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Disney Invests $1B in BAMTech, Plans ESPN Subscription Service

MLB Commissioner Robert Manfred Jr. acknowledged the importance of streaming content for the league, and Disney , the owner of sports network ESPN , said details of the new service will be announced in future months. Investors are keeping an eye on the cable TV unit's results. Meanwhile, net income climbed 5% year-on-year to $2.6 billion, or $1.59 per share. However, the subscriber number reduced and programming cost increased.

Business

Glencore raises 2016 copper output guidance, lowers it on coal, oil

Aug 11 Glencore on Thursday raised its full-year production guidance for copper and lowered it for coal and oil as well as confirming output cuts that have helped to tighten an oversupplied market. In the first half of this year, commodity markets have risen, handing a reprieve to resource companies hard hit by a slump in the price of raw materials.

Business

Global oil demand to cool amid weaker economy, agency says

Department of Energy later tonight", said IG Markets strategist Bernard Aw. That's over a million barrels a day more than it produced on average in 2015 and 2 million more than in 2014. Brent crude, used to price global oils, slid 93 cents, or 2.1 percent, to close at $44.05 per barrel in London . Gasoline stockpiles fell 2.8 million barrels.

Business

Clinton: "Inciting of violence" in Trump's remarks to gun rights defenders

Lawmakers, former national security officials and other critics expressed concern that Trump had advocated violence, possibly in jest, against Clinton or her Supreme Court nominees. James Rohrscheib, 74, a registered Republican and retired US navy officer from Washington state, told Reuters the reality is the November 8 election will be a "tough one".

Business

Lucille Ball's Hometown Finally Gets A Decent 'Lucy' Statue

The statue was unveiled August 6 on what would have been Ball's 105th birthday. Ms Palmer's statue is to be unveiled on Saturday in Lucille Ball Memorial Park in the western NY village of Celoron. "We've got the old history we've still got mounted here in the park, we still have people coming from all over to see it and now they can come and see both statues".

Business

Biggins 'sorry and sad' over exit

Following his departure from CBB on Friday, news broke that the actor had been removed due to "insensitive" comments he made which upset Jewish housemate Katie Waissel. "I have a lot of bisexual friends and I'm not in any way a bigoted person. I apologised to Katie straight away and we cleared the air, but I'd also like to apologise to the wider Jewish community".

Business

Oil falls on oversupply; calls for producer meeting met with scepticism

According to the DoE, crude oil stockpiles increased by 1.055 million barrels, compared to expectations for a decline of 1.5 million barrels. The very first blow was delivered by American Petroleum Institute's (API) inventory report that saw biggest gains (2.1 million barrels) in crude inventory in three months.

Business

Maxlinear, Inc. (NYSE:MXL) Receives Buy Rating From Stifel Nicolaus Analysts

The Company has 52-week high of $22.5 and 52-week low of $9.07. The Market Capitalization of the company stands at 1.1 Billion. Current price places the company's stock 32.2% away from its 200-day simple moving average, 12.55%, away from the 50-day average and also 6.79% away from 20-day average.

Business

Former UVa football player charged in investment fraud

According to the SEC complaint, Robertson raised funds from contacts that he had at the Fork Union Military Academy and the University of Virginia. He was released when the team made its first roster cuts that August. Instead he and Vaughn allegedly spent it and used it to repay earlier investors, according to the SEC. Robertson played briefly for the Philadelphia Eagles in the early 2000s.

Business

GST rollout by April next

Odisha Finance Minister said, "It is a great pleasure that the Constitution Amendment Bill for GST has been passed in the Rajya Sabha yesterday". The Constitution amendment for the GST was passed by the Upper House unanimously on August 3 with all the 203 members present pushing the "ayes" button in its favour.

Business

Marriott, Starwood Give China More Time to Review Merger

With clearance from other nations, China represents that last approval needed before the transaction can close. The two companies have received unconditional pre-merger clearance from regulating bodies in 40 countries. Still, complex transactions can spend months in limbo. The two hotel chains said the additional review period could last up to 60 days. Unlike the European Union, the ministry did not operate a specific threshold for moving beyond phase one, and might do so for ...

Business

Icahn to Close Trump's Taj Mahal after $100M Loss

NEWS BRIEF The Trump Taj Mahal Casino in Atlantic City, New Jersey, will close after Labor Day weekend following one month of union strikes, the Press of Atlantic City reports . Carl Icahn bought the company - spending about $86 million to keep the Taj open amid the wave of casino closures - and Trump Entertainment Resorts emerged from bankruptcy in February.

Business

Vail Resorts (MTN) Stock Surges on Whistler Blackcomb Purchase

Whistler's shares jumped 47.6 percent to an all-time high of C$37.10, while Vail's shares rose 9.7 percent to a record high of $157.95. Whistler Blackcomb Holdings Inc owns an interest in each of Whistler Mountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited Partnership, which, together, carry on the four season mountain resort business, Whistler Blackcomb .

Business

No slowdown in UK holiday bookings after Brexit vote, says TUI

FTSE 100-listed Tui Group reported a five per cent decline in revenue for the third quarter of 2015/2016, as its western region operations felt the impact of the terror attacks which took place in Brussels earlier this year. However across the group, revenue was down 5.7 per cent in the quarter to euro 4.6 billion (£3.9 billion) - below analysts forecasts of euro 4.8 billion - as a result of lower bookings to North Africa and Turkey and the impact of terrorist attacks across Europe and foreign ...

Business

Charles Koch Calls Claims He'll Support Hillary 'Blood Libel'

In an April interview with ABC News, Koch said it was "possible" that Clinton was a better candidate than the Republican candidates who remained in the primary, but he didn't say whether he could see himself supporting the Democrat. Moments before Mr Holden addressed reporters, Mr Trump tweeted that he had rejected a sit-down with the billionaire Koch brothers. The plans come as the network is under pressure from some of its wealthy donors to get off the sidelines and use its national ...

Business

Raigad Bridge Collapse: Wreckage of Buses Located by Divers

Mahad: Navy divers confronted crocodiles and strong currents to locate the wreckage of two buses that fell into a river after a century-old bridge collapsed on the Mumbai-Goa highway. "A bridge division will be created in each administrative division of the State to take care of the bridges". Rescue personnel have found two wreckages and are now trying to ascertain if they belong to one bus or two separate buses.

Business

Did OPEC Just Issue A Warning For Oil Prices In 2017?

The report also includes production data reported directly by member countries, which showed Saudi output rising by 123,000 barrels a day to 10.673 million a day. The organization has 14 members after adding Gabon in June. In Iran , production has risen to 3.85 million barrels a day - the highest since 2008 - according to comments from Oil Minister Bijan Namdar Zanganeh reported by the Fars news agency.

Business

The Latest Vote in Brazil's Impeachment Saga

She will now face a trial in the Senate over alleged fiscal mismanagement. But she says they were common practice under previous administrations. Brazil was booming under former Rousseff's ally and predecessor Luiz Inacio Lula da Silva in 2009, when it won the right to host this year's Games.

Business

Steinhoff raises takeover offer for Poundland

In a statement this morning the Bensons for Bed owner said it it will now pay 227p in cash for each Poundland share (225p per share, plus a divi of 2p), which puts the retailer's value at £610.4m, up from £597m. The Poundland deal should be third time lucky after it failed to secure Britain's Home Retail, which owns Argos, and was also unsuccessful in a bid for Darty in France.

Business

Pregnant Zika Victim Alerted Officials to Florida Outbreak

Brazil, where the Zika virus appeared previous year, has confirmed more than 1,500 cases of microcephaly related to the Zika virus since October 2015. As of July 29, CDPH has confirmed 114 travel-associated Zika virus infections in 22 counties. Clinton said she first learned of the threat posed by the Zika virus in December from her daughter, Chelsea Clinton.

Business

Turkey arrests 16000 people following failed coup

Cavusoglu told state-run Anadolu Agency that the Turkish delegation would head for Russian Federation on Wednesday in search of common ground. The statement was issued "in view of speculative press reports about NATO's stance regarding the failed coup in Turkey and Turkey's North Atlantic Treaty Organisation membership".

Business

DOJ: Baltimore Police Department Systemically Discriminates Against Black Citizens

He recalled being out with his children and seeing police chase down a teenager for smoking marijuana. Officers routinely use unreasonable and excessive force, including against juveniles and citizens who aren't unsafe or posing an immediate threat, the report said.

Business

Explosions injure dozens in southern Turkey

He spoke on condition of anonymity in line with government regulations. An improvised explosive device that hit a police bus in Mardin province wounded at least 25 people, according to the official, who was not identified per government protocol.

Business

Saudi's Oil Output Hit All-Time High in July Despite Global Glut

The weekly USA government report revealed a build in United States crude inventories on Wednesday. The build reflects the growing glut of refined products in the USA market, which has led to lower margin and reduced demand for crude. The group will hold informal talks on the sidelines of a conference in Algiers next month, though OPEC has shown no signs of ditching the Saudi-led strategy of letting prices fall to maximize market share.

Business

William Hill rejects 'opportunistic' takeover offer from Rank Group and 888

William Hill would further detail concerns regarding a "complicated three-way combination" which would be leveraged by approximately £2. 2 billion in refinanced debt, in order to complete the deal . That strategy involves global diversification in both William Hill's online and brick-and-mortar businesses. Others in Las Vegas include the Silver Sevens and the SLS Las Vegas.

Business

Delta Scrambles to Restore Servers After Power Cut

According to Delta's news website news.delta.com, Delta will provide $200 in travel vouchers to all customers who experienced a delay of greater than three hours or a cancelled flight as a result of the systemwide outage. "Other Georgia Power customers were not affected by the issue with Delta's equipment". Delta declined to comment on the power company's report . Delta says there was a massive shutdown caused by a power outage at its Atlanta base that immobilized its computer systems.

Business

Delta still digging out on Day 3

But if you book the rescheduled flight to take place after August 12, you may have to pay more for airfare. So much so that roughly 800 flights were canceled on Tuesday. "We apologize to everyone who has been affected by these events, and we thank them for their patience". A spokesman for the local electric company, Georgia Power, said the problem started with a piece of Delta equipment called a switchgear, which direct flows within a power system.

Business

Disney beats estimates, buys video streaming stake to lure web viewers

Yesterday, Disney announced a $1B investment in BAMTech , the streaming technology business that powers services like HBO, MLB, NHL, and PGA. For its third quarter, Disney posted a $2.6 billion profit equal to $1.59 per share, compared to past year during the same period of $2.48 billion equal to $1.45 per share.

Business

Standard Life gets H1 market boost, first half assets up 7 pct

The Workplace and Retail channels continue to perform well with net inflows of £2.1bn on the advisor "Wrap" platform (up 3%) and regular contributions into workplace pensions of £1.5bn (up 4%). The group now has two main business lines - Standard Life Investments, which offers a range of active and passively managed funds; and a United Kingdom savings and pensions business.

Business

Global gold demand up 15% in Q2 2016: WGC

Gold is widely regarded by investors as a safe store of value in times of heightened geopolitical and economic turmoil . The first half of 2016 has been the second highest demand for gold on record. The foundations for this demand are strong and diverse, drawing on a broad spectrum of investors accessing gold via a range of products, with gold-backed ETFs and bars and coins performing particularly strongly.

Business

United Kingdom housing market activity ebbs after European Union referendum

Only 5% of surveyors reported house prices rising rather than falling last month, down from 15% reporting an increase in June - to the lowest level in three years. Separately, Acadata and LSL Property Services said annual house-price growth cooled to 5.5 percent in July from as high as 8.9 percent in February.

Business

Vail to Buy Whistler Blackcomb Ski Resort in $1.05 Billion Deal

Whistler Blackcomb was owned by the B.C-based Intrawest Resorts Holdings until 2006, when that company was purchased by the USA asset management firm Fortress Investment Group. Blackcomb opened in December 1980, which spurred an arms race for development and expansion between the two then-independent ski resorts. Vail will also assume about $132 million in Whistler Blackcomb's outstanding debt.

Business

Oil down 2 percent as U.S. crude build offsets gasoline draw

Gasoline prices, now at a 16‐week low, are expected to continue falling in the months ahead. Oil prices were largely unchanged on Wednesday, giving up earlier gains after the United States government reported a surprise crude stockpile build.

Business

Australia to ban Chinese from leasing Sydney power grid

The bidders have until August 18 to make submissions to Morrison. In particular, during the review process national security issues were identified in critical power and communications services that Ausgrid provides to businesses and governments.

Business

Peaceful Ferguson Protest Disrupted by Hit-and-Run and Gunfire

Louis Post-Dispatch newspaper reported. On late Tuesday, which was the 2 year anniversary of Mike Brown's death, a young man was hit by a vehicle at a protest in Ferguson. Several people were injured, at least one person seriously. Reports state that by 10 p.m. the commotion was settled, and everyone had left. No arrests were made.


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