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Gulf project awards slumped in H1 but will pick up -MEED study
DUBAI, Aug 19 (Reuters) - Contracts awarded to build
economic projects in the Gulf's rich Arab oil exporting states
slumped in the first half of this year but are expected to pick
up in the second half, a data service tracking the industry said
NuTonomy hopes for Q2 2018 launch of paid Singapore self-driving car rides
SAN FRANCISCO, Aug 18 (Reuters) - U.S. self-driving car
startup NuTonomy and southeast Asian ride services partner Grab
hope to turn a test pilot in Singapore into a paid, commercial
service as soon as the second quarter of next year, NuTonomy
Chief Executive Karl Iagnemma said on Friday.
Fitch upgrades Greece's debt one notch to B-
Fitch Ratings late Friday upgraded its rating on Greece's sovereign debt one notch to B-, from CCC, with a positive outlook, saying that country's economy is "gradually recovering" and public finances are improving. The country's debt sustainability "will steadily improve," underpinned by on-going compliance with the terms of the European Stability Mechanism program, and reduced political risk, sustained GDP growth, and additional fiscal measures to take effect through 2020, Fitch said in a statement. The B-rating is "highly speculative." Greece last month returned to the bond market for the first time since 2014, selling 3 billion euros of five-year bonds, on offer that was oversubscribed. Ratings agency Moody's Investors Service in June also upgraded Greece's debt. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Matson's stock suffering biggest-ever selloff after new competition concerns prompt downgrades
Shares of shipping company Matson Inc. were suffering the biggest selloff since they started trading in January 1972, amid concerns over a new competitor to its West Coast-to-Hawaii shipping business. The stock's price drop of $7.09, or 24%, was shaving about 43 points off the Dow Jones Transportation Average , which was up 3 points in midday trade. The selloff topped the previous record of the $6.76, or 16.2%, drop on Nov. 8, 2016, according to FactSet data. TOTE Inc. announced Thursday plans to establish a new domestic shipping service to Hawaii, with plans to use new environmentally advanced containerships in 2020. Stephens Inc. analyst Jack Atkins downgraded Matson to equal weight from overweight and slashed his stock price target to $23 from $36, citing competition concerns in Matson's core shipping lane. "If it materializes, we think this could be a material headwind to profitability and, as such, we would anticipate significant multiple contraction for MATX in the interim and an extended period of volatility and uncertainty for the stock," Atkins wrote in a note to clients. Wells Fargo's Michael Webber downgraded Matson to underperform from market perform and cut his target to $22 from $35. The stock has tumbled 37% year to date, while the S&P 500 has gained 8.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
YouTube TV expands to 14 new markets, partners with Sinclair stations
(Reuters) - Alphabet Inc's Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday.
ABC signs former 'Lost' showrunner Carlton Cuse to multi-year deal to create new shows
Walt Disney Co. TV network ABC said on Wednesday it's signed a multi-year deal with former "Lost" co-showrunner Carlton Cuse to create and produce new shows across all network, cable and streaming platforms. The news comes days after "Grey's Anatomy" and "Scandal" creator Shonda Rhimes was poached by Netflix Inc. from ABC, which was expected to be a blow to the network. "Forming a partnership with a writer/producer/director as talented and prolific as Carlton Cuse is a major victory for ABC Studios," president of ABC Studios Patrick Moran said in a statement. The Hollywood Reported wrote that the deal is said to be a worth more than $20 million, plus a percentage of the back-end on programming created under the partnership. Cuse spent six years at ABC with "Lost" and has since created shows such as "Bates Motel" and "The Strain." His current show "The Colony" was recently renewed for a second season on USA, and he also wrote the screenplay for "San Andreas," starring Dwayne Johnson. This new partnership comes as Disney gears up to launch its own stand alone streaming service to house its content by 2019. "I am very excited to be working alongside wonderful and iconic Disney brands like Marvel, Pixar and Lucasfilm to create and bring entertaining and compelling stories to the screen." Cuse said in a statement. "The very best part of my job is working with other writers to come up with cool ideas, solve story problems and get stories made." Shares of Disney are down 2% in the year to date, while the S&P 500 index is up more than 10%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Russian ex-economy minister Ulyukayev says charges against him "fabricated"
MOSCOW, Aug 16 (Reuters) - Russia's former economy minister
Alexei Ulyukayev said in court on Wednesday that the charges in
the bribery case against him were fabricated and accused Igor
Sechin, the chief executive of oil giant Rosneft, and the FSB
security service of carrying out a "provocation."
BRIEF-Service Experts acquires Aramendia Plumbing, Heating & Air
Enercare Inc(CSUWF): * Service Experts acquires Aramendia Plumbing, Heating & Air in San Antonio. * Says deal for US$24 million. * Says Aaramendia will continue to operate as Aramendia from locations on Brewster Drive in San Antonio and Powerhouse Street in McKinney, Texas Source text for Eikon: Further company coverage:
Can't wait for delivery? Amazon offers instant pickup
Need some chips fast? Amazon has you covered. The Seattle-based company launched a new service Tuesday that lets Prime members pick up snacks, cold drinks or phone chargers within two minutes of ordering them online.
Average Fico Drops in Nissan’s Latest ABS Issuance
The weighted average Fico score in Nissan Motor Acceptance Corp.’s latest securitization dropped 3 points to 772 — as compared to the captive’s previous transaction — yet still ranks among the highest credit quality of issuances that Moody’s Investors Service has rated, according to the presale report released last week.Read More
Second-hand online retailer Poshmark in talks to raise funding -sources
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, people familiar with the matter said on Monday. The round will test investor appetite for a new wave of e-commerce companies that replace traditional second-hand stores and thrift shops.
Facebook expands Marketplace trading service across Europe
Facebook(FB) is stepping up its modest moves into e-commerce by expanding its service for connecting local buyers and sellers into 17 new European markets, the U.S. company said on Monday.
Target buys tech company to help it offer same-day delivery
NEW YORK (AP) — Target is buying a delivery logistics company to help it offer same-day delivery service to in-store shoppers.
Hulu chooses Amazon Web Services as cloud provider for platform
Media streaming service Hulu Inc. chose Amazon Web Services as its cloud provider and used it to support the launch of its live TV service, Amazon said Monday. Hulu launched its live TV service in May 2017 and said it teamed up with the AWS cloud platform to support the addition of more than 50 live channels. Using AWS helped the company avoid breaks in service, even with "rapid spikes in viewership and traffic," according to the press release. Other media services on AWS include Amazon Video, Netflix Inc. , BBC and Spotify. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Aldi to offer grocery delivery service in 3 US cities
Expanding no-frills grocer Aldi to offer grocery delivery in three American cities by the end of the month
Cash-strapped SoundCloud gets new funds and top management
FRANKFURT (Reuters) - SoundCloud has received a "substantial" round of investment, the online music streaming service said on Friday, insulating it from potentially running out of cash later this year.
UPDATE 1-Cash-strapped SoundCloud gets new funds and top management
FRANKFURT, Aug 11 (Reuters) - SoundCloud has received a
"substantial" round of investment, the online music streaming
service said on Friday, insulating it from potentially running
out of cash later this year.
Cash-strapped SoundCloud receives new funding; CEO to step aside
FRANKFURT (Reuters) - SoundCloud has received a "substantial" new round of investment, the company said on Friday, insulating the popular online music streaming service from potentially running out of cash later this year, after laying off 40 percent of its staff in July.
BRIEF-Trican reports Q2 net income per share $0.03
Trican Well Service Ltd(TOLWF)- * Trican reports second quarter results for 2017 and updates 2017 capital program. * Q2 revenue c$137.2 million. * Q2 revenue view c$98.3 million -- Thomson Reuters I/B/E/S. * Trican Well Service Ltd(TOLWF) qtrly net income per share $0.03. * Trican Well Service Ltd (TOLWF) says expects to spend approximately $25 million on capital equipment during second half of 2017.
Postal Service: More red ink, missed payments as mail slumps
The U.S. Postal Service is warning that it will likely default on up to $6.9 billion in payments for future retiree health benefits for the fifth straight year.
Postal Service calls for pricing hike as losses mount
USPS' third quarter net loss totaled $2.14 billion, deepening from a loss of $1.57 billion a year ago.
Cinema stocks continue to suffer as AMC shares fall nearly 5%
Shares of cinema chain AMC Entertainment Holding Inc. were down as much as 4.8% during intraday trade on Thursday. The stock's move led a selloff in the cinema group, with Regal Entertainment Group , Cinemark Holdings Inc. , Marcus Corp. and Imax Corp. were all down nearly 2%. There was no news to point to for the share moves, but cinema stocks, and AMC in particular, have had a rough go of it recently as poor box office returns have dominated headlines, dragging down quarterly earnings and threats of shrinking theatrical windows and digital disruption continue to loom. Earlier this week, Walt Disney Co. , which has for a long time steered clear of certain streaming shifts, said it plans to launch its own standalone streaming service for its content in 2019 and end its current licensing deal with Netflix Inc. . "The industry is facing several issues, which is causing people to question the cyclical vs. structural issues for the industry," wrote MKM analyst Eric Handler in an email. Also this week AMC said it was selling its 50% ownership stake in Oscar-winning production studio Open Road Films, which it co-owned with Regal Entertainment. The sale was part of the theater chain's plan to monetize some of its assets and cut cost to combat box office volatility. Shares of AMC have declined more than 56% in the year to date, while the S&P 500 index is up nearly 10%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
SalesMarines Program To Enable PSA Members Hire Military Veterans
PSA announced a partnership with Matterhorn Consulting to enable PSA members to hire their next generation talent from military veterans who have served our country. As part of PSA’s Business Solutions program, Matterhorn Consulting has provided PSA with experienced consulting, thought leadership and training content for the last 14 years.
Military Veteran Employment Opportunities
The Veteran Hiring Program, SalesMarines, is a new service from Matterhorn Consulting that helps veterans from the United States military find employment, matching up employers’ needs with veterans’ skill sets. The team is led by Paul Boucherle, a Marine Corps veteran who served during the Vietnam War. His first-hand experience with the military has motivated him to help veterans transition their military skills into the civilian workplace.
“Implementing a Veteran Hiring Program (VHP) can be very challenging for many PSA owners and we...
General Motors' Maven Gig expanding to LA, other US cities
General Motor' Maven Gig service launches in Los Angeles as part of US expansion
Former exec settles with matchmaking service over bad dates
A retired corporate executive says in a lawsuit that a high-end matchmaking service set her up with a string of highly unsuitable suitors, including men who were married, mentally unstable or felons.
Postal Service may get more freedom to raise stamp prices
Buffeted by threats from Amazon drones to deliveries by golf cart, the beleaguered U.S. Postal Service is counting on a different strategy to stay competitive: more freedom to raise prices on mailing letters.
Disney, Goldman stocks exact steeper toll than North Korea on Dow
The Dow Jones Industrial Average is being weighed down by a steep drop in shares of Walt Disney Co., and Goldman Sachs Group Inc., in early trade Wednesday. Disney's shares were contributing to a 35-point slump in the price-weighted blue-chip equity gauge, representing the lion's share, or more than half, of the benchmark's early morning retreat. Goldman's stock , meanwhile, was sapping about 12 points from the Dow. All totaled, the pair exacted a nearly 50-point toll on the blue-chip average. Wall Street also is reacting to a flare-up in military tensions after North Korea threatened to launch a missile strike aimed at U.S. territory Guam, underlining deteriorating relations between Washington and Pyongyang. Still, the majority of the slide in the Dow appeared to be largely pegged to Disney's late-Tuesday announcement, along with quarterly earnings, that it would launch an ESPN streaming service in 2018 and a direct-to-consumers offering in 2019, as it ends its distribution deal with Netflix Inc. . Overall, the Dow was off 50 points, or 0.2%, at 22,035, while the S&P 500 index was trading 0.2% lower at 2,469, and the Nasdaq Composite Index was 0.5% lower at 6,340. Mounting political tensions have cast a downbeat shadow over markets but the decline so far appears to be relatively muted. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Disney to pull movies from Netflix, plans own streaming service
(Reuters) - Walt Disney Co will stop providing new movies to Netflix Inc starting in 2019 and launch its own streaming service as the world's biggest entertainment company tries to capture digital viewers who are dumping traditional television.
Disney to pull their movies from Netflix, launch streaming service
Disney is announcing plans to launch its own direct-to-consumer entertainment streaming service — and removing its films from would-be rival Netflix — in its third quarter earnings release.
Disney to pull new movies from Netflix, plans own streaming service
(Reuters) - Walt Disney Co will stop providing new movies to Netflix Inc starting in 2019 and launch its own streaming service as the world's biggest entertainment company tries to capture digital viewers who are ditching traditional television.
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