HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back. Europe’s biggest bank by assets said on Tuesday profit before tax for 2016 fell to $7.1 billion from $18.87 billion in the previous year.
Month: February 2017
Crude Prices Rise as Investors Bet Big on Oil Strength
U.S. crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. U.S. West Texas Intermediate crude was up 27 cents, or 0.5 percent, at $53.67 a barrel at 0511 GMT, after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.
seeks 30-day extension on FCC’s TCPA petition
NAFCU, with 10 other trade groups, has asked for a comment-period extension to April 10 on a rulemaking petition that would reverse the Federal Communications Commission’s interpretation that those who knowingly release their phone numbers have given consent to be called under the Telephone Consumer Protection Act. “We believe that such a dramatic change would prevent consumers from receiving important communications from our members on their mobile phones, communications that provide critical information that consumers want and need to receive,” stated the letter sent to the FCC last week.
HSBC’s Profit Misses Estimates as Lender Extends Stock Buyback
HSBC Holdings Plc’s fourth-quarter profit missed estimates amid lower revenue, as the lender extended a stock buyback that has driven its London shares to a three-year high. Adjusted pretax profit, which excludes one-time items, jumped 39 percent to $2.62 billion, Europe’s largest bank said in a statement on Tuesday.
Saudi Aramco Favors New York for IPO – WSJ
Saudi Aramco is leaning toward listing its giant, state-run oil company in New York, The Wall Street Journal reported Monday. Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, having soured on the idea of floating its shares on an Asian stock exchange, The Wall Street Journal reported Monday citing people familiar with the matter.
HSBC Reports Wider Quarterly Loss as Interest Income Declines
Europe’s largest bank reported a pretax loss of $3.4 billion for the three months ended Dec. 31, compared with a $858 million loss a year earlier, according to a Hong Kong exchange statement Tuesday. The bank announced a $1 billion stock buy-back.
Burger King and Tim Hortons Near Deal to Buy Popeyes – Reuters
Popeyes Louisiana Kitchen could start cooking with Burger King and Tim Hortons soon if a reported deal by its parent, Restaurant Brands International , goes through. Reuters reported the impending deal on Monday, adding that it could be announced later this week.
SocGen’s Mianne Becomes Latest Senior Banker to Depart Firm
Societe Generale SA’s Christophe Mianne, one of the French lender’s most senior executives in trading and investment banking, is leaving the firm after almost three decades. Mianne will depart on March 24 to pursue other opportunities, a spokeswoman for the lender said Monday by phone.
Qualcomm Says Samsung Scandal Weakens Korea Antitrust Ruling
The corruption scandal rocking South Korea has given Qualcomm Inc. another way to challenge a big antitrust fine threatening its most profitable business. Jay Y. Lee, heir to the top job at Samsung Group, was arrested last week on allegations he was involved in paying billions of won to a friend of South Korean President Park Geun-hye, in exchange for government support of his succession.
CIA analyst resigns, calls Trump’s actions in office ‘disturbing’
A CIA analyst has resigned, citing concerns over President Donald Trump’s treatment of the US intelligence community. Edward Price, who had worked for the CIA since 2006, left his position this month.
Big Batteries Coming of Age Prompt Bankers to Place Their Bets
The idea that giant batteries may someday revolutionize electrical grids has long enthralled clean-power advocates and environmentalists. Now it’s attracting bankers with the money to make it happen.
How much longer can the Trump rally last?
Feb. 20, 2017 – 3:15 – FBN’s Charles Payne on the state of the stock market and upcoming quarterly earnings reports.
Uber Taps Eric Holder to Investigate Discrimination Claims
Uber Technologies Inc. appointed former U.S. Attorney General Eric Holder to lead an independent review into claims of sexual harassment by a former software engineer. Arianna Huffington, head of human resources Liane Hornsey and Angela Padilla, the company’s associate general counsel, will also participate in the investigation, Uber Chief Executive Officer Travis Kalanick wrote in a memo to employees on Monday.
Publisher cancels Milo Yiannopoulos book deal
Milo Yiannopoulos, the conservative provocateur known for brusque and controversial political commentary, just had his book deal canceled by publisher Simon & Schuster. “After careful consideration, Simon & Schuster and its Threshold Editions have canceled publication of ‘Dangerous’ by Milo Yiannopoulos,” a statement from the company read Monday afternoon.
ACLU: Here’s what you should and shouldn’t do if you’re…
We asked ACLU senior staff attorney Jason Williamson to lay out an individual’s rights, and the ACLU’s best advice for getting stopped by the police. [JASON WILLIAMSON] If you’re asked for your name, you should provide it.
Poll: Majority of Americans view economy as ‘strong’
Feb. 20, 2017 – 4:30 – Gary Kaltbaum of Kaltbaum Capital Management and University of Maryland economist Peter Morici on President Trump’s impact on the U.S. economy.
News 5 mins ago 6:40 p.m.Ghost calls threaten safety
Some people trying to get through to 911 may be getting a message that puts them on hold. Dallas City Council Member Philip Kingston days, “being placed on hold at 911 is not acceptable.”
3 Will the public accept the fatal mistakes of self-driving cars?
This once-hypothetical question is taking on greater urgency, particularly among policymakers here in Washington. The promise of autonomous vehicles is that they will make our roads safer and more efficient, but no technology is without its shortcomings and unintended consequences – in this instance, potentially fatal consequences.
Will the public accept the fatal mistakes of self-driving cars?
This once-hypothetical question is taking on greater urgency, particularly among policymakers here in Washington. The promise of autonomous vehicles is that they will make our roads safer and more efficient, but no technology is without its shortcomings and unintended consequences – in this instance, potentially fatal consequences.
FOX’s Brenda Buttner Passes Away
Longtime friend and colleague Neil Cavuto, managing editor and anchor for both Fox News Channel and FOX Business Network, delivered a heartfelt tribute to Buttner, describing her as “incredibly brave.” Cavuto said “She took stock of life much more than any stock in life.
This Explains Why the Company That Owns Burger King May Still Want to Buy Popeyes
Restaurant Brands is in advanced talks to buy the southern fried chicken chain, Bloomberg reported on Monday evening. Citing sources familiar with the matter, the report says a deal could be announced as early as this week.
Here Is the Biggest Threat to Retailers Right Now That Nobody Is Talking About
As some of the country’s biggest brick-and-mortar retailers prepare to release quarterly earnings starting Tuesday, another villain, even more menacing to them than Amazon , could wreak havoc on their sales in the months ahead. That threat? Rising gas prices .
HGTV star Scott McGillivray explains how to avoid the biggest…
To make sure you’re earning as much as possible on the sale, Scott McGillivray, the host of HGTV’s “Income Property” and a real estate expert who’s invested in over 100 properties, recommends avoiding one thing that he sees sneak up on sellers again and again: transaction costs. “Transaction costs in real estate is usually what kills people’s profit margins,” McGillivray told Business Insider.
Warren Buffett’s annual letter will be released on Saturday
Buffett’s letter is always well-read because he has a talent for explaining complicated subjects in entertaining ways, and because he has a remarkably successful investing record. Buffett also uses the letter to recount Berkshire’s performance over the past year.
The future of private space flight
Feb. 20, 2017 – 4:52 – Lawrence Krauss, chair of the Origins Project at Arizona State University, on the future of private space flight.
Milo Yiannopoulos Book Canceled By Simon & Schuster
The Breitbart editor had signed a $250,000 book deal in December with Threshold Editions, an imprint of Simon & Schuster, but the publisher announced on Monday that it halted plans for the book, after “careful consideration,” according to Publisher’s Weekly . Yiannopoulos, who also appeared on Real Time With Bill Maher last week to discuss his views on Hollywood liberalism, was disinvited from this week’s Conservative Political Action Conference, known as CPAC, where he was supposed to deliver the keynote address.
Snap’s IPO Draws Barclays CEO, But London Investors Remain Wary
A full team of Snap Inc. executives, advisers, and the Chief Executive Officer of Barclays Plc attempted to sell the story of the social media company’s IPO in London Monday. So far it has been a tough sell.
More Rate Hikes Good for the Market?
On Dec. 14, 2016, the federal funds rate was hiked by 25 basis points to 0.75%. More hikes are expected in 2017, but early this month, Fed FOMC members decided to maintain the interest rate at 75% for the time being without ruling out further increments.
Ham radio hobbyists to have festival at N. Hunterdon High on March 11
More than 30 vendors of radio, electronics, and accessories at bargain prices are expected at the North Hunterdon Regional High School cafeteria on Route 31 from 8 a.m. to 1 p.m. on Saturday, March 11, 2017, for the annual Cherryville Repeater Association “Hamfest.” The Hamfest has been presented for more than a decade at North Hunterdon Regional High School.
Scammers in New York are posing as ICE agents to rip off…
Con artists and scammers have apparently seized on the recent, high-profile deportations of immigrants in the US in order to rip off people afraid of being detained and removed from the country. New York Attorney General Eric Schneiderman issued an urgent fraud alert on Thursday, warning immigrant communities in the state about reports of fraudsters impersonating Immigration and Customs Enforcement agents to intimidate immigrants and demand money.
CPAC disinvites Milo Yiannopoulos after video it describes as…
Controversial far-right journalist Milo Yiannopoulos has been disinvited from speaking at the Conservative Political Action Conference, American Conservative Union Chair Matt Schlapp announced in a statement Monday. “I’m partly to blame.
10 jobs that will make you happy and rich
Many people believe a happy career and a fat paycheck are mutually exclusive, but online jobs community CareerBliss has found that these two things can go hand in hand. CareerBliss compiled its new list of jobs that can make you happy and rich by analyzing more than 20,000 employee reviews of companies with at least ten reviews.
Obamacare launched a new wave of start-ups. Now they’re bracing for what’s next.
Four years ago, Noah Lang saw an opportunity in Obamacare. With an eye toward the millions of people set to purchase health insurance on their own for the first time, the 29-year-old Silicon Valley entrepreneur founded a start-up, Stride Health, that helps them compare and choose between plans – and do it all from a smartphone.
Fmr. AG Barr: Given the Dangers that Exist, Trumpa s Immigration Order is Reasonable
Bill Barr, U.S. Attorney General under Bush '41, on what to expect from President Trump's new executive order on immigration. After the Ninth Circuit decided to continue the hold on President Trump’s immigration order on February 9, Trump issued a statement that he would come out with a new order, which is expected to be announced this week.
Todd Starnes: Hate Directed Toward the Trump Family is ‘Despicable’
Feb. 20, 2017 – 2:34 – Fox News Radio host Todd Starnes on the attacks directed at Melania Trump after she recited the Lord’s Prayer.
My Diagnosis for Mark Cuban: Trump Derangement Syndrome
People are coming undone over Donald Trump’s first 30 days in the White House, and not just the lunatic fringe on the left, either. Billionaire investor Mark Cuban has been on a tear, going after the president on everything from his management style to his positions on jobs and healthcare.
Disposable Medical Sensors Market Research Report by Regional Analysis : Forecast 2023
The medical devices manufacturing companies are in a nonstop process of improving medical devices in terms of convenience, safety and most prominently, sterility. This sterility factor significantly led to the manufacturing of the disposable medical devices.
Tim Hortons and Burger King owner, Restaurant Brands, nears deal to buy Popeyes: report
A man walks by a Popeyes restaurant in Baltimore, Md., in this Nov. 2015 photo. Restaurant Brands is reported to be close to deal for the Popeyes chain.
Milo Yiannopoulos Dropped as CPAC Speaker Amid Pedophilia Video Controversy
Milo Yiannopoulos’ invitation to deliver the keynote address at this week’s Conservative Political Action Conference, known as CPAC, has been rescinded. “Due to the revelation of an offensive video in the past 24 hours condoning pedophilia, the American Conservative Union has decided to rescind the invitation of Milo Yiannopoulos to speak at the Conservative Political Action Conference,” read a statement from ACU Chairman Matt Schlapp on Monday.
Big hit for Bulls, ‘Benny’s Day Off’ connects online
In this Monday, Feb. 6, 2017, photo the Chicago Bulls’ mascot Benny the Bull, right, begins his daylong Snapchat video quest by reenacting a scene from the Chicago based movie Ferris Bueller’s Day Off, with the help of the Bulls’ Luka Dukich, digital content manager, left, Second City’s Billy Bungeroth, the story’s co-director., and Benny’s assistant Tom Sargent at the United Center in Chicago. The story starring Benny is playing out almost in real time on social media on a recent Monday, with scenes posted on Snapchat right after they are recorded throughout the day.