Finance


GOP Sen. Susan Collins Says She Can't Support Donald Trump
- August 10, 2016

From the New York Times : "Mr. Trump chose Detroit as his backdrop, and his speech - though interrupted frequently by protesters - was clearly chosen to appeal to the working-class Americans who are at the center of his political strategy". (more...)
Disney's Q3 income up 5% on theme parks, film studio gains
- August 10, 2016

The company also reported a minority stake in BAMTech, a video streaming provider previously formed by Major League Baseball. Norges Bank acquired a new position in The Walt Disney during the fourth quarter valued at $1,509,386,000. Over the a year ago, investors have been concerned about the lack of subscriber growth at ESPN, the crown jewel of Disney's media networks unit. Yet ESPN continued to lose subscribers. (more...)
Tesla loss grows as it falls short of sales goals
- August 10, 2016

On the other hand, Tesla is reporting a second quarter loss of $150 million or $1.06 per share. Total revenue rose 33 per cent to $US1.27 billion in the quarter ended June 30. TSLA closed Wednesday's trading at $225.79, down $1.41 or -0.62%, on the Nasdaq. Its cash or cash equivalents are now at $3.25 billion, buoyed by the secondary stock offering of $1.7 billion this May and deposits on about 373,00 Model 3 orders. (more...)
Posh crisp maker Tyrrells snapped up by Amplify Snack Brands for £300m Posh crisp maker Tyrrells snapped up by Amplify Snack Brands for £300m
- August 10, 2016

The deal is an entry into the European market for Amplify Snack Brands, and is the company's largest deal to date. Sales and pre-tax earnings have more than doubled, and employee numbers have grown by over 70% globally. In May, Tyrrells bought a German organic crisp maker as part of its ambition to become the "biggest premium snack brand in the world". "Together we plan to capitalise on each company's market leadership and sales force capabilities to drive higher revenue growth than either ... (more...)
Clinton to follow Trump with economic speech in Detroit Clinton to follow Trump with economic speech in Detroit
- August 09, 2016

Trump proposed drastically reducing federal income tax rates to 10%, 20% and 25% - a proposal that nonpartisan groups assessed would add trillions of dollars to the national debt. But Gingrich said paring government regulations would spur economic growth, bringing in revenue to compensate for tax cuts. His plan calls for reducing the number of tax brackets down to three. (more...)
Brazil held to second straight goalless draw at Olympics
- August 09, 2016

If Brazil's opening draw with South Africa in the opener of the 2016 Rio Olympics was shocking, then Sunday's result against Iraq reached another threshold. In other men's preliminary action on Sunday, Mexico , who tied Germany 2-2 in a rain-soaked thriller in Salvador in its first match, takes on Fiji , the tiny nation from Oceania. (more...)
Airbus investigated in Serious Fraud Office inquiry into third-party consultants
- August 09, 2016

Britain has opened a criminal investigation against the Airbus group , on suspicion of corruption, said Sunday the British body responsible for the fight against corruption, called Serious Fraud Office (SFO). The European aircraft maker said it was co-operating with investigators from the United Kingdom law enforcement agency. French and German agencies have also halted the plane-maker's export credits, which support deliveries to airlines with limited access to commercial funds.This ... (more...)
Barclays Bank reaches settlement in United States over interest rates Barclays Bank reaches settlement in United States over interest rates
- August 09, 2016

Its the first lender to settle state probes into false rate submissions that inflated borrowing costs linked to the London and US dollar interbank offered rates. Barclays in 2012 pleaded guilty to rate manipulation and agreed to pay $453 million to British and U.S. authorities. Second, at various times from 2005 to 2007 and continuing at least into 2009, Barclays' traders asked Barclays' LIBOR submitters to change their LIBOR settings in order to benefit their trading positions, and the ... (more...)
Serena Williams wins Rio opener; 1st match since Wimbledon Serena Williams wins Rio opener; 1st match since Wimbledon
- August 08, 2016

Serena , the gold medal victor at London 2012, suddenly adopted that "I'd rather be anywhere else" attitude, mooching around the court with a long face, muttering in the direction of the match referee about the conditions. Serena , whose sister Venus, gold medal victor back in 2000 in Sydney, had surprisingly been eliminated on Saturday by Kirsten Flipkens of Belgium, closed out the second set with much more ease than she won the first as the wind dropped. (more...)
Thailand's Tanasan tops Asian Olympic podium sweep in women's lifting Thailand's Tanasan tops Asian Olympic podium sweep in women's lifting
- August 08, 2016

After Tanasan managed a best of 108kg in the clean-and-jerk, Agustiani was left to make two attempts at 115kg to beat her, but it was more than she can manage. "I dedicate the medal to our king. It's kind of surreal". Pint-sized Sopita, a regular lifter in the 53kg class, took full advantage of the withdrawal through injury this week of hot Chinese favourite Hou Zhihui to win easily. (more...)
Wisma Putra: Malaysians on board Emirates plane still in emergency response room
- August 08, 2016

Emirates chairman Ahmed Bin Saeed Al Maktoum praised the quick response and professionalism of the airline crew. Footage posted online showed flames bursting out of the front of the Boeing 777-300. But a number of Kerala passengers inside Emirates flight EK521 thought the other way round and wasted time to pull out bags. Dubai Airports apologises to all our passengers for the inconvenience resulting from the disruption and would like to assure them that we are doing everything in our ... (more...)
NIH Reveals Plan to Fund Human-Animal Chimeras NIH Reveals Plan to Fund Human-Animal Chimeras
- August 08, 2016

The NIH's plan will most likely go into effect in the fall - perhaps with some modifications - after a 30-day comment period now open to the public and researchers. "This is a pretty crude procedure". First, they wanted to know if they had isolated new types of stem cells - ones that could turn into any type of tissue or organ. (more...)
US Economy Adds 255000 Jobs In July, Unemployment Rate Stays At 4.9%
- August 08, 2016

Security software rival Symantec disclosed a larger profit and better sales than expected in its fiscal first quarter, and its full-year profit forecast was stronger than expected. That churn helps the economy grow, as successful companies expand and unproductive ones shrink, Alan Chamberlain, the chief economist for Glassdoor.com, says. (more...)
US women defeat France 1-0 in Group G play US women defeat France 1-0 in Group G play
- August 08, 2016

US goalkeeper Hope Solo , despite being heartily booed by the crowd, was the star for most of the match, keeping France contained despite several chances. The game marks the first Olympic start for Dunn and Engen, as well as their first start in a world championship tournament at the senior level. In the end, it added up to the top-ranked United States' 13th consecutive victory as the Americans hold a 17-2-1 record over France . (more...)
Skinner braves wind, technical issues to win Olympic gold Skinner braves wind, technical issues to win Olympic gold
- August 08, 2016

Skinner hit 14 of 15 shots in the first stage of the finals to earn a spot in the gold medal match. Corey Cogdell won bronze in a shoot-off for the United States of America against Spain's Fatima Galvez after tying their match 13-13. "It is really relaxing seeing a familiar face there", Skinner said of Rooney. "I've been there before where I have fallen to pieces, so it's all a learning curve and thankfully it's paid off - I've got the medal!" the 26-year-old chemical engineer said. (more...)
US adds a robust 255K jobs; unemployment stays 4.9 pct US adds a robust 255K jobs; unemployment stays 4.9 pct
- August 07, 2016

A greater proportion of adults now either have a job or are looking for one, a positive sign that the economy continues to heal seven years into its recovery from the Great Recession. Its stock picked up $4.31, or 5 percent, to $89.85. And Barclays Economist Jesse Hurwitz wrote in a note to clients, "With job gains back near the cycle average of 200k, we now see lower recession risk for the United States over the next 12 months". (more...)
United States crude oil remains below Sh4,000 as oversupply still weighs
- August 07, 2016

Oil prices have fallen by 20% in the past two months as refineries produce more gasoline and other petroleum products but they have failed to make a dent in reducing excess supply of crude, Bloomberg reports. Merrill Lynch of Bank of America predicts oil prices to go above $50 a barrels by the end of the year in an interview with Bloomberg Television. Brent crude, the global benchmark, rose 1.14 per cent to $42.62 per barrel in late morning trading. (more...)
Obama denies $400M payment to Iran was ransom
- August 06, 2016

The day before, Tehran freed four Americans, and on the same weekend the U.N. lifted sanctions imposed on the nation as part of the Iran nuclear deal. "And it is heartbreaking", Mr Obama said. Senior Republicans, including House Majority Leader Kevin McCarthy of California and Senate Armed Services Chairman John McCain of Arizona, on Wednesday blistered the Obama administration for handing over what they called a ransom payment. (more...)
Health insurer Aetna backs off ACA expansion plans
- August 06, 2016

Also this week, Aetna unveiled a deal to sell $117 million worth of assets to Molina Healthcare if it completes a $35 billion merger with Humana . It is also re-evaluating its participation on the 15 state exchanges where it offers insurance, the company said while releasing second-quarter earnings. (more...)
Parents sue over crash that killed 'Star Trek' actor Yelchin
- August 06, 2016

As the Inquisitr stated, Fiat Chrysler is the company that makes the Jeep Grand Cherokee, which rolled down Yelchin's driveway and pinned the actor against his security gate and a pillar. "FCA US LLC extends its sympathies to the Yelchin family for their tragic loss", the carmaker said in a statement. Anton Yelchin died in June after his 2015 Jeep Grand Cherokee crushed him in his driveway, authorities said. (more...)
Shoppers get 3-day break from Ohio sales tax starting Friday
- August 06, 2016

This year, families with children in grades K-12 plan to spend an average $673.57 on apparel , electronics, shoes and school supplies while back-to-school shopping, according to a survey by the National Retail Federation. - What happens if the total sales price of an item is $100 or more when shipping is added? The annual tax-free holiday has been reduced from 10 days to three, running from August 5-7. (more...)
North Korea fires missile again, South Korea says
- August 05, 2016

Political tensions in Asia have been stirred by the recent Hague ruling against China over economic activity in the South China Sea and by the upcoming USA presidential election. This latest missile launch is said to be the 32nd since Mr Kim Jong Un came to power in North Korea in 2011. An underwater test-fire of strategic submarine ballistic missile is pictured in this undated photo released by North Korea's Korean Central News Agency. (more...)
India Lawmakers OK Transformational Tax Reform
- August 05, 2016

We will have to analyse the tax devolution between the centre and states. The Centre can impose a central GST (CGST), and the states will be able to levy state GST (SGST). However, there are certain differences in the GST Bill 2014 and the proposed 2016 amendments as certain official amendments were circulated to the 2014 Bill on 1 August 2016. (more...)
Let's try this again: Has the Apple Watch's time finally come?
- August 05, 2016

It's pretty safe to assume that Apple is now in the process of producing pretty large quantities of the iPhone 7 and iPhone 7 Plus. As you can see in the video, the supposed iPhone 7 prototype looks exactly like the mockups we've seen time and time again. (more...)
BJP body to decide on Anandiben's successor BJP body to decide on Anandiben's successor
- August 05, 2016

BJP Gujarat in-charge Dinesh Sharma told reporters in Gandhinagar that Anandiben's successor would be decided at a meeting of the BJP Legislature Party after national president Amit Shah flies down there to oversee the transition. Reportedly, the party's board will meet at 9 am at 7, Race Course Road, PM Narendra Modi's official residence. "Anandiben Patel has been asked to resign after being blamed for everything that went wrong in the state". (more...)