Business


Delta to test-drive self-serve biometric scanners to check bags
- May 16, 2017

Passengers will scan their passports, and then facial recognition will scan their faces to verify their identity. Delta said facial recognition technology is a "natural next step" after self-service innovations like ticketing kiosks and check-in via the Fly Delta Mobile app as it seeks to streamline airport processes. (more...)
The FTSE 100 has broken its record all-time high The FTSE 100 has broken its record all-time high
- May 16, 2017

Oil prices were rallying with Brent crude, the worldwide crude benchmark, up 2.4% to $52.06 per barrel, and West Texas Intermediate, the United States benchmark, 2.5% higher to $49.01 a barrel at the time of writing. Shares in RWE rose almost 4 percent after the German utility posted core profit slightly above expectations, pointing to cost cuts and improved utilisation at its power plants division. (more...)
Judge orders Uber not to use technology taken from Waymo Judge orders Uber not to use technology taken from Waymo
- May 16, 2017

A spokesperson of Lyft stated that as Waymo provides the best self-driving technology now, the Lyft Waymo collaboration will help in accelerating their visions to provide the most efficient transportation facility. Crucially for Uber , the ruling did not shut down its self-driving vehicle project. Evercore ISI analyst Arndt Ellinghorst said in a note to investors that it's "likely that Waymo's motivation for the partnership would be to access the established base of Lyft's ... (more...)
Why Trump chose Saudi Arabia for first foreign trip Why Trump chose Saudi Arabia for first foreign trip
- May 15, 2017

Washington , London - US President Donald Trump will kick off his first global trip as president by visiting Saudi Arabia later this month, a stop, which he said, would be historic. "Whether he can or can't" achieve what others could not, "it's our job to try", one official said. During the Israel visit there will be a discussion about " ways to advance a genuine and lasting peace between the Israelis and Palestinians ", according to the White House. (more...)
Eurovision finals interrupted by mooning streaker draped in Australian flag Eurovision finals interrupted by mooning streaker draped in Australian flag
- May 15, 2017

Salvador Sobral , center left, reacts to cheering fans at Lisbon airport escorted by policemen, Sunday, May 14 2017, after winning the final of the Eurovision Song Contest with his song " Amar pelos dois ", in Kiev. Of the 12 most recent Eurovision winners, nine have performed between the 17th and 22nd slot on the night. The victor was decided in 2 sets of votes; the first 50% of the votes were determined via each of the national juries from each participating country which were unveiled ... (more...)
US institutions "under assault': Ex National Intelligence head"
- May 15, 2017

Former National Intelligence Director James Clapper testifies on Capitol Hill on May 8. Clapper said he "would find that profoundly out of character for what" he knows of Comey "and his integrity" that the former Federal Bureau of Investigation chief would make such a pledge. (more...)
Snapchat Reaches 166 Million Daily Users
- May 15, 2017

It's not unusual for tech startups to post many years of losses as they build market share and recoup their initial investments. They were trading down significantly, at some points by more than 25 percent, during after-hours trading on the NYSE. (more...)
Ahye 4th in Shanghai Diamond League Ahye 4th in Shanghai Diamond League
- May 15, 2017

Omar McLeod saw off a stellar field to win the 110 metres hurdles in 13.09 seconds, with the Olympic champion finishing ahead of Orlando Ortega, while Noah Lyles equalled the fastest time in the world this year in the 200 metres as the 19-year-old stopped the clock in 19.90. (more...)
Warren Buffett Tells Value Investors To Resist The Temptation To Speculate
- May 14, 2017

Speaking at an annual conference of his company's shareholders in Omaha, Nebraska, on Saturday, Buffett said that healthcare costs were the biggest problem facing United States businesses, adding that his federal income taxes previous year would have gone down 17 percent had the new healthcare law been in effect. (more...)
China, US reach agreement on beef, poultry and natural gas China, US reach agreement on beef, poultry and natural gas
- May 13, 2017

The measures include the lifting of a 2003 ban on importing American beef linked to concerns about "mad cow" disease, and China being allowed to send cooked poultry to the US. beef for the first time in 14 years, following last month's trade talks between president Donald Trump and Chinese premier Xi Jinping at Trump's Florida beach resort. (more...)
China downplays expectations from homemade C919 jet
- May 13, 2017

In this November 2, 2015 photo, workers roll out the first C919 jet aircraft manufactured at the state-owned Commercial Aircraft Corp. of China Ltd. (COMAC) in Shanghai. According to Comac, a total of 570 orders for the aircraft have been obtained from 23 customers. China's civil aviation regulator has issued a top-level red alert for mass flight delays that may hit the Pudong airport between 1pm and 3:30pm today. (more...)
Apple to spend $200 million supporting Corning plant in Ky Apple to spend $200 million supporting Corning plant in Ky
- May 13, 2017

Apple has found its first target for a new fund aimed at improving advanced manufacturing around the world. The investment will go toward R&D, capital equipment needs, and glass processing at the 65-year-old Corning plant. Apple said earlier in the month that the $1B fund is meant to create a "ripple in the pond" effect, where jobs will be created in other companies working with manufacturers who receive Apple investment. (more...)
Foreign buyers hit with increased taxes and charges
- May 12, 2017

But with new taxes on banks and big multinational companies, the Budget is still projected to return to a surplus by 2020-21. The A$1.2 billion raised over four years will fund training for Australian workers. S&P has had Australia on negative outlook since July and is expected to deliver its verdict on the budget in coming days. This comes at a cost of $2.2 billion over four years. (more...)
The Entire Internet Is Trolling President Trump Over 'Priming the Pump'
- May 12, 2017

Trump said . "Have you heard that expression used before?" Trump asked. " Because I haven't heard it ". Sounds good, huh? I just came up with that. "It is OK, because it won't increase it for long". Donald Trump's most recent achievement is that he's adamant he coined a phrase, despite the fact it has been widely used for more than 200 years. (more...)
EasyJet plc's (EZJ) Buy Rating Reiterated at HSBC Holdings plc
- May 11, 2017

Among 34 analysts covering easyJet PLC (LON:EZJ), 19 have Buy rating, 6 Sell and 9 Hold. This was revealed in a research note on Monday, 8 May. The firm has "Neutral" rating by Macquarie Research given on Friday, May 27. Shares of Wpp Plc (LON:WPP) opened at 1653.7284 on Monday. Value of 25.00000. Checking in on some valuation rankings, EM Systems Co., Ltd. (TSE:4820) has a Value Composite score of 43. (more...)
Hertz, Called 'Dangerous' by Analysts, Gets Slaughtered After Brutal Quarter Hertz, Called 'Dangerous' by Analysts, Gets Slaughtered After Brutal Quarter
- May 10, 2017

Hertz shares were off more than 20% midmorning before regaining ground as investors digested the poor earnings results reported after the market closed Monday. Presently, Analysts assigned consensus EPS estimate of $-0.90 for present quarter and one month ago projected EPS estimate was set at $-0.78, according to FactSet data. (more...)
Oman- Saudi Arabia and Russian Federation signal oil cuts extension into 2018 Oman- Saudi Arabia and Russian Federation signal oil cuts extension into 2018
- May 10, 2017

OPEC Secretary General Mohammad Sanusi Barkindo admitted to CNBC in April that the group's "credibility" was at stake ahead of the meeting. The country is in its second year of recession, brought on by lower oil prices, which have slashed government revenues, weakened the currency and caused dollar shortages, frustrating businesses and households. (more...)
Politics collide with May Day rallies ahead of French election
- May 10, 2017

Numerous protesters who took to the streets Monday were reportedly there to show their distaste for both far-right candidate Marine Le Pen and centrist Emmanuel Macron . The clashes foreshadowed Sunday's election between Emmanuel Macron and Marine Le Pen , the two winners of the first round of France's presidential poll. (more...)
Oil slides below $45 as USA shale confounds Opec
- May 09, 2017

Oil prices fell to fresh five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russian Federation was ready to join OPEC in extending supply cuts. The oil price surge saw USA shale production rekindled and output is up a massive 468,00 barrels a day to 9.239 million barrels a day. They also pointed to higher-than-expected United States oil production. (more...)
Williams Capital Analysts Reduce Earnings Estimates for Carrizo Oil & Gas Inc (CRZO) Williams Capital Analysts Reduce Earnings Estimates for Carrizo Oil & Gas Inc (CRZO)
- May 09, 2017

Currently, EPS of Carrizo Oil & Gas Inc. Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Thursday, February 23rd. The oil and gas exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.16 by $0.03. (more...)
GOP-led panel OKs bill to overhaul Dodd-Frank
- May 08, 2017

The measure would effectively neuter the Consumer Financial Protection Bureau. Unsurprisingly, the hearing revealed partisan differences over the effectiveness of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and the benefits of reforms proposed in the CHOICE Act . (more...)
Trump proposes $2.4 trillion corporate tax cut Trump proposes $2.4 trillion corporate tax cut
- April 26, 2017

Democrats said they smell hypocrisy over the growing national debt, which stands at almost $20 trillion. The official budget scorekeeper for Congress said Tuesday that even a more modest rate cut, to 20 percent, would add to long-term budget deficits - even if the tax cut is temporary. (more...)
Bill shielding victims' sexual past clears NH House committee Bill shielding victims' sexual past clears NH House committee
- April 26, 2017

The North Carolina Justice Center, a liberal-leaning group, estimated in a report that school districts statewide would have to locate between 3,000 and 5,400 teachers in grades K-3 to comply with the class size change. Senator Chad Barefoot says the state already gives districts money to reduce size, but in some cases they are not using the money for that reason. He also denied that legislators were aware that the class-size reductions would put teacher jobs at risk. (more...)
Marissa Mayer is about to get really rich off Yahoo's sale Marissa Mayer is about to get really rich off Yahoo's sale
- April 26, 2017

Just $25m - if one can put "just" in front of a number of that size - is part of the "golden parachute" terms that would accelerate Mayer's restricted stock units in the event of a sale and her departure from the company. Together, those amounts are worth $187 million at Tuesday's closing share price. The whopper of a payday does not include her salary, bonuses and stock awarded over the past five years, or the stock she's already sold. (more...)
William, Kate and Harry cheer on record London Marathon field
- April 24, 2017

During her time at the Global Academy, the Duchess said that parents should begin teaching their children at a very early age about emotions and mental through play if they do not talk yet. "We have to make the strongest, most relentless attempt we can to normalise mental health issues so that people feel they can come forward". Asked if any of them had considered taking on the 26.2 mile challenge, Prince Harry said: "Yes I think all three of us were tempted, but it was probably ... (more...)
Australian visa changes to limit foreign workers in advertising and PR roles
- April 24, 2017

Applicants will need to achieve a IELTS level 6 equivalent of English. He said citizenship would only be granted to those who supported Australian values, respected the country's laws and "want to work hard by integrating and contributing to an even better Australia". (more...)
US pursues 3% growth via tax reforms, regulatory relief US pursues 3% growth via tax reforms, regulatory relief
- April 24, 2017

Mnuchin argued that Trump's economic agenda, including tax cuts, streamlined personal and corporate income tax systems, reducing unnecessary regulations, infrastructure spending and a push for more "fair" trade would be both "good for the United States economy and good for world growth". (more...)
Canada home resales, prices rise again in March: CREA Canada home resales, prices rise again in March: CREA
- April 23, 2017

Anyone obtaining a permanent residency or Canadian citizenship within four years of purchasing their home would receive a full rebate of the NRST. "Essentially in Canada, we've got low property tax rates especially in our expensive cities, but high income and sales taxes", says Davidoff, who says that makes for expensive homes and low take-home pay. (more...)
United CEO: We won't let police drag people off planes anymore United CEO: We won't let police drag people off planes anymore
- April 23, 2017

He continued to uphold that United Airlines' employees followed established company procedures for handling the situation. According to records from the Kentucky Board of Medical Licensure, Dao went to medical school at the University of Medicine of Ho Chi Minh City in Vietnam, graduating in 1974. (more...)
Crude Rallies Again Amid Massive Oil & Gasoline Draw
- April 23, 2017

US West Texas Intermediate ( WTI ) crude futures were up 26c at $53.66 a barrel, on track for a seventh straight session of gains. The report also showed that gasoline inventories decreased by 2.973 million barrels, compared to expectations for a draw of 1.721 million barrels, while distillate stockpiles fell by 2.153 million barrels, compared to forecasts for a decline of 0.885 million. (more...)
EBay Inc. Delivers Another Solid Quarter EBay Inc. Delivers Another Solid Quarter
- April 23, 2017

EBay's shares fell as much as 4.5% after closing at $33.85 in NY. Marketplace gross merchandise volume (GMV) increased 2% year over year (5% at constant currency), to $20.0 billion, which translated to 2% growth in revenue, to $1.8 billion. (more...)
Young immigrants won't 'rest easy' despite Trump's comments Young immigrants won't 'rest easy' despite Trump's comments
- April 23, 2017

Trump hasn't given a timeline for when his administration's review of Iran policy - including whether to stick with the deal - will be complete. Mr Trump , who took a hard line on immigration as a White House candidate, vowed again to fulfil his promise to build a wall along the US-Mexico border. (more...)
Mortgage rates tumble below 4 percent again Mortgage rates tumble below 4 percent again
- April 21, 2017

Because home loan rates tend to follow the same path as long-term bond yields, they also fell. 10 year ARM interest rates have been offered at 3.720% today and an April of 3.927%. USA mortgage industry group says it recommends a multiple guarantor model with at least two entities, preferably more, in a reform of secondary mortgage market. (more...)
United CEO says no one will be fired for dragging incident
- April 20, 2017

Listing it a "system failure" at a conference call, Oscar Munoz said: "this is a true learning opportunity and will ultimately prove to be a watershed moment for our company as we work harder than ever to put our customers at the center of everything we do". (more...)
Gold hits five-month peak on rising geopolitical worries Gold hits five-month peak on rising geopolitical worries
- April 20, 2017

The rising gold prices is considered to be implication of political escalation around North Korea. USA gold futures were 0.6 per cent lower at $1,288.80. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.77 percent to 848.92 tonnes on Thursday from 842.41 tonnes on Wednesday. (more...)
Vijay Mallya arrested in London; likely to be extradited to India
- April 19, 2017

The Indian investigation agency ( CBI ) said that it's a great win for efforts to bring Mallya to Justice. "Extradition hearing in Court started today as expected". The UK authorities had also, on 21 February, conveyed to their Indian counterparts that the secretary of state had certified their extradition request. (more...)
Fly the funnier skies: Mideast airlines troll United Fly the funnier skies: Mideast airlines troll United
- April 19, 2017

The backlash from the incident resonated around the world, with social media users in the United States, China and Vietnam calling for boycotts of the No. Munoz said he has not considered resigning. "That is not who are family at United is". Attorneys for Dao filed court papers Wednesday asking the airline and the city of Chicago to preserve evidence in the case. (more...)
Aspen Skiing buying California's Mammoth Resorts ski areas Aspen Skiing buying California's Mammoth Resorts ski areas
- April 19, 2017

Intrawest wholly owns or operates six four-season mountain resorts including Stratton Mountain in Vermont, Steamboat in Colorado and Mont Tremblant in Quebec, Canada, as well as an adventure travel business. Though, at that time, Mammoth Resorts only operated Mammoth Mountain and June Mountain. Steamboat now collaborates on the Rocky Mountain Super Pass Plus, which offers unlimited access to Winter Park Resort , Copper Mountain and Eldora Mountain Resort, plus six days at Steamboat, three ... (more...)
Bank of America profits jump, helped by interest rates
- April 19, 2017

Profits at Bank of America soared in the first quarter of the year, powered by gains in its global banking unit. Otter Creek Advisors LLC now owns 924,061 shares of the financial services provider's stock valued at $14,868,000 after buying an additional 148,810 shares during the last quarter. (more...)
PayPal heads in-store with Android Pay and Wells Fargo
- April 19, 2017

But, this will require you to link your PayPal account to the Android Pay service. Stay tuned for the updates of Android Pay and PayPal apps. Today, we're excited to announce that we are extending our partnership with Google to make it easy for consumers to use PayPal as a payment method in Android Pay wherever Android Pay is accepted, in-store, in-app and online. (more...)
Sturgeon: May election move 'huge miscalculation' Sturgeon: May election move 'huge miscalculation'
- April 19, 2017

Writing in the Telegraph, the Scottish Tory leader predicted the Nationalists will "struggle" to repeat their 2015 achievement of winning 56 out of 59 Scottish seats and said "plenty of SNP MPs will now be looking over their shoulder". "I think it's important that we have this election now, I think it can strengthen the hand of the Government in our negotiations to make Brexit a success and also enable us to set out our plan for a stronger Britain - taking Britain forward beyond Brexit". (more...)
Walmart Is Giving New Discount Offers On Product Picked From Its Warehouses Walmart Is Giving New Discount Offers On Product Picked From Its Warehouses
- April 19, 2017

Lore was the founder of Jet.com, the company acquired by Wal-Mart for $3 billion during second half of 2016. "So, our customers should share in those savings". In 2014, president and CEO of Wal-Mart U.S. Greg Foran finally reversed that policy, allowing online price matching in all stores - a policy that extended to the retailer's own online prices. (more...)
Arconic CEO resigns amid pressure from Elliott Arconic CEO resigns amid pressure from Elliott
- April 19, 2017

But Arconic felt the move "showed poor judgement", leading to the decision for Kleinfeld to fall on his sword and end a decade-long career at the United States conglomerate. Through the Orbis family of funds, Orbis has been a shareholder in Arconic and its predecessor company, Alcoa Inc ., since 2013, and now owns more than 17.2 million shares of Arconic , or 3.9% of shares outstanding. (more...)
Not here to 'break any country': Canadian Defense Minister on 'Khalistani' allegations Not here to 'break any country': Canadian Defense Minister on 'Khalistani' allegations
- April 19, 2017

Military matters, trade, culture and innovation are among the issues Defence Minister Harjit Sajjan will be talking about during a trip to India. Sajjan, Canada's first defence minister of Sikh origin, will also travel to Amritsar home to the Golden Temple, the spiritual and cultural centre for the Sikh religion, as well as visit Punjab state capital of Chandigarh and India's largest metropolis, Mumbai. (more...)
Apple handed self-driving test permit
- April 18, 2017

On Friday, California Department of Motor Vehicles made the news public and the agency said Apple has been given permission to test three cars manufactured by Lexus. Kenner said in his letter that the iPhone maker was "investing heavily" in the study of automation and machine learning, and it was excited about the potential of automated systems in a variety of areas including transportation. (more...)
Insights On Trending Stocks- Caterpillar Inc. (NYSE:CAT), Aetna Inc (NYSE:AET)
- April 18, 2017

TNB Financial bought a new position in Caterpillar Inc. The stock, after opening at $94.60, closed at $93.10 by scoring -1.86%. Caterpillar shares are down 1.1% to $95.99 in recent trading. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.31%. (more...)
Button to make F1 return at Monaco Grand Prix
- April 18, 2017

Button, who had regarded the concluding race of the 2016 campaign in Abu Dhabi as the last of his 17-season career, will be one of McLaren's two drivers at Monaco, with Belgium's Stoffel Vandoorne in their other vehicle. "I'm thrilled to be making a one-off return to Formula One racing, and I couldn't think of a better place to make that return than my adopted home Grand Prix of Monaco", Button said in the McLaren statement. (more...)
Pence to open Asian trip amid tensions with North Korea
- April 17, 2017

The United States, South Korea and other countries have vowed to apply more pressure on the North, but so far nothing has worked to stop Pyongyang's nuclear program. Analysts warn that even failed missile launches provide valuable knowledge to North Korea as it tries to build its weapons program. Last year, Pyongyang carried out two nuclear tests and over two dozen of test launches using ballistic missile technology. (more...)
Tesla jumps after Elon Musk teases commercial truck, pickup
- April 16, 2017

Musk is basically narrowing the timeline for unveiling electric trucks, an ambition that Tesla laid out in its "Master Plan, Part Deux" past year. It wasn't all bad from Jackson, however, as Bloomberg said the CEO also complimented the effort from Tesla founder Elon Musk to build demand for his company's vehicles. (more...)
BC party leaders partake in Sikh celebration BC party leaders partake in Sikh celebration
- April 16, 2017

Horgan said he wouldn't change a Liberal plan to reduce the small business tax. "There's no tolls in Kelowna, there's no tolls on the Sea to Sky Highway, why should there be tolls on people who live south of the Fraser?" When challenged on how the NDP would pay for any expansion at the Delta-Richmond crossing, Horgan said it would be paid for like any other capital project. (more...)