Senior staff to President Donald Trump arrive for a news conference in the East Room of the White House in Washington, Thursday, Feb. 16, 2017. From left are, Senior Policy Adviser Stephen Miller, White House Chief Strategist Steve Bannon, White House Chief of Staff Reince Priebus, and Vice President Mike Pence.
Month: February 2017
Kraft in talks to buy Europe’s Unilever
At left, in a March 25, 2015, file photo, a Heinz ketchup sign is shown on the side of the Senator John Heinz History Center in Pittsburgh. At right, also in a March 25, 2015, file photo, the Kraft logo appears outside of their headquarters in Northfield, Ill.
For Boeing Chief, How Cozy Is Too Cozy in Access to Trump
Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump.
Stada Bid War Unfolds as Third Suitor Offers $3.84 Billion
Stada Arzneimittel AG is weighing offers as a bidding war for one of the last remaining generic-drug businesses of its size in Germany and Russia begins to unfold. The company said Thursday it received interest from a third firm that made a non-binding offer of 58 euros a share, or about 3.61 billion euros .
Deere Raises Profit Forecast as It Sees Signs of Recovery
Deere & Co., the world’s largest manufacturer of farming machinery, raised its 2017 profit forecast and said there are signs the worst may be over in a market that’s suffered a sustained slump lasting years. Net income will be about $1.5 billion in the year through October, Deere said Friday in a statement, exceeding both its own previous forecast and the average estimate among analysts, both of which were $1.4 billion.
Ford’s Dozing Engineers Side With Google in Full Autonomy Push
As Ford Motor Co. has been developing self-driving cars, the U.S. automaker has started noticing a problem during test drives: Engineers monitoring the robot rides are dozing off.
Peugeot’s Move on Opel Driven by Europe’s Do-or-Die Mass Market
PSA Group’s bid to create a European auto giant by acquiring General Motors Co.’ s neglected regional business may be the best chance Peugeot, Citroen and Opel have to thrive.
Opel CEO Says GM Sale To Peugeot Makes Sense ‘In Principle’
General Motors’ European CEO appeared to give his backing for a merger with France’s Peugeot after German lawmakers said the tie-up could work if domestic jobs were protected. General Motors ‘ European CEO, Karl Thomas-Neuman, appeared to give his backing for a merger with France’s PSA Peugeot Friday after German lawmakers said the tie-up could work if domestic jobs were protected.
Oscars: – Lion’ Is an Emotional Rollercoaster, Says the Real-Life Saroo Brierley
Despite seeing Lion around 20 times, the real-life Saroo Brierley still gets emotional when he sees the Oscar-nominated film based on his epic journey to find his family. The response to the film of Brierley’s story – how he was separated from his family in India at age 5, was adopted by an Australian couple, and embarked on an epic search to find his birth family 25 years later – has been amazing, he says.
Game Of Thrones’ Star Natalie Dormer Joins Australian Period Drama – Picnic At Hanging Rock’
The limited series, being made for Foxtel, is a reimagining of Peter Weir’s 1975 classic film of the same name. Natalie Dormer, Yael Stone and French actress Lola Bessis will headline the cast of Australian paynet Foxtel’s original period drama, Picnic at Hanging Rock , which goes into production in the state of Victoria next month.
Berlin: Bond/360 takes ‘Becoming Who I Was’ for North America
Bond/360 has taken North American rights to Becoming Who I Was , a documentary from directors Chang-Yong Moon and Jin Jeon about a boy recognized as the reincarnation of a Buddhist master. Bond/360 will bow the film, which screened in Berlin’s Generation Kplus sidebar, first in New York then nationwide on its Karma Cinema label before going out on a multi-platform release.
Allianz Tops One-Year High After First-Ever Share Buyback, Dividend Increase
Allianz rose to the highest in more than a year after it launched its first-ever share buyback and boost its annual dividend after better-than-expected full year earnings. Allianz SE shares rose to the highest in more than a year after Europe’s largest insurance company said it would launch its first-ever share buyback and boost its annual dividend after better-than-expected full year earnings.
Stada Arzneimittel Shares Hit Fresh Record High as Bidding War Escalates
Stada Arzneimittel confirmed a third potential bidder has expressed interest in the German generic drug maker, lifting shares to an all-time high. Stada Arzneimittel confirmed a third potential bidder has expressed interest in the German generic drug maker, lifting shares to an all-time high.
Audi China Dealers Demand $4 Billion to Cover Sales Losses
Audi dealers in China are demanding 28 billion yuan to cover losses over the past three years that they blame on the automaker adding too many distributors, potentially worsening a sales decline that saw BMW and Mercedes-Benz overtake the luxury brand last month. The dealers met Thursday in Sanya, China, and issued a statement saying their newly formed group would oppose Audi’s planned formation of a second joint venture in China until the German maker managed to reach 1 million in annual sales in the country.
Rep. King: Need complete repeal of Obamacare
Feb. 17, 2017 – 5:32 – Judiciary Committee Member, Rep. Steve King (R-IA) on repealing Obamacare and the fallout over the intelligence leaks.
The Inscription reads: – You have a lot of disposable income.’
Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events If you want the options, okay. You will get a great vehicle, probably one of the safest and best-looking sport-utility vehicles available in the U.S. auto market.
Toshiba Shares Slump After S&P Warns of ‘Selective Default’
Toshiba lurched lower again Friday after S&P warned of a potential ‘selective default’ downgrade for the Japanese conglomerate if it seeks debt financing to assist in its global restructuring. Toshiba Corp. lurched lower again Friday after Standard & Poor’s warned of a potential ‘selective default’ downgrade for the Japanese conglomerate if it seeks debt financing to assist in its global restructuring.
China Indexes Fall, Erasing Most of This Week’s Gains
China’s main stock indexes fell on Friday as investors retreated from brokerage and newly-listed stocks after a recent rally, erasing most of the gains made earlier this week. The blue-chip CSI300 index dropped 0.6 percent to 3,421.44 points, while the Shanghai Composite Index lost 0.9 percent to 3,202.08 points.
Bridgestone in $1.3 Billion Share Buyback After Profit Drop
Bridgestone Corp. said it will purchase up to 150 billion yen in the Japanese tiremaker’s biggest stock buyback since at least 2000 to improve capital efficiency and boost enterprise value. The Tokyo-based company will buy back as many as 50 million shares, or 6.4 percent of stock outstanding, and cancel them in addition to another 20 million in treasury stock, it said in a statement on Friday.
U.K.’s Clark Meets PSA Chiefs to Make Case for Vauxhall Plants
U.K. Business Secretary Greg Clark traveled to Paris late Thursday for meetings with French government and auto industry officials to press the case to retain manufacturing in the U.K. if Peugeot parent PSA Group buys General Motors Co.’ s European arm.
European Stocks Called Lower After Cautious Asia Session
European stocks are expected to open mixed after a softer session in Asia that saw investors trim risk following a dollar retreat and scattered press conference from President Donald Trump. European stocks are expected to open mixed Friday after a softer session in Asia that saw investors trim risk positions following a dollar retreat and scattered press conference from President Donald Trump.
Here’s Why Alibaba, JPMorgan and Qualcomm Should Still Be on Your Buy List
This market could have a lot further to run in 2017 — here are five big stocks that look ready to lead the S&P higher. There’s been a lot of discussion about how long the S&P can keep on busting through to new higher ground – the short answer is “a lot longer than most people think.”
Nikkei Drops as Investors Wary of Fed Talk
Japan’s Nikkei share average fell on Friday with the market wary of a stronger yen and financials weakened as U.S. bond yields fell after comments by a senior U.S. Federal Reserve official were viewed as relatively dovish. The Nikkei ended down 0.6 percent at 19,234.62 points.
Samsung Heir Jay Y. Lee Is Arrested on Bribery Allegations
Samsung Group’s Jay Y. Lee was formally arrested on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardizes the executive’s ascent to the top role at the world’s biggest smartphone maker. The Seoul Central District Court issued the warrant for Lee’s arrest early Friday.
Here Comes Pfizer’s Powerful Breakout
Shares of Pfizer gained over 2% on Wednesday, extending the rally off the late February low to 7.75%. This impressive move has lifted the stock back to within striking distance of a major resistance area.
Samsung Chief Lee Arrested as South Korean Corruption Probe Deepens
Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips. The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision.
Oil Firms as OPEC Floats Extended Output Cut
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.76 per barrel at 0311 GMT , up 11 cents from their last close.
Asia Stocks Ease After Run of Gains; Dollar, Oil Recover
Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday’s slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. MSCI’s broadest index of Asia-Pacific shares outside Japan pulled back 0.1 percent, on track to end the week up 1.3 percent, its fourth straight weekly gain.
Trump dodges when asked whether associates had contact with…
President Donald Trump slammed The New York Times during a press conference on Thursday, claiming its story on contacts between his aides and Russian officials had been “discredited.” The Times reported earlier this week that intercepted phone calls showed that members of Trump’s campaign had multiple communications with senior Russian intelligence officials before the US election.
Managers at a $1 trillion asset manager say investors are…
Investors are focusing on upcoming European elections as risks, but the French outcome matters much more than what happens in Germany, the Netherlands, or Italy. Concerns about China’s economy and the Federal Reserve’s interest-rate decisions were blamed for a stock market sell-off last year The UK’s decision to leave the European Union, and President Donald Trump’s win despite what the polls showed, humbled many people who were sure that the opposite outcomes would happen.
The FCC wants you to be able to listen to FM radio from your smartphone
Millions of Americans use their smartphones every day to stream music from services such as Pandora or Spotify. Others use mobile devices to access podcasts or radio shows.
Money isn’t everything, says SoFi’s Joanne Bradford; TSB chief Helen Rose recommends boldness
Evolution of design : Banks are helping customers build healthy financial habits by adding budgeting features in their apps. At Bank of America, these efforts are being driven by Michelle Moore , head of digital banking.
After acquiring 11 Stanwix, Chicago firm owns side-by-side skyscrapers Downtown
M&J Wilkow, as part of a joint venture with DRA Advisors, completed its acquisition Wednesday of 11 Stanwix St., a prominent 23-story office building that once housed Westinghouse Corp. Marty Sweeney, M&J Wilkow vice president, declined to disclose a sales price. The seller, Munich-based GLL Real Estate Partners, paid $66.6 million for the building in 2011.
TCPA: The Next Wave of Class Action Lawsuits Asserts Consumer’s …
Last year, we warned large and small companies about the proliferation of class action lawsuits brought by plaintiffs alleging violations of the New Jersey Truth-in-Consumer Contract, Warranty, and Notice Act , related to website terms and conditions. TCCWNA was an overlooked statute that the organized plaintiffs’ bar attempted to exploit in the form of broad class action lawsuits and claims.
America’s latest spectrum auction
MARKETS don’t simply emerge, but are created by the state, argued Karl Polanyi, an economist, in “The Great Transformation”. This is certainly true for radio spectrum, an intangible natural resource, which governments now regularly sell in auctions.
The Steady and Inexplicable Theft by the Federal Reserve and Its Violation of Mission
Once there was an emergency. Now there is not. There was a conflagration in the financial world eight years ago.
Many Investors Aren’t Just Playing Dumb; Tweeting Trump: Jim Cramer’s Best Blog
Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on: Click here for information on RealMoney , where you can see all the blogs, including Jim Cramer’s — and reader comments — in real time.
PepsiCo Revenue Rises 5% on Healthy Drink, Snack Demand
PepsiCo reported a better-than-expected quarterly profit, as the company benefited from its cost-cutting programs and higher demand for its healthier beverages and snacks in North America. PepsiCo and other processed-food companies are investing heavily to develop products to meet the changing tastes of consumers, who are increasingly seeking healthier options.
Pepsi Beats Profit Expectations, Boosted By Beverage Sales
PepsiCo Inc. reported Wednesday fourth-quarter earnings that slipped to $1.40 billion, or 97 cents a share, from $1.72 billion, or $1.17 a share, in the same period a year ago. Excluding non-recurring items, the beverage and snack giant’s adjusted earnings per share came to $1.20, beating the FactSet consensus of $1.16.
Group 1 Automotive Raises Quarterly Dividend By 4.3% To 24 Cents a Share
Group 1 Automotive Inc. said Wednesday it is raising its quarterly divided by 4.3% to 24 cents a share.