Markets
Verizon concludes acquisition of Yahoo!
Tim Armstrong-CEO of AOL which Verizon acquired in 2016-will become CEO of a Verizon subsidiary called Oath, which will combine former acquisitions of AOL and those newly acquired from Yahoo. Yahoo cut 15 percent of its workforce a year ago and AOL cut 500 jobs. Verizon plans to leverage Yahoo's reach to compete with Google and Facebook in the online advertising space. [Full Article...]
London fire: Protests held as fire anger increases
Cundy said the police investigation would look into the building's 2016 refurbishment and promised to prosecute "if there is evidence". "We need answers and we need answers now", another man said through a megaphone. The British police fired a stun gun at a man who reached for a knife as he ran towards officers at one of the gates to the Westminster parliament in central London yesterday... [Full Article...]
58 people missing and presumed dead in London fire
The remains of Grenfell Tower stand in London on Saturday. On Friday, grief over the disaster turned into anger as protesters took to the streets to vent over the fire, the death toll for which continues to escalate, with dozens more deaths feared. [Full Article...]
Germany 'confident' on deal to release funds to Greece
European creditors on Thursday approved giving Greece 8.5 billion euros ($9.5 billion) in bailout cash to meet a big summer repayment and promised that the burden of the country's future debt repayments would be eased. "It is important for Greece to have access to the markets and therefore in my opinion they have to say yes or no", he said. "If everyone around the table makes a very slight a... [Full Article...]
Oil edges up but remains near half-year lows as supply overhang weighs
Crude prices fell almost 4 percent on Wednesday, after USA gasoline inventories rose unexpectedly and the International Energy Agency said it expects supply to outpace demand in 2018 despite consumption hitting 100 million bpd for the first time. [Full Article...]
Hortonworks and IBM double down on Hadoop
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Rosenblatt Securities now has a $20.0000 target price per share on the $800.48 million market cap company or 57.48 % upside potential. [Full Article...]
Shooting reported at UPS facility in San Francisco
He says that the shooter shot himself, and police have not determined a motive. The shooting happened at around 9:00 a.m.in the area of 17th and Utah. Family members of one of the victims identified him as being Mike Lefiti, 46. "Everybody was down", Miggins said, adding that UPS is like the U.S. [Full Article...]
Trump proposes privatizing USA air traffic control system
On the campaign trail, Trump touted plans to improve the country's aging roads, bridges and airports. At a meeting with reporters, White House officials said that the initiative will create a more efficient system. While the current FAA-led ATC system has produced one of the safest aviation programs in the world, there has been bipartisan efforts to rid the system of delays and cancellations. [Full Article...]