Business

Business Taking responsibility for MCD defeat, Delhi Congress chief Ajay Maken resigns
Author: 0 Taking responsibility for MCD defeat, Delhi Congress chief Ajay Maken resigns

Shukla's comments on Rahul Gandhi where she called the party's de facto national head as "mentally unfit" showed that Maken was unable to hold his unit together. "I am going to resign", he said. Earlier in the day Congress MP Shashi Tharoor, while congratulating BJP for its win, mentioned that Congress improved its vote share in the local body elections.

Author: 0 BP plc 32.4% Potential Upside Indicated by Barclays Capital

Numis Securities has "Add" rating and GBX 163 target. Exane BNP Paribas Downgrades the stock to Neutral on 9/14/16 with no specific Price Target. Jefferies Upgrades the company's stock to Buy on 9/12/16 with no specific Price Target. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -1.63%. The Moving Average SMA50 is 3.28% while SMA200 is 3.78%. AstraZeneca plc (ADR) (NYSE:AZN)'s highest estimates of price target are $38.46 and low forecast is $29 based on ...

Author: 0 Saudi minister hints oil cuts could continue

The accord last year between OPEC, Russia and 10 other producers was meant to boost prices by eliminating an inventory surplus of about 300 million barrels over the five-year average - equivalent to three days of global oil production. The International Energy Agency (IEA) said crude in less-visible places, such as barrels outside the developed world and those in floating storage, decreased in the first quarter.

Business Nasdaq hits 6000 mark for the first time ever
Author: 0 Nasdaq hits 6000 mark for the first time ever

Slightly more than two stocks rose for every one that fell on the New York Stock Exchange. Expectations of action on a corporate tax reform plan this week also supported the sentiment. Polls showed Macron, the market's favourite, was likely to beat his far-right rival Marine Le Pen in a deciding vote on May 7.Advancing issues outnumbered declining ones on the NYSE by a 2.27-to-1 ratio; on Nasdaq, a 2.37-to-1 ratio favoured advancers.The S&P 500 posted 82 new 52-week highs and 3 new lows; ...

Author: 0 'Incontrovertible' sarin gas used in Syria: watchdog

The global chemical weapons watchdog has said tests confirmed a nerve agent was used in an attack in Syria earlier this month that killed almost 90 people, and France said it had evidence the Syrian Government was responsible. The Syrian regime and its backers, including Russian Federation, have denied Mr Assad was responsible. "100 percent certain that the attack was "directly ordered and planned by Assad", Israeli Defence Minister Avigdor Lieberman told Israel's Yedioth Ahronoth newspaper ...

Business Newcastle United boss Lee Charnley held in tax probe
Author: 0 Newcastle United boss Lee Charnley held in tax probe

The 39-year-old Charnley became Newcastle's managing director three years ago, having quietly risen through the ranks at a club that has experienced considerable upheaval over the years. "HMRC has arrested several men working within the professional football industry for a suspected Income Tax and National Insurance fraud", an HMRC statement confirmed.

Author: 0 Boosts Smiths Group plc (SMIN) Price Target to GBX 1730

The stock has "Sell" rating by Evercore on Monday, January 30. D E Shaw & Inc accumulated 749,429 shares or 0.02% of the stock. On Monday, August 31 the stock rating was maintained by William Blair with "Buy". Shore Capital reaffirmed a buy rating on shares of Greencore Group plc in a research report on Tuesday, January 31st. The legal version of this story can be read at https://transcriptdaily.com/2017/04/25/jpmorgan-chase-co-boosts-smiths-group-plc-smin-price-target-to-gbx-1730.html.

Author: 0 Barkindo: OPEC, non-OPEC nation committed to restore market stability

US crude oil production has climbed to 9.24 million barrels per day (bpd), according to the latest Energy Information Administration data , making it the world's third-largest producer after Russian Federation and Saudi Arabia. But U.S. stockpiles-and shale production-have cast doubt on whether the production cuts were enough. WTI futures settled at $52.41 a barrel, down 24 cents.

Business Macron meets Muslim leader, hails common ground
Author: 0 Macron meets Muslim leader, hails common ground

Independent centrist candidate Emmanuel Macron reached out to the French Muslim community Wednesday, saying it's fighting on a "common front" alongside the state against Islamic extremism. "I hear Madame Le Pen... anyone who says that they can make it otherwise is both irresponsible and a liar". Looking ahead the GBP EUR exchange rate may advance later this afternoon following the release of the Eurozone's latest Consumer Confidence flash, with analysts predicting that it will rise from -5 ...

Business ABB, IBM partner for industrial artificial intelligence solutions
Author: 0 ABB, IBM partner for industrial artificial intelligence solutions

This content enrichment service, expected to be available later this year, will use Watson's cognitive capabilities to provide a deeper analysis of video and extract metadata such as keywords, concepts, visual imagery, tone and emotional context, providing a unique offering because it applies a range of artificial intelligence capabilities - including language, concepts, emotions and visual analysis - to extract insights.

Business Featured Stock Overview: Banco Santander (Brasil) SA (BSBR)
Author: 0 Featured Stock Overview: Banco Santander (Brasil) SA (BSBR)

As the earnings date approaches, we can see that insider ownership is now 21.00% shares, and institutional ownership is at 0.70% for Banco Santander , S.A. Banco Santander , S.A. (NYSE:SAN) shares have been recently spotted 1.69% away from the 52-week high, and 90.83% away from the 52-week low mark. The stock's 50 day moving average is 5.96 and its 200 day moving average is 5.29.

Author: 0 Trump's threat to withhold sanctuary city funds blocked by US federal judge

Trump had made his threat against sanctuary cities a keystone promise of his presidential campaign. The second statement showed the two California governments that sued to block the order - San Francisco and Santa Clara County - had good reason to believe they would be targeted, Orrick said .

Author: 0 Nasdaq tops 6000 mark for first time ever

Editor's Remarks: The Nasdaq has swelled nearly 12% this year, spurred by a healthy appetite for shares in tech firms, particularly in the "Fang" stocks - Facebook , Amazon , Netflix and Google. After investors around the world eyed the first round of France's presidential election, USA stocks and other global markets closed in the green on Monday.

Author: 0 OPEC panel recommends 6-month extension of oil output cuts

Omani Minister of Oil and Gas Mohammed bin Hamad Al Rumhi said a "quite high" number of producers favored extending the supply restraint agreement. The OPEC has already implemented its commitment while non-cartel countries have implemented over half of the agreed upon cuts.

Author: 0 Oil markets on path to recovery due to Opec deal

What this tells investors is that the current price level of $50-$55 is sufficient for the US upstream players to keep their operations running while pouring more money to advance their technology, he noted. The recovery in USA drilling activity is damping optimism that had sent prices above $53 a barrel after some members of the Organization of Petroleum Exporting Countries voiced support for prolonging production cuts with other nations beyond June.

Business Netflix: Streaming Deals Like Amazon's NFL Deal Not 'Smart For Us'
Author: 0 Netflix: Streaming Deals Like Amazon's NFL Deal Not 'Smart For Us'

Meanwhile, Bloomberg reported that analysts had predicted that Netflix would add 5.49 million new users in the first quarter. "But Netflix clearly had a vision before those devices became so ubiquitous". Hastings also revealed although more than a billion hours of shows are watched weekly at Netflix , they have "YouTube Envy". 'The model works from a consumer perspective because it is such a good value, ' Pachter said.

Author: 0 US THAAD missile defence equipment enters South Korea site

South Korea said on Monday it was in talks about holding joint drills with a U.S. aircraft carrier strike group, as U.S. President Donald Trump called the leaders of Japan and China amid fears North Korea could conduct another nuclear test.

Business French presidential candidate blacklists RT
Author: 0 French presidential candidate blacklists RT

The leader of the La France Insoumise (Unsubmissive France) movement, Jean-Luc Melenchon, who was endorsed by the French Communist Party, has for the first time refused to call on his supporters to vote against the far-right leader Marine Le Pen in the French presidential runoff next week.

Author: 0 Trump wants 15 percent corporate tax rate

The Wall Street Journal first reported Trump's request to cut the corporate tax rate to 15 per cent Monday afternoon. With time running out on his first 100 days in office and no success yet on the Obamacare repeal he promised , President Trump seems eager to turn attention to one of his favorite topics: Tax cuts.

Author: 0 Judge blocks Trump threat to withhold 'sanctuary city' funds

U.S. District Judge William Orrick issued a preliminary injunction in a pair of lawsuits filed by the city of San Francisco and Santa Clara County. It would take an act of Congress to go back and insert a clause declaring these unrelated law enforcement, health-care and poverty grants deliverable only if jurisdictions hand over their illegal immigrants for deportation when the government asks for them.

Business Japan minister resigns over remark about 2011 tsunami
Author: 0 Japan minister resigns over remark about 2011 tsunami

Abe conceded that the public's faith in his administration was lacking following a series of inappropriate remarks made by a number of ministers and parliamentary vice ministers that he had appointed. But analysts said the gaffe could deal a heavy blow to the Abe administration, which puts top priority on promoting reconstruction after the disaster, because people in afflicted areas are harshly criticizing the remarks by Imamura, a 70-year-old LDP lawmaker.

Author: 0 Asian stocks climb on hopes for US tax cuts, budget deal

The Dow Jones Industrial Average rose 252.45 points, or 1.22 percent, to 21,016.34, the S&P 500 gained 17.05 points, or 0.72 percent, to 2,391.2 and the Nasdaq Composite added 48.85 points, or 0.82 percent, to 6,032.67. The Nasdaq is up 642.37 points, or 11.9 percent. And it was not the only big industrial company to cite signs of optimism among customers. Ryder System was among the relatively few stocks to fall on Tuesday.

Author: 0 Crude Oil Prices Recover From Sharp Losses, Supply Concerns Persist

At 532.3 million barrels, crude oil inventories, the EIA said, were near the upper limit of what is typical for the season, despite refineries returning to higher runs after maintenance season. Further weighing on prices was the EIA's Drilling Productivity Report from Monday, which showed that USA oil production is expected to increase by 124,000 bpd in May over April-the largest monthly increase since February 2015.

Business Oil prices can reach $60-65 per barrel
Author: 0 Oil prices can reach $60-65 per barrel

The Organization of the Petroleum Exporting Countries and other leading oil producers have pledged to curb output by 1.8 million barrels per day (bpd), with Russia's contribution of cuts amounting to 300,000 bpd to be gradually phased in. Saudi Arabia Energy Minister Kalid al-Falih said Thursday that a handful of OPEC members have reached a tentative agreement to cut more supply. June Brent crude on London's ICE Futures exchange rose 6 cents, or 0.1%, to $52.99 a barrel.

Business Emirates Airlines throws major shades at United Airlines
Author: 0 Emirates Airlines throws major shades at United Airlines

Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an IL state court on Wednesday to require the carrier to preserve video recordings and other evidence related to the incident. The Chicago Department of Aviation swiftly put the officer who removed Dao on leave, saying he had violated standard procedures and that the agency would not "tolerate that kind of action".

Author: 0 United Puts Off CEO's Added Role as Chairman Amid Dragging Furor

Munoz is able to more exclusively focus on his role as chief executive officer". Also this week, United Airlines and Chicago airport officials missed a deadline for answering questions from by key US senators about the dragging incident aboard a United Express plane.

Author: 0 Mondelez International, Inc.'s (MDLZ)

Adirondack Trust Co. raised its stake in Mondelez International by 7.3% in the third quarter. Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Mondelez International, Inc. The firm earned "Reduce" rating on Wednesday, March 22 by HSBC. At present, 0 analysts call it Sell, while 6 think it is Hold. Mondelez International's dividend payout ratio (DPR) is 72.38%.

Business Fund expresses optimism on Pakistan's economy, projects 5 percent growth for 2017
Author: 0 Fund expresses optimism on Pakistan's economy, projects 5 percent growth for 2017

Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade, according to Chapter 1 of this World Economic Outlook . "Nevertheless, as emphasized in previous WEOs, the outlook for emerging market and developing economies remains uneven and generally below these economies' average performance in 2000-15", wrote Obstfeld.

Business Under Armour Inc (UAA) Receives Underperform Rating from Credit Suisse Group AG
Author: 0 Under Armour Inc (UAA) Receives Underperform Rating from Credit Suisse Group AG

Credit Suisse Group AG (CS) has a mean recommendation of 2, according to data compiled by Zacks Investment Research. Renaissance Technologies LLC boosted its stake in Credit Suisse Group AG by 137.4% in the fourth quarter. Commonwealth Financial Services LLC's holdings in Credit Suisse Group AG were worth $283,000 as of its most recent SEC filing. Morgan Stanley raised shares of Credit Suisse Group AG from an "equal weight" rating to an "overweight" rating in a research note on Friday, ...

Business BHP cuts copper guidance, plans shale sale
Author: 0 BHP cuts copper guidance, plans shale sale

The legal version of this story can be read at https://baseballnewssource.com/markets/bhp-billiton-plc-bbl-upgraded-to-buy-at-zacks-investment-research-updated-updated/537598.html. A number of hedge funds have recently made changes to their positions in BHP. Bhp Billiton Limited (NYSE:BHP) had an increase of 9.8% in short interest.

Business Fox News Hit With 2 More Lawsuits Over Alleged Racial Discrimination
Author: 0 Fox News Hit With 2 More Lawsuits Over Alleged Racial Discrimination

Monica Douglas, a credit and collections manager of Panamanian heritage, claimed she was warned by Slater not to bring her grievances to the human resources department: "I am HR", Slater was alleged to have said. The complaint says O'Reilly refused to allow Wright to discuss growing racial tension in the USA on "The O'Reilly Factor", instead saying the host should call up network executives and "offer to sing the national anthem at the Fox News Town Halls".

Business Trump promises tax reform plan this week
Author: 0 Trump promises tax reform plan this week

Trump said Friday the plan will result in tax cuts for both individuals and businesses. The Trump administration's tax proposal may inflict a short-term hit to revenue but will cover the gap by boosting economic growth over the next decade, Treasury Secretary Steven Mnuchin said.

Author: 0 Official estimate could upend Trump tax plan before release

The first problem is Trump has shown no ability to win Democratic votes in Congress-and his continued refusal to release his tax return has exacerbated partisan opposition. "The tax plan will pay for itself with economic growth", Treasury Secretary Steven Mnuchin said Monday. He has also said he wants to create some sort of "reciprocity" tax that imposes a tariff-like tax on imports from countries that have tariffs against the United States.

Author: 0 French elections: Markets sense relief after French vote

Le Pen, however, is not so lucky, and is even being publicly criticized by her own father, far-right veteran Jean-Marie Le Pen, over what he believes are soft campaign tactics. The anti-EU Ms Le Pen's campaign majored on jobs, security and the threat from Islamic extremism. "If I'd been in her place, I would have had a Trump-like campaign, a more open one, very aggressive against those responsible for the decadence of our country, whether left or right", Mr Le Pen, 88, told RTL radio .

Business United Airlines' CEO finally apologizes
Author: 0 United Airlines' CEO finally apologizes

He has promised to review the airline's passenger-removal policy. The bloodied passenger - Dr. David Dao - screamed as police dragged him off the packed plane in order to fit more crew on board. The officer dragging Dao has been suspended while the city's department of aviation investigates. As of Tuesday, the doctor was still recovering at a Chicago hospital.

Author: 0 Seoul: North Korea holds drills to mark military anniversary

USA ambassador to the United Nations Nikki Haley said Washington and the global community were maintaining pressure on North Korean leader Kim Jong Un but "not trying to pick a fight with him". The announcement of the temporary suspension drew attention during a period of heightened tensions between the USA and North Korea . Analysts had been concerned that North Korea might seek to mark important dates this month - the birthday of the state's founder was celebrated with a huge ...

Business Martin Midstream Partners L.P
Author: 0 Martin Midstream Partners L.P

Cadence Design Systems Inc (NASDAQ:CDNS) has risen 38.18% since September 16, 2016 and is uptrending. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Baird. About 31,592 shares traded. It has underperformed by 13.38% the S&P500. Credit Suisse Group AG upped their price target on shares of EnLink Midstream from $18.00 to $19.00 and gave the company an underperform rating in a report on Friday, April 7th.

Author: 0 North Korea Holds Live-Fire Drills as Trump Calls For Tougher Sanctions

Kim reported from Seoul , South Korea. With North Korea owing at least two-thirds of its trade exclusively to China, the country could impose crippling sanctions on North Korea. The US 7th Fleet said the USS Wayne E Meyer and the South Korean navy's Wang Geon were conducting exercises in waters west of the Korean Peninsula.

Author: 0 Oil set for biggest weekly loss since early March on U.S. supply

West Texas Intermediate for June delivery dropped US$1.07, or 2.1 per cent, to US$49.64 a barrel at 11:12 a.m. on the New York Mercantile Exchange. Leading Persian Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend a deal with non-OPEC producers to curb oil supplies into the second half of the year.

Business Asia tracks French election rally; weak yen lifts Tokyo
Author: 0 Asia tracks French election rally; weak yen lifts Tokyo

Major indexes on Wall Street all gained more than one percent on Monday, a day after centrist candidate and market favourite Emmanuel Macron won the first round of the French presidential election. The benchmark Nikkei 225 rose 1.34 per cent, or 249.49 points, to 18,870.24 by the break, while the broader Topix index of all first-section issues tacked on 1.02 per cent, or 15.24 points, to end the morning session at 1,503.82.

Author: 0 China, Germany must do more to cut trade surpluses

The U.S. Treasury Department said Friday it has retained Japan, China and four other economies on a list of countries it monitors over what it calls potentially "unfair" currency practices. trading partners warrant being placed on the monitoring list for special attention: China, Germany, Japan , Korea, Switzerland and Taiwan. Commerce Secretary Wilbur Ross has said that the issue of "currency misalignment" - which could also include unintentional devaluations - will be addressed in a study ...

Author: 0 Cavaliers getting the better version of Deron Williams in playoffs

Paul George had 15, but missed a 3-pointer that could have forced overtime in the closing seconds. Lance Stephenson led the Pacers with 22 points and six rebounds off the IN bench before fouling out late. "LeBron willed us home, 41, 12 and 13, played the whole second half", Cavaliers coach Tyronn Lue told reporters. 6 Milwaukee Bucks series, and after the Raptors surrendered Game 1 on their home floor, that matchup seems destined for seven games.

Business Trump's 'big announcement' on tax to be broad principles
Author: 0 Trump's 'big announcement' on tax to be broad principles

The rate reduction - which independent budget experts say could cost the federal government US$2.4 trillion over a decade - is larger than what House Republicans had proposed in their own plan. "Under static scoring, there will be some short-term issues", said Mnuchin, one of the plan's key architects. Advisers said Trump is eager to make a mark on a top issue before the 100-day anniversary of his administration, after being frustrated by House Republicans over the failure to advance ...

Author: 0 Saudi Energy Minister Praises OPEC Oil Price Boost

Inventories have been heading back down in the USA and dropped by 1 million barrels in the latest week, the Energy Information Administration said Wednesday, a smaller drop than expected. This is part of the production cuts that the oil-producing kingdom had agreed to as a member of OPEC. Oil prices jumped by more than 10 per cent following the deal with worldwide benchmark Brent crude now trading above $55 per barrel.