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Brookfield-led group to buy Westinghouse Electric for $4.6B US


Update: Brookfield Business Partners is the listed affiliate of Brookfield's private equity group. Westinghouse filed for bankruptcy last March after two nuclear power plants it had designed and was constructing in the U.S. Under the terms of the deal, Brookfield and partners will acquire substantially all of the global business of Westinghouse Electric Company and its affiliated debtors and debtors-in-possession. Read More »

Australia Set to Join Cannabis Export Market


After the announcement, shares in more than a dozen Australian cannabis producers listed on the local exchanged soared. Cann Group ended the day up 35 percent; AusCann Group rose almost 54 percent; and BOD Australia closed up about 39 percent. Read More »

World's safest, and least safe, airlines named in 2018 rankings


Aviation deaths around the world have been steadily falling in the past two decades. This was despite more flights being made than ever before. A series of safety audits and reports recently published by shows that some carriers are performing better than others in terms of safety , and two airlines based in the United Kingdom are considered the safest as the New Year begins. Read More »

FCC unveils final version of proposal to gut net neutrality


Federal Communications Commission Chairman Ajit Pai , who spearheaded the agency's recent repeal of the net neutrality rules, has abruptly canceled a scheduled appearance at next week's Consumer Electronics Show . There is, however, another less likely route toward stopping the FCC's repeal of net neutrality. "Pai has attended CES in Las Vegas for the last five years, and this would have been his first appearance as chairman of the FCC", Business Insider notes. Read More »

What you need to know about Meltdown and Spectre


The vulnerability "allows normal user programs - from database applications to JavaScript in web browsers - to discern to some extent the layout or contents of protected kernel memory areas", The Register reported. Separately, Alibaba Group, owner of the South China Morning Post , said it would complete an update of its cloud computing systems next week to handle potential chip security issues. Read More »

N-Out now sells hot cocoa. Can California warm up to it?


A rep told the San Francisco Chronicle the drink will be a permanent item, although it did not appear on In-N-Out's online menu as of early Thursday. Its last new menu change was adding lemonade. The drink sticks to the fast-food joint's California roots, using cocoa powder from Ghirardelli Chocolate Co. Read More »

Sears continues to struggle, now will close another 100 stores


The company said it simply didn't make enough money and that it's trying to balance its brick and mortar stores with their online presence. Liquidation sales will begin as early as January 12. Sears will be closing 100 stores with liquidation sales beginning next week. Sears Holdings will close 64 Kmarts and 39 Sears across the nation. In 2017, there were 250 other store closings announced. Read More »

Latte levy: Coffee cups could be banned by 2023


Disposable cups can not be recycled by the normal systems because they are made from cardboard with a tightly bonded polyethylene liner, which is hard to remove, and means they are not accepted by paper mills. And, the committee wants further producer responsibility by introducing a compliance fee structure that reduces the cost of recyclable and sustainable cups, and raises costs on cups that are hard and costly to recycle. Read More »

AT&T to Launch 5G Service This Year


It's probable both Verizon and T-Mobile may have something to say in regards to AT&T's cases of being the first to offer mobile 5G in the U.S. The much-awaited network will support the speed, reliability and bandwidth that's needed for popular and emerging technologies, from smartphones to virtual reality and self-driving cars. Read More »

BlackBerry and Baidu announce connected/autonomous vehicle partnership


The Apollo system is a key part of Baidu's plans for developing driverless cars with Chinese automobile makers such as Chery Automobile, the FAW Group, Changan Automobile and Great Wall Motors. Although the deal is aimed at supporting automotive OEMs worldwide, China in particular is expected to be a major market for advanced and autonomous driving features. Read More »

Ajit Pai's appearance at CES 2018 canceled over death threats


However, two unnamed agency sources told Recode that Pai canceled his appearance after receiving death threats. Pai, who championed a controversial proposal approved in December to reverse the Obama administration's net neutrality rules, has been the target of death threats in social media postings and harassing signs have been posted near his home. Read More »

Tesla says its Model 3 production nightmare is almost over


Tesla produced just 2,425 Model 3s in the quarter. Should investors be running for the hills on a slow-to-roll Model 3 ramp? The company said it has made "major progress" toward eliminating Model 3 production bottlenecks . "Looks like we can reach 20,000 Model 3 cars per month in Dec", Musk tweeted back in January. In 2017, the organization had said it meant to achieve a generation rate of 5,000 autos every week for the Model 3, however later modified back that objective to the ... Read More »

JC Penney improve holiday sales 3.4 percent


They include locations in Florida, California, Indiana, Michigan, Ohio and Vermont. "While closing a store is always a hard decision because of the impact on our customers, our associates and the community, Macy's is delighted to have served this community over the years", the company said in a statement. Read More »

Apple Acquires Vancouver Startup Buddybuild


Buddybuild will wind down its Android app development features by March . With every code change, buddybuild can kick off a new build and run any tests for your app. The remaining roster of existing customers is an impressive one, including Mozilla, Hootsuite, Reddit, SoundCloud, FourSquare and The New York Times . Read More »

Soon, donate funds to political parties using electoral bonds


Finance Minister Arun Jaitley , in a statement in Lok Sabha , said electoral bonds can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore. The Electoral bonds will not carry the name of payee or buyer. "Every political party will file before Election Commission in its return how much money has come through electoral bonds", he said. Read More »

Walt Disney (DIS) Upgraded to "Buy" at Vetr

The Diamond Hill Capital Management Inc holds 2.39 million shares with $235.81 million value, up from 2.37 million last quarter. Walt Disney's dividend payout ratio (DPR) is 29.53%. Bancorporation Of America De has invested 0.28% in The Walt Disney Company (NYSE: DIS ). Welch Gp Lc reported 0.04% stake. Assetmark holds 4,405 shares. Read More »

Lottery ticket worth $560000 sold in Coopersburg


It is the 12th time the Euromillions jackpot has been won in Ireland - and the third jackpot in 2017. Miriam Donohoe told RTÉ's Morning Ireland: "We would love to hear from them". In the 2016-17 fiscal year, the lottery paid out $59.8 million to players in Lehigh County and contributed $26.9 million "to programs serving the county's older residents", the lottery said. Read More »

Gas prices rise 9 cents per gallon in a week


More than 80% (41) of the 50 states experienced gas price increases last week. According to GasBuddy historical data, gasoline prices on January 2 in Sacramento have ranged widely over the last five years: $2.61/g in 2017, $2.57/g in 2016, $2.53/g in 2015, $3.54/g in 2014 and $3.46/g in 2013. Read More »

Hedge Funds Now Own 72.1% Of Barrick Gold Corporation (ABX)

Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Nasdaq, Inc. (NASDAQ:NDAQ) has risen 6.98% since January 2, 2017 and is uptrending. Edgar Lomax Va reported 0.79% in McDonald's Corporation (NYSE:MCD). To find out the technical position of FNSR, it holds price to book ratio of 1.42 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. Read More »

Valeant Pharmaceuticals Intl (VRX) Earns Daily News Sentiment Score of 0.18

The firm earned "Buy" rating on Wednesday, March 16 by Rodman & Renshaw. On Friday, many shareholders opted to pocket some of their gains, especially in technology stocks, which led the market with a gain of 36.9 per cent. It dived, as 8 investors sold HBIO shares while 15 reduced holdings. Dimensional Fund Advisors LP raised its stake in shares of Valeant Pharmaceuticals Intl by 327.6% in the 3rd quarter. Read More »

SBI nets ₹1772 cr. via insufficient balance


The finance ministry data showed the bank charged Rs 1,771.67 crore from customers on account of non-maintenance of minimum average balance between April and November 2017. In August 2017, data on the SBI posting a three-fold jump in its Q1 profit (April-June, 2017), came through, which was received enthusiastically by observers. Read More »

Vetr Upgrades QUALCOMM (QCOM) to "Strong-Buy"

BlackRock Institutional Trust Company N.A. now owns 39,745,533 shares of the wireless technology company's stock worth $2,722,569,000 after buying an additional 780,682 shares in the last quarter. The rating was initiated by Jefferies on Tuesday, December 12 with "Hold". Also, EVP Alexander H. Rogers sold 874 shares of the firm's stock in a transaction that occurred on Monday, November 27th. Read More »

KeyCorp Comments on Whiting Petroleum Corp's Q4 2017 Earnings (WLL)

Connor Clark & Lunn Invest Ltd reported 2.77M shares. Whiting Petroleum Corporation has $50 highest and $3.5 lowest target. It has underperformed by 37.57% the S&P500. Bluecrest Capital Mgmt Limited holds 115,000 shares. Glendon Capital Management Lp, which manages about $947.63M and $430.48M US Long portfolio, decreased its stake in American Airls Group Inc (NASDAQ:AAL) by 15,789 shares to 70,962 shares, valued at $3.37 million in 2017Q3, according to the filing. Read More »

Airtel Takes on Jio With Updated Rs. 799 Pack


To recall, Bharti Airtel launched the Rs 799 plan past year. After Reliance Jio unveiled its Happy New Year offer last week telcos have also followed suit. While, although Airtel claims to offer "unlimited" calls - but this isn't quite literally. So, the only revision that the telecom operator made to the plan is in the data offering segment. Read More »

BP to benefit from U.S. tax reform after one-off charge


The charge, which won't affect the company's cash flow, highlights the wide-ranging impact of changes to the American tax code enacted by Congress and signed by President Donald Trump late previous year. Estimate the exact impact is hard as it is "subject to a number of complex provisions in the legislation which BP is reviewing", the company said. However, in the short term, BP said the tax changes would change the value of its deferred-tax assets. Read More »

The safest year on record for air passengers


This was despite more flights being made than ever before. "Whilst the safety levels of modern civil passenger airplanes remain high, the extraordinarily low accident rate this year must be seen as a case of good fortune", the consulting company said in its review. Read More »

Six dead after seaplane crash north of Sydney


Six people including the pilot were on board the plane when it crashed off Jerusalem Bay near Cowan, north of Sydney , at around 3.10pm (4.10am GMT) on Sunday, police said. Prime Minister Malcolm Turnbull said he lost his father in a small plane crash and called yesterday's incident "a tragic accident". "Staff are ready to provide consular assistance". Read More »

Apple apologizes for slowing iPhone, drops battery prices


Past year we released a feature for iPhone 6, iPhone 6s and iPhone SE to smooth out the instantaneous peaks only when needed to prevent the device from unexpectedly shutting down during these conditions. The $29 price will last at least through December 2018. With current lawsuits going forward, Apple will have to work hard to win back former users. Read More »

Traders Purchase Large Volume of Range Resources Put Options (NYSE:RRC)

The Wellington Shields Capital Management Llc holds 87,805 shares with $1.72 million value, up from 19,502 last quarter. On Tuesday, August 15 Koum Jan sold $502.59M worth of Facebook, Inc. Walleye Trading Ltd reported 0.02% stake. (NASDAQ:FB). Kbc Group Nv holds 1.31% of its portfolio in Facebook, Inc. Since August 11, 2017, it had 0 insider buys, and 2 insider sales for $5.06 million activity. Read More »

Serena Williams Drops Comeback Match, Found It 'Super Incredibly Hard'


Williams said after the 67-minute match at the Mubadala World Tennis Championship that she is still undecided on her title defence of the Australian Open , which starts January 15, but delivered a warning to rivals. Williams is entered in the Australian Open but only time will tell if she will be in the draw at the first major of the season. Her last match was the Australian Open final, which she won despite being two-month pregnant. Read More »

California rings in the new year with broad legalization of marijuana


California adults not content to ring in the New Year with the traditional fizz of champagne can look forward to celebrating with the buzz of marijuana, purchased for the first time from state-licensed retailers of recreational pot. Many lined up before dawn to buy legal recreational marijuana. The most populous state in the USA now permits the sale of cannabis products to customers 21 and older. Read More »

Australia Manufacturing Growth Robust In December


Among components, production, stocks and supplier deliveries grew at an accelerated pace, while new orders, employment, exports and sales were slower, albeit still expanding in December. The country's manufacturing purchasing managers' index (PMI) came in at 51.6 in December, slightly decelerating from 51.8 in November, according to National Bureau of Statistics (NBS) data released Sunday. Read More »