Economy

Saab, Adani Group announce tie-up to make fighter jets in India

Saab, Adani Group announce tie-up to make fighter jets in India Saab will compete with United States defence giant Lockheed Martin to equip the Indian military with 100 single-engine jets to be produced locally under Prime Minister Narendra Modi's "Make-in-India" initiative. To supply hundreds of aircraft to the Air Force, Saab is offering Gripen fighter and USA defence contractor Lockheed F-16. The warplanes will be built by an Indian firm in collaboration ... [Full Article...]

Hurricane Harvey: Massive Emergency Sheltering Effort Underway

Our financial contributions that are raised here locally go directly there for that effort", said Tawanda Owsley, executive director of the Bluegrass Area Chapter of the Red Cross . Despite mistakes, it has the assets to address the problems that smaller local organizations naturally lack. Charles Grassley, R-Iowa, concluded that the Red Cross had spent $124 million - one-quarter of the money d... [Full Article...]

Smoke spotted in parts of Bay Area coming from Northern California fires

Smoke spotted in parts of Bay Area coming from Northern California fires The temperature in Oroville hit 108 degrees (42 degrees C). State Route 447 was closed north of U.S. Interstate 80 for several hours but reopened Thursday morning. The Global SuperTanker is now helping to fight a fire in Northern California. Fire crews increased containment to 30 percent overnight ahead of a statewide heat wave. [Full Article...]

Korea threatens S. Korean reporters over book review

A Korean edition of the book "North Korea Confidential" is displayed in a bookstore in Seoul on August 31, 2017. The North Korean outlet said authors James Pearson and Daniel Tudor had written a "propaganda book" based on the "ludicrous statements of the riff-raffs including rubbish defectors two years ago". [Full Article...]

Ryanair boss lets fly over Air Berlin 'stitch-up'

Ryanair boss lets fly over Air Berlin 'stitch-up' The pugnacious Ryanair boss said awarding Air Berlin to Lufthansa would give Germany's flagship carrier control over "95 percent of the domestic market". German aviation investor Hans Rudolf Woehrl is also due to hold talks over Air Berlin's assets today, and former motor racing driver Niki Lauda has indicated his interested in buying back Niki, the Austrian airline he once owned. [Full Article...]

U.S. stocks rise after weak jobs report

U.S. stocks rise after weak jobs report The Standard & Poor's 500 index rose 11.29 points, or 0.5 percent, to 2,457.59. Investors are waiting for a reading on USA economic growth and ADP's monthly report on private-sector jobs, as they also monitor the fallout from Hurricane Harvey and North Korea's latest missile launch. [Full Article...]

U.S. inflation data boosts stocks; yields slip

U.S. inflation data boosts stocks; yields slip USA consumer spending rose slightly less than expected in July and annual inflation increased at its slowest pace since late 2015. Traders awaited Friday's U.S. Gold prices rose as the dollar weakened, while rising security concerns created by tensions on the Korean peninsula supported sentiment. Gold extended a yearlong rally, hitting $1,313.10 a troy ounce, up 14% for. [Full Article...]

Mattis says United States not out of diplomatic solutions with North Korea

Mattis says United States not out of diplomatic solutions with North Korea But, on Thursday, Mattis stressed that there was "nothing contradictory there" and said reports have "widely misinterpreted" his comments. "We're never out of diplomatic solutions ", Mattis said as he went into a meeting with South Korea Defense Minister Song Young-Moo. [Full Article...]

Technical Chart Situation for Lululemon Athletica Inc. (LULU)

Technical Chart Situation for Lululemon Athletica Inc. (LULU) Glenmede Trust Communication Na reported 0% in Lululemon Athletica inc. Shares of Lululemon Athletica Inc . are presently 30.58% off the 52 week low. Meanwhile, top gainers in the sector included Orchids Paper Products Company (NYSE: TIS ), up 16 percent, and BRF SA (ADR) (NYSE: BRFS ), up 3 percent. [Full Article...]

The Palo Alto Networks, Inc. (PANW) Rating Reiterated by Wells Fargo & Company

The Palo Alto Networks, Inc. (PANW) Rating Reiterated by Wells Fargo & Company Among 49 analysts covering Palo Alto Networks (NYSE: PANW ), 32 have Buy rating, 1 Sell and 16 Hold. On July 7 the stock rating was upgraded to "Buy" from "Neutral" by Citigroup. Cybersecurity company Palo Alto Networks ( PANW ) received multiple price-target increases from analysts following a quarterly earnings report late Thursday that blew past expectations , positively impacted by impr... [Full Article...]

Marathon Petroleum Corporation (MPC) Given "Buy" Rating at Royal Bank Of Canada

Marathon Petroleum Corporation (MPC) Given It has outperformed by 7.33% the S&P500. Bw Gestao De Investimentos Ltda increased its stake in Marathon Petroleum Corp ( MPC ) by 33.24% based on its latest 2016Q4 regulatory filing with the SEC. Liberum Capital has "Buy" rating and GBX 515 target. The firm has "Buy" rating by Jefferies given on Friday, August 5. US Capital Advisors reiterated a buy rating on shares of Marathon Petroleum Corpor... [Full Article...]

QuikTrip to release pumpkin pie, pumpkin spice flavored items soon

QuikTrip to release pumpkin pie, pumpkin spice flavored items soon On Starbucks' Facebook page , customers began responding to other people's questions. Adding to the confusion is the absence of the PSL from the chain's mobile-ordering app . QuikTrip locations across Green Country will be releasing limited-time food and beverage items made with the popular seasonal flavor starting in September. [Full Article...]

The price of a litre of gasoline jumped again in Montreal

Across Canada, gas prices are up an average of 9.5 cents compared with last week. The damage and flooding caused by Harvey has sidelined about 31 per cent of total US capacity for producing gasoline, diesel and jet fuel, said McTeague. In Western Canada, prices also leapt based on oil trading in Chicago, said Mr. McTeague. "The big issue? Shortages in the US northeast". McTeague suspects ser... [Full Article...]

United States gains 156000 jobs, unemployment rate up to 4.4 pct

United States gains 156000 jobs, unemployment rate up to 4.4 pct Private service-providing industries added a net 95,000 jobs, led by gains in professional and business services, which added 40,000 jobs during the month, and by the health care and social assistance sector, which added 17,000. Overall, hiring this year has averaged 176,000 a month, roughly in line with 2016's average of 187,000. Data junkies here's your fix: the August U-6 (the broadest measur... [Full Article...]

Demonetisation a scam, Modi must apologise: Congress

Demonetisation a scam, Modi must apologise: Congress By December, though, it was clear that tax evaders had managed to legalize their unaccounted money using mules and proxies to make deposits, made high-value purchases using backdated bills and colluded with bank officials to exchange old currency. [Full Article...]

Transfer market expert confirms Monaco star will join the Gunners

Transfer market expert confirms Monaco star will join the Gunners Lemar was keen on a move to Liverpool, but they have yet to come close to Monaco's valuation for the 21-year-old. Arsenal appear to have lost out on the signature of Monaco star Thomas Lemar as the France global wants to continue playing in the Champions League, if the latest reporting on the subject is to be believed. [Full Article...]

Officials continue to say there is no gas shortage in Texas

Officials continue to say there is no gas shortage in Texas There's 230 million barrels of refined gasoline in the USA inventory, Sitton said. In Tyler, lines are appearing at gas stations, including the Walmart Neighborhood Market at Earl Campbell and Texas 155. Those that still have fuel are charging as much as triple the usual price. Brad Douglass, CEO of Douglass Distributing based out of Sherman, Texas, said the unprecedented rainstorm is responsibl... [Full Article...]

Stock trading actively: Fairmount Santrol Holdings Inc. (FMSA)

Blair William Commerce Il reported 0.01% stake. The other 22, though not evenly; between analysts who think you should buy Devon Energy Corporation versus those who think you should sell it. (NASDAQ:SLGN) shares with value of $63,220 were sold by Andreacchi Anthony P . Among 4 analysts covering Primo Water ( NASDAQ:PRMW ), 3 have Buy rating, 0 Sell and 1 Hold. [Full Article...]

Dow, DuPont finally merge, but will soon split into three

Dow, DuPont finally merge, but will soon split into three June 28, 2017 - Dow and DuPont announce that both respective boards support a comprehensive portfolio review for DowDuPont, which is meant to assess current business facts and leverage the knowledge gained over the past year and a half to capture any material value-enhancing opportunities in preparation for the intended creation of three industry-leading companies. [Full Article...]

EPS for Hewlett Packard Enterprise Co (HPE) Expected At $0.26

EPS for Hewlett Packard Enterprise Co (HPE) Expected At $0.26 According to a report from Bloomberg's BNA, "The HP Enterprise/Micro Focus transaction is expected to violate an ownership rule in the regulations that applies if former shareholders of an acquired USA entity own 60 percent or more of the combined foreign acquiring entity, following an acquisition". [Full Article...]


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