Sale of German broadband provider rescues buyout firm’s performance

Investors braced for years of lower payouts by some of the most reliable dividend-paying stocks

Instant messaging service Telegram has amassed 400 million monthly active users, it said today, up from 300 million active users the seven-year-old service disclosed to the SEC last October. The service — founded by Pavel Durov, who also created Russian social networking site VK — said it adds about 1.5 million users each day and […]

The government of Canada contributed CAD 450,000 (just over CHF 300,000) in 2020 to help developing countries and least-developed countries (LDCs) comply with international food safety, animal and plant health standards, with the aim of increasing their access to agricultural markets.

The worlds of virtual and augmented reality have yet to land on the applications and hardware to truly spark mass-market, consumer interest in the space, but in the meantime, a startup building mixed reality services for business users has raised a round of funding, underscoring the opportunity in enterprise. Spatial, which has developed a “holographic” […]

DoorDash has reached an agreement with Square to purchase on-demand food delivery and catering business Caviar. DoorDash has agreed to pay Square $410 million in cash and preferred DoorDash stock. Square bought Caviar about five years ago in a deal worth about $90 million. Now, Caviar has found a new home with DoorDash, the on-demand […]

PwC has appointed the former CEO of Transdev Australasia, Jonathan Metcalfe, to lead the public transport practice.

PwC Chief Executive Luke Sayers today announced the members of an external advisory board charged with moving the firm towards greater diversity and inclusion among its people.

The global mining industry's fight for value and free cash flow has descended into a brawl, after 2014 saw the world's 40 largest miners ramp up production, slash capital spending, and rein in costs.

PwC today announced their new partners from 1 July 2015. A total of 64 individuals will be admitted to the partnership across all of the firm's businesses and most of its geographies.

PwC’s asset management leader, Ken Woo, said Japan’s commitment to creating a regional market for managed funds represents a ‘tipping point’ in terms of momentum for the initiative.

The PwC network reported total global gross revenues of US$35.4 billion for the fiscal year ended on 30 June 2015.

The economic impact of obesity will reach $87.7 billion and affect one-third of Australians by 2025 based on current trends and without further intervention.

If the company tax rate was reduced from 30 to 25 per cent over the next five years gross domestic product (GDP) would grow $291 billion and income tax revenues would generate $4 billion up to the year 2025, PwC modelling released today shows.

PwC has joined forces with leading not-for-profit food safety agency SSAFE to develop a new industry tool to help fight food fraud and protect consumers.

Providing every primary school in the country with access to at least one specialist science, technology, engineering and mathematics (STEM) teacher could be possible if teachers are incentivised to acquire STEM specialisations and collaboration between schools is prioritised.

A standalone plebiscite with a compulsory vote on marriage equality could cost the Australian economy $525 million according to modelling released by PwC Australia today.

PwC Australia has recruited former CEO and Managing Director of David Jones Limited, Paul Zahra as Global Retail Advisor to add fuel to its growing retail and consumer practice.

The world's top 40 mining companies were in a race to the bottom in 2015, with falling market capitalisations and net losses leaving them slower, lower and weaker, according to PwC's Mine 2016 report released today.

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]

In the April 2020 update of its Short-Term Energy Outlook (STEO), released on April 7, and before a recently announced agreement by oil producing countries to limit production, the U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production will average 11.8 million barrels per day (b/d) in 2020, a 4% decline from the 2019 production levels. Crude oil production will average 11.0 million b/d in 2021, a 6% decline from 2020 (Figure 1). If realized, the STEO 2020 production decline would mark the first annual decrease since 2016. The majority of the forecasted production decline occurs between the first and fourth quarters of 2020, dropping from 12.7 million b/d to 11 million b/d (13%) and remaining around that level through 2021. The forecast did not incorporate the April 12 joint announcement by the Organization of the Petroleum Exporting Countries (OPEC) and several other non-OPEC countries to reduce crude oil production. These production reductions may significantly affect global balances and could provide upward price pressure that would affect U.S. crude oil drilling and production. ...

On Monday, April 20, 2020, New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) crude oil front-month futures prices fell below zero dollars per barrel (b)—at one point, trading at -$40.32/b (Figure 1)—and remained below zero for part of the following trading day. Monday marked the first time the price for the WTI futures contract fell below zero since trading began in 1983. Negative prices in commodity markets are very rare, but when they occur they typically indicate high transactions costs and significant infrastructure constraints. In this case, the WTI front-month futures contract was for May 2020 delivery, and the contract was set to expire on April 21, 2020. Unless they have made other arrangements ahead of time, market participants that hold WTI futures contracts to expiration must take physical delivery of WTI crude oil in Cushing, Oklahoma. Typically, most market participants close any futures contracts ahead of expiration through cash settlement in order to avoid taking physical delivery, and only about 1% of contracts are physically settled. The extreme market events of April 20 and April 21 were driven by several factors, including the inability of contract holders to find other market participants to sell the futures contracts. In addition, in this case, the scarcity of available crude oil storage meant several market participants sold their futures contracts at negative prices, in effect paying a counterparty to close out of the contracts. ...

Transportation fuel demand in the United States has decreased since mid-March 2020, as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19). With low demand and a decrease in profitability, as measured by crack spreads, U.S. refineries have reduced gross inputs (runs), which dropped to 12.8 million barrels per day (b/d) for the week ending April 17, 3.8 million b/d lower than the previous five-year (2015–19) average and the lowest level since 2008 (Figure 1). Gross inputs increased slightly to 13.2 million b/d the week of April 24. ...

1. Bank defaulters flee country, CBI files case following SBI complaint after 4 yrs  Hindustan Times
2. Another Bank Defaulter Flees Country, SBI Complains To CBI After 4 Years  NDTV
3. CBI books directors of Ram Dev International for loan default  The New Indian Express
4. SBI complains to CBI after ₹411 crore loan defaulters flee country  The Hindu
5. Rs 411 crore loan defaulters flee country, SBI complains to CBI after four years  Daijiworld.com
6. View Full coverage on Google News

1. ICICI Bank Q4 net profit rises 26% to Rs 1,221 crore  Times of India
2. ICICI Bank Q4 profit grows by 26%, misses estimates on COVID-19 provisions; NPAs dip  Moneycontrol.com
3. ICICI Bank Q4 net up 26% at ₹1,221 cr but misses estimates on virus provisions  Livemint
4. ICICI Bank Q4 Results: Profit Rises 26% Even As Provisions Nearly Triple  BloombergQuint
5. ICICI Bank to announce Q4 numbers today: Here's what to watch out for  Moneycontrol.com
6. View Full coverage on Google News

Shares of One Medical are worth $19.50 this morning after the venture-backed unicorn priced its IPO at $14 per share last night. The company opened at $18 before rising further, according to Yahoo Finance data. At its current price, One Medical is worth about 40% more than its IPO price, a strong debut for the […]

Fresh off of a large round of layoffs, Lyft reported its Q1 results this afternoon. The ride-hailing company disclosed that it generated revenue of $955.7 million in the first three months of 2020, up 23% from its year-ago Q1 revenue result of $776 million. The company’s net loss of $398.1 million was also an improvement […]

Countingup, the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures. Founded by Tim Fouracre, who previously founded cloud accounting software Clear Books, and now boasting 20,000 business customers, Countingup’s long term vision […]

Summary Excerpt:

U.S. Heating Oil and Propane Prices
(Dollars per Gallon) 3/30/2020

Heating Oil Residential
2.421 .. U.S.
2.440 .. East Coast
2.010 .. Midwest
Heating Oil Wholesale
1.172 .. U.S.
1.172 .. East Coast
1.192 .. Midwest
Propane Residential
1.869 .. U.S.
2.544 .. East Coast
1.460 .. Midwest
2.119 .. Gulf Coast
1.616 .. Rocky Mountain
Propane Wholesale
0.433 .. U.S.
0.530 .. East Coast
0.389 .. Midwest
0.389 .. Gulf Coast
0.399 .. Rocky Mountain

U.S. Distillate and Propane/Propylene Stocks
(Millions of Barrels) 3/27/2020

122.2 ... Distillate Stocks
64.668 .. Propane/Propylene Stocks

U.S. Distillate and Propane/Propylene Production and Demand
(Millions of Barrels per Day) 3/27/2020

Distillate
4.966 ..Production
3.907 ..Demand
Propane/Propylene
2.100 ..Production
1.352 ..Demand

Fortunately, there are a number of ways for brick-and-mortar stores to simplify this difficult process.

The U.S. lost a record 20.5 million jobs over the past month.

Summary Excerpt:

Regular Gasoline Retail Price
(Dollars per Gallon)
1.789 .. U.S.
1.794 ... East Coast
1.825 .... New England
1.983 .... Central Atlantic
1.665 .... Lower Atlantic
1.573 ... Midwest
1.488 ... Gulf Coast
1.772 ... Rocky Mountain
2.441 ... West Coast
2.208 ... West Coast less California

States
2.635 .... California
1.650 .... Colorado
1.740 .... Florida
1.844 .... Massachusetts
1.516 .... Minnesota
2.045 .... New York
1.576 .... Ohio
1.429 .... Texas
2.228 .... Washington

Cities
1.888 .... Boston
1.917 .... Chicago
1.589 .... Cleveland
1.613 .... Denver
1.519 .... Houston
2.633 .... Los Angeles
1.818 .... Miami
1.960 .... New York City
2.735 .... San Francisco
2.531 .... Seattle


On-Highway Diesel Fuel Retail Price
(Dollars per Gallon)
2.399 .. U.S.
2.510 ... East Coast
2.652 .... New England
2.688 .... Central Atlantic
2.360 .... Lower Atlantic
2.248 ... Midwest
2.169 ... Gulf Coast
2.370 ... Rocky Mountain
2.899 ... West Coast
2.545 ... West Coast less California
3.191 .... California

When every new business is launching digitally, you need these things to stand out.

Even if you work alone, the brand-enhancing ideas of others can help push you forward.

McDonald's on Friday fired its CEO, Steve Easterbrook, for violating its policy of having a relationship with an employee.

Papa John's founder and former CEO John Schnatter slammed the pizza chain he founded in an interview with local news.

These low-cost franchises are worth your time, energy and investment.

Three important steps can save your business for the future.

Join Harvard Business School Professor Rebecca Henderson as she discusses why entrepreneurs are central to building a better world and why there are million dollar businesses to be built along the way.

Some timely advice for restaurants and retailers struggling to stay open during the pandemic.

Trying times demand innovative measures for online and social media marketers.

Fortunately, there are a number of ways for brick-and-mortar stores to simplify this difficult process.

Nurturing your company culture, strengthening community ties, delivering what your customers need and putting your best foot forward on your website are sound strategies for weathering the storm.

Even if you work alone, the brand-enhancing ideas of others can help push you forward.

Fortunately, there are a number of ways for brick-and-mortar stores to simplify this difficult process.

Tom Cullen, 34, is a Welsh writer, actor and director who played Viscount Gillingham in Downton Abbey. His directorial debut, the film Pink Wall, is out now.

The Geordie presenting duo, both aged 44, are also reported to have legally trademarked their name to protect their brand for years to come.

General Circular No: 65/2011 - dated 04.10.2011 - Company Law Settlement Scheme, 2011

General Circular No: 66/2011 - dated 04.10.2011 - Allotment of Directors Identification Number (DIN) under Companies Act, 1956

Channel Nine have started reaching out to former Married At First Sight stars to offer them round-the-clock psychological support going forward.