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Markets Push Higher With S&P 500 Eyeing Record as Irma Downgraded

The gains came on the heels of a solid rally Monday after Hurricane Irma caused less damage in Florida than feared, and as anxiety about North Korea's nuclear program diminished. The iPhone maker was the second-biggest drag on the S&P behind McDonald's , which fell 3.2% to a more than one-month low on concerns about its third-quarter results.

Business

BMW unveils M8 GTE challenger

We'd like to think this GTE's craterous bonnet, huge front spoiler, bloated side skirts, ginormous rear wing and Tetris-spec carbon diffuser will surface on the road auto. "For us, the presentation of the uncamouflaged auto at the [Frankfurt motor show] is the next important step on the road to our first race outing, which we plan to be the 24 Hours of Daytona in 2018".

Business

Under Indian Pressure, UK seizes Dawood Ibrahim's assets

His properties in the Midlands have been under the radar of India's Enforcement Directorate, along with his assets in Dartford, Kent and Essex. This Act by the British Government has once again shown the healthy diplomatic relationship with India.

Business

North Korea warns USA will pay due price for spearheading United Nations sanctions

Liu urged the parties to agree to a Chinese-Russian plan calling for the North to freeze its missile and nuclear tests and the United States and South Korea to suspend joint military exercises. USA cabinet members are still open to a diplomatic solution, however President Trump recently tweeted, "Talking is not the answer". Meanwhile, President Trump is also putting pressure on South Korea .

Business

Lights still out for 5.8 million U.S. customers after Irma

Before and after photos from the National Oceanic and Atmospheric Administration compared the lights on a typical night in the Sunshine State to the drastic loss of light after the storm plowed through the state. FPL said after repairing any damage to its power plants and the lines that carry electricity from the generating facilities, the company next restores "critical facilities", like hospitals, police and fire stations, communication facilities, water treatment plants, transportation ...

Business

N. Korea sanctions are only a small step

In response to the latest test, South Korea, the USA, and Japan convened emergency National Security Council meetings and discussed countermeasures. "But the most important thing here is to ensure that all nations work together, present a united front and exert diplomatic pressure and economic pressure on North Korea to de-escalate".

Business

Crude Prices Diverge After Irma Lands

The Organization of the Petroleum Exporting Countries , of which Saudi Arabia is the largest member, and 10 other producers including Russian Federation first agreed late past year to cap their production at around 1.8 million barrels a day lower than October 2016 levels.

Business

Retailers Cite Equifax as Need for Uniform Data Breach Law

Outrage over the incident, and ensuing confusion, is building quickly. Heartland, a credit card processing company, paid out over $110 million to credit card companies and individuals for a 2008 breach that exposed about 130 million credit and debit cards.

Business

Target To Hire 100000 Workers For Holiday Season

The second largest general merchandise retailer in the USA, according to its website, is hiring 30,000 more people than it did during the same time period a year ago. Having the extra staff "will make shopping at Target even easier and more fun during one of the busiest times of the year", said Janna Potts, the company's chief stores officer.

Business

Elkhorn Investments LLC Purchases Shares of 33612 Coca-Cola Company (The) (NYSE:KO)

The company has market cap of $3.26 million. On Monday, The Coca-Cola Company (NYSE:KO) reached at $46.52 price level during last trade its distance from 20 days simple moving average is 1.67%, and its distance from 50 days simple moving average is 2.54% while it has a distance of 7.39% from the 200 days simple moving average.

Business

Olive Garden Has A New 'Pasta Passport' And Yes, It Involves Travel

Olive Garden is once again selling its unlimited Pasta Passes for 22,000 carb lovers who can indulge in eight weeks of Never Ending Pasta Bowls for $100. Burger King in Japan also hosts an all-you-can-eat Whopper challenge regularly that invites customers to eat all the burgers they can in 30 minutes for around US$11.

Business

Wells Fargo & Co (WFC) Analysts See $1.06 EPS

The stock decreased 0.38% or $0.15 during the last trading session, reaching $39.25. The stock traded at a volume of 17.66 million shares. Wells Fargo & Company (WFC) performance during the last one year degraded -0.64 percent, while its year to date (YTD) performance showed a negative trend of -10.03 percent.

Business

Sirius XM Holdings Inc. (NASDAQ:SIRI) - Analysts' Suggestions in the Limelight

Its opening price on the last trading day was $5.48. The P/E ratio is now 32.24 and the market cap is 25.28B. Institutional investors now hold around $5.38 billion or 21.2% in SIRI stock. Sirius XM Holdings's dividend payout ratio (DPR) is now 25.00%. If a firm can borrow money and use it to achieve a higher return than the cost of the debt, then the leveraging creates additional revenue that accrues to stockholders as increased equity.

Business

Lawsuits Have Been Filed Against Businesses For Alleged Price Gauging During Harvey

One North Texan tells CBS11 she paid $85 for 12 gallons of gas during post-Harvey price gauging. Customers who complained to the store clerks were allegedly told there was "nothing [they] could do about it". "Texas has tough price gouging laws, and my office will continue to aggressively investigate and prosecute cases arising from Hurricane Harvey", Paxton said.

Business

EU, Britain delay next round of Brexit talks because of May speech

Along with France, it is also the only permanent member of the UN Security Council and the only nuclear power in the European Union - giving it a central role in the continent's security. According to May's government, the bill will allow them to make minor technical changes to ensure a smooth transition process. British MPs today voted in favour of a crucial bill to end the UK's membership in the European Union , a victory for embattled Prime Minister Theresa May who hailed the ...

Business

The The Goodyear Tire & Rubber Company (GT) Issues Earnings Results

It has outperformed by 115.91% the S&P500. U S Global Investors Inc decreased Cooper Tire & Rubr Co (CTB) stake by 31.81% reported in 2016Q4 SEC filing. A low price-to-sales ratio, typically less than 1.0, is considered a good value. 7,040 were accumulated by Amalgamated Savings Bank. The other 15, though not evenly; between analysts who think you should buy Signature Bank versus those who think you should sell it.

Business

North Korea lashes out over 'vicious' United Nations sanctions

It bars countries from issuing new work permits to North Korean labourers sent overseas - there are some 93,000, providing Kim's regime with a source of revenue to develop its missile and nuclear programmes, according to a U.S. North Korea is thought to be getting better at concealing its nuclear work, making radioactivity less detectable from a distance. This summer, the USA targeted two Russian companies with penalties for supporting North Korean missile procurement.

Business

USDA Modifies 2017 Corn, Soybean Production Forecast

If realized, soybean production would be record high, topping the previous record of 4.307 billion bushels in 2016. Area harvested for grain is forecast at 83.5 million acres, unchanged from the August forecast but down 4 percent from 2016.

Business

EasyJet to provide feeder traffic to long-haul carriers at Gatwick

Guy Stephenson, Chief Commercial Officer, Gatwick Airport, said: "GatwickConnects lets passengers seamlessly self-connect between different airlines at Gatwick at the touch of the button. This will give smaller airlines access to a larger market as around 360 million visits were made to easyJet's website in the past 12 months. In January, Ryanair said it hoped to start offering connections to long-haul flights from Norwegian and Aer Lingus from May, but later said that would more likely be ...

Business

'Star Wars IX' to be directed by JJ Abrams

Rogue One required extensive reshoots as the plot was heavily reworked . J.J. Abrams is returning to " Star Wars ", and will replace Colin Trevorrow as writer and director of " Episode IX ". The pair haven't just worked together on Looper however, with Gordon-Levitt making his breakout appearance in Rian Johnson's directorial debut, Brick .

Business

Investor Sphere: Keeping an Eye on Levels For Occidental Petroleum Corporation

Closing price generally refers to the last price at which a stock trades during a regular trading session. Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Therefore 23% are positive.

Business

Oil set for first weekly gain since July as United States refiners return

U.S. West Texas Intermediate (WTI) crude futures were at $49.15 barrel at 00606 GMT, 5 cents above their last settlement. Refineries, which buy crude oil to produce gasoline and other products, had to shut down operations because of Harvey , and some in Port Arthur still have not been able to restart.

Business

Toshiba picks US-led consortium for chip business sale

The decision to enter into the MoU was made by Toshiba's Board of Directors om September 13. Cash-strapped Japanese industrial giant Toshiba said Wednesday it had picked a US-led consortium as the leading candidate to buy its prized chip business in a deal reportedly worth some $18 billion.

Business

Dow Climbs Back Above 22000 as Fears Ease

All 11 major S&P sectors rose, led by gains in technology and financial stocks. Bloomberg's dollar index rose for the first time in eight days and 10-year Treasury yields climbed past 2.10 percent. "The short-term stage has been set for some consolidation (in gold prices)". "Insured losses (overall) are now expected to be less than many feared", Credit Suisse analysts said after the estimated insured loss in the United States resulting from Irma was cut to $20-40 billion.

Business

Japanese Prime Minister Shinzo Abe's visit: India-Japan ties set to deepen

Gujarat's Ahmedabad is all set to welcome Japanese Prime Minister Shinzo Abe and his wife Akie Abe on Wednesday. Abe along with Modi will lay the foundation stone for the marquee Rs 1.1 lakh crore Mumbai-Ahmedabad bullet train project which Japan is financing.

Business

U.S. determined to have United Nations vote Monday on N.Korea sanctions

However, " sanctions and pressure are only half of the key to resolving the issue", Mr Wang said. North Korea's minister of external economic relations, who is at the forum, said his country will "respond to barbaric attempts to exert pressure by the USA by our strong countermeasures", according to the Russian state-run news agency Tass.

Business

GBP Rallies as UK Inflation Rises More Than Expected

The Consumer Price Index (CPI) or retail inflation , as it is more commonly known, rose 3.36 per cent in August from a year earlier, government data showed on Tuesday. Inflation had eased to 1.46 percent in June - its slowest pace since India started releasing retail inflation figures in January 2012, based on combined data for rural and urban consumers.

Business

Miami Beach Mayor In His Office As Hurricane Irma Lashes Florida

But what is exactly is a storm surge? The risky storm surge "will rush in and could kill you". Forecasters said Irma could push 4-6 feet (1.2 to 1.8 meters) of storm surge into coastal areas as far north as Charleston, South Carolina .

Business

What Analysts are Predicting For AbbVie Inc. (ABBV), Amgen Inc. (AMGN)?

AbbVie Inc. (ABBV ) has the market capitalization of $138.77 Billion. On average, analysts anticipate that AbbVie will post $5.52 earnings per share for the current fiscal year. Blackrock Advisors Ltd Llc accumulated 88,098 shares. 18,019 are owned by Jolley Asset Limited Liability. Washington Trust owns 0.55% invested in AbbVie Inc (NYSE:ABBV) for 134,745 shares.

Business

Will Trump's Self-Driving Car Policy Alter Course From Obama's?

Chao will announce the changes at an event at a mock town built by the University of MI in Ann Arbor where companies can test self-driving cars. The guidelines also stated the federal government would be in charge of determining whether those vehicles were safe.

Business

Bipartisan amendment entered to support trans service members

Kristen Gillibrand, D-New York, in introducing an amendment to prevent the Department of Defense from removing transgender service members from the military. In a statement released in July, McCain said, "There is no reason to force service members who are able to fight, train, and deploy to leave the military - regardless of their gender identity".

Business

Monster 'fatberg' found blocking east London sewer

Sewer workers investigating the 'berg say that over time it has solidified, and is now as hard to remove as concrete. In this undated handout photo issued by Thames Water on Tuesday, Sept. Now workmen armed with shovels and high-powered jets are working seven days a week to break it up. It also visited food outlets earlier this year to discuss how they dispose of fat and food waste.

Business

JPMorgan's CEO slams bitcoin as a 'fraud'

Lending to Dimon's clout on Wall Street and across economic circles, bitcoin slipped 1 percent nearly immediately following his remarks. "Don't ask me to short it", he said. In bitcoin's case, Dimon said he's skeptical authorities will allow a currency to exist without state oversight, especially if something goes wrong.

Business

Green factor explains disappearance of big-ticket promises in BC budget: James

The government will invest a further $291 million over two years to build 2,000 new modular housing units for people who are homeless, and spend $172 million over three years to operate them. "You can't turn back the clock on 16 years overnight". "The government's commitment to initiate a poverty reduction plan and take the first steps toward affordable child care is a refreshing and much needed change from the past".

Business

U.S. agency expected to find Tesla's Autopilot contributed to crash

The safety board's findings and recommendations could have broad implications for how self-driving technology is phased in on vehicles and trucks, and it comes as Congress is debating legislation to spur autonomous vehicle systems. Since the crash, the automaker has updated Autopilot to reduce maximum hands-off time before warnings begin to escalate. Now, instead of just giving the driver warnings every few minutes with no other action, Autopilot will disable after three ignored prompts within ...


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