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Business

Jim Delligatti, creator of the Big Mac, dies at 98

He helped many employees become franchise owners and was also involved in Pittsburgh-area charities. With its trademark double beef patties, lettuce, cheese, pickles, onions and pale orange sauce, Delligatti's creation would gain a special place in McDonaldland lore in the 1970s as "Officer Big Mac ", an anthropomorphic authoritarian entree.

Business

The jobless rate falls, for all the wrong reasons

Bureau of Labor Statistics reported Friday . The data release was the final one to come before the Federal Reserve's December 13-14 meeting, where the central bank may announce its first rate increase in a year. The unemployment rate fell to levels not seen since August 2007 , before a bubble in the USA housing market began to burst. Despite job growth, average payout per hour declined by 3 cents to $25.89.

Business

Putin Calls To Repair Relationship With US

The Russian president said this during his annual state of the nation address on Thursday. Putin said his country does not "want" or "need" any confrontation in the speech at the Kremlin, the state-owned TASS news agency reported. Trump however, has praised Putin's leadership and said he will improve relations with Russian Federation. "President-elect Trump noted to President Putin that he is very much looking forward to having a strong and enduring relationship with Russia and the ...

Business

Nokia and Hewlett Packard Enterprise expand collaboration on Enterprise of Things

The stock has relative volume of 1.20. Hanlon Investment Management Inc. now owns 276,636 shares of the company's stock valued at $5,054,000 after buying an additional 44,500 shares during the period. The mean price target for the equity is at $23.82 while the highest price target suggested by the brokerage firms is $28.00 and low price target is $13.00.

Business

DirecTV Now Streaming Service Available for Cheap on November 30

HBO is traditionally $15 a month through bundled TV services or its own HBO NOW streaming service, but AT&T did not characterize this in the announcement as a promotional price. AT&T is taking advantage of this by launching new video streaming services namely FreeVIEW , Fullscreen , and DIRECTV NOW . It offers many popular major channels and networks you'd expect to see in a traditional TV package, and is available on multiple platforms.

Business

BlackRock's Rieder adds exposure to European banks ahead of Italy vote

Even more alarming, the gap between Italian 10-year bond yields and benchmark German bunds has widened to 186 basis points (1.86 percentage points), compared with 97 basis points at the start of 2016. Italian banks hold some 360 billion euros ($381 billion) of bad loans, roughly 40 percent of all bad loans across the euro zone. Clearly any banking crisis could trigger selling on the financial and stock markets, too.

Business

Ottawa REDBLACKS win 104th Grey Cup in overtime

Mitchell threw three interceptions for the Stampeders. He said that he'll take the off-season to decide if he will return. So it was like, guys, we've been in this position before, lets go out and be exactly who they thought we were - the team who nobody gave respect but all we ever did was win when it mattered most.

Business

Samsung to raise dividends, may split

Samsung said in the statement that it's now undertaking a review, expected to last at least six months, to determine the "optimal corporate structure". Investors and analysts have long viewed such a split as a way for Lee family scion Jay Y. Lee and his two sisters to boost their control of South Korea's top conglomerate, the Samsung Group.

Business

Most Of Airline Stocks Remain In Green After Delta Air Lines, Inc

Other large investors have also recently modified their holdings of the company. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Delta Air Lines during the second quarter valued at $124,000. On average, equities analysts predict that Delta Air Lines will post $5.70 earnings per share for the current fiscal year. This represents a $0.81 annualized dividend and a dividend yield of 1.70%.

Business

Russian central bank said it was victim of attempted cyber heist

Also the Bank of Russian Federation confirmed the heist to CNN . Central bank official Artyom Sychyov said in a public briefing that hackers previously wanted to steal approximately 5 million rubles, but the bank's security team managed to partly block the attack and reduce damages to 2 million rubles.

Business

Tacoma officer killed in shooting was 'model police officer'

Police were unaware during most of the standoff that the man in the house was Johnson and that they'd received an "officer safety" bulletin about him weeks ago. She barricaded herself in the bathroom during the shooting and escaped. "And he demonstrated that every day that he came to work", Ramsdell said. The officer was fatally shot while on duty two days prior.

Business

Rally At Cleveland Airport Part Of Nationwide Day Of Action

The protestors said this rally was in solidarity with workers in New Jersey and across the country who are still fighting. Striking workers are protesting in Kansas City for a higher minimum wage as part of rallies nationwide. Airport workers said they didn't want to strike the day before thanksgiving during the busiest travel day. Why? "All these people don't have savings because we're working check to check", Cabral said.

Business

Italian Banks On Edge Ahead Of Vote

Polls now suggest the Italian referendum, supported by Prime Minister Matteo Renzi, is likely to be voted down. He has threatened to resign if the reforms were voted down in the referendum. Opinion polls can not be legally published in the final two weeks of campaigning, but the last 40 surveys released before the November 18 cut-off showed the "No" camp ahead by up to 11 percentage points.

Business

Trump's dilemma: slower job growth or rising rates and inflation?

One factor behind the new lower number was the continuing refusal of the labor-participation rate to improve. "With the USA presidential election suspense now behind us, it is Yellen's rhetoric which will be of most interest to investors as they look ahead at what to expect in the new Trump era next year".

Business

Carrier Corp. Offered $7M In Incentives To Retain U.S. Jobs

Vice President-elect Mike Pence waves to workers as he leaves following a speech by President-elect Donald Trump at Carrier Corp Thursday, Dec. 1, 2016, in Indianapolis . Everyone-even the Obama White House-is hailing the move as a great political victory, and in the short term it is for those Indianapolis workers, who make more than $20 an hour on average.

Business

Trump's Pennsylvania lead shrinks as counties wrap up counts

Only Menominee County, home to the Menominee Indian Reservation, fully reported its recounted results on the first day. Even Michigan's Attorney General Bill Schuette petitioned the Michigan Supreme Court on Friday asking it to intervene and stop the recount , calling it "frivolous and expensive".

Business

Michigan GOP Leader Calls On Clinton To Stop Jill Stein's 'Temper Tantrum'

Michigan's presidential election results were certified by the Board of State Canvassers at a meeting on Monday. They deadlocked along party lines Friday, which meant the recount would proceed, but then the lawsuits started flying. Alex Halderman, claimed to have uncovered "persuasive evidence" that the election results in the three battleground states could have been hacked. Green Party candidate Jill Stein filed suit against state election officials in federal court in Detroit late ...

Business

Italian banking stocks drop further ahead of country's crucial referendum

Italy's FTSE MIB suffered the heaviest losses, down 1.5% as bank stocks slumped amid concerns the referendum on constitutional reform could precipitate the fall of Prime Minister Renzi's government. When Renzi unveiled the constitutional reform in 2014 some 70 percent of Italians supported it, and in a fit of over-confidence that he now accepts was a bad mistake, the youthful premier tied his political future to the project.

Business

Markets Right Now: Dow surpasses 19000 for first time

The blue-chip index added more than 60 points to close at 19,023 points, finishing beyond the 19,000 level for the first time in history Meanwhile the S&P 500 ticked up 0.2% and the Nasdaq added 0.3%. It slipped Monday but has been trading around 13-year highs. The broader market's momentum has also been fueled by gains in the energy sector, which saw oil prices rally almost 4% in the prior session.

Business

Unemployment Drops To Its Lowest Point In More Than Nine Years

That's the lowest rate that economic measure has been since August 2007 , and is near what the Federal Reserve calls full employment . Incorporating revisions that lowered September and October's tallies by 2,000 jobs total, job gains have averaged 176,000 over the past three months and 180,000 for the year so far.

Business

Shoppers flood Valley View Mall on Black Friday

The board games are priced right this year. This made-up holiday was created to encourage shoppers to purchase goods from e-commerce sites once they had returned to their offices after the holiday weekend and had access high-speed internet.

Business

Giants vs. Steelers Prediction, Preview, Spread, Channel

This is only the third game in the series in Pittsburgh since 1991. Despite their success, NY has yet to prove that they are among the league's top teams. Pittsburgh's last win came this past Thursday 28-7 in Indianapolis . The trio including Rivers will very likely finish in the Top 10 all-time in career passing yards and touchdowns (Manning is already there).

Business

Samsung May Split Company in Two to Allay Investor Concerns

Samsung Electronics said that it would take at least six months to analyse the option. The announcement came shortly after Samsung's board of directors held a meeting earlier in the day, amid growing calls to improve shareholder value. Investors have said that Samsung shares trade at steep discounts to global peers due to its complex ownership structure, poor corporate governance and inefficient cash management.

Business

Consensus on most issues, says Arun Jaitley after GST Council meet

Several state finance ministers, he said, demanded relaxation in the Fiscal Responsibility and Budget Management (FRBM) norms as well as an increase in Ways and Means Advances to deal with their public finances. Speaking today, Indian finance Minister Arun Jaitley has opined that India will no longer see traditional cash numbers after the sweeping ban to render 86% of all cash in circulation obsolete, overnight, in early November.

Business

Parliament: Opposition seeks PM Modi's apology on black money comment

Her demand found an immediate echo in Congress leader Ghulam Nabi Azad. Hitting out at those accusing the government of not being prepared for demonetisation, Prime Minister Narendra Modi said they are actually pained that they themselves did not get time to make any preparation.

Business

Trump's Defense Pick Challenges Rules Regarding Civilian Control Of The Military

The problem is he has only been retired from the military for three years. Trump, on the other hand, has insisted it was a disaster. Sen. Kirsten Gillibrand (D-N.Y.) on Thursday said she plans to vote against the waiver required for retired Marine Corps Gen.

Business

Veggies beef with BofE over animal fat in new plastic fiver

They are smaller and stronger, with more security features than their predecessors, with the aim of making them harder to counterfeit. Vegans across the United Kingdom are now up in arms over the otherwise-well-received £5 currency note that was released in September, after the Bank of England admitted on Twitter that traces of animal fat were used in the making of the note.

Business

Thanksgiving Shoppers Up, Average Spend Down

Shoppers spent an average of $289.19, down from $299.60 past year, the survey said. The survey found that 44 percent went online and 40 percent shopped in-store. "The U.S. election dominated the news cycle and the time people spent online and a lot of what we are seeing online is a condensing of that demand into a shorter time period", said Liza Landsman, chief marketing officer at Jet.com.

Business

Al Horford scores 26 to lead Celtics over Kings 97-92

He knocked down his shots. Jae Crowder added 16 points on 6-for-12 shooting and Avery Bradley hit the Kings for 15 points and nine rebounds. Sacramento continued to scrap until the end. "He's all over the place". He calls out calls. "One thing about Al - he's always in the stands". His arms are always long. "Hey, we're not a team that gets to the foul line a lot, we're not a team that rebounds at a high rate, and we haven't scored it in transition, so to be able to be sitting where we ...

Business

Ottawa Redblacks win CFL Grey Cup over Calgary Stampeders in OT

The result was a huge upset as the Stampeders were the heavy favourites to win after finishing the season atop the standings with 15 wins and just 3 losses. Ottawa head coach Rick Campbell agreed. But he got back up and completed 14 of his first 17 pass attempts for 116 yards and one TD as Ottawa built a 17-7 lead in the second quarter.

Business

Issa Calls James Mattis 'Finest Choice' for Defense Secretary

Trump continued his unorthodox ways Thursday night when he used a rally as the forum to announce his selection of his nominee for USA defense secretary. Trump's pick for Central Intelligence Agency director is former West Point graduate Mike Pompeo, although he isn't a recent military retiree. "Civilian control of our military is a fundamental principle of American democracy".

Business

Austria and Italian voters could plunge the European Union into crisis

With his career on the line, Prime Minister Matteo Renzi made a final appeal to Italians on Friday to support a crucial referendum to change the constitution, saying Italy could become Europe's strongest nation if it wins. Renzi, in typical grandstanding style, foolishly promised to resign if he lost, turning what could have been a little local difficulty into something that might mean Italy needs a new prime minister - unless he changes his mind.

Business

Economy Watch: Econony Adds 178K Jobs in November

Wages dropped. After hourly earnings increased 19 cents in September and October, the best rate of increase since 2008, wages feel by 3 cents in November cents in September, though for the year the increase remains at 2.5 percent. But longer-term problems persist - especially a stubbornly high number of men who are out of work and have given up looking. Fed officials largely believe that a 4.6 percent unemployment rate is lower than the US economy can sustain for any length of time without ...

Business

Flint water improving, but stick with filters

Lawson said simply handing out a water filters does not ensure they are effective in reducing lead content of drinking water to an acceptable level. Lawson added: "The motion to stay the preliminary injunction will be denied". On Monday, lawyers representing Flint residents urged the appeals court not to block the water-delivery order. Lawson's ruling is a response to a lawsuit that was filed in January, two years after the notorious 2014 water crisis took hold and left the City of Flint ...

Business

Trump May Personally Profit From Carrier Corporation Tax Break

It's not going to happen", Trump thundered. He also sounded notes of populism, saying that "for too long Washington has tried to put us in boxes; they separate us by race, by age, by income, by geography, by place of birth". This past February, United Technologies announced that beginning next year it would shut down two factories in IN run by its Carrier division, a manufacturer of air conditioners and heating equipment - one in Indianapolis employing 1,400 workers and another in ...


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