Business


Raghuram Rajan slams demonetization, says was never in favour of it Raghuram Rajan slams demonetization, says was never in favour of it
- September 03, 2017

Mumbai: Former central bank head Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits, a leading national daily reported on Sunday. Let us not mince words about it - GDP has suffered. The demonetisation of currencies which constituted 86 per cent of the system has adversely affected the economy as GDP fall from 7 per cent in October-December quarter to 5.7 per cent in April-June. (more...)
Occidental Petroleum Corporation (OXY) Stake Lowered by Comerica Bank Occidental Petroleum Corporation (OXY) Stake Lowered by Comerica Bank
- September 03, 2017

It has underperformed by 3.85% the S&P500. First Allied Advisory Services Inc acquired 4,901 shares as Occidental Pete Corp Del (OXY)'s stock declined 8.50%. More news for Occidental Petroleum Corporation (NYSE:OXY) were recently published by: Seekingalpha.com, which released: "4 Reasons Why You Should Consider Occidental Petroleum" on August 28, 2017. (more...)
Stockholm: Man armed with knife stabs police officer in busy square Stockholm: Man armed with knife stabs police officer in busy square
- September 03, 2017

Thursday's incident occurred around 10:30 near a subway exit in Medborgarplatsen Square in the Sodermalm neighbourhood. A POLICE officer has reportedly been stabbed in the neck in the Swedish capital Stockholm . A witness told local news site Aftonbladet that she saw officers detaining the suspect. It is not uncommon to see police patrols at Björns Trädgård, but there has been an increased police presence recently after a demonstration against deportations to Afghanistan was relocated ... (more...)
Major Pipeline shuts down due to Hurricane Harvey Major Pipeline shuts down due to Hurricane Harvey
- September 03, 2017

Wednesday's inventory report showing US crude stockpiles dropped to the lowest level since January 2016, along with a rise in gasoline demand, "point to a fairly healthy picture still", McGillian said in a telephone interview. They have also seen some that are closed. "Valero is nearing containment and is having to hold the refineries at reduced rates or potentially even shutdown", according to the letter. (more...)
ND oil not feeling pain from hurricane - yet ND oil not feeling pain from hurricane - yet
- September 03, 2017

EDT. One option is Homeland Security could grant a blanket waiver for the Jones Act, which requires shipments between U.S. ports to have an American crew and a ship built in the U.S. In the first tapping of the reserve for an emergency since Hurricane Isaac in 2012, two emergency exchanges of oil of 500,000 barrels will be delivered to the Phillips 66 (NYSE: PSX ) refinery in Lake Charles, La., the department said. (more...)
What are Analyst's Indicators for KeyCorp (KEY), Archer-Daniels-Midland Company (ADM)
- September 03, 2017

On July 12 Citigroup made no change to the stock rating of "Buy" but moved down the price target to $47.00 from $50.00. Archer-Daniels-Midland Company (NYSE: ADM ) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. (more...)
Time Warner Cable Customer Records Leaked in Data Breach Time Warner Cable Customer Records Leaked in Data Breach
- September 03, 2017

The breach was eventually linked to BroadSoft Inc, a communications company, whose unit developed the MyTWC app. Kromtech said the exposed S3 buckets contained a "massive amount of sensitive information and researchers estimate it would take weeks to fully sort through all of the data". (more...)
More than four million Time Warner Cable records exposed in leak More than four million Time Warner Cable records exposed in leak
- September 03, 2017

Charter Communications bought Time Warner Cable past year and changed the name to Spectrum. The security center discovered the files - which date back to 2010 - while investigating a separate breach related to World Wrestling Entertainment . (more...)
Local drivers seeing spike in gas prices from Hurricane Harvey Local drivers seeing spike in gas prices from Hurricane Harvey
- September 03, 2017

Several refineries were forced to temporarily shut down, pinching gas supplies for the rest of the country. One convenience store in Houston reportedly charged $20 for a gallon of gas, $8.50 for a bottle of water and $99 for a case of water, according to the Texas Attorney General's office. (more...)
'I'm here for the long term,' British Prime Minister May says 'I'm here for the long term,' British Prime Minister May says
- September 03, 2017

Asked by ITV if she would be stepping down before the next scheduled general election in 2022, May said: "I'm not a quitter". "These are real issues that we need to be dealing with and I'm there to do it". She'll need to make it clear that she has indeed learnt her lesson in her Tory party conference speech in October. It's true that May has since apologised to Tory MPs for the "mess" she caused. (more...)
France says N Korea close to long-range missile capability France says N Korea close to long-range missile capability
- September 03, 2017

North Korean leader Kim Jong-Un has supervised the loading of what state news media said was a hydrogen bomb into a new intercontinental ballistic missile. North Korea has in the past temporarily halted nuclear development when the USA and others provided food aid or other types of compensation. In January 2016, North Korea conducted its fourth nuclear test, which Pyongyang claimed to be a successful test of a hydrogen bomb. (more...)
Oil markets hit by Storm Harvey; US dollar extends fall Oil markets hit by Storm Harvey; US dollar extends fall
- September 03, 2017

Houston also is the starting point of the massive Colonial Pipeline that takes gasoline, diesel and jet fuel as far north as NY, but operations had not been affected as of this afternoon; Shell is one of Colonial\'s partners. "There's plenty of gasoline in the state of Texas", he said. Canadian gasoline prices vary substantially by region and city, with Alberta, Saskatchewan, Manitoba, and most of the Atlantic provinces below the national average. (more...)
Oil prices turn lower as Harvey flooding weighs Oil prices turn lower as Harvey flooding weighs
- September 03, 2017

It returned as a storm to hit Louisiana on Wednesday, forcing the shutdown of the biggest US refinery, owned by Motiva Enterprises LLC in Port Arthur, Texas. "If the refineries stay shut for more than a week or 10 days, it's going to be very problematic". Analysts said prices would seesaw until there the market got a clearer outlook for the refinery industry. (more...)
Railroad commissioner: There's no fuel crisis in Texas Railroad commissioner: There's no fuel crisis in Texas
- September 03, 2017

But filling tanks was already becoming hard Thursday in central Texas, where some stations were out of gas and pump costs have risen steeply. Gas prices at almost every other gas station in the area have increased dramatically, from $2.19 to $2.39 in places. (more...)
Gas prices begin surge in wake of Harvey Gas prices begin surge in wake of Harvey
- September 03, 2017

The AAA website reports the average price of a gallon of gas in Florida rose 6 cents overnight - from $2.35 on Wednesday to $2.41 on Thursday. Harvey, downgraded to a tropical storm and losing steam as it moved inland, killed more than 40 people and brought record flooding that shut at least 4.4 million barrels per day (bpd) of refining capacity. (more...)
Harvey Concerns Weigh on Oil Prices Despite Bullish EIA Data Harvey Concerns Weigh on Oil Prices Despite Bullish EIA Data
- September 03, 2017

West Texas Intermediate crude contracts for October delivery traded down 1% to $45.97 per barrel shortly after 1:30 p.m., while global benchmark crude futures sank 2% to $50.95 a barrel. "Hence, the negative impact on crude oil demand and oil product supply might be less severe than feared". They are now 14.5 percent below the record levels hit in March. (more...)
Strong data boosts yields, dollar; stocks edge higher Strong data boosts yields, dollar; stocks edge higher
- September 03, 2017

Wall Street got a boost on Wednesday when data showed the USA economy grew at an upwardly revised 3 percent annualised pace in the second quarter, courtesy of robust consumer spending and strong business investment. The dollar index, which measures the greenback against a basket of six major currencies, was last up 0.7 percent at 92.879.DXY after temporarily hitting a more than 2-1/2-year low of 91.621 Tuesday. (more...)
Delphi Automotive plc Ordinary (DLPH) Reaches 52-Week High
- September 03, 2017

Douglas Lane & Associates, LLC claims 908,917 shares with a value of $79,667,000. Delphi Automotive plc Ordinary 's P/E ratio is 20.31 and the market cap of the company is 25.61B. The firm has "Buy" rating by Jefferies given on Monday, August 28. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. (more...)
ValuEngine Downgrades Valeant Pharmaceuticals International, Inc. (VRX) to Hold
- September 03, 2017

About 5.86 million shares traded. About shares traded. Valeant Pharmaceuticals Intl Inc (NYSE: VRX ) has declined 48.51% since September 2, 2016 and is downtrending. State Treasurer State Of Michigan reported 387,759 shares or 0.04% of all its holdings. Franklin holds 233,866 shares or 0% of its portfolio. Pomelo Capital Llc increased Seadrill Limited (NYSE:SDRL) stake by 551,823 shares to 1.68M valued at $5.72 million in 2016Q4. (more...)
How Tropical Storm Harvey could impact California gas prices How Tropical Storm Harvey could impact California gas prices
- September 03, 2017

Tropical storm Harvey shut down a third Gulf Coast refining center Wednesday and is knocking on the door of a fourth, cutting even more deeply into the us refining capacity . In Libya , the 120,000 bpd Zawiya oil refinery was working at only half its capacity due to the shutdown at the Sharara oilfield, according to a refinery source. (more...)
Alerus Financial NA Buys 4064 Shares of Prudential Financial, Inc. (PRU)
- September 03, 2017

It is down 21.13% since August 31, 2016 and is uptrending. It has outperformed by 16.40% the S&P500. Gargoyle Investment Advisor Llc increased Prudential Finl Inc ( PRU ) stake by 52.46% reported in 2016Q4 SEC filing. On Tuesday, November 3 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". FBR Capital has "Mkt Perform" rating and $86 target. (more...)
Growth Analysis of Himax Technologies, Inc. (NASDAQ:HIMX)
- September 03, 2017

The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. The Beta factor for the stock is listed at 0.71. The impact of earnings growth is exponential. The growth potential generally refers to amount of sales or revenues the organization generates. (more...)
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) Sees Unusual Trading Volume in Its Shares BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) Sees Unusual Trading Volume in Its Shares
- September 03, 2017

It has underperformed by 11.41% the S&P500. B E Aerospace Inc now has $ valuation. Vanguard Group Inc. raised its position in shares of BioMarin Pharmaceutical by 3.7% in the first quarter. The firm has "Conviction Buy" rating by Goldman Sachs given on Monday, March 7. It last reported revenues of $317.45 million and EPS of -$0.21 for the June 2017, representing 6% top-line growth and 1.08 EPS growth. (more...)
China KFC Introduces 'Smile to Pay' System China KFC Introduces 'Smile to Pay' System
- September 03, 2017

In a case of putting its money where its mouth is - to pardon the pun - Ant Financial said it will offer loss coverage in the event of theft of a customer's Smile to Pay account. Provided that the customer has a working Alipay account with this feature enabled, the entire process takes mere seconds to complete once the customer's photograph is taken and a partial phone number is keyed in for confirmation. (more...)
Guidewire Software Inc (GWRE) EPS Estimated At $0.23
- September 03, 2017

Stifel Nicolaus increased their target price on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a "hold" rating in a research report on Friday, June 2nd. 890 were reported by Monetary Mngmt Grp Inc Inc. Moreover, Delta Asset Management Llc Tn has 0% invested in Perrigo Company plc Ordinary Shares (NYSE:PRGO). (more...)
What To Do If You Expect Price Gouging What To Do If You Expect Price Gouging
- September 03, 2017

Some people even predicted that some gas stations would take advantage of the bad situation and gouge customers. Schneiderman's warning to New Yorkers was precautionary, as some gas stations have engaged in price gouging during past storms, he said. (more...)
Gas prices jump some ahead of Labor Day Gas prices jump some ahead of Labor Day
- September 03, 2017

Gas prices have spiked yet again and are now up about 24 cents a gallon since Hurricane Harvey struck Texas. Major fuel pipelines feeding the U.S. A spokeswoman for the office said as of Thursday afternoon there have been 202 complaints of price-gouging at service stations around Texas since Harvey began. (more...)
Boston Scientific Corporation (NYSE:BSX) reported Sales of 8.71 Billion Boston Scientific Corporation (NYSE:BSX) reported Sales of 8.71 Billion
- September 03, 2017

Cleararc Capital Inc. increased its stake in shares of Boston Scientific Corporation by 0.8% in the first quarter. WFG Advisors LP now owns 157,919 shares of the medical equipment provider's stock worth $4,378,000 after buying an additional 23,305 shares during the last quarter. (more...)
Brokerages Set The Kraft Heinz Company (KHC) Price Target at $96.34 Brokerages Set The Kraft Heinz Company (KHC) Price Target at $96.34
- September 03, 2017

Morgan Stanley now owns 8,364,778 shares of the company's stock valued at $759,605,000 after buying an additional 2,988,664 shares during the period. The Kraft Heinz accounts for 2.0% of Blue Ridge Capital L.L.C.'s holdings, making the stock its 22nd largest position. (more...)
Microchip Technology Incorporated (MCHP) Receives $88.71 Average Price Target from Analysts
- September 03, 2017

Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Vanguard Group Inc. increased its position in shares of Microchip Technology by 2.6% in the first quarter. These funds have also shifted positions in (MCHP). The firm earned "Buy" rating on Saturday, August 8 by Jefferies. Spf Beheer Bv, Netherlands-based fund reported 1.30 million shares. (more...)

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