Markets


Airbnb Hires Gibson Dunn in Fight Against New York Airbnb Hires Gibson Dunn in Fight Against New York
- October 25, 2016

The new restrictions placed on the lodging service could seriously restrict its rental business in NY, which is their largest market in the United States. The new rules for Airbnb make it illegal for residents in buildings built for three or more families to advertise their full building for rent for less than 30 days (residents can still rent out a spare room, though, for instance). (more...)
Zeal for Trump nosedives in poll, while Clinton reaches new high
- October 25, 2016

After a merciless two-year campaign, the next president will face the daunting task of governing a bitterly divided nation. "There are nine competitive Senate races, eight of which Republicans are defending". "We're running a coordinated campaign, working hard with gubernatorial, Senate, and House candidates", said Robby Mook, Clinton's campaign manager. (more...)
Duterte's name-calling is hurtful, says USA envoy
- October 25, 2016

At left is Armed Forces Chief Gen. Ricardo Visaya. Russel said "a real climate of uncertainty about the Philippines' intentions had created consternation in many countries", including the United States. After the comments, members of his cabinet attempted to underline that Duterte was suggesting less dependence while the president insisted that "separation of foreign policy" does not mean the severing of ties. (more...)
Procter & Gamble Company (NYSE:PG) Procter & Gamble Company (NYSE:PG)
- October 25, 2016

Lenox Wealth Advisors Inc. now owns 1,840 shares of the company's stock valued at $156,000 after buying an additional 10 shares during the period. Shares of Procter & Gamble Co. During the same period in the previous year, the business earned $1.00 EPS. 03/21/2016 - Procter & Gamble Company (The) had its "equal weight" rating reiterated by analysts at Barclays. (more...)
REI to close again for Black Friday REI to close again for Black Friday
- October 25, 2016

REI is calling on companies of all kinds - but particularly the outdoor community - to celebrate the people who dedicate their lives to the outdoors. REI , which has 149 stories, is now working with more than 200 organizations from the nonprofit, private and public sectors, including the National Parks Service, to push the idea. (more...)
Draghi gives few clues over future policy
- October 25, 2016

The dollar continued its advance against the euro during the overseas trading session as Asian and European traders deliberated over European Central Bank President Mario Draghi's comments made at Thursday's press conference. However, an expected increase in inflation as a result of a weaker Sterling could weigh on retail sales volumes in the coming months. "This is why the ECB is simply buying time", said Carsten Brzeski of ING Diba bank. (more...)
Britney Spears suffers wardrobe malfunction onstage Britney Spears suffers wardrobe malfunction onstage
- October 25, 2016

She made it through the performance, but the bra-top was still causing her problems during next song " Gimme More ". Luckily for Britney, the issue was quickly fixed by her team before anything was exposed, and, ever the professional, Spears carried on with the show. (more...)
EU's Tusk says Thursday summit with Canada still possible EU's Tusk says Thursday summit with Canada still possible
- October 25, 2016

The collapse of the agreement, known as CETA, would be another sign of headwinds facing free trade as politicians around the world fend off a populist threat that taps into voters' fears that such deals destroy jobs. "The commission has been working without let-up in order to steer the discussion toward a positive outcome", European Commission spokesman Margaritis Schinas told reporters in Brussels , adding that there would be no deadline on the negotiations. (more...)
China's HNA Group to buy 25% stake in Hilton Hotels China's HNA Group to buy 25% stake in Hilton Hotels
- October 25, 2016

Under the $6.5 billion deal, HNA will pay just over $26 a share in cash for the stake, which is 15 percent more than Hilton's Friday closing price of just under $23 a share, the Wall Street Journal reported. Evercore served as exclusive financial advisor and WilmerHale and Morris, Nichols, Arsht & Tunnell LLP served as legal advisors to the special committee of Hilton's Board of Directors. (more...)
Rolling Stone writer: 'Startled' when woman backed off story
- October 25, 2016

An attorney for Rolling Stone magazine is asking the author of a discredited story about a woman's claim of being gang raped at a fraternity house about the trust she put in her source. Rolling Stone ultimately retracted its story. Before the article was published, Jackie said she remembered "feeling scared and overwhelmed and unsure of what to do". (more...)
Rockwell looks to expand its aircraft presence in acquisition
- October 25, 2016

With B/E Aerospace , Ortberg gains the largest equipment supplier for aircraft cabins - and the chance to provide reams of new information to airline operators. It will also assume $1.9 billion in B/E debt. Aftermarket sales also would help offset weakness in other parts of the combined company. Swapping defense/bizjets for more comm aero, mainly widebodies: Deal indicates to us that Rockwell Collins is done waiting around for business jet to stabilize/improve and might even signal ... (more...)
Lexus, Toyota and Buick top new auto reliability survey Lexus, Toyota and Buick top new auto reliability survey
- October 25, 2016

Ford Motor Co.'s Ford brand also was plagued by problems with the dual-clutch automatic transmission in the Focus and Fiesta, dropping its score one spot to No. Fisher said. "They are making very reliable cars". The Chevrolet Cruze was the top-performing small auto in the survey, while the Chevrolet Trax was the top-performing small SUV. (more...)
America's Biggest Banks Unveil Venmo Competitor, Zelle America's Biggest Banks Unveil Venmo Competitor, Zelle
- October 25, 2016

Called Zelle (just like the speedy gazelle without the "ga-"), the new service will allow customers to email or text cash payments instantly for anyone with a USA bank account. "This is about creating a wide, and inclusive, alternative to cash and checks for everyone", said Mr Finch, who was at the Money 20/20 payments industry conference in Las Vegas to promote Zelle for its bank owners. (more...)
Government will ensure LPG connection to all: Narendra Modi
- October 25, 2016

Addressing a public rally at Mahoba in Uttar Pradesh, Modi said that issue of triple Talaq was not a matter between BJP and opposition. "Those who want to digress from triple talaq are instigating people.in the country, lives of Muslim women can not be allowed to be ruined by triple talaq ", he said. (more...)
Trump's body language during debate raises social media eyebrows Trump's body language during debate raises social media eyebrows
- October 24, 2016

Republican vice presidential nominee Mike Pence emerged Monday after a weekend out of the public eye reaffirming his relationship - awkward as it seemed - with Donald Trump. He settled a lawsuit with one of the women who claimed harassment. Trump struggled at times to articulate detailed policy proposals, repeatedly dancing around questions about how he would fulfill his vow replace President Barack Obama's health care law. (more...)
Testimony continues in former Penn State assistant's lawsuit
- October 24, 2016

He also directed Baldwin to provide it to the defense attorneys. After McQueary spoke up in 2011, he was suspended from the football program. She said Erickson was concerned about McQueary's safety. McQueary was told he would receive full pay and benefits during that time and that his future status had not been determined. Mike McQueary's case against the university where he was a player and a coach will resume on Tuesday at a county courthouse near campus. (more...)
Nintendo Introduces The Nintendo Switch
- October 24, 2016

Prior to the announcement there had been some speculation that a dock would be utilised to provide a mobile element with additional processing power. "If a Nintendo Switch game supports amiibo then the Nintendo Switch home gaming system will as well", a Nintendo representative told IGN . (more...)
AT&T reaches deal to buy Time Warner for $85.4bn
- October 24, 2016

And Netflix and Amazon doubled their yearly investments on programming between 2013 and 2015, reaching a combined $7.5 billion past year, more than CBS or HBO, according to industry researcher IHS Markit. Rich Greenfield, a BTIG analyst, noted there's no evidence that Comcast's 2011 acquisition of NBC led to lower prices. Shares in Time Warner jumped 8% to $89.48 on Friday, when speculation about the proposed deal was first reported. (more...)
United States wants to keep alliance with Philippines: Pentagon chief
- October 24, 2016

At an economic forum Thursday in Beijing , Duterte declared "my separation from the United States. both in military and economics also". The pact, signed by Finance Secretary Carlos G. Despite Duterte's pivot to Beijing , a Philippine poll released Tuesday shows that three-quarters of the Filipinos trust the United States and many of them distrust China. (more...)
British lawmakers press May government for details on breaking from European Union
- October 24, 2016

May stopped short, however, of agreeing a vote for MPs on her plan before she triggers Article 50 of the European Union's Lisbon Treaty, which formally begins the departure process. May's spokesperson said earlier that the prime minister has always believed that Parliament had " an important role to play " in the UK's withdrawal from the EU. (more...)