Money


Labor Department drops bid to revive Obama overtime pay rule Labor Department drops bid to revive Obama overtime pay rule
- September 06, 2017

The DOJ initially asked the U.S. Court of Appeals for the Fifth Circuit to affirm its authority in the overtime matter . Mazzant, who was nominated to the court by President Barack Obama , said the delay was needed so the rule could be challenged in court. (more...)
Lego to slash 1400 jobs worldwide after sales drop in US, Europe Lego to slash 1400 jobs worldwide after sales drop in US, Europe
- September 06, 2017

The Group aims to bring the LEGO building experience to more children all over the world, and for this objective the management is looking forward to resetting the company and revising and restructuring various internal processes. Lego is cutting 1,400 jobs from its organisation in a bid to make the company smaller and simpler, it announced today. The company, he said, needs to simplify its business model to reduce costs. (more...)
McDonald's Outlets to Shut Today as Termination Notice Period Ends McDonald's Outlets to Shut Today as Termination Notice Period Ends
- September 06, 2017

A spokesperson for McDonald's India, which had cancelled the license agreement with CPRL in August, said the termination notice period ended on Tuesday, after which the franchisee is not "authorised to use the McDonald's system and its intellectual property". (more...)
China bans ICOs for cryptocurrencies China bans ICOs for cryptocurrencies
- September 06, 2017

The ban means trading and usage of all cryptocurrencies, including bitcoin , could now be illegal in China . Although ICO bans may end up being temporary measures, approved platforms and greater regulatory scrutiny will need to emerge before the fundraising method gains approval from national governments. (more...)
Australian Dollar US Dollar (AUD USD) Fluctuates on Positive RBA Outlook Australian Dollar US Dollar (AUD USD) Fluctuates on Positive RBA Outlook
- September 06, 2017

Dales said the RBA is nearly being held "hostage" by the levels of household debt in Australia, which have the effect of preventing any kind of action by the central bank on interest rates , be it higher, or lower. Wage growth remains low in most countries, as does core inflation. "It will be some time before we are at what could be considered full employment in Australia and before underlying inflation is at the mid-point of the medium-term target range", Lowe said at a board dinner in ... (more...)
Minimum pay for Central staff likely to be 21K Minimum pay for Central staff likely to be 21K
- September 06, 2017

The complete benefits of Seventh Central Pay Commission will reflect in the salaries of central government employees from July onwards. As per the report, Finance Minister Arun Jaitley has promised to hike the minimum pay of central government employees over Rs 18,000. (more...)
Intel scores victory in fight against €1.06bn AMD antitrust fine Intel scores victory in fight against €1.06bn AMD antitrust fine
- September 06, 2017

Intel has been appealing this fine for years and now the European Court of Justice has ordered that the case be revisited in a lower court. "The General Court was required to examine all of Intel's arguments ... KitGuru Says: It seems the EU's top court has decided that there wasn't sufficient evidence to prove that Intel's rebates were restricting competition. (more...)
The ValuEngine Downgrades Signet Jewelers Limited (SIG) to Hold
- September 06, 2017

Investors are feeling more bearish on shares of Signet Jewelers Limited recently if you pay attention to the motion in short interest. The average true range of the stock is observed at 2.58 and the relative strength index of the stock is recorded at 65.27. (more...)
The Goodyear Tire & Rubber Company (GT) Sees Significant Increase in Short Interest
- September 06, 2017

Beta values for the above stocks are 0.64, 1.53, 1.60. Goodyear Tire & Rubber Co (NASDAQ:GT) institutional sentiment increased to 0.88 in Q4 2016. Goodyear Tire & Rubber Co now has $7.69 billion valuation. Gradient Invs Lc invested in 250 shares or 0% of the stock. Stifel Financial invested in 0.01% or 102,650 shares. (more...)
Finisar Corporation (FNSR) Insider SWANSON TODD sold 6202 Shares Of Stock Finisar Corporation (FNSR) Insider SWANSON TODD sold 6202 Shares Of Stock
- September 06, 2017

RBC Capital Markets maintained the stock with "Outperform" rating in Tuesday, November 29 report. The stock has "Outperform" rating by Credit Suisse on Monday, February 22. 3,015 shares were sold by Stephens Robert , worth $83,365 on Friday, June 16. There were 54 sold out positions, amounting to 6.25 million shares. The stock was sold at an average price of $24.34, for a total value of $150,956.68. (more...)
Analysts Near-Term outlook: ImmunoGen, Inc. (IMGN), Range Resources Corporation (RRC)
- September 06, 2017

Thompson Siegel & Walmsley Llc acquired 894,648 shares as Range Resources Inc ( RRC)'s stock declined 18.29%. Antero Res Corp now has $6.27 billion valuation. raised its stake in Range Resources Corporation by 1.1% in the first quarter. (NYSE:RRC) for 103,775 shares. 7,200 Range Resources Corp . Farquharson Alan W had sold 577 shares worth $13,369. (more...)
Governor, AG Plan To Sue If Trump Ends DACA Governor, AG Plan To Sue If Trump Ends DACA
- September 06, 2017

Police in NY handcuffed and removed over a dozen immigration activists who briefly blocked Fifth Avenue in Manhattan in front of Trump Tower. Later in the day thousands marched across the Brooklyn Bridge, NBC New York reported . IBM posted a series of tweets supporting legislation to let the young immigrants stay in the USA and said that "we stand by our IBM #Dreamers". The deadline to pass it is September 30 or there will be a government shutdown. (more...)
UK's House of Lords questions Bell Pottinger's conduct UK's House of Lords questions Bell Pottinger's conduct
- September 06, 2017

It has also emerged that Bell Pottinger's second largest shareholder has walked away from the business by writing off its investment and handing back the stake to the struggling PR firm. The campaign, critics say, was created to deflect anger about the corruption allegations swirling around the Guptas and focus on whites as the scapegoat for South Africa's problems. (more...)
Our responsibility will be to create huge skilled manpower, says Dharmendra Pradhan Our responsibility will be to create huge skilled manpower, says Dharmendra Pradhan
- September 06, 2017

Odisha-born Pradhan now has the twin task of delivering the state for the Bharatiya Janata Party and give a new push to the Skill India mission, an issue close to the heart of Prime Minister Narendra Modi . Shri Pradhan also added that job growth is an aspiration for any government. "The move will further enthuse our party workers and cadres". Nine others, including former diplomat Hardeep Singh Puri, were made Ministers of State. (more...)
Were Analysts Bearish Antero Midstream Partners LP (NYSE:AM) This Week? Were Analysts Bearish Antero Midstream Partners LP (NYSE:AM) This Week?
- September 06, 2017

The Blue Ridge Capital Llc holds 3.41 million shares with $392.72M value, up from 3.40 million last quarter. Salient Capital Advisors Llc sold 235,378 shares as the company's stock rose 3.02% with the market. The pipeline company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. 12/04/2014 - Capital One began new coverage on Martin Midstream Partners L.P. (more...)
Ryanair is making a big change to its cabin bag allowance Ryanair is making a big change to its cabin bag allowance
- September 06, 2017

In a statement on Wednesday, the airline said "too many" customers were availing of the scheme, and that there was not enough overhead cabin space for the volume of carry-on bags, which was in turn "causing boarding/flight delays". Instead, anyone who doesn't pay the priority boarding premium will either be forced to travel with a tiny amount of luggage, or have to hang around baggage reclaim waiting for their bag on arrival. (more...)
Banks and technology lead United States stocks lower in early trading Banks and technology lead United States stocks lower in early trading
- September 06, 2017

The decline Tuesday follows back-to-back weekly gains. North Korea successfully tested a hydrogen bomb that can be mounted onto an intercontinental ballistic missile. ENERGIZED: Gains in crude prices helped lift shares in oil producers and other energy industry companies. Qualcomm fell $2, or 3.8 percent, to $50.05. (more...)
Gold Rising On North Korea Fears - Finance News Gold Rising On North Korea Fears - Finance News
- September 06, 2017

The Stoxx Europe 600 fell 0.4% in the early minutes of trading, dragged down by falls in the financial and energy sectors. Greater China saw the down 1.03% in Hong Kong an the down 0.28%. The region has remained nervous, bracing for more ballistic missile tests amid perceived signs of activity by Pyongyang ahead of September 9, when the country marks its founding day. (more...)
Don't You Know Who I Am — Madonna to FedEx Don't You Know Who I Am — Madonna to FedEx
- September 06, 2017

A fan suggested that the company not releasing her package could be because it wants to make sure that they deliver the parcel to the right person. "Just think, it could be worse". FedEx responded to the music star on Twitter writing, "Hi, this is Julie". "Hi, this is Julie". The seven-time Grammy victor - who released a helpful 2015 single called " Bitch I'm Madonna " -immediately caught the attention of fans all too eager to vouch for her. (more...)
AbbVie Inc. (NYSE:ABBV) Shorts Down -5.21% - Shares Trading Up
- September 06, 2017

Can now owns 1,642,457 shares of the company's stock worth $106,949,000 after buying an additional 9,709 shares during the last quarter. The P/E ratio is now 18.55 and market cap is 120.23B. The firm has "Buy" rating by Numis Securities given on Wednesday, November 4. Jefferies maintained the shares of ABBV in report on Friday, August 18 with "Buy" rating. (more...)