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Business

GE began the process of relocating its global headquarters from Fairfield, CT, to Boston past year, and Immelt has made efforts to connect with the local business community. "I'm going to do a fast but deliberate, methodical review of the whole company", Flannery told Reuters in an interview . In our view, the balance of delivering near-term results while positioning the business for the long haul is a trade-off that Flannery knows well from his recent role in GE Healthcare .
  • Future plc (FUTR) Earns Buy Rating from Numis Securities Ltd

    Future plc (FUTR) Earns Buy Rating from Numis Securities Ltd

    Business

    The SI to Trimas Corporation's float is 1.33%. The stock decreased 1.62% or $0.18 during the last trading session, reaching $10.91. About 3.78M shares traded or 246.79% up from the average. JPMorgan Chase & Co. increased their target price on Hansteen Holdings plc from GBX 110 ($1.43) to GBX 125 ($1.63) and gave the stock an "underweight" rating in a report on Tuesday, April 25th.
  • MSNBC weekly ratings beat Fox News, CNN for first time ever

    MSNBC weekly ratings beat Fox News, CNN for first time ever

    Business

    The story is having the opposite effect at Fox News , where conservative commentators were more skeptical about the significance of the almost daily leaks related to Trump's handling of Comey's dismissal and reports that the president shared classified intelligence with Russian diplomats during a White House visit.
  • DOJ sues FCA over Ram, Jeep diesel emissions

    DOJ sues FCA over Ram, Jeep diesel emissions

    Business

    The company issued a statement saying it "is now reviewing the complaint, but is disappointed" that the suit had been filed. In a statement, FCA says is reviewing the complaint but is "disappointed" by the government's decision to file the suit.
  • Softbank-Saudi sovereign fund raise $93 bn for IT investment

    Softbank-Saudi sovereign fund raise $93 bn for IT investment

    Business

    The fund aims for $100 billion of committed capital and expects to complete its money-raising in six months, it added. The fund is now headed by Softbank Group founder and CEO Masayoshi Son and India born Rajeev Misra, designated as CEO of SVF, at the time of launch in October 2016.
  • Police fire in the air to disperse lynch protesters in Jharkhand

    Police fire in the air to disperse lynch protesters in Jharkhand

    Business

    From suspicions of cow salughter to beef consumption and now "child lifters", India has become synonymous with lynchland. Das had strongly condemned the incidents and directed the officials to identify the miscreants who spread rumours about child lifters and those taking law in their own hands.
  • Average US 30-year mortgage rate slips to 4.02 percent

    Business

    Wednesday, turmoil in Washington over President Donald Trump's alleged Federal Bureau of Investigation scandals sent the Dow Jones Industrial average, and the 10-year Treasury, plummeting. Fixed mortgages rates are wobbling near six-month lows, according to the NerdWallet Mortgage Rate Index. One point equals 1 percent of the loan amount.
  • Salesforce.com, inc. (NYSE:CRM): Shares Heading Towards 52-Week High

    Salesforce.com, inc. (NYSE:CRM): Shares Heading Towards 52-Week High

    Business

    The company was downgraded on Thursday, February 4 by Cantor Fitzgerald. Traders bought shares of salesforce.com, inc. Jennison Associates LLC raised its position in shares of salesforce.com, inc.by 3.2% in the third quarter. With our outstanding first quarter results , we are thrilled to be raising our fiscal 2018 revenue guidance by $100 million and raising our GAAP and non-GAAP earnings per share expectations for the year", "Salesforce has once again been named the CRM market leader, ...
  • Reema Lagoo passes away

    Reema Lagoo passes away

    Business

    Lagoo was admitted to the hospital late last night after she complained of chest pain, the hospital's Executive Director Ram Naraian told PTI. Speaking about her, Mohnish Behl said that it was very shocking to hear about her death, really as she was working till Thursday, May 18 .
  • Foot Locker Plunges After Blaming Tax-Refund Lag for Slowdown

    Foot Locker Plunges After Blaming Tax-Refund Lag for Slowdown

    Business

    DnB Asset Management AS now owns 12,500 shares of the textile maker's stock valued at $846,000 after buying an additional 1,800 shares in the last quarter. The stock of Foot Locker, Inc . "(FL)" was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and global trademark & copyright laws.
  • The Coca-Cola Co (KO) Insider Sells $3813154.00 in Stock

    The Coca-Cola Co (KO) Insider Sells $3813154.00 in Stock

    Business

    The stock is now showing YTD performance of 6.41 Percent. The company reported revenue of $10.32 Billion in the same period previous year. Signature Estate & Investment Advisors LLC boosted its position in The Coca-Cola by 5.0% in the first quarter.
  • Trump trade officials prefer tri-lateral NAFTA deal: US senators

    Trump trade officials prefer tri-lateral NAFTA deal: US senators

    Business

    A U.S. Commerce Department spokesman said Ross and Guajardo discussed possible solutions and that they continue to work toward a negotiated settlement. Last week Ross, the USA commerce secretary, said he hoped to resolve delays in Congress that would allow the White House to formally notify it of its intent to renegotiate NAFTA, which would start the 90-day clock before the talks could begin.
  • Pence: US Won't Rest Until North Korea Gives Up Nuclear Weapons

    Pence: US Won't Rest Until North Korea Gives Up Nuclear Weapons

    Business

    However, US President Donald Trump made a decision to pull out of the deal , saying it was bad for American workers. With a USA aircraft carrier group steaming to the area in a show of force, fears of a confrontation have been rising. "It shows why we are working so closely right now with the Chinese.to try to get this under control and aim for the denuclearised Korean peninsula ", he said.
  • Lyft and Waymo are teaming up to work on self-driving cars

    Lyft and Waymo are teaming up to work on self-driving cars

    Business

    Ride-hailing startup Lyft Inc. and Waymo LLC, the driverless auto division of Google parent Alphabet Inc., said they would work together to develop autonomous vehicle technology, dealing another potential blow to rival Uber Technologies Inc.'s ambitions.
  • Tesla Begins Sales of Solar Roof

    Tesla Begins Sales of Solar Roof

    Business

    These solar roof tiles are not like the standard roof that one has at his house, but rather they are way different. Tesla's estimate of $21.85 per square foot for its Solar Roof is based on 35% of the tiles being solar. Tesla only confirmed that installation would start in "certain regions of the U.S" in June, therefore, the locations of the job postings might give us an indication of where Tesla plans to make its first solar roof installations.
  • US retail sales rebounded in April after sluggish winter

    US retail sales rebounded in April after sluggish winter

    Business

    Data issued today by the United States Department of Commerce and the National Retail Federation (NRF) for April retail sales were similar in that they showed mild sequential gains and larger annual gains. "As much as we do see some forward pressures on household finances, we also see positives from continued low gas prices, relatively full employment, and some modest gains in wages", Saunders said.
  • Air Canada to ditch Aeroplan, launch in-house points program

    Air Canada to ditch Aeroplan, launch in-house points program

    Business

    Air Canada's program is not a traditional loyalty scheme, since Altitude elite members don't earn miles from Air Canada toward free travel - they still get miles in the Aeroplan program - but they get perks directly from the airline for being loyal, including free upgrades.
  • Emergency declared after nuclear waste tunnel collapse

    Business

    A nuclear cleanup site at Hanford, one of the biggest, most complex superfund sites in the country, has been evacuated. "Collapse of the earth covering the tunnels could lead to a considerable radiological release". The tunnel contains highly contaminated materials , including railroad cars that were used to transport nuclear fuel rods, according to local news broadcaster King TV .
  • Hertz tanks 15% after missing big on earnings (HTZ)

    Hertz tanks 15% after missing big on earnings (HTZ)

    Business

    Zacks presents analysts with an ABR (Average Broker Rating ), based on the sell-side recommendations. 10/24/2016 - Goldman Sachs began new coverage on Hertz Global Holdings, Inc giving the company a " rating. Hertz Global Holdings, Inc has a 1-year low of $14.90 and a 1-year high of $53.14. ( HTZ ) has a market capitalization of 1.32 Billion while its Major Index membership is at 0.
  • BCCI clears India's participation in Champions Trophy

    BCCI clears India's participation in Champions Trophy

    Business

    Wait, Srinivasan? Wasn't he declared ineligible to continue as an office-bearer by the Supreme Court? The origin story of the tournament thus ties together several tropes: One, the BCCI's awareness that as a cricketing powerhouse, it had the responsibility to help ensure the financial well-being of global cricket and two, that this responsibility extended to providing for the needs of smaller, financially less fortunate cricketing nations.
  • India plans no-fly list of unruly passengers - aviation secretary

    India plans no-fly list of unruly passengers - aviation secretary

    Business

    More than 10,000 cases of unruly behaviour by passengers were reported in 2015 by airlines across the globe, ANI news agency said quoting International Air Transport Association figures. Raju and his Deputy Jayant Sinha. "If worldwide carriers want this input, they can use it", RN Choubey, Civil Aviation Secretary, said. This level of offence will carry a flying ban of three months.
  • Small companies reduced hiring in April, adding 61000 jobs

    Small companies reduced hiring in April, adding 61000 jobs

    Business

    The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report at 8:30 a.m. (1230 GMT) on Friday. "Looking across company sizes, midsized businesses showed persistent growth for the past six months", Yildirmaz said.
  • Ford first quarter profit beats estimates, reiterates 2017 profit outlook

    Ford first quarter profit beats estimates, reiterates 2017 profit outlook

    Business

    Ford said earlier this month that its first-quarter sales had fallen 4.4% from the same period past year to 617,302 vehicles, with auto sales tumbling 22.4% but more profitable SUV and truck sales rising 2.6% and 3.8%, respectively. It expects to make a pre-tax profit of $9 billion, down from $10.4 billion in 2016 as it invests in "emerging opportunities" like autonomous and electric vehicles.
  • Democratic Illinois House OKs Public Funding for Abortions

    Democratic Illinois House OKs Public Funding for Abortions

    Business

    Hundreds of women attended the rally, which came as the Illinois House took up HB 40, a bill that would keep abortion legal in the state should Roe v. "We are overjoyed that Governor Rauner has said he will veto this radical legislation", Troscinski said. The measure is sponsored by Chicago Democratic state Rep.
  • Trump tweets don't help: 1st Twitter revenue drop since IPO

    Business

    Average monthly active users were 328 million, up 6 percent year-over-year. Twitter Inc. soared past first-quarter user expectations, adding 9 million users in the quarter, beating revenue expectations along the way. Twitter says that Trump is not the only reason Twitter growth improved last quarter. Advertising revenue accounted for the lion's share of the company's revenue coming in at $473.7m for the quarter; a reduction of 11% compared to what it generated throughout the ...
  • FCC Chief Begins Rollback Of Net Neutrality Regulations

    FCC Chief Begins Rollback Of Net Neutrality Regulations

    Business

    Pai's announcement drew immediate fire from consumer advocates and others who claimed it will allow big broadband firms such as AT&T (Sao Paolo: ATTB34.SA - news ) and Verizon (NYSE: VZ - news) to choke off or slow access to competing "edge" services like video operators Netflix (Xetra: 552484 - news) and Amazon.
  • Uber unveils plans to demo flying cars by 2020

    Uber unveils plans to demo flying cars by 2020

    Business

    Similar to how Uber dispatches drivers and their cars, the company will not be manufacturing the flying cars, which will be vertical take-off and landing, or VTOL, vehicles. The company was also forced to suspend its self-driving auto programme last month after a crash involving one of its vehicles in Arizona. Uber has announced plans to expand its ride-ordering app to the skies, with customers ordering helicopters as easily as they order cars.
  • Schlumberger Stock Falls After Missing on 1Q Revenue

    Schlumberger Stock Falls After Missing on 1Q Revenue

    Business

    HSBC Holdings plc began coverage on Schlumberger Limited.in a research note on Wednesday. Stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 3 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by [[site]] and is owned by of [[site]]. The shares were sold at an average price of $81.54, for a total value of $407,700.00.
  • Greece reports 1st govt surplus since 1995

    Greece reports 1st govt surplus since 1995

    Business

    The surplus figure could provide some relief for the country's left wing government as it struggles to overcome a disagreement with bailout lenders on unfreezing its rescue loans. "That hurts the real economy and carries a political cost in terms of public sentiment". A courier with his bicycle passes graffiti on a wall in Athens, Friday, April 21, 2017.
  • Tesla plans 14 supercharger stations in Korea this year

    Business

    The number of Tesla supercharges which are total in North America will soon going to boost up to 150 percent. In parallel, the company will built a network of more than 9,000 Destination Charging connectors that replicate the convenience of home charging by providing hotels, resorts, and restaurants with Tesla Wall Connectors.
  • Israeli Attack on Syria Military Camp Kills Three

    Israeli Attack on Syria Military Camp Kills Three

    Business

    The incident led to heavy losses of equipment and material in the Syrian Arab army. Israel has engaged in several strikes against Syria , its northeastern neighbor, since the start of the Syrian civil war in 2011. It was not clear whether the assault was an airstrike or shelling. After Israel acknowledged its attack, a departure from usual policy, Russian Federation summoned Israel's ambassador to explain it.
  • Finance leaders downplay differences with Trump over trade

    Finance leaders downplay differences with Trump over trade

    Business

    This year's meetings were dominated by a debate over how to respond to a rising tide of anti-globalization sentiment evidenced in the United States by the election of President Donald Trump, who pledged during last year's campaign that he would reduce America's huge trade deficits which he blamed for the loss of millions of good-paying factory jobs.
  • IMD monsoon forecast: Normal rain, fair distribution across India

    IMD monsoon forecast: Normal rain, fair distribution across India

    Business

    A normal monsoon will result in investors' optimism on the outlook for the market led by increased consumption and higher economic activity. However, the extreme sea surface temperature conditions over the Pacific and positive Indian Ocean Dipole (IOD) development over the equatorial Indian Ocean are known to have strong influence on the Indian monsoon.
  • Oil up on potential output cut extension

    Business

    The estimates followed data from the U.S. Energy Information Agency Tuesday, which said American producers would likely increased their 2018 output by around 7.37% to 9.9 million barrels per day. The market, which retreated early in USA trading, turned positive after reports that Saudi Arabia said it wants to extend production cuts enacted in January for another six months when the group meets in May, according to the Wall Street Journal.
  • Ofcom details plans to open up BT's broadband network to competitors

    Ofcom details plans to open up BT's broadband network to competitors

    Business

    United Kingdom telecoms regulator Ofcom on Thursday set out plans to help improve access to BT Group PLc's network infrastructure, to encourage investment from competitors in fibre broadband connections. Ofcom said that for around half of United Kingdom homes, the property's final connection to the network comes directly from a telegraph pole. It cited the statistic that full-fibre broadband coverage in the United Kingdom now stands at around 2%, which compares to over 70% in Japan, Spain ...
  • $13 a pack? NYC mayor wants highest cigarette prices in US

    Business

    The Tax Foundation reportedly found that 55.5 percent of cigarettes smoked in NY in 2014 were purchased from people selling loose cigarettes (loosies). The proposal recommends that all residential building in NY develop a smoking policy. Contrary to the public health concerns that Cabrera raised, the same report said that the interest of public health is served by working to "promote the use of e-cigarettes, NRT and other non-tobacco nicotine products as widely as possible as a substitute ...
  • Exxon seeks OK to resume Russian oil venture

    Business

    Among those charged with deciding to grant the permit is Secretary of State Rex Tillerson, the former CEO of Exxon who previously oversaw the company's Russian Federation operations. Among other things, US companies were prohibited from transferring advanced technology used to drill offshore and in shale formations. The Russia sanctions have cost the company hundreds of millions of dollars.