Markets


Samsung Earnings Slow but Grow Despite Recall in Q3 Preview
- October 12, 2016

Samsung Electronics has told investors to expect a modest increase in its operating profits between July and September this year, despite the costly recall of its new Galaxy Note 7 smartphones. A replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside a US plane on Wednesday, the family that owns it said. The company could get into trouble further if there is a second recall, a very unusual move that would be, if it is found that the company gives a ... (more...)
US Stocks Lower as Earnings Disappoint US Stocks Lower as Earnings Disappoint
- October 12, 2016

In other currencies, the pound marked fresh losses after media reports of leaked government papers that predict the country stands to lose GBP66 billion ($81.1 billion) a year in tax revenue in the event of a clean break with the European Union, or a "hard Brexit". (more...)
Ford Says It Will Idle A Mustang Factory Amid Plummeting Sales Ford Says It Will Idle A Mustang Factory Amid Plummeting Sales
- October 12, 2016

Sales of all Ford-brand cars fell by double-digits in the U.S.in September, as Americans continue to gravitate toward crossovers and SUVs, but the Mustang's decline was particularly abrupt. And it won't void the warranty, so long as it's installed by a Ford Performance-authorized shop. The third bumps redline to 7,500 rpm, which adds 37 horsepower and 5 lb-ft of torque. (more...)
Exxonmobil Investment Management Inc Tx Lowers stake in Delta Air Lines (DAL) Exxonmobil Investment Management Inc Tx Lowers stake in Delta Air Lines (DAL)
- October 12, 2016

The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Imperial Capital Initiated Delta Air Lines on Aug 24, 2016 to "In-line", Price Target of the shares are set at $41. Buckingham Research set a $54.00 price target on shares of Delta Air Lines and gave the stock a "buy" rating in a research note on Wednesday, October 5th. (more...)
President Obama plans President Obama plans "proportional" retaliation against Russian Federation for hacking
- October 12, 2016

Donald Trump continued to engage in a war of words with several Republican leaders , including House Speaker Paul Ryan, following the release of a video that showed the GOP nominee making extremely vulgar comments about sexually assaulting women. (more...)
Muschamp: Georgia game changed to Sunday Muschamp: Georgia game changed to Sunday
- October 10, 2016

Did they ever discuss a matchup like this back then? Georgia on the other hand had them below Georgia Tech, Florida, Auburn, Tennessee and, depending on who you asked, Clemson. McIlwain has struggled moving the Gamecocks and has gone three games without a TD pass. "Due to the potential impact of the hurricane on Columbia and the surrounding area, it is in the best interest of safety to play the game on Sunday rather than Saturday night", SEC Commissioner Greg Sankey said. (more...)
China's top central banker cautions against hot property prices China's top central banker cautions against hot property prices
- October 09, 2016

Zhou Xiaochuan, governor of the People's Bank of China (PBoC), said the Chinese government is "paying close attention" to rising property prices in some cities and will take appropriate measures to promote the real estate market's "healthy development". (more...)
China: 33 missing in landslides after typhoon rains China: 33 missing in landslides after typhoon rains
- October 08, 2016

Earlier on Wednesday, China shut schools and cancelled dozens of flights as Typhoon Megi made landfall in the southern province of Fujian on Wednesday with winds of close to 120 km per hour, Xinhua said. Twenty-six residents are missing, Xinhua reported. Four people died and more than 523 people were injured in Taiwan since it had roared in from the Pacific Ocean. (more...)
Minn. mall attacker new to Islam Minn. mall attacker new to Islam
- October 07, 2016

The video also shows Falconer confronting and shooting Adan: The suspect initially gets on the ground but then gets up and runs at the officer before he is shot. The authorities have pieced together a detailed account of Adan's movements and statements prior to the rampage they say show his actions were premeditated. (more...)
India's private sector economy loses momentum: Composite PMI India's private sector economy loses momentum: Composite PMI
- October 06, 2016

In both cases, a reading above 50 would indicate that the service sector remained in expansionary territory. She added: "However, companies were cautious with regard to employment and inventories, with staff numbers rising only slightly and inventories of goods being depleted at a solid pace". (more...)
Antonio Cromartie earnestly thanks Colts for six weeks of employment
- October 06, 2016

This might also be known as fantasy football. He later suffered an injured shoulder and returned only to be benched in favor of Rashaan Melvin in the second half. It's not quite banner-hanging-quality news, but it's still significant for a team that is 1-3 and sinking. He has eight touchdowns to three interceptions and has a quarterback rating of 91.1. (more...)
India's Central Bank Cuts Interest Rates India's Central Bank Cuts Interest Rates
- October 05, 2016

The six members of the MPC include three government-appointed economists (Chetan Ghate, Pami Dua and RH Dholakia), two senior RBI officials (Deputy Governor R Gandhi and Executive Director Michael Patra) and RBI Governor Urjit Patel . (more...)
Petrol price hiked by Rs. 0.14 /litre, diesel by Rs. 0.10 /litre Petrol price hiked by Rs. 0.14 /litre, diesel by Rs. 0.10 /litre
- October 05, 2016

According to energy think tank three Oil Marketing Companies (OMCs) namely; Puma Energy, Glory Oil and Frimps Oil effected these changes. Consumers of Petrol will have to face a second petrol price hike in less than a week. Price of non-branded petrol in Delhi will cost Rs 64.72 a litre from midnight tonight as against Rs 64.58. The cedi lost marginally against the USA dollar over the pricing-window by 0.40% according to data obtained from the Bank of Ghana. (more...)
International Monetary Fund Lowers Its Outlook For US Economic Growth International Monetary Fund Lowers Its Outlook For US Economic Growth
- October 05, 2016

It also increased its forecast for expansion this year in developing nations, to 4.2 percent from 4.1 percent estimated in July, saying they would make up more than three-quarters of projected world growth. "Turning back the clock on trade can only deepen and prolong the world economy's current doldrums", he added. Although China's economy continues to grapple with a challenging shift in focus from investment to consumption, concerns about the country's near-term prospects have eased following ... (more...)
Post-debate, Clinton takes the lead Post-debate, Clinton takes the lead
- October 05, 2016

Hillary Clinton and Donald Trump face off in one of the most consequential presidential debates in modern U.S. history with up to 100 million viewers set to tune in. "I misspoke tonight", the statement said. Clinton's campaign raised about $84 million, while the DNC and various state parties raised about $70 million through the Hillary Victory Fund and Hillary Action Funds. (more...)
Unscripted Trump overshadows his own economic message Unscripted Trump overshadows his own economic message
- October 05, 2016

Slime and sleaze has bubbled to the top in the most revolting US Presidential election in living memory courtesy Republican Party nominee Donald Trump. Trump insisted that he won the debate but also suggested that the non-partisan Commission on Presidential Debates deliberately gave him a defective microphone on goal in an attempt to sabotage his performance. (more...)
Rebound By Deutsche Bank Leads To Strength On Wall Street
- October 05, 2016

The pan-European STOXX 600 index ended 0.1 percent higher, as Deutsche Bank closed up 6.4 percent, rallying towards the end of the European trading session having initially sunk to record lows of below 10 euros at the start of the day. Having initially fallen 8 percent, the shares rushed higher to close more than 6 percent higher on hopes the bank will be able to negotiate down the massive cost of settling a USA investigation. (more...)
Indian Police Say Gun Battle Has Ended At Kashmir Army Camp
- October 04, 2016

The spokesman for Srinagarbased XV corps Col Rajesh Kalia confirmed that terrorists had fired on the army camp, 54 km from Srinagar . The skies in Baramulla saw illuminators being fired by the Army to locate the terrorists. Uri, with 20 soldiers killed, marked the Indian Army's single most devastating day in more than a decade. Pakistani officials would only say that they " befittingly responded to Indian unprovoked firing , " while India has repeatedly presented the militant ... (more...)
Illinois treasurer: State will suspend Wells Fargo business
- October 04, 2016

The accounts could have a lasting impact on their credit and other financial health. "It appears the company just can't make it through this congressional hearing without us learning more and more information about what is going on at Wells Fargo", said Rep. (more...)
German Economy Minister Slams 'Irresponsible' Deutsche Bank German Economy Minister Slams 'Irresponsible' Deutsche Bank
- October 04, 2016

Its shares didn't trade in Germany (DBKGn.DE) on Monday because of a public holiday, but its USA -listed stock was down around 2.8 percent at mid-morning. European stock markets made minor gains today, as a rise in the shares of fund management companies in the wake of a large merger in the sector propped up markets. (more...)
Janus, Henderson Group to merge into $6B firm in all-stock deal Janus, Henderson Group to merge into $6B firm in all-stock deal
- October 04, 2016

Henderson shareholders will own about 57 percent of the new company and Janus shareholders will own 43 percent. The merger, which is now expected to close in the second quarter of 2017, subject to shareholder and regulatory approval, will create cost savings of at least £84.7m a year and employ 2,300 people globally. (more...)
Trump Group Did Business With Iranian Bank Later Linked to Terror Trump Group Did Business With Iranian Bank Later Linked to Terror
- October 04, 2016

US officials later alleged that Bank Melli had been used to obtain sensitive materials for Iran's nuclear program. Trump reportedly inherited the bank as a tenant when he bought the General Motors Building in Manhattan. If the payments were licensed, it may have been legally hard for the Trump Organization to evict the bank. Maybe the Trump Org. did their due diligence and realized that it wasn't fair to discriminate against Bank Melli just because it's headquarters is in Tehran? Instead, ... (more...)
3 things we learned from voters watching the Trump-Clinton debate
- October 03, 2016

For his part, Trump, speaking at a rally in the battleground state of Florida on Tuesday, said of the debate: "On issue after issue, secretary Clinton defended the awful status quo-while I laid out our plan to bring jobs, security and prosperity back to the American people". (more...)
'Check out her sex tape' 'Check out her sex tape'
- October 03, 2016

A memorable Hillary Clinton ad in 2008 questioned whether then-rival Barack Obama was prepared to face emergencies. "He's being Trump . I don't have any comment beyond that", said former House Speaker Newt Gingrich, a top supporter. The Clinton campaign is betting rolling out Machado's story would undercut any efforts Trump makes to fix his rock-bottom favorability among women and unsettle his recent efforts to stay disciplined and on message. (more...)
Obama: 'If you don't vote, that's a vote for Trump' Obama: 'If you don't vote, that's a vote for Trump'
- October 02, 2016

At a rally in Philadelphia on Wednesday, First Lady Michelle Obama said that Hillary Clinton is the most qualified person ever to seek the United States presidency and would be prepared and ready to be the Commander-in-Chief on day one. "It reveals who you are", she said. What the country needs, Obama said, is "an adult in the White House". Michelle Obama , campaigning for Hillary Clinton , unleashed a barrage of attacks on Donald Trump on Wednesday, calling the Republican nominee ... (more...)
Bills' Ryan trolls as Patriots explore quarterback options
- October 02, 2016

Ryan chuckled, " All right, Julian, I will, buddy". Ryan Pretends to be Reporter to Find out if Edelman is Playing QB Sunday - Rex Ryan will do anything to try and get an edge and on Wednesday he pulled a prank in an attempt to solve the Patriots' quarterback situation. (more...)
Asian stocks lower on renewed worries about banking sector
- October 02, 2016

Crude oil fell 0.3 pervcent to US$47.68 a barrel in NY, after gaining more than 7 pervcent over the last two days. The bank said it had struck a deal to sell a subsidiary and stressed that it was not seeking government help but investors are anxious what will happen to Germany's biggest lender and to the broader financial system if Deutsche Bank runs low on capital. (more...)
Brokerages Set SL Green Realty Corp. (NYSE:SLG) Target Price at $118.62 Brokerages Set SL Green Realty Corp. (NYSE:SLG) Target Price at $118.62
- October 01, 2016

Additionally, the company has a PE ratio of 67.62 and has EPS of 0.31. Checchi Capital Advisers LLC increased its position in shares of SL Green Realty Corp.by 11.3% in the second quarter. The business's revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. Now shares have been rated as "Buy" from 5 Analysts. (more...)
Union for GM workers 'prepared for inevitable' as strike deadline draws near Union for GM workers 'prepared for inevitable' as strike deadline draws near
- October 01, 2016

Union president Jerry Dias told Reuters earlier tonight that the two sides have "a long way to go" in negotiations. But if workers at its Ingersoll, Ontario, CAMI plant, who have the same union but a different contract, support the strike and refuse to install engines and transmissions diverted from USA or Mexican plants, it would be more damaging for GM. (more...)
Disney joins race to buy Twitter Disney joins race to buy Twitter
- September 30, 2016

A source told Reuters that Salesforce .com Inc is also in pursuit. Unconfirmed reports that Twitter is interested in selling itself buoyed the San Francisco-based company's shares at the end of last week, and the stock price rose around a percentage point today as talk of Disney's interest spread. (more...)
If banning actors can stop terrorism, government should do it: Varun Dhawan If banning actors can stop terrorism, government should do it: Varun Dhawan
- September 30, 2016

The rage has been continuously rising for the Pakistani artists to leave India after the Uri attacks where 18 soldiers died in Jammu and Kashmir on September 18. "You can rest assured that they have left, but if we find any Pakistani artiste , we won't spare (them)". The unit has also been protesting against Karan Johar's forthcoming film " Ae Dil Hai Mushkil " that stars Pakistani actor Fawad Khan . (more...)
Donald Trump Reportedly Failed to Pay Attention During His Debate Prep Donald Trump Reportedly Failed to Pay Attention During His Debate Prep
- September 30, 2016

Recent opinion polls have shown the race tightening between Clinton, a former secretary of state, and Trump, a NY real estate magnate. Former US president Bill Clinton speaks at the Democratic National Convention at the Wells Fargo Center, July 26, 2016, in Philadelphia, Pennsylvania. (more...)
Donald Trump's charity under scrutiny Donald Trump's charity under scrutiny
- September 30, 2016

Trump Foundation. The story named the entities that made the payments but attributed the story to unnamed sources who the Post said have knowledge of the transactions. Revelations about Trump's misuse of his foundation offer additional proof why that is so. 'With the hundreds of millions of dollars of things, isn't it interesting, and he said he's not even gonna look at it, ' Trump replied to Attkisson's Clinton Foundation point. (more...)
Box Office Top 3: 'The Magnificent 7' Takes Denzel Washington Out West
- September 29, 2016

If Westerns are a tough sell in the US, they are even tougher internationally. Last year, the same weekend brought Hotel Transylvania 2, a Sony-animated release that opened to just short of $50 million. In China, "Storks" finished second with an estimated 5.2 million dollars, just a half million behind "Hotel Transylvania" in 2012. The movie has been directed by Nick Stoller and Doug Sweetland. (more...)
United Nations steps into Dakota oil pipeline fight
- September 29, 2016

Federal government agencies intervened in mid-September after a district court ruled in favor of the pipeline construction, calling for a temporary halt to construction on parts of the pipeline until the Army Corps of Engineers can determine a full range of environmental and other federal policies. (more...)