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21 Feb 2017 11:28 #336103
by chairman
Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March.
The revived possibility of a U.S. rate hike next month, together with demand for risky assets, propelled bond yields higher but weakened gold prices.
Oil futures rose more than 1 percent after OPEC said it was sticking to its deal to reduce output.
The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S. President Donald Trump and a Republican-controlled Congress.
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21 Feb 2017 12:39 #336114
by chairman
Kraft Heinz Co's (KHC.O) rapid retreat from its surprise $143 billion bid for Unilever (ULVR.L) (UNc.AS) in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach.
Kraft, which is backed by Warren Buffett and the private equity firm 3G, wanted to buy Unilever as part of its strategy to become a global consumer goods giant by buying competitors and cutting costs and jobs to drive profits.
However, the U.S. food group had not factored in Unilever Chief Executive Paul Polman dismissing its offer as having no financial or strategic merit and refusing to come to the table.
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21 Feb 2017 17:49 #336166
by ketchim
I say go where your Mom lives.
Florida, it is !
I now regret not having my Dad come live with me
in spite of living 15 minutes away.
now he gone ..... :'(
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21 Feb 2017 17:50 #336167
by chairman
Here the issue the lady sAy she four boys live in ny. Why would she want to be so far away
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