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Business

RBI bars banks from issuing LoUs in Nirav scam fallout

The RBI has taken other fraud-control measures like bringing out a framework for dealing with loan frauds above Rs 50 crore, creating an online Central Fraud Registry, issuing caution advice detailing names of fraudsters and their modus operandi and ordering banks to re-verify the title deeds for all credit exposures above Rs 5 crore.

Business

United Airlines Apologizes After Dog Dies in Overhead Compartment

The dog was in a small pet carrier created to fit under an airline seat. " There was no sound as we landed and opened his kennel ", passenger June Lara writes in a Facebook post . "Her daughter was also crying", she said. "Pets should never be placed in the overhead bin", the statement added. The flight attendant, Gremminger said, seemed shaken by the incident as well.

Business

Lazard Asset Management LLC Purchases 6353 Shares of Time Warner Inc (TWX)

About 245,290 shares traded or 2.69% up from the average. Henry Schein, Inc. (NASDAQ:HSIC) has risen 4.05% since March 13, 2017 and is uptrending. It has outperformed by 41.94% the S&P500. 263,242 are held by Thematic Prns Limited Co. Sei Invests holds 0.16% or 428,103 shares in its portfolio. The stock of Time Warner Inc. The business had revenue of $8.61 billion during the quarter, compared to analysts' expectations of $8.41 billion.

Business

AAP, Cong bury hatchet to stop sealings

The traders are deeply agitated because of conducting sealing in utter violation of statutory provisions of The Municipal Corporation of Delhi Act, 1957. "An all-party delegation will approach the (Supreme Court-appointed) monitoring committee to discuss the master plan and its interpretations among other related issues.

Business

Volkswagen Announces Invasion of Electric Vehicles by 2022

To ensure adequate battery capacity for this massive expansion, the company has already agreed to partnerships with battery manufacturers for Europe and China and has awarded contracts for a total volume of around Euro 20 billion. It doesn't mean that VW is going all-electric though. This ambitious electric strategy stands in sharp contrast to Volkswagen's 2015 emissions scandal, wherein the company's diesel vehicles were found to have "defeat devices" installed to cheat emissions tests.

Business

Amazon recalls power banks due to fire and burn hazards

The report says the recall is being done in partnership with the US Consumer Product Safety Commission , although a recall notice hasn't been posted to their website yet. A power bank is an external, portable battery that can be used to charge a USB-based device while away from an outlet. In this case, Gizmodo reports the power banks were made by Guoguang Electric Company Ltd.in China.

Business

ICON builds a 3D house in under 24 hours

A Texas-based company is using 3D printing technology to find a solution to the growing problem of affordable housing around the world. The partners plan to build a community of affordable 100 3D-printed homes in El Salvador next year. "There are a few other companies that have printed homes and structures". The charity works with local workers, and they say that traditional building methods provide around four jobs for each house.

Business

Last-gasp Batshuayi goal gives Dortmund win over Frankfurt

The visitors were expecting a share of the points after Danny Blum's injury-time equalizer, but there was still time for Batshuayi - who was dropped from the starting lineup - to score his second goal of the game. Dortmund suffered a shock home loss to RB Salzburg in the Europa League on Thursday but bounced back in stunning fashion to extend Peter Stoger's unbeaten league run to 11 league matches.

Business

European Union pressing United Kingdom to speed up Brexit negotiations

Britain has so far failed to bring forward "specific and realistic" alternative proposals to keep the Irish border open without activating the EU's "backstop" option, he said. A draft joint position from the remaining 27 European Union members, seen by Reuters ahead of its official publication later today, said the bloc was determined to foster a close partnership with Britain.

Business

Taiwan hiring outlook highest in Asia-Pacific region in Q2

According to ManpowerGroup , it's the highest national number since 2011. Yet most economists say the job market remains challenging for applicants lacking technology and other specialized skills necessary to land advanced manufacturing jobs.

Business

Dicks Sporting Goods Inc Stock Hit Hard by Revenue Miss, Comparable Sales

Group One Trading Lp acquired 72,963 shares as Dicks Sporting Goods Inc ( DKS)'s stock declined 18.06%. Finally, Bank of America decreased their target price on Dicks Sporting Goods from $35.00 to $30.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 15th.

Business

After early year slump, crude oil returns to profit

U.S. West Texas Intermediate (WTI ) crude futures fell 27 cents to $61.77 a barrel. The contract on Friday jumped over 3% to settle at $62.04 a barrel on the New York Mercantile Exchange, turning what would've been a weekly loss into a climb of roughly 1.3% from the week-ago settlement.

Business

United Kingdom economic growth forecasts revised up in Spring Statement

In today's Spring Statement , Chancellor Philip Hammond said that forecasts are "there to be beaten". Hammond's statement was received with cheers on the Conservative benches, with MPs increasingly concerned about the pressures on their local public services, including the NHS.

Business

India's Tata Sons selling $1.25 billion worth of TCS shares: term sheet

Almost 2.06 crore shares were offloaded at a price of Rs 2,876.46 apiece. Shares of Tata Consultancy fell as much as 5.9 percent in Tuesday trading. The stake sell shall take place through the stock exchanges between March 13 and March 15. Post the share sale, Tata Sons' holding in the IT company would be around 72 per cent.

Business

Land Securities Group (LON:LAND) Given Underweight Rating at Barclays

About 1.05M shares traded or 250.20% up from the average. Investors sentiment decreased to 0.79 in Q3 2017. It has outperformed by 15.16% the S&P500. Shares of Air Partner ( LON AIR ) traded down GBX 0.25 ($0.00) during trading on Friday, reaching GBX 148.25 ($2.05). GKN plc (LON:GKN) has 0.00% since March 13, 2017 and is.

Business

United Kingdom growth to be slowest in G20 this year, says OECD

However, it warned that the recovery risked being undermined by an escalation in trade barriers that would hurt growth and jobs. In its latest snapshot on global performance the Organisation for Economic Cooperation and Development (OECD) raised its growth forecast for both 2018 and 2019 to 3.9% - the highest since 2011 - from a previous estimate of 3.6%.

Business

Oil prices retreat as data point to continued gains in U.S. output

The resulting fallout could drag down crude prices after a rally of more than 40 percent since June, he said. "Employment is the key driver of oil demand, as more people at work means more commutes and, in effect, rising road fuel use", said Norbert Ruecker, head of commodity research at Julius Baer Ltd.in Zurich.

Business

Eric Branderiz Sells 401 Shares of Tesla Inc (NASDAQ:TSLA) Stock

Tesla Inc has a 12-month low of $242.78 and a 12-month high of $389.61. Tesla Inc ( TSLA ) traded down $1.93 during midday trading on Friday, hitting $327.17. More notable recent Tesla, Inc . The rating was maintained by Jefferies on Thursday, January 4 with "Sell". The stock has "Buy" rating by Piper Jaffray on Wednesday, September 27.

Business

Trump Blocks Broadcom's Bid for Qualcomm

A building on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $117 billion, in San Diego, California, US. For instance, the United States committee cleared Beijing-based Naura Microelectronics Equipment Co in January to buy USA semiconductor manufacturing equipment maker Akrion Systems LLC.

Business

Serena Williams gears up to launch her own beauty line

In the past, Indian Wells - which is tennis' biggest tournament outside the majors - has had special significance for the sisters following an incident in 2001, when Venus and dad Richard were booed by spectators as they went to their seats for the Indian Wells final.

Business

Tim Berners-Lee: Maybe Regulation Can Fix the Internet

In his post , he said a "legal or regulatory framework" may be needed to improve accountability, manage social objectives and ease the tensions associated with the modern web. We must invest in securing reliable access for women and girls, and empowering them through digital skills training. But it'll take more than inventive business models to get them online and up to speed: We'll have to support policies that bring the internet to them over community networks and/or public access.

Business

Howland Capital Management LLC Has $20.96 Million Holdings in Celgene Co. (CELG)

Bb Biotech Ag who had been investing in Celgene Corp for a number of months, seems to be less bullish one the $69.62B market cap company. Grimes invested in 1,614 shares or 0.02% of the stock. Cantor Fitzgerald maintained Celgene Corporation (NASDAQ:CELG) on Thursday, July 6 with "Buy" rating. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year.

Business

Tesla (TSLA) Shares Gain Amid Production Delays, Higher Supercharger Prices

Hutchin Hill Capital Ltd Partnership has invested 0.32% in Bunge Limited (NYSE:BG). Twelve equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company's stock.

Business

Australia denies security deal behind U.S. tariff exemption

The president made his comments after crunch talks in Brussels between European Union negotiators and US Trade Representative Robert Lighthizer aimed at defusing the row and avoiding an all-out trade war . You're not going to get a good deal - today, tomorrow or ever - if you won't. "It's crap", Trump said, earning cheers from the crowd. The BBC, unable to resist a pitch that demonises President Trump, swallows the European Union narrative whole and encourages the British Prime Minister ...

Business

Air Canada computer issues cause congestion at some airports

Officials say they have implemented temporary measures to "maintain a limited operation" while the airline's IT department works to identify the issue and restore service. Those at the Regina Airport who are either leaving or flying out on an Air Canada flight may want to check on the status of their flight. The airline has not immediately replied to a request for comment from CBC News.

Business

Texas waitress' act of kindness results in a $16000 scholarship

Amid clanking plates, a sizzling grill and customers on the go, an elderly man timidly asked Williams to cut his ham. But on February 3, what she did for a sick elderly customer was captured in a photo that went viral. and was raised to try and help, and try and give", Williams told a local television station. Known as "Mr. Karaoke" by the restaurant staff for belting tunes at the local senior center, Charpentier said numerous waitresses kindly cut his food for him.

Business

India Inc expects further improvement as IIP grows at 7.5%,

The RBI in its monetary policy review last month had estimated retail inflation at 5.1% for January-March 2018. Shoppers ride escalators inside a store at a mall in Mumbai, India , July 10, 2017. While the manufacturing sector grew 8.7% in January, compared with 2.5% in the same month a year ago, capital goods grew 14.6% and consumer non-durables 10.5% in the month under review.

Business

Dropbox aims to raise as much as $648 million United States in IPO

Dropbox also agreed to sell $100 million in stock to Salesforce .com's venture capital arm in a private placement concurrent with the IPO, the filing shows. Each Class B share represents 10 votes. This is actually not the first time the two company's have worked together, previously the Dropbox for Salesforce app was added to the Salesforce AppExchange.

Business

Goldman CEO Blankfein says report of stepping-down not from him

He had been co-head of the bank's trading division before being promoted to chief financial officer in 2013, while Solomon, 56, had been a co-head of investment banking at Goldman since 2006 until becoming co-COO. Lately, there's been a great deal of speculation about who might take Blankfein's place. The Wall Street Journal had reported yesterday that Blankfein is gearing up to stand down from the helm "as soon as the end of the year " after more than 12 years steering the firm.

Business

PDP removes Drabu from cabinet for Kashmir 'apolitical issue' remark

Chief Minister Mehbooba Mufti on Monday chose to drop senior PDP leader and Finance Minister Haseeb Drabu from her council of ministers over his controversial remarks on Jammu and Kashmir . He also asked Chief Minister Mehbooba Mufti: "What message are you trying to convey when the situation is so tense in the Valley?" "We seriously need to look at in terms of how it is a society that is in search for itself", Drabu was quoted as saying by the Indian Express newspaper.

Business

Federer's Indian Wells opener suspended due to rain

Djokovic's performance in the final set against the world's 109th-ranked player on centre court raised some eyebrows, with four-times grand slam champion Jim Courier saying the Serb had "capitulated". Federer, who already has two titles in 2018 after victories in Australia and Rotterdam, took the first set 6-3 against Argentina's Federico Delbonis in just under 40 minutes.

Business

Sensex, Nifty jump almost 2% higher amid global rally

Shares in the other Asian markets rose, taking positive cues from Wall Street where shares ended nearly 2 per cent higher on Friday. Hindalco, HPCL, Hero MotoCorp , Yes Bank , Tata Motors , NTPC, Vedanta, ITC and International Olympic Committee jumped 3-5 percent.

Business

Intel has considered Broadcom bid if Qualcomm deal goes through

The report , which cited multiple anonymous sources, said that Intel has considered making its own bid for the combined company, and was working with advisers. "We have made important acquisitions over the past 30 months - including Mobileye and Altera - and our focus is on integrating those acquisitions and making them successful for our customers and shareholders", Intel said in a statement to Reuters.

Business

Kawhi Leonard could return as early as Tuesday

His lengthy bouts with injury have kept him sidelined for all but nine games this season and while the Spurs held on early, they've tumbled all the way to seventh in the West, just one game ahead of the tenth place Utah Jazz. Leonard's potential return couldn't come at a better time for the Spurs . How quickly Kawhi would be able to get back to playing 30 minutes a game and not have to take any games off besides the only back-to-back set the Spurs have left on their schedule (April 3 ...

Business

Melrose Raises Offer for GKN to $11.2 Billion to Sway Investors

Under a previous offer , GKN shareholders would have received 1.49 new Melrose shares. On Friday, GKN struck a £4.4bn deal to merge its automotive business with the United States firm Dana in an attempt to fend off Melrose . Under the new terms of the proposed deal, Melrose , a London-based company which invests in firms with a view to improving their financial performance, will pay GKN investors 81 pence in cash for every GKN share they hold, plus1.69 new Melrose shares.


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