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Samsung sells printer business to HP

The shareholder meeting will also vote on the company's decision to sell its printer business to HP Inc for $1.05 billion. After it is completed, Samsung has agreed to make an equity investment of $100 million to $300 million in HP through open-market stock purchases.

Business

Tesla Updates Autopilot Software, Relying on Radar to Prevent Future Accidents

The announcement comes after several crashes involving cars that were engaged in Autopilot, including one deadly incident in which a vehicle slammed into a white tractor-trailer after not being able to differentiate the truck from the brightly lit sky around it.

Business

Trump's son: Not releasing tax returns because scrutiny would be distraction

In an interview with The Pittsburgh- Tribune-Review, Donald Trump Jr. said candidly that the reason his father's campaign wasn't releasing his tax returns was because the revelations would detract from his message. Trump agrees to release his tax returns before the October 19 presidential debate". Tax returns could also show whether Trump has monetary ties to foreign countries that could create conflicts of interest should he become president.

Business

Analysts Evaluation On Thermo Fisher Scientific Inc (NYSE:TMO)

TMO's institutional ownership was registered as 89.30% while insider ownership was 0.20%. Its the same as in 2016Q1. The number of shares now owned by investors are 77.17 mln. Cleveland downgraded the stock on September 9 to "Neutral" rating. Disclaimer: Drafted figures and information laid out in the above reporting are only a work of the authors.

Business

Ford: Autonomous cars will be 20% of United States sales by 2030

Fields is adamant that the company is spending wisely. Economic experts say the same US trade policies Donald Trump has criticized for decimating American manufacturing are the culprit behind Ford's announcement. "We expect Ford's performance to be strong through 2018 - with our core business improving, allowing us to invest in the emerging opportunities that will ensure our future success", Ford chief financial officer (CFO) Bob Shanks said.

Business

Ag groups displeased with Bayer-Monsanto merger

Bayer's latest $128 per share offer was accepted as a signature deal after years of consolidation contest in the global seeds, traits and agricultural chemical industry. And while the jobs outlook remains unclear, Grant emphasized that the deal could be a boost to the biotechnology community in St. Louis, where the Monsanto headquarters will remain.

Business

South Korean Shipping Giant Files for Bankruptcy

Creditors of cash-strapped Hanjin Shipping Co. are unlikely to provide fresh financial aid to the ailing shipper now under court receivership, industry sources said Thursday, further worsening the outlook for its already crippled cargo shipment.

Business

Federal prosecutors investigate Wells Fargo's sales practices

Because of anticipated call-volume increases that are typical after Labor Day - and the expected settlement news, which also would generate additional inquiries - the roughly 10,000 workers at the bank's telephone contact centers were instructed to try to process customer requests as quickly as possible.

Business

Sizzling Hot Financial Stocks: Fifth Third Bancorp (FITB), PayPal Holdings, Inc. (PYPL)

Geode Capital Management LLC increased its position in Fifth Third Bancorp by 0.6% in the first quarter. Barclays PLC reissued an "equal weight" rating and set a $21.00 target price on shares of Fifth Third Bancorp in a report on Sunday, July 10th.

Business

Legislature Overrides Veto On Concealed Carry

The Daily Show tried to troll, but The Blaze's Dana Loesch wasn't having it. The legislation would require voters to show a photo ID starting in 2017, if a separate proposed constitutional amendment authorizing a photo ID mandate is approved on the November ballot.

Business

New EU copyright laws to ensure fair play for web publishers

The European Commission also wants to give news organizations the right to demand payments from aggregators and search engines who use snippets of their articles and other content. This goes against the EU's existing eCommerce directive, under which platforms are not obliged proactively to monitor what users upload, but only act when notified of an infringement, the company said.

Business

New EU copyright laws to ensure fair play for web publishers

The European Commission also wants to give news organizations the right to demand payments from aggregators and search engines who use snippets of their articles and other content. This goes against the EU's existing eCommerce directive, under which platforms are not obliged proactively to monitor what users upload, but only act when notified of an infringement, the company said.

Business

United should've been awarded two penalties - Mourinho

The Spaniard said: "We have to improve a lot of things". "It was a very important victory for us". "It's really good. We defended the set-pieces well because they are stronger and taller than us and we defended really good". In the first half we were below the level to play this match. Never. Because this is where they want to press. Everything around the game - the derby, the big game, Man United , Man City, the focus, the attention.

Business

Dr. Ron Farkas, Eteplirsen's Harshest Critic, Has Left The FDA

Shares of Sarepta Therapeutics Inc . Sarepta Therapeutics, Inc .'s (SRPT) ended its day with a gain of 26.76% and finalized at the price of $32.45. Analysts await Sarepta Therapeutics Inc (NASDAQ:SRPT) to report earnings on November, 3. The company reported ($1.35) EPS for the quarter, missing analysts' consensus estimates of ($1.19) by $0.16.

Business

IVamonos! More Ford Production Headed to Mexico

Donald TrumpDonald TrumpSnoop Dogg: "I never seen a motherf--er" like Trump Quinnipiac poll: Trump halves Clinton's lead WATCH: Trump surprises Dr. Speaking during an investor event , Fields said the shift will occur over the next two to three years. Ford Executive Chairman Bill Ford has previously defended NAFTA and hit back against Trump's rhetoric, indicating in an interview with CNBC in March that Trump's complaints are just "presidential politics" and that the company is "here ...

Business

Hurriyat men may lose security cover in Jammu and Kashmir

Before winding up the visit, the Home Minister sent out a clear message to separatists, asserting that Jammu and Kashmir will always remain an integral part of India. We had neither said no nor yes to their meetings (with separatists). He also said: "The Chief Minister writes to separatist leaders to give time and place for meeting the all-party delegation while these separatist leaders are under arrest".

Business

Chikungunya toll rises to 10, Delhi health crisis deepens

Besides Delhi, Pune has also been struggling the disease with over 439 cases of Chikungunya between January and August this year as against only 35 in the same period last year. One suspected chikungunya death at AIIMS was today also confirmed. "And upon enquiry, I have discovered that most of the deaths are of people who were aged and already sick with other ailments", the minister added.

Business

Manufacturing in New York state falters in September

A separate report on the September Philadelphia Fed Business Index came in at a much-higher-than-expected 12.8, up from a 2.0 reading a month earlier. While the new orders index improved from -7.2 to 1.4, inventories index declined from -9.2 to -26.2. This compared to a mark of negative 4.21 in the previous month.

Business

Donald Trump's Maternity Leave Policy Is Literally *Half* of Hillary Clinton's

Such accounts would be universal and used for after-school or traditional child care , with a government match of $500 a year - a minuscule amount given the cost of such care, and given the difficulty that lower-income families have putting away money in such accounts.

Business

Voters See Very Different Futures When It Comes To Trump And Clinton

Lisa Bardack. The campaign said details about the time and location of the rally would be announced later. Clinton had a chest CT scan last Friday, which showed she had pneumonia. Dr. Brian P Monahan, attending physician of the U.S. Congress, said Kaine had "overall excellent health', but recommended the candidate increase his Vitamin D intake".

Business

Weak global cues weigh on Indian markets, Sensex plunges

The BSE Sensex opened at 28,481 and touched an intra-day high of 28,481.11 and low of 28,251. The Sensex today plunged 444 points to a two-week low of 28353,54, while the 50-share Nifty finished below the 8800-mark. dollar against the Indian rupee". "IT stocks managed to hold the early gains throughout the session on strong Dollars against INR". Rate-sensitive sectors were the main losers in the trades today on account of profit at higher valuations.

Business

Walmart's Manitoba stores will stop accepting Visa

Walmart pledged in June that it would stop accepting Visa at its more than 400 Canadian stores, saying it pays more than $100 million in fees annually for customers using credit cards. Wal-Mart has more than 400 stores in Canada and almost 12,000 globally. The ban won't affect any US stores. Unlike Thunder Bay, some of the stores in Manitoba are open 24 hours and have self-checkout lines.

Business

Kejriwal Pushed Delhi Into Crisis, Now Misleading Punjab : BJP

Cricketer-turned-politician Navjot Singh Sidhu on Thursday formally announced a new political front "Awaaz-e-Punjab". "Like Kejriwal parted ways with his ideologue Anna Hazareand formed a party to fulfill his political desires, similarly Sidhu has left his ideologue the Bjpand formed a front through which he wants to fulfill his desires", said Singh.

Business

Ford Confirms Small Car Production Moving From US To Mexico

It also makes the full-size Ford Taurus in Chicago. According to the Center for Automotive Research, Mexico has seen a 40 percent increase in auto jobs since 2008 while the us saw only a 15 percent increase in the same period. The company thinks autonomous vehicles will account for up 20% of total vehicle sales by the end of the next decade, and its first deployments will be in urban areas, such as New York City and Metro Detroit .

Business

Symmetry Peak Management buys $1426950 stake in Applied Materials (AMAT)

The manufacturing equipment provider reported $0.50 EPS for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.02. The company had Year Ago Sales of 2.37 Billion. Also, VP Ali Salehpour sold 17,752 shares of the firm's stock in a transaction on Monday, June 20th. Its Target Price was fixed at 32.76 at an IPO Date of 9/7/1984.

Business

Bayer Acquires Monsanto in Largest All-Cash Deal Worth $66 Bn

While the merger could spur innovation , it also reduces competition. "But in the longer term, we're going to find policy changes shaped by these bigger firms that are going to increase prices for farmers and consumers". With the Bayer/Monsanto union, the sector shrinks to only four. Environmental groups fear the potential health effects and impact on ecosystems of genetically modified seeds and criticize Monsanto's dominant market position, which they argue affords the U.S.

Business

Cracker Barrel Old Country Store Inc. (CBRL) PT Lowered to $150.00

They noted that the move was a valuation call. 5 analysts polled by Zacks Research now have a mean target price of $160.8 on shares. WING, all holding a Zacks Rank #2 (Buy). Cracker Barrel expects FY17 EPS of $7.95-$8.10 vs. $8.33 consensus. Equities analysts anticipate that Cracker Barrel Old Country Store will post $7.55 EPS for the current year.

Business

Stocks tumble as weaker forecast sends oil prices lower

NEW YORK, Sept 13 ( Reuters ) - The U.S. dollar hit a one-week high against a basket of six major rivals on Tuesday as focus turned to the likelihood of a December Federal Reserve rate hike, while declines in riskier commodity currencies also boosted the dollar.

Business

Gilead Sciences, Inc. (NASDAQ:GILD) Updated Price Targets

Out of rating recommendations 8 have given the stock a Buy while 8 recommend the stock as Outperform. Today analysts at Credit Suisse maintained Gilead Sciences's (NASDAQ:GILD) shares as "Outperform" in a report released to investors.

Business

'Sully' lands with $35.5 million opening

After " American Sniper ", Clint Eastwood is back with "The miracle on the Hudson". The Warner Bros. drama collected an estimated $35.5 million in the USA and Canada, ComScore Inc. The same could also be said of Pete's Dragon , whose estimated $2.9 million has brought it to $70 million domestically, but still needs more than might be possible to break even on its costs before exiting theaters.

Business

Activist says Wells Fargo to face tough shareholder resolutions

Last week, the bank was fined $185 million after its employees spent years screwing customers by creating fake accounts in their names without their approval or knowledge. Then they use those funds to lend to other customers. Her bank fired some 5,300 employees for acting "counter to our values". The disturbing practices took place under the leadership of Tolstedt, who headed the community banking division of Wells Fargo for at least nine years.

Business

Ford expects lower profits in 2017, investing in autonomous cars

Citing the rapid change throughout the personal transportation world, Ford is spending on new technologies, including autonomous vehicles, electrified power trains and shared mobility networks that may not yield returns immediately. It had initially forecast a profit equal to or better than previous year, but pulled back last week after announcing a $640 million recall of 2.4 million vehicles.

Business

US retail sales slump 0.3 percent, ending 4 months of gains

Over the first eight months of the year, retail sales rose 2.9 percent compared with the same period in 2015. 7 a.m.: This article was updated to add that retail sales were expected to fall only 0.1% in August. Not all categories declined. Back-to-school shopping appeared to bolster sales of clothing. Lower than expected sales across all three key metrics for the month will trigger fresh doubts surrounding the outlook for consumer spending, especially as the July data was also ...

Business

Creditors resume Greek audit as EU presses for progress

A dry thunder storm over the weekend started the blaze along with a separate fire near Mount Athos , home to a historic Orthodox Christian monastic sanctuary, Tsipras said . Greece is also obliged to bring in a primary budget surplus to 3.5 percent of GDP by 2018. The Greek government's will is to "pick up pace and conclude all actions according to the agreement quickly", he said responding to recent comments by European officials that Athens is again lagging on the implementation of ...

Business

HP to Acquire Samsung's Printer Biz for $1.05B

HP is market-leader in the desktop printer business, but as PC users print fewer pages revenues continue to fall. However, one of the reasons for splitting Hewlett-Packard into two companies, HP Inc and Hewlett-Packard Enterprise (HPE), was to create two distinct, $56bn areas of focus after years of Hewlett-Packard being seen as a beige box full of unrelated businesses - the company that wasn't Microsoft, IBM, Oracle, Google, or Apple.


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