Economy

Egypt blocks 21 websites including Al Jazeera - security sources

Egypt blocks 21 websites including Al Jazeera - security sources

The report published on Wednesday also said Sheikh Tamim spoke favorably about the Lebanese organization Hezbollah and the Palestinian group Hamas, while criticizing US President Donald Trump and saying he may not serve a full term. The development prompted Saudi Arabia and the United Arab Emirates to respond by blocking Qatari media, including broadcaster Al-Jazeera. "The statement published has no basis whatsoever, and the competent authorities in the State of Qatar will hold all those ... Read More

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Ford replaces CEO in push to transform business

Ford replaces CEO in push to transform business

Ford shares are down 37 percent since Fields took over three years ago, at the peak of the US auto industry's recovery. Bill Ford and Ford's Board of Directors thanked Fields for his significant contributions to the company. Hackett is also head of the company's smart mobility unit, which is focused on its ride-hailing and car-sharing efforts. Analysts and investors have routinely questioned the company's ability to weather the next industry downturn-criticism has increased as US auto ... Read More

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Suspicion: Massive cyber attack caused by North Korea

WannaCry also includes software that was stolen from the US National Security Agency [official website] and illegally published online in April. This would help them to plan if their country is attacked. The United States accused it of being behind a cyber attack on Sony Pictures in 2014. FireEye Inc, another cyber security firm, said it was also investigating, but was cautious about drawing a link to North Korea. Read More

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Factors to Note Before Buying Target Corp. (TGT)

Compton Capital Management Inc. Several equities research analysts have recently commented on the company. First National Bank Sioux Falls boosted its position in shares of Target by 18.5% in the third quarter. Target Corporation posted net revenue of 20.69B, beating Wall Street analysts who had forecast $20.7B. The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Read More

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Market round-up: Euro soars amid Trump concerns

Market round-up: Euro soars amid Trump concerns

The U.S. Dollar Index measures the strength of the greenback against six main currencies. Optimism over pro-growth economic policies under Trump helped drive a sharp rally in US stocks after the November 8 USA election. The S&P 500 was on track for its worst day since September. Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue as to whether an OPEC-led output cut is making progress in reducing a persistent global supply overhang. Read More

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BHP boosts rig numbers ahead of Elliott defence

BHP boosts rig numbers ahead of Elliott defence

Elliott said today: "Current management's response to the value unlock plan has been misconceived, wholly unconvincing and a disservice to BHP's owners - underestimating the groundswell of dissatisfaction among shareholders". The plan would also raise BHP's market value by $5 billion and likely cost about $200 million, as opposed to the producer's estimate of about $1.3 billion, the fund said. Read More

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Xiaomi bets big on Mi Homes for larger offline play

Xiaomi bets big on Mi Homes for larger offline play

Technically speaking, the Redmi 4 comes with a 5 inch HD display with 2.5D curved glass protection, while being powered by a 1.4 GHz octa-core Qualcomm Snapdragon 435 SoC paired with either 2/ 3/ or 4 GB of RAM as we mentioned earlier. Connectivity options include dual-SIM card slots (hybrid setup), 4G with VoLTE support, Wi-Fi, Bluetooth and Global Positioning System. The router also comes with the metering feature that will let users limit the bandwidth for each device and also block ... Read More

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SolarCity co-founder Lyndon Rive to leave Tesla Inc. in June

The SolarCity and Tesla exec told Reuters in an interview Monday he would be leaving his post as head of sales and service at Tesla's energy arm . Musk said the two companies belonged together because they share a common vision - a world fueled by renewable energy - and leadership. Rive's departure comes a week after Tesla announced it would begin taking orders for its solar roof tiles, a new technology that Musk believes will help make solar panels a thing of the past. Read More

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Russia, Turkey, and Iran Agree to Ban U.S

A spokesman for rebel groups who attended the talks in Kazakhstan expressed doubt Friday about the agreement , including with regard to Russia's ability to force Iran and the Syrian government to respect a truce with the rebels. The deal calls for the establishment of four "de- escalation" zones across stretches of eight Syrian provinces. Mr Fomin said that there had been no bombing raids by Russian aviation in the four zones since 1 May. Read More

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Canada rejects US duties on lumber as 'baseless'

The doubts over trade has seen the gathering in Bari tipped as being the venue for the latest battle of Bari , a fortified port on Italy's southern Adriatic coast that has seen many power tussles over the centuries. "Compared with a month or two months ago, the stiffness is gone". Mnuchin said "this is a big priority for the president". Are TV hosts getting to the Trump administration? Separately, Padoan said his relations with new U.S. Read More

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Paytm may cut value of Freecharge by 80%

Paytm may cut value of Freecharge by 80%

In other news, SoftBank has got a nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India's largest e-commerce firm, Flipkart, reports PTI . Even though SoftBank, Nexus Venture Partners and Kalaari Capital are yet to resolve their conflict, the latest round of talks has pushed them closer to a deal, three people aware of the discussions said, requesting anonymity as the talks are confidential. Read More

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Judge orders prosecutors to charge Amtrak engineer in crash

Kline said on behalf of the Jacobs family and the families of the other victims. Brandon Bostian faces eight counts of involuntary manslaughter and other crimes including causing a catastrophe and reckless endangerment. Temple University professor Jules Epstein says the office could arrest engineer Brandon Bostian , seek to dismiss the case, appeal or ask the judge to reconsider her ruling. Read More

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'Wages won't keep up:' UK central bank says inflation biting

Behind the headline figures, however, the BOE's perception of the balance of growth has altered, partly in light of a consumer slowdown hitting growth earlier and more substantively than previously expected . This was "concentrated in consumer-facing sectors, consistent with the impact of the fall in the exchange rate feeding through to household income and spending", the Bank added. Read More

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Jakarta governor sentenced to 2 years prison for blasphemy

Basuki Tjahaja Purnama, known as Ahok, was hauled into court a year ago to face trial for allegedly insulting Islam while campaigning for re-election in a case critics said was politically motivated. An edited version of his speech went viral online, sparking outrage. Throughout the trial, Mr Purnama denied wrongdoing, but did apologise for his comments nonetheless. Read More

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What is Hanford? Nation's most contaminated nuclear site

This image provided by the U.S. Department of Energy shows a 20-foot by 20-foot hole in the roof of a storage tunnel at the Hanford Nuclear Reservation near Richland, Wash., Tuesday, May 9, 2017 . But this is hardly the first headline to stem from the site, which is located just 200 miles from Seattle, Washington. According to a facility statement issued late Tuesday morning, a 20-foot section of a tunnel caved in next to the site's PUREX facility (which extracts plutonium). Read More

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Kapil Mishra's charges don't merit a response: Sisodia

Most of AAP's 20 legislators in Punjab have little love for the Delhi chief minister. There were several ignominious allegations against the duo. Recently, the Aam Aadmi Party cried political vendetta when the Union Home Ministry sought details of foreign donations from the AAP based on the suspicion that the party may have violated provisions of the Foreign Contribution Regulation Act, 2010 (FCRA). Read More

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United Airlines reaches settlement with dragged passenger

United Airlines reaches settlement with dragged passenger

City officials have made it clear that they expected the city would be sued because Chicago aviation security officers pulled Dao off the flight at Chicago's O'Hare Airport on April 9. Among other things, the airline said it will raise the limit on payments to customers who give up seats on oversold flights to 10,000 dollars (£7,750) and it will improve training of employees. Read More

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Media professionals resolve to uphold freedom of independent journalism

Media professionals resolve to uphold freedom of independent journalism

India ranked 136th on World Press Freedom Index , 3 points lower than last year's. He said a vibrant and independent media is the bedrock of every democratic nation, "and we must all work together to protect these institutions". The IFJ listed 93 cases of killings of journalists around the world past year and in 2017, 13 have lost their lives to violence so far. "Journalists are increasingly the targets of online smear campaigns by the most radical nationalists, who vilify them and even ... Read More

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Old £5 notes near the end

Old £5 notes near the end

A public consultation has been launched by the Bank into how it produces new £20 polymer notes. "It is important for consumers, retailers and other businesses to be aware that on 5 May 2017, the older paper Bank of England £5 notes featuring Elizabeth Fry will be withdrawn from circulation". Read More

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American Airlines Group Inc (AAL) Stock Rating Reaffirmed by Cowen and Company

American Airlines Group Inc (AAL) Stock Rating Reaffirmed by Cowen and Company

Hellman Jordan Management Company Inc decreased American Airlines Group Inc (AAL) stake by 31.11% reported in 2016Q4 SEC filing. When it comes to the Analysis of a Stock, Price Target plays a vital role. The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Saturday, May 6th will be issued a $0.10 dividend. Read More

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Volkswagen Considering Possible Sale Of Ducati

Volkswagen Considering Possible Sale Of Ducati

The automaker has started reaching out to prospective buyers to sound out their interest, no decision has been handled whether the brand will be sold, they added. Having repeatedly said no in the past, Volkswagen may now be changing its tune to a yes in the case of the potential sale of Ducati . Should Ducati fail to find a buyer, Volkswagen may consider a stock market flotation to raise funds. Read More

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Marissa Mayer to rake in $184m from Yahoo sale

Marissa Mayer to rake in $184m from Yahoo sale

Yahoo had originally been planning to spin off the Alibaba stake, but was forced to U-turn on this, and instead agreed to sell the core units to Verizon, in a deal which was announced a year ago. This will no longer include the valuation of stock she has already sold or the bonus she chose to give up due to the massive cyber security breaches revealed earlier previous year. Read More

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United pledges to review policies on removal of passengers

Even more unfortunate was the fact that I was returning from a spring break trip with seven of my students from Louisville Male High School who also witnessed the unconscionable treatment of the passenger. United is the dominant carrier at New Jersey's largest airport, which is in Newark. Munoz added, "The first thing is to apologize to Dr. Dao, his family, the passengers on his flight", he said. Read More

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Police Reports Tell Other Side of United Incident

The officer started working as an aviation security officer on January 25, 2015, records show. "Disturbance, Charlie 3, on the aircraft". He told NBC News that he intends to sue the airline, saying, "We're hoping that Dr. Demetrio said Dao is planning a lawsuit against United Airlines . Dao - a 69-year-old physician from Kentucky who was involuntarily bumped to make room for United crewmembers en route to another job - allegedly acted "violently" and yelled, "I am not leaving this ... Read More

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Chipotle Takes a Big Bite Out of Earnings

Chipotle Takes a Big Bite Out of Earnings

A total of 26 analysts have released a report on Chipotle Mexican Grill, Inc. (NYSE: CMG ) is getting prepared to post earnings results on 4/25/2017 4:30:00 PM. The company has a market capitalization of $13.78 billion, a PE ratio of 622.19 and a beta of 0.59. The stock's 50 day moving average is 432.55 and its 200 day moving average is 409.13. Read More

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Analyst Price Targets On NMC Health (LON:NMC)

Therefore 83% are positive. Barclays PLC had 273 analyst reports since July 23, 2015 according to SRatingsIntel. Out of 5 Wall Street analysts rating MSA Safety Incorporated, 3 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Admiral Group PLC has GBX 2339 highest and GBX 235 lowest target. The average stock price target is 17.80GBX with 4 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a ... Read More

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Fox stock gains ground following O'Reilly firing

Colbert wasn't the only late night host to celebrate O'Reilly's downfall. It was his first official statement regarding the scandal and it raised a lot of eyebrows because of the fact that he denied the sexual harassment allegations. Steel, who joined the Times as a media reporter in 2014, was one of the two journalists whose reporting earlier this month led advertisers to leave The O'Reilly Factor and, eventually, to the network dumping O'Reilly on Thursday. Read More

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Volkswagen fined $2.8bn in United States diesel emission scandal

Volkswagen fined $2.8bn in United States diesel emission scandal

Volkswagen admits that almost 600,000 diesel cars in the U.S. were programmed to turn on pollution controls during testing and off while on the road. "Plain and simple, it was wrong. We let people down and for that we are deeply sorry", Doess said. The fine pushes the financial cost of the scandal to Volkswagen for just court penalties and vehicle buybacks past $15 billion. Read More

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Dollar/yen off 5-month low but US-Japan trade issues limit rise

Dollar/yen off 5-month low but US-Japan trade issues limit rise

This was probably because of the tension mounting from the North Korea front, the upcoming French presidential elections and also due to the economic dialogue that is to take place between the United States and Japan on Tuesday. The US dollar had an Easter Monday slump, mostly against the yen on geopolitical worries. Shares dipped on Monday while the dollar and USA bond yields fell after soft US economic data hurt investor sentiment already frayed by worries over North Korea and upcoming ... Read More

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EPA chief visits Indiana waste site amid proposed budget cuts

The statement issued by the EPA on April 13 said the rule has been estimated to cost $480 million per year and has a reported average cost of $1.2 billion per year during the first five years of compliance. Environmentalists say USS Lead Superfund in East Chicago , Indiana, is the poster child of environmental injustice. The EPA was created as part of Reorganization Plan No. Read More

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Allstate pulls ads from Fox show as scandal erupts

Allstate pulls ads from Fox show as scandal erupts

However, with sponsors pulling out, and Fox News and its parent company 21st Century Fox now losing sponsors over heavy accusations leveled against O'Reilly, it's possible the 67-year-old anchor's time with the network could be jeopardy. O'Reilly no longer works Fridays, and his fill-ins on the night - typically Eric Bolling and Jesse Watters - do not draw as well as the program's eponymous host during the rest of the week. Read More

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Pacific Consortium back in Tatts chase

Pacific Consortium back in Tatts chase

Tatts is now subject of a merger proposal with Tabcorp. Tatts previously rejected a cash and scrip offer which proposed splitting its wagering and gaming businesses. The proposal is subject to the completion of due diligence and the unanimous recommendation of the Tatts board. A Tatts-Tabcorp merger would form a gambling powerhouse that would help both companies fend off a challenge from overseas online rivals such as Britain's William Hill PLC WMH.L and Ireland's Paddy Power Betfair PLC ... Read More

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Neuer fractures left foot in loss to Real

Arturo Vidal was sent off in Bayern's defeat to Madrid . "Yeah, you know in my opinion it's a shame because you see such a great game", said to Viasat . The card given to Arturo [after 84 minutes] wasn't a card. Real Madrid battled their way past Bayern Munich with a 4-2 win at the Santiago Bernabeu. Read More

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Warming Up Into the Weekend

As we move through another Spring day, our weather is imitating conditions normally found in Summer. Temperatures will again start off in the 60s with some patchy areas of fog developing closer to sunrise. Although there is risk of odd patches of rain, the day will be broadly cloudy with the odd "glimmer" of sunshine, forecasters said. Mr Stewart said a tropical low building off northwest Australia will be caught up with a cold front and will reach Victoria in the second half of next week. Read More

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Great Barrier Reef sees back-to-back years of mass bleaching

Great Barrier Reef sees back-to-back years of mass bleaching

James Kerry , from James Cook University , said to CNN . Because coral reefs can take up to 10 years or more to recover from bleaching, Steinberg said , "If it continues to happen every year, there is simply no time for recovery". " Clearly the reef is struggling with multiple impacts ", said Prof. "They have had no chance to recover from last year's events", added he. "Unfortunately, the cyclone affected part of the Great Barrier Reef, which until now escaped large-scale bleaching", ... Read More

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Akzo Nobel Paints Itself in Corner in Elliott Fight

Akzo Nobel Paints Itself in Corner in Elliott Fight

Singer was referencing the hedge fund's attack plan after calling for a special meeting to oust the Dutch-based painting and specialty chemicals company's chairman, Antony Burgmans. It has also reported Elliott to the regulators, saying it became aware yesterday of Elliott's intention to "privately share potentially price sensitive information with PPG" about its decision to request an EGM. Read More

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Pump prices climb higher in Meadville area

Pump prices climb higher in Meadville area

AAA projects the national average for a gallon of gasoline will increase 40 cents this summer, peaking near $2.70, which is 70 cents higher than it was last summer. Primary factors contributing to increased crude oil prices include the seasonal uptick of driving demand , continued uncertainty around an extension of OPEC production cuts and increased USA production. Read More

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