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Published on Aug 15, 2016
Oil
prices are rallying on new hopes of an output freeze. The latest here
is that Russia and Saudi Arabia are talking about stabilizing prices.
This is raising hopes for a solution to the massive glut in the oil
industry are rising. Crude oil prices are now at a 3 week high.
Honeywell ( ) could be becoming more of a software company. The Wall
Street Journal says it's nearing a deal to acquire JDA Software , a
maker of software that helps businesses manage supply chains. The deal
would value JDA at around $3 billion, including debt. The deal could be
announced as soon as today. Apple ( ) is said to be readying another
iPad Pro. An Apple analyst says the company will release a trio of new
iPads in 2017, including a new size 10.5 inch iPad Pro and a 'low cost'
9.7 inch iPad. While sales of the iPad were declining overall, demand is
surging from businesses and government.
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