Finance


Oil Recovers on Prospects of a Decline in US Crude Stocks Oil Recovers on Prospects of a Decline in US Crude Stocks
- January 06, 2017

The selloff came as traders grew anxious about whether members of the Organization of the Petroleum Exporting Countries (Opec) and other oil producers will scale back output as part of a deal agreed in late 2016. dollars (£42.79) per barrel during the final three months of 2017. Both production cut plans will begin on January 1 and will be effective for an initial duration of six months. (more...)
Kohl's Slashes 2016 Guidance on Volatile Holiday Sales Kohl's Slashes 2016 Guidance on Volatile Holiday Sales
- January 06, 2017

The company said it expects fiscal 2016 diluted earnings per share to be in the range of US$2.92 to $2.97, versus previous guidance of $3.12 to $3.32. L P raised its position in shares of Kohl's Corp.by 18.4% in the first quarter. AXA purchased a new position in shares of Kohl's Corp. during the first quarter worth about $166,000. (more...)
Macy's To Close Stores, Cut Jobs Amid Weak Holiday Sales Macy's To Close Stores, Cut Jobs Amid Weak Holiday Sales
- January 06, 2017

It still intends to close about 30 additional stores over the next few years, Lauren Zumbach reports for the Chicago Tribune . The closures are part of the plan to shutter up to 100 underperforming stores that it had announced last August. (more...)
Man in Japan spends $632000 on tuna Man in Japan spends $632000 on tuna
- January 06, 2017

It was the sixth-straight year the sushi tycoon romped home with the first fish on auction at the so-called Tsukiji ritual at the world's biggest fish market. "We could get a tuna that is good in all aspects - shape, size, fat and the quality of meat", Kiyoshi Kimura, president of Kiyomura, said. The Pacific bluefin tuna (Thunnus orientalis) is a predatory species of tuna found widely in the northern Pacific Ocean, but it is migratory and also recorded as a visitor to the south Pacific. (more...)
Fed rate hikes could come faster Fed rate hikes could come faster
- January 06, 2017

The meeting's minutes showed that several Fed policymakers said that "depending on the mix of tax, spending, regulatory and other possible policy changes, economic growth might turn out to be faster or slower than now anticipated". "Almost all (FOMC members) also indicated that the upside risks to their forecasts for economic growth had increased as a result of prospects for more expansionary fiscal policies in coming years", the minutes say. (more...)
Freeport-McMoRan completes sale of onshore California properties Freeport-McMoRan completes sale of onshore California properties
- January 05, 2017

According to analysts minimum EPS for the current quarter is expected at $0.13 and can go high up to $0.55. The company beat the analyst EPS Estimate with the difference of $-0.05. For the quarter, the forecasted EPS stands at $0.29 for Freeport-McMoran, Inc. BlackRock Fund Advisors increased its stake in shares of Freeport-McMoran by 5.1% in the third quarter. (more...)
NJ man accused of estranged wife's murder appears in court NJ man accused of estranged wife's murder appears in court
- January 05, 2017

Dunn said his cousin was divorcing Monell. Monell is charged with the murder of O'Shea-Watson, as well as violating a restraining order and other weapons offenses. A "preliminary investigation" determined that Monell killed O'Shea-Watson, police said, and they began searching for him. State Police were called to O'Shea-Watson's house in the 7900 block of Raymond Drive in the Laurel Lake section of Commercial Township shortly after 8 a.m. (more...)
Blazing Stock Climbs To New Heights: Marathon Petroleum Corporation (NYSE:MPC) Blazing Stock Climbs To New Heights: Marathon Petroleum Corporation (NYSE:MPC)
- January 05, 2017

The Stock has YTD (year to date) performance of 5.12 percent. Historically, if we look at price target revisions, three weeks ago Marathon Oil Corporation (NYSE:MRO)'s price target was revised on 12/08/16 by the analysts, however the bullish price estimates of the stock set at $23 while the bearish estimates kept at $15 over the next one year. (more...)
Protesters take to the streets of London over rail fare hikes
- January 04, 2017

Shadow transport secretary Andy McDonald and shadow foreign secretary Emily Thornberry were among the protesters at King's Cross station. According to the Rail Delivery Group (RDG), which represents train operators, about 97p in every pound paid by passengers goes back into running and improving services. (more...)
Xerox Corporation (NYSE:XRX) Broker Price Targets For The Coming Week
- January 04, 2017

Brean Capital reaffirmed a "hold" rating on shares of Xerox Corporation in a report on Monday, October 31st. Xerox top executives will take their turn at the opening bell Wednesday. Many analysts are providing their Estimated Earnings analysis for Xerox Corporation and for the current quarter 12 analysts have projected that the stock could give an Average Earnings estimate of $0.33/share. (more...)
Oil Prices Have a Slippery Path Upward Oil Prices Have a Slippery Path Upward
- January 03, 2017

OPEC's strong production position before the November deal contributed to the supply-side strains that brought oil prices below $30 per barrel and sidelined operations in expensive USA shale basins. On when the market will return to balance, less than half of the respondents expected that to happen by the third quarter of 2017. "Without prejudicing its global contractual obligations, from January 1 2017, (state oil company) PDVSA and/or its subsidiaries will implement a reduction in the ... (more...)
Hike in Petrol and Diesel prices Hike in Petrol and Diesel prices
- January 02, 2017

January 2017 will see the first of what the Automobile Association (AA) expects to be a series of fuel price hikes in the new year. The OGRA had also suggested increasing price of kerosene oil by 16.02 per cent or Rs6.93 and light diesel oil (LDO) price by 8.02 per cent or Rs3.48 per litre. (more...)
PATCO offers free rides for New Year's Eve revelers PATCO offers free rides for New Year's Eve revelers
- January 02, 2017

South Jersey residents who plan on ringing in the new year in Philly are already sharing their appreciation. Whaling also reminds users that Uber allows you to split fares, meaning multiple friends can get in one vehicle and all share the cost, which may be unusually high. (more...)
Emirates receives first A380 with Rolls-Royce engines
- December 31, 2016

Emirates said it plans to defer delivery of six A380s by a year, from 2017 to 2018, and push back another six from 2018 to 2019. The planemaker will accelerate cost cuts at the A380 operation to ensure that the "impact on break even in 2017 is minimal". (more...)
Watch the world celebrate the arrival of 2017
- December 31, 2016

There haven't been any threats against NY ahead of the city's massive New Year's Eve celebration, but police are taking extra precautions to make sure everyone is safe on the big night. "Please don't drive in this area", Gomez said. Buses in that area will be rerouted, but the subway will continue to run under and around Times Square. (more...)
India, Singapore rework tax treaty to curb evasion India, Singapore rework tax treaty to curb evasion
- December 31, 2016

India secured amendments to the Double Taxation Avoidance Agreement (DTAA) with Singapore on Friday, effectively closing one route of laundering domestic black money by "round-tripping" it from countries like Mauritius, Cyprus and Singapore. (more...)
Japan's defense minister visits controversial war shrine after Pearl Harbor trip
- December 30, 2016

The hawkish new defense chief's Yasukuni pilgrimage also followed Japanese Prime Minister Shinzo Abe's historic visit to Pearl Harbor on Tuesday, accompanied by Inada, who was named new defense chief in August. "We express deep concern and regret over Japan's defense minister visiting Yasukuni Shrine, even as our government has been emphasizing the need to create a new, forward-looking South Korea-Japan relationship", it said in a statement. (more...)
Dow Pushes To Breach The 20000 Level Dow Pushes To Breach The 20000 Level
- December 30, 2016

The S&P 500 fell 0.02%, the Dow Jones Industrial Average dropped 0.06%, and the Nasdaq declined 0.12%. USA crude prices were off 0.15 percent after data showed a surprise rise in US inventories. The blue-chip index has been riding on a post-election rally, feeding on optimism that President-elect Donald Trump's plans for deregulation and infrastructure spending would bolster the economy. (more...)
Demonetisation impact: Double-digit growth in India's tax collection figures, says Arun Jaitley Demonetisation impact: Double-digit growth in India's tax collection figures, says Arun Jaitley
- December 30, 2016

Assessment can be unreal but revenue is real", Mr. Jaitley said, highlighting a 13.6 per cent rise in net direct tax collections till December 19. Finance Minsiter Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with the India's tax collection figures seeing double-digit growth. (more...)
Takata nears $1 billion criminal settlement with US
- December 30, 2016

At last count, there were about 46 million recalled Takata airbag inflators in 29 million vehicles in the U.S. Another NHTSA order issued in May 2016 requires automakers to recall an additional batch of inflators over the next three years, ultimately recalling almost 70 million inflators in 42 million vehicles. (more...)
4 reportedly arrested in social media-fueled ruckus at Pa. mall
- December 29, 2016

Tuesday. The four juveniles arrested were charged with aggravated assault, criminal trespass, criminal mischief, disorderly conduct-fighting and other crimes. Those who were arrested face charges of disorderly conduct and failure to disperse, but authorities aren't ruling out the possibility of felony counts of inciting a riot. (more...)
OPEC Production Cut Will Push Gas Prices Higher - but for How Long?
- December 29, 2016

On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.67% at $54.26 a barrel. OPEC members agreed to cut production by 1.2 million barrels per day at the start of January and non-OPEC producers are to cut production by 600,000 barrels per day, citing two dozen countries are involved in the cuts. (more...)
7 facts to know about India's formidable Agni-V missile 7 facts to know about India's formidable Agni-V missile
- December 29, 2016

India on Monday successfully test-fired "Agni-V" missile from the Abdul Kalam Island (earlier referred as Wheeler Island) off Odisha coast on Monday. "Agni-V will be the last link in the chain of land-based deterrence vis a vis China as at present India can not pose a viable threat to major Chinese counter value targets such as large cities", said Rahul Bhonsle, a defense analyst and retired Indian Army brigadier and defense analyst. (more...)
Feds say 3 hacked law firms' networks, made insider trades
- December 29, 2016

U.S. Attorney Preet Bharara in Manhattan claimed in a statement of the case "should serve as a wake-up call for law firms around the world: you are and will be targets of cyber hacking, because you have information valuable to would-be criminals". (more...)
'Step Up' Actress Found Dead in vehicle and Suspect in Custody 'Step Up' Actress Found Dead in vehicle and Suspect in Custody
- December 28, 2016

Tricia McCauley's body was found in her auto after she was reported missing by friends when she did not show up to Christmas dinner on Sunday December 25, 2016. Police did not say how the woman found in the vehicle may have died. She was also a yoga instructor. "Let me express on behalf of all of us in Washington, D.C. (more...)