Finance

Warren Buffett's Berkshire Hathaway sells all its GE holdings

Warren Buffett's Berkshire Hathaway sells all its GE holdings We'd already known about the additional purchases of Apple (with 0.8 million more shares picked up for an estimated $120 million) and further reductions of IBM (10.5 million shares sold for around $1.7 billion). Flannery was head of GE's healthcare business before being tapped for CEO . Buffett's Berkshire boosted its stake in Bank of New York Mellon to 50.23 million shares, up 52% from th... [Full Article...]

The FTC orders Uber to better protect customer privacy

The FTC orders Uber to better protect customer privacy Regulators said Uber only monitored access to a handful of high-profile users, such as Uber executives. But the commission said it found that the company did not live up to that promise. Uber said it hired its first chief security officer in 2015 and now has hundreds of employees who work to protect consumer information. This system, along with a 2014 data breach that exposed the information of... [Full Article...]

Dollar rebounds above ¥109.70 after hitting four-month low

Dollar rebounds above ¥109.70 after hitting four-month low London's benchmark FTSE 100 index climbed 0.6 percent, while in the eurozone Paris and Frankfurt added more than one percent. "There is a more relaxed attitude being taken towards the Korean situation in markets. The broader Topix gained 1.3 per cent to 1,620.33. The data helped the U.S. dollar touch its highest level against a basket of major currencies in almost three weeks. [Full Article...]

It's Not Just Amazon — Dick's Sporting Goods

It's Not Just Amazon — Dick's Sporting Goods The Company expects to open approximately 43 new DICK'S Sporting Goods stores and relocate approximately seven DICK'S Sporting Goods stores in 2017. Its up 0.12, from 1 in 2016Q3. Concert Wealth Mgmt Inc has invested 0.09% in Aetna Inc (NYSE:AET). Winslow Evans And Crocker stated it has 0% in Brookline Bancorp, Inc. [Full Article...]

Etihad expresses 'disappointment' as Air Berlin files for insolvency

Etihad expresses 'disappointment' as Air Berlin files for insolvency Shares in Air Berlin were down 32 per cent at 53 cent at 3pm Irish time on Tuesday. The loss-making airline, which carries some 80,000 people a day mostly on short-haul destinations, will get a 150 million euro ($177 million) government loan to keep flights running and not leave travelers stranded during the peak summer season. [Full Article...]

USA retail sales post biggest rise in seven months

USA retail sales post biggest rise in seven months In contrast, there was a 1.2% gain in building material sales and a stronger rebound in sales at miscellaneous retailers. Year-over-year core sales increased 3.8%. Consumer spending, which accounts for more than two-thirds of US economic activity, increased at a 2.8 percent annualized rate in the second quarter. [Full Article...]

USA retail sales post biggest rise in seven months

USA retail sales post biggest rise in seven months In contrast, there was a 1.2% gain in building material sales and a stronger rebound in sales at miscellaneous retailers. Year-over-year core sales increased 3.8%. Consumer spending, which accounts for more than two-thirds of US economic activity, increased at a 2.8 percent annualized rate in the second quarter. [Full Article...]

Home Depot's Sales Surge In Q2

Home Depot's Sales Surge In Q2 Zacks Investment Research upgraded shares of Home Depot from a hold rating to a buy rating and set a $169.00 price target for the company in a report on Wednesday, July 12th. SELL rating has been given by 0 analyst (s) and 13 analyst (s) given BUY rating to the stock. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/08/15/home-depot-inc-hd-issues-fy18-... [Full Article...]

Safe-haven currencies rise as North Korea tensions brew

Safe-haven currencies rise as North Korea tensions brew Germany's DAX fared better, trading only 0.2 percent lower at 11,989. In Australia, the S&P/ASX 200 was down 1.13%. Japan markets are closed for the Mountain Day holiday. The franc was not the only beneficiary to the risk-off sentiment sweeping markets. These have ranged from an investigation into Russia's possible interference in the 2016 USA presidential election, to concerns about China's r... [Full Article...]

Israeli police detain billionaire Steinmetz in fraud probe

Israeli police detain billionaire Steinmetz in fraud probe Israeli police on Monday detained Israeli billionaire Beny Steinmetz and four other suspects for questioning in a fraud investigation, a source briefed on the case said. Police said the detainees, who were not identified in the statement, are suspected of having " acted together and methodically with the prime suspect in order to create and present fictitious contracts and deals. [Full Article...]

Abe meets with 4 governors over N Korean missile threat

Kono said that the Abe administration had made empty promises in election campaigns. In August a year ago, Inada - who was then just weeks into her position as defense chief - skipped her annual trip to the site as she was on her way to Djibouti, where the Air and Ground Self-Defense forces have set up a base in their fight against piracy off the Somali coast. [Full Article...]

Gas prices rise to highest level this summer

Gas prices rise to highest level this summer Midland Odessa- $2.18/g, flat from last week's $2.18/g. Compared to seven days ago, gas prices are more expensive in 27 states, cheaper in 12 states and flat in 12 states. "For the fourth straight week gasoline prices have risen, pushing the national average this week to its highest level of the summer so far", said Patrick DeHaan, senior petroleum analyst for GasBuddy . [Full Article...]

Markets Right Now: Stocks slide on Wall Street

Markets Right Now: Stocks slide on Wall Street The Dow is up 34.62 points or 0.2 percent at 21,878.63, the Nasdaq is up 25.62 points or 0.4 percent at 6,242.49 and the S&P 500 is up 4.36 points or 0.2 percent at 2,442.57. Shares of Apple , Amazon and Facebook fell more than 2% Thursday. Traders said hedge funds had cut leveraged bets against the franc, prompted in part by worries about increased US-North Korea tension. [Full Article...]

Google Pays $3 Billion To Keep Apple (AAPL) Relationship

Google Pays $3 Billion To Keep Apple (AAPL) Relationship While the fierce competition is on-going, that doesn't necessarily mean that the two companies don't enjoy the longstanding, mutual benefiting relationship. Google paid Apple $1 billion for the same search engine rights in 2014. Second, and more importantly, Google pays Apple a whole a lot of money for the privilege of being the go-to search engine on mobile Safari. [Full Article...]

Delays on trains in and out of Waterloo

Delays on trains in and out of Waterloo Pictures emerged on social media of a train leaning up against an engineering wagon. London's ambulance service said that it had assessed three people but that nobody was... Network Rail said two people reported minor injuries but "declined medical attention and left the station". "Disruption to services is likely to persist for the remainder of the day". [Full Article...]

China Pressures Traders Not to Buy N. Korean Iron Ore

China Pressures Traders Not to Buy N. Korean Iron Ore USA officials, who spoke on condition of anonymity, bluntly accused China on Saturday of "stealing our intellectual property" - long a concern of Western companies seeking a share of the enormous Chinese market. It was not immediately clear whether he was talking about trade was the subject. Section 301 of the Trade Act of 1974, a popular trade tool in the 1980s that has been rarely used in th... [Full Article...]

VF Corporation to buy Williamson-Dickie Mfg for $820m

VF Corporation to buy Williamson-Dickie Mfg for $820m VF already sells the workwear brands Wrangler RIGGS Workwear, Timberland PRO, Red Kap, Bulwark, and Horace Small. Projections also say that by 2021, Williamson-Dickie will add over a billion additional dollars into VF's revenue. "The acquisition of Williamson-Dickie is another meaningful step that delivers on that commitment and further demonstrates our focus on being an active portfolio manager... [Full Article...]

Uber says appeals one-month Philippine suspension, resuming services

Uber says appeals one-month Philippine suspension, resuming services The Land Transportation Franchising and Regulatory Board (LTFRB) has not given a reason for the decision, which came amid disputes with Uber and Grab that have prompted investigations by Congress. The Philippines on Monday suspended the accreditation and operation of Uber [UBER.UL] for one month, in a decision that followed a government crackdown on unregistered drivers offering app-based ride-ha... [Full Article...]

Create a new india by 2022, says Ram Nath Kovind

Create a new india by 2022, says Ram Nath Kovind Kovind said that is how India has been built-by a partnership between citizen and Government, between individual and society, between a family and the wider community. He said a New India means some obvious parameters - like a house for every family, power on demand, better roads and telecom, a modern railway network, rapid and sustained growth. [Full Article...]

AMD Unveils New Radeon RX Vega GPUs

AMD Unveils New Radeon RX Vega GPUs The new press information has revealed that while AMD's new GPU is able to compete with the current market, it does have its own drawbacks. Considering the large release gap, its underwhelming to find that the Radeon RX Vega only slightly surpasses Nvidia's Pascal cards in most areas. [Full Article...]


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