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Senate summons wrong company to AT&T-Time Warner hearing

Sanders is warning that the proposed deal could lead to a wave of mergers in an already concentrated media industry. While investors are betting Time Warner shares won't climb above their current levels because of this risk, there is also reason to believe they won't fall much during the review process.

Business

Athanasiou lifts Red Wings to shootout win over Flyers

One of the fastest skaters in franchise history demonstrated, again, a considerable set of hands, leading the Red Wings to a 3-2 shootout victory Tuesday, their first win in Philadelphia in 19 years. The game was also marked by a one-punch knockout by Wayne Simmonds against Detroit defenseman Jonathan Ericsson in an early second period fight. Well, after 14 games, the wait continues.

Business

Markets in free fall as Trump moves into lead

At one point overnight, the peso was down as much as 11% versus the US dollar, hitting an all-time low. Financial markets consider a Trump presidency a global risk. The peso has become a touchstone for sentiment on the election as Trump's trade policies are seen as damaging to its export-heavy economy. But the story was very different against the safe-haven yen, with the dollar shedding 3 percent to 102.02 yen .

Business

RBI issues new series of Rs 500, Rs 2000 notes

RBI deputy governor R. Gandhi said that special arrangements would be made by banks to allow people to exchange their old notes. Banks and post office are currently closed on November 9 to allow stocking of smaller currency notes and public will be allowed to tender their now invalid Rs 500 and Rs 1000 from November 10.

Business

Fed Holds Rates Unchanged and Signals Possible December Hike

Looking at the good and the bad, the Fed concluded "near-term risks to the economic outlook appear roughly balanced". "Trump's victory could lead to volatility, flight to safety and selloffs in stocks", said Soeren Moerch, head of fixed-income trading at Danske Bank A/S in Copenhagen.

Business

Dollar, Mexican peso, stocks tumble as Trump takes election lead

Trump has talked about renegotiating or even ending NAFTA, the free trade deal between the U.S., Mexico and Canada. Trump has pledged to clamp down on immigration to the USA and renegotiate free-trade agreements with countries including Mexico.

Business

The Best Options Trade for Nvidia (NVDA) Earnings

The reported earnings topped the analyst's consensus by $0.03 with the surprise factor around 8.10%. The firm earned $1.43 billion during the quarter, compared to analysts' expectations of $1.35 billion. now owns 3,256,177 shares of the computer hardware maker's stock worth $153,075,000 after buying an additional 1,570,339 shares during the period. Atlantic Trust Group LLC raised its position in shares of Nvidia Corp.by 0.3% in the second quarter.

Business

New Hampshire Still Too Close to call

Independent Aaron Day and Libertarian Brian Chabot each received about 2 percent. Maggie Hassan took top billing as one of half a dozen contests around the country that will help determine which party controls the Senate next year. Van Ostern has worked in political campaigns and marketing, most recently for Southern New Hampshire University's College for America. Democrats believed they could wrench the majority away from Republicans because the GOP had so many more seats to defend this ...

Business

Markets plummet at shock possibility of Trump presidency

You have now viewed your allowance of free articles. Futures on the Dow on Wall Street plunged nearly three percent. The Mexican peso, which had previously surged after polls suggested Mrs Clinton was heading to victory, fell by as much as eight per cent in trading on Asian markets based on sentiment that a Trump victory would be bad news for America's southern neighbour.

Business

Stocks hold gain as Japan swings amid United States vote countdown

The peso was 0.27 percent weaker at 18.6245 pesos per dollar, despite the fact that polls were seen favoring Hillary Clinton heading into Election Day. Even before concerns about a Trump victory were taken seriously, the peso was one of the worst-performing major currencies this year due to worries about a bailout of state-run oil company Pemex and ballooning government debt.

Business

Federal Reserve Maintains Rates, Hints At December Hike

The Fed's increasing confidence about rising inflation was reflected in its view that "inflation has increased somewhat since earlier this year" and the removal of its previous reference to inflation remaining low in the near term. Their policy statement noted continued improvement in the labor market and economic growth, as well as slight increases in inflation, a key focus of the FOMC.

Business

Trump pledges to be president for all Americans

Many others, such as former presidents George W. Bush and George H.W. Bush, opted to abstain rather than endorse Trump's behaviour, much less his campaign. More than half of white voters backed the Republican, while almost 9 in 10 blacks and two-thirds of Hispanics voted for the Democrat. He said Clinton telephoned him to concede the race shortly after she lost in Pennsylvania.

Business

What Time Do the Polls Close in California? Election 2016

When it comes to honesty, voters question both candidates: about 6 in 10 voters say they don't think Democrat Hillary Clinton or Republican Donald Trump is honest or trustworthy. The voting machines have "behaved well", McCabe said, and the only problems have been with calibration issues that are "pretty typical". Trump had suggested that Philadelphia was among those places ripe for fraud.

Business

UK Trade Deficit Narrows in Third Quarter

The UK trade deficit widened in the month of September as exports decreased by £0.2 billion and imports grew by £1.2 billion, emphasised by the fall in the value of the pound. The trade deficit fell to Euro 62.3 million in September from Euro 160.8 million in the corresponding month past year. Economists caution, however, that monthly trade data can be volatile and it may be months before any clear pattern emerges.

Business

Staying safe while trick-or-treating

Walk only on the sidewalks, not in the street. Have kids carry glow sticks or flashlights to help them see and be seen by drivers. As well, homeowners are advised to avoid using displays with open flames. Don't assume the right of way. Motorists may have trouble seeing you. Just because one auto stops, doesn't mean others will! Be very cautious of strangers.

Business

Oil falls as Trump stuns markets with White House win

Clinton wins, it would set off an initial celebration rally of 2% to 3% in global oil prices because her presidency would represent a continuation of existing USA foreign and trade polices, with fewer surprises. Before the NY markets opened Wednesday, oil had erased the losses sustained during the tumultuous election night. OPEC will release its monthly report on Friday and will hold its biannual meeting in Vienna on November 30.

Business

Hillary Clinton Calls To Concede Election To President Elect Donald Trump

Trump's victory comes despite alienating almost every demographic subgroup except white men. His supporter base was largely fueled by white nativist anger and resentment towards the so-called "political establishment". Clinton pocketed Virginia - a squeaker like Florida - and both candidates rolled up victories in their predictable strongholds. Clinton spent months warning voters that Trump was unfit and unqualified to be president.

Business

Democrats' path to Senate majority slipping away

The most tantalizing prospect for Republicans is that Trump will be nominate a strong conservative to fill the seat on the Supreme Court that has been vacant since Antonin Scalia died earlier this year. Missouri - Republican Senator Roy Blunt, 66, faces a challenge from Democrat Jason Kander, 35, a veteran of the Afghanistan war who is now Missouri's secretary of state.

Business

Lloyds Banking Group Plc (NYSE:LYG) Updated Analyst Coverage

The GBX 71.57 average target is 27.85% above today's (GBX 55.98) stock price. During last 5 trades the stock sticks nearly 0.00%. It trades at an average volume of 4.65M shares versus 5.02M shares recorded at the end of last trading session.

Business

Comprehensive Stock Analysis of: Juno Therapeutics Inc. (NASDAQ:JUNO)

Several other brokerages also recently weighed in on NKTR . They set a "buy" rating and a $21.00 price objective for the company. 07/26/2016 - Mast Therapeutics, Inc. The stock's 50 day moving average is 0.14 and its 200 day moving average is 0.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .

Business

Mamata demands govt to withdraw Rs 500, Rs 1000 notes ban

Kerala's Finance Minister, Thomas Isaac, has also come out against the move, calling it "a joke, calamity". "India's fight against corruption and terrorism will now be strengthened". "The PM could not get back the promised black money from overseas from the rich so a drama to divert his failure", she said. "FICCI completely supports this move of the Government and complements it for its continuous and comprehensive measures to deal with the issue of black money in the country", he said in a ...

Business

Shaw and Smalling will not be frozen out like Schweinsteiger

United had defeated the Turkish team 4-1 a fortnight earlier. The truth of the matter is, both players do not yet feel well enough to play. GARETH SOUTHGATE, England caretaker coach, feeling the weight of emotion ahead of the Home Nations tie with Scotland.

Business

Dollar tumbles against yen, euro on strong Trump showing

Dow futures have plummeted 500 points, or nearly 3%, Wednesday night. Gold jumped more than 3% and the Japanese yen surged more than 3% against the dollar. ANALYST VIEWPOINT: "Rightly or wrongly, markets are going to be concerned about a Trump victory, particularly given the potential consequences for world trade and its impact on many large companies in the USA stock market", said Ric Spooner, chief analyst at CMC Markets in Sydney.

Business

Donald Trump says cancel elections and declare him winner

New campaign finance reports also show Trump seems to have cut off his personal contributions. She also reportedly said she was "100% for Hillary Clinton" and added: "I love her". As the USA gets ready to vote its next president into office, many Americans are anxious that Election Day could get intense. The dip in Clinton's numbers could be a major setback for the campaign, which was celebrating the "future president" just earlier this week .

Business

Wendy's reports strong earnings, beating Wall Street forecasts

This was down from $464.63 million previous year. According to 17 analysts, the Average Revenue Estimate for the current Fiscal quarter is $305.69 Million and the Low Revenue estimate is $285.83 Million, while the High Revenue estimate is $328.22 Million.

Business

Stock Markets Plunge as Early Trump Strength Surprises Investors

Trump pledged to clamp down on immigration to the USA and renegotiate free-trade agreements with countries including Mexico. "I think the environment will stay uncertain for awhile", Joy told USA TODAY, citing the shock factor of Trump's win and the many unknowns related to what's Trump policies will be and what the chances are of them being enacted by a GOP-controlled Senate and House of Representatives that are not great fans of the president-elect after a brusing presidential ...

Business

RBI to launch new Rs 500/Rs 2000 notes from November 10

The withdrawal limits will be gradually increased thus providing currency trade mode in quite a liberal manner as compared to before. The limit for this Rs 4,000 up to November 24. The move follows the income disclosure scheme that ended on September 30 and collected about Rs 65,000 crore. Later in January 1978, the Morarji Desai-government has demonetized 5,000 and 10,000 rupee notes.

Business

Earnings Whispers: News Corp (NWSA) & Oasis Petroleum Inc. (OAS)

Several research firms recently issued reports on OAS. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter .

Business

SBI working to make Rs 100 notes available at branches, ATMs

The nation's largest lender SBI today said it is gearing up to make available "adequate number" of Rs 100 notes at all its ATMs and branches within the next two days to help reduce the inconvenience to the public after the government last night scrapped Rs 500 and Rs 1,000 banknotes.

Business

Advanced Micro Devices Inc. (AMD) CFO Sells $2068544.78 in Stock

The stock hit its 52-week high price on 08/19/16, and 52-week low price on 01/20/16. Canaccord Genuity reissued a "buy" rating on shares of Advanced Micro Devices in a report on Tuesday, August 23rd. The shares ended last trade at $6.96, implying that Wall Street analysts see shares losing about -0.86 per cent in 12 months' time. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.23 billion.

Business

SunTrust Banks Comments on Chesapeake Energy Corp.'s Q3 2016 Earnings (CHK)

On Friday, Shares of Chesapeake Energy Corporation (NYSE:CHK) lost -2.04% to $5.29. KLR Group reiterated a "buy" rating and issued a $10.00 price objective (up from $9.00) on shares of Chesapeake Energy Corp.in a research note on Wednesday, October 26th.

Business

European Commission downgrades Irish growth forecast

Its structural deficit, which excludes one-off items and economic cycle swings in income and spending, has been rising every year since 2014 and is to jump to 2.2 percent in 2017 from 1.6 percent in 2016 and then further to 2.4 percent in 2018.

Business

Selling Boundary Nears To- Ariad Pharmaceuticals (NASDAQ:ARIA), PTC Therapeutics (NASDAQ:PTCT)

Total 11.21 million shares changed on hands and it kept the average volume of 6.57 million shares. The pharmaceutical company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.07.

Business

Flipkart, Amazon stop cash on delivery option

They added that customers are being urged to opt for alternative payment modes like internet banking, credit and debit cards, gift cards and PhonePe wallet. This will enable India to move faster towards digital payments and will be a game changer for Flipkart and for the ecommerce industry. "Even though it is not the first time such a move has been made by a sitting government, what is significant this time is that it is built on the JAM -Jan Dhan Aadhar and Mobile trinity making it hard for ...

Business

Hillary Clinton Calls Donald Trump, Concedes Defeat

Having been welcomed out of the wings by vice president-elect Mike Pence, Trump appeared victorious - clapping his hands and raising his fist in the air. Before entering politics, he built his global property empire through the Trump Organisation with his name splashed across luxury hotels and other real estate developments around the world.


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