Business
Tata Steel signs MoU which could safeguard 8000 United Kingdom jobs
Due diligence on the deal will now take place, with the aim of signing the final contract in the early part of 2018. In a statement Heinrich Hiesinger, CEO of thyssenkrupp AG said: " Under the planned joint venture, we are giving the European steel activities of thyssenkrupp and Tata a lasting future". [Full Article...]
Toys 'R' Us' unusual silence forced its bankruptcy
The toy giant said its roughly 1,600 global stores will continue to operate normally, with the vast majority profitable, but it has struggled with the burden of $5 billion in long-term debt. Lee explained that while a decade ago children were playing with traditional toys, the store needs to adapt to the " new kids on the block" that would rather buy electronics. [Full Article...]
BoE's Mark Carney says United Kingdom rate hike looms in Brexit-hobbled economy
In his speech, Mr Carney also discussed the impact of globalisation, demographics and technology on the world economy and monetary policy. An economics think tank says the Bank of England's (BOE ) latest policy adjustment will allow the United Kingdom to offset post-Brexit headwinds, restoring consumer spending and investment. [Full Article...]
Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low
OPEC and producers, including Russian Federation, have agreed to reduce output by about 1.8 million barrels per day until March 2018 to reduce global oil inventories and support prices. At $55.50 a barrel, Benchmark Brent crude was up 3 cents at 2:03 p.m. ET (1803 GMT), in an unstable session that made it stretch from a high of $55.75 a barrel to an intraday low of $54.86. [Full Article...]
Ryanair cancels hundreds of flights after 'messing up pilot holidays'
The Ryanair CEO stated: "All customers on the affected flights will receive an email highlighting the alternative flights they can transfer to hopefully on the same day". In a statement released today, the no-frills airline said the cancellations would happen over the next six weeks. You should get your money back within seven days or given an alternative flight . [Full Article...]
Avast's CCleaner software used to spread malware
In a security notice posted earlier today, Piriform vice president of products Paul Yung apologized to users for the security issue and added, "to the best of our knowledge, we were able to disarm the threat before it was able to do any harm". [Full Article...]
ON Semiconductor Corporation's (ON) "Hold" Rating Reiterated at KeyCorp
Tiaa Cref Management Ltd Liability Co has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Lattice Semiconductor Corporation (LSCC)'s RSI (Relative Strength Index) is 41.36. Analysts expect that Cypress Semiconductor Corporation will post $0.67 EPS for the current year. Jefferies maintained the shares of LSCC in report on Monday, September 11 with "Hold" rating. [Full Article...]
Anna Nordqvist defeats Brittany Altomare on first playoff hole in Evian Championship
But with the final hole bogey, she dropped to eight under par, one shot behind Brittany Altomare and Anna Nordqvist. The 2009 LPGA Championship victor, who battled glandular fever (mononucleosis) this summer, outlasted third-year-pro Altomare under borderline-unplayable conditions similar to those on Thursday that forced the LPGA to reduce the tourney to 54 holes. [Full Article...]
Ireland's Ryanair to cancel 40-50 flights per day
The decision has been taken due to a huge backlog of annual leave which has seen large numbers of the airline's staff book holidays towards the end of the year. For some passengers though, the cancellations have led to lost holidays and even being stranded without help from Ryanair. He said the odd thing related to customer care, was to say you are trying to improve the airline's operation throu... [Full Article...]
Astrazeneca PLC (AZN) Shares Bought by CIBC World Markets Inc
The rating was upgraded by UBS to "Buy" on Wednesday, October 5. On Monday, April 25 the stock rating was maintained by Goodbody with "Buy". The company was maintained on Saturday, August 13 by Robert W. The rating was maintained by AlphaValue with "Buy" on Thursday, December 3. The stock of Restore PLC (LON:RST) earned "Buy" rating by Peel Hunt on Monday, September 12. [Full Article...]
10k to 20k Rohingya Muslims arrive in Bangladesh each day, United Nations says
Human Rights Watch and Amnesty International had accused the Security Council on Tuesday of ignoring large-scale " ethnic cleansing " of the Rohingyas and demanded that it hold an open meeting and urge an end to the violence. Myanmar government spokesman Zaw Htay said he did not have information about the incidents Bangladesh had complained about but Myanmar had denied an earlier accusation. [Full Article...]
Nike unveils Cleveland Cavaliers' new "Statement Edition" uniforms
It's not yet clear how often teams will wear these new uniforms, but hopefully it's a lot because they sure are pretty sharp. When Nike took over as the NBA's new jersey brand, they made some changes. Run through the gallery above to see players from every team showing off the new jerseys. To unlock it all, fans will download the NikeConnect app and tap the jersey with their smartphone. [Full Article...]
Google Chrome will ditch annoying autoplay videos in January
There's nothing more annoying on the web than autoplaying vids with sound to your unsuspecting ears and colleagues while you simply browse for a pair of sneakers instead of actually working. In Chrome 64 , autoplay will only be authorised when the media isn't playing sound or the user has specifically "indicated an interest" in the content. [Full Article...]
Crude palm oil futures remain up on rising demand
It was said that the gasoline stocks fell by 8.4 million barrels over the past week. In May, Opec and non-Opec members agreed to extend production cuts of 1.8m barrels per day for a period of nine months until March 2018. Should OPEC keep pumping at August's rate, the market would see a small supply deficit next year, versus a 450,000-bpd surplus implied by last month's report. [Full Article...]
Direct Line Insurance Group Shares Recommendation Reiterated by Goldman Sachs Group,
It has underperformed by 16.70% the S&P500. Among 5 analysts covering Cheetah Mobile Inc ( NYSE:CMCM ), 1 have Buy rating, 1 Sell and 3 Hold. Liberum Capital's target means a potential upside of 13.69% from the company's previous stock close. [Full Article...]
Korea: 'We will sink Japan, reduce the USA mainland to ashes'
Tensions in the region had risen exponentially of late as a result of the hermit kingdom's sixth and largest nuclear test on 3 September. She told the Security Council on Monday that the United States continues to seek a peaceful resolution to the crisis, saying North Korea has not yet " passed the point of no return". [Full Article...]
Govt backs daily fuel price revision
Pradhan explained the reason behind surge in petrol prices and said that it is linked to worldwide prices and not directly to the cost of production. Defending hike in fuel prices, Mr Pradhan said that world refining capacity has come down by 13 per cent due to hurricane in U.S. due to which in last three months worldwide petrol prices have jumped by 18 per cent and diesel by 20 per cent. [Full Article...]
Equifax Melts Down Under Surge of Angry Consumers
The credit monitoring company's call centre staff say that Canadians who have Equifax accounts in the US could be at risk of having their data compromised, such as those who have lived, worked or applied for credit south of the border. For example, if you provide a telephone number, the business must call you to verify whether you are the person making the credit request. When you freeze your... [Full Article...]
India August YoY consumer price inflation up 3.36%
Meanwhile, the cost of motor fuels and air fares had a "large upward effect", with petrol prices rising 1.8p per litre. There was upward pressure on clothing and fuel prices for the month and there was wider upward pressure on finished goods prices for the month. [Full Article...]
Alumasc Group plc (ALU) Insider Purchases 11751 Shares of Stock
The Northstar Asset Management Llc holds 32,821 shares with $2.26M value, down from 50,166 last quarter. National Oilwell Varco Inc now has $12.26 billion valuation. The stock decreased 0.59% or GBX 5.94 on September 12, reaching GBX 1005. It has underperformed by 29.93% the S&P500. Investors sentiment decreased to 0.67 in 2016 Q4. [Full Article...]