Money


French election: Le Pen and Macron hold rival rallies French election: Le Pen and Macron hold rival rallies
- April 23, 2017

The presence among the top four of two anti-globalisation candidates who have threatened to take France out of the euro - Le Pen and Melenchon - has caused jitters among investors. "With Mr Macron , it would be Islamism on the move", Le Pen, 48, said on Saturday in response to revelations that one of Macron's top campaigners had criticised the Charlie Hebdo satirical weekly for publishing cartoons of the prophet Mohammed. (more...)
British MPs approve PM May's call for snap election
- April 23, 2017

After debating the motion put forward by May in Parliament, 522 of the 650 sitting MPs threw their support behind the early election, well and truly passing the threshold of two-thirds needed to approve the plan. That approach risks satisfying neither its traditional working-class supporters, many of whom backed leaving the European Union , or its urban, pro-European members - leaving many commentators predicting an electoral bloodbath. (more...)
Australia unveils major changes to citizenship process Australia unveils major changes to citizenship process
- April 23, 2017

He said proficiency in the English language is "the single best thing any person coming to this country can do". "Criminal activity, including family violence or involvement in organised crime, is thoroughly inconsistent with Australian values", Turnbull said. (more...)
MPC warns of upside risks to inflation MPC warns of upside risks to inflation
- April 23, 2017

The six-member monetary policy committee (MPC) which had unanimously chose to keep the repo rate unchanged at 6.25 percent in early April, had raised a secondary rate called the reverse repo rate, which is used to drain excess funds from banks. (more...)
AT&T acquires 5G spectrum holdings company, second in 2 months AT&T acquires 5G spectrum holdings company, second in 2 months
- April 23, 2017

Straight Path Communications possesses one of the largest portfolios of millimeter wave (mmWave) spectrum bands. After the settlement, Straight Path will hold an average of 620 MHz in the top 30 U.S. In Q2, Straight Path had revenues of $0.2 million, and posted a net loss of $25.4 million, and ended the period with cash and cash equivalents of $7.8 million. (more...)
Stock Jumping Abnormally High: DR Horton Inc. (DHI) Stock Jumping Abnormally High: DR Horton Inc. (DHI)
- April 23, 2017

Now the P/E of DR Horton Inc. stands at 13.31. (DHI) to Equal-Weight by settling a price target of $28 on 1/06/17. The company is in a good position to benefit from strong demand because it starts building many of its homes on speculation before the spring months, which is generally the most active time for residential real estate sales, according to Jade Rahmani, an analyst with Keefe, Bruyette & Woods. (more...)
Facebook Finally Has A Virtual Reality Product Facebook Finally Has A Virtual Reality Product
- April 23, 2017

Facebook bought Oculus in 2014 for $ 2 billion as a way to get into the VR market. Facebook's annual developers' event, held this year in San Jose, is the social network's chance to bring together all of the people that work with the site to create the apps and other features used by the nearly two billion people. (more...)
China defends N. Korea trade after its trucks haul missiles China defends N. Korea trade after its trucks haul missiles
- April 23, 2017

Security forces in the Indian-controlled part of Kashmir opened fire on crowds of people who attacked polling stations where voting for a by-election was taking place, killing five and injuring at least a dozen. He said the North may have a handful of plutonium-based warheads it can mount on medium-range ballistic missiles capable of reaching South Korea and Japan. (more...)
Trump signs memorandum on Dodd-Frank's orderly liquidation authority Trump signs memorandum on Dodd-Frank's orderly liquidation authority
- April 23, 2017

FINANCIAL REGULATION Trump will order the Treasury Department on Friday to examine two powers given to regulators after the 2008 financial crisis to police large financial firms, Treasury Secretary Steven Mnuchin says. "The president will be instructing me to put a hold on that for designations until we do a thorough review and make sure that it's a fair and transparent process", said Mnuchin. (more...)
Venkaiah Naidu says Telangana's new Muslim reservation Bill is unconstitutional Venkaiah Naidu says Telangana's new Muslim reservation Bill is unconstitutional
- April 23, 2017

Reportedly, BJP has vehemently opposed the bill, however, the entire opposition firmly supported the Backward Class, Scheduled Castes and Scheduled Tribes Reservation Bill, 2017. "Under the constitution the reservation for STs can be increased in accordance with the increase in their population". It shows how desperate Mr. Rao is to push through his "unconstitutional" move to provide reservations to Muslims. (more...)
Netflix to Reach 100 Million Subscribers Netflix to Reach 100 Million Subscribers
- April 23, 2017

Before he signaled the interviewees to end the session, Hastings let us all in on how he sees the future of Netflix , a service that is streaming a little more than one billion hours of content per week. "It's a good start", said Netflix summing up its quarterly letter to shareholders . Sequentially U.S. subscription additions of 1.42 million was far below fourth-quarter additions of 1.93 million and even further below additions of 2.23 million in the first quarter of past year. (more...)
United Airlines' Corporate Clients Are Pushing for Customer Service Fixes United Airlines' Corporate Clients Are Pushing for Customer Service Fixes
- April 23, 2017

The incident shined a new light on the practice of overbooking, which airlines increasingly rely upon to avoid losing money on seats left when some passengers do not show up for scheduled flights. David Dao. The initial response to the incident by United Continental made a bad situation worse. He described the incident as a "system failure across various areas". (more...)
Oil spill reported on North Slope, volume unknown Oil spill reported on North Slope, volume unknown
- April 23, 2017

The BP leak comes as the remote North Slope, once home to the biggest USA oilfields, enjoys a resurgence as companies work to improve production from aging wells and extend their reach to new supplies; North Slope production rose to 565K bbl/day in March, its highest level since December 2013. (more...)
American flight attendant to angry passenger: 'Hit me' American flight attendant to angry passenger: 'Hit me'
- April 23, 2017

Overall, airlines must start to put more of an emphasis on customer service, he said. As the flight attendant warns the enraged passenger that he doesn't understand the full context of the events, the passenger responds, saying, "I don't care what the story is, you nearly hurt a baby!" The flight attendant who allegedly struck the mother with the stroller momentarily returns to the plane, and things get heated quickly. (more...)
Ford Motor Company (NYSE:F) raised price of affordable Escape for 2017 Ford Motor Company (NYSE:F) raised price of affordable Escape for 2017
- April 23, 2017

Barrick Gold Corporation (NYSE:ABX) is investing $8.3 million into a Yukon gold project, Atac Resources announced Monday. It has outperformed by 5.28% the S&P500. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has "Buy" rating given on Wednesday, October 5 by Goldman Sachs. 03/06/2017 - Barrick Gold Corporation had its "equal-weight" rating reiterated by analysts at Barclays. (more...)
BP well in Alaska leaking gas after unknown incident BP well in Alaska leaking gas after unknown incident
- April 23, 2017

On Friday, BP employees discovered an uncontrolled gas release leak at the top of a well house, along with an undetermined amount of crude spray. On Sunday, responders were able to be able to close the valve and stop the spray of oil. The task force comprising BP, officials from the local government of the North Slope, the EPA, and the ADEP has been dealing with the spill since Friday. (more...)
United Airlines to refund all passengers on infamous flight United Airlines to refund all passengers on infamous flight
- April 23, 2017

FILE - United Airlines CEO Oscar Munoz is pictured prior to an interview in New York , June 2, 2016. United Airlines' chief executive has said he will not quit amid an explosive backlash to video of a screaming man being dragged off a plane. (more...)
US Crude Stocks Dip, But Gasoline Inventories Rise US Crude Stocks Dip, But Gasoline Inventories Rise
- April 23, 2017

Oil was down 3.66% to $50.49 a barrel, while Brent Crude was down 3.55% to $52.94 a barrel. Crude stocks declined 1.034 million barrels to 532.343 million barrels in the week ended April 14, EIA data showed Wednesday. "But on the other hand it could indicate some increasing resistance by certain OPEC or non-OPEC countries for an extension to the end of the year as they were planning an increase of production in the fourth quarter", he said. (more...)
Ontario sets tax on foreign buyers to cool housing market Ontario sets tax on foreign buyers to cool housing market
- April 23, 2017

We've made that very clear that we'll be coming out with a suite of options, a number of measures that are meant to stabilize market activity without unintended consequences because we recognize the value of these homes for families". Ontario will introduce a 15% tax on the purchase of any residential home bought by a non-resident or citizen. Heaven forbid they should think of lowering taxes instead. (more...)
Communisis plc (CMS) to Issue Dividend of GBX 1.61 on May 26th Communisis plc (CMS) to Issue Dividend of GBX 1.61 on May 26th
- April 23, 2017

It now has negative earnings. It operates in three segments: Design, Produce and Deploy. Therefore 17% are positive. Hansa Trust PLC has a one year low of GBX 852.00 and a one year high of GBX 916.50. Another trade for 36,682 shares valued at $5.56 million was sold by Kennedy Thomas A. $1.36M worth of stock was sold by RHOADS REBECCA R on Tuesday, February 14. (more...)