Wednesday, 22 November 2017
Latest news
Home » Economy

Economy

Ford makes $2B in second quarter, up 3.7%

perth_map

The vehicle manufacturer said it expects full-year adjusted earnings per share to be in the range of $1.65 to $1.85. Operating income fell 16% to $2.5 billion due to higher commodity costs, unfavorable exchange rates in China and Europe, and expenses related to the auto maker scrapping plans to build a small-car factory in Mexico. Read More »

Q2 Earnings From Boeing And Coca Cola

perth_map

SRS Capital Advisors Inc. acquired a new position in Coca-Cola Company (The) during the fourth quarter worth $127,000. Berkshire Asset Management LLC PA boosted its stake in Coca-Cola Company (The) by 1.4% in the second quarter. According to Yahoo Finance, The Dividend Date for Coca-Cola Company is Oct 2, 2017 and its Ex-Dividend Date is Jun 13, 2017. Former Coca-Cola CEO Muhtar Kent has now stepped down and was replaced by Quincey, who had previously been serving as the company's ... Read More »

United Kingdom economic growth remains lacklustre in second quarter

perth_map

That was weighed against a hard stop in the construction and manufacturing industries following six months of earlier growth, falling 0.9% and 0.5% respectively. "Today's GDP figures reveal weak growth under a weak government, and expose the last seven years of Tory economic failure". Chris White, head of United Kingdom equities at Premier Asset Management, says it is likely that 'given the lack of consensus and clarity surrounding Brexit , the UK's economic growth will wane, at least on ... Read More »

Musk: Zuckerberg's Knowledge of Artificial Intelligence is Limited

perth_map

Smart machines could start wars or kill people in streets, Musk has warned. In a live video Q&A on Facebook on Monday, Zuckerberg was asked what he thought about Musk's calls for proactive regulation of artificial intelligence and his doomsday philosophy? Zuckerberg also said technology can be both good and bad, depending on how people develop or use it. Read More »

US Fed Ahead, Trump Takes Another Shot at Obamacare Repeal

perth_map

University of OR economist Tim Duy wondered whether policymakers would "continue with the mantra that the weak inflation data mostly reflects simply a series of unusual shocks", OR decide the weakness is more persistent. "I've known Gary for a long time, but I've gained great respect for Gary working with him, so Gary certainly would be in the mix", said the president. Read More »

United Kingdom Plans to Ban Diesel, Petrol Cars Sales From 2040

perth_map

New diesel and petrol cars and vans will be banned in the United Kingdom from 2040 in a bid to tackle air pollution, the government is set to announce. The government's plans will not contain a vehicle scrappage scheme. But that is thought to have been ruled out as too costly and would have provoked a backlash from motorists - including so-called "white van man" - and Tory backbenchers. Read More »

Nielsen now includes YouTube TV & Hulu Live in C3/C7 TV ratings

perth_map

Nielsen Digital in TV Ratings, which launched in 2015, counts live, DVR and on-demand TV digital viewing across desktop, tablets and smartphones when the content and commercials match the ad load for a show's original linear TV airing. Will Nielsen be measuring other streaming services in the future? More and more viewers are making the switch from cable to OTT services as well as using digital subscription services such as Hulu, Sling, Amazon, and YouTube TV instead of switching on their ... Read More »

MTA chair unveils extensive, $836M action plan to fix ailing NYC subway

perth_map

And even though Lhota noted that the problems we're seeing today pale in comparison to the subway's bad ol' days, when track fires and other problems reached all-time highs, he didn't mince words: "We are failing our customers". Later in the day, Lhota attacked the mayor in a statement for what he considered to be a stunt, considering that the MTA is already working on outlining a plan for subway improvements. Read More »

AK Steel beats Street 2Q forecasts

perth_map

Shares of United States Steel Corporation (X ) traded up 2.69% during midday trading on Tuesday, hitting $24.44. According to Zacks , analysts expect that AK Steel Holding Corporation will report full-year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.92. Read More »

United Nations condemns attacks on IDPs camps in Borno

perth_map

In a related incident at Dalori 2 IDP camp, a suicide bomber was intercepted and neutralized. Nigerian security forces are on high alert after several people are killed in suicide bomb attacks. The extremist group Boko Haram is most likely to be responsible for the attacks. The worst of these attacks occurred on 30 January 2016, when at least 86 people were killed and at least 62 more injured. Read More »

Seven govs head to London to meet Buhari

perth_map

The four governors are from the South-South, South-East, North-West and South-West respectively. A governor, who is not among those travelling to see Buhari, said those chosen for the journey were picked outside what he described as the Nigeria Governors' Forum. Read More »

AT&T Wins Big in Q2

perth_map

For the second quarter, AT&T's wireless revenue was $17.5 billion, down 2.3 percent year over year, due to decreases in service and equipment revenue. The stock has slipped 15% this year. Total business wireline revenue was $7.4 billion, down 5.9 percent year over year. Partner Solutions revenues also declined slightly during Q2 2017, which ended June 30, from $1.52 billion in Q2 2016, down to $1.49 billion during Q2 2017. Read More »

BMW Group confirms Oxford production for electric Mini

perth_map

The Mini hatchback line now offers petrol and diesel engines, as does the larger Countryman series to which a plug-in hybrid variant was added recently. On Tuesday, Business Secretary Greg Clark described the decision to build the new electric vehicle in Oxford as a "vote of confidence" in the UK. BMW, which owns the Mini and Rolls-Royce brands, already produces hybrid or fully battery powered vehicles at 10 plants worldwide. Read More »

Consumer Confidence Grew in July

perth_map

The Conference Board reported that its Consumer Confidence Index rose 3.8 points to 121.1 in July. The S&P/Case-Shiller 20-city index rose 5.7% in the three-month period ending in May compared to a year ago, down from 5.8% in the prior period. Read More »

Pacific NorthWest LNG Project Not Proceeding

perth_map

Petronas and its partners have decided not to move forward after a "careful and total review" of the project. Environmentalist opposed the project citing its impact on a lovely and sensitive area off of Canada's west coast. "This was a decision they are making because of the economic challenges in the global energy marketplace". Pointing to the Aurora LNG project, also proposed for Prince Rupert, Mungall said there are still would-be LNG developers in B.C. Read More »

Domino's stock plunges due to weak worldwide sales

perth_map

It has underperformed by 16.70% the S&P500. It was reported on Jul, 25 by Barchart.com . Domino's Pizza , Inc., launched on July 30, 2002, is a pizza restaurant chain company. (LON:DOM) traded down 5.55% during midday trading on Tuesday, hitting GBX 263.70. Kepler Cheuvreux downgraded the stock to "Hold" rating in Friday, September 2 report. Read More »

Police Avert Boko Haram Attacks on Kano

perth_map

The arrested suspects were taken into custody on the outskirts of Kani as they were about to launch attacks on markets and "places of worship", the city's state police chief Rabiu Yusuf told reporters. One of the suspected terrorists who was confirmed to be a dismissed Air Force Officer, now at large, threw an Improvised Explosive Device (IED) at the Police, with three of them (suspects) sustaining various degrees of injury. Read More »

Trump says Apple to build "3 big plants, handsome plants" in US

perth_map

Apple was one of the companies that came under fire. "He called me, and he said they are going forward", says Trump. Reps for Apple did not immediately respond to requests for comment. Of course, Apple doesn't do any of its own manufacturing, save for some Mac Pro production in Texas. Apple now manufactures nearly all of its products in China but the company employs developers and designers in the USA and buys some of its parts from US-based manufacturers such as Corning. Read More »

One Way Money Can Buy Happiness, According To Science

perth_map

In the study , more than 6,000 people in four countries were given an extra $40 a week for two weeks. Some of the subjects were all give $40 to spend for a service to help them save time while others were asked to spend the money on books, food and other items. Read More »

France appeal over 'virulent' Riviera and Corsica fires

perth_map

Hundreds of firefighters in the Riviera region of southern France and on the island of Corsica have battled against wind-whipped blazes that have left some of them injured. But on Tuesday morning, Apt official Dominique Conca told Le Dauphine newspaper that, while firefighters were still working to keep homes safe, the fire was contained. Read More »

Chipotle to report second-quarter earnings after the bell

perth_map

It has a 103.39 P/E ratio. Its down 0.17, from 1.18 in 2016Q3. It improved, as 43 investors sold ECL shares while 275 reduced holdings. Cim Investment Mangement accumulated 1,348 shares. The company was maintained on Wednesday, April 27 by UBS. Barclays PLC lifted their target price on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 26th. Read More »

Lyft & Taco Bell Partner To Create The 'Taco Mode' Feature

perth_map

For now, it's available only in California's Orange County for a limited time: this Thursday through Saturday, and next Thursday through Saturday, between 9pm and 2am. "And now we're not only going to make it permissible, we're going to celebrate this behavior". Well , an LRW-Lyft study this June found those coveted millennial customers most often use ridesharing apps during a night out than any other time. Read More »

India's Bharti Airtel posts smallest profit in 18 quarters

perth_map

India revenue for the three months ended June 30 fell 10% to ₹17,244 crore primarily due to a 14.1% drop in mobile services business. "Consequently, our revenues declined 10 per cent and EBIDTA margin eroded by 5.3 per cent year-on-year", Vittal said in a statement here. Read More »

Casemiro: Neymar is welcome at Real Madrid

perth_map

The striker is now deciding his future with PSG ready to meet his £196m release clause. The Brazil worldwide also revealed that he has new ideas to follow up on the Air Jordan Hypervenom II football boots he also released in 2016. "He would be welcome here", the Real Madrid midfielder said to GloboEsporte.com following Los Blancos' defeat to Manchester United in the International Champions Cup on Sunday. Read More »