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Trump's Cabinet: 'Draining the swamp' or diving right in?

Trump announced the economic team nominations, along with that of Chicago Cubs co-owner Todd Ricketts as Ross's deputy, in a statement on Wednesday. This is a middle-income tax cut. Reconciling the two will be a major sticking point in any tax-reform negotiations next year. "Mr. Mnuchin is highly successful, and he's well-known in financial circles here", said Sung Won Sohn, an economics professor at California State University, Channel Islands.

Business

Ofcom to probe increase in landline prices

Ofcom found that elderly and vulnerable people, who make up a significant proportion of standalone landline customers in the United Kingdom, were particularly affected by price rises. Ars sought comment from BT. "For example our Home Phone Saver product and for vulnerable customers our BT Basic service, which costs just £5.10 per month".

Business

Guns fall silent, but tensions high between India, Pakistan

Amid tensed situation at LoC between India and Pakistan , Basit called for an end to hostilities and for the 2003 LoC ceasefire to be turned into a formal agreement. India has blamed Pakistan based terror outfit Jaish-e-Mohammad (JeM) for the attack. "The voice of the people and democracy is becoming stronger", Basit said.

Business

Oil prices surge on OPEC agreement

They agreed to trim production by 1.2 million barrels a day starting in January. Non-member Russian Federation will cut by as much as 300,000 barrels a day "conditional on its technical abilities", Energy minister Alexander Novak said in Moscow.

Business

Trump picks 'King of Bankruptcy' for Commerce

These appointments are quite different from the current regime. At the Treasury, Mnuchin will be in charge of financing the nation's debt . Ross will replace Penny Pritzker as the Secretary of Commerce. Mnuchin also made it clear that a tax cut for individuals would not wait until after an overhaul of corporate taxation, but would instead be part of the whole deal.

Business

Bristol Flooding: Storm Angus Submerges Cars After Torrential Rain

The first storm of Autumn 2016 is poised to batter London, the South and South East of England tonight and could cause disruption to commuters into Monday morning. The Met Office has issued warnings for today and tomorrow as heavy rain continues in southwestern England, northern England and Wales. The Met Office says the bad weather is caused by "a vigorous area of low pressure expected to move northeast across southern Britain on Sunday".

Business

Cadillac Returns To Prototype Endurance Racing After 14 Year Hiatus

Two teams are charged with piloting Caddy's new race cars. They're test beds for new technologies and endurance racing is where they face their sternest test. In this guise, the engine produces 600 horsepower with the restrictor plate mandated by IMSA regulations. In the race auto, it will crank out 600 horsepower and send all that miles per hour running power to the rear wheels through its hardy and race-worthy transmission.

Business

Winter Parking Ban Looms

Violators can face a $150 towing fee, a $60 ticket and a $20 storage fee charge per day of storage. Motorists can locate their towed vehicle using the city's online database . Officials at the Department of Streets and Sanitation say the ban is a precautionary measure that allows workers to salt and plow the city's main roads in the event of snowfall.

Business

Half of HIV infections are hidden

With more than 1 000 people becoming infected with HIV every day in South Africa we are in dire need of better HIV prevention options despite recent advances. Testing also remains low among men who have sex with men, sex workers, transgender people, people who inject drugs, and people in prisons - who together comprise approximately 44 per cent of the 1.9 million new adult HIV infections that occur each year.

Business

Chicken deal expands Pilgrim's Pride products, territory

Increasingly, major meat companies and restaurants are seeking to raise poultry on organic grain and without antibiotics to take advantage of the trend. CEO Bill Lovette said on a conference call that about 24 percent of the chicken Pilgrim's produces will be raised without any antibiotics "some time just after the first quarter of 2017".

Business

NewsAlert: Redblacks QB Henry Burris named Grey Cup most valuable player

Burris, who was named the game's MVP, threw for three touchdowns and ran for two more. An overtime touchdown by Ernest Jackson was the difference-maker for Ottawa, in a game that is being called one of the most thrilling Grey Cup matches in history.

Business

USA: Trump Nominates Secretaries for Treasury and Commerce

Rep. Michael McCaul, R-Texas, talks with reporters after a meeting with President-elect Donald Trump at Trump Tower, Tuesday, Nov. 29, 2016, in NY. Ricketts is one of the owners of the Chicago Cubs, the son of billionaire TD Ameritrade founder Joe Rickets, and brother of Nebraska governor Pete Ricketts.

Business

Four arrested after NCP supporters clash in Mumbai

They started raising slogans and soon it led to a heated argument between the two sides with several supporters throwing chairs around. Malik alleged that Dina Patil took out two pistols, and demanded his removal from the party. "My bodyguards and few on-duty police officials saved me and brought me outside safely", Mr Patil said. I have filed a complaint with the police in this regard.

Business

Oil prices move higher again after OPEC cut

Brent crude settled up $4.09, or 8.82 percent, at $50.47 a barrel. Across the board, the value of USA -based unconventional exploration companies jumped, with No. The high price extended to $49.90. "The market will no longer see a sudden plunge in oil prices", Seo Sang-young, a market strategist at Kiwoom Securities Co., said by phone from Seoul.

Business

Oil stocks lead TSX higher on news that OPEC reaches deal

A small increase in gasoline or even a bigger jump in heating oil, which is used in only 5 percent of American homes, won't affect shoppers if the economy does well, in the view of Michael Niemira, chief economist at The Retail Economist LLC, which does a weekly retail-sales report with Goldman Sachs.

Business

Ohio State attacker likely inspired by Islamic State, al-Qaeda

Abdul Razak Ali Artan , a Somali immigrant, was shot and killed by a police officer on Monday after he had injured 11 people by mowing them down by a vehicle and then slashing bystanders with a butcher knife. "If the legislation is introduced again, we will be positioned to probably put the same resolution together that we did several years ago", Dr. Sandra Pavelka, vice-president of FGCU's faculty senate, said Tuesday.

Business

Investors Spotlight:Berry Plastics Group, Inc.'s (BERY)

Berry Plastics Group (NYSE: BERY ) last released its earnings results on Tuesday, November 29th. However, the top line lagged the Zacks Consensus Estimate of $1.63 billion. Systematic Fin Management Limited Partnership has invested 1.19% of its portfolio in Berry Plastics Group Inc (NYSE: BERY ). The stock of Berry Plastics Group Inc (NYSE: BERY ) earned "Outperform" rating by Macquarie Research on Tuesday, November 10.

Business

Sarah Jessica Parker Is Opening Her First Boutique In This Unexpected City

She said: "I was like, "How can I do that?" 'On Instagram people tend to be more civilized. "And they can disagree and have objections, but I don't find it as mean-spirited a community". It's hard, because you want to give them freedom, but as a parent you have to be willing to not be liked by your child sometimes'. Another part of her public life the 51-year-old doesn't like to be involved with is Twitter.

Business

Inc. Cuts Stake in Abbott Laboratories (ABT)

A number of other hedge funds have also recently modified their holdings of ABT . When the current quarter ends, Wall Street expects Abbott Laboratories to have earnings per share of $0.65. The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. They now own 43.11 million shares or 0.25% more from 43.00 million shares in 2016Q1.

Business

Brokerage Firm Target Review on Cabot Oil & Gas Corporation (NYSE:COG)

At present, the Gross Margin for Encana Corporation ECA Major Integrated Oil & Gas is moving around at 63.60% alongside a Profit Margin of -40.80%. According to 25 analysts, Cabot Oil & Gas Corporation (NYSE: COG)'s revenue estimates for the current quarter are $367.51M meanwhile the company has high revenue estimates of $451.6M in contradiction of low revenue estimates of $307.33M.

Business

Fitch lowers India's GDP outlook to 6.9% for 2016-17

He said in his report, "Under these conditions, we revise our GDP estimate for the year to 7 per cent from 7.3 per cent earlier with a downside risk, depending on how fast normalcy returns to the economy on the currency front". The private corporate sector growth (which has a share of over 70% in the manufacturing sector) as estimated from available data of listed companies with BSE and NSE is 11.9% at current prices during Q2 of 2016-17.

Business

Zenefits fined $7M by California insurance regulator

He offered the remaining workers a chance to walk with severance if they didn't want to stay, fired other executives involved in the licensing issues, reorganized leadership and launched a new version of the company's main product. Zenefits agreed to cooperate with "any investigation and enforcement action that the department may pursue in connection with the conduct of Parker Conrad in this matter", the insurance department said in a legal document.

Business

Outstanding Analyst Ratings For Real Estate Investors (LON:RLE)

The stock began the session at $1.69 and the volume stood at 59,303 shares. Stock performance in last five sessions is recorded as 1.31% while year to date (YTD) performance is 12.77%. If you are reading this story on another publication, it was illegally copied and republished in violation of United States & global copyright law. The original version of this report can be accessed at ...

Business

Johnson & Johnson in early talks to buy drugmaker Actelion

The new products will lessen Actelion's dependence on Tracleer, its blood pressure medication for arteries within the lungs, which was responsible for more than half the company's sales a year ago. employees who left the Swiss drug firm after it decided not to pursue a project their group was working on, according to Actelion's website. This is not the first time a company has offered to buy the European independent biotech firm.

Business

Trump Treasury pick: Fannie, Freddie need to get out of government ownership

When the US housing market collapsed beginning in 2006, it crippled their finances and forced a taxpayer-financed rescue totalling $188 billion (150.27 billion pounds) to help thwart the disintegration of the USA financial system. Mortgage giants Fannie Mae and Freddie Mac were placed under federal government control in September 2008, during the global financial crisis. Any reform push for Fannie and Freddie will likely pit housing market advocates, who argue the two companies help keep ...

Business

Have an xHamster Account? You Might Want to Change Your Password

The database reportedly contained 30 accounts linked to various government bodies including the United Kingdom and the US, as well as 40 email addresses belonging to the US Army. Responding to the Motherboard report, xHamster claims no hack took place. This shocking breach doesn't appear to be a hoax as attempts have already been made to create new accounts using email details released in the leak.

Business

Asian markets mixed amid fears over oil, Italy's referendum

Brent crude, used to price worldwide oils, tumbled $1.20 to $47.04 in London . Oil prices surged Wednesday on expectations of a production cut from the OPEC cartel of producers. Yields on two-year Treasury paper have already hit their highest since early 2010 in anticipation, greatly fattening its premium over European and Japanese debt.

Business

Algerian Representative: Fidel Castro will Remain a Legend

Participants hold portraits of Fidel Castro during a rally honoring the late Cuban leader at the Revolution Plaza in Havana, Cuba, Tuesday, Nov. 29, 2016. Nelson Mandela, while he was still alive, repeatedly thanked Castro for his efforts in helping to weaken apartheid in South Africa. Thousands of Cubans were filing through a memorial in Havana's Plaza of the Revolution on Monday as the nation plunged into a week of services bidding farewell to the man who ruled the country for almost ...

Business

OPEC Deal Is Good News for High Plains Producers

The Organization of the Petroleum Exporting Countries started a closed-door session at around 1000 GMT with a news conference scheduled for 1500 GMT. OPEC will seek on Wednesday to defy expectations and finalise a deal in Vienna reducing its oil output for the first time in eight years in an effort to boost painfully low crude prices.

Business

Russia to send field hospital to Syria's Aleppo

Syrian rebels will not withdraw from eastern Aleppo, a rebel official said on Wednesday, indicating they plan to fight on against an intense assault by government forces that seized control of swathes of the opposition-held area in recent days.

Business

Trump sets plan to separate from his business, makes Treasury pick

Ethics experts have pushed for Trump to fully exit the ownership of his businesses using a blind trust or equivalent arrangement. Meanwhile, Mr Trump named Wall Street veteran Steven Mnuchin as his treasury secretary and investor Wilbur Ross as commerce secretary.

Business

Zacks Earnings Estimates: Union Pacific Corporation (NYSE:UNP)

Community Bank N.A. raised its stake in shares of Union Pacific Corp .by 41.9% in the second quarter. First PREMIER Bank now owns 29,424 shares of the railroad operator's stock worth $2,568,000 after buying an additional 588 shares in the last quarter.

Business

Stocks end mostly lower, despite gains in banks, oil

The agreement to cut production for the first time in eight years reverberated through financial markets, lifting prospects for countries whose finances have been ravaged by the oil crisis. USO, one of the most heavily traded commodities exchange traded products, is particularly in focus for short sellers that are expecting OPEC to disappoint.

Business

Labor abuses found at Indonesian palm plantations supplying global companies: Amnesty

In a 148-page report titled, The Great Palm Oil Scandal: Labour Abuses Behind Big Brand Names , Amnesty International documents operations at palm oil plantations and follows the supply to corporations and brands. "It is hard to carry it, it is heavy", the boy is quoted as saying. Peter Frankental, Amnesty's Business and Human Rights Programme Director, said: "Using mealy-mouthed excuses about " traceability " is a total cop-out from these companies".

Business

Carrier says deal reached with Trump to keep 1k jobs in Indiana

He publically targeted Nabisco, the maker of Oreos, after it cut some Chicago-area jobs amid plans to move some of its production to Mexico. "United Technologies is a enormous worldwide company with many different divisions and subsidiaries, many of which do substantial amounts of business with the USA government", said Mutz, a former in lieutenant governor.


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