Markets


Deals like AT&T and Time Warner destroy democracy
- October 24, 2016

CNN, HBO, Warner Brothers Studio are just a few examples. AT and T will pay Dollars 107.50 per Time Warner share in a combination of cash and stock worth USD 85.4 billion overall. The new company wants to be the first USA wireless company to compete on the national level with an online video package similar to the traditional television pay-package, according to the Wall Street Journal. (more...)
Dyn: DDoS Attack Powered Mainly by Mirai Botnet
- October 24, 2016

Dyn , whose servers monitor and reroute internet traffic, said it began experiencing what security experts called a distributed denial-of-service attack just after 7 a.m. Dyn, an internet services company, had two DDoS cyberattacks . No one has claimed responsibility for the attack yet. Mirai botnets have previously been used in DDoS attacks . (more...)
Ben Stokes hauls England to streak-ending ODI series victory over Bangladesh Ben Stokes hauls England to streak-ending ODI series victory over Bangladesh
- October 24, 2016

Chasing 278 in a ground where the highest successful chase was 226 before this game, James Vince and Billings, brought into the game in place of the injured Jason Roy, gave England the ideal start . "I think we showed huge character", Buttler said after the match that saw England restrict the home side to 277-6 and hit the winning runs with 13 balls to spare. (more...)
Surfer is third Australian shark attack victim in a month Surfer is third Australian shark attack victim in a month
- October 24, 2016

Supporters of nets say the same protection that is afforded to swimmers and surfers in beaches from Wollongong to Newcastle, including Sydney, should be extended to the Far North NSW after the spate of shark attacks. The tally includes the fatal mauling of Japanese surfer Tadashi Nakahara. The victim's left thigh showed a bite mark and at least three puncture wounds and his surf board also showed signs of damage, with a chunk missing from the side and holes on the underside. (more...)
Cardinal Dolan On Sitting Between Clinton and Trump: They Were 'Courteous' Cardinal Dolan On Sitting Between Clinton and Trump: They Were 'Courteous'
- October 24, 2016

One thing is certain: whoever wins is going to have to reveal them swiftly as he or she faces the urgent and daunting task of sewing up the social divides. Obama's recent itinerary has focused on competitive White House states that also have close Senate races. Clinton still leads in the national polls by an average of 6 per cent. (more...)
US Senate to Examine Proposed $85B AT&T-Time-Warner Merger US Senate to Examine Proposed $85B AT&T-Time-Warner Merger
- October 24, 2016

Time Warner shareholders would receive $107.50 per share - $53.75 per share in cash and $53.75 per share in AT&T stock - under the agreement, AT&T said . "Zero-rating any of AT&T's content over wireless or broadband would be prohibited" by the FCC, predicted Craig Moffett, a telecom analyst at MoffettNathanson. (more...)
A Merged AT&T-Time Warner May Not Do Consumers Much Good A Merged AT&T-Time Warner May Not Do Consumers Much Good
- October 24, 2016

The wireless carrier and the cable giant expect the deal to close sometime in 2017. The deal - one of the biggest this year - still needs approval from regulators. The answer to what's in it for Time Warner is fairly obvious: Billions of dollars. The regulatory climate has intensified lately, with the Obama administration saying no to several huge deals. (more...)
Russia oil minister meets Saudis, Gulf countries in Riyadh Russia oil minister meets Saudis, Gulf countries in Riyadh
- October 24, 2016

OPEC plans to reduce production to a range of 32.50 million to 33.0 million barrels per day (bpd), down from 33.39 million bpd in September. "But this should not be at our expense". Falih said Novak had welcomed the invitation, "as a clear indication of honest desire to continue cooperation and coordination with the oil producing and exporting countries for more stability in the market". (more...)
Thousands flood Cameroon hospitals in search of family Thousands flood Cameroon hospitals in search of family
- October 24, 2016

He said a survivor who was travelling with his brother told him that no medical staff or rescue worker attended to him while he was trapped under the rubble for 24 hours before he died. He said he has no information on the whereabouts of his sister's corpse, so he has chose to go from one mortuary to the other in search of her body. (more...)
Current and future Tesla models to get new Autopilot system Current and future Tesla models to get new Autopilot system
- October 24, 2016

Twelve updated ultrasonic sensors add to the cars' enhanced "vision" of their surroundings. -Twelve new ultrasonic sensors, allowing for detection of both hard and soft objects at almost twice the distance of the current system. Despite some missteps with its Autopilot feature, Tesla has pledged to equip all of its cars with self-driving technology going forward. Tesla has offered an automatic steering and braking system called Autopilot in its cars since past year, but that technology ... (more...)
Cygnus Attached to Station's Unity Module Cygnus Attached to Station's Unity Module
- October 24, 2016

Developed by NASA's Marshall Space Flight Center in Alabama, the instrument "studies a new neutron measurement technique that is better suited for the mixed radiation fields found in deep space", according to a fact sheet posted on the agency's website. (more...)
Tupperware Brands Corporation (TUP) Releases Earnings Results, Beats Expectations By $0.07 EPS Tupperware Brands Corporation (TUP) Releases Earnings Results, Beats Expectations By $0.07 EPS
- October 24, 2016

Tupperware Brands Corporation has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The highest analyst price target is $73.00, which implies a gain of 81 percent. Blackrock Inv Mgmt reported 316,223 shares or 0.02% of all its holdings. Shares of Tupperware Brands Corp. Hillsdale Investment Mgmt Inc has 100 shares for 0% of their USA portfolio. (more...)
Three shot and one dead after early morning Streetsville shooting Three shot and one dead after early morning Streetsville shooting
- October 24, 2016

Peel police have identified the man shot and killed in Mississauga Saturday as 23-year-old Deshawn Brandon Nicholson. "We did receive a lot of 911 calls but we are still trying to figure out who the witnesses are and who was on scene and who wasn't", he said. (more...)
Little Valley Wildfire in Nevada Destroys Bunny Ranch Brothel Owner's Home Little Valley Wildfire in Nevada Destroys Bunny Ranch Brothel Owner's Home
- October 24, 2016

Meanwhile, firefighters were also battling a stubborn blaze on east of Lake Tahoe in Nevada. Moore said emergency dispatchers received a report of "a glow" in hills west of Washoe Valley at 1:38 a.m. No injuries or structural damage had been reported in the Emerald Fire. More than 5,000 people are without power, mostly in southwest Reno. The so-called Little Valley fire began shortly before 2 a.m. (more...)
Samsung flags $5.3 billion profit hit from Note 7 failure
- October 24, 2016

Samsung's smartphone shipment to India may fall short of target by 4 million units in 2016, hit by global recall and halt in production of its flagship Note 7 smartphone, research firm CMR today said. The company received 13 reports of burns and 47 reports of property damages associated with the phones. Park Jung-hoon, a fund manager at HDC Asset Management which owns shares in Samsung affiliates, said that although future losses would not be as bad as the third quarter the company had to ... (more...)
South Florida jobs up, unemployment down in September over year ago
- October 24, 2016

The U.S. unemployment rate also rose for September to 5.0 percent. The unemployment rate was 6.4 percent, up from 6.0 percent in September 2015. The slight increase is well within the margin of error of 0.9 percent for the unemployment rate, according to the Bureau of Labor Statistics . (more...)
Breakdown of presidential candidates' tax plans Breakdown of presidential candidates' tax plans
- October 24, 2016

About three-fourths of the decrease, the center said , would come from cutting business taxes, including reducing corporate income tax from 35 percent to 15 percent, and repealing the alternative minimum tax for wealthy people. Trump's plan will increase annual deficits, and increase the national debt - the total of our annual deficit - which as I write has exceeded $22 trillion. (more...)
Nissan completes 34% stake in Mitsubishi, largest shareholder
- October 24, 2016

Following the buyout, Ghosn, who already leads Renault and Nissan as chief executive, is joining Mitsubishi's ranks as chairman of the company. Masuko, Mitsubishi Motors' chairman, chief executive and president, will relinquish the chairman's title, but will continue to work on the mid term plan of the company. (more...)
Saudi's Falih says non-OPEC countries willing to help balance oil market Saudi's Falih says non-OPEC countries willing to help balance oil market
- October 24, 2016

U.S. West Texas Intermediate (WTI) crude slipped 90 cents, or 1.8 percent, to $50.45. On the ICE Futures Exchange in London, the December Brent contract edged up 0.15% to $52.48 a barrel, not far from Monday's one-year peak of $53.73. "Despite having increased production by ... nearly 900,000 barrels a day since they started talking about a freeze in February, they have been very successful in getting the market to believe they're going to act", the former White House aide told CNBC's "Power ... (more...)
Samsung expecting $5.3bn profit loss from Galaxy Note 7 troubles
- October 24, 2016

To cover the cost from the Note 7, Samsung plans to focus on other premium smartphone brands such as the Galaxy S7 and Galaxy S7 edge. Samsung recalls units of Galaxy Note 7 in China. The U.S. Postal Service is only shipping Note 7 devices through its ground transportation service, as required by its rules on transporting damaged or recalled lithium ion batteries, a spokeswoman said. (more...)