Markets

U.S. FCC chairman to propose reversing 'net neutrality' rules

U.S. FCC chairman to propose reversing 'net neutrality' rules

Comcast Company is the parent company of NBCUniversal. Pai has now issued a proposal to repeal that reclassification, called Title II, raising alarms among net neutrality advocates and throughout the tech industry. Is it possible for the commission to enact net neutrality protections under a lighter regulatory regime this time around? But opponents of the repeal say that there is no reason to remove the classification, and that competition amongst the USA service providers has thrived ... Read More

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Uber plans on launching a network of flying electric vehicles

Uber plans on launching a network of flying electric vehicles

Though it carries the potential to cut down on commute times and reduce transit fatalities, it's clear from Uber's own admitted concerns that Elevate is a massive undertaking. Uber is also in collaboration with businesses that the company needs to develop VTOL vehicles and charging stations. ChargePoint has raised almost $250M since inception in 2007 and hosts over 33,900 chargers globally to provide over 23M charges to electric vehicles. Read More

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Netflix on the verge of hitting 100 million subscribers

Netflix on the verge of hitting 100 million subscribers

Netflix management chalked up the subscriber growth miss in part to the delay of popular original content. Netflix started life as a DVD rental business in 1998, but launched its video streaming service in 2007. The company's progress toward reaching that goal has helped drive Netflix's stock price progressively higher during the past five years, a stretch that has seen the video service add 72 million more subscribers. Read More

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BJP will bring revolutionary socio-economic change in 2022: Modi

The BJP chief told the party members that time had come to tell the world that a political party with a specific ideology could meet aspirations of the people and serve the nation. Asked about the comment of Modi on triple talaq , Union Minister Nitin Gadkari, who briefed the media later, said the Prime Minister briefly spoke on the issue saying "Muslim women should get justice and none should be exploited". Read More

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Unilever ice cream brands boost overall sales

Unilever ice cream brands boost overall sales

Underlying sales-which strip out the impact of foreign exchange volatility-grew by 2.9%, beating analyst estimates for growth of 2%. Nestle and Unilever are joining apparel makers Burberry Group Plc and Ralph Lauren, which are trying to wean themselves off discounting, especially in the US Alcoholic beverage companies such as Diageo Plc are also trying to ride a trend of "premiumization" as consumers shift to fewer but more expensive purchases. Read More

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Ontario cops arrest more than 100 men in child sex trafficking investigation

Ontario cops arrest more than 100 men in child sex trafficking investigation

The men charged range in age from 18 to 71 years old, police said , adding that 19 men believed they were buying sex from a 13- or 14-year-old girl. Truong said the York force has a three-pronged approach to human trafficking: targeting the traffickers themselves who force women and girls to perform sex for money, rescuing the victims and stopping the demand for sex with children. Read More

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Atkins agrees £2.1bn takeover terms with SNC-Lavalin

Atkins agrees £2.1bn takeover terms with SNC-Lavalin

Subject to approval by Atkins shareholders, who are being recommended to accept the offer by the board, the acquisition is expected to become effective during Quarter 3 of 2017. I look forward to welcoming Atkins' employees into our combined company. The acquisition will bring new and complementary capabilities to SNC-Lavalin in three of its four sectors, and with essentially no overlap in its service offering, with a significant presence in Europe, U.K., Scandinavia, the U.S., Middle East ... Read More

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March jobs report shows divergence between households and companies

March jobs report shows divergence between households and companies

Most analysts expect hiring to return to a pace closer to 178,000, the average monthly job gain for the past three months and close to the solid monthly average for 2016. In Buckingham County, the unemployment rate decreased from 6.9 percent in January to 6.2 percent in February. Economists had expected a decline in hiring in March after job gains in January and February had averaged a robust 218,000. Read More

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Ford unveils 1st gasoline-electric hybrid

BorgWarner says it is showcasing an extensive product portfolio for combustion, hybrid and electric vehicles at the Shanghai Auto Show, but there is an emphasis on electrification tech. Hence the proposal, released in September, calling for electric or gasoline-electric hybrids to make up 8 percent of every automaker's output next year. Read More

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Pagegroup PLC (PAGE) Upgraded by Credit Suisse Group AG to "Neutral"

The Company's orthopedic medicine portfolio includes ORTHOVISC, MONOVISC, and CINGAL, which alleviate pain and restore joint function by replenishing depleted HA, and HYALOFAST, a solid HA scaffold to aid cartilage fix and regeneration. The company has market cap of 4.66 billion GBP. The Firm operates through five divisions: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; United Kingdom, which includes sales of cut and ... Read More

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Oil prices up for 3rd straight week

Oil prices up for 3rd straight week

Kachikwu, who disclosed the increase in oil output to two million bpd in February to the House of Representatives Committee on Petroleum Resources (Upstream), also spoke on the Forcados Oil Terminal. While the historic agreement between producers that went into effect January 1 "induced a euphoric and unsustainable surge" in bullish bets by investors, that also set the stage for an inevitable sell-off as record fourth-quarter OPEC output and oil stored at sea moved to onshore sites, according ... Read More

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Netflix about to cross 100-million subscriber mark

Netflix about to cross 100-million subscriber mark

Over the past ten years what really did it for Netflix was the emergence of phones and tablets that enabled people to watch videos with mobility, said Wedbush Securities analyst Michael Pachter. HBO has 134 million subscribers worldwide, including viewers paying for an internet-only version of the channel that was inspired by Netflix's success. Read More

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BP races to shut Alaska North Slope well after finding a leak

According to a Sunday report from the Alaska Department of Environmental Conservation, the well is no longer spraying crude oil , as it was when employees of BP Exploration Alaska Inc. State officials say a cleanup will begin once the release has been controlled. Hilcorp Alaska has discovered several oil and natural-gas leaks in pipelines, but ice made had it impossible to fix the leaks. Read More

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As millions watch via webcam, giraffe gives birth in New York zoo

As millions watch via webcam, giraffe gives birth in New York zoo

Zoo officials have yet to announce the calf's gender. Following the announcement that the giraffe was finally giving birth, the YouTube live feed had nearly a million current viewers. Many grew frustrated as weeks turned into months, with some even speculating that it was all a ruse by the for-profit zoo that has raised more than $120,000 on GoFundMe , launched a subscription text message service to find out the latest on the pregnancy, and got Toys "R" Us to sponsor the livestream . Read More

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Boy killed in classroom was 'happy child' with rare disorder

Boy killed in classroom was 'happy child' with rare disorder

San Bernardino County Police believe the suspect is down and there's no further threat. The 600 other students at the school were bused to safety at California State University's San Bernardino campus, several miles away. They were told to go to a nearby high school where they would be reunited with their children. "Unlike disorders that can make connecting with your child hard, children with Williams syndrome tend to be social, friendly and endearing", Superintendent Dale Marsden ... Read More

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Apple may buy stake in Toshiba's semiconductor business

Apple may buy stake in Toshiba's semiconductor business

With its stock price continuing its decline, Toshiba likely hopes that it can make the sale as soon as possible. The bulk of Apple's iPhones are manufactured at Foxconn's extensive manufacturing base there. The Nikkei Asian Review has reported that Toshiba may sell a 20% stake in the memory business for between $1.77 billion and $2.65 billion, "while retaining a majority stake and keeping the new company in group earnings". Read More

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Activists to use Tax Day to tell Trump: Show us returns

A Pew Research Center survey released 10 days prior to Trump's inauguration found that 60 percent of respondents said the president has a responsibility to release his returns, compared with only 33 percent who said he did not. Over the last 40 years, presidents and major-party nominees have released some of their tax returns. Critics say Trump's lack of transparency means the public doesn't have enough information to determine whether his moves as president could represent a conflict of ... Read More

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