Thursday, 18 July 2019
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A huge tax cut for guys like me

Buffett said Saturday that health care costs have gone up incredibly, and are expected to continue increasing. "I thought it would do better in the six years that have elapsed than it has", Buffett said of International Business Machines Corp. Read More »

At least 9 flights canceled Monday by airline at Florida airport

All of a sudden, one particular flight got canceled, and a mob ensued up here at the front counter, in front of everyone else who had been waiting in line. Now, Spirit Airlines is being added to the ever-growing list of companies that are causing chaos at airports. Video showed people falling down fighting as security officials tried to restrain them. Read More »

Oil steadies, but rattled by concern about OPEC's clout

U.S. West Texas Intermediate crude was up 29 cents, or 0.6 percent, at $46.17 a barrel. Brent and USA light crude futures contracts closed on Tuesday at their second lowest levels since November 29, the day before OPEC announced it would cut output in the first half of 2017. Read More »

Wal-Mart close to settlement with US over alleged bribery


Godsey And Gibb Assoc holds 0.2% in Wal-Mart Stores Inc (NYSE:WMT) or 15,635 shares. Meridian Mgmt owns 25,318 shares or 1.04% of their USA portfolio. While taking a look at financials, we can look at a number of key indicators about Wal-Mart Stores, Inc. Newer companies are less likely to pay dividends because they don't have a long record of profits and they are more likely to use their profits to pay for further growth of the company. Read More »

Tunnel collapse latest safety issue at nuclear site

The AP reports no workers were in the tunnel at the time of collapse. The US Department of Energy, which oversees the country's nuclear facilities, told CBS that construction by nearby road crews may have been the cause of the collapse. Read More »

Blixt-Smith tandem widens lead at windy Zurich Classic


Despite Smith and Blixt taking a four-shot lead on Saturday, the Americans led for most of Sunday after recording birdies on their first eight holes. "We have the same mindset", Blixt said. The two teams had tied at 27-under-par 261 in regulation, forcing the sudden death playoff. Hoffman and Watney managed a 68 and wound up in a six-way tie for fifth place at 269 with the teams of Jason Dufner-Patton Kizzire (63), Brooks and Chase Koepka (62), Bubba Watson-J.B. Read More »

WJLA owner to buy WDCW owner in $3.9B deal

Sinclair also will assume about $2.7 billion in debt. Tribune Media Company, the parent company of WNEP-TV, will be acquired by Sinclair Broadcast Group , according to a news release issued Monday. Currently, a media company can own multiple TV stations as long as its market share doesn't exceed 39% nationwide. Sinclair now operates 171 TV stations in 81 markets, mostly in the South and Midwest. Read More »

Crude Oil Prices Consolidate Ahead Of Inventories Data


With oil prices dropping back under Dollars 50 a barrel last week there has been renewed pressure on OPEC members and Russian Federation whether they will extend their production cuts at a meeting in Vienna on May 25. He said oil prices would probably rally "but the recovery won't be a straight line". On the demand side, China's crude oil imports in April eased by nearly 9 percent from March to 8.37 million bpd, although this was largely due to refinery maintenance. Read More »

Crude prices hit 5-month lows as glut fears weigh

After dipping below $44 Friday, futures pared some of this week's 6.5% plunge. Opec and other oil nations are meeting on 25 May where they will discuss the success of the six-month cutback and whether it should be deepened. Total volume was nearly double the 100-day average. US energy company shares fell along with crude on Thursday. Brent for July settlement rose 63 cents to $49.01 after slumping as much as 3.6% earlier on the London-based ICE Futures Europe exchange. Read More »

Delaware trooper fatally shot outside convenience store

He died at the scene. Police say a suspect is holed up in a house about 15 miles south of the shooting scene and has fired on officers there. He never had the chance to pull his weapon or return fire, authorities said. Nathaniel McQueen choked up several times as he explained how Ballard approached the parked auto and was shot by Sealy. The driver was arrested Wednesday at the scene and Sealy, who fled, was fatally shot by police Thursday after a lengthy standoff. Read More »

Warren Buffet regrets missing out on Google and Amazon

Buffett said flawed compensation is also a problem for hedge-fund managers, arguing that people would be better off sticking their money in a low-priced index fund. "I think Apple is much more of a consumer-products business" with skill at finding opportunities that are hard for rivals to duplicate. Buffett had harsh words for Wells Fargo & Co managers who failed to respond promptly to a sales practices scandal that cost the then-chief executive officer his job previous year. Read More »

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Analyst Coverage

Parametric Portfolio Associates LLC now owns 29,898 shares of the real estate investment trust's stock worth $592,000 after buying an additional 705 shares during the last quarter. The legal version of this piece of content can be viewed at Read More »

Grassley statement on the termination of FBI Director James Comey

A look at key moments in Comey's tenure and the lead-up to Trump's decision to fire him. "Earlier this afternoon, President Trump called me and informed me he was firing Director Comey". "But Donald Trump's decision to fire him now, in the midst of an investigation into Trump associates and their ties to Russian Federation, is outrageous", he said. Read More »

Inland Rail given $8.4bn green light from Federal Budget


NSW Deputy Premier John Barilaro has welcomed the federal government's continued contribution to Inland Rail and investment in regional infrastructure. Infrastructure Minister, Darren Chester, described the initiatives as "a transformational next step in the Coalition Government's record investment in infrastructure - improving connectivity, productivity and liveability in our cities and regions". Read More »

North Korea Accuses CIA of Trying to Assassinate Kim Jong Un

South Korea has said the North retains rocket artillery systems with the units, including the weapons that were used to attack the South Korean island seven years ago. The U.S. Embassy in Seoul was not immediately available for comment. Tensions on the Korean peninsula have been high for weeks , with North Korea poised for a potential sixth nuclear test or a test-launch of another ballistic missile in defiance of UN Security Council resolutions. Read More »

Democrats once blamed Comey; now they're defending him

The Republican president said he fired Comey, the top US law enforcement official, over his handling of an election-year email scandal involving then-Democratic presidential nominee Hillary Clinton. Mr Trump tweeted recently. In Trump's letter to Comey, the president said, "You are hereby terminated and removed from office, effective immediately". Read More »

Buffett 'blew it' by not buying stock in Amazon and Google

Buffett did lavish much praise on top insurance executive Ajit Jain, who some investors believe could be that successor. Buffett said rising health care costs are crippling the competitiveness of US companies overseas. Over the next several years, Buffett routinely added to Berkshire's IBM stake. On the methane emissions proposal from shareholder Marcia Sage, Berkshire said its gas pipeline and other units have already taken steps to reduce emissions, and that a separate report was ... Read More »

Apple CEO Cook Discloses $1 Billion Advanced Manufacturing Fund

No other company in the world pays more to investors in dividends than Apple Inc . The results beat analysts' estimates of selling 42.31 million iPhones. The company forecast total revenue of between $43.5 billion and $45.5 billion for the current quarter, while analysts on average were expecting $45.60 billion. Read More »

Toyota's annual profit drops for first time in five years


The Japanese auto giant, which lost its crown as the world's top-selling carmaker to Germany's Volkswagen (VW) in 2016, said Wednesday that sharp gains in the yen at the start of its fiscal year were partly to blame for the slowdown. A rate hike tends to lift the dollar against other currencies, including the yen. The US auto market is also declining faster than expected after peaking previous year, resulting in higher incentive costs for many carmakers worldwide. Read More »

ITV ad revenues to slump for whole of first half


Total revenue during the quarter ending March 31 came in at £731 million ($950 million), down from £755 million ($982 million) in the same period past year. "Online, Pay & Interactive continued to grow strongly driven by increased demand for online advertising, up 22%". ITV plc, Britain's biggest listed free-to-air broadcaster, cautioned on slowing advertising revenues in the first half of the year, heaping further pressure on European media stocks. Read More »

Morses Club PLC (MCL) Stock Rating Reaffirmed by Shore Capital


About shares traded. Planet Fitness Inc (NYSE:PLNT) has risen 2.95% since September 29, 2016 and is uptrending. It has outperformed by 22.94% the S&P500. Its down 13.22% from 95,300 shares previously. Numis Securities maintained it with "Hold" rating and GBX 879 target in Thursday, July 28 report. The stock of Foresight Energy LP (NYSE:FELP) has "Market Perform" rating given on Wednesday, December 9 by Cowen & Co. Read More »

#Brexit: EU-27 finalize stance on negotiations


EU Brexit negotiator Michel Barnier hopes to complete the first phase of talks on Britain's departure from the bloc by the fall of this year, German Chancellor Angela Merkel said Saturday. "It is only then that we will be able to conclude the negotiations, which means that our unity is also in the UK's interest", the former Polish premier told reporters. Read More »

800 jobs to go in Standard Life/Aberdeen merger


The merger is aimed at creating cost savings that could add up to £200 million per year. The deal, which is expected to close in mid-August, would complete the transformation of Standard Life's business from a traditional insurer into an investment powerhouse able to challenge global fund management groups. Read More »

United States senators seek insider trading investigation of Icahn


The White House is considering the proposal. But if anyone is zealous and fearless enough to take on Uncle Carl, it's the Bindi Irwin of the US Senate; Elizabeth Warren . The SEC declined to comment while the CFTC and the EPA did not return calls to comment. The investments resulted in a $50 million turnaround from Icahn's initial investment, the senators alleged in their letter. Read More »

Coach to acquire handbag company Kate Spade for $2.4bn

Coach's chief financial officer Kevin Wills said that due to the complementary nature of the respective businesses, they reckon they can realise a run rate of around $50m in synergies within three years of the deal closing. "We know Kate Spade is a strong brand - fun, feminine - and it's attracting a growing share of the millennial consumer". We continue to believe KATE has a long global growth runway ahead with opportunities for store growth overseas, further expansion into non-handbag ... Read More »

Financial Analysis of: Carrizo Oil & Gas Inc. (CRZO)

The oil and gas producer reported $0.18 earnings per share (EPS ) for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. Iv Johnson sold 6,000 shares of the stock in a transaction on Wednesday, April 5th. Mutual of America Capital Management LLC raised its stake in Carrizo Oil & Gas by 0.7% in the first quarter. Read More »

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) To Release Earnings


Twelve analysts surveyed by Zacks expected $146.6 million. Teton Advsrs holds 0.08% in Carrizo Oil & Gas Inc (NASDAQ:CRZO) or 20,600 shares. The oil and gas producer reported $0.44 earnings per share (EPS ) for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.13. Read More »

Gold futures rise slightly as equities traded lower


Platinum was 1.4 per cent lower at US$903.50 and palladium was down 1.3 per cent at US$796.50 an ounce. "At that point, we should see some decent buying set in, as a roughly 10% correction from the highs should make holding the precious metal a more attractive risk-reward proposition". Read More »

S'Arabia May Extend Oil Cuts Till Dec - Minister


Even at current production levels, OPEC is losing market share to US producers, according to Rats, as its output is declining while USA output is growing. Despite the stronger trend, analysts said the market remained under pressure after a build in gasoline stocks in the USA which partially offset the fall in crude inventories. Read More »

Oil prices back in the $40s, sink to 5-month low


The markets, however, viewed the report as negative and crude oil prices dropped close to the trendline support at $47 per barrel. -Caterpillar and Chevron led declines in the Dow Jones Industrial Average, with losses that topped 1.9 percent. Read More »

Warren Buffett's one-word answer for why he hasn't purchased Amazon shares

While Munoz " apologized many times", his first response could have been a bit more proactive than just a simple apology, as "your first reaction is going to get a lot of attention", Buffett said. Buffett said at Saturday's annual meeting that it's crucial his successor have what he calls a "money mind". Buffett plans to play bridge with shareholders at Borsheims. Read More »

Gov't relaxes salt, whole grain standards for school meals


Karina Knights, one of the few registered dieticians in the Sacramento area focused on children's nutrition, said most health professionals supported Obama's campaign, but acknowledges that schools and even parents had mixed reactions. The nutritional changes are much less dramatic than is the reaction to them. According to the U.S. Department of Agriculture , school food requirements cost school districts and states an additional $1.22 billion in 2015. Read More »

Spurs overcome Leonard injury, Harden to beat Rockets in OT

Game 4 wasn't as much fun as the other three games, but still featured plenty of highlights. They were in transition. Besides, it wasn't a paint-oriented game, given Houston's 19-of-43 shooting from 3-point range. Houston Rockets center Nene Hilario (42) smiles after making a basket agains the Oklahoma City Thunder in the first half in game five of the first round of the 2017 NBA Playoffs at Toyota Center. Read More »