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Oil prices fall as Opec move fails to impress

In an accord reached in December, OPEC and 11 non-members agreed to cut oil output by about 1.8 million barrels per day in the first half of 2017. MUscat: A deal to keep oil production under control, which has seen prices rise and fuelled economic optimism in Oman, has been extended for another nine months.

Business

Oil prices slump but experts see rise to $60 before year end

US West Texas Intermediate futures were up 0.49 percent at $49.14 a barrel. " OPEC agreeing to nine months without deeper cuts leaves prices at the mercy of inventories and United States production and demand", said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

Business

OPEC extends oil output curbs but glut fears persist

More than 400 oil rigs are now working U.S. shale fields - an increase of more than 120 percent compared with a year ago - and USA producers are poised to expand further, even if prices only edge moderately upwards as a result of the OPEC cuts.

Business

Crude oil weakens as OPEC disappoints with 'safe bet' extension

Opec delegates said the proposal for joint cuts was also around 1.8 million bpd , which would see non-Opec producers cut under 600,000 bpd . David Arrington, president of shale oil producer Arrington Oil & Gas in Midland, Texas, said that how US producers respond in coming months will have as much of an effect on pricing as OPEC's cuts.

Business

Ford to cut 10pc of global workforce, report says

In a statement, the company said it was focusing on reducing costs and improving efficiency, however they haven't announced any job cuts and they have not commented on the speculation. Ford's profits sank 35% during the first quarter to $1.6 billion as higher costs for warranties, recalls and materials eroded profits. Company spokesman Mike Moran says voluntary early retirement and separation packages will be offered to about 15,300 workers, including 600 in Canada.

Business

BAE Systems plc's (BA) Overweight Rating Reaffirmed at JPMorgan Chase & Co

Among 19 analysts covering AstraZeneca plc (ADR) ( NYSE:AZN ), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 48% are positive. Patisserie Holdings PLC has a 1-year low of GBX 252.31 and a 1-year high of GBX 375.00. (NASDAQ:LE) has risen 2.84% since May 26, 2016 and is uptrending. It has underperformed by 69.23% the S&P500. Since January 1, 0001, it had 2 buys, and 4 sales for $7.39 million activity.

Business

Great Portland Estates PLC 2% Potential Upside Indicated by Liberum Capital

Finally, Numis Securities Ltd restated an "add" rating and set a GBX 135 ($1.76) price objective on shares of Hansteen Holdings plc in a report on Monday, March 20th. Sasco Cap Ct holds 4.47% of its portfolio in Restaurant Group PLC (LON:RTN) for 1.26 million shares. -based Folger Nolan Fleming Douglas Capital Management has invested 0.07% in Restaurant Group PLC (LON:RTN).

Business

Proud Wenger hails Arsenal's "spectacular" FA Cup victory

Lastly, Arsenal faced Manchester City and beat them by the final score of 2-1. But a win for Arsenal would set a record for the club and manager Arsene Wenger . Back to the game in hand, Wenger is facing a bit of an injury dilemma, with Shkodran Mustafi the latest player not being able to play the match after suffering a concussion.

Business

British Airways cancels all flights from 2 major airports

There is no evidence at this stage to suggest the system failure was caused by a cyber attack, the British flag carrier told BBC . The airline later Saturday announced it was canceling all flights from Heathrow and Gatwick after passengers reported long check-in lines that snaked outside the terminal doors.

Business

Arsenal beat Chelsea to win a Record 13th FA Cup

The Duke of Cambridge will be among the 90,000 spectators, with kick-off at 17:30. Every player performed 120 percent or 130 percent every single game. "We must be proud we made it this far", Conte said. Alexis Sanchez opened the scoring after just four minutes with a goal that was initially ruled out for offside.

Business

Local Reaction To New CBO Score On Health Care Bill

The gory details of the Congressional Budget Office's report on the House legislation to "repeal and replace" Obamacare are, in many ways, superfluous. the CBO says we're going to be able to drop premiums". Restructuring Medicaid, a program that covers over 70 million people, and ending the Medicaid expansion will put affordable health care coverage out of reach for millions of Americans.

Business

Experian slumps after Jefferies downgrades on Trump uncertainty and Brazil financial scandal

Aetna Inc now has $46.91B valuation. Red Hat Inc (NYSE:RHT) has risen 6.00% since April 18, 2017 and is uptrending. It has by 0.00% the S&P500. Experian (LON:EXPN) was downgraded by Jefferies to a "Hold" rating in a a note revealed to investors on Friday, 19 May.

Business

Trump to decide next week whether to quit Paris climate agreement

The G7 nations have made progress in negotiations on trade, notably on the issue of multilateralism, a French presidential source told Reuters, suggesting there has been some softening in the United States' protectionist stance. Despite disagreements on the climate goals, G7 leaders has demonstrated unity on the issues of worldwide trade and security . The US hasn't decided yet.

Business

PM Modi inaugurates India's longest river bridge in Assam

Modi also inaugurated a national-level agricultural research institute, apart from laying the foundation for an All-India Institute of Medical Sciences. The ex-Union minister also targeted the Modi government over women's security and rising atrocities against Dalits in the country. The bridge built at a cost of Rs 2,056 crore is 3.55 km longer than the Bandra-Worli Sea link.

Business

Cisco cuts 1100 jobs as earnings disappoint

Toth Financial Advisory Corp's holdings in Cisco Systems were worth $9,208,000 at the end of the most recent reporting period. The company said past year it will reinvest the cost savings from restructuring into "key priority areas such as security, IoT, collaboration, next generation data center and cloud".

Business

British Airways cancels flights from London's Heathrow, Gatwick after IT outage

BA apologized in a statement for what it called an "IT systems outage" and said it was working to resolve the problem. Heathrow said the IT problem had caused "some delays for passengers" and it was working with BA to resolve it. BA is the latest airline to be hit by computer problems. A spokeswoman for the airline confirmed the computer system outage and said: "We apologise to customers who are facing some delays following an IT outage this morning".

Business

Whole Foods Market, Inc. (WFM) Insider Laura A. Derba Sells 2200 Shares

It closed at $35.32 lastly. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/05/26/gamco-investors-inc-et-al-increases-position-in-whole-foods-market-inc-wfm-updated.html. The ex-dividend date of this dividend is Wednesday, June 28th. Whole Foods Market's dividend payout ratio is now 40.29%. ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Markets Daily and is owned by of Markets Daily.

Business

Oil prices down sharply ahead of OPEC announcement

European shares fell slightly. South Korea's Kospi jumped 1 percent to 2,342.93 while the Shanghai Composite index gained 1.4 percent to 3,107.83. Spot gold traded at $1,256.02 an ounce by 2:50 p.m. The yield gap between two-year and 10-year Treasuries shrank over 1 basis point to 96 basis points, not far above the level last seen on October 27.

Business

Wright Investors Service Inc. Boosts Position in Danaher Co. (DHR)

The stock has "Sector Perform" rating by RBC Capital Markets on Wednesday, January 27. The stock of Danaher Corporation (NYSE:DHR) earned "Market Perform" rating by Bernstein on Monday, April 4. The consensus mean EPS for the current quarter is at $0.97 derived from a total of 17 estimates from the analysts who have weighed in on projected earnings.

Business

Western Refining Logistics (WNRL) Getting Somewhat Positive News Coverage, Analysis Shows

Tci Wealth Advisors reported 300 shares. Manufacturers Life Insurance The reported 160,556 shares. Tph Asset Management Llc sold 427,894 shares as Western Refng Logistics Lp (WNRL)'s stock rose 5.42%. EPS growth in next year is estimated to reach 79.30% while EPS growth estimate for this year is set at -71.10%. Oregon Public Employees Retirement Fund raised its stake in shares of Western Refining, Inc.

Business

Urban Outfitters, Inc. (URBN) Delivers Consistent EPS Surprises

Insider Trades for Urban Outfitters Inc. show that the latest trade was made on 22 Feb 2017 where Mccreight (David W), the President completed a transaction type "Buy" in which 100000 shares were traded at a price of $0. Therefore 27% are positive. Envestnet Asset Management Inc. boosted its stake in shares of Urban Outfitters by 1.6% in the fourth quarter. Instinet reiterated their neutral rating on shares of Urban Outfitters, Inc.

Business

There's one group that would get slammed by the GOP's healthcare bill

North Country congresswoman Elise Stefanik was one of the last-minute "yes" votes that helped pass the American Healthcare Act, or AHCA , almost a month ago. "For individuals with preexisting conditions, once you are in the system, every proposal that I've heard so far says you stay in the system", Sen.

Business

Analysts Offer Predictions for Nabors Industries Ltd.'s Q2 2017 Earnings (NBR)

The business's quarterly revenue was up 30.7% on a year-over-year basis. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 1st. On average, analysts predict that Nabors Industries will post ($1.32) earnings per share for the current year. The stock appeared -45.16% below its 52-week highs and is up 2.45% for the last five trades.

Business

Callon Petroleum Company Posted losses of -0.66% in the Last Trade

American Century Cos Inc reported 0.01% of its portfolio in Callon Petroleum Company (NYSE: CPE ). Alyeska Gp Limited Partnership holds 0.61% or 4.40 million shares in its portfolio. The firm has "Equalweight" rating by Barclays Capital given on Wednesday, February 3. The stock of Callon Petroleum Company (NYSE:CPE) has "Focus Stock" rating given on Monday, May 16 by Howard Weil.

Business

Analyst Outlook on Price Target: Eldorado Gold Corp (USA) (NYSE:EGO)

The stock has 5 year expected PEG ratio of 5.48 whereas its trailing twelve month P/E ratio is 245. The electric segment generates, transmits and distributes electricity. Analysts are speculating a 89.5% move, based on the high target price ($6.5) for the shares that is set to reach in the next 12 months. As per Monday, September 12, the company rating was upgraded by Credit Suisse.

Business

British Airways says computer outage causing global delays

Hundreds of fliers are stuck in "huge" check-in lines and parts of BA's website and app are not working - which is causing passengers trying to check-in online to miss their flights. Delayed travellers are able to claim compensation under European Union law, unless the disruption has been caused by factors outside the airline's control.

Business

Kushner reportedly sought back-channel to Kremlin

Those contacts allegedly included two phone calls between April and November 2016. Kushner's lawyer said he is ready to talk to federal investigators as well as Congress about his contacts and his role in Trump's 2016 campaign. Reuters was unable to determine how those discussions were conducted or exactly when they took place. National correspondent for the Washington Post , Philip Bump, joins "CBS This Morning: Saturday" to discuss the questions around his paper's repor...

Business

Trump's budget contains some glaringly simple math errors

It makes significant cuts to the Children's Health Insurance Program. During a House of Representatives budget committee hearing, Democrats slammed Mr Trump's budget as "cruel" and "immoral", while most Republicans praised the President's efforts to curb federal spending.

Business

Trump uses Ramadan message to urge end to violence

In Afghanistan s eastern city of Khost, a Taliban auto bomber killed 13 people in the first major attack at the start of the holy month targeting a CIA-funded militia group. "I extend my best wishes to Muslims everywhere for a blessed month as you observe the Ramadan traditions of charity, fasting, and prayer". Ramadan is one of the five pillars of Islam .

Business

Conte set for £38M contract extension at Chelsea

Well, Arsene Wenger has finally come out and shown his true feelings about the way he has been treated by some Arsenal fans this season , and I have a feeling that this means that Le Prof will be leaving Arsenal after today's Cup Final.

Business

Donald Trump's son-in-law under Federal Bureau of Investigation radar in Russian Federation probe

Kushner's involvement in the proposed back channel was first reported by The Washington Post , which said he proposed using Russian diplomatic facilities for the discussions, apparently to make them more hard to monitor. During that meeting, Mr. Trump also told the Russian officials that the firing of the F.B.I. director, James B. Comey - who was leading the bureau's investigation into Moscow's activities during the campaign - had relieved "great pressure" on him, according to a document ...

Business

Earnings Analysis Of SeaDrill Limited (SDRL)

The stock subtracted in the prior trading session by -10.03%, closing at the stock price of $0.53. The Stock now has a Weekly Volatility of 15.14% and Monthly Volatility of 8.90%. Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. Many investors will opt to use multiple time periods when examining moving averages.

Business

Simon Property Group Inc (SPG) Position Increased by Swiss National Bank

Simon Property Group Inc (NYSE:SPG) has declined 18.56% since May 25, 2016 and is downtrending. Sandler O'Neill upgraded the stock to "Buy" rating in Wednesday, March 2 report. The stock subtracted in the prior trading session by -0.32%, closing at the stock price of $18.7. Tiaa Cref Tru Com Fsb Mo stated it has 13,968 shares.

Business

NHS cyber attack: Criminals will be brought to justice

Meanwhile, GP surgeries on the Yorkshire Coast say they'll be open as usual on Monday, and anyone with an appointment should go along as planned, unless they're contacted directly and told otherwise. Britain's National Cyber Security Center and others were hailing the cybersecurity researcher, a 22-year-old identified online only as MalwareTech , who - unintentionally at first - discovered a "kill switch" that halted the unprecedented outbreak.

Business

Saudi Claim to Lead Muslims Gets a Trump Boost

And in the meanwhile, in Israeli prisons, thousands of Palestinian political prisoners have been on a hunger strike that has been going on for forty days. "You can't just walk in on Day One and sign a deal that no one has gotten done in 35 years", said the official, who under the ground rules of the briefing could not be further identified.


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