US STOCKS-Tech drags Wall St lower; China tension weighs
* Dow posts sixth straight weekly gain * Oracle falls after revenue miss * Indexes down: Dow 0.04 pct, S&P 0.18 pct, Nasdaq 0.36 pct (Updates prices, changes comment, byline) By Rodrigo Campos NEW YORK, Dec 16 (Reuters) - U.S. stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 percent to $39.10 after its adjusted revenue missed analysts' estimates. T..>> view originalUPDATE 1-Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 mln
(Adds details on settlement, background on litigation) By Nate Raymond NEW YORK, Dec 16 (Reuters) - Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in federal court in Manhattan on Friday. It came after seven other banks agreed in May to pay a combined $324 million to resolve the liti..>> view originalAir Berlin names Thomas Winkelmann as new CEO
An Australian man sprang into action when a kangaroo wrapped its hands around his dog's throat, running toward it and punching it in the face in what is considered by some to be one of the most Australian videos to hit the internet yet. >> Read more trending stories The short video, which has since gone viral, was posted to Facebook Saturday by a man who said he got it from his "buddy from Australia." "The buck has hold of the dog and not the other way around," an animated Aussie announces as t..>> view originalLeading Romanian automobile industry official dies
An Australian man sprang into action when a kangaroo wrapped its hands around his dog's throat, running toward it and punching it in the face in what is considered by some to be one of the most Australian videos to hit the internet yet. >> Read more trending stories The short video, which has since gone viral, was posted to Facebook Saturday by a man who said he got it from his "buddy from Australia." "The buck has hold of the dog and not the other way around," an animated Aussie announces as t..>> view originalMassive 2013 oil spill in North Dakota still not cleaned up
BISMARCK, N.D. (AP) — Three years and three months later, a massive oil spill in North Dakota still isn’t fully cleaned up. The company responsible hasn’t even set a date for completion. Though crews have been working around the clock to deal with the Tesoro Corp. pipeline break, which happened in a wheat field in September 2013, less than a third of the 840,000 gallons that spilled has been recovered — or ever will be, North Dakota Health Department environmental scientist Bill Suess said. A f..>> view originalThis car promises to be fully electric and drive itself - will that be enough? - Standard
(c) 2016, The Washington Post. California-based Lucid Motors officially unveiled its first high-end electric vehicle this week, a sleek, sunlit sedan called the Lucid Air that executives expect will roll off the assembly line starting late 2018. But as advancements in automotive innovation - autonomous driving, electric vehicle batteries and ride-sharing, among others - continue to progress at a rapid clip, it’s unclear exactly how different the car market will look when the Lucid Air finally ..>> view originalU.K. Mulling Turkey-Style Trade Pact After Brexit, Liam Fox Says
The U.K. could try to stay in the European customs union after Brexit, International Trade Secretary Liam Fox said, in a further sign that the British government is considering keeping some formal ties with the bloc.Britain could model its post-Brexit relationship on Turkey’s trade deal with Europe, with some parts of its economy inside the tariff-sharing customs union, and others outside it, Fox told the BBC’s Andrew Marr Show Sunday in London.Photographer: Jeff Overs/BBC“We need to look at al..>> view originalTelecoms giant to buy stake in cab-hailing firm Careem
Image copyright Reuters Saudi Arabia's main phone company, STC, plans to buy a 10% stake in cab-hailing firm Careem.Based in Dubai, Careem is a rival to Uber and has developed a strong presence in the Middle East, North Africa and Pakistan.Such cab-booking firms are particularly popular with women in Saudi Arabia, who are not allowed to drive.In a statement to the Saudi Stock Exchange, STC said the stake would cost it $100m (£80m)."This move is in line with the company strategy to invest in..>> view originalElon Musk Tunnel Plan Is Full Of Holes
In the past few days, the Elon Musk tunnel plan has gotten a lot of attention, particularly in the Twittersphere. The indomitable Mr. Musk is a certified genius; there's no debate about that. The man's brain works in strange and mysterious ways. He ...>> view original
Friday, February 17, 2017
US STOCKS-Tech drags Wall St lower; China tension weighs and other top stories.
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