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Business

Decreases its position in Eldorado Gold Corp. (EGO)

From the historical earnings perspective, Eldorado Gold Corporation (EGO) managed to surpass quarterly earnings per share estimates in 3 of the trailing three fiscal years, and has a positive trend with an average surprise of 25%. As far as the returns are concern, the return on equity was recorded as -169.70% and return on investment was -73% while its return on asset stayed at -42.30%.

Business

Analyst's Focused Stocks: Cypress Semiconductor Corporation (NASDAQ:CY) , Yelp Inc. (NYSE:YELP)

The company beat the analyst EPS Estimate with the difference of $0.02. This shows a surprise factor of 10.5 percent. Bank of America Corp. reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, September 19th.

Business

President Leads Tributes To Anthony Foley

There's nothing but shock in the air", former Ireland worldwide Donal Lenihan said. Munster announced on Sunday that former Ireland global Foley passed away suddenly overnight at the team hotel in Paris. He was unique, a colossal leader and Munster Rugby won't be the same without him. Tributes and messages of condolence flooded in on Twitter with one of Foley's former Ireland team-mates, Brian O'Driscoll, writing: "Can't quite believe it".

Business

Dozens dead in Aleppo airstrikes

Secretary of State John Kerry conceded that Russia's involvement likely played a factor in that, saying it "raises the stakes of confrontation". The United States and Britain warned on Sunday that Western allies were considering imposing sanctions against economic targets in Syria and Russian Federation over the siege of Aleppo.

Business

Eurozone CPI Rises 0.4% in September

The lowest annual rates were recorded in Bulgaria, Croatia and Slovakia, with the highest rates seen in Belgium, Estonia and Austria. Food, alcohol and tobacco prices rose 0.7 percent y/y in September. Most economists do not expect the European Central Bank to start scaling back its massive monetary stimulus soon, but note that a report this month that the European Central Bank might reduce or "taper" the scale of its purchases before the scheme finally ends has struck a chord.

Business

Pepsi to announce global effort to reduce sugar in soft drinks

With US soda giants under pressure to produce more healthy beverages, Pepsi pledged that by 2025, at least two-thirds of the 12 ounce beverages it sells will contain 100 or fewer calories. CocaCola, for its part, stated that it will offer zero- and low-calorie options in every market in the world by 2020, as part of its ongoing sustainability plan.

Business

Nevada Assembly passes bill to publicly finance potential Raiders stadium

The governor is expected to sign the amendment. Sandoval has said the stadium ― which is meant to entice the NFL's Oakland Raiders to move to Las Vegas ― will usher in a " new era for tourism " for the city. If they do the same thing, that means that the owners would likely vote on a potential Raiders move in January. Commissioner Roger Goodell told the Associated Press last month he would like to find a way to keep the Raiders in Oakland.

Business

Wells Fargo CEO Out Amid Accounts Scandal

John Stumpf retired as chairman and chief executive of Wells Fargo on October 12, effective immediately . Stumpf's move comes just weeks after he was grilled by Congressional panels over the way the company handled an alleged scam where upwards of two million accounts were created by employees.

Business

Iran: OPEC deal on limiting output step in right direction

It is one of Iran's main energy resources. Iran now exports more than 2.2 million barrels a day, Zamaninia said. Iran is pumping at full capacity, Kardor said. Iran did not report its production levels for September directly to OPEC, whose members are reviewing coordinating with non-member states to hold production levels steady.

Business

Murphy Pohlad Asset Management Lowers stake in Spectra Energy Corp. (SE)

The stock volatility for week was 1.82% while for month was 1.81%.The stock, as of last close, traded 106.77% to its 52 week low and was changed -3.07% from its 52 week high. ( NYSE:VLO ) opened at 53.79 on Friday. The company's 50-day moving average is $42.56 and its 200-day moving average is $44.26. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.88.

Business

China defends Pakistan after "mother-ship of terrorism&"

Bimstec nations are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. "Modi said that as a result of the solidarity that the countries of the region had shown after the Uri terror attacks, a message had gone across that people in our region want peace and they recognise that the biggest challenge to peace and prosperity is terrorism", Mr Swarup said.

Business

Chicago and Illinois Join Anti-Wells Fargo Bandwagon

The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo from city business because of its scandal over phony accounts, joining the states of IL and California in punishing the bank. "Look at Wells Fargo ", Clinton said at the Martin Luther King Jr. plaza, to a crowd of about 1,200. Chevron does not hold any meaningful stake in Wells Fargo .

Business

Biden: We're sending a message' to Putin

Biden claimed Sunday that Clinton, who could become the first female US president, has already been "battered and beaten" by some of the press. "I'm talking about Trump obviously", Biden clarified, saying the Republican presidential nominee's comments are "not inconsistent with the way in which he's abused power all along".

Business

Fed's Yellen says 'high-pressure' policy may be only way back from crisis

At that same time, a reading on producer prices is due to arrive, and economists expect a gain of 0.2% for last month. The dollar has had its best fortnight for more than a year against a basket of currencies.DXY, up 2.5 percent since the start of October, but the shift upwards in USA bond yields behind that move looks to be running out of steam.

Business

Macy's to open an hour earlier on Thanksgiving

CNBC says that Macy's did not respond to their request for comment. The difference between the year-over-year change in total and comparable sales largely resulted from the closing of 41 underperforming Macy's stores in fiscal 2015. The retailers' critics say employees should be at home with their families instead of working. It is an example of how differently the nation's largest retailers are staggering the time when they open their doors.

Business

Google Assistant is exclusive to Pixel, not coming in Android 7.1

Google's previous phones, dubbed Nexus , had limited distribution. Google also made known the new details on Pixel smartphone's Echo-like speaker Google Home, which will roll out this November for $129. That doesn't mean you can't buy an unlocked version of the phone, but it did raise some questions about how the updates for Pixel will be handled for those that do decide on the Verizon version of the phone.

Business

Ontario Teachers' buys wineries, Wine Rack stores for $1.03 billion

The deal could be announced this morning. The Mississauga, Ont. -based company owns three commercial wineries, five estate wineries and 163 Wine Rack retail locations throughout Ontario. President and CEO for Constellation Brands , Rob Sands, says this is part of the company's strategy to focus on premium, high margin and high growth brands.

Business

India has no moral ground to even talk about counter-terrorism: Sartaj

Both the leaders also agreed that questions had been raised about the future of Saarc and only the top leaderships of the countries in the region could find answers to those questions. "On top of that, despite the well-established industrial chains within BRICS nations, some of them still hold impractical views about building their own systems and excluding China's influence".

Business

Oil price lifted by Russia's Opec freeze

OPEC supply quotas will be decided at the group's official gathering late next month in Vienna. This came as Russian President Vladimir Putin said he saw no obstacles to a global agreement on an oil output freeze. "Russia is ready to join the joint measures to cap production and is calling for other oil exporters to join", Putin said, according to Reuters. Brent for December settlement rose 40 cents to $52.81 a barrel on the London-based ICE Futures Europe exchange.

Business

Canada-EU Trade Deal Clears Hurdle

They also contend the pact would give multinationals greater power over governments. "If ‎Europe is incapable of signing a progressive trade deal with a country like Canada, this will send a clear and unfortunate signal", Alex Lawrence, spokesman of Canadian Trade Minister Chrystia Freeland, said on October 14.

Business

Global shares mostly lower in narrow trading amid Fed wait

Also on Friday, Loretta Mester, president of the Cleveland Fed, participated in a round table discussion with the Common Good Ohio (in Cleveland), which is affiliated with the Center for Popular Democracy's Fed Up Campaign. Investors are anticipating Chinese economic data on industrial production, retail sales and gross domestic product that are all due on Wednesday after a report last week showed the nation's exports unexpectedly dropped in September.

Business

Rand loses ground as Gordhan's future hangs in the balance

The news will make a sovereign ratings downgrade more likely in South Africa, Independent Online reported. He also said a police probe continued into an allegedly unauthorized unit set up years ago at the country's tax agency to investigate financial wrongdoing at a time when Gordhan led the agency.

Business

Betfred and Stan James to purchase Ladbrokes and Coral shops

Bookmakers Ladbrokes and Gala Coral have moved a step closer to their £2.3bn merger after agreeing to sell about a tenth of their combined betting shop network to smaller rivals. LADBROKES and Coral are set to sell 359 betting shops to Betfred and Stan James for £55.5 million paving the way for the two betting giants to complete their £2.3 billion merger.

Business

Trump Taj Mahal hotel closes after 26 years

With the loss of jobs, Atlantic City has seen over 10,000 individuals lose employment via casino closings in the past two years. The Republican candidate in the race for the presidency - who took his Atlantic City casinos through bankruptcy four times - minced no words about Monday's shutdown of the gambling hall.

Business

Odell Beckham Jr Needs to Stop Talking And Play

Bank Stadium. We'll start winning some games and help pick up this offense. "I mean just by watching film Beckham is a great, great receiver", Randall said . His behavior is becoming a distraction as the Giants head into a Sunday game at the Green Bay Packers. He just needs to keep calm on the field. Now, Beckham's former coach is doing the same.

Business

China launches two astronauts to stay on its new space station

The Long March-2F carrier rocket carrying China's Shenzhou-11 manned spacecraft blasts off from the launch pad at the Jiuquan Satellite Launch Center in Jiuquan, northwest China's Gansu Province, Oct. It was excluded from the International Space Station due to concerns over the military nature of its space ambitions. "Heavenly Palace 2" was launched on 15 September 2016 with the intention to make it a testbed for key technologies that will later be used for a large modular space station in ...

Business

Fifth Street Finance Corp. (NASDAQ:FSC) Updated Broker Price Targets

The Company operates a bank with the primary objective of maximizing the value of deposits generated though its brokerage business. ETFC has been the topic of several other research reports. Overweight rating was given by "2" and Underweight rating was given by "0". This represents a $0.48 dividend on an annualized basis and a yield of 1.50%.

Business

Brokerages Set B2Gold Corp (BTG) Price Target at $5.07

Dundee Securities upgraded B2Gold Corp from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 20th. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company.

Business

Hoboken rail service fully restored after crash

The terminal's ticket office also has reopened. Full New Jersey Transit service returned to Hoboken Terminal Monday for the first time since the September 29th crash that killed a woman and injured more than 100 people. Tracks 5 and 6 will remain closed as NJ TRANSIT advances ongoing fix and recovery work. Beginning tomorrow, customers may access Tracks 1 through 4 through the external walkway near PATH and Tracks 7 and 8 via the Main Terminal.

Business

Sensex, Nifty plunge on lower guidance, US rate hike fears

The benchmark index ended down 0.52 percent at 27,529.97, posting its lowest close since July 8. The wider 51-scrip Nifty of the National Stock Exchange (NSE) closed lower by 63 points or 0.73 per cent to 8,520.40 points. ICICI Bank shares soared 7 percent on hopes of loan recovery after debt-laden Essar Group signed a pact to sell an oil unit to a consortium led by Russia's Rosneft.

Business

Wikileaks highlights: What's in those hacked emails Trump is talking about

In the email released on Saturday containing the transcripts , Clinton campaign staff highlighted sections that could pose problems, including saying "political reasons" factored into passing the 2010 Dodd-Frank law on Wall Street reforms and, while talking about regulation, saying the people who work in the industry know it best.

Business

Uni-leaver: Tesco pull Marmite and Unilever products over price row

Industry experts predict that Brexit - which like Marmite has polarised public opinion - could spark further turmoil with more price hikes to come in the food sector. Speaking to BBC's Newsnight, former head of Northern Foods, Lord Haskins, claimed that Unilever was "undoubtedly" justified in its action, and it remains to be seen which other supermarkets follow Tesco's lead.

Business

United Kingdom 'blocks bank accounts' of Russia's state-run RT broadcaster

The National Westminster Bank has informed RT UK that it will no longer have the broadcaster among its clients. A spokesman for NatWest, which is part of the Royal Bank of Scotland group, said it did not have a comment on the reports. "It may not. Our legal department is dealing with the issue now", Margarita Simonyan told RBK business news website. It said the content flouted Britain's broadcasting code.

Business

Presidential Candidates' Plans Would Carry Tax Code in Different Directions

Trump said during the debate that many of Democratic candidate Hillary Clinton's wealthy donors take similar deductions, mentioning Buffett by name. The memo was also an opportunity for Buffett to point out Trump's failure to provide his own income tax returns, a break in what has become standard practice among presidential candidates in modern times.

Business

China to launch Shenzhou-11 manned spacecraft on October 17

Zheleznyakov believed that China's experimental space lab will help provide solutions for spacecraft of different functions to approach and dock, and for a long-term operation of life support system, among others, in order to increase both the safety of astronauts and the service life span of the space station.


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