Business
Ford cuts auto offerings down to Mustang, Focus Active crossover
Ford North America has confirmed it's in the process of transitioning to a passenger auto range comprising just the Mustang and Focus Active . In an interview with Quartz just three months ago, Jim Hackett, Ford's chief executive, said the company is "not planning on a future where it doesn't sell more cars ". [Full Article...]
Shire shares rise as it unilaterally announces Takeda's sweetened deal
So far, Takeda has made three unsuccessful offers to Shire . Peter Feldinger, who worked at Nycomed and Takeda before becoming a consultant, said the union of the two companies had stalled until Weber took charge. The combined firm would be the eighth-biggest drug maker in the world. Earlier today, Shire said it has received a fifth takeover proposal from Takeda . [Full Article...]
Inchcape (LON:INCH) Stock Rating Upgraded by BNP Paribas
Investors holded 44.72 million in 2017Q3 but now own 47.98 million shares or 7.28% more. Eam Investors Ltd Liability Corporation holds 0.34% in Restore plc (LON:RST) or 208,360 shs. It has a 22.76 P/E ratio. It also offers products through NEXT Directory, an online and catalogue shopping business with approximately 4.5 million active customers, as well as global Websites serving approximately 70 c... [Full Article...]
Commodity prices fall on softened Treasury message on Russia's Rusal
Countries and companies from around the world have been lobbying the USA government to soften the sanctions against Rusal because it was increasing clear they were causing severe disruption to global commodity markets, not only for aluminium, alumina and bauxite. [Full Article...]
European agency orders expanded Boeing 737 engine checks after accidents
There are now about 14,000 CFM56-7B engines in operation. On Wednesday, National Transportation Safety Board (NTSB) Chairman Robert Sumwalt, the chief investigator of United States aviation accidents, said he could not yet say if the incident pointed to a fleet-wide issue. [Full Article...]
Renishaw plc (LON:RSW) Weekly Ratings as of April 21, 2018
The Tokio Marine Asset Management Co Ltd holds 27,903 shares with $2.26 million value, up from 14,297 last quarter. Federated Investors Pa reported 0.02% in Admiral Group plc (LON:ADM). HSBC downgraded Hochschild Mining PLC (LON:HOC) on Friday, October 16 to "Reduce" rating. On Wednesday, November 15 the firm has "Hold" rating by Kepler Cheuvreux given. [Full Article...]
The massive Wells Fargo settlement: what you need to know
Under the settlement, Wells Fargo neither admits nor denies wrongdoing. The stock increased 2.22% or $1.145 during the last trading session, reaching $52.685. It is negative, as 26 investors sold EGHT shares while 51 reduced holdings. 108 funds opened positions while 290 raised stakes. KeyBanc Capital Markets initiated Jagged Peak Energy Inc. [Full Article...]
Bank of England rate rises should be gradual, not glacial - Saunders
Saunders was one of two members of the MPC to vote for a hike in rates in March, from 0.5% to 0.75%, in order to curb growing inflation triggered by the collapse in the Brexit hit pound. Last month fellow MPC member Gertjan Vlieghe said the BoE might need to raise rates once or twice a year over the next few years. The National Institute for Economic and Social Research estimates the growth rate... [Full Article...]
Facebook updates with post on logged-out data collection
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The Facebook services that third-party apps and websites make use of include social plugins such as Like and Share buttons, Facebook Login options, Facebook Analytics and Facebook ads and measurement tools . We've explained how to download all the information Facebook has on you , a sensible precaution to take if you're planning to #DeleteFacebook. He went further to promise that Facebook ... [Full Article...]
The median pay for Amazon employees? Less than $30000 a year
Morningstar Inc. analyst RJ Hottovy says that while Amazon is losing money on global investments, success with Prime will make investors more patient with the e-commerce giant. "Our new jobs cover a wide range of professions, from artificial intelligence scientists to packaging specialists to fulfillment center associates", Bezos wrote. [Full Article...]
Crude prices soar on decline in United States inventories
Brent crude oil futures rose $1.52, or 2.1 percent, to $73.10 a barrel by 10:50 a.m. ET (1450 GMT), taking out last week's three-year high of $73.09. Top exporter Saudi Arabia pushed for prices of Dollars 80 to USD 100 per barrel by continuing to withhold supplies also caused the oil price rally. [Full Article...]
Amazon, Best Buy partner to sell Fire smart TVs
Plus, this brings Alexa to the fore - you can carry out voice searches for content regardless of whether it's through a live broadcast or a streaming service, such as Prime Video, Netflix , or Hulu . By selling the smart TVs on Amazon, Best Buy could risk pulling sales from its own website and physical stores. Amazon and Best Buy have deepened their retail partnership. [Full Article...]
UK Wage Rise Beats Inflation - Maybe
Market watchers think the Bank of England is likely to raise interest rates to 0.75% next month to slow inflation , which is above its 2% target. Inflation had risen to 3% following Britain's vote to leave the European Union as the pound slumped, pushing up the cost of imports. [Full Article...]
Setbacks for NIA: Ajmer Dargah and Mecca Masjid
He is an accused in the 2007 Samjhauta blasts case. Devendra Gupta is the RSS pracharak from Bihar while Lokesh Sharma is a RSS activist from Madhya Pradesh. It was RK Singh who had disclosed the role of RSS-linked groups in the bomb blasts. He was granted bail by the Punjab and Haryana High court in August 2014, months after the NDA government came to power. [Full Article...]
US Supreme Court hears oral arguments on Internet sales tax case
The Supreme Court has addressed this issue over the years, eventually ruling that merchants with a physical presence in a state must collect that state's sales tax when selling to a resident of the state. Large retailers such as Apple, Macy's, Target and Walmart, which have brick-and-mortar stores nationwide, generally collect sales tax from their customers who buy online. [Full Article...]
More shambolic VAR scenes as players called back on for penalty
Shortly before half-time there were muted appeals for a penalty decision, but they were turned down by referee Guido Winkmann. During the game, Mainz benefited from a weird penalty decision. Speaking to Eurosport at half-time, Jochen Saier said: "It leaves a bitter taste". When the game was eventually restarted Mainz doubled their lead in the 78th minute after a shocking error from the visit... [Full Article...]
Trump in Trouble Now: Russian Cossacks Strip Pres of 'Honorary Cossack' Title
Russian Federation threatened to shoot down any USA missiles launched at targets in Syria . The United States has blamed the Syrian government for a deadly chemical weapons attack this month and slammed Russian Federation for failing to stop its ally, President Bashar al-Assad, as Western allies considered military strikes on Syria . [Full Article...]
PM Modi in Chennai says not biased against any region
There were at least 10,000 police personnel present to prevent the situation from worsening. Prime Minister Narendra Modi , who inaugurated the Dr Babasaheb Ambedkar Memorial in New Delhi and also took the metro ride for reaching the venue, broke his silence on the Kathua and Unnao rape case and murders without naming the events. [Full Article...]
Bitcoin Plus Achieves Market Capitalization of $4.15 Million (CRYPTO:XBC)
Stratis (STRAT) traded up 13.6% against the dollar and now trades at $4.83 or 0.00059750 BTC. CloakCoin (CLOAK) traded 34.2% higher against the dollar and now trades at $11.20 or 0.00138832 BTC. The official message board for Super Bitcoin is medium.com/@sbtc.org . Beatcoin's official Twitter account is @Beats_coin . The Reddit community for Bitcoin Plus is /r/bitcoin and the currency's Gi... [Full Article...]
UK's takeover authority says Disney must acquire Sky if Fox bid fails
The offer would also not be required if Comcast, which announced an offer for Sky earlier this year, or any other party has already acquired more than 50% of Sky's shares by this point. It is understood that Sky lobbied the Panel to force Disney to bid, allowing its independent directors, led by deputy chairman Martin Gilbert, another potential opportunity to negotiate a higher price. [Full Article...]