Money

Yahoo CEO Set to Reap Big Payout

Yahoo CEO Set to Reap Big Payout Yahoo's board laid responsibility for the 2014 hack on Mayer, because senior company executives knew it happened in 2014 but failed to properly investigate it. This is known as 'golden parachute' compensation, where she is due to receive $3 million in cash, $24,000 in benefits, and $19,971,367 in equity. When she came on to lead the company in 2012, it was struggling to cope with Google's raveno... [Full Article...]

Oil producers 'might have to' extend output cuts

In early trading on Friday, Brent crude was priced above US$52 with WTI holding above US$50 a barrel. Leading Gulf oil exporters Saudi Arabia and Kuwait gave a clear signal on Thursday that OPEC plans to extend into the second half of the year a deal with non-member producers to curb supplies of crude. [Full Article...]

United: Airline won't use police to remove passengers

David Dao was forcibly removed from a full flight after refusing to relinquish his seat. On Thursday, the city's aviation commissioner is expected to address a city council committee about the incident. Emirates Airlines and Royal Jordanian both unleashed tweets today that mocked United and its ongoing controversy. Also Tuesday, Chicago Mayor Rahm Emanuel called the way Dao was treated "complete... [Full Article...]

Bill would prohibit airlines from involuntarily bumping ticketed passengers from flights

Dao broke free of an officer's grip, causing him to lose his balance and fall, according to the investigative reports. According to CBS Chicago , assisting officer Mauricio Rodriguez said Long used " minimal but necessary force ", which policy allows. [Full Article...]

Chipotle says key sale figure rose more than expected

Chipotle says key sale figure rose more than expected They now have a Dollars 430 price target on the stock . 02/03/2017 - Chipotle Mexican Grill, Inc. had its "underperform" rating reiterated by analysts at Jefferies. The more than 2,200-unit chain reported a revenue increase of 28.1 percent to $1.07 billion compared to the first quarter of 2016. Assuming that Chipotle continues opening about 200 restaurants per year, it would have more than 3,... [Full Article...]

Pagegroup PLC (MPI) Upgraded to Buy at Kepler Capital Markets

The Firm operates in three divisions: North American Insurance, Global Markets Insurance and Reinsurance. MSA's profit will be $18.68M for 34.26 P/E if the $0.50 EPS becomes a reality. The Firm sells and offers a range of fashion-related content on ASOS.com. The Firm operates through five divisions: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and cor... [Full Article...]

Trump eyes changes to Obama's tax and Wall Street rules

Get free real-time news alerts from the White House Patch. Steven Mnuchin, attending his first worldwide gathering as Trump's Treasury secretary, had defended the change in the G-20 communique by saying , "The historical language was not really relevant". [Full Article...]

Volkswagen to pay $2.8 billion in US diesel emission scandal

Volkswagen to pay $2.8 billion in US diesel emission scandal The German automaker pleaded guilty in March to fraud, obstruction of justice and falsifying statements after admitting to installing secret software in 580,000 USA vehicles.Speaking on behalf of Volkswagen , general counsel Manfred Doess said the company "deeply regrets the behavior that gave rise to this case". [Full Article...]

Ontario housing measures aimed at renters, buyers

Ontario housing measures aimed at renters, buyers The new tax, known as a non-resident speculation tax , will be imposed on buyers in an area known as the Greater Golden Horseshoe, spanning from the Niagara region to Peterborough, Ont. For example, if one tenant paying $1,600/month chooses to move out of their unit, the landlord can charge the incoming tenant $2,000/month or more. Renters in Ontario are breathing a sigh of relief today, hearin... [Full Article...]

Verizon Loses Its Wireless Subscribers, Profits Plunge

Verizon Communications Inc VZ.N on Thursday reported its first-ever quarterly loss of subscribers, even as it offered an unlimited data plan, raising questions on whether the No. But Verizon doubled down in 2014 with its $130 billion purchase of Vodafone Group PLC's 45% stake in their Verizon Wireless joint venture. Meanwhile, " Verizon has been looking for additional revenue streams and is... [Full Article...]

United CEO: No one will be fired over passenger dragging incident

United spokeswoman Megan McCarthy said the airline looks " forward to meeting with the committee and sharing with them the comprehensive review and the customer-focused actions we will communicate next week". Dr David Dao's lawyer says his client accepts the airline CEO's public apology, but thinks it was insincere. United's first-quarter financial results shows higher profits than those expecte... [Full Article...]

EPA chief to tour lead-contaminated Indiana housing complex

The geologist in the EPA's Office of Air and Radiation downloaded over 7,000 pornographic files on an agency server and admitted to masturbating at work. The site was later cleaned up. For months, hundreds of families have been evacuated from their homes as the city attempts to demolish affected buildings, after children tested positive for unsafe levels of lead, some areas even found to be 70... [Full Article...]

Canada commemorates centenary of pivotal Vimy WWI battle

The event was staged in the shadow of the towering Canadian National Vimy Memorial built on Hill 145, the highest point of Vimy Ridge captured by Canadian and British troops after four days of fighting. Lt. -Col. Clapperton adds it's important that the British soldiers took part as a show of camaraderie. The victory solidified Canada's reputation, but was not without great cost, as it saw more tha... [Full Article...]

Advertisers Dropping From O'Reilly's Show Amid Scandal

Advertisers Dropping From O'Reilly's Show Amid Scandal T. Rowe Price said in a statement , "We regularly evaluate our media buys to ensure alignment with our corporate values, and in light of the recent allegations we have made a decision to pull our upcoming ads from 'The O'Reilly Factor '". [Full Article...]

Apple Is Ready to Shake Up the Self-Driving Car Industry

It has been referred to as "part of an initiative called Project Titan". Companies that have been issued permits also include Alphabet Inc's Google unit, Ford Motor Co, Volkswagen AG, Daimler AG, Tesla Motors Inc and General Motors Co. [Full Article...]

KKR-backed consortium makes $4.7 billion cash offer for Australia's Tatts

KKR-backed consortium makes $4.7 billion cash offer for Australia's Tatts The Tabcorp merger valued Tatts at Aus$4.34 per share. Tatts shares closed at A$4.35 a share on Tuesday. On completion of the transaction, Tabcorp shareholders would own about 42 per cent of the combined group and Tatts shareholders about 58 per cent. [Full Article...]

Ontario promises curbs on hot housing market within a week

Ontario promises curbs on hot housing market within a week Morneau also said the federal government is working on improving tax compliance in terms of home sales in the GTA and preventing money laundering by those who might be using Toronto real estate as a safe and stable place to park money. "When the meeting is requested by the federal finance minister as opposed to the reverse, that's when you know it's a real crisis of national importance", he said. [Full Article...]

Video replay would not have spared Bayern's Arturo Vidal (if at all)

In the key games, he's always there. Cristiano Ronaldo scored a hat-trick, including two crucial strikes that were offside, as 10-man Bayern rued their luck at the Estadio Bernabeu. Marco Asensio gave a night of high-class action the finale it deserved with a sensational solo goal to rub salt in Bayern wounds. However, Real's celebrations were very short-lived as just a minute later the ball r... [Full Article...]

Getting up to speed on the Wells Fargo sales scandal

It was also revealed in the report that the bank's sales culture problem has been existing since 2002 and Stumpf was aware about the problem in its Colorado branch during that year. Still, it seemed that Wells Fargo's top management had little success or made few efforts to address this growing and alarming problem. Both Stumpf and Tolstedt had previously been forced to return tens of millio... [Full Article...]

Perfect pick: North Carolina seventh-grader nails Final Four

Perfect pick: North Carolina seventh-grader nails Final Four The rest of his team shot a brick-a-minute 14 for 55 from the floor (25 percent). "As you see, we all have been instrumental in our success, so it has been huge". "That was really it, they just took the ball out of my hands on my drives". It put the Gamecocks up 67-65 and Gonzaga on their heels. On the postseason, Gonzaga is averaging 72.25 points per game. [Full Article...]


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