The Jamaica Inventory Trade with the support of the Multilateral Investment Fund and 6 Listed Companies launched a one-of-a-sort Loyalty Programme at The Jamaica Pegasus Hotel on Thursday, November 17, 2016.
The key averages are trading in positive territory as Power shares rally and investors digest commentary from Fed Vice-Chairman Stanley Fischer. NYMEX WTI crude is climbing three.6% to $47.34/barrel, amid renewed optimism that OPEC nations will agree to cut output at its assembly next week in Vienna. On the Fed entrance, Vice-Chairman Fischer said that fiscal policy can assist enhance productivity and assist years of accommodative monetary coverage.
All 11 sectors within the S&P 500 are gaining close to halftime. In M&A information, LifeLock is climbing 15.three% to $23.3 after agreeing to a $2.three billion takeover bid from Symantec Corp. Headwaters is leaping 17.2% to $23.54 as the company agreed to be acquired by Australian construction firm Boral for $1.8 billion. Shares of Facebook are up 3.4% to $121.02 after the social media giant introduced a inventory buyback of as much as $6 billion in the first quarter of 2017. In earnings, Tyson Foods is falling 14.2% to $57.81 because the meat-producer missed profit estimates and offered disappointing ahead outlook.
Piper Jaffray says it is unsure how the Obama administration will react. It is also unclear if major companies have the ability to shortly pull back on the brand new OT rules set to go into impact on December 1 as a result of programmed changes of their payroll and IT systems.
The mission aims to construct and function a floating storage regasification unit with an preliminary capability of 100M cf that will step by step be brought up to 400M cf; the cost of the undertaking, expected to take ~18 months to finish, has been minimize to $100M from an earlier estimate of $200M.