Business
Tech start-up Snapchat picks United Kingdom for global headquarters
The multi-billion-dollar valued firm which is expected to go public this year will book its United Kingdom sales here, and those from countries where it has no legal entity, eschewing the jurisdictions often favoured by U.S. The chain is creating a new UK-based holding company through which its non-US royalties will be routed and it will pay United Kingdom corporation tax on its worldwide profits.
Business
William Hill reveals lower-than-expected profit in 2016
The UK bookmaker had originally projected operating profit of up to £300 million for 2016. William Hill - which has been the subject of renewed bid speculation since rejecting a three-way merger last summer - will announce its 2016 final results on February 24.
Business
Tarsus Group plc 29.8% Potential Upside Indicated by Liberum Capital
Four analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. There are now 112,785,464 shares in issue with the average daily volume traded being 89,393. The 52 week high Boohoo.com Plc's shares have peaked at is 149 whilst the 52 week low for the company's shares is 35.25. The stock has a 50 day moving average price of GBX 325.86 and a 200 day moving average price of GBX 319.37.
Business
Hamas praises 'heroic' truck attack in Jerusalem, calls for more
Other soldiers shot the driver dead. "Canada strongly condemns today's horrifying terrorist attack that killed four young Israel Defense Forces soldiers as they were on a cultural tour of Jerusalem". consulate". Since September 2015, there have been a wave of Palestinian shooting, stabbing and vehicle attacks against Israelis, resulting in 40 deaths.
Business
Eric Greitens takes the oath of office as Missouri governor
Bush. Some indication of his leanings could come when he addresses the Legislature next week. "This is the people's house", he said. "An administration can commit resources to serve those in need", Greitens said. In the statement announcing the executive order, Greitens said, "We promised in the campaign. that we were going to clean up the culture of corruption in Jefferson City".
Business
Trello to be acquired by Atlassian for $425m
The 14-year-old Atlassian has acquired almost 20 companies in that time. The deal is valued at $425 million, with majority of it in cash ($360 million) while rest ($65 million) in Atlassian restricted shares, restricted share units and options to acquire Atlassian stock.
Business
Alibaba buys more into Intime Retail Group
Other hedge funds and other institutional investors have also modified their holdings of the company. Alibaba Group Holding Ltd (NYSE:BABA) has filed a lawsuit against two vendors for allegedly selling counterfeit goods, it said, weeks after the US put its main platform on its "notorious markets" blacklist.
Business
BlackRock takes over from Govt as Lloyds' largest shareholder
Financial Investments, or UKFI, which manages holdings for the British government, trimmed its holding by 1%, the second such sale in less than a month, to take its overall stake to to 5.95%. 'Confirmation that we are no longer the largest shareholder in the bank is further evidence that we are on track to recover all of the £20 billion injected into the bank during the financial crisis'.
Business
Morrisons in best sales rise for seven years
Aldi boosted its Christmas sales in 2016 after a bumper year of store openings. " We recognise the valuable contribution that our thousands of store employees make every day " commented Matthew Barnes, the chief executive of Aldi UK. Sales from its "Specially Selected" premium range were especially profitable, skyrocketing by 27%. Supermarket Morrisons enjoyed its best performance for seven years over the crucial festive period as it posted a 2.9% surge in like-for-like sales.
Business
Our Primary Strategy is to Build Where We Sell — GM CEO
To be sure, while Trump has focused on whether cars were made in Mexico, the U.S.'s biggest automotive import from Mexico isn't cars - it's vehicle parts. "Toyota is responsible for large employment at US plants such as in Kentucky", Japan's finance minister, Taro Aso, said after Trump condemned Toyota's plan to make Corollas in Mexico starting in 2019.
Business
Will Joe Root be available for England's first ODI against India?
The last time England played an ODI series, last October in Bangladesh, Jos Buttler was stand-in captain with Eoin Morgan - the man who has led England's revival in the limited-over formats - pulling out along with opener Alex Hales, citing security reasons.
Business
Tesla Motors is rolling out software update enabling fully autonomous vehicles
During the weekend, Tesla CEO, Elon Musk, confirmed on Twitter that the upcoming update for the first select vehicles that will shift them to active mode will be released today. The company will initiate a global rollout of the enhanced autopilot with this flagship feature. Although vehicles equipped with hardware pack 2 have more cameras and sensors that those with hardware pack version 1, they now enjoy fewer autopilot capabilities.
Business
Pay attention to Analyst Guidance: ARIAD Pharmaceuticals, Inc.'s (ARIA)
Cellectar Biosciences, Inc. has an EPS ratio of -0.92. VP, Reg. Affairs & Quality in the company, Bollag Daniel M, on Monday October 03, 2016 collected $637,790 from the sale of 47,384 shares at a per-share price of $9.56. ( NASDAQ :ARIA) is 10.45 percent while its Performance (Week) is 10.81 percent and Performance (month) is at 0.37 percent. While looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $-0.17 by 5 ...
Business
Mars buys VCA veterinary chain
Mars is a massive consumer conglomerate that sells everything from candy to pet food. McLean, Virginia-located Mars is previously the largest pet food firm in the world - it possessed a quarter of the global pet food market till 2015 - accompanied by Nestle SA (NESN), the manufacturer of the Purina cat and dog food brand.
Business
Chevrolet to debut new race vehicle in 2018
That let the automaker drop the hip point for occupants an inch in front and 1.2 inches in back. Drivers of the new Camry will be the first to use Toyota's new Entune 3 .0 multimedia system that introduces several new features including available Remote Connect, which provides remote start and door unlock capability, vehicle status notifications, a guest driver monitor and vehicle finder.
Business
Jaguar Land Rover sells record 583313 cars in 2016
The rise coincides with 2016 being a record-breaking year of United Kingdom vehicle registrations, with nearly 2.7 million registered, compared with 2.6m in 2015. Customer response has been very positive this year, resulting in record retails across most of our key regions. These new models have propelled Jaguar to become the fastest growing premium brand in the U.S., outpacing the industry by 116%.
Business
Dolby Laboratories Announces Dolby Vision Coming to Sony's 4K HDR TV Line
LG's OLED TVs deliver the best picture quality we've ever tested, beating LCD sets from Samsung , Sony and others in our tests over the last few years. This technology allows the TV to offer the best picture even if the original HDR content contains static or no metadata at all. The W7's screen is capable of playing HDR footage as well as Dolby Vision and Dolby Atmos surround sound.
Business
VS expresses satisfaction over decisions taken at Central Committee meet
Achuthanandan has failed to comply with the party's decree on a number of occasions and this has got him a rap from the party. Earlier in the day Achuthanandan met CPM general secretary Sitaram Yechury and sought to know about the committee in which he should function.
Business
Crude Oil Price Slides on Iran Sales, Rising US Rig Count
The per-barrel price for West Texas Intermediate (WTI) crude oil slipped by about a dollar in Monday's futures market to around $52.90. "The original OPEC deal pointed to a fairly lumpy three per cent cut [in production], so this suggests there is a bit more upside for oil prices", said Neil Williams, chief economist at fund manager Hermes.
Business
Now Uber wants to rewrite how we build our cities
Sharing data could help build some goodwill in cities, said Linda Bailey, executive director of the National Association of City Transportation Officials, which is working to establish a shared data standard for cities where ridesharing companies operate.
Business
TN CM writes to PM, appeals for ordinance to allow Jallikattu
Panneerselvam told Modi that bulls meant for Jallikattu are reared exclusively for the event and are embraced by able-bodied youth during the sport. He said Jallikattu is all about bull-taming and not about harming the animal involved. The Supreme Court has repeatedly voiced its dislike for Jallikuttu and passed orders against it.
Business
UK Volkswagen owners seek compensation over emissions scandal
But by the time you add in the cost of legal fees, the loss of VW sales, and the huge chunk of change that Volkwagen will soon shell out to a marketing firm to begin its inevitable U.S.re-branding campaign, the scandal could cost the automaker $25 billion in the US alone .
Business
Rejig At Flipkart: Binny Bansal Now Group CEO, K Krishnamurthy CEO
Krishnamurthy, who was currently heading the Category Design Organisation, will now be responsible for operationally driving Flipkart and will be responsible for Flipkart profit and loss (P&L), the company said. There is no denying that ecommerce firm Flipkart is the biggest Indian startup in many years with a market value of Dollars 5 billion as of November 2016, according to worldwide agency Morgan Stanley.
Business
This Netflix game will have you binge-playing with your favourite characters
Netflix's new endless runner featuring four characters from its original series is the latest project from one of its creative teams. Gizmodo reports the game was made previous year, and it looks like the "simplest, cheapest version of 'Super Mario Run .'" Nevertheless, fans would surely love dashing through the worlds of their favorite shows.
Business
McDonald's sells China business in deal worth up to $2.1 billion
McDonald's has about 2,200 stores in China, and about a third of them are already franchised. "As such, the market for Western Quick Service Restaurants is expected to continue to grow rapidly". "China and Hong Kong represent an enormous growth opportunity for McDonald's ", said CEO Steve Easterbrook. Customers in China could also see changes soon.
Business
North Korea again threatens ICBM launch, blames US
In its turn, North Korea's Korean Central News Agency (KCNA) reported on January 5 that the preparation to the test of an intercontinental ballistic missile in North Korea is on the final stage . North Korea's ICBM, with a range of 5,500 miles, could cause devastation if launched at the US. However, experts say it will take Pyongyang several years to ideal the technology and use it in a war.
Business
China's forex reserve drop narrows in 2016, pressure remains
Some analysts estimate it needs to retain a minimum of $2.6 trillion to $2.8 trillion under the International Monetary Fund's (IMF's) adequacy measures. But he noted that in recent months, China has been stepping up its policing of outflows. The Economic Information Daily reported that Yu Yongding, a former member of the central bank's Monetary Policy Committee Yu Yongding said the pressure from outflows will persist this year and China can not let its yuan currency depreciate more than 25 ...
Business
Four Israeli cadets die in truck attack
Jerusalem Mayor Nir Barkat called on residents not to "let terror win" and said militants would "pay a heavy price". According to the IDF spokesman, an additional two cadets were seriously wounded, and 15 other officers and cadets sustained less severe wounds.
Business
Cuomo Pushes For Early Voting, Same-Day Registration
The proposals are part of what Cuomo is calling the Democracy Project, and include early voting and both automatic and same-day voter registration. Governor Cuomo says since NY is one of the only states without early voting, early voting would require every county to offer residents access to at least one early voting poll site in the 12 days that lead up to Election Day.
Business
Unrest over Mexico gasoline price hike erupts into looting
The price hike is part of a gradual year-long deregulation of the energy sector, and comes as Mexicans are already battling rising inflation and a weak currency. The increases took effect as the government ends regulated prices for gasoline and diesel, which it says represented subsidies that unduly benefited wealthier Mexicans.
Business
ROE of Valero Energy Corporation (NYSE:VLO) stands at 10.8
Finally, Citigroup Inc. upped their price objective on Valero Energy Corporation from $58.00 to $61.00 and gave the company a buy rating in a research report on Wednesday, October 19th. If you are viewing this news story on another site, it was stolen and republished in violation of United States & worldwide copyright & trademark laws.
Business
Fiat Chrysler Spends $1 Billion on U.S. Amid Trump Squeeze
The Jeep Wagoneer and Grand Wagoneer (details here) will be built in MI, the pick-up truck will come out of the FCA facility in Ohio. He recently attacked GM for producing one of its vehicles in Mexico and has threatened tariffs on imported cars.
Business
Dems Call for Conflict-of-Interest Investigation on Price
The problem for Democrats now, however, is that they aren't going to be the majority party in Congress when President-elect Donald Trump assumes office. But while frustration over Garland's nomination might be understandable, what Schumer suggests - leaving a Supreme Court seat open for four years - would be unprecedented .
Business
Waymo, Fiat Chrysler announce first self-driving minivan
During the keynote, Krafcik talked about how they have lowered the cost of LIDAR sensors over the past few years that they have been working on self-driving cars. That suggests the Lidar sensor costs around $7,500, which is still much too expensive for any traditional production vehicle to absorb, but it's significant progress that will likely improve at scale.
Business
Worth Watching Stock: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
The stock price of firm is moving up from its 20 days moving average with 14.89% and remote isolated positively from 50 days moving average with 15.08%. While looking at the Stock's Performance, Walgreens Boots Alliance, Inc. now shows a Weekly Performance of -0.67%, where Monthly Performance is -2.32%, Quarterly performance is 3.61%, 6 Months performance is 4.09% and yearly performance percentage is 6.21%.