Markets


Twitter co-founder Biz Stone to rejoin firm Twitter co-founder Biz Stone to rejoin firm
- May 17, 2017

In March, visual bookmarking site Pinterest said that it was acquiring Stone's company for an undisclosed amount. He is returning to the Twitter at a critical time-investors are unenthusiastic investing in the company's stock due to its stalling user growth. (more...)
Rue21 Files For Bankruptcy As Retail Woes Drag On Rue21 Files For Bankruptcy As Retail Woes Drag On
- May 17, 2017

Struggling teen apparel retailer Rue21, which already had announced it would close its stores at Valle Vista Mall, Sunrise Mall in Brownsville and at the Rio Grande Premium Outlets in Mercedes, filed for bankruptcy late Monday. Last month, rue21 began the process of closing approximately 400 underperforming stores in its 1,179 store fleet, and the Company may evaluate additional store closings as it continues to manage its real estate lease portfolio. (more...)
Bank of England's Carney likely to stress virtue of patience
- May 17, 2017

In October past year, the Bank of England warned that life would turn hard for Britain's most vulnerable, as inflation was expected to rise due to a slump in the pound following the vote to exit the EU. 'Wage growth, which has been notably lacklustre of late, is seen picking up sharply next year. 'The pay squeeze we're now experiencing is set to continue throughout the year, resulting in a renewed phase of living standards stagnation over the coming years'. (more...)
European Union new vehicle registrations drop 6.6% in April European Union new vehicle registrations drop 6.6% in April
- May 17, 2017

Led by double-digit decline in the United Kingdom market, the number of new passenger cars registered in the European Union dropped ‐6.6% to 1,191,034 units in April 2017; attributed to the result of Easter falling in April this year. Economic confidence in countries using the euro was the strongest in nearly a decade in April, signaling more consumer spending in coming months. Among the large markets, only Spain saw sales rise, posting a 1.1 per cent gain, while deliveries in France and ... (more...)
Cyber warning to South Africans after global attack
- May 17, 2017

Users should also look for malicious email messages that often masquerade as emails from companies or people you regularly interact with online. President Donald Trump reportedly met with top security officials over the weekend to discuss the attack. (more...)
Microsoft's President Reflects On Cyberattack, Helping Pirates And The NSA
- May 17, 2017

It used to be that the backup device would remain connected to the computer. But the profits criminals can make through ransomware and other malicious code ensure the problem will never vanish. In 2014, Microsoft ended support for the highly popular Windows XP, released in 2001 and engineered beginning in the late 1990s, arguing that the software was out of date and wasn't built with modern security safeguards. (more...)
22 million WannaCry ransomware attack attempts blocked by Symantec 22 million WannaCry ransomware attack attempts blocked by Symantec
- May 17, 2017

If a more recent version of Windows is running on the computer and it stays up-to-date, it should not be vulnerable to the current attack or WannaCry. The vulnerability was first discovered by America's National Security Agency (NSA). A group of hackers known as the Shadow Brokers said earlier this year that the NSA had tools for breaching the global system that allows for the transfer of money between banks. (more...)
Park National Corp OH Lowers Position in Wal-Mart Stores Inc (WMT) Park National Corp OH Lowers Position in Wal-Mart Stores Inc (WMT)
- May 17, 2017

The institutional investor owned 1,960 shares of the retailer's stock after buying an additional 820 shares during the period. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $476,044,833.20. Wal-Mart Stores Inc. ( WMT ) has an Average Brokerage Recommendation (ABR) of 2.36, according to data compiled by Zacks Investment Research . If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States and ... (more...)
Vale SA (ADR) (NYSE:VALE), Freeport-McMoRan Inc (NYSE:FCX) Vale SA (ADR) (NYSE:VALE), Freeport-McMoRan Inc (NYSE:FCX)
- May 17, 2017

Virginia Retirement Systems ET AL boosted its position in shares of Freeport-McMoRan by 8.8% in the third quarter. Now the shares of Freeport-McMoRan Inc. The third largest holder is Icahn Carl C, which now holds $1.05 billion worth of this stock and that ownership represents almost 6.09% of its market capitalization. (more...)
Antonio Conte chasing Premier League win record v Sunderland
- May 17, 2017

Terry made his first Premier League start since September 11 at Swansea, having initially lost his place due to injury before Chelsea grew from dysfunctional unit last season to champions this term. "At the moment I have 13 or 14 players who deserve to play the FA Cup final who are in very good form". Conte added: "This is the right final for John". (more...)
Amtrak engineer in deadly 2015 crash charged with involuntary manslaughter
- May 17, 2017

Lawyer Thomas R. Kline, who represent Jacob's family, had issued a lawsuit on the victims' family's behalf said the charges wouldn't have happened "had a courageous family, the Jacobs family, not stood up against the decision of a local prosecutor not to press charges". (more...)
System outage leaves Starbucks unable to take payments, customers report System outage leaves Starbucks unable to take payments, customers report
- May 17, 2017

Starbucks spokesman Reggie Borges said the chain was not compromised by a cyberattack. Large parts of the United States and Canada are being afflicted by a coffee shortage as a result of a crash to Starbucks's computer systems. A rep for Starbucks tells Consumerist that an overnight technology update to store registers in the US and Canada left a "limited" (but unspecified) number of locations offline Tuesday. (more...)
Bank of England says rates may need to rise before late 2019
- May 17, 2017

While growth slowed to 0.3 percent in the first quarter, the weakest in a year, the bank expects the figure to be revised up to 0.4 percent. Speaking at a press conference following the announcement, Carney said the Bank was "tolerating" an overshoot in inflation now as it was the result of the exchange rate adjusting ahead of Brexit negotiations. (more...)
Confederate monuments: Virginia mayor condemns 'KKK-style' rally
- May 17, 2017

Richard Spencer, alt-right mouthpiece and Youtube celebrity, led a torchlight rally at the beleaguered Robert E. Lee statue in Lee Park, Charlottesville. A former Virginia chairman of President Donald Trump's campaign a year ago who has adopted a tough-talking, Trump-esque style to his gubernatorial run, Stewart has sought to elevate the controversy over Charlottesville's Lee statue as a statewide issue. (more...)
Oil stable on expectations of extended OPEC-led production cut
- May 17, 2017

Energy ministers from the two countries said supply cuts should be extended for nine months, until March 2018. Brent crude futures, the worldwide benchmark for oil prices, were at $50.86 per barrel at 0125 GMT (9:25 p.m. The US has also refused to cut production and its own output has increased by about 10% since past year. The dollar index remained on the defensive in early Europe with a test of 6-month lows just below 98.50 for the trade-weighted index and a weaker dollar provided net ... (more...)
Penguins even series with 1-0 win on Kessel's goal
- May 17, 2017

They're at home again Monday night, and the loss could prove to be a nice wake-up call that the second round is over and there's another hurdle to clear before a shot at repeating as Stanley Cup champions becomes reality. But for a backup goalie who was just OK during the regular season, you have to wonder if Fleury is coming back down to earth. "It's just a matter of execution". (more...)
Russia: US prohibited from flying over Syrian 'de-escalation zones'
- May 17, 2017

He said "security belts" will be created along the borders of the de-escalation zones to prevent skirmishes between opposing sides. The monitoring group Syrian Observatory for Human Rights said there were no reports of violations in the first minutes past midnight. (more...)
Trump talk with Russians 'wholly appropriate,' adviser says Trump talk with Russians 'wholly appropriate,' adviser says
- May 17, 2017

McMaster said at a White House press conference Tuesday. The Washington Post reported on Monday that Trump revealed to Russia's foreign minister and US ambassador highly classified details from a USA intelligence partner about an Islamic State plot. (more...)
Sasse: Some Reports 'Overheated' on Trump Sharing Classified Info With Russians Sasse: Some Reports 'Overheated' on Trump Sharing Classified Info With Russians
- May 17, 2017

The Washington Post had reported that Trump revealed highly classified information on the Islamic State group during a meeting last week with Russian Foreign Minister Sergei Lavrov and Moscow's man in Washington Sergey Kislyak . Trump raised the possibility that these audio recordings exist, and then he and his White House refused comment. Rep. Adam Schiff, D-Calif., the top Democrat on the House Intelligence Committee, said Trump is missing the point when he cites the right to discuss ... (more...)
Trump defends right to share facts about war on terror with Russian Federation Trump defends right to share facts about war on terror with Russian Federation
- May 17, 2017

Mr Trump said he shared the information for "Humanitarian reasons, plus I want Russian Federation to greatly step up their fight against ISIS & terrorism". He also has stops planned in Israel and the Vatican. "At no time - at no time - were intelligence sources or methods discussed, and the president did not disclose any military operations that were not already publicly known", General McMaster said. (more...)

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