Business


Slight drop for gas prices in Florida Slight drop for gas prices in Florida
- August 14, 2017

The Dearborn-based auto club says late Sunday the average price for self-serve regular unleaded gasoline was about $2.49 per gallon. The national average has remained the same in the last week to $2.34/g; an increase of 9.8 cents per gallon higher than last month. (more...)
VF Corporation to buy Williamson-Dickie Mfg for $820m VF Corporation to buy Williamson-Dickie Mfg for $820m
- August 14, 2017

Steve Rendle, president and CEO of VF, identified the $30 billion global workwear market as a key opportunity for the company during its Investor Day in March. Co., a family-owned workwear company. With the acquisition, VF said its revenue will rise 3.5 percent to $11.85 billion compared with the previous prediction of $11.65 billion. (more...)
Quarterly EPS analysis of Coca-Cola Company (The) (NYSE:KO)
- August 14, 2017

ADV increased its position in Coca-Cola Company (The) by 2.2% in the second quarter. Shell Asset Management Co. raised its stake in Coca-Cola Company (The) by 0.5% in the first quarter. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)'s dividend payout ratio (DPR) is 154.17%. Suntrust Banks Inc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $194.46 billion market cap company. (more...)
Garden Bridge Trust to shut down Garden Bridge Trust to shut down
- August 14, 2017

The Trust cited that lack of support from Sadiq Khan, and the office of the Mayor of London left it with "no choice" but to scrap the project. In a letter to Mr Khan, issued this morning, Lord Davies of Abersoch, the chairman, accused him of making "inaccurate statements to the media" and refusing to meet with the trust to discuss the scheme, which was originally the brainchild of... (more...)
Bitcoin has broken $4000 Bitcoin has broken $4000
- August 14, 2017

Motivated by the surging price and increased demand, big currency players like Goldman Sachs and JP Morgan are actively promoting Bitcoin to clients and portfolio managers. Because of a cap on the amount of data processed by bitcoin's blockchain, transactions started to slow as its popularity boomed. According to the Central Bank of Russia, Moscow will develop a national cryptocurrency over the next two-to-three years, Gazeta.ru reports. (more...)
Sensex surges 235 pts as geo-political tensions ease Sensex surges 235 pts as geo-political tensions ease
- August 14, 2017

For the week ahead, chartists predict trading range of 30,700-31,800 and 9,525-9,925 for the benchmark indices. The NSE Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15. The easing of geopolitical tensions between United States and North Korea had a positive impact on the market, according to media reports. The S&P BSE metal index augmented by 433.49 points, followed by the consumer durables index by 432.96 points, and the capital goods index by 349.96 points. (more...)
Merck CEO resigns from Trump council after Charlottesville Merck CEO resigns from Trump council after Charlottesville
- August 14, 2017

Tesla CEO Elon Musk resigned from the manufacturing council in June, and two other advisory groups to the president, after the USA withdrawal from the Paris climate agreement. A woman was killed on Saturday when a vehicle rammed into a crowd protesting against a white supremacist rally. A White House official, speaking on the condition of anonymity, later put out a statement which said, "The president said very strongly in his statement yesterday that he condemns all forms of violence, ... (more...)
Uber drivers allowed tips and to charge passengers for keeping them waiting Uber drivers allowed tips and to charge passengers for keeping them waiting
- August 14, 2017

And in a feature launching on August 22, if a driver waits for more than two minutes for the passenger after arriving at the pick-up point then the passenger will be charged at least 20p a minute. Uber said it will make its ratings system fairer and allow drivers to turn down riders they do not wish to take more quickly, which will make it faster for them find a new ride. (more...)
Financial Review of MagnaChip Semiconductor Corporation (NYSE:MX) Financial Review of MagnaChip Semiconductor Corporation (NYSE:MX)
- August 14, 2017

Finally, FTB Advisors Inc. increased its stake in shares of ON Semiconductor Corporation by 499.9% in the first quarter. GTT Communications, Inc. (NYSE:GTT) shares were last seen down -3.61% at $29.40, which is 24.2% higher than the previous trading session. (more...)
Global stocks, dollar extend slide as US, North Korea tensions intensify Global stocks, dollar extend slide as US, North Korea tensions intensify
- August 14, 2017

MSCI's broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS was down 0.2 percent in early trading, while Japan's Nikkei was 1.2 percent lower as the stronger yen sapped investors' appetite. While the German DAX Index has inched up by 0.1 percent, the U.K.'s FTSE 100 Index and the French CAC 40 Index are down by 0.9 percent and 1 percent, respectively. (more...)
Big Ben To Fall Silent For FOUR Years Next Week Big Ben To Fall Silent For FOUR Years Next Week
- August 14, 2017

One working clock face will remain visible at all times, telling the time silently, and it will be powered by a modern electric motor until the original clockwork mechanism is reinstated. The chimes Londoners hear every 15 minutes are four "quarter bells", which will also be silenced. Big Ben , Westminster's famous hour bell. The current Big Ben is actually the second Bell manufactured for the tower. (more...)
Host Hotels & Resorts, Inc. (NYSE:HST) Position Increased by Sei Investments Co
- August 14, 2017

Automatic Data Processing (NASDAQ:ADP) has risen 15.83% since August 11, 2016 and is uptrending. It has underperformed by 2.87% the S&P500. The company posted earnings of $1.44 B for the period end, compared to the average forecast of $1.43 B. (more...)
Taylor Wimpey plc (TW) Given Taylor Wimpey plc (TW) Given "Buy" Rating at Deutsche Bank AG
- August 14, 2017

Other equities analysts also recently issued reports about the company. Finally, Deutsche Bank AG cut shares of Intertek Group plc to a "hold" rating and boosted their price target for the stock from GBX 4,150 ($54.04) to GBX 4,200 ($54.69) in a research report on Thursday, June 29th. (more...)
WPI inflation for apparel rises 2.1% in July 2017 WPI inflation for apparel rises 2.1% in July 2017
- August 14, 2017

India's wholesale price index in July rose 1.88% from a year earlier, after easing for four months, government data showed on Monday. In June, the prices had contracted by 3.47 percent. Prices of non-food articles fell (-) 6.32 percent, compared with 8.96 percent a year ago, while fuel and power inflation stood at 4.37 percent as against (-) 9.70 percent last year. (more...)
Futures lower as N.Korea tensions extend to third day Futures lower as N.Korea tensions extend to third day
- August 14, 2017

The S&P was, however, on track to post its biggest weekly loss in about five months and the Dow on course to record its biggest weekly fall in almost four months. Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis. Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific with a military base. (more...)
GoDaddy tells neo-Nazi site behind Virginia rally to find another domain GoDaddy tells neo-Nazi site behind Virginia rally to find another domain
- August 14, 2017

After getting inundated with tweets from activists, including Amy Siskind , who sent screenshots of the degrading post to the company, GoDaddy said it would no longer host The Daily Stormer because the neo-Nazi website had violated the company's terms of service. (more...)
Asian Shares Mostly Higher Despite Weak China Data Asian Shares Mostly Higher Despite Weak China Data
- August 14, 2017

Meanwhile, fixed asset investment rose 8.3% in the first seven months this year. -North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen. Spreadbetters expected the upward momentum for equities to continue in Europe, forecasting Britain's FTSE to open 0.2 percent higher, Germany's DAX to start 0.25 percent higher and France's CAC to open up 0.3 percent. (more...)
Astros get Clippard in trade with White Sox Astros get Clippard in trade with White Sox
- August 14, 2017

Clippard was traded from the New York Yankees to Chicago in a seven-player deal on July 18. The Astros lead the American League with a 72-45 record. This marks the fifth trade made by Hahn since the All-Star Game, including moves that sent Jose Quintana to the Cubs, Dan Jennings to the Rays, Anthony Swarzak to the Brewers, the trio of players to the Yankees and Melky Cabrera to the Royals. (more...)
Wall Street falls on North Korea concerns Wall Street falls on North Korea concerns
- August 14, 2017

The Korea tensions though have seen both US and European markets this week push back expectations of when the Fed and ECB might hike interest rates. "There's not a great incentive to buy big", said Lerner of SunTrust Advisory. On Thursday, Federal Reserve Bank of New York President William Dudley offered a positive outlook for the US economy, job market and inflation , saying better conditions would help support the most vulnerable Americans. (more...)
Japan GDP Surges 1.0% In Q2 Japan GDP Surges 1.0% In Q2
- August 14, 2017

Sluggish growth in wages has cast a shadow over whether Japan can achieve sustainable economic growth led by domestic demand, even though the latest GDP figures show consumer spending has improved. "Consumption gains could slow a little in the followingquarter, but the foundations for a recover in consumer spendingare in place". Nominal GDP jumped 1.1 percent on quarter, beating forecasts for an increase of 0.7 percent following the 0.3 percent decline in the previous three months. (more...)
North Korea: No Imminent Threat Of Nuclear War, Says CIA Chief
- August 14, 2017

The intercontinental ballistic missile tested twice in July is believed to have the ability to strike American cities across the continental U.S. Over the past week, North Korea has signaled its intentions to fire intermediate-range ballistic missiles towards Guam, home to numerous U.S. (more...)
U.S. officials say confrontation with North Korea not imminent U.S. officials say confrontation with North Korea not imminent
- August 14, 2017

In a weekend call with Mr Trump, Chinese President Xi Jinping called for all sides to maintain restraint and avoid inflammatory comments. On Friday, the Trump wrote : "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely". (more...)
Asian stocks fall as North Korea, US tensions escalate
- August 14, 2017

Pyongyang said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base. Kathleen Brooks, research director at City Index Direct, said: "The Swiss franc is the safe haven of choice today as risk sentiment gets hit from escalating nuclear fears between the USA and North Korea". (more...)
Amazon offers refunds for dodgy solar eclipse glasses Amazon offers refunds for dodgy solar eclipse glasses
- August 14, 2017

A lot of folks have been gearing up for the event that will - depending on where you are - either totally block out the sun or partially block it as the eclipse moves across the North American hemisphere on August 21st. Both NASA and the American Astronomical Society advise people to use solar eclipse glasses from recommended manufacturers. Look for the ISO 12312-2 (sometimes written as ISO 12312-2:2015) global safety standard marker. (more...)
Global safe-haven trades jump on escalating North Korea tensions Global safe-haven trades jump on escalating North Korea tensions
- August 14, 2017

Materials, a sector that includes gold producers and other resource-based companies, was the lone gainer among the index's 10 main sectors, rising 0.7 per cent. The overall financials group, which accounts for roughly a third of the index, declined 1.4 per cent, while energy shares also fell 1.4 per cent as oil prices turned down. (more...)