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US home construction fell in November after October surge

WASHINGTON―New US home construction fell precipitously in November after a spike in October, but a big drop in condos and apartments helped drive the move, the Commerce Department reported Friday. Treasury note has risen. A report from the National Association of Homebuilders released Thursday showed that homebuilders' confidence in market conditions surged to an 11-year high post-election.

Business

Venezuela extends use of 100-bolivar bill until January 2

Maduro told a cabinet meeting that over the next few days, the Central Bank of Venezuela (BCV) will circulate 327 million units of 50 bolivar bills, and 65 million units of a new 500 bolivar note, after deciding to take the 100 bolivar bill out of circulation.

Business

IT Dept seizes Rs. 66 lakh cash in new notes in Hyderabad

During the course of the raid, the officials seized a total of Rs 70 lakhs where Rs 50 lakhs were in the denomination of Rs 500 and Rs 1000 notes . According to IT sources, the team had intercepted certain persons who ran into a nearby apartment.

Business

Environment Canada has issued a snowfall warning for much of Wellington County

And for December 18, 10.2 cm in 1969 and 34 cm in 2007. The regions are under a snowfall warning. Travel may be hazardous due to sudden changes in the weather. "Already the road ways in and around the GTA in the areas that have already been affected by the band have seen traffic slowdown, very poor visibility and a combination of snow and blowing snow in some areas".

Business

Amazon makes drone delivery history

Despite the prospect of half-hour deliveries, some have claimed that the company's drones could be hacked and hijacked. In an effort to load Prime with more Amazon-specific services and deals, Amazon is developing Prime Air - a delivery system created to get packages to customers in 30 minutes or less using unmanned aerial vehicles (aka drones ).

Business

Blac Chyna leaves Rob Kardashian following Instagram account hack

Those keeping up with Kardashian-to-be Blac Chyna may have noticed suspicious activity on her Instagram this evening (Dec. 17). He added , "I thought this was going to be the best year of my life, had a lovely baby Dream and haven't spent Christmas with family in years and I just can't believe she really hurt me this way".

Business

Sarepta Therapeutics Inc (NASDAQ:SRPT) & Applied Materials, Inc. (NASDAQ:AMAT)

Alliancebernstein L P has invested 0% of its portfolio in Sarepta Therapeutics Inc (NASDAQ:SRPT). Investment analysts at Wedbush reduced their Q3 2017 earnings per share estimates for Stemline Therapeutics in a report released on Tuesday.

Business

Michael Sheen is quitting acting to get political

Sheen is known for a variety of hits including " Frost/Nixon ", "The Queen", " Midnight in Paris ", "Kingdom of Heaven" and "Nocturnal Animals". Los Angeles-based actress and comedienne Sarah Silverman would survive the transition. "How I was going to do it emerged over time , and was a lot to do with listening rather than telling", he explained, adding that Trump's victory in the US presidential election but a "massive urgency" on his decision to return home.

Business

India, Tajikistan to step up anti-terror, defence cooperation

Modi stated that he and Emomali Rahmon, President of the Republic of Tajikistan, have agreed to increase the "scope and scale of our economic engagement especially trade and investment traffic" between the two nations. The two countries on the day inked four pacts including one concerning exchange of financial intelligence related to money laundering, related crimes and financing of terrorism.

Business

Banks lead European shares higher after Fed, EDF slumps

The dollar approached a 13-year high against the euro as the prospect of a steeper path for United States interest rates next year filtered through markets. Britain's pound fell 0.7 per cent against the USA currency after the BoE said its inflation target is more attainable than previously predicted. "The market is still in the process of pricing in the new expectations laid out by the Fed's dot plots which suggest now three rate hikes in 2017 up from the previous expectation of two", ...

Business

Google launches Android Things OS for IoT devices

But probably the project has failed to grab the developer's attention. The search giant, Google has been vigorously expanding its Android platform to cover the range of smartphones. Being an open system, the OS will also encourage interoperability. Finally, we're also working towards merging Weave and Nest Weave to enable all classes of devices to connect with each other in a secure and reliable way.

Business

What are analysts Suggestions on: National Retail Properties, Inc. (NYSE:NNN)

Sell-side brokers are predicting that the firm will post $0.68 for the quarter ending on 2016-12-31. Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The business's revenue was down 4.3% on a year-over-year basis. Previously on 11/18/2016, Zacks Investment Research reported on Retail Properties of America Inc (NYSE:RPAI) increased the target price from $0.00 to $17.00.

Business

FBI, CIA: Russia hacks aimed to boost Trump

In his final press briefing of the year Friday, President Barack Obama slammed Russian Federation and its leader, Vladimir Putin, for attempting to meddle in the USA election. "I think it's just another excuse". A second intelligence source tells NPR that media reports from a week or so ago saying there was a gulf between the CIA and the Federal Bureau of Investigation position on the hack were overblown.

Business

Singapore jails second BSI banker on charges linked to 1MDB probe

Levying a fine on the "well-heeled" like Seah isn't a sufficient deterrent, prosecutor Nathaniel Khng said in seeking the prison term. Pleaded guilty to three charges of aiding in forging documents and failing to report suspicious transactions.

Business

After A Long Fight, New Rules Defend Small Farmers. For Now

We believe the rules are necessary to meet the expectations that consumers have when they purchase organic products. Vilsack responded to concerns from the other livestock sectors stems from the proposed rules in 2010 and what was considered normal business practices and whether contracting with a processing would now be considered unacceptable.

Business

What are Analysts opinions on: American Airlines Group Inc. (NASDAQ:AAL)

An investigation by DOT's Aviation Enforcement and Proceedings office found that American Airlines allowed a number of domestic flights to remain on the tarmac for more than three hours without providing passengers an opportunity to deplane.

Business

Actress, husband apprehended for 100 crore real estate fraud

Dhanya Mary Varghese was the director of the sales section of the company. Samson Builders was in the process of constructing apartments and villas and had collected about Rs 100 crore from various clients and another Rs 30 crore from investors offering high rates of returns.

Business

Rubbish and recycling collections over festive period

To stop green recycling going into the black general waste bin, due to residents' green bins being full, the Council is encouraging residents to place any additional recycling they may have in the sacks provided. When you have so much scrap Christmas paper and cardboard than you know what to do with, it's a concern when the collection dates change over the holidays.

Business

General Mills Inc. (GIS) Position Raised by BlackRock Advisors LLC

Sabal Trust CO raised its stake in shares of General Mills by 1.4% in the second quarter. This showed the surprise of 4% in the last quarter earnings. As with most large market cap stocks, it has a good dividend yield of 3.01%. The ex-dividend date is Friday, January 6th. General Mills's payout ratio is 69.82%.

Business

Stock markets pull back as Fed hikes rates

EDT (1509 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 41.65 points, or 0.27 percent, at 15,238.83. The U.S. dollar rose sharply following the Federal Reserve's interest rate hike on Wednesday. Higher bond yields reduce the value of insurance companies' liabilities and increase net interest margins of banks. TD Bank (TD.TO) raised 30-year mortgage rates for the third time this month.

Business

The Courier Capital Corp Cuts Stake in Automatic Data Processing (ADP)

The ratio is positive, as 51 funds sold all Automatic Data Processing shares owned while 376 reduced positions. Duncker Streett And Incorporated last reported 3,458 shares in the company. The shares were sold at an average price of $99.00, for a total transaction of $1,126,224.00. Shares for $434,245 were sold by Bonarti Michael A on Thursday, September 1.

Business

Demonetization will not take much time: Arun Jaitley

Speaking at the annual general meeting of lobby group FICCI , Jaitley said the economic and social consequences of high level of use of cash currency compared to GDP is extremely adverse. The Finance Minister said that the Central GST, Integrated GST and state compensation matter for revenue losses bills are now in the process of getting drafted.

Business

Jefferies Group Comments on Olympic Steel Inc.'s FY2016 Earnings (ZEUS)

The stock's current distance from 20-Day Simple Moving Average (SMA20) is 2.64% where SMA50 and SMA200 are 21.58% and 43.01% respectively. Steel Dynamics Inc. The shares were sold at an average price of $27.00, for a total value of $355,185.00. The company's stock has a market capitalization of $9.52 Billion.

Business

Chipotle, seeking a turnaround, shakes up its board

Chipotle shares are down 31% in the last 12 months, though they rose 2.5% Friday to $392. Pershing Square partner Ali Namvar and former McDonald's Corp CFO Matthew Paull, who serves on the hedge fund's advisory board, join Paul Cappuccio and Robin Hickenlooper as directors of the burrito chain.

Business

Next Weeks Broker Price Targets For Eldorado Gold Corporation (NYSE:EGO)

Zacks Investment Research raised shares of Eldorado Gold Corp. from a "sell" rating to a "buy" rating and set a $4.25 price objective for the company in a report on Thursday, September 15th. Mr. Wright has overseen the Company's continued growth with Eldorado prospering under his 20 years of leadership. David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now.

Business

HealthCare.gov moves sign up deadline to 11:59 PM PST Monday

On top of that, the tax breaks for the wealthy and corporate interests - which take effect nearly immediately - will rob the health system of the money needed for any meaningful replacement legislation Congress might later consider. President-elect Donald J. Trump has promised to repeal and replace the federal law, but it may take several years before there are significant changes.

Business

Abbott Laboratories (NYSE:ABT) increased its quarterly dividend

The latest trading activity showed that the Oclaro, Inc.(OCLR) price went down -15.41% from its 52-week low and trades up 172.78% versus its 52-week high. Silvercrest Asset Management Group LLC raised its position in Abbott Laboratories by 9.0% in the first quarter. This represents a $1.06 annualized dividend and a yield of 2.72%.

Business

Private equity firm plans to buy Neustar for $2.9 billion

Lsv Asset Mgmt accumulated 393,400 shares or 0.02% of the stock. The stock of Neustar Inc (NYSE:NSR) gapped up by $5 today and has $36.02 target or 8.00% above today's $33.35 share price. The stock is up about 40% since the beginning of 2016. Another trade for 24,677 shares valued at $578,429 was made by Skorny Henry on Thursday, July 7.

Business

African Barrick Gold Ltd (ABGLF) Upgraded to Buy by Zacks Investment Research

This means 50% are positive. $29 is the highest target while $9 is the lowest. The company has 1 year Price Target of $21.47. The Mean and Low price Targets are $21.47 and $15, respectively. The company reported $0.24 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.04. 07/14/2016 - Barrick Gold Corporation was upgraded to "buy" by analysts at Jefferies.

Business

Mortgage rates rise for Friday

Popular 15 year fixed rate mortgage interest rates at the bank are available starting at 3.125% yielding an April of 3.472%. This time last year, the 30-year fixed-rate mortgage was 3.97 percent. Moves by the U.S. central bank, the Federal Reserve, on Tuesday to increase its interest rates and signal more to come had prompted fears of rate rises in the eurozone.

Business

Burford Purchases Gerchen Capital for $160M - 48 seconds ago

The Company provides a range of investment capital, financing and risk solutions. Burford Capital Limited is a global finance company. He will be president of the combined company. Its litigation finance helps law firms work with their clients by providing financing for specific cases or by managing risk across a portfolio of cases.

Business

Stock Tracker: Earnings & Estimates for Express Scripts Holding Company (NASDAQ:ESRX)

Following Earnings result, share price were DOWN 8 times out of last 15 Qtrs. 01/08/2016 - Stephens began new coverage on City Holding Company giving the company a "equal-weight" rating. raised its stake in shares of Express Scripts Holding by 9.6% in the second quarter. The company has an Average Rating of 2.57 based on analysts tracked by Thomson Reuters.

Business

Welbeck closing in on Arsenal return

Arsenal will be looking to bounce back from Tuesday's 2-1 defeat at Everton when they travel to the Etihad Stadium to take on Manchester City in Sunday's Premier League clash. "You expect him to put his print into his team". Hamstring issues rule out Aaron Ramsey and Shkodran Mustafi, while Danny Welbeck and Per Mertesacker (both knee) are also out, as is Santi Cazorla (Achilles).

Business

Mylan launches cheaper version of EpiPen allergy treatment

On Friday, Mylan announced a $300 generic version of EpiPen that is set to hit pharmacies by next week. "This unprecedented action, along with the enhancements we made to our patient access programs, will help patients and provide substantial savings to payors".

Business

US oil rig count booms again; Permian way up

The oil rig count rose for a 5th straight period last week, by three to 477. Pledges by top crude producers to reduce output has added support to prices for the key commodity, with West Texas Intermediate, the benchmark U.S. oil-rig count is typically viewed as a proxy for activity in the oil sector. That compares with an average of 978 oil and gas rigs active in 2015 and an average of 503 so far in 2016, according to Baker Hughes data.


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