Economy

Amazon's plan for Whole Foods price cuts sends tremors through grocery industry

Amazon's plan for Whole Foods price cuts sends tremors through grocery industry Apples were also cheaper, with Gala now being sold for $1.99 (reduced from $2.99) and Fuji apples also being reduced to $1.99 a pound, down from $3.49. "As part of our commitment to quality, we'll continue to expand our efforts to support and promote local products and suppliers". What does this mean for shoppers? The $13.7 billion deal is set to go through August 28, and if all goes as planne... [Full Article...]

Trend Indicator Update on First Real Estate Investment Trust

It has outperformed by 26.00% the S&P500. Pennsylvania Real Estate Investment Trust most recently reported earnings per share (EPS ) of $0.38 for the June 2017 versus $0.42 in the same quarter previous year, representing -10% growth. Cooper-Standard had 12 analyst reports since November 6, 2015 according to SRatingsIntel. As of the end of the quarter Heitman Real Estate Securities LLC had acqui... [Full Article...]

Oil steady after U.S. crude stockpiles drop

Oil steady after U.S. crude stockpiles drop Harvey's path cuts right through the heart of US oil infrastructure, with the Texas coast being home to almost 30% of the country's refining capacity . Beyond the weather, traders said that ongoing declines in U.S. commercial crude storage levels were a sign of a gradually tightening market , although another rise in output held the market back, they said. [Full Article...]

Tropical Storm Harvey's Impact On Gas Prices

Tropical Storm Harvey's Impact On Gas Prices Tanker trucks enter a refinery ahead of Hurricane Harvey in Texas City, on August 25. "If we lose a couple of refineries because of flooding in a control room or something, we could have a brief, periodic price spike that affects essentially the eastern half of the country, maybe 5 or 20 cents", Kloza said. [Full Article...]

Samsung heir fights five-year jail term over bribery scandal

Samsung heir fights five-year jail term over bribery scandal Mr. Lee, who also goes by the name Jay Y. Lee in the West, had survived the prosecutor's first attempt to arrest him last month when a court in Seoul ruled that there was not enough evidence of bribery. Pro-Park demonstrations remain tiny relative to earlier protests in which millions demanded her removal from office for South Korea's biggest corruption scandal in decades. [Full Article...]

IShares MSCI Canada (EWC) Rises 0.29% for Aug 26

The Index seeks to measure the performance of the Swedish equity market. The next couple of weeks may be the ideal time for investors to put the pedal down and try to develop a strategy that will beat the market over the next quarter. Currently, the 14-day ADX for Barclays Bank PLC (GBB) is sitting at 13.43. Many technical chart analysts believe that an ADX value over 25 would suggest a strong tre... [Full Article...]

Jeff Immelt rules himself out of Uber CEO search

Jeff Immelt rules himself out of Uber CEO search Khosrowshahi was not among those reported to have been in the running. General Electric chairman Jeffrey Immelt was another top contender and met with the board in recent days, the people said. Khosrowshahi is an Iranian immigrant. He himself is an immigrant who came to the USA from Iran when he was 9 years old. The Wall Street Journal reported over the weekend that Whitman gave a pr... [Full Article...]

Stocks eke out gains after Jackson Hole speeches

Stocks eke out gains after Jackson Hole speeches Yellen acknowledged some possible changes to individual regulations may be warranted, specifically mentioning possible relaxation of the Volcker rule limit on banks' equity trading, and further relaxation of rules that apply to medium-sized and smaller banks. [Full Article...]

Seoul: North Korea fires several projectiles to sea

Seoul: North Korea fires several projectiles to sea It added that the missile posed no threat to the US territory of Guam, which the North had previously warned it would fire missiles toward. However, after weeks of no missile activity from North Korea, the United States had started to express hope that perhaps the regime was starting to back down. [Full Article...]

Houston CBS Affiliate KHOU Forced To Evacuate Building Due To Flooding

Houston CBS Affiliate KHOU Forced To Evacuate Building Due To Flooding Helicopters, boats and high-water vehicles swarmed around inundated Houston neighborhoods, pulling people from their homes or from the turbid water, which was high enough in some places to gush into second floors. Emotional and in disbelief, Smith relayed the rescue to viewers as she and Sandoval ran over to meet the deputies as they returned to the beltway with the driver. [Full Article...]

CBS Corp agrees to buy Australia's Ten Network (CBS, TEN)

CBS Corp agrees to buy Australia's Ten Network (CBS, TEN) The Sydney-based broadcaster was valued at just A$59 million ($47 million) before its stock was suspended from trading in June. The troubled network will be taken over by U.S. Mr. Murdoch and Mr. Gordon proposed to each acquire a 50% interest in Ten and operate it as a joint venture. But the deal is blocked by federal laws passed in the 1980s to ensure diversity of media ownership. [Full Article...]

Ram Rahim verdict: Police seals 36 Dera Sacha Sauda ashrams across Haryana

Ram Rahim verdict: Police seals 36 Dera Sacha Sauda ashrams across Haryana Ram Rahim will be sentenced on Monday (Aug. 28) and was flown out of Panchkula in a Government helicopter to a guest house in Rohtak and later moved to a special prison cell. Police personnel have asked locals to stay indoors. Gurmeet Ram Rahim was known to have one of the largest following among self styled godmans in the country. [Full Article...]

About 20000 cruise passengers stuck at sea because of Harvey

About 20000 cruise passengers stuck at sea because of Harvey Both ships will stop in New Orleans on Saturday to replenish fuel, fresh water and food supplies. Two of them were temporarily diverted to New Orleans on Friday and the third has stayed in Cozumel, Mexico, the firm said. "Should we make any changes to Liberty of the Seas' itinerary, we will make sure to inform our guests". We certainly understand the impact Hurricane Harvey is having on your... [Full Article...]

U.S. oil falls 2 percent as refiners brace for Hurricane Harvey

Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm's aftermath. US crude futures settled 98 cents lower at $47.43 a barrel and Brent crude ended down 53 cents a barrel, or 1 percent, at $52.04. It is now taking aim between Houston and Corpus Chris... [Full Article...]

Air NZ flight to Houston diverted after storm closes Houston airport

Air NZ flight to Houston diverted after storm closes Houston airport As tropical storm Harvey continues to pound parts of Texas, almost 3,000 flights have been canceled across the nation. Corpus Christi International Airport also said Friday morning that "all flights [were] canceled for the foreseeable future". [Full Article...]

Jeff Immelt of General Electric quits race to be Uber boss — BBCI

Jeff Immelt of General Electric quits race to be Uber boss — BBCI The company will hear from Immelt and an unnamed "dark-horse candidate" who will both present their strategy and vision for the future of the ride-hailing company. However, Kalanick has still maintained a regular circle of influence at Uber and has reportedly wanted to return as CEO, but the company shot down this speculation in an internal email. [Full Article...]

Hurricane Harvey weakens but continues to drench Texas

Hurricane Harvey weakens but continues to drench Texas At least a dozen people were injured, Mills said. According to Reuters , storm-related shutdowns have knocked approximately 428,568 barrels of oil per day off the US' "roughly 1.75 million bpd pumped from the Gulf", per the estimate of the Interior Department's Bureau of Safety and Environmental Enforcement. [Full Article...]

Treasury yields steady as investors await Yellen and Draghi

Paul Ashworth, chief USA economist at Capital Economics, said that " Yellen's passionate defense of the post-crisis tightening of financial regulation isn't going to go down particularly well at the White House" and that it probably makes it less likely that Trump will re-nominate her. [Full Article...]

United States sanctions Chinese, Russians over N. Korea support

United States sanctions Chinese, Russians over N. Korea support The U.S. Treasury Department said the new sanctions targeted those helping already-designated individuals supporting North Korea's nuclear and ballistic missile programs and its energy trade. missile defence programmes and supported provisions in this year's national defence bill to significantly strengthen the USA homeland missile defence system against the threat of an intercontinental ballistic... [Full Article...]

ITV plc 97.4% Potential Upside Indicated by Liberum Capital

ITV plc 97.4% Potential Upside Indicated by Liberum Capital Peel Hunt maintained Hilton Food Group plc (LON:HFG) on Thursday, January 12 with "Buy" rating. The firm has "Buy" rating by Shore Capital given on Thursday, January 26. It has a 18.97 P/E ratio. The Firm offers end-to-end operating solution for online grocery retail based on technology and IP, suitable for operating its own retail business and those of its commercial partners. [Full Article...]


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