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http://www.theguardian.com/artanddesign/2012/jun/19/chris-ofili-royal-ballet-titian | http://web.archive.org/web/20150808114816id_/http://www.theguardian.com/artanddesign/2012/jun/19/chris-ofili-royal-ballet-titian | Actaeon stations: Chris Ofili and the Royal Ballet | 20150808114816 | Chris Ofili comes with a seemingly gold-plated reputation: 1998 Turner prize winner, British representative at the 50th Venice Biennale, paintings held in some of the world's great collections. But two years ago, when he agreed to design a new production for the Royal Ballet, he suffered a flash of paranoia. "I was genuinely scared," he says. "If you fall flat on your face there, you break every bone in your body. You're not going to walk away."
And Ofili could think of a dozen reasons why he might fail. During most of his career, he had worked as a solitary and self-contained artist. He had never created designs for the stage before, let alone for ballet; and he'd certainly never been involved in an enterprise that promised – or threatened – to be as vast, crowded and competitive as Metamorphosis: Titian 2012.
Metamorphosis is the brainchild of the National Gallery curator Minna Moore Ede, who felt the Cultural Olympiad should be marked by some kind of grand Diaghilevean multi-genre collaboration. As a starting point, she proposed three Titian masterpieces depicting stories from Ovid's epic poem Metamorphoses: Diana and Actaeon, The Death of Actaeon, and Diana and Callisto. To accompany the literary strand of the project, in which three poets are writing contemporary responses to the works, the Royal Ballet is creating a three-part Titian ballet, with designs by a trio of major artists.
Moore Ede was determined to bring together radically different artists. She believed the scale and energy of Ofili's paintings made him a natural choice, but to offset his work's bacchanalian life force, she opted for the very precise sensibility of sculptor Conrad Shawcross, and a wild card in the form of the reliably unpredictable conceptual artist Mark Wallinger.
Already, that trio added up to an irrepressible mix. But Monica Mason, the Royal's director, had even bigger ambitions. Due to retire at the end of this July, she wanted Metamorphosis to be a farewell present to the seven choreographers with whom she had worked most closely, dividing them into a trio and two pairs. Three very different musical talents – Jonathan Dove, Nico Muhly and Mark-Anthony Turnage – were then asked to compose a score for each part.
"Until the curtain goes up," says Moore Ede, "no one has any idea how it will work." Ofili, speaking at the Victoria Miro gallery in London, can't wait. "This audience is really going to get their money's worth," he says, grinning. "I like Monica's attitude: 'I'm leaving now, so it's all yours. Make a mess and tidy up after yourselves.'"
Ofili was less jokey when he was first teamed up with his three choreographers: Will Tuckett, Liam Scarlett and Jonathan Watkins. He admits to deliberately stalling his way through most of the first year.
"I felt it just wasn't my world. I didn't have anything significant to contribute that wouldn't make me utterly embarrassed." Not only was he inhibited by his ignorance of ballet design, he was daunted by having to measure up to the Titians, feeling that, as the only contemporary painter involved, his work would be most directly compared to the master's. "Honestly, it felt like lambs to the slaughter."
So he turned to Titian's source material: Ovid's story about the young hunter Actaeon, who spies on the virgin goddess Diana while she is bathing with her nymphs; as a punishment, he is turned into a stag and torn apart by his own hounds. Ofili found it a "genuinely gripping read. All of its themes – desire, temptation, pride, beauty, the joy of the kill – felt relevant. The project got into my veins as a story." His confidence was boosted by his first serious meeting with the choreographers, who were all interested in staying close to Ovid's narrative. "We got on well, and it was easy to decide between us which were the most important elements of the story."
Ofili produces a photograph of the backdrop he designed. On one side is Diana, standing beneath her signature crescent moon and a giant curving phallus ("the male burden of desire"). On the other side, nymphs ripple upwards from a bubbling stream. Figures, landscape and symbolism metamorphose into each other with a fluidity reminiscent of Blake, an artist Ofili regards as one of his "torchbearers". But the design is also influenced by the landscape of Trinidad, where Ofili now lives. "There are waterfalls there that lie deep in the forest," he says. "Often when I go walking there, I hear voices of people I can't see." It made him think of Actaeon walking through a forest that was alive with his own sexual fantasies.
Most artists leave the actual painting of the backdrop to professional set-painters. But Ofili opted to do it himself, by hand. "The scale is amazing," he says. "When you first see the stage, that's what gives you the clutch in the intestines." It took him four weeks and the technical staff at the Royal Opera House thought he was mad. Yet, says Ofili, "hands down, it was one of the best painting experiences of my life".
He had an equally good time with the costumes. His first instinct was to take inspiration from Picasso and the "crazy" sculptural creations he created for Erik Satie's 1917 cubist ballet Parade. But the more time Ofili spent around the Royal's dancers, the more he wanted to ensure they could move freely. "I wanted them to feel comfortable, so they could push themselves."
He opted for all-in-one leotard and tights, customised for each character with head-dresses, cloaks, jackets, body hair, and handheld puppet heads for the hounds. He regards the work of the costume department, who converted his sketches into moving, breathing outfits, as little short of genius. But it's the dancers who impressed him most. "One night," he says, "I was standing in the wings and this girl came off stage. She'd looked amazing while she was dancing: shiny and happy. But as she came off she was crying. She said she was in agony, she had flu, she had a new baby and her nose was running like a little child's. Then she went back on and the light just flushed back into her. I thought, 'This is extraordinary.'"
Their bodies fascinate Ofili, too. Marianela Núñez is dancing Diana and he has become obsessed by her back. "The muscles are so alive, so expressive – it's like a face." As for the dancers' feet, he winces at the thought of all the blisters, blood and bunions he has witnessed. "Don't get me started. I had no idea feet could look like that."
When the project was first proposed, Ofili fretted about spending so much time away from work he was already absorbed in. "I knew it was going to be a huge brain-drain." But the intimacy and the fun of collaboration have been a revelation; he hadn't realised how much he would learn, nor how natural the transition from studio to theatre would eventually feel. "Working for the stage," he says, "you're playing a game of pretend. The curtain opens, the audience is absorbed for a period of time. That's very close to what I do as a painter. I make stuff up and invite people to look at it, and then off they go. I like that. I like how simple it is. I like how very wonderful it can be."
The balletMetamorphosis: Titian 2012 is at the Royal Opera House, London WC2 (020-7304 4000), in rep 14-20 July
The exhibitionThe Titians will be shown at the National Gallery, London WC2, with sets and costumes created for the ballet from 11 July to 23 September
The screeningThe 16 July performance will be simultaneously relayed to a large screen at Trafalgar Square, and to 18 other venues across the UK | Chris Ofili has spent two years creating sets and costumes for an epic ballet inspired by Titian masterpieces. What did he learn? In a rare interview, the artist talks to Judith Mackrell | 46.085714 | 0.8 | 1.2 | high | medium | abstractive |
http://www.9news.com.au/world/2015/08/08/02/21/france-hunts-for-more-mh370-debris | http://web.archive.org/web/20150808142853id_/http://www.9news.com.au/world/2015/08/08/02/21/france-hunts-for-more-mh370-debris | France hunts for more MH370 debris | 20150808142853 | France has launched a hunt for more wreckage from the ill-fated MH370 plane off Reunion island, in a fresh effort to shed light on one of aviation's biggest mysteries.
The tiny French Indian Ocean territory has been under intense scrutiny since a beach cleaner found a washed-up wing part last week, which Malaysian Prime Minister Najib Razak later declared was part of the Boeing 777 that mysteriously vanished 17 months ago.
The flaperon is currently being examined by experts in France for clues as to the last moments of the Malaysia Airlines aircraft that inexplicably veered off course en route from Kuala Lumpur to Beijing, and there are hopes that Reunion may yield more debris.
In nearby Mauritius, authorities are also searching for any possible plane parts that may have landed on their shores.
Dominique Sorain, the top government official in Reunion, told reporters that a military transport plane was patrolling the seas off the coast and a ship had also departed before being forced to return due to bad weather.
He added that helicopters would also be used, as would soldiers and policemen who will patrol the eastern part of the island where the flaperon was discovered.
"This... will last a week, after which we will draw our first conclusions," Sorain said.
The wing part authorities now believe came from MH370.
Since the discovery of the two-metre-long flaperon last week, people on the island have come forward with other objects they think may look like plane parts.
Sorain said some of these objects had been sealed while waiting for experts to determine whether they really are bits of aircraft or not.
He said some of the objects were "the size of a finger."
"The flaperon looked a lot like a part from a Boeing, but for small elements it's much more complex."
Malaysian Transport Minister Liow Tiong Lai said Thursday that more possible MH370 objects - aircraft seat cushions and windows - had been discovered on Reunion island, but that any link "had to be verified by the French authorities."
A French judicial source however said French investigators had not received any new items.
The Boeing 777 disappeared on March 8 last year, sparking the largest multinational search operation in history, now focused on the southern Indian Ocean based on satellite data hinting at the plane's path.
Do you have any news photos or videos? | Crews from France have launched a fresh search for debris from flight MH370, in a bid to shed light on what happened to the commerical carrier. | 16.464286 | 0.75 | 1.535714 | medium | low | mixed |
http://fortune.com/2013/12/04/localytics-apples-ipad-air-was-last-weekends-big-winner/ | http://web.archive.org/web/20150809212036id_/http://fortune.com/2013/12/04/localytics-apples-ipad-air-was-last-weekends-big-winner/ | Localytics: Apple’s iPad Air was last weekend’s big winner | 20150809212036 | FORTUNE — There are several curious findings in Localytics’ attached chart comparing the post-Black Friday/Cyber Monday presence of various devices on its analytics network with their presence the previous week.
That Apple’s AAPL new iPad Air grew the most (51%) is not terribly surprising. But who would have guessed that…
METHODOLOGY: For this report, Localytics compared more than 1 million new devices in the U.S. for Black Friday weekend against the previous weekend. | But who would have guessed that the old iPad Mini would come in second? | 5.933333 | 0.666667 | 2.666667 | low | low | mixed |
http://www.bostonglobe.com/business/2015/07/30/gemvara-pins-hopes-resetting-old-stones/VgyshTf2cUzBJNLZ13IV6M/story.html | http://web.archive.org/web/20150810172314id_/http://www.bostonglobe.com/business/2015/07/30/gemvara-pins-hopes-resetting-old-stones/VgyshTf2cUzBJNLZ13IV6M/story.html | Gemvara pins hopes on resetting old stones | 20150810172314 | Building an e-commerce business is not for the faint of heart. The Internet makes it possible to sell more things to more people than ever, but online retailers can also find themselves collecting millions of dollars in revenue without getting anywhere near consistent profits.
Gemvara Inc. knows that story well. Started by Babson College students in 2006, the Boston jewelry seller has tried to make a dent in the business by letting shoppers customize their baubles online.
Venture capitalists have invested more than $60 million in it, including a $12 million round that Gemvara quietly added last year. It’s been through four chief executives, with cofounder Matt Lauzon holding the job twice. Gemvara once had about 80 employees between offices in New York and Boston, but has suffered through layoffs, most recently last year.
“Getting people confident in jewelry is not easy,” said Matt Nichols, who took the CEO job early this year. “Particularly going online and going away from their local jeweler — despite how much they may not really like their local jeweler. There’s so much unknown.”
Nichols thinks he has found a promising new avenue to expand Gemvara’s customer base, however. Instead of coaxing shoppers to buy new gemstones, the company hopes to make money from consumers who want to reset an old stone in a new ring, necklace, or earring. A customer can order a free, insured shipping kit and then mail the company the older item with instructions on how to incorporate it into a new design.
It started as an experiment, but Gemvara says the consumer response has been promising. In early June, only a handful of people were requesting the kits. “And in a matter of weeks, that went from five or 10 a day to 100 or 150 a day,” Nichols said.
Gemvara is now devoting most of its resources to expanding the resetting business. Its online shopping sites will remain in place but will operate mostly on autopilot as the company’s roughly 55 employees focus on beefing up the resetting business, Nichols said.
“We have to continue to find new ways to expand Gemvara, and that’s what it comes down to,” Nichols said. “We’ve sold jewelry to well over 50,000 people, and the more ways we find to give them more follow-on products and services, the better.”
Twenty years after Amazon.com went online, the jewelry sector remains relatively untouched by e-commerce. Seattle-based Blue Nile Inc. is the largest company devoted to online jewelry sales, but its revenue of more than $473 million last year represented less than 1 percent of the nearly $69 billion US jewelry market, according to industry analyst Edahn Golan.
Gemvara doesn’t disclose detailed financial results, but its sales since January have it on pace for a projected $20 million in revenue this year, Nichols said. The company isn’t yet profitable, but has cut its expenses in half from last year, he said.
The central idea behind Gemvara — creating your own jewelry by using online design tools — may not translate well for an expensive purchase like precious stones, said Joe Pine, a business consultant and analyst who has studied mass customization in various industries.
“My suspicion is that a gemstone is something people want to see,” Pine said. “I think they want to verify and evaluate the quality of it, even though they have all of the same certifications you do in a regular jewelry store.”
That’s one reason Gemvara thinks resetting old jewelry could help it grow: Since customers already have the expensive gemstones, they should be less anxious about paying for new rings or pendants to display them.
It’s also a relatively easy switch for the company to make. When someone orders a new piece of jewelry, “we would basically procure that gemstone from a dealer in New York and bring that to our manufacturer, who would craft it,” Nichols said.
“The only difference with reset is you are giving us the stone instead of that stone dealer in New York,” he said. Of course, that also means putting grandma’s diamond ring in the mail, which might make some customers nervous.
It’s possible that cutting out the expensive gem purchase could make Gemvara more appealing to a wider pool of shoppers, Pine said. “But it’s also a much smaller market.” | Gemvara has been trying to crack into the jewelry business for nearly 10 years by letting people customize their baubles. Now, it's hoping to grow its sales by resetting old stones that customers already have in their jewelry box. | 19.837209 | 0.883721 | 1.395349 | medium | medium | abstractive |
http://www.bostonglobe.com/arts/television/2015/08/08/the-ticket-television/X6H56KFCWfgTkniBdBlWoL/story.html | http://web.archive.org/web/20150811215237id_/http://www.bostonglobe.com:80/arts/television/2015/08/08/the-ticket-television/X6H56KFCWfgTkniBdBlWoL/story.html | The ticket: television | 20150811215237 | True Detective 9 p.m., HBO
Are you still watching? Do you know what’s going on, and, more important, do you care? Do you think Paul is dead (or should I say, “daed si luaP”?)? Or do you think it’s another trumped-up fake cliffhanger on a show that already gave us one big one? Do you hate me for calling this season “True Defective”? Here’s the 90-minute finale.
I Am Chris Farley 9 p.m., Spike
This is a documentary look at Chris Farley, the comedian David Letterman once called a “human thunderball.” We see Farley, who died in 1998, move from a Midwestern childhood to Chicago sketch comedy to “Saturday Night Live,” with commentary from, among others, David Spade, Mike Myers, Lorne Michaels, Adam Sandler, Bob Odenkirk, and Molly Shannon.
Wet Hot American Summer: First Day of Camp streaming, Netflix
This eight-episode series, a prequel to a 2001 movie that was set in 1981, is a whole lot of silly, kitschy, juvenile fun — not least of all because, with intentional absurdity, older actors in bad wigs are playing teenagers. It’s all expertly amateurish and, anyway, I’d watch this particular cast ham it up with a restaurant menu: Paul Rudd, Bradley Cooper, Amy Poehler, John Slattery, Christopher Meloni, Kristen Wiig, Molly Shannon, Michael Cera, Jason Schwartzman.
Mr. Robot 10 p.m., USA
This summer show has been getting lots of buzz, fittingly, online. And it is certainly interesting, as it follows a hacker with drug issues, an anti-corporate streak, and a seriously recessive and paranoid personality. The ideas that course through the drama are timely and provocative. Sometimes, though, it lacks subtlety, and the heavy atmospherics can be dulling.
Rectify 10 p.m., Sundance Channel
In the third season finale, Janet, played beautifully by J. Smith-Cameron, goes with Daniel to Nashville, with a detour to the Georgia shore. Also, an arrest is made in the murder of George Melton, and it had better be Trey.
Groucho Marx marathon, beginning at 6:30 a.m., TCM
It’s all Groucho all day, with a mixture of Marx Brothers movies and movies featuring only Groucho, such as “Double Dynamite” (at 6:30 a.m.). Also, at 3:30 p.m., TCM is showing Groucho’s 1969 appearance on “The Dick Cavett Show,” which includes him singing “Lydia the Tattooed Lady.”
I finally finished this Wachowskis’ sci-fi drama. It’s about eight people around the world who share consciousness, and who eventually pay telepathic visits to one another at critical junctures. While each story isn’t particularly original, all the stories taken together do add up to something impressive. Not a bad summer watch, the mythology gobbledygook about earlier clusters of eight notwithstanding. | Highlights of the week in television, including the finale of “True Detective” on HBO and “I Am Chris Farley” on Spike. | 21.148148 | 0.851852 | 1.37037 | medium | medium | abstractive |
http://www.bostonglobe.com/business/2015/08/06/fidelity-adds-billion-its-retirement-assets-under-administration-first-six-months/LUZeaPImN7VIwN72wvHrPO/story.html | http://web.archive.org/web/20150812225409id_/http://www.bostonglobe.com/business/2015/08/06/fidelity-adds-billion-its-retirement-assets-under-administration-first-six-months/LUZeaPImN7VIwN72wvHrPO/story.html | Fidelity adds $35 billion to its retirement assets | 20150812225409 | Fidelity Investments added $35 billion to the retirement accounts it administers in the first half of the year, the Boston-based financial company reported Thursday.
Nearly 800 employers with 700,000 employees moved $35 billion in retirement funds to Fidelity and committed to moving $21 billion under the company’s administration next year, the company said. The new sales pushed Fidelity’s total retirement assets under administration past the $1.5 trillion mark. Fidelity charges employers a fee for administering their retirement accounts.
Both those stats are up over the first half of last year. In 2014, Fidelity’s retirement sales and commitments over the first two quarters totalled $37.2 billion, according to its website, and its retirement assets under administration stood at $1.4 trillion. Last year, the company made record revenue and profits.
Clients of Fidelity include big companies such as Delta Airlines and General Motors as well as smaller start-ups such as Airbnb and NerdWallet, the investment business said. Fidelity also manages benefits, such as health plans, for many of its clients. | Fidelity Investments sold $35 billion worth of retirement plans in the first half of the year and got $21 billion in commitments, the Boston-based financial company reported Thursday. | 5.941176 | 0.911765 | 5.205882 | low | medium | mixed |
http://www.thepostgame.com/blog/road-saturday/201508/big-ten-jim-harbaugh-michigan-urban-meyer-ohio-state-jim-delany | http://web.archive.org/web/20150813012223id_/http://www.thepostgame.com:80/blog/road-saturday/201508/big-ten-jim-harbaugh-michigan-urban-meyer-ohio-state-jim-delany | Big Ten Gets Ready To Flex Muscles Again | 20150813012223 | The Big Ten was getting ridiculed as a has-been conference. Sure, it was raking in a lot of money, but it hardly won anything anymore. And by adding nondescript Maryland and Rutgers in the latest round of expansion, commissioner Jim Delany was thought to be losing his touch.
All that changed, dramatically, in a span of four months.
After almost certain to being shut out of the inaugural College Football Playoff, the Big Ten barely snuck in after Ohio State thumped Wisconsin in the conference title game. The heavy-underdog Buckeyes then shocked both Alabama and Oregon to claim the CFP title, ending the conference's 12-year football title drought. Then two Big Ten teams made the men's basketball Final Four, with Wisconsin taking down unbeaten Kentucky in the national semifinals before losing to Duke.
So pardon Delany for being once again his confident (some would say smug) self. The Big Ten has a lot to crow about -- with its abundant cash and hardware -- and that's not even counting the biggest hire in the football offseason, pro or college.
The Big Ten Media Days in Chicago last week was quite an attention-grabbing festival. These are our five biggest takeaways:
1. Jim Harbaugh is in the news, whatever he does
Unless you lived under a rock (or on a rock in outer space), you couldn't have possibly missed the Harbaugh Show the entire offseason. Michigan landed its unicorn with the celebrated hire of its former All-American quarterback and he immediately set the football world on fire. Whether it's his never-banal tweets, or tossing a football on Ile Saint-Louis in Paris, or visit to the U.S. Supreme Court, Harbaugh attacked each day with an "enthusiasm unknown to mankind."
Though he's not even won a game for Michigan yet, he's already done much to restore luster to the winningest program in college football history. But as the real games approach, Harbaugh made it known that he's crystal clear on what's the task at hand.
"Not striving to be creating any buzz," Harbaugh insisted. "Just striving to coach the football team. Not trying to be popular or anything. Anyone who is popular is bound to be disliked. So just coaching football."
2. Urban Meyer is on top of the world, but he has issues
While his new rival is getting all the buzz, Meyer's team is making news of its own, though not all in a good way. After ending the Big Ten's football title drought in January, Ohio State is favored to repeat as national champions. But Meyer has an unsettled situation at quarterback -- even if it's an embarrassment of riches -- and also he'll be missing four players for the season opener at Virginia Tech.
Meyer said that he's primarily concerned with three things with his players: Academics, the social element and the weight room. So far, he's liked what he's seen and he's ready to move forward even if the season opener will be fraught with uncertainty against the only team that beat the Buckeyes last year.
"Every team is different, and every day is different," Meyer said. "I can't say we have a set way that we're going to approach training camp. It all depends on the pulse. So the indicators other than (the suspensions) has been not good; it's been great. But tomorrow is another day. And so we just keep pushing forward."
3. Can a nice guy like Mike Riley win in Nebraska?
Nebraska dumped Bo Pelini after a successful run but one that never met the lofty expectations of the program or its rabid fan base. Pelini, a fiery sort who's had a few run-ins with his bosses and Huskers fans, then not burned, but napalmed the bridge on his way out of Lincoln with an expletive-filled tirade.
So the Huskers went out to hire the anti-Pelini. In Mike Riley, Nebraska now has possibly the nicest guy in college football as coach. While Riley has done more with less at Oregon State, questions abound on whether he can thrive in a demanding environment that expects championships.
"I don't know about all that with the 'nice guy' thing," Riley scoffed, sort of. "I just hope they see a guy that loves what he does. And I also tell people that the personality part of it, the neat thing about any -- probably any teacher that you've had in the past, personalities are different. But different kinds of personalities in our business have all been successful. So I really think that -- my dad always taught me just be yourself, enjoy what you do - because players see through phonies."
4. Confident Big Ten is done with cupcakes
In 2016, the Big Ten will join the Pac-12 and Big 12 as Power 5 conferences to play nine regular-season conference games. But the athletic directors have upped the ante -- despite opposition by the coaches -- on future schedules. Delany said that each Big Ten school is mandated to play at least one out-of-conference Power 5 team each season and that, after existing contracts are done, conference schools will no longer play FCS teams.
"I think that's responsive to what the College Football Playoff committee is looking for," Delany said. "It took a little while to get here because of schedules and expansion. But ... we think it's what our fans want. We think it's what our players want. And we think it's what the College Football Playoff committee wants."
And let's face it, this is what the Big Ten's TV partners want. The conference will be the first among the Power 5 to negotiate a new television contract after its current deal runs out at the end of the 2016-17 season. In a fast-changing landscape with more people cutting the cord with cable, Delany obviously concluded that playing Sisters of the Poor isn't going to help the Big Ten to land the next windfall.
5. Delany is mindful of how to keep raking in the cash
While the SEC might've nipped the Big Ten in the money race this year, the conference schools still took home around $32 million each in 2014-15. But it's the future that has everyone concerned, as declining revenues at TV networks - particularly ESPN - threaten to pinch on what should've been a record-busting upcoming contract for the conference.
Delany is well aware of the turbulence ahead. He'll be the last guy caught flat-footed.
"It's a dynamic time in the communications world that we live in," Delany said. "We've had a great period running up to this. I'm quite optimistic about our position in the marketplace even with the dynamic change which is occurring. We've prepared for it. ... We read the trades like you do. And we're hopeful, look forward over the next year to figure out where we end up."
-- Samuel Chi is the managing editor of RealClearSports.com and proprietor of PlayoffGuru.com. Follow him on Twitter at @ThePlayoffGuru.
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Big Ten Heisman Trophy Winners
Chargers DE Corey Luiget's Africa Trip
This text will be replaced | The Big Ten was getting ridiculed as a has-been conference. Sure, it was raking in a lot of money, but it hardly won anything anymore. And by adding n... | 39.75 | 0.972222 | 32.138889 | high | high | extractive |
http://www.cnbc.com/2015/08/10/after-hours-buzz-shake-shack-google-kraft-heinz-more.html | http://web.archive.org/web/20150813225858id_/http://www.cnbc.com/2015/08/10/after-hours-buzz-shake-shack-google-kraft-heinz-more.html | After-hours buzz: Shake Shack, Google, Kraft Heinz & more | 20150813225858 | Check out the companies making headlines after the bell Monday:
Shake Shack shares spiked 8 percent after the fast casual chain topped Wall Street's top and bottom line estimates. Revenue increased 75 percent from the year-earlier period, while same restaurant sales rose 12.9 percent. The company also announced a secondary offering of 4 million shares of common stock.
Shares of Kraft Heinz fell more than 2 percent after the packaged food giant posted its first quarterly results since a July merger was completed. The Kraft segment saw diluted quarterly earnings of 92 cents per share on $4.52 billion in revenue. Sales in the Heinz division dropped 4.1 percent, hit by exchange rates.
Take-Two Interactive reported a mixed quarter after it missed Street's earnings estimates but beat on revenue. The video game maker's stock slipped more than 3 percent.
Live Nation shares rose more than 3 percent in light trading after posting quarterly revenue of $1.77 billion, ahead of analysts' estimates.
Google Class A shares bounced up over 4 percent after the company announced a new corporate structure plan that creates a new company. Alphabet, the new company, will claim Google as a subsidiary and will become the publicly traded entity.
Rackspace popped nearly 5 percent as the Web hosting company posted a roughly 11 percent climb in quarterly revenue. It also announced a $1 billion stock buyback.
Shares of Norwegian Cruise Lines slid more than 1 percent after the company announced a secondary public offering of 20 million shares of common stock. | Shake Shack shares spiked after the company reported an earnings beat which Google got a boost on news of a restructuring plan. | 12.608696 | 0.73913 | 1.521739 | low | low | mixed |
http://www.cnbc.com/2014/04/28/high-speed-traders-holding-investors-hostage-pro.html | http://web.archive.org/web/20150814004802id_/http://www.cnbc.com/2014/04/28/high-speed-traders-holding-investors-hostage-pro.html | High-speed traders holding investors hostage: Pro | 20150814004802 | Volatility has been the name of the game lately, and small-cap stock picker Craig Hodges told CNBC on Monday that high-speed computer trading is to blame.
Stocks opened strongly higher on Monday with the Dow Jones industrial average up triple digits early in the session on robust merger activity, and despite new U.S. sanctions against wealthy Russians as a deterrent to Moscow further meddling in Ukraine.
Read MoreCheck here for the latest on stocks.
"I guess the algorithms out there are deciding on a daily basis which way the market is going to go and we're kind of hostage to that on a short-term basis," the co-portfolio manager of the Hodges Fund and Hodges Small Cap Fund said in a "Squawk Box" interview.
Read MoreNYSE floor trader blasts high-frequency trading
Stocks finished lower last week with a sharp decline on Friday.
High-frequency trading's role has been debated fiercely in recent weeks, after comments by Michael Lewis about the stock market being "rigged" in his new book "Flash Boys."
Read MoreHigh-frequency traders can't front-run anyone: Co-founder of HFT firm
The other side of that argument says that high-speed trading creates liquidity in the market and creates fairer pricing for investors, even if the computers can execute the trades ahead of individuals. | Computer algorithms are deciding on a daily basis which way stocks go and that's holding investors hostage, small-cap stock picker Craig Hodges tells CNBC. | 9.034483 | 0.931034 | 4.37931 | low | medium | mixed |
http://www.theguardian.com/artanddesign/2012/jul/08/rencontres-arles-2012-koudelka-review | http://web.archive.org/web/20150814181742id_/http://www.theguardian.com/artanddesign/2012/jul/08/rencontres-arles-2012-koudelka-review | Les Rencontres d'Arles 2012 - review | 20150814181742 | In the past, the Rencontres d'Arles photography festival has worked best when it has been steered by a high-profile guest curator. In 2004 Martin Parr's wide-ranging and democratic vision underpinned a programme that was both mischievous and thought-provoking, while in 2009 Nan Goldin created a series of shows, talks and late-night screenings that reflected her hard-hitting, confessional style. This year, though, there is no unifying vision, and the festival's subtitle, "A French School", might have made more sense had it been a question rather than a statement.
In the centre of town, the biggest and most well-attended show is a historical one: Gypsies by Josef Koudelka. The book of the same name, first published in France in 1975 by Robert Delpire, is one of the defining photobooks of the 20th century, and was reissued last year in an expanded edition with more than 30 previously unseen images. Koudelka's singular brand of poetic sadness is, if anything, more powerful today given that the world he photographed has all but vanished in the intervening years.
Many of these austerely evocative black-and-white photographs retain their power to astonish, none more so than the haunting image of a beautiful, bewildered young man in handcuffs. He stands in the foreground as if mesmerised by Koudelka's camera while, behind him, a string of onlookers and a pair of uncertain policemen wait for this mysterious drama – the young man has just been arrested for murdering his wife – to unfold. The exhibition is augmented by letters, layouts and original editions of the book, all of which provide a glimpse of the restless imagination behind this now seminal body of work.
Down by the river in one of Arles's beautiful churches, Sophie Calle is showing two new interrelated series, both set in Istanbul. They address one of her abiding themes: absence. The Last Image comprises a series of portraits of blind people, most of whom lost their sight suddenly. The photographs are accompanied by concise but moving texts in which her subjects describe the last thing they saw. In another room is Voir la mer, Calle's film of a group of people seeing the sea for the first time. As always, her work operates in that territory between the natural and the choreographed, and the show has a cumulative melancholy power. I saw one person leave the church in tears.
Across town in the disused railway sheds that yearly become exhibition spaces was the work of the 15 nominated artists in contention for the festival's Discovery award. It was a mixed bag. The most realised work by far belonged to the American Lucas Foglia, a young graduate from Yale. Entitled A Natural Order, the series looked at people who, for various reasons – religious beliefs, environmental concerns, apocalyptic visions – have retreated from society to live, as Foglia puts it, "off the grid". Foglia specialises in a kind of gentle yet incisive documentary approach in which he befriends and spends time with his subjects, then photographs them when they are totally at ease in his presence. In one arresting image, a naked child perches on her father's chest as he floats, eyes closed, in a lake. In another, three serene, long-haired teenage girls wade in a river, fully clothed.
The vision is often edenic, but in Foglia's photographs all is not what it seems. A young man sits in his room in a camouflage jacket, an assault rifle lying on a table in the background. A decomposing bear lies in a clearing like some nightmarish vision of nature's deepest, darkest forces. Mennonites turn out to be ex-Hells Angels; a once-virgin woodland has been turned into a car park; utopian dreamers fleeing the digital overload converse on laptops and cellphones. This is formally beautiful, thought-provoking work from an already assured talent.
I also liked Nelli Palomäki's intimate black-and-white portraits which manage to look both old-fashioned and somehow new. They exude a powerful stillness that used to be common in photographic portraiture but is rare in the digital age.
Perhaps the most surprising work, though, belonged to Nadège Mériau, a Tunisian-born photographer living in London. Her visionary landscapes resemble the apocalyptic paintings of John Martin or those disturbingly viscous medical images taken by tiny cameras inserted into the body. They are actually extreme close-ups of the inside of bread, taken on a large-format camera: a kind of worm's-eye view of buns, rolls and loaves. Mériau also photographs the inside of vegetables and milk with the same surreal sci-fi results. Her "intra-uterine architectures", as she calls them, are utterly singular and a little bit bonkers, but they captivate all the same.
Regine Petersen also intrigued with her strange visual narrative, Find a Falling Star, about meteorites and their impact, both real and metaphorical. Her work is a kind of heightened personal reportage that repays patient attention. Likewise, Eva Stenram's series entitled pornography/ forest_pics, which plays with found and constructed erotic imagery by digitally removing the naked bodies from the photograph. What remains is an empty landscape in which a blanket or bag or an item of clothing lies, mundane and innocent. In Drape, a related series of wilfully drab domestic black-and-white interiors, Stenram has posed women behind curtains, with only their legs on view. Again, the result is both playful and provocative – but not in the sexually loaded way of the images she has subverted.
Elsewhere, there was too much that was too familiar, and too little that suggested deep looking or, indeed, deep thinking. The French School turned out to be a celebration of the Ecole Nationale Supérieure de la Photographie in Arles rather than a unifying style. The school was created in 1982 by Alain Desvergnes, whose exhibition of Faulknerian landscapes and characters in Mississippi, made back in the mid-to-late 1960s, was another highlight of this year's somewhat muted Rencontres d'Arles. Next year, one hopes, they will find a big name to impose a vision on a festival that momentarily, at least, seems to have lost its way – and its spirit of adventure. | Josef Koudelka, Sophie Calle and a utopian return to nature captivate in an unfocused year for the French festival, writes Sean O'Hagan | 50.375 | 0.791667 | 1.375 | high | medium | abstractive |
http://www.bostonglobe.com/arts/movies/2015/08/13/couple-kids-tangle-with-kevin-bacon-cop-car/7g7cVQJZh2IFGl8SDI9HQL/story.html | http://web.archive.org/web/20150815102124id_/http://www.bostonglobe.com/arts/movies/2015/08/13/couple-kids-tangle-with-kevin-bacon-cop-car/7g7cVQJZh2IFGl8SDI9HQL/story.html | A couple of kids tangle with Kevin Bacon in ‘Cop Car’ | 20150815102124 | As the title suggests, Jon Watts’s “Cop Car” reduces narrative to fundamentals: the title vehicle, a cop, two kids, a barren, indifferent universe represented by a sprawling prairie, and a simple premise that unfolds as the narrative requires. If only all films had such clarity of purpose. With his sense of black humor and with a coldly calculating view of a world determined by intransigent laws of physics, Watts recalls the Coen brothers of “Blood Simple.”
And — it’s a kids’ movie. Two boys — Travis (James Freedson-Jackson), who seems the bolder of the two, and the more fragile-seeming Harrison (Hays Wellford) — stride side-by-side across a Colorado flatland practicing swear words. Where are they going and why? It doesn’t matter much; it’s enough to know that like Huckleberry Finn and Tom Sawyer they are looking for adventure. Make-believe probably, but maybe something real.
They get lucky when they come across the title vehicle. To their giddy delight they find that a door is unlocked, the keys are in it, and, as they eventually discover, much more besides. After much daring and double daring they’re tooling down the highway, lights flashing.
A cut is made, and it looks like they’re returning the car to the place they found it. In fact, the scene is a flashback. Sheriff Kretzer (a sordidly endearing Kevin Bacon, with a mustache like that of a weaselly Sam Elliott) pulls up, gets out, engages in some unofficial-looking activity and returns to find the cop car gone.
With some minor but ingenious detours, that’s the premise, and Watts works out the permutations with a diabolical logic and a point of view that embrace the kids’ innocence and acknowledge the rules of an unbeatable game that hard men are foolish enough to challenge. His dialogue and cinematic language are basic — simple switches from extreme long shots that evoke menace, melancholy, or absurdity, to close-ups of faces determined to prevail against the whims of God. Or in this case, the filmmaker.
Hays Wellford, Camryn Manheim, Shea Whigham
Rated: R (for language, violence, and brief drug use)
‘The Man From U.N.C.L.E.’ a throwback to classic spy thrillers
Ty Burr: A few superheroes we could really use | Kevin Bacon stars in the satisfyingly bare-bones “Cop Car.” | 32.857143 | 0.714286 | 1.428571 | medium | low | abstractive |
http://www.cnbc.com/2014/05/11/low-inflation-an-ongoing-concern-feds-lockhart.html | http://web.archive.org/web/20150816093121id_/http://www.cnbc.com/2014/05/11/low-inflation-an-ongoing-concern-feds-lockhart.html | Low inflation an 'ongoing concern': Fed's Lockhart | 20150816093121 | Low inflation in the U.S., Europe and Japan is a "ongoing concern," Atlanta Federal Reserve President Dennis Lockhart told CNBC, but added that current monetary policies were on target.
Speaking in Dubai on Sunday, Lockhart said the Fed's current tapering of asset purchases, plus a potential lift-off in rates in the second half of 2015, was the most appropriate policy mix.
"Too low inflation in the U.S., and I would say also in Europe, and for that matter to some degree in Japan, is an ongoing concern," Lockhart said in an exclusive interview with CNBC.
Read MoreFed Chair Yellen: Minimum wage hike to have negative impact on jobs
The latest data points hinted at a "firming up" of inflation towards the Fed's 2-percent target, he said, adding: "Whether or not it will hold, whether it's sustainable, is another question."
Lockhart, who currently holds a non-voting seat on the Fed's Federal Open Market Committee (FOMC), said its $10 billion step-downs in asset purchases looked set to continue. | Low inflation in the U.S., Europe and Japan is a concern, a top Fed official told CNBC, but added that current monetary policies were on target. | 7.166667 | 0.933333 | 9.866667 | low | medium | extractive |
http://www.cnbc.com/2014/08/15/fed-has-a-lesson-plan-but-traders-just-want-facts.html | http://web.archive.org/web/20150816144836id_/http://www.cnbc.com/2014/08/15/fed-has-a-lesson-plan-but-traders-just-want-facts.html | Fed has a lesson plan but traders just want facts | 20150816144836 | Therefore, European Central Bank President Mario Draghi will be a highlight when he speaks at Jackson Hole Friday afternoon.
Interest rates in Europe have moved lower as the weak economy stirs expectations for ECB action. Investors drove German bund yields to record lows in the past week, and some shorter duration yields turned negative. On a relative basis, buyers found U.S. Treasurys more attractive, driving yields sharply lower. The 10-year Treasury yield fell as low as 2.31 percent Friday, the lowest level since June, 2013. Weaker economic reports, including this week's flat retail sales, and short covering were blamed for the move, in addition to the move in European yields and concerns about global growth.
Read MoreGundlach: Could see 10-year go to 2.2%
"We're back to the bond yield knocking on the door of rates that prevailed before the taper tantrum a year ago," McCarthy said. "It's hard to see that that could be sustainable but there aren't too many people willing to get in front of a fast-moving train … I think some of the hawkish comments by (Dallas Fed President Richard) Fisher, (Philadelphia Fed President Charles) Plosser and (St. Louis Fed President James) Bullard are trying to be pre-emptive."
George Goncalves, head of interest rate strategy at Nomura, expects the Fed to give a nod to geopolitical issues, particularly the situation with Ukraine. "I can't imagine them coming out and then looking aloof to all these crises going on.
They can't act in a vacuum. They know if this thing continues, U.S. growth would slow down. If these kind of confidence destroying news headlines continue and people start to assess their business needs going forward, the U.S. is not immune," Goncalves said.
Read MoreTraders move to shore up defenses before weekend
Goncalves said it would help if Yellen would explain what's actually on her dashboard and what metrics she is watching that make her see so many negatives about the labor market. "We've had some improvements. She can't say it's all bad. There's some metrics that don't look so good but one could argue the slack is not as bad as it was before," he said.
"But really, is this the symposium where once and for all, the academics start to agree or go in one direction on structural versus cyclical? Are the people really off line that lost their jobs that are never going to come back? Or are they going to come back once the labor market improves?"
Pimco strategist Tony Crescenzi said the minutes of the Fed's last meeting may actually be more market moving than what comes out of Jackson Hole. At the July 30 meeting, the Fed agreed to taper back another $10 billion from its bond buying program, but there was no press briefing or change in forecasts.
Read MoreCommodities are flashing a warning sign: Insana
"At the end of the day, investors will be looking at whether there's any indication of a time line" on rate hikes, Crescenzi said. He said the market often reacts negatively to the Fed minutes. "It tends to fall on the day of the release of the minutes because markets sense that the Fed is getting closer and closer to raising rates."
McCarthy said the minutes should be interesting. "They do tend to sanitize them … I suspect there will be some lively discussion. They key thing is, are they making progress in agreeing on a policy normalization strategy." | Markets are more likely to get a schooling on the labor market than a road map for rate hikes when the Fed meets in Jackson Hole in the week ahead. | 22 | 0.806452 | 1.258065 | medium | medium | abstractive |
http://www.cnbc.com/2014/09/24/mortgage-dependent-home-buyers-arent-moving.html | http://web.archive.org/web/20150816151911id_/http://www.cnbc.com/2014/09/24/mortgage-dependent-home-buyers-arent-moving.html | US mortgage applications fall in latest week: MBA | 20150816151911 | "Mortgage rates were higher for the week, so it was not surprising to see refinance application volume drop again. Purchase activity remains stagnant on a seasonally adjusted basis," he said.
Applications to refinance a loan fell 7 percent week-to-week and were down 31 percent from a year ago. Applications to purchase a home were down 0.3 percent for the week and down 16 percent from a year ago. This is a larger annual gap than the market has seen in several weeks.
"Purchase mortgage applications have trended down over the past three months, despite the declining interest rate environment," noted Doug Duncan, Fannie Mae's chief economist in his monthly economic outlook. "This suggests a residual conservatism on the part of consumers and supports our view that the pace of growth in the housing sector will be subdued during the remainder of 2014, with modest improvement in 2015."
Read MoreAre we building too many homes?
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.39 percent, the highest rate since May 2014, from 4.36 percent, according to the MBA. However, rates are moving lower again.
"Thankfully, that trend has since reversed and we began this week with slow, steady improvement. Compared to the damage done since late August, it's not much, but it could motivate more locking and application activity this week," said Matthew Graham of Mortgage News Daily.
Read MoreWhat can $1 million get you in a reclaimed home | After a surge in refinances in the previous week, the volume of mortgage applications continued to slide as interest rates rose. | 13.086957 | 0.652174 | 0.913043 | low | low | abstractive |
http://www.cnbc.com/2014/03/16/ukraine-foreign-minister-we-will-fight-for-our-land.html | http://web.archive.org/web/20150816173637id_/http://www.cnbc.com/2014/03/16/ukraine-foreign-minister-we-will-fight-for-our-land.html | We will fight for our land | 20150816173637 | "We are capable of solving the internal problem without a Russian invasion," he added. "We don't need to protect the Russian speaking population with the Russian military here. We are wise enough to talk to our people who speak Russian and… we are able to live with them in peace here."
Following recent comments from U.S. Secretary of State John Kerry about self-determination in the region, Deschcytsya said that there is a right for autonomy in Crimea.
"We are ready to discuss with Crimeans their needs, in the framework of this autonomy. We are ready to discuss an expansion of their autonomy if they are not satisfied with the economic development, the rights of national minorities, the local governments, but we wanted to do it peacefully again, in a way of dialogue, but not with the military threat from the neighboring country," he said.
(Read more: Russia has 'no plans to invade Ukraine': Lavrov)
Regarding Ukraine's move toward an economic association with the EU, he noted that while progress has been quick the needs of Ukraine's enterprises and people remain key.
"Economically the EU is already deciding to open its market to Ukrainian goods. But we will also continue our negotiations about a free trade agreement with the EU, but need to take into account the real needs of Ukrainian enterprises and people why are working in eastern Ukrainian, particularly for big Ukrainian enterprises so they are not affected by free trade with the EU," he said.
—Reporting by CNBC's Steve Sedgwick, writing by John Phillips | Ukraine is prepared to consider all options, Ukrainian Foreign Minister Andrii Deshchytsya told CNBC ahead of Sunday's referendum in Crimea. | 13.304348 | 0.478261 | 0.73913 | low | low | abstractive |
http://www.cnbc.com/2014/03/14/game-plan-where-does-cramer-see-opportunity.html | http://web.archive.org/web/20150821000645id_/http://www.cnbc.com/2014/03/14/game-plan-where-does-cramer-see-opportunity.html | Game plan: Where does Cramer see opportunity? | 20150821000645 | St. Patrick's Day may be an Irish tradition but on Monday Cramer will be squarely focused on Russia. Despite growing tensions, "I think the market's beginning to discount most scenarios, making it so we might actually rally no matter what happens in Crimea," he said. However, if Russia moves to take over all or part of Ukraine, beyond just Crimea, then we're dealing with something that's not yet baked into the market and prices could fall further."
If the market does fall on Monday, Cramer suggests looking at the decline strategically. "I would be prepared to buy stocks that are domestic secular growers, like restaurants and retailers, as well as the big biotechs that have nothing to do with geopolitical issues, but have just been hammered anyway."
If the Russia crisis slogs on, Cramer believes pros will start to parse through stocks and reward those that won't be harmed by a protracted geopolitical event.
But he added don't get too aggressive. "As nasty as the Russian issue might be, it'sChina that's driving a lot of the recent weakness. And on Monday, China releases February Property Prices. If they're up too much, chatter will circulate that Chinese banks need to be reined in. In turn, that kind of negative ripple could be rather serious.
On Tuesday, Cramer will turn his attention to technology. "We get reports from Adobe and Oracle, and I expect them both to be excellent," Cramer said. "I don't know if results will generate a virtuous ripple but it's the best chance we get next week as they're the two most high profile tech companies reporting."
Cramer said Wednesday will be huge for a wide range of reasons. "First there's Federal Express earnings. I like to listen to FedEx's state of the state conference call. It tells me how all the regions FedEx services are doing. FedEx will be up too much if it reports a good number, so I'd look to UPS as a way to play any global strength."
Also Cramer will be watching First Solar."Remember how I told you not to freak out about First Solar after it reported a few weeks ago because everything depends on the analyst meeting? Guess what? That analyst meet is scheduled for Wednesday. I think it will be huge, and I'd buy the stock ahead of the meeting."
---------------------------------------------------------- Read more from Mad Money with Jim Cramer Build new portfolio with these 5 stocks How to increase wealth dramatically Powerful stock story in the sky ----------------------------------------------------------
As powerful as both those events may be, they pale when compared to the catalyst that hits Wednesday afternoon. "At 2 p.m. we get the Federal Reserve Open Market committee's statement about interest rates and then a press conference hosted by new Fed Chair Janet Yellen," Cramer said. "So far her tenure's been pretty flawless, and I expect that to continue. If we get a strong showing by Yellen and we're further along toward some sort of clarity in Ukraine, then we could be ready to rally."
Cramer calls Thursday 'housing day' because Lennar reports and existing home sales data will be released. "Lennar's Stuart Miller likes to start his conference call with a housing overview. It's the most informed look at this key industry out there. And I think existing home sales are truly important because when you buy a used home you're bound to fix it up. I regard this stat, which also gives you a sense of how much inventory is available, as the most significant housing data point, and I'll make a quick assessment of it for you when it comes out."
Cramer is looking for two reports on Friday that could spark fireworks. "First, Darden will announce its number,s and I think many people, including two different activists, want to see a new CEO named. If that happens, the stock could give you a 10% move."
"We also hear from Tiffany's, which I think is going to report a terrific number. But don't get carried away. What happens at Tiffany's stays at Tiffany's, meaning a good number here won't impact any other retailer as long as the Russo-Ukrainian tensions and the Chinese slowdown dominate the news flow." | Investors have been selling stocks, sometime with abandon. Jim Cramer thinks there could be opportunity ahead. | 44.105263 | 0.684211 | 0.894737 | high | low | abstractive |
http://www.9news.com.au/world/2015/08/21/01/13/one-cctv-suspect-freed-over-bangkok-bomb | http://web.archive.org/web/20150821122100id_/http://www.9news.com.au/world/2015/08/21/01/13/one-cctv-suspect-freed-over-bangkok-bomb | Thai police hail bomber hunt progress | 20150821122100 | Thailand's police chief insists his officers are making "a lot of progress" in the hunt for the Bangkok shrine bomber despite the lack of arrests and mystery over the motive of the attackers.
Monday's blast killed 20 people, leaving police scrambling to find the assailants, and sending shockwaves through the nation's vital tourism sector.
Speaking after a memorial for the dead at the scene of the unprecedented attack on Thailand, national police chief Somyot Poompanmoung said the bomb was an attempt to stoke fear and uncertainty in the capital.
"The aim is to discredit the government and create a climate of fear to deter tourists," he told reporters on Friday.
"There's a lot of progress (in the case), but I can't disclose everything."
Somyot played down his earlier comments that the attack on a Hindu shrine in a tourist zone of the capital was carefully planned by a network of 10 people.
Instead he said the main suspect - captured on CCTV placing a backpack under a bench at the Erawan shrine minutes before the explosion - must have had "accomplices supporting the attack".
After days of confusing and sometimes contradictory statements from senior police and junta officials, Somyot also said he would restrict how often his subordinates speak to the press.
Both the police and junta have at various times ruled out the possibility that a global terror network carried out Monday's bombing, but have later appeared to backtrack on the comments.
Thailand has endured a decade of political unrest, but many analysts say the choice of target and ferocity of the attack makes it highly unlikely any Thai groups with a history of violence were involved.
Thailand has asked Interpol for help in finding the main suspect, a young bespectacled man in a yellow t-shirt who authorities have speculated may have been wearing a disguise.
Thai authorities issued an arrest warrant stating the prime suspect is a foreigner, after CCTV footage caught him nonchalantly walking away from the shrine moments before the blast.
Two other suspects who attracted suspicion after being seen on security camera footage from the shrine were ruled out as accomplices on Thursday.
With the bomber on the run Bangkok remains a city on edge, but there is little evidence of a major police sweep.
The multi-faith memorial near the shrine Friday drew together religious leaders from Thailand's Buddhist, Muslim, Christian, Hindu and Sikh communities.
They led prayers, mantras and musical ceremonies to commemorate the dead and more than 120 who were wounded in the rush hour blast.
Catholic cleric Monsigneur Andrew Wissanu Thanya-Anan urged unity in the face of the attack on the hugely popular Hindu shrine, which is also a place of worship for the kingdom's majority Buddhist population.
"Even dogs have ethics when they fight. Not these people (the attackers). It has caused terrible hurt to all Thai people, all religions," he said.
Do you have any news photos or videos? | A man wanted for questioning over the Bangkok bombing has been questioned and released, police say, but the main suspect is still at large. | 21.259259 | 0.777778 | 1.148148 | medium | low | abstractive |
http://www.cnbc.com/2015/01/29/boes-carney-slams-euro-zone-austerity.html | http://web.archive.org/web/20150823192438id_/http://www.cnbc.com/2015/01/29/boes-carney-slams-euro-zone-austerity.html | BoE's Carney slams euro zone austerity | 20150823192438 | Carney explained that monetary policy "boldness" by the European Central Bank (ECB) cannot be used in solitude. He called for difficult structural reforms in the euro zone and greater private risk sharing via banking and capital market unions.
Comparing the U.K. with the euro zone, he said that the private sector in the latter continues to generate surplus savings of 3.5 percent of gross domestic product (GDP). He added that this must be recycled back into the economy to generate an expansion.
"The U.K. no longer faces that challenge. Its private sector is in balance," he said, also highlighting that the U.K. had a better unemployment rate.
The U.K. is heavily indebted compared to most of its peers, but has been praised by organizations like the International Monetary Fund for being the fastest growing G-7 economy following the financial crash of 2008.
The country's government – led by the right-of-center Conservative Party - has followed a path of austerity and fiscal restraint since coming to power in 2010, although it has missed deficit targets during that period.
Criticized at first, the austerity policies have coincided with a significant drop in unemployment in the U.K., and the Bank of England is now looking to raise interest rates in the medium term. Opposition policymakers argue that the country has become unbalanced, with poorer citizens bearing the brunt of the spending cuts.
However, Carney's speech suggests that he feels euro zone austerity might have gone too far. In an interview to The Irish Times on Thursday, he said that Germany - the traditional powerhouse of the bloc - should accept that supporting poorer euro zone countries is in its own interests.
"Building greater private risk-sharing and greater public risk-sharing are as much in the interest of German people as they are in any constituent part of the euro zone," he told the newspaper.
"If you enter into a union, you should take steps to make that union as effective as possible, but also, in a way, that works for everybody. And the prosperity of all countries in the euro area is as much in Germany's interest as it is in those countries' interest, and the German government recognizes this." | Governments in the euro zone should loosen tough budgetary measures, according to the governor of the Bank of England. | 20.47619 | 0.666667 | 1.714286 | medium | low | mixed |
http://www.cnbc.com/2015/07/10/trader-bets-on-more-pain-for-bond-market.html | http://web.archive.org/web/20150823232359id_/http://www.cnbc.com/2015/07/10/trader-bets-on-more-pain-for-bond-market.html | Trader bets on more pain for bond market | 20150823232359 | Looking at a chart of the TLT, Gordon noted that the ETF has broken key support and is approaching its year-to-date low of $114.88, hit in late June. The ETF is currently trading more than 16 percent lower than its 2015 high of $138.50. "I think we look set to move to the downside and retest that old low," said Gordon, founder of TradingAnalysis.com.
But rather than make an outright bearish bet, Gordon turned to the options market. But rather than using puts to bet against the TLT, Gordon sold calls. Specifically, he sold the August 119/120 call spread for 35 cents. In this trade, Gordon sees profits if the TLT stays below $120 by August expiration.
"This strategy will allow me to profit if the TLT moves slightly higher, sideways or straight down in the next month," he added. | Technical analyst Todd Gordon explains why the recent bounce in Chinese and U.S. equities could put more pain on the bond market. | 7.434783 | 0.347826 | 0.434783 | low | low | abstractive |
http://www.cnbc.com/2015/02/10/will-millennials-be-worse-off-than-their-parents.html | http://web.archive.org/web/20150824020809id_/http://www.cnbc.com/2015/02/10/will-millennials-be-worse-off-than-their-parents.html | Will millennials be worse off than their parents? | 20150824020809 | One report last year pegged the unemployment rate among millennials at more than 15 percent, and another estimated millennials made up about 40 percent of all unemployed Americans—or about 4.6 million.
The competitive job market has prompted millennials to pursue degrees in larger numbers – they are the most educated of any generation. But those degrees have come at a steep price. The Project on Student Debt found the average debt load carried by last year's class of four-year nonprofit college grads was $28,400, roughly 50 percent more than a decade ago. And the degrees (even advanced ones) have proven no guarantee for a well-paying job.
"Millennials are facing strong headwinds in securing satisfactory careers," said Peter Miller, certified financial planner and president of Zoe Wealth Management in Charlotte, N.C. They're also entering the workforce at a time when pensions are fading away, and unlike their parents, they're wary of depending on Social Security payments to cover expenses later in life, he said.
Read MoreHow to not outlive your money in retirement
But that may prove to be a blessing. Their pessimism has prompted many to start saving earlier and to participate more in their retirement savings accounts than baby boomers did at their age. According to a Transamerica Center fore Retirement Studies report, 70 percent of millennials are already saving for retirement in a company-sponsored 401(k) or a similar plan or outside the workplace.
True, unemployment and underemployment can affect their access to retirement accounts like 401(k)s and, of course, their ability to save much. Yet millennials remain optimistic about their ability to save.
Seventy-two percent of millennials are confident they will be able to save enough to create the lifestyle they want in the future, and 68 percent expect their standard of living before retirement to be better than their parents, according to a recent Wells Fargo survey.
And advisors say millennials have reason to be upbeat about their long-term prospects. For one, time is on their side. They've also got an awareness of the importance of saving early for retirement. In the Wells Fargo survey, 80 percent said the Great Recession had taught them they need to save now to be prepared for economic problems down the road, and 55 percent were already saving. | Despite formidable financial challenges, millennials may still end up better off than their parents. | 27.4375 | 0.625 | 1 | medium | low | abstractive |
http://www.cnbc.com/2015/02/10/asian-stocks-seen-higher-oil-and-earnings-in-focus.html | http://web.archive.org/web/20150824022210id_/http://www.cnbc.com/2015/02/10/asian-stocks-seen-higher-oil-and-earnings-in-focus.html | Asian stocks seen higher; Oil and earnings in focus | 20150824022210 | Australia's S&P ASX 200 index fell for the third consecutive session as declining oil majors weighed on the bourse and as traders remained cautious into the earnings season.
Woodside Petroleum and Santos closed down more than 3 percent, respectively, in tandem with lower energy prices overnight.
Commonwealth Bank of Australia - the country's number one lender by market value - retreated 0.8 percent despite announcing an 8 percent rise in first half cash profit. Improved half year profits also failed to lift shares of insurer Suncorp Group and building materials maker Boral, which dropped 2.9 and 1.2 percent, respectively. Meanwhile, blood plasma products maker CSL plunged 8 percent on the back of a muted profit outlook.
There were a few isolated rallies following upbeat earnings report; Property firm Stockland advanced 2.8 percent after its net profit rose 55 percent in the half year to December 31, but the day's top performer was Domino's Pizza, whose shares closed up 22 percent after reporting a 44.2 percent rise in first half profits.
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South Korea's Kospi index edged up on Wednesday, recovering from Tuesday's two-week closing low, as major tech names traded higher.
SK Hynix climbed nearly 4 percent on bargain-hunting, while Samsung SDI and LG Display gained 1.1 and 1.7 percent each. But a 1.7 percent drop in the heaviest weighted stock Samsung Electronics capped advances.
Meanwhile, Asiana Airlines, which is the news for announcing plans to purchase 25 airplanes from Airbus for $2.83 billion, rose 8.1 percent, while Korean Air notched up nearly 2 percent.
Read MoreIndia's revamped GDP could derail growth
India's Nifty and Sensex indexes advanced, a day after anti-corruption party Aam Aadmi trounced Prime Minister Narendra Modi's governing party in local elections in New Delhi. | Asian markets opened mixed early Wednesday, as a drop in oil prices and a mixed reaction to a slew of earnings in Sydney offset an inspiring lead from Wall Street. | 10.84375 | 0.5625 | 0.6875 | low | low | abstractive |
http://www.cnbc.com/2015/03/03/reuters-america-merkel-eyes-airline-commodities-cooperation-with-mongolia.html | http://web.archive.org/web/20150824162014id_/http://www.cnbc.com/2015/03/03/reuters-america-merkel-eyes-airline-commodities-cooperation-with-mongolia.html | Merkel eyes airline, commodities cooperation with Mongolia | 20150824162014 | BERLIN, March 3 (Reuters) - Mongolian airlines want to intensify cooperation with German flag carrier Lufthansa , Chancellor Angela Merkel said on Tuesday after talks with Mongolian President Tsakhiagiin Elbegdorj that also touched on a commodities partnership.
At a joint news conference, Merkel said the two leaders had discussed the interest from Mongolian airlines in forging closer ties with Lufthansa.
"In Germany the government doesn't do that, the companies have to do it. We want to talk to Lufthansa to call their attention to the potential cooperation and maybe there can be an intensification of the cooperation between Lufthansa and Mongolian airlines," said Merkel.
Lufthansa was not immediately available for comment.
Merkel also emphasised Germany's interest in pursuing a commodities agreement signed in 2011 when she visited the Central Asian country.
Mongolia, which has Russia and China as its neighbours, has large quantities of natural resources including copper, gold, silver and uranium deposits. It also has big reserves of rare earths which the high-tech industry needs to make products.
Merkel outlined the difficulties involved in getting start-up financing for infrastructure and mining projects, and the need for infrastructure expansion in Mongolia.
"Thirdly, Mongolia has big neighbours who have their own ideas about infrastructure," said Merkel, pointing mainly to Russia and the need to discuss with Moscow ways to make exporting materials from Mongolia to Europe easier.
"I don't think that things are hopeless," said Merkel.
(Reporting by Madeline Chambers; Editing by Mark Heinrich) | Mongolia, which has Russia and China as its neighbours, has large quantities of natural resources including copper, gold, silver and uranium deposits. Merkel outlined the difficulties involved in getting start-up financing for infrastructure and mining projects, and the need for infrastructure expansion in Mongolia. "Thirdly, Mongolia has big neighbours... | 4.741935 | 0.967742 | 23.451613 | low | high | extractive |
http://www.cnbc.com/2015/03/31/this-sector-is-set-to-rally-technician.html | http://web.archive.org/web/20150824181426id_/http://www.cnbc.com/2015/03/31/this-sector-is-set-to-rally-technician.html | This sector is set to rally: Technician | 20150824181426 | "The first thing we see when we break down the chart is this really strong uptrend over the last 12 months. Now importantly, we also see a really sharp pullback here, down 14 percent from recent highs," said Ross. "What I think, is that this has created a compelling buying opportunity."
Read MoreChoppy stock trading to spill into Q2, experts say
Ross noted that the pullback in the UTY has brought the ETF right to critical support levels at the 200-day moving average and prior resistance. "Technical analysis teaches us that prior resistance becomes new support on a pullback, and that's exactly what's happened here with the utilities." | Evercore ISI's Rich Ross says the recent pullback in utilities has set the stage for a compelling buying opportunity. | 6.142857 | 0.666667 | 1.714286 | low | low | mixed |
http://www.cnbc.com/2015/03/13/frozen-star-wars-and-cinderella-disney-at-all-time-highs.html | http://web.archive.org/web/20150824223232id_/http://www.cnbc.com/2015/03/13/frozen-star-wars-and-cinderella-disney-at-all-time-highs.html | 'Frozen,' 'Star Wars' and 'Cinderella': Disney at all-time highs | 20150824223232 | "Cinderella" won't be a hit on the level of record-breaking "Frozen." It isn't expected to have crossover appeal to boys, as "Frozen" did with charming snowman Olaf, and it doesn't have catchy songs throughout—"Cinderella" isn't a musical. Plus unlike superhero movies, the more classic a fairy tale, the less opportunity there is for a sequel.
But "Cinderella" has the advantage of massive name recognition, worldwide, and positive reviews. Plus, it's a consumer products gold mine—building on Disney's $1 billion plus in revenue from its "Princess Products." And that "Frozen" short may bring in a much broader audience than "Cinderella" would otherwise have drawn.
Read MoreLittle guys get 'Frozen' out of lucrative voice-over market
"Cinderella" kicks off a packed movie schedule, including two Pixar films this year and 11 Marvel movies in the next few years. The next Marvel film, "Avengers: Age of Ultron," opening May 1, is already seeing huge demand. Disney revealed that the teaser-trailer was viewed 35 million times within its first 24 hours after release.
With this packed movie slate, Iger still has some big challenges before he leaves his post in 2018. He's talked extensively about the fact that the way people watch, and pay for content, is changing, and Disney's biggest division—in terms of revenue and profits—is its TV networks. And much of that revenue comes from TV bundling.
One recent example: Disney's offering ESPN as part of Dish's new over-the-top service, Sling TV. And his acquisition of Maker Studios last year was a move to serve the short-form content that is in high demand, and to market Disney content to younger audiences.
Iger says he's being careful not to disrupt Disney's core business, while experimenting to position the company for the future. There's no question that content rules in the Magic Kingdom. But in coming years it will be distributed in increasingly nontraditional ways. | The Disney brand is stronger than ever, bolstered by movies, TV, consumer products, digital properties and theme parks. | 17.652174 | 0.608696 | 0.782609 | medium | low | abstractive |
http://www.cnbc.com/2015/03/30/reuters-america-interview-taiwan-seeks-stronger-cyber-security-ties-with-us-to-counter-china-threat.html | http://web.archive.org/web/20150824234848id_/http://www.cnbc.com/2015/03/30/reuters-america-interview-taiwan-seeks-stronger-cyber-security-ties-with-us-to-counter-china-threat.html | INTERVIEW-Taiwan seeks stronger cyber security ties with U.S. to counter China threat | 20150824234848 | TAIPEI, March 30 (Reuters) - Taiwan wants to join a major anti-hacking drill conducted by the United States to strengthen cyber security ties with its staunchest ally, its vice premier said on Monday, a move which would help safeguard against constant targetting by hackers in rival China.
Many hacks into Taiwan systems have been traced to sites belonging to China's People's Liberation Army, Vice Premier Simon Chang told Reuters in an interview, without elaborating on the locations.
"Taiwan has no enemy in the international community except you-know-who. Who in the world would try to hack Taiwan?" Chang, a former director of Asia hardware operations for internet giant Google Inc, said.
China has vehemently denied accusations of cyber theft.
Making the case for Taiwan's inclusion in the "Cyber Storm" drill, Chang reiterated the long-held view that China's 'cyber army' regularly uses Taiwan as a 'testing ground' for its most advanced hacking attempts.
"The U.S. has the Cyber Storm drill - we were not invited. We would like to be invited," Chang said.
The drill is held biennially, according to the website of the U.S. Department of Homeland Security, though the timing for the next one is unknown.
Taiwan had invited U.S. officials to observe its own mock drill against cyber attacks in 2013.
Cooperation between Taiwan and the United States would aim to strengthen defences against hackers looking to steal government, military and industrial intelligence.
Taiwan was the most-targeted country in the Asia-Pacific region during the first half of 2014 for hacking attempts aimed at penetrating computer systems to steal data, according to U.S. data security firm FireEye Inc.
Chang said the percentage of cyber attacks on government systems originating from mainland China was "very high", and warned that there was potential for hackers to use Taiwan as a back door into the U.S. systems.
"The possibility is there," Chang said, while emphasizing that the main purpose of Chinese hacking attempts into Taiwan is not to steal U.S. data and that he has "no way of knowing" if an incursion into Taiwan has led to any U.S. intelligence leaks.
Despite a raft of recent trade deals between the two historical foes, China regards Taiwan as a renegade province and has not ruled out the use of force to bring it back under its control.
The two sides' shared language, culture and political animosity make Taiwan a particularly high-profile target for Chinese hackers.
Chang warned in January that all of Taiwan's government departments were subject to "staggering" numbers of hacking attempts, including departments that were not related to cross-straits matters but could be used as spring-boards to gain access elsewhere.
The Center for Strategic and International Studies, based in Washington, published a paper in January that noted Taiwan could be a major asset for exercises like "Cyber Storm".
"Taiwan is uniquely positioned to assist the international community in protecting itself from cyber theft," the authors wrote.
Earlier this month, U.S. President Barack Obama told Reuters he was concerned about Beijing's plans for a far-reaching counter-terrorism law that would require technology firms to hand over encryption keys, the passcodes that help protect data, and install security "backdoors" in their systems to give Chinese authorities surveillance access.
Taiwan is not discussing cyberspace with China, Chang said.
"I don't think raising this issue is any help," Chang said. "You're only going to let them know that you know what they're doing. It's only going to make them more cautious and more crafty." | TAIPEI, March 30- Taiwan wants to join a major anti-hacking drill conducted by the United States to strengthen cyber security ties with its staunchest ally, its vice premier said on Monday, a move which would help safeguard against constant targetting by hackers in rival China. Many hacks into Taiwan systems have been traced to sites belonging to China's... | 10.757576 | 0.969697 | 36.575758 | low | high | extractive |
http://www.cnbc.com/2015/03/25/finding-best-tech-stock-intuit-vs-western-union.html | http://web.archive.org/web/20150825021826id_/http://www.cnbc.com/2015/03/25/finding-best-tech-stock-intuit-vs-western-union.html | Finding best tech stock: Intuit vs. Western Union | 20150825021826 | Shares of Intuit, which makes software applications for small businesses such as TurboTax and QuickBooks, is seeing good times this year after reporting better-than-expected earnings.
Meanwhile, Western Union's stock has seen its stock rise as well, as it continues to have a large presence abroad, with 70 percent of revenue coming from overseas.
These two technology companies are squaring off Wednesday night against each other on "Fast Money," as part of the show's Madness challenge. Here's a preview of the traders' thoughts so you can make the trade now. | On CNBC's "Fast Money," as part of their Madness challenge, the traders debate Intuit vs. Western Union. | 4.826087 | 0.826087 | 3.521739 | low | medium | mixed |
http://www.cnbc.com/2015/03/20/wall-street-to-focus-on-fed-speakers-tiffany-results.html | http://web.archive.org/web/20150825031117id_/http://www.cnbc.com/2015/03/20/wall-street-to-focus-on-fed-speakers-tiffany-results.html | Futures higher as Street eyes earnings, Fed speakers | 20150825031117 | U.S. stock index futures pointed to a sharply higher open on Friday, as investors digested earnings reports and awaited speeches by two U.S. Federal Reserve policymakers.
Tiffany reported results before the opening bell, that showed 1 percent drop in quarterly sales, hurt by a stronger dollar and weak demand during the holiday shopping season.
Darden Restaurants reported same store sales rose 3.6 percent in the most recent quarter, and boosted its outlook for the full year.
Simon Property made its "best and final offer" to acquire all outstanding shares of operator Macerich for $95.50 a share in cash and Simon shares, an approximate value of $23.2 billion, including assumption of about $6.4 billion of outstanding Macerich debt, a Simon press release said. Earlier this week, the smaller mall property operator rejected Simon's initial $14.39 billion unsolicited offer. Macerich shares plunged more than 9 percent in pre-market trade, while Simon shares edged about half a percent lower.
Amazon gained in pre-market trade on news the e-commerce giant received approval from the Federal Aviation Administration to test drones in Washington State. The firm could see some headway on the "Prime Air" service it would like to offer. | U.S. stock index futures pointed to a sharply higher open, as investors digested earnings reports and awaited speeches by two U.S. Fed policymakers. | 9.24 | 0.96 | 9.92 | low | high | extractive |
http://www.cnbc.com/2015/04/15/airplane-wi-fi-vulnerable-to-hackers-report-says.html | http://web.archive.org/web/20150825094045id_/http://www.cnbc.com/2015/04/15/airplane-wi-fi-vulnerable-to-hackers-report-says.html | Airplane Wi-Fi vulnerable to hackers, report says | 20150825094045 | Brent Lewin | Bloomberg | Getty Images
An employee demonstrates wireless Internet capabilities on a screen in the first-class cabin aboard an American Airlines airliner at Hong Kong International Airport.
"We really need to understand that folks can fly safely. The transportation system is safer than it's ever been," said Steve Grobman, chief technology officer at Intel Security Group, in a CNBC "Closing Bell" interview.
Entering plane systems through passenger Wi-Fi is possible, Grobman noted. But he said that airlines and regulators have "many, many measures in place to protect against the type of scenario we're talking about."
Read MoreThink only big firms get hacked? Wrong
Planes have a separate firewall between in-flight Wi-Fi and avionics, added David Kenny, CEO of information security firm TrustedSec. Grabbing the controls would require "someone who's at least a skilled hacker," he said.
Boeing and Airbus did not immediately respond to CNBC's request to comment on the report. | Hackers may be able to access plane controls in some commercial jets, but it may not pose an imminent threat, experts told CNBC. | 7.576923 | 0.461538 | 0.461538 | low | low | abstractive |
http://www.bostonglobe.com/business/2015/08/24/stocks-recover-somewhat-after-steep-dive-but-questions-remain-about-china-and-growth/NwYRf572APQFQInSKVkBPP/story.html | http://web.archive.org/web/20150825130804id_/http://www.bostonglobe.com/business/2015/08/24/stocks-recover-somewhat-after-steep-dive-but-questions-remain-about-china-and-growth/NwYRf572APQFQInSKVkBPP/story.html | Stocks recover somewhat after steep dive, but questions remain about China and growth | 20150825130804 | Stocks recovered a portion of their historic 1,000-point dive Monday, but ended on a down note as investors grew more concerned that China’s slowdown could cause a global slowdown.
The Dow Jones industrial average shed 3.6 percent of its value, or 588 points, to close at 15,871.28. The Standard & Poor’s 500 index, a broader measure of US stocks, was down nearly 4 percent, as was the Nasdaq Stock Market.
For stock investors, it was the most jarring day since the financial meltdown in 2008, even as many professional money managers said fears about China did not warrant so drastic a downturn in US equity prices.
“It’s actually encouraging that we’re bouncing off the bottom,’’ said Lori Heinel, chief portfolio strategist for State Street Global Advisors in Boston, as stocks were rebounding. “We think the fundamentals suggest we’ve oversold here.”
Not that they weren’t expecting a difficult day on Monday. Friday’s stock slump of more than 500 points had investors on alert Monday morning. Some had hoped China would take action over the weekend to calm the markets, but that didn’t happen. Stocks in China and Europe dove sharply overnight, sparking a negative US open.
US stock markets sank in morning trading Monday in a wave of fear that circled the globe after a historic plunge in Chinese stocks.
“I’m surprised where we opened,’’ said Eddie Perkin, chief equity investment officer at Eaton Vance Management, a Boston mutual fund manager. “We’re actually looking for things to buy.”
Experts have warned of a correction after six years of a bull market, and many said Monday’s drop was driven in part by technical trading, such as a handful of exchange-traded funds that track indexes dropping by as much as 40 percent in the morning.
“It felt a little bit like the flash crash, not human panic,’’ Perkin said.
In addition, late August is a period when many investment professionals are on summer vacation, meaning there were fewer buyers to offset the selling.
“Everything that’s happening in the market is happening on extremely low volume,’’ said Elaine Stokes, a fixed-income portfolio manager at Loomis Sayles & Co. in Boston. “We’re dead in the center of the time of year when most of the traders on Wall Street take their two-week vacations. That affects markets.”
Bond investors got a boost from the intense stock volatility of Friday and Monday, and the general outlook for bonds improved for the near term. That’s in large part because the Federal Reserve is now expected to put off even further a US interest rate hike.
Hardly anyone still thinks the Fed will raise rates in September now.
“If the markets continue to be this rattled, it would be really hard for them to come out and raise rates,’’ Stokes said.
The greater concern is the economy, not just in China but in the United States, if global growth slows down. A more volatile stock market also could spook consumers, investors said.
“If we remain weak through September, everyone’s going to open up their statement and see the value of their mutual funds,’’ Stokes said. “That could affect the US consumer who’s just getting their legs back.”
On the currency front, Lee Ferridge, head of Macro Strategy at State Street Global, said the dollar was underperforming Monday as investors assessed what slower global growth might mean. Most people seemed braced for a choppier period in the markets, even if stocks manage to shake off the worst of the China slump.
“Whilst the move itself was overoverdone, I don’t think this is the end of a longer period of downward pressure and volatility,’’ Ferridge said. | Stocks recovered part of their historic 1,000-point dive, as some investors sought bargains and others surveyed the wreckage. | 36.75 | 0.75 | 1.95 | high | low | mixed |
http://www.cnbc.com/2015/04/07/1-in-4-poor-americans-fear-technology-will-replace-their-job.html | http://web.archive.org/web/20150825181801id_/http://www.cnbc.com/2015/04/07/1-in-4-poor-americans-fear-technology-will-replace-their-job.html | 1 in 4 poor Americans fear technology will replace their job | 20150825181801 | A surprising number of lower-income U.S. workers are spooked by technology.
Among workers making less than $30,000 per year, 25 percent report they are concerned their job could be replaced by technology in the next five years, according to CNBC's latest All-America Economic Survey released on Tuesday. Only 4 percent of the wealthiest Americans, earners above $100,000, share the same concern.
When it comes to technological fear, the nation also splits along educational lines: one fifth of those with a high school degree or less are afraid of losing their job to a robot. Only 6 percent of post-grads are concerned.
The CNBC poll highlights Americans' complex relationship with technology, with 52 percent saying a growing reliance on technology is generally bad as people become too dependent on it and life will get too complicated. In a similar question asked by Pew Research in 1999, only 39 percent believed this was the case. Income and education are again key factors with the least-educated and poorest Americans most concerned about technological dependence.
Despite these drawbacks, 55 percent of respondents say a growing reliance on technology is net positive for the economy because it means products and services can be made more efficiently and sold at lower prices to consumers.
Read MoreAmericans' view on economy reaches 8-year highs
Americans' acceptance of technology in the workplace might be explained by a more efficient work day; 59 percent say the Internet and technology has made them more productive at work. This compares to just 46 percent in a similar survey conducted in 2014 by the Pew Internet and American Life Project Poll. | Among workers making less than $30,000 per year, 25 percent report they are concerned their job could be replaced by technology, a new survey says. | 10.655172 | 0.931034 | 18.37931 | low | medium | extractive |
http://fortune.com/2012/01/19/china-cant-grow-its-way-out-of-a-european-recession/ | http://web.archive.org/web/20150826060437id_/http://fortune.com/2012/01/19/china-cant-grow-its-way-out-of-a-european-recession/ | China can’t grow its way out of a European recession | 20150826060437 | FORTUNE – For the past three decades, China has seen impressive growth. Even more impressive is the way officials there have engineered a robust economy in recent years.
While most of the rest of the world was mired in recession in 2008 and 2009, China’s economy expanded by more than 9% annually. And to the surprise of many forecasters, officials announced earlier this week that China grew more than expected at the end of last year. GDP rose 8.9% during the fourth quarter, even as Europe’s unfolding debt crisis unnerved investors. Admittedly, growth ended 2011 at the slowest pace in 2-1/2 years, but still higher than most expected. And perhaps more importantly, above the 8% minimum that economists believe is needed for sufficient job creation.
It’s clear that China can orchestrate economic growth. But in the coming months – given the fallout transpiring in Europe – it will prove much harder for officials to orchestrate what economists call a “soft landing.” That’s the daunting task of slowing double-digit GDP growth to mid single-digit growth and reining in inflation, and at the same time cooling its hot real estate market without crashing it.
What has set China apart over the years is its unique ability to tweak its economy in a way that pleases both the public and private sectors. In the wake of the 2008 financial crisis, China launched a massive stimulus plan and largely averted a recession. Officials invested billions in infrastructure projects and encouraged banks to lend and fund construction of everything from apartments to soaring office towers. What’s more, in 2010, while most developed nations struggled to recover from the global recession, China’s economy outpaced Japan to become the world’s second-largest economy after the U.S.
15 business people who’ve changed China
But then the Chinese economy was growing too fast. Prices for homes, in particular, skyrocketed and put home ownership out of reach for millions. And when many investors wondered if the property bubble would burst, officials implemented policies to reel in inflation by hiking interest rates and tightening lending standards.
Now that investors worry China may not be growing enough, it has gradually shifted to looser monetary policies. Chiefly, the government has instructed banks to increase their lending, which, unlike in the U.S., is possible since all large banks are owned by the state.
Yet China’s resilience appears to be waning and 2012 could be a very tough year. The country that has avoided other economic headwinds may have more trouble escaping the wrath of Europe’s debt crisis. China’s growth for all of 2011 slipped to 9.2% — a pace the U.S. and Europe could only dream of. But that’s still markedly weaker growth from the 10.4% in 2010 and it’s a pace last seen in 2009 during the global financial crisis.
Economists widely believe that growth of at least 8% is needed for a soft landing. But the latest GDP figure highlights a significant drop in exports, which essentially drives China’s economy. In December, Chinese goods and service sold abroad rose 13.4%, marking the slowest export growth since November 2009 aside from seasonal blips due to New Year holidays.
“The risk for China is that the external factors would be more of a drag as we move in 2012,” says Nicholas Lardy, author of Sustaining China’s Economic Growth after the Global Financial Crisis and senior fellow at The Peterson Institute for International Economics. Lardy says the slowdown in exports is particularly worrisome, given that China’s growth has been slowing down for the past four consecutive quarters. Expectations this year of a recession in Europe – one of China’s key markets – and its possibly wider impact on the rest of the world could knock off another percentage point in exports.
At this point, it seems China can only do so much. It likely won’t be very easy for officials to dole out another massive stimulus plan. This comes, as Joseph Sternberg of the Wall Street Journal notes, as many economists expect some large portion of loans approved as part of the last package to go sour.
So while it seems China has miraculously dodged more than a few headwinds, the crisis in Europe could be the malaise it can’t escape. | China has defied many economic forecasters with its steady but slowing growth. But in an ominous sign, exports are dropping, and a recession in Europe may be the obstacle its central bankers can't overcome. | 20.923077 | 0.692308 | 1.461538 | medium | low | abstractive |
http://www.cnbc.com/2015/08/17/blue-bell-ice-cream-returning-to-stores-aug-31.html | http://web.archive.org/web/20150826224049id_/http://www.cnbc.com/2015/08/17/blue-bell-ice-cream-returning-to-stores-aug-31.html | Blue Bell ice cream returning to stores Aug 31 | 20150826224049 | Blue Bell ice cream will return to stores at the end of August, months after a national recall for listeria concerns.
The Texas-based company will roll out its products again in five phases starting on Aug. 31. Blue Bell's plan to sell ice cream in parts of 15 states will "take some time" as it attempts to reboot production facilities, said Ricky Dickson, Blue Bell vice president of sales and marketing, in a video posted Monday.
"We've been working to make our facilities even better and to ensure everything produced is safe, wholesome and the highest quality for you to enjoy," he said. | Blue Bell ice cream will start returning to stores at the end of August, months after a national recall due to listeria concerns. | 4.92 | 0.88 | 8.16 | low | medium | mixed |
http://www.bostonglobe.com/arts/music/2015/08/27/jason-aldean-tall-saddle-for-gillette-shows-with-kenny-chesney/RaYRwtKwWmLFcVQP3YxGQL/story.html | http://web.archive.org/web/20150831164415id_/http://www.bostonglobe.com:80/arts/music/2015/08/27/jason-aldean-tall-saddle-for-gillette-shows-with-kenny-chesney/RaYRwtKwWmLFcVQP3YxGQL/story.html | Jason Aldean tall in the saddle for Gillette shows with Kenny Chesney | 20150831164415 | Jason Aldean chuckles when discussing Zac Brown Band’s recent three-night stand at Fenway, which bested — by one night — Aldean’s own pair of fast-selling, record-setting 2013 shows at the park.
“I heard, it’s fine — I guess we’ll try to go do four next time,” the country star says good-naturedly on the phone from a Delaware tour stop. He adds, more seriously, “Hats off to Zac, that’s a big thing to do. That’s cool simply for the fact that you’ve got that many country fans coming out to see shows. To me, that’s the most important thing; it just makes us want to come back there that much more often.”
That many fans and likely more will be filling Gillette Stadium this weekend as Aldean’s “Burn It Down” tour teams up with Kenny Chesney’s “Big Revival” trek for two nearly sold-out co-headlining shows on Friday and Saturday. (The shows were previously listed as sold out, but at press time Ticketmaster had additional tickets available.)
Aldean, who grew up in Georgia as a Red Sox fan — as his American League team, he clarifies, noting his loyalty to his National League Braves — has been amazed at the support he has gotten in the Hub. He has befriended numerous local sports luminaries, including former Patriot Matt Light and Red Sox pitchers Jon Lester, John Lackey, and current hurler Clay Buchholz — or as he jokingly puts it, “all the rednecks on the team.”
Local audiences, he says, “have always been very supportive and cool to us, and that was a huge reason we wanted to do the Boston Strong show.”
The 38-year-old says he will never forget the May 2013 concert at the TD Garden to benefit victims of the Marathon bombing. Aldean was among only a handful of participants without local ties. Meeting with both those who suffered injuries during the attack and some of his heroes — including Jimmy Buffett and James Taylor — made for “just a really cool, special night.”
He hopes the same will be true for his shows with Chesney, another hero, with whom he has enjoyed joining forces for a dozen shows this summer. Aldean comes into Gillette cresting a wave of three back-to-back No. 1 hits — “Burnin’ It Down,” “Just Gettin’ Started,” and “Tonight Looks Good on You” — from his 2014 album “Old Boots, New Dirt.” He and Chesney have been engaging routinely in a grand-finale jam on their own songs as well as covers by John Mellencamp and Bryan Adams.
“Here’s an opportunity for us to do something that’s not an everyday thing,” says Aldean of the joint effort, which concludes this weekend at Gillette, after which he continues his own trek through the fall. “I can go play my stadium shows and Kenny can play his, or we can team up and really do something that’s special, and make it a big event and something that people aren’t going to see every day.” (The joint venture has also proved a testosterone fest, including openers Brantley Gilbert, Cole Swindell, and Old Dominion; Aldean reports that video panels from the stage set were used to watch the Mayweather-Pacquiao fight.)
“I think when you have somebody out there on the road with you that doesn’t necessarily have to be there, it says a lot about that person,” Chesney says. “We have a blast onstage together, and there is without a doubt an amazing mutual respect. Jason’s built his own audience his own way, and I think that that’s going to continue, and I’m proud of him — not just this year, but getting to this point is hard. I’m really glad that we decided to do this, because trust me: It doesn’t always work out.”
Aldean had a bit of trouble working out his set list, thanks to the champagne problem of 16 No. 1 singles. “For the most part, every song we play has been a hit. In the early days that’s a place you’re striving to get to, and to finally be there . . . we’ve actually taken songs that were No. 1 hits out of the show,” Aldean says, clearly incredulous at his own success. “Not in a million years did I think I would ever be able to say that. It’s a good spot to be in.”
Between tour stops, Aldean has been in the studio hoping to add to his tally. He’ll continue to record in earnest when the sojourn concludes, with an ideal release date coming next summer.
“It seems like on the last two records we’ve had a hard time finding big uptempo songs,” he says, predicting that his next effort will be “probably be more like the ‘Wide Open,’ ‘My Kinda Party’ records, where there’s a lot of tempo and energy.”
And if there’s any pressure to stay at the level he has attained, it’s not pressure Aldean is putting on himself.
“I just sort of do what I do, and we try to give people the best experience possible, and that’s what’s put us in the position that we’re in to play stadiums,” he says, adding he is just as happy to play smaller venues. “As long as people are excited that we’re in town and come see us, that’s the main thing. I don’t want to overthink it too much.”
KENNY CHESNEY and JASON ALDEAN
With Brantley Gilbert, Cole Swindell, and Old Dominion. At Gillette Stadium, Friday and Saturday at 5 p.m. Tickets $59.50-$265. 800-745-3000, www.ticketmaster.com | Country star Jason Aldean rolls back into town with co-headliner Kenny Chesney and a clutch of strong support acts for two shows at Gillette Stadium. | 40.857143 | 0.857143 | 1.5 | high | medium | abstractive |
http://www.cnbc.com/2015/09/01/smaller-merchants-prepare-for-fraud-proof-cards.html | http://web.archive.org/web/20150905054012id_/http://www.cnbc.com/2015/09/01/smaller-merchants-prepare-for-fraud-proof-cards.html | Smaller merchants prepare for fraud-proof cards | 20150905054012 | Businesses big and small are preparing for a major shift in their credit and debit card systems.
Come Oct. 1, credit card issuers will shift responsibility for fraudulent transactions to merchants. The new cards are called EMV (Europay, Mastercard and Visa), and include a microchip intended to lessen fraud.
"For small businesses, the move should also be straightforward" to accept chip-enabled cards, said Stephanie Ericksen, vice president of risk products at Visa. There are a bevy of point-of-sale platforms that will accept the new cards, ranging from around $50 to several hundred dollars.
The shift is especially important for smaller merchants who usually have limited resources for technology upgrades including ways to protect against fraud. The cost of data breaches has increased significantly for small companies.
Read MoreThe growing need for more women cybersleuths
In 2014, cyberfraud cost a small business an average of around $20,000 in damages, up from $8,600 in 2013, according to data from the National Small Business Administration. | Businesses big and small are preparing for a major shift next month in their credit and debit card systems. | 9.9 | 0.9 | 8.2 | low | medium | extractive |
http://www.cnbc.com/2015/09/04/swiss-consumer-prices-fall-most-in-56-years.html | http://web.archive.org/web/20150905093300id_/http://www.cnbc.com/2015/09/04/swiss-consumer-prices-fall-most-in-56-years.html | Swiss consumer prices fall most in 56 years | 20150905093300 | The Swiss National Bank's governing board next meets on Sept. 17 to discuss its monetary stance but the latest data are unlikely to affect policy, economists said.
SNB Chairman Thomas Jordan recently reaffirming the central bank's commitment to lowering the Swiss franc.
"For the upcoming quarterly assessment, we think the SNB will keep current interest rates at -0.75 percent and will continue to intervene in the foreign exchange market, if necessary, as they have indicated for some time now," Credit Suisse economist Maxime Botteron said.
August marked the tenth straight month prices have fallen year on year, a trend which started in late 2014 but was exacerbated from January when the SNB abruptly removed its cap on the franc, set at 1.20 per euro.
The franc's subsequent surge has lowered the price of imports from the euro zone. In August the cost of overall imports fell by 5.5 percent year on year, the FSO said.
Cheaper oil has also kept a lid on prices, leading to lower input and supply costs on heating oil, petrol and diesel.
Overall consumer prices were at their lowest point since September 2007.
Prices for domestic goods remained unchanged from the previous month and from the previous year, highlighting that the overall decline resulted from falling supply costs rather than a drop in demand.
"We don't think Switzerland is in a deflationary spiral," Botteron said. "If we look at domestic prices, they are moderately increasing. For example, housing rent was up in August."
Economists have cited Swiss consumption in the face of challenging circumstances as Switzerland evaded an anticipated recession in the second quarter partly through a rise in consumer spending. | Swiss consumer prices fell in August by the most in 56 years, the strongest indication yet of the pricing pressure from Switzerland's strong currency and low oil prices. | 10.387097 | 0.645161 | 0.83871 | low | low | abstractive |
http://www.cnbc.com/2015/09/01/better-goal-setting-increases-retirement-savings.html | http://web.archive.org/web/20150905133647id_/http://www.cnbc.com/2015/09/01/better-goal-setting-increases-retirement-savings.html | Better goal-setting increases retirement savings | 20150905133647 | Short-term planning may be more in line with how our brains are wired, experts said.
Until relatively recently, "people were really focused on just surviving until the end of the day. Life expectancy was relatively short, and immediate needs were so dominant," said Jennifer Putney, vice president of participant engagement at Prudential Retirement. "This whole concept of long-term planning is just completely foreign to the human brain."
As a result, she said, "you could make an argument for switching to a short-term perspective around savings, rather than asking people to work on acquiring a large pot of money at the end of the rainbow 20, 30, or 40 years in advance." For younger clients, she said, "we try not even to use the word retirement. We talk about saving for your future, creating additional opportunities."
Michael Liersch, managing director and head of behavioral finance for Merrill Lynch Wealth Management, is a firm believer in the power of near-term goals to improve savings behavior.
"When you bring the future to the present, people are much more able to make trade-offs that are in their interest," he said. "Once people see that small progress toward their goals, that becomes exciting and empowering. They'll escalate their commitment to achieve that goal." | A different time horizon can have a significant effect on how people save for retirement, experts say. Here's how. | 11.478261 | 0.521739 | 0.608696 | low | low | abstractive |
http://www.cnbc.com/2015/09/04/reuters-america-global-markets-shares-slide-ahead-of-us-jobs-data.html | http://web.archive.org/web/20150905174920id_/http://www.cnbc.com/2015/09/04/reuters-america-global-markets-shares-slide-ahead-of-us-jobs-data.html | GLOBAL MARKETS-Shares slide ahead of U.S. jobs data | 20150905174920 | * Europe shares drop on caution about U.S. jobs report
* Euro steadies after hitting two-week low vs dollar, 3-month trough vs yen
* Asian shares down for seventh straight week, worst run since 2011
* Oil sags back to $50 a barrel but up for second week
LONDON, Sept 4 (Reuters) - World shares slid towards their fourth weekly loss in the last five on Friday, as a boost from a supportive-sounding European Central Bank gave way to caution ahead of closely watched U.S. jobs data. Rumbling concerns about China had consigned Asian shares to a seventh straight weekly loss and Europe's markets started 1.3 to 1.6 percent in the red after gains of almost 2.5 percent on Thursday. Those had been driven by ECB President Mario Draghi, who said the bank was prepared to expand its 1 trillion euro stimulus programme aimed at lifting growth and inflation in the euro zone. But Friday's focus was on whether U.S. jobs data due at 1230 GMT would keep Federal Reserve on track to raise its record low interest rates. Economists polled by Reuters expect the U.S. economy to have produced 220,000 new jobs last month, continuing the robust employment creation of the past five years. Average hourly earnings are predicted to have risen by 0.2 percent, as they did in July. If they do come in strong it will keep alive chances that a Fed hike, which would be its first in almost a decade, could come this month. Following a tough last month for global markets however, markets now see December or early next year as more likely. "We were until recently firm Septemberists but now it's very much on a knife edge," said Luke Bartholomew at Aberdeen Asset Management in London. "Market volatility has shaken them (Fed policymakers) somewhat ... so seeing that markets are very fragile, do they want to shock them with hiking now? I think that is a very live debate now." In the currency markets, the dollar fell fractionally against the yen to 119.21 as the safe-haven Japanese unit capped a third week of gains ahead of the jobs data. The euro also clawed back above $1.1140 having been chopped to a two-week low of $1.10875 and a four-month low against the yen by Draghi's talk of more money printing on Thursday. The ECB also cut its growth and inflation forecasts and warned of possible further fallout from China. Coupled with a potential delay to a Fed move, euro zone bond yields fell further on Friday, with German 10-year yields, hitting their lowest level in nearly a week.
CRISIS PROPORTIONS Asia's ongoing strains remained close to surface despite hard-hit Chinese markets being closed for a second day. MSCI's broadest index of Asia-Pacific shares outside Japan chalked up its worst weekly losing streak since 2011 as it ended the latest one down more that 4 percent. Japan's Nikkei fared even worse. It fell 2.5 percent on the day and 7 percent for the week as it slumped to a seven-month low. There was so sign of relief for the region's emerging market currencies either. Bank Negara Malaysia was spotted intervening to stem the ringgit's weakness as confidence continued to be hit by a corruption scandal swirling round Prime Minister Najib Razak. The South Korean won has slid 1.5 percent throughout this week as foreign investors have also kept selling Seoul shares, while Indonesia's rupiah is down 1.5 percent. Wading in overnight, the Institute of International Finance warned the current slump in emerging market stocks -- down 40 percent since April -- and currencies has now reached "crisis proportions" Even if the Federal Reserve were to hold off from raising U.S. interest rates in September, it was only likely to offer "short-term relief," it added. In commodities markets, which have been battered by fears of a hard landing in China, trade remained highly volatile. After gains in early trading, Brent crude futures slipped 1.1 percent to $50.10 per barrel although it was clinging to a second week of modest gains. Copper fell 1.2 percent to $5,181 per tonne after surging to $5,314 on Thursday, its highest in over three weeks, as bearish investors closed out positions ahead of the U.S. jobs data. Aluminium dipped back too, having also shot up to a one-month peak $1,641 a tonne. A flood of data from China in coming weeks is likely to point to further weakness in the world's second-largest economy, reinforcing expectations that Beijing needs to roll out fresh stimulus measures and keeping global financial markets on edge.
(Additioal reporting by Nichola Saminather and Hideyuki Sano in Singapore and Tokyo; Editing by Catherine Evans) | LONDON, Sept 4- World shares slid towards their fourth weekly loss in the last five on Friday, as a boost from a supportive-sounding European Central Bank gave way to caution ahead of closely watched U.S. jobs data. Rumbling concerns about China had consigned Asian shares to a seventh straight weekly loss and Europe's markets started 1.3 to 1.6 percent in the red... | 12.927536 | 0.985507 | 59.507246 | low | high | extractive |
http://www.cnbc.com/2015/08/19/these-5-foods-are-costing-you-more.html | http://web.archive.org/web/20150905183418id_/http://www.cnbc.com/2015/08/19/these-5-foods-are-costing-you-more.html | These 5 foods are costing you more | 20150905183418 | This pork cut rose 2.1 percent during July.
The same factors at play in the rise in bacon and related products are also behind the increase in pork chop costs.
This index shot up 2.9 percent.
Sawyer attributes part of the rise in lamb prices to high prices in beef, a substitute good.
"As beef gets more and more expensive, there are a lot of products that could be competitive, and that's true for chicken and pork and that's true for lamb as well," he said.
An index for butter ticked up 1.7 percent last month as milk prices also rose 1.4 percent. | What's really putting a hole in your grocery budget? | 11.090909 | 0.272727 | 0.272727 | low | low | abstractive |
http://www.cnbc.com/2015/08/10/clinton-to-propose-350-billion-in-college-affordability-plan.html | http://web.archive.org/web/20150905213257id_/http://www.cnbc.com/2015/08/10/clinton-to-propose-350-billion-in-college-affordability-plan.html | Clinton to propose $350 billion in college affordability plan | 20150905213257 | But Clinton doesn't go quite as far as some more liberal politicians and party activists, who've made "debt- free college" an early litmus test for the presidential primary field. In May, Vermont Sen. Bernie Sanders released his own plan that would eliminate tuition and fees for public universities. The $70 billion annual proposal would be funded by imposing a tax on transactions by hedge funds, investment houses and other Wall Street firms.
While military veterans, lower-income students and those who complete a national service program, like AmeriCorps, would go to school for free in the Clinton plan, others would incur costs for their schooling and living expenses at four-year public universities. "For many students, it would translate into debt-free tuition," said Carmel Martin, executive vice president for policy at the Center for American Progress, who advised Clinton on the plan. "It will depend on the student circumstances and the institution they are going to."
For most students, their families will still be expected to make a "realistic" contribution, say Clinton's aides, and students will contribute wages from 10 hours of work per week.
Those currently repaying loans would be able to refinance their outstanding debt at lower rates, a change Clinton's aides say will save an average of $2,000 for 25 million borrowers over the life of the loan—an amount that's equal to just about $17 month over a 10-year repayment period. She would also expand income-based repayment programs, allowing every student borrower to enroll in a plan that would cap their payments at 10 percent of their income with remaining debt forgiven after 20 years.
Read More Avoid student-loan default: Pay interest when in school
Private universities with "modest endowments" that serve a higher percentage of low-income students, including historically black colleges, would also receive federal funds to help lower the costs of attendance and improve graduation rates.
The cost of Clinton's plan would be offset by capping itemized tax deductions for wealthy families at 28 percent, like those taken by high-income taxpayers for charitable contributions and mortgage interest. That proposal, which has long been included in President Barack Obama's annual budget, would raise more than $600 billion in the next decade, according to the Treasury Department. | Hillary Clinton on Monday will unveil a $350 billion plan aimed at making college more affordable and reducing the crushing burden of student debt. | 17.153846 | 0.615385 | 0.692308 | medium | low | abstractive |
http://www.cnbc.com/2013/09/26/obamacare-cnbc-explains.html | http://web.archive.org/web/20150905213626id_/http://www.cnbc.com/2013/09/26/obamacare-cnbc-explains.html | Obamacare: CNBC Explains | 20150905213626 | President Barack Obama's landmark health-care reform law is called several things—the Patient Protection and Affordable Care Act, or just the Affordable Care Act—but even he uses the name given to it by its critics: Obamacare.
It's a simple name for a complicated law that is trying to tackle both the problem of providing affordable health insurance to just about every American, while also aiming to slow down the rate of inflation of health-care costs, which account for nearly one-fifth of America's economy.
At the same time, the ACA will cost the government $1.36 trillion to implement over the next decade, according to estimates by the Congressional Budget Office.
Obama signed the law in 2010, and many of its features have already gone into effect since the U.S. Supreme Court decision in 2012 upholding its constitutionality.
(Read more: 8 things to know about Obamacare)
The most controversial aspect of Obamacare—the mandate that individuals obtain health insurance by 2014 or face a financial penalty when they file their year-end tax return—is only just taking full effect, with the opening of enrollment on government-run insurance exchanges in October. The tens of millions of people who don't already have insurance from their employer, a current individual plan, Medicare, or Medicaid will be able to buy insurance on those exchanges operating in each state—and many of those people will get government subsidies to help pay for it.
Under the new law, insurers will be barred from denying people coverage for pre-existing conditions, dropping them when they get sick, putting lifetime limits on benefits paid out, or charging different rates for men and women. The insurance plans also must cover certain minimum benefits, such as preventative care, breastfeeding services, child immunizations and adult vaccinations.
(Read more:Health exchanges: CNBC explains)
And people who are younger than age 26 can be covered by their parents' insurance plans.
Medicaid, the federal health program for poor people, is being expanded to cover lower-income people who weren't already covered. But the 2012 Supreme Court decision left it to individual states to decide whether to authorize the expansion within their boarders—and as of late September only about half of the states are doing so.
(Read more: Medicare and Medicaid: CNBC Explains)
The Obamacare mandate that companies with more than 50 full-time workers offer affordable health insurance plans to employees or face a fine has been delayed until 2015.
The law seeks to control health-care costs by penalizing hospitals who have patients re-admitted shortly after they are discharged and by requiring insurers who spend too much on overhead to reimburse a portion of premiums to customers. Obamacare also financially encourages doctors, hospitals and other health providers to use a team approach in treating Medicare patients.
—By CNBC.com's Dan Mangan. Follow him on Twitter @_DanMangan. | Obamacare is going into full effect this fall, requiring millions of people to buy health insurance that has new minimum benefits. CNBC explains more about this law. | 18.766667 | 0.866667 | 1.4 | medium | medium | abstractive |
http://www.cnbc.com/2015/01/20/emotions-count-the-brain-chemistry-behind-investing.html | http://web.archive.org/web/20150906021223id_/http://www.cnbc.com/2015/01/20/emotions-count-the-brain-chemistry-behind-investing.html | Emotions count: The brain chemistry behind investing | 20150906021223 | The conclusions make sense if you consider that while the market is unpredictable, it may not be random, constructed as it is from billions of actions of investors.
If you are considering becoming a DIY investor, it may be worthwhile to consider whether your personality traits will hurt or help you along in that goal—and how hard you're willing to work on your capacity for making good investing decisions. Here are some tips, culled from neuroeconomics research.
Know thyself: How aware are you of your own feelings and the situations that prompt them? If you track your feelings in response to the market's movements, you'll be able to use them as an indicator. "Many of the world's best investors have mastered the art of treating their own feelings as reverse indicators. Excitement becomes a cue that it's time to consider selling, while fear tells them that it may be time to buy," writes Jason Zweig in "Your Money & Your Brain," a recent book about neuroeconomics.
The more you practice being aware of your emotions, the more you are able to regulate them, suggested Kuhnen, who noted research that shows that experienced traders have fewer of the physiological hallmarks of fear in response to unusual events, like sweaty palms and a fast-beating heart.
You can also investigate your own theory of mind or take a test that looks at how well you read people's emotions. | People who can control their anxiety and exuberance tend to be better at do-it-yourself investing, research on neuroeconomics shows. | 11 | 0.72 | 0.72 | low | low | abstractive |
http://www.bostonglobe.com/arts/movies/2015/09/03/movie-stars/mmmkNgSseChLysljxsJgFJ/story.html | http://web.archive.org/web/20150906102437id_/http://www.bostonglobe.com/arts/movies/2015/09/03/movie-stars/mmmkNgSseChLysljxsJgFJ/story.html | Movie Stars - The Boston Globe | 20150906102437 | ★★½ Digging for Fire The latest from indie whirlwind Joe Swanberg (“Drinking Buddies”) casts Jake Johnson and Rosemarie DeWitt as new parents having doubts about it all. Likable but lightweight, the movie tills soil that has been churned since humanity began and doesn’t come up with much that’s new. With Sam Rockwell, Anna Kendrick, and Brie Larson. (83 min., R) (Ty Burr)
★★★ Learning to Drive An all-female crew — director, producer, editor, screenwriter, and star (the terrific Patricia Clarkson) — inject zest into this romantic comedy based on a New Yorker article. After losing her husband to a younger woman and her daughter to a boyfriend, a book editor decides it’s time to take control of her life and learn to drive. (89 min., R) (Peter Keough)
★★★ Meru The film doesn’t explain why people climb mountains, but it makes you grateful that they do. Shot by two of the climbers, “Meru” offers astonishing images of their attempt to conquer the “Shark’s Fin” peak of the title mountain. Though less skillfully depicted, the climbers’ inner landscape seems daunting as well. (90 min., R) (Peter Keough)
★★ No Escape Nothing gets the attention of audiences like the prospect of children being victimized. That’s one hook in this thriller about a family that relocates to an Asian country for dad’s new job. Another is the fear of foreign hordes killing Westerners. (103 minutes, R) (Peter Keough)
★★★ Rosenwald As unassuming as its subject, Aviva Kempner’s documentary about the philanthropy of the little known owner of Sears, Roebuck & Co. is a lesson in responsibility. A believer in social justice and racial equality, he gave millions to build schools and endow African-American artists and institutions. (96 min., unrated) (Peter Keough)
★½ War Room The latest release from Sony’s religious-demographic division is so heavy on broad pulpit-pounding that it’s challenging to get swept along by the story. Bible lecturer Priscilla Shirer plays a put-together woman whose life is secretly a shambles. (120 min., PG) (Tom Russo)
★★ We Are Your Friends A drama set in the electronic dance music scene and starring Zac Efron, and, yes, that sentence just canceled itself out. It’s a well-intentioned but formulaic “Saturday Night Fever” knock-off that only occasionally conveys the heady intoxication of the dance floor. With Wes Bentley and Emily Ratajkowski. (96 min., R) (Ty Burr)
★★★½ We Come as Friends An inventive documentarian in the mold of Chris Marker, Hubert Sauper takes radically new approaches to familiar material. Here he explores the ramifications of war-ravaged Sudan in the most basic way possible — flying a self-made airplane there and dropping in on warlords, starving villagers, Chinese engineers, missionaries, and madmen. (109 min., unrated) (Peter Keough)
★★½ Z for Zachariah High-mindedness absorbingly clashes with baser impulse and reason grapples with faith in a three-character apocalyptic tale featuring Margot Robbie, Chiwetel Ejiofor, and Chris Pine. (95 min., PG-13) (Tom Russo) | New releases
★
★
½ Digging for Fire The latest from indie whirlwind Joe Swanberg (“Drinking Buddies”) casts Jake Johnson and Rosemarie DeWitt as new parents having doubts about it all. Likable but lightweight, the movie tills soil that has been churned since humanity began and doesn’t come up with much that’s new. | 10 | 0.953846 | 51.846154 | low | high | extractive |
http://www.cnbc.com/2014/12/05/best-financial-advice-blends-technology-and-human-touch.html | http://web.archive.org/web/20150906145009id_/http://www.cnbc.com/2014/12/05/best-financial-advice-blends-technology-and-human-touch.html | Best financial advice blends technology and human touch | 20150906145009 | While robo-advisors lack the human expertise and experience that traditional advisors possess, they offer an important benefit for investors: Their interactive platforms make their fees and operations more transparent than those of traditional advisors.
Fortunately for investors, more advisory firms are adopting the sophisticated online solutions that robo-advisors rely upon, making them available and transparent at any time.
Read MoreFootball team taps robo-advisor
For example, some registered investment advisors offer interactive client portals that enable investors to view account reports and updates, as well as educational materials such as white papers and videos, at any time. These client portals also include communication tools to facilitate more frequent interaction with advisors, and mobile apps allowing investors to log in from anywhere with an Internet connection.
When choosing a financial advisor, investors should investigate whether or not the advisor offers interactive online solutions that strengthen their relationships with clients and is committed to frequently upgrading its technology.
Online risk assessment tools can match investors with advisors that provide sophisticated technology for clients, and pass on the risk tolerance scores and other calculations they compute to the advisors that investors choose. | Traditional advisory firms that use robo-advisor technology offer the best option for investors in reaching long-term financial goals. | 9.347826 | 0.695652 | 1.130435 | low | low | abstractive |
http://www.cnbc.com/2015/08/07/good-debate-is-carly-fiorina-ready-for-more-spotlight.html | http://web.archive.org/web/20150906160431id_/http://www.cnbc.com/2015/08/07/good-debate-is-carly-fiorina-ready-for-more-spotlight.html | Is Carly Fiorina ready for more spotlight? | 20150906160431 | Since announcing her presidential exploratory committee in November, Fiorina has continued to take a nose-to-the-grindstone approach. She has taken her message to numerous audiences on the ground in Iowa, to "The View" and to midday cable, all the while receiving consistently positive reviews for her ability to articulate her politics.
She impressed at the Iowa Freedom Summit in January. She impressed at CPAC in February. She impressed at the Iowa Lincoln Day Dinner in May.
And yet, for all this impressing, Fiorina has thus far had little to show for it in the polls—averaging less than 3 percent in Iowa, despite campaigning there as hard as any other candidate.
So it was on Thursday night in Ohio that Fiorina impressed yet again, with a commanding and unanimous victory in Fox's second-tier "Happy Hour" presidential primary debate. Her clarity of message stood in stark contrast not only to ho-hummers on stage with her, but to the prime-time debate field, which could barely untangle its swords long enough to take a swipe at the presumptive Democratic nominee.
Fiorina, meanwhile, had no such difficulties.
"Hillary Clinton lies about Benghazi, she lies about emails, she is still defending Planned Parenthood, and she is still the frontrunner," Fiorina said, as she concluded her sortie of attacks on Clinton. "2016 is going to be a fight between conservatism and a Democrat party that is undermining the very character of this nation."
As the only clear victor in either of Thursday's debates, Fiorina seems quite likely to land on the main stage next month, when the candidates gather for their second debate in her former home state of California.
The homecoming storyline alone will put an additional spotlight on Fiorina—and could well awaken some of familiar attacks on her business and conservative records from 2010.
"She was attacked from day one when she ran for the U.S. Senate, and she will have to figure out some really good responses [this time]," said Beth A. Miller, who served as a senior adviser to Fiorina's Senate campaign.
Responses, that is, to the questions of what happened during her tenure as CEO of Hewlett-Packard, where she was forced out in 2005 after overseeing 30,000 layoffs during her six-year reign.
This served as the primary fodder of the entire 2010 race—and threatens to rear its head again, should Fiorina pop too quickly.
"In a lot of ways we approach this with completely fresh eyes," Fiorina's deputy campaign manager, Sarah Isgur Flores, told CNBC.com in an interview in June. "It wasn't that I didn't look back to watch the demons, but I didn't spend a lot of time."
When pressed by reporters, Fiorina has increasingly tried to frame this experience as one of hard choices and tough leadership. But as a lower-tier candidate in a crowded scrum, she has yet to be pressed that hard.
If 2012 was any guide, the 17-person Republican field will likely see many takeoffs and crash landings this cycle, but the businesslike approach of Fiorina over the last five years suggests a certain staying power. There is ample reason why the party at large would want her to stick around. | As the only clear victor of either debate, Carly Fiorina seems quite likely to land on the main stage next month. | 27.695652 | 0.956522 | 7.565217 | medium | high | mixed |
http://www.cnbc.com/2015/09/03/business-wire-over-the-air-software-updates-to-create-boon-for-automotive-market-ihs-says.html | http://web.archive.org/web/20150908054735id_/http://www.cnbc.com/2015/09/03/business-wire-over-the-air-software-updates-to-create-boon-for-automotive-market-ihs-says.html | Over-the-air Software Updates to Create Boon for Automotive Market, IHS Says | 20150908054735 | Industry set to see cost savings of $35 Billion in 2022, new report finds
SOUTHFIELD, Mich.--(BUSINESS WIRE)-- While quite common in smartphones and personal computers, remote over-the-air (OTA) software updates are still only in their infancy in the automotive space, according to a new report from IHS Automotive, the leading global source of critical information and insight to the automotive industry and part of IHS Inc. (NYSE: IHS).
The report finds that over-the-air (OTA) software updates will eventually be a big boon for the automotive industry due to their capacity to reduce warranty costs, potentially increase overall completion rates for software-related recalls, improve customer satisfaction by eliminating trips to the dealership for software upgrades or fixes, and provide the ability to upgrade functionality and add features to automotive infotainment systems over a vehicle’s lifetime.
According to IHS Automotive estimates, total worldwide OEM cost savings from OTA software update events will grow from $2.7 billion in 2015 (primarily from savings related to updating telematics systems) to more than $35 billion in 2022 (with telematics and infotainment system updates comprising most of the savings).
“It is clear that OEM cost savings from OTA software updates will be the most valuable part of this technology—by far,” said Egil Juliussen, Ph.D., director and principal analyst, automotive technology at IHS Automotive, and one of the report’s co-authors.
IHS segmentation for remote over-the-air software updates (SOTA) or firmware over-the-air (FOTA) updates include multiple OTA segments: Map SOTA, Apps SOTA, Infotainment SOTA, Telematics Control Unit (TCU) FOTA and Electronic Control Unit (ECU) FOTA.
Japanese OEMs have been pioneers in navigation map updates in Japan via their telematics systems. BMW, VW and Tesla have all recently announced OTA procedures for updating navigation maps. Hyundai and Ford both have proof of concept systems for OTA map updates, and will also likely deploy such systems in the near term. Total vehicles in operations that are enabled with map OTA updates are projected to grow from approximately 1.2 million units in 2015 to nearly 32 million units by 2022, according to IHS forecasts.
App OTA updates are embedded applications or feature-driven software that is part of infotainment systems such as head-units or telematics systems. This segment is furthest along, with remote software upgrades having been available for several years. The software programs are relatively small in total memory and there are limited associated safety issues; therefore, it is the easiest segment to implement.
Toyota is a leader in this segment using Nuance Dragon Drive, which Nuance acquired from UIEvolution. Both FCA and Nissan have OTA platforms for app updates. IHS expects all major OEMs to introduce app OTA updates by 2019. App OTA update-enabled vehicles in operation total approximately nearly 3 million vehicles in 2015; by 2022, IHS expects that to increase to 53.8 million vehicles.
Infotainment software OTA updates are more complex than software app updates because the programs can be quite large—especially if parts of the OS software need to be updated. Large infotainment software OTA updates may occur over Wi-Fi rather than through LTE 4G service due to mobile network limitations. This category is emerging and will be a growth segment in the next five years, with players like Ford, Chrysler and GM expected to adopt these systems. Infotainment software updates, such as updates to the infotainment OS and user interface, will grow quickly over the next six years, starting from just over 200,000 units in 2015. According to IHS estimates, vehicles equipped with infotainment software OTA capabilities will increase to more than 96.4 million enabled vehicles by 2022.
Telematics control units (TCU) software OTA updates are currently being implemented via telematics systems. OnStar has been updating its latest telematics systems in this manner. Verizon telematics-based systems also have OTA capabilities as this was a core feature in Hughes Telematics’ system architecture that Verizon acquired in mid-2012.
IHS Automotive believes Mercedes-Benz has started using OTA in its latest telematics systems. Other OEMs using Verizon telematics systems are likely to deploy OTA in the near future. The companies using embedded app updates are also expected to have TCU updates, as a tethered smartphone can be used as a telematics system. TCU OTA updates is the largest segment in this industry: IHS forecasts nearly 14.5 million TCU OTA enabled vehicles will be on the road in 2015, with an estimated total of nearly 160 million vehicles on the road with TCU OTA capabilities by 2022.
Deployment for OTA updates in the core electronic control unit (ECU) segment is rare and only Tesla has publicly said it is updating core auto ECUs. Tesla has designed its system and ECU architecture with experienced staff from the PC and consumer electronics (CE) industries and has included OTA features in the basic design. It certainly helped that Tesla did not have legacy systems and could start the system architecture with a clean sheet. IHS predicts that there will be about 86,000 vehicles on the road by the end of 2015 with core ECU OTA update support. That is very low but is expected to grow to approximately 25.7 million vehicles in total by 2022.
“Software expertise is becoming a core competency for auto OEMs and it starts with a good software platform strategy, followed by strong software development and execution," said Colin Bird, senior analyst of software, apps and services at IHS Automotive. “The OEMs that use software platforms most effectively will be able to save development, maintenance and other costs and will use more reliable software code. In fact, OTA updates have the ability to fundamentally transform the sales and customer retention models for OEMs by allowing these companies to maintain their relationship with customers directly throughout the lifecycle of ownership.”
Expanded OEM software expertise could have a significant impact on sales retention, customer satisfaction, brand equity and on franchise dealer networks. However, IHS anticipates the ramp up to firmware over-the-air recall based fixes (the service segment in which car dealers could lose substantial revenue) will be slow, giving car dealers and OEMs time to adjust their business models.
IHS Automotive, part of IHS Inc. (NYSE: IHS), offers clients the most comprehensive content and deepest expertise and insight on the automotive industry available anywhere in the world today. With the integration of Polk in 2013, IHS Automotive provides expertise and predictive insight across the entire automotive value chain from product inception—across design and production—to the sales and marketing efforts used to maximize potential in the marketplace. No other source provides a more complete picture of the global automotive industry. IHS is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2015 IHS Inc. All rights reserved.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150903006570/en/
IHS Inc.Michelle Culver, +1 248-728-7496michelle.culver@ihs.comorPress Team, +1 303-305-802press@ihs.com | SOUTHFIELD, Mich.---- While quite common in smartphones and personal computers, remote over-the-air software updates are still only in their infancy in the automotive space, according to a new report from IHS Automotive, the leading global source of critical information and insight to the automotive industry and part of IHS Inc.. According to IHS Automotive... | 22.296875 | 0.953125 | 27.609375 | medium | high | extractive |
http://www.cnbc.com/2014/11/04/these-billionaires-votes-count-more-than-yours.html | http://web.archive.org/web/20150909215056id_/http://www.cnbc.com/2014/11/04/these-billionaires-votes-count-more-than-yours.html | These billionaires' votes count more than yours | 20150909215056 | Topping the list are Charles and David Koch, who have funneled hundreds of millions of dollars in profits from their family fortune into the 2014 campaign. Their network of PACs, foundations and other nonprofits have backed both individual Republican candidates and wider causes that include lobbying against universal health care and climate change legislation.
Read MoreWhat this election means for the sweep of history
Former New York City Mayor Michael Bloomberg, who has spent a piece of his media fortune promoting gun control and taxes on sugary drinks, ranks second on West's list.
Hedge fund manager Tom Steyer, who has spent big to raise awareness of climate change, comes in third. Casino magnate Sheldon Adelson, who backed several GOP candidates, and Murdoch, included for his ownership of conservative media outlets more than dollar contributions, round out the top five.
Read MoreThe most important political money man you've never heard of
Like any exclusive club, the membership list changes over time. Based on changes in spending patterns and other political work in the midterm election cycle, venture capitalist Peter Thiel, hedge fund manager Robert Mercer, TD Ameritrade founder Joe Ricketts, Paul Singer, Jim Simons and Hollywood producer David Geffen have moved up the list.
Others have seen their rankings drop, including investment guru Warren Buffett, real estate impresario Donald Trump and Wal-Mart heiress Alice Walton. | The Billionaire Political Power Index tracks the wealthiest voters, whose votes count much more than yours does. | 13.684211 | 0.368421 | 0.473684 | low | low | abstractive |
http://www.cnbc.com/2015/08/12/reuters-america-metals-london-copper-aluminium-ease-on-chinas-demand-concerns.html | http://web.archive.org/web/20150910141024id_/http://www.cnbc.com/2015/08/12/reuters-america-metals-london-copper-aluminium-ease-on-chinas-demand-concerns.html | METALS-London copper, aluminium ease on China's demand concerns | 20150910141024 | * Metals under pressure as market awaits China's next move
* Copper, aluminium hover near last session's six-year low
SINGAPORE, Aug 13 (Reuters) - Copper and aluminium lost ground on Thursday as the industrial metals came under pressure on concerns over Chinese demand, with investors cautiously watching the country's next move after it allowed the yuan to decline.
Three-month copper on the London Metal Exchange slid 0.6 percent to $5,157 a tonne by 0142 GMT, not far from last session's six-year low of $5,062 a tonne.
Shanghai Futures Exchange copper gained 1.4 percent to 39,450 yuan a tonne.
London aluminium slipped 0.4 percent to $1,582 a tonne, after sliding to a six-year low of $1,553.50 a tonne in the previous session.
China's yuan opened slightly weaker on Thursday, after hitting a four-year low in the previous session and raising fears of a "currency war".
"A change in exchange rate policy by the Chinese authorities raises as many questions as answers but increases the possibility of a weaker period for the Chinese yuan," Macquarie said in a research note.
"Our base case remains for only a small devaluation, which will not have a large impact."
Chinese importers using bonded copper stocks as collateral for short-term dollar loans face rising costs after the unexpected depreciation of the yuan, potentially forcing smaller firms to give up metal to banks for resale in the coming quarter.
The dollar struggled early on Thursday after retreating broadly overnight as the yuan's depreciation slowed.
A weaker dollar makes dollar-priced metals cheaper for non-U.S. investors.
Copper faced additional pressure after striking contract workers at the world's biggest copper producer, Chile's state-owned Codelco agreed to suspend a three-week strike.
(Reporting by Naveen Thukral; Editing by Richard Pullin) | *Copper, aluminium hover near last session's six-year low. SINGAPORE, Aug 13- Copper and aluminium lost ground on Thursday as the industrial metals came under pressure on concerns over Chinese demand, with investors cautiously watching the country's next move after it allowed the yuan to decline. London aluminium slipped 0.4 percent to $1,582 a tonne, after... | 5.367647 | 0.970588 | 24.882353 | low | high | extractive |
http://www.cnbc.com/2015/08/26/globe-newswire-thermal-insulation-material-market-asia-pacific-excluding-japan-apej-expected-to-gain-400-bps-between-2015-2020-says-future.html | http://web.archive.org/web/20150910182409id_/http://www.cnbc.com/2015/08/26/globe-newswire-thermal-insulation-material-market-asia-pacific-excluding-japan-apej-expected-to-gain-400-bps-between-2015-2020-says-future.html | Thermal Insulation Material Market: Asia Pacific Excluding Japan (APEJ) Expected to Gain 400 BPS between 2015-2020; Says Future Market Insights | 20150910182409 | VALLEY COTTAGE, N.Y., Aug. 26, 2015 (GLOBE NEWSWIRE) -- Asia Pacific Excluding Japan (APEJ) is the most lucrative market for thermal insulation material market, according to a new research report by Future Market Insights (FMI). The report, titled, "Thermal Insulation Material Market: Global Industry Analysis and Opportunity Assessment 2015-2020", estimates the market in APEJ to expand at a compound annual growth rate (CAGR) of 6.3% during the forecast period.
According to FMI, APEJ is not only the largest, but also the fastest growing region in the global thermal insulation material market. The region accounted for a share of 37.8% in 2015 -- FMI estimates it to gain 400 basis points during the forecast period and reach a valuation of US$ 22.25 Bn by 2020.
Plastic foam is the preferred material type for manufacturing thermal insulation in APEJ, and FMI forecasts the status quo to remain unchanged during the forecast period. The plastic foam segment of the APEJ thermal insulation material market is anticipated to expand at a CAGR of 7.2% during the forecast period and reach a valuation of US$ 10.31 Bn by 2020. On the other hand, stone wall and fibreglass, other key materials used to make thermal insulation, are forecasted to expand at CAGRs in the range of 5% to 6%.
Browse Research Report on Thermal Insulation Material Market: http://www.futuremarketinsights.com/reports/thermal-insulation-material-market
Thermal insulation materials in the range of 1°C to 100°C are in demand in APEJ, with this segment accounting for US$ 10.03 Bn out of the total US$ 16.39 Bn market value of the APEJ market. FMI estimates this segment to expand at a CAGR of 6.8% during the forecast period.
Thermal insulation material is anticipated to witness robust demand from China, owing to recent implementation of legislation related to construction materials, as well as increased focus on development of FSRU and FPSO plants. FMI forecasts the China thermal insulation material market to expand at a CAGR of 7% during the forecast period and reach a valuation of US$ 10.14 Bn by 2020.
Japan thermal insulation material market, valued at US$ 1,692 Mn in 2015, is estimated to expand at a CAGR of 3.1% through 2020 and reach a valuation of US$ 1,966 Mn. The upcoming FPSO plants in Japan are anticipated to drive for demand for thermal insulation material in Japan. The objective of Japanese government to establish mandatory energy conservation standards for homes by 2020 is also anticipated to fuel the market during the forecast period.
Get More Insights on Chemicals and Materials Market: http://www.futuremarketinsights.com/reports/category/chemicals-materials
Like the rest of Asia Pacific, plastic foam remains the preferred material for manufacturing thermal insulation in Japan. Plastic foam accounted for US$ 746.8 Mn in market value in 2015, and FMI estimates to expand at a CAGR of 3.8% during the forecast period. On the other hand, use of fibreglass in thermal insulation material manufacturing is also projected to witness steady growth, with FMI forecasting it to amplify at a CAGR of 2.7% through 2020.
The key companies profiled by FMI in its market research report include Asahi Kasei Corporation, BASF SE, E. I. du Pont de Nemours and Company, Rockwool International A/S, Berkshire Hathway (Johns Manville), Bayer AG, Owens Corning, Dow Chemicals Company, Kingspan Group PLC and Saint Gobain S.A.
For more insights on Global Thermal Insulation Material Market, you can request a sample report at http://www.futuremarketinsights.com/reports/sample/rep-gb-660
Kingspan Group PLC's estimated revenue in 2014 was to the tune of US$ 2,104.42 in 2014, out of which 84% came from the thermal insulation material business. The company is looking at expansions and acquisitions to tap into other lucrative markets around the world.
Rockwool International A/S' annual revenue in 2014 was approximately US$ 2,897.87 Mn in 2014. The company is into thermal insulation material only, and 100% of revenue came from this segment. According to FMI, the company is not betting big on mergers and acquisitions.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
CONTACT: Mr. Sudip Saha 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44 (0) 20 7692 8790 Email: sales@futuremarketinsights.com Website: www.futuremarketinsights.com | VALLEY COTTAGE, N.Y., Aug. 26, 2015-- Asia Pacific Excluding Japan is the most lucrative market for thermal insulation material market, according to a new research report by Future Market Insights. Thermal insulation materials in the range of 1 °C to 100 °C are in demand in APEJ, with this segment accounting for US$ 10.03 Bn out of the total US$ 16.39 Bn market value of... | 11.618421 | 0.986842 | 26.118421 | low | high | extractive |
http://www.cnbc.com/2015/07/17/bernanke-euros-obvious-failures.html | http://web.archive.org/web/20150910193517id_/http://www.cnbc.com/2015/07/17/bernanke-euros-obvious-failures.html | Bernanke: Euro's 'obvious' failures | 20150910193517 | The euro zone is not delivering on its promises, according to former Federal Reserve Chairman Ben Bernanke.
In a Friday commentary penned for the Brookings Institution, Bernanke criticized the "weak performance" of the euro zone as a whole, and the "highly asymmetric outcomes" among countries using the currency.
"The promise of the euro was both to increase prosperity and to foster closer European integration," he wrote. "But current economic conditions are hardly building public confidence in European economic policymakers or providing an environment conducive to fiscal stabilization and economic reform; and European solidarity will not flower under a system which produces such disparate outcomes among countries."
Read MoreEl-Erian: Greek deal only prolongs the inevitable
Framing his questions as of obvious importance to both the continent and the world, Bernanke asked if Europe is holding up its end of the bargain, and if it is providing a "broad-based economic recovery" that would give countries like Greece a chance to succeed. He concluded that "the answers to these questions are also obvious."
The "failure of European economic policy" is in part due to political resistance that delayed necessary policies and overly tight fiscal positions in places like Germany, he wrote.
Read the full commentary on the Brookings site. | In a commentary penned for the Brookings Institution, Ben Bernanke criticized the "highly asymmetric outcomes" in the euro zone. | 10.73913 | 1 | 4.043478 | low | high | mixed |
http://www.sfgate.com/49ers/article/Nose-tackle-Ian-Williams-is-one-of-49ers-6491874.php | http://web.archive.org/web/20150911002904id_/http://www.sfgate.com:80/49ers/article/Nose-tackle-Ian-Williams-is-one-of-49ers-6491874.php | Nose tackle Ian Williams is one of 49ers’ captains | 20150911002904 | Photo: Carlos Avila Gonzalez, The Chronicle
49ers nose tackle Ian Williams (93) warms up during San Francisco 49ers practice in Santa Clara , Calif., on Tuesday, August 18, 2015.
49ers nose tackle Ian Williams (93) warms up during San Francisco...
Ian Williams, here tackling the Rams Tre Mason last season, should expect a great deal of playing time on Monday.
Ian Williams, here tackling the Rams Tre Mason last season, should...
Nose tackle Ian Williams is one of 49ers’ captains
Nose tackle Ian Williams, 26, has played in 15 career games, made eight career starts and … is one of the 49ers’ four defensive captains.
Yeah, he was surprised, too.
“I don’t think it’s really hit me yet,” Williams said Tuesday.
Williams was speaking two days after head coach Jim Tomsula announced team captains, as voted by the players. Williams, inside linebacker NaVorro Bowman and safeties Antoine Bethea and Eric Reid were named defensive captains. Quarterback Colin Kaepernick, left tackle Joe Staley, tight end Vernon Davis and wide receiver Anquan Boldin were named offensive captains. Kicker Phil Dawson was named the special-teams captain.
Williams is the least experienced member of the group. The other eight captains have played an average of 118 career games.
“I look up to other guys on the team, so it was a complete shock to me,” Williams said. “It’s just an honor to know that my teammates think about me like that.”
Williams clearly has inspired locker-room respect for the way he has handled two serious leg injuries that have sidelined him for 21 of 32 games since he became a starter two years ago. In the second game of 2013, he broke his ankle and tore ligaments that required four surgeries.
He returned last year, but in November, he fractured his left leg, above where his ankle was broken. He missed the final seven games.
“It’s been very frustrating,” Williams said. “I’m just excited for the opportunity I have right now. I’m trying not to focus on the past. I’m just looking forward to the future.”
That future includes a game in which Williams figures to play a prominent role: the regular-season opener against the visiting Vikings and running back Adrian Peterson on Monday night.
Peterson, 30, who missed the final 15 games of 2014 because of child-abuse incident, has rushed for 3,363 yards and 22 touchdowns in his past two full seasons. Williams leaves the field when the 49ers employ their nickel defense in passing situations, but he might not spend much time on the sideline given the presence of Peterson.
Head coach Jim Tomsula doesn’t anticipate Peterson to have any rust in his first game since Sept. 7, 2014.
“Adrian Peterson is always a challenge,” Tomsula said. “If he puts on a helmet and a shirt, he’s a challenge.”
Said Williams: “It’s going to be a hard game for us to go out and compete with those guys. But we’re going to game plan as best we can and see what we can do on Monday.”
Though Williams’ captaincy is an honor, it must be noted the distinction isn’t quite as unique this season. Last year, the 49ers had four captains. In 2013, they named three.
So why nine captains, or nearly 20 percent of the 46-man game-day roster? Williams said it was a nod to the culture Tomsula wants to create. That is, he didn’t want to have an exclusive club of captains, but wanted more players to be recognized and celebrated as leaders. The 49ers were allowed to vote for as many captains as they thought were deserving of the honor.
“I think that’s just Jimmy T just trying to show this is a team,” Williams said.
On Tuesday, Tomsula was asked what Williams’ captaincy suggested about the undrafted free agent.
“He’s a guy (who) never leaves,” Tomsula said. “He lives around the corner. He’s always working, always going and had to overcome some things. I don’t want to speak for the guys on the team, but I have my own little thoughts on why they picked that group.”
Eric Branch is a San Francisco Chronicle staff writer. E-mail: ebranch@sfchronicle.com Twitter: @Eric_Branch
When the 49ers return to Levi’s Stadium, they’ll do so in black.
The 49ers will wear their alternate black uniforms for their season opener against Minnesota on Monday night. They also will wear the alternate uniforms when they host Arizona on Nov. 29.
The uniforms include black jerseys, black pants and red numbers. | Nose tackle Ian Williams is one of 49ers’ captains Nose tackle Ian Williams, 26, has played in 15 career games, made eight career starts and … is one of the 49ers’ four defensive captains. Williams was speaking two days after head coach Jim Tomsula announced team captains, as voted by the players. Williams, inside linebacker NaVorro Bowman and safeties Antoine Bethea and Eric Reid were named defensive captains. Quarterback Colin Kaepernick, left tackle Joe Staley, tight end Vernon Davis and wide receiver Anquan Boldin were named offensive captains. Kicker Phil Dawson was named the special-teams captain. The other eight captains have played an average of 118 career games. Williams clearly has inspired locker-room respect for the way he has handled two serious leg injuries that have sidelined him for 21 of 32 games since he became a starter two years ago. Peterson, 30, who missed the final 15 games of 2014 because of child-abuse incident, has rushed for 3,363 yards and 22 touchdowns in his past two full seasons. Williams leaves the field when the 49ers employ their nickel defense in passing situations, but he might not spend much time on the sideline given the presence of Peterson. The 49ers will wear their alternate black uniforms for their season opener against Minnesota on Monday night. The uniforms include black jerseys, black pants and red numbers. | 3.513208 | 0.958491 | 23.94717 | low | high | extractive |
http://www.cnbc.com/2014/07/10/us-employment-employers-still-unable-to-fill-jobs-and-heres-why.html | http://web.archive.org/web/20150912014657id_/http://www.cnbc.com/2014/07/10/us-employment-employers-still-unable-to-fill-jobs-and-heres-why.html | Employers still unable to fill jobs and here's why | 20150912014657 | Businesses continue to blame a skills gap between jobs seekers and the open positions.
Read MoreFidelity cutting jobs at facilities in 2 states
"This was surprising to me as I thought the number of companies having difficulties would be lower this year," said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City.
"Because of the skills gap, the unemployment rate is still higher than it should be," he added. "The gap is real."
Read MoreMillionaires support four-day workweek
Another reason for the hiring slowdown, however, might be the often low pay that's offered, said Rebecca Smith, deputy director of the National Employment Law Project, an advocacy group for workers.
"Except for those at the top, wages have consistently declined over the past few years," she said. "What you're seeing now is more temp hiring without benefits. Workers aren't happy about that."
Here is a survey breakdown of the difficulty and reasons with comparisons to this year and 2013: | A lower unemployment rate doesn't mean all jobs are getting filled. A new survey reports many businesses are having difficulty finding workers. | 8.36 | 0.64 | 0.8 | low | low | abstractive |
http://www.cnbc.com/2014/10/01/inside-a-cybersecurity-start-up.html | http://web.archive.org/web/20150912032959id_/http://www.cnbc.com/2014/10/01/inside-a-cybersecurity-start-up.html | Inside a cybersecurity start-up | 20150912032959 | CNBC: What's the difference being a cybersecurity start-up versus every other start-up out there?
Braun: I'd say there are quite a few differences. Not only do you have to worry about your own security, you have to worry about the security of all the other companies that are your customers. So there are lots of different things that you have to think about, not only in how we secure data, which is first and foremost on our mind. We also have to look at all new technologies to see how our security service can be more applicable to the world than [to] … the older companies that are 10 to 15 years old.
Read MoreWatch out: iOS 8 autocompletes your password
CNBC: Ten or 15 years old is an old company?
Braun: It is in security. Security is always changing.
Borohovski: It's also a different type of growth. When the Yo app was trying to grow, they were trying to make it as viral as possible. When you're an enterprise business-to-business company, we're spending all of our time growing by making actual sales and talking to people and so forth. It's a little bit less viral than Yo or any of the others.
CNBC: What is the start-up climate in the cybersecurity industry now?
Borohovski: You know, I think the appetite is very high. There's a lot of news nowadays about cybersecurity breaches, and people are more concerned about security and breaches than ever before. It's easier to find funding, and it's a little bit easier to make sales. At the same time, I don't know that it's necessarily any easier to actually build or found a security start-up. Because I think the level of effort it takes is always going to be high. It's just difficult to start your own business and start one that matters and that actually solves a real problem that people are having.
Read MoreHow to tap the braintrust on cybersecurity
CNBC: It seems like one of the biggest problems with being a start-up in cybersecurity is that people don't know who you are, and you're asking them to trust you with their most important data.
Borohovski: Yeah, I mean, that's where solving a real problem comes in. I mean, if you can show them—despite the fact that you're unknown and new and relatively smaller compared to any of your competitors—if you can show them that you're solving a real problem that they're currently having and can help them prevent breaches. That, coupled with any sort of pedigree or history or proof that you know what you're talking about, can really be beneficial.
Read MoreThis app promises to keep your pics from hackers
CNBC: So what's your sales pitch?
Braun: We scan websites for vulnerabilities. That's kind of the high-level security piece that we do. We are the best Web application scanner on the market. Our goal is to make it extremely easy to find vulnerabilities and fix vulnerabilities. Our goal right now is actually targeting developers within companies, because security teams are getting extremely overwhelmed by all the vulnerabilities that are coming into the company. Companies and websites are changing every single day, so you can see new content, new versions of websites pushed out daily or weekly. And with every new code change, you're potentially introducing new vulnerabilities. And a lot of times developers aren't getting the security training. So it's the security team who has to deal with all the vulnerabilities that are being introduced to the companies. And our goal is to actually train those developers with our tool so that not only are we finding those vulnerabilities but we are helping them fix the vulnerabilities as quickly as possible.
CNBC: What advice would you give somebody who wants to start up a cybersecurity company right now?
Borohovski: Be very, very careful, and be judicious about what you say and don't say. [With] financial services or anything that's dealing with medical—anything that's dealing with really sensitive and important data—it's incredibly important to be very sensitive to what your customers want you to say and what they don't want you to say. | A look inside cybersecurity start-up Tinfoil provides a peek into the current gold rush behind the hacking economy. | 39.714286 | 0.52381 | 1.190476 | high | low | abstractive |
http://www.cnbc.com/2015/07/29/reuters-america-update-1-bat-sees-plain-packaging-challenge-in-britain-being-heard-in-december.html | http://web.archive.org/web/20150912101914id_/http://www.cnbc.com/2015/07/29/reuters-america-update-1-bat-sees-plain-packaging-challenge-in-britain-being-heard-in-december.html | UPDATE 1-BAT sees "plain packaging" challenge in Britain being heard in December | 20150912101914 | December@ (Adds details and market test of new product)
LONDON, July 29 (Reuters) - British American Tobacco expects its legal challenge to the implementation of "plain packaging" of tobacco in Britain to be heard in court in December, with possible final resolution by the end of 2016, a senior executive said.
"We expect a hearing in December," Jerome Abelman, BAT's director of legal and external affairs, told reporters on Wednesday, adding that "whatever the decision, there will likely be appeals."
Britain adopted a law in March that would prohibit tobacco products from being sold with any branding, colours or logos. This "plain packaging" rule, aimed at reducing the lure of smoking particularly to youngsters, will go into effect in May 2016.
BAT and larger rival Philip Morris International are challenging the law.
Abelman said it was hard to judge exactly how long its challenge will take to move through the court system but said it was possible that any appeals could be decided by the end of 2016.
He said he thought the British government should grant a stay to the implementation of plain packaging pending a final decision.
Separately, BAT said it would do a market test this year of a next-generation product that heats tobacco without burning it. It declined to give any details about the product or the test.
Its announcement comes a day after U.S. tobacco company Reynolds American, in which BAT owns 42 percent, said it was shelving its own test of a tobacco-heating product due to poor consumer adoption.
(Reporting by Martinne Geller; Editing by Susan Fenton) | LONDON, July 29- British American Tobacco expects its legal challenge to the implementation of "plain packaging" of tobacco in Britain to be heard in court in December, with possible final resolution by the end of 2016, a senior executive said. Britain adopted a law in March that would prohibit tobacco products from being sold with any branding, colours or logos. | 4.647059 | 0.985294 | 33.191176 | low | high | extractive |
http://www.cnbc.com/2015/05/29/nigerias-reinstaled-ex-dictator-draws-up-tough-to-do-list.html | http://web.archive.org/web/20150912102730id_/http://www.cnbc.com/2015/05/29/nigerias-reinstaled-ex-dictator-draws-up-tough-to-do-list.html | Nigeria’s reinstaled ex-dictator draws up tough to-do list | 20150912102730 | Buhari's military credentials have increased expectations that he will do better in tackling Boko Haram than his predecessor. The militants have wreaked havoc in the north-east of the country in a six-year killing and kidnapping spree aimed at establishing an Islamic caliphate.
The chaos has deterred some investors from Africa's biggest oil producer, although Nigeria's commercial hub of Lagos is located far away from Boko Haram territory.
The country as a whole is rated at "severe" risk of terrorism and political violence—on a par with Syria, Iraq, Yemen and Afghanistan—by global risk consultancy Aon.
Read MoreEurope, Canada face rising terror threat
Two Nigerian cities—Jos and Abuja, the capital city—are at "extreme" risk of terrorism, with the latter suffering four attacks and 177 deaths in the year to February, according to political risk consultancy Verisk Maplecroft. It said that the risk of terrorist attacks rose in 13 Nigerian cities during the time period.
"While Boko Haram will remain the dominant terrorist threat in Nigeria, Verisk Maplecroft believes there is a possibility of hostilities resuming in the Niger Delta following the election of Mohammed Buhari," the consultancy said in a statement this month.
"The amnesty protecting members of the militant group MEND is due to lapse and without successful negotiations this could mean disruption to the country's vital oil industry, in addition to attacks on key cities in the south east of the country." | Nigeria's new president was sworn in on Friday and faces a tough battle to diversify an economy reliant on oil and hampered by terrorism and corruption. | 10 | 0.535714 | 0.678571 | low | low | abstractive |
http://www.aljazeera.com/archive/2006/02/20084914618418305.html | http://web.archive.org/web/20150912164103id_/http://www.aljazeera.com/archive/2006/02/20084914618418305.html | US terror suspect list growing fast | 20150912164103 | Citing unnamed counter-terrorism officials, the Washington Post newspaper said on Wednesday that the number had more than quadrupled since the fall of 2003.
The list kept by the National Counterterrorism Centre, NCTC, contains a far greater number of international terrorist suspects and associated names in a single government database than has previously been disclosed, according to the report.
The paper said because the same person may appear under different spellings or aliases, the true number of separate individuals was estimated to be more than 200,000.
US citizens make up "only a very, very small fraction" of that number, The Post said, quoting an administration official, who spoke on condition of anonymity.
 "The vast majority are non-US persons and do not live in the US" NCTC official
The paper quoted him as saying: "The vast majority are non-US persons and do not live in the US."
The NSA is a key provider of information for the database, although officials refused to say how many names on the list are linked to the agency's controversial domestic eavesdropping effort, according to the report.
Under the programme, the NSA has conducted wiretaps on an unknown number of US citizens without warrants. | The US National Counterterrorism Centre maintains a list of 325,000 names of alleged international terrorism suspects or people who aid them. | 10.818182 | 0.727273 | 1.090909 | low | low | abstractive |
http://www.cnbc.com/2014/02/27/something-completely-different-with-tyler-mathisen.html | http://web.archive.org/web/20150912214555id_/http://www.cnbc.com/2014/02/27/something-completely-different-with-tyler-mathisen.html | Something completely different with Tyler Mathisen | 20150912214555 | Is super-stunner Kate Upton the newest market barometer?
Is Mark Zuckerberg up for an Olympic purchase?
And could Alec Baldwin ever be "not famous anymore?"
These are the questions that keep us up at night (not!).
Market highs and celebrity low blows, it's time for the latest edition of "Something Completely Different" with CNBC's Jane Wells.
She reports the news the way we like it—full of sarcasm and fun—this time with her colleague, Tyler Mathisen. | Market highs and celebrity low blows, it's time for the latest edition of "Something Completely Different" with CNBC's Jane Wells and Tyler Mathisen. | 3.551724 | 1 | 21.896552 | low | high | extractive |
http://www.cnbc.com/2013/10/01/busting-the-model-buy-this-bookor-just-the-cover.html | http://web.archive.org/web/20150912223650id_/http://www.cnbc.com/2013/10/01/busting-the-model-buy-this-bookor-just-the-cover.html | Busting the model: Buy this book-or just the cover | 20150912223650 | (Read more: Trying to create a 'Sharknado' with...T-shirts?)
You know how most people who want to write a book do it: They spend months—years, even—writing the whole thing, become so attached to it it's like a child, then try to shop it around to publishers, only to be crushed when the publisher wants to dismantle, change or—gasp!—discard it.
Here's your first lesson from "Creativity for Sale": Get the money upfront.
And that he did: He sold 30 pages in the first 30 minutes pages were available for sale on his website, SponsorMyBook.com—and bagged a premium sponsor.
"I am literally going about writing a book that is completely the backward way!" HeadsetsDotCom says. "I am marketing this book by crowdfunding to get sponsorship—then I'm going to write it."
Your second lesson from the book is: Don't be afraid of things that people say won't be successful.
"There are things I've done over the years that business-strategy people or press say will never work. You'll never make money off of it," HeadsetsDotCom said. "Well, I HAVE made money off of it!"
He chose a pricing model, similar to how he priced his T-shirt-wearing business: The first page of the 200-page book is $600, and each page after that goes down by $3 until you get to the last page, which would be $1. That's so small businesses, who maybe don't have $600, can still afford to buy an ad. And, it uses the logic that everyone reads the first page, but not everyone finishes the book. An ad on the front cover is $20,000, the back cover is $10,000 and the front and back inside flaps are $5,000.
(Read more: Hang on, this guy's name is WHAT?!) | Professional T-shirt wearer Jason HeadsetsDotCom is sharing his entrepreneurial secrets — and blowing up the self-publishing model. | 17.590909 | 0.545455 | 0.909091 | medium | low | abstractive |
http://www.bostonglobe.com/arts/music/2015/09/10/album-review-craig-finn-faith-future/TV9pkl7VhlXQxr9ArSd5JO/story.html | http://web.archive.org/web/20150913215916id_/http://www.bostonglobe.com:80/arts/music/2015/09/10/album-review-craig-finn-faith-future/TV9pkl7VhlXQxr9ArSd5JO/story.html | Craig Finn, ‘Faith in the Future’ | 20150913215916 | It’s time to pay attention to Craig Finn, who made his mark as the frontman with the Hold Steady — an infectious, Replacements-style rock act from New York — but really steps up on his own. Finn’s second solo album is packed with songs rich in street intelligence and wry humor; his voice has a similar timbre to Bruce Springsteen’s, and some tracks here evoke the talk-singing days of Springsteen’s first two albums. Finn’s keen powers of observation light up the metaphorical “Maggie I’ve Been Searching for Our Son,” the horn-stoked “Saint Peter Upside Down,” and the startling “Newmeyer’s Roof,” about watching the towers fall on 9/11 while sitting on a friend’s roof drinking beer. Elsewhere, Finn deals obliquely with romance in “Christine” and the chilling “Sarah Calling From a Hotel.” The album title seems a misnomer at times, but many songs do ring with a likably hopeful perseverance. STEVE MORSE
Craig Finn plays the Sinclair on Oct. 15. | Stepping out from the Hold Steady, singer-songwriter Craig Finn shows an impressive range and keen observation on his second solo LP. | 7.96 | 0.68 | 1.16 | low | low | abstractive |
http://www.cnbc.com/2015/07/20/harper-lees-go-set-a-watchman-breaks-records.html | http://web.archive.org/web/20150914131616id_/http://www.cnbc.com/2015/07/20/harper-lees-go-set-a-watchman-breaks-records.html | Harper Lee's 'Go Set a Watchman' breaks records | 20150914131616 | Lee wrote the novel in the 1950s, before Pulitzer prize-winning To Kill a Mockingbird. But the story is set some 20 years later.
It features the prominent character "Scout" as an adult woman on her journey to visit her father, a lawyer who defended a black man facing charges of rape and robbery. Like Lee's first book, the story takes place against a backdrop of racism and civil rights tensions.
Literary critics remain divided over the novel's caliber and its statements on race. But the book has been flying off shelves. At the New York Public Library, there are over one thousand holds on the book.
Read More'Go Set a Watchman' sales beat records | Go Set a Watchman, Harper Lee's highly anticipated second novel, has broke records at one of the biggest publishing houses. | 5.625 | 0.625 | 0.958333 | low | low | abstractive |
http://www.theguardian.com/artanddesign/2008/jul/29/art | http://web.archive.org/web/20150916150835id_/http://www.theguardian.com/artanddesign/2008/jul/29/art | Golden calf, bull's heart, a new shark: Hirst's latest works may fetch £65m | 20150916150835 | A small menagerie of new Damien Hirst pickled animals took a bow yesterday, including a new shark, a zebra, a calf with solid gold horns and hoofs valued at up to £12m, and even a unicorn - a white foal fitted with a resin horn, rather than an apparition from a fairytale.
All have been churned out by his small army of assistants this year for an auction at Sotheby's in September which will sell more than 200 pieces. The auction is predicted to raise £65m, comfortably setting a new world record for the artist, and blazing a trail which other artists will watch with interest, of bypassing the gallery and dealer system and going straight to auction.
Both the Gagosian Gallery, and Jay Jopling's White Cube, his American and British dealers, have given the auction their blessing, possibly through gritted teeth. Yesterday Jopling said: "I've stood alongside him in all his ventures including his strategic forays into the auction world, which have certainly helped to broaden his market. 8601 flawless diamonds [Hirst's £50m diamond-studded skull] notwithstanding, ours has never been a traditional marriage and I look forward to many more adventures to come."
Larry Gagosian said his gallery would probably be buying: "He can certainly count on us to be in the room with paddle in hand."
Sotheby's and Hirst have been forging an equally intense relationship. Earlier this year he joined with the singer Bono to lead the RED charity auction at Sotheby's in New York, which raised over $42m (£21m) with donations from Banksy, Marc Quinn and Anish Kapoor, the most successful charity art auction ever. The flirting began in 2004, when Hirst sold the contents of his restaurant Pharmacy, from ash trays, wallpaper and bar stools to wall cabinet sculptures, through the auction house: after queues around the block to get into the auction, every piece sold, for £11.1m, well over double the top estimate.
Last year Hirst briefly set the auction record at Sotheby's - £9.65m for Lullaby Spring, a medicine cabinet - for any work by a living artist. However, he was knocked off his perch within a few months by the American pop artist Jeff Koons, whose Hanging Heart sold at another Sotheby's auction in New York for $23.6m, leaving New York dealer Richard Feigen to include both, along with Andy Warhol, on his personal list of the world's most over-valued artists.
Yesterday Oliver Barker, senior international specialist at the auction house, described the new works as "ambitious, exquisite and incredibly powerful.
"Damien Hirst is still an artist punching above his weight - this is a body of work which takes him into new realms," he added. "It would be so easy to say we've seen it all before with Hirst, but I think people will be blown away by the scale and ambition of this collection. I think he's interested in getting work into parts of the world that have not had the opportunity of buying major pieces before, including India, China and Russia - and we've certainly had a lot of interest from collectors in these places."
The top lot, estimated at up to £12m, is The Golden Calf - a title continuing Hirst's interest in religious themes, referring to the false idol set up and worshipped by the Israelites before an enraged Moses berated them for idolatory. The piece is a tank made of glass and gold-plated steel, holding a real calf with solid 18 carat hoofs, horns and golden disc on its head. A smaller tank piece, The Immaculate Heart - Lost, a bull's heart pierced with a dagger in formaldehyde, also plays on traditional Catholic imagery.
Many other pieces also use gold, including spot paintings on a golden background, and two romantically titled works, Memories of/Moments With You, and Unknown Pleasures, both made of gold-plated steel studded with thousands of manufactured industrial diamonds.
There is also a new shark, from the artist still best known for a piece whose full title is The Physical Impossibility of Death in the Mind of Someone Living, universally known as Shark.
The original, once owned by Charles Saatchi whose collecting helped make the reputation of Hirst and the other once Young British Artists, was re-made last year for its current millionaire owner, the hedge fund billionaire Steve Cohen, because it was visibly decaying. The new shark, estimated at up to £6m, is The Kingdom, a tiger shark in a black framed tank, described by Barker as "majestic".
Sotheby's describes the sale as having something for everyone, as prices begin at an estimate of £20,000 for drawings. Four paintings, together estimated at up to £2.4m, will be auctioned for Hirst's chosen charities, including a children's hospice, the late Joe Strummer's foundation for aspiring musicians, the London-based Kids Company for vulnerable inner-city children, and Survival International.
Last year he created and sold through White Cube the world's most expensive piece of contemporary art, the platinum and diamond cast of a human skull, For The Love of God. It was sold for £50m to an investment consortium, with Hirst retaining a share and persistent rumours that White Cube is also part owner.
The two-day sale, after a 10-day public exhibition of the entire collection at Sotheby's from September 5, will also mark the 20th anniversary of the Freeze exhibition which Hirst helped organise as an art student, with exhibitors including Gary Hume and Sarah Lucas, which launched the phenomenon of the YBAs.
The Golden Calf, estimate £8m-£12m: calf in formaldehyde, with 18ct gold horns and hoofs, in tank with gold-plated steel frame, on marble plinth.
The Kingdom, £4m-£6m: tiger shark, pictured right, in black framed tank
The Dream, £2m-£3m: a "unicorn", a white foal with a long slender horn, in white framed tank, above.
The Incredible Journey, £2m-£3m: zebra in white framed tank.
Memories of/Moments With You, £800,000-£1.2m: Gold-plated steel diptych, studded with hundreds of manufacturerd diamonds.
Aurothioglucose, £400,000-£600,000: trademark spot painting, right, for the first time on gold background.
The Rose Window, Durham Cathedral, £700,000-£900,000: framed recreation, detail right, of medieval stained glass, made of thousands of real butterfly wings.
The Immaculate Heart - Lost, up to £300,000: bull's heart pierced with dagger, main picture, in gold-framed tank. | Artist could raise £65m by bypassing galleries and dealers to sell over 200 pieces at Sotheby's | 68.578947 | 0.894737 | 1.947368 | high | medium | mixed |
http://www.theguardian.com/artanddesign/2008/aug/16/art.londonlistings | http://web.archive.org/web/20150916202530id_/http://www.theguardian.com/artanddesign/2008/aug/16/art.londonlistings | Event preview: Lorna Macintyre & Ursula Mayer, London | 20150916202530 | The ICA continues its Nought To Sixty season with sculptures by Lorna Macintyre and film by Ursula Mayer. Macintyre draws inspiration from 19th-century symbolism, referencing the writings of Conan Doyle and Apollinaire and the paintings of De Chirico and Paul Nash. Mayer's films are a representation of women on camera since Hollywood's golden age. In The Crystal Gaze, actors in luxurious cocktail dresses languidly move through Eltham Palace. Soft piano music, alluring glances and disjointed conversations leave viewers utterly disconcerted. As the actors seamlessly switch between past, present and future, the audience is subtly entwined in a silken labyrinth. | ICA Gallery, SW1, Mon 18 to Aug 25 | 11.4 | 0.4 | 0.4 | low | low | abstractive |
http://www.cnbc.com/2014/11/13/wal-mart-kohls-and-jobs-in-focus-on-wall-street.html | http://web.archive.org/web/20150918200739id_/http://www.cnbc.com/2014/11/13/wal-mart-kohls-and-jobs-in-focus-on-wall-street.html | US stock futures mildly up after claims, Wal-Mart | 20150918200739 | Robyn Beck | AFP | Getty Images
Shoppers consider televisions at the Walmart in the Crenshaw district of Los Angeles on Black Friday, November 29, 2013.
The day will also see the JOLTS job openings report, out at 10 a.m. The print is based on the sample used for the much-watched nonfarm payrolls, but is a lagging indicator covering September.
"In order for U.S. Federal Reserve Chair Janet Yellen to be comfortable that the labor market has returned to more of a normalized state, the hiring and quits rates each need to improve several tenths from their current readings," said Deutsche Bank analysts led by Jim Reid in a research note on Thursday.
"The recent trend in claims data might suggest that the two series should improve significantly over the next several quarters."
Philadelphia Fed President Charles Plosser will also speak on Thursday.
Earlier in the day, New York Fed President William Dudley said that low inflation meant it will still early for the central bank to raise interest rates.
Speaking at the Central Bank of the United Arab Emirates in Abu Dhabi,, Dudley called for "patience" and said he expected rates to rise sometime next year.
Cisco Systems reported quarterly earnings and revenue that topped expectations after the market close on Wednesday. Shares rose more than 2 percent in after-hours trade before turning negative. | Wall Street stock index futures pointed to a higher start to trade on Thursday, ahead of jobs data and major retail earnings. | 10.875 | 0.5 | 0.583333 | low | low | abstractive |
http://www.bostonglobe.com/arts/movies/2015/09/17/documentary-meet-patels-looks-arranged-marriage/MX9oNGneOCtJvnToXIj2iN/story.html | http://web.archive.org/web/20150918225457id_/http://www.bostonglobe.com:80/arts/movies/2015/09/17/documentary-meet-patels-looks-arranged-marriage/MX9oNGneOCtJvnToXIj2iN/story.html | Documentary ‘Meet the Patels’ looks at arranged marriage | 20150918225457 | When you meet the Patels, as the title of sibling directors Geeta Patel and Ravi Patel invites you to do, you meet more than just the pair’s hip but traditional parents. More than just an extended family of uncles, aunts, and cousins. In this blithe, inventive, insightful documentary, you meet a world of Patels.
In a few regions of India, almost everyone is named Patel. By custom Patels are only allowed to marry other Patels. Somehow, through some arcane system, this does not result in the kind of interbreeding that happened in the Spanish Hapsburgs. It is the Southwest Asian equivalent of the Borg from “Star Trek: The Next Generation.”
Ravi Patel at the beginning of the documentary has a problem with this. Not that he wants to commit the unthinkable and have a funny, loving, white Connecticut redhead as his girlfriend. He’s already broken up with her when the movie begins, never having told his parents about the taboo relationship. Now he wants into the system. So he’s heading to India where his parents set him up with his bride-to-be.
The film records his feckless efforts with wit and levity and touches on, though barely, such heavy issues as the conflict between generations, the struggle for immigrants to retain their culture amid the homogenizing dissonance of the United States, and the increasing haplessness and loneliness of singles seeking mates in a maze of social media intended to help, which engenders more cynicism and loneliness.
The Patels’ eclectic approach highlights their subject’s gentle absurdities. Geeta, herself an accomplished documentarian, remains behind the camera engaging in a hip repartee with Ravi, a working Hollywood actor. At times their routines recall the old Elaine May-Mike Nichols routines, especially when they switch from video to pen-and-ink animation. Why? Because it’s kind of cool, probably.
Despite the engaging humor, some areas seem unexplored. Do xenophobia and sexism underlie this marriage system? Why does Ravi end up always playing a doctor when he gets a role? The Patels interview other couples who have both followed tradition and rejected it, and their stories deserve more than a few flip remarks. What “Meet the Patels” could use is a little more meat.
Director Scott Cooper talks about ‘Black Mass’
Sudeikis and Brie star in ‘Sleeping with Other People’
Documentary ‘Meet the Patels’ looks at arranged marriage
Things heat up in ‘Maze Runner: The Scorch Trials’
Zombies go to school in ‘Cooties’
It’s life and death on high in ‘Everest’ | Documentary “Meet the Patel” takes a humorous look at arranged match. | 35.642857 | 0.714286 | 1.285714 | high | low | abstractive |
http://www.bostonglobe.com/business/2015/09/15/stocks-post-solid-gains-day-before-crucial-fed-meeting/2mQ9ycJL87QAqoRmwJhH9L/story.html | http://web.archive.org/web/20150919220017id_/http://www.bostonglobe.com:80/business/2015/09/15/stocks-post-solid-gains-day-before-crucial-fed-meeting/2mQ9ycJL87QAqoRmwJhH9L/story.html | US stocks post solid gains a day before crucial Fed meeting | 20150919220017 | Stocks rose sharply, a day before the start of a crucial two-day meeting of Federal Reserve policy makers who may decide to raise interest rates for the first time in nearly a decade. Opinions are divided as to whether the Fed will, or even should, raise rates this month. On one hand, hiring continues to improve and the housing market is recovering. There are, however, signs that global market weakness could impact the US economy. Tuesday’s gains came after mixed reports that showed strengthening retail sales last month, while factory output fell as automakers cut production. The gains were led by industrial stocks. The sector had been among those hit worst by the recent global sell-off as investors worried about the outlook for global demand. Energy stocks got a lift Tuesday as US oil prices rose 59 cents on further signs of declining crude production. The market has recovered some of its losses in August and early September, but is still down from its peak of the year as traders and investors fret about the possible impact of slower growth in China and other emerging markets. The S&P 500 has dropped 7.2 percent from its record high in May. | U.S. stocks rose sharply on Tuesday, a day before the start of a crucial Federal Reserve meeting. | 11.631579 | 0.947368 | 5.157895 | low | high | mixed |
http://www.people.com/article/man-armed-stick-tries-steal-plane | http://web.archive.org/web/20150920025516id_/http://www.people.com:80/article/man-armed-stick-tries-steal-plane | Man Armed with a Stick Tries to Steal Plane : People.com | 20150920025516 | The warped security gate at Waco Regional Airport
09/18/2015 AT 11:50 AM EDT
A man was arrested in Waco, Texas, on Thursday after he allegedly tried to steal a Learjet while brandishing a stick, PEOPLE confirms.
The unidentified man crashed his car through a security gate at Waco Regional Airport just after noon, barreling onto the tarmac and pulling up alongside a packed Learjet, according to a press release from the
. He tried to remove tire chocks and board the plane – which was owned by a local business – but was stopped by an off-duty officer, the statement said.
"Our officer approached the suspect who was armed with a stick and refused to cooperate with the officer's instructions. The suspect was tased several times with no effect, forcing our officer to have to physically restrain him," Sgt. W Patrick Swanton said in a statement.
"Texas Aero employees saw the officer struggling with the individual and came to assist. Those employees helped the officer subdue the individual and all were able to handcuff him."
Swanton said the suspect, who is known to police, has a history of mental health issues and may have been under the influence of narcotics. He was taken to a local hospital for a mental evaluation.
Once released, he faces charges of criminal trespass, attempted theft, criminal mischief and resisting arrest.
He may face additional charges from the FBI and TSA as well. | The unidentified man crashed his car through a security gate at Waco Regional Airport at just after noon | 15.444444 | 1 | 11.444444 | low | high | extractive |
http://www.cnbc.com/2014/10/20/infection-protection-new-cdc-ebola-guidelines-stress-gear-ritual.html | http://web.archive.org/web/20150920075952id_/http://www.cnbc.com/2014/10/20/infection-protection-new-cdc-ebola-guidelines-stress-gear-ritual.html | Infection protection: New CDC Ebola guidelines stress gear ritual | 20150920075952 | A health care worker receives protocol from Centers for Disease Control and Prevention (CDC) instructors in preparation for the response to the current Ebola outbreak, in Anniston, Alabama, October 6, 2014.
New federal guidelines for health care workers stress practice and rituals in taking off protective gear while contacting Ebola patients. The Centers for Disease Control and Prevention issued the far more detailed guidance Monday night after two nurses became infected while taking care of Thomas Eric Duncan in Dallas.
The CDC had first issued Ebola guidelines to U.S. hospitals in 2008 and updated them just this past August, but the infections of nurses Nina Pham and Amber Vinson show they were not clear enough, CDC Director Dr. Thomas Frieden told reporters Monday night.
"Anybody who is going to work with them is going to be trained in and demonstrate competency in anything they are going to be putting on and taking off," Frieden said. "Second, no skin may be exposed when PPE (personal protective equipment) is worn," he added. Every nurse, doctor or technician putting on or taking off PPE must be watched by another trained expert.
Read MoreHow Ebola can quickly mutate: 'Hot Zone' author
"We need to increase the margin of safety," Frieden said. He described it as an almost ritualistic approach. Gear must be wiped down with a virus-killing wipe before it comes off, and everyone will be told to take a shower after they get the PPE off, he said.
It's not so much which particular equipment is used, says Frieden. More important is that it is used correctly. Health care workers are at especially high risk of catching Ebola because they are in very close contact with patients who are vomiting, sweating profusely and suffering diarrhea from the virus. Virus-laden droplets can get onto hands and into the eyes, nose and mouth if caregivers don't take the gear off precisely.
"The enhanced guidance is centered on three principles: All healthcare workers undergo rigorous training and are practiced and competent with PPE, including taking it on and off in a systemic manner; No skin exposure when PPE is worn; All workers are supervised by a trained monitor who watches each worker taking PPE on and off," CDC said in a statement.
Read MoreThe key to containing Ebola
"All patients treated at Emory University Hospital, Nebraska Medical Center and the NIH Clinical Center have followed the three principles. None of the workers at these facilities have contracted the illness." | New guidelines for health care workers stress practice and rituals in taking off protective gear while contacting Ebola patients. NBC News reports. | 20.166667 | 0.875 | 15.125 | medium | medium | extractive |
http://www.cnbc.com/2013/11/11/holiday-shopping-discount-stores-trail-on-web.html | http://web.archive.org/web/20150921211823id_/http://www.cnbc.com/2013/11/11/holiday-shopping-discount-stores-trail-on-web.html | Holiday shopping: Discount stores trail on Web | 20150921211823 | Two overriding themes this holiday season have already been talked to death: the growing importance of e-commerce, and consumers' unyielding expectation for low prices.
But are the two mutually exclusive?
With shoppers turning more and more to the Web—Citi predicted digital sales will rise 15 percent this season—discount retailers are lagging behind their full-priced counterparts in their digital presence.
In the off-price arena, TJX made its second attempt at an e-commerce site in September, but only for its TJ Maxx brand. Department store/discounter Kohl's only recently revamped its site in the second quarter. Ross Stores executives are still pushing back against the platform entirely, saying it does not want to enter the digital realm because of prohibitive shipping costs.
Despite this hole—and analyst opinion that e-commerce is critical for all retailers—experts still do not think discounters are at a disadvantage this holiday season.
"If there's one trend for holiday that I believe in, it's value and getting a good deal," said Citigroup analyst Oliver Chen.
(Read more: A tale of two consumers as consumer sentiment dives)
Traditionally, discounters haven't taken to the Web as aggressively as higher-priced retailers, Chen said. That's because it's harder for lower-priced stores to make a profit when accounting for shipping costs, and because shoppers focused on lower price points may not go online to make purchases in the first place.
Forrester Research analyst Sucharita Mulpuru said another challenge lies in the type of goods that are offered by stores such as Wal-Mart or Dollar General, which sell consumables and groceries—categories that see dramatically lower online sales than consumer electronics or apparel do.
A recent report by former Citi analyst Deborah Weinswig broke down last year's e-commerce sales penetration among retailers. High-end department stores such as Neiman Marcus, Saks and Nordstrom led, ranging from around 20 percent to 11 percent of their sales coming from the e-commerce channel. In contrast, Kohl's online sales came in at around 7 percent, Target at an estimated 2 percent and Dollar General at an estimated 0.3 percent. | With shoppers turning more and more to the Web, discount retailers are lagging behind full-priced stores in their e-commerce presence. | 16.269231 | 1 | 5.153846 | medium | high | mixed |
http://www.cnbc.com/2014/08/20/are-you-rich-and-sophisticated-enough-for-private-funds.html | http://web.archive.org/web/20150921232604id_/http://www.cnbc.com/2014/08/20/are-you-rich-and-sophisticated-enough-for-private-funds.html | Are you rich and sophisticated enough for private funds? | 20150921232604 | For decades, the SEC has used money as a proxy for being smart enough to understand the risks of private funds, which aren't required to disclose much about their investments. A person with a net worth of more than $1 million or an income of at least $200,000 over the last two years ($300,000 with a spouse) has been "accredited."
The Dodd-Frank Act of 2010 set up potential changes.
The financial reform law mandated that the SEC review the definition of accredited investor every four years beginning in 2014. That came after a new rule in December 2011 saying that the value of a home could no longer be counted toward the $1 million net worth requirement. And in July 2013 the SEC asked the public for comment on changing the definition of the term.
Read MoreHow to invest in the next Apple
Now, the SEC's Investor Advisory Committee—a group of consumer advocates, private funds and others—is discussing potential changes. It has yet to issue a recommendation, and even that would be nonbinding. But there appears to be relative consensus that, at minimum, the wealth levels set in 1982 should be increased.
"We think the thresholds are clearly inadequate," Barbara Roper, director of investor protection for the Consumer Federation of America and a leader on the SEC committee, said, echoing other consumer advocate groups.
Even a hedge fund representative on the committee, Pershing Square Capital Management's chief legal officer, Roy Katzovicz, said "thresholds set many decades ago should be revisited" during a hearing of the SEC's advisory committee meeting in July.
One common suggestion from the North American Securities Administrators Association and other advocacy groups is to raise the minimums by adjusting for inflation. That would mean a new net worth requirement of about $2.5 million and income of $400,000 ($600,000 if married).
A Government Accountability Office analysis in 2013 showed that increasing the wealth minimum for inflation (then to $2.3 million) would decrease the number of households qualifying to invest in private funds by 56 percent, from approximately 8.5 million to 3.7 million. | A lot more money might be required to invest in private funds given new rules under consideration at the SEC. | 19.571429 | 0.714286 | 1.47619 | medium | low | abstractive |
http://www.cnbc.com/2015/06/26/index-funds-trounce-actively-managed-funds-study.html | http://web.archive.org/web/20150922005558id_/http://www.cnbc.com/2015/06/26/index-funds-trounce-actively-managed-funds-study.html | Index funds trounce actively managed funds: Study | 20150922005558 | Active funds with below-average costs were more likely to outperform higher-cost active funds over the decade studied. However, low-cost active funds still had lower average annualized returns compared with the average passive fund in nine of the 12 categories studied in the report.
No U.S. equity category had a success rate higher than 50 percent compared with their index-fund peers over trailing three- and five-year periods. Only active intermediate-term bond funds beat their average passive peers in the same time periods.
Active U.S. value funds had an edge over active U.S. growth funds, the researchers found, and investors tended to select better-performing active funds, as category asset-weighted returns were generally higher than the equal-weighted returns.
Read MoreGMO's Grantham: Not a stock market bubble ... yet
Despite the findings, active fund managers at the Morningstar Investment Conference said that they still offer clients value.
"As long as there is fear and greed, there will be the ability to time arbitrage," said Steven Romick, a top-rated portfolio manager at FPA Funds, Thursday at a conference panel entitled "Stock-Picking Is Dead, Long Live Stock-Picking?" | A new study finds that actively managed funds lagged their index-fund counterparts, especially over longer time period. | 11.095238 | 0.52381 | 1.095238 | low | low | abstractive |
http://www.cnbc.com/2015/01/14/wall-street-confused-about-fed-rate-future-trader.html | http://web.archive.org/web/20150922120112id_/http://www.cnbc.com/2015/01/14/wall-street-confused-about-fed-rate-future-trader.html | Wall Street confused about Fed rate future: Trader | 20150922120112 | Wall Street's sharply negative reaction Wednesday to weaker-than-expected December retail sales was due to confusion about whether the Fed may delay its interest rate hike, TJM Institutional Services' managing director told CNBC.
"Remember when we were supposed to be worried, the stock market was supposed to be worried, that rates are going up. Now we're pushing back those back in the stock market," Jim Iuorio said.
"The stock market is confused about change. And I don't think it's a big deal."
Dow futures were down as much as 250 points after retail sales showed their biggest drop since last January. The 10-year Treasury yield broke through October lows, dipping below 1.80 percent.
Oil prices continued their slide in early trading, while copper sank to 5½-year lows overnight. Copper is often seen as a bellwether for global economic health.
The euro fell in early trading below its 1999 launch rate against the dollar for the first time in over nine years, after an adviser to Europe's highest court said an ECB bond-buying program was legal under certain conditions.
Volatility has certainly been back on Wall Street these days, highlighted by Tuesday's dramatic reversal that saw the Dow Jones Industrial Average up 282 points and down 143 points before closing modestly lower. | Trader Jim Iuorio says Wall Street's sharply negative reaction to weaker-than-expected December retail sales was due to confusion about the Fed's intentions. | 8.689655 | 0.896552 | 8.344828 | low | medium | extractive |
http://www.cnbc.com/2015/08/05/challenging-gender-race-stereotypes-at-work-commentary.html | http://web.archive.org/web/20150923092723id_/http://www.cnbc.com/2015/08/05/challenging-gender-race-stereotypes-at-work-commentary.html | Challenging gender, race stereotypes at work--commentary | 20150923092723 | My mother – strong, authentic, and unwaveringly true to herself – is my role model for success as a multicultural woman. With her support, I came to the U.S. to earn my MBA. I'd never been to the U.S. My English was heavily accented. Upon earning my degrees in accounting, I embarked on a career in financial services – a white male-dominated industry if ever there was one.
As a woman in financial services, there were a handful of role models. As a multicultural woman, though, I felt very much on my own.
Read More Report: Gender pay gap may not close for generations
Today, decades later, many multicultural women find themselves on this same lonely island. While women, as a group, have made steady (albeit slow) inroads, multicultural women have been hindered by the challenges and complexities of both race and gender.
Let's take a look at the gap. The typical white woman with a bachelor's degree made 76 percent of what a similarly educated white man earned in 2014, according to Census Bureau data. By comparison, African-American and Hispanic women with a bachelor's degree made 68 percent and 66 percent, respectively, of the salary of a similarly educated white man. Asian-American women do better, earning 81 percent of a white man's salary at that education level.
Only 39 percent of multicultural women (compared with 51 percent of white women) believe their talent is the first thing noticed by colleagues when they walk into a room, according to Multicultural Women at Work, a recent survey of college-educated women by the Working Mother Research Institute (WMRI), sponsored by Deloitte. Just 40 percent of white women feel there's a race-based disparity in ability to climb the career ladder, but 53 percent of Asians, 58 percent of Hispanics and 73 percent of blacks say they feel that disparity at work.
Yvette Gilmore, now a vice president at a secondary mortgage company, once worked for a manager who had never hired a black person before. He kept remarking how articulate she was.Yvette had to pull him aside and say, "You know, you've got to stop that." The executive was surprised that she disliked the comment. She said, "I want you to think back really hard about the last time you told a white person how great it was that he or she was articulate." Being a woman of color means managing other people's discomfort with you race and gently educating them.
The survey found that multicultural women who feel they can be their authentic selves at work are more satisfied with their current jobs (91 percent versus 36 percent who don't feel they can be their authentic selves at work. Best-practice employers are taking steps to smooth the way, through professional development, training, mentoring, and leadership programs.
Carla Vernon, a vice president of marketing at a consumer-products company was on a call with an advertising agency that was setting up a commercial for two white scientists to make a breakfast cereal as chocolate-y as possible. When Carla suggested swapping out one character for a person of color, the response was that they needed it to be a quick read that this was a scientist. Carla said to them, "I'm African American and Hispanic, and my mother is a scientist, so I think we have every reason to cast a non-Caucasian as the scientist."
Read MoreNFL gets its first female coach
Challenging stereotypes isn't easy. But the more practice we get, the better we will get at creating a workplace that is as diverse as it is comfortable for everyone.
Diverse perspectives are assets to employers. Successful companies realize that their increasingly diverse customers have unique needs. As multicultural women, we bring an added dimension of perspective and insight that is unique to our culture, the challenges we have overcome, and the paths we have taken.
Having gone down this path myself, I can offer these tips to women of color trying to advance their careers in today's marketplace.
Be authentic: Authenticity comes with knowing who we are and, more important, having clarity about what we want. Women shouldn't change the way they dress, shorten their names (for example, Subha becoming Sue) or fear to speak openly about their cultures and traditions. | If you think it's difficult for women at work, it's even harder for multicultural women, says Subha Barry. | 36.869565 | 0.782609 | 1.565217 | high | low | mixed |
http://www.cnbc.com/2015/08/09/stay-the-course-on-media-biotech-sell-off-trader-says.html | http://web.archive.org/web/20150923095117id_/http://www.cnbc.com/2015/08/09/stay-the-course-on-media-biotech-sell-off-trader-says.html | 'Stay the course' on media, biotech sell-off, trader says | 20150923095117 | Last week, the sudden and swift decline in both media and biotech stocks had traders pressing the sell button. The Dow Jones Industrial Average had seven straight losing sessions, the longest streak since October.
Overall, approximately $45 billion worth of market value was lost last week among major media companies. The biggest losers were marquee names like Disney, Time Warner, 21st Century Fox and Viacom, widely considered by analysts to be the industry's leaders.
Read MoreWhy streaming plans may hurt media companies
In an era where consumers are "cutting the cord," or shedding pricey cable television packages in favor of specialized options or Internet streaming media, Wall Street fears many media companies could lose precious viewers and ad dollars.
Yet despite the bad news, one closely followed technician says that it's providing investor with a great opportunity, and he planned to buy the dip.
"Stay the course," Rich Ross of Evercore ISI told Fast Money on Thursday. | The sudden decline in both media and biotech stocks had traders pressing the sell button. Yet one technician said he's buying the dip. | 7.192308 | 0.923077 | 8.230769 | low | medium | extractive |
http://www.cnbc.com/2015/04/27/greece-bankrupt-ifos-sinn.html | http://web.archive.org/web/20150923101744id_/http://www.cnbc.com/2015/04/27/greece-bankrupt-ifos-sinn.html | Greece bankrupt: Ifo's Sinn | 20150923101744 | Greece's reform plans to date have been rejected by its lenders, and frustration is mounting within the Greek government – and particularly from its outspoken Finance Minister, Yanis Varoufakis.
However, later Monday, Greece's stock and bond markets rallied on reports that Greek Prime Minister, Alexis Tsipras, had decided to change the team of epresentatives that are currently in talks with the International Monetary Fund and the European Union. Deputy Foreign Minister, Euclid Tsakalotos, was appointed co-coordinator of the group, according to the reports. Varoufakis, however, would still be leading negotiations at a ministerial level.
Responding to reports that he was isolated during the debt talks this weekend, Varoufakis tweeted a quotation by former American President Franklin Roosevelt on Sunday that said: "They are unanimous in their hate for me; and I welcome their hatred."
Varoufakis might be content to be out in the cold, but there is no denying that Greece desperately needs financial help.
It is running out of cash and has loan repayments to make in May to one of its lenders, the International Monetary Fund. It could struggle to make those payments, however, as well as meeting its domestic wages and pension bills.
Chief European Economist at Nomura, Jacques Cailloux, told CNBC Monday that despite Greece's increasingly solitary position in Europe, a political solution could come from within the country by June.
"There is a united front against Greece at this stage from…the Europeans (and) the international creditors, so I think that's putting the pressure on Greece," he told CNBC Europe's "Squawk Box" Monday.
He added that a referendum could be held within Greece by June to let the people decide whether or not they should stay in the euro zone and accept austerity as a result.
"Most of the polls are suggesting they would say 'yes' (to saying in the euro)," he said. Contrary to Sinn, Cailloux said a Grexit would have a "pretty long-lasting damaging impact on the rest of the euro zone." | Europe needs to allow for bankruptcy within its borders, the president of the influential Ifo Institute for Economic Research told CNBC. | 17.434783 | 0.652174 | 0.913043 | medium | low | abstractive |
http://www.cnbc.com/2015/08/27/pr-newswire-global-market-study-on-biological-drugs-north-america-to-witness-highest-growth-by-2020.html | http://web.archive.org/web/20150924001359id_/http://www.cnbc.com/2015/08/27/pr-newswire-global-market-study-on-biological-drugs-north-america-to-witness-highest-growth-by-2020.html | Global Market Study on Biological Drugs: North America to Witness Highest Growth By 2020 | 20150924001359 | NEW YORK, Aug. 27, 2015 /PRNewswire/ -- Biological drugs are typically derived from living cells and are used in the prevention and treatment of various diseases such as cancer, blood disorders, auto-immune diseases and other medical conditions. Biological drugs have more complex structures compared to that of conventional drugs. These are highly sensitive and more difficult to characterize and develop. A biological drug typically has around 250 in-process tests during manufacturing compared to around 50 tests for a conventional drug.The increasing prevalence of chronic diseases and growing geriatric population are the major drivers of the global biological drugs market. In addition, various government associations are also supporting the growth of the biological drugs market. Furthermore, advancements in biomedical science hold immense potential for the growth of the biological drugs market. However, high costs of biological drugs and patent expiry of blockbuster drugs impede the growth of the biological drugs market. Moreover, risks of adverse effects associated with biologic injectable drugs are also inhibiting the growth of the biological drugs market.In terms of geography, North America dominates the global biological drugs market. This is due to increasing use of biological drugs for the treatment of diseases such as cancer, diabetes, and other chronic diseases. In addition, various government associations are promoting the usage of biological drugs in North America. For instance, in 2012, the American College of Rheumatology – an organization that advances rheumatology through education and research – recommended biologic agents and disease-modifying antirheumatic drugs for the treatment of rheumatoid arthritis.In Europe, the biological drugs market is growing due to increasing aging population in the region. According to a UN report, elderly people accounted for 23.2% of the total population in Germany in 2000, and the number is expected to reach 33.2% by 2025. Aging can lead to certain disorders such as age-related macular degeneration and glaucoma, which require biological drugs for their effective treatment. Low manufacturing costs in Asia attract biopharmaceutical companies to invest in the region. For instance, Lonza – a Switzerland-based biotechnology company – invested around US$ 350 Mn in Singapore and India, in order to encourage biological activities.This report provides in-depth analysis and estimation of the biological drugs market for the period 2014–2020, considering 2014 as the base year for the calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The global biological drugs market is categorized based on therapeutic protein, monoclonal antibodies (mAb), and vaccines. Based on therapeutic protein, the market segments include Enbrel, Lantus, Neulasta, Avonex, NovoLog, Rebif, Humalog, Aranesp, Epogen, Levemir, Victoza, Betaseron, Neupogen, and Eylea. Based on mAb, the report comprises Humira, Remicade, Rituxan, Avastin, Herceptin, and Lucentis. The vaccine segment is further sub-segmented into Prevnar 13, Gardasil, Fluzone, Varivax, and Cervarix. On the basis of geography, the report identifies and analyzes the market size and predictions for North America, Europe, Asia, and Rest of the World (RoW). Some of the major players in the biological drugs market are Pfizer Inc., Abbott Laboratories, Novartis AG, Eli Lilly and Company, GlaxoSmithKline plc., Bristol-Myers Squibb Company, Merck & Co., Inc., Amgen Inc., Baxter International Inc., and Biogen Idec. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.Read the full report: http://www.reportlinker.com/p03175789-summary/view-report.htmlAbout Reportlinker ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.http://www.reportlinker.com __________________________Contact Clare: clare@reportlinker.com US: (339)-368-6001Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-market-study-on-biological-drugs-north-america-to-witness-highest-growth-by-2020-300134440.html | NEW YORK, Aug. 27, 2015/ PRNewswire/-- Biological drugs are typically derived from living cells and are used in the prevention and treatment of various diseases such as cancer, blood disorders, auto-immune diseases and other medical conditions. Moreover, risks of adverse effects associated with biologic injectable drugs are also inhibiting the growth of the... | 13.016129 | 0.951613 | 25.564516 | low | high | extractive |
http://www.people.com/article/nicole-kidman-admits-she-never-texts-keith-urban | http://web.archive.org/web/20150924015737id_/http://www.people.com:80/article/nicole-kidman-admits-she-never-texts-keith-urban | Nicole Kidman Admits That She Never Texts or Emails Husband Keith Urban : People.com | 20150924015737 | Nicole Kidman and Keith Urban at the Grammys last year.
09/22/2015 AT 06:00 PM EDT
No matter how cute the emoji,
prefers communicating the old fashioned way.
"My husband and I never text each other. We never do," Kidman, 48, said of
in a recent interview with
. "Once in a blue moon, we'll text. But mainly we say, 'I want to hear your voice.' That's very unusual but we've been together for 10 years. We started like that and we haven't changed it. We don't email each other either. So it's about trying to keep it as intimate and personal as possible."
Though the actress keeps the tech to a minimum when it comes to her husband, she admits it's a necessity to staying in contact with her children.
"I have four children, so to stay in touch with them, it's very important," Kidman said. "I'm definitely engaged in it but I don't let it rule my life."
, has two children from her previous marriage to
– Isabella, 22, and Connor, 20.
The Academy Award winner, who
, is appreciative of her hard-working husband, and said the country crooner's priority is his family.
"I have an incredible husband who is so willing to get on planes and fly places, even if it's for a night," Kidman said. "I had an opening of the play [
] three nights ago, and he's in the middle of a tour in the States. I said, 'It's too much for you to have to fly all the way back, don't worry,' and he said, 'I'm flying.'
Adding, "He flew 10 hours to come and be with me for the night, and then he flew back and did a gig. That for me is love in action. That's extraordinary. But I would do the same for him and that's what we've committed to as a couple."
But the family will eventually congregate at their home base in England.
"Everybody's just relocating and living in London for a little while, so I'm really looking forward to that because I love London," Urban
. "Of course, I've got a a lot of shows on and the
auditions are gonna start, so I'm going back and forth from London pretty regularly, so we've got a busy year ahead of us." | "That's very unusual but we've been together for 10 years," the actress said in a recent interview with DuJour | 21.041667 | 0.958333 | 7.458333 | medium | high | mixed |
http://www.cnbc.com/2015/07/02/kevin-oleary.html | http://web.archive.org/web/20150924103001id_/http://www.cnbc.com/2015/07/02/kevin-oleary.html | Kevin O'Leary | 20150924103001 | Kevin O'Leary is chairman of O'Leary Funds, a mutual fund company with $1 billion under management, and of O'Leary Mortgages, a real estate financial services company. He is also founder and chief sommelier of O'Leary Fine Wines, an award-winning wine label, and a member of Boston's 107-year-old Hamilton Trust.
In addition to "Shark Tank," O'Leary co-hosts the "Lang and O'Leary Exchange," a daily business news television show, and is the bestselling author of "Cold Hard Truth" and "Men, Women and Money." O'Leary holds a B.A. in environmental studies and psychology from the University of Waterloo and an MBA from the Richard Ivey School of Business, where he serves as a board member.
Find and follow Kevin O'Leary online at kevinoleary.com, on Twitter at @kevinolearytv and on Facebook at facebook.com/kevinolearytv.
He will be speaking at iCONIC:DC on November 11, 2015. Register today. | Chairman, O'Leary Funds | 45.25 | 1 | 1.5 | high | high | abstractive |
http://www.cnbc.com/2015/05/05/reuters-america-us-presidential-hopeful-sanders-break-up-the-big-banks.html | http://web.archive.org/web/20150924230832id_/http://www.cnbc.com/2015/05/05/reuters-america-us-presidential-hopeful-sanders-break-up-the-big-banks.html | U.S. presidential hopeful Sanders: Break up the big banks | 20150924230832 | WASHINGTON, May 5 (Reuters) - Bernie Sanders, a self-described socialist U.S. senator who has launched a bid for the 2016 Democratic presidential nomination, said on Tuesday he will introduce a bill to break up the biggest banks, a position far to the left of the party's front runner, Hillary Clinton.
Calls for Wall Street's largest firms to be cut down were numerous after taxpayers spent billions of dollars to prevent the financial system from collapse during the 2007-09 financial crisis, but they have since gradually died down.
Sanders faces long odds against Clinton's fund-raising might, and his views might help position the former secretary of state and first lady more as a moderate and buttress her efforts to attract money from banks' deep pockets.
Under the Sanders proposal, regulators on the existing Financial Stability Oversight Council would compile a list of institutions that are 'too big to fail' and implicitly rely on government support during a crisis.
"If an institution is too big to fail, it is too big to exist," Sanders said in a statement.
Within a year of enactment of the bill, the Treasury secretary would be required to break up these firms. They would also be prohibited from using any customer funds for risky or speculative activities on financial markets.
Sanders, an independent from Vermont, launched his long-shot bid last week, highlighting his fight against authorizing the Iraq war, which Clinton voted to authorize as a senator, and putting pressure on her political agenda from the left.
Sanders is not alone in his view that large banks still pose an undue risk to the economy after causing the worst economic crisis since the Great Depression.
Senator Elizabeth Warren, a highly visible Democrat from Massachusetts, also wants to break up big banks. Among regulators, Tom Hoenig, second-in-command at the powerful Federal Deposit Insurance Corporation, wants the same thing.
Still, the bill stands a near-zero chance of becoming law. Representative Brad Sherman, a Democrat from California, also backed the bill, but it has no Republican support. Republicans hold the majority in both houses of Congress.
President Barack Obama is also opposed to making any changes to the 2010 Dodd-Frank law aimed at reforming Wall Street.
(Reporting by Douwe Miedema; Editing by Dan Grebler) | WASHINGTON, May 5- Bernie Sanders, a self-described socialist U.S. senator who has launched a bid for the 2016 Democratic presidential nomination, said on Tuesday he will introduce a bill to break up the biggest banks, a position far to the left of the party's front runner, Hillary Clinton. Under the Sanders proposal, regulators on the existing Financial Stability... | 6.57971 | 0.971014 | 42.594203 | low | high | extractive |
http://www.cnbc.com/2015/05/06/cnbc-exclusive-cnbc-transcript-cnbcs-julia-boorstin-sits-down-with-cablevision-ceo-james-dolan-on-cnbcs-fast-money-halftime-report-today.html | http://web.archive.org/web/20150925003321id_/http://www.cnbc.com/2015/05/06/cnbc-exclusive-cnbc-transcript-cnbcs-julia-boorstin-sits-down-with-cablevision-ceo-james-dolan-on-cnbcs-fast-money-halftime-report-today.html | CNBC Exclusive: CNBC Transcript: CNBC's Julia Boorstin Sits Down with Cablevision CEO James Dolan on CNBC's "Fast Money Halftime Report" Today | 20150925003321 | WHEN: Today, Wednesday, May 6th
WHERE: CNBC's "Fast Money Halftime Report"
Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Cablevision CEO James Dolan on CNBC's "Fast Money Halftime Report" (M-F, 12PM-1PM ET) today. Following are links to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000377071 and http://video.cnbc.com/gallery/?video=3000377300.
All references must be sourced to CNBC.
SCOTT WAPNER: TOP CABLE EXECUTIVES TODAY MEETING IN CHICAGO AT THE INTERNET AND TELEVISION EXPO. JOINING US RIGHT NOW IN A RARE INTERVIEW FOR A CNBC EXCLUSIVE IS CABLEVISION'S CEO JAMES DOLAN. HE IS ALSO THE EXECUTIVE CHAIRMAN OF MADISON SQUARE GARDEN, OWNS THE KNICKS AND THE RANGERS, HE IS WITH OUR JULIA BOORSTIN NOW, AS WE SAID, EXCLUSIVELY. GUYS, I'LL SEND IT OUT TO YOU.
JULIA BOORSTIN: THANKS SO MUCH, SCOTT. JIM, THANKS SO MUCH FOR JOINING US TODAY. NOW WE WERE JUST ON STAGE I INTERVIEWED YOU ON A PANEL HERE AND YOU SAID YOU WERE VERY INTERESTED IN M&A CONSOLIDATION IN YOUR AREAS WHERE CABLEVISION OPERATES. THAT SENT CABLEVISION STOCK JUST SHOOTING HIGHER, ABOUT 6%, WHAT DO YOU PROPOSE HERE?
JAMES DOLAN: WELL, THE CONCEPT THAT I PUT FORWARD IS ESSENTIALLY THAT NEW YORK OPERATE AS YOU KNOW, AS ONE CABLE OPERATION. THERE ARE SEVERAL OPERATORS IN NEW YORK. SO CONSOLIDATION IS MORE THAN OBVIOUSLY THAN ONE COMPANY, BUT THE POINT WAS BASICALLY, RATHER THAN THE FOCUS HAS BEEN FOR BIG LARGE COMPANIES TO GET TOGETHER RIGHT AND TO YOU KNOW, OPERATE THAT WAY, THAT IF WE FOCUSED ON THE MARKETS, I THINK THAT WOULD BRING MORE TO THE CONSUMER AND I THINK IT WOULD MAKE THE BUSINESSES MORE VALUABLE.
BOORSTIN: SO HAVE YOU BEEN HAVING CONVERSATIONS WITH ROB MARCUS, CEO OF TIME WARNER CABLE?
DOLAN: TODAY AT THE PANEL IS THE FIRST TIME I'VE SEEN HIM IN MONTHS.
BOORSTIN: SO WHAT ARE YOUR PLANS TO PUT THIS INTO ACTION? I MEAN, TIME WARNER CABLE SEEMS LIKE A NATURAL DANCE PARTNER HERE.
DOLAN: LOOK, IT'S LIKE ANYTHING ELSE. WE'RE INTERESTED, THEY'D HAVE TO SEE THE VALUE IN IT, TOO. I'M SURE I'LL TALK TO THEM ABOUT THE VALUE OF IT. BECAUSE I THINK IT'S THERE. I THINK WE CAN PROVE IT AND WE'LL SEE WHAT HAPPENS.
BOORSTIN: YOU FACE A LOT OF OVERLAP WITH FIOS, WHICH IS OWNED BY VERIZON. DO YOU NEED THIS SCALE? DO YOU NEED TO MERGE WITH ANOTHER CABLE COMPANY TO COMPETE?
DOLAN: NO, WE'RE DOING JUST FINE. BUT WHAT WE'RE SEEING IS BECAUSE OF THE INNOVATION THAT REALLY HONESTLY THE COMPETITION HAS BROUGHT US, THAT THERE'S A LOT MORE OPPORTUNITY IN THE MARKET AND PARTICULARLY WHEN YOU PUT THE WHOLE MARKET TOGETHER.
BOORSTIN: SCOTT YOU WANT TO JUMP IN HERE?
WAPNER: I WOULD. MR. DOLAN, IT'S GREAT TO HAVE YOU ON THE HALFTIME SHOW TODAY. I'M SURE YOU HEARD CARLY FIORINA'S COMMENTS YESTERDAY. SHE, OF COURSE, JOINING THE GOP RACE. SHE'S SAYING SHE WOULD LIKE TO ROLL BACK THE MOST RECENT NET NEUTRALITY RULING. OTHER CABLE CEOs HAVE SPOKEN OUT AGAINST IT. OTHERS IN THE GOP LIKELY WOULD TRY AND DO THE SAME. I WOULD LIKE TO HEAR FROM YOU PUBLICLY ON WHAT YOU THINK ABOUT THE RULING, WHAT YOU'D LIKE TO SEE DONE AS A RESULT OF ALL OF IT?
DOLAN: OKAY. I'M NOT REALLY BOTHERED TO BE HONEST BY THE NET NEUTRALITY RULINGS. THAT'S THE WAY WE'VE ALWAYS OPERATED. AND THAT'S THE WAY WE PLAN ON CONTINUING TO OPERATE. AND AS FAR AS I CAN TELL, THAT'S WHAT THE CONSUMER WANTS. SO I'M A BIG BELIEVER IN THE CAPITALIST SYSTEM AND THAT THE CONSUMER WILL ULTIMATELY GET WHAT THEY WANT. ONE WAY OR ANOTHER. SO I WANT TO BE THERE FRONT LINE TO GIVE IT TO THEM. I DON'T THINK THOSE RULES APPLY.
WAPNER: YOU DON'T HAVE A PROBLEM WITH WHAT SOME WOULD CALL OVERREGULATION OF YOUR BUSINESS?
DOLAN: I DON'T THINK THE BUSINESS NEEDS THE REGULATION, BUT THAT'S NOT WHAT I SEE AS THE INHIBITING FACTORS IN HOW I BUILD MY BUSINESS.
BOORSTIN: YOU HAVE MADE A NUMBER OF CHANGES RECENTLY. WHICH SEEM TO BE EMBRACING CORD CUTTING. YOU EVEN HAVE A CORD CUTTING PACKAGE WHICH INCLUDE AS DIGITAL ANTENA.
BOORSTIN: WHAT KIND OF SUCCESS HAVE THESE PACKAGES HAD SO FAR?
DOLAN: WELL, IT'S VERY, VERY EARLY ON THE CORD CUTTING PACKAGE. AND THAT IS ESSENTIALLY TARGETED TO THE CONSUMER WHO IS TELLING US THAT THEY'RE NOT GOING TO SPEND SIX OR SEVEN HOURS A DAY IN FRONT OF THEIR TELEVISION SET, THEY'RE GOING TO SPEND MAYBE AN HOUR, MAYBE TWO HOURS A DAY IN FRONT OF THEIR TV SET. AND WHEN THEY GET THERE, THEY'RE GOING TO WANT TO WATCH EXACTLY WHAT THEY WANT. THEY'RE GOING TO WATCH "GAME OF THRONES," THEY ARE GOING TO WATCH WHATEVER THEIR SERIES IS, ET CETERA. AND THEY'RE AGNOSTIC AS TO WHETHER THEY GET IT THROUGH THE INTERNET, ET CETERA AND THE CORD-CUTTERS PACKAGE IS SORT OF TARGETED TOWARDS THEM.
BOORSTIN: SPEAKING OF "GAME OF THRONES." YOU'RE THE FIRST CABLE OPERATOR TO PACKAGE HBO NOW WITH BROADBAND.
BOORSTIN: IT HAS BEEN ABOUT A MONTH. HOW IS IT GOING?
DOLAN: IT'S STILL TOO EARLY FOR THAT. YOU KNOW, WE'RE JUST MARKETING IT NOW. AND THERE'S NOT RESULTS THAT WOULD BE SIGNIFICANT.
BOORSTIN: BUT YOU'RE ALSO JUST ANNOUNCED YOU'RE GOING TO BE PACKING HULU WITH BROADBAND. DO YOU THINK ALL OF THESE PACKAGES TARGETING CORD-CUTTERS ARE GOING TO DRIVE SOME ACTUAL CORD-CUTTING FROM YOUR OTHER SUBSCRIBERS?
DOLAN: I THINK THAT INSIDE THE MARKETPLACE THERE'S A DESIRE BY A PORTION, NOT A LARGE – NOT NECESSARILY A LARGE PORTION, BUT I'VE SAID THOSE KINDS OF CONSUMERS, PARTICULARLY MILLENNIALS, THAT ARE NOT SPENDING A TON OF TIME IN FRONT OF THEIR TV SET AND DON'T NEED BIG, HUGE BUNDLES OF CHANNELS IN ORDER TO SATISFY THEIR TELEVISION VIEWING NEEDS. THOSE ARE THE PEOPLE THAT YOU KNOW THAT CORD-CUTTING SORT OF WORKS FOR. AND REALLY CORD-CUTTING IS JUST ANOTHER WAY OF SAYING, GETTING THE PROGRAMMING I WANT WHEN I WANT IT.
WAPNER: MR. DOLAN WERE YOU AGAINST OUR PARENT COMPANY, COMCAST, DOING THAT DEAL WITH TIME WARNER CABLE?
DOLAN: NO. NOT AT ALL. I DON'T UNDERSTAND WHY THE DEAL DIDN'T GO THROUGH. I BELIEVE THAT THERE'S PLENTY OF COMPETITION OUT THERE. AND YOU KNOW, I DON'T HAVE AN EXPLANATION FOR WHY IT DIDN'T HAPPEN. I CERTAINLY WAS NOT AGAINST IT.
WAPNER: I MEAN, I'M JUST WONDERING, SO IF THAT – BECAUSE THAT DEAL IS NOT HAPPENING, IT DOES POTENTIALLY LEAVE MORE OPTIONS ON THE TABLE FOR A COMPANY LIKE YOURS, WHICH MANY HAVE SPECULATED WOULD BE THE APPLE OF SOMEBODY'S EYE.
DOLAN: I LIKE BEING THE APPLE OF SOMEBODY'S EYE. AGAIN, IT COMES BACK TO WHAT I SAID BEFORE. THERE'S A LOT OF OPPORTUNITY INSIDE OF CONSOLIDATING THE MARKETPLACES. AND IN PARTICULAR, THE ONE I KNOW BEST IS NEW YORK. WHETHER THAT'S YOU KNOW, WITH ONE COMPANY OR TWO COMPANIES AND WHO THAT IS, I THINK THAT IF YOU BELIEVE IN THAT OPPORTUNITY, YOU'RE GOING TO BE DRAWN TO IT AND YOU'RE GOING TO EXECUTE TO IT AND SO I DON'T WORRY ABOUT THAT.
BOORSTIN: NOW LOOKING AT YOUR OWN BUSINESS, YOU'VE BEEN KEEPING YOUR REVENUE GROWTH ON TRACK BY RAISING PRICES AND EARNING MORE PER SUBSCRIBER, RATHER THAN ADDING SUBSCRIBERS. HOW LONG ARE THOSE PRICE INCREASES SUSTAINABLE?
DOLAN: ACTUALLY, IT'S NOT JUST PRICE INCREASES. THERE IS SOME PRICE INCREASES IN IT. BUT WE'VE BEEN FOCUSING HARD ON OUR SERVICE. I THINK OUR SERVICE HAS IMPROVED MARKEDLY. AND ALSO IN HOW WE TREAT OUR CUSTOMERS IN TERM OF PROMOTIONS, ET CETERA. WE'RE NOT FIGHTING A PROMOTIONAL WAR WITH FIOS AND ESSENTIALLY WHEN SOMEONE CALLS US UP AND WANTS THEIR THIRD PROMOTION, WE SAY WE'RE SORRY, YOU HAVE TO PAY THE REGULAR PRICE. AND WHAT THAT IS DOING IS ACTUALLY RAISING THE AVERAGE REVENUE PER SUBSCRIBER BECAUSE WE'RE NOT SO DEEPLY DISCOUNTING.
BOORSTIN: NOW, I KNOW WE'RE ALMOST OUT OF TIME HERE, BUT I WOULD BE REMISS IF I DIDN'T ASK ABOUT ISIAH THOMAS, WHO YOU JUST APPOINTED TO RUN THE LIBERTY. NOW, A LOT OF PEOPLE ARE SCRATCHING THEIR HEADS. WHY DID YOU BRING HIM BACK?
DOLAN: YOU KNOW WHAT, I AM SO PLEASED BY EVERYONE'S INTEREST IN THE NEW YORK LIBERTY. I CAN'T WAIT TO SEE THEM ALL AT THE GAME. I KNOW ISIAH IS LOOKING FORWARD TO PUTTING A GREAT TEAM ON THE FLOOR AND I HOPE EVERYBODY COMES TO SEE THAT.
WAPNER: MR. DOLAN, LET ME JUMP IN. I KNOW YOU'RE WEARING A RANGERS PIN. THEY'RE PLAYING THE WASHINGTON CAPITALS OBVIOUSLY IN PLAYOFFS. BUT YOU MUST HAVE KNOWN THAT THE ISIAH NEWS WAS GOING TO DRAW A LOT OF INTEREST AND FRANKLY CONTROVERSY IN NEW YORK CITY. IT IS ON ALL OF THE PAPERS TODAY. THE POST SAYING CAN'T MAKE THIS UP. BUT REALLY, WHY DID YOU MAKE THE MOVE? KNOWING IT WOULD BE CONTROVERSIAL.
DOLAN: THE NEW YORK LIBERTY AND THE WNBA, I DON'T THINK IT'S A BIG SECRET, THEY ARE NOT AS POPULAR AS WE NEED THEM TO BE. THEY NEED – AND PARTICULARLY THE LIBERTY NEED TO BE A GREAT BASKETBALL TEAM AND THEY NEED TO WIN. SO I LOOKED AROUND TO SEE WHO COULD GIVE ME A WINNER. AND NUMBER ONE ON MY LIST FOR SOMEONE WHO WOULD DO THAT JOB WAS ISIAH THOMAS AND SO, I WENT FOR IT. I DID NOT PAY ATTENTION TO, YES, ALL THE CONTROVERSY I KNEW WOULD BE THERE. I'M USED TO LIVING IN CONTROVERSY. SO IT DIDN'T BOTHER ME.
BOORSTIN: NOW, WE'RE OUT OF TIME BUT I HAVE TO ASK, DO YOU THINK THE RANGERS HAVE WHAT IT TAKES TO WIN THIS YEAR?
DOLAN: YES, I DO. I BELIEVE.
BOORSTIN: THANK YOU SO MUCH FOR JOINING US, WE REALLY APPRECIATE IT.
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Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/. | CNBC Exclusive: CNBC Transcript: CNBC's Julia Boorstin Sits Down with Cablevision CEO James Dolan on CNBC's "Fast Money Halftime Report" Today | 81.666667 | 0.925926 | 8.111111 | high | medium | mixed |
http://www.cnbc.com/2015/05/08/attention-trivia-geeks-this-is-your-dream-job.html | http://web.archive.org/web/20150925023117id_/http://www.cnbc.com/2015/05/08/attention-trivia-geeks-this-is-your-dream-job.html | This is your dream job | 20150925023117 | The job of a "Jeopardy!" writer, as you can imagine, requires a plethora of research. That part has changed dramatically since Wisse was hired as a proofreader back in 1990 thanks to, you guessed it, the Internet.
"Back then, today's version of the Internet was a fantasy. Each of us still had a weekly 'library day.' We spent hours and hours digging up information," Wisse said.
The biggest change? "Back then we actually made phone calls. I miss that," Wisse said.
Read More Attention binge watchers: This is your dream job
He fondly recalls researching a category involving actress Uma Thurman and chatting with her father on the phone. Bet you didn't know Uma's father, Robert Thurman, was the first American Buddhist monk ordained by the Dalai Lama. Wisse also remembers calling the creator of Kitty Litter to confirm the product's origin. Not having information at your fingertips meant a good category idea took much longer to fulfill. A lot more ongoing lists, asking around, constantly making notes on scraps of paper and so on.
Though the days of researching in an office filled with ceiling-high stacks of books and old periodicals are gone, Wisse said the research is still just as difficult because of a gradual shift in "Jeopardy!" 's content.
"Back then we had a lot more academic material: history, geography, meat and potatoes. It was easier to research," he said.
Read MoreNice work if you can get it: Get paid to test bourbon
Now pop culture plays much more of a role on "Jeopardy!," which means a different kind of research. Wisse said he and his team constantly try to stay relevant as the average age of contestants continues to fall below the average age of the writers. That's due in part to the low turnover rate. The "newest" writers have been in their roles for about a decade.
So what keeps the turnover so low on the "Jeopardy!" writing staff? "It's a great job with a lot of variety. You get the quiet bookish part and the exciting production part. Plus, you get to see your name on TV," Wisse said.
Some of the writers, including Wisse, are at computers on the stage during tapings. Others are about 100 feet away watching on closed-circuit televisions ready to triple-check any questionable answers. | Love trivia? Useless knowledge? Obscure facts? Being an expert in such areas is a real job and Billy Wisse has it, he’s head writer for "Jeopardy!" | 14.117647 | 0.588235 | 1 | low | low | abstractive |
http://www.cnbc.com/2014/06/19/cnbc-exclusive-cnbc-transcript-igor-sechin-rosneft-ceo-speaks-with-cnbcs-steve-sedgwick-today.html | http://web.archive.org/web/20150925054838id_/http://www.cnbc.com/2014/06/19/cnbc-exclusive-cnbc-transcript-igor-sechin-rosneft-ceo-speaks-with-cnbcs-steve-sedgwick-today.html | CNBC Exclusive: CNBC Transcript: Igor Sechin, Rosneft CEO, Speaks with CNBC's Steve Sedgwick Today | 20150925054838 | WHEN: Today, Thursday, June 19th
Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Rosneft CEO Igor Sechin today. Following are links to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000285895 and http://video.cnbc.com/gallery/?video=3000285900.
All references must be sourced to CNBC.
CNBC's Steve Sedgwick (SS): Sir, Russia is hosting the World Petroleum Congress this year in Moscow. What's the key message for the WPC this year?
Igor Sechin (IS): This year has been a very responsible and successful year for Russia, and for Russian oil and gas businesses. I think that they were reasons for choosing Russia and Moscow as the host of the World Petroleum Congress. The reason for this is that the Russian oil and gas industry is an important element of the global oil and gas industry, and its contribution to the world's hydrocarbon production is significant - including 16% of oil production and 19% share in gas production. And it is one of the reasons that Moscow was chosen as the place of the World Petroleum Congress this year.
In the World Petroleum Congress we had 400 countries participating, and about 30 leaders from the ministries of the oil production companies were part of the congress. And I should say that the forum has been successful and has been very fruitful for the global oil and gas industry
The position of Rosneft company that I presented at the forum generally reflects the overall attendances in the world oil and gas industry.
I will briefly explain the position in order not to distract you from this important interview. First of all oil, the demand for oil, oil products and hydrocarbon generally exists and it keeps growing. And this growing demand is a challenge to the global oil industry.
The second thing that we need to point out is what is it that we are proposing and offering to the world's community in order to meet this challenge.
Currently the production is in decline in the most conventional fields. In order to ensure our security we need to focus on new fields. And most of the reserves to be developed in the new fields are challenged reserves including offshore reserves. The development of new fields challenged reserves and offshore reserves will require new technological solutions. It will result in the use of expensive equipment and techniques in the development of new infrastructure. And therefore the price of hydrocarbons should be such that it offsets the investments in the development of the new fields.
And another topic that we brought up at the World Petroleum Congress is ensuring the equal conditions for the industries, equal operating conditions.
By this I mean the regulation in the oil industry, the taxation and also creating new incentives for further development and growth. It is sufficient to mention that the taxation level in the oil industry is about 1.5, two times higher than in other industries.
SS: So from a Russian government perspective, what they need to do is to give you more incentives via a better regulatory regime, a better taxation regime. Is that what you, as head of Rosneft, is pushing for?
IS: I will go back to your question a little bit later and first I will complete the description of our position that we presented at the World Petroleum Congress if I may.
There's another principle that seems very important to us, and that requires the attention from the entire oil industry and this is the guarantee of honouring the contractual obligations by all parties.
We think this is a critical thing and especially now because the political risks are aggravating this year. We think that the power industry as well as the food industry are so sensitive that taking some political decisions and sanctions with regard to these particular industries are counter-productive and they are incurring significant damage to both consumers and producers. And therefore we suggested to our colleagues that we should include various political sanctions among force majeure. Because previously the force majeure circumstances did not include potential political sanctions. And it is very important because it would give the company a tool not to write off the money as losses.
And there's another thing that requires discussion, this is the improvement of the arbitration system. And because if the country where the arbitration court is located during the political sanctions, it is not likely that the arbitration would be objective.
And so the special attention to fulfil a contractual obligation is a key to the operations of the oil industry. Because I should mention that the investment cycles in the oil industry are much longer than election cycles. And this determines our responsibility. And in any case, we need to ensure the fulfilment of contractual applications. And I think that this is a key thing and our colleagues understand it. And the forum once again proved the high level of trust that high corporate culture and the existence of what I would call, a corporate club.
And going back to your question about incentives that are provided by the regulators in Russia. And I would like to inform you that our government and the president have been paying special attention to incentives in the oil and gas industry. And the last year we managed to have a number of incentives in the oil industry to be legalised in the government documents, and first of all it has to do with the operation of the difficult to recover reserves and offshore operations. And in my mind, the current Russian tax code that relates to the offshore development is the most liberal in the world. And I would like to point out that this initiatives and incentives were legalised. And the last year we received a very good proof of liberalisation of the gas market and also with the respect to LNG exports.
And I would like to say that this activity always involve very difficult discussions because of this permanent desire to get more in terms of the income part of the budget. But it's true not only for Russia but for all other countries. For example everyone has been criticising the Russian gas suppliers for the high gas cost for the European consumers. But when you look at the price structure for the end consumer, you will see that the forty percent of the price, is the price of supplies. And the remaining sixty percent cover the excise, taxes, storage, transportation costs, etc. And therefore sometimes it is useful to go and look deeper in the situation in order to reduce the number of questions from suppliers. And basically they generate the income a part of the budget not only in their country but also in the consumer countries. And in order to complete the conversation about the World Petroleum Forum, I told our colleagues what in our mind are the key events of this year.
And it seems to me that there are two key events in the global industry. And those two key events will be two projects with our American partner with Exxon Mobil. So with the first event I will start in a few days. And I'm talking about the installation of the world's largest unique offshore platform in Sakhalin, the platform called "Berkut" or the urn. And this is a unique platform and it will have a pad with a forty-five wheels operating. And the total weight of the structure is two hundred thousand tonnes. And about one hundred and fifty thousand tonnes is the weight of the substructure. And it is today [Wednesday] that the top side of the platform was delivered to Sakhalin. And we will be preparing for the installation of the top side. And we will monitor weather conditions. And in a few days the top side will be mounted on the substructure. And in sometime, we will start the operations.
And the other event that I have mentioned, is a strategic one for the industry. In August we will start the exploration drilling in the Kara sea. And this is also as part of our joint project with ExxonMobil. And it is going to be a significant event for the industry, because according to our sub-surface teams we can expect large discoveries in this area. And about 30 oil and gas structures were identified based on the previous work. And one of the structures is called Universitetskaya-1 and its area is 1,5000 sq. kilometres and the net base thickness is 550 metres. And I would like to wish good luck to all participants of this project and we hope that everything will work well as we planned. And we are also monitoring ice conditions in that area. And tentatively we will start operations in the first half of August.
SS: You mentioned that very exciting development with Exxon which starts in August. How important for you and for Rosneft are those relationships with Exxon, with Statoil, with BP for driving your growth strategy. They seem absolutely key for your expansion that you have good, strong international partnerships.
IS: As I said, Rosneft is a member of the global oil sector. And I'd like to point out that sometimes we are not perceived in the right way and we are considered as a state-owned company. And in fact we are an international public company. And our shares are traded on the London Stock Exchange and we are meeting all the requirements of international regulators and our shareholders include largest international companies and funds. For example, BP has a large interest in our company. And BP holds about 19.75% of our shares. And they are not just our partners they are our shareholders. And we understand our responsibility and we will use our best endeavours to guarantee the investments and to make sure that our operations meet all norms and requirements that apply to international public companies. In addition, we also work with them on the joint projects. And we are working as partners with almost all world oil majors such as ExxonMobil, Statoil, ENI, BP and a lot of others. And lately we have been implementing a large number of projects in challenged reserves and shale oil. And our Western partners are leaders, obviously, in this area. And it is only natural because the structure of our company's reserves is the world's best and initially, the difficult to produce reserves were not one of our priorities. But at the same time the shale oil deposits are located in the areas with developed infrastructure. And this is a serious reason for increasing production level from this type of deposits. And we really appreciate our co-operation with our Western colleagues and Western partners from the companies that we have just mentioned. And the cooperation with these companies allows us to do asset swaps. It may not be widely known but as part of this cooperation we get access to the fields and the Gulf of Mexico and the USA, Canada, Alaska. And, as a result, we exchange technology, we swap assets and in general it stabilizes the situation in the entire industry. And, we are also a large importer of the equipment.
And this is also a very important area of our cooperation, for example, with General Electric. And, we appreciate this work, and we will do our best to make sure this activity is performed on schedule and without any disruptions.
SS: You mentioned that you're an international, publicly listed company on London Stock Exchange, and that is the case, but you also have a major stake holder, BP with 19.75, you have the Russian government with the best part of 70%, does it matter to you if there is there is an increase in Russian privatization programme and a talked-about stake sale, possibly just under 20%, actually goes through our not. Does it matter to you if the Russian government has 70% or 50% and whether you have the current public listing of your stock or if you have a great publicly traded amount of stock?
IS: I think that it would be in the best interest of the company in terms of its economic and financial situation to increase the listing of its shares in the stock exchange. It would be good because no doubt that it would increase the company's capitalization.
In terms of the impact of the key shareholders on the company's activity, it doesn't particularly matter whether the government holds 69% or 50% plus one share. And I also think that if the government maintains the controlling package of shares, it would be in the best interest of the company and of the state. And also, of the minority shareholders. Because as the government has the controlling package, it provides additional privileges to our company in terms of accessing offshore licenses.
And this is an essential element in maintaining the company's capitalization, and I think that minority shareholders understand that. And for this particular reason, the company currently holds 46 licenses in the Russian continental shelf. And this is what allows us to implement the projects that I mentioned, including the project in the Kara Sea.
SS: So, may I ask a slightly different question, under what timescale would you like to see the major shareholder, the Russian government, lessen its stake to 50% plus one share. Would you like to see that on a very short time scale or do you appreciate it has to take a bit longer?
IS: Who are you asking this question to, is it your question to the government or to the company? As far as the company is concerned, it doesn't matter to us. If we appointed an operator in selling the shares, we would be able to sell the share efficiently at any time, notwithstanding market conditions. And to ensure the maximum efficiency of the shares selling. But, the government may have different arguments. Like, the planning of the income part of the budget. Or implementation of some major projects that require additional sources of funding. So, if we get such instruction, we would do everything.
SS: In terms then, let's move on from the shares and look at the greatest challenge that you see for your company. The greatest challenge to carry out your vision given everything we are seeing. Given the geopolitical situation, given what we're seeing with very strong and stable price environment which is helping, what's the greatest challenge you have for growing your company in 2014?
IS: Our key challenge that has existed, and will remain, is ensuring maximum efficiency... in any conditions. What's important to the oil companies and what affects on their capitalisation…. Are the developments of their resource base. A powerful oil company should be underpinned by good fields and we will definitely be growing our resource base.
We need to use the market demand. We are planning to completely the upgrade of our refining industry and through the increase and production of oil products that trade the best on the market, we will ensure additional economic opportunities.
And secondly, to gain a strong position in the sales markets. And I think that our trading activity is arranged in a very efficient way at the moment. And in some cases we have moved to long term contracts. And not only with China because the deal with China is probably the most famous due to its scale.
But we also signed similar long term contracts with European companies, European consumers. For example such company as Vitol, Glencore and others. And I am talking about 10 year contracts. And earlier I mentioned the high value of the contract. It's very important to us. And in addition we would like Rosneft to become a powerful service company itself and we are working to achieve this. And there's a lot of work to be done in this area.
SS: And will you be pushing as well as part of the strategy to push more into gas pipeline? And perhaps work with the government to be another partner rather than just Gazprom having their monopoly?
IS: The most efficient way is to sell our volumes in the market using our existing infrastructure. If there is no such infrastructure we said that we are prepared to participate in the creation of such infrastructure. We will be choosing the most efficient way to sell products. And we will be working within the framework of the legislation currently in force.
SS: Can I refer back to your answer regarding the big China deal as well, because when I spoke to Mar. El-Badri at OPEC he said 88% of the new barrels they sell are being sold to China and the East as well. Although you have very big contracts with European countries and European customers as well, is the focus on expansion in the East and looking at China and the rest of the emerging markets?
IS: The last year our company produced 240 million tonnes of oil equivalent of hydrocarbon liquids. We supply to Chinese market about 22 million tonnes annually. In order to support our long term activities we need to understand what fields should be chosen as priorities.
SS: May I ask you about sanctions? You have been directly targeted by the US State Department, what is your reaction to that?
IS: The sanctions have been discussed a lot and I would like us to abstain from this discussion because the more we talk about the sanctions, the more important they seem. I am trying to put myself in the shoes of those people who introduce sanctions and I believe that there should be some purpose of the sanctions and some justification of them. And I cannot understand the purpose of the sanctions whatsoever. Especially myself personally I cannot understand what purpose they are pursuing, because I am not involved in the political decisions. I am not a person or element that matters - from the standpoint of obtaining advantages.
Secondly, I cannot understand any justification or basis for taking the sanctions. I don't think that my active cooperation with the American companies that is aimed at ensuring mutual profit could be a basis for sanctions.
I think this sad situation was described quite well by the French politician Charles Maurice de Talleyrand. As far as I remember, what he said is everything that is excessive doesn't have significance. I think serious people should not take any serious decisions under pressure. Therefore this decision that target me don't make any sense to me.
However, I respect such people who take such decisions because our task is to keep working and we will try to demonstrate our efficiency in our activities, including the work of American companies. In my opinion, this is the only option of good response to this type of actions.
SS: Do you fear that your cooperation with American companies will be threatened by a next round of sanctions, which has been talked about it will affect technology and the energy sector and it would hurt your relationships with your American partners?
When I started answering your question on sanctions I said it would be better for us not to discuss this issue. Now you are trying to develop this topic. By doing this, you are trying to give more significance to the sanctions.
I will repeat myself and I will say that we will continue working to demonstrate our efficiency in our joint work that would be mutually beneficial to both Russian and American companies. However if new decisions are taken about sanctions we will continue working at implementing our projects ourselves but we will leave the option open for the American partners to come back when it is possible.
SS: I have a final question, and it is not about sanctions, it is about Igor Sechin, I read a lot about you, I have read a lot about you in the Western press, some of them complimentary, some of them talking about your power, some of them talking about your past and the influence you have. In your words, who is Igor Sechin?
IS: Igor Sechin is the person who you currently can see in front of you. I think that as a result of our conversation, each of us will form an opinion of the person whom he has talked to. If we meet often in the future, at some point there will be trust and maybe even friendship between us. Don't listen to anyone, just try to form your own opinion and live your own life. Thank You
SS: Thank you very much indeed Sir, I am forming my own opinion and it was nice to meet you and hear your own words this morning.
**Get up and speak - sit back down again**
IS: Talking about the value of cooperation with Western companies, I would like to give you one example…which shows the deep level of interdependence between our companies.
Recently we have signed a deal with the North Atlantic Drilling Company. This is a serious company that has the required fleet of drilling platforms and it will be working on our offshore projects. I would like to show you the market response to this agreement. Shares in North Atlantic Drilling increased 40%. This is a good example of the way we should be working.
SS: Then I will ask you another question. Oil companies and business can operate independently of politics. Is that one of your key messages then Sir?
IS: Due to the specific nature of hydrocarbon consumption, there is a special relationship between the producers and the customers. And it would make a lot of sense not to apply any political sanctions in the power sector, because it will do damage to everyone.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 371 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/programming/cnbc. | CNBC Exclusive: CNBC Transcript: Igor Sechin, Rosneft CEO, Speaks with CNBC's Steve Sedgwick Today | 229.421053 | 0.947368 | 1.894737 | high | high | mixed |
http://www.cnbc.com/2014/11/14/nycfc-meet-new-york-citys-newest-pro-sports-team.html | http://web.archive.org/web/20150925161551id_/http://www.cnbc.com/2014/11/14/nycfc-meet-new-york-citys-newest-pro-sports-team.html | Meet New York City's newest pro sports team | 20150925161551 | Pernetti said that starting a franchise in New York has been exciting, but it's certainly presented its difficulties.
"NYC is a challenge on a lot of fronts. We are competing with a lot of other things in the market," said Pernetti, who added that the team's goal is to become a more accessible franchise through regular engagement with fans and supporters through activities like youth soccer.
NYCFC will be Major League Soccer's second club in the region. The New York Red Bulls play in Harrison, New Jersey, leaving some to wonder whether the local soccer market could be saturated already.
Read MoreCNBC Explains: The MLS expansion plans
"Not in the least," said Joe Favorito, who teaches in the sports management program at Columbia University. "This is a metropolitan area used to multiple brands," he said.
Ticket sales have been steady for New York's newest club. It has sold 11,000 season tickets so far, a number the team says is growing daily.
Read MoreMan Utd CEO: Soccer growing in US 'psyche'
"There is a definite appetite for soccer right now," Pernetti said.
NYCFC's inaugural season kicks off in March at its temporary home, Yankee Stadium. | This NY team is starting to get game, and sponsors. | 20.083333 | 0.666667 | 0.666667 | medium | low | abstractive |
http://www.cnbc.com/2015/07/27/procter-gamble-to-succeed-david-taylor-to-succeed-ag-lafley-dj-citing-source.html | http://web.archive.org/web/20150925164156id_/http://www.cnbc.com/2015/07/27/procter-gamble-to-succeed-david-taylor-to-succeed-ag-lafley-dj-citing-source.html | DJ, citing source | 20150925164156 | Procter & Gamble will appoint David Taylor as its next chief executive officer to succeed A.G. Lafley, The Wall Street Journal reported Monday, citing a source.
The company could name Taylor CEO as early as Thursday, pending a board meeting Tuesday, according to the report. He currently services as president of Procter & Gamble's global beauty, grooming and health-care division.
Lafley will remain as chairman to help with the transition, the paper reported. He has held the CEO position in two separate periods—once from 2000 to 2009 and most recently since 2013. | Procter & Gamble will appoint David Taylor as its next chief executive officer, succeeding A.G. Lafley, Dow Jones reported. | 5 | 0.863636 | 8.318182 | low | medium | extractive |
http://www.cnbc.com/2014/12/30/anouk-wipprechts-spider-dress-attacks-unwanted-visitors.html | http://web.archive.org/web/20150925182010id_/http://www.cnbc.com/2014/12/30/anouk-wipprechts-spider-dress-attacks-unwanted-visitors.html | Anouk Wipprecht's ‘spider dress’ attacks unwanted visitors | 20150925182010 | Wipprecht isn't the only designer to take fashion to protective levels, however.
Betabrand, an online-based clothing business, teamed up with security software company Norton to produce a pair of jeans which it says help the wearer avoid identity theft.
Its READY Active Jeans contain a special fabric which is designed to prevent "digital pickpocketing" by criminals, who steal credit card details and passport information using "radio frequency identification", or RFI, scanners.
Read MoreWearable tech: Fashion that looks good and reads your mind
The company is currently running a crowdfunding campaign to launch the Work-It Blazer, which also features RFID-blocking technology.
Separately, Lisa Pape, an engineer at InnovationRCA at London's Royal College of Art, has designed a pair of shoes called Path, which are designed to help people with Parkinson's disease or multiple sclerosis walk more steadily.
The shoes use "visual and tactical cues" to help people keep their balance when walking in public, according to the Royal College of Art's website. | Anouk Wipprecht has designed the Spider Dress 2.0. A garment that looks, responds and acts like a spider – and “attacks” when people get too close. | 6.516129 | 0.483871 | 0.612903 | low | low | abstractive |
http://www.bostonglobe.com/business/2015/09/22/downpagecolumn/ZydgTJmB8nof8cr1Q9zHNJ/story.html | http://web.archive.org/web/20150926003347id_/http://www.bostonglobe.com:80/business/2015/09/22/downpagecolumn/ZydgTJmB8nof8cr1Q9zHNJ/story.html | Diesel Café is now a fixture in thriving Davis Square | 20150926003347 | Jennifer Park likes to call Diesel Café “a foolish story with a happy ending.”
Park and co-owner Tucker Lewis were just 21 and 29 years old, respectively, when they opened the cafe in Somerville’s Davis Square in 1999, and their inexperience showed: The lease on the large storefront on Elm Street cost more than they expected to earn. Inside, much of the equipment had been purchased with personal credit cards.
“We weren’t in a position to go to a bank and ask for a lot of money,” Park explained. “So you take a huge risk and hope it works out.”
Today, those early gambles seem more like fate. Diesel Café is the beating heart of Davis Square, the faces of its many customers a veritable mural of Somerville’s diversity. It’s the homey joint where neighbors run into each other, the landmark meeting spot, a go-to date spot for students, an office for the work-from-home set — in short, a defining business of Somerville’s signature neighborhood.
The company has since opened two other outlets in Somerville and employs 90 workers. One of the stores, Forge Baking Company, will expand this fall and begin making ice cream. That’s a long-delayed fulfillment of the pair’s original plan to open an ice cream shop. (They met working at the former Herrell’s Ice Cream in Harvard Square.)
Park credits Diesel’s success to its emphasis on service and community in an era when social connections are often digital commodities, fleeting and unsatisfying.
“Our interactions are getting more and more limited. It’s like you’re witnessing and observing something instead of actually participating,” she said. “As small as it is, having the opportunity to serve someone in a really human, nice way makes such a difference. People want to feel like there’s one place where everyone comes together, and Diesel certainly fulfills that role.”
Along with a handful of nearby fixtures such as Redbones Barbecue, Diesel Café has been a witness to — and a catalyst of — the transformation of Davis Square into a culinary hot spot.
“We’ve seen a lot of businesses come and go in the 17 years we’ve been open,” Park said. “We had no idea we would last so long. Now we’re the place where people come in with their kids and say,‘I met my wife or my husband or my partner here.’ ” | Diesel Café has become the beating heart of Davis Square, the faces of its many customers a veritable mural of Somerville’s diversity. | 19.2 | 0.96 | 18 | medium | high | extractive |
http://www.cnbc.com/2015/05/17/reuters-america-update-1-oil-prices-rise-on-iraq-yemen-fighting.html | http://web.archive.org/web/20150926033425id_/http://www.cnbc.com/2015/05/17/reuters-america-update-1-oil-prices-rise-on-iraq-yemen-fighting.html | UPDATE 1-Oil prices rise on Iraq, Yemen fighting | 20150926033425 | * Islamic State militia takes control of Iraqi city of Ramadi
* Saudi-led coalition resumes air strikes in Yemen
* U.S. rig-count drop slows, 2016 production to rise -Goldman
* Most producers need higher prices to balance budgets
(Adds comment, producer break-even levels; updates prices)
SINGAPORE, May 18 (Reuters) - Oil prices edged up on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but signs of strengthening U.S. production capped gains.
Front-month Brent futures were up 9 cents at $66.90 a barrel by 0311 GMT. U.S. crude rose 6 cents to $59.75.
Price were supported by concerns that conflict in Iraq and Yemen could disrupt production or supply routes.
Islamic State militants said they had taken full control of the western Iraqi city of Ramadi in the biggest defeat for the Baghdad government since last summer.
A Saudi-led coalition resumed air strikes against Yemen's Houthi militia in Aden, a port-city on the shores of key Middle East oil tanker routes, after a five-day truce expired.
Despite the conflict in the Middle East, analysts said that oil markets remained well supplied, and that the glut could worsen if U.S.-production picked up.
"Markets (are) starting to worry that prices over $60 per barrel will encourage U.S. shale production," ANZ bank said.
"The declines in rig counts appear to be losing momentum, with a drop of only 8 to 660 rigs, the smallest fall in 23 weeks. Reports suggest certain shale formations (such as Eagle Ford and Bakken) are starting to add rigs, which is further weighing on sentiment," it added.
Goldman Sachs said that despite an expected dip in the second-half of this year, U.S. oil output would increase by 205,000 barrels per day in 2016.
Analysts said that most producers required higher prices to level their budgets, even with a recent rise in oil prices.
Deutsche Bank said that of major producers only the United Arab Emirates, Qatar and Kuwait would still have a balanced budget at current prices, while almost all other big producers required more expensive oil in order to level their books.
The bank said that emerging market exporters were particularly hard hit.
"With only two or three exceptions, the price of oil has fallen below the levels that will be needed to balance government budgets in the major emerging market oil producers this year," the bank said.
"With forward markets suggesting that the drop in prices is more permanent than temporary, a period of adjustment will therefore be necessary."
Brent for delivery in May 2017 is only $4 per barrel more expensive than spot prices, implying an expectation that prices will not rise sharply soon. 1/80#LCO: 3/8
(Reporting by Henning Gloystein; Editing by Richard Pullin and Joseph Radford) | *Saudi-led coalition resumes air strikes in Yemen. SINGAPORE, May 18- Oil prices edged up on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but signs of strengthening U.S. production capped gains. Price were supported by concerns that conflict in Iraq and Yemen could disrupt production or supply routes. | 9.016129 | 0.983871 | 20.564516 | low | high | extractive |
http://www.sfgate.com/49ers/article/49ers-preparing-for-Arizona-s-aerial-attack-and-6524637.php | http://web.archive.org/web/20150926045558id_/http://www.sfgate.com/49ers/article/49ers-preparing-for-Arizona-s-aerial-attack-and-6524637.php | 49ers preparing for Arizona’s aerial attack and ... David Johnson? | 20150926045558 | Photo: Steve Lundy / Associated Press
Arizona rookie running back David Johnson is the first player to have a rushing, receiving and kickoff-return touchdown in his first two games.
Arizona rookie running back David Johnson is the first player to...
49ers preparing for Arizona’s aerial attack and ... David Johnson?
The story line for Sunday is obvious: On-fire Cardinals quarterback Carson Palmer can be deadly going deep and the 49ers secondary was just torched by long-ball-throwing Ben Roethlisberger in a 43-18 loss in Pittsburgh on Sunday.
However, Arizona has an emerging weapon beyond Palmer and a wide receiver corps that includes Larry Fitzgerald, John Brown and Michael Floyd.
Ever heard of David Johnson?
The NFL is starting to take notice of the rookie running back, a third-round pick from Northern Iowa, who has needed just eight quarters to make history: Johnson is the first player to collect a rushing, receiving and kickoff-return touchdown in his first two games.
“Any time you can do something that’s the first time in the history of the game, that’s very special,” Arizona coach Bruce Arians said today on a conference call. “He’s maximized his opportunities and maybe we want to give him a few more opportunities. He’s a big active guy.”
Indeed, Johnson (6-1, 224) has done a lot with a little, collecting 251 all-purpose yards and three touchdowns on nine touches.
In a 31-19 season-opening win against the Saints, he didn’t have a carry, but had a 43-yard kickoff return and a game-sealing 55-yard touchdown catch.
On Sunday, in a 48-23 win at Chicago, he had a game-opening 108-yard kickoff return and his five-carry, 42-yard performance included a 13-yard touchdown run.
Johnson could see more time in the backfield Sunday against the 49ers. Andre Ellington (knee) won’t play and Chris Johnson will remain the starter in his absence. Arians said Johnson is being brought along slowly because he was sidelined for much of the summer with a hamstring injury. Arians indicated Johnson hasn’t been ready to pick up blitzes in the passing game.
“He missed all of that stuff in training camp,” Arians said to Arizona reporters this week. “He’s big enough and everything, but until he takes one and gets a little bit better at it, you can only do so much if you can’t pass the ball.”
However, there appears to be little question about Johnson’s ability as a runner. Arians said his style is a “whole lot like Matt Forte,” the Bears’ Pro Bowl running back with five 1,000-yard seasons.
“They have a glide mode and it is really fast,” Arians said. “It’s deceiving.” | On-fire Cardinals quarterback Carson Palmer can be deadly going deep and the 49ers secondary was just torched by long-ball-throwing Ben Roethlisberger in a 43-18 loss in Pittsburgh on Sunday. The NFL is starting to take notice of the rookie running back, a third-round pick from Northern Iowa, who has needed just eight quarters to make history: [...] Johnson (6-1, 224) has done a lot with a little, collecting 251 all-purpose yards and three touchdowns on nine touches. In a 31-19 season-opening win against the Saints, he didn’t have a carry, but had a 43-yard kickoff return and a game-sealing 55-yard touchdown catch. On Sunday, in a 48-23 win at Chicago, he had a game-opening 108-yard kickoff return and his five-carry, 42-yard performance included a 13-yard touchdown run. Arians said his style is a “whole lot like Matt Forte,” the Bears’ Pro Bowl running back with five 1,000-yard seasons. | 2.757426 | 0.965347 | 31.608911 | low | high | extractive |
http://www.cnbc.com/2015/05/18/how-long-will-a-boomerang-kid-stay-on-your-couch.html | http://web.archive.org/web/20150926093654id_/http://www.cnbc.com/2015/05/18/how-long-will-a-boomerang-kid-stay-on-your-couch.html | How long will a boomerang kid stay on your couch? | 20150926093654 | Long before their child earns a college degree, some parents of high school students are already readying their couch in anticipation of a boomerang kid.
About 80 percent of parents expect to support their child financially for at least a few months after graduation, according to a new survey from Upromise by Sallie Mae, which talked to 500 parents with children in high school. That's down from 85 percent who said so in 2014. But more parents seem to be anticipating a longer drain due to tough job markets and student loan debt; 17 percent said they expect their child to need financial support for more than five years after graduation, up from 7 percent last year who were anticipating such a timeline.
Read MoreFamilies saving less for college, investing poorly
The 500 high school students Upromise surveyed were slightly more optimistic, with 78 percent expecting to receive some financial support after college, and just 10 percent thinking they'll still need that help more than five years post-graduation. "Generally, parents and students expect the student to be coming home," said Erin Condon, vice president for Upromise. But a timeline of five-plus years, she said, "seems excessive."
If that stint entails your grad's living rent-free while you foot all the bills, definitely. But there's some nuance to consider. "We have to interpret, what does help mean?" said certified financial planner Sheryl Garrett, founder of The Garrett Planning Network. Financial support covers a wide range, and could be minimal—parents might be covering specific expenses such as the cell phone bill or auto insurance, for example, or offering a rent-free place to live for a set period of time while their grad saves up for a down payment. "That's quite common for parents to help out in those ways," she said. | Most parents plan to support their kids financially for at least a few months after college, a Upromise survey found. But can you afford to help? | 12.344828 | 0.793103 | 3.137931 | low | medium | mixed |
http://www.cnbc.com/2015/05/19/carl-icahn-apple-needs-more-buybacks-tv-still-in-the-works.html | http://web.archive.org/web/20150926113602id_/http://www.cnbc.com/2015/05/19/carl-icahn-apple-needs-more-buybacks-tv-still-in-the-works.html | Carl Icahn: Apple needs more buybacks; TV still in the works | 20150926113602 | With its cash horde—about $194 billion as of last month—Apple has much more leverage to repurchase stock, Icahn contended.
His valuation of the company partly rests on a fiscal 2016 forecast for earnings per share of $12 (excluding net interest income). Icahn added in the letter that he believes Apple will enter and "dominate" new product categories including television and automobiles.
Icahn said Tuesday he still believes Apple will go into the high-definition television market despite a Wall Street Journal report saying the company has shelved its plans for the product.
Regardless of Apple's television plans, it remains "very hard to compete with" because of its ecosystem of products, Icahn contended.
Icahn has made about $3.4 billion on Apple since August 2013, according to a CNBC analysis of public filings.
Read MoreIcahn nets $3.4 billion on Apple
He also touched on his $100 million investment in ride-hailing company Lyft. Icahn said he believes the start-up's driver and trip growth justify more investment and a higher valuation, especially as rival Uber accumulates huge funding.
Uber is reportedly valued at about $50 billion, while Lyft's valuation sits at roughly $2.5 billion.
—CNBC's Lawrence Delevingne contributed to this report. | In a Monday letter, major Apple shareholder Icahn valued the tech giant at $240 per share, nearly double its current price. | 9.88 | 0.6 | 0.68 | low | low | abstractive |
http://www.cnbc.com/2013/12/24/hipster-hobbies-cashing-in-on-ancient-skills.html | http://web.archive.org/web/20150927030158id_/http://www.cnbc.com/2013/12/24/hipster-hobbies-cashing-in-on-ancient-skills.html | Hipster hobbies: Cashing in on ancient skills | 20150927030158 | Grai Rice, co-founder of HoneybeesLives, also reported a recent pick up in interest for her company's urban beekeeping classes in Brooklyn, New York.
"It's absolutely a growing trend. Ever since beekeeping was legalized in the city in 2010 there has been a steady increase in demand for beekeeping classes," she told CNBC. "Now there are more, local classes opening up to cope with the interest."
"I've been to honey tastings at bars in New York which are full of hip people bragging about the honey they've produced."
Simon Goode, who launched London Centre for Book Arts at the start of 2013, agreed that although lots of different types of people attend his book-binding and type-setting classes, there was a growing interest among the "hipster hobby" crowd.
(Read more: Onlineclasses teach crafts and hobbies)
"In some circles, it is seen as the trendy thing to do," he told CNBC.
Betsie Garner, a sociology academic at the University of Pennsylvania who specializes in media and popular culture, said urban middle- and upper-middle-class hipsters use "folksy hobbies" as a way of distinguishing themselves socially.
"Making one's lavender soap from scratch instead of buying a 99 cent bar of soap from a convenience store is a way of saying: 'I'm morally superior to you because I appreciate the craft of soap-making and embrace alternatives to the capitalist modes of production,'" she told CNBC.
"If most people around you are buying mass-produced consumer goods from retail stores, then producing goods at home is a good strategy for constructing your self-identity as unique and counter-cultural."
But if hipsters are looking to cash in on their newly acquired skills, there's some hard work ahead. All of the above skills require significant amounts of time, space, materials – and money.
"It's certainly not an inexpensive hobby," HoneybeesLives' Rice said. Her beekeeping classes cost $100 for a one-day class, and $190 for a two-day course.
"They're not for people who are focused producing honey. They're for people who love bees and beekeeping." | A growing number of trendy city-dwellers are taking lessons in archaic – and sometimes weird – skills to stand out from the crowd. | 16.923077 | 0.653846 | 0.884615 | medium | low | abstractive |
http://www.cnbc.com/2015/05/28/bojs-profit-at-13-year-highs.html | http://web.archive.org/web/20150927032941id_/http://www.cnbc.com/2015/05/28/bojs-profit-at-13-year-highs.html | BOJ’s profit at 13-year highs | 20150927032941 | Over the past year, the value of JGBs owned by the central bank surged 30 percent to 220 trillion yen and the assets are throwing off some serious income.
Interest income on JGBs jumped 25 percent on-year to 1.033 trillion yen, while the gains on foreign currency assets soared 27 percent on-year to 857 billion yen.
The central bank even paid taxes of 342 billion yen in fiscal 2014, according to its financial statements.
The problems could start if the BOJ manages to stimulate inflation and, eventually, starts tapering.
So far, stimulating any inflation, let alone the two percent target, has turned out to be elusive. If anything, Japan is again flirting with deflation: in April, core inflation is expected to slow to 0.20 percent on-year and many economists are forecasting prices will start falling in the coming months.
BOJ Governor Haruhiko Kuroda for his part is sticking to his two percent target, albeit a year later than originally hoped, sometime during the fiscal year 2016.
But the much-desired inflation could decimate the value of the JGBs held by the central bank, particularly if prices rise much higher than the targeted two percent.
The BOJ could be forced to ask to be bailed out by the government, which in turn is likely to be running a huge deficit. Japan's GDP to debt ratio, at around 240 percent, is already the highest in the world.
"As long as inflation is running at two percent and the global economy is in better shape than now, the BOJ won't have too many problems," JP Morgan's Adachi said. The bank is forecasting the BOJ will likely start tapering in 2017.
But if inflation runs much higher for a couple of years after that, the BOJ and the government could be facing a huge crisis, he warned.
"You know what happened in Zimbabwe when people lost confidence in the government and the central bank? Hyperinflation," he said. | Profits at the Bank of Japan have soared on higher income from the bonds, but the asset pile up could pose problems when it starts tapering. | 13.714286 | 0.714286 | 1.071429 | low | low | abstractive |
http://www.cnbc.com/2015/05/28/globe-newswire-nasdaq-lists-the-global-x-yieldco-index-etf.html | http://web.archive.org/web/20150927093334id_/http://www.cnbc.com/2015/05/28/globe-newswire-nasdaq-lists-the-global-x-yieldco-index-etf.html | Nasdaq Lists The Global X YieldCo Index ETF | 20150927093334 | NEW YORK, May 28, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X YieldCo Index ETF (Symbol: YLCO), which will begin trading on The Nasdaq Stock Market Thursday, May 28, 2015.
"YieldCos are an emerging asset class that meets many of the key investment characteristics investors are looking for, such as high current income, low volatility and the opportunity for dividend growth," said Jay Jacobs, Research Analyst at Global X Funds. "We are excited to bring this asset class to investors who have traditionally looked to MLPs and REITs for alternative income exposure."
YLCO seeks to provide investors with access to YieldCos, an emerging asset class of yield vehicles that are structured to deliver stable and growing dividend income derived from a portfolio of renewable energy assets. YieldCos looks for opportunities to add new operating assets to their portfolios, which can help grow cash flows and distributions to shareholders over time.
"We are pleased to launch YLCO with our partners at Global X and we appreciate their confidence in choosing the Nasdaq marketplace to list and trade ETFs," said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "Global X will benefit from increased product exposure and access to one of the single largest pools of liquidity."
Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.
Global X is a New York-based sponsor of exchange-traded funds (ETFs), offering access to investment opportunities across global markets. Founded in 2008, Global X is recognized by individual and institutional investors for its suite of income, international, commodity and alternative funds. With over 40 funds available across U.S. and foreign exchanges, Global X is one of the fastest growing issuers of ETFs. For more information, please visit www.globalxfunds.com.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Nothing contained herein should be construed as investment advice from Nasdaq, either on behalf of a particular financial product or an overall investment strategy. Nasdaq makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Global X Funds Media Contact: Hod Klein (212) 704-7385 (direct) hod@dukaspr.com Nasdaq Media Contact: Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com
Source:The NASDAQ OMX Group, Inc. | NEW YORK, May 28, 2015-- Nasdaq announced that Global X Funds will list a new exchange-traded fund, the Global X YieldCo Index ETF, which will begin trading on The Nasdaq Stock Market Thursday, May 28, 2015. "YieldCos are an emerging asset class that meets many of the key investment characteristics investors are looking for, such as high current income, low volatility... | 11.272727 | 0.974026 | 17.779221 | low | high | extractive |
http://www.theguardian.com/artanddesign/2012/sep/12/walter-kershaw-pioneer-street-art/amp | http://web.archive.org/web/20150929015351id_/http://www.theguardian.com/artanddesign/2012/sep/12/walter-kershaw-pioneer-street-art/amp | Walter Kershaw: 'Britain's first graffiti artist' | 20150929015351 | A while ago, a friend of mine from Lancashire asked if I knew where Alvin Stardust was born. She had a vague childhood memory of seeing a huge mural of the 70s star, the size of a whole house, on the end of a terrace in Bury. I checked and found out that Stardust – whose real name was Bernard Jewry – was born in London and grew up in Nottingham; we decided the mural, if she hadn't dreamed the whole thing, was most likely a painting of Elvis that had gone awry.
A Radio 4 programme on Thursday proves that my friend wasn't hallucinating. The Alvin mural was the work of Walter Kershaw, a Rochdale-born artist who has been hailed as Britain's first graffiti artist, and is celebrated in the documentary by writer and fellow Rochdale resident Mark Hodkinson.
In the 70s, Kershaw's work was dotted all around Lancashire mill towns – there was the "inside-out house" in his home town of Rochdale, which Hodkinson remembers very clearly. "It just seemed normal to me. When you're a kid, you don't deconstruct these things. But when you're older, you realise it wasn't normal at all."
Another work was a condor over the Andes on a terrace awaiting demolition in Oldham. "The weather up here battered them," says Hodkinson. "They were gone in a few years. He knew the work was ephemeral but it didn't bother him."
Kershaw studied fine art at Durham and, while his star may have dimmed, he was a fairly regular presence on TV and radio in the 70s and 80s, interviewed by Russell Harty, Sue MacGregor and Janet Street-Porter. He has had murals commissioned in Sao Paulo, Mexico, Sarajevo and Los Angeles, but it's unlikely any of these could have had the shock value of his technicolour guerilla work on red-brick Lancashire back streets.
He tended to start work early, at 5am in the summer, and travelled with a friend on a motorbike just in case someone objected vehemently. Hodkinson marvels "about the guts it took – these were quite rough neighbourhoods. But people were really encouraging. They used to bring tea and butties out for him and his assistants. It was like having your house tattooed. He had a queue of people asking him to do their house next." Local councils were less keen, and Kershaw received a string of cease and desist letters, though no one ever pursued charges.
None of the mill town murals survive – most were painted on slum clearance properties, which was part of their intended ephemeral nature. Kershaw still lives in Rochdale and still gets regular commissions, the most recent being the Coach House in nearby Littleborough.
"He loves to put little jokes in his work. The coach house mural is about the history of transport, but next to this upstanding Victorian gentleman sitting on a train he's painted Fernando Torres," says Hodkinson.
The question remains as to why he chose to sprinkle a little Alvin Stardust on a house in Bury. Apparently, Kershaw planned to paint Elvis, but didn't have a picture to hand on the morning he set out. He was off on his bike before the residents noticed. | His 'house tattoos' brought explosions of colour to northern streets in the 1970s. He was rewarded with tea and butties, writes Bob Stanley | 23.407407 | 0.555556 | 1.074074 | medium | low | abstractive |
http://www.cnbc.com/2014/11/03/charts-suggest-sub-1000-gold-is-likely.html | http://web.archive.org/web/20150929035230id_/http://www.cnbc.com/2014/11/03/charts-suggest-sub-1000-gold-is-likely.html | Charts suggest sub-$1,000 gold is likely | 20150929035230 | Read MoreHere's 'the only thing that matters' for gold: Trader
The fall below the support level near $1,180 is a very critical change in the gold price activity. This follows the fall below support for Silver, which always leads gold market price behavior. Support near $1,180 was very strong; it was successfully tested on June 2013 and January and October, 2014. This was also a strong historical support level in May and August, 2010.
The close below $1,180 support is significant and confirms that the downtrend is very strong.
Between April 2013 and October 2014 gold traded in a broad sideways band between $1,180 and $1,390. The width of the trading band is measured and this value is projected below support at $1,180. The band is $210 high; this calculation is used to set a downside target near $970.
Read MoreKiosk carnage becomes indicator of gold's top
The calculated target is a little below the long-term historical support and resistance level near $980. This suggests there is a high probability that gold will fall to around $980 before any new consolidation pattern develops.
The Guppy Multiple Moving Average (GMMA) breakout pattern failed to fully develop. This is a pattern of test and retest. The first test of the down trend is at point 1; this touched the lower edge of the long-term GMMA (in red). The second test touched the upper edge of the long-term GMMA. The third rally test in July 2014 failed to break above the upper edge of the long-term GMMA. The peak of this rally is used as the new anchor point for the downtrend line.
The long-term GMMA remains well separated and this shows investors have again started selling. The combination of the downtrend line, the fall below the critical support level and the separation in the long-term GMMA confirm the downtrend in gold will continue. The downside target is near $980.
Daryl Guppy is a trader and author of Trend Trading, The 36 Strategies of the Chinese for Financial Traders – www.guppytraders.com. He is a regular guest on CNBCAsia Squawk Box. He is a speaker at trading conferences in China, Asia, Australia and Europe. | A stronger U.S. dollar pushed gold within range of a fresh four-year low last week, and charts suggest further downside is likely. | 16.615385 | 0.384615 | 0.384615 | medium | low | abstractive |
http://www.cnbc.com/2015/06/16/decision-time-as-greece-slammed-for-breaking-rules.html | http://web.archive.org/web/20150929045914id_/http://www.cnbc.com/2015/06/16/decision-time-as-greece-slammed-for-breaking-rules.html | Decision time as Greece slammed for 'breaking rules' | 20150929045914 | Despite the bold rhetoric from Greek officials, the country does not have much time to spare – a 1.6-billion euro ($1.8 billion) debt repayment due to the International Monetary Fund (IMF) looms at the end of the month.
Indeed, Greek newspaper Kathimerini reported on Tuesday, citing sources, that Tsipras said the government would not pay the IMF at the end of June if it hadn't reached a deal with lenders. Meanwhile the Financial Times reported that senior un-named euro zone officials are considering a leaders' summit this weekend to discuss the deadlock.
Previous talks with creditors have met various stumbling blocks over pension, labor market and taxation reforms, and despite both sides proposing alternatives over recent weeks, the gap between Greece and its lenders' proposals has not been bridged.
Read MoreGreek talks in crisis after IMF leaves table
This has boosted fears that Greece could default on its debt repayments and a chain of events could be set in motion which sees it leaving the euro zone – a so-called "Grexit."
But Ian Bremmer, president of risk consultancy Eurasia Group, told CNBC that Greece's tactics of prolonging negotiations to get more flexibility over reforms was working.
"This tactic of the Greeks has been working. The Germans have come down on what they're expecting on the fiscal side, they've come down in terms of flexibility, in terms of how they get to a sustainable budget over time. The Germans don't want (a Grexit) on Merkel's sheet," Bremmer told CNBC Tuesdy.
"As a consequence, I think we are inching towards a deal, but no-one wants to actually say that until time truly has run out. And we're not there yet." | As Greece remains defiant, anger and concern is mounting in Europe about the finale to this Greek crisis. | 16.9 | 0.55 | 0.55 | medium | low | abstractive |
http://www.cnbc.com/2015/06/19/techs-peer-to-peer-model-is-coming-for-insurance.html | http://web.archive.org/web/20150929090947id_/http://www.cnbc.com/2015/06/19/techs-peer-to-peer-model-is-coming-for-insurance.html | Tech's peer-to-peer model is coming for insurance | 20150929090947 | Not all new insurance modes are being built with the goal of replacing big companies. Bought By Many, a U.K.-based insurance start-up in its fourth year, operates as a broker between insurers and customers, helping both in the process.
It looks to leverage the buying power of groups, similar to the way Groupon can get businesses to offer discounts by guaranteeing customers. But instead of using that collective buying power to bring about discounts, Bought By Many uses the leverage to secure lower premiums for individuals seeking similar insurance coverage.
And while the company says that leverage has led to about a 20 percent reduction in premiums for groups, it's also brought coverage to customers who have notoriously had a hard time finding insurance in the first place. Pet owners, for example, were among the first who were able to demand more comprehensive policies that included specialized coverage for problems that are often unique to a specific breed. Now, Bought By Many boasts over 100 different pet groups, and co-founder Steven Mendel says it's exactly that same specialization and group buying power helping elder customers and those with existing conditions find their perfect policy at a fair price.
Read MoreA teen will cost you this much more on insurance
That's also helping insurers maintain satisfied customers. "We help them target the risks they want, but at a lower cost and more precisely than they can reach themselves," he said.
After closing its second round of funding with private investors, Mendel says the company is looking to broaden coverage into other areas, such as policies negotiated specifically for employees at start-ups, and will look to expand operations into another country. But due to the U.S. insurance regulations Uvamo knows all too well, don't expect Bought By Many to cross the pond anytime soon.
And while the solutions of Uvamo and Bought By Many may differ in structure, Mendel says the sleepy industry's problem they are attempting to fix is one and the same. "Insurance hasn't changed for decades," he said. "Yet the rest of the world has moved on enormously." | Investment opportunities for average investors and lower premiums might be coming to the insurance market as tech moves in. | 20.35 | 0.55 | 0.75 | medium | low | abstractive |
http://www.cnbc.com/2015/06/23/after-hours-buzz-netflix-boeing-sysco-more.html | http://web.archive.org/web/20150929211255id_/http://www.cnbc.com/2015/06/23/after-hours-buzz-netflix-boeing-sysco-more.html | After-hours buzz: Netflix, Boeing, Sysco & more | 20150929211255 | Video-streaming heavyweight Netflix announced a seven-for-one stock split effective July 14. Shares rose about 2 percent after the announcement. Trading at the post-split price will start July 15.
Shares of the food service provider Sysco tumbled about 3 percent after a judge said its merger with U.S. Foods should be stopped for further antitrust review.
Aircraft maker Boeing named its president and chief operating officer, Dennis Muilenburg, as its new CEO effective July 1. He succeeds James McNerney, who will remain with the company as chairman. Shares fell about 1 percent after announcement.
Bluebird Bio shares fell about 1 percent after the biotech firm commenced a public offering of $400 million of its common stock.
Shares of the small-cap social networking firm MeetMe surged as much as 22 percent after it increased its full-year guidance. | Check out the companies making headlines after the bell Tuesday: Netflix, Boeing & more. | 9.647059 | 0.411765 | 0.529412 | low | low | abstractive |
http://www.cnbc.com/2015/06/22/greek-optimism-curbs-demand-for-gold-as-equities-gain.html | http://web.archive.org/web/20150929211727id_/http://www.cnbc.com/2015/06/22/greek-optimism-curbs-demand-for-gold-as-equities-gain.html | Gold settles lower as Greek hopes lift stocks, euro slides | 20150929211727 | The metal fell for the third straight session, leaving gold vulnerable to pressure from other factors, such as the prospect of the first U.S. interest rate rise from the Federal Reserve in nearly a decade. That would boost the opportunity cost of holding non-yielding bullion.
"There may be a sense of relief (over Greece) feeding into the market as a negative for gold prices in the short term, but that in many respects is a sideshow to the Fed," Standard Chartered analyst Nicholas Snowden said.
Optimism that a deal could still be at hand to stave off a Greek default boosted European shares and kept a floor under U.S. stocks, while the U.S. dollar and bond yields edged higher on expectations of a Fed rate hike this year.
Fed Governor Jerome Powell said he was prepared to raise interest rates twice this year, once in September and once in December, as long as the economy performs as expected. Later in the day, the Atlanta Fed's GDPNow forecast model showed the U.S. economy is on track to grow 2 percent in the second quarter.
Read MoreAsian equities cheer Greece's new reform deal
Strength in the dollar, which is benefiting from upbeat U.S. data, further pressured gold, which is priced in the U.S. unit and tends to gain when the currency is weak.
The euro was down 1.6 percent versus the dollar, on track for its biggest one-day drop in three months.
"Further losses seem likely now for gold, although that being said precious metals look a little bit oversold now while Greece could still default and exit the euro zone, an outcome that would undoubtedly boost the appeal of safe havens," said Fawad Razaqzada, technical analyst for Forex.com.
Read MoreThe Greece market rally is premature: Strategist
Physical gold demand in Asia has been sluggish as monsoon concerns weighed on demand in India and a better-yielding stock market kept buyers away in China.
Silver was down 2.4 percent at $15.72 an ounce, while platinum was up 0.4 percent at $1,061.50 and palladium was up 0.04 percent at $693.75.
Platinum had dropped to its lowest in more than six years on Monday, at $1,053.75 an ounce. | Gold eased on Tuesday as the euro slid sharply against the dollar, and as stock markets rallied on hopes of a Greek deal. | 16.92 | 0.68 | 1.08 | medium | low | abstractive |
http://www.cnbc.com/2014/04/22/financial-fraud-in-25-years-a-virtual-madoff-at-lightning-speed.html | http://web.archive.org/web/20150930165852id_/http://www.cnbc.com/2014/04/22/financial-fraud-in-25-years-a-virtual-madoff-at-lightning-speed.html | Financial fraud in 25 years: A virtual Madoff at lightning speed | 20150930165852 | "Finding the people, where identities are so fuzzy—that gets tricky," said Perry. "As long as there is a place where you can exchange anonymously, this kind of thing will continue."
In the Silk Road case, prosecutors say thousands of drug dealers and more than 100,000 buyers hid their identities through the use of so-called tumblers, which scrambled their information to make the transactions anonymous.
Criminals are also already making heavy use of a technology known as Tor—originally an acronym for The Onion Router, for its many layers of complexity—to cover their Internet tracks.
Tor software, available free online, allows the user to mask his computer's IP address—its unique online signature—as well as the IP address of every server to which the computer communicates.
"Think of it like a giant pinball machine," Brown said, where the silver ball is your computer. Every time the ball hits a bumper, its identity—its IP address—changes. So does that of the bumper, making the traffic "functionally impossible" to trace.
In addition to hiding illicit transactions and underground websites, Tor allows criminals—financial and otherwise—to congregate and share information more easily than ever.
"Back in the old days, you had to know 'Joey from the block' or 'Robbie from Bensonhurst' to put together a robbery crew," Brown said.
Now, with their identities hidden by all the new technology, white-collar crooks, hackers and identity thieves can meet and share information without fear in so-called carding forums. These are more than just chat rooms for crooks. The forums allow them to trade stolen identities, software code and even money under the radar of authorities.
"A smart criminal using good operational security is nearly impossible to find," said Brown.
Playing into the hands of tomorrow's criminal, he said, are companies that are already under pressure to put more and more of their precious information online and in the cloud so their employees and customers can easily access that data—an open invitation to hackers.
"A lot of companies focus on gathering and use of the information rather than securing the information," Brown explained.
Read MoreHow identity thieves snatch billions in phony tax refunds | Billions of dollars is lost each year to financial fraud and cyber theft. With the rise of cloud computing and virtual currency, what lies ahead? | 16 | 0.464286 | 0.464286 | medium | low | abstractive |
http://www.9news.com.au/world/2015/09/28/13/06/woman-pens-passionate-letter-to-people-pressuring-couples-to-have-children | http://web.archive.org/web/20150930181546id_/http://www.9news.com.au:80/world/2015/09/28/13/06/woman-pens-passionate-letter-to-people-pressuring-couples-to-have-children | Woman pens passionate letter to people pressuring couples to have children | 20150930181546 | A woman has told people pressuring others to have children to mind their own business in a passionate Facebook post. (Facebook)
A woman fed up with people asking couples whether or not they are planning on having children has penned an open letter telling them to mind their own business.
In a passionate post on Facebook, which has already been shared more than 36,000 times since it was posted seven days ago, Emily Bingham called out everyone who has ever asked someone whether they were planning on starting a family or having more children.
“People's reproductive and procreative plans and decisions are none of your business,” she wrote.
“Before you ask the young married couple that has been together for seemingly forever when they are finally gonna start a family, before you ask the parents of an only-child toddler when a Little Brother or Little Sister will be in the works, before you ask a single 30-something if/when s/he plans on having children because, you know, clock's ticking ... just stop.”
She pointed out how seemingly innocent questions, however well-intentioned, could cause unwanted stress and hurt to people who may be struggling with fertility- or health-related issues.
“You don't know who is struggling with infertility or grieving a miscarriage or dealing with health issues,” she wrote.
“You don't know who is having relationship problems or is under a lot of stress or the timing just isn't right. You don't know who is on the fence about having kids or having more kids.”
The letter brings to light the issues couples and women face when deciding whether or not to have children.
Ms Bingham questioned the stress caused by unnecessary societal pressures.
“Whether you are a wanna-be grandparent or a well-intentioned friend or family member or a nosy neighbor, it's absolutely none of your business,” she continues.
She suggested people instead ask about the best part of their day or what they’re excited about right now.
“If a person wants to let you in on something as personal as their plans to have or not have children they will tell you,” she wrote.
Ms Bingham has since been flooded with messages of support.
“People asking me about my child bearing plans drives me up a tree. Be they my parents or perfect strangers, because that happens all too often,” one woman wrote.
“Thank you for posting this, I’m so drained right now from fighting these questions off,” another said.
Do you have any news photos or videos? | A woman fed up with people asking couples whether or not they are planning on having children has penned an open letter telling them to mind their own business. | 17 | 0.933333 | 26.133333 | medium | medium | extractive |
http://www.bostonglobe.com/arts/theater-art/2015/09/29/race-through-time-einstein-dreams/jo2xlXbYPqDKkwgzAJDJdO/story.html | http://web.archive.org/web/20150930201237id_/http://www.bostonglobe.com:80/arts/theater-art/2015/09/29/race-through-time-einstein-dreams/jo2xlXbYPqDKkwgzAJDJdO/story.html | A race through time in ‘Einstein’s Dreams’ | 20150930201237 | CAMBRIDGE — Consider that to “know what time it is” is a colloquialism that means, more or less, that someone completely understands a given situation.
Is a world in which that meaning is so easily intuited very different from the one depicted in “Einstein’s Dreams,” where people look at the clock to tell them when to eat, or love, or end a visit to the theater? Or another world described in that play, where people bow to the “Great Clock” to worship time not as a measuring tool but as an entity unto itself?
No. Or at least that’s the suggestion made by writer-director Wesley Savick in his adaptation of “Einstein’s Dreams,” from MIT professor Alan Lightman’s 1993 novel. Savick directs his version in a hyperactive but ultimately charming production by Underground Railway Theater, running at Central Square Theater through Nov. 14. The show made its world premiere with the same cast in 2007 and has only been produced once more since then.
The conceit behind Lightman’s deeply imaginative source material is that it presents a journal of Einstein’s nocturnal musings as he developed his theories of general and special relativity. In each, a version of the world is presented in which time works differently. It moves slower the further one gets from the center of the Earth in one, so an upper class has taken to living in tall buildings atop mountains. In another, three different versions of each event play out simultaneously, resulting in an infinite network of possible realities.
As playwright, Savick chooses a chunk of the 30 “dreams” detailed in Lightman’s book and dramatizes them with three actors and an onstage musician, who plays jaunty pieces on accordion. As director, Savick keeps things moving at a nearly breathless pace, having his cast race around the stage like electrons, protons, and ions speeding around a particle accelerator.
Each situation is described in fluid, overlapping dialogue handled deftly by Debra Wise and Steven Barkhimer, as real-world office-mates of the 26-year old Einstein and as “dreamtellers.” They buzz around Robert Najarian as Einstein, who attractively depicts the man as an ever-curious intellectual who in a pinch can perform somersaults, a cartwheel, or a headstand.
The effect sometimes is that of speed without movement. Adhering to the spirit of the novel, Savick doesn’t choose to linger very long in any of these postulated worlds. It’s almost beside the point to note that there’s a whole lot of telling and much less showing. Still it succeeds. “Einstein’s Dreams” excels in those quietly eloquent moments when it becomes more than a laundry list of clever ideas — like when Najarian mimics playing a violin whose song is infinitely replicated, as his silhouette appears in duplicate and a tragic sense of futility appears on his face.
In a lovely sequence, the effects of backward-moving time are shown. Einstein the everyman progresses from old age to youth, and experiences childbirth in reverse. He goes further back, into the reproductive systems of his parents. Then, “one day he becomes a flash of light. Then nothing.” Conception as death.
This is not a “Physics for Dummies” exercise meant to educate audiences about Einstein’s work. Some of the scenarios are suggested by string theory and quantum physics, and as Wise (who is also Railway’s artistic director) points out in the program notes, only one is a direct representation of Einstein’s theories on relativity. Rather, it’s much like a series of intellectual fables — more Jorge Luis Borges than “Cosmos.”
When this play is the most dreamlike, perhaps, it has the most to say about reality — the one we find in this world, that is.
Written and directed by Wesley Savick. Based on the book by Alan Lightman. Presented by Underground Railway Theater. At Central Square Theater, Cambridge, through Nov. 14. Tickets: 617-576-9278, www.centralsquare | Albert Einstein’s “dreams” are dramatized by three actors and an onstage musician. | 48.1875 | 0.875 | 3.25 | high | medium | mixed |
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