Business

BP profit surges as oil major leaves downturn behind

BP profit surges as oil major leaves downturn behind

Bob Dudley, who took over as CEO six months after the Gulf of Mexico spillage, said: "2017 was one of the strongest years in BP's recent history". "We're looking to generate much higher levels of free cash flow all the way through to the end of the decade and beyond".


Trade Deficit Widened by $2.7 Billion in December

Trade Deficit Widened by $2.7 Billion in December

The Commerce Department released figures on Tuesday that shows the trade gap in goods and services rose to $566 billion previous year, the highest level since $708.7 billion in 2008. Recently, Trump levied steep tariffs on imported solar panel technology and washing machines, which immediately boosted prices for USA consumers. The surge in the December trade deficit was flagged by an advanced goods trade deficit report published in late January.


Amazon Alexa's Star-Studded Super Bowl Commercial 2018

Amazon Alexa's Star-Studded Super Bowl Commercial 2018

Check out the clip below. Amazon.com Inc.is advertising its Alexa-powered speakers in the big game on Sunday. In September 2014, the company patented techniques to prevent Alexa from waking up "as part of a broadcast watched by a large population (such as during a popular sporting event)".



Viavi Solutions Inc. (VIAV) sticks almost -0.35% in last 5 trades

The company's institutional ownership is monitored at 94.7 percent. Viavi Solutions Inc . provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. Likewise, the performance for the quarter was recorded as -7.67% and for the year was 5.77%. For the year, the company declared that its loss widened to $185.6 million, or $2.35 per share.


RBA leaves interest rates on hold at record low of 1.5 percent

RBA leaves interest rates on hold at record low of 1.5 percent

The RBA maintains CPI inflation will edge into its 2-3 per cent target band later this year. It has tipped the bank's rate to hit 1.25 per cent in 2019. "Over the long term, we see vulnerabilities stemming from high household leverage, weak productivity growth and foreign funding needs", Redeker adds.