Business

Business Thyssenkrupp works council softens opposition to Tata Steel deal
Author: 0 Thyssenkrupp works council softens opposition to Tata Steel deal

It will be equally owned by the two companies . Under the agreement, both companies will have equal representation in management and supervisory boards, Thyssenkrupp said. The move will lead to the creation of a leading European steal enterprise in a 50-50 joint venture, the companies said . " Tata Steel India is in a strong position to grow faster and set to double its capacity through organic or inorganic route, post deal with Thyssenkrupp", Tata Group Chairman N.

Business YouTube just revealed its plan to crush Twitch
Author: 0 YouTube just revealed its plan to crush Twitch

But YouTube has not had a similar broad offering, forcing many musicians, comedians and vloggers to use Patreon, which says it will process $150 million in payments to creators this year. At the same time, new viewers became blocked from paying to subscribe to creator content; however, the company said existing paid channels or videos will continue to show until the discontinuation date.

Business 'Bear with us' pleads Ryanair as passengers vent frustration at cancellations
Author: 0 'Bear with us' pleads Ryanair as passengers vent frustration at cancellations

Former Prime Minister and Labour MEP Alfred Sant has requested that the European Commission outline what steps it actions it planned to take over flight cancellations by low-priced carrier Ryanair . Meanwhile, Ryanair pilots have described the next six-weeks as a window to " stand up for themselves against controlling bosses ". It is legally required to spell out compensation rules when a flight is cancelled and, in our view, have so far failed to do that, leaving passengers hunting ...

Business Carney says Brexit could lead to higher inflation
Author: 0 Carney says Brexit could lead to higher inflation

Delivering a major reassessment of the economy just over a year after the referendum, the governor of the Bank of England claimed that the United Kingdom would not be able to grow as fast as it otherwise might and that "the de-integration effects of Brexit can be expected to.be inflationary".

Business Terreno Realty Corporation (NYSE:TRNO) Experiences Heavier than Average Trading Volume
Author: 0 Terreno Realty Corporation (NYSE:TRNO) Experiences Heavier than Average Trading Volume

Goldman Sachs initiated the stock with "Buy" rating in Monday, December 14 report. Ameritas Investment Partners purchased a fresh position in stocks of Agree Realty Corporation in the 1st period worth at about $102,000. Deutsche Financial Bank Ag has invested 0% of its portfolio in Getty Realty Corp. Airain Limited reported 52,166 shares. Copper Rock Cap Ptnrs Lc holds 0.02% in CoreSite Realty Corp (NYSE:COR) or 3,944 shares.

Business Wall St little changed ahead of Fed's policy meeting
Author: 0 Wall St little changed ahead of Fed's policy meeting

Despite the fact that the US central bank was expected to announce a historic decision with the unwinding of its balance sheet, sentiment in the greenback remained weak, helping to support gold prices on Wednesday. Investors will also see existing home sales for August released at around 10 a.m. ET. In other economic news on Wednesday, a reading on existing-home sales for August showed that sales dropped for the fourth time in five months as real-estate agents continue to blame a lack of ...

Business Stocks wait-and-see rally ahead of Fed meeting
Author: 0 Stocks wait-and-see rally ahead of Fed meeting

The three major USA stock indexes edged higher on Tuesday, logging record closes, with financial stocks providing the biggest boost. "If the Fed does keep the option for December alive, and reaffirms its view in terms of gradual rate increases, that may be dollar-supportive, given the more benign rate-hike path priced by the market ", said Mitul Kotecha, head of Asia macro strategy for Barclays in Singapore.

Business Toys 'R' Us files for bankruptcy
Author: 0 Toys 'R' Us files for bankruptcy

Short-term, that means stores will continue to operate as usual . Toys R Us ended its almost 70-year run yesterday when the toy retailer filed for Chapter 11 bankruptcy, which came as no surprise to the industry as the company has been operating under "significant leverage" since 2007, noted by CEO David Brandon in his statement .

Business Shares of T-Mobile, Sprint jump on report of 'active' merger talks
Author: 0 Shares of T-Mobile, Sprint jump on report of 'active' merger talks

Shares of T-Mobile US ( TMUS ) and Sprint (S) continued to trade sharply higher following a report this morning by CNBC's David Faber that the two are "making progress" in their talks about an all-stock merger. In this case, a little competition provided benefits to consumers . Detailed inside of the report, given the all-stock nature of the deal, "Softbank would emerge as a large minority holder in any combination".

Business Ryanair cancels dozens of flights to and from Italy
Author: 0 Ryanair cancels dozens of flights to and from Italy

In a press statement released on Monday morning Test-Aankoop wrote "The Irish company doesn't give passengers correct information about their rights". However, the email Ms Teevan received noted that the 10.25pm flight from Paris Beauvais to Dublin on Thursday evening had been cancelled. "These cancellations have been allocated where possible, to Ryanair's bigger base airports, and routes with multiple daily frequencies so that Ryanair can offer these disrupted customers the maximum ...

Business Rahm, Rauner Sending Delegation to Amazon's Seattle Headquarters
Author: 0 Rahm, Rauner Sending Delegation to Amazon's Seattle Headquarters

The online retailer opened bidding on September 7 for the $5 billion "HQ2" that founder and CEO Jeff Bezos said would be a "full equal" to its Seattle counterpart - and which could provide 50,000 jobs to the chosen city. "A 45-minute drive to an worldwide airport - which technically we do have - but there are certainly lots of other cities that have global airports that are more worldwide and cover more places".

Author: 0 S&P, Dow open at record highs

Weekly gains for those indexes - up 2.16% and 1.58%, respectively - were the best for the DJIA and S&P 500 since late 2016 and early 2017. CURRENCIES: In the run-up to the decision, the dollar was largely steady, with the euro up 0.2 percent to $1.1974.

Business Walgreens gets regulator's nod to buy Rite Aid stores
Author: 0 Walgreens gets regulator's nod to buy Rite Aid stores

Webster Bank N.A. increased its position in Walgreens Boots Alliance by 18.4% during the 1st quarter. Segall Bryant & Hamill LLC cut its position in Walgreens Boots Alliance, Inc . Insiders own 13.50% of the company's stock. The Federal Trade Commission approved the amended merger agreement between Deerfield, Ill. -based Walgreens Boots Alliance and Camp Hill, Pa.

Business Hurricane Maria Makes First Landfall As A Category 5 Storm
Author: 0 Hurricane Maria Makes First Landfall As A Category 5 Storm

Skerrit wrote in a series of Facebook posts as the storm hit, "The winds are merciless!" At one point, he lost the roof to his own official residence as fierce winds also swept away the roofs of many others. The U.S. territory imposed rationing of basic supplies including water, milk, baby formula, canned food, batteries and flashlights. Iris Tosado, a 64-year-old widowed housewife, scanned the almost empty shelves before heading back home.

Business Orbital ATK, Inc. (NYSE:OA) Experiences Heavy Trading Volume
Author: 0 Orbital ATK, Inc. (NYSE:OA) Experiences Heavy Trading Volume

Alliancebernstein L.P. boosted its position in Northrop Grumman Corporation by 64.6% during the first quarter. The Meiji Yasuda Asset Management Company Ltd holds 136,939 shares with $5.27M value, down from 149,036 last quarter. This is a near-term outlook for the coming 12-18 months. Balasa Dinverno & Foltz Llc invested 0.08% in Northrop Grumman Corporation (NYSE:NOC). The company's quarterly EPS surprised Wall Street by as much as 10% to the upside in its last earnings announcement, so ...

Business Post Holdings to buy Bob Evans Farms for $1.53B
Author: 0 Post Holdings to buy Bob Evans Farms for $1.53B

By comparison, deals for North American foodmakers worth at least $500 million carry a median Ebitda multiple of 14 over the past five years and a multiple of 10 since such data has been compiled, which just goes to show how transactions in the space have been getting increasingly expensive due to the scramble within the industry and beyond to find growth.

Author: 0 North Korea Fires Another Missile Over Japan As Tensions Mount

Pyongyang has launched dozens of missiles as it accelerates a weapons programme created to provide the ability to target the United States with a powerful, nuclear-tipped missile. Friday's provocation came days after the U.N. Security Council slapped fresh sanctions on Pyongyang over its latest nuclear test. Tensions flared again when Kim Jong-Un's regime tested what it termed a hydrogen bomb many times more powerful than its previous device.

Business McDonald's is giving away 100000 free cheeseburgers for National Cheeseburger Day
Author: 0 McDonald's is giving away 100000 free cheeseburgers for National Cheeseburger Day

Customers also get a second free cheeseburger on their birthday. There are free cheeseburger upgrades, cheeseburger eating challenges, special cheeseburger promotional pricing-and yes, some offers for totally free cheeseburgers. until closing on Monday, Lil' Cheeseburgers at Hwy 55 are just 55 cents apiece (normal price: $3.39). Pay $24.99 for a three-pound cheeseburger, a one-pound order of fires and endless drinks.

Author: 0 Equifax stock sales reportedly prompt DOJ investigation

EFX says the March breach was not related to the hack that exposed the personal and financial data on 143M USA consumers, but Bloomberg says the breaches may have involved the same intruders. We reached out to an Equifax spokesperson for additional information and will update the post when we hear back. Atlanta U.S. Attorney John Horn didn't say whether there was an investigation into this matter, but he did confirm that the DOJ was looking into the hack itself.

Business United States aircraft carrier to conduct joint drill in S.Korea
Author: 0 United States aircraft carrier to conduct joint drill in S.Korea

The news comes as U.S. and Chinese leaders agreed to "maximise the pressure" on the regime of Kim Jong Un. North Korea on Monday blasted the United Nations Security Council's statement that condemned yet another firing of a mid-range missile late last week, warning that beefing up worldwide pressure will only accelerate its move toward the "completion of nuclear force".

Business Dollar hits eight-week high vs yen as traders await Fed signals
Author: 0 Dollar hits eight-week high vs yen as traders await Fed signals

The major indexes have been breaking new highs, with the Dow recording its best weekly gains this year and the S&P, its second best. "My best guess is that over time core inflation is going to move somewhat higher as we see more of an impact from the tightening labor market, but that is a very slow process and not a very reliable one", Jan Hatzius, chief economist at Goldman Sachs, said at the Council on Foreign Relations in NY last week.

Business Oil holds near five-month high in most bullish week since July
Author: 0 Oil holds near five-month high in most bullish week since July

Panmure Gordon summarized the bullish sentiment by observing, "Prices have now advanced for the last two weeks off increased demand forecasts from both OPEC [the Organization of the Petroleum Exporting Countries ] and the IEA, combined with the near-term demand uplift expected as USA oil refineries seek to restart operations post-Hurricane Harvey".

Author: 0 U.S. stocks open higher ahead of Fed meeting

The Nasdaq fell short of it's record close level by about 6 points. "Market continues to firm up". Investor focus will shift to the Federal Open Market Committee's two-day meeting, which starts on Tuesday. Persistently weak readings of inflation that have remained below the Fed's 2 percent target rate have been a concern for policymakers. On Friday, US stocks notched further all-time highs, with the S&P 500 closing above 2,500 for the first time.

Business MGM getting closer to completion as CT casino talk continues
Author: 0 MGM getting closer to completion as CT casino talk continues

Murren said the new MGM casino would tap into the New York City market of 8.5 million people. Another trade for 10,046 shares valued at $317,052 was made by SELWOOD ROBERT on Thursday, May 25. MGM Resorts International is a holding company. (NYSE:SITE) is 72.216320. This ratio is calculated by dividing the market value of a company by cash from operating activities.

Business Mahindra, Ford ink MoU to drive growth
Author: 0 Mahindra, Ford ink MoU to drive growth

The two teams will work on mobility programs, connected vehicle projects, electrification, product development and sourcing and commercial efficiencies. Not only M&M, there are instances of other domestic players entering into tie-ups with global majors that did not work. Now one of the largest exporters of cars from the country, Ford manufactures and exports vehicles and engines from its manufacturing facilities in Chennai, Tamil Nadu and Sanand, Gujarat.

Business Northrop Grumman Working to Purchase Orbital ATK
Author: 0 Northrop Grumman Working to Purchase Orbital ATK

The investigation concerns whether the Orbital board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Orbital shares of common stock.

Business Northrop Grumman to buy space firm Orbital for US$9.2b
Author: 0 Northrop Grumman to buy space firm Orbital for US$9.2b

The all-cash deal for maybe north of $7.5B could be announced as soon as tomorrow, according to Dana Mattiloi's report . Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research report on Tuesday, August 8th.

Business Ryanair Under Pressure to Publish Full List of Cancelled Flights
Author: 0 Ryanair Under Pressure to Publish Full List of Cancelled Flights

Ryanair announced that they will have to cancel up to 50 flights a day for the next six weeks, as they said they had "messed up" with the planning of pilot's holidays. Download it today and continue to enjoy STV News wherever you are. London Stansted will have two lines of flying removed, out of 41. And a mother said her daughter's 21st birthday in Amsterdam had been ruined because her flight had been cancelled last minute - with hotels and tickets to museums unrefundable.

Business Hackers Inserted Malware into Popular CCleaner App
Author: 0 Hackers Inserted Malware into Popular CCleaner App

Because the affected software was digitally signed, it appears that unknown hackers gained access to one of the computer systems used to develop Ccleaner without the developers detecting the breach. Cisco's Talos security group said the affected version of CCleaner was available on Piriform's website from 15 August to 12 September, or almost one month.