Business news

• A Bond ETF to Navigate Choppier Waters in Rising Rate Environment

  15-12-2016 23:55 via feeds.foxbusiness.com
  
  Each week, ETF Trends publisher Tom Lydon sits down for “ETF of the Week” for MarketWatch on Chuck Jaffe’s MoneyLife Show where he highlights big movers and losers among exchange traded funds. This week, Lydon looked at the PIMCO Low Duration Active ETF (LDUR). Since the elections, markets have focused on inflation and pro-growth potential under Trump presidency. Consequently, many…
  
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• Yahoo under scrutiny after latest hack, Verizon seeks new deal terms

  15-12-2016 23:42 via news.yahoo.com
  
  By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - Yahoo Inc came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc to demand better terms for its planned purchase of Yahoo's internet business. Verizon, which agreed to buy Yahoo's core internet business in July for $4.8 billion, is now trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect
  
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• An Alternative ETF Strategy to Capitalize on Rising Interest Rates

  15-12-2016 23:42 via feeds.foxbusiness.com
  
  With the Federal Reserve planning to steadily hike interest rates and normalize its monetary policy ahead, investors should consider a strategic interest-rate hedging exchange traded fund that gives could potentially continue to benefit from higher rates. Fixed-income investors have utilized long-short bond strategies to diminish rate risk, and the Sit Rising Rate ETF (NYSEArca: RISE)…
  
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• 1 Surprising Reason Intel Corporation Wants to Be a Contract Chip Maker

  15-12-2016 23:41 via feeds.foxbusiness.com
  
  Building chips for others could strengthen its own chip development capabilities.
  
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• Dow Chemical to convert $4 billion of preferred shares into equity

  15-12-2016 23:28 via news.yahoo.com
  
  (Reuters) - Dow Chemical Co said it would convert $4 billion of preferred shares, held by Warren Buffett's Berkshire Hathaway Inc and Kuwait's sovereign wealth fund, into common equity. Buffett bought 3 million preferred shares of Dow for $3 billion in April 2009, helping Dow finance its acquisition of chemical company Rohm & Haas, while Kuwait Investment Authority bought 1 million preferred shares of Dow for $1 billion.
  
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• MetLife expects higher interest rates to add $300 million to operating profit through 2019

  15-12-2016 23:23 via news.yahoo.com
  
  NEW YORK (Reuters) - MetLife Inc expects higher interest rates to add $300 million to operating profits through 2019, the insurer said in a filing on Thursday.
  
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• TSX, Wall Street gain as gold prices sink against a soaring U.S. dollar

  15-12-2016 23:17 via cbc.ca
  
  North American stock markets were able to eke out moderate gains despite the price of gold and the Canadian dollar heading lower against a strong greenback.
  
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• How to share folders between guest and host in VirtualBox

  15-12-2016 23:11 via techrepublic.com
  
  Data center managers, add this VirtualBox efficiency tip to your bag of tricks by simply following the steps to set up shared folders between VirtualBox host and guest.
  
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• 9 Things You Must Know About ETFs

  15-12-2016 23:10 via portal.kiplinger.com
  
  There's no question that exchange-traded funds are becoming a big part of the investor's toolkit. Assets in ETFs and similar exchange-traded products now exceed $2.3 trillion, nearly 10 times what they were a decade ago, according to the Investment Company Institute, the fund industry's trade group. Some ETFs try to enhance return by using leverage or by betting against the direction of the market.
  
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• Forget Vanguard Natural Resources, LLC: These 3 Stocks Are Better Buys

  15-12-2016 23:04 via feeds.foxbusiness.com
  
  The troubled upstream master limited partnership is teetering on the brink, which is why investors need to look elsewhere.
  
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• How General Motors Just Stepped Up Its Self-Driving Efforts

  15-12-2016 23:02 via feeds.foxbusiness.com
  
  GM said it will expand its self-driving test fleet to Michigan -- and it will soon produce self-driving electric Chevy Bolt test cars on the Bolt's regular assembly line.
  
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• 3 Key Opportunities for Match Group in 2017 and Beyond

  15-12-2016 22:56 via feeds.foxbusiness.com
  
  The leading online dating company has a number of lucrative opportunities on the road ahead.
  
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• How the DoD uses bug bounties to help secure the department's websites

  15-12-2016 22:47 via techrepublic.com
  
  Secretary of Defense Ash Carter instigated the Hack the Pentagon bug bounty. The success of that program lead the DoD to launch the Hack the Army initiative and a Vulnerability Disclosure Policy.
  
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• Which Plans Are Cheaper: HMOs or PPOs?

  15-12-2016 22:44 via feeds.foxbusiness.com
  
  Picking the right health insurance plan can be confusing, but HMOs usually have lower premiums.
  
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• 3 Biggest Risks for Celgene Corporation

  15-12-2016 22:41 via feeds.foxbusiness.com
  
  The biotech's future looks bright, but there are a few potential clouds on the horizon.
  
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• Wall Street rises, led by banks; Dow brushes against 20,000

  15-12-2016 22:38 via news.yahoo.com
  
  U.S. stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade. The Fed sees three rate hikes next year instead of the two foreseen in September, partly as a result of the fiscal stimulus expected to hit under President-elect Donald Trump. Trump's spending plans could trigger inflation and bring about higher interest rates, making banks a likely winning sector in the new administration.
  
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• How Bad Are Things for Chipotle? Just Listen to Management

  15-12-2016 22:36 via feeds.foxbusiness.com
  
  Founder Steve Ells spoke at an investor conference earlier this month and admitted that his company had taken its eye off the ball with customer service.
  
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• GM expands testing, production of self-driving cars in Michigan

  15-12-2016 22:24 via news.yahoo.com
  
  General Motors Co Chief Executive Mary Barra said on Thursday the automaker will expand testing of self-driving vehicles to Michigan, and will build its next generation of self-driving cars in the Michigan plant that builds the Chevrolet Bolt electric car. Separately, Barra declined to discuss a statement by a Chinese government official that a U.S. automaker could be subject to penalties for price-fixing. "I don't think anyone benefits from speculating on that," Barra told reporters at the even
  
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• How Risky Is Gilead Sciences Inc.?

  15-12-2016 22:20 via feeds.foxbusiness.com
  
  Evaluating the big biotech's likelihood of falling further.
  
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• AOL Co-Founder Steve Case: Yahoo Hack Gives Verizon Chance to Cut $4.8B Deal Price

  15-12-2016 22:20 via feeds.foxbusiness.com
  
  On Wednesday Yahoo disclosed that more than 1 billion user accounts were breached in a new cyber-attack, the largest in history.
  
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• Greece ETFs Take a Turn After Eurozone Suspends Debt Relief

  15-12-2016 22:07 via feeds.foxbusiness.com
  
  The once outperforming Greece exchange traded fund has quickly lost its momentum after the Eurozone and the International Monetary Fund suspended proposed debt-relief measures for the emerging economy. The Global X MSCI Greece ETF (NYSEArca: GREK) was once one of the better performing emerging market country-specific exchange trade funds in recent weeks, but the Greece…
  
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• 4 ways your company can avoid Yahoo-level stupidity in enterprise security

  15-12-2016 21:51 via techrepublic.com
  
  Yahoo recently confirmed a leak of one billion accounts, adding to its growing list of security woes. Here are four actions your company can take to prevent a similar debacle.
  
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• Which Cisco certifications will be in demand in 2017?

  15-12-2016 21:07 via techrepublic.com
  
  As 2016 winds down plenty of tech professionals are looking to expand their careers. Certifications are the way to do it in the IT world, and these five Cisco certs will be in high demand.
  
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• Judge: Stelco can move into exclusive negotiations with Bedrock

  15-12-2016 21:02 via cbc.ca
  
  Even though it’s not final, the step taken forward Thursday leaves uncertainty for union representatives of more than 13,000 pensioners and about 1,500 active workers at the company’s plants in Hamilton and Nanticoke, Ont.
  
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• Uber, California in legal showdown over self-driving cars

  15-12-2016 20:29 via cbc.ca
  
  Uber is refusing to obey demands by California's Department of Motor Vehicles that it immediately stop picking up San Francisco passengers in self-driving cars.
  
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• The Best Coffee Stocks of 2016

  15-12-2016 20:21 via feeds.foxbusiness.com
  
  After JAB Holdings' shopping spree, only Dunkin' Brands and Starbucks remain on the public markets. Here's who did better this year.
  
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• Instant Analysis: General Electric Company Prepares Investors for 2017

  15-12-2016 20:21 via feeds.foxbusiness.com
  
  The industrial giant laid out its aims for the coming year. Here's what it means to stockholders.
  
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• Why NetEase, Inc. Fell 13% in November

  15-12-2016 20:20 via feeds.foxbusiness.com
  
  In November the Chinese gaming company gave back some of the ample gains it's enjoyed this year.
  
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• Wal-Mart program: Stash cash in savings account, win prizes

  15-12-2016 20:17 via feeds.foxbusiness.com
  
  Wal-Mart has a new program that offers prizes as incentives to get its legion of shoppers to sock away money in saving accounts.
  
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• Fed Rate Hike Pulls Rug from Under Gold ETFs

  15-12-2016 19:56 via feeds.foxbusiness.com
  
  Gold prices and commodity-related exchange traded funds retreated to a 10-month low after traders shunned the hard asset on prospects for further interest-rate hikes next year in the wake of the Federal Open Market Committee’s decision. On Thursday, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares…
  
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• Gold Futures Settle Nearly 3% Lower On Fed-induced Dollar Rally

  15-12-2016 19:55 via feeds.foxbusiness.com
  
  Gold futures dropped nearly 3% Thursday to settle at their lowest level since early February as the Federal Reserve's U.S. interest-rate hike and the potential for more aggressive moves in the new year fueled a rally in the dollar.
  
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• Why Nuance Communications, Inc. Rose 15.6% in November

  15-12-2016 19:50 via feeds.foxbusiness.com
  
  Shares of the voice and language software provider bucked a yearlong trend in November.
  
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• 3 Stocks You Can Buy and Hold Forever

  15-12-2016 19:48 via feeds.foxbusiness.com
  
  Want a stock you can hold in a portfolio that will be relevant when your grandkids are investing? Take a look at Waste Management, Berkshire Hathaway, and Canadian National Railway.
  
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• Verizon considers changing Yahoo deal after latest breach

  15-12-2016 19:39 via news.yahoo.com
  
  Verizon Communications Inc is looking at ways to modify its $4.8 billion deal to buy Yahoo Inc's core internet business after the technology company disclosed a second massive data breach, sources told Reuters on Thursday. Yahoo Inc shares fell almost 5 percent after the breach of data belonging to more than 1 billion users was disclosed, following another large hack reported in September. Verizon is seeking to persuade Yahoo to amend the terms of the acquisition agreement made in July to reflec
  
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• U.S. banks must pay up to $2 billion more per year to shield taxpayers: Fed

  15-12-2016 19:36 via news.yahoo.com
  
  The largest U.S. banks will have to pay as much as $2 billion more a year to insure against a future market collapse, the U.S. Federal Reserve said on Thursday, as it outlined a new rule designed to further protect the financial system. The rule demands Wall Street holds more debt that could be converted to shareholder equity if a bank is pushed to bankruptcy. Half of the eight largest U.S. banks would need to issue roughly $50 billion in fresh debt to satisfy the new standard, known as Total Lo
  
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• Mastercard and Visa Stock Upgraded: 2 Final "Trump Trades"?

  15-12-2016 19:34 via feeds.foxbusiness.com
  
  Why Wall Street thinks it's time for Visa and Mastercard to shine.
  
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• Wall Street hovers near record high after Fed rate hike

  15-12-2016 19:24 via news.yahoo.com
  
  Fed Chair Janet Yellen also cited an improving labor market and evidence of faster inflation for its 2017 rate outlook. The central bank's decision to raise rates comes as Trump, who will be sworn in next month, is expected to cut taxes and boost spending on infrastructure. "Investors are buying Yellen's story that the rate hike is a vote of confidence in the economy," said Dave Donabedian, chief investment officer of Atlantic Trust in Boston.
  
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• 2016: The year Microsoft regained its mojo

  15-12-2016 19:17 via techrepublic.com
  
  2016 marked a turnaround for software stalwart Microsoft. Once again, it's a company worth following by IT leaders.
  
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• Blackberry says China's TCL to make BlackBerry-branded devices

  15-12-2016 19:12 via news.yahoo.com
  
  (Reuters) - BlackBerry Ltd said China's TCL Communication Technology Holdings Ltd would make and sell BlackBerry-branded mobile devices globally, the Canadian smartphone pioneer's first licensing deal since its transition to a software company. The devices made by TCL, which also makes Alcatel-branded mobile devices, will be coupled with BlackBerry's security software and service suite, the company said on Thursday. BlackBerry is betting its future on the more profitable business of making softw
  
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• TD Bank nudges up mortgage rates again

  15-12-2016 18:51 via cbc.ca
  
  TD said it is bumping up some of its closed mortgage rates, matching some moves last month by competitor RBC.
  
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• Yahoo shares fall on worries new breach will kill Verizon deal

  15-12-2016 18:43 via news.yahoo.com
  
  Silicon Valley-based Yahoo said late on Wednesday that it had uncovered a 2013 cyber attack that compromised data of more than 1 billion user accounts, the largest breach in history. Yahoo shares were down 5.2 percent at $38.79 in midday trade as the latest disclosure cast new doubt on whether Verizon Communications Inc would proceed with a $4.83 billion agreement to buy Yahoo's core internet business, struck in July.
  
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• U.S. states sue Mylan, Teva, others for fixing drug prices

  15-12-2016 18:32 via news.yahoo.com
  
  The civil lawsuit is one piece of a broader generic drug pricing probe that remains under way at the state and federal level, as well as in the U.S. Congress. The lawsuit, filed in the U.S. District Court for the District of Connecticut, names Heritage Pharmaceuticals Inc as a "ring leader" of the price manipulation, and also lists Mayne Pharma , Aurobindo Pharma and Citron Pharma LLC as participants.
  
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• Rising rents lift U.S. inflation; labor market tightens

  15-12-2016 18:26 via news.yahoo.com
  
  Rising rents lifted underlying U.S. inflation in November, pointing to a steady build-up of price pressures in the economy that could support more interest rate increases from the Federal Reserve next year. The Fed raised interest rates on Wednesday for the second time since the 2007-2009 financial crisis and forecast three rate hikes in 2017. In addition to rising oil prices and a tight job market, inflation is likely to get a boost from U.S. President-elect Donald Trump's proposed expansionary
  
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• New York regulator fines Italy's Intesa Sanpaolo $235 million

  15-12-2016 18:12 via news.yahoo.com
  
  Intesa Sanpaolo SpA , Italy's biggest retail bank, agreed on Thursday to pay New York state's financial regulator a $235 million fine for anti-money laundering failures and violations of bank secrecy laws, officials said. Intesa Sanpaolo and its New York branch mismanaged its transaction monitoring system and failed to identify suspicious transactions involving shell companies, the New York State Department of Financial Services said in a statement.
  
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• Murdoch's Fox agrees $14.6 billion Sky deal to expand empire

  15-12-2016 18:09 via news.yahoo.com
  
  Rupert Murdoch's Twenty-First Century Fox has struck a $14.6 billion deal to buy European pay-TV firm Sky that unites a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox said it would pay 10.75 pounds per share - or 11.7 billion pounds - for the 61 percent of Sky it does not already own to control a business with 22 million customers in Britain, Ireland, Italy, Germany and Austria. People familiar with the matter told Reuters the American
  
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• Happy Holidata! Your spending potential revealed

  15-12-2016 18:03 via techrepublic.com
  
  Cambridge Analytica, the Trump campaign's data company, used its massive cache of 220 million records to build a tool that helps consumers better understand what companies know about them.
  
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• Stock Basics: 5 Scenarios When Selling Stocks Makes Sense

  15-12-2016 17:50 via portal.kiplinger.com
  
  Hint: It has nothing to do with the market, and everything to do with your personal circumstances.
  
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• Wall Street rises as banks jump on interest rate outlook

  15-12-2016 17:38 via news.yahoo.com
  
  Fed Chair Janet Yellen also cited an improving labor market and evidence of faster inflation for its 2017 rate outlook. The central bank's decision to raise rates comes as Trump, who will be sworn in next month, is expected to cut taxes and boost spending on infrastructure. "Investors are buying Yellen's story that the rate hike is a vote of confidence in the economy," said Dave Donabedian, chief investment officer of Atlantic Trust in Boston.
  
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• Bank of Canada warns about huge mortgages, growing housing debt

  15-12-2016 17:37 via cbc.ca
  
  Nearly a third of recent Canadian homebuyers with so-called high-ratio mortgages wouldn't qualify for their loans under new rules recently implemented by the federal government.
  
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• IBM Watson coming to BMW's i8 supercar

  15-12-2016 17:25 via techrepublic.com
  
  IBM and BMW recently announced that they would be joining forces in Munich, Germany, working together on future innovations for connected cars.
  
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