The currency's retreat prompted the RBNZ to move forward its timetable for interest-rate increases slightly, but it hinted more aggressive action is likely if the currency remains weak. "The exchange rate has eased since the August Statement and, if sustained, will increase tradables inflation and promote more balanced growth", he added. [Full Article...]
Pivotal Research reiterated a "sell" rating and set a $8.00 price target (down from $9.00) on shares of Snap in a research report on Wednesday. Snap's announcement of the investment came on the heels of its report of disappointing financial results for the third straight quarter, sending its shares plunging. [Full Article...]
Dec. WTI oil was down 39 cents, or 0.7%, to settle at USD56.81/oz on Nymex, trimming strong recent gains. U.S East Coast gasoline inventories fell to 52.4 million barrels in the week to November 3, the lowest weekly figure since December 2014, EIA data showed. [Full Article...]
The aircraft was ferrying in from Paine Field Airport, which is a small global airport serving part of Seattle . A left engine fire reported upon landing was extinguished. No one was injured in the incident and the FAA is still investigating. Officials said the plane was carrying passengers for a ferry flight, meaning only a flight crew was on board. [Full Article...]
In an opening statement to the Senate Commerce Committee, Mayer apologized to Yahoo's users, blamed "Russian agents" for the breach and said that Yahoo quickly worked to protect user accounts and contact law enforcement. Yahoo said it's doubled its security team, while Equifax said its budget for security increased four-folds since the breach. Its chief security officer now reports directly to t... [Full Article...]
Black Friday is still two weeks away, but some stores are already releasing details about the big deals they'll be offering. This year, a number of other retailers, including Target , Macy's , and Sears , will also close stores overnight instead of staying open all night as they have done in previous years. [Full Article...]
The SI to Xenetic Biosciences Incorporated's float is 0.26%. Trevena, Inc. (NASDAQ:TRVN) closed up +0.02 points or 1.35% at $1.5 with 0.88 mln shares exchanging hands. Sears Holdings Corp. The stock's market cap is $1.38 billion. Paloma Partners Management Co bought a new stake in shares of Sears Holdings Corp. during the second quarter valued at approximately $145,000. [Full Article...]
Boston Partners now owns 6,459,237 shares of the pharmacy operator's stock valued at $519,711,000 after purchasing an additional 2,638,888 shares during the last quarter. Susquehanna Intll Gru Llp has invested 0% in CVS Health Corp (NYSE:CVS). Florida-based State Board Of Administration Of Florida Retirement has invested 0% in Cubic Corporation (NYSE:CUB). [Full Article...]