Markets


Asahi's €7.3bn deal for AB InBev's central and eastern Europe business
- December 15, 2016

The deal, for a much higher than expected price, includes Pilsner Urquell, the best-selling Czech lager, popular Polish brands such as Tyskie and Lech, Romania's Ursus, Hungary's Dreher and the Slovakian beer Topvar. Asahi said in a statement the acquisition will lift its overseas sales as a proportion of total sales to almost a quarter, from 16 percent in October. (more...)
Bill Gates leads $1bn fund to invest in clean energy Bill Gates leads $1bn fund to invest in clean energy
- December 14, 2016

The directors of the fund include a who's-who of high-profile worldwide investors, such as Amazon.com CEO Jeff Bezos , Alibaba founder Jack Ma and Virgin Group Founder Richard Branson. The 20-year lifespan of the fund enables investors to focus on long-term value over a short-term return on investment. "I'm honoured to work with these investors to build on the powerful foundation of public investment in basic research", Gates said in a statement . (more...)
From 'oops' to DOE chief; Rick Perry is pick for Energy
- December 14, 2016

Perry initially rose to prominence in the GOP when, as a Texas state legislator, he switched from Democrat to Republican in 1989 at the behest of political operative Karl Rove and took part in "a tough, negative campaign" for agriculture commissioner in 1990 that saw him beat progressive incumbent Jim Hightower . (more...)
Six people hurt, driver arrested — Battersea Ferrari crash
- December 13, 2016

A 17-year-old boy and a girl aged 16 remain in hospital after the incident in Battersea Park Road, south London, shortly before 10.30am on Monday. Witnesses say one pedestrian was sent flying over railings and through the back window of a auto on a street below. (more...)
Ireland named amongst world's top ten countries for tax dodging Ireland named amongst world's top ten countries for tax dodging
- December 13, 2016

In these countries, big businesses are dodging taxes "on an industrial scale", forcing governments to reduce public spending or raise taxes on average citizens in order to make up for lost revenues. Oxfam warns that the use of anonymous shell companies in tax havens is distorting the global economy and the charity says the pressure to compete by offering tax incentives to multinationals costs developing countries $138bnn annually. (more...)
Rupert Murdoch's Fox bids $14 billion for taking over UK's Sky
- December 11, 2016

Sky clarified that a formal offer has not been made by 21st Century Fox, nor is there any certainty that the company will make an offer to acquire the company. James Murdoch had previously held the position as Sky's chief executive between 2003 and 2007, but was forced to resign as the Murdoch empire became engulfed by public outrage at reports of phone-hacking at the Murdoch-owned News of the World newspaper. (more...)
Tata Steel sweetens offer to United Kingdom workers, moves closer to merger
- December 10, 2016

Professor Dave Worsley, research director at Swansea University's College of Engineering, said he thinks those efforts made a difference to Tata. We have worked closely with Tata's management teams to develop an investment plan to enable real efficiencies to be delivered across the Welsh plants and help safeguard jobs into the future. (more...)
Greens rally in MI as courts in three states weigh recounts
- December 09, 2016

There was. He did. Michigan Republicans celebrated a victory Wednesday after US District Judge Mark Goldsmith ruled that a statewide recount was unwarranted, effectively cementing a victory in the state for President-elect Donald Trump. (more...)
ECB Chief Says Stimulus Not Being 'Tapered'
- December 09, 2016

The asset buys will run until the end of next year, or longer if necessary, it said in a statement yesterday. Investors responded well to the move. US stock benchmarks set new records, rising amid a renewed selloff in bonds after Mario Draghi signaled he will bolster stimulus in the euro area if a proposed reduction in the current level of asset purchases fails to shore up the economy. (more...)
Union President: Trump 'Overreacted' With Twitter Attacks on Me Union President: Trump 'Overreacted' With Twitter Attacks on Me
- December 09, 2016

If United Steelworkers 1999 was any good, they would have kept those jobs in Indiana. Spend more time working-less time talking. The union was told it couldn't equal the $65 million in annual savings that would come with a move to Mexico unless Carrier workers agreed to make $5 an hour with no benefits, USW President Leo Gerard said. (more...)
Woman described as Canada's Rosa Parks to appear on banknote
- December 09, 2016

Despite her profound impact on history and undeniable bravery, Desmond has only begun to achieve mainstream recognition in recent years, in large part thanks to Robson's tireless efforts to tell her sister's story. Tubman are slated to debut under the incoming administration of US President-elect Donald Trump, American officials suggested that they may release images of redesigned notes early in an effort to keep Mr. (more...)
F-35 may help secure future of Selfridge Air National Guard Base
- December 08, 2016

Originally within a pool of 19 locations, it is now in the top five bases in the running. A June letter to Air Force officials penned by U.S. Sens. Dannelly is competing against Gowen Field AGS in Boise Idaho; Jacksonville AGS in Florida; Selfridge Air National Guard Base in Detroit; and Truax AGS in Madison, Wisconsin for the coveted fighters. (more...)
Amazon To Open Convenience Store With No Lines
- December 07, 2016

The store , which is 1,800 square feet in size, requires shoppers to have Amazon accounts , supported smartphones, and the Amazon Go app. They they choose what they want and as the items are removed from the shelf they pile up in a virtual shopping cart. (more...)
Crude oil is losing its OPEC rally
- December 07, 2016

NEW YORK, Dec 6 (Reuters) - Oil prices on Tuesday fell for the first session since OPEC agreed to cut output last week after data showed crude production rose in most major export regions and on growing skepticism that the cartel would be able to reduce production. (more...)
Market Rating: Loop Capital Covers Marvell (NASDAQ:MRVL) Market Rating: Loop Capital Covers Marvell (NASDAQ:MRVL)
- December 07, 2016

This is presented on a 1-5 measure where 1 would create a strong buy call and 5 would create a strong sell rating. Marvell Technology Group now has a consensus rating of "Hold" and a consensus price target of $13.84. TRADEMARK VIOLATION WARNING: "WINTON GROUP Ltd Invests $15,691,000 in Marvell Technology Group Ltd. (MRVL )" was posted by Community Financial News and is the propert of of Community Financial News. (more...)
Sioux chief asks protesters to disband, Trump to review pipeline decision
- December 07, 2016

It also says the protestors in North Dakota have been mistreated by law enforcement, saying they've been subjected to violence and had their first amendment rights violated. Guevara said a break in the pipeline could contaminate the water supply. "As stated all along, ETP and (Sunoco Logistics Partners L.P.) are fully committed to ensuring that this vital project is brought to completion and fully expect to complete construction of the pipeline without any additional rerouting in and around ... (more...)
Two budgets in 2017 after last statement in autumn Two budgets in 2017 after last statement in autumn
- December 05, 2016

George Osborne had meant to eliminate the deficit completely and achieve a budget surplus, initially by the end of the last parliament, then by 2020, but repeatedly missed borrowing targets. To put his own stamp on the statement, Hammond introduced three new rules: for borrowing to be below 2% of GDP by the end of the parliament; for public sector net debt to be falling by the same time; and a monitored cap on welfare spending. (more...)
US employers add 178K jobs as unemployment sinks to 4.6 pct US employers add 178K jobs as unemployment sinks to 4.6 pct
- December 04, 2016

The Canadian labour market unexpectedly added 10,700 net jobs last month and the unemployment rate slid to 6.8 per cent - but the latest numbers raise questions about the quality of the work. There was nothing in the November jobs report to give members pause, but with the labor force falling and wages dropping, there wasn't anything to give Fed policy makers any sense of urgency that the economy is growing too fast. (more...)
Indiana Gives $7 Million in Tax Breaks to Keep Carrier Jobs
- December 02, 2016

According to the Wall Street Journal's sources, Carrier will invest about $16 million to keep the plant open in Indianapolis . Trump and Carrier Corp. He waved at some cheering workers, spoke with Carrier executives and inspected an assembly line. The Carrier plant in Indianapolis employs 1,400 workers. (more...)
Almost 1 million Android phones affected by recent hack Almost 1 million Android phones affected by recent hack
- December 02, 2016

Using this information, the attackers can then access user data from Gmail, Google Docs and Google Play accounts, as well as all those embarrassing selfies stored in Google Photos. The malware infects devices through legitimate looking apps that are offered outside the Play Store and through phising campaigns. The hackers are shifting to a new strategy and are attacking mobile phones, so that they can get sensitive information stored by the user. (more...)