Tuesday, 22 August 2017
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Infosys Ltd ADR (INFY) Stock Sinks on Surprise CEO Resignation

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Sikka has been appointed as the Executive Chairman of the company, until a new MD and CEO takes charge. "I can not carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks ", Sikka said in a blog post . Read More »

Deutsche Bank Downgrades Rating On Foot Locker, Inc. (FL) To "Hold"

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Afam Capital, Inc. now owns 19,624 shares valued at $967,000. Davenport & reported 4,506 shares. Earnings per share were $0.39 compared with $0.94 a year earlier. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer's stock worth $104,000 after buying an additional 213 shares during the period. Read More »

Britain seeks Brexit without borders between Ireland and Northern Ireland

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Public holidays are one aspect of life that the EU hasn't harmonized across its 28 countries, and European Commission staff generally follow the calendar of Belgium, where most of its employees are based. Is that possible or acceptable? "Businesses have been clear that maintaining an open, frictionless border between the Republic of Ireland and Northern Ireland, and between Great Britain and the island of Ireland, is essential to supporting jobs and the economy". Read More »

WTI falls back as DoE reveals rise in weekly U.S. oil output

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On August 15, 2017, US crude oil ( USO ) ( USL ) September futures fell 0.1% and closed at $47.55 per barrel . USA 11 to 469.2 million, industry group the American Petroleum Institute said on Tuesday. Gasoline stockpiles were unchanged for the week, while distillate stockpiles climbed by 700,000 barrels last week, according to the EIA. Crude oil exports also rose, jumping to 877,000 bbl/d from 707,000 bbl/d. Read More »

Network Rail has warned of delays for the rest of today

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Passengers using one of the busiest rail networks were told not to use services on Wednesday, after problems caused by a points failure and a train derailment on Tuesday. A South West Trains service is reported to have collided with a freight train at Waterloo this morning. A number of platforms are closed. A train has partially derailed at London Waterloo, causing travel chaos. Read More »

Airberlin Files for Bankruptcy as Key Shareholder Stops Funding

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Air Berlin filed for bankruptcy protection Tuesday after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available following years of unsuccessful turnaround attempts. "This is a heavy blow for Air Berlin employees", said Verdi board member Christine Behle. "This development is extremely disappointing for all parties, especially as Etihad has provided extensive support to airberlin for its previous liquidity challenges and restructuring efforts over ... Read More »

Global stocks shudder on Trump warnings to North Korea

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The S&P was only down 0.1 percent for the week entering the session. It also came amid heightened tensions between North Korea and the United States. While markets shrugged off news earlier in the day that North Korea had developed nuclear warheads, Trump's threatening reaction later in the day prompted a more nervous reaction from investors. Read More »

North Korea talk drags stocks lower; gold, yen rise

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Several indexes closed lower overnight. Amid the hot rhetoric, US stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent. The dollar index.DXY, which measures the US currency against a basket of other major currencies, fell 0.14 percent. The dollar was up 0.05 percent to 109.25 yen JPY= , after earlier falling to a sixteen-week low following data showing USA consumer prices rose less than expected in July. Read More »

Tesla: Self-Driving Semi-Trucks On The Way

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Musk confirmed of Tesla working on heavy-duty electric trucks in one of his tweets in June. Nevada DMV spokesperson Jessica Gonzalez told Reuters that Tesla requested for a meeting with California officials on Wednesday "to talk about Tesla's efforts with autonomous trucks", as well as to introduce new staff. Read More »

Scandals aside, airlines actually don't bump that many people off flights

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Department of Transportation began tracking the data in 1995. Just one in 19,000 passengers was bumped from their flight in the period between January and June this year, the Associated Press reported . The department has launched an airline passenger website to make it easy for travelers to understand their rights. An American Airlines flight from New Orleans to Chicago O'Hare International Airport on June 14 delayed 214 minutes on the tarmac at Chicago O'Hare, said the report . Read More »

Geopolitical Concerns Lead To Weakness On Wall Street

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The Dow is down 48.57 points or 0.2% at 22,036.77, the Nasdaq is down 20.93 points or 0.3% at 6,349.53 and the S&P 500 is down 3.18 points or 0.1% at 2,471.74. Apple (AAPL.O) pared gains after rising as much as 1.91 percent to an all-time high and provided the biggest boost to all three indexes, while healthcare stocks such as Johnson & Johnson (JNJ.N) were the biggest weight on the S&P. Read More »

Bank of England committee split over base rate hold decision

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It also shaved its growth forecast for next year to 1.6pc from 1.7pc, but kept 2019 at 1.8pc. "Consequently the task of determining just what effect Brexit had on the United Kingdom economy will mostly fall on the shoulders of tomorrow's historians, rather than today's economists". Read More »

ADP Board Rejects Pershing's Request To Extend Director Nomination

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While Ackman may be able to score points with criticism of the company's strategy, he may find it hard to challenge Rodriguez given his track record as CEO, some analysts said. Pershing Square intends to file a Schedule 13D on Monday, August 7, 2017. Pershing Square took a 9.9% stake in Chipotle previous year. The company added that since Rodriguez became CEO almost six years ago, ADP's total shareholder return of 202% is well in excess of the S&P 500 TSR of 128% - and is many ... Read More »

Teva Pharmaceutical Misses On Q2 Earnings, Cuts Guidance; Stock Dives

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Teva Pharmaceutical Industries Limited ( TEVA ) opened at 23.75 on Friday. As of quarter end Legal & General Group Plc had sold 103,734 shares trimming its stake by 26.2%. The stock has 1.03 billion shares outstanding and Average True Range for 14 days of 0.78. Finally, Zacks Investment Research raised Teva Pharmaceutical Industries from a "sell" rating to a "hold" rating in a research report on Monday, July 17th. Read More »

Passengers say teen who jumped from plane at SFO was 'anxious, fidgety'

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The plane was taxiing at San Francisco International Airport when the teen, who according to reports was a USA citizen, forced open the door , jumped onto the plane wing, and slid down to the tarmac. The plane continued to move to the designated terminal and all the passengers got to the airport without incident . There was no word immediate as to why the teen left the plane. Read More »

Dow hits 22000 for first time on Apple boost

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Apple's stock , which surged almost 6% in the pre-market trading, soared after its results beat market expectations, rising by as much as 6.22% at one point to $159.68. Overnight, the Oil price meantime fell 2 per cent, while the Copper and silver prices have also seen some weakness, which is not welcome news for the resources companies. Read More »

Inflation remains weak in eurozone despite stronger growth

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Growth in the single currency area outstripped paltry expansion in the United States and Britain in the first quarter and the pace did not let up in the April-June period. Since the start of the year, with the exception of February, the euro has ended the month on a positive note. The euro EUR= has rallied more than 12 percent year to date and is holding at two-and-a-half year peaks. Read More »

GDP Rises in 2nd Quarter

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Nondurable goods spending was also stronger, up 3.8 percent in the second quarter. For all of 2016, GDP was revised down slightly to 1.5%, from 1.6% previously. Trump's election and promises of massive tax cuts and infrastructure spending lifted expectations on Wall Street and among economists of faster growth. Read More »