Markets

Charter Communications Turns Down Offer To Acquire Sprint

Charter Communications Turns Down Offer To Acquire Sprint

Sprint has long sought a deal as it is unprofitable and the wireless market has gotten more competitive. In that time, Sprint said it has trimmed $4 billion from annual operating costs. "Everybody has shown a high level of interest in evaluating Sprint as a potential merger partner". Sprint achieved almost $370 million of combined reductions in cost of services and SG&A expenses in the quarter, bringing the total reduction during the last nine quarters to almost $4 billion. Read More

Continue Reading »

Eurozone witnesses slight increase in prices as unemployment falls

Eurozone witnesses slight increase in prices as unemployment falls

On a year-on-year basis, the seasonally adjusted GDP rose by 2.1 percent in the eurozone and by 2.2 percent in the EU28 in the second quarter, said the EU's statistical office. On current estimates , European earnings are expected to grow 12.4 percent in 2017, according to Thomson Reuters I/B/E/S. The agency figures showed unemployment across the bloc dropping to a nine-year low of 9.1 percent during the period. Read More

Continue Reading »

Sikkim standoff: China constructing roads hampering India's interests, Government tells opposition

Sikkim standoff: China constructing roads hampering India's interests, Government tells opposition

Opposition parties have urged the NDA government to settle the on-going Chinese standoff and the simmering border dispute over the Doklam plateau through talks and negotiations. Indian officials said the nation remains willing to negotiate a settlement with Pakistan over the disputed territory, but only between the two nations and with no worldwide mediators involved. Read More

Continue Reading »

Gymboree closing 350 stores, including several in North Texas

Gymboree closing 350 stores, including several in North Texas

Closing sales are expected to begin Tuesday, the San Francisco-based company said. The retailer is also closing its stores in Mankato and Medford. It is the Gymboree at the West Park Mall in Cape Girardeau, Missouri. Among other shortcomings, Gymboree failed to innovate quickly, having only recently introduced store email, analytics and tablet computers to help employees do their jobs. Read More

Continue Reading »

OPEC supply concerns drag oil prices lower

OPEC supply concerns drag oil prices lower

Crude prices are stuck around 18 per cent below their starting point for 2017. Oil prices were also lifted by reports that OPEC may be considering capping production in members Nigeria and Lybia. Petersburg, Russia, on July 24 to discuss the stability of their production, according to Issam Almarzooq, Kuwait's oil minister. Since 2010, total exports of US crude and refined petroleum products have more than doubled, from 2.4 million barrels a day to 5. Read More

Continue Reading »

Honda Confirms Another Death From Takata Airbags

Honda Confirms Another Death From Takata Airbags

According to the automaker, the car's ignition switch was on, so the airbag would have been ready. The automaker said police photos show that the metal inflator ruptured and shot out fragments. "Our records indicate that the recall fix was never completed on this vehicle", Honda's statement said. Honda said it might be impossible to determine what actually triggered the airbag. Read More

Continue Reading »

Pritchard and Kigab named to the FIBA World Cup All-Star Team

Pritchard and Kigab named to the FIBA World Cup All-Star Team

Washington was just 1-for-5 from the field and had 3 points and 2 rebounds. He ended the tournament averaging nine points, 3.1 assists, 2.9 rebounds and one steal per game. Okeke led Italy with 14 points to go with 10 rebounds while Oxilia had a double-double of his own with 12 points and 10 rebounds. Canada outscored the United States 33-28 in the final quarter. Read More

Continue Reading »

Massive fire rips through building under construction in Oakland

Massive fire rips through building under construction in Oakland

Firefighters are pouring numerous streams of water onto the blaze, which broke out in the 7-story building before dawn Friday at 24th and Valdez streets. Small explosions were heard as the flames moved through the structure and a large crane dangled over the blaze, threatening to possibly collapse. As of 8:30am, Oakland Fire Department officials said the fire is 85% contained, but dozens of firefighters remain on the scene. Read More

Continue Reading »

Morgan Stanley Begins Coverage on General Motors Company (GM)

Morgan Stanley Begins Coverage on General Motors Company (GM)

Alliancebernstein L P has invested 0% of its portfolio in New York Times Co (NYSE:NYT). Toyota's first-half sales, however, were off by almost 4 percent. WARNING: This story was published by [[site]] and is owned by of [[site]]. If you are viewing this piece on another website, it was stolen and reposted in violation of United States and worldwide trademark and copyright legislation. Read More

Continue Reading »

Abu Dhabi becomes first airport to lift USA laptop ban

Abu Dhabi becomes first airport to lift USA laptop ban

The decision to lift the ban on US-bound Etihad flights from Abu Dhabi came after the airline implemented enhanced security measures, said David Lapan, spokesman for the US Department of Homeland Security. "Their efforts are a model for both foreign and domestic airlines looking to adopt the new measures". Abu Dhabi International Airport did not respond to a request for comment. Read More

Continue Reading »

Hong Kong 20 years after the handover, in numbers

Hong Kong 20 years after the handover, in numbers

Much to Beijing's chagrin, people still display British colonial emblems out of nostalgia and longing for a time they feel had faster economic growth and better opportunities. The news that Nobel prize victor and Chinese dissident Liu Xiaobo is terminally ill and has only recently been granted medical parole has been another source of discontent. Read More

Continue Reading »

Buffett's Company To Become BofA's Largest Shareholder

Buffett's Company To Become BofA's Largest Shareholder

The swap would also make Berkshire Hathaway the bank's largest shareholder. But if Buffett were to swap his preferred shares for those 700 million shares of common shares, he would be looking at higher dividends of $336 million a year. With a change in Berkshire's shares, Mr. Buffett effectively would be saying that he would like to take part in possible gains on Bank of America's stock while still enjoying a steady dividend. Read More

Continue Reading »