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Vocus progresses Australia Singapore Cable

In September, Nextgen and Alcatel-Lucent Submarine Networks announced the switching on of the $139 million North West Cable System, a 2,100km fibre-optic submarine cable between Darwin and Port Headland. The report estimates ASC has the opportunity to capture a minimum of 15.5Tbps of capacity sales by year-end 2029, resulting in expected revenues of at least $550m over this period, by which time ASC will have been operating for only 40% of its effective life.

Business

Amazon Go grocery store is checkout

It's also in beta right now , which means that only Amazon employees can shop there. The company now has bookshops in San Diego and Portland, Oregon, with locations expected soon in Chicago and just outside Boston. Commenting on the news, Hugh Fletcher, digital business consultant, Salmon [IRDX VSMN], said: "The imminent launch of Amazon Go signifies a move away from traditional bricks and mortar stores and towards a new era of shopping".

Business

Featured Stock to See: Freeport-McMoRan Inc. (NYSE:FCX)

Silica Holdings, Inc. 11/17/2016 - Freeport-McMoran Copper & Gold, Inc. was downgraded to "hold" by analysts at Deutsche Bank. The company has grown 4.53% in past 3 months and in the last five trades has moved down -1.04%. Freeport-McMoRan had a negative net margin of 58.67% and a negative return on equity of 0.72%. The company earned $3.88 billion during the quarter, compared to the consensus estimate of $3.95 billion.

Business

Applied Materials, Inc. (NASDAQ:AMAT)

Company shares have been recently noted at -3.01% off of the 52 week high and 107.78% away from the 52 week low. TLP Group LLC bought a new stake in Applied Materials during the second quarter worth about $105,000. TRADEMARK VIOLATION WARNING: This news story was published by The Cerbat Gem and is owned by of The Cerbat Gem. 09/22/2016 - Applied Materials, Inc.

Business

Southern rail passengers face misery as services slashed amid industrial action

Dr Lucas called on ministers to convene a meeting with the unions and GTR and for the Government to strip the operator of its management contract. Shadow transport secretary Andy McDonald said: "GTR should have been stripped of their franchise long ago for failing to plan properly to take on the franchise as they themselves have admitted and providing what is by far the country's worst rail service".

Business

Amazon's New Service Will Forever Change How You Shop

If customers change their mind about an item, they just have to put it back and Amazon will automatically remove it from their bill. An ambitious project that has apparently been in the works for four years, Amazon Go seeks to do away with the nuisance of waiting in lines.

Business

Tyson Foods joins the venture capital field

Vetr lowered shares of Tyson Foods from a "strong-buy" rating to a "buy" rating and set a $69.00 target price on the stock.in a research report on Wednesday, June 22nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, February 27th. Tyson Foods's payout ratio is presently 13.25%.

Business

In Indiana, Trump lauds exchange of tax breaks for Carrier jobs

Apparently under pressure from Trump, Carrier announced this week it had agreed to keep more than 1,000 jobs at the plant and at its headquarters, while still planning to move more than 1,000 other U.S. But liberal Senator Bernie Sanders, who was up against Hillary Clinton for the 2016 Democratic presidential nomination, said the deal should worry Americans.

Business

Far-right Norbert Hofer has lost the Austrian presidential election

Austria is holding a presidential election on December 4 in which right-wing candidate Norbert Hofer is facing off against left-leaning candidate Alexander Van der Bellen. Mr Van der Bellen had placed Brexit at the heart of his campaign, arguing that Mr Hofer wanted Austria to hold its own "Oexit" referendum, putting jobs at risk in the small, trade-dependent country.

Business

US Unemployment Is the Lowest It's Been in nearly a Decade

A pullback in wage growth after two straight months of solid increases, however, put a wrinkle in the otherwise upbeat employment report . Unfortunately this is largely because a stunning 446,000 people dropped out of the labor force, not because a huge number people got jobs.

Business

Watson is finalist again

The deep-threat duo will pair up again as Heisman finalists at Saturday's ceremony in New York City. On Monday, one day after 80 teams learned what bowl games they'd be playing in, the Heisman Trust released its finalists for the 2016 Heisman Trophy.

Business

Police investigate Port Adelaide star over vehicle crashes

Thomas said the incident was reported to the club by players at the party, and the club contacted police who assisted with the search for Impey. "I'm willing to do anything to ensure I'm not in this position again and I'm sincerely sorry for what happened, I can't apologise enough".

Business

Art of the deal? Carrier jobs saved at a price

Saturday, Donald Trump called out Rexnord for planning to move 300 jobs from Indianapolis to Mexico. Corporations may want to pay less in taxes and labor costs. Trump's pick for treasury secretary, Steven Mnuchin, and commerce secretary nominee Wilbur Ross both said that they would pursue bilateral trade agreements with other countries but remained wary of sweeping regional deals.

Business

Wal-Mart Stores Inc. (WMT) To Go Ex-Dividend on December 7th

In addition to this price estimate, the leading brokerages have announced the earnings estimates for Wal-Mart Stores, Inc. Blue Bell Private Wealth Management LLC now owns 2,576 shares of the retailer's stock worth $186,000 after buying an additional 16 shares in the last quarter.

Business

US Employers Add 178000 Jobs in November

In another sign that inflation is tame, average hourly earnings declined 0.1 per cent to US$25.89, the first drop in wages since December 2014. The number of unemployed fell last month by 387,000 to 7.4 million - a nine-year low - but only about a third of that drop occurred because people found work.

Business

Longtime Lego CEO to be replaced

Danish toys group LEGO's new CEO Bali Padda, Tuesday Dec. 6. Meanwhile, the Kristiansen family will take on a larger role in brand-related activities, including in the group's stake in Merlin Entertainments, which operates the Legoland theme parks, Reuters reported.

Business

OPEC production cut might drag down growth

International Brent crude futures were trading at $53.95 per barrel at 0751 GMT, down 51 cents, or nearly 1 percent, from their last close. Based on current levels, that level would have to come from production cuts, something OPEC hasn't done in almost a decade.

Business

Gold Whipsawed by Italian Vote as Dollar Wins as Haven of Choice

That view has only strengthened since Trump's election last month, despite speculation ahead of the vote that his victory could spark market turmoil, destabilising growth. A gauge of the US currency climbed on Monday as investors assessed the implications of the latest upset. However, risk aversion is not what is driving dollar strength this time.

Business

OPEC's Big Cut to Oil Output May Not Be So Impressive: Russell

Brent, the benchmark global oil contract, was up 19 cents to $54.13. "It remains to be seen how well they stick to the plan, but if OPEC hadn't come to an agreement the probability is that oil prices would have fallen to $40 a barrel, perhaps even lower", said Simon Flowers, chief analyst at consultancy Wood Mackenzie.

Business

Canadian jobless rate drops to 6.8 per cent

The release of information comes before the December 13 meeting of the Federal Reserve in which the bank is expected to announce an interest rate increase, its first in a year. Average hourly earnings for all employees on private non-farm payrolls declined by 3 cents (0.1%) to $25.89 last month after an 11-cent (2.8%) increase in October, which was the strongest annual wage growth since June 2009.

Business

UK Supreme Court begins hearing on Brexit

Prime Minister Theresa May has said she intends to notify the European Union that Britain is leaving – called triggering article 50 of the Lisbon Treaty – by the end of March 2017, however the claimants say MPs must vote for this first. Government initiatives to support the tech sector, for example funding for more fibre-optic broadband, were welcome, Wise said, but he believes the British government needs to show more leadership and clarify the many questions hanging over the free movement of ...

Business

Ogilvy Scores Top Marks on LGBT Equality Study

Some Los Angeles companies which earned the "Best Places to Work for LGBT Equality" included American Apparel, Sony Pictures Entertainment Inc., and Mattel Inc. To learn more about the CEI criteria and corporations featured on the annual list, visit www.hrc.org. HRC envisions a world where LGBT people are embraced as full members of society at home, at work and in every community.

Business

J C Penney Company Inc (JCP) is Upgraded by BofA/Merrill to Buy

Deutsche Bank AG reiterated a "buy" rating and set a $12.00 price target on shares of J.C. Penney in a report on Monday, August 15th. Insider Trading News: Insiders at the company look mixed about the outlook as they seem to trade shares both ways while they have 43.09 jumped so far this year.

Business

Cyber Monday sales jump, set to surpass initial estimate

Some early results are in for Cyber Monday sales and 2016 looks to be a record year for the online shopping day that annually follows Thanksgiving weekend. "It's nearly as if we don't need to keep a gift list anymore because when a good gift idea pops into our minds, we can go to our mobile device and buy it instantly", said Tamara Gaffney , principal analyst, Adobe Digital Insights .

Business

Trump shaping administration as Stein presses for recounts

Stein first filed for a recount Friday in Wisconsin, where Trump won by fewer than 30,000 votes, and followed Monday with a recount request in Pennsylvania, where the GOP presidential nominee had about a 70,000-vote margin. The state's largest county, Milwaukee, was recounting the ballots by feeding them through the same machines that counted them on election night. The former Democratic presidential candidate and her close aides see the recount drive largely as a waste of resources, ...

Business

United Kingdom services PMI rises to 55.2 in November

An index reading above 50 would show that the services sector continued to expand. Survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed that the purchasing managers' index for the services sector rose to 55.2 from 54.5 in October.

Business

OPEC Is Trying To Get Non-OPEC Nations To Cut Production Now

Meanwhile Indian Petroleum Minister Dharmendra Pradhan on Monday urged OPEC countries to consider striking a balance between the interest of producers and consumers when deciding on output cuts. Being exempt from the deal, both countries have the potential, stability permitting, of increasing production by more than 500,000 barrels per day over the coming months.

Business

Gun-brandishing man sought to investigate conspiracy theory

While fake news stories and deliberately falsified gossip has always been a part of United States politics, experts say that the Internet has increased the speed and breadth by which they travel, and appears to make them more indelible. Comet Ping Pong was closed Monday, but neighbors brought flowers and cards to the storefront saying "We support Comet" and "we love you and stand by you".

Business

RBI Likely To Cut Interest Rates After Demonetisation

The RBI monetary policy committee (MPC) is likely to consider a 25 bps rate cut on Wednesday (7 December), followed by another in the first quarter of 2017 amid downside risks to growth following the notes ban and subdued inflation, says a DBS report.

Business

Kinder Morgan pipeline close to meeting British Columbia conditio

Trudeau also shelved the proposed Northern Gateway pipeline across northwestern B.C. and said legislation banning tankers on B.C.'s northwest Pacific coast is coming soon. "Some people have two faces and I think that we're seeing that today". As for meeting the condition of a world-leading spill response system...he says the B.C.

Business

Trump Issues New Warning to US Corporations Moving Jobs Overseas

Boss Tweed and the Tammany Machine of the late 19th and early 20th Centuries is certain to pale in comparison to what's in store for us over the next 4 to 8 (or more) years. If Trump's plans to revive manufacturing in the US leads to a resurgence on American soil, Hayes said that is a good thing, and he believes Trump's team will be focused on it.

Business

Oil prices head higher after surge on OPEC output deal

If you were long oil early Wednesday, then you've received your Christmas gift already, but whether prices will continue to surge higher depends on multiple factors. The cuts will likely trigger inventory draws in the first half of 2017, according to UBS, while Morgan Stanley says the energy industry is likely to see another wave of "notable" investments within the U.S.as well as in other regions.

Business

Wynn Resorts' (WYNN) Buy Rating Reiterated at Citigroup Inc

CIBC World Markets Inc. increased its stake in Wynn Resorts by 108.5% in the second quarter. Insider Transactions: Since November 9, 2016, the stock had 0 insider buys, and 1 sale for $3.27 million net activity. This represents a $2.00 annualized dividend and a dividend yield of 2.03%. Schaeffersresearch.com's news article titled: "Option Bulls React as Wynn Resorts, Limited (WYNN ) Fills Post-Earnings Bear Gap" with publication date: November 21, 2016 was also an interesting one.

Business

No change in China policy

China and the Washington foreign policy establishment thought they could tell President-elect Donald Trump whom he can and cannot speak with on the phone. "The whole world knows about the Chinese government's position on the Taiwan issue". "The President of Taiwan CALLED ME today to wish me congratulations on winning the Presidency", Trump tweeted on Friday .

Business

Lamar Jackson, Jabrill Peppers, and Deshaun Watson Named Finalists for Heisman Trophy

Oklahoma managed to put two players into the final group, as both Mayfield and Westbrook have played prominent roles in Oklahoma's current nine-game win streak and Big 12 championship. Jackson had 295 yards passing, 162 rushing and accounted for three touchdowns with one interception. The 19-year-old set an Atlantic Coast Conference record for total touchdowns this season with 51 (30 passing, 21 rushing) after passing for 3,390 yards and rushing for 1,538 for the 13th-ranked Cardinals (9-3).


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