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Netflix breaking into China with iQiyi deal

Netflix is to introduce original content in China in a licensing deal with local video streaming service iQiyi .com, says the USA company. "Right now what we will do is look to license content into China". Variety reported earlier that a Netflix executive, Robert Roy, announced at a conference in Indonesia that a deal with iQiyi was in place. Netflix CEO Reed Hastings recently said that a full China launch was unlikely in the near term, and that the company would focus on licensing for ...

Business

Ontario's New Fair Housing Plan - The Good and the Bad

Following two consecutive years of double-digit gains, Toronto's average house prices in March 2017 were up over 33 per cent over a year earlier. Tal took issue with the province's plans to expand rent control, which now applies only to units built before November 1991, to all private rental units.

Business

CytRx Corporation's (CYTR) stock price is Currently Worth at $0.83

Earnings per share (EPS ) breaks down the profitability of the company on a single share basis, and for CytRx Corporation the EPS stands at -0.06 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.11, suggesting the stock exceeded the analysts' expectations.

Business

Nasdaq passes 6000 for first time

The Nasdaq, which includes Bay Area tech stalwarts Apple, Google's parent company Alphabet, Intel, Oracle and Cisco Systems, crossed the 6,000 level shortly after stock trading began at 6:30 a.m. Polls show Macron is likely to beat his far-right rival Marine Le Pen in a deciding vote on May 7. Of the 100 S&P 500 companies that have reported results so far, 77% have beaten profit expectations, according to Thomson Reuters I/B/E/S.

Business

Looters will have to return the loot, PM tweets over Mallya's arrest

Expressing delight post the arrest of beleaguered liquor baron Vijay Mallya from London, former Kingfisher employee Neetu Shukla on Tuesday said the employees will cherish the move further more when they recover their dues. March-April: ED issues several summons to Mallya to appear before it. Non-bailable warrant issued by designated courts (ED). The Congress asked why the Modi government sought Mallya's extradition, and not deportation which it claimed would have ensured his immediate ...

Business

Walker welcomes help from feds on Canadian dairy dispute

After Trump's attack, Canada's ambassador to the US sent a letter to the governors of Wisconsin and NY saying Canada' dairy policy is not the cause of financial losses for USA dairy farmers. A recent paper by the Montreal Economic Institute said that supply management in Canada's dairy sector has led to inflated consumer prices for milk products that cost each Canadian an extra $258 a year.

Business

MCD polls: EVMs dominate talks during AAP huddle at Arvind Kejriwal house

A ward-to-constituency computation of exit polls suggests the AAP numbers would plummet down to a single digit if elections for Delhi's legislature were to held right now. Exit poll by ABP News predicted a huge win for BJP in all the three municipal corporations with AAP a distant second. A voter shows her inked finger and voter ID card after casting her vote during the MCD elections, in New Delhi on Sunday.

Business

Facebook Spaces Brings a Fun Way to Interact in VR Environment

During his keynote speech at the company's developer conference F8, Zuckerberg said people would be able to do cool things like use their phones to play virtual games on coffee tables, overlay stats on an exercise video and leave virtual notes on the fridge.

Business

Marissa Mayer will walk away from Yahoo with $186 million

CEO Marissa Mayer is set to earn $186 million after the Internet company's sale to Verizon Communications (VZ) is complete, the Wall Street Journal reports . Yahoo declined to comment on Mayer's compensation, apart from the information included in its legal filings. Mayer, along with other Yahoo execs, will receive accelerated vesting of all stock options and other equity awards under the terms of the Verizon sale.

Business

North Carolina class-size proposal phases in lower caps

The bill, an altered version of HB 13 , gives systems more flexibility in reducing classroom size and paying specialties teachers in the school year that begins in July. Requiring local school districts to achieve a district-wide average class size in grades K-3 that is equal to the teacher-to-student ratio now in law and being funded by the state (either 18, 16 or 17 students, depending on the grade level) and a single class maximum of three above that number in the 2018-19 school year.

Business

French presidential hopeful Marine Le Pen temporarily stepping down as party leader

Le Pen finished just two points behind Macron on Sunday while earning her political party the most votes it's ever gotten. It attacked presidential Macron as a "candidate of oligarchs" and banking lobbies, who parties with show-business celebrities, as it sought to portray Le Pen as more in touch with the French people.

Business

N. Korea conducts large-scale artillery drills on anniversary

According to the daily, "all parties would bear the consequences, with Pyongyang sure to suffer the greatest losses". The warships were briefly at the centre of some confusion when they did not immediately head to the Korean peninsula , but US Navy officials said it is now proceeding to the region as ordered.

Business

Tory election manifesto 'will include PM's Brexit pledges' to stifle rebellion

Although Parliament will not be officially dissolved until early May, campaigning is already under way - with Lib Dem leader Tim Farron addressing a rally of activists in south-west London earlier on Wednesday . The U.K.'s having another election in June, this time to decide which party will be running the country during its separation from the European Union.

Business

Bull versus the girl: iconic NY statues at loggerheads

As a result he's challenging New York City's authorities to have " Fearless Girl " removed before its intended February 2018 closing. The goal of the statue "was to create a powerful symbol to stand as a reminder" that putting more women in corporate leadership roles was a boon on many levels, the statement concluded.

Business

United Debacle Attorney Now Repping Mother From American Incident

The woman, who has not been identified, was boarding a flight at San Francisco International Airport when passengers allege a flight attendant "violently" took a stroller from her, nearly striking her baby. Officials at American Airlines have apologised, saying that the alleged confrontation does not reflect the company's values. Asked if there will also be a lawsuit by the mother against American Airlines-which was far more responsive than United to the respective incidents-Demetrio said he ...

Business

MCD polls: SEC receives 9 complaints of glitches in EVMs

The AAP and the Congress were expected to get 10 seats each. "One, pre-2006 EVMs without security features are being used in Delhi; two, these EVMs have no VVPATs; three, the EVMs are coming from Rajasthan (where he said EVMs were tampered with)", Kejriwal told reporters on Sunday.

Business

FelCor Lodging Trust Incorporated (FCH) Stake Cut by AQR Capital Management LLC

The firm is scheduled to report its next earnings report on Wednesday, May 3rd. Chatham Lodging Trust (REIT)'s dividend payout ratio is 155.30%. However, the stock is trading at -12.75% versus recent highs ($9.13). Several other hedge funds have also recently made changes to their positions in FCH. Ltd. raised its position in shares of Chatham Lodging Trust by 26.7% in the third quarter.

Business

Seoul: N. Korea drill marks military anniversary

With North Korea reportedly coming close to owning a nuclear-tipped ballistic missile, the U.S. Trump administration has been ramping up pressure on North Korea and persuading China to join efforts to curb North Korea's nuclear and missile programs.

Business

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

The PPG chairman said shareholders will certainly want to know why AkzoNobel executives have refused to meet with PPG ever since the United States company launched its first bid for the company in early March. The new proposal offered to buy all shares at some 96.75 euros per share, an increase of 6.75 euros on its last bid on March 21. " AkzoNobel's standalone plan also will require substantial restructuring; potentially decreases free cash flow, putting future and accelerated growth ...

Business

Police pick up adorable intruders: A pair of pygmy goats

Sergeant Daniel Fitzpatrick was the hero they needed, tracking them down to a stranger's garage in Belfast, Maine , where they were eating cat food. Fitzpatrick then just drove around looking for the goats' owner, but not before taking some selfies of his adventure.

Business

What's Boosting Caterpillar Stock to a New High after Earnings

It's all connected to a Swiss subsidiary -- where it is believed by investigators that Cat moved $8 billion in profits to avoid more than $2 billion in USA taxes. Hasbro, Inc. (NASDAQ:HAS) reported first-quarter profit of $68.6 million. Alcoa is no longer the "unofficial" start of earnings season, but it should enjoy some time in the spotlight amid an earnings beat and a pop in AA shares.

Business

Analysts Review on Price Reaction History: McDonald's Corporation (NYSE:MCD)

The firm owned 2,613 shares of the fast-food giant's stock at the end of the first quarter. Rhumbline Advisers now owns 1,458,251 shares of the fast-food giant's stock worth $168,224,000 after buying an additional 41,343 shares during the period.

Business

Wijnaldum urges Liverpool to keep fighting in top-four tussle

He said: "Four wins has to be the target". 'But when he came over to me, I stood up and did what we always do as friends, our hand check. "All the set-pieces in training we had done very well but again we concede a goal after a set-piece".

Business

Aviation officers say United passenger removed using 'minimal but necessary force'

The reports , released on Monday in response to Freedom of Information Act request filed by the Los Angeles Times and others, show that the officers portrayed a significantly different version of events from those depicted in videos Dao's fellow passengers filmed on their cellphones.

Business

Freeport-McMoRan Inc (FCX) Bond Prices Fall 2%

Deutsche Bank AG reissued their hold rating on shares of Freeport-McMoran, Inc. The count of Hold ratings in that period was 4. Currently, the market capitalization of Freeport-McMoRan Inc. Following the completion of the sale, the director now owns 61,080 shares of the company's stock , valued at approximately $1,014,538.80. FMR LLC now owns 20,746,410 shares of the natural resource company's stock valued at $273,644,000 after buying an additional 5,171,930 shares during the last quarter.

Business

Russell Westbrook goes off on reporter in an animated press conference argument

With 11.6 seconds remaining, Houston's Nene collected a flawless, 40-foot pass from Harden and scored on a layup as he was fouled by OKC's Jerami Grant . The Thunder converted on just 18-of-32 shots from the line. And when you see that the Thunder shot better from the field AND three-point range while recording less turnovers, you have to ask what caused the downfall.

Business

Lavrov: 'Thorough investigation into Syria chemical attack necessary'

Writing for the Sunday Telegraph, Johnson said the United Kingdom and its allies will gather evidence to prosecute those who were responsible for a recent chemical weapons attack in Syria. Syria has denied it carried out a chemical-weapons attack, but US and other Western leaders have said there was no doubt Assad's government was responsible for the attack that killed at least 70 people.

Business

Canadian National Railway Company Earnings Watch & Stock Update

At the moment 26 analysts are watching Canadian National Railway Company (NASDAQ:CNI), 1 rate it "Buy", 6 "Outperform", 19 "Underperform", 0 "Sell", while 0 "Hold". 01/25/2017 - Canadian National Railway Company had its "neutral" rating reiterated by analysts at Citigroup. Canadian Pacific Railway Limited's payout ratio is now 18.67%.

Business

Evidence Of Sarin Gas Found By Chemical Weapons Inspectors

U.S. Secretary of Defense Jim Mattis initially said 20 percent of Syria's air force had been destroyed in the cruise missile attack, but later backtracked and said that 20 aircraft had been rendered inoperable. It came days after Syria's rebel-held Khan Sheikhoun area of Idlib province experience a chemical weapons attack that killed more than 70 civilians. On Tuesday morning a residential district in Chan Sheikhun in Idlib province was bombed and poison gas was released.

Business

Trump tax plan may produce some short-term budget issues - Mnuchin

The Tax Policy Center, a nonpartisan tax group affiliated with the Brookings Institution and Urban Institute, has estimated that Trump's corporate tax proposal, as outlined during the campaign, would cost $2.4 trillion over 10 years. Trump's remarks came just days after Treasury Secretary Stephen Mnuchin appeared to suggest that the tax cuts may not be enforced quickly. " Tax reform is way too complicated", he said.

Business

(INTC) Shares Bought by Foresters Investment Management Company Inc

Northwest Investment Counselors LLC boosted its stake in shares of Intel by 2.0% in the third quarter. On Thursday, Shares of eBay Inc (NASDAQ:EBAY) lost -3.91% to $32.53. TRADEMARK VIOLATION NOTICE: This piece of content was first reported by BBNS and is the sole property of of BBNS. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & global copyright & trademark laws.

Business

Oil Prices Fall Amid Fears of a New Downtrend

Eleven non-OPEC countries - Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South Sudan - agreed to reduce the oil output. The Relative Strength Index (RSI), which measures momentum in asset pricing, fell below 30 for both oil benchmarks for the first time in nearly a month.

Business

Patanjali Amla Juice Found Unsafe; Army Canteens Suspend Sale

On Monday, CSD stopped the sale of the amla juice at all its 3,901 outlets across the country. In a letter dated April 3, 2017, the CSD asked all depots to make debit notes for their existing stock of Patanjali's famous product can be returned.

Business

No US trading partners designated as currency manipulator

In a semiannual report on America's major trading partners published late Friday, the Treasury Department declined to label any country a currency manipulator, though it kept China, Japan, Korea, Taiwan, Germany and Switzerland on a previously established "watchlist" of countries that merit close attention for their currency practices.

Business

Costa coffee owner Whitbread sees 'tougher' times ahead

Revenue came in at 3.1 billion pounds, up 8.2 percent. Costa Coffee's slowdown took the shine off results showing full-year pretax profit of 565 million pounds ($665 million), exceeding the average analyst estimate of 554 million pounds. "One big issue is the growth of artisan coffee - smaller independent outlets are a bit more fashionable these days, which is denting growth prospects at Costa".


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