Business


London's Night Tube gets off to a smooth start with 50000 passengers

The London Underground started running all-night rides on two lines, the Victoria and Central, coming into line with mass-transit practices in NY and Paris and other party-down towns. But Superintendent Chris Horton insisted there was "no reason" why passengers would not be as safe as during the day. He said the force would focus on "being visible" and ensuring it was "able to intervene in places that are likely to see significant issues".


Household Spending Buoyed Economy Before EU Referendum, GDP Figures Show

Household Spending Buoyed Economy Before EU Referendum, GDP Figures Show

Measures of household confidence plunged in July, but retail sales actually surged that month as warm weather fuelled food and clothing sales. Many big companies have reported little immediate impact from the vote in Britain, including retailers John Lewis and Next, the world's biggest staffing company Adecco and carmaker BMW.


Biden announces $2.45 billion federal loan to Amtrak

Biden announces $2.45 billion federal loan to Amtrak

US Vice President Joe Biden, a strong advocate of high speed rail, said at a ceremony that strengthening the Acela service is crucial as it serves one of the most densely populated and economically important regions of the country. A January report from the Government Accountability Office said it is hard to determine how well various Amtrak lines perform financially because the agency does not keep sufficient records.



Brokerage Perspectives On Whiting Petroleum Corporation (NYSE:WLL)

Marathon Oil Corporation's (MRO) witnessed a loss of -0.31% in recent trading period with closing price of $ 16.01. Sell-side analysts are often tasked to provide a target price for where they predict shares will be trading in the future. The Board of Directors of Alcoa Inc. Marathon Petroleum Corporation (NYSE:MPC) down -1.39% for the past 5 days, is under coverage of 18 analysts who collectively assign a buy rating on stock.


Fed's Mester: Makes Sense For US To Start Raising Rates

Fed's Mester: Makes Sense For US To Start Raising Rates

Traders now put chances of a December rate hike at about 42 per cent. However, he said, for negative rates to be fully effective, paper money would have to be made more costly to hold or else be abolished altogether in favor of electronic currency.


Tesla wins FTC approval to buy SolarCity in $2.6 billion deal

Tesla wins FTC approval to buy SolarCity in $2.6 billion deal

Hence, Tesla's CEO will put $65 million towards the overall $124 million that the solar company is expected to raise. The bonds are issued directly, online, and there are no fees for investors either. According to data compiled by Bloomberg, Lyndon Rive is the seventh-largest shareholder in the solar company, whereas Peter Rive is the eighth-largest shareholder.