Business


AT&T Chief Says It Made a 'Big Mistake' Hiring Michael Cohen AT&T Chief Says It Made a 'Big Mistake' Hiring Michael Cohen
- May 14, 2018

The antitrust division sued to block the merger in November, saying it would be bad for consumers. The host went on to briefly summarize the Cohen saga, which most recently involves revelations about a Delaware-based shell company through which Cohen paid off porn star Stormy Daniels and also received payments from Korea Aerospace Industries , pharmaceutical giant Novartis and AT&T . (more...)
Time to freak out about oil prices? Time to freak out about oil prices?
- May 14, 2018

Most of those decisions had the effect of pulling the USA back from overseas obligations and alliances - real-life examples of his "America First" doctrine. It will be their missile program. So, actually what Trump has done, has made the situation significantly worse. Whether deliberately timed or just fortuitous, Trump is leaving the Iran agreement, and being blasted by allies and the foreign policy establishment for doing so, at the same time he can point to successes involving North Korea. (more...)
CBS sues Shari Redstone, its controlling shareholder CBS sues Shari Redstone, its controlling shareholder
- May 14, 2018

Redstone , from being able to force a recombination of CBS and Viacom , which are both controlled by the Redstones. National Amusements controls a similar share of the vote at Viacom . In a sign that CBS is keeping the door open to negotiations with Redstone , CBS said in its lawsuit that if it is granted an injunction against Redstone , it would agree not to issue the dividend once it approves it, pending further orders from the court. (more...)
Sonam Kapoor reaches Cannes in black polka dot dress. See pics Sonam Kapoor reaches Cannes in black polka dot dress. See pics
- May 14, 2018

With Rhea Kapoor, Sonam's younger sister and a fashion maverick, at the helm of affairs, the duo unfailingly schools us on all that's in vogue with styles that have only evoked a WOW. Similarly, Kangana Ranaut's styling made heads turn when she walked the red carpet on Saturday. Sharing a video of the process that went behind making the cake is definitely making us drool. (more...)
Today May 13 Vanguard Mega Cap Value ETF (MGV) Increases 0.4%
- May 14, 2018

Positive BOP reading is an indication of buyers' dominance and negative BOP reading is a sign of the stronger selling pressure. Over the past five trading sessions shares of BMO Short-Term US Treasury Bond ETF (NYSE:ZTS) are 3.54%; 0.58% for the month; 16.72% for the last quarter; 21.49% for the past six-months; and 41.41% for the last 12 months. (more...)
Asia's Crowded Budget Airline Market Gets One More Entrant - JAL Asia's Crowded Budget Airline Market Gets One More Entrant - JAL
- May 14, 2018

The carrier's fleet initially will consist of two Boeing 787-8 aircraft, though Japan Airlines has not confirmed how these aircraft will be configured. The airline's entry into the LCC market has so far been limited to a 33.3 percent stake in budget carrier Jetstar Japan Co., the same ratio of interest held by Australia's Qantas Group. (more...)
RBI curbs on Allahabad Bank RBI curbs on Allahabad Bank
- May 14, 2018

The owner - government in this case - may be asked to infuse capital into the lender. This loss was much wider than the net loss of Rs 575 crore recorded in the same quarter a year ago. The RBI had released revised PCA norms a year ago and said that if a bank reached the level of " risk threshold 3 ", it could end up as a candidate for amalgamation, reconstruction or even be wound up. (more...)
Chipotle fired her for alleged theft. Now it owes her $8 million Chipotle fired her for alleged theft. Now it owes her $8 million
- May 14, 2018

The jury overseeing the case believed Ortiz to be a victim of an internal scheme to defame her in relation to a worker's compensation claim she filed because of an injured wrist. She and her attorneys initially asked the jury for $10 million. During his closing arguments, Ortiz's lawyer Paboojian said she had experienced intense anxiety and humiliation, which was interfering with her sleep cycle and everyday life. (more...)
India's wholesale inflation rises to 3.18 per cent in April India's wholesale inflation rises to 3.18 per cent in April
- May 14, 2018

Similarly, the inflation in the fruit basket was higher at 9.65% compared to 5.78% in the previous month. Under primary articles, the index of food articles group rose by 1.9 percent to 139.8 (provisional) from 137.2 (provisional) for the previous month due to higher price of tea (18%), peas/chawali (13%), fruits & vegetables (8%), fish-marine (4%) and pork, paddy and maize (1% each). (more...)
United States and UAE sanction entities connected to Iran's Revolutionary Guard United States and UAE sanction entities connected to Iran's Revolutionary Guard
- May 14, 2018

When pressed by CNN on whether the Trump administration would sanction European firms that continue to do business with Iran , Bolton said , "I think the Europeans will see that it's in their interest ultimately to come along with us". But it hardly makes the USA indispensable. Hassan Beheshtipour, an expert in nuclear energy and a Press TV political commentator, believes that under the circumstances, Iran's nuclear program will not be affected and its nuclear partnership with Russian ... (more...)
Online bookies face $30m gambling tax hit Online bookies face $30m gambling tax hit
- May 14, 2018

Most of Australia's online wagering companies are licensed in the Northern Territory and this move now taxes where a punter is based rather than where a company is licensed. Critics of the gambling industry had expressed concern that Victoria's rate would undercut those of other states. "This new tax will nevertheless have significant negative and far-reaching consequences for Victoria", he said. (more...)
Preferred Apartment Communities, Inc. (APTS) Stock Formed Bearish Multiple Bottom Pattern
- May 14, 2018

The stock decreased 1.26% or $0.18 during the last trading session, reaching $14.16.Currently Preferred Apartment Communities, Inc.is uptrending after 4.83% change in last May 13, 2017. $6,930 worth of Preferred Apartment Communities, Inc. (NYSE:MAA) on Wednesday, February 21. Mid-America Apartment Communities, Inc. registered $622,403 net activity with 0 buys and 1 insider sale since February 21, 2018. (more...)
Gas Prices Rise 1.6 Cents In Chattanooga Gas Prices Rise 1.6 Cents In Chattanooga
- May 14, 2018

Local prices at the pump are still 34 cents per gallon below the US average of $2.86 per gallon and remain the lowest among Tennessee's major metro markets, GasBuddy.com said. Las Vegas- $3.24/g, up 3.0 cents per gallon from last week's $3.21/g. GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. (more...)
Oil prices falling: Europe and Asia resisting United States sanctions on Iran Oil prices falling: Europe and Asia resisting United States sanctions on Iran
- May 14, 2018

OPEC revised up on Monday its forecast for global oil demand growth this year, but noted that sanctions, tariffs, and the USA withdrawal from the Iran nuclear deal point to rising uncertainty over the global economic growth momentum. "For the moment, investors are cautious to any sort of supply disruption, considering the tightness that we're seeing". Prices dropped 66 cents to $70.70 on Friday. (more...)
CBS Sues Redstone's Firm to Block Removal of Network Directors CBS Sues Redstone's Firm to Block Removal of Network Directors
- May 14, 2018

Les Moonves' CBS on Monday declared war on the Sumner and Shari Redstone . "CBS's management team, led by Leslie Moonves (CEO and Chairman), is one of the most accomplished and successful in the media business", states the complaint. The suit, filed with the Delaware Court of Chancery, is seeking to block National Amusements from interfering with a special board meeting. "These escalating attacks make it hard for management to perform its duties and threatens continuity of management". (more...)
HSBC Says Trade Deal Shows Blockchain Viable for Trade Finance HSBC Says Trade Deal Shows Blockchain Viable for Trade Finance
- May 14, 2018

The UK-based bank and Dutch bank ING together processed a "letter of credit" for United States food and agricultural group Cargill , financing a shipment of soya beans from Argentina to Malaysia. The use of blockchain technology in the banking industry is expected to reduce the risk of fraud that exist in letters of credit and other transactions and also cut down on the number of steps used. (more...)
OPEC raises global oil demand outlook for 2018 OPEC raises global oil demand outlook for 2018
- May 14, 2018

Oil erased early weakness to rise modestly Thursday, with Brent crude LCON8, -0.28% the global benchmark, and West Texas Intermediate crude CLM8, -0.03% the USA benchmark, settling at their highest levels since November 2014. The contract closed 1.1 per cent lower on Friday. Mr Pradhan said he was "a little bit concerned" about the impact of the current rise in oil prices on consuming countries but that he did not think oil supply would be an issue. (more...)
BN-themed flight: AirAsia boss says he buckled under pressure BN-themed flight: AirAsia boss says he buckled under pressure
- May 14, 2018

Malaysia's government was criticized for numerous attempts to suppress voter turnout, including holding the election on a Wednesday and sending postal ballots late . He was also pictured with Najib in an AirAsia plane emblazoned with the coalition's campaign slogan and with the cabin crew's signature red uniform changed into the coalition's deep blue. (more...)
Oil hits 3-1/2 year high after U.S. quits Iran deal Oil hits 3-1/2 year high after U.S. quits Iran deal
- May 14, 2018

On Monday, U.S. crude reached $70 a barrel for the first time since November 2014. "It is also likely that Iran would be able to export oil to countries less concerned about United States sanctions, especially in Asia", analysts at Capital Economics argued. (more...)
PNB fraud scam: CBI submits charge-sheet in special court PNB fraud scam: CBI submits charge-sheet in special court
- May 14, 2018

Meanwhile, US firms, controlled by Nirav Modi , have been found to be the recipients of at least $46 million (or over Rs 300 crore) in remittances from Punjab National Bank (PNB) since 2011, show findings of accounting firm BDO's ongoing forensic investigation shared with an American court. (more...)
Turkish airlines plane tail smashed in dramatic collision at Istanbul Intl' Airport Turkish airlines plane tail smashed in dramatic collision at Istanbul Intl' Airport
- May 14, 2018

The Asiana aircraft was taxiing along taxiway Golf when it's right side wingtip sliced through the A321's vertical stabilizer much like a knife slicing through a stick of butter. (more...)
British Gas owner Centrica affirms 2018 targets as chill boosts demand British Gas owner Centrica affirms 2018 targets as chill boosts demand
- May 14, 2018

Energy supply accounts fell by 110,000 in the United Kingdom reflecting "market switching trends", and by 28,000 in North America. Iain Conn, the Centrica chief executive, said the impact of the government's price cap on standard variable tariffs (SVTs ) remains uncertain, but the company expects the measure to be in place by the end of the year. (more...)
Who earned how much from Walmart-Flipkart deal Who earned how much from Walmart-Flipkart deal
- May 14, 2018

Walmart spokesman Randy Hargrove declined to comment on Saturday beyond the company's recent statements and filings. India has more than 400 million millennials, a growing middle class and exploding smartphone penetration, all of which are critical as shopping continues to shift online, the rating agency said , adding "Following the announcement, we affirmed Walmarts Aa2 rating and stable outlook". (more...)
Is Intuitive Surgical (ISRG) Outperforming Other Medical Stocks This Year?
- May 14, 2018

About 232,825 shares traded. It has outperformed by 46.88% the S&P500. Sand Hill Glob Advsr Ltd Llc holds 1,602 shs or 0.06% of its capital. Investors sentiment increased to 12.48 in Q4 2017. Since January 30, 2018, it had 0 buys, and 22 insider sales for $113.86 million activity. On Tuesday, February 20 MELTZER MARK J had sold 6,000 shs worth $2.52M. (more...)
Brokerages Set Banco Bilbao Vizcaya Argentaria (BBVA) PT at $7.66
- May 14, 2018

When we see the company's Volatility, it now has a monthly volatility of 1.03% and weekly volatility of 0.98%. Know the sector and where the company operates can help you narrow in on benchmark numbers to compare against. Earnings per share serves as an indicator of a company's profitability. Banco Bilbao Vizcaya Argentaria, S.A. ( BBVA ) may still provide value, but that is for you to determine with the current information. (more...)
(NYSE:MRK) Shares Sold by Swedbank
- May 14, 2018

About 12.73 million shares traded or 7.53% up from the average. (NYSE:MRK) last released its quarterly earnings data on Tuesday, May 1st. The stock underperformed the S&P 500 by 26.49%. Vanguard Group Inc. lifted its holdings in shares of Merck & Co.by 1.7% during the 2nd quarter. (NYSE:MRK) by 58.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). (more...)
Xerox ends US$6.1 bln Fujifilm deal, settles with Icahn Xerox ends US$6.1 bln Fujifilm deal, settles with Icahn
- May 14, 2018

He replaces Jeff Jacobson, who resigned as CEO and as a board member. The settlement marks the end of tumultuous fight between Xerox and Icahn, its largest shareholder, over a proposed $6.1 billion deal that would hand control of the former US office giant to Fujifilm Holdings Corp. (more...)
What Are Analysts Suggestions On Teva Pharmaceutical Industries Limited (TEVA)
- May 14, 2018

Clal Insurance Enterprises Holdings Ltd decreased its stake in Teva Pharmaceutical Inds Ltd Sponsored Adr (TEVA) by 50.48% based on its latest 2017Q4 regulatory filing with the SEC. Investors sentiment increased to 1.34 in Q4 2017. Its down 0.16, from 1.29 in 2017Q3. 33 funds opened positions while 52 raised stakes. The active investment managers in our database now hold: 196.45 million shares, up from 195.75 million shares in 2017Q3. (more...)
Just the Facts on Union Pacific Corporation (UNP)
- May 14, 2018

The share last price represents downtick move of -1.25% in value from company's 52-Week high price and shows 39.78% above change in value from its 52-Week low price. Perigon Wealth Management Ltd holds 0.02% or 394 shares. Planning Advisors Limited Co holds 1.28% of its capital in Union Pacific Corporation (NYSE:UNP) for 27,260 shs. (more...)
Iran FM Due in Beijing, Moscow, Brussels for Intensive JCPOA Talks Iran FM Due in Beijing, Moscow, Brussels for Intensive JCPOA Talks
- May 14, 2018

Moscow and Tehran will continue to cooperate on the Joint Comprehensive Plan of Action on Iran's nuclear program after the U.S. pulled out of the deal, Russia's foreign ministry said Thursday. "We express regret over this decision made by the United States", said Chinese Foreign Ministry spokesman Geng Shuang on May 9. Maas noted it's important that Iran continues to abide by the deal, adding that he discussed how Moscow could encourage Tehran to do that. (more...)

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