Finance

Finance Unilever acquiresCarver Korea for US$2.7b
Author: 0 Unilever acquiresCarver Korea for US$2.7b

Buying Carver will help Unilever gain ground in the Korean beauty market, where hair and beauty trends often influence ones further west, the Journal noted. "That would have valued the whole company at $833 million, less than a third of what Unilever is paying, but Carver's net profit almost quadrupled previous year to $117 million, from $32 million in 2015, public filings show", they write .

Author: 0 Earthquake In North Korea Sets Off Alarm And Speculation

Numerous scientific agencies on both sides of the Pacific detected an quake Saturday near the site where North Korea set off a hydrogen bomb earlier this month, at first prompting speculation of another weapons test, before a consensus appeared to emerge that the tremor was a natural occurrence.

Finance Two Atlanta deals: GE selling, Genuine Parts buying
Author: 0 Two Atlanta deals: GE selling, Genuine Parts buying

ABB bought an Austrian industrial-software company for about $2 billion in April to plug a gap in its automation business. GE's industrial solutions division includes about 13,500 employees who make and sell high-performance software and control solutions and offer products such as circuit breakers, relays, arresters, switchgear, panel boards and fix for the commercial, data center, health care, mining, renewable energy, oil and gas, water and telecommunication markets.

Finance Graham defends Obamacare repeal and replacement bill at hearing
Author: 0 Graham defends Obamacare repeal and replacement bill at hearing

Kentucky , Maine , Alaska and Arizona were expected to lose Medicaid funding through 2027 in the original legislation, but the amended bill reportedly increases the total that each state would be block granted. To appease blue-state Republicans, the AHCA contained sweeteners, like a provision aimed at forcing NY to stop collecting funds from local governments to support the state's Medicaid program.

Finance Lancaster area gas prices retreat again, falling 7.0 cents per gallon
Author: 0 Lancaster area gas prices retreat again, falling 7.0 cents per gallon

Irma followed as a double whammy as demand spiked from Floridians trying to evacuate or prepare ahead of the storm. Now, supply and demand levels are returning to normal, and prices are on the decline, the auto club said. The national average has increased 19.6 cents per gallon during the last month and stands 34.7 cents per gallon higher than this day one year ago. "For the second straight week, nearly every state saw average gasoline prices fall notably as refineries continue to heal ...

Finance Uber Ready to Compromise to Keep London License
Author: 0 Uber Ready to Compromise to Keep London License

TfL questioned also the process through which drivers obtain their medical certificates and the practice of "greyballing", when the company uses a fake version of its app to fool regulators in cities where it is banned. He told customers: "We won't be ideal, but we will listen to you; we will look to be long-term partners with the cities we serve; and we will run our business with humility, integrity and passion".

Finance Radar Failure Triggers Major Delays At Sydney Airport
Author: 0 Radar Failure Triggers Major Delays At Sydney Airport

A Virgin Australia spokeswoman confirmed all of its flights had been grounded by the technical glitch. "Our technicians are now working to rectify the situation", ASA said. "We are working hard to clear the backlog of flights", Air Services Australia spokeswoman Sarah Fulton said. Melbourne passengers have been advised to check for delays with their airline.

Finance Target sets goal of $15 minimum wage by 2020
Author: 0 Target sets goal of $15 minimum wage by 2020

With a tightening labor market and a holiday hiring spree underway, Target Corp. said this morning that it will raise the minimum wage of all hourly workers to $11 starting in October. Target has 16 stores in the Charlotte metro area, and the company says it employs roughly 160 people per store. The number of retail job openings has steadily increased since 2010 and the national unemployment rate is at its lowest point in the last 16 years, making it more hard for retailers to hire ...

Finance Two in three Japanese to vote against Abe in planned snap elections
Author: 0 Two in three Japanese to vote against Abe in planned snap elections

Abe held a news conference early in the evening of September 25 to announce he was dissolving the Lower House when it convenes September 28. While the government and ruling coalition will now coordinate the timing of the Lower House election, indications are that it will likely be held on October 22.

Finance Commonwealth Bank axes $2 ATM fees for rival banks' customers
Author: 0 Commonwealth Bank axes $2 ATM fees for rival banks' customers

The decision was welcomed by Treasurer Scott Morrison, who said the changes came thanks to pressure from government for the banks to put their customers first. "It will particularly assist Australians in rural and regional areas". The bank's group executive of consumer, George Frazis, said they want all Australians to use their ATMs without being stung.

Finance Marquez wins Aragon MotoGP, Rossi 5th on return from injury
Author: 0 Marquez wins Aragon MotoGP, Rossi 5th on return from injury

Finishing half a second behind Maverick Vinales , his team-mate.The net result of this means that Marquez who started the race tied with Dovi is now 16 points clear of the man on the Ducati. Polesitter Jorge Martin ( Honda ) got the holeshot off the line, with Bastianini in close attendance as they led field through Turn 1 and then began to pull away from the chasing pack.

Finance OPEC Grants Nigeria's Oil Output Cut Exemption Request
Author: 0 OPEC Grants Nigeria's Oil Output Cut Exemption Request

Nigeria was first granted production cuts at the November, 2016 Ministerial Conference and this was later extended in May at another Ministerial Conference, until the country stabilizes its crude oil production. "Commercial oil stocks in the Organisation of Economic Cooperation and Development, OECD fell further in August and the difference to the latest five-year average has been reduced by 168 million barrels since the beginning of this year", the OPEC Secretariat report said.

Finance Napolitano has hopes for NAFTA talks, despite US-Mexico climate
Author: 0 Napolitano has hopes for NAFTA talks, despite US-Mexico climate

Another reason is that the rules include a concept called substantial transformation, which means that if further processing of a non-NAFTA item is done by a NAFTA partner, the non-NAFTA items are "transformed" and are deemed to have been produced in the United States, Canada or Mexico.

Finance Deutsche Bank AG Reaffirms Sell Rating for BT Group plc (BT.A)
Author: 0 Deutsche Bank AG Reaffirms Sell Rating for BT Group plc (BT.A)

On Wednesday, July 19th, Christopher Loughlin acquired 18 shares of Pennon Group plc stock. If the $44.66 price target is reached, the company will be worth $13.84M more. Investec restated a buy rating and issued a GBX 4,750 ($64.04) price target on shares of NEXT plc in a research report on Thursday, August 3rd. JP Morgan upgraded the stock to "Neutral" rating in Wednesday, April 6 report.

Finance European Union officials reach draft deal on more North Korea sanctions
Author: 0 European Union officials reach draft deal on more North Korea sanctions

Trump said the new executive order "significantly expands our authority to target individual companies, financial institutions, that finance and facilitate trade with North Korea " and "will cut off sources of revenue that fund North Korea's efforts to develop the deadliest weapons known to humankind".

Author: 0 Fed to start shrinking portfolio in October

With hurricanes Harvey and Irma clouding some economic data - temporarily raising gas prices, likely restraining hiring and potentially depressing growth in the July-September quarter - some analysts assumed the bank wouldn't have enough information by December to assess whether the economy had rebounded from the storms.

Finance It's unfair: Parineeti on Mahira Khan being slut-shamed
Author: 0 It's unfair: Parineeti on Mahira Khan being slut-shamed

Like the rest of the world, actor Rishi Kapoor also saw the viral pictures of his son Ranbir Kapoor chilling with Pakistani actress Mahira Khan in NY on Friday morning. How we react defines our own character. While Mahira hasn't found the time to reply to his kind gesture, we are sure she feels elated to spot a man, a friend who is far from stereotypes and double standards of the society.

Finance How major United States stock market indexes fared Wednesday
Author: 0 How major United States stock market indexes fared Wednesday

Philippine equities reached a record high on Monday, led by market's optimism over the country's tax reform package, while other markets in the region remained cautious ahead of the Fed meeting . General Assembly. J.M. Smucker shed $2.60, or 2.4 percent, to $106.91. Skyworks Solutions slid $5.83, or 5.4 percent, to $102.10. "What's particularly striking is how little markets care", Goldberg said.

Finance North Korea scare makes Sensex, Nifty tank again
Author: 0 North Korea scare makes Sensex, Nifty tank again

As per reports by PTI , the rupee fell to a four-month low in early trade on heavy capital outflows over expectation of rate hike by the US Federal Reserve came as a dampener to the market sentiment. Meanwhile, the rupee fell below the 65 mark for the first time in over five-and-a-half months on Friday on concern that fiscal deficit will widen after the government said it was considering measures to boost growth.

Finance German Economy Strengthens in Boost to Euro Region Outlook
Author: 0 German Economy Strengthens in Boost to Euro Region Outlook

Consensus for the services PMI suggests a slide from the downwardly revised 56.0 August level, to 55.8, is most likely. Companies in the services sector slowed some, while manufacturing growth ticked up, IHS Markit wrote in flash results released Friday, Sept.

Finance Mobile, Sprint close to a deal
Author: 0 Mobile, Sprint close to a deal

Reportedly, the two carriers are close to agreeing on "tentative terms" for such a deal, Reuters described on Friday. That would be the opposite of how things were going in 2014 when Sprint was attempting to buy T-Mobile. Back in 2011, AT&T agreed to pay Deutsche Telekom $39 billion for T-Mobile US. Over the past four months, however, the two companies have given the merger push renewed effort, and according to Reuters , deal terms are almost finalized.

Finance Fixed-Income Investors Scramble After Fed Meeting
Author: 0 Fixed-Income Investors Scramble After Fed Meeting

Kellogg was off 55 cents, or 0.8 percent, to $65.32, while Campbell Soup lost $1.24, or 2.6 percent, to $46.08. Instead, the US central bank chose to look past low inflation and said the harm of the Hurricanes would have no lasting economic impact.

Finance Ranveer Singh To Play A Bisexual In 'Padmavati'
Author: 0 Ranveer Singh To Play A Bisexual In 'Padmavati'

Deepika Padukone's first look as Rani Padmavati is out and it is surely a ideal sync with the commencement of the auspicious festival of Navratri. Deepika's co-star in the film, Shahid tweeted the poster saying, " चित्तोड़ की महारानी, शौर्य और सौंदर्य का प्रतीक.

Finance SEC Says Hackers Breached System, Accessed Data
Author: 0 SEC Says Hackers Breached System, Accessed Data

This is not the first time EDGAR has been compromised. The market regulator's filing system in question, EDGAR, had information on everything from statements on the latest mergers and acquisitions, to quarterly earnings. Ben Johnson, co-founder and CTO for infosec startup Obsidian Security, said the fact that the SEC breach occurred more than one year ago and the SEC didn't disclose it is troubling.

Finance Myanmar's VP: Government 'Deeply Concerned' About Rakhine
Author: 0 Myanmar's VP: Government 'Deeply Concerned' About Rakhine

Asserting that the Rohingyas are facing several problems and the whole world knows that they are homeless people, the AIMIM president wondered about how they would now be looked after. More than 400,000 Rohingya, many of them women and children, have fled to Bangladesh to escape violence since August 25, according to the United Nations - an average of nearly 20,000 a day.

Finance Kimco Realty Corporation (NYSE:KIM) Experiences Heavy Trading Volume
Author: 0 Kimco Realty Corporation (NYSE:KIM) Experiences Heavy Trading Volume

Glen Harbor Capital Management purchased a fresh position in stocks of Agree Realty Corporation in the 1st period worth at about $101,000. Trading was heavy with 583K shares changing hands by the end of trading on Wednesday. 247,397 are owned by Bnp Paribas Arbitrage. State Of New Jersey Common Pension Fund D invested in 0.08% or 173,250 shares. Liberty Mutual Gp Asset Management has invested 0.11% in Kilroy Realty Corp (NYSE:KRC).

Finance Global shares drift as investors pause ahead of Fed
Author: 0 Global shares drift as investors pause ahead of Fed

In China, equities were boosted by stronger domestic data that added to views that economic growth is holding up and by the loosening of margin requirements on stock index futures trading. Low inflation and impressive growth/low unemployment have posed a perplexing conundrum for monetary policymakers who have chose to trust in the data and start tightening despite the fact that inflation remains well below target.

Finance The Sage Group plc 10.9% Potential Upside Indicated by JP Morgan Cazenove
Author: 0 The Sage Group plc 10.9% Potential Upside Indicated by JP Morgan Cazenove

The industry's and sector's high P/E for the past year is 132.45 and 32.48 respectively and low P/E ratio for the last 5 years is 5.85 for the industry and 10.01 for the Sector. The stock of Mears Group PLC (LON:MER) has "Buy" rating given on Wednesday, May 4 by Liberum Capital. 05/12/2017 - Astrazeneca PLC was upgraded to "neutral" by analysts at Credit Suisse.

Finance Tata and ThyssenKrupp agree European merger
Author: 0 Tata and ThyssenKrupp agree European merger

The proposed 50:50 joint venture - Thyssenkrupp Tata Steel - would see the company ship around 21 million tonnes of flat steel products each year and would employ 48,000 people across Europe , 8,000 of which are in the UK . Currently, shares in Tata Steel are up 1.63 percent, whilst shares in Thyssenkrupp are up 3.62 percent as of 12.10PM (GMT). "We are tackling the structural challenges of the European steel industry and creating a strong No 2", said Heinrich Hiesinger, chief executive ...

Finance United States stocks close higher ahead as Fed meeting starts
Author: 0 United States stocks close higher ahead as Fed meeting starts

Fed Chair Janet Yellen said that she expects that Hurricanes Harvey and Irma will impact the American economy, but that those effects are unlikely to damage economic growth long-term. With the gain, the average reached a two-month closing high. Financial stocks jumped after the statement as U.S. Treasury yields rose on the prospect of higher rates while utilities took a fall on concerns that the defensive sector would look less attractive as rates climb.

Finance Ryanair puts a number on passengers affected by cancellations
Author: 0 Ryanair puts a number on passengers affected by cancellations

Ryanair is facing an estimated bill of £17 million in compensation payouts to customers as a result of mass cancellations over the next six weeks. Ryanair has pleaded with customers affected by the cancellation of 2,100 of its flights to "bear with us" as it gets to grips with refunds and rescheduling.

Finance The pound will be driven by Brexit negotiations, Carney says
Author: 0 The pound will be driven by Brexit negotiations, Carney says

His comments will anger Brexiteers who have accused Mr Carney of being too pessimistic and come after Boris Johnson's proclamation of a "glorious Brexit" over the weekend. A reduction in trade integration may have adverse implications for the supply of goods, services and labour at cheap rates. He also noted that net migration has fallen by about 25% since the Brexit referendum.

Finance USA oil stockpiles grow 4.6 million barrels
Author: 0 USA oil stockpiles grow 4.6 million barrels

Although the front-month gasoline futures contract that expires next week was little changed at $1.6498 a gallon, later-dated contracts including the more-heavily traded November futures rose. "Any increase in the production from the spring of 2018 would...generate renewed oversupply in the oil market and put prices under pressure", the analysts wrote in a note Wednesday.

Finance Toys 'R' Us files for bankruptcy ahead of the holiday season
Author: 0 Toys 'R' Us files for bankruptcy ahead of the holiday season

Toys R Us ended its almost 70-year run yesterday when the toy retailer filed for Chapter 11 bankruptcy , which came as no surprise to the industry as the company has been operating under "significant leverage" since 2007, noted by CEO David Brandon in his statement .

Finance IShares S&P/ASX 20 ETF (ILC.AX) Share Price Heads Above Balance Step
Author: 0 IShares S&P/ASX 20 ETF (ILC.AX) Share Price Heads Above Balance Step

In other words, it is the fourth derivative of price. Therefore, it is created to anticipate signals in MACD, which in turn is created to identify changes in the price momentum of the underlying security. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. A common look back period is 14 days.

Finance Wall Street advances, led by financials
Author: 0 Wall Street advances, led by financials

At 9:39 a.m. ET (1339 GMT), the Dow Jones Industrial Average was up 33.52 points, or 0.15 percent, at 22,301.86, the S&P 500 was up 4.44 points, or 0.17 percent, at 2,504.67 and the Nasdaq Composite was up 18.27 points, or 0.28 percent, at 6,466.74.

Finance Northrop Grumman Corporation (NOC) Given Consensus Rating of
Author: 0 Northrop Grumman Corporation (NOC) Given Consensus Rating of "Buy" by Analysts

After posting $1.56 EPS for the previous quarter, Orbital ATK Inc's analysts now forecast 0.00 % EPS growth. The investigation concerns whether the Orbital board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Orbital shares of common stock.