Markets

Markets Checking the Numbers on Shares of Cone Midstream Partners LP (CNNX)
Author: 0 Checking the Numbers on Shares of Cone Midstream Partners LP (CNNX)

Magellan Midstream Partners L.P. had 49 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Credit Suisse given on Thursday, March 17. PNC Financial Services Group Inc. now owns 120,886 shares of the pipeline company's stock worth $3,663,000 after purchasing an additional 8,892 shares during the period.

Markets Oil's bull market rally stalls as traders await inventory data
Author: 0 Oil's bull market rally stalls as traders await inventory data

November WTI crude oil settled at $50.42, down $0.16 or -0.32% and December Brent crude oil finished the session at $56.00, down $0.12 or -0.21%. Analysts polled by S&P Global Platts expect the EIA to report a decline of 1.5 million in crude stocks for the week ended September 29.

Markets Market moves with caution, RBI rate call takes centre-stage
Author: 0 Market moves with caution, RBI rate call takes centre-stage

The wider 51-scrip Nifty50 of the National Stock Exchange (NSE) rose by 70.90 points, or 0.72 per cent, to close at 9,859.50 points. NSE benchmark Nifty extended gains for the third consecutive session today following sustained buying in energy, metal, FMCG , auto and IT counters.

Markets Nearly 250 jobs to go as Britvic closes its Robinsons factory
Author: 0 Nearly 250 jobs to go as Britvic closes its Robinsons factory

The company said in a statement: "Following Britvic's announcement that it is proposing to close its manufacturing site in Norwich, Unilever will be launching a review of its production which is co-located at the site". The unions Unite and GMB have also given their support to the petition. "Unite will not only be seeking assurances, but applying pressure with the support of the local community, that the production and the much-needed jobs that are vital for the Norwich economy remain".

Markets RBI ups inflation projection to 4.2-4.6% during second half
Author: 0 RBI ups inflation projection to 4.2-4.6% during second half

The reduction in August came after four consecutive policy reviews in which the RBI had maintained status quo on its repo, or short-term lending rate, since the reduction by 0.25 percent to 6.25 percent in October 2016. "I definitely feel that pressure from the government is going to mount on RBI to cut rates now, considering many things have not gone well for the government".

Markets Stonecrest offers to name city after Amazon
Author: 0 Stonecrest offers to name city after Amazon

A city outside Atlanta is taking steps to create a brand new city and name it after Amazon in the hopes of luring the company's planned new corporate hub to Georgia . "How could you not want your 21st-century headquarters to be located in a city named Amazon? ". The city of #Stonecrest in DeKalb County, #Georgia is fairly new, voted into being by referendum in November 2016.

Markets Toyota plant closure latest step in our 'Carmageddon'
Author: 0 Toyota plant closure latest step in our 'Carmageddon'

Thousands of job losses are sweeping the western suburbs as Toyota Australia stopped making cars at its Altona plant on Tuesday, signalling the end of auto manufacturing in Victoria. "The (federal) government's decision to push vehicle manufacturing offshore by closing local plants has been devastating for Victorian jobs", Noonan said.

Markets New Rs 100 notes are coming this April 2018?
Author: 0 New Rs 100 notes are coming this April 2018?

Yes, the present Rs 100 notes will remain in the force and will continue to be legal tender money. The RBI in August launched a new Rs 200 note, created to help bettering transactions. Prior to the demonetisation previous year, India had currency denomination of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 1000. The report also states that new Rs 100 note will be of same size and dimension to make it compatible to the automatic-teller machines (ATMs).

Markets Tesco sees huge surge in profits: £471 million in six months
Author: 0 Tesco sees huge surge in profits: £471 million in six months

Tesco's overall operating margin also up to 2.7 per cent from 2. 2 per cent in the same period last year, and the company said it was on track to hit a 3.5 to four per cent ambition in its 2019/20 fiscal year. Tesco remains the largest of Britain's supermarket groups by a clear margin, having a market share of nearly 28 percent according to the latest industry figures.

Markets Centre slashes excise duty on petrol, diesel by Rs 2 per litre
Author: 0 Centre slashes excise duty on petrol, diesel by Rs 2 per litre

Petrol prices in Delhi , Kolkata and Mumbai fell almost Rs. 2.5 per litre while in Chennai the reduction was Rs. 2.6. A secondary and longer term effect will be on inflation and which also impact the consumer in terms of food prices however, the recent record harvest and decline in food inflation should serve as a buffer for possible interest rate increases.

Markets Las Vegas shooting renews focus on gun control in Nevada
Author: 0 Las Vegas shooting renews focus on gun control in Nevada

Speaking earlier today, Trump called the massacre in Las Vegas an "act of pure evil". However, in light of the Las Vegas shooting , others feel more can be done. "How quickly the police department was able to get in was really very much of a miracle", Trump said. The Las Vegas shooting has rejuvenated the long-held debate over gun control laws.

Markets 'Team Edison' outlines futuristic plans, new tech for Ford
Author: 0 'Team Edison' outlines futuristic plans, new tech for Ford

The plan will have to fire on all cylinders to catch up with the likes of BMW and GM. The decision comes after a 100-day review of the company ordered by new President and CEO Jim Hackett . In a sign that Ford is turning away from what is essentially a global push of its Ford and Lincoln brands, the Dearborn, Michigan automaker wants to drive its truck-making China partner Jiangling Motors Corp.

Markets Zogenix, Inc. (ZGNX) Insider PERCEPTIVE ADVISORS LLC bought 175653 Shares Of Stock
Author: 0 Zogenix, Inc. (ZGNX) Insider PERCEPTIVE ADVISORS LLC bought 175653 Shares Of Stock

Institutional owners hold 90.10% stake while Insiders ownership held at 9.27% in the company. Stocks with beta's lower than 1 are less risky and those with a higher beta are more risky than the market. Brean Capital maintained the shares of ZGNX in report on Thursday, September 17 with "Buy" rating. Kennedy Capital Management Inc. now owns 1,052,990 shares of the company's stock worth $11,425,000 after purchasing an additional 326,196 shares in the last quarter.

Markets European Union to hit Amazon with huge bill for back taxes
Author: 0 European Union to hit Amazon with huge bill for back taxes

Online retail giant Amazon will reportedly be slapped with a tax bill worth several hundred million euros following a lengthy European Union investigation into a sweetheart tax deal with Luxembourg. Amazon, a U.S. online retailer whose European operations are headquartered in Luxembourg, was under investigation by the European Commission after allegations it benefitted from a decade-long sweetheart tax deal that amounted to illegal state support.

Markets Millions raised overnight for victims of Las Vegas massacre
Author: 0 Millions raised overnight for victims of Las Vegas massacre

Monday, Sisolak said the GoFundMe page had garnered over $1 million in pledges, and as of Tuesday morning, it surpassed $3 million. Several celebrities also donated to the cause, including boxer Mike Tyson and musical acts Florida Georgia Line, Kid Rock and The Chainsmokers, according to the GoFundMe list of donors.

Markets Whole Foods is already stealing customers from Walmart
Author: 0 Whole Foods is already stealing customers from Walmart

Orbital Insight, which monitors business at about 65 percent of Whole Foods locations, reported a 5 percent year-over-year increase in vehicle traffic to Whole Foods stores in the month since the acquisition closed. Walmart , Kroger (16 percent), Costco (15 percent) and Target (11 percent) provided the largest numbers of new customers, while Trader Joe's , Sprouts and Target (3 percent) saw the highest percentage of their own regular customers switching to Whole Foods.

Markets Backed Late-Term Abortion Ban Passes House
Author: 0 Backed Late-Term Abortion Ban Passes House

Today (Oct. 3), the House will discuss a bill , introduced by Arizona Republican and member of the Freedom Caucus, Trent Franks, and co-sponsored by 170 representatives, which aims to introduce a blanket ban on abortion at the 20th week from conception.

Markets Ford creates 'Team Edison' to develop electric cars
Author: 0 Ford creates 'Team Edison' to develop electric cars

Ford shares were little changed after hours as Hackett and other executives presented their outlook. Shares of Ford gained 0.6% after ending the regular trading session up 2.1%. Ford hinted in recent days that it plans to offer more electric models in the coming years, and Hackett's plan calls for reducing internal combustion engine capital expenditures by one-third, and redeploying that capital into electric powertrains.

Markets Australia Holds Rate At Record Low
Author: 0 Australia Holds Rate At Record Low

It bounced back over 78 USA cents in offshore trading overnight. The Reserve Bank's decision was widely expected and over the near term, rates are expected to remain level. cents since mid-July. "A weaker Australian dollar, perhaps due to lower commodity prices, could potentially change that but so far the dollar remains stubbornly high".

Markets Yahoo confirms 3 billion accounts affected by data breach in 2013
Author: 0 Yahoo confirms 3 billion accounts affected by data breach in 2013

In December 2016, Yahoo disclosed that more than one billion of the approximately three billion accounts had likely been affected. A massive data breach at Yahoo in 2013 was far more extensive than previously disclosed, affecting all of its 3 billion user accounts, new parent company Verizon Communications Inc.