Markets


Teva Claws Its Way Back With Earnings, Revenue Beat
- February 13, 2017

Teva Pharmaceutical Industries Limited (NYSE:TEVA) announced a quarterly dividend on Monday, February 13th. 15 analysts projected on average Earnings. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell). eBay Inc. (NASDAQ:EBAY) jumped 52.31 percent over the past one year, while it rose 13.27 percent year to date (YTD). (more...)
Indian retail inflation lowest in at least five years Indian retail inflation lowest in at least five years
- February 13, 2017

The National Institute of Social and Economic Research said GDP grew by 0.7 per cent over the three months to the end of January, following growth of 0.6 per cent for the last quarter of 2016. "The stickiness in core inflation despite continued decline in other parts of the index is a worry since wage-price negotiations based on a sticky core can potentially lift overall inflation". (more...)
Pensioners have higher incomes than people of working age
- February 13, 2017

The research identifies the factors which have made pensioners better off . These findings may add to the pressure on government to reconsider the viability of the state pension triple lock. There have been reports for some time that incomes for pensioners have been growing faster than those for working-age people, largely as a result of pensions being protected by the triple-lock, while many working-age benefits have been frozen. (more...)
Burger King Parent Restaurant Brands Reports Fourth-Quarter Earnings Beat
- February 13, 2017

Restaurant Brands International reported earnings attributable to common shareholders of US$118.4 million for the period ended December 31, or US50 cents per share, compared with US$51.7 million (US25 cents) in the same period a year ago. (more...)
Inland gas prices at highest amount since July Inland gas prices at highest amount since July
- February 13, 2017

A regular gallon of unleaded self-service gasoline in MI will run you $2.31. The Dearborn-based auto club reports that a regular gallon of unleaded self-service gasoline in the Detroit area is now approximately $2.26. GasBuddy says the state's lowest price is $1.91 in New Buffalo, and adds prices range from $2.13 to $2.22 in South Haven. That 7-cent increase is the second largest weekly change in the country. (more...)
Minister triggers row, says Hindu population falling in India Minister triggers row, says Hindu population falling in India
- February 13, 2017

Rijiju was reacting to a newspaper report published from Itanagar and was headlined "Cong says BJP converting Arunchal as Hindu State". Rijiju also asked Congress to refrain from making such allegations, he said, "Congress should not make such provocative statements". (more...)
Disneyland, Disney California Adventure raising ticket prices
- February 13, 2017

Starting Sunday, tickets into any of Disney's USA parks will be more expensive, the company confirmed Saturday. Regular admission will will run $110, up $5. On low-demand days, a one-day adult ticket jump to $97, from $95. Visitors pay more on "peak" days, which are the busiest times as forecast by park officials. (more...)
Japan economy expands for fourth straight quarter
- February 13, 2017

The slowdown also appears to be part of a broader theme, having grown by 0.6%, 0.4% and 0.3% in the previous three quarters. External demand - or exports minus imports - contributed 0.2 percentage point to GDP, due to a rise in shipments from a pick up in vehicle demand from China and the United States, and electronics parts from Asia. (more...)
EU Commission Worsens 2017 Eurozone Inflation Forecast by 0.3% to 1.7%
- February 13, 2017

Mr Moscovici said: 'The European economy has proven resilient to the numerous shocks it has experienced over the past year. External factors could also throw growth forecasts off track, including Donald Trump's isolationist policies, according to the Commission's Winter Economic Forecast. (more...)
Infosys CEO Sikka says media talk over governance issues Infosys CEO Sikka says media talk over governance issues "distracting"
- February 13, 2017

One of the main issues in the ongoing slugfest between the founders and the management is the salary of CEO Vishal Sikka. He said: "Tomorrow's technology is expensive and I don't want to buy anything that is yesterday's technology", added Sikka. (more...)
The Co-operative Bank is putting itself up for sale
- February 13, 2017

The Co-op Bank said the decision is due to the need to "build its capital and meet longer-term United Kingdom bank regulatory capital requirements", with low interest rates reducing its ability to generate income. In statements this morning, both the Co-op Bank and Capita said they have resolved their contractual differences, with the outsourcer set to continue providing mortgage administration services to the lender. (more...)
Aussie Banks Hit Back at Apple Over Mobile Payment Dispute
- February 13, 2017

They say that without open NFC access on iPhone, no genuine competition in the provision of mobile wallets is possible and Apple will have a stranglehold on this strategically important future market. "This application has always been about consumer choice, and allowing competition between the makers of mobile wallets to offer the best products and features they can to determine which mobile wallet consumers will use", says payments specialist and spokesperson on behalf of the applicants Lance ... (more...)
JB Hi-Fi earnings up after strong sales
- February 13, 2017

The sales result beat consensus estimates of about $2.5 billion. Key growth categories included: Communications, Audio, Cameras, Accessories, Computers and Home Appliance Categories. JB Hi-Fi increased its interim dividend from 63¢ to 72¢ a share, payable March 10. There were 103 stores in The Goods Guys network when the business was acquired on 28 November 2016. (more...)
Justice Karnan pulls a no-show in SC today in contempt case Justice Karnan pulls a no-show in SC today in contempt case
- February 13, 2017

In 2015, CS Karnan had threatened contempt of court proceedings against Chief Justice of Madras HC Sanjay K Kaul, who has been now appointed as a judge of the Supreme Court. The AG said this pointing out that Karnan wrote disparaging letters to the Prime Minister, Law Minister, Supreme Court Registrar about sitting and retired top court and High court judges. (more...)
Barnaby Joyce condemns WA Liberals' preference deal with One Nation
- February 13, 2017

Premier Annastacia Palaszczuk denied the claims on Monday afternoon, saying there is "no deal" between Labor and One Nation. "One Nation has been elected to the federal parliament and I have to say we work very closely with the One Nation senators". (more...)
Torres: Atlético Madrid striker scores unbelievable goal in win
- February 13, 2017

The visitors broke the deadlock after five minutes Miguel Moya's poor clearance deflected onto Daniel Cabral and sailed into the net. Torres netted two goals last week, but Sunday's golazo was on an entirely different level. He latched onto a long punt from goalkeeper Sergio Rico that was flicked on by Vicente Iborra. Elsewhere, Sevilla kept pace with the front-runners after nicking a 1-0 win at Las Palmas . (more...)
Colorado's Marijuana Industry Sold Over $1 Billion In Pot Last Year Colorado's Marijuana Industry Sold Over $1 Billion In Pot Last Year
- February 13, 2017

Recreational marijuana users led the way increasing sales by 49 percent from 2015 to 2016. Colorado legalized recreational marijuana in 2012, along with Washington state, and this was its third year of regulated sales. From that $1.3 billion, Colorado got to keep $199 million in taxes and fees. This money is just the tip of the iceberg. Recreational marijuana made up $875 million in sales, while medical sales came in at $438 million. (more...)
Authorities block Ministry of Home Affairs website after hacking incident
- February 12, 2017

The MHA website was immediately blocked by the National Informatics Centre after hacking was noticed and computer emergency response teams are looking into the incident, officials said. The report of MHA website being hacked comes close on the heels of the hacking of NSG (national security guard) portal last month. The website was defaced by the members of the group with abusive messages appearing on the screen on the attempt of accessing it. (more...)
US Education Secretary Betsy DeVos Prevented Entry to Washington School
- February 12, 2017

Betty Patterson, president of the National Education Association in New Mexico, said the union would gladly provide DeVos with a list of New Mexico schools "for un-rehearsed visits" should she come to the state . Collins played her "moderate card", as she almost always does, in voting against DeVos' nomination, but I believe DeVos skeptics have been fooled by our senator. (more...)
Trump tells Xi Jinping he will honour one-China policy Trump tells Xi Jinping he will honour one-China policy
- February 12, 2017

Trump previously suggested acceptance of the "one China" policy could be part of an agreement on issues such as trade. "President Trump stated that he looks forward to working with President Xi to develop a constructive relationship that benefits both the United States and China", Spicer said in a statement on Wednesday night. (more...)

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