Markets


Twitter said to plan 300 more job cuts this week Twitter said to plan 300 more job cuts this week
- October 25, 2016

The social media platform will lose around 8 percent of its total workforce of 3,860 employees, nearly the same percentage as it lost previous year when cofounder Jack Dorsey took the reins as chief executive. and Alphabet Inc., backed out later from bidding. However, it could simply be a case of Twitter rescheduling to avoid clashing with other earnings announcements on the day, including reports from Amazon and Google. (more...)
The Queen joins in the messages of condolence following King Bhumibol's death The Queen joins in the messages of condolence following King Bhumibol's death
- October 25, 2016

The king's body is being moved from Siriraj Hospital to the Temple of the Emerald Buddha in the Grand Palace. The death Thursday of Thailand's revered King Bhumibol Adulyadej has plunged this Southeast Asian nation into an unprecedented period of mourning like nothing it has ever seen, and it's likely to stay that way for some time. (more...)
AT&T, Time Warner CEOs Discuss Merger, Why Talks With Apple Failed AT&T, Time Warner CEOs Discuss Merger, Why Talks With Apple Failed
- October 25, 2016

Judging from some media commentary and lots of Twitter activity, though, some Americans are conflating TW and TWC, and AT&T is trying to set the record straight before consumers begin to complain too loudly - and incorrectly - that the phone company is trying to monopolize the delivery of TV. (more...)
Canada trade deal 'still possible' amid hopes of solution to Belgian resistance
- October 25, 2016

International Trade Minister Chrystia Freeland insisted CETA is not dead, saying Canada is willing to sign if the opposition in Belgian can be overcome. On Monday morning, the parliament's speaker Andre Antoine said Wallonia was faced with a "marmalade of texts" and needed time to assess their legal value. (more...)
Almost 10000 soldiers ordered to repay enlistment bonuses
- October 25, 2016

According to the Los Angeles Times , the California Guard has told 9,700 current and retired soldiers to repay some or all of their bonuses. San Diego-area lawmakers and Democratic presidential nominee Hillary Clinton Monday slammed an effort by the Pentagon to reclaim enlistment bonuses paid to around 10,000 California National Guard personnel. (more...)
Trump brand loses luster with affluent Trump brand loses luster with affluent
- October 25, 2016

Donald Trump's self-inflicted wounds threaten not only his White House chances but his business empire's core asset: his name. "This is the beginning of the end for Donald Trump , not only for his run for the presidency but his brand, his properties, his businesses", billionaire media mogul Mark Cuban, a supporter of Democrat Hillary Clinton , said in a television appearance this month. (more...)
Iowa Capitol Digest: Branstad calls for stronger distracted driving laws Iowa Capitol Digest: Branstad calls for stronger distracted driving laws
- October 25, 2016

According to The Gazette in Cedar Rapids, four counties in Iowa have approved minimum wage hikes. The governor said state leaders need to look at what neighboring states are doing, and what is competitive. Branstad called that a "challenge and hard for many businesses". "There are already some legal questions about whether the counties have this authority". (more...)
Iraqi forces storm Christian town near Mosul Iraqi forces storm Christian town near Mosul
- October 25, 2016

Iraqi special forces shelled militant positions before dawn near Bartella, a historically Christian town east of Mosul that they had retaken last week. Sky News has filmed the damage inside a Christian town near the key Islamic State-held city of Mosul after it was liberated by Iraqi forces. US military officials say the peshmerga will stop their advance about 20 miles (30 kilometers) outside of Mosul and hold that territory to ensure the militants don't regroup. (more...)
Palm Springs bus crash that left 13 dead being investigated
- October 25, 2016

The Riverside County coroner's bureau on Monday identified most of the 13 people killed in the crash. Emergency responders used tow trucks and a crane to lift the trailer to provide easier access to the bus, whose front end was demolished. "We may not be able to determine exactly why the accident occurred because the driver has been killed". Investigators are looking into whether alcohol, drugs or fatigue played a role. (more...)
AT&T-Time Warner Deal Could Hurt Choice (T, TWX) AT&T-Time Warner Deal Could Hurt Choice (T, TWX)
- October 25, 2016

But the concern is that anything AT&T might do to make its broadband service stand out by tying it to Time Warner's programs and films could hurt consumers overall. McAtee blogged that the deal would be a revolution in video distribution. Regulators would have to sign off on the deal. He described the deal as a danger to the democracy as it would lead to "too much concentration of power in the hands of very few". (more...)
European Central Bank stays quiet about future policy
- October 25, 2016

Along with denying any discussion of extending QE, Draghi also categorically said that the council has not discussed tapering QE - essentially a gradual phasing out of its bond-buying programme before it officially comes to an end in March - saying "We haven't discussed that". (more...)
Qld Rail rolls out scaled-back timetable Qld Rail rolls out scaled-back timetable
- October 25, 2016

South-east Queensland rail commuters have been urged to check on their services as a interim timetable, created to cope with a controversially unforeseen driver shortage, comes into force on Tuesday. Premier Annastacia Palaszczuk has promised her government will review the new schedule and last week's debacle. "We saw the recruitment process commence previous year of a further 100 drivers and a further 100 guards and these extra resources today are to further supplement that process", he said. (more...)
Samsung Electronics Limited Looks To LG Chem For Battery
- October 25, 2016

Samsung and LG have usually kept their distance in terms of components as both companies make high-quality components. Samsung has been catching a lot of heat recently after the company chose to discontinue its flagship Note 7 phone in lieu of numerous reports of exploding devices. (more...)
Obama reads mean tweets as part of Jimmy Kimmel show
- October 25, 2016

Obama explained, "I have a phone right by my bedside, and every morning somebody calls and says, 'Mr". Obama appeared on the show on March 12, 2015, when he faced light-hearted questioning on subjects such as visitors from space and whether he goes to the White House kitchen in the middle of the night in his underwear. (more...)
Wal-Mart Stores, Inc. 6.8% Potential Upside Now Implied by Piper Jaffray Wal-Mart Stores, Inc. 6.8% Potential Upside Now Implied by Piper Jaffray
- October 25, 2016

The stock has relative volume of 0.93. Wal-Mart Stores closed down -0.39 points or -0.57% at $68.34 with 78,44,583 shares getting traded on Friday. It has underperformed by 3.82% the S&P500. "Declares a Price War (WMT)" on October 19, 2016. On Oct. 7, 2016 CBS Corporation (CBS ) announced that its radio business, CBS Radio Inc. Bank of America Corp. (more...)
Years to know gains from fiscal plan: Poloz Years to know gains from fiscal plan: Poloz
- October 25, 2016

However, it will stop using its current measure of core inflation and replace it with three new ways of determining the underlying level of inflation in the economy. While the central bank said it would continue to take financial stability into account, it concluded that government policies are better suited to address concerns such as rising household debt levels. (more...)
Company reminds Galaxy S7 owners their devices are safe — Samsung FIRE WARNING
- October 25, 2016

Samsung on Friday said the crisis over its exploding Note 7 smart phones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The South Korean has sent out notifications to Galaxy S7 owners, reassuring them that their devices are not susceptible to the issues that caused Galaxy Note 7 phones to erupt into flames. (more...)
US DOT Bans Samsung Galaxy Note 7 Phones From Planes US DOT Bans Samsung Galaxy Note 7 Phones From Planes
- October 25, 2016

Under an emergency USA order that significantly expands restrictions on the Note 7 devices, airline passengers who try to bring Note 7 smartphones on U.S. Samsung and the U.S. Consumer Product Safety Commission has issued two recalls for the devices, and Samsung suspended production and sale of the phone on October 11. (more...)
Death toll in Cameroon train derailment rises to 55
- October 25, 2016

Bodies are strewn along the tracks. "President Paul Biya has declared Monday, 10/24/2016 as a day of national mourning". "My heartfelt condolences to the bereaved families of the #CAMRAIL train derailment in #Eseka", Biya wrote on his Facebook page Saturday . (more...)
TCU Horned Frogs Travel to Undefeated West Virginia TCU Horned Frogs Travel to Undefeated West Virginia
- October 25, 2016

He was recruited by the Horned Frogs from Iowa Western C.C. (Council Bluffs, IA) and committed to the Big 12 program in May 2015. The Mountaineers can pound the ball, They have fleet-footed threats in Justin Crawford and Kennedy McKoy. This season, West Virginia is 3-2-1 against the spread . "It was kind of part of something we talked about at halftime", said Holgorsen, whose team led, 21-10, at the break. (more...)

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