Business

Mayor proposes tax hike on wealthy for the MTA

Mayor proposes tax hike on wealthy for the MTA De Blasio plans to announce the proposal Monday. Combined with a 2017 federal income tax rate of 39.6 percent, married couples in New York City with incomes in excess of $1 million already pay a combined income tax rate of 50.35 percent, with those over $2 million at almost 53 percent. [Full Article...]

Marijuana Company Buys California Ghost Town, Eyeing a Green Rush

Marijuana Company Buys California Ghost Town, Eyeing a Green Rush American Green says it plans to expand a farm in Nipton and bottle and sell cannabis-infused water from Nipton's aquifer. The American Green Corporation has committed to purchasing the town of Nipton, California , for $ 5 million , and will acquire - alongside the right to lay down the local law - several small structures, including a hotel, a school, hot mineral springs and a general store, ... [Full Article...]

Pharma Bro Martin Shkreli Found Guilty Of Fraud

Pharma Bro Martin Shkreli Found Guilty Of Fraud The split verdict reportedly confused Shkreli who looked over at his lawyer Marc Agnifilo each time a "not guilty" then a "guilty" verdict was read out by Judge Kiyo Matsumoto. No sentencing date has been set, and Brafman is considering an appeal. He also emphasised that none of Shkreli's investors lost money, a rarity in a securities fraud case. [Full Article...]

ADP Says Activist Investor William Ackman Seeks a Shake-Up

ADP Says Activist Investor William Ackman Seeks a Shake-Up While ADP says it is "open" to discussions with shareholders, it is unimpressed with Ackman's demands. The payroll company said it declined to extend the deadline. Ackman has also told ADP that he will meet the August 10 deadline if the company refuses to extend it, according to people familiar with the matter who requested anonymity to discuss private talks. [Full Article...]

Teva lowers guidance and share price plunges

Teva lowers guidance and share price plunges Teva Pharmaceutical Industries Limited's average Book Value per Share Growth Rate was 2 percent during the past 12 months. Guggenheim Capital LLC increased its position in Teva Pharmaceutical Industries by 1.1% in the fourth quarter. It cut its full-year revenue expectations to $22.8 billion-$23.2 billion, from $23.8 billion-$24.5 billion. Currently Teva Pharmaceutical Industries Limited (TEVA... [Full Article...]

Here's your full preview of the upcoming jobs report

Here's your full preview of the upcoming jobs report The labor force participation rate , a measure of all the workers who could be working that either are working or looking for work, rose to 62.9% in July from 62.8% in June. Wages have been of more concern to workers, with stagnation prevailing for several years until about 18 months ago, when wage growth has edged slightly ahead of inflation. [Full Article...]

Toyota, Mazda plan to invest $1.6 billion to build US Plant

Toyota, Mazda plan to invest $1.6 billion to build US Plant The two have also agreed to join forces to develop electric auto technology. Earlier in the year, Trump - who had campaigned for the White House on promises to increase manufacturing and expand employment for American workers - criticised Toyota's plan to manufacture its Corolla model at a new $1bn plant now under construction in Mexico. [Full Article...]

Pound falls as Bank holds rates and cuts forecasts

Pound falls as Bank holds rates and cuts forecasts But markets focused on the Bank's downward revision of its 2017 growth forecasts, to 1.7 percent from 1.9 percent in May, as well as its unexpected lowering of its inflation projections, which it now saw at just under 2.6 percent in a year's time after peaking at around 3 percent in October. [Full Article...]

Dramatic Changes In Canadian Families And Languages

Dramatic Changes In Canadian Families And Languages Statistics Canada has released information from the 2016 Census regarding households and marital status. With 2017 marking Canada's 150 birthday, Statistics Canada is highlighting how Canadians' lives at home have evolved since Confederation. [Full Article...]

Planes built for bankrupt Russian airlines could be new Air Force Ones

Planes built for bankrupt Russian airlines could be new Air Force Ones The two aircraft were initially ordered four years ago by Transaero , a Russian airline that went bankrupt in 2015, a person familiar with the talks told Reuters. Defense One reported on August 1 that the Air Force and Boeing are negotiating over two 747-8s being stored at Southern California Logistics Airport in Victorville, California. [Full Article...]

Apple stock pops 6% on optimism for iPhone 8 sales

Apple stock pops 6% on optimism for iPhone 8 sales Apple's September-quarter sales forecast implies that the company will not be late with the iPhone 8 launch, as has been rumored, RBC Capital Markets analyst Amit Daryanani said in a report titled "What iPhone Delay?" "We're very excited about the advances in iOS , macOS, watchOS and tvOS coming this fall ", the successor to Steve Jobs stated. [Full Article...]

RBI announces 25 base point cut in repo rate

RBI announces 25 base point cut in repo rate The RBI is also expected to trim the reverse repo rate by an equal measure to 5.75 percent. The industry in general and the Union Ministry of Finance had been critical of RBI for not cutting the repo rate in its last two monetary policies. [Full Article...]

Rupee extends gain as RBI cuts repo rate

Rupee extends gain as RBI cuts repo rate The bank's previous decision to cut rates came a month before Prime Minister Narendra Modi removed all large-denomination banknotes from circulation, in a shock move to tackle corruption and tax evasion. India Inc was expecting a steeper rate cut from the Reserve Bank today to spur investment and growth. The rupee also gave up earlier gains to trade at around 63.80 per dollar, close to its level... [Full Article...]

Dow Approaches 22000, Closes at Record High

Dow Approaches 22000, Closes at Record High The 30-component Dow industrials hit the latest in a string of all-time highs on Tuesday finishing at a record and was powered on Wednesday by a rally in shares of Apple , which hit its own record at the open following better-than-expected results late-Tuesday. [Full Article...]

Teenager exits plane via emergency door and slides down wing

Teenager exits plane via emergency door and slides down wing Other passengers said he seemed anxious and fidgety during the flight and that he acted very quickly, making it hard for anyone to stop him. "We just landed and then I hear some people scream ... The American Airlines flight 5242 was preparing for takeoff from the terminal at Charlotte Douglas International Airport. Airport spokesman Doug Yakel says a construction crew working nearby confronte... [Full Article...]

General Mtrs Co (GM) Shareholder Natixis Increased Its Stake by $35.59 Million

General Mtrs Co (GM) Shareholder Natixis Increased Its Stake by $35.59 Million Geode Capital Management LLC raised its position in shares of General Motors by 9.9% in the first quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer's stock valued at $230,000 after buying an additional 115 shares during the period. [Full Article...]

Bitcoin has split in two, so you can have double the cryptocurrency

Bitcoin has split in two, so you can have double the cryptocurrency Amidst the calm, the Bitcoin world assuming that chaos had been averted, announced plans to launch Bitcoin Cash on 1 August, those proposing Bitcoin Cash claiming that the SegWit2x protocol did not guarantee a doubling of the Bitcoin block size upon the splitting of the information held within each transaction. [Full Article...]

Sprint's trick to making money: A year of free of service

Sprint's trick to making money: A year of free of service For as much effort as Sprint has put into its turnaround plans, they still haven't been enough, forcing Claure to look at a variety of options that will buy the company time to keep working on its rebound. Sprint, in a statement released to investors , reported net income of $206 million in the first quarter of 2017, along with operating income of $1.2 billion and an adjusted EBITDA of $2.9 billi... [Full Article...]

Mainstream Model 3 Could Make or Break

Mainstream Model 3 Could Make or Break But he explained that adding more versions now would push the brand "deeper in hell" - suggesting it would delay the Performance's launch until output was comfortably meeting demand, AutoCar said. Musk said more than 500,000 people have put down a $1,000 deposit for the auto. Tesla has raised capital to help production and ease the financial risk associated with the production run. [Full Article...]

British Gas to increase electricity prices by 12.5% next month

British Gas to increase electricity prices by 12.5% next month Policy costs add around 13 per cent to the cost of the average dual fuel bill , paying for the rollout of renewables such as solar and wind, providing a discount for pensioners and funding insulation measures. Mark Hodges, the chief executive of Centrica's consumer business, said the company has made a number of proposals to the government and to regulator Ofgem , including phasing out the stand... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105  Next »