Economy

Hellawell backed by Sports Direct shareholders

Hellawell backed by Sports Direct shareholders There is also some shareholder anger over Mr Ashley's decision not to attend. The firm said it remained "optimistic" about profits this year and confirmed it now owns 100% of designer clothes retailer Flannels. Mr Hellawell defended the use of the contracts at the AGM and said staff would not want to join the company if they were unhappy with the working conditions - rejecting calls for an indep... [Full Article...]

Intel Scores Victory (For Now) In Fight Against $1.3 Billion Fine

Intel Scores Victory (For Now) In Fight Against $1.3 Billion Fine According to court documents, the European Court of Justice today referred Intel's case back to the lower General Court, which had denied the appeal in 2014 . The Advocate General released a non-binding opinion (PDF ) that the General Court should get a fresh review in 2016. Intel said it was reviewing the court ruling. [Full Article...]

Pink 'Ruby Chocolate' Is a Colorful Alternative to Milk, Dark, and White

Pink 'Ruby Chocolate' Is a Colorful Alternative to Milk, Dark, and White The new choccy - named after its red hue - contains a special Ruby Cocoa bean and tastes like berries, though no colour or extra berry extracts are added. Ruby chocolate has been tested and validated through extensive consumer research run by independent global research agencies Haystack and Ipsos in the UK, US, China and Japan. [Full Article...]

Bell Pottinger 'faces collapse' as investors rush for exit

Bell Pottinger 'faces collapse' as investors rush for exit Another shareholder - Mark Smith - remains in place as chairman, but a number of senior figures have departed the agency in recent days, including corporate and financial head John Sunnucks - one of Bell Pottinger's key rainmakers. Richard Edelman yesterday described Bell Pottinger's expulsion from the PRCA as a "proud moment for the industry", while many senior PR figures have publicly appla... [Full Article...]

IDBI Bank moves Supreme Court to restore insolvency case against Jaypee Infratech

IDBI Bank moves Supreme Court to restore insolvency case against Jaypee Infratech A bench comprising Chief Justice of India Dipak Misra , and Justices A M Khanwilkar and D Y Chandrachud also issued notices to Jaypee Infratech on the plea moved by homebuyers who had not received possession of their flats despite having paid heavy amounts against it. [Full Article...]

HPE is buying Cloud Technology Partners for cloud skills

HPE is buying Cloud Technology Partners for cloud skills The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. Brokerage firms predict that Hewlett Packard Enterprise business will report $1.44 earnings per share for the full year . The company said that the Micro Focus transacti... [Full Article...]

Ryanair to cut hand luggage allowance

Ryanair to cut hand luggage allowance Millions of Ryanair passengers will soon be told that their weekend bags and small suitcases are too big to carry as hand luggage. According to Ryanair "too many customers are availing of the improved two free carry-on bags service". The Sun Online previously reported that the airline is urging airports to ban the sale of alcohol before 10am and to limit the number of drinks per boarding p... [Full Article...]

Futures lower as North Korea tensions rise (UTX, COL)

Separately, a top North Korean diplomat warned on Tuesday his country is ready to send "more gift packages" to the United States. The dollar fell 0.1 percent to 108.72 yen and touched a low near 108.50 yen in Asian trading. "The market still wants to buy yen every time there's a North Korea story, so we're stuck in this pattern", said Bart Wakabayashi, Tokyo Branch Manager of State Street. [Full Article...]

USA stocks tumble amid tensions with North Korea

USA stocks tumble amid tensions with North Korea US stock index futures pointed to a flat to cautiously higher open on Wednesday, as investors tried to brush off any concerns surrounding amplified tensions between the West and North Korea , and look to upcoming key data. The test, which North Korea says was of a hydrogen bomb, came less than a week after it fired a rocket over Japan, while Seoul said there were signs the reclusive state was pre... [Full Article...]

Former RBI chief Rajan says had cautioned government on demonetization

Former RBI chief Rajan says had cautioned government on demonetization Talking about demonetisation , Rajan said though the intent behind the move was good, it had come at substantial costs. "Although there might be long-term benefits, I felt the likely short-term economic costs would outweigh them", Rajan wrote in his book. [Full Article...]

New York Daily News Sold to Tronc, Publisher of the Chicago Tribune

New York Daily News Sold to Tronc, Publisher of the Chicago Tribune The Daily News has won 11 Pulitzer awards since its founding in 1919, including a prize this year for its reporting on police abuse of eviction rules to oust poor residents from their homes. "Over the past near-century, the New York Daily News has served New York City and its surrounding areas with its award-winning journalism and helped shape the dynamics of the city", said Mort Zucke... [Full Article...]

Data leak exposed millions of Time Warner Cable customers

Data leak exposed millions of Time Warner Cable customers Customer data for units of Charter Communications Inc . and other companies was left unprotected online in data stockpiles that Broadsoft Inc. kept online, security company Kromtech Alliance Corp. A spokesperson for BroadSoft said the company had verified that customer data was exposed to the public internet, but it does not believe the information to be "highly sensitive". [Full Article...]

Michael Dell pledges $36M for Harvey relief in Houston

Michael Dell pledges $36M for Harvey relief in Houston ABC News 15 reported that the couple will continue to match one dollar for every two dollars that are donated until the first $36 million is raised or Monday at midnight, whichever comes first. In that vein, the fund will focus on marshaling resources and partners for longer-term restoration and rebuilding, in addition to supporting ongoing relief efforts. [Full Article...]

GM's August Sales Smash Expectations, Ford Drop Narrower Than Expected

GM's August Sales Smash Expectations, Ford Drop Narrower Than Expected Shares of Ford Motor Company ( NYSE F ) opened at 11.35 on Friday. It has underperformed by 33.33% the S&P500. Perkins Investment Management Llc decreased Synopsys Inc (SNPS) stake by 0.73% reported in 2016Q4 SEC filing. General Electric Company has 8.67 billion shares outstanding, and in the last trade has seen ATR around 0.3. They expect $0.29 earnings per share, up 81.25% or $0.13 from last y... [Full Article...]

Kannanthanam in Union Cabinet: Congratulations pour in

Kannanthanam in Union Cabinet: Congratulations pour in Mukhtar Abbas Naqvi, Dharmendra Pradhan, Nirmala Sitharaman and Piyush Goyal, who were all holding independent charge as state ministers, were promoted to the cabinet rank, which is being seen as an acknowledgement of their performance. [Full Article...]

No JD(U), Sena names in list of new ministers

No JD(U), Sena names in list of new ministers Here are the brief profiles of nine new ministers who joined the Modi government in a Cabinet reshuffle on Sunday. The reshuffle planned by PM Modi and BJP president Amit Shah is likely to see many ministers resign in order to make way for new faces. [Full Article...]

Video streaming player Roku to go public; seeks $100 million in IPO

Video streaming player Roku to go public; seeks $100 million in IPO A Roku IPO has been expected for some time and reports surfaced earlier this summer that the company had hired Morgan Stanley, Citigroup and Allen & Co.to underwrite the transaction with plans to go public by the end of the year. The company now has about $70 million in cash. Roku's products, composed of some low-cost streaming sticks that plug into your TV so you can access Netflix and YouTub... [Full Article...]

Gray cut by Packers

Gray cut by Packers Hill, a rookie, signed with the Green Bay Packers as an undrafted free agent but was waived by the team Saturday as National Football League teams were forced to cut their opening-day rosters to 53 active players, resulting in more than 1,100 players being cut this past week, most on Friday and Saturday. [Full Article...]

Sitharaman new Defence Minister, Goyal gets Railways as Modi shuffles cabinet

Sitharaman new Defence Minister, Goyal gets Railways as Modi shuffles cabinet Several senior BJP leaders and top government officials ET spoke to said the prime minister's choice was dictated by four main factors. The BJP veteran Uma Bharati is sulking, since her pet Ganga rejuvenation and water resources is taken away from her. [Full Article...]

United States taps crude from strategic reserves to cope with Hurricane Harvey

United States taps crude from strategic reserves to cope with Hurricane Harvey All told, gasoline futures have surged by 13% since Friday afternoon, before Harvey disrupted a huge chunk of the nation's ability to turn oil into gasoline and other products like jet fuel. That plant has not been hit by Harvey, which hammered Houston and the Gulf Coast with catastrophic flooding and shut about a quarter of U.S. refinery capacity. [Full Article...]


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