Finance

Author: 0 Vail Resorts to buy Canada's Whistler Blackcomb

Whistler Blackcomb in Whistler, British Columbia, is a combination of Whistler and Blackcomb mountains that sit side-by-side. Shares rose from $11.33 to $35.47 - what a time to be alive! " Whistler Blackcomb is one of the most iconic mountain resorts in the world with an incredible history , passionate employees and a strong community", said Rob Katz, Vail Resorts chairman and CEO.

Author: 0 Some in New Mexico GOP going with Libertarian Gary Johnson

He served as the 29th Governor of New Mexico from 1995 to 2003 as a member of the Republican Party. Often referred to as "Governor No", Johnson takes pride in the high number of bills he vetoed while in office. Rep. Scott Rigell (R-Va.) resigned Tuesday from the Virginia Beach Republican Party, taking another step away from party politics two days after he endorsed Libertarian Gary Johnson for president over Republican nominee Donald Trump .

Author: 0 Sterling declines below €1.17 for first time in three weeks

One of United Kingdom biggest banks, HSBC, said sterling could head even lower in coming months as Britain's yawning current account deficit, at 5 percent of gross domestic product, weighs. For the first time since it started buying government bonds to boost Britain's economy in 2009, the central bank failed to find enough willing sellers to meet its purchase target, pushing bond yields to record lows.

Finance Investors double their money in biggest African takeover of a US firm
Author: 0 Investors double their money in biggest African takeover of a US firm

South African retailer Steinhoff International Holdings NV yesterday struck a deal to buy US-based Mattress Firm Holding Corp , for $3.8 billion including debt. The stock increased 1.47% or $0.43 during the last trading session, hitting $29.74. The company has a market capitalisation of... Yet Steinhoff's share was up over 1.5% compared with Friday's closing price in Frankfurt, where it has its main listing, and just under 1% on the Johannesburg Stock Exchange in its home country.

Author: 0 Vail Resorts makes C$1.4-billion takeover offer for Whistler-Blackcomb

Whistler is now investing heavily in other, non-winter activities after a less than stellar winter season. Vail Resorts Inc.is an American corporation that owns ski and snowboard mountains in Colorado, California, and Wisconsin. The resort had 2.7 million visitors in all. The deal sees Vail assume control of the iconic Whistler mountain resort. Vail is planning to use a term loan, its credit facility and cash-on-hand to fund the acquisition.

Author: 0 Mahad bridge collapse: 3 bodies found; search & rescue operations on

During rescue efforts on Thursday, an NDRF boat reportedly capsized because of strong currents. The Indian Coast Guard has also deployed Chetak helicopters - Sea King 42C and Sea King 42B to assist in the search. According to locals, rain and darkness had hampered rescue work, which began on Wednesday morning, nearly 12 hours after the bridge collapse. Traffic on the route has been diverted to a new parallel bridge nearby.

Author: 0 22 missing as British-era bridge collapses on Mumbai-Goa highway

The country's coast guard sent a Chetak helicopter to search for those swept away in the river. Three teams of the National Disaster Response Force (NDRF), comprising of about 80 personnel including divers, have been pressed into rescue operations.

Author: 0 Hulu valued at $5.8 billion after Time Warner investment

Time Warner is looking to offset the declines in cable subscriptions, driven by the cord-cutting phenomenon, where consumers are opting for cheaper TV services from the likes of Netflix, Inc. Those boxes have become a major source of revenue for cable providers, generating more than $200 per year in leasing fees in the typical USA household.

Finance Oil prices give away previous gains as oversupply bites back
Author: 0 Oil prices give away previous gains as oversupply bites back

However, the EIA said at 176,000 barrels per day or 45 percent of the total crude oil moved by rail in the U.S.in May 2016, rail shipments from the Midwest to the East Coast are still the U.S.'s largest crude-by-rail movement. USA crude futures settled down more than 1 percent after initially rising over 2 percent, traders said. Oil rose in NY amid a weaker dollar and speculation the oversupply still weighing on global markets will diminish, even after prices fell into a bear market on Monday.

Finance Astros Among One Of Few Teams Talking To Yankees About Carlos Beltran
Author: 0 Astros Among One Of Few Teams Talking To Yankees About Carlos Beltran

The Rangers have a deal in place to acquire Yankees outfielder Carlos Beltran , according to Yahoo! With the acquisition of Tate, the Yankees have added another high-end talent, which offers athleticism, with two premium pitches. Pitching is expensive this deadline, and the Sox are in a good position to wait and see if the likes of Drew Pomeranz and Eduardo Rodriguez can settle into their roles.

Finance Crude oil is tumbling again after its worst month in a year
Author: 0 Crude oil is tumbling again after its worst month in a year

Last week, this blog noted that oil prices were right near their 200-day moving average, a key threshold for chart watchers. Hedge funds and other money managers added the equivalent of 56 million barrels of extra short positions in the three main Brent and WTI futures and options contracts in the week ending July 26.

Author: 0 Chelsea Clinton will testify to her mother's credentials

Almost 70, Bill Clinton is a bit frailer, a touch shakier, though aides and friends say his famous memory remains sharp. Earlier as the counting of delegate votes from states and territories was underway, a young Indian woman, Sruthi Palaniappan introduced Iowa's vote announcement.

Finance Uber, Didi hail China's new taxi app rules
Author: 0 Uber, Didi hail China's new taxi app rules

Uber, headquartered in San Francisco, operates in more than 60 Chinese cities and plans to increase to more than 100 by the end of 2016. He reasons that China is the flawless market for ride sharing since there are tons of people packed into dense cities, and a fairly low number of them own cars: China has "130 vehicles per thousand people (vs 800 in the U.S.

Finance Facing investigation, Fiat Chrysler revises USA sales reporting methods
Author: 0 Facing investigation, Fiat Chrysler revises USA sales reporting methods

According to FCA, the company has been asked to cooperate "with an SEC investigation into the reporting of vehicle unit sales to end customers in the U.S". Fiat Chrysler now sees full-year net profit of about $2.2 billion, up from its prior outlook for $2.09 billion. FCA generated 3 billion euros in adjusted operating profit in the first half, a 43 percent surge from a year ago.

Finance Seeking wider digital audience, Verizon buys Yahoo for $4.8B
Author: 0 Seeking wider digital audience, Verizon buys Yahoo for $4.8B

In its announcement, Verizon did not discuss Mayer's future or its long-term plans for Yahoo . Before Yahoo , the Internet was a government research project. Yahoo, Verizon, and AOL will cater to more than 1 billion customers globally after the joint operation takes off. The deal includes Yahoo real estate assets, while some intellectual property is to be sold separately, the people said.

Finance Fiat Chrysler shifts Detroit-area plant from cars to trucks
Author: 0 Fiat Chrysler shifts Detroit-area plant from cars to trucks

The report suggests sales numbers were inflated in part due to pressure to continue FCA's streak of more than six years of year-over-year monthly sales increases. The company, which has reported year-over-year sales gains every month since April 2010, stopped short of admitting any wrongdoing. During three months - September of 2013, August of 2015 and May of 2016 - sales would have declined under the new reporting methods.

Author: 0 Canadian authorities seek to include oil spill moving down river

The City of North Battleford is taking precautionary measures and filling all water reservoirs and the water tower, the city said in a statement. Husky Energy has said between 200,000 and 250,000 litres of crude oil and other material leaked into the river on Thursday from its pipeline near Maidstone , Sask.

Author: 0 Verizon to announce $5 billion deal to buy Yahoo Monday

USA internet firm Yahoo announced in February that it was looking at "strategic alternatives" for its core internet business. Verizon Communications is nearing a deal to buy Yahoo , beating out rival bidders for the iconic web pioneer, people familiar with the matter said.

Author: 0 Munich Shooting Leaves 10 Dead, Including Suspect

The attack comes at a tense time for Germany. The Munich shooting took place on the fifth anniversary of the massacre Breivik carried out in Norway, in which he murdered 77 civilians, the vast majority of whom were leftists at a political activism camp.

Finance Theresa May appointed new British Prime Minister
Author: 0 Theresa May appointed new British Prime Minister

Jamaica's senior political leaders have congratulated Theresa May, the new prime minister of the United Kingdom who will have to grapple with the uncertainties of that nation's June vote to leave the European Union (EU). Putting crucial global portfolios firmly in the hands of Brexit supporters was perhaps an astute move for May, who had argued, tepidly, for Britain to remain in the EU.

Author: 0 More mess at LAX as Southwest still strands thousands

For about three hours, visitors to Southwest.com couldn't buy tickets, check in for flights, or check their flight's status. Southwest Airlines said it had a computer outage on Wednesday , and the ripple effects were still being felt on Thursday morning across the country and in CT.

Finance Southwest Airlines still dealing with delays after outage
Author: 0 Southwest Airlines still dealing with delays after outage

Airline CEO Gary Kelly said the main system failed, then the backup failed, then the restoration failed. "It's ridiculous to tell you the truth", said Southwest customer Dan Chapp. It said those systems were fully restored . - Southwest Airlines is still recovering from this week's computer outage. Numerous departures and arrivals have been canceled at Oakland International Airport and Mineta San Jose International Airport with just a couple of cancellations at San Francisco ...

Finance Goldman Sachs Q2 Results Top Estimates
Author: 0 Goldman Sachs Q2 Results Top Estimates

Analysts had expected Goldman Sachs Group Inc (NYSE:GS) to report earnings of about $2.43 per share on $6,724.12M in revenue. Revenue from trading fixed income, commodities and currency rose 20 per cent to $1.93-billion. Eighteen analysts surveyed by Bloomberg estimated per-share earnings of $3.05. Microsoft shares were up as it reported its fourth quarter results after the close with earnings and revenues exceeding expectations.

Finance Najib: Govt views seriously United States civil suits over 1mdb
Author: 0 Najib: Govt views seriously United States civil suits over 1mdb

The Singaporean government said Thursday it had seized almost $180 million linked to scandal-tainted Malaysian state fund 1MDB, raising the pressure a day after Washington moved to grab more than $1 billion in assets over "enormous" fraud. Dzulkefly said that the Umno Supreme Council was the "last bastion" to remove Najib. As alleged in the complaints, the members of the conspiracy - which included officials at 1MDB, their relatives and other associates - allegedly diverted more than $3.5 ...

Finance Yahoo sale nears end, Verizon reportedly in the lead
Author: 0 Yahoo sale nears end, Verizon reportedly in the lead

By 2008, Yahoo was fending off a contentious takeover bid from Microsoft Corp (MSFT.O) and struggling to define its mission. Additionally, Bloomberg is reporting that a long-awaited deal could be announced in the coming days . On the surface, the Yahoo acquisition appears pretty unrelated to Verizon's core business. It is slightly more than Verizon paid. Yahoo's share is a measly 3.4 percent.

Finance US move to seize assets piles pressure on Malaysian PM
Author: 0 US move to seize assets piles pressure on Malaysian PM

The US lawsuits do state that US$681 million was transferred to the bank account of " Malaysian Official 1 ", who was "a high-ranking official in the Malaysian government who also held a position of authority with 1MDB". Opposition leaders have taken " Malaysian Official 1 " to mean Najib. The US government said on Wednesday that $3.5bn was "misappropriated" from 1MDB and that "the Malaysian people were defrauded on an enormous scale".

Finance Navjot Singh Sidhu in deep meditation, says MLA wife Navjot
Author: 0 Navjot Singh Sidhu in deep meditation, says MLA wife Navjot

The state is expected to go to the polls early next year. Though there is heightened speculation of Sidhu joining the Aam Aadmi Party, he has not yet resigned from the BJP. Sources close to the AAP said the couple may join the AAP which has been sending feelers to them since the past year. Sidhu had won the Amritsar Lok Sabha seat in 2009 but did not contest in 2014 when senior BJP leader Arun Jaitley was fielded from there, apparently under Akali Dal pressure.

Author: 0 Biden: 'Better Angels' Will Prevail in Divisive US Election

Biden, who is in Australia as part of a Pacific tour, made the remarks on Tuesday, while addressing a number of American troops on the flight deck of the Australian warship HMAS Adelaide. "We mean what we say when we say we are rebalancing to the Pacific". Mr Biden likened Australia to America, saying it was "built based on immigration".

Author: 0 BOE regional agents report shows some hope post-Brexit

But it also provides a "summary of intelligence gathered" after the vote. He added that the Brexit vote created short-term turbulence to the United Kingdom economy for about next 18 months. There had been little evidence of any impact on consumer spending, although with some reports that consumers were more cautious over big-ticket items.

Finance Crude supply down 2.3 mln barrels
Author: 0 Crude supply down 2.3 mln barrels

Given the rising gasoline stocks , however, the overall picture is still considered bearish. These factors play an important role in the current decline that is occurring in the USA stock market, and we are going to analyze this situation a little bit deeper here, so read on.

Author: 0 Take action against Dayashankar Singh or face protests: Mayawati warns BJP

However, the Rajya Sabha witnessed an uproar with the BSP demanding the arrest of Dayashankar Singh . The main Hazratganj crossing is shrouded in a lot of hustle bustle and the State president of BSP, Ram Achal Rajbhar, has announced that further gathering is expected in the State capital.

Author: 0 CT's unemployment rate rose in June despite job growth

The growth was primarily in leisure and hospitality , 5,300; professional and business services, 4,900; education and health services , 2,100; manufacturing , 1,700; and government, 1,300. "The job gains are broad-based covering virtually every economic sector, and virtually all of the jobs lost during the economic downturn have been regained".

Finance California, 11 other states join DOJ antitrust lawsuit
Author: 0 California, 11 other states join DOJ antitrust lawsuit

The mergers would create an unacceptable risk of higher insurance premiums on the exchanges created under President Barack Obama's national healthcare reform law, said Principal Deputy Associate Attorney General William Baer, who spearheaded the antitrust reviews.

Finance Three facts about the government's new Canada child benefit
Author: 0 Three facts about the government's new Canada child benefit

The new non-taxable, income-tested child benefit rolls out Wednesday with the average family receiving about $2,300 under a program that was a cornerstone of the Liberals' campaign platform. Paul Ferley, assistant chief economist at RBC, expects Canadians will spend about half of the extra income, with debt repayment bringing a side benefit.

Finance Morgan Stanley's Wealth Unit Yields Stability for Bank
Author: 0 Morgan Stanley's Wealth Unit Yields Stability for Bank

The bank said its net income came to $1.43 billion, or 75 cents per share, in the quarter ended June 30. The bank has reorganised its fixed income unit since the beginning of the year, including exiting the physical oil business and cutting its headcount by about 25%.

Finance HSBC forex executive arrested in NY for fraud
Author: 0 HSBC forex executive arrested in NY for fraud

In 2014, lenders including HSBC , JP Morgan and Royal Bank of Scotland were fined more than £1bn by the United Kingdom watchdog for their role in manipulating foreign exchange markets. The two men allegedly generated 8 million United States dollars (£6 million) in profits from the transaction. The 43-year-old remains in the United Kingdom, and the U.S.is likely to seek extradition, according to one of the people.

Finance What Is Dollar Shave Club? Unilever Reportedly Values Razor Service At $1B
Author: 0 What Is Dollar Shave Club? Unilever Reportedly Values Razor Service At $1B

Kees Kruythoff, president of Unilever North America, said: " Dollar Shave Club is an innovative and disruptive male-grooming brand with incredibly deep connections to its diverse and highly engaged consumers". Unilever's struggling margarine business has always been flagged as a likely divestment target and the Anglo-Dutch company either needs to show progress in the unit or investor calls for it to sell will likely rise.

Finance After failed coup, Turkey's cenbank cuts rates again
Author: 0 After failed coup, Turkey's cenbank cuts rates again

On Sunday, following an attempted coup late Friday, the central bank assured the country's banks that it would provide them with "needed liquidity without limits", with intraday liquidity at zero percent, and foreign exchange could be used without limits to obtain lira liquidity.

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