Markets

Uber CEO issues apology over argument with driver

I'm bankrupt because of you. "Good luck to you, but I know [you're not] going to go far", Kamel fires back as Kalanick left. "They blame everything in their life on somebody else", he snapped. The 28-page complaint accuses Anthony Levandowski, a former top manager for Google's self-driving auto project, of stealing technology now propelling Uber's effort to build an autonomous vehicle fleet. Read More

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Study ranks Portland as 12th most congested commute in US

Lost productivity and fuel cost San Francisco drivers $1,996, and the city more than $2.5 billion in 2016. But according to one recent study , none of those global cities has a traffic problem quite like Miami's. He recommends that governments use traffic data and technology to improve traffic flow as they explore new road projects and investments. Aberdeen eclipses even London at peak hours and was the hardest city to get in to or out of with drivers stuck in gridlock for 24% of the ... Read More

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United Kingdom loses 'fastest growing economy in G7' title despite fourth quarter growth

Britain has lost its mantle as the world's fastest growing advanced economy despite new figures showing that the United Kingdom expanded more quickly than thought in the final three months of previous year. Britain's economic resilience since last June's European Union referendum has surprised experts, who had predicted that the United Kingdom would be in dire straits if it voted to leave the bloc. Read More

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ISIS affiliate in Sinai releases images showing rockets fired into Israel

No injuries or damage were reported. "The discourse of Israeli drones hovering over Sinai are part of IS propaganda aiming to allege that there is an absence of Egyptian sovereignty over the peninsula", he added. The attack was launched after the Israeli Air Force attacked an ISIS terrorist base in Sinai, earlier in the day. The group said the attack was launched "in order to teach the Jews and the crusaders a proxy war will not avail them of anything", and threatened future "calamitous" ... Read More

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Michael Floyd pleads guilty to extreme DUI

Floyd, who now is under contract but was playing for the Cardinals when arrested, was arrested with a blood-alcohol concentration of 0.217 percent, which is greater than 0.15 percent. That eventually led to his release by the Cardinals, and he was then picked up by the Patriots. He stayed with the Patriots through their Super Bowl win, but he was not active for Super Bowl LI or the AFC Championship Game. Read More

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Nationwide danger from structurally deficient bridges

ARTBA singled out the 60-year-old Yankee Doodle Bridge on Interstate 95 in Norwalk as the bridge with structural deficiencies that carries the most traffic daily, ranking 86th nationally with 146,000 crossings daily. "It is outdated, overused, underfunded and in desperate need of modernization", Black said. New York, New Jersey, Massachusetts and Rhode Island all saw increases in their preponderance of problem bridges. Read More

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Sonos Is Blaming Brexit for a 25% Price Hike

Music lovers face paying more to listen to their favourite tunes at home after U.S. speaker-maker Sonos said it would hike United Kingdom prices by up to 25% following the post-referendum slump in the pound. "As a result, our existing pricing has become unsustainable". Sonos Connect, Connect:Amp, Boost and the Playbar Wallmount will all be more expensive from 23 February too, costing £349, £499, £99 and £39. Read More

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IEA: OPEC Maintains Cuts in Production

This is despite a draw of 800,000 bpd in the fourth quarter of 2016. However, as also the Iranian authorities know all too well, the country's oil production is even on the wane, from 3.85 to 3.60 barrels per day. "The key question is the extent of the renaissance of the USA shale oil sector, given a continual rise in the rig activity since May 2016 and high hedge ratios for 2017 among producers", the French bank said. Read More

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Fed leaves key rate unchanged in February meeting

Again, the FOMC just did not talk up much on the rate hike front nor on the economic growth front. The section on monetary policy is unchanged. "The Fed is unlikely to signal intentions to raise rates as early as March given the heightened uncertainty about the timing and scope of fiscal and protectionist policies", said Sal Guatieri, senior economist at BMO Capital Markets . Read More

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Brazil's Manufacturing Activity Contracts Most In 7 Months

The Nikkei India Manufacturing Purchasing Managers' Index - compiled by Nikkei and research firm Markit - stood at 50.4 in January compared to 49.6 in December. Thailand's manufacturing sector strengthened further in January, and it has allayed the concerns that the December upturn may be short-lived while positioning the Thai manufacturing industry on a stronger footing at the start of the year, Markit analysts said. Read More

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Instant Analysis: Is Teva Pharmaceutical Industries a Buy on the Dip?

A couple years back, Teva successfully converted a large percentage of existing Copaxone patients from a lower dosage that lost patent protection to a longer-lasting 40mg dosage that retained some of the brand's pricing power. The stock exchanged hands with 10.95 million shares contrast to its average daily volume of 8.94 million shares. Ironwood Pharmaceuticals, Inc.'s (IRWD) has price-to-cash ratio of 6.39 and price to sale ratio of 8.52. Read More

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Mexico's President Rejects US Decision to Build Border Wall

Mexico's President Rejects US Decision to Build Border Wall

Trump is also scheduled to sign still more executive orders. Mexico has long insisted it will not pay for such a project. Referring repeatedly to Trump's books and other writings, Slim said people should not be surprised at Trump's actions because it is all in his book Great Again: How to Fix Our Crippled America, which Slim said he had not finished reading. Read More

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Trump dodges torture question at press conference

Trump dodges torture question at press conference

On arriving for talks Mrs May became the first head of government to sign the White House book under Mr Trump, his press secretary Sean Spicer said . Acknowledging rising tensions between the USA and China, she said fears of the "eclipse of the West" would not be fulfilled if Britain and the United States continued to stand together. Read More

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Baker Hughes Incorporated (BHI) Downgraded by Societe Generale

Current stock price is in the upbeat territory taking into account of 20 days moving average with -1.01% and continued bullish run for 50 days moving average with 3.47%. Leaving behind the failed attempt at merging with its closest competitor, Halliburton ( HAL ), Baker Hughes ( BHI ) had made a decision to deal with the ongoing commodity slump all by itself in the second quarter of 2016. Read More

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Johnnie Walker maker Diageo toasts £460m boost from weak pound

Johnnie Walker maker Diageo toasts £460m boost from weak pound

The company enjoyed a stronger performance in Europe, and good net sales growth in Russian Federation and Turkey. "Growth in Scotch and USA spirits have driven over 50% of our organic net sales growth". Diageo , the world's largest producer of spirits whose North American headquarters are in Norwalk, posted sales growth in the second half of past year that was driven in part by improved performance in the US spirits business and its Scotch portfolio. Read More

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