Business


Lopez refuses to dwell on SEA Games taekwondo letdown Lopez refuses to dwell on SEA Games taekwondo letdown
- August 28, 2017

Vietnam sent more than 470 athletes to compete at the Games from August 19-30. Another two more gold from squash are assured from the all-Malaysian men's and women's singles finals also scheduled tonight. Malaysia clinched four silver medals through Kwan in the hoop apparatus (15.250 points), Koi in the ball (15.050 points) and ribbon (14.700 points) apparatus, as well as Izzah in the clubs apparatus (15.250 points). (more...)
About 25 percent of US Gulf oil output offline due to Harvey
- August 28, 2017

Light, sweet crude for October delivery lost 50 cents, or 1%, to $47.91 a barrel on the New York Mercantile Exchange. He said the market was shrugging off the inventory draws, which were approaching 75 million barrels since March, plus another 15 million from the U.S. (more...)
Gilead to buy Kite Pharma for about US$12 bil Gilead to buy Kite Pharma for about US$12 bil
- August 28, 2017

It has outperformed by 58.64% the S&P500. Cwm Llc increased Gilead Sciences Inc ( GILD ) stake by 1070.36% reported in 2016Q4 SEC filing. Gilead Sciences, Inc. Spark Investment Mngmt Limited Liability holds 0.34% or 95,900 shares. Aqr Capital Mgmt Lc invested 0.01% of its portfolio in Tetra Tech, Inc. Price T Rowe Associate Md invested in 7.25 million shares or 0.05% of the stock. (more...)
Want to trade efficiently? Check out: NIKE, Inc. (NKE) Want to trade efficiently? Check out: NIKE, Inc. (NKE)
- August 28, 2017

The firm has "Hold" rating by Canaccord Genuity given on Tuesday, September 22. The company was initiated on Thursday, November 12 by Craig Hallum. The company maintains price to book ratio of 0.00 vs.an industry average at 0.45. Its share price has risen 2.49% in three months and is down -1.91% for the last five trades. Since March 24, 2017, it had 1 insider buy, and 5 sales for $14.79 million activity. (more...)
Amazon to Cut Whole Foods Prices Amazon to Cut Whole Foods Prices
- August 28, 2017

Kroger's shares dropped by 8.1% on Thursday, with Costco falling 5% and Amazon's main rivals Walmart declining 2%. The S&P 500 Food Retail index closed down nearly 5% as more than $10 billion was wiped off the market value of big food sellers. (more...)
Kinross Gold Corporation (KGC) Stock Rating Reaffirmed by Royal Bank Of Canada
- August 28, 2017

Kinross Gold Corporation had a net margin of 1.54% and a return on equity of 3.63%. Comerica Bank reported 375,005 shares. The share price has moved forward from its 20 days moving average, trading at a distance of 0.82% and stays 3.07% away from its 50 days moving average. (more...)
Navient Corporation (NAVI) Stake Increased by Vanguard Group Inc
- August 28, 2017

The rating was downgraded by JP Morgan to "Neutral" on Tuesday, January 17. The stock of Navient Corp (NASDAQ:NAVI) has "Hold" rating given on Wednesday, May 31 by BMO Capital Markets. $922,738 worth of stock was sold by Hyslop Gregory L on Wednesday, May 3. $4.25 million worth of PrivateBancorp Inc (NASDAQ:PVTB) was sold by Evans Jennifer. (more...)
Amazon's acquisition of Whole Foods Market: What it means
- August 28, 2017

Amazon's confirmed purchase of Whole Foods caused many grocery store shares to tumble - and for good reason. Adding Whole Foods benefits should help Amazon attract more shoppers to its successful Prime scheme, which features two-day shipping for eligible purchases and unlimited streaming of movies and TV shows. (more...)
(EPD) Ownership Up in Latest Report from Brookfield Asset Management Inc
- August 28, 2017

Leighton Welch increased its stake in Enterprise Products Partners L.P. ( EPD ) by 10.12% based on its latest 2016Q4 regulatory filing with the SEC. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/lucas-capital-management-purchases-8312-shares-of-enterprise-products-partners-l-p-epd/1550460.html. (more...)
US Navy 7th Fleet commander dismissed after USS John S. McCain collision US Navy 7th Fleet commander dismissed after USS John S. McCain collision
- August 28, 2017

The chief of naval operations, Admiral John Richardson, said that in addition to the brief review this week, he's ordered a months-long review of the Navy's Seventh Fleet. John S. McCain . Photos posted on the Twitter account of a Malaysian navy frigate on Wednesday showed crew carrying what appeared to be a body to a U.S. (more...)
European Shares Seen Lower As Brexit Talks Resume
- August 28, 2017

He's said that boosting US growth to 3 percent is "setting very realistic expectations". Investor concerns about a looming deadline in late September to raise the U.S. Geopolitical tensions are also running high after North Korea fired three short-range missiles into the sea Saturday amid U.S. U.S. Secretary of State Rex Tillerson said on Sunday the test was a provocative act but that the U.S. (more...)
Petrol price highest in last three years Petrol price highest in last three years
- August 28, 2017

Since then, the prices have risen in 50 out of 60 days. State-owned oil companies on June 15 chose to move to a system of daily revision of fuel prices, dumping a 15-year-old practice of revising these prices on the first and 16th of every month. (more...)
Third body found at Kusasalethu mine Third body found at Kusasalethu mine
- August 28, 2017

Regrettably, he succumbed to his injuries, the mine said on Sunday. There were about 3 000 miners working at the time of the tremor but all apart from the five were safe. Parties who participated in the inspection noted that the challenging ground conditions have made rescue efforts particularly hard. Efforts to reach the remaining employees will continue until each and every employee has been found. (more...)
S&P 500 Futures Rise After Yellen's Jackson Hole Speech
- August 28, 2017

The euro was a shade higher at $1.1924 after rising to $1.1966, its highest since January 2015. In a post on Twitter , Trump said Congress could have avoided a legislative "mess" if it had heeded his advice on raising the amount of money the government can borrow, known as the debt ceiling. (more...)
Hurricane Harvey Will Drive Up Gas Prices Here Hurricane Harvey Will Drive Up Gas Prices Here
- August 28, 2017

Tom Kloza, Head of Energy Analysis at Oil Price Information Service, says he thinks the market was counting on a loss of production in Houston and Corpus Christi, but the latter was only dealt a glancing blow, and should be back in business soon. (more...)
Axelsen beats Chen to meet Lin Dan in world badminton final Axelsen beats Chen to meet Lin Dan in world badminton final
- August 28, 2017

The 23-year-old Dane crushed twice defending champion Chen Long 21-9, 21-10 in the day's first match. "So I am very happy I managed to do this". "Today I am really happy with my performance because this is my first semi-final", said Son. Denmark is a small country but I am very proud that we can compete with the bigger countries. Sindhu, a two-time World Championships bronze medallist, dominated her younger opponent from the beginning, not allowing the reigning world junior champion to ... (more...)
Now, RBI to come out with new Rs 1000 note Now, RBI to come out with new Rs 1000 note
- August 28, 2017

Even as that happens, preparations for the design and the paper for printing Rs 1,000 note are in full swing. As per a report by Times of India , Santosh Kumar Gangwar, minister of state for finance said that 6,858 million Rs 1,000 notes were in circulation. (more...)
Infosys spurts almost 5% on Nilekani's appointment Infosys spurts almost 5% on Nilekani's appointment
- August 28, 2017

Benchmark indices opened on a firm note on Monday following positive trading in Asian markets. Nilekani has said he would focus on finding a chief executive, reconstituting the board and future strategy and will ensure to calm investors who have been rattled over the sudden resignation of the IT major's former CEO and MD, Vishal Sikka . (more...)
Regulator's inquiry into Commonwealth Bank appropriate, Scott Morrison says Regulator's inquiry into Commonwealth Bank appropriate, Scott Morrison says
- August 28, 2017

The Australia Securities and Investments Commission is studying whether CBA complied with its duties under the Corporations Act and had met its continuous disclosure obligations, while a shareholder class action is also on the cards. "For CommBank shareholders there's going to be a real dollar cost to all of this". The numerous scandals that have plagued the bank had stoked calls for a royal commission into the banking industry but the government has so far rebuffed calls for a more thorough ... (more...)
Eli Lilly and Company
- August 28, 2017

Investment Partners Ltd who had been investing in Lilly Eli & Co for a number of months, seems to be less bullish one the $86.75B market cap company. Eli Lilly and Company (NYSE:LLY) is worth US$87.65 Billion and has recently risen 0.91% to US$78.86. (more...)
Markets reduce Fed rate hike bets as Yellen sidesteps policy remarks
- August 28, 2017

Yellen didn't mention monetary policy in her speech at the Jackson Hole conference of central bank chiefs. The main United States oil contract West Texas Intermediate edged down in early trade after surging at the end of last week as energy companies were forced to shut down some of their operations because of deadly Hurricane Harvey . (more...)
Uber board picks CEO of Expedia as chief executive Uber board picks CEO of Expedia as chief executive
- August 28, 2017

The Wall Street Journal reported over the weekend that Whitman gave a presentation to Uber's board on Saturday about the chief role, despite her public denials of interest in the job. The company also has been rocked by management upheaval. "If Benchmark insists on trying to use the courts to try to take over this company, we are committed to doing everything we can to try to stop this abuse", Pishevar wrote in his letter to the board. (more...)
US dollar falls after Fed's Yellen makes no monetary policy comment
- August 28, 2017

Speaking at a gathering of central bankers and economists in Jackson Hole, Wyoming , Mr Draghi said "openness to trade is under threat". The theme for the conference is "Fostering a Dynamic Global Economy" and Draghi is expected to stick to it, even though global investors will be keen to have clues as to when the European Central Bank will begin winding down its $2.6 trillion bond-buying program. (more...)
Vodafone Group (LON:VOD) Recent Analyst Updates
- August 28, 2017

Vodafone Group PLC has a one year low of $24.17 and a one year high of $31.67. The stock decreased 0.21% or GBX 0.46 on August 23, reaching GBX 220.69. Baillie Gifford & Company sold 90,621 shares as Facebook Cl.A (FB)'s stock rose 10.88%. Odey Asset Management Group Ltd owns 5.50 million shares or 4.86% of their USA portfolio. (more...)
Oil markets roiled as Hurricane Harvey hits U.S. petroleum industry Oil markets roiled as Hurricane Harvey hits U.S. petroleum industry
- August 28, 2017

Harvey came ashore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. Crude production was also affected, but to a lesser degree. In its daily update on Friday, the Bureau of Safety and Environmental Enforcement (BSEE) said 21.55% of production has been shut in as a result of the storm. (more...)
Queensland event goers warned about ticket reseller Queensland event goers warned about ticket reseller
- August 28, 2017

The Commerce Commission is also investigating over 60 complaints about Viagogo from New Zealand consumers. It's been revealed, the Queensland Office of Fair Trading (QOFT) has received 43 complaints from consumers about Viagogo in the last 12 months. (more...)
Former ironman champion dies on the Gold Coast Former ironman champion dies on the Gold Coast
- August 28, 2017

The auto crash on the Gold Coast . Dean Mercer , 47, a two-time victor of the national ironman title, crashed into a fence outside a Mermaid Waters shopping centre auto park about 7am on Monday. "He was the ideal roll (sic) model in every way". Mercer was inducted into the Gold Coast's Kurrawa club's Hall of Fame in 2014 and was still actively involved in the sport, coaching the Nippers at the club. (more...)
CBS to Buy Australian Broadcaster Ten Network CBS to Buy Australian Broadcaster Ten Network
- August 28, 2017

CBS Studios International president and CEO, Armando Nuñez, said Network Ten and CBS have enjoyed a close working relationship for almost two decades. Ten appointed administrators after its billionaire backers, Lachlan Murdoch and Bruce Gordon, refused to guarantee a new 250 million-Australian dollar (£154m) bank loan when a current 200 million-dollar loan is due to expire in December. (more...)
Perrigo Company (PRGO) Position Maintained by Canada Pension Plan Investment Board
- August 28, 2017

It has underperformed by 3.50% the S&P500. Livingston Group Asset Management Southport Capital Management decreased its stake in Perrigo ( PRGO ) by 81.12% based on its latest 2016Q4 regulatory filing with the SEC. The stock of Perrigo Company plc Ordinary Shares (NYSE:PRGO) has "Buy" rating given on Thursday, August 10 by Cantor Fitzgerald. The rating was maintained by Stifel Nicolaus on Monday, August 14 with "Hold". (more...)
Crude oil gains in Asia as Harvey gains force, Texas refiners braced Crude oil gains in Asia as Harvey gains force, Texas refiners braced
- August 28, 2017

USA oil production hit 9.53 million barrels per day (bpd) last week, the highest level since July 2015 and up over 13 percent from their most recent low in mid-2016. Two refineries in Corpus Christi, Texas - Flint Hills Resources' [FHR.UL] 296,470 barrels per day plant and Citgo Petroleum's 157,000 bpd plant - were shutting down operations in preparation of the storm. (more...)