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Saturday
15
December 2018

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Markets

2,675.87 0.27%
Volume
142,188,944
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0.27%
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3,520
16
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7
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4,898.15 2.68%
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2,829
16
Up
3
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10
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BBK
0.44
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1.29
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14.1
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4.58
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1.29
FAB
14.1
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1.29
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1.08
Emaar
4.58
Michael Bloomberg donates record $1.8 billion to Johns Hopkins - Dotemirates
3 week 5 day

Michael Bloomberg donates record $1.8 billion to Johns Hopkins

Former New York Mayor Michael Bloomberg announced Sunday that he is donating a record gift to an academic institution — $1.8 billion to his alma mater, Johns Hopkins University. Bloomberg said the boatload of money will ease the financial burden of low- and middle-income students at the prestigious Baltimore school by eliminating their need for loans. “America is at its best when we reward people based on the quality of their work, not the size of their pocketbook,” the three-term mayor and potential 2020 presidential candidate said in a statement. “Denying students entry to a college based on their ability...


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Meet the wealth firm that proudly hires brokers with checkered pasts — from hot-dog thieves to serial email-deleters

Ed Cofrancesco, the president of International Assets Advisory. IAA A Florida wealth-management firm that oversees $500 million hires brokers who've had run-ins with the law or regulators. Some of the brokers reported minor infractions, such as shoplifting as a teenager, while others faced enforcement actions from groups like the Financial Industry Regulatory Authority. The midsize firm's strategy — which industry headhunters say is unique — helps it broaden the talent pool, according to its founder. One would-be broker stole two hot dogs while drunk in college. Another was fined and fired when his firm created and forced him to sell...
1 week 3 day

Here’s what’s closed for former President George H.W. Bush’s funeral on Wednesday

Last Updated Dec 4, 2018 5:04 PM EST Wednesday will be an effective federal holiday as the nation mourns the death of former President George H.W. Bush. President Donald Trump declared it a National Day of Mourning, meaning that nearly all federal workers would be excused from work and their agencies would be closed.The former president will be given a state funeral Wednesday at the National Cathedral in Washington, D.C. After the ceremony, his body will be moved to Texas, where he will be buried at his presidential library. Mr. Bush died on Friday evening at the age of 94.National...
1 week 3 day

Uber announces new minibus service in traffic-mad Egypt

CAIRO: Uber launched a new minibus service on Tuesday in traffic-mad Cairo, Egypt’s capital and one of the US ride-sharing giant’s fastest-growing markets.A part of an aggressive push into emerging countries, the company hopes to draw millions of Egyptians into ride-sharing from chronically congested, pollution-filled urban landscapes and replace personal automobiles. It is already investing $100 million into a Mideast and North Africa customer support center in Cairo.At a news conference with the famed Pyramids at Giza in the background, CEO Dara Khosrowshahi said the company wants to grow its global number of users from 100 million to 1 billion,...

1 week 3 day

Trump's AmericaDonald Trump flags trade truce extension but reminds China's Xi Jinping 'I'm a Tariff Man'

US President Donald Trump has held out the possibility of an extension of the 90-day trade truce with China but made clear he would revert to tariffs if the two sides could not resolve their differences.Mr Trump said his team of trade advisers, led by China trade hawk and US trade representative Robert Lighthizer, would determine whether a "REAL deal" with China was possible."If it is, we will get it done," Mr Trump said in a Twitter post. "But if not remember, I am a Tariff Man."The Republican president indicated he would not be opposed to extending the 90-day truce...
1 week 3 day

‘Premature’ to confirm OPEC+ cuts: Saudi minister

LONDON: Saudi Energy Minister Khalid Al-Falih has dismissed suggestions that OPEC and its partner producers such as Russia will cut output at the next meeting as “premature.”The oil producers are scheduled to meet in Vienna on Dec. 6 to discuss production policy for the next year.Speaking in an interview with Bloomberg TV on Tuesday, the minister said that talks between producers were needed to “hear about their views about supply, demand and projections of their own country’s production,” before deciding on the best course of action for the market.“We just need to figure out what needs to be done and...
1 week 3 day

Marriott breach sparks multibillion-dollar suits, with more to come

Two class-action lawsuits already have been filed against Marriott after the hotel chain revealed a massive breach of its systems that compromised 500 million customers. One of the suits is seeking billions in damages. And many more are on the way, according to industry experts.Lawyers in Oregon filed a class-action lawsuit Friday on behalf of David Johnson, a lawyer, and Chris Harris, a business owner. Johnson had noticed unauthorized purchases on his credit card recently and believes it was due to the hack, according to Michael Fuller, an attorney for the plaintiffs. (Harris reportedly had to replace a credit card...