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Market Currents: OPEC oil exports hit new record

Iran continues to resist any agreement that would stop it restoring output curbed by sanctions, the same position that prompted the acrimonious collapse of talks in April. While individual output ceilings are one route, other options remain including a stricter freeze, or even postponing any deal until OPEC gathers in late November in Vienna.

Business

Vedanta to hold shareholders meet on proposed merger with Cairn India today

Cairn India shareholders will meet on 12 September to take a call on the merger. Vedanta Resources subsidiary Vedanta Limited has announced that shareholders have approve the merger with Cairn India Limited. For the prospective merger, atleast 51 per cent approval from Cairn's shareholder is required and LIC own 9.06 per cent of stake in Cairn India. Under the proposed merger, a Cairn India shareholder will get one Vedanta equity share and 7.5 preference shares for every Cairn India ...

Business

$1.1 billion Zika funding bill fails in Senate

Florida has now reported 56 locally transmitted cases of Zika, which is often spread by mosquitoes. The disease is linked to severe microcephaly , a serious birth defect where a baby's head is much smaller than other babies' heads of the same age, which can cause developmental delays, physical impairments and seizures among other medical conditions.

Business

Stock Upgrade of the Day: Spectra Energy Corp. (NYSE:SE)

Spectra shareholders will get 0.984 shares of the combined company for each share they own, valued at about $40.33 a share, based on share prices on September 2. Company shares were Upgraded by Wunderlich on Jun 13, 2016 to " Buy", Firm has raised the Price Target to $ 20 from a previous price target of $13.Stifel Upgraded NGL Energy Partners LP on Jun 3, 2016 to " Buy", Price Target of the shares are set at $18.

Business

US Court Approves Temporary Bankruptcy Protection for Hanjin Shipping

And good luck getting a berth for already loaded Hanjin containers in Asia. The Hanjin Shipping Co "Montevideo" container ship sits anchored near the Port of Long Beach in this aerial photograph taken above Long Beach, California, on Sunday.

Business

Sri Lanka aim to give Tillakaratne Dilshan fine farewell

After being comprehensively outplayed in the Test series, Australia dominated the one-day internationals, winning 4-1, and continued that momentum into the T20Is, even though the architect of the win in the first game - Maxwell - had no role to play in the ODIs.

Business

EPA Clears Way For Cleanup Of Mine Spill

The U.S. Environmental Protection Agency says it is adding a historic gold mine in Northern California to the nation's worst toxic sites list, allowing for a permanent cleanup of the site. "We will persist in our fight to protect New Mexicans and to hold EPA fully accountable", he said in a written statement. Some residents resisted a Superfund designation, anxious it would hurt the vital tourism industry.

Business

Ireland to challenge European Union ruling on Apple's $14.5 billion tax bill

The demand was made last week by the European Commission following an investigation that lasted more than two years. The Commission follows rules created to make sure businesses in Europe compete fairly. "Our rules on state aid have always been clear", Juncker said . European Union officials have said that of course the Apple tax case is political, just not politicised.

Business

Marquee moan as Tony Pulis reveals West Brom missed out on targets

The likes of Allan Nyom, Matt Phillips and Hal Robson-Kanu are hard-working, physically-imposing players but aren't blessed with great technical ability. Think you can do better than Lawro? The Cherries have picked up one win in their last 11 Premier League fixtures (D2 L8), and are winless in their last eight - they can be laid at [2.08 ].

Business

Australia to triple solar capacity with 'historic' $92m backing for 12 projects

Australia is set to triple its energy generation from large scale solar farms following the government's announcement of AUS $92m of funding for the construction of 12 new PV projects across the country. Under Abbot's Prime Ministership, clean energy investment in Australia fell by a reported 31 per cent. "ARENA is not just focussed on building more solar".

Business

Wall St falls after Fischer, Yellen comments

The rate-setting Federal Open Market Committee meets September 20-21. The Fed raised its target range for the federal funds rate by 25 basis points to 0.25-0.5 percent in December past year, the first rate hike in almost a decade. Although the bank signaled more rate hikes this year, there has been none so far, as it pointed to risks in the US economy. Analysts said Asian stocks remained subdued as investors across the region were wary of Yellen's speech later in the day (evening in Asia).

Business

Rays 3, Blue Jays 5: Archer can't catch a break

Martin hit his 17th homer on a 3-0 pitch from Kevin Jepsen (2-6). The Blue Jays did say Liriano's move to the bullpen was temporary, but considering their need for a lefty in the bullpen, and Brett Cecil 's struggles, I'd expect Liriano to make another relief appearance at some point this season.

Business

Hanjin to spend $90 mn to ease shipping crisis

Following the filing of court receivership by the nation's leading container shipping line, many Hanjin-flagged container ships have been stranded at sea and ports due to asset seizure requests made by creditors. Hanjin Transportation Co. has set up a task force to help unload cargo from vessels and the group's Korean Air Lines Co. also will consider moving cargo by air as an alternative way to easing the supply crunch.

Business

World's Largest Offshore Turbine Installed

The first turbine out of the total 32 MHI Vestas 8 MW turbines was installed safely on September 8 by the crew on board SEA INSTALLER. It will be the first offshore project to utilize the world's most powerful wind turbine, the company said.

Business

Asian stocks fall after European Central Bank stays pat

Investors weighed the implications of a decision by the European Central Bank to leave its key interest rates unchanged and hold off on extending a stimulus program. Benchmark U.S. crude was up 58 cents, or 1.3 percent, to $46.8 a barrel in NY. Brent crude LCOc1 was up 3.6 percent at $49.69, after hitting a peak of $49.87, its highest since August 26.

Business

Mondelez says it won't buy Hershey, the shares of which are crashing

Any deal would have required the trust's approval, and while Mondelez had reportedly offered to make concessions, including a promise to protect jobs and rename the combined company Hershey , getting the approval of the trust posed a major obstacle.

Business

Wells Fargo in hot water over fake accounts

The San Francisco-based bank also will compensate customers who incurred fees or charges, the agencies said . This is probably not going to set them back much. "I think really what we need to look at it, is from a consumer standpoint -are we asking the right questions of the financial professionals that we're working with", he said.

Business

Hellawell to stay as Sports Direct chairman despite losing shareholder vote

On Tuesday, the chain's lawyers produced a critical report . The UK investors Legal & General, Aberdeen Asset Management and Royal London have also lost patience with Hellawell. But this time the scale and intensity of the anger over the group's treatment of its workers at the huge Shirebrook warehouse - known locally as "the gulag" - is unprecedented.

Business

Cubs Giving Away Wrigley Field Sod For Free

If the Cubs win the National League Central Division, they would open the postseason with home games October 7 and 8. To do that, fans need to go to the postseason ticket page at the Cubs website and fill out all the information. It's that time of year again. What happens if you're not selected after registering? "We encourage fans to register early and purchase quickly if their name is selected".

Business

Church & Dwight Company, Inc. (NYSE:CHD) Updates On Quarterly Dividend

The 52-week high for Church & Dwight Co. The ex-dividend date of this dividend was Thursday, August 11th. According to Zacks brokerage recommendations, Church & Dwight Co. The firm's quarterly revenue was up 3.6% compared to the same quarter previous year. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.05.

Business

Tom Brady denies removing National Football League decal from helmet

The Cardinals acquired Jones in a March trade that saw them part with guard Jonathan Cooper and a second-round pick. Cardinals coach Bruce Arians expects Garoppolo to be comfortable in an offense that he's had two years to develop in. Will Cam Newton dial the dab back after that humbling Super Bowl defeat? I believe that his performances and the quality of them are contingent on his ability to put the "I am the back-up who is just holding on until the real guy comes back" idea toward ...

Business

Watch List - Alibaba Group Holding Limited's (BABA)

The total traded volume was 15,758,762 shares. Micron Technology, Inc.'s (MU) has traded at distance of 20.92% from its 50-day simple moving average and moved at distance of 39.29% from its 200-day simple moving average while exchanged at distance of 8.94% from its 20-day simple moving average.

Business

Trump and Clinton use merchandise to wage attacks on each other

Some online critics criticized Lauer for appearing to rush Clinton at points during the interviews and seeming to be tougher on the Democrat. The long list of Trump comments on Iraq seemingly begins on September 11, 2002, just weeks before the invasion vote, when Trump was asked by radio host Howard Stern whether he supported going into Iraq.

Business

49ers owner pledges $1 million to charity

In a letter sent to the 49ers last Friday, the Santa Clara Police Officers' Association said its officers could opt not to patrol Levi's Stadium and the 49ers' headquarters over Kaepernick's pregame protest of not standing for the national anthem, the socks he wore that depicted cartoon pigs wearing police hats and his comments about police brutality.

Business

Revenue Estimates Analysis of: Sirius XM Holdings Inc. (NASDAQ:SIRI)

The total traded volume for the day was 59,805,485. The company surged 0.36% and closed its last trading session at $4.16. In terms of margins, Sirius XM Holdings Inc. Growth rates are very important while analyzing the long term growth and valuation of a certain company. They now have a Dollars 4.59 price target on the stock.

Business

Wells Fargo Fined $185M After Employees Open Millions of Fake Accounts

Jabbari said in the lawsuit that his credit score had suffered because unpaid fees on the unauthorized accounts had been sent to a debt collector. But, according to regulators, Wells Fargo's program went much further and the bank did not monitor it closely.

Business

Seagate Tech invites ValueAct in as major shareholder

The firm also had a stake in Adobe Systems Inc that it sold. Seagate Technology PLC presently has a consensus rating of "Hold" and a consensus price target of $33.56. (NASDAQ:STX) will come out with its quarterly earnings issue. "Seagate approached ValueAct to execute this transaction and become an investor in our company, given their commitment to and success in creating long-term value for the companies in which they invest", Seagate Chief Executive Officer Steve Luczo said in the ...

Business

Apple sets stage for iPhone 7

Apple is out to make a splash with new waterproof iPhones, a smartphone game starring Nintendo's beloved "Mario" and a push on wireless headphones. Hence, if you're looking to buy older iPhone models at cheaper rates, Apple's latest move could disappoint you.

Business

North Korea's nuclear test: Obama warns of 'serious consequences'

The South's President Park Geun-Hye spoke out against the " maniacal recklessness " of Kim, who since taking control after the death of his father in 2011 has carried out a series of purges and weapons tests created to show strength and consolidate power.

Business

One Day Remains to Launch of UA Asteroid Mission

The five specialized instruments on OSIRIS-REx will be used to map the asteroid's surface, identify the minerals and chemicals that may be on the surface, and select the sample site. "So once we have that, we're not going to try to touch that again". An artist rendering of OSIRIS-REx contacting the asteroid Bennu with the Touch-And-Go Sample Arm Mechanism.

Business

Today Analyst Opinions: Finisar Corporation (NASDAQ:FNSR)

The stock volatility for week was 3.05% while for month was 2.65%.The stock, as of last close, traded 121.86% to its 52 week low and was changed 1.46% from its 52 week high. The mean price target for the shares of company is at $22.68 while the highest price target suggested by the analysts is $28.00 and low price target is $16.00.

Business

Kim Jong-Un Pulls The Trigger On ANOTHER Nuclear Test

North Korea has announced that it has conducted its fifth nuclear test, hours after seismic monitors detected a blast near the country's nuclear test site. "We are now analyzing whether it was a successful test", a South Korean National Defense Ministry official told CNN. But scientists say the estimated yield of around six kilotons was similar to the North's previous nuclear test in 2013, and far too low for a thermonuclear device.

Business

Best stocks of the day: Masco Corporation (NYSE:MAS)

The stock did not find buyers even at the lows and closed at $35.46 recording a loss of -0.20%. The stock negotiated total number of 2.34 million shares as compared to 3 months average volume of 3.78 million shares. Most recent session's volume of 982.35 thousand shares lower than its average volume of 1.42 million shares. The company's institutional ownership is monitored at 94.6%.

Business

$28 Billion Enbridge-Spectra Deal Creates Huge Energy Storage Firm

Energy Transfer Equity LP terminated an agreement to buy Williams Cos . amid a stubborn two-year energy rout, while Kinder Morgan Inc . has moved to simplify its structure. "The transaction premium recognizes the strength of Spectra Energy's world-class natural gas pipeline system and significant expansion program, while providing shareholders the opportunity to participate in the unparalleled value creation potential of the combined company", Ebel said.

Business

Local family concerned over rising cost of EpiPen

Mylan CEO Heather Bresch has staunchly defended EpiPen's cost, arguing that the "hundreds of millions of dollars improving the product", which Mylan acquired from Merck in 2007, justified the high price. The company has come under scrutiny in recent weeks after news surfaced that the price of a two-pack EpiPen has soared, rising from approximately $100 in 2009 to around $600 and more today, according to medical literature and various pharmacies nationwide.


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