Four huge airlines on three continents want to create a virtual super-airline. They plan to spend more than $1 billion to do it.
In a series of transactions announced Thursday, Delta Air Lines (DAL) and Shanghai-based China Eastern (CEA)are each buying 10% of Air France/KLM (AFLYY)Group. And Air France/KLM will buy 31% of Richard Branson’s Virgin Atlantic Airways.
St. Helier, Y9, based Investment company Contrarius Investment Management Ltd buys Gilead Sciences Inc, Teck Resources, Tegna Inc, Liberty Formula One Group, Boston Beer Co Inc, International Business Machines Corp, Barrick Gold Corp, Kinross Gold Corp, Diamond Offshore Drilling Inc, Arch Coal Inc, sells Apple Inc, Twitter Inc, Bitauto Holdings, Encana Corp, Western Digital Corp during the 3-months....More>>>
Last week, Jensen Huang led GPU major NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal 2018 third-quarter earnings crushing analyst estimates once again. NVIDIA delivered a massive beat on both top line and bottom line numbers even surpassing the high end of the analyst estimates. The Santa Clara, California based company posted an EPS of $1.33 per share on a revenue of....More>>>
General Motors has announced that it plans to stop selling Chevrolet brand cars in India at the end of 2017. The company currently runs two production facilities in the country. It will keep the Talegaon facility operational and use it to export vehicles to Mexico and South America, while selling the Halol facility to Chinese joint venture partner SAIC group. The move comes after GM’s....More>>>
Related BTC Does Bitcoin Actually Hold Any Value At All? China & The Code: Keys To Bitcoin Hitting A 2-Year High
Forks have been in the news a lot recently due to controversy in the bitcoin community.
There was the potential fork that threatened to split bitcoin into two....More>>>
Jeep celebrated its 75th anniversary in 2016. It’s one of the most Iconic American brands, and now owned by Fiat-Chrysler Automobiles, or FCA (NYSE:FCAU) for short. It’s almost as if the word “Jeep” has come to describe any terrain-worthy car that a civilian can buy.
Jeep also is one of the fastest-growing major auto brands with a significant U.S. presence. In 2016,....More>>>
Roshni Nadar, chief executive officer for HCL Corp., an IT outsourcer, will inherit a lot of money from her billionaire father Shiv Nadar. That is, if she doesn’t become a billionaire on her own before that. (Photo by Dhiraj Singh/Bloomberg)
Anyone who has been to India has seen the poverty. Mumbai is home to one of the largest slums in the world. India’s per capita income....More>>>
Resolute Forest Products (NYSE:RFP) is primarily involved in Newsprints, Specialty Papers, Wood Products and Market Pulp. As the downturn in global commodities intensified, RFP was not spared as all four of the company’s business segments got hit. Management has concentrated on lowering the cost of every segment but these actions were not enough to compensate for the deterioration of prices....More>>>
Retirement investing is not what it used to be. In the old days, one could just invest in the safe stocks to buy, in blue chips, in a nice ladder of bonds, and do just fine.
Alas, the market has significantly changed. Much of this is due to the historically low interest rates weve had.
The problem with the Federal Reserves attempt to goose the economy is that it killed bond yields,....More>>>
By Fan Yu
Beijing’s recent decision to crack down on activities of Chinese insurance companies could push insurers toward riskier asset investments and create a liquidity crunch within the industry.
Industry regulator China Insurance Regulatory Commission (CIRC) announced strict new rules late December, curbing an industry that has been flush with cash. The new rules are choking....More>>>