Just Like Bob Dylan, Volvo Is Going Electric
Say what you like about Volvo, whose vehicles are famously safe but boring, its staff certainly know how to write a press release. On Wednesday, the Chinese-owned Swedish auto-maker declared the end of the “solely combustion engine-powered car” and trumpeted how from 2019 all of its cars will have an electric motor.To be clear, that doesn’t mean Volvo is about to do away entirely with petrol or diesel engines, nor will it sell only fully electric cars, a la Tesla Inc.While Volvo does plan sever..>> view originalOracle Has a Business That Is Going to Double in Size and Help Send Its Stock Soaring 24%
Computer software company Oracle Corp. ( ORCL) will see its cloud sales double over the next two years, analysts at KeyBanc predicted. The firm hiked its rating on the company's stock to "Overweight" from "Sector weight" with a $61 price target, about ...>> view originalFast internet likely to keep trading in London after Brexit: ECB
FRANKFURT (Reuters) - Access to ultra-fast internet cables in London is likely to make financial firms reluctant to move out of London even after Britain leaves the European Union, a study by the European Central Bank has found. The City of London's prominence as Europe's financial hub has been put into question by Britain's decision to leave the EU, which threatens to make it harder for London firms to access the bloc's single market. But an ECB study found that any withdrawal from London would..>> view originalUS stocks slip as Wall Street awaits Fed minutes
U.S. stocks alternated between gains and losses on Wednesday as investors awaited the release of the minutes from the Federal Reserve's latest meeting. The Dow Jones industrial average fell about 15 points, with Home Depot contributing the most losses. The 30-stock index briefly traded higher earlier in the session. The S&P 500 rose 0.1 percent, with information technology outperforming, after turning lower earlier on Wednesday. The Nasdaq composite outperformed, rising 0.4 percent. The Fed mi..>> view originalMonte Paschi looks to leave 'emergency room' and return to profit
MILAN Italian bank Monte dei Paschi di Siena (BMPS.MI) set out plans to get out of the "emergency room" and return to profit on Wednesday, clearing the way for a state bailout that should remove the biggest threat to the country's financial stability.The world's oldest bank said on Wednesday it expected a net profit of more than 1.2 billion euros ($1.4 billion) in 2021, from a loss of 3.2 billion euros last year, as part of a restructuring plan approved by European authorities. "It's a conser..>> view originalBREAKING: Postal worker admits to delivering drugs along Boca route
BOCA RATON For months a U.S. postal worker took cash bribes to deliver packages of drugs along her route in Boca Raton, the 53-year-old told federal authorities. On Friday, Evelyn Ramona Price pleaded guilty in federal court to bribery of a public official, a charge that carries a maximum sentence of 15 years in federal prison and a fine of $250,000. Federal authorities questioned Price in late October when a package she delivered to The Oaks in Boca Raton was addressed to a woman who didn’t..>> view originalUS laptop ban lifted on Emirates and Turkish Airlines
Image copyright Getty Images Emirates and Turkish Airlines have said the cabin ban on laptops no longer applies on their flights to the US.In March, the US banned laptops and other large electronic devices to and from eight mostly Muslim nations, fearing bombs may be concealed in them.Emirates, which flies to the US from its Dubai hub, said it worked with US authorities to meet new security rules.Turkish Airlines said it was also now allowing passengers travelling to the US to take their la..>> view originalGoldman predicts Tesla shares will get cut in half on 'plateauing' Model S sales
While some investors may be optimistic on Tesla's Model 3 production plans, Goldman Sachs is concerned over slowing sales growth of the company's current electric cars. The report helped send Tesla's stock down about 5 percent in the first hour of trading. Goldman analyst David Tamberrino lowered his six-month price target for Tesla to $180 from $190, representing 49 percent downside from Monday's close. "We remain sell rated on shares of TSLA where we see potential for downside as the Model ..>> view originalWorldpay Agrees to $9.9B Merger with Vantiv
Share Tweet Share Share Share Email Vantiv in, JPMorgan out. In a swift denouement to merger speculation that Worldpay, the biggest payment processing firm in the United Kingdom, would be a takeout candidate for some of its largest rivals across the pond, Vantiv and Worldpay said Wednesday that they had agreed in principle on a merger worth about $9.9 billion. The deal gives Vantiv greater reach internationally, which had been a point of strategic musings in the financial trade press, and va..>> view originalOne of the world's biggest bitcoin exchanges has been hacked
Smash-and-grab. Berliner Volksbank via Getty Images One of the largest bitcoin exchanges in the world has been hacked and 30,000 customers' data has been compromised, according to a report from Yonhap News. Bithumb is based in South Korea, and the country's internet watchdog Internet & Security Agency is investigating after some customers say they lost money in the attack. Bithumb did not immediately respond to Business Insider's request for comment, though it report..>> view original
Tuesday, August 8, 2017
Just Like Bob Dylan, Volvo Is Going Electric and other top stories.
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