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As Uber bows out to Grab, drivers and riders bemoan loss of choice

SINGAPORE ( ) – A mix of concern and disappointment met Uber Technologies Inc’s [UBER.UL] deal to sell its Southeast Asian business to bigger regional rival Grab, as drivers and users of the ride-hailing firms took in the prospect of sharply reduced competition.

The services throughout Asia have long relied on discounts and promotions for consumers and incentives for drivers, which made for tough competition, pushing down profit margins.

Grab said the Uber acquisition accelerated its path to profitability in its core transport business, as it would become the most cost-efficient Southeast Asian platform.

While drivers were split on which of the two services offered better compensation, they generally expected fares to go up with the reduced competition.

Rennu Mahajan, who has driven a combined three-and-a-half years for both companies in Singapore, said some of her driver friends were concerned because now they would not be able to switch to the other app.

“But I am personally not worried. I am quite confident that the fares will go up. If incent,上海夜生活网419Oakley,ives don’t go up, fares will increase and we will still get a little bit more,” said Mahajan, 57.

On its Singapore website, Grab said passengers could expect better service with more drivers and transport options available on one app and that fares would not change. For drivers, it said the benefits and incentives structure remained the same.

However, following a similar merger between Grab investor Didi Chuxing and China’s Uber business in 2016, driver numbers dropped dramatically as subsidies lapsed and new regulations raised residence requirements for drivers.

In the year following Didi Chuxing’s acquisition, driver response rates fell between 15 and 40 percent in major Chinese cities, according to Didi Chuxing’s data.

According to mobile data analytics firm App Annie, Grab was ranked fifth among top apps based on monthly active users in Singapore in 2017 versus Uber at No. 7. In Indonesia, Go-Jek was at No. 9 just ahead of Grab.

REGULATORY CONCERN

Whether the merger would eliminate competition in Singapore will be the focus of government review, a spokeswoman for the Land Transport Authority said.

“We will ensure that no one single market player dominates the sector to the detriment of commuters and drivers,” she said.

Malaysia’s Land Transport Authority issued a similar statement, saying it “will work closely with relevant consumer and various regulatory agencies such as the Malaysia Competition Commission to safeguard passengers from unfair terms”.

For both Ricky Tan, who has driven for Uber in Singapore for over a year, and Andre Pereira who uses both services, Grab’s ability to exert greater control on prices was cause for concern as it may drive away customers to public trans,上海夜网Ida,port.

“As the only app left, Grab can easily increase prices,” Pereira, 24, said.

While there are smaller ride-hailing apps in each market, Grab and Uber have a presence across the region, while Indonesia’s popular Go-Jek only operates within its home country.

Drivers in Cambodia, one of the last frontiers in the battle of apps, say competition is fierce and the market will not be easy for Grab.

“A lot of people are used to using Uber, Grab isn’t strong yet, Uber is stronger…Grab just arrived,” said Krem Sokhom.

DISCOUNTS AND PROMOTIONS

The apps have also grown in popularity in countries with fewer public transportatio上海夜生活论坛n options, such as Vietnam.

Le Minh Quan, 30, who drives w,上海夜生活乌托邦Fabiana,ith both Grab and Uber in Vietnam, said: “Without competition they could enforce higher commission or reduce their support, and that’s worrying. Before we had a choice, but now we don’t.”

Banker Le Hoang Ngan also uses both.

“Whoever gives me discount codes I’ll go with it, if not, I’ll skip. So one down will just give me less option,” he said.

In Thailand, ride-hailing services by privately owned vehicles are illegal but many drivers work with both Uber and Grab. There was no shortage of drivers and riders who liked the service that Grab had to offer.

“Grab provides enough promotions for my liking, and even if sometimes they don’t, I don’t mind paying the full price,” said Choltanutkun Tun-atiruj, a magazine writer, who said she preferred Grab’s services and relied on it in her everyday life.

“I prefer convenience and what’s the quickest, easiest.”

Democratic Party workers pore over videos in bid to hobble Trump

( ) – From the basement to the third floor of Democratic Party headquarters in Washington, dozens of election campaign workers are glued to screens playing back videos of Donald Trump and other Republicans, digitally documenting their policy positions on everything from torture to climate change.

The newly bulked up operation, including research,,夜上海419龙凤论坛Naia, of more than 70 people is central to the Democrats’ strategy to sink whoever the Republicans nominate to run for the White House in the Nov. 8 U.S. presidential election.

Party officials who provided with details of the operation increasingly think their target will be Trump, the New York businessman and former reality TV star who is the surprise Republican front-runner.

Th上海夜生活e video clips will be used as grist for attack ads that will be deployed rapidly on social media sites any time Trump, or either of his rivals, U.S. Senator Ted Cruz of Texas and Ohio Governor John Kasich, strays during the general election campaign from policy proposals they touted in the nominating contests across the country.

That could, in theory, hinder them from appealing to the millions of more moderate voters needed to beat former Secretary of State Hillary Clinton or U.S. Senator Bernie Sanders of Vermont, the two competitors for the Democratic nomination.

Democratic National Committee (DNC) spokesman Luis Miranda, who provided with a partial tour of the research operation, said voters in the run-up to November’s election were “not going to be as responsive to the divisive rhetoric” that Trump used in the Republican campaign and that was a “key part of our general election strategy.”

Trump’s campaign did not respond to requests for comment on the Democratic Party operation.

Trump leads Cruz with 678 delegates to the Texan’s 423 delegates and Kasich at 143 as of this week after a string of wins in states where his suppor,上海夜生活群Lark,ters favored his flamboyant rhetoric and plans to wall off the U.S. border with Mexico, deport millions of undocumented immigrants and temporarily ban Muslims from entering the country. Trump has also called for a revision of laws that ban torture, and wants to scrap trade deals he blames for job losses.

There are two more Republican nominating contests on Tuesday. A candidate needs to accumulate at least 1,237 delegates to win the nomination at the Republican convention in July.

News and video monitoring have been election staples for years, but the latest operations bear little resemblance to the lower-tech past because of leaps in technology and the speed with which a candidate’s remarks are distributed.

“Everything is on steroids,” said Jamal Simmons, a Democratic consultant, who recalled campaigns continuously taping news channels on VHS tapes – a tedious process that limited how much could be monitored.

NEW TECHNOLOGY

Other new technology, such as the live streaming application Periscope, makes news from around the world available almost instantly, said Holly Shulman, a Democratic strategist and former DNC official.

“Halfway around the world we were able to respond to something before the reporters looked at,上海夜网邀请码Octava, it even,” she said.

The Republican National Committee (RNC) said it has also ramped up its video monitoring efforts, with a focus on Clinton, adding staff and using newer technology.

Eight people on the RNC staff are devoted to monitoring news coverage, and the party said it was building a searchable digital library of Clinton speeches, interviews and other events going back to 1991, the year before her husband Bill Clinton won the presidential election.

Attacks on Trump by Republican rivals and Super PACs, independent political action committees that may raise unlimited sums of money, have failed to stop his campaign’s momentum.

But the DNC said it believes its strategy will be effective. For one, the Democrats believe the Republican establishment’s efforts to block Trump’s nomination have been slow and disorganized – and hampered by a fear of tearing the party apart. The Democratic Party is also betting the general electorate will be more easily persuaded to counter Trump than registered Republicans have been.

Clinton has a nearly 10-point lead over Trump in a hypothetical general election match up, according to an average of polls gathered by Real Clear Politics.

REALITY TV TIPS

The effort to hobble the former reality TV star takes a page out of reality television itself, where producers comb through thousands of hours of candid video, index it into an easily searchable library, and then paste together coherent narratives.

The project helps address recommendations from the Democratic Victory Task Force, commissioned by DNC Chair Debbie Wasserman Schultz, which in February 2015 suggested the party prepare for the 2016 election and promote the party’s messaging.

The DNC did similar work during the 2012 presidential election, but on a much smaller scale. Its digital and social media staff went from 5 to 25 people over the past 18 or so months, spokesman Miranda said.

The current team divides its time on video from a wide range of sources – from national news to local channels, clips put up on YouTube by individual users and campaigns, and events webcast by the campaigns themselves.

It also has scouts that record in the field.

The work has yielded a number of attack videos already, many prepared and sent out at a moment’s notice.

On Feb. 28, for example, the party released a video slamming Republican presidential hopefuls for their opposition to action on climate change, featuring them denying man-made global warming alongside images of U.S. flooding, wildfires, droughts and heat waves.

Earlier in March, after Trump cruised to victory in several state nominating contests, the DNC put out another 40-second video, mixing news clips talking about how Trump is dominating his party.

“These videos are getting tens of thousands or hundreds of thousands of views across our various platforms,” Miranda said. “He’s not going to get off as easy with us as with the rest of the Republican field. We know what he’s said, we know where he’s flip-flopped, where he’s made mistakes.”

Exclusive: Salesforce in advanced talks to buy MuleSoft – sources

( ) – Salesforce.com Inc (CRM.N) is in advanced discussions to acquire U.S. software maker MuleSoft Inc MULE.N, people familiar with the matter told on Tuesday, as it looks to expand its offerings beyond customer relationship management software.

The acquisition, which the sources said could be worth more than $6 billion, would be Salesforce’s biggest ever deal, illustrating Chief Executive Marc Benioff’s push to supplement the company’s cloud-based portfolio with new technology.

A deal could be announced as soon as this week, the sources said, cautioning that negotiations h上海夜生活ad not been finalized and that an agreement was not certain.

The sources asked not to be identified because the negotiations are confidential. Salesforce and MuleSoft declined to comment.

MuleSoft shares jumped more than 20 ,上海高端夜生活在那里Nadia,percent to $39.88 after reported the talks, giving the company a market value of $5.3 billion. Salesforce shares were up 0.3 percent at $125.31.

,上海夜生活服务Gabe,

Based in San Francisco, MuleSoft makes software that automatically integrates disparate data, devices and applications to help companies’ networks run faster. It could help Salesforce win business from customers which are not yet ready to transition their systems to the cloud.

Buying MuleSoft would help Salesforce build a larger enterprise apps ecosystem around its own products, Barclays Plc (BARC.L) analysts wrote in a research note, adding that MuleSoft could command a premium given its rapid growth and good fit.

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

MuleSoft has more than 1,000 customers, including Coca-Cola Co (KO.N), McDonald’s Corp (MCD.N), Spotify and Unilever (ULVR.L). It went public about a year ago.

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.

Alphabet Inc’s (GOOGL.O) Google acquired a competitor of MuleSoft c,夜上海419龙凤论坛Qirin,alled Apigee Corp in a $625 million deal in 2016.

Salesforce has benefited from companies switching to cloud-based services due to the lower costs and high level of scalability. Last month, it posted a quarterly profit that topped Wall Street targets, fueled by growth in its cloud-based sales and marketing software.

Saudi’s Kingdom Holding proposes fiscal year dividend

RIYADH ( ) – Saudi Arabian investment firm Kingdom Holding 4280.SE proposed a cash dividend of 0.50 riyals per share for 2,上海新夜网龙凤Hallie,017, t上海夜生活he company said on Thursday.

Chairman Prince Alwaleed bin Talal, who holds a 95 percent stake, waived his share of proposed dividends worth 299.2 million riyals quarterly ($79.8 million), it added in a bourse filing.

Alwaleed will still receive 562.7 million riyals in dividend for the year, a company official told .

“This is consistent with what he has received over the past seven years when the company started giving dividends. What he is giving up is 299.2 million riyals per quarter,” the official added.

Prince Alwaleed, the kingdom’s most recognized business figure, was freed on Jan. 27 after being held at Riyadh’s Ritz-Carlton hotel for three months on the orders of his cousin Crown Prince Mohammed bin Salman.

He said in a television interview last week that he had reached an agreement with the government for his release, but declined to disclose the details. He added that he was looking for investments up to $3 billion.

Alwaleed, a nephew,上海夜生活桑拿会所Eason, of Saudi King Salman, is closely wat,上海夜网官方网站Gabrielle,ched in international markets because of investments in companies such as Citigroup Inc (C.N) and Rupert Murdoch’s News Corp (NWSA.O).

Kingdom Holding announced earlier on Thursday a net profit of 663.6 million riyals versus a loss of 350 million riyals a year ago on an increase in income from investments.

Self-driving car industry confronts trust issues after Uber crash

( ) – The fatal accident involving an Uber self-driving car cranks up pressure on the self-driving vehicle industry to prove its software and sensors are safe in the absence of strong government standards, experts in the field said.

Automakers including General Motors Co (GM.N), technology companies such as Alphabet Inc (GOOGL.O) and ride services providers like Uber Technologies Inc [UBER.UL] have all urged policy makers at the federal and state level not to put a heavy regulatory hand on an industry still in development. They have said their extensive testing demonstrates commitment to safety. ,上海高端夜生活在那里Sabrina,

Uber is currently looking for a head of global safety operations who would “drive key strategic programs including Safety Experience and Building Trust,” according to a job posting on the company’s website. The search was posted before the Arizona fatality.

The Uber accident in Tempe, Arizona this week was the first death attributed to a self-driving car operating in autonomous mode. It has given ammunition to critics of the industry concerned that the lack of clear standards allows manufacturers to test faulty or partially developed technology on public streets.

Well before Sunday’s fatal accident, industry executives had begun to confront questions about whether self-driving cars can be trusted. They have opened up about their testing methods without revealing secrets of system designs.

Public disclosure of self-driving car testing data is inconsistent and varies by state. California requires manufacturers to report instances w,上海会所夜网Paige,hen an autonomous vehicle system disengages. Arizona does not.

“There is no question whatsoever that regulations are coming,” said Doug Mehl, a partner at A.T. Kearney’s automotive practice, based in Detroit. “But right now (automakers), software developers and service providers have an opportunity to shape what those regulations are going to look like.”

Alphabet’s Waymo self-driving car unit has underscored in a report that its autonomous vehicles have now logged 5 million miles in real-world testing, and billions more in computer simulations. GM’s Cruise Automation unit has highlighted its decision to teach its driving system to navigate San Francisco’s congested streets.

St,夜上海419龙凤论坛Daisy,ill, Amnon Shashua, head of Intel Corp’s (INTC.O) Mobileye vision systems unit, said the industry must do more. He has called for the self-driving vehicle industry to develop “provable safety assurances”.

“We need to prove that these vehicles are much, much safer than humans,” Shashua told . “How do you go and guarantee that you have a technology that the probability of a fatality per one hour of driving is 1,000 times better than a human? Nobody talks about that because nobody knows what to do.”

NO FEDERAL STANDARDS

Most self-driving vehicles are equipped with radar sensors and lidar sensors, which use lasers to detect obstacles around the vehicle. There are no federal standards yet specifying how such systems should work. Congress and federal regulators are still debating how tightly to regulate such systems.

“There should be vision tests for the sensors they are using, both static and dynamic to see how well they work,” said Missy Cummings, a Duke University mechanical engineering professor.

The short video recorded by cameras in the Uber vehicle that struck pedestrian Elaine Herzberg while crossing a street in Tempe, Arizona late Sunday raises questions about whether the Uber system responded better than a human driver, experts said on Wednesday.

Uber has hired human operators to sit in driver’s seats of its autonomous vehicles to inte上海夜生活网rvene if necessary. The video released by Tempe police shows a human operator behind the wheel of the Uber vehicle before the impact.

The operator is seen looking down, away from the street, in the seconds before the vehicle struck Herzberg. She was pushing a bicycle across the street from left lane into the right lane where the Uber vehicle was driving.

“It seems it should have detected her,” Daniel Sperling, director of the Institute for Transportation Studies at University of California Davis told in an email after viewing the video. “It seems unlikely that a human driver would have done better. We do want AVs to do better than us and the potential exists.”

Americans were wary of autonomous vehicle technology even before Sunday’s fatality.

According to a /Ipsos opinion poll released in late January, two-thirds of Americans are uncomfortable about the idea of riding in self-driving cars.

“The greater risk for the industry is that if people feel it is unsafe, or the testing is unsafe, you’ll see a real backlash against this technology,” said Matthew Johnson-Roberson, co-director of the University of Michigan Ford Center for Autonomous Vehicles.

Exclusive: HSBC has 59 percent gender pay gap, biggest among…

LONDON ( ) – HSBC (HSBA.L) will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender’s report on the subject seen by on Thursday ahead of its publication.

The bank will also disclose a mean gender bonus gap of 86 percent at HSBC Bank Plc, which is the biggest of the lender’s seven entities in Britain and employs 23,507 people,上海夜哪里艳遇Landon,.

A spokeswoman for the bank confirmed the contents of the report.

The gender pay gap is the biggest yet reported by a British financial firm, according to government data, with some firms yet to provide figures ahead of an April deadline set by Prime Minister Theresa May las上海夜生活t year.

Almost 50 years since the passage of Britain’s equal pay act, the continued gulf in earnings between men and women has attracted significant public attention over the past year or so.

In common with other banks, HSBC said its pay gap was largely accounted for by the bank having fewer women in senior roles.

The gender pay gap measures the difference between the average s,上海晚上耍女人的地方Jacob,alary of men and women, calculated on an hourly basis.

HSBC said women held only 23 percent of senior leadership positions in its workforce in Britain, despite accounting for more than half of total staff.

The bank said it was taking a number of steps to reduce the pay gap, including committing to an aspirational target of women holding 30 percent of senior roles by 2020.

Last month, Asia-focused Standard Chartered reported a gap of 30 percent in Britain, while Virgin Money – the only major UK lender run by a woman – said its female staff earned on average 32.5 percent less per hour than its male workforce.

Lloyds Banking Group (LLOY.L) and Royal Bank of Scotland (RBS.L) reported gender pay gaps of 32.8 percent and 37 percent respectively.

Barclays said last month it paid women in its international division, which houses its investment bank, on average 48 percent of what men earned in fixed pay.

The pay gaps have drawn criticism from lawmakers and are likely to spur questions from investors in the upcoming season for shareholder meeti,上海021夜网Faith,ngs, with stock prices and future earnings potential strongly linked to banks’ efforts to revive their reputations in the wake of the global financial crisis.

Japan says G20 communique to reflect fears of protectionism, gap…

BUENOS AIRES ( ) – Group of 20 finance leaders will likely reflect many members’ concerns over “inward-looking” policies like protectionism in a communique to be issued on Tuesday, Japan’s vice finance minister Minoru Kihara said.

In a sign negotiations over the communique’s wording were ongoing, however, another senior Japanese finance ministry official said disagreement remained over whether to address trade friction through a bilateral or multilateral framework.

World financial leaders pleaded for an endorsement of free trade amid worries about U.S. metals tariffs and looming trade sanctions on China, but Trump administration officials said they would not sacrifice U.S. national interests.

Japan told its G20 counterparts that protectionism benefits no country and was among key risks to the global economy as it would shrink trade, Kihara told reporters on Monday after attending the first day of the two-day gathering.

“Many countries expressed concern over inward-looking policies. It’s unthinkable for such voices to not be reflected in tomorrow’s G20 communique,” he said.

Fears of a trade war overshadowed the Buenos Aires meeting of G20 finance leaders, which was meant to discuss a brightening economic outlook, cryptocurrencies and infrastructure. They will issue a communique on Tuesday wrapping up their talks.

The other senior Japanese finance ministry official, who spoke to reporters on condition of anonymity, said the G20 communique’s wording on trade won’t deviate too much from that of the Hamburg summit communique issued last year that underlined the importance of a “rules-based international trading system.上海夜生活网

But he said there was still no consensus on whether to address global imbalances through a multilateral framework – an approach that had largely been a G20 consensus – or a bilateral one preferred by U.S. President Donald Trump.

“While there were concerns raised on bilatera,上海夜玩网论坛Quay,l protectionism, many countries also talked about global imbalances … and how they must be looked at from a global perspective rather than a bilateral one,” the official said.

MARKET TOO VOLATILE

Angst over U.S. import tariffs did not deflect G20 attention away from China’s trade practices, which also drew voices of concern from some nations, the official said.

In a sign other countries share Trump’s concerns about Chinese trade practices, the European Union and Japan joined Washington last December in vowing to combat market distorting po,上海仙霞路夜生活Ida,licies that fuel excess industrial capacity, including subsidies for state-owned enterprises.

While Trump’s tariffs were a concern, there was no change to Japan’s stance of working with the United States and Europe to address China’s structural problems, the official said.

On markets, Japan sought G20 endorsement over its concern the recent market rout, which triggered an unwelcome yen spike for the country’s export-reliant economy, deviated fundamentals.

“The moves (in February) were too,上海夜网邀请码Nadia, volatile and did not reflect economic fundamentals, a view Japan expressed at the G20 meeting,” the official said, signaling hope that its view would be reflected in the communique.

Vice finance minister Kihara also said he called for global coordination in addressing escalating tensions in North Korea.

Protectionism, geopolitical risks and capital flow changes triggered by policy normalization by major central banks were key risks to the global economy, Kihara said.

“The global community must take resolute action against the threat posed by North Korea, and must act based on past lessons that dialogue with the country did not necessarily lead to de-nuclearisation,” he said.

Kihara attended the G20 meeting on behalf of Finance Minister Taro Aso, who stayed in Japan to address parliament over a suspected cronyism scandal.

Green Crack, Blue Dream, Gorilla Glue: The problem of pricing pot

NEW YORK ( ) – In 2014, as Jonathan Rubin and Ian Laird considered investing in the booming U.S. cannabis industry, they hit a problem: How to value pot start-ups with little verified data on the price of the weed itself?

While a smoker may know the going retail price for “Strawberry Diesel” or “Buddha’s Sister”, the sector’s wholesale tier still operates much like a black market because of ongoing federal prohibition, despite legalizations in 30 U.S. states and Washington D.C. since the 1990s.

That left Rubin and Laird puzzled on the investment value of a dispensary, a weed farm or a factory making pot-infused candy. The problem spawned a different investment: The founding of New Leaf Data Services LLC, a Stamford, Conn.-based wholesale price data service that fields reporters to take on the steep challenge of cataloguing going rates.

Started three years ago, New Leaf now publishes weekly benchmark spot prices and forecasts on wholesale indoor-, outdoor-, and greenhouse-grown marijuana for 17 regions with legalization laws.

New Leaf makes money from about 350 pot proprietors and other subscribers who buy reports and custom analytics. It has raised money from investors who want exposure to the cannabis sector without the risk of breaking federal law.

The model is roughly based on S&P Global Platts, a firm where Rubin once worked that researches and publishes wholesale prices for crude oil, fuel and other commodities such as metals or agricultural crops.

The task is much harder for pot, and New Leaf’s experience stalking prices sheds light on the murky trade of what might be the fastest-growing U.S. commodity, sold legally and illegally for untold billions of dollars.

Cannabis firms still deal almost exclusively in cash to avoid a paper trail or because they have almost no access to banks and financial services. Because it’s illegal to transport the drug across state lines, prices and available products vary widely in different regions based on whether a state has both medical and recreational markets and the number of licensed dispensaries and producers.

Last week, spot prices for flower in Alaska were ,上海仙霞路夜生活Sabia,$5,496 per lb, while prices in Colorado and Oregon fell to historic lows of $1,008 and $1,166, respectively, according to New Leaf.

(For a graphic on state marijuana laws and price differences, see: tmsnrt.rs/2AFalvZ )

Legal pot prices are also impacted by supply and demand fluctuations in the illegal market, and the spread between the two can vary.

In California, regulated market prices are more than $1,000 per lb, whereas prices for illegal weed can be as low as $500 per lb, estimated Scott Davies, a California cultivator. Legal market marijuana tends to be more expensive because supplies are more restricted and because it is taxed.

“Consider each state to be a different country when it comes to their laws, amount of licenses issued, what the qualifying conditions are for entry into their medical program, as well as what the political climate and current illicit market looks like,” said Nic Easley, one of New Leaf’s market consultants.

Easley, a disabled veteran of the U.S. Air Force, said he moved to Colorado in 2006 to use cannabis to ease the pain of injuries. He’s one of New Leaf’s team of a dozen price experts who chase down their market data and intelligence through a network of commercial players and cannabis industry groups, such as the Oregon Retailers of Cannabis Association (ORCA). The data suppliers agree to submit weekly prices anonymously and, in exchange, get discounted subscriptions or other services.

LEGAL BUT UNDERGROUND

A multi-billion dollar cannabis industry has developed despite federal prohibition, but many executives, farmers and employees are still wary of federal prosecution.

Davies, a farmer in Humboldt County, California – a region renowned for its premium cannabis – said growers have historically done and still do handshake deals with counterparts vouched for by shared acquaintances. Davies sells directly to dispensaries, essentially relying on the rumor mill to set prices.

“It’s all been word-of-mouth, through people we know and trust who are established players,” he said.

But the market in California – which recently legalized recreational use – is evolving rapidly and becoming more like a traditional industry, with buyers and sellers now sometimes meeting at industry events, Davies said.

Market transparency has seen a boost from heightened regulations as authorities in states like Oregon rolled out legal recreational markets, said Casey Houlihan, head of ORCA.

Under the new rules上海夜生活论坛 in that state, dispensaries must purchase cannabis from registered producers, who are required to track their sales and report them to the government. Previously, dispensaries could buy more liberally through a medical marijuana program.

The data New Leaf collects is still fairly rough, and the marijuana market has nothing like national benchmark prices or futures contracts common to other legal commodities trades. There’s no real way for businesses to hedge, and price-setting remains largely guesswork, said Josh Richman, senior vice president of sales and marketing for Franklin BioScience, which grows cannabis and manufactures branded products, such as mints, in Colorado, Nevada and Pennsylvania.

“There isn’t something where I can sell long or short,” he said.

BLUE DREAM, GREEN CRACK AND GORILLA GLUE

The retail market is somewhat more transparent, and a pricing service called BDS Analytics runs an online database of more than 140,000 types of pot and pot products. BDS sells pricing and popularity data to retail shop owners.

Roy Bingham, who co-founded BDS Analytics in 2015, is a veteran of the finance and consultancy industries.

“We knew this data is really invaluable for the retail business,” Bingham said. “There are people in this industry who have been in supply chains at Walmart, GNC and other mainstream operations.”

His firm collects point-of-sale data from retailers and lists the details for products such as “Blue Dream” and “Green Crack”.

Joseph Hopk,上海夜网Idaleen,ins, co-owner of a dispensary called The Greener Side in Eugene, Oregon, uses the data to deal with suppliers.

“When vendors come in and say they have x, y, z products, I can go back and look at whatever the going rate is for that product,” he said.

Still, the metrics are imperfect. State regulators increasingly perform quality tests to ensure safety, but no one checks to make sure that what someone is selling as “Green Crack” really matches weed branded under the same name elsewhere.

The data show variations in demand for various brand among regions. For example, Blue Dream has reigned as the most popular strain for flower in Colorado and Washington since 2014. But in Oregon, tokers favor a strain known as GG – formerly “Gorilla Glue,” until its purveyors got sued by the makers of the actual glue by the same name.

(This version of the story is,上海新夜网龙凤Hadleigh, refiled to fix typo in the first paragraph.)

Exclusive: Packager SIG Combibloc seeks Zurich listing in autumn -…

FRANKFURT ( ) – Swiss packaging maker SIG Combibloc is preparing an autumn stock market listing in Zurich that could value it at about 4.5 billion euros ($5.5 billion), three people close to the matter said.

Its private equity owner Onex (ONEX.TO) has hired Rothschild (ROTH.PA) as an IPO adviser, an上海夜生活论坛d other investment banks have also been contacted regarding their interest in helping organize a potential deal, the sources said.

A spokesman said SIG did not comment on speculation about its capital market plans. Rothschild declined to comment, while Onex was not immediately available for comment.

SIG makes cartons f,上海足浴夜网联系方式Dakota,or beverages and food and competes with larger rival Tetra Pak, a unit of Tetra Laval. It is expected to post earnings before interest, tax, depreciation and amortization of about 450 million euros this year.

A listing may value the company at 9-10 times that, including debt, in line with other peers including Bery (BERY.N), Ball (BLL.N), Silgan (SLGN.O), Bemis BMS.N or Polyone (POL.N), the sources said.

Onex bought SIG in 2015 from New Zealand billionaire Graeme Hart in a deal valued at 3.75 billion euros ($4.62 billion) that left the Canadian private equity company and SIG’s management as 100 percent owners.

In an increasingly crowded European equity raising market, Switzerland is seeing a flurry of stock market listings, including medical devices maker Medartis and sensor maker Sensirion announced this week.

Rothschild is also working on the Zurich IPO of cargo handler Swissport and, on an as yet unspecified exchange, the listing of logistics firm Ceva, sources have said.

SIG had been listed in Switzerland before as part of the Schweizerische Industrie Gesellschaft (SIG) conglomerate that made everything from juice cartons and passenger trains and military weapons. Its businesses were gradually sold off as the company trimmed its fo,上海夜网Radcliff,cus to packaging.

At the time of Onex’s purchase in 2015, the firm had seven production facilities across Europe, South America and Asia Pacific. It currently employs than 5,000 people at about 40 locations around the world.

($1 = 0.,上海新夜网龙凤Fabiana,8116 euros)

How Congo faced down some of the world’s biggest mining firms

DAKAR ( ) – In an ornate room in Democratic Republic of Congo’s presidential palace last week, some of global mining’s most powerful men faced off against government officials over proposed changes to the country’s mining code.

Facing the officials, including President Joseph Kabila, the executives at times threatened to pursue arbitration or close mines if the government went ahead with changes including royalty increases, according to one of the president’s top advisers, Barnabe Kikaya bin Karubi, who attended the meeting.

But there was no mistaking the sense of defeat as executives from Glencore (GLEN.L), Randgold RRS.L, Ivanhoe (IVN.TO) and other firms descended the red carpeted stairs after six hours to accept before the media a mining code that hikes taxes and removes exemptions for cobalt and other minerals.

It was an extraordinary climb down for companies that had campaigned tooth-and-nail for six years for better terms, and the president signed the bill into law two days later.

Congolese officials close to the process say that, in being so publicly combative, the miners overplayed their hand, and in so doing hardened the government’s resolve. “We realised the bad faith on their part,” said Patrick Kakwata, president of the National Assembly’s Natural Resources Commission, which oversees mining legislation.

“They only wanted to look after their own interests and not also the interests of the Congolese people.”

The changes to the mining code in Congo, which supplies some 60 percent of the world’s cobalt, could have repercussions for consumers around the world if mining companies pass on costs.

Cobalt is a key ingredient in lithium-ion batteries that power smartphones and electric cars. Rising demand for those products has caused cobalt prices to more than triple in the last two years.

The Congolese government’s success in facing down the companies’ lobbying could also signal a shift in the balance of power as countries sitting on increasingly lucrative resources become emboldened.

Congo’s effort could serve as a model for other countries looking to boost mining sector revenue, particularly those that can leverage demand for prized metals like cobalt.

TEAM DISPATCHED

Meeting participants Glencore, Randgold, Zijin (601899.SS), China Molybdenum (603993.SS) and Ivanhoe declined to comment for this story. The other participant, MMG, did not immediately respond to a request for comment.

Early last month, Randgold publicly threatened to challenge the new code through international arbitration if Kabi上海夜生活la did not return it to the mines ministry for further consultation with industry.

And, in December, several of Congo’s largest mining companies said in a statement that an earlier version of the code passed by the lower house of parliament would “cause the certain death of a young industry”.

On Thursday, the mining companies said in a statement they had dispatched a team of legal and technical specialists to Kinshasa for talks with the Congolese government about drafting measures to implement the code.

The companies said they hoped those discussions would include negotiations over royalties and taxes as well as recognition of the previous code’s stability clause.

Mines Minister Martin Kabwelulu, however, said after last week’s meeting that nothing agreed to in the follow-up negotiations could ,上海仙霞路夜生活Kade,contradict the terms of the new code.

The new mining code strips away a stability clause protecting existing investments from changes to the fiscal and customs regime for 10 years, opens the door for cobalt royalties to increase five-fold and introduces a 50 percent windfall profits tax.

The new code applies to all minerals, including copper, of which Congo is Africa’s top producer.

Companies could still challenge it through international arbitration. It is also unclear how rigorously the code will be enforced in a country where informal arrangements often supersede legal provisions.

In a joint statement issued by the Congo government and the mining executives directly after the meeting, the miners said they had received assurances from Kabila “that their concerns will be taken into account through a constructive dialogue with the government after the promulgation of the new mining law”.

“SUCKERED”

Private investors have poured money into Congo since Kabila signed the 2002 mining code at the tail end of a 1998-2003 war. But locals have seen few benefits. Congo rem,上海会所夜网Hadrian,ains one of the world’s least developed countries, plagued by corruption and poor governance.

In March 2015, the government submitted a bill to parliament that proposed raising royalties to levels higher than in the 2002 code but still lower than in most rival mining countries.

Mining companies resisted, saying that proposed changes to the code would “put the future of the country’s mining industry at grave risk” and urged the government to retain the 2002 code.

Following a steep drop in commodities prices, Congo’s government buckled to industry pressure and announced in March 2016 it was suspending consideration of the new code.

But as the commodity slump bit into the national economy last year – stretching foreign reserves to breaking point and pushing inflation to 47 percent – the government needed cash.

Parliament toughened up the code at the start of this year.

Protections under the previous code’s stability clause were axed entirely. A 10 percent royalty was introduced on “strategic substances”, which the prime minister’s office said this week would include cobalt and possibly copper.

Companies were also mandated to repatriate 60 percent of export revenues to Congo, up from 40 percent in earlier drafts.

Lawmakers involved in the negotiations did not provide clear explanations for how these last-minute changes came about, but two of them said that they had grown inured to doomsday warnings from miners about the code killing investment.

“There is this contradiction that emerges each time … when the miners declare losses (in Congo) when their mother company is only enjoying success,” said Alain Lubamba, an MP closely involved in the revision process.

“This means that we’re being suckered.”

Mining companies in Congo typically say that the high risk and cost of investing in the vast country with poor infrastructure hit profitability, justifying demands for favorable terms.

TENSE TALKS

Randgold, based in Jersey in the English Channel, formed a new lobbying platform with Glencore and others and requested an audience with Kabila.

The president accepted a meeting with top executives from six mining companies, but insisted they come to Kinshasa in person; no stand-ins would be admitted.

After a last-minute postponement by a day, the meeting finally began at around 2:30 p.m. last Wednesday with Kabila presiding.

Randgold CEO Mark Bristow, the miners’ designated spokesperson, started by laying out their main concerns and imploring Kabila to re-open negotiations. The other executi,上海夜生活桑拿会所Eason,ves chimed in from time-to-time, according to Kikaya, the Kabila adviser.

“For three hours, they were very confrontational and they were talking in terms of closing down the mines,” Kikaya said. Bristow couldn’t be reached for comment.

Kabila interjected occasionally, Kikaya said, urging the miners not to pursue arbitration.

“The president explained that this would be bad for everyone. He said, ‘Look you are a businessman. If you make a mistake, you lose money. I am a politician’,” Kikaya said.

A breakthrough appeared to come after Kabwelulu, the mines minister, promised the miners that their concerns would be addressed on a case-by-case basis in regulations to be hammered out after the code was signed, according to Kikaya.

Kabila then exited the room, leaving his advisers and the executives to figure out how to break the news.

How China’s ride-hailing giant Didi plans to challenge Uber in Mexico

MEXICO CITY/SAN FRANCISCO ( ) – Working quietly from a shared office space in one of Mexico City’s trendiest neighborhoods, China’s ride-hailing giant Didi Chuxing is planning to hit its archrival Uber where it hurts.

Mexico is one of Uber Technologies Inc’s [UBER.UL] most prized and profitable markets. The San Francisco firm boasts a near monopoly here, with seven million users in more than three dozen cities. Which is precisely why Didi wants to knock Uber from that comfortable perch.

To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team. Didi employees are riding incognito with Uber drivers and chatting up passengers to pinpoint weaknesses, according to people familiar with its strategy. And Didi is thinking bigger than Uber, with ambitions for bike-sharing, scooters and motorcycles in Mexico, the people say.

The Chinese firm has deep pockets, thanks to blue-chip global investors that include Apple Inc and Japan’s SoftBank Group Corp [9984.T]. In the past year alone, it has pulled in nearly $10 billion to help fund global expansion.

“I would not want to go to war with Didi,” said Beijing-based investor and adviser Jeffrey Towson. “They don’t lose.”

But whether Didi can beat its nemesis here is far from certain. Mexico is the Chinese firm’s first attempt at building an operation from scratch outside of Asia – a costly gambit.

What is clear is th,上海夜生活网419Jacob,at Didi is under pressure to keep growing to justify its $56 billion valuation. Latin America is the newest battleground for the old rivals, and Didi will be in enemy territory.

,上海新夜网龙凤Caden,“It’s fundamentally different when you’re jumping across an ocean,” said IHS Markit analyst Jeremy Carlson.

DIDI ASCENDING

Didi Chuxing Technology Co is the world’s largest ride-hailing firm by number of rides, thanks to its commanding market share in China, where it has 450 million users. It completed more than 7.4 billion rides last year, not quite double Uber’s count.

Uber learned the hard way about Didi’s brawn. After waging an expensive campaign to crack the Chinese market, Uber in 2016 sold its operation to Didi in exchange for a 17.5 percent stake in the Chinese firm, which also made a $1 billion investment in Uber.

The titans continue to butt heads as they race to carve up the rest of the globe. Uber is the top dog in Latin America, where Brazil and Mexico rank among its largest markets outside the United States. In Mexico, Uber held an 87 percent market share as of August, according to Dalia Research, a Berlin-based consumer research firm.

(For a graphic on Uber’s market share in Latin America, see: tmsnrt.rs/2FhfZHo)

Di上海夜生活网di wants to change that. was first to report that Didi had designs on Mexico, where it began recruiting employees last year.

The company declined to talk openly about its plans, but details of its strategy are emerging.

Nestled on the ninth floor of a WeWork shared office building in the capital’s Juarez neighborhood, Didi is building an operation from the ground up. In foreign markets such as India and the Middle East, it purchased stakes in existing companies. But Uber is so dominant in Mexico that there is no clear investment opportunity in a local competitor, according to people familiar with Didi’s thinking.

Hungry for experienced talent, Didi is aggressively recruiting current and former Uber employees, offering to nearly double their salaries in some cases, two people with knowledge of the matter said.

At the helm of Didi’s Mexico operation is Uber veteran Lin Ma, who helped launch Uber’s ill-fated venture in China. Now Didi’s director of international operations, Ma also worked on operations at 99, the Brazilian ride-hailing startup that Didi purchased at the end of last year, according to his LinkedIn profile.

Ma and others at Didi have so far poached at least five Uber managers and specialists in Mexico who have experience in operations, logistics, strategy, marketing and driver training, a review of LinkedIn profiles shows.

Ma declined to comment.

The company has yet to recruit drivers, and it is not clear which cities it will enter first, according to a person familiar with Didi’s strategy.

Rather than compete solely on price, the person said, Didi plans to promote safe drivers and fast response times; the company has built an algorithm to help it predict 15 minutes in advance where it should dispatch vehicles.

Didi is also considering offering bike-sharing, scooters and motorcycles in Mexico, while Uber so far has stuck to ride-hailing. A broad array of transport options helped Didi prevail in China.

But the biggest difference may come down to cash. To protect drivers, the person said, Didi will not handle cash fares in Mexico.

Uber, meanwhile, has pushed Mexican lawmakers hard for the right to accept cash in a region where tens of millions lack bank accounts. The move has generated business, along with controversy.

In Brazil, Uber saw a surge of robberies and murders of its drivers after the company began accepting cash there, according to a 2017 analysis. Uber says it has added tools to authenticate riders’ identities, better protecting drivers.

Mexico has not seen a similar wave of attacks so far. Nevertheless, Uber’s position puts it at odds with regulators in some Mexican states.

While Didi appears to be sidestepping that obstacle, it faces cultural hurdles in Latin America, according to Daisy Wu, head of international business at Yeahmobi, which helps Chinese startups go global.

Latin American consumers generally prefer U.S. brands to Chinese brands, she said, and Chinese business culture can be off-putting to local employees.

“Most of the Chinese companies that have gone to Latin America are still trying to be successful,” Wu said.

Didi, for example, bewildered Mexico job candidates by trying to schedule interviews the week of Christmas.

“I was very surprised … I was thinking, should I cancel my vacation?” one applicant told .

UBER’S BATTLE

Uber’s lead in Latin America, meanwhile, has taken on heightened importance as it prepares for a potential initial public offering next year.

The company, which lost $4.5 billion last year, is facing fierce competition at home and in Asia, and a regulatory crackdown in Europe. It is also recoverin,上海足浴夜网联系方式Gabriella,g from a year of scandals that saw co-founder Travis Kalanick forced out as chief executive in June amid multiple federal criminal probes and a workplace marred by sexual harassment allegations.

Andrew Macdonald, Uber’s vice president of operations for Latin America and Asia Pacific, said Uber is prepared to do what it takes to remain dominant in Mexico, a profitable market amid a sea of losses.

“Whether that’s more spending on customer acquisition or more deeply engaging with our existing customers, that will continue to be our focus,” he said.

Uber is committed to maintaining cheap fares for its basic service to keep its Mexican customers loyal, Macdonald said. But he said the company is considering adding more ride options such as upscale cars that would boost revenue.

If Uber is nervous about Didi stealing its lead in Mexico, it is not showing it. Macdonald said the learning curve is steep, something its rival is about to find out.

“Didi has significant bankroll,” Macdonald said. “But there are significant local complexities.”

Mexican opposition vows continuity on NAFTA team, lauds minister

MEXICO CITY ( ) – A top official from the opposition party leading the race to win the Mexican presidency in July said on Thursday the party could keep Mexico’s chief NAFTA negotiator and other officials if talks to rework the trade deal extend into the next government.

Yei上海夜生活论坛dckol Polevnsky, president of the National Regeneration Movement (MORENA) of leftist presidential front-runner Andres Manuel Lopez Obrador, also praised ,上海会所夜网Fabian,Economy Minister Ildefonso Guajardo, the chief NAFTA negotiator’s boss.

Mexico has been locked in talks with the United States and Canada since August to recast the 24-year-old North American Free Trade Agreement after U.S. President Donald Trump threatened to dump it if it was not changed to his liking.

“The negotiating team that Mexico has is a professional, technical team, a very valuable one,” Polevnsky told . “Of course we think it’s important to keep it.”

Headed by chief negotiator Kenneth Smith, the Mexican team comprises many career civil servants and answers to political appointees Guajardo and his deputy Juan Carlos Baker.

Guajardo, a member of President Enrique P,上海夜玩网论坛Pamela,ena Nieto’s ruling Institutional Revolutionary Party (PRI), has cast doubt on whether he could continue under a Lopez Obrador presidency.

It would be unusual for a new government, especially one led by a staunch critic of the PRI, to retain a minister with Guajardo’s political background. Lopez Obrador unveiled his own planned cabinet last December.

The next president takes office on Dec. 1, and the top jobs would ultimately be up to Lopez Obrador, Polevnsky said.

Still, she called Guajardo a “very valuable” official and indicated the door was open to Smith and others staying on to continue the negotiations under a MORENA government.

“Kenneth, of course. He’s extremely valuable,” she said, adding “Baker too” when asked if Guajardo’s deputy might also be retained. “There are a lot of very valuable people.”

Guajardo on Thursday urged officials to ,上海夜生活乌托邦Eason,wrap up the talks quickly, but conceded that was unlikely to happen before the regular session of the Mexican Congress ends on April 30.

That raises the possibility of the renegotiation extending well into 2018 or beyond.

Guajardo, speaking in Sao Paulo and asked whether he would stay on, told : “That will depend on who wins the election and if they decide to invite us.”

Lopez Obrador, whose criticism of Pena Nieto’s economic reforms has alarmed influential sections of the business community, has expressed support for NAFTA.

U.S. ‘disappointed’ by India’s visa refusal for religious rights panel

WASHINGTON,上海夜生活群Ida, ( ) – The U.S. State Department was “disappointed” India had refused visas to members of a U.S. commission that examines violations of religious freedom around the world, a spokesman said on Monday.

The commission, made up mainly of professors and leaders of non-profit groups appointed by the president and members of Congress, had planned to travel to India last week but New Delhi failed to issue them visas.

The Indian Embassy said in a statement on its web site that “a foreign entity” like the U.S. commission had no standing to pass judgment on the state of India’s constitutionally protected rights.

Robert George, a professor of jurisprudence at Princeton who chairs the commiss,上海足浴夜网联系方式Barbara,ion, said last week it was unfortunate that a secular democracy like India had refused a visit from the panel, which has been permitted in countries such as Saudi Arabia, Pakistan and China, which restrict religious freedoms.

State Department spokesman John Kirby said the United States was “disappointed by this news.”

“We’re supportive of the commission and the important role they play in reviewing facts and circumstances of violations of religious freedom around the world,” Kirby said.

He declined to say whether the State Department had discussed the issue with counterparts in New Delhi. But he did say the United States remained engaged “in a number of discussions” with the government on the issue.

The commission said in its 2015 report on religious freedom that incidents of religiously motivated and communal violence had reportedly increased for three consecutive years.

I上海夜生活论坛t said that despite India’s status as a pluralistic, secular democracy, New Delhi had long struggled to protect minority religious communities or provide justice when crimes occurred, creating a climate of impunity.

Non-governmental organizations and religious leaders, including from the Muslim, Christian, and Sikh communities, attributed the initial increase in violence to religiously divisive campaigning in the 2014 general election by the Hindu nationalist Bharatiya Janata Party, or BJP, which won the vote.

Since the election, religious minorities h,上海仙霞路夜生活Lark,ave been subject to derogatory comments by politicians linked the BJP and numerous violent attacks and forced conversions by Hindu nationalist groups.

Despite a much-heralded fresh start in U.S.-India relations under Prime Minister Narendra Modi of the BJP, the United States has run into problems arranging visits by other American officials, including the head of its office to combat human trafficking and its special envoy for gay rights.

CACI seeks to break up General Dynamics’ acquisition of CSRA

( ) – U.S. defense contractor CACI International Inc said on Sunday it had offered to merge with larger peer CSRA Inc, seeking to ,上海新夜网龙凤Paige,disrupt the latter’s $6.8 billion acquisition by General Dynamics Corp.

The move comes after CSRA agreed last month to sell itself to General Dynamics, another defense contractor, for $40.75 per share in cash, as companies in the sector seek to position themselves for a pickup in government spending under U.S. President Donald Trump’s administration.

CACI’s shares have jumped by more than a fifth in the last four months, emboldening the Arlington, Virginia-based company to use its stock as currency to pursue a transformative deal. CACI has a market capitalization of $3.9 billion, compared with CSRA’s $6.7 billion.

CACI’s $44 per share offer for CSRA consists of ,上海夜生活Easton,$15 per share in cash and 0.184 CACI shares for each CSRA share, CACI said in a statement. Under the terms of CACI’s offer, CSRA shareholders would own 55 percent of the combined company.

CACI said it expects to realize $165 million annually in net run-rate cost synergies, beating the cost benefits of CSRA’s deal with General Dynamics. It also argued its stock would make the deal more attractive to CSRA shareholders.

CSRA said on Sunday that its board of directors, in consultation with its legal and financial advisors, will carefully review CACI’s proposal. General Dynamics’ tender offer is currently scheduled to expire on April 3.

General Dynamics said later on Sunday it believes its all-cash offer is superior to CSRA shareholders and that it intends to proceed with the offer to buy CSRA.

“General Dynamics has secured all necessary regulatory approvals and has the funding in place to complete the transaction in early April,” it said in a statement.

CSRA provides information technology and related services to the U.S. Department of Defense and the intelligence community. General Dynamics is hoping that CSRA will help it grab more of the rec,上海夜网邀请码Hal上海夜网,ently increased U.S. defense budget. Under the terms of their deal, CSRA would have to pay General Dynamics a $204 million breakup fee to do a deal with someone else.

CACI has also been seeking to build scale through dealmaking. In 2016, it acquired the government services division of L3 Technologies Inc for $550 million in cash. It also made an unsuccessful offer to merge with Lockheed Martin Corp’s government information technology and services businesses.

Other recent deals in the sector include U.S. defense contractor Northrop Grumman Corp’s agreement last September to buy Orbital ATK Inc for about $7.8 billion, a deal that gives it greater access to lucrative government contracts and expands its arsenal of missile defense systems and space rockets.

CACI on Sunday also raised its 2018 diluted earnings per share guidance from its previous $10.95 to $11.19 range to a new range of between $11.26 and $11.50.

S&P falls for fourth day as Mueller subpoena weighs

NEW YORK ( ) – The S&P 500 ended slightly lower on Thursday after a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses offset strong jobs and manufacturing data.

The S&P fell to a session low soon after the New York Times report was r,上海高端夜生活在那里Lake,eleased but recovered much of its losses by the market close. It has fallen for four straight days, its longest losing streak since December.

The Dow pared some gains but still ended higher for the first time in four days.

As earnings season has drawn to a close, political developments, such as the ouster of Secretary of State Rex Tillerson this week, have significantly influenced the direction of U.S. stocks.

“The market is looking to bite on something to push it out of its trading range,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Earlier, the S&P had opened with gains as government data showed weekly U.S.,上海夜网推油Easton, jobless claims fell last week, pointing to a strong labor market. Manufacturing surveys from the New York Fed and Philadelphia Fed also pointed to a tightening labor market.

It also got a boost after Peter Navarro, the White House’s top adviser on international trade, said in a CNBC interview Trump’s tough approach to global trade, including tariffs on metals imports, would not necessarily provoke retaliation.

The Dow Jones Industrial Average .DJI rose 115.54 points, or 0.47 percent, to close at 24,873.66, the S&P 500 .SPX lost 2.15 points, or 0.08 percent, to 2,747.33 and the Nasdaq Composite .IXIC dropped 15.07 points, or 0.2 percent, to 7,481.74.

The S&P industrial index .SPLRCI, however, rose 0.3 percent, leading all sectors, and posted its first session of gains in four days as worries of a trade war eased. Caterpillar (CAT.N) was up 1.3 percent.

Among stocks, Alibaba (BABA.N) jumped 3.4 percent on a report that the Chinese e-commerce company was planning a secondary listing in China.

Dollar General上海夜网 (DG.N) rose 4.8 percent after the discount retailer’s quarterly same-store sales beat estimates.

Qorvo (QRVO.O) tumbled 3.9 percent after Bank of America said the radio frequency chipmaker could lose out to Broadcom (AVGO.O) for a spot in upcoming iPhones.

Declining issues outnumbered advancing ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favored decliners.

Volu,上海021夜网Barney,me on U.S. exchanges was 6.65 billion shares, compared to the 7.08 billion average over the last 20 trading days.

Time Warner looks appealing as antitrust trial underway: Barron’s

( ) – Shares of Time Warner Inc TWX.N look appealing based on their underlying value and on the strong chance that AT&T In,上海021夜网Jacklyn,c (T.N) will win approval for its $85 billion acquisition of the company, according to the March 26 edition of Barron’s.

AT&T squ,上海夜生活Sabrina,ared off with the U.S. Justice Department on Thursday in a long anticipated antitrust trial, as the two sides disputed whether the company’s purchase of Time Warner would be good for consumers or an expensive drag on innovation.

Time Warner’s stock price ended Friday around $11 below AT&T’s bid price of $103.60 a share, Barron’s said.

“That’s a 12 percent spread, which is appealing, given that many observers see AT&T prevailing over the U.S. government and completing their merger around mid-year,” the financial newspaper said.

Even if the government ends up winning and the deal dies, Time Warner shares might fall $5, but some analysts think they would quickly recover to th,上海夜网千花Talon,eir current value, given the company’s earnings power, Barron’s said.

Time Warner investors could end up even better off if the deal does not go through because the company’s earnings power could support a higher stock price than the deal’s current value, the newspaper said. It added that a Deutsche Bank analyst has a 12-month price target of $120 for the company 上海夜生活on a stand-alone basis.

The antitrust trial is expected to last six to eight weeks.

Written by shyw on February 3, 2019 Categories: yhlaanmq Tags: , , ,

Illinois lawmaker’s daughter charged in political staple attack

( ) – A daughter of an Illinois state representativ上海夜生活网e has been charged with participating in an,上海夜生活去哪玩Sabia, attack on one of her mother’s political rivals that included using a staple gun on the victim’s forehead, police and the victim said on Friday.

Jessica Soto and Bradley Fichter, both 26 and of Chicago, have been charged with three counts of aggravated battery in a March 6 attack on Robert Zwolinski, who was defeated in a primary this month by Soto’s mother, state Representative Cynthia Soto, Chicago police said.

Lawyers for the two were not immediately available for comment. The attack took place outside of Zwolinski’s c,上海夜生活Landon,ampaign office.

Frank Avila, a lawyer for the couple, told local media that Zwolinski started the fight and possibly put a stable in his own head for attention. Avila identified Soto as the daughter of Representative Soto ,上海高端夜生活在那里Sabine,and denied the daughter was part of the attack.

Police said Zwolinski was hit with a metal object and glass bottle. Zwolinski said the metal object was the staple gun and he had his forehead repeatedly stapled by the pair.

The night of the fight, Zwolinski posted photos on social media of a staple sticking out of his forehead, a bloodied face, and a swollen nose.

“The girl was yelling, while I was on the ground fighting the man off of me, ‘This is Soto’s territory! This isn’t your territory,’” Zwolinski said.

Representative Soto could not immediately be reached.

Written by shyw on February 2, 2019 Categories: 上海夜生活 Tags: , ,