OPEC Cuts Output While US Shale Steams Ahead

The figure would represent 0.6 percent of global supply or around half of OPEC's current production cuts of almost 1.2 million bpd. OPEC's de facto leader, Saudi Arabia , has said it would like the pact - under which output is being reduced by abo... More..

by | Published more than a month ago
Malaysia's IHH Healthcare offers to buy Fortis at Rs160 per share
by | Friday, April 13, 2018

Malaysia's IHH Healthcare offers to buy Fortis at Rs160 per share

Kuala Lumpur-based IHH Healthcare is planning to send a letter to the Fortis board within the next couple of weeks about its plans to bid for the Indian company. Manipal Hospital's equity valuation remained...More..

Billionaire CEO behind Bratz makes his bid for Toys 'R' US
by | Friday, April 13, 2018

Billionaire CEO behind Bratz makes his bid for Toys 'R' US

The funds will come from Larian himself, other investors and bank financing. Larian joins a list of bidders taking last-minute looks at parts of Toys "R" Us. It unveiled plans in March to close or sell its 73...More..

Wells Fargo faces US$1 bil fine from loan abuses
by | Friday, April 13, 2018

Wells Fargo faces US$1 bil fine from loan abuses

Keefe, Bruyette & Woods reiterated a "hold" rating and set a $57.00 price objective on shares of Wells Fargo in a report on Thursday, April 5th. Wells Fargo & Co. During the same period a year ago, the firm e...More..

Elon Musk Says Tesla Will Be Profitable By Third Quarter
by | Friday, April 13, 2018

Elon Musk Says Tesla Will Be Profitable By Third Quarter

Tesla's shares were up slightly, gaining around 2% in trading today. 4,065 shares were sold by Musk Kimbal , worth $1.27M on Tuesday, January 2. It has underperformed by 11.55% the S&P500. Daiwa Sb Invests Lt...More..

Jaguar Land Rover to cut 1000 jobs after 'slump due to Brexit'
by | Friday, April 13, 2018

Jaguar Land Rover to cut 1000 jobs after 'slump due to Brexit'

While the company did not release a figure, the United Kingdom press, including Reuters , reported up to 1,000 jobs would be shed and production would be cut at its Solihuall and Castle Bromwich plants. But wh...More..

North Carolina restaurant offering tarantula burger
by | Friday, April 13, 2018

North Carolina restaurant offering tarantula burger

A hairy, chargrilled tarantula sits right on top of a juicy beef patty for your taste buds to munch on. Other menu items include alligator tubesteak, guacamole topped with seasoned, edible bugs, rabbit meatb...More..

Citigroup Inc Stock Dips Despite Q1 Earnings Beat
by | Friday, April 13, 2018

Citigroup Inc Stock Dips Despite Q1 Earnings Beat

Jane Street Group Limited has invested 0.01% in Citigroup Inc. Advantus Cap Inc has invested 0.49% in Citigroup Inc . Oakbrook Invests Limited Liability Co reported 0.51% stake. The company's stock had a tr...More..

Volkswagen replaces CEO Mueller, announces new structure
by | Friday, April 13, 2018

Volkswagen replaces CEO Mueller, announces new structure

The 59-year-old Diess was named Thursday as the German automaker's new boss, replacing longtime insider Matthias Mueller . Volkswagen has also put huge emphasis on China, branding the market "decisive" f...More..

JPMorgan Earnings Climb on Higher Interest Rates, Lower Taxes
by | Friday, April 13, 2018

JPMorgan Earnings Climb on Higher Interest Rates, Lower Taxes

Revenue grew across its businesses as borrowing rose amid strong economic growth. JPMorgan Chase & Co. shares rose $1.89 (+1.67%) in premarket trading Friday. The ex-dividend date of this dividend is Thursda...More..

Trump administration considering mandatory drug testing for some food stamp recipients
by | Friday, April 13, 2018

Trump administration considering mandatory drug testing for some food stamp recipients

It argued that the federal government should "do everything within its authority to empower individuals by providing opportunities for work, including by investing in federal programs that are effective at movi...More..

HEROcoin (PLAY) plunges -3.89% on April 11-12
by | Friday, April 13, 2018

HEROcoin (PLAY) plunges -3.89% on April 11-12

Ripple (XRP) traded up 1.1% against the dollar and now trades at $0.49 or 0.00007185 BTC. VeChain (VEN) traded 23.3% higher against the dollar and now trades at $3.45 or 0.00042745 BTC. Useless Ethereum Token...More..

Trump convenes task force to study finances of the USA post office
by | Friday, April 13, 2018

Trump convenes task force to study finances of the USA post office

The task force will be chaired by Treasury Secretary Steven Mnuchin or his designee, and it will consult with the Postmaster General and the Chairman of the Postal Regulatory Commission, among others, the execu...More..

Gender pay gap continues as organizations teach women negotiating skills
by | Friday, April 13, 2018

Gender pay gap continues as organizations teach women negotiating skills

The Royal Bank of Canada, Scotiabank and Toronto-Dominion said the mean hourly rate for their United Kingdom -based female workers was between 35 and 44 per cent lower than the men's rate. Why are women earni...More..

Bank of America Corporation Reaffirms Purchase Rating for Amazon.com, Inc
by | Friday, April 13, 2018

Bank of America Corporation Reaffirms Purchase Rating for Amazon.com, Inc

In other Amazon .com news, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction on Wednesday, February 28th. Amazon.com, Inc. (NASDAQ: AMZN ) has risen 76.78% since April 12, 2017 and is u...More..

Tesla squabbles with federal regulators over autopilot crash
by | Friday, April 13, 2018

Tesla squabbles with federal regulators over autopilot crash

On Wednesday , the company said that "the only way for this accident to have occurred is if Mr. Huang wasn't paying attention to the road, despite the auto providing multiple warnings to do so". The Tesla ...More..

Gerstein Fisher Has $1661000 Holding in Netflix, Inc. (NFLX)
by | Friday, April 13, 2018

Gerstein Fisher Has $1661000 Holding in Netflix, Inc. (NFLX)

Several institutional investors and hedge funds have recently modified their holdings of NFLX . Last year, Netflix brought two films that showed in competition, Bong Joon-Ho's " Okja " and Noah Baumbach's ...More..

VW Appoints Herbert Diess CEO in Sweeping Overhaul
by | Friday, April 13, 2018

VW Appoints Herbert Diess CEO in Sweeping Overhaul

For Volkswagen its the biggest overhaul since it became a multi-brand conglomerate under former chief executive Ferdinand Piech, a grandson of VW Beetle designer Ferdinand Porsche. Rupert Stadler, CEO of luxury...More..

Bed Bath & Beyond Inc. (BBBY) stock ends Yesterday with change of 1.27%
by | Friday, April 13, 2018

Bed Bath & Beyond Inc. (BBBY) stock ends Yesterday with change of 1.27%

Bed Bath & Beyond ( NASDAQ : BBBY)'s price to sales ratio for trailing twelve month stands at 0.26, whereas its price to book ratio for the most recent quarters is at 1.08. The FCF Growth of Bed Bath & Beyo...More..

Uganda confirms two athletes missing at Commonwealth Games in Australia
by | Friday, April 13, 2018

Uganda confirms two athletes missing at Commonwealth Games in Australia

A dramatic final end saw Australia overturn a one point deficit and seal gold over New Zealand in the open B6/B7/B8 Para-bowls triples at the Commonwealth Games here today. "They came right back, all the at...More..

Trudeau to meet Sunday with BC, Alberta premiers over Trans Mountain impasse
by | Friday, April 13, 2018

Trudeau to meet Sunday with BC, Alberta premiers over Trans Mountain impasse

The development announced Thursday morning was welcomed with relief by B.C. and Canadian business leaders who were gathered in downtown Vancouver to loudly voice their support for the project. "We know that the...More..

Wall Street hits session highs as trade war worries fade
by | Thursday, April 12, 2018

Wall Street hits session highs as trade war worries fade

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. The Dow Jones Industrial Average fell 218.62 points, or 0.9 percent, to 24,189.38, the S&P 500 lost 14.68 point...More..

BlackRock (BLK) Posts Quarterly Earnings Results
by | Thursday, April 12, 2018

BlackRock (BLK) Posts Quarterly Earnings Results

BlackRock's results showed the company's evolution from a traditional fund manager, whose profits typically decline when markets stumble, into a steadier financial technology operation. (NYSE: BLK ). Two S...More..

Closest Toys R Us branch to Leamington set to close this month
by | Thursday, April 12, 2018

Closest Toys R Us branch to Leamington set to close this month

The spokeswoman said there were now no plans to close stores or cut workers because of the potential move. A closing down sale began last month and has seen prices dropped by up to 70%. A rescue package con...More..

Facebook's Zuckerberg heads into his second day of grilling by Congress
by | Thursday, April 12, 2018

Facebook's Zuckerberg heads into his second day of grilling by Congress

Regardless of whether or not Cambridge Analytica did actually access our private messages , the fact that Facebook is only now letting users know that their intimate conversations may have been read by a d...More..

Bitcoin Planet (BTPL) raised 8.92% in less than 24 hours
by | Thursday, April 12, 2018

Bitcoin Planet (BTPL) raised 8.92% in less than 24 hours

Regarding the sudden price movement on Thursday, he added: "We have seen consolidation for the price for the last two days and when such patterns break, it usually explodes". UnbreakableCoin (UNB) traded up 0.5...More..

Govt May Defer Oil Price Hike For Now
by | Thursday, April 12, 2018

Govt May Defer Oil Price Hike For Now

Indian oil companies have since last June adjusted fuel prices in line with global prices. BPCL shares fell by 7.92 per cent to '415.40, which again is quite near to its 52-week low. Since the past few days, ...More..

Crude Oil Surges, EIA Says Gas Prices Will Too
by | Thursday, April 12, 2018

Crude Oil Surges, EIA Says Gas Prices Will Too

Despite lower margins, EIA projects that continued growth in gasoline exports and higher domestic consumption will lead to higher gasoline yields this summer, with gasoline production averaging about 170,000 ...More..

Industrial production grows 7.1 per cent in Feb on manufacturing boost
by | Thursday, April 12, 2018

Industrial production grows 7.1 per cent in Feb on manufacturing boost

Maintaining high growth for the fourth month in a row, industrial production grew at 7.1 percent in February, from a year-ago, mainly driven by a robust performance of the manufacturing sector coupled with a ...More..

Serbia's inflation slows to 1.4% in March
by | Thursday, April 12, 2018

Serbia's inflation slows to 1.4% in March

As per the latest data, this is the third consecutive month where inflation softened after hitting a 17-month high in December. Core inflation , which excludes price changes in food and energy sector, incre...More..