Markets
Lego cuts 1400 jobs as sales fall in Europe and America
- September 06, 2017
Disappointing results, showing the first drop in profits after a decade of growth, has led to the LEGO Group announcing 1,400 redundancies. Knudstorp, took the top job aged 35 in 2004, a year after Lego flirted with bankruptcy, and set about reviving Lego's core business. (more...)
- September 06, 2017
Disappointing results, showing the first drop in profits after a decade of growth, has led to the LEGO Group announcing 1,400 redundancies. Knudstorp, took the top job aged 35 in 2004, a year after Lego flirted with bankruptcy, and set about reviving Lego's core business. (more...)
Angry Birds producer plans IPO
- September 06, 2017
That has driven revenue growth to 94 per cent year-on-year in the first half of 2017, to reach €152.6m it announced today. This year, he formed a new entertainment company, Kaiken Entertainment. The company did not report which games were its biggest earners. It has since shifted its focus, but has not been able to repeat its earlier success. (more...)
- September 06, 2017
That has driven revenue growth to 94 per cent year-on-year in the first half of 2017, to reach €152.6m it announced today. This year, he formed a new entertainment company, Kaiken Entertainment. The company did not report which games were its biggest earners. It has since shifted its focus, but has not been able to repeat its earlier success. (more...)
Trump to Scrap Obama-Era Dreamers Program 'as Early as Tomorrow'
- September 06, 2017
The Obama-era executive action that created DACA spurred many lawsuits, and even Trump originally waffled between saying that "they have to go" and "we are gonna deal with DACA with heart". Those who lose their work permits will be forced to work illegally or leave the workforce altogether. The letter was signed by the chief executives of Apple , Facebook , Google, Microsoft , Starbucks, United Airlines, Marriott and many others. (more...)
- September 06, 2017
The Obama-era executive action that created DACA spurred many lawsuits, and even Trump originally waffled between saying that "they have to go" and "we are gonna deal with DACA with heart". Those who lose their work permits will be forced to work illegally or leave the workforce altogether. The letter was signed by the chief executives of Apple , Facebook , Google, Microsoft , Starbucks, United Airlines, Marriott and many others. (more...)
Bitcoin tumbles as PBOC says initial coin offerings illegal
- September 06, 2017
By 9 that morning, digital currencies' total market capitalization had fallen by some $18.3 billion in a single day, hitting $146 billion. While some may criticise the move by the government, others will welcome it. NEO , a Chinese-based competitor to Ethereum , was even more drastically affected, losing more than 27% of its market cap ($1bn at time of writing). (more...)
- September 06, 2017
By 9 that morning, digital currencies' total market capitalization had fallen by some $18.3 billion in a single day, hitting $146 billion. While some may criticise the move by the government, others will welcome it. NEO , a Chinese-based competitor to Ethereum , was even more drastically affected, losing more than 27% of its market cap ($1bn at time of writing). (more...)
Sports Direct back in firing line on workers' rights ahead of AGM
- September 06, 2017
The strategy, unveiled last year, has been the brainchild of Sports Direct majority shareholder and chief executive Mike Ashley, who two weeks ago announced he would not be attending the once-a-year meeting because he was too busy. "While that still is a legal form of employment we will choose if we wish to continue with that form of employment". Sports Direct reiterated its aim to achieve growth in underlying earnings before interest, tax, depreciation, and amortisation of between 5% and ... (more...)
- September 06, 2017
The strategy, unveiled last year, has been the brainchild of Sports Direct majority shareholder and chief executive Mike Ashley, who two weeks ago announced he would not be attending the once-a-year meeting because he was too busy. "While that still is a legal form of employment we will choose if we wish to continue with that form of employment". Sports Direct reiterated its aim to achieve growth in underlying earnings before interest, tax, depreciation, and amortisation of between 5% and ... (more...)
Jeremy Kerley signing with Jets on one-year deal
- September 06, 2017
The Jets originally drafted Kerley , 28, in the fifth round in 2011. He had a career-year in 2012 when he caught 56 passes for 827 yards and two touchdowns. He played in all but six games in this stretch, averaging 41 catches and 482 yards per year. In 2016, Kerley appeared in all 16 games (13 starts) for San Francisco and led the team with a career-high 64 receptions for 667 yards and three touchdowns. (more...)
- September 06, 2017
The Jets originally drafted Kerley , 28, in the fifth round in 2011. He had a career-year in 2012 when he caught 56 passes for 827 yards and two touchdowns. He played in all but six games in this stretch, averaging 41 catches and 482 yards per year. In 2016, Kerley appeared in all 16 games (13 starts) for San Francisco and led the team with a career-high 64 receptions for 667 yards and three touchdowns. (more...)
Landmark Intel judgment critical for other European Union antitrust cases
- September 06, 2017
The Brussels-based antitrust regulator accused the company of using discounts to hurt Advanced Micro Devices Inc., a decision backed by a lower European Union court in 2014. The Advocate General released a non-binding opinion (PDF ) that the General Court should get a fresh review in 2016. The tech company then brought an appeal against the General Court's judgment before the Court of Justice. (more...)
- September 06, 2017
The Brussels-based antitrust regulator accused the company of using discounts to hurt Advanced Micro Devices Inc., a decision backed by a lower European Union court in 2014. The Advocate General released a non-binding opinion (PDF ) that the General Court should get a fresh review in 2016. The tech company then brought an appeal against the General Court's judgment before the Court of Justice. (more...)
Supreme Court gives big relief to Jaypee Infratech home buyers
- September 06, 2017
A bench headed by Chief Justice of India (CJI) Dipak Misra and Justices Amitava Roy and A M Khanwilkar took into account the submission of IDBI Bank. Under the Insolvency and Bankruptcy Code of 2016, flat buyers do not fall under the category of secured creditors like banks. Earlier there was confusion on whether homebuyers had to submit claim form for financial creditors or operational creditors. (more...)
- September 06, 2017
A bench headed by Chief Justice of India (CJI) Dipak Misra and Justices Amitava Roy and A M Khanwilkar took into account the submission of IDBI Bank. Under the Insolvency and Bankruptcy Code of 2016, flat buyers do not fall under the category of secured creditors like banks. Earlier there was confusion on whether homebuyers had to submit claim form for financial creditors or operational creditors. (more...)
Hewlett Packard Enterprise Comp (NYSE:HPE) Experiences Heavy Trading Volume
- September 06, 2017
Basis for the contraction The past can be a helpful indicator for future performance for a stock. Victory Capital Management Inc. increased its position in Hewlett Packard Enterprise by 145.3% in the second quarter . The stock's 50 day moving average price is $13.67 and its 200-day moving average price is $13.70. Hewlett Packard Enterprise Company (NYSE: HPE ), stock is trading $19.16 above the 52-week high. (more...)
- September 06, 2017
Basis for the contraction The past can be a helpful indicator for future performance for a stock. Victory Capital Management Inc. increased its position in Hewlett Packard Enterprise by 145.3% in the second quarter . The stock's 50 day moving average price is $13.67 and its 200-day moving average price is $13.70. Hewlett Packard Enterprise Company (NYSE: HPE ), stock is trading $19.16 above the 52-week high. (more...)
Clients abandoning crisis-hit Bell Pottinger
- September 06, 2017
Other companies have also walked away from the PR firm. HSBC and Carillion have said that they will no longer work with Bell Pottinger, though neither firm specified the reason why. "It's probably nearing the end", said Bell, who formed the firm in the 1980s after advising Prime Minister Margaret Thatcher on media matters. TalkTalk, one of the UK's biggest broadband operators, had a contract with Bell Pottinger which ended earlier this year. (more...)
- September 06, 2017
Other companies have also walked away from the PR firm. HSBC and Carillion have said that they will no longer work with Bell Pottinger, though neither firm specified the reason why. "It's probably nearing the end", said Bell, who formed the firm in the 1980s after advising Prime Minister Margaret Thatcher on media matters. TalkTalk, one of the UK's biggest broadband operators, had a contract with Bell Pottinger which ended earlier this year. (more...)
5% of US Gulf Oil Output Still Shut After Harvey
- September 06, 2017
The gasoline prices fell by 4% to $1.68 a gallon, having previously increased following the nullifying of a significant number of USA inventories. Valero Energy Corp. The line would be ready to start moving gasoline on Tuesday, it said. Official supply figures from the U.S. Energy Information Administration are slated for Thursday. (more...)
- September 06, 2017
The gasoline prices fell by 4% to $1.68 a gallon, having previously increased following the nullifying of a significant number of USA inventories. Valero Energy Corp. The line would be ready to start moving gasoline on Tuesday, it said. Official supply figures from the U.S. Energy Information Administration are slated for Thursday. (more...)
Scientists invented berry-flavoured chocolate and we are very intrigued
- September 06, 2017
Mr Smit told MailOnline that though ruby cocoa beans could be found in different parts of the world, Barry Callebaut is the only company that has been able to turn them into chocolate bars through a sophisticated process. and Cadbury. The new product also may appeal to Chinese consumers, a nascent market for chocolate, De Saint-Affrique said. Scientists worked on the ruby project for over ten years and the confection underwent extensive consumer research by independent global research ... (more...)
- September 06, 2017
Mr Smit told MailOnline that though ruby cocoa beans could be found in different parts of the world, Barry Callebaut is the only company that has been able to turn them into chocolate bars through a sophisticated process. and Cadbury. The new product also may appeal to Chinese consumers, a nascent market for chocolate, De Saint-Affrique said. Scientists worked on the ruby project for over ten years and the confection underwent extensive consumer research by independent global research ... (more...)
Ryanair flies lower as it takes €50mln hit from new baggage policies
- September 06, 2017
The number of passengers flying with the airline increased more than nine per cent on past year to 8.2m. However, from 1 November, only customers who pay an extra £5 ($6.50) for Priority Boarding will be allowed to bring two bags on the flight. (more...)
- September 06, 2017
The number of passengers flying with the airline increased more than nine per cent on past year to 8.2m. However, from 1 November, only customers who pay an extra £5 ($6.50) for Priority Boarding will be allowed to bring two bags on the flight. (more...)
U.S. stocks fall on worries about North Korea, Irma
- September 06, 2017
Banks and technology companies were down more than the rest of the market. Benchmark 10-year Treasury yields extended their declines overnight, falling to a near 10-month low of 2.07% as traders piled cash into government bond positions and added further to the move after U.S. (more...)
- September 06, 2017
Banks and technology companies were down more than the rest of the market. Benchmark 10-year Treasury yields extended their declines overnight, falling to a near 10-month low of 2.07% as traders piled cash into government bond positions and added further to the move after U.S. (more...)
Fed's rate hikes may be doing real harm to USA economy: Kashkari
- September 06, 2017
That brought it back close to its August 29 nadir of 108.265 yen, its weakest since mid-April. The Federal Reserve's recent interest-rate hikes may be slowing inflation, wage growth, and job growth and doing "real harm" to the US economy, one the USA central bank's most dovish policymakers said on Tuesday. (more...)
- September 06, 2017
That brought it back close to its August 29 nadir of 108.265 yen, its weakest since mid-April. The Federal Reserve's recent interest-rate hikes may be slowing inflation, wage growth, and job growth and doing "real harm" to the US economy, one the USA central bank's most dovish policymakers said on Tuesday. (more...)
NZ wins Oceania to set up possible qualifying clash with Argentina
- September 06, 2017
The victor of the tie will go on to face the fifth-place team from South American's qualifying section in a final play-off tie to determine who will be at next year's finals in Russian Federation. The Solomon Islands levelled with 12 minutes remaining when James Naka was brought down in the box allowing Henry Fa'Arodo to stroke home. New Zealand was without regular captain Winston Read, the West Ham defender who was forced to miss the series because of injury. (more...)
- September 06, 2017
The victor of the tie will go on to face the fifth-place team from South American's qualifying section in a final play-off tie to determine who will be at next year's finals in Russian Federation. The Solomon Islands levelled with 12 minutes remaining when James Naka was brought down in the box allowing Henry Fa'Arodo to stroke home. New Zealand was without regular captain Winston Read, the West Ham defender who was forced to miss the series because of injury. (more...)
The NY Daily News finally has a buyer
- September 05, 2017
Tronc disclosed in a filing early Tuesday that it had paid $1 in cash plus the assumption of liabilities for the almost 100-year-old tabloid newspaper and a state-of-the-art printing plant in Jersey City, New Jersey, across the Hudson River from New York City. (more...)
- September 05, 2017
Tronc disclosed in a filing early Tuesday that it had paid $1 in cash plus the assumption of liabilities for the almost 100-year-old tabloid newspaper and a state-of-the-art printing plant in Jersey City, New Jersey, across the Hudson River from New York City. (more...)
England hit back to beat Slovakia with Rashford winner
- September 05, 2017
But, having headed into the break with parity, the Three Lions dominated the second half, and it was Rashford's delightful strike that maintained England's unbeaten record in Group F , and now five points clear of Monday night's adversaries Slovakia , with only two matches to go, then Southgate knows that his side only need two points from their final two matches next month against Slovenia and Lithuania to ensure qualification for the World Cup in Russian Federation next year. (more...)
- September 05, 2017
But, having headed into the break with parity, the Three Lions dominated the second half, and it was Rashford's delightful strike that maintained England's unbeaten record in Group F , and now five points clear of Monday night's adversaries Slovakia , with only two matches to go, then Southgate knows that his side only need two points from their final two matches next month against Slovenia and Lithuania to ensure qualification for the World Cup in Russian Federation next year. (more...)
4 million personal records of Time Warner cable customers exposed
- September 04, 2017
The records, which stemmed from the MyTWC mobile app, date as far back as November 2010 - years before Charter bought TWC. It's also another reminder of how easily data can be rendered insecure through poor processes and how information related to millions of individuals is managed not only by the companies that bill them but also by third party partners, adding to the risk of security slip-ups or breaches. (more...)
- September 04, 2017
The records, which stemmed from the MyTWC mobile app, date as far back as November 2010 - years before Charter bought TWC. It's also another reminder of how easily data can be rendered insecure through poor processes and how information related to millions of individuals is managed not only by the companies that bill them but also by third party partners, adding to the risk of security slip-ups or breaches. (more...)
Trump says: all options are on the table for North Korea
- September 04, 2017
With America focused on Harvey's extreme flooding, a series of responses, varying in scope, have come from the USA and its allies since North Korea's audacious launch of a ballistic missile that flew over Japan on Tuesday. He had recently claimed , after a lull of more than three weeks in such tests, that Kim Jong-un "is starting to respect us". An American travel ban on North Korea will come into effect Friday. (more...)
- September 04, 2017
With America focused on Harvey's extreme flooding, a series of responses, varying in scope, have come from the USA and its allies since North Korea's audacious launch of a ballistic missile that flew over Japan on Tuesday. He had recently claimed , after a lull of more than three weeks in such tests, that Kim Jong-un "is starting to respect us". An American travel ban on North Korea will come into effect Friday. (more...)
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Gambling Commission bans use of credit cards for online bets