Finance


Sears closes another 20 stores Sears closes another 20 stores
- June 24, 2017

Riefs said in his email the number of affected employees is not publicly available. Though it reported even lower EBITDA, revenue and a larger net loss over past year, Sears Canada has acquired $109 million in order to continue restricting the company, and has apparently seen rewards of this approach with same-store sales increasing by 2.9% in Q1-17 compared to Q1-16. (more...)
Fed: Biggest US banks strong enough to withstand recession Fed: Biggest US banks strong enough to withstand recession
- June 23, 2017

Jerome Powell said in a statement. The Fed said the losses would reduce the banks' high-quality capital from 12.5 percent of its loans in the fourth quarter past year to 9.2 percent at the end of 2017. The bank said it would have a minimum Tier 1 common ratio of 7.9 percent and a minimum Tier 1 risk-based capital ratio of 9.6 percent. This is the seventh year in a row the Fed has run stress tests, which were put in place after the financial crisis. (more...)
Amazon buying Whole Foods, making strong move into groceries
- June 20, 2017

Amazon already offers grocery-delivery services in five markets, but the Whole Foods purchase would let it expand to many more. " Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy ", Amazon's founder and Chief Executive Officer Jeff Bezos said. (more...)
Church calendar for Saturday, June 17
- June 18, 2017

Installation Service , 4 p.m., Hills Creek Baptist Church , Gladys, for pastor-elect the Rev. Joseph T. Charlton, our guest speaker will be the Rev. Vacation Bible School , 6 p.m., Staunton Baptist Church , Long Island, Tuesday through Friday. Guildfield Missionary Baptist Church , 8657 Franklin Turnpike, Dry Fork, will hold VBS from 6 to 8 p.m. (more...)
Oil stocks dip, but gasoline inventories rise
- June 15, 2017

USA crude inventories added 2.75 million barrels last week , while gasoline stockpiles increased by 1.79 million barrels last week, the API said Tuesday, according to people familiar with the data. Some non-OPEC countries, such as Russia, Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Sudan, and South Sudan promised to cut output by 600,000 barrels per day, beginning from January 1, 2017. (more...)
Scotland and England draw after three goals in final six minutes
- June 11, 2017

Harry Kane's injury-time goal gave England a 2-2 draw in a insane finish to their World Cup qualifier against hosts Scotland on Saturday in Glasgow . Griffiths felt Scotland had done themselves proud, despite not being able to hold on for what would have been a famous win. The questions around us centre on character, centre on the ability to withstand things that go against you and that is what we have to show. (more...)
Trump proposes privatizing United States air traffic control system
- June 08, 2017

In exchange, controllers would get guarantees that they would retain their benefits, salaries and union representation. Opponents, including Delta Air Lines , say the USA system is so large that privatization would not save money, and would drive up ticket costs and could create a national security risk. (more...)
Oil price outlook grows more gloomy despite OPEC cut extension
- June 06, 2017

Oil rebounded from the lowest close in more than two weeks after industry data showed US crude stockpiles extended declines, easing an inventory overhang. During the reporting period, the Organization of Petroleum Exporting Countries and its partners extended their existing cuts by nine months. OPEC last week discussed reducing output by a further 1% to 1.5%, and could revisit the proposal should inventories remain high, sources told Reuters . (more...)
Fox News finds itself in unaccustomed spot _ out of first Fox News finds itself in unaccustomed spot _ out of first
- May 28, 2017

For the same time period, MSNBC averaged 2.4 million total views during the weekday, with Fox in second at 2.41 million and CNN third with 1.65 million. slot for "AC 360" for five straight days last week over Fox and MSNBC. But the new lineup could not withstand a news cycle that was likely tough for its Trump-supporting conservative viewers to watch. (more...)
Senate votes to confirm Branstad as ambassador to China Senate votes to confirm Branstad as ambassador to China
- May 25, 2017

Branstad to Gov. Reynolds", he said. "And I know she's got to earn it by what she does but I think she's proven to me that she's ready to do the job and do it well", Branstad said on Tuesday. She told an audience Wednesday at the Iowa Capitol she wants to reform the state tax code and encourage innovation in energy production, especially wind power and renewable fuels. (more...)
Trump condemns 'evil losers' who carried out Manchester terror attack Trump condemns 'evil losers' who carried out Manchester terror attack
- May 24, 2017

President Trump said that it's absolutely atrocious that these "beautiful young people were just going about and enjoying their life" while these utter "losers in life" killed them. At least 22 people were killed by an apparent suicide bomber. Greater Manchester Police chief constable Ian Hopkins, confirmed the attack was carried out by one man although detectives were still trying to establish if he "was acting alone or as part of a network". (more...)
Highlights from the 2017 London Sevens Highlights from the 2017 London Sevens
- May 22, 2017

Trailing 21-0 at half-time it seemed like that sorry statistic had the shelf life of atomic waste. They kept playing and clawed their way back into contention. The two former Melrose players are bowing out and both were hugely influential through the weekend, Robertson being named player of the final after being involved in setting up both tries. (more...)
Union: Up to 40K walking off the job at AT&T this weekend
- May 20, 2017

In California and Nevada, around 17,000 AT&T workers who provide phone, landline and cable services have been working without a contract for more than a year. The picketting is set to kick off at 3:00PM Eastern time on Friday. "The brief grievance strike has been resolved and employees are returning to work today", an AT&T spokesman told Consumerist at the time. (more...)
Pippa Middleton has HUGE glass marquee installed in garden Pippa Middleton has HUGE glass marquee installed in garden
- May 16, 2017

Sources have told the Mail that Pippa's father is tearing his hair out at the complexity of the arrangements. But what we do know, per a new E! report , is how Pippa, reportedly, has been preparing for the wedding. Andrea says that many couples have a wedding reception and then an after-party, so many guests and the bride and groom change outfits . Is this a trend? Days out from arguably the most anticipated wedding of the year , preparations are in full swing before Pippa Middleton ... (more...)
Hackers might have stolen unreleased movie from Disney
- May 16, 2017

The hackers have threatened to release the first five minutes of the film and subsequently in 20-minute chunks until the ransom is paid, The Hollywood Reporter says. But a person with knowledge of the situation who was not authorized to comment said the movie that was hacked was the new " Pirates of the Caribbean " sequel. (more...)
G-7 nations seek ways to make growth help more people
- May 15, 2017

Treasury Secretary Steven Mnuchin was in attendance and confirmed that cybersecurity would continue to be a main talking point for the world's seven most advanced economies. The talks, the first Group of Seven outing for US Treasury Secretary Steven Mnuchin, followed the overnight announcement of a surprise trade accord between Washington and China. (more...)
Miner BHP Billiton rebrands as BHP Miner BHP Billiton rebrands as BHP
- May 15, 2017

The campaign was developed at various locations, including BHP birthplace, Broken Hill in New South Wales. BHP will also unveil a new logo, with the orange coloured globules that now sit above the Billiton portion of the existing design to disappear. (more...)
USA clothing retail sales slip in April USA clothing retail sales slip in April
- May 13, 2017

Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. Retail sales growth slowed again in April compared to recent months, dragged down by a drop in department and apparel specialty store performance. (more...)
Tesla starts selling solar roof; says savings to cover costs Tesla starts selling solar roof; says savings to cover costs
- May 13, 2017

Musk described the roof to reporters as a critical step toward a world that runs on sustainable energy. Even though the cost of generating solar energy has been reducing every year, according to Nature America , the high price of solar roof panels has been an impediment that has stopped the technology from going mainstream. (more...)
U.S. revises up global petroleum supply forecasts U.S. revises up global petroleum supply forecasts
- May 13, 2017

According to OPEC's latest Monthly Oil Market Report for May released on Thursday , Nigeria's output was put at 1.484 million bpd for April, from 1.21 million bpd in March, which was based on direct communication. shale" struggle will never be a battle to the death. The Saudis convinced OPEC to cut production to raise prices in November, but OPEC countries can't cope with low crude prices and already appear to be cheating to balance their national budgets. (more...)
Wall Street 'fear index' plumbs two-decade low Wall Street 'fear index' plumbs two-decade low
- May 10, 2017

On the Nasdaq, 1,501 issues rose and 1,233 fell. Will volatility return to US equity markets? The euro hit a six-month high against the dollar after Macron comfortably defeated far-right nationalist Marine Le Pen who had threatened to take France out of the European Union. (more...)
Hertz Shares Plunge After Company Widens Loss, Misses Expectations
- May 10, 2017

Pacad Investment Ltd. increased its stake in shares of Hertz Global Holdings by 75.1% in the fourth quarter. The stock remained 4.93% volatile for the week and 3.07% for the month. During the same quarter in the prior year, the business posted $0.05 EPS. (NYSE: HTZ ) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. (more...)
More tech use, agressive line in war on Naxals More tech use, agressive line in war on Naxals
- May 09, 2017

He said the newly formed "Bastaria battalions" comprising local tribal people will be a game-changer in the fight against the Left wing extremists. Around 12,000 people have lost their lives to Maoist violence in last 20 years, he said, expressing "confidence that together, with the new strategy and new force, we will confront the Naxals and will be successful against them". (more...)
Patanjali looks at doubling production in a year Patanjali looks at doubling production in a year
- May 06, 2017

Yoga guru Ramdev today asserted that "we would grow more than double this year". Ramdev went on to say that Patanjali was looking at a growth rate of 100% for FY 2017-'18. The company is now planning to double the revenue to Rs.21,000 for this fiscal year. People try to spread rumours about Patanjali. "We have good quality, affordable prices, and are ploughing back profits for product innovation". (more...)
Google Settles Italian Tax Fight For $334 Million Google Settles Italian Tax Fight For $334 Million
- May 06, 2017

The company has defended the legality of channelling European earnings through its base in Ireland, which has one of the lowest corporate tax rates in the European Union. The Commission previous year accused Ireland of helping Apple to artificially lower its tax bill for two decades and ordered the government to claw back a record-breaking €13bn. (more...)
Make the National Day of Prayer a priority this Thursday Make the National Day of Prayer a priority this Thursday
- May 06, 2017

Then, one-by-one as they felt led, the participants stepped to the center and offered public prayers for unity in the government, the church, the military, families, education, media and business as part of the annual National Day of Prayer . (more...)
UFC creates 4th weight class for women, adding 125-pounders UFC creates 4th weight class for women, adding 125-pounders
- May 04, 2017

Sports that it has not been finalized and the emailed news release was sent in error. This isn't the first time the UFC has decided on an inaugural champion for a new division via TUF, as the first ever women's strawweight champion was crowned on TUF 20. (more...)
US trade deficit edges lower in March US trade deficit edges lower in March
- May 04, 2017

Statscan revised February's deficit to $1.08 billion from an initial $972 million. Shortly afterwards, the USA administration slapped tariffs on Canadian exports of softwood lumber and complained about Canada's dairy sector, helping to sink the Canadian dollar to 14-month lows. (more...)
The Goodyear Tire & Rubber Company (GT): Investors Traded Stock The Goodyear Tire & Rubber Company (GT): Investors Traded Stock
- April 30, 2017

Goodyear Tire & Rubber Co. reported Friday first-quarter net earnings that fell to $166 million, or 65 cents a share, from $184 million, or 68 cents a share, in the same period a year ago. Finally, Northcoast Research cut Cooper Tire & Rubber Co from a "buy" rating to a "neutral" rating in a report on Tuesday, April 18th. On 11/16/2016 John J Holland, Director, sold 4,000 with an average share price of $37.86 per share and the total transaction amounting to $151,440.00. (more...)
Oil prices regain some ground, but oversupply weighs
- April 27, 2017

United States petrol stocks posted a counter-seasonal build of 1.5-million barrels, because of rising refining activity. U.S. West Texas Intermediate crude futures traded down 46 cents at $52.19 a barrel. Russian Federation and 10 other non-OPEC producers agreed to cut half as much.The accord has lifted oil prices, which are near $55 a barrel. The surprise build, along with an increase in U.S. (more...)
Yahoo! CEO Mayer Set to Make $186 Million From Verizon Deal Yahoo! CEO Mayer Set to Make $186 Million From Verizon Deal
- April 27, 2017

Mayer has about $84 million in stock options and $25 million in restricted stock units, according to the Monday filing. The payday comes in the form of 4.5 million shares, options, and restricted units of Yahoo stock that she will receive once the Verizon sale is official, which is expected to be in June. (more...)
U.S. Urges China to Open Trade After Sparing It Manipulator Tag
- April 26, 2017

China met only one of the three criteria required to be labeled a currency manipulator - a large trade surplus with the United States - while Germany also met a second: a current account surplus amounting to more than three percent of the nation's economic output. (more...)
FCC Chairman Expected to Outline Net Neutrality Plans on Wednesday FCC Chairman Expected to Outline Net Neutrality Plans on Wednesday
- April 26, 2017

Broadband providers and Republican lawmakers have opposed the rules, saying the reclassification adds unnecessary regulation that deters deployment and other investment in their networks. In his latest move to relax regulation of the telecom industry, Pai will use a speech in Washington to repeat his opposition to the FCC's existing approach, which subjects the likes of AT&T, Charter, Comcast* and Verizon to old telephone utility rules to ensure they aren't blocking or slowing web traffic. (more...)
AT&T unexpectedly loses postpaid subscribers in first quarter (T, TWX) AT&T unexpectedly loses postpaid subscribers in first quarter (T, TWX)
- April 26, 2017

AT&T (T -0.2%) is up 1.2% now in choppy early postmarket action after reporting Q1 earnings that met profit expectations but recorded a billion-dollar miss on revenues. Dallas, Texas-based telecom giant's first-quarter profit dropped to $3.56 billion or $0.56 per share from $3.89 billion or $0.61 per share past year. (more...)
HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy' HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy'
- April 26, 2017

On Tuesday, August 18 the stock rating was upgraded by TheStreet to "Hold". The firm earned "Sell" rating on Friday, August 12 by Berenberg. The rating was maintained by Investec on Tuesday, October 6 with "Buy". Out of 8 Wall Street analysts rating Vonage, 7 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". RPC Group PLC has GBX 1250 highest and GBX 700 lowest target. (more...)
French election: Gloves off as Le Pen aide calls Emmanuel Macron 'arrogant'
- April 25, 2017

Will "respectable" right-wingers and reactionaries find Marine Le Pen too "vulgar" to vote for? He has recruited a number of security experts to his entourage, and noted that Le Pen has less experience of national government than he does. (more...)
LVMH to consolidate hold on Dior in multibillion-euro deal LVMH to consolidate hold on Dior in multibillion-euro deal
- April 25, 2017

French luxury group LVMH has agreed to acquire fashion brand Christian Dior's final 26 %. For the last 12 months which ended March 31, Christian Dior reported revenue in excess of 2 billion euros, with an operating profit of 270 million euros. (more...)
PPG Industries ups bid for Akzo Nobel to $28.8B PPG Industries ups bid for Akzo Nobel to $28.8B
- April 25, 2017

This is made up of €61.50 in cash and 0.357 shares of PPG common stock. It previously offered to buy Akzo Nobel for $22 billion, but the bid was rejected. "We are extending this one last invitation to you and the AkzoNobel boards to reconsider your stance and to engage with us", PPG Chief Executive Michael McGarry said in a statement on Monday. (more...)
Turkey hits Kurdish areas in Iraq's Sinjar and north-east Syria
- April 25, 2017

The targeted regions have become "terror hubs" for the PKK, which were used as an ammunition and terrorist source for PKK attacks within Turkey, the statement added. The strike on Karacok in Syria was confirmed by YPG, a Kurdish militant group that Turkey says is an extension of the PKK. The peshmerga are the Kurdish Regional Government's armed forces and the asayish its intelligence service. (more...)
Chappell edges Koepka by 1 stroke to win Texas Open Chappell edges Koepka by 1 stroke to win Texas Open
- April 24, 2017

Laird finished his day with a wonderful birdie on the par-5 18th hole. Cauley bogeyed the first hole, and his co-leader Finau parred until bogey at No. "Obviously, the golf course hit me in the chin real hard early". "I feel like I've made some strides mentally and physically". Chappell will be hoping for a solid start when the final round gets underway and the overnight leader spoke about his delight at being able to turn his performance on Saturday around. (more...)

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