Markets / 12

300 kg magnet used to find washed away buses

August 06, 2016

More than 100 rescuers, including divers, rushed to the area, but their efforts were being hampered by heavy rains, said the head of the National Disaster Response Force, OP Singh. A Chetak helicopter, a Seaking 42C all-weather aircraft, a Seaking 42B helicopter, and an Mi-17 chopper are being used to trace the missing. According to locals, rain and darkness had hampered rescue work, which began on Wednesday morning, nearly 12 hours after the bridge collapse.

Time Warner buys 10% stake in Hulu

August 05, 2016

Still, anything that gives any of the streaming platforms the wherewithal to create more original programming is a boon to the consumer (as well as to those of us in the entertainment industry) so this is definitely welcome news. In another win for cable cord-cutters, Time Warner has become the latest media company to invest in streaming service Hulu . Speaking today alongside Time Warner CEO Jeff Bewkes during the company's second-quarter earnings call, HBO CEO Richard Plepler said his ...

Another problem for oil: Summer gasoline demand disappointed, says analyst

August 05, 2016

Last week, commercial crude oil supplies were up 0.3 per cent at 522.5 million barrels, 14.8 per cent more than was recorded at the same point past year. Futures added 1 percent in NY after slipping 5 percent the previous two sessions. Oil increased after USA gasoline stockpiles fell the most since April as refineries increased operating rates.

US Crude Oil Draws Up Over $40

August 04, 2016

The supply glut is upsetting industry expectations, with BP, Royal Dutch Shell and Exxon Mobil Corp. reporting second-quarter earnings last week that were worse than estimated. Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, fell by 1.12 million barrels last week, the EIA said. International Brent crude futures were trading at.85 per barrel, up a mere 5 cents from their last close, and failing to retake and maintain.

CEO at Democratic National Committee resigns

August 03, 2016

Shortly after her resignation, Democratic nominee Hillary Clinton announced that Schultz had an open position with her campaign as chairperson of running a nationwide effort to elect Democrats down the ticket. Democrats are also trying to get ahead of the disclosure of more emails and internal documents from hacked computer systems, fearful of more embarrassing revelations.

Yankees Send Carlos Beltran to Texas in Bronx Rebuilding Effort

August 02, 2016

Tate carries the pedigree of a high-end talent as the Rangers, chose the 6-foot-2, 165-pound right-hander in the first round of the 2015 draft, fourth overall for $4,200,000. Beltran, a switch-hitter, is batting.304 with an.890 OPS, 21 doubles and 22 homers in 99 games for NY. While seeing the Yankees trade Miller was a bit surprising, trading Aroldis Chapman was not.

Slump in oil prices gives pause to rally on global stock markets

August 02, 2016

It comes as no surprise that production from OPEC nations is once again driving prices lower. In the current short-selling cycle, crude prices have generally fallen less than during previous cycles, especially the wave of short-selling that started in October 2015 and saw oil prices tumble below $30 at the start of 2016.

NextEra Energy Inc (NEE) Releases Earnings Results, Beats Expectations By $0.10 EPS

July 30, 2016

NextEra may have learned something from that experience, offering a detailed list of bullet points in its press release about the benefits of the deal to Oncor and its customers. For Oncor, it seemed like Hunt Consolidated was going to move forward, but then that company withdrew its bid in May due to regulatory restrictions.

FCA boosts 2016 profit target as Jeep fuels Q2 rise

July 28, 2016

In Europe EBIT increased to 143 million euros from 57 million a year earlier as passenger vehicle shipments jumped 13 percent to 292,000 and light van sales rose 16 percent to 175,000. Jeep deliveries surged 16 percent with gains in all regions. FCA will cease producing the Dodge Dart or Chrysler 200 in the U.S.by the first quarter of next year, and will instead use the production capacity to churn out more profitable Ram and Jeep vehicles.

Facebook shatters Wall Street's estimates for sales, profits, user growth

July 28, 2016

Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Not only are Facebook Live and 360 Video boosting user growth and engagement, they are giving Facebook and Instagram a shot at the ad dollars typically spent on television, analysts say.

Verizon to buy Yahoo for $6.47b

July 27, 2016

When it comes to daily fantasy sports , DraftKings and FanDuel are at the top of the food chain, and there are reports that both companies are now in negotiations to merge the two daily fantasy sports giants. But it was not clear if she would remain after the transition. According to documents filed with regulators this year, Mayer would get a severance package of $55 million if removed within a year of a change of control.

Another Chrysler recall - what it is and what to do

July 27, 2016

The move comes as two federal agencies investigate whether the company inflated sales by pressing dealers to buy more vehicles. Fiat Chrysler said on Tuesday said that media reports of inflated sales "mistakenly suggested that potential inaccuracies in the monthly data somehow impact the integrity of FCA's reported revenues in its financial statements".

Health Officials Urge Houstonians To Remain Alert About Zika Virus

July 27, 2016

When tested , the Zika virus RNA was found in semen up to 93 days after symptoms started appearing. The disease, which the U.S. Centers for Disease Control and Prevention says can cause the devastating birth defect microcephaly, has infected almost 100,000 Colombians and caused 21 cases of microcephaly.

US home prices rise at steady pace as sales heat up

July 27, 2016

Still, Chicago home prices remain stilted since the housing crash. Seasonally adjusted, index recorded an overall 0.2 percent month-over-month increase; the 10-City Composite posted a 0.2 percent decrease, and the 20-City Composite reported a 0.1 percent month-over-month decrease.

Yahoo and Verizon are due to announce $5 billion deal by Monday

July 25, 2016

After the sale is completed, Yahoo will become a holding company for its two stakes in China's e-commerce leader, Alibaba Group, and Yahoo Japan. Last week the firm reported a $440m loss in the second quarter, but said the board had made "great progress on strategic alternatives". Yahoo was not immediately available, and Verizon declined to comment.

Theresa May becomes new Britain's Prime Minister

July 24, 2016

You have now viewed your allowance of free articles. Cameron is stepping down less than three weeks after losing the campaign to keep Britain in the European Union. Mr Cameron had earlier given his final speech as prime minister outside Number 10, saying the job had been "the greatest honour" of his life and that the United Kingdom was "much stronger" than when he took over.

White House calls for Malaysian transparency in wake of fund scandal

July 23, 2016

Attorney in Los Angeles, said at a news conference. While he did not mention his brother in the post, Nazir alluded to what critics have been claiming to be the failings of the Najib administration. Federal officials said more than $1bn was laundered into the USA for the personal benefit of 1MDB officials and their associates. Opposition leaders have taken " Malaysian Official 1 " to mean Najib.

Verizon emerges as front-runner in Yahoo auction

July 23, 2016

Yahoo chose to explore its strategic options earlier this year and has been looking to sell its core internet business or more. Mayer, a native of Wausau, was finally bowing to rising shareholder ire that gained steam after the collapse of a plan to spin off Yahoo's stake in Alibaba Group Holding Ltd.in a way that would minimize the tax impact for investors.

Feds sue stop health insurer combos, see threat to consumer

July 22, 2016

In addition to the Justice Department's antitrust division, state attorneys general also have raised concerns about the mergers and may join any Justice Department challenge, two people said. Anthem shares rose 2.6 percent to $139.01 in late-morning trading, while Cigna shares inched up 0.5 percent to $133.75. Anthem said it is "fully committed to challenging the DOJ's decision in court but will remain receptive to any efforts to reach a settlement".

GOP to kick off convention; Trump to make surprise visit

July 21, 2016

Earlier this month, the slaying of a black man in Baton Rouge by white officers led to protests nationwide and heightened concerns about the state of race relations in America. The anti-Trump forces wanted to change the party's nominating rules to allow delegates to support alternative Republican candidates over Trump. The highest-ranking members in GOP leadership, many of whom were initially skeptical of Trump, have come around, albeit somewhat reluctantly.

Labour face court challenge over Corbyn leadership ballot

July 21, 2016

John McTernan , Tony Blair's former director of political operations, told Sky News that trade unions who voted with Mr Corbyn had "stabbed the party in the heart". Ms Eagle however indicated that she may be willing to run in a three-way battle against both Mr Smith and Mr Corbyn , telling a central London event: "I will leave Owen to do this own thing, I'll do my own thing".

HSBC exec arrested in FX rigging investigation

July 21, 2016

The U.K. Serious Fraud Office also found it hard to make cases against currency traders and announced in March that it was dropping its efforts. Johnson is alleged to have been involved in a front-running scheme involving a transaction worth $3.5bn, according to sources quoted by Bloomberg.

Branstad a 'no comment' on Vilsack's VP prospects

July 21, 2016

Hickenlooper, 64, discussed the vice presidential search with Clinton when she was in Denver at the end of June to unveil her campaign's technology platform. Hillary Clinton deemed as "extremely careless" regarding classified information with her emails, will not be facing charges after all, Federal Bureau of Investigation suggests.

Unilever Snaps Up Dollar Shave Phenom

July 21, 2016

Dollar Shave Club's turnover is expected to grow to over $200 million in 2016 from $152 million a year ago, according to a statement from Unilever on Tuesday. And while having a subscription-based shipping model can take a strain off shipping costs and transit times, Dollar Shave Club , which recently brought its fulfillment in-house in Torrence, CA, and will soon be opening a fulfillment center in OH, will potentially have more distribution points.

Feds probe Fiat Chrysler over alleged false sales reports

July 20, 2016

Quite specifically, Bloomberg reports that a new lawsuit was filed earlier in the year by two Chicago-based FCA-branded dealerships, alleging that the automotive giant tried to lobby dealers into falsifying sales records, by marking unsold cars as sold.

Hawaiian Electric, NextEra walk away from merger plans

July 19, 2016

In a 2-0 decision on Friday, the PUC denied the companies' joint application. The transaction was opposed by a broad coalition of environmental, consumer and business parties because NextEra's business model is incompatible with Hawaii's goal of becoming 100% renewable by 2045.

Ohio's John Kasich urges working together at NAACP convention

July 18, 2016

Then on Sunday, when the OH convention ends, the NAACP's national convention will begin in the Queen City and will host the Democratic Party's presidential candidate on Monday. Kasich had hoped to challenge Trump for the presidential nomination at the convention before the businessman's delegate lead became insurmountable. He has not endorsed Trump, but he's still promoting the Republican agenda.

SoftBank agrees to buy Britain's ARM Holdings for $31 billion - FT

July 18, 2016

Although ARM's microchips are famed as the brains behind the iPhone, fewer than half the 15bn produced to its design previous year were used in smartphones. Mr East became chief executive of Rolls-Royce, the engineering giant that makes aircraft engines, in July a year ago. An announcement on Monday would come less than a month after the Japanese group's founder, Masayoshi Son, scrapped his plans to retire, effectively pushing out his heir apparent, former Google (GOOG.O) executive Nikesh ...

Vietnam Detains Dozens in Anti-China Protest in Hanoi

July 18, 2016

In interviews with RFA's Vietnamese Service, citizens of Vietnam hailed the court's decision, with some urging stronger action by Vietnam's government in defense of their country's own strategic rights. Tung Chee-hwa, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, delivers a keynote speech at the Public International Law Colloquium on Maritime Disputes Settlement in south China's Hong Kong, July 15, 2016.

Brace yourselves...Pokemon Go is officially out now

July 17, 2016

While official patch notes have not yet been released into the wild, it's worth pointing out that the app does seem to start more smoothly when launched. In other words, if your kid plays this game and he wants to get to a location that's far away from your home, you will want to go with him/her. Despite the vague timeframe for global release, Hanke confirmed that Japanese fans will soon be able to download the game, and ultimately in South Korea as well, one of the biggest gaming markets in ...

Niantic wants to roll out Pokemon GO in 200 markets soon: CEO

July 16, 2016

This game turns the board game Monopoly into a fun location-based game that can be played on Android . This pyramid of players and networks between many different cultural groups are the future of alternate reality games and the future of digitized entertainment.

Wells Fargo earnings slip, but mostly meet expectations

July 16, 2016

Citigroup surpassed analyst expectations, while Wells Fargo matched estimates. "It looks like there's a lid on USA yields for some period of time", Wells Fargo Chief Financial Officer John Shrewsberry said in an interview on Bloomberg Television.

JPMorgan Chase CEO says bank it will raise minimum pay

July 16, 2016

Jamie Dimon on confirming the hike reiterated that such hikes most of the time help employees enjoy the benefits of economic growth. Mr. Dimon also stated that the credit quality has been better except for the energy loans. It has also become a big political issue across the USA during an election year. JPMorgan Chase is to raise its guaranteed minimum wage for employees by a fifth, placing its baseline pay in line with the national "Fight for $15" movement.

Lefty on Top: Mickelson Maintains Lead on Rainy Day at Troon

July 16, 2016

Johnson was 5 under. Former Masters champion Charl Schwartzel was among the early movers in round two, a birdie-filled 66 sending the South African charging up the leaderboard to four under. 7, and a wedge that spun back toward the hole on the par-3 eighth and stopped the size of a few real postage stamps from going in for an ace. "This is where it really kind of turned for me", he said.

Cameron resigns, says being PM was the greatest honour

July 15, 2016

Her visit was around 20 minutes after David Cameron went to the Palace to offer his resignation, with Samantha and their children in tow. David Cameron made his final appearance in Parliament as Britain's leader on Wednesday, turning the normally raucous prime minister's questions session into a time for praise, thanks, gentle ribbing, cheers - all spiced with a sprinkle of criticism.

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