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Latest Articles: Business/Finance
Supreme Court throws out Apple’s $399M win in Samsung patent fight
Post Date: 2016-12-08 16:01:50 by HAPPY2BME-4UM
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mercurynews.comUPDATED: December 7, 2016 at 3:21 amCUPERTINO — In a unanimous decision Tuesday, the U.S. Supreme Court threw out a lower court’s $399 million judgment against Samsung for violating patents involving Apple’s iPhone.The decision overturns a victory that Apple had won in the Washington, D.C.-based U.S. Federal Circuit Court of Appeals. The case will now go back to that court for any further proceedings, including determining what, if any, lower penalties Samsung may have to pay Apple.Tech giants such as Google, Facebook and Hewlett Packard Enterprise had urged the Supreme Court to take up Samsung’s appeal of its patent loss to Apple, warning that the outcome ...
Carrying Cash? Be Ready to Lose It
Post Date: 2016-12-07 08:11:29 by Ada
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Don’t trust banks to protect the money you’ve deposited? You’re hardly alone. From a legal standpoint, the money you deposit in a bank no longer belongs to you. Instead, the bank owns it. You are merely just another one of their unsecured creditors. What’s more, in the event of future bank failures, the US government has now signed an international agreement confirming that it will not pay off depositors. Instead, it will force them to submit to a “bail-in” regime, like bank depositors in Cyprus experienced in 2013. The bail-in scenario, on top of the lowest interest rates in 5,000 years, has led many bank depositors to make the entirely rational decision to ...
Trump Lands Huge Deal with Japanese Company, $50 Billion Investment and 50,000 More Jobs for Americans
Post Date: 2016-12-06 22:23:43 by HAPPY2BME-4UM
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Trump Lands Huge Deal with Japanese Company, $50 Billion Investment and 50,000 More Jobs for AmericansPresident-elect Donald Trump announced on Monday that Japan's SoftBank has agreed to invest $50 billion in the United States and create 50,000 more jobs for Americans. He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor. Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs.... — Donald J. Trump (@realDonaldTrump) December 6, 2016http://townhall.com/tipsheet/justinholcomb/2016/12/06/trump-lands-50000 ...
A Populist-Conservative Melting Pot
Post Date: 2016-12-05 05:48:24 by Ada
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Trump’s staff picks reveal an interesting mix of priorities. Trump was not exactly a model of clarity during the campaign. He was certainly consistent on his core issues—primarily immigration and trade—but he kept everyone guessing as to what his other priorities would be. At last, though, his cabinet and staff selections are giving us some major hints as to what he’ll try to accomplish. My TAC colleague Daniel Larison has closely monitored Trump’s foreign-policy picks, wondering if Trump’s “bomb the sh** out of ’em” hawkishness or his “stay out of Syria and other countries that hate us” non-interventionism will win out in the end. ...
DAL Construction Completion Permit Denied
Post Date: 2016-12-05 05:43:11 by Stephen Lendman
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DAPL Construction Completion Permit Denied by Stephen Lendman After months of peaceful protests, withstanding militarized police state viciousness, Standing Rock Sioux Tribe members and supporters won a glorious, though perhaps temporary, victory. On Sunday, the US Army Corp of Engineers announced it “will not grant easement for Dakota Access Pipeline crossing…under Lake Oahe in North Dakota…” Army Assistant Secretary for Civil Works Jo-Ellen Darcy based her decision “on a need to explore alternate routes for the (DAPL) crossing,” adding: “Although we have had continuing discussion and exchanges of new information with the Standing Rock Sioux and ...
US hindering Iran ties with international banks: Iran central bank governor
Post Date: 2016-12-04 03:19:50 by Tatarewicz
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PressTV...The governor of the Central Bank of Iran says the US Senate vote to extend the Iran Sanctions Act shows that Washington is not trustworthy. On Saturday, Valiollah Seif stressed that the recent vote on the extension of sanctions against Iran was contrary to the spirit of cooperation based on last year’s historic nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), between Iran and the P5+1 group of countries. The US Senate on Thursday unanimously voted to extend the Iran Sanctions Act for one decade after it was easily cleared in the House of Representatives last month. “This behavior shows that the US cannot be trusted as it keeps backing off its ...
Guess Who Made the OPEC Deal Happen? Hint: He Works In the Kremlin
Post Date: 2016-12-02 08:06:30 by Tatarewicz
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RI... Going into the Algiers OPEC meeting in late September, the prevailing sentiment among the analyst community was that there is no way any deal will get done: after all there was no secret that the recent animosity between Iran and Saudi Arabia had recent reached unprecedented levels, with both side directly involved across from each other in the Syrian proxy war. However, the deal did happened, surprising virtually everyone, and based on a new Reuters report, it was thanks to one man. Russian President Vladimir Putin was the mediator who played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia ...
Is Steve Mnuchin Just Another Wall Street Banker?
Post Date: 2016-12-01 20:48:22 by Ada
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After weeks of speculation, Donald Trump has announced Steve Mnuchin as his nominee for Treasury Secretary. Though Mnuchin can currently be seen in movie theaters playing a banker in Warren Beatty’s new film Rules Don't Apply, he has a lower profile than most tapped to head the Treasury department. Probably to his credit, he has no experience with public policy and has made relatively few public statements on policy. Perhaps his best qualification for the position was that he was an early supporter of Trump’s campaign, serving as its fundraising director. Though Mnuchin himself has said little, his resume does seem to contrast sharply with Trump’s populist campaign. ...
China to invest 700 billion RMB in wind energy projects
Post Date: 2016-12-01 00:19:39 by Tatarewicz
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People's Daily Online... By 2020, China will see new wind power projects providing 80 million kilowatts of energy to the country. The total investment of those projects will exceed 700 billion RMB, according to a recent blueprint from the national energy authority. According to the 13th Five-Year Plan on wind energy development, issued by the National Energy Administration, the new wind power projects will be concentrated in central, eastern and southern China. The development plan will also work to guarantee that a minimum amount of wind power-generated electricity be purchased from local authorities in order to protect wind power projects. Wind energy has become the nation's ...
Trump Picks Wall Street Banker to Run Treasury
Post Date: 2016-11-30 08:32:51 by Stephen Lendman
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Trump Picks Wall Street Banker to Run Treasury by Stephen Lendman Once a Wall Street banker, always one. Rare exceptions prove the rule. Goldman Sachs alum Steven Mnunchin is Trump’s choice for Treasury. After 17 years at GS, he became OneWest Bank Group chairman and CEO, an enterprise connected to George Soros. He founded motion picture production and financing company RatPac-Dune Entertainment after serving as Trump’s presidential campaign finance chair. He’s chairman and CEO of hedge fund Dune Capital Management. Like GW Bush, his father, grandfather and John Kerry, he belonged to Yale University’s secretive Skull and Bones. Other noted alumni include Supreme ...
Investment Newsletters - Stock Pick booboos
Post Date: 2016-11-29 08:52:32 by Tatarewicz
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StockGumshoe - 2016 Turkey of the Year Who wins the coveted Turkey of the Year award for the worst teaser pick of the past twelve months? What is this? Well, if you haven’t been around these parts for long it’s the continuation of a tradition that started in November of 2008, when Stock Gumshoe was about a year and a half old. Here’s how I described it back then: “This honor is not bestowed lightly — to be named Turkey of the Year in Gumshoedom, you must have been a truly awful stock idea, chosen within the last twelve months, and, preferably, you should stand for all that is entertaining (and misleading) in stock newsletter teaser ads.” Seeking out these ...
Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard
Post Date: 2016-11-28 21:26:31 by Ada
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As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appointments. On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. There have been reports that Allison is being considered for Treasury secretary. Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed. ...
Ford to Be First Automaker to Import Cars Made in India to US
Post Date: 2016-11-26 03:51:54 by Tatarewicz
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Sputnik... American automobile manufacturer Ford Motors has announced that it will begin manufacturing its EcoSport compact crossover in India in 2018, to export to US markets. Ford will be the first US automaker to import cars from India into the US market. As president-elect Donald Trump earlier said he would impose a 35-percent tax on cars built in Mexico, Ford has pivoted to India, where the automaker has two plants, in Chennai and Sanand. The manufacturer will boost capacity at its Chennai plant, used earlier as a production base for Asian markets. Now Ford is reconsidering its business strategy and will build small crossovers for the US market offshore. "We build EcoSport in ...
Iran Offering Russian Companies Service Contracts on Oil Production
Post Date: 2016-11-23 06:43:28 by Tatarewicz
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Iran offers service contracts on oil production in the country to Russian oil and gas companies, Russian Deputy Minister of Energy Kirill Molodtsov said Wednesday. MOSCOW (Sputnik) – Oil market turbulence caused oil prices to plunge from $115 per barrel in June 2014 to less than $30 per barrel in January 2016. Crude prices are currently fluctuating between $40 and $50 per barrel. "The Iranian side says at ministerial-level consultations that, for example, direct parameters on production-sharing agreement are a scheme which is very hard to implement. They say this scheme is impossible for them. They are offering service contracts," Molodtsov told reporters. Read more: ...
Federal Reserve Issues Emergency Appeal for Supplies of Thin Air
Post Date: 2016-11-20 02:50:21 by Tatarewicz
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Goon Squad... New York--The Federal Reserve today held a press conference to issue an appeal for suppliers of thin air. "We at the Fed are alarmed that we are running short on the very valuable commodity used to issue our notes, thin air," said Fed Chair Janet Yellen. She continued, "We first noticed that our supplies of thin air were running dangerously low prior to the General election, but chose to not bring up this emergency so as not to influence the voters, but we are now approaching emergency status, with our supplies of thin air getting precariously low to successfully operate." "Without that precious commodity, the Fed might have to stop letting the US ...
German Businesses May Finance Moscow-Kazan High Speed Railway
Post Date: 2016-11-18 06:56:18 by Tatarewicz
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RI... German consortium has put forward a proposal to Russian Railways that it will finance the Moscow-Kazan high speed railway for the sum of 2.7 bln euros and attract up to 800 mln euros, First Vice-President of Russian railways Alexander Misharin told reporters. "It concerns 2.7 bln euros, plus 800 mln euros," he said. A representative of the High-Speed Rail Lines company (a subsidiary of Russian Railways that acts as a client for the design of the Moscow-Kazan high-speed rail section), the consortium held consultations with the German government, the Euler Hermes export insurance agency and German banks. As a result, the consortium sees an opportunity to organize the ...
TRUMP EFFECT: Ford Calls Donald Trump – Says Plant Will Not Move to Mexico, Will Remain in Kentucky
Post Date: 2016-11-17 23:26:22 by HAPPY2BME-4UM
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Jim Hoft Nov 17th, 2016 8:35 pmTRUMP EFFECT: Ford Calls Donald Trump – Says Plant Will Not Move to Mexico, Will Remain in KentuckyBill Ford, the Chairman of Ford Moters, called Donald Trump tonight and said he will be keeing the Lincoln plant in Kentucky- Not Mexico.http://www.thegatewaypundit.com/2016/11/trump-effect-ford-calls-donald-trump-says-plant-will-not-move-mexico-will-remain-kentucky/Poster Comment:Donald Trump has not even been sworn in yet, and he is already keeping the neocons from outsourcing any more of our national wealth.
TRUMP EFFECT: Apple May Make iPhones in US …Like Trump Said They Would
Post Date: 2016-11-17 20:11:30 by HAPPY2BME-4UM
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Jim Hoft Nov 17th, 2016 1:40 pmTRUMP EFFECT—In February Donald Trump told a crowd in Wilmington, Tennessee that he will bring iPhone production back to the United States. Donald Trump: We’re going to have Apple start to make their iPhones and computers and everything else they make in this country not in China.Now this… iPhones might one day soon carry “Made in America” labels.Key Apple assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, has been studying the possibility of moving iPhone production to the U.S., sources told the Nikkei Asian Review.“Apple asked both Foxconn and Pegatron, the two ...
Stemming the Rot in American Manufacturing May Defeat Even Trump
Post Date: 2016-11-17 09:54:43 by Ada
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Few aspirants to the American presidency have ever deployed a more effective slogan than Donald Trump’s “Make America Great Again.” Although Hillary Clinton professed to believe that America has never stopped being great, in the end countless voters sided with Trump – and in many cases did so passionately, oblivious to all the Trumpian scandals and gaffes that marred his campaign. I happen to be one of the few commentators who were early to spot his electoral potential. At Forbes.com, I began a series entitled “Why Trump Is Winning” in December, and explicitly called the general election for him as far back as February. I need no persuasion therefore that the ...
The Retirement Nightmare: Baby Boomer Disaster
Post Date: 2016-11-15 20:23:05 by HAPPY2BME-4UM
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Poster Comment:exponential (of an increase) becoming more and more rapid
Trump’s reply to Saudi prince proves “America made the right choice”
Post Date: 2016-11-13 11:29:26 by HAPPY2BME-4UM
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Published on Nov 10, 2016 Ezra Levant of TheRebel.media looks at Donald Trump's tweets in reply to a Saudi prince who tried to pick a fight with him..
Investor: After Trump Win, Stocks See Largest Rebound Since 2008
Post Date: 2016-11-10 14:55:17 by HAPPY2BME-4UM
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The Dow began to rebound after Hillary Clinton conceded on Wednesday, increasing by 257 points. By Thursday, the Dow surged to an all-time high, increasing by 250 points. Click for Full Text!
President Obama Probes Personal Risks From President TrumpÂ…
Post Date: 2016-11-10 13:57:27 by HAPPY2BME-4UM
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There should be no doubt the anti-Trump administration protests last night were directly coordinated by DNC operatives and the various affiliated interests within the left-wing national organizations OWS, RevCom, BLM, etc. The hundreds of various community organizing groups who have met with, and been led by, the Obama activism coalition in the past eight years were activated for a specific reason. Everyone who has followed controversial political events over the past several years knows full well, none of this activity happens without direct White House approval. If President Obama wanted the streets cleared, his own speech could make that happen. He did not do so, yet. That ...
China braced to see if Trump campaign rhetoric translates into action
Post Date: 2016-11-10 08:49:13 by Tatarewicz
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RT... Beijing is apparently waiting to see if Donald Trump’s headline-grabbing anti-Chinese campaign rhetoric actually translates into policies once he occupies the White House. Official Chinese media warned the US president-elect against isolationism and interventionism. During his campaign, President-elect Donald Trump often targeted the policies of the Chinese government, blaming them for the loss of jobs in America. He pledged to designate China a national currency manipulator on his first day in office, and said he would impose a 45 percent tariff on all imports from China. Read more A truck drives past rolls of steel inside the China Steel Corporation factory, in Kaohsiung, ...
Chinese aviation industry takes off with homegrown technology
Post Date: 2016-11-07 06:17:01 by Tatarewicz
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ZHUHAI, Nov. 7 (Xinhua) -- An international airshow that concluded Sunday has displayed China's new found prowess in aviation technology, with both state-owned and private firms contributing to progress. The 11th China International Aviation and Aerospace Exhibition, which was held in Zhuhai, south China's Guangdong Province, featured a number of debuts for Chinese aviation technology, including the J-20 advanced stealth fighter. "By focusing on innovation and technological breakthroughs, China has become one of the few countries to systematically develop advanced aeronautic weaponry across a wide spectrum," said Tan Ruisong, general manager of Aviation Industry ...
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