Business


BMW 530e iPerformance will get wireless charging this summer BMW 530e iPerformance will get wireless charging this summer
- May 14, 2018

However just like our smartphones which are starting to feature more wireless charging, it looks like BMW's wireless charging solution for electric cars is only a couple of months away. The reason for the lease requirement to get the tech is because this is how most of the plug-in 530 cars are sold in Western Europe. You can think of the system as a larger version of the wireless inductive system that wirelessly charges your toothbrush or cell phone. (more...)
Secretary of State says 'hopeful' US, Europe can strike deal over Iran Secretary of State says 'hopeful' US, Europe can strike deal over Iran
- May 14, 2018

Mogherini launched a thinly veiled verbal assault on the US President as she set out her determination to save the Iran nuclear deal during an address in Florence today. Don't take my word for it. Germany, France and Britain were three of the six signatories to the 2015 pact which saw sanctions lifted in return for the commitment by Tehran not to acquire nuclear weapons. (more...)
Britain Firmly Committed To Ensuring Iran Nuclear Deal: May Britain Firmly Committed To Ensuring Iran Nuclear Deal: May
- May 14, 2018

He said the oil price was unlikely to fall below US$70 a barrel in the near future. But Richard Grenell, the USA ambassador to Germany, warned firms that continue to do business there would face consequences. Iran also can, at will, destabilize Iraq and Afghanistan. The president's dramatic withdrawal from the Iran nuclear deal was the most vivid illustration to date of how his impulses and capricious instincts tend to pull him in paradoxical directions. (more...)
National Amusements Fires Back At CBS Suit, Says It's National Amusements Fires Back At CBS Suit, Says It's "Outraged" By Allegations
- May 14, 2018

The network will hold its annual "upfront" presentation for advertisers on Wednesday afternoon. The Special Committee has taken this step because it believes it is in the best interests of all CBS stockholders, is necessary to protect stockholders' interests and would unlock significant stockholder value. (more...)
Vanguard Small Cap Index Fund (VB) Shares Bought by SPC Financial Inc Vanguard Small Cap Index Fund (VB) Shares Bought by SPC Financial Inc
- May 14, 2018

The ETF is -4.38% of its 52-Week High and 0.42% of its low, and is now having ATR of 0.13. The Company kept 479.03M Floating Shares and holds 485.9M shares outstanding. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. (more...)
Realty Income Corp (NYSE:O) Shifting Institutional Investors Sentiment
- May 14, 2018

The stock decreased 0.99% or $0.53 during the last trading session, reaching $52.99. Following the completion of the transaction, the director now directly owns 189,933 shares of the company's stock, valued at approximately $8,962,938.27. Its up 1.81% from 210,200 shares previously. Georgia-based Voya Inv Mgmt Limited Liability Co has invested 0.01% in Kimco Realty Corporation (NYSE:KIM). (more...)
Retail inflation increases to 4.58% in April Retail inflation increases to 4.58% in April
- May 14, 2018

The overall index rose 0.7% on month in April to 116.8. The index for " Food Articles " group rose by 1.9 percent to 139.8 (provisional) from 137.2 (provisional) for the previous month due to higher price of tea (18 percent), fruits and vegetables (eight percent) and pork, paddy and maize (one percent each). (more...)
Rhetoric over US exit from Iran deal rises amid sanctions threat Rhetoric over US exit from Iran deal rises amid sanctions threat
- May 14, 2018

It was the most serious military confrontation between the two rivals to date. He ended on a hopeful note after acknowledging that Iran's leaders had ruled out new nuclear negotiations: "But the fact is they are going to want to make a new and lasting deal, one that benefits all of Iran and the Iranian people". (more...)
Citigroup Boosts Amazon.com (NASDAQ:AMZN) Price Target to $1900.00 Citigroup Boosts Amazon.com (NASDAQ:AMZN) Price Target to $1900.00
- May 14, 2018

Cooke & Bieler Lp who had been investing in Genpact Ltd for a number of months, seems to be less bullish one the $5.93B market cap company. Avnet, Inc. 69 investors sold all, 578 reduced holdings as AMZN ratio improved. 168 funds acquired stakes and 667 increased stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported. (more...)
HSBC Says Trade Deal Shows Blockchain Viable for Trade Finance HSBC Says Trade Deal Shows Blockchain Viable for Trade Finance
- May 14, 2018

But they could offer speed, security and transparency for supply chains and cumbersome financial dealings such as trade finance. The technology is expected to minimize paper works, cut cost, and hasten transaction time . Referring to a study of the United Nations, HSBC said that using blockchain and transforming all trade-related paperworks into the electronic format can cut the time by up to 44%, and expense by up to 31%, in exporting goods. (more...)
Asiana Flight Collides with Turkish Plane in Istanbul Asiana Flight Collides with Turkish Plane in Istanbul
- May 14, 2018

Asiana Airlines declined to comment when contacted by FlightGlobal , noting that the accident was being investigated by Turkish and South Korean authorities. The collision resulted in a fire on the Turkish Airlines plane, with firemen rushing to the scene, the news organisation said. With its customary Turkish hospitality, Turkish Airlines takes pride in curating a delightfully different experience for its passengers and going beyond expectations with its array of unique products and ... (more...)
More than 100000 energy accounts switched from British Gas More than 100000 energy accounts switched from British Gas
- May 14, 2018

That is roughly equivalent to 70,000 customers as many households buy their gas and electricity from British Gas, so will have two accounts. In a trading update, the firm said the United Kingdom energy retail market remained tough, with retail arm British Gas shedding 110,000 customers from January to April. (more...)
CBS sues Redstones over dilutive dividend, endangering Viacom deal CBS sues Redstones over dilutive dividend, endangering Viacom deal
- May 14, 2018

The network will hold its annual "upfront" presentation for advertisers on Wednesday afternoon. The lawsuit seeks to prevent National Amusements from interfering with a special meeting of the board of directors. "CBS's management team, led by Leslie Moonves (CEO and Chairman), is one of the most accomplished and successful in the media business", states the complaint. (more...)
Pittsburgh gas prices unchanged; could hit $3 per gallon nationally Pittsburgh gas prices unchanged; could hit $3 per gallon nationally
- May 14, 2018

Metro Detroit's average is about 57 cents more than this same time past year. Prices are about 52 cents more than this same time a year ago. That was followed by the Punta Gorda and the Orlando markets where prices stood at $2.79 per gallon on Sunday . (more...)
Russian Federation names preliminary squad for World Cup Russian Federation names preliminary squad for World Cup
- May 14, 2018

The FIFA World Cup kicks off in thirty four days from today, and about 90 percent of the tickets to the matches have been sold, chairman of the tournament's organizing committee Alexey Sorokin said. "We can already predict that we will have full stands at each match of the World Cup", Sorokin said. "In general, the freedom of the press is very important to Federation Internationale de Football Association and we want to offer media representatives the best possible conditions for them to ... (more...)
Oil prices falling: Europe and Asia resisting USA sanctions on Iran Oil prices falling: Europe and Asia resisting USA sanctions on Iran
- May 14, 2018

Oil prices have been a bit of a roller-coaster ride so far this year, going up and down between its lowest point of $59 (£43) per barrel in February on the West Texas Intermediate (WTI) index to peaking earlier this month at nearly $72 (£53). (more...)
CBI files chargesheet against Nirav Modi in $2-billion PNB scam CBI files chargesheet against Nirav Modi in $2-billion PNB scam
- May 14, 2018

Following this, it is also to be noted that the accused would not be able to sought for bail. The CBI today filed its first charge sheet in the country's largest financial scam worth over USD Rs 2 billion in Punjab National Bank by billionaire jeweller Nirav Modi , detailing the alleged role of the bank's former chief Usha Ananthasubramanian , who is now Allahabad Bank CEO and MD, officials said. (more...)
Violence mars panchayat elections in West Bengal: 10 points Violence mars panchayat elections in West Bengal: 10 points
- May 14, 2018

However, the elections have been marred with instances of violence and allegations of booth capturing. "So, I ordered his arrest", Mamata said in an attempt to send out a message that the government would not spare law violators. In the Bhangar area of the same district, police resorted to lathi-charge and lobbed tear gas shells to disperse a mob following clashes there, the SEC official said, adding that the police were asked to submit a report regarding the incident. (more...)
Walmart's deal to buy Flipkart came with an interesting caveat Walmart's deal to buy Flipkart came with an interesting caveat
- May 14, 2018

Walmart has been embracing a more acquisitive approach to ramping up online growth, rather than attempting to do so organically, given the importance of rapidly building scale as other fast-growing online competitors such as www.amazon.com keep expanding. (more...)
Could BHP Billiton plc (BBL) Change Direction After Touching 52-Week High? Could BHP Billiton plc (BBL) Change Direction After Touching 52-Week High?
- May 14, 2018

BHP Billiton stock traded up $0.66 during mid-day trading on Friday, reaching $45.96. BHP Billiton Limited (NYSE:BHP) having $50.41 share price and $52.43 PT touched one-year high. BHP Billiton Limited (ADR) had 63 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup upgraded the shares of BHP in report on Wednesday, April 4 to "Buy" rating . (more...)
Xerox, Under Activists' Pressure, Calls Off Merger With Fujifilm Xerox, Under Activists' Pressure, Calls Off Merger With Fujifilm
- May 14, 2018

The US photocopier and printer manufacturer affirm Fujifilm failed to provide audited financials in an "acceptable" timeframe, therefore impairing its ability to finalise the transaction. In Tokyo, Fujifilm said Monday that Xerox has no right to withdraw from the agreement and urged the company to hold a shareholders' meeting. "We are extremely pleased that Xerox finally terminated the ill-advised scheme to cede control of the company to Fujifilm", Icahn said in a statement . (more...)
Andrew McCutchen returns to Pittsburgh for first time as a Giant Andrew McCutchen returns to Pittsburgh for first time as a Giant
- May 14, 2018

The career.308 hitter features a stellar.304 average with two home runs and 14 RBI's on the season. With the bases loaded and Mercer at the plate, Watson wanted to attack his former teammate on the inside corner, but delivered a fastball too far inside that ultimately plated the winning run. (more...)
Utah police: Tesla slams into truck stopped at red light Utah police: Tesla slams into truck stopped at red light
- May 14, 2018

The Tesla's air bags were activated in the crash, South Jordan police Sgt. Samuel Winkler said. The female driver suffered a broken ankle and there was extensive damage to the auto, according to police. News of the crash came as a top Tesla official who had been the main technical contact with USA safety investigators left the company to join rival Waymo. (more...)
Russia, Germany speak about preserving Iranian nuclear deal Russia, Germany speak about preserving Iranian nuclear deal
- May 14, 2018

Moscow and Tehran will continue to cooperate on the Joint Comprehensive Plan of Action on Iran's nuclear program after the USA pulled out of the deal, Russia's foreign ministry said Thursday. The foreign ministers of Germany, France and the United Kingdom - three European signatories of the 2015 deal with Iran - are scheduled to meet their Iranian counterpart Javad Zarif on Tuesday in Brussels. (more...)
Oil holds near multi-year highs on Iran supply concerns Oil holds near multi-year highs on Iran supply concerns
- May 14, 2018

Mr Le Maire said: "We want to reinforce this regulation and incorporate the recent decisions taken by the United States ". Therefore they have to provide the hawks in the Trump administration (Pompeo, Bolton, et al.) with a plausible pretext for starting the war, and a couple of downed Israeli planes would do nicely. (more...)
Europe moves to safeguard interests in Iran after U.S. pullout Europe moves to safeguard interests in Iran after U.S. pullout
- May 14, 2018

In an interview on CNN's State of the Union Sunday, Bolton was asked about his past hawkish comments on Iran in the wake of President Donald Trump pulling out of the Iran nuclear deal . German Economy Minister Peter Altmaier said he would work with affected companies to try to "minimise the negative consequences" of the U.S. move, adding: "That means, it is concretely about damage limitation". (more...)
Turkey says US Iran deal pullout 'opportunity' for Ankara Turkey says US Iran deal pullout 'opportunity' for Ankara
- May 14, 2018

The Kremlin said in a statement that the two strongmen "emphasised that the safeguarding of the JCPOA (the formal abbreviation for the accord) is very important for worldwide and regional security as well as the nuclear non-proliferation regime". (more...)
This Robot Dog Can Navigate Your Office Flawlessly This Robot Dog Can Navigate Your Office Flawlessly
- May 13, 2018

At a TechCrunch robotics event on Friday, Boston Dynamics founder Marc Raibert announced its robotic dog SpotMini is now in "pre-production". Raibert said the SpotMini, which they claim is the " quietest robot [they] have built ", is already in pre-production and preparing for commercial availability in 2019. (more...)
U.S. sanctions on European companies doing business with Iran 'possible,' Bolton says U.S. sanctions on European companies doing business with Iran 'possible,' Bolton says
- May 13, 2018

Asked if the US would consider imposing sanctions on European nations that continue to honor the deal, Bolton said "it's possible". Bolton asserted that Iran has been increasingly exercising its military power in the Middle East "under cover" of its nuclear deal with the US and its European allies. (more...)
Chili's reports data breach Chili's reports data breach
- May 13, 2018

Chili's Grill & Bar is warning customers about a credit data breach that has put customer information at risk. The company believes it is limited to between March and April 2018 and only for in-restaurant purchases. We immediately activated our response plan upon learning of this incident. The company is using third party forensic experts to determine the extent of the breach. (more...)

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