Business

Broadcom bids $130 Billion to acquire Qualcomm

According to a report from Bloomberg , chipmaker Broadcom is launching an ambitious campaign to acquire Qualcomm, best known as the default System on a Chip (SoC) and cellular modem vendor in most smartphones. We will maintain our fair value estimates of $68 for narrow-moat Qualcomm and $203 for narrow-moat Broadcom, but we would probably raise our fair value estimate for Broadcom-perhaps as much... [Full Article...]

Could Disney/Fox Talks Give Marvel X-Men & Fantastic Four Back?

Could Disney/Fox Talks Give Marvel X-Men & Fantastic Four Back? It would be barred from buying the Fox broadcasting network and was not in talks to buy local affiliates, Fox News or Fox Business Channel. 21st Century Fox's management is under the belief that they can't compete with the media scale of other studios, and that Disney has the scale necessary to take its film and television productions to new heights. [Full Article...]

Double digit decline for United Kingdom vehicle market in October

The Society of Motor Manufacturers and Traders (SMMT ) said faltering business and consumer confidence were partly to blame as new registrations dropped by 12.2% to 158,192 in October. Ready to get started? The industry body said vehicle registrations dropped 12.2% year-on-year to 158,192 last month - the second double-digit decline this year. [Full Article...]

New Netflix email scam targets subscriber credit card numbers

New Netflix email scam targets subscriber credit card numbers There's a link in the email that takes the user to a form where you are supposed to enter your credit card number. The scam is pretty sophisticated, with the Netflix logo emblazoned across the top of the email. "We'll try again, but in the meantime you may want to update your payment details". MailGuard detected the new scam early this morning, and stopped the malicious emails from entering ou... [Full Article...]

Australia turns down NZ offer to take asylum seekers barricaded inside camp

Australia turns down NZ offer to take asylum seekers barricaded inside camp Meanwhile, the situation on the remote Manus island in Papua New Guinea, or PNG, is growing more serious with around 600 refugees barricading themselves inside the camp, defying efforts by Australia and PNG to shut it. They are Rohingya Muslims from Myanmar, Afghans, Iranians, Sri Lankans and other nationalities. For four years, Australia has paid Papua New Guinea, its nearest neighbour, and N... [Full Article...]

Saudi Arabian heir tightens his grip on power

Saudi Arabian heir tightens his grip on power It said the helicopter had several officials on board, and did not reveal the cause of the crash. The AFP news agency also confirmed the crash. The missile attack was the first aimed by the Shiite rebels at the heart of the Saudi capital, underscoring the growing threat posed by the raging conflict in Yemen. [Full Article...]

Bowling Green Man Arrested Friday for Assaulting Sen. Rand Paul

Bowling Green Man Arrested Friday for Assaulting Sen. Rand Paul Kentucky State Police says the Federal Bureau of Investigation is now investigating to see if the assault was politically motivated. The Kentucky State Police reacted to Rand's habitation at 3:21 p.m., as indicated by an official statement from the organization. [Full Article...]

Black Caps crush India thanks to Munro ton

Black Caps crush India thanks to Munro ton The comprehensive 53-run victory in the series opener at New Delhi has put India firmly in the drivers seat as they set their targets on an unassailable 2-0 lead at the Saurashtra Cricket Association Stadium in Kandheri. Munro hit seven massive sixes and the same amount of boundaries as brought up his second T20I ton in only 54 deliveries, bettering his 56-ball century against Bangladesh. [Full Article...]

Bitcoin skyrockets into stratosphere smashing $7000 level

Bitcoin skyrockets into stratosphere smashing $7000 level Still, analysts have remarked that the increase comes at a time when bitcoin has never been more visible in the public eye, with business leaders and investment luminaries now discussing bitcoin on an nearly daily basis. According to a poll conducted by the CNBC broadcaster, almost half of some 23,000 people think that Bitcoin will surpass the price of $10,000 per coin. [Full Article...]

Roanoke ACA navigator walks people through enrollment process

Roanoke ACA navigator walks people through enrollment process The Trump administration also cut the length of open enrollment in half and plans to shut down healthcare.gov for 12 hours for maintenance most Sundays during open enrollment, according to the AP. The amount of financial help you get is tied to your income and the cost of the silver plans, which offer middle-of-the-road prices and benefits. Many plans have changes, so you might be given a plan tha... [Full Article...]

Tesla Stock Punished by High Costs and Delayed Production

Tesla Stock Punished by High Costs and Delayed Production That, industry experts say, is among the reasons Tesla is nowhere close to its aggressive goal of building 500,000 vehicles annually by next year, a lot of them Model 3s. On the ratings front, Tesla stock has been the subject of a number of recent research reports. The trick is to make the process more automated, which will allow the company to produce more vehicles at a lower cost than more tradi... [Full Article...]

Sri Lanka won't leave Pakistan in isolation, says Sumathipala

Sri Lanka won't leave Pakistan in isolation, says Sumathipala Pakistani troops stand guard at the main entrance of Gaddafi Stadium ahead of scheduled Twenty20 global cricket match between Pakistan and Sri Lanka, in Lahore, Pakistan, Saturday, Oct. Worldwide cricket returned to the country after a period of 8 years and 7 months with Pakistan taking on Sri Lanka in the final T20I at Lahore's Gaddafi Stadium on Sunday. [Full Article...]

Jeff Bezos Becomes World's Richest Person For Second Time, Beats Bill Gates

His wealth is valued at $90 billion. Bezos became the richest person in the world for the first time in July as Amazon stock hit an all-time high on July 27, ahead of Amazon's second quarter earnings announcement. However, Gates' Microsoft stock also jumped 7%, which kept him on top of Bezos. At the close of United States markets on Friday, Mr Bezos had a net worth of US$93.8 billion, US$5... [Full Article...]

What To Expect From Amazon.com, Inc. (AMZN) Earnings Today

What To Expect From Amazon.com, Inc. (AMZN) Earnings Today The world's largest online retailer said net income rose to $256 million, or 52 cents per share in the quarter ending September 30. That pushed operating income, including $21 million from Whole Foods Market, down 40% to $347 million. In addition, Bezos said active customers on Alexa-enabled devices are up five times over the same period previous year. Given Amazon's appetite for growth - even whe... [Full Article...]

Tottenham eye first consecutive wins against Man United since 1990

Tottenham eye first consecutive wins against Man United since 1990 Kane has been a regular starter for Spurs this season, both domestically and in Europe, only missing a couple of matches including the 3-2 loss to West Ham in midweek. And not only did Mauricio Pochettino's team avoid defeat in that time, they won five of those - including one against current league leaders, Manchester City . [Full Article...]

Amazon Counters Walmart Delivery with New "Amazon Key"

Amazon Counters Walmart Delivery with New Perhaps we'd better start getting used to it then. Amazon Key will be available on November 8 in 37 cities and surrounding areas across the USA, with more locations rolling out over time. Setup: Amazon Key is being sold as an in-home kit that includes an Amazon Cloud Cam and a smart door lock. Customers can keep track of their packages through an Amazon Key app, which sends out real-t... [Full Article...]

USA oil price falls amid rising stockpiles

US oil prices extended declines on Thursday after government data showed a surprise climb in USA crude inventories. The Organization of the Petroleum Exporting Countries, Russia and other producers have cut oil output by about 1.8 million barrels per day (bpd). [Full Article...]

SAP Takes Disciplinary Action, Calls in US Authorities, Amid #GuptaLeaks Corruption Revelations

As result of the last few months of trouble SAP has instituted a process change in countries where the Corruption Perception Index (CPI) rating is below 50. "As a global company with a commitment to integrity and compliance, the past three months have been humbling for us", said Adaire Fox-Martin, member of the Executive Board of SAP SE, who leads SAP's business in Middle and Eastern Europe (MEE... [Full Article...]

Billionaire wealth shatters $6tr barrier for first time

Billionaire wealth shatters $6tr barrier for first time China accounted for 62% of the newcomers, followed by 12% in India and 12% in Russian Federation. Billionaire's wealth had also overtaken global economic growth of 5.8 percent in 2016. This will be even more important when an estimated $2.4 trillion of billionaire wealth is expected to be transferred in the next two decades, notes Widrig, who adds: 'Technology, the creation of social networks an... [Full Article...]

Caterpillar Inc. (CAT) now has 4.46 lead over its 52-week high

Parsec Financial Management Inc. now owns 3,898 shares of the company's stock valued at $346,000 after buying an additional 23 shares during the period. During the same period past year, the firm posted $0.85 EPS. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. This is an increase over its earnings per share of 85 cents from the same time previous year. [Full Article...]


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