Business

Author: 0 Oil Tumbles as OPEC Cuts Disappoint

An extension of a managed production decline agreement led by OPEC won't have much of a long-term impact on crude oil prices, Wood Mackenzie found. USA oil production has already risen by more than 10 percent since mid-2016 to more than 9.3 million bpd, and OPEC's contribution to the cuts - 1.2 million bpd - could be completely eaten up by rising US production by year-end, according to RBN Energy.

Business Polls show Conservative lead dwindling one week before voting begins
Author: 0 Polls show Conservative lead dwindling one week before voting begins

The news came after a string of opinion polls show a narrowing lead for May's Conservatives, shaking the confidence among investors that May would easily win a majority in a national election on June 8. The latest YouGov voting intention figures sees voting intention for the Conservatives down one point to 42% from the 43% it was at the weekend.

Author: 0 U.S. unemployment hits lowest level since 2001

That was down a bit from April and was modestly below economists' expectations . Curt Long, National Association of Federally-Insured Credit Unions Chief Economist, said the May jobs report was a disappointment due to job growth failure and failed expectations.

Business Michael Bloomberg Is Happy To Bankroll The Paris Climate Accord
Author: 0 Michael Bloomberg Is Happy To Bankroll The Paris Climate Accord

Tesla Inc Chief Executive Officer Elon Musk and Walt Disney Co CEO Robert Iger reacted by leaving White House advisory councils after Trump's move. Pruitt fueled doubt that the administration is genuinely open to re-entering a global climate pact, saying any deal to cut USA emissions would require consent from the Senate.

Author: 0 Distrust Grows in Illinois Budget Talks

The bill has been put on hold in the House to ensure that it contains all of the proper language is present before being passed on to the Senate . That's Rauner's preferred budget recipe, and he has said that pairing the two is the only way he'd approve a spending plan.

Business Kinder Morgan Canada says pipeline facing obstacle has 'met every test'
Author: 0 Kinder Morgan Canada says pipeline facing obstacle has 'met every test'

The institutional investor held 10.66M shares of the public utilities company at the end of 2016Q4, valued at $220.87M, down from 11.07 million at the end of the previous reported quarter. The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.125 dividend.

Author: 0 Hillary Clinton takes jab at President Trump on Twitter

Clinton blamed the Democratic National Committee for what she perceived to be an ineffective campaign operation. Former FBI Director James Comey , Facebook, The New York Times , Russia, WikiLeaks, misogyny, the pressure of high expectations and the Democratic National Committee have been among the people, organizations and attitudes Clinton has saddled with responsibility in recent days for her stunning November loss.

Author: 0 Oracle Corp (NYSE:ORCL) Institutional Investor Sentiment Analysis

Comgest Global Sas holds 118,100 shares. 03/16/2017 - Oracle Corporation had its "overweight" rating reiterated by analysts at Barclays. Deutsche Bank has "Hold" rating and $40 target. Wilkins Counsel owns 8,500 shares. Union Bancshares Corporation has invested 1.11% in Oracle Corporation (NYSE:ORCL). Mawer Management Limited invested 1.21% of its portfolio in Oracle Corporation (NYSE:ORCL).

Author: 0 White House Won't Confirm Or Deny Trump's 'Covfefe' Tweet Was A Typo

A search on amazon turned up many items sporting the President's puzzling word including books, music, and covfefe mugs. "Sean Spicer tomorrow", read one tweet, mentioning the President's spokesman. including those that are subsequently deleted". Now - a mere five hours and 126,000 retweets after posting it - Mr Trump has apparently confirmed that the post was a mistake by removing it from the site.

Author: 0 Does Trump Believe In Climate Change? White House Won't Say

Former Mexican President Vicente Fox said on Twitter that Trump is "declaring war on the planet itself". While Trump argued the landmark 2015 accord hurts U.S.jobs and business, others took a more global view. Trump's zero-sum gain perspective on the deal isn't useful. He could have adjusted, even minimized, the US commitment without trashing the framework.

Business 10 troops killed in Philippine military air strikes
Author: 0 10 troops killed in Philippine military air strikes

The government is concerned that the group's brazen attack and its resilience could strike a chord with the Islamic State leadership in the Middle East and win its endorsement as its Southeast Asian affiliate. Lorenzana also warned that many militants may have escaped, despite checkpoints throughout the city and surrounding it. He made no mention of the killing of soldiers by air force planes in a speech on Thursday.

Author: 0 Todays Trade: JC Penney Company's (JCP) "Neutral" Rating Reaffirmed at Citigroup Inc

D E Shaw &, a New York-based fund reported 244,178 shares. First Limited Partnership holds 0.01% in J C Penney Company Inc (NYSE:JCP) or 228,496 shares. Volume on the day was 1.65 million shares. $2.28M worth of Intuit Inc. (NASDAQ:QCOM) shares were sold by Murphy John Francis. The performance for week is -1.91% and the performance for quarter is at 8.64%.

Business Penguins, Predators face unusual extra time off in Cup Final
Author: 0 Penguins, Predators face unusual extra time off in Cup Final

Get ready for noise inside and outside of Bridgestone Arena tonight as the Nashville Predators and Pittsburgh Penguins play Game Three of the Stanley Cup final . That's not typically a blueprint for success , but in the small-sample environment of postseason hockey, an opportunistic team with as much talent as Pittsburgh can apparently survive playing that way.

Author: 0 Bond expects Bumrah to fire in Champions Trophy

Rohit Sharma felt Mumbai Indians' "team unity" made the difference after they won a record third Indian Premier League title with a dramatic one-run victory over Rising Pune Supergiant on Sunday. The former New Zealand skipper said though Pune was "not the most skilled side in the tournament", it created an environment for players to excel. “It was fantastic to have him throughout the season.”.

Business Lloyds Banking Group completes acquisition of consumer credit card firm MBNA
Author: 0 Lloyds Banking Group completes acquisition of consumer credit card firm MBNA

On Tuesday, March 7th, Antonio Horta-Osorio acquired 219 shares of Lloyds Banking Group PLC stock. UBS Limited is acting as financial adviser to Lloyds Banking Group and no one else for the objective of the transaction described herein and will not be responsible to anyone other than Lloyds Banking Group for providing the protections offered to clients of UBS Limited nor for providing advice in relation to such transaction.

Author: 0 Tale of the Tape: Vipshop Holdings Limited (NYSE:VIPS) Moves 2.13%

Institutional investors now hold around $4.78 billion or 81.5% in VIPS stock. According to analysts Vipshop Holdings Ltd (NYSE:VIPS)'s minimum EPS for the current quarter is at $0.17 and can go high up to $0.22. Several research firms recently weighed in on VIPS. Brean Capital has "Buy" rating and $17 target. Vipshop Holdings Limited (VIPS ) reported sales (ttm) of 8.24 Billion, whereas, 11 number of analysts estimated the mean sale of 17324.7 million.

Business The Nordstrom, Inc. (JWN) Downgraded to
Author: 0 The Nordstrom, Inc. (JWN) Downgraded to "Buy" at Vetr Inc

For the Current Quarter, the growth estimate for Nordstrom Inc .is -6%, while for the Next Quarter the stock growth estimate is -23.8%. The company was initiated on Tuesday, November 10 by Guggenheim. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Wednesday, May 24th. Nordstrom's payout ratio is now 79.14%.

Business Suspect dead, 3 officers injured in Texas shootout
Author: 0 Suspect dead, 3 officers injured in Texas shootout

Baeza confirmed that the Laredo officers that engaged Rodriguez were in the area looking for the murder suspect when they spotted his vehicle parked outside the convenient store. When the smoke cleared, three officers and the man had been injured. The airlifted officer is now in critical but stable condition at University Hospital in San Antonio.

Author: 0 Boom or Bust? Is there any value in Pepsico, Inc. (NYSE:PEP)?

Vetr raised shares of PepsiCo from a "buy" rating to a "strong-buy" rating and set a $125.54 price target on the stock in a report on Wednesday, May 3rd. (NYSE:PEP) shares with value of $3.22 million were sold by Gallagher Marie T. Shares for $605,735 were sold by Tanner Kirk on Wednesday, March 1. Gluskin Sheff & Assoc Inc sold 119,220 shares as Pepsico Inc.

Author: 0 British Airways boss 'won't resign' after flight chaos

Cruz has faced calls to resign over the IT glitch, which has been blamed on cost cutting that led to IT services being outsourced to India a year ago. Passengers who have had flights cancelled will be eligible for compensation as we don't consider this event to be an extraordinary circumstance. The union spokesperson said it could have been avoided had "hundreds of dedicated and loyal" not been replaced by cheaper Indian staff in 2016.

Author: 0 British Airways IT crash leaves thousands stranded; outsourcing to India blamed

An IT systems failure forced BA to scrap nearly 600 flights in and out of Heathrow and Gatwick airports in London , leaving passengers stranded in the British capital and around the world. "I know this has been a frightful time for customers". But no-one from the airline has been made available to answer questions about the system crash, and it has not explained why there was no back-up system in place, the BBC reported.

Author: 0 Thornberry: Paris deal isn't 'whole universe of climate change'

He believes that even if other countries raise their targets, they'd not be able to fill the void left by the US. "Murray Energy has always supported complete withdrawal from the Paris Climate Accord.", Murray continued. The US military also faces risks less than a day's drive from the White House . However, Republican congressional leaders and the United States coal industry backed the move, with Senate Majority Leader Mitch McConnell supporting Mr Trump "for dealing yet another ...

Business No compromise in fight against Mali militants, says Macron
Author: 0 No compromise in fight against Mali militants, says Macron

At a news conference during his visit Friday to a military base in Mali, Macron said he spoke to German Chancellor Angela Merkel earlier this week about getting more logistical support for the French-led military mission in West Africa. "The road is long. but we are going forward and we will succeed", Keita said. French Finance Minister Bruno Le Maire, named last week, is joining European Union finance ministers for talks Monday and Tuesday expected to focus on Greece's debt problems.

Author: 0 Factors to Note Before Buying Harmony Gold Mining Company Limited (HMY)

Van ECK Associates Corp owned 8.12% of Kinross Gold worth $354,943,000 at the end of the most recent quarter. Sciencast Management LP purchased a new position in shares of Kinross Gold during the fourth quarter valued at about $162,000. This represents a $0.02 annualized dividend and a yield of 0.72%. The stock has lost -4.50%, reaching at $1.91 after hovering between $1.89 and $1.96.

Author: 0 Hillary Clinton says Trump's 'dishonesty' is 'troubling' during BookExpo at Javits Center

The reaction was swift. Had he lost the election, you can bet that he would've been whining about his loss with much more vitriol than Clinton. "I'm going to tell you how I saw it and what I felt and what I thought. These are the strongest statements Clinton has made since her election loss and some of the boldest statements of any prominent Democrat since the election.

Author: 0 Response to Trump Administration's Decision to Withdraw from Paris Agreement

In pulling out of the Paris Agreement , the Trump administration is in opposition to almost 200 countries that signed the agreement. The U.S. only sources about 13 percent of its electricity from renewables. As well it should: Global commitments to keep cutting carbon pollution under the Paris framework represent the world's best hope of avoiding catastrophic climate change and economic ruin.

Author: 0 Stocks Movements to Focus: Encana Corporation (ECA) ,Klondex Mines Ltd. (KLDX)

This represents an increase of approximately 529% compared to the average volume of 3,970 call options. ECA has been the subject of several other reports. While the company's share hit the 52 week high on 01/26/17 stationing the value of $13.85. Point72 Asset Management L.P. boosted its position in shares of Encana Corp by 145.8% in the first quarter.

Author: 0 Putin says he's certain that Syria's Assad didn't use chemical weapons

Russian President Vladimir Putin has said allegations of Russian meddling in the USA presidential election are "fiction" invented by Democrats to explain their loss. Putin and Macron will hold a joint news conference after their talks. Before the leaders' meeting, protestors stood in front of the Eiffel Tower with a sign written in French that translated to: "Stop homophobia in Chechnya".

Business China makes concessions to Germany on electric car quotas
Author: 0 China makes concessions to Germany on electric car quotas

Bloomberg says the federal government doesn't determine how the United States as a whole acts on climate change. Merkel reportedly gave Li her backing for a free-trade deal between the European Union and China, but pointed out that an investment deal would be a precondition to any future trade talks.

Author: 0 Germany's Rock am Ring music festival halted over terror threat

The local police department stated that it had increased security surrounding the festival prior to the terrorist threat in light of the Manchester suicide bombing. Held near the city of Nuerburg, Rock Am Ring annually attracts close to 100,000 music-lovers, and has boosted the festival to high worldwide acclaim.

Author: 0 Crude oil tumbles more than 2% as Libya hikes production

Analysts polled by Reuters expected USA stocks to have fallen by 2.8 million barrels last week, their eighth straight weekly decline. Market technicians tend to pay attention to the relationship between short- and long-term price patterns to help determine an asset's upward or downward momentum.

Author: 0 Millions worldwide to watch Manchester benefit concert

Thorpe's 8-year-old daughter Lily was wounded by shrapnel in her back during the attack. "Lily's face lit up and Ariana was awesome with her". After canceling her upcoming shows in London and Switzerland, Grande organized a star-studded tribute concert in Manchester for the victims .

Business Gov. Baker Commits Massachusetts To US Climate Alliance
Author: 0 Gov. Baker Commits Massachusetts To US Climate Alliance

Now that the US has officially pulled out of the climate agreement, Cook felt he had to say something about it, this time via an email to all of Apple's employees. "It's clear that his strategy is a constant doubling down on his base voters", said Republican consultant Doug Heye . The foundation will provide the $15 million commitment the United Nations climate change secretariat will lose from Washington to ensure there is no disruption in their work, he said.

Author: 0 The Top Three Holders Of DDR Corp. (NYSE:DDR)

For the current year the company's revenue estimates are $887.64 Million compared to low analyst estimates of $851 Million and high estimates of $925.94 Million according to 9 number of analysts. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th.

Author: 0 The Shire PLC (SHP) Rating Reiterated by Citigroup Inc

Among 13 analysts covering Electrocomponents ( LON:ECM ), 3 have Buy rating, 3 Sell and 7 Hold. About 411,646 shares traded. Barclays Capital maintained A.G. It has a 15.94 P/E ratio. Jefferies maintained it with "Hold" rating and GBX 290 target in Thursday, August 13 report. It has underperformed by 16.70% the S&P500.

Author: 0 $513.35 Million in Sales Expected for Teradata Co. (TDC) This Quarter

That suggests something of the likelihood of a short squeeze in shares of TDC. Ambrosio Anthony G also sold $980,322 worth of CBS Corporation (NYSE:CBS) shares. However the six-month change in the insider ownership was recorded -6.9%, as well as three-month change in the institutional ownership was recorded 1.02%.

Business Trump mulling gag on public testimony of ex-FBI chief
Author: 0 Trump mulling gag on public testimony of ex-FBI chief

President Trump will apparently not try to cite executive privilege in an attempt to block the Russian Federation investigation-related testimony of fired FBI director James Comey , according to two senior Trump administration officials who spoke with the New York Times .

Business May Jobs Report: 138000 More On Payrolls; Unemployment Dips Slightly
Author: 0 May Jobs Report: 138000 More On Payrolls; Unemployment Dips Slightly

But the report also showed some sectors were shedding positions, with the struggling retail sector employing 6,100 fewer workers and automakers losing 1,500, amid declining new auto sales. The slowing job growth contrasts with the euphoric observations of President Donald Trump, who in a speech Thursday took credit for "our tremendous, absolutely tremendous economic progress" since his election.

Business Vatican would see US Paris deal exit as slap in face
Author: 0 Vatican would see US Paris deal exit as slap in face

Bishop Marcelo Sánchez Sorondo, the chancellor of the Pontifical Academy of Social Sciences, said that President Trump's decision to pull out of the Paris climate accord is "a disaster for everyone". Pope Francis has not made any public comment so far on Mr. Trump's decision, but he has already made his position abundantly clear on the question of climate change in the encyclical " Laudato Si' " and in his comments around the U.N.'s COP21 summit on climate change in Paris in 2015, the ...

Business Here is What Institutional Investors Think About Lilly Eli & Co (NYSE:LLY)
Author: 0 Here is What Institutional Investors Think About Lilly Eli & Co (NYSE:LLY)

Its down 0.11, from 1.08 in 2016Q3. It has underperformed by 16.70% the S&P500. Eli Lilly and's payout ratio is 80.62%. LLY's SI was 10.76M shares in June as released by FINRA. Investors sentiment increased to 1.22 in Q4 2016. It is negative, as 84 investors sold LLY shares while 380 reduced holdings. 103 funds opened positions while 348 raised stakes.

Author: 0 Here's The Bold Way France Responded To Trump's Climate Deal Exit

In a press conference Friday, Bloomberg promised to coordinate contributions from the U.S.to the climate fund after President Trump announced that he would withdraw from the accord. They can do whatever they want for 13 years, not us. Catherine McKenna, Canadian environment minister, said her country is "deeply disappointed by the USA decision on the Paris accord ".

Business Rahul greets Karunanidhi on his 94th birthday
Author: 0 Rahul greets Karunanidhi on his 94th birthday

Raja said the time had come for the Marxists and leaders of the Dravidian movement to walk shoulder to shoulder against communalism. It was a function attended by top leaders including Rahul Gandhi and Bihar Chief Minister Nitish Kumar to honour DMK Chief Karunanidhi, but the man of the moment was himself absent due to health issues.

Author: 0 Erie County Seeks to Hold Itself to Paris Climate Agreement

Merkel, whose country hosts this year's global climate summit, called Trump's decision "extremely regrettable, and that's putting it very mildly". Nonetheless, Liberal Environment and Climate Change Minister Catherine McKenna also found Trump's resolve to extricate the US from the accord "deeply disappointing" and even suggested that the president will be missing out from the "inevitable" increase in green energy jobs that climate change proponents believe will soon be mushrooming around the ...

Author: 0 Ariana Grande visits Manchester concert bombing victims

USA popstar Ariana Grande visited the victims of the Manchester terror attack in hospital on Friday evening (2 June). Grande is back in Manchester less than two weeks after the attack which left 22 people dead and injured dozens more.

Business Mark Fields is Reportedly Out at Ford
Author: 0 Mark Fields is Reportedly Out at Ford

Photo of Jim Hackett courtesy of Ford. The departure of Fields, 56, was widely expected following a report by the New York Times . Hackett , head of Ford Smart Mobility LLC , its autonomous vehicles subsidiary, led a turnaround at office equipment-maker Steelcase Inc.

Author: 0 Cities, States and Companies Vow to Stick to the Paris Climate Agreement

What is striking about the reaction to the Trump decision is how many business leaders are talking about the economic opportunity that global climate action brings, opportunities that United States could well miss out on. But since becoming president, he has not offered an opinion. " The Paris agreement is irreversible and will be implemented because it is our responsibility", he said.He added that China , Russia and India had confirmed their commitment to it."Yesterday, the ...

Author: 0 Valeant Pharmaceuticals International (NYSE:VRX): Institutional Investor Sentiment Down to 0.78

Hap Trading Limited Co holds 0.94% or 1.29M shares. World Asset Management Inc now owns 21,502 shares of the specialty pharmaceutical company's stock worth $237,000 after buying an additional 328 shares during the period. Commonwealth Equity Ser reported 45,099 shares. Quintiles Ims Holdings Inc (NYSE:Q) was raised too. Since January 1, 0001, it had 0 insider purchases, and 10 insider sales for $1.31 million activity.

Author: 0 Analysts Recommendations CytRx Corporation (CYTR)

The Relative Volume of the company is 1.76 and Average Volume (3 months) is 5.94 million. The stock appeared -72.25% below its 52-week highs and is up 68.55% for the last five trades. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". 05/22/2015 - CytRx Corporation had its " rating reiterated by analysts at Aegis Capital.