Economy

Sempra to Gain Control of Largest Texas Utility in $9.45 Billion Deal

Sempra to Gain Control of Largest Texas Utility in $9.45 Billion Deal Under the terms of the deal, Sempra would pay $9.45 billion in cash and finance the deal with a combination of its own debt and equity, third-party equity and an expected $3 billion in investment-grade debt at the reorganized holding company. [Full Article...]

Taylor Swift returns to social media with cryptic snake video

Taylor Swift returns to social media with cryptic snake video Taylor's profile pictures have all been left blank, with just that snake taking over. In digging deeper, fans found out that "Timeless" was registered in her name, leading most to assume that "Timeless" will either be the name of the album, the first single, or possibly both. [Full Article...]

United States dollar mixed after data, Fed minutes

United States dollar mixed after data, Fed minutes The Fed is expected to report that industrial production rose 0.3 percent in July after rising 0.4 percent in June. While not "terribly unexpected", the minutes cast further doubts on whether Fed officials will raise interest rates again this year "because of their concern about the path that inflation was taking", said Donald Ellenberger, head of multisector strategies at Federated Investors.... [Full Article...]

Greencore Group plc's (GNC) Buy Rating Reaffirmed at Whitman Howard

Greencore Group plc's (GNC) Buy Rating Reaffirmed at Whitman Howard AKBA's SI was 2.09 million shares in August as released by FINRA. Shares for $24.08 million were sold by Lowrey Charles F on Monday, May 8. With 46,700 avg volume, 0 days are for Auxilio INC. Pnc Service Incorporated invested in 6,029 shares or 0% of the stock. 5,100 were reported by Prelude Mgmt. Renaissance holds 0.01% or 174,284 shares in its portfolio. [Full Article...]

JD(U) rift: Nitish-Sharad face-off likely at parallel meets

JD(U) rift: Nitish-Sharad face-off likely at parallel meets While the Nitish-led party at its meet is likely to adopt a resolution approving Nitish's decision to join the BJP-led NDA, Sharad faction's meet is expected to highlight how "Nitish insulted the mandate" given to the grand alliance in the 2015 assembly polls. [Full Article...]

Vishal Sikka resigns as Infosys CEO after rift with founders

Vishal Sikka resigns as Infosys CEO after rift with founders According to the statement sent by Infosys , "The Board understands and acknowledges Dr. Sikka's reasons for resignation, and regrets his decision". As the market came across the news of Sikka's resignation, the Infosys stock took a downward path and fell over 9 percent or 97 points to 924 level on the BSE. [Full Article...]

Amazon orders in two minutes or less now available in Atlanta

Amazon orders in two minutes or less now available in Atlanta How does it work? Instant Pickup Points is available in five college campuses for now, including University of California at Berkeley, Atlanta, Columbus, Ohio and College Park, Maryland. Amazon says that more cities will come online in the future, so if you live in or near a college town or major metropolitan center, keep an eye out for Instant Pickup launching in your area. [Full Article...]

Network Rail has warned of delays for the rest of today

Network Rail has warned of delays for the rest of today Three people had to be checked over by paramedics but did not need to go to hospital, London Ambulance Service confirmed. Numerous platforms at Waterloo are already closed as part of £800 million refurbishment to Britain's busiest railway station. [Full Article...]

Wall St set to open flat after inflation data, N.Korea tensions

Wall St set to open flat after inflation data, N.Korea tensions Biotechnology stocks are turning in some of the market's worst performances in morning trading, resulting in a 1.6% drop by the NYSE Arca Biotechnology Index. Brent crude, used to price worldwide oils, gained 56 cents to $52.70 in London. Trump was responding to North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S. [Full Article...]

Top earnings, North Korea concerns set the stage on Wall Street

Top earnings, North Korea concerns set the stage on Wall Street A weakness in the consumer discretionary, financials, and information technology sectors weighed on the market. "It is a market that is beginning to encounter some major threats and of course the threat is geopolitical", said Peter Cardillo, chief market economist at First Standard Financial. [Full Article...]

USA wholesale inflation falls in July on declining services costs

USA wholesale inflation falls in July on declining services costs US consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inflation that could persuade a cautious Federal Reserve to delay raising interest rates until December. [Full Article...]

Fired Google memo writer, draws derision, applaud, and offer from wikileaks

Fired Google memo writer, draws derision, applaud, and offer from wikileaks Despite the fact that his memo was created and shared internally a month ago, no one from the company's management warned him about possible repercussions of sharing it more widely, he said. There are "definite mixed feelings" inside the company, one employee said. In his memo, he said among other things women are unsuited to be good engineers because they're more interested in people than ideas... [Full Article...]

Stock Futures Lower as North Korea Threatens US in Guam

Stock Futures Lower as North Korea Threatens US in Guam In the United Kingdom, the stock of TV giant ITV was down 1.9 percent in early trading, and Sky shares were down 0.5 percent, while Germany's ProSiebenSat.1 fell 1.2 percent. The number of people quitting their jobs also dropped. The NFIB small business optimism index rose to 105.2 in July from 103.6 in June. FED WATCH: Investors looked ahead to an appearance Thursday by Bill Dudley, president o... [Full Article...]

Softbank CEO Masayoshi Son plans stake in Uber or Lyft

Softbank CEO Masayoshi Son plans stake in Uber or Lyft SoftBank also has a foothold in the United States market through its wireless unit Sprint Corp, which last week reported a quarterly profit for the first time in three years as a results of cost cutting efforts. Longer term "if all goes well Vision Fund should contribute several hundred billion yen in annual revenue", Son said. SoftBank has not released a forecast for the current business year e... [Full Article...]

Bank of England Carney: Market Rate-Hike Expectations Insufficient

Bank of England Carney: Market Rate-Hike Expectations Insufficient The slower inflation coupled with the bank's low growth expectations caused most analysts to agree that it was highly unlikely for the BoE to take a more hawkish tone on monetary policy in the foreseeable future. The Bank kept rates on hold at 0.25% as Britons suffer amid a tightening squeeze on incomes from soaring prices. "Low interest rates coupled with rising house prices have led to borro... [Full Article...]

Toyota, Mazda announce tie-up over electric vehicles, U.S. factory

Toyota, Mazda announce tie-up over electric vehicles, U.S. factory Volkswagen AG (VOWG_p.DE) opened the last new USA assembly plant in 2011 in Tennessee to build new cars after getting almost $600 million in tax incentives. The US plant will have the capacity to produce approximately 300,000 vehicles a year and create up to 4,000 jobs. At Toyota's new plant in Guanajuato, Mexico, which is now under construction, Toyota plans to produce the Tacoma, instead of ... [Full Article...]

'Pharma Bro' Shkreli trial verdict: Guilty on 3 counts of 8

'Pharma Bro' Shkreli trial verdict: Guilty on 3 counts of 8 He had been charged with securities fraud , conspiracy to commit securities fraud and conspiracy to commit wire fraud. He was widely criticized, and seemed to relish the attention; he continued his flamboyant trolling by livestreaming his activities, fighting on Twitter, harassing women , and aligning himself with the extreme Right . [Full Article...]

The USAF Bargain-Shopped Undelivered Jets From Russia For Air Force One

The USAF Bargain-Shopped Undelivered Jets From Russia For Air Force One The planes had initially been ordered in 2013 by Russian airline Transaero but the firm went bust in 2015. But the planes are going to cost quite a bit more than your average Boeing 747-8 - which has a sticker price of $386.8 million - since the USA military will need to outfit it with specific protections and capabilities for the President's use and protection. [Full Article...]

Apple shares up as iPhone 8 appears on track

Apple shares up as iPhone 8 appears on track Looking forward to the fourth quarter, Apple expects revenue between $49 billion and $52 billion. Apple stock popped 6% in after hours trading Tuesday following the earnings report , effectively adding almost $50 billion to its market cap. [Full Article...]

Teenager Jumps Out of Plane As it Lands

Teenager Jumps Out of Plane As it Lands The teen was a male US citizen, airport spokesman Doug Yakel told CBS in San Francisco . It's unclear what charges, if any, the teen might face. "We just landed and then I hear some people scream ... In his statement , Yakel mentioned that no other flights or runaways had been affected and the boy was not injured too. According to the passengers, the boy seemed too anxious and fidgety throug... [Full Article...]