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Oil prices fall amid OPEC-deal concerns

On Oct. 28, OPEC's technical forum struggled to agree on how to allocate individual cuts amid disputes over the role Iran and Iraq ought to play, delegates said. US WTI crude for December delivery was trading down 70 cents at $48 a barrel, after closing down $1.02 on Friday. "The exclusion of key nations as well as the negative sentiment on the deal from the Iraqis both reinforce the idea that a true shift in the physical market is not likely", said Jeffrey Quigley, Director, Energy ...

Business

Obama on FBI investigation: 'We don't operate on innuendo'

As always, we demand transparency from all our public officials. This follows Comey's lukewarm clearing of Clinton on email issues related to her private server this past summer, a move that was questioned because of President Bill Clinton's impromptu meeting with Attorney General Loretta Lynch shortly before Comey made his announcement.

Business

Tesla turns profit in Q1

Tesla will report third-quarter earnings after the markets close on Wednesday, and then follow with a conference call for analysts. "The Tesla third quarter results reflect strong company-wide execution in many areas", said chief executive Elon Musk and chief financial officer Jason Wheeler in a statement .

Business

Trump leads poll a week ahead of US elections

Anthony Weiner's (D-N.Y.) laptop that may be "pertinent" to the investigation of Clinton's private email server. Almost every likely voter (95%) had heard about the letter. Trump over the weekend used the development to hammer relentlessly at Clinton as the campaign enters its final week. Now, almost six in ten view each candidate unfavorably.

Business

Fitbit's holiday-quarter sales forecast misses estimates, shares plunge

For the fourth quarter it expects revenue between $725 million and $750 million and adjusted EPS of 14 cents to 18 cents. In the final minutes of trading on Wednesday, shares hit $12.81, a fall of 69 percent in the last 12 months. " Fitbit's destiny isn't completely within their control". Yet, the overall market for wearable devices is experiencing turbulence. Sales in the United States comprised 72 percent of the company's third-quarter revenue (growing 33 percent), Europe accounted ...

Business

Meghan Markle Posts Cryptic Instagram Photos as Prince Harry Dating Rumors Fly

And sources said Meghan Markle "fitted in straight away". Meghan melted, Harry in love with her, the prince has already introduced Markle to his father. They're said to have a lot in common, including their love for philanthropy and animals. At this point, Meghan Markle and Prince Harry are not officially an item - at least not on social media and the public eye.

Business

Man pleads guilty to burying mom to keep retirement checks

Jacksonville man Brian Adams collected more than $35,000 in social security and pension payments meant for his mother after burying her in the backyard when she died of natural causes and impersonating her on bank documents for almost a year.

Business

US factory activity picks up in October

Britain's factory sector lost a little steam in October as a weaker pound boosted exports but also fuelled inflation pressures, according to a survey which underscored the impact on the economy of June's Brexit vote. "The euro-zone manufacturing sector made a positive start to the final quarter", said Rob Dobson, a senior economist at IHS Markit. Purchase price inflation rose to its highest level in nearly six years and to its fourth highest level as a result since the survey began in 1992.

Business

Game 7 Could Make A Legend Out Of Corey Kluber

It seemed especially insane because the Cubs were already fully stocked in the Shortstop department - but clearly, nabbing Addison was a top notch decision! There are such huge threads of luck that weave their way through baseball, as my colleague Ted Berg writes, that randomness is usually the best explanation.

Business

North has its own pipeline woes

The Dakota Access Pipeline (DAPL), if constructed, will deliver up to 570,000 gallons of light sweet crude oil 1,170 miles from the Bakken region of North Dakota through four states and down to Patoka, central IL, according to details provided by the Energy Transfer Crude Oil Company, the organization responsible for the project.

Business

South Africa court orders release of corruption report amid anti-Zuma protests

It details allegations that the Guptas may have influenced the appointment of cabinet members and received special treatment for a coal business linked to the family and Duduzane Zuma. "Having this report in black and white from a source like the public protector is the final straw in the curtailment of the Zuma era before his term ends in 2019".

Business

Dollar shakes off Clinton FBI scare, stocks stay spooked

The Mexican peso, which strengthens along with the chances for a Clinton win, remained weak, while the USA dollar edged up against other major currencies. GDP growth, which reinforced expectations of a Federal Reserve rate hike in December. Benchmark 10-year notes were up 4/32 in price to yield 1.83 percent, down from 1.85 percent late on Friday.Oil prices slid after non-OPEC producers made no specific commitment to join OPEC in limiting oil output to prop up prices, suggesting they want the ...

Business

Clinton supporters have 'difficulty respecting' Trump backers; are they 'deplorable?'

The attorney said Abedin has not been contacted by the Federal Bureau of Investigation about this, but that she'll continue to be forthcoming and cooperative. As Michigan's status as a battleground state grows, Democratic presidential candidate Hillary Clinton will return to Detroit on Friday to make sure voters make it to the polls on November 8.

Business

Comparing the US Federal Reserve's views on jobs and economy

Instead, the Fed may use the occasion to put the public on notice to expect a rate increase in December. The statement added that "inflation has increased somewhat since earlier this year" and removed its previous assertion that "inflation is expected to remain low in the near-term".

Business

FY2020 EPS Estimates for Eastman Chemical Co. Cut by Analyst (EMN)

The company is looking to reduce at least $100 million of costs by the end of 2016. Eastman Chemical Company has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.67 by $0.19. Eastman Chemical had a net margin of 9.53% and a return on equity of 23.96%.

Business

CNN head: Brazile's reported dealings with Clinton campaign 'disgusting'

As can be seen in the quotes above, Brazile adamantly denied that she had received questions in advance, although she seemed to qualify her statements by saying "from CNN ". "You had this question on March 12 that verbatim - verbatim was provided by Roland Martin to CNN the next day", Kelly said. A week earlier, she fed intel that a woman from Flint, Michigan, would ask at a debate about "what, if anything" Clinton would do to help the town deal with its lead poisoning crisis.

Business

Jerry Seinfeld Announces 2017 Australia Stand-up Tour

The tour wraps in Perth, Adelaide, Melbourne, Brisbane and Sydney, with tickets on sale on 14 November. It's the first time Seinfeld has toured Australia in almost 20 years - he last performed live in Sydney and Melbourne in June 1998. "I couldn't be more excited about seeing everyone there again", Seinfeld said in a press release. He also hosts the popular web series "Comedians in Cars Getting Coffee", now in its eighth season, which had President Obama as a guest.

Business

Investec Reaffirms "Buy" Rating for J D Wetherspoon plc (JDW)

The GBX 416.65 average target is -24.82% below today's (GBX 554.2) stock price. Finally, Citigroup Inc. boosted their target price on J D Wetherspoon plc from GBX 840 ($10.26) to GBX 980 ($11.96) and gave the company a "buy" rating in a research report on Tuesday, August 9th.

Business

Eurozone October Manufacturing PMI Confirmed At 33-Month High

The weakening of the pound, however, is proving a mixed blessing, the survey showed, as British manufacturers are also starting to feel the pinch of higher import prices. The employment index edged up to 52.9 from 49.7, while the new orders index came in at 52.1, down from 55.1 in September. As a result, purchase price inflation subsequently rose its highest level in nearly six years and to its fourth-highest level since the survey began in 1992.

Business

This is the new MacBook Pro with Touch Bar

Interestingly Apple has completely done away with standard USB ports on the new MacBook Pro deciding to stick four Thunderbolt 3 USB Type-C ports, any one of which can be used to charge the device. Professionally, Apple made an appeal to filmmakers, graphic artists, and musicians by demoing the Touch Bar's integration with popular programs like Final Cut Pro and Photoshop.

Business

Sempra Energy (SRE) Updates FY16 Earnings Guidance

San Diego-based Sempra Energy reported Wednesday third quarter earnings of $622 million, or $2.46 cents per diluted share - up from $248 million, or 99 cents per diluted share, during the third quarter of previous year. Also, Director William P. Rutledge sold 5,000 shares of the stock in a transaction on Monday, August 8th. The disclosure for this sale can be found here.

Business

A week away from presidential elections, Donald Trump needs a last-ditch surge

After discussing his social skills (and rocking your favorite flower crown filter) on Stephen Colbert , Obama is now back on Snapchat - this time, to declare his support for Democratic nominee Hillary Clinton. Both sides agree the NY businessman has virtually no chance to win the presidency without Florida's trove of 29 electoral votes. "She doesn't double down on lies - that obviously are lies because there's video", he said in Columbus in an apparent reference to some videos of Republican ...

Business

Two unsafe plane fires in one day

Footage from the scene showed passengers using emergency slides and frantically running away from the burning plane as black smoke billows from its side. In a separate statement , American Airlines said the fire was caused by an "engine-related issue". " American Airlines flight 569 from Los Angeles (LAX) to Toronto (YYZ), an Airbus 319 aircraft, diverted to Denver due to reports of an odor onboard".

Business

Asian shares, dollar rattled by US election uncertainty

Heavy selling also knocked the Mexican peso MXN=D2 , seen as the most vulnerable to a Trump presidency due to his pledge to build a wall along the US border with Mexico to prevent entry of illegal immigrants. In commodity markets, spot gold was firm at $1,298.00 an ounce, having hit its highest since October 4. As Clinton is viewed as the status quo candidate for markets, the news weighed on the dollar and nudged it away from highs hit on growing expectations that the US Federal Reserve will ...

Business

Obama Reacts to FBI Investigation: 'We Don't Operate On Innuendo'

In July, he noted, Comey had announced that he wouldn't seek charges against Clinton or her aides for using a private e-mail server for official business. The most recent poll was conducted between October 27 and November 1. They are both encouraging their supporters to vote - and vote early. The early voting means, any register voter can cast vote anytime before the Election Day.

Business

Federal Bureau of Investigation probe of private email server dogs Clinton in final week

Sign up to our daily newsletter for up to date global news and features. Pollster Gary Langer said it is a possible reflection of the renewed controversy over her use of a private server while secretary of state. Hillary Clinton's campaign has criticised the FBI's director over announcing it's reviewing more emails. Comey also reported that he believed White House officials attempted to force Attorney General John Ashcroft, who was hospitalized with pancreatitis, to sign the extension.

Business

Grassley wants more context for Federal Bureau of Investigation decision on Clinton emails

Discussing Friday's news that the FBI was continuing its inquiry into Clinton's emails, Colbert explained, "The FBI found the emails while investigating illicit messages sent to an underage girl by Clinton aide Huma Abedin's estranged husband and a odd guy, Anthony Weiner ".

Business

Final Marquette Law Poll released before election

Among Republicans, 86 percent of men versus 76 percent of women supported Trump. The Marquette poll shows that over the six days, 50 percent of voters said they were "bothered a lot" by Clinton's use of a private email server. Outside of the race for president, the poll revealed Wisconsin's senate race has tightened significantly. The law school poll released Nov. 2 will be the last and final Marquette poll released before election day, Tuesday, Nov.

Business

In Blue-Chip Wisconsin Poll, Hillary Leads Trump By Six

Meanwhile, the poll shows the race is virtually tied between Sen. Libertarian Gary Johnson is supported by 4 percent and Green Party candidate Jill Stein by 3 percent. This poll was conducted in part before and after the announcement of FBI Director James Comey that the bureau would look into additional emails found on a different computer.

Business

Hillary Clinton, Donald Trump tied in new poll

Clinton worked to ensure voters would not forget Trump's most damaging moments six days before the election. In Ft. Lauderdale, a young man who yelled, "She's a liar" was escorted out of the rally. Release the information on his connections to the Russians ", Mr Mook said on CNN . Trump campaign spokeswoman Hope Hicks said the server, which had been used to send out hotel marketing material, had been dormant for years.

Business

Alabama Pipeline Explosion Affecting Texas Drivers at the Pump

This photo provided by the Alabama Forestry Commission shows a fire caused by an explosion along the Colonial Pipeline in Shelby County, Ala., Monday, Oct. The Colonial Pipeline runs from Houston, Texas, through the southeast and north, terminating in Linden, New Jersey, collecting gasoline and distillates from refineries in the Houston and Lake Charles, Louisiana, areas.

Business

Wikileaks releases 26th bundle of Podesta emails

Podesta also wrote to Tanden airing his concerns on March 2, the day the story about Clinton's private email account broke. "Likely to get questions on State Department emails". But her private email exchange revealed that she and Podesta "have discussed how the press is psychotic a million times ". In one of Podesta's leaked e-mails, Podesta writes Kadzik "kept me out of jail ", possibly in reference to when he was Bill Clinton's chief-of-staff during the Monica Lewinsky scandal that ...

Business

Obama: Army Corps Examining Dakota Oil Pipeline Route

The president offered no condemnation of either side for what took place last week. He also stated that they would let the process "play out for several more weeks" to determine whether the pipeline could be constructed in a way that is "properly attentive to the traditions of the First Americans".

Business

Crude oil is tumbling after another OPEC meeting flop

Without a promise of lower oil production, the market may continue to find itself at painfully low prices. In the previous session it hit a one-month low at $47.72 before settling down on the day at $48.14. The statement said the representatives expressed concerns about a "persistent oversupply" of crude, suggesting those at the meeting were not anticipating much change.

Business

Hazelwood workers being briefed by French bosses on power station switch off

Ms King said the companies and governments need to invest in local health and community services including mental health providers to meet an expected spike in demand, and in training and new jobs opportunities for laid off workers in plant decommissioning and rehabilitation, renewable energy, energy efficiency and the booming health and social services sector.


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