Business


Oil Prices Little Changed After OPEC Meeting Oil Prices Little Changed After OPEC Meeting
- September 25, 2017

Goldman Sachs said that talks over extending cuts are "noteworthy but premature", adding "we believe it is unlikely that committee will recommend extension of cuts this week". OPEC and its allies have been considering extending the deal beyond the end of March when it is due to expire. Meanwhile, the UAE's energy minister said its compliance to supply cuts was 100 per cent. (more...)
ABB to Buy GE Industrial Solutions for $2.6 Billion ABB to Buy GE Industrial Solutions for $2.6 Billion
- September 25, 2017

With the transaction, ABB will realise $200m in annual cost synergies in five years from now. Atlanta, Georgia-based GE Industrial Solutions makes circuit breaks, switchboard panels and other electrical grid hardware used by industry and residential clients. (more...)
IT raid on Coffee Day Enterprises in Chikkamagaluru ends IT raid on Coffee Day Enterprises in Chikkamagaluru ends
- September 25, 2017

Coffee Day Enterprises Ltd is owned by VG Siddhartha , the son-in-law of former External Affairs Minister and former Karnataka Chief Minister SM Krishna. An employee serves coffee at a Cafe Coffee Day outlet in Mumbai, November 2, 2015. A first generation entrepreneur, Mr Siddhartha had founded Cafe Coffee Day with its first cafe on Brigade Road in Bengaluru in 1996. (more...)
Session Recap: Viewing Unusual Volume for Compass Minerals International, Inc. (NYSE:CMP)
- September 25, 2017

Jnba invested 0.03% of its portfolio in Compass Minerals International, Inc . First Advisors Limited Partnership accumulated 266,374 shares. Over the last three months, the shares of the company have changed 7.96% and performed 10.35% over the last six months. (more...)
Axios: Leaked Tax Plan Details Cut Taxes for Highest Earners Axios: Leaked Tax Plan Details Cut Taxes for Highest Earners
- September 25, 2017

Trump tweeted that health premiums have risen dramatically for Alaskans under the health law, "deductibles high, people angry!" House conservatives have demanded for months that any tax cut plan be spelled out in detail and be packaged with hundreds of billions of dollars in spending cuts. (more...)
Facebook backs off plan for non-voting shares
- September 25, 2017

Facebook CEO Mark Zuckerberg said the plan was meant to allow him to fund his philanthropic efforts by selling stock while still continuing to control the company. Zuckerberg expected to sell 35 to 75 million Facebook shares during the coming 18 months to fund philanthropic work in education, science, and advocacy through the Chan Zuckerberg initiative. (more...)
Academy welcomes bipartisan support to establish an Australian space agency Academy welcomes bipartisan support to establish an Australian space agency
- September 25, 2017

Northern Territory Chief Minister Michael Gunner will sign his government up to an existing memorandum of understanding between the latter states at the International Astronautical Congress in Adelaide on Monday. The ACT and South Australian governments announced a joint bid for the establishment of such an agency, in August. But it turns out Australia is the only developed nation without a space agency, so now it's our time to jump on board. (more...)
USGS can not confirm if N Korea quake natural or manmade USGS can not confirm if N Korea quake natural or manmade
- September 25, 2017

Even if successful, such a test could endanger air and sea traffic in the region. But they're also not ruling it out given the North's increasing number of nuclear and missile tests. "Although I am sure such a launch would be very alarming to people in Japan, there is little the United States or Japan could do", he said. "I think that was clever for them to specify the worst-case test while still leaving room to walk away from it", Narang told CNN. (more...)
Sydney airport chaos as system outage grounds planes Sydney airport chaos as system outage grounds planes
- September 25, 2017

Air Services Australia said there has been a "system software failure". Hundreds of passengers were affected after power in the traffic systems operations went down about 5am on Monday. "We are working to have all guests on their way as quickly and safely as possible once the issue is rectified". Travellers have been urged to check their flights before heading to the airport. (more...)
Alibaba Group Holding Limited (BABA) Shares Sold by Greenwoods Asset Management Ltd
- September 25, 2017

The stock of General Electric Company (NYSE:GE) earned "Hold" rating by Standpoint Research on Thursday, June 29. With an institutional ownership near 39.8%, it carries an earnings per share ratio of 3.01. The rating was maintained by Barclays Capital with "Overweight" on Monday, October 5. The rating was downgraded by UBS to "Sell" on Thursday, January 7. (more...)
Seahawks stay in locker room during national anthem before Titans game
- September 25, 2017

I confirmed that leading Seahawks players and coach Pete Carroll met Saturday at their team hotel to agree on how to word the official statement. We're not participating in the anthem today - not to be disrespectful to the anthem, but to remove ourselves from the circumstance. (more...)
Big Fourth Quarter Pushes Clemson Past BC Big Fourth Quarter Pushes Clemson Past BC
- September 25, 2017

The game was deadlocked at 7 going into the fourth quarter, before the Tigers rattled off 27 unanswered points. "Three hundred and forty-two yards rushing - you're going to win a lot of games when you run the ball". "But when we needed it, we got it". Following in the footsteps of Brandon Wimbush , who ran circles over the Eagles last weekend, Bryant toted the rock 22 times on Saturday for 106 yards and one touchdown. (more...)
Tensions escalate rapidly as United States flies bombers near North Korean border Tensions escalate rapidly as United States flies bombers near North Korean border
- September 24, 2017

North Korea has responded in kind to the U.S. President Donald Trump's threat to "totally destroy" the country . The Pentagon issued a statement after the mission was completed and confirmed that it was designated to show the many military options U.S President Donald Trump had to deal with the grave threat presented by the North Korean nuclear program. (more...)
Japan, France to work closely over N. Korea Japan, France to work closely over N. Korea
- September 24, 2017

During their talks that lasted for about an hour, the three leaders agreed to lobby other U.N. member nations, including China and Russian Federation, which have called for greater dialogue with North Korea, to fully implement a U.N. "By failing to resolve the abduction, nuclear weapons and missiles issues, and by becoming a threat to all humanity, there is absolutely no future that North Korea can open up for itself", he said. (more...)
Pure Storage, Inc. (PSTG) Position Increased by Rhumbline Advisers
- September 24, 2017

BlackRock Inc. boosted its stake in Pure Storage by 18,167.3% in the first quarter. They now have a United States dollars 11.5 price target on the stock. PSTG's 50-day average is $13.63 and its two hundred day average is $12.13. The stock of Pure Storage Inc (NYSE: PSTG ) hit a new 52-week high and has $16.38 target or 7.00 % above today's $15.31 share price. (more...)
ICC anti-corruption unit launches probe in Sri Lanka ICC anti-corruption unit launches probe in Sri Lanka
- September 24, 2017

But the ICC itself has now publicly established ACU officers have recently visited Sri Lanka in relation to an investigation. "The ICC Anti-Corruption Unit works to uphold integrity in cricket and this includes conducting investigations where there are reasonable grounds to do so", said the ICC in an official release it put out on its website, "There is now an ACU investigation underway in Sri Lanka". (more...)
Shell Midstream Partners, LP (NYSE:SHLX) Stock Rating Reaffirmed by Stifel Nicolaus Shell Midstream Partners, LP (NYSE:SHLX) Stock Rating Reaffirmed by Stifel Nicolaus
- September 24, 2017

It has outperformed by 133.95% the S&P500. Citigroup Inc. reiterated a "neutral" rating and set a $16.25 target price (up from $14.00) on shares of Enable Midstream Partners, in a report on Thursday, June 1st. 0 analysts call it Underweight, while 1 think it is Overweight. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin. (more...)
Olympic champion Eliud Kipchoge wins Berlin Marathon Olympic champion Eliud Kipchoge wins Berlin Marathon
- September 24, 2017

It was the veteran Kipchoge who finished first in 2:03:32, 35 seconds off of Dennis Kimmetto's world record of 2:02:57, set at the 2014 Berlin Marathon. The rainy and humid weather kept both runners slightly off world record pace. The 52-year-old Kennedy ran the London Marathon while playing a mandolin. (more...)
Remarkable Rossi on front row as Vinales takes Aragon pole Remarkable Rossi on front row as Vinales takes Aragon pole
- September 24, 2017

However, the 38-year-old, who limped to his bike, did enough to make it into the second qualifying session, proving he is not in Aragon to make up the numbers. In FP4 I did not have a good feeling on my Ducati and in those conditions you can not be fast. Throughout the build-up to this weekend's race Rossi has managed to stay out of trouble, the Italian knowing any kind of accident would like be a serious problem in his ongoing recovery. (more...)
China Says North Korean Quake 'Suspected Explosion' China Says North Korean Quake 'Suspected Explosion'
- September 24, 2017

The administration had said earlier the magnitude 3.4 quake detected at 0829 GMT was a "suspected explosion". Atmospheric tests of nuclear-armed missiles, as NPR's Geoff Brumfiel reported , are risky for a host for reasons, including the potential for sending nuclear fallout in unpredictable patterns and, if a test were to be administered by North Korea, in the direction of the U.S. (more...)
Nikkei soars to two-year high on yen fall, Wall Street rise Nikkei soars to two-year high on yen fall, Wall Street rise
- September 24, 2017

ANALYST TAKE: "Details on balance sheet reduction will be of interest, but crucially the committee will extend its rate outlook in 2020, and this could give us a good sense of the end-point for the interest rate in this current tightening cycle", said Chris Beauchamp, chief market analyst at IG. (more...)
Texas Instruments Incorporated (TXN) Expected to Post Earnings of $1.12 Per Share
- September 24, 2017

Concert Wealth Management Inc. holds 1.5% of its portfolio in Resonant Inc for 348,202 shares. It also reduced its holding in International Business Machine (NYSE:IBM) by 2,678 shares in the quarter, leaving it with 21,231 shares, and cut its stake in Jpmorgan Chase & Co. (more...)
Does North Korean H-bomb threat push US closer to war? Does North Korean H-bomb threat push US closer to war?
- September 24, 2017

North Korea's Foreign Minister seemed to confirm this on the sidelines of a global United Nations meeting in NY, telling reporters that Kim's comments could mean that North Korea will conduct an H-bomb test in the Pacific. "Sure, I've had my problems with President Trump, such as everything he has said and done", he continued, "but I'm not going to stand here, as an American, and let somebody from another country talk smack about our president". (more...)
Japan's Nikkei leads gains as Asia traders stay optimistic Japan's Nikkei leads gains as Asia traders stay optimistic
- September 24, 2017

Also helping risk appetite were expectations of a snap election. US crude rose 1.5 percent to $50.65 per barrel and Brent was last at $55.86, up 1.75 percent on the day. On Monday, the pound was a shade softer at $1.3585 but not far from the peak of $1.3615. German equivalents, the benchmark for euro zone borrowing costs, fell 1.3 bps to 0.44 percent. (more...)
Amazon's investment arm to buy 5% stake in Shoppers Stop Amazon's investment arm to buy 5% stake in Shoppers Stop
- September 24, 2017

Amazon's investment arm plans to buy 5% stake in department chain Shoppers Stop for about Rs180 crore, indicating its intention to use physical stores as one of its sales drivers in India. This partnership will leverage Shoppers Stops brand assortment and Amazon.reach to create a superlative omni- channel retail experience for consumers across the country. (more...)

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