Economy

Comcast Beats Earnings Estimates, Makes Formal Bid For Sky

Comcast Beats Earnings Estimates, Makes Formal Bid For Sky Comcast has formalized its bid for European broadcaster Sky, a move that sets up a battle royale with rival USA powerhouse 21st Century Fox . Its takeover play further complicates the Fox/Sky saga, with Walt Disney also recently being told by Britain's Takeover Panel that it must bid for the whole of Sky even if Rupert Murdoch's offer is blocked. [Full Article...]

Facebook Tries to Share Details of What Exactly Advertisers Know About You

Facebook Tries to Share Details of What Exactly Advertisers Know About You Brian Wieser of Pivotal Research Group said in a recent report that he sees "downside from the Cambridge Analytica episode" for Facebook, which relies on advertising for most of its revenues. But Williamson said some of Facebook's momentum was already fading due to other factors such as disinformation, social media fatigue and new platforms attracting young people. [Full Article...]

Profits on the rise at Lloyds Banking Group

Profits on the rise at Lloyds Banking Group JPMorgan Chase restated an "overweight" rating and set a GBX 85 ($1.19) target price on shares of Lloyds Banking Group in a report on Thursday, February 22nd. Spotify Technology S.A. (NYSE: SPOT ) exchanged hands 2,337,903 shares versus average trading capacity of 5.40M shares, while its relative trading volume is 0.43. [Full Article...]

Caterpillar stock jumps more than 4% after earnings beat

Caterpillar stock jumps more than 4% after earnings beat Moody's Corporation (NYSE:MCO) has risen 43.20% since April 24, 2017 and is uptrending. CAT outperformed by 49.08% the S&P 500. Eaton Vance Management now owns 1,857,860 shares of the industrial products company's stock worth $164,922,000 after buying an additional 1,363,002 shares during the last quarter. [Full Article...]

Bucks vexed with non-call on Celtics' shot clock violation

Bucks vexed with non-call on Celtics' shot clock violation Horford had 24 points and 12 rebounds in Boston's 113-107 overtime win in Game 1, and Brown scored 30 in a 120-106 victory in Game 2. numberFire's models project Smart to play 26.6 minutes and score 21.5 FanDuel points at a cost of $5,000 on Tuesday. [Full Article...]

SEC fines Yahoo $35 million over 2014 email breach

SEC fines Yahoo $35 million over 2014 email breach Yahoo's information security team had found that Russian hackers had swiped the company's "crown jewels", including usernames, email addresses, phone numbers, birthdates, encrypted passwords, and security questions and answers. However, Verizon-owned Yahoo could also be facing some liabilities as there are several lawsuits on both the hacks that the company suffered in 2013 and 2014 but failed to ... [Full Article...]

Hawai'i Gas Prices Continue to Increase

Hawai'i Gas Prices Continue to Increase The average cost for a gallon of gas on Monday in the Bradenton-Sarasota area was $2.70, slightly below the statewide average of $2.74. "In addition, government data highlighted a new record for gasoline demand was breached last week, and we're not even into the summer driving season yet", he said. [Full Article...]

Toronto van attack suspect was social awkward student, ex-military recruit

Toronto van attack suspect was social awkward student, ex-military recruit He was charged with 10 counts of murder and 13 charges of attempted murder. Seneca College said another one of the victims was a female student, but didn't offer further details. "There is absolutely no place on our platform for people who commit such horrendous acts". He said he only noticed that other people had been injured while attending to the man hit in front of his home. [Full Article...]

Takeda ups its offer for Shire

Takeda ups its offer for Shire It is understood that the two sides are likely to extend the deadline. " Shire shareholders would also be entitled to any dividends announced, declared, made or paid by Shire in the ordinary course prior to completion of the possible transaction". [Full Article...]

Macaulay Culkin Is Tired Of Yearly "Home Alone" Christmastime Fandom

Macaulay Culkin Is Tired Of Yearly Still, despite being weirded out by Home Alone fans, Culkin spilled some secrets from the most popular scenes of the movie. "They taped the pages closed, sadly", said Culkin. Throughout the interview, the actor opened up about growing up in the spotlight and what it's like to have " Macauley Culkin's " face, even after all these years. [Full Article...]

Concentric Wealth Management LLC Grows Holdings in Verizon Communications (VZ)

Concentric Wealth Management LLC Grows Holdings in Verizon Communications (VZ) The stock underperformed the S&P 500 by 15.27%. The Beacon Financial Group holds 140,975 shares with $7.46 million value, down from 179,902 last quarter. The institutional investor owned 30,753 shares of the cell phone carrier's stock after selling 30,764 shares during the period. Cubist Systematic Strategies Limited Liability Co invested in 0.31% or 110,367 shs. [Full Article...]

Apple Takes a Step on Payment of Back Taxes to Ireland

Apple Takes a Step on Payment of Back Taxes to Ireland Reuters reports that the appeal against the EC's decision is expected to be heard this autumn by the European Court of Justice. The European Commission is now likely to drop legal action against Ireland over how long it was taking to retrieve the money. [Full Article...]

Global shares advance as US bond yields push dollar higher

Global shares advance as US bond yields push dollar higher KEEPING SCORE: The S&P 500 index sank 45 points, or 1.7 percent, to 2,625 as of 3:40 p.m. The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits . [Full Article...]

Differences should not become disputes, Sitharaman tells Chinese Defence Minister

Differences should not become disputes, Sitharaman tells Chinese Defence Minister Whether or not China will be able to win India round to the Belt and Road will likely be a key measure of the success of Prime Minister Narendra Modi's trip to China to meet Xi for an informal meeting on Friday and Saturday. Differences persist over the border issue, China's growing military assertiveness in the Indo-Pacific region, and Beijing's mollycoddling of Islamabad despite Pakistani ... [Full Article...]

The Coca-Cola Company (NYSE:KO): What The Forecasts Are Telling Us

The Coca-Cola Company (NYSE:KO): What The Forecasts Are Telling Us Diet Coke's sales volume in the USA has declined every year since 2006, according to industry-publication Beverage Digest. 1St Source Savings Bank stated it has 23,325 shares. Wolverine Asset Mgmt invested in 47,022 shares or 0.01% of the stock. Amp Capital Investors Limited owns 1.84 million shares or 0.45% of their U.S. portfolio. [Full Article...]

Security Fears as TSB Customers Able to Access Other Accounts

Security Fears as TSB Customers Able to Access Other Accounts The bank said these related to nominee accounts, where certain individuals such as parents or children are able to access another person's account in branch or on the phone. The bank apologised after customers complained of problems with mobile and online accounts several hours after a system upgrade was supposed to have been completed on Sunday. [Full Article...]

Ulster Bank apologises as some transactions 'no longer showing' in customers' accounts

Ulster Bank apologises as some transactions 'no longer showing' in customers' accounts Ulster Bank customers have found money missing from their accounts. "The first some have heard about this is a text message from Ulster Bank telling them they are overdrawn". Customers said when they checked the bank's app its shows that their balances are not as they should be. The bank has said this was as a result of a payment file which did not process last night and has assured custome... [Full Article...]

Walmart close to clinching $12-bn deal for Flipkart

Walmart close to clinching $12-bn deal for Flipkart Mumbai: Walmart is nearing a deal to acquire a majority stake in India's e-commerce major Flipkart for at least $12 billion. A marriage between Walmart and Flipkart will allow the big box United States retailer to finally make serious inroads into India, a market that has long eluded it. [Full Article...]

Dollar Rises as Treasury Yields Climb

Dollar Rises as Treasury Yields Climb Billionaire investor Jeffrey Gundlach told CNBC that closing above 3 percent "would lead to an acceleration to higher yields". Yields have also grown at the short end of the curve. The yen is considered a safe haven that rises during times of economic, political, and geopolitical uncertainties. While rising yields can lead investors away from equities, the robust earnings season gave reason fo... [Full Article...]

Now Amazon Wants to Invade Your Car, Too

Now Amazon Wants to Invade Your Car, Too At the time, Amazon Key focused exclusively on allowing customers to have packages delivered inside the home rather than have those packages left outside on the porch. What happens on delivery day? After shopping on Amazon, customers can select an option for "In-Car delivery" and then have the package delivered to their vehicle within a 4-hour window. [Full Article...]


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