Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]
Two weeks ago, German finance minister Wolfgang Schauble confirmed Donald Trump’s charge that the Euro is far “too low” for Germany, but said he is unable to do anything about it and instead blamed Mario Draghi. “The euro exchange rate is, strictly speaking, too low for the German economy’s competitive position,” he told Tagesspiegel on February 5. “When ECB chief Mario Draghi embarked on the expansive monetary […]
In an isolated area of Ecuador’s Amazon, the face of Lenín Moreno, the anointed successor of fiery leftist President Rafael Correa in Sunday’s presidential election, is plastered on billboards proclaiming “the future is unstoppable”. That future worries Mercedes Cabrera, a peasant leader in the village of Santiago de Panantza. She says she was snatched from her bed by state security forces and branded a terrorist after a policeman […]
ABU DHABI // The bodies of Emirati servicemen Lance Corporal Soliman Mohammed Soliman Al Dhohouri and Sergeant Nader Mubarak Eisa Soliman, who were martyred in Yemen, have been buried by their families. The General Command of the Armed Forces announced that the two died while performing their duty as part of Operation Restoring Hope, being conducted by the Saudi-led Arab Coalition to support and restore the legitimate […]
The average annual rent for an apartment in Dubai fell to AED114,000 ($31,000) in January, down 3 percent from the previous month, according to a new report. Real estate website Bayut also said average rents in neighbouring Abu Dhabi rose by 3 percent to AED120,000. During January, Bayut said average rental yield for all apartment types in Dubai topped out at 5.72 percent, but yields in individual […]
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]
February 17, 2017 by: Eric Platt, US Capital Markets Correspondent A few seats away from starlets Adriana Lima, Amber Valletta and Diane Kruger in the salon at New York’s St. Regis hotel, buyers from the department store chain Bergdorf Goodman were trend-spotting. They were there to see Jason Wu’s latest autumn collection, a line-up full of amber gold velvet draped dresses, smart glen plaid workwear and sheer […]
By Jeff Mason | NORTH CHARLESTON, S.C. NORTH CHARLESTON, S.C. President Donald Trump promised to boost U.S. manufacturing and punish companies for moving jobs overseas during a visit on Friday to a South Carolina Boeing Co (BA.N) plant to celebrate the unveiling of its latest Dreamliner jet. The Republican president, who previously feuded with the plane maker over projected costs for the next version of Air Force […]
This market reminds us of this…“none shall fall” Gold remains 2017’s biggest gainer, oil is down, bonds flat and the panic bid this week dragged The Dow higher… After 6 straight intraday ramps in the S&P 500, the last two days – since Catalyst stopped its forced covering – have seen the character of the market shift notably… On the week, Nasdaq was the […]
Mondelez shares dropped 5 per cent in early trading on Friday after Kraft Heinz’s approach for Unilever lessened the odds that the US group would be an acquisition target. Speculation of a potential take-over by Kraft of Mondelez was a “key factor supporting multiples for the group at such a high level,” said Stifel Nicolaus analyst Christopher Growe. “While this potential transaction (between Kraft and Unilever) does […]
The shares of several competing food producers were under pressure on Friday after Kraft Heinz approached Unilever to propose a $143bn takeover. Mondelez, Kellogg, General Mills and Campbell Soup are all seen as potential buyout targets for Kraft, said Christopher Growe, analyst at Stifel Nicolaus. “While this potential transaction does not count out a future acquisition of these businesses, it certainly delays the potential at least a […]
LOS ANGELES Intense rain, heavy snow and strong winds pounded California and southern Oregon on Friday, prompting the evacuation of dozens of homes east of Los Angeles, officials said. The severe storm, with what may be California’s heaviest rainfall in six years, was expected to last through the weekend, the National Weather Service said. “This looks to be the strongest storm to hit southwest California this season,” […]
Each day, early in the morning, during lunch or when they’re done covering politics and courts in Naples, Florida, three young journalists turn back to the news. Alexandra Glorioso, 29, Brett Murphy, 25, and Joseph Cranney, 25, all work together at the Naples Daily News. They also curate a weekly newsletter highlighting local watchdog journalism. For up to an hour each day, they scan more than 100 […]
Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]
Carolyn Ryan, The New York Times’ senior politics editor, is getting a promotion. Ryan, who ran The Times’ coverage of the presidential campaign, will join the Times’ masthead as an assistant editor in charge of recruitment, according to a memo from Executive Editor Dean Baquet and Managing Editor Joe Kahn. “Carolyn’s primary responsibility will be to recruit investigative reporters, narrative writers, beat reporters, editors and visual journalists […]
While the market itself has exhibited the exuberance we have all seen before (and never seem capable of learning from), BNP has quantified this love-panic relationship (and the news is not great for the bulls). When in ‘love’ mode, the average drop in stocks has been 12% in the next six months. The biggest drivers of this “love” have been investor confidence, CoT positioning, short-interest, relative trading […]
Sam Kassegne, deputy director for the CSNE at SDSU, and colleagues developed electrodes made out of glassy carbon. Credit: Sam Kassegne When people suffer spinal cord injuries and lose mobility in their limbs, it’s a neural signal processing problem. The brain can still send clear electrical impulses and the limbs can still receive them, but the signal gets lost in the damaged spinal cord. The Center for […]
By Patricia Zengerle and Matt Spetalnick | WASHINGTON WASHINGTON Wary Democrats on Thursday challenged Republicans who control the U.S. Congress to conduct a credible investigation into contacts between President Donald Trump’s associates and Russia, a process that will likely take months and may never become public. “We will be watching very carefully. If the Intelligence Committee investigation is not proceeding to unearth the entire truth, we will […]
For a coking coal industry that enjoyed bumper profits last year off the back of a price rally that made it 2016’s best performing big commodity, Teck Resources’s chief executive summed up the industry’s uneasy reliance on policymakers in Beijing. “I think on Chinese policy, we could go around the table and everyone would have a different opinion on that one,” Don Lindsay told analysts after reporting […]
Earlier this morning Bergen County municipal judge Roy F. McGeady ruled that there is probable cause to believe that New Jersey Governor Chris Christie was aware that the so-called Bridgegate scandal from 2013, resulting from unnecessary lane closures on the George Washington Bridge, was “purposely created, it was contrived, it was orchestrated for political retribution.” As such, Governor Christie has been ordered to appear before the court […]
By Mike Stone | WASHINGTON WASHINGTON The cost of Lockheed Martin Corp’s stealthy F-35 jet could fall 16 percent to around $80 million in future purchases, according to the Department of Defense’s head of the program. In February, the Pentagon agreed to a deal for the tenth batch of the fighter aircraft at below $95 million per jet for the first time, compared with $102 million in […]
Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]
The number of American companies tapping Europe’s bond markets has fallen this year with rising relative borrowing costs on the continent weakening the case for cross-border debt. An extended rally in European credit has enticed US companies to borrow over €100bn of so-called “reverse Yankee” bonds over the past two years with corporate bond purchases from the European Central Bank driving down yields. But appetite is fading […]
WASHINGTON – U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track. Housing starts declined 2.6 percent to a seasonally adjusted annual rate of 1.25 million units, the Commerce Department said on Thursday. December’s starts were revised up to a […]
