Finance

Prison-bound Martin Shkreli hurt Wu-Tang album sales price, analyst says

Prison-bound Martin Shkreli hurt Wu-Tang album sales price, analyst says Shkreli's self-cultivated public persona ... nor his controversial statements about politics or culture", Matsumoto said. His lawyers had asked the judge to impose a sentence of 12 to 18 months, while prosecutors were seeking at least 15 years. [Full Article...]

Low-cost Norwegian airline exploring new Ireland to Canada flights

Low-cost Norwegian airline exploring new Ireland to Canada flights Officials say they have implemented temporary measures to "maintain a limited operation" while the airline's IT department works to identify the issue and restore service. However, the outage is affecting Air Canada travellers everywhere, not just at YVR. Air Canada said on its website it's working to resolve the issue and apologizes for the inconvenience. [Full Article...]

Teen Awarded $16000 Scholarship After Act Of Kindness Goes Viral

Teen Awarded $16000 Scholarship After Act Of Kindness Goes Viral She did. Someone snapped a photo that spread across social media. "My cook was calling my name to pick up food I had on the board, but I continued to cut his ham". Known as "Mr. Karaoke" by the restaurant staff for belting tunes at the local senior center, Charpentier said numerous waitresses kindly cut his food for him. [Full Article...]

Retail Inflation Eases To 4-Month Low; Industrial Output Soars To 7.5%

Retail Inflation Eases To 4-Month Low; Industrial Output Soars To 7.5% Meanwhile, the Index of Industrial Production (IIP) growth in January 2018 jumped to 7.5% against the Bloomberg estimate of 6.4% and 7.1% in December 2017. However, growth in the mining sector was muted in January 2018. "Domestic pump prices of petrol and diesel rose sharply in January, reflecting lagged pass-through of the past increases in global crude oil prices". [Full Article...]

Japan's Finance Ministry to admit altering land-sale documents

Japan's Finance Ministry to admit altering land-sale documents Aso, who doubles as deputy prime minister, said the ministry is expected to present early next week an interim report on its internal probe into whether the alleged documents exist. A finance ministry employee in the western region where the school is located was found dead at his home on March 7 and police are investigating it as a suicide, the Kyodo and Jiji news agencies reported. [Full Article...]

Dropbox aims to raise $748m through IPO

Dropbox aims to raise $748m through IPO The midpoint of those pricing estimates mean the company would be valued at $7.5 billion (£5.4 billion). Dropbox Inc.is offering to sell about 26.82 million shares of Class A common stock in initial public offering. If all the stock is sold at the higher suggested price, the sale will be the third-highest IPO from an enterprise technology company in the past three years. [Full Article...]

David Solomon: Goldman Sachs Next CEO?

David Solomon: Goldman Sachs Next CEO? Blankfein, who steered the firm through the financial crisis, has yet to set a timetable for his departure or discuss his plans with senior colleagues, one of the people said. Harvey Schwartz's resignation comes after 20 years with Goldman Sachs. Before his current role, he co-headed the investment banking division and served as the global head of the financing group. [Full Article...]

CM removes FM Haseeb Drabu from cabinet post Kashmir remarks

CM removes FM Haseeb Drabu from cabinet post Kashmir remarks The Chief Minister sent a letter to Governor N.N. Vohra informing him that she had chose to remove Drabu, sources close to Mehbooba Mufti told IANS. They said that the statement of Dr Drabu had triggered a controvesry in the state especially in the Kashmir valley as the issue is said to be political and needed to be resolved "politically". [Full Article...]

Indian Wells: Rain halts Federer's opener, Verdasco stuns Dimitrov

Indian Wells: Rain halts Federer's opener, Verdasco stuns Dimitrov That day Federer clinched the 1st of 5 US Open and the 4th of 20 Majors. Federer is a five-time victor of the BNP Paribas Open, which ties him with Novak Djokovic for the most of all time. "Just struggled also a little bit with the health the last couple of weeks". And with 40-Love, you know, I just - I lost that point. Djokovic was makings his first appearance since being stunned by Hyeon C... [Full Article...]

Sensex zooms 611 pts; Nifty ends above 10400 on global rally

Sensex zooms 611 pts; Nifty ends above 10400 on global rally Meanwhile, the US Dow Jones Industrial Average ended 1.77 percent higher on Friday. Equity markets on Monday turned encouragingly buoyant as Sensex posted its biggest gain in intra-day trade since March 2016. The Nifty Midcap index was up 1 percent despite balanced market breadth. On the other hand, global markets rallied after the United States data indicated that non-farm payrolls jumped f... [Full Article...]

Tim McGraw collapses on stage while performing in Ireland

Tim McGraw collapses on stage while performing in Ireland McGraw's performance was part of the Country to Country (C2C) music festival, which covers three cities in three days - London, Glasgow and Dublin. A fan at the concert reported the collapse to the station. Other artists participating in the festival include Little Big Town , Sugarland, Kip Moore and Kelsea Ballerini. McGraw's Soul2Soul Tour with Hill will resume on May 31 in Richmond, Va... [Full Article...]

Intel casts doubt on report of interest in Broadcom

Intel casts doubt on report of interest in Broadcom The Wall Street Journal reported that Intel intc was pondering an acquisition of Broadcom as one of a number of possible deals to help Intel remain competitive if and when Broadcom broad buys Qualcomm qcom . It remains a long shot, not only because it would be Intel's biggest acquisition by far, but because of the difficulties of integrating the two companies' broad product lines. [Full Article...]

Kawhi Leonard could return as early as Tuesday

Kawhi Leonard could return as early as Tuesday The 26-year-old missed the first 27 games of the season due to his ailing quad, and after returning to the lineup for nine contests, he landed back on the shelf, having last played on January 13. (The pain) is diminishing. Leonard said during the week that he would return to action soon, but he did not give a date. From there, the Jazz can only control their own games and hope to get a tough w... [Full Article...]

Melrose sweetens offer for GKN

Melrose sweetens offer for GKN Melrose's previous offer valued the engineering group at £7.3 billion. "Instead of £1.4bn in cash and a majority investment in a stronger combined Melrose / GKN business, it appears the GKN Board prefers a minority stake in a foreign business (Dana) with no GKN management involvement". [Full Article...]

Gary Cohn's A 'Globalist,' But I Still Like Him

Gary Cohn's A 'Globalist,' But I Still Like Him The White House is reportedly considering candidates to replace Gary Cohn as the Economic Adviser to President Trump . Congressional Republicans and business groups are bracing for the impact of expected tariffs of 25 percent on imported steel and 10 percent on aluminum, appearing resigned to additional protectionist trade actions as Trump signals upcoming economic battles with China . [Full Article...]

Some steelworkers love Donald Trump's tariffs. Others fear them

Some steelworkers love Donald Trump's tariffs. Others fear them He also said it would divide the USA and its allies. "We have large trade deficits with Mexico and Canada ". Speaking to reporters in the Oval Office, Trump said that the Administration would not back down from the proposed tariffs in spite of heavy criticism from the world community and Republican lawmakers. [Full Article...]

Woodward says France defeat means Jones's 'honeymoon' over

Woodward says France defeat means Jones's 'honeymoon' over We need to get momentum because if you're carrying into a brick wall, it's pretty easy (for the opposition) to get over the ball". But no-one's pretending that the Irish are about pretty - or even sexy - rugby, even if Gary Ringrose's inclusion makes them a little more likely the spread the ball beyond Bundee Aki. [Full Article...]

Elon Musk has published a personal video of an exciting rocket launch

Elon Musk has published a personal video of an exciting rocket launch Falcon Heavy is able to send object on the Earth orbit at prices by 66% lower than its #1 competitor, the Delta IV Heavy. That's why we did it. After getting cued up by Jonathan Nolan , the co-creator of HBO series Westworld , Musk walked out on stage to people cheering and one person screaming, "Elon, we love you!" Dubbed as "Falcon Heavy and Starman ", the videos show the preparation, succe... [Full Article...]

Elon Musk says Hyperloop will give pedestrians priority over cars

Elon Musk says Hyperloop will give pedestrians priority over cars US President Donald Trump might not follow Elon Musk on Twitter , but the Tesla Inc chief executive's posts decrying China's automotive trade practices managed to catch his attention. Late Thursday, Musk struck a more hopeful tone. Those are problems for Tesla, which wants to expand its presence in China's growing electric vehicle market without compromising its independence or intellectual prope... [Full Article...]

White House chief economic adviser dumps Trump

White House chief economic adviser dumps Trump The void which has been created by the departure of Cohn should not be underestimated by those following financial markets. The Goldman Sachs veteran was one of the White House's most prominent opponents of the tariffs. Mr Cohn wouldn't agree to publicly back the president's tariffs, the people said. Market watchers such as HSBC said the escalation of the trade war rhetoric would lead to a l... [Full Article...]


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