Finance


Kapanen scores double OT winner as Leafs beat Capitals 4-3 Kapanen scores double OT winner as Leafs beat Capitals 4-3
- April 18, 2017

In the next 10, they had two. Maple Leafs defenceman Roman Polak was forced to exit Game 2 against the Capitals and will miss the remainder of the season according to coach Mike Babcock . That confidence hasn't always been there for Kapanen. If he can't play, Alexey Marchenko will play in what would be his first game since March 25. Kapanen said after the game. (more...)
Uber denies theft of Google's self-driving technology Uber denies theft of Google's self-driving technology
- April 13, 2017

U.S. District Judge William Alsup in San Francisco has ordered Uber to do a more thorough search of its computer systems to see if the documents are in its possession. The San Francisco company also states that it began developing the technology before it hired Levandowski as part of the Otto deal, and says that Waymo's allegations would "fall like a house of cards" on even a cursory inspection of its lidar sensor. (more...)
Vacancies and employment levels at record highs in UK Vacancies and employment levels at record highs in UK
- April 13, 2017

Overall, inflation was up by 13.0 percent on an annual basis, and increased by 1.2 per cent on a monthly basis. Taking the month of February alone, regular pay growth was just 1.9 per cent, although those receiving bonuses saw pay rises of 2.9 per cent. (more...)
Delta Air Lines cancels 3000 flights this week due to weather
- April 11, 2017

Extremely long lines were seen throughout Hartsfield-Jackson Atlanta International Airport on Saturday morning, days after severe storms forced a ground stop at the hub. Delta rescheduled them on a flight for Saturday, but then that flight was canceled. If you plan to fly with Delta Airlines this week, you could see cancellations or delays. (more...)
As KFC shuns some antibiotics, US chicken industry deploys wet wipes, oregano As KFC shuns some antibiotics, US chicken industry deploys wet wipes, oregano
- April 08, 2017

With KFC's announcement, 11 out of the top 15 chains in the USA have now committed to some level of responsible antibiotics use for their chicken supplies, according to a press release from the Natural Resources Defense Council . KFC worked with more than 2,000 farms, a lot of them family-owned and managed, in a dozen states to implement the new policy. KFC also recently pledged to eliminate artificial colors and flavors from all of its core products by the end of 2018 and to have ... (more...)
Vegas Big-Wig Billy Walters Convicted of Insider Trading Vegas Big-Wig Billy Walters Convicted of Insider Trading
- April 08, 2017

Attorney Joon Kim said in a statement. "I'm in total shock". Prosecutors said Walters at one point made a recommendation to Mickelson that the golfer, who at the time owed him a gambling debt, buy Dean Foods stock. Thomas Davis, a former Dean Foods board chairman, testified that he fed Walters tips about major developments involving the company before they became known publicly. (more...)
Rajya Sabha passes all four GST bills without any amendment Rajya Sabha passes all four GST bills without any amendment
- April 07, 2017

The Congress party is likely to support regional parties to obstruct the passage of a key constitution amendment Bill, considering the opposition unity in Uttar Pradesh for the 2019 Lok Sabha elections and to object Narendra Modi government's alleged "dictatorial" attitude in pushing the key legislations as "money Bills". (more...)
Corona maker Constellation's profit, sales top estimates Corona maker Constellation's profit, sales top estimates
- April 07, 2017

The number of Constellation Brands, Inc. shares in issue is 196,057,000 which have a current share price of 171.78 bringing Constellation Brands, Inc .'s market capitalisation to 33.68B Dollars. That's more than a 50% increase on the US$296mln, or US$1.48 a share, it reported for the same period in 2015. The expectation for earnings per share on a comparable basis is in a range of $7.70 to $8.00, compared to the analysts expectation of $7.51. (more...)
Pakistan test captain Misbah-ul-Haq Pakistan test captain Misbah-ul-Haq
- April 07, 2017

Excellent seam bowling by Pakistan limited the West Indies to 124 for eight batting first and set the stage for the batsmen's romp to victory to complete a 3-1 series triumph and claim a potentially significant psychological advantage ahead of the three-match one-day global series in Guyana starting on Friday. (more...)
Germany approves bill curbing online hate crime, fake news Germany approves bill curbing online hate crime, fake news
- April 06, 2017

The draft law would also see individuals from companies facing fines of up to €5M for any criminal content removal failures. The bill is a response to the onslaught of fake news that emerged during the United States 2016 presidential election. (more...)
Trump signs bill blocking online privacy regulation
- April 05, 2017

For end users, the repeal of the law effectively maintains the status quo because it was not enacted before being shuttered, but it's worth noting that the resolution contains language preventing the FCC from enabling similar privacy rules in the future. (more...)
"Pink Star" sells for record $71.2M
- April 05, 2017

Geneva is typically the location for the most important diamond auctions, but Sotheby's chose to try selling the 59.6 carat Pink Star diamond in Hong Kong after a 2013 Geneva auction bidder defaulted on an $ 83 million bid and Sotheby's ended up with the expensive stone for the last four years. (more...)
'Pink Star' diamond sells for record $71.2mn in bidding war
- April 05, 2017

The sale lasted for five minutes and involved three bidders before the winning offer came by phone from Chow Tai Fook , prompting a round of applause. The diamond was expected to be sold for $60 million by auction brokerage company Sotheby's . The crowd in the packed auction room applauded when it was sold for a hammer price of $63 million, not including the buyer's premium. (more...)
Ivanka Trump, Chelsea Clinton commemorate Equal Pay Day
- April 05, 2017

The Pew Survey found several disconnects between what women believe is causing the gender pay gap and the empirical research. Black women are paid 37 percent less than men while Hispanic women make 46 percent less, data show . "Kentucky women lose a combined total of more than $9.2 billion every year. almost 218,000 Kentucky households headed by women, 36 percent of which are in poverty". (more...)
Vehicle makers post mixed sales for March Vehicle makers post mixed sales for March
- April 05, 2017

At Honda , auto sales fell 8.7 percent, while truck and SUV sales rose 8.4 percent. Chrysler brand sales tumbled 33% to 16,969 units and Jeep brand sales plunged 11% to 67,983 units. DETROIT (AP) — Passenger vehicle sales plummeted again in March, dragging USA auto sales to their third straight monthly decline, a strong indication that years of sales growth have come to an end. (more...)
Elon Musk is changing the rules of space travel Elon Musk is changing the rules of space travel
- April 04, 2017

Last year, the Air Force awarded SpaceX, based in Hawthorne, California, its first substantial military contract in a deal valued at $83 million to launch a Global Positioning System satellite aboard a Falcon 9 rocket in May 2018. Historically, rockets have been a single-use object - imagine the cost of commuting to work if you had to buy a new vehicle each day. And it also goes down if the objective is to reuse the rocket. (more...)
Trump walks out before signing executive orders Trump walks out before signing executive orders
- April 03, 2017

A trade surplus occurs when a country exports more than it imports from another country. Extricating the United States from unfair trade deals, agreements and situations was one of Trump's chief election planks that also included pulling America out of the 12-nation Trans-Pacific Partnership and renegotiating NAFTA, a three-country trade agreement with neighbours Canada and Mexico. (more...)
USA sanctions North Koreans linked to weapons of mass destruction
- April 03, 2017

It's impossible to tell if North Korea is putting on a performance for the satellites - a ploy it has sometimes used to raise tensions - or if a sixth nuclear test is imminent. On Thursday, Trump predicted that his meeting with Xi would be "a very hard one", writing on Twitter that job losses and trade deficits, which he blames on an unbalanced relationship with the Asian power, could no longer be tolerated. (more...)
Spain has the power to veto any Brexit deal that involves Gibraltar Spain has the power to veto any Brexit deal that involves Gibraltar
- April 01, 2017

Britain and Spain have engaged in centuries of squabbling over the territorial status of "the rock", and the EU's stance is likely to intensify those arguments. For people living in Gibraltar the outcome of the negotiations may have significant, and life-changing, consequences. Picardo said he hoped that the trade deals Britain hopes to negotiate with other countries around the world, including the United States, will also benefit Gibraltar . (more...)
Top aide to President Donald Trump leaves administration
- March 31, 2017

Deputy chief of staff Katie Walsh said Thursday she chose to make the move after the Trump-backed health care bill failed last week to amass enough support to clear the House. The departure follows a major legislative defeat for Trump last week as the president asked the House to call off a vote on health legislation and is the second high-level departure from the administration in just over two months. (more...)
Delphos library hosts breakfast with Easter Bunny Delphos library hosts breakfast with Easter Bunny
- March 29, 2017

Some events require advance registration, so don't delay. The Easter Bunny also is on duty for picture-taking Sunday and April 8 , 9, 13, 14 and 15; kids are asked to bring a donation of a canned fruit or vegetable for the Quakertown Food Pantry. (more...)
President Trump returns to golf course - this time in Virginia President Trump returns to golf course - this time in Virginia
- March 28, 2017

Club members told Jennifer Jacobs of Bloomberg that Trump indeed played a full 18 holes "with the club pro and a club members". A sign for the Trump National Golf Club is pictured as President Donald Trump's motorcade arrives March 26, 2017 in Potomac Falls, Va. (more...)
CBN to visit banks to ensure new Forex rates are implemented CBN to visit banks to ensure new Forex rates are implemented
- March 28, 2017

The planned move by the CBN , sources say, will further firm up the naira against other currencies as the exchange rates of the greenback and the United Kingdom Pound Sterling continue to move southwards. The CBN spokesperson restated the bank's directive to all banks to process and meet the demand for all travel allowances by end-users within 24 hours of such applications, while requests for school fees and medical bills would be met within 48 hours of such application. (more...)
France's Le Pen focuses on terrorism in Chad leader visit
- March 22, 2017

Though UBS has assigned a relatively " high " 40 percent probability that Le Pen, who advocates that France leave the euro, will win in the run-off on May 7, it doesn't see her as president, Gordon said. He resented being asked a question about political corruption and transparency, pointing out that only Fillon and Le Pen are facing formal investigations. (more...)
Gold Prices Edge Higher, G20 Trade Concerns Underpin Sentiment Gold Prices Edge Higher, G20 Trade Concerns Underpin Sentiment
- March 22, 2017

As the US economy continues to show signs of strength, Chicago Federal Reserve President Charles Evans on Monday said four rate rises from the central bank this year isn't totally out of the realm of possibility. As I gain more confidence in the outlook I could support three total this year. The US dollar index fell by as much as 0.3 per cent in Asian and early European trading, before recovering some ground to stand just 0.1 per cent weaker on the day at 100.19. (more...)
Ivanka Trump's Company Sued By Clothing Rival Over 'Unfair' Kellyanne Conway Plug Ivanka Trump's Company Sued By Clothing Rival Over 'Unfair' Kellyanne Conway Plug
- March 22, 2017

A popular surrogate for her father on the campaign trail, Ivanka Trump moved her young family to Washington at the start of the administration and signalled plans to work on economic issues, like maternity leave and child care. However, they can still advise him as private citizens, which is what Trump will be doing, her lawyer said. Ethics watchdogs are questioning the potential conflicts of interest and violations of anti-nepotism laws that normally prevent relatives from being appointed ... (more...)
Uber's President Jeff Jones resigned after joining the Company for six months Uber's President Jeff Jones resigned after joining the Company for six months
- March 22, 2017

Those departures follow a string of other setbacks, including reports of managers sexually harassing and threatening employees, Uber dismantling a controversial program it used to evade law enforcement, and a lawsuit that accuses Uber of stealing Waymo's self-driving vehicle technology. (more...)
Dollar briefly dives below ¥113 on Fed rate forecasts Dollar briefly dives below ¥113 on Fed rate forecasts
- March 19, 2017

The yield on the 10-year Treasury note rose to 2.53 percent from 2.50 percent late Wednesday. A widely anticipated USA interest rate hike combined with a dovish outlook for the future path of rates lifted emerging stocks to 20-month highs on Thursday but also prompted a number of developing central banks to tighten monetary policy. (more...)
Dollar slides, world stocks gain on Fed move, Dutch vote Dollar slides, world stocks gain on Fed move, Dutch vote
- March 18, 2017

Gold edged up on Wednesday on a weaker dollar and uncertainty over the outcome of Dutch elections, although losses were slight as the market awaited clues from the Federal Reserve on the interest rate outlook. MSCI's all-country world stock index gained 0.7 per cent, and hit an all-time high . Junior companies in the Gold sector will more than likely start seeing some major traction in the near future, especially considering that Fed officials signalled only two more rate hikes this ... (more...)
Russians Charged By The US For Stealing Over 500M Yahoo User Info Russians Charged By The US For Stealing Over 500M Yahoo User Info
- March 18, 2017

After two years, the attackers lost access to Yahoo's networks in September 2016, but stolen data continued to be used until at least through the end of last year, they said. The cyberspying charges, the first ever brought against Russian security operatives, are largely symbolic, officials conceded. "We would hope they respect our criminal justice system, and respect these charges and what they need to do", Head of National Security at the U.S. (more...)
Explosion on erupting Mount Etna injures at least 8 Explosion on erupting Mount Etna injures at least 8
- March 17, 2017

The BBC reports members of one of their teams were injured in the incident at Mt. Etna, near Sicily, and they describe the injuries as being mostly minor, including cuts and bruises. Departures will continue as scheduled. The volcanology institute said it was continuing to monitor the situation. " Violent explosion at the contact between flowing lava and thick snow on Etna about one hour ago", he wrote. (more...)
William Ackman's Pershing Square Sold Stake in Valeant William Ackman's Pershing Square Sold Stake in Valeant
- March 15, 2017

The drug company, which has faced both regulatory and congressional scrutiny for its business practices over the past year and a half, has seen its stock price fall from $204.69 per share when Ackman's fund disclosed its stake in March 2015 to $12.11. (more...)
Gander Mountain files for bankruptcy, Germantown store to close — Milwaukee Business Journal Gander Mountain files for bankruptcy, Germantown store to close — Milwaukee Business Journal
- March 12, 2017

Gander Mountain filed for Chapter 11 bankruptcy reorganization Friday and will close 32 stores, but not its downtown Wichita store. The company said in February plans were in motion for filing. The Eau Claire location on Scully Dr.in Eau Claire is one of those stores. "The petitions were filed in the U.S. Bankruptcy Court for the District of Minnesota, case numbers 17-30673 and 17-30675". (more...)
Indian-American federal prosecutor Bharara sacked
- March 12, 2017

A Justice Department spokesman, Peter Carr, said Trump has asked Rosenstein and Acting Deputy Attorney General Dana Boente, who has served as USA attorney for the Eastern District of Virginia, to stay on. It's fairly customary for the 93 USA attorneys to leave their positions after a new president is in office, but the departures are not automatic and don't necessarily happen all at once. (more...)
Looking at the Levels for Portland General Electric Company (NYSE:POR)
- March 09, 2017

Hedge funds have recently modified their holdings of the company. The company has been using those proceeds to fund its investments in growth projects, while returning a significant amount to investors in the form of buybacks and dividends. (more...)
Yellen: Fed Likely to Raise Rates Yellen: Fed Likely to Raise Rates
- March 07, 2017

On Tuesday, the leaders of the San Francisco and New York Fed banks both spoke of a need to raise rates relatively soon, a message echoed by Fed governors Lael Brainard and Jerome Powell later in the week. "However, partly because my colleagues and I expect the neutral real federal funds rate to rise somewhat over the longer run, we projected additional gradual rate hikes in 2018 and 2019". (more...)
Sources say PSA Group to announce Opel purchase
- March 05, 2017

The French PSA Group, parent company of Peugeot/Citroen, has been negotiating with GM to purchase the loss-making European vehicle brand for several weeks. 2016 was Opel's 16th consecutive year of losses, so it will be interesting to see what will happen to the Rüsselsheim-based marque in the years to come under PSA's umbrella. (more...)
General Electric Company (GE) Shares Bought by Holderness Investments Co
- March 05, 2017

Advisors Asset Management Inc. acquired a new position in Portland General Electric Company during the third quarter valued at $215,000. Beta of General Motors Company (NYSE:GM) is 1.30 while company weekly performance is 1.37%. The Empire District Electric Company is a regulated utility company. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of U.S. (more...)
'Dreamer' Applicant Arrested After Calling for Immigrant Protection 'Dreamer' Applicant Arrested After Calling for Immigrant Protection
- March 03, 2017

She told the crowd Wednesday that she had come out of hiding to give her speech at the press conference, saying she had been in hiding following the recent detention of her father and brother. Baraka said Newark was committed to remaining a sanctuary city despite Trump's executive order threatening to cut federal funding for jurisdictions that limit communication with federal immigration officials. (more...)
Oil in Global Economy Series: Is Saudi Arabia bypassing OPEC deal? Oil in Global Economy Series: Is Saudi Arabia bypassing OPEC deal?
- March 03, 2017

The main reason for the potential fuel price rally is still the production cuts by the OPEC members and Russian Federation to balance the oversupplied fuel market. In December, Saudi Arabia's refinery output reached 2.96 million barrels per day, the highest level in nearly 15 years. Iran's exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011. (more...)