Markets


US Manipulation of Oil Price Backfires on Saudi Arabia US Manipulation of Oil Price Backfires on Saudi Arabia
- October 26, 2015

The Organization of the Petroleum Exporting Countries (Opec), which was established in 1960 to safeguard the interests of oil exporters, has been unable or unwilling to stem the recent fall in oil prices. Reuters reported this Friday that the price of oil had dropped once more to complete two weeks of decline. But the downside looms large, with the combination of overproduction, high inventories and weak demand, and the fear that speculators will drive the oil price lower once Iran begins ... (more...)
Germany Will Push for Compulsory EU Refugee Quotas Germany Will Push for Compulsory EU Refugee Quotas
- October 26, 2015

The leaders of EU members Austria, Bulgaria, Croatia, Germany, Greece, Hungary, Romania and Slovenia have been invited to the Brussels summit along with two non-members, Macedonia and Serbia. A draft plan that they were to discuss has already drawn criticism for its proposal that countries stop allowing asylum-seekers to pass across their borders without consulting with their neighbours. (more...)
Oil prices revive after battering Oil prices revive after battering
- October 25, 2015

Oil prices were also dragged down by the supply glut. That may not be the intended effect of lifting these restrictions. The only way to withstand this is for the North American production costs to be brought down so that the break even price of crude is lowered. (more...)
Microsoft Windows veteran Joe Belfiore takes a year leave-of-absence Microsoft Windows veteran Joe Belfiore takes a year leave-of-absence
- October 25, 2015

However, according to a new report from WinBeta , support for extensions is not yet present in the main development branch of Threshold 2 and the  Microsoft has not yet asked the developers to port their extensions from other web browsers. (more...)
Canada's feminist Prime Minister Justin Trudeau targets GamerGate Canada's feminist Prime Minister Justin Trudeau targets GamerGate
- October 25, 2015

Everyone says that the way Canadian politics works means that when a Labor Party government, for instance, replaces a Conservative Park majority, then there is little chance of replacing a Premier Tweedledum with a Premier Tweedledee. We're about to see how much Liberals and Canadians in general, want to try. The announcement by the Obama administration that it had struck a deal with Japan on auto manufacturing during the Trans-Pacific Partnership (TPP) negotiations without Canada's ... (more...)
Japan prepares for worldwide suits linked to TPP Japan prepares for worldwide suits linked to TPP
- October 25, 2015

The U.S. worldwide Trade Commission (USITC) is tasked with projecting the future economic impact of trade agreements. First of all, on the labor standards, the countries are required to have plans to raise their labor standards, all of which have been worked out to date. (more...)
The last day of US Airways The last day of US Airways
- October 25, 2015

AAG's primary business activity includes the operation of two system carriers through its principal, wholly-owned mainline operating subsidiaries: US Airways and American. It was announced over the loudspeaker in the terminal, "becoming the new American". At the end of second quarter Doug Parker stated "we would not have purchased $753 million of our stock in the quarter at an average price of $43.53 if we thought the stock wasn't worth more than $43.53". (more...)
Valeant Pharmaceuticals Intl Inc Investor Reveals The Secrets Valeant Pharmaceuticals Intl Inc Investor Reveals The Secrets
- October 24, 2015

Valeant rose to prominence through acquisitions of drugs and companies, including Bausch & Lomb and the skin' care company Medicis. "These allegations are worrying and our goal is to make sure that there was no negligence regarding our regulations", said Sylvain Theberge, spokesman for l'Autorite des marches financiers. (more...)
Insurance to pay $400M for steam generator failures at San Onofre Insurance to pay $400M for steam generator failures at San Onofre
- October 24, 2015

Southern California Edison, the plant's majority owner, on Thursday announced the settlement with Nuclear Electric Insurance Limited for the outages. The San Onofre nuclear plant indefinitely ceased its operations at the end of January 2012 when a leak occurred in one of its reactors, which, according to investigators, was caused by the vibrations in steam generators from Mitsubishi Heavy Industries of Japan. (more...)
Oprah Winfrey made $45 million from Weight Watchers deal Oprah Winfrey made $45 million from Weight Watchers deal
- October 24, 2015

This new partnership comes at a time when Weight Watchers' is shifting its focus away from just weight-loss, and is instead expanding its emphasis to include overall wellbeing and happiness. Besides being a board member and an adviser, she has also joined the weight-loss program and will document her experience. She will also have options to acquire an additional 5 percent stake. (more...)
Pound Sterling to Euro, US Dollar Exchange Rate Forecast: Retail Sales Figures Pound Sterling to Euro, US Dollar Exchange Rate Forecast: Retail Sales Figures
- October 23, 2015

The Pound Sterling to US Dollar (GBP/USD) exchange rate was trending in the region of 1.5485 and the US Dollar to Pound Sterling (USD/GBP) exchange rate was trending in the region of 0.6459 today. Unless probability of a fully-priced 25 basis points FOMC rate hike comes much sooner than presently seen by Fed funds futures for mid-2016, euro may find decent support on dollar rallies. (more...)
Stock Target in Focus: Amazon.com, Inc. Stock Target in Focus: Amazon.com, Inc.
- October 23, 2015

The company's 50-day moving average price is $533.14 and its 200-day moving average price is $472.62. Amazon's operating income was $406 million, up from a loss of $544 million in the same quarter a year earlier. The shares were sold at an average price of $505.13, for a total transaction of $3,157,062.50. Following the completion of the sale, the director now owns 32,803 shares in the company, valued at $16,569,779.39. (more...)
Burger King takes on McDonald's with new United Kingdom breakfast menu Burger King takes on McDonald's with new United Kingdom breakfast menu
- October 22, 2015

The bun will be loaded with bacon or sausage, an egg and American cheese for £1.99 or £2.39 for a double. Or both, if you fancy. A location manager at the rogue Burger King told ABC News that franchise's breakfast menu includes "croissants, muffins, French toast, hash browns and a breakfast platter". (more...)
EMC and VMWare join forces for new cloud services juggernaut EMC and VMWare join forces for new cloud services juggernaut
- October 22, 2015

In addition to the Virtustream reorganization, VMware announced it will launch a Cloud Provider Software business unit let by Ajay Patel, VMware senior vice president, focused on delivering cloud software and solutions for cloud providers. (more...)
UAW reaches tentative deal with Fiat Chrysler on new contract UAW reaches tentative deal with Fiat Chrysler on new contract
- October 21, 2015

Union members overwhelmingly rejected a tentative agreement with the company last week. The deal came just before midnight and "secured significant gains", the union announced in a Facebook post at 12:03 am. More details on the potential new contracts are expected as workers begin to vote. The auto industry has recovered strongly from the depths of the Great Recession, when Fiat Chrysler and GM went through bankruptcy reorganization. (more...)
Hitting the Limit of 'Whatever It Takes' Hitting the Limit of 'Whatever It Takes'
- October 21, 2015

In our view, a likely trigger for a rate cut would be a further material appreciation of the euro, possibly related to more signs that the Fed will remain on hold for longer. As such it gives us a good indication of potential future moves in the sterling to euro rate. In a few hours we will learn if Prime Minster Harper's government retains power or is ousted by their Liberal rival Trudeau. (more...)
EMC, VMware form cloud unit built on Virtustream EMC, VMware form cloud unit built on Virtustream
- October 21, 2015

Investors in VMware have been spooked by the deal, which analysts say could affect VMware's ability to retain top talent in the tight Silicon Valley labor market and could dilute demand for its shares. EMC bought Virtustream in May as a cloud building block. The effort, dubbed the Cloud Services Business, is a 50-50 venture between EMC and VMware . (more...)
AB InBev Reaches Tentative Takeover Agreement with SABMiller, Extends PUSU AB InBev Reaches Tentative Takeover Agreement with SABMiller, Extends PUSU
- October 20, 2015

AB InBev and SABMiller agreed to seek a two-week extension to Wednesday's deadline for a formal offer, giving them until 5 p.m. London time on October 28 to hammer out the agreement. If the world's two largest brewers indeed merge, the resulting beer juggernaut would produce nearly a third of the world's beer and generate annual sales of about $64 billion. (more...)
Earnings of $0.66 Expected for Wynn Resorts, Limited (NASDAQ:WYNN) Earnings of $0.66 Expected for Wynn Resorts, Limited (NASDAQ:WYNN)
- October 19, 2015

Separately, TheStreet Ratings team rates WYNN RESORTS LTD as a Hold with a ratings score of C-. In addition, Lateef Investment Management L.P. have 4.57% of their United States long equity exposure invested in the company for 1.97 million shares. (more...)
Steel firm Caparo Industries set to go into adminstration Steel firm Caparo Industries set to go into adminstration
- October 19, 2015

Caparo Industries employs 1,800 staff across 20 sites, with the vast majority of workers based at its Oldbury site. Steel firm Caparo is set to go into administration with the loss of around 1,800 jobs, according to sources. with an annual turnover of $1.5bn and 10,000 staff. Its founder was ennobled in 1996. PwC declined to comment. Angela Eagle, shadow business secretary said: "This is a further blow to the steel industry which is now on its knees, and my thoughts are with the employees ... (more...)