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
Monday July 25th 2016: Latest financial news from the worldWall Street drops from highs as earnings take center stage
Shares fell almost across the board, with energy stocks leading declines across 10 S&P 500 sectors and consumer discretionary a loan bright spot, helped by a 1.97-percent gain in Netflix. The negative start to the week, which includes earnings from 190 S&P 500 companies as well as a Federal Reserve policy meeting, put the brakes on a 9 percent rally that started on June 27. The S&P energy index fell 2 percent, its deepest percentage decline since late June.
Verizon to buy Yahoo's core business for $4.83 billion
Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains access to Yahoo's ad technology tools, BrightRoll and Flurry, and search, mail and messenger assets. "Yahoo gives us scale that is what is most critical here, Marni Walden, who is head of product innovation and new business at Verizon told CNBC, adding that the company's audience will go from the millions to the billions.
Nintendo shares dive as company plays down Pokemon GO's earnings impact
By Junko Fujita TOKYO (Reuters) - Shares in Nintendo Co tumbled as much as 18 percent on Monday after the company said Pokemon GO would have a limited impact on its earnings - their biggest setback so far after a huge run-up on the smash-hit game. The Kyoto-based gaming company, which is due to report first-quarter results this week, surprised markets with a statement on Friday that income garnered through its 32 percent stake in affiliate Pokemon Company, which owns the licensing rights, would be limited and that it did not plan to revise its earnings outlook for now. "The market has overreacted to the Nintendo statement," said David Gibson, a senior analyst at Macquarie Securities Group, noting the game in Japan had broken records with 10 million downloads in one day.
EU working with consumer groups to pressure Volkswagen for compensation
BRUSSELS/BERLIN (Reuters) - Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The German carmaker has pledged up to $15.3 billion to compensate 475,000 owners of VW diesel-powered cars, but has so far rejected such calls for the 8.5 million affected vehicles in Europe, where different legal rules weaken the chances of winning a pay out. Instead, it is implementing a technical fix approved by regulators to remove illicit software that cheated emissions tests, saying this meant car owners in Europe would not suffer a loss of value.
Buyout funds eye alliances for SABMiller's Pilsner, east Europe brands
By Pamela Barbaglia and Jan Lopatka LONDON/PRAGUE (Reuters) - U.S. and European buyout funds are gearing up for SABMiller's sale of its central and eastern European beer brands, with some seeking to join forces to snap up assets worth up to 7 billion euros ($7.7 billion), sources familiar with the matter said. The brewing businesses, based in the Czech Republic, Poland, Hungary, Romania and Slovakia, are for sale as part of Anheuser-Busch InBev's $100 billion-plus takeover of SABMiller, which has come under a shadow of doubt as activist shareholders push for a higher price in light of weak sterling. AB InBev, maker of Budweiser and Stella Artois, has offered to sell SAB's entire European business to ease antitrust approval for the takeover, which is among the largest in corporate history.
Fiat Chrysler review shows U.S. sales figures were inflated: report
An internal review begun at Fiat Chrysler Automobiles in 2015 found its U.S. sales figures were inflated, partly due to pressure to keep a year-over-year monthly sales streak alive, the Automotive News reported on Monday, citing two sources at the automaker. Fiat Chrysler confirmed a week ago that U.S. regulators were investigating claims of inflated sales. The inflating of the sales figures was ended by Reid Bigland, head of Fiat Chrysler's U.S. sales, after the internal probe, the sources told the Automotive News.
Sprint says to be cash-flow positive next year, shares soar
Sprint Corp reported better-than-expected first-quarter revenue as big discounts attracted more postpaid subscribers, and the No. 4 U.S. wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this year. Some analysts and investors had raised questions about Sprint's financial position after majority owner SoftBank Corp agreed earlier this month to buy UK chipmaker ARM Holdings Plc for $32 billion. Sprint had negative cash flow of $3.17 billion in the financial year ended March 31.
Starbucks shuffles management as it rolls out new store concepts
Cliff Burrows, head of Starbucks' U.S.-dominated Americas business for eight years, will lead a new group called Siren Retail. John Culver, a 14-year Starbucks veteran, will become group president for global retail, with responsibility for Starbucks retail sales around the world. Culver had been group president for Starbucks China and Asia-Pacific, channel development and emerging brands.
Star Wars may propel U.S. toy industry to best year since '99: NPD
The Force is with the U.S. toy industry this year. Demand for Star Wars merchandise is set to propel toy sales growth to a 17 year-high, according to industry research firm The NPD Group. Toy sales rose 7.5 percent in the first half of 2016, pointing to the fastest growth since 1999, the NPD said.
Deutsche Bank must face U.S. lawsuit over subprime disclosures
A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market. U.S. District Judge Deborah Batts in Manhattan rejected the German bank's bid to dismiss claims with respect to roughly $2.55 billion of securities sold in November 2007 and February 2008, court papers show. Deutsche Bank spokeswoman Amanda Williams declined to comment.
Facebook and Twitter helped catch suspected militants in Brazil
PlayStation Vue adds NFL Network, RedZone and more local CBS stations
Lights in the sky: Inside San Francisco's illuminated art scene
PokeMatch is the 'Pokémon Go' dating app you've been dreading
On John Oliver's show, musicians demand politicians stop using their songs
Technically Incorrect: In a hilarious indictment of politicians who purloin songs, often not realizing what the lyrics actually say, the HBO comedian brings together Usher, Sheryl Crow and many other to fight back.
Splunk add-ons that give you even more valuable data to analyze
Nintendo loses billions in value after 'Pokemon Go' truth bomb
Melissa McCarthy, Jeff Goldblum, other stars bomb auditions for young Han Solo
No one downloads apps anymore: True or false?
FBI to investigate Russia's involvement in DNC email leak
Ford brings Apple CarPlay and Android Auto to all 2017 models
Audi CEO claims three new EVs are coming by 2020
Hooked on H: Hyundai to debut new fuel-cell system in 2018
Pokemon Go? Hell no, says Rihanna
Verizon compra Yahoo por US$4,830 millones y lo unirá a AOL
Apple's next secret-project hire? Bob Mansfield, former hardware exec
Fiat Chrysler recalls 410,000 vehicles for loss of power
Man allegedly pulls out gun during 'Star Trek Beyond'
Sega vs. Nintendo: Battle of the retro consoles
Prisma, el popular app de edición fotográfica, llega a Android
Verizon to buy Yahoo for $4.83 billion, merge it with AOL
Verizon bets $4.8 billion on Yahoo...Why? (The 3:59, Ep. 83)
Chinese TV maker LeEco reportedly looking at buying Vizio
Mayer to Yahoos: 'I'm planning to stay'
First-person-view drone flying is the closest thing to being a bird
The Face of Mars: A Martian mystery turns 40
Can a Trump Reddit AMA make the internet great again?
Donald Trump hosting Reddit AMA during DNC on Wednesday
Samsung envisions new wireless chargers that stand tall
Conoce a Niantic Labs, la empresa detrás del popular éxito llamado 'Pokémon Go'
Pese a lo que muchos creen (incluidos inversionistas), el juego de realidad aumentada que ha puesto el mundo de cabeza no nació en Nintendo, sino que surgió como un proyecto de Google. Te contamos su historia.
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