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Oct12018 by adminNo Comments

U.N. court rules in favor of Chile in sea dispute with Bolivia

Oct. 1 (UPI) -- The International Court of Justice ruled Monday that Chile is under no obligation to negotiate granting neighbor Bolivia access to the Pacific Ocean, ending a 134-year-old dispute between the two countries. The court, the United Nations' highest, voted 12-3 to dismiss the case after five years of deliberations. Bolivia became landlocked in the early 20th century after losing the War of the Pacific to Chile, which claimed some 250 miles of Bolivian coast as its own as part of the 1904 Treaty of Peace and Friendship. But Bolivia has demanded access to the ocean for decades because much of the country's imports must go through Chilean ports. "Restoring Bolivia's sovereign access to the sea would make a small difference to Chile, but it would transform the destiny of Bolivia,"...

Jun122018 by adminNo Comments

Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain

Finance

Media and telecommunications stocks shot higher in aftermarket trading Tuesday after a federal judge ruled in AT&T's favor on its $ 85 billion acquisition of Time Warner. Time Warner shares traded more than 5 percent higher in aftermarket trading. The widely anticipated ruling comes amid pent up interest in forging combinations across the entertainment and communications industries. CNBC's parent company, Comcast, has been eyeing a $ 60 billion offer for the Twenty-First Century Fox studio and production assets that are currently part of a deal with Disney. ...

Jan212018 by adminNo Comments

Germany's SPD votes in favor of coalition talks with Merkel

World

Jan. 21 (UPI) -- Germany's Social Democrat Party voted in favor of entering the second and final stage of coalition talks with Chancellor Angela Merkel's Christian Democratic Union.The SPD held a special congress in Bonn Sunday as 56 percent of the party's delegates voted in favor of moving forward with negotiations to form a "grand coalition" led by Merkel.A count showed voters were narrowly divided on the issue, with 362 in favor, 279 against and one abstention after a show of hands was failed to produce a visible majority.Following the vote Merkel announced "the path is free for coalition talks" while calling for "a responsible climate, despite all of the divisive issues.""There is a lot of work ahead of us," she said.Many voters were unhappy with the decision to continue coalition talk...

Aug222017 by adminNo Comments

Study: People favor products with more reviews, regardless of what reviews say

Science

Aug. 21 (UPI) -- New research suggests that consumers use reviews and ratings by other consumers to drive their purchasing decision-making.The study, published today in Psychological Science, found that people favor products that have more reviews, even if they have lower ratings than an alternative product."It's extremely common for websites and apps to display the average score of a product along with the number of reviews. Our research suggests that, in some cases, people might take this information and make systematically bad decisions with it," Derek Powell, a researcher at Stanford University, said in a press release."We found that people were biased toward choosing to purchase more popular products and that this sometimes led them to make very poor decisions."Researchers studied act...

Jul32017 by adminNo Comments

Why retirement savers are ditching the 'do-it-yourself' approach in favor of target date investments

Finance

It turns out "do-it-yourself" investing is not all that it's cracked up to be.Employees saving for retirement in workplace 401(k) plans are increasingly eager (or willing) to autopilot their allocation and portfolio management decisions.Vanguard reports that among the more than 8,500 retirement plans it administers, with more than 4.6 million participants, usage of target date funds, balanced funds or managed account services has tripled in the decade. This explosive growth has taken place since Washington gave its blessing for plans to use target date funds (TDF) as the "default" investment.More than half of workers now rely on some form of portfolio allocation advice, with the vast majority being a TDF. Vanguard expects nearly 75 percent of investors will be leaning on professional advic...