Markets
Chevy Chase Trust Holdings Inc. Cuts Stake in Mallinckrodt PLC (MNK)
- December 01, 2016
Chen has a buy rating on the stock. Stock's minimum price target estimates has been figured out at $75.00 while the maximum price target forecast is established at $115.00. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright legislation. (more...)
- December 01, 2016
Chen has a buy rating on the stock. Stock's minimum price target estimates has been figured out at $75.00 while the maximum price target forecast is established at $115.00. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright legislation. (more...)
Impact and TFC poised to add to Montreal-Toronto rivalry
- December 01, 2016
While Montreal will take a one-goal lead into the second leg of the two-game, total goals series on November 22 at BMO Field, Toronto picked up two all-important away goals that can serve as the tiebreaker. "For us now, it's about focusing on what we control", head coach Mauro Biello said last week. Indeed, Toronto will certainly look towards their three Designated Players - Bradley, Altidore and Giovinco - for inspiration and direction against their Canadian rivals. (more...)
- December 01, 2016
While Montreal will take a one-goal lead into the second leg of the two-game, total goals series on November 22 at BMO Field, Toronto picked up two all-important away goals that can serve as the tiebreaker. "For us now, it's about focusing on what we control", head coach Mauro Biello said last week. Indeed, Toronto will certainly look towards their three Designated Players - Bradley, Altidore and Giovinco - for inspiration and direction against their Canadian rivals. (more...)
Boil water advisory lifted for San Marco
- December 01, 2016
A second water main break on Lake Avenue and a broken valve on Swartswood Road impacted parts of the town Tuesday. As of Monday morning, most homes had water pressure restored. Officials are advising residents to bring all water to a boil and keep it at that level for at least one minute to kill bacteria and organisms. Water quality testing was conducted and the results meet water quality standards, JEA said. (more...)
- December 01, 2016
A second water main break on Lake Avenue and a broken valve on Swartswood Road impacted parts of the town Tuesday. As of Monday morning, most homes had water pressure restored. Officials are advising residents to bring all water to a boil and keep it at that level for at least one minute to kill bacteria and organisms. Water quality testing was conducted and the results meet water quality standards, JEA said. (more...)
Cost of federal student loan program doubled beyond estimate: Watchdog
- December 01, 2016
The Education Department argued to the GAO that even if outstanding loan balances are eventually forgiven, "it is possible for the government still to generate income" from such loans, due to interest payments. Some borrower advocates and even the GAO in earlier reports have argued that the government and the private companies it hires to collect student loans have made it too hard for borrowers to access these repayment programs and avoid default. (more...)
- December 01, 2016
The Education Department argued to the GAO that even if outstanding loan balances are eventually forgiven, "it is possible for the government still to generate income" from such loans, due to interest payments. Some borrower advocates and even the GAO in earlier reports have argued that the government and the private companies it hires to collect student loans have made it too hard for borrowers to access these repayment programs and avoid default. (more...)
Black Friday Deals 2016 Breaks Online Sales with $1B Via Mobile
- December 01, 2016
Mobile is looking to be as powerful a component of online sales for Cyber Monday as it has been throughout the weekend, with PayPal reporting double-digit growth in mobile payments in the first eight hours of the day. Adobe is so confident of it that it's predicting online sales today will total $3.36 billion, a 9.4 percent increase from past year. Shoppers found their kids' most coveted Christmas wishes via search ads (38.5% of sales) and direct sales (25.3% of sales) -both of which drove ... (more...)
- December 01, 2016
Mobile is looking to be as powerful a component of online sales for Cyber Monday as it has been throughout the weekend, with PayPal reporting double-digit growth in mobile payments in the first eight hours of the day. Adobe is so confident of it that it's predicting online sales today will total $3.36 billion, a 9.4 percent increase from past year. Shoppers found their kids' most coveted Christmas wishes via search ads (38.5% of sales) and direct sales (25.3% of sales) -both of which drove ... (more...)
Cyber Monday Comes Calling: Will 2016 Be Record Breaker?
- December 01, 2016
Shoppers spent $3.3 billion on Friday, according to Adobe, which tracks data about online purchases across the 100 biggest retailers. Meanwhile, 56 percent of retail website traffic on Black Friday came from mobile devices, Techcrunch cites Adobe , with 47 percent coming from mobile and 9 percent coming from tablets. (more...)
- December 01, 2016
Shoppers spent $3.3 billion on Friday, according to Adobe, which tracks data about online purchases across the 100 biggest retailers. Meanwhile, 56 percent of retail website traffic on Black Friday came from mobile devices, Techcrunch cites Adobe , with 47 percent coming from mobile and 9 percent coming from tablets. (more...)
Uber, seeking to expand, defends itself at Europe's highest court
- December 01, 2016
It also raises questions about the company's growth plans as it looks to expand beyond ride-hailing to food delivery and other online services. Last year, the same court struck down a 15-year-old trans-Atlantic data sharing pact, after Austrian law student Max Schrems complained about how USA security services can gain unfettered access to Facebook Inc. (more...)
- December 01, 2016
It also raises questions about the company's growth plans as it looks to expand beyond ride-hailing to food delivery and other online services. Last year, the same court struck down a 15-year-old trans-Atlantic data sharing pact, after Austrian law student Max Schrems complained about how USA security services can gain unfettered access to Facebook Inc. (more...)
OPEC agrees to first oil production cut since 2008
- December 01, 2016
A production cut could have a lasting impact on consumers as oil price increases feed into the cost of auto fuel, heating and electricity. In other words, oil prices have shot up sharply on the news already - WTI and Brent were up more than 8 percent by midday Wednesday - but more gains could be coming as OPEC is set to severely tighten the market. (more...)
- December 01, 2016
A production cut could have a lasting impact on consumers as oil price increases feed into the cost of auto fuel, heating and electricity. In other words, oil prices have shot up sharply on the news already - WTI and Brent were up more than 8 percent by midday Wednesday - but more gains could be coming as OPEC is set to severely tighten the market. (more...)
Pelosi, facing challenger, reveals new Democratic leadership picks
- December 01, 2016
Senate majority was lost as there was a huge turnout for Republican President-elect Donald Trump. Pelosi faces a challenge to her job as frustrated House Democrats meet to select a new slate of leaders. Wallace, who pointed out that since 2009 Democrats have lost over 60 House seats under Pelosi's leadership, noted that nearly two-thirds of Democrats in the 2017 House will represent states on the East or West coasts. (more...)
- December 01, 2016
Senate majority was lost as there was a huge turnout for Republican President-elect Donald Trump. Pelosi faces a challenge to her job as frustrated House Democrats meet to select a new slate of leaders. Wallace, who pointed out that since 2009 Democrats have lost over 60 House seats under Pelosi's leadership, noted that nearly two-thirds of Democrats in the 2017 House will represent states on the East or West coasts. (more...)
Fed's Beige Book Says Economy Continued To Expand
- December 01, 2016
WASHINGTON-Economic growth has continued across most of the US, though some businesses reported uncertainty persisting in the wake of the presidential election, according to a Federal Reserve report released Wednesday. Reports were mixed in some sectors. Some districts noted a shift in purchases from new cars to used vehicles. On nonfinancial services, most districts experienced growth. (more...)
- December 01, 2016
WASHINGTON-Economic growth has continued across most of the US, though some businesses reported uncertainty persisting in the wake of the presidential election, according to a Federal Reserve report released Wednesday. Reports were mixed in some sectors. Some districts noted a shift in purchases from new cars to used vehicles. On nonfinancial services, most districts experienced growth. (more...)
Oil jumps 5 percent on prospects for OPEC output cut
- December 01, 2016
OPEC will meet with nonmembers to hammer out the details on December 9. In addition, it would deal a further blow to the already damaged credibility of the Organization of the Petroleum Exporting Countries, 56 years after its creation. Royal Dutch Shell (RDSA) was up 4.3%. Shale stocks are seeing, see which shale plays are now buys. In the days and weeks leading up to the meeting, oil prices reacted strongly to any news coming from the cartel. (more...)
- December 01, 2016
OPEC will meet with nonmembers to hammer out the details on December 9. In addition, it would deal a further blow to the already damaged credibility of the Organization of the Petroleum Exporting Countries, 56 years after its creation. Royal Dutch Shell (RDSA) was up 4.3%. Shale stocks are seeing, see which shale plays are now buys. In the days and weeks leading up to the meeting, oil prices reacted strongly to any news coming from the cartel. (more...)
Trump isolated on climate as world committed to limit carbon emissions
- November 30, 2016
Britain ratified the Paris agreement on climate change today, joining more than 100 other countries in a move that campaigners hope will prompt US President-elect Donald Trump to honour the deal. There is the very real fear that Trump, when he takes office in January, will toss the agreement in the trash, and that would be catastrophic, not only for the US but for the people of the world. (more...)
- November 30, 2016
Britain ratified the Paris agreement on climate change today, joining more than 100 other countries in a move that campaigners hope will prompt US President-elect Donald Trump to honour the deal. There is the very real fear that Trump, when he takes office in January, will toss the agreement in the trash, and that would be catastrophic, not only for the US but for the people of the world. (more...)
OPEC agrees to cut output to push up oil price
- November 30, 2016
Brent crude was down 3.21 percent, trading at $46.69 per barrel as of 2:50pm GMT. "Iran and Iraq are refusing to cut...simply reaching the high end of the Algiers range will require greater cuts from other members, namely Saudi Arabia, which may be hard politically", analysts at Morgan Stanley said in a report , noting the bank was still biased towards OPEC reaching a deal. (more...)
- November 30, 2016
Brent crude was down 3.21 percent, trading at $46.69 per barrel as of 2:50pm GMT. "Iran and Iraq are refusing to cut...simply reaching the high end of the Algiers range will require greater cuts from other members, namely Saudi Arabia, which may be hard politically", analysts at Morgan Stanley said in a report , noting the bank was still biased towards OPEC reaching a deal. (more...)
Albertsons in talks to buy NY-based Price Chopper for $1 billion
- November 30, 2016
Reuters used "unidentified sources" in its story, saying the matter in confidential. Price Chopper and Albertson both declined comment. In all, Price Chopper operates 130 stores in the northeast. AB Acquisition LLC, owned by private equity firm Cerberus Capital Management, operates ACME, Albertsons , Jewel-Osco, Lucky, Shaws, Star Market and Super Saver, and stores under the United Family of stores, Amigos, Market Street and United Supermarkets. (more...)
- November 30, 2016
Reuters used "unidentified sources" in its story, saying the matter in confidential. Price Chopper and Albertson both declined comment. In all, Price Chopper operates 130 stores in the northeast. AB Acquisition LLC, owned by private equity firm Cerberus Capital Management, operates ACME, Albertsons , Jewel-Osco, Lucky, Shaws, Star Market and Super Saver, and stores under the United Family of stores, Amigos, Market Street and United Supermarkets. (more...)
Trump taps Price, Chao to Cabinet posts
- November 30, 2016
It also helped finance high-profile films such as " Suicide Squad ", " American Sniper " and " Mad Max: Fury Road ". "It's hard to think of a nominee who better embodies the culture of Wall Street greed than the former Goldman Sachs partner", the Communications Workers of America, a labor union, said in a statement. (more...)
- November 30, 2016
It also helped finance high-profile films such as " Suicide Squad ", " American Sniper " and " Mad Max: Fury Road ". "It's hard to think of a nominee who better embodies the culture of Wall Street greed than the former Goldman Sachs partner", the Communications Workers of America, a labor union, said in a statement. (more...)
Hearing ordered in bid for Pennsylvania election recount
- November 30, 2016
The process, spurred by Green Party candidate Jill Stein, will play out differently in the three states, but is highly unlikely to end up changing the result: Trump won 306 electoral votes to Clinton's 232. As a result, Stein mounted legal effort to force a recount. Clinton's campaign has said they will participate in the recount efforts Stein is spearheading. (more...)
- November 30, 2016
The process, spurred by Green Party candidate Jill Stein, will play out differently in the three states, but is highly unlikely to end up changing the result: Trump won 306 electoral votes to Clinton's 232. As a result, Stein mounted legal effort to force a recount. Clinton's campaign has said they will participate in the recount efforts Stein is spearheading. (more...)
Cyber Monday barely hangs on as biggest online spending day
- November 30, 2016
This marks the largest online sales day in US history, which tracks 80 percent of all online transactions at the 100 largest retailers in the country, Adobe Digital Insights (ADI) said in a press release issued Tuesday. Adobe's forecast puts Cyber Monday neck-and-neck with Black Friday, when consumers spent $3.34 billion, a 21.6 percent jump from a year ago. More people shopped online between Thanksgiving Day and Sunday than in an actual store, with 43.8% using a smartphone, tablet or ... (more...)
- November 30, 2016
This marks the largest online sales day in US history, which tracks 80 percent of all online transactions at the 100 largest retailers in the country, Adobe Digital Insights (ADI) said in a press release issued Tuesday. Adobe's forecast puts Cyber Monday neck-and-neck with Black Friday, when consumers spent $3.34 billion, a 21.6 percent jump from a year ago. More people shopped online between Thanksgiving Day and Sunday than in an actual store, with 43.8% using a smartphone, tablet or ... (more...)
Oil surges as Opec reaches output cut deal
- November 30, 2016
Evacuees forced from their homes and businesses by rapidly spreading wildfires in East Tennessee Monday night are getting their first look at the damage left behind. On Wednesday morning, Reuters reported that a delegate from the Iraqi contingent said that "there will be an agreement today", while the Iranian Oil Minister Bijan Zanganeh said "I'm optimistic". (more...)
- November 30, 2016
Evacuees forced from their homes and businesses by rapidly spreading wildfires in East Tennessee Monday night are getting their first look at the damage left behind. On Wednesday morning, Reuters reported that a delegate from the Iraqi contingent said that "there will be an agreement today", while the Iranian Oil Minister Bijan Zanganeh said "I'm optimistic". (more...)
OPEC getting close to clinching a deal- Saudi minister
- November 30, 2016
Iran, OPEC's third-largest oil producer, said it won't cut output as members of the exporter group met in Vienna before a crucial summit on Wednesday. As of November 29, 2016, United States crude oil futures were 4.7% below the key resistance of $47.5 per barrel. On the eve of today's meetings, OPEC Conference President Mohammed Bin Saleh Al-Sada said that while there were signs that a rebalancing of the global oil market is under way, "price volatility is still a significant concern". (more...)
- November 30, 2016
Iran, OPEC's third-largest oil producer, said it won't cut output as members of the exporter group met in Vienna before a crucial summit on Wednesday. As of November 29, 2016, United States crude oil futures were 4.7% below the key resistance of $47.5 per barrel. On the eve of today's meetings, OPEC Conference President Mohammed Bin Saleh Al-Sada said that while there were signs that a rebalancing of the global oil market is under way, "price volatility is still a significant concern". (more...)
OPEC ministers meets in Vienna to cut crude oil supply
- November 30, 2016
Brent crude, used to price worldwide oils, rose 64 cents to $47.96 a barrel in London. Saudi Arabia, which raised oil production to a record this year, will reduce output by 486,000 barrels a day to 10.058 million a day, an OPEC document shows. (more...)
- November 30, 2016
Brent crude, used to price worldwide oils, rose 64 cents to $47.96 a barrel in London. Saudi Arabia, which raised oil production to a record this year, will reduce output by 486,000 barrels a day to 10.058 million a day, an OPEC document shows. (more...)
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