Business


US June single-family home sales rise 0.8 pct US June single-family home sales rise 0.8 pct
- July 27, 2017

USA new-home sales rose slightly in June, a signal of gradual recovery in a segment of the market that continues to suffer from severe supply constraints. Median sales prices dropped to $310,800 from $324,300 in May, though that's still 3.4 percent above the same time past year. The U.S. Census Bureau figures for new-home sales are based on a relatively small sampling size and consequently involve high margins of error each month. (more...)
Taco Bell and Lyft partner to bring new feature called Taco Mode Taco Bell and Lyft partner to bring new feature called Taco Mode
- July 27, 2017

I'm getting paid $2.39 for this short ride, now I have to spend 15 min in a Taco Bell drive through to make my auto smell like fast food. Taco Bell didn't immediately return a request for comment. Correction: This post has been updated to include how the Taco Bell beef lawsuit was settled, but the point stands that you should eat nearly anywhere else. (more...)
United Nations condemns deadly attack against peacekeepers in auto United Nations condemns deadly attack against peacekeepers in auto
- July 27, 2017

Secretary-General António Guterres and the United Nations Security Council have condemned yesterday's killing of two peacekeepers in the Central African Republic's (CAR) south-eastern city of Bangassou. U.N. Secretary-General Antonio Guterres is warning that hard-won gains toward lasting peace in Central African Republic are threatened by fighting in the country's southeast and heightened inter-ethnic tensions. (more...)
Axis Bank profit drops 16% in Q1 to Rs 1306 crore Axis Bank profit drops 16% in Q1 to Rs 1306 crore
- July 27, 2017

FreeCharge was clocking about 1-1.5 million transactions daily before demonetization kicked in a year ago only second to Paytm. The current market cap of the company is Rs 126775.1 crore. 4,811 crore in the previous quarter, taking its gross non-performing loans to Rs. 22,030 crore at end-June. The bank's Net Interest Income (NII) grew by 44% to Rs 1808.90 crore in Q1 June 2017 over Q1 June 2016. (more...)
EIA Says US Will Set Oil Record Next Year EIA Says US Will Set Oil Record Next Year
- July 27, 2017

The EIA reported that gasoline inventories fell by 1 million barrels last week. US crude futures were up 29 cents to $48.17 a barrel as of 11:03 a.m. In a deal extended to March 2018, some non-OPEC and OPEC states agreed to cut oil production by 1.8 million barrels daily. The estimate provided by Zhang means that Chinese demand for foreign crude would rise by 400,000 bpd, and for the first time ever, rising imports could make China the world's top crude oil importer on an annual basis, ... (more...)
Alliancebernstein LP Has $92.45 Million Position in Ford Motor Company (F) Alliancebernstein LP Has $92.45 Million Position in Ford Motor Company (F)
- July 27, 2017

After this sale, 74,892 common shares of GM are directly owned by the insider, with total stake valued at $2,663,908. According to Balance Sheet of GM, Total cash on most recent quarter is 20.42 Billion. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.32%. $279,068 worth of Ford Motor Company (NYSE:F) was sold by FARLEY JR JAMES D . (more...)
Bahawalpur oil tanker tragedy resulted from lit cigarette, Senate committee told Bahawalpur oil tanker tragedy resulted from lit cigarette, Senate committee told
- July 27, 2017

The Lahore High Court (LHC) on Wednesday has sought recommendations from Oil and Gas Regulatory Authority (OGRA) for tackling substandard oil tankers without affecting the countrywide fuel supply. We don't accept the Ogra's demand of enhancing axils, he said. "The owners of oil tankers should come and talk to us". He said two-axle tankers had been used for the transportation of 40,000 litres of petrol. (more...)
Axis Bank to buy FreeCharge from Snapdeal for Rs 385 crore Axis Bank to buy FreeCharge from Snapdeal for Rs 385 crore
- July 27, 2017

Jairam Sridharan , chief financial officer at Axis Bank said, "acquiring FreeCharge will allow us to "top up" our services, the acquisition will help the bank double its customer base". While the former offered a larger sum, Freecharge made a decision to settle with Axis Bank instead. FreeCharge wallet is used to make payments for telecom, DTH and broadband recharges and for utility payments including electricity, gas and water bills. (more...)
Samsung's chip division alone may be bigger than Intel's entire business Samsung's chip division alone may be bigger than Intel's entire business
- July 27, 2017

Revenue increased 19.76 percent from a year earlier to 61 trillion won in the second quarter, and net income soared 89.04 percent to 11.05 trillion won. Samsung could soon unseat its biggest rival as the tech world's biggest money making machine. On Thursday, Samsung said it would continue a 9.3 trillion share buyback program this year, repurchasing 670,000 common shares and 168,000 preferred shares over the next three months. (more...)
HTC unveils Vive Standalone, an all-in-one VR headset HTC unveils Vive Standalone, an all-in-one VR headset
- July 27, 2017

The Vive Standalone will be powered by Snapdragon 835 mobile VR platform. While the price of HTC's new VR has been confirmed yet, according to sources cited by Bloomberg technology in its report, the Oculus headset may cost not more than $200 (approximately Rs12,855). (more...)
Ford's second quarter net income up on tax changes Ford's second quarter net income up on tax changes
- July 27, 2017

And full-year earnings would be in the range of $1.65 to $1.85, well ahead of the $1.51 anticipated on Wall Street. This was up from $39.49 billion a year ago. Adjusted earnings per share were 56 cents, above FactSet's earnings consensus for 43 cents per share. On a per share basis, net earnings rose to 51 cents from 49 cents. (more...)
Elon Musk unveils vehicle elevator envisioned for underground highway plan Elon Musk unveils vehicle elevator envisioned for underground highway plan
- July 27, 2017

On the other hand, the Facebook CEO Mark Zuckerberg seems to be quite pro-AI. A dispute between two representatives of Silicon Valley unfolded in that time, Musk called artificial intelligence and a threat to humanity. Musk responded back on Twitter on Tuesday accusing Zuckerberg to be out of his element. Earlier this month, Musk delivered a scary message while speaking to the National Governors Association: "I have exposure to the most cutting edge AI, and I think people should be ... (more...)
The Coca-Cola Co (KO) Q2 Revenues Plunge 16%, Still Beat Expectations The Coca-Cola Co (KO) Q2 Revenues Plunge 16%, Still Beat Expectations
- July 26, 2017

For the last quarter, shares have performed 15.20%. Franklin Resources Inc. boosted its position in shares of Coca-Cola Company (The) by 3.3% in the fourth quarter. Coca-Cola Company (The)'s payout ratio is 103.50%. If you are viewing this article on another site, it was illegally copied and reposted in violation of worldwide trademark and copyright law. (more...)
Significant decline in sperm counts in Western men Significant decline in sperm counts in Western men
- July 26, 2017

Some experts have suggested the drop is in an indication men are in worse health generally and the authors of the study say they used participants that were not known to have infertility problems or disease. The study also indicates the rate of decline among men living in these countries is continuing and possibly even increasing. But, that last part's just speculation. (more...)
Pacific NorthWest LNG project in Port Edward, BC, no longer proceeding Pacific NorthWest LNG project in Port Edward, BC, no longer proceeding
- July 26, 2017

Progress Energy, a wholly owned unit of Petronas, had even secured global investors for the project, who were to put up an estimated 36 billion Canadian dollars ($28 billion). There were worries over the potential threat to an important salmon habitat alongside concerns over greenhouse gases. However, the Lax Kw'alaams and Metlakatla bands had signed economic benefit agreements with B.C. (more...)
Gold Settles With a Slight Loss, Ending Its Streak Of Gains Gold Settles With a Slight Loss, Ending Its Streak Of Gains
- July 26, 2017

Political turmoil in Washington remains front and centre after senior adviser Jared Kushner confirmed four contacts with Russians during his father-in-law's presidential campaign and the transition. The US economy probably gained traction in the second quarter as spending by American consumers picked up after a lull early this year. Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. (more...)
ITV revenue as expected in H1, targets unchanged ITV revenue as expected in H1, targets unchanged
- July 26, 2017

The broadcaster said net advertising revenues dropped 8% to £769m for the first six months of the year while pre-tax profit slumped 16% to £259m. Analysts expect ITV's ad revenue to be down about 6% for the full year, which will be its worst annual performance since a 9.4% fall in 2009. (more...)
Advanced Micro Devices, Inc. (NASDAQ:AMD) Earns "Hold" Rating from Summit Redstone
- July 26, 2017

Sapphire Star Partners LP acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at $187,000. (NASDAQ: AMD ) on Wednesday, March 8. Norrod Forrest Eugene sold 36,030 shares worth $483,883. AMD shares were up 8.65% to $15.33 after hours Tuesday. Therefore 38% are positive. Morgan Stanley restated an "equal weight" rating on shares of Advanced Micro Devices in a research report on Monday, May 15th. (more...)
House panel wants Google, Facebook, AT&T CEOs to testify on internet rules House panel wants Google, Facebook, AT&T CEOs to testify on internet rules
- July 26, 2017

Many policy makers and tech-law experts say Congress has neglected to keep telecommunications laws up to date given the pace of change in technology and the growth of the companies that drive the internet. Democrats have so far refused to work with Republicans on internet legislation. The tech execs will include Facebook Inc. The rollback effort has generated considerable controversy, and more than 12 million comments - many of them opposing the rollback - have been filed with the FCC, ... (more...)
Gets Lil Wayne Ink Gets Lil Wayne Ink
- July 26, 2017

Drake has got a huge tattoo of Lil Wayne inked onto his arm. Lil Wayne played an integral part of Drake career before he became who he is today, some might even say there'd be no Drake without Lil Wayne . He also recently told Celine Dion that he wants to get a tattoo of her on himself in the future. I'm a highly tattooed person, although I don't consider myself a connoisseur of ink, but unlike Drake , I don't have random faces on my body-especially a face that ... (more...)
Weir Group PLC (WEIR) Scheduled to Post Quarterly Earnings on Thursday Weir Group PLC (WEIR) Scheduled to Post Quarterly Earnings on Thursday
- July 26, 2017

The rating was maintained by Peel Hunt on Thursday, January 5 with "Buy". Shares of AstraZeneca PLC (AZN.L) are moving on volatility today 0.83% or 42.00 from the open. It has a 17.95 P/E ratio. It operates through three divisions: Domestic, Import and Luxury. About 85,553 shares traded. It has outperformed by 0.18% the S&P500. (more...)
Fed policy meeting in focus this week Fed policy meeting in focus this week
- July 26, 2017

So far, the Fed has not proven its point - it has only taken policy actions in recent years during meetings that include press conferences. A pick-up in inflation would also change the market's views about future rate hikes. She described inflation as a "two-edge" problem, with the threat that prices could either rise too slowly or suddenly jump if a tight job market triggered wage pressures that stoked inflation. (more...)
KKR to buy WebMD in $2.8 billion deal KKR to buy WebMD in $2.8 billion deal
- July 26, 2017

The company holds 37.86 million outstanding shares and 37.29 million shares are floating in market. Shares rose 18 percent to $65 in premarket trading Monday. (NASDAQ: WBMD ) on Thursday, May 12 to "Buy" rating. (NASDAQ: WBMD ) has "Outperform" rating given on Tuesday, December 8 by RBC Capital Markets. The SEC filing shows that Vuori Kristiina MD performed a sale of 1,561 shares. (more...)
Markets close at record high, Nifty falls short of 10000-mark Markets close at record high, Nifty falls short of 10000-mark
- July 25, 2017

The NSE, or Nifty 50, rose 0.45 percent to a record high of 10,011.30, then pared some of the gains and was up 0.06 percent by 0448 GMT. Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share. (more...)
Uber's Ambitions Just Received Another Blow From Grab and Didi Chuxing Uber's Ambitions Just Received Another Blow From Grab and Didi Chuxing
- July 25, 2017

While their service is primarily using licensed taxis and private cars , their scope also extends to motorbike taxis, shuttle bus services, and carpooling in several markets. The funding will deepen the "strategic partnership" between Grab and its existing shareholders Softbank and Didi . "By deepening our strategic partnership, Didi and Grab reaffirm our shared commitment to innovating localised solutions to global urban development challenges from the world's fastest-growing ... (more...)