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Business

SEC probes Wells Fargo, bank ups legal reserves fund

Tim Sloan was named as its new CEO. "We're going to put that to rest". Wells Fargo & Co.is in talks with a group of federal and state prosecutors examining potential abuses related to mortgages as it continues to grapple with investigations and public outrage from its sales-practices scandal.

Business

Tesla Doesn't Want You To Find The Solar Panels In This Picture

He also unveiled an updated version of Tesla's Powerwall, a compact, solar powered battery that can provide the energy to a home or business. As an exhibition, Tesla created model houses mounted with the Powerwall product on the wall and as well as a number of the new Tesla Solar Roof Tiles .

Business

Senate Candidates to Debate on WNEP2

McGinty is aligned with Democratic presidential nominee Hillary Clinton. They debated whose attacks were more dishonest, who has had to pull ads and who has been bought by outside interests."I'm not sure your respective answers have done much to eliminate distrust and distaste", Gardner said.I've heard both McGinty and Toomey speak eloquently and passionately about the issues.

Business

Molson Coors revenue declines amid weaker sales volume

The company posted revenue of $947.60 million in the period, compared to analysts expectations of $964.37 million. During the same quarter past year, the business earned $1.40 earnings per share. The last trading range of the stock ranges between $103.55 and $105.19. The average volume stands around 1.71 million shares. A number of Wall Street analysts recently commented on the stock.

Business

Exxon Mobil Corporation (NYSE:XOM) Earns Average Broker Rating Of Hold

Credit Agricole SA reissued a "buy" rating on shares of Exxon Mobil Corp .in a report on Tuesday, August 16th. On 11/2/2016, shares of Exxon Mobil Corporation (NYSE:XOM) fell -0.24% in trading session and finally closed at $83.45. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil Corp .'s payout ratio is 140.19%.

Business

What is the Fate of Cameco Corp. (NYSE:CCJ) After Earnings?

RBC Capital Markets reiterated an "outperform" rating and issued a $14.00 target price on shares of Cameco Corp.in a report on Tuesday. Some buy side analysts are also providing their Analysis on Cameco Corporation, where 1 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 2 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell.

Business

Bayliss: No quick fix for England

I was out there for a lot of it as well and I couldn't stop that ball. England skipper Alastair Cook admitted concern that his side's monumental collapse which handed Bangladesh victory in the second Test in Dhaka may have lasting consequences when they face the might of India next month.

Business

Analyst EPS Estimates Scan: Cypress Semiconductor Corporation (NASDAQ:CY)

Lattice Semiconductor Corp. has a 12-month low of $4.02 and a 12-month high of $7.07. (NASDAQ:TXN) surged 0.07% yesterday to close its trading session at $70.85. The moderate sell scores count is 0 while moderate buy calls are 4. Higher EPS estimate that can be reached in this quarter is determined at $0.14 and lower forecasted EPS is placed at $0.12.

Business

Trump campaigning in stretch like it all depends on Florida

Rep. Elijah Cummings (D-MD) questioned the integrity of the FBI after investigators have leaked information apparently aimed at damaging Hillary Clinton's campaign while protecting Donald Trump. Her campaign is underscoring that political reality with a stop in Arizona Wednesday, a state that has voted for Republican presidential candidates all but once since 1952.

Business

Obama: Controversial Dakota pipeline could be re-routed

President Obama said the USA government is looking for ways to reroute an oil pipeline in North Dakota to address concerns raised by Native American tribes. The panel borrowed $6 million from the bank in September and officials say that money already has been used to cover law enforcement costs. During development of the project, "there were multiple reroutes of the pipeline corridor for various reasons - cultural, environmental, landowner concerns - 140, 150 reroutes", he said.

Business

Malaysia Airlines Flight 370 - experts conclude wing flaps not configured for landing

The plane vanished from radar on March 8, 2014, en route to Beijing from Kuala Lumpur with 239 people on board and its search is the world's longest for a missing passenger jet. "It was probably in a non-extended position, which means the aircraft wasn't configured for a landing or a ditching", he told the media, explaining that wing flaps are extended when the aircraft is preparing for a landing to allow safe and slow descent.

Business

American Axle beats 3Q profit forecasts

Chief Executive David Dauch said the results, generally in line with expectations, reflected solid production volumes and performance from global manufacturing operations. American Axle shares have dropped 12 percent since the beginning of the year. The maker of auto parts posted revenue of $1.01 billion in the period, which did not meet Street forecasts.

Business

Gasoline pipeline fire still burning in Alabama

Mike Thornbrugh, spokesman for QuikTrip, said the damage and fix process at the pipeline are still unknown. Colonial has not indicated yet when the pipeline will be back online. Pat McCrory warned that the pipeline explosion could have a "tremendous" impact on the state. Dan McTeague, senior petroleum analyst with Gasbuddy.com, said the resulting disruption in the gasoline supply in the eastern US that could have widespread effects, even as far away as Alberta, Saskatchewan and B.C.

Business

Alabama scheduled to execute man in '82 murder-for-hire

Wicker's wife testified at one of Arthur's three trials that she paid Arthur $10,000 to kill her husband. That appeal challenged the state's death penalty sentencing law as unconstitutional, saying it is similar to Florida's former law that was struck down by the U.S.

Business

Britain's High Court deals blow to UK Brexit hopes

Should the judge rule that Parliament must be given a vote, the Prime Minister would be forced to grant MPs greater powers of scrutiny over the Brexit process. It is not about how anyone voted. The anti-EU party won 12.6 percent of the vote in the 2015 election and gained an worldwide platform this year with its role in securing the leave vote in the referendum.

Business

Here's What AT&T's Acquisition of Time Warner Means for Consumers

In a conference call with reporters, AT&T Chairman Randall Stephenson said that maintaining continuity of the top talent at Time Warner was a major factor in the desire to acquire the company. AT&T has pursued an aggressive expansion, paying nearly $50 billion to buy satellite television provider DirecTV in 2015. For example, he said AT&T might refuse to carry channels that could compete with Time Warner's networks.

Business

Noticeable Price Move: Tesla Motors, Inc. (NASDAQ:TSLA)

The California-based Blume Cap has invested 0% in Tesla Motors Inc (NASDAQ:TSLA). The mean price target for the stock is listed at $237.25. Tesla Motors, Inc .'s ( TSLA ) stock price ended its day with a loss of -3.51% and finalized at the value of $190.79.

Business

Pipeline company could face fines; protesters pepper-sprayed

The Standing Rock Sioux Tribe on Wednesday welcomed President Obama's hint at rerouting the Dakota Access Pipeline they say threatens their land. Despite promises by Energy Transfer Partners, the company building the pipeline, that it will employ technology to limit the possibility of leaks, activists opposing the pipeline argue that any oil that escapes from the pipeline would contaminate Standing Rock's main water source, Lake Oahe.

Business

AT&T and Time Warner defend pairing as shares fall

The biggest deal of the year, announced just over two weeks before the November 8 USA election, is a gamble on a victory for Democratic presidential candidate Hillary Clinton and a continuation of the status quo on anti-trust and regulatory enforcement.

Business

Korea prosecutors seek arrest of friend of President Park

The Democratic Party of Korea criticized Park for not consulting the opposition for her pick, saying on its website that it does not approve of her nominations. An is said to have told prosecutors during questioning on Wednesday that the Mi-R and K-Sports foundations were created on the direct order of President Park and that he had reported to her details of their management, including the donations, according to the JoongAng Ilbo .

Business

Initiates Coverage on Noble Midstream Partners LP (NBLX)

Increased volatility should be expected heading into and immediately after the Shell Midstream Partners, L.P. (NYSE:SHLX) earnings report. It has outperformed by 59.06% the S&P500. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines.

Business

Bank of England leaves rates unchanged after solid UK data

The Bank of England has abandoned plans for further cuts to interest rates as it conceded the economy had stood up to the shock of June's Brexit vote without the sharp slowdown Mark Carney and fellow policymakers had predicted. The Bank's growth forecast in 2018 is 1.5 per cent, down from 1.8 per cent in August. The BoE said the impact of sterling's fall on inflation "will prove temporary, and attempting to offset it fully with tighter monetary policy would be excessively costly".

Business

Watchdog launches action against Sir Philip Green over BHS collapse

Field said he is "glad the Pensions Regulator is now calling Sir Philip Green's bluff and instigating enforcement proceedings". If parties wish to approach us with settlement offers, that course remains open to them. In a debate last month, he was labelled a "billionaire spiv" and compared to Napoleon as MPs lined up to criticise his role in the retail chain's demise.

Business

Qualcomm reports better-than-expected quarterly revenue

Today analysts at Mizuho Securities downgraded NXP Semiconductors NV's (NASDAQ:NXPI) shares to "Neutral" in a report released to investors. The stock has relative volume of 1.46. Over the 52-week time span, the stock notched a high price of $107.54 and its minimum price was $61.61. Analysts, on average, are predicting $4.78 in earnings per share on $23.74 billion in sales next year.

Business

Elon Musk's new frontier - the suburban roof

The roof tiles themselves are made from glass and are created to cover the most common type of solar cell, essentially allowing light to pass through them. Musk serves as chairman of SolarCity , and works with his cousins who run SolarCity , CEO Lyndon Rive and technology chief Peter Rive. "And perhaps more impressively, they look much, much better", Stevens wrote.

Business

Oil continues to fall as United States stockpiles unexpectedly grow

United States energy stocks declined sharply Wednesday, contributing to another down session for the S&P 500 Index. Due to the shutdown during the previous week of the 850,000-barrel per day Seaway Pipeline that connects between the U.S. Both benchmarks were at their lowest since September 28. Oil prices fell for a fourth straight day on Wednesday, hitting five-week lows , as jittery investors awaited US government data on crude stockpiles after a stunning build reported by a trade ...

Business

United Kingdom court: Gov't can't trigger European Union exit without Parliament

Financial entrepreneur Gina Miller, a lead claimant in the case, said the result "is about all of us". Either way, the ruling is expected to deliver no immediate change; it will likely be appealed to the U.K.'s supreme court. "And the government is determined to respect the result of the referendum", it said. "One scenario that Moody's considers to be realistic is a series of accords offering access to the European Union market for goods and more constrained access for services, in ...

Business

Nintendo's Next Console Switch Is Also a Tablet

The Nintendo Switch is scheduled to launch in March 2017 but Nintendo is still keeping its price and specs under wraps. On Thursday the company unveiled its next device - a hybrid that can be played at home and on the go. It looks like when the Nintendo Switch was announced the wrong games were revealed. "The dock is not the main console unit of Nintendo Switch ", Nintendo confirmed during an interview with IGN .

Business

Credit Suisse: 3Q profit drops, cites 'challenging' market

Like many European investment banks, Credit Suisse has had to rethink its business model in an environment of low interest rates, low economic growth and increased regulation. While the shares have pared some losses since July, when they reached a record low of 9.76 francs, they're still down 48 per cent since Thiam replaced Brady Dougan in July 2015.

Business

Samsung Electronics Q3 operating profit plunges 30 percent year-on-year

The Samsung scion is facing an urgent task to overcome the company's biggest crisis ever that was triggered by scores of reports about Galaxy Note 7 smartphones heating up and catching fire. At least the company is still in the black, predictions are that cleaning up the Galaxy Note 7 mess will cost Samsung billions. The company's mobile division contributed only $87.9 million in income for the quarter, a much smaller proportion of overall income than usual.

Business

Police ordered to arrest Dakota pipeline protesters and destroy bridge they built

In an interview with NowThis , Obama addressed concerns from Native Americans that the pipeline cuts too close to tribal lands in North Dakota. The Standing Rock Nation is protesting the pipeline's route due to the potential threats it poses to drinking water supplies and sacred sites.

Business

LinkedIn, Glassdoor add tools to compare pay

This was a weaker area for LinkedIn, because it didn't have any tools to help its 467 million members research this type of information. In exchange, they were given insight into what peers in their fields are making. Members' salary information is encrypted and remains private, he said, noting that LinkedIn is comparing its findings with data from the Bureau of Labor Statistics to ensure its accuracy.

Business

Fitbit shares sink on dismal holiday-quarter forecast

Fitbit shares fell by as much as 30% in after-hours trading Wednesday after the company cut its full-year forecast ahead of an anticipated slowdown in growth. " Fitbit's destiny isn't completely within their control". Fitbit didn't offer guidance for the fourth quarter following its second-quarter report three months ago, but since it did put out an outlook for the third quarter and all of 2016, you don't need a math degree to figure this one out.

Business

Federal Reserve: No Pre-Election Rate Hike

After the Fed decision, U.S. stocks extended earlier losses and 10-year Treasury yields fell as they anxious about the chances of Donald Trump becoming President next week. But if new policies from Washington add or subtract from US GDP it might be wiser counsel to hold off a few months more and allow for the new administration to be sworn in, for the inauguration on January 20 to take place, and to see how Congress will greet the new incumbent in the White House, before acting on rates.

Business

Air France creating lower cost airline to better compete

Air France also runs low cost airlines Hop! and Transavia. Air France-KLM said the new airline would focus on flights to Asia though could later fly planes across the Atlantic. For 2016 the Group said its guidance for operating free cash flow generation after disposals is narrowed to between 0.6 billion euros and 0.8 billion euros.


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