Markets


GE Bulb Dims Friday on Revenue, Profit Declines GE Bulb Dims Friday on Revenue, Profit Declines
- July 22, 2017

Revenue from its power business rose 5%, while health care rose 4% and aviation was flat. GE has been under intense pressure to cut expenses and pledged in March to cut $1 billion in annual industrial expenses for each of the next two years, which is twice the level of cuts originally laid out. (more...)
Mustard, ketchup maker French's sold in $4.2B deal Mustard, ketchup maker French's sold in $4.2B deal
- July 20, 2017

And McCormick finally emerged as the highest bidder for the food unit on Wednesday. The company's brands include Nurofen, Woolite and Clearasil. Reckitt's sale of its French's mustard division to McCormick will bring much-welcome fee trouserings for Morgan Stanley and Robey Warshaw. (more...)
Missing paperwork could wipe out billions in private student loan debt Missing paperwork could wipe out billions in private student loan debt
- July 20, 2017

Although $5 billion may be a lot of money, its only a fraction of both the private student loan market and the student loan market as a whole. Some lucky Americans are finding that their huge piles of student debt may not actually exist. Even if National Collegiate owns your loan, however, that doesn't mean you're off the hook. If you're now in good standing on your loans, your debt won't be magically erased. (more...)
Are Hedge Funds Betting Against Dominion Diamond Corporation (DDC)? Are Hedge Funds Betting Against Dominion Diamond Corporation (DDC)?
- July 20, 2017

Gabelli initiated coverage on Dominion Diamond Corporation in a research report on Monday, April 3rd. Citigroup maintained Dominion Diamond Corp (NYSE:DDC) rating on Monday, October 19. In the latest earnings report the EPS was $-0.08 and is expected to be $0.86 for the current year with 80,574,000 shares now outstanding. Having a peek at growth estimates of the company, Dominion Diamond Corp (NYSE:DDC) has current quarter growth estimates of 261.5% however it has 666.7% estimations ... (more...)
Voting for presidential election ends in MP Voting for presidential election ends in MP
- July 18, 2017

The counting of votes will take place on July 20 in New Delhi after all the ballot boxes have been brought from various state capitals. It will be only the second time that India has had a Dalit head of state. The presidential election on Monday recorded probably the highest ever voting turnout of close to 99%, with all eligible voters casting their votes in at least 10 States and one Union Territory. (more...)
Dollar Drives to Ten-Month Lows as US Data Continues to Disappoint Dollar Drives to Ten-Month Lows as US Data Continues to Disappoint
- July 16, 2017

Industrial production rose for the fifth straight month in June, increasing 0.4 percent on a continued rise in oil and gas drilling and coal mining. The U.S. On Wednesday she said... In her House comments, Yellen discussed the possibility that a recent slowdown in inflation could persist longer than the Fed expects. (more...)
Qatar Airways to launch new service to Ukraine Qatar Airways to launch new service to Ukraine
- July 14, 2017

American said it was ending the relationship as part of its push against the alleged government subsidies of Middle Eastern carriers, which the carriers deny. The US company privately notified Qatar Airways of the decision on June 29 - a week after disclosing that the Middle East airline's overture to potentially become one of American Airline's largest shareholders. (more...)
Amazon, Netflix join net neutrality protest Amazon, Netflix join net neutrality protest
- July 13, 2017

Right now, net neutrality is protected by Title II of the Communications Act, which considers ISPs "common carriers" and subject to regulations similar to utility providers. Historically, there is a strong link to between net neutrality and online piracy. Just over two years after the Federal Communications Commission , under President Obama, approved rules protecting a free and open internet accessible to all, net neutrality is once again under fire. (more...)
Takata recalls another 2.7M airbags Takata recalls another 2.7M airbags
- July 12, 2017

The company said the man, who was not the owner of the auto, was performing repairs that involved using a hammer while the vehicle's ignition switch was in the "on" position. Takata inflators can explode with too much force when exposed to prolonged airborne moisture and hot-and-cold temperature cycles. Those models are the 2001 and 2002 Accord and Civic , the 2002 CR-V and Odyssey, the 2002 and 2003 Acura 3.2 TL, the 2003 Acura 3.2 CL and the 2003 Pilot. (more...)
Shark attack sends swimmer to the hospital in Miami area Shark attack sends swimmer to the hospital in Miami area
- July 11, 2017

The men were intending to remove the hook from the shark to free it, near Johnnie Mercer's pier in Wrightsville Beach, North Carolina. Felipe Lay of Miami-Dade Fire Rescue told Local10.com . Sparling reminded beachgoers to follow safety precautions while swimming, including being aware of their surroundings, swimming near manned lifeguard towers and listening to warnings from lifeguards, CNN reported. (more...)
Islamic State militants pledge to 'fight to the death' in Mosul Islamic State militants pledge to 'fight to the death' in Mosul
- July 09, 2017

More than three quarters of the remaining jihadists in Mosul are foreigners, according to Iraqi commanders who have reported a spike in suicide attacks as anti-IS forces close in on the Old City. An AFP team saw more than 60 women and children in tears having lost loved ones in the crossfire, coalition bombing, jihadist shelling and sniper fire. (more...)
India imposes curfew in Kashmir on rebel's death anniversary India imposes curfew in Kashmir on rebel's death anniversary
- July 09, 2017

Leaders who have been either confined to their houses or jailed have called for protests starting Saturday to mark Wani's martyrdom. Kashmiri protesters gather in an alley during clashes with Indian government forces in Srinagar on July 8, 2017. (more...)
Tesla shifts into reverse after weak sales spark Model 3 fears Tesla shifts into reverse after weak sales spark Model 3 fears
- July 07, 2017

Musk announced the news on Twitter . Taberrino also believes Tesla's profit margins in the second half of the year will disappoint and that Tesla's Model 3 production ramp-up will be slower than expected. The Tesla Model 3 is ready to enter the market in the United States, where electric vehicles have been gaining popularity for some time. On Thursday, the Insurance Institute for Highway Safety's Dave Zuby questioned Tesla's claim that the Model S is the safest ... (more...)
United Kingdom payments firm close to $10 billion takeover by USA rival United Kingdom payments firm close to $10 billion takeover by USA rival
- July 06, 2017

The companies said they will now proceed with mutual due diligence, with Vantiv reserving the right to make another offer for Worldpay. The merger would create a globe-straddling payments group providing a comprehensive range of merchant services across online and instore channels. (more...)
Gold Stuck Near 8-week Lows After Fed Minutes Gold Stuck Near 8-week Lows After Fed Minutes
- July 06, 2017

Several committee members preferred to announce a start to the process within a couple of months, while others argued for delaying the decision until later in the year, to continue to judge the economy's progress. Fed policymakers voted 8-1 in June to nudge up the benchmark federal funds rate. Any profit the Fed has at the end of the year must be sent to the U.S. (more...)
Russian manufacturing records weakest growth in 11 months in June: PMI Russian manufacturing records weakest growth in 11 months in June: PMI
- July 04, 2017

The index considers any score above 50 to indicate an improvement in the sector, while numbers below signify a contraction. June's official non-manufacturing PMI also improved to 54.9 from 54.5 in May, evidence of a better economic structure. (more...)
Burling, Team New Zealand win Race 7 in America's Cup Burling, Team New Zealand win Race 7 in America's Cup
- June 29, 2017

Races seven and eight are scheduled for Sunday, with the contest now sure to go at least until Monday. Spithill, who was penalised for being over the start during one of Sunday's races, swerved as he flew in towards the line alongside Burling's 50-foot (15 metre) foiling catamaran, losing critical momentum. (more...)
Russia: Death of Daesh's Baghdadi near 100% certain Russia: Death of Daesh's Baghdadi near 100% certain
- June 25, 2017

The ISIS had destroyed the Grand Mosque in the encounter. Baghdadi is believed to be 45-years-old and from Samarra, located north of Baghdad. On Friday, the head of the defense committee in Russia's upper parliamentary house, Viktor Ozerov, was quoted by Russian Interfax New agency as saying that he is almost 100 percent confident that the ISIS leader is dead, according to Reuters . (more...)
Amazon to buy Whole Foods for $13.7 billion Amazon to buy Whole Foods for $13.7 billion
- June 23, 2017

Whole Foods , which has built a following that buys its organic meats, produce and other items, is in a strong position to persuade shoppers to place orders online and let store employees do customers' marketing for them, he said. Whole Foods will keep operating stores under its name. "This is an natural disaster rattling through the grocery sector as well as the retail world", said Mark Hamrick, senior economic analyst for Bankrate.com. (more...)
Two Insurers Drop Out Of Indiana Exchange, Citing Ambiguity, Volatility Two Insurers Drop Out Of Indiana Exchange, Citing Ambiguity, Volatility
- June 22, 2017

Anthem, like many insurance companies who have opted out of Obamacare in recent months, cited market volatility and rampant uncertainty as reasons for its exit in Wisconsin and Indiana . Wisconsin families expect and deserve better health care coverage options and the time to act is now". Democrats blamed Republicans for Anthem's decision. (more...)