Business

Business Money Briefs: Angry Birds maker 'planning IPO'
Author: 0 Money Briefs: Angry Birds maker 'planning IPO'

First-half revenue rose to 152.6 million euros ($179.7 million) from 78.5 million a year earlier, while adjusted earnings before interest, taxes, depreciation and amortization increased to 41.8 million euros from 11.0 million a year ago. First-half revenue from games increased by 76 percent to 117.9 million euros. Since the initial release of Angry Birds in 2009, Rovio's business expanded to other games and even movies once it was realized that they could not exclusively rely on the game ...

Business Rail fares set to rise as inflation figure hits 3
Author: 0 Rail fares set to rise as inflation figure hits 3

A spokesman for the ScotRail Alliance said: "The independent National Rail Passenger Survey by Transport Focus confirmed that nine out of 10 customers are satisfied with ScotRail". After a disastrous start to 2016, caused in part by infrastructure problems experienced by Network Rail, a full-blown industrial dispute was sparked by proposals to introduce driver-only operation across the Southern network.

Business Asian shares rally after Kim Jong-un appears to rethink Guam plans
Author: 0 Asian shares rally after Kim Jong-un appears to rethink Guam plans

Helped as well by a weaker yen, Japan's Nikkei stock index was 1.3% higher at the end of morning trading, a day after skidding 1% to a three-and-a-half-month low. The yen tends to gain in times of crisis on the assumption that Japanese investors will repatriate assets. Aussie/dollar fell to 0.7885 ahead of the European session, though the pair held above Friday's low of 0.7839, which was its lowest since July 18.

Business Costco owes Tiffany more than $19 million
Author: 0 Costco owes Tiffany more than $19 million

The judge also noted that "Costco's salespeople described such rings as "Tiffany" rings in response to customer inquiries, and were not perturbed when customers who then realized that the rings were not actually manufactured by Tiffany expressed anger or upset".

Business Uber admits it failed on consumer privacy, settles with FTC
Author: 0 Uber admits it failed on consumer privacy, settles with FTC

Last June, a top Uber executive obtained the medical records of a woman who, in 2014, had been raped by an Uber driver in India . A request for comment from Uber wasn't immediately returned. Until Sept. 2014, Uber failed to implement reasonable access controls to safeguard data stored in third-party databases, such as requiring engineers and programmers to use distinct access keys to access personal information of drivers and customers, according to the complaint.

Business Uber agrees to 20 years of privacy audits in FTC settlement
Author: 0 Uber agrees to 20 years of privacy audits in FTC settlement

In late November 2015, Uber landed in hot water after an executive discussed the idea of digging up dirt on journalists critical of the company . Uber did not immediately respond to a request for comment. The FTC said the company could have made low-priced attempts, like using multi-factor authentication, to prevent the breach. "We've always treated geolocation as sensitive information", Ohlhausen told a conference call.

Business Gold Hits Two-Month High on North Korea Tensions
Author: 0 Gold Hits Two-Month High on North Korea Tensions

The US dollar rose broadly on Monday as traders unwound bearish bets against the US currency that have come in the wake of increasing tensions with North Korea and underwhelming inflation data. Equity benchmarks in Germany and France on Wednesday fell by more than 1% each, marking their worst sessions since July 21. Core PPI was also down 0.1%, missing the 0.2% estimate.

Author: 0 Mostly Sunny, But Some Could See Isolated Showers

Fair skies will lead to some fog overnight tonight , lows for most will be back into the 50s. Chance of precipitation is 40 percent. Tuesday night - Partly cloudy, with a low around 64. Friday: Sunny with highs in the mid 80's. Lows through this period will be in the mid-70s with mostly clear conditions. Light and variable wind becoming south around 5 miles per hour after midnight.

Business Air Berlin files for bankruptcy after shareholder pulls plug
Author: 0 Air Berlin files for bankruptcy after shareholder pulls plug

A statement issued jointly by Air Berlin and the German government Tuesday said that negotiations between Air Berlin and Lufthansa, as well as another unnamed airline, for the sale of Air Berlin parts is underway. Air Berlin has been posting losses for years. Discussions between the two corporations were going well, according to Zypries, who expected a deal to be struck within just a few months.

Business IPhone 8 colours: What hues will Apple's new phone come in?
Author: 0 IPhone 8 colours: What hues will Apple's new phone come in?

The coppery Blush Gold is a variation of their iconic Rose Gold shade with the new tint being neither orange nor completely golden. Apple's upcoming flagship is a regular part of the rumor mill. Other expected features include an all-glass design and support for LTE speeds up to 450Mbps. Apple is clearly expecting a sustained period of robust iPhone shipments.

Business Brazil Retail Sales Rose 1.2% in June -- IBGE
Author: 0 Brazil Retail Sales Rose 1.2% in June -- IBGE

Retail sales for June and May also were revised higher, which should help to assuage concerns about a slowdown in consumer spending at the start of the year. Retail sales have climbed 4.2% in the past 12 months, close to the five-year average. Receipts at electronics and appliance stores slipped 0.5 percent.

Business Bill Gates donates $4.6 billion worth of Microsoft stock to his foundation
Author: 0 Bill Gates donates $4.6 billion worth of Microsoft stock to his foundation

Billionaire businessman Bill Gates has made what has been tagged his largest donation since the turn of the century with the giving away of 5 per cent of Microsoft Corp. Microsoft co-founder Bill Gates is reducing his stake in the company to just 1.3 percent, after holding 24 percent of the software maker back in 1996.

Business Home Depot Reports Highest Sales In Its History
Author: 0 Home Depot Reports Highest Sales In Its History

Home Depot had previously called out price appreciation as one of the primary motivators for people to invest in their homes, BTIG Research analyst Alan Rifkin said in a pre-earnings note. Also, EVP Ann Marie Campbell sold 7,000 shares of the business's stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19.

Business German Economy Expands On Domestic Demand In Second Quarter
Author: 0 German Economy Expands On Domestic Demand In Second Quarter

Carsten Brzeski, ING Bank NV economist, said Germany's economic success story goes continues and there is very little reason to fear a sudden end to the current performance. Unlike during the first quarter of 2017, trade was not a major driver of growth between April and June. A detailed GDP report is due August 25. The report comes as Germany enters the final stretch of campaigning ahead of a September 24 election, with opinion polls showing Merkel leading her Social Democratic challenger ...

Business German growth slightly slower than expected in Q2
Author: 0 German growth slightly slower than expected in Q2

Figures released by Destatis last week showed that German exports unexpectedly fell by 2.8 percent in June compared to the month before. However, the economist noted that the drivers supporting the domestic economy, like record high employment, higher wages and government consumption, might lose some momentum along the way, without turning negative.

Business Wenger reveals how he offered Giroud chance to quit Arsenal
Author: 0 Wenger reveals how he offered Giroud chance to quit Arsenal

Speaking on Sky Sports after the game, Carragher explained why he's a fan of Giroud. Ozil played a starring role during Arsenal's 4-3 win over Leicester City on Friday night. Despite being outnumbered inside the box, Jamie Vardy managed to pull Leicester 2-1 ahead in the first half. "One was a corner, one on build-up, one on a corner again", he said.

Author: 0 Trump escalates 'fire and fury' threat to NKorea

Meanwhile, China took steps to begin complying with the United Nations sanctions against Pyongyang that were unanimously passed earlier this month. "All the people are rising up across the country to retaliate against the USA thousands of times". The model (despite differences) should be the sanction policy that forced Iran to the nuclear bargaining table.

Author: 0 Why North Korea and the USA won't go to war (probably)

Turns out threatening language has been used by many presidents in the past. Venezuela's Defence Minister Vladimir Padrino slammed the President and called the threat "an act of craziness". Here's the good news about the crisis over North Korea . -North Korean relations and Americans imprisoned in North Korea , the source said. Suh again highlighted doubts about North Korea's claims about its military capability.

Business Chinese state newspaper says Trump trade probe will 'poison' relations
Author: 0 Chinese state newspaper says Trump trade probe will 'poison' relations

Interestingly, Beijing's move came amid media speculations that Trump is mulling a trade crackdown on China . The import ban will likely reduce North Korea's China-bound shipments by some $1.53 billion, or 61.7 percent of the goods it sold to its main ally as of end-2016, according to the analysis by Shanghai-based Korea Trade-Investment Promotion Agency (KOTRA).

Business IShares MSCI Taiwan Index
Author: 0 IShares MSCI Taiwan Index

Investors may use various technical indicators to help spot trends and buy/sell signals. The Money Flow Index is calibrated from 0 to 100, and creates a money flow ratio (Positive Money Flow to Negative Money Flow) over a time period. Wilder has developed multiple indicators that are still quite popular in today's investing landscape. This may take some time to master, and there may be some bumps along the way.

Business Stocks veer higher into record territory; oil heads lower
Author: 0 Stocks veer higher into record territory; oil heads lower

Eastern time. The Dow Jones industrial average slid 120 points, or 0.5 percent, to 21,928. Markets had seen a tentative recovery in risk appetite in US and early Asian trading, but as the war of words resumed Asian stocks dropped back and London, Frankfurt and Paris all lost 0.5-1.2 percent.

Business Under Armour CEO Kevin Plank leaves Trump's American Manufacturing Council
Author: 0 Under Armour CEO Kevin Plank leaves Trump's American Manufacturing Council

Trump's advisory jobs panel after another CEO resigned in protest. "I am appreciative of the opportunity to have served, but have chose to step down from the council", Plank said. Trump later attacked Plank and Merck in a pair of tweets, saying now "he will have more time to LOWER RIPOFF DRUG PRICES!" Frazier, one of the few Fortune 500 company bosses who is black, said he left the council "as a matter of personal conscience".

Business Former Kansas Jayhawk Sees Preseason Action with the Los Angeles Chargers
Author: 0 Former Kansas Jayhawk Sees Preseason Action with the Los Angeles Chargers

Seattle cornerback Richard Sherman said he "didn't really notice how small the venue was". The Bolts Bugler will encourage fans to shout the word "Chargers" throughout the game . Cardale Jones completed two of nine passes for 50 yards. The Chargers will introduce two new musical elements. In an ugly 48-17 preseason loss to the Seahawks , few Chargers looked as lost as Davis, who gave up five deep catches for a total of 144 yards.

Business Gold Price Nears $1300 as North Korea Tensions Lift Safe-haven Demand
Author: 0 Gold Price Nears $1300 as North Korea Tensions Lift Safe-haven Demand

In currencies, the yen strengthened 0.64 per cent versus the greenback at 109.37 per dollar. The so-called fear gauge - the CBOE Volatility Index (VIX), the most widely followed barometer of expected USA stock market volatility, hit its highest since November 8, when Mr Trump was elected president.

Business Confidence returns to markets as North Korea tensions ease
Author: 0 Confidence returns to markets as North Korea tensions ease

The US dollar rose broadly on Monday as traders unwound bearish bets against the US currency that have come in the wake of increasing tensions with North Korea and underwhelming inflation data. The yen had gained a lift last week after US President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States.

Business Korea angst shows signs of abating as stocks rise
Author: 0 Korea angst shows signs of abating as stocks rise

The VIX index, a measure of the volatility of S&P 500 index options that's typically referred to as the "fear index", meanwhile, jumped to a three-month high of more than 15. Disappointing economic data releases weighed on both sides of the Atlantic today with a negative goods trade balance for the United Kingdom (-0.1% versus expectations of 1.4%), higher unemployment claims from the USA (244,000) and also a negative month-on-month PPI figure for the U.S.

Business Superb DVD and Blu-ray rental service for film fans closing
Author: 0 Superb DVD and Blu-ray rental service for film fans closing

Amazon, who now owns the service, explained that the shift towards online streaming was an obvious factor in deciding to cease the DVD rental service. "It's not great, to be honest", customer Michael Harrison told the BBC . The email states that users of Lovefilm By Post - the service bought by Amazon back in 2011 - will no longer be able to rent DVDs and Blu-rays from 31 October.