Markets
Series strong for Ford in August
BlackRock Inc. increased its stake in shares of Ford Motor by 2,991.4% in the first quarter. Candriam Luxembourg S.C.A. raised its stake in Ford Motor by 18.6% in the first quarter. In contrast to the year ago quarter EPS was at 1.38. Analysts expect that General Motors Company will post $6.13 EPS for the current fiscal year. The company announced a dividend for shareholders to be paid on Friday... [Full Article...]
Campbell Soup; Lululemon Athletica — CORPORATE REPORT
Zacks upgraded Lululemon Athletica inc. The count of Hold ratings in that period was 1. The company now has an average rating of "Hold" and an average target price of $66.37. news, Director Glenn Murphy acquired 97,728 shares of the stock in a transaction dated Monday, June 26th. Following the transaction, the director now directly owns 100,344 shares of the company's stock, valued at $5,569,092... [Full Article...]
Wall Street gains on economic data, Mnuchin tax reform remarks
USA job growth slowed more than expected in August after two straight months of hefty increases. And US consumer spending increased 0.3% last month compared with forecasts of 0.4%. Market watchers were also digesting other economic data. The sluggish wage growth follows data from Thursday that showed annual inflation in July advanced at its slowest pace in more than 1-1/2 years. [Full Article...]
Hurricane Harvey's Impact on Oil
Harvey, the strongest storm to hit the US since 2004, made landfall as a hurricane Friday, flooding cities and shutting plants able to process some 2.26 million barrels of oil a day. Yesterday, Valero said that due to flooding they were fully shutting their Port Arthur refinery. Overall, this makes it more likely that prices will rise in the short term as suppliers of crude to the U.S. [Full Article...]
How scammers duped Canadian varsity of $9.5m
In a report published on the university's website, a string of falsified emails swayed a university staff to alter electronic banking information for one of the school's major vendors. The Edmonton Police Service, law enforcement in Montreal and Hong Kong and the corporate security units of the banks involved in the e-transfers are working on the case, it said. [Full Article...]
Gas prices climb across Ontario
Sherbrooke, amounted to $ 1.21, while the price of the Saguenay has climbed to $ 1.22 and at $ 1.24 in Rimouski. At least two major pipelines - one that ships gasoline across the southern United States to NY, and another that flows north to Chicago - have been slowed or stopped since Harvey struck the Gulf region. [Full Article...]
Palo Alto Networks' (PANW) "Outperform" Rating Reaffirmed at Oppenheimer Holdings, Inc
OTR Global reaffirmed a positive rating on shares of Palo Alto Networks in a research note on Wednesday, May 10th. The stock of Palo Alto Networks Inc (NYSE: PANW ) earned "Buy" rating by RBC Capital Markets on Friday, August 4. The legal version of this report can be viewed at https://weekherald.com/2017/09/01/palo-alto-networks-panw-outperform-rating-reaffirmed-at-oppenheimer-holdings-inc.ht... [Full Article...]
US Economy Generated 156000 Jobs In August, Short Of Estimates
Friday's report follows Wednesday's private payrolls report from data processing firm ADP , which indicated that 237,000 jobs were created in the private sector during August. The average workweek for all employees slipped a fraction to 34.4 hours last month. The latest employment report reflects a rock-solid economy eight years after the end of the Great Recession. [Full Article...]