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Retail inflation eases in Mar; industrial output rises to 7.1% in Feb

Going forward, experts believe inflation is likely to inch up in the coming months. Nigerian inflation rate stood at 13.34 percent in March, the National Bureau of Statistics said Thursday, representing a 14th consecutive monthly decline year-on-year.

Business

Uber will now help you rent a stranger's vehicle

Khosrowshahi said the Uber app would start including locations for electric bikes from its newly acquired bike-sharing group Jump, which now operates in Washington and San Francisco. Officials will be provided with a dashboard of aggregated, anonymous data that tracks taxis as well as hailed rides, all to try and work out how to plan for lower congestion at the curbside .

Business

India asks Hong Kong to arrest Nirav Modi, awaiting response

It asked the ED to file its response to the pleas moved by Choksi's Gitanjali Gems and Modi's Firestar International, the parent company of Firestar Diamonds which had earlier moved high court against the ED proceedings. As part of the money laundering probe into the scam, the ED has identified 26 companies located in Singapore, Hong Kong, China, Russia, France, U.S., South Africa, Belgium and Armenia among other places.

Business

Zuckerberg Apologises To US Congress Over Facebook Data Breach

Mark said , "I believe deeply in what we are doing and I know that when we address these challenges, we'll look back and view helping people connect and giving more people a voice as a positive force in the world". But despite Mr Zuckerberg's apologies for the scandals and his description of combating Russian hackers as an "arms race" , it does not appear to have affected the company's worth.

Business

Twice as many Britons acquired another European Union citizenship in Brexit vote year

Stephen Hurley, Senior Lawyer and Head of Brexit Planning at BT Group, said: "The current United Kingdom regulatory framework, which is grounded in EU law and ensures an important role for the EU Commission, has worked well for the most part and has been successful in delivering substantial investment and effective competition in the United Kingdom across a wide variety of markets".

Business

Packers player arrested at LAX for bomb joke

Davis was reportedly taken into custody by the police and charged with misdemeanor criminal threats. TMZ reported that Davis made the joke after being asked security questions by a ticket counter agent and was released on bond. Davis was the team's primary kick and punt returner last season after being drafted by Green Bay in the fifth round of the 2016 National Football League draft.

Business

ExxonMobil (XOM) is Exxonmobil Investment Management Inc. TX's 8th Largest Position

About 10.35M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 12, 2017 and is uptrending. XOM underperformed by 20.84% the S&P 500. Since December 11, 2017, it had 0 insider purchases, and 4 insider sales for $3.42 million activity. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company's stock worth $309,285,000 after acquiring an additional 3,764,256 shares in the last quarter.

Business

Candy fans hoarding Necco Wafers now that confectionery company could close

According to sales data released by CandyStore.com, a bulk online candy seller, Necco's overall sales leaped by more than 50 percent in the days following the announcement, while wafer sales in particular soared by 63 percent. "They're going to last for a while, and just in case something happens, we have it". The Wall Street Journal said the candy has been described as "tropical drywall", "plaster surprise" and "attic citrus." Sweets lovers in the Northeast are evidently going into ...

Business

Consumer finance regulator mulls record fine for Wells Fargo

This is the longest stretch without enforcement actions in the CFPB's history. Mulvaney, a former Republican congressman, has said that the agency overstepped its reach in the past and that he aims to help fulfill Trump's promise to cut regulations for industry.

Business

Fed minutes on future key policy rate trend

Kaplan said he expects the USA economy to grow by 2.5-2.75 percent this year, unemployment to go lower and inflation to gradually pick up towards the 2 percent target. Since the March meeting, Fed officials have largely adopted a wait-and-see attitude to trade policy, noting it is not yet clear if the tariffs will go into effect and their eventual size if implemented.

Business

Trump warns Russian Federation to 'get ready' for USA strike on Syria

President Trump put Syria and Russian Federation on notice Wednesday morning, promising that missiles fired at Syria " will be coming , nice and new and 'smart!'" - while also telling the Kremlin that it should not partner with a "Gas Killing Animal who kills his people and enjoys it!" Meanwhile, Democratic Sen.

Business

Referee decision correct, don't know why they are protesting says Ronaldo

With AP Photos. Marcelo has aimed a dig at Barcelona over their Champions League exit after Real Madrid squeezed past Juventus on Wednesday evening. To say the next thirty minutes were tense would be an understatement, but there was to be even more late drama at the Estadio Santiago Bernabeu . He celebrated by taking off his shirt and running toward the euphoric Madrid crowd.

Business

Family Missing On Spring Trip To San Jose

They were expected to arrive at a family member's home in San Jose on Friday. Their last known location was the Klamath-Redwood National and State Parks area, roughly 80 kms north of Eureka. The Santa Clarita Valley Sheriff's Station tweeted Tuesday that they were also on the lookout for the missing family and would be providing updates.

Business

Find Important Details of: Bank of America Corporation (NYSE:BAC)

Andra Ap-Fonden who had been investing in Cf Inds Hldgs Inc for a number of months, seems to be bullish on the $8.74B market cap company. Regardless of which metric you utilize, a firm understanding of the concept of volatility and how it is measured is essential to successful investing.

Business

Alibaba Group Holding Limited, (NYSE: BABA)

BABA outperformed by 56.74% the S&P 500. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.88. The hedge fund run by Robert Karr held 793,637 shares of the business services company at the end of 2017Q4, valued at $136.85M, down from 973,637 at the end of the previous reported quarter.

Business

Rupert Murdoch's Fox Networks Group London Offices Raided by European Commission

An unidentified spokesperson for Fox Networks Group, a subsidiary of the corporation that distributes cable channels around the world, said the company was cooperating with the investigators. The raids did not happen at 21st Century Fox's Soho Square-based headquarters, despite earlier reports. The raid of 21 Century Fox's London offices come amid the firm's takeover plans of the 61% of Sky that it now doesn't own.

Business

William Blair Set Outperform Rating for Netflix, Inc. (NFLX)

Stocks with low PE can be considered good bargains as their growth potential is still unknown to the market. The Dow Jones Industrial Average rose 428.90 points, or 1.79 percent, to 24,408.00, the S&P 500 gained 43.71 points, or 1.67 percent, to 2,656.87 and the Nasdaq Composite added 143.96 points, or 2.07 percent, to 7,094.30.

Business

Uber inks deals with nine firms to offer drivers more benefits

Now, Uber is announcing a pair of moves that expand its reach to two more forms of transport. Khosrowshahi was in Washington, D.C.to discuss the company's commitment to expanding ride services in congested cities. Also today, Uber announced a partnership with London-based Masabi , a mobile ticketing company that Uber said will help customers book and use public transit tickets directly within the Uber app.

Business

Korean economy to grow 3 percent this year: ADB

The Manila-based bank also warned that emerging technologies such as robotics, artificial intelligence and three-dimensional printing can fuel productivity but threaten jobs. Robust foreign direct investment flows attracted by liberalised regulations and the government steps to improve the ease of doing business will further bolster growth, Sawada said.

Business

Russian Federation invites Israel envoy to talk about Syria

Zakharova also said a missile strike could destroy evidence of chemical weapons - or perhaps cover up a lack of such evidence. The Kremlin, in response to President Trump's tweet warning to Moscow to "get ready" for US missiles in Syria , rejected such "Twitter diplomacy", preferring instead what it called a serious approach at a fragile time in the Mideast crisis.

Business

Reflections on the Current State of Facebook, Inc. (FB)

Facebook (NASDAQ: FB ) has revealed a visible change in the trend volumes of the stock market recently. The stock underperformed the S&P500 by 3.07%. Performance Review: Over the last 5.0 days, Facebook, Inc . The stock rating was maintained by Citigroup with "Buy" on Thursday, November 2. The company now has an average rating of "Buy" and an average price target of $210.16.

Business

Facebook: Mark Zuckerberg and USA senators inspire endless memes

Zuckerberg plans to be contrite in his appearances before lawmakers. "Basically, most Internet users are tracked from the moment they wake up till they go to sleep". Sen. Numerous "friends" appear to be Russian accounts. Facebook and other social media companies were chastised by the British Parliament in a 2017 report for "failing to remove illegal content when asked to do so - including unsafe terrorist recruitment material, promotion of sexual abuse of children and incitement to racial ...

Business

Zacks Investment Research Downgrades BP (BP) to Hold

The RSI oscillates between zero and 100. Analysts await BP p.l.c. (LON:BP) to report earnings on May, 1. A price target is the projected price level of a financial security stated by an investment analyst. The company reported revenue of $0 in the same period previous year. A longer-term moving average may be used to identify the primary price trend, a shorter moving average period to identify the secondary, price trend, and an even shorter moving average period to identify the minor price ...

Business

British Gas to hike gas and electricity prices by 5.5 per cent

Those in the West Midlands and southern Scotland face the biggest increase. The rise will hit 4.1 million of the firm's 7.8 million customers, who will pay £60 extra a year from the end of May. The 5.5 per cent rise for 4.1million homes follows a 12.5 per cent electricity price rise last September. "Costs are still under the peak that triggered the first round price rises previous year".

Business

Tesco profits rebound 30% as turnaround continues

The Price Index is a ratio that indicates the return of a share price over a past period. At Unilever plc (LON:ULVR), where he was president of the personal care division before joining Tesco , Lewis earned himself the nickname of "Drastic Dave" for cutting hundreds of jobs and products to simplify the business.

Business

IRS scam awareness during tax season

This is considered tax authority, although it does not have the same weight or effect as a law or regulation. "Consumers must be suspicious of any communication from the IRS - through email, text or social media - that requests personal information, and should keep a watchful eye out for missing W-2s and mail containing sensitive financial information".

Business

Airbus and Zodiac Aerospace partner on lower-deck sleeping facilities

The sleeping modules can even be reconfigured during the turnaround. Airbus says it is studying "offerability of sleeper compartments" on the A350. Mock-ups shows some of the possible module configurations. Designs for a children's area. Due to safety regulations, the berths will only be available for some parts of a flight.

Business

Walmart Partners With Postmates To Expand Online Grocery Delivery Program

The stock has performed 0.20% and it registered share value at $86.45 in recent trade transaction. About 9.73 million shares traded. In looking the SMA 200 we see that the stock has seen a -2.19%.The Company's net profit margin for the 12 months at 2.00%.

Business

Tata Group not likely to bid for debt-laden Air India

Tata Sons, the holding company for the conglomerate Tata Group , declined to comment. The same source mentioned that the airline had too much debt and that the conditions provide no clarity on what a buyer could do to make the airline profitable again.

Business

Alliancebernstein LP Purchases 79502 Shares of Akorn, Inc. (AKRX)

Analysts are expecting average earnings estimates of $0.13 for the current quarter based on the opinion of 5 analysts, relating to high earnings per share estimates of $0.16 and low estimates of $0.09, however Akorn Inc (NASDAQ: AKRX ) reported $0.44 earnings per share for the same quarter a year ago.

Business

Sensex slips after four sessions of gains; financials top losers

Brokers said a firm trend in other Asian markets after Chinese President Xi Jinping eased worries over a simmering USA trade conflict by promising new measures to open his country's massive economy "wider and wider" boosted investor sentiment here.

Business

Trump says China will take down trade barriers, deal on IP - Tweet

Amid rising concern about a possible trade war between the United States and China , Donald Trump said on Sunday Beijing will ease trade barriers "because it is the right thing to do", thereby allowing the economic superpowers to settle the disputes that have rattled financial markets, consumers and businesses.

Business

Manu Bhaker, Punam Yadav win gold at CWG 2018

Pardeep lifted 152 kg in snatch and 200 kg in clean and jerk to register a total of 352 kg clinching silver. However, veteran Madhurika Patkar allowed Singapore to get back into the contest as she was blanked 3-0 (13-11, 11-2, 11-6) by Yu Mengyu.

Business

Colombia says ex-FARC leader held in drug probe

But Chief Prosecutor Nestor Martinez said a NY grand jury handed down an indictment after evaluating evidence, including videos and communications, that indicated Santrich and three other co-conspirators who were also arrested hatched a plan in the second half of 2017 to smuggle into the US cocaine with a street value of $320 million.

Business

Kroger to hire thousands to remain a player in the grocery battle

The stock increased 2.21% or $4.85 during the last trading session, reaching $224.02. About 107,111 shares traded or 40.73% up from the average. Prudential Financial Inc increased Kroger Co (KR) stake by 133.03% reported in 2017Q4 SEC filing.


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