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Oil Prices End Near Flat On Uncertain Outcome From OPEC Meeting

The contract gained 0.5 percent to $49.12 on Tuesday. IEA Director Fatih Birol told Reuters yesterday that even if production is cut, higher prices could prompt USA shale oil drillers to massively increase their own output. Futures were little changed after preliminary talks in Vienna ended Tuesday without finalizing whether OPEC's second- and third-largest producers will participate in production cuts .

Business

Pope Francis Sends Condolences over 'Sad News' of Castro's Death

Castro, whose 1959 revolution toppled a dictatorship with the promise of bringing justice and equality to his Caribbean island, was a major 20th century figure. Trump could easily review such measures. And last week, he named Cuba hard-liner and sanctions advocate Mauricio Claver-Carone to lead his transition team at the Treasury department.

Business

GB Energy Supply collapses Customers face rising gas and electricity bills

Energy regulator Ofgem will oversee the appointment of a new energy company to take on GB Energy's estimated 160,000 customers. Rachel Fletcher, Ofgem's Senior Partner for Consumers and Competition, says: "In any competitive market companies will fail, this is why we have procedures in place to ensure customers' energy supplies are always secure".

Business

Samsung considering split into two companies, share buyback

Elliott first proposed the split in October with the aim of boosting shareholder value. Calls for Samsung to split originated from Elliott Management, a USA hedge fund that has a 0.6 percent stake in the company. So far, Samsung's keeping mum about its intentions, but according to an unidentified source speaking to The Seoul Economic Daily , the company is considering it.

Business

Oil prices gyrate as OPEC heavyweights head to Vien

ANALYST'S TAKE: The latest developments suggest "cartel members may fail to agree on production cuts", said Nicholas Teo of KGI in a report. With only a few days to go before the Organization of the Petroleum Exporting Countries' (OPEC) Vienna meeting to ratify its oil cutback deal, and amid disturbing developments such as Saudi Arabia on Friday saying it will not attend a pre-meeting of non-OPEC members, the cartel is understood to have been focusing its diplomatic efforts on Russian ...

Business

Elliott discloses stake in Cognizant, urges changes

TEANECK, NJ - JANUARY 14: Francisco D'Souza is the president and CEO of Cognizant and was part of the team that founded the Nasdaq-100 company in 1994. He holds Accenture out as a model performer for Cognizant to target. The company had Year Ago Sales of 3.23 Billion. The current assessment forCognizant Technology Solutions Corporation (NASDAQ:CTSH) Business Software & Services on its PE ratio displays a value of 20.83 with a Forward PE of 14.56.

Business

Numis Securities Ltd Reiterates "Buy" Rating for Mothercare plc (MTC)

The legal version of this piece of content can be read at http://sportsperspectives.com/2016/11/28/3i-group-plc-iii-price-target-raised-to-gbx-795/. The firm presently has a "hold" rating on the stock. This represents a yield of 0.94%. If you are reading this news story on another website, it was stolen and republished in violation of global copyright and trademark law.

Business

Hoosier drivers enjoying fourth straight year of lower gas prices

The lowest gas in the state can be found in the Benton Harbor area at around $2 per gallon, and the highest in the Marquette area at $2.14 per gallon. After three straight weeks of declines, gas prices are starting to inch higher. The continuing price drop is tied to the sliding price of oil. The only increase was 5 cents per gallon in 2013, Laskoski said.

Business

Clinton joining vote recount appears to test fragile truce with Trump

The number "45" on the side is likely a nod to Trump's forthcoming inauguration as America's 45th president. In none of the tweets did Trump point to any evidence of voter fraud to account for his claim and no other evidence of his assertion has emerged since the election.

Business

15 millions Britons set to head online for Cyber Monday bargains

According to Adobe, about $1.2 billion of that spending was made via mobile devices. In what has been predicted as the last blowout before inflation takes its toll on the retail sector, spend on Black Friday was expected to beat all previous records with 14 million shoppers dishing out £1.97 billion.

Business

James Harden Torches Portland With 38 Points and 10 Assists

Led by James Harden's 28.3 ppg (5 in the NBA), five players are averaging in double figures for the Houston Rockets. They finished the night with 17. There was no update on the status update for Al-Farouq Aminu, who has a strained left calf. Ed Davis started in his place against the Rockets. McCollum led all scorers in the first half with 19 points and the Blazers led 66-57.

Business

US Thanksgiving, Black Friday store sales fall, online rises

In-store visits dropped a combined 1 per cent during the two days from a year earlier, said ShopperTrak, a retail data provider, in a separate statement. This year the calendar means December 17 is the big contender, says Craig Johnson, president of Customer Growth Partners. Online was bigger than expected on the Wednesday before Thanksgiving.

Business

Philip Morris International, (NYSE:PM), Square, (NYSE:SQ)

The growth estimate for MetLife, Inc. These analysts also forecasted Growth Estimates for the Current Quarter for PM to be 42%. For the current quarter the stock has a lowest EPS estimates of $1.1 and high estimate of $1.19. With price target of $103.56 and a 8.54% rebound from 52-week low, Philip Morris International, Inc . has plenty of upside potential, making it a hold with a view buy.

Business

Cuba's strides under Castro offset by decades of repression

Government sources on Sunday night said that no Minister was likely to travel for the funeral, but that Ireland would be represented by the Ambassador to Mexico, Sonja Hyland, who is also accredited to Cuba. Conway blasted him as a dictator responsible for "60 years of oppression". Trump, during his election campaign, did little to flesh out the rather vague contours of his Cuba policy.

Business

Throngs to pay homage to Cuba's Fidel Castro

As of Sunday, though, the White House had not said whether anyone from the USA government would attend. Ted Cruz (Texas) and Marco Rubio (Fla.). All across Havana on Saturday night and Sunday morning, Cubans seemed quieter, more cautious, less certain of what the future might hold.

Business

Asian stocks mixed ahead of OPEC meeting

Japan's Nikkei 225 closed down 0.1% and Australia's S&P/ASX 200 was off 0.8%, while Hong Kong's Hang Seng Index finished up 0.5%, largely thanks to news over the weekend of the imminent launch of a trading link with Shenzhen. The US currency was down 1.3 per cent at 111.650 yen following a rise to an 8-month high of 113.900 last week. Currencies will also have Friday's U.S.

Business

Pay 50% Tax On Unaccounted Deposits, Or 85% If Caught, Says Government

With the introduction of an Income Tax Amendment bill in Parliament today, the government has proposed a new income disclosure scheme under the name of the Pradhan Mantri Garib Kalyan Yojana 2016 and simultaneously proposed plugging certain loopholes in the Income Tax Act which could have been exploited by black money holders.

Business

Reader's view: Robinson still doesn't get why Trump won election

But heavy lifts remain. This contrasts with the 1990s, when a group of party activists consciously rebuilt the party to appeal to middle-class Americans. There was no way a Republican presidential nominee would get behind one. They aren't planning all-out partisan war, at least not yet. Since they were unable to regain the majority in the U.S.

Business

Tata Steel nearing £100 million sale of Speciality Steels business

The company has put an enterprise value of 100 million pounds ($124.3 million) on the speciality operations, which employ about 1,700 people and include sites in Britain and China, it said in Monday's statement announcing the agreement to hold exclusive talks.

Business

Oil slips as OPEC fails to resolve Iran, Iraq production levels

Brent for January settlement dropped 32 cents, or 0.7%, to $48.80 a barrel on the London-based ICE Futures Europe exchange, a $1.16 premium to WTI. The deal's success hinges on an agreement from Iraq and Iran, which may not give a full backing, three OPEC sources said Tuesday.

Business

Ravindra Jadeja, Jayant Yadav Help India Build Healthy Lead in 3rd Test

Shami had Rashid caught behind and then trapped Gareth Batty lbw. Marais Erasmus turned the appeal down. His innings was studded with eight fours off 81 balls. He did not field during India's innings, but batted in the nets on three occasions on Monday. The script looked a lot different earlier in the final session.

Business

Hamburg & Duesseldorf : Lufthansa scraps 900 flights Thursday as pilots extend strike

This is the 14th strike pilots for the German carrier have gone on amid a long-running pay dispute, Reuters reports , and this time around, it will affect about 100,000 passengers flying out of German airports. The airline has booked about 4,000 hotel rooms in Frankfurt and Munich, and set up around 400 folding cots at Frankfurt airport for passengers who can't leave its terminals due to visa restrictions.

Business

Lufthansa pilots extend strike to Friday, grounding short-haul flights

The Cockpit union initially called members out on a 24-hour strike Wednesday. The German company launched a late legal challenge in order to stop the strike from going ahead, but a labour court in Frankfurt rejected the airline's appeal. Austrian and SWISS are using larger planes to carry passengers during the strike, while Lufthansa has reserved nearly 4,000 hotel rooms in Frankfurt and Munich for stranded passengers.

Business

US shoppers spend less over holiday weekend amid discounting

Although the sales using smartphones and other mobile devices have registered revenue worth $1 billion for the first time, Wal-Mart and Target have revealed that around 60 percent of their product orders have been received from mobiles. consumers remain wary about opening their wallets without deep discounts . "I think they're paying attention to online sales", she said. Amazon said Thursday-Friday sales would top a year earlier, but that's not really a surprise.

Business

Twenty-First Century Fox Inc. (FOX) Short Interest Down 28.9% in November

FOXA has been the subject of a number of other reports. Cacti Asset Management LLC increased its stake in shares of Twenty-First Century Fox by 1.2% in the second quarter. TheStreet has upgraded Twenty-First Century Fox Inc (NASDAQ:FOX) to Buy in a statement released on 11/21/2016. With an institutional ownership near 0%, it carries an earnings per share ratio of 1.24.

Business

Oil Prices Slump As Market Unsure Of An Output Cut Deal

A meeting between OPEC and non-OPEC producers was originally due to be held on Monday this week, but it was called off after Saudi Arabia declined to attend; Falih said on Sunday this was because no agreement within OPEC had been reached so far.

Business

Russia will still attend OPEC preparatory talks on Nov. 28

Officials from Kremlin and other non-OPEC nations will meet with the group in Vienna on November 28. The Iranian semiofficial news agency Mehr published an editorial on Sunday accusing Saudi Arabia of declaring a new "war on oil prices" and reneging on its promises to limit output.

Business

Oil prices fall over doubts of planned crude output cut

Members of the Organization of the Petroleum Exporting Countries are due to meet on Wednesday in Vienna to discuss capping production. Algerian Energy Minister Nouredine Bouterfa has been meeting Iranian and Iraqi officials for more talks.

Business

Thanksgiving Day Shopping Is Here To Stay -- With Some Tweaks

The shopping bonanza is to run right through until Cyber Monday so it's the flawless time to snatch up that Christmas gift a little early. " Currys offered thousands of deals on leading brands over Black Friday in 2015 and this year's event is set to be even bigger".

Business

Five deals to look out for this Black Friday

Have embedded links so if you click on the images they will take you the website offering the Black Friday deal . If you are ready to find the best deals possible this Black Friday , here is what you need to do. Many retailers now use digital apps or emails to keep in touch with customers. Which? said it also believed AO and Currys could have broken advertising rules in relation to "numerous" examples of offers that appeared to inflate the "was" price to make deals look more ...

Business

PM slams Oppn for bandh call,asks people to switch to e-wallet

Only two per cent of people in the country undertakes cashless transactions. Talking to reporters, Goel said, "One man is determined to clean the nation and make it free from black money and corruption but few parties and their leaders with vested interests are hell bent to create problems for the government and safeguarding the corrupt".

Business

Global economic agency urges more infrastructure spending

On the global economy, the OECD said the world was still languishing in a "low-growth trap". The agency forecast growth to reach 3.6% in 2018. The OECD now expects the global economy to expand 3.3 percent next year, up from a 3.2 percent growth forecast in September.

Business

Thanksgiving weekend shoppers spent less due to discounts

Around 14 million British shoppers were predicted to go on a record-setting £1.97 billion spending spree on Black Friday, with more than half spent on the internet. Meanwhile, mobile shopping saw its biggest day ever, accounting for $1.2 billion in revenue - a 33% jump compared to 2015. The online-retail powerhouse is discounting 4K TVs by as much as $2,203 and slashing prices on all its original products including Kindles, Amazon Echo and Fire TV.

Business

Samsung to Unveil New Shareholder Return Policy by This Week

If this restructuring process is successful then the deal would also involve paying a $26 billion special dividend, pledging to return at least 75 percent of free cash flow to investors. Along with these, it should agree to appoint some independent directors. Since his father was admitted to hospital, Jay Y Lee has been taking all major decisions for the vast conglomerate, which includes Samsung Electronics .

Business

Detroit Man Charged With 1st-Degree Murder in Police Officer's Death

Davis was charged with first-degree premeditated murder, possession of firearm while in commission of a felony, murder of policeman or corrections officer, possession of a firearm while in commission of a felony, possession of a firearm by a felon and possession of firearm while in commission of a felony.


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