Finance

Ashley tells £15m claim court: I like to get drunk

Ashley tells £15m claim court: I like to get drunk But he said he had been asked by Blue to make it a "fun night" and started drinking quickly. "I like to get drunk, I'm a power drinker". "I can't remember the detail of these conversations but I do remember that we had a lot of drinks and a lot of banter". [Full Article...]

Mortgage Rates Make Biggest Weekly Jump Since March

Mortgage Rates Make Biggest Weekly Jump Since March Shorter term, popular 15 year FRMs can be had for 3.25% today yielding an April of 3.395%. A year ago at this time, the 15-year FRM averaged 2.74 percent. "Global interest rates turned up sharply over the last week", said Sean Becketti, chief economist at Freddie Mac. 10 year loan interest rates are published at 3.250% today carrying an April of 3.456%. [Full Article...]

Tour de France: Emotional Kittel claims stage six win

Tour de France: Emotional Kittel claims stage six win The Quick-Step Floors rider, who also won the second stage, crossed the line in front of Frenchman Arnaud Demare and fierce rival Andre Greipel. Race leader Chris Froome finished safely in the pack after a relatively stress-free first day in the yellow jersey, with the only threat that came his way being a runaway parasol midway through the stage. [Full Article...]

Uber Tipping Goes Live in NYC

Uber Tipping Goes Live in NYC The move introduces a feature which had hitherto distinguished the service from cabs. If you had a really good Uber experience, you can now reward your driver with a monetary tip. So far, reaction from riders has been mixed. The company says tipping is being launched today in a number of cities in Ontario and Alberta and will be available in every USA and Canadian city by the end of July 2017. [Full Article...]

SE Asia stocks gain ahead of Fed minutes

It also published a plan for paring its massive holdings of Treasurys and mortgage-backed securities, which it accumulated after the financial crisis to reduce borrowing costs for businesses and consumers. "That said, in Intermoney we believe that the fact the expansive cycle is drying up , coupled with the possibility that excessive monetary generosity ends up creating financial stability, wil... [Full Article...]

Qualcomm wants a court to block iPhone imports, sales

Qualcomm wants a court to block iPhone imports, sales The iPhone is under attack, with Qualcomm demanding that Apple be blocked from bringing the best-selling smartphone into the United States while a patent battle is waged. "Apple continues to use Qualcomm's technology while refusing to pay for it", says Qualcomm executive VP and general counsel Don Rosenberg. "Qualcomm's inventions are at the heart of every iPhone and extend well beyond modem tec... [Full Article...]

United States private hiring slows in June, weekly jobless claims rise

United States private hiring slows in June, weekly jobless claims rise In addition to reflecting a tightening labor market, slower hiring "may also be a sign businesses are holding off on expansion plans until they see more evidence the new administration's plans are translating into legislation that will reduce taxes and spur growth", writes Patricia Laya at Bloomberg . [Full Article...]

Analysts See $0.39 EPS for Barrick Gold Corp (ABX)

Analysts See $0.39 EPS for Barrick Gold Corp (ABX) It has outperformed by 441.54% the S&P500. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. They expect $-0.37 earnings per share, up 19.57% or $0.09 from last year's $-0.46 per share. Barrick Gold Corp now has a yearly EPS of 1.21. Investors sentiment decreased to 1.08 in Q4 2016. [Full Article...]

USD Weakens as ADP Employment Report Disappoints

USD Weakens as ADP Employment Report Disappoints Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 185,000 jobs. The euro, meanwhile, rose 0.3 percent to $1.1392, from $1.1379 before the ADP report. But ADP's record in "predicting" the government's report is spotty. He pointed out that's about double the rate of job growth necessary to absorb the growth in the working age population, and he exp... [Full Article...]

Microsoft to cut as many as 3000 jobs

Microsoft to cut as many as 3000 jobs Microsoft's fiscal year ended on June 30 , and big changes and layoff announcements have traditionally come around this time, tied to the company's move into a new fiscal year, which started on July 1. The restructuring largely affects the software giant's sales operations outside the U.S. under chief marketing officer Chris Capossela, executive vice presidents Judson Althoff and Jean-Philippe... [Full Article...]

GST should've been delayed by 2 months: Chidambaram

GST should've been delayed by 2 months: Chidambaram The Vajpayee government constituted a task force which in 2003 submitted a report saying central and state levies should be merged or unified into a Goods and Services Tax (GST), he said at a public rally on the new tax regime. The Congress leader said the central government should have engaged leaders of political parties in opposition to forge a consensus on three rates but it failed to do so. [Full Article...]

The Financial Survey: Hatteras Financial Corp. (HTS) versus Monogram Residential Trust

The Financial Survey: Hatteras Financial Corp. (HTS) versus Monogram Residential Trust Finally, Zacks Investment Research lowered shares of Monogram Residential Trust from a hold rating to a sell rating in a research report on Thursday, May 11th. giving the company a "buy" rating. The company had revenue of $73.34 million during the quarter, compared to the consensus estimate of $50.96 million. [Full Article...]

Shopping Spree: QVC, HSN Will Merge Under John Malone

Shopping Spree: QVC, HSN Will Merge Under John Malone Hedge funds and other institutional investors have recently modified their holdings of the company. Regentatlantic Capital LLC acquired a new position in Liberty Interactive Corporation during the first quarter worth approximately $1,244,000. [Full Article...]

Dubai Airports 'working' to meet new United States security directives

Dubai Airports 'working' to meet new United States security directives At one point the US considered expanding the ban on laptops and other devices larger than a cell phone to flights originating in Europe, but after consultation with the International Air Transport Association (IATA) and other "stakeholders", it reached a compromise that took the form of the enhanced screening measures. [Full Article...]

EPA Will Likely Propose Reduced Biofuel Standards in 2018

EPA Will Likely Propose Reduced Biofuel Standards in 2018 The proposal is "consistent with market realities focused on actual production and consumer demand while being cognizant of the challenges that exist in bringing advanced biofuels into the marketplace", Pruitt said in a statement. API has called for congressional reform of the Renewable Fuel Standard (RFS) because the primary goals of the RFS have been achieved, not by ethanol mandates, but also m... [Full Article...]

True Religion Sheds $350M In Debt With Bankruptcy Filing

True Religion Sheds $350M In Debt With Bankruptcy Filing The Los Angeles company, which is owned by TowerBrook Capital Partners , said Wednesday that its reorganization will trim its debt by more than $350 million. Once True Religion's plan is confirmed and it achieves the desired deleveraging of its balance sheet under the plan, True Religion will have sufficient "exit" funding, also provided by Citizens Bank N.A., in addition to its ongoing cash flow... [Full Article...]

Canada trade data shows economic strength ahead of rate decision

Canada trade data shows economic strength ahead of rate decision Total exports were $192.03 billion in May, the strongest month for overseas sales since April 2015. Led by autos, exports hit the highest level in more than two years. President Donald Trump campaigned for the White House on skepticism about current US trade agreements. Those are the biggest trading partner of the U.S. [Full Article...]

Magnitude 6.5 quake hits Leyte; 10 injured

Magnitude 6.5 quake hits Leyte; 10 injured According to initial estimates from the USGS, the quake struck at 4:03 p.m. local time, at a depth of 6.5 kilometers. "There's an ongoing rescue", he told dzMM radio. Phivolcs said the natural disaster was tectonic, which is caused by ground shaking primarily due to the sudden movement in the earth's plates. Huge tsunami-like waves devastated the city of Tacloban and nearby areas, leaving 7,350 ... [Full Article...]

United apologizes after giving away toddler's purchased seat

United apologizes after giving away toddler's purchased seat The American Federal Aviation Administration in its special regulations and advisories for passengers says, "The safest place for your child on an airplane is in a government-approved child safety restraint system (CRS) or device, not on your lap?" Flights home for an adjusted ticket price would be additional expenses on top of the $969 ticket that her son did not use. [Full Article...]

Qatar Airways hopes to start scooping up American Airlines shares soon

Qatar Airways hopes to start scooping up American Airlines shares soon Department of Homeland Security's new security guidelines", the airline said in a statement, referring to the airport in Doha, the capital of Qatar. On April 19, Dubai-based airline, Emirates , said it would decrease flights to five from its 12 US destinations starting May 1 due to weakened demand. [Full Article...]


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