Business

Business Oil slides as crude stocks mount, weighing on energy shares
Author: 0 Oil slides as crude stocks mount, weighing on energy shares

The Nasdaq composite rose 14.06 points, or 0.2 percent, to 5,875.78. The Russell 2000 index of small-company stocks fell 7.91, or 0.6 percent, to 1,362.38. On Wednesday, oil prices bounced after a slump in US trading fueled by oversupply concerns. US crude prices fell 2 percent to $47.44 a barrel, touching their lowest point since Nov 30.

Business Americans divided over GOP health care bill, Kaiser poll finds
Author: 0 Americans divided over GOP health care bill, Kaiser poll finds

The total number, as Lamborn pointed out, was 11.5 million. The largest savings will be achieved from reductions in outlays of Medicaid and removal of subsidies for non-group health insurance. The projections give fuel to opponents who warn the measure would toss millions of voters off insurance plans. "And then the coverage that people have gotten through the marketplace exchanges, the subsidized private coverage".

Business Volkswagen CEO says not ruling out merger talks with Fiat Chrysler
Author: 0 Volkswagen CEO says not ruling out merger talks with Fiat Chrysler

Marchionne were to communicate his considerations to me too and not just to you", Mueller said. In addition to saying the automaker is "back on track" and "2016 did not turn out to be the nightmare that many predicted", Mueller talked about whether VW has any interest in talking to Fiat Chrysler Automobiles about merging.

Business A Rise in Saudi Production Sends Oil Tumbling
Author: 0 A Rise in Saudi Production Sends Oil Tumbling

Brent crude, the benchmark for more than half the world's oil, was up 1.5 percent at $51.69 a barrel on the London-based ICE Futures Europe exchange. USA inventories of oil rose by 1.5 million barrels to 520.2 million barrels in the week ended February 24, according to the Energy Information Administration's (EIA) weekly oil report.

Business Trump's FDA pick Scott Gottlieb has deep ties to pharma industry
Author: 0 Trump's FDA pick Scott Gottlieb has deep ties to pharma industry

While Scott Gottlieb's nomination is pending confirmation from the members of the Senate, there have been allegations that his industry connections and his "dangerous deregulatory approaches" may deter the quality of the approved drugs. "It's widely known that he's very conservative; that he's been sympathetic, if not complicit, with the pharmaceutical industry over many years, and so that raises some concerns", she noted.

Business President Trump To Visit Ypsilanti Township Wednesday To Discuss Auto Industry
Author: 0 President Trump To Visit Ypsilanti Township Wednesday To Discuss Auto Industry

US automakers may not have to reach fuel efficiency standards that were set during President Obama's administration, as the Environmental Protection Agency says it's reopening a review of the rules. In 2012, California, the most populous USA state, agreed to harmonize its vehicle emissions rules with Obama administration rules that were aimed at doubling average fleetwide fuel efficiency to 54.5 mpg by 2025.

Business Analyst Activity - Instinet Reiterates Buy on Axalta Coating Systems Ltd (NASDAQ:AXTA)
Author: 0 Analyst Activity - Instinet Reiterates Buy on Axalta Coating Systems Ltd (NASDAQ:AXTA)

Net income in the final quarter of the transition period was $609,000 or $0.01 per diluted share as compared to $75,000 or $0.00 per diluted share in the previous quarter. Axalta Coating Systems Ltd .is headquartered in Philadelphia, Pennsylvania. Comerica Bank purchased a new position in shares of Axalta Coating Systems during the fourth quarter valued at approximately $218,000.

Business Free Coach Meals on American's Transcontinental Flights. Yay!
Author: 0 Free Coach Meals on American's Transcontinental Flights. Yay!

The airline will offer meals on all direct flights between NY and San Francisco as well as flights from NY to Los Angeles. A blind woman claims she and her service dog were deemed a threat and ultimately kicked off of an American Airlines flight after making multiple requests to change seats.

Business World's best airports for 2017 revealed
Author: 0 World's best airports for 2017 revealed

Taoyuan International Airport Corporation Chairman Tseng Dar-jen (曾大仁) was present in Amsterdam Tuesday to accept the award, which the airport won two years ago as well, he said. Overall, KLIA was placed 34th in the 2017 World's Best Airport category. Taoyian Airport in Taiwan was first, followed by Seoul's Incheon, Tokyo's Haneda, Singapore's Changi and Nagoya's Centrair.

Business Aralez Pharmaceuticals Inc (ARLZ) Trading Down 14.4% After Earnings Miss
Author: 0 Aralez Pharmaceuticals Inc (ARLZ) Trading Down 14.4% After Earnings Miss

The stock showed weekly upbeat performance of -32.79%, which maintained for the month at -42.66%. Over the couple years ARLZ has established a strong pattern of missing Street earnings views 41% of the time, according to historical earnings data, met predictions on 1 occasions and surpassed estimates 5 times over the last couple years.

Business Proposed health care plan would harm many Americans
Author: 0 Proposed health care plan would harm many Americans

But others welcome changes to the ACA, which they blame, at least in part, for adverse changes to insurance coverage and physician reimbursement. Many patients and providers agree that expanding Medicaid coverage to low-income adults has been a good thing.

Business Polish MEP punished for sexist remarks
Author: 0 Polish MEP punished for sexist remarks

Janusz Korwin-Mikke, 74, said women don't deserve equal pay because they are "smaller, weaker and less intelligent" than men. The President also extended his apologies to anyone who was hurt or offended by the MEP's outburst, emphasising that such behaviour will never be tolerated.

Author: 0 Four To Be Charged In Yahoo Cyberhacks

The official, who is not authorized to comment publicly, declined to elaborate. "Today's filing represents an important step forward in the process of completing our transaction with Verizon", Yahoo said in a statement. The two companies will share some legal and regulatory liabilities arising from the breaches. The AP also reported that Yahoo's board withheld Yahoo CEO Marissa Mayer's cash bonus and stock award to punish her for the breaches.

Author: 0 Oil settles a tad lower after sliding to 3-month lows

Along with the WTI decreased last Friday, Brent crude future also saw a diminishing price per barrel by 2 cents at $51.35, the lowest dip on the session was at $50.83 making it the lowest since November 30 of a year ago. The kingdom, the world's biggest oil exporter, had long refused to cut output under veteran oil minister Ali al-Naimi. Even after the increase, Saudi Arabia's data shows it's cutting output more than required under the terms of OPEC's November 30 agreement.

Business When will unsafe blizzard conditions begin in MA on Tuesday?
Author: 0 When will unsafe blizzard conditions begin in MA on Tuesday?

Snow is expected to taper off through the afternoon turning into a snow and sleet mix in the evening in Fitchburg and Greater Lowell, with freezing rain in the latter overnight. "There will be a wide swath of 12-18" across southern New England. A few flurries and snow showers will continue through tomorrow morning, but the bulk of the storm will have ended.

Author: 0 Asian markets mixed; Nikkei dips 0.1%

The broader Topix dropped 0.2 per cent to 1,571.31 points, and the JPX-Nikkei Index 400 fell 0.1 per cent to 14,080.15 points. Fed funds futures have priced in a 95 percent chance the Fed will nudge rates higher on Wednesday. Though recent data, particularly out of China, has fueled a rally in Asian equities since the start of the year, investors are expecting more headwinds for emerging markets due to an increasingly hawkish Fed.

Author: 0 2 crude oil supplier in February

Brent futures were down 67 cents at $50.68 a barrel by 1321 GMT, after earlier touching $50.55, their lowest since November 30. A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia's top oil major said on Monday.

Business Momentum Stocks in Focus: ArcelorMittal (MT), Petroleo Brasileiro SA - Petrobras (PBR)
Author: 0 Momentum Stocks in Focus: ArcelorMittal (MT), Petroleo Brasileiro SA - Petrobras (PBR)

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. They now have a United States dollars 13 price target on the stock. The analysts offering Earnings Estimates for the company were believing that Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR ) could bring EPS of $0.13/share.

Business Gilead Sciences' (GILD)
Author: 0 Gilead Sciences' (GILD) "Neutral" Rating Reaffirmed at Bank of America Corp

Numis Securities maintained the shares of UTG in report on Wednesday, August 5 with "Add" rating. GBX 718.25's average target is 13.02% above currents GBX 635.5 stock price. The company also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Perhaps, that suggests something about why 0.56% of the outstanding share supply is held by institutional investors.

Author: 0 Gold prices plunge as US Fed rate hike hope brightens

Gold prices also posted modest advances Monday morning. Gold opened at $1,205 and reached a high of $1,209.55, up by 0.7% or $8.15 per troy ounce on Monday in European markets and is now at $1,208.5, up by 0.33% or $4.00 0945 GMT in the COMEX gold futures for April at the time of writing.

Business OPEC's Plan Falls Apart As Price Of Oil Plunges
Author: 0 OPEC's Plan Falls Apart As Price Of Oil Plunges

OPEC said crude-oil production by its members in February, based on secondary sources, fell by 140,000 barrels a day from the previous month to average 31.96 million barrels a day. Pisani added that the Saudis may have a motivation for walking away from the OPEC cutbacks in addition to other members not living up to the agreement: "The Saudis certainly are willing to sacrifice market share by cutting production, providing it will prop up oil prices and lead to a higher valuation for ...

Business Brokers Opinions on: Abraxas Petroleum Corp. (NASDAQ:AXAS)
Author: 0 Brokers Opinions on: Abraxas Petroleum Corp. (NASDAQ:AXAS)

Recently, investment analysts covering the stock have updated the mean rating to 3.3. There may be various price targets for a stock. Stifel Upgrade its coverage for Abraxas Petroleum Corp. Therefore, if Abraxas Petroleum Corporation meet or beat analysts' forecasts of earnings, its earnings per share would see a decrease of about -50%. While in the same Quarter Previous year, the Actual EPS was $-0.02.

Business Energy Transfer Partners LP
Author: 0 Energy Transfer Partners LP

The firm earned $6.53 billion during the quarter, compared to analyst estimates of $6.48 billion. The stock rose 0.29% or $0.05 reaching $17.2. The weekly performance of Energy Transfer Partners, L.P.is -5.65%, presenting a monthly performance value of -5.18% with the quarterly performance value of 6.47%.

Business Syncrude responding to fire at oil sands site near Fort McMurray
Author: 0 Syncrude responding to fire at oil sands site near Fort McMurray

The firefighters from Fort McMurray itself were often seeing their homes and the homes of people they know burn down. The Alberta Energy Regulator said it has dispatched staff to the scene. Tuesday. For a few hours in the afternoon, RCMP shut down one lane on a section of Highway 63 near the site, to allow for the evacuation of workers on the site.

Business Toshiba mulls sale for most of Westinghouse
Author: 0 Toshiba mulls sale for most of Westinghouse

Toshiba is in the middle of the process of selling a majority or all of its stake in the flagship memory chips unit, the world's second-biggest NAND chip producer, which it vales at at least $13 billion. It also said it is aiming for an operating profit of 210 billion yen ($1.8 billion) in the year starting April 2019 - a target that excludes Westinghouse and its flagship memory chip business which it has put up for sale .

Business Oil Prices Tumble Again, As Saudi Production Ramps Up
Author: 0 Oil Prices Tumble Again, As Saudi Production Ramps Up

Along with the WTI decreased last Friday, Brent crude future also saw a diminishing price per barrel by 2 cents at $51.35, the lowest dip on the session was at $50.83 making it the lowest since November 30 of a year ago. Last week concerns arose because it became more obvious that USA domestic production was increasing at a faster pace than OPEC had anticipated. "Nevertheless, prices have undoubtedly been provided a floor by the production accords", the cartel said.

Business Lookups Of 'Complicit' Surge After 'SNL' Sketch Spoofs Ivanka Trump
Author: 0 Lookups Of 'Complicit' Surge After 'SNL' Sketch Spoofs Ivanka Trump

In fact, there wasn't a single bad sketch in the entire show this week, and we're betting there will be a cut for time sketch showing up on YouTube this week that was too good to leave unseen. The sketch was fine, even if it smacked of Baldwin's one foot out the door attitude toward portraying the Donald every week. "But sorry, girl, you're Billy Zane".

Business French Connection reports loss for fifth year in a row
Author: 0 French Connection reports loss for fifth year in a row

The company was not immediately available for comment. The high street fashion chain said its pretax loss in the year ended January 31 widened to GBP5.3 million from GBP3.5 million the year before, as revenue shrank to GBP153.2 million from GBP164.2 million.

Business Analysts Recommendations: Marathon Petroleum Corporation (NYSE:MPC)
Author: 0 Analysts Recommendations: Marathon Petroleum Corporation (NYSE:MPC)

EV represents the total economic value of a specific company. Alpha Windward LLC raised its position in shares of Marathon Petroleum Corp by 0.9% in the third quarter. The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Anadarko Petroleum's dividend payout ratio is now -3.37%.

Business Why your low credit score may soon get a boost
Author: 0 Why your low credit score may soon get a boost

Since 2015, the three credit-reporting firms have reached settlements with more than 30 states over practices including handling of errors. David Stevens, president and CEO of the Mortgage Bankers Association, told me that if tax lien and civil judgment data is suppressed from credit reports, "it's unclear whether creditors will be able to make informed decisions" about loan applicants.

Author: 0 Oil touches three-month lows, as U.S. supply swells

As such, she sees the gap between U.S. West Texas Intermediate crude and worldwide benchmark Brent crude widening, with Brent trading at a growing premium to WTI. Moreover, US oil supply growth for 2017 was revised up by 0.10 million barrels per day to 0.34 million barrels per day, following higher rig counts and stronger cash flows.

Author: 0 Analyst Activity - Wedbush Reiterates Outperform on Catabasis Pharmaceuticals (NASDAQ:CATB)

Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) has received a short term rating of hold from experts at Zacks with a rank of 3. The price-to-book ratio (P/B Ratio) is a ratio used to compare a stock's market value to its book value. The 52-week high of the share price is $7.89 and the company has a market cap of $38 million. The current share price indicate that stock is -11.31% away from its one year high and is moving 452.27% ahead of its 52-week low.

Business Walt Disney Co Faces Hedge Fund Opposition To Takeover Of Euro Disney
Author: 0 Walt Disney Co Faces Hedge Fund Opposition To Takeover Of Euro Disney

Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. If we look at stock performance in last active day trading, we see that stock has moved ticked up 0.87% to end the day at $59.25. The last session's volume of 2.12 million shares was lower than its average volume of 2.59 million shares. Following the completion of the transaction, the executive vice president now owns 27,659 shares of the company's stock, valued at $2,890,365.50.

Business Second Travel Ban to Go Into Effect March 16, Amid Outcry
Author: 0 Second Travel Ban to Go Into Effect March 16, Amid Outcry

Of those, 213,689 California residents were born in Iran; 25,903 in Syria; 7,859 in Yemen; 5,505 in Somalia; and 1,761 in Sudan, the documents state citing the 2015 American Community Survey. "No matter how far President Trump tries to run away from his initial statements that this was a ban on Muslims, he can't erase where this order originated - in an effort to discriminate against Muslims on the basis of their religion", Wang said.

Author: 0 Kushner closes $4B deal with Chinese insurers to refinance 666 Fifth Avenue

At that time, Vornado purchased a almost 50 percent stake in the office section of the building, and bought out the retail component the following year. The deal would value the 41-story tower at $2.85 billion, the most ever for a single Manhattan building: $1.6 billion for the office section and $1.25 billion for the retail section.

Author: 0 Bitesize Brexit: What Is Article 50?

Once the MPs have made their decision the bill returns to the House of Lords, where peers will decide whether to pass further amendments and send it back to the Commons or to approve the version sent to them. Brexit minister David Davis said it was in "everybody's interests that we get a good outcome", but said the government was "planning for the contingency, all the various outcomes".

Business Florida-based Silver Airways cuts service to Cuba
Author: 0 Florida-based Silver Airways cuts service to Cuba

Both companies cited weak demand and excess capacity. The low-priced carrier had planned its daily flights to and from Havana so that Frontier passengers coming from Denver and Las Vegas could make easy one-stop connections in Miami. Some of the forbidden-fruit, pent-up-demand aspect of Cuba travel that was so much in evidence in 2015 and 2016 has faded, too. Silver Airways will be ending its Cuba service on April 22, just six months after launching routes between Fort Lauderdale and cities ...

Author: 0 Could Wilders Win? Dutch Firebrand Would Dump EU, Cut Islamic Immigration

However, concern remains that the populist Freedom Party, led by the so-called "Dutch Trump" Geert Wilders, could emerge - for the first time - as the largest single party. "The scandal with Turkey has broken out at a very unfortunate time because the anti-government mood of the Turkish diaspora plays into Wilders' plans".

Business Paychex named a 2017 World's Most Ethical Company
Author: 0 Paychex named a 2017 World's Most Ethical Company

In 2017, there were 124 honorees spanning five continents, 19 countries and 52 industry sectors. Companies were evaluated in areas including ethics and compliance programming, corporate citizenship and responsibility, culture of ethics, governance and leadership, innovation and reputation.

Author: 0 WPI inflation at 6.55% in February as food, fuel prices go up

The inflation rate for Fuel & Power stood at 21.02%, up from 18.14% in January, it said. Consumer Price Index (CPI) inflation or retail inflation for the month of February stood at 3.65%, Ministry of Statistics and Programme Implementation (MOSPI) said on Tuesday.

Business MoneyGram soars 26% after receiving bid from Euronet
Author: 0 MoneyGram soars 26% after receiving bid from Euronet

The proposal values Moneygram shares at a 15% premium to a takeover bid by Ant Financial, which made an acquisition bid of $13.25 per Moneygram share in January. Ant has been seeking to expand overseas as competition in its home market heats up, and the MoneyGram purchase was seen as a way to further that goal after recent partnerships with Paytm in India and Ascend Money in Thailand.

Business Clear-knee mom jeans combine every bad fad since dawn of denim
Author: 0 Clear-knee mom jeans combine every bad fad since dawn of denim

The retailer has invented 'Clear Knee Mom Jeans' to show off your knobbly bits without sacrificing warmth OR style! Made by Topshop , these $95 dollar jeans feature clear plastic kneecap covers sewn in. " Sweaty knees are the best! " says SweatyBetty17. It's unclear how many people have actually bought these jeans. Would it make the wearer weirder or cooler if they drew tiny faces on each of their knees in an effort to make a hazmat suit joke?-they aren't almost as horrifying as Urban ...

Business Snow postpones Trump-Merkel talks until March 17
Author: 0 Snow postpones Trump-Merkel talks until March 17

But, he has since told European leaders he agrees on the "fundamental importance" of the military alliance, a message that was reinforced by Vice President Mike Pence during his recent trip to Europe. He has also threatened to impose tariffs on German carmakers that import into the US market and has criticised Berlin for not spending more on defence.

Business Seema Verma to be chief of Centers for Medicare and Medicaid Services
Author: 0 Seema Verma to be chief of Centers for Medicare and Medicaid Services

Verma, who is close to Vice President Mike Pence, helped develop a public healthcare system for implementing Obamacare in IN where he was the Governor. "Ms. Verma's experience in working to change the program in IN will serve her well in carrying out this priority", she said in an emailed statement. When Obamacare became law, Verma helped Pence, who was then IN governor at the time , tweak the plan and sell it to the Obama administration.

Business Hudson's Bay is in talks to buy Neiman Marcus
Author: 0 Hudson's Bay is in talks to buy Neiman Marcus

Founded in 1670, Hudson's Bay operates more than 470 stores under banners such as the Bay, Saks Fifth Avenue, Lord & Taylor, Gilt, and SAKS OFF 5TH. Neiman said it is also looking to offload some of the real estate it owns, including in two Texas stores, n San Antonio and Longview, as well as in McLean, Va.

Business Matthew Wade is surprised by India's aggression
Author: 0 Matthew Wade is surprised by India's aggression

Australia wicketkeeper Matthew Wade has expressed "shock" at the level of aggression India showed in the second Test in Bengaluru , a testy game the hosts won by 75 runs to level the series. "The way Nathan Lyon and O'Keefe bowled has been exceptional". Australia captain Steve Smith and India counterpart Virat Kohli are set to smoke the peace pipe on Wednesday, when they sit down alongside match referee Richie Richardson.

Author: 0 Rex Tillerson used an alias email to talk about climate change

New York Attorney General Eric Schneiderman is accusing Exxon Mobil of not disclosing emails Secretary of State Rex Tillerson sent about climate change during his time as CEO. The investigation was triggered by news reports describing climate research the company undertook in the 1970s and 1980s, which affirmed the work of other climate scientists and showed that greenhouse gas emissions were causing climate change.