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Business

Former Anbang chief gets 18 years in prison for fraud

The Chinese government on February 23 seized control of the insurance conglomerate. The funds were transferred to companies that Wu personally controlled for investment overseas, to pay down debts, or "personally squandered", the court had said.

Business

Co-founder Sachin Bansal quits Flipkart following Wallmart takeover

And, in 2018, Flipkart joined Walmart , when Walmart Inc announced on 9 May it had signed definitive agreements to become the largest shareholder in Flipkart Group. Online sellers on Flipkart are already wary of the operative changes this will certainly bring in its train, especially given its history of killing small businesses to push for its own private labels.

Business

Bank of England keeps interest rate on hold as economy slows

It's not the first time that Carney has flagged up a rate hike only to pull back, which has prompted some to tag him an "unreliable boyfriend". Bank of England Governor Mark Carney said the bank's earlier guidance on tighter policy had been conditioned on February inflation projections but the economy had not fulfilled those conditions.

Business

Tesla Model S crash killed two Florida teens

A Tesla statement published in Florida media reports said the auto maker is cooperating with investigators and it did not appear that the Autopilot feature was engaged at the time of the crash. He says he tried to help but the fire was too intense to get the teenagers out of the auto. Safety investigators in the United States are investigating a crash in which the battery of a Tesla electric auto caught fire, burning two teenagers to death.

Business

A Gay Marriage Opponent Just Ousted A GOP Incumbent in North Carolina

Seventy-four-year-old Joe Jones says he is voting for Pittenger because he thought the congressman would more consistently support President Donald Trump than Harris would. Unaffiliated voters - who can choose to vote in either the Democratic or GOP primaries - and Republicans are voting slightly less than their registration proportions.

Business

Japan's Recruit Holdings buys Mill Valley's Glassdoor for $1.2 billion

Summary: The job site Glassdoor has been purchased by a Japanese firm for $1.2 billion. "Joining with Recruit allows Glassdoor to accelerate its innovation and growth to help job seekers find a job and company they love while also helping employers hire quality candidates".

Business

RBS reaches $4.9 billion deal to settle US mortgage bond investigation

Of the $4.9bn, $3.46bn will be covered by existing provisions, with an incremental charge of $1.44bn in the second quarter of 2018, a statement from RBS said. Royal Bank of Scotland (RBS.L) has agreed to pay a smaller-than-expected $4.9 billion to resolve a US investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to United Kingdom taxpayers who bankrolled its post-crisis survival.

Business

Lalu Granted 3 Days Parole To attend Son Tej Pratap's Marriage

Convicted in four animal husbandry scam cases, he is now lodged in Birsa Munda Central jail in Ranchi since December 23, 2017. He had initially applied for a five-day parole. On Wednesday, media reports had claimed that Lalu Yadav's application had been approved. Speaking on it, RMIS superintendent RK Shrivastava said, "Lalu Yadav's health bulletin clearly reflect that he is completely fine....he is stable and healthy".

Business

Traders Purchase iShares MSCI Hong Kong Index Fund (EWH) on Weakness

Of course, this will result is many false signals in flat or choppy markets. The recent price of 49.23 for shares of Emrg Mkts Edge Multifactor Ishares MSCI ETF (EMGF) has put the price level below the Balance Step, indicating a near-term bearish pattern developing.

Business

Former Reggae Boy Moore named Premier League Manager of the Month

Substitute Manolo Gabbiadini's 72nd-minute victor secured Southampton a 1-0 victory at the Liberty Stadium, pushing Swansea closer to the Championship while boosting the Saint's own survival hopes. The 44-year-old is unbeaten in five game and has amassed 11 points from fixtures including Manchester United , Liverpool and Tottenham, earning him the manager of the month award for April.

Business

Trump seen facing rebellion from biggest Iran oil customers

Brent crude, the global benchmark, was up 2.85% at $76.98 a barrel on London's Intercontinental Exchange. U.S. West Texas Intermediate (WTI) crude futures were up 1.43 dollars per barrel, or 2.1 per cent, at 70.49 dollars a barrel, near highs also last seen in late 2014.

Business

DJI Welcomes New Drone Integration Pilot Programs

The FAA in a tweet congratulated "10 state, local and tribal governments who will conduct flight tests as part of the #DronePilot program to advance safe #drone integration in our nation's airspace". Limited drone applications are now legal in the country, but questions have surfaced around the role of city and state governments. Current rules prohibit nighttime drone flights or operations over people without a waiver from the FAA.

Business

21st Century Fox (NASDAQ:FOX) Receives Daily News Impact Rating of 0.17

The stock ended last trade at 37.45 a share and the price is up more than 9.76% so far this year. Seabridge Investment Advisors Llc increased Harley (NYSE:HOG) stake by 30,323 shares to 137,793 valued at $7.01M in 2017Q4. The stock has "Hold" rating by Topeka Capital Markets on Tuesday , February 9. The stock has "Hold" rating by Topeka Capital Markets on Thursday, August 6.

Business

FCA shortens shifts in Ontario after fire at supplier in MI

Meanwhile, production of the Ford Super Duty trucks has stopped, but no layoffs have occurred, she confirmed. Despite the shutdowns, Ford said it has 84-days supply of F-Series on dealer lots, which exceeds the 60-days that is considered an ideal level of inventory.

Business

Sears partners with Amazon to sell tires

Following the news, shares of Sears saw their biggest percent increase since March 2017, jumping more than 17% during the trading session. This includes choosing which Sears store to have the tires sent to. Sears said the service will roll out to its vehicle service centers nationwide over the next couple weeks. Sears also already sells its Kenmore home appliances on Amazon.

Business

Atlanta Community Food Bank wants all to Stamp Out Hunger

Residents are urged to place non-perishable food items next to their mailboxes for pickup on May 12before their usual mail pickup time. Last year, letter carriers collected over 75 million pounds of food (the third-highest total in the event's history) along their postal routes throughout the country helping to meet the needs of 50 million Americans who are food insecure in the United States.

Business

Delta Air Line passengers evacuated on tarmac

Passengers said oxygen masks on the plane never dropped from the overhead compartments. A Delta Air Traces flight from Detroit to Denver was evacuated after passengers reported smoke within the cabin. "We all jumped down the slide and got out of there as fast as we could". There were some minor injuries with passengers and crew, either from the smoke or from sliding from the plane.

Business

Gold Mixed On Iran Risk

Analysts said the greenback advanced on Tuesday to its highest level of 2018 against a basket of currencies on safe-haven buying. The dollar was 0.45 per cent up at 109.605 yen after racing to 109.640, its highest since May 3. The euro has already lost 2% of its value in May as investors betting on a falling dollar were caught out and rushed to cover their positions, further pushing the greenback higher.

Business

Fox Buying 7 Sinclair Spinoffs For $910M

The move comes as Sinclair is selling some stations to meet regulatory approval for its pending $3.9 billion acquisition of Tribune Media . The other television stations to be sold to Fox include KCPQ in Seattle, Washington; KDVR in Denver, Colorado; KSWB in San Diego, California; KTXL in Sacramento, California; WSFL in Miami, Florida and WJW in Cleveland, Ohio.

Business

Audi halts diesel A6 and A7 deliveries due to software 'irregularities'

Audi announced the release of a new motor software upgrade on Wednesday in response to revelations of previously-unknown emissions-cheating devices identified in diesel vehicles of the luxury auto maker's A6 and A7 series. As Germany's automotive watchdog continues to scrutinize Volkswagen's diesel portfolio, Audi said in February that it is recalling top-of-the line Audi A8 sedans with 4.2-liter V8 diesel motors.

Business

BMW recalls more than 300000 cars over stalling risk

The German vehicle giant has known about unsafe electrical faults in some of its cars since 2011 but did not recall any models in Britain until the death of a former Gurkha. On the show, they rejected allegations that they had provided the wrong information or ignored the DVSA. BMW proceeded to recall 500,000 cars in the U.S.

Business

Stagnant Revenues Continue to Hamper the Growth of Pfizer Inc

That was up from $3.12 billion, or 51 cents per share, a year earlier, when there were more shares being publicly traded. Safe Bulkers, Inc. (NYSE:SB) has risen 69.31% since May 2, 2017 and is uptrending. Rodgers Brothers Inc stated it has 0.35% in Marathon Petroleum Corporation (NYSE:MPC). Vanguard Group Inc. now owns 418,639,111 shares of the biopharmaceutical company's stock worth $14,062,088,000 after purchasing an additional 9,239,499 shares during the period.

Business

The Strategy to Trade The Coca-Cola Company (KO)

It has underperformed by 11.55% the S&P500. 53,464 shares or 8.98% less from 58,740 shares in 2017Q3 were reported. If the $57.58 price target is reached, the company will be worth $374.13 million less. It provides a portfolio of approximately 154 brands directly, as well as through retail outlets and restaurants to clients in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, and Argentina.

Business

Vijay Mallya loses UK lawsuit over $1.55 billion in Indian claims

The judge also concluded that the businessman had been in "clear breach" of a Karnataka court's order when he disposed of assets like a historic sword of Tipu Sultan acquired at an auction in 2003. Led by SBI, which loaned Rs 9000 crore to Mallya-owned UB group, the consortium includes Bank of Baroda, Corporation Bank, The Federal Bank Limited, IDBI Bank Limited, Indian Overseas Bank, Jammu & Kashmir Bank Limited, Punjab & Sind Bank, Punjab National Bank , State Bank of Mysore, UCO Bank, ...

Business

QTS Realty Trust's (NYSE:QTS) "Hold" Rating Reiterated at Guggenheim

Honeywell International Inc. (NYSE:HON) has risen 15.94% since May 8, 2017 and is uptrending. On Tuesday, March 6 Jefferies maintained First Industrial Realty Trust, Inc. It is derived from the P/E - Price Earnings Ratio, in which the profit is replaced by cash flow . Voya Investment Ltd Liability Com owns 72,904 shares or 0% of their U.S.

Business

Election Commission seizes thousands of voter ID cards in Bengaluru

This triggered a blame game between BJP and Congress on Tuesday. In press conferences and tweets that went on past midnight, the BJP alleged that the apartment was linked to a lawmaker of the state's ruling Congress. BJP workers raid the apartment belonging to BJP leaders. The Congress leader said in their memorandum to the EC, the party expressed apprehensions that the BJP could in the coming days carry out similar raids in several other constituencies to influence voters.

Business

Oil prices jump after United States walks away from Iran nuclear deal

While President Donald Trump has threatened he'll pull out of a deal between Iran and world powers as a May 12 deadline nears, he's signalled he'll be open to negotiation. The Russell 2000 index of smaller-company stocks picked up 7.44 points, or 0.5 percent, to 1,586.39. The exact impact of renewed sanctions is hard to determine.

Business

Saudi concerned about tight spare oil capacity - Mr Falih

The government said it also supports the reinstatement of economic sanctions on the Iranian regime, which were suspended under the agreement. The Saudi Press Agency reported citing a spokesperson of the ministry that against the backdrop of the USA move, Saudi Arabia would continue to work for the benefit of both oil producers and consumers.

Business

Viral video shows soldier's emotional reaction to FaceTiming his wife during childbirth

A video featuring a US soldier's emotional response to seeing his wife give birth to their daughter on FaceTime while stranded at an airport has gone viral. "When we heard the baby cry, we all rejoiced for him". "When we heard the baby cry, then just that whole section that was heading to MS just started cheering", Dover said.

Business

Bristol-Myers Squibb (BMY) Upgraded to Market Perform at BMO Capital Markets

About 1.14 million shares traded. 19 are the (NYSE: BMY)'s ratings reports on 1 May 2018 according to StockzIntelligence Inc. It has outperformed by 2.03% the S&P500. Ameritas Invest owns 625 shares or 0% of their U.S. portfolio. (NYSE:CLD) [ Trend Analysis ] swings enthusiastically in regular trading session, it increase of 2.36% to close at $3.04.

Business

Vodafone close to Euro 19 bln takeover deal with Liberty Global

With operation, Vodafone, which is strong in those regions in mobile telephony, acquires above all a large park of clients of fixed broadband and cable television now in hands of American Liberty. Following its completion, Liberty Global will remain present in the UK, Ireland, Belgium, Switzerland, Poland and Slovakia. "Germany, for example, is dominated by one provider that controls over half the broadband market".

Business

Amazon invests Rs 2600-crore more in India

The Flipkart investment could be Walmart's biggest deal in nearly two decades and strike a blow against rival Amazon .com Inc. There were also reports of Flipkartians (proud employees calling themselves) becoming crorepati employees on social media.

Business

Derwent London Plc (LON:DLN) Weekly Ratings on May 8, 2018

After having $0.10 EPS previously, Wright Medical Group N.V.'s analysts see -160.00% EPS growth. Oarsman Cap Inc invested 0.56% of its portfolio in Arrow Global Group PLC (LON:ARW). CYBG has an average rating of "Hold" and a consensus price target of GBX 309.17 ($4.34). The stock has "Add" rating by Numis Securities on Wednesday, January 10.

Business

Carrie Underwood releases emotional 'Cry Pretty' music video

The emotional video shows the 35-year-old country superstar crying in the shower and while looking at her image in the mirror, but putting on a fearless face as she performs for her fans. The new album - her first for Capitol Records Nashville - will be released on September 14, marking the first time she has co-produced her own album.

Business

Job openings in the United States just hit a record

Nearly a quarter say it's the biggest problem for their businesses. The Labor Department, which has been tracking job openings since 2000, said in its monthly Job Openings and Labor Turnover Summary that total job openings increased by 7.8 percent, or by 472,000 openings, in March compared to the previous month.


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