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25 июля, 17:31

Can Melco Resorts (MLCO) Pull Off a Surprise in Q2 Earnings?

Better performance at the non-gaming segments is likely to drive Melco Resorts & Entertainment Limited's (MLCO) Q2 results. Concerns linked to the sustainability of revenues from the VIP market linger.

25 июля, 15:57

Will MGM Resorts (MGM) Disappoint This Earnings Season?

Given tough year-over-year comparisons, MGM Resorts International (MGM) projects its Las Vegas Strip revenues to be flat in the second-quarter, with a slight decline in casino revenues.

25 июля, 04:10

Remarks by President Trump at 2017 National Scout Jamboree

Summit Bechtel National Scout Reserve Glen Jean, West Virginia 6:32 P.M. EDT AUDIENCE:  USA!  USA!  USA! THE PRESIDENT:  Thank you, everybody.  Thank you very much.  (Applause.) I am thrilled to be here.  Thrilled.  (Applause.) And if you think that was an easy trip, you’re wrong, but I am thrilled -- 19th Boy Scout Jamboree -- wow -- and to address such a tremendous group.  Boy, you have a lot of people here.  The press will say it’s about 200 people.  (Laughter.)  It looks like about 45,000 people.  You set a record today.  (Applause.)  You set a record.  That’s a great honor, believe me.   Tonight, we put aside all of the policy fights in Washington, D.C. -- you’ve been hearing about with the fake news and all of that.  (Applause.)  We’re going to put that aside.  And instead we’re going to talk about success, about how all of you amazing young Scouts can achieve your dreams.  What to think of -- what I’ve been thinking about -- you want to achieve your dreams.  I said, who the hell wants to speak about politics when I’m in front of the Boy Scouts?  Right?  (Applause.)   There are many great honors that come with the job of being President of the United States, but looking out at this incredible gathering of mostly young patriots -- mostly young -- I’m especially proud to speak to you as the honorary President of the Boy Scouts of America.  (Applause.)   AUDIENCE:  USA!  USA!  USA! THE PRESIDENT:  You are the young people of character and integrity who will serve as leaders in our communities, and uphold the sacred values of our nation. I want to thank Boy Scouts President Randall Stephenson, Chief Scout Executive Michael Surbaugh, Jamboree Chairman Ralph de la Vega, and the thousands of volunteers who have made this a life-changing experience for all of you, and when they asked me to be here I said absolutely, yes.  (Applause.)   Finally, and we can’t forget these people, I especially want to salute the moms and the dads and troop leaders who are here tonight.  (Applause.)  Thank you for making scouting possible.  Thank you, mom and dad -- troop leaders.   When you volunteer for the Boy Scouts, you are not only shaping young lives, you are shaping the future of America.  (Applause.)  The United States has no better citizens than its Boy Scouts.  (Applause.)  No better.  The values, traditions, and skills you learn here will serve you throughout your lives, and just as importantly they will serve your families, your cities, and in the future and in the present, will serve your country.  (Applause.)  The Scouts believe in putting America first.  (Applause.)   You know, I go to Washington and I see all these politicians, and I see the swamp.  And it’s not a good place.  In fact today I said we ought to change it from the word swamp to the word cesspool or, perhaps, to the word sewer.  But it’s not good.  Not good.  (Applause.)  And I see what’s going on, and believe me I’d much rather be with you.  That I can tell you.  (Applause.) I’ll tell you the reason that I love this and the reason that I really wanted to be here is because as President, I rely on former Boy Scouts every single day, and so do the American people.  It’s amazing how many Boy Scouts we have at the highest level of our great government.  Many of my top advisors in the White House were Scouts.  Ten members of my cabinet were Scouts.  Can you believe that?  Ten.  (Applause.)   Secretary of State Rex Tillerson is not only a Boy Scout, he’s your former national president.  (Applause.)   The Vice President of the United States, Mike Pence -- good guy -- was a Scout, and it meant so much to him.  (Applause.)  Some of you here tonight might even have camped out in this yard when Mike was the governor of Indiana, but the scouting was very, very important.  And by the way, where are our Indiana Scouts tonight?  (Applause.)  I wonder if the television cameras will follow you.  They don’t like doing that when they see these massive crowds.  They don’t like doing that.  Hi, folks.  (Applause.) A lot of love in this big, beautiful place.  A lot of love, and a lot of love for our country.  There’s a lot of love for our country.   Secretary of the Interior Ryan Zinke is here tonight.  Come here, Ryan.  (Applause.)  Ryan is an Eagle Scout from Big Sky Country in Montana.  (Applause.)  Pretty good.  And by the way, he is doing a fantastic job.  He makes sure that we leave our national parks and federal lands better than we found them, in the best Scouting tradition.  So thank you very much, Ryan.  (Applause.)  Secretary of Energy Rick Perry, of Texas, an Eagle Scout from the Great State.  (Applause.)  The first time he came to the national jamboree was in 1964.  He was very young then.  And Rick told me just a little while ago, it totally changed his life.  So, Rick, thank you very much for being here.  And we're doing a lot with energy.  (Applause.)  And very soon, Rick, we will be an energy exporter.  Isn’t that nice -- an energy exporter?  (Applause.)  In other words we’ll be selling our energy instead of buying it from everybody all over the globe.  So that's good.  (Applause.)  We will be energy dominant.  And I’ll tell you what, the folks in West Virginia who were so nice to me, boy, have we kept our promise.  We are going on and on.  So we love West Virginia.  We want to thank you.   Where’s West Virginia by the way?  (Applause.)  Thank you.   Secretary Tom Price is also here.  Today Dr. Price still lives the Scout Oath, helping to keep millions of Americans strong and healthy as our Secretary of Health and Human Services.  And he’s doing a great job.  And hopefully, he’s going to get the votes tomorrow to start our path toward killing this horrible thing known as Obamacare that's really hurting us, folks.  (Applause.)   AUDIENCE:  USA!  USA!  USA! THE PRESIDENT:  By the way, you going to get the votes? He better get them.  He better get them.  Oh, he better -- otherwise, I’ll say, Tom, you're fired.  I’ll get somebody.  (Applause.)  He better get Senator Capito to vote for it.  You got to get the other senators to vote for it.  It’s time.  After seven years of saying repeal and replace Obamacare, we have a chance to now do it.  They better do it.  Hopefully they’ll do it.  As we can see just by looking at our government, in America, Scouts lead the way.  And another thing I’ve noticed -- and I’ve noticed it all my life -- there is a tremendous spirit with being a Scout, more so than almost anything I can think of.  So whatever is going on, keep doing it.  It’s incredible to watch.  Believe me.  (Applause.)   Each of these leaders will tell you that their road to American success -- and you have to understand, their American success, and they are a great, great story was paved with the patriotic American values as traditions they learned in the Boy Scouts.  And some day, many years from now, when you look back on all of the adventures in your lives, you will be able to say the same:  I got my start as a Scout just like these incredibly great people that are doing such a good job for our country.  So that's going to happen.  (Applause.)  Boy Scout values are American values, and great Boy Scouts become great, great Americans.  As the Scout Law says: “A Scout is trustworthy, loyal” -- we could use some more loyalty, I will tell you that.   AUDIENCE:  “helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent.”  (Applause.) THE PRESIDENT:  That was very impressive.  (Laughter.)  You've heard that before.   But here you learn the rewards of hard work and perseverance.  Never ever give up, never quit.  Persevere.  Never, ever quit. You learn the satisfaction of building a roaring campfire, reaching a mountain summit, or earning a merit badge after mastering a certain skill.  There’s no better feeling than an achievement that you’ve earned with your own sweat, tears, resolve, hard work.  There’s nothing like it.  Do you agree with that?   AUDIENCE:  Yes! THE PRESIDENT:  I’m waving to people back there so small I can't even see them.  Man, this is a lot of people.  Turn those cameras back there, please.  That is so incredible. By the way, what do you think the chances are that this incredible, massive crowd, record-setting is going to be shown on television tonight?  One percent or zero?  (Applause.) The fake media will say:  President Trump -- and you know what this is -- President Trump spoke before a small crowd of Boy Scouts today. That's some -- that is some crowd.  (Applause.)   Fake media.  Fake news.  Thank you.  And I’m honored by that, by the way, all of you people they can't even see you.  So thank you.  I hope you can hear.  Through scouting you also learn to believe in yourselves -- so important -- to have confidence in your ability, and to take responsibility for your own life.  When you face down new challenges, and you will have plenty of them, develop talents you never thought possible, and lead your teammates through daring trials, you discover that you can handle anything.  And you learn it by being a scout.  It’s great.  (Applause.)  You can do anything.  You can be anything you want to be.  But in order to succeed, you must find out what you love to do.  You have to find your passion.  No matter what they tell you -- if you don't -- I love you, too.  I don't know.  It’s a nice guy.  (Applause.)  Hey, what am I going to do?  He sounds like a nice person.  He, he, he, he.  Thank you.  I do.  I do love you.   AUDIENCE:  We love Trump!  We love Trump!  We love Trump! THE PRESIDENT:  By the way, just a question, did President Obama ever come to a jamboree?   AUDIENCE:  No!   THE PRESIDENT:  And we’ll be back.  We’ll be back.  The answer is no, but we’ll be back. In life, in order to be successful, and you people are well on the road to success, you have to find out what makes you excited.  What makes you want to get up each morning and go to work?  You have to find it. If you love what you do and dedicate yourself to your work, then you will gain momentum, and look -- you have to, you need to.  The word momentum -- you will gain that momentum, and each success will create another success.  The word momentum.   I’ll tell you a story that’s very interesting for me when I was young.  There was a man named William Levitt -- Levittowns, you have some here, you have some in different states.  Anybody ever hear of Levittown?  (Applause.)  And he was a very successful man.  He was a homebuilder -- became an unbelievable success, and got more and more successful.  And he built homes, and at night he’d go to these major sites with teams of people and he’d scour the sites for nails and sawdust and small pieces of wood.  And they’d clean the site so when the workers came in the next morning, the sites would be spotless and clean, and he did it properly.  And he did this for 20 years, and then he was offered a lot of money for his company.   And he sold his company for a tremendous amount of money.  At the time especially -- this was a long time ago -- sold his company for a tremendous amount of money.  And he went out and bought a big yacht, and he had a very interesting life.  I won’t go any more than that because you’re Boy Scouts, so I’m not going to tell you what he did. AUDIENCE:  Booo --  THE PRESIDENT:  Should I tell you?  Should I tell you?   AUDIENCE:  Yes! THE PRESIDENT:  Oh, you’re Boy Scouts, but you know life.  You know life.  So -- look at you.  Who would think this is the Boy Scouts, right?   So he had a very, very interesting life, and the company that bought his company was a big conglomerate.  And they didn’t know anything about building homes, and they didn’t know anything about picking up the nails and the sawdust and selling it -- and the scraps of wood.  This was a big conglomerate based in New York City, and after about a ten year period they were losing a lot with it.  It didn’t mean anything to them, and they couldn’t sell it.   So they called William Levitt up and they said, would you like to buy back your company, and he said yes, I would.  He so badly wanted it, he got bored with this life of yachts and sailing and all of the things he did in the south of France and other places.  You won’t get bored, right?  You know, truthfully, you’re workers.  You’ll get bored too.  Believe me.  (Applause.)  Of course, having a good few years like that isn’t so bad.  (Applause.)  But what happened is he bought back his company, and he bought back a lot of empty land.  And he worked hard in getting it zoning, and he worked hard on starting to develop.   And in the end he failed, and he failed badly.  Lost all of his money.  He went personally bankrupt, and he was now much older.  And I saw him at a cocktail party, and it was very sad because the hottest people in New York were at this party.  It was the party of Steve Ross who was one of the great people -- he came up and discovered -- really founded -- Time Warner, and he was a great guy.  He had a lot of successful people at the party.    And I was doing well so I got invited to the party.  I was very young, and I go in -- but I’m in the real estate business -- and I see 100 people, some of whom I recognize and they’re big in the entertainment business.  And I see, sitting in the corner, was a little old man who was all by himself.  Nobody was talking to him.  I immediately recognized that that man was the once great William Levitt of Levittown, and I immediately went over -- I wanted to talk to him more than the Hollywood show business communications people.   So I went over and talked to him, and I said, Mr. Levitt, I’m Donald Trump.  He said I know.  I said, Mr. Levitt, how are you doing?  He goes, not well, not well at all.  And I knew that, but he said not well at all.  And he explained what was happening and how bad it has been and how hard it has been.  And I said what exactly happened?  Why did this happen to you?  You’re one of the greats ever in our industry.  Why did this happen to you?  And he said, Donald, I lost my momentum.  I lost my momentum.  A word you never hear when you’re talking about success.  When some of these guys that never made ten cents, they’re on television giving you things about how you’re going to be successful, and the only thing they ever did was a book and a tape.  But I’ll tell you, it was very sad, and I never forgot that moment.  And I thought about it, and it’s exactly true.  He lost his momentum.  Meaning, he took this period of time off long -- years -- and then when he got back, he didn’t have that same momentum.  In life, I always tell this to people, you have to know whether or not you continue to have the momentum, and if you don’t have it that’s okay.  Because you’re going to go on and you’re going to learn and you’re going to do things that are great.  But you have to know about the word momentum.   But the big thing:  Never quit.  Never give up.  Do something you love.  When you do something you love -- as a Scout I see that you love it.  But when you do something that you love you’ll never fail.  What you’re going to do is give it a shot again and again and again.  You’re ultimately going to be successful, and remember this, you’re not working.  Because when you’re doing something that you love like I do -- of course I love my business, but this is a little bit different.  Who thought this was going to happen?  We’re having a good time.  We’re doing a good job.  (Applause.)  Doing a good job.  But when you do something that you love, remember this, it’s not work.   So you’ll work 24/7, you’re going to work all the time, and at the end of a year you’re not really working.  You don’t think of it as work.  When you’re not doing something that you like or when you’re forced in to do something that you really don’t like, that’s called work.  And it’s hard work and tedious work.   So as much as you can, do something that you love.  Work hard, and never ever give up, and you’re going to be tremendously successful.  Tremendously successful.  (Applause.)   Now with that, I have to tell you our economy is doing great.  Our stock market has picked up -- since the election November 8th.  Do we remember that date?  (Applause.)  Was that a beautiful date?  (Applause.)  What a date.  Do you remember that famous night on television, November 8th, where they said -- these dishonest people -- where they said there is no path to victory for Donald Trump?  They forgot about the forgotten people.  By the way, they're not forgetting about the forgotten people anymore.  They're going crazy trying to figure it out.  But I told them, far too late.  It’s far too late. But do you remember that incredible night with the maps and the Republicans are red and the Democrats are blue, and that map was so red, it was unbelievable, and they didn't know what to say?  (Applause.)  And you know we have a tremendous disadvantage in the Electoral College -- popular vote is much easier.  Because New York, California, Illinois -- you have to practically run the East Coast.  And we did.  We won Florida.  We won South Carolina.  We won North Carolina.  We won Pennsylvania.  (Applause.)   We won and won.  So when they said, there is no way to victory, there is no way to 270.  I went to Maine four times because it’s one vote, and we won.  But we won -- one vote.  I went there because I kept hearing we're at 269.  But then Wisconsin came in.  Many, many years -- Michigan came in.   And we worked hard there.  My opponent didn't work hard there because she was told -- AUDIENCE:  Booo! THE PRESIDENT:  She was told she was going to win Michigan, and I said, well, wait a minute, the car industry is moving to Mexico.  Why is she going to move -- she’s there.  Why are they allowing it to move? And by the way, do you see those car industry -- do you see what’s happening, how they're coming back to Michigan?  They're coming back to Ohio.  They're starting to peel back in.  (Applause.)  And we go to Wisconsin -- now, Wisconsin hadn’t been won in many, many years by a Republican.  But we go to Wisconsin, and we had tremendous crowds.  And I’d leave these massive crowds.  I’d say, why are we going to lose this state? The polls -- that's also fake news.  They're fake polls.  But the polls are saying -- but we won Wisconsin.  (Applause.)  So I have to tell you what we did, in all fairness, is an unbelievable tribute to you and all of the other millions and millions of people that came out and voted for Make America Great Again.  (Applause.)  AUDIENCE:  USA!  USA!  USA! THE PRESIDENT:  And I’ll tell you what, we are, indeed, making America great again.  What’s going on is incredible.  (Applause.)  We had the best jobs report in 16 years.  The stock market on a daily basis is hitting an all-time high.  We're going to be bringing back very soon trillions of dollars from companies that can't get their money back into this country, and that money is going to be used to help rebuild America.  We're doing things that nobody ever thought was possible. And we've just started.  It’s just the beginning.  Believe me.  (Applause.)  In the Boy Scouts you learn right from wrong, correct?   AUDIENCE:  Yes! THE PRESIDENT:  You learn to contribute to your communities, to take pride in your nation, and to seek out opportunities to serve.  You pledge to help other people at all times.  (Applause.)  In the Scout Oath, you pledge on your honor to do your best and to do your duty to God and your country.  (Applause.)  And by the way, under the Trump administration, you’ll be saying, merry Christmas again when you go shopping.  Believe me.  Merry Christmas.  (Applause.)  They've been downplaying that little, beautiful phrase.  You're going to be saying, merry Christmas again, folks.  (Applause.)  But the words duty, country, and God are beautiful words.  In other words, basically what you're doing is you're pledging to be a great American patriot.  (Applause.)  For more than a century that is exactly what our Boy Scouts have been.  Last year you gave more than 15 million hours of service to helping people in your communities.  (Applause.)  Incredible.  That's an incredible stat.   All of you here tonight will contribute more than 100,000 hours of service by the end of this jamboree -- 100,000.  (Applause.)  When natural disaster strikes, when people face hardship, when the beauty and glory of our outdoor spaces must be restored and taken care of, America turns to the Boy Scouts because we know that the Boy Scouts never, ever, ever let us down.  (Applause.)  Just like you know you can count on me, we know we can count on you because we know the values that you live by.  (Applause.)  Your values are the same values that have always kept America strong, proud, and free.  And by the way, do you see the billions and billions and billions of additional money that we're putting back into our military?  Billions of dollars.  (Applause.)  New planes, new ships, great equipment for our people that are so great to us.  We love our vets.  We love our soldiers.  And we love our police, by the way.  Firemen, police -- we love our police.  (Applause.)   Those are all special people.  Uniformed services.  Two days ago, I traveled to Norfolk, Virginia to commission an American aircraft carrier into the fleet of the United States Navy.  (Applause.)  It’s the newest, largest, and most advanced aircraft carrier anywhere in the world, and it’s named for an Eagle Scout, the USS Gerald R. Ford.  (Applause.)  Everywhere it sails, that great Scout’s name will be feared and revered, because that ship will be a symbol of American power, prestige, and strength.  (Applause.)  Our nation honors President Gerald R. Ford today because he lived his life the scouting way.  Boy Scouts celebrate American patriots, especially the brave members of our armed forces.  Thank you very much.  Thank you.  Thank you.  (Applause.)  American hearts are warmed every year when we read about Boy Scouts placing thousands and thousands of flags next to veterans’ gravesites all across the country.  By honoring our heroes, you help to ensure that their memory never, ever dies.  You should take great pride in the example you set for every citizen of our country to follow.  (Applause.)  Generations of American Boy Scouts have sworn the same oath and lived according to same law.  You inherit a noble American tradition, and as you embark on your lives, never cease to be proud of who you are and the principles you hold dear and stand by.  Wear your values as your badge of honor.  What you've done, few have done before you.  What you've done is incredible.  What you've done is admired by all.  So I want to congratulate you, Boy Scouts.  (Applause.)  Let your scouting oath guide your path from this day forward.  Remember your duty.  Honor your history.  Take care of the people God put into your life, and love and cherish your great country.  (Applause.)  You are very special people.  You're special in the lives of America.  You're special to me.  But if you do what we say, I promise you that you will live scouting’s adventure every single day of your life, and you will win, win, win and help people in doing so.  (Applause.)  Your lives will have meaning and purpose and joy.  You will become leaders, and you will inspire others to achieve the dreams they once thought were totally impossible, things that you said could never, ever happen are already happening for you.  And if you do these things -- and if you refuse to give in to doubt or to fear -- then you will help to make America great again.  You will be proud of yourself, be proud of the uniform you wear, and be proud of the country you love.  (Applause.)  AUDIENCE:  USA!  USA!  USA! THE PRESIDENT:  And never, ever forget, America is proud of you.  (Applause.)  This is a very, very special occasion for me.  I’ve known so many Scouts over the years.  Winners.  I’ve known so many great people.  They've been taught so well, and they love their heritage.  But this is very special for me.  And I just want to end by saying very importantly:  God bless you.  God bless the Boy Scouts.  God bless the United States of America.   Go out.  Have a great time in life.  Compete and go out and show me that there is nobody -- nobody -- like a Boy Scout. Thank you very much, everybody.  Thank you very much.  Thank you.  Thank you very much.  (Applause.)  END 7:10 P.M. EDT  

25 июля, 00:51

AT&T (T) and Time Warner (TWX) Progress Toward Merger Approval

U.S. antitrust officials have begun talking to AT&T (T) and Time Warner (TWX) representatives about conditions that could allow the telecom giant to acquire the media company.

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24 июля, 16:45

AT&T in early talks with U.S. officials for Time Warner approval

U.S. antitrust officials have started talking to representatives from AT&T Inc. and Time Warner Inc. about possible conditions that could secure approval of their $85.4 billion tie-up, according to people ...

24 июля, 16:38

Las Vegas Sands' (LVS) Q2 Earnings: What's in the Cards?

Las Vegas Sands Corp.'s (LVS) Macao operation is witnessing strong growth in both its mass gaming and non-gaming segments, given the improved operating environment there. This should drive Q2 results.

24 июля, 16:00

Charter Communication (CHTR) Q2 Earnings: What's in Store?

While a mobile venture with Comcast boosts Charter Communications' (CHTR) wireless services businesses, threat from online video streaming providers' cheap source of TV programming remains a woe.

24 июля, 15:57

Will Columbia Sportswear (COLM) Disappoint in Q2 Earnings?

Columbia Sportswear has been facing challenges in its U.S. wholesale front. However, it has undertaken strategic partnerships to strengthen presence in the apparel industry.

24 июля, 15:38

Things You Need to Know Before NY Times' (NYT) Q2 Earnings

The New York Times Company (NYT) is diversifying business, adding new revenue streams, strengthening balance sheet along with restructuring portfolio.

24 июля, 14:52

Frontrunning: July 24

Kushner, Russian Ambassador Had Undisclosed Contact (WSJ) Democrats take aim at big companies in economic blueprint (Reuters) Trump open to signing Russia sanctions legislation (Reuters) Schumer Predicts Trump Firing Mueller Would Be GOP Tipping Point (BBG) Senate GOP Unsure of What Health-Care Measure They Will Vote On (WSJ) Japan PM Abe denies favors for friend amid falling support (Reuters) Britain’s Economy Is Almost Flatlining (BBG) Wall Street Outlasts Congress on Banker Pay, But Still Loses (WSJ) An Obscure Nafta Chapter Could Be Canada’s Deal-Breaker Again (BBG) Investors Lose $22 Billion as Sweden's Benchmark Stocks Founder (BBG) German private sector growth slows more than expected in July-PMI (Reuters) Oil rises after Saudi vows to cap crude exports next month (Reuters) Saudi calls OPEC members to stick to limits, sees oil demand up (Reuters) Saudi Arabia Cuts Oil Exports (WSJ) IMF Sees U.S. Fading as Global Growth Engine (BBG) Singapore Startup Takes Bitcoin Into Real World With Visa (BBG) ‘They All Deserve to Die’: Caracas Militants Vow to Take Up Arms (BBG) South China Sea: Vietnam halts drilling after 'China threats' (BBC) Traders Fear Hard Landing in Emerging Markets (BBG) This Hedge Fund Is Betting $280 Million on a 34-Year-Old Guy (BBG) UK government to discuss Brexit implementation period later this year (Reuters) Welcome to Xi's Net: Where Politics, Porn and Pooh Are Forbidden (BBG) WebMD Agrees to Be Bought by Buyout Firm KKR for $2.8 Billion (BBG) EPA chief spent almost half of spring in home state of Oklahoma (Reuters)   Overnight Media Digest WSJ - U.S. Senate Republicans are expected to vote as early as Tuesday to begin debate on their sweeping health-care legislation—but they don't know yet what measure they will be voting on. on.wsj.com/2uO1tku - Private equity firm KKR & Co is nearing a deal to buy WebMD Health Corp, according to people familiar with the matter. on.wsj.com/2gVzY2G - Singapore-based ride-hailing firm GrabTaxi Holdings Pte expects to raise $2.5 billion a round of startup fundraising as it seeks to battle Uber Technologies Inc across the populous region, the company said. Japan's SoftBank Group Corp and Chinese ride-hailing company Didi Chuxing Technology Co will lead the current round of investment, pouring up to $2 billion into Grab. on.wsj.com/2gVTiwT - The White House indicated U.S. President Donald Trump was likely to support legislation that would punish Russia for interfering in the 2016 election, after months of questioning assertions about Moscow's involvement. on.wsj.com/2gVSgRr - German luxury car maker BMW AG denied it had cooperated with rivals to manipulate diesel engines for reducing nitrogen-oxide emissions, after the European Commission confirmed that Volkswagen AG asked the region's antitrust watchdogs to scrutinize decades of possible coordination efforts by the country's main auto manufacturers. on.wsj.com/2gVoTyK - Private attorney Mike Moore is encouraging U.S. states to sue pharmaceutical companies, alleging they helped spark an addiction crisis by misrepresenting the benefits and addiction risks of opioid painkillers. Moore pressed Mississippi and Ohio to sue drugmakers and is helping them with the suits they have since filed. on.wsj.com/2gVDiLm   FT Flavio Cattaneo, chief executive of Telecom Italia SpA , is thought to be seeking an exit payout of about 30 million euros amid reports of a clash with majority shareholder Vivendi SA, as he becomes the second head to leave the company in less than two years. British advisory boutique DuCanon has arranged its first deal by helping to seal the 600 million pound buyout of an exhibitions organiser Clarion Events by Blackstone Group Lp . Acacia Mining Plc, which is in the midst of a multibillion-dollar dispute with the Tanzanian government over tax and royalties, is facing renewed pressure to address long-running alleged human rights violations at one of its mines in the east African country. A new EU competition investigation into Germany's top carmakers threatens the credibility of the entire industry, a German minister has warned, after Brussels confirmed it was probing suspected collusion on technology.   NYT - Chinese regulators have become increasingly concerned that some of the biggest Chinese conglomerates have borrowed so much that they could pose risks to the financial system. Banking officials are ramping up scrutiny of companies' balance sheets. nyti.ms/2tSzoDX - BMW AG, responding to claims that it formed a cartel with Daimler AG and Volkswagen AG to hold down the prices of crucial technology, denied that the German carmakers had agreed among themselves to install emissions equipment that was inadequate to do the job. nyti.ms/2vPFvue - Time Warner Inc CEO Jeffrey Bewkes is expected to resign if regulators approve AT&T Inc's $85.4 billion bid and the Time Warner name is likely to be eliminated, as AT&T subsume the company's assets, including HBO, Turner cable network brands and Warner Bros film and television studios. nyti.ms/2tsVQUN - The White House indicated that President Donald Trump would accept new legislation curtailing his authority to lift sanctions on Russia on his own, after a broad revolt by lawmakers of both parties about his approach to Moscow. nyti.ms/2gVSxUg   Canada The Globe and Mail ** Ontario will dispatch up to 20 additional mental-health workers to a remote First Nations community where at least four youths took their own lives this month as government and Indigenous leaders meet Monday to discuss a health-care overhaul on Northern Ontario reserves. tgam.ca/2usbTng ** New privacy regulations such as General Data Protection Regulation coming into force in Europe next year are calling into question whether Canada's approach to privacy is keeping up with its global peers. Chantal Bernier, former interim privacy commissioner of Canada said, "we cannot take for granted that Canada would be recognized as adequate under the GDPR, because it is very different from our current legislation, and very different from the previous European legislation under which we were deemed adequate." tgam.ca/2urAzfF ** Ontario is preparing to hand over control of its gambling operations in the Greater Toronto Area (GTA) to a private operator as the government seeks to drive a gambling boom in the province. Within a few weeks, the Ontario Lottery and Gaming Corp will select a business to run its casino and thousands of slot machines in the GTA for the next two decades. tgam.ca/2urDfKc National Post ** Visitors to Canada are still getting scammed by fake websites as they apply for mandatory electronic travel authorization, with officials receiving hundreds of complaints in the past year. The number is now up to almost 950, and immigration officials tell this week there has been "no change" in the status of the problem. bit.ly/2urQOJJ   Britain The Times Bakkavor, one of the biggest suppliers of ready meals to Marks & Spencer and Waitrose, is exploring plans for a stock market float that could value it at up to 1.5 billion pounds. bit.ly/2gVBiTo The top management at Paysafe Group Plc are in line for a 70 million pound shares-based windfall if the payment processor becomes the latest technology company to be sold to foreign bidders. bit.ly/2gUFpyX The Guardian Asda, the British supermarket arm of Wal-Mart Stores Inc , is considering a move for the discount chain B&M European Value Retail SA, in what would be the latest attempt by a major supermarket to diversify in the face of growing competition from cheaper rivals. bit.ly/2gVzpFZ Liam Fox has conceded Britain is likely to seek a transitional deal until 2022 after leaving the European Union, but said the arrangements should not "drag on" until after the next general election. bit.ly/2gVpRLm The Telegraph Under-pressure mining group Acacia Mining Plc is facing a lawsuit in the UK from relatives of people who died at one of its mine sites. bit.ly/2gUFTFh The BBC is planning to take men off radio and television programmes and replace them with women in an attempt to close the gender pay gap. bit.ly/2gVvwAQ Sky News The boss of the UK pensions lifeboat, Alan Rubenstein, is to step down early next year after a near-nine-year tenure. bit.ly/2gVa7rG Blackstone Group LP has acquired Clarion Events from rival Providence Equity Partners for a deal valued at just under 600 million pounds. bit.ly/2gVpxMw The Independent At least 15 Conservative MPs have reportedly agreed to sign a letter of no confidence in Theresa May. ind.pn/2gV31mW  

23 июля, 00:00

Democrats Urge Antitrust Action Against Amazon Over Whole Foods Deal

In the wake of their embarrassing electoral defeat in November, Congressional Democrats are turning against the wealthy tech benefactors who bankroll their campaigns. To wit, a group of 12 Democratic Congressman have signed a letter urging the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of e-commerce giant Amazon.com Inc.'s plan to buy grocer Whole Foods Market Inc., according to Reuters. Rumblings that Amazon is engaging in monopolistic business practices resurfaced last week when the top Democrat on the House antitrust subcommittee, David Civilline, voiced concerns about Amazon's $13.7 billion plan to buy Whole Foods Market and urged the House Judiciary Committee to hold a hearing to examine the deal's potential impact on consumers. Making matters worse for the retailer, Reuters reported earlier this week that the FTC is investigating the company for allegedly misleading customers about its pricing discounts, citing a source close to the probe. The letter is at least third troubling sign that lawmakers are turning against Amazon, even as President Donald Trump has promised to roll back regulations, presumably making it easier for megamergers like the AMZN-WFM tieup to proceed. So far, it’s mostly Democrats who are urging the FTC to take “a closer look” at the deal. However, some suspect that Amazon founder Jeff Bezo’s ownership of the Washington Post – a media outlet that has published dozens of embarrassing stories insinuating that Trump and his compatriots colluded with Russia to help defeat Democrat Hillary Clinton – could hurt the company’s chances of successfully completing the merger, as its owner has earned the enmity of president Trump. Similar concerns have dogged CNN-owner Time Warner’s pending merger with telecoms giant AT&T. In the letter, the group of Democratic lawmakers – which includes rumored presidential hopeful Cory Booker, the junior senator from New Jersey – worried that the merger could negatively impact low-income communities. By putting other grocers out of business, the Amazon-backed WFM could worsen the problem of “food deserts,” areas where residents may have limited access to fresh groceries. "While we do not oppose the merger at this time, we are concerned about what this merger could mean for African-American communities across the country already suffering from a lack of affordable healthy food choices from grocers," the letter said on Thursday. In the hopes of changing Whole Foods’ “whole paycheck” image, Amazon has lobbied Congress to be able to accept food stamps online, and is participating in a pilot program to “expand access” to fresh food in impoverished communities. You can read the letter in full below: @MaxineWaters @CoryBooker among 12 MoCs w/ concerns re: @amazon-Whole Foods deal. Read their letter to DOJ/ FTC -> https://t.co/fYh6kK0Wq9 pic.twitter.com/XZEgH3lv7I — Jessica A. Torres (@jessalttorres) July 21, 2017 Brian Huseman, Amazon's vice president of policy, in a letter to Fudge, tried to placate the angry Democrats by assuring them that Amazon intends to address their concerns. "'We agree with you that access to food is an important issue for the country, and we share your goal of improving that access,' Huseman said in the letter.   'We deliver low-cost, healthy food to zip codes across the country that before Amazon had limited access to a large selection of high quality foods,' Huseman wrote to Fudge. Huseman also disputed claims that Amazon is anti-competitive, pointing out that Wal-Mart has a larger market share, and added that the company doesn’t plan on laying off workers…despite widely touting its plans to rely on automation – including special sensors and artificial intelligence – to eliminate the need for cashiers in it brick-and-mortar grocers. “Amazon has sought to dispute that it would monopolize the grocery industry. Wal-Mart Stores Inc currently controls the largest market share.   ‘We also do not plan job reductions as part of the acquisition, which if approved would result in a company with a combined less than 3 percent of national grocery sales,’ Huseman wrote.” The letter was released to the public by the United Food and Commercial Workers union, which praised the Democrats plans to fight back against a merger that will likely result (despite Huseman’s claims to the contrary) in a sharp reduction in its membership base. “Political concerns about Amazon’s acquisition of Whole Foods are growing for good reason,” UFCW President Marc Perrone said on Friday. “Amazon’s monopolistic desire to control the retail market and replace good jobs with automation is not only a direct threat to the hard-working men and women at Whole Foods, it’s also a direct threat to our economy and consumers." Amazon and Whole Foods hope to expand access to fresh food, said Brian Huseman, Amazon's vice president of policy, in a letter to Fudge, also on Thursday. "We agree with you that access to food is an important issue for the country, and we share your goal of improving that access," Huseman said in the letter. So far, any negative impact on Amazon’s shares has been minimal as the broader market remains in rally mode. On Friday, the Nasdaq fell after rising for nine straight days – stopping just shy of what would’ve been its longest winning streak in years. 

21 июля, 18:58

What's in Store for Wynn Resorts (WYNN) in Q2 Earnings?

Wynn Resorts, Limited (WYNN) consistent efforts to boost tourism and traffic in Macau are likely to bolster second-quarter performance aided by the improved operating environment therein

21 июля, 16:30

Iconix (ICON) Acquires Remaining 50% Stake in Iconix Canada

In an effort to improve international performance and expand its brand globally, Iconix (ICON) has acquired the remaining 50% interest in Iconix Canada.

21 июля, 07:16

Бывшая супруга миллиардера Василия Анисимова продает особняк за $18 млн

Галина Анисимова продает дом почти в два раза дешевле стоимости покупки и переустройства

20 июля, 14:35

Can Hasbro (HAS) Spring a Surprise this Earnings Season?

Strategic partnerships, rapid growth in emerging markets along with various sales-building initiatives should drive Hasbro, Inc.'s (HAS) top and bottom line in the to-be-reported quarter.

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19 июля, 21:00

The Shape Of Things To Come? AT&T Rolls Out The Red Carpet In Hollywood

I had the opportunity to spend two days with AT&T at its Shape Tech & Entertainment Expo. Over 10,000 attendees got a glimpse into the backlots of Warner Bros Studios and what AT&T has in store as its acquisition of Time Warner is expected to close in the fall around Labor Day.

19 июля, 07:16

Слабое звено: пять типов самых несносных сотрудников

Что делать с вечными пессимистами, любителями посиделок и агрессивными сотрудниками

18 июля, 20:10

Tech Companies Are Taking Over the Emmy Awards

On today's episode of the Tech Talk Tuesday podcast, Ryan McQueeney takes a look at the nominations for the 69th annual Emmy Awards, which further cement the idea that video streaming giants like Netflix (NFLX) and Amazon (AMZN) are a force to be reckoned with in the TV industry.

18 июля, 16:30

Zacks.com featured highlights: KB Home, Southwest Airlines, Huntington Ingalls Industries, Time Warner and Carnival

Zacks.com featured highlights: KB Home, Southwest Airlines, Huntington Ingalls Industries, Time Warner and Carnival

15 мая, 23:52

«Человек года» все обложки журнала Time за последние 90 лет

Оригинал взят у tiina в «Человек года» все обложки журнала Time за последние 90 летС 1927 года журнал Time в каждом декабрьском номере называет «Человека года», повлиявшего на мир лучшим или худшим образом. Первым был Чарльз Линдберг, лётчик, в одиночку перелетевший Атлантику, а в нынешнем году – американский президент Дональд Трамп. Предлагаем взглянуть на все 90 обложек Time, интересных не только помещёнными на них знаменитыми личностями, но и тем, каким образом их изобразили.1927: Чарльз Линдберг1928: Уолтер Крайслер1929: Оуэн Юнг1930: Махатма Ганди1931: Пьер Лаваль1932: Франклин Рузвельт1933: Хью Джонсон1934: Президент Франклин Рузвельт1935: Хайле Селассие1936: Уоллис Симпсон1937: Чан Кайши и Сун Мэйлин1938: Адольф Гитлер1939: Иосиф Виссарионович Сталин1940: Уинстон Черчилль1941: Президент Франклин Рузвельт1942: Иосиф Виссарионович Сталин1943: Джордж Маршалл1944: Дуайт Дэвид Эйзенхауэр1945: Президент Гарри Трумэн1946: Джеймс Фрэнсис Бирнс1947: Джордж Маршалл1948: Президент Гарри Трумэн1949: Уинстон Черчилль1950: Американский солдат1951: Мохаммед Моссадех1952: Королева Елизавета II1953: Конрад Аденауэр1954: Джон Фостер Даллес1955: Харлоу Куртис1956: Борец за свободу Венгрии1957: Никита Сергеевич Хрущёв1958: Шарль де Голль1959: Президент Дуайт Дэвид Эйзенхауэр1960: Американские ученые1961: Президент Джон Кеннеди1962: Римский папа Иоанн XXIII1963: Мартин Лютер Кинг1964: Линдон Бэйнс Джонсон1965: Уильям Уэстморленд1966: Мужчины и женщины в возрасте до 25 лет1967: Президент Линдон Бэйнс Джонсон1968: Аполлон 8 Уильям Андерс, Фрэнк Борман, Джеймс Ловелл1969: Средний класс американцев1970: Вилли Брандт1971: Президент Ричард Никсон1972: Президент Ричард Никсон и Генри Киссинджер1973: Джон Сирица1974: Король Фейсал1975: Американские женщины1976: Президент Джимми Картер1977: Анвар Садат1978: Дэн Сяопин1979: Аятолла Хомейни1980: Президент Рональд Рейган1981: Лех Валенса1982: Компьютер1983: Президент Рональд Рейган и Юрий Андропов1984: Питер Уэберрот1985: Дэн Сяопин1986: Корасон Акино1987: Михаил Горбачев1988: Вымирающая земля1989: Михаил Горбачев1990: Президент Джордж Герберт Уокер Буш1991: Тед Тёрнер1992: Президент Билл Клинтон1993: Миротворцы: Ицхак Рабин, Нельсон Мандела, Фредерик Виллем де Клерк, Ясир Арафат1994: Римский папа Иоанн Павел II1995: Ньют Гингрич1996: Доктор Дэвид Хо1997: Эндрю Гроув1998: Кеннет Стар и Билл Клинтон1999: Джефф Безос2000: Президент Джордж Уокер Буш2001: Руди Джулиани2002: Разоблачители: Синтия Купер, Колин Роули и Шэрон Уоткинс2003: Американский солдат2004: Президент Джордж Уокер Буш2005: Добрые самаритяне: Билл Гейтс, Боно, Мелинда Гейтс2006: Ты. «Да, ты. Ты контролируешь Век Информации. Добро пожаловать в твой мир».2007: Владимир Владимирович Путин2008: Президент Барак Обама2009: Бен Бернанке2010: Марк Цукерберг2011: Протестующий2012: Президент Барак Обама2013: Римский папа Франциск 2014: Борец с Эболой2015: Ангела Меркель2016: Дональд Трамп«Человек года» все обложки журнала Time за последние 90 лет

25 сентября 2012, 15:11

The Zero Deficit Line in 2012

Now that the U.S. Census has released its newest estimate of median household income in the United States, it's time to consider where the U.S. federal government spending per U.S. household stands with respect to the Zero Deficit Line, which is the amount of spending that the typical American household can actually afford. The chart below shows those two measures for each year since 1967, when the Census first began reporting its median household income figure: Looking at the chart, we see that for the third year in a row, the amount of U.S. federal government spending per household is hovering just below $30,000 per U.S. household. Our tool below will reveal how much spending can actually be supported by the typical American household given its annual income of $50,054 (or whatever median household income level you might choose to enter!) Median Household Income Data Input Data Values Median Household Income How Much Federal Spending Per Household Can the U.S. Really Afford? Estimated Results Values Federal Spending per U.S. Household Using our tool, we find that in reality, the typical American household can only afford to have the federal government spend no more than $21,059. On a side note, do you remember the old Warner Brothers' Road Runner cartoons? The ones where Wile E. Coyote would be chasing after the bird, then suddenly find himself suspended in mid-air beyond the edge of a cliff, until he looked down and finally crashed back to earth? The level of federal spending per household since 2008 and the lack of meaningful growth in the incomes of U.S. households under President Obama, combined with all the talk these days of the approaching "fiscal cliff" suggests that there is one giant "splat" sound in the near future for the U.S.