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Venezuela's PDVSA 2016 financial debt drops 6 pct to $41 bln

Reuters Us Markets - Fri, 01/20/2017 - 07:43
CARACAS, Jan 20 (Reuters) - Venezuelan state oil company PDVSA's consolidated financial debt fell 6 percent in 2016 compared with the previous year to reach $41 billion, the company said on Friday. ...

Twitter faces core business challenges, acquisition unlikely, Pacific Crest analysts say

MarketWatch Market Pulse - Fri, 01/20/2017 - 07:43

Shares of Twitter Inc. were up 1% in premarket trade Friday after Pacific Crest analysts resumed coverage of the stock at sector weight and a price target of $14. The analysts say Twitter continues to have core business challenges such as a difficult to use platform and that there does not seem to be a simple solution to this "which suggests further stagnation is likely." The analysts say Twitter's focus on video could renew growth and focus on the real-time strengths of the platform, but Twitter would be up against a lot of competition. An acquisition of Twitter is unlikely in the near-term, they say, due to recent executive departures and a suggestion of an internal turnaround. Shares of Twitter have fallen 1% in the past three months, compared to the S&P 500's gain of 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Is the War Against Trump a Sideshow, or a Menace?

RealClearPolitics - Fri, 01/20/2017 - 07:40
Roger Kimball, PJ Media
I am not always able to peruse the comments here, but a couple of responses to my post yesterday caught my eye. I was reflecting on what I think is likely to happen in a little less than 24 hours, when Donald Trump takes office. One correspondent was exercised that, though I now support Trump, I did not mention that I was once very critical of him. I have explained that in many posts (here for example, or here or here). Perhaps I should conclude every post with a codicil in small type explaining that past performance is no guarantee of future returns, that you may lose principle, and that I...

The Supreme Court's Next Gun Battle

RealClearPolitics - Fri, 01/20/2017 - 07:39
Linda Greenhouse, New York Times
One of Justice Antonin Scalia’s last official acts before his death last February was to join Justice Clarence Thomas in complaining that the Supreme Court risked “relegating the Second Amendment to a second-class right” when it let stand an Illinois city’s ban on owning semiautomatic weapons.

UPDATE 1-P&G profit and sales beat Wall Street estimates

Reuters Us Markets - Fri, 01/20/2017 - 07:33
Jan 20 (Reuters) - Procter & Gamble Co, maker of Tide detergent and Pampers diapers, reported better-than-expected quarterly sales and profit, helped by demand for its healthcare products.

Rockwell Collins profit up, but acquisition costs weigh

Reuters Us Markets - Fri, 01/20/2017 - 07:33
SEATTLE, Jan 20 (Reuters) - Aviation electronics maker Rockwell Collins Inc reported a 10 percent rise in quarterly profit on Friday, but costs from its acquisition of seat maker B/E Aerospace caused...

US STOCKS-Futures rise ahead of Trump's inauguration

Reuters Us Markets - Fri, 01/20/2017 - 07:29
Jan 20 (Reuters) - U.S. stock index futures treaded water on Friday ahead of Donald Trump's inauguration as the 45th U.S. President.

Procter & Gamble shares rise on second-quarter earnings beat

MarketWatch Market Pulse - Fri, 01/20/2017 - 07:28

Procter & Gamble shares rose 1.9% in pre-market trade Friday after the consumer goods company beat second-quarter expectations. Earnings for the latest quarter rose to $7.9 billion, or $2.88 per share, from $3.2 billion, or $1.12 per share. Adjusted earnings per share were $1.08, compared with the FactSet consensus of $1.06. Revenue declined to $16.86 billion from $16.92 billion, compared with the FactSet consensus of $16.94 billion. The company said it expects headwinds of foreign exchange and minor brand divestitures to reduce sales growth by two to three percentage points in 2017, and estimated its all-in sales to align with the 2016 fiscal year. It expects reported EPS to increase 48% to 50% compared with an EPS of $3.69 in 2016. Procter & Gamble shares have declined 0.3% over the last three months, compared with a 5.7% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

South Carolina Boeing workers to vote on union representation-IAM

Reuters Us Markets - Fri, 01/20/2017 - 07:28
Jan 20 (Reuters) - The International Association of Machinists and Aerospace Workers said on Friday that it would file a petition for some Boeing Co workers with the National Labor Relations Board...

Trump's Journey From Degenerate "Con Man" to President

RealClearPolitics - Fri, 01/20/2017 - 07:25
S.V. Date, Huffington Post
Donald Trump has been called a con man and a huckster. An unstable pathological liar. A degenerate. And that’s just by other Republicans. At noon Friday, they and every other American will call him Mr. President. “God has a sense of humor,” said John Weaver, who ran Ohio Gov. John Kasich’s campaign during the GOP primaries

From President to Citizen Obama: A Mixed Legacy

RealClearPolitics - Fri, 01/20/2017 - 07:25
Alexis Simendinger, RCP
President Obama’s spokesman barely paused this week when asked what his boss was doing on a rainy afternoon, days before beginning the second half of a still-young life. The president, Press Secretary Josh Earnest said, was working, talking, moving ahead with initiatives to the final hour of his term.

US intervention in Syria? Not under Trump

MiddleEasteye - Fri, 01/20/2017 - 07:23

The Trump administration may recognise that the Syrian army is the only institution committed to resisting terrorism in its country

UPDATE 1-Schlumberger revenue beats on uptick in North America activity, prices

Reuters Us Markets - Fri, 01/20/2017 - 07:20
Jan 20 (Reuters) - Schlumberger NV reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered...

Oil services company Schlumberger reports shrinking Q4 loss, down revenue

MarketWatch Market Pulse - Fri, 01/20/2017 - 07:17

Schlumberger Ltd. reported a net loss of $204 million, or a loss of 15 cents per share, for the fourth quarter, after a loss of $1.02 billion, or an 81 cent per-share loss during the same quarter a year ago. Adjusted earnings for the quarter came in at 27 cents per share, in line with FactSet's 27 cents consensus. Revenue hit $7.11 billion, down compared with last year's $7.74 billion, but above FactSet's consensus of $7.07 billion. Though down from last year, revenue in the fourth quarter was up from the previous quarter thanks to the production group segment, which grew 5% due to increased hydraulic fracturing activity in the Middle East and North America, according to Schlumberger Chief Executive Paal Kibsgaard. Shares of Schlumberger have gained nearly 43% in the trailing 12-month period, outperforming the S&P 500 Index , which is up nearly 22% during the same time period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

BRIEF-Chesapeake Energy says entered into privately negotiated purchase and exchange agreements

Reuters Us Markets - Fri, 01/20/2017 - 07:17
* Chesapeake Energy - as of January 19, 2017, entered into privately negotiated purchase and exchange agreements - sec filing

P&G profit and sales beat Wall Street estimates

Reuters Us Markets - Fri, 01/20/2017 - 07:17
Jan 20 (Reuters) - Procter & Gamble Co, maker of Tide detergent and Pampers diapers, on Friday reported better-than-expected quarterly sales and profit and raised its fiscal 2017 forecast for organic...

BRIEF-Gensource announces closing of $3,000,000 non-brokered private placement

Reuters Us Markets - Fri, 01/20/2017 - 07:15
* Gensource announces closing of $3,000,000 non-brokered private placement Source text for Eikon: Further company coverage:

BRIEF-Access National declares dividend, reports fourth quarter earnings

Reuters Us Markets - Fri, 01/20/2017 - 07:13
* Access National declares dividend, reports fourth quarter earnings

Donald Trump the Revolutionary

RealClearPolitics - Fri, 01/20/2017 - 07:12
Charles Hurt, Washington Times
Not since 1980 — or perhaps 1932 — has such a political revolution hit the banks of the Potomac River. Donald Trump comes into the White House with a bright, clear mandate to make wholesale changes to every aspect of the federal government. From the darkest corners of the bloated federal bureaucracy to the bright marble columns of the Supreme Court, Mr. Trump’s mandate is as broad as it is dramatic. Illegal immigration, international trade, education, Obamacare and America’s war against terrorism are all on the table for complete overhauls.

As the Planet Warms, Trump's EPA Pick Hedges

RealClearPolitics - Fri, 01/20/2017 - 07:12
Robinson Meyer, The Atlantic
On Wednesday morning, scientists at NASA and the National Oceanic and Atmospheric Administration formally reported news that almost everyone in the climate community already knew: 2016 was the hottest year ever measured, the warmest since people began keeping detailed temperature records in 1880. It is the third year in a row that has broken the planetary heat record. A streak like this has never occurred before; the chances of this happening naturally are vanishingly small.

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