Sibanye Gold Ltd (SBGL) closed up 2.2% at $8.41 after the gold miner plans to raise $1 billion through a rights issue, and so redirect its risk strategy and bullion reliance. The company based in South Africa is now acquiring U.S. platinum producer Stillwater Mining Co (SWC), and pending funds would repay a portion of a $2.65 billion loan facility.
Sun Life Financial Inc (SLF) opened down 5.1% or $1.83 at $33.76 after Canada-based asset manager said first-quarter revenue dropped 20.2% from last year to C$7.01 billion.
According to recent automation studies, certain types of jobs will not be overtaken by robots during the next decade. Such are for example jobs that involve managing and developing people, or that apply expertise to decision making, planning or creative work.
Jobs most likely to be impacted by automation are those based on predictable physical work, for instance assembly line welding and soldering, or packaging objects, and partially into logistics too. On the other hand, construction and forestry industries more often than not relate to unpredictable physical work.
In another directing poll, global trade volumes are estimated to rise at about 10% pace year-over-year in May, although crude oil and weakness in commodity prices is likely to amplify the headwinds of negative business sentiment and therefore “looming slowdown” in global trade growth.
Sector watch continues to guide investors’ analyses and decision, as utilities and infrastructure projects across the United States are bidding for expanded financing and additional (contracted) workforce.
Coach Inc (COH) surged 11.4% to $43.14 after the luxury accessories retailer said third-quarter net income jumped to $122 million or 43 cents a share from $112 million or 40 cents a share in same quarter of 2016.
Discounted stocks year to date to April 29 include: Carlisle Companies Inc (CSL) down 8.1% to $101.39, Patriot National Inc (PN) down 37.9% to $2.89, and SPI Energy Co Ltd (SPI) down 60.3% to $2.53.
AT&T Inc (T) dropped 0.6% to $40.15 in five days to Wednesday 11:35 a.m. The company lost 191,000 postpaid subscribers, who had paid bills monthly in the U.S., on a net basis.
To diversify operations, AT&T is buying Time Warner Inc by end of 2017, to control cable channels like HBO and CNN as well as filming studio Warner Bros.
Halliburton Co (HAL) added 25 cents to $47.00 after the energy company said first-quarter revenue edged up 1.4% from a year ago to $4.28 billion.