News on Permanent Portfolio Fund (PRPFX)Saturday December 10th 2016
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesGuide to Permanent Portfolio Permanent I Fund (PRPFX)
Your Diversified Portfolio Needs Facebook, Chevron, Metals
Latest business news
Saturday December 10th 2016: Latest financial news from the worldMurdoch's new Sky bid should be probed, UK opposition politicians say
Rupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round. Liberal Democrat Vince Cable, who was Britain's business secretary at the time of Murdoch's first bid in 2010-11 told BBC radio the media tycoon's new takeover attempt would not be in the public interest. Cable referred Murdoch's original bid to regulator Ofcom and said his latest offer should face the same scrutiny.
OPEC, non-OPEC agree first global oil pact since 2001
OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. With the deal finally signed after almost a year of arguing within the Organization of the Petroleum Exporting Countries and mistrust in the willingness of non-OPEC Russia to play ball, the market's focus will now switch to compliance with the agreement. OPEC has a long history of cheating on output quotas.
Cadillac disavows casting call for 'neo-Nazi' character in brand ad
By Joseph White DETROIT (Reuters) - General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right (neo nazi)" role in a Cadillac commercial amid a storm of outrage on social media. The casting notice, circulated on Twitter and Facebook, said an agency was looking for "any and all real alt-right thinkers/believers" and indicated the call was for a Cadillac advertisement to be filmed later this month. The alt-right is a loose grouping characterized by a rejection of mainstream politics that includes neo-Nazis, white supremacists and anti-Semites.
Prudential investigating Wells Fargo partnership after scandal
U.S. insurer Prudential Financial is investigating whether Wells Fargo employees signed up customers for its life insurance policies without their knowledge, a spokesman said on Saturday. Prudential has a partnership with Wells Fargo to sell a low-cost life insurance policy, known as MyTerm, to the bank's retail customers. According to a wrongful termination suit filed in New Jersey state court this week by three former managers in Prudential's corporate investigation division, Wells Fargo employees appear to have signed up bank customers for the Prudential policies without the customers' knowledge or permission.
Lawyers seek to launch fresh Brexit challenge in Irish courts
A group of British and Irish lawyers are seeking to challenge Britain's decision to leave the European Union in the Irish High Court to try to establish if Brexit can be reversed once divorce talks have been triggered. The lawyers hope the court in Dublin will ask the European Court of Justice, the EU's highest court, to determine whether Article 50 can be revoked and also if leaving the EU means that Britain automatically leaves the European Economic Area (EEA). European Council President Donald Tusk has said that Britain might ultimately decide not to leave the EU and that if it unilaterally withdrew its request to leave before the two years were up, then it could stay in the Union.
Coke CEO Muhtar Kent hands reins to Quincey in widely expected move
Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks. Quincey's ascension was widely expected since he became chief operating officer in August 2015 after jobs that included running Coke's businesses in Europe and Mexico over two decades. Kent, 64, will have completed nine years at the helm when he steps down in May, but he will continue as chairman of the board, a post he has held since 2009, Coke said.
U.S. agency concerned about destroyed, lost phones in VW probe
A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in a court filing dated Thursday there were 23 lost or broken mobile phones the FTC was not able to access, the agency said in the filing with the U.S. District Court in San Francisco. In November, the FTC said in court documents that it has been investigating since March whether Volkswagen Group of America destroyed documents related to its "Dieselgate" scandal.
All eyes focused on clues for future Fed hikes
Just how fast the Federal Reserve hikes rates next year will be the all-important question global investors will be hoping to get answered when the U.S. central bank meets next week. There is little doubt that the Fed will raise interest rates for the first time in a year on Wednesday, with markets pricing in a near 100 percent chance for a quarter percentage point increase in its target range. "While financial markets have gotten excited about the prospects of fiscal stimulus by the incoming administration, we expect that FOMC members won't incorporate such a scenario into their forecasts until it has been approved," they added.
Ex-Cantor Fitzgerald mortgage bond trader indicted in U.S. for fraud
David Demos, 35, was charged with securities fraud in an indictment filed in federal court in New Haven, Connecticut, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities. Demos, of Westport, Connecticut, appeared in court on Friday for an arraignment.
Hawkish Fed a potential speed bump for stock bulls
Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggressive stance on inflation and future hikes. Stocks have set a string of record highs since the Nov. 8 election on hopes of a pickup in U.S. economic growth, thanks to President-elect Donald Trump's promises of increased infrastructure spending, lower taxes and easier regulations.
US homebuilder confidence holds steady in November
Contextual App Folder: The coolest Android app you're not using
The best books to give Apple fans in 2016
Samsung wants to deactivate all Galaxy Note7s; Verizon says 'no'
Cartoon Network: Fostering the next generation of creators and coders
Getting a new MacBook Pro? You'll need this, too
The new MacBook Pros and the 12-inch MacBook include Thunderbolt 3/USB-C ports as their sole connections. In order to use some of the most popular peripherals, you'll need to have one of these accessories.
BlackBerry Secure: IoT security goes mobile with new enterprise platform
Electronics-sniffing dogs: How K9s became a secret weapon for solving high-tech crimes
How to fix Apache 2 not executing PHP files
Windows Server 2016: The smart person's guide
Two technique enhancements from readers during 2016
Veterans: An untapped workforce that could be the next revolution in tech employees
New innovation hub in Silicon Valley details the explosive growth of IoT
Poll: Can tech solve "fake" news?
Google's DeepMind 'Lab' opens up source code, joins race to develop artificial general intelligence
Microsoft, Intel partner on Project Evo to bolster efforts in AI, security, mixed reality
CIOs expect to increase hiring in 2017, here are the tech jobs that top their list
Windows 10 on your smartphone: Microsoft brings desktop apps to mobile
10 brain teasing questions to ask when interviewing IT professionals
Google famously asked interview candidates brainteasers like 'How many golf balls fit into a school bus?' Here are some similar puzzles, and reasons why this method can help you find the right applicant.
How to install and configure LDAP and phpLDAPadmin
How to use the Windows 10 View Your Network Properties feature to obtain detailed information
How to connect multiple Google cloud accounts to Grive2
Worried about identity theft? Then you should avoid these password pitfalls
Slack teams with Google Cloud, adds Docs preview, Drive Bot, and more
Learn cybersecurity basics with these essential YouTube videos
NIST's Cybersecurity Framework offers small businesses a vital information security toolset
Top 10 innovation trends to watch, according to Ford
How Amazon is moving closer to on-premises compute with Snowball Edge
Why geocoding is better than street addresses, and will power future tech and services
Fedora 25: Bleeding edge and bloody brilliant
Search news on another fundClick here to search for fund symbol