Markets

Hackers reportedly threaten to release Disney's next movie

Hackers reportedly threaten to release Disney's next movie

The hackers are thought to be the same group behind the recent Netflix leak, which saw Orange is the New Black season 5 uploaded online, prior to release. It was not clear if the Disney incident was related to the ransomware attack. Even as many businesses are anxious about hackers taking control of their computers as part of the worldwide WannaCry ransomware crisis, the Walt Disney Co. Read More

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U.S. dollar, yields rise; stocks slip from record highs

U.S. dollar, yields rise; stocks slip from record highs

The CBOE Volatility index .VIX dropped almost 8 percent to 9.73 and was on track for its lowest close since 1993 as investors took comfort from Macron's victory, as well as from strong quarterly reports in recent weeks. Shares of Kate Spade jumped 8.31 per cent after bigger rival Coach Inc said it would buy the handbag maker for $2.4-billion to increase its exposure to millennial shoppers. Read More

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Hertz Global Holdings, Inc (NYSE:HTZ) Sale Analysis

Several research analysts have recently weighed in on the company. For the next 5 years, Hertz Global Holdings, Inc .is expecting Growth of 85.7% per annum, whereas in the past 5 years the growth was 12.11% per annum. The number of shares now owned by investors are 88.58 mln. Finally, Credit Agricole S A purchased a new position in Hertz Global Holdings during the fourth quarter valued at $341,000. Read More

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'Breaking point': Puerto Rico files for historic $70bn bankruptcy

'Breaking point': Puerto Rico files for historic $70bn bankruptcy

Puerto Rico's restructuring will be the biggest in municipal-bond market history, vastly larger than Detroit's $18 billion record bankruptcy, and will mark the first time a state-level issuer has had debt written off in federal court. "It will be an orderly process that should be better for creditors in the aggregate than a chaotic and uncertain period involving proliferating lawsuits", said Moody's Investor Services analyst Ted Hampton. Read More

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Oil prices rise on expectation of output cut extension

Oil prices rise on expectation of output cut extension

OPEC and other major producers including Russian Federation agreed to cut production by 1.8 million barrels a day in the first half of the year in an attempt to drain large global stocks. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $46.87 per barrel, up 65 cents, or 1.4 percent from the last close. Meanwhile Russia has said it supported extending the deal. Read More

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Indian Company Royal Enfield Plans to Own Ducati

Indian Company Royal Enfield Plans to Own Ducati

While Ducati may be launching motorcycle after motorcycle , its parent company, Volkswagen , is now looking for ways to dust off losses related to emissions scandal. Under the VW Group there are brands like Audi , Bentley, Bugatti, Lamborghini, Porsche, Ducati , MAN, Scania, SEAT, Skoda, and Volkswagen . Ducati had sales of 593 million Euros in 2016 (Rs 4,196 crore). Read More

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Patanjali looks at doubling production in a year

Patanjali looks at doubling production in a year

While the company will be focusing on scaling up its presence in biscuits, rice, flour, spices, pulses, confectionary and juices, it is also going to double its distributors from 6,000 to about 12,000. Ramdev said Patanjali was working on a blueprint for a restaurant chain. Honey is around Rs350 crore and would grow to Rs500-600 crore this year, " Ramdev said. Read More

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Trade deficit improves slightly in March

Trade deficit improves slightly in March

Canada's trade deficit narrowed sharply to just $135 million in March as exports surged to a new high on shipments of energy products and consumer goods , Statistics Canada said on Thursday. But a four-year record for Japanese imports, valued at US$13.3 billion, saw the USA deficit with that country hit its highest level since April 2008 at US$7.6 billion. Read More

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Philippines says Trump recognised 'great job' Duterte is doing

Branstad's statement echoed Secretary of State Tillerson's tough talk on the South China Sea during his confirmation hearing, where he suggested the USA would stop Chinese ships from accessing their artificial islands. In the draft of the chairman's statement for the summit, ASEAN leaders continued to share serious concerns over recent developments and escalation of activities in the area, which may further raise tensions and erode trust and confidence in the region. Read More

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Conservatives back revised health bill, GOP moderates balk

Conservatives back revised health bill, GOP moderates balk

The proposed changes would let states get federal waivers to some coverage requirements President Barack Obama's law imposed on insurers. Conservatives embraced the revisions as a way to lower people's health care expenses, but moderates saw them as diminishing coverage because insurers could make policies for their most ill - and expensive - customers too costly for them to afford. Read More

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AT&T sheds more lucrative wireless customers in 1Q

AT&T sheds more lucrative wireless customers in 1Q

AT&T did not disclose updated sub numbers for DirecTV Now, the OTT TV service it launched last November, but noted that DirecTV Now gains helped to offset its decline in linear TV subscribers . and Sprint Corp . In all for the March quarter, AT&T's earned $3.5 billion, or 56 cents a share, down from $3.8 billion, or 61 cents a share, a year earlier. Read More

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Ashmore Group plc (ASHM) Given

Ashmore Group plc (ASHM) Given "Hold" Rating at Peel Hunt

It operates through two segments: Wood Group Engineering segment, which provides a range of engineering services, such as conceptual studies, engineering, project and construction management, and control system upgrades, to the upstream, subsea and pipeline, downstream, chemical process and industrial, and clean energy sectors, and Wood Group PSN segment, which provides production services to the upstream, midstream, downstream and industrial sectors through brownfield engineering and ... Read More

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Chappell finally wins on PGA Tour in 180th career start

Chappell finally wins on PGA Tour in 180th career start

Chappell, who quietly finished seventh at the Masters two weeks ago, struggled most of the day before picking up three birdies in the final five holes for a one-under-par 71 at TPC San Antonio . Chappell will have another golden opportunity to pick up the first PGA Tour win of his career, but there is no shortage of competition nipping at his heels. Read More

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Verizon loses wireless customers for first time

Verizon , the once-unstoppable cellphone leader in the USA, lost key wireless customers for the first time, even as it brought back unlimited data plans to counter smaller rivals. Shares of Verizon (VZ, Tech30 ) fell almost 1.5% on the news. Verizon blamed the decline on a drop in revenue received from overages, the cost of promoting the business, and a decline in the number of postpaid customers. Read More

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Uber denies stealing Google technology

Uber denies stealing Google technology

Alphabet alleges that Anthony Levandowski stole 14,000 files from its self-driving auto wing before he left in January 2016 to start the autonomous trucking company Otto , which was purchased by Uber in August for $ 680 million . "You're not denying it, no one is denying he has the 14,000 files". Lidar sensors bounce light off objects to create a three-dimensional map of a car's surroundings. Read More

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Consumer Inflation Rises Marginally In March To 3.81%

Consumer Inflation Rises Marginally In March To 3.81%

Year-over-year growth in wages excluding bonuses fell to 1.9 per cent, from 2.2 per cent, dragging down the ex-bonus headline rate to 2.2 per cent, from 2.4 per cent. Overall output prices rose by 3.6 per cent, also a touch weaker than in February but above a forecast of 3.3 per cent in the Reuters poll. Sheng Guoqing, a bureau analyst, said price increases in non-food sectors were overshadowed by price drops in food, resulting in the mild inflation in March. Read More

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