Markets

Union for AT&T workers in Colonie threaten to strike

Union for AT&T workers in Colonie threaten to strike The strike is only scheduled to last three days. The union is also fighting the spread of "authorized retailers", which are run on a non-union franchise basis and maintain notoriously poor working conditions. Another 2,000 are DirecTV workers in California and Nevada. Union bargaining across AT&T Mobility is split up across different regions of the country, with different contracts covering ... [Full Article...]

Stocks sell off on Trump concern; dollar at Nov low

Stocks sell off on Trump concern; dollar at Nov low President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street. The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker-than-expected U.S. S&P 500 e-mini futures dropped as much as 0.7 percent overnight before paring the slide to 0.4 percent 90 minutes before the open. At almost 18 times forward earnings, the S&P 500... [Full Article...]

Elliott wants a review of BHP petroleum

Elliott wants a review of BHP petroleum But Elliott still says BHP is a chronic underperformer and must spin off its US oil business and adopt a consistent plan of buying back shares. These include further cost cuts to support a 10% increase in its value and a US$5bn investment in latent capacity across the portfolio, which Mackenzie said could add more than 20% to current production at an average return of 75%. [Full Article...]

Investors Catching Stocks Cisco Systems, Inc. (CSCO)

Investors Catching Stocks Cisco Systems, Inc. (CSCO) The legal version of this report can be accessed at https://baseballnewssource.com/markets/cardinal-capital-management-inc-acquires-13565-shares-of-cisco-systems-inc-csco-updated/718599.html. Shares price moved down from its 50 days moving average with 2.21% and remote positively from 200 days moving average with 9.76%. (NASDAQ: CSCO)'s weekly and monthly volatility is 1.14%, 1.00% respectively. [Full Article...]

U.S. housing data, political turmoil hit dollar; stocks flat

U.S. housing data, political turmoil hit dollar; stocks flat The greenback weakened broadly following reports U.S. President Donald Trump shared sensitive intelligence with Russia's foreign minister in a meeting last week. Analysts said the controversy around Trump has raised fears that he might not last a whole term and that, even if he did, there were too many distractions for him to be able to successfully push through his economic stimulus programme. [Full Article...]

After Tesla Acquisition, Musk's Cousin to Leave SolarCity -- Tech Roundup

Lyndon Rive, the CEO and co-founder of SolarCity prior to its acquisition by Tesla, will leave the automaker/energy company in June. Rive told Reuters on Monday he is leaving to pursue a new startup sometime next year. Throughout his decade at the helm of the company, Rive had a populist vision of making rooftop solar energy affordable to all in an effort to curb demand for fossil fuels and ... [Full Article...]

Pippa Middleton's 'elegant' wedding dress design revealed

Pippa Middleton's 'elegant' wedding dress design revealed The high-profile nuptials are scheduled for this Saturday at St Mark's Church near the Middleton home. That's right, everyone, the time is near-the week we have all been waiting for is upon us: Pippa Middleton is set to marry James Matthews this weekend in London. [Full Article...]

Minnesota Politicians Sound Off On Comey Firing

Minnesota Politicians Sound Off On Comey Firing Sen. Lindsey Graham of SC on CNN's "New Day": "I think Director Comey is a fine man , but Democrats called for his removal about two to three, four weeks ago and now he's gone and we get a chance to pick on a new director that hopefully we can all agree is above reproach". [Full Article...]

[ May 9, 2017 ] Historical Blasphemy Case Sees Christian Governor Found 'Guilty' International

Outside the court in north Jakarta , supporters of Ahok wept and hugged each other amid shouts of jubilation from members of conservative Islamic groups. Several major demonstrations were organized on the streets of Jakarta between October 2016 and May 2017 in which Islamic hardliners urged the government to arrest Ahok. [Full Article...]

Australia treasurer promises fair budget that reins in debt

And Mr Morrison officially scrapped $13 billion in so-called zombie Budget measures hanging over from the 2014 and 2015 budgets. Some budget measures will have to run the gauntlet of the Senate, where crossbenchers rule the roost. Pushing up personal income tax by lifting the Medicare levy to 2.5 per cent of personal income is at odds with Mr Morrison's previous message that there is a spending ... [Full Article...]

Trump praises Macron for 'big win' in France's election

At a victory party late on Sunday night, he walked out to the European anthem "Ode to Joy", rather than its French equivalent "La Marseillaise". While markets were relieved by the results of Sunday's election, Macron's victory had already been priced in by investors ahead of the vote after polls gave him a 20 point lead, meaning there were only moderate further gains for the euro. [Full Article...]

South Africa's ANC accuses judiciary of pandering to opposition

South Africa's ANC accuses judiciary of pandering to opposition A South African High Court today ordered President Jacob Zuma to reveal the documents he used to justify the controversial sacking of a widely respected finance minister, sparking economic turmoil. But the courts would not be able to properly consider an upcoming application by the DA to review the firings without records, the party's advocate Steven Budlender said, relying heavily on the preceden... [Full Article...]

Google agrees to pay $335 million in Italy tax dispute

Google agrees to pay $335 million in Italy tax dispute The agreement not only covers 2009-2013, the period under investigation, but also separate disputes related 2002-2006 and 2014-2015. The company made a similar deal with the United Kingdom one year ago, providing $ 185 million to the UK tax authorities. [Full Article...]

Oil rebounds on Saudi assurances Russian Federation will extend

The main emerging currencies were all on track for weekly losses and MSCI's closely-followed EM stocks index hit a 10-day low. Crude futures pulled back on Thursday as investors focused on US inventories falling less than expected, deepening skepticism that production cuts from the Organization of the Petroleum Exporting Countries aren't making a big dent in elevated global stockpiles. [Full Article...]

Trump tax plan: Relief for his voters but lots of unknowns

Trump tax plan: Relief for his voters but lots of unknowns Maybe you don't care about all the rich people who stand to benefit from this, because you believe cutting taxes on pass-through income will spur job creation and economic growth. that sell mostly foreign-made goods. Trump's tax plan would also end the alternative minimum tax, a move that would benefit the richest Americans, including President Trump. [Full Article...]

Trump signs order creating accountability office at VA

Trump signs order creating accountability office at VA It will create a new Office of Accountability and Whistleblower Protection in the department. "At the same time we will reward and retain the many VA employees who do a fantastic job, of which we have many". Within the next 100 days, Shulkin said veterans can expect to see even more for this suicide prevention initiative, which is called "Getting to Zero". [Full Article...]

Marissa Mayer to make $184m from Yahoo's sale to Verizon

Marissa Mayer to make $184m from Yahoo's sale to Verizon Just $25 million - if one can put "just" in front of a number of that size - is part of the "golden parachute" terms that would accelerate Mayer's restricted stock units in the event of a sale and her departure from the company. Microsoft offered $44.6 billion to Yahoo, which was ten times more than the offer of Verizon, but Yahoo declined. Mayer recently said she would turn down an equity bonus ... [Full Article...]

Barack Obama Reportedly Banking $400k for Wall Street Speech

Barack Obama Reportedly Banking $400k for Wall Street Speech Hillary Clinton was taken to task during the presidential campaign past year for her speeches to Goldman Sachs in 2015. Sources say there's a lot of flexibility in Barack Obama's contract to speak at the fall event, such as schedule conflicts or if there are any other concerns like "adverse publicity". [Full Article...]

Tell FCC Commissioner Ajit Pai: Startups Depend on Net Neutrality

Tell FCC Commissioner Ajit Pai: Startups Depend on Net Neutrality Pai is introducing his net neutrality plan during a busy week in DC that will likely overshadow the FCC lead's anti-net-neutrality agenda. "Vin Scully tried to call the plays fast and let the crowd do the talking", Pai said. " There's common ground here and there's room for an agreement here ", Pai told reporters at a press conference on Thursday. If they vote to approve the proposal it will s... [Full Article...]

AT&T Rising: Q1 Rev Misses, Year Profit Growth View Tops Consensus

AT&T Rising: Q1 Rev Misses, Year Profit Growth View Tops Consensus AT&T is trying to diversify by buying Time Warner Inc TWX.N in a $85.4 billion deal that would give it control of cable channels like HBO and CNN as well as film studio Warner Bros. Dallas, Texas-based telecom giant's first-quarter profit dropped to $3.56 billion or $0.56 per share from $3.89 billion or $0.61 per share previous year. [Full Article...]


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