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Finance

In light of this new agreement, a new solar company will be established to start-up two solar plants with a capacity to generate 3 gigawatts and 4.2 gigawatts. Installation of the solar panels is planned to start this year, and the project should start producing electricity by the middle of next year. The initial investment is $5 billion, of which $1 billion will come from the SoftBank fund.
  • Cambridge Analytica-Congress links: BJP seeks Rahul Gandhi's apology over whistleblower's claims

    Finance

    I don't remember any national project but they have definitely done regional", he told the committee and offered to provide documents on CA-India links. In an undercover report last week, Cambridge Analytica executives had been caught boasting that they, along with parent company Strategic Communications Laboratories, had worked in more than 200 elections around the world, including India, Nigeria, Kenya, the Czech Republic and Argentina.
  • Uber driver ends up taking passengers down set of stairs

    Finance

    The driver was outside a Safeway supermarket in San Francisco's Castro district on March 26 and obviously took a wrong turn. An Uber driver in California ended up taking the stairs on Sunday after claiming the navigation system in the ride-sharing app told him to.
  • Spain breaks up cybercrime gang after $1.2 billion spree

    Spain breaks up cybercrime gang after $1.2 billion spree

    Finance

    After 2016, the threat actors extended their reach to include malware based on the Cobalt Strike penetration testing software, which also permitted the remote control of victim PCs, leading to the infection of servers which control ATMs. The criminals would send out to bank employees spear phishing emails with a malicious attachment impersonating legitimate companies. "The arrest of the key figure in this crime group illustrates that cybercriminals can no longer hide behind perceived ...
  • GSK buys Novartis stake in consumer healthcare venture for $13B

    GSK buys Novartis stake in consumer healthcare venture for $13B

    Finance

    Is The Stock Safe to Invest? " The time is right for Novartis to divest a non-core asset at an attractive price", Novartis CEO Vas Narasimhan said . The stock, as of last close, traded 8.40% away to its 52 week low and was at a distance of -15.98% from its 52 week high. For now, the company has PEG ratio of 3.00.
  • IShares MSCI Malaysia ETF (EWM) Declines 0.652% for Mar 25

    IShares MSCI Malaysia ETF (EWM) Declines 0.652% for Mar 25

    Finance

    Often times, individuals may fall into traps that could have been avoided. When the shorter term indicator, TenkanSen, rises above the longer term indicator, KijunSen, the securities trend is typically positive. Barclays reiterated a "hold" rating and set a $150.00 target price on shares of Msci in a report on Friday, February 2nd. A ratio under one signals that the price has lowered over that same time frame.
  • Sea of Thieves producer announces 'Death Cost' idea is dead

    Sea of Thieves producer announces 'Death Cost' idea is dead

    Finance

    In the post, Neate also highlighted the main issues Rare has come across with Sea of Thieves now it is up and running, picking up especially on player griefing: "We are very aware of the topic of persistent player griefing (repeatedly being attacked by the same ships or players)".
  • Sensex furthers gains for second day on positive global cues

    Sensex furthers gains for second day on positive global cues

    Finance

    Mumbai: Positive cues from the European markets, along with healthy buying in banking, consumer durables, auto and metal stocks, pushed the key Indian equity indices to provisionally close on a higher note on Monday. Biggest gainers in the 30-share index were State Bank Of India (5.01%), H D F C Bank (2.91%), Tata Steel (2.80%), Bharti Airtel (2.64%), Housing Development Finance Corporation (2.32%), and Larsen & Toubro (2.16%).
  • Global Trading Giants Dip Toes in China Oil Futures on Debut Day

    Global Trading Giants Dip Toes in China Oil Futures on Debut Day

    Finance

    It was the first futures contracts listed on China's mainland to overseas investors, putting domestic and foreign investors on an equal footing. The existing benchmarks are "highly liquid, (have) been trading for decades, denominated in USA dollars and include a large portion of physical deliveries", said Jonty Rushforth, head of oil pricing at S&P Global Platts.
  • Foxconn buys Belkin for $866M in global consumer play

    Foxconn buys Belkin for $866M in global consumer play

    Finance

    It appears Belkin and its brands will be run separately from Foxconn , with the press release noting Belkin CEO Chet Pipkin and his executive team will continue to manage the company. However, it's important to remember that the acquisition will be subject to regulatory approvals by the United States government, since the deal involves an American company being acquired by a foreign one.
  • Research Report For Amazon.com, Inc

    Research Report For Amazon.com, Inc

    Finance

    The stock increased 2.37% or $35.44 during the last trading session, reaching $1531. About 13.77 million shares traded. (NYSE:GWR) has risen 13.88% since March 26, 2017 and is uptrending. The firm's revenue for the quarter was up 38.2% on a year-over-year basis. analysts predict that Amazon .com, Inc. will post 8.16 EPS for the current fiscal year.
  • Bank of Ireland (IREBY) Rating Reiterated by Goldman Sachs

    Bank of Ireland (IREBY) Rating Reiterated by Goldman Sachs

    Finance

    Bridges Investment Management Inc who had been investing in Goldman Sachs Group Inc for a number of months, seems to be less bullish one the $94.16B market cap company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company's stock.
  • Boring Co to sell 'Lego-like' construction blocks

    Boring Co to sell 'Lego-like' construction blocks

    Finance

    He's turning the rocks harvested from below ground into LEGO-like blocks which Musk says could be used to build the outer walls of a house in little more than a day. According to Musk, the first set will go with an "ancient Egypt" motif: "Pyramids, Sphinx, temple of Horus, etc". "Guaranteed to be Flamethrower-proof!" When Musk is not sending a Tesla into orbit, preparing to colonize Mars, or drilling new and exciting holes, the world's preeminent futurist is apparently playing ...
  • Councils to get extra £100m to fix potholes

    Councils to get extra £100m to fix potholes

    Finance

    National cycling charity Cycling UK has expressed disappointment at new government money for pothole repairs, saying that it will only fund "patchwork jobs" and is "too little too late". Transport Secretary Chris Grayling said: "We have seen an unusually prolonged spell of freezing weather which has caused damage to our local roads".
  • JD Sports Fashion to acquire United States brand Finish Line

    JD Sports Fashion to acquire United States brand Finish Line

    Finance

    Under the terms of the agreement, shareholders of Finish Line will receive $13.50 in cash for each share of Finish Line common stock. Finish Line now plans to report actual fourth quarter and fiscal year 2018 results on March 29 versus April 3 as previously announced.
  • GKN retracts comments over shareholder support and sweetened Driveline deal

    GKN retracts comments over shareholder support and sweetened Driveline deal

    Finance

    Illustrating the bitter nature of the takeover battle, it featured on the front page of Britain's Daily Mail newspaper on Monday: "Don't let Vultures destroy a British colossus", it said, noting some shareholders did not have a long-term interest in the company that helped make Spitfire fighter aircraft in World War Two.
  • Spotify could rack up 96 million paid subscribers this year

    Spotify could rack up 96 million paid subscribers this year

    Finance

    Spotify expects to reach almost 100 million paid subscribers and around 200 million total listeners by year's end, the music-streaming service said Monday. Sorry to all you ad-free users who aren't paying, it looks like Spotify have caught onto you. That would be growth of about 20 percent to 30 percent from a year earlier.
  • First ever yuan-denominated oil futures go on sale

    First ever yuan-denominated oil futures go on sale

    Finance

    So far, China has opened more than 6,000 trading accounts, including the country's oil majors and about 150 brokerages. On Tuesday, the government said it would waive income taxes for foreign investors for the first three years. "It's a China market, with Chinese characteristics", said Helmig. Other participants included Freepoint Commodities, BOCI Global Commodities and North Petroleum International.
  • Consumer watchdog takes Telstra to Federal Court over false billing charges

    Consumer watchdog takes Telstra to Federal Court over false billing charges

    Finance

    The ACCC and Telstra made a joint submission to the Federal Court and Telstra is facing $10 million in penalties. Sims said many customers who contacted the company to explain were directed to third parties despite Telstra knowing that they had difficulty getting a refund from third-party suppliers or cancelling their subscription.
  • Bushmaster AR-15 gun maker Remington files for bankruptcy

    Bushmaster AR-15 gun maker Remington files for bankruptcy

    Finance

    Remington had said last month it was nearing a bankruptcy filing , which it made on Sunday in federal bankruptcy court in Delaware. The company has been planning to reduce its debt by $700 million through the Chapter 11 process and contribute $145 million to its subsidiaries.
  • Sensex up 470 points, Nifty above 10100 on support by bank shares

    Sensex up 470 points, Nifty above 10100 on support by bank shares

    Finance

    The domestic market recovered from its early losses, with banking, metal, finance consumer durables, capital goods, auto, PSU and realty stocks showing strength. The Dow Jones Industrial Average tumbled 425 points to close at 23,533, a almost four-month closing low, the tech-heavy Nasdaq plunged 174 points below its important psychological 7,000-mark to its lowest closing level in well over a month and the S&P 500 shed 55 points to end the day at 2,588.
  • People losing trust in FB over privacy: Polls

    People losing trust in FB over privacy: Polls

    Finance

    But in versions of Android 4.1 and prior, granting access to a phone's contacts list also granted access to call and message logs by default, Ars reports. The recent data breach saw over 50 million user accounts acquired by a political consulting firm. Facebook's share price had plunged following the controversy.
  • Polls show Facebook losing trust as firm uses ads to apologise

    Polls show Facebook losing trust as firm uses ads to apologise

    Finance

    The ad, which included the Facebook logo in the lower left corner of the page, ran in USA newspapers including the New York Times , the Washington Post , the Wall Street Journal , as well as British newspapers like the Sunday Times, the Mail on Sunday and the Sunday Telegraph .
  • Uber Agrees To Sell Southeast Asian Operations To Grab

    Uber Agrees To Sell Southeast Asian Operations To Grab

    Finance

    This has been in the works for some time now, with Japanese MNC SoftBank (who has stakes in Uber, Didi Chuxing and Grab) pushing for a move to consolidate and strengthen against global rival ride-hailers such as Lyft and GoJek . Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion past year, and is facing fierce competition at home and in Asia, as well as a regulatory crackdown in Europe.
  • Here's how to protect your personal info on Facebook

    Here's how to protect your personal info on Facebook

    Finance

    Facebook's advertising strategy allows brands to serve targeted ads based on users' interests and demographic info, even when a user is not on the site. So if you've ever had an account with Facebook , the company automatically tracks and collects your data to serve you better and targeted advertisements.
  • Cetera Advisors LLC Sells 136 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

    Finance

    It has underperformed by 33.33% the S&P500. Private Wealth Partners Llc decreased Amazon Com Inc (AMZN) stake by 1.87% reported in 2017Q3 SEC filing. Since December 7, 2017, it had 0 insider purchases, and 13 insider sales for $45.88 million activity. Blackburn Jeffrey M sold 12,666 shares worth $18.50M.
  • Dow Jones closes down 723 points

    Dow Jones closes down 723 points

    Finance

    Despite the craziness, some money managers cautioned that the USA economy remains fundamentally strong, aided by a tax cut, repatriation of corporate profits and a budget bill signed by President Trump on Friday that includes the largest hike in military spending in 15 years.
  • Police muted body cameras after shooting unarmed Black man in Sacramento

    Police muted body cameras after shooting unarmed Black man in Sacramento

    Finance

    Relatives, activists and Sacramento officials are questioning why police shot at an unarmed man in his grandparents backyard. The object in Clark's hand turned out to be a white iPhone. The protest, which was organized by Black Lives Matter Sacramento , briefly spilled onto Interstate 5 after the group left City Hall. The fatal shooting of Stephon Clark on Sunday night was recorded by two officers' body cameras and from a police helicopter; that footage was released Wednesday .
  • Air India's flight reaches Israel using Saudi airspace for first time

    Air India's flight reaches Israel using Saudi airspace for first time

    Finance

    Finally, the Saudi government has given permission to Air India to fly over their airspace, enabling it to take a shorter route, and will save a lot of travelling time. El Al has asked industry group IATA to help it access Saudi Arabia's airspace. The new direct route reduces flight times between India and Israel from 7.5-9 hours to 5-6 hours.
  • FG replies PDP, says Abduction & Release of #DapchiGirls not Stage-Managed

    FG replies PDP, says Abduction & Release of #DapchiGirls not Stage-Managed

    Finance

    In a statement on Thursday, Mohammed said the PDP should have congratulated the federal government and Nigerians on the release of the girls or kept quiet. A boy and another girl, separate from the Dapchi schoolgirls, were also released, the government said. He cited sections 40 and 41 (1) and (2) A of the 1999 constitution, amended as guaranteeing every Nigerian freedom of assembly and association with other persons including belonging to any political party.
  • United Kingdom forms cryptocurrency task force

    United Kingdom forms cryptocurrency task force

    Finance

    Other important highlights of the Fintech Sector Strategy include the establishment of standards that will make it easier for fintech firms to form a partnership with banks. Digital and Culture Secretary Matt Hancock will also announce that Tech City UK is creating a nationwide FinTech Program, which will seek to support companies across the sector.
  • Stock in the Wall Street Spotlight: Valero Energy Corporation (VLO)

    Finance

    It has underperformed by 24.43% the S&P500. (NYSE: VLO ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The total dollar value of all 436.00 million outstanding shares is 41.62 billion. Next Gru owns 2,901 shares. Co Bank & Trust holds 23,847 shares or 0.02% of its portfolio.
  • Temenos Group (OTCMKTS:TMSNY) Upgraded by Deutsche Bank to

    Temenos Group (OTCMKTS:TMSNY) Upgraded by Deutsche Bank to "Buy"

    Finance

    COPYRIGHT VIOLATION WARNING: "Deutsche Bank (NYSE:DB) Earns Buy Rating from DZ Bank" was reported by The Lincolnian Online and is the property of of The Lincolnian Online. The relative strength index (RSI)'s recent value positioned at 19.42. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
  • McDonald's (MCD) Given News Sentiment Rating of

    McDonald's (MCD) Given News Sentiment Rating of

    Finance

    Brookmont Capital Management who had been investing in Mcdonalds Corp for a number of months, seems to be less bullish one the $124.77 billion market cap company. Liberty Mutual Asset Mgmt owns 31,657 shares for 0.31% of their portfolio. Shareholders of record on Thursday, March 1st were issued a dividend of $1.01 per share.
  • EPS for The Goldman Sachs Group, Inc. (GS) Expected At $5.41

    Finance

    It has outperformed by 22.53% the S&P500. Ulysses Management Llc decreased Goldman Sachs Group Inc (GS) stake by 44% reported in 2017Q3 SEC filing. Segment Wealth Management Ltd Liability Corp reported 1.2% of its portfolio in The Goldman Sachs Group, Inc . (NYSE:GS) for 916 shares. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.