Finance

Marks & Spencer to close more stores - with hundreds of jobs at risk

Marks & Spencer to close more stores - with hundreds of jobs at risk The announcement follows M&S's plan to modernise their United Kingdom stores, part of "staying in tune" with customers needs and improving the digital shopping experience. In November 2016 the chain committed to a major overhaul impacting a quarters of its clothing and home outlets. However, we accept in some cases we may have to consider redundancy . [Full Article...]

Crude oil futures fall 1.03 percent on weak global cues

Crude oil futures fall 1.03 percent on weak global cues Still, the prevailing sentiment among experts is still cautiously positive, in part due to surging oil consumption as a result of growth in major economies: Tamas Varga , strategist for PVM Oil Associates , remarked, "The market is bullish [but] one side that could correct significantly could come from the strength in the USA dollar". [Full Article...]

Mexico auctions 19 deep-water oil blocks in largest hydrocarbon auction

Mexico auctions 19 deep-water oil blocks in largest hydrocarbon auction Shell focussed on blocks in the Perdido and Salina basins, which were expected to be the most competitive of the 29 areas on offer in the auction. Shell focused on blocks in the Salina and Perdido basins, the latter of which is close to USA waters where oil companies already operate. [Full Article...]

Verizon follows AT&T in ditching plans to offer Huawei smartphones

Verizon follows AT&T in ditching plans to offer Huawei smartphones Verizon is abandoning a plan to sell phones made by the popular Chinese device maker because of U.S. government worries about security risk, according to a Bloomberg report Tuesday that cited unnamed people familiar with the matter. Huawei ran into similar trouble with AT&T earlier this year. And it's the 5G capabilities that the United States government is concerned about. The original ru... [Full Article...]

Wall Street erases gains after Fed decision

Wall Street erases gains after Fed decision The Nasdaq lost 64 points, or 0.9%, to hit 7,401. Visit MarketWatch.com for more information on this news. Stocks bounced back in the last hour of trading, with gains by technology companies outweighing losses in health care and other sectors. [Full Article...]

Excise reduction on petrol won't impact final price: Adhia

Excise reduction on petrol won't impact final price: Adhia This is because the government has introduced an additional road cess of Rs 8 per litre. In the budget 2018 Finance Minister Arun Jaitley announced the basic excise duty on petrol and diesel has been cut by two rupees per liter, but by raising the cess by Rs 2 in excise duty, there will be no change in the total excise duty. [Full Article...]

Hong Kong bans ivory commerce in 'historic' vote

Hong Kong bans ivory commerce in 'historic' vote Bert Wander, campaign director for the Avaaz campaigning website, welcomed the news: "Shutting down this massive ivory market has thrown a lifeline to elephants". "However, to ensure these legislative bans are not undermined, it'll be critical for China and Hong Kong to boost enforcement and awareness efforts as well as tackle the rife black market", she added. [Full Article...]

Man accused of deadly Pa. vehicle wash shooting dies, police say

Man accused of deadly Pa. vehicle wash shooting dies, police say I'm not going to hold that against him. The suspected shooter, 28-year-old Timothy Smith, suffered a gunshot wound to the head in the Sunday shooting at Ed's Car Wash in Melcroft, a rural town about 55 miles (89 kilometers) southeast of Pittsburgh. [Full Article...]

Lockheed Martin's stock surges after profit and sales beat expectations

Lockheed Martin's stock surges after profit and sales beat expectations According to the Analysts, the Low Earnings estimate for the current quarter is $2.77, while the High earnings estimate is $3.39.Comparatively, EPS for the same quarter a year ago was $3.16. Joel Isaacson & Ltd Liability Co reported 747 shares or 0.04% of all its holdings. (NASDAQ:ABAX) for 11,734 shares. Dreyfus Strategic Municipal Bond Fund, Inc. [Full Article...]

Carson's stores to close in IN, including Circle Center Mall location

Carson's stores to close in IN, including Circle Center Mall location Liquidation sales are starting Thursday and are expected to last about 10 to 12 weeks. Employees will be offered interviews for any available positions at other stores. She said she's been a loyal customer of whatever store occupied the mall space since then. Rialto has maintained ownership of the mall, while Mid-America Asset Management has managed it. [Full Article...]

AT&T positive factors three% after earnings beat, robust steering

AT&T positive factors three% after earnings beat, robust steering AT&T, which owns satellite television service DirecTV, said it lost 207,000 traditional US video subscribers in the quarter as more consumers drop their pay-TV packages. AT&T in Decembers said it would give bonuses of $1,000 to over 200,000 employees in the USA citing the tax reform passage as the reason. This new landscape allows AT&T more flexibility to control the pricing and speed of content f... [Full Article...]

Tinder can't charge older users more, court rules

Tinder can't charge older users more, court rules A California appeals court found that Tinder's pricing model for its Tinder Plus service is discriminatory. A class-action lawsuit was also filed against the company in 2015. The dating app popularized the notions of swiping right and left on potential partners - right for yes, left for no. In addition, the court concluded its opinion on the previous ruling with "Accordingly, we swipe left, and re... [Full Article...]

Arun Jaitley To Unveil Budget 2018 Today

Arun Jaitley To Unveil Budget 2018 Today He said, if India has to grow on the world stage, it has to excel not only in military and economic sphere but also in other different fields like science, arts and sports. # Nehru Yuva Kendra Sangathan has received Rs 255 crore in the new budget which is 40 crore more than past year. The budget allocation for Incentive to Sports Persons stands at Rs 23 crore, a hike of Rs 4.77 crore. [Full Article...]

White House to propose 72 percent cut to clean energy research

White House to propose 72 percent cut to clean energy research The federal government has been operating on a series of continuing resolutions that have maintained existing spending. Federal lawmakers have funded the government through a series of continuing resolutions in the past year, the most recent of which expires February 8. [Full Article...]

Fed Kicks Off Final Meeting With Yellen

Fed Kicks Off Final Meeting With Yellen Markets don't expect the Fed to make a move until its next meeting in March, however. Short-term interest rate futures showed traders adding slightly to bets the Fed would raise rates three times in 2018, starting at its next meeting in March. [Full Article...]

Toyota recalls 645000 vehicles; air bags may not inflate

Toyota recalls 645000 vehicles; air bags may not inflate Impacted models include the Toyota Corolla, Toyota Hilux, and Lexus NX 200t, manufactured in the second half of 2015. The recall affects 15 models made between May 2015 and March 2016. The defect may also cause all three kinds of air bag to simultaneously fail in a crash. Affected vehicle owners will be notified by UMWT, when parts are available, to bring their cars to an authorised Toyota o... [Full Article...]

Boeing Q4 Results Beat Estimates, Sees Strong FY18; Stock Up

Boeing Q4 Results Beat Estimates, Sees Strong FY18; Stock Up LSV Asset Management increased its position in Boeing Company (The) by 4.9% in the first quarter. The institutional investor owned 3,271 shares of the aircraft producer's stock after acquiring an additional 430 shares during the quarter. [Full Article...]

Bitcoin price crash at Bitfinex, Tether UFTC subpoena

Bitcoin price crash at Bitfinex, Tether UFTC subpoena Twitter user "Bitfinexed" pointed out that an additional $1.462 billion worth of Tethers were issued in the days following receipt of the subpoena on December 6. 0x (ZRX) traded 10.5% lower against the dollar and now trades at $1.65 or 0.00015884 BTC. The Pin That Pops the Bitcoin Bubble or a Minor Incident? One of the reasons why the market has seen such a massive pullback may be Tether. [Full Article...]

Japan Will Probe Crypto Exchange Security After Massive Theft

Japan Will Probe Crypto Exchange Security After Massive Theft Japan became the first country to regulate cryptocurrency exchanges last spring, requiring them to register with the FSA, Japan's Financial Services Agency . Crypto-currency related shares mostly rose in Tokyo, with GMO Internet, which offers cryptocurrency exchange services, gaining 5.7 pct. Coincheck's application is under review, but the company is subject to the same laws and regulations ... [Full Article...]

Bitcoin Ban in India is a Rumour and FUD by Indian Media

Today, in the annual budget speech, Indian Finance Minister Arun Jaitley gave a clear picture of the government's stance on the exploding digital currency economy, and it does not look good for cryptocurrency enthusiasts. In fact, he claims the government will instead encourage blockchain technology in traditional payment systems, illustrating that the Indian government does indeed see the... [Full Article...]


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