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Intel slaps down $15bn on the purchase of driverless auto specialist Mobileye

Mobileye was an early supplier of vision systems to Tesla, but the two companies had an acrimonious and public break-up last summer after the driver of a Tesla Model S was killed while operating the vehicle using Tesla's Autopilot system. Eric Schmidt, CEO of Google's parent company Alphabet, praised Mobileye's cutting edge technology past year, even though Mobileye is competing with Google to produce the world's first driverless vehicle.

Business

Theresa May says Britain stands at 'defining moment' because of Brexit

Some EU officials have said we could face a £50bn bill from the bloc but Government sources say Britain is entitled to get some money back. Mrs May's statement to MPs on last week's European Council summit came after the EU withdrawal bill was backed by the House of Lords, clearing the way for it to receive Royal Assent and become law.

Business

Silver and Frontier Pull Cuba Service

March 13-The shake-up continues in the Cuba travel business with two US airlines announcing Monday that they planned to cancel their routes to the island. Meanwhile, President Donald Trump has ordered a review of all the executive orders issued by former President Obama in connection with Cuba, thus calling into question the future of US-Cuban relations.

Business

Dutch election a test case for Europe's appetite for populist disruptors

He is regularly compared to President Donald Trump, for his policies and also his penchant for communicating via Twitter. And it reminds her of kind of the things that she saw similar strategies, from her perception, in the USA presidential, and, of course, the Brexit campaign past year.

Business

Wholesale price inflation hits a 39-month high of 6.55% in February

Core inflation drops to 16.0% year on year in February 2017 from 17.9% in January 2017 and by 0.68% month on month in February 2017 from 0.62% in January. Meanwhile, the price of gram (14%), arhar (7%), condiments & spices (6%), urad (5%), tea and masur (3% each), egg, moong and maize (2% each) and wheat and coffee (1% each) declined.

Business

Today Analysts Focus on Heat Biologics, Inc. (HTBX), Oclaro, Inc. (OCLR)

Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. Relative strength index (RSI-14) for Heat Biologics Inc (NASDAQ:HTBX) is at 59.13. The consensus rating is 2.3, suggesting the market has given up on the stock. On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance.

Business

Manohar Parrikar sworn in as Goa Chief Minister

The situation is similar in Manipur too where the split verdict has also placed Congress intriguingly close to the magic number, but could still be denied power as commercial realpolitik takes over and legislator loyalties are placed in the market even as defections and resignations are engineered.

Business

Euronet sparks MoneyGram bidding war with Ant Financial

Euronet's offer, unlike the one from Ant Financial, would not need to be reviewed by the Committee on Foreign Investment in the United States (CFIUS), a USA inter-agency panel that reviews foreign acquisitions of domestic assets for national security concerns.

Business

Praxair Named a 2017 World's Most Ethical Company by the Ethisphere Institute

CareFirst BlueCross BlueShield (CareFirst), the largest health insurer in the mid-Atlantic region, has been recognized by the Ethisphere Institute as one of the "World's Most Ethical Companies" in 2017. Ford maintains its record streak by appearing on the Ethisphere Institute's World's Most Ethical Companies list for an eighth straight year-an unprecedented number for any automaker.

Business

'Clear Knee Mom Jeans' baffle online Nordstrom shoppers

As for the plastic knee covers, TopShop simply calls it a " cool clear knee panel detail". The MOTO Clear Panel Mom Jeans are available for $95 on TopShop's us site as well as on Nordstrom.com, making them a very real product that is apparently not a joke.

Business

When Donald Trump meets Angela Merkel: the key battleground areas

Trump often claimed that his Democratic presidential rival, Hillary Clinton, was running to be "America's Angela Merkel" and argued that Germany was in the midst of crisis. "My expectation is that they'll have a very positive, cordial meeting", said one of the officials, who spoke on condition of anonymity. Many analysts say the meeting is Trump's most important with a foreign leader since taking office.

Business

US Senate Confirms Seema Verma to Head Medicare, Medicaid Centers

Prior to being nominated by President Donald Trump to lead CMS, Verma was a healthcare consultant who worked with several state governments on Medicaid reform and expansion. As Republicans fight to calm stakeholder fears that the proposed American Health Care Act might derail the health system's ability to manage populations effectively and serve vulnerable patients in a cost-effective manner, the new Administration's top leaders, including HHS Secretary Tom Price, will likely play a ...

Business

Hudson's Bay in talks to buy Neiman Marcus, reports say

While the source cautioned that "no deal has been signed", the source nevertheless added that Hudson's Bay has already "done its due diligence" on a prospective acquisition of Neiman, which also owns the Bergdorf Goodman stores on Fifth Avenue.

Business

Cummins called up to replace Australia paceman Starc

And it is that form - and his man-of-the-match effort in his only Test for Australia at Johannesburg in November 2011 - that has Hayden absolutely convinced Cummins should be picked. "One of the things I absolutely love about Virat is he's got such a deep down burning desire to win - and obviously he's up to pushing the limits".

Business

Secretary of State Tillerson used e-mail alias as Exxon CEO

Tillerson, whose middle name is Wayne, used the email alias and unimaginative faux porn name " Wayne Tracker " 2008-2015 to "send and receive materials regarding important matters", including climate change, CNN Money reports. "It could be misleading to not tell the attorney general the actual owner of that email address", she said . The ongoing investigation seeks to establish whether the oil giant, then led by Tillerson, had fraudulently misled investors on the impact of climate change.

Business

Double-digit growth in Asia helps offset slump in United Kingdom profits at Prudential

Prudential's overseas businesses benefited from the effects of weak sterling, leading to major operating profit rises. Prudential announced in a statement this morning that its IFRS operating profit had climbed to £4.26 billion past year, up from £4 billion in 2015, led by double-digit growth in Asia , where profits rose 15 percent to £1.6 billion.

Business

President Trump to hold rally in Louisville

However, Trump's D.C. hotel has been a source of controversy from the very beginning, with a group of House Democrats calling on the president to divest from the property prior to the time he took office on January 20. But it might not: Although Republicans have long opposed that program on the grounds that it's insufficiently pro-Israel, a diplomat told Foreign Policy that it nonetheless may survive, as it insulates the Israeli government from the responsibility of providing relief to ...

Business

Flight cancellations piling up for Monday, Tuesday in US

Northeast. Officials say the pending snowstorm is canceling flights at several major airports in the northeast. At Boston Logan, about half of Tuesday's flights were already canceled while it was about a third of the schedule at LaGuardia, JFK Washington National and Philadelphia, according to FlightAware .

Business

WINTER STORM | Let the Vindicator know about weather problems

The chance of precipitation is 90 percent, with new snow accumulation of around 3 inches. Total accumulation will be about half an inch for the day. Areas of blowing snow after 2 p.m. Chance of precipitation is 20%. Tonight will be partly cloudy, with a low around 12. Republicans are bracing for a Congressional Budget Office analysis that will most likely show that fewer Americans will have health insurance under the GOP healthcare proposal ...

Business

Saudis Tell OPEC They Eased Cuts by Pumping 10 Million Barrels

Later on Tuesday investors will be watching out for figures from the American Petroleum Institute, an industry group that issues forecasts on U.S. crude production and stock inventories ahead of the official release of numbers from the U.S.

Business

Oil Hugs $48 As OPEC Acknowledges US Glut

The organisation's members have been forced to discount their selling prices to protect their prized relationships with Asian refiners. Demand on the other hand was now seen growing by 1.26m b/d this year, 70,000 b/d more than OPEC projected in its previous MMOR, to reach 96.31m b/d.

Business

The Vornado Realty Trust (VNO) Shares Sold by AQR Capital Management LLC

Ltd. boosted its stake in shares of MedEquities Realty Trust by 31.3% in the fourth quarter. On Sep 16 Kite Realty Group Trust (NYSE:KRG) reported its EPS in the last quarter as $0.52/Share beating the analyst estimate of $0.51/Share by the difference of $0.01.

Business

No more U.S. trips for the Girl Guides of Canada

About 700 girls travel in Canada and to worldwide locations each year, spokeswoman Sarah Kiriliuk told The Huffington Post. Members of the Girl Guides of Canada. There are two cases of Canadian citizens of Moroccan heritage being turned away at the border among others. A nationally sponsored trip to a California camp that was scheduled for this summer is being relocated.

Business

Diego Costa admits Eden Hazard will have to think about leaving Chelsea

Thibaut Courtois has insisted he will be a Chelsea player next season, despite reports linking him with a return to La Liga. Barring a late-season slump, the Belgium worldwide will pick up his second Premier League winner's medal in May and may well have an FA Cup medal to add to it after Chelsea took care of Manchester United 1-0 in the quarter-finals on Monday night.

Business

Russian oil major says United States shale growth imperils OPEC deal

Crude oil prices declined 5 percent Wednesday after a federal USA report revealed dramatic gains in crude oil storage and production levels. Futures for West Texas Intermediate (WTI), the United States benchmark, fell below $48 (£39.2) per barrel for the first time since the end of November, when Opec managed an historic agreement to limit production.

Business

Asda cuts cost of fuel to start new price war

The rare piece of good news for motorists comes after a sharp fall in the global price of oil in the last week - down from more than $56 per barrel last week to around $51 a barrel today. Asda's latest income tracker shows that year on year, vehicle fuel has increased by 16.8 per cent, with prices peaking to their highest levels since December 2014.

Business

WPI inflation at 6.55% in February as food, fuel prices go up

Wholesale price inflation had risen 5.25% in January and declined 0.85% in February past year, data released by the commerce and industry ministry showed on Tuesday. According to the data released by the Union Commerce Ministry on March 14, food prices rose sharply by 2.69 per cent in February as compared to a deceleration of 0.56 per cent in January.

Business

U.S. economy added 235000 jobs in Trump's first full month

It's been a stop start, drawn out cycle so far and it's been more than a year since the Fed first raised the fed funds rate in December 2015 from a record low of close to zero set during the 2008 financial crisis. Among post-9/11 veterans, the unemployment rate dropped from 6.3 percent in the first month of the year - the widest margin since last April. What will be just as interesting will be the changing expectations of participants in the probability of an increase in inflation during the ...

Business

Intel Stumps Up $15.3B To Get Into The Driverless Car Market

Intel and Mobileye have already teamed up in a partnership with BMW AG as the luxury-car maker plans to introduce the fully autonomous iNext vehicle by 2021. Today, Mobileye estimates its products to have been installed in approximately 15.7 million vehicles worldwide through December 31, 2016. However, if confirmed, this could be the biggest acquisition of an Israeli tech firm.

Business

US Attorney Preet Bharara Has Refused to Resign

What is unusual is telling or strongly implying that you are going to extend the term of a U.S. attorney into the new administration and then arbitrarily demanding his resignation. The request for resignations from the 46 prosecutors who were holdovers from the Obama administration wasn't shocking. The Moreland Commission was an investigation into corruption in Albany, the state capital of NY, created by Gov.

Business

Heinz 'hires' Sterling Cooper Draper Pryce for ketchup ads

The unimpressed Heinz executives on the show put it a different way: "It feels like half an ad". When a popular television show borrows a brand and even cooks up an advertising campaign for it, you might as well run with it. Don telling Heinz that the consumer has to meet them halfway. The David team rewatched the episode and felt the campaign would resonate today, Mr.

Business

China posts strong industrial output figures as economy gathers steam

Beijing has lowered it annual economic growth target to about 6.5 per cent in 2017 from the 6.7 per cent growth recorded previous year, but hoped for "higher [growth] if possible in practice". Auto sales dipped in the first two months of the year, according to government data. Property investment climbed 8.9 per cent in the same period, accelerating by 2 percentage points from a year ago, while floor space sold jumped 25.1 per cent year-on-year from January to February.

Business

US, South Korea, Japan Launch Joint Military Drills Amid DPRK's Missile Tests

Under such circumstances there would be massive outcry, not just from the USA government, but the population at large. Previously, the United Nations imposed sanctions on North Korea for three nuclear tests it carried out in 2006, 2009 and 2013.

Business

Toshiba shares plunge 8% on second earnings delay

The company plans to review the positioning of its US nuclear power unit Westinghouse and "aggressively consider strategic options for it", the company said in a regulatory filing. Toshiba is reeling from the multibillion-dollar writedown of its nuclear power business, with the company considering the sale of a majority stake in its prized memory chip business to help restore its finances.

Business

Intel snaps up self-driving tech firm Mobileye in $15B deal

Mobileye , founded in 1999 and based in Jerusalem, specializes in creating chips and software for autonomous vehicles, including data analysis and mapping. Although shares of Mobileye initially shot up roughly 30% Monday (March 13) morning, the market didn't seem particularly enthused by Intel's plans, with its shares later dropping about 2% ($0.65).


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