Economy

Toshiba needs to sell the prized chips unit to cover billions of dollars of losses from its now-bankrupt US nuclear unit. The potential suitor is comprised of the public-private Innovation Network Corp. As U.S. -based Western Digital earlier filed a request for arbitration with an worldwide court, demanding exclusive negotiation rights, industry watchers said the move may still hinder the sales procedure.
  • Tropical storm watch issued for upper Texas Coast

    Economy

    But tropical storm watches and warnings had already been issued for portions of the Gulf Coast. A tropical storm warning was in effect for parts of the Venezuela coast. This cluster of storms is expected to develop into Tropical Storm Cindy by Tuesday afternoon. Water is one of the leading killers when it comes to hurricanes and tropical storms.
  • Crude prices fall as investors re-focus on U.S. supply glut

    Crude prices fall as investors re-focus on U.S. supply glut

    Economy

    US West Texas Intermediate (WTI) crude had dropped 18 cents, or 0.2 per cent, to US$47.21 per barrel. With a production capacity of about 600,000 barrels per day, Qatar's crude oil output, one of OPEC's smallest, is dwarfed by the near 10 million bpd churned out by the cartels de-facto leader, Saudi Arabia .
  • BMO Capital Raises EQT (NYSE:EQT) Stock To a Outperform Rating

    Economy

    Cary A. Bray Jr . bought $25,723 worth of stock or 421 shares. Several institutional investors have recently modified their holdings of EQGP. NY increased its position in shares of EQT GP Holdings, by 0.4% in the first quarter. The ex-dividend date was set for Wednesday the 10th of May 2017. This represents a $0.76 annualized dividend and a yield of 2.62%. EQT Corporation's stock price now sits at $52.53.
  • Crude oil supply growth to outpace rise in consumption in 2018 - IEA

    Economy

    According to the Energy Information Administration, US crude inventories fell by 1.7 million barrels in the week ending June 9, with the original market expectation registering around 2.7 million. Most analysts surveyed by Bloomberg had forecast a decline. OPEC cut its estimate of oil supply growth from producers outside the group this year to 840,000 bpd from 950,000 bpd, following the decision to extend the curbs.
  • The Belmont Stakes: What you need to know

    Economy

    Jockey Daniel A. Tudhope chose to come across the pond to ride Mondialiste in the Grade 1 race, and after a big win, the decision paid off. New Mexico's own jockey Mike Smith was aboard the horse Meantime , but it would be Tapwrit who would emerge victorious after holding off Irish War Cry down the stretch.
  • Oppenheimer Asset Management Inc. Takes Position in Vodafone Group PLC (VOD)

    Economy

    About 1,800 shares traded. TRADEMARK VIOLATION WARNING: "Fifth Third Bancorp Has $2.58 Million Position in Vodafone Group PLC (VOD )" was originally posted by Stock Observer and is owned by of Stock Observer. Therefore 50% are positive. ( NDAQ:ON ), 1 have Buy rating, 1 Sell and 0 Hold. UBS upgraded Raytheon Company (NYSE:RTN) on Tuesday, September 29 to "Buy" rating.
  • Etisalat taken over by Access bank, others due to huge debt

    Etisalat taken over by Access bank, others due to huge debt

    Economy

    The Emerging Markets Telecommunications Services, EMTS, promoted a former chairman, United Bank for Africa (UBA), Hakeem Bello-Osagie, had tried to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt impasse.
  • Tropical alert: Storm could be aiming for Florida Panhandle

    Economy

    The system is located about 265 miles (430 km) south of Morgan City, Louisiana with maximum sustained winds of 45 miles per hour (75 km per hour), the Miami-based weather forecaster said. The Gulf of Mexico is home to about 17 percent of U.S. crude output and 5 percent of dry natural gas output daily, according to the U.S. Energy Information Administration.
  • Brazilian meatpacker to sell poultry giant Moy Park in debt-reducing drive

    Brazilian meatpacker to sell poultry giant Moy Park in debt-reducing drive

    Economy

    One of Northern Ireland's largest firms, Moy Park, has been put up for sale by owner JBS, as concerns mounted over funding options in the wake of Brazil's political corruption scandal. JBS said the move is created to rebalance its finances. They later rebounded to trade down 0.075 cent at 144.925 cents. JBS shares were down 4.4 percent at 6.07 reais in afternoon trading in Sao Paulo as the benchmark Ibovespa index fell around 2 percent.
  • HighVista Strategies LLC Continues to Hold Position in Rite Aid Corporation (RAD)

    HighVista Strategies LLC Continues to Hold Position in Rite Aid Corporation (RAD)

    Economy

    Franklin Res stated it has 0.15% in Rite Aid Corporation (NYSE: RAD ). It has underperformed by 71.88% the S&P500. The stock of Rite Aid Corporation (NYSE:RAD) has "Buy" rating given on Thursday, August 13 by Bank of America. Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.26, from 1.18 in 2016Q3. Shares of Rite Aid Corporation (RAD ) are trading -61.69% downward from the 52-week high mark and 15.86% above from the fifty two-week low mark.