Proposal to purchase then tear-down flood-prone FW residences causes friction

FORT WORTH -- For 25 years now, John Morris has called the Arlington Heights neighborhood of Fort Worth his residence.

"The history of this region, this made use of to become Camp Bowie," he said. "This is actually a very one of a kind neighborhood, and we really feel extremely strongly we want to keep the character with the neighborhood."

But he fears that character and old-time charm might soon be at threat.

Year just after year, devastating flash floods have wreaked havoc on houses within this location, near Interstate 30 and Hulen.

"I can live with flooded streets, but I can't reside with flooded homes," said City Council member Dennis Shingleton, who represents the location
So next month, Fort Worth City Council will vote on no matter whether they really should apply to get a FEMA grant that would allow them to get flood-prone homes from prepared home owners after which tear them down.

"We’re not taking anyone’s residence that does not wish to sell," Shingleton mentioned.

He says the concept of getting grassy regions rather than properties will enable the flood water to flow without risking harm to residences or people's safety.

"It's been described as taking teeth out of a mouth," mentioned Morris, who sits around the neighborhood association board
He says the board is against the idea of obtaining and demolishing homes and replacing them with small parks.

"They're not dealing with the actual issue, that is improving drainage," Morris said.

Council member Shingleton says at least eight property owners in the neighborhood have currently expressed interest in possibly promoting their residences for the city. He also says they’ve identified far more properties than that at threat of flooding.

1 such homeowner told News 8 he desires to sell his dwelling towards the city due to the fact no one else will get it or lease it for the reason that of flooding issues.

Shingleton mentioned the city has, and continues to appear at other options.

Morris worries this specific probable remedy will end up pitting neighbor against neighbor within the method.

City Council will hear a presentation around the topic at pre-council on Nov. eight, and can vote on whether or not to apply for the grant at the regular City Council meeting on Nov. 15

ExxonMobil's U.S. pumping arm suffers 7th straight lossCrude may have stopped crashing, but Big Oil is still slumping.

ExxonMobil's U.S. production company lost $477 million within the third quarter, the seventh straight quarter in the red, the business stated on Friday. Exxon, which has been below stress from authorities over its accounting techniques, also warned it may will need to write down the value of a few of its significantly less profitable oil and gas assets.
The American oil behemoth generated an all round third-quarter profit, but earnings were down 38% in the year ahead of. Income also shrank more than Wall Street had feared.
Associated: ExxonMobil may be in irreversible decline
Exxon (XOM) blamed a "challenging" environment, especially oil prices which are nonetheless also low for a lot of pricey projects to produce any economic sense. The final time Exxon's U.S. output arm created any funds was the fourth quarter of 2014, a period that began with crude sitting above $90 a barrel.
Oil prices ultimately crashed to $26 a barrel in mid-February, however they have since rebounded to about $50.
Shares of Exxon slid 2% following the results.
Wall Street could be concerned about Exxon's writedown warning. The business stated it may possibly lower the worth of about four.6 billion barrels of oil and gas, largely assets in the Kearl oil sand operation in Canada that need to have larger prices to be lucrative.

The timing on the warning will raise eyebrows. Just last month, the New York Attorney Basic plus the SEC launched separate investigations into no matter if Exxon violated accounting rules by failing to reduce the value of its oil and gas supplies amid declining costs. Many other energy businesses have taken such writedowns.
Exxon has said it's "confident our financial reporting meets all legal and accounting needs."
The low cost oil environment has left Exxon beneath financial stress. The oil giant has been forced to borrow funds to cover massive drilling charges and its generous dividend payouts. Exxon's long-term debt has greater than quadrupled to $46 billion as well as the corporation not too long ago scrapped shareholder-friendly stock buybacks.
Chevron, America's second-largest oil business, returned to making dollars following three-straight quarters in the red. Chevron (CVX) posted a profit of $1.three billion on Friday, exceeding forecasts from analysts.

Elon Musk wants to sell you a better-looking solar roof amid slowing development for panels

Like some type of 21st century Willy Wonka, audacious entrepreneur Elon Musk chose a prime spot on the Universal Studios Hollywood backlot tour to unveil his most current attempt to energize an industry - roofs that generate solar power but look like no other.

Musk, the chief executive of Tesla Motors and chairman of SolarCity, showcased a line of high-design solar roof tiles that would replace clunky solar panels and tie into an upgraded version in the Tesla wall-mounted battery for all those times when the sun does not shine. The glass solar shingles resemble French slate, Tuscan barrel tile or more traditional roofing materials with a textured or smooth surface.

“The key would be to make solar appear fantastic,” Musk said throughout the item introduction staged around the old set of ABC’s “Desperate Housewives” series, exactly where he had re-roofed four in the Wisteria Lane homes. “If that is carried out correct, all roofs may have solar.”
The move comes as California’s solar industry grapples with slowing development and other challenges regardless of aggressive state mandates to enhance the usage of renewable power.

Nationwide, sales of residential solar panels have held pretty steady inside the year ended June 30, in line with the Solar Energy Industries Assn.

In California, solar photovoltaic panel sales rose 12% within the very first nine months of 2016 compared with the very same period of 2015, state data show. But that pales compared using the 66% jump within the initial 3 quarters of 2015 compared with the identical period a year earlier.

Experts attribute the slowing to depletion of your pool of early adopters in addition to to policy modifications in California and also other states governing how solar owners are compensated for electricity they make and sell to utility companies.

Furthermore, many home owners had been worried regardless of whether Congress would renew a 30% federal tax credit set to expire at the end of 2016. Congress extended the credit by means of 2019 at 30%, right after which it gradually phases out for residential solar buyers.

The California solar market nevertheless expects 2016 to finish with an expansion.

“We’re seeing a slowdown inside the marketplace but it is not a downturn,” stated Bernadette del Chiaro, executive director from the California Solar Power Industries Assn. “We’re going to install a lot more rooftop solar this year than we did in 2015.”

A substantial driver within the solar industry may be the continued drop within the value of solar panels. The typical residential solar method runs about $8,000 with government incentives, which includes the 30% federal tax credit.

The supply of solar panels for residential and other utilizes almost doubled from 32 gigawatts in 2012 to 60 gigawatts in 2015, in accordance with Navigant Study of Chicago. That is sufficient to energy roughly 45 million houses.
But capitalizing around the falling price of solar panels has been tricky for an business that continues to struggle with other high charges like labor.

Technological advancements in rooftop solar will enable push general market sales from $3 billion in 2016 to $38 billion by 2025, Navigant projects. And by supplying shoppers a number of solar technique solutions, industry executives believe they will have an improved ability to compete using the cost of electrical energy produced by utilities.

Price and styling will probably prove vital for the industry in attracting prospects as existing solar energy owners have seen a few of the benefits of self-generating electrical energy erode. Utility corporations have complained that solar owners haven’t been paying their share in the expense to keep the network of energy lines, substations, transformers and energy plants that make up the electric grid.

Regulators across the nation have added expenses to solar energy owners like higher price tiers and mandatory charges that have enhanced per-household costs by as substantially as $10 to $20 a month in California, Del Chiaro said.

In some states like Florida, utility corporations have fought the development of rooftop solar with ballot initiatives that safeguard their monopolies on centralized energy although penalizing solar owners.

Virtually all quarters agree that the genuine future for solar - and a lot of your power sector - will depend on electricity storage, which banks solar power for when the sun is not shining. The price of electricity storage is high but, as with solar panels, is dropping quickly.

Quite a few solar firms in current months have announced partnerships with storage corporations to provide a package to consumers. Nonetheless, it remains too pricey for the average consumer.

“All of these strategic alliances are intelligent,” Del Chiaro stated. “They’re vital. We essentially must sell solar packaged with storage.”

Last week, residential solar giant Sunrun Inc., based in San Francisco, mentioned it had entered an agreement with South Korea’s LG Chem, the world’s largest supplier of automotive batteries, to supply dwelling energy storage to shoppers.

In July, Musk’s Tesla Motors presented to purchase SolarCity for extra than $2 billion. As a battery maker, Tesla combined with SolarCity gives the enterprise its personal version of a storage and solar partnership.

Tesla is anticipated in November to finalize its acquisition of SolarCity, which can be run by Musk’s cousins Lyndon Rive, who is chief executive, and Peter Rive, the chief technology officer.
But Musk, with his flamboyant style, didn't cease there. Alternatively, he is looking to one-up his competition.

Musk is operating to develop a private option power ecosystem connected by software and harmonious design and style, all under the Tesla brand name. The idea is that green-minded home owners will mix with performance-oriented automotive geeks at Tesla retail retailers to shop for electric vehicles, charging stations, solar rooftops and wall-mounted batteries for energy storage, readily available separately but designed to work finest as a system.

Friday’s solar roof unveiling also incorporated an upgraded Powerwall, Tesla’s sleek wall-mounted property battery, which can shop roof-generated solar power for household makes use of and recharge the Tesla inside the garage.

Throughout an August conference contact with analysts, Lyndon Rive all but bet the announcement would trigger growth in SolarCity sales as the firm lures home owners off the sidelines with its new design and style. Rive noted that five million U.S. homes get new roofs annually - “a genuinely huge market segment” that will not cannibalize sales of SolarCity’s classic item.

Revenue through the 1st six months of the year nearly doubled that in the exact same period in 2015, but the company’s net loss for 2016 was much more than $230 million larger.

SolarCity’s value is far from its February 2014 higher of $84.96 per share. The company’s stock price tag hovers about $20 a share now.

Julien Dumoulin-Smith, an analyst with UBS who focuses on electric utilities and option energy, mentioned new items and flashy presentations are significantly less significant to SolarCity than the fundamentals.

“What they ought to do is bring down the fees,” Dumoulin-Smith said. “The meat and potatoes difficulties for this business are much more pressing.”

In an effort to curb fees, SolarCity and home-sharing corporation Airbnb this month announced a partnership beneath which Airbnb hosts and renters are eligible for a rebate of up to $1,000 on solar panels via SolarCity. Also, SolarCity shoppers who come to be Airbnb hosts get a $100 travel credit.

With this kind of partnership, solar firms cut down the cost of consumer acquisition, a big expense.

Solar firms also have already been adding financing selections aside from the leasing model that was a signature method of SolarCity.

In June, SolarCity said it had begun supplying 10- to 20-year loans to prospects that would permit property owners to acquire the benefit of government incentives the leasing applications didn't supply. The loan program permits homeowners to own the panels without the need of large upfront charges and obtain the 30% federal tax credit - an incentive SolarCity and also other solar leasing companies claimed themselves since they nonetheless owned the solar panels.

For Musk, who just reported a surprise quarterly profit at Tesla, design has often been supreme.

The company had fashioned its Powerwall residence storage batteries with lines that complement the silhouette of a Tesla Model S; but to Musk, SolarCity’s solar panels looked like the very same commodity merchandise just about every other solar installer was selling.

He pushed the corporation to create the solution not just less expensive and more power efficient, but in addition much better looking.

"This must be an asset to your home,” he mentioned, repeating it in public appearances over the previous couple of weeks. “It needs to be so excellent that when it really is done you get in touch with your neighbors more than to show them how proud you will be.”

The new Tesla-SolarCity roof tiles will likely be readily available next summer season, Musk stated Friday, with rollout beginning in California. He didn’t give information about price or efficiency.

Musk says he spends the majority of his time on engineering and style, and on Wednesday emphasized the crucial partnership among the two in a conference get in touch with with stock analysts.

“It’s essential to possess tight handle over the production of solar panels … to possess a gorgeous roof item,” he stated. “We’ve got to become in a position to iterate swiftly and have them made exactly how we want them.”

A 2014 survey by home-solar power provider Lumeta discovered that slightly under a third of respondents deemed appearance really or incredibly essential, although slightly more than a third mentioned the appear was slightly important or not crucial at all.

“People devote a lot of time trying to create an attractive household,” stated Andy Ogden, chairman of the industrial style graduate program in the ArtCenter College of Style in Pasadena. “They do not want funny glass boxes stuck on a single side of their roof.”

Creating solar roofs a lot more desirable, he stated, “increases the number of folks who will set up solar.”

Elon Musk has ultimately figured out how Tesla can take care of Uber

In the event you haven't been paying cautious attention, you could have missed that Tesla has been eclipsed by Uber because the most fascinating organization in the world.

Never get me incorrect: Tesla continues to be really, quite interesting.

But Uber has captured the startup Zeitgeist within the very same way that Tesla did a decade ago and ridden that wave to a $60 billion-plus valuation, when Tesla has to content itself having a mere $30 billion market cap.

Electric automobiles are just so 2010. In 2016, ride-sharing will be the New New Factor, and everyone within the transportation enterprise is wanting to figure out if Uber can combine ride-hailing with all the New New Items - self-driving automobiles - and establish a mind-warping paradigm shift.

That is why Uber's debut of an experimental self-driving fleet of vehicles in Pittsburgh was such a significant deal. If Uber can scale that thought, it would possess the prospective to monopolize on how billions of persons worldwide get from point A to point B for subsequent hundred years. Travis Kalanick's startup would quickly advance beyond being just a tech'd-up taxi service.

There would suddenly be far fewer justifications for owning a vehicle.

A Muskian mood swing
Tesla CEO Elon Musk formerly was not all that hot on the entire de-ownership idea for two factors.

First, it did not make intellectual sense to him - he saw people today sharing their living spaces by way of Airbnb, but like a great deal of individuals inside the vehicle business enterprise, he didn't consider that widespread car-sharing was going to displace the conventional ownership model.

Second, Tesla is deeply invested in the ownership model. It requires clients to become willing to go into debt to finance its highly-priced electric automobiles. Even a less costly mass-market EV for instance the Model 3 will call for a car or truck loan or some variety of lease - consumers simply aren't going to possess $35,000 in cash lying around.
But Musk is practically nothing if not adaptable, and he knows that Tesla's decade of mindshare dominance could be coming to an end. Tesla has 500,000 automobiles to create in 2018, and Musk understands that it really is not attainable to shift away from the premise that Tesla would make EVs then sell them - the organization model would not tolerate it.

I believe he's likely been losing a bit of sleep more than Uber's ascent and its recent, rather amazing self-driving rollout. So he and his team have had to come up using a method to diversify Tesla into some kind of quasi-de-ownership business enterprise to prevent getting steamrolled.

Within this context it really is worth noting that Uber is unencumbered by Tesla's commitment to EVs - Uber cars could be powered by anything. So Kalanick has flexibility exactly where Musk doesn't.

The Tesla Network
The resolution for Tesla is economic, and it really is known as the Tesla Network.

After Tesla reported third-quarter earnings and its very first profit in 3 years this week, Musk was asked through the company's earnings contact regarding the Network, that is what the enterprise will likely contact a car-sharing network for owners.

Here's the exchange among Musk and Dougherty analyst Charlie Anderson (emphasis added):

Anderson: "Is it a thing that may create revenue for Tesla? Does it assist develop future goods, etc., at a affordable gross margin? Or is it something that you'll use far more for market place share get, enable individuals offset the price tag from the car long term?"

Musk: "I believe it's a bit of both, definitely. This would be anything that would be a considerable offset around the expense of ownership of a automobile and after that a revenue generator for Tesla at the same time. Certainly, the majority from the economics would go to the owner in the car or truck. Occasionally it's been characterized as Tesla versus Uber or Lyft or something like that. It's not Tesla versus Uber; it really is the people today versus Uber."

That final bit has been, I consider, erroneously characterized as fighting words - a verbal salvo fired in the cannons of that stout old battleship the USS Elon Musk across the pirate bow from the upstart privateer Travis Kalanick.
That's a misinterpretation of Musk's pondering, for those who ask me.

What Musk was truly acquiring at was the lost worth that nearly all vehicle owners endure for the reason that their vehicles sit idle many of the time. If you acquire a $100,000 Tesla Model S, you make payments on the vehicle but could use it for only an hour or two per day. All it does it drop you money.

The Tesla Network would enable you to work with Tesla's forthcoming sophisticated Autopilot options to permit someone else to "rent" your car or truck whilst you're aren't driving it. An unproductive - and depreciating - asset could develop into a productive one particular.

You would must cope with further wear and tear, not to mention the sanitary habits of borrowers - and, naturally, a lot of persons who commit a hundred grand on a high-tech luxury car are going to possess no interest in letting a person borrow it. But you'd be a leg up on how Uber wants you to operate, without even an idle asset to monetize
That's what I think Musk meant by his "the persons versus Uber" comment. (I reached out to Tesla for clarification, but it really is busy ideal now, so I will update this post if and when I hear back.) The persons are Tesla shoppers who could personal a vehicle that they could use around the Tesla Network - Tesla would make them financial players within a way that making use of Uber wouldn't.

It really is obvious that Musk has been grappling having a solution to adjust his mind on ride-sharing/ride-hailing/de-ownership because the market place shifts around him. The Tesla Network sounds like a affordable method to get in on the new action with out ruining Tesla's bread and butter, now and for the future: selling cars, and lots of them.

Because the resolution is a compromise, I'd hesitate to label it brilliant. But as our most current Nobel laureate in literature as soon as put it, the instances, they are a-changin'.

And Musk is no enemy of modify.

The AT&T-Time Warner Merger: A Match Built on Hope

Is AT&T’s $85 billion bid for Time Warner the triumph of hope over experience?

It is certainly true that the last two mega-mergers involving Time Warner fell far short of their promise. After the 1989 marriage of Time Inc. and Warner Communications, for instance, it took seven years for investors to see any real gains in the combined companies’ stock.

But even that painful deal paled in comparison to the 2001 merger of AOL and Time Warner. That was the worst combination in corporate history, at least until 2008, when Bank of America bought Countrywide Financial, the toxic mortgage lender.

This time it’s different, contends Randall L. Stephenson, AT&T’s chairman and chief executive. He called the merger “a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers.”

There’s something for all investors in this corporate marriage, AT&T says: Those seeking earnings growth will benefit as well as investors on the hunt for income. For one thing, the company expects the combination to begin adding to earnings the year after it closes - a quick turnaround by traditional standards. And it also says the takeover will improve its so-called dividend coverage. That’s the measure of how much excess cash AT&T has to cover its 5.3 percent dividend.

Company executives always make promises when they announce big deals. But talk is cheap, delivery costly.

This holds especially true for telecommunications shareholders. “The telecom industry has many examples of deals which failed to reach their potential, or destroyed significant value, including investments in content,” Simon Flannery, an industry analyst at Morgan Stanley, wrote in a note published on Monday. After one year, his research shows, the top quartile of telecom deals generated positive returns of around 6 percent; the bottom quartile, meanwhile, showed a roughly 25 percent loss in value.
I wanted to ask Mr. Flannery for more details, but a Morgan Stanley spokeswoman said he was restricted from commenting because the firm is an adviser on the AT&T-Time Warner deal.

AT&T shareholders would surely welcome a lift in earnings if the Time Warner deal were to deliver one. A more immediate concern for investors may be what the merger will mean to the future of AT&T’s beloved dividend. These payouts have been the main reason to own what has otherwise been a lackluster stock.

AT&T’s dividend of 5.3 percent per year, well above the 3.6 percent paid by its peers, according to Bloomberg, has been a lure for investors. It also may have lulled them into complacency about the company’s operations over the years.

During the last five years, AT&T shares have gained 25 percent versus a 67 percent rise in the Standard & Poor’s 500-stock index, not counting dividends. The company’s operational performance has also disappointed. In 2015, AT&T’s net income was 27 percent below the level of two years earlier. Revenue growth is one area where AT&T has outpaced its peers, but much of the 11 percent increase in 2015 from the year before was attributable to AT&T’s purchase of DirecTV and Mexican wireless operations.

Some analysts think the deal for Time Warner could put a dent in the rich AT&T dividend. “Investors should be cautious because in order to maintain the dividend, AT&T has to take on a huge amount of debt,” said Ginette Rowe Beecherl, an analyst at Greenbrier Partners, a money management firm in Dallas. “To the extent that their assets decline as their technology is supplanted, will they really be able to support such a high dividend?”

Brad Burns, an AT&T spokesman, said the company was confident in its ability not only to sustain the dividend, but also to raise it. He said free cash flow generated by Time Warner would help the combined companies bring down debt ratios by the end of the first year after the deal closes. And four years after, the company will be back to its historical target debt range, he said.

“That’s why on Saturday, we announced we’ll increase our quarterly dividend for the 33rd straight year,” Mr. Burns added.
Among the 500 companies in the S.&P. index, AT&T is the fourth-largest dividend payer in aggregate dollars, said Howard Silverblatt, senior index analyst at S&P Global. This year, AT&T is expected to pay some $12 billion in dividends. Only Exxon Mobil, Apple and Microsoft pay more.

In recent years, AT&T’s dividend payouts have accounted for 60 to 70 percent of the company’s free cash flow. This compares with a 40 percent average dividend payout ratio among S.&P. 500 companies currently.

To conclude the merger, AT&T’s debt will rise to over $190 billion, from about $126 billion, according to Mr. Flannery at Morgan Stanley. He wrote that this debt load could put the dividend at risk if AT&T’s business deteriorated or its capital expenditures and interest costs rose.

Shareholders are not the only ones benefiting from AT&T’s sumptuous dividend. Some of the incentive pay received each year by Mr. Stephenson and his top lieutenants is tied to the total shareholder return of the company’s stock. AT&T’s hefty dividend makes a big contribution to that total return measure.

Last year, Mr. Stephenson received a compensation package of $25 million, the company’s proxy filing shows. He was the 38th-highest-paid chief executive in 2015, according to Equilar, a compensation research firm in Redwood City, Calif.

“AT&T is not a technology company, not a services company and not a utility company - it’s a dividend-paying company.” Ms. Beecherl, the Greenbrier analyst, said. “if it pulls off its latest gamble to remain relevant by acquiring Time Warner, investors will be left with a company with one of the highest levels of debt in the world while its technology is supplanted, and its C.E.O. receives $25 million a year.”

Mr. Stephenson may well be right about the promise of the Time Warner deal. But judging by the 5 percent loss in AT&T shares since the deal was announced, it seems that quite a few of his shareholders aren’t sticking around to find out.

Here?ˉs what?ˉs in retailer for crude oil in November

Oil futures are on track to end October with a achieve, however it may be the smallest rise in eight months, as traders weigh the prospective achievement or failure of a program by important oil producers to cap crude output.

The Organization of the Petroleum Exporting Countries?ˉs formal meeting on Nov. 30 is probably to become the significant headline occasion subsequent month, but market place watchers point out that it?ˉs only one of several.

?°Oil has created a narrow base soon after getting itself substantially higher than the early-2016 bottom,?± said Adam Koos, president of Libertas Wealth Management Group. ?°This base represents indecision on the element of traders, who are more than likely booking profits and waiting to view what value will do over the coming weeks.?±

?°Unfortunately for oil bulls, you'll find a lot of clouds on the horizon, like but not restricted to:?± monthly oil reports in the International Energy Agency, Energy Facts Administration and OPEC, information on U.S. shale oil production, plus the U.S. presidential election, he said.

As the industry headed toward a brand new month of trading, West Texas Intermediate oil futures CLZ6, -1.58% finished Friday at $48.70 a barrel around the New York Mercantile Exchange, logging for their first weekly loss in six weeks, in accordance with FactSet data. With one trading day left for the month, rates primarily based on the most-active contracts were set to end October using a gain of about 1.1%?awhich could be the smallest month-to-month improve because February.

?°The shift in OPEC?ˉs stance toward limiting production supplied the major assistance to modest oil gains in October,?± stated Rob Haworth, senior investment strategist at U.S. Bank Wealth Management.

OPEC suspense
OPEC announced its plans on Sept. 28 at an informal meeting in Algeria to cap production to between 32.5 million and 33 million barrels every day for its 14-member group.

In the time, it said it wouldn?ˉt full details in the proposal, such as individual quotas, until Nov. 30. With OPEC?ˉs output pegged at about 33.39 million barrels per day in September, members would need to reduce production to reach that target.
“An agreement is one particular thing, implementation with the agreement is some thing else,” stated Anas Alhajji, an independent energy professional and former chief economist at NGP Power Capital Management.

He described OPEC as “irrelevant”-an assessment that won’t adjust ”even if members agree on a freeze or perhaps a reduce or maybe a combination [of] each.”

“A freeze won't eradicate the [supply] surplus,” he mentioned. “In the case of a cut, the agreement is really a cover for a reduce that would have happened anyway.”

Saudi Arabia production tends to slow this time of year because the country’s domestic demand sees a seasonal slowdown-and with WTI prices trading greater than 30% larger year to date, OPEC members have worried about losing marketplace share to non-OPEC producers which include the U.S.

The dollar plus the Fed
Oil has also been influenced by moves in the U.S. dollar, and a prospective dollar-moving occasion is set for Nov. two when Federal Reserve officials total a two-day monetary policy meeting.

The central bank isn’t anticipated to raise rates at that meeting, but may provide clues around the likelihood of 1 at its final meeting with the year in December.

Study: Fed anticipated to tee up December interest-rate hike

The U.S. labor market appears to become close to full employment in the Fed’s perspective, mentioned Troy Vincent, oil analyst at ClipperData. Offered that along with other upbeat economic data, he expects to find out a 25 basis-point hike in December, “just so the Fed can save face immediately after crying wolf for every single month this year.”

With most expecting the Fed to raise prices ahead of the finish with the year, the dollar has identified support. The ICE U.S. Dollar Index DXY, +0.26% a measure from the greenback against a basket of important rivals, was poised to finish the month with a achieve of roughly 3%.

Continued strength within the dollar “would be the predictable result, which should really start to pressure oil and commodity prices,” given that they're quoted inside the greenback, Vincent stated.

Election uncertainty
Meanwhile, Election Day looms on Nov. 8.

Analysts have pointed out the difficultly in figuring out which presidential nominee will be the better decision for the oil industry.

Republican nominee Donald Trump’s aim to produce the U.S. completely power independent and remove restrictions on drilling on federal land makes him seem to be the candidate mainly likely to advantage the oil market place, analysts said, but Democratic nominee Hillary Clinton’s plans to make the country a “clean power superpower” may restrict oil production and essentially deliver a enhance to oil costs.
Vincent said a win by Clinton is likely priced into the oil markets, but if Trump wins, “this would undoubtedly imply some volatility as markets reassess.”

News on Friday that the FBI is restarting a probe into Clinton’s emails, having said that, may well make a win by Clinton additional uncertain.

U.S. oil stats
Data from the EIA, meanwhile, has shown development in domestic production around the back of rising U.S. oil-rig counts.

Oil prices have “leveled off here near month end, reflecting fears of rising U.S. oil production in response to…higher prices,” stated U.S. Bank Wealth Management’s Haworth.

Total domestic oil output rose by 40,000 barrels every day to eight.504 million barrels per day for the week ended Oct. 21, in accordance with EIA. Baker Hughes BHI, +1.43% meanwhile, reported Friday that the amount of active U.S. rigs drilling for oil fell by 2 for the week to 441, for the first decline considering that June.

“The important in November is going to be inventory trends,” stated Haworth.

The EIA reported Wednesday that U.S. crude stockpiles unexpectedly fell by 600,000 barrels for the week ended Oct. 21. That was the seventh weekly fall in eight weeks.

“Inventory drawdowns have been fairly strong more than the past month, but that might not be the case as we completely enter the winter season, turning back clocks and cutting demand in our common seasonal fashion,” Haworth stated.

“Unless financial growth delivers a good surprise, or there is certainly a surprise shutdown in worldwide production, oil rates are probably to be beneath stress inside the near term,” he mentioned.


A much-debated trade deal between the European Union plus the United states of america isn't dead and negotiations will continue with all the new U.S. administration right after November's elections, EU Trade Commissioner Cecilia Malmstrom said on Saturday.

related agreement between the EU and Canada can finally be signed on Sunday after resistance from Belgian local governments led to a last-minute blockade with the agreement, which was seven years in the producing.

Paul Magnette, the premier of Belgium's
region of Wallonia, who led opposition to the Canadian trade deal, told his parliament on Friday that using the concessions he managed to agree, the Transatlantic Trade and Investment Partnership (TTIP) was "dead and buried."
mentioned she disagreed with that assessment and operate would continue together with the new U.S. administration.

just isn't dead, but TTIP isn't yet an agreement," she told reporters immediately after a ceremony in Brussels, in which Belgium signed its addendum towards the Comprehensive Financial and Trade Agreement (CETA) with Canada.

"The U.S. election will naturally bring the negotiations to a pause and
we'll resume following with the new administration," she added.
Both TTIP and CETA have sparked demonstrations by unions and protest groups who say the agreements will bring about a "race to the bottom" in labor, environmental and public wellness standards and enable massive small business to challenge democratically elected governments across Europe.

Washington and Brussels
had been committed to sealing TTIP ahead of President Barack Obama leaves office in January, but each sides now recognize that this can not come about.

Some European politicians have
referred to as for TTIP talks to become halted and relaunched soon after the U.S. presidential elections with greater transparency, clearer targets plus a various name.

stated lessons from the Canadian negotiations would help in producing a handle the United states.

in the experiences, some of the procedures that we have skilled with CETA, will also be reflected in our operate on TTIP," she said

Tesla CEO Elon Musk Aims to create Solar Panels as Attractive as Electric Cars

Elon Musk desires to produce solar-roof panels as attractive as his electric luxury automobiles.

Mr. Musk, who's chairman of each Tesla Motors Inc. and SolarCity Corp., laid out in broad strokes his vision for how his proposed merger of your two organizations would lead to an integrated method of solar panels, wall-mounted batteries and electric cars.

?°People generally feel of Tesla as an electric-car organization, but really the whole point of Tesla was to accelerate the advent of sustainable energy,?± Mr. Musk said on a stage at Universal Studios in Los Angeles surrounded by houses outfitted with glass solar tiles roughly the size and shape of roofing shingles.
“The goal is…to make solar roofs that look improved than a normal roof, generate electricity, final longer, have better insulation and an installed cost that may be less than a standard roof plus the cost of electricity,” he stated.

The audience greeted his words with cheers of encouragement, including an attendee who yelled, “Save us, Elon!”

Shoppers equipped with all the products with the combined firms could create enough clean power to help lower global greenhouse gases, he mentioned, and score points with neighbors.
“The crucial is seriously to create solar one thing desirable where in the event you set up a solar roof in your residence, you are genuinely proud, you wish to put it around the most prominent portion in the residence, you desire to get in touch with your neighbors over and say, ‘Check out the sweet roof,’” Mr. Musk said.

The new item comes as Mr. Musk operates to persuade shareholders to approve Tesla’s proposed $2.2 billion acquisition of SolarCity.

He is anticipated to disclose his expectations for the combined company’s financials on Tuesday.

In contrast to standard solar panels, in which photovoltaic cells are assembled into a rectangular glass frame that's installed onto the roof of a constructing, Tesla and SolarCity have developed glass roofing tiles which are embedded together with the devices that convert sunlight into electricity.

SolarCity, that is the biggest U.S. home-solar-panel installer, would most likely target the items at property owners. Mr. Musk didn’t provide information as to how, precisely, every corporation would contribute to the venture.

Tesla plans to create 4 distinctive glass roof tiles: an American-style textured glass tile; another that resembles a French slate roof; a third which has a smooth, contemporary look; in addition to a Tuscan tile that resembles Italian terra-cotta roofing components.

SolarCity has stated it plans to start making solar goods subsequent summer time at a factory in Buffalo, N.Y. Mr. Musk didn’t say just how much the solar tiles would cost.

Mr. Musk mentioned Tesla’s newest generation household battery, named the Powerwall 2, would expense $5,500, and could store and offer 14 kilowatt-hours of electricity, enough to power a four-bedroom dwelling for any day. The earlier model had about half that capacity.
Tesla and SolarCity are unprofitable, and SolarCity is low on money and within a different sector, which has led some analysts and investors to question the mixture. Mr. Musk, however, has pitched the merger as portion of a “master plan” to develop a organization that tends to make clean transportation and power goods aimed at helping the globe transition to a low-carbon economy. Shareholders on both sides in the transaction are scheduled to vote on the merger on Nov. 17.

Tesla reported a surprise third-quarter profit on Wednesday, helped by record auto sales and efforts to make its operations more cost-effective. Mr. Musk stated the organization didn’t should raise money this quarter and that he could bring to market place the Model three midprice electric auto next year with no raising additional funds, even though he recommended it may well be prudent to do so. He is based upon demand for the $35,000 sedan to help boost production to 500,000 vehicles in 2018 from about 50,000 final year, producing money to assist fuel his ambition to promote electrical energy over fossil fuels.

Mr. Musk has been constructing a case for the merger as aspect of his long-term vision for Tesla. He aims to transform the 13-year-old corporation from a niche maker of luxury cars into a vertically integrated transportation firm that aids customers create solar power, store it and use it to fuel cars that at some point will drive themselves-and spend for themselves via a proprietary car-sharing network.
SolarCity, for its aspect, sells solar panels mostly to homeowners, even though in addition, it markets to industrial property owners. Additionally for the panels, the San Mateo, Calif., organization sells and installs batteries, made by Tesla, that connect to the panels as a way to store excess energy at houses and workplace buildings.

Tesla sells its stationary energy-storage batteries to other installers as well, for an array of applications.

The firms program to manufacture solar panels within a Buffalo, N.Y., factory that is definitely financed partly by state taxpayers. New York state has spent about $480 million to construct the facility and yet another $120 million on manufacturing gear, stated a spokesman at Empire State Improvement, the state agency overseeing the project.

SolarCity, in return for government help, has promised to devote $5 billion in New York more than ten years and build 500 jobs in Buffalo, plus a large number of positions elsewhere within the state.

Tesla has agreed with Panasonic Corp. to produce its own panels in the factory, which SolarCity would then set up on the roofs of properties and possibly commercial buildings.

Some analysts are skeptical that Tesla and SolarCity can kick-start a brand new organization for the solar-roofing solution that would considerably boost income.

“It’s really hard enough to be a successful auto corporation with no commingling the dangers related to solar-panel adoption simultaneously,” stated Jamie Albertine, an analyst at Consumer Edge Study LLC.

The combined Tesla-SolarCity would face a slowing customer market place for solar panels, at the same time as falling rates.

U.S. residential solar panel installations are most likely to develop 23% this year and 17% to 18% in 2017, according to forecasts by clean-energy study firm GTM Study. That compares to 66% development in 2015 over the previous year. The development price is slowing as the market place matures in California, exactly where about half the nation’s household panels are installed, and installers are discovering it extra expensive to reach the subsequent wave of homeowners, mentioned Shayle Kann, GTM’s vice president of research.

“This can be a market that has historically, by means of 2015, been growing at a lot more than 50% a year, and it is actually not performing that this year and won’t do that any longer,” he mentioned. “It’s reverting back to more incremental, but hopefully sustainable, growth.”

Wholesale rates for high-quality Chinese panels have fallen to an typical of significantly less than 40 cents a watt, from 55 cents a watt earlier this year, in line with analysts at Deutsche Bank AG.

Cash-strapped SolarCity has mentioned it truly is functioning to reduce its expenses and shore up its balance sheet. The firm spent $751 million in 2015 on sales, administrative and analysis expenses, 88% a lot more than its annual revenue of $400 million and the $399 million it spent the previous year. This year through June, the enterprise spent $438 million, 42% extra than its revenue of $308 million. The firm had $146 million in cash, as of June 30, compared with $421 million of cash it had a year earlier.

SolarCity raised $305 million in September through a money equity transaction with Quantum Strategic Partners Ltd., the hedge fund of billionaire investor George Soros. It sold $100 million of bonds final August to Mr. Musk, SolarCity Chief Executive Lyndon Rive and SolarCity Chief Technologies Officer Peter Rive.

Standard Electrical Pursues Manage Baker Hughes

Common Electrical Co. is in talks to merge its oil-and-gas enterprise with Baker Hughes Inc., in accordance to individuals acquainted using the matter, a transaction that would dramatically reshape the industrial giant.

GE has approached the oil-field-services business about a deal, the men and women explained, but details of the talks couldn’t be learned plus they could break down just before an agreement is reached.

A deal-which might be well worth upward of $20 billion-could be structured this kind of that GE combines the companies and spins them right into a new publicly traded corporation. This kind of a transaction would support the maker of jet engines and locomotives distance itself in the battered vitality market.

“We are in discussion with Baker Hughes on likely partnerships,” a GE spokeswoman stated soon after The Wall Street Journal reported that GE was in talks to acquire Baker Hughes. “While nothing is concluded, none of those choices include an outright purchase,” she additional. Baker Hughes declined to comment.

Houston-based Baker Hughes, which had a market value of $23 billion at Thursday’s close, had revenue of $ billion last yr. GE, which had a market place value of $259 billion, had $16.five billion in revenue from its oil-and-gas organization last 12 months.

Baker Hughes shares closed Thursday at $54.55 and rose 7% after hrs, soon after the Journal reported to the talks.

In 2014, Baker Hughes agreed to sell itself to rival Halliburton Co. for $35 billion, or $78.62 a share. Earlier this yr, the Justice Division filed a lawsuit to block the proposed merger, plus the deal fell apart.

Baker Hughes is probably the biggest oil-field-services providers from the planet by income. Such providers help vitality producers, from Texas wildcatters to nationwide oil companies, locate and extract oil-and-gas deposits by offering them tools, renting equipment, supplying labor and developing worker camps in far-flung drilling fields-all of which have aided electrical power the U.S. drilling boom.
Before Baker Hughes and Halliburton had to abandon their merger earlier this year, the providers held talks with GE to promote a package deal of assets valued at more than $7 billion to help win regulatory approval, persons familiar with all the matter have stated.

A combination with Baker Hughes, which could possibly be amongst GE Chief Executive Jeff Immelt’s most significant deals, could also be applied being a vehicle to separate GE’s other companies from one particular that has been dragging down its leads to current many years. The corporation has carried out in excess of $14 billion of acquisitions considering that 2007 to create its oil and gas small business.

Mr. Immelt has pledged to be opportunistic about oil-and-gas acquisitions and predicted that GE would exit from your oil downturn which has a lean organization as well as a solid position against rivals such as National Oilwell Varco Inc. and Schlumberger Ltd.
But some, like Trian Fund Management LP, the activist investor that took a $2.five billion stake in GE last yr, have publicly urged the enterprise to emphasis on purchasing back its very own shares and pivoting back towards 3 industrial sectors: energy turbines, jet engines and health-related scanners.

When Trian announced its GE investment, it mentioned the business “must be additional disciplined” in its deal producing and referred to as GE’s record of more than $30 billion in acquisitions in excess of the past five years “mixed.”

Trian praised GE for its 2015 determination to exit from nearly all of its financial-services organization and said the corporation could drive up its share price tag by cutting fees, improving revenue margins and borrowing approximately $20 billion to buy back shares. It said GE wanted to commit to acquisitions that paid off greater than getting back the stock.

In latest months, GE has advised more debt was likely to be made use of for acquisitions. Its shares have finished tiny in the previous yr and are even now effectively under their higher of more than a decade in the past.

Baker Hughes has its very own activist holder. ValueAct Capital Management LP obtained a stake soon after the Halliburton deal was announced that may be now at 7%. ValueAct had advised Baker Hughes could sell no less than a few of its firms.

Earlier this week, Baker Hughes explained its third-quarter loss widened on costs connected to its cost-cutting efforts. Its revenue was hurt by continued weak demand and pricing pressures.

Boston-based GE, which makes a assortment of industrial equipment from jet engines to MRI machines, also generates hefty gear like blowout preventers, pumps and compressors utilized in petroleum exploration and manufacturing. The company is beneath escalating stress to display that its 2015 pivot far from fiscal providers and its renewed focus on industrial enterprises is yielding advantages for traders.

While in the fall of 2014, GE assured traders that its assumptions of growth were based mostly on oil costs at all around $100 a barrel-just in time for the bottom to fall out of the crude marketplace, triggering cutbacks in capital investing that have hammered GE’s income and revenue. Earlier this month, GE minimize its full-year income forecast immediately after reporting declining third-quarter orders inside the section.

GE predicts operating revenue in the oil-and-gas unit will likely be down by 30% for your year, and it is cutting greater than $1 billion in prices from the company in excess of two many years. You will find “incremental expense actions” nevertheless to be created in the company in 2017, Chief Monetary Officer Jeffrey Bornstein mentioned last week on GE’s third-quarter earnings phone. But he agreed that has a stock analyst who suggested that the oil enterprise could possibly be working very low on areas to lower fees since it tries to return to profitability.

-Ted Mann contributed to this article.

Note to readers:
Basic Electric is in talks to merge its oil-and-gas small business with Baker Hughes. An earlier model of this post reported that GE is in talks to buy Baker Hughes. Immediately after the Journal’s report, GE stated it is actually in discussions with Baker Hughes on prospective partnerships but not an outright order.

Google Mother or father Alphabet Will get Enhance From Adverts

Investors after feared the rise of mobile units would cripple Google. Alternatively, smartphones are offering the search giant second daily life.

Google parent Alphabet Inc. reported a 27% surge in third-quarter profit Thursday, extending a strong streak as users invest far more time on smartphones and advertisers devote additional dollars to reach them there.

Alphabet-the world’s No. 2 enterprise by industry value, just after Apple Inc.-continues to increase at a regular clip largely simply because billions of people now carry these handheld computer systems just about all over the place they go.
Clicks on Google adverts rose 33% in the quarter in excess of a 12 months prior, the quickest improve in four years. That growth is fueled by Google’s strong place on smartphones across the world, as well as its management more than a series of other solutions more and more central to many users’ lives, from e-mail to maps to YouTube.

Google’s pitch to advertisers “is straightforward and is resonating: our mobile properties like search, YouTube, maps and Google Play are exactly where folks flip when they are actively serious about a thing,” explained Google Chief Executive Sundar Pichai to analysts. Comparing Google’s on the net part to the heyday of prime-time television, he extra, “Our services are prime time to the mobile planet.”

Without a doubt, Google is at the center of most smartphones. It pre-installs its services on phones that use its Android mobile operating program, which backs roughly 87% from the world’s smartphones, according to IDC.

Google controls 95% with the mobile-search market, compared with 78% on individual computer systems, in accordance to digital-marketing company Merkle Inc., due to the fact it is the default internet search engine on each Apple’s iPhones and Android products.

Mobile end users click on search advertisements at a increased rate than desktop consumers, Merkle stated, in component because mobile advertisements consider up virtually the complete screen for some searches.

Some analysts now estimate greater than half of Alphabet’s income originates from advertisements on mobile units. Google executives stated last year that search visitors on mobile phones had surpassed site visitors from personalized personal computers.

The rise of smartphones also poses difficulties for Google. Mobile ads-and advertisements for YouTube, which is viewed largely on mobile devices-are normally more affordable than desktop adverts. That is lowering the average price advertisers shell out Google. In the third quarter, Google stated the typical price per click fell 11%, quicker than the 7% decline from the 2nd quarter.
For the quarter, Alphabet stated net cash flow rose to $5.06 billion, or $7.25 a share, from $3.98 billion, or $5.73 a share, in the exact same quarter a yr in the past. Excluding particular expenditures, Alphabet mentioned it could have earned $9.06 a share, beating analysts’ estimates of $8.62 a share on that basis, in accordance to FactSet.

Alphabet income, driven almost entirely by its promoting enterprise, rose 20% to $22.45 billion. Factoring out payments to promoting partners, total income was $18.27 billion. In after-hours trading, Alphabet shares rose 1%.

Alphabet shares have risen just 5% this 12 months, lagging rivals Facebook Inc. and Apple Inc. Facebook, specifically, is proving to become a tough competitor for digital adverts; its profit practically tripled to $2.1 billion from the 2nd quarter, with 84% of its $6.two billion in ad income coming from mobile. Facebook reports third-quarter earnings subsequent week.

There also is tumult outdoors of Alphabet’s core Google enterprise, within the company’s “other bets.”

On Tuesday, the head of Alphabet’s high-speed online organization, Google Fiber, stepped down because the support suspended growth programs for eleven cities and said it would lay off 9% of personnel. Executives have also lately departed from Alphabet’s home-automation firm Nest and projects to develop self-driving cars, delivery drones and internet-beaming balloons.

Alphabet executives have stated Chief Financial Officer Ruth Porat, who joined the business in Might 2015 from Morgan Stanley, has aided lead an hard work to rein in costs.

Operating loss within the other-bets unit narrowed to $865 million from $980 million a year prior, though revenues greater to $197 million from $141 million. Google Fiber, Nest and life-sciences unit Verily account for many on the revenue. Ms. Porat cautioned against examining another bets units on a quarterly basis since their final results are volatile. Google’s non-advertising revenue elevated 39% to $2.43 billion above a yr prior. Ms. Porat attributed significantly of that boost to “substantial revenue growth” in Google’s small business of internet hosting other companies’ information and methods on its computers, often called the cloud. Google is building a push into the cloud marketplace, hoping to steal industry share from leaders Inc. and Microsoft Corp.

Alphabet stated it might repurchase approximately $7 billion in shares, though it didn’t specify a time time period for the system. Alphabet reported holding about $83 billion in income and investments.

Thursday’s success also showed achievement in Google’s efforts to diversify from becoming a pure advertising organization.

Xerox Corp. (XRX) to Release Quarterly Earnings on Friday

Xerox Corp. (NYSE:XRX) will probably be issuing its Q316 quarterly earnings information on Friday, October 28th. Analysts assume the firm to announce earnings of $0.27 per share and income of $4.31 billion to the quarter. Xerox Corp. has set its FY16 advice at $1.10-1.twenty EPS.Events considering listening on the company’s conference get in touch with can do so employing this website link.

Xerox Corp. (NYSE:XRX) final announced its earnings benefits on Friday, July 29th. The business reported $0.thirty earnings per share (EPS) for your quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Xerox Corp. had a return on equity of twelve.36% and also a net margin of 2.49%. The company earned $4.forty billion during the quarter, compared to analyst estimates of $4.39 billion. Through the similar quarter within the previous 12 months, the business earned $0.22 earnings per share. The company’s income for that quarter was down 69.8% in comparison with the exact same quarter last year. On normal, analysts anticipate Xerox Corp. to submit $1.13 EPS for that present fiscal year and $1.15 EPS for the next fiscal year.
Xerox Corp. (NYSE:XRX) opened at 9.65 on Thursday. Xerox Corp. has a twelve month low of $8.48 as well as a twelve month substantial of $11.39. The firm’s 50 day moving typical cost is $9.83 and its 200 day moving average price tag is $9.83. The stock has a industry cap of $9.78 billion, a price-to-earnings ratio of 25.twenty in addition to a beta of one.29.

The enterprise also not too long ago declared a quarterly dividend, that will be paid on Tuesday, January 31st. Traders of record on Thursday, December 15th are going to be paid a dividend of $0.0775 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.31 annualized dividend plus a yield of 3.21%. Xerox Corp.’s dividend payout ratio is currently 75.61%.

Several equities research analysts not long ago commented on XRX shares. Vetr lowered shares of Xerox Corp. from a “strong-buy” rating to a “hold” rating and set a $9.96 price target on the stock. in a investigate note on Tuesday, September 13th. Piper Jaffray Cos. reiterated an “overweight” rating on shares of Xerox Corp. in a investigation note on Saturday, July 2nd. Barclays PLC reiterated an “underweight” rating and set a $11.00 rate target (up from $10.00) on shares of Xerox Corp. in the exploration note on Tuesday, August 2nd. SunTrust Banking institutions Inc. started coverage on shares of Xerox Corp. within a research note on Tuesday, September 13th. They set a “buy” rating and a $13.00 cost target to the stock. Ultimately, Zacks Investment Study lowered shares of Xerox Corp. from a “buy” rating to a “hold” rating inside a exploration note on Wednesday, October 19th. 1 investment analyst has rated the stock using a promote rating, nine have assigned a hold rating and 3 have issued a acquire rating towards the business. Xerox Corp. at the moment has an normal rating of “Hold” in addition to a consensus target price of $11.10.

In related information, Chairman Ursula M. Burns sold 3,317 shares from the business’s stock inside a transaction dated Monday, August 15th. The shares had been offered at an regular price of $9.85, for any total transaction of $32,672.45. The transaction was disclosed in the filing using the SEC, that's available by this website link. Also, insider Herve Tessler offered 13,000 shares of your business’s stock inside a transaction dated Wednesday, August 3rd. The stock was sold at an regular price of $9.89, for any complete transaction of $128,570.00. Following the sale, the insider now immediately owns 110,319 shares within the corporation, valued at roughly $1,091,054.91. The disclosure for this sale is usually found here. Insiders own 0.37% of the company’s stock.

Numerous hedge money have just lately added to or diminished their stakes during the company. Advantus Capital Management Inc enhanced its stake in Xerox Corp. by 1.0% during the 2nd quarter. Advantus Capital Management Inc now owns 92,639 shares of the company’s stock well worth $879,000 immediately after acquiring an extra 909 shares in the final quarter. Bank of Nova Scotia increased its stake in Xerox Corp. by six.8% within the second quarter. Financial institution of Nova Scotia now owns 18,950 shares from the company’s stock really worth $180,000 following shopping for an additional 1,200 shares during the last quarter. Pacer Advisors Inc. improved its stake in Xerox Corp. by 8.9% inside the 2nd quarter. Pacer Advisors Inc. now owns 17,603 shares from the company’s stock really worth $167,000 after buying an additional one,444 shares within the last quarter. Wetherby Asset Management Inc. enhanced its stake in Xerox Corp. by sixteen.1% from the second quarter. Wetherby Asset Management Inc. now owns 16,465 shares on the company’s stock well worth $156,000 after obtaining an additional 2,285 shares during the final quarter. Finally, BOKF NA increased its stake in Xerox Corp. by 1.2% while in the second quarter. BOKF NA now owns 199,069 shares from the company’s stock worth $1,889,000 after acquiring an extra two,341 shares within the final quarter. 83.91% on the stock is at the moment owned by hedge money as well as other institutional traders.

Xerox Corp. Enterprise Profile

Xerox Corporation is engaged in imaging, business enterprise process, analytics, automation and user-centric insights. The Company’s segments include things like Solutions, Document Technological innovation together with other. The Company’s Companies section comprises two kinds of support offerings: Organization Method Outsourcing (BPO) and Document Outsourcing (DO).

Dakota Accessibility Pipeline: A lot more than a hundred Arrested as Protesters Ousted From Camp

Authorities utilized pepper spray and fired bean bags at activists demonstrating against a controversial North Dakota oil pipeline since the standoff there reached a new peak Thursday, in accordance to officials.

Armed soldiers and police in riot gear removed the demonstrators working with trucks, military Humvees, and buses Thursday afternoon, according to the Associated Press. Two helicopters and an airplane scanned the operation through the air.

A minimum of 141 protesters have been arrested as of midnight Thursday (1 a.m. ET) just after law enforcement slowly closed in and tensions escalated, the Morton County Sheriff's Division stated within a statement.

Seven protesters applied "sleeping dragon" devices, which normally involve PVC or other pipe, to attach themselves to objects, and fires have been set on the highway and improvised fire bombs had been thrown at law enforcement, the Morton County Sheriff's Division said inside a statement.

One particular female allegedly fired three shots from a revolver at police, an emergency companies official said. No one was hit.

The chairman in the Standing Rock Sioux Tribe criticized law enforcement's "militarized" response for the camp and named for demonstrations to continue to be peaceful, but stressed that activists wouldn't give up their induce.

"Militarized law enforcement companies moved in on water protectors with tanks and riot gear right now. We carry on to pray for peace," Dave Archambault II stated inside a statement Thursday evening.

"We won't stage down from this battle," he additional. "As peoples of this earth, we all have to have water. This can be about our water, our rights, and our dignity as human beings."

Archambault also referred to as on activists to "remain in peace and prayer." "Any act of violence hurts our situation and it is not welcome here," he said.

Law enforcement were holding a line north of your Backwater Bridge early Friday morning, the sheriff's division.

A lady who was becoming arrested pulled a .38 caliber revolver and fired three shots at law enforcement, "narrowly missing a sheriff's deputy," North Dakota State Emergency Providers Spokeswoman Cecily Fong told NBC News. The lady was taken into custody and no shots were fired by law enforcement, she explained.

The protesters were ousted through the camp that authorities stated was on personal house while in the path with the pipeline late Thursday afternoon, Morton County Sheriff Kyle Kirchmeier told the AP.

The sheriff stated that when the camp was safe, officers had been nonetheless managing protesters while in the surrounding location, based on the AP. Kirchmeier extra that authorities would retain a presence during the location to the time currently being to maintain protesters off the land. Fong confirmed to NBC News that the camp was cleared.
Protesters allegedly commenced two fires over the Backwater Bridge protest web page and threw Molotov cocktails at law enforcement Thursday night, Fong said.

About 250 protesters had gathered with the camp and an additional 80 demonstrators with a dozen horses had been in the internet site of the county street, in accordance to a statement through the Morton County Sheriff's Division.

Protesters on horseback galloped towards the law enforcement line prior to wheeling all-around and some had begun throwing objects on the officers, Fong mentioned. Demonstrators also allegedly set 4 DAPL construction autos ablaze, Fong mentioned Thursday evening.

"They've undoubtedly escalated, they're throwing rocks and debris," she stated. A handful of officers suffered minor injuries, she said.

Officers fired bean bag rounds and utilised pepper spray on protesters, Fong stated.
The division said they repeatedly advised the demonstrators they had been "free to go," asking them to move to a separate camp further south and allow authorities put out the flames.

The protesters also set an region on fire near a bridge on a county road, in accordance to a statement through the sheriff's division.

The protesters, comprised of the group that includes Native Americans and environmental activists, had been camped on personal residence because Sunday close to the $3.8 billion Dakota Accessibility Pipeline, close to the town of Cannon Ball.

The 1,172-mile pipeline would run inside of a half-mile of your Standing Rock Sioux reservation. Opponents in the venture say the pipeline could adversely affect consuming water and would disturb sacred burial web pages.

A huge selection of protesters from Standing Rock and other tribes have set up camp for months in protest a few miles far from where Thursday's confrontation occurred, near to in which the Missouri and Cannonball rivers meet.

Thursday's incident came significantly less than a week following over 80 persons have been arrested and authorities used pepper spray on demonstrators. The arrests came in the course of a five-hour conflict with police and all around 300 protesters, several of whom stubbornly parked cars around the highway near the camp to block authorities from reaching them, based on the AP. Additionally they set a little fire at considered one of two blockades they setup about the highway.

The majority of the protesters had been retreating from your area of confrontation to the highway outside the camp, but had not thoroughly left the place of personal land, based on the AP. About 200 protesters remained from the spot, listening to tribal elders communicate and praying as authorities continued to strategy.
Law enforcement officials began taking actions to take away roadblocks and protesters of the Dakota Accessibility Pipeline near Highway 1806 at all around 11:15 a.m. nearby time (twelve:15 p.m. ET), Kirchmeier explained in a statement.

"Protesters' escalated unlawful conduct this weekend by establishing illegal roadblocks, trespassing onto private residence and establishing an encampment, has forced law enforcement to react at this time," he explained within the statement.

"I can not stress it ample, this can be a public safety issue," the sheriff said. "We are unable to have protesters blocking county roads, blocking state highways, or trespassing on private home."
The protesters had made a camp inside the pipeline's path on personal home often known as the Cannonball Ranch to the side of your highway and setup the roadblocks along on Sunday, according to the statement.

Highway 1806 remained closed Thursday amongst Fort Rice and Cannonball, according to the sheriff department's statement. Several counties, cities, state companies and out-of-state law enforcement have been assisting the Morton County Sheriff's Division, the statement stated.
Democratic presidential nominee Hillary Clinton's campaign weighed in on the protests Thursday evening.

"From the beginning of this campaign, Secretary Clinton has become clear that she thinks all voices ought to be heard and all views considered in federal infrastructure tasks," Spokeswoman Xochitl Hinojosa explained within a statement.

"Now, each of the parties concerned - together with the federal government, the pipeline business and contractors, the state of North Dakota, and also the tribes - need to locate a path forward that serves the broadest public interest," Hinojosa mentioned. "As that occurs, it's essential that within the ground in North Dakota, absolutely everyone respects demonstrators' rights to protest peacefully, and workers' rights to carry out their jobs safely."

Protest camp coordinator Mekasi Horinek informed NBC affiliate KFYR on Wednesday the protesters had no plans of leaving their encampment.

"We do not have any plans on retreating. If they are planning to can be found in right here and they are likely to arrest considered one of us, they are gonna arrest every single considered one of us," Horinek explained. "We're planning to stand in unity, we're going to stand in prayer, we're likely to stand in peace."

Japan''s Nikkei a Vivid Spot as Asian Shares Broadly Down

Japan'sNikkei was the standout performer Friday in an otherwise lackluster trading session across Asian equities, as being a weaker yen and gains in international bond yields lifted shares of Japanese economic and export companies.

The Nikkei Stock Regular was trading up 0.7%, though Hong Kong's Hang Seng Index was off 0.7%, Korea's Kospi was down 0.3% and Australia's S&P/ASX 200 fell 0.2%.

Earlier Friday, the U.S. dollar breached the 105 yen level hit its highest level against the Japanese currency in nearly three months, as investors remained optimistic that U.S. interest rates will rise this year.

Meanwhile, improved monetary results from Deutsche Bank and solid post-Brexit U.K. growth helped boost risk appetite among investors, fueling selling of global government bonds. That spilled into U.S.Treasury bonds Thursday, with the U.S. 10-year yield hitting its highest level in nearly five months.

Japanese government bond yields also gained on Friday, helping drive gains in money stocks during the session. Among those, Mitsubishi UFJ Financial Group was up 1.7% and Dai-ichi Life Holdings gained 3.1%.

Shares of brokerage Nomura Holdings surged 5.2%, the best performer among Japanese companies with market capitalization of $10 billion or above. The broker on Thursday posted a 31% increase in net profit from the previous quarter, boosted by a string of high-profile deals including the initial public offering of messaging app Line Corp. Still the brokerage's shares are down over 20% year to date.

The Nikkei's gains also came despite disappointing inflation data Friday, with the core consumer price index slipping 0.5% from a year earlier in September, according to data from the Ministry of Internal Affairs and Communications.

"The CPI was weak," said Takuji Aida, chief Japan economist at Socié té Gé né rale. But there will be demand recovery next year as incomes rise amid a tight Japanese labor market, he said.

In the commodities space, oil prices were up slightly in Asia trade, after reports that members of the Organization of the Petroleum Exporting Countries told their Russian counterparts that the group would be willing to cut production by as much as 4% from peak output. The comments were made ahead of a meeting between Russia and OPEC delegates this weekend.

"We have a month to run before the much talked-about OPEC production cap details are completed, along with supporting roles of Russia and perhaps Mexico," said Stuart Ive, client manager at OM Fiscal.

"Even with Iraq asking for exemptions…and frosty relations between Saudi and Iran, money is a great healer and opener of doors," he said.

Still, the performance of Asian energy stocks was mixed, given the continued uncertainties over the completion of the reduction deal. In Australia, Oil Search Ltd. was up 2.7% and Woodside Petroleum added 1.4%. However, shares of offshore oil producer Cnooc were off 1.1% in Hong Kong though PetroChina declined 0.7%.

Among other stocks in Hong Kong and China, selling pressure continued, as investors took stock of Thursday's data that showed China's industrial profit growth slowing sharply in September.

"Confidence will still be shaken," said Alex Wijaya, market analyst at CMC Markets. The industrial data "raised the worries" about China's recovery, he said.

Among blue-chip Chinese stocks traded in Hong Kong, China Resources Power was off 2.7% and China Life Insurance declined 2.0%.

For now, traders said they would stay focused on U.S. economic data due later in the international day, and how overseas markets will react.

Hiroyuki Kachi, Takashi Nakamichi, Ese Erheriene, Jenny Hsu, Chelsey Dulaney, Kosaku Narioka contributed to this article.

What We're Hunting Out For In Amazon's Q3 Earnings Report

Amazon is set to report its quarterly earnings report tomorrow, and we'll be keeping an eye out for some key takeaways. Over the past yr, the organization is seeing green, with five rewarding quarters inside a row. Revenue for your Jeff Bezos-owned company has been regular; last quarter it hit $30.4 billion, which was a 31% boost year over year.

Now we're waiting to check out how long this streak can final and what it really is planning to do to keep up the pace.
There are some points beyond income that we'll be wanting out for too:

? Global expansion: Amazon has gradually been rolling out Prime to other parts of your world, including India, the U.K., and Japan. We'll be searching out for any numbers exhibiting how these roll-outs are going and whether or not or not other regions might be added to the mix
? Digital material: The enterprise has been doubling down on content, with Prime Video going beyond the U.S. and into India. Last quarter CFO Brian Olsavsky announced that the organization planned to triple the number of Amazon Tv demonstrates and films. We'll be in search of extra facts on that.

AWS development: Amazon's back-end solutions are quietly taking over the net. Last quarter its revenue saw 88% year-over-year development. We'll be looking to see if that growth is steady and in case the organization has something else to add.

New companies: There have been endless rumors that Amazon is thinking about acquiring into logistics, given that shipping is this kind of an integral element of its services. When the business has become leasing trucks and planes, it's but to officially say how (or if) it ideas to enter the room. When asked, the firm always says these purchases are to velocity up delivery time. Let's see when they say anything much more this quarter.[/list]

There's a lot a lot more to look out for, too-namely, a lot more hardware stats about items like the Echo. Amazon has a lot on its plate and hopefully tomorrow we'll obtain a temperature on how these points are going. We'll submit the results as soon as they are dwell.
Rachel Haot, managing director of global incubator and seed fund 1776, believes that well being care is just one example of an field during which innovation is slow-moving in Ny City.

Although it really is residence to many of the ideal hospitals in the country-New York City lags far behind San Francisco with regards to funding digital well being startups and, when in contrast towards another tech hub like Boston, has viewed far fewer IPOs in the health and fitness care sector since 2012. This regardless of a survey of countless early-stage startups by investment investigation company CB Insights that observed entrepreneurial curiosity in apps, social, and e mail is waning in favor of startups functioning on virtual actuality, artificial intelligence, and wellness care.

"A great deal of the growth we have seen during the tech sector is in locations that might be described as lower hanging fruit with decrease barriers to entry: tech, trend, e-commerce, media," Haot tells Rapid Corporation. "Obviously anything is regulated to some extent from the government," she factors out, "but it's not prohibitive while in the way that it truly is within the industries that we target on."

Haot says that when there is been massive development in fashion, e-commerce, and also the like, heavily regulated sectors from education and vitality, meals and monetary providers have already been slower to expand. "That's surprising," she says, "because additionally to getting a leader in tech, Ny City is really a leader in many of those legacy industries."

That's exactly where 1776-which put down roots in N.Y.C. this summer-comes in. Founded in 2013, 1776 is a public benefit corporation that seeks to improve innovation in sectors like training, vitality, food, fintech, and smart cities. By way of its $12.5 million fund, 1776 has made 27 seed stage investments to date.

Haot, who's most effective known for her part as N.Y.C.'s very first chief digital officer-and later the chief digital officer for Ny state-has been tasked with shepherding 1776's expansion to the city, which includes a sprawling thirty,000-square-foot campus currently being created within the Brooklyn Navy Yard. (1776 previously has campuses in San Francisco, Dubai, and Washington, D.C.)

A cornerstone of 1776's working philosophy is to open up channels of communication involving entrepreneurs and regulators, policy makers, and traders. By forging partnerships using the likes of Microsoft, Comcast Business enterprise, and MedStar Health, 1776 hopes to broker the sharing of tips among early-stage startups and companies.
"What we see usually is that in relation to the combine of entrepreneurs, legacy business, and government officials, it might sometimes come to feel like everyone's speaking a distinct language and that they are usually not at the table together," Haot says. "So what we do, is we generate this neutral forum in which everyone is aligned in their interests of supporting innovation and occupation development, and building products and services that modify the world."

A crucial aspect of that, she says, would be to match corporations with interested entrepreneurs then facilitate communication. "It goes each methods mainly because a startup may not be aware of the laws that they are going to be facing," she notes, "or they could not be aware of your actual marketplace conditions that they are entering."

Also, if a company is effective, Haot observes, it is gonna should interact with government in a sizeable way. "We want to make certain that at a minimal, whatever technique or techniques they employ as they expand, that providers are aware on the laws that surround their industries and what barriers they face," says Haot. "We wish to aid to really cultivate sophisticated entrepreneurs," she continues, "who are mindful of the regulatory issues these are up against."
All this meant making not just bodily campuses, but additionally a digital network for everybody who interacts through 1776.

"The complete 1776 globe is knit with each other digitally by a platform that we phone Union," Haot says. "so Union is genuinely like an working procedure for entrepreneurs."

Through Union, entrepreneurs are granted accessibility to mentors, curriculum, and events from across 1776. Union brings people outdoors the 1776 network in to the fold as well. In reality, the organization works closely with other incubators and accelerators, and many in the occasions 1776 holds on its campuses are streamed or posted to Union.

You could potentially say the operate staying accomplished by 1776 along with the function Haot did as chief digital officer are two sides in the identical coin. The end target is always to bridge the gap amongst government as well as the tech sector, and also to innovate by tackling the troubles that the majority affect the residents of N.Y.C. On a more granular degree, Haot says both jobs involved comparable approaches. As CDO, her 1st assignment was to make the city's first digital roadmap, which would set the tone for what came upcoming: introducing public Wi-Fi, followed by digital literacy plans along with the open information portal.
"What was intriguing was that as we had been setting up out the campus for 1776, a similar framework emerged for how we're going to help entrepreneurs," Haot explains. "It mainly translates to a hierarchy of demands for that entrepreneur." Providing the infrastructure of public Wi-Fi, she says, was comparable to building a space for entrepreneurs to do the job (which, naturally, has to contain rapid online accessibility). Following that is training, so as together with the digital literacy plans, 1776 offered "classes, curriculum, all the things an entrepreneur must succeed." The next stage was to make data readily available and engage the local community, which Haot likens to 1776's Union platform.

One more point Haot continues to tackle at 1776 is companies and organizations that, even though not immovable, are slow or resistant to alter. But it truly is not just government or legacy businesses that shy away from taking risks. Traders could be wary of backing startups that consider on highly regulated industries.

"In the past, investors have been a little bit nervous about this," Haot says. "They've been apprehensive about needing to wait ten many years for an exit, or currently being within a scenario wherever an unknown piece of legislation could make or break a company rather than obtaining management in excess of that," she adds. "We see a tremendous chance in which other people might not would like to get involved."