Markets

Wall St set to open higher as oil prices recover

Wall St set to open higher as oil prices recover In a speech delivered in Sydney, the president of the Federal Reserve bank of San Francisco echoed Fed chair Janet Yellen, saying the recent dip in inflation was transitory and the rate of price gains would return to 2% by next year. Dow e-minis were up 70 points, or 0.33 percent, with 19,700 contracts changing hands at 8:35 a.m. ET (1235 GMT). Nasdaq 100 e-minis were up 28.75 points, o... [Full Article...]

Puerto Rico votes overwhelmingly for statehood

Puerto Rico votes overwhelmingly for statehood Governor Rosselló noted that statehood received 97% of the support, which represents more than 500,000 votes; a participation of about 33% compared to the voters in the November 2016 election event. After the votes were tallied, the Popular Democratic Party called the vote a waste of public money and a stinging humiliation for the government. And the U.S. [Full Article...]

Italy giving 5.2B euros in resources to keep 2 banks open

Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff. When the European Union authority in charge of winding down the bloc's failing banks - the Single Resolution Board - decided it wouldn't take the case, it handed ... [Full Article...]

Cyber Attack Hits British Parliament

Cyber Attack Hits British Parliament A couple of MPs and peers tweeted about their emails not working after parliamentary officials stopped at least one method for accessing data away from Westminster. It comes amid claims that security was so lax that even a worker in a McDonald's branch across the road knew the password for Parliament's WiFi network. [Full Article...]

Japanese airbag maker Takata files for bankruptcy

Japan's crisis-hit vehicle parts maker Takata said Monday it has filed for bankruptcy protection and its chief executive would quit, after a deadly airbag defect triggered the auto industry's biggest ever safety recall. The chemical can deteriorate when exposed to hot and humid air and burn too fast, blowing apart a metal canister. Reeling from that crisis, Takata has agreed to sell most of its ... [Full Article...]

Police Announce Cause Of Grenfell Tower Fire, And It Wasn't Arson

Police Announce Cause Of Grenfell Tower Fire, And It Wasn't Arson She added that the refrigerator, which has a freezer on the bottom and refrigerator on top, has not been recalled. "There may well be people who no one has contacted us about, who they know were in the building or have close links to Grenfell Tower ". [Full Article...]

Jordan Spieth spectacularly holes out for Travelers win

Jordan Spieth spectacularly holes out for Travelers win Weekley, 43, fired a 65 and was tied for the lead late in the round thanks to also birdieing three of his last four holes. McIlroy is playing in just his eighth tournament this year due to rib and back pain. Andrew Landry (Arkansas Razorbacks) ended the event 9-under 275 after shooting a 69 on Sunday. CT natives Brett Stegmaier (Madison) and J.J. Henry (Fairfield) stand at 3-under and even par... [Full Article...]

US Fed raises a key rate, signals third hike later

US Fed raises a key rate, signals third hike later The yield on the benchmark 10-year note settled at 2.160%, compared with 2.138% Wednesday. Meanwhile, in view of stable economic conditions, the Fed plans to reduce its 4.5-trillion-U.S. While the territory effectively imports U.S. monetary policy due to its currency peg, local banks have been reluctant to pass on higher rates to customers amid fierce competition for mortgages - heightening a pr... [Full Article...]

Italy's centre-right wins mayoral elections in blow to Matteo Renzi

PD leader and former premier Matteo Renzi , who is eyeing a return to power, said on Facebook that Sunday's poll results were "patchy". "It could have gone better", he admitted in a social media post. The centre-right thus claimed the results as a victory, winning key cities and towns from the centre-left Democratic Party in the north of the country. [Full Article...]

How major US stock market indexes fared on Monday

How major US stock market indexes fared on Monday On the S&P 500 , no surprises there, tech stocks led the advance, following their somewhat tumultuous session last week. On Monday, Apple rose for just the second time since two Thursdays ago. The Nasdaq composite climbed 70 points, or 1.1 per cent, to 6,221. The modest decrease by the price of crude oil comes even though a report from the Energy Information Administration showing a big... [Full Article...]

Rite Aid Corporation (RAD) Shares Bought by Utah Retirement Systems

Investment Centers Of America reported 30,091 shares. Peak6 Invests Ltd Partnership holds 282,026 shares or 0.02% of its portfolio. Twitter Inc now has $14.03B valuation. Credit Capital Investments Llc owns 798,200 shares or 8.4% of their United States portfolio. Geode Capital Mgmt Lc holds 23,282 shares or 0% of its portfolio. [Full Article...]

Whole Foods CEO says brand's standards intact under Amazon

That's because the long journey of, say, an avocado from Mexico gets progressively harder the closer it gets to the final buyer. "What happens when a machine bruises a piece of fruit and a customer is dissatisfied?" Kantor noted that Amazon's market cap gain roughly equaled the amount the company is paying for Whole Foods . [Full Article...]

Liontrust Asset Management PLC's (LIO) Add Rating Reaffirmed at Numis Securities Ltd

The stock has "Outperform" rating by RBC Capital Markets on Friday, October 16. On Tuesday, March 21st, Justin Hughes sold 81,250 shares of SThree Plc stock. On Friday, March 17th, Justin Hughes sold 7,000 shares of SThree Plc stock. Assetmark Inc accumulated 0.01% or 15,276 shares. They expect $0.88 earnings per share, up 12.82% or $0.10 from last year's $0.78 per share. [Full Article...]

Tate & Lyle PLC (BD15) Given Average Rating of "Hold" by Brokerages

Investors sentiment decreased to 1.17 in 2016 Q4. Its up 0.03, from 1.14 in 2016Q3. It dropped, as 25 investors sold Ashtead Group plc shares while 49 reduced holdings. They now have a GBP 1750.00p price target on the stock. Peel Hunt reaffirmed a "hold" rating and set a GBX 65 ($0.82) price objective on shares of HSS Hire Group PLC in a report on Wednesday, May 24th. [Full Article...]

Regal Entertainment Group (RGC) Shares Bought by Steinberg Global Asset Management

About 1.75M shares traded. It has underperformed by 18.05% the S&P500. Acadian Asset Mgmt Limited Liability reported 0.01% of its portfolio in Regal Entertainment Group (NYSE: RGC ). Live Your Vision Lc has invested 0.01% in Chevron Corporation (NYSE:CVX). Wealthtrust reported 100 shares. Polaris Management Ltd Com reported 1.40 million shares or 1.87% of all its holdings. [Full Article...]

Whole Foods Market, Inc. (WFM) Shares Sold by Oppenheimer & Co. Inc

Proteon Therapeutics, Inc. (NASDAQ:PRTO) announced that it has entered into a securities purchase agreement with a syndicate of current and new investors, led by an affiliate of Deerfield Management ("Deerfield"), for the sale of 22,000 shares of the Company's Series A Convertible Preferred Stock ("Preferred Stock") for gross proceeds of $22.0 million. [Full Article...]

General Motors Company (NYSE:GM) Sees Volume Pop in Session

General Motors Company (NYSE:GM) Sees Volume Pop in Session We should also point out that General Motors has a forward PE ratio (price relative to this year's earnings) of just 5.51, which is tad higher than the current level. The company has market cap of $8.68 billion. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. [Full Article...]

Man dead after Melbourne police pursuit

Man dead after Melbourne police pursuit The man was driving a New South Wales registered 2010 Holden sedan which police believe was not stolen. As the members turned into Victoria Road they saw that the auto had collided with a parked vehicle without stopping and as it continued travelling away from them, they activated their lights and siren. [Full Article...]

Overwhelmed By Air Bag Troubles, Takata Files For Bankruptcy Protection

Overwhelmed By Air Bag Troubles, Takata Files For Bankruptcy Protection Takata Americas, its USA arm, filed for Chapter 11 bankruptcy in DE on Sunday with liabilities of $10 billion to $50 billion, while the Japanese parent and subsidiaries filed for protection with the Tokyo District Court early on Monday. Analysts also point out that since Key Safety Systems will buy the new entity, Takata air bags and seat belts are expected to be fully rebranded as the USA mak... [Full Article...]

Another van attack: more terror death in London

The statement reaffirmed Egypt's rejection of all kinds of terrorism and discrimination based on race, religion, and gender. He said the response of the community had been "extraordinary" starting from the people who were attending a sick man on the street, who later died. [Full Article...]


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