Markets
Power Outage? British Gas Owner Centrica Loses 800000 Customers in Four Months
The company's stock fell as much as 18 percent to in early morning trading in London, and is down 42 percent in 2017 - the stock is the worst performer in the 29-member Stoxx 600 Utilities Index, which has gained 7.2 percent in the same period. [Full Article...]
Government to increase personal allowance and higher-rate tax threshold
Hammond said the move was worth 2.3 billion pounds ($3 billion) to Britain's businesses over the next five years. The Chancellor added: "This does not solve the problem, but it does send a signal of our determination and we will continue work in the worldwide arena to find a sustainable and fair long-term solution that properly taxes the digital businesses that operate in our cyberspace". [Full Article...]
Tesla builds the world's biggest battery in Australia
The futurist chief executive made a bet on Twitter in March that he could install a 100-megawatt storage facility within 100 days or it would be free, and the clock started ticking at the end of September when the contract was signed. South Australia Premier Jay Weatherill will join representatives from Neoen, Tesla and Consolidated Power Projects next week to officially launch the battery. [Full Article...]
President Kovind gives assent to ordinance to amend Insolvency and Bankruptcy Code
President Ram Nath Kovind on Thursday approved an ordinance to modify the Insolvency and Bankruptcy Code, Finance Minister Arun Jaitley said on Thursday. Also ineligible are those who are promoters or in management of control of the resolution applicant , or will be promoters or in management of control of corporate debtor during the implementation of the resolution plan, the holding compan... [Full Article...]
Marathon Oil Corporation (MRO) Insider sold 1457 Shares
Point72 Asia (Hong Kong) Limited owns 1,640 shares. News Corporation (NASDAQ:NWSA) appreciated by 0.77% at $15.79. It has outperformed by 29.50% the S&P500. (NYSE:MRK) stake by 107,769 shares and now owns 3.14 million shares. Glg Ltd Co accumulated 25,078 shares. Sentinel Asset Mngmt Inc holds 402,500 shares or 0.51% of its portfolio. [Full Article...]
Northeast Investment Management Reduces Stake in Wells Fargo & Company (NYSE:WFC)
Unilever Plc Sponsored Adr now has $167.08 billion valuation. Royal Bank Of Canada sold 3,962 shares as the company's stock declined 4.14% while stock markets rallied. 391 are held by Capital Advsr Ltd Limited Liability. S&Co owns 116,164 shares or 0.85% of their USA portfolio. Fmr Ltd Liability Corp stated it has 1.40M shares or 0.02% of all its holdings. [Full Article...]
Uber Paid Hackers $100000 To "Protect" 57 Million Users' Data
Prime Minister Theresa May's official spokesman said: 'These are obviously concerning reports and the National Cyber Security Centre is working closely with domestic and global agencies, including the National Crime Agency and the Information Commissioner's Office, to investigate if and how this breach has affected people in the UK. [Full Article...]
AR Sells 6610 Shares of Kinder Morgan, Inc. (KMI)
The firm owned 301,181 shares of the pipeline company's stock after buying an additional 13,138 shares during the period. Putnam Invs Lc invested in 888,536 shares or 0.04% of the stock. Its down 0.10, from 1 in 2017Q1. It improved, as 39 investors sold PPL shares while 215 reduced holdings. 26 funds opened positions while 57 raised stakes. [Full Article...]