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Economy

Mobile 5G is coming this year, and now we know the first cities that'll get it. Sprint CEO Marcelo Claure says the company will launch its 5G network on the 2.5 GHz spectrum in the first half of next year. When 5G support will come to Android devices is another big question, with big investments needed by carriers and smartphone makers alike to provide access to the next generation of high-speed data.
  • Lloyds Group targets one million new pension clients by 2020

    Lloyds Group targets one million new pension clients by 2020

    Economy

    Profit was less than expected mainly because of higher charges for payment protection insurance (PPI) after the Financial Conduct Authority's TV advertising campaign featuring Arnold Shwarzenegger attracted more complaints. Laith Khalaf, senior analyst at Hargreaves Lansdown , said: "There's a lot to like in Lloyds' numbers, with profits rising, costs under control, and prodigious amounts of cash being thrown off to shareholders".
  • British police urge customers to stop calling over 'KFC crisis'

    British police urge customers to stop calling over 'KFC crisis'

    Economy

    KFC says about 470 of the fried chicken chain's 900 United Kingdom restaurants remained closed Tuesday because of a chicken shortage. The fast-food chain's website said on Tuesday that just over 250 of its almost 900 restaurants in the United Kingdom and Ireland were open, compared to about 320 the evening before.
  • Stock Trading Check on Bhp Billiton Ltd (BHP)

    Stock Trading Check on Bhp Billiton Ltd (BHP)

    Economy

    Finally, Barclays lifted their price target on shares of BHP Billiton from GBX 1,300 ($17.96) to GBX 1,375 ($19.00) and gave the company an "equal weight" rating in a research report on Tuesday, October 24th. The stock advances 1.5% on Tuesday to 362.8p, although that is less than half the 800p highs of early 2015. Prices for iron ore peaked at almost $US95 a tonne in February 2017, and remained between $US60 and $US70 through the year, helped by continued strong demand from Chinese steel ...
  • Walmart's Revenue Rises, but Profit Falls Amid E-Commerce Push

    Walmart's Revenue Rises, but Profit Falls Amid E-Commerce Push

    Economy

    O'Shea noted that "there was some sacrifice in gross margin in the quarter, which we attribute to holiday promotional activity in the USA, as well as the impact of the ongoing price-driven market share battle with Amazon". NXP jumped 6 percent. That compares with $3.76 billion, or $1.22 per share, in the year-earlier period. Consolidated net income fell 42.1% to $2.175 billion.
  • The Coca-Cola (KO) Given a $49.00 Price Target at Morgan Stanley

    The Coca-Cola (KO) Given a $49.00 Price Target at Morgan Stanley

    Economy

    Virtu Financial LLC purchased a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth $1,280,000. It has underperformed by 17.65% the S&P500. The company was maintained on Wednesday, April 19 by Jefferies. As per Friday, December 16, the company rating was upgraded by CLSA. As per Tuesday, April 11, the company rating was maintained by Bernstein.
  • Nirav Modi denies allegations in PNB scam

    Nirav Modi denies allegations in PNB scam

    Economy

    Nirav Modi , the Jeweler who has been accused of cheating Rs 12,000 crore from the Punjab National Bank has written a letter in which he accuses it of destroying his brand by limiting his time to recover from the dues. "The primary driver for todays rating action is the risk of weakening standalone credit profile of PNB, as a result of a number of fraudulent transactions" through fake letters of undertakings issued by the bank to other lenders worth United States dollars 1.8 billion over ...
  • Realty Income Corp (NYSE:O) Shares Bought by Texas Yale Capital Corp

    Economy

    Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 33.14% since February 20, 2017 and is uptrending. It has outperformed by 18.24% the S&P500. Kilroy Realty has a 12-month low of $62.91 and a 12-month high of $78.33. The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Wells Fargo initiated the shares of SE in report on Friday, December 18 with "Market Perform" rating.
  • Girl Scouts take part in National Cookie Weekend

    Girl Scouts take part in National Cookie Weekend

    Economy

    The Girls Scouts of Colorado have decided it's now cool to peddle their baked goods outside marijuana dispensaries. They partner with a non-profit organization that serves military personnel/veterans to deliver the donated cookies. The California Girl Scout leaders debated on whether there should be repercussions for selling outside of pot shops. It's a fundraiser that helps the scouts get uniforms, badges, and helps with funding activities for the girls.
  • Porsche confirms the death of diesel

    Porsche confirms the death of diesel

    Economy

    The new Panamera sedan and soon-to-be-launched Cayenne large SUV are not now offered with diesel power, which may make a return for full-sized models in the future. In Australia, the scandal has so far only affected about 2100 Porsche Cayenne Diesel models. Porsche halted investment in diesel past year, shifting much of its R&D focus to electrification.
  • Singapore Plans To Raise Goods & Services Tax

    Singapore Plans To Raise Goods & Services Tax

    Economy

    The bonus, which will cost the Government $700 million, comes from this year's Budget surplus of $9.6 billion. The change also means that GST could be applied to a wide variety of software and services, such as mobile app downloads from Google Play Store or Apple AppStore.
  • Gatland makes three changes to team ahead of Ireland clash

    Gatland makes three changes to team ahead of Ireland clash

    Economy

    British & Irish Lions trio Dan Biggar , Liam Williams and Leigh Halfpenny have been named in Wales' starting XV for their Six Nations encounter with Ireland on Saturday. The choice at fly-half wil be an interesting one. With Lion Ross Moriarty also recovering from a shoulder problem, I would suggest Faletau may be given another couple of weeks to recover.
  • SpaceX May Soon Launch Prototype Satellites

    SpaceX May Soon Launch Prototype Satellites

    Economy

    Over the past year, the FCC has approved requests by OneWeb , Space Norway, and Telesat to access the USA market to provide broadband services using satellite technology that, the FCC said, "holds promise to expand Internet access in remote and rural areas across the country".
  • Political Analysts Waiting for Naidu's First Move

    Political Analysts Waiting for Naidu's First Move

    Economy

    He said, "Some are asking for resignations". Naidu pointed out that the BJP had the numbers in the lower house, and dismissed Reddy's "challenge" to the TDP to join him in passing the no-confidence motion as a political move. It will be defeated and you cant talk anything for six months on the issue", Naidu told reporters at the Polavaram project site this afternoon. If you move a no-confidence motion, they (BJP) have majority.
  • Cryptocurrency Miner Infiltrates a Tesla Cloud Server

    Cryptocurrency Miner Infiltrates a Tesla Cloud Server

    Economy

    This isn't the first instance the researchers uncovered: First there was Aviva , a British multinational insurance company, and then Gemalto , the world's largest manufacturer of SIM cards. Upon discovering the incident, RedLock alerted Tesla whereupon the issue was promptly fixed. A Tesla spokesperson confirmed that no customer data was compromised by the breach: "We maintain a bug bounty program to encourage this type of research, and we addressed this vulnerability within hours of ...
  • German Economy Minister Criticizes US Proposals to Increase Tariffs on Steel

    German Economy Minister Criticizes US Proposals to Increase Tariffs on Steel

    Economy

    After an investigation launched in April 2017, the Commerce Department has found that steel and aluminum imports threaten to impair USA national security. In a joint statement , the National Tooling and Machining Association and Precision Metalforming Association said steep tariffs would "devastate" downstream US steel-consuming manufacturers, which employ 6.5 million Americans.
  • USA oil exports could be driven by OPEC's balancing act

    USA oil exports could be driven by OPEC's balancing act

    Economy

    The announcement of a long term alliance between oil producers led by Saudi Arabia and Russian Federation to be ratified by the end of this year is being sold as a safeguard against any wild market price upswings as well as a way to protect the market rebalance supposedly being achieved by the Organization of the Petroleum Exporting Countries' (OPEC) production cuts.
  • Independence Realty Trust, Inc. (NASDAQ:IRT) To Report Earnings

    Economy

    The institutional investor held 241,276 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.78 million, up from 192,413 at the end of the previous reported quarter. EPS is a portion of a company's profit distributed to each outstanding common share. Sfmg Limited Liability Com accumulated 89,390 shares. (NYSE: DLR ) for 60 shares.
  • Working with Karachi Kings triggered my fascination for Pakistan cricket: Arthur

    Working with Karachi Kings triggered my fascination for Pakistan cricket: Arthur

    Economy

    Umar Saif founding Vice Chancellor Information Technology University of the Punjab ( ITU ) have signed Memorandum of Understanding ( MoU ) to use Insights - a unique match analysis and scoring facility developed free of cost by ITU for upcoming edition of HBL Pakistan Super League (PSL) and Domestic matches in Pakistan including Quaid-e-Azam trophy, Pakistan Cup, etc.
  • EnLink Midstream, LLC (NASDAQ:ENLC) To Release Earnings

    Economy

    The stock decreased 0.71% or $0.66 during the last trading session, reaching $92. Antero Midstream Partners LP (NYSE:AM) has risen 39.56% since February 20, 2017 and is uptrending. Investors sentiment decreased to 1.06 in Q3 2017. The biggest holder now is Barry E. Davis who owns 1,047,936 shares (0.58% of those outstanding), whilst A.
  • Rite Aid, Albertsons plan $24B merger

    Rite Aid, Albertsons plan $24B merger

    Economy

    The board of directors will be comprised of nine directors, four of whom will be named by Albertsons (including Bob Miller and Lenard Tessler, vice chairman and senior managing director at Cerberus), four of whom will be named by Rite Aid (including John Standley) and one of whom will be a jointly selected director.