Money

Author: 0 Tesla reaches US$2.6b deal to buy SolarCity

The company said it hopes to close the deal at the end of this year. However, the initial offer was about $2.7 billion, which has sent shares for both companies down in early trading Monday - Tesla was down 0.4 percent and SolarCity fell 4.9 percent.

Author: 0 SolarCity agrees to $2.6B buyout offer from Tesla

California-based Tesla is known as a pioneer in electric cars but since previous year has also been selling batteries that can power homes and businesses. "Tesla is getting ready to scale our Powerwall and Powerpack stationary storage products, and SolarCity is getting ready to offer next-generation differentiated solar solutions".

Money TSX snaps five-day winning streak as oil prices slide, loonie gains
Author: 0 TSX snaps five-day winning streak as oil prices slide, loonie gains

NY was also negative as the Dow Jones industrial average fell by 37.39 points at 18,495.66, the broader S&P 500 composite index declined 6.25 points to 2,175.49 and the Nasdaq composite dropped 20.90 points to 5,204.58. Eight of the index's 10 main groups were in positive territory, as it traded at its highest since June 26 past year. Advancers barely outnumbered decliners overall.

Money Medal rush continues as diving duo make history with gold
Author: 0 Medal rush continues as diving duo make history with gold

But the Brits responded with 91.20 to guarantee themselves of a silver medal with only the Chinese pair capable of taking gold away. The 21-year-old from Ripon had been determined to improve on his 2012 performance, when a combination of nerves and inexperience resulted in him crashing out at the preliminary stage in London's Aquatics Centre.

Author: 0 Donald Trump endorses high-ranking Republicans, ends 4-day standoff

Trump's relationship with the three lawmakers has been rocky over the past year. "We need that. We gotta get things done". Trump's initial refusal to back Ryan sparked outrage among party leaders such as Republican National Committee Chairman Reince Priebus, a very close ally of Ryan who is also from Wisconsin.

Author: 0 Delta Expects to Resume Normal Operations by Mid-Wednesday

Delta said Monday afternoon it was providing $200 in travel vouchers to all fliers with a delay of more than three hours, or a canceled flight. Delta's woes started in the early hours Monday when a power outage at its Atlanta operations center took its computer system offline, grounding flights around the world.

Money Nasdaq hits record high, other indexes hover near highs
Author: 0 Nasdaq hits record high, other indexes hover near highs

S&P 500 e-minis were up 3.25 points, or 0.15 percent, with 91,597 contracts traded. Oil prices rose more than two per cent after a report last week indicated some OPEC members had called for a freeze in production. The energy index gained 1.22 percent, with Exxon Mobil up 1.18 per cent and Schlumberger climbing 1.6 per cent. Bristol-Myers fell for the second straight day, shedding 4.71% after it said on Friday its lung-cancer drug failed a key late-stage study.

Author: 0 Bank of Japan disappoints as it shuns helicopter money

The European Central Bank is tipped to follow with more easing as early as September. The dollar briefly dived below ¥103 in Tokyo trading Friday as sentiment was cooled by Bank of Japan monetary easing that disappointed the market. As a result the yen rose and government bond prices dropped after the announcement. It also left untouched the minus 0.1 percent rate for a portion of commercial banks' reserves.

Money Suspected meth lab found under parking lot of NY Wal-Mart
Author: 0 Suspected meth lab found under parking lot of NY Wal-Mart

I mean, it's unbelievable in this area, this ain't a bad area", one shopper said. Investigators are still trying to figure out who set up the lab. Police say they found chemicals, suspected meth and paint cans in an unsecured culvert that runs below the parking lot.

Money Clinton Leading Trump In Recent Polls
Author: 0 Clinton Leading Trump In Recent Polls

A highlight of Trump's economic proposals laid out on Monday was "an across-the-board income tax reduction", proposing reducing the current number of federal income tax brackets from seven to three. Some 50 Republican former national security officials signed an open letter calling Trump the most reckless candidate in history, prompting a counterattack from Trump , who said the signers share blame with Clinton for making the world "a mess" and fueling the Islamic State group's ...

Money Guy misses out on Olympic medal
Author: 0 Guy misses out on Olympic medal

Horton spoke frankly about his Chinese rival after beating him in the 400m freestyle on Saturday, saying: "Sun Yang is just the drugs cheat". Sun, who has served a lenient doping suspension since the London 2012 Games where he won two titles, responded to win the 200m freestyle on Monday.

Author: 0 Top Ten Quotes By PM Modi On GST Bill

He said any decision of the GST Council will be passed by three-fourths of its members, wherein the states will control two-thirds of the votes and the Centre the remaining one third. This is because the GST regime will involve the imposition of central and state levies at identical rates. With the introduction of GST , some of the critical sectors such as FMCG & consumer durables, Automobiles, Media & Entertainment stands to gain due to overall reduction in tax rates and seamless flow of ...

Author: 0 Cognizant Technology cuts revenue outlook

In the second quarter of 2016, the average realized price per barrel of oil was $35.06 versus a realized price per barrel of $50.47 in the year ago quarter, and the average realized price per Mcf for natural gas was $2.04 compared to $2.72 in the second quarter of 2015.

Author: 0 OPEC Statement Lifts Crude Prices

Al-Sada added that prices have have experienced "steady improvement" since February following "a decline in crude oil production, supply outages and a decrease in oil inventories, while global demand for oil improved". "While markets will continue to look for clues from economic data from China and Eurozone, due to the overhang of high inventory levels and continuing concerns of oversupply, crude prices are likely move in a tight range over the next couple of weeks", Gupta added.

Money Gas prices drop 6 cents nationwide
Author: 0 Gas prices drop 6 cents nationwide

Gas prices in the Bradenton-Sarasota-Venice market finally broke through the $2-per-gallon floor, and some stations in the area were offering the stuff for as low as $1.88 per gallon. GasBuddy had the state average at $1.979 on Monday, down 1.3 cents in a week, 13.2 cents in a month and 48.4 cents below last year's $2.463. The price dropped another 2.3 cents during the past week to an average of $1.80 cents a gallon, according to gas price service GasBuddy.

Money Bride given away by man who received her dad's donated heart
Author: 0 Bride given away by man who received her dad's donated heart

After Michael Stepien died, his organs were donated, including a heart that Arthur Thomas had been waiting 16 years to receive. After the transplant Thomas kept in touch with the Stepien family, but he only met Jeni on August 5 after she wrote to ask him to walk her down the aisle as her father could not be there.

Author: 0 Olympics in bright red spots: What is cupping?

They won two Olympic gold medals in the past but this time , they were defeated in the first round by Lucie Safarova and Barbora Strycova from the Czech Republic. Sjostrom won easily while Cal graduate Dana Vollmer completed a 16-month comeback with a bronze medal after having a baby a year ago. She has now set 12 world records in the past four years and could yet add the 200m and 800m titles before she's done.

Money Berkshire profit up 25 percent as insurance helps, BNSF weighs
Author: 0 Berkshire profit up 25 percent as insurance helps, BNSF weighs

Half of the investment in the chewing gum maker can be redeemed over a 90-day period starting October 6, Omaha, Nebraska-based Berkshire said Friday in a regulatory filing. It posted a $US184 million pretax underwriting gain, against the loss of $US11 million in the same quarter of previous year. A key reason for the cash boost was that Kraft Heinz Co, in which Berkshire holds a 26.8% stake stake, redeemed $US8.32 billion of preferred stock that Berkshire also owned.

Author: 0 HSBC share price: Group to pass BOE rate cut on to customers

It fell 1.9 percent in a week marked by investor disappointment over new stimulus measures announced by the central bank and the government. The BoE's new Term Funding Scheme (TFS) - unlike 2012's Funding for Lending Scheme - was not aimed at boosting lending but instead at ensuring lenders passed on the latest cut in interest rates, Broadbent said.

Author: 0 Tesla loss grows as it falls short of sales goals

Tesla said it was able to deliver 14,402 new vehicles during the quarter. For now, Tesla is putting most of its resources into getting the Model 3 compact electric sedan into production, Musk said . For instance, the company added cash from Model 3 reservation to its cash flow, which shows the desperation of the company. This results in an 18 percent increase in production since last quarter and a 43 percent production increase year over year.

Money Activision Blizzard announces Q2 FY16 financial results
Author: 0 Activision Blizzard announces Q2 FY16 financial results

Out of the 19 analysts polled by TipRanks, 16 rate Activision Blizzard Inc stock a Buy, while 3 rate the stock a Hold. "1" brokerage firms have issued "Sell" rating for the company and "Strong Sell" rating was issued by "2.29" brokerage firms.

Money Dubai airport scraps over 200 flights after Emirates crash
Author: 0 Dubai airport scraps over 200 flights after Emirates crash

Paul Griffiths, CEO of Dubai Airports , says the runway where the crash landing took place is now operational. No flights was delayed due that, said Shastri. "They said they're safe and alright, but that they felt a great panic as the plane was on fire". In a statement August 4, the GCAA said work was continuing to recover the aircraft's flight data recorder and cockpit voice recorder.

Money 'We're not going to work with the ANC', says EFF's Ndlozi
Author: 0 'We're not going to work with the ANC', says EFF's Ndlozi

Analysts say this, the first local government election which the EFF is contesting, will be the true test of the party's support throughout the country. Ndlozi however feels the ANC is unable to motivate trust among young South Africans. "I will never work with the ANC - if you are a ruling party and you get less than 50 per cent, our people are telling us that they do not want you to be government - why would we bring you with a backdoor - they must sit in the opposition benches and ...

Author: 0 McDonald's bids to tickle taste buds with health drive

In addition, the fast-food chain also said it will roll out new Chicken McNuggets and some a few of the breakfast items that are free of artificial preservatives and that it will start to reduce the use of chicken raised with antibiotics used more commonly on humans a year earlier than they had originally planned.

Author: 0 Sam Mikulak and US men start on floor in qualifications

Mikulak and Dalton scored 15.800 and 15.600 on floor exercise for the best two scores of the day through two sessions. Leyva Daniel is now in second place in the parallel bars and is comfortable in fourth in the high bar event . Despite the lead, it was not a ideal day for the USA team at Rio Olympic Arena on Saturday. The 2016 Rio Olympics is all set to commence after the Opening Ceremony on Friday, August 5 in Rio de Janeiro, Brazil.

Author: 0 Rio 2016 Olympics: Yulia Efimova cleared to compete after appeal

Russian cyclist Ilnur Zakarin was cleared for the Rio Olympics but he will not participate as he had no possibility to prepare for the Games. A Greek female swimmer on the 2016 Rio team tested positive to the use of illegal performance enhancing drugs and was disqualified from the team.

Money Oil prices rebound on big U.S. stockpile drawdown
Author: 0 Oil prices rebound on big U.S. stockpile drawdown

The dollar fell for the fifth time in six days, increasing investor appetite for commodities. The supply glut is upsetting industry expectations, with BP Plc, Royal Dutch Shell Plc and Exxon Mobil Corp. Crude oil imports processed by East Coast refineries have generally increased since early 2015, averaging 760,000 b/d in May 2016, up from 666,000 b/d in May of a year ago.

Author: 0 N. Korea fires two ballistic missiles

The second missile landed in the Sea of Japan (East Sea), some 250km off Japan's northern coast and within its Exclusive Economic Zone (EEZ). The Japanese defence ministry said one missile landed inside its exclusive economic zone (EEZ), the 200-nautical mile of ocean around a country.

Author: 0 India rejoices! GST bill passed by Rajya Sabha

Amat said since GST would be implemented from April, 2017, the Centre should pay the CST compensation up to 2016-17 fiscal. "Finance Minister Arun Jaitley has assured that he will hold discussions with the Congress party before bringing the bills", reported The Indian Express.

Author: 0 Apple Found Success With the iPhone SE

The flagship iPhone 7 Pro / Plus Pro will be the same iPhone 7 Plus just with some extra features like the brand new dual lens camera and the smart connectors . According to CNET , this dual camera would likely be included on the 5.5 inch screen iPhone 7 Plus and the supposed iPhone Pro, but not the standard 4.7 inch screen.

Money Gujarat chief Minister Anandiben Patel announces resignation
Author: 0 Gujarat chief Minister Anandiben Patel announces resignation

The offer to resign came through a social media post where Anandiben said she had requested the party high command to relieve her of CM's responsibility so as to allow the new CM to prepare for the challenges of 2017 Assembly election and the Vibrant Gujarat 2017 investors summit.

Author: 0 Facebook Takes Further Steps to Reduce 'Clickbait'

They flagged "tens of thousands" of these headlines as clickbait and fed them into a system that parsed them for phrases that were common among the clickbait cohort but not among the non-clickbait group. They will disproportionately impact the worst offenders in the News Feed while leaving higher quality sites mostly untouched, he said. Buzzfeed saw a 5.95 percent decrease in Facebook visits from the prior quarter, and SimilarWeb has noted that if Facebook continues to tweak its algorithm, ...