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Marijuana company buys entire town in California, United States


Nipton, CA (population 20), located on the border of California and Nevada, is a remnant of the California Gold Rush. American Green said it will take control of all 80 acres of Nipton, which includes an Old West-style hotel, a handful of houses, a caravan park and a coffee shop. Read More »

SysGroup PLC (LON:SYS) Insider Purchases 15081 Shares of Stock


The rating was maintained by Deutsche Bank on Thursday, May 5 with "Hold". As per Monday, January 16, the company rating was maintained by Barclays Capital. Centamin plc is a mineral exploration, development and mining company. The company has market cap of $12.38 billion. The Firm is engaged in the business of residential mortgages, savings and credit cards. Read More »

Analyst Research and Recommendations: Glaukos Corporation (GKOS), Teva Pharmaceutical Industries Limited (TEVA)


Henderson Group Plc who had been investing in Teva Pharmaceutical Inds Ltd for a number of months, seems to be bullish on the $24.10B market cap company. Sales, however, increased 13% year over year, mainly due to the inclusion of Actavis revenues. At the moment 26 analysts are watching Teva Pharmaceutical Industries Limited (NASDAQ: TEVA ), 4 rate it "Buy", 6 "Outperform", 16 "Underperform", 0 "Sell", while 0 "Hold". Read More »

'Pharma Bro' Martin Shkreli convicted of fraud


Prosecutors said Shkreli eventually paid investors back with stock or cash from Retrophin by having them sign settlement or consulting agreements with the company. The federal trial "exposed Martin Shkreli for who he is really is - a con man who stole millions", said another prosecutor, Jacquelyn Kasulis. Shkreli's price hike of Daraprim two years ago triggered waves of online outrage and greatly raised his public profile. Read More »

Jobs gains beat expectations in July


The unemployment rate edged down to 4.3 percent in July from 4.4 percent in June. The number of people not in the labor force declined slightly, from 94.81 million in June to 94.66 million in July. Kolko continued: "These wage gains for people with less education are especially welcome, both to reverse some of the increase in inequality that has contributed to political and social polarization, and also because those with lower incomes are more likely to spend wage gains than the rich, ... Read More »

Toyota and Mazda to jointly build a $1.6 Billion US Assembly Plant


President Donald Trump had criticized Toyota and other automakers for taking auto production and jobs to Mexico, saying vehicles for the US market should be built by USA workers. The investment deal is expected to be final by October, the companies said. With growing competition from tech giants in the auto industry like Alphabet's Waymo, Apple , and Amazon, traditional automakers are now turning to commodities. Read More »

Bank of England expected to keep interest rates at 0.25%


Michael Saunders and Ian McCafferty were the only members of the monetary policy committee (MPC) to vote for rise in interest rates from their current 0.25% level. We do not expect a rate increase especially as Kirstin Forbes who was one of the three members who voted for a rate increase last time is longer a member of the MPC. Read More »

Census reveals that young adults are living with their parents longer


The average Grande Prairie household has 2.6 people in it and the average family consists of three people, which is also the provincial average. The implications for Canadian society is enormous, said demographers at Statistics Canada, which said effects will be felt society-wide, including on "the housing market, on caregiving and care receiving and on intergenerational relationships". Read More »

India's Central Bank Cuts Key Lending Rate


Following the announcement, the policy repo rate- the rate at which RBI lends to banks-stands reduced to 6.0% from 6.25%, the lowest since November 2010. The central bank cut the policy rate by 25 basis points to 6%, adjusting the rates on its other liquidity operations by the same amount. The government had been pitching for a rate cut to boost economic growth amid retail inflation falling to a historic low of 1.54 per cent in June. Read More »

India Central Bank Cuts Rate By 25 Bps


The rupee rose to as much as 63.59 per dollar, its strongest level since July 22, 2015, from its close of 64.0750 on Tuesday. The rate cut will likely ease some of the pressure from the government and markets for action to lift the economy, which had annual growth in January-March of 6.1 percent - fast by global standards but India's lowest number in over two years. Read More »

TSX inches higher as Dow Jones hits 22000 for first time


Weakening dollar: Many of the Dow's components have large global operations. Wall Street's record-shattering performance is a bright spot for an administration mired in legislative failure and internal turmoil. Investor euphoria after the election seemed fueled by enthusiasm for the Trump agenda of tax cuts, deregulation and infrastructure spending. Meanwhile the dollar has weakened, partly on Trump concerns and partly on the growing belief that the US Federal Reserve will not raise ... Read More »

Witness says teen opened airplane door quickly


An airport construction crew working nearby confronted the boy and held him until police arrived and arrested him. Fellow passengers said the boy appeared to be in some kind of emotional distress during the flight. "It was as if he was like flying out, like it was really fast", passenger Sophia Gibson of San Jose, California told broadcaster KNTV. And then he just starts running the other way. Read More »

British Gas owner takes £1bn profit hit as legacy assets bite


British Gas owner Centrica accidentally leaked the plans on its own website on Monday evening . Centrica, Britain's largest energy supplier and owner of household energy supplier British Gas, announced it would raise electricity tariffs from September 15 but would hold gas prices at current levels. Read More »

Elon Musk Warns of 'Manufacturing Hell' for Model 3

In 2006, three years after the company was founded, CEO Elon Musk said Tesla would eventually build "affordably priced family cars" after establishing itself with high-end vehicles like the Model S, which starts at $69,500. Tesla has already sold more than 126,000 vehicles since 2008, according to estimates by WardsAuto, so not everyone who buys a Model 3 will be eligible. Read More »

Discovery clinches $14.6bn deal to buy Scripps Network


Discovery will scoop up Scripps in a cash-and-stock deal valued at $14.6 billion, the media company announced Monday. The current share price indicates that stock is -1.74% away from its one year high and is moving 46.51% ahead of its 52-week low. Read More »

Rory McIlroy reportedly fires caddie, won't comment on situation


McIlroy revealed that it was his fellow Irishman who snapped him out of his first round mire, telling him: "You're Rory McIlroy - what the f. are you doing?" After fighting back to shoot a one-over 71 in the first round, McIlroy told reporters that Fitzgerald had done a "great job". Read More »

Sprint profitable for first time in three years


Analysts, on average, expected a net loss of 1 cent per share on revenue of $8.11 billion, according to Thomson Reuters I/B/E/S. Charter Communications Inc's shares surged to a record high on Monday after a source said Japan's SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank's US wireless carrier, Sprint Corp . Read More »

HSBC reports 5% jump in first-half profit helped by cost-cutting


The company also announced it would be buying back $2 billion in shares in the last half of the year. It completed a previously announced $1bn buyback in April. HSBC is one of a number of banks considering relocating jobs to the continent after the Brexit vote, having said that 1,000 jobs may have to move from London to Paris over the next two years depending on the outcome of negotiations. Read More »

Sensex, Nifty open flat, trading on a cautious note


The BSE auto index rose the most by 1.57 per cent, followed by metal, oil and gas and healthcare. The S&P 500 information technology dipped 0.53 per cent, with Facebook falling 1.86 per cent and Alphabet , Google's parent company, down 1.34 per cent. Read More »

Russian Federation orders U.S. to cut diplomat numbers after more sanctions imposed


Earlier on Thursday, Russia's President Vladimir Putin warned that Moscow continues to show restraint and patience for Western sanctions, but at some point, it will have to respond to arrogance. -Russian relations, which deteriorated under former President Barack Obama . Speaking on ABC's This Week, Russian Deputy Foreign Minister Sergei Ryabkov referred to a bill passed by Congress on Thursday to sanction his country as "weird and unacceptable", and said it was "the last straw". Read More »

Reince Priebus out as Trump's White House chief of staff

In what may have been the wildest week of the Trump administration so far, Chief of Staff Reince Priebus resigned and Homeland Security Secretary John Kelly has stepped up in his place. Ball, 38, previously worked in investment relations at SkyBridge Capital, the wealth management firm Scaramucci sold before taking his post at the White House. Read More »

Sprint Looking for Options to T-Mobile Merger


And under Sprint's latest proposed merger, a new publicly traded entity that combines Sprint and Charter would be controlled by the Japanese company, according to the people who spoke with the Journal . But a surge in the value of Sprint's wireless spectrum holdings persuaded executives to consider other deals, too, Bloomberg reported in April. Since that time, T-Mobile US has replaced Sprint as the nation's number three carrier based on subscribers. Read More »

Iranians: US Navy ship fired warning flares in Persian Gulf


The US warships were being monitored and tracked by the Zolfaqar flotilla's corvettes, the statement noted, saying the incident occurred only a few days after another American warship had fired shots into the air to warn an IRGC patrol vessel in the Persian Gulf. Read More »

Tesla Model 3 revealed as thousands pay to reserve new vehicle


Tesla's share price has surged 54 percent since January in anticipation of the Model 3 launch, and Tesla's pricey valuation now exceeds that of traditional rivals like General Motors and Ford Motor Co. Enhanced Autopilot costs $5K, and in the future a "full self-driving capability" will be a $3K option. It's not too late to order a new Tesla Model 3 . Read More »

Delta Air, Air France, Virgin Atlantic, China Eastern Ink Billion-Dollar Deal


Air France paid $287 million for its recently acquired Virgin Atlantic stake . Branson will remain chairman of the airline and the airline is expected to continue to fly under the Virgin brand. The joint venture with Delta and Air France/KLM also includes Alitalia , which is now taking bids in bankruptcy. "Today, I'm delighted to say that we've agreed with Air France-KLM and Delta our collective intention to form an enhanced joint venture, including Alitalia , which will be extremely ... Read More »

Starbucks to close down all Teavana locations, impacting 3300 jobs

Despite the Teavana closures, Starbucks again said it's expanding rapidly, with plans to add 240,000 jobs globally over the next five years. This is becoming a trend with Starbucks, which acquired the bakery La Boulange and began putting its baked goods in stores, later closing all of the chain's standalone stores . Read More »

Apple supplier Foxconn plans a factory in Wisconsin


But they say Foxconn could have a hard time filling all of those positions. In May of a year ago, "I will definitely beat Samsung Electronics " said Gou in front of minority shareholders. "A huge project like this will bring enormous attention from across the country and internationally that the state of Wisconsin is also in the technology sector", Murphy said. Read More »