Blog Posts by Simplus Information Services

  • By Devika Krishna Kumar

    NEW YORK (Reuters) - Oil prices rose about 1 percent on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions to go along with the limits OPEC announced last week to curb a glut of oil.

    Both Brent and U.S crude futures, however, notched their first weekly loss in four weeks.

    A strong U.S. dollar (.DXY) that makes greenback-denominated crude more expensive to many buyers, pressured oil, keeping both benchmarks nearly 2 percent below the highs reached late last month after the Organisation of the Petroleum Exporting Countries (OPEC) announced plans to cut production. [USD/]

    On Saturday, OPEC oil ministers will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

    Price gains were slightly pared after data showed U.S. energy companies this week added 21 oil drilling rigs, the biggest weekly increase since July 2015.

    Read More »from Oil edges up about 1 percent on optimism over non-OPEC output cuts
  • Facebook Inc.’s move to change its capital structure was tainted by secret text messages and meddling from financial advisers that pointed to a process rife with conflicts of interest, according to investor lawsuits filed in Delaware.

    Late last summer, Chief Executive Mark Zuckerberg asked the board to approve a plan to create a new class of nonvoting shares that would allow him to maintain control of the company he co-founded. The board formed a three-person special committee tasked with assessing the capital plan.

    Morgan Stanley, which advised Facebook, appeared to pull the strings behind the scenes by convincing the board’s advisers to water down parts of the plan that would have been unfavorable to Mr. Zuckerberg, according to court documents filed by the plaintiffs.

    Meanwhile, longtime Facebook director Marc Andreessen, who served on the special committee, was privately coaching Mr. Zuckerberg by text message

    Read More »from [$$] Facebook's Plan to Keep Zuckerberg in Control Was Flawed, Lawsuit Says
  • Hero-astronaut John Glenn to lie in state in Ohio

    COLUMBUS, Ohio (AP) — American hero-astronaut John Glenn will lie in state in Ohio's capitol building preceding a celebration of his life of military and government service and two history-making voyages into space.

    The public viewing at the Ohio Statehouse and a memorial service at Ohio State University's Mershon Auditorium is planned for next week; the dates and times were being worked out Friday, said Hank Wilson of the John Glenn School of Public Affairs. Statehouse officials meet Monday to authorize the public viewing.

    Glenn, who died Thursday at age 95, was the first American to orbit the Earth in 1962 and the oldest man in space at age 77 in 1998. A U.S. Marine and combat pilot, he also served as a U.S. senator, representing Ohio, for more than two decades.

    President Barack Obama on Friday ordered flags at federal buildings and on ships around the world flown at half-staff until sunset on the day of Glenn's internment. Glenn is to be buried at Arlington National Cemetery near

    Read More »from Hero-astronaut John Glenn to lie in state in Ohio
  • DUBLIN--(BUSINESS WIRE)--

    Research and Markets has announced the addition of the "Global Machine Condition Monitoring Equipment Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.

    Machine condition monitoring equipment market has gained importance over the past few years, as the focus of companies on productivity and asset utilization has significantly increased. The increasing use of remote monitoring, growth in heating, ventilating and air conditioning market, increasing demand for smart factories, in addition to growing penetration of industrial internet of things (IoT) are driving the growth of the global machine condition monitoring equipment market.

    The increasing usage of remote monitoring solutions with the help of internet of things (IoT) has spurred the growth of the global machine condition monitoring market. The remote

    Read More »from Global Machine Condition Monitoring Equipment Market - Forecast to 2022 - Increasing Use of Remote Monitoring - Research and Markets
    Contact:
    Research and Markets
    Laura Wood, Senior Manager
    press@researchandmarkets.com
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    U.S. Fax: 646-607-1907
    Fax (outside U.S.): +353-1-481-1716
    Related Topics: Machinery, Industrial Machinery
  • BISMARCK, N.D.—Law enforcement officials in charge of the standoff over the Dakota Access Pipeline are refuting accusations of employing heavy-handed tactics against protesters with a recently launched video series on its social media accounts.

    Authorities have been criticized on Facebook, Twitter and other social media sites for use of tear gas, attack dogs, and water hoses when temperatures were below freezing.

    The campaign by the Morton County Sheriff’s Department of Mandan, N.D., called Know the Truth, features near-daily video interviews with its sheriff, deputies, or colleagues from other jurisdictions.

    A video from Tuesday shows a sergeant from the Bismarck police department demonstrating multiple tactics used by law enforcement during the protests, including shotguns loaded with sponge rounds, which the sheriff explains are used to “directly impact a person’s lower extremities and attempt to gain some pain compliance.”

    The video

    Read More »from [$$] Authorities at Dakota Pipeline Standoff Share Their Views in Video Series
  • Why Did Western Digital Update Its Fiscal 2Q17 Guidance?

    Can Western Digital’s Storage Portfolio Drive Long-Term Growth?

    Investor day event

    Technology (QQQ) company Western Digital (WDC) updated its outlook for fiscal 2Q17 at its investor day event. The event was held on December 6, 2016, in Milpitas, California. The company stated that rising demand for data storage coupled with its broad product portfolio would drive revenue in fiscal 2Q17 and beyond. 

    Western Digital expects its cross-licensing agreement with the Korea-based (EWY) Samsung (SSNLF) to positively impact its revenue as well.

    WDC expects revenue of $4.8 billion in fiscal 2Q17, compared to its earlier forecast of $4.7 billion. Its non-GAAP (generally accepted accounting principles) gross margin is also expected to be 36%, compared to its earlier forecast of 35%.

    Non-GAAP EPS revised

    WDC also expects a non-GAAP tax rate of 13% compared to the earlier estimated range of 14%–16%. As a result of this, the company has increased its non-GAAP EPS (earnings per share) range to

    Read More »from Why Did Western Digital Update Its Fiscal 2Q17 Guidance?
  • brandon marshall broncos(Jack Dempsey/AP)

    Denver Broncos linebacker Brandon Marshall shared to Instagram on Friday a racist letter he said he received in the mail at his team's practice facility. 

    The letter was riddled with racial slurs and said that if Marshall doesn't like living in the US, he should to go "back to the jungle" in Africa.

    "The hatred by some against people of color is one of the reasons we are where we're at in the world today, and they wonder why we feel the way we do and take the stances that we take," Marshall wrote on Instagram. "I received this letter at work."

    Read More »from Broncos linebacker Brandon Marshall received a horrifying racist letter after kneeling during the national anthem
  • Story of Trump letting homeless woman live in hotel is false

    The Trump Organization says there's no validity to a video in which a woman claims Republican President-elect Donald Trump has allowed her to stay at his New York hotel free of charge for nine years

    NEW YORK (AP) -- The Trump Organization says there's no validity to a video in which a woman claims Republican President-elect Donald Trump has allowed her to stay at his New York hotel free of charge for nine years.

    The video is being circulated online and shows a woman talking to a camera by a window overlooking Central Park.

    The woman describes herself as a squatter who went to the hotel and started living in an empty room. She says Trump has allowed her to live there since. She calls Trump "a wonderful, wonderful man."

    Trump Hotels spokeswoman Jennifer Rodstrom says the woman depicted in the video is not a guest.

    A website used the video as the basis for a story that has been heavily shared on Facebook since it was posted this week.

  • With Gary Cohn as one of his top economic advisors, Donald Trump can expect to hear from an economic optimist leery of the role central banks have taken on to try to engineer growth.

    The Goldman Sachs chief operating officer would bring yet another insider's view to a Trump White House as director of the National Economic Council . The position is central to generating a unified economic message for the administration.

    In interviews over the past couple of years, Cohn, 56, has expressed some confidence in the economy. Speaking to CNBC eight days after Trump's stunning upset of Hillary Clinton in the presidential race, Cohn also was cautious on certain aspects.

    "We're all giving President-elect Trump and his transition team the benefit of the doubt," he said. "We're all listening to what he's saying, we're all listening to what he's doing. We're all cautiously optimistic. We're waiting to see what happens. As we get more clarity, the markets will react."

    Indeed, the markets

    Read More »from Gary Cohn will be bringing worries about Fed policy to Trump's White House
  • U.S. stocks rise with Treasury yields, euro slides

    By Sinead Carew

    NEW YORK (Reuters) - U.S stocks followed Europe higher on Friday as investors piled in on the post-Trump-election rally while the euro weakened against the dollar as investors continued to digest the European Central Bank’s Thursday decision to extend economic stimulus.

    U.S. Treasury yields climbed, with benchmark yields on track for a fifth straight week of increases on stronger-than-forecast data on China inflation and U.S. consumer sentiment ahead of $56 billion in government debt supply next week.

    European shares hit their highest level and had their best week since January, following the ECB's decision to cut monthly bond buys to 60 billion euros ($63.7 billion) from 80 billion and extend purchases to December, three months longer than analysts had forecast.

    The S&P 500 stock index's strongest sectors were consumer staples and healthcare, which have been two of the weakest in the rally that followed the Nov.

    Read More »from U.S. stocks rise with Treasury yields, euro slides

Blog Posts by Simplus Information Services

  • By Devika Krishna Kumar

    NEW YORK (Reuters) - Oil prices rose about 1 percent on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions to go along with the limits OPEC announced last week to curb a glut of oil.

    Both Brent and U.S crude futures, however, notched their first weekly loss in four weeks.

    A strong U.S. dollar (.DXY) that makes greenback-denominated crude more expensive to many buyers, pressured oil, keeping both benchmarks nearly 2 percent below the highs reached late last month after the Organisation of the Petroleum Exporting Countries (OPEC) announced plans to cut production. [USD/]

    On Saturday, OPEC oil ministers will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

    Price gains were slightly pared after data showed U.S. energy companies this week added 21 oil drilling rigs, the biggest weekly increase since July 2015.

    Read More »from Oil edges up about 1 percent on optimism over non-OPEC output cuts
  • Facebook Inc.’s move to change its capital structure was tainted by secret text messages and meddling from financial advisers that pointed to a process rife with conflicts of interest, according to investor lawsuits filed in Delaware.

    Late last summer, Chief Executive Mark Zuckerberg asked the board to approve a plan to create a new class of nonvoting shares that would allow him to maintain control of the company he co-founded. The board formed a three-person special committee tasked with assessing the capital plan.

    Morgan Stanley, which advised Facebook, appeared to pull the strings behind the scenes by convincing the board’s advisers to water down parts of the plan that would have been unfavorable to Mr. Zuckerberg, according to court documents filed by the plaintiffs.

    Meanwhile, longtime Facebook director Marc Andreessen, who served on the special committee, was privately coaching Mr. Zuckerberg by text message

    Read More »from [$$] Facebook's Plan to Keep Zuckerberg in Control Was Flawed, Lawsuit Says
  • Hero-astronaut John Glenn to lie in state in Ohio

    COLUMBUS, Ohio (AP) — American hero-astronaut John Glenn will lie in state in Ohio's capitol building preceding a celebration of his life of military and government service and two history-making voyages into space.

    The public viewing at the Ohio Statehouse and a memorial service at Ohio State University's Mershon Auditorium is planned for next week; the dates and times were being worked out Friday, said Hank Wilson of the John Glenn School of Public Affairs. Statehouse officials meet Monday to authorize the public viewing.

    Glenn, who died Thursday at age 95, was the first American to orbit the Earth in 1962 and the oldest man in space at age 77 in 1998. A U.S. Marine and combat pilot, he also served as a U.S. senator, representing Ohio, for more than two decades.

    President Barack Obama on Friday ordered flags at federal buildings and on ships around the world flown at half-staff until sunset on the day of Glenn's internment. Glenn is to be buried at Arlington National Cemetery near

    Read More »from Hero-astronaut John Glenn to lie in state in Ohio
  • DUBLIN--(BUSINESS WIRE)--

    Research and Markets has announced the addition of the "Global Machine Condition Monitoring Equipment Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.

    Machine condition monitoring equipment market has gained importance over the past few years, as the focus of companies on productivity and asset utilization has significantly increased. The increasing use of remote monitoring, growth in heating, ventilating and air conditioning market, increasing demand for smart factories, in addition to growing penetration of industrial internet of things (IoT) are driving the growth of the global machine condition monitoring equipment market.

    The increasing usage of remote monitoring solutions with the help of internet of things (IoT) has spurred the growth of the global machine condition monitoring market. The remote

    Read More »from Global Machine Condition Monitoring Equipment Market - Forecast to 2022 - Increasing Use of Remote Monitoring - Research and Markets
    Contact:
    Research and Markets
    Laura Wood, Senior Manager
    press@researchandmarkets.com
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    U.S. Fax: 646-607-1907
    Fax (outside U.S.): +353-1-481-1716
    Related Topics: Machinery, Industrial Machinery
  • BISMARCK, N.D.—Law enforcement officials in charge of the standoff over the Dakota Access Pipeline are refuting accusations of employing heavy-handed tactics against protesters with a recently launched video series on its social media accounts.

    Authorities have been criticized on Facebook, Twitter and other social media sites for use of tear gas, attack dogs, and water hoses when temperatures were below freezing.

    The campaign by the Morton County Sheriff’s Department of Mandan, N.D., called Know the Truth, features near-daily video interviews with its sheriff, deputies, or colleagues from other jurisdictions.

    A video from Tuesday shows a sergeant from the Bismarck police department demonstrating multiple tactics used by law enforcement during the protests, including shotguns loaded with sponge rounds, which the sheriff explains are used to “directly impact a person’s lower extremities and attempt to gain some pain compliance.”

    The video

    Read More »from [$$] Authorities at Dakota Pipeline Standoff Share Their Views in Video Series
  • Why Did Western Digital Update Its Fiscal 2Q17 Guidance?

    Can Western Digital’s Storage Portfolio Drive Long-Term Growth?

    Investor day event

    Technology (QQQ) company Western Digital (WDC) updated its outlook for fiscal 2Q17 at its investor day event. The event was held on December 6, 2016, in Milpitas, California. The company stated that rising demand for data storage coupled with its broad product portfolio would drive revenue in fiscal 2Q17 and beyond. 

    Western Digital expects its cross-licensing agreement with the Korea-based (EWY) Samsung (SSNLF) to positively impact its revenue as well.

    WDC expects revenue of $4.8 billion in fiscal 2Q17, compared to its earlier forecast of $4.7 billion. Its non-GAAP (generally accepted accounting principles) gross margin is also expected to be 36%, compared to its earlier forecast of 35%.

    Non-GAAP EPS revised

    WDC also expects a non-GAAP tax rate of 13% compared to the earlier estimated range of 14%–16%. As a result of this, the company has increased its non-GAAP EPS (earnings per share) range to

    Read More »from Why Did Western Digital Update Its Fiscal 2Q17 Guidance?
  • brandon marshall broncos(Jack Dempsey/AP)

    Denver Broncos linebacker Brandon Marshall shared to Instagram on Friday a racist letter he said he received in the mail at his team's practice facility. 

    The letter was riddled with racial slurs and said that if Marshall doesn't like living in the US, he should to go "back to the jungle" in Africa.

    "The hatred by some against people of color is one of the reasons we are where we're at in the world today, and they wonder why we feel the way we do and take the stances that we take," Marshall wrote on Instagram. "I received this letter at work."

    Read More »from Broncos linebacker Brandon Marshall received a horrifying racist letter after kneeling during the national anthem
  • Story of Trump letting homeless woman live in hotel is false

    The Trump Organization says there's no validity to a video in which a woman claims Republican President-elect Donald Trump has allowed her to stay at his New York hotel free of charge for nine years

    NEW YORK (AP) -- The Trump Organization says there's no validity to a video in which a woman claims Republican President-elect Donald Trump has allowed her to stay at his New York hotel free of charge for nine years.

    The video is being circulated online and shows a woman talking to a camera by a window overlooking Central Park.

    The woman describes herself as a squatter who went to the hotel and started living in an empty room. She says Trump has allowed her to live there since. She calls Trump "a wonderful, wonderful man."

    Trump Hotels spokeswoman Jennifer Rodstrom says the woman depicted in the video is not a guest.

    A website used the video as the basis for a story that has been heavily shared on Facebook since it was posted this week.

  • With Gary Cohn as one of his top economic advisors, Donald Trump can expect to hear from an economic optimist leery of the role central banks have taken on to try to engineer growth.

    The Goldman Sachs chief operating officer would bring yet another insider's view to a Trump White House as director of the National Economic Council . The position is central to generating a unified economic message for the administration.

    In interviews over the past couple of years, Cohn, 56, has expressed some confidence in the economy. Speaking to CNBC eight days after Trump's stunning upset of Hillary Clinton in the presidential race, Cohn also was cautious on certain aspects.

    "We're all giving President-elect Trump and his transition team the benefit of the doubt," he said. "We're all listening to what he's saying, we're all listening to what he's doing. We're all cautiously optimistic. We're waiting to see what happens. As we get more clarity, the markets will react."

    Indeed, the markets

    Read More »from Gary Cohn will be bringing worries about Fed policy to Trump's White House
  • U.S. stocks rise with Treasury yields, euro slides

    By Sinead Carew

    NEW YORK (Reuters) - U.S stocks followed Europe higher on Friday as investors piled in on the post-Trump-election rally while the euro weakened against the dollar as investors continued to digest the European Central Bank’s Thursday decision to extend economic stimulus.

    U.S. Treasury yields climbed, with benchmark yields on track for a fifth straight week of increases on stronger-than-forecast data on China inflation and U.S. consumer sentiment ahead of $56 billion in government debt supply next week.

    European shares hit their highest level and had their best week since January, following the ECB's decision to cut monthly bond buys to 60 billion euros ($63.7 billion) from 80 billion and extend purchases to December, three months longer than analysts had forecast.

    The S&P 500 stock index's strongest sectors were consumer staples and healthcare, which have been two of the weakest in the rally that followed the Nov.

    Read More »from U.S. stocks rise with Treasury yields, euro slides

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