Search results for "PALM"



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Main Street holds up as Wall Street struggles, for a change

NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...
Source: The Associated Press | By: By STAN CHOE, AP Business Writer
Florida man gets prison for defrauding investors of $3.3M

NEW YORK— Federal prosecutors in Brooklyn say a Florida man has been sentenced to 3½ years in prison after admitting he defrauded over 70 investors of $3.3 million. Attorney Robert Capers announced Friday that the sentencing of 54- year-old Cecil Speight of West Palm Beach had occurred late Wednesday. Judge Roslynn Mauskopf also ordered him to pay $3.3...
Source: The Associated Press
Malaysia's Felda to re-attempt Indonesian deal with unlisted unit -sources

*Earlier Felda plan to buy $680 mln stake was heavily criticised. JAKARTA/ KUALA LUMPUR, Feb 12- Malaysian state-owned conglomerate Felda will use an unlisted unit to buy into Indonesian tycoon Peter Sondakh's debt-burdened Rajawali Group, sources familiar with the matter said, seeking to avoid heavy investor criticism that scuttled an attempted deal last...
Source: Reuters | By: Eveline Danubrata and Emily Chow
INSIGHT-How to trap elephant poachers with their own technology

DAR ES SALAAM, Feb 10- One day last October, agents from a crack Tanzanian crime unit raced past Dar es Salaam's Palm Beach Hotel in pursuit of the suspected leader of a global elephant poaching ring. The agents' target that day was Yang Feng Glan, a 66- year-old Chinese national dubbed the "Ivory Queen," who is accused of running a smuggling empire stretching from the...
Source: Reuters | By: Drazen Jorgic
UPDATE 1-White House: Disputes over South China Sea must not involve 'bullying'

WASHINGTON, Feb 9- President Barack Obama will deliver a tough message to China during a summit with Southeast Asian countries next week that disputes in the South China Sea must be resolved peacefully and not with a big nation "bullying" smaller neighbors, the White House said on Tuesday. Though China will not be represented, Obama's aides made clear that...
Source: Reuters | By: Matt Spetalnick and Jeff Mason
No snakes, but snacks on these planes

Two big airline carriers are winning praise from fliers who believed a small but key amenity - free snacks - had all but disappeared forever.
Source: | By: Harriet Baskas, Special to CNBC
Palm oil prices to rise on tight stocks, may hit 2,700 rgt in Q2 -Mistry

Feb 7- Palm oil prices could jump more than expected to 2,700 ringgit per tonne in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across Southeast Asia, vegetable oils analyst Dorab Mistry said. Concerns that dryness linked to an El Nino weather pattern will lower fresh fruit bunch yields in top...
Source: Reuters
MIDEAST STOCKS-Saudi, Egypt edge down in early trade after oil weakens

DUBAI, Feb 7- Stock markets in Saudi Arabia and Egypt slipped in early trade on Sunday, erasing some of their gains in the previous session after oil prices reversed and global markets sold off at the end of last week. Saudi Cement rose 2.0 percent after the company recommended a dividend distribution of 3.00 riyals per share for the second half of 2015, versus a...
Source: Reuters
UPDATE 3-Burberry, Tom Ford align runway shows with retail availability

*Tom Ford also to sell collection on same day as Sept show. LONDON/ PARIS, Feb 5- Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world. Major luxury brands such as Dior, Chanel,...
Source: Reuters | By: Li-mei Hoang and Astrid Wendlandt
MIDEAST STOCKS-Saudi, Egypt up in early trade as oil rises

DUBAI, Feb 4- Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an...
Source: Reuters