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United States 10 Year Treasury Yield Hit 2.5%

The U.S. Treasury Department sold the latest 30-year bond issue at a yield of 3.152 percent, the highest for this maturity at an auction since September 2014, Treasury data showed. "At the moment, worldwide investors seem to have a relatively low appetite for Treasuries due political uncertainty", said Tom di Galoma, managing director for Treasury trading at Seaport Global.

Business

RYAN Reynolds and Blake Lively recently welcomed their second child

The Reynolds family is finally out in full force. His thank you to his mother, Tammy, was just too sweet to handle. After Reynolds made his speech, he posed for photos alone before Lively, James and their youngest joined him on the red carpet.

Business

Nusli Wadia Files Defamation Suit Against Tata Sons In Bombay High Court

In the Cyrus Mistry-Ratan Tata spate, there was an extraordinary general meeting (EGM) called by Tatas to oust Wadia apart from Mistry, from some of the Tata companies, where he has been holding the post of non-executive independent director.

Business

Providers to contribute to intermediary FSCS claims: FCA

And ABI head of conduct regulation James Bridge said he did not see the connection the FCA had made to asking insurance providers to pay more, arguing "the extent to which an insurer can have direct influence or prevent an intermediary failure is pretty minimal".

Business

Gold falls ahead of US Fed meeting

December 14 (BusinessDesk) - The New Zealand dollar was little changed against the United States dollar and reached its highest level this year against the yen ahead of the outcome of the Federal Open Market Committee's two-day meeting which will show how quickly the central bank intends raising interest rates.

Business

Consumer inflation slows in November

Average hourly earnings fell 0.1%, prices rose 0.2% and the average workweek was unchanged from October. Food prices were down 0.4% from November 2015 and energy prices rose 1.1% on the year. Food consumed at home declined for a seventh consecutive month. Airfares decreased 1.3 percent. The index for medical care rose 4% on the year in November and shelter costs were up 3.6% from a year earlier.

Business

States Sue Generic Drug Companies Over Price-Fixing Allegations

Department of Justice. In a 56-page complaint [ PDF ] filed in a federal court in CT, attorneys general for the plaintiff states accuse Aurobindo Pharma USA, Citron Pharma, Heritage Pharmaceuticals, Mayne Pharma, Mylan Pharmaceuticals, and Teva Pharmaceuticals USA of participating in a "broad, well-coordinated and long-running series of schemes to fix the prices and allocate markets for a number of generic pharmaceuticals in the United States".

Business

Asset Advisors Corp Continues to Hold Position in FedEx Corp. (FDX)

Fedex Corporation has 265,759,000 shares in issue which have a share price of 198.62 giving Fedex Corporation a market capitalisation of 52.79B United States dollars. were worth $5,036,000 at the end of the most recent reporting period. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/12/15/fedex-corp-fdx-given-outperform-rating-at-oppenheimer-holdings-inc.html.

Business

Hot Performer of the day: Xerox Corporation (NYSE:XRX)

Shares registered one year high at $48.93 and the one year low of $33.98. We have $9.46 PT which if reached, will make NYSE:XRX worth $441.50 million more. The insider owns 575,681 shares as of less than 0.1%, now worth $5181129. Guardian Tru Co, a California-based fund reported 1,191 shares. If stock surges over $-2.38, it will best price of 52-week.

Business

Two Former Pharm Executives Charged in Generic Drug Price-Fixing Scheme

Twenty state attorneys general filed a lawsuit on Thursday against several pharmaceutical companies, accusing them of entering into "numerous illegal conspiracies" to fix generic drug prices at consumers' expense. Spiraling drug prices have raised ire on Capitol Hill recently, landing Mylan in lawmakers' crosshairs amid allegations of price-gouging for upping the price of its EpiPen allergy shot some 500 percent in recent years.

Business

Starbucks' New Holiday Drink: Fruitcake

The drink is an easy spin-off since it uses ingredients already in-house; the dried fruit is the same as what's sprinkled on top of the chain's breakfast oatmeal. Year after year, Starbucks is goes through the seasonal exercise of inventing holiday-themed drinks, which in 2016 also include Peppermint Mocha and a variety of lattes including Caramel Brulée, Eggnog, Chestnut Pralinee and Gingerbread.

Business

Yields advance on Fed rate hike outlook

The Fed's more hawkish stance is in response to higher inflation forecasts, which stem from an improving economy, Donald Trump's pledge to spend billions on infrastructure when he becomes president, and other factors. TOKYO, Dec 16 Japanese authorities are investigating banks' ability to manage interest-rate risk, people involved in the discussions say, with the US bond market leading a surge in global yields that could mean problems for banks holding large bond investments.

Business

Shell's new global CFO Jessica Uhl has ties to Houston

Shell said its board "believes that planned succession of executive directorships is good for the company, and prefers to bring on new executive directors at times of company stability and strength". She also led the sale of Shell's solar assets. The oil-industry downturn has made this sale hard, prompting credit-rating companies to warn that the company's record debt won't start shrinking soon enough.

Business

Boohoo.Com PLC (BOO) Receives "Hold" Rating from Liberum Capital

A number of other equities research analysts have also recently weighed in on the stock. Today there are 1,123,267,000 shares in issue of Boohoo.com Plc which are now trading at 127.75 which brings the business's market capitalisation to 1.43B GBP.

Business

Georgia unemployment rate climbed slightly in November

The labor force participation rate for White workers, which is the share of workers either employed or looking for jobs, continued a three-month slide and was 62.7 percent in November. "Our over-the-year job growth continues to look good, as we have gained 98,700 jobs since November of last year", Commissioner Butler said. But the highest paying finance and insurance sector climbed 1.2 percent, with 1,300 net new jobs.

Business

Swiss keep rates on hold amid political uncertainty

The phrase "while taking the overall currency situation into consideration" wasn't in the previous policy statement in September. The SNB retained its inflation forecast for this year at -0.4%. The SNB's goal of weakening the franc has also been made more hard by the asset buying of the European Central Bank, which is reducing the value of the single currency by increasing the amount of euros in circulation.

Business

Winter storm continues through tonight, Friday in some areas

A WINTER WEATHER ADVISORY through early Thursday for Missoula and the Bitterroot Valleys east to the Butte area. Wednesday will be cloudy with highs in the high teens and low 20s with lows falling into the low teens as snow showers develop during the evening hours.

Business

Athabasca buys oil sands business from Norway's Statoil

However, Statoil says it will maintain a 20 percent stake in Athabasca, which it will continue to manage as a financial asset. In addition, up to Can$250 million will be paid in a series of contingent payments. We are headquartered in Stavanger, Norway with approximately 21,000 employees worldwide, and are listed on the NY and Oslo stock exchanges. Citing concerns over profitability, the company said on Wednesday that it will sell its Kai Kos Dehseh (KKD) assets in the Alberta oil patch to ...

Business

United Kingdom leader May not miffed by missing European Union leaders' dinner

The MP admitted a 10-year period to negotiate a trade deal after Brexit was a possible "very worst case scenario". "Failure of the ratification would be a huge defeat for the EU, Ukraine, a victory for Russian Federation", the senior EU official said.

Business

Dominion Midstream Partners LP (DM) Lowered to "Hold" at Zacks Investment Research

A number of other brokerages have also recently commented on EQM. 06/20/2016 - DCP Midstream Partners, LP had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. In other Dominion Midstream Partners news, Director Dominion Resources Inc /Va/ bought 56,744 shares of the firm's stock in a transaction that occurred on Friday, September 16th.

Business

Water unsafe for use in Corpus Christi

In this Thursday, Dec. 15, 2016 photo, a woman reaches for bottles of water after a recent back-flow incident in the industrial district according to a city news release, at H-E-B in Corpus Christi, Texas . "A lot of schools and businesses are closed today". The chemical in question is an oil-based petroleum chemical, city spokeswoman Kim Womack said.

Business

Pier 1 Imports Inc. Q3 Income Climbs 61%

On Thursday Telsey Advisory Group reiterated its broker consensus on shares of Pier 1 Imports, Inc . They expect $0.12 earnings per share, down 7.69% or $0.01 from last year's $0.13 per share. To take look on ration of tradable shares being shorted in market, float short ration was 11.28%, as compared to sentiment indicator; Short Ratio was 3.77.

Business

Stock With High Volume: Abercrombie & Fitch Co.'s (ANF)

The number of times the company has met analysts' estimates is 0. Deutsche Bank is following shares of Abercrombie & Fitch Co. Oppenheimer Holdings Inc. Abercrombie & Fitch Co.'s payout ratio is 421.05%. COPYRIGHT VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem.

Business

California adopts energy efficiency rules for computers

And because California is home to one in eight US consumers and manufacturers typically do not maintain separate inventories for different states, the savings are likely to have an impact nationally and even globally. NRDC earlier expressed concerns about potential loopholes in the standards, but the commission has addressed NRDC's most serious concerns. The computer standards set a baseline energy use target and give allowances or "adders" for additional features in a product.

Business

Claims for unemployment benefits fall to 254000

Initial jobless claims, a measure of layoffs across the USA, fell 4,000 to a seasonally adjusted 254,000 in the week ended December 10, the Labor Department said Thursday. Commissioner of Labor John Albin says Nebraska's average unemployment insurance tax rate has fallen for the sixth straight year. The four-week moving average increased to 257,750 last week, from 252,500.

Business

Price Target Analysis: General Electric Company (NYSE:GE)

Swiss National Bank now owns 147,300 shares of the company's stock worth $6,499,000 after buying an additional 800 shares in the last quarter. Catamount Wealth Management raised its position in shares of General Electric by 34.8% in the second quarter.

Business

Beijing issues red alert for severe air pollution

The China National Environmental Monitoring Centre said Beijing and neighbouring Tianjin municipality and Hebei province will suffer from heavy air pollution. Other cities and provinces have yet to issue an air pollution alert, although about a third of Beijing's small particles of pollution causing smog have been found to have been transmitted from nearby regions.

Business

Steady Activities: QUALCOMM Incorporated (NASDAQ:QCOM), Rent-A-Center, Inc. (NASDAQ:RCII)

The company's stock has a market capitalization of $625.63 Million. On 10/6/2016 Qualcomm announced a quarterly dividend of $0.53 3.11% with an ex dividend date of 11/28/2016 which will be payable on 12/16/2016. The company's revenue was up 68.2% compared to the same quarter a year ago. On average, equities research analysts predict that Qualcomm will post $4.74 EPS for the current year.

Business

Melco Crown Entertainment Limited (NASDAQ:MPEL) reported Sales of 4.38 Billion

One of the Company's shareholders, Crown Asia Investments Pty Ltd (" CAI "), a wholly-owned subsidiary of Crown Resorts Limited (" Crown "), has agreed to sell 40,925,499 ordinary shares of the Company to the underwriters, who will resell these ordinary shares in the form of 13,641,833 ADSs, each representing‎ three ordinary shares, in the public offering (such offering, the " Crown Public Offering ").

Business

Price Target Analysis of Cliffs Natural Resources Inc. (NYSE:CLF)

Vetr upgraded shares of Cliffs Natural Resources Inc . (NYSE:CLF) shares declined -4.51% and ended the day at $9.31. Analysts projected the maximum potential price target of $10 however minimum reachable price target is $10 expected by them, according to WSJ data.

Business

Trump team says Twitter too small to be included in tech meeting

However, their $5 million deal wasn't enough for Dorsey to allow the #CrookedHillary emoji , which would have depicted either a figure running away with money or a hand holding a bag of money. We all know how much Trump loves to tweet, but the social media company has fallen out of his favor over an emoji , according to recent reports .

Business

21st Century Fox to take over European broadcaster Sky

It also represents a premium of around 36% to the closing price of £7.90 per Sky share on December 8, the last business day before the start of the offer. A statement from 21st Century Fox said there was a strong rationale for bringing Sky into its business empire. "However, it is understood that Fox believes that the industry landscape has changed significantly since then and that there should be less concern over the impact of a deal on the diversity of viewpoints across the media", ...

Business

Pound sinks as BOE holds rates despite Fed hike

The global economy had strengthened, but so too had the risks facing it. And members said the pound's rally "by itself" pointed to less of an inflation overshoot than expected - which caused sterling to fall as much as 0.8 per cent against the dollar, to $1.2459.

Business

Feeling peckish: Just Eat buys Hungry House for £200m

The acquisition will create an enlarged customer base, while increasing the breadth of choice on offer to United Kingdom consumers through Just Eat's platform. The bank noted that while around 25% of orders could be lost in transition, due to some hungryhouse customers not choosing to migrate to Just Eat , the remaining revenue could come through to Just Eat at a 75% margin given all duplicate costs can be eliminated.

Business

Trending Stocks in Review: Carnival Corporation (NYSE:CCL), Macy's, Inc. (NYSE:M)

Following the transaction, the chief financial officer now owns 47,256 shares in the company, valued at $2,324,050.08. Carnival Corp.'s quarterly revenue was up 4.4% on a year-over-year basis. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of USA & global copyright and trademark law.


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