Australia Sees Wider Budget Deficit; Cuts Growth Outlook

Despite a surge since the May budget, Canberra is forecasting iron ore prices to decline from an average $US68 a tonne across the quarters ending March 2017 and June 2017. Economic growth was expected to pick up to 2.75 percent in 2017-18 as the detraction from mining investment eases. Inflation and wages growth are expected to be slower than forecast in the PEFO, constraining nominal growth.

Lagarde is found guilty of negligence

Lagarde maintained her innocence, saying she might have been unknowingly negligent but that she did her job as well as she could at the time , as NPR's Eleanor Beardsley has reported . Lagarde, 60, was found guilty of "negligence by a person in a position of public authority". The judge cited her good reputation and global standing as reasons why the court did not hand down a punishment.

Iran Air finalizes purchase of 100 Airbus planes

Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January, a senior official said on Monday. The US Treasury Department had also given the green light to Boeing for selling planes to Iran. U.S. President-elect Donald Trump had opposed the deal to lift most sanctions on Iran in exchange due to the curbs on its nuclear activities, and is well ahead of Iranian presidential elections in May next year.

Montana gas price up slightly

Montana gas price up slightly

Oklahoma, however, is tied with Arkansas for the nation's cheapest gas right now at an average of $2.02 per gallon. However, that mark is 41.5 cents more expensive than this time in 2015 when the average price for a gallon of gas was $1.83.

Of Vermont Sells 164 Shares of Kraft Heinz Co. (KHC)

For the ongoing Fiscal Quarter, 16 analysts have an average earnings forecast of $0.88 per share. Stock market analysts and brokers have recently amended their target prices on shares of Kraft Heinz (NASDAQ:KHC). The Kraft Heinz Company's (KHC) made a return of 5.68% in one month through last close, displaying a 0.13% return during the past three months. The 52-week high for The Kraft Heinz Company stands at -3.82% while the 52-week low stands at 30.43%.

DOJ Targets Ad Agencies With Subpoenas

Advertising is less regulated than some other media businesses, with trade bodies rather than government agencies doing much of the oversight on the major ad agency holding companies such as Omnicom , Publicis , Dentsu, Interpublic and Havas.