Markets
Odor similar to stinky socks diverts Florida-bound flight
A Spirit Airlines flight from NY to Fort Lauderdale , Florida had to be diverted to Myrtle Beach, South Carolina on Thursday night after passengers aboard complained of burning throats and chest pains caused by an odor that resembled, "dirty socks". [Full Article...]
'First-time' kiss with Trump caught EU's Juncker by surprise
Counselor to the president Kellyanne Conway said Americans were getting "screwed" by the current trade regime, a day after President Trump announced a vague "new phase" in relations with Europe. It's his unilateral moves to launch, intensify and sustain these trade fights, picking winners and losers in the United States along the way, which betray a dangerously expansive and abusive view of ex... [Full Article...]
How major USA stock indexes fared Wednesday
The Dow Jones Industrial Average on Wednesday increased 172.16 points, or 0.68 per cent, to 25,414.10. The Nasdaq composite index lost 74 points, or 0.9 percent, to 7,857. The September crude contract was down 43 cents to US$69.18 per barrel and the September natural gas contract was up three cents to US$2.79 per mmBTU. [Full Article...]
Disney & Fox Shareholders Approve $71.3 Billion Merger
It kicked off a bidding war with Comcast , which dropped its $65billion offer last week to focus on an attempted buyout of the European pay-TV operator Sky. Bloomberg Intelligence Analyst Paul Sweeney told the Business Journal, " Disney's proposed acquisition of 21st Century Fox has weighed on the stock as investors anxious about earnings dilution and potential integration risk if the deal g... [Full Article...]
Facebook's US$119 billion one-day loss makes USA history
During a conference call about the earnings report, Facebook's chief financial officer said revenue growth may slow because the company plans to focus on user privacy as well as invest billions into improving safety and security. The more than $15 billion in net worth that Zuckerberg lost on Thursday is roughly equal to the wealth of the world's 81st-richest person, now Japanese businessman Takemi... [Full Article...]
Intel Data Centre Results, Margin Outlook Disappoint
However, its data-centric business, which includes the data centre group, internet of things group, programmable solutions group and the memory group, all grew at a much faster rate ranging from 18 per cent to 27 per cent. Swan stepped into the top post while the company conducts a search for its next leader, though he has told employees that he doesn't want the job permanently, a person familiar ... [Full Article...]
ITV's first-half boosted by World Cup and Love Island
ITV's total advertising revenue was up 2 percent. On an earnings call following the release of the report, McCall said the latter part of the strategy involves bolstering its current online on-demand service, ITV Hub, while also exploring other SVOD offerings through discussions with various potential partners. [Full Article...]
Mining giant BHP sells onshore United States oil and gas assets
BP was among as many as 60 companies that participated in the first round of bidding for BHP's assets, Dudley said in June. However, BHP could cease the sale of United States condensate in the Asian market going forward as the company plans to exit its onshore U.S. [Full Article...]