Markets

Markets Ford pilot testing upper-body exoskeletons for above-the-head work
Author: 0 Ford pilot testing upper-body exoskeletons for above-the-head work

According to Russ Angold, Ekso's chief technology officer, the aim is to get workers used to the technology before moving eventually into "powered" exoskeletons that "will help with lift and carry" work. Ford and partner Ekso Bionics hope the latest technology may find widespread use in plants: the Ford Exoskeleton, or EksoVest. Ford has started piloting an exoskeleton vest created to assist with lifting actions involving five to 15 pounds at two of its USA plants.

Markets Equifax profit falls as hacking costs take toll
Author: 0 Equifax profit falls as hacking costs take toll

The company also said it's facing more than 240 class-action lawsuits and more than 60 regulatory or governmental inquiries. The Atlanta-based company said it recorded $87.5 million in expenses related to the hack during the quarter, including legal fees, investigation of the breach, and free credit monitoring for USA consumers whose data was exposed in the breach.

Markets Allahabad Bank Q2 net rises 8 pc to Rs 70 cr
Author: 0 Allahabad Bank Q2 net rises 8 pc to Rs 70 cr

Slippages from watchlist amounted to Rs 10,424 crore, while the total watchlist stood at Rs 21,288 crore. On the other hand net NPAs also lower at 5.43 percent against 5.97 percent on quarter-on-quarter basis. The lender expects loan growth to be about 5% for the current financial year. Net interest income grew by 27.3 percent year-on-year to Rs 18,585.9 crore in Q2 despite tepid loan growth.

Markets Record crops of corn, soybeans forecast in Kansas
Author: 0 Record crops of corn, soybeans forecast in Kansas

Harvested area of corn was forecast at 83.1 million acres, unchanged from October and down 4% from previous year. Chicago corn futures were set on Friday for a second week of decline, with prices trading near a one-year low as a USA government forecast of record yields weighed on the market.

Markets Crude Oil Dips On Unexpected Inventories
Author: 0 Crude Oil Dips On Unexpected Inventories

Data from the Energy Information Administration (EIA), published at 15:30 London time, showed that United States crude stocks had increased by 2.24m barrels in the week to 3 November. That is the lowest level since October 2016, though imports were up 7.8 percent from a year ago. The S&P Global Platts survey forecast supply declines of 2.25 million barrels for gasoline and 1.85 million barrels for distillates.

Markets China's ByteDance buys Musical.ly teen app for United States dollars 800 mln
Author: 0 China's ByteDance buys Musical.ly teen app for United States dollars 800 mln

The firms did not disclose financial details of the deal. Musical.ly users can create their own music videos and add special effects and then share them with others publicly or privately over the app's social network. Bloomberg said it is also looking to make interactive content for a younger audience. "[By] integrating Musical.ly's global reach with ByteDance's massive user base in China and key Asian markets, we are creating a significant global platform for our content creators and ...

Markets U.S. resumes limited visa services in Turkey
Author: 0 U.S. resumes limited visa services in Turkey

That move followed the arrest of a local employee at the U.S. Consulate in Istanbul, prompting a tit-for-tat response from Ankara . "Turkish authorities will inform the US Government in advance if the Government of Turkey intends to detain or arrest a member of our local staff in the future", read the statement.

Markets Uber loses employment rights case in Britain
Author: 0 Uber loses employment rights case in Britain

It said that its model was no different than a traditional taxi or self-hire company whose drivers are considered self-employed. However, Tom Elvidge, the company's acting general manager in the United Kingdom, said the firm intends to appeal Friday's ruling.

Markets Boring Money warns of gender investment gap
Author: 0 Boring Money warns of gender investment gap

Mackay pointed out that over any ten year period since the stock market began, stocks have done better than cash nine times out of 10, meaning women have continued to miss out on these returns. Hundreds of thousands of women, including some MPs and BBC presenters, are calling for an end to the pay gap, which is 18.4% on average in the UK.

Markets Noticeable Price Moves: JC Penney Company, Inc. (JCP)
Author: 0 Noticeable Price Moves: JC Penney Company, Inc. (JCP)

C. Penney Company, Inc. Net loss for its fiscal third quarter ended October 28, 2017 widened to $128 million, or $0.41 per share, from $67 million, or $0.22 per share in the same period previous year. J.C. Penney reported some good news from its third quarter: a 1.7 percent increase in same-store sales that beat forecasts and a smaller loss than expected.

Markets China opens up its financial sector to foreign ownership
Author: 0 China opens up its financial sector to foreign ownership

China announces major steps to give foreign companies more control in financial services joint ventures in a news briefing on Friday. After reopening following the lunchtime break, the benchmark Shanghai Composite Index is edging higher in afternoon trade.

Markets British industrial output jumps in September
Author: 0 British industrial output jumps in September

Last week the Bank of England's Monetary Policy Committee raised interest rates from 0.25 per cent to 0.5 per cent, the first increase in the cost of borrowing since July 2007, despite the fact that the economy has slowed considerably this year and considerable trepidation from many firms over Brexit.

Author: 0 Vodafone takes on BT with United Kingdom fibre network launch

CityFibre will build and operate the network and Vodafone will be given exclusive early rights. Vodafone has signed a partnership deal with Cityfibre to build high-speed broadband networks to as many as 5 million United Kingdom homes, in a move that will create a powerful new rival to BT's Openreach.

Markets Sean Parker says Facebook 'exploits' human psychology
Author: 0 Sean Parker says Facebook 'exploits' human psychology

But in his comments this week, Parker argued that the big brains behind big social networks knew exactly what they were doing when they developed their sites' advertising-based models. Parker, 38, is now the founder and chair of the Parker Institute for Cancer Immunotherapy . In the wake of last year's US election, in which Russian interference and "fake news" on social networks became major topics, many are rethinking the role of social media in our society.

Markets MGM Resorts International (NASDAQ:MGM) Expected To Report Earnings On Wednesday
Author: 0 MGM Resorts International (NASDAQ:MGM) Expected To Report Earnings On Wednesday

At the time of writing, MGM Resorts International (NYSE:MGM) has a Piotroski F-Score of 6. Over the last quarter, insiders have sold 698,548 shares of company stock valued at $23,770,532. Maestri Luca sold $735,898 worth of stock or 4,757 shares. SANDERS COREY IAN also sold $677,570 worth of MGM Resorts International (NYSE:MGM) shares.

Markets Oil prices hit two-year high following Saudi corruption crackdown
Author: 0 Oil prices hit two-year high following Saudi corruption crackdown

West Texas Intermediate, the USA benchmark for the price of oil, was down 0.33 percent to $57.01 per barrel. Saudi Arabia's recent crackdown on corruption apparently helps Crown Prince Mohammad bin Salman in consolidating power while removing any challenger within the family.

Markets North Atlantic Treaty Organisation troop boost falls short of new Afghanistan strategy aims
Author: 0 North Atlantic Treaty Organisation troop boost falls short of new Afghanistan strategy aims

The NATO head said the additional troops , half of which will come from the United States, will not participate in combat but will train the Afghan military and police authorities. Though military officials deem that increase necessary, the Pentagon has also stressed that for the American-led mission to succeed, more worldwide forces, chiefly from North Atlantic Treaty Organisation members, would be required...

Author: 0 BTS to appear on United States talk show

The pop sensation South Korean band BTS has confirmed to appear on Ellen DeGeneres show today (November 9) in addition to their scheduled appearance on ABC's Jimmy Kimmel Live . The group will perform live on the show on November 21st, marking their US daytime television debut. There have been several K-pop groups that have performed at a late-night show for the past couple of years according to Billboard .