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Business

Wells Fargo sees significant slowdown in account openings

Wells Fargo & Co's account openings slowed in October following a sales scandal that shattered the bank's folksy image, triggered federal and state investigations, and cost the bank's chief executive his job. Democratic senators are urging Finra to expedite a review into whether any Wells Fargo brokers were unfairly dismissed for refusing to go along with aggressive cross-selling, the Wall Street Journal reports.

Business

U.S. employers add solid 161K jobs; wages up by most since '09

After a softer than expected September jobs report , encouraging new CPS data on wage growth, and high third-quarter GDP growth , this month's data will be the final indicator of where the economy is headed before the election. "While the services report was weak, it is not almost weak enough to disrupt Fed plans to hike in December". The participation rate, or the share of working-age Americans who are employed or at least looking for a job, is hovering near multi-decade lows, in part ...

Business

Half of ATMs to be recalibrated by next week

State Bank, the nation's biggest loan specialist, has taken care of 543.70 billion rupees of money exchanges that includes deposits, withdrawals and trade of banknotes, beginning Thursday from 12:15 p.m. "I waited till 4.20 PM and returned empty-handed", Jatin Kumar, a resident of Mayur Vihar said. The demonetisation also hit businesses hard across the nation.

Business

Close to APEC Summit Amidst Fire Impact

The president-elect has made it clear that he is hostile to the kind of free trade deals that tend to be the focus of the annual Asia Pacific Economic Cooperation forum, taking place this year in Peru's capital. On the eve of the main APEC summit events being held in Lima this week, President Pedro Pablo Kuczynski called for Peruvians to welcome the APEC leaders "with open arms".

Business

Did video prevail? Officer charged in Philando Castile shooting

Philando Castile's family and loved ones are expressing relief that the Minnesota officer who shot and killed the beloved school cafeteria worker will be facing charges. In another case that prompted protests, police in Minneapolis fatally shot Jamar Clark last November. AP reporter Jeff Baenen contributed from St.

Business

Netflix, Inc. (NASDAQ:NFLX) & Fifth Third Bancorp (NASDAQ:FITB) Stocks Buzz

FITB has been the topic of several other reports. Strong Sell rating was given by NA brokerage firms. This company was Downgrade by Bernstein on 16-Nov-16 to Mkt Perform. Wedbush started coverage on shares of Fifth Third Bancorp in a report on Thursday, October 6th. Institutional investors have recently made changes to their positions in the stock.

Business

Trump battles back against charges of transition tumult

They just want to be aware of when the president-elect is traveling. Kellyanne Conway, campaign manager for President-elect Donald Trump, speaks to media at Trump Tower, Wednesday, Nov. The Fix's Peter Stevenson explains what the president-elect's relationship with the press might look like going forward. She called Trump "vindictive" and said there was "no question" that he is "thin-skinned" and "can be mean-spirited".

Business

Georgia man found guilty of murder in toddler son's hot-car death

The jury found Harris guilty on all eight counts, including malice murder, felony murder, cruelty to children, criminal attempt to commit a felony and dissemination of harmful material to minors. He pulled into a shopping center parking lot and pulled Cooper's lifeless body from the SUV. Evidence showed that minutes before Harris locked the vehicle door on his boy, he sent an online message: "I love my son and all, but we both need escapes".

Business

Ancient Ten Commandments tablet sold at auction for $850K

The winning bidder does not wish to be immediately identified at this time. The tablet likely adorned the entrance of a synagogue destroyed by the Romans between A.D. Michaels said the tablet is believed to have once hung on a temple wall in what is now Israel. The man's son sold the stone to a Y. Kaplan in 1943, who had it examined and found it to date from between 400 and 600 A.D.

Business

Bridgewater Associates Lp buys $30385512 stake in Suncor Energy (USA) (SU)

Citigroup upgraded Suncor Energy Inc . Based on the most relevant past-periods data, there is an 62.96 percent probability for this firm's share price to go up following next quarterly results. The Company is focused on developing Canada's petroleum resource basin, Athabasca oil sands. The investment management firm now holds a total of 996,900 shares of Suncor Energy (USA) which is valued at $30,385,512.Suncor Energy (USA) makes up approximately 0.30% of Bridgewater Associates Lp's portfolio.

Business

Don't hoard currency, sufficient notes in supply: RBI

Indians living in China can not deposit the scrapped currency notes of Rs 500 and 1,000 at Indian bank branches here. As per reports, banks said ATMs are designed such that they dispense bigger notes first like they would initially begin dispensing a note of Rs 2000 and 5 notes of Rs 100.

Business

No let up in cash rush on day 9 of demonetisation

Despite ATMs being calibrated to dispense Rs 500 notes, such vending machines are running out of cash because of huge pressure of withdrawal. The Indian government's decision to demonetise high-value banknotes of Rs 500 and Rs 1,000 eight days back has resulted in deaths of 47 people across the country, according to local media reports.

Business

Why The Press Is So Worried About Access To The Trump Administration

Then, before 8 o'clock Tuesday, a presidential-style motorcade left the building unannounced. A spokesman for President-elect Donald Trump says the transition team is "not going to rush" to put forward potential Cabinet selections. Trump left the press behind to take his family to dinner at the iconic 21 Club, which is located just a few blocks from Trump Tower in NY. According to the reports, they only realized he had departed when they saw his motorcade leave the building.

Business

Chaos, long queues continue at banks;most ATMs run out of cash

Sadiq, an auto driver from Mangaluru, making a rightful use of his job, has been offering free rides to those people who are going to the banks to get their demonetised currency exchanged. The government says it's trying to rush the printing of new 500 and 2,000 rupee bank notes but hasn't been able to keep up with demand. "Some ATMs didn't have cassette for Rs 100, so they are adding it".

Business

Brokers Watch List: Chevron Corporation (NYSE:CVX), Halliburton Company (NYSE:HAL)

The firm lifted its rating on CVX from Equal-Weight to Overweight. Firm quarterly performance is 21.52%. Lafleur Godfrey Ltd Liability Corporation has 9,222 shares for 0.29% of their USA portfolio. The Stock has its 52-week High of $109.06 and 52-Week Low of $75.33 and it touched its 52-week high on Nov 15, 2016 and 52-Week Low on Jan 20, 2016. Cortland Advisers holds 6.94% or 1.88M shares in its portfolio.

Business

Teck Resources Limited (NYSE:TCK), Best Buy Co., Inc. (NYSE:BBY)

Teck Resources Ltd (USA ) (NYSE:TCK) has risen 175.29% since April 15, 2016 and is uptrending. With the constructive P/E value of Teck Resources Limited, the investors are able to forecast the positive earnings growth of the company. According to Finviz reported data, the stock now has Earnings per Share (EPS) (ttm) of $3.6. The forward P/E of Teck Resources Limited is at 8.81 signifying the uses of estimated net earnings over the next 12 months.

Business

Hate crimes against Muslims soared a year ago

Reported hate crimes increased from 5,479 in 2014 to 5,850 in 2015, in total. In 2015 alone, researchers were able to uncover 260 instances of hate crimes against Muslims, the highest recorded in a year since 481 in the months after 9/11.

Business

Oklahoma City airport killer, victim worked for same airline

Paco Balderrama said at a news conference. Buie, whom authorities found dead inside his truck in an airport parking garage with an apparent self-inflicted gunshot wound, resigned from Southwest in April 2015, Balderrama said. Police initially said they were looking for a second shooting victim, but then later said they didn't believe there was a second victim. Southwest Airlines released a statement Tuesday.

Business

Samsung to buy Harman International for $8 billion

The offer is 28 percent above Harman's closing price of $87.65 in NY on Friday. In December 2015, Samsung announced the creation of a new business division to focus on auto systems and components for autonomous driving. The greater use of electronics and software in vehicles, and the ability of cars to connect to smartphones and other devices, is offering technology companies with new business opportunities.

Business

Diana Containerships Inc (DCIX) Releases Earnings Results, Misses Expectations By $-13.06 EPS

Silver Wheaton Corp. has P/S value of 12.59 while its P/B value stands at 1.76. The stock is now has its Return on Assets (ROA) value of 1 Percent. The company shows Gross Margin and Operating Margin of 36.8 percent and 4.3 percent respectively.

Business

Peel Hunt Reiterated British Land Co PLC (LON:BLND) As 'Hold'

The number of shares British Land Co PLC now has in issue is 1,029,295,000, which have a value of 586.5 per share calculating British Land Co PLC's market capitalisation to 6.04B GBP. Investors of record on Thursday, December 1st will be issued a dividend of GBX 8.95 ($0.11) per share. The ex-dividend date of this dividend is Thursday, January 5th.

Business

New York City's Trump Place Dumps Trump Name From Building

I'm embarrassed to tell people where I live. The decision to dump the Trump branding comes after residents were urged to sign a petition to remove the name of the then Presidential candidate from the building. The letters spelling out Trump's name could come down as soon as Wednesday, residents said. But Trump doesn't actually own majority, as outlined here.

Business

Best, worst merchants for Black Friday 2016 deals

But if you didn't take advantage of those deals last year, hoping the price would go down, you'll be disappointed to hear it's likely to cost you an average of $11.88 more per item than last year. Tied for second: Stage, which owns stores like Goody's and Peebles; and JCPenney, with an average of 62.8%. Big Lots is offering the lowest discounts on its Black Friday sales items (23.52 percent on average), followed by Amazon (24.7 percent) and Costco (25.4 percent), but these sellers are ...

Business

Wal-Mart's profit falls but beats estimates; revenue misses

The company told investors in October that it was planning to slow its new store openings and pour money into its online efforts, technology and store remodels. Analysts polled by Estimize, a software platform that crowdsources estimates from buy-side analysts, hedge-fund managers, academics and others, are expecting EPS of 98 cents.

Business

Wells Fargo says account openings slow in October

The bank said that customers opened 44% fewer new accounts this October than they did at the same time past year, Bloomberg reported . Wells has provided monthly reports to investors about its customer traffic. "We remain focused on meeting our customers' financial needs by providing great service and quality products and will provide our next update in mid-December".

Business

Ariad Pharmaceuticals Inc.'s (ARIA): Trader's Radar

Quantbot Technologies LP now owns 36,619 shares of the pharmaceutical company's stock valued at $270,000 after buying an additional 27,719 shares during the last quarter. Insiders own 8.20% of the company's stock. It uses a range of fuels to generate electricity, including natural gas, coal, hydro, wind, energy storage, oil, diesel, petroleum coke, biomass, landfill gas, and solar.

Business

Amazon extends Black Friday deals until the end of December

Make a List of Items You Want to Buy - Your objective for Black Friday should be to buy only the items on your list at the lowest price possible. Also included in the Black Friday Deal Store is a Denos Heos 1 speaker for $99.99 and Sennheiser's HD 598 Cs Closed Black Headphones for $99.95.

Business

NetApp Inc. (NTAP) Is Up On Better Than Expected Q2 Earnings

NTAP market capitalization is $10.02B with 12030 employees. The company's 50-day moving average price is $33.90 and its 200-day moving average price is $29.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . $1.40 million worth of shares were sold by ALLEN JEFFRY R on Monday, August 22.

Business

China's yuan at 8-year low against the United States dollar

The dollar is closing in on a test of its highest level in nearly 14 years. Trump had lambasted China throughout the campaign, drumming up headlines with his pledges to slap 45 percent tariffs on imported Chinese goods and label the country a currency manipulator his first day in office.

Business

Amplify Snack Brands, Inc. (NYSE:BETR)

Amplify's recently closed acquisition of the Tyrrells global brand portfolio contributed $8.6 million in sales during the quarter. Amyris, Inc. (NASDAQ:AMRS) went up 1.48% during trading on 11/16/2016, with the company's shares hitting the price near $0.81.

Business

Minnesota man sentenced to 35 years in IS case

The sentences handed down by U.S. District Judge Michael Davis on Wednesday match what federal prosecutors were seeking for 22-year-old Mohamed Farah and 22-year-old Abdirahman Daud. "The sentences handed down today reflect the true gravity of the defendants' crimes to betray their country, travel overseas, and ultimately join a terrorist organization dedicated to the murder of innocent people", FBI Special Agent in Charge Richard Thornton said.

Business

Worth Observing Stocks: Exxon Mobil Corporation (NYSE:XOM), Fitbit Inc. (NYSE:FIT)

Chevron Corporation (CVX ) recently recorded 2.22 percent change and now at $108.96 is 49.59 percent away from its 52-week low and down 0.42 percent versus its peak. Last month, the High Court of Chad ruled that an Exxon-led consortium pay the sum, which is much higher than the country's GDP of US$10.8 billion previous year.

Business

Wolverine QB has broken collarbone

When Tom Herman left the Ohio State coaches box to run his own program at Houston, one of the end results was former Houston starter John O'Korn electing to leave the program. He has completed 13 of his 18 pass attempts for two touchdowns and no interceptions. A few weeks later, O'Korn handed a ball off to freshman running back Chris Evans during mop-up duty of a blowout win against Maryland.

Business

Oil prices fall on US crude stock build, OPEC remains in focus

The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC's deal to limit oil output and mentioned the lower end of a previously agreed production target, helping spur a rally in the price of crude.

Business

Dozens march over Dakota Access Pipeline in downtown Lincoln

The decision caused Energy Transfer Partners LP and Sunoco Logistics Partners LP-the companies involved in the pipeline's construction-to take legal action in the U.S. Analysts said they still expect the pipeline to be completed eventually. "A (Highway Patrol) trooper with an extinguisher doused it so it wouldn't light".


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