Business

Business Obama Slams GOP For Attacking His ObamaCare Legacy
Author: 0 Obama Slams GOP For Attacking His ObamaCare Legacy

Former President Barack Obama on Wednesday called repeated Republican efforts to repeal his signature health care law "aggravating" as he urged people not to be discouraged by unsteady progress as they work on pressing global issues. John McCain of Arizona and Lisa Murkowski of Alaska, who had both voted against the previous ACA repeal effort in July. The CBPP also predicts that Americans would see a huge spike in premiums , pre-existing conditions coverage would essentially disappear, and ...

Author: 0 Johnson & Johnson (NYSE:JNJ) 52 Week low stands at 109.32

Johnson & Johnson now has $356.68 billion valuation. The company declined -0.12% and closed its last trading session at $135.38. Northern Cap Limited Liability holds 1.49% or 30,351 shares. 114 funds opened positions while 731 raised stakes. Thrivent Fin For Lutherans accumulated 0% or 7,820 shares. Lenox Wealth Advisors Inc. lifted its position in Johnson & Johnson by 0.7% in the first quarter.

Business United States considers shooting down low-threat NK missiles
Author: 0 United States considers shooting down low-threat NK missiles

SEOUL , South Korea — South Korea on Thursday chose to resume humanitarian aid to North Korea to help children and pregnant women, but didn't determine when to provide the $8 million worth of assistance amid tensions created by Pyongyang's nuclear and missile tests.

Business Hewlett Packard Enterprise to cut about 5000 jobs
Author: 0 Hewlett Packard Enterprise to cut about 5000 jobs

Robert W. Baird reaffirmed a hold rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. UBS AG reissued a buy rating and set a $16.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th.

Author: 0 Kuldeep gets hat-trick as India beat Australia in second ODI

After struggling to bowl well in the initial overs, Kuldeep went onto seek advice from the former skipper, MS Dhoni , and soon made his very first global hat-rick that led team India to an easy win. Kuldeep , the latest in a long line of Indian spinners, produced the match-winning spell in the 33rd over removing Mathew Wade, Ashton Agar and Pat Cummins off successive deliveries.

Business MP Evans Group PLC
Author: 0 MP Evans Group PLC

The firm has "Buy" rating given on Monday, September 4 by Stifel Nicolaus. AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The company now has a P/E ratio of 21.60 and market cap is 83.38B. Finally, Liberum Capital restated a buy rating and issued a GBX 275 ($3.71) price target on shares of Aldermore Group PLC in a research report on Thursday, August 10th.

Author: 0 United States stock indexes inch higher ahead of Fed announcement

The Fed highlighted the devastation caused by Hurricanes Harvey, Irma and Maria, which it said are "inflicting severe hardship" on many communities, but said the impact on the United States economy is likely to be felt only in the near term.

Business Rossi declared fit for remarkable Aragon GP comeback
Author: 0 Rossi declared fit for remarkable Aragon GP comeback

Valentino Rossi will have to pass a mandatory physical check by the chief medical officer at MotorLand Aragon. Rossi, who is still walking with the use of crutches, will take part in Friday's practice to test his fitness to race on Sunday.

Author: 0 Discovering Momentum Stocks: Mondelez International, Inc. (MDLZ), Kinder Morgan, Inc. (KMI)

Mondelez International, Inc . may be a good fit for your portfolio or it may not, but at least you have a better understanding of the Confectioners industry, which can help you later on down the road. 173.11 million shares or 10.68% more from 156.41 million shares in 2017Q1 were reported. Shares of Kinder Morgan, Inc. Parallax Volatility Advisers Limited Partnership holds 0.3% or 3.61 million shares in its portfolio.

Business Ryanair offers €10000 pay rise to hang on to pilots
Author: 0 Ryanair offers €10000 pay rise to hang on to pilots

And while there appears to be growing discontent among Ryanair pilots, Mr O'Leary said the airline has already received offers from pilots willing to yield a total of 2,500 days of holidays in order to see the carrier through its flights crisis, which has impacted more than 300,000 passengers.

Business Activists force ship carrying Volkswagen cars to turn around, Greenpeace says
Author: 0 Activists force ship carrying Volkswagen cars to turn around, Greenpeace says

We're not leaving until VW takes its toxic cars back to Germany. Her parents fear her lungs will never recover and claim a whole generation of children may be in a similar position. Two protesters in the vehicle park were Meena Rajput from London and Jo Paterson, from Scotland, who had hundreds of auto keys. The aim of the protesters was to force Volkswagen to return the cars to Germany, although the ship is now heading from Sheerness to Margate.

Business NDTV 'sources' deny reports of takeover by SpiceJet's Ajay Singh
Author: 0 NDTV 'sources' deny reports of takeover by SpiceJet's Ajay Singh

Sources involved in the negotiations of takeover of NDTV by SpiceJet's Ajay Singh have confirmed that the reports of channel's sale are indeed true. As per data available with BSE , the promoter holding in NDTV stood at 61.45% as of June 2017 while public shareholding in the company is at 38.55%.

Business Still on course: Fed signals one more rate hike in 2017
Author: 0 Still on course: Fed signals one more rate hike in 2017

The Fed policymakers' updated economic forecasts show an expectation for three more rate increases in 2018. Fed Chair Janet Yellen summarized Fed projections by saying GDP is expected to be "a touch stronger" than projected in June while inflation is seen as "softer this year and next".

Business Beijing-Shanghai high-speed railway is once again world's fastest train
Author: 0 Beijing-Shanghai high-speed railway is once again world's fastest train

The new limit cuts the time of the 1,318-kilometer journey between Shanghai and the capital to four hours and 28 minutes, saving passengers almost an hour. The trains are entirely designed and manufactured in China , led by the China Railway Corporation. While we sit and wait for all the wild hyperloop plans to materialize at some point in the future, China, in the meantime, has relaunched a fleet of the fastest bullet trains you can ride today.

Business Japan's PM Abe: Time for talk is over on North Korea
Author: 0 Japan's PM Abe: Time for talk is over on North Korea

Moon and Abe both expressed their appreciation for the increased sanctions, and said they look forward to continuing to work with the president to apply even more pressure to North Korea . Ending his speech, Mnuchin said that the USA was aiming to work with its allies to prohibit North Korea from "using the global financial system to further Kim's reckless behavior".

Business Haley: Diplomacy efforts with North Korea 'pretty much exhausted'
Author: 0 Haley: Diplomacy efforts with North Korea 'pretty much exhausted'

Kim has threatened Guam, a U.S. territory in the Pacific, and has fired two missiles over Japan, a USA ally in Asia, including one missile launched on Friday . And Trump tweets that he's asked Moon about "Rocket Man" - an apparent reference to North Korean leader Kim Jong Un (kim jawng oon). Still, it appeared that Trump had dispatched Secretary of State Rex Tillerson to reiterate that USA seeks a peaceful resolution before the use of military force to end the nuclear standoff.

Business Oil Range Bound Ahead of OPEC Meeting
Author: 0 Oil Range Bound Ahead of OPEC Meeting

In May, OPEC and allied nations agreed to extend production cuts for a period of nine months until March, but stuck to production cuts of 1.8 million bpd agreed in November a year ago. OPEC will meet again on Friday (September 22) to discuss an extension to its current deal to cut output and reduce the global supply glut . Marzouq said compliance with the cuts was "very good, better than last month".

Business Dow, S&P 500, Nasdaq edge up to new record highs
Author: 0 Dow, S&P 500, Nasdaq edge up to new record highs

The Dow Jones Industrial Average added 65 points, or 0.29%, to 22,333, the S&P 500 rose four points, or 0.15%, to 2,504 and the Nasdaq Composite added six points, or 0.1%, to 6,455. The stock was one of the biggest drags on the consumer discretionary index. Export prices had been expected to edge up by 0.2 percent. The yield fell to 2.016 percent on September 8, the lowest level since November 10.

Business Waymo
Author: 0 Waymo "seeking $2.6bn" in Uber damages

Alphabet's Waymo self-driving vehicle unit said critical new evidence it recently obtained in a trade secret lawsuit against Uber means a USA judge should postpone a trial of the case set to begin next month. However, the details of the report have not been shared in the public domain, considering its criticality for a fair trial. At one point, a Waymo lawyer suggested that Uber's attorneys had 64,000 Levandowski photos in their possession, though Uber said some of those are personal.

Business Dollar slips back against euro after Fed-fuelled gains
Author: 0 Dollar slips back against euro after Fed-fuelled gains

Editor's Remarks: The Fed holds $4.2trn of US Treasury bonds and mortgage-backed securities after nine years of quantitative easing (QE). The Fed announced Wednesday it will let a small portion of its $4.5 trillion balance sheet mature without being replaced, starting in October with reductions of $10 billion a month and rising over the next year to $50 billion a month.

Business Moto X4 Android One for Project Fi Now Official, Priced at $399
Author: 0 Moto X4 Android One for Project Fi Now Official, Priced at $399

It seems that the company is planning to launch the smartphone in India as Motorola India has released a tweet to confirm that Moto X4 will be arriving in the country on October 3. There is a 5.5-inch HD 720p display with 2.5D curved glass and a 1.3GHz quad-core MediaTek MT6737 SoC paired with 3GB RAM and 32GB storage space.

Business Here comes the Fed statement
Author: 0 Here comes the Fed statement

The Fed announced Wednesday that it will let a small portion of its $4.5 trillion balance sheet mature without being replaced, starting in October with reductions of $ 10 billion a month and gradually rising over the next year to $50 billion a month.

Business AO World PLC (AO) Receives Average Recommendation of
Author: 0 AO World PLC (AO) Receives Average Recommendation of "Hold" from Analysts

Bank of America upgraded Vodafone Group Plc (ADR) (NASDAQ:VOD) on Wednesday, April 20 to "Buy" rating. As per Tuesday, September 20, the company rating was initiated by Argus Research. Mechanics National Bank Trust Department holds 0.1% or 2,169 shares in its portfolio. It is positive, as 53 investors sold UNH shares while 496 reduced holdings.

Author: 0 Dollar shines, Asian shares slip after Fed signals Dec rate hike

So, it is quite rational on the part of the Fed to signal one more rate hike this year and three rate hikes next year. Rate increases are expected to continue next year, too. Over the last decade, the Fed headed into unknown policy terrain as it snapped up some $3.6 trillion in mortgage and Treasury bonds in an effort to spur riskier investing and economic growth.

Author: 0 Increased Earnings Estimates Seen for WPX Energy (WPX): Can It Move Higher?

The firm owned 5,573,111 shares of the oil and gas producer's stock after acquiring an additional 1,526,097 shares during the period. WPX Energy Inc (NYSE: WPX ) traded down 4.12% during midday trading on Friday, reaching $12.81. WPX Energy, Inc . has a 52 week low of $8.39 and a 52 week high of $16.17. Tph Asset Ltd Liability reported 1.7% in WPX Energy Inc (NYSE: WPX ).

Business Mercedes-Benz building $1B electric battery, SUV plant in Alabama
Author: 0 Mercedes-Benz building $1B electric battery, SUV plant in Alabama

One of its first fully-electric EQ models was recently previewed at the Frankfurt Motor Show. Mercedes also has a performance brand called Mercedes-AMG and super-luxe brand called Mercedes-Maybach. Construction of the 1 million-square-foot battery facility in Tuscaloosa is expected to begin next year, and it should be operational in a couple of years.

Business Global stocks, dollar rise as investors turn eyes to Fed
Author: 0 Global stocks, dollar rise as investors turn eyes to Fed

The Fed is due to announce its decision at 1800 GMT on Wednesday and is widely expected to keep rates unchanged after a two-day meeting but could begin paring its bond holdings, with reductions likely to start in coming months. Japan's benchmark Nikkei 225 added 0.7 percent to 20,453.68 as the yen weakened against the dollar, benefiting shares of exporters. India's Sensex gained 0.6 percent to 32,472.62.

Business Hindu's Fleeing Rakhine Violence Hope for Shelter in Modi's India
Author: 0 Hindu's Fleeing Rakhine Violence Hope for Shelter in Modi's India

Trump said in his first remarks at the UN in NY since his inauguration as President in January. Vice President Mike Pence lamented the "terrible savagery" of Myanmar's security forces as he addressed a U.N. Secretary-General Kofi Annan and the government would establish an advisory board comprised of "eminent persons" from Myanmar and overseas. "There was a mob of Rakhine people too", said Usman Goni, 55, after he stepped off a boat with his seven children and wife, clutching two sticks tied ...

Author: 0 Trading Scope: SuperTrend Above Price for McDonald`s Corp (MCD)

Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant's stock valued at $677,339,000 after buying an additional 4,313,253 shares in the last quarter. The stock now has an average rating of "Buy" and an average price target of $141.41. The company was maintained on Thursday, August 31 by Cowen & Co.

Business 'Death Wish' Coffee Recalled Due to Deadly Toxin Risk
Author: 0 'Death Wish' Coffee Recalled Due to Deadly Toxin Risk

The bacteria can cause the rare illness botulism but the company say that the recall only affects the Nitro cold brew range at present. If you purchased Death Wish Nitro online, the company says they'll offer you a refund, and those who purchased from a retailer can bring in a receipt to get their refund.

Business L'Oreal heiress Liliane Bettencourt dies at 94
Author: 0 L'Oreal heiress Liliane Bettencourt dies at 94

She would have been 95 on October 21. "My daughter could have waited patiently for my death instead of doing all she can to precipitate it", Bettencourt said in a TV interview recorded in her later years. Activist hedge fund Third Point recently urged Nestle to sell down its stake. Forbes magazine estimated her fortune to be worth $39.5 billion this year.

Author: 0 Slight gains in USA stocks lift Dow, S&P, Nasdaq to new highs

The Bank of Japan is expected to reassure markets on Thursday that it will lag well behind its U.S. counterpart in scaling back its massive stimulus, as an improving economy has yet to boost inflation anywhere near its elusive 2 per cent target.

Author: 0 S&P cuts China's sovereign debt rating to A+

S&P said that recent efforts by the government to reduce corporate leverage could stabilise financial risks in the medium-term. Chinese authorities have started to crack down on heavy borrowing by companies this year, but S&P says it expects that "credit growth in the next two to three years will remain at levels that will increase financial risks gradually".

Author: 0 USA stocks close higher ahead as Fed meeting starts

Energy stocks were rising along with the price of crude oil early Wednesday. Meanwhile, as investors cashed in on gains that had taken crude more than 1% higher this week. Economic data showed the number of Americans filing for unemployment benefits fell unexpectedly to 259,000, but the data continued to be influenced by Hurricanes Harvey and Irma, muddying the labor market picture in the near term.

Business Wal-Mart Won't Hire Seasonal Workers; Current Staff to Get More Hours
Author: 0 Wal-Mart Won't Hire Seasonal Workers; Current Staff to Get More Hours

Extra hours will be offered to help staff positions such as cashiers, self-stockers, and personal shoppers as well as new positions such as online operations and pick up associates. Though officials have not yet said how many of those jobs will be available. The company said it will not hire extra workers this year. "Our associates make the holidays come to life in our stores, and we are thankful for everything they do to help our customers have the best possible shopping experience".

Business Paytm Mall Mera Cashback Sale Offers Up to 100 Percent Cashback
Author: 0 Paytm Mall Mera Cashback Sale Offers Up to 100 Percent Cashback

The Big Billion Sale offers huge discounts on smartphones. It is for the first time that Flipkart has introduced an offer where consumers have the option to choose EMIs on debit cards across top banks in India. If you are an Amazon Prime member, you can enjoy exclusive deals before non-Prime members. They also stand a chance to win Paytm Gold over every single day of the sale.

Business What Gold Investors Are Watching for in the Fed's September Meeting
Author: 0 What Gold Investors Are Watching for in the Fed's September Meeting

Fed officials cautioned that the devastation of Hurricanes Harvey, Irma and Maria would hold back the USA economy in the "near term". But the central bank did take historic action on Wednesday: It will begin undoing the extraordinary steps it took to prop up the economy for nearly a decade after the financial crisis.

Author: 0 Shrinking Fed Balance Sheet? Don't Sweat It!

After the conclusion of its two-day meeting, the FOMC voted unanimously to maintain its interest rates at 1.00 -1.25 percent. "Certainly that will have a big influence as we look towards the readings on inflation going forward". "Investors have a tendency to stay on the sidelines ahead of the Fed and other important events, so that trading becomes more technical", ABN Amro analyst Georgette Boele said .

Business Revenue Approximations Analysis: Lowe's Companies, Inc. (LOW), FedEx Corporation (FDX)
Author: 0 Revenue Approximations Analysis: Lowe's Companies, Inc. (LOW), FedEx Corporation (FDX)

Moreover, Brown Brothers Harriman has 0% invested in FedEx Corporation (NYSE: FDX ) for 250 shares. The stock has a market capitalization of $59.15 billion, a PE ratio of 19.92 and a beta of 1.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . On Thursday, March 17 the stock rating was maintained by Citigroup with "Buy".

Business AMD and Tesla: 'Double Slap' at Intel, Says Rosenblatt
Author: 0 AMD and Tesla: 'Double Slap' at Intel, Says Rosenblatt

As Tesla pushes towards its goal of building a self-driving vehicle, it has emerged that the on-board artificial intelligence chip is being built upon AMD intellectual property, this is according to a source close to the project. It comes a day after Intel has announced it is teaming up with with Alphabet's Waymo self-driving unit. Tesla has an existing relationship with Nvidia , whose GPUs power its Autopilot system, but this new in-house chip reported by CNBC could potentially ...

Business Watch out for this phone scam after the Equifax Data Breach
Author: 0 Watch out for this phone scam after the Equifax Data Breach

Equifax believed it had addressed the issue, but now the company believes the bug wasn't fixed. Once the news became public, Equifax offered consumers "free" short-term credit monitoring. "You can't go and change your social security number", Hinneberg said. They use false telephone numbers, impersonate Equifax representatives and claim to be verifying account information.

Business Fed plans to hike rates 1 more time this year
Author: 0 Fed plans to hike rates 1 more time this year

According to Fed officials' projections, the core PCE index is expected to rise 1.5% this year and 1.9% next year, lower than the 1.7% and 2% forecasts in June. Scott Anderson, an economist at Bank of the West in San Francisco, believes the Fed will ultimately align with markets that generally expect a slower pace of rate increases.

Business Equifax customer service reps sent people to fake security website
Author: 0 Equifax customer service reps sent people to fake security website

However, the official Twitter account continued to send people to a knock-off website (securityequifax2017.com) that was actually put up to mock the security practices of Equifax , a company that prior to the breach advertised itself for securing credit data of millions of people.

Business Hackers breached SEC's financial filing system
Author: 0 Hackers breached SEC's financial filing system

The Securities and Exchange Commission admitted the breach in a statement posted Wednesday on its website. Washington D.C., September 20, 2017 - SEC Chairman Jay Clayton today issued a statementhighlighting the importance of cybersecurity to the agency and market participants, and detailing the agency's approach to cybersecurity as an organization and as a regulatory body.

Business TSX hits 14-week high, recoups summer losses in broad rally
Author: 0 TSX hits 14-week high, recoups summer losses in broad rally

Air Canada shares surged 7.5 per cent to $25.09 after several analysts raised their target prices and ratings on the airline following its update of its 2018 to 2020 financial goals. In U.S. markets; the Dow rose 40.03 points to 22,371.38 the S&P 500 rose 2.78 to 2,506.65, and the NASDAQ rose 6.68 points to 6,461.32. The pan-European FTSEurofirst 300 index lost 0.18 per cent.

Business US Fed to start unwinding its bloated balance sheet
Author: 0 US Fed to start unwinding its bloated balance sheet

Many analysts expect the yellow metal to be under pressure in the next few months, particularly if the Fed decides to increase rates later this year. member states to increase pressure on North Korea to give up its nuclear weapon ambitions. Retailer Bed Bath & Beyond plummeted 15.9 percent after reporting that second-quarter earnings tumbled 43.7 percent from the year-ago period to $94.2 million.

Author: 0 How major U.S. stock market indexes fared Wednesday

The Nasdaq Composite .IXIC added 6.68 points, or 0.1 percent, to 6,461.32, also squeaking out a record closing high, slightly above its September 13 close. Bed Bath & Beyond sank more than 16% after the home furnishing retailer reported earnings and sales below estimates, prompting a slew of price target cuts.

Business Asia markets follow Wall St rally as eyes turn to Fed meeting
Author: 0 Asia markets follow Wall St rally as eyes turn to Fed meeting

Investors are also watching U.S. President Donald Trump's speech at the United Nations General Assembly where he is expected to urge U.N. member states to increase pressure on North Korea to give up its nuclear weapon ambitions. Wall Street moved higher, paring some gains after rallying to record highs amid optimism about the U.S. economic outlook and corporate profits, as investors eyed a meeting by the Federal Reserve which is set to tighten monetary policy.

Business CBA sells CommInsure, Sovereign for A$3.8 billion
Author: 0 CBA sells CommInsure, Sovereign for A$3.8 billion

AIA's Hong Kong-listed shares increased 0.1 percent to HK$60.10, while CBA's ASX-listed stock slipped 0.1 percent to A$76.185. AIA shares were almost unchanged from their previous close at 0302 GMT. AIA plans to reinsure most of the policies acquired in the deal. CBA had said it planned to sell its life insurance unit, CommInsure, after a scandal in which it was accused of using outdated medical definitions to justify withholding payments to policyholders.