Day: February 28, 2017

Singapore’s GLP Said to Shortlist At Least 3 Bidder Groups

Global Logistic Properties Ltd. has shortlisted at least three groups in the bidding for the Singapore-based warehouse operator, people with knowledge of the matter said. GLP invited a management-backed consortium that includes Chinese investment firms Hillhouse Capital Management and Hopu Investment Management to study detailed information on the business, the people said, asking not to be identified as the information is private.

SoftBank Said to Be in Talks to Combine OneWeb With Intelsat

SoftBank Group Corp., the technology giant controlled by billionaire Masayoshi Son, is in talks to merge the satellite startup it’s backing, OneWeb Ltd., with satellite provider Intelsat SA, according to people familiar with the matter. A deal is conditioned on setting aside money to purchase Intelsat bonds from investors at a price higher than their trading prices last week, though that would still be below par value, said the people, who asked not to be identified discussing private information.

SocGen Banker Seeks to Avoid Testifying in Libya Bribery Case

A Societe Generale SA executive is trying to avoid testifying in a Libyan bribery lawsuit because of the risk he may incriminate himself in a U.S. criminal probe. The bank is being sued by the Libyan Investment Authority, which alleges billion-dollar investment deals with the French lender were tainted by bribery and intimidation of Libyan officials.

Korean Prosecutors to Indict Samsung Heir on Graft Charges

South Korea’s special prosecutor plans to indict Jay Y. Lee, the de facto head of Samsung Group, on bribery charges in the latest blow to the country’s largest conglomerate amid a generational handover. Lee will stand trial over accusations he participated in bribes made in exchange for government favors, with formal changes to be filed Tuesday against him and four other executives.

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Viva Entertainment Group, Inc. , a developer of an OTT system through which television services are delivered using the Internet, is pleased to announce the appointment of Mr. , CEO, serving as Chairman of the Board. Mr. Nagle years of experience in the digital world have been primarily focused on branded entertainment and strategic partnership development.

China’s leaders still banking on ‘irreplaceable’ central bank chief

The old generation of economic policymakers in Beijing is ceding centre stage to a new one as the Trump administration in the US threatens to tear up the global trade rule book. Whether China will move towards an open and ordered market economy, based on the achievements of people such as central bank governor Zhou Xiaochuan, will be largely dependent on the new team’s ideas and capabilities.

India Said to Plan Selling 51% in Air India to Strategic Partner

India is planning to sell a majority stake in Air India, the country’s national carrier, to a strategic partner in a bid to turn around the loss making airline, people with knowledge of the matter said. The proposal includes reviving Air India within five years of selling a 51 percent stake, the people said, asking not to be identified as the information isn’t public.

Deutsche Boerse-LSE Deal Caught in Brexit Political Crossfire

As Deutsche Boerse AG’s $13 billion takeover of London Stock Exchange Group Plc teeters on the verge of collapse, there’s only one thing participants agree upon: LSE’s explanation is only part of the story. While an LSE statement cited impossible regulatory demands, half a dozen people familiar with the discussions say that obscured other hurdles.

Gazprom Heads to Asia in Charm Offensive With Local Investors

Executives from Gazprom PJSC in Moscow are this week heading thousands of miles east to Singapore and Hong Kong for the first time since 2015 in a bid to drum up interest in the world’s largest natural gas producer. Even after last year’s commodities rally and a revival in Russian stocks, Asian money managers have yet to be persuaded that Gazprom is worth adding to their portfolio.

Korean Prosecutors to Indict Samsung Heir on Graft Charges

South Korea’s special prosecutor plans to indict Jay Y. Lee, the de facto head of Samsung Group, on bribery charges along with four other executives, dealing a blow to the country’s largest conglomerate as it prepares for a generational handover. Formal charges would mean Lee stands trial over accusations of involvement in bribes for government favors.

Growing problem: Pot lights give ham radio operators a buzz

In this Feb. 21, 2017 photo, lifelong ham radio operator and expert tinkerer Tom Thompson poses for a photo inside his basement home office, where he operates a ham radio and other devices in Boulder, Colo. After discovering that radio interference was being caused by high-powered lights from home marijuana growers, Thompson built an electronic filter and has given them to nearby growers.

Trump Needs to Get It Right Tonight: Opinion

On Tuesday evening President Trump will have the opportunity to address the nation, and equally as important, House and Senate members during a joint session of Congress. These are the individuals who will actually vote to make, amend or rescind laws during Trump’s tenure.

Fidelity Slashes Fees on Stock and ETF Trades

Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients. Boston-based Fidelity’s price reduction to $4.95 from the previous commission of $7.95 a trade, will likely put pressure on the rest of the U.S. brokerage industry.

Asian Stocks Add to Solid February Gains

Asian shares edged up on Tuesday, on track for a winning month and bolstered by gains on Wall Street as investors awaited a speech by U.S. President Donald Trump for signals on tax reform and infrastructure spending. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, up 3.6 percent this month nearly 10 percent for the year so far.

How San Bernardino Community College District is about to make $157 million off KVCR

Gloria Macías Harrison, vice president of the San Bernardino Community College District Board of Trustees, Chancellor Bruce Baron, KVCR-TV Program Manager Ben Holland, KVCR-FM Program Manager Rick Dulock, and KVCR-TV Director of Television Lillian Vasquez, watch the afternoon feeds in the KVCR-TV control room Monday. The district, which runs the station, announced Monday that it will be trading in the television station’s FM frequency in exchange for an expected $157 million in a Federal Communications Commission auction.

Walmart Takes Yet Another Step Toward Going Cashless in Its Stores

Executives at the world’s largest retailer revealed a new feature to its mobile app that will allow its pharmacy and money services customers to sidestep long lines, TheStreet learned at event attended on Monday. Whether it’s refilling a prescription or wiring money, the onerous tasks of filling out paperwork and checking prescriptions can all be done before stepping foot in the store.

‘I think he is behind it’: Trump suggests Obama is organizing…

When asked if Obama was responsible for organizing some of the protests – including the widely-publicized demonstrations at GOP town hall meetings of late – Trump had this response: “No, I think he is behind it, I also think it’s politics, that’s the way it is,” Trump said in a preview of an interview with “Fox and Friends” released Monday night. Trump’s comments follow a long-playing battle with his critics and nationwide protests that have steadily grown in the months since he was elected.

Walmarta s plan to get you in and out of stores faster

The big-box chain is creating express lanes in its pharmacy and money services areas, in which customers will be able to use new functions in the Walmart app as part of the transaction process. By allowing shoppers to do some things in the app instead of at the counter, and by letting them bypass the main queue, the theory is that customers should get in and out of the store more quickly.