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Oil prices fall as concerns over global fuel glut re-emerge

Brent crude futures dropped 72 cents at $50.07 a barrel, while United States crude futures slipped 73 cents to $49.23 a barrel, Reuters reported. Analysts polled by Reuters expected the data would show crude stocks rose 800,000 barrels last week, after a drop of more than 5 million barrels in the week to October 14.

Business

P Chidambaram: Too many GST rates could be disastrous

He said, cost of funding for compensation through an additional tax would be exorbitantly high and nearly unbearable. The new Goods and Services Tax (GST) will subsume a number of indirect taxes at the state as well as central level and is targeted for rollout from April 1, 2017.

Business

Stock to keep an eye on: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

During the twelve month it lost -81.41% and year to date performance of -78.76%. The last trading range of the stock ranges between $0.01 and $0.02. (NYSE:VRX) going in the future. The analysts estimated mean EPS at 1.67 while the high and low EPS estimate stand at 1.94 and 1.47 respectively. They now have a $19.50 target price on the specialty pharmaceutical company's stock.

Business

Ousted Tata Chief Says Group Faces $18 Billion in Writedowns

Tata's are known for their principles and ethics in the way they do their business and wealth creation. Does this mean Ratan Tata was running the group by proxy despite having distanced himself after retirement? In the four fiscal years from 2013 to 2016, essentially Mistry's regime, the average dividend received by Tata Sons was R6,855 crore, a number boosted by the one-off TCS dividend.

Business

Apple sales fall as expected, sees stronger Q4

Apple reported Tuesday that its revenue declined 9 percent to $46.8 billion for the quarter that ended last month. Total cash returned in the quarter was $9.3 billion between dividends buybacks, for a total of $186 billion of Apple's capital returns program.

Business

Judge approves VW's record United States emissions settlement

And while Volkswagen is trying to move past the scandal, some owners may decline the settlement offer, and file their own lawsuits against the automaker. The scandal rattled Volkswagen's worldwide organisation, hurt its credibility and triggered the ouster of its CEO. "Today is a landmark day, when this innovative settlement can be put into action, investing billions of dollars into public health protections to remedy these serious violations", Cynthia Giles, head of enforcement at the ...

Business

Markets Right Now: Stocks trade mixed on Wall Street

Shares of the world's most valuable public company looked set for a lower open, trading down 2.8 percent premarket after the company said sales of its flagship iPhones fell for the third quarter in a row and forecast a disappointing profit margin forecast.

Business

Royal Bank Of Scotland Group Plc (NYSE:RBS) Updated Analyst Coverage

The Royal Bank of Scotland Group plc shows a total market cap of $ 26576.56, and a gross margin of *TBA while the profit margin showing -33.70%. The company reported its last earnings on Oct 27 BMO and will report its next earnings on 27-Oct-16.

Business

Tata group may have to take write-down of $18bn, says Cyrus Mistry

In an explosive confidential email to Tata Sons board members, Mistry said he was promised a free hand when he was appointed Chairman in December 2012 but Articles of Association were modified, changing the rules of engagement between the Tata family Trusts and the Board of Tata Sons.

Business

RANKED: These are the most and least healthy Halloween sweets

Other acidic foods that are troublesome for teeth include regular and diet soda, energy drinks, orange juice and fruit juices. Apples and carrots are great choices for in between brushing. If you are hosting a party or attending one, be sure to look for fun, healthy snacks to bring to the party. Intravenous sedation is also available as an option that can make dental treatments comfortable for even the most fearful patient.

Business

Federal Court Grants Volkswagen Settlement Over Diesel Emissions Scandal

VW owners will have the option of selling their cars back to the company or keeping them and getting a free, government-approved fix. The automaker also says engine variants in the US are completely different, which makes technical solutions more challenging in the USA compared to Europe and other parts of the world.

Business

Netflix CEO would back AT&T-Time Warner deal, on one condition

AT&T-owned DirecTV, for instance, might favor Time Warner content , crowding out or refusing to carry alternative and independent programming that viewers might prefer. But they will face tough questioning over whether such a combination will make the company too powerful, stifling outside video content creators while forcing consumers to their brand.

Business

Financial Stock Highlights: Visa Inc. (NYSE:V)

The stock's low price in its 52 week is $66.12 per share while $83.79 as the 52 week high price. Visa Inc . has the Market Capitalization of 196.35 Billion. The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.23 billion. Visa had a net margin of 39.72% and a return on equity of 24.02%.

Business

Oil buckles as investors cast doubt on an OPEC output deal

USA crude fell 1.4 percent to $49.29 on Wednesday. Iraq , OPEC's second largest producer, reiterated on Wednesday its resistance to contributing to the cuts while data showed it had higher output for October. USA crude CLc1 was at $49.37 per barrel, down 59 cents, or 1.2 percent, from its settlement on Tuesday. The U.S. Energy Information Administration offers data Wednesday that will give traders an assessment on whether or not the market was continuing its migration toward a decent ...

Business

Edwards Lifesciences (EW) Stock Tumbles on Q3 Revenue Miss

In an analyst note revealed to clients on Wednesday morning, Edwards Lifesciences Corp (NYSE:EW) stock had its "Outperform" Rating restate by research professionals at RBC Capital Markets. Edwards Lifesciences Corp . (NYSE:EW) reported Q3 EPS of $0.68, in-line with the analyst estimate of $0.68. Higher EPS estimate is noted at $0.92 while lowest EPS estimate among analysts is targeted at $0.74.

Business

Giant deal between AT&T and Time Warner

Even in the age of Snapchat, you spend a lot more time watching media than you spend making it. There is also increasing competition from players such Netflix, Amazon Prime and Google's YouTube. It can provide new and exciting content to AT&T customers. "Less competition has historically resulted in fewer choices and higher prices for consumers, and this deal should be assessed with consumers, competition and choice in mind".

Business

Philippines' Duterte tells Japan his China visit was just economics, blasts US

Philippine President Rodrigo Duterte delivers a speech at the Philippine Economic Forum in Tokyo, Wednesday, Oct. 26, 2016. Philippine President Rodrigo Duterte attends a joint press conference with Japan's Prime Minister Shinzo Abe (not pictured) at the prime minister's office in Tokyo on Wednesday.

Business

Police investigate vandalizing of Trump's Hollywood star

Earlier Wednesday, a man identifying himself as Jamie Otis attacked the almost decade-old star for the former Apprentice host on Hollywood Boulevard with a pickax and sledgehammer. The art piece, which was later removed, made light of Trump's campaign pledge to build a wall along the USA border with Mexico. "All of these liars will be sued after the election is over", Trump proclaimed during a late October campaign stop in Gettysburg, Pa.

Business

Stock On Watch: Akamai Technologies, Inc

MKM Partners reaffirmed a "buy" rating and set a $68.00 price target on shares of Akamai Technologies in a research report on Saturday, July 9th. Breaking those down we see that the ratings are as follows: 10 Strong Buy, 0 Rated Buy, 9 Rated Hold and 0 Rated Sell.

Business

Morgan Stanley (MS) Shares Sold by Royal London Asset Management Ltd.

Morgan Stanley has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank AG reiterated a "hold" rating on shares of Morgan Stanley in a report on Sunday, June 26th. The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Similarly, the company has Return on Assets of 0 percent, Return on Equity of 0 percent and Return on Investment of 1.5 Percent.

Business

Rinehart spending $393m on UK fertiliser

The pact with a subsidiary Gina Rinehart's Hancock Prospecting will form an important plank of the overall funding package for the AIM-listed group's North Yorkshire Polyhalite Project. It also includes a 5 per cent royalty stream on the first 13 million tonnes per annum of product for $US250m. This is not the first foray into the agricultural space for Ms Rinehart , Australia's richest woman, who has been buying cattle stations in Australia over the past year.

Business

Latest Analyst Ratings For Verizon Communications Inc. (NYSE:VZ)

Sprint" on October 09, 2016. (NYSE:VZ) has reported a 2.52 consensus analyst rating on the stock. With the application of calculated rating, L-3 Communications Holdings, Inc. Gateway Investment Advisers reduced its stake in Verizon Communications by 4.46% during the most recent quarter end. Lowe fs LLC boosted its stake in shares of Verizon Communications by 0.8% in the second quarter.

Business

Delta App Lets Passengers Track Their Luggage In Real

Delta says that it is the first airline to present a luggage tracker combined with a map. Well, now you don't have to wonder about your bag's status if you fly with Delta. The airline says that in the future customers will be able to opt-in for push notifications that would provide "down-to-the minute updates on their checked baggage".

Business

Senate OKs bill to allow ride-sharing companies to operate

Wolf says the legislation puts an end to any question about the operation of ride-sharing companies in Philadelphia. The three local companies are operating under temporary, experimental licenses that expire early next year. "We're overriding an independent agency". "This is also a huge victory for Philadelphia's schools, one that will help bring in millions of dollars for the district", Harrison said.

Business

EpiPen is going to have some competition

Mylan NV's dominance of the USA allergy-shot market will be challenged next year as drugmaker Kaleo Inc. says it will resume sales of a competing product that was recalled last year. "We're very pleased our patients will have more choices for epinephrine auto injectors, but access remains a major issue", says Baker. Sanofi said it had received a handful of reports that the device didn't deliver a reliable dose of epinephrine.

Business

Sales of new homes rose 3.1 percent in September

Home sales for properties priced above $750,000 accounted for 5% of all new home sales in September, the same as the August rate. "The limiting factor to that growth will be the limited supply of land and labor, and homebuilders' focus on higher price segments".

Business

Trump Takes Shots at Michelle Obama, Digs Up Old Remark

The former first lady called Trump's recent refusal to commit to accept the results of the election unacceptable, saying "We know in our country the difference between leadership and dictatorship, right?" "I know there are a lot of people right here in OH who are discouraged, frustrated, and even angry about what's going on in their lives, about losing jobs, they're upset about what they see happening around them".

Business

Lloyds Banking Profit Plummets on PPI Provisions

Banking group Lloyds is also struggling after disappointing results and news that it was adding a further £ 1bn to its provision for PPI fines, whilst the natural resources firms are also struggling as fears mount that Opec won't be able to implement the planned production cuts next week.

Business

Southwest 3Q profit falls 34 percent on higher costs

Southwest reported revenue of $5.14 billion, down from $5.32 billion in the year-earlier period and below the FactSet consensus of $5.16 billion. "We have tough year-over-year comparisons, so without the technology outage our unit revenues were down in the 3.5% range, and it looks like those trends are going to continue here in the fourth-quarter", he added.

Business

Duterte wants United States troops out of the Philippines in 2 years

Abe had worked to improve bilateral relations with Duterte's predecessor, Benigno Aquino, providing patrol boats to support Manila in its territorial row with Beijing over rival claims to the South China Sea. Earlier in the day, Duterte reiterated his harsh words for long-time ally Washington, saying he might end defence treaties. His approach has caused consternation in both the US and Japan.

Business

JetBlue Airways Reports Flat EPS For Q3

JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.00. Currently, the Return on Assets value for the trailing twelve months is 8.6% with the Return on Equity and Return on Investment of 23.1% and 15.8% respectively.

Business

Trump vows to scrap Obamacare as costs to jump 25 per cent

Or that we're at the beginning of an era with bigger Obamacare rate increases? A CAW study of the Affordable Care Act shows that premiums in the state increased 14.12 percent, but deductibles actually decreased by 15.63 percent - meaning that rates and deductibles combined led to a 1.2 percent decrease for the most common plans.

Business

Transport Secretary Chris Grayling announces Heathrow Airport expansion

The director general of the British Chambers of Commerce, Adam Marshall. said the businesses will now want assurances from Westminster that construction can begin as soon as possible. The environment group and local authorities worked together in 2010 to successfully overturn the Brown government's push for a third runway in the High Court.

Business

Eleven perish in I-10 bus-truck crash

The disclosure came a day after a California Highway Patrol official said there was no indication that the bus driver, Teodulo Elias Vides, applied his brakes before striking the truck that was creeping along at 5 miles per hour because of road work in the area.

Business

What are Analysts opinions on: GrubHub Inc. (NYSE:GRUB)

The stock was sold at an average price of $41.49, for a total transaction of $207,450.00. Following the transaction, the chief financial officer now owns 1,979 shares in the company, valued at approximately $82,108.71. LLC boosted its stake in GrubHub by 50.8% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company's stock worth $9,953,000 after buying an additional 13,879 shares in the last quarter.


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