1 of 47 The World’s Youngest Billionaires 2015 Fourty-four of the world’s wealthiest people are under 40 years old. Meet the globe’s richest youngsters.
French IT services firm Atos said on Tuesday it had agreed to buy communications firm Unify for 340 million euros ($373 million) as it looks to expand into corporate telephony. Atos, which is 12 percent owned by Siemens , said in a statement the acquisition from Gores Group and Siemens was subject to regulatory approvals, but it hoped the deal would be finalised in the first quarter of 2016.
SAN FRANCISCO (AP) — Google is putting a different twist on the concept of “automated reply” with a new tool that aims to write artificially intelligent responses to your email. The technology is part of an update to Google’s Inbox app for managing and organizing email. The feature announced Tuesday is the latest example of Google’s effort to teach machines how to take over some of the tasks typically handled by humans.
Market Update: United Technologies Corp (NYSE:UTX) – Lockheed, United Tech to close Sikorsky deal by Friday
[Reuters] – Lockheed Martin Corp said it expects to close its $9 billion acquisition of Sikorsky Aircraft from United Technologies Corp on Friday, now that it has received final regulatory approval from China. “With … United Technologies Corporation (UTX), with a current market cap of $88.81B, opened at $99.38.
LINCOLN, Neb. (AP) — Nebraska is again at the center of the political debate over the Keystone XL pipeline as the company behind the project asks the State Department to pause its review of the proposal while TransCanada works with state officials to secure its preferred route. The request marks the latest turn in the long-running battle between well-organized Nebraska landowners who oppose the pipeline and its developer.
XAU/USD extends the sell-off following the Federal Reserve interest rate decision, with the precious metal at risk for further decline amid the ongoing series of lower highs & lows in price, while the Relative Strength Index (RSI) fails to preserve the bullish formation from July. As gold and …
Third-quarter losses in the market resulted in institutional asset owners, including ERISA plans, losing a median of 4.6 percent in value. Northern Trust Universe data tracked the performance of about 300 large U.S. institutional investment plans with a combined asset value of approximately $899 billion that subscribe to performance measurement services as part of Northern Trust’s asset servicing offerings.
WASHINGTON – Orders to U.S. factories fell in September for a second straight month, with a key category that tracks business spending plans also losing ground. Factory orders dropped 1 percent in September following a 2.1 percent decline in August, the Commerce Department reported Tuesday. A category that serves as a proxy for business investment …
[at Forbes] – Apple will have no choice but to stop selling the iPhone in the UK if a new terror law passes Apple Inc. (AAPL), valued at . . . iPhone 7s and iPhone 8 Company Update: Apple Inc (NASDAQ:AAPL) – Apple Loop: iPhone 6S Plus Reviews, Embarrassing Bugs Stop iPhone Updates, The Many Secrets Of iOS 9 Market Update (NASDAQ:AAPL): Apple Introduces iPhone 6s & iPhone 6s Plus
WASHINGTON – Mortgage giant Freddie Mac reported a $475 million net loss for the third quarter, as it sustained losses on the investments it uses to hedge against swings in interest rates. The government-controlled company said Tuesday the July-through-September loss mainly reflected accounting measures, while its business was strong and continued to improve.
As part of an effort to entice and retain its drivers, Uber is planning to offer them banking services. According to a report by Quartz, the ride-share start-up’s new plan would allow drivers to register for a bank account or prepaid card at the start of their employment with Uber. This would allow drivers to get paid the same day they work as opposed to the current weekly policy.
The nation’s top lenders are reporting mortgage rates are mostly on the way up for this Tuesday afternoon. The current national average for the 30 year fixed mortgage is 3.76%, and the 15 year fixed is at a 2.98%. The 5-year ARM is averaging at 2.89%, and the 1-year ARM is 2.54%. Bank of America’s 30 year fixed mortgage are unchanged at 3.875%, and the 5/1 [ ]
(Bloomberg) — John Hancock Financial Network, a U.S. unit of Canada’s Manulife Financial Corp., agreed to buy assets from the Transamerica broker-dealer subsidiary in a deal that will add as many as 1,100 advisors. The advisors work at about 50 firms and will become affiliated with John Hancock’s Signator Investors, the buyer said in a statement Tuesday that didn’t disclose terms.
Notes:There’s power in parallels – Kiwi has continued to trade within the confines of these parallels off the October highs with today’s lows coming in just pips off the 38.2% retracement of the late-September advance at 6644. The short-side is at risk while above this region heading into major event risk into the later part of the week.
A company owned by media magnate Rupert Murdoch is set to acquire all of the Malaysian-based company iProperty Group Ltd., which offers online real estate classified advertising in the Asia-Pacific region. REA Group, which is 62 percent-owned by the Australian News Corp, announced the $414 million deal Sunday, according to the Wall Street Journal.
Market Update (NASDAQ:CTSH): Cognizant Technology Solutions (CTSH) Stock Lower Ahead of Earnings Results
[at TheStreet] – Cognizant Technology Solutions (CTSH) will release its latest financial report before the market open on Wednesday morning. Cognizant Technology Solutions Corporation (CTSH), with a current value of $41.53B, opened this morning at $68.16. Looking at today’s trading action, the company’s one day range from $68.06 to $68.91 and has traded between $48.40 and $69.80 over the past 12 months.
(Reuters) – Groupon Inc, operator of daily deals website groupon.com, said Chief Operating Officer Rich Williams would succeed Eric Lefkofsky as chief executive officer. Lefkofsky will return to the role of chairman, effective immediately. Net loss attributable to Groupon widened to $27.6 million, or 4 cents per share, in the third quarter ended Sept. 30, from $21.2 million, or 3 cents per share, a year earlier.
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CALGARY – The company behind the long-delayed Keystone XL pipeline denies the 2016 U.S. presidential election was a factor when it asked for the review of the project to be suspended. TransCanada CEO Russ Girling says the company has tried to stay out of politics throughout the more than seven years that the project has been winding its way through the regulatory process.
Even though global markets look attractive with central bank easing around the world, the best strategy may still be investing in the U.S.. Edge Asset Management President Jill Cuniff tells CNBC’s “Power Lunch” on Tuesday she is bullish on U.S. equities. “The economic environment in the EU is fragile, as evidenced by Draghi’s confirmation that the ECB is still open to QE.
DETROIT (AP) — U.S. auto safety regulators fined Takata Corp. of Japan $70 million for lapses in the way it handled recalls of millions of explosion-prone air bags that are responsible for eight deaths and more than 100 injuries worldwide. Regulators also ordered Takata to stop making the air bag inflators at the heart of the problem unless the company can prove they are safe.