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PepsiCo sales beat estimates on higher demand for snacks, drinks

Shares of PepsiCo Inc. climbed 2.3% in premarket trade Thursday, after the beverage and snack giant reported better-than-expected fiscal third-quarter results and provided an upbeat outlook. It said its net revenue fell about 2% to $16.03 billion in the third quarter, but beat the average analyst estimate of $15.83 billion, according to Thomson Reuters I/B/E/S.

Business

Princess Kate Dazzles in Red on Royal Tour of Canada

They also unveiled a plaque for a new Edith Lando children's playground at the centre, marking its official opening. Canada may have rolled out the red carpet for Prince William and Kate Middleton - but that didn't stop the royal couple from being snubbed.

Business

House OKs plan for $170 million to fix Flint water system

Congress cleared a bill Wednesday to fund the government and the federal response to Zika, avoiding a potentially embarrassing government shutdown just weeks before the election. Democrats wanted to include the Flint aid, especially after Republicans tucked in money for flooding victims in Louisiana. Democrats have also complained about Republican unwillingness to eliminate CR language that prevents the Securities and Exchange Commission from requiring companies to report their political ...

Business

Charter Communications, Inc. (NASDAQ:CHTR) Issued With 'Buy' Rating At Pivotal Research

After the recent gain, the stock is now holding -17.96% below its 52 week high of $31.8 and 10.27% above its 12-month low of $23.66. In other Charter Communications news, EVP Jonathan Hargis sold 7,233 shares of the stock in a transaction on Thursday, August 11th.

Business

Oil prices slip as focus shifts to details of OPEC deal

Whether or not the OPEC deal sticks and whether "cheating" can be controlled, analysts said this didn't herald a return to the era when OPEC could basically control the oil market through its production levels, not least because non-OPEC countries have a bigger stake than before.

Business

Resource stocks pull TSX lower, loonie wavers

The Toronto Stock Exchange's S&P/TSX index fell 63.48 points to 14,555.98 as declines at mining and energy companies offset gains in other sectors. Its shares tumbled 5.4 percent to C$51.95. "The markets are taking a step back after a couple of pretty good days", said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

Business

Oil prices climb on OPEC deal, lack of detail caps gains

Shell climbed 6% and BP was up 5% following the decision by OPEC - with other commodity firms also performing strongly. Meanwhile, the ringgit also traded higher against other major currencies. USA bank Goldman Sachs said it expected the OPEC deal to add US$7 to US$10 to oil prices in the first half of next year. ENERGY: Benchmark U.S.

Business

Free public transport and coffee in October

The offer covers travel by bus, tube, Overground, DLR, TfL, select National Rail services, and even the Emirates cable auto nobody actually uses. Again, you'll need to pay for the drink initially and Mastercard will refund the money back. "Our fare-free days across London's transport network have been a big hit with our cardholders but we wanted to go one step further", says Mark Barnett, president of Mastercard UK and Ireland.

Business

Tie-up of world's biggest beer makers clears final hurdle

The deal is expected to boost AB InBev's prospects in developing markets in Africa and China, where a SABMiller joint venture produces Snow - the world's best selling beer by volume. To win the support of those two big shareholders, the USA tobacco giant Altria and the Santo Domingo family of Colombia, the deal was structured to give them the ability to take restricted shares, instead of cash.

Business

Trump sulks, may go back to old self after first debate performance

But Trump wasn't holding back during his hour-long speech Tuesday evening at the AeroMod International hangar at Orlando Melbourne International Airport. 'So I decided not to say it. "I think we did very well". I'm excited about where we are in this country. And she said she would work to encourage others to vote for Trump, something Trump said is important for his victory on November 8.

Business

Sarepta Therapeutics Inc 74.8% Potential Upside Now Implied by RBC Capital Mkts

The stock had previously closed at $59.10. Several brokerages recently weighed in on SRPT. Shares of Sarepta (SRPT ) were rising 5.62% to $62.42 in mid-morning trading on Wednesday as JMP Securities increased its price target to $90 from $60, maintaining an "outperform" rating due to the potential for the company's Exondys drug for Duchenne muscular dystrophy.

Business

SABMiller/ Anheuser-Busch InBev merger approved by shareholders

Global regulators have already approved the creation of the enlarged group, which will make nearly a third of the world's beer and will take the AB InBev title. But most hedge funds were unable to have their say on the deal due to how they hold SABMiller shares, with only 72 per cent of minority investors eligible to vote.

Business

Energy shares fuel world stock rally on OPEC deal; oil falls

The cartel estimates its current output at 33.24 million barrels per day. Brent crude, the global benchmark, fell 0.49 per cent to $48.45 per barrel this morning. The agreement also signals a new phase in relations between Saudi Arabia and Iran, which have clashed on oil policy since 2014 and are backing opposite sides in civil wars in Syria and Yemen.

Business

FBI Investigating Threats Over North Dakota Pipeline

The project would stretch 1,172 miles over four states once complete, transporting oil from North Dakota's Bakken formations to IL. Archambault said he hopes the United Nations will use its influence to protect the rights of the Standing Rock Sioux Tribe .

Business

Many of us could never vote for Clinton

But, part of it really might have simply been due to the fact that Clinton thought she could power through it all. Any and all of those opportunities were left in front of millions of viewers-many of whom went into the debate undecided.

Business

Oil shares lift global stocks but crude dips after OPEC boost

Oil prices, however, edged off their highs as some investors took profits on Wednesday's more than 5 percent surge, which was prompted by OPEC's first deal to limit output since 2008. U.S. crude oil stocks fell for the fourth straight week as imports dropped, while gasoline stocks increased and distillate inventories fell, the U.S.

Business

News of Opec deal sparks USA stock gains

The increase in the price of oil came as OPEC countries neared agreement on a preliminary accord to limit oil production and support oil prices, despite lingering disagreements between regional rivals Saudi Arabia and Iran. "The conference chose to establish a high level committee comprising representatives of member countries.to study and recommend the implementation of the production level of the member countries", OPEC said, giving no details beyond the target production range.

Business

Broker Roundup For Oasis Petroleum Inc. (NYSE:OAS)

The Rating was issued on Aug 1, 2016.Oasis Petroleum is Upgraded by Ladenburg Thalmann to Buy and the brokerage firm has set the Price Target at $12. Finally, Simmons started coverage on Oasis Petroleum in a research note on Friday, June 10th.

Business

Why Did CNN Make Lester Holt Invisible During Last Nights Presidential Debate?

Mr Trump, making his first run for public office, praised himself for not attacking Mrs Clinton about the marital infidelity of her husband, former President Bill Clinton, during the debate at Hofstra University. That's why she spoke at a college and not a senior center. Trump tried to sell his credo that as a successful businessman who has, by his own estimation, built a multibillion-dollar empire, he is best suited to lead the country into a new era of prosperity.

Business

Closure of help-to-buy scheme confirmed by Philip Hammond

Hammond said that Help to Buy had achieved its aims as more than 30 lenders were now lending outside the scheme. Some experts feared that this would encourage a housing bubble, where demand for housing was boosted without having enough supply.

Business

Court rules against PA medical merger

A federal appeals court ruled Tuesday that a proposed merger between Penn State Hershey (Pa.) Medical Center and Harrisburg, Pa. -based PinnacleHealth System should be halted. "We look forward to proving our case", Debbie Feinstein, the director of the FTC's Bureau of Competition said in a written statement . But in a string of recent cases in Pennsylvania, Chicago, and West Virginia, its analysis had been rejected.

Business

BP, Total, Shell Soar While Analysts Remain Cautious After OPEC Deal

The agreement by the Organization of Petroleum Exporting Countries bolstered developing-nation stocks as demand for higher-yielding assets increased. The deal struck in Algiers is only preliminary, and uncertainty remains over whether it will be ratified at OPEC's next formal meeting in November, according to analysts at Goldman Sachs.

Business

Strs Ohio Sells 5603 Shares of Cognizant Technology Solutions Corp. (CTSH)

Cognizant Technology Solutions Corporation (NASDAQ: CTSH): The stock opened at $54.49 and touched an intraday high of $54.96 on Wednesday. The ROA for Cognizant Technology Solutions Corporation tells us exactly what earnings were generated from the invested capital.

Business

Wells Fargo Makes CEO Forfeit $41 Million

Timeline of the Wells Fargo accounts scandal In addition to the sanctions, which start immediately, the state treasurer is also calling on the bank's CEO to resign. He's now set to forfeit some $41 million from his pay, as the fallout continues after the bank set up hundreds of unauthorized accounts without customers' permission, fees and all.

Business

Future of Pacific NorthWest LNG uncertain

Environment and Climate Change Minister Catherine McKenna announces approval of the Pacific Northwest LNG project next to B.C. Premier Christy Clark on Tues. In addition to its deal with the Kitselas nation, Pacific Northwest has signed accords with three of the other four First Nations it was required to consult on the LNG terminal: the Metlakatla, Kitsumkalum and Gitxaala nations.

Business

Shareholders approve sale of Westar Energy to Great Plains

The company's 50-day moving average is $27.60 and its 200-day moving average is $29.89. Great Plains Energy Inc (NYSE:GXP) reported sales (ttm) of 2.59 Billion, whereas, 5 number of analysts estimated the mean sale of 803.4 million. For the past 5 years, the company's revenue has grown -6.1%, while the company's earnings per share has grown -18%. On average, analysts anticipate that Great Plains Energy will post $1.74 EPS for the current year.

Business

I Tried to Save Miss Universe's Job - This Is Thanks I Get

Alicia Machado , who was crowned Miss Universe in 1996, says Trump called her "Miss Piggy" and "Miss Housekeeping", and that his insults resulted in her developiong an eating disorder. Mrs Clinton paused. "Donald, she has a name: Her name is Alicia Machado ". Ironically, she will become an American citizen right before the election.

Business

OPEC to cut output by 750000 barrels per day

Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia answers questions as part of the 15th International Energy Forum Ministerial meeting in Algiers , Algeria , Tuesday, Sept. In any case, for now, all seems well with oil and its price jumped to as high as 47.7 and it sits at 47.37 as we write this. The kingdom had insisted that it would cut output only if other producers followed suit.

Business

Wells Fargo bank under fire for scamming customers since 2011

Wells Fargo has announced it would claw back compensation valued at US$ 41 million (S$56 million) from its embattled chairman and chief executive John Stumpf as the financial consequences of the scandal over illegally created sham accounts at the company reached the executive suite.

Business

California Suspends Some Financial Relationships With Wells Fargo

Lawmakers scolded Stumpf last week for the bank-account scheme and demanded accountability. Sen. Tolsdtedt had been set to retire at the end of the year, but she has left the company and will get no severance or bonus. "We still don't know how many customers were harmed and how long this fraud continued", Brown said in a statement . Wells Fargo revealed it has fired 5,300 employees who were found to have defrauded customers, but that no senior executives had been fired.

Business

Probe of jetty sought as service set for Marlins' Fernandez

Bernal posted the messages on social media. "It's our job to make his life matter, so we're going to do that forever, and forever starts today", Marlins president David Samson said Monday. The Miami-Dade County medical examiner has not yet released toxicology results that might determine if Fernandez or the other two victims were under the influence of alcohol or drugs.

Business

Wells Fargo CEO to face lawmakers with better defense

The treasurer said his office, which oversees a $75 billion investment fund, will not buy additional Wells Fargo stock and won't use the bank as a broker for investment purchases. Warren accused Stumpf of " gutless leadership " and described his actions as throwing over 5,000 Wells Fargo employees, many of whom made around $12 an hour, under the bus.

Business

Probe sought of jetty where pitcher boat crashed

A funeral procession that began at Marlins Park departed the stadium at 2:16 p.m. and will head to two Miami churches for a prayer service and a public viewing. You need the representation of everybody else out there. "The number one thought on everyone's mind is his family, his mom and his grandma", Samson said.

Business

Carnival Corporation indicated as Hold By Deutsche Bank

Berenberg Bank noted a target price of 4200 on Carnival PLC's shares. The mean price target is calculated keeping in view the consensus of 7 brokerage firms. The ex-dividend date was Wednesday, August 24th. Carnival Corp.'s dividend payout ratio is presently 42.94%. MA increased its stake in shares of Carnival Corp.by 85.6% in the second quarter.

Business

Commerzbank plans to cut 9600 jobs

Under his predecessor Martin Blessing, the bank eliminated 5,200 jobs to counter volatile markets and record-low interest rates as regulators demanded lenders hold higher capital buffers against risky activities. Commerzbank reported a profit of 1.06 billion euros in 2015, and paid its first dividend since the 2008 financial crisis at 20 cents per share. Shares were down 0.32 percent to 5.97 in midday trading in Frankfurt.


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