Business


Stocks indexes fall, dollar rises on rate-hike bets

Dallas Fed president Robert Kaplan, however, saw limited room to manoeuvre on rate hikes. Japan's Nikkei.N225 erased earlier gains to trade 0.1 percent lower , set for a weekly loss of 2.6 percent. All major sectors in Europe were in the red. Yesterday's session was the quietest in terms activity across Europe's stock exchanges in almost three months, according to Thomson Reuters data.



Gold down more than 1% on US Fed rate hike views

According to some comments, the markets are now determining that the minutes were dovish as the committee was split on whether and when to raise interest rates. Investors will watch Fed Chairwoman Janet Yellen as she speaks at a monetary policy conference in Jackson Hole, Wyo. next Friday. The minutes said "a couple" of officials had advocated a rate increase at the July meeting.


Premier Oil returns to profit as hopes rise of deal on debt

Premier Oil returns to profit as hopes rise of deal on debt

For the six months to June-end, the exploration company recorded pretax profit of $110.0 million, compared with a pretax loss of $214.6 million, on sales revenue of $393.8 million and $577.0 million, respectively. Premier Oil said debtlevels stood at $2.6 billion at the end of June, higher than ayear ago but down from the end of the first quarter. "We have made substantial progress with our lending group on the principal terms of a refinancing", he explained.


Wal-Mart's comparable sales beat estimates

Wal-Mart's comparable sales beat estimates

During the same quarter in the prior year, the business posted $1.03 earnings per share. This along with unfavorable currency is taking a toll on the results. Net sales at Walmart International were $28.6 billion. While comp traffic decreased 0.4%, average ticket increased 1.0%. It's also spending $3 billion to acquire fast-growing online retailer Jet.com, which it says will help it grab higher-income and younger customers.



Plains Group Holdings L.P. (PAGP) Shares are Up 7.29%

L P acquired a new position in shares of Plains GP Holdings during the first quarter worth approximately $107,000. The stock has a market capitalization of $11.75 billion and a P/E ratio of 84.67. Baird. A number of Wall Street analysts stated their opinion on the stock. 0 analysts hold "Sell" rating for the stock. Plains Group Holdings, L.P.



Cisco all set to lay off 14000 employees within few weeks

It missed the bus in 2015 reportedly due to an insider Chuck Robbins becoming CEO of the company. The latest listed company making its way into the special group of Zacks value stocks is Cisco Systems , Inc. "They need different skill sets for the software-defined future than they used to have", CRN quoted one source as saying. Cisco, which had over 70,000 employees as of April 30, declined to comment.