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Business

Adidas overcomes currency moves to post solid Q3 profit rise

Adidas saw strong results from its Originals and neo product lines as well as from running gear. On a currency neutral basis, sales growth was at 17 percent, slowing from 21 percent in the second quarter. "I am extremely happy to be the chief executive of a company that is doing so well", he said. Both Nike and Under Armour Inc have reported slowing sales in the region.

Business

Ford sales fall in October, bringing US industry sales down

GM reported that it's getting strong prices for its vehicles; its average sale price of $43,988 was a record for October. Ford Motor Company (NYSE:F) now has P/E (Price to Earnings) ratio of 5.83 while the company's industry has 22.07 P/E and the sector P/E is 27.96.

Business

Hillary Clinton slams FBI's handling of email probe

Almost every organization sees a viable path for Clinton to reach the 270 Electoral Votes needed to win, Trump ranges somewhere between 170-190. As Democratic leaders blasted Comey, Clinton continued her drumbeat of accusations about Trump's coziness with Russia, demanding that he fully disclose his ties with the Kremlin and "Russian oligarchs".

Business

United Kingdom service sector growth accelerates in October beats market expectations

Growth in the United Kingdom's service sector accelerated during the month of October, beating market expectations; however, it remained well above the 50-point no-change threshold for the third consecutive month in a row, indicating a continued recovery in growth following a contraction in July linked to the European Union referendum.

Business

Cubs rout Indians 9-3 to force Game 7

The right-hander took a no-hitter into the sixth inning of Game 2, which the Cubs won at Progressive Field. "It's fitting it's got to be done with one of the best games of all time". It was right there for them. CLEVELAND - The Cleveland Indians cashed in on Chicago Cubs mistakes and plated a pair of runs in the bottom of the fifth inning, which cut the deficit down to two, 5-3, with three more at-bats.

Business

Cubs fans from across the world come to Chicago

These franchises have not won a World Series title for a combined total of an wonderful 176 years , but that drought will only come to an end for one of them tonight. Chapman's fatigue showed as he struggled through the inning. He was on the verge of finishing the frame when Rajai Davis hit a game-tying, two-run home run.

Business

Egypt devalues, floats its currency, meeting key IMF demand

Following today's announcement, the dollar was trading on official markets at between 13.5 and 14 Egyptian pounds, according to several banks contacted by AFP. The Dubai analyst, however, said that some foreign investors were likely to remain cautious about putting money into Egypt for now until they saw how well Egyptian authorities managed the float, and because of uncertainties overhanging emerging markets such as the U.S.

Business

Most Recent analysts Ratings: QUALCOMM Incorporated (NASDAQ:QCOM)

Similarly, the company has Return on Assets of 10.2 percent, Return on Equity of 17 percent and Return on Investment of 10.3 Percent. Qualcomm's revenue was up 68.2% on a year-over-year basis. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . The price/earnings ratio (P/E) is 20.04 and the forward P/E ratio stands at 14.50.

Business

Macau casino SJM posts 22.4 pct fall in 9-month profit

While Macau, the only place in China where casinos are legal, has registered three months of growth in gambling revenue after more than a two-year slump, sales at the company's new resort, the Wynn Palace , were $164.6 million, missing the $206 million projected by Deutsche Bank AG analyst Carlo Santarelli.

Business

Latest Analyst Ratings For Cabot Microelectronics Corporation (NASDAQ:CCMP)

Cabot Oil & Gas Corporation was downgraded to "hold" by analysts at SunTrust. (NYSE:CBL) announced results for the third quarter ended September 30, 2016. This appreciation has taken its market valuation to 9.42B. Credit Agricole S A boosted its position in Cabot Oil & Gas Corp.by 12.7% in the first quarter.

Business

Morrisons reports fourth consecutive quarter of sales growth

Morrisons cut its prices by 1% overall during the quarter - and introduced "The Best" premium range with hundreds of products. Total sales excluding fuel were down 1.2 per cent (up 1.1 per cent including fuel), reflecting the continuing impact of supermarket closures and the exit of M Local.

Business

Johnson Controls automotive seating unit officially becomes Adient

Kcg Inc accumulated 5,495 shares or 0.01% of the stock. FT reports, The 32 analysts offering 12 month price targets for Coach Inc have a median target of 44.00, with a high estimate of 54.00 and a low estimate of 31.00. Adient plc has made statements in this document that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and therefore subject to risk and uncertainties, including statements regarding Adient's ...

Business

Typical home now six times average salary - highest since 2008

In the year to the end of October, prices went up by 4.6%, down from 5.3% in September. He added: "Although annual house price growth has slowed as demand remains subdued, house price inflation has still significantly outpaced wage growth in recent years".

Business

GST Council meet : Will the rate be fixed at 18% after all?

The meeting beginning tomorrow will have to sort out the issues concerning tax rate to enable Parliament to approve the Central GST (CGST) and Integrated GST (IGST) legislations in the winter session beginning November 16 and pave way for roll out of the new tax regime from April next year.

Business

Amid Email Focus, Obama Says He Has 'Absolute Confidence' In Clinton's Integrity

But it illustrates the continued closeness of the race in terms of national vote share. Republican Donald Trump seized on the revelation, which indicated no wrongdoing on Clinton's part, intensifying his criticism of a rival he has long dubbed "Crooked Hillary" and welcoming a slight improvement for him in a new ABC/Washington Post poll on Tuesday.

Business

Florida Disaster for Trump as 28% Early Voting Republicans Vote for Clinton

Federal Bureau of Investigation director James Comey announced that up to 650,000 new email messages have been found that could be connected to Mrs Clinton's use of a private email server. Anthony Weiner and his estranged wife, top Clinton aide Huma Abedin, in the course of unrelated investigation of the disgraced ex-congressman. White House deputy press secretary Eric Schultz said Wednesday that Obama wasn't trying to criticize Comey in the interivew.

Business

Analysts Give Starbucks Corporation (NASDAQ:SBUX) a $64.812 As The Price Target

Note the stock price at publication ($52.83), since the technical rating is based on intraday stock prices. 18 number of analysts have estimated the sales of the company for the quarter ending Jan 26, 2017, analysts estimated mean sale target of 5487.11 million while high and low sale targets are estimated at 5571.9 million and 5410 million respectively.

Business

French manufacturing activity highest in 2-1/2 yrs in Oct -PMI

A reading of anything beyond 50 in this gauge of manufacturing performance indicates expansion. "Greece's manufacturing sector took another hit in October", said IHS Markit economist Samuel Agass. Survey participants reported higher prices across a wide range of goods but particularly highlighted steel, plastics and petrol. Companies passed on to clients part of these higher cost burdens by raising their prices.

Business

Gigi Hadid: Not 'Thin' Enough?

Though Tommy Hilfiger himself hails Hadid as the "all-American girl next door with an exotic twist to her look", he admitted that a colleague didn't believe in the 21-year-old and opted to cover her body in a loose-fitting number instead to cover her curves.

Business

My removal is unparalleled in corporate history: Mistry

The contents of the mail, which have not been made public, reportedly accuses the board of not giving Cyrus a chance to defend himself. "Cyrus (Mistry) has not filed any caveats". In what could be the first move in a long-drawn tussle, the Tata Group has also filed a caveat against any legal action that Mistry might initiate against his removal.

Business

4 reasons why the Fed likely won't raise rates

Federal Reserve will conclude a two-day meeting of its own on Wednesday. With inflation still running below the Fed's 2 percent target, many Fed officials have said they think they have room to continue pursuing an extremely gradual approach to rate increases.

Business

New standoff in protest over Dakota pipeline

For the Standing Rock Sioux, it's as much about their heritage as it is the environment. "Now, all of the parties involved-including the federal government, the pipeline company and contractors, the state of North Dakota, and the tribes-need to find a path forward that serves the broadest public interest".

Business

Suspect in Des Moines killing of policemen detained

The Urbandale officer was dead on the scene and the Des Moines officer died at the hospital. Police in Iowa have moved very quickly to identify and arrest a suspect in the horrific double murder of police officers, what appears to be an ambush-style attack.

Business

Amid Political Turmoil, ACA Open Enrollment Set to Begin

So they the best step going forward is reaching out to a health insurance agent. "That's an area we didn't do almost enough on", Bingaman said. It's probably no surprise that health insurance premiums are rising and the number of health insurers offering marketplace plans is falling.

Business

Tony Blair's call to mobilise against Brexit sparks mixed response

The ONS said there was little evidence of a "pronounced" impact on the economy in the immediate fallout of the European Union referendum result. Manufacturing was also down 1%, while production fell 0.4% and agriculture slipped 0.7% in the third quarter.

Business

Trump tells early voters to recall their ballots

He says none of this year's candidates - including Libertarian Party nominee Gary Johnson and Green Party nominee Jill Stein, in addition to Donald Trump and Clinton - has talked much about the issues he feels strongly about, such as ending private prisons, legalizing marijuana and moving toward renewable energy.

Business

Tesla's New Solar Roof Looks Just Like Tiles

The reasons why Tesla / SolarCity might succeed where others had not been able to make much headway was that they had direct sales efforts where they operated and handled everything right up to installation. On the slightly artificial suburban neighborhood set the company had replaced the roof shingles of several houses with a new type of solar roof cell, one that mimics the appearance of different types of common roof shingles.

Business

United Kingdom manufacturing sector remains solid but import costs rise

The Markit/CIPS UK Construction Purchasing Managers' Index (PMI ) rose slightly to 52.6 in the 10th month of the year - it's highest level since March and up from 52.3 in September. The country's manufacturing PMI has grown to 54.4 in October as against 52.1 in September, IHS Markit said in a press release on Tuesday. Import prices showed one of the steepest rises in purchasing costs in the near 25-year history of the survey .

Business

Iowa Cop Killing Suspect Had Encounter With Officers 2 Weeks Before Shootings

The Des Moines officer, later identified as Bemino, was shot about 20 minutes later some 2 miles away while responding to the report of Martin's shooting. Police say they have identified a suspect in the early morning killing of two Des Moines area police officers, warning he is likely armed and should be considered risky.

Business

Early voting steady, absentee ballots up

El Paso County voters have returned 92,789 ballots, the fourth-highest county total behind Jefferson (112,345), Denver (99,125) and Arapahoe counties (97,451). This year the 3-day mark is a Friday that happens to be Veterans Day, so the ballot has until Monday to arrive. These requests may be made directly to the local voter registration offices or via the Department of Elections Citizen Portal at vote.virginia.gov.

Business

Fed Holds Rate Steady, Sets Stage For Dec. Hike

The Fed decided not to raise the bank's key interest rate at the end of a two-day meeting on Wednesday. Most Fed watchers expect a rate increase at the central bank's next meeting in mid-December - a step that would likely lead to some higher loan rates for consumers and businesses.

Business

Tatas rush to SC, HC fearing retaliation by Cyrus Mistry

He said that the role of interim chairman is to ensure continuity and stability and to avert a vacuum. He also disclosed that Tata's nano project was a burden on company and only emotional reasons have kept it from closing the project. In an apparent statement to Tata Group employees Cyrus Mistry has denied reports of him suing Tata Sons for his sudden dismissal from the group. Tata Steel, Tata Coffee, Voltas, Tata Chemicals, India Hotels, Tata Communications and Tata Global Beverages ...

Business

Fed holds rates steady, sets stage for December hike

Just two months ago, Rosengren dissented along with fellow members Esther George and Loretta Mester , voting against the majority and in favor of letting rates rise. "In the midst of an election, the last thing the Fed wants to do is add fuel to all the political controversy from the candidates", said Sung Won Sohn, an economics professor at California State University, Channel Islands.

Business

Cubs win World Series

Thanks to a 9-3 victory by the never say die Cubbies in Game 6 at Progressive Field, the world has been given one of the greatest gifts for any and all sports fans alike, a Game 7 . Maddon had spoken to Chapman before the game about his potential usage, just as he had spoken to Chapman before Sunday's Game 5 in Chicago when Chapman got the final eight outs and extended the Cubs' season.

Business

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 ...


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