Economy

Tesla shareholders green light merger deal with SolarCity

Elon Musk, chief executive of Tesla and chairman of SolarCity, and his cousin Lyndon Rive, chief executive of SolarCity , have proposed lofty plans to drive their business, including glass solar shingles on homes to make the solar panels more appealing.

Demonetised notes can't be exchanged in Indian banks in China

The flip-flop over exchange of notes has weaned away the initial support to the government move to banish black money. The Indian embassy in an advisory said the demonetised bank notes "cannot be deposited at branches of Indian banks located in China or Hong Kong".

New York City mayor tells Trump about 'how fearful' residents are

Since Trump won the election, the mayor has struck an increasingly forceful tone - reiterating his plans to work with the president-elect on issues like infrastructure, yet vowing to oppose any policies that would undermine his view of NY values.

JPMorgan to Pay $264 Million for China Hiring Practices

Referral Hires whose relationships generated sufficient revenue for JPMorgan APAC were offered longer-term jobs, while others were given shorter terms of employment unless the referring client offered additional business to the firm. As part of its settlement with the Justice Department, a Hong Kong unit of the bank admitted to making quid pro quo hiring agreements with Chinese officials to win investment business.

Valeant confirms criminal charges filed against Valeant, Philidor executives

Tanner's lawyer, Howard Shapiro of WilmerHale, didn't respond to requests for comment. "Neither the nature of Valeant's relationship to Philidor , nor Valeant's increasing dependence on Philidor to achieve its sales and profitability goals, was disclosed to the public by Valeant until investor websites and news organizations revealed suspect aspects of Philidor's operations and Valeant's connection to Philidor in or about October 2015", Bharara said in a statement Thursday.

Christmas boxes collected from area for Operation Christmas Child

Operation Christmas Child volunteers move a carton of filled boxes from the back of Beth Gentry's truck at Unity Baptist Church. During collection week, churches and individuals can bring their treasure-filled shoeboxes to relay centers, such as United First Methodist Church, where they will be crated into larger cartons and shipped to one of eight processing center in the U.S.

The US dollar is rallying

The euro EUR= added 0.1 percent from Wednesday to stand at $1.0702 after setting an 11-month low of $1.0666 overnight. Simply stated, U.S 30-year Treasury Bond interest rates are rising while Japanese Government Bond rates remain low. "Unfortunately speculators will treat Bank Negara's statements as a sign of weakness, if they do not actually do something". Gold eased on Wednesday as the dollar climbed to a 14-year high against a currency basket, extending a week-long rally driven by a ...

Vijay Mallya's Loan Drama - It's a 'Write-Off' Not A Loan Waiver: Jaitley

Speaking in Rajya Sabha on the first day of winter session he said, "Loan to Vijay Mallya's Kingfisher a write-off 'only in books, ' but the government is still pursuing his case". Even Congress leader Anand Sharma expressed apprehensions that the money received from people migth be used to recapitalise the banks and wipe out Rs 6 lakh crore of non-performing assets of big industrialists.

A look at Trump's immigration plans by the numbers

The flood of announcements sets the stage for a major battle with Trump, who has said he will cut all federal funding to the so-called sanctuary cities immediately following his January 20 inauguration. Hillary Clinton: Though he called his competitor a "nasty woman" and a "puppet" during the final presidential debate, Trump characterized Clinton's concession phone call as "lovely".

Day win streak, Dow closes at record high

The Commerce Department said on Tuesday retail sales increased 0.8 percent last month, above the 0.6 percent increase forecast by economists.Boston Fed President Eric Rosengren said on Tuesday only "significant negative news" could derail the Fed's high expectations for raising US interest rates next month.

Yesterday Healthcare Buzzer:Teva Pharmaceutical Industries Limited's (TEVA)

Last quarter, the drug maker posted EPS of $1.25, which suggests EPS might increase 5.6%, sequentially. Sell side analysts that regularly cover the stock have provided price targets and recommendations on Teva Pharmaceutical Industries Limited (NYSE: TEVA ).

Health challenge launches to create awareness for Type 2 diabetes

According to World Health Organization (WHO) - Diabetic Retinopathy is the main cause of visual impairment in working age group. The initial launch of the initiative was in June with the first phase focused on providing support for UAE nationals with diabetes during Ramadan.

Hollande vows to shut down growing Paris migrant camp

There are now hundreds of tents pitched along Paris streets after the camp near the French and United Kingdom border was removed last week, where children and adults are sleeping. A migrants carries a mattress in a makeshift camp in Paris , on Friday. Barbara Winton said in remarks on the website of the organization Help Refugees that the best way to honor her father's memory is "to show the same concern and compassion he did then, for those in danger and in need now".

What to Buy In November Before Thanksgiving and Black Friday

Traditionally Black Friday takes place the day after Thanksgiving in the U.S., so it is earmarked for November 25 this year, and then followed by Cyber Monday. Meanwhile, 18 percent of those polled like that stores open their doors on Thanksgiving, and 28 percent are "completely indifferent". Of those who went shopping at all that weekend, 50.4% said they did so because the deals were too good to pass up, while 25.5% said it was simply a way to fill the hours during the holiday weekend.

Cardinal Dolan not needed for Trump/Clinton intercession

Clinton's account tweeted at Trump after the Republican nominee claimed that he had nearly unanimously "won" the third and final presidential debate on Wednesday evening. "My Social Security payroll contribution will go up, as will Donald's, assuming he can't figure out how to get out of it", Clinton said. Donald sees the Statue of Liberty and sees a four...

US judge approves $14.7 billion settlement over VW diesel vehicles

The deal offers drivers of 475,000 Volkswagen diesel-powered vehicles with 2-liter engines the option of selling back their cars to Volkswagen or waiting for a government-approved fix that would allow the cars to stay on the road. The company is still facing potentially billions more in fines and penalties and possible criminal charges. Apart from the agreed settlement, Volkswagen is also expected to fork out another $1.8 billion in legal fees that they have accrued so far, and there is also ...

Trump brand loses luster with affluent

But the former reality TV star has a new line of work: having long portrayed his life as a smash success, he has run a divisive election campaign which could drive off customers. "I'm not recommending the Trump property to anyone", Tara Melvin, the owner of Virginia-based Perfect Planning Events, told CNN . Pitched as "a multi-faceted lifestyle brand developed in response to the boom in social clubs and the "we" economy", Scion will be a hotel line targeted toward millennials , ...

Cyber attacks hit Twitter, Netflix and Spofity

Dyn said late on Friday that it was fighting the third major wave of attacks , which were being launched from locations spread across the globe, making them harder to fight. Cyberattacks on Friday pounded the underpinnings of the Internet, crippling Twitter, Netflix and other major Web sites with the help of once-dumb devices made "smart" with online connections.

BAT offers to buy Reynolds in $47 billion tobacco deal

The cash-and-stock deal would mark the return of BAT to the lucrative and highly regulated USA market after a 12-year absence, making it the only tobacco giant with a leading presence in American and worldwide markets. BAT and Reynolds don't have overlapping footprints, however, meaning a merger is unlikely to face the sort of steep antitrust hurdles typical of such large deals.

Research Ratings: Lowe's Companies, Inc. (NYSE:LOW), MetLife, Inc. (NYSE:MET)

ETP has been the subject of several research analyst reports. TheStreet upgraded Energy Transfer Partners L.P. from a "hold" rating to a "buy" rating in a research note on Thursday, August 4th. (ETC OLP), and interstate natural gas transportation and storage through Energy Transfer Interstate Holdings, LLC (ET Interstate) and Panhandle Eastern Pipe Line Company, LP (Panhandle); liquids operations, including natural gas liquids (NGL) transportation, storage and fractionation services primarily ...

Morgan Stanley Beats Estimates, Abbott Laboratories Just Ahead

Morgan Private Bank in Philadelphia. Morgan Stanley reported its last Earnings on Oct 19 BMO where the company reported Actual EPS of $0.75/Share whereas, the Analyst Estimated EPS was $0.59/share. Although it's still early in the fourth quarter, Morgan Stanley CFO Jonathan Pruzan told Reuters the trading environment has been similar to the end of September so far.

How Will US Bancorp (USB) Stock React to Q3 Results?

Several brokerages have recently weighed in on EWBC. Wells Fargo & Co. reissued a "buy" rating on shares of U.S. Bancorp in a research note on Saturday, July 9th. East West Bancorp's dividend payout ratio (DPR) is presently 29.30%. The corporation has a weekly volatility of 1.26% resulting a monthly volatility of 1.31%.

Oil Rises As Market Could Be Closer To Balance Than Expected

At the beginning of November 2015, the Saudis also lowered prices for oil sales to Northwest Europe and the Mediterranean, improving the nation's negotiating position in Europe. A pumpjack drills for oil in the Monterey Shale, California, April 29, 2013. Oil companies, too, have been battered by the market rout. Last week, it was under $50, on average, as service costs go down and wells become more productive.

Netflix stock drops ahead of quarterly earnings report

In the United States, numbers rose 21% to 370,000 as hit shows such as Stranger Things and Narcos won over more subscribers. Original shows such as Stranger Things and Narcos have attracted new worldwide viewers and managed to retain old customers in the USA, despite price hike, reported Reuters .

Samsung Galaxy Note 7 flight ban spreading worldwide

Japan's move came after US transport authorities on Friday issued an emergency order banning the phones and saying anyone attempting to travel with the recalled devices could face fines or confiscation. Virgin Australia: "The use of Samsung Galaxy Note 7 devices is now prohibited on all Virgin Australia and Tigerair Australia flights and the complete ban announced today is an additional safety measure", the airliner said .