Sunday, 19 November 2017
Latest news
Home » Money

Money

Court orders Intel case review in blow to European Union antitrust regulators

perth_map

Intel appealed to the General Court, which specifically deals with complaints against other European Union institutions, on the basis that the fine was excessive and should be reduced or annulled. Intel was fined in 2009 when the Commission found that between 2002 and 2007, the company had offered incentives to computer makers Dell , Lenovo, HP and NEC if they bought all of their x86 microprocessors from Intel instead of a rival, AMD. Read More »

IDBI approaches SC to seek its intervention in Jaypee Infratech case

perth_map

Senior Supreme Court lawyer, Abhishek Manu Singhvi, counsel for the IDBI, mentioned this before the apex court three-judge bench, headed by Chief Justice of India (CJI) Dipak Misra . Under the Insolvency and Bankruptcy Code of 2016, flat buyers do not fall under the category of secured creditors like banks. The petition alleged that the action of the Ministries of Finance and Corporate Affairs of introducing Section 14 of the Code was "unjust, unfair and unreasonable" and violative of ... Read More »

Stock in Review: Hewlett Packard Enterprise Company (HPE)

perth_map

Palo Alto, California-based Hewlett Packard Enterprise (NYSE: HPE ) is set to report its Q3 earnings after the market close on the 5th of September. The price of the CTP acquisition was not disclosed, but the company had previously raised $34 million in funding. Additionally the company recently announced a dividend for shareholders to be paid on Wednesday the 4th of October 2017. Read More »

Scandal-hit Bell Pottinger hires BDO to advise on sale

perth_map

In addition to HSBC, Clydesdale Bank, the construction company Carillion, and United Kingdom broadband operator TalkTalk all revealed on Tuesday that they had stopped working with Bell Pottinger. That followed the resignation of chief executive James Henderson on Sunday in the wake of the company's own internal investigation into its PR campaign, which has been criticised for being racist and anti-white. Read More »

What to Expect From Oil & Gas After Hurricane Harvey

perth_map

Meanwhile, gasoline for October RBV7, -3 .53% slid 7 cents, or 4%, to $1.68 a gallon, after rallying last week when Hurricane Harvey hit the Texas and Louisiana coast and shut down around 25% of USA refining capacity due to severe flooding. Read More »

Scientists just invented a new form of chocolate

perth_map

It's time for dark , milk and white chocolate to step aside, scientists have invented a new chocolate. Global chocolate market volumes declined 1.5 percent in 2015 and 0.4 percent past year, according to Euromonitor. Consumers would also be able to buy the Ruby chocolate with different levels of fruitiness, according to the company's plan. Speaking to The Sun , chocolate expert and editor of industry bible Kennedy's Confection Angus Kennedy said, "Ruby chocolate is very different and ... Read More »

Ryanair make changes to cabin bag allowance to 'eliminate delays'

perth_map

Ryanair is ending its policy of allowing non-priority passengers to have two items of hand luggage. Budget airline Ryanair has announced that only priority boarding customers will be able to take two bags into the cabin from November - as part of a range of changes it hopes will "ease delays". Read More »

Forex - Dollar hit by concerns over North Korea, rates outlook

The dollar fell as much as 0.4 percent against the Swiss franc, another safe-haven currency, on the risks surrounding North Korea to a session low of 0.9545 franc. As a result, the yen has continued to behave as a safe-haven currency despite Japan's proximity to North Korea. Still, six forecast that rates would rise on Wednesday to 1.0 percent, with several changing their view after the strong second-quarter GDP data. Read More »

Banks, technology companies lead United States stocks lower

perth_map

Energy companies led the gainers as the price of crude oil headed higher. The blue-chip Dow Industrial Average closed down 1.1 percent at 21,753.31. Banks and technology companies fell more than the rest of the market Tuesday. The index on Tuesday fell 0.5%, hurt by geopolitical worries and a jump in the pound to a three-week high above $1.30. Read More »

Tronc to Buy New York Daily News

perth_map

Chicago-based Tronc, the newspaper chain that owns The Chicago Tribune , has struck a deal to buy The New York Daily News . The paper a year ago shared the Pulitzer Prize with ProPublica for public service after an investigation revealed a systemic abuse of an obscure civil enforcement law that ousted shop owners from their business and residents from their homes. Read More »

Charter Customer Data Left Sitting on an Open Server

perth_map

The files, more than 600 gigabytes in size, were discovered on August 24 without a password by researchers of Kromtech Security Center, the technology news website reported. To be on the safe side, though, Charter is recommending that MyTWC owners change their user names and passwords. Improperly securing data is just as bad if not worse because it was preventable. Read More »

Stevens Capital Management LP Has $10.19 Million Holdings in Schlumberger NV (SLB)

perth_map

Carnegie Capital Asset Management Llc increased Schlumberger Ltd ( SLB ) stake by 6.77% reported in 2016Q4 SEC filing. Rathbone Brothers Plc acquired 17,437 shares as Schlumberger Ltd Usd0.01 Common Stock (SLB)'s stock declined 11.04%. (NYSE:SLB) on Monday, April 25 with "Outperform" rating. The company was maintained on Thursday, January 12 by Imperial Capital. The ex-dividend date is Friday, September 1st. Read More »

Defense secretary quickly contradicts Trump over North Korea diplomacy

perth_map

Kim, however, made it clear earlier on Wednesday that there would be more ballistic tests in the wake of Tuesday's launch of an intermediate range missile, the first ballistic missile North Korea has fired over Japan. South Korea has said it wants to revise the agreement to increase the cap on the payload. Pyongyang has warned of more similar tests to come. "It sounds like Moon is saying , "We're going to have to talk to these guys" - which is true - and Trump is frustrated", Delury ... Read More »

Trump, Abe agree to strengthen pressure on North Korea

perth_map

With tensions surging, Moscow urged Washington not to use force against North Korea and also said attempts to toughen sanctions would be counterproductive. Park Su-hyun, spokesman of South Korean President Moon Jae-in, said the exercise was conducted after Moon directed the military to "display a strong capability to punish" the North, according to the AP. Read More »

Higher gas prices, rain will greet holiday travelers

perth_map

The Valero was selling regular gas at $2.59 a gallon Friday. According to AAA East Central, this week's national average price is the highest this year. "It will probably increase another ten, maybe even twenty cents here within the next week", Josh Carrasco, a spokesman for AAA said. "At the gas price level, we're seeing prices go up, because the supply is being shipped down". Read More »

Jewish Billionaire Donates 'Twice Chai' Millions to Help Houston

perth_map

From ordinary citizens grabbing their boats to aid rescue efforts to Hollywood celebrities and sports stars leading the donation effort , nationwide help has been sent to Texas. Michael Dell was born in 1965 in Houston, to a Jewish family that Anglicized its original Yiddish name, Thal, when it immigrated to the US. Department store chain Walmart pledged up to $20 million in cash, products and matching donations. Read More »

Rudy Resigns, Cabinet Reshuffle Expected

perth_map

After resigning from the post of Union Minister of State Skill Development and Entrepreneurship yesterday, Rajiv Pratap Rudy on Friday said that his resignation from the post was the party's decision and further refuted any strategy behind it. Read More »

Gas prices spike again, now up 17 cents since Harvey

perth_map

Over 2 million barrels per day (bpd) of refining capacity were estimated to be offline as a result of the storm. Many stations in the Dallas area were out of gas Friday, and those that had it were often charging more than $3 a gallon - and drawing long lines of desperate drivers. Read More »

Roku seeks to raise $100M in IPO

perth_map

Renaissance Capital, the Renaissance IPO ETF (symbol: IPO ) or the Global IPO Fund (symbol: IPOSX ), may have investments in securities of companies mentioned. The good news is that it's services businesses is growing rapidly, but neither Netflix nor Alphabet's YouTube, the two most popular services on its devices, contributes any significant revenues to Roku's business. Read More »

Green Bay Packers cut Winnipeg's Geoff Gray

perth_map

Unless the Packers can augment their line by adding a veteran on the interior in the next day or two, disaster could be an injury or two away. After a strong performance in the Packers' preseason finale against the Los Angeles Rams on Thursday, Hill was asked by Packers.com reporter Larry McCarren about how the next few days would go leading up to cutdown day. Read More »

Morgan Stanley Upgrades Hess Midstream Partners LP (HESM) to Overweight

perth_map

About shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since September 3, 2016 and is uptrending. It has outperformed by 37.92% the S&P500. Thomaspartners Inc sold 5,123 shares as Magellan Midstream Prtnrs Lp (MMP)'s stock declined 7.68%. Finally, Zacks Investment Research cut Noble Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, July 19th. Read More »

'S. Korea, US Discuss Rotational Deployment of US Stealth Jets to Korea'

perth_map

South Korea is now allowed to possess ballistic missiles with a range of 800 kilometers and payload of 500 kilograms, but it wants to raise the weight limit to 1,000 kilograms. The Pentagon had said it was "actively" considering the revision. In turn, South Korea would be free to increase its own tariffs on USA goods. Trump, who has warned that the US military is "locked and loaded" in case of further North Korean provocation, reacted angrily to the latest missile test, declaring on ... Read More »