Markets


Trump Takes Aim At Union Official Over Carrier Job Count Trump Takes Aim At Union Official Over Carrier Job Count
- December 09, 2016

In addition to the jobs lost at the Indiana plant, Carrier's parent company, United Technologies, still plans to relocate its Huntington, Indiana, plant to Mexico, putting another 700 jobs on the chopping block. The company declined to say how numerous plants 800 remaining jobs could be lost to automation, or when. "One voice asked: What kind of vehicle do you drive?" But the actual number of jobs that will be staying in the U.S.is actually about 800. (more...)
Union leader, Trump clash over Carrier deal Union leader, Trump clash over Carrier deal
- December 09, 2016

The union president slammed by Donald Trump on Twitter challenged the president-elect Thursday, Dec. 8, 2016, to back up his claim that a deal to discourage Carrier Corp. Indiana AFL-CIO President Brett Voorhies said other union members across the state stood with Jones, who represents workers at the Carrier furnace factory being downsized. (more...)
It takes two to tango: Pakistan envoy Abdul Basit tells India It takes two to tango: Pakistan envoy Abdul Basit tells India
- December 09, 2016

Commenting on the escalating tussles between India and Pakistan , Basit also said that there are some serious problems between the two countries and "we can't shy away from those". We are destined to become a regional economic hub. To a question, he said, Pakistan wanted good ties with India and PM Nawaz Sharif visit to Indian counterpart Narendra Modi's inauguration in 2014 was part of efforts to promote peace. (more...)
Restoration Hardware shares plunge as company warns of slower holiday sales Restoration Hardware shares plunge as company warns of slower holiday sales
- December 09, 2016

Retirement Systems of Alabama now owns 49,189 shares of the company's stock valued at $1,701,000 after buying an additional 479 shares during the period. "(RH) Releases Q4 Earnings Guidance" was published by The Cerbat Gem and is owned by of The Cerbat Gem. Company stock is -38.39% away from its one year high and is moving 137.93% ahead of its one year low. (more...)
Japanese firm plucks fruit giant Fyffes in £638m deal Japanese firm plucks fruit giant Fyffes in £638m deal
- December 09, 2016

Chairman David McCann said the Sumitomo deal crystallised the substantial value created in recent years through the various strategic developments and the strong operating performance of the company. Needless to say, the offer has been recommended by the board of Fyffes . Sumitomo has been active in the banana industry since the 1960s and claims to be the "market leader" in Asia, with plantations in the Philippines and distribution across the region. (more...)
Watchdog to toughen rules on crowdfunding
- December 09, 2016

And added: 'It is hard for investors to assess the risks and returns of investing on a platform'. It also found that financial promotions were not always "clear, fair and not misleading", and that the complex structure of some investments created "operational risks that are not being managed sufficiently". (more...)
McDonald's to move tax base to United Kingdom after spat with European Union regulators
- December 09, 2016

The choice of the United Kingdom comes as an apparent vote of confidence for Britain after it voted to quit the EU. The chain said in its defence: "McDonald's pays a significant amount of corporate taxes". By routing profits through Luxembourg in this way, McDonald's reduced its tax burden in other countries around the world - the countries where it actually makes and sells its burgers. (more...)
The Eagles, James Taylor, Mavis Staples Earn Kennedy Center Honors
- December 09, 2016

After a sustained ovation, host Stephen Colbert greeted the crowd of Washington insiders as "endangered swamp-dwellers", referencing Trump's "drain the swamp" campaign pledge. In 2009, the excitement over the new president "created a lot of fresh energy", George Stevens, creator and longtime producer of the Kennedy Center Honors, said at the time before the show. (more...)
ECB under pressure to extend stimulus amid uncertainties ECB under pressure to extend stimulus amid uncertainties
- December 09, 2016

The ECB also changed the modalities of its programme to allow purchases of bonds with yields below the -0.4% deposit rate and to buy bonds with maturities as long as 1-year. The market reaction has thus far been consistent with a dovish message from the European Central Bank (ie, shortterm interest rates lower , equities higher , currency lower , and FX volatility contained). (more...)
Ocado reports sales increase Ocado reports sales increase
- December 09, 2016

Finance director Duncan Tatton-Brown insisted the retailer remained confident that a tie-up would materialise. "During the period, we were also pleased to announce that we have commenced operations at our Andover customer fulfilment centre". (more...)
Aldermore Group PLC (ALD) Receives GBX 205.67 Average Price Target from Brokerages Aldermore Group PLC (ALD) Receives GBX 205.67 Average Price Target from Brokerages
- December 09, 2016

Societe Generale maintained it with "Hold" rating and GBX 270 target price in Friday, December 4 report. Anglo American PLC has 1,290,000,000 shares outstanding at the moment which are trading around 1254 bringing Anglo American PLC's market capitalisation to 16.18B GBP. (more...)
Russian oil producers support output cuts
- December 09, 2016

Oil production has been outpacing consumption by 1 to 2 million barrels per day since late 2014. "With both Russian Federation and OPEC producing at record (levels), the market is scratching its head about how both blocs will manage to comply with the Vienna production cut targets", said Jeffrey Halley of brokerage OANDA in Singapore. (more...)
Crude Oil Prices Rebound as Optimism around Non-OPEC Production Cuts Improves
- December 09, 2016

Given the rally to $50 a barrel, non-OPEC members may not be persuaded to cut output, said Tim Evans, energy futures specialist at Citigroup. OPEC agreed last week to slash output by around 1.2 million barrels per day beginning in January in an effort to reduce global oversupply and prop up oil prices. (more...)
As Obama's term winds down, resistance to Obamacare diminishes As Obama's term winds down, resistance to Obamacare diminishes
- December 09, 2016

With more than 150 sites of care, including 11 hospitals, Presence Health has more than 20,000 employees, 4,000 medical professionals and a revenue base of $2.5 billion. State Senate Appropriations Chairman Luke Kenley is listening less to Trump and more to what congressional Republicans advocate. Absolutely, said the head of the federal agency that oversees the Affordable Care Act. (more...)
Oil prices over $50 per barrel following OPEC production cut
- December 09, 2016

Together, the 14 nations pumped about 18.8 million barrels a day of oil previous year, equivalent to 20 per cent of global supply, according to data from BP. OPEC has invited 14 producers from outside the group to a meeting on Saturday to discuss the curbs, Secretary-General Mohammad Barkindo said. Data on the US oil and gas industry is on a one-month lag, so the latest data is from October. (more...)
ECB Tapers Bond Buying, EUR Higher
- December 09, 2016

That adds at least 540 billion euros in stimulus to the existing 1.74 billion ($1.87 trillion) effort. He and his colleagues have frequently stressed that the euro area's economic upturn is largely reliant on continued monetary easing as governments fail to play their part. (more...)
AT&T Wireless customers to receive $88 million in refunds
- December 09, 2016

The refunds, stemming from a settlement between regulators and AT&T in 2014, are meant to repay customers who had unwanted charged improperly added to their bills. Epiq Systems, the refund administrator for the refund program, will begin mailing refund checks and applying credits to AT&T phone bills starting today. (more...)
Army Corps of Engineers Had Actually Recommended Dakota Access Pipeline Route Approval Army Corps of Engineers Had Actually Recommended Dakota Access Pipeline Route Approval
- December 09, 2016

Army Corps of Engineers on Sunday refused to grant a requested easement under Lake Oahe, suggesting further environmental review is needed. Darcy said in the memo that more work needs to be done in looking for an alternate route, with greater participation from the tribe. (more...)
Earnings According to Analysts for Costco Wholesale Corporation (NASDAQ:COST)? Earnings According to Analysts for Costco Wholesale Corporation (NASDAQ:COST)?
- December 09, 2016

The company exchanged total volume of 0 shares throughout course of last trade however it holds an average trading capacity of 2.44 million shares. After posting a positive earnings surprise of 2.3% in the final quarter of fiscal 2016, Costco Wholesale Corporation COST delivered a negative earnings surprise of 1.7% in the first quarter of fiscal 2017. (more...)
Super Mario creator Shigeru Miyamoto performs Mario theme with The Roots Super Mario creator Shigeru Miyamoto performs Mario theme with The Roots
- December 09, 2016

The live presentation shows us nothing new in terms of gameplay, but Nintendo clearly wanted the focus to be on the hardware and its dual functionality as a handheld and a home console. The game is expected to bring in more than $71 million in worldwide gross revenue during its first month, less than half of Pokemon GO and also less than Clash Royale . (more...)

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