Business

Autos and chemicals boost U.S. industrial production in October

Autos and chemicals boost U.S. industrial production in October

In particular, the output of chemical materials jumped 12.3 percent, as factories shuttered by Hurricane Harvey returned to normal operations. Overall industrial production increased 0.9 percent following a slightly upwardly revised 0.4 percent rise in September.


Bon-Ton to close dozens of stores across its brands

Bon-Ton to close dozens of stores across its brands

Bon Ton Stores The shares had a trading volume of 166K on Wednesday. To assist the company in its four-point turnaround plan, the company has retained Alix Partners LLP and PJT Partners Inc.to provide operational and financial advisory services.


Japan Train Company Is Very Sorry for Leaving 20 Seconds Early

Japan Train Company Is Very Sorry for Leaving 20 Seconds Early

Living up to Japan's reputation for being precise as well as contrite, a train company in Tokyo delivered a formal apology on Tuesday because one of its trains left a station just 20 seconds early . It added that the train's crew has been spoken to and taught to prevent recurrences. Some people on social media were flabbergasted the company apologized, with some even recalling their bad moments with different trains.


Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks

Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks

Matsen emphasised that the recommendation is to remove oil and gas stocks from its benchmark index but that it wants to keep them as part of its "investment universe". It "does not reflect any particular view of future movements in oil and gas prices or the profitability or sustainability of the oil and gas sector", he added.


Rockwell Automation, Inc. (ROK) Shares Bought by Teacher Retirement System of Texas

Rockwell Automation, Inc. (ROK) Shares Bought by Teacher Retirement System of Texas

Cowen and Company reiterated a "market perform" rating and set a $120.00 target price (up from $102.00) on shares of Rockwell Automation in a research report on Tuesday. Following the sale, the insider now owns 21,426 shares of the company's stock, valued at approximately $3,644,562.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .


P&G proxy fiasco is black mark on CEO David Taylor

P&G proxy fiasco is black mark on CEO David Taylor

Peltz launched the proxy fight in July and in September published a white paper outlining his reasons for seeking a seat on P&G's board. "Trian strongly urges P&G to accept the Inspector's tabulation and not waste further time and shareholder money contesting the outcome of the Annual Meeting", the investment firm said in a statement .