Owners of dead giant rabbit on United flight seek damages, probe
The owners of a giant rabbit named Simon who was found dead after a United Airlines flight demanded on Monday that the airline pay damages, order an outside investigation and re-evaluate how it handles animals on flights. Attorneys for Simon's owners, who purchased him in hopes of winning the title of world's largest rabbit at the Iowa State Fair this summer, said they would take legal action if United failed to respond within seven days. The lawyers say it is possible the 3-foot-long (1-meter..>> view originalMillennials think Coach is 'boring.' Will acquiring Kate Spade help?
Luxury handbag maker Coach is buying rival Kate Spade, a brand known for its whimsical designs and colorful patterns, for $2.4 billion in cash, the companies announced Monday. The deal would bring together two New York-based brands that have competed in recent years to win over younger customers and build a global presence. “This deal gives Coach a real toehold into the millennial market,” said Ed Yruma, a retail analyst at KeyBanc Capital Markets. “Kate Spade can substantially expand in China ..>> view originalNvidia's Earnings Preview: Growth Momentum To Continue In 2017
Nvidia ( NVDA ) will be reporting its Q1 2018 earnings on May 9th. Fiscal 2017 was a good year for the company as it saw a solid 38% growth in revenue and a staggering 171% improvement in net income. Nvidia's stock price has risen by more than 200% in the last one year. The company's business model based on driving GPU compute platforms into highly targeted markets, is clearly paying off and is enabling Nvidia to extend its leadership across business segments. The strong growth momentum is exp..>> view originalOil steadies, but rattled by concern about OPEC's clout
LONDON Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.Brent crude futures were up 9 cents at $49.43 per barrel at 1110 GMT (7.10 a.m. ET), above a session low of $49.18, while U.S. West Texas Intermediate futures were up 11 cents at $46.54 per barrel.Weekly U.S. data on crude production and inventories, plus monthly reports on supply and demand from the Or..>> view originalThis start-up CEO bought shares of Berkshire 13 years ago and finally made it to see Buffett
Lacy O'Toole | CNBC Warren Buffett Secret Millionaire's Club dolls on display at the Annual Berkshire Hathaway Shareholder's Meeting in Omaha, NE on May 6, 2017. Joshua Reeves bought a couple hundred dollars worth of Berkshire Hathaway shares in 2004, with some money he made from an internship at Intel. He'd just finished his freshman year Stanford. Thirteen years later, as CEO of a $1.1 billion software start-up called Gusto, Reeves took advantage of his Berkshire ownership and traveled ..>> view originalWill Sinclair Broadcast Group take on Fox News after buying Tribune Media in a $3.9-billion deal?
Sinclair Broadcast Group Inc., the Baltimore-based company that has kept a low profile, will become a nationwide player with the planned acquisition of Tribune Media and its 42 TV stations, giving it a powerful platform to potentially launch a right-leaning programming service to rival Fox News.The company, which already is the largest TV station group owner in the U.S. with 139 stations, has operated largely out of the media business fishbowl because it had no outlet in New York or Los Angeles..>> view originalApple, other tech leads, but rally shows signs of wear as market hits new highs
With the S&P 500 barely at a new high, traders will be watching for the next catalyst Tuesday to help it break out, as earning season starts to wind down. The S&P rose just nine-hundredths of a point Monday to a new high of 2,399, but some parts of the market have been showing signs of wear while the big name tech companies have been the engine driving the market higher. The Nasdaq also edged up nearly 2 points to a new high of 6,102. At the same time, the VIX, the CBOE's volatility index, sank..>> view originalAngry passengers arrested after Spirit cancels flights in Florida
Several people were taken into custody at Fort Lauderdale-Hollywood International Airport in Florida when 11 flights were canceled Monday. Cell phone video captured by Jose Rodriguez showed at least three people being arrested as long lines of angry ...>> view originalAustralia plans major spending plus surplus in 3 years
Australian Treasurer Scott Morrison talks to media as he arrives at Parliament House in Canberra, Australia, Tuesday, May 9, 2017. Morrison says he will outline a budget for the next fiscal year that will be fair and rein in mounting debt. (Rod McGuirk/Associated Press) By Rod McGuirk | AP By Rod McGuirk | AP May 9 at 7:56 AM CANBERRA, Australia — Australia’s government announced Tuesday plans for major infrastructure spending including a new Sydney airport and an inland railway linkin..>> view originalActivist Investor Elliott Heads to Court to Oust Akzo Chairman
Elliott Advisors, the hedge fund that has been pushing Dutch paint maker Akzo Nobel (akzoy) to enter takeover talks with U.S. peer PPG Industries (ppg), said Tuesday it had launched legal action to try to oust Akzo chairman Antony Burgmans.In an open letter, the fund said Akzo's rejection of PPG's third takeover proposal, worth 26.3 billion euros ($28.7 billion), was "a flagrant breach of Akzo Nobel's Boards' fiduciary duties and of Dutch corporate law, and ... an arrogant dismissal of recognize..>> view original
Tuesday, May 9, 2017
Owners of dead giant rabbit on United flight seek damages, probe and other top stories.
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