Markets

AT&T-Time Warner Decision: Either Way, Media Is Ailing

AT&T-Time Warner Decision: Either Way, Media Is Ailing

He has indeed ruled in favor of the merger, despite government opposition. The "drop dead" deadline for completing the merger is June 21. The judge made his remarks to a packed courtroom in an unusual session weeks after the trial ended. The government's case hinged on an economic model produced by Carl Shapiro, an economist at the University of California at Berkeley, who predicted an annual price increase to consumers of at least $285 million. Read More

Continue Reading »

Tesla Teases Model Y Compact SUV

Tesla Teases Model Y Compact SUV

When it's available, the Tesla Model Y would take on challengers such as the Jaguar I-Pace , BMW iX3, and Mercedes-Benz EQC, which may beat it to market. Tesla shareholders also voted against a shareholder proposal for Tesla to appoint an independent board chairman. He had urged shareholders not to re-elect the slate of incumbent board members. Read More

Continue Reading »

Aussie Shoppers Blocked From Using Amazon's US Website

Aussie Shoppers Blocked From Using Amazon's US Website

While Australians will be blocked from Amazon's global websites, they will be able to buy from the retailer's Australian website . eBay also stated its case against the Bill which applied GST to overseas sales. The online retail giant will direct Australian shoppers away from its U.S. and United Kingdom stores to its smaller local site from July 1 when the goods and service tax is extended to all imported e-commerce items. Read More

Continue Reading »

Trans Mountain will push ahead despite opposition, Morneau tells Calgary business leaders

Trans Mountain will push ahead despite opposition, Morneau tells Calgary business leaders

A day after making the blockbuster announcement that the federal government would purchase the Trans Mountain pipeline and expansion project, Canada's finance minister touched down in the heart of the energy sector to tout the move. Vancouver Mayor Gregor Robertson called the pipeline an "unacceptable risk" that threatens 10,000 jobs in the harbour. "It was such a huge investment in the fossil fuel industry, but also for the federal government to be putting that many billions of dollars into ... Read More

Continue Reading »

US crude, gasoline inventories rise unexpectedly

US crude, gasoline inventories rise unexpectedly

Brent futures fell 37 cents, or almost 0.5 percent, to $79.20 a barrel by 0636 GMT, after climbing 35 cents on Tuesday. US refiner Valero Energy Corp this year boosted its imports of Venezuelan crude ahead of USA sanctions over the country's disputed presidential election and as other customers received less of the OPEC-member's exports, according to Thomson Reuters trade flows data. Read More

Continue Reading »

Democrats Try to Hang Net Neutrality Vote on GOP in Midterms

Democrats Try to Hang Net Neutrality Vote on GOP in Midterms

Susan Collins of ME and John Kennedy of Louisiana joined Democrats in a 52-47 vote to undo the Federal Communication Commission's repeal order. He said the internet thrived long before the Obama administration stepped in, and he predicted that when the Trump administration's rule scrapping net neutrality goes into effect in June, consumers won't notice a change in service. Read More

Continue Reading »

Oil prices race to $80

Worldwide benchmark Brent crude futures for the July delivery rose by 0.8 percent to $78.93 per barrel, marking a new high after hitting a 3-1/2 year high of $78.53 during the previous session. Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the worldwide market which saw the price leap to $78 yesterday, up from $67 April average. Read More

Continue Reading »

Starbucks to allow anyone to use its bathrooms

Starbucks to allow anyone to use its bathrooms

Until now, Starbucks has held a "loose" policy of letting paying customers use the store's restroom, but managers had discretion to allow others to use the restroom as well. Clearly, people hang out in coffee shops all the time, sometimes even (gasp) near the bathrooms-which brings us to this new policy. Some of the men detained on April 12 has been denied entry using your bath before sitting to await a small business meeting. Read More

Continue Reading »

Fayez Sarofim & Company Holding in Southwestairlinesco (LUV) Upped as Stock Price Declined

Fayez Sarofim & Company Holding in Southwestairlinesco (LUV) Upped as Stock Price Declined

Epoch Inv Prtn has invested 0.02% in Southwest Airlines Co . (NYSE:WTI). State Street holds 0% or 1.61M shares. Following the purchase, the director now owns 70,469 shares of the company's stock, valued at $3,963,881.25. (NYSE:WTI) for 2.70M shares. Southwest Airlines Co . (NYSE:LUV), maintained return on investment for the last twelve months at 12.64, higher than what Reuters data shows regarding industry's average. Read More

Continue Reading »

Trump Quotes Old Lawyer To Slam Mueller For 'Screwing With' The President

Trump Quotes Old Lawyer To Slam Mueller For 'Screwing With' The President

Asked what questions might be appropriate, the lawyer Rudy Giuliani , a former NY mayor, suggested two to Reuters: "Was there some agreement with the Russians?" But he really has his heart into it. US President Donald Trump on Friday (May 4) shifted his position over possible talks with US Special Counsel Robert Mueller , saying his lawyers have advised him against any talks but that he would submit to questioning if it was "fair". Read More

Continue Reading »

After Binny Bansal, Sachin may exit from Flipkart

After Binny Bansal, Sachin may exit from Flipkart

Although Sachin's exit from Flipkart looks imminent, Walmart is holding on to Kalyan Krishnamurthy, the web retailer's present chief executive, TOI further said citing sources. last week to oversee final lap negotiations with Walmart. People familiar with the negotiations said Walmart has been keen on retaining only one of the two founders as they fine-tune the deal. Read More

Continue Reading »

Italy April factory activity growth weakest since Jan 2017 - PMI

Italy April factory activity growth weakest since Jan 2017 - PMI

In contrast to the trend we saw over the previous two months - and despite reports of improving domestic demand conditions - staffing levels stagnated at the start of Q2-2018. Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April. IHS Markit said optimism among manufacturers dipped to a five-month low in April as concerns about Brexit, trade barriers and the overall economic climate remained widespread. Read More

Continue Reading »

Mueller gives list of questions to Trump's lawyers

Mueller gives list of questions to Trump's lawyers

Most of the questions the Times printed focus on whether Trump may have obstructed justice or tried to frustrate the FBI's Russian Federation investigation, including whether he asked then-FBI Director James Comey to lay off then-national security adviser Mike Flynn, whether he leaned on others to pressure Comey, and why he fired Comey. Read More

Continue Reading »

Suppliers could be squeezed by Asda Sainsbury's merger

Suppliers could be squeezed by Asda Sainsbury's merger

Sainsbury's and Walmart's Asda are in talks to create Britain's biggest supermarket group, a combination which would surpass Tesco's grocery market share and be worth up to £15billion (R254.5bn). "It's a proud Yorkshire business and I'm a proud Yorkshire man so Asda, I'm delighted to say, will remain in Yorkshire with its headquarters in Yorkshire because this proposal is about a twin brand strategy with Asda and Sainsbury's remaining very much separate brands". Read More

Continue Reading »

Asian Stocks Follow Wall Street Lower

Asian Stocks Follow Wall Street Lower

Volume on US exchanges was 6.67 billion shares, compared to the 6.75 billion average for the full session over the last 20 trading days. But the comments from Caterpillar's executives, as well as from other major companies like 3M and Sherwin-Williams, had investors worrying about whether that growth will show up. Read More

Continue Reading »

Marquez wins sixth consecutive MotoGP in Austin

Marquez wins sixth consecutive MotoGP in Austin

MARC Marquez couldn't have headed to a better circuit after his turbulent fortnight. By the halfway mark, the race win was all but sealed as Marc Marquez was flying and his race lead was over five seconds. Marquez had seemed cavalier about the penalty that bumped him from pole position and showed why on Sunday: No other rider was in his class once the race started. Read More

Continue Reading »