Day: January 23, 2017

TPP Trumped

In one of his first acts of business, US President Donald Trump has – as promised- formally pulled the United States out of the Trans Pacific Partnership , which was set to cover 40% of the world’s economic output. The trade agreement was negotiated by former US President Barack Obama and was aimed at deepening economic ties between member countries, which include Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

Should NVIDIA Corporation Be Scared of Samsung’s Automotive Potential?

The company has been focusing on emerging trends such as autonomous cars by partnering with the likes of Tesla Motors to deploy its self-driving technology, powered by deep learning and artificial intelligence. Due to its progress in the automotive sector, revenue from this business increased more than 60% year-over-year during the most recently reported quarter.

Google Buys Parts of Twitter, But Doesn’t Want the Whole Thing

That package includes its mobile application development platform Fabric, the Crashlytics crash-reporting platform, mobile app analytics tool Answers, SMS login system Digits, and development automation system Fastlane. Does the sale indicate that Twitter will sell itself off in bits and pieces instead of as a whole company? Or does it mean that Twitter is merely streamlining its business by dumping its non-core assets? Let’s take a closer look at Twitter and Google’s plans to decide.

It’s a big step that could lead to union representation for Spanish-speaking actors.

The National Labor Relations Board on Monday affirmed a hearing officer’s decision that orders a unionization election for actors at Comcast-owned Telemundo, SAG-AFTRA announced. The decision marks a significant step forward in the union’s campaign to organize and represent Spanish-speaking performers who – unlike their English-speaking counterparts at sister network NBC – do not receive union protections, residuals or benefits.

‘Net neutrality’ foe Ajit Pai is new FCC head

President Donald Trump has picked a fierce critic of the Obama-era “net neutrality” rules to be chief regulator of the nation’s airwaves and internet connections. In a statement Monday, Ajit Pai said he was grateful to the president for his new role as the next chairman of the Federal Communications Commission.

Democrats say Trump’s Washington hotel lost money pre-election, push for GSA action

Sen. Elizabeth Warren wants answers from the General Services Administration about possible violations of Trump’s Washington hotel lease. Leading Democrats on Capitol Hill say President Trump’s Washington hotel lost more than $1.1 million in the first two months of operations and renewed their assertions Monday that the project has violated its lease with the federal government and raised untenable conflicts of interest.

Withdrawal from Trans-Pacific Partnership shifts U.S. role in world economy

U.S. President Donald Trump holds up the executive order on withdrawal from the Trans Pacific Partnership after signing it as White House Chief of Staff Reince Priebus stands at his side in the Oval Office of the White House in Washington Jan. 23, 2017. President Trump’s cancellation Monday of an agreement for a sweeping trade deal with Asia began recasting America’s role in the global economy, leaving an opening for other countries to flex their muscles.

Why Trump’s Staff Is Lying

One of the most striking features of the early Trump administration has been its political uses of lying. The big weekend story was the obviously false claim of Donald Trump’s press secretary, Sean Spicer, that Trump pulled in the largest inauguration crowds in American history.

Banc of California Tumbles as CEO Resigns, SEC Begins Probe

Banc of California Inc. tumbled the most since October after Chief Executive Officer Steven Sugarman resigned and U.S. regulators opened an investigation into whether the firm misled investors in its fight against a short seller. A team of executives will temporarily take over Sugarman’s duties while the firm searches for a replacement, the Irvine, California-based company said Monday in a statement.

Republican Ajit Pai named new FCC chairman

“I am deeply grateful to the President of the United States for designating me the 34th Chairman of the Federal Communications Commission,” Pai’s statement read. “I look forward to working with the new Administration, my colleagues at the Commission, members of Congress, and the American public to bring the benefits of the digital age to all Americans.”

Trump’s press spokesman promises reporters ‘never to lie’

President Donald Trump’s press secretary promised reporters on Monday that he would never lie after a weekend briefing in which he made statements about the crowd size for Trump’s inauguration that were debunked. In comments to reporters on Saturday that became known as the “alternative facts” briefing, White House spokesman Sean Spicer declared that Trump’s crowd was “the largest audience to ever witness an inauguration – period.”

Ajit Pai, “‘net neutrality” foe, picked to head FCC

President Donald Trump has picked a fierce critic of the Obama-era “net neutrality” rules to be chief regulator of the nation’s airwaves and internet connections. President Trump signed three executive orders on his first Monday in office, one of them on the U.S. withdrawal from the Trans-Pacific Partnershi… In a statement Monday, Ajit Pai said he was grateful to the president for his new role as the next chairman of the Federal Communications Commission.

Trump taps Commissioner Ajit Pai to head FCC

In this Aug. 9, 2013, file photo, FCC commissioner Ajit Pai presents his dissent during a Federal Communications Commission hearing at the FCC in Washington. President Donald Trump has picked Pai, a fierce critic of the Obama-era “net neutrality” rules, to be chief regulator of the nation’s airwaves and internet connections.

Motor racing-Brawn returns to Formula One in management role

Jan 23 Former Ferrari technical director and world championship-winning team principal Ross Brawn stepped back into the Formula One arena on Monday in the new role of managing director for motorsport. New owners Liberty Media said the burly Briton, whose Brawn team won the 2009 constructors’ and drivers’ titles, would be one of two managing directors under chief executive Chase Carey.

Yahoo Says Sale to Verizon Delayed Until Second Quarter

Yahoo! Inc. said the sale of its main web operations to Verizon Communications Inc. has been delayed until next quarter to meet closing conditions while the company recovers from the disclosure of massive hacks to its user accounts. The company said Monday it’s “working expeditiously” to finish the deal as soon as practical.

Yahoo Shares Rise After Company Beats Earnings, Sales Expectations

Shares of Yahoo Inc. rose nearly 2% late Monday after the internet company reported fourth-quarter adjusted earnings and sales above expectations. Yahoo also said the sale of its core business to Verizon is now expected to close in the second quarter instead of in the first quarter “given work required to meet closing conditions,” it said in a statement.

Why Sierra Wireless Stock Popped Today

Raymond James’ Steven Li upgraded Sierra Wireless to outperform from market perform early in the day, and simultaneously increased his price target to $20 from $16. To justify his bullish stance, Li cited his belief that Sierra Wireless is poised to enjoy relative strength this year both as original equipment manufacturer buying patterns return to normal, and as its low-cost, low-power Cat-M1 and Cat-NB1 solutions gain momentum and enable the propagation of novel Internet of Things applications.

What Happened in the Stock Market Today

Stocks ended lower on Monday, as weakness in the energy sector outweighed gains in tech shares. The Dow Jones Industrial Average indexes each shed less than 0.5% at the start of a week that will see hundreds of companies post their fourth-quarter earnings results.