Wealthy Asian investors unwilling to splurge on owning their own European soccer teams are showing their enthusiasm by helping fund the sport. Sales of football finance notes, backed by television rights of soccer clubs, doubled to $11 million last month from the amount issued in April, when they were opened to investors in the region, according to data from Swiss-Asia Holding Pte.
Day: January 8, 2017
View Press Release
CES 2017 showcased the connected future of technology. With more than 3,800 exhibiting companies and exhibit space of more than 2.6 million net square feet, CES 2017 was a record-breaker, welcoming the world’s biggest companies in addition to hosting more than 600 startups at the Eureka Park Marketplace.
China Box Office: ‘Rogue One’ Opens to $31M, Far Behind ‘Force Awakens’
The standalone ‘Star Wars’ film could be in trouble in the Middle Kingdom, given that Sony sci-fi ‘Passengers’ opens there next weekend with backing from Beijing powerhouse Dalian Wanda Group. Rogue One: A Star Wars Story finally cruised into China over the weekend, completing its sweep of box offices around the world.
4K Uhd Atsc 3.0 TVs from LG
LG Electronics is introducing the first ATSC 3.0-enabled 4K Ultra HD TVs to support the US-wide deployment of the next-gen TV broadcast standard in South Korea. Starting spring 2017 – in advance of the 2018 Winter Olympics – new 2017 models of LG 4K Ultra HD TVs and large-screen LG smart TVs sold in Korea will have both ATSC 3.0 and ATSC 1.0 tuners.
Alphabet Says its Autonomous Cars Needed Less Human Help in 2016
Vehicles tested in California by Waymo, the autonomous car company owned Google parent Alphabet Inc., had a much lower rate of “disengagements” last year, compared with 2015. Disengagements happen when a human tester needs to take control of a self-driving car, either to avoid an accident or respond to technical problems.
GOP Should – Show Their Cards’ on Obamacare Redo, Obama Says
Republicans should “show their cards” with a better Obamacare replacement before taking steps to repeal the law, President Barack Obama said in an interview on his signature health program. “Republicans have to go ahead and show their cards, if in fact they have a program that would genuinely work better,” he said Friday in a webcast interview with the online news outlet Vox in Washington.
Net neutrality critic in driver’s seat on GOP tech policy
Marsha Blackburn Net neutrality critic in driver’s seat on GOP tech policy GOP Rep. Blackburn gets key tech subcommittee gavel GOP lawmakers slam Assange after Trump praise, highlighting Russia rift MORE was tapped Friday to chair a key technology subcommittee, putting her in the driver’s seat on Republican efforts to pare back the controversial net neutrality rules. As chairwoman of the House Commerce Subcommittee on Communications and Technology, Blackburn will have a key role in deciding Republicans’ stance.
Morgan Stanley, UBS Said to Plan Boosting China JV Stakes
Morgan Stanley and UBS Group AG are in talks with local partners to boost holdings in their China securities businesses, a sign of growing confidence in those operations, according to people familiar with the matter. The banks are engaged in separate discussions on raising their stakes to 49 percent, the maximum allowed under current regulations, the people said, asking not to be identified because the negotiations are confidential.
Australia predicts a dramatic fall of iron ore prices
The government forecast an iron ore price of $46.70 a tonne by 2018, almost half the current level of $80. The department also lowered its forecast for iron ore exports by 2% to 832.2 million tonnes for the fiscal year 2016-17.
Photos: The Big Detroit Auto Show has Started and it Already Looks Awesome
Even with the black cloud hanging over the auto industry that is President-elect Trump’s Twitter feed, the Detroit Auto Show was able to shine when it kicked off on Sunday evening. The showstopper by far in the early going is Waymo’s self-driving minivan in partnership with Fiat Chrysler .
Baidu Joins BAIC as China Pushes for Homegrown Driverless Cars
Baidu Inc. and state-owned Beijing Automotive Group Co.’ s collaboration on telematics and autonomous driving is almost ready for its coming-out moment, as industry and government join hands to push for self-driving vehicles within China.
Waymo’s John Krafcik Lifts the Veil Slightly on Alphabet’s Driverless Strategy
Alphabet’s Waymo self-driving vehicle subsidiary revealed a bit of its business strategy in an address Sunday by CEO John Krafcik, who said the company intends to develop its own sensors and software rather than rely on other suppliers, as most suppliers and automakers are doing. Krafcik, a former Ford and Hyundai executive, said at the press preview of the North American International Auto Show that Waymo had succeeded in lowering by 90% the cost of a $75,000 LIDAR sensor, which uses lasers to sense objects.
Boxing clever
Toys from China, copper from Chile, T-shirts from Bangladesh, wine from New Zealand, coffee from Ethiopia, and tomatoes from Spain. In the early 1960s, world trade in merchandise was less than 20% of world economic output, or gross domestic product .
Samsung Executives to Be Questioned by Korean Prosecutors
Samsung executives have been summoned by South Korean special prosecutors amid a widening influence-peddling scandal that brought about South Korean President Park Geun-hye’s impeachment. Samsung Corporate Strategy Office Vice Chairman Choi Gee-sung and President Chang Choong-ki were asked to come in for questioning, Hong Jung-seok, a spokesperson for the special prosecutors office, told Bloomberg News via text message on Sunday.
U.S. Gas Prices Jump 12 Cents Over 3 Weeks
An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016. REUTERS/Paulo Whitaker ( The average price of regular-grade gasoline has surged 12 cents nationally over the past three weeks, to $2.38 a gallon.
Detroit auto show: Google, Camry and the shadow of Trump
Detroit Mayor Mike Duggan, center, and North American International Auto Show Chairman Sam Slaughter, right, are given a tour of the Mopar area from Ron Stallworth, left, of Fiat Chrysler Automobiles, Friday, Jan. 6, 2017, in Detroit. The show opens to the media on Monday, Jan. 9 and to the public on Jan. 14. less Detroit Mayor Mike Duggan, center, and North American International Auto Show Chairman Sam Slaughter, right, are given a tour of the Mopar area from Ron Stallworth, left, of Fiat Chrysler Automobiles, Friday, … more The Ford display is seen at the 2017 North American International Auto show, Friday, Jan. 6, 2017, in Detroit.
Twitter Suspends – Pharma Bro’ Shkreli After Harassment
Twitter Inc. suspended the account of Martin Shkreli after the brash former pharmaceutical executive harassed a female reporter online, the latest high-profile case of abuse on the social media service. Over the past few days, freelance reporter Lauren Duca posted about several unwanted digital advances by Shkreli, the former chief executive officer of Turing Pharmaceuticals AG, including a message in which Shkreli invited her to the inauguration of President-elect Donald Trump.
Vertex View into Cystic Fibrosis Sales Growth Still Limited by European Reimbursement
Vertex Pharmaceuticals provided new financial guidance for 2017 on Sunday, including sales of the cystic fibrosis drug Orkambi in the range of $1.1 to $1.3 billion. At the midpoint of Vertex’s 2017 guidance, Orkambi sales will grow 23% compared to 2016 but that’s still $200 million-plus short of the current Street consensus.
Uber Hopes to Appease Cities With Tool Showing Traffic Patterns
Uber Technologies Inc. is hoping to win brownie points with some cities by opening up a small sample of its ridership data. The San Francisco ride-hailing company introduced a traffic dashboard called Uber Movement, saying the tool is designed to help city leaders, urban planners and civic communities.
Alphabet’s Waymo Cuts Cost of Key Self-Driving Sensor by 90%
Alphabet Inc.’s self-driving car unit, Waymo, has slashed the cost of a key technology required to bring self-driving cars to the masses and rolled it out Sunday in an autonomous Chrysler Pacifica minivan. Waymo has cut costs by 90 percent on LiDAR sensors, which bounce light off objects to create a three-dimensional map of a car’s surroundings.
World’s Worst Commodity Radioactive for Investor Portfolios
No major commodity had a worse 2016 than uranium. In fact, the element used to make nuclear fuel has had a pretty dismal decade.
Twitter Suspends – Pharma Bro’ Shkreli After Reporter Harassed
Twitter Inc. suspended the account of Martin Shkreli after the brash former pharmaceutical executive harassed a female reporter online, the latest high-profile case of abuse on the social media service. Over the past few days, freelance reporter Lauren Duca posted about several unwanted digital advances by Shkreli, the former chief executive officer of Turing Pharmaceuticals AG, including a message in which Shkreli invited her to the inauguration of President-elect Donald Trump.
Alphabet’s Waymo Said to Expand Self-Driving Chrysler Van Fleet
Alphabet Inc. and Fiat Chrysler Automobiles NV are doubling down on their self-driving partnership, adding about 100 more Pacifica Hybrid minivans to an autonomous fleet first announced in May, according to people familiar with the decision. Last month, the two companies announced the production of the initial 100 minivans, vehicles equipped with the technology developed by Waymo, the new Alphabet company formed from its Google car project.
Investors All Ears as Trump Set to Break Silence
U.S. and Chinese data and an expected news conference by U.S. President-elect Donald Trump in the coming week may shed some light on the state of the world’s two biggest economies – and the outlook for relations between them. Trump, who takes office on Jan. 20, has said he will hold a news conference on Wednesday.
Key CES Takeaways on PCs, Virtual Reality, 3D Printers and Much Else
Among the things seen at CES: Sleek new PCs and TV sets, a glut of wearables and smart home devices, and intriguing 3D printing and robotics innovations. TheStreet’s Eric Jhonsa attended CES from Tuesday through Friday.
AT&T insists the FCC has no basis for halting its merger with Time Warner
Remember when your parents forbade you from seeing your high school sweetheart, and you responded petulantly, “You can’t stop me”? If so, you may get a case of deja vu from the latest drama between AT&T and the FCC. Insisting that it has a plan to rebut any potential scrutiny from the Federal Communications Commission, AT&T said late last week that regardless of what the government body has to say, its merger with Time Warner cannot be stopped by governmental action.
What’s going on in China right now reminds us of a great…
In the beginning of “Star Wars: Episode IV – A New Hope,” rebel leader Princess Leia was captured by the evil Empire. The rebels had managed to steal the plans for the Empire’s secret weapon, the Death Star, and so the Empire’s agents were ruthlessly hunting for them all over the galaxy.
3 Takeover Candidates in the Drug Space
This commentary originally appeared on Real Money Pro at 7 a.m. ET Friday, Jan. 6. Click here to learn about this dynamic market information service for active traders. We expect quite a number of M&A deals in the health-care sector in 2017.
India’s High Court Favors Nationalism Over Democracy
Noah Feldman is a Bloomberg View columnist. He is a professor of constitutional and international law at Harvard University and was a clerk to U.S. Supreme Court Justice David Souter.
This is how pilots train to fly the F-35 – America’s most…
This is how pilots train to fly it. Click below for the top news from around the Bay Area and beyond.
Insider Q&A: De Beers CEO talks diamonds, millennials
Instead of romantic proposals and engagement rings, the commercials trying to sell a new generation on diamonds show young couples rolling around on a bed, arguing in a car and even questioning whether they’ll ever marry. The ads are one way the diamond industry is trying to reach millennials, the under-35-year-olds who may be more focused on paying off student loan debt than buying diamonds and getting hitched.
Trump Interviews Brexit Supporter as U.S. Envoy to EU, Mail Says
A professor who backed the U.K.’s decision to leave the European Union was interviewed for the job to become President-elect Donald Trump’s ambassador to the bloc, according to the Mail on Sunday. Ted Malloch was recommended for the position by Nigel Farage, a political rival to U.K. Prime Minister Theresa May, and discussed the job with Trump’s team, according to the newspaper, citing an interview with the professor.
How to Drink with Billionaires
Mark Oldman is one of the wine world’s great popularizers. In his lectures, seminars and books – the most recent of which, How to Drink Like a Billionaire: Mastering Wine with Joie de Vivre , came out last fall – he encourages his audience to try unfamiliar grapes, relax about food and wine pairings and enjoy wine rather than make a fetish of it.
Scientists identified what makes a joke funny
It’s really hard to be funny. It’s even harder to be funny and get paid for it. But the cartoon editor of The New Yorker , Bob Mankoff , has made a living making people laugh for decades.
A YouTube star with 7.5 million followers explains how she…
A YouTube star with 7.5 million followers explains how she makes money – and how the industry is changing When 22-year-old Eva Gutowski first started making YouTube videos in college, she thought of it just as a way to help her broadcast journalism major. The idea that she could be a YouTube personality for a living didn’t even register in the general sense, let alone for her specifically.
At Least Four Dead in Palestinian Truck-Ramming Attack in Jerusalem
A Palestinian rammed his truck into a group of Israeli soldiers on a popular promenade in Jerusalem on Sunday, killing four people and injuring about 15 others in a deliberate attack, police and emergency services said. Police identified the driver as a Palestinian from Israeli-annexed East Jerusalem and said he was shot dead.
SeaWorld San Diego Ending Killer Whale Show
SeaWorld San Diego is ending its long-running killer whale show after years of outcry and falling attendance prompted it to renounce theatrical orca displays. The show that featured killer whales cavorting with trainers and leaping high out of the Shamu Stadium pool will have its final performances on Sunday.
A look back at the iPhonea s first decade
“Today Apple is going to reinvent the phone,” Steve Jobs tells the crowd at Macworld on Jan. 9, 2007, “and here it is.’ ‘ And it was off to the races for the humble iPhone that he pulled out to show the audience.
Week Ahead: Wall Street Welcomes Fourth-Quarter Earnings With the Big Banks
The fourth-quarter earnings season will kick off in the coming week with a number of high-profile companies reporting their performance over the last months of 2016. With a new year comes a look at the old.
Losing and Loving It
Many traders dislike social media sites like Twitter because so much of the content is celebrating great trades after they occur. If you review the comments of some folks, you must wonder why they aren’t billionaires as they never seem to have a losing trade.