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Business

Trump vows to withdraw from TPP on day one

U.S. Trade Representative Michael Froman, in an interview with Agri-Pulse this week, said it doesn't look like there will be a vote. "Losing the largest economy in the world in the TPP - the country that drove the process to a successful conclusion - losing them as a partner, it is like losing Wayne Gretzky on your hockey line", Mr.

Business

Saudi urges OPEC to cut output to 32.5m bpd

Members of OPEC are "all hands on deck" to reach an agreement by the group's November 30 meeting, Secretary-General Mohammed Barkindo said in an interview in Marrakech, Morocco, on November 15. However, he said that oil prices are likely to strengthen next year when some production cuts are expected by some OPEC members coupled with production declines outside the cartel because of slowing investments.

Business

United States businesses cheer overtime ruling, many already upped pay

So, the new rule would have doubled the threshold for salaried workers to be eligible for mandatory overtime pay from less than $24-thousand to more than $47 thousand. His office said the rule would have hurt businesses far too much. "I think they must have been confused in the economics of this because a simple lesson shows that you can't just require businesses to pay their workers more", Greszler contended.

Business

Court blocks federal plan to expand overtime pay

A Texas judge has halted enforcement of a new rule that would qualify millions more workers for overtime pay, finding the Labor Department exceeded its authority in increasing the minimum salary level for eligibility. " We strongly disagree with the decision by the court, which has the effect of delaying a fair day's pay for a long day's work for millions of hardworking Americans ".

Business

Watchdog warns 'bumpy' Brexit could mean rougher times for United Kingdom economy

Net migration to Britain during that period was 327,000 people, and if Britain had voted to stay in the European Union, the OBR would have forecast migration to continue at this rate. The British economy has remained resilient since the referendum, even as a cut in the Bank of England's main interest rate to a record low of 0.25 per cent has contributed to a slump in the pound.

Business

Shoppers elect to shop local on 'Small Business Saturday'

The National Federation of Independent Business and American Express says more than 95 million people shopped at small business on this day last year, which is up by 8 percent from the year before. A local family enjoyed discovering downtown together, saying there is an important reason they choose to shop small. Hundreds of people visited downtown Knoxville to get a head start on their holiday shopping and support the number of local businesses in the community.

Business

Deals offered for days, so will shoppers buy on Cyber Monday?

Retailers across Canada and the US are getting ready for Cyber Monday, not sure if it will be as busy this year as it has been in the past. - Your Cyber Monday orders are born on your computer. Black Friday wasn't even over before Walmart was promoting its Cyber Week deals on its website. According to the National Retail Federation , more than 122 million Americans will take part in the shopping experience, largely recognized as one of the biggest online shopping days of the year.

Business

Make sure your Cyber Monday shopping is safe

While online sales are morphing Black Friday into more of a cyber-themed event, it's the promotions and deals that will have consumers paying attention on Cyber Monday, according to Prosper's principal analyst Pam Goodfellow. The phrase was coined in 2005 to encourage online buying when people returned to offices where they had high-speed internet connections. Black Friday alone contributed a record $3.34 billion in digital sales , increasing 21.3% from a year ago.

Business

Cyber Monday tips to protect your identity and back account information

Online shopping may be convenient, but it can open up your personal information to online hackers. "Everyone does have down time-that actually keeps them in the office, from leaving early or taking a day off to go shopping". This applies to desktop computers, laptops, tablets, and mobiles - if you surf the web on a device that is not upgraded you will inevitably be at risk of cyber attack and fraud.

Business

Black Friday, Thanksgiving Day sales break online sales records

To Bishop, the convenience of online shopping is worth more than finding the best deal. So it was proposed to the retailers to transfer the products they haven't sold online, so the people could come to work on Monday and be surprised they could still purchase the things they liked.

Business

Oil prices retrace losses but doubts remain over OPEC output deal

But Russia is reportedly not willing to reduce its output, only keep it at its present levels. Not getting a deal "could be the end of OPEC", energy analyst Alexandre Andlauer told AFP. "Oil prices have fallen considerably on worries about the deal". Today, energy ministers of Algeria and Venezuela will try to conclude an agreement with Russian Federation in Moscow to cut oil production.

Business

Even with holiday creep, Black Friday a big shopping day

On Thanksgiving Day, folks spent $1.9 billion on online deals, according to Adobe, up 12% from previous year. "If it were up to me, I would be in my pajamas and on my computer at home". "I do most everything online now", Tate said. "The prices, you know, come down for people like me ..." Retailers are also increasingly making available online the type of door-buster deals typically reserved for store locations on Black Friday.

Business

$3.34 billion spent online on Black Friday, new record

All told, the National Retail Federation projects that shoppers will spend $655.8 billion in November and December. Shoppers hunted for bargains both online and at stores on Black Friday, putting the retail industry on track for what it hoped would become a record sales weekend.

Business

Exxon Mobil Corporation (NYSE:XOM) Sets Foot in Liberia

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 4 selling transactions for $4.22 million net activity. 06/02/2016 - Exxon Mobil Corporation was downgraded to "neutral" by analysts at Bank of America Merrill Lynch.

Business

Trump reveals 2 more staff appointments

Election officials estimate the effort will cost up to $1 million. Along with providing guidance on ethics issues, the White House Counsel's office advises the president on the legality of proposed executive orders and legislation passed by Congress and vets potential administration appointees, including Supreme Court justices.

Business

Dictionary.com's word of the year is 'xenophobia'

Some of the most prominent news stories this year have centered on fear of the "other" – the Brexit vote, police shootings, Syria's refugee crisis, transsexual rights, and the USA presidential race, leading Dictionary.com to pick “xenophobia” as its word of the year.

Business

Dakota Access Pipeline protesters gather in NY

Calling themselves "water protectors", they gathered outside offices of the U.S. Army Corps of Engineers, which granted permits for the pipeline in July, but subsequently said more analysis was needed to address concerns raised by the Standing Rock Sioux Tribe.

Business

Reliable stocks in today's share market: Coca-Cola European Partners Plc (NYSE:CCE)

Annex Advisory Services LLC now owns 4,955 shares of the company's stock worth $225,000 after buying an additional 629 shares in the last quarter. 06/01/2016 - Coca-Cola Enterprises, Inc. During last trade, its maximum trading price was registered $33.82 and it's the minimum trading price was noted $33.33. The Stock had a 2.5 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.35 and 2.35 respectively.

Business

Hartford Financial Services downgraded to Mkt Perform By FBR & Co

Also, CEO William S. Demchak sold 179,809 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has "Neutral" rating given on Wednesday, November 16 by Bank of America.

Business

Eli Lilly Alzheimer's drug fails in clinical trial

Outgoing Eli Lilly CEO John Lechleiter told CNBC on Wednesday that solanezumab's failure is a disappointment for Alzheimer's sufferers, but the company has other potential treatments for the disease in the pipeline. Winding down solanezumab has Eli Lilly expecting to take a pretax fourth-quarter charge of approximately $150 million, or approximately $0.09 per share after taxes.

Business

Lawyer asks Wadia to withdraw his allegations against Tata Sons

Wadia , who is independent Director on the Boards of Tata Steel and Tata Chemicals, also demanded an "independent investigation" into the allegations made by Tata Sons. "It is denied that anything stated in our Special Notice was meant to or has caused damage to your reputation as a professional or has caused irreparable injury, as alleged or otherwise", the letter stated.

Business

Withdraw legal threats, they are defamatory: Tata Sons lawyer to Nusli Wadia

In a statement filed with the stock exchanges, Tata Steel said, "The board of directors through circular resolutions dated November 25, 2016 passed by majority consent, has made a decision to replace Cyrus P Mistry as chairman of the board with immediate effect and elected O P Bhatt, an independent director as the chairman of the board".

Business

Eden Hazard says Man City and Liverpool are Chelsea's title rivals

A point now separates the Reds from Chelsea at the league's summit and Hazard concedes that the Anfield club can not be discounted from contention. "If we want to be there at the end, then we have to finish above them", Hazard told British media when asked which teams Chelsea will need to be most wary of in the title race.

Business

Rosberg still needs to up his level to be among F1 greats

Hamilton, the first driver to win 10 races without taking the title, was left facing unimpressed bosses despite securing the team's record 19th win in 21 grands prix. Hamilton stood in the corner sipping water as Vettel himself a four-time F1 champion smiled and congratulated Rosberg. The tactic did not work as Hamilton fell five points short, despite winning the race with Rosberg second, and he now faces censure from Wolff, who is weighing up his next move.

Business

Rosberg didn't think Hamilton would back him up

Dutch teenager Max Verstappen spins out after a slight bump, temporarily dropping the Red Bull driver into last. The frosty atmosphere between the Mercedes pair as they waited for the podium ceremony spoke volumes, with Rosberg hoisting the sport's 86-year-old commercial supremo Bernie Ecclestone into the air but ignoring Hamilton.

Business

Oklahomans show support for Small Business Saturday

One business owner in OR says Small Business Saturday makes up a majority of sales for the year. "It's always nice to be able to support the local businesses and then get out and talk to people and sell your book", said Paul Shea, an author participating in the Country Bookshelf book signings on Small Business Saturday.

Business

Britain cuts economic growth forecasts

Hammond said the Office for Budget Responsibility forecast growth of 1.4% in 2017, down from the previous figure of 2.2%. Britain's economy has so far largely withstood the shock of the Brexit vote, wrong-footing the Bank of England and nearly all private economists who expected a bigger immediate hit.

Business

US Black Friday: More shoppers but less spent per head

Some reasons, Field said, are fewer store openings on Thanksgiving Day and online shopping. The federation's survey seems to reflect that: About 23 percent of respondents said they hadn't started their holiday shopping yet, compared with 19 percent past year.

Business

Samsung Electronics Shareholders have backed Elliott plans of split and manage

The board at Samsung said last month that it would "carefully review" the shareholder's proposal - the company has now scheduled a conference call for 9.30am local time on 29 November. While neither Samsung or the Lee family that owns a major stake in the Samsung Group have commented on restructuring plans, the conglomerate has revived reorganisation plans after Jay Y Lee took over the reins from his father and Samsung patriarch Lee Kun-hee, who was incapacitated following a May 2014 heart ...

Business

What to know about the future of Obamacare

Jim Welch, D-West Springfield, co-chair of the Legislature's Joint Committee on Health Care Financing, said similarly, "My belief is that MA will continue on the path that we're on, even if there are changes on the federal level". In public opinion polls , majorities, including about half of self-identified Republicans, favor expanding Medicaid and subsidizing private health insurance for those who can not afford it, two of the major underpinnings of health reform.

Business

Trade body says Boeing was offered illegal tax breaks

An incentive cutting a state levy on gross receipts by 40 percent is a prohibited subsidy that must be removed, a three-judge panel found Monday. Bob Novick, an outside counsel representing Boeing , criticized the rationale behind the decision to strike down the Washington state Business and Occupancy (B&O) tax rate as wrongly concluding that the law favored the domestic manufacturing of goods because Boeing had not imported the wing for the 777x as it had for the 787 plane.

Business

Trump to Scrap TPP on First Day in Office

He duly promised this week to declare a withdrawal from the TPP - a vast, arduously negotiated agreement between 12 countries that does not include China - on his first day in office. "What I can say with confidence is that we in Chile will not remain passive". According to Reuters , Shinzo Abe, the Japanese Prime Minister, said TPP "would be meaningless without the United States".

Business

Crude oil losing positions before OPEC meeting

In fact many such as Libya and Nigeria are seeking to actually increase production from where it is now. Iranian Oil Minister Bijan Namdar Zanganeh will leave Tehran for Vienna on November 29 to participate in the 171st session of the Organization of the Petroleum Exporting Countries (OPEC), SHANA news agency reported.

Business

Stocks Fall After Record Run as Consumer Companies Slip

Oil prices slip on doubts on production cut deal this week * USA bond yields, dollar fall from highs * Battered emerging markets win reprieve * Italian banking shares drop 3 pct on political worries * Graphic: World FX rates in 2016 By Marc Jones LONDON , Nov 28 ( Reuters ) - The dollar saw its biggest drop in nearly a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the us ...

Business

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 .


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