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Business

USA oil prices little changed, near 4-month peak

Analysts worry that if crude prices maintain their recent upward momentum, production of United States shale oil, crimped this year by prices as low as almost $26 a barrel, will begin to increase again. Oil has rallied more than 13 percent in less than two weeks since OPEC proposed its first production curbs in eight years. On Tuesday the International Energy Agency (IEA) said OPEC raised its production by 160,000 barrels per day in September to a record 33.64 million.

Business

Cypress Semiconductor Corporation (NASDAQ:CY) EPS Forecast At $0.06

It offers three types of semiconductor devices, including Programmable Logic Device (PLDs), Video Connectivity application specific standard products (ASSPs), and millimeterWave devices. Geode Capital Management LLC now owns 2,652,199 shares of the company's stock worth $25,433,000 after buying an additional 139,951 shares during the last quarter.

Business

Clinton proposes closing real estate loophole, not Trump

As a "down payment on further relief for middle-class families", US Democratic presidential candidate Hillary Clinton has proposed measures to reduce the tax burden on families, with a doubling and expansion of the child tax credit (CTC).

Business

Broker Roundup For Investors Real Estate Trust (NYSE:IRET)

Washington Real Estate Investment Trust was downgraded to "neutral" by analysts at Robert W. Baird. Receive Washington Real Estate Investment Trust News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Real Estate Investment Trust with MarketBeat.com's FREE daily email newsletter.

Business

Wells Fargo CEO John Stumpf steps down amid sales scandal

The bank also named Codel to its "operating committee", a group of Wells Fargo's top executives that reports directly to the bank's CEO. The bank is splitting the role of chairman and CEO with Stephen Sanger , its lead director, becoming chairman.

Business

Cholera rises in southern Haiti in wake of Hurricane Matthew

Those who survived the storm still faced great challenges, including going days without food. "There has been some new cases reported since the storm, and there is grave concern that this will increase". Honoré went on to highlight that not only did Hurricane Matthew bring destruction to Haiti , it has also affected the country's political outlook, rendering impossible the holding of the presidential elections on October 9 repeated from past year, as well as the partial senatorial elections ...

Business

UK lawmakers press government for vote on Brexit-EU talks

But she added: "I'm also very clear that the vote of the British people said that we should control the movement of people from the European Union into the United Kingdom, and unlike the right honourable gentleman [Corbyn] we believe we should deliver on what the British people want".

Business

It's global: Samsung Galaxy Note 7 sales and exchanges stop worldwide

This debacle is obviously going to cost Samsung . Samsung's initial recall had a rocky start. None were able to get a phone to explode. Samsung, which announced a recall of the Note 7 devices in September, chose to continue shipping new Galaxy Note 7s containing batteries from a different supplier.

Business

Chicago ends business with Wells Fargo as scandal fallout grows

Fitch Ratings cut the outlook to "negative" for Wells Fargo & Co's credit ratings on Tuesday, citing troubles the bank is facing from opening unauthorized customer accounts. IL is not the first state to sever some ties with the embattled bank. Wells Fargo came under scrutiny from U.S. regulators and lawmakers last month when it announced a $185m settlement for opening more than 2m accounts without customers' permission from 2011 to 2016.

Business

Android 7.0 Nougat update for Sony smartphones

Now, Google has taken the wraps off for real, and if you're in the Android Beta program you'll get it this month. It's highly unlikely that those running on older hardware will support the feature, which needs modern chipsets and sensors to work effectively.

Business

Warren Buffett Sets The Record Straight On Trump's Tax Comments

And on Sunday, he added that many of Democratic nominee Hillary ClintonHillary Rodham ClintonEx-Blink 182 singer emailed Clinton camp on UFOs Clinton's OH rally sets attendance record Report: Univision chief urged Clinton camp to hit Trump, hacked emails show MORE's donors also took "massive tax write offs".

Business

Donald Trump lauds release from 'shackles' as Republicans abandon him

Democrats believe the recent controversies surrounding Trump, combined with Democratic presidential candidate Hillary Clinton's strength in NY, could help them retake the Senate. "They want a lot of things that everybody else wants, and Hillary Clinton can't do it". Tuesday morning, though, Trump aimed most of his fire at his own party.

Business

UK could still find itself making payments to EU even after Brexit

According to The Times , the document contains a warning for Cabinet ministers that leaving the single market and switching to World Trade Organisation rules would cause GDP to fall anywhere between 5.4% and 9.5% within 15 years. A number of Tory MPs - including some backers of the Leave campaign - are deeply concerned about Theresa May's announcement that Article 50 will be triggered by the end of March and, in particular, the clear signal that Britain is leaving the single market.

Business

Oil declines but holds near June highs amid improved sentiment

The prices rose as a result of a report released by the American Petroleum Institute (API), which showed that crude stocks in the USA likely fell by 7.6 million barrels. "That with OPEC at least starting to talk about cooperating is making it hard to be short". He told local media that in the case of need OPEC could cut production at its late November meeting in Vienna by another one percent more than 700,000 bpd agreed in Algieria, mentioning that the deal to cut output would be in force for ...

Business

Wells Fargo Scandal Might be Deplorable, but It's Not Debilitating

The Democratic presidential nominee condemned Wells Fargo on Monday for "bullying thousands of employees into committing fraud against unsuspecting customers". "We are not going to let corporations like Wells Fargo use these fine-print gotchas to escape accountability", Clinton said . The office conducts about $1 trillion in investment transactions annually of which Wells Fargo has handled roughly $30 billion.

Business

1 missing after boat capsizes in Fire Island Inlet

The U.S. Coast Guard searched Wednesday for three boaters near Santa Cruz Island, authorities said. A Coast Guard boat crew plucked one man from the water, while a recreational boater rescued the second, officials said. Meanwhile, Coast Guard Air Station New Orleans mobilized an MH-65 Dolphin helicopter, which was joined by a similar aircraft from the Coast Guard's Aviation Training Center in Mobile.

Business

'Connecting with Nature' for Mental Health Awarness Week

The Comment box is at the bottom of the page. Monday is World Mental Health Day and more than 150 events and activities will be held during the week , with the theme of how connecting with nature benefits health and wellbeing. "I want my people to stop viewing mental illness and treatment as "White people shit". Nevertheless, this terrible fact shows how much still needs to be done - from improvements in mental health care provision on the NHS through to people having more open ...

Business

Deutsche Bank Shares Rise On Asset Sale, Capital Injection Reports

As Deutsche Bank continues to battle a potential $14 billion fine for mortgage bond mis-selling, it is now aiming to raise €5 billion to reinforce its balance sheet. "They are too much focused on legal issues, the whole bank is ruled by lawyers at the moment". The German bank's USA -listed shares jumped 3.1 percent on the Spiegel report but retreated from session highs following the Reuters sources report and traded 1.1 percent higher by 1648 GMT (1248 EDT).

Business

LPL sinks 5% despite possible takeout analysts say loaded with "baggage"

LPL Financial Holdings has been the topic of 24 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Finally to see some strong financial remarks by WSJ over LPLA performance. Over the past five quarters, revenue at LPL Financial has remained essentially flat at around $1.02 billion to $1.09 billion. " LPL Financial Holdings Inc ., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts".

Business

Founders Financial Securities Lowers stake in U.S. Bancorp (USB)

Bancorp giving the company a "buy" rating. Finally, Oppenheimer Holdings Inc. reiterated a "hold" rating on shares of U.S. Bancorp in a report on Saturday, September 17th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Shares for $104,675 were sold by Gifford Craig E .

Business

Guyana orders halt to sale of Samsung phone

Samsung Electronics Co Ltd 005930.KS said it was sending fireproof packaging and gloves to customers who bought the Galaxy Note 7 phone on its website, so they could safely return the devices after a recall and reports that some replacement phones went up in flames.

Business

Does Trump's 'locker room banter' describe sexual assault?

I apologize to my family. Because he has also targeted immigrants, African Americans, Latinos, people with disabilities, Muslims, and others. "I don't think you understood what was - this was locker room talk". "I just couldn't believe it", she said. I hate it. But it's locker room talk, and it's one of those things. ISIS happened a number of years ago in a vacuum that was left because of bad judgment.

Business

CSX takes revenue, freight volume hit, but beats expectations

The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell. Bank of America Corp. restated a "buy" rating and set a $32.00 price target on shares of CSX Corp.in a research report on Monday, September 12th. The ex-dividend date of this dividend is Monday, November 28th. The shares were sold at an average price of $29.44, for a total value of $510,254.08.

Business

Google to Open Pop-Up Store in NYC for Pixel Launch

But now India Today Tech can confirm that Pixel and Pixel XL will be different when it comes to updates compared to other Android phones. One, you can buy the new phone from Google store, in that case Alphabet Inc (GOOG) will handle the android updates as it did in the past with Nexus line.

Business

South African finance minister issued with summons, rand plunges

Yacoob says this same practice happens all the time in the corporate sector and does not warrant being called fraud. The currency fell more than 4 percent on Tuesday on news Gordhan had been summoned to court. Abrahams said there was no political motive to the case. It is believed that the actions are a thinly veiled attempt by President Jacob Zuma and his supporters to oust Gordhan.

Business

Police issue warning as 'killer clown' craze grips uk

Some institutions have chosen to not address the reports publicly, other than to send police to investigate the claims. The fear of such incidents is deeply upsetting children in Cumbria and causing them a great deal of distress. where people dressed up as clowns have been jumping out from behind bushes, chasing people and, in more sinister cases, have been approaching schoolchildren.

Business

Texas attorney general's appeal rejected, trial likely

Without comment, the court announced it would not consider the appeal. Paxton was still a state senator when the charges were initially filed and when he admitted to the State Securities Board that he did in fact shirk the legal requirement to register as an investment adviser.

Business

Hedge fund Elliott confident in Samsung 'world-class brand'

As the world's top-selling smartphone company awaits results of probe by US safety regulators, some investors and analysts predict Samsung may scrap the Note 7 and move on to successor models to limit the financial and reputational damage. "If it releases the next phone, it has to use the technologies in the Note 7 ". Branding on windows of Samsung's flagship Sydney store on George St still advertises the now recalled Note7.

Business

Tesco stocks of brands including Flora running low amid Unilever price row

Sainsbury's and Ocado both list Unilever items. ITV News has learned that Tesco is not the only major retailer to have been approached by Unilever with demands for a 10 per cent price rise. With the pound historically weak, multi-national companies that are supplying United Kingdom retailers are seeking to bump up their prices. "They want to keep prices as low as they can to increase their affordability against the competition".

Business

Plains All American Pipeline, L (PAA) Ownership Decreased by E&g Advisors, Lp

In addition to Deutsche Bank AG reporting its stock price target, a total of 21 brokerages have issued a research note on the stock. Citigroup Inc. reaffirmed a "buy" rating and set a $33.50 price objective (up from $30.50) on shares of Plains All American Pipeline L.P.in a research report on Tuesday, August 16th.

Business

Broker Roundup For Rice Energy Inc (NYSE:RICE)

Several research analysts recently commented on CHK shares. The stock price target chart showed average price target of 3.38 as compared to current price of 2.91. Analysts mean recommendation for CHK is 3.20. During last 5 trades the stock sticks nearly -0.12%. The shares were acquired at an average price of $5.59 per share, for a total transaction of $279,500.00.

Business

Wilsey Asset Management Inc Lowers stake in General Motors Company (GM)

Analysts give RF a mean recommendation of 2.40. Deutsche Bank AG restated a "hold" rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, August 17th. Ford Motor Company makes up approx 0.27% of Chevy Chase Trust Holdings's portfolio.Washington Trust Bank boosted its stake in F in the latest quarter, The investment management firm added 640 additional shares and now holds a total of 21,301 shares of Ford Motor Company which is valued at $265,836.

Business

Huskies Take Ducks To School

McCaffrey came back to the sideline and had his helmet on, but didn't re-enter the game. The Huskies finished with their highest point total since 1944 and rolled up 682 yards of total offense. Washington 70, OR 21 sent a very loud message in a very quiet stadium. UW's sophomore quarterback ran for two more scores, including UW's first, a 1-yard run in the game's first two minutes accompanied by an unsportsmanlike conduct penalty.

Business

Mix Cap Volatile Mover: Verizon Communications (NYSE:VZ), Baker Hughes (NYSE:BHI)

Baker Hughes Incorporated P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0. The company has 1 year Price Target of $52.94. The company has a market cap of $22.47B.Due to negative move, the stock's recent closing price is lower than its previous close of $53.35.

Business

Noteworthy Buzzer: Zoetis Inc. (NYSE:ZTS)

Financial Times reported that The 12 analysts offering 12 month price targets for Centurylink Inc have a median target of 29.50, with a high estimate of 42.00 and a low estimate of 24.00. The ex-dividend date is Tuesday, November 1st. Zoetis's dividend payout ratio is now 29.69%. Now the stock has been rated as "Buy" from 10 Analysts. The shares were sold at an average price of $51.25, for a total value of $710,837.50.


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