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Crude oil is losing its OPEC rally

The surveys showed Saudi Arabia, the largest OPEC producer, churning out close to its peak summer-month level, meaning officials there are likely waiting until January to adjust production to the lower winter level, said the Commerzbank analysts.

Business

The Rothschild Asset Management Inc. invests in Exxon Mobil Corp. (XOM) Shares

Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. McQueen Ball & Associates Inc. now owns 23,118 shares of the company's stock valued at $1,932,000 after buying an additional 706 shares in the last quarter. For the Current Quarter, the growth estimate for Exxon Mobil Corporation is 7.5%, while for the Next Quarter the stock growth estimate is 109.3%.

Business

Trump says cancel new Air Force One: Costs 'out of control'

During his own presidential campaign, Mr Trump travelled across the United States on his private plane, a Boeing 757-200 that has been dubbed " Trump Force One ". The U.S. Government Accountability Office estimated the entire program to cost about $3.2 billion from the 2010 through 2020 fiscal years, including $2 billion for research and development.

Business

Consensus Take: Wells Fargo & Company (NYSE:WFC) Earnings & Ratings Watch

The average forecast of sales for the year ending Dec 16 is $13.14B by 13 financial experts. The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Wells Fargo & Company is a bank holding company. While looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $0.06 by 15 analysts.

Business

An airport therapy pig? We're snort kidding!

Some 30 airports around the U.S. have some sort of animal therapy program to ease travelers' anxiety. "Since its launch in 2013, the SFO Wag Brigade has become a favourite amenity among travellers", says the gateway's director-guest experience, Christopher Birch.

Business

Early Trump supporter Palin suggests Carrier deal is 'crony capitalism'

When asked if Trump would now call other firms considering moving jobs overseas, Pence said "the president-elect will make those decisions on a day-by-day basis". Candidate Donald Trump promised to bring back or keep American manufacturing jobs. Hundreds of jobs were saved by Trump's tax breaks, but some say it sets a bad precedent.

Business

Kinder Morgan Expects To Invest $3.2 Bln On Expansion Projects In 2017

Cortland Advisers LLC increased its stake in shares of Kinder Morgan by 10.2% in the second quarter. They now own 1.18 billion shares or 1.38% less from 1.20 billion shares in 2016Q2. Stockholders of record on Tuesday, November 1st will be given a dividend of 0.125 per share on Tuesday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%.

Business

Judge orders recount of MI vote in presidential poll

The recounts were not expected to change enough votes to overturn the result of the election. A federal judge last week denied an emergency halt to the recount of the presidential vote in Wisconsin, allowing the process to continue until a Friday court hearing at least.

Business

Asian Stocks Climb on Strong Dow Close, US Service Report

The Dow Jones industrial average rose 49 points, or 0.3 per cent, to 19,219 as of 1:30 p.m. Dow stocks were unanimously higher. The Standard & Poor's 500 index jumped 11 points, or 0.5 percent, to 2,203. DAKOTA DISPUTE: On Sunday the Army Corps of Engineers denied a permit for the Dakota Access oil pipeline in North Dakota. European stocks are likely to open higher though gains may be subdued as USA stock futures are in the red.

Business

Louisville's Jackson named school's first Heisman Trophy finalist

Watson, a Heisman finalist previous year, earned a return trip to NY with another sensational season. "I knew he was going", Mayfield said of Westbrook. It just makes it seem like Lamar Jackson's Heisman win is an inevitability. Mayfield leads the nation in pass efficiency rating (197.8; the NCAA single-season record is 191.8; next highest Power 5 figure this year is 176.5), completion percentage (71.2) and yards per pass attempt (11.1; only one other player is above 10.0).

Business

Opec deal seen positive for ringgit

In a meeting in Vienna, OPEC members agreed on a deal following days of heated negotiations. Brent crude oil rose above $54 a barrel on Thursday, extending the big gains made after OPEC and Russian Federation agreed to restrict production, even as analysts warned other producers were likely to top up supply, APA reports quoting CNBC.

Business

Axis Bank Suspends 19 Officials; Hires KPMG For Forensic Audit

During the investigation, the ED found that huge monies were transferred to some shell companies, including a case where the Director of such a firm was a " petty labourer". The gold purchased by the accused jewellers in the name of a shell company was again sold to other cash hoarders at prices higher than the legal prevailing rate.

Business

Italian minister, after talking to Renzi, sees new election likely in February

In a late-night news conference, he said he took responsibility for the outcome , and said the No camp must now make clear proposals. The contest was a rerun of an election in May in which Van der Bellen beat Hofer by 31,000 votes , or less than one percent of ballots cast.

Business

Trump claims credit for $50 billion investment by Japanese firm

The money would come from a $100 billion investment fund that SoftBank Chief Executive Masayoshi Son is setting up with Saudi Arabia's sovereign-wealth fund and other potential partners, according to the Wall Street Journal . Son did not say what specific investments SoftBank would make. When plans for the fund were first announced, Son said that he planned on being the biggest investor in technology over the next decade.

Business

Toll Brothers Reports Mixed Q4, Sees Strong Luxury Home Market In 2017

Evercore ISI began coverage on Toll Brothers in a report on Monday, November 14th. Toll Brothers Inc (NYSE:TOL) has risen 13.10% since May 3, 2016 and is uptrending. Xact Kapitalforvaltning AB acquired a new position in shares of Toll Brothers during the third quarter valued at approximately $300,000. Nevertheless, these bearish bets account for a low 5% of the security's available float - and the stock could encounter fresh headwinds, should short sellers continue to climb on board.

Business

Despite strike, O'Hare expects no delays

Fast-food restaurant workers and home and child-care workers rallied in cities including Chicago , Detroit, Los Angeles and NY on Tuesday morning. At O'Hare airport, more than 2,000 workers - including security guards, baggage handlers, janitors and cabin cleaners - protested inside and outside of the terminal, but flights were not disrupted, he said .

Business

Faithless Voter On Electoral College Trying To Stop Trump

One thing Suprun is wrong on is his conclusion that "the election of the next president is not yet a done deal". "Many Electors are saying that Governor John Kasich would be best for our country". In response to Edward F. Wagner's letter ("Final popular vote tally does not alter outcome", November 27), there actually is a way to change how we elect a president with the popular vote without a constitutional amendment .

Business

Trump agrees to give up business 'in total' to focus on presidency

His daughter Ivanka joined a telephone call her father had with Argentine President Mauricio Macri earlier this month and attended a meeting with Japanese Prime Minister Shinzo Abe, creating concerns about possible conflicts of interest. Trump is also working to fill out his foreign policy team, but no decision appeared imminent on who the next secretary of state would be. Trump has moved forward with other Cabinet selections, choosing former Goldman Sachs executive Steven Mnuchin as ...

Business

Markets Right Now: Dow at another high in midday US trading

Tech stocks also rallied. The Dow gained 45.82 (+0.24 percent) to finish at 19,216.24 after hitting an intraday all-time high of 19,274.85. The Standard & Poor's 500 index jumped 14 points, or 0.7 percent, to 2,206. The U.S. rally erased any remaining pessimism following Italy's weekend referendum in which voters defeated proposed constitutional changes, triggering Premier Matteo Renzi's resignation.

Business

How Donald Trump got Carrier to stay

He also called the North American Free Trade Agreement a disaster and named it a "one way highway to Mexico". It's not going to happen. According to an analysis from The New York Times , the U.S has lost almost five million manufacturing jobs since 2000.

Business

Trump's Treasury Secretary: Expanding Lending is "No. 1 Priority"

Mnuchin isn't the only person who Trump has tapped for his cabinet that is absolutely loaded, either. Also Wednesday , Trump named Todd Ricketts , co-owner of the World Series champions Chicago Cubs, as deputy commerce secretary. "The Carrier deal, I think it's terrific. I am very proud to have him on our team", Trump said in a statement. As Trump's announcement notes, Ross led Rothschild Inc .

Business

Interstate closure extended to nearly 300 miles

High winds, low visibility and blowing and drifting snow were creating hazardous driving conditions across the region Tuesday morning, December 6, according to the National Weather Service. As of Tuesday morning, wind speeds in Fargo were around 40 miles per hour, Barrett sad. Parts of northwestern into south-central North Dakota could see up to 9 inches of snow.

Business

Italian Prime Minister set to hand in resignation after 'clear-cut' referendum defeat

An early election would likely rattle investors, with opinion polls showing Renzi's Democratic Party (PD) running neck-and-neck with 5-Star, which wants a referendum on Italy's membership of the euro zone. Credit ratings agency Standard & Poor's said in a note that "the negative outcome of the referendum yesterday does not have an immediate impact on Italy's creditworthiness as it does not have immediate implications for Italy's economic or budgetary policies beyond likely near-term ...

Business

Unity event, protests expected at white nationalist's visit

He said he agreed to speak in hopes of educating the A&M community. Until Monday night, Wiginton had only known Spencer through online circles. "Why would I want to be displaced and marginalized?" "They are declaring that we are so powerful that they must have ...

Business

Oil prices extend rally on OPEC deal

Traders said prices were weighed down by concerns over the implementation of the deal under which OPEC members were joined by non-OPEC Russia for the first time in 15 years in announcing coordinated production cuts by a combined 1.5 million barrels per day.

Business

Bank of England Promises Action In Uproar Over Non-Veggie Banknotes

Your browser doesn't recognise available video formats. The revelation left many vegans and vegetarians horrified but has prompted concern among faith groups who have rules against consuming or using beef in manufacturing processes. Ali Ryland, from the United Kingdom -based Vegan Society, told BBC radio she was not surprised at the makeup of the cash, considering the widespread use of animal derivatives in everyday products, but was disappointed "just to hear again that animals are being ...

Business

BT Group PLC (BT) Receives "Neutral" Rating from BNP Paribas

BP plc with EPIC/TICKER LON:BP has had its stock rating noted as "Reiterates" with the recommendation being set at "OVERWEIGHT" this morning by analysts at Barclays Capital. BP PLC had a positive return on equity of 2.48% and a negative net margin of 2.03%. During the a year ago Land Securities Group Plc's shares have increased by 0% from 0.00 to 953.

Business

Shenzhen Connect Opens Up 'New China' To Foreign Investors

McDonald's in March said it was reorganizing operations in the region, looking for strategic partners in China, Hong Kong and South Korea as it switches to a less capital-intensive franchise model. (5 December 2016, Hong Kong) TCL Multimedia Technology Holdings Limited ("TCL Multimedia" or the "Group", HKSE stock code: 01070) today announces that TCL Corporation ("TCL Corporation", SZSE stock code: 000100), together with TCL Multimedia are included in the eligible shares list of the ...

Business

Brazilian soccer team's plane crashes in Colombia; 71 dead

All survivors were being treated at local hospitals. "I have just seen the plane and given the state it is in, it is a miracle that six people survived", said Governor Luis Perez of Antioquia department, where the plane went down. At least 21 journalists were also believed on board the charter aircraft-operated by the Bolivian-based and Venezuela-owned company. By nightfall on Tuesday, rescuers had recovered most of the bodies which were to be repatriated to Brazil and to Bolivia, where ...

Business

Fire Officials Investigating Cause of Boston-Area Fire

After the 10-alarm fire in Cambridge this weekend, several buildings in the Kendall Square area were left inhabitable and will be knocked down. It's unclear what the extent of the damage is. "This looks nearly like a third-world country after a bombing", Fire Chief Gerald Reardon told reporters Saturday. Firefighters were called in from Newton, Waltham, Wakefield, and multiple other towns.

Business

The Pentagon Tried To Hide $125 Billion In Bureaucratic Waste

As reported in the Washinton Post , Pentagon officials anxious that "Congress would use the findings as an excuse to slash the defense budget". This means that, if these figures are accurate, the amount of waste discovered in the Pentagon's report is almost twice as much as all of Russian military spending, as well as greater than the combined military spending of both Russia and the United Kingdom.

Business

Animal fat found in Britain's plastic money angers vegetarians, religious groups

A Bank of England spokesperson confirmed that the new plastic notes contain tallow derived from animal fat. The Bank announced on Tuesday night that the company that supplied it with polymer pellets was looking into "potential solutions" to the issue.

Business

Amazon Go - what it means for Amazon

The new tech has the potential to massively change the way we shop. As customers pick up items from the shelves, they are registered to their virtual cart, which adds up how much the customers owe and charges it to their Amazon account. The first store will not open to the general public until early next year. "We created the world's most advanced shopping technology so you never have to wait in line", the company says.

Business

Pure Storage Inc. (PSTG) Stock Rating Reaffirmed by Robert W. Baird

Vetr lowered shares of Pure Storage from a hold rating to a sell rating and set a $13.00 target price on the stock.in a research note on Monday, August 15th. On average, analysts predict that Pure Storage will post ($0.64) EPS for the current year. TRADEMARK VIOLATION NOTICE: "Susquehanna Reiterates $13.00 Price Target for Pure Storage Inc".

Business

Carrier's parent company: No 'quid pro quo' with Trump

Trump turned his account to more serious matters of American business. It's a proposal that disturbs many experts, who warn of unintended consequences that could include higher prices for US consumers, an increase in undocumented immigrants and an increasingly crime-based economy on our southern border.


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