• Wells Fargo & Company (NASDAQ:WFC) To Report Earnings

    Wells Fargo & Company (NASDAQ:WFC) To Report Earnings

    Finance

    Basswood Cap Management Llc has 3.84% invested in Wells Fargo & Company (NYSE: WFC ). Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $63.40. Vanguard Group Inc. increased its holdings in shares of Wells Fargo & Co by 1.2% in the second quarter. In a preview note covering major USA banks this week, Deutsche Bank analyst Matt O-Connor highlighted the tax reform bill as a key focus, in the form of both positives and negatives.
  • Inflation at 17-month high, rises to 5.21 pc in Dec, 2017

    Inflation at 17-month high, rises to 5.21 pc in Dec, 2017

    Finance

    Economists polled by Reuters had forecast core CPI rising 0.2 percent month-on-month and holding steady at 1.7 percent on an annual basis. In December 2015, it was 3.41 per cent. The CPI inflation , which has been rising for two consecutive month in November, was also higher than market expectations for the third time. The RBI, which has a medium-term inflation target of 4 per cent, has raised its inflation estimate to 4.3 per cent to 4.7 per cent for the six months through March.
  • India's Infosys posts 38 pct jump in Q3 profit on tax deal

    India's Infosys posts 38 pct jump in Q3 profit on tax deal

    Finance

    The net profit was higher than CNBC-TV18 estimates of Rs3,609 crore. Infosys also maintained its expectation for full-year revenue growth of between 5.5 and 6.5 percent. The Infosys exchange filing said that its revenues in the third quarter increased by 8% in terms of the United States dollar. Analysts at HDFC Securities projected profits of Rs 5,182 crore, including the tax reversal, which implies they expected Infosys to report profit growth of 1 percent, excluding the tax reversal component.
  • Fiat Chrysler to invest $1b in Michigan plant, add 2500 jobs

    Fiat Chrysler to invest $1b in Michigan plant, add 2500 jobs

    Finance

    Wal-Mart Stores Inc. said earlier Thursday it will boost wages to $11 an hour and also give as much $1,000 bonuses to employees after Trump and Congress cut the USA corporate tax rate to 21 percent from 35 percent late previous year. "Part of it also is showing the administration how many workers they have here in the U.S." and signaling the company will "pump that money right into the economy".
  • Marriott website shut for cleanup

    Marriott website shut for cleanup

    Finance

    USA -based Delta, Spanish clothing chain Zara and US medical device maker Medtronic were targeted, the Liberty Times reported. Civil Aviation Administration of China said on its website it would require all foreign airlines operating routes to China to conduct comprehensive investigation of their websites, apps and customer-related information and "strictly comply with China's laws and regulations to prevent a similar thing from happening".
  • GM says it's mass-producing cars without steering wheels

    GM says it's mass-producing cars without steering wheels

    Finance

    Mr Vogt said the self-driving Bolt has redundant systems built in to back up the driving systems. If there's a problem, the vehicle will slow down, pull over to the roadside and stop. Cruise's auto had to navigate construction blocking the lane more than 18 times as often in the Bay Area and had to deal with emergency vehicles 270 times, versus six Phoenix encounters, according to the report .
  • China's trade surplus continues to narrow in 2017

    China's trade surplus continues to narrow in 2017

    Finance

    China's trade data capped a robust year despite numerous concerns over the health of its economy. That was despite-wide ranging concerns about the Chinese economy, including high debt levels, asset bubbles and a slowdown in industrial sectors.
  • Uber built secret program to evade law enforcement

    Uber built secret program to evade law enforcement

    Finance

    However, what is out of the ordinary in this case it how frequently Ripley has been employed. While we know that many companies tend to have a remote "panic button" to shut off computers if a police raid were to occur, Uber's secret tool is on a different level.
  • Alabama incentives for Toyota-Mazda factory top $700 million

    Alabama incentives for Toyota-Mazda factory top $700 million

    Finance

    Several states competed for the plant, which will be able to turn out 300,000 vehicles per year. Production is expected to begin by 2021. The companies originally announced plans for a USA plant in August when the two Japanese automakers signed a joint venture agreement, though the exact location was not known at that time.
  • Where to watch PSLV C40 Cartostat-2 series lift off online

    Where to watch PSLV C40 Cartostat-2 series lift off online

    Finance

    ISRO's launch vehicle Polar Satellite Launch Vehicle (PSLV) C-40 will carry the satellites from Satish Dhawan Space Center (SDSC) in Sriharikota on January 12. ISRO had successfully launched Cartosat-2 Series satellite on June 22, 2016. The Indian satellites are 710 kg Cartosat-2 series for Earth observation as the primary satellite of the mission, along with co-passenger payloads, including 100 kg micro satellite and a 10 kg nano satellite.
  • Malaysia To Resume Search For Flight MH 370

    Malaysia To Resume Search For Flight MH 370

    Finance

    Malaysian transport minister Liow Tiong Lai said a Houston-based private firm, Ocean Infinity, would search for MH370 in that 25,000-sq-km priority area on a "no-cure, no-fee" basis, meaning it will only get paid if it finds the plane. The vessel will have 65 crew, including two government representatives drawn from the Malaysian navy. The search will begin on 17 January, said Ocean Infinity chief executive Oliver Plunkett, who attended the signing event.
  • Ford Warns Against Driving Certain 2006 Ranger Pickups

    Ford Warns Against Driving Certain 2006 Ranger Pickups

    Finance

    Ford inspectors confirmed days later that a faulty Takata air bag inflater ruptured, "resulting in a driver fatality", the company said in a statement . Today, Ford issued a critical warning that certain recalled model year 2006 Ford Rangers with defective Takata air bags are an immediate risk to safety.
  • Asian shares step back from 2007 peak, oil at three-year high

    Asian shares step back from 2007 peak, oil at three-year high

    Finance

    U.S. oil prices closed above $60 a barrel on the final trading day of the year 2017, the first time since mid-2015, as the commodity ended the year with a 12pc gain spurred by strong demand and declining global inventories. One can expect him to further put down the peddle in the New Year. The Trump administration has proposed to open up vast new territory for offshore oil and gas drilling, going so far as to push drilling in areas now off limits.
  • Dropbox files confidentially for US IPO, source says

    Dropbox files confidentially for US IPO, source says

    Finance

    Other banks may be brought on board to fill additional rolls on the IPO. That's made it easier for Dropbox to cut costs while speeding file transfers, Chief Operating Officer Dennis Woodside said in an interview past year. Confidential filings, which were enabled by the JOBS Act, allow companies to submit paperwork to the SEC without public scrutiny. Dropbox's main competitor, Box Inc, was valued at roughly $1.67 billion in its IPO in 2015, less than the $2.4 billion it had been valued at in ...
  • IKEA ad requires pregnant women to urinate for a discount

    IKEA ad requires pregnant women to urinate for a discount

    Finance

    Certainly unconventional but incredibly clever, the advertisement features a solitary photo of a Sundvik crib with a price tag attached. However, if you pee on a strip at the bottom of the ad and it detects that you're pregnant, the price of the crib magically becomes 495 krona, or $61.
  • Power Being Restored At CES After Outage

    Power Being Restored At CES After Outage

    Finance

    The convention center's Central Hall which features massive booths for tech giants Sony, Samsung, Intel, and LG, were also affected. The trade fair is marketed as the "world's gathering place for all those who thrive on the business of consumer technologies".
  • Circuit City plans comeback online

    Circuit City plans comeback online

    Finance

    Circuit City filed for bankruptcy in 2008 and tried to operate online before closing its last store in 2009. Circuit City CEO Ronny Schmoel said the company will relaunch its e-commerce website on February 15 and eventually roll out small-scale versions of its stores as kiosks, store in-stores and other experimental settings.
  • Walmart to pay employee bonuses, boosts minimum wage

    Walmart to pay employee bonuses, boosts minimum wage

    Finance

    The pay increase and bonus will benefit more than 1 million United States hourly workers, it said , but the pay increase remains far below the $15 an hour unions and pressure groups say is needed to make up for decades of low growth in retail wages.
  • Four New Diet Coke Flavors Set To Land In Canada This February

    Four New Diet Coke Flavors Set To Land In Canada This February

    Finance

    It worsened, as 48 investors sold KO shares while 641 reduced holdings. TRADEMARK VIOLATION WARNING: "The Coca-Cola Co (KO) Position Trimmed by Trust Co. The stock has "Buy" rating by Stifel Nicolaus on Tuesday, January 12. The firm has "Hold" rating by Jefferies given on Friday, October 6. Twin Management has 411,920 shares.