Business

Digital rights group terms Google's banning of Neo-nazi site 'dangerous'

Digital rights group terms Google's banning of Neo-nazi site 'dangerous' Though the forum was shut down past year, it was reported only on Wednesday. Which is why it's not surprising to hear the company shut down an internal discussion group, Facebook Anon, following employee harassment surrounding the 2016 election. [Full Article...]

Fed up with sniping Infosys chief steps down

Fed up with sniping Infosys chief steps down Mr Sikka had come under fire in recent months from some of the founders of the company on issues related to corporate governance and salary increases for top executives. He will report to the company's board. A Ph.D in computer science from Stanford University, USA, Sikka was the first-ever Chief Technology Officer at SAP - a post created for the first time in 2007. [Full Article...]

Foot Locker's struggles may stem from lack of 'innovative new products'

Foot Locker's struggles may stem from lack of 'innovative new products' Creative Planning has invested 0% of its portfolio in ADTRAN, Inc. Old Second Bank & Trust Of Aurora owns 200 shares or 0.01% of their United States portfolio. In a transaction dated March 08, 2017, the shares were put up for sale at an average price of $77.51, raking in a sum of $1,937,750. The "greater of" provision, Foot Locker argued, "had the benefit of ensuring that participants would not ... [Full Article...]

United Kingdom may keep visa-free travel for European Union visitors

United Kingdom may keep visa-free travel for European Union visitors For Northern Ireland and the Republic, the imposition of any form of border controls or checkpoints would be disastrous, impacting on the free movement of people and goods with the probability of far-reaching political and security repercussions. [Full Article...]

Crude Stockpiles Plummet, Oil Pares Gains

Crude Stockpiles Plummet, Oil Pares Gains West Texas Intermediate (WTI) for September delivery was at $47.82 a barrel on the New York Mercantile Exchange, up 27c, at 9.46am in London. Inventories dropped by 9.2 million barrels last week, the American Petroleum Institute was said to report. [Full Article...]

Royston train hits buffers at King's Cross station

Royston train hits buffers at King's Cross station SWT issued a statement saying: "An earlier points failure and an unrelated low speed, partial derailment has caused extensive disruption to services' this morning". "The incident happened as the train was pulling away from its platform at Waterloo at 5:40am". "The barrier train was in place to separate the ongoing engineering works at Waterloo from the operational train services". [Full Article...]

Air Berlin files for insolvency

Air Berlin files for insolvency Air Berlin PLC, the parent of airberlin and NIKI, has filed for provisional insolvency proceedings in a court in Berlin-Charlottenburg (NIKI is not included). Lufthansa is supporting the restructuring efforts of the airline jointly with the German Government. This past April Etihad injected another €250 million into Air Berlin to support its most recent turnaround efforts. [Full Article...]

Wall Street higher but on track for deep weekly losses

Wall Street higher but on track for deep weekly losses KOREA JITTERS: With President Donald Trump warning North Korea of " fire and fury ", investors have become concerned that the war of words between Washington and Pyongyang could escalate. The index has fallen to its lowest intraday level in nearly a month. Steel and networking also saw some weakness on the day, although selling pressure was somewhat subdued. [Full Article...]

S&P falls 1.4 pct in safety flight on N. Korea tensions

S&P falls 1.4 pct in safety flight on N. Korea tensions The 10-year German bund yield traded at 0.43 percent while the 10-year US yield declined to 2.243 percent. The pan-European FTSEurofirst 300 index .FTEU3 lost 1.01 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.26 percent for a weekly loss of 1.6 percent, the largest since the week to November 4. [Full Article...]

Tesla electric will test self-driving truck in Nevada

Tesla electric will test self-driving truck in Nevada Tesla CEO Elon Musk previously announced that the company would unveil an electric truck in September, but didn't hint that it would be self-driving. Nevada DMV spokesperson Jessica Gonzalez told Reuters that Tesla requested for a meeting with California officials on Wednesday "to talk about Tesla's efforts with autonomous trucks", as well as to introduce new staff. [Full Article...]

United States airlines are bumping passengers at historically low rates

United States airlines are bumping passengers at historically low rates The Transportation Department said Tuesday that just one in every 19,000 passengers was kicked off an overbooked flight in the first six months of this year. Congress held hearings about the incident and threatened legislation . Travelers were least likely to be bumped on JetBlue Airways, Hawaiian Airlines and Delta Air Lines. [Full Article...]

Disney Stock Exacts Steeper Toll Than North Korea On Dow

Disney Stock Exacts Steeper Toll Than North Korea On Dow The S&P 500 , a broader gauge of USA companies, fell 0.24 percent to 2,474.92. Wall Street declined on Tuesday after a late afternoon selling spree in response to President Donald Trump's statement saying North Korea "will be met with fire and fury" if it threatens the US. [Full Article...]

Bill Ackman builds 8% stake in ADP

Bill Ackman builds 8% stake in ADP ADP defended Rodriguez in it statement and said investors have been rewarded with a total return of 202 percent - assuming they reinvested dividends and held on to shares of a unit that was spun off - during his almost six years at the helm. [Full Article...]

Stock Seesawing Amidst Rampant Activity: Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Stock Seesawing Amidst Rampant Activity: Teva Pharmaceutical Industries Limited (NYSE:TEVA) SOL Capital Management CO raised its stake in shares of Teva Pharmaceutical Industries by 10.1% in the first quarter. Analysts set a 12-month price target of $23.81 a share. TRADEMARK VIOLATION WARNING: "Maxim Group Reaffirms "Hold" Rating for Teva Pharmaceutical Industries Limited (NYSE: TEVA )" was first published by Transcript Daily and is owned by of Transcript Daily. [Full Article...]

Dow Jones industrial average trades above 22000 points for first time

Dow Jones industrial average trades above 22000 points for first time U.S. shares shot out of the box on Tuesday, thanks to a bevvy of strong earnings reports and the Dow Jones added 89. Its shares rose around 5%, on track for their largest advance in six months and adding roughly 50 points to the Dow industrials. [Full Article...]

Witness says teen opened airplane door quickly

Witness says teen opened airplane door quickly LOS ANGELES | A 17-year-old was arrested Tuesday after opening the door of an emergency evacuation of an airplane and jumped on the track just after landing in San Francisco , indicated to the AFP a spokesman of the airport. Other passengers said he seemed anxious and fidgety during the flight and that he acted very quickly, making it hard for anyone to stop him. Yakel said the teen was not inj... [Full Article...]

Discovery buys Scripps for $11.9-billion to form US cable giant

Discovery buys Scripps for $11.9-billion to form US cable giant Quantbot Technologies LP now owns 6,622 shares of the company's stock valued at $187,000 after buying an additional 6,039 shares in the last quarter. Sell-side analyst recommendations point to a short term price target of $28.56 on the shares of Discovery Communications , Inc. [Full Article...]

Euro-Area Economy Steams Ahead As ECB Waits For Inflation

Euro-Area Economy Steams Ahead As ECB Waits For Inflation The Euro jumped to its strongest position in two-and-a-half years against the US Dollar on Monday, ending London trading nearly one percent higher. The eurozone is still working off the effects of a crisis over high government and bank debt that forced member governments to bail out member governments Greece, Ireland, Portugal and Cyprus and Spain's banks. [Full Article...]

Oil prices hover near 8-week highs on lower U.S. stocks

Oil prices hover near 8-week highs on lower U.S. stocks Yesterday, the EIA once again helped to lift oil market spirits by reporting another hefty decline in USA commercial crude oil inventories for the week ending July 21. Kuwait and the UAE followed suit, and also pledged curbs in exports. The monitoring committee, known as JMMC said it would track Nigerian production patterns in the next weeks. [Full Article...]

VW Exec Faces Up To 169 Years In Prison Over Dieselgate

VW Exec Faces Up To 169 Years In Prison Over Dieselgate Prosecutors and lawyers in the criminal case told a federal judge Tuesday morning that Mr. Schmidt has agreed to plead guilty, a spokesman for the U.S. To clarify the reference to "hiding out", the government of Germany typically doesn't extradite its citizens to face charges in other countries. The charges that resulted from VW being caught in the act include conspiring to defraud the United Stat... [Full Article...]


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