RSSCategory: News

GoPro shares attract more short sellers on competition fears

GoPro shares attract more short sellers on competition fears

SAN FRANCISCO: Short sellers have dramatically increased bets against GoPro in September as the wearable videocamera maker’s stock fell sharply due to growing concerns about competition. The shares rose 3 percent on Tuesday after Chief Executive Nick Woodman on CNBC defended against recent criticism that GoPro, which is popular among surfers and sky divers, is […]

September 22, 2015 | By | Reply More
US business borrowing for equipment falls in August: ELFA

US business borrowing for equipment falls in August: ELFA

REUTERS: U.S. companies’ borrowing for capital investment fell 7 percent in August, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for US$6.9 billion in new loans, leases and lines of credit last month. Their borrowing fell 18 percent from July. “With the Fed poised to increase short-term interest rates for the first […]

September 22, 2015 | By | Reply More
Oakland lawsuit accuses Wells Fargo of mortgage discrimination

Oakland lawsuit accuses Wells Fargo of mortgage discrimination

NEW YORK: The City of Oakland, California has sued Wells Fargo & Co, accusing the largest U.S. mortgage lender of steering minorities into high-cost mortgage loans that allegedly led to foreclosures, abandoned properties and neighborhood blight. The complaint is a sign that U.S. municipalities are not relenting in a push to hold big banks liable […]

September 22, 2015 | By | Reply More
Boeing CEO sees scope for additional 737 work in China

Boeing CEO sees scope for additional 737 work in China

SEATTLE: Boeing Co Chief Executive Dennis Muilenburg said on Tuesday he sees scope for additional 737 work going to China as the company continues to increase production rates of the single-aisle jetliner. “As we ramp up capabilities in China, including additional 737-related work, the actions that we’ll take are actions that will also allow us […]

September 22, 2015 | By | Reply More
Goldman CEO Blankfein says has 'highly curable' form of cancer

Goldman CEO Blankfein says has 'highly curable' form of cancer

REUTERS: Lloyd Blankfein, the chairman and chief executive officer of Goldman Sachs Group Inc, said on Tuesday he had a “highly curable” form of cancer and would be able to work mostly as normal during treatment. The veteran Wall Street boss, who navigated the U.S. investment bank through the financial crisis, told employees and shareholders […]

September 22, 2015 | By | Reply More
Stocks sell off amid fall in commodity prices

Stocks sell off amid fall in commodity prices

REUTERS: Wall Street was more than 1 percent lower on Tuesday afternoon amid a decline in commodity prices and continuing uncertainty about when the Federal Reserve will raise interest rates. The selloff was broad-based. All 30 Dow components declined. All 10 major S&P sectors were lower, led by a 2.2 percent drop in the materials […]

September 22, 2015 | By | Reply More
European stocks tumble on China downgrade, VW scandal

European stocks tumble on China downgrade, VW scandal

LONDON: European stock markets tumbled on Tuesday (Sep 22) with car manufacturers and miners in freefall on the worsening Volkswagen scandal and a bleak outlook for China’s economy, dealers said. Frankfurt’s benchmark DAX 30 index sank 3.80 per cent to 9,570.66 points, with carmaker Volkswagen collapsing by a nearly fifth after revealing as many as […]

September 22, 2015 | By | Reply More
Nissan says to redesign Altima

Nissan says to redesign Altima

REUTERS: Nissan Motor Co Ltd said its mid-sized sedan, Altima, would undergo an extensive redesign in an effort to boost demand for the best-selling vehicle in the automaker’s stable. The 2016 model year Altima will feature a new look for the exterior and have expanded safety and security features, Nissan North America said in a […]

September 22, 2015 | By | Reply More
New York pilots a scheme to allow vehicles to communicate with one another

New York pilots a scheme to allow vehicles to communicate with one another

NEW YORK’S drivers are not always renowned for keeping their eyes glued to the road. Anyone who has visited the city could easily imagine the following scenario: you’re in a cab from the airport to Midtown. Just as your light turns green, an impatient bus driver crossing your street tries to sneak through a yellow, […]

September 22, 2015 | By | Reply More
Indonesia struggles to stay competitive in Chinese market

Indonesia struggles to stay competitive in Chinese market

NANNING, China: China’s economy may be weakening, but Indonesia sees potential in its massive consumer market. At China’s second largest tradeshow in Nanning, Indonesia is doing all it can to promote its goods to Chinese customers in a bid to improve exports and support its waning economy. It is China’s growing appetite for consumer goods […]

September 22, 2015 | By | Reply More