Markets

Russian Think Tank: Oil Exports to Decline in 2017

Russian Think Tank: Oil Exports to Decline in 2017 According to a report from OECD , the oil stocks declined by 6 million barrels in May but remains 266 million barrels above the five-year average. Monthly export figures are provided by Riyadh and other members of the Organisation of the Petroleum Exporting Countries to the Joint Organisations Data Initiative (JODI), which published them on its website. [Full Article...]

ONGC gets cabinet nod for acquiring 51% govt stake In HPCL

ONGC gets cabinet nod for acquiring 51% govt stake In HPCL ONGC now owns 71.63 percent of MRPL while HPCL has 16.96 per cent stake in it. Sources said that one has to wait if ONGC needs to pay a premium over the traded price of HPCL shares will be taken by the company. The BSE Oil & Gas index was trading 66 points up at 13905.17 around 1.15 pm (IST). Once the government officially notifies the decision, the board of ONGC will consider buying out HPCL and ... [Full Article...]

BMO Capital Downgrades Rating On Chipotle Mexican Grill, Inc. (CMG)

BMO Capital Downgrades Rating On Chipotle Mexican Grill, Inc. (CMG) Finally, Gulf International Bank UK Ltd increased its stake in Chipotle Mexican Grill by 0.8% in the first quarter. Beese Fulmer Investment Management Inc. Its revenue totaled $1.05 billion up 1.56% from the previous quarter. Among 41 analysts covering Chipotle Mexican Grill Inc . Verde Servicos Internacionais S.A. [Full Article...]

Barclays Boosts Rating On Vertex Pharmaceuticals Incorpor (VRTX) To "Buy"

Barclays Boosts Rating On Vertex Pharmaceuticals Incorpor (VRTX) To Since February 1, 2017, it had 0 insider purchases, and 30 selling transactions for $68.81 million activity. About 1.01M shares traded. Vertex finished past year with $1.683 billion in total CF product revenues-consisting of $980 million from Orkambi (Kalydeco [ivacaftor] and lumacaftor) and $703 million from Kalydeco. [Full Article...]

Stan Lee honored with hand and footprint ceremony in Hollywood

Stan Lee honored with hand and footprint ceremony in Hollywood The 94-year-old comic book publishing legend put his hands and feet in a block of concrete, which will be displayed in front of the theater. "I cannot tell you what this means to me". "We as African-Americans were not just victims...we were not just slaves, we were kings and queens", Boseman said of how Black Panther - the king of the fictitious African nation of Wakanda - and his family wer... [Full Article...]

Atypical Bovine Spongiform Encephalopathy Discovered in Alabama Cow

Atypical Bovine Spongiform Encephalopathy Discovered in Alabama Cow Nevertheless, the agriculture ministry said that it will respond to the latest atypical BSE case in the US and take necessary comprehensive measures by considering regulations such as domestic animal infectious disease control law and USA beef import hygiene conditions. [Full Article...]

JC Penney Company Inc (NYSE:JCP), QUALCOMM, Inc. (NASDAQ:QCOM)

A number of research analysts have commented on JCP shares. Ken Grossman increased its stake in Penney J C Inc (JCP) by 577.99% based on its latest 2016Q4 regulatory filing with the SEC. Talking about profitability of the company, the profit margin percentage is -0.89% while its operating margin for the trailing twelve month is at 2.58%. [Full Article...]

IBM misses on Q2 revenues

IBM misses on Q2 revenues As it has had to do for 21 straight quarters, IBM on July 18 reported declining revenue in its earnings performance. An additional data center is slated to launch later this year. Second-quarter cloud revenues increased 15 percent to $3.9 billion, the company said. Various market share surveys put it in fourth place , more or less, well behind Amazon Web Services, Microsoft Azure, and Google Cl... [Full Article...]

Revenue Approximations Analysis: RLJ Lodging Trust (RLJ), Hanesbrands Inc. (HBI)

BidaskClub raised shares of Chesapeake Lodging Trust from a hold rating to a buy rating in a report on Friday, June 16th. According to the most recently released broker notes, 1 analyst has a rating of "strong buy" on the stock, 2 analysts "buy", 5 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell". [Full Article...]

Morgan Stanley (MS) Beats on Q2 Earnings & Revenue Estimates July 19, 2017

Morgan Stanley (MS) Beats on Q2 Earnings & Revenue Estimates July 19, 2017 Morgan Stanley's second-quarter earnings beat expectations on Wednesday thanks to a strong performance from its investment banking and wealth management divisions. Earnings per share for the quarter to the end of June came in at $0.87 versus $0.75 in the same period a year ago, surpassing estimates of $0.76. [Full Article...]

Mnuchin, Ross Seeking Increased Access to Chinese Markets

Mnuchin, Ross Seeking Increased Access to Chinese Markets In order to address trade imbalances, Wang called on the United States to relax its outdated regulations on export control, stressing that as the Chinese economy climbs higher on the value chain, there is huge market potential for USA exports of advanced technologies. [Full Article...]

Senate Dems Call for Review of Kushner's Security Clearance

Senate Dems Call for Review of Kushner's Security Clearance Assistant to the president for intergovernmental and technology initiatives Reed Cordish also forwent his White House salary. Director of the National Economic Council Gary Cohn sits at the other end of the spectrum with a $30,000 a year salary. [Full Article...]

Trump and Putin had undisclosed conversations at G20 dinner

Trump and Putin had undisclosed conversations at G20 dinner It followed a more than two-hour formal meeting earlier in the day between the two presidents that included their foreign ministers and featured a fraught discussion about Moscow's attempts to interfere in the 2016 elections. It had not previously been disclosed by the White House. According to the Washington Post , the second conversation occurred when Trump left his seat during a dinner for ... [Full Article...]

Air India rubbishes reports of offering VRS to employees ahead of disinvestment

Air India rubbishes reports of offering VRS to employees ahead of disinvestment An official was quoted by Reuters saying that the state-owned airline had also put fleet expansion on hold, scrapping a proposal to lease eight Boeing 787 wide-body aircraft. The airline has been under a debt of $8.5 billion while since 2012, New Delhi has injected $3.6 billion to keep it afloat. At present, Air India and its subsidiaries have almost 20,000 employees with 11,500 being on the c... [Full Article...]

Trump and Putin held second, undisclosed hour-long talk

Donald Trump Jr . has acknowledged he met in NY with Russian lawyer Natalia Veselnitskaya after he was told she might have damaging information about his father's rival, Democrat Hillary Clinton . "As the dinner was concluding, President Trump went over to Mrs. [Melania] Trump, where he spoke briefly with President Putin". Donald Trump and Vladimir Putin held an undisclosed second mee... [Full Article...]

End of 'rip-off' credit card charges as government announces crackdown

End of 'rip-off' credit card charges as government announces crackdown In 2010, the total value of surcharges was estimated to hit £473 million. MoneySavingExpert.com managing editor Guy Anker said: "Scrapping card surcharges is good news for the millions of consumers who would otherwise have been milked by companies who whack on unexpected charges at the end of the process - something that has been happening for years". [Full Article...]

Ocean Rig UDW (NASDAQ:ORIG) Receives Daily News Sentiment Rating of 0.25

The Price to Sales (P/S) ratio of the stock is 0.02, while P/B (Price to Book) stands at 1.53. The stock spiked 10.7% last month and is down -89.83 this year. The bigger the return, the more efficient management is in utilizing its asset base. An institutional investor recently bought a new position in Ocean Rig UDW stock. [Full Article...]

Reckitt Benckiser To Sell Food Business For USD4.20 Billion

Reckitt Benckiser To Sell Food Business For USD4.20 Billion The London and Amsterdam-listed firm was among a handful of companies understood to be competing for the operation behind French's mustard. McCormick said Reckitt's food arm was a "perfect match" for the group and pledged to keep the well-known brand names, which also include Cattlemen's BBQ Sauce. [Full Article...]

Dollar slumps as Trump suffers new defeat on health care

Dollar slumps as Trump suffers new defeat on health care Trump told reporters during a lunch with service members Tuesday that Republicans have been talking for years about repealing and replacing " Obamacare ", and is disappointed they couldn't deliver. Economic data on Tuesday showed USA import prices falling for a second straight month in June as the cost of petroleum products declined further, suggesting inflation pressures could remain weak for a w... [Full Article...]

Lyft driver charged with animal cruelty after tossing dog in brawl

Lyft driver charged with animal cruelty after tossing dog in brawl Keay says he confronted the driver near a bus stop across from the train station. "Unfortunately without thinking, Marc was trying to get the guy away from him, and therefore he reached into the auto". Keay grabs the arm of the younger man, identified in a police report as Marc Dionne, and flings him across the roadway. Daphne was reported to have sustained only minor injuries, the NJSPCA stat... [Full Article...]


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