Business
Valeant Pharmaceuticals International's (VRX) "Hold" Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity's price target indicates a potential downside of 0.57% from the stock's current price. (NYSE:W) is $54.08 while analysts mean recommendation is 2.30. VRX also said it could sell some non-core assets to reduce its heavy debt burden, reports theWall Street Journal. Piper Jaffray reiterated Neutral rating but has raised price target to $22 from $19. [Full Article...]
Tesla loses money for 13th consecutive quarter
Last week, Musk announced a deal for Tesla to buy another of his investments, SolarCity, in a $2.6bn deal which observers expect will combine solar technology with Musk's innovative electric cars . It expects to raise that figure to 2,400 weekly in an effort to ship between 80,000 to 90,000 vehicles this year. The company said it was making 2,000 vehicles per week by the end of the second q... [Full Article...]
Rio Olympics 2016: Jack Laugher and Chris Mears win historic diving gold
Their teammates Tom Daley and Dan Goodfellow took bronze in the 10 meter synchronized competition on Monday. Sam Dorman and Mike Hixon of the US finished in the silver medal position, a wonderful result for a duo who were given no chance before the event. [Full Article...]
Signs Emerge in Wisconsin: Globalists for Paul Ryan
Trump had told The Washington Post in an interview earlier this week that he was "just not quite there yet " when it came to backing Ryan - language that echoed the words used by Ryan as he weighed whether to endorse the party's nominee. [Full Article...]
Delta struggles through third day of computer problems
Since the power outage news was made public, Delta Air Lines tried to manage its image to the customers by offering a $200 travel voucher to passengers suffering from flight cancellation or delays. "Multiplied across tens of thousands of pilots and flight attendants and thousands of scheduled flights, rebuilding rotations is a time-consuming process", said West. [Full Article...]
William Hill rejects 3.16 bln stg bid from Rank Group, 888
The bid, in shares and cash, was called "highly opportunistic" by Gareth Davis , chairman of William Hill , who said it did not reflect its true value. The proposal, which it is understood would also see the combined business take on a considerable amount of debt, also outlines synergies that Rank and 888 have argued push the value of the deal up to 408p-a-share. [Full Article...]
Child Care Plan Is A Change In Rhetoric For Donald Trump
Anne Gearan is a national politics correspondent for The Washington Post . "But Donald Trump does not reflect historical Republican values nor the inclusive approach to governing that is critical to healing the divisions in our country". Clinton has opened up a lead in the high single digits in most polls. The poll also found that 50 percent of voters prefer a continuation of President Obama's ... [Full Article...]
Coach's stock surges after profit, North American sales beat expectations
In addition, Coach's subsidiary brand Stuart Weitzman brand, which was acquired a year ago, brought $84 million to the total sales this quarter, up from $79 million in the previous three months. CEO Victor Luis said noted that the company saw particular acceleration in its North America direct business - comps gained a record 2 percent in the region - as its strategic actions begin to take hol... [Full Article...]
Retiring GOP Congressman Backs Libertarian Presidential Candidate Over Trump
Trump's recent antics of berating a Gold Star mother , coupled with his nearly constant bashing of minorities, women and the Republican leadership, have meant that he has managed to isolate even sections of this conservative voter pool further away from him. [Full Article...]
U.S. resorts behemoth Vail buys Whistler Blackcomb
Planning to go to Whistler anytime soon? The expansion depends on the renewal of a master development agreement with First Nations communities that control land where the resort is located. The federal government recently lifted visa requirements for Mexicans visiting Canada. The transaction is expected to close in fall 2016, the companies said. [Full Article...]
Bank of England could cut rates further, MPC member McCafferty says
It was a third of a percent weaker at 85.27 pence per euro. "Bank rate can be cut further, closer to zero, and quantitative easing can be stepped up", McCafferty wrote in an op-ed for the Times on Tuesday. United Kingdom inflation and employment figures for July, key indicators for how the UK's economy is faring post-Brexit, will follow data that has already shown contractions in services and ... [Full Article...]
S&P 500 opens at all-time high
People are afraid of missing out". S&P 500 e-minis were up 2 points, or 0.09 per cent, with 79,778 contracts traded. Oil prices were largely flat after rising 2.5 per cent on Monday on renewed hopes that OPEC members would work out a plan to freeze output. [Full Article...]
Stocks Showing Pleasant Sentiment- Inovalon (NASDAQ:INOV), Cognizant Technology Solutions (NASDAQ:CTSH)
Airbus had flagged to United Kingdom regulators and the European Export Credit Agencies earlier this year "misstatements and omissions" involving the outside contractors in some export financing applications, which it found through an internal probe. [Full Article...]
Oil Rises Despite Supply Glut
Russia's dollar-denominated RTS share index was up 1.1 percent to 945 points, while the rouble-based MICEX was 0.3 percent higher at 1,950 points. Mohammad Al-Sada, president of the Organisation of Petroleum Exporting Countries (OPEC), says oil prices will rise in September through December, following expectations of higher oil demand. [Full Article...]
Gas prices drop again in NH, across US
While the average price of gasoline of $2.123 on Sunday is 24 cents above the average price twelve years ago, it remains 50 cents less than a year ago. Thats seven cents less than the lowest price found last week. The highest price in 2015 was $2.93 a gallon, and in 2014 a gallon of regular averaged $3.79. [Full Article...]
Bride gets man with father's heart to walk her down the aisle
She wants anyone who was touched by her family's experience to know that donating organs can make a real difference in people's lives. "It's like everybody's here", she said upon meeting the man with her father's heart. "I'm just so thankful that my dad could be with us here today in spirit and in a piece of his physical being as well", she said. Stepien and Maenner called Thomas a VIP guest on ... [Full Article...]
Berkshire profit rises a quarter
Operating profit rose 18 percent to $4.61 billion, or $2,803 per share, from $3.89 billion, or $2,367. Berkshire's businesses provide Mr Buffett, 85, with a steady stream of cash for more investments. Income from the manufacturing, service and retailing segment climbed 14 percent to $1.49 billion, boosted by Precision and Duracell. "We now anticipate that such shares will be redeemed", Berks... [Full Article...]
Steady hiring benefiting a broader group of Americans
The jobs report also suggested that employers were unfazed by either Britain's late-June vote to quit the European Union or the US economy's tepid growth in the first half of the year: Just 1 percent at an annual rate. Job growth has been stronger in higher-income occupations, such as managers, engineers and accountants. For a long time the markets have taken a far more pessimistic approach than t... [Full Article...]
Tesla's autopilot remains in the spotlight
Thank you for reading and relying on TulsaWorld.com for your news and information. The NTSB found that Mr. Brown was using Tesla's advanced driver assistance features such as the Traffic Aware Cruise Control and Autosteer lane keeping assistance while driving his Model S at the time. [Full Article...]
Oil prices rise as US reports mixed data
Energy Information Administration on Wednesday. "Given the spate of selling that crude has endured over recent weeks, a sizable gasoline draw and headline drop in total USA production is likely enough to keep the market supported in the short term, though bigger questions remain on the health of the global oil supply and demand picture", he said in emailed commentary. [Full Article...]