Markets


AAP govt used Rs 29 crore in ads outside Delhi: CAG report AAP govt used Rs 29 crore in ads outside Delhi: CAG report
- March 20, 2017

Kurian, told reporters on Friday. In what is a massive embarrassment for Air India, the Controller and Auditor General of India (CAG) has rapped it for understating losses to the tune of Rs 6,415 crore in three years from 2012. "Considering the effect of these qualifications on the financial statement, the EBITDA (earning before interest, tax, depreciation, amortisation) of Air India would be negative (up to March 2015)", the report said. (more...)
Banks says he'll support new health-care bill, with changes Banks says he'll support new health-care bill, with changes
- March 20, 2017

There are a number of reasons for the anticipated drop in coverage, Guss said. The couple bought health insurance for their kids, but not for themselves. He has repeatedly promised that health insurance will be more affordable under his plan. That's $700 less than people would spend under Obamacare - which did not provide higher earners with any subsidies - but still a significant portion of their income, he said. (more...)
Badal 'politely' declines Punjab CM's offer for government house Badal 'politely' declines Punjab CM's offer for government house
- March 19, 2017

In another significant decision, the government chose to do away with the "VIP culture" by removing red, amber and blue beacons from official vehicles of all state ministers, MLAs, bureaucrats and political appointees, and scrap the practice of laying of foundation stones while inaugurating public projects. (more...)
Uttarakhand CM takes charge, UP CM to take oath on Sunday Uttarakhand CM takes charge, UP CM to take oath on Sunday
- March 19, 2017

Federal Interior minister Rajnath Singh, telecom minister Manoj Sinha and BJP state president Keshav Prasad Maurya had also been seen as contenders for the post of chief minister. "There will be record development". Three Lucknow legislators - Brajesh Pathak, Rita Bahuguna Joshi and Ashutosh Tandon - also made it to the cabinet. (more...)
One Stock Analysts Are Watching - US Energy Corp. (USEG)
- March 19, 2017

Prudential Financial Inc. now owns 894,098 shares of the oil and gas exploration company's stock valued at $5,606,000 after buying an additional 98,497 shares during the period. Chesapeake Energy presently has a consensus rating of "Hold" and a consensus price target of $7.31. The stock touched its high share price of $8.2 on Dec 12, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on April 5, 2016 as $3.53. (more...)
US Supports Fair Trade But Rejects Ban on Protectionism US Supports Fair Trade But Rejects Ban on Protectionism
- March 19, 2017

It said that countries "are working to strengthen the contribution of trade" to their economies. The outcome marked a win for Trump, whose "America First" agenda and anti-globalization rhetoric has spooked allies. Seeking to put America first, Trump also has started the process to renegotiate the North American Free Trade Agreement with Mexico and Canada. That stance has grated Washington's partners, who are trying to persuade US Treasury Secretary Steven Mnuchin to renew a long-standing ... (more...)
Rock 'n' Roll pioneer Chuck Berry no more Rock 'n' Roll pioneer Chuck Berry no more
- March 19, 2017

Berry's rocking groove and comic spirit inspire Creedence Clearwater Revival's sci-fi "It Came Out of the Sky", while Seger's "Rock and Roll Never Forgets" consciously brings Berry's teen world into adult life. The department said it responded to a medical emergency Berry's home at about 12:40 p.m . on March 18. Charles Edward Anderson Berry Sr. was pronounced dead at 1:26 pm. (more...)
G20 Finance Ministers Fail to Agree on Free Trade Following US Pressure G20 Finance Ministers Fail to Agree on Free Trade Following US Pressure
- March 19, 2017

BADEN-BADEN, Germany-World finance chiefs clashed Friday over the future of global trade, anxious that protectionist tendencies could tilt the global economy back into the doldrums and stir up cross-border tensions. Yet the United Kingdom's vote previous year to leave the European Union and its free trade zone and Trump's victory on an "America First" platform have underlined discontent with trade and globalization and a sense among many that the benefits of a globalized economy - that is, ... (more...)
G 20 finance summit underway in Baden Baden G 20 finance summit underway in Baden Baden
- March 19, 2017

The conspicuous omission came amid a push by U.S. President Donald Trump to pursue an "America First" policy that includes penalising companies that manufacture overseas by heavily taxing their products. Zhou Xiaochuan are scheduled to hold a bilateral meeting in Baden-Baden, one of the G-20 officials said. It did, however, say: "We reaffirm our commitment to rationalise and phase out, over the medium term, inefficient fossil fuel subsidies that encourage wasteful consumption , recognising ... (more...)
Mnuchin at G-20: United States wants free but fair and balanced trade Mnuchin at G-20: United States wants free but fair and balanced trade
- March 19, 2017

Since President Donald Trump has taken office, he has been vocal in pursuing an "America First" policy and has warned firms would face "consequences" if they moved business operations overseas. "I think that accurately reflects what we as a group talked about". But the mostly genteel talks in the spa-town of Baden-Baden can't hide the risk of a fundamental cleft opening up in economic policy. (more...)
Stocks Roundup: Cliffs Natural Resources Inc. (CLF), Anthera Pharmaceuticals, Inc. (ANTH) Stocks Roundup: Cliffs Natural Resources Inc. (CLF), Anthera Pharmaceuticals, Inc. (ANTH)
- March 19, 2017

This rating was issued on 11/30/16. ATR can display volatility of stocks, ETFs and indexes. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Hence, the surprise factor was -170.6 percent. If we look a bit deeper, we can understand more about how the market is pricing the company in a more nuanced sense. (more...)
Alma and Mt. Pleasant JCPenney stores not closing
- March 19, 2017

JCPenney's locations in Alma, at 1680 Wright Ave., and Mt. Liquidation of the affected stores will begin April 17 and 5,000 jobs will be cut or otherwise affected. "We understand that closing stores will impact the lives of many hard working associates, which is why we have made a decision to initiate a voluntary early retirement program for approximately 6,000 eligible associates", Marvin R. (more...)
German factory orders seen rebounding from biggest fall in eight years German factory orders seen rebounding from biggest fall in eight years
- March 19, 2017

Factory orders decreased 7.4 percent in January from December, the biggest fall since January 2009, when orders plunged 7.7 percent, Destatis reported Tuesday. "The trend in industrial production should still point upwards in the coming months". New orders are highly volatile, but the fluctuations and size of volatility since late-summer have been nearly unprecedented, Carsten Brzeski, an ING economist, said. (more...)
G-20 Drops Anti-Protectionist Pledge as Trump Stance Goes Global G-20 Drops Anti-Protectionist Pledge as Trump Stance Goes Global
- March 19, 2017

The Group of 20 (G-20) nations, meeting in Germany, said in a communique that they are "working to strengthen the contribution of trade to our economies". Ministers had "reached an impasse and dead end" on protectionism, German Finance Minister Wolfgang Schaeuble said after he made a last-ditch effort to try to forge a consensus on the issue. (more...)
Monthly MetroCard Price Going Up Monthly MetroCard Price Going Up
- March 19, 2017

Beginning on March 19th, the base fare will still be at $2.75, although transit riders will get a lower bonus rate on the pay-per-ride MetroCard. The express bus fare will also stay at $6.50. For those looking to save some cash on their daily commute, stock up on 11 percent bonus cards, specifically the $40 MetroCards with a $4.40 bonus. (more...)
Stressing free trade, US Treasury Secretary Steven Mnuchin shrugs off G20 outcry Stressing free trade, US Treasury Secretary Steven Mnuchin shrugs off G20 outcry
- March 19, 2017

The United States on Saturday challenged long-standing global principles surrounding free trade, refusing to renew past anti-protectionist pledges and threatening to reopen negotiations on World Trade Organization deals. The summit of finance ministers from the Group of 20 countries comprising more than 80 percent of the global economy is in progress in the southern German resort town of Baden-Baden. (more...)
G-20 finance chiefs to keep past currency pledges G-20 finance chiefs to keep past currency pledges
- March 19, 2017

And now the anti-trade and anti-globalisation zealots in the Trump administration have transformed what was once the strongest voice for free trade, and won an important symbolic victory in the gathering of the world's most powerful governments. (more...)
Zurich Insurance Group Ltd FI Lowers Stake in US Bancorp (USB)
- March 19, 2017

A number of other institutional investors have also recently made changes to their positions in the company. Based on the filings, last years Annual Earnings was, $3.24. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 1.2%. 05/01/2014 - Porter Bancorp, Inc. (more...)
Trump Seeks Deep Cuts in Education and Science Trump Seeks Deep Cuts in Education and Science
- March 19, 2017

The money would also allow the hiring of 500 more Border Patrol agents and 1,000 additional Immigration and Customs Enforcement agents. Schumer turned to the pool of chuckling reporters and photographers. Trump's plan would cut the budgets for the Department of State and the U.S. Agency for International Development by 28 percent. New drug fees are now more than $2 million per application, and any change will need to be confirmed by Congress. (more...)
Dutete: I can't stop China from building station in Panatag Shoal Dutete: I can't stop China from building station in Panatag Shoal
- March 19, 2017

Manila, which previously fought China's claims to the shoal vigorously, has wavered in its opposition to Beijing in recent months with President Rodrigo Duterte flip-flopping on the issue. "Iyong right of passage niya, anybody can". Duterte said if American naval ships were allowed to cross Philippine territory, Chinese coast guards should be able to do so as well. (more...)

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