Finance


Qatar Airways CEO sorry for calling USA flight attendants 'grandmothers' Qatar Airways CEO sorry for calling USA flight attendants 'grandmothers'
- July 13, 2017

He had said "you are always being served by grandmothers" on USA airlines, adding that the average age of Qatar Airways cabin crews was 26. The Air Line Pilots Association similarly called out Al Baker for sinking "to a new low", and said that his "sexist and degrading remarks are an affront to our core values as a country, and he owes USA airline workers an apology". (more...)
Burberry Expects Lower Forex Hit As First-Quarter Sales Grow Burberry Expects Lower Forex Hit As First-Quarter Sales Grow
- July 13, 2017

The company was boosted by a strong performance in the mid-China market , with sales up to the mid-teens. The group also reported weakness in some areas in Continental Europe, including Italy, and a slowdown in U.S. LONDON-British luxury retailer Burberry Group PLC (BRBY.LN) said Wednesday it is on track to hit its cost savings targets as it reported higher first-quarter comparable sales and underlying revenue. (more...)
Mexico Discovers Important Oil Reserve in Gulf Mexico Discovers Important Oil Reserve in Gulf
- July 13, 2017

Initial estimates claim the deposit will yield between 1.4 and two billion barrels of crude oil, leading officials close to the discovery to deem it a "mega-find" not seen in the country since a 2000 discovery in the Gulf of Mexico. The preliminary analysis of Zama-1 indicated a contiguous gross oil bearing interval of more than 1,100 feet (335 meters), with 558-656 feet (170-200 meters) of net oil pay in Upper Miocene sandstones with no water contact. (more...)
Dick's Sporting Goods taps CMO amid leadership shakeup Dick's Sporting Goods taps CMO amid leadership shakeup
- July 13, 2017

The company's stock has a normal trading capacity of 627.12K shares while the relative volume is 1.54. Dick's Sporting Goods Inc (NYSE: DKS ) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday. (more...)
Pak army open fire along LoC, kill 2 soldiers Pak army open fire along LoC, kill 2 soldiers
- July 13, 2017

Two jawans were martyred after Pakistan Army resorted to unprovoked firing along the Line of Control (LoC) in Keran sector in north Kashmir's Kupwara district on Wednesday, reported Times Now . The Indian Army today killed three insurgents during a clash in the northern state of Jammu and Kashmir, a territory marked by separatist violence. (more...)
United Kingdom unemployment drops to 1.49m United Kingdom unemployment drops to 1.49m
- July 13, 2017

Accordingly, the stats revealed there were 32 million more people in work, 324,000 more than a year earlier. Inflation hit an nearly four-year high of 2.9 percent in May, official data showed last month, a bigger increase than economists had expected. (more...)
FAA investigates why jet almost landed on other planes FAA investigates why jet almost landed on other planes
- July 13, 2017

A top California state official said Wednesday he was a passenger on an Air Canada jet that almost landed on a taxiway where four other planes were sitting rather than the designated runway at San Francisco International Airport. The pilot inadvertently "lined up" for Taxiway C, which parallels Runway 28R and had four other planes waiting to depart at that time, according to the FAA. (more...)
Searching for Parking Costs Americans $73 Billion a Year Searching for Parking Costs Americans $73 Billion a Year
- July 13, 2017

U.S., German and British motorists spend billions searching for parking spots and paying for more time than they need to avoid tickets that would likely cost them less, concluded a study released on Wednesday by traffic data aggregator INRIX . (more...)
NVIDIA Corporation (NVDA), Bioblast Pharma Ltd. (ORPN) NVIDIA Corporation (NVDA), Bioblast Pharma Ltd. (ORPN)
- July 13, 2017

Here's a quick roundup of today's bullish brokerage notes on shares of NVDA , YTRA, and GRUB. "We see NVDA as a major beneficiary of the 4th Tectonic Shift in Computing, where serial processing (x86) architectures give way to massively parallel processing capabilities as the next wave of connected devices approach 10b units by 2022", Jefferies said. (more...)
Australian Traveler Checks a Single Can of Beer as His Luggage Australian Traveler Checks a Single Can of Beer as His Luggage
- July 13, 2017

The passenger was travelling to Perth on Qantas flight QF777 and was determined that his Emu Export lager would be coming with him. In a statement, Stinson revealed that he came up with the notorious plan along with a friend who worked at the airport "just for a laugh". (more...)
NRG Energy, Inc. (NRG) closed the last trading session at $16.3 NRG Energy, Inc. (NRG) closed the last trading session at $16.3
- July 13, 2017

UBS upgraded the shares of NRG in report on Thursday, June 1 to "Buy" rating. They issued a buy rating and a $20.00 target price for the company. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. ILLEGAL ACTIVITY WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright laws. (more...)
Mithali Raj becomes the highest run scorer in women's one-day internationals Mithali Raj becomes the highest run scorer in women's one-day internationals
- July 13, 2017

Mithali Raj made her debut with an unbeaten 114 against Ireland at Milton Keynes on June 26, 1999. Mandhana, who survived a top edge that landed fortuitously out of range of the fielders, edged behind to the wicketkeeper for her fourth single-digit score in a row. (more...)
Pension freedoms: 5 ways they are costing you more Pension freedoms: 5 ways they are costing you more
- July 13, 2017

Director general of the ABI Huw Evans said: "Providers responded swiftly to the pension reforms, which did introduce considerably more choice for savers". However the regulator said in order to do this it must work with the government, including the Treasury and HMRC, as well as providers, to see if this would require changes to legislation or changes to existing contracts. (more...)
Gymboree closing three Central Florida stores, one insane 8 Gymboree closing three Central Florida stores, one insane 8
- July 13, 2017

The closings include the store at Westfield Siesta Key in Sarasota and 13 other Florida locations. Gymboree Corp . also sells children's clothing and merchandise under the Janie and Jack brand. Many local shopping malls are going to have to grapple with the loss of one more retailer: Gymboree. "As part of our court-supervised restructuring process, the Gymboree Corp .is taking necessary steps to strengthen our company as a whole by closing certain Gymboree and insane 8 brand stores", ... (more...)
Physicians Realty Trust (NYSE:DOC) Quarterly EPS Analysis
- July 13, 2017

Pacer Advisors Inc. now owns 6,000 shares of the real estate investment trust's stock valued at $218,000 after buying an additional 192 shares during the last quarter. They expect $0.16 EPS, down 36.00% or $0.09 from last year's $0.25 per share. DOC's profit will be $49.53M for 16.61 P/E if the $0.28 EPS becomes a reality. (more...)
Hyperloop One Makes History with World's First Successful Hyperloop Full Systems Test Hyperloop One Makes History with World's First Successful Hyperloop Full Systems Test
- July 13, 2017

While these statistics don't come close to the projected speeds of around 700 miles an hour and distances spanning hundreds of miles, the test provides a promising jumping off point for the company to move onto further testing. "Fast to dig, low cost tunnels would also make Hyperloop adoption viable and enable rapid transit across densely populated regions, enabling travel from NY to Washington DC in less than 30 minutes", the company said in a published FAQ. (more...)
Royal Bank of Scotland in $5.5 billion settlement over USA mortgages Royal Bank of Scotland in $5.5 billion settlement over USA mortgages
- July 13, 2017

In September 2016, it agreed to a $1.1 billion settlement with the U.S. National Credit Union Administration over sales to two corporate credit unions and a deal with the Department of Justice is expected later this year. Laith Khalaf, Senior Analyst at Hargreaves Lansdown, commented: "Ten years on from the financial crisis, RBS and the United Kingdom taxpayer are still counting the cost of the bank's former misdemeanours". (more...)
Google Wins Tax Case in France, Avoiding $1.3 Billion Bill Google Wins Tax Case in France, Avoiding $1.3 Billion Bill
- July 13, 2017

Judges ruled that Google's European headquarters in Ireland can not be taxed as if it also has a permanent base in France, as requested by the French administration. To end a dispute spanning 14 years, it recently struck a €306 million settlement with Italian tax authorities. Last year, Facebook began directing United Kingdom clients to start paying an affiliate in the country rather than funneling that money through Ireland and then on to the Cayman Islands, boosting its tax payments in the ... (more...)
Trump Hotel customer details stolen in latest Sabre hacking debacle Trump Hotel customer details stolen in latest Sabre hacking debacle
- July 13, 2017

A letter posted on the Trump Hotels corporate website explained that the hackers broke into Sabre Hospitality Solutions, a reservation service used by Trump Hotels , and stole data between August 2016 and March 2017. Trump Hotels did not mention in its notice how many guests were affected in the cybersecurity attack. Still, that is better than when Trump Hotels learned of a May 2014 breach in June 2015, but did not notify guests until four months later. (more...)
Tech Giants Join Net Neutrality Protests Tech Giants Join Net Neutrality Protests
- July 13, 2017

Internet users are asking the Federal Communications Commission not to hit "undo" on net neutrality today, with a day of action to save the Internet. Gamers popping open Twitch today to stream or check out their favorite Twitch personalities doing their thing will be greeted with a special message at the top of the page: "Stop Net Neutrality rules from being repealed!" Karr said that internet users have taken "hundreds of thousands of actions", like contacting the FCC . (more...)