Markets


Adobe Posts Strong Earnings; Strong Dollar Affects Outlook
- December 16, 2016

The San Jose, Calif. -based company is benefiting from its shift to cloud-computing services from licensed-software sales. Wall Street was looking for revenue of $482 million in the segment. Pettyjohn Wood & White Inc. raised its stake in Adobe Systems by 0.9% in the second quarter. Norinchukin Bank The boosted its stake in shares of Adobe Systems by 2.6% in the second quarter. (more...)
Deadline for health exchange coverage nears Deadline for health exchange coverage nears
- December 16, 2016

Plans will still be sold through January 31, but that coverage will begin later in 2017. "I think because of all the news coverage and the new president, people want to get enrolled and have insurance for 2017", Taylor said. Enrollees should bring photo identification and proof of income. The penalty for not having health insurance is at least $695. Two insurers - Delta Dental and Dominion Dental - offer a collective 15 stand-alone dental plans, 10 for individuals and five for small ... (more...)
Tampa International Airport ranked number 2 in the nation for satisfaction
- December 16, 2016

TIA has placed second again behind Portland International Airport but TIA improved its score this year by 11 points. The study measures overall traveler satisfaction with large and medium North American airports by examining six factors (in order of importance): terminal facilities; airport accessibility; security check; baggage claim; check-in/baggage check; food, beverage and retail. (more...)
Mortgage Professionals Canada Welcomes BC Government's Initiative to Help First-time Homebuyers Mortgage Professionals Canada Welcomes BC Government's Initiative to Help First-time Homebuyers
- December 16, 2016

New Democrat housing spokesperson David Eby on Thursday. It's estimated some 42,000 people will take advantage of the program over the course of the next three years, according to Clark. That could save $5,200 on interest payments on the mortgage over five years, say government officials. While it shows that in November the average MLS price for a home in the province fell 6.4 per cent year-over-year to reach $625,871, that's still out of reach for many first-time buyers. (more...)
Bahrain central bank raises policy rates 25 bps
- December 16, 2016

After years of the easiest monetary policy in USA history, the Fed in December 2015 approved a quarter-point increase in its target federal funds rate. The U.S. central bank had last lifted rates in June 2006 and kept lowering the rate to near zero in 2008. U.S. President-elect Donald Trump also poses a risk for Korea, especially if his campaign protectionist rhetoric finds policy traction - derailing South Korea's exports which have only recently started to find their footing. (more...)
Judge orders Colorado electors to vote for Hillary Clinton
- December 16, 2016

It's called "popular" for a reason: more than 1.5 million more people wanted her for their president than wanted Trump. Although this unlikely scenario was referred to by The New York Times as a "moon shot", it would cement the Electoral College's utility in this, our messy, American republic form of government. (more...)
Oracle Stock Slips as Cloud Revenue Fails to Wow
- December 16, 2016

Several hedge funds have recently bought and sold shares of the company. The mean price target for the company's stock is $44.13 while the highest price target suggested by the analysts is $52.00 and low price target is $31.00. In other news, EVP Dorian Daley sold 16,065 shares of the company's stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. (more...)
The Bond Selloff in Five Charts
- December 16, 2016

NEW YORK, Dec 12 U.S. Treasury yields rose on Monday, with benchmark 10-year notes climbing to more than two-year peaks, after oil prices increased and as investors braced for a widely expected interest rate increase from the Federal Reserve this week. (more...)
Ryan Reynolds and Blake Lively's Two Daughters Make Public Debut Ryan Reynolds and Blake Lively's Two Daughters Make Public Debut
- December 16, 2016

But Reynolds tells Entertainment Tonight he wanted his family by his side as he was honoured on Thursday. This is just too sweet for us to handle. Two-year-old James and her little sister What's Her Name - (no really, what is her name?) playfully frolicked around their father's shining star on Hollywood Boulevard. (more...)
Nusli Wadia Files Defamation Suit Against Tata Sons In Bombay High Court
- December 15, 2016

Mumbai: Continued investments by Tata Chemicals in under-performing overseas business incurring substantial losses, specially in the United Kingdom, have led to destruction of shareholder value with net debt of the firm rising to Rs 8,695 crore in the last 10 years, according to Nusli Wadia. (more...)
Gold falls ahead of US Fed meeting Gold falls ahead of US Fed meeting
- December 15, 2016

In recent weeks, the downside target in gold prices has remained at the December 2015 low at $1,055.2 an ounce, which represents the next major level of support on the weekly chart. Silver prices also got hit very hard to the downside and hit an eight-month low. Daisuke Karakama, chief market economist at Mizuho Bank in Tokyo, said that "I doubt that Fed can actually raise interest rates three times next year". (more...)
Shoprite, Steinhoff in Talks to Create African Retail Giant Shoprite, Steinhoff in Talks to Create African Retail Giant
- December 15, 2016

The goal is to create a "diversified African retail business of significant scale and global geographical reach that could be regarded as the retail champion of Africa", IOL reported. Steinhoff was started in Germany in the 1960s and moved its headquarters to South Africa in 1998 when it acquired the local Gommagomma furnishings chain. (more...)
US consumer prices up 0.2 percent in November US consumer prices up 0.2 percent in November
- December 15, 2016

Average hourly earnings fell 0.1%, prices rose 0.2% and the average workweek was unchanged from October. The consumer-price index climbed 0.2 percent in November, matching the median estimate of economists, after a 0.4 percent gain the previous month, Labor Department figures showed Thursday in Washington. (more...)
2 execs face charges in generic-Rx price probe
- December 15, 2016

The federal lawsuit (pdf) names generic drug-makers Heritage Pharmaceuticals, Inc., Aurobindo Pharma USA, Inc., Citron Pharma, LLC, Mayne Pharma (USA), Inc., Mylan Pharmaceuticals, Inc., and Teva Pharmaceuticals USA, Inc., and concerns two drugs: doxycycline hyclate delayed release, an antibiotic used to treat a range of conditions including respiratory tract infections, and glyburide, an oral diabetes medication. (more...)
FedEx Corp.'s (FDX) Outperform Rating Reaffirmed at Oppenheimer Holdings Inc FedEx Corp.'s (FDX) Outperform Rating Reaffirmed at Oppenheimer Holdings Inc
- December 15, 2016

TRADEMARK VIOLATION WARNING: "FedEx Corp.'s (FDX) Outperform Rating Reaffirmed at Oppenheimer Holdings Inc." was first posted by Community Financial News and is owned by of Community Financial News. Now the company has earned "Buy" from 11 equity analysts. The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. (more...)
Analysts Review on Price Reaction History: Xerox Corp (NYSE:XRX)
- December 15, 2016

Several other large investors have also modified their holdings of the stock. John G Ullman & Associates Inc. boosted its position in shares of Xerox Corp. ILLEGAL ACTIVITY NOTICE: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark legislation. (more...)
Federal prosecutors accuse execs of fixing drug prices
- December 15, 2016

The Department of Justice filed its first charges tied to the federal agency's ongoing investigation into possible price fixing in the generic drug industry. Heritage, which is identified only as Company A in the documents, is a subsidiary of Emcure Pharmaceuticals Ltd., based in Pune, India. The lawsuit is against generic drug-makers Heritage Pharmaceuticals, Inc., Aurobindo Pharma USA, Inc., Citron Pharma, LLC, Mayne Pharma (USA), Inc., Mylan Pharmaceuticals Inc. (more...)
What Wall Street's Saying about General Electric's (GE) Outlook Meeting What Wall Street's Saying about General Electric's (GE) Outlook Meeting
- December 15, 2016

Mesirow Financial Investment Management Equity Management raised its stake in shares of Portland General Electric by 1,432.6% in the second quarter. This represents a $0.96 dividend on an annualized basis and a yield of 3.05%. General Electric's dividend payout ratio is 80.00%. The firm struggles in drawing a model which shows less than $1.68 of EPS for GE. (more...)
Area Starbucks embrace holidays with polarizing Frappuccino flavor
- December 15, 2016

The drink is actually a modification of one of the coffee chain's other drinks. The caffeine pushers are launching a limited edition Fruitcake Frappuccino on Thursday, which will be available in participating stores throughout the USA and Canada until December 18. (more...)
Former pro wrestler Booker T announces Houston mayoral run Former pro wrestler Booker T announces Houston mayoral run
- December 15, 2016

Booker T is looking to join Jesse Ventura as a wrestler who was successfully elected to public office. "I am happy to report that after great deliberation and with the counsel of my family and friends, I have indeed made a decision to run for the office of Mayor in the 2019 race", Huffman said in his statement. (more...)

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