Money

Walmart, Kroger join suppliers in blockchain food safety initiative

Walmart, Kroger join suppliers in blockchain food safety initiative Nobody is happy when their competitors have food safety problems, because it raises questions about the food ecosystem as a whole. Blockchain technology will simplify supply chains with automatic tracking of important information, such as temperature and quality of goods, shipment and delivery dates, and safety certifications of facilities. [Full Article...]

Ford Nears Joint Venture With Chinese EV Automaker Anhui Zotye Automobile

Ford Nears Joint Venture With Chinese EV Automaker Anhui Zotye Automobile The document calls for the creation of a 50/50 joint venture to manufacture electric cars in the world's largest new auto market, and sell them under a Chinese brand name. "Multinationals have been playing a bit of wait and see in China", he said. Overall, Ford is aiming to make sure that 70 percent of the cars its offers in China are electric vehicles by 2025. [Full Article...]

Foot Locker, Inc. (FL) Position Lowered by Retirement Systems of Alabama

Foot Locker, Inc. (FL) Position Lowered by Retirement Systems of Alabama YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer's stock worth $104,000 after buying an additional 213 shares during the last quarter. The athletic footwear retailer reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.90 by $0.28. Foot Locker, Inc. (FL)'s ROE is 21.09%, while industry's is 11.66%. [Full Article...]

Trump Administration Blacklists 4 Russian Citizens, 1 Company Over North Korea

Trump Administration Blacklists 4 Russian Citizens, 1 Company Over North Korea His government has denounced annual U.S. " North Korea generates a significant share of the money it uses to fuel its nuclear and ballistic missile programmes by mining natural resources and selling those resources overseas", the US Treasury Department said in its announcement. [Full Article...]

Analysis of Analyst Stock Recommendation:: Energy Transfer Partners, LP (ETP)

It has underperformed by 16.70% the S&P500. Stock of Energy Transfer Equity, L.P. (NYSE: ETE ) now have an ABR of 1.63.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. Gfw Energ X Lp, a Texas-based fund reported 427,305 shares. Fmr Limited Liability Com, Massachusetts-based fund reported 117,406 shares. Jane Street Gru has 0% invested in Ener... [Full Article...]

Sempra Energy bids $9.45 billion, topping Buffett offer

Sempra Energy bids $9.45 billion, topping Buffett offer The deal came together in the wee hours Sunday night, just before Energy Future's bankruptcy judge was to decide Monday whether he would approve a lower offer from Berkshire. The buyout, expected to be over by the first half of 2018, will be accretive to Sempra Energy's earnings beginning in 2018. Berkshire, which made the offer to Oncor to step up its pursuit of steady profits from utilities ... [Full Article...]

UK Public Finances Log Surplus In July

UK Public Finances Log Surplus In July The surplus in July stood at GBP 184 million compared with the last year's GBP 308 million deficit, the Office for National Statistics said, citing figures that exclude state-controlled banks. Borrowing in 2016-17 was 45.1 billion pounds, revised down from a previous estimate of 46.2 billion pounds. However the overall 2016 vs 2017 comparison shows the United Kingdom is still borrowing more; p... [Full Article...]

Top Editors Ousted, New Leadership Named at Los Angeles Times

Top Editors Ousted, New Leadership Named at Los Angeles Times Former editor-in-chief of the Chicago Sun-Times, Jim Kirk , was named interim executive editor. Tronc also let go of Managing Editor Marc Duvoisin, Deputy Managing Editor for digital Megan Garvey and Assistant Managing Editor of investigations Matt Doig. [Full Article...]

Oil prices fall as market selloff continues

Oil prices fall as market selloff continues Oil futures are lacking direction in Asian trade at the start of the week, after Friday's jump in prices. Yu forecast crude oil demand from China - the world's second largest oil consuming nation - to rise 6.9 per cent this year from last year, with 5.9 per cent year-on-year growth already recorded in the year's first seven months. [Full Article...]

Infosys Shares Fall 14% In Two Days. Should You Buy Now?

Infosys Shares Fall 14% In Two Days. Should You Buy Now? A day after the dramatic departure of technocrat Vishal Sikka as Chief Executive of Infosys , industry experts on Saturday said while his exit was unfortunate, it was not unexpected as he became an unintended victim of the boardroom battles with the co-founders. [Full Article...]

Ford announces petrol and diesel scrappage scheme

Ford announces petrol and diesel scrappage scheme Vauxhall and BMW have already announced similar schemes, as the auto industry struggles to address the air pollution issue and the fallout from the VW emissions scandal. "Air quality is a much bigger debate and getting older vehicles off the road is part of that", he said on BBC Radio 4's Today show. "We don't believe incentivising sales of new cars goes far enough and we will ensure that al... [Full Article...]

In a strategic shift, Hyundai plans long-range premium electric auto

In a strategic shift, Hyundai plans long-range premium electric auto In total Hyundai now plans to ultimately offer eight battery-powered models and two fuel cell powered vehicles in its lineup. In a news conference, Executive Vice President Lee Kwang-guk announced the company's future plans when it comes to environment-friendly transportation. [Full Article...]

Trudeau: Do not enter Canada 'irregularly'

Trudeau: Do not enter Canada 'irregularly' He added that Canada and Ireland must play a leading role in advancing equal rights for the LGBT community around the globe. "If I could directly speak to people seeking asylum, I'd like to remind them there's no advantage", Trudeau said at a news conference Sunday in Montreal. [Full Article...]

BHP Billiton share price steady as investors eye full-year results

BHP Billiton share price steady as investors eye full-year results Total shares held by institutions as of the most recent company filings are 44,425,018 with a reported 8,202,409 bought and 2,106,369 sold. Melbourne-based BHP will consider options including asset sales, a demerger or initial public offering of the United States onshore division - the eighth-largest producer in USA shale fields - and has deferred a potential board decision on approving a US$4.7... [Full Article...]

The solar eclipse could cost American businesses almost $700 million

The solar eclipse could cost American businesses almost $700 million Challenger estimates that workers will need approximately 20 minutes to gather their viewing equipment and find a spot to watch the two- to two-and-a-half-minute solar event. CGC released data in support of an estimated $700 million in lost productivity to its website in the form of a press release . "According to the BLS' most recent American Time Use Survey in 2016, 82.8 percent of employed... [Full Article...]

Wal-Mart Stores, Inc. (NYSE:WMT) Experiences Heavy Trading Volume

Wal-Mart Stores, Inc. (NYSE:WMT) Experiences Heavy Trading Volume Salem Investment Counselors Inc increased Wal ( WMT ) stake by 3.72% reported in 2016Q4 SEC filing. Since the beginning of the calendar year, the stock is -6.22%. $868,299 worth of stock was sold by Gearhart Jeffrey J on Wednesday, May 24. About 1.98 million shares traded. About 4.79 million shares traded. Amazon's massive capacity is also expected to give shoppers confidence to shop online for ... [Full Article...]

United Kingdom firms unprepared for cyberattacks

United Kingdom firms unprepared for cyberattacks Charities also "assumed cyber security was more of an issue for businesses than for charities". But recent cyber attacks have shown the devastating effects of not getting our approach to cyber security right. In June, reports suggested that hundreds of thousands of United Kingdom businesses are at risk of being fined for failing to adhere to the forthcoming EU General Data Protection regulation ... [Full Article...]

McDonald's terminates franchise agreement for 169 outlets in India

McDonald's terminates franchise agreement for 169 outlets in India CPRL is a 50:50 joint venture between entrepreneur Vikram Bakshi and McDonald's, which handles all of the outlets of North and East India. In June, 43 outlets in New Delhi capital were shut due to non-renewal of eating house licences by local authorities. [Full Article...]

Sensex, Nifty tumble as Infosys, global cues continue to hurt markets

Sensex, Nifty tumble as Infosys, global cues continue to hurt markets The company's consultants help organizations with strategies for digital transformation, hands-on engineering and application development, knowledge management, and business process management. Search for a CEO outside the company may prove to be even more challenging given the way Sikka's exit panned out. Sikka was based in Palo Alto, California, and ran India's second largest IT services compa... [Full Article...]

Sempra snatches Oncor from Buffett with US$9.45 bil bid

Sempra snatches Oncor from Buffett with US$9.45 bil bid Sempra will pay around $9.45bn in cash to purchase Energy Future, which owns 80% of Texas-based utility Oncor. It said it will fund the deal with a combination of its own debt and equity, what it called third party equity and "3 billion of investment grade debt at the reorganized holding company". [Full Article...]


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