Markets


Green Square Capital buys $5017868 stake in Exxon Mobil Corporation (XOM) Green Square Capital buys $5017868 stake in Exxon Mobil Corporation (XOM)
- August 04, 2016

On a closer look, however, one can observe that Exxon's results were not as bad as the market reacted. With this, Exxon is speculated to face more headwinds and losses in the second half of this year. Chevron dropped 2.3% to $102.47. Exxon's downstream division had served a nice buffer against negative upstream earnings in recent quarters but the huge increase in inventories has lead to softer earnings at present. (more...)
Bill Bratton to Resign from NYPD
- August 04, 2016

William Bratton's resignation was announced Tuesday after his second stint as New York's police commissioner, but he's leaving behind a legacy of crime fighting that has radically changed life in the city. But Bratton's tenure was marred by controversy. Basically, Bratton gave de Blasio credibility with the city's political center. Sources tell Dow Jones and Politico NY that Mayor de Blasio will announce the resignation later on Tuesday. (more...)
United States telecom giant buys Yahoo, for 4.83 billion United States telecom giant buys Yahoo, for 4.83 billion
- August 04, 2016

Yahoo! Inc agreed to sell its main web businesses to Verizon Communications Inc for US$4.8bil, ending a two-decade run as an independent company that took it from Stanford University startup at the dawn of the Internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc. (more...)
Walker outduels Day on back nine to win PGA title Walker outduels Day on back nine to win PGA title
- August 04, 2016

But not yet. It takes more than one Major title on a CV to be considered the dominant player. Day's brilliant eagle on 18 brought him to within one stroke of Walker and definitely made the conclusion of the PGA Championship exciting. Secondly, he did it with a caddie - Andy Sanders, who by a quirk of fate he first met at Baltusrol when both were competing in the US Amateur at Baltusrol in 2000 - who, stricken with multiple sclerosis, provides a very human touch to the accomplishment. (more...)
Oil prices up in Asia but oversupply worries weigh
- August 03, 2016

Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, Wednesday amid expectations for a drop of 1.4 million barrels. The market sentiment is very negative and any data which shows a larger than expected drawdown, both in the crude oil and gasoline stocks will likely lead to a bout of short covering from the current levels. (more...)
Syrian opposition groups condemn US-coalition airstrikes after 140 civilians killed
- August 03, 2016

Ultimatum by US-backed forces comes days after coalition strikes allegedly killed 56 civilians in the northern city. ERBIL, Kurdistan Region-After a brief break in fighting in Manbij, clashes resumed Friday morning between Syrian Democratic Forces (SDF) and Islamic State (ISIS) militants, killing at least eight ISIS members. (more...)
Major cyber hack sees bitcoin value plunge Major cyber hack sees bitcoin value plunge
- August 03, 2016

A bitcoin was trading at $527.25 at the time of this report, although the price was falling as news of the hack spread. We are undertaking a review to determine which users have been affected by the breach. The exchange suffered a security incident last May, when its hot wallet - a wallet containing bitcoin funds connected to the Internet - was targeted. (more...)
Tesla Motors takes US$2,6bn shine to SolarCity Corp Tesla Motors takes US$2,6bn shine to SolarCity Corp
- August 03, 2016

The deal "showed Cramer that Musk isn't playing for this year or even next year". To Musk, the next logical step is to not just switch from gasoline to electricity but to find a way to let consumers both clean up the energy grid and, where possible, cut the cord entirely by switching to alternative power sources - preferably SolarCity's solar panels, it would seem. (more...)
Trump Refuses to Endorse Ryan, McCain for Re-election
- August 03, 2016

Republican presidential candidate Donald Trump speaks during a town hall campaign event in in Columbus, Ohio. Republican Chris Christie, a Trump ally once viewed by Trump as a potential running mate, joined the fray on Tuesday, calling criticisms of the Khan family "inappropriate". (more...)
Crews boost control over central California fire
- August 03, 2016

About 800 firefighters remained on the lines Tuesday evening as winds picked up to 15 miles per hour. The outlook for fires in the most populous USA state is not promising for now. Winds are forecast later in the day. They were aided by air tankers and helicopters. In southwest Wyoming, a fire that has burned about 2 square miles near the Utah border is now 36 percent contained. (more...)
Harry Potter and the Cursed Child beats records
- August 03, 2016

Kinjal Shah said, "We did the poll to understand the kind of impact Harry Potter has had in India in the run up to the launch of the eighth book". Many critics argue the social effects of the " Harry Potter " books are overblown and that readers, in fact, do not graduate to explore other works. (more...)
Corbyn launches leadership bid with promise to tackle discrimination
- August 03, 2016

Corbyn aides insisted that he was merely outlining Labour's current policy, which allows local parties to trigger a reselection contest if they want their MP to face competition before being chosen to stand at a general election. "I think that is going to be impossible within the single market". "He just wants to control the Labour Party". He told Sky News he made the offer to the beleaguered leader in talks following the mass resignations of the shadow cabinet in an attempt to "resolve ... (more...)
Uber Concedes China To Didi, Merges to Create $35 Billion Company
- August 03, 2016

Chinese ride sharing company Didi Chuxing is merging with Uber China under a $ 35 billion deal that will see the rivals - worth $28 billion and $7 billion, respectively - join forces . Women holding their smartphones show the ride-hailing apps Uber Technology Ltd., left, and Didi Chuxing at a residential compound in Beijing , Monday, Aug. (more...)
Labour Rebel MPs Plan to Elect Own Leader if Corbyn Gets Re-Elected
- August 03, 2016

After reports dissenting MPs are preparing to elect their own leader and launch a legal challenge for the party's name and assets if Owen Smith fails to win the top job, Mr Corbyn insisted they would never be able to take the Labour name. (more...)
Verizon to buy Yahoo's core business
- August 03, 2016

She added that the agreement is "an exceptional outcome for Yahoo shareholders " and that Verizon was chosen because it "believed in our vision the most". Marketers could be drawn by Verizon's ability to know where its phone users are, but that might apply only to Verizon's customers - not to other Yahoo users around the world. (more...)
Obama to cite progress on veterans' issues in Monday speech Obama to cite progress on veterans' issues in Monday speech
- August 03, 2016

The only public event on his schedule is an address to the 95th National Convention of Disabled American Veterans at the Hyatt Regency in downtown Atlanta. 1 problem - its widespread and pervasive lack of accountability", Miller said in a statement. And he said the country needed to do more to help economically struggling veterans. (more...)
Uber Cries Shu Shu, Cedes To Investor Pressure In China Uber Cries Shu Shu, Cedes To Investor Pressure In China
- August 03, 2016

Elsewhere, Fortune reports that Uber is investing US500mln to develop its own mapping software, a bid to reduce reliance upon Google's map service (Frtune). Business experts are asking how long companies can sustain the model of making deliberately making losses in the hope of future gains or drawing new investors. (more...)
Transformers: The Last Knight First Poster Transformers: The Last Knight First Poster
- August 02, 2016

And we can't help wondering if they're one and the same. So we'll have to wait and see. Mark Wahlberg is back, reprising his role of Cade Yeager from " Transformers: Age of Extinction , ' with Josh Duhamel and Tyrese Gibson from the first three films, returning as Lieutenant Colonel William Lennox and Air Force Chief Master Sergeant Robert Epps, respectively". (more...)
Facebook Rides Mobile-Ad Surge Facebook Rides Mobile-Ad Surge
- August 02, 2016

Facebook now counts 1.71 billion monthly active users, up 15 percent from a year ago. That's up from 1.65 million, its last reported number. Mobile-only MAUs are defined as users who accessed Facebook exclusively through mobile apps or mobile versions of our website, or used our Messenger app, in the last 30 days of the given quarter. (more...)
Yahoo To Be Sold To Verizon For $4.8 Billion
- August 02, 2016

Most importantly, Mayer stated that she plans on staying with Yahoo after the merger. "We counteracted numerous tectonic shifts of declining legacy business, and build a Yahoo that is unequivocally stronger, nimbler and more modern", said Ms. (more...)