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Tata Sons rubbishes Mistry allegations The great Indian corporate drama drags on

Quite evidently vexed by the allegations made by Mistry, Tata Sons issued a statement which read, "It is a matter of deep regret that a communication marked "confidential" to Tata Sons board members has been made public in an unseemly and undignified manner".

Business

Dollar, bond yields rise on enhanced Fed rate hike prospects

The slide began in European trading hours and cascaded into the US, where Treasury 10-year note yields touched the highest since May amid increasing confidence that the Federal Reserve will tighten policy in December. The 10-year Gilt yield has risen almost 20 basis points this week to levels not seen since Britain's vote in June to leave the European Union. "The whole idea is that central banks may not necessarily rush to add a lot more stimulus in the near term is what's driving yields ...

Business

Stock's Earning Overview: Merck & Co., Inc. (NYSE:MRK)

Analysts had expected Merck & Co., Inc. BlackRock Fund Advisors now owns 43,031,080 shares of the company's stock valued at $2,276,774,000 after buying an additional 578,591 shares in the last quarter. During the same quarter in the previous year, the company posted $0.96 EPS. (NYSE:MRK) stands at -3 while the industry's and the sector's growth for next 5 years ticked at 10.81 and 11.09 respectively.

Business

Mike Pence's campaign plane slides off runway in NY

The incident occurred just before 8pm last night while the jet was landing at LaGuardia airport in NY. Three minutes passed from the time the plane made a full stop until the first emergency response vehicle arrived, he said, noting that he had made it a point to time it.

Business

SBI advices Customers not to transact through other ATM Network

Seeking to calm anxious bank customers, the department of financial services additional secretary G.C. Murmu told a news agency, "Only about 0.5 per cent of total debit card details were compromised while remaining 99.5 per cent cards are completely safe and bank customers should not panic".

Business

Tobacco giant BAT targets USA with $47B Reynolds bid

Imperial Brands waded into the USA market previous year with its $7-billion purchase of certain brands from Reynolds to ease the $25-billion purchase of Lorillard. During the same quarter in the previous year, the company posted $0.55 EPS. The company added that this proposed deal would also strengthen its brand portfolio by bringing the ownership of Newport, Kent and Pall Mall under the same company.

Business

GMB's anger over May's go-slow on Heathrow while Labour MPs mull options

She suggested that if both airports got the go-ahead for a new runway, then it would mean Gatwick would not be able to expand as it would lose out in competition with Heathrow for airlines. Of communities near Gatwick and Heathrow, and under their flight paths, Ms Clayton said: "People are really scared, they're genuinely distraught". Former chancellor George Osborne, in line with the Airport Commission study concluded while he was in government, has recommended Heathrow for expansion, ...

Business

LeBron, Cavs dominate Knicks on opening night

James , who got choked up while speaking to the crowd before the game, continued his ideal record on ring nights. The hype of Brandon Jennings didn't translate into anything, as he scored just 7 points on 1-for-7 from the field, and there was nothing coming from the bench to help the Knicks stop the slide in the second half, and it'll take time to find someone who does.

Business

British economy resists Brexit… for now

And Samuel Tombs, chief United Kingdom economist of Pantheon Macroeconomics, said the adverse consequences of the Brexit vote "will become increasingly clear as inflation shoots up and firms postpone investment over the coming quarters". Tourism was a key part of that, with the weak pound encouraging spending by foreigners. The latest films in the Jason Bourne and Star Trek franchises were released in July along with other popular productions, lifting takings at box offices.

Business

International Business Machines Corporation (NYSE:IBM), Owens-Illinois, Inc. (NYSE:OI)

The stock has a market cap of $147.35 billion, a price-to-earnings ratio of 11.43 and a beta of 0.88. DaVita Inc. recently traded -11.39% below its 50-day simple moving average and went down -19.43% from its 200-day simple moving average.

Business

Range Resources Corporation reiterated as Outperform By Imperial Capital

Earnings per share were $0.18. Insiders at the company look mixed about the outlook as they seem to trade shares both ways while they have 42.24 jumped so far this year. purchased 480 shares worth $10000.13, through a transaction dated 2016-03-07. Finally the shares closed at $25.35. The Company's natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania.

Business

US Says Iraqis Have Retaken 40 Villages From ISIS Near Mosul

Brig. Gen. Haider Fadhil said Thursday that his forces were waiting for other fighting units to push up from the south in order to further isolate Mosul before they enter the city. Lise Grande, the United Nations humanitarian coordinator for Iraq, said it was possible that crazed ISIS fighters who have controlled Mosul for more than two years could resort to "rudimentary chemical weapons" to hold back the impending assault.

Business

Lawmakers To Feds: Give $10 Million To NJ TRANSIT For Train Safety

He said he glanced at his watch, which showed the train was about six minutes late entering the station; he checked the speedometer, which indicated that the train was going ten miles per hour - the last thing he remembers. For the first time during a rail investigation, the NTSB utilized a drone to capture 109 aerial images of the accident scene, especially documenting the collapsed roof of the terminal.

Business

Father jumps from bridge holding sons aged 1, 3

His posts paint a different picture of the man who police said jumped about 100 feet off of the structure this week, carrying both kids. He then took the boys from the home and drove off with them, according to the New Jersey State Police .

Business

Trump and Hillary's use and abuse of women

SPRINGFIELD, Ohio (AP) - Aiming to deliver a knockout blow to Donald Trump's staggering presidential campaign, Hillary Clinton turned to popular first lady Michelle Obama to rally voters in North Carolina . "If the Clintons were willing to play this fast and loose with their enterprise when they weren't in the White House, just imagine what they'll do in the Oval Office", Trump asked voters in Springfield, Ohio, Thursday.

Business

UBS reports drop in wealth profit as Ermotti lowers costs

Nevertheless, UBS maintained its gloomy outlook amid negative interest rates in Switzerland and economic uncertainty which has kept many investors on the sidelines. The unit reported net new money of 9.4 billion francs, up from 6 billion francs in the second quarter, driven by the Asia-Pacific region and Europe. While UBS Chief Executive Officer Sergio Ermotti, 56, has shrunk fixed-income operations in the wake of the financial crisis that forced the lender into a bailout, it still relies on ...

Business

Here's How Tesla Turned Its First Profit in Three Years

During the quarter a year ago, it lost $229.9 million, or 58 cents a share , on revenue of $1.24 billion. Excluding items, adjusted earnings for the quarter were $0.71 per share, compared to adjusted loss of $1.35 per share a year ago.

Business

Skechers U.S.A., Inc. (NYSE:SKX) Updated Broker Price Targets

Several large investors have recently bought and sold shares of the company. Finally, Capital Growth Management LP purchased a new stake in Skechers USA during the second quarter worth about $62,115,000. Skechers USA's revenue for the quarter was up 10.1% on a year-over-year basis. Market analysts have recently updated their ratings and price targets on shares of Skechers U.S.A., Inc.

Business

USA charges 56, five firms in Indian call centre scam

The scam, which had operated since 2013, defrauded at least 15,000 people across the US of more than $300 million, including $837,666 from 201 victims in Arizona, according to data obtained by The Arizona Republic . The Justice Department said it's not clear that the victims will get any of their money back, or that the defendants arrested can not be easily replaced.

Business

'We should just cancel the election' and declare me the victor

The latest poll, released on Thursday by Remington Research, has Trump leading Clinton by four points . As Trump proved in just five words, and as he has proved with horror after horror throughout his campaign, he believes he can do whatever he wants: to women, to the political system, to the country.

Business

Confrontation looms as Pakistan's Imran Khan calls protests ahead of capital lockdown

In his presser following the police action, Imran Khan had already called for party workers to come out to protest government high-handedness. Display of weapons and use of loud speakers are banned with immediate effect and the police have reportedly prepared a strategy to track down and arrest of the PTI local leaders and workers.

Business

Asian stocks subdued, USA dollar up on enhanced Fed rate hike prospects

A sell-off in Gilts had led the way on Thursday as strong third quarter United Kingdom growth data doused expectations for monetary easing by the Bank of England. Spanish yields are at a three month high ahead of a vote on the possible formation of a minority government, ending 10 months of political impasse. There may have also been some early liquidation ahead of next week's Fed monetary policy meeting on November 1-2 and the November 5, U.S.

Business

Trump to Give Campaign $10M More; Clinton Keeps Cash Lead

Trump has called the election "rigged", argued that the media and establishment politicians are conspiring to sink his campaign and warned supporters that the presidency could be stolen from them due to voter fraud - instances of which are extremely rare.

Business

Broncos RB C.J. Anderson has right knee injury

Booker played 35 snaps Monday, or 55 percent of the offensive snaps, and recorded 83 yards and a touchdown on 17 carries. "If we can put ourselves 5-3, 2-0 in the division, first place in the division going into the bye week, everything else is irrelevant", he said .

Business

Macquarie Group half year profit slips 2%

Revenue fell on market uncertainty leading to fewer trading opportunities, a sharp drop in performance fees, lower commission income, and smaller mergers and acquisitions, advisory and underwriting fees. Earnings per share were down 4% to $3.12. The bank's core equity tier 1 (CET1) ratio was 10.4 per cent at 30 September 2016. Macquarie's capital markets businesses benefited from lower impairments offset by lower trading activity.

Business

United States charges 56, five firms in Indian call centre scam

The Justice Department announced Thursday that it had shut down multi-nation call center scams that had targeted more than 15,000 victims in the United States. Russell George said. "We never demand that money be loaded onto prepaid cards". Among the victims: an elderly San Diego woman who forked over $12,300 after she was threatened with arrest if she didn't pay a penalty for fictitious tax violations.

Business

Armed police begin operation to clear pipeline protest camp

One protester fired three shots from a.38-caliber revolver as police tried to arrest her, almost hitting a deputy, the sheriff's office said, adding that the woman was taken into custody and no law enforcement officers returned fire. "Nobody wanted this", Kirchmeier said, claiming that protesters' illegal actions made the conflict inevitable. The affected area includes land under Lake Oahe, a large and culturally important reservoir on the Missouri River in southern North Dakota where the line ...

Business

Check Out Puja Vidhi, Mahurat, Auspicious Timings For Dhanteras 2016

It is also known as Dhantrayodashi, which is known to be the first day of five day long Diwali festival. The 5th day of Diwali: "Bhai Duj" The larger part of Hindu celebrations and ceremonies put weight on the noteworthiness of family holding and connections.

Business

World first as beer shipment hauled by self-driving truck

With "full support from the state of Colorado", Otto said , the white-and-red truck traveled from Fort Collins down Interstate 25 to Colorado Springs last Thursday "exit-to-exit without any human intervention". The 120-mile commute through Denver was mostly done with the driver sitting patiently while the truck did the driving. Because most of their trips are driven on highways where there are fewer obstacles than on city streets, freight trucks have become attractive testing vehicles for ...

Business

Vladimir Putin criticises United States, says ready for new president

Russian President Vladimir Putin has opposed setting a time frame for the signing of a post World War II peace treaty between Russia and Japan. Is the USA a banana republic? In his speech, Putin said there is little difference between the proposals of Donald Trump and Hillary Clinton.

Business

BT Group PLC's (BT) Neutral Rating Reaffirmed at JPMorgan Chase & Co

BNP Paribas restated a "neutral" rating and issued a GBX 395 ($4.81) price objective on shares of BT Group PLC in a research note on Friday. According to an update released by analysts at JP Morgan Cazenove the broker has now set a "Overweight" rating on shares of Berendsen Plc (LON:BRSN) with a price target of 1346.

Business

WVU will look to exploit TCU defense

Throughout the whole game, they wanted it more than us. TCU head coach Gary Patterson looks towards the field during the football game between Kansas State and TCU on October 10, 2015, in Bill Snyder Family Stadium. TCU was saddled with its most lopsided loss since joining the conference, surpassing a 23-point setback to Texas in 2013. "The bottom line is you're not going to win any ball games if you turn the ball over", said TCU coach Gary Patterson .

Business

Father jumps from bridge with 2 kids

State police say John Spincken , 37, intentionally jumped from the Wanaque Bridge on Interstate 287 around 8 p.m. Monday. Spincken was pronounced dead at the scene around 9 p.m. Both boys suffered concussions, according to WPIX. Authorities tracked him down to Wanaque in Passaic County via his phone's Global Positioning System signal, where he had jumped from a bridge with his sons.

Business

Chip maker Qualcomm buying NXP Semiconductors in $47B deal

The agreement allows Qualcomm , which makes chips for Apple and Android, to become the top seller of semiconductors for the auto business. NXP , which became a bigger manufacturer through the purchase past year of Freescale Semiconductor , owns seven factories in five countries that turn silicon wafers into chips.

Business

United States stocks fall as bond yields spike, retailers drop

Stocks fell today, curbed by the continued surge in global bond yields, while the dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise U.S. But it has recently risen amid concerns that ultra-easy policies practiced by the major central banks could have their limits and may not be continued indefinitely.


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