Money

Author: 0 Marissa Mayer Says She's Not Going Anywhere Following Yahoo Sale To Verizon

That might be valuable to the advertiser, and Verizon could charge more. Yahoo will continue as an independent company until the deal receives shareholder and regulatory approvals, the companies said. Yahoo and AOL are seminal companies in the history of the World Wide Web, online pioneers that helped define the first stage of the Web's explosive growth.

Author: 0 Yahoo's core business sold for $4.83b

A spokesman for Yahoo said it's "too early to say" whether she will stay on as CEO, accept a new role at Verizon , or step aside. But most of that money has flowed to Google and Facebook, two companies that eclipsed Yahoo during its long slide from a sensation to a dysfunctional also-ran.

Money Province introduces new legislation to help with rising housing costs
Author: 0 Province introduces new legislation to help with rising housing costs

The measures come under a new law that will take effect August 2. Premier Christy Clark said the goal is to keep the dream of homeownership for the middle class alive, amid criticism that skyrocketing real estate prices have made it unaffordable for most ordinary British Columbians to afford homes.

Money Prime Minister Theresa May appoints senior Cabinet ministers
Author: 0 Prime Minister Theresa May appoints senior Cabinet ministers

Then, after a rousing speech defending his government's legacy, he and his family left his home at 10 Downing Street for the last time and made the short drive to Buckingham Palace. On Thursday she followed up by removing the justice, education, culture and cabinet office ministers, an unusually high toll of sackings for a British cabinet shakeup.

Author: 0 Bank of England holds interest rates at 0.5%

Against expectations, the Bank of England has chose to keep the base rate at 0.5 per cent. He stated that in his personal view "some monetary policy easing will likely be required over the summer", which sparked predictions of an interest rate cut".

Money Two Major California Wildfires Prompt Thousands Of Home Evacuations
Author: 0 Two Major California Wildfires Prompt Thousands Of Home Evacuations

Officials said Sunday that shifting winds are pushing the flames to the northeast through Angeles National Forest and toward the city of Acton. Around 900 firefighters have been working hard to tackle the flames, and are being helped by helicopters and aeroplanes dumping water.

Money Theresa May appointed British PM, vows to fight 'burning injustice'
Author: 0 Theresa May appointed British PM, vows to fight 'burning injustice'

Britain's new Prime Minister Theresa May says she plans to lead in the spirit of unity and build a country that "works for everyone". She addressed the working classes directly, saying she would give them more control and put "social justice" at the heart of her government and pledged to stand up against "the privileged few" and fight "burning injustice".

Money Swiss seize Monet, van Gogh works amid US probe of fund 1MDB
Author: 0 Swiss seize Monet, van Gogh works amid US probe of fund 1MDB

Reuters reports that the Wall Street bank helped 1MDB raise $6.5bn in three bond sales in 2012 and 2013 to invest in energy projects and real estate to boost the Malaysian economy . Singapore's Attorney General announced that assets worth over $175 million had been seized. Much of the money from the scheme has been dissipated, she said.

Money Verizon Close to Closing Yahoo Deal
Author: 0 Verizon Close to Closing Yahoo Deal

Sources have said a price tag close to $5bn has been placed on Yahoo's core internet business in a deal that does not include the company's patents . Verizon is probably hoping to merge Yahoo with AOL , which it acquired previous year for $4.4 billion in a bid to diversify its business offerings out of just telecommunications.

Money Oil prices rebound on United States data
Author: 0 Oil prices rebound on United States data

Brent crude was up 14c at $46.34 a barrel. The EIA released its weekly data on July 20, revealing a slight drawdown in crude oil inventories. In fact, USA stockpiles have felt by the wonderful 1.7 million barrels just las week, according to many analysts who were surveyed by the famous Wall Street Journal.

Author: 0 Some Missouri GOP delegates upset, disappointed by Cruz

During the primary campaign , Trump sent out Twitter messages threatening to " spill the beans " about Cruz's wife, Heidi, and Trump implied that Cruz's father had been photographed with Lee Harvey Oswald, the assassin who killed President John F.

Author: 0 United States set to seize assets tied to Malaysian fund 1MDB

Assistant Attorney General Leslie Caldwell. USA federal prosecutors are set to file civil lawsuits seeking to seize assets of more than $1 billion linked to scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB), media reports said on Wednesday.

Money Pokémon Go is Now Available in the UK
Author: 0 Pokémon Go is Now Available in the UK

The game has not only raised eyebrows with its success but also by attracting security threats. Now the game has officially arrived in the United Kingdom and can be downloaded from the iOS App Store and Google Play for Android . Players will need to move around the real world using their smartphones to locate and capture these Pokemons. The Japanese company introduced Pokemon during the late 90s.

Author: 0 Rajya Sabha condemns BJP leader's remark against Mayawati

There can be ideological difference, she said, but does not mean that one raise questions on other's character. Bahujan Samaj Party (BSP) supremo and former Uttar Pradesh chief minister Mayawati on Thursday said the Dalits across the nation see her as a "devi", adding the ongoing protests over suspended BJP state vice-president Dayashankar Singh's derogatory slur on her is a testament to this fact.

Money Georgia Unemployment Rate Lowest Since 2007 Recession
Author: 0 Georgia Unemployment Rate Lowest Since 2007 Recession

Over the last 12 months, unemployment crept up by three-tenths of 1 point, from 5.5 percent, while the national rate moved down from 5.3 percent. Unemployment ticked up to 5.8 percent in June, from 5.7 percent in May. Financial services is up 3.2 percent year over year, to 130,000 jobs. The swing from a large loss in May to June's hefty gain "seems likely to be due to a change in seasonal pattern rather than an actual swing in labor markets", said Andy Condon, the department's director ...

Author: 0 Southwest: issues causing cancellations, delays mostly corrected

Southwest "began experiencing intermittent performance issues" Wednesday afternoon, which prompted a temporary halt to all flights that had not yet left the gate, according to the airline. His flight was canceled Wednesday and Thursday. Southwest said it would re-book passengers for free. The carrier was offering flexible rebooking options for customers for travel through Sunday.

Author: 0 Court Battles Begin as US, States Sue to Halt Anthem, Aetna Mergers

These mergers would transform the health insurance market by turning its five biggest companies into three. The lawsuits are unlikely to end maneuvering in the health insurance industry, as health plans try to bolster their positions in a fast-changing industry still being reordered by the 2010 Affordable Care Act .

Money Dollar falls as Reserve Bank says rates cut likely
Author: 0 Dollar falls as Reserve Bank says rates cut likely

However, it is the high New Zealand dollar which was a particular concern. Tim Kelleher, head of institutional FX sales at ASB Bank said the kiwi could have fallen further. "The trade-weighted exchange rate is 6% higher than assumed in the June statement , and is notably higher than in the alternative scenario presented in that statement", the central bank said .

Money Covered California Unveils Rate Hike for 2017
Author: 0 Covered California Unveils Rate Hike for 2017

However, policies providing lower levels of coverage frequently have significant deductibles that add to a consumer's overall costs. Both Anthem and Blue Shield are the largest insurers on Covered California, California's federal health insurance marketplace.

Money GOP to kick off convention; Trump to make surprise visit
Author: 0 GOP to kick off convention; Trump to make surprise visit

I can assure you he's the guy. Two passages of her address matched almost word-for-word the speech that Michelle Obama delivered in 2008 at the Democratic National Convention. Trump's early response to the latest tragedy is another sign of his intention to conflate killings and domestic unrest at home with a spate of terror attacks overseas to make a case that weak leadership is leaving America deeply vulnerable and that a much firmer hand is needed in the White House.

Author: 0 Big 12 directs commissioner to evaluate expansion candidates

Some Big 12 members privately preferred sitting tight at 10 schools, strengthening the conference and making a play for football powers Florida State and Clemson as their contracts neared completion. "So it's been a journey, to be honest, and we've gotten to a point where the players are trusting in me and they understand that I'm here to help". Most schools in the U.S., Grobe said, deal with similar problems.

Author: 0 Owen Smith to run for the Labour Party leadership

All other candidates will have to attain the required number of nominations in order to go forward to the ballot, the statement continued. They ruled that Jeremy Corbyn is automatically on the ballot paper. "That is what Labour exists to do", Corbyn said. "I have been elected past year - ten months ago today - with a very large mandate", he said.

Money Clinton, Hickenlooper meet as she reviews possible running mates
Author: 0 Clinton, Hickenlooper meet as she reviews possible running mates

Then we can litigate her fraud!" he tweeted to his 9.8 million followers. Spokesman Brian Fallon merely said, "On Friday, Secretary Clinton held a series of campaign-related meetings at her Washington home, including several about her vice presidential selection process".

Money HSBC forex official arrested in US
Author: 0 HSBC forex official arrested in US

Knowing that the company's plan would raise the price of silver, Johnson purchased sliver in exchange for Euros until the day of the company's transaction and then sold the currency for a profit, according to the complaint. HSBC wasn't made aware of the plans to arrest Johnson, another person said, asking not to be identified because the details aren't public. The order banning Gardiner said that he is cooperating with authorities, providing testimony, documents, records and other evidence ...

Money Unilever acquires male shaving expert Dollar Shave Club
Author: 0 Unilever acquires male shaving expert Dollar Shave Club

The reported price for the four-year-old razor subscription service is $1 billion-about five times the projected 2016 revenue of the company. The Venice, California-based company has amassed more than 3.2 million members and an estimated $240 million in revenue for 2016 through its array of tongue-in-cheek advertising and low-priced grooming supplies.

Author: 0 US Justice Dept. fines Enbridge US$62 million for 2010 pipeline spills

The spill covered more than 38 miles of river and over 4,000 acres of land. ■$ 1 million in penalties for the Romeoville spill. In addition, the settlement includes a commitment for Enbridge to spend US$ 110 million on measures to prevent spills and improve operations across more than 3,200 kilometres of its pipeline system in the Great Lakes region.

Author: 0 Yahoo reports another big loss, writes down Tumblr value

During the regular trading session yesterday, shares of Yahoo's common stock had gained 0.61 percent before closing the day at $37.95. Second-quarter sales, excluding revenue passed on to partners, fell to $841.2 million. Also in the running is a group led by Quicken Loans Inc founder Dan Gilbert with the backing of billionaire investor Warren Buffett. While not particularly encouraging, the figures do not look to have a major impact on the impending sell-off of Yahoo's core business, ...

Money Rio Tinto releases second quarter production results
Author: 0 Rio Tinto releases second quarter production results

Argyle produced 3.5 million carats in the June period, up 3 per cent from the March quarter. "Our bottom-up work still shows they will at least come into the top end of the guidance range for next year and a high probability they will exceed it", he said.

Money Goat drowns trying to escape Alaska crowds taking its photo
Author: 0 Goat drowns trying to escape Alaska crowds taking its photo

The goat was spotted walking along the harbor in the city of Seward, a fishing hub that does not normally see wild mountain goats. A Mountain Goat drowned in the waters of Resurrection Bay near the Sealife Center in Seward on Saturday due to human interference it was reported on Sunday.

Money Turkey intensifies crackdown after failed coup attempt
Author: 0 Turkey intensifies crackdown after failed coup attempt

The arrests include Gen. Bekir Ercan Van, commander of the Incirlik Air Base, according to the Turkish President's office. It also allows the United States to launch military aircraft from a strategically important airbase in southern Turkey, close to the fight in Iraq and Syria.

Money Kiwi bounces from three-week low
Author: 0 Kiwi bounces from three-week low

The local dollar dropped after the report. The kiwi traded at 71.21 U.S. cents at 8am from 71.09 cents at the NY close on Friday, down from 71.54 cents at 5pm in Wellington. ASB said it too was picking an August cut to 2%. Traders' expectations of a cut at the next review on August 11 have been volatile. Earlier in July, a speech by deputy Governor Grant Spencer signalled the central bank was looking at new measures to try to restrict lending to investors to buy residential property.

Money Currencies: Turkish lira and euro rise, shaking off coup jitters
Author: 0 Currencies: Turkish lira and euro rise, shaking off coup jitters

Markets appear to have been reassured by the failure of the coup and the reimposition of the order under President Recep Tayyip Erdogan. Emerging equity markets overall traded flat, thanks to gains in Russian and eastern European stocks. Borthwick also pointed to improved market sentiment regarding the political situation in the United Kingdom since Theresa May became prime minister last week.

Money IBM's 2Q profit, revenue slip but beat Street forecasts
Author: 0 IBM's 2Q profit, revenue slip but beat Street forecasts

IBM (IBM) came in above estimates with its Q2 earnings report. In contrast, revenue from systems hardware declined 28 percent and storage hardware revenue dropped by 13 percent as the machines that made IBM great are supplanted by endless racks of no-name servers amassed in huge data centers worldwide and accessed over the Internet.

Money Yahoo Misses Second-Quarter Earning Expectations, Even as Revenue Rises
Author: 0 Yahoo Misses Second-Quarter Earning Expectations, Even as Revenue Rises

Sale-price estimates hover around $6 billion. Second quarter earnings per share were at 9 cents, a penny off from what was projected. Investors at the Britain's Daily Mail (LON: DMGT) have been considering to buy Yahoo! Technology giant Yahoo could cut hundreds of jobs following its sale, as its revenue per employee is significantly lower than major companies .