Markets

US likely to expand airline laptop ban to Europe - government officials

US likely to expand airline laptop ban to Europe - government officials Since March, large portable electronic devices like laptops, tablets and e-readers have not been allowed in the cabin on USA -bound flights from eight Muslim majority countries in the middle east and northern Africa. DHS spokesman Dave Lapan told Reuters that department Secretary John Kelly "hasn't made a decision but we continue to evaluate the threat environment and have engaged in discussio... [Full Article...]

Experts question North Korea role in WannaCry cyberattack

Experts question North Korea role in WannaCry cyberattack Computer codes are often shared among different groups, so the matching code isn't definitive proof Lazarus was behind the cyberattack. Both Symantec and Kaspersky said it was too early to tell whether North Korea was involved in the attacks, based on the evidence that was published on Twitter by Google security researcher Neel Mehta. [Full Article...]

Favorable Press Coverage Very Likely to Affect Xerox Corp (XRX) Share Price

Xerox Corp earned a news sentiment score of 0.30 on AlphaOne's scale. For the last quarter, the stock has performed 9.76%. The stock appeared -6.35% below its 52-week highs and is up 1.42% for the last five trades. Shareholders of record on Friday, March 31st were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 3.50%. [Full Article...]

AMD -7.8% premarket amid early reaction to analyst day

AMD -7.8% premarket amid early reaction to analyst day We believe shares of AMD increased 11.65% yesterday vs. the 1.49% of the SOX primarily due to an article in Fudzilla that implies Intel will be licensing AMD's GPU (graphics processing unit) IP. AMD also noted it should grow double-digit y/y topline and get to L-T EPS of $0.75. Comparatively, AMD posted earnings of $-0.04 per share in the same quarter, a year earlier. [Full Article...]

Russia, Saudi Arabia back extension of oil output cuts

Taking the big bazooka of the wall, they jointly announced that the OPEC-led production deal would be extended by nine months until March 2018. Global benchmark Brent increased by as much as 3.3 per cent to US$52.52 a barrel on ICE Futures Europe and West Texas Intermediate climbed by up to 3.4 per cent, to $49.45 a barrel on the New York Mercantile Exchange. [Full Article...]

Xiaomi bets big on Mi Homes for larger offline play

Xiaomi bets big on Mi Homes for larger offline play The three variants of Xiaomi Redmi 4 are - one with 2GB RAM and 16GB storage, the other with 3GB RAM and 32GB native memory and the third with 4GB RAM and 64GB in-built storage. Connectivity options on the device include dual-SIM card slots (hybrid SIM setup), 4G with VoLTE support, Wi-Fi, Bluetooth, and Global Positioning System. [Full Article...]

Judge orders Uber not to use technology taken from Waymo

Judge orders Uber not to use technology taken from Waymo Judge Alsup ordered Uber to prevent Levandowski from using the downloaded materials and return them to Waymo by May 31, and ordered Levandowski to be removed from any Lidar work at Uber . Though it now feels as if every automaker, auto parts supplier, ride-sharing service provider and his algorithm-writing cousin has an autonomous driving strategy in place, Alphabet/Google's (GOOGL) Waymo u... [Full Article...]

Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

Buffett is known for his candor and plain speaking. And in comments that suggested a change in Buffett's outlook on the technology sector, Buffett said he regretted not investing early in Google. Asked if he had stopped buying, Buffett said: "Maybe, maybe not". The executives who run Berkshire subsidiaries look forward to the meeting just as the shareholders do. [Full Article...]

U.S. official to Israel: Western Wall not your territory

Moreover, Tillerson's most ferocious promoters, such as James Baker, Condoleeza Rice, and others, long believed that America was right to try and impose a two-state solution on Israel and the Palestinians, instead of letting the two parties engage in direct negotiations. [Full Article...]

Tillerson Unconcerned About Independence After Comey Firing

Tillerson Unconcerned About Independence After Comey Firing Can't start with a clean slate until maybe they either own up to what they did, or we punish them in a way that they're not going to do this again. Secretary of State Rex Tillerson during an interview that aired Sunday said the relationship between the USA and Russian Federation is at its lowest point in decades. [Full Article...]

Mnuchin: US partners more comfortable with Trump on trade

Trade is not formally on the agenda but that doesn't prevent ministers from taking the matter up in one-on-one meetings. He said counterparts understand that "we don't want to be protectionist, but we reserve our right to be protectionist to the extent we believe trade is not free and fair". [Full Article...]

Europol chief says ransomware attack affected 200000 victims in over 150 countries

The paper quoted the researcher as saying: "This is not over". Defence minister Michael Fallon told the BBC the government under Prime Minister Theresa May was spending around 50 million pounds on improving the computer systems in the NHS after warning the service that it needed to reduce its exposure to "the weakest system, the Windows XP". [Full Article...]

Canada rejects US duties on lumber as 'baseless'

U.S. Treasury Secretary Steven Mnuchin said the United States reserved the right to be protectionist if it thought trade was not free or fair. "People are much more comfortable today now that they've had the opportunity to spend time with me and listen to the president and listen to the economic message on what the economic agenda is, and that's about creating growth in the United States", Mnuch... [Full Article...]

SoftBank posts $1.4-billion lossfrom Ola, Snapdeal investments

SoftBank posts $1.4-billion lossfrom Ola, Snapdeal investments Commenting on the same, a source close to the development told Moneycontrol , "The due diligence will start next week with some Flipkart executives coming to ( Snapdeal's ) office and warehouses". ANI Technologies, which runs Ola , reported revenues of Rs 758.23 crore in 2015-16 and a loss of around Rs 2,313.7 crore. "Indian e-commerce companies have seen funding dry up over the last few months ... [Full Article...]

Judge approves emissions-cheating settlement for 3-liter VWs

Judge approves emissions-cheating settlement for 3-liter VWs Last fall, Breyer approved a separate settlement for Volkswagen worth up to $14.7 billion, requiring it to buy back 475,000 2.0-liter polluting vehicles that emitted up to 40 times legally allowable emissions. Robert Giuffra, lead attorney for Volkswagen, said of Breyer's likely approval of its 3-liter settlement: "If the court approves these settlements, it means that we have reached a resoluti... [Full Article...]

Judge Orders Criminal Charge in PA Amtrak Derailment

Judge Orders Criminal Charge in PA Amtrak Derailment Earlier this week, the Office of Philadelphia District Attorney Seth Williams announced that it would not charge Bostian, the train's engineer, despite saying that Bostian was operating the train at an unsafe speed. The speed limit climbs from 50 miles per hour to 110 miles per hour about a mile and a half after the curve. A Philadelphia judge has ordered prosecutors to criminally charge speeding ... [Full Article...]

Here's Why Tribune Media Company (TRCO) Trending These Days

Here's Why Tribune Media Company (TRCO) Trending These Days This represents a $1.00 annualized dividend and a dividend yield of 2.42%. And it remains to be seen which target price TRCO can achieve without sacrificing much as the company is holding a 29.49% gain for the past twelve months. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 10.85% where SMA50 and SMA200 are 11.88% and 32.91% respectively. Wall Street analysts have a ... [Full Article...]

Greece's Demy into Eurovision final for 2017

Greece's Demy into Eurovision final for 2017 This is the third year in a row that Israel has qualified for the Eurovision final and the seventh time overall since the semi-finals system was introduced. Ahead of thiss Saturday's contest, Lucie's first performance of the song has been revealed. Imri Ziv, 25, won the right to represent Israel in the annual competition after winning this years "Rising Star" singing competition TV show. [Full Article...]

Emergency declared after nuclear waste tunnel collapse

The Hanford Site, about 150 miles southeast of Seattle, is a former nuclear production complex and home to a long-running, challenging and sometimes troubled clean-up operation. "We don't know exactly how the soil caved in, it's too early", Heeter said. The Hanford site was built during World War II and made plutonium for most of the USA nuclear arsenal, including the bomb dropped on Nagasak... [Full Article...]

AkzoNobel rejects third takeover bid from PPG worth $29 bln

AkzoNobel rejects third takeover bid from PPG worth $29 bln Later, AkzoNobel said PPG's €26.9bn offer was too low and "failed to reflect the true current and future value of the company". However, some of its biggest shareholders favour a deal. It refused to negotiate on the offers, to the annoyance of some shareholders. It hasn't yet said whether it would agree to hold an extraordinary meeting. [Full Article...]


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