Economy

Seattle passes scaled-back tax on Amazon, big companies

Seattle passes scaled-back tax on Amazon, big companies Proponents on the city council reluctantly agreed to reduce the scope of the bills, which originally called for a tax of 26 cents per employee hour to raise about $75 million annually. "The city does not have a revenue problem - it has a spending efficiency problem". The move by Amazon to create HQ2 - a second headquarters elsewhere - has stoked fears that Seattle's liberal politics will t... [Full Article...]

CBS Sues To Ice Viacom Reunification

CBS Sues To Ice Viacom Reunification At that meeting, CBS is expected to propose a Class A common stock dividend that would dilute National Amusements' voting interest from approximately 79% to 17%. In a terse explanation, CBS said the dividend would not dilute the economic interests of any CBS stockholder. "If consummated, the dividend would enable the Company to operate as an independent, non-controlled company and more ful... [Full Article...]

Summary of NCC Group plc (LON:NCC) Ratings on May 13, 2018

Summary of NCC Group plc (LON:NCC) Ratings on May 13, 2018 The firm has "Overweight" rating by JP Morgan given on Tuesday, April 12. Shore Capital reiterated a "buy" rating on shares of Marston's Brewery in a research note on Tuesday, January 23rd. Shares for $194,600 were sold by HUNT TERRY H on Tuesday, March 13. With 2,600 avg volume, 65 days are for GMP CAPITAL INC ORDINARY SHARES CANADA (OTCMKTS:GMPXF)'s short sellers to cover GMPXF's short positio... [Full Article...]

Oil near multi-year highs as Iran sanctions tighten supply outlook

Oil near multi-year highs as Iran sanctions tighten supply outlook Brent crude was down 5 cents at $77.07 a barrel by 0920 GMT. US West Texas Intermediate (WTI) crude futures were down 15 US cents, or 0.2%, at US$71.21 a barrel after hitting a November 2014 high of US$71.89 per barrel on Thursday. Finally, the risks to oil markets from Trump's decision are not simply in removing Iranian exports from the market. The Organization of the Petroleum Exporting C... [Full Article...]

Trump right to kill Iran nuclear deal

Trump right to kill Iran nuclear deal On Tuesday, US President Donald Trump dumped the worldwide Iranian nuclear deal, saying that Washington will not extend the waiver for the unilateral sanctions against Tehran. He must craft a treaty with Iran that keeps its nuclear weapons program dormant, clamps down on its support of terrorism, ends its ballistic weapons tests, is verifiable and can get through Congress . [Full Article...]

First Dallas Securities Inc. Trims Holdings in Kinder Morgan (KMI)

First Dallas Securities Inc. Trims Holdings in Kinder Morgan (KMI) Camden Asset Management LP decreased its stake in Kinder Morgan Inc Del ( KMI ) by 35.25% based on its latest 2017Q4 regulatory filing with the SEC. The rating was maintained by RBC Capital Markets with "Hold" on Thursday, January 18. Cannell Peter B & Communications has invested 0.02% in Kinder Morgan, Inc . [Full Article...]

Rise in number of schools asking for mental health support for children

Rise in number of schools asking for mental health support for children By tackling stress, we can go a long way to tackle mental health problems such as anxiety and depression. 'We need a "local offer" laying out pathways and early interventions for children who are starting to run in trouble'. Dr Max Davie, officer for health promotion at th RCPCH said, 'Paediatricians working in the community have also noted a surge in referrals for emotional and behavioural diff... [Full Article...]

Facebook suspends ~200 suspicious apps out of "thousands" reviewed so far

Facebook suspends ~200 suspicious apps out of Zuckerberg had said the social network will investigate all apps that had access to large amounts of information before the company curtailed data access in 2014. The company has also built a website that notifies users if their data has been misused. The suspensions support the defense of Aleksandr Kogan, who provided data from Facebook to Cambridge Analytica, that several apps besides that... [Full Article...]

Gas prices rise to levels not seen in more than 3 years

Gas prices rise to levels not seen in more than 3 years Month over month, the price is up 15.5 cents a gallon, and it is almost 53 cents a gallon higher year over year. Crude oil prices continued to move up this week following President Donald Trump's decision to re-impose economic sanctions on Iran and withdraw the USA from the Iran Nuclear Deal. [Full Article...]

Crude Oil Flat As OPEC Acknowledges US Shale Boom

Crude Oil Flat As OPEC Acknowledges US Shale Boom According to OPEC's latest monthly report published on May 14, Iran's oil production, based on secondary sources, stood at 3.823 million barrels per day (bpd) in April, rising 10,000 bpd from that of March. The report comes roughly six weeks ahead of OPEC's semiannual official meeting in Vienna, at which the cartel and partner producers are expected to assess a joint agreement to rebalance the oil... [Full Article...]

TX: Nigerian Passenger in Houston Says United Airlines Ejected for 'Pungent' Odor

TX: Nigerian Passenger in Houston Says United Airlines Ejected for 'Pungent' Odor It also accuses crew members of singling out Obioma, not because she was being disruptive, but because a white man - who refused to sit in his own assigned seat - did not want to share a plane with her. Her mind went blank and she was utterly befuddled'. Despite Obioma's attempts to explain that she was taking her children to Canada to attend school and that they had appointments there that th... [Full Article...]

Xerox says ending deal with Fujifilm

Xerox says ending deal with Fujifilm ET on May 13, 2018, it notified Fujifilm that the previously announced transaction agreement to combine Xerox with Fuji Xerox is being terminated in accordance with its terms", Xerox said in a statement . Both praised Xerox's decision to pull out of the deal. Bloomberg earlier reported on the cancellation of the transaction. However, Xerox said it had repeatedly requested new negotiations be ... [Full Article...]

Is Walmart chasing a mirage in Flipkart with the $16-billion acquisition?

Is Walmart chasing a mirage in Flipkart with the $16-billion acquisition? In last few years, the face of Indian e-commerce has undergone a massive shift since SoftBank and Alibaba have begun investing in the fledgling Internet economy. Sources said to PTI that SoftBank is yet to take a call on exiting Flipkart. "There are two-three other investors coming in but Walmart will always retain a clear majority ", he said, adding that the Japanese giant had earlier agree... [Full Article...]

Tesla executive Schwall leaves for Alphabet's Waymo

Tesla executive Schwall leaves for Alphabet's Waymo Witnesses said it the vehicle didn't appear to break before the collision. The road was wet after rain. Tesla's Autopilot system uses cameras and computers to regulate speed, change lanes and automatically stop cars. There was no immediate comment from Tesla about Schwall. The national Council for transport safety is investigating an accident involving a auto Telsa Model S. [Full Article...]

Chili's announces breach in systems

Chili's announces breach in systems We deeply value our relationships with our Guests and sincerely apologize to those who may have been affected. Dallas , Texas-based Brinker International - which operates over 1,600 Chili's outlets worldwide - said that some of the chain's restaurants have been involved in the incident, which is believed to have taken place between March and April this year. [Full Article...]

Petrol, diesel prices increased after 19-day gap

Petrol, diesel prices increased after 19-day gap According to Indian Oil Corp (IOC) chairman Sanjiv Singh, the state-owned firms were "temporarily moderating" prices to avoid sharp spikes and panic among consumers. However, it seems that with the elections out of the way, the oil companies have again got the green light to increase prices in accordance to rising global rates. [Full Article...]

World prepares for U.S. sanctions on Iran

World prepares for U.S. sanctions on Iran For Saudi Arabia, that is "fine" because it means the return of sanctions and ratcheting up pressure on Iran in the region, including by Israel. Just days before Trump announced his decision, a top official in the Russian foreign ministry gave away the game when he practically welcomed a US withdrawal. [Full Article...]

UAE launches $45bn investment to boost refineries

UAE launches $45bn investment to boost refineries The oil minister said there was a consensus between Saudi state oil giant Aramco, the Abu Dhabi National Oil Company ADNOC and Indian companies to form a joint venture. The expansionary $45 billion investment programme will also see the entire Ruwais complex upgraded to dramatically increase its flexibility and integrated capabilities to produce greater volumes of higher-value petrochemicals and... [Full Article...]

Today May 12 iShares iBonds Mar 2023Tm CorpexFncl ETF (IBCE) Drops 0.09%

Today May 12 iShares iBonds Mar 2023Tm CorpexFncl ETF (IBCE) Drops 0.09% A common look back period is 14 days. A reading between 0 and -20 would indicate an overbought situation. Developed by Tushar Chande, indicates if a price is trending or is in a trading range. The Index has been developed by MSCI Inc as an equity benchmark for its worldwide stock performance. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. [Full Article...]

Weekly President Energy Plc (LON:PPC) Ratings

That's change of 0.23, from 2017Q3's 1.37. It increased, as 0 investors sold Aviva plc shares while 1 reduced holdings. 28 funds opened positions while 85 raised stakes. The stock of Trifast plc (LON:TRI) has "Buy" rating given on Monday, April 9 by Peel Hunt. The stock has "Buy" rating by Peel Hunt on Wednesday, July 27. [Full Article...]


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