Money

Kraft's Unilever Bid Faces Likely Scrutiny in Europe

Why is Kraft Heinz targeting Unilever at this juncture? It represents an 18% premium to the share price at close of business on 16 February and values Unilever's at $143bn (£115bn). In 2010, Kraft purchased United Kingdom chocolate company Cadbury. Unilever does not see the basis for any further discussions, ' the Anglo Dutch group said in a statement . Read More

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Verizon Communications Inc. (VZ) to Buy Yahoo! Inc. (YHOO) at Discount

Verizon Communications Inc. (VZ) to Buy Yahoo! Inc. (YHOO) at Discount

Verizon will savagely slash its acquisition offer for hacker-ransacked Yahoo! by, wait a minute, just 5.2 per cent, it is claimed. Even the higher estimates-Reuters reported the figure could be as much as $350 million-are pretty paltry. Verizon shares fell 0.7 percent to $47.96. The updated Verizon and Yahoo deal will reportedly be discounted by almost $300 million. Verizon hasn't closed its investigation of the breaches and declined to comment on the reports of a discounted Yahoo ... Read More

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China's exports and imports surge

China's exports and imports surge

China's exports in yuan-denominated terms rose 15.9 percent year on year to 1.26 trillion yuan (US$183 billion) last month, faster than the 0.6 percent gain in December. "The growing imports were also attributed to this year's Spring Festival, which arrived earlier than last year", said Xu Yang, an analyst at Sinolink Securities. Read More

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Oil sharply higher on OPEC compliance

Herman Wang , OPEC specialist at S&P Global Platts , told CNBC that while the Saudis are doing the most to make the cutback agreement a success, "how long Saudi Arabia is willing to shoulder the burden of these cuts if it proves some of their cohorts are not fully complying with the deal remains to be seen". Read More

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Singapore jet commitment 'major win' for Boeing

Announcing the commitment on February 9, Boeing said the order will be posted on the its Orders and Deliveries website once finalized. SIA has selected the 777X and additional 787-10s to expand its future widebody fleet . Shares of the airline rose 1.4 percent to S$9.94 on Thursday in Singapore trading before the announcement. Singapore Airlines already has more than 50 Boeing 777s in service. Read More

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Far-right's Le Pen suggests France could leave EU

Le Pen hopes to capitalise on the same rejection of mainstream politics that helped the Brexit camp win in Britain and swept Donald Trump to the U.S. Le Pen has already been a presidential candidate as she lost to Hollande in 2012. "I think the situation is bad these days", Le Pen said told Times of Israel in October. Read More

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State of emergency in Chapel Hill over water shortage

State of emergency in Chapel Hill over water shortage

All Orange Water and Sewer Authority operations were back to normal Sunday, OWASA said in an update. Hotels and restaurants can also re-open now, according to health officials. "We are investigating the fluoride overfeed and water line break, and will report to the OWASA Board of Directors and the community at a later date", OWASA said in the statement. Read More

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Army secretary directs Corps to proceed with easement for Dakota Access Pipeline

Army secretary directs Corps to proceed with easement for Dakota Access Pipeline

In his statement , Hoeven said various agencies are working to bring in more "federal law enforcement resources to support state and local law enforcement". In September, Tilsen was arrested and charged with a felony after chaining himself to pipeline construction equipment. Lawyers for the tribe said Mr Trump's action was done "hastily and irresponsibly", and they will pursue legal action. Read More

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Cost increases spark construction output slowdown

On the price front, input cost inflation climbed to its highest mark since August 2014, while output charges were raised for the eleventh successive month, IHS Markit report said. Although housebuilding remained the best performing category, the latest expansion was the weakest for five months. Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics , said it was worrying that manufacturers were increasingly reliant on domestic demand, which could fade away once price rises ... Read More

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Volkswagen passes Toyota to become world's biggest automaker

Volkswagen passes Toyota to become world's biggest automaker

This is the first time that Toyota has lost the crown since 2011, when the company was hit by supply chain disruptions caused by a massive natural disaster that led to a tsunami in Japan's north-eastern region. The German company's CEO Matthias Mueller recently said the firm would stop making volume leadership one of its chief goals. In Europe sales rose four percent. Read More

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GM to slash up to 600 jobs at CAMI plant, union says

The Ingersoll plant builds the Chevrolet Equinox and the GMC Terrain. Unifor has 2,800 workers now at the plant, and another 300 are non-union salaried positions. GM has been under pressure from President Trump about its Mexican plants. Trump has called NAFTA the worst trade deal the USA has ever signed. "Make in United States of America or pay big border tax!" The move comes as GM plans to invest one-billion dollars in its US plants, allowing it to add or keep thousands of jobs. Read More

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Bob Evans Selling Its Restaurants to Firm for $565 Million

CEO Saed Mohseni said in a statement that the transactions "are a major step in our strategic transformation that we believe will continue Bob Evans' history of success". Mohseni said the company's executive team, including Bob Evans Restaurants President John Fisher, will remain in place to oversee the transition and following the completion of the transaction. Read More

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Reporters See Changes Made To The Oval Office By Trump

Reports of the removal prompted protests from British figures including the United Kingdom foreign secretary, Boris Johnson, who in turn was criticised when he blamed the swap on Obama's "ancestral dislike of the British empire". A bust of the World War II leader has been in the president's home for decades, but Obama moved it from the Oval Office to the residence at the White House when he started his first term. Read More

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IEA revises upward its demand growth data for 2016

IEA revises upward its demand growth data for 2016

In the first week of January alone, oil output jumped by 176,000 barrels per day to 8.95 million barrels per day from 8.77 million, according to the U.S. In the meantime, the IEA said it had revised upwards its estimate for global oil demand growth in 2016 and now saw growth at 1.5 mbd, "with most of the revision contributed by stronger European demand". Read More

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Local women to march on state, nation's capitals

Local women to march on state, nation's capitals

We are non-partisan and will use the Women's March on Homer as a peaceful means to express our support for women's rights and human rights in our community and the country , rather than to criticize politicians or political parties. Kendy Altizer, a doctoral candidate in the department of anthropology at UT, is a member of the Knoxville chapter of the Women's March on Washington. Read More

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Tehran high-rise building collapses after fire

Local media had said that 30 people were injured by the initial fire before the building crumbled. Iran's state-run Press TV announced the fire fighter's deaths, without giving a source for the information. Several embassies are located near the building. -Rescue efforts continued Thursday afternoon in Iran, where one of the capital's landmark buildings collapsed earlier in the day as firefighters fought to put out a blaze. Read More

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Experimental Japanese Rocket Fails to Launch Tiny Satellite Into Orbit

Experimental Japanese Rocket Fails to Launch Tiny Satellite Into Orbit

Use of such a small rocket was meant to demonstrate the feasibility of Japan's mini-rocket and micro-satellite technology , which the country hopes to commercialize through private companies. It was created to place a satellite weighing up to 4 kg in orbit at an altitude of up to 2,000 km. The space agency added that the first and second stage separated as expected, but the ignition of the second stage was stopped. Read More

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SpaceX Edges Closer To Weekend Launch

SpaceX Edges Closer To Weekend Launch

The launch at the Vandenberg Air Force Base launch complex and the booster will hopefully land out to sea on one of the company's automated drone ships aptly named Just Read the Instructions. Those launches including cargo resupply flights to the International Space Station and the first liftoff of its Falcon Heavy rocket , which been repeatedly postponed over the course of four years. Read More

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Wells Fargo & Co (NYSE:WFC) & GlaxoSmithKline plc (ADR) (NYSE:GSK) News Review

Wells Fargo & Co (NYSE:WFC) & GlaxoSmithKline plc (ADR) (NYSE:GSK) News Review

Big bank shares rose following a slew of earnings reports . Moors And Cabot reported 43,831 shares or 0.32% of all its holdings. JPMorgan shares edged higher on the news, but BofA saw its price fall in premarket trading. "( WFC ) Win Back Its Credibility?" on January 11, 2017, also Forbes.com with their article: " Wells Fargo Reaches Analyst Target Price" published on January 11, 2017, Gurufocus.com published: "Waverton Investment Management Ltd Buys Wells Fargo & Co, US Bancorp, ... Read More

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Fiat Chrysler to invest $1 billion in US

Repurposing the Mexican factory would be "costly and uncertain". He cited that NAFTA regards both Mexico and Canada, where FCA has two plants that primarily make cars for the U.S. "Thank you Ford & Fiat C!" Ford's CEO cited demand , rather than the policies of President-elect Donald Trump , who has vowed to impose a "border tax" on companies that send jobs overseas. Read More

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US Senate to act on Obamacare repeal

US Senate to act on Obamacare repeal

They've told me about the cost of their premiums doubling, or even tripling, with deductibles so high they are practically paying for all of their own care. "We are going to use every tool at our disposal, through legislation and regulations, to bring replacement concurrently with repeal so we can save people from this mess", Ryan said. Read More

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Yahoo is not changing its name to Altaba in Verizon sale!

Yahoo is not changing its name to Altaba in Verizon sale!

Yahoo! Inc . has said it will be renamed Altaba Inc and chief executive Marissa Mayer will step down from the board following the closing of its merger deal with Verizon Communications Inc. It seems the new Altaba and soon-to-be Verizon-owned Yahoo are interested in starting fresh with new leaders at the helm. Verizon began exploring a lower price or a possible exit from its purchase agreement in the wake of the recent disclosure of one of the largest-scale data breaches reported to ... Read More

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Jack Ma Meets with Donald Trump Promises 1 Million Jobs

Jack Ma Meets with Donald Trump Promises 1 Million Jobs

Trump said that together with Ma, they will do great things for small businesses. "And Jack and I are going to do some great things ". In this context, Trump's embrace of a company that aims to help US exporters capitalize on America's trade relationship with China may be a source of comfort: Better for the president-elect to flip-flop on trade with the Chinese then to start a war over it. Read More

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SoftBank Gains After Apple Confirms $1 Billion Investment In Its Tech Fund

SoftBank Gains After Apple Confirms $1 Billion Investment In Its Tech Fund

The Tokyo-based company has lined up $10 billion to $15 billion in financing from Japanese banks to partly finance their share of the fund, with the rest coming from future asset disposals, the people said. Editor-at-large and co-founder at The Tech Portal. Japan yacht SoftBank participates on first day of Americas Cup race in ny harbour. Then, in December, several news outlets reported the company was in talks to chip in $1 billion to the cause. Read More

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