Finance


Amazon's Purchase: What this Means for other Grocery Stores
- June 24, 2017

The more than 460 Whole Foods stores in the United States, Canada and the UK could also be turned into distribution hubs - not just for delivering groceries, but also as pick-up centres for online orders. The deal still needs to gain regulatory approvals and is subject to a Whole Foods shareholders vote. Its shares closed at $42.68 yesterday, up 29.1 percent. (more...)
Tech CEOs to visit White House
- June 24, 2017

White House officials said they did not face any reluctance from the tech sector to participate in the event, Reuters reports . The White House is seeking to shrink government, reduce the federal workforce and eliminate regulations. (more...)
A new platform for Whole Foods? How deal could upend grocery A new platform for Whole Foods? How deal could upend grocery
- June 24, 2017

True, compared with Walmart , Amazon's grocery penetration is minuscule. "There's enough of the market for money to be spread out throughout multiple retailers". Like Amazon , Walmart would view Whole Foods as a relative pipsqueak. In the UK, Amazon has been accused of treating warehouse staff like "cattle". (more...)
Cumbrian nuclear backer Toshiba delays reporting results again and predicts bigger loss Cumbrian nuclear backer Toshiba delays reporting results again and predicts bigger loss
- June 24, 2017

SK Group Chairman Chey Tae-won said Friday its semiconductor arm's move to join the acquisition of Toshiba Corp.'s chip business is "not finished", hinting there are still challenges moving forward. Group net loss for fiscal 2016 is put at ¥995.2 billion, revised up from ¥950 billion due to costs related to troubled US nuclear business unit Westinghouse Electric Co. (more...)
Snapchat's Controversial 'Snap Map' Update Leads to Child Safety Concerns Snapchat's Controversial 'Snap Map' Update Leads to Child Safety Concerns
- June 24, 2017

Here's what you do. Open Snapchat . From your camera screen and pinch with two fingers. Zenly's Global Positioning System tracking/location sharing technology was used to build the maps in Snap's new product, which rolled out to all iOS and Android users on Wednesday. (more...)
Politician says Russian Federation vs Mexico football game will be interesting to watch Politician says Russian Federation vs Mexico football game will be interesting to watch
- June 24, 2017

Cristiano Ronaldo headed an early victor as Portugal beat hosts Russia 1-0 on Wednesday to go top of Group A and spoil Russian goalkeeper Igor Akinfeev's 100th cap. It took two second-half goals from the startled Mexicans in Sochi to avoid an enormous upset after the world No.17 ranked side trailed the 95th-ranked All Whites at halftime. (more...)
Uber employees want resigning CEO to stay Uber employees want resigning CEO to stay
- June 24, 2017

The reaction followed a tumultuous few days at Uber . Travis Kalanick , the embattled CEO of the ride-hailing company Uber , resigned on Tuesday, a company spokesperson told ABC News. That list is being reformulated after an internal investigation into Uber's culture. A petition has, since, being circulated within the company asking the board of governors to invalidate the resignation, BuzzFeed has reported . (more...)
Notable Stock Analysts Ratings AK Steel Holding Corporation (AKS)
- June 24, 2017

At recent closing price of $8.66, SPLS has a chance to add $1.14 or 13.16% in 52 weeks, based on mean target price ($9.8) placed by analysts.The analyst consensus opinion of 2.7 looks like a hold. This represents a $0.20 annualized dividend and a yield of 0.95%. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of AK Steel Holding Corporation (AKS ), we will discuss a few. (more...)
Trump tweetstorms wash away White House press briefings
- June 24, 2017

He was in the back of the briefing, didn't have his easel the way he usually has but he was able to draw the briefing. Hennessy's sketches aren't exclusive to CNN; other news outlets may also use them. Because I'll tell you what: "No computer is safe". Spicer's briefings have been must-see TV during the start of the Trump era, beginning with his fiery, inaccurate claim that journalists wrongly portrayed the size of Trump's inauguration audience. (more...)
US releases dramatic photos of 'unsafe' Russian jet intercept US releases dramatic photos of 'unsafe' Russian jet intercept
- June 24, 2017

In response, Russia has since disputed claims that the jet was at fault, saying it intercepted the USA aircraft when it "approached the Russian state border". View of an armed Russian SU-27 aircraft near a USA war plane. "We assess the Russian pilots' behaviour as safe and professional". The defense minister was visiting Kaliningrad, Russia's westernmost enclave that has become a flashpoint for Russia-NATO tensions. (more...)
Homes sales climb 2.9 percent in May Homes sales climb 2.9 percent in May
- June 24, 2017

The rebound in May sales had been expected following the big April drop. Having shed 11.4 percent in April, the seasonally adjusted rate of new single-family home sales in the USA rose 2.9 percent in May to a rate of 610,000 annual sales and is running 8.9 percent above the pace of sales at the same time past year. (more...)
Realty Income Corporation (O) Increases Dividend to $0.21 Per Share Realty Income Corporation (O) Increases Dividend to $0.21 Per Share
- June 24, 2017

It has underperformed by 20.71% the S&P500. Among 14 analysts covering Duke Realty ( NYSE:DRE ), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 37% are positive. The United Kingdom-based Marshall Wace Llp has invested 0% in CoreSite Realty Corp (NYSE:COR). Blackrock stated it has 3,067 shares or 0% of all its holdings. (more...)
BT Group plc (BT.A) Stock Rating Reaffirmed by Deutsche Bank AG
- June 23, 2017

Peel Hunt maintained the stock with "Buy" rating in Monday, March 27 report. Berenberg Bank restated a buy rating and issued a GBX 8,500 ($108.29) price objective on shares of Reckitt Benckiser Group Plc in a research report on Monday, May 15th. (more...)
YouTube's 'VR180' format works on screens and in headsets YouTube's 'VR180' format works on screens and in headsets
- June 23, 2017

The VR180 format will allow creators to test-drive the basics of virtual reality with smaller equipment and time commitments. Google's Daydream VR platform sparked a further push for 360-degree video, encouraging YouTubers to create content with their Jump program , and they've also attempted to help creators acclimatise to the unique challenges of recording in this format, offering some tips and best practices . (more...)
AI will dramatically reduce workload in just 30 years: Jack Ma AI will dramatically reduce workload in just 30 years: Jack Ma
- June 23, 2017

But he does believe technology could spark major problems, and even war. "This is the third technology revolution". "We work eight hours, five days a week and think we are very busy", Ma told CNBC in Detroit at the Gateway 17 conference for entrepreneurs. (more...)
Professor: Trump's new Cuba policy will hurt island nation's growing middle class
- June 23, 2017

Trump's revised approach, which will be enshrined in a new presidential directive, calls for stricter enforcement of a longtime ban on Americans going to Cuba as tourists and seeks to prevent us dollars from being used to fund what the new USA administration sees as a repressive military-dominated government. (more...)
BC throne speech marks beginning of the end for Liberal minority government BC throne speech marks beginning of the end for Liberal minority government
- June 23, 2017

Thomson said he put his name forward for the job. Prior to politics he was a member of the Canadian National Rugby team, with the nickname "the ox". Premier Christy Clark congratulated Thomson on his new role. The BC Legislature has a speaker at last, but it's anyone's guess for how long. The Liberals won 43 seats, the NDP won 41 and the B.C. Green Party got three. (more...)
Big Mac, smaller effort: Uber to run McDonald's deliveries in UK Big Mac, smaller effort: Uber to run McDonald's deliveries in UK
- June 23, 2017

McDonald's (NYSE:MCD) has announced plans to trial its long-awaited "McDelivery" service after teaming up with UberEats , Uber's food delivery service. "It's the next chapter in how we get freshly made, great-tasting food to our customers in a way that suits them and fits around their busy lives". That represents just a small percentage of its more than 1,200 stores in the United Kingdom, and McDonald's said the scale would be a "soft launch" that would allow the restaurant teams "to see ... (more...)
Bank of England chief downplays chance of interest rate hike
- June 23, 2017

The Bank of England should withdraw its post-Brexit vote monetary stimulus "later in the year", according to its chief economist, as the divisions among the central bank's monetary policymakers become starker. Andy Haldane was speaking nearly a week after three members of the monetary policy committee surprised economists and financial markets by voting for a hike in a bid to control a surge in inflation . (more...)
Aberdeen university wins prestigious award Aberdeen university wins prestigious award
- June 23, 2017

The University of Law is the UK's longest-established specialist provider of legal education and training in the United Kingdom, with centres in London, Birmingham, Bristol, Chester, Guildford, Manchester and Leeds, as well as at The University of Exeter and The University of Reading. (more...)