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Business

New notes worth Rs 93 crore unearthed in Bengaluru raid by ED

Officials from Enforcement Directorate posed as clients to bust a major black money conversion racket largely in Karnataka. According to reports, all the 7 middlemen have been arrested and further investigation in the case is underway. "The said accused had supplied new currencies on many earlier occasions to Jayachandra through Prasanth and they fell into trap while making one such effort to supply new currency on December 4".

Business

Case Against Officer Who Shot And Killed Walter Scott Ends In Mistrial

There were no outbursts in the courtroom, and Slager's lawyer Andy Savage did not comment. The family of Walter Scott says despite jurors' inability to reach a unanimous verdict in the trial of the man who killed their son, they remain confident that justice will be done.

Business

New safe-injection site bill expected from Liberals

While Justice Minster and Solicitor General Kathleen Ganley says the increased authority for Canada Border Services Agency will help stem the tide of illegal drugs being shipped into Alberta, making it harder for organized crime to distribute large quanities of fentanyl and other opioids.

Business

Trump comments of 'serious concern': China

If Trump undermined the One-China principle and supported Taiwan "wantonly" by ramping up weapons sales, China would offer support or "even military assistance to USA foes", the paper said, according to Taiwan news . On Sunday, he told Fox News Sunday that he would not feel "bound by a one-China policy unless we make a deal with China having to do with other things, including trade".

Business

Non-OPEC oil producers to cut output 558000 barrels a day

January crude oil contracts were at US$53.63 per barrel as North American stock markets opened - up $2.13 from late Friday. "For the most part the market is kind of consolidating", said Ric Navy, senior vice president for energy futures at RJ O'Brien & Associates.

Business

Carpetright profit slumps on uneven demand, sterling depreciation

The shares fell 15p to 184.8p. The group said it had seen a promising start to the second half with United Kingdom like-for-like sales up 2.6% in the six weeks to 10 December and its business in Europe also seeing an upturn. Analysts at Shore Capital said: "Today's results highlight that Carpetright is very much a work in progress and that patience will be required as management drives change through the core estate".

Business

Rs 33 lakh cash in 2000 rupee notes seized; 5 held

Rajasthan Police on Monday recovered at least Rs 64 lakh cash from Jaipur. The duo and the money seized were handed over to the income tax authorities. "Police have also seized Rs 28 lakh from their possession", Gupta said, adding the other accused, both policeman, are absconding. "Based on the intelligence input, Vaishali Nagar SHO Bhopal Singh carried out a search operation under Khatipura flyover and a suspicious SUV with Haryana number was spotted", Ratan Singh said.

Business

Analysts showing optimistic trends for: Delta Air Lines, Inc. (NYSE:DAL)

The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/12/13/ameriprise-financial-inc-sells-3027360-shares-of-delta-air-lines-inc-dal.html. The ex-dividend date was Tuesday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 1.62%. If you are accessing this report on another publication, it was copied illegally and reposted in violation of US & worldwide copyright & trademark law.

Business

Revenue Estimates Analysis of: Newell Brands Inc. (NYSE:NWL)

The mean price target is calculated keeping in view the consensus of 14 analysts. During last 5 trades the stock sticks nearly -0.33%. The company has a 50 day moving average price of $47.78 and a 200-day moving average price of $50.12. Newell Brands Inc (NYSE: NWL ) shares moved to $45.53 after starting the day at $45.16, on Friday. 15 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms.

Business

Rs 12.44 trillion has been collected at banks till date

It wiped out 86 per cent of the money in circulation. The deposit data available now, however, suggests that a large part of invalidated currency has returned to the banking system. RBI has printed 1.8 bn notes of Rs 2,000 and Rs 500. The RBI deputy governor urged the public to use their paper currency instead of hoarding it. But Modi says it was necessary to crack down on India's shadow economy, although Indians have resorted to ingenious ways to try to deposit their undeclared assets, ...

Business

Monsanto shareholders approve Bayer's $57 billion takeover

Almost 99 per cent of Monsanto shareholders who voted on the deal supported the transaction, Monsanto said. The chief executive of US seed giant Monsanto Co. Bayer is based in Leverkusen, Germany, and Monsanto's headquarters are in St. Louis. "If you are a farmer, consumer, or any of the pollinators critical to our nation's food supply-such as the bees and monarch butterflies facing massive new threats from pesticides in recent years-this big business merger could be very bad news", she ...

Business

China's billionare warns Trump curbs could cost thousands of jobs

Any move to curb investment by Chinese companies in the USA after Donald Trump is sworn in as president could put at risk the jobs of 20,000 Americans employed by Dalian Wanda Group Co., Chairman Wang Jianlin has warned. He was responding to a question about United States lawmakers' increasing scrutiny of Chinese acquisitions of American entertainment assets. The Chinese conglomerate also owns movie studio Legendary Entertainment LLC and has agreed to buy Golden Globe Awards producer Dick ...

Business

Dow, S&P 500, Nasdaq all close at new records again

All 11 primary groups in the S&P 500 Index advanced. The S&P 500 added 0.4 percent at 2,265.03 at 9:35 a.m.in NY. The Nasdaq is up 405.13 points, or 8.1 percent. The energy sector was the leading sector on Monday, with the Vanguard Energy ETF (VDE) up 0.38%. The central bank has held interest rates at close to zero since the Great Recession in hopes of driving economic growth, though the low rates have also squeezed savers looking for income from bank accounts and bonds.

Business

Peregrine Pharmaceuticals Inc. (PPHM) Posts Earnings Results

The Company Touched its 52-Week High on April 7, 2016 and 52-Week Low on Sep 12, 2016. Average Revenue Estimate of the company for the current Fiscal Quarter is $3.5 Million, according to consensus of 2 analysts. That means the share price went down -5.60% from its 52-week low and trades up 42.81% versus the highest price the stock has traded at during the previous year.

Business

Uttar Pradesh: Cabinet approves 7th Pay Commission's recommendations ahead of Assembly polls

The UP CM also said that the decision is in favour of the people. Yadav, while speaking to CNN-News18, claimed that the pay hike is a people friendly move and will help more than 24 lakh employees. As per the recommendations, the entry-level minimum salary (VI class employees) would become Rs 18,000 while the maximum for Chief Secretary would stand at Rs 2.25 lakh.

Business

The Growth Forecast For JetBlue Airways Corporation (NASDAQ:JBLU)

According to 3 analysts, the Average Revenue Estimate for the current Fiscal quarter is $1.23 Billion and the Low Revenue estimate is $1.07 Billion, while the High Revenue estimate is $1.35 Billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 6.24% where SMA50 and SMA200 are 15.91% and 18.54% respectively. The stock has earnings growth of N\A yoy and showed a high EPS growth of 43.80% over the past five years.

Business

Next Weeks Broker Price Targets For Procter & Gamble Company (The) (NYSE:PG)

During the last six months the stock climbed 3.78%. While looking at the Stock's Performance, The Procter & Gamble Company now shows a Weekly Performance of 2.39%, where Monthly Performance is -1.82%, Quarterly performance is -3.66%, 6 Months performance is 3.78% and yearly performance percentage is 12.02%.

Business

Corruption, scams peaked during Congress regime: Arun Jaitley

Therefore, the future taxation level would be much higher than what is now being collected. He pointed out that between 2004 and 2014, high denomination currencies increased from a mere 36 per cent to over 80 per cent. Demonetisation, he said, is part of the system overhaul by the NDA government. Jaitley said it has come to the notice of the government that some unscrupulous people, including some in the banking system and others, have been trying to subvert the system once again and have ...

Business

Winnipeg Tops List In National Health Ranking

Montreal landed at the bottom of the list with a D grade, "performing so poorly in all categories that its final ranking is set apart from the other metro areas", the report says. Among the ten Canadian cities examined, Toronto had the lowest rate of cancer, and the lowest percentage of adults diagnosed with chronic pulmonary disease.

Business

Boeing to lower 777 rate to five monthly in August 2017

Boeing's quarterly payout to shareholders was increased to $1.42 a share, up 33 cents a share from $1.09 a share previously, to yield 3.6%. The company has consistently paid a dividend to shareholders for more than 75 years and has raised the quarterly payment about 190 percent over the past four years.

Business

Cuisinart food processor blades recalled

Conair is replacing 8 million blades used in Cuisinart food processors, after 30 people reported mouth lacerations or tooth injuries after eating food that had fragments of metal caused by cracking in the blades. The blades have four rivets and are silver-colored stainless steel and have a beige plastic center hub. Conair, which owns Cuisinart, says the blade can crack over time.

Business

Coal demand growth to stall as appetite wanes: IEA

Lower demand from China and the USA, along with fast growth of renewables and strong focus on energy efficiency in countries such as India, will bring down the share of coal in the mix of fuels used for generating electricity to 36% by 2021 from 41% in 2014, marking a decline of more than 12%.

Business

Apple's AirPods are now available for purchase

According to Apple , AirPods will arrive in Apple Stores and carrier stores starting next week. The impact on you at home: Apple will likely have limited supply of AirPods at launch-at 10:30 a.m. Apple is apparently having trouble syncing audio between the two separate wireless earphones, a source familiar with the development of the AirPods told the Journal .

Business

Unarmed, Elderly Man With Dementia Shot Dead By California Police

Police shot Francisco Serna after a witness pointed at him, according to the Times . Serna worked for years at a cotton gin in McFarland and retired in the early to mid-2000s, his son said. He had shown signs of dementia since 2015, but his symptoms seemed more pronounced in the past month. He went on to say that in his golden years, his father should have been spending time with his loving family, not being surrounded by gunfire.

Business

One Stock Analysts Are Watching - Lexington Realty Trust (NYSE:LXP)

A number of other institutional investors have also added to or reduced their stakes in VNO. Advisors Asset Management Inc. now owns 16,971 shares of the real estate investment trust's stock worth $472,000 after buying an additional 332 shares in the last quarter.

Business

Mediaset Expresses Alarm Over Feared Vivendi Hostile Takeover Attempt

That deal fell through and Mediaset and Fininvest subsequently filed suit against Vivendi. Mediaset says it had not been informed of Vivendi's intentions, which were announced Monday and come as the two companies spar in court over a partnership agreement they signed in April.

Business

Trump picks Exxon CEO Rex Tillerson as US secretary of state

Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee. Tillerson dealt with Russian Federation extensively as Exxon CEO, and received the Order of Friendship decoration from the country in 2013. The New York Times reported Monday that Exxon has billions of dollars in oil deals that can only go through if the USA lifts sanctions against Russian Federation that aim to pressure the country for its actions in eastern Ukraine .

Business

Data breach exposes health info of 34K Quest Diagnostics patients

The stolen data includes names, birth dates and lab results, but not Social Security numbers or credit card accounts. A third party obtained the information by hacking into the Madison, N.J. The portal that hackers targeted contains information from more than 3 million people, Gorode said. Quest said Monday it is working with a cybersecurity firm and law enforcement to investigate the breach, while taking steps to prevent similar incidents from recurring.

Business

Junaid Jamshed's body identified, funeral arrangements underway

Addressing the media outside his residence in Karachi , Humayun Jamshed said, they would wait for DNA results till Wednesday, following which they will bring Junaid's body to Karachi . Last week, Jamshed was travelling from Chitral to Islamabad in flight PK-661 when the aircraft crashed near Abbottabad, killing all 48 people on board.

Business

Italy's largest bank to shed jobs in aggressive overhaul

MILAN/LONDON, Dec 13 (Reuters) - Italy's largest bank, UniCredit, plans to raise 13 billion euros ($13.8 billion) in the country's biggest-ever share issue to shore up its balance sheet and shield itself from a broader banking crisis. These moves are created to generate EUR1.7 billion net annual recurring cost savings from 2019, helping the lender make a EUR4.7 billion net profit despite weak revenue growth.

Business

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock Down -3.28% in Tuesday's Premarket

The rating was downgraded by Wells Fargo to "Market Perform" on Tuesday, September 1. The current price is at $27.63, indicating a downward gap of -5.62%. The stock has a 50 day moving average of $24.36 and a 200-day moving average of $21.59. For the most recent period which ended on 2016-09-30, Patterson-UTI Energy, Inc.'s EPS was reported as $-0.58.

Business

Company: Equipment didn't detect North Dakota oil leak

If it's not "solved" by the time he's scheduled to take office in January, the US president-elect vowed quick action on the Dakota Access oil pipeline. "Obviously there will be some component of the cleanup that will go toward spring". The Poplar Pipeline, operated by a True Companies subsidiary, leaked about 30,000 gallons of crude oil into the Yellowstone River in eastern Montana in 2015, prompting a town to shut down its drinking water service to 6,000 residents, the Casper Star ...

Business

David Moon: Fed rate increase irrelevant

The Fed last raised interest rates in December 2015. US monetary policymakers are widely expected Wednesday to announce an increase to the overnight federal funds rate by 25 basis points, to a 0.50-0.75 percent target range. If, as expected, the Fed raises the federal funds rate by a quarter of a percentage point, then the prime rate will rise to 3.75 percent. USA gold futures were down $3.90 at $1,161.90.

Business

Active Movers - Marathon Petroleum, (NYSE:MPC), Southern Company, (NYSE:SO)

BlackRock Group LTD now owns 8,719,540 shares of the company's stock worth $353,925,000 after buying an additional 114,238 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Marathon Petroleum Corp.by 15.3% in the second quarter. Analysts mean target price for Marathon Oil Corporation (NYSE:MRO) is $18.64 while their mean recommendation is 2.50 (1=Buy, 5=sell).

Business

The global oil surplus will disappear in 2017

The Organisation of the Petroleum Exporting Countries agreed on November 30 to cut output by 1.2 million bpd to 32.5 million bpd for the first six months of 2017, together with another 558,000 bpd in cuts from the likes of Russia, Oman and Mexico.


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