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Business

Retail inflation rises to 5.21 pc; dashes rate cut hopes

Data released by the central statistics office today showed that inflation for the month of December has already exceeded the Reserve Bank of India's (RBI) medium term target. Rising inflation amid firm global crude oil prices is a major worry for Prime Minister Narendra Modi ahead of Union Budget 2018, due on 1 February, as he hopes to win a second term in 2019.

Business

China orders probe into Marriott for listing Tibet as country

Delta Air Lines was this week reprimanded by the Civil Aviation Administration of China for similar descriptions on its website. Tibet has been wholly integrated into China since 1950. The Chinese government frequently erupts with outrage at any perceived contradiction to its territorial claims, claiming such statements upset all of China's 1.4 billion citizens.

Business

Infosys reports in-line quarter, revenue up 5.8% YoY in constant currency

In last one year, shares of Infosys and TCS have risen 8 per cent and 18 per cent, respectively, to Rs 1,078 and Rs 2,772 on January 12, 2018 from Rs 1,000 and Rs 2,343 on January 12 last year. In the past, Infosys's performance was crimped as it failed to develop leaders who could take over from the founders who led the company until 2014.

Business

MI made great again with $1 BILLION Chrysler Investment

The new plant will add an additional 2,500 new jobs to the state economy, while Mexican workers will still continue to produce other Fiat Chrysler models at its Mexico factory, according to The Sun Herald. FCA credited the recently-passed tax reform legislation for these decisions. FCA's initial investment in Warren for the Wagoneers was announced in January 2017 .

Business

North Carolina offered $1.5 billion in incentives to Toyota-Mazda

Several states had competed for the coveted project, which will be able to turn out 300,000 vehicles per year and will produce the Toyota Corolla compact auto for North America and a new small SUV from Mazda. Production is expected to begin by 2021. Most of Toyota's US plants are in the South, and all are non-union. "By making such cars here in Alabama, we hope that over time our plant will come to occupy a special place in the hearts of our employees and the local community".

Business

Hartlepool hospital patients face disruption as operations 'cancelled for next two weeks'

Remember, A&E should be for Accidents and Emergencies only - with common winter ailments there is no benefit in attending A&E unless you're advised to do so by a healthcare professional. The trust says operations and appointments at Scarborough are being reviewed on an individual basis and only those operations that can be safely deferred to a later date will be rearranged.

Business

China may run a trade deficit by 2023, top economist suggests

Trade between China and Russian Federation was up 20.8 percent a year ago, rising to $84 billion, according to figures released Friday by the Chinese customs authority. USA data show that the deficit in goods trade with China was already $347 billion in 2016. His administration has slapped anti-dumping tariffs on a range of Chinese imports, such as aluminum and steel, and toughened its stance on Chinese investment in the U.S .

Business

Uber's Ripley Program and Protocol

Ensign said security tools such as ULocker is similar to those used by other companies and gives Uber a way to block access to data when an employee loses a device. When we asked Uber for comment, a spokesperson replied with the company's official statement: "Like every company with offices around the world, we have security procedures in place to protect corporate and customer data".

Business

Takata airbag issue sees recall of over 6,00000 Toyota vehicles

The July 2017 fatality in a crash in West Virginia brings the total to at least 21 deaths related to the airbags worldwide, with most taking place in the U.S. Takata air bags have now been linked to 21 deaths around the world. The recall involves approximately 2,902 vehicles located in North America, with 2,712 located in the United States and 190 in Canada.

Business

ISRO eyes a century! All set for PSLV-C40/Cartosat-2 launch today

This is ISRO's first Polar Satellite Launch Vehicle (PSLV) mission after the unsuccessful launch of the navigation satellite IRNSS-1H previous year. India, too, is sending one micro and nano satellite. The launch is estimated to take 7 minutes and 15 seconds, and the telecast will be both in Hindi and English.

Business

Why Traders Are Chasing Domino's Pizza, Inc. (DPZ), Air Lease Corporation (AL)

Brands, Inc. (NYSE:YUM). Louisiana State Employees Retirement System invested in 21,500 shares or 0.07% of the stock. (NYSE:ATEN) to report $-0.02 EPS on February, 8.They anticipate $0.01 EPS change or 33.33% from last quarter's $-0.03 EPS.

Business

2 area Sam's Club stores among nationwide closures

Media outlets in states including NY and North Carolina report Sams Club closings there, too. A number of customers and employee's tell News Channel 8 the Sam's Club located at 5153 S. This announcement comes after Macy's, Sears, Kmart and other major retailers have already announced 1,000 store closings for 2018. Others are demanding refunds and Sam's Club is asking them to use Twitter's private message feature to get more information.

Business

Apple says all Macs, iPhones, iPads exposed to chip flaw

If you haven't already, you'll want to take action to protect your devices. Security researchers have uncovered security issues in chips known as "Meltdown" and "Spectre" . Both the main flaw ( Spectre ), and the Intel-only flaw ( Meltdown ) have been created by a design technique meant to enhance the chips' performance known as "speculative execution".

Business

Dropbox IPO: What does it mean to be a 'secret' IPO?

Dropbox was valued at a hefty $ 10 billion when it last raised money, in 2014. Dropbox is reportedly aiming to list in the first half of this year. Dropbox is a file hosting service operated by American company Dropbox, Inc . Dropbox's fast growth was accompanied by free spending and efforts to diversify into other businesses, like a stand-alone photo app, that proved unsuccessful.

Business

Tesco's Christmas tarnished by poor sales of gifts like DVDs and games

The group, which reset its strategy in November two months after Archie Norman joined as chairman, said clothing and homeware like-for-like sales fell 2.8 per cent in the 13 weeks to December 30th, its fiscal third quarter. The declines reported were still not as steep as some feared after profit warnings from the likes of Debenhams, Moss Bros and Mothercare. Despite the sales disappointment M&S said it would maintain its financial guidance for the full 2017-18 year.

Business

Circuit City to Launch Comeback on February 15

Under new ownership, Circuit City has been making plans to open smaller stores in the wake of filing for bankruptcy in 2008. Schmoel announced the business strategy at a press briefing at the Consumer Electronics Show in Las Vegas. While many brick-and-mortar retail shops continue to close their doors due to declining sales, one former electronics giant that went out of business nearly a decade ago is staging a comeback.

Business

Moneygram soars after announcing Ripple partnership

Shares of Moneygram, the second-largest money transfer company in the world, spiked 13% Thursday after the company said it had signed a partnership with Ripple to test using the company's XRP cryptocurrency to improve transfer settlement times and costs.

Business

Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

Walmart is boosting its starting salary for USA workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits. He added that "tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S". Walmart employs 2.3 million people worldwide, according to the company.

Business

Woman returns 'dead' Christmas tree to Costco for a refund

To the disbelief of fellow shoppers, the store granted her request and sent her home with her money. " I can't make this stuff up ", Bentley's post began. Costco is famously known for their generous return policy - where people have got refunds for items like an empty wine bottle, old fish and a used chicken coop and photo prints, according to a Reddit post .

Business

Ford is latest to be sued over Diesel Truck Emissions

From power ratings to price, Ford is being very aggressive with the diesel-powered F-150 pickup due out later this year. Assembled at Ford's Dagenham Engine Plant, UK, the first-ever diesel powertrain for the top-selling F-150 delivers 250 horsepower (253PS) and 440lb/ft (596Nm) of torque in US-specification - more than any other diesel-powered pickup in its segment.

Business

Ice cream bars sold at Giant Eagle, Aldi recalled

There is zero tolerance for Listeria monocytogenes bacteria in ready to eat products because this pathogenic bacteria can cause serious illness and death. Remember a couple of years back when there was a rash of ice cream recalls in 2015 and 2016 because of possible Listeria contamination? Fieldbrook Foods says that their orange cream and chocolate coated vanilla ice cream bars that were made in its Dunkirk, New York plant may be contaminated.

Business

Paycheck Politics: Democrats Worry the IRS Will Game the New Tax Tables

In addition to dealing with the new tax law, the IRS must balance other priorities, including the president's May 2017 executive order mandating all federal agencies to meet certain cybersecurity requirements. "But with more funding, strong leadership and a closer working relationship with Congress, I am convinced the IRS can do the job well", Olson said. Even before the new tax law was passed, the agency expected to be able to answer about 60 percent of public calls during tax season and 40 ...

Business

City dumping investments in fossil fuels, suing 5 big oil companies

Representatives from Exxon, Chevron, BP and Conoco did not respond to requests for comment. Mayor de Blasio and City Controller Scott Stringer plan to announce at a press conference Wednesday that the city's pension funds will aim to divest from $5 billion in investments of more than 190 fossil fuel companies within five years.

Business

Applied Materials, Inc. (AMAT) Holdings Trimmed by Polianta Ltd

About 2.92M shares traded. (NASDAQ: AMAT ). Twin Tree Mngmt Lp owns 0.03% invested in Applied Materials, Inc. It has underperformed by 27.06% the S&P500. Interest owns 0.09% invested in Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, October 5. The firm has "Outperform" rating by Cowen & Co given on Friday, May 20.

Business

Analyst Earnings Estimates Scan: Marathon Petroleum Corporation (MPC)

The firm's market capitalization is $14.75 billion. The Stock shows P/E value of 0 and Forward P/E of 0. It also increased its holding in Hrg Group Inc (NYSE:HRG) by 1.75M shares in the quarter, for a total of 2.80 million shares, and has risen its stake in Mplx Lp (Put).

Business

How Many Healthcare Realty Trust Incorporated (NYSE:HR)'s Analysts Are Bearish?

The company has a market capitalization of $8,950.00, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 3.47 and a beta of 0.34. (NYSE:ABR) or 80,600 shares. Heitman Real Estate Securities Llc increased its stake in Brandywine Realty Trust (BDN) by 26.96% based on its latest 2017Q3 regulatory filing with the SEC.

Business

Target Holding On To Strong Gain In Afternoon Trading

The stock has "Hold" rating by Stifel Nicolaus on Thursday, November 16. The brokerage presently has an "outperform" rating on the retailer's stock. Telsey Advisory Group maintained the stock with "Outperform" rating in Thursday, November 17 report.

Business

Iran slams United States lawmakers' support for anti-regime protests

The US damage inflicted on Iran by US will gain a response, said the Leader during a meeting with a group of people from the city of Qom. Following the unrest, people held several demonstrations across the country to condemn the violent riots and acts of vandalism, and voice support for the Islamic Republic's Establishment.

Business

Pregnant? Pee on this Ikea ad for a discount

The technology was created by an actual medical facility, Medical Tech Lab Mercene Labs , and Åkestam Holst says technical advancements made from Mercene "have the potential to improve medical diagnostics". Ikea's latest magazine ad in Sweden has a freaky twist: it has a built-in pregnancy test. Guess we'll have to wait until women are presenting torn out pee-soaked ads to IKEA cashiers before we can confirm it's legit.

Business

Ghosn to set up fund for mobility ventures

The fund offers access to potential partners, global scale and scope of Renault-Nissan-Mitsubishi, which has sold more than 10 million vehicles past year through 10 separate brands, across the world. Technologies discovered by each partner will be shared through the alliance. It is a step toward fulfilling the group's Alliance 2022 strategy to improve cooperation and cost sharing between the three companies, and boost sales.

Business

United States oil output to surpass record earlier than expected

If the prediction is accurate, the USA would become the top oil producer in the world and beat both Saudi Arabia and Russian Federation for the first time since 1975. Last week, the API reported a large draw of 4.992 million barrels of crude oil , along with an increase in gasoline inventories of 1.87 million barrels.

Business

5p Plastic Bag Charge To Be Extended To Small Shops

Consumers in England could find themselves paying 5p for plastic bags in nearly all shops under new Government plans. Shops with fewer than 250 employees are now exempt from the charge, which since being introduced in England in October 2015 has cut plastic use.

Business

Discovery announces it's moving its national headquarters to Knoxville

Discovery Communications will relocate its headquarters from Silver Springs , Maryland to New York City in 2019. David Zaslav , Discovery's president and CEO, said the company "must evolve" with a media industry that is "increasingly global, more consumer-focused and more multi-platform".

Business

Early Keita move unlikely as Liverpool search for Coutinho replacement

The second most expensive transfer in football history, that of Philippe Coutinho from Liverpool to Barcelona , nearly had a twist in the tale. Riyad Mahrez is supposedly one of the potential Coutinho replacements on Liverpool's radar.

Business

UIDAI Introduces Virtual ID System to Improve Aadhaar Privacy

The new measures, which will be introduced by March 1, will provide up to two layers of firewalls between the Aadhaar-holder and authentication agencies from getting access to an Aadhaar number. All agencies will migrate to the new system by June 1, the report said. Aadhaar number holder can use Virtual ID in place of Aadhaar number whenever authentication or KYC services are performed.


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