Money

China's ZTE says main business operations cease due to US ban

China's ZTE says main business operations cease due to US ban The Shenzhen-based company disclosed in a regulatory filing Wednesday that "major operating activities of the Company have ceased". The announcement comes less than a month after the United States banned American firms from selling hardware and software to ZTE for seven years, effectively cutting off the company's supply chain. [Full Article...]

Warren Buffett on Bitcoin: 'It's Probably Rat Poison Squared'

Warren Buffett on Bitcoin: 'It's Probably Rat Poison Squared' Microsoft co-founder Bill Gates , meanwhile, kicked off the week by telling CNBC that he was also sceptical about Bitcoin . I agree I would short it if there was an easy way to do it . Warren Buffett is not in favor of investing in bitcoin and isn't holding his thoughts back. Winklevoss along with also his brother Cameron had $1 1 million in bitcoin at $120 a coin in April 2013 . [Full Article...]

Ashurst joins legal line-up as Japan's Takeda seals £46bn takeover of Shire

Ashurst joins legal line-up as Japan's Takeda seals £46bn takeover of Shire Shire shareholders will also receive 0.839 new Takeda shares or 1.678 Takeda American Depository Shares, shares of a foreign-based company that can be purchased on a USA stock exchange. The deal values Shire at £46 billion ($62.1 billion), excluding debt, according to the companies. The deal is by far the largest acquisition of a foreign firm by a Japanese company, dwarfing SoftBank Group's... [Full Article...]

Gas Prices still remain high in Lima region

Gas Prices still remain high in Lima region States with the highest average gasoline prices: California ($3.62), Hawaii ($3.59), Washington ($3.29), Alaska ($3.25), Nevada ($3.24), OR ($3.18), Utah ($3.11), Idaho ($3.07), Pennsylvania ($3.01) and CT ($2.99). The highest average price was in the Ann Arbor area for the second straight week, where it was about $2.91 per gallon. Additionally, CNN reports, also concerns which President donal... [Full Article...]

IQE plc (LON:IQE) Ratings Summary on May 5, 2018

Melvin Mngmt Lp has invested 0.03% in Greencore Group plc (LON:GNC). Janney Montgomery Scott Limited Liability Company invested in 34,402 shs or 0.03% of the stock. Liberum Capital maintained The Unite Group plc (LON:UTG) rating on Tuesday, March 6. The company rating was downgraded by Liberum Capital on Monday, April 23. [Full Article...]

Buffett's firm buys 75 million more Apple shares in 1Q

Buffett's firm buys 75 million more Apple shares in 1Q The big bet of Warren Buffett on Apple has just got more bigger in comparison. Visit MarketWatch.com for more information on this news. At that point in time, no one bothered to question how many BlackBerry devices the company would sell in any one given quarter. [Full Article...]

HSBC, Europe's largest bank, announces a 4% fall in pre-tax profit

HSBC, Europe's largest bank, announces a 4% fall in pre-tax profit Operating expenses rose to $9.4bn while revenue increased 6% year-on-year from $12.9bn to $13.7bn. Mr Flint said the 8 per cent rise in underlying quarterly costs reflected investments in its Chinese and United Kingdom retail banking operations, its Chinese securities joint venture and digital improvements across the group. [Full Article...]

Analysts admit missing on iPhone shipment estimates

Analysts admit missing on iPhone shipment estimates Tim Cook , the CEO of Apple said that the demand for iPhone X was phenomenal in March quarter. The iPhone continues to account for the bulk of Apple's revenues at just over 62% of the total. Reportedly, Cook also assured that the company is in plans to bring all of its different initiatives "from retail and everything else" to leverage the market potential in India. [Full Article...]

Real Madrid 2-1 Leganes: 5 Talking Points

Real Madrid 2-1 Leganes: 5 Talking Points It might not have been the most dramatic bicycle-kick in the business but Bale nevertheless managed to acrobatically turn the ball into the net with just four minutes on the clock after Karim Benzema's initial effort had fallen helpfully into his path. [Full Article...]

Axis Bank posts net loss for Q4FY18

Axis Bank posts net loss for Q4FY18 This was largely due to muted interest income in Q4FY18 at Rs. 11,771 crore and Rs. 11,168 crore in Q4FY17. Axis Bank , the third largest private lender, reported a loss of Rs 2,188.7 crore in the fourth quarter ending March 31 2018, its first quarterly loss since its listing in 1998 on the back of a sharp rise in non-performing assets of Rs 34,248 crore. [Full Article...]

Tom Brokaw Slams Sexual Misconduct Claims as "Sensational"

Tom Brokaw Slams Sexual Misconduct Claims as She couldn't pick up the phone and say, 'I'd like to talk. It comes as former " Today " host Ann Curry said that she reported Lauer's conduct to NBC executives in 2012. Lauer was subsequently accused of sexual harassment by multiple women, according to accounts given late past year to Variety and to the New York Times. [Full Article...]

Ford US to become an SUV-only brand, retains Mustang

Ford on Wednesday promised to raise its operating profit margin from 5.2 percent to 8 percent by 2020, two years earlier than a previous forecast. They don't, however, love actual cars like hatchbacks and sedans -as Ford has learned. Trucks and SUVs have always been the brand's strengths. "Everything will be on the table" to fix the company, CFO Bob Shanks told reporters Wednesday at the c... [Full Article...]

Facebook reports profit surge, user growth despite scandals

Facebook reports profit surge, user growth despite scandals Schroepfer said that while he was giving evidence, "we'll likely be blocking hundreds of thousands of attempts by people from around the world trying to create accounts with automated systems". Schroepfer said he had met the information commissioner this week, and that the company had provided information to the Electoral Commission. Labour's Jo Stevens, who was interested in the nondisclosure a... [Full Article...]

Sensex ends 165 points higher; Nifty settles at 10614

Sensex ends 165 points higher; Nifty settles at 10614 The wider Nifty50 of the National Stock Exchange (NSE) rose by 34.05 points or 0.32 per cent to provisionally close (at 3.30 p.m.) at 10,618.75 points. Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 69, or 0.22 percent, to Rs 31,363 per ten grams in 223 lots. The market breadth was narrow as 1391 shares advanced against a decline of 1290 shares, while 165 share... [Full Article...]

Delhi-bound Air India flight experiences turbulence, 3 injured

Delhi-bound Air India flight experiences turbulence, 3 injured At least three people are understood to have been treated in hospital for minor injuries. With the recent spate of airline incidents around the world, passengers' confidence in air travel is... Here's how three passengers got hit in Air India turbulence. "The person suffered injuries". The reason behind window panel off was due to severe turbulence the airline faced. [Full Article...]

Miami police use stun gun on man accused of touching female passenger

Miami police use stun gun on man accused of touching female passenger Passengers can be seen clapping and cheering as Garcia is escorted through the airport. Police repeatedly used a stun gun as they struggled to remove an American Airlines passenger accused of touching a female passenger without her permission. [Full Article...]

Are Analysts Bearish Synthomer plc (LON:SYNT) After Last Week?

Carmignac Gestion has invested 0.12% in AA plc (LON:AA). Suntrust Robinson initiated the shares of NOMD in report on Wednesday, April 5 with "Buy" rating. On Thursday, April 19 the rating was maintained by Peel Hunt with "Add". On Monday, October 30 the firm earned "Overweight" rating by JP Morgan. JPMorgan Chase increased their price objective on Glencore from GBX 450 ($6.44) to GBX 470 ($6.73) a... [Full Article...]

Jabari Parker vows to be 'better person' and teammate going forward

Jabari Parker vows to be 'better person' and teammate going forward I deserved to be out there, I earned it. I've been waiting. And to see that time get cut short - nobody is going to handle that the right way. I'm human, I was wrong. "For me he is like my little brother", Antetokounmpo said. Pretty much a one-dimensional player, he needs to actually be scoring to make an impact. [Full Article...]

Sensex up 80 points; Mindtree, Vedanta stocks gain

Sensex up 80 points; Mindtree, Vedanta stocks gain Gains across broader Asian stock markets also boosted sentiment, with MSCI's index of Asia-Pacific shares outside Japan up 0.5 percent. The BSE Sensex ended higher by 95.61 points, or 0.28 per cent to 34,427.29. Information technology stocks bounced back from recent losses with the NSE IT index rising 1.14 percent. Meanwhile, foreign institutional investors sold scrips worth Rs 915.71 cror... [Full Article...]

NTSB: Blown Southwest jet engine showed 'metal fatigue'

NTSB: Blown Southwest jet engine showed 'metal fatigue' Riordan was rushed off the plane with critical injuries, but later died. Southwest Airlines Flight 1380 suffered a major engine failure after a shrapnel had pierced the plane's fuselage, causing a window to blow out and the cabin to depressurize. [Full Article...]


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