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Uber's President Quits: Are IPO Plans Toast?

Recode , citing unnamed sources within the company, characterized Jones as a conflict-averse leader whose had determined that Uber's problems were bigger than he realized. Around the same time , of course, Google also sued Uber over alleged theft of trade secrets . Last month , chief executive Travis Kalanick (pictured above) was forced to apologise after video emerged of him getting into a foul-mouthed argument with one of the company's drivers over falling pay rates.

Business

Oil drops as USA drilling growth threatens to counter Opec cuts

On the New York Mercantile Exchange crude futures for May delivery lost 56 cents to settle at $48.22 a barrel, while on London's Intercontinental Exchange, Brent lost 14 cents to settle at $51.63 a barrel. The chart above shows how oil prices have fared since OPEC announced its supply cut a year ago until date. April natural gas traded at $3.009 per million British thermal units, up 6.1 cents, or 2%.

Business

Oil Prices Seen Stuck Below $60 This Year as High Stocks Persist

Producers added more oil rigs to USA fields, extending a drilling surge into a 10th month, Baker Hughes Inc . said on Friday. On Nov. 30, the cartel officially announced that its members would cut their production by 1.2 million barrels per day, while non-OPEC members would reduce production by an additional 600,000 barrels per day.

Business

Trump drops 200 spots in Forbes rich list

According to the United States publication's latest global rich list, Gates grew his wealth by US$11 billion during 2016 to US$86 billion, ranking as the richest person in the world for 18 of the past 23 years. Trump's current $3.5-billion net worth compares with $3.7-billion in October, when Forbes published its list of the 400 wealthiest Americans and a month before his Election Day upset against Democrat Hillary Clinton.

Business

Trump is $1B 'poorer' in latest Forbes ranking

A familiar face fills the number five spot this year as Facebook's Mark Zuckerberg slotted in there with a fortune of €11.4bn and sixth place went to Carlos Slim Helu of Mexico who has been ranked outside the top five for the first time in over 12 years.

Business

Saudi Crude Output Cuts In January Bring Exports Down 3.8 Percent

Crude prices dipped over a percent on Monday, as investors lose confidence in oil following strong drilling data from the United States and pessimism about OPEC-led output cuts. Falih had said that the Kingdom won't "bear the burden of free riders". It also expects the cartel to maintain its agreed six-month production quota at around 32.5m barrels per day (bpd) for the rest of the year.

Business

Super Bowl star Tom Brady's jersey found in Mexico

That sparked an investigation involving the FBI and other agencies, who have recovered the jersey as well as the one worn by Brady in New England's Super Bowl XLIX victory over Seattle in 2015. After the game, reporters saw Brady looking through the bag in front of his locker and then calling some team staffers over. For his part, Brady seemed breezy about the missing jersey.

Business

Gold slips on technical selling; Fed stance caps fall

Hedge funds and money managers slashed their net long position in COMEX gold for the second straight week in the week to March 14, and also cut long positions in silver, U.S. G20 financial officials reiterated their warnings against competitive devaluations and disorderly currency markets. On Monday Chicago Fed President Charles Evans suggested there could be more hikes this year but Minneapolis boss Neel Kashkari said the policy board should take its time.

Business

Seres Therapeutics, Inc. (MCRB), Mylan NV (MYL)

ET. Seres reported a net loss of $25.3 million for the fourth quarter of 2016, as compared to a net loss of $19.6 million for the same period in 2015. Fidelity Management and Research Company is the second biggest holder with 6 million shares now valued at 60.47 million whilst Federated Global Inv Mgmt Corp has 2 million shares valued at 25.12 million.

Business

Motorcyclist died after fatal crash with truck Saturday morning

Investigators said two motorcyclists may have been racing along Parker at Northlane when one of them crashed into a vehicle. The rider died at the scene. S. Sheridan was closed between W. Warren Ave. and W. Yale Ave. while police investigated the crash. Accident investigators were called on scene to investigate the deadly crash.

Business

Trip to Social Security might not be needed in some cases

As the bells rang in a new year, they also rang in changes in 2017 for people considering claiming Social Security retirement benefits. Social Security has been a cornerstone of financial security for more than 80 years. If you end up getting a divorce but your marriage lasted at least 10 years, you're eligible to receive your ex-spouse's Social Security benefits when he reaches retirement age.

Business

Middlesbrough v Manchester United

Tempers flare between Middlesbrough and Manchester United players during their English Premier League soccer match at the Riverside Stadium, Middlesbrough, England, Sunday, March 19, 2017. The derby will be more-or-less be a must-win game for City while United can't afford to come away with anything less than a point. "I have matured and I am more peaceful".

Business

Donald Trump takes shot at Colin Kaepernick

Trump seemingly referenced this in his speech when he said people in Kentucky "like it when people actually stand for the American flag". Kaepernick - who took a knee during the national anthem this season in a silent protest to bring attention to police brutality against people of color - drew the ire of the " least racist person that you have ever met " at a rally held in Kentucky on Monday night.

Business

Authorities assessing whether Brazilian rotten meat reached Denmark

Chile and South Korea have also made a decision to suspend meat imports. The European Commission, the EU executive arm, called on Brazil immediately to halt exports by four companies implicated in the scandal, the bloc's spokesman Enrico Brivio told reporters in Brussels.

Business

Trump going outside Washington for support on health bill

For lower-income people age 50 to 64, Ryan said of the tax credits, "We think we should be offering even more assistance than the bill now does". "We think that we should be offering even more assistance than what the bill now does", Ryan (R-Wis.) said in a " Fox News Sunday " interview, in which he confirmed that House leaders are eyeing a Thursday vote on its passage.

Business

Brazil reassures foreign countries after meat scandal

Investigator Mauricio Moscardi Grillo said the meatpackers used chemicals to improve the appearance and smell of expired meats. Trying to calm fears that tainted meat may have been exported overseas, Brazil's President Michel Temer met with a group of 33 ambassadors from major meat importing countries that the great majority of Brazil's meats is of excellent quality and that the federal government would be creating a task force to look into those meatpacking plants accused by the federal ...

Business

OPEC keeps U.S. shale guessing on cuts -- but the answer is clear

Russian Federation slashed oil production by 161,000 barrels per day as of March 19 against October 2016 taken as a base level within the framework of the agreement with OPEC, a source familiar with official statistics on oil production in Russian Federation told TASS on Monday.

Business

Oil Price Forecast - Week Starting 19th March 2017

Saudi Arabian Oil Minister Khalid al-Falih told Bloomberg that the US oil sector was a factor to watch. On the contrary, oil prices have fallen sharply below the pre-output-cut levels as seen in the chart below. Analysts say speculative investors are likely to keep reducing bullish positions, thanks to optimism amongst US producers boosting drilling activity, which in part will offset OPEC attempts at reducing supply.

Business

Fed Interest Rate Hike 'Not Likely to End this Bull Market'

Kashkari's stance establishes him as a voice of resistance as the Fed gets moving: as of last week's meeting, officials forecast two more rate increases this year, assuming their economic projections for low unemployment and near-2 percent inflation are met.

Business

The Dalai Lama inaugurates International Buddhist Conclave in Bihar

In his opening address, the Dalai Lama told Buddhist delegates and experts from 35 countries that all religions share one principle - love and compassion - and that all must promote religious harmony in order to overcome both historical and current problems created in the name of religion.

Business

Crude Oil Drops Near $48

WTI crude has "found itself vulnerable to heavy losses.as the rising drilling activity in the US reinforced the oversupply fears", said Lukman Otunuga, research analyst at FXTM, in a note. In a note to clients, AB Bernstein was quoted by Reuters as saying the reduction in OPEC production from the start of 2017 will start to show up between mid-March and mid-April, thereby improving crude prices.

Business

Britain to formally launch European Union exit on March 29

After almost a year of phoney war since the June 23 referendum vote to quit, British negotiators led by Brexit Secretary David Davis will sit down with the European Union, possibly still in May. Continued full membership of the customs union is unlikely as it would prevent Britain striking its own trade deals with non-EU countries, a key plank of May's strategy for a new "global Britain".

Business

Dems Fighting to Block Trump's US-Mexico Border Wall

After initially saying the wall should be made of concrete, the government widened its call and said it would consider " other designs ". They also are looking for designs that do not allow people to climb over it or tunnel under it. A federal contracting expert told CNN this approach is common when the government knows generally what it wants, but is interested in seeing different ideas to accomplish the goals.

Business

Transocean Ltd. (NYSE:RIG) Valuation According To Analysts

After a recent spot-check, the stock has touched $12.16 which represents a change from the open of -0.41%. The Stock now has the market capitalization of $4.87 Billion, P/E (price to earnings ttm) of 5.98 and Weekly volatility of 4.03% and monthly volatility of 3.90% respectively.

Business

A local group met to discus Supreme Court pick

Grassley drew criticism throughout previous year for refusing to hold a Judiciary Committee hearing for President Obama's nominee to fill the vacancy created in February of 2016 when Supreme Court Justice Antonin Scalia died. Republicans will seek to assuage these concerns by painting Gorsuch as an ardent textualist in the mold of Scalia, wholly committed to the idea of the separation of powers.

Business

Bob Dylan to play shows in Ottawa, Kingston in June

Dylan, 75, is touring this summer to support his triple album of new material, Triplicate, which arrives March 31. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw. Dylan, who turns 76 on May 24, will be making his second appearance at the Rogers K-Rock Centre. Two nights later he plays in Kingston, followed by appearances June 29 in Ottawa and June 30 in Montreal.

Business

Jamie Carragher praises Liverpool star's 'fantastic pass' against Man City

Guardiola said City's enterprising display, so soon after their disappointment at Monaco, made it "one of (his) happiest days as a manager". Manchester City had to come from behind to hold Liverpool 1-1 as both teams lost ground in the Premier League following victories for Chelsea and Tottenham Hotspur.

Business

IBM Launches Cloud-Based Enterprise-Ready Blockchain Service

The new service is based on the Linux Foundation's Hyperledger Fabric version 1.0, IBM said in a press release . The Hyperledger Fabric is essential for complying with regulations as it is a permissioned blockchain , a requirement for data protection and confidentiality.

Business

Sprouts Farmers Market, Inc. (SFM) has Current Market Capitalizaion of $3.01 Billion

This meant that the stock still offers about ten percent upside potentials though the stock is trading down about two percent on Monday. (NASDAQ:SFM) now has a High Price Target of $30. Last year, buyout firm Apollo, which previously owned Sprouts, purchased The Fresh Market , a specialty grocer with stores in the Midwest, Southeast and Mid-Atlantic, for about $1.4 billion.

Business

Eric Trump, Wife Lara Expecting Their First Child

The as-of-yet unnamed son will be the President's ninth grandchild. " Eric's dad was so excited", Lara said, "that we were anxious he'd blurt it out at a press conference". Now, she joked with People , she's realizing that she would actually like to name her firstborn Charlie, if she hadn't already given the name to her dog.

Business

Featured Stock to Focus: Whiting Petroleum Corp. (WLL)

There may be various price targets for a stock. 01/31/2017 - Whiting Petroleum Corporation had its "outperform" rating reiterated by analysts at Credit Suisse. All of these Earnings estimates are a consensus recommendation of 32 Analysts. ( WLL ) could bring EPS of $-0.32/share. The company reported its last quarter on Dec 16.

Business

Trump denies he colluded with Russian Federation during the election

Officials investigating the matter have said they believe Moscow had hacked into Democrats' computers in a bid to help Mr Trump's election bid. Trump said, referring to statements made two weeks ago by the former director of national intelligence during the Obama years.

Business

May begins Brexit tour amid battle to keep United Kingdom together

Mike Russell said he only found out the Brexit process would formally get under way on March 29 when it was reported in the media. The announcement came after May pushed through legislation to start the negotiations to start withdrawal - a process set in motion by voters in a June 23 referendum.

Business

Zacks Rank on MGM Resorts International (MGM) based on Estimated Earnings

Many analysts have provided their estimated foresights on MGM Resorts International Earnings, with 10 analysts believing the company would generate an Average Estimate of $0.31. 03/06/2017 - MGM Resorts International had its " rating reiterated by analysts at Deutsche Bank. The companys revenue was up 12.3% compared to the same quarter previous year.

Business

Chuck Berry's Family Move Forward With Planned 'Chuck' LP

He died Saturday afternoon after being found unresponsive. The first responders then administered lifesaving techniques. "Unfortunately, the 90-year-old man could not be revived and was pronounced deceased at 1:26 p.m". Alice Cooper issued a statement saying, "Everybody In Rock "N Roll, from The Beatles to Alice Cooper , owes Chuck Berry ". The song has been included on a number of lists of the greatest songs of all time ( Rolling Stone's 500 Greatest Songs of All Time and the Rock and ...


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