PSA Buys Opel From GM, Will Announce Deal On Monday, Says Report

The talks between Opel and PSA Peugeot-Citroen have not gone without a hitch, as the companies had to negotiate the pension funds of former GM employees in Europe, as well as a reported non-compete clause between Opel and Chevrolet in China. Read More

Technical Charts and Signs for General Electric Company (GE)

Technical Charts and Signs for General Electric Company (GE)

Catamount Wealth Management now owns 4,651 shares of the company's stock worth $146,000 after buying an additional 1,200 shares during the period. BlackRock Fund Advisors increased its position in shares of Portland General Electric Company by 11.9% in the third quarter. Read More

Yellen Hints at More Aggressive Rate Path Upon Locking in March

Federal Reserve Chairwoman Janet Yellen indicated Friday that the USA central bank will probably raise key interest rates, for the second time in three months, at its next policy meeting this month. U.S. consumer spending cooled in January as demand for automobiles and utilities fell, but inflation recorded its biggest monthly increase in four years. Read More

Oil prices under pressure after historical high for USA crude stocks

Angola, among the most compliant members in January, failed to meet its target in February after the start-up of two oil projects. Nigeria's Oil Minister Emmanuel Ibe Kachikwu said that OPEC producers need to lower their production costs if they want to be able to compete effectively with US shale boomers, articulating what many already suspect or fear: that the production cut is simply not enough as a long-term solution of the global glut. Read More

FCC votes to block internet privacy rule

According to an FCC statement, it will work with the FTC "to create a comprehensive and consistent framework for protecting Americans' online privacy". In a statement to press, the FCC says the action "ensures consumers have uniform online privacy protections" with those the Federal Trade Commission enforces on "edge providers" referring to internet-based companies like Google, Facebook , and Amazon. Read More

Dems Aid Confirmation of Inexperienced Safety-Net Foe Ben Carson

Dems Aid Confirmation of Inexperienced Safety-Net Foe Ben Carson

Carson's long awaited confirmation as HUD Secretary". Ben Carson's nomination as our new HUD Secretary. Mr. Carson was effectively able to receive the consent of the Upper House by a relatively close margin. He went on to attend Yale University and the University of Michigan Medical School before becoming the first African-American named as the head of pediatric neurosurgery at Johns Hopkins Children's Center in Baltimore. Read More

Cola companies allowed to draw water from TN river

During the protests in support of bull-taming sport Jallikattu in Chennai and other cities, some protesters spoke up against Coke and Pepsi. Pepsi and Coke sell a range of products across India, including softdrinks and bottled water, and the boycott proposal in Tamil Nadu could affect more than a million outlets in India's most prosperous state, which is home to almost 70 million people. Read More

United adds Denver, Chicago flights at Columbia

Pacific Time. The inbound flight will depart SFO at 10:30 p.m. Also, the airline wants to upgrade facilities at key airports and trim the use of smaller planes on important business routes. As a hub for United Airlines, Newark offers connecting flights on United's vast network of worldwide flights. American Airlines debuted a daily nonstop flight to Phoenix-Sky Harbor International Airport on February 16, marking the first direct connections from Sonoma County to a major hub east of ... Read More

Education Secretary Betsy DeVos slams Obama's transgender bathroom rule as 'overreach'

Education Secretary Betsy DeVos slams Obama's transgender bathroom rule as 'overreach'

Daniel Partiyeli, a third-year economics student, also said he thinks it is important for the leader of the Department of Education to have firsthand experience applying for federal student aid. In 2001, DeVos told a group of Christian philanthropists that she meant to "advance God's kingdom". "The rich parents have to make sure that the public schools are great". Read More

RBS looks for digital salvation after posting ninth successive loss

RBS looks for digital salvation after posting ninth successive loss

A year ago it reported a £2bn loss. The result extends the bank's streak to nine consecutive years of losses, worth almost £60 billion, or $75 billion. In response the bank has announced another large scale cost cutting program to the tune of £2bn over the rest of the decade, with branch closures as well as back and middle office jobs the most vulnerable. Read More

JCPenney will close up to 140 stores and offer buyouts

JCPenney will close up to 140 stores and offer buyouts

The reason for the shift is tough competition from online retailers, the company said. "We believe closing stores will allow us to adjust our business to effectively compete against the growth threat of online retailers", Ellison said. J.C. Penney will issue a list of a stores targeted for closure in mid-March, once the affected employees are notified, with most locations expected to shutter in the second quarter of 2017. Read More

Burger King Is Officially Buying Popeyes And Now The Possibilities Are Endless

Burger King Is Officially Buying Popeyes And Now The Possibilities Are Endless

Kraft Heinz Co. recently tried to buy rival Unilever Plc for US$143 billion, and while that transaction was abandoned with the price tag deemed too low, there is surely more to come, both in the packaged food sector and the fast food space. Read More

Fresh from fending off Kraft, Unilever to review strategy

In the last trading session, The Company traded 14.41 Million shares. The short ratio in the company's stock is documented at 3.55 and the short float is around of 0.95%. The company, with brands such as Oreo, Chips Ahoy!, Triscuit, Nabisco, Milka, Toblerone, Cadbury, Trident, Dentyne, and Tang powdered drinks, has a presence in about 165 countries, giving Kraft Heinz the geographical reach it needs. Read More

Israel fired by missiles from Egypt

The alleged drone strike follows an escalation of hostilities nearly two weeks ago between Israel and "Sinai Province", a militant group linked to the Islamic State. The reported drone strike Saturday came after the Islamic State fired four rockets earlier this month at the Red Sea resort city of Eilat in southern Israel. Read More

Kraft Heinz makes bid for Unilever takeover

Shares of Kraft Heinz lost more than 4 percent on Thursday to close the day at $87.28 but jumped more than 5 percent Friday morning after details of the deal were announced. Kraft Heinz remains keen to bring household products such as Ben & Jerry's ice cream, Hellmann's mayonnaise, HP sauce and Capri Sun under one umbrella, despite Unilever strongly rejected its initial takeover bid. Read More

Samsung heir arrested in SKorea

Samsung heir arrested in SKorea

Special prosecutors investigating the scandal filed an arrest warrant against Lee, vice chairman of the group's crown jewel, Samsung Electronics Co., earlier this week for a second time in a month with expanded charges. Choi, despite having no government office, has been accused of everything from leaking classified documents to forcing a college to change its admissions criteria so her daughter could attend. Read More

Yahoo's Security Incompetence Just Took $250 Million Off Verizon's Asking Price

Verizon is reportedly close to cutting the price of its deal to buy Yahoo, signaling that they could complete the acquisition soon. In September 2016, Yahoo announced that information on at least 500 million email accounts was stolen by "state-sponsored" hackers in 2014 . Read More

Verizon Communications Inc. (VZ) Shares Bought by Garde Capital Inc

MSI Financial Services Inc now owns 372,435 shares of the cell phone carrier's stock worth $20,797,000 after buying an additional 78,939 shares during the period. Analysts expect that Verizon Communications Inc. will post $3.89 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Wednesday, February 1st. Read More

United States bridges structurally deficient

Pennsylvania actually improved from the 2016 report, with 4,506 bridges deemed "structurally deficient" this year, as opposed to 4,783 last year. Among the names on the list are some high-profile structures like New York's Throgs Neck, and Connecticut's Yankee Doodle. Read More

India's Inflation Slows In January

India's Inflation Slows In January

David Buik, of stockbrokers Panmure Gordon, believes inflation will have hit 1.9 per cent last month, and possibly 2.7 per cent by December. The latest price data represents slide in shop-end sales, triggered by the unexpected ban on Rs 500 and Rs 1,000 currency notes in November, 2016. Read More

China's January exports jump 7.9%, boon for Asia amid Trump concerns

China's January exports jump 7.9%, boon for Asia amid Trump concerns

Exports rose to $182.8 billion in January, Customs said, beating the 3.2 percent forecast in a Bloomberg News survey of economists and a reversal from December's 6.1 percent plunge. China's crude shipments and fuel exports hit a record in December 2016. China's crude oil imports increased by 27.5 percent in January, as compared to the figure of previous year. Read More

Saudi Arabia taking on the burden of OPEC oil cuts

The production decrease was partially offset by increases in Libya and Nigeria, which are not participating in the agreement. Incidentally, Russia does not trust much of OPEC promises but, together with other countries such as Kuwait , Algeria and Venezuela (all OPEC members), Oman (non-OPEC member), and Russia, it manages the "Review Committee on the evaluation of production agreements". Read More

CNN Debunks Trump's

CNN Debunks Trump's "Absurd" Claim That Terror Attacks Have Been Undercovered

The President made his allegation, with no evidence to support his claims, while he was making a speech to USA service members at the MacDill Air Force Base in Tampa, Florida on Monday. In his remarks at MacDill Air Force Base yesterday, Donald Trump argued that "the very , very dishonest press doesn't want to report " on terrorist attacks. Read More

IMF's Lagarde says Greece needs work on economic data reporting

But Lagarde said following a speech that the fund in the review of the Greek economy "tried in full honesty to be those ruthless truthtellers" despite the criticism. While European officials insist that the IMF participates in the bailout, the fund says it will not lend more unless the country's long-term debt is sustainable, and that requires further substantial debt relief and realistic budget targets. Read More

Moffett Nathanson Upgrades Twenty-First Century Fox Inc to Buy

Several other equities analysts also recently weighed in on the company. Revenue will be in the share of $360 million to $364 million, which is almost $30 million higher than the third-quarter revenue estimate of $334.79 million. Revenue came in at $7.68 billion, below Wall Street's expected $7.72 billion. On 08/03/2016, the stock reported the EPS of $0.38 where Analysts were projecting the EPS to be $0.37 showing a difference of $0.01. Read More