Markets


Buffett's Berkshire invested $1 billion in Apple Buffett's Berkshire invested $1 billion in Apple
- May 20, 2016

Berkshire revealed the new Apple investment Monday in a filing with the Securities and Exchange Commission detailing a number of changes to its $129 billion portfolio. The new products were not met with as much excitement from consumers as 2014 models. The earnings parade picks up briskly Tuesday with results from home improvement retailer Home Depot, with fellow retailers Lowe's, Target, Walmart, Gap and FootLocker reporting later in the week. (more...)
Warren Buffett's Berkshire Hathaway reveals US$1bn stake in Apple
- May 20, 2016

The investment could have been made by one of Buffett's deputies, Todd Combs or Ted Weschler. Buffett's Berkshire Hathaway and Gilbert have enlisted as advisers two former Yahoo execs - Dan Rosensweig, now CEO of Chegg, and Tim Cadogan, chairman and CEO of the online-advertising company OpenX Technologies - Recode reported . (more...)
More IL Kids Exposed to E-Cigarettes
- May 20, 2016

Philip Morris International, British American Tobacco , Imperial Tobacco and Japan Tobacco International had challenged the legality of the "standardised packaging" regulations - due to come into force on Friday. "They have spent millions of pounds lobbying politicians to delay this measure because they know it will work". The campaign asks the public to support a simple solution to the problem - making the tobacco industry pay for public health services and mass media quit campaigns to ... (more...)
PornHub launches BangFit so you can bang to get fit PornHub launches BangFit so you can bang to get fit
- May 20, 2016

Then BangFit will begin to show a user various sex positions which are due to be mimicked. First you select the number of players (you have the choice of one, two or three) and gender and then synch the website game with your smartphone. (more...)
Donald Trump addresses bimbo comments in joust with Megyn Kelly
- May 20, 2016

She asked him if he has any regrets. "I've been saying this whole campaign that I'm a counter-puncher", said the presumptive GOP nominee. "Over your life, Megyn, you've been called a lot worse". "I thought [I had asked] a fair question" about his long history of sexist comments . Trump replied the next day that Kelly had "blood coming out of her wherever". (more...)
Elon Musk, sleeping bags and Tesla promises Elon Musk, sleeping bags and Tesla promises
- May 20, 2016

Tesla's CEO Elon Musk said on Wednesday during the company's earnings call that Tesla will likely miss the first Model 3 production deadline. Musk's company reported its first quarter results on Monday, and while it logged a net loss for the beginning of 2016, experts say that such growing pains are to be expected, and that Tesla's cars are "close to ideal". (more...)
Buffett's Berkshire invests in Apple
- May 20, 2016

Apple has been under pressure after reporting recently that sales of the iPhone had fallen for the first time while it also said quarterly revenues had slipped - for the first time in 13 years. "The stock is stunningly cheap, and it has a massive pile of cash", Steve Wallman, the founder of Wallman Investment Counsel who has owned Berkshire shares since 1982 and Apple shares since 2003, told Reuters. (more...)
Saudi Aramco Says Its Oil Output Trending Slightly Upwards
- May 19, 2016

Nasser said . Proceeds from the sale will contribute to creating the biggest government investment fund in the world, with a value of $2 trillion, whose profits can provide an alternative to plunging oil revenues. "We are putting 250,000 barrels (per day) on stream" at the field in the east. "There will be a requirement for major producers" to increase output in line with "the prospect of additional demand", he said. (more...)
United Kingdom court rejects Big Tobacco's appeal against plain packaging
- May 19, 2016

The case was heard in December , but in a ruling on Thursday, Justice Green dismissed all ground of challenge. The directive also allowed the United Kingdom to go further and introduce its own regulations requiring all tobacco packaging to be uniformly olive green with large images created to act as health warnings. (more...)
Philippine economy grows 6.9 percent in first quarter Philippine economy grows 6.9 percent in first quarter
- May 19, 2016

With the revision for the fourth quarter, the 2015 full year growth now stands at 5.9% from the previous 5.8%. The first quarter gross domestic product (GDP) growth improves on the 5.0% registered in the same period a year ago. First quarter growth was driven by the services sector, which grew 7.9 percent and industry, which recorded its highest growth in five consecutive quarters at 8.7 percent, officials said. (more...)
Music to our ears: Apple is fixing the iTunes problems Music to our ears: Apple is fixing the iTunes problems
- May 19, 2016

For users that were experiencing screen freezes after the 10.11.4 update , they will be disappointed to know the new update does not rectify this issue and users using the 10.11.5 beta version are still experiencing this issue. While some of the deleted music could easily be played on Apple Music , some of it was Pinkstone's own work, which he said was uploaded to Apple Music's database. (more...)
Israeli PM Netanyahu and opposition chief Isaac Herzog negotiating for unity government
- May 19, 2016

French officials said Sunday they will continue to press ahead with plans to host a multilateral Middle East peace conference later this year, despite hearing, in blunt language, that Israel doesn't really like the idea. Washington has expressed no support for it publicly and has not yet said whether it will send a representative. Paris is to host an worldwide meeting of 20 countries, including Egypt, Saudi Arabia and Jordan on May 30, to discuss the peace process. (more...)
Foxes first for Leicester's England duo Vardy and Drinkwater
- May 19, 2016

Hodgson has also refused to give any guarantees over the selection of skipper Wayne Rooney, whose role as a central attacker is under threat from Harry Kane and Jamie Vardy - the duo netted 49 Premier League goals between them this term. Rashford's inclusion ahead of the speedster shows how far down the pecking order Walcott has fallen. I'm just going to train how I usually train and work really hard and if I'm in the 23 I'm in the 23. (more...)
Tesla Model 3 Production Deadline Impossible As Two Execs Depart
- May 19, 2016

Tesla did report a net loss in the first quarter, but is on track to deliver around 90,000 electric vehicles this year. Revenue rose to $1.15 billion (1 billion euros) from $939.9 million. Model X will be in all Tesla stores by the year's end, according to Tesla. Tesla also reported a first quarter loss of US$282.3m, wider than last year's loss of US$154.2m. (more...)
Office Depot Inc (ODP) Shares Still Have Over 18% Upside Potential Office Depot Inc (ODP) Shares Still Have Over 18% Upside Potential
- May 19, 2016

Office Depot Inc (NASDAQ: ODP ) traded down -3.15% during trading on Friday, hitting $3.52. The Company's price to sales (P/S) ratio for last one year was reported as 0.43 and its price to book ratio for the most recent quarter was 2.59. Joseph G. Doody holds 465,026 (0.07% of shares outstanding). Sales in North America plunged 5.2% to $2.25 billion. Per the merger agreement, Staples will compensate Office Depot with $250 million as merger break-up fee. (more...)
TSA turmoil: Why the long lines? TSA turmoil: Why the long lines?
- May 19, 2016

Over the weekend, that window was extended to three hours or more after a nightmare of delays at Chicago's O'Hare International Airport. More cases of long security lines at several airports across the country mean passengers using Baltimore/Washington International Airport need to build in more time to clear security as the summer travel season approaches. (more...)
Amazon plans to open more retail stores Amazon plans to open more retail stores
- May 19, 2016

Separately, Amazon has announced that its Prime customers in Dallas and Manhattan can opt for free one-hour delivery from local restaurants. Mr. Bezos, who was speaking at Amazon's annual meeting for shareholders, held court over a mostly friendly crowd of about 100 that also included employees and news media. (more...)
Sony 2014 breach linked to $81m Bangladesh Bank cyber heist
- May 18, 2016

SWIFT, which is partly owned and run by the world's largest banks, has been used since the 1970s. " At the end of the day we weren't breached, it was from our perspective a customer fraud ", Leibbrandt said at a financial conference in Frankfurt. (more...)
US stocks gain in morning trading as crude oil rises
- May 18, 2016

Federal Reserve will raise interest rates in June. The Standard & Poor's 500 index rose 20 points, or 1 percent, to 2,066. The S&P 500 rose 20.05 points, or 1 percent, to 2,066.66. EUROPE'S DAY: Britain's FTSE 100 was flat and the CAC-40 in France dropped 0.5%. While the labor market has gained strength, inflation has stubbornly remained below the Fed's 2 percent target. (more...)
SpiceJet offering seat@Rs.511: The three day ticket sale begins today! SpiceJet offering seat@Rs.511: The three day ticket sale begins today!
- May 18, 2016

SpiceJet said limited number of discounted tickets are available on a first-come, first-serve basis. To mark its 11th anniversary, SpiceJet today announced a three day Rs 511 ticket offer on certain domestic sectors. The discounted tickets will also be available for booking through other online ticket-boooking portals and through travel agents, the company's website said. (more...)

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