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Apple scraps $1 billion Irish data centre over planning delays

Apple (AAPL.O) ditched plans to build an 850 million euro (743 million pounds) data centre in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday. Apple announced plans in February 2015 to build the facility in the rural western town of Athenry to take advantage of green energy sources nearby, but a series of planning appeals, chiefly from two individuals, delayed its approval. Ireland’s High Court ruled in October that the data centre could proceed, dismissing the appellants who then took their case …read more […]

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Trump gives freed Americans flag-waving, wee-hours welcome

Staging a made-for-TV, still-of-the-night arrival ceremony, President Donald Trump welcomed home three Americans freed by North Korea and declared their release a sign of promise toward his goal of denuclearizing the Korean Peninsula. Trump also thanked North Korea’s Kim Jong Un for releasing the Americans and said he believes Kim wants to reach an agreement on denuclearization at their upcoming summit. First lady Melania Trump, Vice President Mike Pence, Secretary of State Mike Pompeo and other top officials joined Trump to celebrate the occasion at Joint Base Andrews near Washington. …read more […]

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Alstom signs $3 billion agreement with GE to exit energy joint ventures

The three joint ventures, in grid, nuclear and renewable assets, were created as part of Alstom’s 12.35 billion euro sale of its energy business to General Electric in 2015. “Alstom intends to exercise its options to sell its interests in the ‘Renewables’ and ‘Grid’ Joint Ventures in 2018,” the company announced in a statement. The exercise of these options between September 4 and 10 would imply General Electric had exercised its option to acquire Alstom’s interest in the “nuclear” joint venture, it said. …read more […]

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Israel accuses Iranian forces of rocket attack on Golan

Iranian forces based in Syria fired 20 rockets at Israeli front-line military positions in the Golan Heights early Thursday, the Israeli military said, triggering an Israeli reprisal and further escalating heightened tensions. The Israeli military said its Iron Dome rocket defense system intercepted some of the incoming projectiles, while others caused only minimal damage. There were no Israeli casualties. …read more […]

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Hennessey Dodge Demon sets hellishly fast quarter-mile time

The Dodge Demon doesn’t strike us as a muscle car much in need of a performance makeover. After all, this 840-horsepower MoPar machine’s voracious quest for straight-line speed means it trims weight by jettisoning everything from a front passenger seat and rear seat, to its stereo and all carpeting in the trunk. The folks at Hennessey apparently think that’s not nearly extreme enough. So, the Texas-based tuning outfit has turned the Demon into a 1,035-horsepower beast that runs a quarter-mile in …read more […]

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Healthcare giant Novartis signed a $1.2 million contract with Michael Cohen's consulting firm, took one meeting, and realized he couldn't help them

Pharmaceutical giant Novartis is among the companies listed in paying Essential Consulting, a firm linked to Michael Cohen, President Donald Trump’s lawyer. Novartis signed a $100,000 a month contract with Cohen’s firm in February 2017. “Novartis determined that Michael Cohen and Essential Consultants would be unable to provide the services that Novartis had anticipated related to US healthcare policy matters,” the company said in a statement. …read more […]

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AstraZeneca Stock Price and Research (NYSE: AZN)

AstraZeneca (NYSE: AZN) is a large cap company that operates within the pharmaceutical industry. Its market cap is $92 billion today and the total one-year return is 24.61% for shareholders.

AstraZeneca stock is beating the market, and it reports earnings soon. But does that make it a good buy today? To answer this question we’ve turned to the Investment U Stock Grader. Our research team built this system to diagnose the financial health of a company.

Our system looks at six key metrics…

[iu-adbox]

✗ Earnings-per-Share (EPS) Growth: AstraZeneca reported a recent EPS growth rate of -29.45%. That’s below the pharmaceutical industry average …read more […]

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Buy Weibo Corp Following the Post-Earnings Dip

If you want proof that life isn’t always fair, look no further than Weibo Corp (ADR) (NASDAQ:WB) — one of the most popular social media sites in China. Weibo earnings were released Wednesday morning. The company managed to top its first-quarter sales and earnings estimates — quite firmly, in fact. …read more […]

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Cashing In on the Greatest Achievement in Decades

“Suppose you could make money trading harvested baby brains. Would you do it?” asked Charlie Munger, Berkshire Hathaway’s (NYSE: BRK) outspoken vice chairman. To him, bitcoin is just as bad.

Munger and Warren Buffett set the Twitterverse afire by poo-pooing bitcoin and cryptocurrency at Berkshire’s recent annual shareholder meeting.

But Munger did admit that blockchain, the computer science behind bitcoin, “is a great triumph of the human mind.”

I agree with him there.

But today I’m talking about perhaps the most controversial investment opportunity in history… an opportunity formed by the colliding worlds of cryptocurrencies and marijuana.

The two are made for each other.

And the …read more […]