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Sensex Rises 155 Points On F&O Expiry; Nifty Above 8100 Level

Mumbai: The Sensex wiped off all its gains on Wednesday and fell marginally to end in the red at 26,211 as cautious investors took profit ahead of the monthly futures and options (F&O) contract expiry amid a mixed trend overseas. On the flip side, Adani Ports & Special Economic Zone down by 1.27%, Sun Pharma down by 1.21%, Infosys down by 1.02%, Larsen & Toubro down by 0.94% and GAIL India down by 0.25% were the top losers.

Business

Run-DMC Reportedly Suing Walmart & Amazon To The Tune of $50 Million

Amazon and Walmart (which also owns Jet) did not immediately respond to TheWrap's request for comment. The stores "are trading on the goodwill" of the band and confusing consumers by "advertising, manufacturing, selling and distributing multiple products" that erroneously imply the group endorsed the merchandise, according to the lawsuit filed Thursday in U.S.

Business

Free ride home offered for New Year's Eve revelers

It marks the first time in its 50-year history that the agency has offered free rides. "We look forward to inviting everyone on our buses and trains as we join with our partners, working to ensure all those who travel with us get to their festivities and homes safely", said Metro Transit General Manager Brian Lamb in a statement.

Business

Mortgage Rates Today, Thursday, Dec. 29: Declines Ahead Of Year End

It's a sharp increase from a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. Shorter term, popular 15 year fixed rate mortgage interest rates are on the books at 3.625% yielding an April of 3.686% today.

Business

European Equity Benchmarks Close Mixed as FTSE Hits Record High Again

The all time record of 7129 was achieved in mid-session trading on 11 October. Sterling's post-referendum slump has boosted multinationals listed in London, as many receive earnings in currencies that have strengthened against the pound. British Airways owner International Consolidated Airlines Group (IAG) was down 12.6p to 444.6p, f ollowed close behind by low-priced rival easyJet, off 21p to 1,014p.

Business

Stocks Close Lower As Small Caps Lead Decline; Amazon Pares Gain

While the three indexes rebounded somewhat by market close, the Dow closed 0.07 percent lower than its opening value, the S&P closed 0.03 percent lower than its market open and the Nasdaq Composite fell 0.12 percent over the course of the day.

Business

Trump Emerges From Holiday Hiding To Take Credit For Obama's Strong Economy

Taking direct aim at the president, tweeting , "Doing my best to disregard the many inflammatory president O statements and roadblocks . Thought it was going to be a smooth transition-NOT!" Trump had not only criticized his predecessor in public but had insinuated that the Obama administration had actively tried to make the presidential transition hard.

Business

Debbie Reynolds, mom of Carrie Fisher, dead at age 84

Fisher was 60. Fisher reported that following Carrie's death, his mother said she missed her daughter and wanted to "see her again". Veteran stage and film actress Debbie Reynolds received her second star on the Hollywood Walk of Fame in January 1997.

Business

Galena Rises on FDA Approval

When we look at the Volatility of the company, Week Volatility is at 17.43% whereas Month Volatility is at 13.20%. Biogen Inc. (NASDAQ:BIIB) showed bearish move with loss of -0.64% after exchanging volume of 126 shares in last trading session ended on 12/28/2016.

Business

Things You Need to Know About Dow 20000

In the penultimate session of the 2016, volume was tracking slightly lower compared with the same time Wednesday. In 12.10pm trading in NY, the Dow Jones Industrial Average added 0.1 percent, while the Nasdaq Composite Index gained 0.5 percent.

Business

Minimum wage to increase in MI for new year

California's minimum wage will be going up starting January 1 with the wage being raised to $10.50 an hour. Past year the minimum wage got a hike of almost 30 percent to TL 1,300, in line with the ruling Justice and Development Party's (AK Party) campaign pledge ahead of the November 1 elections to raise the wage substantially.

Business

What are Analysts opinions on: The Kraft Heinz Company (NASDAQ:KHC)

The sales consensus among polled analysts prior to the last earnings announcement was $ 6,296.95M. Recently, KHC's stock has been recommended as BUY from 12 and 2 given OVERWEIGHT rating for the company. Following Earnings result, share price were DOWN 3 times out of last 5 Qtrs. Equities analysts expect that Kraft Heinz will post $3.24 EPS for the current fiscal year.

Business

Credit Suisse Reiterated Portola Pharmaceuticals (NASDAQ:PTLA) As 'Outperform'

Having a price of $23.86, Portola Pharmaceuticals Inc (NASDAQ:PTLA) traded -5.25% lower on the day. The Company got Downgrade by Citigroup on 19-Aug-16 from Buy to Neutral. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/12/28/portola-pharmaceuticals-inc-ptla-receives-overweight-rating-from-morgan-stanley.html.

Business

Year Capital Spending Growth of Nokia Corporation (NYSE:NOK) is reported at

The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.44 on scale of 1-5. Emerald Acquisition Ltd. Current stock price is in the upbeat territory taking into account of 20 days moving average with 0.36% and continued bullish run for 50 days moving average with 2.93%.

Business

Boohoo.com plc Proposed acquisition of certain assets of Nasty Gal Inc

Nasty Gal, the Los Angeles-based online retailer founded by Sophia Amoruso in 2006, filed a petition for Chapter 11 bankruptcy protection at the Central District of California in November (16). This figure includes revenue from vintage clothing and third party brands, which are excluded from the proposed acquisition. "We believe this path will generate the highest value for the company and ensure the continued success of the Nasty Gal brand that has served its consumers as a leading style ...

Business

Delta Cancels Inherited Order for 18 Boeing 787 Dreamliners

On last trading day, Delta Air Lines, Inc. Company stock is -6.16% away from its one year high and is moving 53.41% ahead of its one year low. The firm owned 72,634 shares of the company's stock after selling 18,901 shares during the period.

Business

Dentsu chief to resign over employee's 'death by overwork'

In the months before her suicide, she reportedly posted several social media messages about her long work hours and alleged harassment by senior employees. In a press conference in Tokyo on December 28, Tadashi Ishii reportedly said he was stepping down in order to "take responsibility as a manager for failing to fix the company's notoriously punishing culture of overtime work", which is believed to have prompted the suicide of Matsuri Takahashi a year ago.

Business

Analysts' Weekly Ratings Changes for Sprouts Farmers Market (SFM)

In order to gauge which way a stock is trending, you must compare a stock's share price to its moving average. (NASDAQ:SFM) has the market capitalization of $2.79 Billion. The Stock fell -0.31% and closed its last trading session at $19.49. Shares registered one year high at $30.00 and the one year low of $18.70. The firm touched its 52-Week high on Mar 18, 2016 and 52-Week low on Sep 9, 2016.

Business

3 magnitude natural disaster strikes Japan

There were no immediate reports of injuries or damage, Chief Cabinet Secretary Yoshihide Suga told reporters, adding that no abnormalities were detected at nuclear power plants in the region. 2 nuclear plant, which now remains idle, according to its operator, Japan Atomic Power Co. But rigid building codes and strict enforcement mean even strong tremors often do little damage.

Business

Market Insights on Price Target: Carnival Corp (NYSE:CCL)

Ltd.'s holdings in Harris Corp. were worth $1,776,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of the company. During the same quarter in the previous year, the business earned $1.75 earnings per share. For the current year the company's revenue estimates are $16.85B compared to low analyst estimates of $16.62B and high estimates of $17.02B according to the projection of 21 analysts.

Business

Update on Magellan Midstream Partners, LP (NYSE:MMP) for the day

The fund owned 554,040 shares of the company's stock after selling 56,920 shares during the period. Cedar Wealth Management LLC purchased a new position in EQT Midstream Partners during the second quarter valued at about $199,000. The business had revenue of $85 million for the quarter, compared to analyst estimates of $90.84 million. Company has a 52-Week High of -0.04% and a 52-Week Low of 43.84%.

Business

Stock Unable to Reverse Downward Trend: Frontier Communications Corporation (NASDAQ:FTR)

Looking into the profitability ratios of BP stock, investor will find its ROE, ROA, ROI standing at -3.90%, -1.40% and -4.80%, respectively. BlackRock Inc. raised its position in Frontier Communications Corp.by 26.7% in the second quarter. (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, November 1st.

Business

China kills 4 militants after attack on Communist Party office in Xinjiang

Three "rioters" entered the complex in a vehicle, attacked workers with knives and detonated a device at 4:50 pm (0850 GMT) on Wednesday, the Xinhua news agency reported, citing the Ministry of Public Security. The attack could not be independently verified. Xinjiang has been under heavy security since deadly riots in 2009 that pitted Uighurs against ethnic Chinese migrants.

Business

Unusual Volume Spikes For: NIKE, Inc. (NYSE:NKE)

The institutional investor owned 67,308 shares of the footwear maker's stock after selling 1,639 shares during the period. More interesting news about Nike Inc (NYSE:NKE) were released by: Seekingalpha.com and their article: "Is Nike Stock Cheap?" published on December 26, 2016 as well as Seekingalpha.com's news article titled: "Nike's Most Recent Quarter Reviewed And I Have Some Concerns" with publication date: December 27, 2016.

Business

Walt Disney Company (NYSE:DIS) , Cardinal Health, Inc. (NYSE:CAH)

Benin Management CORP now owns 12,853 shares of the entertainment giant's stock worth $1,257,000 after buying an additional 810 shares during the last quarter. This represents a dividend yield of 1.58%. The Walt Disney's dividend payout ratio (DPR) is presently 27.27%. TRADEMARK VIOLATION WARNING: This story was posted by Community Financial News and is owned by of Community Financial News.

Business

Rating Buzzer: Raymond James Says Its Time To Upgrade BNY Mellon (BK)

The number of times the company has met analysts' estimates is 0. According to consensus agreement of 18 analysts Bank of New York Mellon Corp (NYSE:BK) will report earnings per share of $0.77 in their quarterly report and it is expected to announce the company's results on 1/19/17 Before Market Open.

Business

US University professor Viral V Acharya appointed as RBI Deputy Governor

The Centre on Wednesday appointed Viral V. Acharya, Professor of Economics at the New York University (NYU) - Stern School of Business, as a Deputy Governor of the Reserve Bank of India (RBI) for a three-year term. He obtained his doctorate in finance. The RBI has provision for four deputy governors, two of whom are appointed from outside, while the other two are generally from within.

Business

Global shares mixed with yen rising in thin trade

Global stocks mostly edged higher as the last week of trading for the year began Tuesday after Christmas holidays. "We. have a lack of market participants with overseas markets closed", Hideyuki Ishiguro, a senior strategist at Daiwa Securities told Bloomberg News.

Business

U.S. pending home sales unexpectedly drop in November

The index was 0.4 percentage points lower than its level in November 2015, the trade group said. Pending home sales dipped 2.5% in November to a score of 107.3 on the National Association of Realtors' (NAR) Pending Home Sales Index . Although people may want to buy a house now to lock in a reasonable rate before they move even higher, there are fewer choices. "Some buyers will have to expand the area of their home search or be forced to delay in order to save a little more money for their ...

Business

Cognizant Technology Solutions Corporation (NASDAQ:CTSH), Express Scripts Holding Company (NASDAQ:ESRX)

The median one-year price target of 31 analysts covering the company is $63.00, which suggests the stock could still rise over 10 percent. Cognizant Technology Solutions Corporation got Downgrade on 30-Sep-16 where investment firm Argus Downgrade the stock from Buy to Hold.

Business

Amazon's Digital Day is like Cyber Monday but for downloads

The premise behind this one day event is to severely discount Kindle e-Books, music and movies. "Whether you're gifting or receiving gadgets this year, this 24-hour sale is one of the best times of the year to shop for must-have digital content".

Business

Montgomery County Parks and Recreation Recycling Christmas Trees at Rotary Park

If you have a live Christmas tree, you may be ready to toss it out. "Once they mulch the trees up they take them back to Athens, put them in the river and it provides protection for the smaller fish", said Johnson. Trees must be left by the curbside between January 2 and January 31. Boza says the mulch is then sold and can be used in parks and gardens. It sounds like a rather sad ending for a Christmas tree but actually it's not that bad.

Business

Do you use PayByPhone in Seattle? Volkswagen acquires payment app

As the German automaker is delving deeper into connected cars services, it has an increasing need to unify its new business endeavors with a universal solution for conducting mobile payments. Volkswagen is attempting to turn its financial services arm-the division that bought PayByPhone for an undisclosed sum-into the central provider of mobile payments for the parent company, which includes vehicle brands Audi and Porsche.

Business

Title, not record, matters for Conte

Chelsea leads second-placed Manchester City by seven points, while Bournemouth slipped to 13th. Chelsea set a new club record of 12 successive league wins, passing their previous best which was set in September 2009. It didn't happen. I am pleased for this, because I can count on all my players in the squad. The Italian added: "I'm not surprised because he has real talent".

Business

Financial Watchlist of Freeport-McMoran, Inc. (NYSE:FCX)

The company's quick ratio for most recent quarter is 1.70 along with current ratio for most recent quarter of 2.60. Executives hold 0.97 percent of the stock. Freeport-McMoRan (NYSE:FCX) last released its earnings results on Tuesday, October 25th. (NYSE:WMB) persists its position slightly strong in context of buying side, while shares price raised 0.70% during latest trading session.


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