• Like 'rain': LA teachers sue Delta over fuel dump
    Reuters Videos

    Like 'rain': LA teachers sue Delta over fuel dump

    Teachers from Los Angeles County's Park Avenue Elementary School held back tears on Friday as they described the moment they were showered with jet fuel from a Delta airplane that was forced to return to LAX to make an emergency landing due to engine trouble. Attorney Gloria Allred, at a news conference on Friday announcing the litigation, said four teachers affected by the incident have sued Delta for negligence for dumping fuel in a densely populated area at low altitude earlier this week. On Friday, an airline spokesman declined to comment on pending litigation. Critics have said the jet could have dumped fuel over the ocean more safely, unless it were in an absolutely dire situation. Social media users captured video of the Boeing 777 jet, which had taken off to Shanghai with 181 people on board, emitting streams of fuel from the tips of its wings as it returned to the airport. The fuel dump caused minor injuries to at least 44 children and adults on the ground. Delta said on its website that airline cleaning crews worked with school crews to clean surfaces students may come into contact with. The crew that decided to dump the fuel, which fell on several Los Angeles area schools, didn't inform air traffic controllers they planned to do so, and the FAA is investigating. Delta previously said the fuel was dumped to reach a safe landing weight.

  • Wall Street hits new highs
    Reuters Videos

    Wall Street hits new highs

    The Dow eked out a gain Friday to stretch its winning streak to a fifth day. Encouraging economic data from the U.S. and China lifted investor sentiment. Homebuilding in the U.S. surged to a 13-year high in December, and China's industrial output, investment and retail sales rose more than expected last month. The data helped drive the three indexes to new highs. The S&P 500 up nearly four-tenths percent. For the week, the indexes rose roughly 2%. Mercadien Asset Management president, Ken Kamen: SOUNDBITE: MERCADIEN ASSET MANAGEMENT PRESIDENT, KEN KAMEN (ENGLISH) SAYING: "The consumer's very strong. So I think there's a lot of reason for optimism, and the markets' kind of fueling that." Shares of China sensitive chipmaker Qualcomm shot higher. Citigroup upgraded the chipmaker to "buy" from "neutral," citing among other factors, the likelihood that Qualcomm will gain market share in China with its 5G chipsets. Financial stocks including JPMorgan and Citizens Financial were among the rally leaders. A 61% surge in quarterly profit at the custodian bank, State Street, spurred the buying. Energy stocks were the day's biggest decliners. Shares of oilfield service provider Schlumberger slid even though its adjusted earnings beat Wall Street's targets The markets will be closed Monday for the Martin Luther King holiday.

  • Government run health care: A cost-saver or 'unfair competition'?
    Yahoo Finance

    Government run health care: A cost-saver or 'unfair competition'?

    Amid surging health care costs and acrimonious public debate, a new study found that a public-run system would save money over time.

  • Financial Times

    Facebook apologises after Xi Jinping name translated as an obscenity

    Facebook has been forced to apologise after a “technical issue” caused Chinese president Xi Jinping’s name to be rendered as an obscenity in Burmese-to-English translations. On Saturday the Chinese president’s name appeared as “Mr Shithole” in translations from Myanmar’s main language into English, including on the Facebook pages of news website The Irrawaddy and Ms Aung San Suu Kyi’s office. “Mr Shithole, President of China arrives at 4pm,” one of the posts read when translated into English.

  • IT happens: Facebook sorry for Xi Jinping's name gaffe
    AFP News

    IT happens: Facebook sorry for Xi Jinping's name gaffe

    Facebook apologised Saturday for a distasteful mistranslation of Chinese President Xi Jinping's name from Burmese language posts during his much-touted visit to Myanmar. The error most notably appeared on the official Facebook page of Myanmar's civilian leader Aung San Suu Kyi.

  • How Important Is The Suriname Oil Discovery?
    Oilprice.com

    How Important Is The Suriname Oil Discovery?

    Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast

  • Associated Press

    Delta and its pilots ask mediator for help in contract talks

    Delta Air Lines and its pilots want a federal mediator to step in after eight months of negotiations have failed to produce a contract agreement between the airline and the pilots’ union. In a statement Friday, Delta said filing for federal mediation “allows both sides to have more productive conversations” to reach an agreement more quickly. Atlanta-based Delta relied on overtime to operate during the busy summer travel season last year.

  • Why Nvidia (NVDA) Stock is a Strong Buy Ahead of 2020 Chip Growth
    Zacks

    Why Nvidia (NVDA) Stock is a Strong Buy Ahead of 2020 Chip Growth

    Nvidia shares have soared roughly 60% in the last year as part of a broader semiconductor market climb that has come despite an overall sales and earnings downturn. So is now the time to buy NVDA stock?

  • Google Joins The Trillion-Dollar Club: Who's Next?
    Zacks

    Google Joins The Trillion-Dollar Club: Who's Next?

    Google Joins The Trillion-Dollar Club: Who's Next?

  • Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT
    Zacks

    Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT

    Alphabet's trillion dollar valuation, Amazon's India troubles and TSM's upbeat earnings announcement are the top stories in this daily.

  • Which Stocks are in the $1 Trillion Club?
    Zacks

    Which Stocks are in the $1 Trillion Club?

    The $1 Trillion Valuation Club is one of the most exclusive groups on Wall Street, and it just added its newest member.

  • Buy Google parent Alphabet Stock at its New $1 Trillion Market Cap?
    Zacks

    Buy Google parent Alphabet Stock at its New $1 Trillion Market Cap?

    Shares of Google parent Alphabet Inc. (GOOGL) have jumped 9% in 2020 to help it ascend into the $1 trillion market cap club. Is it time to buy?

  • US STOCKS-Wall Street hits new high as data boosts growth outlook
    Reuters

    US STOCKS-Wall Street hits new high as data boosts growth outlook

    The S&P 500 gained 0.21% to 3,323.61 and the Nasdaq Composite was up 0.05% at 9,362.01. Declining issues outnumbered advancers for a 1.06-to-1 ratio on the Nasdaq. The S&P index recorded 122 new 52-week highs and no new lows, while the Nasdaq recorded 186 new highs and nine new lows.

  • Air Products and Chemicals (APD) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Air Products and Chemicals (APD) Reports Next Week: Wall Street Expects Earnings Growth

    Air Products and Chemicals (APD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • The Zacks Analyst Blog Highlights: JNJ, BHP, MCO, NVDA and DAL
    Zacks

    The Zacks Analyst Blog Highlights: JNJ, BHP, MCO, NVDA and DAL

    The Zacks Analyst Blog Highlights: JNJ, BHP, MCO, NVDA and DAL

  • Cambridge Analytica email chain with Facebook sheds new light on data misuse scandal
    TechCrunch

    Cambridge Analytica email chain with Facebook sheds new light on data misuse scandal

    Cambridge Analytica whistleblower Brittany Kaiser has released new documents today that illuminate the initial jockeying between the company and Facebook as they discussed the need for Cambridge Analytica to delete data associated with 87 million Facebook users' profiles. The data was improperly obtained in 2014 by researchers with access to Facebook's developer platform who were being paid by Cambridge Analytica to obtain and process social media users' information for the purpose of targeting political ads. In December 2015 a Guardian article about Cambridge academic Dr Aleksandr Spectre (Kogan) outlined how he had acquired the Facebook profiles for research, and that Cambridge Analytica had improperly acquired that data.

  • Is Bristol-Myers Squibb (BMY) a Good Stock to Pick Now?
    Zacks

    Is Bristol-Myers Squibb (BMY) a Good Stock to Pick Now?

    Is Bristol-Myers Squibb (BMY) a great pick from the value investor's perspective right now? Read on to know more.

  • SkyWest (SKYW) Soars to 52-Week High, Time to Cash Out?
    Zacks

    SkyWest (SKYW) Soars to 52-Week High, Time to Cash Out?

    SkyWest (SKYW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Invest in These 5 Stocks With Solid Relative Price Strength
    Zacks

    Invest in These 5 Stocks With Solid Relative Price Strength

    Want to try an out-of-the-box approach to earn handsome returns? Tap these stocks with explosive relative price strength.

  • Spirit Airlines (SAVE) Catches Eye: Stock Jumps 7.5%
    Zacks

    Spirit Airlines (SAVE) Catches Eye: Stock Jumps 7.5%

    Spirit Airlines (SAVE) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

  • Trade Deal Impacts the Energy Sector: LNG to Gain the Most?
    Zacks

    Trade Deal Impacts the Energy Sector: LNG to Gain the Most?

    Of the additional $200-billion purchase of U.S. goods over the next two years (keeping 2017 imports as the base level), $52.4 billion will likely come from the energy sector.

  • Pharma Stock Roundup: LLY Dermira Buyout Offer, Pipeline & Regulatory Updates
    Zacks

    Pharma Stock Roundup: LLY Dermira Buyout Offer, Pipeline & Regulatory Updates

    Lilly (LLY) offers to buy Dermira for $1.1 billion. AstraZeneca (AZN) and AbbVie (ABBV) provide pipeline updates.