Markets

Intel Gets Boost in $1.26 Billion Fight as Case Sent for Review

Intel Gets Boost in $1.26 Billion Fight as Case Sent for Review The European Union's top court is sending back a case on a record fine against the world's biggest computer chip maker Intel Corp. for "further legal examination". The ECJ said in a statement that the lower court failed to examine whether Intel's rebates to other companies restricted competition. The company allegedly gave rebates to computer manufacturers on condition that they bought all, or nea... [Full Article...]

Justice Department Drops Defense of Obama OT Rule

Justice Department Drops Defense of Obama OT Rule The Obama administration had announced the final rule in May 2016. The DOJ wanted the Fifth Circuit to affirm the Labor Department's general authority to take salary into account for overtime purposes. Just because the DOJ decided not to pursue the pending appeal doesn't mean its lawyers won't appeal Mazzant's latest decision, sources on both sides of the debate told Bloomberg BNA. [Full Article...]

According to Elon Musk, AI can Lead to a World War

According to Elon Musk, AI can Lead to a World War Elon Musk is predicting the cause of the third world war - and no, he's not talking about one sparked by North Korea's nuclear tests. Tech icon Elon Musk responded to Putin's claim Monday morning via suggesting that AI could start World War III. [Full Article...]

Hewlett Packard Enterprise Q3 Income Declines 41%

Hewlett Packard Enterprise Q3 Income Declines 41% Hewlett Packard Enterprise Co (HEWL) has $23.24B valuation. Convergence Inv Ptnrs Limited Liability Company invested 0.29% of its portfolio in Owens Corning (NYSE:OC). The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. Prior to the completion of the transaction, HPE received a $2.5 billion cash payment from Seattle. [Full Article...]

Ethereum is getting smoked after China and South Korea's ICO crackdown

Ethereum is getting smoked after China and South Korea's ICO crackdown The People's Bank of China said it has completed investigations into organizations and individuals who have conducted ICOs , and have ruled that the financing activities disturb financial order and shall be banned. Singapore and Canada followed with similar warnings. In an ICO , companies issue cryptocurrencies in exchange for currencies of a more liquid value such as Bitcoin , in an IPO... [Full Article...]

Lego to cut 1400 jobs as sales and profits fall

Lego to cut 1400 jobs as sales and profits fall Commenting on the financial report, LEGO Group Chairman Jørgen Vig Knudstorp claimed that the company has already taken steps to change the situation for the better. Strong double-digit growth in China during the first half also prompted Knudstorp to point to the region as an area for more potential growth. He said the restructuring will impact costs as it works to clean-up inventories across ... [Full Article...]

NCLT rejects Vikram bakshi's 'contempt' plea — McDonald's franchise issue

NCLT rejects Vikram bakshi's 'contempt' plea — McDonald's franchise issue The National Company Law Tribunal ( NCLT ) on Tuesday dismissed Vikram Bakshi's appeal challenging termination of franchise agreement by McDonald's. NCLT, which on Monday reserved its orders over two contempt pleas filed by Bakshi in his ongoing fight against McDonald's, asked his counsel to seek relief from the National Company Law Appellate Tribunal (NCLAT) where matter is already pending. [Full Article...]

After huge jump, gas prices could start leveling off

After huge jump, gas prices could start leveling off WTI light sweet crude oil was up 54 cents at USD47.84 a barrel. NYMEX gasoline futures were down 3.24 percent at $1.6913 a gallon, levels last seen on August 25, crippling production and causing widespread flooding. Exxon Mobil Corp. began shipping gasoline and diesel in Houston-area pipelines, although its Beaumont, Texas, refinery was too flooded to turn back on. [Full Article...]

Chocolate lovers in for a treat with new hue

Chocolate lovers in for a treat with new hue Because scientists at the Swiss chocolatiers, Barry Callebaut, have just invented a totally new type of creamy goodness - and it's pink. Global chocolate market volumes declined 1.5 percent in 2015 and 0.4 percent a year ago, according to Euromonitor. [Full Article...]

Australia's interest rates remain on hold, current account deficit widens

Australia's interest rates remain on hold, current account deficit widens The Reserve Bank of Australia is expected to leave interest rates unchanged on Tuesday as it waits for the gradual easing of growth in the housing market to play out while hoping for economic growth to pick up. Conditions in the global economy are continuing to improve. The consensus is for a figure of 1.8%, which is low enough to not put any pressure on the bank to tighten financial condition... [Full Article...]

HSBC dumps Bell Pottinger over South Africa 'race hate' campaign

HSBC dumps Bell Pottinger over South Africa 'race hate' campaign A spokeswoman for Carillion said the company is no longer working with Bell Pottinger, though declined to comment on reasons why or precise timing. The PRCA said the Bell Pottinger campaign was "likely to inflame racial discord in South Africa". [Full Article...]

Ryanair cuts cabin baggage allowance to ease delays

Ryanair cuts cabin baggage allowance to ease delays Ryanair has killed their generous carry-on baggage allowance that permitted travelers to board with two free bags, and announced new baggage policies that will take effect in November. Jacobs said this would cost the airline an estimated €50m a year in baggage fees, but added it hoped revenue from priority boarding charges would make up the difference. [Full Article...]

Finance News: Gold Rising On North Korea Fears

Richard Perry at Hantec Markets said: "As the United States returns from Labor Day, market sentiment remains cautious with tensions over North Korea still at the forefront of traders' minds. "We all know she's really dovish.but her comments were pretty explicit regarding inflation". The euro was flat on the day at $1.1910, remaining below a 2-1/2-year high of $1.2070 set last week as investo... [Full Article...]

Fresh North Korea tensions hit Wall Street

Fresh North Korea tensions hit Wall Street Energy companies bucked the broader slide as the price of crude oil headed higher. The Dow Jones Industrial Average ended down 1.1% at 21,753.31, the S&P 500 dropped 0.8% to 2,457.85 and the Nasdaq fell 0.9% to 6,375.57 as traders in the United States got their first chance to react to news of North Korea's hydrogen bomb test over the weekend, as markets were closed for Labor Day on Monday... [Full Article...]

Estee Lauder Companies Inc (NYSE:EL): Stock Sentiment

Following the sale, the director now owns 12,576 shares of the company's stock, valued at approximately $1,205,912.64. Bradley Foster Sargent Inc Ct has 0.45% invested in AbbVie Inc (NYSE:ABBV). August 21 investment analysts at Bank of America left the stock rating at "Buy" and moved up the price target to $119.00 from $105.00. On Tuesday, May 23 MUNOZ GEORGE sold $361,725 worth of Altria Group ... [Full Article...]

New Zealand outlast Solo to book play-off ticket

New Zealand outlast Solo to book play-off ticket Before the steamy heat took its toll on the players in Honiara, New Zealand were up 2-0 with early goals to Myer Bevan and an own goal by Nelson Sale when a shot by Kosta Barbarouses rebounded off his head and into the net. New Zealand skipper Andrew Durante clumsily tackled Micah Lea'alafa, who converted in the 29th minute. "It was a good result for us, because to go 2-0 down to a profession... [Full Article...]

Israel readies multi-year plan to boost infrastructure: Netanyahu

Israel readies multi-year plan to boost infrastructure: Netanyahu Sara Netanyahu continues to deny any wrongdoing. As he mocked Barak's distinctive diction, Netanyahu dismissed the former prime minister's claim that Israel is isolated in the global community, asking: "Where's the [diplomatic] tsunami?" Israel's Channel 2 TV reported on September 2 that she had taken a private lie detector test in a bid to support her statements. [Full Article...]

'Locky' ransomware threat decoded, here's how you can protect yourself

'Locky' ransomware threat decoded, here's how you can protect yourself The VBS file contains a downloader which polls to domain " greatesthits [dot] mygoldmusic [dot] com " (please do not visit this malicious website) to download variants of Locky ransomware , ' CERT wrote in the notification. " Alert regarding spam spreading Locky Ransomware issued today by @IndianCERT...", Electronics and IT Additional Secretary Ajay Kumar tweeted. The CERT alert on Saturda... [Full Article...]

Kingfisher plc (KGF) Stock Price Up 0.3%

Goldman Sachs Group, Inc. Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. 138.10 million shares or 10.09% more from 125.44 million shares in 2016Q3 were reported. Numis Securities maintained the stock with "Hold" rating in Thursday, September 1 report. The rating was maintained by AlphaValue on Thursday, December 24 with "Sell". [Full Article...]

PRCA Expels BellPott for Racist SA Work

PRCA Expels BellPott for Racist SA Work The scandal has already prompted the departure of some clients . The company was reportedly paid £100,000 a month by client Oakbay Capital , the holding company of the powerful Gupta family, which faces allegations of benefiting financially from close links to Zuma. [Full Article...]


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