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Business

British American Tobacco seeks £150bn Reynolds tie-up

BAT expects the deal to lead to relatively modest cost savings of $400 million, but said the deal would give it a major position in the US tobacco market in addition to high-growth emerging markets across South America, Africa, the Middle East and Asia.

Business

Money pours in for pipeline protest

Kirchmeier says he believes one person involved in the canoeing incident was able to make it out of the water. Frazier, who said he had a tribal member who was praying in a sweat lodge when arrested Thursday, pointed out that North Dakota is named for the Dakota people.

Business

Juror: Acquittal Was Not Endorsement Of Oregon Occupiers

Jurors exonerated brothers Ammon and Ryan Bundy and five others Thursday on charges stemming from their six-week armed occupation of the Malheur National Wildlife refuge in rural Oregon. In a message Friday to all Interior Department employees, Jewell says she's concerned about the verdict's potential effect on workers and on the effective management of public lands.

Business

O'Reilly (ORLY) Misses Q3 Earnings, Announces Acquisition

Susquehanna is following shares of O'Reilly Automotive Inc. (NASDAQ:ORLY) Auto Parts Stores on its PE ratio displays a value of 25.12 with a Forward PE of 20.54. O'Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. The transaction is expected to close by the end of this year. During the same period in the prior year, the company posted $2.64 earnings per share.

Business

NXP Semiconductors NV (NXPI) Downgraded by Raymond James Financial Inc

Summit Redstone reiterated a "buy" rating and issued a $91.00 price objective on shares of NXP Semiconductors NV in a research note on Wednesday, July 20th. Several hedge funds have recently made changes to their positions in NXPI. Ltd. raised its stake in shares of NXP Semiconductors NV by 2.2% in the third quarter.

Business

Big Fidelity Investor in Wells Fargo Trimmed Position in September

The Hedge Fund company now holds 1,863 shares of WFC which is valued at $86,126. While looking at the Stock's Performance, Wells Fargo & Company now shows a Weekly Performance of 2.53%, where Monthly Performance is 4.19%, Quarterly performance is -2.53%, 6 Months performance is -7.18% and yearly performance percentage is -13.51%.

Business

Singapore starts trial of ex-banker linked to 1MDB Fund

Singapore, a regional financial hub, previous year launched a probe into alleged illicit fund flows linked to 1MDB and closed down the local branches of two Swiss banks - BSI and Falcon Private Bank - involved in the scheme. Sometime in the same month, Yeo contacted Amicorp Group employee Mr Jose Renato Carvalho Pinto for help in covering up his tracks. Prosecutors also charged that Yeo had used Amicorp Group to facilitate illicit transactions.

Business

Mark Carney to serve extra year as Bank of England governor

Carney took up the position in July 2013 under an agreement in which he had a five-year term with the option of another three years. A bank spokesman declined to comment on the speculation, or on reports that Carney may announce his decision as soon as Thursday.

Business

Pakistani police detain 1500 in crackdown on opposition

They were carrying party flags and Imran Khan's portraits while chanted slogans "Go Nawaz Go", "Nawaz should resign" and others. Amid speculation over the reasons for her divorce with Imran, Reham had said nobody but they themselves were responsible for it.

Business

Security video shows possible abduction at Virginia Walmart

In that video, the victim appeared to be talking to the car's driver. He then disappeared from view again only to return seconds later with the other car's occupant and another person. The suspects then get back in the auto and drive off. According to police, additional surveillance video shows the suspect vehicle driving next to the victim before the incident and that the victim seemed to be talking with the suspect driving the auto.

Business

Edmp Lowers stake in Wal-Mart Stores (WMT)

Harrison Partners Inc's portfolio.Highstreet Asset Management reduced its stake in WMT by selling 100 shares or 0.22% in the most recent quarter. The Company expected to announce next earnings approximately $1.46 per share. (NYSE: WMT ) reported its last quarterly earnings on Jul 16 where the firm reported its Actual EPS of $1.07/share against the analyst consensus estimate of $1.02/share.

Business

People power wins the day in trade deal with Canada

The deal, seven years in the making, had been stalled by Wallonia which was holding out for stronger safeguards for jobs, the environment and consumer rights. Belgian Prime Minister Charles Michel said that the heads of Belgium's regions had produced a deal to allay concerns . Alex Lawrence, the spokesman for Canada's trade minister, said hours before that the country was prepared to sign the deal whenever Europe is ready.

Business

Hassan returning donations amid law firm's payback system

Over that period, they received $1.4 million in bonuses, many of which matched the donations. In Wisconsin, Senate candidate Russ Feingold says he will return $45,000, and in New Hampshire, Gov. Maggie Hassan will return $51,000 in campaign donations made from partners of MA law firm, officials told WMUR . "This is a troubling pattern that raises serious ethical and legal questions, and Hassan must immediately return this money".

Business

InterContinental Hotels Group PLC (IHG) Cut to "Reduce" at Kepler Capital Markets

The 50 day moving average of LON:CTH is 270.11 and the 200 day moving average is 252.09. Citigroup Inc. restated a "buy" rating and issued a GBX 145 ($1.77) price objective on shares of Man Group Plc in a research report on Monday, October 17th.

Business

ANZ to focus on Institutional Banking in Asia

DBS Bank will acquire the wealth management and retail banking business of ANZ in five markets for approximately SG$110 million. For Shayne Elliott without greater scale ANZ's competitive position in Retail and Wealth in Asia is not as compelling.

Business

Indian High Commission official leaves Pakistan

Earlier today, India made a decision to expel a Pakistani High Commission staff member for "espionage activities", a Foreign Ministry official said, as local media reported that New Delhi police had detained him. Sleuths have started interrogation of the three Indian nationals arrested on the charges of espionage in order to plug the loopholes in the system that allowed Mehmood Akhtar, the alleged ISI agent to easily get access to the classified defence information.

Business

NMC remembers Sardar Vallabhbhai Patel, Indira Gandhi

Anand Sharma, who was a key minister in Manmohan Singh government, attacked the Narendra Modi government for "deliberately disrespecting" the memory and martyrdom of Indira Gandhi, describing her as the "tallest leader, and a popular Prime Minister who gave her life for India".

Business

Zimmer Biomet Holdings Inc. Bottom Line Rises 7% In Q3

This represents a $0.96 annualized dividend and a dividend yield of 0.78%. Stockholders of record on Friday, September 23rd were paid a dividend of $0.24 per share. On March 4, 2016 the stock rating was rated "Hold" in a report from Argus Research down from the previous "Buy" rating. Many Wall Street Analysts have commented on Zimmer Biomet Holdings Inc.

Business

Decisions Will Be Taken In December, Market Reverses Sharply — ECB's Draghi

Here are five things to watch for Thursday. "The countdown clock to the end of QE is now ticking just a little louder". There are different predictions out there. That has the effect of increasing the impact of any later announcement. "December's likely policy pronouncement will depend on the tone of the data over the next few weeks".

Business

Vladimir Putin claims Russian hackers incapable of influencing US election

He addressed a series of topics including American accusations that his country is trying to influence the presidential election campaign and that Russian Federation is involved in cyberattacks on the US. Before it's here, it's on the Bloomberg Terminal. Dmitry Peskov, President Vladimir Putin's official spokesperson denied the leak, saying that Surkov does not use email.

Business

Pacific storm brings needed rain to north, central California

The wet weather has pushed rainfall totals in the Bay Area to exceptionally high levels, with many places recording between 200 and 400 percent of normal precipitation for the month. "I'm sure they'll be awaiting the result of this event", he said about the ski resorts. Thursday's storm will give way to heavy rain in the afternoon and evening.

Business

Obama campaigns for Clinton despite FBI review

President Barack Obama has hosted plenty of confrontational foreign leaders at the White House, haggling over military aggression, trade disputes and any other irritant that brings a head of state into the Oval Office. Like another Democratic power couple, Obama said the two will continue their charity efforts through causes such as Let Girls Learn , an initiative promoting education for teenage American girls.

Business

Google Profits Drive Alphabet Q3 Earnings

Earlier this month, Alphabet's board authorised the company to repurchase up to $7bn of its Class C capital stock. Google's ad revenue rose 18.1pc to $19.82bn in the third quarter , accounting for 89.1pc of Google's total revenue , compared with 89.8pc of revenue in the second quarter.

Business

Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation makes up approximately 2.93% of Rowland Co Investment Counseladv's portfolio. Exxon Mobil Corp. accounts for 1.2% of Cambridge Investment Research Advisors Inc.'s investment portfolio, making the stock its 9th largest position.

Business

Dakota Pipeline Protests Moves to Downtown Salt Lake City

Wondering why everyone on Facebook is at Standing Rock, North Dakota? Many in the tribe are against the " Dakota Access Pipeline " which would take 470,000 barrels of crude oil every day from North Dakota to IL. But donations started rolling in as well, and one crowdsourcing effort, to raise $5,000, has topped a staggering $1 million. Most of the original $6 million line of credit approved in September has been used as the protest movement near the Standing Rock Sioux Tribe's reservation ...

Business

Hamilton's 3 points leads Flames to 5-2 win over Senators

Backlund had one of Calgary's best chances to tie it in the third when the puck squirted out to him in front, but he he didn't get a good shot away and Braden Holtby was able to smother it. "(Driedger) gave us a chance. I just had to put my stick there. "They scored from the corner, they hit the boards and it bounced". ABOUT THE CAPITALS (4-2-1): Marcus Johansson posted two goals and an assist Saturday to take over the team lead with seven points while Ovechkin is stuck on five along with ...

Business

FBI obtains warrant to search newly found Hillary Clinton emails

Former U.S. Attorney for Massachusetts Donald Stern told the Herald it's "almost impossible" to tell if the emails can all be scrubbed before November 8, but said Abedin's cooperation would accelerate the process. In July, the Federal Bureau of Investigation concluded that Clinton had been "extremely careless" in her use of a private email server, but the agency didn't recommend filing any charges against her.

Business

Anthony Weiner rocks race for president with sexting scandal

A USA official told The Associated Press the newly discovered emails emerged through the FBI‚??s separate sexting probe of former congressman Anthony Weiner, the estranged husband of close Clinton confidant Huma Abedin . "Had he sat on the information, one can argue that he also would be interfering in the election", by failing to disclose the review, Conway said. "We are now leading in many polls, and many of these were taken before the criminal investigation announcement on Friday - ...

Business

Analysts Update Their Price Target On Pure Storage (NYSE:PSTG)

Public Storage had a return on equity of 25.44% and a net margin of 52.53%. Analysts estimated a revenue of $624.13M. Earnings per share were $2.53. The business's revenue for the quarter was up 7.2% on a year-over-year basis. Argus Research has "Buy" rating and $275 price target. More interesting news about Public Storage (NYSE:PSA) were released by: Zacks.com and their article: "What's in Store for Public Storage (PSA ) in Q3 Earnings?" published on October 24, 2016 as well as ...

Business

China defends Philippines President Rodrigo Duterte's 'independent choices' 'separate' from US

In his strongest words so far against the U.S., Duterte said he is " separating " from the Philippines' long-term ally and align instead with China and Russian Federation. It's the only way". The Obama administration has seen Manila as an important ally in its "rebalance" of resources to Asia in the face of a rising China.

Business

Shares Trading down at $13.23 CVR Energy Reports 2016 Third Quarter…

The stock now has an average rating of Hold and a consensus price target of $9.99. CVR Refining , LP (NYSE:CVRR) retreated -16.2% and closed its last session at $7.5. Over the 52-week time span, the stock notched a high price of $48.37 and its minimum price was $13.01. The share price of the company (NYSE:CVI) was down -2.58%, with a high of 13.50 during the day and the volume of CVR Energy Inc.

Business

Consumer spending rebounded in September

Consumer spending is the biggest driver of the economy and is responsible for more than two-thirds of US growth. Disposable personal income, or personal income less personal current taxes, also rose by 0.3 percent In September following a 0.2 percent increase in the previous month.

Business

President Obama to campaign for Hillary Clinton in Jacksonville 'area' Thursday

Florida is one of just a handful of states that an Associated Press analysis rates as a toss-up between Clinton and Donald Trump. Mrs Clinton, meanwhile, is hoping that some of the first lady's popularity rubs off on her. With his help, this "Obama coalition" has generally stood behind Clinton, forcing Trump to identify new voters and motivate them with amessage of "fear and loathing" in a change-oriented election cycle.

Business

HCA Holdings reiterated as Outperform By RBC Capital Markets

A number of other research firms have also recently commented on HCA. 07/07/2016 - Plains Group Holdings, L.P. was downgraded to "hold" by analysts at Evercore ISI. The company posted revenue of $10270.00 million in the period, compared to analysts expectations of $10384.41 million. HCA Holdings, Inc. (NYSE:HCA)'s earnings per share has been growing at a 12.6 percent rate over the past 5 year when average revenue increase was noted as 7.2 percent.

Business

Senate Sets Hearing on AT&T-TW Deal (T, TWX)

On Oct. 25, AT&T set a price of $35 a month for a web-streaming TV service, DirecTV Now, that will include more than 100 channels when it debuts in November. "It's too much concentration of power in the hands of too few", the billionaire real estate magnate said at a recent rally. AT&T said it is still reviewing "which FCC licenses, if any, will be transferred to AT&T " from Time Warner .


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