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Proposal to Let Bosses Keep Workers' Tips Provokes Investigation


Under the Department's proposed rule change , employers would be allowed to keep tips earned by employees who are paid the federal minimum wage - now $7.25 per hour. Many tipped workers would not be affected, however, because the law would continue to prevent employers from taking the tips of those who earned less than the minimum wage. Read More »

Union-Tribune Sold to LA Billionaire, Says The Washington Post


The transaction would include The Times and The San Diego Union-Tribune, these people said. Tronc Inc ., the Chicago-based owner of the, is near a deal to sell the newspaper, the Times reported on Tuesday . A doctor by trade, Soon-Shiong has feuded with Tronc's leadership since becoming a minority shareholder and taking a 26% stake in the company. Rumors began circulating last spring that Soon-Shiong may attempt to buy Tronc or the Times in early 2018. Read More »

Broadcom presents 'best and final' offer for Qualcomm


Chip maker Broadcom boosted its buyout offer for San Diego's Qualcomm on Monday to $82 per share - ratcheting up the pressure on shareholders to support a hostile takeover bid. "We are going all the way to Qualcomm's shareholder meeting of March 6", Tan said. Broadcom's offer represents a 50% premium over the closing price of Qualcomm common stock on November 2, 2017, the last unaffected trading day prior to media speculation regarding a potential transaction, and a premium of 56% to ... Read More »

Trending Stock Alert: Marathon Petroleum Corporation (MPC)

It has outperformed by 29.50% the S&P500. Qcm Cayman Ltd decreased its stake in Avis Budget Group (CAR) by 60.29% based on its latest 2017Q3 regulatory filing with the SEC. Federated Investors Pa reported 43,298 shares. Marathon Oil Corporation (MRO) reported down return of -4.94% return in last trading session. Carroll Financial Associate Incorporated reported 850 shares. Read More »

Dow drops, regains 500 points as market's wild ride continues


A key jobs report on Friday - showing strong growth in the U.S. labour market - appears to have been the catalyst for the rally to come to a halt, at a time when some observers have suggested a so-called correction might be due. Those stemmed from the USA jobs report on Friday (Saturday NZT). "There's genuine carnage out there", said Chris Weston, chief market strategist at IG in Melbourne, Australia. Read More »

Dow industrials fall greater than 500 factors in Friday selloff


Monday's decline brought the Dow down 3.8% to 24,547. The yield on the benchmark 10-year Treasury US10YT=RR reached a four-year peak at 2.852 percent on Friday after a strong U.S. Benchmark U.S. crude slid 68 cents to $64.77 a barrel in electronic trading on the New York Mercantile Exchange. The sell off should be put in the context of a two-year surge in U.S. Read More »

Crude Oil Tumbles Along With Global Stocks


In the USA, stored supplies probably increased by 3 MMbpd last week, according to a Bloomberg survey ahead of government data scheduled to be released on Wednesday. "Any time you get a 1,500-point move in one day that's going to spook markets", said Phillip Streible, senior market strategist at RJO Futures. "Total liquids production in China averaged 4.8 million b/d in 2017, a year-over-year decline of 0.1 million b/d (2 percent) from 2016, and further declines in both 2018 and 2019 are ... Read More »

Girl Scout burned for selling cookies near San Diego pot shop


Girl Scout Cookies is a popular strain of the marijuana plant, which, according to High Times , has a flavor that is "reminiscent of actual Thin Mint Girl Scout Cookies". However, Girl Scouts San Diego said that individual girls are allowed to be selling from wagons now as long as they have a parent present. Urbn Leaf founder, Will Senn, said the girl was with her parents and was just passing by with her wagon. Read More »

Stelac Advisory Services LLC Purchases Shares of 5463 Walt Disney Co (DIS)


Investors who are keeping close eye on the stock of CenturyLink, Inc. The Capital Growth Management Lp holds 470,000 shares with $22.83 million value, up from 220,000 last quarter. Robert A. Iger holds 1,061,192 (0.07% of shares outstanding). It turned negative, as 44 investors sold MAR shares while 224 reduced holdings. 107 funds opened positions while 619 raised stakes. Read More »

McDonald's French Fries Might Cure Hair Loss


Along with a lot of scientific language you may not be as interested in, the study's Junji Fukuda summed it up this way, which is what you really want to know: "It worked very well". Refinery29, meanwhile, goes hardest : " McDonald's French Fries Might Cure Hair Loss, Reports Best Study Ever". "If we can take even one hair, it's possible to grow up millions of cells in a laboratory and invite the patient back in to have them injected", he says. Read More »

Quant Data & Earnings in Focus For Triple-S Management Corporation (NYSE:GTS)

The average volume for Sanchez Energy Corporation (NYSE:SN) has been 3.18 million shares per day over the past 30 days. The stock decreased 1.12% or $0.33 during the last trading session, reaching $29.23. Lenox Wealth Management invested in 560 shares or 0.02% of the stock. California-based Blume Mngmt Inc has invested 0.03% in Magellan Midstream Partners, L.P. Read More »

Uber And Waymo Lawyers Hurl Accusations In Opening Statements


Waymo, a company spun out of Google, will be making its case first with Uber then having a chance to defend itself. Kalanick engineered Uber's deal to buy a startup founded by Levandowski for $680 million. Waymo claims in its lawsuit that Uber got hold of its critically important and proprietary information concerning navigation technology for self-driving cars, and used it for its own driverless-car program. Read More »

General Motors beats expectations on strong crossover sales and cost control

The company had revenue of $38.50 billion during the quarter, compared to the consensus estimate of $36.96 billion. Finally yet importantly, returns on equity stand at 7.00%. The disclosure for this sale can be found here. Pub Employees Retirement Association Of Colorado has 0.06% invested in Ford Motor Company (NYSE:F) for 650,093 shares. Read More »

Report claims CFPB is backing away from Equifax probe


Democratic lawmakers lashed out at the Consumer Financial Protection Bureau on Monday amid a report that the agency was backing off an investigation into a massive data breach at Equifax past year that exposed sensitive data about millions of people. Read More »

Video Shows South Korean Black Eagles T-50 Accident at Changi Airport


The Navy aircraft are forward deployed to the Indo-Asia-Pacific as part of the US 7th Fleet and have routine presence across the region. "We must pay attention to these costs from the beginning", de Juniac said. "It demonstrates great understanding of the role aviation plays in linking the Korean economy to economic opportunities globally", said de Juniac. The city-state's plans for its hub airport include a new development due to open next year featuring a 131 foot (40 metre) high ... Read More »

Stock On Top of Chikou Starbucks Corp (SBUX) — Momentum Focus

SBUX has diverse figures for different time frames; starting from week's performance moved down -3.83% in last five regular trading sessions. The shares were sold at an average price of $57.02, for a total transaction of $9,284,338.52. Andra Ap invested in 0.21% or 166,300 shares. Dubuque National Bank & Trust has invested 0.77% in Starbucks Corporation (NASDAQ:SBUX). Axa reported 1.85 million shares or 0.43% of all its holdings. Read More »

Oman Crude falls by $2 from three-year high


Morgan's oil analysts. Meanwhile, the number of rigs searching for crude in American shale fields jumped to the highest in more than five months last week, a harbinger of ever-greater oil output. Brent was down 75 cents, or 1.1 per cent, at $67.83 a barrel at 0033 GMT, after falling 1.5 per cent on Friday. The global benchmark crude traded at a premium of $3.29 to April West Texas Intermediate, touching the least since August. Read More »

US Trade Deficit in December was the largest in Nine Years


The Commerce Department released figures on Tuesday that shows the trade gap in goods and services rose to $566 billion a year ago, the highest level since $708.7 billion in 2008. In 2017, the US had record imports from 47 countries, led by China. When adjusted for inflation, the trade deficit increased to $68.4 billion from $66.5 billion in November. Read More »

Beijing becoming world's busiest airport


Dubai International Airport said it kept its place as the world's busiest for international passengers in 2017 even as passenger traffic grew at its slowest pace in at least nine years. "With passenger traffic expected to reach 90.3 million in 2018, our focus in the new year will be on the DXB Plus program, which aims to expand the airport's annual capacity to 118 million passengers through process improvements and use of new technology", Griffiths said. Read More »

Asian shares tumble after Dow has worst day since 2011


Stock markets in Asia and the Pacific region plunged on Tuesday morning as the global equity rout continued for a third day. Kelly said the signs of inflation and rising rates are not as bad as they looked, but after the market's big gains in 2017 and early 2018, stocks were overdue for a drop . Read More »

RBA makes cash rate call


RBA leaves cash target rate unchanged at 1.50% as expected, adds little new to statement The Australian Dollar eventually declined versus its peers, but initial response was mute Policymakers appear to be in no urge to act on rates soon, Governor Lowe to speak later Just started trading /USD? Financial markets have fully priced a 25 basis point rise by February next year. Read More »

Birmingham is the third most congested city in the UK


The evening rush hour, however, saw even worse traffic jams, which the average speed falling further to just 12.3 miles per hour. 111 cities and towns were analysed across the United Kingdom, with the direct and indirect costs of congestion for all drivers totaling more than £37.7 billion in 2017, an average of £1,168 per driver. Read More »

Best Buy to Stop Selling CD's


Although Best Buy used to be the top music seller in the US, nowadays its CD sales generate a relatively low $40 million per year. Now, I pay my monthly Spotify subscription, so I don't have to worry about buying music. The company will stop selling CDs in stores on July 1, according to Billboard . Best Buy will continue to sell vinyl for the next two years. The company wants to be able to switch to scanned-based trading in order to prevent an inventory risk. Read More »

Digital Realty Trust (NYSE:DLR) Upgraded by UBS Group to Neutral

The firm has a market cap of $471.86, a P/E ratio of 17.99 and a beta of 0.79. The biggest holder now is Mr. Thomas W. Toomey who owns 1,127,925 shares (0.42% of those outstanding), whilst Mr. Macquarie Research maintained it with " rating and $67 target in Thursday, September 3 report. The firm has "Buy" rating given on Friday, August 12 by Citigroup. Read More »

EC will not convince candidates to file nominations, says CEC OP Rawat


The core committee of civil organisations and tribal bodies and also the Naga insurgent groups had declared that anyone contesting the elections against "the wishes of the Naga people" would be branded as "anti-Naga". The party suspended the leader who had signed the agreement. He said the NDPP would contest 40 of the 60 seats in the state assembly while the BJP would field candidates in the remain 20 seats. Read More »

It's about earnings, not Treasury yields


It also threatened to deprive President Donald Trump and the GOP of a favorite talking point at the nascent stages of the 2018 midterm campaign. The strengthening economy is translating into not only stronger profits for companies but also better sales, something that investors have been keen to see. Read More »

Wild Ride: Dow Plunges by almost 1600 Before Bouncing Back


Wall Street pros, citing still strong business conditions in the US, continued to try to put the recent market downturn in perspective, reminding investors that the broad Standard & Poor's 500 stock index had rallied almost 44% following its last 5% downturn 20 months ago. Read More »