Posted: October 16, 2018 AP Stocks surge on earnings and economic data; Dow climbs 500 October 16, 2018 NEW YORK (AP) — World stock markets are rallying Tuesday, and U.S. stocks are on track for their second-largest gain in 2018 following strong earnings reports from major U.S. companies in finance and health care. Technology companies are also rising after their recent slump. The Dow Jones Industrial Average rose as much as 502 points.Even with the big gains, major indexes are still broadly lower for the month following a two-day rout last week that erased nearly 1,400 points from the Dow.Investors were encouraged by some good news on the economy. The Federal Reserve said output by U.S. factories, mines and utilities climbed in September despite the effects of Hurricane Florence, and the Labor Department said U.S. employers posted the most jobs in two decades in August while hiring continued to increase.KEEPING SCORE: The S&P 500 index jumped 54 points, or 2 percent, to 2,805 as of 2:45 p.m. Eastern time. The Dow gained 494 points, or 2 percent, to 25,745.The Nasdaq composite climbed 192 points, or 2.6 percent, to 7,623 as technology companies reversed some of their outsize losses from the last few days. The Russell 2000 index of smaller-company stocks rose 39 points, or 2.6 percent, to 1,592.Earnings for U.S. companies climbed about 20 percent in each of the first two quarters of 2018 as economic growth picked up and corporate taxes were slashed. Analysts expect similar results in the current period.Stocks have gyrated over the last three days following a six-day losing streak that included some of their biggest declines of the year. The S&P 500 fell 6.9 percent from its record high on Sept. 20 to its recent low on Thursday. It remains 4.3 percent below that record level.HEALTHY…: UnitedHealth, the largest U.S. health insurer and provider of privately-run Medicare Advantage plans, once again topped Wall Street forecasts and raised its projections for the year. The stock climbed 4.1 percent to $270.95. Other health insurers also rose. Cigna advanced 3.8 percent to $211.70 and Humana rose 3.4 percent to $327.90. Medicaid service company Molina Healthcare jumped 4.1 percent to $144.26.Health care products giant Johnson & Johnson added 1.4 percent to $135.89 after it said prescription sales jumped. Its results, too, were stronger than analysts expected.…AND WEALTHY: Morgan Stanley rose 5.7 percent to $45.94 and Goldman Sachs added 2.4 percent to $220.38 after the two investment banks did better than expected in the third quarter, helped by strong performance in their trading operations and better-than-expected revenue from stock underwriting. Morgan Stanley’s stock has fallen 12 percent this year and Goldman has lost almost 14 percent.TECH UPDATE: Technology companies rose. Microsoft jumped 2.8 percent to $110.65 and Adobe rallied 8.6 percent to $258.36 after it backed its fourth-quarter profit and revenue forecasts. The stock has jumped 47 percent this year, but had slumped in recent days. Internet companies also advanced. Alphabet, Google’s parent company, rose 2.4 percent to $1,128.80.Email delivery company Sendgrid climbed 14.8 percent to $35.50 after cloud communications platform company Twilio agreed to buy it for $36.92 per share in stock, or $1.7 billion. Twilio fell 3.4 percent to $73.56.SUSPENSE FOR NETFLIX: Netflix rose 2.7 percent to $342.04 ahead of its third-quarter report Tuesday afternoon. The streaming video company has struggled over the past three months and has fallen almost 20 percent since its second-quarter report, when it posted disappointing subscriber totals and gave a weaker forecast than analysts expected.It’s still up 78 percent this year, the third-best of any S&P 500 stock.O CANNABIS: On Wednesday Canada will legalize marijuana nationwide. While cannabis companies mostly traded lower Tuesday, the stocks have made huge gains this year in highly volatile trading. Tilray fell 5.7 percent to $156.27 while Canopy Growth shed 7.1 percent to $52.87.On Tuesday Benchmark Capital analyst Mike Hickey started coverage of Tilray with a $200 price target, saying its supply deals with pharmacies and a partnership with drugmaker Novartis will help make it an early leader in the market. Hickey valued the Canadian cannabis market at about $3.2 billion in 2019 and said it will climb to $8.1 billion by 2023.Tilray’s market value stands at $14.5 billion, up ninefold since it went public in mid-July, and Canopy Growth has more than doubled in value to $12 billion. Canopy announced a $4 billion investment from Corona beer maker Constellation Brands in August. The huge gains reflect investors’ view that that other countries will legalize marijuana in the years to come.ENERGY: U.S. benchmark crude oil added 0.2 percent to $71.92 per barrel in New York. Brent crude, the international standard, rose 0.4 percent to $81.14 per barrel in London.Wholesale gasoline rose 1.7 percent to $1.98 a gallon and heating oil picked up 0.6 percent to $2.34 a gallon. Natural gas lost 0.1 percent to $3.24 per 1,000 cubic feet.BONDS: Bond prices edged lower. The yield on the 10-year Treasury note rose to 3.17 percent from 3.16 percent.METALS: Gold rose 0.1 percent to $1,231 an ounce. Silver lost 0.2 percent to $14.70 an ounce. Copper slipped 0.3 percent to $2.78 a pound.CURRENCIES: The dollar rose to 112.27 yen from 111.88 yen. The euro fell to $1.1577 from $1.1584.OVERSEAS: France’s CAC 40 added 1.5 percent while the DAX in Germany jumped 1.4 percent. Britain’s FTSE 100 rose 0.4 percent. Italy’s FTSE MIB jumped 2.2 percent after the government avoided last-minute delays in presenting a budget plan.Japan’s benchmark Nikkei 225 rallied 1.2 percent and the Kospi in South Korea was little changed. Hong Kong’s Hang Seng index finished 0.1 percent higher. AP, Categories: Local San Diego News, National & International News FacebookTwitter
The Recipes app is an extension of the magazine’s food column, the company says. Meanwhile, the Reader’s Choice app builds off the issue’s “2010 Photo Contest” feature and the Travel Guide is an interactive connection to a feature story on the Dominican Republic.All four apps were created in-house, Tauber says. For the Pictures app, Islands editors utilized the iPhone SDK developer program, which is commonly used by developers to create iPad, iPhone and iPod touch applications.“Response has exceeded expectations, with a solid rise in downloads for the Pictures app coming when we soft-launched it on Islands.com and Islands.com/Facebook,” says Tauber. “In terms of scans, the Recipes app is winning so far.”Earlier this year, Bonnier’s Wakeboarding and Sport Driver also utilized Microsoft’s HCCB tagging technology to direct readers online for additional interactive content.Tauber says Islands so far isn’t charging for the Pictures app in Apple’s iTunes Store but says it will experiment with different pricing models with future apps. “Right now we’re focusing on learning how to best use and execute them and gathering metrics that we can then share with clients,” he says. The team at Bonnier’s Islands magazine took some cues from sister title WakeBoarding when they put together their June issue which integrates tagging technology with mobile apps. Readers are able to access four apps developed by Islands editors by using a smartphone to scan 2-D barcodes within the issue’s pages.The cover features an app icon and URL for a “Pictures” app the Islands edit team created that is available exclusively in the Apple iTunes Store. It offers users a gallery of island photography, photo quizzes, and a photo feed of editors’ travels. The app also was promoted inside the magazine on the editor’s letter page, in a house ad and in a feature story.The magazine also used 2-D barcodes, created using Microsoft’s High Capacity Color Barcode technology, to unlock three free Web-based apps: Islands Recipes, Islands Reader’s Choice and Islands Travel Guide: Dominican Republic. “For this particular issue, each of the three Web apps organically fit as an extension of what was in the magazine,” Islands brand manager Chris Tauber says. “And repurposing content or drawing on previous research was fairly efficient for us in each of these cases.”
Malayalam film IllayarajaTwitterMalayalam film Illayaraja, which has been written and directed by Madhav Ramadasan, is set for grand release across UAE and GCC on May 2. Indywood Distribution Network booked good numbers of screens in these regions.Illayaraja is a drama film, which has been produced by Sajith Krishna, Jayaraj T Krishnan and Binish Babu under the banners of Movie Musical Cutz and Mumbai Cine Talkies. The film stars Guinness Pakru in the lead role, with Gokul Suresh, Deepak Parambol and Harisree Ashokan in supporting roles. Ratheesh Vega has composed its background score and songs and Pappinu has cranked the camera for it.Director Madhav Ramdasan has beautifully portrayed the life of a family residing in Thrissur and the happiness, the sorrows and the struggles they share under their small roof. He explores the likes and desires of the children, the attitudes of various sections of the society and the beauty in finding contentment in the little things.Mollywood has made movies on gifted young children earlier and they have become a great success with the audience. Ilayaraja is no different from them, as it is about child epitome, struggles of trying to fit into the society and the roles of parents who try to encourage their kids’ development could be seen. It is a feel-good tale with noble intentions. It is meant to cater to family crowds.Illayaraja is said to have scored particularly well in two departments, sound and photography. The actors in the movie have done a fantastic job. Harisree Ashokan as grandpa and Anil Nair as the loan shark have showcased a remarkable performance. The music in the movie beautifully blends with the story and the cinematography too received a special attention post its release in India.
To celebrate the International Mother’s Day, Cordlife in collaboration with Delhi Gynecologists Forum (DGF), organized a unique fashion show tilted ‘Saheli-DGF Gorgeous Moms 2018’. The event was held at Mavalankar hall, Constitutional Club of India, New Delhi.In the first round of the show, about 150 pregnant ladies walked on the ramp, led by their 60 odd gynecologists, in the presence of a select gathering of 500 audiences.This was followed by the selection of the finalists by the jury members. Gynecologists Pooja Jian, Nimmi Rastogi, Ila Gupta and their pregnant patients Nidhika Khatri, Daisy, Mehzabeen Hussain, Jasmeet Kaur, Khushbu Sethi and Bhawna Dua were selected as the finalist, and they came on the ramp towards the end of the show. Also Read – Add new books to your shelfA musical evening, held after the healthy competition, saw singer Shibani Kashyap enthralling the audience by her sweet voice. Speaking of the event, Barun Das, CEO, Mydia100, said, “Delhi Gynaecologist Forum and Saheli have come together to celebrate International Mother’s day in a most unique way. Pregnancy is a beautiful experience for all mothers, and this event is an effort from our side to help this moms-to-be to make this time even more delightful and memorable.”