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Friday May 27th 2016

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Business – Google News

Asia stocks edge up after US data, dollar consolidates month’s gains – Reuters


Reuters

Asia stocks edge up after US data, dollar consolidates month's gains
Reuters
TOKYO/SINGAPORE Asian stocks pulled ahead on Friday after U.S. data continued to put the economy in a positive light, while the dollar was on the defensive against major peers. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS …
300 Yen to Dollar Among Japan Debt Scenarios for Author NoguchiBloomberg
Asia stocks edge up after upbeat US data, dollar sagsReuters Canada
What Lies Ahead For The Yen ETF After The G-7 Meet?Seeking Alpha
Barron’s (blog) –Daily Mail –GlobalPost –Nikkei Asian Review
all 36 news articles »

Posted on 27 May 2016 | 3:25 am

Trump vows to undo Obama’s climate agenda in appeal to oil sector – Reuters


Reuters

Trump vows to undo Obama's climate agenda in appeal to oil sector
Reuters
BISMARCK, N.D. Donald Trump, the presumptive Republican presidential nominee, promised on Thursday to roll back some of America's most ambitious environmental policies, actions that he said would revive the ailing U.S. oil and coal industries and …
Trump promotes fossil fuels and assails pollution rules in energy planWashington Post
Trump outlines 'America First' energy planThe Hill
Unapologetic, Trump promises to make America richPolitico
Alaska Dispatch News –Fox News –Grist –Breitbart News
all 225 news articles »

Posted on 27 May 2016 | 3:16 am

UPDATE: 49000 in Putnam, Northern Westchester and Dutchess Without Power – Patch.com


Patch.com

UPDATE: 49000 in Putnam, Northern Westchester and Dutchess Without Power
Patch.com
UPDATE: Nearly 49,000 customers in Dutchess, Putnam and Northern Weatchester are affected by the Thursday night power outage. ———————————————————————. UPDATE: The power outage in much of northeastern
North Suburban Customers Left Without Power After Substation FireCBS Local
NY substation fire knocks out power to thousandsBeaumont Enterprise
Thousands in the dark; massive power outage across countyThe Putnam County Courier (subscription)

all 7 news articles »

Posted on 27 May 2016 | 2:59 am

Asian Stocks Extend Rally Amid Yellen Countdown as Oil Retreats – Bloomberg


Bloomberg

Asian Stocks Extend Rally Amid Yellen Countdown as Oil Retreats
Bloomberg
Asian equities shrugged off a lackluster session in the U.S. amid speculation weakness in Japan's economy will cause a planned sales-tax increase to be delayed. The dollar lost ground as investors awaited an appearance by the head of the Federal
Oil prices retreat from $50 on oversupply concerns, stronger dollarReuters
In brief: Crude oil goes briefly above $50Houston Chronicle
Oil prices flirt with key $50 markLos Angeles Times
Appeal-Democrat –Wall Street Journal –MarketWatch –Naples Daily News
all 385 news articles »

Posted on 27 May 2016 | 1:14 am

North Korea Linked to Digital Attacks on Global Banks – New York Times


NDTV

North Korea Linked to Digital Attacks on Global Banks
New York Times
Security researchers have tied the recent spate of digital breaches on Asian banks to North Korea, in what they say appears to be the first known case of a nation using digital attacks for financial gain. In three recent attacks on banks, researchers
Symantec says SWIFT heist linked to Philippines attack, Sony hackReuters
Bangladesh Inquiry Uncovers Cyberheist From 2013Wall Street Journal
12 more banks now being investigated over Bangladeshi SWIFT heistArs Technica
Computerworld –CNNMoney –Financial Times –Bloomberg
all 45 news articles »

Posted on 27 May 2016 | 12:53 am

Will Twilio reopen tech IPO window? – TechCrunch


TechCrunch

Will Twilio reopen tech IPO window?
TechCrunch
Twilio, the cloud communications platform, has revealed its IPO filing, signifying that it could enter the public markets as early as next month. If the company ends up going through with its plans, it would likely be just the third tech IPO of the
Communications Startup Twilio Files for IPOWall Street Journal
Uber tech supplier Twilio set to test public marketsCNBC
Twilio, Communications Provider To Uber And Zendesk, Files For $100M IPOForbes
Business Insider –Fortune –CNNMoney –Recode
all 25 news articles »

Posted on 27 May 2016 | 12:01 am

Goldman Sachs to Stop Rating Employees With Numbers – Wall Street Journal


Wall Street Journal

Goldman Sachs to Stop Rating Employees With Numbers
Wall Street Journal
Goldman Sachs Group Inc. GS -1.26 % is shaking up performance reviews for its roughly 36,500 workers. Starting next month, the Wall Street bank will no longer rate staff each on a scale of one to nine. And this fall, the firm will experiment with an
Goldman Sachs overhauls performance reviewsCNNMoney
Goldman Changes Policy on Employee Reviews, Plans Pilot ProgramBloomberg
Goldman Sachs Is About to Make Life a Bit Less Stressful for EmployeesFortune
Seeking Alpha –CoinDesk –Finextra –Gulf News Journal
all 18 news articles »

Posted on 26 May 2016 | 11:53 pm

Wells Fargo is offering low down payment mortgages without FHA backing – Los Angeles Times


Los Angeles Times

Wells Fargo is offering low down payment mortgages without FHA backing
Los Angeles Times
Wells Fargo & Co. has started offering a new type of mortgage that requires a tiny down payment and could appeal to customers who might otherwise get loans backed by the Federal Housing Administration. Most big banks have pulled back from offering FHA …
Chase quietly launches its own 3% down mortgage lending programHousingWire
Wells Fargo is offering mortgages with 3% down paymentsCNNMoney
'CFPB Bullied Me' into $85K Settlement: Former Wells Fargo OfficerNational Mortgage News
CNBC –Wall Street Journal –Reuters –Mail Tribune
all 25 news articles »

Posted on 26 May 2016 | 10:42 pm

How Viacom Could Have Avoided Its ‘Game of Thrones’ Leadership Saga – Fortune


Fortune

How Viacom Could Have Avoided Its 'Game of Thrones' Leadership Saga
Fortune
Sumner Redstone's iron grip on power is nothing new. Facebook, Alibaba, Amazon, take note. While Viacom's raging succession battle surrounding owner Sumner Redstone is as compelling as the company's TV dramas, the script is not new. Akin to …
The epic clash over Sumner Redstone's media empireCBS News
Viacom Director Presses for Access to Sumner RedstoneWall Street Journal
Happy 93rd Birthday to Sumner Redstone, the Man Who Refuses to DieTheWrap
Reuters –WUSA9.com –Deadline –Bloomberg
all 26 news articles »

Posted on 26 May 2016 | 7:43 pm

Jobless claims drop in 54 counties – Beckley Register-Herald


Jobless claims drop in 54 counties
Beckley Register-Herald
Jobless claims in April fell in 54 of the state's 55 counties, according to WorkForce West Virginia data, but whether the lower unemployment numbers are indicative of West Virginia coming out of a recession is still an unknown. The only county seeing

and more »

Posted on 26 May 2016 | 7:03 am

Business – BingNews

JM Real Estate Transacts $9.8 Million Sale of Suntree Office Tower On Wickham Road

BREVARD COUNTY, FLORIDA – JM Real Estate, Inc. announced the sale of Suntree Office Tower, located in Melbourne at 6905 North Wickham Road. Formerly known as “The Mercedes Homes Building,” Suntree Office Tower is a class “A” 5-story office tower …

Posted on 26 May 2016 | 9:10 pm

Top income change performers turned the numbers around

Redemption could be the theme among the companies with the biggest jumps in net income for 2015, with three of the top five gainers swinging to a profit from a loss the previous year. Carnegie-based steel roll maker Ampco-Pittsburgh topped the list as net …

Posted on 26 May 2016 | 9:09 pm

Merger puts Kraft Heinz on top in growth rathings

The winner in the region’s growth category this year — the newly merged Kraft Heinz Co. — doesn’t look like a big winner at first glance. The giant old line food company with dual headquarters in Pittsburgh and Chicago lost $266 million last year …

Posted on 26 May 2016 | 9:09 pm

SEC probe on Alibaba focuses on Singles Day sales

Since Alibaba made history with the biggest ever $25 billion listing on the New York Stock Exchange in 2014, the Chinese internet group’s fortunes in the US have seemed only to rise. Jack Ma, Alibaba’s founder, a former English teacher from Zhejiang …

Posted on 26 May 2016 | 9:07 pm

Tesla Motors Breaks Above 200-Day Moving Average – Bullish for TSLA

In trading on Thursday, shares of Tesla Motors Inc (Symbol: TSLA) crossed above their 200 day moving average of $222.57, changing hands as high as $223.24 per share. Tesla Motors Inc shares are currently trading up about 1.6% on the day. The chart below …

Posted on 26 May 2016 | 9:03 pm

Container shipments through Portland up by more than 1,300 percent since 2011

The Port of Portland, which lost its container business in the wake of the Great Recession, is thriving once again, with container shipments up by more than 1,300 percent since 2011. The dramatic increase is largely attributable to Icelandic shipping …

Posted on 26 May 2016 | 9:01 pm

Chicago Agriculture Commodities Finished Mixed Thursday

Chicago Board of Trade (CBOT) Corn, Wheat extended gains Thursday, and Soybean retreated as more rain was forecast in the US Southern Plains and Midwest. The most active Corn contract for Jul delivery rose 3.50 cents, or 0.86%, to close at 4.0825 bu.

Posted on 26 May 2016 | 8:53 pm

Again, Militants Bomb Chevron Crude Pipeline in Warri

Alike Ejiofor in Lagos, Chineme Okafor in Abuja and Sylvester Idowu in Warri with agency report Niger Delta militants again last night bombed Chevron’s crude oil pipeline located at Abiteye in Warri South West Local Government of Delta State, forcing the …

Posted on 26 May 2016 | 8:51 pm

Asian Stocks Mostly Higher Ahead of Yellen Talk, US Data

Asian stock markets were mostly higher Friday as investors maintained a cautiously optimistic outlook while they waited for U.S. economic data and remarks by the Fed chief. KEEPING SCORE: Japan’s benchmark Nikkei 225 index added 0.4 percent to 16,843.73 …

Posted on 26 May 2016 | 8:46 pm

California regulators approve battery storage to help avoid summer blackouts

State regulators have approved the purchase of battery storage for electricity to support Southern California’s energy supply, which faces potential shortages because of the troubled Aliso Canyon natural gas storage facility. The California Public …

Posted on 26 May 2016 | 8:43 pm