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Finance

American multinational retail corporation Walmart has been in the process of acquiring Flipkart, India's second largest e-commerce portal, for a while and it seems the deal may finally be made official tomorrow . After the deal, while Sachin Bansal will exit, Krishnamurthy and Binny Bansal will remain in their current roles, the two sources revealed. It is a move that would likely bring the ongoing turf war between Amazon and Walmart into the sub-continent and is expected to cost ...
  • "Scout Me In": Local BSA council welcomes girls and families into scouting

    Finance

    The organization says it has almost 2.3 million youth members between five and 21, a decrease from the 2.8 million members in 2012. The term Cub Scouts, for kids 7-10 years old, is gender neutral and also will go unchanged. The organization, founded two years after Boy Scouts, now claims a membership of about 1.8 million. "We are, and will remain, the first choice for girls and parents who want to provide their girls opportunities to build new skills, explore STEM and the outdoors, ...
  • Analysts See $0.71 EPS for Alibaba Group Holding Limited (BABA)

    Analysts See $0.71 EPS for Alibaba Group Holding Limited (BABA)

    Finance

    The company beat the analyst EPS Estimate with the difference of $-0.02. About 381,054 shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 3, 2017 and is downtrending. Investors sentiment decreased to 0.99 in 2017 Q4. Its up 0.09, from 1.05 in 2017Q3. 29 funds opened positions while 54 raised stakes. First , we gained incremental market share and a larger share of the consumer e-commerce wallet despite the law of large numbers.
  • Cracked window forces diversion of Southwest flight

    Cracked window forces diversion of Southwest flight

    Finance

    Very large crack with piece of window missing at bottom. One woman died when an engine malfunctioned during a Southwest flight . Photos, shared online, show a huge crack across one of the windows. The US Federal Aviation Administration is investigating the incident. The statement said the aircraft maintained pressurization throughout the incident.
  • Flipkart buys back $350 mn worth shares

    Flipkart buys back $350 mn worth shares

    Finance

    This is because the board of Flipkart has reportedly approved an agreement to sell its majority stake to Walmart for the valuation of $15 billion. The contours of the deal, which is expected to see Walmart taking almost 72-73 per cent stake, are being finalised following which approval from the both the boards will be taken, sources privy to the development said.
  • Xerox CEO Jeff Jacobson quits after fight with Carl Icahn

    Xerox CEO Jeff Jacobson quits after fight with Carl Icahn

    Finance

    The company said it did not provide guidance for 2018 due to the pending director appointment, nomination and settlement agreement with Icahn and Deason, among others. Masayuki Otani, chief market analyst at Securities Japan, said Fujifilm's deal with Xerox was "not forward-looking" anyway, and its resources would be better spent focusing on the new areas.
  • Analyst at Citigroup Maintained The Forterra (LON:FORT)

    Analyst at Citigroup Maintained The Forterra (LON:FORT) "Buy" Rating They've Had

    Finance

    Bancorporation Of New York Mellon invested in 0% or 415,109 shares. Illinois-based Perritt Cap Mngmt has invested 0.38% in 3i Group Plc (LON:III). Thompson Siegel And Walmsley Lc invested 0% in IMI plc (LON:IMI). On Wednesday, February 14 the stock has "Hold" rating by Shore Capital. On Wednesday, January 17 Credit Suisse maintained the shares of FXPO in report with "Neutral" rating.
  • Former Volkswagen CEO Martin Winterkorn charged in diesel emissions scandal

    Former Volkswagen CEO Martin Winterkorn charged in diesel emissions scandal

    Finance

    The Justice Department has charged him with four felony counts, including conspiracy to defraud the United States, wire fraud and violating the Clean Air Act. The carmaker didn't immediately respond to requests for comment. "The indictment of Winterkorn alleges that he was informed of VW's diesel emissions cheating in May 2014 and again in July 2015", the Justice Department said in a statement issued today.
  • Federal Reserve Holds Steady, Signals Higher Inflation

    Federal Reserve Holds Steady, Signals Higher Inflation

    Finance

    In late March, the Fed raised interest rates by a quarter percent for the first time this year during Jerome Powell's first meeting as Chairman. E-Mini futures for the S&P 500 crept 0.3 per cent higher, with overnight results from Kraft Heinz, Tesla and Spotify in focus.
  • Xiaomi files for landmark Hong Kong IPO

    Xiaomi files for landmark Hong Kong IPO

    Finance

    Moreover, the operating profit of the company for the year 2017 stood at 12.22 billion yuan which grew from 3.79 billion yuan in 2016. But the company said that 8.6 percent of its revenue and 39.3 percent of gross profit a year ago came from Internet services such as advertising and gaming on its MIUI user interface, which had 190 million monthly active users at the end of March.
  • Trump meets with Southwest Airlines crew, passengers that braved engine failure

    Trump meets with Southwest Airlines crew, passengers that braved engine failure

    Finance

    Trump later addressed the death of Jennifer Riordan, a New Mexico bank executive who was killed after being almost sucked out the flight heading to Dallas from NY on April 17. The president went on to talk about Tammie Jo Shultz, the pilot who was able to land the plane safely despite the technical failures. One passenger, Jennifer Riordan, was killed when shrapnel from the engine explosion broke the window next to her seat.
  • Windows 10 RS4 April update launches today

    Windows 10 RS4 April update launches today

    Finance

    For the most part, these will make the life of IT admins easier. Windows Update, the Media Creation Tool, and the Update Assistant are now the best options to download, so here's more on how you can leverage these tools. Nonetheless, one way to force the update to appear on your system is to go to settings . Timeline is the much awaited top-of-the-line feature in April 2018 Update that allows users to resume their past work and apps on their PC and across different devices.