Finance


Gold price up to 13-mth highs, enters bull market Gold price up to 13-mth highs, enters bull market
- March 06, 2016

Adding 150 tonnes since New Year alone, the GLD hasn't grown this fast since global stock markets bottomed - and central-bank QE began - at the depths of the crash following Lehman Brothers' collapse. After having been through the Great Recession, people no longer have faith in paper assets and real estate, and keeping cash in a safe place at home seems so unwise. (more...)
Sports Authority Files For Bankruptcy, Will Close 140 Stores Sports Authority Files For Bankruptcy, Will Close 140 Stores
- March 06, 2016

Circuit City went bankrupt in 2008, followed by Borders in 2011. Company officials have not disclosed which specific locations will be closed. Many big box retailers including Macy's and Walmart have announced store closures amid a fractured retail landscape and the rise of e-commerce. (more...)
SpaceX's Falcon 9 crash lands SpaceX's Falcon 9 crash lands
- March 06, 2016

On its way up, the rocket's first-stage booster separated as planned, turned around and headed toward a platform floating about 400 miles (645 km) off Florida's east coast. Musk wants to retrieve and refly boosters to save time and money. SpaceX made another attempt to recover the Falcon 9 rocket by landing it upright on a barge, or "drone ship", known comically as "Of Course I Still Love You". (more...)
Fox News smacked Donald Trump with hard facts at the GOP debate
- March 06, 2016

Cruz , as he has done for weeks, also attacked Trump for having supported and donated money to Democrats in the past. "I am Ted", Trump shot back, as Cruz taunted him again: "You can do it. Trump at one point referred to his penis size while countering against attacks from Rubio . Rubio defended making "a couple of jokes" at Trump's expense because, Rubio said, Trump has been "personally offending not just everyone in the race but women and minorities and the disabled". (more...)
Cruz, Trump split GOP wins; Sanders, Clinton divide states
- March 06, 2016

In the heated race for the White House, Louisiana fell into step with other Southern states, which have mostly voted for Trump and Clinton. Trump won one state and led in partial results in another, taking another step toward the Republican nomination in the November 8 presidential election on a night when five U.S. (more...)
Super Saturday latest: Cruz wins Republican presidential caucuses in Kansas Super Saturday latest: Cruz wins Republican presidential caucuses in Kansas
- March 06, 2016

That history might favor Cruz but Ed Chervenak, who heads the University of New Orleans Survey Research Center, said Trump has proved he can win in Southern states with evangelical voters: "He's tapped into a level of frustration that transcends religiosity". (more...)
Aubrey McClendon was deal-making to the end Aubrey McClendon was deal-making to the end
- March 06, 2016

The U.S. Justice Department accused him of "withdrawing bids for certain leases and agreeing on the allocation of interests in the leases between conspiring companies". " Oklahoma city  police captain said McClendon was speeding and not wearing a seat belt, but it is too early to tell if the collision was intentional". (more...)
Ex-Chesapeake Energy Corp. CEO dies one day after he's indicted
- March 05, 2016

Oklahoma City police say Aubrey McClendon, former CEO of Chesapeake Energy, died in a single vehicle crash in Oklahoma City Wednesday. The indictment served by the Justice Department late Tuesday accused McClendon, who pioneered the nation's shale-gas and shale-oil revolution, of orchestrating a conspiracy in which two unnamed companies colluded not to bid against each other for several oil and gas leases in northwest Oklahoma between late 2007 and early 2012. (more...)
Apple scores iPhone legal victory that may help in Federal Bureau of Investigation fight Apple scores iPhone legal victory that may help in Federal Bureau of Investigation fight
- March 05, 2016

His reasoning is that such an action would be against Apple's commercial interests, especially since the company had no connection with the iPhone beyond selling it. The FBI wants specialised software that would bypass security protocols on the encrypted phone so investigators can test random passcode combinations in rapid sequence to access its data. (more...)
Russia concerned by North Korea's readiness to use nuclear arms Russia concerned by North Korea's readiness to use nuclear arms
- March 04, 2016

The North's nuclear strike threats and the test-firing of the new multiple launch rocket system came after the U.N. Security Council unanimously adopted the harshest-ever sanctions on Pyongyang for its nuclear and missile tests. Citizens of the capital, Pyongyang, interviewed by The Associated Press on Thursday said they believe their country can fight off any sanctions, in a reflection of official propaganda. (more...)
Brent crude and WTI: Oil prices soar as U.S. output falls again Brent crude and WTI: Oil prices soar as U.S. output falls again
- March 04, 2016

That was much higher than the 2.6 million-barrel expansion estimated by analysts in a Wall Street Journal survey ahead of the official data by the U.S. However, according to OPEC sources and delegates who spoke to Reuters, cuts could come later: "Maybe by the end of the year (a cut could be possible) when it is really clear that Iran is actually producing the volumes they are talking about; but not in June", a Middle Eastern producer said. (more...)
Chesapeake Energy boss Aubrey McClendon dies in auto crash Chesapeake Energy boss Aubrey McClendon dies in auto crash
- March 04, 2016

McClendon was the former CEO of Chesapeake Energy. He had been accused by the Justice Department of conspiracy and collusion relating to the purchase of numerous oil and gas leases between 2007 and early 2012. Even in a business known for bigger-than-life executives, McClendon was a mythical character. "He was always looking for worlds to conquer", said Melvin Moran, Oklahoma oil executive who knew McClendon for years. (more...)
Aubrey McClendon, indicted former CEO and National Basketball Association team co-owner, dead in crash Aubrey McClendon, indicted former CEO and National Basketball Association team co-owner, dead in crash
- March 04, 2016

He was also the former chief executive of Chesapeake Energy, the company that owns the naming rights to the Thunder's downtown arena. Natural gas prices plummeted along with all the new drilling by Chesapeake and its peers, reducing revenues for the company and making the debt harder to repay. (more...)
Mortgage rates sink to lowest levels in more than a year Mortgage rates sink to lowest levels in more than a year
- March 03, 2016

The 30-year fixed-rate mortgages: averaged 3.65 percent, with an average 0.5 point, dropping from last week's 3.72 percent average. Standard 30 year FRMs are published at 3.625% at Capital One Financial (NYSE:COF) yielding an April of 3.697% today. (more...)
United Kingdom govt says not given consular access to Hong Kong bookseller
- March 03, 2016

Under the "one country, two systems" principle, Hong Kong retains a high degree of control over its own affairs, including law enforcement. There were suspicions he had been seized due to politically sensitive material published by Mighty Current, which also runs a bookshop in Causeway Bay popular with mainland tourists. (more...)
Google self-driving auto blamed for crash with bus Google self-driving auto blamed for crash with bus
- March 03, 2016

While some of Google's self-driving cars have seen minor accidents - it was mostly due to the fault of the human driver and not Google's software. After reviewing the incident in repeated simulations of similar traffic scenarios and making software adjustments Google feels its self-driving cars have learned from this mistake. (more...)
MTN set aside $600m for Nigerian fine
- March 03, 2016

MTN Nigeria recorded a R9,287-billion provision for the fine at the end of the reporting period, negatively impacting reported EBITDA by 13,6% and HEPS by 402 cents. Full-year earnings per share excluding one-time items fell 51 percent to 7.46 rand in 2015 as a result of the fine provision, and 25 percent excluding the one-time payment. (more...)
CBSE Class 10 and Class 12 Board exams begin CBSE Class 10 and Class 12 Board exams begin
- March 03, 2016

The first papers of the CBSE class 12 and Class 10 board examination are slated to be held on Tuesday. A total of 186 exam centres have been established in Bhubaneswar region. The admit cards for the same will be issued soon. I am 50% locomotive disabled but my centre refused to give me extra time. Kunwar Lamba said, "The paper was set from the syllabus itself". (more...)
The Division Launch Trailer Introduces The Wolves The Division Launch Trailer Introduces The Wolves
- March 02, 2016

An open-world RPG shooter in which you take back New York City, The Division will be coming to Xbox One, PlayStation 4 and PC on 8th March. Of course, this also means that if you're on the fence about buying The Division , you may want to wait a little longer to hear what others are saying about it. (more...)
Sarah Hyland Joins Dirty Dancing Remake Sarah Hyland Joins Dirty Dancing Remake
- March 02, 2016

Produced by Lionsgate TV and Allison Shearmur Productions ( The Hunger Games ), Eleanor Bergstein - who penned the screenplay for the original movie - is also on board as an EP. "Can't wait for you all to see it!" I'm so excited!!! Lol! Abigail, 19, will take on the role of Baby, while Colt Prattes will play her love interest Johnny and Debra will play her mother. (more...)
Paranoid Osama bin Laden anxious about wife's tooth having tracker
- March 02, 2016

They were taken from bin Laden's compound after it was raided. Among the more than 100 documents found in the Abbottabad stronghold, the undated will instructs the bulk of the cash - about $40.4 million Bin Laden claims to be stashed away in Sudan - to be spent on the war against the infidel. (more...)
Elevated cancer risk in Lumber Liquidators laminate flooring — CDC Elevated cancer risk in Lumber Liquidators laminate flooring — CDC
- February 29, 2016

In addition to cancer, people are also susceptible to increased risks of exacerbated respiratory issues such as asthma and eye, nose and throat irritation, the CDC said . But the new report triggered press reports over the weekend that tied the increased cancer risk to Lumber Liquidators' products. The company did not dispute the new report's findings. (more...)
Tribune Media might sell businesses, assets Tribune Media might sell businesses, assets
- February 29, 2016

Zacks Investment Research upgraded shares of Tribune Media from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Thursday. The company's operating loss was $382.2 million for the fourth quarter, while operating profit before impairment of goodwill and other intangible assets came in at $2.8 million, compared with a year-ago operating profit of $163.4 million. (more...)
Federal-Mogul Holdings (FDML) Is Suring After Takeover Offer From Icahn Federal-Mogul Holdings (FDML) Is Suring After Takeover Offer From Icahn
- February 29, 2016

The company also released its fourth quarter earnings report this morning, posting adjusted earnings of 22 cents per share, which beat consensus at 12 cents, and $1.8 billion in revenue, which was in line with consensus. Even with Pep Boys' stores, Auto Plus would be significantly smaller than rivals Advance Auto Parts Inc., Autozone Inc. and O'Reilly Automotive Inc. Icahn Enterprises L.P. (more...)
Trump to GOP: Be 'Careful' Pushing Rubio, I Signed Pledge
- February 29, 2016

Hours later, however, Trump social media director Dan Scavino tweeted that Trump had told Christie 'to go home [as he was planned] to be with family tonight'. "He ain't paying for Donald's wall". Speaking to George Stephanopolous on ABC's This Week on Sunday morning, the second-term governor also compared the NY billionaire to Democratic front-runner and former Secretary of State Hillary Clinton . (more...)