Markets
Crude Oil Prices Mixed in Choppy Trade
OPEC countries' imports from India increased from $5 billion in 2000-2001 to $56 billion by 2015. Participants had a "very good, very frank conversation about the new formula for fixing crude prices in the oil market, which I have launched into debate", said Maduro. [Full Article...]
US Academic Richard Thaler Wins Nobel Economics Prize
While people often behave in irrational ways, Thaler's work showed that they do so according to certain patterns. The Nobel Committee in announcing the prize for Thaler on Monday in Stockholm said his research helped lead to changes in public policy, such as employees being automatically registered in programs to save for retirement. [Full Article...]
Key Indian equity indices trade higher following Asian cues
Asian shares gained on Tuesday, shrugging off modest losses on Wall Street while expectations of a U.S. interest rate increase this year continued to underpin the dollar. Suven Life secures a Product Patent in New Zealand. Adani Enterprises Ltd's shares also lost over 4 percent after large protests were held across Australia on Saturday against the company's proposed Carmichael coal mine on enviro... [Full Article...]
Gujarat govt cuts Value-Added Tax on Petrol and Diesel by 4 percent
The petroleum minister Dharmendra Pradhan said that now it is up to state to take the responsibility and join hands with centre for the benefit of the country. The reports also suggest that the current rate cut will cost the state exchequer almost Rs 2,600 crore. "Now it is up to state governments if they are concerned with the issue (to cut sales tax or VAT )", he had said. [Full Article...]
Abbott Laboratories (NYSE:ABT) Stock Traded Above Its 50 Day Average
State Street Corp now owns 80,499,469 shares of the healthcare product maker's stock worth $3,574,987,000 after purchasing an additional 12,806,535 shares during the period. It last reported revenues of $6.64 billion and EPS of $0.62 for the June 2017, representing 24% top-line growth and 0.55 EPS growth. The dividend payment will be $0.265 per share for the quarter which comes to $1.06 on an an... [Full Article...]
McDonald's Is Going Meatless With the McVegan Burger - Are You Lovin' It?
The new meatless burger will be offered at one McDonald's in Tampere, Finland , according to Food & Wine, from October 4 to November 21. With lettuce, tomato, onions, ketchup and mustard, the new item has already set social media alight. [Full Article...]
Coca-Cola Company (The) (KO) Shares Bought by Winslow Evans & Crocker Inc
Principal Finance Grp Inc has invested 0.32% of its portfolio in The Coca-Cola Co (NYSE:KO). It has underperformed by 16.70% the S&P500. Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. BMO Capital Markets maintained The Coca-Cola Co (NYSE:KO) rating on Thursday, March 23. Canaccord Genuity maintained the shares of SWIR in report on Friday, August 7 with... [Full Article...]
Analyst Opinion Summary: Devon Energy Corporation (DVN), Whirlpool Corporation (WHR)
Devon Energy Corp New now has $18.86 billion valuation. About 806,610 shares traded. Devon Energy Corporation (NYSE: DVN ) closed its last session at $36.35. Winfield Assocs Incorporated reported 113 shares or 0% of all its holdings. Philadelphia Tru Company has 312,555 shares for 0.85% of their portfolio. [Full Article...]