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Crude oil prices inch higher on Monday

On Wednesday, oil prices continued to slide from the 16-month highs seen on Monday with Brent oil trading 31 cents down at $53.62 and US WTI trading at $50.62. Russian Federation has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants.

Business

Markets Right Now: Dow notches another record high close

In commodities, oil prices edged higher after a volatile overnight session, with Nymex crude futures gaining 0.3% to $54.95 a barrel. The Standard & Poor's 500 index jumped 11 points, or 0.5 percent, to 2,203. Treasury yields were lower across the yield curve with the 10-year note richer to 2.349% and the 30-yr bond yield topping 3.00%. STARVING: Chipotle Mexican Grill fell $29.00, or 7.3 percent, to $367.64 after the company's CEO said he was "nervous" about hitting full-year forecasts ...

Business

Sales, profit at Sears continues downward spiral

Many analysts have provided their estimated foresights on Sears Holdings Corporation Earnings, with 1 analysts believing the company would generate an Average Estimate of $-4.06. About 1.48M shares traded hands or 120.44% up from the average. The group's share price was up more than five per cent in USA afternoon trading, to $12.74.

Business

Oil Rises Above $50 Despite Doubts Over OPEC Output Cut

Still, a strong US dollar sapped some of the price strength, and both benchmarks remained roughly 2 per cent below the highs reached just after the Organization of the Petroleum Exporting Countries announced plans to cut production late last month, and were on track to close the week with small losses.

Business

Further promising data seen with Biogen Alzheimer's drug

Biogen Inc . Biotechnology has a PEG of 1.84 alongside a PS value of 5.55 and a PB value of 5.23. Signaturefd LLC increased its stake in Biogen by 217.7% in the second quarter. Trust Department MB Financial Bank N A now owns 19,164 shares of the biotechnology company's stock valued at $4,634,000 after buying an additional 19,157 shares in the last quarter.

Business

Part-time work helps Canada add 10700 jobs; jobless rate dips to 6.8%

Total nonfarm payroll employment increased by 178,000 from last month, while the unemployment rate decreased to 4.6%, according to the Bureau of Labor Statistics Employment Situation Summary . The final U.S. jobs report for this year will be released at 8:30 a.m. ET. The number of those who lost jobs and persons who completed temporary jobs edged down by 194,000 to 3.6 million in November.

Business

Kinross Gold Corp. (KGC) Rating Lowered to Sell at Citigroup Inc

The Market Capitalization of the company stands at 4.22 Billion. The company's stock has a Return on Assets (ROA) of -10.3 percent, a Return on Equity (ROE) of -19.9 percent and Return on Investment (ROI) of -15.2 percent. "Kinross Gold Corporation is based in Toronto, Canada". The Dow Chemical Company (NYSE:DOW) belongs to Basic Materials sector closed its last session with a gain of 0.29 percent and closed its previous trading session at $56.22.

Business

Renzi to step down now that Senate OK'd Italy's 2017 budget

Italian voters have dealt a serious defeat to the government of Prime Minister Matteo Renzi. With the defeat plunging Europe's fourth-largest economy into political and economic uncertainty, and financial markets seeking reassurances, President Sergio Mattarella asked Renzi to hold off on leaving until the budget legislation is passed.

Business

Wal-Mart: Police calls fall since theft-prevention steps

Simeon Gutman, Morgan Stanley analyst commented, "AMZN picked up an incremental 20 bps of market share to 17.2%, jumping WMT which slipped 60 bps to 16.8%, while TGT (9.8%) and BBBY (9.7%) remain well behind". Company stock is -6.45% away from its one year high and is moving 22.50% ahead of its one year low. For the Current Quarter, 13 analyst are projecting the mean EPS to be $0.83/share.

Business

Trump cancels Boeing-Air Force One deal in a tweet

It's unclear why Trump sold when he did. Trump has frequently singled out companies for criticism especially those planning to move jobs overseas, like Ford and Carrier. "Well the plane is totally out of control", President-Elect Trump said to reporters outside of Trump Tower on Tuesday. "Taxpayers want to make sure we're seeing absolute accountability, that the government is doing the best to drive costs down", Miller said, adding that the transition team will look for areas where they can ...

Business

Paragon Group of Companies PLC 41.9% Potential Upside Indicated by Jefferies International

Anglo American PLC has a 52 week low of 215.55GBX and a 52 week high of 1,270.50GBX The company's market cap is now 0 GBX. Berenberg Bank increased their target price on CVS Group Plc from GBX 880 ($10.99) to GBX 910 ($11.37) and gave the company a "buy" rating in a report on Friday, July 29th.

Business

European Central Bank to 'Taper' Bond Purchases in April

The central bank announced that the euro-zone central bank will print money to buy bonds for nine months beyond its previously scheduled deadline, until December 2017. Draghi may also be quizzed on the potential fallout as the United Kingdom moves toward a formal request to leave the European Union, the resignation of Italian Prime Minister Matteo Renzi after a failed referendum, and the health of Italian banks.

Business

South Korea: Parliament introduces bill to vote on Park's impeachment

Reuters reports that the embattled President now has a 50-50 chance but her fate would be determined by events leading to Dec 9 date slated for the impeachment hearing. Speaking at a news conference, he promised to work to keep the political situation stable, saying: "I believe that the citizens feel uneasy facing a serious situation in which the duty of the president is suspended".

Business

Fidel Castro Deceased Cuban leader's remains embark on long trip to Santiago

Instead, the country would be represented by the top diplomat already on the island, chargé d'affaires Jeffrey DeLaurentis, and deputy national security adviser Ben Rhodes , who - Earnest stressed - was going to be in Cuba this week anyway.

Business

Trump expected to pick oil drilling advocate to run Interior Department

It shouldn't come as a surprise that she's taken nearly half a million dollars in campaing funds from the oil and gas industry in recent years. The Wilderness Society issued a statement noting that while Rodgers has supported renewable energy and the responsible siting of wind and solar energy projects on public land, many of her House votes are bad for the environment.

Business

Ottawa approves Kinder Morgan, rejects Northern Gateway

On the issue of British Columbia's five conditions for any oil pipeline approval, Ms. Notley there is progress and B.C.is still completing its own environmental review of the Kinder Morgan expansion project. However, he noted that the federal government's approval of the project is just one stage. "Taken together, we're confident we will build and operate this project in a way that respects the values and priorities of Canadians".

Business

UK Supreme Court hears landmark challenge to Brexit

In a reflection of the constitutional importance of the case - which hinges on the balance of power between Parliament and the executive - all 11 Supreme Court judges will hear the appeal, the first time the full court has sat since it was founded in 2009.

Business

Tribes suing over pipeline willing to put claims on hold

Kevin Cramer (R-ND). The permission for easement of the project was denied by U.S. Army Corps of Engineers. Her full decision doesn't rule out that it could cross under the reservoir or north of Bismarck. Despite challenges and weather, spirits were still high in Standing Rock. In Cannon Ball, locals and veterans' groups organized rescue missions through the night and into Tuesday, collecting the elderly and young at the camp, and helping others who wanted to leave.

Business

Russian Federation says to cut oil output from November-December levels

The decision sent oil prices up by about 10 percent on Wednesday and gave an overall boost in energy stocks. The agreement appeared to be a distant hope on Tuesday after it emerged that Opec's top producer, Saudi Arabia , was at loggerheads with Iran over how best to curb supply.

Business

Delta will upgrade free snacks in the economy-fare cabin

Archford Capital Strategies LLC increased its stake in shares of Delta Air Lines by 3,152.4% in the second quarter. Several matter pinch shares of Apple Inc. Delta Air Lines's payout ratio is presently 13.11%. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of USA & global trademark and copyright law.

Business

Santa vs. Jesus board game deemed blasphemous by some

God the Creator, left the invisible world and the realm of the divine, and became fully en-fleshed in being human. Mary understood the significance of the task God set before her. I mean who doesn't love to hear the four year old almost swallow the microphone, in efforts to say her lines at the preschool pageant? But despite these risks Mary said yes to the Lord.

Business

Canadian astronaut Hadfield tweets goodbye and 'Godspeed' to John Glenn

Glenn was listed as the mission's Payload Specialist, but the real point of sending the 77-year-old veteran into space was to see how his aged body would fare in space, and how ageing might relate to deleterious effects of zero gravity on the human body.

Business

Modi, Ghani talk strengthening of anti-terror cooperation

There are no hidden deals between India and Afghanistan". "We are concerned by the recent spike of Afghan refugee returns and the challenges that this sudden influx presents for returnee re-integration programmes". The worldwide community has reiterated its commitment of support to Afghanistan in the areas of security and economic development upto 2020. On Sunday, the Indian Prime Minister and Afghan President will jointly inaugurate the two-day summit being attended by around 40 foreign ...

Business

US oil rig count spikes by 21

That compares with an average of 978 oil and gas rigs active in 2015 and an average of 500 so far in 2016, according to Baker Hughes data. The Canadian rig count is up 30 rigs from last week to 230, with oil rigs up 17 to 117 and gas rigs up 14 to 112.

Business

Oil retreats on doubts OPEC cuts can ease glut

Brent crude oil, a global benchmark for Russia's main export, was down 0.3 percent at $53.78 a barrel. Russia's top oil producers have supported the Kremlin's plans for cuts to oil production, a news report said. Futures slid as much as 1.7 percent in NY after advancing 15 percent over the previous four sessions. OPEC's production agreement is supposed to begin in January, but markets are already reacting to the impending cuts.

Business

Trump chooses former WWE exec McMahon for small business

Mrs. McMahon is a wrestling magnate and politician (as a member of the Republican Party) who has made a notable career in developing WWE with her husband, Vince McMahon. McMahon's ties to Trump go back to the 1980s, when WWE would hold a pay-per-view event at Trump Plaza in Atlantic City, New Jersey. Unlike McMahon, however, Ms.

Business

Pipeline protest arrests strain North Dakota's court system

He said the temporary dwellings pose serious public safety concerns. For many who agree with the protests in Standing Rock but can't physically make their way to North Dakota to show their support, it can seem hard to show solidarity outside of a donation or a Facebook post.

Business

Prosecutors say these big retailers are deceiving shoppers

It was later marked down to $21. But lawyers say the top was never actually sold at the $46 price. According to the lawsuits against JCPenney [ PDF ], Kohl's [PDF], Sears [PDF], and Macy's [PDF], each retailer falsely claimed their merchandise previously sold at far higher "original", "regular", and "list" prices in order to create a false sense of value and to persuade customers to purchase the merchandise.

Business

Oil prices fall as production creeps up

After the announcement, oil prices rose to a 16-month high, with Brent crude trading at $55.33 per barrel on the worldwide market and US West Texas Intermediate ( WTI ) trading at $52.42 per barrel. Oil prices edged up on Thursday, supported by a weaker dollar ahead of next week's Federal Reserve meeting and by a drawdown in US crude stockpiles.

Business

Italy president starts talks to seek way out of political crisis

The Italian prime minister announced his intention to resign at 7 p.m. this evening via a Twitter message. Before tendering his resignation, Renzi spoke to a gathering of his Democratic Party, telling them that an "internal transition" was needed in the name of transparency to make the party stand out to voters.

Business

Trump picks billionaire Wilbur Ross for Commerce secretary

That is why I am proposing a package of ethics reforms to make our government honest once again", Trump announced in an October 18 press release. On trade, he stands by Trump's general framework of taking a tough stance, and cutting business taxes and reducing regulation.

Business

Antetokounmpo gets triple-double, Bucks beat Blazers 115-107

They are now holding the eighth place in the Western Conference with three wins more than the Los Angeles Lakers. Damian Lillard led the Trail Blazers with 30 points, while CJ McCollum added 23. Al-Farouq Aminu returned from a hamstring injury that caused him to miss 13 games, Monday against Chicago so that will be another added boost defensively.

Business

Blocking Supplies To Pipeline Protesters Would Be 'Huge Mistake,' ND Governor Says

More than 2,000 USA military veterans plan to form a human shield to protect protesters of a pipeline project near a Native American reservation in North Dakota, organizers said, just ahead of a federal deadline for activists to leave the camp they have been occupying.

Business

Protesters celebrate as army halts Dakota pipeline work

The site is about a half-mile from the Standing Rock Reservation, but the U.S. Government granted the land to the Sioux Tribe in the 1851 Treaty of Fort Laramie. The Dakota Access pipeline would use a almost identical route to cross Lake Oahe near the Standing Rock reservation. The multi-billion, 1,200-mile (1,900 km) pipeline, crossing four states, is meant to slash the costs of transferring crude.

Business

India's central bank says cash crisis is hurting the economy

Real estate bosses in India are disappointed that the Reserve Bank of India (RBI) held interest rates. Accordingly, the BSE bank index was also trading with gains of 0.68 per cent at 21,218.24 points at 11.46 hours. The Reserve Bank attributed the 50-bps lowering in its GVA growth estimate to 7.1 per cent this fiscal year to the lower-than-expected expansion in the second quarter and not to demonetisation that has hurt consumption activity massively.


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