Business

Business US Industrial Production Climbs 0.9% In October, More Than Expected
Author: 0 US Industrial Production Climbs 0.9% In October, More Than Expected

Excluding the effects of the hurricanes, the index for total output advanced about 0.3% in October, and the index for manufacturing advanced about 0.2%. Hurricane-related catch-up caused nearly all of the October jump in factory production. The largest gains in the manufacturing sector were seen in the chemicals (up 5.8 percent), petroleum and coal products (up 4.0 percent), textile and product mills (up 1.6 percent), apparel and leather (up 1.3 percent) and motor vehicles and parts (up 1.0 ...

Business Notable Institutional Stake In TEGNA Inc. (NYSE:TGNA)
Author: 0 Notable Institutional Stake In TEGNA Inc. (NYSE:TGNA)

Currently, 1.48 billion total shares are owned by the public and among those 1.44 billion shares have been available to trade. Shares of Wells Fargo & Co. Investors saw a negative move of -0.94% in last five trading days. Its up 0.12, from 0.76 in 2017Q1. The total value of its holdings increased 2.7%.

Business Younkers parent company to shut 40 stores
Author: 0 Younkers parent company to shut 40 stores

The company has about 260 stores under the Younkers, Bon-Ton, Bergner's and other names. News of the impending shutdowns follows the closing of seven stores in the past year. In the third quarter ended October 28, The Bon-Ton had a net loss of $44.9 million ($2.19 a share) compared to a net loss of $31.6 million ($1.58 a share) in the 2016 quarter.

Business Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks
Author: 0 Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks

The possibility of the fund selling $37 trillion in stocks was enough to send Europe's oil and gas companies into the red, putting an abrupt end to what had been a positive day of trading before the announcement. Norges Bank said: "The analyses show that oil and gas stocks are significantly more exposed than other sectors to movements in oil prices". Recently, Norway's fund has benefitted from an increase in oil prices.

Business Securities Analyst Recommendations: Rockwell Automation Inc. (ROK), The Walt Disney Company (DIS)
Author: 0 Securities Analyst Recommendations: Rockwell Automation Inc. (ROK), The Walt Disney Company (DIS)

It has outperformed by 27.69% the S&P500. Sanford C. Bernstein reiterated a "market perform" rating on shares of Rockwell Automation in a research report on Thursday, December 15th. First Mercantile stated it has 1,413 shares. Aperio Group has invested 0.14% in Rockwell Automation (NYSE:ROK). 2 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

Business Tokyo train company apologises for 20-second early departure
Author: 0 Tokyo train company apologises for 20-second early departure

Passengers on a morning train on the Tokyo region's Tsukuba Express line might not have noticed anything was amiss Tuesday. The train company just thought they'd apologise anyway. Baseel wrote . All aboard? A train company in Japan has said sorry after an intercity service departed 20 seconds early. "After that. I closed the door without checking the departure time sufficiently".

Business Koch brothers back bid to buy Time Inc
Author: 0 Koch brothers back bid to buy Time Inc

Talks failed earlier this year when Meredith couldn't secure necessary financing, a problem solved by the Koch's infusion of the $500 million, possibly signaling the conservatives' desire to get back into the media business, The Times reported.

Business Dubai Airshow 2017: Airbus announces $50bn MoU
Author: 0 Dubai Airshow 2017: Airbus announces $50bn MoU

The order is made up of 45 A320neos from a previously undisclosed purchase agreement made in 2014, and the firming up of a Memorandum of Understanding agreed at the 2017 Paris Airshow for 30 A320neo and 15 A321neo aircraft. It's known for unbundled fares in ultra-low-cost airlines, where passengers are offered cheap base prices with the option of paying more for extras. Airbus and US equity fund Indigo Partners have signed an MoU for the purchase of 430 A320neo Family aircraft for ...

Business Royal Mail warns union talks could hit performance
Author: 0 Royal Mail warns union talks could hit performance

Shares in Royal Mail Group (LON:RMG) have been little changed in London this morning , giving up earlier gains, as the privatised postal operator reported a rise in profits for the first half of its financial year. The group's UKPIL cost avoidance programme is on track to deliver around £190 million costs avoided this year. Shares rose more than four percent in early trading.

Business Nelson Peltz Claims P&G Board Seat Victory After Vote Recount
Author: 0 Nelson Peltz Claims P&G Board Seat Victory After Vote Recount

P&G said that Peltz now holds a 42,780-vote lead in the board race, which puts him ahead by 0.0016 percent of the vote. A subsequent count of the almost 2 billion votes cast now leaves Peltz with a winning margin , albeit a slim one. At the shareholder meeting last month, Procter & Gamble CEO David Taylor said he believed the vote rejecting Peltz was a sign that shareholders supported the company's direction.

Author: 0 Candriam Luxembourg SCA Raises Position in Procter & Gamble Company (The) (NYSE:PG)

The overall volume in the last trading session was 4.81 million shares. It is down 0.00% since November 14, 2016 and is. It has underperformed by 9.16% the S&P500. Moreover, Bluestein R H Company has 0.02% invested in Procter & Gamble Co (NYSE:PG). 190,014 were reported by Commonwealth Of Pennsylvania Public School Empls Retrmt.

Business Shock departure for planned GKN CEO
Author: 0 Shock departure for planned GKN CEO

Kevin Cummings, who had led GKN's aerospace division for nearly four years and was handed the top job in September, will leave with immediate effect, the Redditch, England-based company, which also has a major automotive division, said in a statement Thursday.

Business Hosking Partners LLP Purchases Shares of 225082 Wal-Mart Stores, Inc. (WMT)
Author: 0 Hosking Partners LLP Purchases Shares of 225082 Wal-Mart Stores, Inc. (WMT)

On November 10, 2017 Royal Bank Of Canada released a research note on WMT stating a rating of "Sell" and setting a price target of $83.00. Wal-Mart Stores now has an average rating of "Hold" and a consensus price target of $87.96. Shares for $193.96 million were sold by WALTON JIM C on Wednesday, May 24. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68.

Business Croatia Inflation Remains Stable In October
Author: 0 Croatia Inflation Remains Stable In October

Core inflation increased at a faster pace in October, rising by 12.14 percent, versus 12.12 percent in September. The National Bureau of Statis- tics, NBS, yesterday announced that the Consumer Price Index ( CPI ) which measure Inflation rate declined to 15.91 per cent Year-on-Year, YoY in October, 2017.

Business Thanksgiving travel predicted at highest level in 12 years
Author: 0 Thanksgiving travel predicted at highest level in 12 years

This also marks the eighth consecutive year of growth for Thanksgiving travel in MI as more people take to the nation's roads, skies, rails and waterways. The November average through Wednesday was $2.54, up 35 cents from the same period in 2016, according to AAA data. Another 3.95 million are expected to fly to their holiday destinations.

Business Philippines economy grows 6.9% in Q3
Author: 0 Philippines economy grows 6.9% in Q3

Government consumption in the third quarter rose 8.3 percent from a year ago, faster than the previous quarter's 7.1 percent, helping offset cooling household demand. "That begins to be a concern if we're persistently growing above potential", Espenilla told reporters. Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr.

Business HSBC's settlement ends proceedings against it - French prosecutor
Author: 0 HSBC's settlement ends proceedings against it - French prosecutor

HSBC bank is pictured in Geneva, Switzerland, November 8, 2017. The deal struck between the financial crime prosecutor's office and the bank is a first in France under a new procedure that allows companies under suspicion of corruption or dissimulation of tax fraud to negotiate a fine to stop a case from going to trial.

Business I have not watched 'Padmavati', says Prasoon Joshi!
Author: 0 I have not watched 'Padmavati', says Prasoon Joshi!

Shahid Kapoor essays the role of Maharawal Ratan Singh and Ranveer Singh plays Alauddin Khilji. The movie's December 1 release date also coincides with the counting of votes in the Uttar Pradesh local body elections, while the Islamic festival of Milad-un-Nabi is likely to fall on December 2, which is marked by large processions by the community.

Business WPI inflation touches 6-month high in October
Author: 0 WPI inflation touches 6-month high in October

The sharp fall in the value of the pound following the UK's vote to leave the European Union past year has raised the cost of imports and pushed up the rate of inflation. "Food prices rose fairly rapidly for the second month running, as the effect of the weaker pound continues to exert upward pressure on shelf prices, offset only slightly by a 0.4% fall in petrol prices", ING economist James Smith said shortly after the announcement.