Finance


FBI probing cyber breach of New York Times journalists FBI probing cyber breach of New York Times journalists
- August 24, 2016

The New York Times building in Manhattan. The FBI is investigating the possible hack by Russian intelligence agencies of the New York Times and other news organizations, according to a CNN report. national security officials to assess the damage and determine how the hackers got in, according to the United States officials. The apparent Russian hacking campaign against USA organizations became a major issue in the presidential campaign after what are believed to be Russian hackers ... (more...)
Longtime 'Law and Order' district attorney dies Longtime 'Law and Order' district attorney dies
- August 24, 2016

In a statement obtained by The Hollywood Reporter , L&O producer Dick Wolf said, "Steven was not only one of the truly great actors of his generation, he was one of the most intelligent people I have ever met..." In 2000, after season 10 concluded, Hill resigned from the show and retired from acting. (more...)
Dollar slips as market discounts US rate hike Dollar slips as market discounts US rate hike
- August 24, 2016

Elsewhere, the dollar was on the back foot against both the euro and the yen, ahead of Federal Reserve chairwoman Janet Yellen's speech at the annual Jackson Hole Symposium on Friday. Technology shares .SPLRCT , however, provided the biggest boost to the benchmark S&P index, boosted by a 0.3-percent gain in Apple AAPL.O and 1.1-percent climb in Cisco Systems CSCO.O . (more...)
Here's Why J M Smucker Co (SJM) Stock Tumbled Today Here's Why J M Smucker Co (SJM) Stock Tumbled Today
- August 24, 2016

Smucker also said it was giving out bonus bags of Kibbles to arrest sales declines in the brand and plans to introduce new packaging and marketing for it later this year. "We are pleased with the start to our fiscal year as we delivered record first quarter earnings per share, which exceeded our expectations", said Mark Smucker, Chief Executive Officer. (more...)
Graduate Students Can Unionize at Private Colleges, Labor Board Rules Graduate Students Can Unionize at Private Colleges, Labor Board Rules
- August 24, 2016

The Democratic-leaning NLRB reversed an earlier ruling that blocked Brown University students from unionizing, in a case that could have broader implications for graduate students who attend private colleges. As a result of its significant emphasis on graduate education, the University attracts some of the best graduate students in the world and prepares them to be scholars and thought leaders of the future. (more...)
Asian shares slip, dollar stands tall on Fed hike bets Asian shares slip, dollar stands tall on Fed hike bets
- August 23, 2016

Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from August 25 for an annual meeting in the mountains of Jackson Hole , Wyoming, with Yellen due to speak the following day. The currency market has swayed back and forth over the past week on conflicting views towards US monetary policy. There were still widespread doubts that the Fed could raise rates in its September meeting despite two central bank officials pointedly reminding of the ... (more...)
Ryan Lochte loses 4 endorsement deals in one day
- August 23, 2016

Monday it said it will donate a $50,000 portion of Lochte's fee to Save the Children for children in Brazil. The CEO of the U.S. Olympic Committee said Sunday that the organization plans take further action in the matter, and that the four swimmers involved "let down our athletes". (more...)
TSX gains after Couche-Tard, Valeant shares rise TSX gains after Couche-Tard, Valeant shares rise
- August 23, 2016

Couche-Tard will pay $48.53 a share in cash for CST, according to a statement Monday from the company, which pegged the equity value of the deal at $3.78 billion. "We look forward to working closely with Couche-Tard to seamlessly complete the transaction and ensure a smooth integration". After the deal closes, Circle K will establish a new business unit in San Antonio. (more...)
Asian stocks mixed ahead of Fed meeting
- August 23, 2016

Excluding food and energy prices, the PCE price index increased 1.7 percent, compared with an increase of 2.1 percent. US oil producers also added rigs for an eighth straight week and the potential emerged for increased exports from Iraq and Nigeria. (more...)
State FMs to meet trade, industry representatives on GST State FMs to meet trade, industry representatives on GST
- August 22, 2016

The meeting is part of the exercise by the revenue department to consult stakeholders and fine-tune GST legislation. On petroleum products, it said the industry will operate under hybrid tax regime and will be unable to claim GST credit due to temporary non-inclusion of five petro products that could increase costs. (more...)
India names Urjit Patel as next RBI governor - PMO
- August 22, 2016

Patel, who has been overseeing the monetary policy department at RBI under Rajan and has been known as his "inflation-warrior" will have a three-year term. Rana Kapoor, the chief of Yes Bank exuded confidence that it will be a smooth transition from Rajan to Patel. Patel has been looking after monetary policy, economic policy research, statistics and information management, deposit insurance, communication and Right to Information so far. (more...)
Fed officials split over timing of rate hike
- August 22, 2016

This could then force the Fed to raise interest rates quickly, and threaten growth in the United States economy. USA crude was trading near $47. The minutes from the July meeting revealed that Fed officials generally agreed that it was prudent to accumulate more economic data before removing monetary accommodation. (more...)
Women's water polo vying for gold Women's water polo vying for gold
- August 22, 2016

Kelly Neushul scored three goals as the United States won with quarters of 4-1, 1-2, 4-1 and 3-1. Friday's win was the team's 22nd straight, a streak that goes back to a loss to Italy at the world championships in 2015. It was also the Olympics' first all-European final. The U.S. increased its lead to 7-3 with four minutes, 47 seconds left in the third period on goals by Fattal and Neushul. (more...)
RBI goes for continuity with appointment of governor RBI goes for continuity with appointment of governor
- August 21, 2016

India opted for a continuation of the reforms Raghuram Rajan by selecting one of his deputies to take over the central bank. Patel , according to a Nomura note, is considered a "hawk" on his monetary policy stance and his appointment as the new governor assures continuity in monetary policy. (more...)
Why Chesapeake Energy (CHK) Stock Is Up Today Why Chesapeake Energy (CHK) Stock Is Up Today
- August 21, 2016

Recent traded volume was 3.59 million shares versus to it an average volume of 4.65 million shares. The 16 equity analysts who rate the stock have an average target price at $9.28, with individual targets ranging between $7 and $12. Chesapeake intends to use the net proceeds of the loan to finance tender offers for its unsecured notes, with any remaining proceeds used for further debt repayments and other general corporate purposes. (more...)
Strong Earnings, Surge In Oil Power Dow To Record High
- August 21, 2016

Investors mostly focused on the latest batch of company earnings from retailers and other companies, as well as new data indicating that US retail sales in July were more sluggish than expected. Oil rose almost 2 percent to $44.30 a barrel in NY. Oil futures also fell with U.S. futures declining 3% and Brent crude, the global standard, dropping 2.5%. (more...)
Sindhu storms into final, seals medal Sindhu storms into final, seals medal
- August 20, 2016

PV Sindhu will look to make history when she takes the court on Friday evening India time to take on Carolina Marin of Spain in the gold medal match of the women's singles event. They have fought against the sheer superiority imposed by China on the woman's game; in fact all the finalists in Beijing 2008 and London 2012 were Chinese. (more...)
Rio 2016: Pajon retains BMX gold
- August 20, 2016

She finished 3rd, 2nd and 3rd in her three runs in the semifinals which was good enough to take 2nd place heading into the finals. USA cyclist Alise Post took silver behind Pajon, while Stefany Hernandez of Venezuela won bronze. Already to win two gold medals it's just insane. But tomorrow I am going to wake up, and it is going to be real". After video replay, however, organizers determined that he had finished just behind Ramirez Yepes of Colombia. (more...)
North Dakota pipeline construction halted until court date North Dakota pipeline construction halted until court date
- August 20, 2016

The North Dakota Public Service Commission on Wednesday approved siting permits for three new pipeline projects - two crude oil pipelines and a natural gas liquids pipeline, one of which spans across Dunn County. "We have water towers on our reservation but once the pipeline does break because it will affect the drinking water and our filtration system", said Whitebull. (more...)
Turkey expects Syrian Kurdish forces to withdraw after Manbij operation -minister Turkey expects Syrian Kurdish forces to withdraw after Manbij operation -minister
- August 20, 2016

In the fight for Manbij , a USA defense official told CNN that the US -supported Syrian Democratic Forces, or SDF, are still clearing the city of explosives and perhaps some final fighters. "Their economy is clearly deteriorating", economist Hemo said. But Raqqa is not a Kurdish city and the Kurds have other priorities. Even after its liberation from the so-called Islamic State, this city in northern Syria remains draped in jihadist black banners. (more...)
Valeant Pharmaceuticals International, Inc.'s (VRX) Valeant Pharmaceuticals International, Inc.'s (VRX)
- August 20, 2016

Valeant Pharmaceuticals Intl Inc (NYSE:VRX)'s values for SMA20, SMA50 and SMA200 are 21.30%, 26.48% and -47.09%, respectively. Many analysts are providing their Estimated Earnings analysis for Valeant Pharmaceuticals International, Inc. Company gross margin stands at 74.70% whereas its return on investment (ROI) is 3.70%. "The results would have to be very poor for a few quarters for the company to run into any trouble", Eric Axon, an analyst at CreditSights Inc., said after the company ... (more...)
Ford to introduce in 2019 new Model E family of electric vehicles Ford to introduce in 2019 new Model E family of electric vehicles
- August 19, 2016

Currently Ford has two hybrids, the Fusion and C-Max; two plug-in hybrids, the C-Max Energi and Fusion Energi; and one EV, the Focus Electric. As such, there would be hybrid, plug-in hybrid, and all-electric vehicles coming as sedans, hatches, or crossovers. (more...)
Aetna Will Leave Kentucky's Health Exchange In 2017 Aetna Will Leave Kentucky's Health Exchange In 2017
- August 19, 2016

The company says it may re-enter the markets in the future. One of the state's largest health insurers, Florida Blue, reportedly posted a $471 million gross profit on ACA-compliant individual plans in 2015 , up from $124 million in 2014. Aetna will continue to offer small group and an off-exchange individual coverage for 2017. An estimated 10 million people have signed up for Obamacare to date, less than half the amount originally expected. (more...)
Research Report for: Coca-Cola Company (The) (NYSE:KO)
- August 18, 2016

The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . On the company's financial health, Ford Motor Company reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 28, 2016. (more...)
EPS for Wal-Mart Stores, Inc. (WMT) to Rise EPS for Wal-Mart Stores, Inc. (WMT) to Rise
- August 18, 2016

Wal-Mart Stores, Inc. (NYSE: WMT ) has risen 14.57% since January 12, 2016 and is uptrending. Also , major shareholder Jim C. Walton sold 1,450,000 shares of the firm's stock in a transaction on Tuesday, June 28th. In fact, the Most Accurate Estimate for the current quarter is now at earnings of $1.03 per share for WMT , compared to a broader Zacks Consensus Estimate of earnings of $1.02 per share. (more...)