Markets

Markets Rio investors enjoy $3bn payout as China demand boosts profits
Author: 0 Rio investors enjoy $3bn payout as China demand boosts profits

Nepsis Capital Management Inc. now owns 142,495 shares of the mining company's stock valued at $5,797,000 after buying an additional 136,505 shares during the last quarter. Revenues rose 24 per cent to $19.3bn, while net debt fell $2bn to $7.6bn, leaving Rio with gearing of 13 per cent. Further payouts could come "down the track" after Rio closes its $2.45 billion sale of Coal & Allied to Yancoal, expected to happen in the third quarter of 2017.

Markets Under Armour, Inc. Class C (NYSE:UA) Trading Volume Significantly Higher
Author: 0 Under Armour, Inc. Class C (NYSE:UA) Trading Volume Significantly Higher

Under Armour is cutting nearly 2 percent of its work force and it lowered its full-year revenue outlook , overshadowing a strong second-quarter and amplifying the pitfalls now facing companies across the retail sports sector. Apparel sales jumped 11.1% to $680.7 million, while Footwear net revenue decreased 2.4% to $236.9 million during the quarter. The stock is now showing unhealthy return of -1.23% throughout last week and witnessed bearish return of -6.05% in one month period.

Author: 0 EI du Pont de Nemours and Company

Capital World Investors who had been investing in E.I. Du Pont De Nemours And Co for a number of months, seems to be less bullish one the $71.43 billion market cap company. Ledyard Fincl Bank holds 0.08% or 5,763 shares in its portfolio. Ibm Retirement Fund increased Du Pont E I De Nemours & Co (DD) stake by 10.64% reported in 2016Q4 SEC filing.

Markets Ashley O'Connor drowned in sand on Ocean, City, Maryland beach
Author: 0 Ashley O'Connor drowned in sand on Ocean, City, Maryland beach

The Salisbury Daily Times reports that the Ocean City Police Department said that she was apparently suffocated in a hole as the sand closed in on her. Investigators stood waist-deep in the hole, digging for clues for several hours after discovering the body. What is not yet known is whether O'Conner fell into the hole or climbed in herself, according to medical examiner.

Markets Annual Oklahoma Sales Tax Free Weekend starts Friday
Author: 0 Annual Oklahoma Sales Tax Free Weekend starts Friday

For those three days, you can buy qualifying school supplies, clothing, footwear, hurricane and emergency preparedness items, tax free in Virginia. Many churches and other organizations will accept the items for redistribution. Parents looking to save some money on school supplies might want to plan their outing this weekend. Critics of the law worry the state could miss out on sales tax revenue over the busy weekend, but supporters say an influx of shoppers will spend more in the community ...

Markets Analysts Set Hess Midstream Partners LP (NASDAQ:HESM) PT at $29.60
Author: 0 Analysts Set Hess Midstream Partners LP (NASDAQ:HESM) PT at $29.60

It is down 0.00% since August 2, 2016 and is. It has underperformed by 14.11% the S&P500. EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin. had its " rating reiterated by analysts at FBR Capital Markets. 01/03/2017 - Deutsche Bank began new coverage on Magellan Midstream Partners L.P. giving the company a "buy" rating .

Markets Minneapolis school building collapses following explosion
Author: 0 Minneapolis school building collapses following explosion

The explosion occurred on the campus of the Minnehaha Academy, a Christian private school located near the city center. Two people are unaccounted for, five were transported to the hospital with injuries - one is in critical condition - and one was evaluated at the scene and released, according to Minneapolis Police.

Markets Ishares MSCI India ETF (INDA) Position Boosted by Spinnaker Trust
Author: 0 Ishares MSCI India ETF (INDA) Position Boosted by Spinnaker Trust

The Relative Strength Index (RSI) oscillates between 0 and 100. The RSI, or Relative Strength Index is another popular oscillating indicator among traders and investors. Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. In terms of Moving Averages, the 7-day is resting at 1957.50.

Markets Pioneer Natural Resources Company
Author: 0 Pioneer Natural Resources Company

The company's monthly performance stands at 5.83%. It was reported on Aug, 2 by Barchart.com. Also, the current price highlights a discount of 47.46% to analysts' high consensus price target. Shares for $231,852 were sold by DOVE TIMOTHY L on Saturday, February 18. The insider BERG MARK STEPHEN sold $291,330. 2606296 shares were traded on Canadian Natural Resources Limited's last session.

Author: 0 Institutional Investor Sentiment About Anadarko Petroleum Corp (NYSE:APC) Increased

The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. Inovio Pharmaceuticals, Inc.is a clinical-stage pharmaceutical company, which is involved in developing deoxyribonucleic acid (DNA) immunotherapies and vaccines focused on treating and preventing cancers and infectious diseases.

Markets Trump says Hon Hai could triple United States investments
Author: 0 Trump says Hon Hai could triple United States investments

That's three times the US$10 billion estimate given when the two announced the display panel plant last week. "He told me off the record he thinks he may go US$30 billion. Ryan said Wednesday at an employee town hall in Mukwonago, Wisconsin, that the plant could serve as an employer hub for jobs lost when automobile plants in his hometown of Janesville and in Kenosha closed over the past decade.

Author: 0 USA launches unarmed ICBM amid tensions with N. Korea

Air Force spokesman Capt. Mark Graff said in a statement the launch "affords the Air Force the ability to assess the reliability of our ICBM force in order to maintain a credible nuclear deterrent capability". and 6:01 a.m. from the Vandenberg Air Force Base, north of Lompoc, California. The test also prompted Seoul to restart consultations with Washington over the deployment of the US THAAD antiballistic missile system in South Korea.

Markets Wisconsin Company Holds Party to Implant Workers With Microchips
Author: 0 Wisconsin Company Holds Party to Implant Workers With Microchips

Dozens of employees at a Wisconsin technology business were implanted with microchips Tuesday at the company's headquarters. That even included the act of chipping itself! Melissa Timmins, Vice President of sales at the company, said she initially feared to embed the chip in your arm, but then chose to try it.

Markets Apple Q3 Revenue Rises 7%, Stock Price Soars
Author: 0 Apple Q3 Revenue Rises 7%, Stock Price Soars

He said those models are the main reason Apple sold 41 million iPhones in the past quarter, a 2 percent uptick from previous year. Those sales topped analyst estimates of 40 million. There was no immediate word in the earnings press release about the next iPhone . That usually results in iPhone demand tapering in the months before a release.

Markets RBI cuts interest rate by 25 bps to 6%
Author: 0 RBI cuts interest rate by 25 bps to 6%

HDFC chairman Deepak Parekh told CNBC-TV18 that the rate cut was not a surprise, considering that food prices had slid sharply in recent weeks. "Excluding the HRA impact which will affect the CPI cumulatively, inflation would be a little over 4 per cent by fourth quarter as against 4.5 per cent inclusive of the HRA in the June statement (of RBI policy)", Patel said.

Markets RBI's 'no surprise' repo rate cut unimpressive for markets
Author: 0 RBI's 'no surprise' repo rate cut unimpressive for markets

The rupee failed to sustain the early strong enthusiasm and ended 4 paise lower at 64.19, the second straight session loss against the U.S. currency on bouts of month-end dollar demand from importers and corporates. "There's been a 175 bps (basis points) cut since January 2015 up till the last monetary policy (meeting)". "While I believe RBI could have been more aggressive, the 25 basis point cut will boost consumer sentiment specially for discretionary items like automobiles and white goods", ...

Markets Qatar Airways Won't Take a Stake in American Airlines
Author: 0 Qatar Airways Won't Take a Stake in American Airlines

The state-owned flag carrier of Qatar has previously suggested it was looking to acquire a 10% stake in the airline. American did not immediately return a request for comment Wednesday. "Qatar Airways will continue to seek opportunities to invest in global aviation". American Airlines last week reported a 15.5% drop in second-quarter profit on higher fuel and labor costs.

Markets RBI expected to cut interest rates by 0.25 per cent today
Author: 0 RBI expected to cut interest rates by 0.25 per cent today

The monetary policy committee (MPC) chaired by Governor Urjit Patel had reduced the benchmark repo rate back in October 2016 by 25 basis points. Is there still a case for a decline in interest rates? RBI to have 50 note verifying machines. The inflation was just 1.54 per cent in June. Encouraged by significant price improvement, bankers expect the central bank, which has kept rates on hold at 6.25 percent for the fourth straight time citing risk to inflation, to change its monetary ...

Markets Maruti Suzuki India reports sales of 165346 units in July 2017
Author: 0 Maruti Suzuki India reports sales of 165346 units in July 2017

Total sales this fiscal (Apr - Jul 2017) now stand at 559,917 units as against 485,559 for the same period past year (marking over 15% growth). Ford India said it sold 8,418 vehicles in July 2017 as against 7,076 units in the year-earlier month "despite the administrative challenges associated with the introduction of GST in July..." This is its highest-ever monthly sales.