Business

Volkswagen AG (ADR): VLKAY Company Pleads Guilty, Executives Charged in Emissions Case

Volkswagen accepted three years of probation overseen by an independent corporate compliance monitor, and agreed to pay a $2.8bn fine to the U.S. government. According to The New York Times , the company is expected to plead guilty to a number of charges including conspiracy to violate the Clean Air Act and the obstruction of justice. [Full Article...]

Marks & Spencer clothing arm returns to sales growth

The company comprehensively beat the forecast of 0.5% with a rise of 2.3%. Shares in Marks & Spencer Group (LON:MKS) have jumped more than one percent in London this morning, outperforming the broader London market, as the company delivered a long-awaited rise in clothing sales. [Full Article...]

USA intelligence officials probe claims that Russian Federation has compromising information on Trump

Mr Trump launched a blistering attack on those media organisations that had published the unverified details, calling it "fake news" before pointing the finger firmly at United States intelligence officials. The former agent is reportedly trusted as a credible source by US intelligence, and claimed to have Russian sources. "People of good will may disagree with our choice", he wrote . [Full Article...]

Amazon launches Chase card for Prime members

Already, Amazon has two similar cards - the Amazon Prime Store Card and the Amazon Rewards Visa . Amazon is coming out with a Prime-only credit card. Prime was built on the foundation of unlimited fast, free shipping and today, members receive Prime Two-Day Shipping on more than 40 million items, Prime Same-Day Delivery in 29 cities and two-hour delivery with Prime Now in more than 30 ... [Full Article...]

Airbus in new delivery record

Order with Boeing in trouble? Among Airbus's unidentified buyers, one is a Middle Eastern customer that's taking 90 narrow-bodies, the sales chief said. In fact, Republican politicians in the U.S. Congress have pledged to block a separate deal between Boeing and Iran Air calling for delivery of fifty 737 Max 8s, fifteen 777-300ERs and fifteen 777-9s valued at $16.6 billion at list prices. [Full Article...]

American Apparel Sold in Bankruptcy Auction

Gildan's takeover marks the end of an era for the iconic Los Angeles-based company, which was founded in 1998 by an eccentric Canadian university drop-out and grew to become a part of USA popular culture thanks to its racy advertising. "The American Apparel brand will be a strong complementary addition to our growing brand portfolio ", Glenn Chamandy, Gildan's president and chief executive, sa... [Full Article...]

How much it costs to raise a child per year

How much it costs to raise a child per year That New Year's resolution to save more money will definitely come in handy if you're expecting a baby. The USDA explains that this is an average cost analysis for middle-income families with married parents. Much of the regional variation in expenses was related to housing. The total takes into account expenses including food, housing, transportation, health care, clothing, child care and e... [Full Article...]

Aldi denies rumour of falling Christmas sales

The retailer's like-for-like sales were up 2.9% in the nine weeks to January 1, compared with the same period in 2015. Aldi, along with fellow German discounter Lidl, has won United Kingdom market share from bigger rivals Tesco, Sainsbury's , Asda and Morrisons but saw slower sales growth through 2016 as Britain's major supermarkets cut their prices and generally raised their game. [Full Article...]

China's inflation rebounds 2% year-on-year in 2016

It was the fastest annual increase seen since September 2011. It was expected to increase by 2.3%, unchanged from the pace reported in November. The yield on the benchmark 10-year bonds which moves inversely to its price moved lower by more than 2bps to 3.18 pct and the yield on the 2-year bonds ticked down over 1bp to 2.82 percent by 07:00 GMT . [Full Article...]

Tech Giant-Fuelled Nasdaq Gains Masking Underlying Vulnerability in US Equities?

Dow e-minis were down 21 points, or 0.11 percent, with 12,708 contracts changing hands. Gold was up 0.1 per cent in the spot market to US$1,182.67 an ounce with demand forecast to rise ahead of Chinese New Year. US stocks ended mixed Tuesday, with the Nasdaq Composite Index closing at a record high for four consecutive sessions, as investors awaited the start of earnings season. [Full Article...]

The Servision Plc's (SEV) Speculative Buy Rating Reaffirm at the Beaufort Securities

The latest broker reports which are now outstanding on Monday 9th of January state 4 analysts have a rating of "strong buy", 2 analysts "buy", 22 analysts "neutral", 1 analysts "sell" and 2 analysts "strong sell". AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The company also recently disclosed a dividend, which will be paid on Friday, January 27th. [Full Article...]

Analyst Buzz: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

Analyst Buzz: Valeant Pharmaceuticals International, Inc. (NYSE:VRX) Investors will be taking close notice. Still, now might be the time for speculative investors to get into Valeant, before those gains are fully realized. Beyond that there are other products under the Valeant umbrella, including Jublia for treatment of toenail fungus. "Some good news finally", Evercore analyst Umer Raffat headlined his note on the sales, saying the reduced revenue would mostly b... [Full Article...]

Yahoo CEO Marissa Mayer to leave board

Now part of the company is getting an obscure new name: Altaba . The takeover deal was agreed in July, with Verizon purchasing Yahoo's core Internet businesses, which include its email service, sports verticals and various apps. It's very possible (and likely) that Verizon will reuse the Yahoo brand in the divisions of the company it now owns. The Yahoo-Verizon deal has been in danger of ... [Full Article...]

SoftBank's Son Cedes to Murdoch as Top India Home Portals Merge

SoftBank's Son Cedes to Murdoch as Top India Home Portals Merge PropTiger is also clearly not an emerging market hopeful when you consider it could be valued at around $460 million using what REA Group just paid for its stake in the business as a valuation guide. Commenting on the partnership, PropTiger's co-founder Dhruv Agarwala stated, "We are excited to join hands with Housing.com". In 2015, there were rumors that Quikr can acquire Housing.com, whic... [Full Article...]

Uber's Movement dumps data on city planners

Uber has been in existence for six years now and after looking at the data it has gathered over these years, the company chose to get its product team work on something for public benefit using the data. But the trip data is so generalized that it really just shows overall traffic trends, something that DC probably analyzed using its own data, or data from more forthcoming transportation apps like... [Full Article...]

The Limited is closing all stores this weekend

The Limited is closing all stores this weekend CEO Diane Ellis and Chief Financial Officer John Buell both left late a year ago. "Diane Ellis, his predecessor as Limited's CEO, left the company in early November". "We have worked very hard and made significant investments over nine years to improve operations and create a sustainable business at The Limited", Sun Capital told Reuters in an emailed statement. [Full Article...]

Demonetisation's latest mess - petrol pumps refuse to accept card payments

The decision by the banks to defer the fee came after prodding from the Union Oil Minister Dharmendra Pradhan during discussions among bankers, dealers and representatives of state-run fuel retailers. Also, there are disputes about purchases being returned or not delivered. This will lead to financial loses for the dealers. On Sunday evening after meeting with gas station owners Ajay Bansal said... [Full Article...]

BJP leader Sakshi Maharaj indirectly blames Muslims for population boom in India

BJP leader Sakshi Maharaj indirectly blames Muslims for population boom in India Coming under Opposition fire, the BJP commented that "the party had nothing to do with the views expressed by the leader". He also said that Hindus were not having enough children." Hindu ghataa aur desh bataa ", he said. Elections can not be won by creating a stressful environment", Senior Samajwadi Party leader Naresh Agarwal told ANI . Noting that Maharajs comments were first such remark... [Full Article...]

BJP national executive gets under way

Hailing the government's action of conducting surgical strikes across the Line of Control, Javdekar said, "Shah defined the surgical strikes as a historic and bold move under the leadership of Prime Minister Narendra Modi". He added that poor people want basic amenities in their lives and their happiness when a lamp post is set up outside their homes will far outshine the happiness of those elated... [Full Article...]

UP Assembly Elections 2017: BSP announces second list of 100 more candidates

UP Assembly Elections 2017: BSP announces second list of 100 more candidates The party has declared nominees for 300 of the 403 assembly seats so far. Mayawati directed party leaders and candidates to highlight the harassment of common people due to demonetisation, the family feud in the Samajwadi Party and desperation among Congress leaders for a pre-poll alliance during the election campaign. [Full Article...]


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