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Business

Hershey's CEO John Bilbrey plans to retire next year

The site was Milton Hershey's original chocolate factory. Bilbrey joined Hershey in 2003, following senior leadership positions at Mission Foods, Danone Waters of North America and Procter & Gamble. The committee will review internal and external candidates. On Friday, shortly before noon, the Hershey stock was trading higher at $96.23, up 61 cents.

Business

Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Rating At 1.86

Sirius XM Holdings Inc. got Initiated on 12-Jul-16 where investment firm Telsey Advisory Group Initiated the stock to Market Perform. Number of analysts are eying on this stock, and after detailed observation they have given the stock mean target price of $33.00 while their mean recommendation is 2.90 (1=Buy, 5=sell).

Business

Dollar near 7-month high on reinforced US rate hike prospects

The Canadian dollar was last trading at C$1.3266 to the greenback, or 75.42 US cents, weaker than Tuesday's close of C$1.3241, or 75.52 USA cents. As for the Fed, several voting members of the policy committee said a rate hike would be needed " relatively soon ", according to the minutes.

Business

Deutsche Bank is considering tapping up investors for about €5 billion

A senior International Monetary Fund official said Wednesday that Germany's troubled Deutsche Bank should act to reassure markets that its business model is viable, and warned about broader weakness in European banks. Many banks have been fined over their activities in the USA mortgage market in the run-up to the financial crisis of 2007. Deutsche Bank , whose shares were 1.2 percent higher at 0930 GMT, declined to comment.

Business

China to sign $24 billion in loans to Bangladesh before Brics summit

Xi, the first Chinese president to visit Bangladesh in 30 years, was received by Bangladesh President Abdul Hamid at Dhaka's airport in the morning. "They are not just focused on economic development, but also they strengthen relations, diplomatic ties, the geo-political aspects and culture of the two countries".

Business

Oil Surges To One-Year High As Putin Backs OPEC Deal

December Brent crude oil futures LCOc1 were down 42 cents at $52.72 a barrel by 1100 GMT, below Monday's one-year high at $53.73, but off an intraday low at $52.51, while USA futures CLc1 were down 43 cents at $50.92 a barrel. The International Energy Agency is urging OPEC countries to swiftly deliver on promised production cuts if they want to see a sustained increase in oil prices that will also help shore up their economies.

Business

Inflation will rise says Bank of England Governor Mark Carney

On sterling's fall since the start of the month, the central bank governor said "we are not indifferent to it, it matters to the conduct of monetary policy". But since those signals from the Bank, the pound has extended its slump which is likely to further push up the price of imports and Britain's inflation rate.

Business

Kirby Tug Leaking Fuel After Running Aground in British Columbia [Incident Photos]

Stewart , and the empty fuel barge DBL 55 that it was pushing, ran aground on Edge Reef , in Seaforth Channel near Athlone Island", said the statement. She said the spill threatens an area where 25 important species are harvested, including manila clam beds that provide an income to the community of approximately $150,000 per year.

Business

Stocks Shaken by China Report, But Recover From Early Plunge

USA stocks also opened lower on Thursday, amid broad losses across sectors. Mining and chemicals companies and banks are taking some of the largest losses. Bank of America fell 20 cents, or 1.2 percent, to $15.83 and Bank of New York Mellon skidded $1.03, or 2.6 percent, to $39.09. UK's benchmark FTSE 100 closed down by 0.6 percent, the pan-European FTSEurofirst 300 ended the day down by 0.93 percent, Germany's Dax ended down by 1.1 percent, France's CAC finished the day down by 1.1 ...

Business

Singapore's economy put in a bad performance last quarter

Singapore's central bank on Friday held policy steady despite a surprisingly sharp economic contraction in the third quarter, but analysts say the weak inflation and growth outlook will likely force policymakers to ease further. Asian central banks from Japan to India are easing policy to support their economies, while bracing for higher interest rates by the U.S. Federal Reserve.

Business

Wells Fargo's new CEO faces immediate test

Wells Fargo has fired 5,300 employees for taking part in the improper practice. The craven greed found at Wells Fargo is not an isolated case but is only indicative of a growing breakdown of integrity in the culture of our financial institutions.

Business

U.S. stocks slide after Fed minutes

Harker said he had been in favor of a rate increase at the Fed's September policy meeting and he insisted politics never play a role in the Fed's internal debate. And inflation remains stubbornly below the Fed's annual 2% target, though a core measure that excludes volatile food and energy items edged closer in August, reaching 1.7%.

Business

Quarterly Financial Watch for Pfizer, Inc. (NYSE:PFE)

The Company now has Insider ownership of 0.04 Percent and Institutional Ownership of 71.8 Percent. First Manhattan Co. raised its stake in shares of Pfizer by 127.5% in the first quarter. Revenues hit $13.15B in the June 2016 quarter, which was above the analysts' $13.01B projection. "After accounting for Pfizer's recent decision to dispose off its infusion business acquired with Hospira a year ago and other business trends, the Jefferies analysts lowered their revenue and EPS ...

Business

Russian Federation partly lifts ban on Turkey

The two countries also agreed to speed up work on the Akkuyu nuclear energy plant in southern Turkey. Putin added that he and Erdogan had "a common position that everything must be done to deliver humanitarian aid to Aleppo" but ensuring the safety of aid delivery remained an issue.

Business

US stocks slip on China concerns; investors seek safety

Industrial climbed by 0.66 percent and Holding Firms by 0.65 percent. Spot gold was down 0.4 percent at $1,253 an ounce by 1024 GMT. The greenback gained momentum in mid morning trade in Tokyo , as fears about China's slowdown eased a bit following a jump in the gauge of prices for factory output.

Business

Rating Sentiment Alert: Were Analysts Bearish Monitise Plc (LON:MONI) This Week?

Over the last twelve months shares in Coats Group Plc have increased by 23.73% from 30 to 37.12. A number of other brokerages have also recently issued reports on ARW. Stockholders of record on Thursday, September 15th were issued a GBX 2.70 ($0.03) dividend. The ex-dividend date was Thursday, September 15th. This represents a dividend yield of 3.38%.

Business

Pound nudges up to $1.23 as investors eye Brexit talks hope

The market in general remains heavily short and the tense comments from both the UK Prime Minister and her European Union counterparts on tough negotiations last week have made investors incredibly nervous. At just above $1.22, sterling is at its lowest level in 31 years. The currency has plunged nearly 18 percent against the dollar since Britain's shock vote in June to leave the European Union.

Business

Hurricane Matthew death toll in SC reaches 4

The state had been averaging two deaths per day and nearly all the deaths so far have been due to drowning. Jones said after speaking with Kehler and others, the situation in eastern NC is crucial. In the town of Seven Springs, which sits in a low-lying area on the Neuse River in Wayne County, the worst is yet to come, as water that flooded Goldsboro on Wednesday makes it way downstream.

Business

Shailene Woodley Breaks Her Silence After Trespassing Arrest

I was down there with everybody else", said Shailene in the last few minutes of her live stream in the last minutes. The continued protests follow an appeals court decision over the weekend that denied a temporary halt of construction 20 miles from Lake Oahe, the main source of drinking water for the Standing Rock Sioux Tribe .

Business

Did China's Crude Oil Imports and Demand Rise in September?

Brent for December settlement slipped 11 cents to $53.03 a barrel on the London-based ICE Futures Europe exchange. Crude oil (WTI) was decreasing 1.4% to $50.08 per barrel and Brent crude was slumping 1.16% to $51.80 per barrel this afternoon.

Business

Forecast: Mostly cloudy; chance of rain late

Today and tomorrow the low level moisture will begin to increase and you'll feel it with the increase in the humidity which is the reason for the potential low level clouds keeping us cooler than if we had sun. Saturday: Partly sunny. Highs in the mid 60s. As a storm system approaches late in the weekend clouds will overspread the state. By the afternoon, expect partial clearing and highs near 70.

Business

September Retail Sales Meet Estimates, Resume Climb

The increase in retail sales was partly due to a rebound in sales by motor vehicle and parts dealers, which surged up by 1.1 percent in August after slipping by 0.3 percent in August. Despite August's weak retail sales, gauges of consumer sentiment have remained buoyant in recent months. "Consumer spending remains solid entering the holiday season".

Business

Rwanda to use drones to deliver medical supplies

Rwanda is dubbed the country of a thousand hills, but its roads are really poor and nearly impassable in the rainy season, making access to basic health care very hard. The Rwandan government is supporting the project together with delivery giant UPS and vaccination alliance Gavi. "This technology could be an important step towards ensuring they get them".

Business

Irish supermarkets stuck in price war with Unilever

Unilever , which reported sales on Thursday, said the United Kingdom accounts for only about 5 percent of revenue. Sterling has come down by about 16% against the euro and 19% against the dollar since the UK's vote in June to leave the EU. The sources said two of the big four were still weighing whether to accept the price rises or scrap some products. "We are confident that this situation will be resolved pretty quickly", he said.

Business

JPMorgan's 3Q earnings fall 8 percent, but beats estimates

Net interest income increased 6% to $11.9 billion, driven primarily by loan growth. Earnings, meanwhile, came in at $1.58 per share. In the same quarter a year ago, JPMorgan missed expectations, reporting earnings per share of $1.32 (excluding tax benefits and other items) on revenue of $23.5 billion.

Business

Markets See 70% Likelihood of Fed December Rate Hike

Bank in Helena, Montana. Most economists expected the Fed to raise rates again in December, a year since its last hike. "With three dissenting voters, there is clearly a faction that wants to commence with rate hikes immediately", Long said.

Business

United Airlines systems outage causes delays globally

Dozens of United Airlines flights have been delayed following a "systems issue" which could be the result of a cyber attack . NBC also reports there were two separate problems with United's systems, one relating to the luggage weighing systems, which was resolved late Thursday, and another which caused further delays, before being resolved at 3 am ET.

Business

Gold settles 0.3% higher as dollar slips

The data comes just a day after China's trade numbers dampened global sentiment. And they seemed to reconsider how well China's economy is doing. "We've had a strong couple of months, so now a bit of normalisation is coming through". The Shanghai Composite Index was an exception, as it rose 0.1 percent. Thailand's stocks rose 4 percent and the baht gained about 1 percent versus the dollar after the government urged the country to remain calm after the death of King Bhumibol Adulyadej.

Business

Citigroup quarterly profit falls 10.5 percent

Analysts on average had estimated earnings of US$1.16 per share and revenue of US$17.36 billion, according to Thomson Reuters I/B/E/S. Trading revenue, excluding an accounting adjustment, rose 16% to $4.13 billion from $3.57 billion a year ago.

Business

WalMart plans bigger e-commerce shift, tempers profit view

The exact value of Wal-Mart Investment in JD.Com wasn't disclosed, but it continues to cement the relationship between the two companies as they try to claw market share away from Alibaba in China's massive e-commerce industry. The market capitalization of the company is at $217.42 Billion. Moreover, the stock is down -1.03% in one month through last close, to $71.75, showing a -2.14% return during the past three months.

Business

Bomb Suspect Accused Of Trying To Kill Cops To Be Arraigned

Rahami has been charged with five counts of attempted murder. A second pressure cooker bomb located in NY had not exploded. Rahimi is being held on a bail of $5.2 million on the state charges. Authorities have been scrutinizing Rahimi's foreign travels and his previous contacts with law enforcement. "That charges the defendant, again within the jurisdiction of this court, purposefully attempting to cause the death of Linden police officer number one by shooting him in the torso with a ...

Business

Ex-Ohio state lawmaker plans campout ahead of early voting

At this same point in time ahead of the 2012 Presidential General Election, approximately 1,120,682 absentee ballots had been requested. The California secretary of state reported last week that almost 18.3 million people were registered to vote as of September 9.

Business

Unilever Resolves Tesco Dispute, Makes Marmite Available Again

So on Wednesday, many were anxious when they heard Marmite jars were in danger of disappearing from supermarket shelves thanks to a price war triggered by the pound's falling fortunes. "While politicians can deny reality, a shampoo produced on the continent is now more expensive", he said. But Tesco refused to play ball, removing Unilever products from its website and warning other items could be removed from its shelves.

Business

UK PM May says parliament will get opportunity to debate Brexit

At first glance, the stock gains may appear perverse - after all, the fall in the value of the pound indicates that investors are less hopeful about the outlook for the British economy in light of the Brexit vote and the government's apparent desire to break away from the EU's single market.

Business

RSP Permian Inc. (RSPP) Rating Increased to Buy at Zacks Investment Research

RSP Permian will buy Silver Hill, controlled by Kayne Anderson Capital Advisors LP and Ridgemont Equity Partners, for $1.25 billion in cash and 31 million shares. Jefferies LLC was financial adviser to Silver Hill. Kyle D. Miller, CEO of Silver Hill, stated, "Silver Hill has assembled one of the largest and most attractive privately-owned acreage positions in the core of the Delaware Basin".


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