Business


New Jersey Senate approves 23-cent increase in gas tax

Chris Christie to raise the state's gas tax by 23 cents a gallon to pay for road, bridge and transit work. The Stephen Sweeney-led Senate met Wednesday afternoon and voted 22-10 to amend legislation approved June 27 by the Assembly, but the upper chamber was short the required 30 votes to bring it to the floor as an emergency measure.


Stocks fall as Wall Street heads for a weekly decline

Stocks fall as Wall Street heads for a weekly decline

Health care companies and banks slumped. DIVIDENDS IN THE DUMPS: Investors are dumping steady dividend payers like phone companies that were once beloved by investors as an alternative source of income to low yielding bonds. It has held them near zero since 2008, a factor that many market watchers cite as a key driver of the seven-year bull run in stocks. ANALYST TAKE: "September's number is still strong and adds to this week's raft of positive USA data", said Paul Sirani, chief market ...


Qatar Airways makes a major purchase of Boeing jets

Qatar Airways makes a major purchase of Boeing jets

The deal includes 30 of Boeing's 787-9 Dreamliners, 10 of its 777-300ER aircraft plus the 737 MAX 8 options. The order, due to be announced by the airline at a news briefing in Washington, D.C., on Friday, is valued at list prices. "Our partnership with Qatar Airways has grown and strengthened tremendously over the years and I look forward to the time when its fleet will feature an increasing number of both our single and twin-aisle airplanes".



Global Payments Inc. Reveals 30% Advance In Q1 Profit

The business earned $939.50 million during the quarter. During the same quarter a year ago, the Atlanta-based company earned 79 cents per share on revenue of $536.95 million. State Street Corp boosted its stake in Global Payments by 35.8% in the second quarter. "1" rated "Sell" for the company. Massachusetts Financial Services Co.


Constellation Brands Raises Guidance as Second Quarter Financials Top Expectations

Constellation Brands Raises Guidance as Second Quarter Financials Top Expectations

Mullin Thomas J retains 88,602 shares in the stock after this transaction. Constellation Brands Inc had its "outperform" rating reiterated by analysts at RBC Capital. The stock touched an intraday high of $168.68 and the buying power remained strong till the end. Shares of Constellation Brands were trading at $165.59 on Tuesday.


Yuan virtually flat on first day trading as an International Monetary Fund reserve currency

Yuan virtually flat on first day trading as an International Monetary Fund reserve currency

First of all, China has intensified capital controls and at times suspended stock exchange trading, neither of which will increase the yuan's attraction as a reserve currency . The IMF on Friday announced the launch of the new SDR basket including the yuan , effective from Saturday, saying it was a "historic milestone" for China, the IMF and the worldwide monetary system.