Finance


Cooper: Truth and the IG report Cooper: Truth and the IG report
- June 18, 2018

DOJ inspector general Michael Horowitz noted in his final report that his investigators asked FBI agents assigned to the Clinton case - known as "MidYear" - why they did not seize the devices given they may have been used to store classified emails. (more...)
Elon Musk’s Boring Company gets Chicago airport loop contract Elon Musk’s Boring Company gets Chicago airport loop contract
- June 17, 2018

Boring Company has developed what it says is faster drilling technology that allows it to create tunnels at least 90 percent below the cost of conventional methods. This rendering shows the company's proposal for its O'Hare station. That limited interest from bidders and has caused some to take a sceptical view of the so-called O'Hare Express project, which has been in the works for years. (more...)
Comcast Outbids Disney For 20th Century Fox Assets Comcast Outbids Disney For 20th Century Fox Assets
- June 15, 2018

The Justice Department argued that the merger between AT&T and Time Warner would introduce unfair advantages in the marketplace. Most analysts had expected that District Judge Richard Leon would rule in favor of the companies and strike down a Justice Department's lawsuit to block the deal, which may have muted some of the immediate reaction. (more...)
Tesla cutting 9% of jobs - Elon Musk Tesla cutting 9% of jobs - Elon Musk
- June 13, 2018

As of Tesla's annual filing in December, the automaker had 37,543 full-time employees. In his email to employees, Musk also said the company would stop selling its solar panel units at Home Depot to better focus on sales on its own stores and website. (more...)
Trump pledges to punish 'the people of Canada' Trump pledges to punish 'the people of Canada'
- June 13, 2018

Trump said he chose to back out of the G7 communique after watching Trudeau's closing summit news conference , at which he warned that Canada would not be pushed around on tariffs - a point the Canadian prime minister had made several times before. (more...)
AT&T wins court approval to buy Time Warner for $85 billion AT&T wins court approval to buy Time Warner for $85 billion
- June 13, 2018

A federal judge on Tuesday gave a ringing endorsement to AT&T Inc's planned acquisition of Time Warner Inc without any conditions , opening the door for companies such as Comcast Corp and Verizon Communications Inc to pursue deals to buy creators of media content. (more...)
No panic in Singapore as summit approaches
- June 12, 2018

The despot took a break from official government business on Monday to take a mini tour with Singapore Foreign Minister Vivian Balakrishnan , his sister and other top deputies. As Trump and Lee sat down for a working lunch at the Istana house, the president sounded optimistic, telling Lee, "We've got a very interesting meeting in particular tomorrow, and I think things can work out very nicely ". (more...)
Net Neutrality Officially Expired. Now States Are Passing Their Own Laws Net Neutrality Officially Expired. Now States Are Passing Their Own Laws
- June 12, 2018

Your ability to watch and use your favorite apps and services could start to change - though not right away - following Monday's official repeal of Obama-era internet protections. For now, we are in a wait and see mode to see what happens next. Eventually, these extra charges could be passed along to the public. But the push is unlikely to succeed: while a vote in the Senate has put pressure on the House, the larger Republican majority in House is likely to keep things from going any further. (more...)
Hannity to interview Trump after North Korea summit Hannity to interview Trump after North Korea summit
- June 12, 2018

The stars of Tuesday's highly-anticipated summit are undoubtedly President Donald Trump and North Korean leader Kim Jong Un . Asked if he would meet Kim in Singapore , the ex-basketball player said he thinks the North Korean leader "has bigger things to worry about than seeing me right now". (more...)
Verizon CEO to Retire, Succeeded by a Newcomer Verizon CEO to Retire, Succeeded by a Newcomer
- June 11, 2018

With Hans Vestberg taking over as the new Verizon CEO, Lowell McAdam will be changing roles. McAdam, 64, who has been CEO since 2011, will serve as executive chairman until the end of next year, when he will retire and become non-executive chairman, a Verizon statement said . (more...)
Ghanaians shocked by alleged soccer bribery documentary Ghanaians shocked by alleged soccer bribery documentary
- June 10, 2018

Mr Nyantakyi has not replied to multiple requests for comment while the GFA has said it would cooperate with any investigation. The two-hour documentary, " When Greed and Corruption Become the Norm ", is the work of undercover journalist Anas Aremeyaw Anas and Wednesday's public viewing was the first since it was released to the authorities last month. (more...)
Trump Feuds With Leaders of France, Canada Before Summit Trump Feuds With Leaders of France, Canada Before Summit
- June 08, 2018

Kudlow said allies should understand that Trump "will do what is necessary to protect the USA, its businesses and its workforce", adding that Trump "has always said, and I agree, tariffs are a tool in that effort". Trudeau called Trump's tariffs "irresponsible" and " insulting ". "To the degree one can ever take what is said as a joke", the source told CNN . (more...)
World's biggest investor in clash with Tesla over Elon Musk's dual role World's biggest investor in clash with Tesla over Elon Musk's dual role
- June 07, 2018

Wait times for the Model 3 are three to four months for an order placed today in the USA and 15 months for right-hand-drive cars, meaning the Model 3 is unlikely to arrive on British soil before the third quarter of 2019. Just days after failing to receive a Recommended score in Consumer Reports , the Tesla Model 3 received the Recommended label after improving its braking performance via an over-the-air software update. (more...)
Germany's FDP calls for parliamentary inquiry on… Germany's FDP calls for parliamentary inquiry on…
- June 05, 2018

Merkel said. The force is a key element of Emmanuel Macron's proposals to reform European defence and integrate the continent's many militaries more closely together. Merkel backed the step-by-step introduction of a euro zone investment budget in the low double-digit billions of euros, saying this could be housed within the European Union budget or outside. (more...)
Ahead of Trade Talks, Trump Slaps More Tariffs on China Ahead of Trade Talks, Trump Slaps More Tariffs on China
- June 04, 2018

Earlier this week, trade tensions between China and the United States flared after Washington threatened to enact 25% tariffs on USD50 billion worth of Chinese imports, despite previously having agreed to put the tariffs on hold. China's retaliatory tariffs against USA tariffs on steel and aluminum are already having an impact on US producers, he said. China, on May 30, lambasted "sudden flip-flops" in USA policy after President Donald Trump said he was moving to finalize trade sanctions ... (more...)
Trump's tweet about jobs report raises questions Trump's tweet about jobs report raises questions
- June 04, 2018

The rule states: "All employees of the Executive Branch who receive pre release distribution of information and data estimates as authorized above are responsible for assuring that there is no release prior to the official release time". The embargo on Executive Branch employees talking about the numbers is "to create in the minds of the public the clearest possible separation between when the nerds speak and when the politicians spin", says Justin Wolfers, professor of economics and public ... (more...)
Eurozone inflation in big jump just as uncertainties mount Eurozone inflation in big jump just as uncertainties mount
- June 02, 2018

The ECB's bond buying programme has provided a powerful backstop to euro zone government debt, although moves in Italian markets in recent days suggest that this buffer may have lost its punch. Over the weekend, populist parties attempted to form a government , which ultimately failed after Italian president Sergio Mattarella vetoed their choice for finance minister, Paolo Savona, a euroskeptic who once described the eurozone as "a German cage". (more...)
Sears to close Spartanburg store Sears to close Spartanburg store
- June 01, 2018

The closures will leave Des Moines and Sioux City as the only Sears stores in Iowa. Fifteen Kmarts and 48 Sears stores nationwide are slated to close, including a Sears store in Springfield, Ill. "We will be working with them closely as the plans are finalized by Sears Holding as to the future of the building". Sears Holdings closed its Kmart location at 180 Main St.in Saugus on earlier this month. (more...)
Amazon blocks Australia from global sites over tax Amazon blocks Australia from global sites over tax
- May 31, 2018

In addition to allowing Amazon's U.S. arm to bypass complicated GST obligations, it also forces more customers to use the Australian service, therefore boosting its sales performance. The Australian version launched late previous year, with some 60 million products available. Amazon has today announced that from July 1st, Australian shoppers will no longer be able to use Amazon.com (as well as all of the other overseas Amazon sites). (more...)
European markets are on edge as Italy's government unravels European markets are on edge as Italy's government unravels
- May 31, 2018

The coalition had wanted to place 81-year-old economist Paolo Savona in charge of Italy's economy, although the former industry minister has been a key figure in questioning Italy's participation in the eurozone and the budgetary restrictions the European Union requires of its members. (more...)
Rahul Gandhi terms 1 paisa petrol price cut as `prank, childish move` Rahul Gandhi terms 1 paisa petrol price cut as `prank, childish move`
- May 31, 2018

Prices of both petrol and diesel were cut just by a paisa across the country. The "Joke of Petrol, diesel prices cut by 1 paisa " did not go down well with people on social media . He also welcomed Kerala government's move of cutting the fuel price by Re 1 earlier in the day. It is not for the first time that there has been a change of 1 paisa. (more...)
Starbucks to close over 8000 stores today for employee diversity training Starbucks to close over 8000 stores today for employee diversity training
- May 30, 2018

Haddad, like others across the country, was a bit suspicious of Starbucks' motives in closing down its stores. One afternoon wouldn't really be "moving the needle on the biases", especially with a company that has as many employees as Starbucks, he said . (more...)
New privacy law forces some United States media offline in Europe New privacy law forces some United States media offline in Europe
- May 26, 2018

We run a lot of competitions on UKC - around 2 or 3 a week sometimes. The Equifax hack past year was particularly bad because the information leaked could be used to open credit cards . Failure to report data breaches will also now carry substantial financial penalties of upto €20 million or four per cent of annual turnover, whichever is greater. (more...)
The last thing Beijing needs at this time is a trade war The last thing Beijing needs at this time is a trade war
- May 26, 2018

The European Union, by comparison, has a 10 percent levy on foreign-made cars entering its borders. President Trump on Tuesday said he was not happy about the progress of trade talks with China - but also suggested that the USA would likely cut a deal to keep Chinese telecommunications giant ZTE in business. (more...)
German FM: Europe 'Very United' On Decision To Stay In Iran Deal German FM: Europe 'Very United' On Decision To Stay In Iran Deal
- May 24, 2018

The US has "deep enmity with" Iran, he said, adding that Washington intends to "destroy the power factors of the Islamic republic", Xinhua reported. President Trump orders the Justice Department to investigate the Russian Federation investigation. "Mr Pompeo and other US officials in the current administration are prisoners of their wrong illusions, prisoners of their past and have been taken hostage by corrupt pressure groups", he told state television. (more...)
Trump Initiates Trade Inquiry That Could Lead to Tariffs on Foreign Cars Trump Initiates Trade Inquiry That Could Lead to Tariffs on Foreign Cars
- May 24, 2018

It was not clear, however, whether Trump's tweet was referring to a possible breakthrough in the talks. Trump had signaled the move on Twitter earlier on Wednesday, writing: "There will be big news coming soon for our great American autoworkers". (more...)
Ariana Grande sends love to fans on Manchester massacre anniversary Ariana Grande sends love to fans on Manchester massacre anniversary
- May 23, 2018

The pop star tweeted early Tuesday morning that she was thinking of the survivors and the families of victims. "I love you with all of me and am sending you all of the light and warmth I have to offer on this challenging day", she wrote. (more...)
RED announces AT&T, Verizon (US) & Telcel (Mexico) as Hydrogen One Carrier Partners RED announces AT&T, Verizon (US) & Telcel (Mexico) as Hydrogen One Carrier Partners
- May 18, 2018

Updated 2:14 p.m. PT to correct full name of phone ("Hydrogen One", not just "Hydrogen"). We still don't know exactly when RED Hydrogen One pre-orders will start being fulfilled, let alone when sales are supposed to begin for new buyers, but both Verizon and AT&T are throwing their weight behind the mobile "4-View holographic" project. (more...)
How will the Iran deal collapse impact crude prices How will the Iran deal collapse impact crude prices
- May 18, 2018

Brent crude oil reached an intraday peak of $79.47 a barrel, up $1.24 and its highest since November 2014, before retreating to $78.14, down 9 cents by 10:09 EDT. Oil rose to $80 a barrel in London for the first time since 2014 as US crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran. (more...)
Adnoc to supply first oil cargo for Indian emergency reserve Adnoc to supply first oil cargo for Indian emergency reserve
- May 14, 2018

Downstream Investment Forum is a very important forum and UAE is a reliable partner of India. They produce some 40 million tons per year of refined products, and a range of other products, including granulated urea, liquefied petroleum gas (LPG), naphtha, gasoline, jet fuel, gas oil and base oils, fuel oil, and other petrochemical feedstock. (more...)
Elon Musk boasted nearly finished the tunnel under Los Angeles Elon Musk boasted nearly finished the tunnel under Los Angeles
- May 12, 2018

The additional red tape must be dealt with before the tunnel is converted to a fully functional service, however. Before any member of the public can go for a ride through the tunnel, presumably on one of the company's proposed sleds, The Boring Company will need regulatory approval. (more...)
BOE downs the pound, weak US CPI hardly helps BOE downs the pound, weak US CPI hardly helps
- May 11, 2018

The outlook and the main factors shaping it are broadly similar to those set out in the previous Report. But the Bank said it expected Q1 growth figures to be revised higher, estimating underlying growth at around 0.3%, while it added activity would bounce back in the second quarter. (more...)
ZTE to cease operations of main business due to U.S. sanctions ZTE to cease operations of main business due to U.S. sanctions
- May 11, 2018

The US hit the company with a $1.2 billion fine, but agreed to suspend an export ban for a three-year probation period. The Commerce Department slapped ZTE with a seven-year product sales prohibit in an instance between exports of electrical gear into Iran along with North Korea. (more...)
Deepika All Set For Cannes Deepika All Set For Cannes
- May 11, 2018

She completed this look with some fantastic red Christian Louboutin shoes. Keeping it simple and basic she wore black sari with a basic sleeveless blouse. Deepika slayed it in style in different attires mostly in Loreal makeup, dressed by Philosophy and shoes by Alberta Ferretti. The last look, at the time of reporting, Deepika posed with the Cannes' waters playing as the background. (more...)
Arab League Stresses Need to Review Iran Nuclear Deal
- May 10, 2018

The 2015 accord among the U.S., Iran , Germany, France, the United Kingdom, Russia, China and the European Union provided sanctions relief to Tehran in exchange for curbing its nuclear program. The South Asian nation's imports from Saudi Arabia were up 1.9% to about 811,000 bpd, but the big mover was imports from Iraq, up a massive 45% to 1.13-million bpd. (more...)
Valeant Pharmaceuticals International (VRX) PT Set at $16.00 by HC Wainwright Valeant Pharmaceuticals International (VRX) PT Set at $16.00 by HC Wainwright
- May 09, 2018

The stock remained 3.28 percent unpredictable for the recent week and 3.3 percent for the last month. (NYSE: VRX)'s stock was -12.61%. It has outperformed by 30.45% the S&P500. (NYSE: VRX ). Gabelli Funds Limited reported 0.01% stake. Also, there are 0 buy, 0 sell and 3 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation. (more...)
Comcast might snag 21st Century Fox from Disney Comcast might snag 21st Century Fox from Disney
- May 09, 2018

If the deal does proceed, however, and Comcast edges in to steal Disney's thunder, then it will simultaneously interrupt the company's efforts to "reunite the X-Men, Fantastic Four , and Deadpool " with the rest of the established Marvel Universe, much to fan disapproval. (more...)
Here's why Warren Buffett isn't anxious about Berkshire Hathaway when he retires Here's why Warren Buffett isn't anxious about Berkshire Hathaway when he retires
- May 09, 2018

Fellow billionaire and Gates pal Warren Buffett said the largest cryptocurrency is "probably rat poison squared" at Berkshire Hathaway's annual shareholder meeting on Saturday. The endorsement was well received and Apple CEO Tim Cook responded to the endorsement and appreciation in kind in a statement where he said , "On a personal level, I've always greatly admired Warren and have always been grateful for his insight and advice". (more...)
Genus plc (LON:GNS) Ratings Summary as of May 6, 2018
- May 08, 2018

The firm has "Buy" rating by Peel Hunt given on Thursday, December 14. The stock of Sirius Minerals Plc (LON:SXX) has "Buy" rating given on Monday, February 26 by Liberum Capital. Nine Masts Cap Limited invested in 56,400 shares or 0.13% of the stock. Funds hold 664.17 million shares thus 0.25% less from 2017Q3's 665.82 million shares. (more...)
Retired Prison Guard Eats His 30000th Big Mac Retired Prison Guard Eats His 30000th Big Mac
- May 08, 2018

Gorske also made a promise to his mother who requested that he will not eat Big Mac on the day of her death, so he didn't eat one when she died on April 27, 1988 . He has an impressive collection of receipts, burger wrappers, and containers. He even has the day when McDonald's switched to shredded lettuce marked down: February 10, 1999. (more...)

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