Finance

Author: 0 Qatar Airways buys 9.61 per cent stake in Cathay Pacific

Qatar Airways will purchase the stake for HK$5.16 billion (€570 million) from Kingboard Chemical Holdings and associates, according to a statement, becoming Cathay's third-largest investor after local conglomerate Swire Pacific, with a 45 per cent holding, and Air China Ltd.

Finance Russia Who? Facebook Beats Q3 Earnings And Grows MAUs And DAUs
Author: 0 Russia Who? Facebook Beats Q3 Earnings And Grows MAUs And DAUs

Menlo Park, California-based Facebook's third-quarter profit surged to $4.71 billion or $1.59 per share from $2.63 billion or $0.90 per share past year. Facebook released its Q3 earnings , showing that total revenue was up 47% year-over-year, advertising revenue was up 49% - beating analysts' expectations - and 88% of advertising revenue came from mobile for a total of $8.9 billion, up 57% year-over-year.

Finance Portland area makes pitch for second Amazon headquarters
Author: 0 Portland area makes pitch for second Amazon headquarters

A number of cities are in the running for the second headquarters and the City of Las Vegas is one of those vying for the HQ. If senior executives at Amazon's Seattle headquarters had never heard of Bradford, Innisfil or West Gwillimbury before, the little Ontario towns have put themselves on the radar screen with a surprise joint bid to become home to the online retailer's second global headquarters.

Finance Wells Fargo hit by surprise charge from pre-crisis mortgages
Author: 0 Wells Fargo hit by surprise charge from pre-crisis mortgages

Revenue fell to $21.9 billion from $22.3 billion a year earlier. Meanwhile, WFC's net interest margin was 2.87%, down 3 basis points sequentially from the second quarter. More recently, Wells Fargo has come under fire over auto-loan clients who were forced to pay for unwanted vehicle insurance and mortgage customers who were improperly charged fees.

Finance Wildfires tear through California wine country; 20000 evacuated
Author: 0 Wildfires tear through California wine country; 20000 evacuated

Early Monday morning, the Sonoma County Sheriff's Department said fires had also erupted in Santa Rosa, Windsor and Sebastopol. Authorities have implemented forced evacuations in several rural neighborhoods and worked to clear out hospitals and senior centers in northwestern Santa Rosa.

Finance Goldman Sachs Investment Unit to Pay for Research Under MiFID II
Author: 0 Goldman Sachs Investment Unit to Pay for Research Under MiFID II

Nippon Life Co reported 12,168 shares. The current P/B amount of The Goldman Sachs Group, Inc . best indicates the value approach in differentiating good from the bad. (The)'s revenue for the quarter was down.6% on a year-over-year basis. (The) had a return on equity of 11.27% and a net margin of 26.44%. Buckingham Capital Management Inc increased Goldman Sachs Group Inc Com St (GS) stake by 29.89% reported in 2017Q2 SEC filing.

Finance Hackers Hit Whole Foods for Credit Card Data
Author: 0 Hackers Hit Whole Foods for Credit Card Data

Amazon recently purchased Whole Foods. There are four Whole Foods stores in Utah . Whole Foods said it's working with a cybersecurity firm and plans to investigate who is behind the cyber attack. Major corporations that have faced large data breaches in recent years include Yahoo, Verizon, Walmart, Anthem, Myspace and LinkedIn. The company said payment information at certain venues, including taprooms and full table-service restaurants inside some of its stores, was accessed.

Finance IN man arrested in Colorado may be linked to Delphi murders
Author: 0 IN man arrested in Colorado may be linked to Delphi murders

The killer has not been found. Jacque Kirby with The El Paso County Sheriff's Office says police in IN have requested no further information be released to the public. Authorities have released a grainy cell phone image - taken by Liberty - of the main suspect in the case. Nations was convicted of Indecent Exposure in Beaufort County, South Carolina in 2008.

Finance U.S. slaps sanctions on 8 North Korean banks
Author: 0 U.S. slaps sanctions on 8 North Korean banks

The president said he had personally been against the deployment of U.S. Terminal High Altitude Area Defense (THAAD) system in South Korea, but the decision was made as North Korea's missile capabilities were quickly improving. The latest measure of economic warfare comes just days after President Trump signed an executive order giving Mnuchin greater power to slap a range of sanctions aimed at curbing North Korea's nuclear efforts.

Finance Japan PM says time for N Korea dialogue is over
Author: 0 Japan PM says time for N Korea dialogue is over

Though he has not announced a date for elections, reports say polls will be held on October 22. Mr Abe said yesterday that he would dissolve Parliament on Thursday to pave the way for an election more than a year before it is due. Despite a recent run of growth, the election victor will also have to contend with a sluggish economy, as the heavily indebted country grapples with a low birth rate and a shrinking labour force.

Finance Ryanair Pilots Could Cause Even More Disruption at the Airline
Author: 0 Ryanair Pilots Could Cause Even More Disruption at the Airline

Norwegian went the extra step of identifying that it had recruited 140 pilots from Ryanair this year alone prompting Ryanair CEO to make a freaky retaliatory claim that Norwegian had not recruited 140 of Ryanair's pilots and that Ryanair thought Norwegian didn't have the resources to "last the year".

Finance EUR USD Exchange Rate Fluctuates Ahead of Key Fed Policy Meeting
Author: 0 EUR USD Exchange Rate Fluctuates Ahead of Key Fed Policy Meeting

On Wall Street, the futures for the Dow Jones industrial average and for the Standard & Poor's 500 were up 0.2 percent. The Australian and New Zealand dollars pushed higher, with up 0.57% at 0.8056 and with advancing 0.77% to 0.7373. 'That's why, even though core consumer prices are showing some resurgence, we now expect the Fed to stand pat on rates for the rest of this year'. USA crude oil prices CLc1 edged up 2 cents to settle at $49.91 a barrel, after hovering near multimonth highs.

Finance Admiral Group plc (ADM) Rating Reiterated by Credit Suisse Group AG
Author: 0 Admiral Group plc (ADM) Rating Reiterated by Credit Suisse Group AG

The company was maintained on Saturday, August 13 by Robert W. Baird. KeyBanc Capital Markets initiated the stock with "Sector Weight" rating in Thursday, August 27 report. Peel Hunt has "Reduce" rating and GBX 370 target. The stock has "Buy" rating by Peel Hunt on Monday, September 11. In CVMD, it is expanding its portfolio into the cardiovascular-renal area with late-stage assets, such as ZS-9 and roxadustat, as well as investing to explore the benefits of its SGLT2 and GLP-1 franchises in ...

Finance Crude palm oil futures remain up on rising demand
Author: 0 Crude palm oil futures remain up on rising demand

The worldwide benchmark for the famous Brent crude LC0c1 was dwindling down by a good 35 cents down and settling to $53.49 per barrel on earlier market trading as opposed to its previous close price. Irma's hit in demand will partly offset the Gulf Coast's interrupted refinery runs, which are taking longer than expected to recover, according to the bank.

Finance Elon Musk just made a SpaceX FAIL video
Author: 0 Elon Musk just made a SpaceX FAIL video

It's just a scratch, ' regardless of the fact that it is in pieces. At one point, as the rocket crashes down onto its pad, the video captions it as follows: "Well, technically it did land.just not in one piece". But since the hard work of the team resulted in success, Musk will surely be proud to share this journey (with a mix of humor) with fans. That was SpaceX flight 20 of the Falcon 9 rocket version Orbcomm OG2 M2.

Finance Volkswagen Group models to be electrified by 2025
Author: 0 Volkswagen Group models to be electrified by 2025

According to the VW Group (which comprises brands including Volkswagen , Audi , Seat , Skoda and VW Commercial Vehicles) this means there will be at least one electric version of each of the 300 models the group produces around the world.

Finance Havens lose lustre as North Korea missile test fears subside
Author: 0 Havens lose lustre as North Korea missile test fears subside

The country's iron ore producers were among the worst performers on the benchmark index after the price of steel making ingredient fell on Friday. "The debt ceiling can being kicked down the road a few months is also providing temporary relief but as always with this kind of thing, the problem has only been delayed rather than resolved".

Finance Hurricane Jose expected to strengthen, moving west
Author: 0 Hurricane Jose expected to strengthen, moving west

Maximum sustained winds are near 40 miles per hour (65 kph) with higher gusts. The center of Katia is expected to remain off the shore of Mexico through Friday morning. It is feared the storm may strengthen to a potentially devastating category three hurricane, which can bring winds of up to 129mph. Earlier this week, parts of the Lesser Antilles, including the island of Barbuda, took a direct hit from Irma.

Finance Ponderosa Fire in Butte impacts Plumas
Author: 0 Ponderosa Fire in Butte impacts Plumas

Also burning to our north is the Tohakum 2 Fire in Nevada, which began with a lightning strike near the site of Burning Man, which briefly closed the main artery into the festival on Sunday. The Ponderosa Fire comes on the heels of the approximately 6,000-acre Wall Fire that burned in the foothills east of Oroville in July. A wildfire on the northern edge of Los Angeles rapidly grew on Saturday into what the mayor called the largest blaze in the city's history, prompting the evacuation of ...

Finance Manufacturing sector bounces back into growth zone after GST-related contraction: PMI
Author: 0 Manufacturing sector bounces back into growth zone after GST-related contraction: PMI

That's up from 51.1, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The index for new export orders was also revised down to 51.3 from a flash reading of 52.2. "After a loss of momentum in fiscal year (FY) 2016, IHS Markit forecast the Indian economy to recover marginally in FY 2017, with real GDP growth expected at 7.3 per cent", Lima added.

Finance Gas Prices To Continue Rise As Key Southeastern Pipeline Runs Intermittently
Author: 0 Gas Prices To Continue Rise As Key Southeastern Pipeline Runs Intermittently

A big blow to the USA fuel supply - A major pipeline that carries tens of millions of gallons of fuel between Houston and North Jersey has shut down because of Harvey. The company said there was no timeline when the pipelines would be restarted. But the fuel won't be flowing in the 5,500 miles of pipes that stretch from Houston to North Jersey because Harvey has shut down 23 percent of the nation's refinery capacity.

Finance Amazon to Cut Whole Foods Prices
Author: 0 Amazon to Cut Whole Foods Prices

The cuts add another front to a price war that's already raging across the supermarket sector. Amazon last week announced that starting Monday, it will lower prices of items at Whole Foods like organic bananas, brown eggs, salmon, ground beef, and more.

Finance Go-Ahead Group plc (LON:GOG) Receives GBX 2163.38 Consensus PT from Brokerages
Author: 0 Go-Ahead Group plc (LON:GOG) Receives GBX 2163.38 Consensus PT from Brokerages

Great West Life Assurance Can holds 0% of its portfolio in RigNet Inc (NASDAQ:RNET) for 2,365 shares. About 81,850 shares traded. EP Energy Corp (NYSE:EPE) has declined 9.47% since August 14, 2016 and is downtrending. The Firm offers specialist professional recruitment and recruitment process outsourcing services. It has a 28.14 P/E ratio. The Company's divisions are Wholly-owned assets, Other UK Shopping Centres, Snozone and Group/Central.

Finance Bill Gates' stake in Microsoft is now just 1.3 percent
Author: 0 Bill Gates' stake in Microsoft is now just 1.3 percent

Previously, Gates gave away $16 billion (Rs 1.02 lakh crore) worth of Microsoft shares in 1999 and $5.1 billion (Rs 32,708 crore) in 2000. A spokeswoman for the Bill & Melinda Gates Foundation declined to say why the billionaire changed his pattern of giving, or whether there would be similarly larger donations in the future, the Journal said.

Finance Martin Shkreli AKA 'Pharma Bro' Found Guilty Of Securities Fraud And Conspiracy
Author: 0 Martin Shkreli AKA 'Pharma Bro' Found Guilty Of Securities Fraud And Conspiracy

Outside, he called his prosecution "a witch hunt of epic proportions", and he focused on the acquittals. Shkreli said that he was acquitted of "the most important charges" and that he was "delighted in many ways with this verdict". Brafman was the opposite: during his closing argument, the diminutive celebrity defense attorney paced in front of the jury and tried an emotional appeal.

Finance Toyota, Mazda collaborate on electric vehicles, connected cars
Author: 0 Toyota, Mazda collaborate on electric vehicles, connected cars

The prospect of a new factory in the US could set off a competition among states over its location. The deal could further cement President Donald Trump's vision of bringing more jobs to the US. " Mazda has been studying the Toyota Production System, with direct help from Toyota , since the 1970s", said Shook, a former Toyota engineer.

Finance The RBA just warned the Australian dollar is too high
Author: 0 The RBA just warned the Australian dollar is too high

It would also cause the progress in economic activity and inflation to be slower than predicted. Credit Agricole CIB FX Strategy Research expects next week's RBA policy meeting to reaffirm the central bank's neutral stance, noticing that the RBA has so far resisted calls to join the group of G10 central banks that have moved closer to policy normalization recently.

Finance Twitter Stock Price: 3 Takeaways From Quarterly Earnings Report
Author: 0 Twitter Stock Price: 3 Takeaways From Quarterly Earnings Report

But after adding a surprising nine million new users last quarter, some hoped that was a sign Twitter's business growth would eventually follow. They too beat on the top and bottom lines, but while Twitter's revenues declined year on year Facebook posted massive growth, going from just over $6.4 billion in the same quarter last year to over $9.3 billion this time around.

Finance FTC Investigates Claims Amazon Uses 'Deceptive List Prices'
Author: 0 FTC Investigates Claims Amazon Uses 'Deceptive List Prices'

In its most recent study of Amazon pricing, Consumer Watchdog found that 61% of all reference prices were higher than any observed price charged by Amazon in the previous 90 days, while 38% of all reference prices were higher than any price charged by Amazon that the group had ever reviewed.

Finance Alexa Is Coming To Amazon's Android App This Week
Author: 0 Alexa Is Coming To Amazon's Android App This Week

Amazon likely decided where it should put Alexa based on how many people its mobile app can reach - which includes users who might not have a single idea what Alexa is for and what it can do. Also, Alexa on Android can perform different tasks including telling jokes, launching the Netflix app, and ordering Starbucks. The Amazon app has previously featured basic voice commands for adding items to your cart, searching for products throughout Amazon, and tracking previous orders.

Finance 2 banks burnt as Policeman kills truck driver
Author: 0 2 banks burnt as Policeman kills truck driver

This forced several other banks in Apapa to close for the day, forcing most port users to look elsewhere for banks to make financial transactions. Reports alleged that the policeman allegedly shot the driver of the truck with number plate AGL 222 XC for refusing to part with N200 bribe as fees to park in front of the bank.

Finance Missing paperwork could wipe out billions in private student loan debt
Author: 0 Missing paperwork could wipe out billions in private student loan debt

Have you taken out a private student loan to fund your education? That's a big number, but it accounts for a relatively small fraction of overall USA student debt. There are additional considerations. Document: National Collegiate's Audit of P.H.E.A.A . There have already been 800 collection cases in 2017, and more than 10,000 lawsuits in the past five years.

Finance Alfred Angelo store closings leave brides in a panic
Author: 0 Alfred Angelo store closings leave brides in a panic

Some women said they received calls from the store while others found out on social media. Chabala and her daughter Ashley found out Wednesday night the bridal store was closing through social media. "Everyone left one by one with cardboard boxes, plants. I had literally just spoken with the store on Wednesday evening who confirmed all the information", said Busboom.

Finance Hackers Attacked Trump Hotels
Author: 0 Hackers Attacked Trump Hotels

Following an investigation, Sabre notified us on June 5, 2017 that an unauthorised party gained access to account credentials that permitted access to payment card data and certain reservation information for some of our hotel reservations processed through Sabre's CRS.

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