Warren Buffett says coal won't make a comeback

Yet Buffett and Munger stood by Wells Fargo and other Berkshire investments, including United Airlines and Coca-Cola. Still, Buffett said that layoffs were sometimes necessary to make companies more productive. "In Buffett's annual letter in 2015... More..

by | Published more than a month ago
by | Sunday, May 14, 2017

Crude posts further gain in Asia after suprise USA stocks draw

Supply in Cushing Oklahoma fell but 438,000 barrels as well. "We saw the biggest draw in (U.S.) inventories for the year last week with stockpiles down more than 5 million barrels, and it looks like OPEC's pr...More..

Kohl's posts higher profit as store traffic improves
by | Sunday, May 14, 2017

Kohl's posts higher profit as store traffic improves

Royal Bank of Canada dropped their price target on Kohl's Co. from $42.00 to $39.00 and set an "underperform" rating for the company in a research report on Friday. According to Kohl's executives, the new l...More..

by | Sunday, May 14, 2017

Rugby World Cup draw

England fell at the first hurdle when hosting the tournament two years ago, with Australia and Wales, who both beat them in 2015, set to face off again in Pool D . "I'm not just saying that. the European Cup ...More..

by | Saturday, May 13, 2017

Hanford crews work overnight to begin tunnel repairs

The Energy Department said in a statement that officials were "responding to reports of a cave-in of a 20-foot section of a tunnel. used to store contaminated materials". Now, the site is the biggest depo...More..

by | Saturday, May 13, 2017

Evaluating LA bid for 2024 Olympics requires imagination

After bidding for the 2024 Olympics, Los Angeles might have to wait. Some of the opening ceremonies, including the famous Parade of Nations, would take place in a $2.6 billion National Football League stadium...More..

by | Saturday, May 13, 2017

Trump keeps Comey battle alive by warning him not to talk

The White House denies that Mr Trump asked him to pledge his loyalty. Nothing can be taken at face value, from White House estimates of the size of the inauguration crowd, to Spicer denying that Trump's e...More..

Snapdeal closer to Flipkart deal
by | Saturday, May 13, 2017

Snapdeal closer to Flipkart deal

The Alibaba-backed Paytm has now signed a non-exclusive term sheet for a potential acquisition of Freecharge from its current owner - Snapdeal. At the start of this week Snapdeal had agreed to sign a non-bind...More..

by | Saturday, May 13, 2017

Banks hit with new levy, potentially costing billions

Despite the Treasurer's promise to ease cost-of-living pressures, it is becoming apparent that some Aussies will be slugged with a "university tax", a "health tax" and a "banking tax", while high-income earners...More..

Mechanics caused $4M in damage to plane in Air Force One fleet
by | Saturday, May 13, 2017

Mechanics caused $4M in damage to plane in Air Force One fleet

According to a Defense Department report made public this week, the mistake occurred last April when the plane, technically known as a Boeing VC-25A, was in Port San Antonio, Texas for routine maintenance. The...More..

Energy chief says hole has been filled at nuclear waste site
by | Saturday, May 13, 2017

Energy chief says hole has been filled at nuclear waste site

Workers at Hanford began filling a collapsed section of a rail vehicle tunnel near the PUREX Plant on Wednesday morning. Perry announced that the 400-square foot (37 square meters) partial collapse of the t...More..

Boeing, Airbus Have Chinese Rival
by | Saturday, May 13, 2017

Boeing, Airbus Have Chinese Rival

Single-aisle plane can carry up to 168 passengers and is meant to rival Airbus and Boeing aircraft. The C919, a twin-engine airliner created to compete with the Airbus 320 and Boeing 737, took off from Shangh...More..

by | Saturday, May 13, 2017

Oil up on falling USA inventories

Essentially, what we are looking at is an overall drawdown in crude oil over the last couple of weeks, but it's just being converted to gasoline. U.S. Oil prices have plummeted from around $100 a barrel in 20...More..

by | Saturday, May 13, 2017

Evan Spiegel talks about dealing with copycats as Snapchat shares plummeted

Snap's stock $5.50, or 24 percent, to $17.48 in after-hours trading. Snap reported earnings for the first time on Wednesday, and based on the results, Facebook CEO Mark Zuckerberg must be feeling pretty smu...More..

United flight delayed after scorpion reported aboard
by | Saturday, May 13, 2017

United flight delayed after scorpion reported aboard

According to the United Airlines, the scorpion "emerged from a customer's clothing". United directed the plane back to its gate when the creature was spotted and had medics examine the customer for any scorpion...More..

by | Saturday, May 13, 2017

North Korea travel warnings issued to Americans

SEOUL-South Korea's Moon Jae-in opened his presidency by declaring his willingness to go to North Korea when conditions are right, in keeping with a campaign promise to seek dialogue with his country's nuclear-...More..

by | Saturday, May 13, 2017

Stock inside Traders Spotlight: Becton, Dickinson and Company's (BDX)

Becton, Dickinson and Company's short ratio is now at 2.39 and the float short is at 1.35%. The medical instruments supplier reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks' consensu...More..

Officer shot, multiple injured at OH nursing home; Shooter 'neutralized'
by | Saturday, May 13, 2017

Officer shot, multiple injured at OH nursing home; Shooter 'neutralized'

The deceased were the Kirkersville police chief, two employees of the nursing home and the suspected shooter. He had only been chief of the police department for about three weeks. He said he saw people "runn...More..

by | Saturday, May 13, 2017

Desjardins Brokers Lower Earnings Estimates for CT Real Estate Investment Trust (CRT)

T_REI's profit would be $132.47M giving it 15.68 P/E if the $0.41 EPS is correct. It has underperformed by 26.31% the S&P500.The move comes after 6 months negative chart setup for the $93.79 million company. It...More..

by | Saturday, May 13, 2017

North Korea Says It Has Detained Another American Citizen

He worked at Pyongyang University of Science and Technology, the same workplace as another American, accounting instructor Kim Sang Dok, whose detention was announced last Wednesday. Citing unidentified diploma...More..

by | Saturday, May 13, 2017

Senate Republicans Weigh Options to Lower Health Insurance Premiums

The House narrowly voted to overturn the popular ACA health care plan by a vote of just 217 to 213. Unlike the ACA ("Obamacare"), the Republican bill would allow insurance companies to charge rural resident...More..

China and US reach agreement on beef, poultry, natural gas
by | Saturday, May 13, 2017

China and US reach agreement on beef, poultry, natural gas

The agreement appears a step toward easing discord between the world's two largest economies, but it steers clear of bigger issues that would have more substantial impact on the USA trade deficit. Beijing will ...More..

India's April Retail Inflation Seen Easing To 3-Month Low
by | Saturday, May 13, 2017

India's April Retail Inflation Seen Easing To 3-Month Low

The government today released the new series of wholesale inflation and industrial output data under which the base year for calculating the macroeconomic indicators has been revised to 2011-12, from the 2004-0...More..

Here's how Apple is making its money outside of iPhone sales
by | Saturday, May 13, 2017

Here's how Apple is making its money outside of iPhone sales

Cook, who met with lawmakers in Washington earlier this year to discuss tax policy and technology issues, said that Apple would have to borrow the cash for its USA manufacturing investment fund and said he wa...More..

by | Saturday, May 13, 2017

Macron to defend climate deal to Trump

The agreement is seen as crucial for the success of efforts to limit the global temperature rise to below 2C above pre-industrial levels by 2100. The Bonn talks have been overshadowed by fears that the world'...More..