Finance

British people had trouble figuring out the Irish border on a map

British people had trouble figuring out the Irish border on a map One senior European Union source said the final agreement was unlikely to emerge before the weekend as the Irish push for last-minute concessions before the progress meeting between May and Juncker on Monday. DUP MP Ian Paisley urged the Republic of Ireland to take a more mature approach to Brexit. "I would welcome very much the fact that the United Kingdom has brought forward proposals that... [Full Article...]

New Teva CEO shakes up structure and leadership at troubled drugmaker

New Teva CEO shakes up structure and leadership at troubled drugmaker As part of the restructuring, the commercial business of Teva's generics and specialty drugs will be integrated into one commercial organization, operating through three regions - North America, Europe and Growth Markets. The company plans to share a more detailed restructuring plan in mid-December. Teva's top priority at the moment is to stabilize the company's operating profit and cash flow ... [Full Article...]

Judge Sets First Hearing Date in AT&T-Time Warner Merger Lawsuit

Judge Sets First Hearing Date in AT&T-Time Warner Merger Lawsuit AT&T has proposed a February 20 start date, while the the Justice Department says it should be May 7. "The Government could effectively run out the clock on this merger without ever having to prove its case". A Justice Department spokesperson declined to comment. That will result in higher costs for consumers, according to the lawsuit. CNN is owned by Turner Television, a division of Time Warner. [Full Article...]

American Airlines glitch let all pilots take off for the holidays

American Airlines glitch let all pilots take off for the holidays The computer-system problem will force American to rebuild its staffing schedule, similar to what airlines must do after major weather disruptions, said John Cox, chief executive officer of consultant Safety Operating Systems and a former commercial airline pilot. [Full Article...]

Real GDP Growth Revised up to 3.3% in the Third Quarter

Real GDP Growth Revised up to 3.3% in the Third Quarter On a seasonally adjusted basis, GDP growth moderated to 3.2 percent in the third quarter from 3.6 percent in the second quarter. That second estimate of a total of three by the bureau for the third quarter is based on more data that has come in. [Full Article...]

Digital media company BuzzFeed cutting jobs in US, UK

Digital media company BuzzFeed cutting jobs in US, UK In a memo to employees, BuzzFeed CEO Jonah Peretti said the jobs being cut in the US were only on the business side. BuzzFeed CEO Jonah Peretti told staff in a memo Wednesday that the company needed to move away from being advertising supported only to one with a more diverse revenue model. [Full Article...]

Arby's buys Buffalo Wild Wings for nearly $3 billion

Arby's buys Buffalo Wild Wings for nearly $3 billion Wells Fargo & Co's target price indicates a potential downside of 4.98% from the stock's current price. Buffalo Wild Wings ( NASDAQ BWLD ) traded up $9.20 during trading on Tuesday, hitting $155.60. Finally, Gotham Asset Management LLC purchased a new position in Buffalo Wild Wings during the 2nd quarter worth $5,092,000. The companies put the transaction's value at $2.9 billion, including... [Full Article...]

For Chipotle, The Search For A New CEO Begins

For Chipotle, The Search For A New CEO Begins Steve Ells, Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience. Ells will then become executive chairman. Ells has been the face of Chipotle since opening the first restaurant in Colorado. It will allow me to focus on my strengths, which include bringing innovation to the way we source and prepare our food. [Full Article...]

Uber Q3 loss of $1.5bn

Uber Q3 loss of $1.5bn Uber just released its most recent financial numbers to shareholders, and things aren't looking great, Bloomberg reports . SoftBank said in an emailed statement that at least two of the company's early backers intend to sell. Lyft, meanwhile, is gaining market share. SoftBank Group-led team of investors has confirmed that they have found likely sellers for the tender offer for app-based cab agg... [Full Article...]

London Stock Exchange boss Xavier Rolet to step down 'with immediate effect'

London Stock Exchange boss Xavier Rolet to step down 'with immediate effect' London Stock Exchange Group has asked Children's Investment Fund to withdraw its general meeting requisition in light of the management changes. Mr Rolet had been due to stay on until December 2018 but said he had agreed to leave straight away following "a great deal of unwelcome publicity " and would not be returning to the board or the job "under any circumstances". [Full Article...]

Automation could kill 73 million United States jobs by 2030

Automation could kill 73 million United States jobs by 2030 China was cited as likely having the most to lose in its human employment makeup, with as many as 100 million in danger of losing their jobs if automation takes hold. Those jobs will include health-care providers for aging populations, technology specialists and even gardeners, according to the report. The 160-page report, compiled by the McKinsey Global Institute said machine operators, fast-f... [Full Article...]

Amazon sells record number of devices over holiday weekend

Amazon sells record number of devices over holiday weekend Amazon hasn't released exact sales figures for the holiday weekend, but so far this year's Cyber Monday is estimated to have been the biggest online shopping day in history , according to analysis from Adobe . Amazon App orders on Cyber Monday rose 50% over previous year. And a record $6.59 billion was spent on Cyber Monday, up 16.8 percent. The Echo Dot, which was discounted to $29.99 (us... [Full Article...]

Tiffany's sales, profit top estimates on demand for fashion jewelry

Tiffany's sales, profit top estimates on demand for fashion jewelry QS Investors LLC now owns 1,363 shares of the specialty retailer's stock worth $128,000 after acquiring an additional 103 shares in the last quarter. Tiffany & Co. has a 1 year low of $76.08 and a 1 year high of $97.29. On average, TIF shares have swung 3.6% in the session subsequent to earnings, with the options market pricing in a bigger 8.9% move for tomorrow's trading. [Full Article...]

Uber confirms data breach hit 2.7m United Kingdom customers

Uber confirms data breach hit 2.7m United Kingdom customers John Thune (R-SD), Orrin Hatch (R-UT), Jerry Moran (R-KS) and Bill Cassidy (R-LA), notes that an outside law firm commissioned by Uber's board of directors uncovered the 2015 data breach. Almost 11,000 drivers in the state were affected. "There is no excuse for keeping this information from consumers". Uber now faces at least four lawsuits, including three seeking class-action status, prompted b... [Full Article...]

Tap into opportunities due to IT explosion, President tells Bengal

Tap into opportunities due to IT explosion, President tells Bengal Highlighting J. C Bose's contributions to science like demonstration of wireless transmission of microwaves and fabrication of the first semiconductor device in the world, the President said, "He was also probably the first scientist to study animal-like responses of plants, using instruments crafted by himself". [Full Article...]

Jet Airways strengthens US, Europe schedule with new Air France-KLM deal

Jet Airways strengthens US, Europe schedule with new Air France-KLM deal This agreement will also complement the Air France-KLM and Delta Airlines' Trans-Atlantic partnership between Europe and North America, offering access to over 200 destinations in North America. This is on expected lines, has been discussed and speculated for long, he said. "We will play both these roles", Goyal said. Jet Airways chairman Naresh Goyal said he will speak to the group chairmen... [Full Article...]

You'll soon be able to buy Viagra over the counter

Mick Foy, MHRA's group manager in vigilance and risk management of medicines, said: 'The move to make Viagra Connect more widely accessible will encourage men to seek help within the healthcare system and increase awareness of erectile dysfunction . [Full Article...]

Foot Traffic Analysis Shows Height of Black Friday Retail Bump

Foot Traffic Analysis Shows Height of Black Friday Retail Bump The US holiday shopping season officially opened last week with sales on " Black Friday ", the day after Thanksgiving, and picked up momentum into "Cyber Monday". Adobe reckons that we're looking at around $6.6 billion in new sales today. Thanksgiving Day e-commerce sales totaled $2.87 billion, up 18.3% year-over-year (YoY). [Full Article...]

Analysts' Ratings Review: AK Steel Holding Corp (AKS)

So far this year, the stock had gone up by 13.42%. Boothbay Fund Management LLC bought a new stake in AK Steel Holding during the fourth quarter worth about $123,000. Its EPS was $0.15 while outstanding shares of the company were 314.30M. Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own... [Full Article...]

San Diego home values increase among the highest in the US

San Diego home values increase among the highest in the US The Ten-City Composite annual increase came in at 5.7%, up from 5.2% the previous month. "Rental rates and home prices are climbing, the rent-to-buy ratio remains stable, the average rate on a 30-year mortgage is still under 4 percent, and at a 3.8-month supply, the inventory of homes for sale is still low", he said. [Full Article...]


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