Finance

Moody's sovereign upgrade was long overdue: Arvind Subramanian

Moody's sovereign upgrade was long overdue: Arvind Subramanian The bond market has fired up Friday morning after global rating company Moody's upgraded India's sovereign rating by one notch lifting investor's confidence on the country's economic health. Moody's upgrade is an acknowledgement of systemic reforms undertaken by the government, former Finance Secretary, Ashok Lavasa said. Moody's has forecast GDP growth of 6.7 per cent for the fiscal year en... [Full Article...]

Volkswagon to invest $12bn in China EV cars

Volkswagon to invest $12bn in China EV cars German company Volkswagen by 2025, plans to invest 10 billion euros in vehicle production at new sources of energy in China. Carmakers that do fall short will be required to buy credits. Volkswagen's logos are pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017. Mr Heizmann said some of those models will have a 400-600km driving range on a single full charge. [Full Article...]

Louis warehouse fire, collapse injures one

Louis warehouse fire, collapse injures one The St. Louis Post-Dispatch reports that the fire broke out shortly after 10 a.m.in the basement of a warehouse near 39th Street and Park Ave.in the city's Botanical Heights neighborhood, and firefighters found it hard to locate the source of the blaze and contain it amid heavy smoke. [Full Article...]

Bon-Ton to close at least 40 stores in 2018

Bon-Ton to close at least 40 stores in 2018 Company officials said on a conference calls with investors Thursday morning that sales performance and profitability are main factors in which stores will close. Omni-channel sales grew by double digits. The company's top executive acknowledged third-quarter earnings, which decreased 6.6 percent year-over-year, fell short of expectations, prompting changes. [Full Article...]

21st Century Fox Shares Soar After Reports of Comcast Acquisition

21st Century Fox Shares Soar After Reports of Comcast Acquisition The stock of Twenty-First Century Fox Inc (NASDAQ:FOXA) earned "Buy" rating by Rosenblatt on Thursday, June 29. Earlier this month, Disney was in talks to purchase most of 21st Century Fox , leaving them focused on news and sports. The original version of this article can be read at https://www.dispatchtribunal.com/2017/11/16/stevens-capital-management-lp-grows-holdings-in-twenty-first-cent... [Full Article...]

The Keystone Pipeline Has Leaked 210000 Gallons Of Oil In South Dakota

The Keystone Pipeline Has Leaked 210000 Gallons Of Oil In South Dakota An environmental scientist manager at the South Dakota Department of Environment and Natural Resources tells the Bismarck Tribune officials don't think any surface water bodies or drinking water systems are threatened. The company said the pipeline will remain shut down for the time being. The pipeline runs from Alberta in Canada to the USA border and then straight south through eastern North ... [Full Article...]

Qualcomm rejects Broadcom's $103-billion takeover bid

Qualcomm rejects Broadcom's $103-billion takeover bid San Diego-based Qualcomm announced this morning that its board has unanimously rejected the unsolicited acquisition proposal from Broadcom , saying the offer "dramatically undervalues" the company. The sources asked not to be identified because the deliberations are confidential. The offer also comes at a time when Qualcomm is trying to close its pending $38-billion acquisition of automot... [Full Article...]

Activist investor edges ahead in contested P&G shareholder vote

Activist investor edges ahead in contested P&G shareholder vote On Wednesday, an independent vote count indicated he actually won election to the board of directors. That is a margin of victory of 0.002% of shares outstanding. Peltz urged P&G to accept his election and not waste any more of shareholders' money fending him off. "We view P&G's strategy to be appropriate and its management team as extremely capable; however, we also believe Mr. [Full Article...]

Japanese rail company apologises after train departs 20 seconds early

Japanese rail company apologises after train departs 20 seconds early The train had arrived at the station on time, at 40 seconds past 9:43 a.m. The 9:44 northbound train leaving Minami Nagareyama station departed at 9:44:20 rather than the scheduled 9:44:40. The Tsukuba Express railway connects Akihabara and Tsukuba, two towns that are about 60km apart in 45 minutes - give or take 20 seconds, according to the company's website. [Full Article...]

Emerson ups its bid for Rockwell

Emerson ups its bid for Rockwell Schwab Charles Inv Mngmt reported 0.09% of its portfolio in Rockwell Automation (NYSE:ROK). Several large investors have recently added to or reduced their stakes in the company. The current ratio looks at all the liquid and non-liquid assets compared to the company's total current liabilities. Rockwell Automation (NYSE:ROK) opened at 134.40 on Wednesday. [Full Article...]

Norway's state fund 'needs to ditch oil and gas investments'

Norway's state fund 'needs to ditch oil and gas investments' The fund now has 379 investments in oil and gas equities, including stakes in the top global firms. The aim of the proposal is to make Norway's wealth less vulnerable to a permanent drop in oil prices, especially at a time when the fund is increasing the proportion of its portfolio it invests in equities to 70 percent from 60 percent previously. [Full Article...]

Time Inc. in merger talks with Meredith

Time Inc. in merger talks with Meredith It was unclear how much influence the Kochs, known for supporting conservative causes, would have if a deal is made. The companies did not comment publicly about the reports , but the Journal said two unidentified Meredith executives denied that any talks were underway. [Full Article...]

Flydubai Orders 175 Boeing 737 MAX

Flydubai Orders 175 Boeing 737 MAX The agreement with flydubai consists of a commitment for 175 MAX aircraft, and purchase rights for 50 additional MAXs. More than 50 of the first 175 aircraft to be delivered will be 737 Max 10s , says Boeing . Boeing and flydubai signed on Wednesday a record-breaking agreement for 225 737 MAX airplanes with a list price value of $27 billion. The carrier's current fleet are all Boeing... [Full Article...]

Hosking Partners LLP Purchases Shares of 225082 Wal-Mart Stores, Inc. (WMT)

Hosking Partners LLP Purchases Shares of 225082 Wal-Mart Stores, Inc. (WMT) Deutsche Bank downgraded Wal-Mart Stores Inc (NYSE: WMT ) on Monday, September 11 to "Hold" rating. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer's stock valued at $595,995,000 after acquiring an additional 99,921 shares during the period. [Full Article...]

Inflation Rate Inches Down To 15.91% in October

Inflation Rate Inches Down To 15.91% in October The Food Index increased by 20.31 per cent (year-on-year) in October, down marginally by 0.01 per cent points from the rate recorded in September (20.32 per cent). The month-on-month inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the previous month in the current year. [Full Article...]

2.6 million Floridians to travel during Thanksgiving holiday, AAA says

2.6 million Floridians to travel during Thanksgiving holiday, AAA says About 50.9 million Americans will journey 50 miles or more from home for the November 22 to November 26 holiday period, the ninth consecutive increase and a 3.3 percent jump over a year earlier, AAA said in an emailed report. AAA says it would be the eighth consecutive year of growth for Thanksgiving travel in MI. The November average through Wednesday was $2.54, up 35 cents from the same period... [Full Article...]

Airlines quit Cuba as Trump tightens controls on travel

The regulations include a ban on Americans doing business with some 180 Cuban government entities, holding companies, and tourism companies. "Given the changes in Cuba travel policies, the airline will redeploy these resources to other markets the airline serves where demand continues to be strong". [Full Article...]

Listen to "Meadow", Stone Temple Pilots' first song with new lead singer

Listen to Stone Temple Pilots released its first song with Mr. Gutt on Wednesday, " Meadow ", and plans to issue a full-length record in 2018, Rolling Stone reported - its first since 2010. "It took some time, but we found our guy". DeLeo explained in a press release: "Talk about a happy accident". "No one will ever fill Scott's shoes and I'm not trying to - he's a legend. [Full Article...]

U.S. oil and gas 'resurgence' expected as global demand grows

U.S. oil and gas 'resurgence' expected as global demand grows While the high reached $56.77. This week's World Energy Outlook 2017 report from the International Energy Agency tells the story of an energy industry on the brink of a seismic shift, as it struggles to deal with the twin pressures of decarbonization and rising energy demand. [Full Article...]

Southwest Pilot Arrested for Bringing Gun to the Airport

Southwest Pilot Arrested for Bringing Gun to the Airport Charges are now pending and the case will be handled through St. Louis County. However, St. Louis County Police tell Fox 2 that they are not now investigating the incident. The agency says they're seeing a rise in people bringing guns to airports nationwide and in St. Louis. The passengers were told they would receive a $100 voucher for the inconvenience. [Full Article...]


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