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Retract "blatantly false story" on Tom Price — Trump to CNN

He'll testify before the Senate Finance Committee next Tuesday for his official confirmation hearing. President-elect Donald Trump's pick for health secretary is pledging a bipartisan approach if confirmed to lead the Department of Health and Human Services.

Business

Target Issues Profit Warning on Disappointing Holiday Sales

Same-store sales in the retailer's signature categories - including wellness, beauty, baby and toys - grew almost 3 percentage points faster than the company average. Profit will be $1.45 to $1.55 a share in the quarter through January, the Minneapolis-based company said Wednesday in a statement . For the full year, the company expects earnings per share to be in the range of $5.00 to $5.10, compared to guidance of $5.10 to $5.30.

Business

Exxon Mobil buys Bass family holdings in Permian for $6.6 billion

The stock was sold at an average price of $92.00, for a total value of $404,800.00. The number of shares now owned by investors are 4.15 bln. The disclosure for this sale can be found here. The analysts estimated sales for the higher end at 82492.2 million and lower end at 67949 million while the year ago reported sale was 73180 million.

Business

Trump rally powers Goldman Sachs profits

In the year-ago quarter, the bank reported $18.5 billion in revenue and $1.02 per share in earnings. Goldman Sachs has more than tripled its profits in its fourth quarter of the year, thanks to bond trading giving its bottom line a boost.

Business

Citigroup Joins Roster of Big-Bank Profit Beats Amid Trading Surge

Q4 EPS of $1.14 vs. $1.02 lagged our $1.19 EPS estimate amid a greater than expected 8% revenue drop amid Citi Holdings wind down. Despite the miss on the top line, Citi nonetheless held serve, following the earnings beats from competitors JPMorgan Chase & Co (JPM) and Bank of America (BAC).

Business

Canadian businessman O'Leary to enter Conservative race

The celebrity businessman and Conservative flame-thrower, best known to Canadians as the former tough-guy judge on this country's version of Dragon's Den , is looking to win the leadership of the Conservatives and eventually challenge Canadian prime minister Justin Trudeau at the next federal election in 2019.

Business

China will take off the gloves, if Donald Trump messes with Taiwan

Trump threatened during his campaign to brand China a currency manipulator immediately upon taking office and to slap 45 percent tariffs on its exports to the U.S. "We certainly are not going to lecture the administration, but will share our ideas on a win-win path forward", Zarit said in a statement. Now he says he won't do that and will talk to China first.

Business

Technology and Innovation Drive the World's Most Dynamic Cities

This is the fourth edition of JLL's City Momentum Index (CMI). However technology was a big driver of momentum, and with Dubai's quest towards being the smartest city in the world by 2021, maybe we could make it into the top 10 in next year's index.

Business

The ArcelorMittal SA (MT) Receives "Neutral" Rating from JPMorgan Chase & Co

The stock exchanged hands with 28.30 million shares contrast to its average daily volume of 16.58 million shares. During the most recent trading session, shares of JPMorgan Chase & Co. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider's stock valued at $14,269,618,000 after buying an additional 4,692,609 shares during the period.

Business

Goldman Sachs earnings boosted by trading

For the year ended December 31, 2016, revenues were $30.61 billion and net earnings of $7.40 billion. Goldman Sachs Group (GS) on Wednesday reported fourth-quarter net income of $2.35 billion. The better than expected performance helped drive a 12% quarterly increase in revenues for Goldman, but it was expense cuts where the bank continued to find ways at increasing profits.

Business

Burberry Provides Fresh Boost for Luxury as Sales Beat Estimates

Tourists have been taking advantage of a drop in the value of the pound since the Brexit vote in June to buy luxury goods in the British capital rather than other European cities. Burberry said it saw shoppers travel from all around the globe. Burberry, which is advertised by actress Lily James, notched up a 3% increase in sales at stores open for more than a year, ahead of a 2% rise analysts had forecasted.

Business

RBI Governor to appear before parliamentary panel today

It is also learnt that Manmohan Singh, one of the members who had described demonetisation as monumental management failure, too raised questions on the issue. Reports claim that Patel told the parliamentary panel that almost Rs 9.2 lakh crore, in the form of new notes, has been injected into the system by RBI.

Business

Betsy DeVos' backers send letter to confirmation hearing leader

On the issue of sexual assault on campuses, she said it would be "premature" of her to commit to upholding the previous administration's Title IX guidance. Betsy DeVos and her family have always been proponents of expanding school choice , including charter schools . DeVos has used her fortune to boost nonprofits and charities like the Dick and Betsy DeVos Family Foundation, Kids Hope USA and Foundation for Excellence in Education.

Business

Premier Foods Lowers Outlook Again as Price Negotiations Drag

The Mr Kipling, Bird's and Ambrosia brand owner has been trying to raise prices to offset the impact of the weak pound on raw materials such as sugar and palm oil but has met resistance from supermarkets. Premier said: "We are working collaboratively with customers to agree these changes and are confident that appropriate settlements will be reached, although this is taking longer than originally foreseen".

Business

First Smartwatches Powered By Android Wear 2.0

Now, a new report claims these will be the LG Watch Sport and LG Watch Style, and launch on February 9 - the recently confirmed launch date of Android Wear 2.0. The smartwatch also features a heart rate sensor, an IP68 ingress rating, and multiple connectivity options such as Wi-Fi, Bluetooth, LTE and 3G data, and Global Positioning System.

Business

Seasonal favourites boost Greggs' sales

UK-based high street baker Greggs has seen its like-for-like sales grow 6.4% in the final three months of its financial year, with sales up 4.2% for the full year. Revealing a sandwich and confectionery delivery service, piloted in the North-East, will now target offices workers in London and Manchester, he confirmed it will be amplified by further store openings across the United Kingdom, particularly Northern Ireland.

Business

Deutsche Bank Agrees to Pay $7.2 Billion for Misleading US Investors

The bank agreed to pay $7.2 billion and admitted to misleading investors, according to the Justice Department. These securities turned out to be worthless, and investors were left in the cold once their value was revealed. The DOJ said that an independent monitor will be tasked with overseeing the consumer relief portion of the settlement. The bank announced it had reached an agreement with the DOJ in December, Reuters said.

Business

Nintendo Switch Game Line Up

Moving on to new information, while Nintendo held off on SoC information, they have published some new information on the console as a whole. Let us know in the comments! It gives us hope that Nintendo really has created something new and different.

Business

Cameco Corporation (NYSE:CCJ)

Tocqueville Asset Management L.P. increased its stake in Cameco Corporation by 0.4% in the second quarter. The Company now has Insider ownership of 0.2 Percent and Institutional Ownership of 70.1 Percent. While in the same Quarter Previous year, the Actual EPS was $0.38. Equities analysts expect that Cameco Corporation will post $0.65 EPS for the current fiscal year.

Business

ATM withdrawal limit hike 'eyewash', says Mamata Banerjee

This hike will be applicable to overdraft and cash credit accounts, the RBI said. Explaining the logic behind this rationale, one private banker said, "Those free transactions were decided during a different era, but things have changed now and we need to change with that".

Business

Trump to Be Least Popular President in Decades as Ratings Keep Plummeting

New surveys from CNN/ORC and ABC News/Washington Post , both released Tuesday morning only days ahead of the January 20 inauguration, showed a stark contrast between president-elect Trump's and President Obama's incoming approval ratings.

Business

Black Lady Liberty featured on US coin for first time

A new depiction of Lady Liberty continues to honor our country's forward movement as it portrays, for the first time ever, a woman of color on USA currency. This is why the active decision to portray an African-American woman as Lady Liberty is significant. The 24-karat gold coin is the first in a new series ultimately representing Asians, Hispanics and Indians, in an effort to reflect "the cultural and ethnic diversity of the United States", the Mint said during the coin's unveiling ...

Business

BAT Agrees to Pay $49.4 Billion to Buy Out Reynolds American

The cash-and-share bid values each Reynolds share at US$59.64, London-based BAT said in a statement. The agreed price represents a premium of 26% over Reynolds's closing price the day before BAT made its initial announcement in October.

Business

OPEC: 50% Compliance To Output Deal Is 'Enough'

Last week, Falih said Saudi output had fallen below 10 million bpd, meaning Saudi Arabia had cut production by more than the 486,000 bpd which it agreed to late past year under the producers' agreement. And these numbers assume the supply response from the United States doesn't continue and that the OPEC countries (and Russia) don't cheat. If the agreement is implemented as it is designed, we will see that the markets will rebalance sometime first half of this year.

Business

British American Tobacco (BAT) announces agreement to buy Reynolds in $49bn deal

The new offer is US$29.44 in cash and 0.526 of a BAT share for each Reynolds share. According to their estimates, the merger will save the company $400 million. The firm has a 50 day moving average price of $43.85 and a 200-day moving average price of $48.73. "The transaction has also been approved by the Boards of Reynolds and BAT", the London-based company said in a statement.

Business

FY2016 EPS Estimates for United Continental Holdings, Inc. (UAL) Raised by Analyst

Underperform rating was given by 0 analyst and Outperform rating was given by 4 analyst. Over the past twelve months, United Continental Holdings, Inc . The company has topped estimates the last three quarters, and another earnings beat will be enough to help push the stock higher. Large investors have recently added to or reduced their stakes in the stock.

Business

Scottish Government meet Belgian foreign minister for Brexit talks

The high level official meetings represent a significant diplomatic shift since the independence referendum of 2014, when states and European Union institutions were cautious about intervening or engaging with the Scottish Government, for fear of upsetting relations with the UK Government.

Business

Putin Accuses Obama Administration Of Trying To Undermine Trump

He added that Russian Federation never raises the issue of sanctions in talks with its foreign counterparts and doesn't intend to do so because it's not up to Moscow to scrap them. I do think keeping it together is not going to be as easy as a lot of people think. "Great move on delay (by V. Putin) - I always knew he was very smart!" "The media frenzy surrounding Trump speaks of the degradation of United States political elites".

Business

Following Trump meeting, Muilenburg praises 'progress on simplifying requirements' for AF1

Boeing CEO Dennis Muilenburg apparenently had a good meeting with president-elect Donald Trump on Tuesday, according to reports, and may be close to making a deal with Trump over orders for new military planes. Analysts said it's unclear at this stage how the cost reductions will affect Boeing's business. "I think Mr Trump is doing a great job with engaging the business", Muilenburg said when asked if he thought Trump's habit of tweeting directly to companies was the "right way" to ...

Business

United States dollar slides after Trump says the greenback is 'killing us'

Bottom line: "We see potential for currency volatility ahead, but little risk of a sharp and disruptive dollar rally", Trunill said, noting various estimates of the greenback's fair value find it about 15% overvalued. But it took until traders returned from a long holiday weekend and weighed up similar comments by Trump adviser Anthony Scaramucci at Davos, for impact to fully flow through to the currency markets.

Business

Jennifer Holliday Got Death Threats Over Possible Inauguration Performance

Over the weekend Holliday backed out of performing at the Inauguration and issued an apology letter to the LGBT community. They were saying I should kill myself or someone should kill me all over singing a song. Calling back to the public statement she gave following her rescinding of the invite to the Trump inauguration, which was shared here on the Inquisitr , Ms.

Business

What is the Street Saying About Hewlett Packard Enterprise Co (NYSE:HPE)?

Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company's stock valued at $494,305,000 after buying an additional 2,126,559 shares during the period. Now shares have been rated as "Buy" from 8 Analysts. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

Business

Ralph Lauren Will Reportedly Dress Melania Trump for the Inauguration

It's now been established that Ralph Lauren will design a bespoke gown for Melania, which has come as a surprise to many considering his vociferous support for Hillary Clinton during the election. At her husband's inauguration, Laura Bush wore designs by the Dominican-American Oscar de la Renta in 2003 and Michael Faircloth of Dallas, Texas in 2001.

Business

Barrick Gold Corp. (ABX) PT Lowered to C$20.00 at Barclays PLC

Kinross Gold Corporation has a 1-year low of $1.31 and a 1-year high of $5.82. Institutional investors have recently modified their holdings of the company. Eldorado Gold Corporation's revenue for the quarter was up 38.8% on a year-over-year basis. Barrick Gold Corporation closed its last trading session at $16.89 with the loss of -0.12%.

Business

TRUMP ADVISER SCARAMUCCI: I just sold my company

Scaramucci, founder of hedge fund SkyBridge and an annual hedge fund industry conference in Las Vegas, will serve as an assistant to Trump with "general advisory" responsibilities, people who asked not to be identified tell the news service.


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