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Finance

A motion was passed at the TUC annual conference calling for "immediate steps to develop a coordinated strategy of opposition to the pay cap ... including ... News reports published late on Sunday said ministers were expected to accept recommendations for bigger pay rises this week, paving the way for similar increases for other government employees in future.
  • Frankfurt - Mercedes-Benz EQA set to rival BMW i3

    Frankfurt - Mercedes-Benz EQA set to rival BMW i3

    Finance

    Mercedes-Benz is committed to adding as many as 10 electric cars to its lineup by 2022, including SUVs, sedans, hatchbacks and even commercial vehicles. Its official fuel consumption figure is about a 40-percent step forward from the B-Class F-Cell, while the fuel-cell system is about 30-percent smaller.
  • Crude Oil's Hurricane Irma Boost Could Dissipate With the Storm

    Crude Oil's Hurricane Irma Boost Could Dissipate With the Storm

    Finance

    After that, there is a report coming out of China that they are closing privately owned oil refineries, which could cause a demand problem. But even if Irma doesn't disrupt US operations too severely, that doesn't mean there aren't other issues to worry about: it seems analysts are now concerned about the quicker than expected growth of the Liquefied Natural Gas (LNG) industry, with supplies said to be on course to increase by 50 percent between 2014 and 2021.
  • Rwanda's CPI Up to 3.2 Percent

    Rwanda's CPI Up to 3.2 Percent

    Finance

    CPI measures the weighted average of prices of a basket of goods and services, such as food, transportation, and medical care. The core inflation rate increased to 2.7% from 2.4% previously and compared with consensus forecasts of 2.5% while the RPI inflation rate increased to 3.9% from 3.6% in July.
  • Western Digital wins bid for Toshiba memory business

    Western Digital wins bid for Toshiba memory business

    Finance

    Hynix is a competitor to Toshiba in the flash market raising competition issues, and Foxconn control could see the technology leaking to China which is preparing a massive assault on the world flash market. Last week, the Japan-US-South Korean group, which Toshiba had initially picked as its preferred bidder, made a last-minute had bid for the chip unit together with Apple.
  • USA crude oil last week settled at $47.48/Bbl

    USA crude oil last week settled at $47.48/Bbl

    Finance

    Harvey's negative impact on demand will remain larger, however, given the large concentration of energy-intensive petrochemical activity in its path . Iran sold its light crude oil at $50.93 per barrel in the week ended on September 1, with seven cents decrease from its previous week, IRNA reported on Saturday.
  • BP Plans IPO For US Pipeline Assets

    BP Plans IPO For US Pipeline Assets

    Finance

    Oil giant BP is planning a multimillion dollar initial public offering of its USA pipeline assets on the New York Stock Exchange, the company confirmed on Monday (11 September). BP Pipelines, the company's principal mainstream subsidiary in the US, operates a network of 3,500 miles of pipelines and terminal facilities that transport and store more than 1.3 million barrels per day of oil, refined products and natural gas.
  • Travelers trying to head to Florida dealing with flight cancellations

    Travelers trying to head to Florida dealing with flight cancellations

    Finance

    The airline has set fares at $99 up to $159. Hotel rooms in northern Florida were reportedly booking up quickly, and many gas stations ran out of fuel. Many airlines flew their planes and staff elsewhere in the country before the storm , and local staff may still be dealing with storm damage at their own homes, Gonzalez said.
  • Storm surge poses major threat as Irma threatens Florida

    Storm surge poses major threat as Irma threatens Florida

    Finance

    The National Weather Service in Peachtree City, Georgia, confirmed that Atlanta - more than 250 miles (400 kilometers) inland from either the Atlantic or Gulf coasts - was under a tropical storm warning for the first time. Alabama Power said there were 12,000 outages mostly in the southeastern area of the state. There are now more than 70,000 Georgia residents without power, and one death reported .
  • Motorcyclist dead in crash on Interstate 15

    Finance

    When officers arrived there was smoke coming from the auto, and the front end of the Taurus was smashed in, CHP said. Stay with KRON4 for updates . CHP reports a vehicle rolled into the center divider on the southbound lanes. Officers later found that the driver was speeding at about 100 per hour when he crashed.
  • Thyssenkrupp May Reach Preliminary Tata Steel Deal This Month

    Thyssenkrupp May Reach Preliminary Tata Steel Deal This Month

    Finance

    This frees Tata Steel UK and its affiliate companies from 15 billion pounds of pension liabilities and increases the prospects for Tata's merger with ThyssenKrupp. Although much work is still needed to ensure the business is competitive in future, the next step in this pensions process involves necessary formalities to set up the new scheme with a lower risk profile following the necessary member consent process led by the trustee.
  • Merck & Company, Inc. (NYSE:MRK) has industry P/E ratio of 12.52

    Finance

    The analysts estimated mean EPS at 0.96 while the high and low EPS estimate stand at 1.04 and 0.9 respectively. Franklin Resource Inc has 0.02% invested in Post Holdings Inc (NYSE:POST). Cypress Gru owns 0.78% invested in Merck & Co., Inc. Moreover, Investment Mgmt Of Virginia Ltd Liability Corp has 0.57% invested in Merck & Co., Inc.
  • Stock You May Need To Reconsider: Lockheed Martin Corporation (LMT)

    Finance

    About 654,279 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since September 9, 2016 and is uptrending. It has underperformed by 4.13% the S&P500. Another trade for 5,000 shares valued at $349,100 was made by SANDVOLD TORE I on Wednesday, June 7. (NASDAQ:ANSS). Cibc Asset holds 5,881 shares. Therefore 22% are positive.
  • El Paso Electric crews assist Floridians in restoring power

    El Paso Electric crews assist Floridians in restoring power

    Finance

    They have now been moved to Miami at the request of Florida Power and Light. "As part of Exelon, BGE and its sister utilities represent one of the largest contingents of resources being deployed to help restore power to customers affected by Hurricane Irma".
  • IShares Short Maturity Municipal Bond (MEAR) Declines 0.18% for Sep 11

    IShares Short Maturity Municipal Bond (MEAR) Declines 0.18% for Sep 11

    Finance

    In terms of moving averages, the 200-day is now at 37.77, the 50-day is 41.37, and the 7-day is resting at 42.60. When focusing on technical stock analysis, traders and investors may choose to study the ATR or Average True Range. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI Japan ETF (NYSE: EWJ ) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
  • Cisco Systems, Inc. (CSCO) Earns "Buy" Rating from KeyCorp

    Finance

    It is down 16.92% since September 11, 2016 and is downtrending. It has outperformed by 14.32% the S&P500. Shelton Capital Management increased its position in Cisco Systems, Inc. versus those who think you should sell it. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-two have given a buy rating to the company.