Finance

Finance US Regulatory Review Puts Qualcomm Shareholder Vote on Hold
Author: 0 US Regulatory Review Puts Qualcomm Shareholder Vote on Hold

According to Broadcom , Qualcomm asked the Committee on Foreign Investment in the US (CFIUS), part of the treasury, to investigate the bid by the Singapore-based company. An increasing number of devices rely on the semiconductors developed by companies like Qualcomm and Broadcom , with chip sales totaling more than $410 billion previous year alone.

Finance Donald Trump's Tariffs Plan 'Absolutely Unacceptable': Justin Trudeau
Author: 0 Donald Trump's Tariffs Plan 'Absolutely Unacceptable': Justin Trudeau

However, they would have to apply to selected steel grades from all countries and so would hit producers from China , India, Russia , South Korea or Turkey. A formal announcement is expected this week or next. Supporting Trump's move, however, was his commerce secretary, Wilbur Ross . Navarro suggested there could be carve outs for specific steel products that aren't made in the United States.

Finance Global stocks keep dropping as Trump talks up 'trade war'
Author: 0 Global stocks keep dropping as Trump talks up 'trade war'

J.C. Penney Co Inc ( JCP.N ) shares fell 5.4 percent after the department store chain missed same-store sales estimates. USA investors have been on edge over the prospect of higher interest rates. Powell told the Senate Finance Committee that he does not see inflation in workers' wages "at a point of acceleration". The two-year yield, which moves more on expectations of Fed movements, held steady at 2.22 per cent.

Finance Are You Ready for an Amazon-Branded Checking Account?
Author: 0 Are You Ready for an Amazon-Branded Checking Account?

By controlling how Prime customers pay, Amazon can incentivize their loyalty and closely track their purchases. Offering checking accounts to customers could lower payment processing fees for Amazon, as well as give the company granular insight into customer's spending habits, in addition to making it even harder for customers to even contemplate switching away from Amazon.

Finance Tiger Brands shares tumbles as deadly listeria prompts meat recall
Author: 0 Tiger Brands shares tumbles as deadly listeria prompts meat recall

This particular strain of listeria monocytogenes that infected so many people is sequence-type 6 and was particularly "virulent". The company said it had, since the confirmed outbreak of listeriosis by the Department of Health in December 2017, proactively amplified its testing of raw materials and finished goods and introduced additional hygiene monitoring of processes, equipment, storage and waste areas at its facilities.

Finance Allies won't be exempted from planned United States tariffs
Author: 0 Allies won't be exempted from planned United States tariffs

Mr Ross said there was no indication yet that Mr Trump would consider exemptions for countries, but he did not rule it out. "This will cause huge damage across broad sectors of the economy ", he said . Sweden's largest home appliance maker, Electrolux, said it would postpone its planned $250 million investment in Tennessee following Trump's tariff announcement.

Finance Toys R Us and Maplin both go into administration
Author: 0 Toys R Us and Maplin both go into administration

The tally of job losses may worsen if Maplin , the electronics retailer, also files for administration. All 105 Toys R Us stores will remain open while administrators seek to wind-down the country's biggest toy retailer after it failed to find a buyer.

Finance Median Hourly Profit for Uber, Lyft Drivers Is Just $3.37
Author: 0 Median Hourly Profit for Uber, Lyft Drivers Is Just $3.37

When accounting for vehicle expenses, the study also found that 30 percent of drivers actually lose money for each mile they drive. Nevertheless, it offers interesting insight into an industry where driver pay has been the subject of much scrutiny.

Finance Samsung Galaxy S9: It's All About The Accessories
Author: 0 Samsung Galaxy S9: It's All About The Accessories

When the Galaxy S9 released last week, invariably again comparisons were made. The total score is the average of the points garnered in the still camera and video performance tests but it is in the still camera aspect where the Samsung flagship excelled.

Finance CLOSING BELL: Markets tumble in wake of new USA tariffs
Author: 0 CLOSING BELL: Markets tumble in wake of new USA tariffs

That means Apple and other big USA companies are dependent on customers not only in Peoria but also Paris and Peru. GM reported weak USA auto sales Thursday, but much of the stock loss followed Trump's tariff move. "When central banks ease, the goal is shock and awe, or to use a football analogy, to throw the deep ball", he said. The stocks was the biggest drag on the S&P and the Dow .

Author: 0 Oil Set for Weekly Drop on Growing Fears Over Shale and Tariffs

The Organization of the Petroleum Exporting Countries and non-OPEC producers led by Russian Federation have agreed to cap output by about 1.8 million bpd in a deal running from January previous year until the end of 2018. Front-month futures traded at a $3.03 premium to May WTI . Trump's plans to impose tariffs of 25% on imported steel and 10% on aluminum for "a long period of time" may be having a two-fold impact on oil.

Finance Markets trying to judge level of Powell's optimism
Author: 0 Markets trying to judge level of Powell's optimism

The Dow fell almost 300 points that afternoon and plunged another 380.83 Wednesday, closing at 25,029.20. And we have seen fiscal policy become more stimulative. During the same testimony, Powell commented on the economy more broadly. Against the yen, the euro hit a five-month low of 130.82 yen and was last down 0.3 percent at 130.96 yen.

Finance Canada's MEC distances itself from U.S. gun and ammunition maker
Author: 0 Canada's MEC distances itself from U.S. gun and ammunition maker

Major U.S retailers like Walmart , Kroger , and Dicks Sporting Goods have raised the minimum age for gun and ammunition purchases to 21. Vancouver-based MEC said that effective immediately, it will suspend further orders with the five brands owned by Vista that it carries, including Bollé, Bushnell, CamelBak, Camp Chef and Jimmy Styks .

Finance Companies Cutting Ties With NRA (LIST)
Author: 0 Companies Cutting Ties With NRA (LIST)

Murphy was one of six Democrats running for Senate in 2016 who was targeted with at least a million dollars in negative ad-buys, according to campaign finance website OpenSecrets . "The loss of a discount will neither scare nor distract one single NRA member from our mission to stand and defend the individual freedoms that have always made America the greatest nation in the world", the group's statement said.

Finance NFL, Papa John's split; another Louisville-based company takes league deal
Author: 0 NFL, Papa John's split; another Louisville-based company takes league deal

Ousted as CEO in January, Schnatter remains on Papa John's board of directors. According to ESPN's Darren Rovell , Papa John's saw a 3.9 percent decline in sales from October through December in 2017 compared to the year prior. Pizza Hut is the new official pizza sponsor of the NFL, months after Papa John's ( PZZA ) blasted the football league's handling of player protests.

Finance Could Northampton's Prezzo be at risk?
Author: 0 Could Northampton's Prezzo be at risk?

Prezzo would become only the latest casual dining chain to use a CVA to secure its future in response to soaring costs and restaurant oversupply, following in the footsteps of Byron, the posh burger chain, and Jamie's Italian . Analysts have said fears over the strength of the United Kingdom economy have meant consumers have cut back on discretionary spending. Prezzo warned in its financial accounts past year that the casual dining market was encountering a "turbulent" time and its worst ...

Finance American men win Olympic curling gold, beat Sweden 10-7
Author: 0 American men win Olympic curling gold, beat Sweden 10-7

Eventually, they win the Olympic gold for the USA, ahead of Sweden and Russian Federation. The Swedes knew they were done, spending the last two ends simply playing for pride and working off their frustration. The team that became a cultural phenomenon back home - hey, even Mr. T is a fan - delivered the ultimate prize on the biggest stage, capturing the gold medal with a riveting upset of Sweden .

Finance Feds may prosecute mayor who warned of ICE raid
Author: 0 Feds may prosecute mayor who warned of ICE raid

In downtown San Francisco, hundreds of protesters gathered Wednesday afternoon outside ICE's Northern California headquarters, chanting slogans and carrying signs that read "ICE out of SF" and "Undocumented and unafraid". "We need to be vigilant and not just turn a blind eye to all the injustices going on right now". California Gov. Jerry Brown, also a Democrat, state lawmakers and local mayors have resisted a Trump administration immigration crackdown that they contend is arbitrarily ...

Finance Angola is second largest oil supplier to China in January
Author: 0 Angola is second largest oil supplier to China in January

U.S. West Texas Intermediate crude dropped 75 cents at $62.26 a barrel, a 1.2 percent decline, as of 10:55 a.m. EST (1555 GMT). Soaring U.S. production, which has risen by a fifth since mid-2016, has kept a lid on oil prices this year, even as OPEC has maintained its supply cuts.

Finance Weather week ahead: Rain gone until the end of the weekend
Author: 0 Weather week ahead: Rain gone until the end of the weekend

By the drive home, temperatures will be tumbling through the 60s on their way to the 40s overnight as showers taper off. As the area of high pressure that will keep us dry Tuesday begins to shift off the East Coast overnight, winds will return out of the south, moisture will increase, and clouds will move in by Wednesday morning.

Finance Comcast's surprise Sky bid opens a possible bidding war
Author: 0 Comcast's surprise Sky bid opens a possible bidding war

Disney had agreed to buy Sky from Fox at a later date along with other assets in a separate deal worth $52 billion. Comcast has challenged 21st Century Fox's bid to purchase Sky , announcing today its offer to purchase the British satellite broadcaster for $31 billion.

Finance A Fresh Look At Anadarko Petroleum Corporation (NYSE:APC)
Author: 0 A Fresh Look At Anadarko Petroleum Corporation (NYSE:APC)

Nisa Investment Advisors LLC boosted its holdings in shares of Anadarko Petroleum by 6.8% in the fourth quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company's stock valued at $796,760,000 after purchasing an additional 1,723,576 shares during the period.

Finance Here are Warren Buffett's 15 biggest stock investments
Author: 0 Here are Warren Buffett's 15 biggest stock investments

Cramer, who said he watched every minute of Buffett's CNBC appearance, described it as "the most important three hours you're going to get about securities analysis". Wells Fargo is the biggest holding worth about $29 billion, but Berkshire's Apple stake isn't far behind at $28 billion. Berkshire slightly reduced its holdings in the bank to about 458 million shares at the end of 2017, according to the latest quarterly government filing out earlier this month.

Finance Wal-Mart Stores (WMT) Lifted to
Author: 0 Wal-Mart Stores (WMT) Lifted to "Buy" at ValuEngine

Wal now has $278.79B valuation. FMR LLC now owns 17,982,372 shares of the retailer's stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Old Mutual Glob Invsts (Uk) Ltd reported 509,947 shares stake. Trust Department Mb National Bank & Trust N A has 1,030 shares for 0.01% of their portfolio.

Finance Vicar of Dibley actress dies at 53
Author: 0 Vicar of Dibley actress dies at 53

Our thoughts are with Emma's family and friends during this hard time. The BBC is planning to air the popular 1998 Vicar of Dibley episode where Alice marries Hugo Horton ( James Fleet ) - complete with Tellytubby bridesmaids - in her honour.

Finance Shooting Survivor Says CNN Gave Him
Author: 0 Shooting Survivor Says CNN Gave Him "Scripted" Question for Town Hall

Survivors of last week's deadly school shooting in Parkland, Florida, performed an emotional song Wednesday night to close a CNN town hall on gun control. "And, she had actually said that over the phone that I needed to stick to the script". He added he believes Stevenson only wanted Colton to "read this one short question" and they are, in turn, "not the right people for your town hall meeting".

Finance 'Nirav Modi could have imported watches for business purpose'
Author: 0 'Nirav Modi could have imported watches for business purpose'

The bank decision to transfer these officials came soon after Rs 11,300 crore fraud was detected in its Brady House branch, in which bank officials were also involved. Soon after this, a case of alleged swindling of Rs 390 crore from Oriental Bank of Commerce (OBC) was registered against a Delhi-based diamond jewellery exporter.

Finance Albertsons to Buy Rite Aid Corporation (NYSE:RAD)
Author: 0 Albertsons to Buy Rite Aid Corporation (NYSE:RAD)

The hedge fund run by Joshua Friedman held 2.00M shares of the medical and nursing services company at the end of 2017Q3, valued at $3.92M, up from 481,175 at the end of the previous reported quarter. The stock has "Neutral" rating by Mizuho on Friday, October 6. The firm has "Neutral" rating by Mizuho given on Friday, October 6. Basically, a price target is an individual analyst's projection on the future price of a stock.

Finance PM Modi launches
Author: 0 PM Modi launches "Amma two-wheeler scheme" in Chennai

Significantly, Modi's visit to the state comes days after Panneerselvam claiming that Prime Minister played a vital role in uniting two factions of the AIADMK after Jayalalithaa's death. The beneficiaries included women who worked in the private sector, an accountant, a salesperson and an assistant in a private store. Modi announced policies for working women which includes an extension of maternity leave from 12 to 26 weeks and registry of the house in woman's name under the PM Awaas ...

Finance Buffett says he needs to make 'huge' deal despite recent drought
Author: 0 Buffett says he needs to make 'huge' deal despite recent drought

The company posted a $29.11 billion gain in the latest-quarter related to changes in USA tax law. Buffett's Berkshire was sitting on more than $109 billion in cash at the end of the third quarter of 2017. Not so for Berkshire, Buffett said. "If Wall Street analysts or board members urge that brand of CEO to consider possible acquisitions, it's a bit like telling your ripening teenager to be sure to have a normal sex life".

Finance Corporations end ties with NRA as gun control debate rages
Author: 0 Corporations end ties with NRA as gun control debate rages

As a result, First National Bank of Omaha will not renew its contract with the National Rifle Association to issue the NRA Visa Card. Car rental companies National Car Rental, Enterprise and Alamo announced this week that they would end their discount programs, and car pricing group TrueCar announced it would end its program that allowed NRA members to save an average of almost $3,400 off the retail price of new and used cars.

Finance BB&T fixes ATMs hit by tech glitch, but online banking still down
Author: 0 BB&T fixes ATMs hit by tech glitch, but online banking still down

ATMs and phone services were brought back online before 11:30 a.m. Friday, the bank said in a statement to WRAL News. It is unclear what the issue is or how long it will take to fix. Bank officials have apologized and said they don't believe the issue is related to a cyberattack. BB&T said its systems would be processing updates throughout Saturday and expected account information to be current as soon as Sunday.

Finance Decline In US Crude Send Oil Prices Up
Author: 0 Decline In US Crude Send Oil Prices Up

U.S. West Texas Intermediate (WTI) crude futures were at $62.73 a barrel at 0449 GMT, down 4 cents from their last settlement. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.7 million barrels, the EIA said. The OPEC Secretary General, Mohammad Barkindo was in Nigeria last week and said he too was encouraged with the compliance of the group. In January 2017, OPEC and allies including Russian Federation began to cut production by about 1.8 million bpd, nearly 2 percent of ...

Finance Royal Bank of Scotland reports first profit in 10 years
Author: 0 Royal Bank of Scotland reports first profit in 10 years

Laith Khalaf, senior analyst at Hargreaves Lansdown , commented: " RBS has broken its ten year duck and managed to squeeze out a profit in 2017, thanks in large part to a big fall in litigation and conduct costs". Consensus for 2017 had expected a GBP592.0 million attributable loss. The RBS hoped she would be able to settle the case in 2017. Although the bank's capital position improved as it continued to take out costs, the net interest margin, a key measure of a bank's profitability, ...

Finance Alberta ends BC wine boycott in Trans Mountain pipeline dispute
Author: 0 Alberta ends BC wine boycott in Trans Mountain pipeline dispute

In the meantime, Horgan says the province will not proceed with proposed regulatory restrictions on the increase of diluted bitumen transportation through the province. The statement said that it would take several weeks before the province brings the case forward in the courts. The B.C. government and pipeline opponents are trying to drag the process out, implementing a strategy of "death through delay", he said.

Finance Chicken shortage causes KFC to close hundreds of United Kingdom stores
Author: 0 Chicken shortage causes KFC to close hundreds of United Kingdom stores

According to its Twitter account, over 90 percent of KFC restaurants in the United Kingdom have now reopened - but the damage has been done to their reputation. Up until February 13, KFC's chicken deliveries were managed by Bidvest, a specialist food distribution group. When the issue first happened, KFC said it was due to "teething" problems since switching to new delivery partners.