Finance


Softbank names Rajeev Misra as head of $100 billion tech fund Softbank names Rajeev Misra as head of $100 billion tech fund
- October 15, 2016

SoftBank will invest at least $25 billion into what's provisionally called the SoftBank Vision Fund over the next five years, while Saudi Arabia is weighing putting in at least $45 billion. " We will further accelerate the information revolution by contributing to its development ", said SoftBank chairman and CEO Mayayoshi Son . The fund is surely going to expand SoftBank's footprint worldwide and the vision of Masayoshi Son, its billionaire founder. (more...)
General Electric Company (NYSE:GE) Analyst Review General Electric Company (NYSE:GE) Analyst Review
- October 14, 2016

Insider Transactions: Since May 4, 2016, the stock had 1 buying transaction, and 1 sale for $216,262 net activity. Other equities analysts also recently issued research reports about the stock. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.18%. (more...)
Trader's Round Up: Southwest Airlines Co. (NYSE:LUV) Trader's Round Up: Southwest Airlines Co. (NYSE:LUV)
- October 14, 2016

The price to book (P/B) ratio of the company is 2.21. A number of other equities research analysts also recently weighed in on LUV . The company is slated to report earnings on or around 2016-10-26. The stock of Southwest Airlines Co (NYSE: LUV ) earned "Neutral" rating by JP Morgan on Wednesday, July 27. 5 analysts have suggested the company is a "Hold". (more...)
Verizon says Yahoo hack 'material,' could affect deal Verizon says Yahoo hack 'material,' could affect deal
- October 14, 2016

The deal was expected to close by the end of March 2017. "If they believe that it's not then they'll need to show us that". Verizon Communications plans to close call centers in five states, including NY where the impending loss of hundreds of jobs has drawn sharp rebuke from the Cuomo administration. (more...)
Valuable Price Trends to Observe: General Motors Company (NYSE:GM) Valuable Price Trends to Observe: General Motors Company (NYSE:GM)
- October 13, 2016

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. Ford Motor Company (Ford) is a global automotive and mobility company. Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by $0.08. (more...)
How the Dow Jones industrial average fared on Wednesday
- October 13, 2016

The S&P 500 is down 14.56 points, or 0.7 percent. The Standard & Poor's 500 index gained 12 points, or 0.6 percent, to 2,166. "As American companies continue issuing debt in a low interest-rate environment, it is becoming increasingly important for investors to have access to robust information on the USA corporate bond market that offers sophisticated insights into its behavior". (more...)
United States dollar climbs ahead of Fed minutes United States dollar climbs ahead of Fed minutes
- October 13, 2016

THE QUOTE: "After resisting the sell-off in bonds and rising yields for almost two weeks, US equity markets finally bowed to pressure last night, dropping below the recent trading range", Ric Spooner, chief market analyst for CMC Markets, said in a commentary. (more...)
RBS denies deliberately forcing small businesses to collapse RBS denies deliberately forcing small businesses to collapse
- October 13, 2016

The policy, known internally in the bank as "dash for cash" meant that staff could enhance their bonuses by seemingly appearing to help firms in debt but working behind the scenes to grab their assets on the cheap and push them further into trouble. (more...)
Warriena Wright fell to death 'trying to escape Tinder date' Warriena Wright fell to death 'trying to escape Tinder date'
- October 13, 2016

Tostee allegedly strangled Wright and was recorded saying he would "chuck her" from his balcony before she attempted to escape and fell to her death. Gable Tostee arrives in court today. "It wasn't long after that she fell straight past where I was standing on the balcony, she ricocheted off a few balconies below", Mr Casey said. (more...)
Trump claims Clinton wants to end mining jobs Trump claims Clinton wants to end mining jobs
- October 12, 2016

The former senator said, "I also want to be sure we don't leave people behind", meaning coal miners and their communities. If we don't have coal the power plants can't operate and we will be without lights and heat. The Energy Information Administration projects the USA has about 250 years worth of coal. Domestic oil and gas production have increased steadily during President Obama's time in office. (more...)
Eagles' Lane Johnson's appeal fails, suspension begins immediately Eagles' Lane Johnson's appeal fails, suspension begins immediately
- October 12, 2016

The Eagles will be without their starting right tackle for the next 10 games. With the suspension beginning immediately, Johnson will be eligible to return to action for the final two regular season games, and any playoff games should the Eagles manage to reach the postseason. (more...)
Another 1000 jobs to go at troubled Deutsche Bank
- October 12, 2016

Deutsche Bank, whose shares were 1.2 percent higher at 0930 GMT, declined to comment. Deutsche Bank's American depositary shares rose 1.1% on Wednesday in NY. "The German government is in a very good position to bail out the bank in terms of its public finances". The second source said, however, that Qatar's continued involvement in the bank would be under the condition that it resumed focusing on its daily business and did not lose more market share in key businesses such as investment ... (more...)
Facebook paid £4.2m United Kingdom corporation tax in 2015, accounts show Facebook paid £4.2m United Kingdom corporation tax in 2015, accounts show
- October 11, 2016

The accounts show that Facebook UK made a loss of £52.5m before tax for 2015, on sales of £210.7m. The social network posted taxable profit for the year to 31 December of about £20m, on which it paid tax at the standard corporation tax rate. (more...)
Russia says U.S. statement on Syria amounts to supporting terrorism: agencies
- October 11, 2016

When journalists asked about possible consequences should Russian Federation continue its military actions in Syria , Kirby stated that the civil war in Syria would continue. Deputy Foreign Minister Sergei Ryabkov said there had been "an emotional breakdown amid the inability of the Obama administration to implement its part of the agreements" on Syria, Russia's Tass news agency reported. (more...)
Warren Buffett responds to Donald Trump's tax comments
- October 11, 2016

Trump has not made his tax returns public, although a New York Times story said that based on a partial copy of a past tax return, Trump reported a $916 million loss one year and likely hadn't paid federal income taxes for as many as 18 years. (more...)
International Olympic Committee seeks to reform anti-doping with 'more robust' WADA International Olympic Committee seeks to reform anti-doping with 'more robust' WADA
- October 10, 2016

A three-page statement issued after the summit made no mention of Russian Federation or the scandal. The plans were agreed at an International Olympic Committee summit in Lausanne on Saturday focusing on the fight against doping. The IOC promises to increase WADA funding following the successful implementation of reforms in the agency. "The IOC has taken some steps in the right direction - but other steps are needed urgently", it said. (more...)
Mobile Galaxy Note 7 Replacement Released Again After Recall
- October 10, 2016

Klering also claims that Samsung requested to take possession of the charred phone a request that he did not agree to. There is a lot of curiosity regarding Samsung's new Galaxy smartphone, especially after the Note 7 fiasco that had happened last month. (more...)
Germany flying, England misfiring in World Cup qualifying
- October 10, 2016

Germany enter the fray this week looking to make it back to back wins in Group C of the European World Cup qualifying stages, following their 3-0 victory over Norway last month. Daniel Sturridge's header from Jordan Henderson's cross, and Dele Alli's strike in the first half sealed it, but England lacked dynamism and urgency up front, especially in the second half. (more...)
Global Gambling Powerhouse…Amaya & William Hill enter 'all-stock' merger talks Global Gambling Powerhouse…Amaya & William Hill enter 'all-stock' merger talks
- October 10, 2016

Subsequently, Amaya has also suffered from its own leadership conflict with its former CEO David Baazov being charged with multiple cases of insider trading by the Quebec Securities Regulatory Authority (AMF ) this March. William Hill has been without a permanent chief executive since James Henderson was ousted in July, but it still managed to fight off an unsolicited takeover bid from rivals 888 Holdings and Rank Group in August. (more...)
Wells Fargo CEO blames employees, not company culture, for scandal Wells Fargo CEO blames employees, not company culture, for scandal
- October 09, 2016

Times article about the scandal was published in December 21, 2013". Throughout the 4-hour hearing, Stumpf relentlessly defended the Wells Fargo brand and its 268,000 employees who he says do the right thing every day to serve the customers' best interest. (more...)
The British Pound Hasn't Traded This Low Since 1985
- October 09, 2016

And Davis today said: "We will set about making sure that the things that people are worrying about like passporting are resolved, there's no question there". "We have the right time zone, we have the right language and we have the right place on the map", she said. Britain could be heading for a "hard Brexit" from the EU, Theresa May has indicated. (more...)
NOLA-shot 'Deepwater Horizon' finishes second to 'Miss Peregrine' at box office NOLA-shot 'Deepwater Horizon' finishes second to 'Miss Peregrine' at box office
- October 09, 2016

Miss Peregrine's Home for Peculiar Children stars Eva Green , Asa Butterfield , Chris O'Dowd, Ella Purnell, Allison Janney, Rupert Everett, Terence Stamp, with Judi Dench and Samuel L. Overall the weekend saw an uptick from last weekend, but was still down compared to last year with the top twelve generating an estimated $106.4 million compared to last year's $142.7 million, which was led by The Martian's $54.3 million debut. (more...)
Marvel and Netflix Announce Iron Fist Release Date
- October 09, 2016

This will lead up to the teaming of the main characters in Marvel's The Defenders. Marvel's Daredevil, Marvel's Jessica Jones and Marvel's Luke Cage are all now available. Netflix not only revealed the date in a teaser video, it showed a first look at Finn Jones' Danny Rand/Iron Fist using his fists. The fifth new series from Marvel and Netflix recently began filming in New York City, with Jon Bernthal reprising his role as The Punisher for an upcoming solo series. (more...)
Gap Inc announces sales results for the month of September, shares up Gap Inc announces sales results for the month of September, shares up
- October 09, 2016

Analysts at The Buckingham Research Group on Friday made note of these positive outcomes, adding that Old Navy's performance indicates that the retail environment improved in September. The company's Market Capitalization is $9.39 billion with the total Outstanding Shares of 398.48 million. Gap Inc .'s comparable sales for September 2016 were down 3 percent as compared to a 1 percent decrease past year. (more...)
Qatar Airways to buy 100 Boeing planes for up to $18.6 bn Qatar Airways to buy 100 Boeing planes for up to $18.6 bn
- October 08, 2016

As part of the order, Qatar Airways also signed a letter of intent for 60 737 MAX 8s, valued at $6.9 billion. "The contract for the 737 marks the first time Qatar Airways has ordered single-aisle planes from Boeing in more than 15 years, the companies said". (more...)