Markets


Big Mac Creator Jim Delligatti Dies At 98
- December 04, 2016

In a 2005 interview with the Pittsburgh Tribune-Review, since removed from its site but still available in online archives, Delligatti joked that he received a "dollar apiece" on the global sales, before telling his interviewer: "No, honey". (more...)
Michigan State's Bridges out 2-plus weeks with ankle injury Michigan State's Bridges out 2-plus weeks with ankle injury
- December 04, 2016

Emmanuel Nzekwesi scored 21 points and grabbed 13 rebounds to lead Oral Roberts (1-7) while Jalen Bradley added 17 points, Kris Martin chipped in 16 points and Albert Owens scored 15. According to media on-hand, Izzo said Bridges' ankle began bothering him after Michigan State's loss at Duke on Tuesday. The 6-foot-8, 250-pound forward wants the ball in the post and he has skills to do something with it when teammates pass it to him. (more...)
Carrier Corp. deal differs from common incentives in Indiana
- December 04, 2016

In fact, LeRoy said his group published a 2012 study that found numerous EDGE grant incentives are crafted in such a way that employees' withholding taxes often end up going back to the company - and not into state coffers. "He has signalled to every corporation in America that they can threaten offshore jobs in exchange for business-friendly tax benefits and incentives", said Senator Bernie Sanders. (more...)
GM and Ford Canadian auto sales soar in November GM and Ford Canadian auto sales soar in November
- December 04, 2016

In contrast, the average volume was 34.72M shares. All of the brand's SUV models posted double-digit sales gains, with the sole exception of the Terrain. GM sales are seen rising between 8 percent and 12 percent. The insider OJAKLI ZIAD S sold $118,600. (NYSE:F) by 28.5% during the second quarter, Holdings Channel reports. (more...)
Stock Perspective: Wal-Mart Stores, Inc Stock Perspective: Wal-Mart Stores, Inc
- December 04, 2016

A number of other large investors have also added to or reduced their stakes in the stock. Moreover, Beacon Capital Management has 0% invested in Wal-Mart Stores, Inc. Zacks Research also uses an analyst ratings scale that spans from 1 to 5. Wal-Mart Stores's revenue was up.5% on a year-over-year basis. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company's stock. (more...)
Iran claims victory in OPEC oil deal
- December 04, 2016

If the cut in spot supplies is not sufficient to bring overall output under Saudi Arabia's new target level, Aramco can also supply less oil to term customers within the tolerance level of scheduled volume, the people said. crude rose $1.62, or 3.3 percent, to close Thursday at $51.06 a barrel in NY. After the deal was announced on Wednesday , the market's focus now shifts to the implementation and impact of Opec's first production agreement since 2008, which will be joined by non-Opec ... (more...)
Markets Right Now: Dow surpasses 19000 for first time Markets Right Now: Dow surpasses 19000 for first time
- December 04, 2016

After the Dow Jones industrial average finished over 19,000 for the first time Tuesday, some are predicting 20,000 won't be far behind. After Monday's record-breaking day, when the Dow Jones industrial average , large-company Standard & Poor's 500 stock index, tech-dominated Nasdaq composite and the small-cap Russell 2000 all closed at record levels at the same time for the first time since December 31, 1999, the Dow is making fresh headlines and will likely get a big shout out on ... (more...)
(NASDAQ:ADP) Receives An Update From Brokers (NASDAQ:ADP) Receives An Update From Brokers
- December 04, 2016

Zions Bancorporation raised its position in Automatic Data Processing by 228.5% in the second quarter. A number of Wall Street analysts recently commented on the stock. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of United States & global copyright and trademark law. (more...)
Ford Sales Climb in November, F-Series Deliveries Top 70000 Units
- December 04, 2016

And this unexpected trend may continue for a while: Mustafa Mohatarem, GM chief economist, said "the us auto industry is well positioned for sales to continue at or near record levels into 2017". Ford Motor Company's total United States sales increased 5.2% in November with a total of 197,574 vehicles delivered. Ford's retail sales were up 10% while fleet shipments dropped 9%. (more...)
Narendra Modi asks common man's view on demonetisation, launches survey on app Narendra Modi asks common man's view on demonetisation, launches survey on app
- December 04, 2016

IT and Law Minister Ravi Shankar Prasad and Power Minister Piyush Goyal met to discuss a strategy to accelerate adoption of cashless transactions in the system to tide over the current crisis. Do you think the evil of corruption and black money needs to be fought and eliminated? Reiterating that the government was ready to hold a discussion on the demonetisation, Union Finance Minister Arun Jaitley said, "The whole country welcomed the step taken to curb the black money". (more...)
Asia Minute: Higher Oil Prices Could Complicate Asia's Economic Picture
- December 04, 2016

With the Organisation of Petroleum Exporting Countries recently deciding to reduce production by 3% or 1.2mn barrels per day from early 2017, the focus now shifts to the implementation and impact of Opec's first production agreement since 2008. (more...)
Barcelona need return to home comforts - Luis Enrique Barcelona need return to home comforts - Luis Enrique
- December 04, 2016

Sevilla wasted a chance to climb to second as they slipped to a 2-1 defeat at Andalusian neighbours Granada in the early kick-off. Luis Suarez's header from a free kick by Neymar had given Barcelona the lead in the 53rd, but Barcelona squandered the opportunity to finish off its fierce rival. (more...)
Russian Federation to cut oil output by 300000 bpd but details remain unclear
- December 04, 2016

The analyst says there's more upside for the WTI crude price up to around U$55 per barrel if OPEC actually management to achieve 33mln barrels a day and Russian Federation commits to a freeze, with the oil market shifting back into deficit through the first half of next year. (more...)
Strong US Economy Could Send Interest Rates Soaring
- December 04, 2016

Bureau of Labor Statistics said . November's stunning employment report shows that the USA economy is still adding jobs at a healthy clip, which could give the Fed the green light to hike interest rates later this month. Though the economy added 178,000 jobs to non-farm payrolls in November, these new jobs accounted for just one-third of the drop in unemployment. "It is not that firms aren't trying to hire, they just can not find qualified workers at the wages they want to pay, " said ... (more...)
Tacoma officer killed in shooting was 'model police officer' Tacoma officer killed in shooting was 'model police officer'
- December 04, 2016

Former King County Sheriff Sue Rahr, who runs the academy, said in the wake of the Tacoma officer's death, her basic training commander called a meeting of all the recruits. Authorities say the suspect in the fatal shooting of a Tacoma, Washington, police officer has been shot and killed by officers after a lengthy barricade situation. (more...)
Trump's Wall Street Picks Clash With Populist Campaign
- December 04, 2016

Mnuchin has worked with Goldman Sacks for 17 years, and was a part of Soros Fund Management team. President-elect Donald Trump has picked his campaign finance chairman, Steve Mnuchin , to be his Treasury secretary. His most recent piece for The Nation , "Wilbur Ross and Steve Mnuchin-Profiteers of the Great Foreclosure Machine-Go to Washington". The congressional plan, like Trump's, would cut taxes for the wealthy and for corporations, but it would not do almost as much as ... (more...)
Samsung Electronics Co Ltd (SSNLF) Considers Splitting Company in Two Samsung Electronics Co Ltd (SSNLF) Considers Splitting Company in Two
- December 04, 2016

Samsung has hired some advisers for assisting it in this move. The step is only to be expected if the founding family wishes to have stability in its control over the huge business. Samsung has not directly addressed the proposals of the fun today, though it has stated earlier that proper consideration would be given to the fund and a decision would be taken by the end of this month. (more...)
Russia Works With OPEC, But Won't Cut Oil Production
- December 04, 2016

Brent crude rose 1.5 percent on Wednesday to more than Dollars 47 a barrel after heavy losses a day earlier. However, disagreements over exactly how OPEC countries should reduce production threaten to derail the plan. OPEC's largest producer had pulled out of a meeting on Friday with the non-member producers including Russian Federation, saying there was no point as OPEC itself could agree internally. (more...)
Musicians sign open letter to Barack Obama over North Dakota pipeline protests Musicians sign open letter to Barack Obama over North Dakota pipeline protests
- December 04, 2016

Jack Dalrymple issued a mandatory evacuation of the camp, but both have said that protesters will not be forced to evacuate. The Standing Rock Sioux tribal chairman said he plans to accept the North Dakota governor's invitation to meet about issues related to the ongoing Dakota Access Pipeline protests. (more...)
Global LNG prices hit 2016 high as Opec agrees oil output cut
- December 04, 2016

OPEC deal sends oil prices soaring * $2 trillion global bond rout since US election * "Soft Brexit" hopes boost sterling By Jamie McGeever LONDON, Dec 1 ( Reuters ) - Oil swept to a six-week high on Thursday after OPEC agreed to cut crude output to help clear a glut, while sterling hit a three-month peak after traders interpreted comments from a senior United Kingdom official as a crack in the government's "hard Brexit" line. (more...)