Market Movers Callaway and Kellogg Stocks Rise
Callaway Golf rose 0.42 to 11 as Nike exits golf equipment, reducing competition. Kellogg climbed 1.34 to 82.42 after a stronger Q2 with cost cuts and raised full year guidance.
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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Aug 05, 2016
Page
6
Callaway Golf rose 0.42 to 11 as Nike exits golf equipment, reducing competition. Kellogg climbed 1.34 to 82.42 after a stronger Q2 with cost cuts and raised full year guidance.
Britain’s central bank announced stimulus steps to revive confidence after the Brexit vote. The Bank of England cut its key rate to 0.25 percent from 0.5 percent and outlined measures to ease borrowing, though analysts warn the move may not stop a slide toward recession.
Washington reports a small rise in unemployment benefit claims as 269,000 new applications were filed last week, a 3,000 increase. The four week moving average climbed to 260,250, signaling a steady job market despite the uptick.
The 2016 Olympics narrative underscored Brazil’s faltering economy as a recession deepened, inflation cooled repair, with IMF forecasting further contraction. Declining commodity prices hit exports, while Petrobras faced a sweeping corruption probe and investment stalled. President Rousseff’s suspension added political turmoil, complicating a fragile recovery.
The Brazilian real fell 47 percent against the dollar since Rio won the 2016 Games in 2009. Inflation ran 8.8 percent in June. Rio's preparations and state funding strained finances, prompting federal help and worsening budget woes. With inflation high, the central bank kept the policy rate at 14.25 percent. National unemployment neared 11.3 percent, and office rents in Rio fell 6.1 percent, signaling a weak real estate market.
Dish Network debuts a 50 channel Flex Pack starting at $30 monthly to skip sports channels like ESPN and lower bills. The move mirrors Comcast and Verizon offerings, with ESPN add ons and later revamps to Custom TV to two core bundles.
Tech sector bolsters gains with Microsoft Azure revenue more than doubling and eBay jumping 31 percent in a month. Alphabet shares rise after earnings. The S P 500 technology index climbs about 8.9 percent while chipmakers Linear Technology and Analog Devices gain following news of a merger.
A fragmented excerpt outlines dividend and stock payout terms with codes for annual rates yields and distributions. Mentions including declared or paid in prior periods stock splits omissions and adjustments, and notes on P/E ratio and recent dividend announcements. The text lists code letters such as D C G p and cc with brief definitions for each.
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