Goldman Sachs Group Inc. (GS) Plans $0.65 Quarterly Dividend

Thomson Reuters analysts were expecting revenues of $7.58 billion and EPS of $3 for Goldman Sachs Group Inc., (NYSE: GS). Goldman cut staff numbers by 5% in the second quarter and pay fell by 13%, which the bank blamed on lower revenue. Finally, Ci... More..

by | Published more than a month ago
US Prosecutors' 1MDB Case Divides Malaysia
by | Saturday, July 23, 2016

US Prosecutors' 1MDB Case Divides Malaysia

The statement follows a lawsuit filed by US prosecutors to seize more than $1 billion in assets they said were tied to money stolen from the Malaysian state development fund, which was overseen by the prime min...More..

Verizon on the verge of a $5 Billion Yahoo acquisition
by | Saturday, July 23, 2016

Verizon on the verge of a $5 Billion Yahoo acquisition

The deal would end a months-long bidding process for Yahoo , which began earlier this year when Chief Executive Officer Marissa Mayer - after keeping investors at bay for years - said the company would explore...More..

Pokemon Go Release Pushed Up Nintendo Shares to 50%
by | Friday, July 22, 2016

Pokemon Go Release Pushed Up Nintendo Shares to 50%

SurveyMonkey reckons that the game had attracted just under 21m daily active users. Now, a week after first launching in the US, Australia and New Zealand, it's become available in the United Kingdom on Goo...More..

by | Friday, July 22, 2016

Bank of England: 'No evidence Brexit hitting United Kingdom economy'

And although the agents found that there had been a marked rise in business uncertainty as Britain prepares to enter a two year long exit negotiation with her former Brussels partners, they further found that c...More..

Oil market recedes with rate calls in view
by | Friday, July 22, 2016

Oil market recedes with rate calls in view

US crude for August delivery recently traded up 27 cents, or 0.6%, to $44.92 a barrel on the New York Mercantile Exchange. Crude oil prices edged up in early Asian trading on Thursday after the US Energy De...More..

by | Friday, July 22, 2016

Cruz throws a wrench in Trump's convention

Delegates hold signs in support of Donald Trump during roll call at the Republican National Convention . "If he wasn't going to endorse, he shouldn't have been anywhere near the podium". "In the short-term, ho...More..

Call for Malaysia PM to step down over 1MDB scandal
by | Friday, July 22, 2016

Call for Malaysia PM to step down over 1MDB scandal

The US Justice Department filed lawsuits Wednesday to seize assets including luxury real estate in Beverly Hills, New York and London, artworks by Monet and Van Gogh, and a Bombardier business jet, saying they ...More..

by | Friday, July 22, 2016

Dalits across India see me as "devi": Mayawati

Mayawati said the remarks by the BJP leader reflected a "capitalistic mindset" and asserted that never in her political career had she used derogatory or personal remarks against her adversaries or questioned ...More..

Unemployment in New Jersey edges up in June
by | Friday, July 22, 2016

Unemployment in New Jersey edges up in June

IL added a net 41,300 jobs over the past year, according to IDES. The preliminary June jobless rate was 0.3% lower than the June 2015 rate of 5.3%. Over the last 12 months, unemployment crept up by three-tent...More..

by | Friday, July 22, 2016

The government is suing to stop two colossal health insurance mergers

Bloomberg said a source familiar with the matter said the antitrust officials will file lawsuits to block both Anthem's takeover of Cigna and Aetna's proposal to buy Humana . Amthem and Cigna had differen...More..

RBNZ set to cut rates as it targets high currency, low inflation
by | Friday, July 22, 2016

RBNZ set to cut rates as it targets high currency, low inflation

In its statement on Thursday, the RBNZ said it was very clear it was unhappy the currency's rise. Monetary policy will remain accommodative, with "further easing" likely required to ensure inflation appro...More..

5 things to know about Covered California's rate increases
by | Friday, July 22, 2016

5 things to know about Covered California's rate increases

In 14 states analyzed by the consultancy Avalere Health last week, the cost of an average-priced plan will rise 11 percent if insurers are allowed to adopt the rates they've requested. Lee said the exchange is ...More..

GOP Convention: Doom and gloom at home, clamor for Trump
by | Thursday, July 21, 2016

GOP Convention: Doom and gloom at home, clamor for Trump

Trump would gain the nomination at a time of crisis and tumult at home and overseas, punctuated Sunday by the deadly shooting of three police officers in Baton Rouge, Louisiana. Trump's opponents want to change...More..

Big 12 directs commissioner to evaluate expansion candidates
by | Thursday, July 21, 2016

Big 12 directs commissioner to evaluate expansion candidates

It's possible the American Athletic Conference, which has been the top league outside the Power Five, could lose multiple teams. And so the Big 12 suddenly saw itself as vulnerable and poor. Grobe had said, "...More..

HSBC London Head of Foreign Exchange, Mark Johnson Arrested in NY
by | Thursday, July 21, 2016

HSBC London Head of Foreign Exchange, Mark Johnson Arrested in NY

As a result, HSBC made $8 million in profits, according to the release. Mark Johnson - global chief of foreign exchange trading at HSBC in London - was arrested at JFK airport on Tuesday. There was no immed...More..

by | Thursday, July 21, 2016

UK Labour lawmaker Owen Smith says to run for party leadership

Iain McNicol, the party's general secretary, had sought legal advice over the interpretation of a key paragraph of the rules for electing a Labour leader, which were revised by Ed Miliband. The Labour leader ...More..

Clinton closes in on VP choice: Kaine and Vilsack leading the way
by | Thursday, July 21, 2016

Clinton closes in on VP choice: Kaine and Vilsack leading the way

She is expected to announce her running mate Friday, a day after Donald Trump's speech at the Republican Convention and a couple days before the Democratic National Convention begins in Philadelphia. Clinton ...More..

Unilever Buys Dollar Shave Club
by | Thursday, July 21, 2016

Unilever Buys Dollar Shave Club

The Unilever-Dollar Shave Club deal reflects the growing importance of emerging brands, vertical integration, and the consumer direct route to market favored by new CPG market entrants such as Dollar Shave C...More..

by | Thursday, July 21, 2016

Enbridge to pay $62 million fine, $120 million costs for MI spill

Enbridge will also pay civil penalties of $62 million for violating the Clean Water Act with the leakage of thousands of barrels of oil. The Marshall spill raised numerous questions about Enbridge's pipelin...More..

Giuliani hammers Clinton, pumps up crowd at RNC
by | Wednesday, July 20, 2016

Giuliani hammers Clinton, pumps up crowd at RNC

Speaking early in the night's primetime lineup on national television was Patricia Smith, the mother of one of the Americans killed in Benghazi, Libya, in 2012. Also on Monday, the "Never Trump" movement, which...More..

by | Wednesday, July 20, 2016

Yahoo reports another big loss, writes down Tumblr value

Gross search revenue for the quarter was $765 million, down 17 percent from the same period previous year. Of course, this write down isn't coming completely out of the blue. Sunnyvale, California-based Yaho...More..

Soft iron ore output for Rio
by | Wednesday, July 20, 2016

Soft iron ore output for Rio

This was below analyst expectations of about 83.3 million tonnes. Rio Tinto chief executive J-S Jacques states: " Rio Tinto has delivered another robust quarter of operational performance". With a total mark...More..

by | Tuesday, July 19, 2016

Dollar rallies with Fed rate hike back in focus

USA inflation ex-food and energy rose was 2.3 percent in June, from 2.2 percent in May, data showed on Friday, while retail sales advanced 0.6 percent from the previous month, more than the estimate for a 0.1 p...More..

IBM's 2Q profit, revenue slip but beat Street forecasts
by | Tuesday, July 19, 2016

IBM's 2Q profit, revenue slip but beat Street forecasts

In January, IBM had lowered guidance for the year and Mr. Schroeter said earnings were in line with that projection. Moreover, unlike in some prior quarters, the EPS beat wasn't driven by massive stock buyb...More..

Yahoo revenue up in Q2, but earnings per share misses expectations
by | Tuesday, July 19, 2016

Yahoo revenue up in Q2, but earnings per share misses expectations

Yahoo had 9400 employees at the end of the first quarter. To Pozner, Yahoo has essentially lost its Silicon Valley mojo, and with it, the interest of an otherwise tech-obsessed public and its ability to lu...More..

Turkish F-16s patrol skies days after failed coup
by | Tuesday, July 19, 2016

Turkish F-16s patrol skies days after failed coup

Turkish authorities moved swiftly to retaliate for Friday night's coup, in which more than 200 people were killed when a faction of the armed forces tried to seize power. Broadcaster NTV cited Justice Minister ...More..

by | Tuesday, July 19, 2016

Herbalife to pay $200M, but avoids more serious charges

With shares of Ackman's most notorious long Valeant Pharmaceuticals Intl Inc (NYSE: VRX ) already down 77.4 percent this year, Ackman short Herbalife Ltd. At least two-thirds of rewards paid by Herbalife ...More..

U.S. markets show little change in early trading
by | Tuesday, July 19, 2016

U.S. markets show little change in early trading

An attacker killed at least 73 people and injured scores when he drove a truck at high speed into a crowd watching Bastille Day fireworks in the French Riviera city of Nice late on Thursday. Only 28 stocks in t...More..

South Korea PM pelted with eggs over nuclear row
by | Tuesday, July 19, 2016

South Korea PM pelted with eggs over nuclear row

South Korean activists have been concerned about harmful radiation emitted from electromagnetic radar waves as well as the system's noise level. Defense Minister Han Min Koo told residents Wednesday he would ...More..

Texas retail gasoline prices down 3 cents this week
by | Tuesday, July 19, 2016

Texas retail gasoline prices down 3 cents this week

Omaha- $2.20/g, down 0.4 cents per gallon from last week's $2.21/g. Nationwide, prices tumbled more than 4 cents to $2.217. Finally! Summer gas prices are finally taking a slight dip. "Average prices are abou...More..

New Zealand Consumer Price Index Unchanged in Second Quarter
by | Monday, July 18, 2016

New Zealand Consumer Price Index Unchanged in Second Quarter

What this means for you is that the price of petrol has gone up from $1.69 per litre in the March quarter to $1.78 in the June quarter. It bought 70.83 US cents at 11:00 a.m.in Wellington from around 71.50 cent...More..

by | Sunday, July 17, 2016

Cavendish secures 4th victory in this year's Tour de France

And while many have suggested it has been track training ahead of next month's Olympics that has been behind his return to form, Cavendish points out greater maturity as the main difference. Four riders — Mar...More..

Citi beats expectations, bets on consumers amid low rates
by | Sunday, July 17, 2016

Citi beats expectations, bets on consumers amid low rates

Shares rose 1. 1 per cent to $44.92 in pre-market trading in NY. Like its competitor JPMorgan Chase, Citigroup had a strong quarter in its trading operations that helped boost its profitability, while its...More..

Uncoupling complete but Gwyneth Paltrow and Chris Martin still friends
by | Sunday, July 17, 2016

Uncoupling complete but Gwyneth Paltrow and Chris Martin still friends

They reached a settlement in May with both parties giving up their rights to spousal support while determining child custody, visitation and support in a private agreement. Martin and his band Coldplay have won...More..

BP's Total Costs for Deadly Oil Spill Hit $62 Billion
by | Sunday, July 17, 2016

BP's Total Costs for Deadly Oil Spill Hit $62 Billion

It estimates the total after-tax cost of spill claims to be $44 billion. Energy major BP estimates the total cost of the 2010 Gulf of Mexico oil spill will be $61.6 billion, and suggests further claims relate...More..

Sterling Zooms After BOE Keeps Rates Steady Yen Slips
by | Saturday, July 16, 2016

Sterling Zooms After BOE Keeps Rates Steady Yen Slips

Possibly helping to trigger the yen's latest was a story by Bloomberg that former U.S. Federal Reserve Chairman Ben Bernanke had floated the idea of perpetual bonds with one of Prime Minister Shinzo Abe's ...More..

New UK Treasury chief says there'll be no emergency budget
by | Saturday, July 16, 2016

New UK Treasury chief says there'll be no emergency budget

Johnson had a call with US Secretary of State John Kerry, where they pledged to work together as North Atlantic Treaty Organisation allies and Kerry offered US support for "a sensible and measured approach to...More..

by | Saturday, July 16, 2016

Wall Street inches to another high on strong retail sales data

Wells Fargo reported a slight decline in net income year-over-year in Q2 (from $5.7 billion down to $5.6 billion, of $1.01 per share) but did report an uptick in net income from Q1 ($5.5 billion) and a 4 perce...More..

Monsanto Shares Soar after Bayer Raises its Acquisition Offer
by | Friday, July 15, 2016

Monsanto Shares Soar after Bayer Raises its Acquisition Offer

Bayer AG boosted its takeover offer for Monsanto Co.to about $65 billion in a bid to overcome the USA seed company's resistance to the tie-up and join a parade of consolidation in the agriculture industry....More..

by | Thursday, July 14, 2016

Philadelphia airport workers vote to strike during DNC

SEIU 32BJ has been trying to unionize airport workers and area Vice President Gabe Morgan says years of worker protests have led to wage increases to $12 an hour. Mr. Morgan said no date for a strike had been s...More..

Severe thunderstorm watch in effect until 9 pm
by | Thursday, July 14, 2016

Severe thunderstorm watch in effect until 9 pm

Damaging winds and large hail are also possible through central Iowa, the release said. Forecasters with the National Weather Service in Lincoln say the storms could be severe once they reach Central Illinois...More..

Burberry expecting bigger boost from sterling
by | Thursday, July 14, 2016

Burberry expecting bigger boost from sterling

It said its adjusted profit for the year would be boosted by about £90m, compared with a previous forecast of a £50m boost. In the wake of board changes announced on Monday, including chief executive Christop...More..

Why Seagate Technology PLC Stock Popped Today
by | Wednesday, July 13, 2016

Why Seagate Technology PLC Stock Popped Today

The company said late Monday that the job cuts were part of a restructuring plan that would consolidate Seagate's global presence across Asia, Europe, the Middle East, Africa and the Americas. In other Seaga...More..

by | Tuesday, July 12, 2016

Zika Virus Confirmed in Utah Woman Who Died

Byers said that for people in MS, the Zika virus is really only unsafe if they travel to South America, Central America, the Caribbean and areas where the virus is being transmitted. Utah residents who t...More..

Boeing inks US$4B deal with China's Donghai Airlines
by | Tuesday, July 12, 2016

Boeing inks US$4B deal with China's Donghai Airlines

UALA LUMPUR:China Southern Airlines's unit Xiamen Airlines has inked an MoU with Boeing to purchase up to 30 737 MAX 200 airplanes, valued at up to US$3.39bil (RM14.91bil) at current list prices. The deal discl...More..

In Wake of Shootings, Local Rally Planned
by | Tuesday, July 12, 2016

In Wake of Shootings, Local Rally Planned

Madison police officers escorted protesters as they continued to the Dane County Public Safety Building Jail. Yesterday's attack was the result of the actions of a lone gunman. About 300 protesters faced offi...More..

Pep Guardiola takes first training session as Manchester City manager
by | Tuesday, July 12, 2016

Pep Guardiola takes first training session as Manchester City manager

In this context Ilkay Gundogan's €25 million signing from Borussia Dortmund can be viewed as a statement of intent. "But it's important for the fans too because they can feel special about that player". His d...More..

by | Tuesday, July 12, 2016

Black Lives Matter protesters march through Boston

A prominent Black Lives Matter activist, three journalists and more than 120 others people were taken into custody during demonstrations in Louisiana. Curry was determined to make sure it was a peaceful prote...More..

SC tells Roy to cough up Rs 300 cr more
by | Tuesday, July 12, 2016

SC tells Roy to cough up Rs 300 cr more

Mr Roy was granted parole on May 6 this year which was extended by two months on May 11. Meanwhile, the bench also granted parole to another Director of the Group, Ravi Shanker Dubey, jailed along with Roy an...More..