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Economy

Trump added that "I will call them from now on losers because that's what they are". Children were among 22 people killed and dozens injured in the suspected suicide bombing on Monday night at a pop concert by United States star Ariana Grande in Britain's deadliest extremist attack in 12 years.
  • S&P, Nasdaq pare gains after hitting record highs

    S&P, Nasdaq pare gains after hitting record highs

    Economy

    While the low volatility that has marked the prior two weeks is certainly anomalous, it is part and parcel of the more general trend of declining market moves. Brent crude futures were last down 1.1 percent at $48.80 a barrel while West Texas Intermediate was off 1 percent at $45.96. It is worth noting that the low level of actual volatility explains the low readings seen for the CBOE volatility index (STOXX:.VIX), or the VIX.
  • Hertz Shares Plunge After Company Widens Loss, Misses Expectations

    Economy

    Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Hertz Global Holdings, Inc (NYSE: HTZ ) late Monday posted much worse than expected first quarter earnings results , reporting a massive loss amid a drop in sales.
  • Rajnath Singh calls for unified command and aggressive action against Maoists

    Rajnath Singh calls for unified command and aggressive action against Maoists

    Economy

    Addressing a meeting of chief ministers of Naxal-hit states, Singh said a large number of Naxal cadres have been killed and many others have surrendered since 2014. "We need to use high resolution cameras, Global Positioning System, thermal imaging, radar and satellite images". Several States also raised the issue of discontinuation of central schemes such as Special Infrastructure Scheme (SIS) and Integrated Action Plan (IAP) and a considerable reduction in central funds as an impediment to ...
  • Baba Ramdev to launch fast food chain to take on KFC, McDonald's

    Baba Ramdev to launch fast food chain to take on KFC, McDonald's

    Economy

    The company is also strengthening its distribution network to reach more consumers across the country. The Ayurveda major clocked in Rs Rs 10,216 crore in FMCG and ayurveda sales during 2016-17, leaving behind Nestlé India (Rs 9,159 crore) and Godrej Consumer (Rs 9,134 crore), reports Business Standard .
  • Oil trades near five-month lows despite Saudi assurances on cuts

    Economy

    Market volatility and trading volumes surged. "If OPEC comes out with a negative message and no cooperation the market might trade down to $45", Mr. Oil prices stabilized in Asian trading Friday after hitting a five-month low while regional stock benchmarks headed lower in holiday-thinned trading.
  • Google agrees to pay $335 million in Italy tax dispute

    Google agrees to pay $335 million in Italy tax dispute

    Economy

    Tax officials said the settlement announced Thursday also launches a process to determine the tech company's proper taxation level in Italy going forward. Reports at the time said the payment was a discounted settlement of over 800 million euros of unpaid corporation tax, one of several disputes arising from a United States multinational basing European operations in Ireland.
  • Planners relocate National Day of Prayer event indoors

    Planners relocate National Day of Prayer event indoors

    Economy

    On this day, counties across America invite their communities and people of all faiths to pray for our nation. Violence, war, poverty and a decaying morality has left the country frail and in need of the strength, fellowship and unity provided by prayer .
  • MMA: UFC to introduce new flyweight category for women fighters

    MMA: UFC to introduce new flyweight category for women fighters

    Economy

    This is a big move for the promotion as UFC President, Dana White had previously insisted that he wasn't ready to add another weight class to the women's division, but he seems to have had a change of heart after listening to the fighters who would rather compete at a more natural Flyweight.
  • US trade deficit narrows in March

    US trade deficit narrows in March

    Economy

    Canada's trade surplus with the US narrowed to $4 billion in March (previously $4.5 billion), while its deficit with the rest of the world narrowed to $4.1 billion (previously $5.6 billion). Imports from countries other than the U.S. also increased, up 1.2 per cent, on higher purchases of crude oil from Saudi Arabia, and goods from Britain.
  • Marchers use Trump's 100th day to protest climate policies

    Economy

    Huh). Many at the People's Climate March are angered at Trump's moves to rollback environmental protections put in place by the previous administration. In December 2015, the US joined almost 200 other countries to sign the Paris climate deal, aimed at keeping temperature rise within a somewhat safe level.
  • Goodyear Tire profit falls 9.8 pct

    Goodyear Tire profit falls 9.8 pct

    Economy

    First quarter 2017 segment operating income of $73 million was down 8 percent from previous year as lower income in other tire-related businesses and unfavorable foreign currency translation offset favorable price/mix net of raw materials. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Jefferies Initiates Coverage On the stock to Buy on 11/29/16 by stationing a price target of $36.5.
  • Mayer set for $186m payout from Yahoo sale

    Mayer set for $186m payout from Yahoo sale

    Economy

    That figure included a $20 million estimate of the value of restricted stock units, as well as $3.02 million in cash. Yahoo CEO Marissa Mayer will reportedly leave the company at least $186 million richer following Verizon's buyout of the Internet pioneer.
  • U.S. Treasury Department does not label China currency manipulator

    Economy

    Treasury finds that six major trading partners warrant being placed on the Monitoring List for special attention: "China, Germany, Japan, Korea, Switzerland and Taiwan", it said. He said progress on trade was needed to narrow the deficit between the two countries but that should be achieved through increasing USA exports to China, not cutting USA imports of Chinese goods.
  • FCC chairman expected to unveil strategy to reverse net neutrality

    FCC chairman expected to unveil strategy to reverse net neutrality

    Economy

    The Internet Association, which speaks for Facebook, Google, Amazon, Microsoft, Netflix and Uber, did call on Pai to support net neutrality earlier this month. Pai said the ownership review would be a "much more fact-based discussion" than prior reviews, adding it was "critical" for media ownership rules "to match the modern marketplace".
  • AT&T sheds more lucrative wireless customers in 1Q

    AT&T sheds more lucrative wireless customers in 1Q

    Economy

    The carrier posted 2.1 million overall wireless net adds in the USA, however, driven primarily by prepaid and connected devices, and other 633,000 net wireless adds in Mexico. In all for the March quarter, AT&T's earned $3.5 billion, or 56 cents a share, down from $3.8 billion, or 61 cents a share, a year earlier. Revenue fell 2.7% to $39.37 billion.
  • Analyst Price Targets On NMC Health (LON:NMC)

    Analyst Price Targets On NMC Health (LON:NMC)

    Economy

    In an analyst report issued to clients on Wednesday, 19 April, Asos (LON:ASC) stock "Buy" was restate by Analysts at Liberum Capital. The company has a consensus rating of Hold and an average price target of GBX 437.27 ($5.50). It now has negative earnings. The Company's segments include Barclays UK and Barclays International. Relx PLC is a holding company, which holds interests in RELX Group plc.
  • French stocks soar to near-decade highs as Macron tops poll

    Economy

    François Fillon of the Republican party finished third, while Benoît Hamon of the ruling Socialist Party came a distant fifth. Le Pen went on the offensive against Macron in her first public comments Monday. The outgoing French president issued his warning in the wake of the first round of presidential voting yesterday. While their policies on higher education are unlikely to be the decisive factor in swaying the electorate, they are nonetheless - as I explore in a feature this week - ...
  • LVMH to consolidate hold on Dior in multibillion-euro deal

    LVMH to consolidate hold on Dior in multibillion-euro deal

    Economy

    The deal would be accretive to LVMH earnings per share from the first year. The simplification of the shareholder structure appeared to please investors and LVMH shares were showing a gain of around three per cent on the Paris stock exchange in response to the news, while the blue-chip CAC 40 index was up just 0.1 per cent.
  • PPG again raises bid for Akzo

    PPG again raises bid for Akzo

    Economy

    The company has come under pressure in recent weeks after already twice rejecting offers in the increasingly hostile takeover battle with the Pittsburg-based PPG. While Akzo said then the plan had "substantially fewer risks, uncertainties and social costs" and being acquired, PPG countered on Monday that the separation would create two "unproven standalone companies with uncertain market valuations and substantial risks".
  • Turkey hits Kurdish areas in Iraq's Sinjar, northeast Syria

    Economy

    According to the Observatory, the airstrikes killed 18 members of the Syrian Kurdish militia known as the People's Protection Units, or YPG. On Sunday, Turkey's air force commander said the military had "plans" for PKK rebels around Sinjar, vowing not to allow the area to become a new hub for the militant group, Hurriyet newspaper reported.