Business

Business 13-digit SIM not for mobiles: DoT
Author: 0 13-digit SIM not for mobiles: DoT

The Department of Telecom (DoT) has issued a directive instructing all telecom operators in the country to start issuing 13-digit mobile numbers to M2M (machine-to-machine) customers, a news report said on Wednesday. Existing mobile numbers have 10 digit numbers. To end this speculation, Machine-to-Machine (M2M) number is meant for machines, the ones connected to the internet.

Business January Existing Home Sales: An Ominous Start to 2018
Author: 0 January Existing Home Sales: An Ominous Start to 2018

After decline in December, the sales were 4.8 percent lower than a year ago and at the slowest pace since last September's 5.37 million units. "The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the USA last month", he said.

Business Treasury yields pare climb after Fed minutes
Author: 0 Treasury yields pare climb after Fed minutes

Stocks peaked on January 26 before tumbling at the start of February, and longer-term government bond yields began to climb on the prospects of larger amounts of Treasury issuance. Japan's Nikkei trimmed earlier gains but held on to end the day 0.2 percent higher. But the greenback finally appeared to be benefiting from rising USA bond yields, especially as the Treasury Department issues more debt in anticipation of increased federal spending and a higher deficit from last year's tax overhaul.

Business Here come the Fed minutes
Author: 0 Here come the Fed minutes

Despite the expectations for an economic boost from the December tax cuts, the minutes stressed that the impact remains uncertain. Officials altered their statement to point to "further gradual increases", according to the record. "They judged that a gradual approach to raising the target range would sustain the economic expansion and balance the risks to the outlook for inflation and unemployment".

Business Jeff Bezos Shows Off His Latest Project: a 10000-Year Clock
Author: 0 Jeff Bezos Shows Off His Latest Project: a 10000-Year Clock

The clock is not created to keep track of seconds, minutes or hours, and will tick once a year for 10,000 years. To overcome this, he proposed a mechanical clock that would last 10,000 years. The clock even has a cuckoo bird that will come out each millennium. "It's going to be increasingly important over time for humanity to take a longer-term view of its future", he told The Wall Street Journal in 2012.

Business Guess co-founder steps aside after Kate Upton accuses him of misconduct
Author: 0 Guess co-founder steps aside after Kate Upton accuses him of misconduct

A special board with two independent directors have been appointed to look into the matter. Marciano has denied Upton's allegations but has agreed to step down from the company pending completion of an investigation. The comments come several weeks after the super model accused Marciano of sexually and emotionally harassing her as a young model. The special board committee also retained Glaser Weil LLP.

Business Japan wants U.S. to explain F-16 jettisoning fuel tanks
Author: 0 Japan wants U.S. to explain F-16 jettisoning fuel tanks

Tohoku town Mayor Koji Ebina made the request during a meeting with Col. R. Scott Jobe, commander of the US base, after the F-16 jettisoned its two external fuel tanks into Lake Ogawara in Aomori Prefecture. Meanwhile, officials from the base visited Lake Ogawara, where the jet offloaded the fuel tanks in the morning. The dumping of the fuel tanks is one of the standard procedures in response to an engine fire to ensure the tanks, themselves loaded with fuel, don't explode.

Business JPMorgan Chase to build a new headquarters in New York City
Author: 0 JPMorgan Chase to build a new headquarters in New York City

JPMorgan has revealed plans to build a new global headquarters in NY, with chairman and chief executive Jamie Dimon claiming the move marks the United States bank "recommitting" to the city. The rezoning of a large swath of Midtown around the Grand Central train station will allow JPMorgan to buy development rights from nearby landmarks and build a larger building.

Business Uber rolls out cheaper Express Pool service that rivals buses
Author: 0 Uber rolls out cheaper Express Pool service that rivals buses

And, as of Wednesday, it's officially adding a new service to its roster that'll cater to people who don't want to spend a lot of money: a low-priced carpool service called Express Pool . It's hard to argue with the convenience of Uber. The point is to save drivers and riders time by eliminating the lengthy, loopy bits of shared rides, those runs around the block to grab a fellow pooler from wherever they're standing when they tap on the app.

Business IShares US Healthcare (IYH) Rises 0.72% for Feb 19
Author: 0 IShares US Healthcare (IYH) Rises 0.72% for Feb 19

After a recent check, the 14-day RSI is now at 48.81, the 7-day stands at 52.72, and the 3-day is sitting at 69.98. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. Factset Research Systems Inc (FDS)'s Williams %R presently stands at -80.12. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold.

Business Wayfair Inc. (W), Applied Materials, Inc. (AMAT)
Author: 0 Wayfair Inc. (W), Applied Materials, Inc. (AMAT)

Therefore 100% are positive. Meanwhile the average analyst price target of $70 suggests the stock has an upside potential of just over 35% from the current share price for the next 12 months. State of Wisconsin Investment Board cut its stake in shares of Applied Materials, Inc . Kistler reported 1,135 shares. Pacad Invest Ltd stated it has 0.26% in Applied Materials, Inc .

Business AT&T 5G rollout starts in these three cities
Author: 0 AT&T 5G rollout starts in these three cities

The three cities are part of a dozen markets that are supposed to get 5G from AT&T this year. AT&T's milestone is only a milestone if you understand the debate surrounding what constitutes "real" 5G. AT&T's equipment might be ready to send out 5G signals but until 5G-capable phones , computers, and networking products come out, those will be lost on all but the companies who can afford 5G receivers.

Author: 0 Dollar extends recovery from three-year lows as yields rise

Shares of the world's biggest brick-and-mortar retailer Walmart slumped more than 9 percent after the company reported a lower-than-expected profit and a sharp drop in online sales growth during the holiday period. Tuesday's short-dated government supply had a mixed reception among investors and dealers. Concerns about an expected surge in federal borrowing have escalated after a major tax overhaul late previous year which is estimated to add up $1.5 trillion to government indebtedness.

Business Walmart Gives Disappointing Outlook As E-Commerce Growth Flags
Author: 0 Walmart Gives Disappointing Outlook As E-Commerce Growth Flags

Comp rose 2.4%, with traffic up 4.3% but average ticket down 1.9%. In spite of some operational issues, which also eroded growth, a 23% uplift demonstrates that Walmart still has momentum in e-commerce - a contention supported by the company's forecast of 40% growth in the upcoming quarter.

Business NZ's a2 Milk links up with Fonterra for supply, distribution
Author: 0 NZ's a2 Milk links up with Fonterra for supply, distribution

The Australian arm of Fonterra will set up an A2 milk pool to service its nutritional product range which is produced from its Darnum factory in Gippsland. "The arrangements expand A2 Milk's ability to build its business in new priority markets and beyond, providing exciting growth initiatives". With the partnership and under the Nutritional Products Manufacturing and Supply Agreement (NPMSA), Fonterra will begin conversations with its network of 10,000 farmers to source an A2 milk pool ...

Business People of karnataka are seeking change in the govt: Amit Shah
Author: 0 People of karnataka are seeking change in the govt: Amit Shah

Amit Shah is now on a coastal tour in Karnataka. Among other things, he called the government the most corrupted. During his three-day tour, Shah would cover the districts of Dakshina Kannada and Uttara Kannada, where the party has a strong presence, and is trying to further consolidate its vote base.

Business BHP blames USA corporate tax cuts for profit slide
Author: 0 BHP blames USA corporate tax cuts for profit slide

It has outperformed by 9.38% the S&P500. Nelson Obus increased its stake in Libbey Inc (LBY) by 170.05% based on its latest 2017Q3 regulatory filing with the SEC. The stock of BHP Billiton Limited (NYSE:BHP) earned "Buy" rating by CLSA on Friday, April 7. It is expected the U.S. tax changes will, however, benefit the company's operations in the country in the future, as the corporate rate has been cut from 35 per cent to 21 per cent moving forward.

Business Lloyds bumper profits deliver £1bn bonanza for shareholders
Author: 0 Lloyds bumper profits deliver £1bn bonanza for shareholders

Underlining the bank's growing recovery in a "resilient" British economy despite Brexit , LBG added that it planned to return up to £1.0 billion to investors in a share buyback. Market watchers have speculated that the turnaround specialist could seek a more challenging role in a bank with a more worldwide presence and bigger commercial ambition, now that UK-focused Lloyds has been rebuilt and returned to private ownership.

Business British police urge customers to stop calling over 'KFC crisis'
Author: 0 British police urge customers to stop calling over 'KFC crisis'

KFC said it's working with new logistical partner Deutsche Post AG to solve a problem that began over the weekend, leaving only 430 British shops with any chicken to cook as of Tuesday (February 20). "We know that this might have inconvenienced some of you over the last few days, and disappointed you when you wanted your fried chicken fix - we're really sorry about that", KFC said.

Business S&P, Dow falter after six days of gains as Walmart weighs
Author: 0 S&P, Dow falter after six days of gains as Walmart weighs

Wall Street stocks dropped on Tuesday, with retailers falling especially hard following disappointing results from Dow-member Walmart . Walmart has aggressively cut prices and plans to double the number of stores where groceries can be ordered online and picked up curbside, to 2,000 locations this year.

Business SpaceX Next Falcon 9 Rocket Launch to Feb 21, 2018
Author: 0 SpaceX Next Falcon 9 Rocket Launch to Feb 21, 2018

Mr. Steven is a new net equipped drone ship in the SpaceX fleet, and his job will be catching the rocket fairing after each launch. The launch window is instantaneous, which means that if the Falcon 9 can't get off the ground right on time, SpaceX will have to scrub for the day.

Business RIL plans Rs 60k-cr digitial industrial area in Maharashtra
Author: 0 RIL plans Rs 60k-cr digitial industrial area in Maharashtra

We have marched towards a direction where the state is policy-driven, governance is performance-driven and the government is accountable, " he noted. "Our budget is not limited to an outlay, the focus of our budget is not limited to output, but is the outcome".

Business No more diesels from Porsche
Author: 0 No more diesels from Porsche

As a result, the automaker has reportedly phased out the Macan S Diesel and the Panamera 4S Diesel. The diesel-engined versions of the Panamera grand tourer and the Porsche Macan have already been withdrawn from sale. In addition, the demand for Porsche diesel models is falling, whereas interest in hybrid models has risen dramatically. In Australia, the scandal has so far only affected about 2100 Porsche Cayenne Diesel models.

Business World's tallest wooden skyscraper planned in Tokyo
Author: 0 World's tallest wooden skyscraper planned in Tokyo

Wooden skyscrapers can be found across the globe, from an 18-storey office building in Minneapolis made from timber to a 53m-high block of student flats in Vancouver that now holds the title of world's tallest wooden skyscraper. Speaking about the ambitious plans, the company behind the project said in a press release: "Under this concept, greenery on the earth will contribute to buildings and cities, making over cities as forests".

Business PNB Going Public On Money Owed Has Jeopardised Its Recovery: Nirav Modi
Author: 0 PNB Going Public On Money Owed Has Jeopardised Its Recovery: Nirav Modi

It can be noted that PNB , the second largest state-run bank, had on February 14 informed the exchanges of detecting $1.77 billion fraud at its Brady House branch in Horniman Circle area of south Mumbai and named the firms led by Nirav Modi and his uncle Mehul Choksi's Gitanjali Group and some other diamond and jewelry merchants as suspects.

Author: 0 SL Green Realty (SLG) Given Media Sentiment Rating of 0.22

Following shares of Pinnacle West Capital Corporation (NYSE:PNW), we can see that the average consensus target price based on contributing analysts is now $83.71. BMO Capital Markets maintained the shares of KRC in report on Tuesday, January 9 with "Buy" rating. Vetr raised Realty Income from a "hold" rating to a "buy" rating and set a $58.60 target price for the company in a report on Monday, November 20th.

Business Trump, Schiff Finally Agree on One Thing: Obama Dropped Russia Ball
Author: 0 Trump, Schiff Finally Agree on One Thing: Obama Dropped Russia Ball

The first is that Mueller makes clear that Trump campaign involvement with the Russians was "unwitting". "But he's dug the trench in the wrong place", Allen said. Near the top of his to-do list must be this country's relationship with Russian Federation and making it unequivocally clear to Putin that no amount of interference in our democracy will be tolerated.

Author: 0 Cooper Tire & Rubber (CTB) Trading Down 6% on Disappointing Earnings

Riverhead Capital Management LLC now owns 4,029 shares of the company's stock valued at $145,000 after buying an additional 1,729 shares in the last quarter. (NYSE:ALK). Alliancebernstein Ltd Partnership has 0.01% invested in Alaska Air Group, Inc. Glenmede Na owns 0% invested in Rogers Corporation (NYSE:ROG) for 440 shares.

Business Singapore confirms carbon tax from 2019
Author: 0 Singapore confirms carbon tax from 2019

He said the government needed the GST increase, as there was still a gap even after it had explored various options to manage its future expenditures, such as via prudent spending, saving and borrowing for infrastructure. Singapore introduced a GST in 1994, with a 3 percent rate. Lower- and middle-income households will receive more support. Local consumers also do not pay GST when they download apps and music from overseas.

Business US Postal worker killed in shooting on Dallas highway
Author: 0 US Postal worker killed in shooting on Dallas highway

All of the eastbound lanes of I-30 and the EB I-30 ramp to southbound I-35 have been closed. According to the USPS website , the organization offers a reward for the unlawful killing of any officer or employee of the Postal Service while engaged in or on account of the performance of his or her official duties.

Business Jason Smith: I Guarantee The Jets Get Kirk Cousins
Author: 0 Jason Smith: I Guarantee The Jets Get Kirk Cousins

Quarterback Kirk Cousins #8 of the Washington Redskins and wide receiver Bennie Fowler #16 of the Denver Broncos shake hands after the Redskins defeated the Broncos 27-11 at FedExField on December 24, 2017 in Landover, Maryland. And as long as Washington is unable to deal him, the Redskins are handicapped in free agency because they'd still be on the hook for the $34.5 million for Cousins.

Business Home Depot's Impressive Fiscal 2017 in 5 Metrics
Author: 0 Home Depot's Impressive Fiscal 2017 in 5 Metrics

Telsey Advisory Group boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company an "outperform" rating in a research note on Monday, December 4th. Hart, III holds 3,550,220 (0.30% of shares outstanding) and Robert L. Nardelli holds 2,922,909 (0.25% of shares outstanding). On 12/8/2017 Matt Carey, EVP, sold 41,396 with an average share price of $183.03 per share and the total transaction amounting to $7,576,709.88.

Business Barnaby Joyce loses support of WA Nationals, says state leader Mia Davies
Author: 0 Barnaby Joyce loses support of WA Nationals, says state leader Mia Davies

It's an indictment of Barnaby's sleaze, questionable ethics and integrity as a leader. "I don't think there is". "I have today contacted Barnaby Joyce to inform him he no longer has the support of the Parliamentary National Party of Western Australia as the Leader of the Federal National Party ", Western Australia state leader Mia Davies said in a statement.

Business Education Realty Trust Inc. (NASDAQ:EDR) To Report Earnings
Author: 0 Education Realty Trust Inc. (NASDAQ:EDR) To Report Earnings

Heading into the stock price potential, PTC Therapeutics, Inc.by far traveled -12.24% after crossing its median price target of $21. The stock increased 0.63% or $0.18 during the last trading session, reaching $28.96. Group invested in 323,264 shares. Burney reported 157,002 shares stake. 7,337 were accumulated by Glg Limited Liability. Baystate Wealth Mngmt invested in 130 shares.

Business CFOs for Patrick Brown-linked PC riding associations resign
Author: 0 CFOs for Patrick Brown-linked PC riding associations resign

The accused had said Brown had forced on her when she visited the then PC leader's bedroom. Brown resigned as party leader at the end of January amid allegations of sexual misconduct. "I haven't seen a leader come up north 30 times in two-and-a-half years and show the attention he understands the north to have", he told CBC News by phone Monday.

Business Germany share gold medal with Canada in two-man bobsleigh
Author: 0 Germany share gold medal with Canada in two-man bobsleigh

Oskars Melbardis piloted his Latvian sled to bronze with brakeman Janis Strenga. Germany have now won eight gold medals in the two-man bobsleigh since 1928 , Kripps's first Olympic gold gave Canada only its second victory in the two-man competition since Lueders's win in Nagano 20 years ago.

Business Don't fall for this tax scam
Author: 0 Don't fall for this tax scam

You can read the official press release regarding the scam on the official IRS website here. William Pappas is a partner at Pappas and Bitounis CPAs LLC in North Olmsted. Repaying an erroneous refund in this manner may result in interest due the IRS. "The actual, real , true taxpayer, or the identity theft victim, contacted the IRS saying they received a refund they were not expecting, or they hadn't filed yet".

Business Israel has Reached a Historic Deal on Egypt's Natural Gas Supply
Author: 0 Israel has Reached a Historic Deal on Egypt's Natural Gas Supply

Cyprus's energy minister said Tuesday the country is close to an agreement to sell natural gas to Egypt from its Aphrodite field. Massive controversy and outrage surfaced in Egypt's political and social media arenas on Monday in the wake of reports of two 10-year agreements between Israeli and Egyptian gas companies that will allow Israel to export natural gas to Egypt in a $15 billion deal .

Author: 0 Wal-Mart's Q4 earnings miss overshadows progress made in fight against Amazon

Wal now has $310.40 billion valuation. With regards to revenues Walmart is expected to increase sales from last year to reach a figure of $134.9 billion compared to last year's $130.9 billion per the FactSet consensus. Maple Mgmt has 6,344 shares for 0.25% of their portfolio. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. Opus Invest Mngmt, a Massachusetts-based fund reported 47,000 shares.

Business Rite Aid Shares Given Boost as Albertsons Eyes Chain
Author: 0 Rite Aid Shares Given Boost as Albertsons Eyes Chain

The combined company expects to operate approximately 4,900 locations, 4,350 pharmacy counters, and 329 clinics around 38 states and Washington, D.C. They anticipate revenues of $83 billion in 2018 , according to a joint statement. The company has a market capitalization of $2,270.00, a price-to-earnings ratio of 19.36 and a beta of 1.76. Moreover, Nadler Grp Inc has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 11,000 shares.

Business Qualcomm raises bid to acquire NXP Semiconductors to $44 billion
Author: 0 Qualcomm raises bid to acquire NXP Semiconductors to $44 billion

It has outperformed by 7.97% the S&P500. Dan Sobol decreased its stake in Cyrusone Inc (CONE) by 27.27% based on its latest 2017Q3 regulatory filing with the SEC. Guardian Capital Advisors Ltd Partnership holds 15,247 shares. Moreover, Asset Mgmt One Limited has 0.03% invested in CyrusOne Inc. Out of 2 Wall Street analysts rating Evolution Petroleum, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold".

Business Elon Musk gets Hyperloop digging permit in Washington, DC
Author: 0 Elon Musk gets Hyperloop digging permit in Washington, DC

It may be the start of bigger things to come, part of Musk's ambition to build an underground high-speed transportation system connecting NY to Philadelphia to Baltimore to Washington, D.C. "And it's going to be here". In December 2016, Elon Musk expressed his frustration and his solution for it with traffic on Twitter . It's not exactly permission to start boring underneath the the nation's capital, but it's a start.

Business Lucky Charms adds new unicorn marshmallow
Author: 0 Lucky Charms adds new unicorn marshmallow

It's the first substantial change to the cereal in roughly 10 years. The food makers General Mills have introduced Lucky Charms cereal brand around five decades back. Fans of Lucky Charms seem to be ecstatic over this announcement, taking to Twitter to express their overzealous excitement. In addition to great texture and delicious taste, Lucky Charms is made with whole grain as the first ingredient, fortified with 12 vitamins and minerals, and is a good source of calcium.

Business Gulliver exits HSBC with almost full scorecard
Author: 0 Gulliver exits HSBC with almost full scorecard

As Kate King reports, it was the last results report for CEO Stuart Gulliver , who steps down on Tuesday. HSBC's pre-tax profit for 2017 jumped 11 percent from the same period of 2016, fuelled by surging growth in Asia. But chairman Mark Tucker warned that while the bank was optimistic about the global economy in 2018, rising worldwide tensions and the threat of protectionism could be disruptive.

Business Yun Sung-bin Wins Gold in Men's Skeleton
Author: 0 Yun Sung-bin Wins Gold in Men's Skeleton

Alexa and Chris Knierim didn't make the podium in the pairs figure skating finals either. He took advantage of the opportunity, and finished with a score of 97.75, taking home his first gold medal since 2010. Canada had a similar journey, beating Russian Federation 5-0 and then Finland 4-1. In that round, the top seed will face the fourth seeded team. Meanwhile, it has won four Summer Olympic medals.