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Oil steadies, but rattled by concern about OPEC's clout

U.S. light crude oil was 45 cents higher at $46.33 a barrel. Oil futures rose on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC tries to counter rising USA output that is threatening to derail its attempts to end a sustained global crude glut. Read More »

Vodafone deal to sell pagers faces probe


Merger or not, Capita will soon be the UK's only provider of pager services. "This seems to be a surprising decision considering that this market has been contracting for some time and no other country in Europe has more than one wide-area paging network. Read More »

QI In Focus For Wal-Mart Stores, Inc. (NYSE:WMT)


It has been suggested as "Buy Opinions" from 4 and 1 issued "Sell Thoughts" for the stock. Fred Alger Management Inc. boosted its stake in shares of Wal-Mart Stores by 2.1% in the fourth quarter. The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.51 dividend. Read More »

Donald Trump fires Federal Bureau of Investigation director James Comey


His snap dismissal, ostensibly for mishandling a probe into Hillary Clinton's emails, sparked rare criticism from Republicans and allegations of a cover-up from seething Democrats who demanded an independent inquiry. Praised frequently by both parties for his independence and integrity, Comey has spent three decades in law enforcement. But his sacking raised immediate questions about Trump's motives. Read More »

Which Analysts Are Watching Basic Energy Services, Inc. (NYSE:BAS)?


Analysts on average have given a price target of $44.29 to Basic Energy Services, Inc. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. Currently Superior Energy Services, Inc. (NYSE:SPN) on Monday, August 3 to "Sell" rating. If you are accessing this report on another publication, it was copied illegally and republished in violation of US & global copyright and trademark law. Read More »

Analysts Sights: Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

In related news, Director Bandel L. Carano purchased 275,862 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, March 7th. now shows a Weekly Performance of 16.25%, where Monthly Performance is 18.02%, Quarterly performance is 5.08%, 6 Months performance is 55% and yearly performance percentage is 117.29%. Read More »

Don´t let America down on health care, Trump tells Senate Republicans


Paul Ryan says the House vote was about fulfilling a promise the GOP made to American voters. He later added of Republican senators, "I think for one, they're taking a look at the House bill and they're seeing where they can fix it and improve and so I'm not sure how much the President's statements are impacting that process". Read More »

Barclays boss Staley apologises at shareholders' meeting


Staley today apologised to shareholders. Goldman Sachs, despite continuing to build a new headquarters in London, has said it will need more people in Madrid, Milan, Paris and other cities in the EU. These raised concerns of a personal nature about a senior employee who had been recruited by Barclays earlier that year, as well as about Mr Staley's role in dealing with those issues at a previous employer. Read More »

Nvidia Beats Estimates, Revenue Rose 48% YoY In Q1

AI and deep learning are not all however. Furthermore, NVIDIA's innovative product pipeline and strength in gaming and high-end notebook GPUs keep it well positioned. What happened with NVIDIA this quarter? The computer hardware maker reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. Read More »

Australia's Westpac Bank interim net profit up 6%

The institutional bank, where trading revenue rose more than 50 percent from a year earlier, was the "standout" division in the half, Chief Executive Officer Brian Hartzer said in the statement. "Net interest margins may rebound a little in 2H17, but the risk to already weak sector revenue trends is heightening given regulatory actions", Citi analyst Craig Williams wrote in a note. Read More »

Blixt, Smith take 4-shot lead at Zurich Classic


They are the only team still without a bogey at TPC Louisiana. This week's two-man team event was the first official team tournament on the PGA Tour since the 1981 Walt Disney World National Team Championship. Both earned $1,022,000 and 400 FedEx Cup points. Smith was literally speechless when approached by greenside commentator Dottie Pepper, but the two-year exemption and entry into a swag of key events, including this month's Players Championship and August's US PGA Championship will ... Read More »

British PM Theresa May talks Brexit with new French President Macron


The 39-year-old centrist has promised to transcend the right-left political divide that has allowed vested interests to block fundamental reforms. That's something Sophie McLoughlin, a fundraiser for En Marche , hopes will change when voters head to the polls again in June for France's parliamentary elections. Read More »

The 'who, what, why' of Trump's swift firing of Comey

They expressed deep skepticism about the stated reasons of the firing, publicly raising the prospect of a White House effort to stymie a pressing investigation. Arizona Sen. John McCain said he was "disappointed" by the incident. Sen. Bob Casey, D-Pa., declared on Twitter. Senator Edward J. Markey, of MA said in a statement: "This episode is disturbingly reminiscent of the Saturday Night Massacre during the Watergate scandal and the national turmoil that it caused". Read More »

Trump fires Federal Bureau of Investigation director James Comey

The Republican president said he fired Comey, the top U.S. law enforcement official, over his handling of an election-year email scandal involving then-Democratic presidential nominee Hillary Clinton. Gurule is now a law professor at the University of Notre Dame. When Richard Nixon infamously fired special prosecutor Archibald Cox, it didn't save him from being forced to resign over Watergate because Republican legislators refused to look the other way. Read More »

Owner of Charleston's ABC station buying Tribune, extending its TV reach

Sinclair Broadcast Group announced Monday it will acquire Tribune Media Co. for $3.9 billion. Sinclair entered an agreement to buy Tribune Media for $43.50 per share, valuing the deal at $3.9 billion. Adding Tribune's stations will also expand Sinclair's reach into major cities that it didn't have a presence in before, such as NY and Chicago . Sinclair was also already the largest Fox station group with 54 affiliates, and the Tribune will add to that list. Read More »

Oil gives up earlier gains as rising US output, China concerns weigh


Bank of America Merrill Lynch said slowing demand was also suppressing oil prices. But Javier Blas , reporter for Bloomberg News, thinks OPEC and its allies' comparatively rapid change of stance from initially saying no extension to the end of 2017 would be needed to pushing for extensions into 2018 indicates that "the fight between OPEC , Russia, and the US shale producers is intensifying, and so far it's America who is winning". Read More »

Saudi Arabia says will "do whatever it takes" to balance oil market

Brent crude futures LCOc1 were up 9 cents at $49.43 per barrel at 1110 GMT (7.10 a.m. ET), above a session low of $49.18, while U.S. West Texas Intermediate futures CLc1 were up 11 cents at $46.54 per barrel. The Kuwaiti minister said his country strongly backs efforts to extend the "historical" deal, adding that the fruits of the cuts will appear in the coming few months with the decline in world crude inventories. Read More »

Saudi Arabia may extend oil output cuts beyond 2017


Oil prices rose on Wednesday after a larger than expected fall in USA crude inventories and on attempts by OPEC to rebalance an oversupplied market by cutting output. If the projection is realised, it would be the highest United States output level in history beating levels last seen during the Texan oil boom of the 1970s, and the more recent uptick in the wake of the shale revolution recorded in 2014. Read More »

FBI Director James Comey Fired Amid Russia Investigation

Anthony Weiner, to be printed out and that "hundreds and thousands" had been forwarded. Oregon Sen. Ron Wyden said in a statement he'd always been critical of Comey's Federal Bureau of Investigation tenure. Clinton's actions", Republican Sen. Starting with Hillary Clinton herself, Democrats have blamed James Comey for her loss to President Donald Trump. Read More »

Coach Announces It Is Buying Kate Spade In $2.4 Billion Deal

Given the gap in brand awareness of Kate Spade relative to Coach , it is easy to see that the brand can grow significantly outside of the core U.S. Coach's decision to pull the company's handbags and leather goods out of 25% of department stores has been a positive step, as the heavy discounting in this channel has hurt its luxury brand image. Read More »

Budget's infrastructure slush fund now worth at least $15b


In a vote-sweetner for Victoria, the federal government included a $1 billion package for new and upgraded infrastructure, including $30 million to develop a business case for a rail link to Tullamarine Airport. According to the budget papers, funding has already been provided for the scholarships. The government will use "good" debt to finance a range of infrastructure projects. Read More »