Finance


Carrier factory union chief standing ground against Trump Carrier factory union chief standing ground against Trump
- December 09, 2016

Trump responded to Jones' criticism late Wednesday with a pair of Tweets in which the president-elect said Jones "has done a awful job representing workers" and that "if United Steelworkers was any good they would have kept those jobs in IN". (more...)
Oil price retreats from 18-month peak on high OPEC output
- December 07, 2016

After rising over 15 percent over the four sessions since the November 30 OPEC meeting, Brent futures were down $1.25, or 2.3 percent, to $53.69 a barrel at 10:13 a.m. A market snapshot from S&P Global Platts said the OPEC agreement could be thwarted if US oil production increases along with crude oil prices . In November, OPEC produced nearly 1.7 million barrels per day more than its proposed cap. (more...)
WINTON GROUP Ltd Invests $15691000 in Marvell Technology Group Ltd. (MRVL) WINTON GROUP Ltd Invests $15691000 in Marvell Technology Group Ltd. (MRVL)
- December 07, 2016

Dimensional Fund Advisors LP now owns 6,455,008 shares of the company's stock worth $61,514,000 after buying an additional 512,782 shares during the period. Marvell Technology Group's dividend payout ratio is now 114.29%. The Netherlands-based Delta Lloyd Nv has invested 0.01% in Marvell Technology Group Ltd . (more...)
Chinese firm buys British pub that state leader visited Chinese firm buys British pub that state leader visited
- December 07, 2016

The Plough at Cadsden has been snapped up by SinoFortone Investment, a Chinese-backed enterprise with grand designs to transform it into an worldwide pub chain. "We see bigger opportunities, namely countries lying between China and Europe, where we believe we could export the United Kingdom brand internationally". (more...)
Group proclaims victory over Dakota Access Pipeline decision
- December 07, 2016

The MAIN Coalition, made up of agriculture, business and labor entities that benefit from Midwest infrastructure projects, hopes Trump will pave the way for completion of the project. They believe the pipeline threatens the tribe's drinking water, and cultural sites. The chief executive of pipeline owner Energy Transfer Partners , Kelcy Warren, donated to Trump's campaign. (more...)
Could Dakota Access pipeline move after permit is denied?
- December 06, 2016

There was no immediate response from Energy Transfer Partners, but its chief executive, Kelcy Warren, has said that the company was unwilling to reroute the pipeline, which is meant to transport as much as 550,000 barrels of oil a day from the oil fields of western North Dakota to a terminal in IL. (more...)
Trump threatens payback for US companies that move abroad
- December 06, 2016

Donald Trump went on to say that firms should be revised anterior to making a very expensive mistake. Trump insisted that this new tariff will make it more financially hard for companies to send their operations overseas, after which he reminded them that they always have the option of moving their facilities to less expensive locations among the 50 U.S. (more...)
With 4 games to go, Giants offense needs to wake up
- December 06, 2016

Big Blue's offensive unit, which entered the season with high expectations, now ranks just 26th in yards in per game. "Our line kept churning and wearing them out over the course of the game. Leading 14-0 at the half, the Steelers turned the ball over after stopping the Giants from scoring inside the 10 a second time. Another red zone chance, a fourth down pass on the goal line to TE Will Tye, was slapped away. (more...)
United Kingdom cuts growth forecasts in first budget plan since Brexit vote United Kingdom cuts growth forecasts in first budget plan since Brexit vote
- December 05, 2016

The new draft Charter for Budget Responsibility has three fiscal rules - return public finances to balance "as early as possible in the next Parliament" with cyclically adjusted borrowing below 2% by end of this Parliament; public sector net debt falling as share of GDP by end of Parliament; and welfare spending within a cap. (more...)
Three women killed in Finland shooting
- December 05, 2016

The gun used was a licensed hunting rifle but was not owned by the suspect, police said. The attack occurred moments before a police patrol vehicle arrived at the scene, said police spokeswoman Heli Jamsen-Turkki. "All indications are that he chose his victims randomly". Investigators will question him later on Sunday. "We are working closely with law enforcement and the rescue services", said Saara Raudasoja from the South Karelia Social and Health Care District. (more...)
United Kingdom foreign secretary downplays European Union payment suggestions United Kingdom foreign secretary downplays European Union payment suggestions
- December 05, 2016

Johnson says that is nothing more than "something that obviously David Davis is considering", and that no decisions have been made. Stressing the benefits of Brexit Mr Johnson added: "I do believe that as a result of Brexit we will be able to take back control of the money that we now give to Brussels". (more...)
Nusli Wadia To Go Ahead With Defamation Cases Against Tatas Nusli Wadia To Go Ahead With Defamation Cases Against Tatas
- December 02, 2016

In a seven-page rejoinder to Bharat Vasani, legal head of the Tata Group , Wadia said , "Your reluctance to. submit proof in support of allegations in the special notice and your insistence not to withdraw the notice or allegations in it will result in only one conclusion that it is a clear case of defamation". (more...)
Ed Balls: Len Goodman would make good politician after Strictly stint
- December 01, 2016

Goodman said that he might regret leaving Strictly , but he had to go with his heart. I could have done that.' I'm sure I will miss it. However, you make a decision and it's the right decision at the time. But Ed's Gangdam style isn't the only thing getting tongues wagging on this years show (we still can't un-see it), as a guessing game has broken out over who'll be taking Len's place on the judging panel. (more...)
Jio crosses 50 million subscriber mark in 83 days
- December 01, 2016

The benefits of free unlimited Voice and data under the Welcome offer are available to its subscribers till December 31, 2016, but only to those customers who subscriber by December 3, the end of the 90-day period permitted for introductory offers after their launch, as mandated by the regulator, the Telecom Regulatory Authority of India. (more...)
Playtech tycoon sells stake with eye on hot properties Playtech tycoon sells stake with eye on hot properties
- December 01, 2016

According to Morningstar, Brickington held a 33.6% stake in the company before the sale, and will remain the company's largest shareholder. It was announced today that Brickington has offloaded a total of 38.7 million shares in Playtech at 850 pence per share . (more...)
Reuters source says Price Chopper in merger talks with Albertsons Reuters source says Price Chopper in merger talks with Albertsons
- December 01, 2016

The Golub's have owned Price Chopper and now, Market 32, for more than 80 years. "There are no current plans, nor intentions, to sell any stores". US supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $ 1 billion , people familiar with the matter said on Tuesday. (more...)
Justin Bieber jokes that 'hell is Instagram' Justin Bieber jokes that 'hell is Instagram'
- December 01, 2016

During a Purpose World Tour stop at London's O2 Arena, Bieber teased and educated his fans about why he's made a decision to stay away from the 'gram. I've honestly never agreed with Justin Bieber more. "If you happen to see me out somewhere know that I'm not gonna take a picture I'm done taking pictures", Justin said, much to the disappointment of his female fan base. (more...)
Scotland's Sturgeon to address the Seanad Scotland's Sturgeon to address the Seanad
- November 30, 2016

During a visit to Dublin, Ms Sturgeon said she meant to hold talks with NHS leaders to establish whether it might be possible to offer such women free abortions in Scotland. However the First Minister suggested the Irish situation might prove unique, not a template. He described her speech as "impressive and thoughtful". (more...)
Canada PM approves controversial pipeline to Pacific Coast
- November 30, 2016

Protesters have already been staging rallies and making preparations for what some believe will be a huge battle, perhaps rivalling the ongoing violent standoff over a pipeline project in North Dakota. Art Sterritt, spokesperson for the community joined BC1 to explain why he hopes the federal government will vote no. The project is opposed by many environmental groups, First Nations and tribes on both sides of the border because it would lead to a dramatic increase in tanker traffic on the ... (more...)
BlackRock's Rieder adds exposure to European banks ahead of Italy vote
- November 30, 2016

Opinion polls now predict Renzi's defeat, in what would be the third big anti-establishment revolt by voters this year in a major Western country, following Britain's unexpected vote to leave the European Union and the USA election of Donald Trump. (more...)
Orders could have little effect on pipeline protest camp
- November 29, 2016

The Order says any person who chooses to enter, re-enter or stay in the evacuation area does so at their own risk, and assumes any and all corresponding liabilities. "It's time for the USA government and the United Nations to intervene and hold the pipeline companies and the county sherriff's department accountable for their brutal actions". (more...)
EU's Moscovici optimistic on Greek deal EU's Moscovici optimistic on Greek deal
- November 29, 2016

ATHENS , Greece (AP) - A top European finance official on Monday urged Greece's bailout lenders to grant the country relief on its massive debts if Athens agrees to impose tougher budget austerity measures. Bailout lenders want Greece to allow more flexible labor contracts and drastically scale back protection for troubled mortgages - with almost half of Greek bank loans now considered to be non-performing. (more...)
Fast food workers rally at 'Fight for $15' event Fast food workers rally at 'Fight for $15' event
- November 29, 2016

Political observers said such changes were problematic. But the employer-oriented Employment Policies Institute said higher pay will result in job loss by the protesting workers. While the push for increased wages has been moving across the country, some states haven't garnered a great deal of attention, perhaps due to political climate or other issues at hand. (more...)
Think tank plans legal action to keep United Kingdom in European Union single market Think tank plans legal action to keep United Kingdom in European Union single market
- November 28, 2016

Last month he said BoE officials would not "take instruction" from politicians, a week after Mrs May had highlighted the "bad side-effects" of the Bank's near-zero interest rates and said a change had to come. "It needs to be taken step by step". May has repeatedly said she remains committed to Europe despite voters deciding to withdraw from the European Union, a process which the British premier has said she will formally begin by the end of March. (more...)
Opposition didn't get time to prepare for demonetisation: Modi
- November 27, 2016

There were loud cheers from the Opposition benches and some from the treasury nodded their heads. The BJP leader's comments came a day after Mr Gandhi took a dig at Prime Minister Modi for not speaking in the debate on demonetisation in Parliament. (more...)
Stokes reserves special message for Kohli as hosts reach 271 Stokes reserves special message for Kohli as hosts reach 271
- November 27, 2016

But, not for the first time in this series, Kohli and the ever-dependable Cheteshwar Pujara combined to steady the ship, adding 75 for the third wicket. Soon after, Ajinkya Rahane was trapped plumb in front by Rashid, his review a mystery to England's fielders. Kohli has also shared his experience about making 14 Test Hundreds and say, "I know a lot of guys and seen them practicing in the nets, like they want to hit 200 -300 balls before the game". (more...)
PV Sindhu loses in Hong Kong Open final PV Sindhu loses in Hong Kong Open final
- November 27, 2016

However, with the score on 10-10, Ying hit a forehand smash long and this unforced error gave the Indian shuttler some hope. "World No. 43 Sameer too finished runners-up but said his maiden final finish boosted his confidence and he is now eyeing a place in the top 10 of BWF ranking". (more...)
Swiss reject plan to speed up exit from nuclear energy Swiss reject plan to speed up exit from nuclear energy
- November 27, 2016

Swiss Greens and Social Democrats from Switzerland have been pushing for a vote toward the country's full exit from nuclear power since the Fukushima disaster in Japan more than five years ago. However the remaining electricity comes from nuclear plants. Swiss reactors Muehleberg and Beznau I and II would be shuttered next year, followed by Goesgen in 2024 and Leibstadt in 2029, were the initiative to pass. (more...)
Anti-pipeline protesters demonstrate on Thanksgiving Day
- November 26, 2016

The Standing Rock Sioux Tribe says construction of the pipeline - which is now slated to run under the Missouri River - could affect its drinking water supply and put communities living downstream "at risk for contamination by crude oil leaks and spills". (more...)
Melania Trump is set to be a long-distance first lady Melania Trump is set to be a long-distance first lady
- November 26, 2016

While US President and his immediate family are fully protected by Secret Service, the local police are always called on to help assist them with security. Similarly, the 15th floor - which served as a headquarters for the Trump campaign - could be available, with the Federal Election Commission estimating that the campaign paid $169,000 a month on utilities alone while there. (more...)
Oil prices fall as strong dollar wipes out OPEC cut optimism
- November 26, 2016

Iraq's top oil official said on Friday that he is "optimistic" about the Organisation for Petroleum Exporting Countries (OPEC ) reaching an agreement to cap production levels of the commodity. However, the two other biggest OPEC producers, Iran and Iraq , revolt at this idea and say the organization should use their own self-reported figures (which, of course, are higher by a couple of hundred thousand barrels per day). (more...)
$0.26 EPS Expected For ENERGY TRANSFER PARTNERS (NYSE:ETP) In Quarter $0.26 EPS Expected For ENERGY TRANSFER PARTNERS (NYSE:ETP) In Quarter
- November 24, 2016

The analysts noted that the move was a valuation call. The mean price target is calculated keeping in view the consensus of 44 analysts. Sunoco Logistics Partners L.P.is expecting that the deal with Energy Transfer Partners LP will strengthen its balance sheet. (more...)
Amid Uncertainty, UK Treasury Chief to Offer Bleak Outlook Amid Uncertainty, UK Treasury Chief to Offer Bleak Outlook
- November 24, 2016

Hammond played down expectations of much extra spending on public services or infrastructure to cushion the effect of years of uncertainty as Britain negotiates to leave the European Union on Sunday, and described debt levels as 'eye-wateringly high. (more...)
Zoe Kravitz to play bigger role in "Fantastic Beasts 2"
- November 23, 2016

JK Rowling has given hints about future Fantastic Beasts films and which characters could star in them. "Bleed for This", a boxing drama starring Miles Teller and distributed by Open Road Films , was KO'd, taking in just $2.4 million. (more...)
Top 10: Black Friday/Cyber Monday shopping destinations Top 10: Black Friday/Cyber Monday shopping destinations
- November 23, 2016

Both Best Buy and Amazon have cut some prices on more TVs for Black Friday , giving those who want to get things started a little bit early the chance to do so. Staples is closed on Thanksgiving and begins the blow-out when doors open at 6 a.m. Walmart has announced that its Black Friday mobile commerce will be the new Cyber Monday this year. (more...)
Philip Hammond to announce £1bn digital infrastructure boost in Autumn Statement
- November 23, 2016

Analyst Neil Wilson at ETX Capital said there were no real surprises from Hammond, as almost all the measures were already known and largely priced in, with the movement in bond yields the main market response. Instead the Budget will be moved from the spring to the Autumn, meaning from next year there will be an Autumn Budget. In then past, the Autumn Statement has outlined broad spending plans and predictions for growth, while the Budget dealt with taxation. (more...)
Donald Trump disavows 'alt-right' supporters Donald Trump disavows 'alt-right' supporters
- November 23, 2016

He also specifically disavowed and condemned the actions of those at the recent conference. Trump also named Steve Bannon as his campaign CEO and later a chief strategist in the White House. The clip is likely to be part of a documentary on Spencer The Atlantic plans to release next month. In this November 18, 2016, photo, Richard Spencer , left, talks to the media at an Alt Right conference hosted by the National Policy Institute in Washington . (more...)
Deere quarterly earnings beats estimates even as sales remain sluggish
- November 23, 2016

The company's construction and forestry division didn't fare as well, showing an operating loss of $17 million for the quarter and profit of $180 million for the year, compared with a fourth-quarter 2015 operating profit of $64 million and $528 million for full fiscal 2015. (more...)
Nifty settles above 8000; Midcap Index outperforms with 1% gain Nifty settles above 8000; Midcap Index outperforms with 1% gain
- November 23, 2016

Foreign institutional investors continue to sell Indian shares and in Tuesday's session the FIIs sold shares worth Rs 692 crore. Prime Minister Narendra Modi thanked people for expressing "continued faith" in BJP and its "unwavering focus on development and good governance" after the party scored victories in bypolls in three states and did well in West Bengal and Tripura, defying speculation on adverse impact of ongoing demonetization. (more...)
Another R3 Exit: Spanish Bank Santander Quits Blockchain Consortium Another R3 Exit: Spanish Bank Santander Quits Blockchain Consortium
- November 22, 2016

R3 is going to create a new company providing shared services for the owners, who would get a 90 percent stake. Goldman Sachs and Banco Santander, two of the large financial institutions in the R3 blockchain consortium , have withdrawn from the project within hours of each other, reports Reuters . (more...)