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Economy

June 11 is the FCC's deadline to end net neutrality. Today on national cable news, MSNBC Live with Stephanie Ruhle and Fox Business' FBN AM mentioned the net neutrality vote in brief headline segments. The rules also prohibited those companies from offering websites and app developers faster, easier access to internet users in exchange for extra fees - a tactic that critics described as digital " fast lanes " that could distort online competition in favor of large, wealthy businesses.
  • Trump to help ZTE 'get back into business'

    Trump to help ZTE 'get back into business'

    Economy

    The case dates to before Trump took office in January 2007 but the Commerce Department's decision came amid worsening trade tensions between the USA and China centered on technology-related intellectual property. "This egregious behavior can not be ignored". Claire Reade, a Washington-based trade lawyer and former assistant U.S. Trade Representative for China affairs, said the ZTE ban was a shocking blow to China's leadership and may have caused more alarm in Beijing than Trump's threats ...
  • NHL:

    NHL: "Washington" has opened the account in a series with "Tampa"

    Economy

    Game 2 is Sunday night at Amalie Arena. "We want to do the same next game and for the whole series". Jay Beagle - The Capitals checking centre struggled in terms of puck possession (7 for, 11 against, 38.9 CF%,), but also scored Washington's third goal, his first goal since the first game of the playoffs.
  • Starbucks (SBUX) Downgraded to

    Starbucks (SBUX) Downgraded to "Sell" at ValuEngine

    Economy

    Starbucks has a one year low of $57.07 and a one year high of $57.86. On the other side the debt to equity ratio is 1.39. The institutional investor held 24,283 shares of the restaurants company at the end of 2017Q4, valued at $1.40M, down from 30,969 at the end of the previous reported quarter.
  • Co-founder Sachin Bansal quits Flipkart following Wallmart takeover

    Co-founder Sachin Bansal quits Flipkart following Wallmart takeover

    Economy

    But instead of competing with Flipkart , Walmart has essentially taken over the company. Walmart chief executive Doug McMillon played down not being able to meet either Prime Minister Narendra Modi or any senior minister after announcing the world's biggest e-commerce deal, saying he has had meetings with officials in the past and would have them in future as well.
  • Walmart buys 77pc stake in India's Flipkart for $16b

    Walmart buys 77pc stake in India's Flipkart for $16b

    Economy

    Moreover, from Amazon's perspective, its domination as the global online retailer has forced its biggest American rival, Walmart, to fork out $16 billion for what is easily one of the most expensive acquisitions ever-a clear acknowledgement that Walmart is trying hard to make up for lost time by not investing more aggressively on e-commerce earlier.
  • Elon Musk apologizes for ignoring analyst questions in classic fashion

    Elon Musk apologizes for ignoring analyst questions in classic fashion

    Economy

    Musk interrupted the analyst and dismissed his question, indicating that " boring " questions are "not cool". Musk argues both questioners were "sell-side analysts who represent a short-seller thesis, not investors". Musk cut off an analyst asking about the company's need to raise additional money from investors. And the future financial needs of the automotive company still remained open.
  • Flipkart co-founder likely to quit after Walmart takeover

    Flipkart co-founder likely to quit after Walmart takeover

    Economy

    Google's parent company Alphabet Inc. also participated in the deal, which valued Flipkart at between $20-22 billion. The US retail giant will buy both existing as well as new Flipkart shares and it is possible that numerous early investors in the company such as Tiger Global, Accel and Naspers maybe selling their entire stakes.
  • Elon Musk confirms next Tesla Gigafactory will be in China

    Elon Musk confirms next Tesla Gigafactory will be in China

    Economy

    Then Tesla forecast 10,000 Model 3s per month at the end of the first quarter. The Model 3 is viewed as Tesla's first foray into what might be called moderately priced electric cars. "Sorry", Musk said, "these questions are so dry". Nevertheless, the loss was lower than what Wall Street analysts expected, while revenue also trumped estimates.
  • Four hikers die in Swiss Alps

    Four hikers die in Swiss Alps

    Economy

    Two Italian couples aged in their mid-40s and mid-50s died from hypothermia after being evacuated to hospital and their 59-year-old Italian guide died at the scene after a fall, police in Valais canton said. But they became stranded in the awful snowstorm and were forced to spend the night outside, something which they are not thought to have been properly equipped for.
  • BP's profit surge 71% on higher oil prices and output

    BP's profit surge 71% on higher oil prices and output

    Economy

    The company has also demonstrated that despite the general wariness in the industry, the supermajors are investing in new production: in the last quarter, BP made a final investment decision on four new projects-two in the United Kingdom portion of the North Sea, one in India, and one in Oman.
  • Sainsbury's, Asda merger to form largest United Kingdom grocer

    Sainsbury's, Asda merger to form largest United Kingdom grocer

    Economy

    Analysts said the deal was a bet that recent changes in the retail industry - including the rise in online shopping, hard discounters and Tesco's purchase of Booker - would ease any opposition from competition regulators. The planned combination of J Sainsbury plc and US -owned Asda Group Limited was announced by the two companies in an official statement on Monday. Judith McKenna, president and chief executive officer of Walmart International, said: "This proposed merger represents a ...
  • KeyCorp Cuts Alibaba Group (NYSE:BABA) Price Target to $219.00

    Economy

    It has underperformed by 38.49% the S&P500. Stephens Investment Management Group Llc decreased Keyw Hldg Corp (KEYW) stake by 2.97% reported in 2017Q4 SEC filing. Piedmont Investment Advisors Llc, which manages about $2.73B and $4.97B US Long portfolio, decreased its stake in Applied Matls Inc Com (NASDAQ:AMAT) by 29,336 shares to 304,697 shares, valued at $15.58M in 2017Q4, according to the filing.
  • Sunny weather for the weekend after a few showers Friday

    Sunny weather for the weekend after a few showers Friday

    Economy

    Warmer temperatures and sunshine into next week, however, will make ideal weather for enjoying the outdoors. Very much the same is expected for Sunday with humidity starting to work back into the region Sunday into Monday with rain back in the forecast mid-week.
  • Marathon Oil Corp (NYSE:MRO) Sentiment Dropped to 0.88, Despite

    Economy

    The stock increased 3.28% or $2.63 during the last trading session, reaching $82.86. About 3.55 million shares traded. Marathon Petroleum Corporation ( NYSE : MPC ) has risen 49.25% since April 25, 2017 and is uptrending. Hancock holds 265,403 shares or 0.73% of its portfolio. Bp Plc increased Bank New York Mellon Corp (BK) stake by 60.33% reported in 2017Q4 SEC filing.