Markets

Verizon Renegotiating Yahoo Deal, Seeks $250M Discount

One of those reasons is the fact that Yahoo failed to disclose the two, massive hacks (both by the same party) that exposed the credentials of millions of Yahoo customers during deal negotiations. Verizon hopes that its new acquisition will help it move outside its traditional telecommunications role and into the mobile media and advertising world, while Yahoo simply seems eager for some relief fr... [Full Article...]

China January exports rise 7.9 percent, beating forecasts

China January exports rise 7.9 percent, beating forecasts Imports also exceeded expectations, rising 16.7 percent year-on-year to $131.4 billion, while the trade surplus climbed to $51.3 billion, beating estimates by more than $2 billion. The Lunar New Year period in 2017 began in late January. But the country was still a net exporter for the month. "China's growth rates turn out to be much lower than import [growth] in the last six months". [Full Article...]

OPEC's oil market statistics may support bunker prices next week, expert says

OPEC's oil market statistics may support bunker prices next week, expert says But it also repeated its forecast that overall non-OPEC production is likely to increase by almost 400,000 b/d this year, compared with an 800,000 b/d decrease last year, thanks to a revival in USA shale output and longer term investment in Brazil and Canada. [Full Article...]

Singapore Airlines places $13bn Boeing order for twin-aisle jetliners

In a statement released Thursday, the airline said the contract calls for options for six more of each aircraft. SIA is the 787-10 launch customer. It joins the baseline 787-8 which entered revenue service in 2011 and the 787-9, which entered service in 2015. Boeing also must sell more 787s so it can proceed with plans to raise production to 14 planes a month from 12 in the next few years, th... [Full Article...]

Trump, in visit to US Central Command, talks travel ban, 'fake news'

Trump, in visit to US Central Command, talks travel ban, 'fake news' White House spokesman Sean Spicer later clarified that the president believes terrorist attacks are "underreported" - not "unreported" - by the media. Yet, beyond it's clear racist intent, maybe the strangest thing about Trump's fact-free accusation of bias in terrorism coverage is that, in fact, American media spend far too much time focusing on terrorism. [Full Article...]

Twenty-First Century Fox Inc (NASDAQ:FOXA), Hecla Mining Company (NYSE:HL)

The sell-side analysts are projecting earnings per share of $-0.28 for the next fiscal quarter. (NASDAQ:FOXA) shares are now -1.73% off of their 52-week high and 39.50% off from the 52-week low point. Let us check out how WSJ analysts have ranked FOX for quarterly and monthly. The Rupert Murdoch-controlled company's total revenue increased 4.2 percent to $7.68 billion. [Full Article...]

Orange County Businesses Reopen Following Water Emergency

Orange County Businesses Reopen Following Water Emergency All Orange Water and Sewer Authority operations were back to normal Sunday, OWASA said in an update. Bridger also said hotels and restaurants can re-open. The Orange Water and Sewer Authority had been getting water from the City of Durham after a flouride problem forced it to shut down the Jones Ferry Road Water Treatment Plant. [Full Article...]

Veterans Vow to Stop Dakota Access Pipeline: 'Not On Our Watch'

The new president has always been a supporter of the Dakota Access and for a time owned stake in Energy Transfer Partner, the company building the pipeline, which donated generously to Trump's election campaign. In his statement , Hoeven said various agencies are working to bring in more "federal law enforcement resources to support state and local law enforcement". [Full Article...]

India's Manufacturing Activity Returns To Modest Growth In January

Any measure above 50 indicates an expansion in activity in the manufacturing sector. Individually, there were slower increases in output, new orders and employment. It adds that a number of clients experienced an increase in orders from the United Kingdom - despite the weakening of sterling values. The news report quoted Amy Brownbill, an economist at IHS Markit, which compiles the survey that... [Full Article...]

Volkswagen Group Tops Toyota as World's Largest Car Maker

The Volkswagen Group portfolio - which includes Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Porsche, Skoda, Audi, Seat and MAN and Scania trucks - recorded overall sales of 10.31 million previous year, representing an increase of 3.8 per cent over its 2015 total of 9.93 million sales. [Full Article...]

Deflecting Blame, Trump Hits Emotional Schumer for Airport Chaos

Deflecting Blame, Trump Hits Emotional Schumer for Airport Chaos Despite major outrage, Donald Trump is defending his immigration ban, blaming craziness at airports over the weekend on Delta airlines and protestors rather than his terrifying policy. Green card holders and permanent US residents, however, were among the many detained at airports across the country. "I think ultimately this ban will be struck down by the courts, but we need to put legislation o... [Full Article...]

Mexican official: We could leave NAFTA 'if there are no clear benefits'

Mexican official: We could leave NAFTA 'if there are no clear benefits' Trump has repeatedly called for better trade deals with other countries, accusing the existing system of hurting domestic jobs by incentivizing companies to outsource for cheaper labor. "Every time a T-shirt is made in Mexico, if it's produced for a couple of dollars cheaper than it were produced in the United States , that's a number of T-shirts for every American", Sarbaum explained. [Full Article...]

Rio Tinto sells Australian coal unit to China's Yancoal for $3.2b

Rio Tinto sells Australian coal unit to China's Yancoal for $3.2b Yancoal will also make an offer to Mitsubishi Development Pty, which owns a 32.4% stake in the Hunter Valley coal assets, according to the statement Tuesday. News of the sale triggered a surge in Rio shares in London trading, which were ahead more than 3 per cent by mid-morning. "The transaction represents a significant expansion of Yancoal's operational portfolio, providing Yancoal shareholders... [Full Article...]

China's economy has weakest year since 1990

China's economy has weakest year since 1990 China's economy grew at 6 .7% in 2016 - the slowest in 26 years - but managing to stay within the growth bandwidth promised by the government last year, official data showed on Friday. Investment: Urban investment rose by 8.1 per cent in 2016 ( forecast 8.3 per cent), below the 8.3 per cent growth recorded in the 11 months to November. [Full Article...]

Monte Carlo Rally stage canceled after fatal roll

Monte Carlo Rally stage canceled after fatal roll Elsewhere, Hayden Paddon has been retired from the rally as a mark of respect to the spectator who died following his accident on SS1, while DMACK Ford's Elfyn Evans is down in ninth after losing 5mins with an off on SS3 at the same point Ogier went off. [Full Article...]

On Saturday, women will march in Las Vegas, too

On Saturday, women will march in Las Vegas, too For those who can not join the march in Washington, hundreds of sister marches are planned. The Women's March on Homer is one of more than 200 marches happening nationally and internationally and one of 10 events happening statewide. "It's important to use your voice instead of just sitting back and complaining", she said. "I have many friends and colleagues who absolutely will be marching in ... [Full Article...]

U.S. crude oil stocks rise as refinery activity slumps

U.S. crude oil stocks rise as refinery activity slumps Crude futures gained traction on Friday, driven by a weaker US dollar and signs of the market tightening after major oil producers agreed to cut output. Last year, oil production per rig jumped as much as 39% in the Bakken shale formation, 41% in the Permian Basin, and 26% in Eagle Ford, according to IEA's latest monthly report. [Full Article...]

Kinder Morgan Inc(NYSE: KMI) misses to meet bottomline estimates

Kinder Morgan Inc(NYSE: KMI) misses to meet bottomline estimates This is down from the revenue of $3.64 billion that it reported during the same time past year. Now the stock price is moving -3.36% off from the highest level of twelve months and +106.02% above from twelve months low. Jefferies Group also issued estimates for Kinder Morgan's Q4 2016 earnings at $0.17 EPS and FY2017 earnings at $0.65 EPS. What happened with Kinder Morgan this quarter? . [Full Article...]

Microsoft tells enterprises that Windows 7 isn't fit for goal

Microsoft tells enterprises that Windows 7 isn't fit for goal However that really isn't good enough for businesses and enterprises which value modern technology and security, says Markus Nitschke, head of Windows at Microsoft Germany, in a new Microsoft TechNet blog post (German). The new version of Windows 10 brings a few pros. The wait will pay off, however, as many of these features will both improve gameplay itself as well as make it easier to fi... [Full Article...]

This country downloaded and used the most Android apps in 2016

If one includes revenues generated through in-app advertising, third-party Android stores and app store revenue, then publishers have made over $89 billion in revenue. According to 9to5mac, Apple has sent a letter out to developers which states that apps which once cost £0.79 will now cost £0.99 and the cheapest app on the app store will now be £0.49. [Full Article...]


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