Markets
Wal-Mart headquarters set to make 'hundreds' of cuts
- January 11, 2017
Wal-Mart Stores, Inc. employs 18,000 workers at its headquarters in Bentonville, Ark ., which means the job cuts would only be small compared to its total team there. She said Northwest Arkansas "has to always be prepared that there is going to be churn in the headquarters-type jobs at Wal-Mart". BlackRock Institutional Trust Company N.A. (more...)
- January 11, 2017
Wal-Mart Stores, Inc. employs 18,000 workers at its headquarters in Bentonville, Ark ., which means the job cuts would only be small compared to its total team there. She said Northwest Arkansas "has to always be prepared that there is going to be churn in the headquarters-type jobs at Wal-Mart". BlackRock Institutional Trust Company N.A. (more...)
Top Democrat criticizes Obama for slow response to Russian hacks
- January 11, 2017
Speaking in his first news conference since winning November's contest, Mr Trump said Russian Federation have been involved in hacking during the campaign. "I want to thank a lot of the news organisations, some of whom have not treated me very well over the years - a couple in particular - and they came out so strongly against that fake news and the fact that it was written about by primarily one group and one television station". (more...)
- January 11, 2017
Speaking in his first news conference since winning November's contest, Mr Trump said Russian Federation have been involved in hacking during the campaign. "I want to thank a lot of the news organisations, some of whom have not treated me very well over the years - a couple in particular - and they came out so strongly against that fake news and the fact that it was written about by primarily one group and one television station". (more...)
VW to pay $4.3 billion in fines over polluting diesels
- January 11, 2017
The Justice Department is bringing criminal charges against six high-level Volkswagen employees for their alleged roles in the company's diesel emissions cheating scandal. They are an important step forward for our company and all our employees". Muller was tapped to lead the German automaker in a management shakeup just days after United States and California regulators announced the first charges in the case in September 2015 following the discovery that diesel cars that were marketed as ... (more...)
- January 11, 2017
The Justice Department is bringing criminal charges against six high-level Volkswagen employees for their alleged roles in the company's diesel emissions cheating scandal. They are an important step forward for our company and all our employees". Muller was tapped to lead the German automaker in a management shakeup just days after United States and California regulators announced the first charges in the case in September 2015 following the discovery that diesel cars that were marketed as ... (more...)
NUPENG Commences 3-Day Strike Today
- January 11, 2017
The strike is in protest over pay and job losses. According to the President of NUPENG , Achese Igwe , who spoke with journalists shortly after a meeting of the NEC of NUPENG , said the National Executive Committee of the Nigeria Union of Petroleum and Natural Gas Workers have taken a decision to commence a three-day warning strike to protest "anti-labour practices" in the oil and gas sector. (more...)
- January 11, 2017
The strike is in protest over pay and job losses. According to the President of NUPENG , Achese Igwe , who spoke with journalists shortly after a meeting of the NEC of NUPENG , said the National Executive Committee of the Nigeria Union of Petroleum and Natural Gas Workers have taken a decision to commence a three-day warning strike to protest "anti-labour practices" in the oil and gas sector. (more...)
Zimmer Biomet Shares Bolstered by Positive 2017 Outlook
- January 11, 2017
Analyst Kyle Rose reiterated a Buy rating on Zimmer Biomet Holdings ( NYSE: ZBH ) yesterday and set a price target of $130. Finally, Needham & Company LLC reissued a "buy" rating and set a $148.00 price objective on shares of Zimmer Biomet Holdings in a report on Thursday, December 15th. (more...)
- January 11, 2017
Analyst Kyle Rose reiterated a Buy rating on Zimmer Biomet Holdings ( NYSE: ZBH ) yesterday and set a price target of $130. Finally, Needham & Company LLC reissued a "buy" rating and set a $148.00 price objective on shares of Zimmer Biomet Holdings in a report on Thursday, December 15th. (more...)
Yesterday Buzzers: Chesapeake Energy Corporation (NYSE:CHK) , Encana Corporation (NYSE:ECA)
- January 11, 2017
IFP Advisors Inc increased its position in shares of Devon Energy Corporation by 20.8% in the second quarter. "However, the highly competitive oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon's performance". (more...)
- January 11, 2017
IFP Advisors Inc increased its position in shares of Devon Energy Corporation by 20.8% in the second quarter. "However, the highly competitive oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon's performance". (more...)
Trump Shouts At Journalist In First Press Conference In Six Months
- January 11, 2017
The adviser, who has not yet been named, will review and sign off on any new business deals that raise potential conflicts of interests, according to an attorney familiar with Trump's plans. Mr. Trump also said that his two adult sons will run the company. An ethics advisor will be pointed to the management team whose written approval will be required for new deals and transactions. (more...)
- January 11, 2017
The adviser, who has not yet been named, will review and sign off on any new business deals that raise potential conflicts of interests, according to an attorney familiar with Trump's plans. Mr. Trump also said that his two adult sons will run the company. An ethics advisor will be pointed to the management team whose written approval will be required for new deals and transactions. (more...)
President-elect Donald Trump will not sell off his sprawling business empire
- January 11, 2017
Dillon added that the Trump Organization will not make any new foreign deals during his administration. While Trump will still receive profit-and-loss reports on the company as a whole, Dillon said, he will not see an accounting for individual businesses within the Trump Organization. (more...)
- January 11, 2017
Dillon added that the Trump Organization will not make any new foreign deals during his administration. While Trump will still receive profit-and-loss reports on the company as a whole, Dillon said, he will not see an accounting for individual businesses within the Trump Organization. (more...)
Alibaba aims to create a million United States jobs with Trump's help
- January 11, 2017
With that in mind, Lewin added that Ma skillfully presented Trump with all key buzzwords that appeal to his administration and fit in with his economic and job creation pledges. Alibaba , which runs popular shopping websites Taobao and Tmall, also has a stake in Suning Commerce Group Ltd. Alibaba past year acquired a minority stake in Steven Spielberg's Amblin Partners to co-produce and finance movies for the global and Chinese markets, Deadline reports. (more...)
- January 11, 2017
With that in mind, Lewin added that Ma skillfully presented Trump with all key buzzwords that appeal to his administration and fit in with his economic and job creation pledges. Alibaba , which runs popular shopping websites Taobao and Tmall, also has a stake in Suning Commerce Group Ltd. Alibaba past year acquired a minority stake in Steven Spielberg's Amblin Partners to co-produce and finance movies for the global and Chinese markets, Deadline reports. (more...)
UK Considering $1200 Charge to Hire EU Workers After Brexit
- January 11, 2017
At the end of previous year, Prime Minister Theresa May was ridiculed for claiming she wanted a "red, white and blue Brexit" when asked if she was leaning towards hard or soft Brexit. After mentioning the 1,000-pound charge, Goodwill said it was far from certain. Adam Marshall, director general of the British Chambers of Commerce, added that companies in the United Kingdom already face a "plethora of upfront costs". (more...)
- January 11, 2017
At the end of previous year, Prime Minister Theresa May was ridiculed for claiming she wanted a "red, white and blue Brexit" when asked if she was leaning towards hard or soft Brexit. After mentioning the 1,000-pound charge, Goodwill said it was far from certain. Adam Marshall, director general of the British Chambers of Commerce, added that companies in the United Kingdom already face a "plethora of upfront costs". (more...)
Finance Minister Arun Jaitley says 'excessive paper currency leads to temptations'
- January 11, 2017
Once the GST is implemented, the combination of a more digitized economy with a more efficient tax system will make India better, he said. A study by industry group National Association of Software and Service Companies (Nasscom) and Zinnov Consulting has found out that India has the third-highest number of start-ups in the world (an estimated 4,200-4,400), behind only the United States and the UK. (more...)
- January 11, 2017
Once the GST is implemented, the combination of a more digitized economy with a more efficient tax system will make India better, he said. A study by industry group National Association of Software and Service Companies (Nasscom) and Zinnov Consulting has found out that India has the third-highest number of start-ups in the world (an estimated 4,200-4,400), behind only the United States and the UK. (more...)
Burning Stock on the move: Alibaba Group Holding Limited (NYSE:BABA)
- January 11, 2017
The company rocked its 52-Week High of $109.87 on Sep 28, 2016 and touched its 52-Week Low of $59.25 on Feb 9, 2016. Baillie Gifford & Co. boosted its position in shares of Alibaba Group Holding Limited by 7.5% in the second quarter. The stock now has an average rating of "Buy" and an average price target of $116.84. Bernstein initiates coverage on Baidu (NASDAQ:BIDU) with a Underperform rating and a price target of $150.00. (more...)
- January 11, 2017
The company rocked its 52-Week High of $109.87 on Sep 28, 2016 and touched its 52-Week Low of $59.25 on Feb 9, 2016. Baillie Gifford & Co. boosted its position in shares of Alibaba Group Holding Limited by 7.5% in the second quarter. The stock now has an average rating of "Buy" and an average price target of $116.84. Bernstein initiates coverage on Baidu (NASDAQ:BIDU) with a Underperform rating and a price target of $150.00. (more...)
Cyrus Mistry moves contempt application at NCLT against Tatas
- January 11, 2017
The affidavit filed by Tata Sons presses on the issue which Judicial Member B.S.V. Prakash Kumar was keen on addressing the most i.e. maintainability of the petition filed by Mistry; or rather as the affidavit refers to it- Mistry's 'alter ego', being the petitioner companies. (more...)
- January 11, 2017
The affidavit filed by Tata Sons presses on the issue which Judicial Member B.S.V. Prakash Kumar was keen on addressing the most i.e. maintainability of the petition filed by Mistry; or rather as the affidavit refers to it- Mistry's 'alter ego', being the petitioner companies. (more...)
BMO Capital Downgrades Archer Daniels Midland to 'Market Perform'
- January 11, 2017
Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. They now have $44.14 price target on the stock. The number of shares now owned by investors are 588.91 mln. They set a "hold" rating and a $46.00 price target for the company. Archer Daniels Midland's dividend payout ratio is now 45.45%. (more...)
- January 11, 2017
Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. They now have $44.14 price target on the stock. The number of shares now owned by investors are 588.91 mln. They set a "hold" rating and a $46.00 price target for the company. Archer Daniels Midland's dividend payout ratio is now 45.45%. (more...)
Mortgage Applications Start 2017 on the Rise
- January 11, 2017
When bond traders sell, mortgage rates rise; when they buy, rates fall. VA 30 year mortgage interest rates can be had for 4.125% and April of 4.3264%. Mortgage applications increased modestly last week after mortgage rates declined, the Mortgage Bankers Association reported. Purchase volume is still almost 18 percent below where it was one year ago. (more...)
- January 11, 2017
When bond traders sell, mortgage rates rise; when they buy, rates fall. VA 30 year mortgage interest rates can be had for 4.125% and April of 4.3264%. Mortgage applications increased modestly last week after mortgage rates declined, the Mortgage Bankers Association reported. Purchase volume is still almost 18 percent below where it was one year ago. (more...)
Rex Tillerson Faces Confirmation Hearing For Secretary Of State
- January 11, 2017
Those words weren't enough for some senators, with Democrats voicing concerns about his past work in Russian Federation and ties to its leaders and raised Tuesday's report that President-elect Donald Trump had been briefed by intelligence officials on claims that Russian Federation had tried to compromise him with incriminating evidence. (more...)
- January 11, 2017
Those words weren't enough for some senators, with Democrats voicing concerns about his past work in Russian Federation and ties to its leaders and raised Tuesday's report that President-elect Donald Trump had been briefed by intelligence officials on claims that Russian Federation had tried to compromise him with incriminating evidence. (more...)
Mast Therapeutics, Inc. (NYSEMKT:MSTX) Closed last trading session at $0.15
- January 11, 2017
Many research firms have provided their ratings on Mast Therapeutics, Inc. 1 issued rating as a HOLD.0 said as SELL recommendations and 0 suggested UNDERWEIGHT rating. When we have a peek on stock's historical trends we come to know that, the stock has climbed 66.67% in the past one week and soared 87.50% during previous one month drive, the stock went up 50% during past quarter. (more...)
- January 11, 2017
Many research firms have provided their ratings on Mast Therapeutics, Inc. 1 issued rating as a HOLD.0 said as SELL recommendations and 0 suggested UNDERWEIGHT rating. When we have a peek on stock's historical trends we come to know that, the stock has climbed 66.67% in the past one week and soared 87.50% during previous one month drive, the stock went up 50% during past quarter. (more...)
BC to raise homeowner grant threshold
- January 11, 2017
Mr.de Jong said the government wants to make sure that as many families as possible benefit from the grant. Last year, 91 per cent of all homes in the province were covered by the homeowner grant program, which offers $570 to owners of properties with an assessed value of less than $1.2-million. (more...)
- January 11, 2017
Mr.de Jong said the government wants to make sure that as many families as possible benefit from the grant. Last year, 91 per cent of all homes in the province were covered by the homeowner grant program, which offers $570 to owners of properties with an assessed value of less than $1.2-million. (more...)
Amazon Canada Sells Tricolour Doormats, Sushma Swaraj Warns Stern Action
- January 11, 2017
Swaraj asked Amazon to tender unconditional apology and withdraw all products insulting the national flag immediately. "They must withdraw all products insulting our national flag immediately". The comments section under the product, which is priced at 35.99 canadian dollars (CDN), also sees several one star ratings and complaints from angry Indians. (more...)
- January 11, 2017
Swaraj asked Amazon to tender unconditional apology and withdraw all products insulting the national flag immediately. "They must withdraw all products insulting our national flag immediately". The comments section under the product, which is priced at 35.99 canadian dollars (CDN), also sees several one star ratings and complaints from angry Indians. (more...)
Brexit no longer biggest risk to UK: Bank chief
- January 11, 2017
In response to questioning from lawmakers in London, the BOE governor also sought to distance himself from the central bank's chief economist Andy Haldane, who said that forecasters are facing a crisis after the United Kingdom proved unexpectedly resilient in the second half of previous year. (more...)
- January 11, 2017
In response to questioning from lawmakers in London, the BOE governor also sought to distance himself from the central bank's chief economist Andy Haldane, who said that forecasters are facing a crisis after the United Kingdom proved unexpectedly resilient in the second half of previous year. (more...)
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Clifford Swan Investment Counsel LLC Decreases Position in Schlumberger (SLB)