Category: Business
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Business news in brief
byBroadway bridge project wins top honor The project to replace the Broadway bridge drew the top honor at the American Council of Engineering Companies of Arkansas annual Engineering Excellence Awards Gala. The bridge spanning the Arkansas River connecting downtown Little Rock and North Little Rock was named Grand Conceptor at the annual event, held Thursday […]
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Creator of WWW says Web is under threat, is now ruled by big companies
byIn an open letter Tim Berners-Lee, the man who invented world wide web, has said that the big WWW is now under threat and has lost its character that gave people ability to innovate. In his letter, that marks the web turning 29, Berners-Lee notes that the WWW not only faces challenges that include misinformation […]
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Mettler-Toledo International Inc. (MTD) Expected to Announce Quarterly Sales of $652.08 Million
byEquities research analysts forecast that Mettler-Toledo International Inc. (NYSE:MTD) will post $652.08 million in sales for the current quarter, Zacks Investment Researchreports. Six analysts have provided estimates for Mettler-Toledo International’s earnings. The lowest sales estimate is $637.00 million and the highest is $657.70 million. Mettler-Toledo International reported sales of $594.57 million during the same quarter last […]
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Nuclear fusion on brink of being realised, say MIT scientists
byThe dream of nuclear fusion is on the brink of being realised, according to a major new US initiative that says it will put fusion power on the grid within 15 years. The project, a collaboration between scientists at MIT and a private company, will take a radically different approach to other efforts to transform […]
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Little Evidence Supports Trump’s Claims Against China on Tariffs and Trade
byThere is little evidence to validate the president’s concerns that unfair trade practices like transshipping are a widespread problem. President Trump imposed steep tariffs on steel and aluminum imports on Thursday, singling out China as a top offender in an effort to curb what he has called unfair trade practices. But there is little evidence […]
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The SEC just made it clearer that securities laws apply to most cryptocurrencies and exchanges trading them
byThe SEC statement marked an expansion of scrutiny to companies involved with trading, in contrast to previous publications that focused on the digital coins and their developers. “I think the next step here will likely be subpoenas to exchanges, if they haven’t already started,” said Ryan Schoen, senior financial services policy analyst at Washington Analysis. […]
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Business Digest: US Treasury issues warning about Qualcomm sale
byTAKEOVERS Treasury warns on Qualcomm sale Broadcom’s hostile takeover attempt of Qualcomm could pose a national security risk because of Qualcomm’s leadership in developing critical semiconductor technology, according to the U.S. Treasury Department. Qualcomm’s sale to Singapore-based Broadcom could hurt the chipmaker’s competitiveness by reducing research and development, which would threaten U.S. security, the Treasury […]
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After Employees Rebel Online, United Airlines Stops Lottery for Bonuses
byFaced with a backlash from employees, United Airlines said Monday it was “pressing the pause button” on a plan to replace its modest monthly bonuses with a lottery system that would have offered large rewards to a few workers at random. Last week, an internal United Airlines memo, first obtained by The Chicago Business Journal, […]
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Wall Street Banks See Chance to Weaken Dodd Frank
byThe first significant bipartisan attempt to alter rules established after the 2008 financial crisis is turning into a battle on Capitol Hill, as some of the biggest Wall Street banks seek to weaken a crucial requirement aimed at ensuring that they can withstand financial losses. The Senate plans to vote this week on a bill […]
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Holdings Lifted by Bank of Hawaii for PNC Financial Services Group Inc
byThe stock increased 1.07% or $0.91 during the last trading session, reaching $86.28. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since March 3, 2017 and is uptrending. It has underperformed by 8.43% the S&P500. Rnc Capital Management Llc decreased its stake […]
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