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Demonetisation: IT notices to those depositing huge cash

The Government had earlier said black money deposited in bank accounts during the 50-day period will be subject to tax, interest and 200 per cent penalty. "We urge every conscientious citizen to help join the government in eradicating it". The government also set a December 30 deadline for accepting the old decommissioned currency notes, in exchange for legal tenders.

Business

Trump auto industry statements are misleading

Privately on Friday, Ford officials suggested that their decision to keep Lincoln production in Louisville was influenced in part by the likelihood that Trump will sign a large cut in corporate income tax rates and move to scale back fuel-economy standards issued under President Obama, which automakers have called onerous.

Business

Smoke from wildfires to drift into Midlands again

Forest Service, AP reported. Thursday's national drought report shows 41.6 million people in parts of 15 Southern states living in drought conditions. 25 counties are under a state of emergency. They may get reinforcements: The Federal Emergency Management Agency announced its reimbursement of most of the costs for one of the fires, after a request from Tennessee.

Business

Gold set for second weekly loss as dollar soars

The dollar powered to its highest levels since 2003 against a basket of currencies on Friday, with Donald Trump's victory in the USA presidential election helping to give the greenback its best fortnight against the yen in nearly 30 years. On Thursday, Fed Chairwoman Janet Yellen said she expected a rate increase to come "relatively soon", following stronger economic data. Japan's finance minister on Friday said the yen's recent weakening was a sign of stability returning to the markets, ...

Business

Demonetisation woes: Bank pays Rs 20000 in 10 rupee coins to customer

He soon got a bag full of money, that weighed nearly 15 kgs. "I had gone to withdraw Rs 24,000 from the bank yesterday (Friday) as there was no money in the house and daily needs had be met especially with two young children at home". "I agreed to take coins rather than standing in long queues again", he said. The offer made by bank manager which Alam can't refuse brought smile on everyone's face when he left the bank carrying a laptop in his one hand and a 16 kg bag full of coin on his ...

Business

Obama again hits at Facebook for spreading fake news

Fake election-related news stories generated more engagement on Facebook than real news, according to a BuzzFeed News analysis . He's also said that more than 99 per cent of the stories on Facebook are accurate. I've never seen anything like it". It took quite a bit of soul searching, but the leaders of Google and Facebook finally seem to agree - fake news is a problem.

Business

Dollar at its Highest Since 2003

The Labor Department also released a report showing that initial jobless claims fell to their lowest level in over forty years in the week ended November 12th. While the surge in the greenback to a five-month high against the yen provided another rally for Japan's Nikkei, traders in other Asian markets were more uneasy, with foreign investors removing cash from emerging markets seeking better United States returns.

Business

Modi holds meet with senior ministers on demonetisation

Blasting Mr Modi over the Premier's comments that she accepted currency notes' garland and her party along with other opposition parties were the worst sufferers of demonetisation, the BSP supremo said even today, the opposition party leaders and the Prime Minister could not tolerate the daughter of a Dalit honoured with garland.

Business

There is sufficient supply of notes, don't panic : RBI assures people

Jaitley also said that around 22,500 ATMs were being recalibrated on Thursday to be able to dispense Rs 2000, Rs 500 and Rs 100 currency notes. While, A controversial Indian mining tycoon has taken over a royal palace and flown in Brazilian dancers at a reported cost of $75 million to celebrate his daughter's wedding on Wednesday, as the country reels from a cash crisis.

Business

Amazon unveils Black Friday deals

Wouldn't a $450 Best Buy gift card help your holiday gifting budget? Use apps while you're shopping. "Black Friday 2016 is nearly here, but we didn't want you to wait until the day after Thanksgiving for Black Friday deals, so we kicked off the savings a little early", said Amazon .

Business

Saudi, Russian Energy Ministers May Meet in Doha Ahead of OPEC

Although Saudi Arabia is leading to reach a deal on cutting outputs, Venezuela President Nicolas Maduro said the OPEC member would finance $2.2 billion from a Chinese credit line to boost oil joint ventures with China National Petroleum Corp by around 277,000 barrels per day.

Business

Leaked memo: 'there is no plan' for Brexit

It also warns that big firms will "point a gun at the government's head" to get reassurances for better trading conditions after Brexit as auto manufacturer Nissan did. Foreign Minister Boris Johnson, Trade Minister Liam Fox and Brexit Minister David Davis are said to be on one side, while Finance Minister Philip Hammond and Business Minister Greg Clark are reportedly on the other.

Business

Turkey: New system would replace PM with vice presidents

Later, speaking at the joint press stakeout, Prime Minister Nawaz Sharif said the two sides have agreed that increased trade, investment and commercial cooperation must be the nucleus of the robust economic relationship. He also appreciated Turkey's efforts in helping Pakistan join the Nuclear Suppliers Group (NSG). Abu Zeid went on to question Erdogan's human rights and democracy records particularly the mass arrests that followed the failed coup attempt in July .

Business

Tesla Model 3 Owners Would Have To Wait Many Times

With this in mind, Tesla sought to improve the performance of its existing electric vehicles through a software update, and it did. The current P100D with Ludicrous Mode is already the fastest production auto in the world according to Tesla , but the 0.1 second improvement will put it at the very top of the heap for 0-60 acceleration, beating out the $845K Porsche 918 Spyder which also claims a 2.5 second time for that standard measure of performance.

Business

India acts to help farmers hit by black money crackdown

All three denominations were however, reintroduced for circulation in 1954. How much cash has the RBI distributed so far in the state in the post-demonetisation period? "Leaving aside execution challenges, demonetization is a fantastic move".

Business

Steelers closing ranks as losing streak hits 4

Losses to the Miami Dolphins and New England Patriots began the Steelers' four-game skid that has dropped them into second place in the AFC North behind the Baltimore Ravens (5-4). Heyward, a team captain for the Steelers at defensive end, hadn't missed a game prior to this season even in his college days at Ohio State. "In that situation, there was nowhere to go", Brown said, via the Observer-Reporter .

Business

WHO declares Zika emergency over

The WHO says more than 2,100 cases of nervous-system malformations have been reported in Brazil alone. The decision comes nine months after the United Nations agency first declared an emergency over Zika and its associated complications.

Business

China's yuan falls to fresh 8-year low on resurgent dollar

Botox maker Allergan retreated $8.20, or 4.1 percent, to $191.78 and biotech giant Amgen fell $2.13, or 1.4 percent, to $145.23. Yellen said that Fed is on the track to raise the interest rates. One of the reports was the consumer price index which recorded its biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Fed action on interest rates.

Business

VW to eliminate 30000 jobs to cut costs after scandal

That said, Volkswagen in the same announcement also said it would create 9000 new jobs in its battery and mobility services factories in Germany as the brand moves towards an electric future. But VW has clearly chose to target its biggest business in its home base where costs are high. Volkswagen Group, with its multiple brands, has more than 600,000 employees but the cuts will mainly fall on its 120,000-strong German work force.

Business

Black Friday or Cyber Monday: When Should You Shop?

This is what you need to know about Black Friday price matches before you start planning your shopping trips. Walmart said it will be "dramatically increasing" the amount of inventory it has available for online deal hunters, offering some 50 percent more Black Friday merchandise this year on the Web than last year.

Business

First Industrial Realty Trust Inc

The firm earned "Neutral" rating on Monday, February 22 by Mizuho. The firm has "Outperform" rating given on Thursday, April 7 by FBR Capital. The firm has "Hold" rating by Stifel Nicolaus given on Friday, November 6. (NYSE:EDR). Tudor Inv Et Al accumulated 0.01% or 5,384 shares. The company's institutional ownership is monitored at 0 percent. Teacher Retirement Systems Of Texas holds 0% or 14,392 shares in its portfolio.

Business

Mexico's peso plummets to new low on Trump's effect

Analyst Luis de la Calle said first they need to know if he's really going to dump the deal: "We should look to having sufficient clarity, as quickly as possible, on what kind of proposals could come from the United States with regard to relations with Mexico".

Business

Oil set for gain after OPEC's informal talks with Russian Federation

During prior meetings Iran has stated that it would agree to a freeze within 4.0 and 4.2 million barrels per day. Russian Energy Minister Aleksandr Novak said he was more confident an output deal could be reached between Moscow and the group to help boost oil prices.

Business

Shooter had troubled work history, airline employee's wife said

It was discovered shortly after the murder that Buie resigned from Southwest in April of 2015, and it has been speculated that this situation arose from the events leading up to Buie's resignation and possible conflict with Winchester. Joe Castiglione, director of athletics for the University of Oklahoma, tweeted, "Our hearts are truly heavy for the entire Winchester Family". Police found Buie's red pickup truck in the parking garage about three hours after the shooting.

Business

Trump on Twitter: Ford won't move Lincoln assembly to Mexico

Trump also jumped on the issue about Ford's move to Mexico in October 2015 and claimed credit about halting the "plan" and convincing the company to have its plant in OH instead. Taking credit when it is not due to him seems to be a pattern for Trump , especially concerning Ford. THE FACTS: Trump was referring to Ford's plans to shift all small-car production to Mexico to take advantage of lower wages.

Business

Drugmaker losses pull stocks lower; small-cap surge goes on

Retailers Gap, Abercrombie & Fitch and Williams-Sonoma are dropping after they gave weak quarterly reports, while discount retailer Ross Stores is climbing. It dropped $5.40, or 11.9 percent, to $39.90. That trend continued as discount retailer Ross Stores rose $2.47, or 3.8 percent, to $68 after it posted a better-than-expected profit and sales.

Business

Logan Capital Management Inc Lowers stake in Global Payments Inc (GPN)

Stifel Nicolaus upgraded Global Payments from a hold rating to a buy rating and boosted their price target for the company from $76.00 to $85.00 in a report on Friday, November 4th. GPN Director JACOBS WILLIAM I also sold 600 shares, at a stock price of $73.22. The insider owns 343,752 shares which have current market value of around $24042014.88.Mr.

Business

Trump quickly settles lawsuits after a long fight

They accused the program of misleading students by calling itself a university when it was not an accredited school and by saying that Trump "hand-picked" instructors. Trump's political rivals seized on the lawsuits to try to portray him as dishonest and deceitful. Trump brought more attention to them by repeatedly assailing Curiel, who oversaw the San Diego cases.

Business

Bengals - Giants: 3 Quick Takeaways from Monday's Win

With the New York Giants trailing 20 to 14 in the fourth quarter against the Cincinnati Bengals on Monday Night, they had a fourth-and-goal from the Cincinnati 3-yard line. That is when McAdoo decided his offense needed that little push. During halftime of Monday's game, Coughlin was among the most recent inductees into the Giants' Ring of Honor.

Business

Connecticut lost 7200 jobs in October

Growth was just 1.1 percent in the first half of 2016, but rose to a 2.9 percent pace in the July-September quarter. Valerie Wilson with EPI noted that among those states were Indiana, Michigan and Texas, which have significantly lower black unemployment rates .

Business

With election over, Facebook and Google trying to curtail fake news

So it's clear that it's not just about influencing the election - people are taking advantage of social networks to make money using fake news. Earlier Monday, Google announced a similar policy prohibiting ads from being placed on websites that publish fake news, the Wall Street Journal reported .

Business

Tesla shareholders approve $2.6 billion SolarCity merger

According to a Bloomberg report, Music said: "So the basic proposition will be: Would you like a roof that looks better than a normal roof, lasts twice as long, costs less and-by the way-generates electricity?". The premium was about 35 percent when first announced in late June. The acquisition will cost Tesla approximately $2 billion. SolarCity has recorded losses in six of the last eight quarters.

Business

Ohio Jobless Rate Increases, Now At Nationwide Average Of 4.9 Percent

The drop from 4.2 percent in September was in line with a decline in the national unemployment rate from 5 percent to 4.9 percent. The unemployment rate in MA continues to drop and is now at its lowest point since April 2001. Private-sector employment increased by 12,200 jobs and government employment decreased 1,600 in October. Since October previous year, the sector has expanded by over 1 percent with the addition of 2,300 jobs.

Business

President Elect Trump Settles Trump University Lawsuit for $25 Million

Nov 19, 2016- Donald Trump has settled three Trump University lawsuits for $25m (£20m), the New York Attorney General has said. The settlement will range between $20 million to $25 million, unnamed sources told the newspaper. The settlement lifts what probably would be a major obstacle for Trump as he works to fill key executive branch positions and get acquainted with foreign leaders.

Business

Eddie Redmayne Just Told Us How 'Fantastic Beasts 2' Will Be Titled

For example, American magical people can never intermarry with the non-maj, the equivalent of English muggles. So that makes the movie not a "must watch", but definitely a "should watch". Similar to how no one's favorite Harry Potter is the first movie, I suspect that will be the same with this saga; it's an entertaining distraction where the real story is just beginning.


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