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Fed poised to hike rates for 2nd time this year

The policymakers now expect their favored measure of inflation to come in at 1.6 percent this year, down from the 1.9 percent they expected in March and below their 2 percent target. Fed officials project growth of roughly 2 percent in 2017. There isn't much suspense about what the Fed will announce when its latest policy meeting ends Wednesday: That it's raising its key short-term interest rate for the third time in six months. Read More »

US oil production seen thwarting OPEC effort to boost prices

A rapid rise in USA shale oil output will contribute to the increase in non-OPEC supply next year, the IEA said. The decision by OPEC to extend oil production cutbacks until March 2018 was one of the most significant announcements this year, which is a remarkable indication of the serious commitment OPEC is undertaking in order to steady the rocking oil prices boat. Read More »

U.S. consumer prices dip 0.1 per cent in May

Bryant said the BoE's interest rate setters might choose to use a policy statement on Thursday to remind investors that they could move sooner to raise borrowing costs than the 2019 date that economists are mostly expecting. Data that will be released Wednesday will likely show that pay rose by 2% annualized over the three-month period to April. The ONS said one of the main drivers for inflation in May was the increased cost of package holidays overseas for British tourists who have to ... Read More »

China steel output climbs 1.8 pct in may from year before

The world's largest steel producer and consumer cut some 65 million tonnes of steel capacity in 2016 and aims to cut another 50 million tonnes of outdated capacity this year, not including low-quality steel. According to calculations from Reuters , growth in new construction starts almost halved from the levels reported in April, slowing to 5.2% from 10.1%. Read More »

Trump willing to testify under oath on Comey

The Justice Department responded late Thursday, saying that after consultations with department ethics officials Sessions recused himself because of his involvement in Trump's 2016 presidential campaign, "for that reason, and that reason alone". Read More »

Jaguar serves up the XF Sportbrake with help from Andy Murray

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The Germans don't need convincing of the Sportbrake's merits - the previous-generation version of the auto outsold the sedan model 60 percent to 40 percent there, but that enthusiasm for wagons isn't always reflected in other countries. The idea of this little wearable is that you can strap it on and forget about things like vehicle keys. Around back is obviously where it gets interesting. Read More »

UnitedHealth Group Incorporated (UNH)

Investors of this firm earned a return of -83.10% on the assets it owns in past twelve month. Tetrem Capital Management Ltd decreased Unitedhealth Group Inc ( UNH ) stake by 4.53% reported in 2016Q4 SEC filing. 135 funds opened positions while 411 raised stakes. 263.84 million shares or 1.88% more from 258.96 million shares in 2016Q3 were reported. After $2.37 actual earnings per share reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts 0.42% EPS growth. Read More »

Ameritas Investment Partners Inc. Buys New Position in Golar LNG Limited (GLNG)

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Clearbridge Investments LLC now owns 1,533,549 shares of the shipping company's stock worth $34,259,000 after buying an additional 345,000 shares in the last quarter. Dynagas LNG Partners had 10 analyst reports since August 27, 2015 according to SRatingsIntel. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Read More »

Abbvie INC (ABBV) Holder Bb&T Securities LLC Decreased Position

AbbVie Inc (AbbVie) is a research-based biopharmaceutical company. Robert W. Baird upgraded the stock to "Outperform" rating in Friday, August 12 report. Butensky Cohen Security Incorporated invested in 29,748 shares or 1.72% of the stock. Another trade for 4,092 shares valued at $208,381 was sold by Todd Paul M. Read More »

Trump Attacks Latest Court Ruling Against Travel Ban

The three-judge panel said, "Immigration, even for the President, is not a one-person show". President Trump's effort to restrict travel from six predominantly Muslim countries suffered another in a string of setbacks Monday when a second federal appeals court said it discriminated based on nationality and exceeded his authority. Read More »

Ensco plc (ESV) Closed at $5.98

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ENSCO PLC accounts for approximately 1.7% of Van Den Berg Management I Inc.'s investment portfolio, making the stock its 24th largest position. Hedge funds and other institutional investors own 91.75% of the company's stock. However a year ago for the same quarter the company has reported $0.79 EPS. Ensco Plc had a net margin of 28.32% and a return on equity of 3.07%. Barclays PLC reissued a "sell" rating and issued a $8.00 price target on shares of Ensco Plc in a research report on ... Read More »

Sanders says shooter was volunteer on campaign

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On March 22, he posted Change.org petition calling for the impeachment of President Trump, adding: "Trump is a Traitor". The other profile has a profile photo with an image of Bernie Sanders as Uncle Sam. Rep. Jeff Duncan (R-South Carolina) also said he spoke to Hodgkinson briefly before the shooting began. He described him as a "very mellow, very reserved", and "quiet guy". Read More »

Sizzling Stock Alert: Marathon Petroleum Corporation (MPC)

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For the last quarter, the stock has performed -20.33%. Shares of CSX Corporation (CSX ) are trading -2.16% downward from the 52-week high mark and 120.51% above from the fifty two-week low mark. Longbow upgraded the stock to "Buy" rating in Monday, October 5 report. It also upped Mcdonalds Corp (NYSE:MCD) stake by 3,750 shares and now owns 36,366 shares. Read More »

Sales lift profits for Zara owner Inditex by 18 percent

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Earnings prior to interest, tax, depreciation and amortization or EBITDA reached €1.1 billion which was up 17% compared to the same period one year ago and above average estimates. From 1 February to 3 June 2017, sales in constant currency terms increased by 12%. It has 7,385 stores. CEO and Chairman at Inditex Pablo Isla, declined to given any elaboration when he was asked during a conference fall about the trading trends. Read More »

London tower fire: What do we know?

Picture: Victoria Jones/PA Wire/PA Images Smoke billowing from a fire that engulfed the 24-storey Grenfell Tower in west London . "You really hope they got away but I feel deep down they didn't". Residents said repairs had been made recently to the exterior of the block. A blaze broke out in the early hours in the tower block. Neighbors streamed into the center with food. Read More »

Cosby arrives for Day 3 of jury deliberations

Cosby, 79, is accused of drugging and sexually assaulting Andrea Constand at his suburban Philadelphia home in 2004. The post Jury in Cosby trial to deliberate for third day after failing to reach a verdict appeared first on The Independent Uganda: . Read More »

The Getty Realty Corp. (GTY) Rating Increased to Buy at ValuEngine

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It also reduced Felcor Lodging Trust Inc (NYSE:FCH) stake by 64,536 shares and now owns 65,482 shares. Texas Permanent School Fund holds 0.09% of its portfolio in Duke Realty Corp (NYSE:DRE) for 258,694 shares. Burney Co owns 24,006 shares for 0.28% of their portfolio. Mackenzie holds 0% or 7,530 shares. Since February 22, 2017, it had 1 buy, and 3 insider sales for $326,912 activity. Read More »

London fire: baby dropped from 10th floor caught by man on ground

A structural engineer has assessed the building and it has been deemed safe for fire crew to continue search and rescue efforts . The blaze at Lakanal Flats, off Dalwood Street in Camberwell in 2009, killed a three-week-old baby, two children aged three and six, and three adults. Read More »

EU's Juncker says no Paris climate deal renegotiation

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Trump's representative at the meeting, Scott Pruitt , the head of the Environment Protection Agency, was unrepentant, insisting U.S. action spoke louder than words. Two billion dollars may sound small in the scheme of global development, but climate finance experts say such a commitment goes further than meets the eye . Read More »

Retail sales fall broadly in May, still up 4% Y/Y

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The nonstore retailers category (Amazon and other e-commerce sellers) saw a 0.8% increase from April. Over the past year, retail sales have risen a solid 3.8 percent. Americans cut spending at gas stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy. Read More »

United Kingdom squeeze tightens as wages grow at slowest pace in two years

But more recent data showed the employment market softening, with the ONS's claimant count rate, measuring the number of people claiming jobless benefits in the month of May, up 7,300 after a 22,000 increase a month before. That means after adjusting for inflation wages fell by 0.6 per cent. This doesn't bode well for economic growth - the United Kingdom economy is heavily reliant on the consumer and falling real incomes will eventually translate into lower retail sales . Read More »

May working to fill out ranks of minority government after disappointing election

She needs 18 more seats, with only 17 more seats left to declare. The DUP itself said only that it would enter talks and it was not immediately clear what its demands might be. The results confounded those who said the opposition Labour Party's left-wing leader, Jeremy Corbyn, was electorally toxic. Meanwhile, the Labour Party is waiting in the wings to form a minority government should Mrs May fail to deliver. Read More »

Puerto Rican voters support statehood in criticized referendum

Rosselló said on Sunday night. Becoming a state would give Puerto Rico more say in Congress and more money for the USA government. He argued that Puerto Ricans are "claiming our equal rights as American citizens". lawmakers have the ultimate say over the territory's affairs. "We're aiming to change that and of course, from my perspective, I'd want Puerto Rico to become the 51st state of the nation". Read More »

London fire: fatalities recorded as blaze engulfs tower block, 50 hospitalized

Some people were trapped in the fire, with residents desperately shouting for help from windows on upper floors as the fire spread, some British media reported. She said: "People were starting to appear at the windows, frantically banging and screaming". Is there anything people can do to help? The 24-story apartment block was still engulfed in thick black smoke Wednesday morning some 10 hours after a fire first broke out . Read More »

Oil prices fall as OPEC output, US crude stockpiles rise

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USA crude futures fell by 1% to trade at $45.97 a barrel after the report was released. Even a fresh agreement in May, between the OPEC and participating non-OPEC producers, failed to lift price. Until a few days ago, the 1,082-foot ship, chartered by Royal Dutch Shell, was steaming at 13 knots toward the Chinese port of Tianjin after loading a 2 million-barrel cargo of North Sea oil at the Hound Point terminal near Edinburgh. Read More »

Donald Trump: Happy to Speak 'Under Oath' to Refute James Comey

That's a major blow to Sessions's credibility, and a spur to further investigations by Congress and journalists. "Frankly, James Comey confirmed a lot of what I said", Trump said, "and some of the stuff he said just wasn't true". Kennedy - the agency's latest denial may not necessarily rule out the possibility of a separate recording system, according to The Journal. US intelligence agencies have said Russian Federation stole private emails and other documents from Democrats and released ... Read More »

Zurzolo Sells 6424 Shares of The Cheesecake Factory Incorporated (CAKE) Stock

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KRANSDORF JEROME I also sold $773,653 worth of Cheesecake Factory Inc (NASDAQ: CAKE ) on Tuesday, March 7. 3,444 Cheesecake Factory Inc (NASDAQ: CAKE ) shares with value of $212,288 were sold by SLOMANN CHERYL. Gamco Investors Inc Et Al sold 183,862 shares as Cheesecake Factory Inc ( CAKE)'s stock declined 4.69%. Telsey Advisory Group raised their price objective on shares of The Cheesecake Factory from $61.00 to $66.00 and gave the stock an "outperform" rating in a report on ... Read More »

Marissa! Mayer! out! as! Yahoo!-Verizon! closes

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Given the changes to Marissa Mayer's role as Yahoo chief executive, she has chosen to resign. This tough task falls squarely on the shoulders of Tim Armstrong , the AOL boss who is now CEO of Oath . Yahoo's web assets will be placed under a new unit at Verizon known as Oath . The $4.8 billion purchase of Yahoo , one of the oldest existing internet brands, had always been expected before the announcement in 2016. Read More »

Analysts See $-0.80 EPS for ON Semiconductor Corp (ON)

Now the shares of ON Semiconductor Corp. The stock price decreased -2.30% or $0.37 versus $16.10 at the end of the prior session. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Read More »

Carclo plc (CAR) Given New GBX 200 Price Target at Peel Hunt

As per Tuesday, June 14, the company rating was maintained by Peel Hunt. KeyBanc Capital Markets upgraded the stock to "Overweight" rating in Tuesday, January 5 report. for 1,500 shares. New York-based Tiaa Cref Investment Mngmt Limited has invested 0.01% in Owens-Illinois Inc (NYSE:OI). Blackrock Japan Limited owns 1,365 shares. Read More »

US College Student Released By North Korea Home, But In Coma

In March 2016, North Korea's highest court sentenced Warmbier to 15 years in prison with hard labor for subversion as he tearfully confessed that he had tried to steal a propaganda banner. Hours after the release, the USA government blamed Pyongyang for a raft of cyber attacks stretching back to 2009, while warning more were likely. That would be grounds in North Korea for a subversion charge. Read More »