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Goldman steps up hiring of women, minorities worldwide

NEW YORK ( ) – Goldman Sachs Group Inc (GS.N) wants women to make up half of its global workforce, starting with new analysts by 2021, the Wall Street bank said on Thursday, as it stepped up efforts to address gender and racial imbalance across the board.

“The advancement of women in the workplace – and more broadly the state of diversity at our firm – is top of mind for all of us,” Chief Executive Lloyd Blankfein and President and co-Chief Operating Officer David Solomon said in an internal memo posted on its website.

“While we have made progress in recent years on women’s representation and ethnic and racial diversity, there is still significant progress to b,上海高端夜生活在那里Dakota,e made,” they said.

Solomon said in January that despite some progre上海夜生活ss in recent years, the fifth largest U.S. bank had not raised the proportion of women in its workforce to an adequate level, particularly in senior management.

Sources close to Solomon, who earlier this week effectively became CEO-in-waiting after another likely successor announced his retirement, describe him as a strong advocate for diversity.

Goldman’s initial target is to have 50 percent of women in its incoming analyst class by 2021, according to the memo. The percentage of women in its 2018 full-time analyst class was in the hig,上海夜生活群Tallulah,h-40s, up from the low-40s last year.

The bank is ,上海新夜网龙凤Barney,also striving to hire more women and diverse professionals from other companies, the memo said.

Factbox: The race to the U.S. presidential nominations: How…

( ) – The nominating contests that will determine the Democratic and Republican nominees for the Nov. 8 U.S. presidential election are about to enter a critical phase. On March 1, known as Super Tuesday, primaries or caucuses will be held in about a dozen states, and they could be turning points in both parties.

But the key to winning the nomination for each party is ultimately not about the popular vote. It is about securing the number of delegates needed to win the nomination at each party’s convention – July 18-21 in Cleveland for the Republicans and July 25-28 in Philadelphia for the Democrats.

Like so many things in politics, there are twists and turns in how the popular vote is used to ultimately select each party’s candidate.

The following is a guide to the nominating process:

Q: Is the delegate selection process the same for the Republican and Democratic parties?

A: No. The parties set their own rules. One thing that is the same is that at each party convention, a candidate only needs to reach a simple majority of the delegate votes to win the nomination.

Q: How many delegates are there?

A: The Democratic convention will be attended by about 4,763 delegates, with 2,382 delegates needed to win the nomination. The Republican convention will be attended by 2,472 delegates, with 1,237 delegates needed to win.

Q: I keep hearing about “superdelegates.” Are they different from other delegates? Do both the Republicans and Democrats have superdelegates?

A: Superdelegates, officially known as unpledged delegates, are a sort of wild card in the nominating process, but only the Democrats have them.

The category was created for the 1984 Democratic convention, and according to political scientists, they are a legacy of the 1980 convention when there was a fight for the nomination between President Jimmy Carter, who was seeking a second term in the White House, and Senator Edward Kennedy of Massachusetts. Members of Congress were frustrated by their lack of influence, because delegates elected to support one candidate could not switch to support another. So Democratic members of the House of Representatives led an effort to win a role for themselves. That resulted in the creation of superdelegates. Unlike other delegates, superdelegates may change what candidate they are supporting right up to the convention.

There is no fixed number of superdelegates because the group is defined by various categories whose members change from one election cycle to another. Here is who gets to be a superdelegate:

All Democratic members of the House of Representatives and the Senate; the Democratic governors; the Democratic president and vice president of the United States; former Democratic presidents and vice presidents; former Democratic leaders of the U.S. Senate; former Democratic speakers of the House and former Democratic minority leaders. Throw in the members of the Democratic National Committee and the former chairs of the DNC and上海夜生活 you finally have the whole pool of superdelegates.

Q: What about the other delegates? Do they get to choose which candidate to support?

A: Both the Democratic and Republican parties send delegates to their conventions based on the popular vote in the primary elections and caucuses held in each of the 50 states. But the parties have different rules on how delegates are allotted to a candidate.

The Democratic Party applies uniform rules to all states. In each state, delegates are allocated in proportion to the percentage of the primary or caucus vote in each district. But a candidate must win at least 15 percent of the vote to be allocated any delegates.

The Republican Party lets states determine their own rules, although it does dictate some things. Some states award delegates proportionate to the popular vote, although most such states have a minimum percentage that a candidate must reach to win any delegates. Some other states use the winner-take-all method, in which the candidate with the highest percentage of the popular vote is awarded all the delegates. Other states use a combination of the two methods.

States that use the proportionate method may instead use the winner-take-all method if one candidate wins more than 50 percent of the popular vote.

In addition, the Republican Party requires that all states with nominating contests held between March 1 and March 14 use the proportional method, meaning that all the states holding votes on Super Tuesday will have to award delegates proportionally.

Q: What happens to delegates if a candidate drops out of the race?

A: Another good question, because we have certainly seen that happen this year.

For the Democratic Party, in every state, delegates are reallocated to the remaining candidates.

For the Republican Party, it varies by state. In some states, delegates are required to stick with their or,上海021夜网Fabi,iginal candidate at least through the first ballot at the Republican National Convention. In some other states, if a candidate drops out, his or her delegates may immediately pledge to another candidate. There is also a middle ground in which those delegates are reallocated to the remaining candidates.

REPUBLICANS ,上海夜生活群Cain,

Donald Trump 7 10 50 14 81

Ted Cruz 8 3 0 6 17

Marco Rubio 7 3 0 7 17

John Kasich 1 4 0 1 6

Ben Carson 3 0 0 1 4

DEMOCRATS

Hillary Clinton 23 9 19 ,上海夜生活Nadine, 51

Bernie Sanders 21 15 15 51

**Winner-take-all

SOURCES:

Republican National Committee: here

here

Democratic National Committee: here

Battlopedia: here

Vote for Bernie: here

http://www.realclearpolitics.com

here

here

www.demconvention.com/

Written by shyw on  Categories: tgnkovyn Tags: , ,

JPMorgan invests in fixed-income data startup

( ) – JPMorgan Chase & Co (JPM.N) has made a strategic,夜上海论坛Hadrian, investment in Mosaic Smart Data, a company that has developed technology to help banks make their fixed-income sales and trading businesses more 上海夜生活profitable.

The bank, whose fixed-income revenue slumped last year, has taken a minority stake in the London-based startup, the companies said in London on Wednesday.

The financial terms of the deal were not disclosed.

Mosaic will use the funding to double its headcount and expand its platform to cover additional asset classes for new and existing clients, according to a person familiar with the deal.

The investment comes after JPMorgan revealed in October that it had signed a multiyear deal to use Mosaic’s technology globally.

Mosaic sells technology that collects and analyzes data from the fixed-income trading divisions of banks to help them make more informed decisions and secure more deals.

The platform helps visualize data and can be used traders to figure out which clients are more likely to be interested in a given deal. It can also be used by bank bosses to determine which trading desk or trader has been performing better.

The investment comes as financial institutions look to adopt more technology tha,上海高端夜生活在那里Nadia,t can help them take advantage of the vast amounts of data they store.

Banks have also been looking for ways to deal with a liquidity crunch in fixed-income markets. Tougher post-financial crisis capital requirements have made it more expensive for them to act as ma,上海夜网Jacklyn,rket makers in some fixed-income assets, leading their fixed-income divisions to slump.

JCDecaux open to bidding for U.S. peers but nothing planned: CEO

PARIS ( ) – French outdoor advertisin,上海夜网推油Sabrina,g company JCDecaux (JCDX.PA) could consider bidding to take over U.S. competitors Clear Channel (CCO.N) or Outfront Media (OUT.N) but nothing is planned in the short term, its chief executive said on Saturday.

A possible bid by the French group for one of its smaller U.S. rivals has been discussed for over a year although it had said there was not yet a reasonable price.

Asked about potential acquisition projects for Clear Channel and Outfront Media, JCDecaux CEO Jean-Charles Decaux told finance weekly Les Echos-Investir: “Both could make sense but nothing is planned in the short term.”

“We have risen to the highest rank in ,上海夜网邀请码Tabitha,all geographical areas except the United States, the world’s largest advertising market, where we are number four. If we had to do a structu上海夜网rally important deal, it would probably be in the United States, which has the potential to become our top geographical area,” he said.

To fund a merger or acquisition the Decaux family, which owns 64 p,夜上海419龙凤论坛Rae,ercent of the group, could take part in a capital increase but would keep a majority share.

“We will be very picky, very vigilant, about the financial conditions. This must make sense operationally and strategically, but also from a financial point of view.”

Self-driving car industry faces critical test after first death

WASHINGTON ( ) – The death of a woman in Arizona struck by a self-driving car with no human control, the first fatality involving a fully autonomous vehicle, is an event the nascent industry has long dreaded and comes at a sensitive time.

Monday’s accident involving an Uber Technologies Inc car is shaping up as the first significant test of how policy makers and the public will respond to the new technology. The incident occurred as companies have been pushing for regulatory clearance to offer self-driving car ride services as soon as next year. On Friday, Uber and Alphabet Inc’s Waymo car unit had written U.S. senators urging them to approve sweeping self-driving car legislation “in the coming weeks.”

Automakers and technology companies such as Uber, General Motors Co and Toyota Motor Corp have made substantial investments that hinge on significant revisions to existing vehicle safety regulations written under the assumption that a licensed human would always be in control of a vehicle.

Auto and technology industry officials have warned that there could be accidents and deaths involving self-driving cars, but they have,上海夜生活乌托邦Kaiden, said countless additional lives would be saved as robotic systems programmed to obey traffic laws took over for distracted, sleepy or impaired human drivers.

Mark Rosenker, a former chairman of the National Transportation Safety Board, said on Monday the public should not overreact to the Uber incident. He noted that 6,000 pedestrians and nearly 40,000 people die annually on U.S. roads in more than 6 million crashes annually.

“This is going to be a unfortunate obstacle that we are going to have to deal with to regain (the public’s) belief that these devices are safe,” Rosenker said.

The incident prompted Uber to suspend all testing of self-driving cars.

The immediate impact of the fatality may be to further delay or change a landmark bill pending in Congress to speed the testing of self-dri,上海夜生活网419Balthazar,ving cars that was already stalled by objections from a handful of Democrats over safety concerns.

Senator John Thune, a Republican who chairs the Commerce Committee, said the “tragedy underscores the need to adopt laws and policies tailored for self-driving vehicles.”

However, two Democratic U.S. senators on Thune’s committee, Ed Markey of Massachusetts and Richard Blumenthal of Connecticut, said the Uber incident demands a tough response.

“This tragic incident makes clear that autonomous vehicle technology has a long way to go before it is truly safe for the passengers, pedestrians, and drivers who share America’s roads,” Blumenthal said in a statement.

The Trump administration has been working to dismantle regulatory roadblocks to self-driving cars, but it has also said it is focused on ensuring safety. “The goal is to devel,夜上海419龙凤论坛Naia,op common sense regulations that do not hamper innovation, while preserving safety,” Transportation Secretary E上海夜网laine Chao said on March 1. A spokesman for Chao had no additional comment Monday.

Chao is reviewing a petition that GM filed in January with NHTSA requesting an exemption to have a small number of autonomous vehicles operate in a ride-share program without steering wheels or human drivers.

The International Brotherhood of Teamsters said Monday in a statement the incident demonstrated “there are enormous risks inherent to testing unproven technologies on public roads. It is critical that pedestrians and drivers are safeguarded.”

Former U.S. Transportation Secretary Anthony Foxx said Monday the incident is a “wake up call to the entire AV industry and government to put a high priority on safety.”

In September, the U.S. House of Representatives unanimously passed a measure that would allow automakers to win exemptions from safety rules that require human controls. A Senate version would allow automakers, within three years, to each sell up to 80,000 self-driving vehicles annually if they could demonstrate to regulators they are as safe as current vehicles.

Concerns over the safety of autonomous vehicles flared in July 2016 when a man driving a Tesla Model S in semi-autonomous “Autopilot” mode died when his car struck a tractor-trailer.

In January 2017, federal safety regulators concluded there was no defect in the Tesla Autopilot system, and that the driver should have maintained control.

Britain shrugs off Brexit to enjoy boom in dealmaking

LONDON ( ) – British companies have been swept up in a global boom in dealmaking that has seen the amount of M&A involving UK firms hit its highest level ,上海夜网后花园Eason,since 2007.

Britain’s M&A market has remained buoyant despite the country’s looming exit from the European Union a year from now, a prospect which has cast uncertainty over British companies’ access to the single market.

Rather than deter businesses from striking deals, however, it has prompted them to prepare for Brexit by acquiring rivals to build scale.

The availability of cheap debt, high equity valuations that are allowing companies to use their stock to pay for acquisitions, and economic growth are all behind the surge in M&A, bankers said.

The value of M&A volumes involving British businesses rose by 56.5 percent to $164.3 billion during the first quarter, the most since the $166.3 billion recorded in the same period 11 years ago, Thomson data show.

Including plans by Anglo-Dutch Unilever and RELX to abandon their dual listing structures, total deal levels hit $280.8 billion in the first three months of 2018 in the UK, according to the data.

It means that Britain remained the second biggest country for deals behind the United States. Globally, dealmaking surged 67 percent to almost $1.2 trillion, the data show.

In Britain this week alone, U.S. exchange operator CME Group (CME.O) agreed to buy British financial technology firm NEX NXGN.L for about 3.9 billion pounds ($5.5 billion) and Japan’s Takeda Pharmaceutical (4502.T) said it was considering an approach for FTSE 100 drugmaker Shire SHP.L, which has a market value of about 32 billion pounds.

“This feels like it’s going to be a big year for M&A,” said Alison Harding-Jones, the head of European, Middle East and Africa M&A at Citigroup. “This is not just U,上海夜网千花Babette,K based and is driven by a perfect storm of all the ingredients you need for deals.”

“BREXIT SQUEEZE”

British companies are bulking up in preparation for the post-Brexit era.

Dwayne Lysaght, the head of UK M&A at JP Morgan Cazenove, said there is “a bit of a Brexit squeeze which is encouraging a focus on domestic consolidation.”

“British companies are acknowledging the need to be bigger to compete in a more open, global market place,” he added.

Domestic deals totaled $43.3 billion in value during the first quarter, up from $24.9 billion a year earlier, the Thomson data show.

They include events and exhibitions business Informa’s (INF.L) 3.9 billion-pound deal to acquire rival UBM UBM.L and the sale of Standard Life Aberdeen’s (SLA.L) insurance business to Phoenix (PHNX.L) for 3.2 billion pounds.

The biggest is Melrose Industries (MRON.L) 8 billion-pound takeover of aerospace and automotive parts supplier GKN GKN.L, which was Britain’s largest hostile bid since Kraft swooped on Cadbury in 2009. Melrose clinched the deal on Thursday after 52.4 percent of GKN investors accepted its cash-and-shares offer.

Stripping out Unilever and RELX, outbound M&A volumes were$27.2 billion, down from $42.3 billion in 2017, while inbound deals rose to $77.9 billion pounds, from $17.5 bil上海夜网lion a year earlier, according to the data.

TOP OF THE MARKET?

The biggest bid by an overseas acquirer for a British group was Comcast’s (CMCSA.O) potential 22.1 billion-pound proposal for Sky SKYB.L, an attempt by the U.S. giant to gatecrash the takeover the broadcaster agreed with its 39 percent shareholder Twenty-First Century Fox (FOXA.O) late in 2016.

Both Fox’s pending bid for Sky and Melrose’s acquisition of GKN have drawn considerable scrutiny from British lawmakers.

The former has raised concerns about Rupert Murdoch’s influence over the UK media landscape, while the latter has sparked fears Melrose will break up GKN, a mainstay of Britain’s engineering sector, once it has turned the company around.

Indeed, under Theresa May, who became prime minister in July 2016, the British government has adopted a more interventionist stance toward M&A by foreign companies.

In October, it proposed new rules that would give lawmakers more say over takeovers of firms involved in the more sensitive technology and defense sectors.

Even so, that stance has not deterred overseas businesses from attempting to buy British firms, said Dominic Morris, the head of UK M&A at law firm Allen & Overy.

“Yes, you could argue the government’s being more activist to some degree and people have to be mindful of that,” he said. “But do I think it’s right up there at the top of (acquirer’s) a,上海夜生活Rae,genda? I’m not sure it is.”

More worrying for the M&A bankers and lawyers would be if the current boom in deals proved to be the top of the cycle, as it was 11 years ago, and activity begins to falter.

“It feels very similar to 2007,” said Morris. “I would say if we’re not at the top of the market, we must be pretty close to it.”

Weinstein Co says its bankruptcy filing won’t protect ex-chairman

NEW YORK/CHICAGO ( ) – The Weinstein Company’s bankruptcy filing will not protect ex-Chairman Harvey Weinstein, who has been accused of sexual harassment and assault, an attorney for the studio told U.S. Bankruptcy Court Judge Mary Walrath on Tuesday.

“We are not here to protect Harvey Weinstein,” attorney Paul Zumbro said. “(The Weinstein Company) filing for bankruptcy relief in no way affects anyone’s ability to pursue civil or criminal claims against Harvey Weinstein.”

Wein,上海凤楼夜网Ebba,stein, who co-founded the company with his brother Bob and once was one of Holly,上海夜网后花园Mace,wood’s most influential men, has been accused of sexual misconduct including rape by more than 70 women. He has denied having non-consensual sex with anyone. It has been unclear how his 上海夜生活论坛alleged victims would be treated in a potential bankruptcy filing.

The Weinstein Company filed for bankruptcy late Monday after it spent months looking for a buyer or investor. Texas private equity firm Lantern Capital agreed to buy the Company out of bankruptcy for $310 million, setting the floor for other bidders in a court-supervised auction scheduled for later this spring.

The bankruptcy will halt victim’s lawsuits against the company and any sexual misconduct claims would likely be compensated only after secured creditors are paid in full. A failed offer for the studio from former Obama administration official Maria Contreras-Sweet included an $80 million to $90 million compensation fund that would supplement any insurance payouts victims would receive.

As part of the bankruptcy filing, the Weinstein Company said it released anyone “who suffered or witnessed any form of sexual misconduct by Harvey Weinstein” from nondisclosure agreements.

“Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers. Effective immediately, those ‘agreements’ end,” the company said in an emailed,上海夜网邀请码Radley, statement.

In court Tuesday, the film studio also received approval to tap some of its bankruptcy loan to make payroll for its remaining employees.

The Weinstein Company, which has won 28 Academy Awards, owns a film library of 277 feature films that have generated over $2 billion in aggregate box office receipts worldwide.

Yet the company said in court papers it has lost about 25 percent of its workforce and many of its longtime business partners since October 2017, when accusations against Harvey Weinstein became public.

“It is an understatement to say that the last six months have been trying for the company,” Chief Restructuring Officer Robert Del Genio said in court papers.

The studio has spent months looking for a buyer or investor. Before the deal with Contreras-Sweet failed, the company had tried securing rescue financing from other investors.

Lions Gate Entertainment Corp had made an earlier offer for some of the company’s assets, as had Qatar-owned film company Miramax, which was founded by Harvey Weinstein and Bob Weinstein. Both could be among potential bidders in the auction.

Movie producer Killer Content also said bankruptcy would be the best option for the company and that it may be interested in the studio’s assets in a bankruptcy auction.

Launched in October 2005, the studio produced and distributed critically acclaimed hits including “The King’s Speech” and “Silver Linings Playbook,” as well as TV series such as long-running fashion reality competition “Project Runway.”

Kerry urges Congress not to rush to renew Iran sanctions measure

WASHINGTON ( ) – Secretary of State John Kerry urged Congress on Thursday not to rush to renew the Iran Sanctions Act (ISA), a broad U.S. law imposing sanctions over Iran’s nuclear and missile programs that expires at the end of the year.

“I wouldn’t advise that for a number of reasons,” Kerry told the House of Representatives Foreign Affairs Committee at a hearing on the State Department’s budget.

Many lawmakers have been pushing to renew the ISA quickly, to send a message to Tehran that Congress is still taking a hard line over its nuclear program, missile development and human rights record.

The effort could set up another showdown over Iran between the administration and the Republicans who control Congress.

Every Republican in Congress, and several of President Barack Obama’s fellow Democrats, opposed the agreement announced in July in which Te上海夜网hran agreed to curb its nuclear program in exchange for sanctions relief.

House Republican,上海夜网千花Jackson,s early this month passed legislation to restrict Obama’s ability to lift sanctions under the nuclear pact. The Senate has not taken it up and Obama has threatened a veto, and lawmakers are discussing alternatives.

“If the administration isn’t supportive o,上海高端夜生活在那里Radcliff,f this renewal (of the ISA), not only are we preventing the possibility of a s,上海晚上耍女人的地方Caitlin,napback, but from the standpoint of myself and many of the members of this committee, we’re also giving relief on missiles,” said Representative Ed Royce, the Republican committee chairman.

Iran tested ballistic missile technology in October, prompting the United States to impose new sanctions in January, but many members of Congress want a stronger response.

Kerry said lawmakers should allow more time to see how Iran responds to the international nuclear agreement, which went into effect only last month.

He argued that sanctions can be imposed quickly if Iran is found to violate terms of the nuclear deal or other agreements.

Kerry was asked about reports that Iran will enjoy a windfall of up to $150 billion from the nuclear agreement as money frozen under the sanctions regime is released. He said the total likely would be about one-third of that level, and currently is far lower.

“Our estimates are it’s somewhere in the vicinity of $50 to $55 billion at some point in time but it’s way below that right now.” Kerry said. “And in fact, they are complaining about the slowness with which there has been a process of repatriation.”

Salesforce to buy MuleSoft for $5.9 billion

( ) – Salesforce.com Inc (CRM.N) said on Tuesday it would buy U.S. software maker MuleSoft Inc MULE.N for about $5.90 billion in a cash-and-stock deal, illustrating CEO Marc Benioff’s push to bolster the company’s cloud-based portfolio with new technology.

MuleSoft shareholders would get $36 in cash and 0.0711 of a Salesforce share, or $44.89 per share, representing a premium of 36 percent to Mulesoft’s Monday close.

MuleSoft shares were up 5 percent in extended trading after rising 27 percent during the day. Salesforce share上海夜生活网s were down more than 2 percen,上海夜生活服务Macey,t after the bell.

Including debt, the deal was valued at $6.5 billion, the companies said in a joint statement.

“It is really a natural fit for Salesforce to own Mule,” Steve Koenig, analyst at Wedbush Securities said.

“Salesforce usually helps customers move to the cloud and digitally transform their business that often starts with CRM, so having Mule helps eliminate friction as customers transform their business and to provide a more complete solution,” he said.

,上海夜生活男人好去处Barrett,

MuleSoft listed on the New York Stock Exchange on March 17 last year at $17 apiece. It closed up 40 percent on the f,上海晚上耍女人的地方Barbara,irst day of trading, giving it a market value of nearly $3 billion.

Salesforce Ventures, the company’s venture capital arm, led a $128 million funding round in MuleSoft in 2015.

Salesforce holds more than 18 percent of the global customer relationship management software market, followed by Oracle Corp (ORCL.N) with 9.4 percent, according to 2016 figures provided by research firm IDC.

MuleSoft makes software that provides enterprises with tools to automatically integrate various applications, devices and disparate data to help businesses networks run faster. It counts Coca-Cola Co (KO.N), McDonald’s Corp (MCD.N), Salesforce and Spotify (SPOT.N) among its customers.

had reported about the deal earlier on Tuesday.

BofA Merrill Lynch is Salesforce’s financial adviser and Goldman Sachs advised MuleSoft.

U.S. tech derails global stock market rally

NEW YORK ( ) – U.S. stocks sank in late trading on Tuesday, with faltering technology shares reversing a global stock rally that had swept through Asia and Europe.

Trading sessions in Asia and Europe had ended on a high note as trade fears ebbed, while U.S. equities sold off sharply in the afternoon just a day after turning in their best performance since August 2015. Tech shares tumbled partly on concerns about regulation of social media.

MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 0.55 percent after sol,上海夜哪里艳遇Barrett,id gains for much of the day.

“In the absence of earnings data between last quarter and this, the market has allowed its imagination to get the best of it,” said Steve Chiavarone, portfolio manager at Federated Investors Inc.

“What we’ve done is we’ve restored the skepticism that has been the keystone of the wall of worry that the market’s been climbing.”

The S&P 500 is down 2.3 percent this year, in price terms, with investors burdened by the prospect of trade conflict undermining growth but also by fear that strong economic growth could spark inflation and harsh action by the Federal Reserve.

The S&P 500 spent most of the day above Monday’s closing prices, sometimes barely, but then deteriorated sharply in the afternoon. Once high-flying, technology stocks were the worst-performing sector, leaving a market led by defensive utilities shares.

Facebook Inc (FB.O) led technology stocks lower, d上海夜网own 4.9 percent as the scandal over the use of data by political consultants widened after a whistleblower said Canadian company AggregateIQ had developed a program to target Republican voters in the 2016 U.S. election.

Other developments weighed on Alphabet Inc (GOOGL.O), Nvidia Corp (NVDA.O), Tesla Inc (TSLA.O) and Twitter Inc (TWTR.N), and the U.S. Conference Board’s consumer confidence data released on Tuesday was also weaker than expected.

The Dow Jones Industrial Average .DJI fell 344.89 points, or 1.43 percent, to 23,857.71, the S&P 500 .SPX lost 45.93 points, or 1.73 percent, to 2,612.62 and the Nasdaq Composite .IXIC dropped 211.74 points, or 2.93 percent, to 7,008.81.

The day had started on better footing.

Reports of behind-the-scenes talks between Washington and Beijing spurred optimism that U.S. President Donald Trump’s protectionist shift is more about gaining leverage in trade talks than isolating the world’s biggest economy with tariff barriers that would stifle global growth.

White House officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors, reported, citing a person familiar with the discussions.

The Asian trading session left Japan’s Nikkei share index .N225 with a 2.7 percent gain for its best day in almost three months. A stronger Chinese currency CNY= against the U.S. dollar showed signs of optimism ,上海夜生活Jace,on trade. Emerging market stocks .MSCIEF rose 0.3 percent, and copper CMCU3 gained 0.8 percent.

During European trading, currencies pivoted, with the yuan snapping back lower.

Data showed lending to euro zone companies slowed last month, and European Central Bank Governing Council member Erkki Liikanen said underlying euro zone inflation may remain lower than expected even if growth is robust. Those factors helped the euro lower but pushed exporters’ stocks in the region higher.

The pan-European FTSEurofirst 300 index .FTEU3 rose 1.2 percent.

The dollar index .DXY rose 0.4 percent, with the euro EUR= moving lower on a relative basis. The yuan fell 0.2 percent against the greenback while the Japanese yen JPY= was flat.

Even with U.S. government bond investors facing a record $294 billion of new supply this week, strong buying lifted safe-haven Treasuries, with the 10-year yield hitting its lowest levels in over six weeks as stocks turned negative.

The yield on 10-year Treasury notes US10YT=RR was down to 2.775 percent, from 2.841 percent late on Monday.

Spot gold XAU= dropped 0.6 percent to $1,34,上海夜生活桑拿会所Paige,4.82 an ounce, while benchmark Brent oil LCOc1 was last at $69.49 per barrel, down 0.9 percent.

Written by shyw on September 14, 2017 Categories: yhlaanmq Tags: , , ,

Trump says will not attend next Republican presidential debate

WASHINGTON ( ) – Republican front-runner Donald Trump said on Wednesday he would not attend the next televised Republican presidential debate scheduled ,上海高端夜生活在那里Faith,for next Monday.

“I think we’ve had enough debates,” Trump, who won three states in Tuesday’s nominating contests, told Fox News in an interview.

Fox on Monday announced the new debate, its latest in the primary season as the party chooses its candidate ahead of the Nov. 8 presidential election.

Trump said he had scheduled a major speech the same night – before the American Israel Public Affairs Committee – and was surprised to hear Fox had planned another debate.

“How many times can the same people ask you the same question?” Trump a,上海夜生活群Mabel,sked. “So I was very surprised when I heard that Fox called for a debate. Nobody told me about it and I won’t be there, no.”

The pro-Israel lobby group holds its annual policy convention in Washington Sunday through Tuesday and has confirmed both Trump and Democratic presidential front-runner Hillary Clinton as speakers. It has not issued a formal schedule.

It would not be the first time Trump has skipped a debate.上海夜生活论坛 He also,上海夜网邀请码Dalton, sat out the Fox News/Google debate on Jan. 28, after complaining of unfair treatment in a previous Fox debate.

Drillers give tepid response to record U.S. offshore lease sale

( ) – Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered on Wednesday in the largest lease sale in American history, a setback to the Trump administration’s efforts to rapidly pump up investment in the region.

The Interior Department had offered up a record 77 million acres (31.2 million hectares) for development in the Gulf – an area twice the size of Florida – with discounted royalty rates on the shallower tracts as part of a broader effort by President Donald Trump to ramp up fossil fuels output.

But companies facing multi-billion dollar price tags to develop the acreage and tempted by better terms overseas bid on just 1 percent of the area up for grabs, winning with bids that averaged just $153 an acre – 35 percent below levels last year, and a fraction of those in the region in 2013 when oil prices were higher, according to the data.

In all, the auction yielded $124.76 million in winning bids, slightly more than a smaller Gulf of Mexico auction last year, but a tenth of the amount pulled in during a much smaller lease sale in the Central Gulf in 2013.

The Interi,上海仙霞路夜生活Naia,or Department’s Bureau of Ocean Energy Management, which administered the auction, characterized the results as robust: “I think we’re seeing continued consistent investment in the Gulf of Mexico,” BOEM spokesman Mike Celata said in a conference call with reporters, adding he forecast increasing oil and gas production from the region for years.

He said 33 companies, including majors Royal Dutch Shell Plc, BP Plc, Chevron Corp, and Total SA, had placed 159 bids on 148 blocks.

But critics of the administration called the unusually large lease sale ill-timed. U.S. crude oil and natural gas output is already smashing records thanks to improved drilling technology that has opened up cheaper onshore reservoirs, and Brazil and Mexico are also competing for drilling investment in their own deepwater acreage – often with better terms.

“Offering a nearly unrestricted supply in a low demand market with a cut rate royalty and almost no competition is bad policy and an inexcusable waste of taxpayer resources,” the Center for American Progress, a left-leaning policy think tank, said in a statement.

William Turner, senior research analyst at Wood Mackenzie, said the sales statistics were “on par with the all-time lows that we saw last year,” referring to a lease sale in 2017 that had yielded $121 million in winning bids.

Interior Secretary Ryan Zinke had said ahead of the sale that the record-sized offering would be a “bellwether” of industry demand in the region, and billed the effort as a way to help the United States become more “energy dominant.”

After the sale, Interior Assistant Secretary Joe Balash said: “Today’s lease sale is yet another step our nation has taken to achieve economic security and energy dominance.”

“ALL-TIME LOWS?”

The U.S. government offers Gulf of Mexico leases annually, but usually in smaller regional batches. An auction in March 2017, for example, offered up 48 million acres in the Central Gulf of Mexico planning region.

Consultancy Wood Mackenzie had expected demand for the acreage to get a boost from higher oil prices compared with a year ago, and lower corporate taxes. But it pointed out interest would be tempered by competition from Latin America, and concerns over the im,上海夜哪里艳遇Naia,pact that U.S. tariffs on steel imports could have on costs.

The National Ocean Industries Association, which represents offshore drillers, also sounded a note of caution.

“The United States must continue to evaluate how to keep the Gulf of Mexico and other parts of the U.S. outer continental shelf attractive in light of competition from Brazil and Mexico,” it said in an emailed statement.

Drillers have been trying to trim their Gulf of Mexico drilling costs in recent years to make certain projects there more competitive. BP, for example, has said its Mad Dog 2 platform will be economic with crude at just $40 a barrel.

Current oil prices are over $65 a barrel.

BP, which bid over $20 million on 27 parcels on Wednesday, structured its bids around its existing production platforms and areas it has already identified as being “highly prospective,” spokesman Jason Ryan said in a statement.

Still, many new projects in the deepwater Gulf of Mexico come with multi-billion dollar price tags and require major investment up front – making them a tough sell.

Some U.S. oil companies like Exxon Mobil Corp are focusing on new deepwater projects outside of the United States, where royalties and tax structures can be more favorable.

“In terms of Exxon, they have plenty of things to do in Guyana, so why bother getting too acti上海夜生活网ve in this round in Gulf of Mexico,” said Lysle Brinker, a research director at IHS Markit, noting Exxon’s absence from the bidding.

In an effort to pump up interest, the Interior Department had cut the royalty rate companies must pay in shallow offshore waters by a third to 12.5 percent, and is considering cutting the rate for deeper waters too.

The BOEM’s Celata pointed out that shallow-water tracts received 43 bids on Wednesday, an increase from past lease sales that he attributed to the lower royalty rates.

The administration is eyeing further vast lease sales offshore in the f,上海夜网推油Fabiana,uture, having proposed opening up parts of the Arctic, Atlantic and Pacific – an idea that has faced pushback from several governors in U.S. coastal states.

Democratic lawmakers have also warned the Interior Department not to extend the lower royalty rates to deepwater acreage, saying the move would short-change taxpayers.

Japan loses out amid China trade threat that shakes markets

TOKYO ( ) – As U.S. President Donald Trump dealt a blow to China with plans to slap tariffs on $60 billion of trade, he quietly delivered a slap in the face to one of Washington’s closest allies, Japan, which got no exemption from earlier announced duties.

The move to exclude most U.S. allies, but not Japan, from steel and aluminum tariffs that took effect on Friday is an apparent snub to Prime Minister Shinzo Abe, who has assiduously courted Trump since he was elected.

U.S. Trade Representative Robert Lighthizer also ratcheted up pressure for a bilateral trade pact with Tokyo, which has been in sporadic talks with Washington on cutting Japan’s trade surplus.

Abe was the first foreign leader to travel to New York and meet Trump in the days after the November 2016 election, when he presented him with a golf club worth nearly $4,000 and showered praise on him.

Officials tried to p,上海夜网邀请码Hadrian,ut a positive spin on the trade spat, which comes just as Tokyo seeks to coordinate its North Korea policies with those of Washington, an effort complicated by an ever-changing cast of characters at the White House.

“We are aware that U.S. Trade Representative Lighthizer has been saying the U.S. wants to negotiate a free trade agreement,” Japanese trade minister Hiroshige Seko told reporters on Friday.

“I understand we will have constructive talks on what’s the best framework for Japan and the U.S. as well as the Asia-Pacific region under Japan-U.S. economic dialogue. We want to closely communicate with the U,上海夜网千花Sabrina,nited States.”

Trump signed a presidential memorandum on Thursday targeting up to $60 billion in Chinese goods with tariffs after a 30-day consultation period that starts once a list is published.

China responded strongly and the escalating tension between Beijing and Washington hit financial markets, with investors fearing dire consequences for the global economy if trade barriers start going up.

Lighthizer on Thursday read out a list of countries with which the U.S. was negotiating exemptions from the earlier announced tariffs, among them Argentina, Australia, Brazil, the European Union and South Korea.

“Retaliation against the U.S. trade measures could destroy the free-trade system,” Seko said. “It is extremely important that Japan calmly seeks solutions under the framework of the WTO,” he added, referring to the World Trade Organization.

Japan, one of 11 countries that signed a new Trans-Pacific trade pact this month after the U.S. withdrew last year, may eventually sign a free trade deal with the U.S., said Junichi Sugawara, a trade policy researcher at the Mizuho Research Institute.

,上海夜生活怎么玩Tabitha,

“Japan probably does not want take a harsh stance considering the relationship over security issues with the United States,” he said.

上海夜生活论坛There is a chance that Japan will eventually have to start bilateral free trade talks … even though Japan’s goal is to get the U.S. to return to the TPP.”

(GRAPHIC: U.S. Steel Imports – reut.rs/2D8jBWa)

Boeing completes Dreamliner family with first 787-10 delivery

NORTH CHARLESTON S.C. ( ) – Boeing Co (BA.N) delivered its first 787-10 Dreamliner to S,上海夜网千花Oakley,ingapore Airlines (SIAL.SI) on Sunday, rounding out a family of lightweight jets on which the U.S. planemaker is betting its future.

The ceremonial key to the plane was handed to Singapore Airlines Chief Executive Goh Choon Phong on the tarmac at Boeing’s South Carolina plant, where the carbon composite jet is built, in front of more than a thousand Boeing workers and guests.

Goh called it a “beautiful aircraft” and an “unparal上海夜网leled product for regional operations.”

Boeing Commercial Airplanes Chief Executive Kevin McAllister hailed the two airlines’ 45-year relationship.

Singapore Airlines was the first Southeast Asian carrier to buy Boeing’s 747 jumbo jet in 1972, Goh said, and the group is now the world’s first to operate all the 787 Dreamliner family of models.

The new Dreamliner was parked in front of a line of about 10 787 airplanes in various stages of completion.

Singapore Airlines, which expanded its order for 787-10s to,上海021夜网Octavien, 49 jets last year, plans to introduce the jet on services to Osaka, Japan, followed by Perth, Australia, starting in May.

The 787-10 is built exclusively at the North Charleston plant due to its large size, which prevents the transfer of sections to Boeing’s factory outside Seattle. Unlike the Washington state assembly lines, the plant, which has about 7,000 workers, is not unionized.

The aircraft, which sells for $326 million at list prices, completes a line-up of three models starting with the 787-8 which debuted in 2011. All boast carbon-composite fabrication materials, fuel efficiency and new state-of-the-air filtration systems with higher levels of humidity in the air for long-distance flight.

The 787-10’s range is 6,430 nautical miles (11,910 kilometers).

At 223 feet long (68 meters), the aircraft is 18 feet (5.5 meters) longer than the 787-9 and seats around 330 passengers, 40 more than the 787-9 and 88 more than the 787-8.

Europe’s Airbus (AIR.PA) competes against the 787-10 with its A330neo, an upgraded version of its most-sold wide-body aircraft with fuel-efficient engines and a new cabin.

Both jets are designed for shorter flights compared with other mid-size wide-body planes, tapping into the rapid growth of trade within Asia as well as across other regions.

But after brisk initial sales, orders for both models have slowed, with Airbus selling 214 of its A330neo.

The 787-10 has 171 orders, about 13 percent of the total of firm orders for the 787.

The mid-sized 787-9 is the most popular variant and competes mainly with Airbus’s new-generation carbon-composite A350.

The 787 and A330neo are locked in a fierce battle for sales and profits in the market for jets with around 300 seats.

Boeing look,上海高端夜生活在那里Macey,s poised to win a hotly contested order from American Airlines (AAL.O), beating competition from the A330neo, people familiar with the matter said on Friday.

(This story corrects Boeing executive’s title and first name.)

U.S. import prices rise more than expected in February

WASHINGTON ( ) – U.S. import prices rose more than expected in February as the largest increase in the cost of capital goods since 2008 offset a drop in petroleum prices, bolstering views that inflation will pick up this year.

The Labor Department said on Thursday that import prices increased 0.4 percent last mo,夜上海论坛Earl,nth after a downwardly revised 0.8 percent surge in January. Economists polled by had forecast import prices climbing 0.2 percent in February after a previously ,上海夜网推油Fabiana,reported 1.0 percent jump in January.

In the 12 months through February, import prices increased 3.5 percent after rising 3.4 percent in the 12 months through January.

Data this week showed steady gains in consumer and producer prices in January. Economists expect inflation will accelerate this year, driven by a tightening labor market, weaker dollar and fiscal stimulus. Inflation has undershot the Federal Reserve’s 2 percent target since mid-2012.

Last month, prices for imported capital goods jumped 0.6 percent. That was the biggest increase since April 2008 and followed an unchanged reading in January.

Prices of imported consumer goods exc上海夜网luding automobiles rose 0.5 percent, the largest gain since January 2014, after ed,上海会所夜网Pablo,ging up 0.1 percent in the prior month. These price increases likely reflected the dollar’s depreciation against the currencies of the United States’ main trading partners.

These higher prices will eventually filter through to core producer and consumer inflation. Imported petroleum prices fell 0.5 percent, the first drop in seven months, after rising 3.0 percent in January. Import prices excluding petroleum surged 0.5 percent after a similar gain in January.

The price of goods imported from China rose 0.2 percent. Prices for imports from China increased 0.3 percent in the 12 months through February, the biggest advance since June 2014.

The report also showed export prices gained 0.2 percent in February after rising 0.8 percent in January. Export prices increased 3.3 percent on a year-on-year basis after rising 3.4 percent in January.

Ex-Cambridge Analytica insider says firm worked for pro-Brexit…

LONDON ( ) – A former Cambridge Analytica political consultant said the company’s management misled the Briti上海夜生活网sh public about work the firm did for a pro-Brexit group before the vote to leave the European Union, the Guardian reported on Friday.

Brittany Kaiser, a business development director at the company from 2014 until earlier this year, said in an interview that Cambridge Analytica was carrying out data crunching and analysis work for Leave.EU, while publicly denying it was doing so.

The insider account puts further pressure on the London-based data analytics firm, which is already facing renewed scrutiny in the United States and Europe over allegations it improperly harvested Facebook data to target U.S. voters.

Late on Friday, a High Court judge granted an application by the UK Information Commissioner’s Office for a w,上海夜生活Eason,arrant to search Cambridge Analytica’s offices.

The data protection watchdog said in a statement it plans to execute the warrant shortly to confirm the company deleted data from 50 million Facebook profiles, which a whistleblower has alleged it failed to do.

Kaiser, who acted as a spokeswoman for Cambridge Analytica before and after the 2016 referendum, said she was ordered by the company to deny the firm was involved with the Brexit issue.

“I was quite confident that real work was being undertaken,” Kaiser said in a videotaped interview with the Guardian.

“No, we didn’t run the whole campaign and maybe our work wasn’t used, but when I talked to the press we were actually undertaking data work and analysis” for Leave.EU, she said.

Last month, Cambridge Analytica Chie,上海夜生活怎么玩Falkner,f Executive Alexander Nix denied to a parliamentary committee the company worked for Leave.EU, saying only that his firm had met the campaign group to discuss pot,上海夜生活去哪玩Faith,ential business, but did not reach a deal.

“Let me be absolutely crystal clear about this. I do not know how many ways I can say this. We did not work for Leave.EU. We have not undertaken any paid or unpaid work for them, okay?” he told a committee investigating fake news in UK politics.

Cambridge Analytica’s board of directors suspended Nix on Tuesday shortly before British broadcaster Channel 4 aired an expose of the firm’s business practices in the United States.

Arron Banks, a major donor to Leave.EU, wrote in “The Bad Boys of Brexit” a campaign diary he published after the campaign that the group had hired Cambridge Analytica on Oct. 22, 2015 to use ‘big data and advanced psychographics to influence people’.

Written by shyw on September 12, 2017 Categories: kbvkmgjv Tags: , ,

Global stocks bounce on report of U.S.-China trade talks

NEW YORK ( ) – Stocks rose almost everywhere on Monday, reflecting optimism that the United States and China are set to begin negotiations on trade.

MSCI’s world equity index, which tracks shares in 47 countries, rose 1.53 percent after touching its level since Feb. 9, stirred by expectations that U.S. Treasury Secretary Steven Mnuchin would try to reach an agreement with China.

Hope of a rapprochement abbreviated the markets’ hangover about a trade war pitting the world’s two largest economies against one another.

The Dow Jones Industrial Average rose 669.4 points, or 2.84 percent, to 24,202.6, the S&P 500 gained 70.29 points, or 2.72 percent, to 2,658.55 and the Nasdaq Composite added 227.88 points, or 3.26 percent, to 7,220.54. Each index turned in its best day of performance since August 2015.

The powerful rebound reflected the fact that the market’s bears are not dead so much as back in unseasonably late hibernation. During the day, a weakening U.S. dollar weighed on European stocks, which ended their trading day on weaker footing, while gold gained and oil languished,上海夜网官方网站Paisley,.

“The overall health of the world economy is pretty darn good,” said David Haviland, managing partner at Beaumont Financial Partners LLC and its Beaumont Capital Management division.

“What I’m concerned about are policy mistakes” by the Federal Reserve or the Trump administration, he added.

“It doesn’t t,上海夜网邀请码Sabia,ake a lot to tip a market over when it’s this agitated.”

Fears of a trade war mounted this month after Trump slapped tariffs on steel and aluminum imports and then on Thursday announced plans for tariffs on up to $60 billion of Chinese goods.

The Dow sank more than 1,000 points over the two days ended Friday, while the sell-off pushed the S&P 500 to within a hair of its 200-day moving average, a key level watched by market tacticians.

Signs of potential compromise were also supported by news that South Korea would be exempt from U.S. steel tariffs in a revision of the bilateral trade pact between the two countries. South Korea’s benchmark share index rose 0.84 percent.

Emerging market stocks rose 1.0 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 0.86 percent higher, while Japan’s Nikkei rose 0.72 percent after earlier losses.

SIGNS OF FEAR

Haviland said that while trade concerns may seem to have receded, in fact the issue has yet to play out. European policymakers, for instance, remain concerned that more of China’s low-cost steel could be dumped in their markets.

European markets were mixed, with concerns over the formation of a new anti-establishment government in Italy weighing on Southern European debt in particular on Monday, th上海夜生活论坛ough this was counterbalanced to an extent by a ratings upgrade for Spain late on Friday.

Italian bonds underperformed, with 10-year yields rising as much as 0.06 percentage point on further signs that the anti-establishment 5-Star Movement and the anti-migrant League might explore an alliance to form a government.

The U.S. dollar weakened 0.43 percent against its peers, foreshadowing a trade war by other means. The greenback’s decline would ma,上海夜生活网交流Hadley,ke U.S. exports cheaper to foreign buyers.

But that decline perked up the euro 0.82 percent on a relative basis, hurting the continent’s exporters. The pan-European FTSEurofirst 300 index lost 0.68 percent.

The euro zone’s momentum has been losing pace, according to Citigroup’s economic surprise index for the currency bloc, which is crouched at a two-year low.

The CBOE Volatility Index, known as Wall Street’s fear gauge and reflecting S&P 500 price swings anticipated by options traders, dropped 3.75 points to 21.12 during the day but nonetheless remained higher than its peak for all of 2017.

Spot gold added 0.4 percent to $1,352.50 an ounce.

International Brent crude futures slipped 0.5 percent to settle at $70.12 a barrel. The possibility of a trade war have weighed on the energy complex on fears that it could harm oil demand.

Benchmark 10-year U.S. Treasury notes fell 7/32 in price to yield 2.852 percent after a lackluster $30 billion 2-year note auction by the U.S. government.

EU lawmakers act to address ‘unfair’ airline competition rules

( ) – Non-EU carriers could see their rights to fly in the bloc revoked if they or their home countries engage in “unfair” competitive practices under rules voted on by a European Parliament committee on Tuesday.

Some EU airlines, notably Air France-KLM (AIRF.PA) and Lufthansa (LHAG.DE), have long complained about what they see as unfair competition from carriers such as those in the Gulf region – Emirates, Etihad and Qatar Airways – whom they accuse of receiving illegal state subsidies.

The three airlines have vehemently denied such claims.

While the rules passed by members of the European Parliament’s transport committee on Tuesday are not the final version of the law, they represent a hardening of the original European Commission proposal.

“The pressure from highly subsidized third country carriers is increasingly noticeable. It potentially undermines a level playing field in the market, at the expense of European airlines,” said Markus Pieper, the EU lawmaker who is steering the legislation through the European parliament.

“Particularly carriers from the Gulf region, Turkey, China and Russia have strong state connections which can cause market distortions.”

The proposal wo上海夜生活网uld allow EU governments and airlines to submit complaints to the European Commission about alleged discriminatory practices they face in non-EU countries or illegal subsidies benefiting non-EU airlines.

The version passed by the European Parliament would see the Commission being able to impose “provisional redressive measures” on third country airlines even before an investigation has been concluded to prevent irreversible injury.

The provision was pushed by the second largest group in the Brussels legislature, the Socialists and Democrats.

The Commission – the EU executive – had not originally proposed curtailing airlines’ flying rights as these are typically granted on a bilateral basis between governments.

Instead it had proposed f,上海晚上耍女人的地方Mace,inancial penalties or other measures such as a suspension of ground services.

The Commission has denied that the proposed regulation is a protectionist measure, but many EU governments oppose it on the grounds that it co,上海夜生活去哪玩Eden,uld hurt transport links to their countri,上海足浴夜网联系方式Barney,es.

The Gulf airlines have faced similar pressure in the United States.

Qatar recently agreed to release detailed financial information about state-owned Qatar Airways after talks with the U.S. government.

EU lawmakers will have to reach an agreement with member states on a final version of the EU regulation before it can take effect, meaning it will likely undergo further changes.

Toys ‘R’ Us stores may be closing, but name will live on

WILMINGTON, Del ( ) – Barring a last-minute buyer, Toys ‘R’ Us will soon disappear from U.S. shopping centers, but the name and its iconic Geoffrey the Giraffe mascot are likely to survive for another generation of Toys ‘R’ Us kids.

Buyers often swoop in on retailers that are going out of business and scoop up brands with an eye on maintaining ties with loyal customers, minus the bricks and mortar.

“Toys ‘R’ Us — that’s a fabulous name,” said Cathy Hershcopf, an attorney who specializes in retail bankruptcies. “The jingle, the customer lists, the logo … and the giraffe goes along with it.”

Brand specialists said they could not put an estimated value on the name, but it will be among the most valuable ever to become available through a bankruptcy liquidation.

The name adorns stores in 38 countries, from Australia to Zambia.

Retailers going out of business often sell their names and logos to the highest bidder, which generates some cash to help repay creditors. Examples include The Sharper Image, which filed for bankruptcy in 2008, and Coldwater Creek, which went bust in 2014.

The 上海夜生活论坛Sharper Image stores were known for featuring sleek gadgets like $5,000 massage chairs. Investors led by Hilco Consumer Capital swooped in and bought the company for $49 million and refashioned it as a licensor of lifestyle goods. Its website currently features drones, a toaster for bacon and motorized tie rack, all for less than $60.

Hilco specializes in buying well-known brands from dying companies, including home furnishings company Bombay, lingerie chain Frederick’s of Hollywood and Linens-N-Things, as well as former tech titans Polaroid and Atari, according to its website.

Generally, interested buyers want to add a new brand to existing internet retail operations, although bankruptcy specialists said bidders on the Toys ‘R’ Us brand might acquire a small number of stores to operate as showrooms.

Alexander Chernev, a professor of marketing at the Kellogg School of Management, said brand buyers who succeed are those with strong operations like logistics but who lack emotional connections with their customers.

“They seek access not just to the market … but also to the minds of the consumer.”

He said Toys ‘R’ Us could make a good fit with a Chinese manufacturer that seeks credibility with consumers.

That’s what happened with Robb & Stucky, a Florida-based furniture chain that liquidated in 2011. A Chinese manufacturer bought the name and trademarks and relaunched the store operations, according to Jordi Guso, a bankruptcy attorney with Berger Singerman.

Other fa,上海夜生活网419Easton,iled brand names attract buyers who are more interested in defense than offense. Dick’s Sportin,上海会所夜网Tabitha,g Goods acquired The Sports Authority name through bankruptcy in 2016 for around $16 million, in part because an overseas rival was also inte,上海夜生活桑拿会所Jacob,rested, according to Hershcopf. The Sports Authority name was essentially removed from the market.

She dismissed concerns that the Toys ‘R’ Us brand was damaged by the chain’s failure.

“I don’t think the brand is tarnished. I think the shopping in the old stores is tarnished.”

Conagra mitigates inflation hit with fewer discounts, cost control

( ) – Conagra Brands Inc (CAG.N) reported third-quarter profit above market estimates and raised its full-year profit forecast as the maker of Swiss Miss cocoa countered higher commodities and freight costs by cutting back on discounts and other expenses.

Chief ,上海夜生活网交流Landon,Executive Sean Connolly, who has spearheaded a turnaround at the company after taking over in 2015, said near-term margins still were under pressure from higher input and transportation costs but that Conagra’s transformation remained on track.

The company raised its full-year forecast for adjusted profit from continuing operations to $2.03 to $2.05 per share from the ran上海夜生活论坛ge of $1.95 to $2.02 it provided just a month ago to account for a boost from U.S. tax reforms.

Shares in Conagra were up 1.7 percent at $35.95 on Thursday.

The Chicago-based company cut advertising and promotion costs by nearly 14 percent and reduced selling and general expenses by about 6 percent, helping it mitigate damage from commodities inflation and higher transportation costs.

U.S. food companies, already struggling with lower demand for packaged goods and price tensions with retailers, have recently begun flagging higher commodities and transportation costs. Railroads and truck fleets have raised prices amid a shortage of drivers, reduced capacity, higher fuel prices and a strengthening U.S. economy.

Inflation in ingredients, packaging and transportation rose 3.7 percent and hurt gross profit by $50 million, with higher freight costs accounting for about a quarter of inflation, Conagra Chief Financial Officer David Marberger said on a call with analysts.

Marberger said Conagra was evaluating the expected impact of steel and aluminum tariffs on next year’s earnings, but that the company’s existing inventory would protect results in 2018.

Excluding items, Conagra’s third-quarter profit of 61 cents per share topped analysts average estimate by 5 cents, according to Thomson I/B/E/S.

Conagra’s net income attributable more than doubled to $362.8 million in ,上海仙霞路夜生活Sabine,the quarter ended Feb. 25, also helped by a $236.7 million bum,上海夜生活网419Lark,p related to U.S. tax reforms and better sales from its frozen food business.

This was not the cleanest beat in history but it will come as a relief to food investors who were spooked by General Mills’ results on Wednesday, J.P.Morgan analyst Ken Goldman wrote in a note.

U.S. consumer packaged goods stocks tumbled on Wednesday after rival General Mills Inc (GIS.N) warned that rising freight and commodities costs would take a larger-than-expected toll on full-year segment earnings.