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Black Friday & Cyber Monday 2016 by the numbers

Black Friday sales rose 21.6 percent to $3.34 billion, with purchases made on mobile devices contributing more than $1 billion in revenue, both record sales for the day. Adobe measures 80% of all online transactions from the top 100 USA retailers, more than any other technology company, and uses its proven predictive model powered by Adobe Sensei to forecast online sales and trends.

Business

Will General Motors' Stock Keep Rising This Week?

Barclays PLC reissued an "equal weight" rating and set a $66.00 price target on shares of General Motors in a research report on Friday, September 23rd. Investors of record on Wednesday, December 7th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, October 25th.

Business

Opec Agrees to Cut Production in Drive to End Record Glut

Saudi Arabia accepted "a big hit" to its production and will be reducing output by nearly 0.5 million barrels per day. He added that OPEC's newest member Indonesia could not participate in the agreement since the country is a net importer, adding that Indonesia wanted to suspend their membership, but was "not withdrawing it".

Business

House Democrats to Decide on New Leader in Secret Ballot Vote

Rep. Tim Ryan of OH told Fox News that Republicans have successfully "sank" House Democrats over the past six years by running ad campaigns that tie Pelosi to the party's candidates, Real Clear Politics reported . "If I'm selfish, I truly believe as long as she's the leader we keep the majority". But there's also this: On Pelosi's watch, the Democrats have lost more than 60 seats since 2010, hardly a winning argument.

Business

Beige Book: Most of country still seeing growth

November's Beige Book was prepared by the Federal Reserve Bank of Cleveland. And in the San Francisco district, "contacts reported that demand for health-care services remained strong, but the election outcome had greatly increased uncertainty around the Affordable Care Act and raised concerns about the possibility of slower industry growth and cutbacks in the near term".

Business

OPEC agrees to cut output to push up oil price

In addition, OPEC will exempt Libya and Nigeria from the reductions as their output has been crimped by unrest and sanctions. The September deal was seen as a victory for Iran . The shift - aimed at draining a crude glut that's pushed down prices for two years - will help revive the tattered finances of oil-producing countries and reverberate in markets around the world, from the Canadian dollar to Nigerian bonds to US shale equities.

Business

Autumn Statement: Growth forecast cut for next year

BRITAIN ramped up its borrowing forecasts today as the economy slows in the wake of the Brexit vote, chancellor Philip Hammond said in his first budget plan since the United Kingdom made a decision to leave the European Union. "While the OBR is clear that it can not predict the deal the United Kingdom will strike with the European Union, its current view is that the referendum decision means that potential growth over the forecast period is 2.4 percentage points lower than would otherwise have ...

Business

Britain ratifies Paris Agreement to combat climate change

China's President Xi Jinping underlined the importance of cooperation between the two largest economies when he spoke to Trump on Monday, said Liu, who added China will continue its fight against climate change "whatever the circumstances".

Business

OPEC agrees to first oil production cut since 2008

All eyes are on the Organization of Petroleum Exporting Countries meeting in Vienna Wednesday as OPEC's self-imposed November 30 deadline to reach an agreement to cut production looms with no deal finalized. According to people familiar with the matter, Indonesia suspended its OPEC membership on Wednesday. However, the expert believes OPEC will reach some deal this week.

Business

Idaho-based chain Albertsons in talks to buy Price Chopper

The U.S. grocery space is highly fragmented, with Reuters noting Kroger and Albertsons , the two largest companies in America, and employee-owned Publix Super Markets control 27% of the marketplace. In 2015, Albertsons combined with Pleasanton, California-based Safeway , in a $9.2 billion merger that expanded its presence in the central and western U.S.

Business

Steven Mnuchin Tipped To Become US Secretary Of Treasury

DeVos, 58, is a billionaire Republican donor, a former chair of the Michigan Republican Party and an advocate for the privatization of education. "I'm not ready to reveal that really", Priebus said . Ross may also face questions from lawmakers over the January 2006 Sago coal mine disaster in West Virginia that killed 12 miners in an explosion and collapse.

Business

Stein to Sue Decision on Hand Recount

Clinton, however, will likely win the popular vote by more than 2 million ballots. How will the recounts work? Stein said she plans to request a recount in MI over its 16 electoral votes as similar cases progress in Wisconsin and Pennsylvania.

Business

What is 'Cyber Five' and will it kill Cyber Monday?

Among the e-commerce giants and retailers eBay beat Amazon to claim the title of the most mentioned online retailer followed by Macys, Walmart, H&M, Target, Nordstrom, Kohl's, Home Depot and Gap. Yory Wurmser, analyst at the research firm eMarketer, said the new mobile trend is fuelled by consumers with bigger, more powerful smartphones, making it easier to view and purchase.

Business

OPEC Agrees To First Cut In Oil Production Since 2008

Despite last-minute infighting between members threatening to scupper months of negotiations, Opec president Mohammed bin Saleh Al-Sada said the cartel would reduce production by around 1.2 million barrels a day to a total production of 32.5 million barrels a day from the start of next year.

Business

OPEC ministers meets in Vienna to cut crude oil supply

Brent crude, used to price worldwide oils, rose 64 cents to $47.96 a barrel in London. Saudi Arabia, which raised oil production to a record this year, will reduce output by 486,000 barrels a day to 10.058 million a day, an OPEC document shows.

Business

Crude soars on OPEC optimism

Brent crude, the worldwide benchmark, gained $3.43, or 7.3 percent, to $50.73 a barrel in London. Iran has sought special treatment since it's ramping up output following years of sanctions. Opec pledged to limit production by about 700,000 barrels a day, but said Iran would be allowed to increase production. Indonesian oil minister Ignasius Jonan said Wednesday that there were still issues to resolve that wouldn't be easy.

Business

Playtech Founder Sells 12% Stake For GBP329 Million (ALLISS)

The sale marks the first time Sagi (pictured) has unloaded any Playtech shares since selling £212m worth in 2014. Earlier this month, Playtech handed out the first of its new quarterly awards for online gambling licensees, which are meant to reward companies for promoting Playtech products to their customers.

Business

EU unveils defense action plan amid Trump criticism

Also at issue, are plans to limit wind and solar energy producers' right to be the first to sell their electricity into the grid for new projects in European Union nations where renewables already make up more than a 15 percent share of the energy mix.

Business

McDonald's worker fired for allegedly putting mustard in police officer's drink

On Sunday, Kansas Going Blue posted a picture of the tainted drink on its official Facebook page. The officer-who has not been named-said his drink tasted amusing and lifted the lid to find what appeared to be mustard inside. This is extremely unacceptable! "We proudly support police officers and all divisions of first responders at our restaurants across northeast Kansas", he added.

Business

Lloyds Banking Group PLC 13.4% Potential Upside Indicated by Credit Suisse

In the last 27 earnings reports, the company has topped earnings-per-share estimates 58% percent of times. P/E ratio is simply a stock's price divided by its earnings per share (EPS). Following Earnings result, share price were UP 6 times out of last 11 Qtrs. The firm has price volatility of 1.65% for a week and 1.89% for a month.

Business

Ecuador's President: Cuba to Never Become 'Colony' Having Castro's Exampl

China sent Vice President Li Yuanchao, and on Tuesday in Beijing, Chinese President Xi Jinping visited the Cuban embassy to pay his condolences, saying China had lost a "close commrade and real friend". Students wait in line in front of an image of Cuba's late President Fidel Castro before paying tribute to Castro in Santiago de Cuba, Nov. 28, 2016.

Business

Ohio Troopers seize 200 pounds of marijuana during traffic stop

In addition to operation C.A.R.E., Troop D also participated in a special operation on Wednesday, November 23, 2016 and Sunday, November 27, 2016, during which troopers worked 12-hour shifts to patrol 20-mile intervals of Interstate 44. Michael Trau, 60, lost control of a Chevrolet Trailblazer, which overturned on northbound USA 45 in Wayne County. Howell County Coroner Tim Cherry pronounced Fargo dead at the scene .

Business

Camelot confirms illegal access to limited number of National Lottery player accounts

No money has reportedly been taken or deposited into accounts but Camelot comments: "we do believe that this attack may have resulted in some of the personal information that the affected players hold in their online account being accessed".

Business

Canada's GDP bounces back strong in Q3

Advertisment The economy staged a major recovery in the third quarter of the year, following a rebound in energy exports as the sector recovered from the Fort McMurray wildfires. The economy may grow 1.4 percent this year, he said, and the change in momentum backs "the view that the Bank of Canada isn't going anywhere with policy for a long time".

Business

Watertown Couple Who Visited Cuba Reacts To Castro's Death

Still, some think that the death of Mr. Castro could pressure the Cuban government to work on improving relations with the United States , according to Thomas Herzfeld, the founder and chairman of an investment firm that bears his name and operates the Cuba fund.

Business

Pending home sales nudged upward in October

That puts the index 1.8% higher than a year ago. Sales of previously-owned homes rose to the highest (http://www.marketwatch.com/story/existing-home-sales-roar-to-a-near-10-year-high-in-october-as-demand-defies-headwinds-2016-11-22) in almost a decade last month.

Business

Trump, Romney 'break bread' at Trump Hotel restaurant

Romney isn't exactly steeped in foreign policy experience - I've already made my case for installing him as VA Secretary - but neither are some of the other names that have been floated (second look at John Bolton or Bob Corker, anyone?), plus nobody seriously doubts that he's sufficiently savvy and informed to do a good job.

Business

Bristol-Myers Squibb Company (NYSE:BMY) Analysts Recommendations and Insider Trading

The stock was sold at an average price of $56.87, for a total value of $1,228,392.00. Sawgrass Asset Management LLC lowered its position in Bristol-Myers Squibb Co. If you are accessing this story on another domain, it was copied illegally and republished in violation of United States & global copyright & trademark legislation.

Business

Amidst Boardroom Manoeuvrings, A Silver Lining For The Tata Group

The Tata Power board meet, held in the city, lasted for almost four hours and none of the independent or executive directors contested Mistry's chairmanship. People aware of the development during the Board meeting shared on Tuesday, " Cyrus Mistry chaired today's Board meeting of Tata Power Limited without any contest".

Business

Kellogg's pulls ads from Breitbart over company 'values'

Breitbart , which rejects associations with white nationalism and other discredited far-right ideologies, released a statement to the Associated Press that condemned Kellogg's decision. If one of our ads appears on a Breitbart site, it's due to a sale through third-party ad networks or ad exchanges. Further, Breitbart columnist and technology editor Milo Yiannopoulos, in an interview on Channel 4 in the the United Kingdom earlier this month, described the alt-right movement in the ...

Business

Huntington Bancshares Incorporated (NASDAQ:HBAN), Wal-Mart Stores Inc. (NYSE:WMT)

Outlined as the total market value of all unsettled shares of the company, the current market cap for the Huntington Bancshares Incorporated (NASDAQ: HBAN ) Regional - Midwest Banks is valued at 13624.84. Huntington Bancshares's dividend payout ratio (DPR) is presently 35.90%. If you are reading this story on another site, it was stolen and republished in violation of USA & worldwide copyright & trademark laws.

Business

Praxair revives $60bn merger talks with Linde

At the market opening, Linde shares rose 4.5% before slipping back slightly. It added that the company's executive board is reviewing the bid, according to WSJ. While the companies see benefits to combining, Linde's internal issues - including corporate governance concerns, a management shakeup and a restructuring plan - may be hurdles, said people familiar with the proposal, who spoke before Linde's announcement and asked not to be named because the matter is private.

Business

Oil Prices Start to Recover After OPEC Meeting Disagreement

OPEC will reduce production by 1.2 million barrels a day to 32.5 million a day, two delegates said Wednesday during a ministerial meeting in Vienna , asking not to be identified as the decision isn't yet public. said in a note. The move also indicates there isn't much optimism going into the meeting over whether the cartel can reach a deal to limit output. "Perhaps this leading OPEC producer wishes to oblige the other countries to sign up to a production cut rather than simply relying on ...

Business

Oil market on edge ahead of Opec decision

In a 10-hour meeting, Iran said it might be ready to freeze production at about 200,000 barrels a day above its current output of around 3.975 million bpd, Bloomberg said. Refineries operated at 89.8 percent of capacity, processing 16.3 million barrels of crude, and producing also 5.2 million barrels of distillate. Analysts at Macquarie Capital said they believe OPEC will come to a "last minute" agreement but noted the remaining issues are still the original issues - which countries will ...

Business

Samsung considering advice to split in two

The company has also pledged to boost its 2016 dividend by 30 per cent compared to past year, bringing the annual dividend to four trillion won; a 36 per cent rise in 2016 dividends per share, to 28,500 per won. 29), at long last, it provided one. The move would, the investors argued, improve corporate governance and unlock shareholder value, with the holding firm becoming the main ownership vehicle (paywall) for the family of Samsung Group chairman Lee Kun-hee.


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