Economy


United States taps ex-envoy to NATO Volker to resolve Ukraine crisis
- July 10, 2017

During a short visit to Poland ahead of the G20 summit in Hamburg, Germany, this week - on the sidelines of which he met with Russian President Vladimir Putin for the first time - USA leader Donald Trump called on Russia to " cease its destabilizing activities in Ukraine and elsewhere ". (more...)
Massive fire burns at Oakland construction site Massive fire burns at Oakland construction site
- July 09, 2017

Other evacuees told NBC Bay Area that when they went to close windows to prevent smoke from entering their homes, the glass was hot. No injuries were reported . A large crane in the middle of an Oakland building that was destroyed by fire is in danger of collapsing. In the center of the flames is an unstable crane. (more...)
SoundCloud lays off 173 staff and consolidates offices SoundCloud lays off 173 staff and consolidates offices
- July 08, 2017

The startup, which was speculated to be worth more than Spotify by TechCrunch just a year ago, is also closing its San Fransico hub and is in talks with staff in London about the future of that office. Honing in on the jobs cull, he continued: "With more focus and a need to think about the long term, comes tough decisions". SoundCloud is based in Berlin and will maintain a second office in NY. (more...)
Consider more time for changing old notes, says SC Consider more time for changing old notes, says SC
- July 05, 2017

The court was hearing batch of petitions challenging the scrapping of the March 31 deadline to deposit demonetised notes with RBI. "You can't take away my money if I was terminally ill", the Supreme Court bench said while slamming the government over its December 30 deadline to deposit old notes in banks. (more...)
Financial Advisory Service Inc. Increases Position in Ford Motor Company (F) Financial Advisory Service Inc. Increases Position in Ford Motor Company (F)
- July 05, 2017

The company had revenue of $36.48 billion during the quarter, compared to analysts' expectations of $34.62 billion. General Motors Co.is the only carmaker to have missed estimates in reporting so far, with sales dropping 4.7 percent, compared with an average forecast for a 3.4 percent decline, as it curtailed fleet sales. (more...)
Samsung to invest $18bn in chips
- July 05, 2017

The company will also add a production line to its NAND factory in Xi'an, China to meet the demand for data storage chips. Mass production of the latest V-NAND chips at the new plant is part of Samsung's strategy to focus its capacities on the growing NAND chip market that is estimated to expand almost 40 percent every year. (more...)
Qatar given 48 more hours to respond to ultimatum Qatar given 48 more hours to respond to ultimatum
- July 04, 2017

Egypt's administration, led by President Abdel-Fattah al-Sisi, is at odds with Qatar for Qatar has allegedly supported and hosted fleeing members of the Muslim Brotherhood group, an organisation now blacklisted by the Egyptian government. (more...)
United States eases laptop ban on flights from Abu Dhabi United States eases laptop ban on flights from Abu Dhabi
- July 03, 2017

Officials said the laptop restrictions were removed for Etihad after inspections by the Transportation Security Administration verified that Department of Homeland Security measures announced last week had been implemented correctly at the airline. (more...)
Serge Ibaka sticking with Raptors, agrees to three-year, $65 million deal
- July 03, 2017

The point guard market probably wasn't as large or lucrative as he expected, but he's still going to earn a ton of money. If Lowry is coming back, Toronto has at least kept together a talented core it can compete with, no matter what the limited ceiling is against LeBron James and the Cleveland Cavaliers in next year's playoffs (at least most of the Eastern Conference has dropped off a cliff). (more...)
Novak Djokovic advances to semifinals at Eastbourne Novak Djokovic advances to semifinals at Eastbourne
- July 02, 2017

Djokovic, a three-time Wimbledon victor, will play Slovakia's Martin Klizan in the first round next week. This was their 14th meeting and Gael is yet to beat Novak, despite they played some close matches in the past. Definitely I will try to come back every year. Wozniacki said playing back-to-back matches Thursday — as organizers played catch-up with the schedule after rain delays early in the week — contributed to her injury. (more...)
Taiwan urges more democracy for Hong Kong after Xi Jinping's speech Taiwan urges more democracy for Hong Kong after Xi Jinping's speech
- July 02, 2017

These were below human height when then president Jiang Zemin visited in 2001 and just above human height when his successor Hu Jintao came here in 2012. "We have one simple message , respect Hong Kong people, give us universal suffrage, give us democracy or we will fight for it". These themes unite the images to tell Hong Kong's narrative. (more...)
Elkfork Partners LLC Has $22.82 Million Position in Nike, Inc. (NKE) Elkfork Partners LLC Has $22.82 Million Position in Nike, Inc. (NKE)
- July 01, 2017

Mcf Advsr Ltd reported 4,320 shares or 0.05% of all its holdings. Nike Inc (NYSE:NKE) shows a Forward Annual Dividend Rate of $0.68 and Trailing Annual Dividend Yield of 1.28% according to MorningStar Inc. Thompson, Jr. unloaded 14,000 stocks of the firms shares in a trade on Early Thur, Apr 20th. $3.66M worth of Nike Inc (NYSE:NKE) was sold by PARKER MARK G on Thursday, June 1. (more...)
Bank of America: Buffett Wins Again Bank of America: Buffett Wins Again
- July 01, 2017

The warrants were acquired as part of a deal announced on August 25, 2011, in which Buffett invested $5 billion in preferred stock that paid a 6% annual dividend, almost triple what the yield on the 10-year Treasury note TMUBMUSD10Y, +1.40% was at the time. (more...)
Federal Bureau of Investigation grills Kaspersky workers in counter-intelligence probe Federal Bureau of Investigation grills Kaspersky workers in counter-intelligence probe
- June 30, 2017

Reuters said ( citing two sources) that no search warrants had been served. Kaspersky sells cyber-security software to businesses and the government in the USA, although intelligence officials have warned for years that the company has ties to Russian Federation. (more...)
Sprint jumps on wireless partnership talks with Charter, Comcast Sprint jumps on wireless partnership talks with Charter, Comcast
- June 28, 2017

USA stock indexes were wavering between small gains and losses Tuesday morning as investors sized up the latest company and economic news . Sprint climbed 2.4 percent in early NY trading. 4 USA wireless carrier Sprint , the Wall Street Journal (sub. req.) reported . The two cable firms are now said to be considering a number of options, including investing in Sprint's network infrastructure and thus effectively paying for a large part of a potential MVNO deal. (more...)
Cuomo Calls Lawmakers Back To Albany For 'Extraordinary Session' Cuomo Calls Lawmakers Back To Albany For 'Extraordinary Session'
- June 28, 2017

County officials are hopeful to have the sales tax extension pass before it misses the 2018 budgeting timeline approaching this fall. Asked for more detail about what kind of new tax Cuomo was proposing if the Faso amendment becomes law, a spokesman declined to elaborate. (more...)
Toshiba to meet shareholders with no chip unit deal signed Toshiba to meet shareholders with no chip unit deal signed
- June 28, 2017

Western Digital , which jointly runs Toshiba's main semiconductor plant, has been feuding bitterly with its Japanese partner over the sale of the world's No. The consortium, whose bid has largely been orchestrated by Japan's trade ministry, would also have an implicit stamp of approval from the government which is keen to keep key semiconductor technology under domestic control. (more...)
Chinese Foreign Minister visits Pakistan, Afghanistan Chinese Foreign Minister visits Pakistan, Afghanistan
- June 27, 2017

In a joint press release on Sunday, Pakistan, China and Afghanistan expressed their commitment to maintain regional peace and stability, enhance regional connectivity and economic cooperation and promote shared security and development . (more...)
Why you should donate blood, and how to go about it Why you should donate blood, and how to go about it
- June 26, 2017

Give blood. Give now. Till the age of 19 to 22, I donated blood only once, but after my uncle's illness and the situation we faced I have been donating blood every six months. The bus will travel across the permanent blood donation camps in the city where IRCS regularly operates. Myth 3: Blood donation hurts . Calgary's about to get another blood clinic during a period of "critical need" for the national donation collection agency. (more...)
1 winning Powerball ticket sold in California worth $447M 1 winning Powerball ticket sold in California worth $447M
- June 25, 2017

This jackpot means that six of the ten largest lottery wins in USA history have occurred since January 2016. The winning ticket had Sun City residents abuzz. The odds now of landing all five numbers plus the Powerball are now 1 in 292 million, or 0.0000003, compared with the previous 1 in 175 million. The cash prize would be $279.1 million. (more...)