Business

Business GKN to return £2.5bn to shareholders up to 2020
Author: 0 GKN to return £2.5bn to shareholders up to 2020

Last month, GKN received a "preliminary and unsolicited proposal from Melrose" valuing the business at 405p per share, a 24% premium to its closing price on 5 January of 326p. It also vowed to pay out an average of 50% of free cashflow in dividends between 2018 and 2020. It expects aerospace operating margins to rise from 10.3 per cent previous year to over 14 per cent, in driveline from 7.5 to 9.5 per cent, with the group return rising from 7.4 to more than 10.5 per cent.

Business Credit Suisse cushions image blows with hard cash
Author: 0 Credit Suisse cushions image blows with hard cash

Chief Executive Tidjane Thiam , who agreed to accept a lower bonus for 2016, in November said that bankers shouldn't expect a big raise for 2017 as Credit Suisse emerges from two years of restructuring and cost cuts. The stock was up by 2.5 percent in early European trading on Wednesday. But even without the changes in USA law since the end of previous year, the bank is unlikely to show signs of improvement.

Business Salon to use readers' computers to mine cryptocurrency
Author: 0 Salon to use readers' computers to mine cryptocurrency

After I disabled Salon's cryptocurrency mining , my idle CPU power went back up to a more typical 70 to 80 percent. Readers who suppress ads with a blocker now see a pop-up that asks them if they will give Salon access to their computers' unused processing power to mine digital currencies.

Business Surprise arrest of Lotte Chairman creates leadership vacuum, shares down
Author: 0 Surprise arrest of Lotte Chairman creates leadership vacuum, shares down

The surprise jailing of Lotte Group Chairman Shin Dong-bin on bribery charges has thrown one of South Korea's biggest chaebols into further disarray. "Lotte's Korea business is safe from a battle over management control, but there are risks remaining in the Japan business since Shin Dong-bin has to step down", said Park of CEOScore.

Business CommBank launches platform for easy payments
Author: 0 CommBank launches platform for easy payments

The NPP began as an industry-wide collaborative program to develop new, fast, flexible and data-rich payments infrastructure for Australia. "This overhaul of the payments system means Australians will no longer have to wait for bank transfers and payments to arrive in their account", Treasurer Scott Morrison said.

Business Led Group Gets Stake In ADNOC Offshore Oil Concession
Author: 0 Led Group Gets Stake In ADNOC Offshore Oil Concession

The other members of the ONGC Videsh led consortium was Indian Oil Corporation and Bharat Petroleum Resources Ltd. The consortium, led by India's ONGC Videsh, contributed a participation fee of Arab Emirates Dirham (AED) 2.2 billion ($600 million) to enter the concession.

Business History made as Germany'y Laura Dahlmeier does the sprint-pursuit biathlon double
Author: 0 History made as Germany'y Laura Dahlmeier does the sprint-pursuit biathlon double

This makes her the first female biathlete to win the sprint and pursuit double at the same Olympics. Slovakia's Anastasiya Kuzmina was 29.4 seconds behind, beating Anais Bescond of France for the silver medal. "At the range I felt really comfortable, I know I have good standing shooting, so I looked to my targets, I wanted to hit the middle and it worked", Dahlmeier said.

Business Shopian firing: SC quashes FIR against Major Aditya Kumar
Author: 0 Shopian firing: SC quashes FIR against Major Aditya Kumar

The bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud issued notices to the Centre and the Jammu and Kashmir government, asking them to reply within two weeks. That is a question for investigations, and more importantly, trial. The Army officer's petition claimed that the firing, which took place on January 27, was undertaken to control "a savage and violent mob engaged in terrorist activity" and that the FIR violated the fundamental rights of his son.

Author: 0 Fox offers pledge on Sky News independence to clinch takeover bid

Fox said its so-called "firewall remedies" would provide a commitment that "no employee or officer of 21st Century Fox , or a member of the 21st Century Fox board who is a trustee or beneficiary of the Murdoch Family Trust, will influence or attempt to influence the editorial choices made by the head of Sky News ".

Business Priya Prakash Varrier: The girl who became sensation on Social media
Author: 0 Priya Prakash Varrier: The girl who became sensation on Social media

Originally composed by Thalassery K Refeeque with lyrics by PMA Jabbar , Manikya Malaraya Poovi has been remixed by Shaan Rahman - and sung by Vineeth Sreenivasan - adding the song a fresh new tempo. And no wonder she aces her expressions. She has an active Facebook and Instagram account. Her Instagram bio says "Sigue tus sueños y ellos encontrarán su camino" which means "Follow your dreams and they will find their way".

Business Unilever threatens online ad cuts to push for a less harmful internet
Author: 0 Unilever threatens online ad cuts to push for a less harmful internet

Unilever, an Anglo-Dutch consumer-goods giant which owns brands like Marmite , Dove, Persil and PG Tips, is the world's second-biggest spender on marketing, according to the Financial Times . Unilever is not investing in environments or platforms that are not protecting children or that are creating division in our society, and promoting hate or anger, he is planning to say.

Business Salman Khan, Sonakshi Sinha to reunite for special number before Dabangg 3
Author: 0 Salman Khan, Sonakshi Sinha to reunite for special number before Dabangg 3

However, looks like Sonakshi and Salman couldn't wait for that long to share the screen space as they will be seen together in Sonakshi's upcoming film, Welcome To New York . While Salman, on the other hand, enacts the hook steps of his popular films including Dabangg , Sultan and Wanted . Produced by Pooja Films and Wiz Films and Directed by Chakri Toleti, Welcome To New York releases worldwide on February 23rd, 2018.

Author: 0 Portland General Electric Company (POR) EPS Estimated At $0.65

Narrowing in a bit closer, the 5 month price index is 0.85391, the 3 month is 0.84528, and the 1 month is now 0.94600. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate's stock worth $16,212,445,000 after purchasing an additional 3,297,890 shares during the last quarter.

Business The Coca-Cola Co (KO) Shares Bought by Cornerstone Capital Inc
Author: 0 The Coca-Cola Co (KO) Shares Bought by Cornerstone Capital Inc

Zwj Investment Counsel Inc who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $183.76B market cap company. (NASDAQ:AMZN). Lee Danner & Bass holds 1.08% or 10,476 shares. North Dakota-based Invest Centers Of America has invested 0.15% in Walmart Inc. (NASDAQ:AMZN) or 851 shares.

Business Equity indices rise on global cues, Sensex over 200 points
Author: 0 Equity indices rise on global cues, Sensex over 200 points

Major Sensex gainers on Monday were: Tata Steel , up 4.22 per cent at Rs 712.50; Yes Bank, up 2.89 per cent at Rs 334.95; Power Grid, up 2.51 per cent at Rs 198.05; IndusInd Bank, up 2.12 per cent at Rs 1,686.45; and Hero MotoCorp, up 1.94 per cent at Rs 3,615.

Business Twitter enjoys first quarterly profit in history
Author: 0 Twitter enjoys first quarterly profit in history

Although they were profitable, their net income was not high ($91 million). Twitter had forecast a quarterly profit for Q4 2017 as it cut down on expenses. Reportedly as of right now, Twitter has 330 million users, which is about the same number they reported in the previous quarter. The company reported fourth quarter revenue of $732 million, an increase of 2% year-over-year.