Finance

Former Anbang chief gets 18 years in prison for fraud

Former Anbang chief gets 18 years in prison for fraud Wu Xiaohui was toppled as Anbang's head a year ago and China's insurance regulator announced an unprecedented takeover of the conglomerate in February, as the government moves to prevent heavily-indebted large private companies from collapsing and posing a risk to the financial system. [Full Article...]

Ford Halts Production For Some Trucks After Parts Maker Catches Fire

Ford Halts Production For Some Trucks After Parts Maker Catches Fire The F-Series pickups are the best-selling vehicle in the United States and generate most of Ford's profits. It was not clear how long the production disruptions will last or how Ford may be assisting Meridian in relocating parts production. [Full Article...]

Serena Williams' latest withdrawal puts French Open in doubt

Serena Williams' latest withdrawal puts French Open in doubt She also lost a match against her elder sister in Venus Williams after making a comeback and has looked rusty. According to the Associated Press (h/t ESPN.com ), the 23-time Grand Slam singles champion said she is not yet "100 percent ready to compete". [Full Article...]

Sonam Kapoor, Anand Ahuja finally get married in Mumbai; See pics

Sonam Kapoor, Anand Ahuja finally get married in Mumbai; See pics With a wine glass in her hand a sizzling as ever, Queen Kareena was the flawless Veere to Sonam Kapoor . It seemed Sonam got married for social media. The Kapoor-Ahuja marriage was held as per the Sikh traditions of Anand Karaj , with the Guru Granth Sahib having been specially imported from Amritsar's Golden Temple to Mumbai, in order to let the newlywed couple receive their blessings from th... [Full Article...]

Analysts AwaitMarathon Oil (MRO) to Publish $0.15 EPS

Analysts AwaitMarathon Oil (MRO) to Publish $0.15 EPS Worries over higher borrowing costs, along with uncertainties around tariffs and geopolitical tensions have overshadowed a strong earnings season. Good Life Advisors LLC now owns 7,511 shares of the oil and gas company's stock valued at $522,000 after buying an additional 902 shares in the last quarter. [Full Article...]

Crypto Prices Fall as Warren Buffett Says Bitcoin Is "Rat Poison"

Crypto Prices Fall as Warren Buffett Says Bitcoin Is Billionaire and Microsoft founder Bill Gates is very skeptic about the cryptocurrency and says that he would like to bet against Bitcoin if he had such an opportunity. In the year institutional investors can short Bitcoin utilizing future contracts, investment banking goliath Goldman Sachs a week ago appeared to affirm it would participate on that field, as well as try to offer customers mor... [Full Article...]

Trump's scrapping of Iran deal will send petrol prices higher

Trump's scrapping of Iran deal will send petrol prices higher Money managers curbed their enthusiasm for oil just before the US benchmark price surged, with total wagers on WTI sliding to the lowest since early January. Oxford Economics finds that the most severe effect from an oil-price shock would be suffered by large emerging markets like China, India , Indonesia and Turkey. [Full Article...]

Tyrus Capital Sam Position In Freeport (FCX) Was Raised

A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. About 13.23M shares traded. 989.88 million shares or 2.99% more from 961.13 million shares in 2017Q3 were reported. Rockefeller Service holds 16,007 shares. Brown Advisory accumulated 38,351 shares. [Full Article...]

California Government to Mandate Solar Panels for All New Homes

California Government to Mandate Solar Panels for All New Homes Representatives of the construction, utility and solar industries all helped develop the new standard, and no industry groups spoke in opposition Wednesday. California has a mandate for new homes to be "Net Zero Energy" - meaning they produce more energy than they consume - by 2020, and for all homes to be Net Zero by 2030. [Full Article...]

Narendra Modi says time for Karnataka to say goodbye to Congress

Narendra Modi says time for Karnataka to say goodbye to Congress Attacking Karnataka Chief Minister Siddaramaiah , PM Modi said, "When the people here, the farmers of this constituency, went with folded hands to Chief Minister Siddaramaiah to ask for water. "Sonia Ji too contested from Bellari, but what happened to promises made in Bellari". He alleged that the Prime Minister does not act with regard to Yeddyurappa, against whom as many as 15 cases of corr... [Full Article...]

China's ZTE stops major operations following U.S. export ban

China's ZTE stops major operations following U.S. export ban Chinese telecommunications giant ZTE is ceasing all "major operating activities" after being hit by sanctions from US regulators. ZTE is one of China's largest tech companies , and yet, it's ceased all "major operating activities", according to a new public filing . [Full Article...]

Global Portable Battery Pack (Power Banks) Market Attractiveness, Analysis and Major Players

Global Portable Battery Pack (Power Banks) Market Attractiveness, Analysis and Major Players This independent 170 pages report guarantees you will remain better informed than your competition. The professionals working with Questale keep a close eye on the market and use their expertise and knowledge to draw inferences from various happenings in the market . [Full Article...]

Sears shares spike after announcing tire partnership with Amazon

Sears shares spike after announcing tire partnership with Amazon Consumers can buy any brand of tire via the online retailer's website and then schedule a time to stop by the closest Sears Auto Center to have them installed. After the initial launch the service is expected to quickly expand throughout Sears Auto Centers' more than 400 locations. Sears Auto Centers will install and balance any brand of tires purchased on Amazon.com, including Sears' ow... [Full Article...]

Pfizer (PFE) Updates FY18 Earnings Guidance

Pfizer (PFE) Updates FY18 Earnings Guidance Pfizer Inc. (NYSE: PFE ) has risen 2.43% since May 2, 2017 and is uptrending. The stock increased 0.53% or $0.33 during the last trading session, reaching $63.12. Cap Limited Ca holds 0.08% or 11,100 shares in its portfolio. Intrust Bank NA now owns 65,268 shares of the biopharmaceutical company's stock valued at $2,192,000 after buying an additional 1,596 shares during the period. [Full Article...]

Vijay Mallya loses lawsuit against Indian banks in UK Court

Vijay Mallya loses lawsuit against Indian banks in UK Court Mallya was arrested in London past year and is fighting another lawsuit to prevent extradition in a different court across town. The litigation in the Queen's Bench Division of the commercial court in England's High Court of Justice lists State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punj... [Full Article...]

BMW finally recalls 300000 cars after fatal crash

BMW finally recalls 300000 cars after fatal crash BMW's trouble was triggered after Narayan Gurung, who who was travelling with his wife on Christmas Day in 2016, died when their Ford Fiesta crashed into a tree to avoid a broken-down BMW. On the show, they rejected allegations that they had provided the wrong information or ignored the DVSA. "We now recognise that there may have been some cases of similar power-supply issues in vehicles not cov... [Full Article...]

Sinclair to Raise $1.5 Billion From Station Divestitures

Sinclair to Raise $1.5 Billion From Station Divestitures Fox will be acquiring KCPQ, a Fox affiliate in Seattle, Washington; WSFL, a CW affiliate in Miami, Florida; KDVR, a Fox affiliate in Denver, Colorado; WJW, a Fox affiliate in Cleveland, Ohio; KTXL, a Fox affiliate in Sacramento, California; KSWB, a Fox affiliate in San Diego, California; and KSTU, a Fox affiliate in Salt Lake City, Utah. [Full Article...]

Audi CEO admits serious mistake, presents software solution

Audi CEO admits serious mistake, presents software solution Audi insisted it had reported the irregularities to the authorities itself as soon as the issue was detected in routine testing and "immediately halted deliveries" of the affected models. Apparently, the cheat device centres around the AdBlue system, which uses a urea solution to convert harmful oxides of nitrogen (NOx) into water vapour and nitrogen. [Full Article...]

U.S. to revoke Boeing, Airbus licenses to sell jets to Iran

U.S. to revoke Boeing, Airbus licenses to sell jets to Iran The reimposed U.S. sanctions on Iran will also target trade in gold and precious metals, products such as aluminum, steel coal and industrial software, the release explained. The Boeing license had been valid until September 2020, a person involved in the deal said. Over 19.6 billion dollars 110 aircraft were to be purchased from Boeing. [Full Article...]

Panera Bread now offering delivery

Panera Bread now offering delivery To get your free soup, order online at www.panerabread.com and use code "PANERADELIVERS". For standard orders, there is a $3 delivery fee and orders must be a minimum of $5 to qualify. In test markets, he said the company is seeing anywhere from an additional $5,000 to $7,500 a week in delivery sales, tallying up to as much as 10 percent increase in store revenues. [Full Article...]


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