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Business

SeaWorld says it will stop paying shareholders a dividend

In a statement yesterday, SeaWorld Entertainment Inc said its dividend payout was plunging in depth to 10 cents per share, down from 21 cents per share previously. Earlier this year, the Orlando, Florida, company said it won't breed killer whales and would stop using them in shows. This marks yet another shift for the troubled entertainment company that has been plagued by backlash stemming from the 2013 documentary Blackfish that detailed the firm's treatment of its signature orcas.

Business

Actor James Woods boycotting the National Football League over Colin Kaepernick controversy

National Football League commissioner Roger Goodell has said he supports players' right to protest. But she said his protest was a fair exercise of freedom of speech. While we have not seen this type of protest on the college level, there have been a couple of high school students in OH and MA that protested during the Anthem by taking a knee.

Business

Oops: Over 800 Immigrants From Countries Of National Security Concern Granted Citizenship

The Department of Homeland Security's immigration system's transition from a paper system to online databases has caused more than 800 immigrants to be mistakenly granted citizenship . The report also recommends a plan be made for reviewing every one of the 858 cases of mistaken citizenship to determine whether the person was, in fact, eligible for citizenship.

Business

Euro rises as European Central Bank leaves policy unchanged

Private equity firm TPG will invest $1.1 billion in the new company and own a majority stake. Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7 percent from Thursday's close but still up nearly 6 percent so far this week.

Business

December Fed rate hike probability 70 percent, say economists

Reports Thursday showed USA industrial production contracted more than forecast , while retail sales unexpectedly slid, sending the odds for a rate increase from the Federal Reserve next week to less than 20 percent. The yen was also at a disadvantage against the dollar, which has gained on expectations of hawkish comments coming from the U.S. Fed next week, according to Roy Teo, a senior forex strategist at ABN Amro.

Business

Japan's central bank keeps negative interest rate unchanged

Asian shares meandered Wednesday as markets awaited the outcomes of monetary policy meetings in the USA and Japan. At the conclusion of its two-day meeting, the BOJ is expected to say it will make negative interest rates the centerpiece of a new policy framework.

Business

BOJ changes policy framework, adding 10-year rate target

Japan's auto exports fell 9.4 percent while exports of machinery, chemicals and electronic devices also dropped. But imports also weakened, with purchases of oil, gas and other fuels falling almost 35 percent. Many, but not all, thought that the BOJ would expand its record asset purchases or push interest rates further into negative territory. Markets now see a possibility of a December rise - following the country's presidential election - a move that would also give the rate-setting ...

Business

Official bares details of USA media treatment in G20 summit

It got off to a rocky start Saturday when there was no staircase at the airport for Obama's plane. The president used an alternative exit, but quarrels with Chinese officials broke out on the tarmac and at other venues over access by USA officials and the traveling press.

Business

Range Resources Corporation indicated as Equal-weight By Morgan Stanley

For the past 5 years, the company's revenue has grown -27.5%, while the company's earnings per share has grown 0.9%. Jefferies Group's price target would indicate a potential upside of 12.01% from the stock's current price. In related news, Director Anthony V. Dub sold 5,106 shares of the business's stock in a transaction dated Tuesday, June 21st. These ratios are important while doing valuation of the company or the shares of the company.

Business

Syria's truce is not dead, say US and Russia

Whether the 135 heads of state and government and more than 50 ministers are able to make any progress before the high-level meeting of the General Assembly ends on September 26 remains to be seen. The Syrian Coalition, the principal opposition, blames "Russian and the Assad regime's jet fighters' and said it holds "Russia fully and directly responsible for this heinous crime".

Business

Eden Hazard relishing playing under Chelsea boss Antonio Conte

Glenn is ESPN FC's Liverpool correspondent. "The beginning was brilliant, " Klopp said. However, this time there was to be no late equaliser, with Liverpool seeing out the win to join Chelsea on 10 points from five league games. Chelsea , who were denied three straight home league wins for the first time since May 2015, did not dominate matters by an overwhelming majority by any means, yet they enjoyed an advantage in numerous key indicators.The Blues enjoyed the edge in possession, ...

Business

A New 'Investment Approach' To Breaking The Welfare Cycle

While the Turnbull government's approach has been compared to reforms made in New Zealand, the minister said he was not pursuing short-term savings, and any financial benefits to the taxpayer would be "in the very long run". The report shows nearly 30 per cent of students who have received study payments will draw on the system at some point over the next 60 years. For young carers, nearly half of the 11,000 on benefits are predicted to remain so over the next 70 years, costing $5.2 billion.

Business

Whales & Deep Sea Fish Protected in Obama's Atlantic Ocean Marine Preserve

It's similar in goal - if not in size - to the Papahānaumokuākea Marine National Monument off the coast of Hawaii, which was first created by President Bush and then expanded last month by President Obama. The White House says it designed the new designation to "recognize the unique role that fishing plays in the region's economy and culture". Despite the positive intentions, several New England fisherman are pretty upset about the new designation.

Business

Bandh on Cauvery row cripples life

Opposition parties have also extended support to the state-wide shutdown condemning the violence against Tamils in neighbouring Karnataka . Bengaluru police commissioner N S Megharikh has in a message to the public warned that people spreading provocative messages on social media would be tracked down and acted against as per law.

Business

Curfew Imposed in Parts of Bangalore Ease Violence

Mr Siddaramaiah said he would meet Mr Modi tomorrow and seek hisintervention to convene a meeting of the riparian states and resolvethe impasse. Bengaluru , After violent protests against release of Cauvery water to Tamil Nadu, Bengaluru is limping back to normalcy.

Business

Stocks, dollar edge up; focus turns to Fed, BOJ

It was up 0.3 percent but the oil and gas sector slipped 0.7 percent. "To a large extent I think the market is just paring back its expectations", said Richard Cochinos, head of European G10 FX strategy at Citigroup in London. Tobira Therapeutics' TBRA.O stock vaulted 700 percent after Allergan agreed to buy the company, to gain in access to its experimental drugs for NASH, an incurable fatty liver disease.

Business

Machinery makers lead U.S. stocks higher in early trading

Investor expectations are low that the Fed will raise USA short-term interest rates. OCBC Bank, on the other hand, pared one cent or 0.1 per cent to $8.60. Its stock added $1.86, or 2.7 percent, to $70.20 and Starwood rose $2.02, or 2.7 percent, to $77.11. Shares of Gilead Sciences, which is also developing drugs for NASH, rose 3.5 percent and gave the biggest boost to the S&P and the Nasdaq.

Business

Next week's BoJ board meeting seen as decisive for global bond markets

Tokyo's Nikkei index sank 1.3 percent after financial equities were hit by reports saying that the Bank of Japan will discuss pushing interest rates deeper into negative territory when it meets next week. The Financial Times last week said an interest rate hike would be "the biggest shock to the markets since" Janet Yellen become chairman of the bank two and a half years ago.

Business

Oil prices rise on reported United States crude stock draw, firm Japan imports

Venezuela President Nicholas Maduro reportedly said the Organization of Petroleum Exporting Countries and Moscow are now working on a deal to limit oil production. Oil prices fell on September 20 amid an expected increase in US crude oil stocks and comments of Venezuela that the oil market remains oversupplied by 10 percent.

Business

MPC announces policy rate today

This means that banks must now offer loans at a maximum interest rate of 14 per cent. The central bank said it will continue to purchase assets like government bonds at a rate of about 80 trillion yen ($787 billion) a year, seeking to achieve the 2 percent inflation target that they say could help spur sustained growth.

Business

Elizabeth Warren Calls for Wells Fargo CEO to Resign

Jon Tester told Stumpf. "I don't think Wells Fargo did a really good job in prepping for it or did a good job in defending themselves at all", he said. In July, Wells Fargo's top consumer banking executive Carrie Tolstedt left the bank with 124.6 million in stock and options, to the outrage of many.

Business

OPEC members may hold extraordinary meeting on consensus at Algiers

Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilise the oil markets at the Algiers meeting of OPEC and non-OPEC producers on September 26-28. Several producers have called for an output freeze to rein in a supply glut that triggered a price collapse in the last two years, hitting their income.

Business

Reliable stocks in today's share market: General Dynamics Corporation (NYSE:GD)

The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.00. Several other equities research analysts have also recently issued reports on TECD. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88. (NASDAQ:TECD) traded up 0.33% on Tuesday, reaching $85.08. Zacks Investment Research cut shares of Tech Data Corp.

Business

One of five devices found in N.J. city explodes, mayor says

Elizabeth Mayor Christian Bollwage says county authorities told him that the officers shot in Linden are expected to be OK. Authorities early on Monday were seeking to remove the other devices found in the backpack, Bollwage said. The second device did not detonate and was able to be taken away for examination by the bomb squad. It was one of five potential explosive devices that tumbled out of the backpack when it was emptied.

Business

Philadelphia continue unbeaten start with win in Chicago

He stood in there and made some nice, tough throws. He puts it in perspective and he understands the really important things in life and football is just a part of life. Bears quarterback Jay Cutler is out indefinitely with a sprain to his right thumb, coach John Fox said on Tuesday. The Bears dropped to 1-8 at home under Fox and everyone is wondering who scheduled them for back-to-back national TV games.

Business

EY counts cost of audit partners' too close friendships

EY partner Michael Kamienski who supervised Pamela Hartford on the audit, became aware that she might be in an improper relationship with financial executive Robert Brehl, yet he failed to make enquiries or raise concerns with EY's U.S. They and Hartford's supervisor Michael Kamienski, who knew of the relationship but didn't perform an inquiry, have all lost their jobs. The settlement marked the first enforcement actions for auditor independence failures due to close personal relationships ...

Business

JPMorgan names Warren Buffett investment lieutenant to board

One of Berkshire Hathaway's investment managers is joining the board of JPMorgan Chase . Berkshire Hathaway holds major investments in US Bancorp and Goldman Sachs Group Inc. Other equities research analysts have also issued reports about the company. JPMorgan is the largest bank in United States by assets and the bank has just appointed its youngest director on its board where most of the members are older than 60.

Business

United Kingdom guilty of 'China-phobia' over Hinkley

The firm will need to get the reactor design and technology approved for use in the United Kingdom before building the station, with one third funding from EDF. Mrs May, who became Prime Minister after the Brexit vote, stunned investors by putting the nuclear project on hold in July - just hours before a contract was due to be signed - saying that she needed time to assess all aspects of the project, including national security concerns .

Business

MPC Leaves All Rates Unchanged

Emifiele said the committee acknowledged the weak macroeconomic performance and the challenges confronting the economy. Saunders - who as a Citi economist thought it more likely that the BoE would raise interest rates after a vote to leave the European Union - said his views about the impact of Brexit had changed in recent months, describing the fallout as "modest" in the medium term.

Business

Stock within Insider Trading Radar: Symantec Corporation (NASDAQ:SYMC)

The shares were sold at an average price of $24.88, for a total transaction of $384,993.12. Guggenheim initiated coverage on shares of Symantec Corp .in a research report on Wednesday. The forecast of 19 polled investment analysts covering the stock advises investors to Buy stake in the company. During last 5 trades the stock sticks nearly 2.94%.

Business

Julian Edelman downfield blocking key to New England Patriots offense

Brissett, a third-round draft pick, threw his first nine National Football League passes in Sunday's game and seems likely to get his first National Football League start on Thursday when the team hosts the Houston Texans . New England Patriots quarterback Jimmy Garappolo got knocked out of Sunday's game against the Miami Dolphins with a shoulder injury. Belichick was then asked about having to make a decision on the health of a player and the need to bring in another quarterback? Not ...

Business

Microsoft sets $40B stock buyback, raises dividend

Microsoft, founded by Bill Gates in 1975, did not pay a dividend to shareholders until 2003 , but has since become one of the biggest sources of income among U.S. The dividend increase is 8%. This year's increase raises Microsoft's dividend yield to 2.7% from 2.3%. Strength in Microsoft's cloud business helped the company beat sales and profit expectations in its fiscal fourth quarter, which ended June 30, although revenue fell 7% to $20.61 billion.

Business

73% of voters 'likely' to watch first Hillary Clinton-Donald Trump debate

The first presidential debate between Hillary Clinton and Donald Trump takes place this Monday, and it's predicted to pull in absurd ratings for NBC. Two 15-minute segments will focus on each of the topics. He said he didn't mind the moderator for the third and final debate, Fox's Chris Wallace, "as long as he's fair". When asked about the debates, Clinton has tried to laud Trump's debating skill while admitting that it is for her to have a strong showing at Hofstra.

Business

How many games will the Warriors win?

Those ripple effects are starting to be felt, particularly in Vegas where the odds-makers are tasked each year with projecting win totals for professional sports teams in the coming season. "It's really an outlier for the Warriors to be as separated as they are", Sherman said. After going 10-72 last season, the Philadelphia 76ers ' win total opened at 27.

Business

Wells Fargo's corrupt sales division: too big to manage?

Warren, who was among a group of Democrats on the committee to request this hearing last week, criticized Stumpf for throwing low-level employees under the bus while reaping enormous financial rewards during his time as CEO. Warren also asked Stumpf whether he knows how much money he had earned as the result of the increased value of the 6.75 million shares of stock he owned in the bank "while this scam was going on".


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