Markets


Has UK found a savior to buy Tata steel operations?
- April 10, 2016

Tata Steel Europe had announced its plans to sell its United Kingdom steel business last week after a "strategic review" by its board, throwing the industry into chaos. His colleague Gary Keogh added: "We are open to anything for the survival of our industry". "Tata have confirmed that all their assets will be in a saleable position". (more...)
Witnesses give varying stories of police killing
- April 10, 2016

Lee said he has requested an independent investigation from the Office of Citizen complaints in addition to the customary investigations by the Police Department and district attorney. Visor and Grant knew the man only as Jose. "He was going in circles". "The knife was up on his hip the whole time", said John Visor, who lives in a tent on Shotwell. (more...)
Mossack Fonseca lodges criminal complaint over Panama Papers
- April 10, 2016

A Las Vegas-based subsidiary of law firm Mossack Fonseca is listed as the registered agent for 1,026 firms incorporated over the past decade and a half, many of which have since been dissolved or are no longer active. The prime minister of Iceland , for example, resigned earlier today over revelations that he owned a shell company in the British Virgin Islands. (more...)
Business Secretary Sajid Javid to travel to Mumbai to meet Tata chairman
- April 10, 2016

Research for the union showed that the spend by NR with Tata was in decline. It follows talks with the head of the Liberty Group, which is considering a takeover of the Port Talbot plant in South Wales. Community said negotiations with managers at Tata's Long Products division over the transformation plan had been hard. Jones added: "We know there are potential buyers out there - but there's still a lot of work to be done". (more...)
Tesla Model X Production Gives Rise to Brand's Model 3 Possible Issues Tesla Model X Production Gives Rise to Brand's Model 3 Possible Issues
- April 09, 2016

This is quite an impressive achievement for the automaker, and definitely way beyond its expectations, but many analysts have expressed concerns about the company's ability to meet the demand. The release date for Tesla Model 3 has been announced to be next year, but the pre-orders have already started coming to the tune of a quarter of a million units. (more...)
Javid Jets Into Mumbai For Steel Jobs Talks
- April 09, 2016

Tata Steel employs around 15,000 staff in Britain. However, Gupta warned that it was early days and that his company had not had the chance to inspect Tata Steel's business or talk to the company or the government. "Everyone is very motivated to find a solution". Gupta when questioned about acquiring the state steel plant port at Port Talbot, he said in the Sunday Telegraph that "We need a proper partnership with the government". (more...)
Marriott To Buy Starwood Hotels, After Chinese Firms Quits Pursuit
- April 09, 2016

According to the Financial Times, Anbang Insurance withdrew its takeover proposal after failing to demonstrate it had the financing in place to back the $82.75 per share cash offer. As a result, Starwood shareholders would own 37%of the combined company. These are a few of the things that are underway but, because our market-share numbers, for example, in Europe and China are quite light we would not expect those to be meaningful issues. (more...)
Tesla Model 3 pre-orders hit 276000, 5 times bigger than 2015
- April 09, 2016

In a nutshell, we can expect deliveries to increase dramatically once the 45 percent increase in orders translates to cars in owner's driveways and assuming Tesla can keep up with the demand. Tesla did not specify which parts were in short supply. The electric vehicle maker has been slow to ramp up production of its new Model X since holding a launch event in September. (more...)
Marriott To Buy Starwood Hotels, After Chinese Firm Quits Pursuit
- April 09, 2016

An Angbang-led consortium, which included private equity firms J.C. Flowers & Co.as well as Primavera Capital, increased its offer to $82.75 a share in its latest attempt. Anbang , which remains largely unknown to most Americans, has quickly positioned itself to become a player in the USA hotel industry, acquiring marquee properties. (more...)
German paper says it won't publish all offshore files
- April 08, 2016

Founding partner Ramon Fonseca said the firm, Mossack Fonseca , which specialises in setting up offshore companies, had broken no laws and that all its operations were legal. The leak of financial papers and emails, which were obtained by the German daily newspaper Süddeutsche Zeitung and passed on to International Consortium of Investigative Journalists , was the biggest in history with more than 11.5 million individual files released. (more...)
Oculus Rift Causes Rift Within Market At Launch
- April 08, 2016

While Oculus allows this, applications from such developers have not been reviewed by Oculus for security, comfort, content, or health and safety. The Rift already has more than 30 additional games available to buy. we never know. "But it's also hard to champion the Rift completely when few people can afford it. It's the very definition of elite technology". "You'll definitely want to try it, but there's little reason to own one unless you're a serious gamer". (more...)
Sajid Javid urges 'responsible' Tata Steel plants sale
- April 08, 2016

Business Secretary Sajid ­Javid was to travel to Mumbai last night to meet the chairman of Tata as efforts to save thousands of jobs are stepped up. The development comes amidst Javid's scheduled meeting with Tata Group Chairman Cyrus Mistry tomorrow for an update on the sales process of Tata Steel's United Kingdom operations. (more...)
Tesla launches affordable electric vehicle ... and 130000 orders are already in
- April 08, 2016

Tesla launched the Model 3 at a splashy event in Los Angeles, and CEO Elon Musk was ebullient as he unveiled the sedan after a months-long run-up of rumors and speculation. Deliveries will begin by the end of 2017. "We really believe with Tesla that safety has to come first". Kelley Blue Book's Jack Nerad, notes unveiling of the vehicle is important since it will signal whether Tesla is a significant threat to the status quo or just another wannabe company. (more...)
Clinton and Sanders clash over presidential qualifications Clinton and Sanders clash over presidential qualifications
- April 08, 2016

The campaign's deputy communications director, Christina Reynolds, argued that Sanders is unqualified, sending a full transcript of a New York Daily News editorial board interview of Sanders. She was directly asked whether Sanders is "qualified" to be president, and she hedged. "We are going to have to unify the Democrats and right thinking Americans to stand up against the Republicans ", Clinton said Thursday morning. (more...)
Verizon will reportedly make a bid to purchase Yahoo Verizon will reportedly make a bid to purchase Yahoo
- April 07, 2016

Bloomberg reports if Verizon were to acquire Yahoo , current CEO Marissa Mayer would be replaced by Armstrong and Marni Walden, Verizon's executive vice president, to run a combined Yahoo and AOL. Despite this, Verizon's bid could be up against competition from Google and Time Inc ., which are also reportedly weighing whether to make an offer. (more...)
Tesla blames its own 'hubris' for sluggish Model X production
- April 07, 2016

The Model S, a luxury sedan, was launched in 2012, while the Model X, an SUV/people carrier crossover, was eventually launched previous year. A statement from the company said its deliveries were lower than expected due to parts shortages. (more...)
Alaska Air buys Virgin America to expand West Coast flights
- April 07, 2016

News that Alaska Airlines will pay up to $ 4 billion to scoop up Virgin America is getting mixed reviews among travelers-and even from Virgin Group founder Richard Branson-which isn't surprising given that this isn't your average big airline merger . (more...)
Tesla Model 3 Orders Top $10bn
- April 07, 2016

The Palo Alto automaker added too much new technology to its luxury SUV, it said in a statement, and neither the company nor its suppliers could manufacture enough key parts. It was all very unfortunate, yes, but Tesla promises those issues are behind it. " Tesla is addressing all three root causes to ensure that these mistakes are not repeated with the Model 3 launch", the company has promised. (more...)
Inquiry: State 'fundamentally accountable' for Flint water crisis Inquiry: State 'fundamentally accountable' for Flint water crisis
- April 07, 2016

The state, which has allocated $67 million toward the disaster, will "take it under advisement", Adler said. Snyder has repeatedly apologized for the state's role as some have called for his resignation. "People in Flint want those answers and I think they deserve them". The experts cited the failure of the war on drugs, saying the United States needed to "move gradually toward regulated drug markets and apply the scientific method to their assessment". (more...)
Pfizer's $160B megadeal for Allergan collapses under new tax rules
- April 07, 2016

The Treasury said it will focus on companies that have engaged in a number of acquisitions in a series, and it plans to limit foreign companies benefits in inversion. The US government has refined tax codes in recent years to stop "tax inversion", when large US companies use acquisition as a strategy to reduce their taxes by merging with a smaller company overseas and transferring official headquarters to more tax-friendly shores. (more...)