Month: March 2018

SpaceX succeeded in its sixth launch of 2018, putting the fifth batch of Iridium NEXT satellites into orbit using a previously-flown Falcon 9 rocket. Launched Friday from the central coast of California, Elon Musk’s rocket company has now put up 50 Iridium satellites for the next-generation constellation. The space company failed, however, to catch the
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The New York Stock Exchange (NYSE) is in talks to acquire the Chicago Stock Exchange, the Wall Street Journal reported on Friday citing sources. Chinese-led North America Casin Holdings was previously trying to acquire CHX Holdings, the parent company of the Chicago Stock Exchange, but the deal collapsed in February after it was rejected by
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Japan’s industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate of a 5.0 percent
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Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago. Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in
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One theme that could continue to weigh on the sector for months to come is regulation. Though talk of regulation has mostly focused on Facebook, the social network’s data crisis could spill over to other big tech companies. On Monday, Senate Judiciary Chairman Chuck Grassley called on Facebook’s Mark Zuckerberg to testify at a hearing
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Starbucks’ big expansion into Asia will underperform the company’s guidance, according to one Wall Street firm. Wedbush Securities lowered its rating to neutral from outperform for Starbucks shares, predicting the company’s sales growth will come in below expectations next year. Starbucks management said Jan. 31 that the company’s China business will represent approximately 25 percent
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