Finance


FCC puts data security protections on hold
- March 03, 2017

The temporary stay will be in place until the FCC votes on a reconsideration of the rules. This rule is not consistent with the FTC's privacy framework. The stay will allow the FCC to consider formal requests from trade groups representing Internet service providers to reconsider the privacy rules, the agency said. (more...)
Carson confirmed as HUD secretary Carson confirmed as HUD secretary
- March 03, 2017

Environmental Protection Agency's budget, targeting climate-change programs and those created to prevent air and water pollution like lead contamination, a source with direct knowledge of the proposal says. She defended her decision in a statement she posted on Facebook . "Dr. Carson should be proud of his achievement. If President Trump goes to his second choice, I don't think we will get another HUD nominee who will even make these promises-much less follow through on them". (more...)
USA manufacturing activity slowed down in February, Markit says
- March 03, 2017

February's reading indicates a sixth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Backlog of orders in February saw a significant gain, rising 7.5 percent to 57.0, and with production at its highest level in several months, Holcomb said that this increase was still not enough to really chew into the backlog, making things promising on that front for the coming months. (more...)
RBS annual losses deepen to £7bn after mis-selling scandal RBS annual losses deepen to £7bn after mis-selling scandal
- February 25, 2017

However, restructuring costs in 2017 are expected to amount to GBP1.00 billion, excluding the costs associated with the mandated restructuring of its Williams & Glyn branches. RBS says it expects to post a profit in 2018 by further removing operating costs and doubling down on digital initiatives across the board. More specifically, he also demonstrated a willingness to continue pursuing his efforts to boost capital for RBS. (more...)
Analyst's Proposition on General Motors Company (GM), The Kraft Heinz Company (KHC)
- February 23, 2017

I am quoted in a Smith Brain Trust article (Robert H. Smith School of Business, University of Maryland) on possible takeover targets for Kraft Heinz ( NASDAQ: KHC ). Colgate-Palmolive, with its a market capitalization of only about $68 billion, would be "more acquirable." . The company reached a 52-week low at 71.83 on Feb 24, 2016. (more...)
Jay Z launches venture capital fund
- February 23, 2017

That gives him playing room to make investments like he did with JetSmarter , TIDAL and Uber's Series B. Now, he's launching a new venture capital fund with longtime business associate and Roc Nation president Jay Brown. The "Jays" also are partnering with Sherpa Capital, although this won't be a Sherpa-branded effort, and existing Sherpa staff won't be leading investments. (more...)
Popeyes to Be Bought by Owners of Burger King and Tim Hortons
- February 23, 2017

In the last trading session, The Company traded 7.3 Million shares. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 4.8%. Restaurant Brands International (NYSE:QSR) last announced its quarterly earnings data on Monday, February 13th. RBI is paying $79.00 per share for Popeyes, a 19.5% premium to the stock's Friday close. (more...)
Islamic State's 'Sinai Province' Releases Photos of Rocket Attack on Southern Israel
- February 23, 2017

The claims have not been confirmed by any Israeli or Egyptian authorities. A statement quoted by the Amaq news agency, one of ISIS' chief propaganda outlets, said "ISIS fighters yesterday attacked the residents of the Israeli Eshkol region with two Katyusha-type rockets, south of Palestine". (more...)
Global arms trade reaching Cold War levels Global arms trade reaching Cold War levels
- February 21, 2017

Of all the weapons the US exported in the last five years, 47% ended up in the Middle East. The largest arms importer during the five-year period was India, increasing volume by 43 percent and now accounting for 13 percent of the global total. (more...)
Kraft Heinz pursuing Unilever in takeover move Kraft Heinz pursuing Unilever in takeover move
- February 18, 2017

Kraft said it had made "a comprehensive proposal" and looked "forward to working to reach agreement on the terms of a transaction". Kraft Heinz , which is listed on the U.S. For comparison, the largest retail or consumer deal of 2015 was H.J. Heinz's $53.1 billion acquisition of Kraft Foods. Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 87.28 on Wednesday. (more...)
New Orleans chefs, restaurants named James Beard Award semifinalists New Orleans chefs, restaurants named James Beard Award semifinalists
- February 17, 2017

Lomas was nominated previous year in the same category. The culinary equivalent of the Oscar's, the James Beard Foundation has announced the semifinalists for the 2017 awards. Meanwhile, the James Beard Foundation once again honored Scott Anderson of Princeton's Elements, Joey Baldino of Collingswood's Zeppoli and Dan Richer of Jersey City's Razza Pizza Artigianale of Jersey City with nominations for best chef Mid-Atlantic. (more...)
Fed likely to raise rates at an upcoming meeting Fed likely to raise rates at an upcoming meeting
- February 16, 2017

Yellen said Tuesday that waiting too long to raise rates could allow inflation to spike and force the Fed to boost rates sharply which could disrupt the economy. An interest rate rise could also take place in March or May. On Tuesday, Yellen reiterated her stance that the Fed would increase rates gradually as long as economic fundamentals like employment and wages continue to go up. (more...)
Verizon Cuts Yahoo Price Tag by $250 Million
- February 16, 2017

The New York Times later reported that the discount may be closer to $300 million. Telecom giant Verizon is reportedly moderating the terms of its pending Yahoo acquisition following the two massive security breaches that have plagued the ailing internet giant, starting in 2013. (more...)
Louisiana's rank for structurally deficient bridges continues to climb
- February 16, 2017

The ARTBA report did find that the number of deficient bridges slightly declined by 0.5 percent, or 2,785 bridges, compared to 2015, but that pace would take more than two decades to replace or fix all of the bridges. Transportation Secretary Elaine Chao said during her confirmation hearing that the highway trust fund is "a huge issue" because it spends $10 billion more each year than it collects. (more...)
China Jan copper imports slip as business slows China Jan copper imports slip as business slows
- February 12, 2017

Economists had forecast exports to grow 5.2 percent and imports by 15.2 percent. -China trade and political ties is likely to weigh on confidence of exporters and investors worldwide. Imports in China went up 16.7 percent in January, while exports rose 7.9 percent last month. While China's exports fell the most a year ago since 2009, other major Asian exporters have seen a rebound in recent months, due largely to stronger electronics shipments and higher prices for oil products such a ... (more...)
The reviews for Fifty Shades Darker are just the worst The reviews for Fifty Shades Darker are just the worst
- February 12, 2017

Natalie Collins, who set up the " 50 Shades is Abuse" campaign, believes Fifty Shades Darker is not pro-women or realistic. "This movie made me sleepy". For right now, however, Fifty Shades Darker has taken a sizable lead in the race. Christian can't live without Anastasia and lures her back, promising he will no longer get off on the "rough" sex they've previously had. (more...)
OPEC countries complying with agreed output cuts: IEA
- February 11, 2017

An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began a year ago, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market. (more...)
DHS Secretary John Kelly Tours Texas Border with Gov. Greg Abbott
- February 03, 2017

Marine Corps. Each year, thousands of migrants risk crossing the border, navigating hard terrain in extreme temperatures and often relying on unscrupulous human traffickers. The Rio Grande Valley, known as the "RGV sector", is among the busiest. He declared that Mexico would be forced to pay for the entire wall. It may seem like he just took office, but one of President Donald Trump's most controversial campaign promises could come to fruition before the end of 2019. (more...)
US Federal Reserve stays put on rates US Federal Reserve stays put on rates
- February 02, 2017

It has indicated that three increases are likely this year as it pushes interest levels back to a more normal level. Since then the Fed has hiked rates twice-once at its December meeting in 2015 and again at its December meeting in 2016. (more...)
Eurozone Manufacturing Activity Approaches Fastest Pace in Six Years Eurozone Manufacturing Activity Approaches Fastest Pace in Six Years
- February 02, 2017

Meanwhile Eurozone manufacturing PMI was revised up to 55.2, continuing a streak of expansion in the sector that has run unbroken since July 2013. "The three-month average of the survey's output balance is consistent, on the basis of past form, with very healthy quarterly gains in manufacturing output of almost 2pc following growth of just 0.3pc in 2016 as a whole", said Ruth Gregory at Capital Economics . (more...)
Teva Pharmaceutical Industries Limited (NYSE:TEVA) Reviewed By Analysts Teva Pharmaceutical Industries Limited (NYSE:TEVA) Reviewed By Analysts
- February 01, 2017

In case of Revenue Estimates, 20 analysts have provided their consensus Average Revenue Estimates for Teva Pharmaceutical Industries Limited as 6.26 Billion. Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. (more...)
Trump Calls Top Senate Democrat's Emotional Response to Muslim Ban 'Fake Tears' Trump Calls Top Senate Democrat's Emotional Response to Muslim Ban 'Fake Tears'
- January 31, 2017

British Foreign Secretary Boris Johnson joined a chorus of concern expressed by US allies, ranging from Iraq to Germany, at Trump's executive order to forbid entry into America by refugees and people from some predominantly Muslim countries. (more...)
Trump Proposes Big Import Tax, Triggering Fight With Mexico Trump Proposes Big Import Tax, Triggering Fight With Mexico
- January 31, 2017

He also said that Mexico is willing to reach agreements with the Trump administration but cautioned that his next step will be based on the report from Mexican officials now based in Washington. And major harm to Mexico's economy would surely spur more people to risk deportation, jail or even death to somehow cross the border to the US - undercutting Trump's major goal of stopping illegal immigration. (more...)
Alphabet Inc. (GOOGL) Stock Slumps on Q4 Earnings Miss
- January 29, 2017

Revenue is up 22% from $21.3 billion in Q4 2015, with net income at $5.3 billion for this quarter. Alphabet ended 2016 with $86.3 billion in cash, up from $73 billion a year ago. He is also VP of Strategy and Insights for the Local Search Association. Pichai said that the company is focused on two main areas of investment for YouTube: creating the best video experience that is "fast, personalised, searchable and that just works"; and delivering content that gives fans "exactly what they ... (more...)
White House misspells Theresa May's name three times ahead of Trump meeting White House misspells Theresa May's name three times ahead of Trump meeting
- January 28, 2017

Trump's reference to the US-led NATO military alliance as " obsolete " has also caused alarm across the Atlantic. During her speech, May emphasized the importance of U.S. In response to a question about potential shifts in the US relationship with Russian Federation and talk of potentially lifting sanctions, which has sent Sen. (more...)
The Community Trust Bancorp, Inc. (CTBI) to Release Earnings on Wednesday The Community Trust Bancorp, Inc. (CTBI) to Release Earnings on Wednesday
- January 28, 2017

Community Trust Bancorp had a net margin of 24.28% and a return on equity of 9.60%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Institutional investors and hedge funds own 60.42% of the company's stock. BlackRock Inc. boosted its stake in Community Trust Bancorp by 195.5% in the second quarter. (more...)
Strong whisky sales help Diageo back into growth Strong whisky sales help Diageo back into growth
- January 28, 2017

In contrast, the beer category which accounts for 16% of Diageo's sales, registered a net sales decline of 1% in Africa , impacted by the significant tax increase on bottled beer in Kenya. Ivan Menezes, who has faced persistent questions over his tenure as chief executive, said the hard work of the past three years was turning Diageo into a "stronger, more consistent, better-performing company" that was quicker on its feet and able to generate higher returns. (more...)
Australian Inflation lower than expected
- January 26, 2017

And even if it perks up in the current quarter because of the jump in oil and petrol prices in January that will be welcomed by the RBA which is looking for some stirring in inflationary pressures this year to boost incomes and nominal economic growth. (more...)
Chinese firm buys Rio's NSW coal mines Chinese firm buys Rio's NSW coal mines
- January 25, 2017

Rio Tinto said the sale came after all avenues were explored, and that the offer from Yancoal stood alone as representing "compelling value". Yanzhou Coal, which has a 78 per cent stake in Yancoal Australia, said it would invest as much as $US1 billion in fresh equity in its local arm, although the details would depend on the outcome of investor meetings, which are due to be held later next month. (more...)
FL Man Arrested for Donald Trump Assassination Threat FL Man Arrested for Donald Trump Assassination Threat
- January 22, 2017

The family knew Hillary Clinton through work at the AIDS Action Committee, American Cancer Society and American Red Cross, and Clinton - then a USA senator - gave a eulogy at his mother's funeral, the Miami Herald reported . Puopolo is being held without bail in Miami-Dade County jail after allegedly posting a video of himself to Twitter in which he said, "This is the 16th of January 2017, I will be at the inauguration and I will kill President Trump, President-elect Trump today", according ... (more...)
Women's march will be held downtown Women's march will be held downtown
- January 21, 2017

Marchers will voice support for the rights of women, minorities and immigrants, and against the normalisation of misogyny. The marches will seek to reaffirm the core American values of freedom and democracy for all at a time when many fear that their voices will be lost (March on Washington). (more...)
China's economy grew by 6.7% in 2016 China's economy grew by 6.7% in 2016
- January 21, 2017

Growth in Q-4 came in at 6.8%, accelerating from the 6.7% in Q-3, according to National Bureau of Statistics data (NBS). The re-balancing continues. It was the the slowest year-on-year increase in six months. The good news is the rebalancing is progressing nicely - in fact consumption continues to account for nearly two thirds of growth in 2016. (more...)
Safran tables €10 bn takeover offer for Zodiac Aerospace
- January 20, 2017

Safran has agreed to buy struggling French aircraft interiors supplier Zodiac Aerospace in a merger deal worth €8.5 billion ($9.1 billion). "We are delighted to participate in the combination of two leaders of the industry with complementary positions and strong innovation abilities dedicated to their customers", said Didier Domange, chairman of Zodiac's supervisory board. (more...)
Kinder Morgan Inc (KMI) Releases Earnings Results, Misses Expectations By $-0.10 EPS Kinder Morgan Inc (KMI) Releases Earnings Results, Misses Expectations By $-0.10 EPS
- January 20, 2017

The analysts estimated mean EPS at 0.16 while the high and low EPS estimate stand at 0.19 and 0.14 respectively. President and CEO Steve Kean said, "We are pleased with our operational performance for the quarter, which contributed to full year 2016 results that were in line with our guidance provided since April". (more...)
Bank of Canada Holds Rates Steady, but Says Further Easing Is Possible Bank of Canada Holds Rates Steady, but Says Further Easing Is Possible
- January 19, 2017

The bank says the outlook only factors in the impact of the expected USA fiscal boost, which would help Canada through increased demand, and the effects of Trump's plan to cut corporate taxes, which it says would hurt Canada's competitiveness. (more...)
Apple App Store prices rise in UK, India and Turkey
- January 18, 2017

One aspect of the app store which will remain unchanged however are subscriptions. Do you think the app store is a monopoly? . That brought the total amount that developers have earned since the App Store's debut in 2008 to around $60 billion. (more...)
Freezing rain advisory for Midland County
- January 17, 2017

Additional accumulation of ice, sleet and snow is possible Monday evening. High near 55. Southeast wind 5 to 8 miles per hour. Partly cloudy Wednesday night , with lows in the low 30s (-1 to 0 degrees Celsius). Ice accumulation in the Omaha area is expected to be up to a third of an inch. That line should push into the Omaha metro after 6:00 p.m., possibly with another dusting of sleet and snow. (more...)
Mexican peso hits fresh lows ahead of Trump conference
- January 12, 2017

Trump spoke directly to companies that have plans to build in Mexico or elsewhere, promising to penalize companies that, "want to move to another country and fire all of our great American workers that got you there in the first place". At Wednesday's press conference, Trump named various ways that Mexico could pay America back for building the wall such as a tax or a payment. A wall won't work anywayEverything that has been learned about border walls are that they do not work. (more...)
Automakers reveal new models at the Detroit auto show
- January 11, 2017

Volkswagen's Audi unit, for example, builds a small Q2 SUV and its A3 sedan on the same assembly line, Dietmar Voggenreiter, head of sales and marketing for Audi, said in an interview. Cheap gasoline is emboldening some automakers to add more SUVs based on body-on-frame pickup truck designs - after years of shifting SUVs to lighter, car-like unitized body construction. (more...)
Volkswagen Tiguan: What Honda CR-V Should Have Been
- January 11, 2017

The only powertrain available when the sales start will be an upgraded version of the 2.0-liter turbocharged inline-four - delivering 184 horsepower and 221 pound-feet of torque, hooked to an eight-speed automatic transmission. Each model will also feature the latest touch-screen infotainment system, and a raft of safety assistance features such as lane keeping assist, emergency braking, adaptive cruise control, smartphone integration and a head-up display. (more...)