Day: March 10, 2017

The 10 Most Innovative Companies In Social Media 2017

Gone are the days of managing regularly updated Facebook profiles or Twitter accounts and calling it “social media.” Our very means of social connectivity have transformed in the last year, demanding that users and companies alike adapt to new platforms and ever-changing trends.

AT&T Outage Takes Down 911 Emergency Lines across the US

Millions of AT&T customers were left without 911 service for several hours last night. The outage appeared to have affected wireless customers across the country, with reports that customers were unable to reach emergency services in New York, Los Angeles, Washington D.C., Chicago, Miami, San Francisco and Seattle, among other areas.

AT&T Outage Takes Down 911 Lines

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Volkswagen to Plead Guilty on Friday in Emissions Case

Volkswagen is set to plead guilty on Friday to three felony counts in the Justice Department’s diesel emissions investigation, as the German automaker seeks to move past its cheating scandal. As part of a plea agreement with U.S. prosecutors announced in January, the company agreed to sweeping reforms, new audits and oversight by an independent monitor for three years after it admitting to installing secret software in vehicles to enable it to beat emissions tests over a six-year period.

China Shares End Flat Ahead of Next week’s Fed Meeting

China stocks ended flat on Friday, as initial excitement toward the country’s annual parliamentary meeting petered out and investors turned cautious ahead of a likely U.S. rate hike next week. The blue-chip CSI300 index was unchanged at 3,427.89, while the Shanghai Composite Index was down just 0.1 percent at 3,212.76 points.

BT Agrees to Split Off U.K. Network Unit Into Separate Entity

BT Group Plc agreed to legally split off its Openreach network division into a separate entity as demanded by Britain’s telecommunications regulator, a victory of sorts for the phone carrier’s rivals though not as complete a breakup as they had sought. Openreach will have its own staff, management, strategy and a “legal purpose to serve all of its customers equally,” the regulator, Ofcom, said in a statement Friday.

Singapore Eases Seller Stamp Duties, Debt Ratio Rules

Singapore is easing some rules in the property market, reducing sellers’ stamp duties and changing some rules surrounding the debt-servicing ratio for some loans. The sellers’ stamp duty is currently payable by those who sell a residential property within four years of purchase, at rates of between 4 percent and 16 percent of the property’s value.

Hitachi Eyes U.S. Rail Expansion Amid Seismic Political Change

Hitachi Ltd. is aiming to expand its rail business in the U.S. by bidding for streetcar and light-rail projects as President Donald Trump pledges to spend as much as $1 trillion to upgrade infrastructure across the country. The Japanese conglomerate “sees quite a big opportunity” in the U.S., Alistair Dormer, chief executive officer of Hitachi Rail Europe Ltd., said in an interview in Tokyo Thursday.

Lukoil Offers Something Its Giant Rival Can’t: Rising Dividends

Investing in Russian oil has become a choice between cash or glory, and Lukoil PSJC looks like the richer side of the bet. Russia’s second-largest oil producer has watched as state-run rival Rosneft PJSC came to command the nation’s industry — first by winning control of Yukos’s best assets a decade ago, then the $54 billion acquisition of TNK-BP in 2013, and finally last year’s purchase of Bashneft PJSC.

FCC Commissioner Clyburn to speak at Columbia luncheon

Mignon Clyburn, commissioner of the Federal Communications Commission, is keynoting an event in Columbia on telecommunications options for low-income and minority businesses. The MBDA Business Center – Columbia says Clyburn is speaking on Friday at its 2017 Advocacy Awards Luncheon at the Columbia Metropolitan Convention Center.

Negative sentiment, dollar demand hit shilling

The shilling has come under significant pressure and has shed value against the dollar to trade at 3,591.63/3,601.63 buying and selling respectively at mid-day on 9th March 2017 from 3383.56/3393.56 at the end of September 2016, according to Bank of Uganda data. For every dollar, Ugandans must now fork out an extra sh209 in a space of just six months as the green buck keeps strengthening against the shilling.

Oil Rises Off 3-Month Low, But Glut Worries Remain

Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent. U.S. West Texas Intermediate crude was up 37 cents, or 0.8 percent, at $49.65 a barrel at 0604 GMT.

Nikkei Hits 15-Mth Closing High Ahead of U.S. Jobs Report

Japan’s Nikkei share average closed at its highest since December 2015 on Friday as exporters benefitted from the dollar hitting a six-week high against the yen, while investors waited for a U.S. jobs report that could pave the way for a rate hike as early as next week. The Nikkei added 1.5 percent to 19,604.61, the highest closing level since Dec. 7, 2015.

India washing machine launched with ‘curry’ button

Panasonic said the introduction of a ‘curry’ button followed complaints from customers struggling to fully get the food off their clothes, Panasonic said it planned similar machines for other Asian markets, tackling stains specific to those countries, but would not elaborate.

European Stocks Called Higher as Global Markets Await U.S. Employment Report

European stocks are expected to open higher Friday as investors follow on from a solid session in Asia and focus on the delayed employment report from the U.S. labor department. European stocks are expected to open higher Friday as investors follow on from a solid session in Asia and focus on the delayed employment report from the U.S. labor department later in the session.

EU Needs to Control Euro Clearing After Brexit, Lawmakers Say

European Union law should be changed to ensure that the clearing and supervision of euro-denominated derivatives trades is controlled by EU institutions after Brexit, lawmakers in the bloc’s parliament said. The majority of derivatives transactions are cleared by companies based in the U.K., including a “large number” denominated in euros, lawmakers in the assembly’s Economic and Monetary Affairs Committee said in a statement before the start of talks on Britain’s secession from the EU.