Business

Business Canada's trade deficit doubles to $1.1B in May
Author: 0 Canada's trade deficit doubles to $1.1B in May

Economists had expected the deficit to narrow to USD46.2 billion. The trade gap was estimated to be falling to $46.2 billion. Imports rose 2.4% on the month to a fresh record high and have increased for 6 months in succession. On the other hand, the report said the value of imports edged down by 0.1% to USD238.5 billion in May from USD238.8 billion in April. The biggest factor in the increase was imports of aircraft and other transportation equipment and parts, which soared by 45.9 per cent.

Business Oil falls on output worries; dollar up before Fed minutes
Author: 0 Oil falls on output worries; dollar up before Fed minutes

South Korea's main index rebounded by 0.36 percent and Japan's Nikkei ended up 0.25 percent. South Korean and USA troops fired missiles into the waters off South Korea to show their deep strike precision capability. However, the price has fallen back as the USA dollar index , which measures the greenback against a basket of currencies, recovered from yesterday's lows.

Business USA laptop ban lifted on Qatar Airways
Author: 0 USA laptop ban lifted on Qatar Airways

Saudia, the flagship carrier for Saudi Arabia, said this week that passengers would be able to take the electronics on USA flights from 19 July. Their announcements came three days after the ban affecting Etihad Airways was lifted on Sunday.

Author: 0 Moffett Nathanson Lowers Comcast Corporation (CMCSA) to Neutral

Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant's stock valued at $953,459,000 after buying an additional 12,839,117 shares during the last quarter. About shares traded. Information Services Group, Inc. 3,121 shares were sold by SALVA LAWRENCE J , worth $237,081. BLOCK ARTHUR R sold 7,053 shares worth $264,281.

Business ADP: 158000 Jobs Added in June
Author: 0 ADP: 158000 Jobs Added in June

At first blush the jobs report from ADP , the data-processing firm that works with Moody's Analytics in developing its monthly review, looked disappointing. Applications are likely to remain elevated as some companies like General Motors embark on extended summer shutdowns to deal will slower sales, which have led to an inventory bloat.

Business France considering a ban on all fossil fuel vehicles by 2040
Author: 0 France considering a ban on all fossil fuel vehicles by 2040

He recognised that the target would put pressure on France's vehicle manufacturers but he said they had projects which "can fulfil that promise". Hulot's announcement comes just after Volvo unveiled its plan to end the production of cars that run only on combustion engines, starting in 2019.

Business Tata Sons hits back at Mistry's allegations in AirAsia case
Author: 0 Tata Sons hits back at Mistry's allegations in AirAsia case

Reacting to Mistry's allegations of the company attempting to "muzzle and interfere with legal proceedings", Tata Sons said that it has "never resorted" to such tactics. "The move by the Tata trustees to attempt to muzzle and interfere with legal proceedings will be effectively and appropriately dealt with". The Enforcement Directorate has been investigating the issue and the outcome is awaited.

Business United sells two-year-old's seat, forces mom to fly with child in lap
Author: 0 United sells two-year-old's seat, forces mom to fly with child in lap

Suddenly, Taizo's fun was cut short. I had my boarding pass. And promptly took it. According to Yamauchi, a standby passenger reportedly proceeded to take her son's seat after she boarded the flight to Boston even though she supposedly explained to him that she had previously paid for her son's ticket.

Business Janney Montgomery Scott LLC Purchases 45892 Shares of Coca-Cola Company (The) (KO)
Author: 0 Janney Montgomery Scott LLC Purchases 45892 Shares of Coca-Cola Company (The) (KO)

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Epoch Investment Partners Inc. Coca-Cola Company (The)'s dividend payout ratio (DPR) is presently 103.50%. WARNING: This story was first published by Community Financial News and is the sole property of of Community Financial News.

Business Abbott questions 'for a mind reader': Joyce
Author: 0 Abbott questions 'for a mind reader': Joyce

The former prime minister believes Malcolm Turnbull appreciates his regular commentary as a backbencher, insisting the last thing he wants to do is be hard. "We shouldn't let the Senate go the wrong way even if it is trying to stop us from going very far in the right direction". "Senators and MPs from the National Party - which makes up one half of Australia's coalition government - Tuesday said they're "sick" of infighting between Liberal Party colleagues, saying the rift would give ...

Business Meira Kumar terms presidential contest as
Author: 0 Meira Kumar terms presidential contest as "ideological war"

The non-NDA candidate Meira Kumar is likely to get votes of all the 294 MLAs in the state Assembly, though the support of six legislature, comprising of 3 BJP MLAs and 3 GJM MLAs is still doubtful. They would discuss about upcoming presidential election. But he has assured that he will be supporting the Opposition's candidate. She said ideology was very dear to her and not empty words like for those in power today.

Author: 0 PayPal Holdings, (PYPL) Stake Held By Main Street Research

Inc. now owns 2,415 shares of the credit services provider's stock valued at $104,000 after buying an additional 649 shares during the last quarter. Norway Savings Bank increased its position in PayPal Holdings by 0.5% in the first quarter.

Business O'Reilly Automotive, Inc. (ORLY) Sees New 52-Week High
Author: 0 O'Reilly Automotive, Inc. (ORLY) Sees New 52-Week High

O'Reilly Automotive, Inc. (NASDAQ: ORLY ) has been the object of insider selling activity recently. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer's stock valued at $112,000 after buying an additional 5 shares in the last quarter.

Business Hobby Lobby Fined $3M for Smuggled Iraqi Artifacts
Author: 0 Hobby Lobby Fined $3M for Smuggled Iraqi Artifacts

But the items, which originated in Iraq, were not appropriately labeled when they were shipped into the U.S. According to the U.S. Attorney's Office for the Eastern District of NY, the artifacts were smuggled through the United Arab Emirates and Israel.

Business Stonebridge Capital Advisors LLC Decreases Position in Baker Hughes Incorporated (NYSE:BHI)
Author: 0 Stonebridge Capital Advisors LLC Decreases Position in Baker Hughes Incorporated (NYSE:BHI)

The stock price is up +30.9% over the previous year. On Wednesday, January 18 the stock rating was initiated by SunTrust with "Hold". This rating was disclosed to clients in analysts report on Tuesday, 4 July. Uptrending stocks trade above their moving averages, while downtrending stocks trade below. On average, equities research analysts expect that Baker Hughes Incorporated will post $0.01 earnings per share for the current fiscal year.

Business GST impact: MRP rules revised
Author: 0 GST impact: MRP rules revised

Thereafter, manufacturers will have to promptly send sticker which has the new MRP to retail outlets where the commodity is sold, he added. Summary: According to LMO, after the GST came into force, several complaints of establishments fleecing consumers by upping the prices were received by the department.

Business SBI PO 2017 Mains results declared, final result on August 5
Author: 0 SBI PO 2017 Mains results declared, final result on August 5

For applying for SBI PO Main exam, the candidate should be a graduate in any discipline from a recognised university or any equivalent qualification recognised as such by the Central Government. The marks scored by the candidates in the preliminary exam will not be added for the selection purposes. The marks in group exercise, out of 50, will be converted into out of 25.

Business Denim Retailer True Religion Files for Bankruptcy
Author: 0 Denim Retailer True Religion Files for Bankruptcy

True Religion announced a pre-packaged Chapter 11 filing early today, hoping to slash $350 million from the company's debt load. True Religion , founded in 2002, has about 130 stores. The Disclosure Statement notes, " The Debtors, Equity Parent, and Consenting Creditors believe that the financial restructurings, the operational restructuring (through, among other things, focused lease rejections) and the other transactions reflected in the Plan will position the Reorganized Debtors well to ...

Business Enable Midstream Partners, LP (ENBL) Upgraded to Hold by BidaskClub
Author: 0 Enable Midstream Partners, LP (ENBL) Upgraded to Hold by BidaskClub

It closed at $96.98 lastly. Samson Capital Management Llc sold 6,182 shares as Magellan Midstream Prtnrs Lp ( MMP)'s stock declined 7.68%. Crestpoint Capital Management Llc acquired 10,900 shares as Southern Co (SO)'s stock rose 4.35%. The New Jersey-based Advisors Capital Management Llc has invested 0.27% in the stock. As of quarter end Goldman Sachs Group Inc had sold a total of 16,279 shares trimming its stake by 0.3%.

Business Moody's downgrades Qatar rating outlook as crisis deepens - RT Business
Author: 0 Moody's downgrades Qatar rating outlook as crisis deepens - RT Business

Moody's in its ratings action said that, so far, hydrocarbon exports were largely spared, though a report last week from RBC Capital Markets said it couldn't write up the potential for a disruption. He went on to say that the list of 13 demands issued by the countries now arrayed against Qatar - including calls to close Doha-based broadcaster Al Jazeera - was tantamount to a demand to "surrender our sovereignty".