Business


Greece to get 'more clarity' about debt deal

The country remains dependent on bailout loans from other eurozone governments. Officials who had prepared the talks had earlier discussed a loan of 7.4 to 8 billion euros, but after talks on Thursday morning agreed on a sum of 8.5 billion which they said would provide money for the maturing debt and an extra cash buffer.


TDP leader creates ruckus at Visakhapatnam airport

TDP leader creates ruckus at Visakhapatnam airport

This is not first time, Diwakar Reddy resorted to such behaviour. Telugu Desam Party Lawmaker MP JC Diwakar Reddy Creates Ruckus in Visakhapatnam airport after being denied boarding for late entry this incident happened on Thursday early morning hours.


US Fed raises key rates for 2nd time this year

US Fed raises key rates for 2nd time this year

Earlier on Wednesday, the Labor Department reported consumer prices unexpectedly fell in May, the second drop in three months. However, markets are also concerned about the news that US President Donald Trump is being investigated by a special counsel for possible obstruction of justice.


Traders now see next Fed rate hike as soon as March 2018

Traders now see next Fed rate hike as soon as March 2018

Wall Street gave up earlier gains after the Federal Reserve announced its second interest rate increase this year, signalling another rate hike as well as a start to trimming its balance sheet this year. An eventual increase to the 2% target could occur in the medium term. Following the outbreak of the crisis in 2007 the federal funds rate swirled downwards from 5.25 percent in August 2007 to 0.25 percent in December 2008, in order to stimulate the markets after the ferocious crash.


Global shares fall on Fed rate hike, UK rate outlook

Global shares fall on Fed rate hike, UK rate outlook

Regarding inflation , the Fed sees it stabilizing but remaining below 2 percent (y/y) in the next 12 months. The increase was the second rate hike this year and the third within six months. At 4.3 per cent in May, the unemployment rate is below the level that policy makers reckon is sustainable in the long-run. The Fed's decision was almost unanimous.



JC Penney Company Inc. Holding Company

Earnings per share (EPS ) breaks down the profitability of the company on a single share basis, and for J. C. Penney Company, Inc. the EPS stands at 0.06 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.21, suggesting the stock exceeded the analysts' expectations.