Monday, 15 October 2018
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New US Tax Law Brings Warren Buffett A Nice Cheque: $29 Billion

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For its part, Buffett said Berkshire is sitting on $116 billion of low-yielding cash and government bonds - whose average maturity was 88 days as of year-end 2017. The company's often-impressive pace of acquisitions had slowed previous year, he noted, when the prices asked for businesses 'hit an all-time high, ' amid what he called 'a purchasing frenzy'. Read More »

More US Companies End Marketing Programs With National Rifle Association

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In a letter sent to Scott on Saturday, Rep. Bill Hager cited the resignation of a school resource officer who didn't enter the freshman building at Marjory Stoneman Douglas High School when the shooting started on February 14. Spitzer noted that it was not the first time big business has been pulled into the gun debate. Police say a former student killed 17 people with a legally purchased semiautomatic rifle, one of at least 10 guns he owned. Read More »

Service returning to BB&T after overnight outage

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Officials say at this time, automated Phone24 service and ATMs are now available, but some account information has not yet been fully updated from yesterday. We thank our clients for their patience and we will continue to provide updates here and on BB&T's Facebook and Twitter pages. BB&T is restoring some of the services it lost after what it calls an equipment malfunction. Read More »

Oil Surges on Bullish US Inventory Data

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Oil prices were up Friday morning in Asia, boosted by an unexpected decline in US crude inventories. "The market's been concerned about US production ramping, so as long as you still have these healthy inventory reports, it helps ease some of the fears". Read More »

Standard Life Aberdeen insurance arm sold to Phoenix in £3.25bn deal

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Standard Life Aberdeen is selling its insurance business to UK-based insurance services provider Phoenix Group for a total consideration of £3.24 billion. In a statement, Standard Life Abderdeen said: "While the long-term savings market in the United Kingdom is supported by attractive structural growth trends, the board believes that Standard Life Aberdeen can best capture the benefits of these growth dynamics through Aberdeen Standard Investments and its retail platforms". Read More »

Frankfurt match delayed by tennis ball protest

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The game was the first of five Monday fixtures to be scheduled this season, a development which has invited fierce criticism from fan groups across Germany. Fans resumed their whistle-protest once the celebrations died down. Leipzig were awarded a penalty four minutes later after Rebic fouled Marcel Sabitzer but the referee changed his mind after a VAR review as Sabitzer had been offside. Read More »

Pennsylvania Supreme Court issues new congressional map, which could benefit Dems

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Incumbent, but retiring, Lou Barletta's now in the 9th Congressional District and it's moved closer to northeastern Pennsylvania. The state Supreme Court approved the map on a 4-3 vote by its self-imposed Monday deadline. "We anticipate further action in federal court ", House Speaker Mike Turzai and Senate President Pro Tem Joe Scarnati said in a joint statement. However it happens, this needs to get resolved quickly or, as Baer pointed out, "We face more bickering, more litigation, a ... Read More »

Wal-Mart's Stock Plunges On Slower E-Commerce Growth In Q4

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Moffett Nathanson began coverage on shares of Wal-Mart Stores in a report on Monday, December 4th. On Tuesday, January 12 the stock rating was upgraded by Citigroup to "Neutral". Bartlett And Communications Limited Liability Company has invested 0.02% in Walmart Inc . The disclosure for this sale can be found here. Insiders own 51.39% of the company's stock. Read More »

The Ferrari 488 Pista Gets The Most Powerful V8 Ever

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This is the new Ferrari 488 Pista , a race-car-influenced version of the standard 488 GTB that becomes the most powerful V8-engined Ferrari in the company's history. The Pista will make a compelling case as a weekend track auto, crammed as it is with tech taken from the competition. Of course Ferrari's latest electronic go-fast goodies are also included with specially adapted Side-Slip Angle Control systems (SSC), limited slip differentials (E-Diff3) and adjustable magnetorheological ... Read More »

Elon Musk gets permit to work on hyperloop in DC

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To advance his hyperloop efforts, Musk created the Boring Company , a tunneling company designed to build a vast network of high-speed transit tunnels underneath our current infrastructure. It's reported that tunneling has not begun, and more permits are still needed. If some people doubt Musk's lofty ambitions, he certainly has made big ideas a reality before. Read More »

Grocery retailer to buy Rite Aid drugstore chain

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It increased, as 57 investors sold RAD shares while 77 reduced holdings. Lincoln Natl Corp owns 19,283 shares or 0% of their USA portfolio. Kistler holds 50,300 shares. Css Ltd Co Il holds 0.15% or 1.56 million shares in its portfolio. Amalgamated National Bank & Trust owns 194,191 shares. Analyst's ratings determines the future of any company. Read More »

Bitcoin Crosses $11000 Mark For The First Time Since January 2018

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The news of the massive purchase added momentum to a bull run in bitcoin that started when bitcoin bottomed out at $6,363.97 on February 5. At the time of writing, the total market cap is worth more than $501 billion. Jung Ki-joon, a South Korean official who led the policy-making for the country's cryptocurrency market, was found dead at home on Sunday, The Wall Street Journal first reported . Read More »

Share of Canadian female athletes hits Winter Olympics high

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Netherlands and Canada have 13 medals a piece, while the United States rounds out the top five with eight overall medals - five gold , one medal and two bronze . Ulsrud's squad -which garnered attention in the 2010 and 2014 Olympics because of a unique fashion choice - returns to the Olympic sheet with an outside chance to bring home a medal. Read More »

Hundreds participate in Oshkosh Polar Plunge

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For 6 years Bryan Hammond and Billy Blundell have made the plunge with a group of vigo county educators. So far $1,717,386 have been raised for Special Olympics Minnesota this season. "I heard the water is only 30 degrees", spectator Max Symmonds said. The jumpers were split into several groups in order to keep the event running smoothly, with the first group starting to jump at 11 a.m. Read More »

Uber CEO sees commercialisation of flying taxis in 5-10 years

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Japan's taxi market can become more efficient, even though its services are already of a high quality, he said at an event with former USA ambassador to Japan John Roos. Sony is planning to launch a smart ride-hailing service in its home country, Japan, leveraging artificial intelligence to handle demand and ensure proper operations. Read More »

East Queensland storms: more wild weather as 50000 without power

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RACQ spokesperson Kirsty Clinton said more than 100 members had already submitted claims for damage (at 9.30am Monday) but she expected that number to rise. The man was in the shower when lightning struck nearby, and suffered leg pains when electrocuted, but was conscious and breathing. He was taken to hospital with non-life threatening injuries. Read More »

Kraft Heinz plunges after weak results boost pressure to do deal

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Ropes Wealth Advisors LLC boosted its position in shares of Kraft Heinz by 0.4% during the second quarter. The volume of the company in the last trading session was 3.49 Million. Revenue came in at $6.88 billion last quarter, while analysts had estimated $6.91 billion on average. During the same quarter last year, the business posted $0.08 EPS. Read More »

Nirav Modi's passport, bank accounts frozen

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Instead of explaining how it happened during their period, they are casting allegations. Nirav Modi has become the latest Indian scamster to escape from the country before he could be booked for his crimes. "If the investigation process says it is our liability, then we will accept it", PNB's managing director and chief executive officer Sunil Mehta said at a press conference on Thursday. Read More »

UPDATE: Dow, S&P 500 book slight gains, mark 6th straight advance

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Higher bond yields boosted bank shares, with JPMorgan Chase, Goldman Sachs and Bank of America all winning more than two per cent. The Dow Jones industrial average climbed 39 points, or 0.2 percent, to 25,242. The University of Michigan also released a report unexpectedly showing a significant improvement in consumer sentiment in the month of February. But even factoring these out, core inflation picked up from 0.2% in December to a higher-than expected 0.3% in January. Read More »

Angela Merkel says Germany 'deplores' Brexit

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Recently, German Government's spokesman, Steffen Seibert, referred to the importance of London's outline of its ideas on its future relationship with the EU. "However, if the priority in the negotiations becomes avoiding any kind of new co-operation with a country outside the European Union, then this political doctrine and ideology will have damaging real world consequences for the security of all our people, in the United Kingdom and the European Union", she will say. Read More »

Punjab National Bank shares slump for 3rd day, hit 52-week low

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Modi , who has been given six months to return the money, is under the scanner of Enforcement Directorate (ED) and CBI ever since his connection in PNB fraud case was revealed. The fraud amounts to almost a third of Punjab National Bank's (PNB) market value, and 50 times its profits for the last quarter of 2017. No wonder then that the Finance Ministry is insistent on structural reforms at public sector banks for more stringent approval of large loans, before it recapitalises them with ... Read More »

Sky retains bulk of £4.46bn Premier League TV rights

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Two packages of 20 games each (details below - Packages F and G) are still to be confirmed. BT Sport have paid £295m per season for 32 live games, with two 20-match packages still to be handed out - meaning 200 out of 380 games will be shown each season. Read More »

Former MLB pitcher Esteban Loaiza enters not guilty plea in drug case

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The 46-year-old retired Major League Baseball player is scheduled to appear in court in Chula Vista, California, on Wednesday. Sheriff's deputies seized the cocaine Friday at an Imperial Beach home Loaiza leased. It was not immediately known if Loaiza has hired a lawyer. Born in Tijuana, the Mexican city across the border from San Diego, Loaiza became a celebrity in his native country after marrying the late Mexican-American singer Jenni Rivera . Read More »

Federal government won't let BC delay Trans Mountain pipeline expansion

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This is much bigger than Alberta though - therefore much, much bigger than Strathcona County, which will benefit from the line build, as well. The Trans-Mountain Pipeline project has already received approval from the Justin Trudeau Liberal government, further frustrating Morris on the timing of Horgan's comments saying he planned to consult more about the project through BC and look at the possibility of putting a cap on the amount of bitumen the pipeline can carry to Vancouver via the Oil ... Read More »

Woman Doesn't Trust Security Staff With Purse So She Enters X-Ray Machine

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The security staff at the station were shocked to see the silhouette of a woman that they noticed on the X-ray screen, according to a DailyMail report. An obviously bewildered staff wasn't really clear on the valuables the bag contained that made the woman do something so unwonted, but the assumption is that it probably had a lot of cash, given out as a tradition in Chinese New Year. Read More »

Airline Cancels 220 Flights After Running Low on De-Icer

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Southwest Airlines resumed operations in Chicago on Monday after the day before. "We will continue to work with our customers on their travel plans and apologize for any inconvenience the disruption in service has caused". The Chicago Department of Aviation's website Sunday showed cancellations of all Southwest flights leaving Midway. The day after Christmas, the airline cancelled nearly 90 flights because of delays over de-icing aircraft. Read More »

Credit Suisse Rallies as Thiam Rides Return of Volatility

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Thiam on Wednesday cautioned that the violent swings of the past weeks had a negative impact on the advisory business, because clients prefer calmer market to issue stocks or bonds. Too much of it and clients could become averse to trading risks or hold off on new listings. Swiss banking giant Credit Suisse Group AG reported Wednesday that its net loss attributable to shareholders for the fourth quarter of 2017 narrowed to CHF2.13 billion or CHF0.83 per share from CHF2.62 billion or ... Read More »

GBP Rallies On Upbeat Inflation Data

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Pearce expects core inflation will reach almost 2.5 percent in the spring and keep rising. "Ind-Ra concurs with the RBI view that inflation outlook is clouded by several uncertainties on the upside which include fixing of minimum support prices (MSPs) for agricultural crop at 1.5x of production cost, increase in customs duty on a number of items, fiscal slippage etc", Mr Sinha added. Read More »