Latest news for BlackRock Global Allocation Inv A(MDLOX) (See analysis on MDLOX)
Aggregared News for BlackRock Global Allocation Inv A(MDLOX) from various sources25 Funds Investors Are Dumping
Latest business news
Sunday May 1st 2016: Latest financial news from the worldBuffett says Berkshire 'fine' with Trump or Clinton
Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett presided over his 51st Berkshire annual meeting in Omaha, Nebraska, where he and Vice Chairman Charlie Munger fielded five hours of questions on such matters as Coca-Cola's sugary drinks, lower shipping volumes on the BNSF railroad, risks from derivatives, and who might succeed Buffett as chief executive. Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the regulatory impact on Berkshire if Republican front-runner Donald Trump wins the 2016 U.S. presidential election.
Halliburton, Baker Hughes set to end deal: source
The contract governing Halliburton's acquisition of Baker Hughes, which was valued at $35 billion when it was announced in November 2014, expired on Saturday without an agreement by the companies to extend it, the person added. Baker Hughes stands to receive a $3.5 billion break-up fee as a result of the deal falling apart, and Halliburton is expected to state on Monday that it will meet that obligation, according to the source. Halliburton and Baker Hughes did not immediately respond to requests for comment.
With weak earnings in tow, focus turns to jobs data
Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to have added 200,000 jobs in April, with the unemployment rate unchanged at 5 percent and a wage increase of 0.3 percent, according to Reuters data. Unlike in recent months, where weak jobs numbers were counted on to stave off another Federal Reserve interest rate hike, investors are now itching for better-than-expected employment data to indicate a stronger next earnings season, analysts said.
J.C. Penney shares could double in price in three years: Barron's
Shares of U.S. retailer J.C. Penney could double in price over the next three years, Barron's reported over the weekend. At $9.28, the stock price is down from the $43 hit in February 2012. "The turnaround potential is promising," said Chris Terry, portfolio manager at Hodges Capital in Dallas.
FCA sees issues in Deutsche Bank controls over financial crimes, FT reports
Deutsche Bank has "serious" and "systemic" failings in its controls against money laundering, terrorist financing and sanctions, according to a confidential letter by the UK's financial regulatory agency, the Financial Times reported. The watchdog agency, the Financial Conduct Authority (FCA), has now ordered a separate independent review, the FT reported the letter as saying. The FCA declined to comment.
IEA chief says oil price bottoming depends on global growth
International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crude reaching $48.50 a barrel on optimism that a global oil glut will ease. A decline in non-OPEC production amounting to more than 700,000 barrels per day this year, and production outages such as in Nigeria and Kuwait, have driven the rally, Birol told Reuters on the sidelines of the Group of Seven energy ministers' meeting in Kitakyushu, southwestern Japan.
German finmin criticizes Volkswagen management over bonuses: paper
Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. "I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and then defend their own bonuses in a public debate," Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. "That shows that something is not working." Volkswagen plans to pay the 12 current and former members of its management board 63.24 million euros ($72.44 million) for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating diesel emissions tests.
Daimler hires Deloitte for internal emissions probe
Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said. The investigation is to see if Daimler used devices to manipulate emissions tests and comes after another German carmaker, Volkswagen AG, admitted installing software that did so. Daimler said last week that it was conducting an internal investigation of its certification process for diesel exhaust emissions in the United States at the request of the Justice Department.
Air France-KLM to name Jean-Marc Janaillac as new CEO: source
Air France-KLM's board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group's next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the matter said on Saturday. Frederic Gagey would remain as head of Air France, the source said. Sixty-three year old Janaillac, CEO of multi-modal transport company Transdev since 2012, first occupied a senior position in the airline industry when he was associate director general at now defunct airline AOM in the late 1990s.
Apple's stock suffers worst week since 2013
By Noel Randewich SAN FRANCISCO (Reuters) - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11 percent in the past five sessions. Confidence in the Cupertino, California company has been shaken since posting its first-ever quarterly decline in iPhone sales and first revenue drop in 13 years on Tuesday, although Apple investors pointed to the stock's relatively low valuation as a key reason to hold onto the stock.
Phone call study concludes we can only have five best friends
Judge orders woman to unlock iPhone with her fingerprint
IMAX's in-theater spin class is sensory overload
The After Math: What on Earth are you watching?
8 Ways Body Language Beats IQ
When it comes to success, it's easy to think that people blessed with brains are inevitably going to leave the rest of us in the dust, but social psychologist Amy Cuddy knows first-hand how attitude can outweigh IQ.Cuddy suffered a car accident at the age of 19 which resulted in brain damage that took 30 points from her IQ. Before the crash...
Inhabitat's Week in Green: The Karma Revero, and more!
Ben Heck's salvage wars
Scientists find a tailless comet from Earth's early days
Samsung app helps premature babies hear their mothers
'Call of Duty' teaser hints at a bleak sci-fi world (update: more)
Uber settlement protects travel with your guide dog
Tech doesn't work with children and animals
US surveillance court didn't reject a single spy order last year
Valve will ban Steam cheaters via their linked phone numbers
10 Signs You're Burning Out (And How To Stop It)
Even the best jobs can lead to burnout. The harder you work and the more motivated you are to succeed, the easier it is to get in over your head.The prevalence of burnout is increasing as technology further blurs the line between work and home. New research from the American Psychological Association and the National Opinion Research Center at...
Windows 95 on an Apple Watch is wonderfully impractical
8 Things Ridiculously Successful People Do Before 8 AM
Starbucks continues to grow relentlessly, with CEO Howard Schultz just announcing plans to open 500 new stores a year over the next five years. Much of this growth will happen in China, where Schulz is undeterred by the recent economic slowdown.While many factors contribute to Starbucks' immunity to economic trends, most are driven by Schultz....
Garmin's 'Varia Vision' headset is the Google Glass of cycling
Six robots inspired by real-life animals
Recommended Reading: Why can't we stream more black TV shows?
ICYMI: Barely hoverbiking, new hair dryer tech and more
Roaming within the EU has just become cheaper
Watch a 360-degree video of SpaceX's rocket landing at sea
Puma's robotic running companion can keep pace with Usain Bolt
Xiaomi's smartwatch for kids costs less than $50
Ask Alexa what's playing on SyFy
Delta is rolling out RFID luggage tags by the end of summer
The Ambition of a Human-Based Company
About a year ago, when James Orsini joined VaynerMedia as our Chief Integration Officer (CIO), he was amazed at how low our voluntary turnover rate was. "What are we doing?" he asked me. My response? "We are an HR-driven organization."VaynerMedia is a private company, which means that I don't have Wall Street breathing down my neck (so all my...
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