Markets

Markets Ford to launch scrappage incentive scheme
Author: 0 Ford to launch scrappage incentive scheme

Buyers of new Ford vehicles who are trading in pre-Euro 5 compliant vehicles, registered before 2009, could see up to a £7,000 discount. Vauxhall and BMW launched trade-in programs earlier this year. "Ford shares society's concerns over air quality", its managing director in Britain Andy Barratt said on Tuesday. "We don't believe incentivising sales of new cars goes far enough and we will ensure that all trade-in vehicles are scrapped".

Markets Hyundai begins showcasing its new fuel cell vehicle
Author: 0 Hyundai begins showcasing its new fuel cell vehicle

Specifically, this FCEV (fuel cell electric vehicle) concept previews a production model coming next year. "We're strengthening our eco-friendly auto strategy, centreing on electric vehicles", Executive Vice President Lee Kwang-guk told a news conference, calling the technology mainstream and realistic.

Markets BHP returns to profit but misses forecasts
Author: 0 BHP returns to profit but misses forecasts

But it's worth asking whether the decision to put the shale assets up for sale and increase dividends was motivated mainly by Elliott's intervention, or whether they would have happened anyway. And today BHP announced a bigger than expected dividend. The result was driven by the company's Pilbara iron ore operations which delivered revenue of $US14.6 billion, compared with $US10.5 billion last financial year on higher prices for the commodity.

Markets China Unicom +3.3% as $11.7B reform plan gets regulatory OK
Author: 0 China Unicom +3.3% as $11.7B reform plan gets regulatory OK

China Unicom (NYSE: CHU ) is up 3.3% out of the open in NYSE trading, following similar moves up in Asia today after a somewhat chaotic ownership reform plan got a sign-off from regulators . Finally, Jefferies Group LLC upgraded China Unicom (Hong Kong) from an "underperform" rating to a "buy" rating in a report on Thursday, April 27th. Cubist Systematic Strategies LLC now owns 17,478 shares of the Wireless communications provider's stock worth $261,000 after buying an additional 7,239 shares ...

Markets Momentum Stock: Wal-Mart Stores Inc. (WMT)
Author: 0 Momentum Stock: Wal-Mart Stores Inc. (WMT)

The Burney Co holds 84,399 shares with $5.83M value, up from 79,334 last quarter. Hawaiian Holdings Inc Com now has $2.23 billion valuation. The stock declined 0.35% or $0.19 reaching $53.76 on the news. Thomas J Herzfeld holds 1,266 shares. The stock grabbed 128 new institutional investments totaling 13,820,620 shares while 66 institutional investors sold out their entire positions totaling 4,494,958 shares.

Markets Majority of FTSE 350 boards lack cyber incident training
Author: 0 Majority of FTSE 350 boards lack cyber incident training

Nearly 70 PER CENT of company directors have no training in responding to cyber attacks, according to a survey of 105 businesses in the FTSE 350. "They must move away from IT security awareness training being a box-ticking exercise to a more immersive experience that can actually make a difference in an employee's behaviour", he said.

Markets McDonald's closing all outlets in north, east India
Author: 0 McDonald's closing all outlets in north, east India

These franchises will have to stop using McDonald's name, trademarks, design and recipes within 15 days of getting the notice, McDonald's declared. CPRL is considering appropriate legal remedies that are available under law, ' he added. He further said one of the items on the agenda was to discuss the re-opening of the 43 restaurants whose operations lie now suspended. The move by McDonald's India follows a protracted legal dispute with CPRL that started in 2013, when McDonald's said ...

Markets Watchers 'could cost USA bosses $947m'
Author: 0 Watchers 'could cost USA bosses $947m'

The report cites an estimate provided by Challenger, Gray & Christmas, a firm that tallied up the possible lost moments of work Monday. It may be a once-in-a-lifetime event, but next Monday's total eclipse of the sun will cost US companies hundreds of millions of dollars in lost productivity.

Markets Safety Alert: Dutch Bros. recalls solar eclipse glasses
Author: 0 Safety Alert: Dutch Bros. recalls solar eclipse glasses

According to Dutch Bros, the glasses were purchased after receiving a certification of ISO - meaning the glasses were safe to use - from the manufacturer. Another wrote : "Pisses me off getting up at 4 in morning waiting in line to get these for my kids and they are unsafe thank you for the warning but this was all we had to watch it now we cant".

Markets Sensex, Nifty tumble as Infosys, global cues continue to hurt markets
Author: 0 Sensex, Nifty tumble as Infosys, global cues continue to hurt markets

He also cited recent business challenges created by geopolitical developments, including USA leadership by President Donald Trump and last year's Brexit vote in the United Kingdom. The board accepted his resignation, effective immediately. Headquartered in the southern city of Bengaluru , India's Silicon Valley, Infosys grew to become the country's second largest IT services company.

Markets Sempra Energy to buy Oncor in $18.8bn deal
Author: 0 Sempra Energy to buy Oncor in $18.8bn deal

San Diego-based Sempra is the mystery bidder that was mentioned at an Aug 18 bankruptcy hearing, according to people familiar with the matter. According to Reuters , the board at Energy Future opted for the Sempra bid after receiving assurances from Sempra officials that its offer for Oncor would receive approval from the Public Utility Commission of Texas, as well as a USA bankruptcy judge.

Markets Rosneft-led Consortium Completes Acquisition Of 49% Stake In India's Essar Oil
Author: 0 Rosneft-led Consortium Completes Acquisition Of 49% Stake In India's Essar Oil

Share prices of ICICI Bank , Axis Bank , Yes Bank and IDBI Bank gained up to 2.5 percent intraday Monday after the largest FDI deal (USD 12.9 billion) between Russian oil giant Rosneft and Essar Oil concluded today. It is also Russia's single-largest foreign investment made anywhere in the world. He said the deal "reflects the shared vision of two of the world's most dynamic leaders".

Markets China's Great Wall Motor plans Fiat Chrysler purchase
Author: 0 China's Great Wall Motor plans Fiat Chrysler purchase

Jeep, which celebrated its 75th birthday a year ago, is considered FCA's most marketable brand. Great Wall Motor shares were up nearly 3% in Shanghai. Great Wall is known for its SUVs, vehicles, which are popular in China, so a deal would be "quite complementary", Mr Russo added. Yale Zhang, head of the Shanghai consultancy Automotive Foresight, commented: "Jeep is the most logical choice since (Great Wall) wants to be the largest SUV maker in the world".

Markets Stenson bags first win of 2017 at Wyndham
Author: 0 Stenson bags first win of 2017 at Wyndham

Henrik Stenson is Sky Bet's 6/4 favourite to win the Wyndham Championship after opening up a one-shot after day three in North Carolina. That took him to 22 under for the tournament, breaking the course record which had been set by fellow Swede Carl Pettersson in 2008 and matched a year ago by Si Woo Kim.

Markets Rathbones in talks with Smith & Williamson over £2bn merger
Author: 0 Rathbones in talks with Smith & Williamson over £2bn merger

While it is the policy of AGF Management Limited (TSX:AGF.B) not to confirm or deny market rumours, in response to media reports in the U.K. regarding a potential change to its investment in Smith & Williamson, a private client business based in the U.K., AGF confirms that Smith & Williamson, a company which AGF now owns 32.3% of, is in exclusive discussions with Rathbone Brothers regarding a possible merger of the two companies.

Markets French group Total buys Maersk Oil in $7.5 billion deal
Author: 0 French group Total buys Maersk Oil in $7.5 billion deal

Maersk will receive 97.5 million shares in Total with a value of $4.95 billion equal to approx. Planned development schedules and investments in strategic and sanctioned projects will be upheld. Paris: French oil giant Total said Monday that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).

Markets Volkswagen gives green light for electric version of classic Microbus camper van
Author: 0 Volkswagen gives green light for electric version of classic Microbus camper van

The microbus has always been associated with California hippies and surfers. Seeking to reignite Americans' love affair with the microbus , Volkswagen Group said Saturday that it would bring the beloved vehicle back to its lineup. By 2030, Volkswagen is confident it'll have 30 all-electric models on sale. At this time, VW has released that the batteries will be mounted in the floor of the van, allowing for a spacious interior.

Markets Killer robots: Experts warn of 'third revolution in warfare'
Author: 0 Killer robots: Experts warn of 'third revolution in warfare'

More than 100 robotics and artificial intelligence (AI) industry leaders signed the letter . Scientists have noted that time humanity has very little "after the opening of Pandora's box to close it will be hard". The group's first meeting is now planned for November. "I strongly support the call by many humanitarian and other organisations for an United Nations ban on such weapons, similar to bans on chemical and other weapons", he said in a statement alongside the letter.

Markets Flights hit as drone sighting shuts IGIA for 55 minutes
Author: 0 Flights hit as drone sighting shuts IGIA for 55 minutes

Flight operations were suspended twice on Sunday at the Indira Gandhi International Airport after "drone-like objects" were spotted on the runways on two different occasions. A Southwest Airlines flight on its way to Denver International Airport Saturday evening came close to a drone about 8 miles northeast of the airport, a spokesperson told 9NEWS.

Markets Now Intel CEO Brian Krzanich Quits Trump's Advisory Board
Author: 0 Now Intel CEO Brian Krzanich Quits Trump's Advisory Board

Two more members of U.S. President Donald Trump's manufacturing council have stepped down . "Grandstanders should not have gone on", Trump lamented yesterday on Twitter , before following this up several hours later with an announcement that the councils would be ended.