Markets


Lumber courts controversy with Super Bowl ad Lumber courts controversy with Super Bowl ad
- February 06, 2017

But the original ad showed the mother and daughter blocked by a large wall once they reach the border. People reported that after the release on 84 Lumber's website of the full ad , which is more than five minutes long, traffic to it was so heavy that the site crashed . (more...)
Facebook, Google, Apple, among others, join legal challenge against Trump travel ban
- February 06, 2017

The Justice Department had filed court papers hours earlier seeking an immediate reversal of a ruling Friday against the executive order by U.S. District Judge James Robart of Seattle. AltSchool was the only primarily K-12-focused company to sign the amicus brief . The brief lauded the drive and creativity of America's immigrants and said that while protecting the nation through increased background checks was important, maintaining America's fundamental commitment to welcoming ... (more...)
Now Rent Uber Cabs for 12 hours with UberHIRE Now Rent Uber Cabs for 12 hours with UberHIRE
- February 06, 2017

Uber has heated up its expansion in India, its fastest-growing market, to take the competition to Ola. The concept is new for Uber - it isn't offering such a service anywhere else worldwide - but it isn't new for India. Apurva Dalal , Head of Engineering, Uber India, said, "We are always thinking of ways to enhance the Uber experience". Besides, Ola also has Ola Rentals service that allows you to book an Ola Mini, Prime, SUV or Lux on hourly basis at a starting price of Rs. (more...)
Will Tyson Foods, Inc. (NYSE:TSN) be Surging after Earnings Report? Will Tyson Foods, Inc. (NYSE:TSN) be Surging after Earnings Report?
- February 06, 2017

The original version of this piece can be read at https://www.thecerbatgem.com/2017/02/06/tyson-foods-inc-tsn-updates-fy17-earnings-guidance.html. Pivotal Research downgraded shares of Tyson Foods from a "buy" rating to a "sell" rating and decreased their price objective for the stock from $100.00 to $40.00 in a research note on Friday, October 7th. (more...)
Apple accuses Aussie banks of free-riding, deliberate delays Apple accuses Aussie banks of free-riding, deliberate delays
- February 06, 2017

But the ACCC in November said it wasn't satisfied that the benefits of the effort outweighed the likely detriments to competition. In an ongoing spat over the fees and conditions of use with Apple Pay, the technology giant has applauded the ACCC for its draft decision to refuse to allow Westpac , NAB, CBA, and Bendigo and Adelaide Bank to form a cartel in order to bargain with and boycott Apple on Apple Pay. (more...)
UK Car Registrations Rise In January: SMMT UK Car Registrations Rise In January: SMMT
- February 06, 2017

Vehicle manufacturer's trade body, the SMMT have released figures showing that the United Kingdom new auto market in January 2017 was up 2.9% year-on-year. In what is notoriously one of the quietest months of the year for new auto registrations, it was alternatively fuelled vehicles (AFVs) that made the biggest splash, with demand up 19.9% compared to last year. (more...)
Retail sales for December slip 0.1 percent to $25.61 billion: ABS Retail sales for December slip 0.1 percent to $25.61 billion: ABS
- February 06, 2017

In November, the retail sales had risen 0.1 percent. Trend retail sales growth was stable at 0.3 percent in sequential terms; however, on the year-on-year basis, trend rate dropped to 3.2 percent. That was in line with expectations following the 0.1 percent contraction in the three months prior. The trimmed mean was called at 0.6 percent on month and 2.2 percent on year, up from 0.5 percent on month and 1.4 percent on year a month earlier. (more...)
Two states say allowing travel ban would 'unleash chaos again' Two states say allowing travel ban would 'unleash chaos again'
- February 06, 2017

The San Francisco appeals court has already turned down a Department of Justice request to set aside this temporary block, created to allow the two states time to make their case that the ban is both unconstitutional and harmful to their residents, businesses and universities. (more...)
Drop in fares lead to dip in profits for Ryanair
- February 06, 2017

But it said it remained confident of meeting its profit guidance for its financial year to March 31 of 1.3-1.35 billion euros, which would imply an increase of around 7 per cent on last year. Ancillary revenues were driven by a solid performance in reserved seating, priority boarding, on-board sales and vehicle hire offset by lower travel insurance and hotels penetration. (more...)
Hackers attempted to blackmail David Beckham for £1m Hackers attempted to blackmail David Beckham for £1m
- February 06, 2017

In response, Beckham's representative is vehemently denying the story and its implications. Beckham has been a goodwill ambassador for Unicef since 2005 and in statement a spokesman for the former worldwide football superstar and England captain was quoted as saying: "This story is based on outdated material taken out of context from hacked and doctored private emails, from a third-party server, and gives a deliberately inaccurate picture". (more...)
Qatar Airways launched the world's longest civil flight Qatar Airways launched the world's longest civil flight
- February 06, 2017

Singapore Airlines may regain the top spot when it resumes nonstop flights that will take around 19 hours to NY as soon as next year. Qatar's national carrier is now the official operator of the world's longest commercial flight, following the launch of its new service to Auckland, New Zealand. (more...)
Govt to spend massive Rs 3.96 lakh crore on infrastructure Govt to spend massive Rs 3.96 lakh crore on infrastructure
- February 06, 2017

Finance Minister Arun Jaitley has pointed out over and over how small the tax base in the country is and how it doesn't seem to be commensurate with other indicators from the economy. Sources said that on both occasions, the Lok Sabha met in the morning and was adjourned for a few hours as mark of respect to the departed and the Budget was unveiled in the evening, in line with the schedule. (more...)
Victrex PLC downgraded to Add By Peel Hunt
- February 06, 2017

In an analyst rating update on Monday shares of Victrex PLC (LON:VCT) had their rating downgraded by analysts at Peel Hunt. Shore Capital restated a "buy" rating on shares of Conviviality PLC in a research report on Monday, January 23rd. Solo Oil PLC has a one year low of GBX 0.19 and a one year high of GBX 0.55. The firm has a 50 day moving average of GBX 225.16 and a 200-day moving average of GBX 215.73. (more...)
Cyrus Mistry's ouster from Tata group set to be complete on Monday?
- February 06, 2017

Tata has seen a drop not only in ranking but also in brand value which seems to have fallen from $13.68 billion to $13.11 billion. According to an independent observation , its brand value fell to $13.11 billion (around Rs 88,105.75 crore) from $13.68 billion (approximately Rs 91,936.44 crore) following "the row between Tata Sons and its former chairperson Cyrus Mistry, who was ousted from the post a year ago". (more...)
Big Tech Companies to File Amicus Brief in Immigration Travel Case Big Tech Companies to File Amicus Brief in Immigration Travel Case
- February 06, 2017

Legal challenges to President Trump's travel ban are flying in thick and fast. Some of the top tech companies including names like Apple, Facebook, Twitter, MicrosoftMicrosoft and others have filed an amicus brief with the federal appeals court against the President Trump's executive order banning immigrants from seven countries, as first reported by Bloomberg . (more...)
Mattis: Iran the 'biggest state sponsor of terrorism'
- February 06, 2017

Iran insists its missile test was only for defensive purposes and not a violation of the U.N. Security Council 2231 resolution or the nuclear deal with Western powers. Trump asserted yesterday that 'Iran has been formally warned for Launching a ballistic missile. He also hinted at military action, saying " nothing is off the table " in regards to Iran. (more...)
Trump's Rollback Of Dodd-Frank Sets The Stage For New Financial Crisis
- February 06, 2017

The executive order directs the Department of Treasury to consult with regulatory agencies and report to the president about what could be done to eliminate what the administration considers "overreaching" aspects of Dodd-Frank affecting Wall Street, reported. (more...)
U.S. district court judge blocks Trump's travel ban
- February 06, 2017

With increasing mistrust of America and Americans, and fear for personal safety, fewer Indonesians will pursue opportunities to study or work in the United States, go there on holiday, or even strike up conversations with Americans who are visiting Indonesia. (more...)
Airbnb Super Bowl Commercial 2017 - All About Acceptance Airbnb Super Bowl Commercial 2017 - All About Acceptance
- February 06, 2017

The spot was one of the Top 10 Most Recalled Super Bowl ads according to Nielsen IAG data, and was described by AdAge as an ad that "will generate, by far, the biggest ROI of the Super Bowl". "This is a policy I profoundly disagree with, and it is a direct obstacle to our mission at Airbnb ", Chesky wrote on January 29. On Twitter, Chesky, the CEO of Airbnb , said the company would also contribute $4 million over the next four years to the International Rescue Committee , a relief ... (more...)
England finish as silver medalists in Sydney following defeat to South Africa England finish as silver medalists in Sydney following defeat to South Africa
- February 06, 2017

We have a very good group of 12 where everyone contributes. "The players are disappointed with the final but we have to look at the positives - we are now second in the World Series standings and it is exciting that we can still be a lot better and have plenty to work on". (more...)

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