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Business

John Glenn, American hero and astronaut has died at age 95

Glenn was a highly-decorated Marine who flew 59 combat missions in the South Pacific during World War II. Obama said Glenn "always had the right stuff", a reference to Tom Wolfe's 1979 book The Right Stuff about the first class of USA astronauts, which was made into a Hollywood movie in 1983.

Business

Senior judges begin hearing appeal against Brexit ruling

The government immediately appealed that decision, and this week an 11-judge panel in the Supreme Court is being asked to overturn the High Court ruling. Parliament had had the opportunity to restrict the government's power to trigger Article 50 , but had chosen not to do so, he added. Senior Leave campaigners backed the government's stand last night, and warned the judges to butt out of the Brexit process.

Business

Amazon's first brick-and-mortar grocery store reshapes shopping experience

No lines, no cashiers . All they said is that they will be utilizing a " just walk out technology " which is made up of "computer vision, sensor fusion, and deep learning", which they say is what other companies use for their self-driving tech.

Business

BC again has lowest jobless rate in Canada; national rate down slightly

The unemployment rate fell to levels not seen since August 2007 , before a bubble in the U.S. housing market began to burst. Canada's unemployment rate fell for the first time in five months in November as people dropped out of the labor force and companies added part-time workers.

Business

Sales, profit at Sears continue downward spiral

Gross margin fell to 19.1 percent from last year's 21.9 percent, on lower sales and weak margin in both the Kmart and Sears Domestic segments. The company lost $748 million in the most recent quarter, up from the $454 million loss in the year-ago period.

Business

Rail chaos looms after judge backs strike by drivers

Govia Thameslink Railway (GTR) argued in the High Court that the action would unlawfully restrict freedom of movement provisions under European Union law, but judge Michael Burton refused to grant an injunction blocking the strikes. "We brought this action for the benefit of our passengers". Mick Whelan, general secretary of Aslef, said: "Southern, Britain's worst private train company, has wasted shareholders' money, passengers' money and taxpayers' money - because the company has been ...

Business

OPEC countries agree to first production cut in 8 years

Earlier in the session, prices jumped as much as 5.2 per cent to US$54.53 a barrel, the highest level since July 27, 2015. Brent Crude for February delivery is up at $51.74, with January contract changing hands for $50.47. "OPEC has agreed to an historic production cut ", analysts at AB Bernstein said. "The latest headlines suggest that while there is a broad agreement on the rationale for a cut, political considerations and country level quota negotiations are so far preventing a deal from ...

Business

John Kasich to Electoral College: 'I Am Not a Candidate'

The Dallas paramedic previously indicated he would support Trump . "Under Michigan law, I am obligated to vote for Donald Trump ", said Holmes, an elector and retired Hope College political science professor. "This National Popular Vote legislation will add OH to the compact of states that believe, in a true Democracy, the candidate with the most votes wins".

Business

Pre Session Movers- Host Hotels & Resorts, Inc. (NYSE:HST), BB&T (NYSE:BBT)

Company latest quarter ended on 31 Oct 2016. The correct version of this article can be read at https://www.thecerbatgem.com/2016/12/09/host-hotels-resorts-inc-hst-shares-bought-by-bank-of-montreal-can.html. The business's revenue was up.9% compared to the same quarter previous year. During the same quarter past year, the business posted $0.57 EPS. Xenia Hotels & Resorts Inc (NYSE:XHR) has risen 20.90% since May 6, 2016 and is uptrending.

Business

Trump's pick for labor secretary gets an SEIU groan

According to the Washington Post , Puzder has been a staunch opponent of raising the federal minimum wage to $15 per hour, a push now commonly referred to as the "Fight for $15" movement. But Vicki Shabo, vice president of the National Partnership for Women and Families, said Thursday that Puzder's views on women "were deeply troubling".

Business

MGM Resorts International reiterated as Outperform By Telsey Advisory Group

Over the last twelve months MGM Resorts International's stock price has increased from 22.06 to 29.61, a change of 34.22%. MGM Resorts International reported its last Earnings on Nov 07 BMO where the company reported Actual EPS of $0.58/Share whereas, the Analyst Estimated EPS was $0.11/share.

Business

Sears Holdings posts loss for fifth straight quarter

Losses, adjusted for non-recurring costs, were $3.11 per share. The retailer announced on Tuesday that it planned to "accelerate" the closing of at least 50 "unprofitable stores". Sears' cash and equivalents fell 12% to $258 million in the period. Sears' sales have dropped from $41 billion in 2000 to $15 billion in 2015.

Business

Palisades Nuclear Power Plant To Close In 2018

An earlier agreement committed Consumers to purchase almost all of the power that Palisades generates through April 2022. However, the agreement's prices exceed market prices and escalate each year, reaching $61.50/MWh in 2022. The Palisades Nuclear plant first opened in the early 1970's. Entergy Corporation says "the plant generates 811 megawatts of virtually carbon-free electricity, enough to power more than 800,000 homes".

Business

UK PM May faces parliamentary rebellion over Brexit plan secrecy

Despite having his luggage accidentally diverted to Birmingham, he told the Olive Press he was "more than ready" for the historic showdown. "That's what we've done and we now wait and see what the Supreme Court has to say in the matter". Only a new law could start a process which would inevitably take those rights away, the lawyers say. The government has now said it will not oppose the Labour motion when it goes to a vote on Wednesday, but the amendment means that MPs will not be able to ...

Business

Andrew Puzder was accused of abusing his first wife in the 1980s

Although just 11.1 percent of US workers were represented by a union in 2015 - down from 20.1 percent in 1983, the first year government statistics were kept - labor unions are a powerful force in Democratic politics. "He should come to Seattle and learn what high minimum wages and strong unions can do for not only workers but for building strong local economies", Rolf said Thursday.

Business

In confession, Roof said he planned to kill self

The man accused of murdering nine people in a church basement in Charleston , S.C., past year told investigators he is guilty, according to a confession video played in court on Friday. Asked by an investigator if his crime made him feel "glad", Roof said: "I had to do it". A "Secret Santa" paid off 194 Wal-Mart accounts, giving a gift of joy worth $46,000 to shoppers with layaway accounts at the retailer.

Business

Coca-Cola chief executive Muhtar Kent to step down next year

The furniture retailer beat management's expectations on both the top and bottom lines as revenue ticked up by 3% and adjusted net income plunged to $0.20 per share from $0.65 per share a year ago. The longtime Coke veteran was appointed company president by Kent last August after two years at the helm of the soda giant's Europe Group. As of 20161209 Zacks anticipates earnings estimates of $0.51 for the fiscal year ended 2017.

Business

Grammys: The nomination snubs and surprises

Adele also walked away with five nominations, including record of the year . The British singer will compete for the award with Beyonce's Lemonade , Drake's Views , Justin Bieber's goal and Sturgill Simpson's A Sailor's Guide To Earth .

Business

Donald Trump to Remain Executive Producer on 'Celebrity Apprentice'

Trump will get more than just credit: He will also receive a fee for every episode that's "likely to be in the low five-figures, at minimum", Variety reports , noting that MGM, not NBC, will be paying Trump - MGM, Burnett's company, produces the reality TV show, and NBC licenses and broadcasts it.

Business

Italy treasury considers hiking Monte Paschi stake via debt swap

More generally, Mario Draghi and the European Central Bank are now in charge of maintaining the big Italian banks by buying Italian government and corporate bonds from them-as they were already doing on Monday. Five of the six worst-performing stocks this year on Italy's benchmark FTSE MIB Index are banks. President Sergio Mattarella is now holding political consultations to try and reach an agreement on who should be made caretaker PM.

Business

Governor, unions reach deal to restructure pension debt

But Malloy maintained doing nothing could result in state payments - out of the General Fund - eclipsing $4 to $6 billion for each year in the 2030s, for which drastic cuts to services or unprecedented tax increases would be necessary. "This agreement at last moves us to a funding system that does its job for the people of the state and the employees who serve them". "But it does not include critical issues such as pension benefits and individual contributions that must be addressed if the ...

Business

Italy bank shares rise on bailout hopes

The ECB had no immediate comment Friday. The group added that the rescue should be financed by raising Italy's budget deficit. The Italian government could be forced to inject billions of euros into the bank to avoid it being wound down.

Business

Gender pay gap by profession revealed in new website

They set out how employers should calculate and report on the gender pay gap within their organisation from April 2017. The key changes in the Regulations as compared to the February 2016 version are summarised below. The gender pay gap is calculated by taking the difference between average hourly earnings (excluding overtime) of men and women as a proportion of men's average hourly earnings.

Business

Oil Prices Dip As Output Rises From OPEC, Russia

International Brent crude oil futures were trading at $53.69 per barrel at 0131 GMT, down 24 cents, or 0.45 percent, from their last close. Brent futures LCOc1 fell 93 cents, or 1.7 percent, to settle at $53.00 a barrel, while USA crude CLc1 lost $1.16, or 2.3 percent, to settle at $49.77.

Business

SoftBank's $50 bln US pledge is the easy bit

The investment, announced jointly by Trump and Son in the lobby of Trump Tower in Manhattan, would come from the $100 billion investment fund the head of SoftBank is setting up with Saudi Arabia's sovereign-wealth fund and other potential partners, according to the Wall Street Journal .

Business

World Vision says hundreds affected by Solomon Islands quake

A strong 7.0-magnitude quake struck approximately 100 kilometers (km) west of Peka Island in the Solomons at 0610 AEDT at a depth of 88 km., Geoscience Australia said in a statement. Speaking from the capital Honiara, Suzy Sainovski, World Vision's Pacific Timor-Leste spokeswoman, said it has been hard to get a full assessment from some more remote communities, some of which don't have cellphone coverage.

Business

Shares in troubled Italian bank plunge amid bailout fears

Other Italian banks' shares were also down with UniCredit falling 3.4 percent and Banco Popolare 7.4 percent lower. Advisers on the Monte dei Paschi deal such as JP Morgan Chase are still scrambling to find willing partners, Italian media report.

Business

Berenberg Gives Legal & General Group PLC Price Target With Potential 27% Upside

Carillion PLC has 430,200,000 shares in issue which have a share price of 242.1 giving Carillion PLC a market capitalisation of 1.04B GBp. Barclays PLC reiterated an "equal weight" rating and issued a GBX 920 ($11.69) target price on shares of Pearson plc in a research report on Wednesday, August 31st.

Business

Amazon opens a grocery store with no checkout line

Amazon's Just Walk Out Technology does it all, ensuring the customer's Amazon Go virtual card is charged only for the items they have taken, with the receipt sent straight to the app immediately. Amazon said it began working on the technology in 2012. If that were not enough, they are making the shopping experience for their retail customers much more efficient, giving consumers an easy way to shop and pay without any of the hassles normally found at places like Wal-Mart.

Business

Why oil prices are suddenly surging

He further noted that non-member Russian Federation had committed to cutting 300,000 barrels a day (bpd) from its output of more than 10 million. Before news of the deal emerged, oil prices jumped more than 8 per cent to a five-week high as some of the world's largest oil producers gathered in Vienna to try to agree a production cut .

Business

Biden urges Canada to fight climate change despite Trump

The Canadian government on Friday reached a deal with eight of the 10 provinces to introduce a landmark national carbon price, which Prime Minister Justin Trudeau says will help Canada meet its worldwide climate change obligations. This comes as Trudeau is anxious about the USA potentially making plans against reducing carbon emissions under President-elect Donald Trump, who called global warming a "hoax".

Business

Asian shares meander as ECB-inspired rally fades

The 2-year German bund yield sank on Thursday, while the 10-year bund yield rose as long-dated debt were sold on the ECB's decision to reduce the buying amount while widening the overall maturity range of its purchases. Yet, by having reduced the scale of the ECB's monthly bond purchase program, Mr. Draghi would be less well equipped than before to provide such support without having the European Central Bank reverse policy course.

Business

Kimco Realty Corp. (KIM) Receives $31.72 Consensus PT from Analysts

Shares of Capital Bank Financial Corp. 10/22/2015 - Realty Income Corporation was upgraded to "buy" by analysts at Bank of America Merrill Lynch. Trust Co acquired a new stake in shares of Realty Income Corp. The stock of Kimco Realty Corp (NYSE:KIM) earned "Buy" rating by Argus Research on Wednesday, December 16. The DividendRank report noted that among the coverage universe, KIM shares displayed both attractive valuation metrics and strong profitability metrics.

Business

Labor Secretary Contender Puzder Meets Again With Trump

In the past few years, labor organizers have been uniting with low-wage workers, including those from the fast food industry, to call on Congress to raise the federal minimum to $15 per hour. No one can say Puzder is unfamiliar with the Labor Department's work. Puzder has been an outspoken critic of some of the Obama administration's most prominent labor initiatives, including its joint-employer rule .

Business

Cabrera Bello extends lead at Hong Kong Open

I know I will win again. A bogey from Brazel on the ninth - his penultimate hole - then provided the Spaniard with a cushion as he goes in search
of a first win in nearly five
years. Veteran Thai player Thongchai Jaidee is in T7 while defending champion Justin Rose is ten shots off the pace on one under. The Olympic champion said he was moving more freely on day two but after a number of missed putts, the tournament is slipping out of reach.


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