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The accused person took the car for a test drive and never returned. (Representational image) A 36-year-old Bengaluru businessman allegedly made off with a car after taking its keys from its owner for a test drive, The Times of India reported on May 16. MG Venkatesh Naik, the accused person, had in January come across an OLX advertisement for a Maruti Brezza. He asked the seller, Ravindra Elluri, to meet him to talk about a possible purchase. When they met, Naik asked Elluri if he could take the car for a test drive. The seller agreed to it and Naik drove off. When he did not return, Elluri went to the police to file a complaint. The seller did not know Naik’s name at that time. In their efforts to track him down, the police tried to trace the phone he had used to contact Elluri. They also obtained 2,500 IP addresses from OLX in an effort to locate Naik. It took months to analyse all of them. Close “Our search was fruitful on May 10. Based on our findings … [Read more...] about Bengaluru businessman steals car from OLX seller on pretext of test drive, arrested

There are literally thousands of publicly traded companies you can invest in, not to mention the many ETFs and mutual funds you can buy, so it's not surprising many investors don't know where to begin. While I don't have a crystal ball that tells me what stocks will deliver the best returns, I've tried to do the next best thing here. In this article, I'll discuss 10 stocks that I think could be great buys in 2022 for long-term investors looking to put money to work. Before we get to the stocks you're here for, let's acknowledge three caveats: Choosing the best stocks to buy today heavily depends on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in stocks . It walks you through topics such as establishing an emergency fund, allocating assets, and when it makes sense to buy stocks. I like these stocks for long-term investments. I have absolutely no idea what they'll do over the next few weeks or months. While I ensured … [Read more...] about The Top 10 Stocks to Buy in 2022

Share to Twitter Share to Linkedin Topline The U.S. Soccer Federation has reached new historic collective bargaining agreements to ensure equal pay and prize money for its men’s and women’s national teams, it said Wednesday morning, following a years-long battle fought by the four-time World Cup-champion women’s national team to guarantee equal compensation. Key Facts The two collective bargaining agreements—which last through 2028—include identical pay for all international soccer competitions, including the FIFA World Cup. U.S. Soccer will become the first national governing body to ensure equal prize money from FIFA by pooling prize funds and splitting them equally among the men and women’s national teams beginning with the 2022 Men’s tournament and the 2023 Women’s World Cup. Men’s and women’s national team players will also earn identical game bonuses, the federation said. The deals come three months after U.S. Soccer settled … [Read more...] about Soccer Federation Reaches Historic Deals Guaranteeing Equal Pay For Men And Women Players

Share to Twitter Share to Linkedin Anthem and Cigna on Friday morning announced a historic $54 billion merger that would make the new, combined company the largest health insurer in the country, by total customers. The deal's size is especially notable. (It's the largest-ever merger in the insurance industry). And the timing is remarkable. Just three weeks ago — to the day — rival insurers Aetna and Humana announced their own mega-merger , a $37 billion deal. If both deals get federal approval, America's Big Five health insurers will be winnowed to a Huge Three. So what happens next? And what will it mean for consumers? Anyone who says he knows those answers isn't worth trusting: America's health care system is in uncharted waters. First, there are real questions over whether either or both mergers will receive federal approval. The Department of Justice was already scrutinizing the Aetna-Humana deal — which now … [Read more...] about Anthem Just Paid $54B To Buy Cigna. No One Knows What Will Happen Next.

The federal government has a long slog ahead, and it has nothing to do with politics. advertisement advertisement The Biden administration has set a series of ambitious energy and carbon emissions goals, including using energy that is 100% free of greenhouse gas pollution by 2030 , purchasing only non-gas-powered vehicles by 2035 , and producing net zero carbon emissions from federal buildings by 2045 . With a portfolio of more than 300,000 buildings and a fleet of 600,000 cars and trucks , meeting these goals will require a lot of new technology—and soon. The U.S. General Services Administration is on the hunt for that zero-emission, energy-saving technology, and has just announced the latest batch of novel tools and building materials that may help the government meet its goals. Through its Green Proving Ground program , the GSA is using some of the buildings in its portfolio to evaluate these technologies, utilizing real-world conditions … [Read more...] about See the cutting-edge tech turning government buildings into lean, green machines

Moody's cut Russia's credit six notches as it expects "sustained disruption to the economy" as a result of global sanctions against the country after it invaded Ukraine. Russia's stock market remained closed. U.S. stocks are higher after yesterday's surge that came in the wake of Federal Reserve Chair Jerome Powell ’s congressional testimony signaling a Fed rate increase would be lower than what investors feared. Key Takeaways Top credit agency Moody's decreased Russia's credit by six notches. U.S. stocks are rising, following yesterday's surge that came after Fed statements that allayed fears of a big interest rate hike. Best Buy Co. Inc. and Kroger Co. shares rose after reporting better-than-expected earnings. Powell is set to testify before Senate lawmakers this morning after telling House lawmakers yesterday he would propose just a quarter-percentage-point rate hike at the central bank’s March meeting. All major U.S. stock indexes posted solid gains … [Read more...] about Moody’s Cuts Russia’s Credit, Wheat Prices Soar, Powell Allays Investors’ Fears

Among the stocks hit hard yesterday were those of big automakers. GM ( GM ) and Ford ( F) were given double-downgrades by Wells Fargo auto analyst Colin Langan. The analyst went straight from buy ratings on the stocks to an outright sell, skipping a neutral rating. In his 77-page report, Langan said that the recent spike in raw material prices have “massively changed the economics of the transition to battery electric vehicles." Langan said he believes the spike in raw material prices like nickel has delayed the cost parity between EVs and gas-powered cars by “at least a decade.” He said supply chain pressures will also hurt the automakers’ planned transition to EV production. He noted that 2022 could be a year for “peak profits” for the legacy automakers. Langan also slashed his price targets. He took his target for GM from $74 down to $33, and dropped his Ford target from $24 to $12. GM shares closed down nearly 5% at $35.56, while shares of Ford closed down 3% at … [Read more...] about Automakers’ Double Downgrade

- A + A (May 18): Carousell Pte Ltd, a Singapore-based online classifieds marketplace operator, has recently ended talks to go public through a merger with blank-cheque company L Catterton Asia Acquisition Corp amid market volatility, according to people familiar with the matter. The special purpose acquisition company, which has been conducting due diligence on Carousell over the past few months, has not been able to reach a merger agreement with the Southeast Asian business, the people said, asking not to be identified because the matter is private. The stock market rout has made it difficult to arrange a private investment in public equity, or PIPE, the people said, where typically other investors chip in funds alongside those contributed by the SPAC itself to the merged entity. Macroeconomic uncertainty and valuation concerns are also among the factors weighing on a potential deal, they added. A representative for Carousell declined to comment, while a … [Read more...] about Carousell, L Catterton SPAC merger talks end amid rout

By The Associated Press WASHINGTON — A senior defense official says U.S. Pentagon officials are having discussions with Sweden and Finland on their security needs to deter Russia as both move toward NATO membership. The official said Defense Secretary Lloyd Austin met with Swedish Defense Minister Peter Hultqvist on Wednesday and spoke about the interim period between when the NATO application is formally made and when it is approved. There have been concerns about threats from Russia during that period, in which Sweden and Finland would not formally be covered by NATO’s Article 5 which says that an attack against one member is an attack against all and calls for collective defense. The defense official spoke on condition of anonymity to discuss private Pentagon discussions. – AP writer Lolita Baldor in Washington contributed to this report. __ KEY DEVELOPMENTS IN THE RUSSIA-UKRAINE WAR: — Interrogation, uncertainty for surrendering Mariupol troops — NATO … [Read more...] about Live updates | Official: US in talks with Sweden, Finland

- A + A NEW YORK (May 18): In public, Elon Musk’s erratic tweets have sent Twitter Inc’s shares flailing, as traders bet that the billionaire is preparing to walk away from or re-negotiate his US$44 billion takeover of the social-media company. Behind the scenes, it’s more like business as usual, as advisers on both sides plug away at the day-to-day work of closing a megadeal. One potential sign that the deal is still on track: the 139-page filing that hit early Tuesday, detailing how the offer came together and Twitter’s rationale for accepting it. That document was the result of weeks of coordinated work by both Musk and Twitter’s teams, according to people familiar with the matter. Musk himself signed off on the final version — complete with a deal price of US$54.20 a share — before it was filed, the people said. The situation is similar at the banks that promised to finance the transaction, said the people, who asked not to be identified because the details are … [Read more...] about As Musk tweets, advisers plug away to keep Twitter deal on track