Business

Oil prices hit, markets falter amid fears of slowdown

West Texas Intermediate for June delivery rose 1 cent to US$46.23 a barrel on the New York Mercantile Exchange at 1.25pm in London. Brent crude futures were down 39 cents at $48.95 per barrel by 1400 GMT, off an intraday high of $49.72. Now, Saudi Arabia's oil minister has said that they're trying to extend the cut even further, perhaps even moving into 2018. Since the implementation of the landmark deal oil prices have soared by around 19 percent.

Business

Sinclair Broadcast to buy Tribune Media in $3.9 billion deal

Tribune Media has a slightly higher market capitalization on Friday at $3.5 billion, after shares ended trading at $40.29 each. Sinclair Broadcasting is on the verge of a deal to acquire Tribune Media, creating a local television behemoth.

Business

Centurylink CTL (NYSE:CTL) Issued With 'Market Perform' Rating At Cowen

Several research analysts recently weighed in on the company. Equities researchers at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for shares of Centurylink in a note issued to investors on Thursday. TRADEMARK VIOLATION WARNING: This story was published by [[site]] and is owned by of [[site]]. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US & global trademark & copyright laws.

Business

China April exports rise 8.0 pct, missing forecasts

Separate data published on Monday revealed that the value of the Chinese central bank's FX reserves increased by $20bn to $3,030bn in April. Last year, China met 64.4 percent of its crude oil demand with imports because of high production costs at home and favorable worldwide prices resulting from the global glut.

Business

Ascena Retail Group, Inc. (NASDAQ:ASNA) reported Market Capitalization of 769.52 Million

It has underperformed by 43.54% the S&P500. Based on their most recently released notes to investors, 0 analysts have a rating of "buy", 0 analysts "outperform", 10 analysts "hold", 0 analysts "underperform" and 1 analysts "sell". Commonwealth Equity holds 13,018 shares. Us Commercial Bank De holds 0% or 4,234 shares in its portfolio. 98,903 were reported by Zebra Cap Management Lc.

Business

Be wary of White House claims about tax plan

But that's not double. He unambiguously came out in favor of raising taxes on the rich, including himself. "By 'additional growth, ' I mean over and beyond what forecasters typically predict", said Alan Cole, an economist at the Tax Foundation .


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