Markets


Big iPhone changes not coming until 2017, WSJ report says Big iPhone changes not coming until 2017, WSJ report says
- June 22, 2016

Apple typically completely switches up the design of the iPhone every two years, but apparently, the company is changing that to three years this time around. One of the biggest names when it comes to the world of technology, Apple has been bringing forward several changes in the way the markets function. (more...)
PG&E won't seek renewal for Diablo Canyon Power Plant
- June 22, 2016

Diablo Canyon, California's last working nuclear reactor, will close by 2025 - and unlike the state's other shuttered nuclear reactor, it's not going to be replaced by any new fossil fuel-fired power plants. The plant, which sits on a seaside cliff near Avila Beach, has been a safety concern since its construction as it is just three miles the Hosgri Fault. (more...)
Lewandowski Allegedly Withheld Staffer's Paychecks In Personal Dispute
- June 22, 2016

But it is important for each of them to have a lot of their own money to spend on ads of their own and campaigning efforts across the country's 50 states. Trump raised just $3 million in May. Wealthy political candidates in the past, including New York Mayor Michael Bloomberg and presidential contender Steve Forbes both walled off their campaigns from the companies bearing their names. (more...)
Microsoft Buys LinkedIn For Record Setting Deal Microsoft Buys LinkedIn For Record Setting Deal
- June 22, 2016

It will keep its name, and current CEO Jeff Weiner will stay on and report directly to Microsoft CEO Satya Nadella. LinkedIn started out in the living room of co-founder Hoffman in 2002 and was officially launched on May 5 in 2003. And the Microsoft's stock was down by 3.2 percent. The deal of acquisition has already been approved unanimously by both the boards. "We are joining forces with Microsoft to realize a common mission to empower people and organizations", a post on ... (more...)
Raghuram Rajan Resigns From Reserve Bank of India, Will Return to Academia
- June 22, 2016

Warning that a move to a sustained low-inflationary regime demands hard and painful adjustments in short run, he said the rewards too are many, such as cheaper money for individuals and corporations as well as for the government. Rajan also said there's no trade-off between inflation and growth in the long run. He warned India to be "very wary of economists who say you can have it all if only you try something out of the box". (more...)
Porsche win Le Mans in the final minutes
- June 22, 2016

Mark Webber's hopes of victory took a hit when the #1 Porsche was called in to fix a light panel on the vehicle during the night, before a cooling system problem saw it back in the garage soon after. All three contenders had kept up a relentless pace through the night and into the last phase of the race before the second Toyota lost time to have bodywork repaired. (more...)
Trump Fires His Campaign Manager In Dramatic Shake-Up
- June 22, 2016

On Tuesday, a day after Corey Lewandowski was sacked from the Donald Trump presidential campaign, Trump spoke by phone with Matt Lauer and Savannah Guthrie of The Today Show . "In mid-May, I ran into and witnessed a scene between Corey Lewandowski and other members of the campaign that I shouldn't have", Caputo said. "We're going in a different direction", Trump said on NBC's Today show. (more...)
Hedge fund Visium's Valvani found dead - CNBC, citing DJ
- June 22, 2016

The charges were announced by Manhattan U.S. Attorney Preet Bharara, who has overseen a series of insider trading prosecutions that have resulted in 107 people being charged and 81 being convicted since 2009. The spokesman declined to say what the note said, nor how Valvani died. Valvani had pled not guilty to five counts that included securities fraud, wire fraud and conspiracy. (more...)
Foreign direct investment gets 100 per cent Modi boost
- June 21, 2016

Commerce and industry minister Nirmala Sitharaman said the decisions would help in attracting more investments, creating jobs and making India the global manufacturing hub. This will be a beneficial and long-term move for India as it is majorly dependent on imports of defence equipment. He wants 70 per cent of hardware to be manufactured domestically by the turn of the decade. (more...)
Draymond Green blames himself for Warriors loss
- June 21, 2016

It hurts right now. "But it happened. Move on from it. I learned from it, and I'll be better". But the Cavs immediately worked their offense to expose Ezeli in isolation against James on the perimeter - a predictable result given what we saw this series. (more...)
All eyes on Federal Reserve decision at 2 pm
- June 21, 2016

She went on to add that a Brexit outcome "could have consequences for the U.S. economic outlook". But in an indication they don't yet have deep concerns about job growth, Fed policymakers on Wednesday still forecast two small rate increases this year. (more...)
Divided Senate hits gridlock on guns
- June 21, 2016

All four bills were rejected despite a survey revealing around 90 percent of United States citizens support the reforms. Charles Grassley (R-Iowa), that would increase money for the background check system, prod states to send more records on banned gun buyers to the Federal Bureau of Investigation, and revamp language prohibiting some people with mental health issues from buying a gun. (more...)
German prosecutors open investigation of former VW CEO
- June 21, 2016

The investigation was brought forward by Germany's financial regulator BaFin, which looks into criminal complaints brought forward by individuals and organizations and then decides whether there is enough evidence for a formal investigation. (more...)
Microsoft pays £18bn in takeover of LinkedIn Microsoft pays £18bn in takeover of LinkedIn
- June 20, 2016

Weiner will remain CEO of an independent LinkedIn , reporting to Microsoft CEO Satya Nadella. The companies expect the deal to close this year. This is Nadella's first big acquisition since he took over the top job more than two years ago. (more...)
Senators vote down last-ditch effort to amend assisted dying bill
- June 20, 2016

Only those Canadians whose "natural death is reasonably foreseeable" and who are in an "advanced state of irreversible decline" will be eligible for physician-assisted deaths, leaving patients with conditions like ALS, Huntington's disease, and dementia without rightful access, said Shanaaz Gokool, CEO of Dying With Dignity Canada. (more...)
Microsoft to buy LinkedIn in deal worth $26.2 billion Microsoft to buy LinkedIn in deal worth $26.2 billion
- June 20, 2016

The software giant will pay $196 a share - a premium of nearly 50% to Friday's closing share price, but was still well below the social media company's all-time high of $270. LinkedIn lets members network with other professionals, upload their resumes, catch up on career advice and search for jobs. According to CNBC , Moody's Investors Service placed Microsoft's "AAA" rating under review for downgrade, following announcement of the deal. (more...)
Brexit boost - polls show Leave lead a week before European Union referendum
- June 20, 2016

It is also the first time Leave has lead the respected poll, commissioned by the Evening Standard newspaper. Traders were also waiting retail sales data (0830 GMT) and a Bank of England policy statement due at noon in London (1100 GMT). (more...)
Microsoft to buy LinkedIn for $26.2 bn
- June 20, 2016

Many folks might not like Mondays, but LinkedIn founder Reid Hoffman is probably not one of them. In a statement to LinkedIn employees, Weiner said "little is expected to change" and employees will have the same titles and managers.He also told the employees that "In terms of everything else, it should be business as usual. (more...)
Cameron warns 'leave' leader wants to divide — UK's European Union vote Cameron warns 'leave' leader wants to divide — UK's European Union vote
- June 20, 2016

Farage did not apologize for the provocative image, but he conceded that the Cox killing, which he called an act of terrorism, may have blunted the "leave" campaign's momentum at a key moment just days before the vote. He said: "I am pro-migration but I believe that the way in which we secure public support for the continued benefits that migration brings and the way in which we secure public support for helping refugees in need is if people feel they can control the numbers overall coming ... (more...)
Microsoft's acquisition of LinkedIn is company's largest ever purchase
- June 20, 2016

LinkedIn isn't an obvious fit in the ongoing restructuring, but gives Microsoft the biggest global social network for professional that's used by job seekers, recruiters and human resources teams. The companies were quick to state that LinkedIn wasn't facing radical change, saying in the statement that the website "will retain its distinct brand, culture and independence", with Weiner remaining CEO. (more...)

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