Finance


Valeant sells $2B in assets to begin paying down debt
- January 11, 2017

The Sanpower transaction gives the Chinese company control over Provenge, an immunotherapy treatment for prostate cancer that is the unit's only commercialised medicine. (NYSE:AGO) is 1.80 while company weekly performance is 1.85%. The company announced positive results from a second confirmatory pivotal Phase 3 clinical study to assess the safety and efficacy of IDP-118 (halobetasol propionate and tazarotene) lotion in the treatment of plaque psoriasis. (more...)
Yahoo is changing its name to Altaba- true or false?
- January 11, 2017

Venture Beat also reports that shares in Yahoo were up today 0.27 percent to close at $41.34 per share, while Verizon's were down 1.09 percent at $52.68. According to a filing to the SEC, should Verizon to continue with its takeover plans, the remains of Yahoo will undergo a rebrand to Altaba . (more...)
Housing.com to merge with Prop Tiger Housing.com to merge with Prop Tiger
- January 11, 2017

REA Group Limited , an Australian real estate firm owned by News Corp, is investing $50 million in the joint entity, according to the statement. "The three will come under a single legal entity", Dhruv Agarwala, CEO of PropTiger and Jason Kothari, CEO of Housing told Moneycontrol. (more...)
Female cop shot dead, manhunt for suspect Female cop shot dead, manhunt for suspect
- January 11, 2017

Clayton, a 17-year-veteran of the Orlando Police Department, was taken to Orlando Regional Medical Center, but did not survive, police said . "The Orlando Police Department family is heartbroken today", OPD tweeted , along with video of a flag-draped casket. (more...)
The best new TVs announced at CES 2017 The best new TVs announced at CES 2017
- January 10, 2017

Sony is embracing OLED at CES with its new lineup of slim 4K HDR OLED TVs , dubbed the Bravia A1E Series. But before you go harping about OLED's shortcomings here, LG made this year's crop of OLED panels 25 percent brighter than last year's models. (more...)
Uber Unveils 'Movement' Tool To Help City Planners Better Analyze Traffic Patterns
- January 10, 2017

The San Francisco company believes that information will enable city officials to make better planning decisions about road closures and transportation improvements. The D.C. -specific data is historical, and shows (using data from anonymous GPS) how the region's 30,000 (or so) Uber drivers and their riders are traversing the city. (more...)
Kalyan Krishnamurthy appointed Flipkart's new CEO, Binny Bansal named 'Group CEO'
- January 10, 2017

Flipkart's fashion division Mynta-Jabong CEO Ananth Narayanan and payments division PhonePe CEO Sameer Nigam now hold their office as designated. This latest managerial restructuring comes in just a year later after Binny Bansal took over office as the CEO and co-founder Sachin Bansal moved on as Group Executive Chairman. (more...)
GMC reveals more compact, redesigned Terrain SUV GMC reveals more compact, redesigned Terrain SUV
- January 10, 2017

As one of GMC's teaser images suggested, the 2018 Terrain will feature an expanded center consule with underneath pass-through storage, ideal for stowing tablets or bags. Technologies include a 7- or 8-inch touchscreen infotainment system, a Bose sound system, as well as numerous safety options. Finally, the GMC Terrain comes with an impressive list of safety features, including Surround Vision, Forward Collision Alert with Following Distance Indicator, Low-Speed Forward Automatic ... (more...)
Trump Praises Fiat Chrysler for Plans to Invest in Michigan, Ohio Plants
- January 10, 2017

Fiat Chrysler plans to create some two-thousand new jobs in OH and MI. Trump took to Twitter Monday to thank Ford for expanding its plant in MI and canceling plans to open a new factory in Mexico. The Jeep Grand Wagoneer is set to be a premium seven-seat SUV that would sit above the current Jeep Grand Cherokee and go head-to-head with the likes of the Land Rover Discovery. (more...)
Fuel bunks to accept only cash from Monday
- January 09, 2017

He was referring to the government's announcement that consumers who purchase fuel through cashless means will get 0.75% cashback. The threat of petrol pump owners to reject card payments would have been an embarrassment for the Modi government which has been tom tomming increase in cashless transactions as a major achievement of demonetisation. (more...)
BJP distances itself from Sakshi Maharaj's population control remark BJP distances itself from Sakshi Maharaj's population control remark
- January 09, 2017

Attending an event organised to inaugurate a temple at Meerut in Uttar Pradesh, he told CNN-News18: "Population is increased by those who support the concept of four wives and 40 children". Lalu also said some people in the country were continuously making controversial statements with an aim to disturb the cohesive environment. I would urge BJP to stop such things. (more...)
BJP's national executive meet: Narendra Modi to give valedictory speech
- January 09, 2017

Shah, according to Javadekar, said the party was going to the state polls on a confident note, taking into account that the BJP had won 8,000 of the 10,000 seats in the civic polls held recently in Gujarat, Chhattisgarh, Madhya Pradesh, Rajasthan, Chandigarh and Maharashtra. (more...)
BSP issues second list of 100 more candidates BSP issues second list of 100 more candidates
- January 09, 2017

The Dalit leader alleged that BSP was being dubbed a "casteist" party as part of a political conspiracy. The Election Commission yesterday announced seven-phase polling for 403 assembly constituencies in Uttar Pradesh which will commence on February 11 and conclude on March 8. (more...)
Leading analyst sees sharply higher pump prices in 2017 Leading analyst sees sharply higher pump prices in 2017
- January 08, 2017

Statewide, Colorado's average price was $2.26 on Thursday, up 21 percent from a year earlier, according to AAA. USA motorists are expected to spend $50 billion more to fill their tanks this year as rising oil prices put an end to sub-$2 a gallon gasoline, squeezing consumer finances just as wages begin to rise. (more...)
Boeing announces $8bn GECAS order for 737 MAX 8s Boeing announces $8bn GECAS order for 737 MAX 8s
- January 08, 2017

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The forecasts are typically released with fourth-quarter results. The total included 194 orders worth about $21 billion at list prices for Boeing's 737 MAX. (more...)
Ex-Employee Sues Snapchat, Claims the Company Has Been Faking Growth Numbers
- January 08, 2017

The lawsuit claims that Pompliano was sacked just three weeks after starting work at Snapchat out of fear that his complaints over the company's alleged misrepresentation of metrics might damage Snapchat's upcoming bid to take the company public. (more...)
Trump doubtful as USA spy chiefs to testify on Russian hacking Trump doubtful as USA spy chiefs to testify on Russian hacking
- January 08, 2017

Top U.S. intelligence officials will testify in Congress on Thursday on Russian Federation 's alleged cyber attacks during the 2016 election, as President-elect Donald Trump described himself as a "big fan" of intelligence agencies despite casting doubt on their findings that Moscow orchestrated the hacks. (more...)
Aircel 2G Spectrum Scam: SC Proposes To Cancel Aircel's 2G License Aircel 2G Spectrum Scam: SC Proposes To Cancel Aircel's 2G License
- January 08, 2017

Officials are looking into how telecom firm Aircel was sold to Maxis. It added: "The court made it clear that Krishnan and Marshal would not be permitted to raise any issue of financial loss that they might suffer on account of the proposed cancellation of the 2G licence and spectrum granted to Aircel in November 2006". (more...)
Trump turns Twitter ire to Toyota over Corollas
- January 07, 2017

Trump's campaign slogan during the USA presidential election campaign was "Make America great again", elaborating that one of the key components in his plan was to bring back manufacturing jobs to the US. " Toyota looks forward to collaborate with the Trump Administration in order to serve in the best interests of consumers and the automotive industry", the statement continued. (more...)
Raonic to meet Nadal in the quarterfinals Raonic to meet Nadal in the quarterfinals
- January 07, 2017

Just like his dominant second round win, Nadal took a bit of time to ease into the match before taking control, needing to save a break point in his first service game before turning things around. "He is always going to defend better than me, so I don't want to play him on those terms", Raonic said. I wasn't efficient coming forward. Cornet will now play third-seeded Czech Karolina Pliskova in the final, the first time the 26-year-old from Nice has reached the decider of a Premier Level ... (more...)
Time Warner Shares Drop on Reported Trump Dislike of AT&T Deal Time Warner Shares Drop on Reported Trump Dislike of AT&T Deal
- January 07, 2017

Trump, who has been silent about the transaction for months, told a friend in the last few weeks that he still considers the merger to be a bad deal, Bloomberg reported. Shares of Time Warner have jumped 10% since the election on the theory that Trump's administration will be easier on mergers and acquisitions. It is still not clear whether the deal will have to be submitted to the FCC for a public interest review, though the Justice Department will be looking at it for antitrust issues, ... (more...)
Yuan gains for second day as overnight rates rocket Yuan gains for second day as overnight rates rocket
- January 07, 2017

By 0415 GMT, the currency was trading at 6.9103 to the dollar, down 0.4 percent from late Thursday but about 1 percent up from Tuesday's close, the first trading day of the year. The cryptocurrency price gained more than 40 per cent in two weeks to hit a three-year high of $US1139.89 on Wednesday before plunging up to 20 per cent as the yuan rallied. (more...)
5 dead, 8 injured in Fort Lauderdale airport shooting 5 dead, 8 injured in Fort Lauderdale airport shooting
- January 07, 2017

Nelson says Santiago is 26 years old and hails from New Jersey. "We don't know a motive at this point", Nelson said , adding that Santiago finished three magazines, "and then just sat down". News helicopters hovering over the airport showed crowds of people standing on the tarmac outside, according to the Associated Press . " People were scared and frantically running to avoid being shot". (more...)
Sell-side Target Update on General Motors Company (NYSE:GM) Stock Sell-side Target Update on General Motors Company (NYSE:GM) Stock
- January 07, 2017

The rating takes into consideration a number of factors including potential future earnings growth, analyst sentiment as well as company fundamentals. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/01/06/general-motors-company-gm-given-hold-rating-at-rbc-capital-markets.html. (more...)
Inventory Hike Trumps Supply Drop, Oil Prices Fall Inventory Hike Trumps Supply Drop, Oil Prices Fall
- January 06, 2017

Analysts at Goldman Sachs said even if members of the Organization of the Petroleum Exporting Countries reduced production as promised, there was "only moderate oil spot price upside given the expected supply response to higher oil prices and new production". (more...)