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Walmart pulls Cosmopolitan from store checkout aisles

Not everyone agrees that Cosmo was problematic in the age of #MeToo . It won't put much of a dent in Walmart's profits to move Cosmo to the magazine section, and it saves them the ongoing headache of complaints about racy materials where children are present.

Business

Emails Show Uber, Arizona Government Kept Self-Driving Program Under Wraps

To calm fears over a self-driving auto accident being replicated in South Korea, the Ministry of Land, Infrastructure and Transport stated controls are in place to ensure road safety during vehicle tests. The New York Times reports that for months preceding last week's crash, Uber's self-driving cars struggled to navigate obstacles on the road without human intervention .

Business

Jobs at risk as Bargain Booze heads for administration

In a statement to the stock market, Conviviality said investors had refused its request for £125m of new money , which it needs to stave off bankruptcy after a string of shock profit warnings . While UK consumers' spending has been squeezed by inflation and subdued wages growth a lot of Conviviality's problems were self inflicted. In November 2017 its shares were trading at 426p and it was regularly touted as a strong investment opportunity, while chief executive Diana Hunter was routinely ...

Business

A Ghostly Galaxy Lacking Dark Matter (image)

Finding such a thing would be like finding smoke but no fire, effect without cause. "Something like this has never been seen", said Prof Pieter van Dokkum , of Yale University, the study's senior author. Using information from the Keck telescopes, the team found the globular clusters were moving much slower than expected. With measurements from the telescopes, van Dokkum and colleagues calculated how fast those clusters moved.

Business

Will invest whatever we have to for success in India: Uber CEO

In October a year ago, Ola secured $2 billion in new funding from a group of investors including SoftBank and Tencent Holdings Ltd, giving it the upperhand in the $10 billion industry, 90 per cent of which is controlled by Ola and Uber. Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, marking the USA company's second retreat from an Asian market.

Business

ICICI Bank Limited (IBN) adjusted -5.47% down to SMA-20

The impact of earnings growth is exponential. Zacks Investment Research raised ICICI Bank from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a research note on Monday, January 8th. The stock exchanged hands 9.79 Million shares versus average trading capacity of 7.54 Million shares, yielding a market cap of $28.43 Billion. While 20-Day Moving Average VS Current Price shows "Sell" Signal.

Business

Cyberattack Strikes City of Atlanta

City officials first discovered the ransomware attack on March 22, forcing all municipal employees to shut down their computers and stopping a host of resident services. Analysts suspect that the SamSam hacking group is responsible. The strategy has been to attack hospitals and other critical systems specifically because these organizations often have the money to pay the ransom, and can not afford the extended downtime that a restoration from back-up would cause.

Business

Percent of 'March for Our Lives' Participants Able to Vote

Dakota Widenor, an 18-year-old attending Shoemaker High School, had been watching testimonies given by students who survived the February 14 shooting at Stoneman Douglas High School in Parkland, Florida. "God forbid, but if someone really wanted to do harm at an event, it would be nearly impossible to stop it". "What they figured out that we never figured out [is], that you make the survivor story more compelling than the killer story", Cullen said.

Business

Mini goes back to the future for NY

There are a few design tweaks to help fans distinguish the Classic Mini Electric from a regular version, such as the charging socket stickers down the wings of the vehicle and a special badge that appears on the brand's EVs. The EV's red paint job, white stripe and grille-mounted headlamps are reminiscent of one of the original Minis from The Italian Job , although the electric version will be significantly quieter than the petrol-powered cars from the movie.

Business

Judge allows Trump foreign gifts case to proceed

Lawyers representing Trump say ordinary commercial transactions do not rise to the level of an emolument, and others argue the clause does not operate against the president. "The court has yet to rule on several additional arguments, which we believe should result in a complete dismissal". Racine and Frosh celebrated the ruling with posts on Twitter: "We won the first round!" The plaintiffs claim that in hopes of currying presidential favor, government officials are patronizing ...

Business

Google loses against Oracle for copyright infringement, owes in billions

Oracle asked the trial judge to overturn that jury decision, arguing that no reasonable jury could have come to that conclusion under the evidence presented. R G Niederhoffer Capital Mgmt holds 2.89% of its portfolio in Oracle Corporation (NYSE: ORCL ) for 9,300 shares. Cambridge Advisors Inc increased its stake in Oracle Corp ( ORCL ) by 183.01% based on its latest 2017Q4 regulatory filing with the SEC.

Business

SMI Gauge Hits Key Pivot Point for Rsp Permian Inc (RSPP)

About 514,683 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since March 28, 2017 and is downtrending. The institutional investor held 5.40 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $243.22M, up from 5.30 million at the end of the previous reported quarter.

Business

American Airlines Pilot Spooked By UFO Over Arizona

A freakish incident happened to pilots of a Phoenix Air Learjet 36, an American Airlines Flight 1095, an Airbus A321, and the Albuquerque Air Traffic Control last month. The pilot goes on to say whatever it was had a "big reflection" and was "several thousand feet above us going the opposite direction". The puzzled pilot asked "if anything passes over us?" Moments later, the American Airlines pilot returned to the radio to report what the other had seen.

Business

Facebook privacy settings revamped after data leak by Cambridge Analytica

Facebook Inc has adjusted privacy settings to give users more control over their information in a few taps, it said on Wednesday (March 28), after an outcry over a whistleblower's allegations that members' data was used to sway the 2016 U.S.

Business

Govt To Sell 76% Stake in Air India

EY India has been appointed as transaction adviser for the strategic disinvestment process. In turn the airline has a cent per cent stake in Air India Express, while it holds 50 per cent stake in the joint venture AISATS. However, if the member of the consortium is a Scheduled Airline Operator in India, the condition to meet minimum share of net worth or fund requirement will not apply, provided the equity shareholding of such a member is restricted to a maximum of 51 per cent of paid-up ...

Business

U.S. fourth-quarter growth revised up to 2.9 percent; consumer spending surges

The U.S. economy grew a bit faster than first thought in the last few months of 2017, expanding at an annual rate of 2.9 percent, beating the earlier estimate by several tenths of a percent. And the new estimate does not account for December's sweeping $1.5 trillion tax cuts, which economists say should boost growth in the near term at least for a short time.

Business

Walmart removes Cosmopolitan from checkouts as conservative lobbyists celebrate

Walmart will no longer sell Cosmopolitan magazine at checkout counters after a group of activists applied pressure to the retail chain over the magazine's sexual nature. After gaining traction following The New York Times' Harvey Weinstein exposé in October 2017, both movements have worked toward speaking out against and helping to end the practice of sexual harassment, abuse and exploitation towards women in all industries.

Business

SoftBank, Saudi Arabia to create World's Biggest Solar Power Project

This new project could create 100,000 jobs and expected to raise Saudi gross domestic product by $12 billion, according to a report. "It's a huge step in human history", Prince Mohammed said. On Tuesday, at a press conference in New York , Chief Executive of SoftBank Masayoshi Son made the announcement that SoftBank, Saudi Arabia to create World's Biggest Solar Power Project.

Business

United Kingdom proposes deposit-return program to tackle plastic pollution

They will get the money back when they return the empty containers to the shop. Government advisers visited Norway to investigate the country's industry-led scheme credited with increasing plastic bottle recycling levels to 97%. And officials said they wanted to talk to the devolved administrations about the scope for working together on the issue. In similar schemes elsewhere the deposit ranges from around 6p in Australia to 22p in Germany.

Business

New iPhone X Color Being Planned To Reignite Sales

As a refresher, multiple sources, including KGI Securities - the market analytics firm associated with noted Apple analyst Ming-Chi Kuo - and Bloomberg , have predicted Apple will release three new iPhones later this year. A report last week said that as Apple raises its iPhone pricing, consumers are becoming less willing to spend as much on smartphones. There are also rumors that it will be a pure bezel-less device like iPhone X, however, we don't believe that Apple will do ...

Business

NTSB Opens Investigation into Fatal Tesla Crash

Moody's said the ratings "reflect the significant shortfall in the production rate of the company's Model 3 electric vehicle". The negative outlook, however, reflects the likelihood that Tesla will have to tap capital markets to fend off a potential liquidity crunch.

Business

What Are Analysts Opinions On Deutsche Bank AG (DB)

Banks also notched solid gains, benefiting from a pickup in bond yields. Monday's gains come after a rough week for stock markets. The company during the last trade was able to reach a volume of 1.01 million shares. The company's net profit margin is -4.3 percent. The company shows its Return on Assets (ROA) value of -0.1%. These are to be used as benchmarks to compare daily volatility against.

Business

Trading Statistics of Bank of America Corporation (BAC)

The company has a market capitalization of $327,593.22, a PE ratio of 20.56, a P/E/G ratio of 1.62 and a beta of 1.36. The stock decreased 3.34% or $5.5 during the last trading session, reaching $159.39. Glg Limited Liability invested in 1.53% or 933,091 shares. Perhaps, that suggests something about why 0.15% of the outstanding share supply is held by institutional investors.

Business

GSK buys Novartis stake in consumer healthcare venture for $13 bln

We can't assume the past will always reflect the future, but logically stocks that have grown earnings per share strongly in the past are a good bet to continue to do so. Over the past three months, the average daily trading volume came in at about 4.1 million shares per day. The company is publicly listed on the National Stock Exchange and the Bombay Stock Exchange.

Business

National security veterans urge Trump not to scrap Iran nuclear deal

Bolton has been a supporter of the exiled Mujahideen-e Khalq (People's Mujahideen) armed opposition group which Iran sees as terrorists, and has spoken at the group's events. He added that the USA will use MEK to achieve that aim. "Trump's appointment of hardliners such as John Bolton follows the same path of his policy to spread further fear and score more points from the JCPOA, the region, and Iran's defense program", Hossein Amir-Abdollahian said in a tweet on Sunday.

Business

Caxton Associates LP Raises Holdings in Msci Inc (NYSE:MSCI)

CIBC Asset Management Inc purchased a new stake in shares of iShares MSCI Taiwan Index in the third quarter worth $227,000. Wasatch Advisors Inc. boosted its position in shares of iShares MSCI Taiwan Index by 6.3% during the third quarter.

Business

Global cues, banks stocks push equity indices higher

It slipped by 81 points to 32,515.17 a days low. The rebound was led by banking and metal stocks which surged on the news of Tata Steel nearing Bhushan Steel and easing trade war fears. Biggest gainers in the 30-share index were Tata Steel (2.65%), Axis Bank (2.60%), State Bank Of India (1.54%), Kotak Mahindra Bank (1.48%), ICICI Bank (1.47%), and Tata Power Company (1.44%).

Business

Teachers Advisors LLC Has $340.38 Million Stake in Goldman Sachs (NYSE:GS)

While it's Return on Investment (ROI) value is 1.3%. Wall Street Access Asset Management LLC now owns 2,907 shares of the investment management company's stock valued at $689,000 after buying an additional 1,149 shares during the last quarter.

Business

Rare to abandon Sea of Thieves 'death cost' following complaints

The tax was supposed to enter in action each time a pirate would've died by the hand of some of the game's mobs, and not by facing another player in PvP fights. Neate admits that the developer "messed up with the messaging around this, and it's now gone". Today will see Sea of Thieves undergo a maintenance window (between 9am and 2pm on March 27), during which an update will become available to download.

Business

Melrose pledges to keep GKN's aerospace division for five years

Melrose's business model is to buy engineering companies, improve their margins and sell them for a profit. He also outlined specific concerns relating to GKN's work for the United Kingdom armed forces: "I recognise that any listed company may be subject to future takeover and so can not guarantee its ownership indefinitely".

Business

Shanghai Crude Oil Futures Debut

Shanghai crude fell 1.4% from the overnight settlement of 433.8 yuan ($69.33) a barrel to 427.6 yuan ($68.34) at 4.09am GMT on Tuesday. Brent volumes are now low as much of Europe is already on holidays for Easter. Still, China offers the potential for a deep, liquid market, buoyed by an explosion of interest from mom-and-pop investors that has supported its vast commodities derivative markets from apples to iron ore in Shanghai, Zhengzhou and Dalian.

Business

Foxconn acquires Belkin International for $866 million

Belkin has more than 700 patents. Additionally, Pipkin is expected to join Foxconn's management team. In the past five years, California-based Belkin has acquired Linksys , which sells home routers, and Wemo, a smart home system. In Foxconn's statement, Belkin's founder and CEO Chet Pipkin is quoted as saying the transaction means the company can leverage FIT's "world-class manufacturing capability to enhance Belkin's operating efficiency and competitiveness".

Business

Roads crisis: Chris Grayling ploughs £100m into fixing potholes

Councils in the West Yorkshire Combined Authority area are to receive over £3.1m - with Leeds receiving £989,926 and Wakefield getting £507,378. Earlier this month, the YEP revealed that Leeds would spend around £1m of its own funds on repairing potholes this year, alongside a further £711,000 of government cash.

Business

The Boring Company to Launch Toy Building Blocks Made of Earth

Will they be the size of standard red construction bricks? However, Musk said the first kit will feature an ancient Egypt theme consisting of pyramids, the Sphinx, Temple of Horus and more. Shrinking the size of the tunnels they dig is one way of doing this, with the company planning to craft 14-ft-wide (4.25 m) tunnels rather than the typical 28-ft-wide (8.5 m) tunnels now used for one way roads.

Business

Lowe's Chairman and CEO Niblock is retiring

Fincl Bank, Missouri-based fund reported 534,822 shares. The company was maintained on Thursday, November 19 by RBC Capital Markets. Lowe's Companies declared that its Board of Directors has approved a stock buyback plan on Friday, January 26th that permits the company to repurchase $5.00 billion in shares.


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