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Business

AT&T To Buy Time Warner In $85.4 Billion Cash, Stock Deal

It brings together Time Warner's content brands including HBO, CNN, Turner Broadcasting and of course the Warner Bros Hollywood studio with the telephone company that as owner of DirecTV already holds the world's largest pay-TV subscriber base.

Business

Clinton still ahead of Trump in swing-state Virginia

Clinton's down one point, while Trump's up more than three. In less than a week, America will have its next president-you know, assuming nothing insane happens. Clinton has been battling to maintain her lead in the polls nationally and in Florida ever since FBI Director James Comey sent a letter to Congressional leaders October 28 about the discovery of new emails related to its investigation into her use of a private server.

Business

What do Analysts Say about: Western Refining, Inc. (NYSE:WNR)

BlackRock Investment Management LLC now owns 479,968 shares of the company's stock worth $9,902,000 after buying an additional 70,734 shares in the last quarter. 07/14/2016 - Goldman Sachs began new coverage on Western Refining, Inc. giving the company a "neutral" rating. (NYSE:WNR) for 250,000 shares. Cumberland holds 0.01% or 580 shares in its portfolio.

Business

Economy Watch: November Kicks Off with No Interest Rate Hike

After the Fed decision, USA stocks extended earlier losses and 10-year Treasury yields fell as they anxious about the chances of Donald Trump becoming President next week. Yellen's go-slow approach to rate increases may mean one move this year and then one, or at most two, increases in 2017. Analysts noted that whether the Fed raised rates this week or not until mid-December would make little economic difference.

Business

Fed resumes policy meeting, expected to hold rates steady

Could anything cause the Fed to put off a rate hike even in December? Still, given the Fed are not a political organisation, it would mean the markets and overall financial conditions would push them to keep rates on hold. Canaccord Genuity's equity strategist upgraded his outlook for USA equities to Positive from Neutral. Though this remains some way off from the 2% target, it is in line with the Fed's expectations.

Business

Diplomat Pharmacy Inc. (DPLO) Price Target Cut to $17.00

Diplomat Pharmacy Inc (NYSE:DPLO) shares plummeted almost 40 percent this morning after the company announced disappointing financial results for the third quarter. Diplomat Pharmacy had a return on equity of 11.57% and a net margin of 1.08%. Q3 revenue increased 25% to $1.18 billion year-over-year, but trailed the analyst consensus of $1.26 billion.

Business

Brexit legal challenge: Pound rises against the euro following High Court ruling

David Greene, lawyer for hairdresser Deir Santos, said the government must accept the "the constitutional reality that Parliament must have early involvement in the process". Kerr, who the BBC said was advising the Scottish government, said that Article 50 was "not irrevocable". If ministers alone triggered Brexit they would be undermining the sovereignty of parliament, it was argued.

Business

Gundy wins 100th as Cowboys upset West Virginia

In fact, they have had at least one in every conference game so far this season. This makes quarterbacks think more about where the fourth man is coming from, and anything that makes the quarterback hesitate even a millisecond can disrupt an up-tempo offense that relies on timing and rhythm.

Business

UK Government can not trigger Brexit without Parliament approval, says High Court

But the case is challenging her right to use "historic prerogative powers" - a type of executive privilege - to trigger notification of Article 50 of the EU's Lisbon Treaty, setting off a two-year countdown to Brexit. "It's a very strong judgment". The court's decision stunned British political and legal observers - just as the referendum outcome also defied the predictions that voters would favor staying in the European Union family.

Business

Obama criticises Federal Bureau of Investigation boss for operating on 'leaks' and 'innuendo'

Whenever Clinton, who had an aversion to even basic computer technology, wanted to read something, she'd ask Abedin to print it out - repeatedly, according to the Clinton emails that have already been released by the State Department. During an organizing event in Daytona Beach, she lashed out at Comey's "unprecedented" and "deeply troubling" actions. Speaking to energized gay and lesbian supporters at a Fort Lauderdale nightclub, she vowed she wouldn't be "knocked off course" by ...

Business

Fed hints at upcoming rate hike

Analysts also noted that whether the Fed raised rates this week or not until mid-December would make little economic difference. We expect the FOMC to leave the federal funds rate target range unchanged at 0.25- 0.50% at the conclusion of the 1-2 November FOMC policy meeting.

Business

Marc Garneau says Ottawa will require video and voice recorders on trains

Currently, foreign investment is capped at 25 per cent. Minister of Transport Marc Garneau stands during question period in the House of Commons on Parliament Hill in Ottawa on Monday, Oct. Garneau said in the coming months, the Liberals will establish minimum requirements so Canadians know their rights, and when they can be compensated.

Business

Baker Hughes Inc. (BHI) Rating Reiterated by Raymond James Financial Inc

Goldman Sachs maintained Baker Hughes Incorporated (NYSE:BHI) on Monday, May 9 with "Neutral" rating. Out of 25 analysts covering Baker Hughes Incorporated (NYSE:BHI), 16 rate it a "Buy", 0 "Sell", while 9 "Hold". Chadwick C. Deaton is one of the biggest insider owners in Baker Hughes Incorporated (NYSE:BHI), according to U.S. Securities and Exchange Commission (SEC) filings.

Business

Tata Sons former boss says group could see $18 bln in writedowns

Mistry, who was chosen by Ratan Tata himself as his successor in December 2012, has publicly reacted to his sacking by saying he was "shocked beyond words", describing the board proceedings as invalid and illegal. "The letter is to emphasise the total lack of corporate governance and a failure of the directors to discharge their fiduciary duty to stakeholders of Tata Sons and the group companies", Mistry said.

Business

The reporter tackled by horse owner after Melbourne Cup thriller

Almandin overcame a potent worldwide challenge to beat the Irish stayer Heartbreak City with favourite Hartnell taking the minor placing. "From every perspective, Hartnell's run a blinder", Ferguson said . McEvoy admitted, "I'm looking forward to a beer after the last race". "He left me with a blank canvas and I went out with a few scenarios in my head [about] how I wanted it to play out and I was pretty much able to carry that out to the letter really".

Business

Mark Carney to remain Bank of England governor until 2019

He said: "I would be honoured to extend my time of service as Governor for an additional year to the end of June 2019". Ms Brooks said that while the uncertainty caused by Brexit makes it very hard to forecast Britain's economic health in three years' time, "Carney may still leave the Bank of England at a delicate time for the United Kingdom economy, as the Government tries to navigate a smooth exit from the EU".

Business

Esperon: PH, China reach 'friendly' understanding on Scarborough

Esperon also maintained that despite the development, the Philippines is not surrendering its sovereignty over the area to China, which was invoking its "historical rights" to assert its claim. "Now that there's no resolution, why allow yourselves to be in that confrontational position when you can talk about economic relations, trade relations?" In short, he explained, the Philippines and China have reached what may be characterized as a "friendly" understanding allowing Filipinos to fish ...

Business

Loeb Partners Corp Lowers stake in Noble Energy (NBL)

Company shares tend to trend with the market, their sector and industry peers. The stock has a 50 day moving average of $35.01 and a 200 day moving average of $35.39. Taking a look into the performance of M stock, investor will come to know that the weekly performance for this stock is valued at -0.41%, resulting in a performance for the month at -1.51%.

Business

Donald Trump seen as 'MORE honest' than Hillary Clinton - new poll

Trump's message is reaching voters and we are expanding the map", Brad Parscale, the Trump campaign's digital director said in a statement accompanying the announcement. Florida will have a crucial role in what the United States decides. The FBI opened a preliminary inquiry into allegations that Mr Trump or his associates might have had questionable dealings with Russian individuals or businesses, but found no evidence to warrant opening a full investigation, according to sources ...

Business

Samsung to invest over a $1 billion in USA chip production

Although $1 billion is a hefty amount for any company, it represents just a fraction of Samsung's total investments for 2016. Meanwhile, Samsung discontinued production and sales of its flagship Galaxy Note 7 because of battery-cell and explosion problems, which led to the devices overheating and catching fire in different cases across the world.

Business

1500 minors to be evacuated from Calais Jungle camp

According to French radio Franceinfo, the first bus with 43 minors left the area at around 8:30 a.m. local time (07:30 GMT) and the second one followed it in a short time. "I don't like to stay in this country". "But I'm glad to be leaving the Jungle anyway". "We will do the same operation as Calais and welcome them to the reception centers".

Business

Price Drop Possible But No Across-The-Board Free Calls: Airtel

Sunil Bharti Mittal, who heads Airtel's parent company, told a newspaper that Jio's tariff plans reeked of "predatory pricing" since it would entail charging the consumer less than the 14 paise a minute an operator pays for interconnection.

Business

Adeptus Health, (NYSE:ADPT), AK Steel Holding Corporation, (NYSE:AKS)

The Short Ratio for the stock is 15.61. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. Higher EPS estimate is noted at $1.09 while lowest EPS estimate among analysts is targeted at $0.68. Can increased its position in Adeptus Health by 26.9% in the third quarter.

Business

ICICI Bank Slashes Home Loan Rate, Launches Overdraft On Home Loans

For women borrowers (loan up to Rs 75 lakh), the revised rate is 9.15 per cent against 9.30 per cent per annum earlier. In a bid to grab market share, SBI is offering lower rates on takeover of loans. Earlier, loans were priced in relation to the older benchmark - the base rate. But once a customer avails of a loan, he is locked into the MCLR for a year.

Business

Pochettino "embarrassed" by Wembley defeat

Pochettino's men - without a win in six matches in all competitions - drop to third in Group E, two points behind Leverkusen and four adrift of Monaco. Again, we have the possession, but we need to create and score. "We are very disappointed and we can not show the performance that we have in recent weeks and that is the problem".

Business

Obama: Army Corps Examining Possible Rerouting Of Dakota Access Pipeline

Although protesters have set up camp at the Standing Rock Sioux Reservation since April, tensions between them and the police have escalated in the past week. Consultants for the pipeline company determined there was "a low likelihood" for buried artifacts but recommended avoiding the site. Obama did not say if or how he was willing to intervene further, but did indicate the Army Corps of Engineers, which controls easement rights where the pipeline would go beneath the Missouri River, is now ...

Business

SolarCity could be 'cash contributor' to Tesla, says Musk

Apart from an increase in sales - Tesla sold a record 24,821 units of Model S and Model X - another area that contributed to the healthy rise in profits include the $139 million worth of zero-emission vehicle credits that the automaker sold during the period, the Wall Street Journal stated.

Business

Wall St. set to slip amid election uncertainty

ET. The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the USA election, but signalled it could hike in December as the economy gathers momentum and inflation picks up. That's because the US economy is improving enough to allow interest rates to rise soon to more normal levels. The Commerce Department said Friday the economy grew at a 2.9% annual rate in the third quarter, up from 1.4% in the second quarter.

Business

Retail Properties of America Inc. (RPAI) Updates FY16 Earnings Guidance

The firm has a 50 day moving average price of $16.16 and a 200 day moving average price of $16.52. Boenning Scattergood upgraded shares of Retail Properties of America from a "neutral" rating to an "outperform" rating and set a $19.00 price objective on the stock in a research report on Monday, October 3rd.

Business

United Kingdom manufacturing expands, aided by pound weakness

Last year, China cancelled construction projects worth $17.6 billion citing environmental protection and the fight against corruption. The manufacturing sector is showing positive prospects for output in the coming months, but there is also an increase in negative expectations for orders and demand in the short-term future.

Business

Teekay Tankers Ltd. (TNK) Releases Earnings Results, Misses Expectations By $-0.04 EPS

In addition, Teekay Corporation will offer to Teekay Tankers Ltd . within eighteen months of the initial public offering the opportunity to purchase up to four Suezmax-class oil tankers. Teekay Corp. had a negative net margin of 3.96% and a positive return on equity of 0.74%. The analysts' present consensus range is $0.05-$0.6 for EPS.

Business

Chicago's World Series hero Russell a Filipino-American

In fact the last time the side even made it to the World Series was 1945, whereupon a odd curse was bestowed upon the side. Cleveland was trying to win its first crown since 1948, but manager Terry Francona's club lost the last two games at home.

Business

Lindt Cafe Gunman's Former Girlfriend Found Guilty Of Murder

Monis had been charged over the death before he was killed by police in a siege in the Lindt Cafe on Market Place in the Sydney CBD in 2014. Amirah Droudis was one of the many women Man Haron Monis had intimate relationships with. The court heard that even in the months before his ex-wife was murdered at his bidding, Monis made attempts to try to reconcile his relationship with her but was rejected.

Business

Apple sales and profits dip; remains hopeful for current quarter

Apple recorded $8.79 billion in revenue in China in the latest quarter. However, revenue of $46.9bn was down by almost 9% compared with the same period a year ago, while profit was down almost 19% to $9bn. The holiday quarter is crucial for Apple as its sales have been declining for the past several quarters. 2 analyst has rated the stock with a sell rating, 3 have assigned a hold rating, 3 says it's a buy and 25 have assigned a strong buy rating to the company.

Business

Trudeau signs European Union free-trade deal

On Monday, when a reporter asked what he was dressing as for Halloween, Trudeau responded: "A prime minister who's very happy that we signed a major trade deal yesterday". For Canada, the deal is important to reduce its reliance on the neighbouring United States as an export market. "Irish beef farmers are under enormous pressure and the implementation of CETA will further undermine their viability".


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