Posts by Swedan Margen
Bain seeks next airline after tripling money on Virgin Australia
[SYDNEY] Bain Capital is scouting for its next airline deal after already more than tripling its money on Virgin Australia Holdings. The US buyout firm sold a 30 per cent stake in Virgin Australia, the country’s second-largest airline, in a A$685 million (S$572 million) initial public offering (IPO) last month. That swelled Bain’s return to…
Read MoreWells Fargo suspends China travel after employee exit ban: source
[NEW YORK] Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source familiar with the matter told Reuters on Thursday (Jul 16), causing broader anxiety about the risks of travel in the country. The US banking giant’s Chenyue Mao was subjected to an exit ban after…
Read MoreLululemon’s best-selling black leggings pile up at outlet stores
[NEW YORK] Lululemon Athletica is facing slowing sales, fewer store visitors and waning demand for its iconic black leggings as the yogawear retailer tries to pull itself out of a rough patch. Lululemon’s core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, according to Randal Konik, an…
Read MoreOil jumps US$1 after further drone attacks on Iraq oil fields
[HOUSTON] Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Brent crude futures settled at US$69.52 a barrel, up US$1.00, or 1.46 per cent. US West Texas Intermediate crude futures finished at US$67.54 a barrel, up US$1.16,…
Read MoreUS: S&P 500, Nasdaq end at record highs after solid retail data
[NEW YORK] Wall Street stocks rose to fresh record highs on Thursday (Jul 16) as markets focused on solid US retail sales data and corporate earnings rather than lingering worries about US President Donald Trump’s tariffs. The broad-based S&P 500 rose 0.5 per cent to 6,297.36, while the tech-rich Nasdaq Composite Index gained 0.8 per…
Read MoreIn Congress, Two Paths Emerge for Republicans on Immigration
Border security is a settled issue, but the questions of what to do with legal immigration and long-term illegal residents still divide the party. Source link
Read MoreEurope: Shares see first daily gain in five on strong earnings
[BENGALURU] European shares snapped a four-day losing streak on Thursday (Jul 16), boosted by gains in industrials ABB and Legrand after they reported positive earnings news. The pan-European Stoxx 600 index closed 1 per cent higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5 per cent, while France’s CAC 40 added…
Read MoreEverything That’s Going On
Something has gone Deeply Wrong in the United States since November of last year. Source link
Read MoreApollo 11 Moon Landing Was Faked? Buzz Aldrin Interview with Conan O’Brien Admitting No One Went to Moon Goes Viral
As the US commemorates the 59th anniversary of the Apollo 11 moon landing, resurfaced video clips of Buzz Aldrin have sparked renewed conspiracy theories suggesting the mission was faked. This isn’t the first time that questions have been raised about the mission. Aldrin, the second person to walk on the moon after Neil Armstrong, has…
Read MoreDid Captain Sumeet Sabharwal Intentionally Crash Air India Plane? Investigation Focuses on Pilot Who ‘Remained Calm’ While First Officer ‘Panicked’
Investigators examining the Air India crash are focusing on the actions of the captain, who stayed composed while the first officer panicked over a potential fuel cutoff to the engines. Black-box audio indicates it was Captain Sumeet Sabharwal who flipped the switches, according to sources familiar with the U.S. side of the investigation. US pilots…
Read MoreAmmonite Discovered Beyond Pluto: Is This the Real Ninth Planet?
Japanese astronomers have discovered a far-off object orbiting the Sun well beyond Neptune, suggesting that an extraordinary event occurred in the early solar system. The discovery was made by astronomers using the Subaru Telescope, which is situated atop a dormant volcano in Hawaii. They observed a tiny object orbiting 252 astronomical units (AUs), which is…
Read MoreSingapore’s First Case: 41-Year-Old Man Charged for Making DIY Kpods at Yishun Residence
A 41-year-old man who allegedly made drug-laced vapes, or Kpods, at home was charged on Thursday, July 17, in Singapore. The Health Sciences Authority (HSA) said Mohammed Akil Abdul Rahim was manufacturing e-vaporizer pods containing etomidate at home with an intention to sell them. According to HSA, Akil’s case is the first of its kind…
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