Economy / 870

US August ISM Manufacturing Index Advances To 58.8, Strongest Print Since 2014

September 01, 2017

That is the highest reading since April 2011. August's reading indicates a twelfth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. On the global front, exports (down from 57.5 to 55.5) pulled back a little in this report, but worldwide sales continued to expand modestly overall, rising for the 18 consecutive month.

RBI has directed resolution of 12 accounts by December: Axis Bank

September 01, 2017

Around 75% of the outstanding was secured, said the bank adding that against this outstanding, the provision held by the bank was Rs 862 crore. Axis did not disclose which companies were on the list, or how many, but said it had loans to 12 of the names provided to banks by the Reserve Bank of India (RBI) on Monday (28 August).

US Gulf Coast energy infrastructure shut due to Harvey

September 01, 2017

Net-long positions in Brent also declined, with speculators' wagers on the grade, the global benchmark traded in London, decreasing by 1,065 contracts to 417,847, data from ICE Futures Europe showed. Nearly 3 million barrels of oil a day can't be refined into gasoline and other products - about 16% of USA refining capacity, according to Goldman Sachs.

Heavy grades slip as traders eye Gulf Coast shutdowns

September 01, 2017

It will be days or even weeks before the energy sector in the southeast Texas Gulf Coast is back to normal operations as it deals with flooding in the aftermath of Harvey, which has been downgraded to a tropical storm. At the same time, a gasoline supply squeeze triggered a jump in gasoline prices. States likely to see the largest price increases are Texas, Louisiana, Arkansas, and Tennessee, AAA said.

Oil falls but gasoline jumps as Harvey hits U.S. refiners

September 01, 2017

Investors will likely get out of their short positions, according to Andy Lipow, president of consultant Lipow Oil Associates LLC in Houston, said by telephone. "Oman was on track to maintain this production level in 2017, but it reduced production to approximately 970,000 barrels per day in early 2017 to meet the production cut it agreed to, along with members of OPEC", said the report.

Analyst Research and Recommendations: PDL BioPharma, Inc. (PDLI), Cytokinetics, Incorporated (CYTK)

September 01, 2017

FT reports, The 2 analysts offering 12 month price targets for PDL BioPharma Inc have a median target of 3.50, with a high estimate of 4.00 and a low estimate of 3.00. The bigger the return, the more efficient management is in utilizing its asset base. Now the shares of PDL BioPharma, Inc . While it's Return on Investment (ROI) value is 17.8%.

FDA Issues Statement on Keytruda Studies for Multiple Myeloma

September 01, 2017

Interim results from two of those studies - the phase 3 KEYNOTE-183 and phase 3 KEYNOTE-185 trials - showed increased risk for death among pembrolizumab-treated patients. "Patients taking these drugs for their approved uses should continue to take their medication as directed by their health care professional". RECOMMENDATION: Other multiple myeloma clinical trials of Keytruda (pembrolizumab), other PD-1/PD-L1 cancer drugs and other combinations are now undergoing clinical evaluation.

Mondelez International, Inc. (NASDAQ:MDLZ) Experiences Heavy Trading Volume

September 01, 2017

Bollard Group has an ownership of 25,611 company stock worth at $1,103,000 after scooping up an extra 2,869 shares through out the previous quarter, Lastly, Boys Arnold added additional shares of Mondelez International by 5.7% in the Q1. Cramer Rosenthal Mcglynn has invested 0.35% in Mondelez International Inc (NASDAQ:MDLZ). It last reported revenues of $14.76 billion and EPS of $0.72 for the June 2017, representing 9% top-line growth and 0.59 EPS growth.

Construction Spending Fell to Nine-Month Low in July

September 01, 2017

Spending on non-residential construction slumped by 1.9%, more than offsetting a 0.4% increase in spending on residential construction. July's figure is 1.8% greater than the July 2016 estimate of $1,189.8 billion. The government reported earlier this week that the overall economy grew at a brisk 3 percent pace in the April-June quarter, up from a lackluster 1.2 percent gain in the first quarter, as measured by the gross domestic product.

Saab to partner Adani for India fighter jets contract

September 01, 2017

The parties plan to develop the relationship into a structure of joint ventures in India for execution of the programs, including the single engine fighter program, in order to support the Make in India policy and exhibit the parties' long term commitment to be jointly successful.

Farmers Trust Co Has Boosted By $429111 Its Wal (WMT) Holding; Profile of 7 Analysts Covering Koninklijke Philips

September 01, 2017

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. It has underperformed by 2.87% the S&P500. Private Wealth Partners Llc increased Amazon Com Inc ( AMZN ) stake by 104.16% reported in 2016Q4 SEC filing.

Precision Drilling Corp (PDS): Stock Overview

September 01, 2017

Let's also look quickly at some analyst views on company shares. In this case performance of tends to percentage rate of return for a stock for a given time frame. Through this figure traders can analyze that PDS show whether or not a stock now most active and standing in buying side or sell side. The firm's revenue was up 68.0% compared to the same quarter a year ago.

Analytical Guide for Geron Corporation (GERN), Exxon Mobil Corporation (XOM) Stakeholders

September 01, 2017

Geode Capital Management LLC now owns 1,212,214 shares of the biopharmaceutical company's stock valued at $2,751,000 after buying an additional 120,222 shares in the last quarter. A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. For this GERN's 20 days and 50 days MA (moving average) comparison clear the blur picture.

Short Term Technical Outlook: Wells Fargo & Company (WFC), Exelixis, Inc. (EXEL)

September 01, 2017

Wells Fargo & Co New (Call) now has $255.25B valuation. The stock decreased 0.56% or $0.29 on August 31, reaching $51.07. Adell Harriman & Carpenter Inc increased Enterprise Products (NYSE:EPD) stake by 24,026 shares to 394,445 valued at $10.67 million in 2016Q4.

Monster Beverage Corporation (NASDAQ:MNST) Quarterly EPS Review

September 01, 2017

If the $59.98 price target is reached, the company will be worth $2.20 billion more. BB&T Securities LLC increased its position in Monster Beverage Corporation by 83.1% in the second quarter. The average 1-year price target for (SERV) reveals an average price target of $47.86 per share. If you are reading this article on another publication, it was copied illegally and reposted in violation of USA and worldwide copyright laws.

Native Tech Billionaire Michael Dell Launches Ambitious Fund To Help Harvey Victims

September 01, 2017

Dell and his wife Susan are seeding the fund with a $36 million grant from their charitable foundation - half of it up front, and half of it as a match to funds raised over the weekend. The matching campaign starts on Friday and will continue through midnight on Monday. These figures are constantly growing as pledges continue to pour in.

Notable Stock Analysts Ratings Novavax, Inc. (NVAX)

September 01, 2017

Novavax Inc (NASDAQ:NVAX) has a market cap of $303.11 Million and the number of outstanding shares have been calculated 288.68 Million. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.66% where SMA50 and SMA200 are -5.95% and -11.52% respectively.

L'Oreal sacks first transgender model Munroe Bergdorf

September 01, 2017

She joined Katie Piper, Cheryl, and Gary Thompson and spoke about hoping to break down barriers. "When a transgender woman of colour, who has been selected to front up a big brand campaign to combat discrimination and lack of diversity in the beauty industry, speaks on her actual lived experience of being discriminated against because of her race and identifies the root of where that discrimination lies-white supremacy and systemic racism-that big brand can not simply state that her thoughts ...

Zurich taps Swiss Re's Martin for chief risk officer job

September 01, 2017

She will join Zurich's executive committee on October 1, before taking on the CRO role on January 1, 2018. Reyes was appointed CRO in 2015, when she followed in the footsteps of Axel Lehmann , who opted to join UBS. She's demonstrated that she can grow businesses based on a deep understanding of market dynamics, risk balancing and capital management, and is precisely the type of high-energy executive we were seeking to build on Cecilia Reyes's accomplishments.

Stocks To Invest: ASML Holding NV (ASML), Johnson Controls International plc (JCI)

September 01, 2017

Since the beginning of the calendar year, the stock is -4.98%. Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, July 27th. The company's revenue was up 48.8% compared to the same quarter previous year. 14 analysts on average are expecting Johnson Controls International plc to report earnings of $0.71 per share for the current quarter.

Ford Aug US Sales Down 2.1%

September 01, 2017

James Investment Research Inc. now owns 820,166 shares of the auto manufacturer's stock valued at $9,547,000 after buying an additional 89,540 shares during the last quarter. On June 21, 2017 Guggenheim added the stock to its research portfolio by announcing an initial rating of "Neutral". Vetr raised General Motors to a "strong-buy" rating in a report on Friday, June 9th.

USA labor board slaps Tesla with complaint over worker rights

September 01, 2017

According to a copy of the Consolidated Complaint, Tesla must file an answer on or before September 14, 2017 or postmarked on or before September 13, 2017. This is despite signing a document indicating they may face termination or criminal prosecution for speaking publicly, or to the media, about what they observed at work or their working conditions.

Stock Jumping Abnormally High: AK Steel Holding Corporation (AKS)

September 01, 2017

Over the past five trading sessions shares of AK Steel Holding Corporation (NYSE:AKS) are 6.06%; 4.67% for the month; -4.92% for the last quarter; -32.85% for the past six-months; and 25.56% for the last 12 months. During the last month, the stock has changed -16.00% and performed -51.71% over the last 6 months. Strategic Investment Management Llc decreased its stake in Ak Steel Holding Corp Com Stk (AKS) by 83.82% based on its latest 2016Q4 regulatory filing with the SEC.

Sirius XM Holdings Inc. (NASDAQ:SIRI): Are Traders Shorting This Stock?

September 01, 2017

The company was maintained on Friday, August 14 by Barclays Capital. As per Friday, April 29, the company rating was maintained by Wunderlich. The stock recovered 15.75% since its low point and has performed -8.6% year-to-date. The company has Beta Value of 1.1 and ATR value of 0.11. Obermeyer Wood Invest Counsel Lllp holds 0.03% in AmeriGas Partners, L.P. (NYSE:APU) or 7,122 shares.

Volkswagen Scrappage Scheme Launched, Offers Big Savings

September 01, 2017

Volkswagen's scheme is applicable to any diesel VW that complies with pre-Euro 51 emissions legislation and which was registered before 2010. Volkswagen, Nissan , Toyota and Kia on Friday became the latest carmakers to launch their own scrappage schemes in Britain , as sales slide, saying they aimed to get motorists to trade in their old cars for less polluting new models .

Price Target Analysis of Dextera Surgical Inc. (DXTR)

September 01, 2017

A volume "spike" where volume is way more than normal-5 to 10 times (or more) average volume (for that time or period) for example-could indicate the end of a trend. Regardless of which metric you utilize, a firm understanding of the concept of volatility and how it is measured is essential to successful investing.

Synthetic Biologics Inc. (SYN) closed its previous trading session at $0.76

September 01, 2017

Currently, the 14-day Relative Strength Index (RSI) reading is at 76.26. The RSI oscillates between zero and 100. Why Synthetic Biologics, Inc. Analysts set a 12-month price target of $3.5 a share. The company reported revenue of $0 in the same period previous year. A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

United States adds 156000 jobs in August; unemployment 4.4%

September 01, 2017

Wage growth typically averages 3.5 percent to 4 percent annually when unemployment is this low. The BLS noted in its report that Hurricane Harvey had "no [discernible] effect" on the employment data for August. In recent years, August has been one of the weaker months for the jobs report relative to expectations due to seasonal adjustment issues. Job creation in the USA slowed in August after a stronger start to the summer, and the unemployment rate ticked up from a 16-year low.

Great Lakes Basin Project Application Denied

September 01, 2017

The Board called GLBT's financial information provided in their application "fundamentally flawed". It is unclear if GLBT will resubmit a different application in the future. The Board said it considered the application incomplete and therefore rejected it. As for now, the future for the proposed rail line in Winnebago County and the surrounding area seems in doubt.

$1.07 EPS Expected for McCormick & Company, Incorporated (MKC)

September 01, 2017

The firm has "Hold" rating by Jefferies given on Wednesday, October 12. The stock of McCormick & Company, Incorporated (NYSE: MKC ) has "Outperform" rating given on Tuesday, October 25 by Credit Suisse. Public Employees Retirement Association Of Colorado holds 0.07% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 91,944 shares. Kanaly Trust accumulated 0% or 220 shares.

ChannelAdvisor Corporation (NYSE:ECOM) Stock Traded 10.8% Above Its 50 Day Average

September 01, 2017

Following the completion of the purchase, the director now owns 36,411 shares of the company's stock, valued at approximately $364,110. Barclays Public Ltd Company has invested 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM). ValuEngine upgraded ChannelAdvisor Corporation from a "sell" rating to a "hold" rating in a research report on Thursday, May 18th. Zacks Investment Research raised shares of ChannelAdvisor Corporation from a "hold" rating to a "buy" rating and set a $13.00 ...

Do Institutional Investors Love Gaming & Leisure Properties Inc (NASDAQ:GLPI)?

September 01, 2017

Zoes Kitchen Inc now has $256.69 million valuation. Currently, 211.33 million total shares are owned by the public and among those 200.27 million shares have been available to trade. Deutsche Bank maintained Gaming and Leisure Properties Inc (NASDAQ:GLPI) rating on Wednesday, December 7. Stifel Nicolaus maintained it with "Hold" rating and $3900 target in Thursday, July 27 report.

Ishares Barclays Credit Bond Fund (CRED) TE Moving Average in the Spotlight

September 01, 2017

Aroon Up level above 70 indicates a strong up-trend while Aroon Down above 70 indicates a strong down-trend. Consistent negative value suggests momentum is decreasing while a positive trend suggests increasing momentum. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may provide an oversold signal. Even though the name contains the word commodity, CCI can be used on other investment tools such as stocks.

Cara Therapeutics, Inc. (NASDAQ:CARA) EPS Analysis

September 01, 2017

The Firm is focused on developing and commercializing chemical entities created to alleviate pain and pruritus by focusing on kappa opioid receptors. Over the past 2 quarters, Cara Therapeutics, Inc. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and global copyright & trademark law.

Chopper scam: Chargesheet against ex-IAF Chief

September 01, 2017

The charge sheet, which has also named retired Vice Chief of Air Staff air marshal J S Gujral, was filed before Special CBI judge Arvind Kumar just before the rising of the court. The agency, sources said, has revealed for the first time that S P Tyagi not only conspired with others to reduce the ceiling of 12 VVIP choppers, but manipulated with other operational requirements as well so that AgustaWestland gets the contract, in lieu of bribery.

Microsoft Corporation (NASDAQ:MSFT) Trading Up - Insiders Are Selling

September 01, 2017

About 1,380 shares traded. It has underperformed by 21.57% the S&P500. In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The correct version of this article can be accessed at https://baseballnewssource.com/markets/westchester-capital-management-inc-cuts-position-in-microsoft-corporation-msft/1567302.html.

Shares in Camden Property Trust (CPT) Acquired by OMERS ADMINISTRATION Corp

September 01, 2017

The stock declined 0.24% or $0.09 reaching $37.76 on the news. About 35,143 shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since August 31, 2016 and is uptrending. It also reduced Philip Morris Intl Inc (NYSE:PM) stake by 4,726 shares and now owns 245,730 shares. Boston Properties Inc (NYSE:BXP) was reduced too.

Pioneer Natural Resources Company (PXD) Stake Decreased by Scout Investments Inc

September 01, 2017

Over the last quarter, insiders purchased 1,200 shares of company stock worth $161,102. About 17,462 shares traded. It has underperformed by 21.16% the S&P500. Plante Moran Advisors Ltd has invested 0% in Pioneer Natural Resources (NYSE:PXD). Bridgewater Assocs LP holds 0.07% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 42,800 shares.

Analyst's Proposition on Las Vegas Sands Corp. (LVS), JPMorgan Chase & Co. (JPM)

September 01, 2017

The stock rose 0.15% or $0.17 reaching $112.48. About shares traded. Las Vegas Sands Corp. NXP Semiconductors NV (NASDAQ:NXPI) has risen 24.67% since August 30, 2016 and is uptrending. Vetr raised Las Vegas Sands Corp. from a "hold" rating to a "buy" rating and set a $63.09 target price for the company in a research report on Wednesday, May 31st.

Bristol-Myers Squibb Company (BMY) Trades at 52-Week High

September 01, 2017

In other news, Director Theodore R. Samuels II bought 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 2nd. The company is trading up since yesterday's close of $59.38. Bristol-Myers Squibb Company has a 12 month low of $46.01 and a 12 month high of $60.45. Interxion Holding NV had 24 analyst reports since August 6, 2015 according to SRatingsIntel.

Wells Fargo fake-account estimate rises

September 01, 2017

People may have had different kinds of accounts in their names, so the number of customers affected may differ from the account total. Wells Fargo said Thursday that about half a million of the newly discovered accounts were missed during the original review, which covered the years 2011 to 2015.

Half A Million Vehicles Estimated To Be Scrapped After Harvey's Rampage

September 01, 2017

In fact, the flooding is so extensive, Cox Automotive estimates a half-million vehicles may wind up in the scrap yard. "This is worse than Hurricane Sandy". There have already been numerous reports of hotels, convenience stores and gas stations inflating prices to take advantage of those struck the hardest by Hurricane Harvey.

Parents pay the price as childcare providers struggle to deliver 30 hours

September 01, 2017

Neil Leitch, chief executive of the Alliance, said the 30-hours offer was a "policy in chaos", and parents were now facing additional charges and unexpected restrictions. Applications close on 31 August , and HMRC says parents who apply on that day can get a code to claim childcare. As a parent I think it is great that we can offer childcare at a reasonable cost and free to some parents....

This company has to change, says Uber's new CEO Dara Khosrowshahi

September 01, 2017

He'll attend an all-hands meeting on Wednesday, it said. Khosrowshahi was offered the position of Uber's CEO on Sunday, which he accepted Tuesday. But it took another two days to announce the news publicly. In his role as chief financial officer, he held responsibility for all aspects of finance, including planning & analysis, accounting, tax, treasury, internal audit, procurement, real estate and investor relations, as well as corporate strategy for Expedia.

President Trump lifts limits on military gear for local police

September 01, 2017

President Barack Obama announced that he was placing limits on the transfer of military surplus to local police in the United States in the year 2015, but in an nearly same fashion that has now become oft, his successor President Donald J. The Department of Defense program that provides surplus military gear to police departments began in 1990. "Militarized gear sometimes gives people a feeling like police are an occupying force as opposed to a part of the community there protect them", ...

The Twenty-First Century Fox, Inc. (FOXA) Short Interest Up 17.0% in August

September 01, 2017

The SI to Twenty First Century Fox Class A's float is 1.8%. It has ranged in price between $27.28-$27.72 after having started the session at $27.29 as compared to the previous trading day's close of $27.35. (NYSE:CMI) was sold by Satterthwaite Tony . CHAPMAN STEVEN M also sold $1.07M worth of Cummins Inc. $169,527 worth of stock was sold by NELSON GEORGIA R on Thursday, May 25.

Thursday, Labor Day weekend warm and sunny in Oklahoma

September 01, 2017

Friday: Partly cloudy and hot. Northwest wind 6 to 9 miles per hour. Northwest wind 8 to 11 miles per hour. Lakes Area Today: Mostly clear and warm. Sunday's forecast calls for sunny skies with a high of 94 and an overnight low of 60. Low 46F. Winds NW at 10 to 15 miles per hour. Wind gusts around 30 miles per hour will be possible at times.

Coast Guard trying to rescue 3 tugboat crews near Port Aransas

September 01, 2017

He says they retrieved three people from a fishing boat, four from a barge and 11 from two tugboats. "This was a great effort between our Coast Guard aircrews and Signet Constellation's crew in very unsafe conditions", Capt. Winds slowed throughout Saturday as Harvey was downgraded to a Category 1 storm and then to a tropical storm. Two MH-65 Dolphin helicopter aircrews have been sent to rescue the crews.

USA gasoline prices surge as Harvey keeps refiners shut

September 01, 2017

Motiva's massive Port Arthur refinery, the No. 1 refinery in the US that is controlled by Saudi Aramco, began a controlled shutdown early Wednesday due to "increasing local flood conditions". Harvey was forecast to drop another 3 to 6 inches of rain on Wednesday, with a storm surge of up to 4 feet along the western part of Louisiana's Gulf Coast.

New Look chief executive quits the firm

September 01, 2017

U.K. New Look named Danny Barrasso, managing director for United Kingdom and Ireland, as interim chief with immediate effect as its board searches for a permanent CEO. The company is also seeking to reduce its dependence on the United Kingdom high street. Kristiansen said at the time: "As expected, the United Kingdom market has remained hard, which has resulted in a disappointing quarter of trading".

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