Economy

Strong, swift UN reaction to Trump on climate

Strong, swift UN reaction to Trump on climate Many celebrities are reacting with shock and disdain to reports that President Donald Trump plans to withdraw from the Paris Climate Agreement , a joint effort among almost 200 nations to combat global warming. Tearfund's head of advocacy Paul Cook said: "World leaders need to uphold their commitments to prevent lives and livelihoods being hit hard by an unstable and changing climate". [Full Article...]

Barclays set to sell US$2 bil stake in Africa business

Barclays set to sell US$2 bil stake in Africa business Barclays also estimates that a United Kingdom tax on bank balance sheets means it would pay an extra GBP200 million in levies by 2021 to keep its African unit on its books. Barclays Africa shares have fallen by 2 percent in rand terms since the group's parent company announced its intention to sell in March 2016. The transaction could raise up to $2bn (£1.6bn) for Barclays, capital which is like... [Full Article...]

UK Conservatives extend lead to 10 points over Labour: Kantar poll

UK Conservatives extend lead to 10 points over Labour: Kantar poll Sterling fell by more than 0.5 percent to $1.278 on Wednesday, its lowest level since May called a snap election on April 18. A majority requires at least 326 seats. "Debate their record, debate their plans, debate their proposals and let the public make up their mind", said Corbyn, who was joined at Wednesday's debate by representatives of smaller parties, including Liberal Democrat leader Tim... [Full Article...]

Rite Aid Corporation (NYSE:RAD) EPS Analysis

The rating was upgraded by Vetr on Wednesday, August 19 to "Buy". "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". North Star Invest invested in 0% or 37 shares. Janus Capital Management LLC now owns 1,011,605 shares of the company's stock valued at $4,299,000 after buying an additional 17,000 shares during ... [Full Article...]

Michael Kors and Capital One fall; Analog Devices rises

Michael Kors and Capital One fall; Analog Devices rises Shares of Analog Devices, Inc . Analysts expected the Norwood, Mass. -based company to earn 84 cents a share on sales of $1.1 billion. Over the past month the firm's stock is -26.44%, -25.87% for the last quarter, -28.58% for the past six-months and -44.13% for the a year ago. [Full Article...]

President Trump poised to pull out of Paris climate deal

President Trump poised to pull out of Paris climate deal Almost 200 nations, including the United States and Australia, agreed in 2015 to voluntarily reduce their greenhouse gas emissions in an effort to combat climate change . carbon reduction commitments below what Obama pledged. The market reaction reflected concerns, raised by some coal companies in recent months, that a USA departure from the agreement could unleash a global backlash against c... [Full Article...]

Stagecoach Group plc (SGC) Given Consensus Recommendation of "Hold" by Analysts

Deutsche Bank maintained Ferrexpo Plc (LON:FXPO) rating on Thursday, August 6. 12/19/2014 - British Land Company PLC had its "overweight" rating reiterated by analysts at Barclays. (NASDAQ:AAPL) has "Hold" rating given on Tuesday, October 18 by Deutsche Bank. The rating was maintained by Canaccord Genuity with "Sell" on Wednesday, September 2. [Full Article...]

White House communications director Mike Dubke quits after 3 months

Press secretary Sean Spicer sought to cast doubt on the veracity of media reports that Kushner had sought a secret communications channel with Russian Federation during the presidential transition, while simultaneously defending Kushner's alleged conduct. [Full Article...]

Kellogg to Cut 1100 Jobs in Distribution Site Closures

Kellogg to Cut 1100 Jobs in Distribution Site Closures The plant, at 30104 Research Dr.in New Hudson, is one of 40 distribution centers in North Carolina, Texas, Florida and Missouri to be shuttered following the manufacturer's switch from direct store delivery to a warehouse model. The company said the move would free up money to invest in activities like advertising that more directly help boost sales. About 250 employees at Kellogg's Cincinnati... [Full Article...]

General Electric Company (NYSE:GE) Technical and Valuation Says it All

The Company's divisions include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. UBS maintained General Electric Company (NYSE:GE) on Friday, October 14 with "Buy" rating. 07/31/2016 - American Electric Power Company, Inc . had its "hold" rating reiterated by analysts at Hilliard Lyons. Foster Motley reported 35,601 shares stake. [Full Article...]

Kenya inaugurates Standard Gauge Railway

Kenya inaugurates Standard Gauge Railway Kenya Railways assured that the Madaraka Express would reduce the travel time between the two cities from 10 hours - though most journeys took up to 20 due to frequent breakdowns and delays - to four and a half, and would carry up to 1,260 passengers on each 472-kilometre trip. [Full Article...]

Acadia Realty Trust (NYSE:AKR) Ducks Under The Trend Line

We have $21.15 PT which if reached, will make NYSE:DOC worth $124.80M more. Brandywine Realty Trust was upgraded to "sector weight" by analysts at Stephens. giving the company a " rating. The total market capitalization remained at $1.54 billion. The firm acquired 10,057 shares of the real estate investment trust's stock, valued at approximately $599,000. [Full Article...]

Trump Expected To Withdraw From Paris Climate Agreement

Trump Expected To Withdraw From Paris Climate Agreement Why Is the U.S. So Important to the Deal? U.S. media reported Wednesday that Trump had chose to pull his country out of the accord but the unpredictable USA tycoon indicated he would keep the world guessing for another few days. While it has been celebrated in its historic mission, the emissions reductions set forth in the Paris accord are fragile goals that are very much based in good faith o... [Full Article...]

British PM May's lead narrows to 7 pct points - YouGov poll

Using new constituency-by-constituency modelling, the projection by pollsters YouGov said the party could lose 20 seats to end up with 310. Earlier in the session it had slipped to a one-month low against the United States dollar, briefly making it the worst performing major currency , after a seat-by-seat prediction by YouGov suggested that the Conservatives were on course to win 310 seats... [Full Article...]

May could lose parliament majority

May could lose parliament majority The constituency-by-constituency model is based on the pollster conducting 50,000 interviews over the course of a week, with voters from a panel brought together by YouGov . There's even a very unlikely outcome whereby the opposition Labour party could team up with the Scottish Nationalist Party in the result of a hung parliament - where no-one has a clear majority - and challenge the Conservativ... [Full Article...]

US pending home sales fell again in April

US pending home sales fell again in April Mortgage applications fell 3.4 percent last week as rates remained steady but the housing inventory stayed lean. The number of properties for sale has plunged 9 percent over the past year to 1.93 million, according to the Realtors in a separate report last week. [Full Article...]

Goldman confirms buying Venezuela bonds after opposition cries foul

This deal comes in light of great unrest within Venezuela . Opposition supporters demanding elections, freedom for jailed activists, and foreign humanitarian aid, marched onto Caracas' main highway aiming to reach the ministry downtown. [Full Article...]

White House says Trump expected to pull USA from Paris deal

White House says Trump expected to pull USA from Paris deal Trump " at a recent summit in Italy. "So it makes no sense, it's unsafe, and we in New York City are going to have to take matters into our own hands". Others say it could be worse because other countries might follow a USA exit, leading to more emissions from both the US and the rest. Instead, it's catalyzed support for the deal. [Full Article...]

Train Delayed, New Yorkers Ensure Student Gets 'Graduation'

Train Delayed, New Yorkers Ensure Student Gets 'Graduation' As Select All notes , Alcantara explained in a comment on the video taken of his experience that the delay was due to an issue with the train's emergency brakes. "After 45 minutes, I knew I was already late, but I kept hoping that I'd at least make it to walking the stage". "Everyone was getting antsy and frustrated, so I figured I'd lighten the mood by thanking everyone for coming", Alcantara... [Full Article...]

Michael Kors Holdings to close stores as sales lag

Michael Kors Holdings to close stores as sales lag Amp Cap Invsts holds 0.07% or 253,485 shares. The stock of Michael Kors Holdings Ltd (NYSE: KORS ) is a huge mover today! Global luxury fashion brand Michael Kors ( NYSE: KORS ) found its investors somewhat jittery Wednesday, after quarterly financial numbers that left some market watchers cold. [Full Article...]


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