Markets


Tata Steel Swings to Profit for First Time in Five Quarters Tata Steel Swings to Profit for First Time in Five Quarters
- February 07, 2017

The company posted an operating profit of 6.1 billion rupees in the last three month period at its European operations in contrast with a net loss of 7.6 billion rupees year over year. Consolidated EBITDA at Rs. 3,550 crore. "Further, our focus on cost improvement initiatives and our integrated operations helped us to contain the impact of rising raw material prices", he added. (more...)
Netanyahu calls on Britain to join new sanctions against Iran Netanyahu calls on Britain to join new sanctions against Iran
- February 07, 2017

Having had to whip his entire coalition into supporting the regulation bill for fear of seeing his government collapse, Mr Netanyahu will doubtless be hoping that the High Court now throws it out. Mrs May's spokeswoman later made clear that Britain is concerned that the construction of settlements on Palestinian land risks undermining trust in political efforts to find a two-state solution to tensions in the Middle East. (more...)
Michael Kors Tumbles on Disappointing Holiday Sales
- February 07, 2017

Like its rival Coach, Kors is now reducing supplies to department stores which have been heavily discounting its products in the wake of low footfall traffic. It is predicted to add 9% on day 1 and jump 10% on day 7 after the company reports upcoming earnings. Michael Kors Holdings Limited had a net margin of 16.94% and a return on equity of 42.50%. (more...)
Govt sells 2% in ITC through block deals
- February 07, 2017

ITC stock surged almost 6 per cent after the government sold its 2 per cent stake in the FMCG firm that was held through SUUTI , but most of the gains were erased due to profit-booking. With this, the government holding in ITC through SUUTI has come down to 9.17%. Through the undertaking, the government holds minority stake in these companies and often divests its shareholding for capital generation. (more...)
Hyundai allows soldiers to attend Super Bowl with their families virtually Hyundai allows soldiers to attend Super Bowl with their families virtually
- February 07, 2017

The ad Super Bowl night followed two teasers featuring Pro Football Hall of Famers Joe Montana and Mike Singletary discussing the value of teamwork and courage, especially as it relates to our troops. As the finale of the Super Bowl was being played between Patriots of New England and Falcons of Atlanta, Hyundai US did what no one expected - they virtually "reunited" deployed US troops with their families, giving them a chance to watch the match together. (more...)
France's trade deficit narrows in December as Airbus deliveries boost exports
- February 07, 2017

Data showed France trade deficit fell to EUR 3.421 billion from EUR 4.37 billion in November and compared to EUR 3.612 billion a year ago. A gain in exports of commercial aircraft, heavy machinery and autos offset a rise in imports. Excluding petroleum, the trade shortfall narrowed to $38.2 billion from $39.7 billion. France's current account deficit fell to Euro 1.1 billion in December from Euro 2.8 billion in the previous month. (more...)
Here's The Super Bowl Commercial Fox Didn't Want You To See
- February 07, 2017

Budweiser isn't the only company to tackle the politically heavy topic of immigration in their Super Bowl commercial this year. "We don't condone illegal immigration ", 84 Lumber said in one tweet. "You have to attract with a message that is going to resonate with the people who buy your product -so if you get people angry about an ad, but they're not your customers, then you don't care about alienating people who would never buy your product to begin with". (more...)
Shiv Sena Welcomes Hardik Patel To Defeat BJP In BMC And Gujarat
- February 07, 2017

Patidar quota stir leader Hardik Patel will be the face of Shiv Sena in the Gujarat Assembly elections. Patel, now Shiv Sena's face in Gujarat, also met Uddhav Thackeray on Tuesday at his residence in Mumbai . Earlier, Uddhav Thackeray, speaking to reporters after meeting Patel, said: "After a long time, we will be contesting elections outside Maharashtra". (more...)
Wal-Mart Stores, Inc. (NYSE:WMT) Vs. Industry Vs. Sector Growth Analysis
- February 07, 2017

Finally, Capital Planning Advisors LLC raised its stake in shares of Wal-Mart Stores by 0.5% in the second quarter. The stock now has Weekly Volatility of 1.16% and Monthly Volatility of 1.21%. The most recent short interest data show 1.96% of the company's stock are short sold. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. (more...)
SEPTA riders face delays because of cracks in rail cars SEPTA riders face delays because of cracks in rail cars
- February 07, 2017

It's because a crack was found on a main load-carrying beam over the weekend. The additional cars are sidelined while they, too, are checked. It's the second time in a year the agency had to stop using trains because of structural problems. (more...)
Obama goes kite surfing with Richard Branson Obama goes kite surfing with Richard Branson
- February 07, 2017

The Virgin billionaire invited the Obamas to Necker Island for some R&R, but also to take on Obama in a game of "kitesurfing vs. foilboarding". While President Trump has been unleashing a flurry of executive orders, catalyzing huge protests , and stirring up global commotion, his predecessor, Barack Obama, has remained mostly quiet. (more...)
NYC Weather: Rain, snow, fluctuating temperatures in the forecast, NWS says NYC Weather: Rain, snow, fluctuating temperatures in the forecast, NWS says
- February 07, 2017

A wind advisory for the mountains and deserts was slated to remain in effect until 10 p.m. Tuesday. High temperatures will reach into the mid-40s with a south wind at 5 to 9 miles per hour, turning around later in the day to the northeast. (more...)
'If trade stops, war starts,' Alibaba CEO Jack Ma warns
- February 07, 2017

Alibaba owns online marketplace and eBay competitor TMall and e-commerce website Aliexpress, along with many other platforms. The success of Australian products was illustrated through the 2016 Double 11 Global Shopping Festival, with Australia ranked the fourth highest selling country. (more...)
GM to pay UAW members $12K in record profit sharing
- February 07, 2017

Year-to-date, GM has gained 5.71%, versus a 2.42% rise in the benchmark S&P 500 index during the same period. USA earnings reached a record $12 billion in 2016, beating the previous year's total by $1 billion. GM's fourth quarter net income fell 70% to $1.8 billion because of one-time charges of $100 million related the legal costs tied to recalls, $300 million unfavorable foreign exchange rates and an unfavorable comparison to the same quarter in 2015 when the company realized a benefit ... (more...)
Newark schools participate in Special Olympics Polar Bear Plunge Newark schools participate in Special Olympics Polar Bear Plunge
- February 07, 2017

Ali Thompson '20 takes the plunge. The event raised $900,000 for Newark-based Special Olympics Delaware. Special Olympics Nevada and Northern California will host the annual Lake Tahoe Polar Plunge fundraiser beginning at 10 a.m. Mike Lesak '17 took the plunge for the first time this year. "We offer screenings. Free screenings in dentistry", said Lisa DeNatale, with Special Olympics Vermont President & CEO. (more...)
Mother hid decomposing remains of six babies in storage locker Mother hid decomposing remains of six babies in storage locker
- February 07, 2017

Due to the decomposition, there was no determination as to cause of death or whether any of the infants had been born alive. Police were called and discovered the remains in garbage bags and other containers inside the locker. Children's toys, children and infants' clothing and blankets were found alongside the remains in the locker. A judge ruled she probably had a miscarriage early in that pregnancy. (more...)
International Monetary Fund board split over how to manage Greek recovery International Monetary Fund board split over how to manage Greek recovery
- February 07, 2017

The board met to discuss the long-overdue review of the Greek economy, as well as a report that describes the country's debt as becoming "explosive" in the long run. The IMF has said it would consider giving Greece a new loan to supplement the 86 billion euros ($92 billion) it's receiving from euro-area countries, but only if the nation's debt-reduction plans are credible. (more...)
Trump to play golf with Abe to know him better
- February 07, 2017

In a telephone interview with Westwood One Sports Radio on Sunday, Trump expressed his willingness to "get along with all countries" including Russia, China and Japan. "Abe is going to talk about how we can widen the importance and value of the TPP to the Asia-Pacific region in the economic talks with the U.S.", Nishimura said. (more...)
China's Forex Reserves Decline In January
- February 07, 2017

Slowing growth in the world's second-largest economy and a weakening yuan have in recent months led investors to move huge sums offshore in search of better returns. Since the reserve's peak in June 2014, China's monetary authorities have used the equivalent of about US$1 trillion. The yuan fell 6.6 percent against the rising dollar in 2016, its biggest annual drop since 1994. (more...)
BP share price heads south even as group returns to profit BP share price heads south even as group returns to profit
- February 07, 2017

Underlying replacement cost profit rose to $400 million from $196 million in the same period previous year. The results differentiate BP fro competitors including Royal Dutch Shell and Exxon Mobil, who are now breaking even, with BP unlikely to achieve this status until the end of the year. (more...)

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