Economy

The Walt Disney Company (NYSE:DIS)

The Walt Disney Company (NYSE:DIS)

The fund owned 4,416,104 shares of the entertainment giant's stock after buying an additional 96,169 shares during the period. Stifel Financial Corp increased its position in Walt Disney by 5.6% in the second quarter. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/03/14/walt-disney-co-dis-shares-bought-by-martingale-asset-management-l-p.html. Read More

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Theresa May battles party rebels for power to trigger Brexit

Theresa May battles party rebels for power to trigger Brexit

Addressing MPs yesterday, Mrs May said the Bill could now receive formal assent from Queen Elizabeth II "in the coming days" - a process that would leave the Prime Minister free to start Brexit. Britain is drawing up contingency plans in case its Brexit negotiations with the European Union fail, a minister said Sunday as speculation mounted that the withdrawal process could start this week. Read More

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Silver, Frontier drop Cuba service amid uncertainty over new market

Silver, Frontier drop Cuba service amid uncertainty over new market

Frontier will drop Miami-Havana flights June 4. Both airlines cited lower-than-expected demand and over-capacity on routes between Florida and Cuba. There also is a great deal of uncertainty about whether US President Donald Trump, who was highly critical of his predecessor's Cuba policy during last year's presidential campaign, will maintain the air services agreement and other US ties to Cuba. Read More

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Dutch PM Begs Voters To Stop Nationalist 'Domino Effect'

The Dutch elections will be followed by two others in Europe this year - in France and Germany - also characterized by concerns about terrorism and immigration, and with populist parties offering a challenge to more established ones. The Dutch national elections, however, could see a return to bullion. Rutte's VVD and other parties have all signaled they would not welcome the provocative Wilders into any future coalition. Read More

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Pennsylvania Real Estate Investment Trust (NYSE:PEI) Fell -1.42%

The firm earned "Neutral" rating on Friday, July 8 by JP Morgan. The company reported its last quarter on Dec 16. The Company invests in real estate assets in the markets of central Birmingham and the Midlands. Regions Fincl Corporation holds 0% or 1,947 shares in its portfolio. "Washington Real Estate Investment Trust (WRE) Position Increased by Credit Agricole S A" was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. Read More

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Moneygram Stolen From Alibaba? Euronet Makes Higher Offer

Moneygram Stolen From Alibaba? Euronet Makes Higher Offer

MoneyGram's shares surged about 27 percent in premarket trading to $16.10, going above Euronet's offer, indicating investors were expecting a higher offer. "The combination of these highly complementary businesses would create a very well-positioned global payments company that would benefit customers and employees in the United States and around the world", Tuesday's press release from Euronet wrote. Read More

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Sen. Warner on confirmation of Seema Verma for CMS administrator

Sen. Warner on confirmation of Seema Verma for CMS administrator

Fisher, PhD, CAE. Seema Verma, the former head of Indiana's Medicaid agency, will lead the Centers for Medicare and Medicaid Services as Republican lawmakers seek to make significant changes to both public programs. Senator Orrin G. Hatch (R-Utah), chairman of the Finance Committee, said Verma was "the ideal candidate to oversee the reform of the Medicaid program", as she had worked well with members of both parties in IN and in other states. Read More

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Prudential increases dividend as profits meet expectations

Prudential increases dividend as profits meet expectations

The company increased operating profit in Asia by 15 percent to 1.6 billion pounds, while its US business, Jackson, recorded a 7 percent rise to 2 billion pounds. PruFund sales were up 52% to £873m. The insurer, which is listed in London and Asia , said it would pay a second interim dividend of 30.57 pence per share and total dividend of 43.5 pence, up 12 percent from a year earlier and compared with a forecast 41.62 pence. Read More

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United States department store Neiman Marcus up for sale

United States department store Neiman Marcus up for sale

The department store chain is believed to want a deal that doesn't include an assumption of debt. The company wrote down its brand and other assets by $153.8m during the last quarter. For the second quarter ended January 28, the company's revenue dropped 6.1 percent to $1.4 billion, while same-store sales declined 6.8 percent. "Our customers are increasingly deliberate and thoughtful when they shop", said Neiman Marcu CEO Karen Katz on Tuesday in a conference call to discuss the company's ... Read More

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Tillerson Used Email Alias at Exxon to Talk Climate Change

Tillerson Used Email Alias at Exxon to Talk Climate Change

Writing under the alias Wayne Tracker , Tillerson reportedly used a second email account to talk with a select group of colleagues about the dangers of climate change , among other matters, from at least 2008-2015. Oleske added that Exxon had promised to "move heaven and earth" in order to comply with the attorney general's subpoena, yet the corporation apparently failed to disclose that the " Wayne Tracker " email was used by Tillerson. Read More

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What weather dangers separate Tuesday's blizzard from other winter storms?

What weather dangers separate Tuesday's blizzard from other winter storms?

The high temperature will be 30. Snow and freezing rain was expected to continue until 10 a.m., followed by a chance of rain and snow until noon, then a chance of rain after noon. Chance of precipitation is 90 percent. Information on the city's website from Chris Kelly, streets superintendent, said Sunday's storm likely would impact the Monday morning commute and urged drivers to plan for extra time. Read More

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Idea Cellular rolls out Free Roaming Offer on Incoming Calls

Idea Cellular rolls out Free Roaming Offer on Incoming Calls

Further, the company has announced a range of International Roaming (IR) value packs with unlimited incoming calls and bundled outgoing voice calls, SMS & data. For short leisure travel, a 10-day pack can be chosen, and for longer stay, 30-day packs will be made available. Worldwide roaming rates can be costly on general basis with an outgoing call charged at around Rs 150/minute and incoming calls could cost up to Rs 50 per minute, whereas SMS at Rs 15 per text message. Read More

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What's Affecting Oil Prices This Week?

What's Affecting Oil Prices This Week?

Kuwait is scheduled to host a ministerial meeting on March 26 comprising both OPEC and non-OPEC members to review compliance with the output agreement and to discuss whether cuts would be extended beyond June. Crude oil futures slipped again after the world's largest oil producer said it had increased output. In December, OPEC agreed with 11 non-members, including Russian Federation, to cut output in the first half of this year to push prices higher. Read More

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Costa: Fucking fantastic Hazard would think about Madrid or Barca move

Costa: Fucking fantastic Hazard would think about Madrid or Barca move

Courtois has regularly been linked with the European champions this season due largely to a drop in form of Madrid goalkeeper Keylor Navas. I think that Barcelona and Madrid will put their eyes on him sooner or later. Courtois told "El Transistor" after the United game that he was happy where he was "at the moment" and added: "I am really enjoying the success we are having here. Read More

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Fuel Price Cut Tomorrow At Some Supermarkets

Fuel Price Cut Tomorrow At Some Supermarkets

The supermarket has cut its prices by 2 pence per litre meaning Asda customers will pay no more than 114.7ppl on unleaded and 116.7ppl on diesel at all of the brands 301 filling stations. It was the first of the retailers to announce a price cut. Morrison's took to Twitter to say that it would follow suit, telling its followers: "Good news for motorists!" This comes after months of price rises at the pumps as higher oil costs and the falling pound after the Brexit vote. Read More

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Trump effect? USA economy adds 235000 jobs in February

Now, that was the January rate, and we're talking about February jobs numbers. Economists had forecast 200,000 nonfarm payrolls in February, according to a Bloomberg survey . The construction industry led the way higher with an increase of 58,000 jobs, while the manufacturing and mining sectors added 28,000 jobs and 9,000 jobs, respectively. Read More

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WPI inflation for textiles rises 0.2% in February 2017

Wholesale prices climbed 6.55 percent year-over-year in February, following a 5.25 percent increase in the prior month. We remain cautious on the upward momentum of prices of oil and other base metals. The index for fuel and power (weight 14.91 per cent) also rose by 1.3 per cent to 203.8 from 201.2 for the previous month due to higher prices of coking coal, aviation turbine fuel, bitumen, kerosene, high speed diesel, LPG and lignite. Read More

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Nifty rises to record high on BJP's UP victory, Rupee gains

Nifty rises to record high on BJP's UP victory, Rupee gains

Analysts say that the decisive mandate in Uttar Pradesh in favour of the BJP removes political uncertainty from the market, which had kept investors cautious in the run-up to the announcement of the election results. Equity markets have also been enthused by macro data and company earnings in recent months that showed that demonetisation had a negligible impact on the formal sector. Read More

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Wall St set to open flat as rate hike looms

Wall St set to open flat as rate hike looms

But the Fed is focused on how many people say they are both not working and actively seeking work, and this number, reflected by the unemployment rate, is back to pre-recession levels. Among post-9/11 veterans, the unemployment rate dropped from 6.3 percent in the first month of the year - the widest margin since last April. "We're creating more jobs, we're expanding, and it isn't being coupled with inflation". Read More

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Intel to buy autonomous vehicle tech company Mobileye

Intel to buy autonomous vehicle tech company Mobileye

The two companies announced plans to put 40 autonomous BMW cars on American and European roads by the end of this year. Intel's big acquisition shows that it won't be content simply providing chips for self-driving systems . Israeli media originally reported that the acquisition would cost Intel between $14bn-$15bn, however Intel later today confirmed that they would pay a total of $15.3bn for the company at a price of $63.54 per share. Read More

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United States sends strong message to North Korea through 'attack drones'

In New York Times interview, Moon discusses need to bring North Korea back to negotiating table "Whether we put pressure and sanctions on North Korea or engage in dialogue to solve the North Korean nuclear issue, we have no choice but to acknowledge that Kim Jong-un is the person we're actually dealing with", said Moon Jae-in, former leader of the Minjoo Party and leading presidential candidate for South Korea's opposition, on March 12. Read More

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Toshiba to 'aggressively consider' sale of most of Westinghouse

Toshiba to 'aggressively consider' sale of most of Westinghouse

Plagued by cost overruns at US projects in Georgia and South Carolina, Westinghouse has hired bankruptcy lawyers as an exploratory move, sources have said - an option that could help Toshiba limit future losses. A news conference with President Satoshi Tsunakawa is scheduled for 4 p.m.in Tokyo later on Tuesday. Toshiba's unaudited net loss for the nine months through December, which the company announced on February 14, was 499.9 billion yen ($4.35 billion), and the annual net loss ... Read More

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Intel buys up Mobileye to boost autonomous driving efforts

Intel buys up Mobileye to boost autonomous driving efforts

The acquisition, reported by TheMarker citing unidentified sources, would be at a significant premium to the market value of Mobileye , which is traded on the New York Stock Exchange at a market valuation of around $10.5 billion . Intel , meanwhile, recently announced its Go computer for self-driving cars that can hold up to 28 Xeon chips. In a press statement, he elaborated: " Intel provides critical foundational technologies for autonomous driving including plotting the car's path ... Read More

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United States jobs surge clears the way for Fed to raise rates

United States jobs surge clears the way for Fed to raise rates

The unemployment rate in CT has ticked up slightly, even as the state added 5,700 jobs in January . The largest gain was in construction, with 5,900 jobs added. Many were praising the president online after the report came out on Friday. Recent polls showed that anti-Islam and anti-European Union candidate Geert Wilders has lost ground against Prime Minister Mark Rutte, but the latter warned of a surprise result in the vein of the UK's decision to leave the EU and Donald Trump's victory ... Read More

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