Economy


Android 7.1.2 Beta Update Install Available on Google Pixel C
- March 23, 2017

The usual caveats apply: it's early days, there are more features coming, and there's still plenty of stabilization and performance work ahead of us. New bluetooth audio codecs are supported, enabling higher audio fidelity when using headphones like Sony's MDR-1000x ( Google specifically thanks Sony for the amount of help it gave to developing this new version of Android). (more...)
Top UK banks accused of being involved in money-laundering scam Top UK banks accused of being involved in money-laundering scam
- March 22, 2017

The City institutions are among 17 banks accused in a major investigation carried out by the Organized Crime and Corruption Reporting Project ( OCCRP ) and Novaya Gazeta , and reported by the Guardian . We shared the data with dozens of reporters from around the world who tracked down the money locally. According to a report in The Guardian , it processed $545.3m (£437.3m) out of Russian Federation between 2010 and 2014, mostly through its Hong Kong branch. (more...)
YouTube extremist videos expose adtech problems for Google YouTube extremist videos expose adtech problems for Google
- March 21, 2017

Media-buying firms are also increasingly resentful of the power wielded by Google and Facebook Inc., claiming the two companies operate a global duopoly over online advertising. The European boss of Google has issued a grovelling apology after paid-for adverts appeared next to extremist content on Google's YouTube platform - Sky News reports. (more...)
Brazil minister to meet representatives of meat importers
- March 21, 2017

However, the world's largest beef exporter, JBS SA, and the world's largest poultry processor, BRF SA, were both targeted as part of the probe. The investigation is focused on the actions of Brazilian Federal Meat Inspectors. JBS shares tumbled 10% on Friday, while BRF fell 7%. The scandal "could be enough to compromise temporarily Brazilian protein's acceptance worldwide", Credit Suisse Securities analyst Victor Saragiotto wrote in a Monday note to clients. (more...)
Oil starts the week with heavy losses as USA drilling weighs
- March 21, 2017

In terms of output, the IEA noted that member countries of the Opec oil-producing cartel cut their production for the second month in a row. "This unwinding of position is both a cause and reflection of the big fall in crude oil prices when the cracks in the Opec/non-Opec deal emerged and when it seems like it became evident shale oil is back and the new swing player", said chief market strategist Greg McKenna from brokerage AxiTrader. (more...)
Petoskey's JC Penney not among stores on closing list
- March 20, 2017

While the Limited and Wet Seal closed, another store is coming to the Wyoming Valley Mall this year. Faced with increased competition from newly built stand alone stores and strip malls - including the Commons two miles away - general department stores such as Sears and J.C. (more...)
McDonald Serves Anti-Trump Tweet, Twitter Is Lovin' It McDonald Serves Anti-Trump Tweet, Twitter Is Lovin' It
- March 18, 2017

Here are three fast facts about McDonald's controversial tweet against US President Donald Trump:1. It's not the first time a major company's Twitter account has been hacked: Marvel, Netflix and the National Football League have all been victims. (more...)
Production gains seen in some OPEC members
- March 17, 2017

OPEC members had agreed to cut their collective production to no more than 32.5 million barrels a day for six months starting in January. Some members of OPEC are producing more oil and Saudi Arabia has breached a psychological threshold for February, based on the organization's first report since enacting production limits for members of the group. (more...)
$3M Patriot missile takes down $200 drone $3M Patriot missile takes down $200 drone
- March 17, 2017

Now that worked, they got it, okay, and we love Patriot missiles". "And, in fact, we have a very close ally of ours that was dealing with an adversary that was using the small, quadcopter UASes, and they shot it down with a Patriot missile". (more...)
More GoPro cuts send shares flying, but analysts aren't buying it
- March 17, 2017

On the heels of a company restructuring earlier this year and in November 2016 that cut 300 jobs, GoPro announced Wednesday that it will stay on track with its 2017 non-GAAP profitability plan by cutting operating expenses and once again reducing 270 staff positions (both current headcount and existing open jobs). (more...)
Audi offices in Germany raided by prosecutors amid VW diesel scandal
- March 16, 2017

The searches were carried out in order to identify those involved in installing the devices that cheated the diesel tests, Munich prosecutors said. The police swoop coincided with a major annual press conference at which Stadler was presenting Audi's 2016 earnings - compounding the group's embarrassment. (more...)
Robust economy likely to nudge US Fed to hike rates
- March 15, 2017

It's risen significantly since the election because President Trump's promises to cut taxes and increase government spending triggered volatility in USA bonds. Turnill said: "Potential triggers of an overshoot include unexpectedly hawkish Fed rhetoric or anticipation of a growth boost from large tax cuts". (more...)
Valeant Dives To 8-Year Low After Ackman 'Throws In The Towel' Valeant Dives To 8-Year Low After Ackman 'Throws In The Towel'
- March 15, 2017

The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.70 on scale of 1-5. The company made a handful of key bolt-on acquisitions, buying Coria Laboratories, Australia's DermaTech, Dow Pharmaceutical Sciences, Mexico's Tecnofarma and Aton Pharmaceuticals. (more...)
Carnival cruise ship almost plows into jet skiers before dramatic rescue Carnival cruise ship almost plows into jet skiers before dramatic rescue
- March 14, 2017

Brown veered the cruise ship away from the jet skiers, giving Primmer just enough time to get both jet skiers into his boat and to back the boat away from the potential disaster. "I was limited in how far I could I could maneuver out of the way", said Port Canaveral Harbor Pilot Capt. Doug Brown, who was at the helm of the Carnival Magic. (more...)
Nintendo: 'There are no widespread technical problems' with Switch
- March 14, 2017

Some folks cited screen issues, from dead pixels to major visual malfunctions, but those seem to be relatively isolated. This totally hybrid console can be both portable and fixed in place at home, thus extending the gaming experience to any location the player desires. (more...)
Intel Stumps Up $15.3B To Get Into The Driverless Car Market Intel Stumps Up $15.3B To Get Into The Driverless Car Market
- March 14, 2017

Intel has announced the biggest technology takeover in Israel's history with the $15.3 billion (£12.27bn) acquisition of driverless auto specialist Mobileye . Once the deal finalizes, Intel's Automated Driving Group will be integrated into Mobileye and run from Israel. Intel was driven to buy the company due to it being a market leader in computer visions systems seen as critical for autonomous cars. (more...)
Americans consumed more bottled water than pop in 2016
- March 13, 2017

Carbonated soft-drink per-capita consumption exceeded 50 gallons as recently as 2006. According to the report, the consumption of soda increased to 50 gallons in the late 1990s and early 2000's, but by the middle of the next decade bottled water would probably reach the 50 gallon mark. (more...)
Billings sees 5 inches of wet snow, more on the way Billings sees 5 inches of wet snow, more on the way
- March 10, 2017

As snow showers and, highs will be mainly in the 30s through the weekend. Forecasters say that area of Arkansas could see up to an inch of snow. Between 2 and 3 inches of snow is possible north of US 36 in St. Friday: Snow likely before 10am, then rain and snow likely. The city Sanitation Department has issued a Snow Alert effective Friday morning at 1 a.m.to prepare equipment and personnel. (more...)
Standard Life-Aberdeen: A Marriage for Troubled Times Standard Life-Aberdeen: A Marriage for Troubled Times
- March 07, 2017

Mr Skeoch added: "The combination of our businesses will create a formidable player in the active asset management industry globally". The deal is expected to be closed in Q3 2017. SL shares were up 7% to 405.6p while Aberdeen, having already risen 10% over the previous four weeks, were up nearly 6% to 303.8p in the first few minutes of trading on Monday. (more...)
Deutsche Bank plans share sale and part disposal of asset unit Deutsche Bank plans share sale and part disposal of asset unit
- March 06, 2017

Instead, it now wants to reintegrate the operation into its other German retail business. The timing of the capital increase seeks to take advantage of a resurgence in Deutsche Bank's share price, which has nearly doubled from multiyear lows near EUR10 in September. (more...)
Logan Opens Huge; Top 10 Movies At The US Box Office Revealed
- March 06, 2017

Even though there have been R-rated comic book-based movies before, it wasn't until the massive success of last year's R-rated Deadpool that studio executives at Fox - and elsewhere - came to accept the idea that comic book-based movies aimed exclusively at adults could actually succeed at the box office. (more...)
China's defense budget increasing by about 7 percent in 2017 China's defense budget increasing by about 7 percent in 2017
- March 05, 2017

The 5th Session of the 12th National Committee of the CPPCC, China's top political advisory body, kicked off Friday while the 5th Session of the 12th National People's Congress (NPC), the top legislature, will start on Sunday. But there are concerns for China's military, including how to deal with the 300,000 troops President Xi Jinping announced in 2015 would be cut, mainly by the end of 2017. (more...)
'No economic case' for Scottish independence - Theresa May 'No economic case' for Scottish independence - Theresa May
- March 04, 2017

The Scottish Tory, who has led her party's revival north of the border, said the Scottish Government had promised Scots that the 2014 referendum would be a "once in a generation" event. She told BBC Scotland: "We've heard about the SNP jumping up and down on more powers and I would give them a word of warning". " There is no economic case for breaking up the United Kingdom, or of loosening the ties which bind us together ". (more...)
CSX Corporation (NASDAQ:CSX), Costco Wholesale Corporation (NASDAQ:COST) CSX Corporation (NASDAQ:CSX), Costco Wholesale Corporation (NASDAQ:COST)
- March 04, 2017

Even the announcement of increase in membership fee failed to instill confidence in investors. Finally, Cowen and Company reissued an "outperform" rating and issued a $170.00 price target on shares of Costco Wholesale Corporation in a research note on Monday, September 26th. (more...)
Crude Stocks at Record Highs, Oil Prices Pare Gains Crude Stocks at Record Highs, Oil Prices Pare Gains
- March 04, 2017

The reported build was significantly smaller than the 2012-16 average build of 5.5 million barrels for the same reporting week. Oil Production in Iran will reach over 3.9 million barrels per day (bpd) in February, Mehr news agency quoted Oil Minister Bijan Namdar Zanganeh as saying on Monday. (more...)
Federal agents raid Caterpillar offices in Peoria Federal agents raid Caterpillar offices in Peoria
- March 03, 2017

Federal law enforcement officials raided IL facilities owned by construction machinery company Caterpillar on Thursday, according to multiple reports . S. subsidiaries and the movement of cash among U.S. and non-U. It's not clear if that investigation is ongoing or completed. Pending legal issues highlighted in the 2016 Caterpillar annual report filed with the Securities and Exchange Commission last month included a January 2015 federal grand jury subpoena that sought financial ... (more...)
I'm ashamed, says Uber boss after cab row I'm ashamed, says Uber boss after cab row
- March 03, 2017

In an act of contrition, Kalanick later issued a written statement to his employees apologising to the Uber driver , Fawzi Kamel , and saying he needed to " grow up ". According to the Los Angeles Times account: "You know what?" He offered an apology with no caveats or excuses - just hours after a video surfaced showing him arguing with an Uber driver . (more...)
Trump speech leaves GOP encouraged, but still divided Trump speech leaves GOP encouraged, but still divided
- March 02, 2017

According to the CBS News poll , 64 percent of viewers favored President Trump's illegal immigration plan prior to the speech. " Trump touched upon a likely historic tax reform that will reduce the tax rate on USA firms to enable them to compete and thrive anywhere and with anyone". (more...)
Investors wasted billions on Wall Street money managers - Warren Buffett Investors wasted billions on Wall Street money managers - Warren Buffett
- March 01, 2017

As for Apple , Buffett said there is an "incredible stickiness" to the company's products and that it's a pretty nice franchise to have. His aggressive buying spree at Apple caught many off guard. Meanwhile, the company's operating earnings declined from the previous year period. In a wide ranging 28-page essay published on the weekend, the Berkshire Hathaway chairman predicted his firm's stock gains would continue to be "substantial", but "totally random as to timing". (more...)
Takata Pleads Guilty In Air Bag Scandal Takata Pleads Guilty In Air Bag Scandal
- March 01, 2017

Takata's finance chief, Yoichiro Nomura, entered the guilty plea on the company's behalf during court proceedings. In addition, plaintiffs in dozens of lawsuits against the air bag maker and five automakers allege the vehicle companies knew that Takata's products were risky yet continued to use them for years in order to save money. (more...)
NAHB Applauds President Trump for Move to Fix Flawed WOTUS Rule NAHB Applauds President Trump for Move to Fix Flawed WOTUS Rule
- March 01, 2017

Legal experts say it could take years for the Trump administration to dismantle the Waters of the USA rule. Another document aims to dismantle the Clean Power Plan, former President Barack Obama's signature plan for combating climate change by slashing greenhouse gas emissions tied to the generation of electricity. (more...)
Wilbur Ross Sworn In As Commerce Secretary Wilbur Ross Sworn In As Commerce Secretary
- March 01, 2017

Ross is set to become an influential voice in Trump's economic team and was expected to start work on renegotiating trade relationships with China and Mexico. "He is practically a cartoon stereotype of a Wall Street fat cat". " Wilbur Ross is practically a cartoon stereotype of a Wall Street fat cat with no interest in anyone but himself", Senator Elizabeth Warren, Democrat of MA, wrote on Twitter. (more...)
Stagecoach Group plc (SGC) Given "Buy" Rating at Deutsche Bank AG
- February 28, 2017

Lloyds Banking Group PLC has a 52 week low of 47.10GBX and a 52 week high of 74.00GBX with a P/E ratio of 23.89 The company's market cap is now 0 GBX. If you are viewing this article on another site, it was illegally copied and reposted in violation of USA & global trademark & copyright law. The correct version of this story can be viewed at [[permalink]]. (more...)
You can't threaten women with rape: Student Kaur
- February 28, 2017

Along with threats, Kaur has also received the support of innumerable people - young and old - for her stand against the ABVP and violence on the campus. "For every voice raised in anger, intolerance and ignorance there will be a Gurmehar Kaur (sic)". After this, the news about the girl receiving threats from the some people of getting her killed and raped came. (more...)
Cash handler held over toy notes in India ATM Cash handler held over toy notes in India ATM
- February 26, 2017

Gupta lodged a police complaint on Friday after bank officials refused to exchange the note "They refused to accept the note and asked me to return on Monday". He is an employee of Brinks India Pvt Ltd which is responsible for the task of placing cash in ATMs, said the officer. His alleged involvement came to light after the police thoroughly scanned the CCTV footage from the ATM. (more...)