Economy / 515

Equity indices close at new highs

January 05, 2018

Power Grid, Tata Steel, L&T, Adani Ports, Axis Bank , SBI, NTPC, Asian Paint, HDFC Ltd, Hero MotoCorp, ITC Ltd, Sun Pharma, Maruti Suzuki, TCS and Reliance Industries were major gainers, which supported the indices. Sentiment got a lift following an improvement in liquidity in the market on sustained inflows by foreign funds amid the government moving forward on its bank recapitalisation programme, brokers said.

Largest Prime Number Discovered With 23 million Digits

January 05, 2018

A 51-year-old FedEx employee and maths fanatic has found the world's largest prime number after a 14-year search. A collaborative computer project called the Great Internet Mersenne Prime Search , which has been going on for years , found the number in late December, on a computer volunteered by Tennessee electrical engineer Jonathan Pace.

United States employers add 148000 jobs in December, unemployment remains 4.1%

January 05, 2018

Average hourly private-sector wages rose by 2.5 percent compared to previous year. As more Baby Boomers reach retirement age, the unemployment rate will continue to fall, according to experts. Alberta's unemployment rate fell from 8.5 per cent at the end of 2016 to 6.9 per cent at the end of 2017. As unemployment moves to historic lows, job gains eventually slow down.

Hyundai & Aurora Eye 2021 For Bringing Level 4 Automation To Market

January 05, 2018

Hyundai and Volkswagen each say they're partnering with a USA autonomous vehicle tech firm led by former executives from Google , Tesla and Uber. Aurora, the startup founded by Google self-driving auto program alum Chris Urmson, has signed up two high-profile automaker partners despite its relative youth - both Volkswagen and Hyundai are planning to incorporate Aurora self-driving technology in production cars by 2021.

Singapore Airlines jumbo jet diverts to Stewart

January 05, 2018

The sight of the giant plane, whose 262-foot wingspan is more than double that of a Boeing 737, was unusual for the airport, which is dwarfed by JFK in terms of passenger traffic. The plane is expected to then fly back to Frankfurt. An engine malfunctioned as an American Airlines flight to Dallas was on the taxiway at Mineta San Jose International Airport early Friday, forcing the 737 to return to the gate, officials said.

Dominion to Buy Struggling Utility for $14.6B

January 05, 2018

The deal is contingent on the usual regulatory approvals, but they are more highly charged in the wake of the abandoned nuclear project, and it would require SC lawmakers to step back from efforts to limit how much the utility can charge customers for the failed project.

Spotify makes confidential filing for US IPO

January 05, 2018

Spotify , the world's largest paid music-streaming service led by Swedish-born entrepreneur Daniel Ek, will go the direct listing route, which is considered an unconventional initial stock offering by analysts. Spotify has hired Morgan Stanley, Goldman Sachs and Allen & Co to provide advice on the listing. On the other hand, in direct listing, companies do not have to pay hefty fees to underwriters as what usually happens in an IPO.

RBI Introduces new Rs. 10 banknote

January 05, 2018

The currency notes have a brand new feel to them and we mean not only literally but also figuratively. The announcement of the issue of the new Rs. 10 notes comes five months after the bank issued new Rs. The present design of Rs 10 note has a picture of Mahatma Gandhi on the front side while a combo picture of an elephant, a tiger and a rhinoceros on the backside.

Paul Sorvino threatens to kill Harvey Weinstein

January 05, 2018

Sorvino added that he never knew the extent of the allegations against Weinstein, as others - including the producer's former frequent collaborator Quentin Tarantino - have admitted . "But if he doesn't, Harvey, come here, I've got some news for you!" "I'll just slap him around a little, I won't do anything awful", he said. Mira Sorvino is proud of her dad for speaking out against Harvey Weinstein , to say the least.

Gender wage gaps are now officially illegal in Iceland

January 05, 2018

A law which was passed in June a year ago and came into effect on 1 January makes it mandatory for companies to demonstrate that they pay their female and male employees equally. Iceland has always been the darling of the World Economic Forum's Global Gender Gap report , having been ranked the most gender-equal country in the world for the past nine years.

Altice CEO Combes Headed to Sprint as CFO

January 05, 2018

Robbiati's forthcoming departure is the latest in a series of executive realignments that came following a breakdown of merger talks between Sprint's parent company SoftBank and T-Mobile US' parent Deutsche Telekom. Sprint Corp notes that Michael Combes will be directly supporting CEO Marcelo Claure as the company moves forward with its transformation plans. "Robbiati has stated that he expects Sprint to return to revenue growth in 2018, but we think that milestone may be out of the ...

LG Electronics to Sell Robots to Replace Hotel, Airport, Supermarket Employees

January 05, 2018

The new robots are an extensive part of the company's one-year-old robot lineup and freshest highlights of its leading robotics technology. Starting with the Serving Robot , we should expect to see LG's first robot creation at hotels, airport lounges, and even restaurants.

Roku To Launch Own Voice Assistant & Expand Product Suite

January 05, 2018

Roku is merely making announcements right now, though it plans to release reference designs for soundbars and Wi-Fi connected speakers, with the objective of making it easier for speaker manufacturers to start making Roku wares. ROKU Connect will allow speaker manufacturers to build products that will integrate into the ROKU ecosystem without any royalty fees. Consequently, in the first three quarters of 2017, 20% of all smart TVs sold in the United States were Roku TV models.

Pakistan, US at crossroad following Trump's fresh accusations

January 05, 2018

Apparently frustrated over Pakistan's firm stance that it has done enough and would not do more for the sake of others, the United States leader has once again accused Pakistan of providing safe havens to terrorists and that his country foolishly gave more than $33 billion to Pakistan in 15 years.

Colman's jobs to move to Burton

January 05, 2018

Colman's Mustard was started near Norwich in 1814 and moved production to its current site in the city in 1858. This would be "created through a new long-term partnership with a consortium of local farmers" and backed by "significant investment" from Unilever.

Brookfield Asset Management to acquire Toshiba's Westinghouse for $4.6bn

January 05, 2018

Parent company Brookfield Asset Management , which was up a more subdued 0.7 per cent, operates the industrial division of its private equity group via BBP. Those two business lines generated combined cash flow of $403 million on revenue of about $3.1 billion in Westinghouse's 2015 financial year, according to court records.

The Hydroponics Company gets a lift following medicinal cannabis export approval

January 05, 2018

Australia's chief commodity forecaster does not publish data on cannabis production, but rough estimates by the University of Sydney estimated the legal industry at A$100 million ($78 million), well below the C$4 billion ($3.19 billion) that Canada estimates its market to be worth.

Uber ex-CEO Kalanick plans to sell 29 pct of stake

January 05, 2018

According to Bloomberg , Kalanick initially wanted to sell up to half of his shares but was unable to do so under the terms of the deal with Uber's new investors. Softbank and the investor consortium are attempting to gather roughly 17.5 percent equity in Uber, mainly through purchasing shares from early investors.

United Kingdom auto industry records biggest sales dip since 2009

January 05, 2018

New vehicle registrations fell 5.7% in 2017, SMMT has claimed, with diesel auto demand dropping 17%. Private, fleet and business registrations were all down in 2017, with demand from private motorists declining 6.8%, while fleets saw a fall of 4.5%, SMMT has claimed.

Irn-Bru recipe petition hits more than 21000 signatures

January 05, 2018

Some 8,685 fans have signed a petition entitled " Hands off our IRN BRU ". Fans have just one week to stockpile the sweet stuff before the original recipe vanishes from shelves and is replaced with a sweetener-laced version this month. Speaking to LADbible, a spokesperson from A.G. Barr said: "From January 2018 IRN-BRU will continue to be made using the same secret IRN-BRU flavour essence, but with less sugar".

Apple says Meltdown and Spectre flaws affect all Mac and iOS devices

January 05, 2018

Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from almost every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings.

N-Out brings back hot cocoa to its menu

January 05, 2018

Then In-N-Out Burger's freshest menu item is sure to please. It is now being sold at select locations at $1.60 for 8 ounces. But for those of you who enjoy thick and creamy hot chocolate, take note: it's made with water, not milk. "For a certain generation, hot cocoa is an In-N-Out classic, and we hope it will be a favorite of a new generation", Snyder wrote. The cocoa comes with miniature marshmallow packets as well.

Lawmakers propose 'latte levy' to cut coffee cup waste

January 05, 2018

In the United Kingdom 2.5bn takeaway coffee cups are used and thrown away each year - enough to stretch around the world five-and-a-half-times. The committee pointed to the 5p carrier bag charge which was introduced in 2015 and subsequently reduced plastic bag usage by 83% in its first year.

Gander Outdoors to reopen four more stores in Minnesota, including Forest Lake

January 05, 2018

In a web video posted Wednesday, Lemonis confirmed that Janesville's former Gander Mountain location at 2900 Deerfield Drive will reopen as a Gander Outdoors , according to a list of stores he displayed in front of a camera. "This is a list that we feel is very solid, ready to go", he said in the video. Lemonis said the new stores will feature three distinct departments - focused on hunting and shooting, boating, and camping and active sports - run by separate businesses owned by Camping ...

AT&T plans to launch true 5G later this year

January 05, 2018

Although the company is looking to focus on 5G over the next few years, 4G/LTE will continue to predominate for the foreseeable future, with LTE-LAA network being implemented in 24 U.S. "5G will change the way we live, work and enjoy entertainment", said AT&T technology and operations president Melissa Arnoldi. AT&T on Thursday morning announced its intention to be the first wireless carrier in the United States to deploy a 5G network in a dozen markets.

Blackberry shares rise on Baidu agreement

January 05, 2018

Li Zhenyu, General Manager of Intelligent Driving Group, Baidu said his company aims to accelerate the development of fully autonomous vehicle production, with a focus on safety and security. BlackBerry's Toronto-listed shares have risen almost eight per cent since the announcement. Baidu says it has more than 70 partners in its Apollo program, including vehicle assembly companies, Tier 1 parts suppliers and technology startups.

Ripple Crowning its Co-Founder as one of the Richest people

January 05, 2018

Update: the surge continues and the coin reached 2.79. It's certainly not far off. Ripple's market cap is now sitting at $132.8 billion, putting Ethereum far closer to overtaking Ripple than Ripple is to Bitcoin ( Bitcoin's market cap, although maintaining the lowest market dominance it's ever had at 33%, is still a whopping $258.2 billion).

FCC chairman Ajit Pai bails on CES appearance rather than face constituents

January 05, 2018

In an interview with Digital Trends , Shapiro did not expressly say why Pai had canceled but he did say that Pai and his family "have been subject to vicious and direct attacks and threats" in the past. Under the new directives, the FTC will be in charge of overseeing ISPs, as they were before net neutrality was established. Feel free to vent and complain all you want about Pai's net neutrality stance, but make sure you think twice before threatening the man's life.

Tesla Misses By a Mile its Model 3 Target

January 05, 2018

Tesla shares fell as much as 2.7% after the close of regular trading to $308.80. That compares to a total of 260 Model 3s delivered in the third quarter , after a splashy "handover event" in which the first 30 cars were delivered to buyers.

Trump takes credit for zero deaths in commercial aviation

January 05, 2018

In the newest edition of Airlineratings.com's annual safest airlines list , analysts identified the top 20 airlines with the best safety records, taking into consideration audits from governing aviation bodies and governments; airline crash and serious incident records; and fleet age.

Sears in Bangor slated for closure

January 05, 2018

A Sears spokesman said Thursday the number of workers affected was not available. Kmart stores in Greeneville and Crossville are among the latest round of closures announced by the chain's parent company Sears Holdings . The release says it will continue to close some unprofitable stores as they transform it's business model. Kmart on Lone Oak in Paducah is listed to close in Early April.

Macy's closing 11 stores

January 05, 2018

A woman shops at the Macy's store at a mall in a Denver suburb May 16, 2008. As a result, Macy's raised its fiscal 2017 earnings outlook to a range of $3.59 and $3.69 per share , excluding the impact of various store closings and other costs associated with debt repurchases.

Rat Grounds Alaska Airlines Flight At Oakland International

January 03, 2018

The flight - Alaska 915 - was at Gate 10 at 8:30 a.m. for a flight to Portland, Ore., when the rat was spotted entering the plane. "That's when a rat was spotted jumping from the jet way to inside the aircraft", the airline said in an email.

Applied Materials, Inc. (AMAT) loses confidence of 45 hedge fund managers

January 03, 2018

Mark Sheptoff Planning Ltd Liability Company reported 36,633 shares or 1.28% of all its holdings. Applied Materials, Inc. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43. The total value of these holdings, in millions, is $44,185. It is down 17.00% since January 2, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Local app company bought by Apple, plans to stay put

January 03, 2018

That aspect of the service will be sunset in March. The system should fit nicely into Apple's existing set of tools, bringing additional methods for testing, debugging and deploying mobile apps through a proprietary channel. The Vancouver-based startup raised almost $7.6 million, and its advisors include fellow Canadian Stewart Butterfield , the founder and CEO of the popular workplace chat service Slack, according to financial tracking service PitchBook.

Stocks to Watch For: Mondelez International, Inc. (MDLZ), Microsoft Corporation (MSFT)

January 03, 2018

Rockefeller Financial Services Inc. grew its stake in shares of Mondelez International by 300.0% during the third quarter. (NYSE:CHGG) has "Buy" rating given on Monday, October 16 by BMO Capital Markets. Therefore 63% are positive. Lululemon Athletica Inc. had 162 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was initiated by Berenberg with "Buy" on Thursday, January 5.

S&P 500 Utilities Sector SPDR (XLU) Seeing Increased Action in Session (-0.70%)

January 03, 2018

A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The RSI was originally created by J. Developed by Larry Williams, this indicator helps spot overbought and oversold market conditions. The fair discount to both these key moving average levels highlights the weakness in XLU.

Frozen biscuits sold at Food Lion recalled due to possible Listeria contamination

January 03, 2018

Food Lion has removed all of its homestyle biscuits from its shelves and says customers should return the biscuits for a full refund. All "Best By" dates of the following products are included in this recall . T. Marzetti stated that all distributors and retail customers are being notified for removal of the products from shelves. "We are working in coordination with the Food and Drug Administration ( FDA ) and our supplier on this recall".

Ltd. Acquires 3151 Shares of Textron Inc. (TXT)

January 03, 2018

Bank Amer Corp now has $309.79 billion valuation. The stock decreased 0.94% or $0.39 during the last trading session, reaching $40.99. (NYSE:TXT) for 72,026 shares. The company was maintained on Thursday, April 28 by Argus Research. BMO Capital Markets maintained the shares of BAC in report on Monday, October 16 with "Market Perform" rating.

FIL Ltd Boosts Position in Twenty-First Century Fox, Inc. (FOXA)

January 03, 2018

It has outperformed by 16.39% the S&P500. Glg Llc increased its stake in Applied Matls Inc (AMAT) by 985.14% based on its latest 2017Q3 regulatory filing with the SEC. 457,830 are held by Hm Payson And. Twenty-First Century Fox, Inc . (NASDAQ:FOX). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp owns 1.02 million shares for 0.25% of their portfolio.

DR Horton, Inc. (DHI) Analysts See $0.61 EPS

January 03, 2018

The stock increased 0.12% or $0.01 during the last trading session, reaching $8.69. About 736,245 shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since January 1, 2017 and is uptrending. Therefore 54% are positive. PepsiCo had 59 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Raymond James given on Friday, June 30.

Eli Lilly and Company (LLY) Analysts See $1.08 EPS

January 03, 2018

Teton Advisors Inc who had been investing in Bioscrip Inc for a number of months, seems to be less bullish one the $378.72M market cap company. The Price to Sales (P/S) of the stock is 0.74, while P/B (Price to Book) stands at 2.22. Jefferies maintained it with "Buy" rating and $89.0 target in Thursday, August 24 report. The stock has "Overweight" rating by Atlantic Securities on Friday, December 18.

Abbott Laboratories (ABT) Analysts See $0.73 EPS

January 03, 2018

About 4.00M shares traded. Abbott Laboratories ( ABT ) shares dropped -0.68 percent and closed the day at $57.07. It has underperformed by 0.80% the S&P500. Therefore 54% are positive. Abbott Laboratories had 88 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, July 20 by Stifel Nicolaus.

Phillips 66 (NYSE:PSX) Rating Increased to Buy at Goldman Sachs Group

January 02, 2018

Petroleum & Resources Corp who had been investing in Phillips 66 for a number of months, seems to be bullish on the $51.97B market cap company. The stock increased 0.41% or $0.41 during the last trading session, reaching $101.56. More notable recent Phillips 66 (NYSE:PSX) news were published by: Chron.com which released: "Phillips 66, Enbridge team up on massive Permian pipeline" on December 11, 2017, also Streetinsider.com with their article: "Phillips 66 (PSX) Announces 2018 Capital Budget ...

MACOM Technology Solutions (NASDAQ:MTSI) Upgraded at ValuEngine

January 03, 2018

National Bank Of Ny Mellon Corp invested 0% in MACOM Technology Solutions Holdings, Inc. It has ranged in price between $32.45-$32.96 after having started the session at $32.96 as compared to the previous trading day's close of $32.76. The stock presently has a consensus rating of "Hold" and a consensus target price of $42.10. The stock of ConocoPhillips (NYSE:COP) has "Buy" rating given on Tuesday, June 13 by RBC Capital Markets.

What's Propelling Vail Resorts Incorporated (NYSE:MTN) After Lower Shorts Reported?

January 03, 2018

Vail Resorts, Inc. has a 52-week low of $159.84 and a 52-week high of $237.77. Eulav Asset Management sold 2,000 shares as the company's stock rose 12.22% with the market. The rating was initiated by Williams Capital Group with "Hold" on Monday, August 29. Finally, Barclays boosted their price target on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an "overweight" rating in a research report on Friday, September 29th.

BidaskClub Downgrades Tesla (TSLA) to Strong Sell

January 03, 2018

It has outperformed by 27.73% the S&P500. Utah Retirement owns 23,805 shares or 0.18% of their U.S. portfolio. The institutional investor held 251,995 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $19.60M, up from 247,720 at the end of the previous reported quarter.

Archer Daniels Midland Company (NYSE:ADM) Stake Increased by Axa

January 03, 2018

Markston International Llc who had been investing in Texas Instruments Inc. for a number of months, seems to be less bullish one the $102.93B market cap company. Archer Daniels Midland Company has a fifty-two week low of $38.59 and a fifty-two week high of $47.44. BMO Capital Markets maintained the shares of ADM in report on Wednesday, August 2 with "Hold" rating.

The Analog Devices, Inc. (ADI) Position Raised by Comerica Bank

January 03, 2018

It has outperformed by 29.15% the S&P500. ( ADI ) by 11.45% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 31,609 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $2.88M, up from 17,940 at the end of the previous reported quarter.

LeEco Founder Ignores Return Order by China, Stays in US

January 03, 2018

A Chinese court seized nearly $200,000 worth of his assets in the same week in response to a company that says Jia owes it over 200 million yuan. In an official response to the order via his Weibo account, Jia Yueting said he needs to remain in the USA to oversee his electric auto startup, the Faraday Future.

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