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Kraft Heinz Co. recently tried to buy rival Unilever Plc for US$143 billion, and while that transaction was abandoned with the price tag deemed too low, there is surely more to come, both in the packaged food sector and the fast food space.
  • Economy Watch: Fed Chair Says Rates Will Go Up (Eventually)

    Economy Watch: Fed Chair Says Rates Will Go Up (Eventually)

    Money

    Bonds sold off quickly after Yellen's testimony, as the head of the US central bank said that it would be "unwise" to wait too long to hike rates. Chris Rupkey, chief financial economist at MUFG Union Bank in NY, said that Yellen not only hinted at a rate hike but gave a clear indication that she did not want to be behind the curve by moving too slowly.
  • Trump attends Boeing's rollout of new 787 Dreamliner today

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    Trump's remarks will be streamed live at 10:05 a.m. Pacific , according to the White House. 'That is one lovely aeroplane, ' Trump said of the 787-10, dubbed the 'Dreamliner.' He added, 'What an fantastic piece of art. "The name says it all: Dreamliner", Trump said. Before Trump took the stage, Henry McMaster, governor of SC, also poured praise on Boeing, saying this 'may be the single best day in the history of SC'.
  • Inflation jumps to two-year high of 1.8 per cent

    Money

    The Office for National Statistics (ONS) figure - which is a rise from the 1.6 per cent in December and the highest since June 2014's 1.9 per cent - was largely down to transport and fuel costs. Survey data show United Kingdom manufacturers' costs rising in January at the steepest rate in 25 years' of data collection. Food inflation was in the negative zone for the second month running, with index down 0.56% in January from that a year ago.
  • Verizon angling to lower price of Yahoo purchase

    Money

    According to its report , sources say both companies are expected to share legal culpability related to the breaches. Verizon originally agreed on a sale price of US$4.83 billion in July 2016 for Yahoo!'s assets apart from Yahoo!'s cash, its shares in Alibaba, its shares in Yahoo! United State's largest wireless communication service provider Verizon Communications Inc .
  • Credit Suisse Stock Rises on Revenue Growth and Restructuring

    Money

    Mathers did not specify the types of positions or regions that would be most affected, but a Credit Suisse spokesman said in an e-mail that the focus would be "on contractors, consultants and other contingent workers" that the bank employs by the tens of thousands.
  • Restaurant Brands International Inc. (NYSE:QSR)

    Restaurant Brands International Inc. (NYSE:QSR)

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    Restaurant Brands International has a 52 week low of $30.69 and a 52 week high of $54.30. Total comparable sales at Burger King rose 2.8 per cent in the three-month period ending December 31, beating the average estimate of a 2.5 per cent rise, according to research firm Consensus Metrix.
  • Seoul: Won inches up ahead of Yellen speech, stocks weaker

    Seoul: Won inches up ahead of Yellen speech, stocks weaker

    Money

    The Fed chairwoman painted a largely positive picture of the United States economy but warned that "changes in fiscal policy or other economic policies could potentially affect the economic outlook". With at least three vacancies expected on the Federal Reserve's Board of Governors this year, the central bank may not be exempt from a Trump-led shakeup, strategist Mark Grant told CNBC on Monday.
  • Sears, Kmart drop Trump Home merchandise from websites

    Sears, Kmart drop Trump Home merchandise from websites

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    Trump Home items include products like chandeliers, mirrors, lighting, furniture, and bedding, according to the Trump Home site . Neil Stern, a retail consultant for McMillan Doolittle, said Nordstrom may have felt insulated given its stores tend to be located in cities and affluent suburbs, which tend to tack Democratic.
  • Activision Blizzard, Inc. Boosts Dividend, Buyback Amid Strong Q4 Results

    Money

    The high end of the revenue guidance is $1.49 Billion and the low end is $1.39 Billion. ATVI's institutional ownership was registered as 89.20% while insider ownership was 0.50%. If you are viewing this story on another publication, it was illegally copied and reposted in violation of United States and global copyright laws.
  • Nokia to acquire Comptel, ramp up its software strategies

    Nokia to acquire Comptel, ramp up its software strategies

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    Nokia says the beefed-up OSS capabilities from Comptel when combined with Nokia's Cloudband and Nuage portfolios, will enable it to provide customers with complete, end-to-end orchestration of complex network functions virtualization (NFV) and software-defined networking (SDN) deployments.
  • Blizzard now lets you trade WoW tokens for Battle.net credit

    Money

    Blizzard sells them from an in-game shop for $20 Dollars (€20, £15, ¥75 CNY, ₩22,000 KRW, ) but the purchase price using in-game gold fluctuates according to players themselves - buyers and sellers can set their own prices via an in-game Auction House.
  • Lubar Inc adds Ford Motor Company (F) by $494400

    Money

    GM expects full-year adjusted earnings for this year to come in between $6 and $6.50 per share, which is well ahead of the current consensus of $5.86 per share. Following the transaction, the insider now directly owns 503,246 shares in the company, valued at $5,968,497.56. Ford Motor Co. (NYSE:F) has a market capitalization of 49.91 Billion.
  • Planned Parenthood backers expected at commission meeting

    Money

    Videos produced in the series include "Ultrasounds for Killing, Not Care at Planned Parenthood ", "Planned Parenthood Managers: Ultrasounds for Abortions, Not Care ", "The Prenatal Care Deception " and the latest video, "Planned Parenthood's Abortion Quotas ".
  • Twenty-First Century Fox Inc (FOXA)

    Money

    These ratios are important while doing valuation of the company or the shares of the company. While looking at the Stock's Performance, Twenty-First Century Fox, Inc . The company's 50-day moving average price is $29.74 and its 200-day moving average price is $26.81. The adverse impact of foreign exchange rates impacted quarterly revenue growth by $84 million.
  • Hamas Rocket Hits Israel; IDF Fires Back, Destroying Gaza Naval Base

    Hamas Rocket Hits Israel; IDF Fires Back, Destroying Gaza Naval Base

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    The Israeli army usually retaliates by striking the positions of Hamas, which it holds responsible for the territory. An army statement said that a "projectile" fired from Gaza landed in an open area in Israel, causing no harm. Both Shihab and Hamas spokesmen called on the global community to immediately intervene to halt the Israeli aggression on Gaza and on the Palestinian people.
  • U.S. retailer Nordstrom winds down Ivanka Trump brand partnership

    Money

    While Ivanka's brand has been the focus of the #GrabYourWallet boycott, neither company mentioned it specifically as a reason for dropping her merchandise. However, Nordstrom became a main target of the boycott following the release of an open letter by a shopper to the retailer that went viral last October.
  • Mistry fails to get Tata EGM stalled

    Money

    Mistry's ouster from Tata Sons board would be a final blow to his family-owned companies that were instrumental in dragging Tata Sons to law tribunal. Dismissing the appeal, a bench comprising NCLAT chairperson SJ Mukhopadhaya and member Balvinder Singh said that the NCLT should decide the company's original petition expeditiously.
  • DOD, Lockheed Martin agreement cuts price of F-35

    DOD, Lockheed Martin agreement cuts price of F-35

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    The 90 aircraft covered under the contract are for the Air Force, Marine Corps, Navy and several allies. This is more than the $600 million that U.S. Gen. Chris Bogdan, F-35 Program Executive Officer, in a statement . According to the JPO's math, the F-35A's price decreased by 7.3% to $94.6 million, including the Pratt & Whitney F135 engine.
  • Dakota Access Pipeline Set For Completion After Army Engineers' Approval

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    Police in the U.S. state of North Dakota say they have arrested 76 people protesting against a controversial oil pipeline. In a statement on Tuesday, the Standing Rock Sioux wrote: "To abandon the (environmental impact statement ) would amount to a wholly unexplained and arbitrary change based on the President's personal views and, potentially, personal investments ".
  • CBN's PMI report indicates economic decline in January

    CBN's PMI report indicates economic decline in January

    Money

    The Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) edged down to 55.9 from December's 2-1/2 year peak of 56.1, matching the consensus forecast in a Reuters poll. "Optimism about the year ahead has risen to the highest since the region's debt crisis, suggesting companies are maintaining a buoyant mood despite the heightened political uncertainty caused by Brexit and looming general elections in the Netherlands, France and Germany".
  • Arsenal vs. Watford: Score and Reaction from 2017 Premier League Match

    Money

    A deflated Arsene Wenger was left to dwell on the double blow of Arsenal's surprise 2-1 home defeat to Watford and an injury setback for Aaron Ramsey . Sanchez and Iwobi were Arsenal's main hope for an equaliser, and Watford were panicking as the Gunners pair sliced through the defence. Wenger's yet to score a single goal for the side this season.
  • Volkswagen beats Toyota, taking first spot in sales

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    The German manufacturer, which also owns Audi and Porsche, said it sold 10.3 million vehicles worldwide previous year. Slowly, VW has been clawing at Toyota's dominance, and in 2016, the German automaker finally took the top spot in vehicle sales.
  • Bank of Japan raises growth forecasts

    Money

    The BoJ upgraded its growth outlook for fiscal 2017 to 1.5 percent from 1.3 percent and that for the fiscal 2018 to 1.1 percent from 0.9 percent. A short while ago the yen was at 113.29 per U.S. "What the BOJ really wants to see is strong wage gains helping inflation pick up, but they are not talking much about it because there's not much hope for wages", Noguchi said.
  • Two charged in Hamilton ticket resale Ponzi scheme

    Money

    Steven Simmons, a middleman raises money from investors for hedge funds, and Joseph Meli, a concert promoter, were charged with securities fraud by federal prosecutors in NY. A criminal complaint said the men instead diverted at least $51 million to pay off other investors and for their own use. But the money was diverted to other investor repayments and $2 million in personal expenses as well, including $82,000 to a jewelry store, $208,000 for a luxury vehicle dealership and almost $50,000 ...