Economy

European Union to investigate Italy, Fiat over emissions - Handelsblatt

European Union to investigate Italy, Fiat over emissions - Handelsblatt The Commission proposed the overhaul of rules on how vehicles are licensed and tested across the bloc a year ago, in response to the scandal that erupted in 2015 around Volkswagen's use of illegal software to manipulate how its vehicles performed on emissions tests. [Full Article...]

McCain: White House Scandals Are Hitting 'Watergate Size And Scale'

McCain: White House Scandals Are Hitting 'Watergate Size And Scale' John McCain (R-Ariz.) said the president's mounting scandals were inching towards Watergate proportions. McCain, a former Republican presidential candidate, who lost to Barack Obama in 2008 elections, made the comment at a dinner where he received the International Republican Institute's Freedom Award. [Full Article...]

Cisco Systems, Inc. (NASDAQ:CSCO) Up 0.35% in Pre-market

Cisco Systems, Inc. (NASDAQ:CSCO) Up 0.35% in Pre-market The Company disclaims any intent or obligation to update forward-looking statements even if experience or future changes make it clear that actual results may differ materially from any projected results expressed or implied therein. ( URBN ) touched the day high at $20.985 while its day Low was at $20.24. During the period, the company also opened one new Food and Beverage restaurant. [Full Article...]

South Sudan says divisive army chief of staff removed

South Sudan says divisive army chief of staff removed Malong's replacement, Gen. James Ajongo Mawut, stressed that the situation was normal, even as internal United Nations documents obtained by the AP suggested a rise in military operations across the country. The resignations included the former judge advocate general of South Sudan's army, the former head of military courts and a top general, Thomas Cirillo Swaka. [Full Article...]

Oil stable on expectations of extended OPEC-led production cut

The ministers called for the current deal among the Organization of the Petroleum Exporting Countries to be extended by nine months, far longer than what analysts had hoped. OPEC's effort to shrink huge global crude stockpiles may fail even if the cartel agrees to extend its agreement to pump less oil, the International Energy Agency warned on Tuesday. [Full Article...]

What's Happening To These Stocks? - Stratasys Ltd. (SSYS), Inovio Pharmaceuticals, Inc. (INO)

What's Happening To These Stocks? - Stratasys Ltd. (SSYS), Inovio Pharmaceuticals, Inc. (INO) If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The firm's stock has a market capitalization of $1.56 bln. (SSYS) reported last quarter earnings figures on May 16. The technology company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. [Full Article...]

Traders Secrets on Exxon Mobil Corporation (XOM), Mondelez International, Inc. (MDLZ)

Traders Secrets on Exxon Mobil Corporation (XOM), Mondelez International, Inc. (MDLZ) A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 12th will be issued a $0.77 dividend. [Full Article...]

Judge says he may reject parts of Wells Fargo accounts settlement

Judge says he may reject parts of Wells Fargo accounts settlement The company reported revenue of $23.25 Billion in the same period a year ago. Shareholders of record on Friday, May 5th will be paid a dividend of $0.38 per share. Since January 1, 0001, it had 1 insider purchase, and 2 sales for $390.37 million activity. The correct version of this article can be read at https://www.thecerbatgem.com/2017/05/17/edge-wealth-management-llc-increases-position-in-well... [Full Article...]

SBI PO Prelims 2017 Results Out | Cutoffs May Surprise You!!

SBI PO Prelims 2017 Results Out | Cutoffs May Surprise You!! The main exam is scheduled to conducted on June 4. While checking the results, candidates need to keep their roll numbers/ registration numbers handy as they will need it to check their results. We congratulate those candidates who got selected for SBI PO mains examination which will be held on 04th June 2017 and those who are not selected don't get dishearten as this is the start of the year ... [Full Article...]

Paytm to start payments bank operations from May 23

Paytm to start payments bank operations from May 23 PPBL will accept deposits from individuals and small traders up to Rs 100,000 per account. Ltd and Paytm Payments Bank Ltd-to run its e-commerce and banking services, respectively. If a customer doesn't wish to continue with the payments bank service then he/she have to communicate the same to the company before May 23rd. As per a Hindu Business Line report , Sharma will hold the majority share... [Full Article...]

United Nations slams DPRK's latest ballistic missile test

It also vowed to fully implement the six sanctions resolutions previously adopted and urged all U.N. member nations to implement the measures "in an expeditious and serious manner". "It is considered an IRBM (intermediate range ballistic missile) of enhanced calibre compared to Musudan missiles that have continually failed", he said, referring to a class of missile created to travel up to 3,000 to... [Full Article...]

Snowbirds cite need for additional training, cancel airshow appearances

Snowbirds cite need for additional training, cancel airshow appearances The weather is partly to blame for the Snowbirds canceling their performance at the Rhode Island National Guard Open House and Air Show. "As a result, more training is required before the Snowbirds resume their 2017 schedule", says Major Patrick Gobeil, team lead. [Full Article...]

Amazon's Latest Echo Device Includes a Touchscreen

The device will potentially play a significant role in Amazon's dominance of the smart speaker market this year, with the company expected to account for over 70% of all smart speakers in the U.S. Echo Show is shipping on June 28. "Make hands-free video calls to friends and family who have an Echo Show or the Alexa App, and make voice calls to anyone who has an Echo or Echo Dot", the digita... [Full Article...]

Microsoft criticizes governments stockpiling software vulnerabilities following WannaCrypt ransomware attack

According to reports, ATMs or automated teller machines are highly vulnerable to such malware attacks as they now run on old version of Microsoft's Windows operating system, making a software security patch update a necessary exercise. In the past few days, thousands of computers across the world have been locked up and users" files have been held at ransom due to a malware called "Ransomware' ... [Full Article...]

Sudan's president invited by Saudi Arabia to Trump meeting

According to the website, the kingdom will host the U.S. and Muslim leaders during the historic event that will take place on May 20 and 21. And the website highlights the importance of the summits in promoting global security, deep-rooted economic partnerships and constructive political and cultural cooperation as well as consolidation of views to combat terrorism. [Full Article...]

Financial & Investment Management Group Ltd. Invests $1.477 Million in Abbott Laboratories (ABT)

Financial & Investment Management Group Ltd. Invests $1.477 Million in Abbott Laboratories (ABT) The Rockefeller Financial Services Inc holds 2.04M shares with $78.39M value, up from 1.43 million last quarter. Finally, Poplar Forest Capital LLC increased its stake in shares of Abbott Laboratories by 0.3% in the third quarter. Abbott Laboratories (NYSE:ABT)'s trailing twelve month revenues are $22.3 Billion, whereas its price to sales ratio for the same period is 3.41. Investors of record o... [Full Article...]

Bloody clash outside Turkish embassy in D.C. sends 9 to hospital

Bloody clash outside Turkish embassy in D.C. sends 9 to hospital A firm owned by Mr Trump's former national security adviser, Michael Flynn, received more than $500,000 during the election campaign, initially undisclosed, for work meant to discredit an Erdogan political rival. The United States sees the YPG as distinct from the PKK and as a valuable partner in the fight against Islamic State. "We've had a great relationship", the USA president said, "and we wil... [Full Article...]

Bank of England cuts United Kingdom growth forecast

The Bank of England's Monetary Policy Committee (MPC) has held the base rate at 0.25% and warned economic growth this year could be weaker than previously expected. The MPC kept its benchmark interest rate at a record-low 0.25 percent, though Kristin Forbes dissented again, voting for an immediate increase. Instead of its usual nine members, the MPC only had eight members attending the May meeti... [Full Article...]

NASCAR adds fourth stage to Coca-Cola 600

Heading into this weekend's Monster Energy Open at Charlotte Motor Speedway, he sits in the second position in the driver standings, 44 points behind leader Kyle Larson. The distance is greater. "The challenge of adjusting to the track surface from hot to cool puts more pressure on crew chiefs and pit crews", said Marcus Smith, president and chief operating officer of Speedway Motorsports, Inc. [Full Article...]

Researchers say global cyber attack similar to North Korean hacks

Researchers say global cyber attack similar to North Korean hacks Speaking before an emergency meeting of the U.N. Security Council convened to discuss the North's latest missile test, Haley also said that the U.S.is willing to hold talks with Pyongyang, "but not until we see a total stop of the nuclear progress and of any test there". [Full Article...]


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