• Morgan Stanley beats profit forecasts, helped by trading
Morgan Stanley beats profit forecasts, helped by trading

Shares of Morgan Stanley were down 4% in afternoon trading on the stock market today. Assetmark Inc. now owns 5,323 shares of the financial services provider's stock valued at $138,000 after buying an additional 3,962 shares during the last quarter.

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  • UK December CPI Inflation Rate Hits 29-Month High At 1
UK December CPI Inflation Rate Hits 29-Month High At 1

Analysts had predicted that December would see the Consumer Price Index (CPI), which measures inflation, rise by 1.4 per cent, up from 1.2 per cent in November. The ONS said sterling weakness was a factor in rising food prices, but not the sole contributor. The sudden December jump in the Consumer Prices Index to 1.6%, much higher than expected...

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  • This Weeks Target Prices For Wal-Mart Stores, Inc. (NYSE:WMT)
This Weeks Target Prices For Wal-Mart Stores, Inc. (NYSE:WMT)

Media reports have also said, however, that Wal-Mart plans to cut hundreds or even about 1,000 jobs at its corporate headquarters by the end of the month. In the most recently reported quarter, Wal-Mart's operating expenses were 21.7 % of its net sales, an increase from 19.9% in Q3 2014 (calendar year), while its operating margin declined from 5.3%...

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  • Saudi pledges adherence to oil cut
Saudi pledges adherence to oil cut

Prices have been stuck at levels just above $50 since the start of December, boosted there by the OPEC deal. "Most OPEC members expected this, but USA shale production will be the closest monitored data after OPEC's own compliance with quotas", he said.

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  • British American Tobacco (LON:BATS) Buys Reynolds American For $49.4 Billion
British American Tobacco (LON:BATS) Buys Reynolds American For $49.4 Billion

It estimates more than $400m worth of cost-savings would be made by year three of the merger. In that 2004 merger, BAT acquired about 42% of Reynolds American. "We think (the deal) makes sense strategically and operationally and just about washes its face financially", it said. This time, BAT increased their offer price by $2 billion, and Reynolds ...

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  • More Evidence That Trump's HHS Choice Has Traded on Insider Information
More Evidence That Trump's HHS Choice Has Traded on Insider Information

Less than a week after buying the shares, Price introduced the HIP Act , which would have delayed a regulation until 2018 that was believed to have hurt Zimmer Biomet's business. Price was compliant with congressional disclosure rules, Dr. Price will comply fully with the recommendations put forward by the ethics office". The conservative Republ...

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  • European eyewear giants Luxottica and Essilor to merge
European eyewear giants Luxottica and Essilor to merge

Essilor said the merger is an effort to meet growing global demand for corrective lenses, sunglasses and luxury frames. Luxottica's shares would be delisted afterward, the companies said. Luxottica's Executive Chairman Leonardo Del Vecchio will serve as executive chairman and chief executive, while Essilor Chairman and Chief Executive Hub...

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  • International Monetary Fund affirms emerging, developing Europe 2017 GDP growth fcast at 3.1%
International Monetary Fund affirms emerging, developing Europe 2017 GDP growth fcast at 3.1%

A key driver in economic sentiment - increasing both upside and downside risk - has been the election of Donald Trump as US President, and the policy uncertainty that has brought. In contrast, the World Bank last week left its USA forecast unchanged at 2.2 percent growth in 2017 and 2.1 percent for 2018, arguing that there was too much uncertainty ...

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  • Here's how obscenely wealthy the world's eight richest men are
Here's how obscenely wealthy the world's eight richest men are

Oxfam said New Zealand's findings were consistent with other countries where the gap between rich and poor was greater than previously thought. That's according to a report by Oxfam on Monday to "mark the annual meeting of political and business leaders in Davos"‚ where Deputy President Cyril Ramaphosa is heading SA's delegation to the annual...

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  • Analysts At Investec Upgraded SSE PLC (LON:SSE) To Buy
Analysts At Investec Upgraded SSE PLC (LON:SSE) To Buy

McCarthy & Stone PLC has a one year low of GBX 129.36 and a one year high of GBX 295.00. In the past year SSE PLC's stock price has increased by 12.56% from 1373.53 to 1546. In other news, insider Jonathan Asquith bought 26,000 shares of the firm's stock in a transaction on Friday, November 11th. The shares were purchased at an average price of G...

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  • Renault Reportedly Probed Over Diesel Emissions
Renault Reportedly Probed Over Diesel Emissions

After the massive scandal with Volkswagen, independent French experts discovered dangerously high levels of harmful emissions of diesel engines of certain carmakers, including Renault . They were also looking into whether Renault "made merchandise risky for human health". The Italian-U.S. automaker denied the allegations. The fines are the...

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  • Mexico takes stand against Trump's wall
Mexico takes stand against Trump's wall

If Trump seeks to hurt Mexico on trade, there is little incentive for the Mexican government to go out of its way on behalf of the United States on other issues, they argue. In recent years, Mexico has also played a direct role , with US backing, to stem the flow of Central Americans fleeing violence in their own countries and heading to the Uni...

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  • Inauguration workers cover up 'Don's Johns' on portable toilets
Inauguration workers cover up 'Don's Johns' on portable toilets

Preparations for Donald Trump's inauguration on January 20 are well underway in DC, and of course, that means the streets of our nation's capital are lined with portable toilets. Then the National Park service said they didn't know who the workers were either. "We're trying to find out who's putting the painters tape on it", he said.

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  • Amazon Hiring For 100K New Jobs, Trump Tries To Take Credit Again
Amazon Hiring For 100K New Jobs, Trump Tries To Take Credit Again

Amazon Flex is an on-demand package delivery program - like Uber, but for pacakges - and Marketplace provides a way for retailers to sell goods on the main Amazon website. It is well on its way to becoming the second-largest employer among the Fortune 500, after archrival Walmart. In Seattle, where it recently advertised more than 8,000 jobs, th...

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  • Bank Of America (NYSE:BAC) Issued With 'Buy' Rating At Citigroup
Bank Of America (NYSE:BAC) Issued With 'Buy' Rating At Citigroup

Chief Executive Brian Moynihan, who has been criticized for being slow to cut costs, said in July that the bank would cut annual non-interest expenses to about $53 billion by 2018. Bank of America's net interest income grew 6% to $10.3 billion , while provision for credit losses fell to $774 million from $810 million a year ago.

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  • Toyota Recalls 543000 More Vehicles in U.S. due to Takata Air Bags
Toyota Recalls 543000 More Vehicles in U.S. due to Takata Air Bags

A federal grand jury indicted the former employees - Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi. Volkswagen agreed Wednesday to pay $4.3 billion in criminal and civil penalties and to plead guilty to charges that it conspired to cheat emissions standards and obstruct justice.

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  • Twitter Goes Crazy Over Modi Replacing Resembling Gandhi on Spinning Wheel
Twitter Goes Crazy Over Modi Replacing Resembling Gandhi on Spinning Wheel

Khadi workers demanded reprinting of the calendars with Gandhi's picture being featured on them. While some claim that the deviations have been there in past and it is not something unusual, PM Modi is seen in his signature kurta-pyjama-waistcoat, working on a modern charkha .

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  • Volkswagen prepares to plead guilty and pay U.S. regulators $4.3 billion
Volkswagen prepares to plead guilty and pay U.S. regulators $4.3 billion

VW is also charged with obstruction of justice for destroying documents related to the scheme, and with importing the cars into the United States "by means of false statements about the vehicles' compliance with emissions limits". The indictment also charges Dorenkamp, Neusser, Schmidt and Peter with Clean Air Act violations. It's all linked to...

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  • Should You Get Amazon's New 5% Cash-Back Credit Card?
Should You Get Amazon's New 5% Cash-Back Credit Card?

Amazon just came out with another reason to get Prime : a new credit card that will let members get 5 percent cash back on all Amazon purchases. Amazon Prime members now have one more perk to add to the plentiful pile of benefits their $99-per-year subscription secures: a credit card.

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  • Marks & Spencer share price outperforms as clothing sales rise
Marks & Spencer share price outperforms as clothing sales rise

Total sales for the United Kingdom rose 1.3 percent on a like-for-like basis, with its food division again proving popular, rising 0.6 percent in the 13 weeks to the 31st December 2016. Rowe said that " better ranges, better availability and better prices " helped to improve its performance in a "difficult marketplace". Overall, Primark's United Ki...

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