Verizon on Sunday said that it will launch an unlimited LTE data plan, titled Verizon Unlimited, on February 13. The plan will start at $80 per month for an individual line, or $45 per line for a group of four on smartphones or tablets. Both new and existing subscribers will be able to sign up.
Day: February 12, 2017
Here are all the winners of the 2017 Grammy Awards
The 59th Grammy Awards are taking place Sunday night. Chance the Rapper was the first winner of the night with his win for best new artist.
A singer wore a Trump-supporting dress at the Grammys, and…
Singer-songwriter Joy Villa made a political statement on the 2017 Grammys red carpet Sunday night with a President Donald Trump-supporting dress, and it got a lot of reaction from all sides online. She took off a white wrap on the red carpet to reveal a red, blue, and white dress with Trump’s campaign slogan “Make America Great Again” running down it.
Infosys Co-Founder Calls Off Battle With IT Giant’s Board
Infosys Ltd.’s co-founder and former chairman Narayana Murthy is calling off his fight with the board, saying the company will deal with the questions about corporate governance that have been raised. Murthy and several other billionaire founders of Infosys had posed questions about governance at Asia’s second-largest IT services company, citing a spike in compensation for Chief Executive Officer Vishal Sikka and severance pay for two departing top-level executives.
Big Singapore Banks’ Earnings in Focus as Ezra Woes Deepen
The woes of Singaporean energy-services provider Ezra Holdings Ltd. are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings. A writedown flagged by Ezra recently has refocused attention on the debt-repayment problems marine-services firms are facing, fueling concerns that lenders may have to set aside more money to cover loan losses.
Why Intel Corporation’s Cannon Lake-EP and EX Server Chips May Be Dead
Skylake-EP and EX represent all new architectures built using the company’s 14-nanometer+ technology, while Cannon Lake-EP and EX were supposed to represent mild architectural enhancements of the Skylake-EP and EX chips, but with the benefit of being built on the company’s upcoming 10-nanometer chip manufacturing technology. Although I can’t make this prediction with 100% certainty, I strongly suspect that based on Intel’s most recent disclosures, Cannon Lake-EP and EX are dead.
Asia Extends Global Equity Rally as Yen Slides: Markets Wrap
Asian stocks extended a global rally as investors looked ahead to data that will provide detail on the strength of U.S. consumer prices and speeches from a range of Federal Reserve officials. The yen weakened Monday after the S&P 500 Index climbed to a record high on Friday.
Oil Holds Gains as IEA Sees OPEC-Cuts Compliance, Rising Demand
Oil held gains after the International Energy Agency said OPEC achieved a record 90 percent initial compliance with a production cut accord, while demand grew faster than expected. Futures were little changed in New York after rising 3.2 percent the previous three sessions.
South Korea Prosecutor Resummons Samsung Heir Jay Y. Lee
A special prosecutor is again questioning Samsung Group’s Jay Y. Lee over allegations including bribery and embezzlement, potentially dealing another blow to South Korea’s biggest business empire. Lee, the de facto head of the Samsung Group and vice chairman of Samsung Electronics Co., was called in for questioning Monday morning, along with two other executives including Samsung Electronics President Park Sang-jin.
Investor Honeymoon With OPEC Falters as Shale Drilling Booms
After unprecedented optimism that the Organization of Petroleum Exporting Countries will manage to ease a global supply glut, money managers reduced their bets on rising West Texas Intermediate prices for the first time in a month. While the group and other major exporters are pumping less crude, U.S. inventories and production are on the rise, and shale drillers keep adding rigs.
Tycoon Eyes StanChart’s Indonesia Bank Stake in March to Top
Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank Mayapada International, as he seeks to put his lender in the ranks of the nation’s biggest banks. Tahir’s Mayapada Group wants to buy the 90 percent of Permata that is owned by Standard Chartered Plc and PT Astra International and merge it with Bank Mayapada to create Indonesia’s largest non-government bank by assets after PT Bank Central Asia, he said.
Jazz Pianist Turns Hedge Fund Quant With Sale of Options Startup
Larry Richards, a trained jazz pianist and former phone-company executive, is an unlikely entrepreneur in the esoteric world of stock options. Just three years after taking an online course on equity derivatives, Richards set up his own company in 2013 to develop trading software for individual investors and small funds.
3 No-Brainer Reasons to Get a 15-Year Mortgage
Most people who get a mortgage sign up for a 30-year loan. But if you’re able to swing a 15-year mortgage, you stand to reap a number of benefits.
The 2017 Tax Refund Schedule
If every cloud has a silver lining, the silver lining for the onerous task of tax-return preparation is the tax refund that often follows it. Once you send your return to the Internal Revenue Service , you’re probably itching to get your payment.
Toshiba’s Nuclear Reactor Mess Winds Back to a Louisiana Swamp
If you want to understand why Toshiba Corp. is about to report a multi-billion dollar write-down on its nuclear reactor business, the story begins and ends with a one-time pipe manufacturer with roots in the swamp country of Louisiana. The Shaw Group Inc., based in Baton Rouge, looms large in the complex tale of blown deadlines and budgets at four nuclear reactor projects in Georgia and South Carolina overseen by Westinghouse Electric Co., a Toshiba subsidiary.
Billionaire Real Estate Mogul Sam Zell Sees Staggering Economic Opportunity Under Trump
Amid extraordinary political developments for the U.S., Chicago-based business mogul Sam Zell tells TheStreet he sees “staggering economic opportunity” for the nation under the presidential authority of Donald Trump. Trump’s vow to cut government regulation that he calls “excessive” could lead to “a $1 trillion of stimulus without spending anything, while Obama added $1 trillion to U.S. debt” to prop up the U.S. economy, Zell said.
Dollar Gains After Trump-Abe Meet, Asian Shares Firm
A picture illustration shows U.S. 100 dollar bank notes and Japanese 10,000 yen notes taken in Tokyo August 2, 2011. Japan primed financial markets on Tuesday for currency intervention after the yen tested record highs, signalling it may try to tame … the unit with a combination of yen-selling and monetary easing.
Renault CEO Says France Sale Would Allow Nissan Stake Shift
A lopsided alliance between Renault SA and Nissan Motor Co. could be revised once France sells its stake, paving the way for the Japanese manufacturer to increase its involvement, according to the carmakers’ chief executive officer Carlos Ghosn.
Thanks, mum
The company is based around an app which allows retailers and customers to see where a product comes from, from its origins to its point of sale. “Behind every product is a complex chain of people and places and that’s a really important part of why people buy things,” Ms Baker explains.
The woman using technology to prove where food comes from
The company has developed an app that allows retailers and customers to see where a product comes from – from origin to point of sale. “Behind every product is a complex chain of people and places, and that’s a really important part of why people buy things,” founder Jessie Baker explains.
Work to be done
It was doing a favour for his mother that gave entrepreneur Matt Barrie the idea for setting up a business that is now worth more than A$400m . His company and website Freelancer has a simple concept – it connects people who have work they need doing with others who compete to do the task by submitting the fee they would charge.
The dubious cases against one med-tech tax and for a subsidy
The enduring adage that we detest taxes but obligingly accept public benefits those taxes support is playing out in Minnesota by one of the state’s largest and most prosperous interest groups. That’s hardly surprising, but eyebrows may wrinkle in this case, in which highly questionable “facts” are pushed to knock down a federal tax and, in St. Paul, to prop up a subsidy that some call a freebie handout to folks who often don’t need it.
3 Questions to Ask Before Hiring a Tax Professional
With tax season just around the corner, now’s the time to start thinking about not just when you’ll file your taxes but how. In fact, you may be looking at hiring a professional to file your return on your behalf — and if so, you wouldn’t be alone.
1 Number to Watch When Shopify Reports Earnings
Shopify’s stock has been climbing higher over the past year based on lofty expectations from investors. Although the company has not yet turned a profit, a chart comparing the price-to-sales ratio and the stock price presents the picture of a high-flying stock with fantastic revenue growth: Shopify helps companies create internet-based, multichannel commerce platforms.
Tycoon Eyes StanChart’s Indonesian Bank Stake in March to Top
Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank Mayapada International, as he seeks to put his lender in the ranks of the nation’s biggest banks. Tahir’s Mayapada Group wants to buy the 90 percent of Permata that is owned by Standard Chartered Plc and PT Astra International and merge it with Bank Mayapada to create Indonesia’s largest non-government bank by assets after PT Bank Central Asia, he said.
Google’s Biggest Cloud Customer Just Signed a $1 Billion Deal With Amazon
It didn’t take long for Google’s biggest cloud customer to split its allegiances. Just a week after Snap Snap will continue to use Google Cloud for the core Snapchat functionality.
Biggest Singaporean Banks’ Earnings in Focus as Ezra Woes Deepen
The woes of Singaporean energy-services provider Ezra Holdings Ltd. are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings. A writedown flagged by Ezra recently has refocused attention on the debt-repayment problems marine-services firms are facing, fueling concerns that lenders may have to set aside more money to cover loan losses.
China’s Zombie Province Shows What’s Wrong With Its Bond Market
Nowhere are China’s rusted-out industries worse than in Liaoning, a province that’s slumped into outright recession and where officials have admitted to years of inflating fiscal revenue data. Liaoning is also a showcase for how long a road China faces to create a world-class bond market.
‘Lego Batman’ Tops Strong Weekend Box Office
This image released by Warner Bros. Pictures shows Batman, voiced by Will Arnett, in a scene from “The LEGO Batman Movie.”
The Beijing-based indie will co-finance, co-produce and handle…
China’s Hishow Entertainment has taken stakes in two upcoming features from Nu Image/Millennium Films. In a deal announced on day four of the European Film Market in Berlin, the Chinese indie will co-finance and co-produce Hunter Killer and Escobar .
Wireless Subscriber Growth Should No Longer Be the Focus for Verizon
The report card for America’s largest cell service provider demonstrates that the mobile business is getting mature. While this will continue to be Verizon’s bread-and-butter, it’s time for investors to focus on the other irons the company has in the fire.
Mr. President, I’d Like to Introduce You to Andrew Jackson
I’ve never met Steve Bannon and find most of his reported views repugnant. But I owe him: He caused me to reread Jon Meacham’s biography of Andrew Jackson, “American Lion.”
Swiss voters reject reform to multinationals’ tax bills
Swiss voters have rejected a plan to reform the country’s corporate tax system, sending the government back to the drawing board. Business and political circles in Switzerland had supported the plan, which was designed to prevent taxes rising sharply for foreign investors.
You’ll Be Surprised at the Size of Ford Motor Company’s War Chest
I’ll say that again: Twenty-seven point five billion dollars. That’s the cash Ford Motor Company had stashed as of December 31 .
Is Vista Outdoor Inc a Sell After Its Huge Earnings Miss?
On Thursday, the company reported its third fiscal quarter earnings, and its stock promptly became one of the single biggest decliners on the New York Stock Exchange.Here’s how the news went down. For its fiscal 2017 third quarter , Vista reported quarterly sales of $654 million, up 10% year-over-year thanks to acquisitions that topped off the revenue stream — “organic” sales declined 5%.
How Wal-Mart Can Take On Amazon Beyond Free 2-Day Shipping
The world’s largest retailer ditched its Amazon Prime-wannabe, Shipping Pass, which offered free three-day shipping for an annual fee of $49, and is instead offering free two-day shipping on all orders of $35 or more. It’s a better deal for customers, as a majority of orders on the company’s website are for more than $35, and Wal-Mart’s success has historically come from offering rock-bottom prices without hurdles such as a membership fee, offering a different kind of value from Amazon Prime.
Prince’s Warner Bros. Catalog Goes to All Streaming Services
In this Feb. 4, 2007, file photo, Prince performs during the halftime show at the Super Bowl XLI football game at Dolphin Stadium in Miami. Prince’s Warner Bros.
Boston Beer’s Change to Rebel IPA’s Recipe Is a Sign of Desperation
That the brewer felt the need to “completely reformulate” the recipe for this once-popular brew is an indication of how much Boston Beer is worried about the decline. The company says “Project Lupulus” brought in hops that were not readily available when Rebel IPA was introduced.
3 Things to Watch in the Stock Market This Week
Stocks rose to another record last week as strong fourth-quarter reports painted a brightening picture for corporate earnings growth. The Dow Jones Industrial Average Earnings season is rolling on and promises to produce plenty of volatility for investors over the coming trading week.
Host Alec Baldwin, ‘SNL’ Cast Skewer Trump White House
Alec Baldwin, who has scored in guest shots on “Saturday Night Live” with his mocking impersonation of Donald Trump since the campaign’s final weeks, presided Saturday night as guest host of the NBC comedy show, serving up yet another Trump masquerade. In his spoof, President Trump made good on a tweeted vow to “see you in court” directed at the three Ninth Circuit federal judges who last week refused to lift a stay preventing his immigration ban from being enforced.