Finance


Boil-water advisory lifted for City of Melfort and surrounding communities Boil-water advisory lifted for City of Melfort and surrounding communities
- July 30, 2016

The province estimates that the shutdowns due to the Husky spill have affected the water supply to about 62,000 people in the area. Husky vice-president Al Pate has also said that pipeline monitoring detected some irregularities Wednesday evening and crews were on site the next morning. (more...)
DNC 2016: Die-hard Sanders backers divided on backing Clinton DNC 2016: Die-hard Sanders backers divided on backing Clinton
- July 29, 2016

For many Sanders fans, the messages proved that their concerns about party officials preferring Clinton were correct. "Our goal is to bring the Bernie supporters and the Hillary supporters here today in this convention try to bring it together - tonight's theme is unity", said Chuck Rocha, senior adviser to the Sanders campaign. (more...)
Premier Farnell quits Datwyler offer to recommend Avnet's tilt Premier Farnell quits Datwyler offer to recommend Avnet's tilt
- July 29, 2016

The acquisition is subject to approval by Premier Farnell shareholders and an English court, as well as regulatory approvals in the European Union, United States and Israel. "Our customers will be able to do more technical research online through the services provided by Premier Farnell ", said Gerry Fay, President of Avnet's Electronics Marketing, Worldwide "Bringing these two companies together allows us to capture market share earlier in the design process". (more...)
Passenger gave speech supporting IS; Dubai-Kozhikode IndiGo flight makes emergency landing Passenger gave speech supporting IS; Dubai-Kozhikode IndiGo flight makes emergency landing
- July 29, 2016

Earlier, it was reported that the man shouted pro-ISIS slogans. The aircraft landed in Mumbai at 9.15am and the unruly passenger was handed over to security forces. Describing the violent incident, the airline stated: "IndiGo confirms the diversion of its flight 6E 89 (Dubai-Calicut) to Mumbai this morning on grounds of unruly behavior on board". (more...)
Analog Devices to buy Linear Technology for Analog Devices to buy Linear Technology for
- July 29, 2016

On Wednesday, Linear Technology saw its shares slump by more than 4 percent, one day after the company agreed to be acquired by ADI , of Norwood, Massachusetts. Credit Agricole analysts issued their verdict on Linear Technology Corporation (NASDAQ: LLTC ) recently. The recent traded volume of 22.61 million shares higher than its average volume of 2.38 million shares. (more...)
Diplomat incident avoided: Aussies get rooms at Rio Olympics Diplomat incident avoided: Aussies get rooms at Rio Olympics
- July 29, 2016

Rio de Janeiro (dpa) - The first members of the Australian team have moved into the Olympic village in Rio de Janeiro after the head of the delegation previously labelled the accommodation "unliveable". Flanked by the Australian Mens Hockey Team, Chiller acknowledged the gesture and efforts of the people of Rio and provided Paes with an official Australia Team shirt and boxing kangaroo mascot. (more...)
Oracle to acquire NetSuite in mega Oracle to acquire NetSuite in mega
- July 29, 2016

Mr. Ellison is NetSuite's largest investor; entities owned by Mr. Ellison and his family held almost 40% of NetSuite's shares, according to NetSuite's annual proxy statement filed in April. Oracle's other big acquisitions include its acrimonious hostile takeover of PeopleSoft Inc. for $10.3 billion in 2004, another hostile purchase of BEA Systems Inc. (more...)
Apple talks services amid drop in iPhone sales, profit
- July 28, 2016

We never set out to make the most, but we've always set out to make the best products that make a difference. Demand for Apple's products remained soft across most of the geographical regions except Japan. Confirming another rumor, Macotakara says a new black color iPhone will be added to Apple's lineup. Revenue from Apple Music, the App Store, and iCloud Storage jumped 19 percent from a year earlier to $5.98 billion. (more...)
Oil down 3% after surprise United States crude, gasoline builds Oil down 3% after surprise United States crude, gasoline builds
- July 28, 2016

Energy Information Administration (EIA) said Wednesday. Crude inventories rose by 1.7 million barrels in the week ended Friday, July 22, compared with analysts' expectations for a decrease of 2.3 million barrels, according to the EIA, the Energy Department's statistical arm. (more...)
Boeing Reports Net Quarterly Loss, Hit By 787, 747 Program Charges Boeing Reports Net Quarterly Loss, Hit By 787, 747 Program Charges
- July 28, 2016

Profits for the first half of the year stood at €1.76bn (£1.47bn) - up from €1.52bn (£1.27bn) for the same period in 2015. Despite the losses, the company continued to spend $2.7 billion on share buybacks and quarterly dividends during the quarter. (more...)
Facebook users grow to 1.7bn a month as revenue exceeds expectations Facebook users grow to 1.7bn a month as revenue exceeds expectations
- July 28, 2016

The company now makes 84 per cent of its advertising revenue from mobile. Earnings per share are pegged at 82 cents. Total revenue rose 59.2 percent to $6.44 billion, compared with the estimate of $6.02 billion. "Our community and business had another good quarter", he said, "We're particularly pleased with our progress in video as we move towards the world where video is at the heart of all our services". (more...)
The Impossible Burger Might Actually Change the World The Impossible Burger Might Actually Change the World
- July 28, 2016

In the labs of Impossible Foods , amino acids, fats and various ingredients are obtained from plants and mixed together in order to create this meatless burger. On the one hand, as Americans are growing more conscious of the disastrous health and environmental consequences of our meat obsession, who among us wouldn't welcome a guilt-free alternative that tastes-and " bleeds "-the same as the flame-broiled patties on which we were raised?" Impossible Foods is a private company funded in part ... (more...)
Twitter stock falls 10% on weak sales Twitter stock falls 10% on weak sales
- July 27, 2016

Excluding items, the company earned 13 cents per share, topping the average analyst estimate of 10 cents. Revenue rose about 20 percent to $602 million, missing the estimate of $606.8 million. The investors are anxious about the social media company's weak performance reflected by its sluggish user growth and the amount of time each user spends on the networking site. (more...)
McDonald's joins McDonald's joins "Pokemon Go" craze hoping to catch the wave
- July 27, 2016

Its iPhones sales seem to be picking by day with a notable increase in its shares of up to 5 percent. Even so, the stock has gained 86 percent since its USA launch earlier this month, adding $17 billion to its market capitalization. Niantic Chief Executive John Hanke has said it would be technically possible to launch there, but noted a host of complex rules and restrictions. "In the USA, people are accustomed to slow networks, to server outages", he said. (more...)
Verizon set to acquire Yahoo in $4.8 Billion deal
- July 27, 2016

According to recent research from eMarketer, Yahoo is forecast to bring in $2.3bn in United States digital ad sales this year, and AOL is expected to generate $1.3bn. "All we need to do is take more than our fair share in the market, and this ( Yahoo ) will be a success for us". Total postpaid device activations were 9.5 million in the quarter, down 4.3% sequentially and almost 16.2% on a year-over-year basis. (more...)
Saving money: five ways to enjoy life without breaking the bank Saving money: five ways to enjoy life without breaking the bank
- July 26, 2016

But there are a number of ways to avoid money troubles – whether that’s by simply cutting back on spending or bulk-buying certain items on the cheap. 10 ways is just one of the many groups that tries to help people to spend less by promoting the latest deals and offers on various goods. From feather dusters to chocolate milkshake, you will find yourself engrossed in some of the best offers on the internet. (more...)
Woolworths To Close 27 Stores And Cut 500 Jobs Woolworths To Close 27 Stores And Cut 500 Jobs
- July 26, 2016

Woolworths Limited Chief Executive Officer, Brad Banducci , said in a statement on Monday that the restructure was part of his plan to "improve our culture and rebuild momentum". The company would not comment on the locations of the stores to be shut but said they were predominantly older outlets that were either "loss-making or in the bottom quartile" of sales per square metre. (more...)
Boos, jeers as Democratic convention opens
- July 26, 2016

The FBI said it is investigating how thousands of Democratic emails ended up in the hands of WikiLeaks, which released them last Friday. We've seen Bernie Sanders supporters waving the Bernie Sanders flag in Philadelphia ahead of the DNC. (more...)
How the Dow Jones industrial average fared on Monday How the Dow Jones industrial average fared on Monday
- July 26, 2016

Crude oil settled at a three-month low on Monday on an expected decline in USA refinery activity. The energy index fell 1.7 per cent, making it the worst performer among the 10 major S&P indices that were trading lower. U.S. telecom carrier Verizon Communications announced on Monday that it will acquire USA technology company Yahoo's operating business for approximately $4.83 billion in cash. (more...)
SoftBank to buy iPhone chip maker ARM
- July 25, 2016

Components based on technology licensed by ARM are found in the vast majority of the world's smartphones, and the Cambridge-based group has branched into other connected devices as smartphone growth slows. "Just three weeks after the referendum decision, it shows that Britain has lost none of its allure to global investors", Hammond said. The deal, SoftBank's largest to date, marks a departure for the Japanese group, whose tech and telecoms portfolio ranges from USA carrier Sprint to a ... (more...)
Canadian city gets backup water supply ready after oil spill
- July 25, 2016

The company had shut down the line and put out booms across the North Saskatchewan River about 40 kilometers upstream from North Battleford. "We are about 4.5 times more likely to have a spill from oil on a rail auto than on a pipeline". It could be weeks before the cause of the leak itself is known, said Husky officials. Husky ranks in the top quartile among integrated oil companies for a three-year average oil spill rate relative to crude produced, Bloomberg Intelligence analysts Gregory ... (more...)
Solar Plane On Last Leg Of World Tour Solar Plane On Last Leg Of World Tour
- July 25, 2016

A solar-powered plane has left Egypt on the last leg of the first ever fuel-free flight around the globe. Hasan Al Redaini, the UAE representative escorting Solar Impulse 2 on its round-the-world trip, added: "Abu Dhabi has been a natural partner of the Solar Impulse project, which has captured the imagination of millions people and shed new light on renewable energy as a viable technology". (more...)
Why the Pokemon-McDonald's deal in Japan could be big Why the Pokemon-McDonald's deal in Japan could be big
- July 24, 2016

Japan is known to be the second-most niche markets of mobile applications, but it didn't make the release any easier. "From today you can go out and find Pokemon to your heart's content. Although I've yet to give it a thorough testing myself, so far it's been spot-on. The game is available for download on Japanese iTunes store as well as on Google Play Japan. (more...)
UK's Hammond may 'reset' policy in Autumn Statement
- July 24, 2016

This is all evidence that our economy is fundamentally strong and well equipped to adapt to the change that will be necessary as we leave the EU. Before becoming Prime Minister, Theresa May had said that the government would no longer seek to reach a surplus by 2020 which was laid down by Hammond's predecessor George Osborne in the Budget earlier this year. (more...)
Ex-KKK leader David Duke registers to run for US Senate
- July 24, 2016

Trump disavowed Duke in March after failing to do so when asked about the hate group leader's support on CNN. The Associated Press reports he's a registered Republican. He described it as "four decades ago in a nonviolent group". Edwards said Duke would have a "hard row to hoe" in the upcoming election but there might be a "niche" for him. (more...)