Markets

OPEC extends output cut, but big oil price increase unlikely

OPEC extends output cut, but big oil price increase unlikely OPEC and key producers including Russian Federation agreed Thursday to extend curbs on oil output to the end of March 2018. The next Opec and non-Opec meeting is scheduled for Nov 30, delegates said. OPEC and some Non-OPEC oil producers jointly cut the 1.8 million barrel per day output from the beginning of 2017 to July 1, seeking to rebalance the oil market from a production glut. [Full Article...]

Three Mile Island nuclear plant to close in 2019

Three Mile Island employs about 675 people, produces enough electricity to power 800,000 homes and pays more than $1 million in state property taxes a year, the company said. Gov. Tom Wolf has made no commitment to a bailout but said in a statement Tuesday that he is concerned about layoffs at Three Mile Island and open to discussions. [Full Article...]

Notre Dame students walk out on Pence commencement address

Notre Dame students walk out on Pence commencement address And while the University of Notre Dame typically invites newly-inaugurated presidents to give the commencement speech during their first year, the Washington Post reported , thousands of students and faculty members signed a petition not to invite Donald Trump . [Full Article...]

Kathy Griffin Apologizes For Beheaded Trump Photo

I'm a comic. I crossed the line. Griffin says she made a mistake, went too far and was wrong. "I sincerely apologize . I am just now seeing the reaction of these images", she said of the picture. I think she wants to be talked about on Fox News . "But it's good lighting". I am sorry. I went too far . In 2005 she was sacked from her job as an E! network red-carpet commentator after jok... [Full Article...]

JetBlue to Accept Selfies as Boarding Passes

JetBlue to Accept Selfies as Boarding Passes That photo will be sent to U.S. Customs and Border Protection where it'll be matched with a photo on file from a passport, visa or immigration photos. The setup will move JetBlue crewmembers from behind the counter to interact with customers and assist throughout the process. Phase 2 would also allow them to check a bag and board a flight using a fingerprint. [Full Article...]

JPMorgan Trading Revenue on Pace to Drop 15% This Quarter

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 31, 2017. It has outperformed by 40.65% the S&P500. The company has market cap of $1.28 billion. The stock of JPMorgan Chase & Co. The stock has "Neutral" rating by Nomura on Monday, January 25. Imperial Capital maintained Stericycle Inc (NASDAQ:SRCL) rating on Thursday, May 26. [Full Article...]

Area Unemployment Rates Drop In April

Area Unemployment Rates Drop In April A year ago, the Triangle's unemployment rate was at 4.6 percent. An estimated 40,061 persons were counted as unemployed in the metro area in April compared to 45,032 a year earlier, the bureau said. This is in line with the national trend, where non-seasonally adjusted unemployment rates were lower in April than a year earlier in 322 of the 388 metropolitan areas. [Full Article...]

Among the job cuts at The New York Times, the public editor

Among the job cuts at The New York Times, the public editor She'll leave Friday, the Huffington Post reported . Margaret Sullivan, the well-regarded former Times public editor, now a media columnist at the Washington Post , tweeted Wednesday that she was not surprised. The New York Times Co said on Wednesday it was offering buyouts to its newsroom employees to streamline production systems and reduce the number of editors. [Full Article...]

Malaysia pledges to cut oil production by 20000 barrels per day

OPEC and other oil-producing nations have extended their output cuts for an additional nine months in an effort to shore up prices. "We fully support nine months.it will have more impact on market stability and prices". "Three years ago, USA shale producers needed to see per-barrel prices much higher to competitive", Yergin said . "According to index history, oil could reach between $25-$85 ... [Full Article...]

Energy Transfer Partners (ETP) Receiving Positive Media Coverage, Study Finds

Energy Transfer Partners (ETP) Receiving Positive Media Coverage, Study Finds It has underperformed by 36.98% the S&P500. On Wednesday, May 10 the stock rating was upgraded by Bernstein to "Outperform". It has a 10.54 P/E ratio. For recent position, 4 analysts have ranked the WU with Buy ratings. As per Monday, January 9, the company rating was downgraded by Bernstein. A number of other equities analysts have also recently weighed in on ETP. [Full Article...]

Jeremy Corbyn leaves door open for potential deal with SNP

Jeremy Corbyn leaves door open for potential deal with SNP Mrs May announced soon after declaring the snap election for June 8 that she would break with the precedent set by predecessor David Cameron and refuse to take part in live TV debates , and sources close to Mr Corbyn initially indicated the Labour leader would not join any debate in which the PM was not participating. [Full Article...]

Jeremy Corbyn to take part in live TV debate despite May boycott

Jeremy Corbyn to take part in live TV debate despite May boycott The Prime Minister has appointed a stand-in to take part in the latest seven-way TV debate on the BBC . This projection suggested May would lose 20 seats and be stripped of her overall majority in Parliament, with just 310 lawmakers in a hung Parliament , down from 330 before she called the election. [Full Article...]

Oil Prices Fall on Oversupply Worries Despite OPEC Deal

The Goldman Sachs analysts said that $50 is the low end of range of expectations for US shale producers in short to long-term drilling plans, and capital expenditures, cash flow balances and overall leverage "appear prohibitive below $50". [Full Article...]

N+1 Singer Increases Conviviality PLC (CVR) Price Target to GBX 350

It now has negative earnings. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. UBS has "Sell" rating and GBX 205 target. Its down 1.41, from 2.24 in 2016Q3. The company was downgraded on Thursday, August 20 by Vetr. On Wednesday, December 7 the insider HJELM CHRISTOPHER T sold $502,755. [Full Article...]

Next Weeks Broker Price Targets For Lloyds Banking Group Plc (NYSE:LYG)

Next Weeks Broker Price Targets For Lloyds Banking Group Plc (NYSE:LYG) Among 11 analysts covering Republic Services (NYSE:RSG), 4 have Buy rating, 0 Sell and 7 Hold. 26/05/2017 - Babcock International Group had its "Buy" rating reiterated by analysts at Jefferies. The stock has "Hold" rating by Santander on Tuesday, October 6. Deutsche Bank AG lifted their price objective on shares of Mondi Plc from GBX 1,900 ($24.41) to GBX 2,100 ($26.97) and gave the company a ... [Full Article...]

Redefine International PLC (RDI) Given "Neutral" Rating at JPMorgan Chase & Co

The rating was maintained by Liberum Capital with "Hold" on Friday, March 24. Bernstein maintained Legal & General Group Plc (LON:LGEN) rating on Tuesday, January 5. In other news, insider Nigel Majewski sold 1,955 shares of Hilton Food Group plc stock in a transaction on Tuesday, April 25th. N+1 Singer assumed coverage on shares of Surgical Innovations Group Plc (LON: SUN ) in a research note i... [Full Article...]

Hewlett Packard Enterprise loses ground in wake of latest restructuring

Hewlett Packard Enterprise loses ground in wake of latest restructuring For the full year , HPE projected EPS of $1.46 to $1.56. Hewlett Packard Enterprise Comp (NYSE: HPE ) 52-week high price stands at $19.16 and low price stands at $12.71, its price distance from 52-week high is -1.62% while its distance from 52-week low price is 48.31%. [Full Article...]

President Trump to withdraw US from Paris accord, reports say

Now that White House officials are reportedly saying Trump will pull the United States from the accord - Trump tweeted that he will be announcing his decision "over the next few days" - Musk is facing calls to divest. McKenna said the rest of the world doesn't intend to sit and wait for Trump. The official insisted on anonymity in order to discuss the decision before the official anno... [Full Article...]

Clean-Energy Advocates: "No Three Mile Island Bailout"

Clean-Energy Advocates: Should the state offer tax credits to keep TMI online? A woman walks her dog along the Susquehanna River in front of the Three Mile Island nuclear power plant in Goldsboro, Pennsylvania, U.S. Today it's about to become a symbol of another feature of America's nuclear power industry: the impossibility of turning a profit. "Today is a hard day, not just for the 675 talented men and women who hav... [Full Article...]

Senior Trump officials defend budget plan

How this increase is paid for between now and "a later date" - "offset by targeted reductions elsewhere" - is where Congress is likely to begin making changes. Democratic Senate Minority Leader Charles Schumer said Republicans "dislike this budget nearly as much as we do". "It's a taxpayer-1st budget", Mr. [Full Article...]


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