Economy

Crude Oil Hits $72, Highest in Three Years Over Middle East Tensions

Crude Oil Hits $72, Highest in Three Years Over Middle East Tensions Oil prices hit their highest level since early December 2014 after United States President Donald Trump warned Russian Federation to prepare for a strike on its ally, Syria . Meanwhile, US crude oil production hit a fresh record last week, of 10.53 million barrels a day. Last night, United States stockpile data from the Energy Information Administration (EIA) sent oil markets into increa... [Full Article...]

Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit

Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit Wells Fargo's better-than-expected results could be short-lived. Wells Fargo , based in San Francisco, has been reaching out to clients in the consumer firearms industry to make sure they hear input the bank has received from other customers, investors, employees and citizens, according to materials provided by a spokesman. [Full Article...]

Volkswagen's new CEO wants change - and fast

Volkswagen's new CEO wants change - and fast As the names suggest, the brands will be divided according to product value, with the likes of Volkswagen , Skoda and SEAT found in the Volume category, while Lamborghini , Porsche and Bentley will make up the Super Premium segment of the business. [Full Article...]

Judge to give ruling on Google 'right-to-be-forgotten' case

Judge to give ruling on Google 'right-to-be-forgotten' case The two men, who can't be identified because of a court order, had asked that links to information on their old convictions be taken down. The ruling in the case of NT2 means that Google must remove search results relating to the man's convictions - something the judge was happy to rule about because of the remorse that has been shown. [Full Article...]

Stranger adopts baby from struggling woman she met on flight

Stranger adopts baby from struggling woman she met on flight She told me to call should I ever find myself in trouble, in need of anything or if I wanted to talk more about adoption". The woman and her two children, ages 12 and 14, were able to escape the house, and told authorities they heard a gunshot and Mapes yelling as they did so. [Full Article...]

Birch Hill Investment Advisors LLC Has $1220000 Holding in Intel Corporation

Birch Hill Investment Advisors LLC Has $1220000 Holding in Intel Corporation JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker's stock valued at $147,000 after purchasing an additional 1,233 shares in the last quarter. McBride Kevin Thomas also sold $31,943 worth of Intel Corporation (NASDAQ: INTC ) shares. Cobalt Corp (CBZ) investors sentiment decreased to 1.5 in 2017 Q4. [Full Article...]

New Jersey man revealed as victor of $533 million Mega Millions jackpot

New Jersey man revealed as victor of $533 million Mega Millions jackpot Don't be an idiot'". They checked the numbers "at least 15 times", Wahl said, hugging and crying together over their good fortune, ABC 7 reported . It's not only life changing money for me but it's life changing for others. He declined to talk about his family or go into details about where they might go or if they'd move. [Full Article...]

Crude Oil Eases From 3-year High After OPEC Report

Crude Oil Eases From 3-year High After OPEC Report Besides geopolitical factors lifting crude oil prices, the commodity's value was boosted somewhat by US inventories. As it has become a trend in recent months, OPEC revised up again on Thursday its estimate for non-OPEC supply growth in 2018, but it also lifted its forecast for global oil demand growth, while it reported the cartel's lowest crude oil production in a year in March. [Full Article...]

Government is said to ask oil retailers not to raise fuel prices

Government is said to ask oil retailers not to raise fuel prices Faced with sluggish tax revenue collections after the complicated rollout of the Goods and Service Tax (GST), the government is not in a position to cut excise duty on fuel prices immediately. and Hindustan Petroleum Corp . will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline. "Companies are fixing the fuel prices on the basis of global oil prices", Pradhan told repor... [Full Article...]

Malaysia's IHH tops Manipal Hospital's bid for Fortis

Malaysia's IHH tops Manipal Hospital's bid for Fortis Malaysia's IHH Healthcare Berhad on Thursday offered to buy India's Fortis Healthcare Ltd , sparking a potential three-way takeover battle for the company at a time when interest in Indian healthcare assets is rising. Manipal said its revised plan gives Fortis shareholders Rs 155 per share in value, up from Rs 140 earlier. It would be the latest twist in the Fortis saga, with SFIO and sto... [Full Article...]

Toys 'R' Us gets US$890m bid for US-Canada stores

Toys 'R' Us gets US$890m bid for US-Canada stores The CEO behind Bratz dolls and Little Tikes toys is officially making his bid for Toys "R" Us. The funds will come from Larian himself, other investors and bank financing. The company drew multiple offers of over US$1 billion for its Asian business, a lawyer for Toys "R" Us said Wednesday in bankruptcy court. Toys R Us said in March that it was closing its 740 USA stores and some overseas oper... [Full Article...]

Elon Musk sees cash flow positive Tesla this year

Elon Musk sees cash flow positive Tesla this year Lagoda Investment Management Lp acquired 19,380 shares as Tesla Inc ( TSLA)'s stock declined 14.15%. "Last week, in a conversation with the NTSB, we were told that if we made additional statements before their 12-24 month investigative process is complete, we would no longer be a party to the investigation agreement". [Full Article...]

Chartwell Investment Partners LLC Trims Holdings in Wells Fargo

Chartwell Investment Partners LLC Trims Holdings in Wells Fargo Miles Cap holds 3,590 shares. Regal Investment Advisors LLC grew its holdings in shares of Wells Fargo by 567.0% during the second quarter. Colrain Limited Liability Corporation reported 8,500 shs. The nation's top consumer watchdog, the Consumer Financial Protection Bureau, is now mulling a record $1 billion fine for the lending abuses, Reuters reported this week . [Full Article...]

JLR to cut back production and jobs

JLR to cut back production and jobs The company said in the statement that it's continuing to recruit large numbers of engineers, graduates and apprentices as it invests in new products and technologies, and remains committed to United Kingdom plants in which it has spent more than 4 billion pounds since 2010. [Full Article...]

Appetite For Arachnids? Restaurant Raffling Off Tarantula Burgers

Appetite For Arachnids? Restaurant Raffling Off Tarantula Burgers Bull City Burger and Brewery celebrates Exotic Meat Month every April by serving up some unusual burgers at their restaurant. Other exotic meats featured during the promotion include alligator, camel, turtle, reindeer, goat, and bug-topped guacamole burgers. [Full Article...]

Citigroup profit rises 13 pct on consumer banking, lower taxes

Citigroup profit rises 13 pct on consumer banking, lower taxes Chicago Equity Ptnrs Ltd Limited Liability Company reported 4,630 shares or 0.02% of all its holdings. Stuyvesant Capital invested 5.91% of its capital in Citigroup Inc. Gerspach John C sold 7,000 shares worth $542,920. Financial Advocates Investment Management bought a new stake in shares of Citigroup in the 4th quarter worth approximately $559,000. [Full Article...]

Volkswagen Replaces CEO Matthias Muller by Mutual Agreement

Volkswagen Replaces CEO Matthias Muller by Mutual Agreement Volkswagen has officially replaced CEO Matthias Muller with its VW brand head Herbert Diess as the automaker implements a new management structure to keep up with the "highly dynamic change" in the industry. Volkswagen will also have a separate China division, with Diess saying that managing the company's largest market from Germany was not the right choice. [Full Article...]

Facebook's (FB) "Buy" Rating Reiterated at JPMorgan Chase

Facebook's (FB) Several equities analysts have weighed in on JPM shares. In Friday, January 12 report BMO Capital Markets maintained it with "Hold" rating and $110.0 target. The firm has a market capitalization of $1,862.73, a PE ratio of 84.54 and a beta of 1.61. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. [Full Article...]

Trump considers mandatory drug testing for some food stamp recipients

Trump considers mandatory drug testing for some food stamp recipients It would target people who are able-bodied, childless and people searching for specialized jobs such as working with heavy machinery. AP estimates that around five percent of SNAP recipients, or 2 million people, would be affected by the Trump administration's plan. [Full Article...]

FirstBlood (1ST) drops -2.66% for a day

FirstBlood (1ST) drops -2.66% for a day Walton (WTC) traded up 7.9% against the dollar and now trades at $22.77 or 0.00246724 BTC . It last traded at Liqui exchange. Tether (USDT) traded down 0.5% against the dollar and now trades at $0.99 or 0.00012296 BTC . Furthermore, a marketplace build in collaboration with district0x will be implemented allowing performers to upload and sell digital content via ETH or ERC-20 tokens. [Full Article...]


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