Business


Greg Gianforte wins Montana, despite body-slamming allegation a day before

Republican Greg Gianforte has defeated Democrat Rob Quist and Libertarian Mark Wicks in Montana's special congressional election. Whoever wins the Montana House seat will serve through the end of 2018. "That's the Montana way", he said. "Now he needs to resolve his legal issue so that he can start off on the right foot serving his constituents", Stivers said.



Hormel Foods Corp (HRL) Position Raised by Baird Financial Group Inc

Jennie-O, a wholly owned subsidiary of Austin-based Hormel Foods Corp ., started construction on the 300,000-square-foot facility earlier this month and plans to finish by early 2019. The firm has "Buy" rating by Mizuho given on Thursday, July 30. This represents a $0.68 annualized dividend and a dividend yield of 2.05%. Hormel Foods Corp has a payout ratio of 40.7% meaning its dividend is sufficiently covered by earnings.


Trump's budget accused of $2trn accounting error

Trump's budget accused of $2trn accounting error

The plan, a reported $4.1 trillion for 2018, is certain to undergo major changes on Capitol Hill , where lawmakers rarely approve a president's budget wish list in its original form. Former U.S. Treasury Secretary Lawrence Summers thinks President Donald Trump's budget blueprint is "ludicrously optimistic" due to the "economic assumptions it embodies".



G7 communiques to include reference to trade-German source

Treasury Secretary Steven Mnuchin. "We will strive to reduce excessive global imbalances and in a way that supports global growth". The G20's reference to trade said only that they were "working to strengthen the contribution of trade to our economies".



US stocks rally after Fed minutes

The central bank is watching for evidence that a recent slowdown in the economy is temporary and that inflation is heating up toward its goal before committing to another interest rate hike, minutes from the Federal Reserve's May 2-3 meeting showed.


UK campaigning resumes 4 days after concert attack

UK campaigning resumes 4 days after concert attack

It has also drawn attention to one of the Labour leader's vulnerabilities - the fact that most British voters lack confidence in him on issues of national security and defence. If the swing to Labour were uniform across the country, May would lose seats in the House of Commons , with the Tory majority falling to two from 17, the Times said.