Economy

Strengthen RBI's power over PSU banks

Strengthen RBI's power over PSU banks For Bank of India, restrictions were imposed on issuing of fresh loans and dividend distribution in view of high net NPA, insufficient CET1 Capital and negative ROA (return on asset) for two consequent years. These vulnerable banks "would require additional capital" under the baseline scenario, which were assessed between 0.75% of GDP in the baseline to 1.5% of GDP in the severe adverse scenario... [Full Article...]

The Morgan Stanley Reaffirms "Equal Weight" Rating for Nike, Inc. (NKE)

The Morgan Stanley Reaffirms Finally, Citigroup Inc. restated a buy rating and set a $60.00 price objective on shares of Nike in a research note on Wednesday, March 22nd. NKE has been the subject of several other research reports. Following the completion of the sale, the chairman now directly owns 1,637,736 shares of the company's stock, valued at approximately $90,124,612.08. [Full Article...]

Stifel Financial Corp Lowers Holdings in Marathon Petroleum Corp (NYSE:MPC)

Stifel Financial Corp Lowers Holdings in Marathon Petroleum Corp (NYSE:MPC) Vaughan David Investments Inc acquired 602,879 shares as Marathon Petroleum Corp (MPC)'s stock rose 5.52%. The institutional investor owned 167,071 shares of the oil and gas company's stock after selling 30,548 shares during the quarter. Plante Moran Advsrs Limited Liability Corp holds 0.03% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 966 shares. Ig invested in 0.06% or... [Full Article...]

NYSE Arca seeks regulatory approval for bitcoin-related exchange-traded funds

NYSE Arca seeks regulatory approval for bitcoin-related exchange-traded funds According to the First Trust filing, the fund "intends to invest primarily in Bitcoin Futures Contracts, [though] it may also invest in other Listed Bitcoin Derivatives, OTC Bitcoin Derivatives, U.S. That said, with the futures tied to the price of bitcoin, the SEC must consider if the futures contracts meet the test of preventing fraudulent and manipulative acts and practices to protect invest... [Full Article...]

Elon Musk is launching a Tesla Roadster to Mars orbit

Elon Musk is launching a Tesla Roadster to Mars orbit But if there was any lingering doubt, he made it clear Friday that SpaceX does indeed intend to launch a Tesla Roadster on the maiden flight of its Falcon Heavy rocket . Photos shared on Instagram show the Tesla Roadster being prepped for the Falcon Heavy rocket. "Red vehicle for a red planet", Musk replied to a Twitter user in early December. [Full Article...]

Buys and sells halted on Coinbase as cryptocurrency market plunges

Buys and sells halted on Coinbase as cryptocurrency market plunges Buys and sells on Coinbase , the largest cryptocurrency exchange in the USA, were disabled for a little over two hours Friday amid a massive cryptocurrency sell-off. It was only a month ago that it was disclosed that Coinbase had more users than stock brokerage Charles Schwab, and for those reasons and many more , it is surprising to realize that this isn't the first issue the exchange h... [Full Article...]

Salvation Army volunteer rings in holiday season

Salvation Army volunteer rings in holiday season The Great Plains Health Foundation presented a $2,700 donation to the local Salvation Army chapter Thursday morning. "The Salvation Army relies on the partnership of donors - we can only do what we do with their support". To reach their goal, they would need $25,000 total, or $12,500 a day for the next two days. "Sometimes, a volunteer doesn't show up for whatever reason, so they give me a cal... [Full Article...]

Amazon buys smart home camera maker Blink

Amazon buys smart home camera maker Blink Apart from being affordable, Blink's products are also easy to set up - they all operate on batteries that the company says will keep its cameras and doorbell ticking for two years. Blink also confirmed its acquisition, saying that it will remain a separate entity under Amazon, though we are not sure if that will change at some point. [Full Article...]

Christmas weekend store hours throughout Tampa Bay: Target, Kohl's, Walmart and more

Christmas weekend store hours throughout Tampa Bay: Target, Kohl's, Walmart and more Offices in Bishop Auckland, Barnard Castle and Aykley Heads, in Durham, will be open between Christmas and New Year but will operate on an appointments basis only. -9 p.m. until Christmas Eve when hours will be 8 a.m. -5 p.m. Kroger stores will operate on normal schedules before closing at 6 p.m. Christmas Eve . [Full Article...]

Should You Hold Discovery Communications, Inc. (NASDAQ:DISCA)

The company has its outstanding shares of N/A. 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. First Citizens Bancshares Co reported 70,354 shares. The firm's quarterly revenue was up 6.1% on a year-over-year basis. equities research analysts forecast that Discovery Communications, Inc . will post 1.94 EPS for the current year. [Full Article...]

Northeast Ohio braces for record-breaking travel forecast

Northeast Ohio braces for record-breaking travel forecast Broken down they project 6.4 million people will travel by air and 97.4 million will travel on the country's roads. If traffic weren't regularly bad enough in MA, the combination of holiday shopping and holiday travel - and wintry weather - are set to make the next few days a mess on roadways. [Full Article...]

Buckingham Raises United Continental (NYSE:UAL) Stock To a "Buy" Rating

About 4.55 million shares traded. Leidos Holdings, Inc. (LDOS) has risen 45.87% since December 20, 2016 and is uptrending. It has underperformed by 8.11% the S&P500. Credit Cap Ltd Liability Corp holds 2.01% in United Continental Holdings, Inc. Riverhead Mngmt Ltd Liability Corporation reported 187,862 shares. It also upped Firstcash Inc stake by 9,810 shares and now owns 311,362 shares. [Full Article...]

Papa John's founder out as CEO weeks after NFL comments

Papa John's founder out as CEO weeks after NFL comments As the third biggest pizza chain in the nation, Schnatter recently shared his feelings about the National Football League following a report of declining sales. The pizza chain later apologized . McDonald's Corp., for example, expects to increase delivery from 5,000 of its almost 14,000 USA locations by the end of the year. [Full Article...]

Canada's Inflation Rises On Higher Gasoline Prices

Canada's Inflation Rises On Higher Gasoline Prices The more closely watched Statistics Canada report, which is based on a survey of about 56,000 households, earlier this month showed 79,500 jobs were created in November. "Inflation seems suddenly no longer so low in Canada". Vehicle sales have been robust this year, putting 2017 on track to hit 2 million for the first time. [Full Article...]

Boeing and Embraer in merger talks

Boeing and Embraer in merger talks Boeing has approached Embraer about a deal twice before, more than a decade ago, but was rebuffed due to the government's veto, according to a person with knowledge of the matter. Embraer and Chicago-based Boeing said Thursday there is no guarantee that a transaction will result from the talks, and they decline to make any further comments. [Full Article...]

Active Stretch Of Weather Friday Thru Christmas Day

Active Stretch Of Weather Friday Thru Christmas Day These rains do not get to push north until they are farther east and make a run at Ohio. On Christmas day a storm will slide offshore and may graze our area with a rain-snow mixture. "An upper-level trough will move overhead Sunday and much colder air will come down from Canada", the weather service said. In fact, much of the world has almost no chance of snow, but, from Moscow, Russia to Otta... [Full Article...]

Principal Financial Group Inc. Sells 137893 Shares of NXP Semiconductors NV (NXPI)

The stock increased 0.14% or $0.16 during the last trading session, reaching $116.61. About 1.35M shares traded. Headlines about NXP Semiconductors (NASDAQ: NXPI ) have been trending somewhat positive recently, Accern Sentiment Analysis reports. [Full Article...]

GOP tax bill: AT&T, Boeing among corporations rewarding employees

GOP tax bill: AT&T, Boeing among corporations rewarding employees The one-time, $1,000 bonus is expected to be distributed by the end of the year, assuming President Donald Trump signs the bill before Christmas, the company said in the release. The Chicago-based Boeing Company said it's "still studying all of the provisions of the new legislation", but has committed $300 million for charitable giving, employee development programs and "workplace of the futu... [Full Article...]

Georgia governor praises vote on nuclear plant

Georgia governor praises vote on nuclear plant But Georgia Power said the PSC decision was important to the energy future of Georgia and the U.S. The Public Service Commission is expected to decide whether to allow construction to continue on two new nuclear reactors at Plant Vogtle , despite massive cost-overruns for the project. [Full Article...]

Ryanair says serious on union recognition, but threat…

Ryanair says serious on union recognition, but threat… By 1435 BST, Ryanair shares were trading 0.07% lower at €15.14. If the call is heeded, it will mark the first industrial action by Ryanair pilots in the company's 32-year history. IMPACT has accepted an invitation from Ryanair management to meet on 3 January "to agree a comprehensive recognition agreement that will establish collective bargaining procedures in the airline". [Full Article...]


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