Azerbaijan further cuts oil output

We therefore expect average oil prices for the year to be below those in January and February. That has shown the number of United States drilling rigs in use has grown 92% to 609 in just over nine months, while the total number of rigs in use (inc... More..

by | Published more than a month ago
Aberdeen Asset Management and Standard Life agree all-share merger
by | Tuesday, March 07, 2017

Aberdeen Asset Management and Standard Life agree all-share merger

The deal, which has grown out of conversations from the start of the year, will see the asset management merger bring together the equities and fixed income arms - adding Aberdeen's passive focus and Standard ...More..

U.S. authorities raid Caterpillar's IL facilities
by | Monday, March 06, 2017

U.S. authorities raid Caterpillar's IL facilities

The Peoria Journal Star newspaper reported that law enforcement officials were seen entering Caterpillar's headquarters. Caterpillar, which has a financial unit that lends to customers, said it was cooper...More..

Murray River drowning-accused avoids court
by | Sunday, March 05, 2017

Murray River drowning-accused avoids court

The frantic search operation began at 7pm that night, involving the local police, SES workers, Maritime Rescue and Victorian police divers, and continued for 40 hours. Some time after 8pm on Thursday, the mothe...More..

by | Saturday, March 04, 2017

PSA completes deal for GM's Opel

The announcement could still be delayed by last-minute snags but is likely to be made in France, says the person, who didn't want to be identified because the deal hasn't been formally announced. Insiders say P...More..

by | Saturday, March 04, 2017

YouTube launches live TV subscription service

YouTube TV has the potential of changing the way people enjoy video content. YouTube is aiming right for the weakest point of cable TV - inability to offer subscribers the freedom of watching what they want, w...More..

For the First Time Ever, Bitcoin Has Surpassed Gold in Value
by | Saturday, March 04, 2017

For the First Time Ever, Bitcoin Has Surpassed Gold in Value

This time previous year, the price of one Bitcoin was $421.60. The cryptocurrency climbed to $1,241.30 around 10:20 a.m. ET. On January 11, the People's Bank of China announced that it had sent inspec...More..

by | Saturday, March 04, 2017

Costco to raise membership fees; sales, earnings fall short

Global X Management Co. Costco Wholesale Corporation Last issued its quarterly earnings results on Dec 7, 2016. They set a "positive" rating and a $192.00 price target for the company. Earnings per share were...More..

Theresa May lays down independence vote challenge to Sturgeon
by | Saturday, March 04, 2017

Theresa May lays down independence vote challenge to Sturgeon

The Scottish Tory, who has led her party's revival north of the border, said the Scottish Government had promised Scots that the 2014 referendum would be a "once in a generation" event. " The SNP's neglect and ...More..

by | Saturday, March 04, 2017

Oil in Global Economy Series: Is Saudi Arabia bypassing OPEC deal?

For the past week, crude imports averaged 7.6 million barrels a day, up by about 303,000 barrels a day compared with the previous week. Brent was flat at $56.54. This comes on the heels of Russian Federation, ...More..

by | Friday, March 03, 2017

Fed Hike Aftermath Series: Key commentaries from Lael Brainard

New York Fed President William Dudley, a permanent voter on the US central bank's open market committee and close ally of chair Janet Yellen, said the case for tightening monetary policy "has become a lot more ...More..

by | Friday, March 03, 2017

Electronics retailer hhgregg to close Frederick location

The locations that will be closing include the stores in Newport News, Virginia Beach, and Chesapeake. The distribution centers that will close are located in Brandywine, Maryland; Miami, Florida; and Philade...More..

Euro zone inflation reaches 2 percent in February, as expected
by | Friday, March 03, 2017

Euro zone inflation reaches 2 percent in February, as expected

In December, the European Central Bank extended its bond buying program by nine months until the end of 2017, aiming to further shore up the bloc's growth and push the inflation to reach the target. "If these f...More..

$20bn flotation of Snap sees 'a nosebleed's worth of demand' for shares
by | Friday, March 03, 2017

$20bn flotation of Snap sees 'a nosebleed's worth of demand' for shares

Snap's in-demand shares started trading in NY yesterday after the owner of the popular Snapchat messaging app raised US$3.4 billion (S$4.8 billion) in its initial public offering (IPO) on Wednesday, above its...More..

Caterpillar shares sink on news of federal probe
by | Friday, March 03, 2017

Caterpillar shares sink on news of federal probe

While authorities did not immediately disclose details of the raid, NBC affiliate WEEK reported receiving photos of law enforcement wearing IRS jackets entering Caterpillar's headquarters. It's not clear if...More..

by | Thursday, March 02, 2017

The CenterPoint Energy, Inc. (CNP) Shares Sold by Glg LLC

The Boeing Company (NYSE:BA), at its latest closing price of $180.23, it has a price-to-book ratio of 135.54, compared to an industry average at 8.01. CenterPoint Energy, Inc.is now showing 8.2% EPS growth this...More..

by | Thursday, March 02, 2017

Labor Department proposes 60-day delay of retirement savings rule

Industry analysts and consumer groups agreed it could be the first of multiple delays as the department begins a comprehensive review of the Obama-era regulation, after Trump in February issued an executive or...More..

Wall Street hits new highs as Trump speech reignites rally
by | Thursday, March 02, 2017

Wall Street hits new highs as Trump speech reignites rally

In his first address to a joint session of Congress late Tuesday, Trump said he wanted to boost the U.S. economy with a "massive" tax relief, make a $1 trillion effort on infrastructure, and overhaul Obamacar...More..

by | Wednesday, March 01, 2017

Oil industry can't afford declining investment in 2017, OPEC warns

Nigeria, Algeria and other members of the Organisation of Petroleum Exporting Countries lost a cumulative revenue of about $1tn as a result of the crash in crude oil prices, the Secretary-General of OPEC, Moham...More..

Warren Buffett Still Loves Bank of America Corp (BAC) Stock
by | Wednesday, March 01, 2017

Warren Buffett Still Loves Bank of America Corp (BAC) Stock

Billionaire Warren Buffett, famously leery of technology companies, has loaded up on Apple shares after noticing how inseparable iPhone users are from the gadget once they get one in their pocket. Many of the...More..

OPEC, non-OPEC reach 86 percent compliance with product cuts
by | Tuesday, February 28, 2017

OPEC, non-OPEC reach 86 percent compliance with product cuts

After a selloff of more than 1% on Friday, oil prices soared in Asian trading on Monday on the back of decreasing crude oil production in China. "The Far East will remain the main destination for USA crude expo...More..

Heroin overdose deaths increase fourfold from 2010 to 2015
by | Monday, February 27, 2017

Heroin overdose deaths increase fourfold from 2010 to 2015

Dr. Holly Hedegaard of the National Center for Health Statistics, who co-authored the study, also noted that this was the first time the number of overdose deaths in the United States exceeded 50,000. The cent...More..

by | Monday, February 27, 2017

Police make arrests in pipeline protest camp

Thousands of protesters, tons of garbage and almost 750 arrests later, the Dakota Access pipeline occupation wrapped up Thursday as law enforcement cleared stragglers from the floodplain in preparation for the ...More..

United States crude oil stocks build for seventh straight week
by | Sunday, February 26, 2017

United States crude oil stocks build for seventh straight week

Commodity Futures Trading Commission (CFTC) said on Friday. USA crude inventories rose by 564,000 barrels in the week to February 17, up for a seventh week, although below analysts' expectations for an increa...More..

The Citigroup Inc. Reiterates
by | Sunday, February 26, 2017

The Citigroup Inc. Reiterates "Sell" Rating for Lloyds Banking Group PLC (LYG)

The stock traded with the volume of 6.53 Million shares yesterday. Morgan Stanley restated a "buy" rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, March 30th. credit card busines...More..

by | Saturday, February 25, 2017

Administrator Scott Pruitt Addresses EPA Staff

Sheldon Whitehouse of Rhode Island during his confirmation why a "me.com" email was listed as a business email in a pre-hearing questionnaire, Pruitt said its inclusion was a mistake. Two months later, Prui...More..

by | Friday, February 24, 2017

Uber's work environment sounds even worse than we thought

She also said Uber has stopped sending the message to customers, which is similar to a memo CEO Travis Kalanick sent internally this week. Now, days after Susan Fowler's essay went viral, dozens more people...More..

by | Friday, February 24, 2017

Budapest drops its 2024 Summer Olympics bid, leaving just LA and Paris

Budapest's move was announced after the sports-mad Orban, a big champion of the bid, held talks with Budapest mayor Istvan Tarlos and the Hungarian Olympic Committee on Wednesday evening. The plan for the ga...More..

Dow looks to extend record streak as Mnuchin vows tax cuts
by | Friday, February 24, 2017

Dow looks to extend record streak as Mnuchin vows tax cuts

Its stock gave up $1.96, or 5.2 percent, to $35.48. Brent crude, the standard for pricing global oils , fell 34 cents to $55.84 a barrel in London. Tech giant Intel was the biggest loser on the Dow , fallin...More..

by | Friday, February 24, 2017

You Can Fly from Providence to Europe for $65 This Summer

Norwegian Air will also open a base of operations at Stewart for pilots and crew and will station Boeing 737-MAX aircraft at the airport. These will be used to launch the new low-priced routes. The flights w...More..

First Solar Beats Expectations, Prepares For A Transitional 2017
by | Friday, February 24, 2017

First Solar Beats Expectations, Prepares For A Transitional 2017

Solar companies are struggling with a sharp decline in panel prices since the middle of 2016, but First Solar Chief Executive Officer Mark Widmar said bookings had picked up since the end of a year ago. boost...More..

Wayne Rooney not guaranteed to stay at Manchester United, says Jose Mourinho
by | Thursday, February 23, 2017

Wayne Rooney not guaranteed to stay at Manchester United, says Jose Mourinho

Manchester United will be looking to progress to last 16 of the Europa League when they face Saint-Etienne for the second time in less than a week on Wednesday evening. "A calf and hamstring, even if it is...More..

by | Thursday, February 23, 2017

LA Has the Worst Traffic Congestion in the World

After Los Angeles, INRIX listed New York, San Francisco, Atlanta and Miami as the most traffic-choked US cities. "Gas prices haven't increased that much over the previous year or two, " Bob Pishue, senior eco...More..

Ford Motor Company (F) Position Cut by Formidable Asset Management LLC
by | Thursday, February 23, 2017

Ford Motor Company (F) Position Cut by Formidable Asset Management LLC

The growth estimate for the next quarter is -4.8 percent. When we divide the current volume by the three-month average volume, we get a relative volume of 3.55. The growth for the next year comes down to -0.84%...More..

Fed officials discussed possible rate hike 'fairly soon'
by | Thursday, February 23, 2017

Fed officials discussed possible rate hike 'fairly soon'

In its determinations of any future rate increases, the Fed said that it would assess economic conditions at that time, and future periods, relative to its goal of full employment and 2 percent inflation. Meanw...More..