Tag Archives: cuts

Credit Suisse downgrades LIC Housing Finance, cuts target; stock tanks 5%

Global brokerage house Credit Suisse turned bearish on LIC Housing Finance, which fell more than 5 percent intraday on February 18. The stock has corrected more than 22 percent in the last month. It was quoting at Rs 362.60, down Rs 17.25, or 4.54 percent, on the BSE at 1022 hours, while IDBI Bank was down over 2 percent. The research ... Read More »

WeWork could burn through $10 billion rescue finance in 10 months without major costs cuts – AArete

Office-share startup WeWork could blow through its near $10 billion rescue financing package from SoftBank Group Corp in about 10 months unless it quickly implements significant cost cuts, according to Loren Trimble, chief executive officer of AArete, a global consulting firm. “One thing they have to do is get more revenue out of its footprint,” said Trimble, who has combed ... Read More »

Breathe easier: A handful of walnuts daily cuts risk of asthma

Numerous studies have emphasised the many health benefits of walnuts. Here’s another reason why you must include these nuts in your daily diet. According to researchers, a type of vitamin E found in these nuts may prevent the risk of asthma attacks by reducing airway inflammation. Gamma-tocopherol is a major form of vitamin E, which is abundant in nuts like walnuts and ... Read More »

Small Businesses Big Winners in Proposed Trump Tax Cuts

Historic tax cuts for American small businesses could be just around the corner. In an announcement at the White House today, Treasury Secretary Steve Mnuchin unveiled proposed sweeping reforms to the tax code for all U.S. businesses. At the same time, President Donald Trump’s chief economic advisor Gary Cohn presented proposals to overhaul the personal tax code. That would impact millions of ... Read More »

Flipkart Sale Cuts Lenovo Vibe K5 Note Price by Rs. 3,000

HIGHLIGHTS Lenovo Vibe K5 Note to go on sale at Rs. 9,499 Only the 4GB RAM and 32GB storage model to be available The sale is only valid for Tuesday on Flipkart Flipkart is hosting a one-day sale on the Lenovo Vibe K5 Note smartphone, which brings down the handset’s price by Rs. 3,000. The one-day sale is being held to mark the ... Read More »

Parents reduced to crowdfunding for whiteboards due to education cuts

Following years of government budget cuts, parents are now turning to crowdfunding websites in order to provide basic school supplies. Appeals have been launched on websites including Justgiving.com for online donations towards items such as whiteboards and computers, as well as to pay for crossing attende. These include one for Camelsdale Primary School, which set up a page to raise money for a replacement whiteboard.   ... Read More »

LVMH cuts ties to crocodile farms criticized by animal rights group

Luxury good maker LVMH said its Louis Vuitton brand had ceased all trading with Vietnamese farms which animal rights activist group Peta alleged mistreated crocodiles, whose skins are used to make handbags and other accessories. “The LVMH group and its suppliers ceased all trading in 2014 with the farms named by Peta,” LVMH said on Friday, adding that it sources ... Read More »

Trump’s tweet about Lockheed-Martin cuts $4bn in value as share prices fall

Donald Trump scolded military jet manufacturer Lockheed Martin on for “out of control” costs on Monday, sending the defence contractor’s stock plummeting. “Billions of dollars can and will be saved on military (and other) purchases after January 20th,” when he will officially take office, the president-elect wrote on Twitter. The subsequent share price drop cut $4bn from the company’s value ... Read More »

US cuts cord on internet oversight

The US government on Saturday ended its formal oversight role over the internet, handing over management of the online address system to a global non-profit entity. The US Commerce Department announced that its contract had expired with the Internet Corporation for Assigned Names and Numbers, which manages the internet’s so-called “root zone.” That leaves ICANN as a self-regulating organization that ... Read More »