Money

European Bonds Resume Slide on Faster German Regional Inflation

Energy prices rose 5.8% over the year from the 2.5% recorded in December and the overall rate of goods inflation increased to 2.7% from 1.8% previously. A faster rate of increase would lead to fresh tapering speculation. Food price inflation accelerated to 3.2 percent from 2.5 percent. Austrian and Irish bond yields AT10YT=TWEB IE10YT=TWEB also hit multi-month highs before pulling back. [Full Article...]

TransCanada submits new application for Keystone XL pipeline

TransCanada submits new application for Keystone XL pipeline Department of State for approval of the controversial Keystone XL Pipeline. Data from the State Department, however, counters these "tens of thousands" of jobs with calculations that the permanent jobs to be created as a result of the project will only come up to 35. [Full Article...]

Memory chips destined to be a load of old Tosh

Memory chips destined to be a load of old Tosh Mark Newman, an analyst at Sanford Bernstein in Hong Kong, said the move would only be a short-term band-aid. Toshiba will sell a stake of less than 20 percent in its flash memory operation to raise several hundred billion yen to avoid falling into negative net worth in the current business year to March, sources familiar with the matter said earlier. [Full Article...]

American Airlines profits drop due to taxes, higher fuel and labor costs

American Airlines profits drop due to taxes, higher fuel and labor costs Year to date performance for American Airlines Group Inc. But shares of American Airlines and many peers reversed soon after Friday's open. (NASDAQ:AAL) will issue their earnings release on or around 2017-01-27. Revenues grew 1.7 percent in the fourth quarter to $9.8 billion. Having a glance at growth estimates of the company, it has current quarter growth estimates of -54.00% whereas ... [Full Article...]

Heinz Gives Salaried Workers Off The Day After Super Bowl

Kraft Heinz believes the pinnacle of the game transcends all social barriers and beliefs, and it is a day in which most of the country actually participates. Share it with friends, family and even strangers and get THEM to sign it. Kraft Heinz said it hopes Congress will take the idea and run with it. It's unclear if that's all salaried employees or not, but there are 42,000 of them in t... [Full Article...]

What Will Alibaba Do With MoneyGram?

MoneyGram was up more than 9% on the news, while Alibaba was down 0.5% to $103.55 in recent trading. That will connect MoneyGram's money transfer network of 2.4 billion bank and mobile accounts, and 350,000 physical locations with Ant Financial's users. [Full Article...]

Golden Gate Capital Pays $565M For Bob Evans Restaurants

The timing couldn't be better for Bob Evans' shareholders, as the restaurant industry ended 2016 at the weakest levels in three years. There are seven Bob Evans restaurants in the Grand Rapids area, Muskegon, Holland, Kalamazoo, and Battle Creek. [Full Article...]

Dow tops 20000 for the first time

Dow tops 20000 for the first time The rally in the Dow - which had stalled in recent weeks after peaking at 19,999.63 on January 6 - was reignited by Trump's signing of numerous executive orders since his inauguration on Friday, including the go-ahead to move forward with the construction of two controversial oil pipelines. [Full Article...]

CPI inflation rate back over 1 percent

The jump is partly due to falling oil prices in late 2015 falling out of the calculation. Despite higher quarterly prices, petrol and global airfares were cheaper than a year ago. After adjusting for seasonal effects, the CPI was up 0.7 percent. The RBA, however, doesn't appear too concerned about the numbers, says one currency strategist, but are likely to now be more closely monitoring the non... [Full Article...]

Subcommittee advances bill aimed at 'defunding' Planned Parenthood (AUDIO)

They say state funds aren't used for abortions, and abortions are only a small percentage of the health care Planned Parenthood provides . All facilities said that they provided abortions. While the Planned Parenthood Health Center in Ottawa doesn't provided abortions, it does provide medication abortion (abortion pills), counseling and sexually-transmitted-infection testing, and it would be affe... [Full Article...]

Collins calls for new U.S.-Canada NAFTA

Collins calls for new U.S.-Canada NAFTA Traditionally, a new USA president makes one of his first foreign visits to Canada to signal the continued closeness U.S. "They should not be mixed together". Experts say tearing up trade ties with Mexico would cost jobs in each country but that Mexico would be hit hardest. If the USA wants to bring jobs back, it should make sure that the jobs perform sophisticated, value added, highly educate... [Full Article...]

Eurozone Manufacturing Activity Surges to 69-Month High in January

Eurozone Manufacturing Activity Surges to 69-Month High in January The index remained above the 50 threshold that separates expansion from contraction for the third consecutive month and showed that activity expanded at the fastest since March 2014. The composite output index climbed to a 67-month high of 53.8 in January from 53.1 in December. Manufacturers had their best month since April 2011, "highlighting how political risk continues to be widely eschewed, ... [Full Article...]

Yahoo results best estimates, but Verizon deal pushed back

Yahoo results best estimates, but Verizon deal pushed back CEO Marissa Mayer has clarified that the company's commitment to the security of its users remains "unwavering"."We continue to believe Yahoo remains attractive to Verizon", Kunal Madhukar, an analyst with SunTrust Robinson Humphrey, said in a note Tuesday. [Full Article...]

Rio Tinto to offload Hunter Valley coal assets to China's Yancoal

Rio Tinto to offload Hunter Valley coal assets to China's Yancoal After divesting its Mount Pleasant project and completing the sale of a 40% stake in the Bengalla venture to New Hope Corp. last year, the sale of its Coal & Allied Industries Ltd. Investment bank Morgan Stanley said it expects Rio to raise to $US1.30 its final dividend from its guidance of a dividend of at least $US1.10 a share when it releases its full year results on February 8. [Full Article...]

Dollar sinks to 7-week low on Trump uncertainty

Dollar sinks to 7-week low on Trump uncertainty The dollar retreated as Donald Trump began his presidency promising to put America first and hitting out at global trade deals. A top Trump adviser will meet this week with advisers to Canadian Prime Minister Justin Trudeau, whose Liberal government is gathering to plan a response to a possible renegotiation of the North American Free Trade Agreement. [Full Article...]

Judge blocks Aetna's $37b deal for Humana

Judge blocks Aetna's $37b deal for Humana The court's decision wasn't a shock. The ruling to block the merger does not come as a major surprise. The judge decided that Medicare Advantage and traditional Medicare should not be considered the same market. "The government alleges that the effect of the merger between Aetna and Humana "may be to substantially lessen competition" in the public exchange markets in 17 counties in Flo... [Full Article...]

Winston Churchill statue back in the Oval Office

Theresa May, who will visit the new president soon, seemed happy about Trump's decision of displaying the bust. A BUST of Sir Winston Churchill has been returned to the White House's Oval at President Donald Trump's request. There is an additional bust of Teddy Roosevelt in one of the bookshelves too. The Swedish Ivy on the mantlepiece is also retained, the news channel said. [Full Article...]

Analyst Activity - Jefferies Group Reiterates Buy on Bristol-Myers Squibb (NYSE:BMY)

Deutsche Bank AG cut their target price on Bristol-Myers Squibb from $59.00 to $52.00 and set a hold rating for the company in a research report on Friday, October 28th. The Kroger Co. (NYSE:KR) belongs to Retail-Wholesale sector closed its last session with a loss of -1.86 percent and closed its previous trading session at $34.26. [Full Article...]

Trump Signs Executive Order to Relieve Economic Burden of Obamacare

Trump Signs Executive Order to Relieve Economic Burden of Obamacare Trump and GOP leaders in Congress have said they want to repeal at least certain provisions of the ACA, and replace it with new health-care legislation. It stopped at Binghamton City Hall Friday, where advocates along with Assemblywoman Donna Lupardo and Broome County Executive Jason Garnar rallied to make sure people don't lose coverage if the ACA is repealed. [Full Article...]

China consumption contributed less to 2016 growth

China consumption contributed less to 2016 growth Compared to 2015, the growth has slowed down by 0.2%, which is not a positive development by any means.Then again, the number falls within Beijing's target range and is still higher than some people had anticipated at first. Fixed asset investment advanced 8.1% on year, missing expectations for 8.3%, which would have been unchanged. He added that China should maintain "medium to high-speed g... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14  Next »