Business

GM August Sales Slide 5% but Top Estimates

GM August Sales Slide 5% but Top Estimates GM reported that August incentive spending equaled 11.1% of its average transaction price, less than the average July incentive of 14.2% and below the industry average of 11.5%. Ford's LaNeve said the company will manage supply with demand, but when asked if production will be slowed or plants shut down to accomplish that goal, he declined to say. [Full Article...]

September 2 strike: Which services in your city will be hit

September 2 strike: Which services in your city will be hit There were five demands in the first all-India strike in 2010, and seven more were added in the subsequent strikes. He said the strike would go on despite Finance Minister Arun Jaitley's promise on Tuesday that the government would release state employees' bonuses for the last two years, and increase minimum wages for unskilled labourers. [Full Article...]

Toronto stock market a rare bright spot

Toronto stock market a rare bright spot But the rally has stalled since earlier this month, when the index touched its highest in more than a year. At the Toronto Stock Exchange, the S&P/TSX composite index climbed 85.96 points to 14,683.91, as gold stocks registered the biggest gains. [Full Article...]

Pending US home sales strengthened in July

Pending US home sales strengthened in July Lawrence Yun, NAR chief economist, said a sizable jump in the West lifted pending home sales higher in July. On a regional basis, index readings were up in the Northeast, South and West. "There's little doubt there'd be more sales activity right now if there were more affordable listings on the market". But the shortage might also stem from the increase in first-time buyers this year. [Full Article...]

News photographer rescues pregnant woman from fiery crash

News photographer rescues pregnant woman from fiery crash WBRZ photographer Patrick Perry and reporter Brittany Weiss were on their way to cover a story when they saw the 21-year-old woman lose control of her auto on a highway in Livingston Parish. I'm over here.' So, I ran on the other side to get her. She said, 'I'm 7 ½ months pregnant.' I told her, I said, 'We fine. "You're going to be safe". [Full Article...]

Eurozone consumer prices steady in August, below market consensus

Eurozone consumer prices steady in August, below market consensus The DIW economic institute said growth would slow to 0.3 percent in the third quarter, partly because of Brexit. Analysts had been predicting a slight fall in the jobless rate. "There is a strong case for the European Central Bank to announce further policy easing", Stephen Brown of Capital Economics said. Analysts said the inflation and unemployment figures would be discussed when the Europea... [Full Article...]

Banks shrug off oilpatch concerns, report $9.9 billion in combined Q3 profits

Banks shrug off oilpatch concerns, report $9.9 billion in combined Q3 profits The company had 88,783 workers in the fiscal third quarter, which ended July 31, down from 89,610 in the second quarter, when the bank took a C$278 million ($213 million) restructuring charge to cover the cost of job cuts and other productivity measures. [Full Article...]

Agrium, Potash Corp in merger talks

Agrium, Potash Corp in merger talks MDLZ announced that it is terminating its effort to acquire Hershey after the close of USA markets Monday, news that sent shares of Pennsylvania-based Hershey tumbling today by 10.8% on volume that was more than six times the daily average. [Full Article...]

Apple Owes Ireland $14.5 Billion In Taxes, European Commission Says

Apple Owes Ireland $14.5 Billion In Taxes, European Commission Says Earlier today we heard that the European Commission has said that the deal between the company and the Irish Government over tax was not legal. The massive sum, some 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the US tech giant. [Full Article...]

Colorado oil and gas proposals fall short on signatures

Colorado oil and gas proposals fall short on signatures Proponents gathered more than 98,492 signatures required to make the ballot, the state said , but failed to gather enough to offset the number that would possibly be rejected during a random sample that examines the validity of the signatures. [Full Article...]

Germany's economy minister: US-EU free trade talks have failed

Germany's economy minister: US-EU free trade talks have failed The European Union's long-planned trade deal with the U.S. has collapsed with negotiations showing no sign of progress despite three years' of talks, according to Germany's economy minister. The issue of trade with the U.S. featured prominently in the European Union referendum campaign and was the subject of a high-profile intervention by president Barack Obama. [Full Article...]

Yellen suggests rate hike is coming but offers no timetable

Yellen's words returned a measure of clarity to the intentions of USA monetary policymakers, who have been publicly at odds in recent months over the need to raise rates in the near-term. "If we get a really strong employment report, say 200,000 plus, with a much higher wage growth, then they would find it very hard to resist a hike, probably in September, but definitely by December", Mohamed El-E... [Full Article...]

Short Interest Update on Brocade Communications Systems (BRCD)

Short Interest Update on Brocade Communications Systems (BRCD) The stock appeared -9.43% below its 52-week highs and is down -6.11% for the last five trades. (NASDAQ:BRCD) also making a luring appeal, share price swings at $10.46 with percentage change of 2.45% in most recent trading session. Barry Investment Advisors LLC raised its stake in Brocade Communications Systems by 15.9% in the second quarter. Raymond James Trust N.A. raised its stake in Brocade ... [Full Article...]

Overnight subway service in London to serve 50000 a weekend

The service was expected to launch in September 2015 but suffered repeated delays due to fraught negations between then-Mayor of London Boris Johnson and rail unions. "Think of the theatres, the live music venues, the restaurants. I'm pleased and proud that we're here". Advocates of the Night Tube emphasise its benefits on the rest of the cultural sector, with theatres and galleries now able t... [Full Article...]

Signet Jewelers Limited (NYSE:SIG) Shorts Decreased by 1.9% After Short Covering

As for earnings, the Street is expecting that the firm will post earnings of $0.65 per share for the current quarter. Profit was $81.9 million, up from $62.2 million a year earlier. Ecommerce sales in the second quarter Fiscal 2017 were $69.6 million, or 5.1% of sales, up $3.7 million, or 5.6%, compared to $65.9 million in the second quarter Fiscal 2016. [Full Article...]

Gay marriage years away after Greens veto plebiscite

Gay marriage years away after Greens veto plebiscite Ms Payne made headlines past year when she placed signs outside her business celebrating the end of Tony Abbott's prime minister-ship. The three Nick Xenophon Team senators and Derryn Hinch have cast doubt over the plebiscite and if they vote against it, it means the government needs Labor's support. [Full Article...]

United Kingdom consumers powered growth in second quarter despite approach of Brexit vote

Household spending was up 0.9% in what was the second quarter of the year, an increase from the 0.7% registered in Quarter 1. The ONS say this estimate is based on 80 per cent of the data available to them, making it unlikely that any future predictions of Britain's GDP in the run-up to the referendum will be downgraded. [Full Article...]

Hawkish Patel Replaces Rajan As RBI Governor: Bond Selloff Seen

The next bimonthly RBI policy , scheduled on 4 October, will be decided by the monetary policy committee (MPC). As per the decision taken by the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, Patel gets a three-year tenure, a press note said. [Full Article...]

Mylan boosts EpiPen patient programs, doesn't budge on price

The drugmaker is caught at the center of a firestorm over the rising price of prescription drugs. After one EpiPen competitor was pulled from the market a year ago, only one rival product is available, Adrenaclick , which carries a list price of $461. [Full Article...]

Antitrust regulators approve Tesla deal to buy SolarCity

Its products include electric vehicles such as the Model S, Model X and the Tesla Roadster. From August 1, SolarCity was offered 45 days to find a better offer before the two companies propose their deal to the US Securities and Exchange Commission. [Full Article...]


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