Business

Spotify forecasts 92-96M paying users by year-end, against Apple's current 36M

Spotify forecasts 92-96M paying users by year-end, against Apple's current 36M Now it turns out that around two million people were using this version of the app to skirt around paying for Spotify Premium. Well, according to their IPO filing , over 2 million users were doing it, accounting for over 2% of its free subscriber base. [Full Article...]

Shanghai crude oil futures roar into action as Glencore bags 1st trade

Shanghai crude oil futures roar into action as Glencore bags 1st trade After an initial surge in volume that outpaced overnight transactions in global benchmark Brent crude in London, trading tapered off toward the end of the session and the contract closed at 429.9 yuan a barrel ($68.22). Glencore's early involvement was a morale boost to the fledging market, but state-controlled oil majors like PetroChina and Sinopec are expected to provide a significant amount of ... [Full Article...]

Telstra 'misled customers by charging for unwanted products'

Telstra 'misled customers by charging for unwanted products' The ACCC had commenced action against Telstra over the PDB service in the Federal Court under a delegation of power from ASIC. 'Many Telstra customers paid for content they did not want, did not use, and had difficulty unsubscribing from, ' Australian Competition and Competition Commission Chairman Rod Sims said. [Full Article...]

Sensex up 470 points, Nifty above 10100 on support by bank shares

Sensex up 470 points, Nifty above 10100 on support by bank shares Over the last week, the BSE Sensex recorded a fall of 579.46 points, or 1.75 per cent. Asian stocks plunged on Monday after a sell-off on Wall Street, extending the global rout as panicky investors fret over trade war between the U.S. "We continue with our view that we may see good trading opportunities in individual stocks in this truncated week and hence, traders are advised to continue focu... [Full Article...]

Mark Zuckerberg Asks For Forgiveness With A Full-Page Newspaper Ad

Mark Zuckerberg Asks For Forgiveness With A Full-Page Newspaper Ad The logging of calls and text history has been an opt-in feature in Messenger since 2015 and in Facebook Lite. "This helps you find and stay connected with the people you care about, and provides you with a better experience across Facebook". [Full Article...]

Facebook losing trust as firm uses ads to apologize: polls

Facebook losing trust as firm uses ads to apologize: polls The social network, which boasts 2.2 billion active users, has issued adverts in major United Kingdom and USA newspapers apologising for their " breach of trust ". "You may have heard about a quiz app builty by a university researcher that leaked Facebook data of millions of people in 2014". The apology also reiterated that Facebook had already changed its data collection rules, and that it wa... [Full Article...]

Uber to sell South-east Asian operations to Grab

Uber to sell South-east Asian operations to Grab Uber declined comment and Grab was not immediately available for a comment. As part of the transaction, Uber would get a stake of as much as 30 per cent in the combined business, the source said. "It will help us double down on our plans for growth as we invest heavily in our products and technology to create the best customer experience on the planet", he said in a statement. [Full Article...]

How Facebook likes could profile voters for manipulation

How Facebook likes could profile voters for manipulation This is all well and good, but the bottom line is just this: Facebook collects an inordinate amount of data on you and freely shares this data with virtually anyone who asks. A personal assistant to Nigeria's President Muhammadu Buhari has responded to reports of Cambridge Analytica's involvement in the country's 2015 election, retweeting an image of a dejected-looking former leader Goodluck Jon... [Full Article...]

Stocks post worst week in 2 years as trade war rhetoric escalates

Stocks post worst week in 2 years as trade war rhetoric escalates Excluding a spike in orders for transportation equipment, durable goods orders still climbed by 1.2 percent in February after edging down by 0.2 percent in January. The index slumped to its lowest closing level in well over three months. The Nasdaq is still 3 percent in the black despite taking a beating this week. [Full Article...]

Diamond Watches, MF Hussain Paintings Seized At Nirav Modi's Mumbai House

Diamond Watches, MF Hussain Paintings Seized At Nirav Modi's Mumbai House Hussain, K.K. Hebbar and Amrita Shergil. The central probe agency has filed two money laundering FIRs against Modi and his uncle Choksi, the Gitanjali Gems promoter, to probe the PNB fraud. Both the ED and CBI have summoned Modi and Choksi, but they are yet to appear before the agencies. A Mumbai special court has issued non-bailable warrants against them on the request of the ED. [Full Article...]

The 440 Investment Group LLC Grows Position in Amazon.com, Inc

The 440 Investment Group LLC Grows Position in Amazon.com, Inc The stock decreased 2.11% or $0.71 during the last trading session, reaching $33. About 8.01 million shares traded or 46.24% up from the average. Headlines about Amazon.com (NASDAQ:AMZN) have trended somewhat positive this week, Accern reports. [Full Article...]

Air India flight given warm welcome at Israel airport

Air India flight given warm welcome at Israel airport Saudi Arabia and Israel have no official diplomatic relations, but ties between the two countries have been improving over the shared goal of countering Iranian influence. The direct route was first announced by Air India in February. "Such approval, which was granted by the state of Israel, gives a significant and unfair advantage to a foreign airline and is contrary to any principle of reci... [Full Article...]

Comprehensive Stock Analysis Of Facebook, Inc. (FB)

Comprehensive Stock Analysis Of Facebook, Inc. (FB) The company's stock had a trading volume of 52,306,891 shares, compared to its average volume of 34,448,280. Personal Capital Advisors Corp increased its holdings in shares of Facebook by 8.2% in the 4th quarter. Facebook stock is pacing for a second straight close beneath its 200-day moving average - which hasn't happened since January 2017 - and a third straight down day. [Full Article...]

Bill Gates spoke the truth on Nigeria economy - Ben Bruce

Bill Gates spoke the truth on Nigeria economy - Ben Bruce Mr. Gates said the Foundation was working with other partners to extend its current vaccine financing programme in Nigeria from five to ten years. " To anchor the economy over the long term, investments in infrastructure and competitiveness must go hand in hand with investments in people ". [Full Article...]

Why CVS Health Corporation (CVS) Is Being Added to Investors Watchlist?

The institutional investor held 92,072 shares of the medical and nursing services company at the end of 2017Q3, valued at $7.49M, up from 86,142 at the end of the previous reported quarter. Foulkes Helena also sold $1.42 million worth of CVS Health Corporation (NYSE:CVS) shares. 507,219 were reported by D E Shaw &. CVS Health (NYSE:CVS) last issued its quarterly earnings data on Thursday, Feb... [Full Article...]

Cantor Fitzgerald Analysts Give Celgene (NASDAQ:CELG) a $112.00 Price Target

Cantor Fitzgerald Analysts Give Celgene (NASDAQ:CELG) a $112.00 Price Target About 59,615 shares traded. BlackRock New York Municipal Bond Trust (BQH) has declined 9.32% since March 24, 2017 and is downtrending. It has underperformed by 19.60% the S&P500. Cibc Ww Markets Corporation reported 178,505 shares or 0.25% of all its holdings. 43,215 were reported by Sumitomo Life Insur. Colony Group Ltd Llc has 3,767 shares for 0.04% of their portfolio. [Full Article...]

American family of 4 found dead in Mexico

American family of 4 found dead in Mexico Autopsies are being conducted in Mexico, police said. The Creston News Advertiser reports the family flew to Cancun, Mexico, on March 14. Amy's cousin Jana Weland said her family had a "gut" feeling something was wrong as the Sharps hadn't been posting photos and "last year they shared pictures about every day". [Full Article...]

ConocoPhillips (NYSE:COP) Receiving Somewhat Positive Media Coverage, Study Finds

ConocoPhillips (NYSE: COP ) recorded a trading volume of 10.52 million shares, above its 90-day volume average of 5.84 million shares. ConocoPhillips (NYSE: COP ) has risen 9.50% since March 24, 2017 and is uptrending. (NYSE:CVS) by 3,793 shares in the quarter, for a total of 151,952 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL). Gofen And Glossberg Ltd Company Il has 0% invested i... [Full Article...]

Verition Fund Management LLC Sells 11183 Shares of Valero Energy Co. (VLO)

As per Friday, September 15, the company rating was maintained by Jefferies. On Thursday, April 27 the stock rating was maintained by Panmure Gordon with "Buy". VLO's profit will be $567.46 million for 17.76 P/E if the $1.31 EPS becomes a reality. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. [Full Article...]

Zuckerberg Takes Steps to Calm Facebook Employees

Four days after news of the scandal broke, Zuckerberg published a Facebook post clarifying the issue and outlining preemptive measures the company would implement. "Once the data left Facebook servers, there was not any control, and there was no insight into what was going on", Parakilas, who held the position for two years, starting in 2011, told the Guardian . [Full Article...]


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