Business

Brooklyn Assemblywoman Indicted on Fraud Charges

Brooklyn Assemblywoman Indicted on Fraud Charges Pamela Harris , 57, from Brooklyn, was charged with wire fraud, conspiracy to commit wire fraud, making false statements , bankruptcy fraud, witness tampering and conspiracy to obstruct justice, according to the New York Daily News . "She conducted her schemes victimizing the federal and New York City governments, and then obstructed a federal investigation into her crimes while a sitting New ... [Full Article...]

Jeff Bezos is the richest person in history

Jeff Bezos is the richest person in history Forbes , another media conglomerate who tracks the net worths of the world's richest, estimated that Bezos's fortune is at $104.4 billion, which is almost parallel with Bloomberg's projections. Jeff Bezos , Amazon CEO's, is now the richest person of all time , eclipsing the record previously held by Microsoft founder Bill Gates . If adjusted for inflation, that cumulative total would now ... [Full Article...]

Traders Alert: Mastercard Incorporated (MA), Kimco Realty Corporation (KIM)

Moab Capital Partners Llc who had been investing in La Quinta Hldgs Inc for a number of months, seems to be less bullish one the $2.14 billion market cap company. BLL stock price climbed 0.05% over the past year, yielding a negative weighted alpha of percent. Prudential owns 4.35 million shares or 0.8% of their United States portfolio. [Full Article...]

JP Morgan's Dimon regrets calling bitcoin a 'fraud'

JP Morgan's Dimon regrets calling bitcoin a 'fraud' The price of bitcoin, the most ubiquitous of the currencies, has more than tripled to US$14,297 since Dimon made his comments in September. "If you're stupid enough to buy it, you'll pay the price for it one day", he said in response to a moderator question at an Institute of International Finance conference in October. [Full Article...]

OPEC members not keen on Brent prices above $60

OPEC members not keen on Brent prices above $60 Last month's report showed a forecast for 2018 record US crude output of 10 million barrels a day. Mr. Trump's decision comes on the heels of antigovernment protests in Iran last week, which also boosted the price of crude. Economic collapse is leading to involuntary production cuts in Venezuela, another OPEC member. OPEC and 10 members outside the cartel agreed late last year to extend an acc... [Full Article...]

Aldi And Lidl Remain Britain's Fastest Growing Grocers

Aldi And Lidl Remain Britain's Fastest Growing Grocers Grocery spend in the four weeks ending December 30 hit £10.5 billion, equivalent to a 3.7% year-on-year rise, according to new data released today by Nielsen. Excluding the discounters, sales were up 2.3 per cent. According to Nielsen, Tesco recorded the largest sales of the big four United Kingdom supermarkets in their busiest period of the year and had the most improved performance over the fi... [Full Article...]

Google Memo Author Sues, Claiming Bias Against White Conservative Men

Google Memo Author Sues, Claiming Bias Against White Conservative Men Included in the lengthy post were comments that men and women have different interests and abilities, affecting diversity in tech jobs and pay gaps. The company is 69% male and 56% white, although Google does not report how many describe themselves as "conservative". The suit alleges that Google's diversity efforts are unlawful, citing "illegal hiring quotas to fill its desired percentages of... [Full Article...]

GoPro Quits Drone Business, Cuts 20% of Staff

GoPro Quits Drone Business, Cuts 20% of Staff Near 1520 GMT, shares of GoPro were down 25.9 per cent at US$5.57. Once the company has completed its restructuring, it will be left with 1,000 employees worldwide. But it wasn't enough and the Karma is now part of the company's other cost-cutting measures . "I think they made a strategic error in pursuing entry into such a competitive space, and it proves how hard consumer electronics innova... [Full Article...]

Girl Scouts brew new beverage for cookie season

Girl Scouts brew new beverage for cookie season The Girl Scouts of the US is unveiling a major. The espresso beverage includes tastes of graham crackers, chocolate and marshmallows and was inspired by their S'mores, last season's "rookie cookie" of the year. The Girl Scouts of Western Pennsylvania say the Girl Scout Cookie Program is their biggest fundraiser by far. The money earned from the sales goes toward community projects and troop ac... [Full Article...]

Express Scripts (ESRX) Coverage Initiated at Evercore ISI

The company has a market cap of $43.05 Billion. The stock decreased 0.09% or $0.07 during the last trading session, reaching $76.01. About 2.05 million shares traded. The firm has "Hold" rating given on Monday, October 2 by Needham. RBC Capital Markets maintained the shares of ESRX in report on Wednesday, October 25 with "Hold" rating. [Full Article...]

Stolen £1000000 bottle of vodka found at construction site

Stolen £1000000 bottle of vodka found at construction site Police investigator Knud Hvass says it is too early to say whether the perpetrator of the theft at the Cafe 33 bar had broken in or had used a key. CCTV footage from the bar showed a masked man grabbing the bottle from the bar and fleeing the scene early on Tuesday morning. [Full Article...]

Ships collide off China coast, 32 missing

An Iranian oil tanker collided with a bulk freighter and caught fire off China's east coast, leaving the tanker's entire crew of 32 missing and causing it to spill oil into the sea, authorities said today. Reuters reports that the Panama-flagged Sanchi is managed by the National Iranian Tanker Company (NITC), owned by Bright Shipping and chartered by Hanwha Total Petrochemical. [Full Article...]

Triple talaq bill: Congress issues whip for its members in Rajya Sabha

Triple talaq bill: Congress issues whip for its members in Rajya Sabha The passage of Muslim Women (Protection of Rights on Marriage) Bill, popularly known as the Triple talaq Bill, will be delayed at least till the Budget Session of Parliament as the Rajya Sabha adjourned sine die on Friday without taking a decision on the legislation. [Full Article...]

White supremacist faces terror charge after train stopped

White supremacist faces terror charge after train stopped In the early hours of October 22, Wilson entered a restricted area of the California Zephyr train as it passed through rural Nebraska and triggered the train's emergency brakes. Some items were in a hidden compartment behind a refrigerator, according to the court documents. Shortly after his arrest, his attorney requested a competency hearing, saying that Wilson "cannot appreciate ... [Full Article...]

Confidence in Charles Schwab (NYSE:SCHW) Shares by JMP Securities Fall

The stock increased 1.51% or $0.78 during the last trading session, reaching $52.3. The NYSE-listed company saw a recent bid of $51.81 on volume of 5.31 million shares. First Eagle Investment Mgmt Limited Liability invested in 40.68 million shares or 4.4% of the stock. Robeco Institutional Asset Mngmt Bv reported 0.38% in Oracle Corporation (NYSE:ORCL). [Full Article...]

Ripple's co-founder may soon be the world's richest person

Larsen now owns a 17 percent equity stake in the company Ripple , not to be confused with the fact that its cryptocurrency trades under the same name. Of course, it's also possible that Ripple (or any other cryptocurrency) could drop in value at any given moment but there is little reason to believe the blockchain businesses will be going away anytime soon. [Full Article...]

United flight diverted to Alaska after man spreads feces in lavatories

United flight diverted to Alaska after man spreads feces in lavatories United Airlines flight 895, from Chicago to Hong Kong , was sent to Anchorage due to a "passenger smearing feces everywhere", according to Ted Stevens International Airport Police. The diversion came as a result of a man defecated and made a mess in two of the plane's lavatories. One flight from Chicago to Hong Kong made an unscheduled landing in Alaska after a man had smeared shit all ove... [Full Article...]

USA employers add 148000 jobs, jobless rate stays 4.1 pct

USA employers add 148000 jobs, jobless rate stays 4.1 pct Average monthly job gains have slowed to 171,000 this year from a peak of 250,000 in 2014. Economists surveyed by Reuters had been expecting nonfarm payrolls to grow by 190,000. Shortly after the recession, employers and hiring managers could pick and choose employees because unemployment was so high. Several other American corporations announced that they will also invest in their employees, ... [Full Article...]

More than 100 Sears, Kmart stores to close

More than 100 Sears, Kmart stores to close According to a press release, "eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores". Burwell said on Friday, "I think that those were two of the companies nationwide that were struggling the most ". "The local economy didn't help, but it's more representative of more of a national... [Full Article...]

Constellation Brands Q3 Adj. Profit Beats View; Board Approves Share Buyback

Constellation Brands Q3 Adj. Profit Beats View; Board Approves Share Buyback Constellation Brands ( NYSE STZ ) traded down $5.91 during mid-day trading on Friday, reaching $219.88. It has outperformed by 0.50% the S&P500. Total shares held by institutions as of the most recent company filings are 146,625,596 with a reported 15,982,332 bought and 9,583,620 sold. [Full Article...]


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