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Economy

U.S. oil prices closed above $60 a barrel on the final trading day of the year 2017, the first time since mid-2015, as the commodity ended the year with a 12pc gain spurred by strong demand and declining global inventories. One can expect him to further put down the peddle in the New Year. The Trump administration has proposed to open up vast new territory for offshore oil and gas drilling, going so far as to push drilling in areas now off limits.
  • Senate Democrats propose fines for credit reporting agency hacks

    Senate Democrats propose fines for credit reporting agency hacks

    Economy

    New legislation being pushed by two Senate Democrats would give the Federal Trade Commission the power to fine credit reporting agencies that fail to protect consumer information from data breaches. "In today's information economy, data is an enormous asset", Warner said Wednesday . In November, Sen. Bill Nelson (D-Fla.) sponsored the Data Security and Breach Notification Act , which would require companies to report data breaches within 30 days.
  • Prolific hacker from OH indicted, developed 'Fruitfly' malware to spy on thousands

    Prolific hacker from OH indicted, developed 'Fruitfly' malware to spy on thousands

    Economy

    Phillip Durachinsky, 28, of North Royalton, Ohio, is facing 16 counts of Computer Fraud and Abuse Act violations, Wiretap Act violations, production of child pornography and aggravated identity theft. 'This case is an example of the Justice Department's continued efforts to hold accountable cybercriminals who invade the privacy of others and exploit technology for their own ends '.
  • Marks & Spencer festive food and clothing sales fall

    Marks & Spencer festive food and clothing sales fall

    Economy

    The group also reported data for the third quarter, with United Kingdom like-for-like sales up 2.3 percent, having increased 2.1 percent in the second quarter. Its Central Europe business saw a 0.8% like-for-like sales increase, however Asia, a market in which Tesco has instigated the ceasing of bulk selling in Thailand over the past year, fell 9.6%.
  • Giant recalls ice cream bars for listeria risk

    Giant recalls ice cream bars for listeria risk

    Economy

    Symptoms of listeriosis include high fever, severe headache, neck stiffness and nausea. The brands of the products recalled include Great Value, Market Basket, Kroger, Econo, Sundae Shoppe, Giant Eagle, Lucerne, Purple Cow, Polar Express, Stater, and Food Club, among others.
  • Domino's Pizza (DPZ) Receiving Positive Media Coverage, Accern Reports

    Domino's Pizza (DPZ) Receiving Positive Media Coverage, Accern Reports

    Economy

    The Domino's logo sits on pizza delivery boxes in London on February 27, 2017. The stock has a market cap of $9.52B and the number of outstanding shares has been calculated 46.04M. Bluestein R H stated it has 1.33% in Domino's Pizza, Inc . About 1.48 million shares traded or 24.31% up from the average. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
  • Ford to launch diesel in 2018 F-150

    Ford to launch diesel in 2018 F-150

    Economy

    Peak torque is delivered from 1,750 rpm, contributing to the F-150's 11,400lb (5,171kg) towing capacity and 2,020lb (916kg) payload capacity, alongside targeted EPA-estimated 30mpg highway rating fuel-efficiency, according to US testing conventions.
  • IRS Issues List Of 'Dirty Dozen' Tax Scams

    IRS Issues List Of 'Dirty Dozen' Tax Scams

    Economy

    The challenges include programming and systems updates, answering taxpayer phone calls, drafting and publishing new forms and publications, revising regulations and issuing other guidance, training employees on the new law and guidance, and developing enough capacity in its systems to verify compliance with new eligibility and documentation requirements.
  • Traders Secrets on Incyte Corporation (INCY), Sinclair Broadcast Group, Inc. (SBGI)

    Traders Secrets on Incyte Corporation (INCY), Sinclair Broadcast Group, Inc. (SBGI)

    Economy

    Regal Entertainment Group (NYSE:RGC) has declined 1.35% since January 9, 2017 and is downtrending. It has underperformed by 7.39% the S&P500. Over the past three months, Sinclair Broadcast Group, Inc. Stephens has "Equal-Weight" rating and $37 target. (NASDAQ:SBGI) earned "Outperform" rating by Wedbush on Tuesday, September 27. Northland Capital maintained it with "Hold" rating and $62.5000 target in Tuesday, August 1 report .
  • Reviewing the Insider Trends for Teva Pharmaceutical Industries Limited (TEVA)

    Economy

    Accipiter Capital Management Llc who had been investing in Teva Pharm Adr for a number of months, seems to be bullish on the $19.72 billion market cap company. TMUS's profit will be $274.55 million for 49.32 P/E if the $0.33 EPS becomes a reality. Mizuho reissued a "neutral" rating and issued a $16.00 target price (down previously from $30.00) on shares of Teva Pharmaceutical Industries in a report on Tuesday, August 22nd.
  • Spread betting firms hit by 'damaging' FCA warning

    Spread betting firms hit by 'damaging' FCA warning

    Economy

    City brokers providing contracts for difference (CFDs) to retail investors are causing "serious concern" at the United Kingdom financial regulator, which wrote to 19 providers with a warning about their conduct. Megan Butler, director of supervision at the regulator, said: "The provision and distribution of CFD products and delivering good customer outcomes in this sector will remain areas of focus for us".
  • Uttarakhand businessman enters BJP office after consuming poison, blames GST and demonetisation

    Uttarakhand businessman enters BJP office after consuming poison, blames GST and demonetisation

    Economy

    The minister said Prakash Pandey, a resident of Nai Colony in Kathgodam, stated that he was a transporter and had incurred losses in his business due to the notes ban in 2016. Chief medical officer of Dehradun , Y S Thapliyal, said that prima facie it appeared that Pandey had ingested poison which led to organ failure. Blaming the government for the death of Pandey, his cousin Umesh Niklani said, "My brother did not take his life, it was the system that murdered him.
  • Linscomb & Williams Inc. Decreases Stake in Kinder Morgan, Inc. (KMI)

    Economy

    Kinder Morgan, Inc . (NYSE: KMI ) has a market cap of $42.43 billion and over the last 12 months, KMI has declined by -12.48%. Closing price generally refers to the last price at which a stock trades during a regular trading session. Old Mutual Customised Solutions (Proprietary) Ltd reported 0.22% stake. Weiss Multi holds 0.27% or 375,000 shares. Adams Asset Advsr Llc holds 0.49% of its portfolio in Kinder Morgan , Inc.
  • De Blasio sues major oil companies over climate change

    De Blasio sues major oil companies over climate change

    Economy

    NY became the largest American city to sue Big Oil, demanding that ExxonMobil, Chevron, BP, Royal Dutch Shell and ConocoPhillips pay for the cost of protecting the city from the "existential threat" of climate change. The city is already executing resiliency program estimated at more than $20 billion to protect New Yorkers and build resilience against rising seas, more powerful storms and hotter temperatures.
  • Starbucks to institute a paper cup 'tax' in the UK

    Starbucks to institute a paper cup 'tax' in the UK

    Economy

    Starting next month, 25 Starbucks outposts in central London will charge 5 pence (British pennies) for their to-go cups. MPs want a 25p latte levy - and a total ban on disposable cups by 2023 if they aren't all getting recycled. "All the money raised by the cup charge will be donated to environmental charity and behavior change experts, Hubbub, who will use the funds to run a comprehensive behavior change study, helping us to understand how the public can be encouraged to choose reusable ...
  • Ford's Living Cities dream needs financial reality

    Ford's Living Cities dream needs financial reality

    Economy

    The idea is that Ford will eventually launch and operate its fleet of autonomous vehicles, and that partners including those listed above will be able to essentially plug into the fleet and use it as they would their current delivery drivers and vehicles, with communications protocols and intelligent dispatch built into Ford's vehicle management system.
  • $0.55 EPS Expected for Nucor Corporation (NUE)

    Economy

    The stock decreased 0.79% or $0.03 during the last trading session, reaching $3.77. About 36.52M shares traded or 113.69% up from the average. AK Steel Holding Corporation (NYSE: AKS ) has risen 58.12% since January 10, 2017 and is uptrending.
  • Patterson-UTI Energy, Inc

    Economy

    The NASDAQ-listed company saw a recent bid of $24.30 on volume of 2.44 million shares. Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings data on Thursday, October 26th. Stephens has "Underweight" rating and $10 target. The firm has "Mkt Perform" rating by Raymond James given on Tuesday, January 17. The last close places the company's stock about $5.46 off its 52 week high of $29.76 and $9.47 above the 52 week low of $14.83.
  • Virgin Trains accused of 'censorship' for no longer selling Daily Mail newspapers

    Virgin Trains accused of 'censorship' for no longer selling Daily Mail newspapers

    Economy

    A spokesman for Prime Minister Theresa May said that the decision to stock the Daily Mail was a matter for Virgin Trains but that press freedom was important. Virgin told staff in an internal memo seen by PR week that it was to shop stocking the right-wing paper on the basis that its employees had raised concerns about the Mail's editorial position on issues like immigration and LGBT rights.
  • Carphone Warehouse slapped with £400k fine

    Carphone Warehouse slapped with £400k fine

    Economy

    The records for some Carphone Warehouse employees, including name, phone numbers, postcode, and vehicle registration details were also accessed. The ICO noted that there was no evidence of any individual data having been used by third parties.