Economy

Walmart makes a $16 billion bet on India's booming economy

Walmart makes a $16 billion bet on India's booming economy The deal gives Walmart more power over Amazon in its ongoing battle for e-commerce supremacy. The deal, announced in a joint statement , values Flipkart, India's largest e-tailer by sales, at just over $20 billion. S&P lowered Walmart's outlook to negative from stable, citing increasing leverage and risks stemming from the company's spending to expand online and globally as it continues its... [Full Article...]

Delta 'flight from hell' evacuated after smoke in cabin

Delta 'flight from hell' evacuated after smoke in cabin Passengers on the flight took to social media to share videos and images from inside the plane, saying they felt sick and asking Delta what caused the smoke inside the cabin. "The safety of Delta's customers and crew is our top priority and we apologize for the concern this situation has caused", Delta said Wednesday in a statement. [Full Article...]

ZTE working to solve U.S. component sales ban - and save the company

ZTE working to solve U.S. component sales ban - and save the company That said, the American government now believes that ZTE lied and the majority of its employees weren't formally reprimanded until earlier this year - contrary to what was stated in the denial order issued by the U.S. ZTE got to this place by selling goods and services to Iran and North Korea, which violated US sanctions. ZTE appears to have suspended its online stores on its own website as wel... [Full Article...]

Cantor Fitzgerald Reiterates $25.00 Price Target for Valeant Pharmaceuticals International (VRX)

Cantor Fitzgerald Reiterates $25.00 Price Target for Valeant Pharmaceuticals International (VRX) The average 12 month price target among brokers that have issued ratings on the stock in the a year ago is $19.21. Valeant Pharmaceuticals International (NYSE: VRX ) (TSE: VRX ) last issued its earnings results on Tuesday, May 8th. It worsened, as 51 investors sold Valeant Pharmaceuticals International, Inc . shares while 74 reduced holdings. Valeant Pharmaceuticals International, Inc . [Full Article...]

Here's what Uber's flying taxis might look like

Here's what Uber's flying taxis might look like Those skyports will be able to accommodate 200 liftoffs and landings each hour. Several other companies along with Uber are trying to develop similar kinds of aerial devices. The flying Uber, seating 4 passengers, is planned to start operations in 2 to 5 years. In March, Uber's self-driving vehicle program took a hit after one of its Volvo autonomous cars hit and killed a pedestrian in Arizona... [Full Article...]

Why Walmart needs Flipkart in its e-tail race in India

Why Walmart needs Flipkart in its e-tail race in India The Confederation of All India Traders , an umbrella association representing millions of traders, has demanded government scrutiny of the Walmart-Flipkart deal, which it says will only encourage predatory pricing. As such, as the deal comes closer to the final stages, it is becoming evident that the proposed plan post the deal is to have Binny Bansal stay on as the group CEO and as the new exe... [Full Article...]

Arsenal's Laurent Koscielny out for six months with achilles injury

Arsenal's Laurent Koscielny out for six months with achilles injury That "Invincibles" season was his last as a Premier League victor, though, and fans became exhausted of Arsenal's inability to compete for Premier League and Champions League titles. Wenger will leave after nearly 22 years at the helm and was handed an emotional tribute from the club following Sunday's 5-0 defeat of Burnley , his final game in charge at the Emirates Stadium. [Full Article...]

Elon Musk "super serious" about starting candy company

Elon Musk While Musk has a habit of sharing all his ridiculous ideas which include building flamethrowers and sell them to fund his tunnel-digging project, using party balloons for rocket launches and building a cyborg dragon , he also has a habit of making some of this dreams a reality. [Full Article...]

'Drunk' United Airlines stewardess disrupts flight with foul-mouthed rant

'Drunk' United Airlines stewardess disrupts flight with foul-mouthed rant She also alleged the stewardess appeared drunk and got extremely close to another traveller. Gorman, who has since deleted the tweet with those pictures, accused the flight attendant of telling the fliers that "if your seat belt isn't tight, you (expletive) up". [Full Article...]

McDonald's Enormous Mac Enthusiast Currently at 30000 Swallowed - and counting

McDonald's Enormous Mac Enthusiast Currently at 30000 Swallowed - and counting This Big Mac fan has become a big deal. That includes a 1982 day in which a snowstorm shut down the restaurant, as well as the day his mom died in 1998. He ate his 20,000 Big Mac in 2004. USA Today reports that he has thousands of receipts, sandwich wrappers, and containers. Gorske has appeared on the "Rachael Ray Show ", "Jimmy Kimmel", " Lopez Tonight ", "I've Got a Secret", " Oprah " and "... [Full Article...]

HSBC reports surprise pre-tax profit fall

HSBC reports surprise pre-tax profit fall Analysts at UBS said they had expected it to buy back twice as many shares. The group meanwhile announced that it meant to initiate e a share buyback of up to $2 billion, while cautioning that it expects this to be the only share buyback for the current year, "in light of the growth opportunities that we now see". [Full Article...]

'Unbreakable Kimmy Schmidt' Fans are Not Pleased Netflix is Ending the Series

'Unbreakable Kimmy Schmidt' Fans are Not Pleased Netflix is Ending the Series The movie would be written by series co-creators Tina Fey and Robert Carlock after they wrap work on Unbreakable Kimmy Schmidt's upcoming fourth season, which is now in production. "Waking up to the news that The Unbreakable Kimmy Schmidt is ending just ruined my morning", another person commented. So perhaps her story really is reaching a conclusion. [Full Article...]

Trump Quotes Old Lawyer To Slam Mueller For 'Screwing With' The President

Trump Quotes Old Lawyer To Slam Mueller For 'Screwing With' The President Although Mueller's team has indicated to Trump's lawyers that he's not considered a target, investigators remain interested in whether the president's actions constitute obstruction of justice and want to interview him about several episodes in office. [Full Article...]

Loving Republican Links Boy Scouts Name Change To Nazis

Loving Republican Links Boy Scouts Name Change To Nazis Change has been coming quickly to the iconic if shrinking organization. But the changes also reflect shifting social and cultural norms that expect programs to be equally available to boys and girls. "Girl scouts really empowers girls and helps them achieve what they didn't think they could achieve, but then boy scouts gives you a lot of new experiences and adventures", said Neely. [Full Article...]

Why Alibaba Earnings Might Have Nowhere to Go but Up

Why Alibaba Earnings Might Have Nowhere to Go but Up This estimate is provided by 23 analysts. A company with higher PE ratio is more worthy against a company with lower PE ratio. Northern Cross Llc who had been investing in Alibaba Group Holding for a number of months, seems to be less bullish one the $468.80 billion market cap company. [Full Article...]

Southwest Flight Diverted To Cleveland For Cracked Window

Southwest Flight Diverted To Cleveland For Cracked Window The incident, on Flight 957 from Chicago to Newark, came just two weeks after an engine on another Southwest plane exploded a shattered a window, resulting in the death of passenger Jennifer Riordan . media there was no panic and people in the row near the window moved to other seats. "Everything ok but scary", one of her texts read. The plane, also a Boeing 737, was en route from NY to Dallas ... [Full Article...]

Flipkart Confirmed to Sell About 75% of Equity Stake to Walmart

Flipkart Confirmed to Sell About 75% of Equity Stake to Walmart Google-parent Alphabet (GOOGL) is also likely to participate in that Softbank-related investment. Walmart has made an offer to buy 60% stake in Flipkart in a deal that will value the homegrown e-tailer at $17-18 billion, the person said, adding that the transaction will largely take place through a secondary sale of shares. [Full Article...]

James scores 43, Cavs up 2-0 on Raptors

James scores 43, Cavs up 2-0 on Raptors The Cavs' performance was in sharp contrast with their display in Game 7 against the Pacers on Sunday, when James scored his team's first 13 points of the game, before adding a further 32 over the next three quarters. James had 43 points, 14 assists and eight rebounds. 23 of the Cleveland Cavaliers dribbles the ball as DeMar DeRozan No. 10 of the Toronto Raptors defends in the second half... [Full Article...]

Xerox boss and executives ousted in Fujifilm merger row

Xerox boss and executives ousted in Fujifilm merger row The resignations are part of an agreement with investors Mr Icahn and Darwin Deason , according to a Xerox statement . Separately, Fujifilm filed on Wednesday an objection with a U.S. The agreement reached yesterday does not affect these claims. One thing that is coming out quite clearly at the moment is the fact that Deason and Icahn have finally taken the Xerox side of their complaint ... [Full Article...]

Weekly Ferrexpo Plc (LON:FXPO) Ratings on May 3, 2018

The rating was maintained by Credit Suisse on Tuesday, April 24 with "Neutral". The stock of Wix.com Ltd. (NASDAQ:WIX) is a huge mover today! Moreover, Schroder Management Gru has 0.01% invested in Smith & Nephew plc (LON:SN) for 1.68 million shares. [Full Article...]


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