Business


Sterling bounces after Yellen speech though outlook bleak
- August 28, 2017

CURRENCIES: The euro was down 0.1 percent at $1.18 while the dollar rose 0.3 percent to 109.39 yen. The euro was a shade higher at $1.1924 after rising to $1.1966, its highest since January 2015. One goal of the changes enacted since the crisis is to guard against problems that regulators do not anticipate. The major averages eventually ended the session modestly lower. (more...)
Space Coast gas prices set to go up because of Hurricane Harvey Space Coast gas prices set to go up because of Hurricane Harvey
- August 28, 2017

That will lead to higher prices all across the country. That could mean a gallon of regular-grade gasoline could exceed $3 for the first time in two years. According to GasBuddy.com, the average retail gas prices in Indianapolis have risen 16.7 cents per gallon in the past week, averaging $2.37 per gallon Saturday. (more...)
Indian shares gain; Infosys rallies as Nilekani takes helm Indian shares gain; Infosys rallies as Nilekani takes helm
- August 28, 2017

Mint reported on 23 August that Nilekani, who cancelled a previously planned trip to the USA this week, was very upset at the board's angry statement and that he had been meeting Murthy every day since. Analysts opine that the Infosys stock is expected to stay rangebound as the search for a new CEO (Chief Executive Officer) continues. Shaw has been heading the NRC since Infosys's board meeting in July. (more...)
Eli Lilly and Company Given "Buy" Recommendation from Jefferies Group
- August 28, 2017

Salient Capital Advisors Llc who had been investing in Lilly Eli Co for a number of months, seems to be less bullish one the $86.75B market cap company. Lastly, Farmers & Merchants Investments raised its position in Eli Lilly and by 0.4% in the Q1. Oak Associate Oh reported 0.16% stake. Howland Capital Management has an ownership of 5,072 stocks of the firms shares valued $427,000 after scooping up an extra 195 stocks in the previous period. (more...)
United States stocks end higher; oil shares boosted by hurricane
- August 28, 2017

WTI Crude Oil prices are 0.6% higher trading at $47.80 a barrel. European Central Bank President Mario Draghi , speaking at the Federal Reserve's annual retreat in Jackson Hole, Wyoming , said it was a particularly risky time to loosen regulation given that central banks are still supporting their economies with accommodative monetary policies. (more...)
Recode: Uber chooses Expedia's Khosrowshahi as next CEO Recode: Uber chooses Expedia's Khosrowshahi as next CEO
- August 28, 2017

Despite these deep fractures, one of which is the subject of a lawsuit , all sides have agreed on the importance of appointing a new chief executive as soon as possible. At the hotel, security guards patrolled the 20th floor and didn't allow a BuzzFeed News reporter to wander the hallways. She claimed that on her first day as a programmer and engineer, her manager sexually propositioned her over the company's internal chat system, but management dismissed her concerns. (more...)
Now, RBI to come out with new Rs 1000 note Now, RBI to come out with new Rs 1000 note
- August 28, 2017

As per it, at the end of March 2017, there were Rs 8,925 crore worth of Rs 1,000 notes still in "circulation". The Rs 1,000 note will ease day-to-day operations and be beneficial to the common man, especially in the rural and semi-urban areas which are dominated by low-value transactions. (more...)
Analog Devices, Inc. (ADI) on Focus After Forming Head & Shoulders
- August 28, 2017

Cohen & Steers Inc reported 0% in Analog Devices, Inc. Manchester Capital Management LLC now owns 2,166 shares of the semiconductor company's stock worth $178,000 after buying an additional 498 shares in the last quarter. Forbes J M Co Limited Liability Partnership has invested 0.07% in Analog Devices, Inc. (NASDAQ:ADI) news were published by: Marketwatch.com which released: "Analog Devices names Prashanth Mahendra-Rajah its new CFO" on August 16, 2017, also Seekingalpha.com with their ... (more...)
Jackson Hole responses roll in ... Jackson Hole responses roll in ... "disappointing those looking for clues on outlook"
- August 28, 2017

There are no domestic data releasing today, so focus will be on U.S. Federal Reserve Chief Janet Yellen and European Central Bank President Mario Draghi's speeches later this afternoon. government", said Rob Haworth, senior investment strategist of U.S. Bank Wealth Management. The Dow Jones Industrial Average .DJI closed up 30.27 points, or 0.14 percent, to 21,813.67. (more...)
Oil steady as storm heads into Gulf of Mexico Oil steady as storm heads into Gulf of Mexico
- August 28, 2017

The dollar fell after Federal Reserve Chair Janet Yellen made no reference to USA monetary policy in her speech at the annual central bank research conference in Jackson Hole, Wyoming. U.S. WTI crude futures were at $47.83 a barrel at 0703 GMT, up 40 cents, or 0.8 percent, from their last settlement. Oil rose and gasoline eased gains amid anticipation of Hurricane Harvey. (more...)
Commonwealth 'culture' inquiry -- right idea, wrong inquirer Commonwealth 'culture' inquiry -- right idea, wrong inquirer
- August 28, 2017

It will consider would "at a minimum ... whether the group's organisational structure, governance, financial objectives, remuneration and accountability frameworks are conflicting with sound risk management and compliance outcomes". The bank last week posted record annual profits of Aus$9.93 billion (US$7.86 billion) for the year to June 30, while also announcing chief executive Ian Narev would retire following the AUSTRAC allegations. (more...)
Lin Dan storms into final, to face Axelsen Lin Dan storms into final, to face Axelsen
- August 28, 2017

Axelsen, the bronze medalist at last year's Rio Olympics, saved the game point and scored three points in a row for a 22-20 victory. "I am very exhausted", said Okuhara, who won the bronze medal at the 2016 Olympics in Rio, where Sindhu was the silver medalist. (more...)
Crown Holdings (CCK) Earning Somewhat Positive Press Coverage, Analysis Shows Crown Holdings (CCK) Earning Somewhat Positive Press Coverage, Analysis Shows
- August 28, 2017

It has underperformed by 9.20% the S&P500. Mountain Lake Investment Management Llc increased Avis Budget Group (CAR) stake by 8.39% reported in 2016Q4 SEC filing. Fund Mngmt holds 0.03% of its portfolio in Crown Holdings, Inc. Peak6 Ltd Partnership holds 0% or 6,061 shares in its portfolio. Moreover, Pub Employees Retirement Association Of Colorado has 0.01% invested in Crown Holdings, Inc. (more...)
Western Digital to offer £13.5bn for Toshiba's memory chip biz Western Digital to offer £13.5bn for Toshiba's memory chip biz
- August 28, 2017

Banking groups SMBC and Mizuho will also each extend about 700 billion yen in loans to get it over the line, while Toshiba will maintain a 100 billion yen stake in the business. Western Digital has drastically upped its original low-ball bids to more-or-less meet Toshiba's target price of two trillion yen (around $18bn). Western Digital co-owns NAND flash manufacturing facilities in Japan with Toshiba Memory Corporation, the business that Toshiba is now auctioning off. (more...)
Vodafone Group PLC (VOD) Shares Sold by GFS Advisors LLC Vodafone Group PLC (VOD) Shares Sold by GFS Advisors LLC
- August 28, 2017

Aviance Capital Management Llc decreased Vodafone Group Plc ( VOD ) stake by 66.24% reported in 2016Q4 SEC filing. Appleton Partners Inc sold 23,669 shares as Vodafone Group Plc New Sponsor (VOD)'s stock rose 16.21%. Vodafone Group Plc (Vodafone) is a telecommunications company. The company has market cap of $75.47 billion. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). (more...)
About 25 percent of US Gulf oil output offline due to Harvey About 25 percent of US Gulf oil output offline due to Harvey
- August 28, 2017

Gasoline prices hit two-year highs as massive floods caused by the storm forced refineries across the U.S. Gulf Coast to shut down. Harvey was downgraded from a hurricane to a tropical storm by the NHC late on Saturday. There may also be around 300,000 bpd of onshore US production shut in, trading sources said. Nevertheless, West Texas Intermediate crude futures were down 22 cents to $48.19 a barrel around 8 a.m. (more...)
Former Ironman Dean Mercer Dead After Car Crash On Gold Coast Former Ironman Dean Mercer Dead After Car Crash On Gold Coast
- August 28, 2017

The well-known retired athlete and Gold Coast resident was reported to have died after suffering cardiac arrest in the emergency room of Gold Coast University Hospital this morning. Other sports stars offered their condolences to his family and paid tribute to his enormous talents as a surf livesaver. He became a professional Ironman at the age of 15 and competed for the last time at 40 in the gruelling Coolangatta Gold. (more...)
Perrigo Co PLC (NYSE:PRGO) Institutional Investors Sentiment Falls in 2016 Q4
- August 28, 2017

The stock of PHH Corporation (NYSE:PHH) earned "Market Perform" rating by Wood on Thursday, August 11. The firm has "Buy" rating by Oppenheimer given on Wednesday, June 21. On Friday, November 11 the stock rating was upgraded by Bank of America to "Neutral". The stock presently has a consensus rating of Hold and a consensus price target of $86.83. (more...)
State Government issues warning about ticket reseller Viagogo State Government issues warning about ticket reseller Viagogo
- August 28, 2017

Kean was unable to say what further action his office or the NSW Fair Trading could or planned to take when asked about it this morning. In April this year consumer group Choice launched an global survey of the ticket resale market, revealing ticket price mark-ups of up to 327 per cent at range of platforms including Viagogo, Ticketmaster Resale Australia and StubHub. (more...)
USA oil inventories down by 3.3 mln bbls USA oil inventories down by 3.3 mln bbls
- August 28, 2017

Oil markets were happy to hear that summer isn't over just yet, as the USA government reported another decline in crude and gasoline stockpiles. The amount of oil production offline increased from Friday, when roughly 22 percent of output was affected. (more...)
Arrests, Assaults as Antifa Unleashes Violence on Right-Wing Protesters in Berkeley
- August 28, 2017

More than 3,000 people have said they will attend. Police in Berkeley, across San Francisco Bay from the larger city, had set up barricades around a park where the rally was to have taken place Sunday. According to the Washington Post , "Anti-rally protesters chanted slogans "No Trump". The Chronicle reported that some participants carried "signs reading 'Berkeley stands united against hate, ' 'Queers against hate, ' and 'End white supremacy, '" while others handed out "no hate" shields. (more...)
CBS creeps into Aust market with Ten buy CBS creeps into Aust market with Ten buy
- August 28, 2017

The deal includes linear network TEN, the DTT services ELEVEN-in which CBS holds a 33-percent stake-and ONE, and the online platform TENPLAY. CBS Studios International president and CEO, Armando Nuñez, said Network Ten and CBS have enjoyed a close working relationship for almost two decades. (more...)
Whiting Petroleum Corporation (WLL) -7.41% away from 20 SMA
- August 28, 2017

The SI to Whiting Petroleum Corporation's float is 21.75%. About 3.87M shares traded. Whiting Petroleum Corp (NYSE:WLL) has declined 20.87% since August 25, 2016 and is downtrending. It now has negative earnings. Investors sentiment decreased to 1.17 in 2016 Q4. Its down 0.14, from 1.31 in 2016Q3. The ratio has dropped, as 155 active investment managers increased and opened new positions, while 132 reduced and sold positions in Whiting Petroleum Corp. (more...)
Summary of Analyst Ratings Tips: Lear Corporation (LEA), National Instruments Corporation (NATI)
- August 28, 2017

It has outperformed by 10.05% the S&P500. The Bank is a diversified financial services company. It has a 12.02 P/E ratio. The Bank provides consumer and business banking products through its branchless, low-priced distribution channels and affinity partners. (more...)
Oil platforms being evacuated due to Tropical Storm Harvey
- August 28, 2017

US light crude, also known as West Texas Intermediate or WTI, was up 30 cents at $47.73 a barrel by 1015 GMT. The meeting, which could signal changes to monetary policy, will include speeches by U.S. Energy companies have pulled workers from offshore oil platforms and halted onshore drilling in south Texas. BSEE tabulates the data by polling 30 Gulf operators. (more...)
Uber back on the road once it pays P190-M fine Uber back on the road once it pays P190-M fine
- August 28, 2017

The LTFRB also ordered Uber to proceed with its promised financial assistance (of P19 million daily) to the peer-operators, whom the agency said had been victims of Uber's failure to apprise them of the regulatory risks it had been facing. Poe, along with Sens. Aside from the fine, LTFRB was also ordered to collectively pay its partners almost P20 million per day until its services will be restored. (more...)
Federated Investors Inc. PA Lowers Position in United Continental Holdings, Inc. (UAL)
- August 28, 2017

United Continental Holdings Inc (NYSE: UAL ) has risen 77.19% since August 26, 2016 and is uptrending. Athersys Incorporated (NASDAQ:ATHX) had an increase of 1.45% in short interest. The stock of BioTelemetry, Inc. Citigroup maintained it with "Buy" rating and $117 target in Thursday, August 11 report. The firm has "Buy" rating given on Thursday, August 11 by Goldman Sachs. (more...)
General Motors' (GM) "Hold" Rating Reiterated at Buckingham Research
- August 28, 2017

The stock increased 2.07% or $0.15 on August 25, reaching $7.4. IFC Holdings Incorporated FL boosted its stake in shares of Ford Motor by 22.5% in the first quarter. Lesa Sroufe And invested in 20,000 shares. Assetmark owns 289,876 shares for 0.15% of their portfolio. Moreover, Bluemountain Capital Management Llc has 2.15% invested in the company for 7.45 million shares. (more...)
In Israel : Government finalises deal for 17 more F-35 stealth fighters In Israel : Government finalises deal for 17 more F-35 stealth fighters
- August 28, 2017

Both "Adir" fighter wings will be "the pinnacle of technology", said the ministry, and will help IDF air and ground forces meet the security challenges faced by the State of Israel, in addition to playing a central role in the defending the security of Israeli citizens. (more...)
Harvey halts Gulf of Mexico oil production Harvey halts Gulf of Mexico oil production
- August 28, 2017

International Brent crude futures were at $52.53 per barrel, up 49 cents, or 0.9 percent, from their last close. The meeting, which could signal changes to monetary policy, will include speeches by U.S. Gulf Coast conventional cash gasoline prices for shipment on the Colonial Pipeline were seen hitting a near three-year high. Despite this, U.S. crude stocks fell last week and gasoline stocks were down as well, the Energy Information Administration said. (more...)

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