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Sorry, Bitcoin Fans. Digital Currency Is Still a Dream. - Bloomberg

Tue, 01/16/2018 - 12:15pm

Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.
Bloomberg
I've been waiting for decades for someone to invent a currency for online purchases. And still am. by. Joe Nocera. @NoceraBV More stories by Joe Nocera. January 16, 2018, 11:15 AM EST. Maybe some day ... Photographer: Chris Ratcliffe/Bloomberg. Bitcoin ...

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GE shares dive after 'deeply disappointing' $6.2 billion insurance portfolio charge - Yahoo Finance

Tue, 01/16/2018 - 12:06pm

Yahoo Finance

GE shares dive after 'deeply disappointing' $6.2 billion insurance portfolio charge
Yahoo Finance
Tuesday after a review of its GE Capital insurance portfolio that it will take a $6.2 billion after-tax charge for the fourth quarter of 2017 and expects to contribute $15 billion over the next seven years to shore up the portfolio's reserves. General ...
General Electric's (GE) Presents Insurance Update Broker Conference Call (Transcript)Seeking Alpha
With a $6B Charge Comes New Thoughts About GE's FutureU.S. News & World Report
GE breakup suggested during earnings callCBS News
CNBC -Yahoo News -Investorplace.com -Benzinga
all 163 news articles »

Apple, Amazon, and other tech titans could threaten big banks in one key area - Business Insider

Tue, 01/16/2018 - 11:37am

Business Insider

Apple, Amazon, and other tech titans could threaten big banks in one key area
Business Insider
S&P: "We currently do not see competition from tech titans as posing a short-term risk to our bank ratings." But in the longer term banks could face serious competition from the likes of Apple and Google in the payments space, which can account for up ...
CES 2018: Microsoft's broad near-term vision of our very different technology futureComputerworld
What Makes Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), Facebook Inc (FB) and Alphabet Inc (GOOGL) So Special?Smarter Analyst

all 8 news articles »

America is missing out on a tourism boom - CNNMoney

Tue, 01/16/2018 - 11:01am

CNNMoney

America is missing out on a tourism boom
CNNMoney
The number of trips made by global travelers surged 7% last year, according to new projections from the UN World Tourism Organization (UNWTO). Meanwhile, trips to the U.S. fell by about 4%. The decline, which follows a 2% drop in 2016, allowed Spain to ...
New UNWTO Secretary General endorses first Global Tourism Resilience Center in JamaicaeTurboNews
Tourists fell more in love with Europe than the US in 2017Quartz
Global tourism surges +7% to 1.32bn in 2017, says UNWTOTRBusiness
Travel Daily News International -Business Insider Australia
all 40 news articles »

Dow breaches 26000 mark on robust earnings reports - NBCNews.com

Tue, 01/16/2018 - 10:51am

NBCNews.com

Dow breaches 26000 mark on robust earnings reports
NBCNews.com
Hopes of strong quarterly earnings, supported by a steep cut in corporate taxes, and solid global economic growth have bolstered Wall Street's optimism in the start to 2018. Video Will Begin In... 3. Play. Facebook · Twitter; Embed. DOW Hits record 26 ...

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2017 International Tourism Results: the highest in seven years - Modern Diplomacy

Tue, 01/16/2018 - 10:16am

Modern Diplomacy

2017 International Tourism Results: the highest in seven years
Modern Diplomacy
International tourist arrivals grew by a remarkable 7% in 2017 to reach a total of 1,322 million, according to the latest UNWTO World Tourism Barometer. This strong momentum is expected to continue in 2018 at a rate of 4%-5%. Based on data reported by ...

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Bitcoin sinks 20% - CNNMoney

Tue, 01/16/2018 - 9:40am

CNNMoney

Bitcoin sinks 20%
CNNMoney
The price of the volatile digital currency dipped below $12,000, its lowest level in more than a month, according to data from CoinDesk.com. Other popular cryptocurrencies ethereum and ripple also posted double-digit losses. Powered by SmartAsset.com ...
Just Another Day for Bitcoin—a 20% PlungeWall Street Journal

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Dow breaks above 26000 for the first time, Merck and UnitedHealth jump - CNBC

Tue, 01/16/2018 - 9:31am

CNBC

Dow breaks above 26000 for the first time, Merck and UnitedHealth jump
CNBC
U.S. stocks traded sharply higher as investors chased a market breaking out on better-than-expected earnings and rising economic optimism under President Donald Trump. The Dow Jones industrial average broke above 26,000 for the first time earlier in ...
Dow 26000: The stock market is a runaway freight trainCNNMoney
Dow surges past 26000, just 12 calendar days after surpassing 25KUSA TODAY
Dow breaches 26000 mark on robust earnings reportsNasdaq
TheStreet.com -Financial Times
all 17 news articles »

Citigroup Plays Up Investor Payouts Once Tax Cuts Trigger Profits - Bloomberg

Tue, 01/16/2018 - 8:20am

Bloomberg

Citigroup Plays Up Investor Payouts Once Tax Cuts Trigger Profits
Bloomberg
As big U.S. banks weigh how to divvy up their windfall from a massive U.S. tax cut, Citigroup Inc.'s approach appears to be set: Shower profits on investors. Lower tax rates mean the bank can stick to its multiyear plan to pay out at least $60 billion ...
Citi profit tops estimates; books $22 billion tax chargeReuters
Citi posts strong earnings, despite taking $22 billion hit from tax reformBusiness Insider
Citigroup Reports Fourth Quarter 2017 Financial ResultsBusiness Wire (press release)
CNBC -Wall Street Journal -Financial Times -The Globe and Mail
all 23 news articles »

Dow futures surge 206 points, index set to hit 26000 for the first time - CNBC

Tue, 01/16/2018 - 8:17am

CNBC

Dow futures surge 206 points, index set to hit 26000 for the first time
CNBC
U.S. stock index futures were up sharply ahead of Tuesday's open following the long holiday weekend. Dow Jones industrial average futures rose 206 points, setting up the 30-stock index to break above 26,000 for the first time. S&P 500 and Nasdaq 100 ...
Dow on track to top 26000 at openReuters
Dow aims for 26000 as Wall Street eyes new milestonesFinancial Times
Dow near 26000; BP losses; US dollar weaknessCNNMoney
Morningstar.com -Armenpress.am -FX Empire
all 17 news articles »

Energizer Spends $2 Billion to Add Rayovac Brand - U.S. News & World Report

Tue, 01/16/2018 - 7:46am

U.S. News & World Report

Energizer Spends $2 Billion to Add Rayovac Brand
U.S. News & World Report
FILE - This Feb. 2, 2015, file photo shows examples of new Energizer EcoAdvanced batteries, at the company's headquarters in St. Louis. Energizer will spend about $2 billion to acquire the battery and lighting assets of Spectrum, adding the Rayovac ...
Energizer buying Rayovac batteries for $2 billionSTLtoday.com
The Energizer Bunny Is Buying Rayovac in a $2 Billion DealFortune
Energizer to Buy Spectrum's Batteries and Lighting Unit for $2 BillionWall Street Journal
Madison.com -St. Louis Business Journal -Channel3000.com - WISC-TV3 -Business Wire (press release)
all 16 news articles »

McDonald's aims for fully recycled packaging by 2025 - BBC News

Tue, 01/16/2018 - 7:37am

BBC News

McDonald's aims for fully recycled packaging by 2025
BBC News
Fast food giant McDonald's has said all its packaging worldwide will come from sustainable sources by 2025. The restaurant chain will aim to get all items like bags, straws, wrappers and cups from recycled or renewable materials, up from half currently ...
McDonald's Is Addressing A Top Customer Concern: All That Trash It MakesBuzzFeed News
McDonald's to recycle packaging in all locations globally by 2025Chicago Tribune
McDonald's sets huge sustainability targetSeeking Alpha
SILive.com
all 13 news articles »

Just Another Day for Bitcoin—a 20% Plunge - Wall Street Journal

Tue, 01/16/2018 - 7:29am

Wall Street Journal

Just Another Day for Bitcoin—a 20% Plunge
Wall Street Journal
The price of bitcoin plunged by as much as 20% on Tuesday amid concerns about tighter regulation, with the volatile virtual-currency dipping below $12,000 for the first time since early December. By early afternoon in London, bitcoin traded at $12,064 ...

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GE to Take $6.2 Billion Charge Tied to Long-Term Care Insurance - Bloomberg

Tue, 01/16/2018 - 7:26am

Boston Herald

GE to Take $6.2 Billion Charge Tied to Long-Term Care Insurance
Bloomberg
General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the ...
GE Shares Slump After $6.2 Billion Earnings Hit Linked to Finance UnitTheStreet.com
GE to take $6.2 billion charge related to its legacy reinsurance businessesCNBC
GE Expects $6.2 Billion Charge After Reviewing Insurance ReserveWall Street Journal
ABC News -StreetInsider.com -Financial Times
all 13 news articles »

Google plans to build 3 new underwater cables to expand its cloud business - CNBC

Tue, 01/16/2018 - 7:15am

CNBC

Google plans to build 3 new underwater cables to expand its cloud business
CNBC
Google is planning to build three underwater cables in 2019 to help expand its cloud business to new regions as it battles rivals Microsoft and Amazon. The subsea cables will run across different routes. The first will go from Los Angeles to Chile, the ...
Google Plans to Expand Huge Undersea Cables to Boost Cloud BusinessWall Street Journal
Google to Expand Cloud Infrastructure With New Regions, Submarine CablesU.S. News & World Report

all 11 news articles »Google News

Google plans to build 3 new underwater cables to expand its cloud business - CNBC

Tue, 01/16/2018 - 7:15am

CNBC

Google plans to build 3 new underwater cables to expand its cloud business
CNBC
Google is planning to build three underwater cables in 2019 to help expand its cloud business to new regions as it battles rivals Microsoft and Amazon. The subsea cables will run across different routes. The first will go from Los Angeles to Chile, the ...

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GE Shares Plunge After $6.2 Billion Earnings Hit Linked to Finance Unit - TheStreet.com

Tue, 01/16/2018 - 7:08am

TheStreet.com

GE Shares Plunge After $6.2 Billion Earnings Hit Linked to Finance Unit
TheStreet.com
GE will take a $6.2 billion earnings hit, and pay $15 billion into GE Capital's 'run-off'insurance portfolio, North American Life & Health, over the next seven years. ByMartin Baccardax. Jan 16, 2018 8:12 AM EST. General Electric Co. (GE) shares ...

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Energizer Holdings (ENR) to Acquire Spectrum Brands' (SPB) Battery Business for $2B - StreetInsider.com

Tue, 01/16/2018 - 6:06am

Frisco Fastball

Energizer Holdings (ENR) to Acquire Spectrum Brands' (SPB) Battery Business for $2B
StreetInsider.com
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Energizer Holdings, Inc. (NYSE: ENR) today announced that it has entered into a definitive agreement to acquire Spectrum Brands' (NYSE: SPB ...
Spectrum Brands selling Rayovac battery business to competitor Energizer Holdings for $2BMadison.com
The Energizer Bunny Is Buying Rayovac in a $2 Billion DealFortune
Energizer to buy Spectrum Brands unit for $2 blnReuters
STLtoday.com -Wall Street Journal
all 29 news articles »

UnitedHealth Group (UNH) Tops Q4 EPS by 8c, Revs Beat; Raises Outlook - StreetInsider.com

Tue, 01/16/2018 - 5:59am

Washington Post

UnitedHealth Group (UNH) Tops Q4 EPS by 8c, Revs Beat; Raises Outlook
StreetInsider.com
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. UnitedHealth Group (NYSE: UNH) reported Q4 EPS of $2.59, $0.08 better than the analyst estimate of $2.51. Revenue for the quarter ...
Unitedhealth Group INC (UNH) Stock Price Rose While Pictet Bank & Trust LTD Lifted HoldingFrisco Fastball
Unitedhealth Group INC (UNH) Holding Has Boosted by Pictet Bank & Trust LtdKL Daily

all 47 news articles »

Spotify Disrupted the Music World, Now It's Doing the Same to Wall Street - Yahoo Finance

Tue, 01/16/2018 - 5:13am

Yahoo Finance

Spotify Disrupted the Music World, Now It's Doing the Same to Wall Street
Yahoo Finance
FILE PHOTO: Spotify CEO Daniel Ek speaks during a media event in New York, U.S., May 20, 2015. REUTERS/Shannon Stapleton/File Photo. More. Spotify AB upended the world of music with its popular streaming service. Now it is threatening to do the same to ...

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