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(Reuters) – Roku Inc forecast a surprise holiday-quarter loss and missed third-quarter revenue estimates for its high margin video streaming platform, sending its shares down nearly 13 percent in after-market trading on Wednesday. The outlook overshadowed third-quarter revenue, which beat analysts’ estimates, and a loss that was smaller than expected diamond cufflinks cartier uk sale. Revenue from Roku’s streaming platform is a closely watched metric and the company has pinned hopes on the segment, which generates profit margins well above 70 percent..

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Google’s reported plan for expansion in New York comes at a time when Amazon.com Inc (AMZN.O) could add 25,000 jobs if it chooses the city as one of the sites for a major new office. Amazon said in September last year that it was seeking a site for a second corporate headquarters that would eventually employ up to 50,000 people. But it now plans to split its new headquarters between two sites, including Long Island City in New York, sources told Reuters cufflink boxes uk sale. Google, which already employs about 7,000 in the city, has its New York headquarters at 111 Eighth Avenue, one of the city’s largest buildings that it bought in 2010..

NEW YORK (Reuters) – Most major stock markets rose on Wednesday, led by a strong rally on Wall Street, after the outcome of the U.S. midterm congressional elections drove expectations of political gridlock in Washington, boosting risk assets and weighing on the dollar cufflink boxes uk sale. Tuesday’s vote delivered a split U.S. Congress, with Democrats seizing control of the House of Representatives and Republicans strengthening their majority in the Senate. U.S. oil prices fell after U.S. crude output hit another record high..

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Still, a split Congress could hamper Trump’s push for a further round of tax cuts and deregulation, measures that have supercharged the U.S. economy, stock markets and the dollar. After the closing bell, the Dow Jones Industrial Average .DJI rose 545.29 points, or 2.13 percent, to 26,180.3, the S&P 500 .SPX gained 58.44 points, or 2.12 percent, to 2,813.89 and the Nasdaq Composite .IXIC added 194.79 points, or 2.64 percent, to 7,570.75. Cannabis-related shares rallied as voters in several U.S. states approved ballot initiatives approving marijuana use, while the resignation of U.S. Attorney General Jeff Sessions, who has openly opposed legalization, gave investors a further boost cufflink boxes uk sale.

The pan-European STOXX 600 index rose 1.06 percent and MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 1.53 percent. The U.S cufflink boxes uk sale. Federal Reserve began a two-day monetary policy meeting on Wednesday, and it is expected to keep interest rates unchanged. A rate hike in December is largely priced in. By Wednesday afternoon, the focus was turning to the Fed and the decision of its policy-setting Federal Open Market Committee expected at the close of its meeting on Thursday. “I think traders are squaring positions ahead of tomorrow’s FOMC decision,” said John Doyle, vice president of dealing and trading at Tempus Consulting..

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MONTREAL (Reuters) – Bombardier Inc (BBDb.TO) is set to announce the sale of its Q400 turboprop aircraft program to Canadian aircraft manufacturer Viking Air, a person familiar with the matter said late on Wednesday. The sale is expected to be announced with Bombardier’s earnings on Thursday, the person said, asking not to be identified because of the sensitivity of the matter. Bombardier and Viking could not immediately be reached for comment pure gold cufflinks india uk sale. The sale was reported earlier by specialist aviation publication The Air Current..

(Reuters) – UBS Group AG, Switzerland’s largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008 global financial crisis, according to a company statement. The bank said the claims were not supported by the facts or the law and it would contest any such complaint “vigorously.”. The U.S. Department of Justice did not immediately respond to a request for comment pure gold cufflinks india uk sale.

UBS said the Justice Department advised the bank that it intends to file the lawsuit. It anticipates the Justice Department will seek unspecified monetary penalties stemming from mortgage securities which date back to 2006 and 2007 pure gold cufflinks india uk sale. The lawsuit against UBS, a small originator of U.S. residential mortgages at the time, is among the last actions over misconduct in the sale and pooling of mortgage securities which helped to cause the financial crisis. In recent years, the Justice Department has settled similar claims with Citigroup Inc, Deutsche Bank AG, JPMorgan Chase & Co, Credit Suisse Group AG, Morgan Stanley, Goldman Sachs Group Inc, Bank of America Corp and Barclays Plc..

Barclays settled for $2 billion in March after resisting a penalty the U.S. government sought near the end of the Obama administration in 2016 pure gold cufflinks india uk sale. Justice had sought a much higher fine at the time and, when the two sides could not come to terms, the department filed a lawsuit. More recently, HSBC Holdings Plc agreed to pay $765 million in October to settle with the Justice Department over its sale of defective mortgage securities before the crisis, while major player Royal Bank of Scotland Group Plc reached a $4.9 billion deal in May..

(Reuters) – Alphabet Inc’s (GOOGL.O) Google is nearing a deal to buy or lease an office building in New York City that could add space for more than 12,000 new workers, The Wall Street Journal reported on Wednesday, citing sources pure gold cufflinks india uk sale. Google’s deal to buy or lease 1.3 million-square-foot office building at St. John’s Terminal could house nearly double the search giant’s current staffing in the city, WSJ reported. The plan, would give Google room for nearly 20,000 staff in the city, including those it has now, WSJ said..

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Before the April deal, the e-commerce giant and Ant Financial owned a 43 stake in the business, whose name roughly translates to “Hungry?”. Ele.me also runs Baidu Inc’s (BIDU.O) former food delivery business, which it acquired a year ago. Koubei was founded in 2015 as a 50-50 joint venture of Alibaba and Ant Financial. Silver Lake, CDH Investments, Yunfeng Capital, which is backed by Alibaba founder Jack Ma, and Primavera Capital joined as investors in a January 2017 funding round how to sell cufflinks uk sale.

(Reuters) – Walmart Inc (WMT.N) said it would start offering holiday deals for customers as early as Thursday, as it prepares to compete with Amazon Inc AMZ.N, Target Corp (TGT.N) and other rivals for shoppers on one of the busiest shopping days of the year how to sell cufflinks uk sale. The company will offer Black Friday deals at 10 p.m. EST online on Thanksgiving eve – two hours earlier than in previous years – in order to give shoppers on the East Coast more shopping time earlier, executives said, and at 6 p.m. local time in its stores on Thanksgiving Day..

The Bentonville, Arkansas-based retailer will also have deals available on Walmart.com beginning at 12:01 a.m how to sell cufflinks uk sale. ET on Thursday, Nov. 8, the company said. Similar to in years past, key departments, like toys, electronics, home and apparel, will be color-coded in store so shoppers can easily find deals. The codes will be available on the retailer’s Black Friday circular and store maps. “Check Out With Me” associates – identifiable with a bright yellow sash – will also be placed in key areas of the store in an effort to make the shopping experience smoother..

For years, Black Friday has marked the start of the holiday shopping season in the United States with retailers offering steep discounts. But its popularity has been on the wane with the rise of online shopping and inexpensive deals throughout the year. On Monday, Amazon said it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart Inc and Target, which in recent years have chipped away at Amazon’s lead with their own offers of free two-day shipping. While Walmart has maintained its $35 order threshold this holiday, Target has scrapped its minimum until Dec. 22 how to sell cufflinks uk sale.

(Reuters) – Starbucks Corp (SBUX.O) said on Wednesday it was partnering with UberEats to deliver coffee and food in Tokyo starting Friday, as the world’s largest coffee chain looks to boost sales in Japan, one of its major Asia-Pacific markets. Starbucks has been facing intense competition in the United States and China, its two largest markets, and has been exploring newer avenues to help drive sales how to sell cufflinks uk sale. The company tied up with Alibaba Group Holding Ltd (BABA.N) earlier this year to deliver its coffee in Chinese cities after regulators cracked down on third-party delivery services in the country..

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The 170-year-old company now faces five class-action lawsuits on behalf of shareholders, an Australian record medusa cufflinks uk sale. AMP defended its business model, saying that the fees it charged to invest people’s retirement savings left customers better off. The Royal Commission has heard that low-fee-charging default industry funds routinely return more money to policyholders than fee-charging private funds like AMP. A ban on pension fund fees “would have a significant negative impact on customers and result in unintended detrimental consequences including making financial advice less affordable .. to those who need it most”, AMP said..

HONG KONG (Reuters) – Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. Alibaba (BABA.N) combined the operation of food delivery service Ele.me and online restaurant guide business Koubei under a single management team and holding vehicle in October. It announced a fundraising plan for the vehicle in August. In a deal in April where Alibaba bought the shares it did not already own, Ele.me was valued at $9.5 billion. Koubei was worth $8 billion at the end of last year, according to a list of unicorns published in March by a unit under China’s science and technology ministry medusa cufflinks uk sale.

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Alibaba said in August it had received commitments of more than $3 billion from investors including itself and SoftBank medusa cufflinks uk sale. The fresh capital will give the unit ammunition in its intensifying battle with rival Meituan Dianping (3690.HK), backed by Tencent Holdings (0700.HK), for dominance of China’s booming online-to-offline (O2O) market where apps link smartphone users with bricks-and-mortar businesses to provide food delivery and other offerings. Meituan Dianping in September raised $4.2 billion in the world’s biggest internet-focused initial public offering in four years, after pricing it near the top end of a marketed range at HK$69 per share..

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“The Group remains confident in its core PC business, and aims to grow at a premium to the market in revenue without compromising profitability,” Chairman and CEO Yang Yuanqing said in a filing to the Hong Kong Stock Exchange. “Lenovo will leverage industry consolidation opportunities, and drive growth in high-growth segments such as gaming PCs, Thin & Light, Visuals, and workstations,” Yang said mens cufflink shirt uk sale. Lenovo, which lost the world’s largest PC maker crown to HP Inc (HPQ.N) in 2017, said it had returned to the top spot with a 23.7 percent market share, according to industry tracker IDC..

Global PC shipments edged up 0.1 percent in the third quarter of the year to 67.2 million units according to data from Gartner, with Lenovo cornering the biggest share due to commercial PC growth and its joint venture with Fujitsu. Lenovo said pretax profit at its personal computer and smart devices group rose 42 percent year-on-year to $940 million in its fiscal first half of April through September on a 5 percent pretax profit margin. The strong core performance comes even as Lenovo continues to struggle in its smartphone business amid fierce competition. The company missed a March deadline to turn around the business mens cufflink shirt uk sale.

SYDNEY (Reuters) – Struggling Australian wealth manager AMP Ltd (AMP.AX) fears any new regulation of the finance sector would “distract” participants from acting ethically, it said on Thursday, striking a defiant tone after months of damaging allegations. The country’s biggest-listed wealth manager also rejected suggestions that Australia’s largest financial firms had failed to make sufficient effort to stop charging customers fees without providing services. The comments came in an unusually combative reply to a scathing interim report on the conduct of Australia’s financial industry from a government inquiry which has shocked the country with revelations of widespread wrongdoing. Most of the major banks have said they will support any new laws mens cufflink shirt uk sale.

“There is every chance that adding a new layer of law and regulation would serve only to distract attention from the very simple ideas that must inform the conduct of financial services entities,” AMP said in a written response to the Royal Commission’s interim report. “The more complicated the law, the easier it is to lose sight of them,” AMP added mens cufflink shirt uk sale. The independent Royal Commission inquiry is widely expected to recommend sweeping reforms to financial services regulation when it wraps up in February..

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Joseph Chi, co-head of portfolio management at Dimensional Fund Advisors, said there is research that shows that high-demand stocks that borrowers are paying high fees on tend to underperform the market. The underperformance is generally in line with the fee paid by the borrower to the fund loaning the stock, he said ferragamo cufflinks amazon uk sale. Yet if a fund company’s securities lending agent is keeping a large percentage of the revenue, what investors get may fall short of making up for the stock’s underperformance, Chi said..

Mutual funds and pension funds have long lent their securities to short-sellers to boost income for investors. In some cases, the borrowing fees can be substantial, offsetting most or all of a fund’s operating expenses ferragamo cufflinks amazon uk sale. The DFA Emerging Markets Small Cap Portfolio (DEMSX.O) generated $28.5 million in securities lending income during the six-month period that ended April 30. That was more than the fund’s $25.2 million in total expenses, giving investors a boost of nearly 0.4 percent on net assets of $7.25 billion, fund disclosures show..

Another drawback to securities lending is how borrowed shares affect pivotal corporate elections, such as takeover proposals because asset managers who loan their shares give up their right to vote attached to those shares. Bruce Goldfarb, president of Okapi Partners, a so-called “proxy solicitor” who rounds up votes in corporate elections, said the widespread lending of stock for short-selling often factors in those elections ferragamo cufflinks amazon uk sale. A common way this plays out, Goldfarb said, is when corporate leaders forget that an asset manager may not have as many available votes as their listed portfolio holdings suggest. Goldfarb said this probably happened in 2014 when he represented hedge fund Casablanca Capital in its successful takeover of miner Cliffs Natural Resources, now Cleveland-Cliffs Inc (CLF.N)..

“We couldn’t understand why the company was so confident” it would win the contest, Goldfarb said. James Kirsch, Cliffs’ chairman at the time, declined to comment ferragamo cufflinks amazon uk sale. Fund managers can recall loaned-out shares for voting, but that option is often weighed against the extra money to be made from securities lending. Regulatory disclosures suggest asset managers often choose the money. “We believe that, generally, the likely economic value of casting most votes is less than the securities lending income,” BlackRock said in an Oct. 26 fund disclosure..

HONG KONG (Reuters) – Chinese PC maker Lenovo Group (0992.HK) reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period ferragamo cufflinks amazon uk sale. Net profit for the quarter ended September came in at $168 million, versus $139 million a year earlier and an average estimate of $118 million from 9 analysts, according to Refinitiv data. Revenue rose 14 percent to $13.38 billion, the highest quarterly revenue in almost four years, helped by an improvement in product mix toward more commercial PCs – a more lucrative category than consumer PCs..

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TOKYO (Reuters) – Mazda Motor Corp (7261.T) on Thursday said it planned to recall around 640,000 vehicles globally to fix issues including a problem with the valve springs used in its diesel engines. The Japanese automaker said it would recall around 230,000 vehicles at home and a total of around 410,000 units in overseas markets, excluding the United States, where the automaker does not sell diesel models plastic button cufflinks uk sale. Mazda’s recall comes after domestic rival Subaru Corp (7270.T) last week said it would recall 400,000 vehicles globally to fix a design flaw in the valve springs used in its engines, costs for which would eat into the automaker’s full-year profit..

BOSTON (Reuters) – Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla(TSLA.O) and Alibaba (BABA.N) shares reaches a frenzy. Global money managers generated nearly $6 billion in revenue during the first half of the year, loaning out stocks and bonds that often land in the hands of short-sellers such as hedge funds. It was the best performance since the start of the global financial crisis in 2008 and current volatility trends are expected to keep the upswing going, according to research firm IHS Markit plastic button cufflinks uk sale.

New regulatory disclosure rules that took effect last year and fresh academic research show, however, there can be a bigger downside to securities lending than previously thought. For one, mutual funds may overweight high-demand stocks and bonds because they generate higher fees from short-selling hedge funds. Securities lending, especially for money managers keeping a bigger portion of the fees from fund investors, could distort stock-picking behavior and hurt performance, said Travis Johnson, a professor at the University of Texas at Austin plastic button cufflinks uk sale.

“(Our research) shows there is a wrong way to do this: Collect up to 30 percent of the securities lending fees and bias your investment decisions,” he said. BlackRock Inc’s (BLK.N) securities lending revenue surged 14 percent to $338 million during the first half of the year, compared to the year-ago period plastic button cufflinks uk sale. The company’s in-house securities lending agent keeps typically 20 percent to 30 percent of fees paid by borrowers. Investors in BlackRock’s largely passive funds receive the balance of the fees, though a lower percentage than at many other rival funds, U.S. regulatory filings show..

Boston-based Fidelity Investments typically keeps about 10 percent and Vanguard Group does not charge a securities lending agent fee, though administrative expenses range between 1 percent and 2 percent. Investors in Fidelity and Vanguard funds get the difference plastic button cufflinks uk sale. BlackRock’s fund investors can get more income than rivals, however, because there is more securities lending revenue to divide. “BlackRock’s returns are often the strongest in the industry,” spokeswoman Tara McDonnell said..

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Following seven years of modest profits, the company said last week it had made an operating loss of 1.7 billion rand in the 2017/18 financial year. Sector observers say finding an equity partner is essential to Denel’s survival wholesale cufflinks uk sale. However, the interest in the company from Saudi Arabia, which is accused of committing abuses in the war in Yemen and has admitted responsibility for Khashoggi’s death, has spawned public debate in South Africa. South African Foreign Minister Lindiwe Sisulu said last month human rights would be considered in any deliberations over a potential Saudi deal..

DETROIT (Reuters) – Ford Motor Co (F.N) said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San Francisco wholesale cufflinks uk sale. The No. 2 U.S. automaker, one of the first to enter the sector, will invest about $200 million in Spin, according to a source familiar with the acquisition. The purchase price is dwarfed by investments in — and valuations awarded to — Lime and Bird, the U.S. market leaders in a sector that only started to accelerate about eight months ago..

Lime, based in San Mateo, California, was founded in 2017 and has drawn more than $450 million in funding, at a valuation of more than $4 billion. Its investors include ride services giant Uber [UBER.UL] and Google’s parent Alphabet (GOOGL.O). Bird, based in Santa Monica, also was launched in 2017 wholesale cufflinks uk sale. It has attracted $400 million in investments and is valued at $2 billion. In an interview, Marcy Klevorn, president of Ford’s mobility unit, said the acquisition of Spin “fills a gap in our mobility portfolio,” while providing “accessible and affordable transportation” in cities and on college campuses..

Spin and its rivals follow a simple business model. They buy e-scooters — think of a child’s kick-start scooter equipped with an electric motor and a wireless internet connection — for $100-$300 each from manufacturers such as China’s Ninebot, then rent them for short distances and short periods of time via mobile phone apps, typically at a flat rate of $1 plus 15 cents a minute wholesale cufflinks uk sale. After launching in the Bay Area, e-scooters are beginning to roll out in many big cities across the United States..

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Saudi Arabian Military Industries (SAMI), the kingdom’s state defense company, told Reuters last month that it was in discussions with all major South African firms and aimed to conclude the first deals by the end of this year. According to the source, who asked not to be named due to the sensitivity of the talks, Saudi Arabia was targeting Denel’s 49 percent stake in Rheinmetall Denel Munition (RDM). RDM is a South African-based joint venture formed in 2008 between Denel and Rheinmetall Waffe Munition GmbH, which holds the remaining 51 percent stake. It specializes in the development, design and manufacture of medium and large-caliber ammunition including artillery shells cufflinks silver uk sale.

A Rheinmetall spokesman declined to comment. The German government is currently reviewing all arms sales to Saudi Arabia after the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul cufflinks silver uk sale. Industry sources said RDM operates independently and is subject to South African law, which means exports from the unit are not subject to German government oversight. The sources said they did not expect that a change in the ownership of the venture would require a German government review. Under the Saudi offer, SAMI would also finance research and development in other Denel divisions including Denel Dynamics, which develops and produces tactical missiles and precision guided weapons..

Denel and SAMI would share intellectual property and under a new joint venture would target defense export markets in the Middle East and North Africa. Finally, Saudi Arabia – already a top Denel customer for military vehicles, artillery munitions and radar equipment – would purchase a certain amount of the group’s production. The Saudis expect an answer from the South African authorities by the end of December. “Saudi Arabia has made a unique business proposition to the South African government. As our discussions are not finalised yet we cannot provide any comment,” SAMI CEO Andreas Schwer wrote in response to Reuters’ questions cufflinks silver uk sale.

South African President Cyril Ramaphosa last week said Denel was “ripe for joint-venture partnerships”. But he added that the government had not yet weighed the Saudi bid or proposals from what he said were a number of other suitors looking to partner with Denel. A Denel spokesperson would not comment on any specific bid, saying that such negotiations take place on a state-to-state basis. Ramaphosa’s spokeswoman Khusela Diko said the president would only make a decision on the Saudi offer to partner with Denel once it was discussed by cabinet cufflinks silver uk sale.

“No decision has been made yet,” Diko told Reuters cufflinks silver uk sale. The source with knowledge of the Saudi bid told Reuters that Rheinmetall informally approached Denel’s board last year aiming to deepen its collaboration with the company. The source said Rheinmetall had, like Saudi Arabia, expressed interest in acquiring Denel’s minority stake in RDM and other Denel divisions but was rebuffed. Rheinmetall declined to comment. Denel is grappling with an acute liquidity crunch and is struggling to pay salaries and deliver on roughly 18 billion rand ($1.29 billion) of outstanding orders..