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University of Chicago's Thaler wins Nobel Prize in Economics

Richard Thaler , founder of a line of thought described as "behavioral economics", this week was designated the victor of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017. "By exploring the consequences of limited rationality, social preferences and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes", it said.

Business

Bank Of America Corp (NYSE:BAC) Institutional Investor Sentiment Analysis

It has outperformed by 41.94% the S&P500. The stock witnessed 14.11% gains, 5.3% gains and 13.17% gains for the 1-month, 3-month and 6-month period, respectively. Therefore 33% are positive. Proofpoint Inc had 66 analyst reports since July 24, 2015 according to SRatingsIntel. Macquarie Research upgraded the shares of BAC in report on Tuesday, August 25 to "Underperform" rating.

Business

International Monetary Fund fails to upgrade United Kingdom growth forecasts amid Brexit uncertainty

The IMF World Economic Outlook, released on Tuesday, also raised next year's growth to 3 percent, the same as this year's, higher than the 2.8 percent projected in April. The IMF is encouraging countries to take advantage of the benign climate to boost the growth potential of their economies and cushion the impact of the next downturn.

Business

Kobe Steel falsified data on metal used in cars and planes

Toyota confirmed that it has used aluminium with falsified strength and durability ratings in its doors and other outer areas. "We are rapidly working to identify which vehicle models might be subject to this situation and what components were used", Toyota spokesman Takashi Ogawa said.

Business

NVIDIA Corporation (NVDA) Releases Advanced New Self-Driving Car Chip

Naturally, fully-autonomous vehicles require heap loads of computational power, and Nvidia thinks its Pegasus is up to the challenge. According to NVIDIA , DRIVE PX Pegasus is capable of executing over 320 million operations per second, outpacing its predecessor by 10x.

Business

Sprint-T-Mobile Merger: Announcement Coming Soon?

The companies are still negotiating an exchange ratio for the all-stock deal to determine Sprint's valuation, according to the report, which cited unnamed "people familiar with the matter". Sprint and T-Mobile are also talking about where the location of the headquarters will be as well as the appointments to the executive management team.

Business

German Industrial Output Growth Fastest Since Mid

Seasonally adjusted exports rose by 3.1 percent on the month while imports were 1.2 percent up, data published on Tuesday showed. That suggests strong third quarter GDP growth in more good news for Europe's largest economy. The biggest risks to Germany's upswing come from the outside, Brzeski said, pointing to geopolitical risks, the stronger euro and a possible slowdown of the USA economy as a result of further absence of tax relief or investment programs.

Business

Traders Purchase Large Volume of Honeywell International Call Options (HON)

Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate's stock worth $3,179,000 after purchasing an additional 766 shares during the period. Hill International, Inc. has a 50 day moving average of 4.80 and a 200 day moving average of 4.70. (NYSE: HON ) rating on Thursday, August 24. In the statement it also raised the low-end of its full-year 2017 earnings guidance by 5 cents to $7.05 - $7.10, excluding any pension mark-to-market adjustment.

Business

Sensex, Nifty end marginally higher; Biocon, DMart rally 7%

In opening trade, the 30-share BSE Sensex was up 82.94 points at 31,929.83 and the 50-share NSE Nifty gained 23.75 points at 10,012.50. On Tuesday, the equity markets once again got off to a strong footing with Nifty reclaiming the 10,000- mark.

Business

Microsoft and GE enter 15 year agreement for wind energy farm

ElectroRoute, a Dublin-based Mitsubishi company, is acting as the trading service provider for Microsoft's energy supply company. In addition to producing energy, the project will provide valuable data on energy storage. "Wind is now one of the most competitive sources of electricity on the market today, and we're excited about the capability to use data generated from these wind turbines, using the Predix platform, to maximize the output and value of this project".

Business

Two reasons why NFL players are wrong to protest the national anthem

But on Sunday, Jones emphatically announced that any players from his team who "disrespected" the national anthem by not standing would not play. Mr. Jones said he was unaware of their actions. "There is room for (NFL) management to do the same and maybe then players do not have to risk the taunts and threats alone".

Business

Crude Oil Prices Mixed in Choppy Trade

Earlier reports quoted Saudi Arabia's Energy Minister Khalid al-Falih as saying he hoped the cartel and its partners could reach a consensus on the future of the deal before that meeting. According to the Bureau of Safety and Environmental Enforcement, more than 90% percent of crude oil production capacity in the Gulf of Mexico was shut in.

Business

Wood Group Completes Foster Wheeler Deal

Capita Group PLC (LON:CPI) has appointed former Amec Foster Wheeler PLC ( LON:AMFW ) boss Jon Lewis as its chief executive to lead the turnaround of the struggling outsourcer. Finally, Jefferies Group LLC reaffirmed an "underperform" rating and set a GBX 414 ($5.44) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, September 6th.

Business

U.S. lands dumping duties on Canadian plane imports

In April 2016, Atlanta-based Delta Air Lines entered an agreement to purchase new C Series aircraft from Bombardier in deal valued at $5 billion. The additional request for almost an 80% penalty would push the total assessment to 300%, and is likely to elevate the tensions between the US and longstanding trade and foreign policy allies, Canada and the United Kingdom, where Bombardier builds the CSeries jets.

Business

Devon Energy Corporation (DVN) Given a $66.00 Price Target at Stifel Nicolaus

The dividend will be $0.060 per share for the quarter or $0.24 on an annualized basis. The stock ended last trade at $35.78 a share and the price is up more than -21.66% so far this year. Pinebridge Invs Limited Partnership holds 105,070 shares or 0.09% of its portfolio. The value of the investment in ( DVN ) went from $19,689,000 to $11,436,000 a change of $8,253,000 since the last quarter.

Business

'McVegan' burger makes debut in one store worldwide

The fast-food company announced that it is trying out a soy-based burger in the Scandinavian country in a test trial that, if successful, could see the McVegan land on menus across the world, according to The Evening Standard. Hungry customers who were able to try the burger took to social media to share a photo of the meal. Undoubtedly, McDonald's is following in the footsteps of other fast food restaurants who have added vegan dishes to the menu.

Business

VirnetX Holding Corp (VHC) stock changed 3578658 shares unusually Yesterday

RBC Capital Markets maintained it with "Hold" rating and $21.0 target in Sunday, August 27 report. (NYSE:CCI)'s stock was 17.00%. The rating was maintained by Canaccord Genuity on Monday, August 10 with "Buy". This company shares (AMID) so far managed to recover 32.88% since collapsing to its 52-week low. 162.82 million shares or 0.84% more from 161.46 million shares in 2017Q1 were reported.

Business

Vegas Gunman Would Have Had Clear View Of Lollapalooza Concert Stages

A terrorist gunman opened fire on a crowd of 20,000 concertgoers this past Sunday night in Las Vegas , killing 59 and injuring over 500 more. "I didn't really know what it all looked like until the morning". Some 400,000 people attended this year's Lollapalooza. She said she was devastated by the carnage and would cooperate with authorities as they struggle to get inside Paddock's mind.

Business

Attacks Narendra Modi, Amit Shah over son's business earnings

Mandi: Ending speculations over the party's chief ministerial candidate in Himachal Pradesh, Congress vice-president Rahul Gandhi on Saturday said senior leader Virbhadra Singh will "become the Chief Minister for the seventh time". As per the media report, Jay Shah company increased 16,000 times in the year following the elevation of Shah to the post of party president. India, he said, is competing with China these days.

Business

Oil prices stable as OPEC says market is rebalancing

Oil prices were mixed on Monday with global benchmark Brent Crude down 0.50% recently, while US crude West Texas Intermediate was unchanged after some comments from OPEC officials signaled that the group and other producers may take further action to restore market balance.

Business

Fire Cancels American Airlines Flight in Hong Kong

A fire broke out on the tarmac of Hong Kong International Airport yesterday, with black smoke seen billowing near the belly of an American Airlines plane. "The operator of loading equipment is being looked after by medical professionals with non-life threatening injuries", American Airlines said. American Airlines flight 192 was scheduled to depart Hong Kong at 6:10 p.m.

Business

OPEC compliance with cut deal exceeds 100% in Sept.: Zanganeh

A stronger dollar, which makes greenback-denominated commodities more expensive for buyers in other currencies, also led to further losses in the oil market on Friday. OPEC is also seeing a decline in growth in US shale oil output, whose increasing volumes helped bring about the slide in prices three years ago. "Putin and Salman will most likely reach, but not announce, an agreement to extend the OPEC/non-OPEC production deal, though with a commitment to taper the cuts", said Eurasia Group.

Business

Alabama's Nick Saban: 'We're not going to beat everybody 66-3'

Alabama would need four plays to score, with Hurts taking the ball in from a yard out to make it 17-3. I think it's special with the kind of support and tradition that we have. Ouch. It's recovery time for teams that got painful reality checks last week, and now they've got to stop the slide from getting out of hand. Daniel LaCamera would convert a 52-yard field goal that just made it over the crossbar, giving A&M a 3-0 lead.

Business

Amazon.com, Inc. (AMZN) Shares Bought by Bowling Portfolio Management LLC

Amazon .Com Inc. now has $477.06 billion valuation. The fund owned 5,866 shares of the e-commerce giant's stock after acquiring an additional 204 shares during the quarter. Its down 0.02, from 0.91 in 2017Q1. It dived, as 26 investors sold AMAG Pharmaceuticals, Inc. shares while 50 reduced holdings. 108 funds opened positions while 133 raised stakes.

Business

Walmart to Launch Return App Mobile Express Returns

First Personal Fin Ser owns 73,186 shares. Ls Invest Ltd holds 0.34% or 74,339 shares in its portfolio. MD now owns 15,071,579 shares of the retailer's stock valued at $1,086,962,000 after buying an additional 179,166 shares during the period.

Business

$1.22 EPS Expected for Walgreens Boots Alliance Inc (WBA)

These firms have modified their investment in WBA. O'Reilly Automotive, Inc. (NASDAQ:ORLY) is worth US$18.58 Billion and has recently fallen -0.46% to US$211.18. had bought a total of 50 shares growing its stake by 21.0%. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Business

McDonald's promises more Szchuan Sauce for 'Rick and Morty' fans

Wubba lubba grub-grub, it looks like the world is still gripped by Szechuan sauce fever thanks to a one-off joke by Adult Swim's Rick and Morty . After facing intense backlash in restaurants and online, McDonald's has pledged to bring back more of the sauce.

Business

Project Loon to provide emergency LTE Network in Puerto Rico

More than 80% of Puerto Rico's cellular towers are still out of service more than two weeks after the arrival there of Hurricane Maria, and almost one-third of the island's counties have no service, according to the FCC. From there, they must work with an on-the-ground telecommunications system. Lexington, Massachusetts-based Vanu Inc., which sets up wireless communications networks in rural parts of the United States, Africa and India, is sending dozens of its small, solar-powered ...

Business

Brokerages Set Zpg Plc (ZPLA) Target Price at $387.69

Beaufort Securities cut their target price on shares of BT Group plc from GBX 440 ($5.68) to GBX 360 ($4.65) and set a buy rating for the company in a report on Wednesday, January 25th. After $0.29 actual earnings per share reported by Senior plc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The company has market cap of $5.29 million.

Business

Norway will pay their male and female football teams the same

One reason it will be good for the sport? For girls, it will make a difference. Just waiting for other sports and countries to follow! "Compared to the women, we men have been very privileged, so it wasn't a hard decision", said Stefan Johansen, the men's team captain, in a statement.

Business

One week before old pound coin loses legal tender status

Poundland has said more than 850 of its United Kingdom stores would continue accepting the round pounds until 31 October. However, it has said it would help small firms if they were allowed to collect them and bank them. If a shop gives me an old £1 coin, can I ask for a new one? The production of the new coins follows concerns about round pounds being vulnerable to sophisticated counterfeiters.

Business

Nobel Goes To American Richard Thaler For Work In Behavioral Economics

USA economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology. Prof Richard H Thaler of University of Chicago. The victor will walk away with 9-million-kronor ($1.1-million) prize. "And thanks to his contributions and discoveries, this new field has gone from being sort of a fringe and somewhat controversial part of economics to being a mainstream area of contemporary economic research", the chairman of the ...

Business

Truck operators go on 2-day strike

Truck dealers have expressed displeasure at the "contra laws" in the GST regime that has led to "coercive registration and unnecessary compliance by truckers and transporters". "We also support this", Calcutta Goods Transport Association's President Prabhat Kumar Mittal told reporters in Kolkata. Transporters also demanded the revision of diesel prices should be done on a quarterly basis.

Business

District petrol dealers to join October 13 nationwide strike

Petrol pumps across state will shut down on October 13 as the Goa Petrol Dealers Association (GPDA) has chose to support the nation-wide strike call given by All India Petroleum Dealers Association (AIPDA), Federation of All India Petroleum Traders (FAIPT) and Consortium of Indian Petroleum Dealers (CIPD) to protest against the new marketing discipline guidelines by oil companies.

Business

Lisa Bloom resigns as Harvey Weinstein's adviser

In the latest update, in a interview with the New York Post , Mr Weinstein claimed his British wife was standing by him "100 per cent" and said the New York Times had "a vendetta" against him. She also said she is glad the women came forward . "I mean, this is a pretty bad guy who did some really terrible things and, you know, if people need for that money to be returned in order to make it clear that the entities that received them want nothing to do with him and his behavior, then, ...


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