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Business

Airbus Profits Fall on Taxes, Pricing, Supplier Issues

Earnings also have been hurt by pricing on its A330 plane, which has weakened as Airbus moved to sell the last models of an existing version before the updated A330neo is introduced next year. However, it abandoned a previous target of regaining access to European export credit financing this quarter, which means it may have to step in with more financing to airlines.

Business

Comcast Corporation (CMCSA) is Upgraded by Macquarie to Outperform

During the same quarter in the previous year, the business earned $0.84 earnings per share. Investors that wish to listen to the company's conference call can do so using this link . Numeric Investors LLC raised its position in Comcast Corp .by 47.0% in the second quarter. Valley National Advisers Inc. now owns 2,363 shares of the cable giant's stock worth $154,000 after buying an additional 65 shares during the last quarter.

Business

Pandora disappoints with third quarter loss

The firm reported a net loss of $61.5 million and revenue of $351.9 million, a 13 percent year-on-year increase. In other Pandora Media news, insider Christopher Douglas Martin sold 6,667 shares of the company's stock in a transaction on Friday, August 26th.

Business

Trump campaign manager: We are vetting people for Trump's cabinet

She thinks the one wild card the Republicans have to play would be the large projected Obamacare premium hikes for next year. "Hillary Clinton is no where near President Obama's 52%, 53%, 55% margins in these states". "You know on January 20th, the first thing a president does is to take an oath to preserve, protect and defend the Constitution and I have serious doubts about whether Donald Trump even understands what that means".

Business

RUNWAY DECISION: Gatwick to 'stand ready' when time comes

The expansion will provide economic benefits to passengers and the wider economy worth up to £61 billion. The runway is due to bring 77,000 additional local jobs over the next 14 years. Mark Tanzer, chief executive of travel association Abta, said there is a clear case for increasing capacity at both Heathrow and Gatwick. "With Brexit showing that the future of our economy is unclear, it is vital that investment into national transport infrastructure benefits the regions of the United ...

Business

IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises

For net restructured assets, they came out to be Rs 6,702 crore as against Rs 7,303 crore. The bank's Gross NPAs are now 4.17 per cent of gross advances as compared to 1.38 per cent a year ago. A healthy performance of the retail segment, including on loans and deposit growth, should support net interest income (NII). Private sector lender IDFC Bank reported an exponential rise in its Q2 net profit to Rs 387.76 crore from Rs 59.63 crore.

Business

Graphic Packaging Holding Company's (GPK): Stock's Traders Alert

Following the recent increase in price, the stock's new closing price represents a -25.78% decrease in value from its one year high of $32.39. RBC Capital Markets initiated coverage on shares of Graphic Packaging Holding in a research note on Thursday, September 29th.

Business

Investors Spotlight: SunTrust Banks, Inc. (NYSE:STI)

Return on equity (ROE) was noted as 8.00% while return on investment (ROI) was 12.50%. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.15 billion. Credit Agricole S A boosted its position in shares of SunTrust Banks by 29.5% in the first quarter. Geode Capital Management LLC now owns 4,457,922 shares of the financial services provider's stock valued at $160,542,000 after buying an additional 132,399 shares in the last quarter.

Business

Melania Trump defends husband's words about women as 'boy talk'

Republican presidential candidate Donald Trump speaks during a Hindu political organization's anti-terror fundraiser, October 15, 2016, in Edison, NJ. "Even the story that came out in people magazine, the writer she said my husband took her to the room and start kissing her", she said. "In front of me", Trump added.

Business

Yeddyurappa and sons acquitted in Prerana Trust kickbacks case

The accused had been charged under Sections 420 and 120b of the IPC, and Sections 7, 11, 13 (1)(d), and 13 (2)(d) of the Prevention of Corruption Act. He said he was confident that BJP would come back to power in Karnataka under the leadership of Yeddyurappa. Later, the CBI had registered the case in May 2012, after activist S.R.

Business

$15 Billion Volkswagen Emission Scandal Settlement Approved By SF Judge

Aproved by a federal judge, it covers 475,000 VW models with 2-liter diesel engines dating to 2009 that don't meet USA emissions standards. VW has admitted to misleading regulators and still faces an ongoing criminal investigation. To handle the expected influx of owners, VW has hired 900 people. The company also faces lawsuits from at least 16 US states for additional claims.

Business

Venezuela braces for anti-government protests amid crisis

Pope Francis met privately with Venezuelan President Nicolas Maduro, urging a peaceful dialogue between the country's government and opposition to resolve the current political and economic crisis, the Vatican said. Venezuelan President Nicolas Maduro is greeted by Archbishop Georg Ganswein, prefect of the papal household, prior to an October 24 private meeting between Maduro and Pope Francis at the Vatican .

Business

Stock to Keep Your Eyes on - International Business Machines Corporation's (IBM)

Cantor Fitzgerald has a "Hold" rating and a $156.00 price objective on the stock. According to Zacks Investment Research, Barclays PLC has a Consensus Recommendation of 2.43. The business earned $19.23 billion during the quarter, compared to analysts' expectations of $19 billion. For the past 5 years, the company's revenue has grown -3.9%, while the company's earnings per share has grown 3.4%.

Business

Lee County sees strong turnout for first week of early voting

So apparently most people prefer the tradition of voting on Election Day (it's Tuesday, Nov. 8, this time, with St. Mary's 36 precincts open from 7 a.m.to 8 p.m.) to the relative convenience of early voting over an eight-day period. Photo IDs issued by Tennessee state government, including driver's licenses, or the federal government are acceptable even if they are expired. And Voting is underway in the 2016 presidential election in most of Central Florida.

Business

Spelthorne Borough Council welcomes backing of third runway at Heathrow

Conservative bosses were forced to announce the party would not fight the by-election triggered by Zac Goldsmith in protest over the third runway. Mayor of London Sadiq Khan has said that "this is the wrong decision for London and the whole of Britain".

Business

Former Christie aide expected to return to witness stand

Chris Christie approved of a traffic study on the George Washington Bridge, his former deputy chief of staff testified Friday in her criminal trial, but federal prosecutors say it was actually a cover story for a political payback scheme created to cause traffic jams.

Business

Munster coach Anthony Foley farewelled outside Thomond Park

His loss will be enormous but mostly, of course, to his wife Olive, sons Tony and Daniel, his father and mother and sisters. "As hard as it will be to play the next game, no matter the time, the opposition or the venue, we have an opportunity to play there this Saturday", Munster director of rugby Rassie Erasmus said on Wednesday.

Business

Man with sons in arms dies in leap from bridge; boys survive

The father , identified as John Spincken , jumped from an overpass along Interstate 187 in Wanaque, New Jersey, sometime after 7 p.m. EDT (2300 GMT) on Monday in what police have described as a suicide . When responding officers arrived, they spotted the man's auto parked on the bridge and began searching for them underneath the overpass. One of the boys suffered a collapsed lung while the other suffered a spinal cord injury, NJ Today reported.

Business

Coles sales growth ease in first quarter

Bunnings is dancing on the grave of its competitor Masters but there are potentially headaches brewing for its owner Wesfarmers as supermarket giant Coles shows signs of weakenss. Sales from the conglomerate's United Kingdom hardware business were in line with expectations at $554 million for the quarter, according to Wesfarmers, and Home Improvement chief executive John Gillam said the implementation of new pricing, marketing and operational strategies was achieving results.

Business

Hillary Clinton leading in North Carolina

Whatever the outcome, however, almost 8 in 10 say that once all the states have certified their vote counts, the losing candidate has an obligation to accept the results and concede to the victor. The poll comes almost a week after an Arizona State University poll showed Clinton up by 5 points in Arizona. But Kaine was asked about that during his Sunday appearance on NBC's " Meet the Press ".

Business

Paul Beatty wins Man Booker prize 2016 for 'The Sellout'

Dr Foreman said The Sellout's satire on race relations "plunged into the heart of contemporary U.S. society with a savage wit we haven't seen since Swift or Twain". Choking back tears he added: "I'm just trying to create space for myself and hopefully I can create space for others". But they haven't taken over.

Business

Apple's quarterly sales fall, but forecast calls for gains

The results don't fully reflect sales of the iPhone 7, since the smartphone made its debut only two weeks before the quarter's books were closed on September 24. iPads sold to the tune of 9.26 million units and $4.25bn revenues, flat from the year-ago quarter. Mr Cook also said the IT giant was closely watching developments in the TV industry, with Apple starting to focus on original content.

Business

USA oil rises after surprise inventory drop; stocks up

Oil prices are expected to average $43 per barrel in 2016, unchanged from the July report. Analysts at JBC noted that US crude oil stocks have been depleted by 26.5 million barrels in the past seven weeks which was unusual even when taking into account hurricanes that can disrupt oil production and supplies by tankers.

Business

Oculus Pulls Galaxy Note 7 VR Support Following Fire Controversy

The company then sent out replacement units with new battery packs, but those units were not safe either, and reports of explosions started popping up once again. Samsung said it was also making changes to improve quality assurance. Samsung announced that the discontinuation of the phone will cost the company $3 billion over the course of the next two fiscal quarters.

Business

Volkswagen diesel scandal: United States judge approves $14.7 billion deal

Owners who choose the buyback option will receive their cars' trade-in value as of last September, just before VW admitted to the emissions cheating, plus the compensation payments. More information will likely be coming up about this settlement and VW's restitution process, so stay tuned. While huge, the settlement was dwarfed by the $246 billion agreement between the tobacco industry and USA states in 1998 and the $38 billion BP has spent so far for the 2010 oil spill in the Gulf of ...

Business

Ofcom fines Vodafone £4.6m for 'serious and unacceptable' customer failings

Vodafone failed to act quickly enough to identify or address these problems, it said. Some 10,452 customers collectively lost 150,000 pounds over a 17-month period between the end of 2013 and April 2015, Ofcom said on Wednesday. The firm will be fined £3.7million for the first breach and £925,000 for its handling of complaints and must pay it to HM Treasury within 20 working days.

Business

Hyundai Motor 3Q net profit hits 7-year-low

Hyundai is attempting to stir up a bit of excitement over its next Azera, badged as the Grandeur in Korea, by dropping a batch of teaser sketches ahead of a full reveal, initially in its home market next month, and then the rest of the world.

Business

Samsung expects further $4.2 billion hit

The company vowed to focus on overhauling its internal process for product quality control to strengthen product safety and provide safe products. Samsung also announced a substantial reduction in its forecast results for the third quarter, after taking into account the amount it will have to return its customers (each phablet costs $882) for the more than two million handsets sold.

Business

Judge Approves Record $14.7 Billion Volkswagen Settlement

The scandal has pulled down VW's global business, damaged its reputation and led to the ouster of chief executive Martin Winterkorn. The majority of the eligible owners had registered for the settlement scheme, according to the court, with over 3,000 opting out.

Business

Iraqi army advances as burning sulfur sends hundreds to hospital

Coalition forces have advanced to within 5km of Mosul at the closest point, the interior minister of the Kurdish regional government has said. Iraqi, Kurdish and other local forces will handle the battle for Mosul, al-Abadi said. The offensive that started on Monday to capture Mosul is expected to become the biggest battle fought in Iraq since the US -led invasion in 2003. Instead, the terror group is beginning to rebrand itself from a "caliphate" to an insurgency, a top USA general fighting ...

Business

Lloyds sets aside another £1 billion for PPI claims

The company has a market cap of $47.64 billion. Lloyds Banking Group PLC presently has an average rating of "Hold" and an average price target of GBX 68.01 ($0.83). Lloyds Banking Group plc . has Analysts' Mean Recommendation of 2.25 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The Company Touched its 52-Week High on Oct 23, 2015 and 52-Week Low on Jul 6, 2016.

Business

Genworth shares falls after company agrees to Chinese buyout offer

As part of the deal, China Oceanwide has agreed to pump in more than $1B into Genworth to address maturing debt and the LTC business. The mean price target is calculated keeping in view the consensus of 5 analysts. On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance.

Business

The Trump Campaign Has 'Wound Down' Fundraising, Cutting Funding the GOP Needs

Another chief fundraiser who works closely with Mnuchin was adamant that high-dollar fundraising is continuing. The Post described the move as "highly unusual" and "a serious blow to the GOP's effort to finance its get-out-the-vote operation before Election Day".

Business

This 20-year-old is auctioning off her virginity

After she sells the virginity, Katherine plans to spend five more years at the brothel before leaving to study to law. Despite her fears, she said all of the ladies who work at Hof's brothel are supportive. Hof explained to Inside Edition , "She's had guys that she's liked that didn't have enough money and she's had guys that had enough but she didn't like them".

Business

AT&T draws eye of Clinton with media merger

While this merger will more than likely mean good things for how consumers access entertainment on their devices - especially ones owned by AT&T - not everyone was for the merger. Bewkes, Time Warner CEO, said: "This is a great day for Time Warner and its shareholders". There are two main issues, she said. The answer to what's in it for Time Warner is fairly obvious: Billions of dollars.


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