Sunday February 19-th, 2017

ECB Chief Draghi to Germany: Calm Down, Yo

No change in monetary policy is expected at today's meeting. In Germany, for example, the inflation rate rose from 0.4 per cent in July to 1.7 per cent in December. But should any of those downside risks materialize and put our inflation target at ...

Avaya Files Chapter 11 Bankruptcy, Won't Sell Call Center Business Avaya Files Chapter 11 Bankruptcy, Won't Sell Call Center Business

Avaya says that the sale of its Contact Center business is not being considered as a way to restructure its balance sheet, but that it is in discussions to possibly sell off other assets. "Reducing the Company's current debt through the chapter 11 ...

China industrial production up 6% in 2016

China's economy ended 2016 on a positive note, supported by consumer spending and a booming property market, and remained a key engine for global economic expansion. Chinese leaders say they will make the economy more competitive and productive by op...

How Does Whiting Petroleum Corporation (WLL) Stack Up Right Now?

Currently, Occidental Petroleum Corporation (NYSE:OXY) has an FCF score of 1.087961. (NYSE:WPX) closed session up at $14.17 with 0.43%. Current price places the company's stock -4.78% away from its 200-day simple moving average, -1.21%, away from t...

Labor Department suit claims Oracle paid white men more than others

The suit also accused Oracle of favoring Asian workers for product development and technical roles. The DoL has filed a lawsuit [PDF] with the US Office of Administrative Law Judges alleging that Oracle's pay grades violate the labor bod's rul...

Economy Watch: Inflation Edges Up, Fed Says Labor Markets Tightening Economy Watch: Inflation Edges Up, Fed Says Labor Markets Tightening

The greenback's sell-off on Tuesday came following Donald Trump's speech where he remarked how the United States currency's solid gains were becoming a huge disadvantage to the country especially when it comes to its Chinese trade deals and also hi...

Seahawks could lose 2nd round draft pick over non-disclosure of Sherman's injury Seahawks could lose 2nd round draft pick over non-disclosure of Sherman's injury

I don't even remember what game it was, it was somewhere in the middle, he was fine about it, he didn't miss anything. The same with Russell (Wilson), he was fine about it. So what happens next? It goes back to what Mike Florio said in his opinion p...

Why Shares of Pearson PLC Tumbled Today

In a statement, Pearson said they still expected to hit the profit guidance given for 2016, despite an 8 percent fall in revenue. In October 2012, Penguin group, renowned publishing brand owned by media conglomerate Pearson Plc agreed to merge its ...

Theresa May seeks to convince business UK won't close doors

She said, however, that Britain would seek the "greatest possible" access to the single market and the customs union. Meanwhile, Ireland's central bank has had over 100 inquiries from United Kingdom financial firms considering moving operations as ...

Tribunal allows SBI-led consortium's plea to recover dues from Mallya Tribunal allows SBI-led consortium's plea to recover dues from Mallya

Mallya has been on the run since 2 March, 2016, after the businessman moved to United Kingdom in order to avoid being booked in his home country for duping lenders worth over Rs 9,000 crore. Separately, the Enforcement Directorate is also pursuing th...

Most Desiring Stocks- Reynolds American Inc. (NYSE:RAI), Coach, Inc. (NYSE:COH) Most Desiring Stocks- Reynolds American Inc. (NYSE:RAI), Coach, Inc. (NYSE:COH)

Reynolds American Inc . (NYSE:RAI) shares now have a mean rating of 2.40 while 4 analysts have recommended the shares as "BUY", 3 commented as "OUTPERFORM" and 3 commented as "HOLD". The shares were sold at an average price of $54.54, for a total tra...

American Airlines announces no-frills Basic Economy fare American Airlines announces no-frills Basic Economy fare

American is joining Delta and United airlines in announcing lower-tier fares to attract budget-conscious consumers that now opt to fly ultra-low-fare airlines such as Spirit and Frontier. And it allows them to better compete with budget carriers, ...

Vegemite Goes Home: Oreo Maker Sells to Australia's Bega

Vegemite, the salty spread beloved in Australia, is being sold by the maker of Oreo cookies to an Australian dairy company. The deal will be fully funded by Bega's existing A$500 million banking facility and is expected to boost earnings by A$40-...

Biden calls Russian Federation biggest threat to worldwide order

Vice President Joe Biden cautioned leaders at the World Economic Forum Wednesday against letting the "liberal, global order... collapse ". "Simply put, Mr. At the weekend, Joe Biden paid his last visit to Kyiv as US vice president. "We consi...

Citigroup (C) Q4 Earnings Beat Driven by Higher Trading, Lower Costs Citigroup (C) Q4 Earnings Beat Driven by Higher Trading, Lower Costs

It was initially unclear whether the earnings Citi reported were adjusted. Citigroup's revenue from fixed-income trading rose about 36 per cent, while equity trading revenue rose about 15 per cent, pushing up total markets and securities services r...

Arrow 3 anti-ballistic missile system transported to IAF

In face of the growing missile threats to Israel, the Israel Missile Defense Organization (IMDO) transferred the operational Arrow-3 interceptors to the Israeli Air Force, putting it one step closer to implementation. "Arrow-3 is the result of many y...

Fed funds rate headed towards 3% over medium-term, Yellen says Fed funds rate headed towards 3% over medium-term, Yellen says

The nation is near full employment and the economy is close to the inflation targets of the Federal Reserve, the Fed Bank's chairwoman, Janet Yellen, said Wednesday during a speech in San Francisco. In that scenario, we could be forced to raise int...

HP Enterprise buys USA software startup for $650 mn HP Enterprise buys USA software startup for $650 mn

The big surprise to much of the Street is the purchase price: it is below the $1 billion valuation the company had last held and also below the $3 billion to $ 4 billion deal price that had been rumored in the media a year ago. The rating was initia...

The new Donald Trump waxwork unveiled at Madame Tussauds is unnervingly lifelike The new Donald Trump waxwork unveiled at Madame Tussauds is unnervingly lifelike

President. According to Madame Tussauds Washington, the finished figure took 20 artists six months to create. Mr. Trump is the first president to have already had a famed Madame Tussauds wax figure. All they would reveal is that "The figure i...

Rolls-Royce in £671m bribery settlement

The biggest payment-to be paid over five years-will be to the United Kingdom government, totaling £497 million (US$602 million), plus interest, in addition to a payment to cover costs. Citywire quoted Jefferies' Sandy Morris as saying that "while sli...

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