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Delta cancels 90 flights Wednesday, works toward normal operations (copy)

A power outage in Atlanta on Monday morning caused computer issues that forced Delta to ground all flights for almost six hours. "Delta experienced a computer outage that has impacted flights scheduled for this morning", said Delta, the world's second largest airline measured by revenue passenger kilometers flown.

Business

Student union proposes ways to fund education at varsity fees commission

President Jacob Zuma established the commission of inquiry into Higher Education and Training following the Fees Must Fall protests a year ago. Among them, taxing the rich and nationalising mines and banks. It must now also submit a preliminary report to the president by November. Union leaders said the commission lacked the political will to make a fee free tertiary education a reality.

Business

Crude Oil Headed Lower for the Week

EDT (1643 GMT) and USA crude rose US$1.76 to US$43.47. The IEA also said projected that global oil demand won't grow as much as it previously expected next year, citing a weaker global economy. Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate increase following weak US productivity data, which drove the dollar and Treasury yields lower.

Business

Stock To Watch: Newmont Mining Corporation (NYSE:NEM)

Equities researchers at Morgan Stanley started coverage on shares of Newmont Mining Corp. Newmont Mining Corporation holds a total Debt Equity of 0.49 * with the Long Term Debt/Equity of 0.47 *. Investors should note that on Jul 20, 2016, Newmont Mining Corp announced a cash dividend of $0.0250. The company finished it is trading at $13.61.

Business

Here's Why Investors Focus on Disney's ESPN Numbers

Disney is being careful to protect its cable and satellite deals as it launches the direct-to-consumer service. Falling subscriber base and higher programming costs of these businesses have been worrying investors for quite some time now. Iger , chairman and CEO of Disney . John Skipper, ESPN president and Disney Media Networks co-chair, said in a statement that the investment reflects the network's growing interest in reaching sports fans beyond traditional cable packages, but not ...

Business

Kane Beef recalls over 60000 pounds of ground beef

All recalled products were produced at the Kane Beef plant in Corpus Christi, TX, USDA Establishment Number #337. "Kane Beef learned of the possible presence of a foreign object from a customer who had received one consumer complaint regarding a small piece of metal in the ground beef package", the company said in a press release.

Business

Russia: Killing of our servicemen in Crimea will have consequences

Putin said it would be " pointless " to hold another round of peace talks under the so-called "Normandy Format", because Ukrainian leaders are not interested in searching for compromises. "The scenario looks very similar and very familiar". "We still hope that it will not bring the conflict to another level, but it seems that it is quite possible unfortunately".

Business

Macy's to close 100 department stores across US

That's down from $217 million, or 64 cents a share, in the year-earlier quarter. The 100 stores represent about $1 billion in annual sales, or almost 4% of Macy's total annual sales in 2015. And at one time, such a large batch of store closures might have been viewed as a retailer's concession of defeat. In late-morning trade, Macy's was up 16.1 percent at $39.48.

Business

Clinton Campaign Actively Courting Prominent Republicans And Independents

Trump's comment and the resulting backlash occurred as Reuters/Ipsos polling showed some 44 percent of 1,162 registered voters believe Trump should exit the race, and that as of Tuesday, Clinton led Trump by more than 7 percentage points, up from a 3-point lead late last week.

Business

The Census wasn't hacked, but the ABS still has a problem

On Wednesday afternoon McCormack's website appeared to have an out-of-place link on the homepage labelled "gay sex". On the morning after Australians across the nation took a few moments to fill out their Census forms, whether online or on paper form, Australian Statistician David W.

Business

Oil steadies as IEA sees balanced market ahead

The IEA's August update on the state of the oil markets showed that in 2017 that global demand will slow from the 1.4 million barrels per day previously expected to 1.2 million per day. USA oil production has dropped 12 percent to 8.445 million barrels a day from a record 9.61 million barrels a day in June a year ago, according to data from the Energy Information Administration.

Business

Valeant Pharma Q2 Loss Widens On Weak Revenues; Backs FY16 Outlook

Valeant shares have ditched 90 per cent of their value over the last 12 months following a string of profit warnings brought on by an accounting scandal delaying its accounts, and questions over pricing strategies. Valeant Pharmaceuticals Intl Inc (TSE:VRX) is scheduled to announce its earnings results on Tuesday, August 9th. That action on debt lifted shares, according to Oliver Marti, a portfolio manager at Columbus Circle Investors.

Business

Oil Prices Fall Despite Large Drawdown in Gasoline Inventories

After more than a year without setting fresh records, the US benchmark S&P 500 stock index consistently has been reaching new peaks after breaking to an all-time high a month ago. U.S. crude inventories rose 1.1 million barrels in the week ended August 5, the U.S. Energy Information Administration (EIA) reported, in a third consecutive weekly build that surprised the market.

Business

NFL Network and NFL RedZone join Sling TV

The company has added the NFL Network and NFL RedZone to its offerings; Sling Blue customers will automatically receive the NFL Network and those who want NFL RedZone can pay an extra $5 per month for the add-on "Sports Extra" package. National Football League games accounted for the top 25 and 46 of the 50 most-watched TV shows among all programming in 2015. It's a huge step forward for Sling TV in closing the National Football League gap for cord cutters.

Business

Flowers Foods lowers 2016 outlook

The stock has received "HOLD" rating after consensus analysis from analysts. KeyCorp started coverage on Flowers Foods in a report on Wednesday, May 25th. According to the SEC, on Jun 29, 2016, Karyl H Lauder (SVP & Chief Accounting Officer) sold 23,500 shares at $17.96 per share price. The shares were sold at an average price of $17.96, for a total transaction of $422,060.00.

Business

Coffee Day Enterprises posted a consolidated net profit of Rs 11.4 crore

On business from, Granules Pharmaceuticals, Inc., our U.S. based wholly owned subsidiary entered into an agreement with Uspharma to acquire 12.5 per cent of its stake. The company is working towards creating products which would be unique for the global market, he said. Granules offer all three components of the pharmaceutical value chain which gives the customers flexibility and choice.

Business

Oops. Venus & Serena Bounced in First Round of Olympics Doubles Play

Czech dynamos Lucie Safarova and Barbora Strycova played pitch flawless doubles to dispatch reigning Wimbledon winners and three-time Olympic gold medalists Venus Williams and Serena Williams, 6-3, 6-4, in the first round of the Olympic tennis event.

Business

Lloyds Banking Group PLC (LLOY) Insider Buys £150.15 in Stock

In a research report shared with investors on 11 August, JP Morgan Cazenove reconfirmed their Neutral rating on shares of LLOY. A dividend payment of $0.45625 per share is payable on August 15, 2016 to holders of record on August 1, 2016 for SHUSA's Series C Non-Cumulative Perpetual Preferred Stock (NYSE:SOVPRC).

Business

Delta expects to resume normal operations after nearly 2000 flight cancellations

Instead of being able to stay home, many passengers only learned about the flight problems when they arrived at the airport. Delta previously said it expected fewer than 100 flights to be Wednesday, but that estimate ultimately proved too conservative.

Business

What Clinton and Trump would do for parents

This is the plank of the plan that gives up the game. Trump's proposal also raises questions on how he would handle the existing tax credit for families with children, he said. Under a best-case scenario argument for cutting the US corporate income-tax rate, the USA would have to also aggressively close corporate loopholes and perhaps could settle on a revenue-neutral rate of 28 percent.

Business

Brighton Jones buys $2295062 stake in Wells Fargo & Co

The reported EPS of $-0.18 was $-0.1 away from what Wall Street analysts had expected. The stock attained the volume of 14,857,302 shares. Analyst's mean target price for Black Diamond, Inc. That puts the market capitalization at $247.69 bln. The Menlo Park California 94025 based company is now trading 73.97% above its 52 week low of $72 and -2.39% below its 52 week high of $128.33.

Business

Valeant Pharma (VRX) Posts Q2 Profit Loss, Soars on Positive Outlook

It was the proverbial straw that broke the camel's back - investors decided the company's debt-rich growth plan wasn't worth it. The company reports in US dollars. In the previous year Valeant Pharmaceuticals's stock price has increased by 0% from 0.00 to 25.23. Also, gross profit margins suffered from higher R&D expenses, which Valeant said was due to spending on the (ultimately positive) FDA advisory panel on psoriasis drug brodalumab on July 20.

Business

Trump attacca: "Obama è il fondatore dell'Isis, Hillary cofondatrice"

Si tratta del distacco più ampio, e per la prima volta a due cifre, dall'inizio di maggio. Quindi il magnate spiega che, a suo dire, Obama e Hillary hanno perseguito politiche che hanno creato un vuoto in Iraq, vuoto riempito dall'Isis.

Business

Lee Danner Bass Inc buys $4907390 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) on August 5, 2016 reported second quarter 2016 financial results that reflected significant gains from the ongoing integration of Kraft and Heinz, partially offset by currency translation and a higher tax rate versus the prior year period.

Business

Large Inflow of Money Detected in AK Steel Holding Corporation

AK Steel Holding Corporation (NYSE:AKS) mean estimate for revenue for the ongoing quarter ending Sep 16 is $1.47B by 8 analysts. On Aug 10, 2016 AK Steel (AKS ) said that members of the United Auto Workers (UAW), Local 3303, have ratified a two and a half year labor agreement covering about 1,200 hourly production and maintenance employees at the company's Butler (PA) Works.

Business

Arkansas Deputy Sheriff Dies Of Wounds Responding To Domestic Disturbance

At some point, the suspect reportedly shot and killed a Greenwood police dog. After the initial onslaught was over, Jones allegedly ran off into some woods that were nearby to escape. Hollenbeck declined any further questions and quickly left the scene to go to a hospital to visit the deputy. Grace Community Church opened their doors on Wednesday to help community members who feel lost trying to understand why this happened.

Business

Trump denies Secret Service conversation over Clinton 'Second Amendment' comments

At a rally in North Carolina on Tuesday, Mr Trump said: "Hillary wants to abolish, essentially abolish, the second amendment". Mr Trump later maintained he never advocated violence and his words were twisted for political purposes.

Business

Coca-Cola HBC upbeat on full year after first-half profit rises

LONDON, Aug 11 Britain's top share index rose on Thursday to post its sixth straight day of gains, with the market lifted to a 14-month high by energy companies and Coca Cola HBC. The company is also bringing forward some restructuring initiatives from 2017 into 2016, primarily in emerging markets like Russian Federation and Nigeria.

Business

DowDuPont's massive merger at risk over antitrust concerns

Given the scale of the two companies, the commission said it was "cooperating closely" with other competition authorities in the U.S., Brazil and Canada, which are also scrutinizing the deal. Dow Chemical and DuPont said they would work constructively with the Commission to address its concerns and that they still expected the deal to close by the end of 2016.

Business

Indian central bank chief holds rates to wrestle down inflation

RBI Deputy Governor Urjit Patel said about 55 per cent of Consumer Price Index basket will not be impacted by GST and since the cascading effect of "tax-on-tax" disappears, so the effective rate on many goods and services will come down. On the future outlook, Rajan said that he expected inflation to be at around 5% by March 2017. The much admired former International Monetary Fund chief economist is due to step down on September 4 after a three-year term to return to academia and family ...

Business

Man sues Pokémon to get trespassers off yard

And iPhone users should find it reappear as part of a new update rolling out in a few days. Some "Pokemon Go" addicts have no boundaries when it comes to chasing the digital creatures, and one man is taking legal action because of it. The reasoning behind this move was that the tracking sites were " interfering with [Niantic's] ability to maintain quality of service " to players, and it was causing issues in bringing the game to parts of the world where it is now not available.

Business

Why Kohl's Stock Is Soaring Today

Shares were Reiterated by Telsey Advisory Group on May 13, 2016 to "Outperform" and Lowered the Price Target to $ 44 from a previous price target of $55.Shares were Reiterated by RBC Capital Mkts on May 13, 2016 to "Underperform" and Lowered the Price Target to $ 37 from a previous price target of $42.Shares were Reiterated by Stifel on May 13, 2016 to "Buy" and Lowered the Price Target to $ 45 from a previous price target of $54.

Business

Volatile start for oil prices after mixed IEA report

Oil prices fell early on Thursday as a build in USA crude inventories and record Saudi Arabian production weighed on markets. "The effects of the reduction in drilling and employment in crude oil and natural gas production have been relatively modest, with production levels in May down 6% and 1%, respectively, relative to their level in May 2015", the EIA said in its report.

Business

Steel Canada rejects latest offer from Essar consortium

Another trial to re-enter the bidding process for U.S Steel Canada's operation in Ontario, Hamilton and Nanticoke was attempted by Essar. However, Ontario Steel said it's offering to assume $954 million of employer liabilities under U.S. Steel Canada as well as the local communities of Hamilton and Nanticoke. Essar's Canadian steel asset, Essar Steel Algoma, is now under a court-supervised restructuring and Essar was eliminated from the sales process in that restructuring.

Business

UK 10-year bond yields slide to fresh record low

Yields fall when bond price rise. On Wednesday that slide has continued, and around 9:30 a.m. BST (4:30 a.m. ET) yields are down to 0.532%, plumbing new depths. On Wednesday, it said the roughly GBP50 million shortfall would be made up in the second half of its six-month buying spree. It may sound like something under your kitchen sink but it's standing in the way of an economic recovery.


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