Finance

Sinking Tech Sector Drags Dow, Nasdaq Lower

Sinking Tech Sector Drags Dow, Nasdaq Lower The S&P 500 and Nasdaq also rallied , posting gains of 2.7 percent and 3.3 percent, respectively. Technology companies accounted for much of the broad rally, which powered the Dow Jones industrial average to a gain of almost 670 points. [Full Article...]

FirstEnergy to close all of its nuclear power plants

FirstEnergy to close all of its nuclear power plants Google parent Alphabet sank 4.57 per cent after a U.S. appeals court revived Oracle's lawsuit alleging that Google owed billions of dollars in damages over the search engine company's use of Java programming language in its Android smartphone operating system. [Full Article...]

Constellation Brands Earnings Buoyed by Strong Beer Sales

Constellation Brands Earnings Buoyed by Strong Beer Sales Therefore 70% are positive. The chart of Constellation Brands , Inc. (NASDAQ:TRUE) earned "Neutral" rating by B. Riley & Co on Tuesday, August 30. Affinity Investment Ltd Company invested 1.49% of its portfolio in Constellation Brands, Inc . [Full Article...]

Detroit Tigers Opening Day postponed, rescheduled for Friday afternoon

Detroit Tigers Opening Day postponed, rescheduled for Friday afternoon Pitcher Mike Fiers will make another start in Minor League camp in Lakeland, Florida as he is set to begin the season on the ten-day disabled list with back issues. Thursday's Opening Day matchup between the Pittsburgh Pirates and Detroit Tigers at Comerica Park in Detroit has been postponed to Friday due to inclement weather. [Full Article...]

Greek club president banned for three years after gun incident on pitch

Greek club president banned for three years after gun incident on pitch PAOK have also been docked three points as part of the punishment, effectively ending their title hopes, the league's disciplinary committee said on Thursday. His club said, "The penalty is harsh and [was made] under the pressure of a targeted communication storm against PAOK". There was little sympathy for PAOK from their Athens-based rivals. [Full Article...]

Bank to pay $2 billion penalty over toxic mortgages

Bank to pay $2 billion penalty over toxic mortgages The US said the bank had "systematically and intentionally misrepresented" key characteristics of the loans it included in the RMBS deals in question. Shares in Barclays were flat following the news. Barclays, unlike rival banks facing similar claims by the Justice Department, was sued in December 2016 after resisting a penalty proposed in initial settlement negotiations. [Full Article...]

Fate of GKN hangs in balance as investors decide on Melrose bid

Fate of GKN hangs in balance as investors decide on Melrose bid Dana has also said it will secure a listing in London as part of its proposed merger with GKN's autos business. The takeover attempt by Melrose, Britain's biggest hostile bid since Kraft pounced on Cadbury in 2009, has attracted widespread scrutiny, including from lawmakers and unions. [Full Article...]

Valpak is randomly mailing out $100 checks with your coupons

Valpak is randomly mailing out $100 checks with your coupons Valpak, the direct marketing business behind those budget savers that arrive every month says that it has tucked $100 checks inside some of those envelopes. Lia Jensen of Valpak's MI office claims that only seven of the 37 checks sent out in the Grand Rapids area were cashed in 2017. One in every 50,000 envelopes has a $100 check inside, the company said. [Full Article...]

Renault shares surge on Nissan merger talks report

Renault shares surge on Nissan merger talks report The latest report follows on that which came about earlier this month, when news reports indicated that Nissan and Renault were apparently discussing plans for a closer association through a change of ownership structure, one that would see the Japanese automaker buying out the French government's 15% equity stake in Renault. [Full Article...]

ISRO launches GSLV-F08/GSAT-6A satellite to boost communication, watch live here

ISRO launches GSLV-F08/GSAT-6A satellite to boost communication, watch live here Isro said the satellite will provide services for defence purposes and will not add any transponder capacity for general uses. The GSLV rocket weighs about 415.6 tonnes and measures 49.1 metre tall. The space agency tested certain improved critical systems in the launch vehicle - GSLV Mk-II - that may eventually be used in its future missions, including the country's second lunar mission. [Full Article...]

Boeing hit by WannaCry

Boeing hit by WannaCry In a statement on Twitter, Boeing said that "a number of articles on a malware disruption are overstated and inaccurate ". Boeing says a small malware intrusion affected systems Wednesday. It was first discovered in December 2017 when it attacked many organisations, including quite a few hospitals in the UK. The Seattle Times reports that Boeing fell victim to the WannaCry virus , which he... [Full Article...]

Bargain Booze owner Conviviality heads for administration after failing to raise funds

Bargain Booze owner Conviviality heads for administration after failing to raise funds It needed to raise £125 million from investors, to pay back the £30 million HMRC bill it overlooked, repay a revolving credit facility, resolve overdue payments with its creditors and return to normalised trading terms. Booze giant Conviviality was on the brink of administration as The Grocer went to press on Wednesday, after failing to secure a £125m bailout, putting more than 2,500 jobs at risk. [Full Article...]

Saudi Arabia, UAE give Yemen aid to UN

Saudi Arabia, UAE give Yemen aid to UN Saudi Arabia on Tuesday presented a $930 million check to the United Nations for humanitarian aid in Yemen as the United Nations chief pushed for an end to the war in which Riyadh leads a military coalition. Saudi Arabia alleges Iran for supplying missiles to the Houthi Ansarullah movement of Yemen facing Riyadh-led coalition campaign since 2015. Prime Minister Edouard Philippe's office insists th... [Full Article...]

US Judge Allows Lawsuit Against Trump Over Alleged Violations of Constitution

US Judge Allows Lawsuit Against Trump Over Alleged Violations of Constitution Maryland and Washington, D.C., filed the lawsuit against Trump last June, arguing that he's violating the Constitution because his businesses receive payments from foreign governments and US officials. A spokesperson for the Trump Organization reacted to Wednesday's order saying that the court has yet to rule on additional arguments, "which we believe should result in a complete dismissal". [Full Article...]

Facebook Just Revealed 3 Major Changes to Its Privacy Settings

Facebook Just Revealed 3 Major Changes to Its Privacy Settings However, Facebook says it's trying to make privacy and security controls easier to find and give users a way to access and download the data they collect on them. "While that has challenged our business objectives and the ability to reach our audience in an authentic way, the recent news about Facebook's alleged mismanagement of users' data has solidified our decision to suspend our activi... [Full Article...]

Uber Won't Renew Permit for Self-Driving Cars in California

Uber Won't Renew Permit for Self-Driving Cars in California On March 21, police in Tempe released a 22-second video showing a woman walking from a darkened area onto a street just before an Uber SUV strikes her. Investigations of the crash by the Tempe Police Department and the National Transportation Safety Board are ongoing. Uber declined to comment to The Register , though it did confirm that it wrote the software the auto was running. [Full Article...]

S. Korea to Produce Safety System for Driverless Cars After Uber Crash

Uber has been under intense scrutiny following the fatal crash . In a letter to Uber on Tuesday, California's Department of Motor Vehicles confirmed that the company will lose testing privileges after Saturday. As of this month, Uber was having trouble meeting its target goal of one human intervention for every 13 miles of autonomous driving. In Arizona, companies such as Uber only n... [Full Article...]

Channel 5 announces 2% gender pay gap

Channel 5 announces 2% gender pay gap The broadcaster, which airs shows such as Big Brother and US comedy Will and Grace , had a mean difference of 2.85% in favor of women, although its median was 2% in favor of men. We are evolving our employment practices with a view to eradicating our gender pay gap over time - making further progress against this objective will be a key performance indicator for our senior management team in 2... [Full Article...]

Minimum wage hike, equal pay bills fail in Louisiana Senate

Minimum wage hike, equal pay bills fail in Louisiana Senate No one spoke against the proposal during the evening debate, but the measure was opposed by business groups who say it could force them to shrink their workforces or discourage expansions. Sen. Sharon Hewitt, a Slidell Republican, described her first year working as an engineer for Shell in a "very male-dominated field" in the 1980s. "What we need are more women". [Full Article...]

Adderall-maker Shire jumps on buyout interest by Takeda

Adderall-maker Shire jumps on buyout interest by Takeda The Osaka-based company did not explain how it would pay for a company whose $46 billion market value tops Takeda's $42 billion. The stock increased 1.90% or $1.1532 during the last trading session, reaching $61.8732. Among 8 analysts covering California Resources Corporation ( NYSE:CRC ), 5 have Buy rating, 0 Sell and 3 Hold. Cowen & Co maintained the shares of SHPG in report on Friday, October... [Full Article...]


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