Dow Chemical Subsidiary Must Pay $456 Million Award to Bayer

A federal appeals court ruled that a Dow Chemical subsidiary must pay $456 million for violating a patent licensing agreement with Bayer AG , affirming a lower court ruling. Jim Cramer ponders what motivates someone to call a market top, and talks about how the market could be playing ‘The Price Is Wrong.’

Two Big Reasons Wall Street Is Ignoring Abercrombie’s Earnings Whiff

Abercrombie & Fitch just took the wraps off weak fourth-quarter and full-year 2016 results, but Wall Street, if not millennials, seem to be buying into what the company’s value-oriented Hollister division is selling. On Thursday, Abercrombie reported fourth quarter earnings of 71 cents a share on $1.04 billion in revenue, lower than estimates for earnings of 75 cents a share on $1.05 billion, according to analysts surveyed at Factset.

Rio Tinto Defers Former CEO Walsh’s Bonuses Amid Guinea Payment Probe

Walsh agreed to defer millions in payments pending the results of an inquiry into a potentially unlawful $10.5 million handed to a consultant on the Simandou iron ore project. Rio Tinto Group has deferred millions of dollars of bonuses due to retired CEO Sam Walsh while investigations continue into a potentially unlawful $10.5 million payment connected to the acquisition of mining rights during his period in charge.

Hastings, Grand Island, Kearney Area News

As per Federal Communications Commission Regulations following is certified: Platte River Radio Inc. does not discriminate in the sale of commercial time, and will not accept advertising which, in its sole opinion, is purchased with intent to discriminate unlawfully on the basis of race, gender, or ethnicity. The advertiser hereby certifies that its purchase of commercial time is not made for an unlawful discriminatory purpose, including specifically that it is not based upon a decision to place advertising on a station on the basis of race, gender, or ethnicity.

Schroders Sees Investors Resurface After Fourth-Quarter Outflows

Schroders Plc, Europe’s largest publicly-traded fund manager, said clients are starting to invest again this year after market uncertainty caused them to pull a net 2 billion pounds out of equity funds in the final quarter of 2016. Flows into the firm’s U.K. intermediary, U.S. and emerging-market debt businesses have all turned positive, according to Chief Executive Officer Peter Harrison.

Dog Nation’s Cesar Millan: I’m an Immigrant Success Story

It's a ruff business! Cesar Millan, the Dog Whisperer, talks pitfalls and success of building his brand Expert dog trainer, Cesar Millan (the Dog Whisperer) shares insight on his success, coming back from failure and his new show. Since beginning his career nearly three decades ago, Cesar Millan, aka the “Dog Whisperer,” has become the world’s leading voice in dog training and rehabilitation.

House sellers ‘should pay stamp duty’

Stamp duty should be a tax on property sellers, rather than buyers, to help those trying to buy their first home, a major UK building society has said. The Yorkshire Building Society said that nearly three-quarters of first-time buyers now paid the tax, compared with just over half in 2006.

Alibaba-Rival JD to Get $2.1 Billion In Finance Arm Spinoff

JD.com Inc. agreed to sell its finance arm for 14.3 billion yuan in cash while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. The sale and spinoff of JD Finance, a payments and investment business, will be completed by the middle of 2017, the Beijing-based company said Thursday without naming buyers or investors apart from Chief Executive Officer Richard Liu.

Verizon Cloud causes new data usage problems for some consumers

The issues are related to Verizon’s discontinuation of Backup Assistant, a service that allowed cellphone customers to automatically back up all of their contacts, along with their phone numbers and email addresses. That way, if their phone was lost or damaged, the contacts could be transferred to a new phone.

Kroger Stock Falls Following Earnings Release

Shares of grocer Kroger was falling 1.75% pre-market Thursday after the company’s fourth quarter same store sales fell 0.7%, wider than analysts’ expectations of 0.1%. The company reported earnings of 53 cents per share on revenue of $27.6 billion.

Boeing to Sue Denmark Following Failed Deal

Boeing will sue the country of Denmark over lack of access to documents used to make a decision to choose rival Lockheed Martin’s F-35 plane over Boeing’s F/A 18 Super Hornet. “Boeing has filed a lawsuit against the Ministry of Defence because the ministry has not responded to the request for access to the documents which are the foundation for the evaluation in the competition for the fighter jets,” Boeing said in statement.

Roche’s Perjeta Succeeds in Key Aphinity Breast Cancer Study

Roche Holding AG’s breast cancer medicine Perjeta succeeded in the drugmaker’s most hotly anticipated patient study, bolstering a franchise that could exceed $9 billion in sales by 2021. Patients who took Perjeta alongside chemotherapy and Roche’s own Herceptin drug after surgery for early breast cancer had a reduced risk of dying or seeing their breast tumors return than those on the older treatments alone, the Swiss drugmaker said in a statement Thursday.

Cobham Stock Rises Despite Announcing Second Cash Call Inside of A Year

The U.K. defense contractor has been hit by operational challenges and impairments relating to Boeing’s troubled KC-46 program Cobham shares rose Thursday despite the U.K. defense contractor’s plans for a second cash call to investors inside of a year. The British firm will raise A 500 million in a fully-underwritten cash call this month in order to bolster its balance sheet and reassure customers of its ability to deliver on its order book.

European Stocks Hold Modest Gains Ahead of Eurozone Inflation Data

European stocks edged higher in early Thursday trading but gains were limited ahead of key Eurozone inflation data and disappointing earnings from some of the region’s biggest companies. European stocks edged higher in early Thursday trading but gains were limited ahead of key inflation data from the European Commission and disappointing earnings from some of the region’s biggest companies.

This $1 Trillion Manager Is Paring NYC, London Property Bets

David Hunt, chief executive officer of Prudential Financial Inc.’s PGIM, said the $1 trillion asset manager is scaling back commercial real estate bets in some major markets where competition drove up property prices. “Whenever you see that kind of heating-up of demand, you have to scratch your head and say, ‘At what point does this become a little bit overblown?’ ” Hunt said Wednesday at a conference held by Citigroup Inc. “We have been selectively selling some of the big cities, so we’ve been a net seller of New York, of London, and of San Francisco.”

European Shares Steady

European shares steadied early on Thursday, pausing after a strong rally in the previous session, with strong earnings updates driving shares in Melrose Industries and Subsea 7. The pan-European STOXX 600 index was flat in percentage terms by 0826 GMT. Basic resources stocks were again the top gainers, up 1 percent, after a more than 2.9 percent rise on Wednesday.

China’s Didi Said to Weigh Raising Billions in Fresh Capital

Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, according to people familiar with the matter. Didi’s investors, numbering more than 100, are divided over whether more capital is needed now, said the people, asking not to be named because the matter is private.

Bill would use phone fund to pay for rural broadband

Reschke’s district is located in south central Oregon, which has comparatively low use rates when it comes to high-speed internet, according to a 2014 survey conducted by the state’s public utility commission. A bill before the Oregon Legislature would allow a fund currently dedicated to ensuring access to landline phone service in underserved areas to be used to provide access to high-speed internet.

China Shares Fall as Rally Loses Steam

China stock fell on Thursday, buyers retreated on speculation of a possible U.S. interest rate hike later this month and concerns liquidity could tighten as Beijing’s steps up its fight against leverage. The blue-chip CSI300 index fell 0.7 percent, to 3,435.10 points, while the Shanghai Composite Index lost 0.5 percent to 3,230.03 points.

Mobile Minutes: Twitter abuse; FCC attacks privacy; Snapchat experimentation; Snap IPO

The U.S. Federal Communications Commission on Wednesday blocked some Obama administration rules approved last year that would have subjected broadband providers to stricter scrutiny than websites, a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc . Gatorade’s Kenny Mitchell wasn’t totally sold on Snapchat advertising until he met Imran Khan, Snap Inc.’s chief strategy officer, in December of 2015.

Deutsche Telekom Takes $2.3 Billion BT Writedown, Posts Q4 Net Loss

Deutsche Telekom posted solid domestic earnings growth Thursday but a writedown of its stake in Britain’s BT offset improvements in its U.S. T-Mobile unit. Deutsche Telekom AG posted solid domestic earnings growth Thursday but a writedown of its stake in Britain’s BT Group plc offset improvements in its U.S. T-Mobile unit and pushed Europe’s biggest telco into a fourth quarter loss.

European Stocks Called Lower as Investors Pull Back From Record Highs

European stocks are likely to pullback from multi-year and record highs ahead of key inflation data from the Eurozone and debate over the pace of U.S. rate hikes. European stocks are likely to pullback from multi-year and record highs Thursday ahead of key inflation data from the Eurozone and renewed debate over the pace of interest rate hikes from the U.S. Federal Reserve.

Nikkei Hits 14-Month High as Wall Street Soars

Japan’s Nikkei share average hit a 14-month peak on Thursday as the yen weakened against the dollar on heightened expectations for the Federal Reserve to raise interest rates this month and after Wall Street soared to record highs. The Nikkei closed 0.9 percent higher at 19,564.80 after brushing 19,668.01, its highest since December 2015.

Pelosi Calls on Sessions to Quit After Post Discloses Russia Contacts

U.S. House Democratic leader Nancy Pelosi called on Attorney General Jeff Sessions to resign on Wednesday after the Washington Post reported he failed to disclose two meetings he had with Russia’s ambassador before Donald Trump was inaugurated as president. Citing Justice Department officials, the Post said Sessions spoke twice last year with Russia’s ambassador while he was still a U.S. senator.

Asia Higher, Dollar Supported by Rate Hike Bets

Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s less combative tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 percent, led by rebounds in Australian and Hong Kong shares.

Oil Down For 3rd Day on Record High Inventories

Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. Crude stockpiles in the United States, the world’s top oil consumer, rose by 1.5 million barrels last week, less than forecast, but touching a record at 520.2 million barrels after eight straight weekly builds.

Us FCC stays data security regulations for broadband providers

The U.S. Federal Communications Commission has halted new rules that would require high-speed internet providers to take ‘reasonable’ steps to protect customer data. In a 2-1 vote that went along party lines, the FCC voted Wednesday to stay temporarily one part of privacy rules passed in October that would give consumers the right to decide how their data is used and shared by broadband providers.

China’s New Bank Watchdog Vows to Crack Down on Shadow Lending

The new head of China’s banking regulator pledged to crack down on shadow lending by working more closely with other authorities and drafting rules to rein in risks stemming from the expansion of wealth-management products. “Banks, trusts, fund-management firms, brokerages and insurers all have asset-management operations, but because they have different regulators and are subject to different rules, there’s been some chaos,” Guo Shuqing said in Beijing at his first news briefing after being named chairman of the China Banking Regulatory Commission.