Markets

Stocks close at record highs

13 August 2016, 04:44

BEATING THE STREET: Macy's and Kohl's surged after the department store chains reported quarterly results that beat Wall Street's expectations despite continued competition from online outlets like Amazon.com. The Dow is up 1,151.44 points, or 6....

Leicester City: ET landing more likely than defending title - Claudio Ranieri

13 August 2016, 04:39

Keeping hold of Mahrez will be key to Leicester's success in what can only be described as one of most competitive seasons yet. Claudio Ranieri claims there is more chance of ET landing in London than Leicester winning the Premier League ag...

More Delta cancellations even as operations get back to normal

13 August 2016, 04:19

Officials from Delta Air Lines have announced more delays and cancellations Wednesday associated with a worldwide computer outage that began Monday. If you accept a travel voucher instead of a refund , you may be entitled to more. Earlier in the w...

Zach Johnson tied for John Deere Classic lead

13 August 2016, 04:18

The two-times major champion was five-under through 12 holes when storms hit, causing a 3-1/2 hour delay. But the Drake alum from Cedar Rapids was in a three-way tie atop the leaderboard, along with Patrick Rodgers and Ryan Moore. "You've just got ...

China's LeEco to invest $1.8 billion in electric car factory

13 August 2016, 03:47

But you might recall that it had recently made waves by showcasing an electric, autonomous vehicle in China, called the LeSEE. It declined to disclose when the plant will start production and it was also unclear whether the plan was approved by ind...

Huffpost Founder Arianna Huffington To Leave For Start-Up

13 August 2016, 03:49

In the announcement, Huffington revealed that she was leaving to focus on the wellness and health start-up Thrive Global , which she launched in June this year. The announcement, however, came as a surprise to many as she was expected to stay on the...

US rig count up 17 this week to 481, Texas up 13

13 August 2016, 03:15

National benchmark West Texas Intermediate crude price ended at $44.49 per barrel. Two new gas rigs went into production as well. Oil driller Baker Hughes reported the number of active oil rigs rose sharply by 15 to 396 for the week ending August 1...

Wall Street Hits 17 Year Highs 12 August 2016

13 August 2016, 03:16

Stocks were lower in morning trading Friday after a flat and disappointing reading on overall July retail sales caused a mild hangover on Wall Street, a day after investors were partying like its 1999 after the Dow, S&P 500 and Nasdaq all hit recor...

Turkey Touts 'Positive Signals' on Gulen Extradition

13 August 2016, 03:10

Turkey has requested Gulen's extradition, with a delegation of parliamentarians handing over dozens of boxes of documents to United States officials to support its case. More than 1,500 came in the first few days after the coup attempt. She added, ...

In Turkey: Police detain 17 in raids targeting Kurdish militants - Anadolu

13 August 2016, 03:02

However, Turkey's state-run Anadolu news agency said it was a bomb attack targeting a police vehicle near the Syrian border in a village called Kiziltepe. The agency said the raid was carried out Wednesday hours after Turkish military vehicles were...

North Dakota oil output drops 20K barrels daily in June

13 August 2016, 02:59

Oil price weakness is expected to continue into at least the third quarter and perhaps into the second quarter of 2017, Helms wrote. The price of North Dakota sweet crude is now at $32.25, down from $35.57 in July and $38.75 in June, according to d...

Macy's to close 100 stores nationwide

13 August 2016, 02:57

Macy's will be closing about 100 stores in an attempt to trim its footprint as more customers shop online, the department store announced today. Macy's said it would add new vendors and increase staff in its existing stores and enter into more l...

Shares rise, pound drops on United Kingdom stimulus measures

13 August 2016, 02:50

However, indicators of construction, manufacturing and services have all shown output shrank in July, which is in part why the Bank's policymakers made a decision to unleash a package of economy boosting measures today. But 2017 brings a sharp downgr...

Vail Resorts makes C$1.4-billion takeover offer for Whistler Blackcomb

13 August 2016, 02:40

Now with the purchase of Whistler Blackcomb , Vail owns 100 percent of the stock of the largest ski resort in all of North America. Whistler Blackcomb CEO David Brownlie, who will stay on as chief operating officer once the deal closes, said a m...

US stock indexes edge lower as investors weigh economic data

13 August 2016, 02:34

Macy's jumped 17.1 per cent, while fellow retailer Kohl's surged 16.2 per cent after reporting better-than-expected earnings. The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index advanced amid better-than-forecast profits...

Clinton releases tax return, blasts Trump for not doing so

13 August 2016, 02:35

Mr Trump, a hotel developer with a fortune estimated to be in the billions, has refused to release his. They paid an effective combined tax rate of 25.6 percent in 2015, according to the release. Tax experts speculate that Trump, by contrast, may p...

Macy's plans to close 100 stores, fate of Texas stores unknown

13 August 2016, 02:16

The company, which operates the upscale Bloomingdale's stores as well, said it would increase its exclusive products and would prioritize investments in the stores that offer the highest growth potential. That compares with a loss of $117 million, ...

Oil prices give up early gains as oversupply weighs

13 August 2016, 02:13

At 522.5 million barrels, USA crude oil inventories are at historically high levels for this time of year. Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barr...

Military Mom Who Was Booed and Heckled By Trump Fans Speaks Out

13 August 2016, 02:07

Don Young. Meanwhile , even as Trump's running mate, Indiana Gov. Mike Pence, issued a statement apparently created to defuse the controversy and move on, Trump surrogates including his former campaign manager and campaign co-chair went on the air...

Arianna Huffington Announces She Is Leaving Huffington Post

13 August 2016, 01:57

Subsequently, Verizon's acquisition of AOL previous year raised questions as to Huffington 's status with the company, reinforced by her own announcement several months ago of her interest in starting a new business. Huffington was also actively pu...

David Ayer Confirms Which Character Killed Robin in the DCEU

13 August 2016, 01:49

It would seem that over in Scotland, one moviegoer was so upset by Suicide Squad that they made a decision to sue Warner and DC, claiming false advertising and citing how the trailer who so different from the actual movie. Explaining the director's...

Japan bank blames Brexit as it unleashes more monetary stimulus

13 August 2016, 01:44

The European Central Bank is tipped to follow with more easing as early as September. MANILA, Philippines (AP) - European shares were mixed in early trading on Friday after a spotty day in Asia as investors were disappointed by the Bank of Japan's ...

Department stores hope to recapture previous role as destination

13 August 2016, 01:33

The location of the stores to be closed has yet to be announced. Macy's , under pressure from activist investor Starboard Value LP, is working on partnerships to monetize its huge real estate portfolio, which includes landmark properties such as i...

Moscow could cut diplomatic ties with Ukraine, Russian PM Dmitry Medvedev warns

13 August 2016, 01:31

Russia's FSB security service said on Wednesday it had thwarted "terrorist attacks" in Crimea this week by Ukrainian military intelligence and beaten back armed assaults, but Kiev fiercely denied the claims. The experts do not exclude that the announ...

Three major indexes end at records for 1st time since 1999

13 August 2016, 01:31

Acacia Communications (ACIA.O) soared 25.5 percent to $85.09 after the company's second-quarter sales doubled and Needham raised price target to $100 from $65. "It's people who are looking at the fundamentals of their business every day and seeing a ...

Judge sets December trial date in Aetna-Humana antitrust case

13 August 2016, 01:16

The judge overseeing the Justice Department's bid to stop Anthem (NYSE:ANTM) from merging with Cigna (NYSE:CI) says she will not rule on the deal until early next year , as she sets a November 21 trial date. In a note to investors, analyst Ana G...

Delta cancels hundreds more flights as it tries to resolve travel chaos

13 August 2016, 01:02

Delta spokesman Trebor Banstetter said that after a power outage at the company's Atlanta headquarters, some key systems and network equipment did not switch over to backup systems. The company, which has not yet detailed the financial impact of the ...

Department stores look to recapture their appeal

13 August 2016, 12:59

The announcement came as Macy's reported Thursday fiscal second-quarter sales and earnings that topped analysts' expectations, thanks to shoppers responding to the department store's steep discounts. Elements of that renovation will be incorporated...

US Oil Drillers Add Rigs for 7th Week in a Row

13 August 2016, 12:41

The number of rigs actively drilling for oil increased by 15, including 12 just in the Permian, while the amount of rigs primarily seeking natural gas grew by two. The Permian now accounts for 189 rigs, which equates to 48 percent of all the nation's...

United States election: Hillary Clinton releases her tax returns

13 August 2016, 12:36

While rival Hillary Clinton is once again facing politically problematic news with the new batch of emails from her tenure from the State Department showing cozy behavior between aides and her family foundation, Trump hasn't been able to make use o...

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