Finance


Crude oil prices likely to see some uptick in near term
- July 18, 2017

While observers may note that the market should be left to re-balance itself, a look at fundamentals suggest that approach may not be feasible or sufficient. Futures climbed 1 percent in NY, pushing prices to a weekly gain of 5.2 percent. Net long positions in the West Texas Intermediate futures contracts were slashed, the reason it fell as low as $42 in late June. (more...)
Owner Leslie Alexander puts Houston Rockets on market after 24 years Owner Leslie Alexander puts Houston Rockets on market after 24 years
- July 18, 2017

He purchased the Rockets in 1993 for $85 million ($144 million in 2017 dollars). The value of the franchise has grown steadily since the Hakeem Olajuwon era, thanks in large part to Yao Ming's global appeal. The unexpected announcement, which reportedly even caught people within the organization by surprise, comes less than two weeks after the Rockets signed James Harden to the biggest contract extension in National Basketball Association history. (more...)
BlackRock Founders as Q2 Earnings Fail to Reach Goal BlackRock Founders as Q2 Earnings Fail to Reach Goal
- July 18, 2017

The stock of BlackRock, Inc . Equity had net outflows of $600 million, reflecting outflows from European and US equities, while fixed income had net inflows of $7.1 billion, led inflows into municipal, total return and unconstrained strategies. (more...)
Peltz Launches Proxy Fight with Procter & Gamble Peltz Launches Proxy Fight with Procter & Gamble
- July 18, 2017

In company news, Procter & Gamble ( PG ) reversed an early decline, trading almost 1% higher late in Monday trading after the consumer staples conglomerate this afternoon said while it welcomed input from an activist investment manager on ways to improve shareholder value, it still wasn't ready to expand its board of directors by adding Trian Fund Management's chief executive to the 10-member panel. (more...)
Disney to Add to Meyer Order, Three LNG Ships Disney to Add to Meyer Order, Three LNG Ships
- July 18, 2017

Iberiabank Corp raised its stake in Walt Disney Company (The) by 8.6% in the fourth quarter. The fund owned 11,125 shares of the entertainment giant's stock after selling 760 shares during the period. Walt Disney Company (The)'s dividend payout ratio (DPR) is presently 27.18%. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & worldwide copyright & trademark law. (more...)
Washington Cos. in Buyout Talks With Canada's Dominion Diamond Washington Cos. in Buyout Talks With Canada's Dominion Diamond
- July 18, 2017

Allianz Asset Management AG bought a new position in shares of Dominion Diamond Corporation during the fourth quarter worth $320,000. As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 758 shares trimming its holdings by 31.6%. (more...)
Netflix Stock Up 8% On Strong Subscriber Growth Netflix Stock Up 8% On Strong Subscriber Growth
- July 18, 2017

Netflix has a 52-week low of $84.50 and a 52-week high of $166.87. The stock has a market capitalization of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99. Insiders sold a total of 421,458 shares of company stock worth $64,206,893 over the last three months. The company's average Piotroski F-Score: 4 during the last 7 years. (more...)
Ashley Madison will pay $11.2 million to users for data breach Ashley Madison will pay $11.2 million to users for data breach
- July 17, 2017

Ashley Madison is to pay a sum of $11.2 million (roughly £8 million) to their clients who were victims of a major hacking attack. The data included names, address, birth dates and sexual interests. Avid Life Media and Avid Dating Life have rebranded as Ruby Corp. and Ruby Life, respectively. "The parties have agreed to the proposed settlement in order to avoid the uncertainty, expense, and inconvenience associated with continued litigation". (more...)
Blue Apron Plummets After Amazon Files for Meal-Kit Trademark Blue Apron Plummets After Amazon Files for Meal-Kit Trademark
- July 17, 2017

Following a report this morning that Amazon .com Inc. The product's tagline: "We do the prep. You be the chef", suggesting the e-commerce giant's plans to launch its own prepared meal kit service. Amazon's acquisition of Whole Foods means the company will soon have access to top-notch food sourcing and distribution, which will undoubtedly make it easy to compete with Blue Apron in the meal-kit market. (more...)
Final route for HS2 north of Birmingham to be revealed Final route for HS2 north of Birmingham to be revealed
- July 17, 2017

The work will involve constructing tunnels, embankments and viaducts between London and Birmingham , which is estimated to support 16,000 jobs. The high-speed HS2 rail will eventually link London with central and northern England , with the total cost now said to be around 74 billion USA dollars. (more...)
Passengers taken off plane after someone 'passes gas' Passengers taken off plane after someone 'passes gas'
- July 17, 2017

In a statement, an official said that a plane at RDU had been taken out of service due to a bad odour but denied that this was a effect of " passed gas ". The flight landed at the airport around 4 p.m., when the incident was reported. " But it is not due to "passed gas" as mentioned," he said. The airport's mixed messages prompted several media outlets to report that the plane had been forced to land in Raleigh - though it was the intended destination - and to be evacuated. (more...)
China June coal output rises as summer power demand heats up China June coal output rises as summer power demand heats up
- July 17, 2017

In contrast, the output of raw coal increased 10.6 percent year on year to 310 million tonnes in June, the fourth consecutive month of growth, the NBS said in a statement. The economy is likely to face further headwinds as consumption also comes under pressure from slowing income growth, said Fan Zhang, senior China economist at RHB Bank. (more...)
'Oh bother!' - China censors Winnie the Pooh 'Oh bother!' - China censors Winnie the Pooh
- July 17, 2017

Comparisons between Xi and Pooh first emerged in 2013, after Chinese social media users began circulating a pair of pictures that placed an image of Pooh and his slender tiger friend "Tigger" beside a photograph of Xi walking with then-US President Barack Obama . (more...)
ITV names Carolyn McCall as its first female chief executive ITV names Carolyn McCall as its first female chief executive
- July 17, 2017

Prior to that, she was also chief exec of the Guardian Media Group . "It is a fantastic company in a dynamic and stimulating sector", she said. "For ITV , we think the move suggests the company is comfortable with its strategic direction but her strong personal links should be helpful in several areas". (more...)
Trump's approval rating dips to 36 percent in new poll Trump's approval rating dips to 36 percent in new poll
- July 17, 2017

His approval rating among respondents was just 36%-the lowest of any modern president at the six-month mark. Trump, tweeting throughout the morning Sunday, also blasted Hillary Clinton , U.S. The repeal effort is opposed by all Democrats, and the loss of a single Republican vote could doom it. Only 37 per cent of Americans "say the Democratic Party now stands for something, while 52 per cent viewed it as it "just stands against Trump". (more...)
Gold futures rise after weak U.S. inflation, retail data Gold futures rise after weak U.S. inflation, retail data
- July 17, 2017

The number of Americans filing for unemployment benefits fell last week for the first time in a month and producer prices unexpectedly rose in June, likely keeping the U.S. "We're seeing precious (prices) buoyed on the back of that". USA gold futures for August delivery fell 0.2 percent to $1,214.80 per ounce. A stronger greenback would weigh on gold, making the dollar-priced commodity more expensive for investors holding other currencies. (more...)
Ander Herrera commits himself to Manchester United future
- July 17, 2017

The Red Devils eventually moved for Romelu Lukaku instead. Morata is clear in his understanding that he is not first choice under Zinedine Zidane at Real Madrid . "We have signed a big player for our forward line. It is a pity he is not with us, but he is a top striker and will be a success wherever he is". Obviously there are other good strikers in football but the Premier League is a very specific habitat, a different habitat. (more...)
Horsemeat Scam Leads to 66 Arrests in Europe Horsemeat Scam Leads to 66 Arrests in Europe
- July 17, 2017

Investigators looking into "unusual behavior" in horse meat markets are said to have uncovered an operation run by an organized crime syndicate in Spain in which old and neglected horses were slaughtered and sold as meat overseas. Investigators searched for the origin of the contamination and tracked it to the Dutch man. Spain's Guardia Civil police force began their investigation in 2016 after detecting "unusual behaviour" in horsemeat markets. (more...)
Pittsburgh Pirates vs. St. Louis Cardinals Pittsburgh Pirates vs. St. Louis Cardinals
- July 17, 2017

He singled in the third for his first major league hit after an 0-for-21 start at the plate. The 25-year-old Dominican has allowed five runs and seven hits in five innings in each of his last two starts, taking the loss in both. The legend of Cardinals rookie Magneuris Sierra continues to grow. Pirates: Trevor Williams (3-4, 4.80 ERA) will make his first career start against the Cardinals. (more...)
Justin Trudeau meets Justin Trudeau, the Syrian refugee baby named after him Justin Trudeau meets Justin Trudeau, the Syrian refugee baby named after him
- July 17, 2017

Baby Trudeau was later born in May, this year, in Calgar, near the Canadian Rockies. After learning Canada was starting to take in Syrian refugees after Mr Trudeau became Prime Minister, they jumped at the chance to leave. "It will be a big story because you know, the Arabic name and the English name, there is a big difference". "But now it's by appreciation for Justin Trudeau , we name him like this", she said. (more...)