Markets


OPEC, non-oil cartel members discuss cuts OPEC, non-oil cartel members discuss cuts
- October 30, 2016

Instead, the meeting dragged on for more than 12 hours as Iran and Iraq refused to agree to put any curbs on their output, OPEC officials said. However, Novak reportedly said Moscow would prefer to freeze at current levels. A deal with other crude producers wasn't possible after internal OPEC talks on Friday reached an impasse over the role of Iran and Iraq, both of which want to be exempt from any cuts. (more...)
Obamacare premiums set to increase in N.D
- October 29, 2016

When you factor in the big increase for next year, average premiums will have risen from $4,500 to $5,600 since 2013. "It has to be replaced with something much less expensive for the people". This is a nationwide trend, and we see it in California, too. The figure reflects premiums on Healthcare.gov, the federally run website that sells plans for about two-thirds of the states. (more...)
RBS makes £469 million loss in third quarter RBS makes £469 million loss in third quarter
- October 28, 2016

RBS CEO Ross McEwan said: "We've said that 2015 and 2016 would be noisy as we work through legacy issues and transform this bank for customers". "These results reflect that noise". However, the lender is thought to be in discussions with a number of interested parties, including the owner of Clydesdale and Yorkshire banks, CYBG. (more...)
British American Tobacco proposes $47B Reynolds merger British American Tobacco proposes $47B Reynolds merger
- October 22, 2016

MILAN, Oct 21 European shares inched higher on Friday, buoyed by a $47 billion tobacco buyout plan and some well-received earning updates from companies including Europe's largest software maker SAP. BAT and Reynolds don't have overlapping footprints, however, meaning a merger is unlikely to face the sort of steep antitrust hurdles typical of such large deals. (more...)
Australian casino shares tumble after China arrests Australian casino shares tumble after China arrests
- October 18, 2016

Crown on Monday said it had not been able to speak with its employees but was working with the Australian government to urgently make contact with them and to ascertain their condition. lost as much as 1.6 percent in Manila. Casino gambling is illegal on the mainland and Chinese law prohibits agents from organizing groups of more than 10 Chinese citizens to gamble overseas. (more...)
It's up to other men to check 'locker room banter' It's up to other men to check 'locker room banter'
- October 15, 2016

I apologize to the American people. "I got a mother-in-law, a wife, a mom and a daughter and those conversations just don't go on in our locker room", he added. He also disagreed with O'Reilly on developing a strategy for winning back "women [voters] who were offended by the recent exposition from Access Hollywood ". (more...)
United Kingdom lawmakers press government for vote on Brexit talks
- October 15, 2016

The government has argued its right to lead Brexit falls under "royal prerogative" - a type of executive privilege used in foreign policy. Connor Campbell, financial analyst at Spreadex , said: "In the face of USA investors keen to buy the dollar as Donald Trump's presidential campaign disintegrates, and a speech from Brexit minister David Davis that erred on the "hard" side of things, the pound managed to rise 0.7% against the greenback and 0.8% against the euro this Wednesday". (more...)
Verizon says Yahoo hack 'material,' could affect deal Verizon says Yahoo hack 'material,' could affect deal
- October 15, 2016

The company, however, said investigation it carried out showed that "no evidence that the state-sponsored actor is now in Yahoo's network". The revelations about the enormous data breach experienced by Yahoo has damaged not only the company's reputation, but one of the deals that would have potentially kept the wolves from the door of the declining company. (more...)
Philadelphia Eagles: Lane Johnson's Suspension is Upheld Philadelphia Eagles: Lane Johnson's Suspension is Upheld
- October 12, 2016

When he returns from suspension, we will continue to support him and welcome him back to the team . Back in August, reports of a 10-game suspension for the former first-round pick emerged . But the Eagles like the fact that replacing Johnson with Vaitai only affects the Eagles at one position instead of two. This isn't the first time Johnson has gone through this process. (more...)
Twitter surges on report it's said to be closer to sale
- October 07, 2016

It named Salesforce.com. and Google as possible buyers. Twitter has begun talks with several tech firms, including Google and Salesforce , to explore selling itself, CNBC reported this morning. That makes sense: though the company has pumped resources into new efforts like social video, its user growth has stalled and revenue has fallen in the two years since CEO Jack Dorsey took the helm. (more...)
Education Realty Trust (NYSE:EDR) Receives Buy Rating From Citigroup Analysts Education Realty Trust (NYSE:EDR) Receives Buy Rating From Citigroup Analysts
- October 05, 2016

Credit Agricole S A now owns 22,550 shares of the real estate investment trust's stock worth $938,000 after buying an additional 400 shares in the last quarter. Class A recently announced a dividend that will be paid on Wed Oct 5, 2016. On February 29, 2016, it recorded $0.26 a share in earnings which missed the consensus estimate of $0.26 (negative surprise of 0%). (more...)
Spurs end Pep's flawless EPL start Spurs end Pep's flawless EPL start
- October 03, 2016

Erik Lamela's limp spot-kick was easily saved by Claudio Bravo in the second half and the taker apparently argued with Son Heung-min over who was meant to take the penalty. "Kevin doesn't win alone, we need to all be together, Tottenham didn't win because of one single player or two players. They are in second position, so it will be a tough, tough game, and I'm looking forward to going to White Hart Lane for my first game there". (more...)
S Korea orders more checks on Galaxy Note 7 batteries
- October 02, 2016

Samsung first made problems about the Galaxy Note 7 public September 2 and officially launched a recall September 15. Samsung has announced today that replacement Galaxy Note7 smartphones are now available in stores, for customers who purchased units that were part of a government recall over battery fire concerns. (more...)
Verizon starts taking orders for new Samsung Note 7 phones
- October 02, 2016

While Samsung may be keeping up with customer demand in the short run, the company is likely to take a reputational hit in the longer term, amid criticism that its communication on the recall was confusing. On Verizon's website the carrier makes it very clear that what it is selling is new stock of the Galaxy Note 7 . The product safety agency said Samsung had also agreed to send text messages to Note 7 users who still have not exchanged their phones for new ones. (more...)
Unifor, Fiat-Chrysler Ready To Start Round 2 Of Auto Talks Unifor, Fiat-Chrysler Ready To Start Round 2 Of Auto Talks
- September 30, 2016

Union representatives plan on using successful negotiations with General Motors as a layout for future negotiations with Ford and Fiat Chrysler also expected to offer a package similar to General Motors . General Motors employees will receive $9,100 in bonuses over the course of three years, half of which will be paid next week as a signing bonus. Dias said he does not expect talks with Fiat Chrysler to be easy, but it will be hard for the company to ignore the GM precedent. (more...)
Mylan CEO takes lumps before Congress on EpiPen price Mylan CEO takes lumps before Congress on EpiPen price
- September 27, 2016

The drugmaker has hiked the price up 17 times since 2007, a total of 548%, and a two-pack of EpiPens now cost USA consumers over $600 (€540). Bresch provided numbers to show that of the $600 pricetag on an EpiPen set, Mylan's take is $274 and that the company ultimately only has a profit after expenses of $100 a set - or $50 per device. (more...)
Shah Rukh Khan's 'Night Watch' at museum Shah Rukh Khan's 'Night Watch' at museum
- September 21, 2016

He said, "It is unethical for me to release my film on this date as Shah Rukh has already announced his movie". While the release date of the film was announced recently by Red Chillies Entertainment on Twitter , looks like Rai has now started prepping up for it. (more...)
West Virginia AG subpoenas Mylan over EpiPen price hike West Virginia AG subpoenas Mylan over EpiPen price hike
- September 21, 2016

Gayle Manchin, former First Lady of West Virginia and mother of embattled Mylan MYL CEO Heather Bresch , may have used her position as head of the National Association of State Boards of Education to encourage states to require schools to buy EpiPens, according to a new report from USA Today . (more...)
Which way Energy Transfer Partners, L.P. (NYSE:ETP) insiders are heading Which way Energy Transfer Partners, L.P. (NYSE:ETP) insiders are heading
- September 19, 2016

A number of other large investors have also bought and sold shares of EEP. 07/07/2016 - Energy Transfer Equity, L.P. had its "buy" rating reiterated by analysts at Deutsche Bank. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period past year, the firm earned $0.18 earnings per share. (more...)
Intel raises revenue forecast on signs of PC market rebound Intel raises revenue forecast on signs of PC market rebound
- September 17, 2016

The analyst recommendations from a month ago are 18 Buy, 2 Overweight, 2 Sell, 13 Hold and 1 Underweight. "As we collaborate with TPG to establish McAfee as an independent company, we will also share in the future success of the business and in the market demand for top-flight security solutions, creating long-term value for McAfee's customers, partners, employees and Intel's shareholders". (more...)