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In the short term, OPEC will downplay the renewed growth in shale output and emphasize its own compliance with announced production cuts. "If January 2017 was considered a fairly "boring" month for crude oil prices, February was even worse!" the Singapore Exchange said in a note , pointing out that Brent prices traded in one of the narrowest ranges in recent memory last month -between $54 to just over $57 a barrel.
  • John Lewis to cut nearly 400 jobs

    Markets

    The John Lewis Partnership, the parent company of the department store chain, has commenced the consultation process with 773 staff, but only around half of them will have their jobs saved if their application for the 386 new roles elsewhere in the company are successful.
  • Oasis Petroleum Inc. (NYSE:OAS)

    Oasis Petroleum Inc. (NYSE:OAS)

    Markets

    By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Oasis Petroleum Inc. Canaccord Genuity set a $13.00 price objective on shares of Oasis Petroleum and gave the company a "hold" rating in a research report on Thursday, January 12th.
  • Why Popeyes Louisiana Kitchen Inc. Stock Popped Today

    Markets

    RBI, which Eater reports bought Popeyes for a cheap $1.8 billion (compared to the $11 billion they paid for Tim Horton's), still has a long journey ahead if it ever wants to overtake the current reigning fast food chicken champion - KFC - but considering the fact that Burger King could easily incorporate Popeyes into its stores, giving us another version of the KFC/Taco Bell/ Pizza Hut combo, it stands to reason that we're about to see new and exciting things in fast food.
  • €69 fares to U.S. from Shannon announced

    €69 fares to U.S. from Shannon announced

    Markets

    Norwegian's latest transatlantic offering is not only great news for the traveling public, but also for the local U.S, Irish and United Kingdom economies as we will bring more tourists that will increase spending, supporting thousands of local jobs.
  • Treasury secretary eyes "ambitious timeline" for tax reform

    Markets

    But he said positive effects would be realized by next year. 'We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan'. The report, however, noted that the House plan could potentially be in trouble and the Senate doesn't have have one. "We're running a lot of numbers and we're taking into account a lot of issues", he said.
  • Stock on the Run: The Kraft Heinz Company (NASDAQ:KHC)

    Stock on the Run: The Kraft Heinz Company (NASDAQ:KHC)

    Markets

    The Kraft Heinz Company had a return on equity of 6.40% and a net margin of 10.44%. Revenue is expected in between 4.77 Billion and 4.61 Billion with an average of 4.7 Billion. increased its position in shares of The Kraft Heinz Company by 129.0% in the third quarter. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th.
  • Home Depot Sales, Profit Improve In Q4

    Markets

    The original version of this piece can be read at https://www.chaffeybreeze.com/2017/02/19/elco-management-co-llc-takes-position-in-home-depot-inc-the-hd.html. The third largest holder is State Street Corp, which now holds $7.92 billion worth of this stock and that ownership represents almost 4.52% of its market capitalization.
  • Dollar hold gains on hawkish Yellen, investors eye U.S. inflation data

    Dollar hold gains on hawkish Yellen, investors eye U.S. inflation data

    Markets

    US Federal Reserve Chair Janet Yellen made it clear on Tuesday that interest rate hikes are coming, and could happen at any time. "The tone is overall more hawkish than what the market had expected. RBS, Standard Chartered, Barclays and Lloyds were among top gainers, up 1.5 to 2.2 percent, buoyed by Yellen saying the Fed would likely need to raise interest rates at its next meeting .