Economy

Jack White Unveils 'Connected By Love' Video

Jack White Unveils 'Connected By Love' Video Sources have argued that the best way to describe the iconic single is if you were to remove the synth and replace it with piano chords, it wouldn't sound much different from The White Stripes song, "I'm Lonely (But I Aint That Lonely Yet)". [Full Article...]

Customers win with $1000 rebates in SCANA buyout, Virginia utility says

Customers win with $1000 rebates in SCANA buyout, Virginia utility says SCANA Corporation agreed to merge with Dominion Energy in a stock-for-stock deal, with SCANA investors receiving 0.669 shares of Dominion stock for every share of SCANA stock they own. SCANA Corporation will continue to operate out of its current headquarters in SC after the deal closes. " SCANA is a natural fit for Dominion Energy ", Dominion's chairman, president and CEO, Thomas F. [Full Article...]

How Many Admiral Group plc (LON:ADM)'s Analysts Are Bearish?

The firm has "Buy" rating given on Monday, June 26 by Roth Capital. The firm earned "Buy" rating on Thursday, October 5 by Stifel Nicolaus. On Friday, September 4 the stock rating was maintained by Numis Securities with "Hold". Next Financial Grp Inc invested in 0.03% or 2,261 shares. Roundview Limited Liability Co, a New Jersey-based fund reported 7,747 shares. Ameritas Inv Prtnrs stated it has 1... [Full Article...]

IndusInd Bank net rises 25%, vehicle finance to see 'boom'

IndusInd Bank net rises 25%, vehicle finance to see 'boom' As a percentage of total loans, gross NPAs stood at 1.16% as compared to 1.08% in the previous quarter and 0.94% in the year-ago quarter. The bank had recorded a net profit of Rs 750.64 crore in the October-December quarter of last fiscal. [Full Article...]

Amazon shares rise, Prime deliveries top 5 Billion in 2017

Amazon shares rise, Prime deliveries top 5 Billion in 2017 The company in October even allowed college kids to subscribe to Prime on a month-to-month basis. Within the announcement, entitled Best of Prime 2017, Amazon unveiled a range of feats that the company achieved in 2017, including record shipping levels and the expansion of its product range to more than 100mn items within the US. [Full Article...]

Pot of gold? Marijuana now legal in California

Pot of gold? Marijuana now legal in California Meanwhile, the cities of Fresno, Bakersfield and Riverside have adopted laws that outright forbid the sale of recreational marijuana . Vallejo has long-since allowed the sale of medical marijuana . The system that launched Monday is drawing criticism from the industry for its heavy taxes and perceived advantages granted to large corporate farms. [Full Article...]

Wells Fargo Q4 Profit Rises, Beats View; But Revenues Miss

The stock has a market cap of $310,510.00, a price-to-earnings ratio of 16.28, a PEG ratio of 1.72 and a beta of 0.96. Solar Capital Ltd. (NASDAQ:SLRC) has risen 18.52% since January 11, 2017 and is uptrending. The stock has "Outperform" rating by Credit Suisse on Friday, March 24. RBC Capital Markets maintained it with "Buy" rating and $6000 target in Thursday, June 22 report. [Full Article...]

Retail inflation rises to 17-month high of 5.21% in December

Retail inflation rises to 17-month high of 5.21% in December Friday, the U.S. Consumer Price Index rose 0.1% in December, after increasing 0.4% in November, the U.S. Labor Department said. Analysts polled by Reuters had predicted December's consumer inflation rate would climb to 5.10 percent, the highest since July 2016, from 4.88 percent in November. [Full Article...]

Power Being Restored At CES After Outage

A number of power outages were reported Wednesday at the Las Vegas Convention Center, where CES-the world's largest annual showcase of tech and gadgets-has been underway since Monday. The first Sin City CES opened its doors 40 years ago, for starters, and the format switched from two shows every year (remember heading west in the winter and east in the summer?) to just Vegas 20 years ago. [Full Article...]

BB&T Corp Purchases 3185 Shares of JPMorgan Chase & Co. (JPM)

BB&T Corp Purchases 3185 Shares of JPMorgan Chase & Co. (JPM) The stock decreased 0.11% or $0.13 during the last trading session, reaching $118.98. About 3.95M shares traded. Calix, Inc. (NYSE:CALX) has risen 5.89% since January 11, 2017 and is uptrending. Caxton Associates Lp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $383.86 billion market cap company. [Full Article...]

China targets websites mentioning Taiwan as a country

China targets websites mentioning Taiwan as a country China is stepping up its policing of global companies such as Inditex SA-owned Zara and Delta Air Lines Inc and demanding they respect the government's position on long-standing territorial disputes from Taiwan to Tibet. Taiwan has been self-ruled since a 1949 civil war split from the mainland, but Beijing continues to claim sovereignty over the island. Chinese authorities have also warned oth... [Full Article...]

India's Infosys posts better-than-expected Q3 profit on tax deal

India's Infosys posts better-than-expected Q3 profit on tax deal Beating market expectations, Bengaluru-based, IT giant Infosys on Friday reported a net profit of Rs 5,129 crore for the third quarter ended December 31, 2017, up 38% as compared with Rs 3,708 crore for the corresponding quarter a year ago. [Full Article...]

Fiat Chrysler to move plant from Mexico to MI, pay out bonuses

FCA said that it will invest more than $1 billion to modernize the Warren Truck Assembly Plant (Michigan) to produce the next generation Ram Heavy Duty truck, which will relocate from its current production location in Saltillo, Mexico, in 2020. [Full Article...]

GM plans autonomous vehicle with no wheels or pedals for 2019

GM plans autonomous vehicle with no wheels or pedals for 2019 The steering wheel and pedals will be gone, giving total control to the machine. The petition, which was filed with the National Highway Traffic Safety Administration, is the latest step toward the company's goal of deploying a commercial robotaxi service . [Full Article...]

China 2017 Exports Up 10.8% in Yuan Terms -- Customs

China 2017 Exports Up 10.8% in Yuan Terms -- Customs China's trade data capped a robust year despite numerous concerns over the health of its economy. The government is planning to announce GDP data for 2017 next week. The Trump administration is also considering several unilateral tariff actions on steel, aluminium and China's intellectual property practices likely to draw disputes from WTO members. [Full Article...]

Bitcoin Rises as Ripple's Attract Fades for Manic Crypto Merchants

Bitcoin Rises as Ripple's Attract Fades for Manic Crypto Merchants Ever since Bitcoin - the first ever cryptocurrency - was introduced by the mysterious figure Satoshi Nakamoto in 2009 it has heralded an avalanche of competitors, each trying to refine and improve on this modern phenomenon in some way. [Full Article...]

Joint-Venture Mazda/Toyota Plant Coming to Alabama

Joint-Venture Mazda/Toyota Plant Coming to Alabama The facility is expected to create up to 4,000 jobs and production is expected to begin by 2021. Louisiana offered a $500 million incentive package in its unsuccessful bid to land a $1.6 billion joint Toyota-Mazda automobile plant that chose Alabama instead. [Full Article...]

All you need to know about India's 100th satellite

All you need to know about India's 100th satellite The three Indian satellites include the 710 kg Cartosat-2 Series Satellite for earth observation, a micro satellite in the 100 kg class, Microsat, and a 5-kg nano satellite, the Indian Nano Satellite IC. The six strap-on solid rocket boosters - four ignited on the ground and two in the air - will all complete their burns and jettison from the PSLV by T+plus 1 minute, 32 seconds. [Full Article...]

Uber built secret program to evade law enforcement

Uber built secret program to evade law enforcement The call would result in a team in San Francisco remotely shutting down computers in the office under investigation making it hard if not impossible for law enforcement to retrieve the desired records. Late past year, news broke that Uber is officially under federal investigation for a program it called Greyball . The software allegedly allows headquarters personnel to remotely change passwor... [Full Article...]

New MH370 search approved as Malaysia offers $70 million reward

New MH370 search approved as Malaysia offers $70 million reward The agreement was signed by the Malaysian government and Ocean Infinity CEO Oliver Plunkett at a ceremony in Kuala Lumpur, reported CNN. The disappearance of the Boeing 777 aircraft en route from Kuala Lumpur to Beijing on 8 March 2014 with 239 people aboard is considered modern aviation's biggest mystery. [Full Article...]


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