Day: February 10, 2017

AAON Is a Stock With Room to Grow

AAON is a top stock in the heating, ventilation and air conditioning space. The reasons for this are not hard to see: It is debt-free, has a strong track record of improving sales and margins and is likely to continue growing because of its brand reputation and legacy customers.

Ryanair Seeks European Domination — With the Help of Its Rivals

Ryanair Holdings Plc is closing in on a series of agreements that could see the discount giant take control of an even bigger swathe of European short-haul travel. The Dublin-based company is seeking deals with carriers including Norwegian Air Shuttle ASA, Aer Lingus, Alitalia SpA and Deutsche Lufthansa AG under which its flights would help feed passengers onto their long-haul services.

Nikkei at 2-Week High on U.S. Tax Cut Hope

Japan’s Nikkei share average soared on Friday to a two-week high, following Wall Street’s lead after U.S. President Donald Trump said he would make a major tax announcement in a few weeks. The Nikkei gained 2.5 percent to 19,378.93, its highest closing level since Jan. 27. For the week, the index added 2.4 percent, the biggest weekly gain since early December.

Hungary’s Korda Studios Launches New Film Financing Service

The filmmaking complex near Budapest where ‘Bladerunner 2049’ and ‘The ‘Martian’ were filmed is to offer ‘financial, legal and tax advice’ to productions. Hungarian filmmaking complex Korda Studios is launching a new subsidiary, Korda Finance, to offer media finance, sales and distribution services to productions shooting in the southeastern European country and region.

The 2017 Fusion Sport: Smooth move, Ford. Very smooth.

Despite its slightly weightier, more powerful engine, the V-6 Sport still feels light, tight and easy to manage on the road, Warren Brown writes. Cars become popular when their designers think about everybody, particularly when they elevate the idea of “family sedan” to the rank of automotive primacy.

How Low Can You Go? Deposit Rates Hit 0.00% at Japan’s Banks

The average rate that Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc.’s main banking units pay depositors fell to 0.00 percent for the first time in the nine months ended December, from 0.03 percent a year earlier, their latest earnings statements show. The numbers aren’t exactly zero: the banks round the figures to two decimal places by simply cutting the third digit.

Rpt: Trump Border ‘Wall’ to Cost $21.6B, Take 3.5 Years to Build

President Donald Trump’s “wall” along the U.S.-Mexico border would be a series of fences and walls that would cost as much as $21.6 billion, and take more than three years to construct, based on a U.S. Department of Homeland Security internal report seen by Reuters on Thursday. The report’s estimated price-tag is much higher than a $12-billion figure cited by Trump in his campaign and estimates as high as $15 billion from Republican House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell.

Rpt: Morgan Stanley Exploring Move to Manhattan’s West Side

Morgan Stanley is exploring a move to Hudson Yards, the vast development site on Manhattan’s West Side, The Wall Street Journal reported, citing people familiar with the matter. The bank is considering purchasing the remaining 2 million square feet at 50 Hudson Yards, the planned tower where money manager BlackRock is also expected to move its headquarters, the Journal said.

Rpt: Kushner Family in Talks to Buy Miami Marlins

The Kushner family, relatives of President Donald Trump through son-in-law Jared Kushner, is in talks to buy the Miami Marlins baseball team, media said on Thursday. Forbes magazine initially reported that the Marlins, owned by art dealer Jeffrey Loria, had a “handshake agreement” to sell the team to a New York real estate developer, in a deal valued at $1.6 billion.

Berlin: eOne Sells Hit Canadian Series ‘Cardinal’ Across Europe

Billy Campbell and Karine Vanasse star in the crime drama, based on the John Cardinal novels by writer Giles Blunt. Entertainment One has closed multiple deals across Europe for the Canadian TV series Cardinal , with the BBC picking up the hit crime drama for the U.K. eOne also closed deals for Cardinal with C More in Scandinavia and Calle 13 in Spain.

Berlin: Download THR’s Day 2 Daily

A look at Europe’s take on China’s art house sector, exclusive news of Mike Myers’ new movie and a chat with Oren Moverman on his “Trumpian” new movie. The Hollywood Reporter has released its second Berlin International Film Festival daily issue, which includes a look at how Europe is targeting China’s art house sector, exclusive news of Mike Myers’ new movie and a chat with Oren Moverman on his “Trumpian” new movie.

‘That idiot’: Rodrigo Duterte responds to former Colombian…

During a speech at an event celebrating the 115th anniversary of the founding of the Philippine Bureau of Customs, President Rodrigo Duterte gave a customarily blunt response to an op-ed written by former Colombian President Cesar Gaviria. Gaviria, who presided over the hunt for and killing of Pablo Escobar , cautioned against deploying armed police and troops to fight the drug trade and called for more efforts to address the social factors related to drug use in a New York Times op-ed titled ” President Duterte is repeating my mistakes .”

Oil Prices Stable on Strong Chinese Imports

Oil prices were stable on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories weighed on the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.68 per barrel at 0427 GMT, up 5 cents from their previous close.

Asian Stocks Rise on China Trade, Trump’s Tax Cut Talk

Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. China’s January exports rose 7.9 percent from a year earlier, while imports jumped 16.7 percent, beating expectations, preliminary data showed, getting the economy off to a strong start in 2017.

Trump’s choice: The importance of being Ajit Pai

The new chief of America’s Federal Communications Commission is not a fan of net neutrality. So what’s his vision of communications and digital policy in these times? We find out… IMAGE: Ajit Pai at a Federal Communications Commission Net Neutrality hearing in Washington in February 2015.

Xiaomi Goes All-In On Retail to Revive China Smartphone Sales

After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years, as co-founder Lei Jun mimics a strategy that’s helped the Oppo and Vivo brands leapfrog Xiaomi to the top of China’s smartphone market.

China Banks Caught in Deleveraging Pinch Forced to Absorb Costs

Caught between policy makers’ intensifying efforts to raise short-term borrowing costs, and benchmark interest rates that haven’t moved since 2015, Chinese lenders have few options but to absorb much of the higher costs. The gap between the three-month Shanghai Interbank Offered Rate and the one-year lending rate has narrowed to 17 basis points, the least since July 2011.