Business

Business Repsol makes the largest United States onshore oil discovery in 30 years
Author: 0 Repsol makes the largest United States onshore oil discovery in 30 years

Repsol and partner Armstrong Energy state that they have made the largest US onshore conventional hydrocarbons discovery in 30 years. The oil resources lie in a well, called Horseshoe, that's 75% owned by Denver-based Armstrong. Repsol's exploits in Alaska appear to have been well rewarded. The firm has been exploring Alaska since 2008 and has made other discoveries with Armstrong in the same region as the Nuiqsut find since 2011.

Business Oil edges away from three-month low
Author: 0 Oil edges away from three-month low

Brent was trading 66 cents up at $53.77 per barrel, while West Texas Intermediate was trading at $50.75, up 47 cents. Brent crude , the worldwide benchmark, was down 29 cents at $55.63 a barrel at 0950 GMT. The buildup comes as OPEC countries are attempting to reduce production to stabilize the market. "But surely they won't do a U-turn now". The forecast made no assumptions about changes in policies that might be pursued by President Donald Trump, such as relaxing vehicle-efficiency ...

Author: 0 What are Analysts report about: Canadian Natural Resources Limited (NYSE:CNQ)

These analysts also forecasted Growth Estimates for the Current Quarter for CNQ to be 178.4%. The growth estimate for the next five years is 16.21 percent (per annum). Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Allan E. Frankiw purchased 5,000 shares of the stock in a transaction on Monday, March 6th.

Business Volkswagen to plead guilty today in emissions case
Author: 0 Volkswagen to plead guilty today in emissions case

The software was created to allow VW cars to emit 40 times more than the legally permitted amount of pollution. VW general counsel Manfred Doess told a court in Detroit the company was "guilty on all three counts". The lawyers for Volkswagen and the government stated in a joint motion that Cox must reject the request by the lawyer for some of the owners requesting individual criminal restitution.

Author: 0 Global Bond Markets Face 'Dow 20000' Moment As US Treasury Yields Surge

Fed fund futures, which anticipate the probability of rate increases, are now signalling an 88.6% chance that Fed chair Janet Yellen will announce her second rate hike on March 15 in Washington. The euro zone's main gauge of borrowing costs was set for its biggest fortnightly rise in almost two years on Friday as investors prepared for rate hikes in the United States and eventually Europe.

Business Kinder Morgan, Inc. (NYSE:KMI)
Author: 0 Kinder Morgan, Inc. (NYSE:KMI)

Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values. Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 18th. Equities analysts predict that Kinder Morgan, Inc. will post $0.61 earnings per share for the current year.

Business Scott's jobless rate continues negative trend
Author: 0 Scott's jobless rate continues negative trend

For the month of January Stanislaus County had an estimated labor force of 246,100, with 224,100 employed and 22,000 unemployed, the EDD reported. Despite the increased unemployment rate, Scott County's percentage of jobless workers did not increase as sharply as some counties in December, as the local unemployment rate slipped from the state's third-highest to its fifth-highest.

Author: 0 Staples Closing 70 Retail Stores Across US, Rise Of Amazon To Blame?

The company did not say which locations will be shuttered. Staples had to close 48 stores in 2016 and in the two years prior it closed 242, NBC News reported. "Our fourth quarter results were right in-line with our expectations, and I'm increasingly confident that we have the right plan and the right team to transform Staples and get back to sustainable sales and earnings growth", Shira Goodman, Staples' Chief Executive Officer, said Thursday.

Business Most recent Trading report: First Potomac Realty Trust (NYSE:FPO)
Author: 0 Most recent Trading report: First Potomac Realty Trust (NYSE:FPO)

A number of other analysts have also weighed in on the company. Finally, Robert W. Baird lowered First Industrial Realty Trust from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $29.00 to $28.00 in a research note on Wednesday, January 11th.

Business You're Not Going To Recognize Starbucks' New Spring Cups
Author: 0 You're Not Going To Recognize Starbucks' New Spring Cups

Starbucks Spring Cups photographed on Wednesday, March 8, 2017. Starbucks first introduced seasonal cups more than 20 years ago - starting with a holiday cup, of course. The cups will be available in stores for just a few days, the company said. Spring is in the air and Starbucks is ready for the change in weather and to its ever-morphing cup design.

Business Jay Cutler posts message to Chicago and Bears fans
Author: 0 Jay Cutler posts message to Chicago and Bears fans

With the move, Glennon is expected to be the new starting quarterback in Chicago, as long-time Bears quarterback Jay Cutler has reportedly been released. Glennon sometimes does not set his feet when he throws, causing the ball to float and miss its mark. Cutler leaves Chicago as the Bears' all-time leader in passing yards, but the team made the playoffs just once with him under center.

Author: 0 FSB ADV Purchases New Stake in American Express Company (AXP)

JPMorgan Chase & Co. upgraded American Express Company from a "neutral" rating to an "overweight" rating and increased their target price for the company from $76.00 to $90.00 in a report on Tuesday, January 17th. Steinberg Global Asset Management increased its stake in American Express Company by 22.2% in the second quarter. Hosking Partners LLP now owns 619,464 shares of the payment services company's stock worth $39,670,000 after buying an additional 73,636 shares in the last quarter.

Business Forex reserves adequate to maintain financial stability: PBOC
Author: 0 Forex reserves adequate to maintain financial stability: PBOC

The financial-asset management market is "somewhat chaotic" and supervision of risks must be strengthened, Zhou added. Throughout the news conference, the jocular governor smiled and amicably engaging with the deputy governors beside him as well as the journalists.

Business Energy Stocks in Peril as Crude Oil Breaks Down
Author: 0 Energy Stocks in Peril as Crude Oil Breaks Down

Unlike the OPEC and non-OPEC state-run producers that have agreed to curb output, there is no mechanism for USA independent producers and global oil majors to restrain output. Saudi Oil Minister Khalid Al-Falih said last year's agreement by OPEC and non OPEC countries to curb supplies and boost prices has improved market fundamentals.

Author: 0 Shares in Target Co. (TGT) Acquired by Zebra Capital Management LLC

LTD. raised its position in shares of Target Co . First Financial Bank N.A. Trust Division now owns 7,208 shares of the retailer's stock valued at $495,000 after buying an additional 22 shares in the last quarter. If you are accessing this story on another site, it was stolen and republished in violation of USA and global trademark & copyright laws. The original version of this piece of content can be accessed at ...

Business Lot more familiar with DRS now: Handscomb
Author: 0 Lot more familiar with DRS now: Handscomb

It added, "Specifically in relation to Steve Smith and Virat Kohli, the ICC has considered both incidents in the context of this match and concluded it will be taking no further action against either player". "I find the allegations questioning the integrity of Steve Smith, the Australian team and the dressing room, outrageous", Sutherland said. Smith - who was waved off the field by umpire Nigel Llong after he looked upstairs - admits to "a bit of a brain-fade", but Kohli said it had been ...

Business Gold prices edge up, but United States rate hike outlook drags
Author: 0 Gold prices edge up, but United States rate hike outlook drags

Investors are eyeing for USA non-farm payrolls data to be disclosed on Friday, which acts as a barometer of US economy, with anxiety doubled after Fed Chairwoman, Janet Yellen informed last week that a interest rate hike is very much likely if jobs & inflation data hold up.

Business Cisco Systems, Inc. (CSCO) Lifted to Hold at Vetr Inc
Author: 0 Cisco Systems, Inc. (CSCO) Lifted to Hold at Vetr Inc

Shares of Cisco Systems , Inc. JMP Securities restated a "hold" rating on shares of Cisco Systems in a report on Thursday, November 17th. Over the past five trading sessions it is -0.2%; 9.65% for the month; 17.09% for the last quarter; 10.1% for the past six-months; and 32.11% for the last 12 months.

Author: 0 Spirit Realty Capital, Inc. (NYSE:SRC) shows weekly volitility of 1.75%

It acquires single tenant, operationally essential real estate where the tenants conduct retail, service or distribution activities. A ROI of 0.60% for the company evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments.

Author: 0 The Range Resources Corp. (RRC) Stock Rating Reaffirmed by Scotiabank

Generally speaking, earnings are expected to grow in coming quarters. The 1-year price target of the company is 46.42. The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. The EPS consensus range is $-0.02-$0.2 on revenue between $629M and $497.1M. The ex-dividend date of this dividend is Monday, March 13th. R. F. Lafferty began coverage on shares of Range Resources Corp.in a research note on Wednesday, January 25th.

Business JCT: Bill's repeal of ObamaCare taxes would cost more than $500B
Author: 0 JCT: Bill's repeal of ObamaCare taxes would cost more than $500B

The CBO provides a fiscal analysis of legislative proposals and issues a rating score as to the fiscal efficacy of the legislation. It will delve into how many - and which - people would gain or lose coverage under the legislation that House Republicans are offering as a replacement for the Affordable Care Act, popularly known as Obamacare.

Business Paricharak suspended for one-and-a-half years
Author: 0 Paricharak suspended for one-and-a-half years

Patil also demanded the formation of high-level committee under the leadership of Council chairman Ramraje Nimbalkar to look into the allegations against Paricharak. When there was no response from the presiding officer and the government, the House was forced to adjourn for the day. BJP ally Shiv Sena had backed the demand of the opposition and wanted action to be taken against his offensive remark.

Author: 0 Trending Stock Alert: Microchip Technology Inc. (NASDAQ:MCHP)

Looking further, Microchip Technology Incorporated has a Gross Margin score of 21. Mizuho restated a "neutral" rating and issued a $67.00 price target on shares of Microchip Technology in a research report on Tuesday, November 8th. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Following the completion of the transaction, the insider is left with a stake of 12,375 shares, amounting $913770.

Business US Infrastructure Gets Near Flunking Grade From Engineer Group
Author: 0 US Infrastructure Gets Near Flunking Grade From Engineer Group

The costs of the infrastrucutre gap are high, according to the report card: $3,400 in disposable income for each American family each year. The rating was unchanged from 2013. The 2017 grades range from a B for Rail to a D- for Transit, illustrating the clear impact of investment - or lack thereof - on the grades. The ASCE says it represents more than 150,000 members in 177 countries who plan, design, construct and operate infrastructure.

Author: 0 State Dept: Tillerson has recused himself from Keystone decision

The State Department confirmed Thursday that Secretary of State Rex Tillerson and USA allies will meet March 22-23 to "accelerate worldwide efforts to defeat ISIS in the remaining areas it holds in Iraq and Syria and maximize pressure on its branches, affiliates and networks".

Business USA stocks end mixed after ADP report
Author: 0 USA stocks end mixed after ADP report

The S&P 500 financial index, which had boosted the market earlier in the day, cut gains in afternoon trading and ended up 0.3 percent. Now, Republicans are squabbling over a plan for repealing and replacing Obamacare that was announced on Monday.

Business Impact of Brokerage Rating on Caseys General Stores, Inc. (CASY)
Author: 0 Impact of Brokerage Rating on Caseys General Stores, Inc. (CASY)

Royal Bank of Canada lowered Casey's General Stores from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $136.00 to $123.00 in a research report on Tuesday. The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. (CASY) shares. During last six month record, the net percent change kept by insiders has observed a change of -1.10%.

Business Bonds weaken as European Central Bank leaves rates unchanged
Author: 0 Bonds weaken as European Central Bank leaves rates unchanged

Indicators on economic growth and inflation are starting to push higher, indicating that the need for ultra-easy monetary policy settings may no longer be required. "We now think that the [Governing Council] will make a first step in the direction of an exit strategy at the June meeting with a change in the forward guidance, and we continue to see further asset purchases but at a reduced pace in 2018".

Author: 0 What are Analysts report about: Oasis Petroleum Inc. (NYSE:OAS)

Investors expected a price target of 0.03 for this quarter. Relative strength index (RSI-14) for Oasis Petroleum Inc . Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, February 22nd. The Company has 234.96 million shares outstanding and 232.01 million shares were floated in market. On the other hand, in the September 2017 quarter the company recorded a net $177.31M revenue with earnings per share of $-0.17.

Author: 0 Leading stocks in today's market: BB&T Corporation (NYSE:BBT)

They noted that the move was a valuation call. Oppenheimer Holdings Inc. reiterated a "hold" rating on shares of BB&T Co.in a research report on Saturday, January 21st. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/03/09/hilliard-lyons-lowers-bbt-co-bbt-to-neutral.html. Investors of record on Friday, February 10th were given a $0.30 dividend.

Author: 0 Spring Budget 2017: Tax free dividend allowance slashed to £2000

Remember this is just an example and as today's Budget perfectly illustrates, tax rules can and do change. However, in 2018-19 it will add an extra £5 million then £870 million in 2019-20, £825 million in 2020-21 and then £930 million in 2021-22.

Author: 0 Kimco Realty Corporation (NYSE:KIM) Closed the Last Trading Session at $22.75

State Street Corp raised its position in shares of Kimco Realty Corporation by 1.7% in the second quarter. Kimco Realty Corporation has 1 year price target of $27.19. In a transaction dated August 08, 2016, the shares were bought at an average price of $31.17, giving away a sum of $31,170. In the last trading session, The Company traded 3.14 Million shares.

Author: 0 Skyworks Solutions Inc (SWKS) Now Covered by Wells Fargo & Co

On average, analysts anticipate that Skyworks Solutions will post $6.13 EPS for the current year. 814,653 shares of the company's stock were exchanged. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock.

Business Trading updates about Stock: El Paso Electric Company (NYSE:EE)
Author: 0 Trading updates about Stock: El Paso Electric Company (NYSE:EE)

Finally, New Harbor Financial Group LLC boosted its position in shares of General Electric Company by 46.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 13,809 shares of the company's stock valued at $410,000 after buying an additional 58 shares in the last quarter.

Business John Lewis slashes staff bonus to 6% - the lowest in 63 years
Author: 0 John Lewis slashes staff bonus to 6% - the lowest in 63 years

One bright spot is the new Leeds store, which has created 500 jobs in the area. Retail analysts speculate John Lewis workers are in line for a payout in single figures this year, possibly as low as six per cent. Partnership chairman, Sir Charlie Mayfield, said: "Bonus is lower because the board has chose to retain more of our annual profits in order to strengthen our balance sheet".

Business Remy Ma Gives Update on Nicki Minaj Beef
Author: 0 Remy Ma Gives Update on Nicki Minaj Beef

This week, she entered the Billboard Hot 100, with Gucci Mane's "Make Love", which debuted at No. 78. "It's over. If she wants to say something that's cool", Remy added. We could've done this working together". "I would have liked that so much better that way". I just personally think it would've been so much cooler...if we came together and made something insane.

Author: 0 White House spokesman dodges comment on Trump's tweets

Mr Spicer's statement , which he read from a sheet of paper handed to him at the end of his briefing, reinforced the conundrum that Mr Trump's tweets have created for the White House: Either the President's assertions are baseless, or he may have implicated himself in a government investigation of contacts between his presidential campaign and Russian Federation.

Business Instant analysis of Lions releasing DeAndre Levy
Author: 0 Instant analysis of Lions releasing DeAndre Levy

But shortly after inking a four-year extension with Detroit during training camp in 2015, injuries bit hard. Due to a slew of injuries, Levy has only played in six games over the last two seasons. We'll get into free agency and kind of see where it leads us". On the precipice of free agency, the Detroit Lions have made a shocking move. Now the question becomes what the Lions intend to do at linebacker without him.

Business Wall St dips as pharma, bank stocks lose ground
Author: 0 Wall St dips as pharma, bank stocks lose ground

Real estate stocks also fell after the ADP National Employment report showed the United States private sector added 298,000 jobs last month - well above expectations. The S&P 500 posted 17 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 52 new highs and 59 new lows. Caterpillar fell 2.8 percent after the New York Times said it reviewed a report commissioned by the US government that accused the heavy equipment maker of carrying out tax and accounting fraud.

Business Fox reaches $2.5 million settlement over latest sexual assault claims
Author: 0 Fox reaches $2.5 million settlement over latest sexual assault claims

According to the New York Times , Holder reported that she was sexually assaulted by a network executive in February 2015. Holder, a civil rights and criminal defense lawyer, said she didn't initially report the incident to Fox News for various reasons, including that she had been denied earlier requests to meet with executives, and her previous complaints had gone unresolved.

Author: 0 What are Analysts opinions on: Alibaba Group Holding Limited (NYSE:BABA)

Clough Capital Partners L P's holdings in Alibaba Group Holding were worth $18,835,000 at the end of the most recent quarter. Narrow down focus to other ratios, the co has current ratio of 1.80 that indicates if BABA lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry.

Business No Longer A Sense Of Urgency For Further Action — ECB's Draghi
Author: 0 No Longer A Sense Of Urgency For Further Action — ECB's Draghi

This was as the market increasingly anticipates the Fed to lift its interest key interest rate next week, this following a recent string of hawkish comments from central bank officials, among them chair Janet Yellen. The main interest rate remained at 0 per cent and the central bank's current bond-buying programme of €80bn (£69.5bn) also remained unchanged. Having touched a seven-week low of $1.2165 against the dollar before Philip Hammond's Spring Budget speech on Wednesday, sterling was ...