Markets

Microsoft to buy LinkedIn for $26.2B

Microsoft to buy LinkedIn for $26.2B

Microsoft Corporation and LinkedIn Corporation announced this morning, Microsoft is acquiring the assets of the popular business social network for $26 billion dollars. LinkedIn executives, meanwhile, vowed that the company would retain its brand, culture and independence while taking advantage of Microsoft's resources to grow and innovate. Read More

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US Housing Starts Fell 0.3%; Supply Seen Tightening

US Housing Starts Fell 0.3%; Supply Seen Tightening

Shares (Berlin: DI6.BE - news ) in the nation's largest homebuilder, D.R. Horton Inc, advanced 1.31 percent and Lennar Corp gained 1.0 percent. Building permits rose 0.7% to a 1.14-million unit rate in May. The relieving results in starts support builders' positive outlook on single-family sales that BUILDER recently reported. Economists had forecast that starts fell 1.9% month-on-month after a downward-revised 4.9% jump in April, according to Bloomberg. Read More

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Oil market to reach balance by end of year: Opec

The International Energy Agency believes that the price of oil isn't likely to go above $50/barrel, despite a rise of almost 90% since its thirteen-year low back in January. They include Iran's sharp increase in output, political turmoil in Libya that has contained its output, Nigeria's security problems, Canada's slow return to full output after forest fires curtailed production from its oil sands hub and a possible rebound in USA production encouraged by firmer prices. Read More

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AVEVA terminates combination talks with Schneider Electric; to resume trading

AVEVA terminates combination talks with Schneider Electric; to resume trading

The companies have since been in talks over the merits of the proposed deal, that would have be a reverse takeover under United Kingdom listing rules. In exchange, Aveva would have got cash from Schneider. It is no secret that Longdon has steered a strategy of diversifying the group's products and services to minimise the risk of dependancy on oil & gas, given macro-economic circumstances. Read More

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Pieces of missing EgyptAir plane's cabin found

This is a developing story . Investigators revealed in a statement on June 13 that new Egyptian military images confirm that the plane had turned sharply in mid-air before crashing, according to Daily News Egypt . The Laplace is equipped with three detectors created to pick up those signals, which in the case of the EgyptAir plane are believed to be at a depth of some 3,000 meters (9,842 feet). Read More

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Mallya PMLA case: ED replies to Interpol

Mallya PMLA case: ED replies to Interpol

In a statement , he said that the latest ED move will make it hard to raise money to repay the banks associated with the default. Liquor baron Vijay Mallya, who owes Rs. 60-year-old Mallya who is believed to be living in London has been served with Interpol Red Corner Notice (RCN) with global arrest warrant issued against him. Read More

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Queen's birthday brings together 4 generations of royal family

Later this morning, a now 1-year-old Charlotte is expected to be on the balcony with her brother Prince George , almost 3, for the annual post-parade fly-past by Royal Air Force jets. The Prince of Wales, who is Colonel of the Welsh Guards, the Princess Royal, Colonel of the Blues and Royals, and the Duke of Cambridge, Colonel of the Irish Guards, will be on horseback. Read More

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House Republicans seek to shift focus from Trump to security

House Republicans seek to shift focus from Trump to security

I don't think. Claiming a person can't do the job due to their race is sort of like the textbook definition of a racist comment. His plans, "the results of months of work by House Republicans", will soon be presented to the voters. Ryan says Obama "shrugged off" the Islamic State group. He made the remarks at a news conference announcing House Republicans' policy prescriptions for combating poverty, the first of several areas in a platform they hope will unite the party. Read More

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De Gea sent home from Euros

A witness claims the defendant forced her and another girl into sex with two Under-21 internationals in 2012. Questioned as to whether he knew either Torbe or the woman, he replied: "The truth is that I have no idea where something like this can come from and how it can be in the press". Read More

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Jennifer Lawrence joins Elizabeth Holmes biopic

Jennifer Lawrence joins Elizabeth Holmes biopic

The biopic will be directed by Oscar-winning screenwriter Adam McKay, who previously helmed comedies The Big Short , Anchorman 2, The Other Guys, and Step Brothers . Theranos was valued as high as $9 billion two years ago, with Holmes' net worth pegged at $4.5 million. Once worth billions of dollars, Holmes' personal wealth was recently estimated at zero dollars , according to Forbes . Read More

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Curry says he needs to play better, and Warriors say he will

He's two wins away from being the 14th coach in National Basketball Association history to win two rings, two wins away from a seventh ring in all, having won five as a player with the Chicago Bulls and San Antonio Spurs. Kevin Love shot, dunked and worked out with the Cavaliers on Thursday. "(It was an) I-feel-like-I'm-letting-you-guys-down moment without him actually even saying it. Read More

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GM to expand research into self-driving cars

GM intends to continue building vehicles in Canada for decades to come, Mr. Carlisle said, but he reminded an audience of politicians, engineering-centre employees and media that the company also makes vehicles in Ingersoll, Ont. Earlier this year, GM Canada opened its 2908 Communitech Innovation Lab in Waterloo, Ont.to help incubate urban mobility and connected vehicle innovations. Read More

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'Shield' actor to be sentenced in killing of wife

Judge Robert Perry then sentenced the former FX actor to the statutory maximum of forty years to life in prison. He later chose to hurt his wife, not kill her, planning to shoot her in the leg with her father's revolver. I say again my daughter April Denise was the best daughter in the world. The murder occurred in front of the couple's two young children. "One of them wakes at the crack of dawn before I go to work just to hug me because he fears I will not return home". Read More

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Britain prepares to mark queen's official 90th birthday

There are plenty of opportunities to take part in the celebrations - although some of the events are exclusive to the Royal Family and special guests. Dean of Lichfield the Very Reverend Adrian Dorber said: "This is an historic occasion for our country, and it seems fitting that we should celebrate Her Majesty's 90th birthday with some memorable services and events here at the cathedral". Read More

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Gowdy Drafted in Second Round

Gowdy Drafted in Second Round

A franchise receives compensatory or supplemental picks based on free agency. Let's take a look at what the Mets have done in the first two rounds under Sandy Alderson. The Philadelphia Phillies own the first pick , and Cincinnati Reds, Atlanta Braves, Colorado Rockies and Milwaukee Brewers round out the top five selections. Read More

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