Economy


California DMV: Uber Is Illegally Testing Self-Driving Cars California DMV: Uber Is Illegally Testing Self-Driving Cars
- December 17, 2016

The ride hailing giant read between the lines of California DMV's definition of an autonomous vehicle, which states that they are systems that can drive "without the active physical control or monitoring by a human operator". On Wednesday, a fleet of self-driving automobiles shown up in the American city amidst debate over whether Uber requires an approval to test out the pioneering innovation. (more...)
Priyanka Chopra, Dwayne Johnson Priyanka Chopra, Dwayne Johnson
- December 10, 2016

Despite its new look, some said they were still keen to see it - and raved about a brief appearance by Indian actress Priyanka Chopra . I see them as my Prey! Enjoy the sun while you can because this beach is mine. and there's even a meta reference to the iconic slow-motion run in the trailer. The film directed by Seth Gordon also stars eminent actors which include Zac Efron, Alexandra Daddario, llfenesh Hadera, Jon Bass and Kelly Rohrbach in the key roles and the plot line of it is ... (more...)
'Mistry's fight is to protect governance in Tata Group 'Mistry's fight is to protect governance in Tata Group
- December 08, 2016

Tata Sons is seeking to remove Mistry from the boards of the operating companies by way of the EGMs. Tata Sons in a statement "strongly and categorically" refuted claims made by Mistry in his notice on Monday and said that shareholders are qualified to "see through the smokescreen of baseless allegations being passed off as an appeal". (more...)
GoDaddy offers $1.8 billion for Host Europe GoDaddy offers $1.8 billion for Host Europe
- December 08, 2016

GoDaddy has acquired European rival Host Europe Group ( HEG ) for $1.8 billion - including €605 million paid to existing Host Europe shareholders, and €1.08 billion in assumed debt. HEG's chief executive, Patrick Pulvermuller, will lead European operations of the combined company. HEG was purchased by Cinven for about $678.9 million. (more...)
European Central Bank ready to boost stimulus despite higher inflation European Central Bank ready to boost stimulus despite higher inflation
- November 19, 2016

According to Draghi there are three other main risks to growth: geopolitics, banks' profitability and weakness in inflation dynamics. But despite Frankfurt's efforts, inflation was just 0.5% last month, some way from the ECB's target of just below 2%. (more...)
Dollar spooked in Asia as US polls too close to call Dollar spooked in Asia as US polls too close to call
- November 09, 2016

Asian stocks first rose only to retreat more than 1 per cent as the session wore on and more election results flooded in, while U.S. stock futures surrendered modest gains and recoiled 2 per cent at one point. presidential campaign, falling when Trump, the Republican candidate, was up in opinion polls and rising when his Democratic rival Clinton fared better. (more...)
Comey tells Congress he stands by no Clinton charges
- November 07, 2016

Though there is no way to tell how much of that is related to the announcement - versus a natural tightening of the race - the campaign has privately anxious that the surprise announcement would badly hurt their attempts to court Republicans disillusioned with Trump . (more...)
Woman wins $42 million from slot machine, casino claims malfunction Woman wins $42 million from slot machine, casino claims malfunction
- November 03, 2016

A NY woman who reportedly won close to $43 million on a slot machine jackpot was refused payout by the casino. It would have been the largest slots jackpot in USA gaming history. The New York State Gaming Commission said Bookman's slot machine malfunctioned. The slot machine was pulled from the casino floor and fixed after the incident. (more...)
Obama says Army Corps examining Dakota Access oil pipeline route Obama says Army Corps examining Dakota Access oil pipeline route
- November 03, 2016

Preskey said the standoff is happening where the creek empties into the Cannonball River, east of the Backwater Bridge on Highway 1806 that has been closed since last Thursday. The state has now run up a $10 million line of credit for law enforcement costs after an emergency spending panel headed by Gov. Jack Dalrymple voted Tuesday to borrow the additional funds from the state-owned Bank of North Dakota. (more...)
Realty Income Corp 12.9% Potential Decrease Now Implied by Wunderlich Realty Income Corp 12.9% Potential Decrease Now Implied by Wunderlich
- November 03, 2016

The company reported the earnings of $-2.32/Share in the last quarter where the estimated EPS by analysts was $-2.44/share. The company had revenue of $277.20 million for the quarter, compared to the consensus estimate of $279.57 million. BMO Capital Markets restated a "buy" rating on shares of SL Green Realty Corp.in a report on Friday, October 21st. Stockholders of record on Tuesday, November 1st will be given a $0.202 dividend. (more...)
New Report Details How Baylor Suppressed Reports Of Sexual Assault New Report Details How Baylor Suppressed Reports Of Sexual Assault
- November 03, 2016

J. Cary Gray, one of the regents interviewed by The Wall Street Journal , suggested that the health of the football program was more highly prized than the safety of the students. "That was a significant failure to respond by our police department, there's no doubt about it", CBS News reported . Tre'von Armstead went on to play for the Baylor football team in the 2014 season as nothing happened with the report. (more...)
Stocks for Your Case: Marathon Oil Corporation (NYSE:MRO) Stocks for Your Case: Marathon Oil Corporation (NYSE:MRO)
- November 03, 2016

Currently Marathon Oil Corporation (MRO ) grabbed an average recommendation of " Overweight " from analysts. Zacks downgraded Marathon Petroleum Corp (NYSE:MPC) on Monday, August 10 to "Buy" rating. In today's session Marathon Oil Corporation (MRO ) registered an unusually high (2,370) contracts volume of call trades. First Trust Advisors LP raised its stake in Marathon Petroleum Corp.by 14.1% in the third quarter. (more...)
Juniper Stock Downgraded by Morgan Stanley (JNPR) Juniper Stock Downgraded by Morgan Stanley (JNPR)
- November 03, 2016

Juniper Networks, Inc . (NYSE:JNPR) Price to Earnings (P/E) ratio is 16.3. ( NYSE:JNPR ) opened at 25.85 on Wednesday. Juniper Networks (NYSE: JNPR ) last released its earnings results on Tuesday, October 25th. Following the completion of the sale, the executive vice president now owns 60,050 shares of the company's stock, valued at approximately $1,401,567. (more...)
Jose Mourinho charged with misconduct following Man Utd's goalless draw with Burnley Jose Mourinho charged with misconduct following Man Utd's goalless draw with Burnley
- November 02, 2016

However, insulting language and/or abusive language sits in a higher band, with the standard penalty a fine and one-match touchline ban if it is accepted by the manager. Mourinho is accused of using abusive or insulting words towards Clattenburg, who had turned down a penalty appeal from United during the first half. (more...)
Elon Musk unveils much-anticipated design for solar roofs Elon Musk unveils much-anticipated design for solar roofs
- October 30, 2016

Musk says there are three parts to the solar energy solution: generation (solar panels), storage (batteries), and transportation ( electric cars ). During the event, Musk showed how durable the solar roof tiles are by dropping weight on different roof tiles. Tesla revolutionized the electric vehicle industry with the breakthrough Model S, and advanced the game with the Model X. (more...)
Giant deal between AT&T and Time Warner Giant deal between AT&T and Time Warner
- October 30, 2016

Recently, AT&T announced plans to launch a streaming video service by the end of the year. The deal would likely have to be approved by a constellation of federal agencies, including the Department of Justice and the Federal Communications Commission. (more...)
OPEC, non-oil cartel members discuss cuts OPEC, non-oil cartel members discuss cuts
- October 30, 2016

Instead, the meeting dragged on for more than 12 hours as Iran and Iraq refused to agree to put any curbs on their output, OPEC officials said. However, Novak reportedly said Moscow would prefer to freeze at current levels. A deal with other crude producers wasn't possible after internal OPEC talks on Friday reached an impasse over the role of Iran and Iraq, both of which want to be exempt from any cuts. (more...)
Obamacare premiums set to increase in N.D
- October 29, 2016

When you factor in the big increase for next year, average premiums will have risen from $4,500 to $5,600 since 2013. "It has to be replaced with something much less expensive for the people". This is a nationwide trend, and we see it in California, too. The figure reflects premiums on Healthcare.gov, the federally run website that sells plans for about two-thirds of the states. (more...)
RBS makes £469 million loss in third quarter RBS makes £469 million loss in third quarter
- October 28, 2016

RBS CEO Ross McEwan said: "We've said that 2015 and 2016 would be noisy as we work through legacy issues and transform this bank for customers". "These results reflect that noise". However, the lender is thought to be in discussions with a number of interested parties, including the owner of Clydesdale and Yorkshire banks, CYBG. (more...)
British American Tobacco proposes $47B Reynolds merger British American Tobacco proposes $47B Reynolds merger
- October 22, 2016

MILAN, Oct 21 European shares inched higher on Friday, buoyed by a $47 billion tobacco buyout plan and some well-received earning updates from companies including Europe's largest software maker SAP. BAT and Reynolds don't have overlapping footprints, however, meaning a merger is unlikely to face the sort of steep antitrust hurdles typical of such large deals. (more...)