Finance

USA production putting brakes on oil price surge, says world energy body

USA production putting brakes on oil price surge, says world energy body West Texas Intermediate crude for March conveyance slipped 81 pennies to $58.48/bbl at 9:52 a.m. on the New York Mercantile Exchange. It was back then that the US was last producing more than 10 million barrels per day, and it only did so briefly. [Full Article...]

Verizon is going to start selling its phones locked

Verizon is going to start selling its phones locked Now, however, Verizon will keep its phones locked until the device is sold. There's also a wait period, ranging from 14 to 50 days after a customer makes a request for device unlock. According to Verizon, the move will help to address what it says is troubling smartphone theft. "We're taking steps to combat this theft and reduce fraud", Verizon's executive vice president of wireless operatio... [Full Article...]

United Boeing loses engine cover on flight as horrified passengers watch

United Boeing loses engine cover on flight as horrified passengers watch Heard a big bang and the plane started to shake violently. The flight had over 370 people on board, but landed safely around 12.40 pm local time (4.10 am Wednesday Indian time). "It was scary. But they did a really good job". "They let us know that we had to brace for impact in case there was a rough landing", she added. The Boeing 777 has two engines and the company said it was created to fly... [Full Article...]

Six US intelligence chiefs warn against using Huawei, ZTE phones

Six US intelligence chiefs warn against using Huawei, ZTE phones Federal Bureau of Investigation director Chris Wray echoed those concerns during a hearing Tuesday, stating, "We're deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don't share our values to gain positions of power inside our telecommunications networks". [Full Article...]

Indian bank PNB says detects $1.77 bln worth of fraudulent transactions

Indian bank PNB says detects $1.77 bln worth of fraudulent transactions After the bank found out about these "fraudulent" transactions , it suspended its 10 officials, including a branch deputy manager. Punjab National Bank has detected fraudulent transactions amounting to more than Rs 11000 crore. Lok Ranjan, Joint Secretary, the Department of Financial Services, said on the sidelines of a programme here, "I do not think the situation is out of control or it is a ... [Full Article...]

Flower prices up slightly this Valentine's Day, depending on suppliers

Flower prices up slightly this Valentine's Day, depending on suppliers Because all of this traffic comes in on a single, 24-hour period, Krueger says the holiday ranks third behind Mother's Day and Christmas, which attract business throughout the week prior to the latter celebrations. Most custom orders are already in the works, and shoppers are stopping in for flowers and other gift items. "There's a skimming between the fees and percentage they take off of the prod... [Full Article...]

Chipotle Maxican Grill Names New CEO

Chipotle Maxican Grill Names New CEO It has expanded from about 6,400 restaurants in 2015, his first year as CEO, to 6,849 restaurants and $10.1 billion in sales in 2017. "Brian is a proven world-class executive, who will bring fresh energy and leadership to drive excellence across every aspect of our business", Mr. [Full Article...]

India's Consumer Price Inflation Slows In January

India's Consumer Price Inflation Slows In January Official data for consumer price inflation ( CPI ) for January, which stood at 5.2 per cent in December last, would be released by government today. The growth in the cost of raw materials also slowed, with the prices of some imported materials falling. "Apart from oil prices, monsoons will be the key factor for inflation". [Full Article...]

Credit Suisse trims loss, cites upside of USA tax reform

Credit Suisse trims loss, cites upside of USA tax reform Credit Suisse had flagged a 2.3 billion franc write-down for the year in December, after the USA rewrote tax law for corporations. The bank proposed a 2017 dividend of 0.25 Swiss francs per share. Thiam, who took the helm almost three years ago, has focused on scaling back Credit Suisse's investment banking business to concentrate on less capital-intensive private banking. [Full Article...]

Salon offers users crypto mining instead of online ads

Salon offers users crypto mining instead of online ads There's so much free information on the internet that not everyone wants to pay to subscribe to a news site, yet at the same time, many folks find online adverts a pain and use an ad-blocker to sweep them out of view, making it hard for a site to generate ad revenue. [Full Article...]

Incoming! IMF Head Minces No Words About Future Crypto Regulations

Incoming! IMF Head Minces No Words About Future Crypto Regulations We clearly have to move into activity-based regulations", Lagarde said on Sunday, as quoted by the broadcaster. "There is probably quite a bit of dark activity [in cryptocurrencies]". Indeed, some analysts are extremely bullish about the future of cryptos, and the sky being the limit. For example, Fundstrat Global Advisors' Tom Lee believes Bitcoin's price could reach $25,000 by the end of the yea... [Full Article...]

Cvs Health Corp. (CVS) Holder Gluskin Sheff & Assoc INC Upped Holding

Bank Amer Corp now has $312.01 billion valuation. Pathstone Family Office LLC now owns 1,270 shares of the pharmacy operator's stock valued at $2,353,000 after acquiring an additional 982 shares in the last quarter. Morgan Stanley upgraded the shares of CVS in report on Friday, January 5 to "Overweight" rating. JP Morgan has "Neutral" rating and $125 target. The rating was maintained by UBS on Fri... [Full Article...]

Dahlmeier of Germany wins women's biathlon 10 km pursuit at PyeongChang Olympics

Dahlmeier of Germany wins women's biathlon 10 km pursuit at PyeongChang Olympics She's won gold in each of the last two world championships and she's the first reigning world champion to win the Olympic pursuit. "I think it was the key time of the competition, because on the third shoot the wind was really tricky and challenging, the most hard shot of today", the 29-year-old said. [Full Article...]

Walt Disney Co (DIS) Shares Sold by Associated Banc Corp

Walt Disney Co (DIS) Shares Sold by Associated Banc Corp About 4.77 million shares traded or 87.30% up from the average. TransDigm Group Incorporated (TDG) has risen 12.77% since February 12, 2017 and is uptrending. The Walt Disney Company ( NYSE : DIS ), maintained return on investment for the last twelve months at 16.08, higher than what Reuters data shows regarding industry's average. [Full Article...]

Wynn Resorts, Limited (WYNN) Shares Bought by Bank of Montreal Can

About 1.56M shares traded or 59.04% up from the average. Shares of Wynn Resorts ( NASDAQ:WYNN ) opened at $169.80 on Thursday. It has outperformed by 20.93% the S&P500. About 5.51M shares traded or 57.26% up from the average. First Personal Financial Services lifted its holdings in shares of Wynn Resorts by 102.9% in the 3rd quarter. [Full Article...]

How Priya Prakash Varrier became the internet's favourite crush

How Priya Prakash Varrier became the internet's favourite crush For the uninitiated, debutant Malayalam actress Priya Prakash Varrier has set the internet on fire after the song " Manikya Malaraya Poovi " from the film " Oru Adaar Love " went viral on the internet. Her Instagram is filled with enthralling pictures of her that has the lush green Kerala in its background. And no wonder she aces her expressions. Priya made her debut on Twitter just yesterda... [Full Article...]

Liberum Capital Cuts Assura (LON:AGR) Price Target to GBX 66

The stock has an average rating of Buy and a consensus target price of GBX 271 ($3.80). The stock increased 2.62% or $0.6 during the last trading session, reaching $23.5. The company has market cap of $17.05 billion. It primarily offers fresh pork, gourmet sausages, burgers, cooked meats, cooked poultry, fresh chicken and pork, and traditional hand-cured and air dried bacon and gammon, as well as ... [Full Article...]

Check Point Software Technologies (NASDAQ:CHKP) Cut to Neutral at Cleveland Research

Boston Common Asset Management LLC owned approximately 0.21% of Check Point Software Technologies worth $35,690,000 at the end of the most recent quarter. Among 26 analysts covering Exxon Mobil ( NYSE:XOM ), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 90% are positive. Inphi had 70 analyst reports since July 29, 2015 according to SRatingsIntel. [Full Article...]

Unilever threatens to withdraw ads from online platforms

Unilever threatens to withdraw ads from online platforms Unilever is the world's second largest marketing spender, after Procter & Gamble, and spent €7.7bn (£6.8bn) previous year advertising its brands, which include PG Tips, Marmite , Dove and Persil. "I believe they should still go further and human screen all videos with children that are monetized", he said during the interview. Facebook , Twitter and Google , for example have been the focus of... [Full Article...]

Sonakshi Sinha, Salman Khan to reunite before Dabangg 3?

Sonakshi Sinha, Salman Khan to reunite before Dabangg 3? Salman Khan, on the other hand, will leave you in splits as he enacts all of his famous dance steps from his popular films like Sultan , Wanted and Dabangg . Meanwhile, director Chakri Toleti, said, "The film is about two youngsters who land up in NY for an awards ceremony and the rollercoaster ride that follows is all about love and laughter, songs and masti". [Full Article...]


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