Finance


Chipotle Jumps Late On 9.9% Pershing Square Stake
- September 08, 2016

The Calgary-based company (CP.TO) says Bill Ackman resigned Tuesday after more than four years on the board. He also took a massive short position against Herbalife , a nutritional supplement company he declared a ponzi scheme. A stake of almost 10 percent would make Pershing Square the second-largest investor in Chipotle , according to data compiled by Bloomberg. Still, a new position was expected following Pershing Square's decision to close the remainder of its stake in Canadian ... (more...)
Gary Johnson receives virtually no coverage on network news
- September 08, 2016

But its editors wrote that 2016 is the year to break the binary system, especially as controversy swirls around both major party candidates. But Trump's advantage over Clinton in the poll actually widened slightly when Johnson was included, from 5 points to 7 points. (more...)
Pope Francis declares Mother Teresa a saint and model of mercy
- September 08, 2016

The canonization was the highlight of Francis' Holy Year of Mercy and may come to define his papacy, which has been dedicated to ministering to society's most marginal, from prisoners to prostitutes, the refugees and the homeless. With two Church confirmed miracles in tow, the requirements for sainthood were met, but not everyone is convinced. That her work lives on through the Missionaries of Charity the worldwide group of sisters who dedicate their lives to the charitable work inspired ... (more...)
Apple says several billion dollars set aside for US taxes
- September 07, 2016

Tim Cook strongly disputed the Commission's claims in an interview with RTE's breakfast radio show, Morning Ireland. To borrow a phrase, what a load of political crap. "At a worldwide level, Apple pays income tax of 26.1pc", he said. "Some people would say that that should be higher and some might say it should be lower. (more...)
Congress Returns To Washington, With A Full Agenda 03:41 Congress Returns To Washington, With A Full Agenda 03:41
- September 07, 2016

Republicans controlling Congress promise they won't stumble now, but the weeks ahead could prove tricky. "It's hard to explain why despite their own calls for funding Senate Democrats chose to block a bill that could help keep pregnant women and babies safer from Zika", said Senate Minority Leader Mitch McConnell, R-Ky. (more...)
Stocks mostly rise as attention turns to central banks Stocks mostly rise as attention turns to central banks
- September 07, 2016

Crude oil futures fell in Asian trade, Benchmark Brent was trading 0.79% lower at $46.46 a barrel, while USA crude futures were down 0.72%, or $0.32, at $44.12. "That said, we should not hesitate to go ahead with (additional easing) as long as it is necessary". The fall was unexpected as the initial estimate for August was 53.3 and has stoked speculation that the European Central Bank will enact a further stimulus on Thursday at its regular policy meeting. (more...)
Weaker August job numbers likely put Fed rate hike on hold Weaker August job numbers likely put Fed rate hike on hold
- September 07, 2016

However, Friday's disappointing employment numbers dampened those expectations. Average monthly hiring over the past three months was close to the figure prior to the rate increase last December, suggesting little change in the labour-market trend, Naoto Ono, an analyst in Tokyo at Ueda Harlow Ltd, which provides margin-trading services, wrote in a note to clients. (more...)
Tim Cook on European Union tax ruling: 'It is total political crap' Tim Cook on European Union tax ruling: 'It is total political crap'
- September 06, 2016

In 2003 they only paid about 1% of their profits in taxes and in 2014 only 0.005%. "It's total political crap". I have no idea where the number came from. Cook added that his company "has nothing to apologize" for and that the Irish government had "done absolutely nothing wrong", saying that Dublin was being "picked on". (more...)
Serena Dismisses Larsson to Reach US Open Round of 16
- September 06, 2016

The number of accomplishments Williams continues to accumulate are becoming so numbing it makes you wonder whether she is appreciated enough for what she's done - and continues to keep doing. Open. After her latest win and breaking the record, Serena told the media, "Wow". "The further in the draw she is coming, the more players have also played her more often, so they know a little bit more what to expect and have probably played on the Center Court with this surface". (more...)
M&S to cut 500 head-office jobs next week M&S to cut 500 head-office jobs next week
- September 06, 2016

It also plans to move 400 jobs in IT and logistics outside the capital. M&S's announcement - which will affect head office rather than shop floor staff - may threaten to further strain relations with employees after a public row over pay and conditions. (more...)
French Government to dismantle Calais 'Jungle' French Government to dismantle Calais 'Jungle'
- September 06, 2016

ITV News Shopkeepers, police, unionists and farmers will join in the protest over the makeshift camp. The state says some 7000 refugees are living in the camp, known as "the jungle", while aid groups have put the number at more than 9000. (more...)
Samsung Launches Exchange Program For The Galaxy Note 7
- September 05, 2016

In an emailed statement, Samsung India spokesperson said, "We are now conducting a thorough inspection with our suppliers to identify possible affected batteries in the market". Samsung announced that replacement phones will be available from service centers starting the 19th of September in Korea, while in the other 9 overseas markets where the Note 7 has also been launched, the date will depend on each country. (more...)
Duterte declares 'state of lawlessness' after bomb kills 14 Duterte declares 'state of lawlessness' after bomb kills 14
- September 05, 2016

Standing near the explosion site on Roxas Avenue in Davao , Duterte told PNA: "We have to confront the ugly head of terrorism ". The explosion, which also wounded more than 60 people, appeared to have been caused by a bomb set off at a market near a hotel frequented by the president. (more...)
ED attaches Vijay Mallya's assets worth Rs6,630 crore ED attaches Vijay Mallya's assets worth Rs6,630 crore
- September 05, 2016

Shares worth Rs 3,000 crore, of United Breweries Limited and United Spirits Limited which are companies owned by Mallya has also been attached. The Enforcement Directorateis investigating two separate money laundering cases against Mallya and others where they allegedly defrauded banks after defaulting loan payment. (more...)
State Health Insurance Rates To See Increase State Health Insurance Rates To See Increase
- September 04, 2016

In a letter sent Friday to Health and Human Services Secretary Sylvia Matthews Burwell, Malloy stressed how he's disappointed the rate increases must occur and that it's "imperative that further action is taken at the federal level to stabilize rates". (more...)
How to get a Reliance Jio SIM -Know here How to get a Reliance Jio SIM -Know here
- September 04, 2016

In effect, the announcements on Thursday point to a commercial launch from January 1 next year even though no specific mention was made in this regard. Reacting to the Jio plan, Bharti Airtel said: "We welcome Reliance Jio's entry to the digital world and wish them the very best". "We are also working to create digital entrepreneurship hubs in key cities and towns of India". (more...)
Ireland, Apple to jointly fight European Union tax ruling
- September 04, 2016

Customers who buy these products in the geographical regions listed buy them contractually from Apple Sales International, and not from the sales outlets in these regions. As Kleinbard says of Apple: "They put as much energy into tax avoidance policies as they did into industrial design". Any company would kill for an arrangement like this. (more...)
US hiring slows to 151K jobs in August; Fed hike less likely
- September 03, 2016

In contrast, most goods-producing industries shed jobs. The state of the USA economy and even more importantly, the state of the U.S. labor market is the key to the golden gridlock of the future interest rates path of the Federal Reserve (Fed). (more...)
Samsung recalls Galaxy Note 7 after battery explosions
- September 03, 2016

The world's largest mobile phone maker may well be on its way to recall the already sold Note 7 models that were launched in markets including the US and South Korea, mid last month, however an official statement to this effect is yet to be issued. (more...)
Explosion rocks SpaceX launch site in Florida during test Explosion rocks SpaceX launch site in Florida during test
- September 03, 2016

The large blast shook the launch pad leased by SpaceX at Cape Canaveral Air Force Station just after 9 a.m. ET. Uzi Rubin, former chief of Israel's missile defense program, said that rocket launches are never foolproof, but that it's uncommon to have a mishap such as the SpaceX explosion during launch preparations. (more...)
Case stronger now for interest rate hike: US Federal Reserve
- September 02, 2016

The Dow Jones industrial average fell 53.01 points, or 0.3 percent, to 18,395.40. Against the Swiss franc, the dollar gained 1.2 percent to 0.9788 franc, while the euro fell 0.9 percent to $1.1180. BOND REACTION: U.S. government bond prices rose slightly following Yellen's speech, suggesting investors aren't anxious about rates increasing soon. (more...)
Campbell Soup Company (NYSE:CPB) Reports Dividend Payout Campbell Soup Company (NYSE:CPB) Reports Dividend Payout
- September 02, 2016

Excluding items, Campbell Soup earned 46 cents per share, below analysts average estimate of 50 cents, according to Thomson Reuters I/B/E/S. Company latest quarter ended on 30 Jun 2016, company announced earnings of $0.72. The company said it took the charge to reduce the "carrying value" of the intangible assets of its Bolthouse Farms carrot and carrot ingredients unit. (more...)
Tesla planning upgrade to semi-autonomous Autopilot system Tesla planning upgrade to semi-autonomous Autopilot system
- September 02, 2016

Therefore it was of utter importance that Elon Musk and his company managed to tweak the batteries and change the mile range from 200+ miles to just over 300 miles. The system is checking if the driver is aware and pays attention to traffic. On Twitter he said that the square-shaped steering wheel won't make it through to production and that the steering controls (e.g. (more...)
More than a million Indian workers to go on strike on Friday More than a million Indian workers to go on strike on Friday
- September 02, 2016

The only relief or face-saver for the Centre is that, the Sangh-affiliated BMS is staying away from the shutdown on the ground that many of its demands have been met. "In view of the utterly unresponsive and undemocratic attitude of the government, the CTUs view the announcements made by the Committee of Ministers as an eyewash and have chose to go ahead with the strike". (more...)
New Drone Rules Expected to Generate Billions for US
- September 02, 2016

One aspect of the new rules states that an aircraft may not operate over any persons not directly participating in the operation, but that is poised to change. Applicants will then receive instructions for printing a temporary airman certificate, which is good for 120 days. Now anyone older than 16 can just take an aeronautical knowledge test at FAA-approved facility and pass a background check to qualify for a remote pilot certificate. (more...)