Markets
Lyft To Start Self-Driving Car Program In Boston
- June 06, 2017
Lyft said Tuesday it is collaborating with startup NuTonomy Inc.in Boston where the two have hatched a plan to dispatch Renault Zoe cars for customer use in the coming months. The company has used a few different brands of vehicles in its testing and pilot programs. And the companies declined to say who would be responsible for expanding nuTonomy's fleet from the three cars it has in Boston to the thousands Lyft envisions could one day be on the network. (more...)
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- June 06, 2017
Lyft said Tuesday it is collaborating with startup NuTonomy Inc.in Boston where the two have hatched a plan to dispatch Renault Zoe cars for customer use in the coming months. The company has used a few different brands of vehicles in its testing and pilot programs. And the companies declined to say who would be responsible for expanding nuTonomy's fleet from the three cars it has in Boston to the thousands Lyft envisions could one day be on the network. (more...)
GM shareholders reject proposal to split stock in two
- June 06, 2017
Initial outcomes revealed over 91 percent of investors voted against Greenlight's proposition to have automaker's offer dividend and capital appreciation shares, as per GM authorities at the automaker's yearly shareholders' meeting. GM says it analyzed Greenlight's proposal and determined it risky because it would pit one class of shareholders against the other and could put the company's investment grade credit rating at risk. (more...)
- June 06, 2017
Initial outcomes revealed over 91 percent of investors voted against Greenlight's proposition to have automaker's offer dividend and capital appreciation shares, as per GM authorities at the automaker's yearly shareholders' meeting. GM says it analyzed Greenlight's proposal and determined it risky because it would pit one class of shareholders against the other and could put the company's investment grade credit rating at risk. (more...)
MPC meet: RBI may opt for status quo on rates tomorrow
- June 06, 2017
The six-member Monetary Policy Committee ( MPC ) headed by RBI Governor Urjit Patel will meet on June 6 and 7 for the Second Bi-monthly Monetary Policy Statement for 2017-18. "We now expect CPI to stay below 3% until September (with a sub-1.5% also a possibility) before moving up, but staying below 4% until December", Soumya Kanti Ghosh, chief economist of State Bank of India, said in a report. (more...)
- June 06, 2017
The six-member Monetary Policy Committee ( MPC ) headed by RBI Governor Urjit Patel will meet on June 6 and 7 for the Second Bi-monthly Monetary Policy Statement for 2017-18. "We now expect CPI to stay below 3% until September (with a sub-1.5% also a possibility) before moving up, but staying below 4% until December", Soumya Kanti Ghosh, chief economist of State Bank of India, said in a report. (more...)
Sterling slips following London terror attacks
- June 06, 2017
But that poll contrasts sharply with one by ComRes published the same day, which suggest the Conservatives still have a healthy 12 point advantage over Labour. Sterling peaked as high as $1.2951 on Tuesday against a broadly weaker dollar, its highest in 12 days, before edging back to trade up 0.1 percent on the day by 0850 GMT at $1.2923. (more...)
- June 06, 2017
But that poll contrasts sharply with one by ComRes published the same day, which suggest the Conservatives still have a healthy 12 point advantage over Labour. Sterling peaked as high as $1.2951 on Tuesday against a broadly weaker dollar, its highest in 12 days, before edging back to trade up 0.1 percent on the day by 0850 GMT at $1.2923. (more...)
Al Jazeera's Offices Shuttered in Saudi Arabia in Row With Qatar
- June 06, 2017
Qatar's foreign minister, Sheikh Mohammed bin Abdulrahman Al Thani, told CNN on Tuesday that Saudi Arabia's claims were contradictory and "full of false information". The split among the Sunni states erupted last month after Trump attended a summit of Muslim leaders in Saudi Arabia where he denounced Shi'ite Iran's "destablising interventions" in Arab lands, where Tehran is locked in a tussle with Riyadh for influence. (more...)
- June 06, 2017
Qatar's foreign minister, Sheikh Mohammed bin Abdulrahman Al Thani, told CNN on Tuesday that Saudi Arabia's claims were contradictory and "full of false information". The split among the Sunni states erupted last month after Trump attended a summit of Muslim leaders in Saudi Arabia where he denounced Shi'ite Iran's "destablising interventions" in Arab lands, where Tehran is locked in a tussle with Riyadh for influence. (more...)
Kansas' Congressional Leaders React To Trump's Plan to Privatize Air Traffic Controllers
- June 06, 2017
On Wednesday, Trump plans to visit Cincinnati, located on the Ohio River on the border with Kentucky. Bill Shuster of Pennsylvania. The White House formally endorsed the plan on Monday. Shuster, chairman of the House Transportation and Infrastructure Committee, is a proponent of what he calls separating the regulator from the service provider. (more...)
- June 06, 2017
On Wednesday, Trump plans to visit Cincinnati, located on the Ohio River on the border with Kentucky. Bill Shuster of Pennsylvania. The White House formally endorsed the plan on Monday. Shuster, chairman of the House Transportation and Infrastructure Committee, is a proponent of what he calls separating the regulator from the service provider. (more...)
Southwest Airlines offers limited-time $100 round-trip fares
- June 06, 2017
Buckingham Asset Management LLC increased its stake in shares of Southwest Airlines by 0.3% in the first quarter. Mason Street Ltd Company holds 0.11% or 84,211 shares. The rating was maintained by Liberum Capital on Monday, May 23 with "Hold". The firm has "Buy" rating by Zacks given on Thursday, September 3. The stock has "Outperform" rating by Credit Suisse on Tuesday, April 12. (more...)
- June 06, 2017
Buckingham Asset Management LLC increased its stake in shares of Southwest Airlines by 0.3% in the first quarter. Mason Street Ltd Company holds 0.11% or 84,211 shares. The rating was maintained by Liberum Capital on Monday, May 23 with "Hold". The firm has "Buy" rating by Zacks given on Thursday, September 3. The stock has "Outperform" rating by Credit Suisse on Tuesday, April 12. (more...)
White House says it won't try to block Comey's testimony
- June 06, 2017
Washington D.C. [U.S.A.], June 6: Former FBI director James Comey has told the Senate intelligence committee he would not be constrained in discussing his conversations with President Donald Trump . Trump, a career real estate developer, campaigned on rebuilding crumbling US infrastructure, a goal of President Obama's thwarted by Republicans in Congress leery of spending taxpayer dollars. (more...)
- June 06, 2017
Washington D.C. [U.S.A.], June 6: Former FBI director James Comey has told the Senate intelligence committee he would not be constrained in discussing his conversations with President Donald Trump . Trump, a career real estate developer, campaigned on rebuilding crumbling US infrastructure, a goal of President Obama's thwarted by Republicans in Congress leery of spending taxpayer dollars. (more...)
Kremlin mum on possible oil market reaction to Qatar diplomatic crisis
- June 06, 2017
In a sign of the potential consequences for the Qatari economy, a number of banks in the region began stepping back from business dealings with Qatar. He said Qatar "believes such differences between sister countries must be resolved through dialogue" and proposed holding a session to exchange views and narrow differences, while respecting each other's views, without giving details. (more...)
- June 06, 2017
In a sign of the potential consequences for the Qatari economy, a number of banks in the region began stepping back from business dealings with Qatar. He said Qatar "believes such differences between sister countries must be resolved through dialogue" and proposed holding a session to exchange views and narrow differences, while respecting each other's views, without giving details. (more...)
British Airways suffers IT outage, cancels flights
- June 06, 2017
Student Emily Wilson told the Press Association she had been advised "we are unable to get bags, and that no more flights are taking off", several hours after arriving at the airport for her flight to Stockholm. Delta Air Lines Inc cancelled hundreds of flights and delayed many others last August after an outage hit its computer systems. BA aircraft landing at Heathrow are unable to park up as outbound aircraft can not vacate the gates, which has resulted in passengers being stuck on ... (more...)
- June 06, 2017
Student Emily Wilson told the Press Association she had been advised "we are unable to get bags, and that no more flights are taking off", several hours after arriving at the airport for her flight to Stockholm. Delta Air Lines Inc cancelled hundreds of flights and delayed many others last August after an outage hit its computer systems. BA aircraft landing at Heathrow are unable to park up as outbound aircraft can not vacate the gates, which has resulted in passengers being stuck on ... (more...)
Gulf crisis could disrupt American efforts to defeat ISIS
- June 06, 2017
USA officials in multiple agencies stressed their desire to promote a reconciliation between the Saudi-led group and Qatar, a state of 2.5 million people with vast natural gas reserves. "The campaign of incitement is based on lies that had reached the level of complete fabrications", the Qatari foreign ministry said in a statement. (more...)
- June 06, 2017
USA officials in multiple agencies stressed their desire to promote a reconciliation between the Saudi-led group and Qatar, a state of 2.5 million people with vast natural gas reserves. "The campaign of incitement is based on lies that had reached the level of complete fabrications", the Qatari foreign ministry said in a statement. (more...)
Were Analysts Bearish British Land Company PLC (LON:BLND) This Week?
- June 06, 2017
Gentex Corp had 6 analyst reports since October 20, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Bank of America on Monday, February 15. The rating was maintained by Numis Securities with "Buy" on Tuesday, March 7. The firm has "Outperform" rating by Robert W. Baird given on Thursday, May 11. (more...)
- June 06, 2017
Gentex Corp had 6 analyst reports since October 20, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Bank of America on Monday, February 15. The rating was maintained by Numis Securities with "Buy" on Tuesday, March 7. The firm has "Outperform" rating by Robert W. Baird given on Thursday, May 11. (more...)
Uber, Lyft Service Comes to Long Island, Upstate NY This Month
- June 06, 2017
San Francisco and Uber are already engaged in a fight over the city's demands for drivers' names and addresses, and come at a time when Uber is beset by a host of other legal problems. "In San Francisco , almost 30% of rides take place in underserved neighbourhoods and 20% of Lyft rides begin or end at a public transit station", Lyft spokeswoman Chelsea Harrison said in a statement. (more...)
- June 06, 2017
San Francisco and Uber are already engaged in a fight over the city's demands for drivers' names and addresses, and come at a time when Uber is beset by a host of other legal problems. "In San Francisco , almost 30% of rides take place in underserved neighbourhoods and 20% of Lyft rides begin or end at a public transit station", Lyft spokeswoman Chelsea Harrison said in a statement. (more...)
What does the diplomatic row over Qatar mean for British business?
- June 06, 2017
Kuwait's state-run KUNA news agency said the emir, Sheikh Sabah al-Ahmad al-Sabah, urged Qatar's ruling emir, Sheikh Tamim bin Hamad Al Thani, to "exercise self-restraint and refrain from steps that would escalate the situation". Iran - long at odds with Saudi Arabia and a behind-the-scenes target of the move - immediately blamed US President Donald Trump for setting the stage during his recent trip to Riyadh. (more...)
- June 06, 2017
Kuwait's state-run KUNA news agency said the emir, Sheikh Sabah al-Ahmad al-Sabah, urged Qatar's ruling emir, Sheikh Tamim bin Hamad Al Thani, to "exercise self-restraint and refrain from steps that would escalate the situation". Iran - long at odds with Saudi Arabia and a behind-the-scenes target of the move - immediately blamed US President Donald Trump for setting the stage during his recent trip to Riyadh. (more...)
Meet Apple's Echo Rival, Homepod
- June 06, 2017
Siri now also has a male American voice, and is said to be more expressive due to a new visual interface. Though the device may not actually ship for a few more months, there's mounting evidence which suggests that a product announcement is in the cards for today's keynote. (more...)
- June 06, 2017
Siri now also has a male American voice, and is said to be more expressive due to a new visual interface. Though the device may not actually ship for a few more months, there's mounting evidence which suggests that a product announcement is in the cards for today's keynote. (more...)
Is Rite Aid Corporation (RAD) a good buy?
- June 06, 2017
The stock of Rite Aid Corporation (NYSE: RAD ) has "Buy" rating given on Thursday, August 6 by Vetr . It has underperformed by 71.88% the S&P500.The move comes after 8 months positive chart setup for the $4.09 billion company. The firm earned "Mkt Outperform" rating on Monday, January 9 by JMP Securities. The firm has "Market Perform" rating given on Wednesday, May 11 by Bernstein. (more...)
- June 06, 2017
The stock of Rite Aid Corporation (NYSE: RAD ) has "Buy" rating given on Thursday, August 6 by Vetr . It has underperformed by 71.88% the S&P500.The move comes after 8 months positive chart setup for the $4.09 billion company. The firm earned "Mkt Outperform" rating on Monday, January 9 by JMP Securities. The firm has "Market Perform" rating given on Wednesday, May 11 by Bernstein. (more...)
Apple introduces power-packed iOS 11, wireless home speaker
- June 06, 2017
To that end, Apple is splitting out the games and apps categories, and providing in-house features on the essential downloads for your iPhone or iPad. There will be collections, a new Daily List centred around particular themes, and a second tab dedicated to new and popular Games. Apple is trying to change that in iOS 11, with improvements to Siri's voice so she (or he, should you prefer) sounds a lot more natural. (more...)
- June 06, 2017
To that end, Apple is splitting out the games and apps categories, and providing in-house features on the essential downloads for your iPhone or iPad. There will be collections, a new Daily List centred around particular themes, and a second tab dedicated to new and popular Games. Apple is trying to change that in iOS 11, with improvements to Siri's voice so she (or he, should you prefer) sounds a lot more natural. (more...)
Uber, Lyft service in upstate NY, Long Island starts June 29
- June 06, 2017
City Attorney Dennis Herrera said he is concerned about drivers who commute from as far away as Southern California to work in San Francisco and wants to ensure the companies comply with laws that require equal accommodation for people with disabilities. (more...)
- June 06, 2017
City Attorney Dennis Herrera said he is concerned about drivers who commute from as far away as Southern California to work in San Francisco and wants to ensure the companies comply with laws that require equal accommodation for people with disabilities. (more...)
Airlines in Middle East break away from flying to Qatar
- June 06, 2017
As a result, Pakistani pilgrims proceeding to Saudi Arabia to perform Umrah were left in a limbo as Qatar Airways was barred from entering Saudi Arabia. Hundreds of Pakistanis were left stranded at Doha airport after Saudi Arabia banned all flights from Qatar Airways into its airspace following the diplomatic disruption in the Middle East. (more...)
- June 06, 2017
As a result, Pakistani pilgrims proceeding to Saudi Arabia to perform Umrah were left in a limbo as Qatar Airways was barred from entering Saudi Arabia. Hundreds of Pakistanis were left stranded at Doha airport after Saudi Arabia banned all flights from Qatar Airways into its airspace following the diplomatic disruption in the Middle East. (more...)
"Opec's ability to control oil price 'diluted' by US" - Cantor Fitzgerald Europe
- June 06, 2017
The price of oil is down further after OPEC and other nations said they had agreed to extend their production cuts for another nine months. "It's the first time that I witness 100 percent compliance (with cuts) from OPEC and close to 100 percent from non-OPEC", Iranian Oil Minister Bijan Zanganeh told Reuters afterward. (more...)
- June 06, 2017
The price of oil is down further after OPEC and other nations said they had agreed to extend their production cuts for another nine months. "It's the first time that I witness 100 percent compliance (with cuts) from OPEC and close to 100 percent from non-OPEC", Iranian Oil Minister Bijan Zanganeh told Reuters afterward. (more...)
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Oil prices reach highest in almost a year as producers restrain output