A company that wants to run a natural gas pipeline through a Massachusetts state forest has agreed to pay $1.2 million for the right. The agreement announced Thursday settles a lawsuit brought by Tennessee Gas Pipeline Co., a subsidiary of Kinder Morgan.
Month: December 2016
This 24-second video starring an adorable kid and an Amazon…
People love Amazon Echo , but more and more people are buying the smaller $50 Echo Dot, which can do all the same things as the Echo but also be plugged into other speaker systems to take advantage of the better audio quality. In fact, the Echo Dot has been the top-selling device on Amazon.com since November 1. As more and more people buy into the Echo family, they’re also learning the nuances of owning these types of devices – specifically, that they can’t always understand you, and don’t always do what you want them to do.
Here’s the simple trick to look your best in selfies from your…
Have you ever taken a selfie, looked at it afterward, and thought, That’s not even what I look like! The problem was likely wide-angle distortion, the property of smartphone lenses that renders their subjects a bit odd-looking and cartoonish. Fortunately, there’s a simple way around the problem if you understand a bit about the optics of these devices.
Here’s the surprising reason we drop a ball on New Year’s Eve
The dropping of the New Year’s Eve ball in Times Square has been a tradition for over 100 years. We spoke with the agent for the ball itself, Jeffrey Straus, and climbed to the top of One Times Square to find out why millions Click below for the top news from around the Bay Area and beyond.
S&P 500 Analyst Moves: FIS
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Fidelity National Information Services is now the #24 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.
Dow Analyst Moves: JPM
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, JPMorgan Chase is the #19 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, JPM claims the #299 spot.
China’s Huawei Vows to Shake Everything Up in a Tougher 2017
Huawei Technologies Co. pledged to overhaul its culture and rethink the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed.
Brent Oil Set for First Annual Gain in 4 Years Before OPEC Cuts
Brent oil, the global benchmark, is headed for its first annual advance in four years before supply cuts from OPEC and other producing nations next month intended to stabilize the market and reduce swelling global inventories. Futures added 0.5 percent in London.
Run-DMC in $50m trademark battle
A member of pioneering rap group Run-DMC has filed a $50m lawsuit accusing retailers of unlawfully using the group’s name on items of clothing. Darryl “DMC” McDaniels said that products sold by Amazon, Walmart and other stores violated federal trademark and New York competition laws.
Bank of Italy Puts Monte dei Paschi Rescue Cost at $9.25 Billion
The Bank of Italy said Friday that the cost to rescue failing lender Banca Monte dei Paschi di Siena will likely hit a 8.8 billion , a figure that falls largely in line with European Central Bank estimates. BMPS will need around a 4.6 billion to shore up the bank’s capital base and repair its common tier 1 equity ratio, the Bank of Italy said in a statement, and a further a 2 billion to cover retail investors, putting the cost for Italian taxpayers at a 6.6 billion.
London shares tread water after new high
London’s FTSE 100 index stayed just below the record high set on Thursday in quiet pre-New Year trading. The biggest faller was outsourcing company, Capita, with shares down 3%.
Oil Prices on Track for Greatest Yearly Percentage Gain Since 2009
Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 23 cents to $54.00 at 0746 GMT.
Japan’s Stock Market Ekes Out Small Gains for the Year
Officials and investors celebrated the end of 2016 at the Tokyo Stock Exchange on Friday as Japanese shares dropped to a three-week low on the last trade. The benchmark Nikkei sled in choppy trade as investors took profits from the recent gains on the last trading day of 2016, but the market managed to eke out marginal gains for the year.
Hong Kong Stocks End a Volatile 2016 Roughly Flat
Hong Kong shares rose around 1 percent on Friday, but the main indexes ended 2016 near where they started after a volatile 12 months, punctuated by Britain’s vote to leave the European Union and Donald Trump’s triumph in the U.S. presidential election. On the last trading session of the year, the Hang Seng index added 1.0 percent, to 22,000.56 points, while the Hong Kong China Enterprises Index gained 0.9 percent, to 9,394.87.
China’s Shanghai Index Records Double-Digit Loss for 2016
Chinese stocks rose slightly on Friday, the last trading day of 2016, but the blue-chip index ended the year more than 11 percent lower despite signs of resilience in the world’s second-largest economy. The Chinese market did find its footing after a deep plunge early in 2016.
Mobileye Jumps on Deal With Carmakers for Driverless Data
Mobileye NV, the Jerusalem-based maker of chips and software for driverless cars, jumped the most in six months after announcing a strategic partnership with HERE, the mapping consortium forged by German automakers. Shares of Mobileye rose 9.8 percent to $38.44 in New York, the most since June 30. The stock is still down 9.1 percent this year.
Tesla Makes Reno a Critical Stop on Way to Las Vegas and CES
As far as Tesla’s concerned, what’s happening in Las Vegas can stay in Las Vegas. The real action is some 400 dusty miles northwest, across the state in Reno.
Wall Street’s Trump Bonanza Won’t Avert Job Cuts at Banks in ’17
Bank stocks are on a tear after Donald Trump’s victory drove up expectations for the industry’s profits. Here’s the catch for many people working there: Holding onto their jobs won’t be any easier.
Fairfax Wins Central Bank’s Approval to Take Over Indian Lender
Value investor Prem Watsa’s Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India’s central bank is allowing a foreign investor to purchase a majority stake in a domestic lender. Catholic Syrian, based in Thrissur in south India’s Kerala state, received notification of the approval Thursday from the Reserve Bank of India, director T.S. Anantharaman said in a phone interview.
Oil and Gas Explorers Headed for IPO Are Finding Buyers Circling
As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With prized assets in the industry’s promised lands, not all of them make it that far.
European Stocks to Open Mixed Following Asia Gains; FTSE 100 Set For Early Close
European stocks are expected to open with little change from Thursday’s close in the final session of the year. European stocks are expected to open mixed Friday as investors tidy-up positions on the final trading day of the year.
China’s Huawei Vows to Shake Up Its Business for a Tougher 2017
Huawei Technologies Co. pledged to overhaul its culture and re-think the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed.
Tesla stock might close down for the year – and that could…
The Wall Street Journal’s Steven Russolillo tweeted on Thursday that Tesla shares are down at the end of year for the first time since the carmaker’s 2010 IPO. It’s an accurate observation, although one that should be taken with a rather large grain of salt.
Self-driving cars are already deciding who to kill
Autonomous vehicles are already making profound choices about whose lives matter, according to experts, so we might want to pay attention. “Every time the car makes a complex maneuver, it is implicitly making trade-off in terms of risks to different parties,” Iyad Rahwan, an MIT cognitive scientist, wrote in an email.
Futures Higher, Asia Mixed as End Nears for 2016
Futures are higher late Wednesday but they have been all week and the market went the opposite direction in regular trade. Futures for U.S. markets were higher late Thursday, but they have provided little guidance to Wall Street’s performance in regular trade in the final week of the year as both the Trump and Santa rallies wilted.
RBI Warns of Stress as Indian Banks’ Bad Loans Hit 14-Year High
Bad debts at Indian lenders, especially those in the dominant state-run sector, have climbed to a 14-year high and could swell further, putting a strain on their capital buffers and profitability, a central bank study showed. The industry’s gross bad-loan ratio jumped to 9.1 percent in September, from 7.8 percent in March, according to the Reserve Bank of India’s Financial Stability Report released Thursday.
Nomura to Deepen Cost Cuts as CEO Seeks to Keep Ship Afloat
The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations over the next three years.
NBC Boston launches Jan. 1, but Bristol County will be in the dark
A new television station, NBC Boston, goes live in Eastern Massachusetts and Southern New Hampshire on New Year’s Day, carrying the NBC lineup of programs along with an emphasis on regional news, sports and weather. Channel 7, WHDH-TV, the current and longtime NBC Boston affiliate, is converting to a mostly news format, with expanded coverage of local news, station officials have said.  Borrowing many on-air people from New England Cable News, which along with Telemundo shares the same ownership by Comcast, the startup is a major development in the Boston television market.
SpaceX shares first public image of Falcon Heavy
SpaceX released its first public image of the Falcon Heavy rocket that it hopes will ferry a crewed Red Dragon capsule to Mars in 2018. The Wednesday reveal was made on Instagram by the very social-media friendly company.
2 Things to Watch From Qualcomm Inc. in 2017
Although the company’s stock price is up about 34% year to date , its financial results in its most recent fiscal year were uninspiring. Qualcomm closed its fiscal year on Sept.
Nomura to Deepen Cost Cuts as CEO Seeks to Keep – Warship’ Afloat
The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations over the next three years.
India cash crunch: Rupee deposit deadline looms
People in India have until the end of Friday to deposit discontinued notes in bank and post office accounts, or risk their money becoming worthless. Early last month the government scrapped the 500 and 1000 rupee notes to crack down on undeclared money and fake cash.
Russia is already retaliating against new US sanctions over…
Russia is already retaliating against new US sanctions leveled against the Kremlin for cyberattacks designed to interfere with the US presidential election. In response to the expulsion of 35 Russian diplomats who have been given three days to leave the US, Russia ordered the closure of the Anglo-American School of Moscow, CNN reported on Thursday, citing an unnamed US official with knowledge of the action.
Cables Restaurant in Woodland Hills set to serve final order
From left, Allan Klein, Ilene Kline, Beth Cohen and Stanley Cohen enjoy their last meal at Cables in Woodland Hills on Thursday, Dec. 29, 2016, ahead of its closure this weekend. WOODLAND HILLS>> Cables Restaurant in Woodland Hills, a popular Ventura Boulevard dining spot for more than four decades is closing on Saturday, the latest tenant to leave a shopping center that is slated for renovation.
Nomura’s Nagai to Deepen Cost Cuts in Project Dubbed – Waterline’
Nomura Holdings Inc., the Japanese brokerage that has cut hundreds of jobs overseas since April, is now embarking on a companywide review of spending in order to reduce operating costs further over the next three years. Under the plan, called the “Waterline Project,” Nomura will evaluate the cost-effectiveness of employees’ daily activities and of the bank’s operations to determine how much money can be saved by 2020, Chief Executive Officer Koji Nagai said in an interview in Tokyo.
Resolutions for Trump and Congress
In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: Resolutions for Trump and Congress In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: Check out this story on jacksonsun.com: In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: 1. Audit the Feda .and then end it: The Federal Reserve Bank’s easy money polices have eroded the American people’s standard of living and facilitated the growth of the welfare-warfare state.
Apple Has a Lot to Lose if its Favorable Chinese Manufacturing Deals Unravel
A Thursday New York Times report provides fresh arguments. It also shows just how much Apple, and perhaps some other U.S. tech giants dependent on Chinese manufacturing, have to lose if the trade status quo with China is disrupted in a major way.
Renting in LA County, Inland Empire is getting more expensive at a fast rate
Los Angeles County and the Inland Empire posted some of the nation’s steepest rent increases during the fourth quarter of 2016, according to figures released this week. Axiometrics , a research firm that tracks apartment development and rental trends, showed that L.A. County was tied with the Las Vegas-Henderson-Paradise, Nevada region for the biggest quarterly increase in rental prices among the top 25 U.S. markets.
Why Cliffs Natural Resources, Groupon, and Alnylam Pharmaceuticals Slumped Today
Thursday was another sluggish day on Wall Street, with the Dow once again moving away from the 20,000 mark rather than toward it. Most major market benchmarks were down slightly on the day, as investors seemed content to coast into the end of the year as they wait to see whether things in 2017 will go as well as the recent stock market rally would suggest.
Gold and Silver Stocks Surge Higher, but Can This Relief Rally Last?
Up until August, precious metals like gold and silver were the stars of 2016. In many instances, you could have thrown a dart and picked a gold or silver miner that had at least doubled in value this year.