Markets


Intel to acquire Mobileye for $15.3bn, looks at automotive leadership Intel to acquire Mobileye for $15.3bn, looks at automotive leadership
- March 14, 2017

In fact, they conducted a series of tests with 40 BMW cars concerning self-driving mechanisms using technologies from both companies past year. On Monday morning, Intel gave the chip industry a jolt by announcing that it's buying Mobileye for $63.54 per share, or $14.7 billion after factoring in Mobileye's net cash. (more...)
US Attorney Preet Bharara Has Been Fired After Refusing to Resign US Attorney Preet Bharara Has Been Fired After Refusing to Resign
- March 14, 2017

Democrats are criticizing President Donald Trump for firing U.S. Attorney Preet Bharara, saying it is a further window into the character of Mr. Trump and an effort to sideline critical voices in the judicial branch. "Today, I was sacked from my position as U.S. Attorney for the Southern District of NY". In November, Bharara met at Trump Tower with the president and several of his advisers, including Trump's son-in-law, Jared Kushner, and his chief strategist, Stephen Bannon, according to ... (more...)
Heinz Turned Don Draper's Mad Men Pitch Into a Real Ad Heinz Turned Don Draper's Mad Men Pitch Into a Real Ad
- March 14, 2017

The unimpressed Heinz executives on the show put it a different way: "It feels like half an ad". "Even though Don Draper created the "Pass the Heinz" campaign nearly 50 years ago, the communications still really work in today's world", Heinz brand director Nicole Kulwicki told AdFreak. (more...)
China industrial output expands 6.3 pct for Jan.-Feb China industrial output expands 6.3 pct for Jan.-Feb
- March 14, 2017

China's steel mills are churning out as much metal as possible, enjoying their best profits in years, even as they worry that a year-long rally in prices in the world's top steelmaking market is running out of steam, executives said. However, rapid investment growth to boost the economy "will be hard to sustain given clear signals that the fiscal and monetary policy stance will be less supportive this year", Julian Evans-Pritchard of Capital Economics said in a note. (more...)
Toshiba shares tumble on reported delay in earnings Toshiba shares tumble on reported delay in earnings
- March 14, 2017

According to Toshiba's morning announcement about the delay, the company needs further investigation on whether "inappropriate pressures" were exerted by senior managers regarding Westinghouse's acquisition of a US nuclear service company, which resulted in huge losses for Toshiba. (more...)
Pennsylvania Real Estate Investment Trust (NYSE:PEI) Fell -1.42% Pennsylvania Real Estate Investment Trust (NYSE:PEI) Fell -1.42%
- March 14, 2017

Finally, Breton Hill Capital Ltd. raised its position in shares of Investors Real Estate Trust by 48.7% in the third quarter. Washington Real Estate Investment Trust ( NYSE:WRE ) opened at 30.54 on Friday. "Cominar Real Estate Investment Trust (CUF.UN) Given Consensus Recommendation of "Hold" by Brokerages" was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. (more...)
Intel to acquire Mobileye for $15 billion Intel to acquire Mobileye for $15 billion
- March 14, 2017

The deal will also help Intel with the drone space, thanks to Mobileye creating chips and systems that aid a vehicle in navigating easily, as well as give collision warnings. Tesla's Model S, for example, uses Mobileye to power its autopilot mode. Mobileye is a tech company specialized in the development of driverless vehicles, and this could mean a considerable expansion for Intel . (more...)
Futures flat as investors prepare for rate hike Futures flat as investors prepare for rate hike
- March 14, 2017

The annual unemployment rate for post-9/11 veterans was 5.1 percent past year, the lowest on record for the youngest generation of veterans. The unseasonably warm winter through much of the country probably helped boost hiring; the construction sector bulked up by 58,000 jobs, the most in a decade. (more...)
With just 90 votes, Irom Sharmila's struggle against AFSPA reaches dead end With just 90 votes, Irom Sharmila's struggle against AFSPA reaches dead end
- March 14, 2017

It will be a very lonely 45th Birthday for Irom Sharmila. The Iron Lady, who had continued her fast-unto-death for 16 years till mid 2016 demanding repeal of the Armed Forces (Special Powers) Act, secured a meagre 90 votes from the prestigious Thoubal constituency to lose her deposit against Chief Minister and Congress nominee Okram Ibobi Singh. (more...)
Ibobi quits as Manipur CM, BJP stakes claim Ibobi quits as Manipur CM, BJP stakes claim
- March 14, 2017

The election was held under the supervision of Union HRD Minister Prakash Javadekar and Union Power Minister Piyush Goyal here. Biren Singh was elected the legislature party leader following a four-hour meeting of newly elected BJP members here this evening. (more...)
Smartly dressed man 'humps' Fearless Girl statue created for International Women's Day Smartly dressed man 'humps' Fearless Girl statue created for International Women's Day
- March 14, 2017

Douchebags like this are why we need feminism'. "There were people there talking about empowering children and women and for then to have this 20-something showing his entitlement, defiling the statue ... A symbol of female resistance and resilience, according to CNN , "The firm responsible for the girl, McCann, is calling on their clients to increase the number of women on their corporate boards". (more...)
RBI lifts restrictions on cash withdrawal from savings account RBI lifts restrictions on cash withdrawal from savings account
- March 14, 2017

The RBI had ended all limits on withdrawals from current accounts, cash credit accounts and overdraft accounts from January 30. There are 4,000 currency chests in India, apart from this the RBI keeps the currency in 19 other places. The Reserve Bank of India (RBI) had issued a notification on this in February. "This amount itself would have now increased to beyond Rs 12,00,000 crore", he said during Question Hour. (more...)
Intel Buying Mobileye for $15 Billion Intel Buying Mobileye for $15 Billion
- March 14, 2017

Intel said: "The acquisition will couple the best-in-class technologies from both companies, including Intel's high-performance computing and connectivity expertise and Mobileye's leading computer vision expertise to create automated driving solutions from the cloud through the network to the auto". (more...)
Not so sweet: Girl Scout cookie cash boxes stolen Not so sweet: Girl Scout cookie cash boxes stolen
- March 14, 2017

Fellow Girl Scout, Ahleigha Chacon, said her favorite part of selling cookies, "Hanging out with my friends". The girl was at the Vons on Clairemont Drive near Clairemont Mesa Boulevard when a robber grabbed her cash box and ran about 3:10 p.m. (more...)
Intel buys Israeli self-driving auto firm for $15 billion Intel buys Israeli self-driving auto firm for $15 billion
- March 14, 2017

The deal is expected to close within the next nine months, subject to regulatory approvals. Betting that autonomous vehicles are emerging as " data centers on wheels", the chipmaker (NASDAQ: INTC) said Monday (March 13) the acquisition that also includes data analytics as well as mapping and "localization" technologies would advance its position in the booming vehicles systems and data services markets. (more...)
Telangana's per capita income rises to Rs Telangana's per capita income rises to Rs
- March 14, 2017

Backward classes welfare to benefit fishermen and shepherd communities. Information technology department gets Rs 252.89 crore in the budget. Revenue expenditure pegged at Rs 50954.61 crore. Welfare of various sections was a major focus area in the budget with an allocation of about Rs 35,000 crore, he said. The State government has kept the options open for mobilising over ₹25,000 crore through open market loans for the next fiscal. (more...)
DRAW: Chelsea face Tottenham in semi-finals, Arsenal play Manchester City DRAW: Chelsea face Tottenham in semi-finals, Arsenal play Manchester City
- March 14, 2017

And it was a powerhouse semi-final line-up in this year's FA Cup featuring four of the top six in the Premier League. Spurs lost 2-1 at Stamford Bridge back in November, but returned the favor with a 2-0 victory at White Hart Lane to deny Chelsea the all time record for victories in a row in league play. (more...)
Ackman Said to Liquidate Valeant Shares Ackman Said to Liquidate Valeant Shares
- March 14, 2017

When he takes a position in a company-whether his position is that it's undervalued and has loads of money-making years ahead of it or that it's a dream-killing pyramid scheme and should be shut down by the government A.S.A.P.-he does so with mind, body, and spirit. (more...)
Nicola Sturgeon announces plans for second independence referendum
- March 14, 2017

Ms Sturgeon and her supporters argue that the Brexit vote changed all that since Scotland voted for Britain to stay in the European Union by 62 per cent in the referendum in June a year ago. Polls have shown the Scottish public to be evenly split as to whether they would vote for independence or to remain in the United Kingdom in a second referendum . (more...)
SSE to hike electricity prices by 7% from April SSE to hike electricity prices by 7% from April
- March 13, 2017

SSE is the last of the "big six" suppliers to announce its pricing policy in recent months, following dual fuel increases of 1.2 per cent by EDF Energy, 9.8 per cent by Npower, 7.8 per cent by Scottish Power and 8.8 per cent by Eon. Stephen Murray, energy expert at MoneySuperMarket, adds: "Now is the time to take action and lock in a fixed deal, before increasing prices get the better of your bills and you face inflated costs". (more...)

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