Economy

PB Acharya's message on 'World Blood Donor Day'

PB Acharya's message on 'World Blood Donor Day'

Aigboje Ikhuoria reports that some residents in Benin City donated blood as part of the commemoration of the day. "It has the effect of shifting our attention from the patient who is most in need, to the donors in order to go through the process of the interviews, collecting the blood, and testing the blood, all before the person is transfused". Read More

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Brexit talks to focus 1st on orderly exit

Brexit talks to focus 1st on orderly exit

Brexit secretary David Davis agreed to drop earlier demands he made last week that trade talks should run in parallel with the divorce discussions, an issue that he had promised to turn into " the row of the summer ". Talks were "very constructive", however the European Union warned "the clock is ticking". The document released after the first day of discussion on " Terms of Reference for the Article 50 TEU negotiations " stated: "The following initial negotiating groups have been ... Read More

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McCain: Americans 'stupid' to travel to North Korea

McCain: Americans 'stupid' to travel to North Korea

In an interview with CBS News, South Korean President Moon Jae-in said that while it's not clear if North Korea killed Warmbier, they have "heavy responsibility". Work with, or compel, China to deny them and their mistresses the ability to fly to Beijing - the major airport for global travel from Pyongyang - to prevent them from buying luxury goods in China, or from transiting on to a vacation in Paris. Read More

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Trump confirms he's under investigation

Trump confirms he's under investigation

Trump demonstrated Friday morning that the Russian Federation probe continues to consume his attention, tweeting a stream of messages decrying the controversy. Pence tapped far-from-average lawyer Richard Cullen, who litigated the 1980s Iran-Contra scandal, the Watergate affair and the 2000 vote recount in Florida. Read More

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Amazon-Whole Foods deal fallout

Amazon-Whole Foods deal fallout

Its $230 billion market value dwarfs listed US grocers, including Target, Kroger and Sprouts Farmers Market, as well as private Albertsons. Those of us in the industry have known for a while that Whole Foods has been pressured to sell by its activist investor Jana Partners and mutual-fund manager Neuberger Berman, and rumors of potential deals with everyone from Kroger to Albertsons have been bandied about. Read More

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Bank of England keeps rates at record low as economy slows

Bank of England keeps rates at record low as economy slows

The Fed expects that inflation will not hit the current target, of two percent, and it has revealed plans for unwinding the post-asset purchasing balance sheet, which now totals nearly $4.5 trillion. This was at odds with the Bank's predictions for growth of 0.4% between January and March, although the latest surveys from the main sectors suggest a slight pick-up in the second quarter. Read More

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US consumer prices slipped 0.1 per cent in May

June 14 The dollar index on Wednesday fell to its lowest since November 9 against a basket of major currencies that measure its strength after the release of weaker-than-expected U.S. The US dollar fell against a basket of currencies on the data, while prices for US Treasuries rose. According to the CSO data, manufacturing sector, which constitutes 77.63 per cent to the IIP, grew at 2.6 per cent in April compared to 5.5 per cent in same month previous year. Read More

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GE CEO Jeff Immelt to step down after 15 years

GE CEO Jeff Immelt to step down after 15 years

In addition, Chief Financial Officer Jeff Bornstein was named vice chair and Kieran Murphy was named president and CEO of GE Healthcare to succeed Flannery. Flannery, 55, joined the company in 1987, evaluating risk for leveraged buyouts. General Electric's long-time chief executive and chairman Jeff Immelt is retiring. Read More

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Owner says Three Mile Island plant to shut down in 2019

Owner says Three Mile Island plant to shut down in 2019

So-called nuclear bailouts have won approval in IL and NY but the potential for higher utility bills in Pennsylvania is drawing pushback from energy companies, manufacturers and consumer advocates. Built during a golden age for nuclear power, Three Mile Island's Unit 1 went online in 1974 and Unit 2 in 1978, coughing steam into the air above its sliver of land in the Susquehanna River, about 10 miles from Harrisburg. Read More

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Totti confirms his last Roma match on Sunday

Totti confirms his last Roma match on Sunday

The Giallorossi's new director of sport Monchi revealed earlier this month that Totti will retire at the end of the season, but the 40-year-old striker never confirmed it himself, until now. The Roma manager just happens to be on his way out at the Olimpico, and is heavily linked to Inter Milan. Totti is also second all-time in goals scored in Serie A with 250, 24 short of the record that Silvio Piola established from 1929-54. Read More

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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)

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

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

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

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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