Markets

P&G To Acquire German Merck's Consumer Health Unit For $ 4.2 Billion

P&G To Acquire German Merck's Consumer Health Unit For $ 4.2 Billion

Net sales rose 4.3 percent to $16.28 billion, helped by demand for skincare products Olay and SK-II, as well as fabric and home care products such as Febreze. Merck will continue to focus on its pharmaceutical business. Merck has stated that the proceeds from the acquisition deal will help the firm minimize its debt, thereby offering more flexibility in running the company's operations. Read More

Continue Reading »

International Business Machines Corporation (IBM)

International Business Machines Corporation (IBM)

It has underperformed by 10.35% the S&P500. BMO Capital Markets restated a hold rating and issued a $175.00 price objective on shares of IBM in a research note on Thursday, January 11th. About 1.76 million shares traded. Guggenheim initiated the shares of ADBE in report on Thursday, April 13 with "Buy" rating. California-based Telos Cap Management has invested 0.21% in International Business Machines Corporation (NYSE: IBM ). Read More

Continue Reading »

ATMs across country go dry, Arun Jaitley says 'temporary shortage'

ATMs across country go dry, Arun Jaitley says 'temporary shortage'

The current currency in circulation is around Rs 18.04 trillion - this is marginally higher than the notes in circulation during demonetisation time, which was Rs 17.74 trillion. Seizing an opportunity, some opposition leaders didn't refrain from blaming the centre for the cash crunch . West Bengal Chief Minister Mamata Banerjee has commented that cash crunch in ATMs remind her of the demonetization days. Read More

Continue Reading »

Volkswagen to replace CEO with VW brand chief Herbert Diess

Volkswagen to replace CEO with VW brand chief Herbert Diess

Longtime CEO Winterkorn quit after the firm admitted in 2015 to manipulating 11 million diesel vehicles worldwide to cheat regulatory emissions tests in a scandal that became known as " dieselgate ". The management revamp comes after the company posted record profit previous year. Mr. Diess has been running the Volkswagen brand since 2015. Volkswagen may replace its chief executive as part of a management restructure, the vehicle maker has said. Read More

Continue Reading »

Sensex, Nifty end flat as trade war worries resurface

Sensex, Nifty end flat as trade war worries resurface

A number of stocks from other severely battered sectors too opened on a firm note and are still adding gains. The trend continued when the market opened today and bank stocks kept moving higher and higher as the session progressed. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 percent. The tension could also be felt on the Chinese yuan, which suffered its biggest daily fall versus the dollar in two weeks. Read More

Continue Reading »

March Jobs Report: Everything You Need to Know

March Jobs Report: Everything You Need to Know

March's job growth was below the 202,000 average of the past three months and matched to the roughly 100,000 jobs per month needed to keep up with growth in the working-age population. The company now offers a 401 (k) to all employees after 30 days on the job and provides a prescription drug discount card. Some of the drop-off in hiring for March was likely weather-related, with late spring snowstorms blanketing the Northeast, closing construction sites and potentially postponing shopping ... Read More

Continue Reading »

No mousing around as Disney offers to take Sky News

No mousing around as Disney offers to take Sky News

The CMA in January said it had provisionally found that Fox taking full ownership of Sky is not in the public interest due to media plurality concerns . "The big thing we still don't know is what Comcast are going to do about their potential offer for Sky, which in the short term at least has created a market in Sky shares which is far above the price that 21st Century Fox has offered", he explained. Read More

Continue Reading »

Syntal Capital Partners LLC Takes $701000 Position in Amazon.com, Inc

Syntal Capital Partners LLC Takes $701000 Position in Amazon.com, Inc

About 16.69 million shares traded. It has outperformed by 7.94% the S&P500. In the last 90 days, insiders sold 6,214 shares of company stock valued at $9,251,120. Orrstown Service accumulated 0.04% or 30 shares. Four equities research analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Read More

Continue Reading »

Facebook privacy settings revamped after data leak by Cambridge Analytica

Facebook privacy settings revamped after data leak by Cambridge Analytica

Processes that would normally require navigating confusing settings interfaces should be accessible with a few taps, including setting up two-factor authentication, deleting your personal information, and turning off ad targeting. The post also said: "We've worked with regulators, legislators and privacy experts on these tools and updates". As Facebook's data scandal continues to weigh on the company's stock price and the public expresses weariness over its commitment to protecting ... Read More

Continue Reading »

Japanese to build the world's largest solar power plant in Saudi Arabia

Japanese to build the world's largest solar power plant in Saudi Arabia

Softbank Group Chairman and CEO Masayoshi Son and Saudi Arabia's Crown Prince Mohammed bin Salman reached the agreement in NY on Tuesday. "You have never seen something of this scale", he is reported as saying. Saudi Arabia seeks to diversify the economy and reduce its dependence on oil. "The kingdom has great sunshine, great size of available land and great engineers, great labor, but most importantly, the best and greatest vision", Son told reporters. Read More

Continue Reading »

South Jersey Gearing Up For Fourth Nor'easter Of March

South Jersey Gearing Up For Fourth Nor'easter Of March

The storm weakened a bit in the early hours of Thursday, and Boston expected to escape with just a few inches of snow before it tapered off Thursday afternoon. In a morning news conference in Manhattan, Gov. Andrew Cuomo said he was "very dissatisfied" with how utility companies managed a storm earlier this month and called the delays in getting power back on "inexcusable". Read More

Continue Reading »

DC woman gets $10000 voucher from United after being bumped from flight

DC woman gets $10000 voucher from United after being bumped from flight

In the case of an oversold flight, airlines will kick off the lowest fare passenger, unless there is a volunteer. Preiss was entitled to cash in the amount of four times what she paid for the ticket, around $650 total. Girl, 11, Agonizes Over Death of French Bulldog on United Flight: 'It Can't Breathe There!' She took it. Along with two $10 meal vouchers. It's also important to be aware of any connections between different airlines during the trip, Passman said, as carriers don't interline ... Read More

Continue Reading »

Liquidation sale to begin at Staten Island Toys R Us

Liquidation sale to begin at Staten Island Toys R Us

The chain, which was known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot, announce last week it would shutter all of its 740 US locations. Toys R Us announced March 15 it is negotiating in bankruptcy court to close all 735 USA locations and liquidate inventory. The teen jewelry and accessories giant Claire's is another retail giant that has succumbed to financial troubles, declaring bankruptcy and announcing the closure of over 90 stores ... Read More

Continue Reading »

European Union tells Britain to 'face up to hard facts' on Brexit

European Union tells Britain to 'face up to hard facts' on Brexit

Jean-Claude Juncker was cheered by Eurosceptic MEPs including members of Ukip when he noted in the European Parliament that Brexit was due on March 29, 2019. "It sounds to me like they believe it was Russian Federation, and I would certainly take that finding as fact", he added. Another German industry group, the VDMA engineering association, also called on Tuesday for an EU-UK customs deal. Read More

Continue Reading »

Why false news spreads faster on social media

Why false news spreads faster on social media

Their findings, published this week in Science , explain a lot about how conspiracy theories (as well as misleading and downright incorrect information) drown out hard, clear facts on social media . " Twitter became our main source of news ". Twitter did not immediately respond to a request for comment. Social media companies, especially Facebook, have been under constant fire lately for not doing enough to curb the spread of fake news stories. Read More

Continue Reading »

Google's autonomous vehicle unit to test semis in Atlanta

Google's autonomous vehicle unit to test semis in Atlanta

Waymo has installed its self-drive system and some of the same sensors used on its driverless Chrysler Pacifica minivans to enable the Peterbilt Class 8 Semis to drive themselves. Uber has been using its self-driving trucks to transport goods in Arizona. The program, called Uber Freight , addresses shipping logistics with software, connecting shippers to available truck drivers via an app- much like Uber's ride-hailing app works. Read More

Continue Reading »

BJP Set to Rule Meghalaya, Conrad Sangma to be Chief Minister

BJP Set to Rule Meghalaya, Conrad Sangma to be Chief Minister

Though, Congress had emerged as the single largest party with 20 members, the regional United Democratic Party (UDP), which got six seats and emerged as the kingmaker, pledged support for Conrad Sangma-led NPP. Meanwhile, the newly elected members of Congress have elected outgoing chief minister Mukul Sangma as the legislature party leader. BJP had won only two seats. Read More

Continue Reading »

Amazon wants to start offering bank accounts

Amazon wants to start offering bank accounts

It's too early to say whether the checking-account venture would include bill-paying services or access to nationwide ATMs, the Wall Street Journal said. issued Visa commercial cards. The companies together employ more than 1.1 million workers. Either way, it's yet more proof that Amazon is examining every service that costs it money and wondering if it can do better itself. Read More

Continue Reading »

Qualcomm says Broadcom knew about CFIUS investigation

Qualcomm says Broadcom knew about CFIUS investigation

The committee is anxious about the national security implications of Broadcom , a Singapore-based company, taking over the US-based Qualcomm , which provides the bulk of modems used for communications in modern smartphones. The deal was expected to face tough scrutiny from competition regulators. U.S. Sen. John Cornyn, a Texas Republican, as well as San Diego-area Congressmen Scott Peters, a Democrat, and Duncan Hunter, a Republican, sent letters to Trump Administration officials ... Read More

Continue Reading »