Markets


Kyrgyz weightlifter stripped of bronze medal in doping case Kyrgyz weightlifter stripped of bronze medal in doping case
- August 19, 2016

Gold went to China's Shi Zhiyong, while Daniyar Ismayilov took silver for Turkey. "The responsibility for the athlete's results management in terms of sanction beyond the Olympic Games Rio 2016 is referred to the International Weightlifting Federation (IWF)", explained a statement from the Court of Arbitration for Sport. (more...)
Trump's Campaign Chairman Tied to Undisclosed Foreign Lobbying Trump's Campaign Chairman Tied to Undisclosed Foreign Lobbying
- August 19, 2016

The project was structured in ways that obscured the foreign party's efforts to influence USA policy. Not doing so can land you five years in prison and a $250,000 fine. Mr. Manafort is no neophyte when it comes to the rules of lobbying and politics. The campaign of Hillary Clinton, the Democratic nominee for president, slammed the Trump campaign's perceived cozying up to Russian Federation in a conference call Wednesday. (more...)
With Demand For Its Products Down, Cisco Will Cut Workforce
- August 19, 2016

Mr. Robbins announced during the earnings call on Wednesday that the job cuts will help the company to switch its focus towards high growth areas such as Internet of Things (IoT), security, data centers and Internet cloud technologies. But Robbins stressed that the order decrease was not exclusively a result of Brexit. "Our product deferred revenue from software and subscriptions grew 33 percent showing the continued momentum of our business model transformation". (more...)
Asda sales hit new low as competition and falling prices take toll Asda sales hit new low as competition and falling prices take toll
- August 19, 2016

McMillon said Asda would simplify and strengthen its offer through improved product availability, reduce costs and drive sales through strategic price cuts. Asda reported a 5.8 per cent decline over Christmas, which had been its worst ever quarterly performance. Walmart said Sean Clarke's experience would allow him to "reposition the business" in a competitive market. (more...)
Modi's remarks on Balochistan spark protests in various cities Modi's remarks on Balochistan spark protests in various cities
- August 19, 2016

Foreign Secretary S Jaishankar on Wednesday said that looking at the neighbourhood, India clearly faces a unique challenge in respect to one country which is Pakistan. "The terrorism issue has become so central between the two countries that it makes the relationship hard to grow..." The senior Congress leader said praising Baloch separatists does not behove of a Prime Minister. (more...)
Stocks pare losses, dollar falls after balanced Fed minutes Stocks pare losses, dollar falls after balanced Fed minutes
- August 19, 2016

Japan's benchmark fell after the country reported declines in both exports and imports in July. ASIA'S DAY: Hong Kong's Hang Seng rose 1 percent to 23,028.08 while the Shanghai Composite Index lost 0.2 percent to 3,104.11. Measures of the yield curve pared earlier declines, with the difference between yields on two- and 10-year debt at about 82 basis points. The rise in the yen to about 99 to the dollar has made imports cheaper but Japanese goods more expensive for foreign customers, hurting ... (more...)
Trump makes first battleground state ad buys Trump makes first battleground state ad buys
- August 19, 2016

Party loyalists have grown increasingly frustrated with Trump's inability to stay focused on Democrat Hillary Clinton amid a series of self-created distractions. In that exchange, Mr Trump was discussing the political "movement" fuelling his campaign and the reporter noted that "the world is changing" and mentioned Brexit, the June vote for the United Kingdom to leave the European Union. (more...)
Video Footage Of Ryan Lochte And Teammates Being Confronted By Security
- August 19, 2016

According to ESPN , it was Jack Conger and Gunnar Bentz - both of whom are now detained in Rio along with Jimmy Feigen - who told on Lochte to the police. We have to understand that these kids were trying to have fun. And it looks as though they've offered testimony that could spell big trouble for all four athletes. (more...)
Uber to use autonomous cars to haul people in next few weeks Uber to use autonomous cars to haul people in next few weeks
- August 19, 2016

The two companies have entered a 411M joint venture to develop new vehicles that will be able to incorporate the latest developments in AD technologies, including fully autonomous driverless cars. The deal will be beneficial to both companies. That's why our partnership with a great manufacturer like Volvo is so important. "Volvo has consistently been a leader when it comes to safety". (more...)
Sage employee arrested at airport following data breach Sage employee arrested at airport following data breach
- August 19, 2016

An employee of software firm Sage has been apprehended by police in London following a breach last week in which it is believed the personal information of between 200-300 of the company's customers in the United Kingdom was stolen. Thomas Fischer, threat researcher and global security advocate at Digital Guardian, laid the blame squarely at Sage's door, and suggested that the company's security was inadequate. (more...)
Australian banks sued by funds in US Australian banks sued by funds in US
- August 19, 2016

The filing names, among others, Australia & New Zealand Banking Group Ltd., Commonwealth Bank of Australia Ltd., National Australia Bank Ltd., Macquarie Group Ltd. ANZ, NAB and Westpac have all rejected ASIC's claims of manipulation of bank bill swap rap. Other plaintiffs weren't immediately reachable for comment. (more...)
Fed policymakers divided over whether to raise rates soon
- August 19, 2016

Aug 18 Strong recent U.S.jobs growth and a long-awaited return of middle-wage employment are two positive signs for the USA labor market, an influential Federal Reserve policymaker said on Thursday, reinforcing his positive message on the broader economy. (more...)
Canada Post contract negotiations stall week before CUPW strike mandate expires Canada Post contract negotiations stall week before CUPW strike mandate expires
- August 19, 2016

On July 8, Canada Post proposed binding arbitration to avoid further harm to the business and end uncertainty for our employees and thousands of small businesses and Canadians who depend on the postal service. He acknowledged that the talks "have not made much progress" thus far. "The evidence establishes to the satisfaction of the Arbitrator that to be true to the Corporation's obligation under section 5 (2)(b) of the Canada Post Corporation Act , supra, 'to conduct its operations on a ... (more...)
Analyst EPS Forecast Coverage: Ford Motor Co. (NYSE:F)
- August 19, 2016

Other Hedge Funds, Including, Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold out all of its stake in GM during the most recent quarter. The research entity Zacks released its research report on Ford Motor Company (NYSE:F) as per, which its stock can move to hit $20 in the approaching fiscal. (more...)
First images of Fitbit Charge 2 and Fitbit Flex 2 First images of Fitbit Charge 2 and Fitbit Flex 2
- August 19, 2016

TechnoBuffalo released leaked images of both the Charge 2 and Flex 2 . Fitbit is one of the biggest players when it comes to the wearables market, although there are still a few things holding the current Charge back - something we hope will be fixed with the second generation model . (more...)
Christie Brinkley defends daughter in Instagram post Christie Brinkley defends daughter in Instagram post
- August 19, 2016

The 18-year-old, who is also a model like her famous mom, is no stranger to bullying. In an Instagram message posted late Wednesday night, Brinkley Cook wrote, "I usually never read the comment section under any stupid article about me". (more...)
Jobless Claims in US Again Below Projections
- August 19, 2016

The Labor Department said Thursday that initial claims for jobless benefits dropped 4,000 to a seasonally adjusted 262,000 for the week ended August 13. "In Michigan, we lost 766,000 jobs between 2001 and 2010", Gov. Rick Snyder said in a statement Wednesday. There was nothing unusual in the overall figures, and one state, Vermont, had estimated jobless claims, according to the Labor Department. (more...)
Valeant reaches detente with lenders Valeant reaches detente with lenders
- August 19, 2016

The Street now has mostly Neutral sentiments on Valeant shares. Valeant is also reportedly under a criminal fraud investigation by the U.S. Attorney's Office in NY over its activities with mail-order pharmacy Philidor Rx Services. The fund says in the suit that Valeant's secret network of pharmacies used deceptive practices to sell drugs, then hid the source of these ill-gotten gains with accounting. (more...)
Ford To Launch Its Electric Cars Under Model E Family Name Ford To Launch Its Electric Cars Under Model E Family Name
- August 19, 2016

It's not known which variation of the Model E will be produced first. Ford trademarked Model E in 2013 as a reference to the company's heritage models, the Model T and Model A. The manufacturer has been clear in its aim not to sell its electric offerings at a loss, and it's thought this ethos will continue for the Model E , with a spokesperson adding that it will be realistically priced. (more...)
Aetna cancels plans to join ACA marketplace in Maine Aetna cancels plans to join ACA marketplace in Maine
- August 19, 2016

Aetna, which covers more than 800,000 people with individual marketplace plans, cited higher-than-expected medical costs as the reason for its exodus after posting a pre-tax loss in the second-quarter of $200 million from its marketplace business. (more...)

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