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Business

Nordstrom's new idea: A neighborhood store that doesn't stock clothes

The idea is that shoppers will collaborate with dedicated personal stylists who are able to rotate merchandise in and out (including from other Nordstrom stores in the area). But neither has opened a store this small, Saunders said. A story by the Associated Press describes Amazon's opening of physical bookstores, many of which don't stock books, as a way to connecting with those customers who still shop at retail outlets.

Business

Should Investors Take a Bite out of Microsoft Corporation (MSFT)?

BINGO NATION INCORPORATED (OTCMKTS:BLTO) had a decrease of 6.67% in short interest. Teachers Advisors LLC now owns 16,381,888 shares of the software giant's stock valued at $1,017,971,000 after buying an additional 1,183,740 shares during the last quarter.

Business

Automobile segment witnesses 13.5 per cent growth in August

While it appreciated the return of differential taxation on hybrids, it also requested that the Council reduce taxes on 10-13 seater vehicles too.The Council had increased the GST compensation cess on mid-sized, large and SUV segment models by two per cent, five per cent and seven per cent respectively.

Business

Strong winds forecast for areas including North Devon

The severe winds will become northwesterly and possibly transfer to parts of the east coast later this evening or early tonight. 'It could cause disruption to Wednesday morning rush hour and there could be some heavy rain associated with it as well'.

Business

'Near-total breakdown' in China-North Korea relations, says report

The U.N. Security Council is set to vote on Monday afternoon on a watered-down US -drafted resolution to impose new sanctions on North Korea over its latest nuclear test , diplomats said, but it was unclear whether China and Russian Federation would support it.

Business

Trump, Malaysian PM Najib discuss trade deals, Boeing jets

The news was disclosed through the official page of the White House. Industry sources told the news agency that the announcement of the deal, worth more than US$1.8 billion (RM7.6 billion) at list prices, would be made following a meeting between Donald Trump and Najib, who is visiting the White House at the invitation of the USA president.

Business

Audi R8 V10 RWS revealed

The V10 engine is capable of delivering peak torque of 540Nm at 6,500rpm, and can produce an impressive 540hp. The RWS has the same seven-speed dual clutch gearbox and 540 horsepower V10 as the R8 . As suspected, the R8 RWS is a special edition model that will be built in limited numbers. (50 kg), giving the coupe version of the new Audi Sport model a curb weight of 3,505 lbs.

Business

Census Bureau: Median Incomes Climbing for First Time Since 2007

The bureau reported the median income of non-Hispanic white households at $65,041, black households at $39,490, and Hispanic households at $47,675. Still, almost 41 million Americans remained in poverty in 2016. Half a century ago, the highest 5 percent of earners controlled just 17.2 percent of all income. And the bottom 20% of earners took in just 3.1% of the total earnings in 2016, the same 3.1% as in 2015.

Business

Mnuchin Says Tax Overhaul May Be Backdated to Start of the Year

It was clear on Tuesday that many important decisions have not been made. Democrats have also been deeply skeptical of the Trump administration's plans to repeal the estate tax, which it has said has been harmful to family farmers. In an interview with CNBC, Mnuchin also said the administration would "absolutely" consider making the tax cuts effective back to the start of this year if a measure didn't pass until 2018.

Business

United Kingdom says is 'vitally important' Boeing and Bombardier dispute is settled

According to The Times newspaper, Prime Minister Theresa May has asked US President Donald Trump to intervene. Prime Minister Theresa May has asked US President Donald Trump to persuade Boeing to end a dispute which threatens jobs at the United Kingdom plant of Canadian aircraft manufacturer Bombardier .

Business

Alexion Eliminating 20% of Workforce, Moving HQ to Boston

Pacer Advisors Inc. increased its holdings in shares of Alexion Pharmaceuticals by 7.4% during the 2nd quarter. Oak Ridge Investments LLC's holdings in Alexion Pharmaceuticals were worth $10,729,000 at the end of the most recent quarter. Alexion Pharmaceuticals Inc. had 71 analyst reports since July 27, 2015 according to SRatingsIntel. (ALXN) by 4.18% based on its latest 2016Q4 regulatory filing with the SEC.

Business

Millions without power as Irma batters southeast US

Hurricane Irma , which has toppled cranes , swallowed streets and left millions without power, weakened to a Category 1 storm yesterday but remained unsafe as it continued its furious climb up Florida's south-west coast. A vehicle is seen in a flooded street in Miami , Florida. "We're asking folks to be patient and remain sheltered in place", said St. Augustine Fire Chief Carlos Aviles.

Business

United Kingdom refers Fox bid for Sky to competition regulator

It would further delay the transaction, a setback for Mr. Murdoch, who founded the satellite broadcaster in the early 1990s and has long coveted total ownership of Sky . They say Murdoch does not meet the requirement that United Kingdom media owners be "fit and proper" people. She said one area raised by critics of the deal was "what they termed the "Foxification" of Fox-owned news outlets internationally".

Business

Teva Pharmaceutical Industries Limited (NYSE:TEVA) Surges 7.19% in Pre-session

Ameriprise Financial Inc. now owns 1,288,571 shares of the company's stock worth $41,349,000 after purchasing an additional 756,441 shares during the period. (NASDAQ:ULBI). Manufacturers Life Ins The reported 0% of its portfolio in Ultralife Corp. Hightower Advisors Llc holds 0% or 33,845 shares. North Carolina-based Wedge Capital Mngmt L Ltd Partnership Nc has invested 0.01% in Landstar System, Inc.

Business

Insolvent Air Berlin warns on future as 200 pilots call in sick

Last month, Etihad Airways, which owns nearly 30% of Air Berlin, said the developments were "extremely disappointing", but it could not keep injecting cash after investing an additional €250m in April. The union Verdi, which represents cabin staff, said then its members were concerned that merger talks, which have since failed, could lead to job and pay cuts.

Business

Mercedes-Benz Shows Off Fuel Cell Car

After being previewed by a prototype, here we have what may be the best of both worlds in terms of electric power - the series pre-production version of the GLC F-Cell mixes hydrogen with plug-in battery power. Built into the GLC's floor, they can be fully refueled in only three minutes - about the same time as a conventional gasoline - or diesel-powered auto.

Business

Americans asked not to shoot at Hurricane Irma

Another Facebook Event was created for this objective, where almost 60,000 people said that they are attending the public event titled "Everybody Points Their Fans At The Hurricane To Blow It Away". Nonetheless, the Sheriff's Office of Pasco County has found itself in the mind-boggling position of having to warn residents against just that. "It has become something a little out of my control", the Independent quoted him as saying.

Business

A partly sunny day ahead, then watch for Irma's leftover rain

Overview: Rain showers, cool temperatures and gusty winds around 30 to 35 miles per hour will continue Tuesday through Thursday . Chance of precipitation is 30%. Chance of precipitation is 80%. Showers or longer spells of rain throughout the day, some of these heavy and perhaps thundery. Partly sunny, with a high near 72.

Business

British inflation jumps, pushing pound to one-year dollar high

The consumer price index in August was up 2.9% year-on-year to its highest level since 2011, jumping from the 2.6% in the previous two months and ahead of the 2.8% the market consensus and the 2.7% the BoE was expecting. He added: "August's CPI inflation rate exceeds the MPC's 2.7 per cent expectation and increases the risk that the it intensifies its rhetoric regarding future interest rate rises".

Business

Oil prices decline on Hurricane Irma

Brent crude oil futures were down 13 cents, or 0.2 per cent, at $53.65 a barrel while U.S. West Texas Intermediate crude rose by 59 cents, or over 1 per cent, to $48.07. Irma, however, was not expected to affect supply as it was headed away from US oil production in the Gulf. According to the EIA's latest oil inventory report, roughly 462 million barrels of oil are available.

Business

Tata Steel has offloaded its £15bn pension liability

This frees Tata Steel UK and its affiliate companies from 15 billion pounds of pension liabilities and increases the prospects for Tata's merger with ThyssenKrupp. Tata Steel noted that the net financial impact of the RAA, including the payment of the agreed 550 million pounds settlement amount, will be reflected in the Q2 FY18 financials for the company.

Business

Assets of 7 MPs, 98 MLAs saw ''substantial increase'', CBDT tells SC

It also said that the names of these politicians can not be revealed and would be given to the court in a sealed cover for its perusal. In an affidavit filed in the apex court, CBDT has said that election affidavits filed by these politicians as per the list given by the NGO, Lok Prahari, have been examined and discrepancies have been found in the cases of seven Lok Sabha MPs and 98 MLAs .

Business

LVIA looking south for word on when to resume Florida flights

The airline has instituted a waiver on fees for travelers altering or canceling flights to affected destinations. A majority of airlines have chose to waive change fees associated with cancellations for Hurricane Irma . The Atlanta-based airline has cancelled 350 flights between Friday and Monday. Fort Lauderdale-Hollywood worldwide airport announced in a tweet Monday it will remain closed until Tuesday.

Business

Hydro One sending crews to Florida to help restore power after Irma

Gulf Power has a strong history of restoring power - both at home and away assisting other utilities. "I've been on other storms down in the states and they are pretty happy to see you especially when they find out your from Canada", Dean Edwards, one of the Hydro One employees heading to Florida, told CTV Toronto.

Business

NSE Nifty climbs above 10000 to end at one-month high

Shares of IndusInd Bank and Bharat Financial Inclusion Ltd (BFIL) surged up to 5.5 per cent yesterday as the two companies entered into an exclusivity agreement to evaluate merger. Because of the buying pick-up, the 30-share BSE index opened higher and hit the day's high of 31,952.87, but settled at 31,882.16, up 194.64 points - 0.61 per cent.

Business

Modi, Abe to lay high-speed rail line's foundation this week

The two Prime Ministers will visit Sabarmati Ashram, established by Mahatma Gandhi on the banks of the Sabarmati River. The project, involving an investment of around Rs1,10,000 crore, is expected to help reduce travel time between the two commercial cities to three hours from 7 hours at present.

Business

What Leonard Fournette said after his huge National Football League debut

Neither quarterback looked particularly good Sunday, and the Texans' offensive line was so horrific against the Jaguars that it's nearly a question of whom head coach Bill O'Brien likes less at this point. Fiedorowicz and Ryan Griffin to concussions. "If you don't live in Houston and you don't know Houston , you need to come down here, because this is how people are", she said.

Business

Deadline for bullet train advanced by a year: Piyush Goyal

New railway minister Piyush Goyal . Japan Railways has appointed Sanjeev Sinha as Advisor for project of Ahmadabad-Mumbai High Speed Rail. The ambitious Mumbai-Ahmedabad High Speed Rail Project will cost around Rs 1 crore. He further said that it was the goodwill of the PM that was instrumental in India getting such cheap loan from Japan for the bullet train. Apart from this project, various MoUs related to investments and tie-ups would also be signed in the presence of these leaders, ...

Business

QTS Realty Trust, Inc. Class A (NYSE:QTS) Experiences Light Trading Volume

Moreover, Tfs Capital Llc has 0.47% invested in the company for 158,872 shares. Neville Rodie & Shaw Inc who had been investing in Flowserve Corp for a number of months, seems to be bullish on the $5.28 billion market cap company. (NYSE:FR) have shifted north recently, touching a new 52-week high. Investors sentiment increased to 1.93 in 2016 Q4. Its down 0.06, from 0.86 in 2016Q3.

Business

California bans weed delivery by drone

As proposed, the state would ban the transportation of marijuana by aircraft, watercraft, rail, drone, human powered vehicles and unmanned vehicles. So while startups in the cannabis industry can continue or soon start their business operations, they will not be able to explore the advent of the relatively nascent drone industry, which seems to have benefits for commercial distribution operations.

Business

Flight cancellations mount as Irma pushes north from Florida

The Category 4 storm made landfall in the Florida Keys early Sunday, still far from the capital city in the state's panhandle. Friday alone, 12 flights of both domestic and global origin were canceled due to poor weather conditions. The announcement came after JetBlue posted on Twitter that it was reducing the cost of flights out of Florida to $99. By Sunday morning, weather monitoring equipment at airports across South Florida, including Miami, were offline, underscoring the damage ...

Business

JD Wetherspoon plc 14.5% Potential Upside Indicated by Barclays Capital

W.P. Carey Inc. REIT (NYSE:WPC) has risen 2.82% since September 11, 2016 and is uptrending. It has underperformed by 4.22% the S&P500. Investors sentiment decreased to 0.67 in 2016 Q4. On Thursday, October 20 the stock rating was upgraded by Warburg Research to "Buy". On Thursday, July 21 the stock rating was maintained by Peel Hunt with "Buy".

Business

Crude Oil Prices Recover Ground, Irma Damage Less Than Feared

Crude oil prices rose on Tuesday and Wednesday, with WTI climbing 1.03% by 4:15pm EST to $49.16, and Brent prices increasing by 1.59% to $54.23. About 6 percent of USA refining capacity remains shut after nearly a quarter of the nation's capacity was halted following Hurricane Harvey more than two weeks ago.

Business

JJ who? Steelers rookie TJ Watt outshines big brother in Week 1

Days after the violence in Charlottesville, Virginia, where neo-Nazis clashed with opposition groups, more than a dozen Browns players knelt in a circle on Cleveland's sideline. Every week, we pick one GIF to sum it up. He showed good composure just being able to come back from that. Fine, I'll just tell you. "And he has that".

Business

Tesla Superchargers are coming to a big city near you

That's Tesla's term for power sources located at hotels, stores, restaurants, and other places. Tesla said it is beginning this expansion into city centers with stations in Chicago and Boston. So on Monday, Tesla announced the rollout of new, urban Superchargers in Boston and Chicago; Beantown will get eight stalls, and the Windy City will get ten.


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