Business

Dividend plays on slippery ground as bond yields steepen

Dividend plays on slippery ground as bond yields steepen It's healthy and normal for equity markets to experience pullbacks - average annual drawdowns in any given year can easily exceed 10% (historically the average largest intra-year decline for the S&P 500 would be around 13%, for example) and on average still deliver positive total returns on a full year basis. [Full Article...]

No Nominations Filed For Nagaland Assembly Polls: Chief Electoral Officer

No Nominations Filed For Nagaland Assembly Polls: Chief Electoral Officer The BJP had already announced that it would contest the poll and announced a list of 20 candidates while the NCP has declared names of six candidates. The NPF has declared that it will contest 58 seats out of the 60 seats in the state assembly. In Dimapur, only Jacob Zhimomi contesting on BJP ticket from Ghaspani-1 AC, had filed nomination by 3 pm today. [Full Article...]

BP records 'one of the strongest years'

BP records 'one of the strongest years' The group also said that 2017 saw a reduction in the number of process safety events for the fifth year running. "The a year ago was one of the strongest in the BP's recent history", said the CEO of BP, Bob Dudley . Full-year production rose 12% to 2.47-million barrels per day (bpd) after BP launched seven new oil and gas fields in 2017, a record year. BP invested $90 billion in the United ... [Full Article...]

In Trump's first year, America's trade deficit actually got worse

In Trump's first year, America's trade deficit actually got worse Overall, in 2017, the US trade gap leaped 12.1 percent to a nine-year high of $566 billion. For all of 2017, the goods-and-services gap grew 12 per cent to US$566 billion, the biggest since 2008. Then there is the North American Free Trade Agreement with Mexico and Canada (NAFTA). Imports of energy products increased 16.9 per cent to $3.0 billion in December, while industrial machinery, equipmen... [Full Article...]

Tesco raises profit forecast and names Booker's Wilson its United Kingdom boss

Tesco raises profit forecast and names Booker's Wilson its United Kingdom boss Tesco said Booker Group chief Charles Wilson would become boss of its United Kingdom and Ireland retail and wholesale operations, once it has completed its takeover of the wholesaling giant. In 1998 he became an executive director at Booker before taking the top job in 2005. According to Reuters , Wilson will earn a base salary of £575k plus a 200% annual bonus and an annual performance share... [Full Article...]

Trudeau sides with Alberta in pipeline dust-up with BC

Trudeau sides with Alberta in pipeline dust-up with BC So serious are the potential ramifications, Alberta Premier Rachel Notley angrily accused B.C. of trying to circumvent the law and rewrite Canada's Constitution. "This kind of uncertainty is bad for investment and bad for working people", she said. "One of the reasons we have a national government to oversee national interests is to step up for the interests of all Canadians, and that's exactly ... [Full Article...]

Federal Reserve to punish Wells Fargo for fake account scandal

Federal Reserve to punish Wells Fargo for fake account scandal Corporate insiders own 0.22% of the company's stock. It has outperformed by 6.37% the S&P500. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. FBR Capital has "Mkt Perform" rating and $45 target. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider's stock worth $392,000 after acquiring an additional 42 shares in the last... [Full Article...]

Chesley Taft & Associates LLC Purchases New Stake in Valero Energy Co. (VLO)

Chesley Taft & Associates LLC Purchases New Stake in Valero Energy Co. (VLO) Shelton Capital Management holds 0.13% or 21,500 shares. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company's stock worth $106,014,000 after acquiring an additional 1,350,627 shares during the last quarter. Currently, the stock carries a price to earnings ratio of 12.66, a price to book ratio of 1.14, and a price to sales ratio of 7.9. Valero Energy Corp. [Full Article...]

Dow Suffers Biggest Daily Percentage Fall in 20 Months

Dow Suffers Biggest Daily Percentage Fall in 20 Months None of the indexes were close to 5 percent Friday, which is considered by some to be the start of a correction . The Nasdaq pulled back 5.4 percent the week of February 5. He made no mention of the stock market's lousy day. Wall Street is having its worst day of the Trump presidency. "I think that is a bit much for the stock market to handle". [Full Article...]

Snowy weekend — Metro Detroit Weather

Snowy weekend — Metro Detroit Weather Accumulating snow is forecast to spread from west to east across northeast IL into northwest IN tonight , gradually ending from the west Sunday . "Additional snow totals of 3-5" possible. The next winter storm will cross the region late Tuesday into Wednesday . Forecast models suggest Western New York will be on the cold side of the system. [Full Article...]

Pentagon pushes nuclear weapons expansion, modernization

Pentagon pushes nuclear weapons expansion, modernization People walk through a portal of the Kremlin wall on a sunny winter day in downtown Moscow on January 10, 2018. The Nuclear Posture Review calls for a development of a low-yield warhead option for USA submarine-launched ballistic missiles. [Full Article...]

Google Tops $110B For 2017, Takes Hit On Profit In Q4

Google Tops $110B For 2017, Takes Hit On Profit In Q4 Traffic acquisition costs, payments to phone makers and web browsers, rose to $6.45 billion, or 24 percent of Google's overall ad revenue . Google bought ads during major sports events to market its new Pixel 2 smartphone and YouTube television service. [Full Article...]

USA stocks close sharply lower after strong jobs report

Rising yields can undercut appetite for assets perceived as risky, including stocks. Disappointing iPhone sales left Apple down 4%. The worst week for stocks under Donald Trump comes after one of the best years in history for shares in 2017 and just a week after the Dow hit a record high of 26,617. [Full Article...]

Amazon's Jeff Bezos, Warren Buffett, JPMorgan starting healthcare company

Amazon's Jeff Bezos, Warren Buffett, JPMorgan starting healthcare company The White House economic adviser Gary Cohn said the new venture was "the exact same thing" as an executive order signed by President Donald Trump in October that allowed expanded access to association health plans. It was not clear whether the ultimate intention is to move beyond the three companies. The extent of resources the companies will earmark to address the healthcare problem wasn'... [Full Article...]

Chevron Q4 profit misses on refining weakness, shares drop

Chevron Q4 profit misses on refining weakness, shares drop It has underperformed by 25.78% the S&P500. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . The Company's year to date (YTD) performance is now positive at 4.38%. Moreover, Lehman Fincl Resources has 0.3% invested in Exxon Mobil Corporation (NYSE: XOM ). Barclays Public Limited Liability Corporation holds 82,858 shares or 0% of its portfolio. [Full Article...]

How Could the New Amazon Health Care Company Affect Specialty Pharmacy?

How Could the New Amazon Health Care Company Affect Specialty Pharmacy? Amazon , Berkshire Hathaway , and JPMorgan Chase have teamed up to launch a new health care company in an effort to provide high-quality care while reducing costs, according to a press release issued by the companies. Rising bond yield continued to weigh on U.S. stocks on Tuesday, pushing the Dow Jones Industrial Average down more than 250 points, with pressure also being piled on by a drop... [Full Article...]

All of Amazon's 2017 operating income comes from AWS

All of Amazon's 2017 operating income comes from AWS Operating income should stop somewhere between $300 million and $1.0 billion, which would compare to $1.0 billion in the first quarter of 2017. The fourth quarter alone clocked $1.9 billion, compared with a net income of $749 million from the same time period a year ago. [Full Article...]

Russia's Match TV to provide full live coverage of 2018 Olympic Games

Russia's Match TV to provide full live coverage of 2018 Olympic Games The City of PyeongChang in South Korea invited the City of Auburn to the opening ceremony of this year's Winter Olympics . Ahead of the Olympics, the Koreas will hold a joint cultural event at the North's scenic Diamond Mountain and have non-Olympic skiers train together at the North's Masik ski resort, according to the statement. [Full Article...]

Girl arrested in shooting

Girl arrested in shooting The three other victims, a 30-year-old woman, a 12-year-old girl, and an 11-year-old boy, all suffered minor injuries, including two from gunshots. She is now in police custody, and the suspected weapon used in the shooting has been seized. [Full Article...]

Eagles coach Doug Pederson recounts 2000 win against Belichick and Patriots

Eagles coach Doug Pederson recounts 2000 win against Belichick and Patriots Dion Lewis had both of New England's 100-yard games and averaged nearly 5 yards per carry. "I never thought I would", said Elijah Jones, 14, of Asheville, N.C. " You can't live on Super Bowl , but it sure can make it nice for the next couple of weeks when you see all those folks coming in and you're selling all those wings". [Full Article...]


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