Markets


British Airways to begin 48-hour strike from January 10
- January 04, 2017

The strike action is being taken by so-called "mixed fleet" cabin crew, who joined British Airways since 2010. However, Mr Richardson said Unite remains "hopeful" that a settlement can be achieved. It said further details for customers would be published on Friday 6 January, once it had finalised contingency plans. British Airways said in a statement that it was "extremely disappointed that Unite has once again chosen to target our customers". (more...)
Tillerson severing ties with Exxon, sets up trust fund
- January 04, 2017

Furthermore Exxon Mobil said, the share awards will be negated and Tillerson will also submit entitlement to above $4.1 million in cash bonuses, planned to pay out over the next three years, and other benefits. The company consulted with federal regulators before agreeing to terms. Tillerson, who was nominated last month to be President-elect Donald Trump's chief diplomat, retired December 31 after more than forty years at Exxon Mobil, the last ten years as CEO. (more...)
Macau gaming rebound in full swing Macau gaming rebound in full swing
- January 04, 2017

In turn, Macau's exports remained relatively unchanged year on year, and from January to November 2015 amounted to 9.786 billion patacas and 9.294 billion patacas in the same period of 2016, a drop of 5.0%. These numbers confirm the third falling year for the market. Macau's casino industry has ended on a high, after it was revealed that the resort's gross gaming revenues finished up 8% at $2.48 billion in December, compared to the same month a year ago. (more...)
Oil down, but ends year with biggest gain since 2009 Oil down, but ends year with biggest gain since 2009
- January 04, 2017

Libya, one of two OPEC countries exempt from the output cuts, has increased its production to 685,000 barrels a day from around 600,000 in December, an official at the National Oil Corporation said on Sunday. "The most likely scenario is OPEC and non-OPEC member countries will be committed to the deal, especially in the early stages". "Once oil reaches $60 a barrel, increasing rigs in the USA will be the biggest factor that will limit oil from rising further". (more...)
Trump threatens General Motors with 'big border tax' over imported cars Trump threatens General Motors with 'big border tax' over imported cars
- January 04, 2017

In a tweet , Mr Trump said the owner of Chevrolet, Cadillac and Vauxhall would have to stomach a "big border tax" if it failed to make cars in the United States. However, in a move to post growth in the area of job creation in the US, the new to-be president of the country has been demoting such practices. Mexico has something the United States doesn't have with other countries where the Cruze would be sold: free-trade agreements with over 40 countries. (more...)
Trending Stock Alert: JPMorgan Chase & Co. (NYSE:JPM) Trending Stock Alert: JPMorgan Chase & Co. (NYSE:JPM)
- January 04, 2017

Relative strength index (RSI-14) for JPMorgan Chase & Co (NYSE:JPM) is at 70.20. Vigilant Capital Management LLC raised its stake in J P Morgan Chase & Co by 22.1% in the second quarter. The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. The ex-dividend date of this dividend is Wednesday, January 4th. (more...)
Covering The CEO President: Donald Trump Takes Aim At The Auto Industry Covering The CEO President: Donald Trump Takes Aim At The Auto Industry
- January 04, 2017

Moving forward, Ford will take that money and invest $700 million in a MI assembly plant. In the same interview, Fields appeared to dodge questions about wether Trump's team may have privately negotiated a quid-pro-quo agreement. Additionally, Ford announced plans to build by 2020 hybrid versions of its top-selling F-150 pickup and its iconic Mustang sports auto. The Focus is presently made in Wayne, Michigan. (more...)
Freeport-McMoran, Inc. (NYSE:FCX) reported Beta of 2.56 Freeport-McMoran, Inc. (NYSE:FCX) reported Beta of 2.56
- January 04, 2017

Shares of Freeport-McMoRan Inc. Value scores approaching towards 1 means a buy recommendation and rating of 5 is considered bearish for stock. GA ADV now owns 17,000 shares of the natural resource company's stock valued at $189,000 after buying an additional 500 shares in the last quarter. (more...)
Airtel Offers Free 4G Data of Worth Rs.9000 for 12 Months Airtel Offers Free 4G Data of Worth Rs.9000 for 12 Months
- January 04, 2017

People with 4G smartphones, using postpaid and not on Airtel network or upgrade to a new 4G phone, would get 3GB free data every month, using the all MyPlan Infinity plans. But Airtel has a strong nationwide coverage for both 4G data and calls, which makes it a viable choice for any mobile user. Hence, the total free data that users will get is 4GB for every month. (more...)
Google CEO Sundar Pichai Speaks About India's Small And Medium Businesses: Highlights
- January 04, 2017

Mr. Pichai said the brand new tool - My Business, has been introduced in India first and would be taken to other countries gradually. Further, for India's mobile-first audience, Google also launched Primer, a free mobile app uniquely created to teach digital marketing skills in a quick, easy and interactive way. (more...)
Ford Cancels Mexico Plant in 'Vote of Confidence' in Trump Ford Cancels Mexico Plant in 'Vote of Confidence' in Trump
- January 04, 2017

However, he stressed Ford did not do any sort of special deal with the president-elect. Trade under Trump should be rather interesting over the next four years. That's a very politic answer but here's what Fields seems to be saying. The Mexican plant was to have been constructed in San Luis Potosi. "Our commitment to US has always been there". (more...)
When will Christmas trees be picked up for recycling in New Orleans? When will Christmas trees be picked up for recycling in New Orleans?
- January 04, 2017

Not to be outdone by surrounding jurisdictions, the city of Milton is offering its residents three locations where they can drop off their Christmas trees for recycling. Residents can also bring trees from 7 a.m.to 3 p.m. Monday through Friday to a drop-off center located on West Third Avenue, between Idaho and Ohio Streets. (more...)
Video shows Burmese python wrestling alligator at Big Cypress
- January 04, 2017

Most would say the python won, which is typical of the problems brought upon the Everglades ecosystem by the Burmese python, which was probably first released into the Florida wild by people. Magill explains what was happening below the surface of the water. "I remember seeing a hind leg with a claw and his tail rising up out of the water", Capozzi said. (more...)
Oil Prices Rise, Favours Buhari's 2017 Budget As Production Cuts Begin
- January 04, 2017

The deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members to curtail output by nearly 1.8 million barrels per day (bpd), the first in 15 years, is due to go into force on January 1. While demand for cleaner energy has risen in recent years and is forecast to continue to do so in future, demand for oil is likely to remain high. In November, OPEC reached its first production deal in eight years, vowing to lower output by 1.2 million barrels a day to boost ... (more...)
Cempra (NASDAQ:CEMP) announced FDA can not approve pneumonia drug without safety data Cempra (NASDAQ:CEMP) announced FDA can not approve pneumonia drug without safety data
- January 04, 2017

The consensus recommendation provided by analysts is now 3.10. Out of rating recommendations 1 have given the stock a Buy while 0 recommend the stock as Outperform. This estimate is provided by 11 analysts. In the last six months the stock's performance fell -83.02% while yearly performance of the company fell -91.13%. (more...)
U.S. Manufacturing Index Indicates Faster Growth In December U.S. Manufacturing Index Indicates Faster Growth In December
- January 04, 2017

The Institute for Supply Management says its manufacturing index came in at 54.7 last month, up from 53.2 in November and the highest reading of 2016. The six with declines were apparel, leather and allied products, fabricated metal products, plastics and rubber products, transportation equipment, food, beverage and tobacco products and electrical equipment, appliances and components. (more...)
McDonald's heads to the Vatican, but not everyone's lovin' it McDonald's heads to the Vatican, but not everyone's lovin' it
- January 04, 2017

Religious pilgrims who get hungry on a trip to the Vatican are now in luck, because a McDonald's just opened within spitting distance of the Catholic Church's headquarters. Its first restaurant opened up near the Spanish steps in Rome 30 years ago, sparking protests. Sgreccia told the newspaper that that no price is high enough to justify the "disgrace" of selling "unhealthy" food "that I would never eat" in such a place. (more...)
GST Council to meet officials from six key sectors on Tuesday GST Council to meet officials from six key sectors on Tuesday
- January 04, 2017

The Centre had to rework the entire compensation package and this will again have to be vetted by the Council", said Amit Mitra, finance minister, West Bengal. Several states have demanded full control over subjects such as the interstate movement of goods and services as well as businesses with an annual turnover of Rs 1.5 crore and less. (more...)
GOP House, Off to a Shaky Start, Backtracks on Killing Ethics Panel
- January 04, 2017

Hours after the surprise vote on Monday to remove numerous watchdog's powers - a vote of which no prior word was given - the president-elect strongly criticised its timing , if not its substance, on Twitter. He called for transparency and openness. In the wake of white-hot public scrutiny, Republicans in the U.S. House have abandoned, at least for now, a plan to bring to heel a key ethics watchdog overseeing Congress. (more...)
3 arrested in stadium pipeline protest released
- January 04, 2017

Bank has extended a large credit line to pipeline developer Energy Transfer Partners. Opponents contend the pipeline could affect drinking water and Native American artifacts. The pair watched the rest of the game, occasionally shifting positions or waving at spectators. Vikings communications director Jeff Anderson said on Tuesday the team is contacting fans who were affected by the protest, offering a refund to the 71 season-ticket accounts that correspond to those seats, as well as affected ... (more...)

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