Economy


Apple to invest $1B in SoftBank's tech fund Apple to invest $1B in SoftBank's tech fund
- January 06, 2017

Although the investment amounts have not been disclosed, Business Insider reported that Apple was considering a US$ 1 billion investment . The money will be invested in emerging technologies like artificial intelligence, deep learning, robotics, and connected devices. (more...)
$6M in Jewelry Allegedly Stolen Blocks From Times Square Ball Drop $6M in Jewelry Allegedly Stolen Blocks From Times Square Ball Drop
- January 04, 2017

While most of Times Square was transfixed by Mariah Carey's super awkward New Year's Eve performance, these three jewel thieves were knocking off a Gregg Ruth to the tune of $6 million in gold and diamond bracelets, earrings, and necklaces from the jewelry store. (more...)
Tree recycling sites to be open through January 31 Tree recycling sites to be open through January 31
- December 29, 2016

Georgia residents are asked to bring their Christmas trees to one of the 300 drop off locations from 9 a.m.to 4 p.m. on Saturday, January 7. On the lot and when they are first displayed in your home, Christmas trees are fresh, green and fragrant, but after a few weeks, live trees dry out and can turn into a fire hazard. (more...)
Case-Shiller index: South Florida home prices rise in October Case-Shiller index: South Florida home prices rise in October
- December 28, 2016

On a non-seasonally adjusted basis, prices increased 0.1 percent from September. Before seasonal adjustment, the month-over-month National Index showed a gain of 0.2%, the 10-City Composite was unchanged and the 20-City Composite posted rose 0.1%. (more...)
Cashless transactions have increased by 200-300%, claims PM Narendra Modi
- December 26, 2016

Today there is curiosity among the people as to how can one go cashless. Besides, there would be a grand draw once every week and three months later, on April 14, on the occasion of Ambedkar Jayanti, a mega bumper draw would be held, with the prize money in crores, Modi said. (more...)
Airbus Signs Aircraft Deal with Iran; Political Uncertainty Remains
- December 26, 2016

The deliveries will begin in early 2017, Airbus announced. Iran Air considers this agreement an important step towards a stronger global presence in civil aviation. The deal to buy 80 new aircraft was made possible by the Iran nuclear deal , which decreased sanctions on the Islamic Republic in exchange for a downgrade to its nuclear programs. (more...)
Browns fend off Chargers in home finale Browns fend off Chargers in home finale
- December 25, 2016

The losing streak is finally over. A Cody Parkey 27-yard field goal extended the Browns' lead to 10, but Rivers found Tyrell Williams from a yard out later in the third quarter to make it 20-17. Facing a first-and-goal from the San Diego eight-yard line, Crowell took a handoff from quarterback Robert Griffin III, rushed around right end and jumped his way across the goal line for his fifth touchdown of the season and first since Week 8. (more...)
Lockheed Bows To Trump, Will Cut F-35 Program Costs Significantly Lockheed Bows To Trump, Will Cut F-35 Program Costs Significantly
- December 25, 2016

Trump has pitted aerospace giants Lockheed Martin and Boeing against each other by suggesting Thursday the F-35 could be replaced with Boeing's F-18 Super Hornet. It is possible a new set of Air Force One planes, which are large enough to carry the commander in chief, his staff and members of the media, were never going to cost that much to begin with. (more...)
The economy grew healthy 3.5% in third quarter
- December 25, 2016

And companies' inventory restocking added 0.49 percentage points to third-quarter growth, after five straight quarters where companies hurt growth by tightening inventories. The move was driven by a hefty revision to output from the business services and finance industries, which was revised up from 0.3% to 0.8% for the third quarter. (more...)
USA mortgage rates spike to reach 2-year high
- December 23, 2016

The average 15-year rate climbed to 3.52 percent, the highest since January 2014, from 3.37 percent, the McLean, Virginia-based mortgage-finance company said. But the coming holidays may slow mortgage rates' ascent. The Market Composite Index, a measure of mortgage loan application volume, decreased 4 percent on a seasonally adjusted basis from one week earlier. (more...)
Futures little changed after Dow, Nasdaq hit records
- December 22, 2016

That helped financial firms. The Swedish crown rose 1.4 percent against the dollar, its biggest one-day gain in six months, to 9.21 crowns after the Riksbank narrowly voted to add to its bond-buying program. Its stock lost $1.93, or 3.1 percent, to $61.14. OIL: Benchmark U.S. crude gained 54 cents, or 1 percent, to $52.66 per barrel in NY. The stock was up slightly in Wednesday morning trade before turning slightly lower. (more...)
Huntington Bancshares Inc. (HBAN) Shares Bought by Canada Pension Plan Investment Board
- December 21, 2016

Bernstein. There were about 1.35B shares outstanding which made its market cap $52.14B. Now the company has earned "Buy" from 4 equity analysts. The company has an Average Rating of 2.46 based on analysts tracked by Thomson Reuters. The ex-dividend date of this dividend is Friday, December 16th. During the crisis that was witnessed by market in 2008, while the securities not paying payout dropped 45%, dividend-paying securities posted an average decline of just 38%. (more...)
Toys for Tots serves more than 800 Mesa County families Toys for Tots serves more than 800 Mesa County families
- December 18, 2016

Volunteers are working hard to sort through donations, making sure every child that's registered will have something waiting for them under the tree. The Salvation Army, which had taken applications this fall for assistance through Toys for Tots, will be sorting and arranging the items on Monday and then parents of the eligible families will be picking up the the gifts on Tuesday. (more...)
British Airways says cabin crew to strike over Christmas British Airways says cabin crew to strike over Christmas
- December 17, 2016

This contrasts the £21,000 a year with bonuses that the standard BA crew are said to make, according to Unite union. Despite the announcement no solid dates have been agreed, with Unite representatives set to meet over the upcoming days to finalise dates for the strike. (more...)
The saga of a single-antlered deer in Harlem just ended tragically The saga of a single-antlered deer in Harlem just ended tragically
- December 17, 2016

The fight between the city and state might seem freaky, but it's nothing new for the Democratic rivals in NY. But the animal died before it could be transported upstate and freed, a city Parks Department rep said. They believe euthanization is the only safe and humane option for the deer, which became a local celebrity when it was first spotted at Jackie Robinson Park . (more...)
Nusli Wadia's Solution To Make Tata Chemicals A Debt Free Company
- December 16, 2016

Foreign investors holding American depositary receipts have the potential to influence the vote at next week's extraordinary general meeting, as they control about 18.5 percent of the carmaker's stock, data compiled by Bloomberg show. Mistry wrote to shareholders expressing gratitude for their support. The board had convened the EGM of equity shareholders of the company "to consider and if thought fit to approve an ordinary resolution proposed by Tata Sons for removal of Cyrus Mistry as ... (more...)
5 held in Delhi with Rs 3.25 crore in scrapped currencies 5 held in Delhi with Rs 3.25 crore in scrapped currencies
- December 15, 2016

New Delhi , In a joint raid by the Delhi Police Crime Branch and the Income Tax Department , five persons have been arrested with Rs 3.25 crore in old currency notes , the city police said on Wednesday. This is not the first time that black money has been recovered by the IT department. The five have been identified as Ansari Abuzar, Fazal Khan, Ansari Affan, Ladu Ram, and Mahavir Singh. (more...)
India's wholesale inflation eases to 3.15% in November (Second Lead)
- December 15, 2016

The inflation of manufactured items was caused by a rapid rise in the prices of basic metal products, chemical products and food products derived from raw materials. Please enter your email. It was widely expected that the prices of key commodities, particularly, food items, would decline in the aftermath of the currency demonetization. (more...)
Rs 33 lakh cash in 2000 rupee notes seized; 5 held Rs 33 lakh cash in 2000 rupee notes seized; 5 held
- December 15, 2016

The exchange limit was later reduced to Rs 2,000 on November 18, while it was discontinued at banks from November 24, on suspicions that certain unscrupulous elements were using the option related to exchange of old notes to legalise unaccounted cash by using the gullible. (more...)
Trump Has Tapped Rick Perry for Energy Secretary
- December 14, 2016

Under the Obama administration, the department was led by Steven Chu, a guy with a Nobel Prize , and Ernest Moniz , a professor from MIT. He ran for president twice, but Rick Perry may be best known for two made-for-TV moments: uttering "oops" when he forgot the Energy Department was one of the agencies he pledged to eliminate and being a contestant on " Dancing with the Stars ". (more...)
Bill Gates to lead $1B clean energy investment fund
- December 14, 2016

Microsoft co-founder Bill Gates has rallied together a team of executives from some of the world's biggest companies in order to pledge a $1bn fund to accelerate the uptake of clean energy technologies. Among the notable investments, Gates has invested independently in Washington-based nuclear energy startup TerraPower , which aims to develop a sustainable and economic nuclear energy technology. (more...)
Waiter Matt Terry thanks fans after winning X Factor 2016
- December 14, 2016

The Thinking Out Loud star wrote this year's winner's single for the ITV champion - who was crowned the victor on Sunday night's epic final - and viewers are rather irked that the singer didn't keep the song for himself. Speaking through tears after he found out he had won, Matt only managed out: "Thank you, thank you, thank you". Runner-up Aalto thanked everyone for their support. (more...)
Traders Alert: General Motors Company (NYSE:GM) Traders Alert: General Motors Company (NYSE:GM)
- December 13, 2016

The projected growth estimate for the next quarter is 9.5 percent. Capital World Investors increased its stake in shares of General Motors by 2.3% in the second quarter. On average, equities research analysts expect that General Motors Co. will post $6.01 earnings per share for the current fiscal year. Firm quarterly performance is 24.41%. (more...)
2 men who gave cash to Brussels terror suspect sentenced 2 men who gave cash to Brussels terror suspect sentenced
- December 13, 2016

Zakaria Boufassil, 26, and Mohammed Ali Ahmed, 27, were jailed today at Kingston Crown Court for preparation of acts of terrorism. Moroccan-born Abrini became known as 'the man in the hat' after being spotted on CCTV in the Belgian capital ahead of the suicide bombings that killed 32 civilians. (more...)
UK steel jobs safe after multinational commits to plants UK steel jobs safe after multinational commits to plants
- December 11, 2016

The new pension proposal forms part of a wider proposal on employment terms, including a £1 billion investment plan to support the steelworks at Port Talbot, as well as commitments to continue blast furnace steel making until 2021, and to seek to avoid any compulsory redundancies for five years. (more...)
Murdoch's 21st Century Fox agrees to buy Europe's Sky Murdoch's 21st Century Fox agrees to buy Europe's Sky
- December 11, 2016

According to Reuters calculations, Fox will pay 11.25 billion pounds for the stake in Sky that it does not already own. The media mogul's son, James Murdoch, was named chairman of Sky this year, fueling speculation that Fox would make a bid. (more...)
Wisconsin recount nears end; Michigan's halted
- December 09, 2016

The recount is more than 70 percent complete in Wisconsin , and Clinton has gained just 82 votes on Trump, who won the state by more than 22,000 votes. Each state must certified election results by December 13. While Stein is the plaintiff in the case, she'll start Friday's hearing on the defensive. (more...)
Why fans hate the 'sexist' new Baywatch trailer Why fans hate the 'sexist' new Baywatch trailer
- December 09, 2016

Also read: Baywatch trailer: In this Dwayne Johnson smash, Priyanka Chopra gets just one unforgettable moment. She exposed her bosoms to the fullest in a deep cut gown and thus gave enough pleasure to her fans. In addition to Rohrbach running like Anderson, Alexandra Daddario's chest is immediately stared at, although villainess Priyanka Chopra has more of hers shown off even while not on the beach. (more...)
Union head defends local leader in Trump spat Union head defends local leader in Trump spat
- December 09, 2016

The union boss stressed that he is "grateful" for the president-elect's intervention to keep some positions in Indiana. Trump advised Jones to "spend more time working" and "less time talking". "We're going to.automate to drive the cost down so that we can continue to be competitive", he said on an interview on CNBC earlier this week. After promising throughout his campaign to stop the manufacturer from sending 2,200 jobs to Mexico, for a moment last week, it seemed that Trump had made a ... (more...)
WikiLeaks' Assange releases statement he gave prosecutors WikiLeaks' Assange releases statement he gave prosecutors
- December 08, 2016

Swedish prosecutors repeatedly insisted on bringing Assange to Sweden for questioning, but in November prosecutor Ingrid Isgren questioned Assange for two days in the Ecuadorean embassy over the allegations. "She said that it was normal in Sweden to go to the police to get advice about STDs and that if I didn't come down to the hospital she would go to the police to ask whether I could be forced to get tested", Assange wrote. (more...)