Economy

Google's advertising crisis goes global

The video was also paired with brands in Asia - Castrol lubricants in India and Cow & Gate infant formula in Hong Kong. "We will continue to take every measure to ensure our brand advertising is consistent with our brand values". Digital advertising grew by 17 percent globally to $178 billion in 2016, according to marketing consultant Magna Global, which projects that digital-based ad sales will overtake TV to become the No. Read More

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Neymar Beat Uruguay's Keeper With A Devilish Little Chip Shot

Neymar Beat Uruguay's Keeper With A Devilish Little Chip Shot

Brazil recovered from conceding an early goal to beat Uruguay 4-1 in Montevideo on Thursday, with Paulinho grabbing a hat-trick in a win that all but cements their place at next year's World Cup finals. Liverpool ace Philippe Coutinho was in action for Brazil on Thursday in their 4-1 win over Uruguay and it appears as though he enjoyed himself. Our team is very self-aware that it has to triangulate. Read More

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Brazil meatpackers accused of selling 'rotten' beef, chicken

A judge in Brazil has also accused the agriculture ministry of betraying the country as police issued 38 arrest warrants following a clampdown called "Operation Weak Flesh" on Friday (17 March). Meanwhile, an agriculture ministry spokesman confirmed that 33 meat inspectors had been suspended and that three plants had been shut down. The companies allegedly improve the appearance and smell of expired meats by using chemicals and cheaper products like water and manioc flour. Read More

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WTI, Brent crude oil futures settle higher

At 10.30am GMT on Monday (20 March), prices for West Texas Intermediate crude fell 1.56% to $48.03 a barrel, while the cost of a barrel of Brent crude slipped 1.21% to $51.14. Meanwhile, US crude oil prices had risen ~8.3% in the last 12 months. This was not the highest level, but it was close: fund managers at that point had trimmed down their net position by a total of 16 million barrels from the previous week, and by a net 77 million barrels since the high point of 951 million from ... Read More

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Ontario man sought in murder of stepson

Ontario man sought in murder of stepson

The stepfather, identified as Justin Kuijer, is also being sought in relation to a stabbing incident at a Royal Bank branch located at 211 Martindale Road on Friday in which a woman was sent to hospital. Her name and the hospital she is at are not being released as a security precaution while Kuijer remains at large, Gavin said. Police say Kuijer is considered armed and risky and his whereabouts remain unknown. Read More

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Asian indexes mixed, weighing prospects of fewer Fed hikes

Asian indexes mixed, weighing prospects of fewer Fed hikes

Asian stocks rose Thursday following a US rate hike and a Eurosceptic party's defeat in Dutch elections. In what was quiet day for top-tier economic data releases, upbeat USA economic data had a muted effect on equities. Risk sentiment was dampened with analysts widely expecting the base interest rate to be raised by half a percent, pushing it to a range of 1% to 1.25%. Read More

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Russian Federation denies Yahoo hack involvement

Russian Federation denies Yahoo hack involvement

USA prosecutors may never get their hands on Dokuchaev, Sushchin and Belan, all of whom are protected in Russian Federation. The FSB officers "protected, directed, facilitated and paid criminal hackers to collect information through computer intrusions in the USA and elsewhere", the department said in a statement announcing the indictments. Read More

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UK Parliament passes Brexit bill

UK Parliament passes Brexit bill

While leaders of EU countries will gather in April or May for a summit to agree on the "framework" for talks, actual discussions with the United Kingdom can't begin until ministers officially approve more-detailed negotiation directives to be drawn up by the Brussels-based European Commission. Read More

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World markets poised for US Fed rate hike

World markets poised for US Fed rate hike

The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, increased one-tenth of a percentage point to 63%, the highest level since March 2016. Airline stocks had some of the market's biggest losses after the industry canceled thousands of flights in the face of fierce snowstorms. Shares of Valeant plunged 10.5 percent to $10.82 after billionaire investor William Ackman said his hedge fund, Pershing Square Capital Management, ... Read More

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OPEC, shale seek a truce

OPEC, shale seek a truce

Rosneft said the only guaranteed route to balance the market was for all producers to limit supplies, but acknowledged this would not happen because US shale producers would not join any such pact. EIA expects drillers to raise production by 70,000 barrels a day in April. The nation's active oil-rig count has nearly doubled since May to 617 last week, according to Baker Hughes. Read More

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Short Interest in elf Beauty Inc (ELF) Grows By 54.0%

Short Interest in elf Beauty Inc (ELF) Grows By 54.0%

Oppenheimer Holdings Inc. restated an outperform rating on shares of Ulta Beauty in a report on Tuesday, December 20th. Analysts polled by FactSet had expected earnings of $2.14 a share on sales of $1.54 billion. "On the merchandising front we continue to see trends similar to the preceding quarters, with prestige cosmetics leading the way, but with strength across all major categories and newness contributing significantly to our performance", said Ulta Beauty CEO Mary Dillon on a ... Read More

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Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM)

Institutional investors have recently made changes to their positions in the company. Ltd. increased its position in Exxon Mobil by 92.2% in the second quarter. Exxon Mobil's payout ratio is 159.58%. Several equities analysts have weighed in on XOM shares. The stock prices target chart showed high target of 70 kept by analysts at WSJ while the average price target was for 53.47 as compared to current price of 40.26. Read More

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Why Was South Korea's President Impeached?

Why Was South Korea's President Impeached?

Since the scandal first came to light in October, protesters have taken to the streets every weekend to call for the president's impeachment. The country's first female leader is accused of allowing a close friend to profit from her connections with the presidency, and was impeached in December after weeks of protests aimed at securing her resignation. Read More

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Marathon Oil Corporation (NYSE:MRO) Chalking Up Volume in Session

Marathon Oil Corporation (NYSE:MRO) Chalking Up Volume in Session

Jefferies Group LLC reduced their price target on Marathon Petroleum Corp from $62.00 to $61.00 and set a "buy" rating for the company in a research report on Monday, January 23rd. If you are viewing this story on another site, it was copied illegally and reposted in violation of USA and global trademark & copyright laws. The correct version of this news story can be read at ... Read More

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Fortune names three retailers Great Place to Work Legends

Fortune names three retailers Great Place to Work Legends

Wegmans is one of just 12 companies to have appeared on the list for all 20 years, and has been designated one of the " Great Places to Work Legends ". Visit newsroom.hilton.com for more information and connect with Hilton on Facebook , Twitter , LinkedIn , Instagram and YouTube . This year marks the 20th anniversary of the Fortune 100 Best Companies to Work For list. Read More

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ADP: 298000 Jobs Added in February; 66000 in Construction

The service-producing sector added 193,000 jobs, which was highlighted by the professional and business sector (66,000), education and health (40,000) and leisure and hospitality (40,000). One of the things that was supposed to make robust job growth almost impossible under Trump was the already low unemployment rate , which supposedly would make it impossible to produce the kinds of job growth Trump had promised . Read More

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ExxonMobil to invest $20B in Gulf Coast projects

ExxonMobil to invest $20B in Gulf Coast projects

Chairman and CEO Darren Woods , a keynote speaker at 36th annual CERA Week conference here, yesterday said the projects include 11 proposed and existing sites in Texas and Louisiana. Woods, whose background is in downstream activities, wants to emphasize this aspect of the company's business in part for the political benefits: The Trump Administration's focus on expanding US exports and building American infrastructure in order to produce new jobs clearly factored into Woods' address, which ... Read More

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Obama spokesperson says Trump's claim on Trump Tower wiretap is false

Obama spokesperson says Trump's claim on Trump Tower wiretap is false

Mark Warner of Virginia, the top Democrat on the committee, who said the committee will obtain all of the information it needs to get to the bottom of the topic of Russian interference. USA intelligence agencies have concluded that Russian Federation interfered in the campaign with the goal of helping elect Trump over Democrat Hillary Clinton - findings that Trump has dismissed. Read More

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Deutsche Bank announces eight billion euro rights issue and structural shake-up

Deutsche Bank announces eight billion euro rights issue and structural shake-up

Jeffrey Urwin, now head of corporate and investment banking which helps clients with acquisitions, raising debt and equity, is stepping down from his post, while the bank will at a later stage name a successor to CFO Schenck. Marcus Schenck, CFO at the bank, later said that it would do "everything that is necessary" to hit a 12.5% Core Tier 1 ratio by 2018. Losses and mounting legal bills raised doubts about Deutsche Bank's financial strength, which intensified after the United States ... Read More

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PSA Buys Opel From GM, Will Announce Deal On Monday, Says Report

The deal "will be sealed on Monday morning in France and in Germany", the source said, adding that both sides "were very enthusiastic and satisfied". Spokespeople for PSA and Opel declined to comment. PSA is optimistic that acquiring Opel will save the company about $2.1 billion. The carmakers have since narrowed the gap on pensions and the so-called "non-compete" agreements sought by GM, the people said, although it remains unclear how or whether they have been resolved. Read More

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Nintendo Switch Demos Have No Play Limit

Nintendo Switch Demos Have No Play Limit

The Nintendo Switch is available tomorrow from €329.99 (although it might be hard to get your hands on one as they are set to be an instant sellout). REP: How do you feel about the launch lineup? Without a doubt, the biggest draw among the Switch's initial lineup of games is The Legend of Zelda: Breath of the Wild. Read More

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A Surprising Clue About Oil Prices Today

Despite the threat of USA production, several analysts' and fund managers expect prices to rebound from their current level, thanks to higher than expected compliance from OPEC producers. On the contrary, USA crude stocks have risen 39 million barrels this year, to 518 million, since OPEC started cutting production in January. Also, data from the EIA showed that domestic supplies of natural gas rose by 7 billion cubic feet for the week ended february 24. Read More

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Duterte restarts war on drugs after police inquiry

PNP chief Director General Ronald dela Rosa told reporters that the police force is willing to resume its campaign if Duterte will allow it, as he claimed that drug traffickers are rejoicing over the suspension of the police campaign. "We are ready to go back to war if given order by the president. Nasasayangan ako e. So the sooner the better". "We have to await proper instructions and guidelines", he said. Read More

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Zanganeh: OPEC Determined to Manage Crude Oil Market

Zanganeh: OPEC Determined to Manage Crude Oil Market

Friday's US oil rig count data is very important for oil prices, as this will highlight the rate of investments in USA oil markets. Prices yesterday rose 86 cents to close at US$54.45, the highest settlement since July 2, 2015. West Texas Intermediate for April delivery was at US$53.99 a barrel, down 46 cents, on the New York Mercantile Exchange as of 12.43pm in London . United States crude stocks grew by 564,000 barrels over the week ending on Feb.17, according to the country's Energy ... Read More

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Texas leads sixth straight jump in rig count

Texas leads sixth straight jump in rig count

Of the active rigs, 206 are drilling for oil; 135 for gas. Alaska and Louisiana each lost two rigs and North Dakota declined by one. The total rig count increased by 3 to 754, with 1 miscellaneous rig remaining in use. After the rig-count release, West Texas Intermediate crude futures for April delivery were down by 0.8% to $54.02 per barrel, but on track for a weekly gain. Read More

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Dakota Access pipeline camps abandoned, burned after nearly a year of protest

Dakota Access pipeline camps abandoned, burned after nearly a year of protest

It was not clear where they were headed. "You had to try and be arrested today", said Burgum. He said he didn't support people setting fires on sacred grounds, but understood people's emotions were high. "All of them are going to be out there fighting to hold their land". Hundreds of protesters are still in the area. Updates are also coming from the Facebook pages of the Indigenous Environmental Network's Dallas Goldtooth and Kandi Mossett . Read More

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The Trump Administration Removed Bathroom Protections For Transgender Students

The Trump Administration Removed Bathroom Protections For Transgender Students

DeVos, who prior to her confirmation was best known as a conservative political activist who had donated large sums of money to the Republican Party, had briefly addressed the conference, largely focusing her speech on the importance of conservative ideas and encouraging younger, college-age CPAC attendees not to be bullied or cowed into silence due to their conservative beliefs. Read More

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Restaurant Brands International Agreed to Acquire Popeyes in $1.8 Billion Deal

The deal reflects a 27% premium on the 30-day average of the company's share price. Restaurant Brands International is a Canadian multinational that was formed when Burger King merged with the Canadian donut shop Tim Hortons in 2014. Bachelder, it should be noted, has been credited as one of the key forces in Popeyes' success in recent years; the chain had been flagging in the early aughts, but Bachelder came on as chief executive in 2007 and brought with her a laser focus on data and ... Read More

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Barclays Turns To Profit In Q4

Barclays Turns To Profit In Q4

United Kingdom banking giant Barclays posted a surge in annual profits for 2016 on higher investment banking revenues and a significant drop in litigation and conduct costs. Shares rose as much as 4% after the profit cheer and as Barclays said its restructuring was ahead of plan. But Barclays chairman John McFarlane warned "significant challenges remain" as Barclays continues to fight U.S. Read More

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Home Depot earnings: $1.44 EPS, vs estimate of $1.34 a share

Net earnings rose by nearly 20% and a shrinking share count boosted that growth pace to 24% on a per-share basis. Analysts expected earnings of $1.33 per share for the quarter on sales of $21.79 billion. raised its stake in Home Depot , Inc. That topped analysts' estimates , and along with strong sales and a plan to return more cash to shareholders, sent the stock climbing in early trading. Read More

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Banks lift stocks, USA yields climb following data

Banks lift stocks, USA yields climb following data

U.S. stocks were set to open slightly lower on Wednesday, after a recent spate of record highs, as investors assessed upbeat economic data that strengthened the prospect of an interest rate hike. Lockhart added, that "I don't really see compelling reasons to move ahead in March ". The Fed raised its benchmark federal-funds rate in December to a range between 0.5% and 0.75%, and penciled in three quarter-percentage point increases this year to prevent the economy from overheating as it ... Read More

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Echoing inaugural themes, President Trump emphasizes American jobs at Boeing

Echoing inaugural themes, President Trump emphasizes American jobs at Boeing

The new president toured a 787-10 still under construction and, before leaving, sat in the pilot's seat of a completed airplane painted in contrasting shades of blue that formed the backdrop for his remarks. The presidential visit marks a photo finish for Boeing, which for weeks vigorously campaigned against the Machinists' effort. President Donald Trump is visiting SC for the first time since winning the Republican primary a year ago. Read More

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The Hot Stock: Kraft Heinz Jumps 11%

As such, Unilever said it sees "no basis" to hold further discussions with the United States group. In midday trading the company's shares were up 376.5p to £37.25, valuing Unilever at £112.7bn. At this stage, Clayton agrees with Unilever's decision to spurn the first advance from Kraft Heinz . "Inevitably, Kraft Heinz will not have led with its best offer and a protracted negotiation probably lies ahead". Read More

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