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News on Permanent Portfolio Fund (PRPFX)

Tuesday May 31st 2016

  

Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)

Aggregared News for Permanent Portfolio(PRPFX) from various sources

Your Diversified Portfolio Needs Facebook, Chevron, Metals -  Permanent Portfolio Fund (PRPFX)Your Diversified Portfolio Needs Facebook, Chevron, Metals

  

  

Latest business news

Tuesday May 31st 2016: Latest financial news from the world

Verizon, unions agree to pay raises, new jobs to end strike -  Permanent Portfolio(PRPFX) newsVerizon, unions agree to pay raises, new jobs to end strike

A "Now Hiring" sign is posted on a Verizon store in Manhattan in New YorkOne analyst called the deal "very rich" for workers at Verizon, the No. 1 U.S. wireless provider, which reached the tentative pact with the Communications Workers of America (CWA) on Friday. The CWA said Verizon agreed to provide a 10.9 percent raise over four years while Verizon put the increase at 10.5 percent. According to the CWA, both numbers are correct, with the union's calculation including compounded interest as subsequent raises are determined from a new base salary.



Viacom's independent directors vow to fight ouster attempt -  Permanent Portfolio(PRPFX) newsViacom's independent directors vow to fight ouster attempt

A woman exits the Viacom Inc. headquarters in New YorkBy Jessica Toonkel and Chuck Mikolajczak NEW YORK (Reuters) - Viacom Inc's six independent directors vowed on Monday to fight any attempt to oust them from the board, saying they found "inexplicable" the assertion that controlling shareholder Sumner Redstone was mentally competent and acted of his own free will. In a letter to shareholders, Lead Independent Director Fred Salerno said the directors would legally contest any bid to remove them, the latest salvo in an increasingly public and bitter battle for control of Viacom at a time when the U.S. media company needs to focus on turning its business around. The letter came three days after a statement from Redstone, issued by his spokesman, that said the 93-year-old media mogul was considering ousting Viacom Chief Executive Philippe Dauman and the board of directors.



Brent crude lower on strong Middle East oil output -  Permanent Portfolio(PRPFX) newsBrent crude lower on strong Middle East oil output

A pumpjack drills for oil in the Monterey ShaleBy Ahmad Ghaddar LONDON (Reuters) - Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting on Thursday, while U.S. crude edged higher as the summer driving season began. Brent crude oil futures were down 26 cents at $49.50 a barrel by 1056 GMT (6.56 a.m. ET), while U.S. West Texas Intermediate (WTI) crude oil futures traded 9 cents higher at $49.42 a barrel. Iraq will supply 5 million barrels of extra crude to its international oil company partners in June, industry sources familiar with the issue said, joining other Middle East producers by lifting market share.



Audi, Porsche help VW limit damage from emissions scandal -  Permanent Portfolio(PRPFX) newsAudi, Porsche help VW limit damage from emissions scandal

A VW sign is seen outside a Volkswagen dealership in LondonBy Andreas Cremer BERLIN (Reuters) - Volkswagen's underlying profit fell less than expected in the first quarter as demand for upmarket Audi and Porsche models helped to offset a hit to VW sales from its emissions test cheating scandal. Europe's biggest carmaker said on Tuesday operating profit before one-off items fell 5.9 percent to 3.1 billion euros ($3.5 billion) on a 3.4 percent drop in sales revenues. While better than analysts' average profit forecast of 2.8 billion euros, Volkswagen said it was still braced for a tough year as it battles to rebuild following the biggest business crisis in its 79 year history.



Fed's Bullard says global markets seem well-prepared for summer rate hike -  Permanent Portfolio(PRPFX) newsFed's Bullard says global markets seem well-prepared for summer rate hike

St. Louis Fed President James Bullard speaks at a public lecture on "Slow Normalization or No Normalization" in SingaporeBy Christine Kim and Se Young Lee SEOUL (Reuters) - St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be "well-prepared" for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. "My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time," Bullard told a news conference after speaking at an academic conference in Seoul. "So my ideal is that if all goes well this will come off very smoothly." Bullard added a rebound in U.S. GDP growth seems to be materializing in the second quarter, but reserved his opinion on whether the Fed should hike in June or July for the next policy meeting at the U.S. central bank.



Mondelez to create more apps, online videos in advertising shift -  Permanent Portfolio(PRPFX) newsMondelez to create more apps, online videos in advertising shift

Logo of Mondelez International is pictured at the company's building in ZurichOreo cookie maker Mondelez International Inc's "Twist, Lick, Dunk" mobile application has been such a success that the snack company plans to roll out similar games in a move away from traditional advertising to create its own content. The free game launched in November 2012 has helped Mondelez make twice as much money through in-app purchases and ads as it had invested in it, Laura Henderson, global head of content and media monetization, said in an interview ahead of the company's announcement on Tuesday about the plans. Players have downloaded the game, created by mobile game development studio PikPok, about 7 million times and virtually dunked over 5 billion cookies into a glass of milk, she said.



Fed, China fears force investors to check out of Asia -  Permanent Portfolio(PRPFX) newsFed, China fears force investors to check out of Asia

A businessman walks in Tokyo's business district, JapanHaving dumped Asian shares on resurgent worries about China's economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region's bonds and currencies. A net $3.2 billion left Asian equity markets, excluding Japan, during the period May 1 to 24, the largest outflow since January, data from HSBC showed. Indonesia's and South Korea's bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse while Asia's currencies have also fallen quite sharply.



Goldman Sachs raises odds of China share inclusion in MSCI indexes to 70 percent -  Permanent Portfolio(PRPFX) newsGoldman Sachs raises odds of China share inclusion in MSCI indexes to 70 percent

A sign is displayed in the reception of the Sydney offices of Goldman Sachs in AustraliaThe U.S. bank joins a growing list of investors and brokers such as Blackrock and Franklin Templeton's Mark Mobius who have given Beijing a thumbs up in recent weeks ahead of the MSCI's decision on June 14. Goldman said on Tuesday that measures taken by authorities with respect to beneficial ownership of shares and clarifying guidelines on stock suspensions has improved the chances of inclusion to 70 percent from a coin toss in April.



Boeing set to win $2.9 billion contract from UK MoD: The Telegraph -  Permanent Portfolio(PRPFX) newsBoeing set to win $2.9 billion contract from UK MoD: The Telegraph

The logo of Dow Jones Industrial Average stock market index listed company Boeing (BA) is seen in Los Angeles(Reuters) - Boeing Co is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, The Telegraph reported. The MoD has decided to give Boeing a 50-aircraft contract, including servicing, and the announcement could come as early as July, the newspaper said. U.S. planemaker Boeing is offering the helicopters at a lower price by tacking them on to the end of a larger Apache order from the US military, the paper added.



Shares set for monthly gains, dollar buoyed by Fed outlook -  Permanent Portfolio(PRPFX) newsShares set for monthly gains, dollar buoyed by Fed outlook

Businessman is reflected in an electronic board displaying Japan's Nikkei share average outside a brokerage in TokyoBy Anirban Nag LONDON (Reuters) - Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar held strong near two-month peaks on expectations the U.S. interest rates could rise next month. "In an environment of dollar strength, the People's Bank of China may well be forced to further depreciate the renminbi, risking the possibility of a one-off currency intervention." In the commodities sphere, moves in crude oil futures were limited before Thursday's meeting of the Organization of the Petroleum Exporting Countries.



Top 10 highest-paid CEOs -  Permanent Portfolio(PRPFX) newsTop 10 highest-paid CEOs

This photo combination shows the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm. Top row, from left: Anthony Petrello, Nabors Industries, $68.2 million; Leslie Moonves, CBS, $65.6 million; Richard Adkerson, Freeport-McMoRan Copper & Gold, $55.3 million; Stephen Kaufer, TripAdvisor, $39 million; and Philippe Dauman, Viacom, $37.2 million. Bottom row, from left: Leonard Schleifer, Regeneron Pharmaceuticals, $36.3 million; Robert Iger, Walt Disney, $34.3 million; David Zaslav, Discovery Communications, $33.3 million; Jeffrey Bewkes, Time Warner, $32.5 million; and Brian Roberts, Comcast, $31.4 million. (AP Photo)NEW YORK (AP) — Here are the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm:



BBC Micro:bit computer now available to all for £13 -  Permanent Portfolio(PRPFX) newsBBC Micro:bit computer now available to all for £13

Microsoft has its own venture capitalism division -  Permanent Portfolio(PRPFX) newsMicrosoft has its own venture capitalism division

BMW pumps investment capital into Scoop, yet another mobility company -  Permanent Portfolio(PRPFX) newsBMW pumps investment capital into Scoop, yet another mobility company

BMW dumps investment capital into Scoop, yet another mobility companyThe Scoop app connects drivers and riders to carpool together for a more efficient commute.



BT's football final coverage attracts 3 million on YouTube -  Permanent Portfolio(PRPFX) newsBT's football final coverage attracts 3 million on YouTube

Europe enlists tech companies to help end online hate speech -  Permanent Portfolio(PRPFX) newsEurope enlists tech companies to help end online hate speech

Digital Storm's latest gaming all-in-one packs a 10-core CPU -  Permanent Portfolio(PRPFX) newsDigital Storm's latest gaming all-in-one packs a 10-core CPU

Hong Kong Pokémon fans protest over Pikachu translation -  Permanent Portfolio(PRPFX) newsHong Kong Pokémon fans protest over Pikachu translation

First pictures of Harry, Ginny and their family in 'Harry Potter and the Cursed Child' -  Permanent Portfolio(PRPFX) newsFirst pictures of Harry, Ginny and their family in 'Harry Potter and the Cursed Child'

First pictures of Harry, Ginny and their family in 'Harry Potter and the Cursed Child'Boy wizard Harry Potter is a grown-up now but his adventures continue in a new play. Here's the first pictures.



Welcome to Computex 2016! -  Permanent Portfolio(PRPFX) newsWelcome to Computex 2016!

You can now livestream concerts on your iPhone in VR -  Permanent Portfolio(PRPFX) newsYou can now livestream concerts on your iPhone in VR

You can now livestream concerts on your iPhone in VRStartup Rivet streams gigs from New York's Blue Note Jazz Club in 360-degree virtual reality. Now, it's bringing those services to iOS devices (and Androids too, eventually).



Gigabyte's ultimate gaming rig for the home racer -  Permanent Portfolio(PRPFX) newsGigabyte's ultimate gaming rig for the home racer

Gigabyte's ultimate gaming rig for the home racerThink you've got a sweet setup at home for your PC racing games? Think again, because we can guarantee it's not as good as this.



Intel goes Intel goes "extreme" with first 10-Core processor, puts Tick-Tock tactics on hold

Intel goes "extreme" with first 10-Core processor, puts Tick-Tock tactics on holdMulti-tasking is for the weak: Now Intel is targeting "mega-taskers" at Taipei's Computex show, launching a line-up of desktop processors with "crazy good" performance.



Intel confirms 7th generation Kaby Lake processors coming this year -  Permanent Portfolio(PRPFX) newsIntel confirms 7th generation Kaby Lake processors coming this year

Intel confirms 7th generation Kaby Lake processors coming this yearIt's been some time coming, but Intel has confirmed that its next generation of 'optimised' processors is on schedule and going into production this quarter.



The President of Taiwan tries a quick chat with ASUS' home robot -  Permanent Portfolio(PRPFX) newsThe President of Taiwan tries a quick chat with ASUS' home robot

UberPool now covers most of central London -  Permanent Portfolio(PRPFX) newsUberPool now covers most of central London

Intel's 7th generation of Core CPUs are coming later this year -  Permanent Portfolio(PRPFX) newsIntel's 7th generation of Core CPUs are coming later this year

Gdansk Labor Market Among the Fastest Growing in the EU -  Permanent Portfolio(PRPFX) newsGdansk Labor Market Among the Fastest Growing in the EU

Gdansk Labor Market Among the Fastest Growing in the EUGdansk has been currently experiencing a great time for its economy and labor market. The number of employed persons in the Pomorskie region grew by more than 40% between 2006 and 2016. It is an unprecedented growth in the EU and a proof of our rapid economic development. The city of Gdansk and the whole region becomes one of the most...



Intel's first 10-core desktop CPU will cost $1,723 -  Permanent Portfolio(PRPFX) newsIntel's first 10-core desktop CPU will cost $1,723

Why schools shouldn't approach technology like businesses once did -  Permanent Portfolio(PRPFX) newsWhy schools shouldn't approach technology like businesses once did

Why schools shouldn't approach technology like businesses once didCraig Blewett, University of KwaZulu-NatalComputers began reaching the business world during the 1980s. Companies used them to automate many routine manual tasks. This led to what economist Robert Solow dubbed the Productivity Paradox. In 1987, he famously quipped: "You can see the computer age everywhere but in the productivity statistics."The...



$13 million in confiscated bitcoin to be auctioned by Australian police -  Permanent Portfolio(PRPFX) news$13 million in confiscated bitcoin to be auctioned by Australian police

$13 million in confiscated bitcoin to be auctioned by Australian policeA haul of 24,518 bitcoins confiscated by the Australian police will be up for auction in late June.



Caltech sues Apple for Wi-Fi patent infringement -  Permanent Portfolio(PRPFX) newsCaltech sues Apple for Wi-Fi patent infringement

Caltech sues Apple for Wi-Fi patent infringementThe California Institute of Technology has filed a lawsuit against Apple, citing infringements on Wi-Fi technology patents.



Katy Perry's Twitter account hacked -  Permanent Portfolio(PRPFX) newsKaty Perry's Twitter account hacked

Katy Perry's Twitter account hackedThe pop star's Twitter account, which has just under 90 million followers, sent out a series of strange Tweets, including some about Taylor Swift. Warning: There's some harsh language here.



Mars and Earth cosy up with closest approach in a decade -  Permanent Portfolio(PRPFX) newsMars and Earth cosy up with closest approach in a decade

Mars and Earth cosy up with closest approach in a decadeIt's an excellent time to take a look at the Red Planet as it makes its closest approach to Earth in 11 years.



Faintest known galaxy could shed light on the early universe -  Permanent Portfolio(PRPFX) newsFaintest known galaxy could shed light on the early universe

Hong Kong Pokémon fans protest Pikachu name change -  Permanent Portfolio(PRPFX) newsHong Kong Pokémon fans protest Pikachu name change

Hong Kong Pokémon fans protest Pikachu name changePokémon fans in Hong Kong are protesting the change from Cantonese to Mandarin in the upcoming new games.



Fable to be revived as a digital card game -  Permanent Portfolio(PRPFX) newsFable to be revived as a digital card game

Fable to be revived as a digital card gameA Fable title that had been in development before the closure of Lionhead is getting a new lease on life via crowdfunding.



Qualcomm announces new Snapdragon Wear 1100 processor for wearables -  Permanent Portfolio(PRPFX) newsQualcomm announces new Snapdragon Wear 1100 processor for wearables

Qualcomm announces new Snapdragon Wear 1100 processor for wearablesUnlike the earlier Wear 2100 chip meant for multi-purpose devices, the new chip is designed for low-power performance and use in wearables with a more focused feature set.



MediaTek's Pump Express 3.0 charges a smartphone from 0 to 70 in 20 minutes -  Permanent Portfolio(PRPFX) newsMediaTek's Pump Express 3.0 charges a smartphone from 0 to 70 in 20 minutes

MediaTek's Pump Express 3.0 charges a smartphone from 0 to 70 in 20 minutesThe Taiwanese chipmaker's new battery solution looks promising, but will only be available at the end of the year.



Zenbo family robot destroys Computex with cuteness before it even begins -  Permanent Portfolio(PRPFX) newsZenbo family robot destroys Computex with cuteness before it even begins

Zenbo family robot destroys Computex with cuteness before it even beginsAsus dropped an unexpected robot revolution on its Computex press conference, launching the Zenbo household assistant, priced at $599.



  

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