Friday, 17 November 2017
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France's Macron to reshuffle govt after huge parliament win

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After the 2012 general election, the party received two seats. The vote comes just a month after 39-year-old Macron , a former banker, became the youngest head of state in modern French history, promising to clean up French politics and revive the Eurozone's second-biggest economy. Read More »

Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut

US crude production has been steadily growing and last week rose to 9.33 million bpd, up 12,000 from the previous week, the EIA said. OPEC noted the continued high compliance by its members with the supply deal, adding that inventories in industrialised countries dropped in April, even though they were still 251 million barrels above the five-year average. Read More »

USDA halts Brazilian beef imports

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This rejection rate is significantly higher than the 1 percent of meat shipments that are rejected from other parts of the globe, says USDA . The United States began allowing shipments of fresh beef from Brazil past year after banning them due to concerns about foot and mouth disease in cattle. Read More »

Copa Holdings, Boeing Announce Deal For 15 737 MAX 10s

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The 737 MAX continues to be the fastest-selling airplane in Boeing history, accumulating more than 3 700 orders to date. While new civilian aircraft orders will probably fall short of the $130bn the Paris show clocked up last time - mostly thanks to airlines ordering the latest fuel-efficient Boeing and Airbus aircraft - the industry is still optimistic about sustained growth. Read More »

Trump says travel ban ruling comes at 'dangerous time'

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The ruling from a unanimous three-judge panel of the 9th U.S. Circuit Court of Appeals said the president violated U.S. immigration law by discriminating against people based on their nationality and by failing to demonstrate that their entry into the country would hurt American interests. Read More »

Russian Federation claims killing IS founder Baghdadi

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The statement was issued in the wake of the ISIS losing considerable ground in their strongholds of Iraq and Syria. On Wednesday, ISIS blew up the 842-year-old mosque from where Baghdadi announced the creation of the ISIS caliphate. However, the USA hasn't corroborated his death and the IS has not released any statement on Baghdadi. Commenting on the news, Russian Foreign Minister Sergei Lavrov said he could not give a firm proof that the Daesh leader was killed. Read More »

UAE: Arab states don't seek 'regime change' in Qatar

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Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani, quoted by Al-Jazeera, said: "The US Secretary of State recently called upon the blockading nations to produce a list of grievances that was "reasonable and actionable". Al-Jazeera, one of the largest news organizations in the world, responded to the demands by saying it "deplores" calls for it to be taken off air. Kuwait is helping mediate the dispute as is the United States, for which it has posed a challenging test since ... Read More »

Why EnLink Midstream Is Reaching New YTD Lows

Armstrong Henry H Associates Inc increased its stake in Mccormick & Co (MKC) by 208.09% based on its latest 2016Q4 regulatory filing with the SEC. The average volume stands around 0.52 million shares. FBR Capital maintained the stock with "Outperform" rating in Friday, October 28 report. 205,876 are held by Morgan Stanley. A rating of 3 would represent a Hold recommendation. Read More »

Sears Canada cutting 2900 jobs, closing 59 stores, secures creditor protection

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Former chairman and CEO Mark Cohen says the company has been hollowed out because management sold off some of its most productive stores and put the money in shareholders' pockets. Sears Canada said a week ago that it was in danger of running out of the cash it needed to fund operations. Sears Canada also announced the closing of 20 full-line locations as well as 15 Sears Home, 10 Sears Outlet and 14 Sears Hometown stores . Read More »

China's JD.com Bags $400 Million Stake in Luxury Retailer Farfetch

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Farfetch already has a three-year running presence in China, connecting Chinese consumers with its network of more than 200 luxury brands and 500 multi-brand retailers. "We have always believed that the long-term trend of Chinese e-commerce is towards quality over price and this partnership with Farfetch further extends our lead in the battle for the future of China's upwardly mobile consumers". Read More »

House GOP backs bill to undo much of Dodd-Frank

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Democrats believe it puts consumers and the economy at risk, calling it the "Wrong Choice Act ". Paul Ryan , speaker in the House, said: "This is a jobs bill for Main Street". Democrats have strongly defended Dodd-Frank. It turned into an worldwide crisis with the collapse of the investment bank Lehman Brothers in September 2008. Read More »

NY mayor unveils plan to close notorious jail complex

The mayor would appoint two members to the central board, and the borough presidents would have one pick each. "To leave without an agreement where in a matter of days you could revert back to the board of education system is just the height of irresponsibility". Read More »

Rep. Steve Scalise's Condition Upgraded To 'Fair' After Baseball Field Shooting

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She was hospitalized at the time in good condition . Slater said that the shooting appeared to be "spontaneous", and that investigators had not yet determined Hodgkinson's motive. But Hodgkinson did bring with him an SKS rifle and a handgun. Investigators also reviewed Hodgkinson's online searches and browsing history, revealing queries for the "2017 Republican Convention" and directions from Alexandria to his IL home on the night before the shooting. Read More »

Harley may buy Italian bike-maker Ducati

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Caterpillar Inc. had 57 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Friday, March 11 by Sterne Agee CRT. (NYSE:CAT). Barclays Pcl has invested 0.08% of its portfolio in Caterpillar Inc. Mckesson Corp (NYSE:MCK) was raised too. The intraday high for the company' stock is recorded at $24.00. Read More »

Tata Group may be likeliest buyer of stake in ailing Air India

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On the other hand, Air India is an established brand and has the third-largest slot share in the domestic market and second-largest share in global market (ex-India) with prime slots in domestic and worldwide airports. The latest buzz is that Tatas could buy 51 percent while the rest of the stake would be picked up by Singapore Airlines , a company with which the Tata Group runs a full-service carrier Vistara. Read More »

Dani Alves opens up about possible Man City move this summer

Alves worked with Guardiola during the City boss' highly successful four seasons in charge of Barcelona , winning the Champions League twice in that span. Juventus defender Dani Alves has hinted that he would be open to a reunion with Pep Guardiola at Manchester City . Guardiola was keen to add another right-back to his squad following the exits of out-of-contract duo Bacary Sagna and Pablo Zabaleta. Read More »

Sophos Group (LON:SOPH) Analyst Target Changes

Its up 7.7% from 4.05 million shares previously. About 755,882 shares traded. It has outperformed by 13.83% the S&P500. 01/05/2015 - RSA Insurance Group plc had its "sell" rating reiterated by analysts at Panmure Gordon. Booker Group Plc (LON:BOK) has 0.00% since June 13, 2016 and is. It has underperformed by 16.70% the S&P500. 900 shares were bought by ADELGREN PAUL W , worth $9,945. Read More »

Carnival up after earnings, revenue beats; guides Q3 EPS above consensus

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The stock's current RSI reading is at 70.57. The company has an average rating of "Buy" and an average price target of $58.71. 03/29/2017 - Carnival Corporation had its "hold" rating reiterated by analysts at Deutsche Bank. Its up 0.22, from 0.9 in 2016Q3. Hs Management Partners Llc sold 61,934 shares as Carnival Corp ( CCL)'s stock rose 11.01%. It improved, as 45 investors sold CCL shares while 198 reduced holdings. Read More »

Could Dovish Draghi Extend Euro US Dollar Exchange Rate Losses?

Indeed, Draghi said risks to the growth outlook are now "broadly balanced", in contrast to the previous description of those risks as tilted to the downside. The ECB's annualized projection fell from 1,7% to 1,5%, presumably due to falling energy prices. Economic growth this year was seen at 1.9 percent versus an earlier 1.8 percent forecast. Read More »

Amazon Inks Its Biggest Deal, Buying Whole Foods for $13.7B

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Both companies said there will be no layoffs, but did not respond to other questions about Amazon's plans for Whole Foods . Pachter said Amazon might get customers over those fears if they know the delivered items are the same as those they would find at the local store. Read More »

A new platform for Whole Foods? How deal could upend grocery

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Thus far for pure-play supermarket retailers, the only viable option appears to be "click-and collect"-online ordering coupled with in-store pick up". But grocers have had little to fear from the rise of online retail. The company has doubled the number of Neighborhood Market stores to 700 over the last three years. Read More »

Tech CEOs to visit White House

The ATC was designed by Trump to help cut government waste. "We are here to improve the day-to-day lives of the average citizen", Mr. Kushner said. Executive Chairman Eric Schmidt and International Business Machines Corp. Kushner's short speech discussed bringing the government's infrastructure up to date and also piled some blame on the Obama and Bush administrations. Read More »

Toshiba pushes back earnings filing after larger than expected net loss

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To revive its financial standing, Toshiba has put up for sale its profitable Toshiba Memory Corp. chip unit. Following this decision, Toshiba's intention is to reach a mutually satisfactory definitive agreement with the Consortium by the date of its annual ordinary general meeting of shareholders, scheduled for June 28, and to close the transaction within March 2018, upon clearance of all the required processes, including competition law approvals in key jurisdictions. Read More »

What is Snap Map? Snapchat's new feature explained

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Location sharing is not an incredibly new idea for the five-year-old app, as the app uses the user's location, with their permission, to tag where they are and provide geo-filters for the person to use on their Snapchats. Enabling " ghost mode " means that the user will not share their location. "If you have already enabled your location to be visible on maps you can go into Settings, My Location, and turn it off". Read More »

Deutsche Bank Upgrades Rating On United States Steel Corporation (X)

Bank of New York Mellon Corp raised its position in shares of Timken Steel Corporation by 115.2% in the first quarter. Principal Financial Group Inc. boosted its stake in United States Steel Corporation by 19.3% in the third quarter. TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. AK Steel Holding Corporation's Quick Ratio shows the value of 0.8. Read More »