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Oil Prices React Stoically On Biggest Rig Count Rise In 2016

It is also the seventh weekly increase in a row and tenth in the past eleven weeks. The nation's gas-rig count rose by two in the past week to 83. The bank said it still expects a modest increase in rig additions heading into the end of the year and through first-quarter 2017, but revised down its total oil and natural gas rig forecast to an average of 480 from the 495 it projected in March.

Business

USA election: Hillary Clinton releases her tax returns

HILLARY Clinton's campaign says the Democratic nominee and her husband paid a federal tax rate of 34.2 per cent and donated 9.8 per cent of their income to charity past year. "If it is true, that's OK too", Trump said Thursday on Fox News' " The O'Reilly Factor ". 'Give me a break, ' he said. Clinton's running mate, U.S.

Business

Alibaba's revenue jump 59%, GMV increases by 25%

Legal & General Group Plc now owns 1,024,408 shares of the company's stock worth $80,944,000 after buying an additional 3,399 shares during the last quarter. And Alibaba gave investors a closer look at how those businesses are doing for the first time in this earnings report . "But it will take longer time before the firm reaps fruit from the sector".

Business

Delta anticipates return to "normal operation" by Wednesday afternoon

Delta, the No.2 USA airline by passenger traffic , had said that as of 5:15 p.m. EDT (2115 GMT) Tuesday it canceled about 680 flights, while about 2,400 had departed. By 3 a.m., passengers were getting irate. "I thought there might be a fistfight". Tuesday's disruptions followed about 1,000 cancelations and 2,800 delayed flights on Monday.

Business

Tesla Motors to acquire SolarCity in a $2.6 billion stock deal

Mr. Mok has reaffirmed a Hold rating on SolarCity stock, while he has not provided any rating on Tesla stock. Elon Musk is the chairman of both companies and remains the largest shareholder of both. The overall cost of ownership is also expected to go down with the reduction in hardware and installation cost. We will also be able to leverage Tesla's 190-store retail network and global presence to extend our combined reach.

Business

Exports slip 6.8 pc in July; gold imports more than halve

Gold imports declined 64% to $1.1 billion. Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, the same as in 2015, the World Trade Organization said in an April report. Imports in the first four months of the fiscal at $113.99 billion were 16.33 per cent lower than $136.25 billion. The Reserve Bank data on Friday showed India's services exports in June fell 1.03 per cent at $13.32 billion as compared to a positive growth of 4.28 per cent in May 2016.

Business

Khan asks McCain to withdraw Trump support

On Tuesday, Khan directed his comments specifically at the senator, saying, "I implore Senator McCain ... I continue to implore all of the good Republicans who either support or are going to vote for their party's candidate, this will be a historic moment in the Republican Party", Khan told a local Arizona television station this week, urging McCain to drop his endorsement of Trump.

Business

Wild fires spread in southern France, four firemen injured

Firefighters in southern France brought in reinforcements from across the country on Thursday to help smother the last flames and douse dry brush after wind-whipped wildfires devastated thousands of acres and destroyed homes but spared Marseille .

Business

Clinton's tax move pressures Trump

Clinton's 2015 tax rate, the source said, is expected to be consistent with her past returns . Hillary Clinton has said that Donald Trump is "inciting violence " after he allegedly encouraged members of the gun lobby to assassinate her.

Business

Price Target Analysis: Himax Technologies, Inc. (NASDAQ:HIMX)

The second quarter revenue of $201.1 million represented an 11.5% sequential enhance and an 18.8% enhance year-over-year. Smartphone driver IC had strong demands, but sales in the region are expected to remain steady on a sequential basis in the third quarter, citing that the company is experiencing difficulties in delivery for mounting rush orders lately from its Korean and Chinese customers.

Business

Delta cancelling almost 250 flights Tuesday morning

Delta is providing $200 in travel vouchers to all of its customers who experienced a delay of more than three hours or a cancelled flight on Monday or Tuesday as a result of the system-wide outage. Delta officials said flights were still being grounded or delayed in an effort to reset operations and get crews and aircraft back to where they need to be.

Business

Macy's Stores to Close Nationwide

Jack Manning, president of the Beaver County Chamber of Commerce, said he hasn't heard one way or the other if the local Macy's is on the list. The announcement came as Macy's reported Thursday fiscal second-quarter sales and earnings that topped analysts' expectations, thanks to shoppers responding to the department store's steep discounts.

Business

Australian Census Knocked Offline On Big Day

The ABS says, however, that staff can not get back to the name once it is destroyed from the other data via the key . Regardless of the source of the attack, the ABS will need to move swiftly to reassure Australians that their data - which is now paired to their name and address - is safe.

Business

Cardinal Health Inc. (CAH) Price Target Raised to $93.00

Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 19.97. The firm has a 50-day moving average of $80.61 and a 200-day moving average of $80.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Goldman Sachs Group Inc.

Business

One in five Republicans want Trump out

The Republican nominee suggested her liberal nominations would threaten gun ownership rights when he said: "Hillary wants to abolish, essentially abolish the Second Amendment ". It can be a complicated subject, but a new video from Business Insider breaks down what it calls the most likely path to the White House for Republican nominee Donald Trump .

Business

Notable Research Reports: Boeing Co (NYSE:BA), Emerson Electric Co. (NYSE:EMR)

Standpoint Research Initiated General Electric Company on Jul 22, 2016 to "Sell", Price Target of the shares are set at $26.Cowen Initiated General Electric Company on Jun 7, 2016 to "Market Perform", Price Target of the shares are set at $29.

Business

Analyst Revises OM Asset Management plc (NYSE:OMAM) Stock Target

Zacks Investment Research lowered shares of Brookfield Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, July 12th. Brookfield Asset Management Inc.is an alternative asset manager. If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 3/2016, the consensus mean EPS was $0.46 while the company reported $0.69 EPS on 5/13/2016 BMO with a difference of 0.23 marking a surprise factor of 50.00%.

Business

Weak retail sales, inflation data dim prospect of Fed rate hike

Motor vehicle sales increased 1.1 percent last month. The producer prices index (PPI), a measure of how much factories and manufacturers pay for their goods, came in at minus 0.4 per cent on a monthly basis against expectations for growth of 0.1 per cent.

Business

Endo pops 20%-plus after Q2 earnings and revenue beats

According to these analysts, the Low Revenue Estimate for Endo International plc is 832300 and the High Revenue Estimate is 958000. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. Endo International plc (NASDAQ : ENDP)'s distance from 20 day simple moving average is 26.68% whereas its distance from 50 day simple moving average is 33.32% along with -38.75% distance from 200 day simple moving average.

Business

Most Wisconsin voters still dislike Trump, Clinton

Clinton's unfavorable rating is at 53 percent. The poll took place August 4-7 and has a 4.6-percent margin of error. House Speaker Paul Ryan's approval rating remains sky high in Wisconsin. Only 33 percent say they would cut all or some spending for road projects to avoid a tax or fee increase. Walker continues to oppose raising taxes.

Business

Russia Loses Nearly a Third of Olympic Team Due to Systematic Cheating

After the publication of the report of the World Anti-Doping Agency's (WADA) Independent Commission headed by Richard McLaren, which accused Russian officials of systemic doping machinations, the probability of a blanket ban was rather high.

Business

The Ultimate Pokemon Go Infographic

To appeal, simply visit this link , where you'll be asked for your email address, your nickname in the game, and an explanation that you believe you have been unfairly banned from Pokemon Go. After cruising the world in search for the mythical " Pokemon Go " creatures, Nick Johnson claims he successfully secured all 145 characters. To fight at a Gym, the player needs to join a team to fight for; players fight to capture and control Gyms for their own team then place Pokemon to defend it.

Business

Olympic Sevens Team Of The Tournament Unveiled

Pre-tournament favourites Fiji were imperious from the opening whistle. But naturally, it was back in Fiji where the most raucous celebrations took place as the entire country seemed to grind to a halt to watch the match unfold at 10am local time.

Business

Stocks open higher, aided by retail profit news

At 2:39 pm, ET, the Dow Jones industrial average was down 0.33 per cent at 18,472.66 points and the S&P 500 had lost 0.43 per cent to 2,172.44. The Standard & Poor's 500 index fell 6 points, or 0.3 percent, to 2,175. The contract fell 25 cents, or 0.6 percent, to close at $42.77 per barrel on Tuesday, ending a rally after the US government raised the forecast on domestic crude production.

Business

Ukraine 'enhances' military, troops on "high alert"

The Russian intelligence agency FSB on Wednesday said one of its officers and an army soldier were killed over the weekend in two separate incidents while fending off what Moscow described as a series of attacks by Ukrainian "saboteurs".

Business

Thailand rocked by series of explosions

It was not clear who was behind the attacks, but police ruled out links to worldwide terrorism or to a low-level insurgency which has been affecting the country's Islamic south for many years. Four men and a woman were injured in the second wave of blasts in Hua Hin on Friday morning with another bomb discovered on a motorbike and detonated by police, the Bangkok Post reports .

Business

U.S. stock indexes edge lower as investors weigh economic data

Kohl's , which kicks off the two-day department stores earnings period, rose 3.8 percent to $39.50 after its second-quarter revenue beat estimates. Crude-oil futures jumped to almost three-week highs after Saudi Arabia's energy minister said major producers might take action to stabilize prices at a meeting next month.

Business

Macy's plans to close 100 stores; impact in Boulder, Broomfield unclear

That represents close to 14 percent of its store base. The iconic retailer did not disclose the locations of stores, but said a lot of them will be shut down in early 2017. To improve its stores, Macy's will add vendor shops and bring in new merchandise through
license agreements. Shares of major mall owners General Growth Properties and Simon Property Group slumped 3% and 2%, respectively, on Thursday.

Business

Fiji has its first-ever Olympic medal - and it's gold to boot

The Fiji Times reported fans danced in the street and said many called for Fiji's England-born coach Ben Ryan to be granted honorary Fiji citizenship. Alongside Osea Kolinisau, Semi Kunatani and Josua Tuisova, were team GB's James Davies and Daniel Bibby, South Africa's Kyle Brown and Japan's Lomano Lemeki.

Business

Wall Street hits fresh record highs

Eastern time. The Standard & Poor's 500 index lost four points, or 0.1 percent, to 2,181. The Nasdaq Composite closed lower at 5,204.58, for a loss of 20.90 points or 0.40%. The stock added 43 cents, or 4.3 percent, to $10.37. Healthcare added 0.6%, information technology stocks closed up 0.4% and telecommunications services rallied 0.3%.

Business

In reversal, Trump says ISIS claim about Obama was sarcastic

Barack Obama is not the founder of ISIS (DAESH)". "I gave him the most valuable player award". If, for example, Trump had said, "Obama REALLY gets ISIS". The Isis controversy comes after Trump faced backlash over his hint that gun rights supporters might attack Clinton, something that seemed to cause genuine shock in a country that has grown used to Trump pushing the boundaries of appropriate political discourse.

Business

Shell declares force majeure on gas supply to NLNG

Speaking to journalists in Abuja, yesterday, a group representing the seafarers said the protest was a reaction to a mail sent to them by the company mandating all seafarers to sign and comply with the cut within seven days or risk losing their jobs.

Business

Warren Buffett Takes a Shot at Donald Trump

She also stood by comments she made earlier this year which likened Trump to Hitler and Mussolini . Whitman joins a growing list of prominent Republicans who have come out in support of Clinton following a series of controversial statements by Trump during the campaign.

Business

Earl downgraded from hurricane to tropical storm as it crosses Belize

Four hundred people have so far been evacuated from Belize's northern islands Ambergris Caye and Caye Caulker, Lionel Cuthkelvin, operations officer at the National Emergency Management Organization, said by telephone. National Hurricane Center said . The minimum central pressure was 982 mb. Tropical-storm-force winds extend outward up to 140 miles mainly to the northeast of the center.

Business

United States operators start pre-orders for Samsung Galaxy Note 7

According to LowYat.Net, Samsung has also indicated that those who pre-order can expect a few extra goodies though the site was unable to provide specific details. The smartphone includes a new enhanced S Pen and features a 5.7 inch Quad HD Dual edge Super AMOLED screen with a resolution of 2560 x 1440 and 518ppi.


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