Business

Discovery announces $14.6 billion deal to buy Scripps Networks

Discovery announces $14.6 billion deal to buy Scripps Networks

The cash-and-stock deal values each Scripps at US$90, a 34% premium of the company's share price when talks with Discovery first began on Tuesday, July 18 . Those networks should complement Discover...

by · Business
Rulings on juvenile lifers could allow challenges

Rulings on juvenile lifers could allow challenges

Supreme Court decisions banning mandatory life without parole for juveniles. However, Larry Landis, of the Indiana Public Defenders Council, says he can't think of instance where such a sentence was i...

by · Business
Snapdeal calls off sale talks with Flipkart, will stay independent

Snapdeal calls off sale talks with Flipkart, will stay independent

While Ratan Tata, Temasek, BlackRock, and Foxconn already offered an in-principal approval to the proposed merger, the deal was now awaiting the nod of about 26 other Snapdeal investors . On July 27,...

by · Business
Eurozone unemployment rate falls to 9.1%

Eurozone unemployment rate falls to 9.1%

President Draghi will have been cheered however by the latest Euro-Zone employment data which saw the unemployment rate across the bloc fall to 9.1% from 9.3% and against expectations of 9.2%. The fla...

by · Business
Abe, Trump agree to action against North Korea

Abe, Trump agree to action against North Korea

The U.S. and South Korea responded by firing short-range missiles into the Sea of Japan "as a show of force", the U.S. military said in a statement . 'The continued provocations by the rogue regi...

by · Business
HSBC to Buy Back Up to $2 Billion in Shares

HSBC to Buy Back Up to $2 Billion in Shares

The stock buyback plan for 2017 shall raise the amount of total stock it has pledged to buy over the past year to $5.5bn. Recent years have seen it cut jobs and sell assets worldwide to shrink the gro...

by · Business
Sunshine and Lower Humidity!

Sunshine and Lower Humidity!

High temperatures will be in the middle and upper 80s with the clouds and the chance for rain. Our sunny stretch continues into next week, and the heat and humidity starts to crank up. Rain chances ...

by · Business
Why the Treasury Is Ending a Low-Income Retirement Saving Program

Why the Treasury Is Ending a Low-Income Retirement Saving Program

Treasurer Jovita Carranza. "Unfortunately, there has been very little demand for the program, and the cost to taxpayers can not be justified by the assets in the program", Jovita Carranza, U.S. The av...

by · Business
Shocking footage shows French airport worker hitting passenger holding baby

Shocking footage shows French airport worker hitting passenger holding baby

Now a traveller holding a baby has been punched in the face after complaining about a heavily delayed flight . Flight EZY2122 from Nice-Cote d'Azur airport was supposed to leave at 11am carrying ...

by · Business
India seizes massive 1.5-tonne drug haul, worth $550m

India seizes massive 1.5-tonne drug haul, worth $550m

The vessel was carrying 3,300 pounds (1,500 kg) of the white powder worth nearly $550 million (470 million euros) when it was seized and taken to the port of Porbandar, officials announced Sunday. O...

by · Business
Floods and power outages as Taiwan battered by Typhoon Nesat - Newspaper

Floods and power outages as Taiwan battered by Typhoon Nesat - Newspaper

Saturday evening, Typhoon Haitang made landfall in Fenfgang, Pingtung County at 4:40 p.m. on Sunday afternoon. Typhoon Nesat made landfall on the northeast coast of Taiwan Saturday evening with maxi...

by · Business
Spinners apply finishing touches as India goes 1-0 up

Spinners apply finishing touches as India goes 1-0 up

Since stand-in captain Rangana Herath and Asela Gunaratne could not bat, the hosts were bowled out for 245. "We are a better team than this, we certainly are", he insisted in his post-match comm...

by · Business

Sells 250 Shares of Host Hotels & Resorts, Inc. (HST)

Bessemer Group Inc augmented its ownership by buying 2,091 shares an increase of 145.9% as of 06/30/2017. The institutional investor held 72,548 shares of the consumer services company at the end of 2...

by · Business
Fiat Chrysler Automobiles NV (NYSE:FCAU) Receives

Fiat Chrysler Automobiles NV (NYSE:FCAU) Receives "Overweight" Rating from Morgan Stanley

Hedge funds and other institutional investors own 29.57% of the company's stock. Gabelli Funds purchased a fresh position in stocks of Fiat Chrysler Automobiles N.V. 01/08/2016 - Fiat Chrysler Automob...

by · Business

Fairmount Santrol Holdings Inc. (FMSA) stock moves -57.68% below in recent year

Finally, Goldman Sachs Group Inc. boosted its stake in shares of Fairmount Santrol Holdings by 317.4% in the first quarter. Barclays PLC set a $10.00 price target on Fairmount Santrol Holdings...

by · Business
New UK border controls to be introduced in 2019

New UK border controls to be introduced in 2019

The report to be prepared by the Migration Advisory Committee of United Kingdom is likely to come out in September next year, six months prior to Brexit . "The Home Secretary has given some importa...

by · Business
Central Bank of India's loss narrows to Rs 577 cr

Central Bank of India's loss narrows to Rs 577 cr

The company's standalone profit after tax from continuing operations in the year-ago period was Rs 2,338.6 crore, NTPC said in a filing to BSE. However, the company's standalone total expenses incre...

by · Business
Verizon Communications Inc. (NYSE:VZ) Experiences Lighter than Usual Trading Volume

Verizon Communications Inc. (NYSE:VZ) Experiences Lighter than Usual Trading Volume

Winslow Capital Management Llc decreased Microsoft Corp Com (MSFT) stake by 6.53% reported in 2016Q4 SEC filing. Want to see what other hedge funds are holding VZ? Miles Capital Inc. The stock of ...

by · Business
US Court Rules on Shrinking Airline Seats

US Court Rules on Shrinking Airline Seats

Both factors were noted in a New York Times review of how tiny seats pose a poorly understood risk to passengers, with airlines allowed to use their own fit, healthy and trained employees for evacua...

by · Business

Trump's Chief of Staff resigns

Despite Scaramucci's assertions that Priebus was unfit for his duties, the president thanked Priebus "for his service and dedication to his country" in a tweet. Kerkman, who has known Priebus since ...

by · Business
Sprint reportedly seeks mega-media merger with Charter, but Charter's not interested

Sprint reportedly seeks mega-media merger with Charter, but Charter's not interested

Son, who is Sprint Corp.'s chairman, proposed a merger of his money-losing wireless company with Charter, people familiar with the matter said, asking not to be identified discussing private informati...

by · Business
Amazon profits sink 75pc after focus on expansion and investment

Amazon profits sink 75pc after focus on expansion and investment

Shares of Amazon fell almost 3 percent after it reported 40 cents earnings per share, falling far short of analysts' expectations of $1.42 earnings per share. Amazon dominates e-commerce in the US...

by · Business

BP plc (NYSE:BP) Given "Buy" Rating at Scotiabank

RI's holdings in BP p.l.c. were worth $281,000 at the end of the most recent reporting period. The following firms have also recently changed their position in BP. On average, analysts expect that B...

by · Business

Paul Ryan's Border Tax Is Dead In The Water

However, a budget fight could hamper plans for tax reform. Abandoning border adjustment, which taxes imports but not exports, means Republicans in the House, Senate, and White House will have to a...

by · Business
Amazon stock falls as profit declines 77%

Amazon stock falls as profit declines 77%

Yet despite that, Amazon put together a string of strong quarters and profitability, and on the year the company's stock is up 40 percent. The global business hurt the company's overall performanc...

by · Business
Gains for AT&T and Boeing Help Lift US Stocks Higher

Gains for AT&T and Boeing Help Lift US Stocks Higher

ET (1638 GMT), the Dow Jones Industrial Average . DJI was up 92.7 points, or 0.43 percent, at 21,706.13 and the S&P 500 . SPX was up 1.91 points, or 0.07 percent, at 2,479.04. Amgen was down 2.5...

by · Business
Astrazeneca PLC (NASDAQ:AZN) To Report Earnings

Astrazeneca PLC (NASDAQ:AZN) To Report Earnings

The Hershey Company had 44 analyst reports since August 5, 2015 according to SRatingsIntel. Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of commo...

by · Business
American Airlines Group, Inc. (AAL) Announces Earnings Results

American Airlines Group, Inc. (AAL) Announces Earnings Results

Geode Capital Management LLC now owns 5,297,036 shares of the airline's stock valued at $223,815,000 after buying an additional 375,764 shares during the last quarter. The original version of this rep...

by · Business
Japan Imposes 50 Percent Tariff on US Beef

Japan Imposes 50 Percent Tariff on US Beef

The hike threatens a significant sector of United States' access to the biggest Asian market for US beef , just as President Donald Trump seeks to expand American exports to Japan. (NCBA) president C...

by · Business
GlaxoSmithKline PLC (NYSE:GSK) Sees Significantly Lower Trading Volume

GlaxoSmithKline PLC (NYSE:GSK) Sees Significantly Lower Trading Volume

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Insiders have purchased 3,150 shares of company stock valued at $5,054,075 in th...

by · Business