Markets


Asset Advisors Corp Buys 1042 Shares of Carnival Corp. (CCL)
- December 11, 2016

The company had a trading volume of 3,135,436 shares. Northwestern Mutual Wealth Management Co. raised its position in Carnival Corp .by 4.1% in the second quarter. CCL has been the subject of a number of recent research reports. The share price is now -0.89 percent versus its SMA20, 4.11 percent versus its SMA50, and -8.38 percent versus its SMA200. (more...)
Tata Steel sweetens offer to UK workers, moves closer to Thyssenkrupp merger Tata Steel sweetens offer to UK workers, moves closer to Thyssenkrupp merger
- December 11, 2016

Indian steel giant Tata Steel is planning to keep its Port Talbot plant in South Wales, the UK's biggest steelworks, fully operational, a media report said on Tuesday. "The commitments made today by our reps must now be followed by a commitment from the government that they will hold Tata to their word and ensure jobs are protected", Unite's national officer, Tony Brady said. (more...)
All of France placed on 'high risk' restrictions over bird flu All of France placed on 'high risk' restrictions over bird flu
- December 11, 2016

The World Organisation for Animal Health had warned in an interview with Reuters mid-November that more outbreaks of H5N8 were likely in Europe as wild birds believed to transmit the virus migrate southward. But France , which has the largest poultry flock in the European Union, has since been hit by several outbreaks, in a setback for French poultry and foie gras producers still reeling from a bird flu epidemic that started a year ago. (more...)
Coca-Cola CEO stepping down Coca-Cola CEO stepping down
- December 11, 2016

He rejoined the company in 2005 as president and COO of the company's North Asia, Eurasia and Middle East Group after six years as president and CEO of the Efes Beverage Group. "It has been the most wonderful and unique privilege to serve as chairman and CEO of our great company over the past eight years", Kent said in a statement Friday morning. (more...)
With OPEC Production Deal Threatening to Leak Oil, Will Shale Producers Capitalize?
- December 11, 2016

MOSCOW-The Russian government is committed to cutting oil production in line with world producers but now comes the hard part: making it happen. Fuel prices have risen nationwide for seven days in a row, reacting to a rally in oil prices set off by the cartel's announcement that members would cut production to reduce the glut of supply on the market and reap higher revenues from oil sales. (more...)
WADA investigator to publish new report on Russian doping WADA investigator to publish new report on Russian doping
- December 10, 2016

Canadian lawyer Richard McLaren, who has previously accused Russian Federation of "state-sponsored" cheating, said in a new report for the World Anti-Doping Agency that he had confirmed the switching of samples at the Sochi Winter Olympics in 2014 and that salt and coffee were used to manipulate samples. (more...)
April-November indirect tax collection grows at 26.2%, direct tax at 15.12% April-November indirect tax collection grows at 26.2%, direct tax at 15.12%
- December 10, 2016

As of end-November, the Centre has on the direct taxes front achieved 48.67 per cent of the budget estimate for 2016-17. I The central government's direct tax collections increased 15.1 per cent in April-November 2016 compared with the same period a year earlier, while indirect tax collections rose 26.2 per cent in the same eight-month period. (more...)
Government 'lacks legal power to trigger Brexit using royal prerogative' Government 'lacks legal power to trigger Brexit using royal prerogative'
- December 10, 2016

Prime Minister Theresa May plans to launch European Union exit talks by the end of March using ancient powers known as royal prerogative , which enable governments to join or leave worldwide treaties. They have also argued that European Union membership concerns treaties, which are matters ‘on the global plane in which they say ministers can act without consulting parliament. (more...)
The world reacts to John Glenn's death The world reacts to John Glenn's death
- December 10, 2016

He was prompted to join the military by the attack on Pearl Harbor, the 75th anniversary of which was Wednesday. Tributes are pouring in for former astronaut and senator John Glenn, who passed away Thursday . And Ohio Sen. Rob Portman tweeted, "John and Annie have been a model for Jane and me, and we send our condolences to Annie & the Glenn family at this hard time". (more...)
Amazon opens line-free grocery store in challenge to supermarkets Amazon opens line-free grocery store in challenge to supermarkets
- December 10, 2016

To shop the store, customers download the free Amazon Go app , which links to your Amazon account. The store works in a way that it uses sensors and computer vision to detect the things that you take out of there. Amazon .com, Inc. ( NASDAQ:AMZN ) is testing out a new type of grocery store. In a move that could transform retail, the web giant says shoppers don't need to queue up to pay - because they can just WALK OUT without opening their wallets. (more...)
USA unemployment rate hit nine-year low in November USA unemployment rate hit nine-year low in November
- December 10, 2016

The official unemployment rate is the lowest since August 2007 , down from 4.9 percent in October. Alas, wage growth still remains mostly flat, with average weekly earnings up only 2 percent (or thereabouts) over the preceding 12 months. (more...)
Sales, profit at Sears continue downward spiral Sales, profit at Sears continue downward spiral
- December 10, 2016

Since the hedge manager engineered the merger of Sears and Kmart in 2005, the company has yet to report a year of comparable sales growth, despite hundreds of store closings. On an adjusted basis the company posted a loss of $3.11 a share. "Actions may include additional expense reductions, financing transactions and asset monetization including exploring alternatives for our Kenmore, Craftsman and DieHard brands, our Sears Home Services business and our real estate portfolio". (more...)
'OPEC output cut to encourage sharp production' 'OPEC output cut to encourage sharp production'
- December 10, 2016

The country joined OPEC again in 2015. Ministers confirmed the cut in oil production has been secured from 33.8 million barrels a day to 32.5 million barrels a day. Garcia said oil prices will need to stay above $50 per barrel to have any real impact on drilling activity. "Opec has agreed to an historic production cut ", analysts at AB Bernstein said. (more...)
Southern Rail drivers strike to go ahead after court ruling Southern Rail drivers strike to go ahead after court ruling
- December 10, 2016

The company that runs Southern trains is to lodge legal action at the High Court today in an effort block next week's drivers' strike. A spokesman for GTR told the BBC: 'Naturally we're disappointed with today's decision. "We brought this action for the benefit of our passengers". However, given Southern has not been allocated a date for the appeal hearing to be heard, time is running out before the Aslef action commences on Tuesday. (more...)
Electorate from Texas declines to vote for Trump Electorate from Texas declines to vote for Trump
- December 10, 2016

In some states, presidential electors face fines if they do not vote for their party's nominee. Two Colorado electors who are supposed to cast their vote for President-elect Donald Trump this month have filed a federal court case to overturn state law so they don't have to. (more...)
The Xenia Hotels & Resorts Inc. (XHR) Releases Earnings Results, Meets Estimates
- December 10, 2016

BB&T Corporation (NYSE:BBT) [ Trend Analysis ] considering as most desiring stocks in active trading lead, shares build up after opening to traded at $46.98 with volume of 5.62 Million shares. Shinko Asset Management Co. On December 1, 2016 Visa Inc. Its down 0.12, from 1.21 in 2016Q2. 10/25/2016 - Host Hotels & Resorts, Inc. was downgraded to "neutral" by analysts at Nomura. (more...)
United Kingdom can't 'have cake and eat it' on Brexit
- December 10, 2016

Referring to the ideal "model" for Brexit, it says: 'Have cake and eat it , ' according to the report. The U.K. government has given banks mixed messages on where financial services rank on its priority list for Brexit talks, while European policy makers have resisted suggestions that U.K. (more...)
Trump to tap fast-food exec as labor secretary Trump to tap fast-food exec as labor secretary
- December 10, 2016

This year, he was a fundraiser and senior economic advisor for the Trump campaign as well as its Victory finance chair for California. And that's got labor leaders concerned. If confirmed, he will have the potential to reverse some of President Barack Obama's administration's most notable efforts to bolster protections for workers, families and retirement savers. (more...)
Sears Holdings posts loss for fifth straight quarter Sears Holdings posts loss for fifth straight quarter
- December 10, 2016

Total revenue fell 14.3 percent to $5.03 billion in the third quarter ended October 29, hit by lower demand at its Kmart and Sears outlets. Same-store sales at discounter Kmart fell 4.4%, representing the eighth straight quarterly decline. (more...)
Energy company plan to close Michigan nuclear plant in 2018
- December 10, 2016

Late past year, however, UBS utilities analyst Julien Dumoulin-Smith suggested that the contract appeared to be potentially break-even or under water. The agreement is subject to regulatory approvals. Earlier this year, NY became the first state to approve legislation explicitly recognising the zero-carbon contribution of nuclear power plants. (more...)

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