Freddie Mac: Mortgage Rates Fell For Third Consecutive Week

Freddie Mac: Mortgage Rates Fell For Third Consecutive Week Standard 30 year fixed rate mortgages at PNC Bank (NYSE:PNC) are 4.250% carrying an April of 4.426% today. Standard 30 year loan interest rates have been offered at 4.125% at TD Bank (NYSE:TD) yielding an April of 4.452%. The best 20 year loan interest rates start at 4.125% today and an April of 4.268%. 7/1 ARMs stand at 3.83% today with an April of 4.005% to start. The typically lower FHA 30 ye... [Full Article...]

Avaya seeks court's protection as it updates its financial structure

Avaya seeks court's protection as it updates its financial structure Avaya has been transitioning from a legacy hardware business to a software and services company, and has been looking for ways to decrease its debt load of about $6.3 billion. Avaya says it has obtained $725 million in new financing from Citibank to see it through Chapter 11 process . Avaya said in the statement that it declined to sell its call center technology business after receiving ... [Full Article...]

China's Growth Edges up but 2016 Weakest Year Since 1990

China's Growth Edges up but 2016 Weakest Year Since 1990 Boosted by higher government spending and record bank lending, China's economy grew by a faster-than-expected 6.8 percent in the fourth quarter. China's economy expanded 6.8% in the fourth quarter of 2016, the latest official data (link in Chinese) show. [Full Article...]

Canada Dec annual inflation rises less than expected as food falls

Canada Dec annual inflation rises less than expected as food falls Prices were down in two categories - food at -2.3 per cent and housing operations at -0.6 per cent - while clothing prices were unchanged. The central bank kept its benchmark interest rate at 0.5 per cent Wednesday and policy makers said a rate cut remains on the table even as they look for another year of "solid" consumer spending to prop up growth. [Full Article...]

ECB Survey Sees Draghi Wishing Farewell After Increasing Rates

The last domestic data out of the United Kingdom saw Wednesday's claimant count in December drop, the November unemployment rate remain at 4.8% and average earnings increase, both with and without bonuses. Notable news will consist of the first European Central Bank (ECB) interest rate decision of the year, which is expected in the afternoon. He said that "recovery of the whole eurozone is in th... [Full Article...]

China's Q4 Growth Seen Steady at 6.7% Amid Heavy Government Support

In a report, Wang's team estimated that total government debt a year ago reached 50 trillion yuan ($7.2 trillion), or 68% of GDP, up from 43 trillion yuan, or 62% of GDP, in 2015. "The stabilization of the economy was largely due to the rally in the property market, which has also triggered concerns of an asset bubble", Zhou Hao, an economist at Commerzbank in Singapore, wrote in a report. [Full Article...]

J C Penney Company Inc (NYSE:JCP): Check on Ratings

Zacks Investment Research cut shares of J.C. Penney from a hold rating to a sell rating in a research report on Monday, October 24th. Another insider trade includes Director Raines (Julian Paul) who also initiated a transaction in which 2098 shares were traded on 30 Nov 2016 as "Buy". [Full Article...]

B.C. liquor regulations 'discriminate' against US wines: trade representative

Wine Institute, told CBC. Frustrated by British Columbia's regulations hindering the sale of US wine in the province's grocery stores, the United States has requested a trade enforcement action against Canada in the World Trade Organization (WTO). [Full Article...]

What's in Energy Transfer Partners LP After Today's Bearish Options Activity?

Wells Fargo downgraded the shares of SXE in a report on Friday, January 8 to "Market Perform" rating . Energy Transfer Partners, L.P. ( ETP ), incorporated on April 17, 1996, is a master limited partnership. On the company's financial health, Spectra Energy Partners LP reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during... [Full Article...]

Pearson shares plunge 20% on profit warning

The company said profits for 2017 could drop by £60m and it would cut its dividend for shareholders. Net revenue fell 30% year-on-year, and revenue for the business for the full year was down 18%. This will be offset by the restructuring Pearson undertook a year ago, the cost savings from which will be a little ahead of plan, it said. The publisher also intends to launch its own print rental p... [Full Article...]

US' Biden calls on richest one percent to share wealth

He cited a "palpable uncertainty about the state of the world", but said that while the United States plays an important role, the world's challenges do not hinge exclusively on leadership from Washington. With Putin seeking to " collapse " the world order, according to Biden , as of today yet another question remains unanswered: who meddled with the lighting system in Davos? And he got a war... [Full Article...]

Israel enters 'new era' of missile defense with Arrow-3

Israel declared the top tier of its air defence umbrella operational on 18 January, when the first Arrow-3 interceptors were formally handed over to the Israeli Air Force (IAF) in a ceremony. Arrow-3 is part of the multi-layered system Israel is developing to protect itself against a range of threats - from short- and mid-range rockets fired from the Gaza Strip and Lebanon to Iran's long-range mis... [Full Article...]

Corruption Probe: Rolls-Royce to Pay US$812M, China Deals Involved

Corruption Probe: Rolls-Royce to Pay US$812M, China Deals Involved The engine maker Rolls-Royce has no connection with Rolls-Royce cars, a marque owned by the Germany auto maker BMW. More details of the deferred prosecution agreement - a voluntary agreement that results in the suspension of prosecution - were expected today after the deal was signed off by the United Kingdom courts. [Full Article...]

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

Citigroup (C) Q4 Earnings Beat Driven by Higher Trading, Lower Costs In the third quarter , Citi also beat, reporting adjusted earnings of $1.24 per share ($1.16 expected) on revenues of $17.76 billion ($17.29 billion expected). And though the stock's 20% three-month rally has seemingly priced new investors out of the buy range, Citi's solid 2017 guidance suggests confidence it can return value in the quarters ahead. [Full Article...]

Presidential Donald Trump Wax Figure Unveiled at Madame Tussauds

Presidential Donald Trump Wax Figure Unveiled at Madame Tussauds The wax Trump is dressed in a dark blue suit, a red tie and a Made in America flag lapel pin. According to Madame Tussauds , Trump is the first president-elect to already have his own wax figure. A wax figure of then President-elect Barack Obama is unveiled in an Oval Office setting at Madame Tussauds in London on January 15, 2009. This is, says Tussauds, the only place in the world whe... [Full Article...]

Gold Prices Surge To 7-Week Highs Amid Brexit, Trump Worries

Gold Prices Surge To 7-Week Highs Amid Brexit, Trump Worries Gold prices rose on Tuesday to hover near seven-week highs hit the day before, with safe-haven demand boosted ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit". Trump said he thought the USA dollar was already too strong because China - which has the world's second-biggest economy after the United States - holds down its currency. [Full Article...]

Tobacco Merger: British American Swallows Rest of Reynolds

Reynolds alone has a 34% of the cigarette share in the USA, while the combined company has a large presence around the world, including the Middle East, South America, Africa and Asia. SunTrust Banks, Inc. (NYSE:STI) went up 0.87% during trading on 01-13-2017, with the company's shares hitting the price near $55.97. Lynch & Associates IN decreased its stake in shares of Reynolds American Inc. [Full Article...]

General Motors to Create 7000 U.S. Jobs with $1B Investment

General Motors Co. announced a $1 billion USA investment plan, joining Hyundai Motor Co. and Kia Motors the latest automaker to outline spending on factories amid pressure from President-elect Donald Trump to create jobs. Following this criticism, Ford announced earlier this month that it will cancel plans to build a new $1.6 billion plant in Mexico, and instead invest $700m and add 700 ... [Full Article...]

UnitedHealth Group's (UNH) "Buy" Rating Reaffirmed at Jefferies Group

UnitedHealth Group's (UNH) Capital Research Global Investors increased its stake in shares of UnitedHealth Group by 0.5% in the second quarter. While revenue estimates for the current year is $183.91B, UnitedHealth Group Inc (NYSE: UNH ) setting the highest revenues estimates of $188.03B and indicating lowest revenues at $177.3B according to agreement of 17 number of analysts. [Full Article...]

N Chandrasekaran appointed Tata Motors chairman

It is likely that other Tata group companies, many of them listed, like Tata Steel, Tata Power, Tata Chemicals, and Indian Hotels Company will follow Tata Motors' suit and announce Chandra as their chairman in the coming weeks after inducting him on their respective boards. [Full Article...]

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