Finance


Samsung plans $18B of new investments in chip production Samsung plans $18B of new investments in chip production
- July 07, 2017

The previous quarterly operating profit record was 10.1 trillion won set in the third quarter of 2013. The company also estimates second-quarter Consolidated Sales of about 60 trillion won compared to 50.94 trillion won previous year. Analysts said Samsung is expected to continue to post strong earnings this year. Solid sales of the Galaxy S8 smartphone launched in April likely provided an additional boost, keeping the firm ahead of rival Apple Inc as the world's top smartphone maker. (more...)
PATH adjusting for Penn Station repairs PATH adjusting for Penn Station repairs
- July 07, 2017

So far, there are no reports of injuries, the FDNY said. Penn Station is the nation's busiest train station. Photos and video shared to social media showed several FDNY fire vehicles and emergency responders rushing to the scene. The derailment comes less than a week before extensive trackwork is to be done at Penn Station in a months-long project Gov. Cuomo said would be a "summer of hell" for commuters. (more...)
Seven protesters arrested outside of Baton Rouge Police headquarters Seven protesters arrested outside of Baton Rouge Police headquarters
- July 07, 2017

A group of roughly 30 people, including some members of the New Black Panther Party, were met by between 20 and 30 police officers who reportedly tasered and pepper sprayed them during the demonstration outside the Baton Rouge police headquarters. (more...)
So-called IOK assembly adopts GST resolution So-called IOK assembly adopts GST resolution
- July 07, 2017

The Core Group said though the Congress is not against the GST, but the way it was passed is unacceptable. The opposition party claimed it is a plot to trample the aspirations of the people by demolishing the state's special status. "The consumer, trader, and the industrialist will be benefitted by the GST". The Centre had to then emphasise to the state that its people will lose out as they will pay tax twice over instead of just one GST, making goods costlier to them, he said. (more...)
Nicky Hilton Is Reportedly Expecting Baby No. 2! Nicky Hilton Is Reportedly Expecting Baby No. 2!
- July 07, 2017

The over-the-moon couple excitedly chatted with friends about the upcoming addition in their lives during Princess Olympia and Prince Pavlos' joint 21st and 50th birthday party in the English countryside over the weekend. The baby is due in early 2018. Nicky, 33, was recently seen at Haute Couture Fashion Week in Paris, where she was covered her budding bump in a structured pink Valentino cocktail dress. (more...)
Sports Direct boss Mike Ashley tells court he is a 'power drinker' Sports Direct boss Mike Ashley tells court he is a 'power drinker'
- July 07, 2017

He told the court: "It was a fun evening - drinking at pace", he said. Mr Ashley disputes the claim and a judge is analysing evidence at a High Court trial in London. Mr Blue has told Mr Justice Leggatt how Mr Ashley vomited into a fireplace after a Sports Direct senior management meeting which was "effectively a pub lock-in". (more...)
Uber introduces tipping in Toronto, several other Canadian cities Uber introduces tipping in Toronto, several other Canadian cities
- July 07, 2017

Canadians can now tip their Uber driver, as long as they live in select cities in Ontario and Alberta. The company says tipping is being launched today in a number of cities in Ontario and Alberta and will be available in every US and Canadian city by the end of July 2017. (more...)
Wall Street Revisits Dish, Amazon Partnership On Wireless Opportunities, Internet Of Things Wall Street Revisits Dish, Amazon Partnership On Wireless Opportunities, Internet Of Things
- July 07, 2017

USA wireless company Sprint Corp was reportedly holding talks with peer T-Mobile US Inc, before putting those plans on ice to explore a wireless partnership with Charter Communications Inc and Comcast Corp. Prime subscribers. This particular tie-up could also provide Amazon with more control over the connectivity for its devices, the WSJ reports, adding that a partnership on wireless might improve Amazon's voice-assistant Alexa's technology. (more...)
Imports and exports hit record highs in latest sign of strengthening economy Imports and exports hit record highs in latest sign of strengthening economy
- July 07, 2017

In May, merchandise exports to South Korea were the highest on record, while shipments to Brazil were the strongest since October 2014. The trade deficit, the gap between USA imports and exports of goods and services, fell to $46.5 billion, falling $1.1 billion from the previous month, data released Thursday morning by the Commerce Department showed. (more...)
Fed Minutes: Balance Sheet Reduction Likely In Fed Minutes: Balance Sheet Reduction Likely In "Couple Of Months"
- July 07, 2017

The organisation's global shares index, however, reflected a relatively ambivalent global mood, rising less than 0.05 percent despite a handful of solid purchasing manager surveys in Europe. Fed policymakers were increasingly split on the outlook for inflation and how it might impact the future pace of interest rate rises, according to the minutes of the central bank's last policy meeting on June 13-14. (more...)
Liberty Interactive buying the rest of HSN in multi-billion-dollar deal Liberty Interactive buying the rest of HSN in multi-billion-dollar deal
- July 07, 2017

Finally, BidaskClub lowered Liberty Interactive Corporation from a "strong-buy" rating to a " buy" rating in a report on Wednesday, June 21st. Timothy Green has no position in any stocks mentioned. Shareholders in HSN will receive 1.65 shares ofQVC's Series A stock for each share of HSN. That would value HSN at US$40.36 a share, a 29 per cent premium to its closing price on Wednesday. (more...)
Jobs Market Getting Tighter, Says ADP Jobs Market Getting Tighter, Says ADP
- July 07, 2017

Goods-producing industries produced a net total of zero jobs last month, with manufacturing adding 6,000 jobs, but mining and construction shedding 4,000 and 2,000 jobs respectively. That is the longest stretch since 1970, reflecting the unemployment rate of 4.3 percent, the lowest in 16 years. That is the longest such stretch since 1970, when the labour market was smaller. (more...)
France to end sale of diesel, gasoline vehicles by 2040 France to end sale of diesel, gasoline vehicles by 2040
- July 07, 2017

He said: "The government will offer each French person a bonus to replace their diesel auto dating before 1997 or petrol from before 2001 by a new or second-hand vehicle ". France has Europe's second-largest vehicle industry. France's vehicle industry isn't badly placed for the transition to e-mobility: Renault's Zoe is the best-selling electric auto in Europe, and Renault also has a strategic partnership with Nissan, maker of the all-electric Leaf. (more...)
Honor 8 Pro at 29999 is a ideal OnePlus 5 competitor Honor 8 Pro at 29999 is a ideal OnePlus 5 competitor
- July 06, 2017

Huawei's mid-range device Honor 8 Pro lands in India after being released in Russian Federation and Europe in March and April respectively. Honor 8 Pro sports a 5.7-inch Quad HD LTPS 2.5D curved glass display with a resolution of 2560 x 1440 pixels. (more...)
Qatar Airways Says Electronics Ban In US-Bound Flights Lifted Qatar Airways Says Electronics Ban In US-Bound Flights Lifted
- July 06, 2017

Passengers flying to the USA from those airports can only take mobile phones into the aircraft cabin. The U.S. introduced the ban in March over concerns that devices could be used to smuggle explosives on board. Saudi Arabia was reportedly also looking to have the USA ban lifted and is in the process of improving security measures. The DHS said it wasn't in a position to confirm that. (more...)
The Coca-Cola Company (KO) has a Market value of 191.62 Billion The Coca-Cola Company (KO) has a Market value of 191.62 Billion
- July 06, 2017

The business is expected to issue its next earnings report on Wednesday, July 26th. On average, equities research analysts anticipate that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year. The price to earnings ratio for The Coca-Cola Company (NYSE:KO) is 30.778073. The stock of The Coca-Cola Co (NYSE:KO) has "Hold" rating given on Monday, August 31 by Vetr . (more...)
Chris Christie's Jersey Shore Sand Sculpture Goes Viral Chris Christie's Jersey Shore Sand Sculpture Goes Viral
- July 06, 2017

It was reported that Cub Scouts and their family members planning to camp at Cheesequake State Park in Matawan were forced to break camp and leave due to the shutdown. According to NJ.com, Marcio M. Blanch of West New York filed the complaint, saying Christie and his family do not enjoy "special privileges over the residents and citizens of the state of New Jersey" - and that using the beach when others couldn't was the governor acting otherwise. (more...)
NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Baird Financial Group Inc NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Baird Financial Group Inc
- July 06, 2017

Hm Payson & stated it has 0.01% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). The computer hardware maker reported $0.82 earnings per share (EPS ) for the quarter, beating analysts' consensus estimates of $0.66 by $0.16. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. They expect $1.61 earnings per share, up 18.38% or $0.25 from last year's $1.36 per share. (more...)
United Airlines apologizes after giving away toddler's seat United Airlines apologizes after giving away toddler's seat
- July 06, 2017

David Dao being bloodied and dragged out of a United flight from Chicago to Louisville . They both enjoyed separate seats for the first leg of the journey from Hawaii to Houston where they stopped for a layover. "I'm Asian", she told KHNL . Dao, who was selected at random after no one volunteered, reportedly broke his nose, had his two front teeth knocked out and suffered a concussion during the confrontation. (more...)
Honda and Hitachi announce joint venture to develop electric vehicles Honda and Hitachi announce joint venture to develop electric vehicles
- July 06, 2017

Finally, Raymond James Trust N.A. purchased a new position in shares of Honda Motor Company during the first quarter valued at $207,000. We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, institutional ownership, risk, profitabiliy and earnings. (more...)