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Finance

Sempra said it has received financing commitments from RBC Capital Markets and Morgan Stanley, with Sempra expected to hold about 60% of the reorganized company. But Berkshire Hathaway stood firm on its offer, saying last week that it would not be increasing the bid. According to Reuters, the board at Energy Future opted for the Sempra bid after receiving assurances from Sempra officials that its offer for Oncor would received approval from the Public Utility Commission of Texas, as well ...
  • Air Berlin Files for Bankruptcy Following Etihad Airways Pull Out

    Air Berlin Files for Bankruptcy Following Etihad Airways Pull Out

    Finance

    In order to allow Air Berlin to sustain operations, the German government announced it would provide the company with a transitional loan of 150 million euros (about $176 million). Lufthansa and another unidentified airline are "far advanced" with plans for a partial rescue and a deal could be finalised in the coming weeks, Air Berlin and Germany's Economic Ministry said in separate statements.
  • Stocks Close Mostly Lower Amid Geopolitical Concerns

    Stocks Close Mostly Lower Amid Geopolitical Concerns

    Finance

    The Standard & Poor's 500 index fell 8 points, or 0.4 percent, to 2,466 as of 2:45 p.m. The Dow Jones industrial average fell 36.64 points to close at 22,048.70, with Walt Disney contributing the most losses. "I have a feeling that by the end of the week, we'll feel this was just another blip on the radar". Separately, US producer prices unexpectedly fell in July, recording their biggest drop in almost a year, weighed down by declining costs for services and energy products.
  • Wall St opens higher after tepid inflation data

    Wall St opens higher after tepid inflation data

    Finance

    Benchmark 10-year notes US10YT=RR were last up 12/32 in price to yield 2.201 percent, from 2.242 percent late on Wednesday. The euro slid 0.6 percent to 128.92 yen, and fell 0.1 percent against the dollar to $1.1735. Seagate shares rose 74 cents to $32.29. Silver rose 1.7% to $16.70 per ounce. The Hang Seng index ended down 1.1% at 27444.00 points. Crude futures extended losses on fears of slowing demand and lingering concerns over a global oversupply.
  • Tesla semi truck to test self-driving, capable of 'platooning'

    Tesla semi truck to test self-driving, capable of 'platooning'

    Finance

    The Reuters report also mentioned that the semis would be outfitted with autonomous functions, so they could traverse the nation's highways without a driver in the front seat. The truck is expected to be officially revealed in September 2017, however, before that, the company is taking its prototype testing quite seriously.
  • UK Economy Has Dropped Since Brexit

    UK Economy Has Dropped Since Brexit

    Finance

    The BOE's latest forecasts for the economy are based on a smooth Brexit, though Carney said on Thursday that the assumption will be tested. If the BoE wants to prepare markets for policy normalization, this needs to be reflected in the inflation report , which is released along with the rate decision.
  • Bill Ackman Pushing for Board Seats to Control ADP

    Bill Ackman Pushing for Board Seats to Control ADP

    Finance

    While Ackman may be able to score points with criticism of the company's strategy, he may find it hard to challenge Rodriguez given his track record as CEO, some analysts said. Pershing Square's investor return from 2012 through past year, according to ADP , was about 29 percent. Pershing Square took a 9.9% stake in Chipotle previous year.
  • Teva Pharmaceuticals (TEVA) Tanks On Q2 Financials

    Teva Pharmaceuticals (TEVA) Tanks On Q2 Financials

    Finance

    Teva Pharmaceutical Industries Limited makes up about 1.7% of Blue Granite Capital LLC's portfolio, making the stock its 28th largest position. During last 5 trades the stock sticks nearly -5.42%. These analysts have also projected a Low Estimate of $0.92/share and a High Estimate of $1.17/share. Sales, however, increased 13% year over year, mainly due to the inclusion of Actavis revenues.
  • 'Fidgety' Teen Jumps From Plane in SF

    'Fidgety' Teen Jumps From Plane in SF

    Finance

    An airport spokesperson says the passenger, who was a US citizen, was detained by a construction crew working on the airfield and had been taken into custody. The teen was not injured during the incident and his actions did impacted arriving flights at the airport. The teen was tackled by employees on the runaway before he was arrested by police.
  • Dow 22000: Is Today the Day?

    Dow 22000: Is Today the Day?

    Finance

    The company posted its first quarterly profit in nearly three years. It is up 236% since its bear market low of 6547.05, which means a $10,000 investment would be worth $33,600 now. "We anticipate a stronger upgrade cycle in (2018) with the 10-year anniversary iPhone 8, as our surveys indicate strong consumer interest in and anticipation for new iPhones anticipated to launch in September", said Canaccord Genuity analyst Michael Walkley.
  • Why Did Bitcoin 'Fork' Today and What is 'Bitcoin Cash?'

    Why Did Bitcoin 'Fork' Today and What is 'Bitcoin Cash?'

    Finance

    Some digital currency exchange operators- including Coinbase and Bitstamp - have said they won't support bitcoin cash . Bitcoin Cash was slated to launch Tuesday. Bitcoin Cash is not worth the same as bitcoin . So far, exchanges Bitfinex and Kraken have said they will accept Bitcoin Cash . Calin Culianu, who's contributing to Bitcoin Cash , told CoinDesk : "If the Segwit2x agreement fails to implement the 2x part, which is not entirely unreasonable, and only ends up ...
  • Discovery Communications To Buy Scripps Networks (SNI) For $14.6 Billion

    Discovery Communications To Buy Scripps Networks (SNI) For $14.6 Billion

    Finance

    The original version of this report can be read at https://baseballnewssource.com/markets/xact-kapitalforvaltning-ab-has-1-88-million-stake-in-discovery-communications-inc-nasdaqdisca-updated-updated/1194865.html. At almost five times earnings before interest, taxes, depreciation and amortization of approximately $4 billion, that gives Discovery very little room.
  • Mario Draghi was right in keeping inflation expectations low

    Mario Draghi was right in keeping inflation expectations low

    Finance

    The lowest rate was 6.7% in Germany and the highest 45.5% in Greece. Eurozone GDP numbers this morning are expected to show that the economy in the currency bloc expanded 0.6% in the three months to June. "The global economy has been a jumbo jet running on just one engine for the last five, six years, the USA, but now it seems there's more from the euro zone as well, with encouraging signs from Asia too", said James Knightley, chief worldwide economist at ING.
  • Current US economic expansion cycle is the slowest on record

    Current US economic expansion cycle is the slowest on record

    Finance

    U.S. growth rates have the potential of improving from the anemic rates seen in the Hussein Obama recovery, the weakest in the post-World War II period. The US economy grew by 2.6% in the second quarter boosted by consumer spending, according to official data published on Friday (28 July). "The real economy remains in good shape", Andrew Hunter, an economist at Capital Economics, wrote in a report.
  • Oil hits two-month high in strongest week of the year

    Oil hits two-month high in strongest week of the year

    Finance

    Royal Dutch Shell Plc extended its force majeure on exports of Nigeria's Bonny Light crude oil to cover the outage of the Trans Niger pipeline, a statement from the company said on Friday, providing further support to Brent crude . The US West Texas Intermediate also increased and was sold at $48.85 United States dollars a barrel. Short covering in the September contract contributed to the rally in the front-month spread, traders said.
  • VW executive to plead guilty in 'dieselgate' case

    VW executive to plead guilty in 'dieselgate' case

    Finance

    Schmidt is facing 11 separate felony counts, including conspiracy to defraud the United States, with a maximum sentence of 169 years in prison. "A lawyer for Schmidt, David DuMouchel, declined to comment". He's been in custody since January when he was arrested while on vacation in Miami before he could return to Germany. The full terms of his plea bargain are not yet known.
  • Lyft Now Lets You Stop At Taco Bell On The Way

    Lyft Now Lets You Stop At Taco Bell On The Way

    Finance

    Your Lyft ride home from the party just got 100 times tastier. Lyft knows that you might feel hungry at that point in time which is why it has announced a new tie-up today with popular fast food chain Taco Bell . Well , an LRW-Lyft study this June found those coveted millennial customers most often use ridesharing apps during a night out than any other time. You call a Lyft because you're in no shape to drive, obviously.
  • United States to ban citizens from traveling to N Korea: agencies

    United States to ban citizens from traveling to N Korea: agencies

    Finance

    Meanwhile, Koryo Tours, another company, also said they had been informed that ban would be announced on July 27 and would come into effect after 30 days, the BBC reported . It is unclear whether the travel ban would also apply to humanitarian and educational work in North Korea . Speaking to CNN, the two senior USA government officials confirmed that the fresh tests may be conducted within two weeks.
  • Lyft will finally develop its own self-driving cars

    Lyft will finally develop its own self-driving cars

    Finance

    As with other companies that have been publicly testing self-driving cars, Lyft riders who participate in the program will be accompanied by test drivers sitting in the front seats of the vehicles. A rendering of the Palo Alto laboratory that Lyft's new self-driving division will soon call home. For both Uber and Lyft, self-driving cars are a frontier crucial to their success.
  • BHP Billiton plc (BLT) Stock Rating Lowered by HSBC Holdings plc

    BHP Billiton plc (BLT) Stock Rating Lowered by HSBC Holdings plc

    Finance

    It has outperformed by 7.91% the S&P500. 11/06/2015 - Weir Group Plc had its " rating reiterated by analysts at Citigroup. Therefore 78% are positive. The company has market cap of $13.15 billion. It operates through two segments: Broadcast & Online and ITV Studios. It has a 16.94 P/E ratio. About 113,529 shares traded.
  • Team India Bowling Coach Bharat Arun: Profile

    Team India Bowling Coach Bharat Arun: Profile

    Finance

    People like Shastri and Kumble come and go. As the team embarks on new journeys after the disappointment of the Champions Trophy, its destiny is in its own hands as the choice of coaching personnel is that of the captain and head coach. I don't come with any baggage. "I did not know about the conditions of Kumble's contract that it was one year". "The credit should go to everyone who has participated in this team over the last 3 years".
  • Kirk Cousins: Needed more time to make long-term decision with team

    Kirk Cousins: Needed more time to make long-term decision with team

    Finance

    Washington still could make a last-minute push to try to get a deal done by the Monday deadline; however, Cousins fully intends to play this season under his franchise tag, worth $23.9 million in 2017. The Redskins then could still have tagged him but also engaged in legitimate trade talks - just to see what's out there. Cousins bet on himself last season then came up aces, rewriting franchise passing records.
  • Dow opens lower on DC gridlock, Goldman Sachs shares fall

    Dow opens lower on DC gridlock, Goldman Sachs shares fall

    Finance

    USA market is keeping a close eye on the quarterly earnings given the stock market's latest record run. The S&P health sector fell 0.3 percent while utilities gained 0.4 percent and the consumer discretionary sector rose 0.26 percent. Seven of the 11 major S&P 500 sectors were lower, with the financial index's 0.61 percent fall leading the decliners. The S&P healthcare sector was under pressure, falling 0.52 percent, after the healthcare Bill to replace Obamacare sank in the Senate, as ...
  • Private Lenders Struggle to Prove Ownership of Student Loans in Court

    Private Lenders Struggle to Prove Ownership of Student Loans in Court

    Finance

    Those loans add up to $12 billion, and more than $5 billion is in default, court records state. National College Student Loan Trusts is an umbrella name for 15 trusts that hold a combined total of 800,000 private student loans. A 2015 audit of the company, organized by one of the financiers behind National Collegiate's trusts, looked at almost 400 random loans owned by National Collegiate, and found that none had the proper paperwork documenting the chain of ownership.
  • Blue Apron shares tumble after Amazon files for meal-kit trademark

    Blue Apron shares tumble after Amazon files for meal-kit trademark

    Finance

    Finally listing at a final share price of $10, the company's stock hit $6.51 today and has seen its price shed a third of its value in just a couple weeks. Amazon didn't immediately respond to a request for comment. Online grocery shopping still accounts for just about 7% of all grocery orders, although observers expect adoption in the U.S.to increase dramatically: Nielsen expects that share to rise to 20% by 2025.