10:13 EDT Mattel plans to launch Max Steel franchise in 2013
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On Wednesday evening, Chesapeake Energy Corp. (NYSE: CHK) stock closed at $6.72. Shares dropped by more than 5% to $6.36 early Thursday morning as the company kicked off its first investor day presentation in two years. The downturn was very likely the result of the company’s forecast for 2016 and 2017. Production growth is estimated at flat to up 3% for 2016 and at down 5% to flat for 2017. And that comes at the cost of higher capital spending. We looked at Chesapeake’s presentation in some detail on Thursday. By the end of the day Thursday, Chesapeake stock had regained all its lost ground and added 2.8% besides to close at $6.91. But by the early afternoon Friday, shares traded down about
By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. It will likely face intense scrutiny by U.S. antitrust regulators worried that AT&T might try to limit distribution of Time Warner material.
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
THE ABC NEWS FIXER Oct 22, 2016, 8:37 AM ET Read Jerry’s original letter to the ABC News Fixer below, and see how The Fixer helped get their money back. Also, check out The Fixer’s tips for the next time you need to hire a contractor for work on your home. Dear ABC New Fixer: We hired a contractor to design and build a bar for our basement. He took our $4,000 deposit and never provided the design and gave us the runaround for months. We've asked for our money back multiple times, but every time, he says he doesn’t have it or it's “a cash flow issue." Interestingly, he has his own reality show on the Discovery Channel about building high-quality bars. He also opened a tavern next to his workshop.
Airbnb is also engaged in a pitched battle in its home of San Francisco, where the company has also sued to block a new requirement that it reject booking fees from property owners who have not registered with the city. The New York and San Francisco legal fights are a crucial test of Airbnb’s business model. Other cities looking to rein in Airbnb are watching the San Francisco proceedings and looking to the city's law as a potential model, said James Emery, deputy city attorney of San Francisco.
On Saturday a plume of noxious smoke drifted over a base with U.S. troops involved in the Iraqi offensive to retake the city of Mosul. Islamic State militants had set fire to sulfur stocks at a factory south of Mosul on Thursday. Photo: Reuters
Manchester, New Hampshire-based Dyn Inc. said its server infrastructure was hit by distributed denial-of-service, or DDoS, attacks. The attack temporarily blocked some access to popular websites from across America and Europe such as Twitter, Netflix and PayPal. Members of a shadowy hacker group that calls itself New World Hackers claimed responsibility for the attack via Twitter, though that claim could not be verified.
This could lead to future insurance cover based on "sentiment analysis", in which Big Data and artificial intelligence make predictive models ever more accurate. Swiss Re says technological advances will cut the price of insurance protection and help individuals and firms make better decisions through programmes that offer advice and incentivise improvements in areas such as health and driving. Social media monitoring is one of several advances insurers are examining to improve the pricing of policies.
He's also concerned about the earnings picture right now, noting that top line revenues are starting to "scare" him. He pointed to General Electric's result as a case in point. On Friday, it trimmed its full-year revenue forecast from 2 percent to 4 percent to flat to 2 percent growth. "These top line revenues have to increase. We have to see better numbers come out of corporate America or we are too expensive from a valuation standpoint," Bouroudjian said. Rene Nourse, managing director at Urban Wealth Management, said she feels comfortable getting back into the market now that she thinks it is signaling a likely outcome in the election. She told "Closing Bell" she particularly likes financials,
Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf Arab energy ministers in Riyadh as part of efforts to cooperate with non-OPEC members to stabilize the oil market. "Russia is one of the world's biggest oil producers ... and is one of the influential parties in the stability of the oil market," Falih said at the opening session of the six-member Gulf Cooperation Council (GCC).
By Alan Baldwin AUSTIN, Texas (Reuters) - Triple Formula One world champion Lewis Hamilton won a qualifying battle with Mercedes team mate and title rival Nico Rosberg on Saturday to secure pole position for the U.S. Grand Prix. Hamilton, 33 points behind the German with four rounds remaining, has won three of the past four races in Austin but had never before managed to seize top slot on the starting grid in Texas. The Briton's fastest lap of one minute 34.999 seconds was 0.216 quicker than Rosberg, who starts alongside him on the front row, and also the quickest yet at the Circuit of the Americas.
Life expectancy for women and men in 1970 was just short of 71 years, for example, so retirement funds did not have to see most people to age 90 or 100. Today, those of us approaching retirement are playing a very new game. Will Social Security be your primary source of income in retirement?
When it comes to their economic plans—and particularly their tax plans—the differences between Donald Trump and Hillary Clinton are stark.
Storage rooms crammed with loan documents have emerged as a hidden front line in Italy's battle to save its banks from the threat of financial crisis. Dozens of analysts have been toiling in back offices of the nation's third-largest lender, Monte dei Paschi di Siena, in the first stage of a campaign to sell or recover much of Italy's 360 billion euros ($395 billion) worth of problem loans. "Ours is a painstaking job," said Luca Mazzoni, chief executive of Protos, which has been hired by Monte dei Paschi.
Salesforce CEO Marc Benioff discussed diversity in the workplace on Friday at The Grace Hopper Celebration of Women in Computing, held this year in Houston, Tex. When it comes to the sensitive topic of diversity in tech, Salesforce (CRM) CEO Marc Benioff has some choice words for his counterparts at other companies: Don’t be afraid. At the Grace Hopper Celebration for Women in Computing, an annual conference held this year in Houston, Texas, the 52-year-old chief executive contended one of the largest reasons the gender pay gap remains at many businesses is that their CEOs are in fact too afraid to “push the button” and discover what women employees make compared to their male colleagues.
Millennials have eclipsed baby boomers as the largest living generation, and that represents an opportunity for investors who can identify companies offering the goods and services they want. "What we see is that millennials behave differently from other generations," said Jay Jacobs, director of research at Global X, a $3.8 billion ETF issuer based in New York. Jacobs spoke recently to The Associated Press about how investors can profit from forecast growth in millennials' spending power in the years ahead.
By Sylvain Andzongo DOUALA, Cameroon (Reuters) - More than 70 people were killed and over 600 injured when a packed passenger train crashed in Cameroon on Friday, the president announced on Saturday, declaring a national day of mourning to commemorate the dead. The packed Camrail train had been traveling from the capital Yaounde to the port city of Douala. Over 70 passengers died and 600 wounded in the accident," President Paul Biya, who is traveling abroad, wrote on his official Facebook page.
KITCO NEWS - Gold steadies and is set to end the week higher, on track for its first weekly gain in four weeks and one expert sees the cards stacked in the metal's favor. Ken Hoffman of Bloomberg Intelligence released a report this month, which shows the current pressure in gold prices is namely driven by the looming rate hike - but those Fed concerns are just masking long-term positives for the metal. Gold was on track Friday to post its first positive weekly close in three weeks, many analysts suspect that the correction --which started with a 5% drop at the start of the month -- has run its course. December gold futures settled the day at $1,267.70 an ounce, up nearly 1.2% since Monday's open.
Apple is battling to gain a foothold in Indonesia after nationalistic regulations hit the US tech giant's efforts to compete in the booming emerging market against Samsung and other rivals. The iPhone 6S and 7 are yet to be released in Southeast Asia's largest economy as Apple struggles to fulfil requirements that phone makers must have 20 percent "local content" for 4G handsets sold in the country. South Korea's Samsung has been able to meet the demands and gain a share of the market in Indonesia -- a country of 255 million people, with an army of young consumers -- more than 25 times bigger than Apple.
WASHINGTON/NEW YORK (Reuters) - The tie-up of AT&T Inc (T.N) and Time Warner Inc (TWX.N), bringing together one of the country's largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV. Discovery Communications Inc (DISCA.O) gained 3.6 percent, AMC Networks Inc (AMCX.O) rose 3.9 percent and Scripps Networks Interactive Inc (SNI.O) jumped 5.6 percent. Media content companies are having an increasingly difficult time as standalone entities, creating an opportunity for telecom, satellite and cable providers to make acquisitions, analysts say.
In the latest chapter of the Obama administration’s crackdown on Medicare fraud, U.S. customs officials arrested a woman at the Dallas-Fort Worth International Airport last week who is accused of taking part in one of the biggest Medicare fraud schemes in history. The suspect, Lidia Antonio, 57, is one of a dozen people from the Dallas-Fort Worth area suspected of taking part in a nationwide scam to defraud Medicare of $900 million, according to U.S. Attorney General Loretta Lynch. Some health care providers offered kickbacks to “patient recruiters” to help assemble bogus patient information.
In order to ease online payment transactions in a country where ecommerce isn’t the norm, Uber has partnered with Mexico’s first online bank, Bankaool, to issue Uber-branded Mastercard debit cards, according to Business Insider. While doing everything it can think of to expand its market share in the U.S., Uber is fighting to build its brand and business in Latin America as well. After launching in Mexico in 2013, Uber’s ridesharing service is now available in 31 cities, but the issue with Mexican bank cards and online payments has been a challenge.
Iraq should be exempt from OPEC crude output restrictions as it needs the income to fight the war on Islamic State, Oil Minister Jabar Ali al-Luaibi said on Sunday. "We are fighting a vicious war," Luaibi said in a briefing for reporters in Baghdad, adding that Iraq, OPEC's second-largest producer, should get the same exemption as Nigeria and Libya. OPEC says it pumped 33.39 million bpd in September.
AT&T will buy Time Warner for $107.50 per share, or $85.4 billion. The move means AT&T will own networks like CNN, HBO, TNT, and several other media properties. AT&T will likely face a harsh regulatory process, but there is some precedent.
Oil settled up on Friday on hopes Russia and OPEC will reach agreement at the weekend on market support initiatives to keep crude above $50 a barrel, although traders cautioned about pressure from a double-digit rise in the U.S. oil rig count. Russian Energy Minister Alexander Novak said he would make proposals to his counterpart from OPEC leader Saudi Arabia this weekend on price-supportive measures that could include an oil production freeze. Some traders were skeptical about Russia's commitment after Novak also said the country might produce up to 11 million barrels per day next year to hit a new post-Soviet record.