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Business

Barclays says core earnings fall 73 percent in 3rd quarter

Staley has committed to growing the investment banking business because he believes it offers "counter-cyclical" earnings potential compared with corporate and retail banking, a strategy supported by this quarter's strong trading results amid global economic uncertainty.

Business

Apple 'surprised' by overwhemling demand for the iPhone 7 Plus

Global handset shipments will rise 1.6 percent this year, down from 10 percent growth in 2015, IDC estimated last month. There's good and bad news for Apple as it released the company's fourth-quarter earnings report today. Apple sold 45.5 million iPhones in the September quarter, down from 48 million iPhones in the same quarter a year earlier. However, chief executive Tim Cook chose to focus on the success of Apple's services business - Apple Pay and the company's internet-based ...

Business

Qantas reveals 787 layout and brand tweak

The "top secret" seat has been designed by Thompson Aero, parents of the Qantas Business Suite fitted to the Boeing 787 and Airbus A330 fleet. Among the routes Qantas is considering for the spacier Dreamliner are Melbourne-Dallas, Brisbane-Dallas, Sydney-Paris and Melbourne-Rome.

Business

Health Secretary Burwell: Obamacare Premiums Will Increase, But So Will Subsidies

Oklahoma will have the second-highest increase in the nation for health care insurance premium costs for the benchmark plan on the Affordable Care Act exchange, also commonly known as Obamacare . People seeking coverage in IL also lost the Land of Lincoln Mutual Health Insurance Co. this year, when the co-op that had been established under the Affordable Care Act closed after steep losses.

Business

Volkswagen to Pay $14.7 Billion Over Emissions Scandal

Woebcken, President and CEO of Volkswagen Group of America, Inc., said in a statement released Tuesday. He called the deal "fair, reasonable and adequate". VW agreed to spend up to $10.03bn on the buybacks and owner compensation, and $4.7bn on programs to offset excess emissions and boost clean-vehicle projects.

Business

SNP ministers warn Theresa May against delays to Heathrow expansion

The high profile environmentalist insisted the fight to stop expansion was not over, and said the by-election would be a "chance to send a message to government". "We also think he's a really good constituency MP and so we have taken the decision to respect that experience and that contribution that he makes to his community and not stand against him".

Business

Returning Your Galaxy Note 7 May Be Trickier Than You Think

The Competition and Consumer Affairs Commission said it was advising all consumers with either an original Samsung Galaxy Note 7 or the replacement to power down and stop using the device immediately. Samsung also mentioned that it intends to enhance product safety for consumers by making major changes within the company, especially when it comes to quality assurance procedures.

Business

National Australia Bank profit slips 94 PC to $269 million

National Australia Bank has delivered a $6.48 billion full-year profit and kept its dividend steady, despite some predictions it would cut its payout to shareholders. "NAB moves into 2017 a reshaped business - stronger, simpler and focused on helping our customers in Australia and New Zealand". Mr Thorburn said NAB had revised its lending criteria for apartment mortgages, with the Reserve Bank warning this month of a possible glut of units in Brisbane and Melbourne.

Business

Lufthansa cancels 100s of flights at budget unit Eurowings

Eurowings said it regrets any inconvenience caused to passengers by the industrial action. The current strike was called after talks about new contracts collapsed between Eurowings, a regional carrier that Lufthansa is using as a basis to expand its budget offering, and cabin crew union UFO.

Business

Spokesman: 2 firefighters, 2 others hurt in OR gas blast

Portland fire officials said commuters should expect traffic delays within three blocks of either side of the explosion, which happened at Northwest 23rd Avenue and Glisan Street . People inside the building were evacuated before the blast occurred. City officials said a catastrophe was averted by speedy work from firefighters and police who cleared the area of people before the blast.

Business

Turner's opening act leads Pacers past Mavs, 130-121 in OT

Myles Turner wraps up his 30p, 16r, 4b performance w/ this jam. Myles Turner scored 30 points, tied his career high with 16 rebounds and made a 3-pointer with 1:18 left in overtime to start an 8-0 run that allowed the Indiana Pacers to close out a 130-121 victory Wednesday night over the Dallas Mavericks .

Business

Synchrony Financial Expected to Earn FY2016 Earnings of $2.68 Per Share (SYF)

Synchrony Financial (NYSE: SYF ) last released its quarterly earnings data on Friday, October 21st. The company reported Earnings of $0.73 in last Quarter's while the company declared Earnings of $2.63 in past year. US based company, Synchrony Financial's (SYF)'s latest closing price was 3.16% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 5.72% and 6.02% compared with the 20 Day Moving Average.

Business

Surprise In Supplies Leads To Increase In Oil Prices

Oilgram Price Report also brings a vast array of Platts global prices for crude and products, netback tables, and market critical data. Brent crude futures were down 51 cents, or 1 percent, at $50.28 a barrel as of 0648 GMT. The November contract fell 4.3 cents, or 1.6%, to $2.731 per million British thermal units. "The possibility for a lasting OPEC agreement is very low".

Business

Weybosset Research Management Lowers stake in Goodyear Tire & Rubber Co (GT)

Shares are now trading -15.53% away from the 52-week high price of 43.40 and +25.16% off the 52-week low of 29.29. Several hedge funds have recently bought and sold shares of the company. Brokerage firms on the average advocate the company shares as Overweight. (NASDAQ:GT) announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.10 dividend.

Business

Plains GP Holdings, L.P. (NYSE:PAGP) Analyst Estimates

Howard Weil started coverage on Plains GP Holdings in a research note on Thursday, August 25th. They do not contemplate or reflect on the certified policy or position of any business stakeholders, financial specialists, or economic analysts.

Business

Deutsche Bank reports profit despite 'tough' environment

Third-quarter net income was EUR278 million ($303.1 million), beating analysts' average expectations that it would make a net loss of around EUR610 million. The bank gave no update on the matter Thursday. Investors have been on tenterhooks for news on whether the lender can negotiate lower a Department of Justice fine for mis-selling mortgage-backed securities before the financial crisis ever since the bank said on September 15 the DoJ's starting position was $14 billion.

Business

Philippine's Duterte Tells Japan His China Visit Was Just Economics, Blasts US

In Beijing last Thursday, Duterte announced his intention to "separate" from the United States, and strengthen relations with China. The presence of USA troops in five Philippine military camps was established under a security deal signed under Duterte's predecessor as a counterbalance to China's growing military assertiveness in the region.

Business

Top Stocks of the day: American Electric Power Co., Inc. (NYSE:AEP)

Shareholders of record on Thursday, November 10th will be paid a dividend of 0.59 per share on Friday, December 9th. The stock of American Electric Power Company Inc (NYSE:AEP) has "Sector Perform" rating given on Thursday, October 13 by RBC Capital Markets.

Business

Crude oil inventory levels unexpectedly fall

Traders sometimes ignore the region when assessing the United States supply balance as its distribution system is isolated from the rest of the country. Following the data's release, WTI futures initially trimmed their losses, but later succumbed to pressure and fell down to $49.48 in early afternoon trade.

Business

Self-Driving Truck Delivers Beer

Otto's self-driving semi-trailer truck hauling Budweiser down I-25 in Colorado. "Otto's system controlled the acceleration, braking and steering of the truck, to carry the beer exit-to-exit without any human intervention", the blog post said .

Business

Western Digital Swings to Loss

This Computer and Technology Sector stock now has the Market Capitalization of 15.51 Billion. Cornerstone Advisors Inc. increased its stake in Western Digital Corp.by 5.7% in the second quarter. Update: On the call, management forecast revenue this quarter to be the same as last quarter, which would be above consensus for $4.58 billion. Western Digital Corp makes up approx 0.26% of E&g Advisors Lp's portfolio.Chevy Chase Trust Holdings reduced its stake in WDC by selling 13,081 shares or ...

Business

Ratan Tata asks companies to focus on market position

Tata Group has fired its chairman Cyrus Mistry. "This will be for a short time". In a statement, Ratan Tata, the interim chairman of Tata Sons, said the elevation of the two executives was "in recognition of their exemplary leadership'".

Business

United Kingdom govt clears Heathrow airport expansion

The plan, which has split Prime Minister Theresa May's Conservative government, was chosen over another proposal, which was to expand Gatwick, a smaller airport south of London, the Wall Street Journal reports. "NY is going to be the city of attractive skyscrapers, Paris the city of lights and London in the future, if we go ahead with this project, will be known as the city of planes".

Business

Children watch as keeper dragged by tiger

After a few terrifying moments, it finally lets go. King said Pages stood up unassisted and talked to the children before going to a hospital. King said they were originally told a child was attacked. He never growled", Donnert said, adding that he thinks Pages tripped before the incident, giving the animal the wrong impression. "The tiger was immediately secured by a co-handler into another enclosure, and she was taken to a local hospital for treatment".

Business

In email to Board, Cyrus Mistry blames Ratan Tata for 'constant interference'

In a surprising revelation, Mistry's letter says that he inherited Tata Group when it was already steeped in debt and saddled with losses. Tata Sons owns Tata Steel, Jaguar Land Rover, as well as Tetley Tea. Trustees came to a conclusion that probably no choices were left, no options were left other than to remove Cyrus Mistry. Sources said: "Through these appointments the old tradition of Tata Sons of having CEOs of group firms on its board has been restored", a source said.

Business

Government decides on new runway at Heathrow

The decision to expand the bustling hub for worldwide travelers was met with some support and some opposition. "You'd have NY, a city of handsome skyscrapers, Paris the city of light, London the city of planes", he told reporters. Engineering firms Arup and USA -headquartered CH2M, British construction company MACE and construction and project management firm Turner & Townsend are already working on the early stages of the project.

Business

Microsoft unveils the Surface Studio

In revealing its Surface Studio all-in-one today , Microsoft also showed off a new accessory called the Surface Dial. A new 3D Capture tool for smartphones was also announced, which will enable users to scan physical items and insert them into images.

Business

Analysts Advise About B/E Aerospace Inc. (NASDAQ:BEAV)

B/E Aerospace Inc .'s (BEAV), a part of Industrial Goods sector and belongs to Aerospace/Defense Products & Services industry; ended its day with a gain of 16.36% and finalized at the price of $58.89. Stockholders of record on Monday, November 21st will be issued a dividend of $0.21 per share. FineMark National Bank & Trust now owns 2,839 shares of the company's stock worth $131,000 after buying an additional 268 shares during the last quarter.

Business

Jesse Jackson joins oil pipeline protesters

Spokespeople for the state's attorney's office did not respond to an inquiry and a spokeswoman for the pipeline, operated by Texas-based Energy Transfer Partners, declined to comment. Security officials told the Morton County sheriff's office that "there were no intentions of using the dogs or handlers for security work", the office said in its investigation report.

Business

Police say they are poised to remove oil pipeline protesters

The disclosure is significant at the continuing pipeline protest, where members of the Standing Rock Sioux tribe and their supporters say law enforcement officers have become increasingly aggressive and militarized, using excessive force against peaceful, unarmed activists and targeting journalists for arrest.

Business

Axis Bank net profit slumps as bad loans rise

Thrissur-based Catholic Syrian Bank has recorded a net profit of ₹53 crore in the first half of 2016-17 against a loss of ₹41 crore in the corresponding period of the previous year. Third-biggest private sector lender Axis Bank reports second-quarter results later in the day. The bank had reported a net profit of Rs 59.63 crore in the corresponding quarter a year ago.

Business

Oil Prices Hold Above $50 Per Barrel Pre-Bell

However, official inventory data has surprised by showing drawdowns in six of the seven past weeks, including the largest fall in stocks since 1999 when analysts foresaw a build. As crude is the main feedstock for oil refineries, strong refining activity tends to be price supportive of crude. Iraq , which produces 4.7 million barrels a day, is OPEC's second largest producer behind Saudi Arabia.

Business

Tata Group files caveat in courts

It filed multiple caveats on Tuesday, fearing a courtroom manoeuvre against its decision to bring Ratan Tata back from retirement to take Mistry's place. Harish Salve, a long-time legal adviser to the Tata Group, told a private news channel that Cyrus Mistry's decisions to sell assets acquired by the group's head, including its steel interests in the United Kingdom, did not find any favour with the board and were viewed as detrimental to the company's significant global reputation.

Business

Unemployment rates drop in Wisconsin counties, cities

The Research and Planning Section of the Wyoming Department of Workforce Services says the jobless rate last month was still well above the September 2015 rate of 4.3 percent and a little above the September 2016 USA unemployment rate of 5.0 percent.

Business

Khizr Khan, father of US Army captain, to campaign for Hillary Clinton

After Trump was roundly criticized by Democrats and Republicans for his reaction to Khan's speech - including an explicit disavowal of his candidacy by ME senator Susan Collins - the Khans withdrew from campaign appearances, telling CNN that they found the experiences too draining.


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