Money

USA stocks fall on worries about North Korea, Irma

USA stocks fall on worries about North Korea, Irma Wall Street could reverse the current momentum, however, with the Dow Jones Industrial Average priced to gain around 30 points at the opening bell, according to US equity futures, after yesterday's 1% sell-off took more than 234 points from the benchmark by the end of the session. [Full Article...]

Raghuram Rajan: I Did Not Favour Demonetization

Raghuram Rajan: I Did Not Favour Demonetization The book which is all set to release on next week contains a compilation of the speeches he delivered on wide ranges of issues as the RBI governor. Although there might be long-term benefits, I felt the likely short-term economic costs would outweigh them and there were potentially better alternatives to achieve the main goals. [Full Article...]

New York Daily News Sold to Publisher Tronc

New York Daily News Sold to Publisher Tronc The New York Daily News , the storied century-old tabloid known for its provocative headlines, has been sold for US$1 (RM4.26), in the latest sign of turmoil in the newspaper sector. "We look forward to continuing this great tradition and appreciate his faithful stewardship as its owner", said Timothy Knight, tronc President. The report said printing operations for the Courant will be moved t... [Full Article...]

Harvey residential flood loss estimated at up to $9.5bn

Harvey residential flood loss estimated at up to $9.5bn Louisiana's two USA senators think the Congress will vote to extend the National Flood Insurance Program , at least for the short-term. In Romania, fewer and fewer people are insuring their homes against flooding. The Government Accountability Office (GAO) was quoted as saying the program has "structural weaknesses in how the program is funded, since the program offers rates that do not refle... [Full Article...]

Gas Prices Soar Ahead of Labor Day Weekend

Gas Prices Soar Ahead of Labor Day Weekend Harvey forced parts of the Colonial Pipeline to shut down . Prices are expected to shoot up throughout the country after Harvey shut down or slowed down over a dozen refineries in the Gulf Coast. Last week, those same drivers were paying about $2.09 a gallon. USA crude production continues to stall following the storm. Gas prices in the region are up nearly 20 cents from this time last week,... [Full Article...]

Charter Customer Data Left Sitting on an Open Server

Charter Customer Data Left Sitting on an Open Server According to a report published on Kromtech's MacKeeper Security Research Center , two cloud-based data repositories managed by BroadSoft Inc . that contained sensitive customer information were configured to enable public access, leaving the information exposed. [Full Article...]

Michael & Susan Dell Foundation Launches Rebuild Texas Fund

Michael & Susan Dell Foundation Launches Rebuild Texas Fund The massive gift is part of an even bigger project called the Rebuild Texas Fund that is being kicked off by their Michael and Susan Dell Foundation . In a prepared statement, the Dells said that the disaster was personal to all with roots in Texas. Walmart pledged up to $20 million in cash, products and matching donations. [Full Article...]

Had no news on rejig, says Nitish Kumar

Had no news on rejig, says Nitish Kumar One who leaves his people won't be taken in by others. His younger son and former Deputy Chief Minister Tejaswi Yadav too took a dig at the JD (U). Before leaving for BRICS summit in China, Modi expanded his cabinet by bringing in nine new more new faces. [Full Article...]

Modi Cabinet reshuffle: Kerala's Alphons Kannanthanam sworn in Minister of State

Modi Cabinet reshuffle: Kerala's Alphons Kannanthanam sworn in Minister of State He also said that despite portfolio, he would serve as Kerala's voice at Centre. The 64-year-old is a former IAS officer and was sworn in as the state minister for Tourism, Electronics and Information Technology. Ganesh, organising general secretary in the state BJP leadership, were in New Delhi on Friday were not aware of it Mr Kannanthanam's ascension until the latter called up the state uni... [Full Article...]

Roku seeking IPO of $100M

Roku seeking IPO of $100M Nine companies filed for IPOs last week, including NuCana ($150 million), Deciphera Pharmaceuticals ($100 million), RYB Education ($100 million), Nightstar Therapeutics ($86 million), Sol-Gel Technologies ($86 million), Restoration Robotics ($29 million), RumbleOn ($25 million), and Ambow Education Holdings ($5 million). [Full Article...]

Cowboys release Thornton, fill spot with Price from Packers

Cowboys release Thornton, fill spot with Price from Packers Hill completed 14 of 20 passes for 149 yards and two touchdowns in three games while adding 71 rushing yards and a 23-yard touchdown run, the game-winning score in victory over Washington. Green Bay chose to keep only two quarterbacks - Aaron Rodgers and Brett Hundley - on their active roster. Yet, he didn't do enough to beat out Christian Ringo and because he still has practice-squad eligibility... [Full Article...]

Ric Flair: I ain't dead yet!

Ric Flair: I ain't dead yet! Naitch made good on his promise just a few days later with this epic promo thanking all his fans for the love and support ... and promising to see everyone very soon. "All I can say is that I had a great conversation for about five minutes and we were both laughing". "Nature Boy" Ric Flair has a message for all of you: He's not dead yet. [Full Article...]

Nirmala Sitharaman is India's defence minister

Nirmala Sitharaman is India's defence minister Ms Uma Bharti was divested of the Prime Minister's pet ministry, Ganga rejuvenation and water resources, and shifted to the ministry for water and sanitation. Goel became MoS without independent charge and has been given portfolios of Parliamentary Affairs and Statistics and Programme Implementation. Ex-Mumbai Police Commissioner Satypal Singh and former Union Home secretary R K Singh have also ... [Full Article...]

Matsuyama off pace at Dell Technologies C'ship, Johnson leads

Matsuyama off pace at Dell Technologies C'ship, Johnson leads The 28-year-old Northern Irishman recorded a three-over-par 74 in the second round in America, holing four bogeys and a double bogey. His only mistakes were a three-putt bogey and a tee shot that he had to play out of a hazard in the woods. [Full Article...]

Near-Record Temperatures as San Diego Heat Weave Continues into Weekend

Near-Record Temperatures as San Diego Heat Weave Continues into Weekend Wildfires across the West have worsened conditions for residents in the region. The National Weather Service reported that San Francisco's high minimum temperature was 69 degrees on Saturday, a record that hasn't been touched since 1941. [Full Article...]

Piyush Goyal replaces Suresh Prabhu as Railways minister

Piyush Goyal replaces Suresh Prabhu as Railways minister Railways is facing loss of Rs 36000 crore annually owing to passenger fare subsidy. The first priority would be take steps to increase safety and ensure that no accidents take place. He also oversaw the BJP's publicity and advertising campaign including the social media outreach during the 2014 Lok Sabha elections. The 53-year-old former investment banker, Goyal is entering the Rail Bhavan loc... [Full Article...]

Theresa May Cannot Pretend She Is Margaret Thatcher, Grant Shapps Warns

Theresa May Cannot Pretend She Is Margaret Thatcher, Grant Shapps Warns International Trade Secretary Liam Fox, who was in Japan with a United Kingdom business delegation, told Sky News: "Well I think that we will look at the Prime Minister's record". She hoped to silence weeks of media reports that she could leave office as early as the annual party conference in October, an event where political careers have been made or broken in the past. [Full Article...]

Justin Verlander posts goodbye to Tigers after trade

Justin Verlander posts goodbye to Tigers after trade Earlier in the day, the Tigers acquired the Angels' No. 9 prospect, right-hander Grayson Long , in a deal for outfielder Justin Upton . While he is prone to striking out, it pairs an impact power bat alongside Mike Trout in Los Angeles' lineup. [Full Article...]

The Oxbow Advisors LLC Boosts Stake in Wells Fargo & Company

The Oxbow Advisors LLC Boosts Stake in Wells Fargo & Company The firm earned "Neutral" rating on Monday, June 13 by DA Davidson. On Thursday, July 30 the stock rating was maintained by Howard Weil with "Sector Perform". They expect $2.08 EPS, up 13.04% or $0.24 from last year's $1.84 per share. The firm has a market cap of $252.84 billion, a P/E ratio of 12.546 and a beta of 0.95. [Full Article...]

Wal-Mart Stores Inc

Wal-Mart Stores Inc The SI to Wal Mart Stores Incorporated's float is 2.89%. About 6.81 million shares traded. Wal-Mart Stores (NYSE: WMT ) last posted its earnings results on Thursday, August 17th. Westpac Banking holds 0% or 12,151 shares in its portfolio. Raymond James downgraded the shares of AMZN in report on Tuesday, March 22 to "Outperform" rating. [Full Article...]


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