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FTSE 100 closes at record high after longest-ever winning streak

The pound regained some poise versus the greenback during afternoon trading, rising by a marginal 0.02% to 1.216. That compares to a 1.1% drop in the previous trading update. Laith Khalaf, senior analyst at Hargreaves Landsdown, said the FTSE 100 had risen for an eleventh session on the bounce, matching the longest winning streak the index has ever produced.

Business

Stocks Trending Alert: Brookdale Senior Living Inc., Merrimack Pharmaceuticals Inc

Wells Fargo & Company lowered shares of Brookdale Senior Living from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 2nd. Neuberger Berman Group LLC now owns 56,457 shares of the company's stock worth $872,000 after buying an additional 14,389 shares during the last quarter.

Business

Pharma Industry 'Getting Away With Murder'

Last year, Mother Jones reported on the "enormous financial influence of the drug industry, which rivals the insurance industry as the top-spending lobbying machine in Washington". It's on the agenda now. The broader market remains near all-time highs after surging in the first few weeks after the election. Big Pharma was already struggling with a negative outlook for the year, as captured in a breakfast reception tied to the J.P.

Business

How Barrick Gold Corporation (NYSE:ABX) trades after earning announcements?

In the past 5 years, the stock showed growth of -45.84% per annum. Now the stock has been rated as "Buy" from 15 Analysts. Commerzbank Aktiengesellschaft FI now owns 8,197,244 shares of the company's stock valued at $175,011,000 after buying an additional 2,088,846 shares during the period.

Business

Fox's Shep Smith Defends CNN Over 'Belittling' from Trump

It represents the core of what the First Amendment protects, informing the people of the inner workings of their government; in this case, briefing materials prepared for President Obama and President-elect Trump last week. As CNN pointed out, Trump is using Buzzfeed to deflect from the very real allegations made by CNN. CNN, by contrast, reported only that a synopsis based on that report was part of an intelligence briefing to both Trump and President Obama, that the FBI was investigating ...

Business

What are analysts Suggestions on: Eldorado Gold Corporation (NYSE:EGO)

Bridgewater Associates LP now owns 597,900 shares of the company's stock valued at $2,347,000 after buying an additional 74,400 shares in the last quarter. If you are reading this piece on another domain, it was illegally stolen and republished in violation of United States & global copyright and trademark laws.

Business

Analytical Preview of Wells Fargo & Company (NYSE:WFC)

Sell side analysts that regularly cover the stock have provided price targets and recommendations on Wells Fargo & Company (NYSE:WFC). Analysts mean target price for Seaspan Corporation (NYSE:SSW) is $11.80 while their mean recommendation is 3.30 (1=Buy, 5=sell).

Business

Province green lights Kinder Morgan pipeline, reaches benefits deal

The project has been met with fierce opposition from a number of environmental groups and First Nations groups and just last month, conservation groups filed a new court challenge to the federal government's approval of the oil pipeline. "We believe environmental protection and economic development can occur together, and the conditions attached to the EA certificate reflect that". However, B.C.'s conclusion on environmental harm could not conflict with federal law or federal requirements.

Business

Delhi Shivers As Temperature Drops To The Season's Lowest Of 5.2 Degrees

In Himachal Pradesh, tourist resort towns of Shimla and Manali also witnessed bitter cold, recording minimum temperatures of minus 3.2 and minus 6.6 degrees, six and eight degrees below normal respectively. The local weather office said that there no respite is likely from the cold wave in the next 48 hours. In Jaipur, the District Collector has directed schools will not start before 9.30 a.m.

Business

Volkswagen Pleads Guilty In Emissions Scandal

On Monday, Schmidt was accused of conspiracy to defraud the United States over the company's emissions cheating and the automaker was charged with concealing the cheating from regulators. Including its Audi, Porsche, and Skoda brands, the company sold some 10.3 million vehicles worldwide in 2016, an increase of 3.8 percent year-on-year.

Business

Walmart Plans Hundreds of New Job Cuts

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 17th. Brian Yarbrough, a retail analyst with Edward Jones, said job cuts at the home office would be another sign of how hard the changing retail environment is for Wal-Mart with competitors like Amazon.com.

Business

Southwest Airlines announces December, Q4, full-year 2016 traffic stats

The company rocked its 52-Week High of $52.12 on Jan 5, 2017 and touched its 52-Week Low of $33.96 on Feb 8, 2016. Southwest Airlines Company's dividend payout ratio is presently 11.40%. Reiterated Rating of Buy. To view the price target ranked by analysts, LB attains high-level price target of 96 while lower level target was 48, it can be use an indication to know how much worth stock has stored in it.

Business

Donald Trump Slams CNN Reporter During News Conference

It's all fake news. While he has conducted one-on-one interviews with select media and taken questions from reporters in informal settings, his performance at the press conference will be scrutinized, as polls show his already bleak approval ratings deteriorate further as the clock ticks down to inauguration day on January 20.

Business

Volkswagen to pay $4.3 billion in emission scandal, 6 more execs charges

The German company also said it would plead guilty to breach certain United States laws. "We will continue to pursue the individuals responsible for orchestrating this damaging conspiracy", USA attorney general Loretta E. Four are charged with further Clean Air Act violations, and four are charged with wire fraud. "The knowledge and choices they made went to the executive levels and that did set it apart from other companies", she said at a news conference in Washington .

Business

Fuel depots shut down as NUPENG starts nationwide strike

The decision to call off the industrial action followed talks with Nigeria's labour minister in the capital, Abuja . The strike, which will affect the flow of petrol to filling stations, has shut down seven crude flow stations in the Niger Delta, a union official said on Wednesday.

Business

Revenue Estimates Analysis: Zimmer Biomet Holdings, Inc. (NYSE:ZBH)

J P Morgan Chase & Co set a $134.00 price target on Zimmer Biomet Holdings , Inc. Finally, Jefferies Group reduced their target price on Zimmer Biomet Holdings from $150.00 to $129.00 and set a "buy" rating for the company in a research report on Tuesday, November 1st.

Business

EP Energy Corporation (NYSE:EPE) Consensus EPS Estimates

The stock's price fluctuated within the range of $6.99 - $7.28 during previous trading session. "However, the highly competitive oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon's performance".

Business

President-elect turns over business to his sons

In what may have been his strongest language to date, Trump mildly scolded Putin for the hacking, saying he "shouldn't do it". In regards to his relationship with Vladimir Putin, he said, "If Putin likes Donald Trump, I consider that an asset, not a liability".

Business

Over Half of Americans Don't View Trump Favorably

Just over half of American voters do not view President-elect Donald Trump favorably, the Quinnipiac University poll reveals. As for intelligence reports on unverified documents about his dealings with Russian Federation, he says they are "phony" and it's a "disgrace" they were leaked.

Business

Alibaba promises Trump a million new jobs

China's markets should be attractive to small US companies, due to their size, China's consumption is rising and there's an increasing fondness for American products among the country's young and growing middle class of over 300 million consumers.

Business

United Kingdom considers $1200 charge to hire European Union workers after Brexit

Seamus Nevin, the head of employment and skills policy at the Institute of Directors, said employers "simply can not endure the double whammy of more restriction and then, if they do succeed in finding the right candidate, the prospect of an extra charge".

Business

Time now to clean up table, says Finance Minister Arun Jaitley

On GST, he said that under the current tax regime, India is not one economic entity. "The deadline to implement GST is September but we are committed for its implementation from April", Mr Jaitley said, addressing a seminar on the GST at Vibrant Gujarat Summit in Gandhinagar .

Business

The Alibaba Group Holding's (BABA) Buy Rating Reiterate at the MKM Partners

Meanwhile, in 2015 BABA had invested $4.6 billion in electronics retailer Suning Commerce Group Co Ltd, which was then the biggest step to integrate the online and offline shopping. They now have a $130.00 price objective on the stock. The company beat the analyst EPS Estimate with the difference of $0.58. MD boosted its position in shares of Alibaba Group Holding by 102.1% in the third quarter.

Business

Contempt of court petition filed against Tata Sons

Mistry also said that he consulted worldwide attorneys Sullivan and Cromwell, who advised Tata Motors on the subject and their advice was that NYSE and SEC rules did not prohibit transactions between related parties. "Mistry failed to put into effect his strategy for managing a large and complex group such as the Tata group, as committed by him in the detailed note of October 2010 tendered by him to the selection committee", Tata Sons said.

Business

Large Outflow of Money Witnessed in Archer-Daniels-Midland Company

The EPS for the most recent quarter is 0.24. Stifel Financial Corp increased its position in shares of Archer-Daniels-Midland Company by 536.2% in the second quarter. On average, equities research analysts predict that Archer Daniels Midland will post $2.25 earnings per share for the current fiscal year. Following the sale, the vice president now directly owns 36,880 shares of the company's stock, valued at approximately $1,760,651.20.

Business

Home Loans: HSBC, BMO Harris Mortgage Rates Jan 11, 2017

The best 30 year refinance jumbo FRM interest rates at the bank are published at 3.750% today and an April of 3.888%. A month ago, the average rate on a 30-year fixed mortgage was lower, at 3.98 percent. Two weeks ago, interest rates on 30-year conforming mortgages averaged 4.45 percent, which was the highest since April 2014. The refinance share of mortgage activity decreased to 51.2% of total applications from 52.2% the previous week.

Business

Rex Tillerson: Russia is an 'unfriendly adversary' that poses 'danger'

Senators in both parties have expressed dismay at Trump's refusal to embrace the consensus of USA intelligence agencies - that Russian Federation tried to help him win the presidency by hacking and exposing Democratic Party emails. "Russia today poses a danger , but it is not unpredictable in advancing its own interests ". Arizona Republican Senator John McCain expressed reservations about Tillerson's nomination in an interview on 11 December.

Business

Featured Stock to See: Mast Therapeutics, Inc. (NYSEMKT:MSTX)

Mast Therapeutics Inc (NYSEMKT:MSTX) share price soared 51.67% or 0.0051 points to reach at $0.150 during previous trading session. 1 issued rating as a HOLD.0 said as SELL recommendations and 0 suggested UNDERWEIGHT rating. The company rocked its 52-Week High of $0.71 on Sep 6, 2016 and touched its 52-Week Low of $0.07 on Dec 2, 2016. When we have a peek on stock's historical trends we come to know that, the stock has climbed 66.67% in the past one week and soared 87.50% during previous one ...

Business

BC government raises homeowner grant threshold to $1.6M

Assessment. Mayors in Metro Vancouver had asked the province to consider allowing municipalities to set the eligibility threshold for the grant, in order to account for massive regional disparities in home values. The homeowner grant program is expected to cost B.C.an extra $12 million compared with a year ago. The government reimburses municipalities for the full cost of the grants to ensure municipal revenues are not affected.

Business

Sushma Swaraj asks Amazon to apologise for insulting Indian flag

Swaraj also said that if it is not done, the country will not grant Indian visa to any Amazon official and would revoke the visas issued earlier. She warned that Amazon officials would not be given Indian visas and visas granted earlier would be rescinded if the e-tailer did not withdraw the product and apologise.

Business

Carney Defends BOE's Actions on Brexit, Disagrees With Haldane

Mark Carney reiterated that it was not but explained that Brexit could amplify the risks stemming from around the world. There were interesting comments on the banking sector with Carney commenting that there were bigger financial stability risks to European banks from the Brexit process than the United Kingdom banking sector.

Business

Analyst Sights on Rating and Recommendation: Nuance Communications Inc. (NASDAQ:NUAN)

Canaccord Genuity restated a "buy" rating on shares of Nuance Communications in a research report on Friday, November 18th. (NASDAQ:NUAN) has set to release EPS of $1.58 as per the sentiments of 10 analysts, however according to 9 analysts, the company expected to release $1.67 EPS for next year.

Business

Large Buying Action and Inflow of Money Witnessed in Vertex Pharmaceuticals Incorporated

Vetr upgraded shares of Vertex Pharmaceuticals Inc. Along with these its year to date performance is standing at 12.47%. The 25 stock analysts following this company have an average price target at $100.10, with individual PT in the $75.00-$140.00 range.

Business

Intel chiefs presented Trump with claims of Russian dirt on him

US officials said the claims about Russian possession of compromising material were based not on information through traditional intelligence channels but research done by an outside entity engaged in political consulting work and led by a former high-ranking British intelligence official.

Business

The New Toyota Camry Gets Its 5.9-Liter Pushrod V8 For NASCAR

Despite sedans losing their popularity to crossovers/SUVs, the Camry remains one of the most important cars for Toyota globally. The petrol-only models also rise 10L to 525L. It also has a sleeker profile due to an extended wheelbase and lowered center of gravity. Rear seat space is said to be more accommodating than the previous Camry .


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