Money


UK's second biggest construction company collapses UK's second biggest construction company collapses
- January 16, 2018

Britain's government is under pressure to explain why ministers awarded construction company Carillion 1.3 billion pounds of new contracts after it was known to be in financial difficulty. David Lidington, a minister for the Cabinet Office, which supports the government and the prime minister, said there were plans to bring some of the public services provided by the company in-house, while others would be given to other contractors. (more...)
China: FX reserves being diversified, U.S. bond report may be fake China: FX reserves being diversified, U.S. bond report may be fake
- January 14, 2018

Gross cited three reasons for his bearish bond call: Rising nominal U.S. GDP that will stoke inflation, reduced purchases from global central banks, and higher budget deficits in the U.S. Louis Fed will each be speaking later today. A reading on China's money supply is expected in coming days. The, which measures the greenback's strength against a trade-weighted basket of six major currencies, 0.23% to 92.02 by 11:56 AM ET (16:56 GMT). (more...)
Marriott website in China temporarily closed after questionnaire gaffe Marriott website in China temporarily closed after questionnaire gaffe
- January 14, 2018

Arne Sorenson , the president and CEO of Marriott International, said on Thursday that the hotel group "respects and supports the sovereignty and territorial integrity of China ". Mainland China considers Taiwan to be a rebel province with which it will one day be reunited, by force if necessary. Though Marriott made several posts on Weibo to apologize , it is not clear whether Marriott actively monitors mentions on Weibo or whether they might have been able to get ahead of the negative ... (more...)
Near term Outlook For Twenty-First Century Fox, Inc. (NASDAQ:FOXA)
- January 13, 2018

It has underperformed by 21.05% the S&P500. Compass Capital Management Inc increased its stake in Cvs Health Corp (CVS) by 2.28% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE:BR). M&T Fincl Bank owns 0.03% invested in Broadridge Financial Solutions, Inc. Los Angeles Capital Mgmt And Equity owns 60,380 shares. Mason Cap Mngmt Llc holds 0.2% or 3.89M shares. (more...)
Walmart giving employees $1000 bonuses, raising minimum wage Walmart giving employees $1000 bonuses, raising minimum wage
- January 12, 2018

Retailers, in general, have one of the highest average effective tax rates because a majority of their operations are in the US. "Today, we are building on investments we've been making in associates, in their wages and skills development", Walmart CEO Doug McMillon said in a statement. (more...)
SA loses out on new Toyota-Mazda factory, AP source says SA loses out on new Toyota-Mazda factory, AP source says
- January 11, 2018

After their announced manufacturing partnership in the USA last August, Toyota Motor Co. and Mazda Motor Corp. decided on the site of their $1.6 billion joint production plant. "It vaults Alabama to the top as an industry leader in producing the next generation of cars that will power our nation". Alabama Gov. Kay Ivey and company executives held a joint news conference to announce that the facility is coming to the Huntsville area not far from the Tennessee line. (more...)
City offices closing for MLK Day City offices closing for MLK Day
- January 09, 2018

Day. They will be closed Saturday, Jan. 13 and Monday, Jan. 15. The theme of this observance is "Peace and Equality: A Dream for All People". Day on Monday, Jan. Admission is free. Light refreshments will be served and a live DJ will be on hand for entertainment. Interfaith Commemorative Service at 6 p.m.at Boston Avenue United Methodist Church, 1301 S. (more...)
Serena William Withdraws From Australian Open 12 Days Before The Tournament Serena William Withdraws From Australian Open 12 Days Before The Tournament
- January 08, 2018

However, she chose to bow out of the tournament just four months after giving birth to her daughter, Alexis Olympia . Serena Williams just announced that she will not be participating at this year's Australian Open . In Abu Dhabi, Williams was clearly sluggish and had problems with her serve. World number one Rafael Nadal and six-time Australian Open champion Novak Djokovic also have injury issues, having yet to play a competitive match this year. (more...)
Two Passenger Jets Collide on Tarmac at JFK Airport Two Passenger Jets Collide on Tarmac at JFK Airport
- January 07, 2018

Also on Saturday at JFK Airport, officials said a China Southern Airlines Boeing 777 touched the tail of a Kuwait Airways plane around 12:20 a.m. "Is anyone there?", tweeted one passenger who had landed on a flight from Paris at 8 p.m. Another on a different flight added : "Stranded in the airplane for more than 3 hours in #jfkairport waiting for a gate in the "capital of the world" with freezing temperatures outside starting to affect the cabin. (more...)
All iPhones and iPads affected by Meltdown and Spectre, says Apple All iPhones and iPads affected by Meltdown and Spectre, says Apple
- January 05, 2018

Because these processors and their architecture is commonly used on almost on smartphones, laptops, computers, etc it means every single known device is vulnerable to these exploits. "Since exploiting many of these issues requires a malicious app to be loaded on your Mac or iOS device, we recommend downloading software only from trusted sources such as the App Store", it said in a statement. (more...)
Wind Chill Advisory Expanded…Dangerous Wind Chills Expected Wind Chill Advisory Expanded…Dangerous Wind Chills Expected
- January 01, 2018

At least we'll warm up into the single digits on Tuesday and the lower teens by Wednesday. We're only looking at a light accumulation of about a dusting to an inch of snow across most of western MA. A Wind Chill Advisory will go into effect later tonight for all of southeastern MI. Risky wind chills will likely continue into New Year's Eve night. (more...)
SoftBank tender for Uber stake succeeds SoftBank tender for Uber stake succeeds
- December 29, 2017

Uber's legal tangles include a lawsuit by Alphabet Inc.'s self-driving auto unit Waymo that alleges trade-secrets theft and federal investigations that span possible bribery of foreign officials in Asian countries and the use of software to evade regulators. (more...)
Wisconsin Badgers named to Canada's Olympic hockey team Wisconsin Badgers named to Canada's Olympic hockey team
- December 24, 2017

Three months after the birth of Calder, who was named through a national Twitter contest, Mikkelson was cleared for full competition and the next month attended the national team selection camp for the 2016 worlds and hasn't looked back. "This includes gold medals at the last four Olympic Winter Games and with a reputation like that, all eyes will be on Canada in PyeongChang". "It brings definitely a lot of confidence". (more...)
Accenture (ACN) Given New $152.00 Price Target at Barclays Accenture (ACN) Given New $152.00 Price Target at Barclays
- December 23, 2017

Markel Corp who had been investing in Accenture for a number of months, seems to be bullish on the $94.85 billion market cap company. Vanguard Group Inc. Amalgamated Bancshares, New York-based fund reported 74,776 shares. (NASDAQ:GILD). St Germain D J Commerce Inc holds 0.04% or 3,993 shares in its portfolio. (more...)
Boeing-Bombardier spat puts US-Canadian trade deals in spotlight Boeing-Bombardier spat puts US-Canadian trade deals in spotlight
- December 22, 2017

An global row between the US and Canada has kicked off again as the US Department of Commerce upheld massive tariffs on the import of Bombardier's C Series jet. "Tariffs on the scale proposed by the US Commerce Department in the world's largest airline market, threaten to undermine the long-term economics of Bombardier's presence in Northern Ireland". (more...)
North Korea to the US: We aren't responsible for WannaCry North Korea to the US: We aren't responsible for WannaCry
- December 22, 2017

The British newspaper cited "well-placed" sources, one of whom said that the Pentagon wants to "punch the North Koreans in the nose" so that they know that the United States is serious. This is seen by the administration as an option short of full-scale nuclear war, and the only such option available to them since they're bound and determined not to engage in direct diplomacy with North Korea. (more...)
Republicans expected to pass tax reform measure Republicans expected to pass tax reform measure
- December 20, 2017

The Senate will still vote on the bill Tuesday night before passing it back to the House. The bill passed the House by a vote of 227-203, overcoming united opposition from Democrats and 12 Republicans who voted against it. Protesters briefly interrupted the proceedings, chanting " kill the bill! " right before Speaker of the House Paul Ryan (R-Wisconsin) made his speech on the House floor. (more...)
Korea must 'earn' way to talks Korea must 'earn' way to talks
- December 19, 2017

Security Council for the 12th time from 2023. The Council has struggled to contain North Korea as the country continues to violate sanctions-backed United Nations calls on. Washington needs to shed light on its intentions before proceeding with any campaign to halt North Korea's nuclear ambitions. Tillerson said the USA does not want war with North Korea and is hoping for a diplomatic solution. (more...)
Newcastle players cancel Christmas due to poor results Newcastle players cancel Christmas due to poor results
- December 18, 2017

The Magpies battled and frustrated the Gunners at the Emirates but Mesut Ozil's sumptuous volley sealed a 1-0 win to prolong the visitors' turgid run in the Premier League . "This group of players is working so hard, so I could not have said to them you do not deserve to do this or that - they are giving everything". "We had our chances (against Arsenal )". (more...)
Woman Caught Smoking On Southwest Flight Threatens To 'Kill Everybody' Woman Caught Smoking On Southwest Flight Threatens To 'Kill Everybody'
- December 13, 2017

Curbello later went on to tell a CBS affiliate reporter that she had turned to smoking to try to quell her anxiety. She was arrested and escorted to law enforcement upon landing, Southwest Airlines confirmed. Several passengers and flight attendants got up and restrained her. Our Crew enforced the regulation and that was followed by the passenger outburst. (more...)
Do you watch Netflix? It's watching you, too -- and closely Do you watch Netflix? It's watching you, too -- and closely
- December 13, 2017

Aiming to seize on its success and highlight Netflix's data-gathering ability, the service tweeted on Sunday that 53 people had watched A Christmas Prince every day for 18 days, adding the kicker, "Who hurt you?" It's why automated recommendations work so well. (more...)
Small Group Rallies Around Net Neutrality Small Group Rallies Around Net Neutrality
- December 10, 2017

The rules prohibit providers from charging websites different fees that could create a "fast" or "slow" lane of traffic that critics say would harm small startups that cannot afford larger fees. Two employees, one in an Android mascot costume, even stood near protesters for a while, waving at cars. Ajit Pai the chairman of the FCC, will have his name infamously etched into the history books, at least what remains of them in this near-Orwellian scenario which may very likely be our future. (more...)
Ford to sell cars in China via Alibaba's Taobao Ford to sell cars in China via Alibaba's Taobao
- December 09, 2017

Ford is reportedly pursuing the deal in order to capture sales from the emerging marketplace where vehicles are being sold online in increasing numbers. "Our data-driven technology and platform will expand the definition of auto ownership beyond just having a mode of transportation and into a new medium for a smart lifestyle". (more...)
Starc, Hazlewood lead Australia to second Test victory Starc, Hazlewood lead Australia to second Test victory
- December 09, 2017

The third test starts December 14 in Perth, where England are in danger of surrendering the urn after winning the Ashes on home soil in 2015. No captain had ever inserted the opposition in a day-night Test before and the decision soon backfired as Australia posted 8-442 declared in their first innings. (more...)
USA approves bitcoin futures but Brits plan regulatory crackdown USA approves bitcoin futures but Brits plan regulatory crackdown
- December 05, 2017

On Friday a U.S. federal regulator gave the go ahead to the CME Group to start trading bitcoin futures later this month, the first time the digital currency will be traded on a Wall Street exchange and subject to federal oversight. Bitcoin's market capitalization reached $192.3 billion on Monday afternoon Beijing time, as the price of the cryptocurrency surged to $11,503, according to data provider CoinMarketCap. (more...)
UC Davis Grad Students Protest House Tax Reform Bill UC Davis Grad Students Protest House Tax Reform Bill
- December 01, 2017

We spend 2.7 percent of our GDP on higher education. The rally mirrored many others that took place at universities around the country Wednesday. In addition to public funding, universities also added private equity incomes in the form of endowments (primarily gifts), to safeguard against any unforeseen budget shortfalls, and expand their operating budgets. (more...)
Jeff Bezos I'm Now the $100 Billion Man!!! Jeff Bezos I'm Now the $100 Billion Man!!!
- November 26, 2017

Bloomberg reported that the Amazon CEO's fortune surged $2.4 billion to $100.3 billion, after the retailer's shares grew more than 2 percent on Black Friday . Putting it into context, Bezos made $2.4 billion on Friday, enough by itself to propel a person into Forbes top 1,000 richest people on the planet. (more...)
Kansas jobless rate falls to 3.6 percent while labor market remains flat Kansas jobless rate falls to 3.6 percent while labor market remains flat
- November 18, 2017

Both of those represent changes of less than 0.5 percent. There were 19,600 more unemployed residents over the year compared to October 2016. Unemployment in Nebraska remains well under the national unemployment rate of 4.1%. The U.S. unemployment rate for the month stood at 4.1 percent. On the Kansas side of the Kansas City metropolitan area, unemployment fell two-tenths of a point, to 3.1 percent. (more...)
Foot Locker, Inc. (NYSE:FL) Shares Bought by AMG National Trust Bank Foot Locker, Inc. (NYSE:FL) Shares Bought by AMG National Trust Bank
- November 18, 2017

It fall, as 100 investors sold Foot Locker, Inc . shares while 161 reduced holdings. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a $52.00 target price (down from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. (more...)
Norway wealth fund plans to drop oil and gas stocks Norway wealth fund plans to drop oil and gas stocks
- November 17, 2017

Oil and gas equities now account for around 6% of the Government Pension Fund Global's benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion). The fund is among the world's biggest investors in stocks, owning $667 billion worth of shares in over 9,000 companies globally. Built from Norway's oil and gas revenue over the past two decades, the fund takes into account ethical rules encompassing human rights, some weapons production, the environment and tobacco when ... (more...)
Thanksgiving travel expected to be at highest level in 12 years Thanksgiving travel expected to be at highest level in 12 years
- November 17, 2017

Americans on average are paying $2.56 at the pump, and Virginians have seen an average increase of 30 cent across the state from a year ago. High gas prices are not expected to deter Americans from hitting the road this Thanksgiving. "When consumer confidence is high, more people are willing to travel, even if it means taking on debt", says AAA Idaho spokesman Matthew Conde. "And should help fuel consumer spending and generate a strong finish for the travel industry this year". (more...)
Oil price edges lower on anticipated United States production rise Oil price edges lower on anticipated United States production rise
- November 15, 2017

Global energy demand is 30 per cent higher by 2040 - but still half as much as it would have been without efficiency improvements. This is expected to cut 2.5 million bpd, or about 2 percent, off global oil demand by that time.Still, the IEA's "New Policies Scenario", based on existing legislation and announced policy intentions, expects oil prices to rise towards $83 a barrel by the mid-2020s. (more...)
Amazon to roll out pop-up stores inside Bay Area Whole Foods locations Amazon to roll out pop-up stores inside Bay Area Whole Foods locations
- November 12, 2017

These pop up shops will also help the interested customers to know more about the various services that Amazon offers and the memberships that are available on Amazon Prime. The Seattle-based company says that Whole Foods stores in Chicago; Denver; Rochester Hills, Michigan; Davie, Florida; and Pasadena, California, will open Amazon pop-up stores next week. (more...)
Uber Is Still Trying to Do that Flying Car Thing Uber Is Still Trying to Do that Flying Car Thing
- November 09, 2017

The four-person flights won't become a reality anytime soon, but the company plans to demonstrate the technology in Los Angeles, Dallas and Dubai in 2020. Uber is working with NASA to develop software for managing low-altitude air taxis, potentially opening the door for a future where people can travel short distances in the air rather than on the ground. (more...)
Weir Group PLC (WEIR) Receives Weir Group PLC (WEIR) Receives "Outperform" Rating from Credit Suisse Group
- November 03, 2017

The stock has "Buy" rating by Beaufort Securities on Wednesday, October 28. The company was maintained on Friday, September 23 by Chardan Capital Markets. Investors of record on Thursday, December 1st will be given a dividend of GBX 74 ($0.90) per share. The shares were bought at an average price of GBX 1,439 ($18.99) per share, for a total transaction of £57,560 ($75,956.72). (more...)

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