Delta Air Lines is adopting stricter regulations for people who travel with service animals or emotional-support animals. The airline says the new rules are in response to a rise in safety incidents involving untrained or improperly trained animals. The stricter standards are designed to prevent people from using the airline's allowance of emotional-support animals to let their pets fly for free.
Gilead Sciences’ GILD subsidiary Kite announced that it has entered into a collaboration with Pfizer, Inc. PFE to evaluate a combination of its newly approved CAR-T therapy Yescarta (axicabtagene ciloleucel) and Pfizer's utomilumab, a 4-1BB agonist, for
AU Optronics Corp.: "OK, if you're new – and you don't want to buy a Taiwanese company to start – [and] you want to buy in that area, you want to buy Cisco. [CEO] Chuck Robbins is redoing everything. Get in Cisco before the quarter." Mondelez Intl: "I think the stock is inexpensive and the group is starting to get a couple bids underneath. I think that you could do far worse than buying Mondelez." Mitsubishi Financial Group: "You know what, you actually should [add Mitsubishi to your portfolio]. I've been working on Japan and that is a great way to play Japan. I'm going to endorse that." JetBlue: "JetBlue is OK. I'm actually talking about Southwest. My charitable trust should not have sold it.
Service animals are meant to comfort their owners. In light of increased incidents on its aircrafts, Delta Air Lines announced new procedures and updated requirements for customers traveling with service and support animals. The company believes that some travelers have been trying (and succeeding in) to board flights pets under the guise of support animals.
Jim Cramer said an overload of buyers in the stock market is resulting in dramatically rising stock prices.
Mike Moritz, a top partner at Silicon Valley's most successful venture capital firm, says that the local tech culture has descended into "soul-sapping discussions" about "the inequity of life," and compared it unfavorably with the work ethic in the Chinese tech scene. Moritz, a managing partner at Sequoia Capital, wrote in the Financial Times that Silicon Valley's culture is becoming "unhinged" with discussions of things like the politics of speakers at tech companies, debates over work-life balance, and "grumbling about the need for a space for musical jam sessions." He contrasts this with China, where: "Top managers show up for work at about 8am and frequently don't leave until 10pm. Most of
Oakmark's Bill Nygren shared his market views and top stock ideas in an interview Thursday on CNBC's "Halftime Report." General Electric was "the worst performing stock in our portfolio. We were seriously off," he said. However, he added his fund is sticking with its position and expressed confidence in the industrial company's new management team. "In this case, there has been a tremendous change in people," the investor said. "We think [their businesses] deserve better than average multiples. We think with a fresh look GE deserves to be in the portfolio." John Flannery succeeded Jeff Immelt as General Electric's CEO in August. Nygren said his fund owns more shares of General Electric after
Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in pet-related safety issues in recent years. Effective March 1, Delta, the second largest U.S. airline by passenger traffic, said it will require passengers seeking to fly with pets to present additional documents outlining the passenger's need for the animal and proof of its training and vaccinations, 48 hours prior to the flight. This comes in response to what the carrier said was a 150 percent increase in service and support animals - pets, often dogs, that accompany people with disabilities - carried onboard since 2015.
Apple's announcement that it will pay $38 billion in U.S. tax on its overseas cash will not reduce the $16 billion tax bill the company owes Ireland following a European Union ruling, the EU's executive said on Thursday. "Nothing has changed," a spokesman for the European Commission said, with regards to its 2016 ruling that Apple received illegal state aid in Ireland through sweetheart tax deals with the government. At the time of the ruling, the Commission said the amount Apple would have to pay to Ireland could be reduced if other countries found the company should have recorded its sales there instead of Ireland, or if its European subsidiaries were to pay more tax to the U.S. parent company.
Nike Inc (NYSE: NKE) stock has been on a tear the past three months as investors now believe they see the light at the end of the tunnel in the slumping North American athletic apparel market. Wedbush has upgraded NKE stock and says that light may be even closer than investors realize. According to Wedbush analyst Christopher Svezia, the pricing pressures on Nike's footwear products in the North American market could start to ease in the next couple of quarters.
NEW YORK/LONDON (Reuters) - Gold prices rose slightly on Friday as the U.S. dollar hovered near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks. The U.S. dollar fell versus a basket of currencies as the U.S. Senate raced to avert a government shutdown on Friday ahead of a midnight deadline with no agreement on funding in sight. Spot gold was up 0.5 percent at $1,334.58 per ounce at 2:06 p.m. EST (1906 GMT), on track for a weekly drop of 0.3 percent, after falling from Monday's four-month highs.
As part of its defense against Broadcom, Qualcomm has argued that any deal faces a long antitrust review. Broadcom said that it had anticipated the second request as a normal part of the regulatory approval process.
Apple co-founder Steve Wozniak told an audience of Silicon Valley veterans that he's still a company employee after four decades.
Accenture Plc ACN recently unveiled its innovation hub in Tokyo’s Minato Ward. As described by Accenture, its clients “will work side-by-side” with the company’s professionals “to ideate, rapidly prototype and launch solutions” at this innovation hub,
Verizon (VZ) tops our list. Yahoo Finance’s parent company says President Trump’s tax law will increase Q4 earnings despite taking a one-time charge of $16.8B. Analysts expected this would be the case for many telecom companies since they are mostly domestic businesses.
One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings in a regulatory filing on Thursday. A large portion of the stake is held by a foundation and trusts in his family’s name, and his wife also owns some of the shares. Jain directly controls about $22 million of the stock. The disclosure offers a glimpse into the finances of one of Berkshire’s most important executives. Jain, 66, joined the Omaha, Nebraska-based conglomerate three decades ago and led a push into the reinsurance industry. Eventually
Despite the crude name, an F-you fund is essentially a beefed-up emergency fund: “At least six to eight months of expenses in an account so if you’re working at a job that you don’t like and you would rather do something else, you can tell your job ‘F-you,’” says Ash Exantus, a personal finance expert and director of financial education for Bankmobile.com.
Norway's sovereign wealth fund has trimmed the proportion of its $1 trillion fortune that is invested in companies that emit the most greenhouse gas, a Reuters survey has shown. Environmental campaigners hope the move by the world's biggest state-owned investment fund signals the start of a trend for investors shifting their money away from activities blamed for climate change. The review of the top 150 corporate greenhouse gas emitters showed that the proportion of their emissions that can be ascribed to Norway, based on the percentage of market cap it owns in the firms, fell to 0.74 percent in 2016 from 0.78 percent in 2014.
AT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video. Daniel Petrocelli, who represents AT&T and Time Warner, said that his team had been unable to get data requested from third parties, who had said they no longer had some of it.
Thanks to the new tax law there are new lower tax rates - that means there also need to be different withholding rates -- and THAT could that your paycheck is going to change. But give us 60 seconds and you'll tell you why you shouldn't get too excited yet. The withholding tables tell your employer how much to withhold from your paycheck each pay period so that you pay in enough tax throughout the year. Come February, many of you will have less money withheld and watch your paychecks go up. Or not. So watch our video to see if you are one of the lucky ones. (Fingers crossed for your sake.)
, the biggest U.S. bank, will pay CEO Jamie Dimon $29.5 million for 2017, a 5.3% raise, according to a regulatory filing. Last year's compensation included a salary of $1.5 million along with a $28 million of "performance shares" linked to profitability goals, the company said. JPMorgan said last week that net income fell 1% to $24.4 billion, as revenue climbed 4%.
Alphabet Inc.’s Google and Tencent Holdings Ltd. have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search giant and Tencent -- the world’s second largest and fifth largest company, respectively -- will team up on developing future technologies. The agreement may smooth the U.S. company’s business in China while helping Tencent’s push to expand beyond its dominant position on the mainland. The agreement is a typical industry arrangement between corporations designed to minimize patent infringements, with the U.S. company signing similar deals with
U.S. oil production is booming and is forecast to top that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday. The International Energy Agency said in its monthly market report that U.S. oil production, which has already risen to its highest level in nearly 50 years, will push past 10 million barrels a day in 2018 as higher prices entice more producers to start pumping. The price of crude has risen about 50 percent since June, with the U.S. benchmark now trading around $63 a barrel, on evidence of strong global economic growth and a pact among OPEC countries and Russia to limit their production.
Fourth-quarter earnings season is finally underway, and investors are already getting excited about the upcoming reports from market-moving tech companies like Netflix NFLX. In the coming weeks, we will see reports from the world’s biggest and most relevant companies, meaning that investors need to be prepared for the ensuing movement that is likely to occur throughout the market. According to the latest report from Sheraz Mian, the head of the Zacks Equity Research department and an acknowledged earnings expert, earnings growth is expected to be positive for 13 of the 16 Zacks sectors—and growth rates are projected to hit the double digits for our Energy, Technology, Construction, Industrial Products, Basic Materials, and Automotive groups.
Amazon.com Inc raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon's dominant online shopping platform. The move also follows a rise in fees by video streaming rival Netflix Inc in October.