Business

Business McDonald's Packaging to Go Completely Green by 2025
Author: 0 McDonald's Packaging to Go Completely Green by 2025

The fast food giant also aims to recycle guest packaging in all its restaurants by then, compared with only 10 percent of its restaurants now. Last spring, 32 per cent of McDonald's shareholders voted for a resolution to end the use of containers made from polystyrene, known as foam in the US.

Business Will Bank of America Corporation (BAC) Run Out of Steam Soon?
Author: 0 Will Bank of America Corporation (BAC) Run Out of Steam Soon?

The institutional investor held 989,318 shares of the major banks company at the end of 2017Q3, valued at $25.07M, down from 1.00 million at the end of the previous reported quarter. Hutchin Hill Cap Ltd Partnership owns 27,100 shares for 0.03% of their portfolio. Douglass Winthrop Advisors Ltd Llc has 0.03% invested in Bank of America Corporation (NYSE: BAC ).

Author: 0 Korea to Curb Cryptocurrency Speculation, but to Support Blockchain R&D

Bitcoin was on a free fall Tuesday, reaching below USD12,000 for the first time since December 5, amid reports that China is stepping up crackdown on cryptocurrency "Exchange-Like Services.". "We do not think that the complete banning of cryptocurrencies is possible". Still, it's a long way before Ethereum can usurp Bitcoin's dominance of the market with the latter commanding a market cap of over $200 billion.

Business Modi slams Congress for 'false promises'
Author: 0 Modi slams Congress for 'false promises'

The project will generate employment in the state as well. "We have to identify our targets and work towards achieving them by 2022, when we mark 75 years of freedom", he said, adding that the 9 million tonnes per annum (MTPA) refinery too would be completed by 2022.

Business Google building three underwater cables to expand Cloud, compete with Amazon
Author: 0 Google building three underwater cables to expand Cloud, compete with Amazon

The company says five new regions are to come on stream beginning the first quarter of 2018 with the Netherlands and Montreal, followed by Los Angeles, Finland and Hong Kong. Facebook , Aqua Comms, and Bulk Infrastructure are also involved in the development of the cable, which will be built by TE Subcom and is due for completion in 2019.

Business Singapore, Malaysia sign railway deal
Author: 0 Singapore, Malaysia sign railway deal

LTA says the RTS Link will adopt standards for rolling stock, signalling communications and integrated control from Singapore's Thomson East Coast Line (TEL), which will interchange with the RTS Link at Woodlands North. The RTS Link is to cross the Straits of Johor via a 25 m high bridge, and would then go underground to reach Woodlands North station in Singapore .

Business Citigroup reports steep fourth quarter losses tied to U.S. tax reform
Author: 0 Citigroup reports steep fourth quarter losses tied to U.S. tax reform

Citigroup , the fourth-largest USA bank by assets, said it expects to benefit in future quarters from the new tax law as its tax rate falls to about 25% in 2018 from 30% in 2017. Excluding the tax switcheroo, the company would have made $1.28 per share compared to $1.19. Loans that the bank considers to have doubtful repayment potential, also known as non-accrual loans, declined 17% to $4.8 billion, with consumer non-accrual loans declining 15% and corporate non-accrual loans declining 20%.

Business Premier Foods posts third quarter sales increase
Author: 0 Premier Foods posts third quarter sales increase

Gavin Darby, chief executive, said: "We delivered another good quarter of growth, with sales up 4.0% in Q3 and +2.6% in the first three quarters of the year". Another of Premier's star performers over the festive quarter was dessert food Angel Delight, which saw sales leap 30 per cent higher after the introduction of ready-made pots past year.

Business BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill
Author: 0 BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill

The oil giant said it expects to spread the impact of the charge over multiple years. The charge announced on Tuesday is related to a court-supervised settlement program after a class-action lawsuit to resolve claims for business losses and other claims related to the oil spill.

Business Personal Group Holdings plc (PGH) Insider Buys £1039.70 in Stock
Author: 0 Personal Group Holdings plc (PGH) Insider Buys £1039.70 in Stock

About 900,173 shares traded. Humana Inc. (NYSE:HUM) has risen 35.38% since January 16, 2017 and is uptrending. It has underperformed by 11.43% the S&P500. The rating was maintained by Peel Hunt on Wednesday, November 23 with "Buy". Lvm Capital Management Ltd acquired 2,085 shares as Amgen (AMGN)'s stock declined 9.68%.

Business More Snow Expected Monday Afternoon Into Tuesday
Author: 0 More Snow Expected Monday Afternoon Into Tuesday

Highs today will likely be in the mid and upper 20's. 6/10 (↑): The little system that could should give us up to an inch or two tonight , and that is about it for a while. A few slick spots will remain possible overnight and for the early morning commute. A few late day rain showers are possible. With this warm up, we will see scattered snow showers develop in the afternoon and evening.

Author: 0 Walt Disney Co (DIS) Shares Sold by RDL Financial Inc

It has underperformed by 7.44% the S&P500. Joseph Edelman increased its stake in Aldeyra Therapeutics Inc (ALDX) by 6.93% based on its latest 2017Q3 regulatory filing with the SEC. Burney Co, which manages about $1.33B and $1.54B US Long portfolio, upped its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 8,380 shares to 19,820 shares, valued at $2.01 million in 2017Q3, according to the filing.

Business December CPI inflation over 5.2%, dashing hopes of RBI rate cut
Author: 0 December CPI inflation over 5.2%, dashing hopes of RBI rate cut

Data released last week showed that retail inflation breached the RBI's comfort level to touch 5.21% in December on rise in prices of food items, especially vegetables. But the Office for National Statistics (ONS) said it could not yet declare that inflation was definitely on the slide. There were mixed signals on inflationary pressures in the wider economy: Prices charged by companies at the factory gate rose 3.3% on year in December-a faster annual rate than the previous month.

Business Ireland set for more bad weather as WINTER STORM approaches
Author: 0 Ireland set for more bad weather as WINTER STORM approaches

Over Scotland, winds generally should be lighter, but here you'll see snow rather than rain, with heavy, falls possible in the central and northern areas depending on the depressions track. There is also a small chance that power cuts will occur. "In addition, large waves are expected to affect some western coasts with beach material being thrown onto sea fronts, coastal roads and properties".

Author: 0 Franklin Floating Rate Trust (NYSE:FRT) Institutional Investors Q3 2017 Sentiment

Presently, Digital Realty Trust (DLR) has a 14-day Commodity Channel Index (CCI) of -214.03. The stock decreased 2.00% or $2.16 during the last trading session, reaching $105.78. Checking in on some valuation rankings, Digital Realty Trust, Inc. (NasdaqGM:TNTR) has a Value Composite score of 96. (NYSE:DLR). 406,576 were accumulated by Resolution Ltd.

Business IDFC Bank, Capital First to merge; Vaidyanathan to head merged entity
Author: 0 IDFC Bank, Capital First to merge; Vaidyanathan to head merged entity

Chairman V. Vaidyanathan, who earlier built the successful retail business at ICICI Bank, has grown a $3.5 billion loan book extending small sums to entrepreneurs and the emerging middle class. These Indian lenders, both in a hurry to grow, are banking on it. V Vaidyanathan, who is now Chairman and MD of Capital First , will become the Chairman and Managing Director of the combined entity upon completion of the merger and necessary regulatory approvals.

Author: 0 Eureka construction company in liquidation

It was announced this morning that Carillion , which employs 19,500 people in the United Kingdom, would initiate insolvency proceedings. A spokesman from the PPF said: "We want to reassure members of Carillion's defined benefit pension schemes that their benefits continue to be protected by the PPF and will continue to be protected if or when their scheme enters the PPF assessment period".