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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 .

Business

Sainsbury's Stock Surges on Modest Sales Growth, but Challenges Remain

Industry figures from Kantar have suggested that price rises are beginning to return to stores as inflation returns to the market after a sustained period of deflation. It said the brand had a strong online performance over the Black Friday period, with 65% of sales taken via the web. Having outperformed its main peers for so long, Sainsbury faces more of a challenge to maintain its growth, according to Coupe.

Business

Instagram Stories to get full-screen ads, business insight tools

They will consist of a video up to 15 seconds long or a photo that appears for five seconds. The auto-fill option is particularly valuable because filling out forms on mobile devices with little screen real estate can be tricky for ad viewers.

Business

'Compromising' information on Trump in Russia's hands

Mr Trump has strenuously denied the unverified allegations , which came in a two-page synopsis attached to a classified intelligence report into Russian interference in the USA election. The claims were included in an addendum to a top secret report presented last week to Mr Trump and to President Barack Obama, according to CNN .

Business

Verizon Communications Inc. (NYSE:VZ) Under Analyst Spotlight

Reaves W H & Co. For the next 5 years, Verizon Communications Inc.is expecting Growth of 1.68% per annum, whereas in the past 5 years the growth was 15.34% per annum. Equities research analysts forecast that Verizon Communications Inc. will post $3.89 earnings per share for the current year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st.

Business

The Dow Chemical Company (NYSE:DOW) reported EPS of 0.91 on 12/31/2016

The Mean and Low price Targets are $62.41 and $47, respectively. Dow Chemical Company (The) had its "top pick" rating reiterated by analysts at RBC Capital. With the volume soaring to 1,233,271 shares, the last trade was called at $76.61. Green Valley Investors LLC's holdings in Dow Chemical Company (The) were worth $23,439,000 as of its most recent filing with the SEC.

Business

Protesters in T-Rex Costumes Call on Senate to Reject Tillerson

ExxonMobil owned a 50% share in Infineum, a European company which made $53.2 million in sales to Iran in 2003, 2004 and 2005 - during which time the USA government was sanctioning Iran as a state sponsor of terrorism. "We can not allow oil to replace diplomacy as the currency of the State Department", Markey said of Tillerson's nomination. But the hearing will be the first time the nominee publicly tries to distance himself from Russian President Vladimir Putin, who previously bestowed ...

Business

ANZ Sells Another Asset

ANZ has sold down another part of its business - this time the asset finance arm of ANZ New Zealand. "The sale of UDC is consistent with our strategy to simplify the bank and is a good outcome for customers and staff", says ANZ New Zealand CEO David Hisco .

Business

U.K. Industrial Output Rebounds In November

Recovery in oil and gas output also underpinned the headline industrial production increase, growing 10.3 percent sequentially and paring the cumulative decline in output since July to 8.4 percent. "We think production likely fell in December, despite the improvement in manufacturing surveys at the tail end of 2016, because unusually warm temperatures in December likely depressed output in the energy supply sector".

Business

Donald Trump blasts salacious claims in 'spy dossier' as fake news

The claims say his election campaign communicated with Moscow and also contain suggestions of prostitute use. Conaway added that he has no doubt, based on the intelligence he has received, that Russian Federation was behind the hacking efforts and that it was done either to hurt Hillary Clinton or help Trump in the election.

Business

$URBN Stock | Shares Head Lower Following Holiday Sales

Markdowns were favorable due to lower markdowns at the Urban Outfitters brand which were partially offset by higher markdowns at the Free People and Anthropologie brands. Fuller & Thaler Asset Management Inc. bought a new stake in Urban Outfitters during the second quarter worth about $121,000. (NASDAQ: URBN ) according to Finviz Data is $1.93.

Business

Applied Materials, Inc. (NASDAQ:AMAT) Trades Higher, 3 Hold Recommendations

The institutional investor owned 948,213 shares of the manufacturing equipment provider's stock after buying an additional 263,859 shares during the period. The company beat the analyst EPS Estimate with the difference of $0.01. On average, analysts forecast that Applied Materials Inc . will post $2.40 EPS for the current fiscal year.

Business

Gold Prices Rise to Six-Week High

The metal, which posted its biggest weekly increase in two months last week, lost some ground on Friday after a USA payrolls report supported the view that the Federal Reserve will raise interest rates this year, boosting the dollar. Kitco News - Gold prices were higher in late US trading Tuesday and hit a six-week high during the session. "This so-called "Trump trade" has struggled lately amid uncertainty about policy specifics", said Ilya Spivak, senior currency strategist with Daily FX.

Business

FHA Mortgage Costs to Fall

Republicans have argued in the past that reductions put taxpayers at risk by lowering the funds the FHA has to deal with mortgage defaults. Housing and Urban Development (HUD) Secretary, which oversees the FHA. So federal housing officials are making a change to attract more borrowers. "The high cost of mortgage insurance has unfortunately put those opportunities out of reach for many young, first-time- and lower-income borrowers", Brown said.

Business

Automobile sales touch 16 years low in December post demonetisation

Domestic auto sales in India declined by 8.14% in December 2016 to 1,58,617 units from 1,72,671 units in the same month a year ago, according to data from the Society of Indian Automobile Manufacturers (SIAM). Last September, SIAM had revised upward its growth estimate for passenger vehicles for the ongoing fiscal to 10-12 per cent. The total commercial vehicle sales, too, declined by 5.1 per cent in December.


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