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Business

Hope for survivors fades in India train disaster

By this morning, rescuers had searched the last of the train's 14 wrecked cars, police Director-General Daljeet Chaudhary told Indian broadcaster NDTV . Railway Minister Suresh Prabhu arrived at the site by Sunday evening to monitor the rescue and relief operations. The volunteers visited injured victims and the distraught families in the hospitals and distributed drinking water, tea, snacks and fruits among them.

Business

Israel proposes 500 new settlement homes near Jerusalem

The worldwide community considers all settlements illegal and sees them as one of the biggest obstacles to peace between Israel and the Palestinians. Here in the region, it's not unexpected to see pundits working overtime to predict what the Trump Middle East policy will be or who will represent the new administration in the Middle Eastern capitals and United Nations.

Business

Almost 900 flights canceled due to Lufthansa strike

German airline Lufthansa cancelled nearly 900 flights on Wednesday after a last-minute legal challenge to a planned pilot strike failed. The strike started at midnight and affects flights departing from German airports, including long-haul flights.

Business

Black Friday shoppers weigh-in on crowds, deals

Most people were there to shop, but not everyone. Many sales start Thursday and run through the entire weekend. Because the store has been open since Thursday, the crowds seemed to have spread out. Shoppers were quickly filling bags and keeping an eye out looking for deals. "As a day care teacher, I don't make that much, so I have to plan how I will spend", said Bullard, who bought a Xbox and clothing.

Business

Hundreds of flights canceled in 3rd day of Lufthansa strike

In total, there have been 2,863 flight cancellations and 345,000 passengers impacted since the Lufthansa strikes began on Wednesday. Lufthansa said earlier it had offered to increase wages by 4.4 percent in two installments, as well as a one-off payment equal to 1.8 months' pay.

Business

Demonetisation critics didn't get time to prepare: Modi

But instead of paying attention to what Dr Singh , had to say about the economic impact of the demonetisation move, finance minister Arun Jaitley stuck to his government's cynical - and superficial - political script of continuing to badmouth the government led by Dr Singh two and a half years after the Congress' rout in the 2014 general election.

Business

Childhood friends in Bamberg are proud of Haley's rise

Trump has definitely contributed to what I think is just irresponsible talk", she said in a follow up interview. She is the daughter of Indian immigrants and went on to work for her mother's upscale clothing business helping to make it a multi-million dollar company.

Business

Ctrip.com International Ltd.'s (CTRP)

The Earnings per Share of the stock is $0.26. Nippon Life Insurance Co. increased its stake in shares of Ctrip.com worldwide by 3.4% in the third quarter. During the same quarter in the previous year, the business earned $0.30 earnings per share. Ctrip.com International Ltd. has been the topic of 31 analyst reports since August 6, 2015 according to StockzIntelligence Inc.

Business

Dow Closes Above 19000 for First Time

Wall Street futures on Wednesday pointed to a flat to slightly lower open for the major U.S. indexes ahead of the U.S. Thanksgiving holiday, a day after the Dow Jones Industrial Average closed above 19000 for the first time ever. Alphabet, Google's parent company, slid $8.39, or 1.1 percent, to $776.61 and Microsoft lost 75 cents, or 1.2 percent, to $60.37. MSCI's all-country world equity index fell 0.63 points, or 0.15 per cent, to 412.74.

Business

Constitution Party's Scott Bradley on the Electoral College

In a tweet sent out from Trump's twitter account in 2012, the NY magnate claimed that climate change is nothing more than a hoax created by the Chinese. Trump rejected the idea that he was bound by federal antinepotism laws from installing his son-in-law, Jared Kushner, in a White House job. In a recent interview with the Wall Street Journal , Bannon conceded that the alt-right has "some racial and anti-Semitic overtones", but he insisted he does not hold those views.

Business

Saudi Arabia to Skip Meeting With Non-OPEC Producers

Most analysts expect some form of a production cut. However, the energy minister of Russian Federation, the largest non-OPEC producer, said he hadn't heard about such a proposal, and that OPEC's earlier suggestion had been for members outside the cartel to reduce output by 500,000 bpd.

Business

India Doubles Balance Limit For Digital Wallets To Help Merchants

Taking the next step to fight black money within India, the Centre on November 24 announced that from November 25 onward, it would no longer allow over the counter exchange of old Rs 500 and Rs 1000 notes. Such a notification allows citizens of foreign countries to hold a certain amount in Indian currency, officials said. Earlier, a ban was in effect in Nepal till a year ago against the use of Rs 500 and Rs 1,000 denominations notes.

Business

Shell Midstream Partners, L.P. (NYSE:SHLX) earnings expectations

Recently stock market analysts updated their outstanding price targets on shares of PennTex Midstream Partners, LP (NASDAQ:PTXP). They issued an "outperform" rating and a $16.00 price target for the company. Shares registered one year high at $60.08 and the one year low of $35.76. Investors of record on Friday, November 4th were paid a $0.2475 dividend. The ex-dividend date was Thursday, November 3rd.

Business

Further Dublin flights grounded as Lufthansa strike continues

Lufthansa offered to increase pay by 4.4 percent in two steps by mid-2018, and make a one-time payment of 1.8 monthly salaries in lieu of past increases. The union has been demanding a pay rise of an average of 3.66 percent per year, retroactive for the past five years. A pilot at Lufthansa earns on average 180,000 euros a year before tax, though a captain on the highest pay level can earn as much as 22,000 euros a month before tax.

Business

Global markets mixed in quiet trading on US holiday

TOKYO , Nov 25 Japan's Nikkei share average rose for a seventh straight session on Friday after USA shares soared and the dollar jumped further against the yen, lifting prospects for better corporate earnings. But some major exporters were down, with Toyota sliding 0.97 percent to 6,297 yen and rival Honda off 0.37 percent at 3,174 yen. The central bank allows the currency to float within a 2 percent range from the daily fix.

Business

Zacks Earnings Estimates: Tesla Motors, Inc. (NASDAQ:TSLA)

The growth estimate for The Dow Chemical Company (NYSE:DOW) for the current quarter is -4.3 percent. Investors interested in trading TSLA stock at the current market price of $193.14/share should know the company will next release quarterly results for the December 2016 quarter.

Business

Italy's Renzi moves toward budget approval ahead of referendum

It will take place on 4 of December . Italy's upcoming referendum on constitutional reform is not only "very important", but also has the potential to catalyze repercussions Europe-wide, according to the chief executive of Italy's biggest utility.

Business

The Crowds and Chaos of Black Friday Arrive

The world's largest retailer knows Black Friday (or maybe any day, for that matter?) is all about shopping so its doors will be open for the entirety of the holiday. Wal-Mart Stores Inc., which started its Black Friday sales in stores on Thursday at 6 p.m., says shoppers were embracing different types of tech products.

Business

(LLY) Rating Lowered to Market Perform at BMO Capital Markets

LLY has been the topic of several other research reports. Jefferies Group reaffirmed a "buy" rating and set a $100.00 target price (down previously from $105.00) on shares of Eli Lilly and in a research report on Friday, October 28th. The firm's revenue for the quarter was up 4.7% compared to the same quarter a year ago. This number represents the scoring on a scale of 1 to 5, where 1 implies a Strong Buy and 5 denotes a Strong Sell.

Business

Arista Networks Inc. (ANET) PT Raised to $100.00 at Pacific Crest

During the same period past year, the firm posted $0.59 earnings per share. Arista redesigned the products in question, and said Monday that U.S. Customs had agreed to allow the company's new networking gear to be imported into the U.S. The disclosure for this sale can be found here. The P/E ratio was recorded at 41.06.The volatility in the previous week has experienced by 2.86% and observed of 2.59% in the previous month.62.10% ownership is held by institutional investors while insiders hold ...

Business

Some Gainesville retailers rethink Thanksgiving Day sales

All major banks are closed on Thanksgiving Day, but they will be open on Friday. A widely published list of 35 chains that will be closed includes HH Gregg, OfficeMax and Office Depot, which were each open on Thanksgiving Day previous year.

Business

Shoppers flock to stores to snatch up Black Friday deals

They arrived at the relatively quiet MacArthur Center mall in downtown Norfolk, Virginia, shortly after 8 a.m. where each bought a coffee and sat near a Nordstrom. CEO Chris Baldwin said early sales Friday were higher than previous year, with customers lured in by deeper discounts on electronics such as Samsung Galaxy tablets and 60-inch Samsung TVs.

Business

ICC fine is hard to swallow, says Proteas skipper

Du Plessis was at pains to stress that "shining" and "tampering" are two very different things. Yet, Steve Smith's words must have been a pleasant surprise for the South African, who took the captaincy from the injured AB de Villiers and is yet to lose a match in his stand-in capacity.

Business

MEA rejects Pak allegations of India's denial of overflight clearance

The adviser's statements come days after Indian troops targeted a passenger bus and ambulance across the Line of Control , and killed three Pakistan Army soldiers and 10 civilians in various incidents of "unprovoked" firing. He said, "If India imposes war on Pakistan, Pakistan will fight valiantly. Let me state the facts", external affairs ministry spokesperson Vikas Swarup said in his weekly media briefing here.

Business

OPEC Oil prices remain high on uncertainty over production cut

Reports that Saudi Aramco would in January increase oil supplies to some Asian customers also weighed on markets, traders said. Wednesday's lethargy came after oil prices rallied earlier this week. The freeze of oil production for Russian Federation is equivalent to a reduction of production by 200-300,000 barrels per day, as it deprives the company's ability to increase production in accordance with the plan, Energy Minister Alexander Novak told reporters.

Business

Markets Right Now: US stocks edge higher in early trading

At midmorning the Dow Jones industrial average was up 52.4 points, about 0.3 percent, at 19,135.6. Health care companies are taking some of the biggest losses. Bond prices dropped, sending yields higher. The dollar index, which measures the greenback against a basket of six major currencies , was last down 0.3 percent at 101.390 as investors took advantage of the pullback in US bond yields to lock in gains that have propelled the currency to a almost 14-year peak.

Business

Court ruling puts new overtime rules in doubt

Announced in May 2016, the government ruling is an update of the Fair Labour Standards Act, which outlines overtime provisions and minimum wage for USA workers. Today, under the Fair Labor Standards Act, employers must pay their nonexempt employees time-and-a-half for working more than 40 hours per week only if the employees make less than $23,660 per year.

Business

Shoppers hit the stores for Black Friday deals

Select the "Get Store Map" link next to the store of your choice to find the map of your favorite Target store. Retailers like Amazon , Target , Walmart, Newegg and Best Buy always offer a wide array of Black Friday deals . 'Online discounts are earlier and a lot bigger than past year, ' said Tamara Gaffney, principal research analyst at Adobe Digital Index. Adobe is forecasting Thanksgiving Day online sales to hit $2 billion for the first time, a 15.6% year-over-year growth increase.

Business

Pakistan Reaches Out To United Nations Over Border Tension With India

Following the recent spree of ceasefire violations and cross-border firings between India and Pakistan along the Line of Control , the United Nations has expressed concern and has called for restoration of stability in the region to prevent any further escalation.

Business

Bank inquiry report clamps down on competition

So far, most large banks have not shared their customer credit data, and critics say this is partly because they see holding on to the data as a competitive advantage and prevents people from "switching". Labor and the Greens dismissed the report on Thursday, describing the inquiry as a "stage-managed circus" created to avoid a royal commission. "You can not just pass off without serious consideration the governance framework around data, because some of the suggestions about wide-open APIs ...

Business

Hundreds more flights canceled on day 3 of Lufthansa strike

A number of flights to and from Dublin were among those cancelled. Pilots' Union announced that the strike , the 14th in a dispute stretching back to April 2014 would be extended to a third day on Friday, from the two originally planned.

Business

Trump Election Stirs Tensions in Schools

More than a thousand Rutgers students and staff took to the streets Wednesday to protest president-elect Donald Trump's election. "No Trump, no KKK, no racist United States of America!" some were heard chanting as they protested Donald Trump's election.

Business

More than 800 flights grounded as Lufthansa dispute intensifies

The union aims to put pressure on Lufthansa to raise pilots' wages. A walkout by Lufthansa (LHAG.DE) pilots that has led to nearly 2,000 flight cancellations has cost the German airline about 20 million euros (16.89 million pounds) over two days and weighed on its mid-term bookings, a board member said on Thursday.

Business

Japan's Abe to meet Trump in hastily arranged NY meeting

He'd be the first foreign leader to meet with Trump. "I am very honored to see the President elect ahead of other world leaders", Abe told reporters before his departure. Kellyanne Conway , a current member of Trump's transition team , said the nature of the meeting would be "informal" since President Barack Obama is still in the White House.

Business

Trump meets Japanese Prime Minister Abe

On the nuclear question, Mr. Trump tried to walk back some of his comments on the stump, and accepting nuclear weapons in either Japan or South Korea would be a sharp departure from long-standing US security policy. Some diplomats say that until Trump makes key appointments, it will be hard to assess his policies on issues ranging from overseas deployments of USA troops, China's maritime aggressiveness in Asia and North Korea's nuclear threat.


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