Finance


Head of IAEA inspections has resigned Head of IAEA inspections has resigned
- May 13, 2018

The Vienna-based nuclear company says it has no indications Iran is in breach of the accord. The reason for the resignation of the expert, the representative of the IAEA did not name. The deal, known officially as the Joint Comprehensive Plan of Action (JCPOA), required Iran to open any site to the IAEA within 24 days at most . Trump has pulled out of the 2015 pact and reinstated U.S. (more...)
USPS and SCV Food Pantry help USPS and SCV Food Pantry help "Stamp Out Hunger"
- May 13, 2018

The Stamp Out Hunger Food Drive is the second largest food drive of the year for McLennan County. Within the local network, more than 26,500 pounds of food was collected past year. Donations in non-breakable containers, of non-perishable, unopened and unexpired food items placed in bags by your mail receptacle will be very much appreciated. (more...)
Post Walmart deal, Flipkart's ESOPs valued at $2 billion Post Walmart deal, Flipkart's ESOPs valued at $2 billion
- May 13, 2018

The reason for this potential flip-flop is being attributed to a hefty tax burden that a short-term exit from Flipkart will attract for Softbank . "The $16 billion acquisition by worldwide e-commerce retail giant Walmart of Indian e-retail Flipkart facilitates the backdoor entry of foreign capital to take over India's huge multi-crore retail trade sector", said the CPM Politburo in a statement . (more...)
Uber flags future of flying taxis with flashy new concepts Uber flags future of flying taxis with flashy new concepts
- May 13, 2018

As part of the project, Uber will share details of its plans for an urban aviation ridesharing service. Under the agreement, signed today, Uber and the United States military are to carry out a $1 million research project in an army lab. (more...)
Boston Dynamics is back with two new videos Boston Dynamics is back with two new videos
- May 12, 2018

This was also the subject of the company's last two videos which saw the robot kicked around , as well as a display of an arm attachment . The robot is able to move around on rough terrain and jump over objects using stereo vision, range sensing and other sensors. (more...)
Kamloops unemployment rate almost the same year-over-year Kamloops unemployment rate almost the same year-over-year
- May 12, 2018

The indicator, which is closely monitored by the Bank of Canada ahead of its interest-rate decisions, has been creeping upwards. The unemployment rate was unchanged at 5.8 percent, as expected. In March, employment was 72.4 per cent while it was 68.9 per cent in April 2017. The agency said the economy produced 28,800 full-time jobs last month and shed 30,000 part-time positions. (more...)
BOE Keeps Interest Rate on Hold as Inflation Seen Cooling Faster BOE Keeps Interest Rate on Hold as Inflation Seen Cooling Faster
- May 12, 2018

Competition among challenger banks, in combination with higher SWAP rates, appears to be fuelling this rise. "The MPC continues to judge that the United Kingdom economy has a very limited degree of slack", the minutes said, noting that hiring intentions had remained strong and the jobless rate had continued to fall despite the sluggish growth in the first quarter of 2018. (more...)
Magnesium Supplier Fire Stops Ford F-150 Production Magnesium Supplier Fire Stops Ford F-150 Production
- May 11, 2018

Ford is not the only company affected, as Meridian also supplies components to FCA and General Motors , but so far, neither of those companies have issued a statement on how this impacts their production plans. A Ford spokeswoman told Insider via email that the situation was "fluid" and that decisions were being made "day by day", though she did not provide details about the projected length of the shutdown. (more...)
Virginia selected to participate in DOT pilot program involving drones Virginia selected to participate in DOT pilot program involving drones
- May 11, 2018

The Memphis Shelby County Airport Authority submitted the program proposal with partners: City of Memphis, Agricenter International, FedEx , University of Memphis, Tennessee Department of Transportation Division of Aeronautics, GE subsidiaries AirXOS and Avitas, Intel , Flirtey , 901Drones, Express Drone Parts, and Forever Ready Productions. (more...)
Stryker (SYK) Given New $171.00 Price Target at Citigroup
- May 10, 2018

First Interstate Bank who had been investing in Starbucks Corp for a number of months, seems to be less bullish one the $81.57B market cap company. The stock increased 0.77% or $0.225 during the last trading session, reaching $29.355. On Friday, November 3 the rating was maintained by Needham with "Hold". As per Friday, November 13, the company rating was downgraded by Goldman Sachs. (more...)
California Regulator OKs Solar Panels Mandate For New Homes California Regulator OKs Solar Panels Mandate For New Homes
- May 10, 2018

In the long-term, building more homes - soon with solar panels - could drive down living costs in the Golden State. The commission estimates solar panels would boost construction costs for a single-family home by roughly $10,000. But Republican legislative leaders argue Californians can not afford to pay any more for housing in what is already an extremely expensive market. (more...)
What Comcast Buying Fox Instead Of Disney Would Mean What Comcast Buying Fox Instead Of Disney Would Mean
- May 09, 2018

A handful of notes from Wall Street analysts said Comcast's involvement was likely to push Disney to raise its existing offer. However, if the government does not approve, then Comcast has no intention of placing a bid. As part of the historic deal, Disney would acquire 21st Century Fox's critically acclaimed film production businesses, including 20th Century Fox, Fox Searchlight Pictures and Fox 2000 - the homes of Avatar , X-Men, Fantastic Four , Deadpool , The Grand Budapest ... (more...)
Grimes took Elon Musk to the Met Gala Grimes took Elon Musk to the Met Gala
- May 09, 2018

The disclosure by Musk is noteworthy because Tesla Motors now does not have an official presence in Iceland, even though the company has been on a significant expansion spree in Europe during the last few years. Specifies that the real name Grimes , Claire Boucher . Amber began dating the billionaire in 2016 after her divorce from Johnny Depp and Musk's split from wife Talulah Riley. (more...)
Japan's biggest ever deal: Takeda buys Shire for $62 billion Japan's biggest ever deal: Takeda buys Shire for $62 billion
- May 09, 2018

Weber, a Frenchman who is the first foreigner to lead the 237-year-old firm, is seeking growth in new markets amid patent expirations and drug pricing pressures at home. The Japanese company predicts annual cost synergies of at least $1.4 billion three years after completion, including $600 million in research and development costs, and the deal is expected to boost underlying earnings significantly from the first full year after closing. (more...)
New York City gas tops to $3 a gallon New York City gas tops to $3 a gallon
- May 08, 2018

Pump prices rose in 35 states last week and fell in 15, much improved over the prior week when prices rose in every state. The price in Rhode Island has increased 32 cents since the middle of March. Much will depend on his decision on the subject. Killing the deal may inflict more pain on motorists as it may lead to sanctions placed on Iran and their oil production, which would likely push oil prices higher. (more...)
Man eats 30000 Big Macs, breaks record for Man eats 30000 Big Macs, breaks record for "Most Big Macs Consumed"
- May 07, 2018

Gorske's love for Big Macs started more than 40 years ago when he ate his first one on May 17, 1972. He said that the first time he missed eating a Big Mac was in 1982. Among the other Big Mac-related facts he knows is the date that McDonald's switched from lettuce leaves to shredded lettuce - February 10, 1999. Gorske has appeared on the "Rachael Ray Show ", "Jimmy Kimmel", " Lopez Tonight ", "I've Got a Secret", " Oprah " and " Inside Edition ". (more...)
Wall St mixed as Fed seen on track for June hike Wall St mixed as Fed seen on track for June hike
- May 05, 2018

Analysts expect another hike is coming at the next meeting in June. Yet the Fed also emphasised the inflation target was "symmetric", suggesting it was not inclined to speed up its tightening plans. Therefore, we still expect the Fed to be gradual in its approach and deliver only two more rate hikes this year. Eurozone inflation for April also came in below market expectations, while in the United Kingdom, a purchasing managers index for services was also below the consensus forecasts. (more...)
Norwegian Air Rebuffs Two Takeover Bids From British Airways Owner IAG Norwegian Air Rebuffs Two Takeover Bids From British Airways Owner IAG
- May 05, 2018

London-listed shares of IAG were up 5.1% at 673.00 pence, the second best performer on the FTSE 100. Operating profit in the three months to the end of March soared 75 per cent to €280 million (£247m), traditionally the weakest quarter of the year for the industry. (more...)
Settlement reached with Philadelphia Starbucks Settlement reached with Philadelphia Starbucks
- May 05, 2018

Announced in 2014, it's called the Starbucks College Achievement Plan and is available to company employees. "On Monday June 11, 2018 we will close all our company-operated stores and offices across Canada for a portion of the afternoon, for partners to participate in a training session created to address implicit bias, promote conscious inclusion, and ensure everyone inside a Starbucks store feels safe and welcome". (more...)
Oil edges up as OPEC, Iran overshadow United States crude output Oil edges up as OPEC, Iran overshadow United States crude output
- May 05, 2018

The benchmark contract hit a 3-1/2 year closing high of $75.17 on Monday. U.S. light crude had also dropped 20 cents to $68.23. This week, markets were clearly focused far more on the talks between the US President Trump and French President Macron on the Iranian deal. (more...)
Berkshire Hathaway (BRK.B) Scheduled to Post Quarterly Earnings on Saturday Berkshire Hathaway (BRK.B) Scheduled to Post Quarterly Earnings on Saturday
- May 05, 2018

The numbers helped end a recent swoon in Apple stock on concern its flagship iPhone X model wasn't selling as well as Wall Street originally hoped. Buffett "If you look at Apple , I think it earns nearly twice as much as the second most profitable company in the United States", CNBC quoted Buffett as saying. (more...)
US Trade Deficit Narrows Significantly To USD49.0 Billion In March US Trade Deficit Narrows Significantly To USD49.0 Billion In March
- May 04, 2018

Commenting on the figures, Andrew Hunter at Capital Economics pointed out that while capital goods exports were "solid" in March, the 1.8% drop in [nominal] imports was not "particularly reassuring", although it came on the heels of a run of "very strong" increases at the end of 2017. (more...)
Why is May 4 known as Star Wars day? Why is May 4 known as Star Wars day?
- May 04, 2018

It's kind of unbelievable how many parallels run between the two properties, including the awkward bit about a guy being in love with one of his relatives. The phrase " May the Fourth be with you " was first published in a newspaper advertisement on May 4, 1979, by the conservative party . Spend $75 or more, and you'll get a free Mini BB-8 . (more...)
Fed leaves rates unchanged and says inflation is moving higher Fed leaves rates unchanged and says inflation is moving higher
- May 03, 2018

Mr Powell has endorsed a "patient" approach to rate rises, and the Fed's statement on Wednesday twice stressed that the central bank's inflation target is "symmetrical", in a sign that policymakers do not want to over-react to modest overshoots to their 2 per cent goal. (more...)
Texas teen charged with plotting IS-inspired shooting at mall Texas teen charged with plotting IS-inspired shooting at mall
- May 03, 2018

Azizi-Yarand was inspired by Islamic State to conduct the attack, which he planned to carry out in mid-May, the affidavit said. Later still, Azizi-Yarand discussed with an undercover Federal Bureau of Investigation employee the possibility of attacking a shopping mall during the Muslim holy month of Ramadan, and at one point sent the Federal Bureau of Investigation employee three pictures of a mall near Plano called the Stonebriar Centre. (more...)