Business

US Trade Deficit Widens To Largest In Almost Five Years In January

US Trade Deficit Widens To Largest In Almost Five Years In January Regardless of this, President Trump is unlikely to rein in his criticism of Chinese trade practices. But economists worry that Trump's tough talk could spark all-out trade wars in which foreign nations retaliate by boosting their tariffs on American goods. [Full Article...]

BT Group PLC (BT) Upgraded at Morgan Stanley

On Tuesday Stifel Nicolaus reiterated its target for shares of IP Group PLC as "Buy" recommending a target price of 208 for investors; potentially meaning there is an increase of 33.14% from IP Group PLC's share price of 156.23. The company has a 50 day moving average of GBX 309.50 and a 200-day moving average of GBX 289.07. This news story was originally reported by Community Financial News and... [Full Article...]

The Fearless Girl Taking on Wall Street is a Corporate 'Stunt'

The Fearless Girl Taking on Wall Street is a Corporate 'Stunt' Aside from the statue, State Street is also sending a letter to 3,500 companies asking them to add more women to their boards, as one in four boardrooms don't now have a single female executive as a member. "Better boards just make better decisions and drive company change in a more proactive way", she said. Not incidentally, Tuesday also marks the first anniversary of the SPDR SSGA Gender Diver... [Full Article...]

Raiders secure Vegas stadium financing from Bank of America

The recommendation would pave the way for a vote to be taken at the meeting, and if that happens, the Raiders would just need a "yes" vote from 24 of the NFL's 32 owners to secure their move to Las Vegas. Financing has been the issue for the Raiders' search for a brand new stadium to host the team in the Las Vegas area. Owners waived that limit for the Chargers, allowing them to borrow a portion f... [Full Article...]

Ivanka Trump sales soared through the roof in February

Ivanka Trump sales soared through the roof in February Since President Donald Trump was inaugurated, several retailers, including Nordstrom and Neiman Marcus, have stopped selling the brand (a move that caused the President to blast Nordstrom's decision in a tweet on February 8). Customers responded variously with applause and outrage. ( SHLD ), the parent company of Sears and Kmart, discontinued online sales of 31 Trump Home items. [Full Article...]

British Columbia Government Paves Way for Uber

British Columbia Government Paves Way for Uber But the government anxious about how ride-hailing would undercut the existing taxi industry, in which drivers have often invested hundreds of thousands of dollars into the limited supply of taxi licenses (investments often backstopped by home and business mortgages) in order to operate under provincial rules. [Full Article...]

Women's March Organizers Arrested Outside Trump Hotel

Called "A Day Without Women", the aim of the strike is to put the spotlight on the value of women in our households and work places. Thankfully, the organizers have included ways to participate that don't require missing work: One is to avoid spending money (with exceptions for small, women- and minority-owned businesses). [Full Article...]

Boost for chancellor as OECD revises up growth

Boost for chancellor as OECD revises up growth The OECD and other influential economics bodies have steadily upgraded forecasts of United Kingdom growth as the economy has proved resilient since the country's vote to leave the EU. China's growth forecast for this year was raised to 6.5 percent and for next year to 6.3 percent. The moderate pace of growth is expected to continue in the euro area but is being held back in some countries by stu... [Full Article...]

US, British vessels change course after fast approach from Iranian boats

US, British vessels change course after fast approach from Iranian boats On Saturday, a number of smaller boats approached the USA ship, closing to within 600 yards, Davis said. The Invincible , as well as three ships from the British Royal Navy accompanying it, had to change course. "The administration has already begun to push back in the way that we should, and I look forward to working with them as we prepare to introduce bipartisan legislation to deter Iran's thr... [Full Article...]

The White House Plagiarizes Exxon Mobil in Laudatory Press Release

The White House Plagiarizes Exxon Mobil in Laudatory Press Release He expects 11 projects to create over 45,000 jobs. While the Trump administration eagerly promoted the 45,000 jobs figure, near the bottom, the statement qualified the Gulf Coast projects would create 35,000 construction jobs - typically short- to medium-term gigs, meaning the total number of people actually employed may be lower - and 12,000 full-time ones. [Full Article...]

Too early for extending oil reductions, Minister

Too early for extending oil reductions, Minister Investment in new projects fell during the slump in oil prices that began in mid-2014. Benchmark West Texas Intermediate (WTI) crude oil averaged $43.33 a barrel in 2016 and is forecast to rise to an average of $53.49 in 2017, up three cents compared with last month's estimate. [Full Article...]

Titans of oil world meet in Houston after two-year price war

Oil prices edged lower Monday, as investors continued to weigh OPEC's production cuts against rising production in the U.S. So far in 2017 United States energy companies have raised $US10.5 billion in fresh equity, with shale and oil service groups drawing the most investment, the best start of the year since at least 1999 and equal to a third of what the sector raised in the whole of 2015, acco... [Full Article...]

Deutsche Bank Shares Tumble In Frankfurt After $8.5 Billion Capital Raising Confirmation

Deutsche Bank Shares Tumble In Frankfurt After $8.5 Billion Capital Raising Confirmation Fully offloading divisions like Postbank or the asset management unit - a tiny slice of which will be put up for sale at some point - would sacrifice revenue and make the bank less diversified. Around 9,000 job cuts in Deutsche Bank's network of German branches have always been a part of Cryan's plans. Giving an oversight role to the man who held the company's purse strings looks like a promise ... [Full Article...]

Fund managers Standard Life, Aberdeen in merger talks

Fund managers Standard Life, Aberdeen in merger talks Aberdeen shareholders would end up with a third of the combined group and Standard Life shareholders two-thirds. In recent years Standard Life has built up its Standard Life Investments asset management arm. Both firms said a merger would create a world-class active fund management company with strengths in all asset classes and markets. Standard Life , established in 1825, is headquart... [Full Article...]

Call for Action: IRS Tax Refunds Waiting from 2013

Call for Action: IRS Tax Refunds Waiting from 2013 He says citizens due this cash must file the necessary paperwork by April 18. "If you were a student with a summer job and you didn't necessarily make enough money to have to file a tax return, but if you had money withholding, you might actually have a refund coming back", Clay Sanford IRS spokesperson said. [Full Article...]

Federal Agents Search Caterpillar's Illinois Facilities

Federal Agents Search Caterpillar's Illinois Facilities Department of Commerce's office of export enforcement and inspectors from the Federal Deposit Insurance Corporation, which investigates banks. The Peoria Journal-Star says the company confirmed the federal agents' presence but didn't say which agency or agencies were involved. [Full Article...]

Trudeau welcomes possible Keystone XL pipeline American steel exemption

Trudeau welcomes possible Keystone XL pipeline American steel exemption Trump told U.S. Steel CEO Mario Longhi at a meeting on February 23 that "we put you heavy into the pipeline business because we approved, as you know, the Keystone pipeline and Dakota, but they have to buy, meaning steel, so I'll say U.S. TransCanada resubmitted its application in late January. "This project will support USA energy security, create thousands of well-paying U.S.jobs and provide s... [Full Article...]

PSA Group supervisory board approves Opel and Vauxhall takeover

If a deal is reached, the acquisition of Opel will likely vault the French manufactures to the second place in Europe, next only to Volkswagen. The talks are not concluded, the people cautioned, and there is still no guarantee a definitive deal can be reached, or that the PSA board will approve it. [Full Article...]

Portland General Electric Company (NYSE:POR) Analyst Coverage

Portland General Electric Company (NYSE:POR) Analyst Coverage General Electric Company operates as a technology and financial services company. "Also, currency fluctuations, stiff competition and escalating restructuring charges also pose as concerns". The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. The ex-dividend date of this dividend is Wednesday, February 15th. [Full Article...]

Shop at Costco? Your membership will cost more this year

Shop at Costco? Your membership will cost more this year Finally, Susquehanna Bancshares Inc started coverage on shares of Costco Wholesale Corporation in a report on Friday, February 10th. They set a "market perform" rating and a $170.00 price target on the stock. A consensus forecast of financial analysts surveyed by S&P Capital IQ had expected income of almost $596.7 million, or $1.36 per share. For the full 2017 fiscal year, EPS is expected to c... [Full Article...]


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