Markets


Last-minute shoppers flock to stores in search of Christmas gifts Last-minute shoppers flock to stores in search of Christmas gifts
- December 25, 2016

Malls aren't as crowded as stores open, and just before closing with extended hours. For all you procrastinators, you may still have time to order your gifts online- according to shopping and savings expert Kerry Sherin with Offers.com, many retailers guarantee Christmas delivery for express shipping orders as late as December 23. (more...)
Lockheed Martin Stock Sinks on Latest Trump Tweet, Aerospace Expert Weighs In Lockheed Martin Stock Sinks on Latest Trump Tweet, Aerospace Expert Weighs In
- December 24, 2016

Boeing, which designs, develops, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services, has 617.17M shares outstanding, market capitalization (intraday) of $97.38B and BA stock one-year range is between $102.10 and $160.07 per share. (more...)
Dodge Ram, Durango gearshifts under federal probe for threat of rollaway Dodge Ram, Durango gearshifts under federal probe for threat of rollaway
- December 23, 2016

American road safety officials have launched an investigation into about a million Dodge Ram pickup trucks and SUVs prompted by complaints by some owners that the vehicles rolled away and crashed after being parked. The problem in the vehicles recalled earlier has been tied to 309 reports of property damage, 266 crashes, and 68 injuries. Fiat Chrysler America has maintained that the parts involved in the 41 injuries did not include any equipment failure. (more...)
Firms to pay $3.5B in largest foreign bribery scheme in history
- December 23, 2016

In addition, Brazilian petrochemical company Braskem admitted to paying $250 million in bribes between 2006 and 2014. Construction firm Odebrecht and its affiliates who are at the forefront of Brazil's "Operation Car Wash", corruption investigation, pleaded guilty to the US federal court for breaking bribery laws on Wednesday. (more...)
App of the Week: NORAD Santa Tracker App of the Week: NORAD Santa Tracker
- December 23, 2016

The 2016 NORAD Tracks Santa website and apps went live December 1, offering a Christmas countdown, games and other activities, in addition to NORAD's iconic reports on Santa's travels on Christmas Eve. They know perfectly well that the same Santa Claus can not be everywhere, in Christmas window displays, at every shopping center or street corner. Thus began the tradition by NORAD since 1958. (more...)
Rahul Gandhi's allegations are baseless: Prasad Rahul Gandhi's allegations are baseless: Prasad
- December 22, 2016

He backed this claim saying that the Income tax department seized a number of documents proving financial transactions taken place between Sahara and PM Modi when the IT raided Sahara back in November 2014. In a speech that lasted 49 minutes, the Congress vice-president was at his aggressive best as he revealed the alleged reasons behind the Prime Minister's demonetisation move. (more...)
Dow Jones edges back from record close
- December 22, 2016

TRAVEL LIGHT: Cruise line operator Carnival reported profit and sales that were stronger than expected. The blue-chip index gained 92 points on the day, or 0.5 percent, to close at 19,974. "We expect U.S. banks will request more buybacks to optimize capital by 2019", and even if a U.S. Department of Labor tightening restrictions on financial advisers is scrapped, "expect industry trends to persist to drive down fees", she said. (more...)
DRC Opposition Calls on People to Stop Recognizing Authority of President Kabila DRC Opposition Calls on People to Stop Recognizing Authority of President Kabila
- December 21, 2016

In a statement posted on YouTube on Tuesday, he called the president's actions "treason" and appealed to the Congolese people and the global community to no longer recognize Kabila's authority. The electoral commission cancelled elections due last month, citing logistical and financial difficulties in organising them. However, it is not clear how much influence a largely discredited political opposition holds over an angry and impoverished population and authorities were bracing for unrest. (more...)
The Cost of Volkswagen's Diesel Scandal Just Broke $18 Billion
- December 21, 2016

That amount will cover buyback, fix and cancelled leases for the affected models, as well as $225 million for a fund to mitigate pollution, Cynthia Giles, a senior official with the Environmental Protection Agency ( EPA ) told reporters. U.S. District Judge Charles Breyer said the negotiations were complicated, with many details that needed to be worked out. The automobile maker was using devices and software patches to deceive the officials which led to higher-than-legal levels of pollutant ... (more...)
Oil prices hit $52 as expected Libyan oil boost hampered
- December 21, 2016

Increase in refined fuel products is likely to affect Asia, which is expected to witness growing demand for crude oil next year. The American Petroleum Institute, an industry group, will release its figures on Tuesday, ahead of official government figures due Wednesday. (more...)
Fred's Pharmacy Agrees to Acquire 865 Rite Aid Stores Fred's Pharmacy Agrees to Acquire 865 Rite Aid Stores
- December 21, 2016

Walgreens said in October 2015 it would buy smaller peer Rite Aid for $9.4 billion to widen its US footprint. It seems, despite much whisper and rumor, neither Kroger nor Albertsons will be buying up hundreds of Rite Aids as the chain looks to be acquired by Walgreens Boots Alliance . (more...)
President Obama Blocks Oil Drilling in Arctic and Atlantic Oceans!
- December 21, 2016

Obama, now on holiday in Hawaii and with only a month left in office, said in a statement: "These actions, and Canada's parallel actions, protect a sensitive and unique ecosystem that is unlike any other region on earth". "For years, I have strongly opposed plans to expand drilling operations off the Atlantic Coast. Oil spills and the damage associated with seismic exploration do not respect state boundaries, making drilling anywhere on the Atlantic Coast a threat everywhere on the Atlantic ... (more...)
Patient game plan works for Jurgen Klopp as Everton stall
- December 21, 2016

Liverpool were able to slowly push Everton back into their defensive third and started raining chance after chance against the Toffees. I don't want to be disrespectful so don't misunderstand, but it was like in the first half we said "OK, now we are warm" because it was not too intense for us and they had a lot to do. (more...)
Mortgage rates move higher for the seventh week in a row Mortgage rates move higher for the seventh week in a row
- December 17, 2016

Whether more big increases are ahead is now a hotly debated topic among economists, who have been predicting for years that today's historically low interest rates - which are about half what they were a decade ago - won't last forever. Home loan rates are loosely tied to long-term bond yields, which have been on an upward march. It rose further to 2.59 percent this morning. The change follows Royal Bank of Canada's decision in mid-November to hike its equivalent rate by 30 basis points, ... (more...)
NY to relocate Harlem deer upstate NY to relocate Harlem deer upstate
- December 17, 2016

Perhaps sensing that reality was spinning dangerously off axis in this storyline, the city took a step back: The deer would live, and would be turned over to the state, who would relocate it up state, tweeted the mayor's press secretary in the cattiest concession-tweet ever composed . (more...)
Consumer Price Index (CPI): Inflation Ticks Up, Matches Expectations Consumer Price Index (CPI): Inflation Ticks Up, Matches Expectations
- December 17, 2016

Brown-Forman Corp., the maker of Jack Daniel's whiskey, has raised prices on some of its products and said it faces pressure from higher material costs, including rising prices for wood to make barrels. The Fed has a 2 percent inflation target and tracks an inflation measure which is now at 1.7%. The Fed said in an updated set of forecasts that it foresaw the possibility of another three rate hikes in 2017. (more...)
Cyrus Mistry removed from Tata Teleservices Board
- December 16, 2016

On Monday, Tata Industries shareholders voted to remove Mistry as director ceased to be the chairman of the company inthe first such instance of the embattled executive being ousted from the board since his removal as Tata Groupchairman. Interestingly, less than 18 per cent of the 8.78 crore retail shareholders voted. Holders of Tata Motors ADRs can tell the depositary bank, which holds the carmaker's stock on their behalf, on how to vote at the extraordinary general meeting, according to USA ... (more...)
5 held in Delhi with Rs 3.25 crore in scrapped currencies 5 held in Delhi with Rs 3.25 crore in scrapped currencies
- December 15, 2016

The recovered amount was kept in different suitcases and cardboard box.It was found during interrogation that the money belongs to some Mumbai-based hawala operators, said the officer. The currency was packed to skip detection at the airports. In first incident, Delhi Police raided a hotel in Karol Bagh and recovered Rs 3.25 crore in demonetized notes from five persons, police said. (more...)
Wholesale inflation eases in November
- December 15, 2016

Retail inflation dropped last month to 3.63 per cent from 4.20 per cent in October. Wholesale rates, measured by the wholesale price index (WPI), indicates the annual rate of price rise in bulk buys for traders reflecting the. As per the data, inflation for manufactured articles was 3.20 per cent compared with 2.67 per cent in the previous month. Under manufactured products, sugar prices shot up 31.76 per cent in November 2016 against contraction of 11.22 per cent. (more...)
Rs 37 lakh in Rs 2000 notes seized in Hyderabad Rs 37 lakh in Rs 2000 notes seized in Hyderabad
- December 15, 2016

After he was summoned, the room was opened where cash was found. Though lot many cases of money laundering and fraud businesses were reported, the various cases registered in Jaipur all together mounted to Rs 93.52 lakh in Rs 2,000 currency notes from seven people in Jaipur on Monday. (more...)
Trump invites Senate clash with Tillerson State nomination
- December 14, 2016

By the 1990s, Tillerson was overseeing many of Exxon's foreign operations. And the firm has also represented Russian state-owned oil company Rosneft on a deal with Exxon and other companies related to "difficult-to-extract resources of hydrocarbons in Russia", according to a Baker Botts news release. (more...)
France raises risk level on bird flu to 'high' France raises risk level on bird flu to 'high'
- December 11, 2016

Although no cases of this strain have been detected in the United Kingdom, the disease has already caused high mortality in wild birds in the continent, mostly affecting waterfowl. "They can help to prevent avian flu by keeping their birds indoors and maintaining good biosecurity on their premises, such as disinfecting clothing, footwear and equipment after contact". (more...)
United States judge halts recount, seals Trump win
- December 09, 2016

Michigan's presidential recount appeared in doubt on Wednesday, two days after it started, after a state appeals court said the Green Party candidate's poor showing in the election disqualified her from seeking another look at the vote. "Her entire objective is to audit the Michigan system", Michigan Attorney General's Office John Bursh said in court, where he explained that the recount would potentially cost Michigan taxpayers $5 million. (more...)
Union leader, Trump clash over Carrier deal Union leader, Trump clash over Carrier deal
- December 09, 2016

Carrier is still eliminating 500 factory jobs in Indianapolis and 700 more in Huntington. "[Trump] needs to worry about getting his Cabinet filled", he said , "and leave me the hell alone". Jones said the number of Carrier jobs actually saved is about 800, while some 550 jobs will still be lost from the factory to Mexico. Vice President-elect Mike Pence, who is also the governor of IN, gave a very different description of the union back IN March. (more...)
Zac Efron Tweets New 'Baywatch' Teaser Clip Zac Efron Tweets New 'Baywatch' Teaser Clip
- December 09, 2016

In a Twitter chat, Priyanka had revealed that she doesn't do a slow-mo run on the beach in the iconic red swimsuit worn by Pamela Anderson and others in the TV show. Directed by Seth Gordon of Horrible Bosses fame (yeah really, this guy made that movie. we are not sure why he made this one either), the Baywatch movie features some scantily clad bodies making some boobs and balls jokes. (more...)
GoDaddy to acquire web services provider Host Europe Group GoDaddy to acquire web services provider Host Europe Group
- December 08, 2016

Currently, the firm owning HEG is the European private equity firm Cinven Ltd [CINV.UL], which acquired their business in August 2013 for around 438 million pounds ($560 million). "Together GoDaddy and HEG will provide even more value for our customers and introduce new solutions to help their ventures succeed", added Pulvermüller. (more...)
Central bank to announce interest rate Central bank to announce interest rate
- December 08, 2016

Total CPI inflation has increased but remains below expectations, in large part due to low food prices, which are expected to increase next year. Indeed, economists expect the U.S. Dawn Desjardins, deputy chief economist with RBC, said her bank assumes the US economy will grow at a firmer pace in 2017. Ahead of the decision, which will cross the wires at 10 a.m. (more...)
Ford sells US$2.8b in auto debt to boost tech spending Ford sells US$2.8b in auto debt to boost tech spending
- December 08, 2016

The stock has a 50 day moving average of $32.87 and a 200 day moving average of $31.38. It has a market cap of $ 49.43B. Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 27th. Using all the ratings on Ford Motor Company (NYSE:F), the mean rests at 2.69. Vetr cut shares of Ford Motor from a "strong-buy" rating to a "buy" rating and set a $13.12 price target for the company.in a report on Tuesday, November 22nd. (more...)
Trump threatens payback for US companies that move abroad
- December 06, 2016

US President-elect Donald Trump has warned of imposing a whopping tax of 35 per cent on products made by American companies that either outsource jobs overseas or build a new factory in another country. "Tariffs that attack only on USA firms are another altogether". Tariffs are meant to give homegrown companies a price edge by making their foreign competitors' products more expensive and to punish foreign countries for unfair trade practices. (more...)
Victor Cruz upset about lack of targets in Giants' loss
- December 06, 2016

Berry punted just four times in the win, dropping two punts inside the 20-yard line, forcing the Giants to traverse a long field if they wanted to score. "Everything is getting better". Soon after, Randy Bullock stepped up for his first field goal at Heinz Field, as he is now the relief man. Randy Bullock: The Giants' Week 1 kicker was signed Saturday by the Steelers to kick in place of of their starter, Chris Boswell (abdomen). (more...)
United Kingdom foreign secretary downplays European Union payment suggestions
- December 05, 2016

He described a suggestion by Brexit Secretary David Davis that the Government would consider paying to maintain access to the single market for British exporters as "a speculation". In a wide-ranging interview, Mr Johnson also defended his stance on free movement rules, saying it was possible for the United Kingdom reduce migration to a "reasonable level" while remaining an "open and dynamic economy". (more...)
Bergdahl seeks pardon from Obama to avert desertion trial Bergdahl seeks pardon from Obama to avert desertion trial
- December 04, 2016

As the [Serial] podcast explains, Bergdahl was trying to create a crisis in order to call attention to what he saw as another crisis: bad leadership within his unit. law. "We're exhausted of Sgt. Bergdahl, who's a traitor, a no-good traitor, who should have been executed ", Trump said to the cheers of a Las Vegas audience. (more...)
Caesars to phase out free parking at 8 Las Vegas resorts Caesars to phase out free parking at 8 Las Vegas resorts
- December 03, 2016

The change comes after Caesars Entertainment Corp. and MGM Resorts International announced they will phase out their free parking and valet services. The company is following MGM which fired off a paid parking policy earlier this year. Love to travel? Get travel tips and ideas sent weekly to your inbox. (more...)
Investor's Watch: Micron Technology, Inc. (NASDAQ:MU) Investor's Watch: Micron Technology, Inc. (NASDAQ:MU)
- December 02, 2016

Revenue for the same quarter is predicted to arrive at $3.71B. Currently, the stock has a 1 Year Price Target of $20.64. A number of other equities analysts also recently commented on MU. The analyst noted that earlier he had underestimated the positive stock price action on back of subtle improvement in the DRAM environment. US based company, Micron Technology, Inc .'s (MU)'s latest closing price distance was 40.52% from the average-price of 200 days while it maintained a distance from ... (more...)
BTIG Research Reaffirms BTIG Research Reaffirms "Buy" Rating for Palo Alto Networks Inc. (PANW)
- December 02, 2016

GTT Communications, Inc. (NYSE:GTT) traded 42659 shares and its share price increased 0.79% to close at $25.50. Palo Alto Networks has 89,800,000 shares which are now outstanding with a price of 136.26 calculating Palo Alto Networks's market capitalisation to 12.24B Dollars. (more...)