Markets
Nation's GDP increases in Q2
In addition, it revised first quarter growth down from 1.4 percent to 1.2 percent. The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. For the year a whole, I am now predicting real GDP growth of 2.2 percent, with 2.6 percent growth for the current third quarter. But the recent slowdown in Toronto home sales was starting to weigh on ec... [Full Article...]
Dow hits a new high as USA stocks close mostly lower
Dow Chemical edged up 0.6% following better-than-expected second-quarter numbers and Procter & Gamble ticked 0.3% higher after its fourth-quarter results. Altria Group shares tumbled 9.5 percent. While the German DAX Index fell by 0.4%, the UK's FTSE 100 Index and the French CAC 40 Index slumped by 1% and 1.1%, respectively. [Full Article...]
Manchester United make fresh move for Bale following Zidane's comments
Zidane's refusal to guarantee... Throughout the former Tottenham star's four years in Spain, he has been an undisputed starter whenever he's been fit, but circumstances now appear to be conspiring against him. The story also quotes Mourinho as having told Bale after a pre-season friendly in the USA last week: "I can't buy you because you don't talk to me!" As a result, United have been "given... [Full Article...]
NuVasive Gets a Buy Rating from Canaccord Genuity
Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of NuVasive by 70.8% in the first quarter. During the same quarter in the previous year, the business posted $0.40 EPS. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. [Full Article...]
Getty Realty Corporation (GTY) Now Covered by Analysts at Canaccord Genuity
Neuberger Berman Group LLC's holdings in Getty Realty Corporation were worth $274,000 as of its most recent filing with the SEC. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. [Full Article...]
UN Security Council Urges All Libyans to Support Calls for National Reconciliation
We look forward to working with him to help Libyans reach a political solution. "The presence of several Italian naval vessels in Tripoli's port could be required for this goal and only for this objective", LANA quoted Libya's UN-backed government's Foreign Ministry as saying. [Full Article...]
Judge expected to rule today on Cook County soda tax
A sweetened beverage tax will take effect in Chicago on Wednesday after an IL judge threw out a lawsuit by retailers that argued the measure was vague and unlawful. A judge has dismissed a lawsuit challenging a penny-per-ounce tax on sweetened beverages sold in the Chicago area, and dissolved a temporary restraining order that had stopped it from being implemented. [Full Article...]
Wellington Shields Capital Management LLC Lowers Position in BP plc (BP)
Cambridge Trust Co. increased its position in BP p.l.c.by 0.7% in the first quarter. Brandes Investment Partners LP now owns 3,507,691 shares of the oil and gas exploration company's stock worth $121,085,000 after buying an additional 50,569 shares during the last quarter. [Full Article...]