Economy

by | August 17, 2017 | 13:53

Up for grabs are the more than 300,000 internet-based bookings per day cornered by TNC main players Grab and Uber. Ejercito made this statement on the sidelines of the closed-door meeting between representatives of the LTFRB and Uber in the Senate led by Senator Grace Poe, chair of the Senate Committee on Public Services.

by | August 16, 2017 | 15:48

Air Berlin said the talks with Lufthansa "and other partners" about acquiring its assets were already far advanced. Air Berlin chief executive Thomas Winkelmann states: "We are working tirelessly to achieve the best possible outcome for the company, our customers and employees, given the situation".

by | August 16, 2017 | 15:47

The data, coming less than six weeks before a federal election in which Chancellor Angela Merkel seeks to win a fourth term, underlines the continued strength of the German economy compared with its peers. growth and Brexit uncertainty. The slight miss was still a solid print for the German economy, with annual growth increasing to 2.1% from 1.7% in Q1.

by | August 14, 2017 | 01:23

Trump informed Chinese President Xi Jinping Friday night of the upcoming memorandum, a senior administration official told CNN Friday. But the United States has rarely used the trade tool since the WTO came into being in 1995. "If Americans continue to have their best technologies and intellectual property stolen or forcibly transferred off-shore, the United States will find it hard to maintain its current technology leadership position", they added.

by | August 12, 2017 | 00:28

Tesla CEO Elon Musk announced over 12 months ago that he was planning to produce a heavy-duty electric truck. In an email to the Nevada DMV, Tesla sought permission to "operate our prototype test trucks in a continuous manner across the state line and within the states of Nevada and California in a platooning and/or autonomous mode without having a person in the vehicle", which would be one of the first tests not including a human driver in the vehicle if permitted.

by | August 10, 2017 | 00:33

North Korea said it was considering a missile strike on the US military base in Guam, as US President Donald Trump threatened Pyongyang with "fire and fury". The CBOE Volatility Index (VIX ), widely considered the best gauge of fear in the market, rose almost 11 percent to break above 12. Telecom, chemical, and brokerage stocks also saw notable weakness, while most of the other major sectors showed more modest moves.

by | August 05, 2017 | 00:27

Wells Fargo downgraded the shares of TEVA in report on Monday, January 9 to "Market Perform" rating. WARNING: " Teva Pharmaceutical Industries Limited's ( TEVA ) "Hold" Rating Reiterated at Maxim Group" was originally reported by Community Financial News and is the sole property of of Community Financial News.

by | August 03, 2017 | 01:05

The company released the official results today delivered higher on revenue of ~$2.8 billion and missed on earnings with a loss of $2.04 per share (GAAP). Straubel Jeffrey B had sold 109,100 shares worth $33.58 million on Monday, May 8. DENHOLM ROBYN M sold $6.24M worth of stock or 20,000 shares. The disclosure for this sale can be found here.

by | August 03, 2017 | 01:00

Falling retail inflation, which fell to a historic low of 1.54 per cent in June, slowing economy that grew at a subdued 6.1 per cent last quarter, and weak private-sector investment are prompting a rate revision. "Given the liquidity conditions prevailing and that we have reduced policy rates by substantial amount since start of easing cycle, I think there is scope for banks to reduce lending rate for those segments".

by | August 02, 2017 | 00:44

The company has been exploring deal options with T-Mobile US Inc but faces the hurdle of reaching an agreement on price as well as getting the deal approved by regulators. "Every time a new carrier launches a new promotion or changes the way they do business... that automatically causes the market to shift", he said. Revenue totalled to $8.16 billion, compared to $8.01 billion in the previous year and analysts' expectations of $8.11 billion.

by | August 01, 2017 | 22:58

Discovery Communications (NASDAQ: DISCK ) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.68 EPS for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.04. Discovery Communications now has an average rating of "Hold" and an average target price of $28.65. Discovery and Scripps are also grappling with changing models of distribution, as cable companies respond to falling subscriber numbers with their own online platforms and less ...

by | August 01, 2017 | 22:56

Spain, which has the second-highest rate of unemployment in the eurozone at 17.1 percent, saw the biggest fall - down from 2.8 percent from the previous year. The ECB targets inflation of "just below 2 percent". Eurozone unemployment fell further in June to reach its lowest level since February 2009, continuing the trend of a strengthening European economy.

by | July 28, 2017 | 00:24

AstraZeneca along with its global biologics R&D research arm MedImmune announced that their immune-oncology combo-treatment for non-small cell lung cancer, or NSCLC, did not meet the primary endpoint in a late-stage study. The company kept its interim dividend of 90.0 cents per share unchanged. Ahead of today's announcements analysts had warned AstraZeneca had "become a one trial company" due to its reliance on the Mystic readout.

by | July 27, 2017 | 18:26

Mr. Schmidt had been awaiting trial while behind bars in MI. His lawyers disclosed the plan during a brief conference with a judge, spokesman David Ashenfelter said. It's unclear if Schmidt will plead guilty to every count. Most of the Volkswagen executives charged are in Germany and may not travel to the United States since Germany typically does not extradite its citizens.

by | July 26, 2017 | 01:08

The business had revenue of $342.80 million during the quarter, compared to analyst estimates of $310.58 million. Barnes & Noble stock recently enjoyed a bounce on the heels of its better-than-expected quarterly results in June. Barnes & Noble Education, Inc.is a contract operator of bookstores on college and university campuses across the United States and a well-known provider of digital education services.

by | July 26, 2017 | 01:06

It's considered likely that the USA would demand Britain open up its market to chlorine-washed chicken as part of any trade deal, and BuzzFeed reported back in February that the American farming lobby was pushing for it. US farm leaders have said they hope the two governments can establish a trading relationship in which the U.K.is open to more imports from the USA, including chlorine-washed chicken and biotech products, than European Union officials in Brussels have been willing to ...

by | July 22, 2017 | 00:56

Dublin is the "natural location to consolidate our legal entities as we transition", Moynihan said, noting the bank already has a fully licenced Irish-domiciled bank and nearly 50 years of operation in the city. The Irish workforce at Bank of America's operations, based between Leopardstown and Hatch Street, is now in the process of growing from 600 to 700 people, but it is not yet clear what figure this number will grow to.

by | July 22, 2017 | 00:55

Lyft is getting bolder in the wake of Uber's unraveling. While Uber's self-driving plans have mostly been a solo effort, Lyft has announced what it calls its Open Platform Initiative , a way to develop autonomous vehicle technology in conjunction with automakers and technology companies.

by | July 20, 2017 | 00:59

The company was maintained on Thursday, February 9 by HSBC. Peel Hunt reaffirmed a buy rating on shares of ASOS plc in a research note on Friday, June 9th. Northcoast Asset Ltd Com accumulated 3,343 shares or 0.03% of the stock. The Pictet North America Advisors Sa holds 272,877 shares with $7.46 million value, down from 287,577 last quarter.

by | July 20, 2017 | 00:54

I don't take additional pressure. Mine will be a refresh button that will be pushed and I carry on from where I left. It will be a big test for the coach captain duo in their first task. "That's something that I have focused on in the last couple of months and I continue to do so, lot of speculation and things fly around - those things are not in my control".