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Uber to pay P190-M fine this week - LTFRB spokesman

Uber to pay P190-M fine this week - LTFRB spokesman Cat Avelino, Uber Philippines communication head, said in a text message they are "working hard to meet the conditions for the lifting of the suspension". "The payment of a hefty P190-million penalty as a pre-condition before it can resume operations should be enough to make Uber rethink its actions and reevaluate its strategy in testing the extent of government regulations", said Poe in a stateme... [Full Article...]

Mexico and Japan clash for berth in LLWS championship game

Mexico and Japan clash for berth in LLWS championship game Mexico is two wins away from claiming its fourth Little League World Series title, but it has to go through powerhouse Japan and one of the two remaining US teams to accomplish that feat. Four different players have hit home runs and 11 of Lufkin's 13 players have scored at least one run in the tournament. "Once one of our hitters got a home run off of him, we believed we could hit off him". [Full Article...]

Hurricane Harvey victims: Here is what you can do to help

Hurricane Harvey victims: Here is what you can do to help The hurricane made landfall late Friday, but was downgraded to a tropical storm Saturday afternoon . Some areas are now under mandatory evacuation orders. He said he expects the coming days to be tough, especially if Harvey passes back through the area, as some forecasts predict. Texas and Louisiana declared states of disaster before Harvey hit, authorizing the use of state resources to p... [Full Article...]

Wall St rises modestly on Yellen speech

Wall St rises modestly on Yellen speech The current interest rate gauge of 1-1.25 percent, coupled with feeble economic growth is unacceptable, as the president repeatedly emphasized, as it requires greater government participation in the economy and thus is fuelling corruption. After falling as low as $1.2386 after the USA numbers, the pound recovered ground to trade 0.59 percent higher on the day at $1.2876. It waited another year b... [Full Article...]

Marshall Wace LLP Buys New Stake in Marathon Petroleum Corporation (MPC)

The stock of Marathon Petroleum Corp (NYSE: MPC ) earned "Buy" rating by Credit Suisse on Thursday, July 13. The forecast of 18 surveyed investment analysts covering the stock advises investors to Buy stake in the company. In the latest earnings report the EPS was $-7.84 and is projected to be $-0.44 for the current year with 849,834,000 shares now outstanding. Amp Capital Invsts Ltd reported 329,... [Full Article...]

Ford And Zotye To Team Up Over EVs In China

Ford And Zotye To Team Up Over EVs In China Therefore, the company is looking to get a strong foothold in this market by forming a joint venture with Anhui Zotye Automobile - now the market leader in the domestic compact electric auto market - and developing an all-new zero-emissions vehicle. [Full Article...]

Real Estate Credit Investments Ltd to Issue Dividend of GBX 3 (RECI)

Real Estate Credit Investments Ltd to Issue Dividend of GBX 3 (RECI) About 380,111 shares traded. The share of Pennsylvania Real Estate Investment Trust (PEI ) now has a value of $10.22 while the company's 52 week low is at $9.84, the shares dropped to the 52 week low on 08/18/17. Therefore 25% are positive. Cooper-Standard had 12 analyst reports since November 6, 2015 according to SRatingsIntel. N/A analysts have a Hold rating on the stock, and N/A are offeri... [Full Article...]

Hurricane Harvey downgraded to Category 1 storm, 'catastrophic' flooding expected

Hurricane Harvey downgraded to Category 1 storm, 'catastrophic' flooding expected Almost 300,000 customers are without power after Hurricane Harvey hit the coast near the town of Rockport just before 10 p.m. Friday night. Katrina alone killed an estimated 1,200 people. "City, State and Federal Govs. working great together!" he added. Wary of any accusation of complacency, Trump said he was fully engaged with relief efforts. [Full Article...]

Were Analysts Bearish Melrose Industries PLC (LON:MRO) This Week?

Were Analysts Bearish Melrose Industries PLC (LON:MRO) This Week? Peel Hunt maintained the shares of GYM in report on Wednesday, May 11 with "Buy" rating. As per Tuesday, February 14, the company rating was maintained by UBS. Morgan Stanley holds 0% or 125,363 shares. Smith & Nephew plc is a medical technology company. Strs Ohio invested in 22,500 shares or 0% of the stock. [Full Article...]

Fed Chief Yellen Warns Against Dismantling Bank Regulations

The dollar fell sharply against the euro after Yellen, appearing at an annual summit of central bankers in Jackson Hole, Wyoming, avoided monetary policy in remarks that defended tougher regulations on banks. That might keep the Fed from raising rates any more this year given the recent softness in inflation. U.S. stocks rose on Friday (Aug 25), with petroleum-linked shares lifted by energy outa... [Full Article...]

Oil up as USA rigs and refineries brace for hurricane

Oil up as USA rigs and refineries brace for hurricane Oil prices fell almost 3 percent on Thursday amid concerns over demand as U.S. Gulf Coast refineries shut operations as Tropical Storm Harvey was forecast to turn into a major hurricane. Just under 10 percent of offshore U.S. Gulf of Mexico crude output capacity and almost 15 percent of natural gas production had been halted by midday on Thursday, government data showed. [Full Article...]

Exxon Mobil Corporation (XOM) -3.12% away from 20 SMA

It has underperformed by 25.78% the S&P500. Therefore 50% are positive. Gilead Sciences had 80 analyst reports since July 29, 2015 according to SRatingsIntel. Forbes J M Ltd Liability Partnership holds 157,856 shares. Zacks Inv Mgmt owns 552,153 shares or 1.43% of their U.S. portfolio. The rating was upgraded by Bank of America to "Buy" on Thursday, May 11. [Full Article...]

Fiat Chrysler Automobiles NV (NYSE:FCAU) RSI Hits Key Level

Fiat Chrysler Automobiles NV (NYSE:FCAU) RSI Hits Key Level The following firms have also recently changed their position in FCAU. As of quarter end Vanguard Group Inc had sold 38,358 shares trimming its position 15.1%. Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. [Full Article...]

S&P 500 Futures Rise After Yellen's Jackson Hole Speech

S&P 500 Futures Rise After Yellen's Jackson Hole Speech Fed Chair Janet Yellen addressed financial stability on Friday, in what could be her final Jackson Hole speech as central bank chief. "Dollar bears and euro bulls are hoping for Yellen to sound cautious on low USA inflation and for Draghi to provide more clues to the ECB's strategy to exit stimulus", DBS Group Research analysts said in a client note Friday. [Full Article...]

Wall St opens higher on tax reform talks, Yellen speech eyed

Overhanging Yellen's speech was the possibility that it marks her final appearance in Jackson Hole as Fed chair. Ms Yellen's comments will be seen as especially controversial because President Trump is now deciding whether to re-appoint her when her present term of office ends in February next year. [Full Article...]

Stocks rise, USA dollar eases as Yellen omits policy

Observers will be watching closely to see whether Draghi gives any sign of when the European Central Bank may wind down a bond-buying stimulus program put in place after the crisis. The president, who has vowed to "do a big number" on the Dodd-Frank law at the centre of banker complaints, is backing calls from executives on Wall Street and Republicans in Congress for looser financial regulations... [Full Article...]

USA far-right group cancels San Francisco weekend rally

USA far-right group cancels San Francisco weekend rally The "free speech" rally, which had attracted controversy since deadly violence broke out at a white nationalist rally in Charlottesville, Virginia earlier this month, had led to massive preparations by San Francisco officials and police. Police in both California cities traditionally have given demonstrators a wide berth, even when rallies in recent years turned violent as protesters from both... [Full Article...]

Renault confirms McLaren talks, but says situation now 'very quiet'

Renault confirms McLaren talks, but says situation now 'very quiet' Cyril Abiteboul has confirmed that Renault held talks with McLaren over a Formula 1 engine supply for the 2018 season, but ruled out supplying a fourth team. The opportunity had opened up due to Toro Rosso and Honda holding initial talks about a potential supply for 2018, but no deal was agreed. "What I would say is we would be very supportive of Honda having a relationship with Toro Rosso and hav... [Full Article...]

Going Through the Chart for The Michaels Companies, Inc. (MIK)

Insider ownership is at a value of 0.20%, while institutions brings a the ownership of institutions to 66.50%. The Michaels Companies also updated its FY18 guidance to $2.11-2.16 EPS. The company posted a net income of $35.6 million, or an EPS of $0.19, 11.8 percent increase from $0.17 year over year, and beating an estimate of $0.16 by Thomson Reuters analysts. [Full Article...]

Oil Markets Volatile As Industry Prepares To Be Hit By Hurricane Harvey

However, the data "reinforces this theory that even amid this downturn, crude production in the U.S.is ticking higher or stable". Ultimately, I think that the market will probably go looking towards the $46.50 level below. Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal chang... [Full Article...]


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