Markets


Trump, Romney have 2nd meeting over dinner about secretary of state post
- December 02, 2016

Orrin Hatch believes the former MA governor would faithfully "carry the ball" for Trump if selected by the president-elect to serve as the next secretary of state. The billionaire's nominee for the job will be America's public face to the rest of the world, the person who will succeed Mr John Kerry, head up a department of 70,000 staff and lead the largest diplomatic operation in the world. (more...)
Actelion's ambitious independent-minded CEO will drive up takeover price
- December 02, 2016

The stock stands almost -8.24% off versus the 52-week high and 24.48% away from the 52-week low. Finally, Societe Generale reiterated a "hold" rating and set a $116.00 price target on shares of Johnson & Johnson in a research report on Sunday, October 23rd. (more...)
Chicken deal expands Pilgrim's Pride products, territory Chicken deal expands Pilgrim's Pride products, territory
- December 02, 2016

To take advantage of the trend, meat companies and restaurants are increasingly seeking to sell poultry raised on organic grain and without antibiotics. Public health experts and federal regulators have always been concerned that routine feeding of certain antibiotics to animals could lead to antibiotic-resistant superbugs, a health hazard for humans. (more...)
The Western Digital Corp. (WDC) Earns Outperform Rating from RBC Capital Markets
- December 02, 2016

RBC Capital Markets reissued an "outperform" rating and issued a $72.00 price target on shares of Western Digital Corp.in a report on Tuesday. Considering the earnings reaction history, The Company has topped 58% percentage. Citigroup maintained Western Digital Corp (NASDAQ:WDC) on Friday, May 27 with "Buy" rating. The stock was sold at a price of $57.43, for a total worth of $100,499. (more...)
Trump to take victory lap at factory, rally
- December 02, 2016

The Wall Street Journal said United Technologies still plans to cut 600 jobs at the Indianapolis plant that employs 1,400. Trump gave a "100 percent guarantee" that he'd stop that. "But we know nothing". Trump has endangered the jobs of workers who were previously safe in the United States. Why? He said the deal with Carrier showed that the incoming administration will have "open communications with business leaders". (more...)
Wynn joins Vegas resorts ending free valet Wynn joins Vegas resorts ending free valet
- December 02, 2016

According to Deanna Pettit-Ireston, the executive director of public relations for the Wynn , the charge for parking will be $13 for the first four hours, $18 for 4 to 24 hours and $18 each additional 24 hour period. It appears that paid parking will soon be the new norm in Las Vegas . He said local residents would be able to park for free for an undetermined amount of time once implementation has occurred. (more...)
Campaign observers monitor Wisconsin recount
- December 02, 2016

The Board of State Canvassers has now scheduled a meeting Friday to hear arguments. Stein has requested recounts in Wisconsin, Pennsylvania and MI - three states won by Trump on Election Day that have all voted Democratic for decades. In Michigan, Stein has cited the more than 75,000 ballots for which no presidential preference was recorded as an alarming sign. Despite his fears of voter fraud, the Donald Trump for President campaign insists a recount in MI is not only unnecessary, but ... (more...)
Samsung Electronics considering company split Samsung Electronics considering company split
- December 02, 2016

On the Galaxy Note 7 problems, Samsung said at the end of October that the company was doing everything to find out what went wrong with the cellphone, which overheated and caught fire, prompting two global recalls and eventual discontinuation of the flagship model. (more...)
In turnaround, commodities giant Glencore to resume dividend In turnaround, commodities giant Glencore to resume dividend
- December 02, 2016

Despite its aggressive plans, Glencore's share price continued to plunge previous year, on one day in late September falling almost 30%. Its divestment programme is almost finished, with the company having made gains $6.3bn versus the original guidance of between £1bn to £2bn. (more...)
Accsys Technologies Plc (AXS) Earns "Buy" Rating from Numis Securities Ltd
- December 02, 2016

Rotork p.l.c. (LON:ROR)'s stock had its "neutral" rating reissued by analysts at JPMorgan Chase & Co.in a research note issued to investors on Wednesday. The stock's 50 day moving average price is GBX 183.84 and its 200-day moving average price is GBX 169.82. This article was originally published by and is the sole property of American Banking News. (more...)
Com pushes Kellogg's boycott over pulled ads Com pushes Kellogg's boycott over pulled ads
- December 02, 2016

Bannon had previously described Breitbart as "the platform for the 'alt-right, '" a movement that includes some extremists, including white supremacists and neo-Nazis. Right-wing website Breitbart has declared "war" on Kellogg's after the cereal brand chose to pull its advertising from the website. Marketers often buy online ads through third-party tech companies, which distribute them widely across the internet. (more...)
Why Nigeria was exempted from OPEC's output cut - Petroleum Ministry Why Nigeria was exempted from OPEC's output cut - Petroleum Ministry
- December 02, 2016

A December 9 meeting between OPEC and non-OPEC producers will be important and more telling to if the crude oil prices spike will sustain. Mohammed Bin Saleh Al-Sada, Opec's president, said a cut of 1.2 million barrels a day would start from January. (more...)
Trump Expected to Announce Mnuchin as Treasury Pick Trump Expected to Announce Mnuchin as Treasury Pick
- December 02, 2016

Mnunchin, a former partner at Goldman Sachs who went on to found his own hedge fund, confirmed on CNBC's "Squawk Box" that he had been tapped for the post . Last spring, he indicated in interviews with ABC's "This Week" and CNN's "New Day" that he knew his tax plan is "going to get renegotiated". "We're making sure that all those conflicts are taken care of", Priebus said. (more...)
Think big, shop small Think big, shop small
- December 02, 2016

Small Business Saturday UK is a grassroots, non-commercial campaign, which highlights small business success and encourages consumers to "shop local" and support small businesses in their communities. As usual the Street Festival stalls, live entertainment and activities will be spread around the town centre, on Regent Street, Hope Street, Queen Street, Queen's Square, Chester Street and in the markets, from 10 am - 5 pm. (more...)
Barclays reiterated Sky (LON:SKY) as 'Overweight' Barclays reiterated Sky (LON:SKY) as 'Overweight'
- December 02, 2016

They now have a GBP 4550.00p price target on the stock. They have a GBP 1125.00p price target on the stock. 26/10/2016 - Whitbread had its "Buy" rating reiterated by analysts at Deutsche. They now have a GBP 4800.00p price target on the stock. The share price of Playtech (LON:PTEC) was down -2.85% during the last trading session, with a day high of 861.00. (more...)
Oil prices skyrocket as OPEC confirms deal to cut production Oil prices skyrocket as OPEC confirms deal to cut production
- December 02, 2016

It says its goal is to ensure the stabilisation of oil markets, "in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry". (more...)
Mexico Central Bank Chief 'Flees' as Trump Sparks Economy Fears Mexico Central Bank Chief 'Flees' as Trump Sparks Economy Fears
- December 02, 2016

Carstens is known as a savvy political operator who rose from being the central bank's chief economist in the 1990s to hold senior posts in the finance ministry. The Mexican peso plummeted to a record low after Trump's election over the uncertain economic climate in the country, which is fueled by the prospect of the president-elect building a border wall and renegotiating the North American Free Trade Agreement between Mexico, the US and Canada. (more...)
New oil era dawns as Opec agrees to cut production New oil era dawns as Opec agrees to cut production
- December 02, 2016

Although the cost of crude production varies on different shale plays and oil wells in the US, higher prices would definitely help American producers increase their output. He expects an average price of about $53 a barrel next year as a result of the OPEC production cuts. Data from the U.S. Energy Information Administration show total crude oil stocks relatively unchanged from the last week in October, suggesting market pressures were indeed correcting some of the supply-side pressures that ... (more...)
Surfer attacked by shark near Forster Surfer attacked by shark near Forster
- December 02, 2016

When asked how he was feeling, he responded with a smile, ' Joyous that I am alive'. Mr Rowland, believed to be from Forster, was on a break near the Ruins campground known as Bulls Paddock, at the southern end of Seven Mile Beach, when he was attacked about 9.10am. (more...)
Shark Bites 65-Year-Old Surfer off Australian East Coast Shark Bites 65-Year-Old Surfer off Australian East Coast
- December 02, 2016

Colin Rowland was surfing at Seven Mile Beach, near Forster, 300km north of Sydney when he is believed to be attacked by a shark measuring up to 3.5 metres at about 9.10 am. Mr Rowland was treated at the beach, then taken to Pacific Palms Bowling Club to meet up with the rescue helicopter before being flown to John Hunter Hospital in a stable condition. (more...)

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