The Brent Spence Bridge between Ohio and Kentucky carries twice as much traffic as it was built to handle — it’s 54 years old and functionally obsolete. But an effort to replace the span on one of America’s busiest trucking routes has languished for years — even after governors from both states agreed on a $2.5 billion plan about five years ago.
Day: January 27, 2017
LVMH Hits All-time High After Booking Record Earnings
LVMH shares hit an all-time high Friday after the luxury goods company renewed its sales and profit record, defying the tough business climate hitting the overall industry. Shares in the Paris-based owner of Louis Vuitton and Christian Dior brands advanced 1.2% to 192.8 by 10:15 GMT, hitting an all-time high after enjoying a rally of 57% for the last 12 months.
Apple Cruising on Momentum High, Plus Jim Cramer’s Thoughts
There are worries about the iPhone 8 but Apple’s weekly charts show the stock above a golden cross. Apple reports earnings Tuesday.
Here’s Why You Must Sell These 5 Toxic Dogs Now
We’re finally at Dow 20,000. All of the big market indices are hitting new all-time highs this week – in short, you could have the worst market timing in the world and still be sitting on gains in 2017.
Wake Me When the Chop Has Stopped
I feel as though I could have used one of those My Pillows during the trading day on Thursday. It would have helped me sleep at my desk.
‘The explosion in data is so great that it’s almost like, if you have storage space, we’ll take it!’
If you didn’t know any better, we were back in 1999 when Intel and Microsoft and Western Digital and Seagate were hot as freshly shot cannonballs, because we figured out how to get some “high speed” lines to connect personal computers to the world wide web. Of course, those companies are, with the exception of Intel, really very different beasts now.
UBS reports 22-percent drop in 4Q net amid tax effects
Swiss bank UBS reported a 22-percent drop in net income in the fourth quarter last year, due in part to tax effects, but said Friday that rising investor confidence in the United States could boost its wealth management business. Citing “very challenging” market conditions in 2016, the bank reported net income of 738 million Swiss francs in the fourth quarter, compared with 949 million a year earlier.
Executives court Chinese versions of FedEx, UPS to fly into ONT
Ontario International Airport Authority CEO Kelly Fredericks and the airport’s Chief Development Officer Mark Thorpe spoke about efforts to attract more business at ONT at an exporters roundtable meeting attended by dozens of members of the local business community and organized by Rep. Norma Torres, D-Ontario. ONTARIO >> Top executives at Ontario International Airport outlined Thursday ongoing efforts to attract major Chinese courier companies to use ONT as the major gateway and hub to the U.S. and Latin American marketplaces, similar to UPS and FedEx’s domestic e-commerce operations with Amazon.
Caroline County officials fear bill in House of Delegates will affect county’s broadband authority
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UBS Profit Beats Estimates as Market Rally Lifts Securities Unit
UBS Group AG said profit more than tripled in the fourth quarter as rising interest rates and a rally in equities boosted the bank’s securities unit and U.S. wealth management. Profit before tax rose to 848 million francs from 234 million francs a year earlier, the Zurich-based bank said Friday in a statement.
Fire Sparks Double Bonanza for Refiners as Fuel Profits Jump
A slew of blazes at plants across the globe is shrinking supplies and boosting profits from turning crude into products such as gasoline and diesel. At least 13 refineries, including in Ruwais in Abu Dhabi, Deer Park in Texas and Tuapse in Russia with a combined capacity of about 1.8 million barrels a day, were struck by fire this month, according to data compiled by Bloomberg.
UBS Beats Q4 Profit Forecast; Sees Improved Wealth Management in 2017
UBS Group UBS posted better-than-expected fourth quarter earnings Friday and said an improved outlook in the United States could support growth in the bank’s wealth management business. UBS Group AG posted better-than-expected fourth quarter earnings Friday and said an improved outlook in the United States could support growth in the bank’s wealth management business.
Money raining from the sky prompts police investigation
Pedestrians in Indianapolis were surprised Tuesday when green bills began falling from the sky and collecting on the sidewalk and street. “I looked up around the buildings to see if anybody had dropped it off as a joke,” Michael Addock, a witness, told Fox59 .
Dollar perks up from 7-week low, U.S. GDP in focus
The dollar edged up on Friday, rebounding from a seven-week low on optimism over the U.S. economic outlook and corporate earnings, although U.S. President Donald Trump’s protectionist policies raised uncertainties for global trade. The dollar index , which measures the greenback against six major peers, last stood at 100.47.
American Airlines, Qantas may revive joint venture plan under Trump
American Airlines Group Inc and Australia’s Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight schedules now the Trump administration is in charge, Qantas Chief Executive Alan Joyce said. The pair’s application for a joint venture covering the United States, Australia and New Zealand markets was rejected in November under the Obama administration amid opposition from rival carriers Hawaiian Airlines Inc and JetBlue Airways Corp .
Trumpa s US-Mexico border wall could lead to loss of jobs in LA, expert says
At a chili sauce stall on Olvera Street, 24-year-old Carmin Sanchez of Quintana Roo, Mexico, was filling in for a friend – and hoping to brush up on her English skills. Sanchez searched for the right words to describe her feelings about the unprecedented breakdown in relations between the United States and Mexico that appeared to worsen Thursday.
Trump plan for 20 pct tax on Mexico exports raises eyebrows
Talk of a possible 20 percent tax on U.S. imports from Mexico is raising eyebrows in Asia, where exports to the U.S. drive growth in many economies. Japanese officials said Friday they hoped to soon hold talks on trade with U.S. officials.
Trump administration pulls back on HealthCare.gov ads
The Trump administration said Thursday night it is pulling back advertising to promote HealthCare.gov as open enrollment draws to a close for this year. The Health and Human Services Department said in a statement that the government has pulled back about $5 million in ads as part of an effort to cut costs.