Finance

Penske Media Corp. acquires majority stake in the owner of Rolling Stone

Penske Media Corp. acquires majority stake in the owner of Rolling Stone Penske's purchase values the magazine that Wenner started with a partner in 1967 with $7,500 borrowed from family members at $110 million. On Wednesday, Jann Wenner said in a statement, "I am so proud of our accomplishments over the past 50 years and know Penske Media is the ideal match for us to thrive in today's media landscape". [Full Article...]

U.S. upholds 300 per cent tariff on Bombardier C Series jet

U.S. upholds 300 per cent tariff on Bombardier C Series jet In October, Commerce issued preliminary findings that called for levying a pair of tariffs totaling almost 300% on imports of single-aisle Bombardier C Series airliners. But Bombardier argues that Boeing's case is against full imports of airplanes, not parts, so it does not apply to imports of wings, fuselages and other pieces. [Full Article...]

The FCC has Voted to Repeal Net Neutrality, So Now What?

The FCC has Voted to Repeal Net Neutrality, So Now What? The Trump-appointed head of the FCC, Ajit Pai, held a vote last week on net neutrality, which was repealed on a 3-to-2 party-line vote. "The FCC's decision to dismantle net neutrality rules will seriously harm consumers, innovation, and civic engagement", Eldridge said in a statement . [Full Article...]

Bank of America Corp (BAC) Stake Lifted by SeaBridge Investment Advisors LLC

Parametric Portfolio Associates LLC now owns 24,012,218 shares of the financial services provider's stock valued at $582,536,000 after purchasing an additional 8,261,288 shares in the last quarter. Pinnacle Assoc Limited invested in 554,968 shares. Estabrook Capital Mngmt stated it has 1,300 shares or 0% of all its holdings. Wms Prtnrs Ltd Liability Com has 30,512 shares. [Full Article...]

AT&T will give bonuses to 200000 workers to celebrate tax cut

AT&T will give bonuses to 200000 workers to celebrate tax cut The company also announced that it will invest more than $1 billion into the US economy once the bill, the major first tax reform legislation since the Reagan era, becomes law. The company he mentions as a prime offender: Er, AT&T. More recently, the president said he "always felt that was a deal that's not good for the country ". [Full Article...]

Anna Kendrick Reveals Rejecting New Romance for Beca

Anna Kendrick Reveals Rejecting New Romance for Beca Despite wanting to watch the last movie of the trilogy, my expectations for the movie were not that high because the sequel didn't compare to the first movie. Since Theo tells Beca in the second trailer that his label wants to sign her- making him her potential employer or supervisor - the professional link and tilted power dynamic between these two characters would certainly render their romantic... [Full Article...]

Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Bought by Advisors Asset Management Inc

The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative. Therefore 83% are positive. USA Tech had 6 analyst reports since September 14, 2015 according to SRatingsIntel. Their portfolio includes some of the strongest franchises in all of entertainment, developed by the incredibly talented teams at Activisi... [Full Article...]

Home Sales Rose 5.6 Percent in November, Hitting 11-Year High

Home Sales Rose 5.6 Percent in November, Hitting 11-Year High New home sales are expected to drop by 1.4%. Total existing home sales increased by 5.6% month-on-month to reach a a seasonally adjusted pace of 5.81m (consensus: 5.50m), according to the National Association of Realtors. The supply shortage is, in turn, driving prices higher, Mr. Yun said. The PHLX housing index was trading higher, outperforming a broadly flat stock market. [Full Article...]

Tesco's £3.7bn Booker takeover waved through by competition regulator

Tesco's £3.7bn Booker takeover waved through by competition regulator It concluded that the wholesale market would remain competitive in the longer term, noting that Booker's share of the United Kingdom grocery wholesaling market was not sufficient to justify the longer-term concerns of Booker´s rivals. CMA panel members examined how the UK's largest grocery retailer and the UK's largest grocery wholesaler, which supplies the pub industry, would impact competiti... [Full Article...]

BlackBerry reports loss on falling revenue, but software earnings break record

BlackBerry reports loss on falling revenue, but software earnings break record Excluding non-recurring items, the company reported adjusted earnings per share of 3 cents, compared with the FactSet consensus of breakeven. The net loss for the quarter to November 30 widened to $275 million, or 52 cents a share, from $117 million, or 22 cents a share, in the same period a year ago. [Full Article...]

Paul's presents 'Las Posadas,' Christmas Eve service

Paul's presents 'Las Posadas,' Christmas Eve service The church is at 11155 Jackson St.in Columbia, at the intersection of Parrotts Ferry Road and Jackson Street. Established on January 20, 1817, it is the oldest church in the village. The Family Service with Eucharist will be at 6 p.m.in the sanctuary with the Christmas Pageant. Mountain View Baptist Church, located in Hays, will present the Christmas cantata at 11 a.m. [Full Article...]

Rental cars becoming sparse at Atlanta airport following outage

Rental cars becoming sparse at Atlanta airport following outage According to a news release from energy company Georgia Power, though the fire was extinguished fairly quickly, it caused major damage to the airport's facilities and many electrical substations serving ATL. Throughout the massive delay, several passengers inside the airport and outside on the runways shared their experiences on social media. The world's busiest airport at a standstill and ... [Full Article...]

Analysts Recommendation on Frontier Commun Cp (FTR)

The stock decreased 10.00% or $0.9599 during the last trading session, reaching $8.6401. About 2.67M shares traded. Frontier Communications Corporation's payout ratio is now -38.10%. The stock of Microsoft Corporation (NASDAQ:MSFT) has " Buy " rating given on Friday, July 21 by Stifel Nicolaus. As per Friday, July 21, the company rating was maintained by Deutsche Bank. [Full Article...]

Tesla's Elon Musk accidentally tweets his personal phone number

Tesla's Elon Musk accidentally tweets his personal phone number He's made his billions off the back of his technical know-how, but even Elon Musk can fall foul of a social media slip-up. However, Musk quickly deleted the tweet. Carmack is a videogame industry veteran, who gained prominence as a co-founder of id Software, the company behind such classics as "Wolfenstein 3D", " Doom " and "Quake". [Full Article...]

High-speed broadband will be legal right by 2020

High-speed broadband will be legal right by 2020 Recent research from uSwitch found that Thorpe Lane in Tromley St Martin, Suffolk is the UK's slowest street for broadband , registering average speeds of just 0.68Mbps - 53 times slower than the United Kingdom average and 260 times slower than the fastest road in the country. [Full Article...]

The Red Hat, Inc. (RHT) Rating Increased to Buy at Stifel Nicolaus

The stock has "Buy" rating by BTIG Research on Thursday, September 10. The company said it's on pace to finish its fiscal year with an annualized revenue run-rate of $3 billion and a slot on the Fortune 1000 list. Red Hat responded with a Q4 revenue projection between $758 million to $763 million, with earnings around 81 cents a share. (NYSE: RHT ) on Thursday, September 22 with "Outperform... [Full Article...]

BMW electric cars hit 100000 sales target

BMW electric cars hit 100000 sales target But this is a reflection of BMW's increasing focus on electric cars and plug-in hybrids, as well as the recent shift in its electrified product line. The only electrified vehicle now produced in SC is the BMW X5 xDrive40e iPerformance vehicle, but the plant will be adding production of an all-electric BMW X3 in 2020, company spokesman Steve Wilson said. [Full Article...]

Apple announces new 'global flagship' store coming to Federation Square, Australia

Apple announces new 'global flagship' store coming to Federation Square, Australia Slated to take the place of the existing Yarra building , which now houses the Koorie Heritage Trust Gallery, Apple's global flagship features a futuristic pavilion architecture with wrap-around glass walls on both levels and balconies with glass railings, overlooking the city and nearby Yarra River. [Full Article...]

Future of Keystone XL pipeline becomes more muddled after PSC denies revisions

The company gave no timeline for such a decision, after earlier stating that it would decide this month whether the long-delayed Keystone XL was financially viable or not. Robynn Tysver, a spokeswoman for the company, said it is going to take some time to review Tuesday's decision and determine the appropriate next step. [Full Article...]

Hyperloop One Beats Out Musk for New Hyperloop Speed Record

Hyperloop One Beats Out Musk for New Hyperloop Speed Record Virgin Hyperloop One just hit a new speed record Monday of 387 kilometers (240 miles) per hour at its test site in Las Vegas, beating the last publicly known record of 220 miles per hour set by a team from the Technical University of Munich, during Elon Musk's hyper loop competition in August. [Full Article...]


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