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Bernie Sanders Responds to Trump's Carrier Deal

While speaking about Carrier, a brand of United Technologies Corporation, he said that if they moved jobs to Mexico major taxes will be levied on the products when they make their way back to the United States. The elated workers at the factory cheered his remarks. Trump revealed to Carrier workers that despite his promise to keep jobs there, he hadn't really been talking about that particular factory.

Business

Renzi rallies as Italy referendum battle heads to wire

To transfer some powers now held by local and regional authorities to central government, and to abolish a government policy body. If successful, it will reduce the influence of the Italian upper house (Senate), eliminate some layers of administration and re-allocate some autonomy from regional governments to the state.

Business

Samsung considers company split to appease investors

Samsung Electronics (SSNLF) refused to commit to demands from a powerful activist shareholder to overhaul its complex structure and broaden the reach of its listed shares Tuesday as questions surrounding competence and corruption at the highest levels in South Korea continue to test investor faith in Asia's third-biggest economy.

Business

Iran: Oil prices to surpass $50 per barrel

The agreement reached Wednesday allows Iran to ramp up production by 90,000 barrels a day to just below 3.8 million barrels a day. Tehran had insisted on keeping its production near 4 million barrels a day, which is the amount it was pumping before sanctions were imposed.

Business

OPEC Reaches Deal on Oil, Futures Soar (XLE, UCO)

Because the new OPEC agreement was such a big deal, we've made a new oil price prediction. For the first time since 2008 the cartel members managed to put their political conflicts aside and strike a deal that benefits their economic agenda by reducing output 1.2 million barrels a day starting January 2017 for six months.

Business

Voters leery that President-elect Trump will mix business with governing

The Presidency is a far more important task!" he said . "Mr. Trump has exhibited a shocking level of disdain for legitimate bipartisan concerns about his conflicts of interest", the letter said. It also remains unclear whether Trump, as he has offered before, will only hand over the company management to his children, which critics says cannot curb widespread worries that the business will influence his decisions in the White House.

Business

Bank of England notes £5 fury and aims to go vegan

The central bank added in a statement that its supplier Innovia is "working intensively... towards potential solutions", suggesting the Bank is trying to make the notes free from tallow, the animal fat now used in the production process. Doug Maw, a 47-year-old vegan who started the petition , said the use of tallow was "incredibly disrespectful". Tallow is a rendered form of beef fat that is solid at room temperature.

Business

Del Potro heroics force Davis Cup decider

Del Potro and doubles partner Leo Mayer lost 7-6 (2), 7-6 (4), 6-3 against Marin Cilic and Ivan Dodig, leaving Croatia one victory away from the title. He recovered from a break down early in the fifth set to close out the match after nearly five hours and keep Argentine hopes alive at 2-2. However, Del Potro refused to give in and kept fighting.

Business

Oil prices steady at around $50 following OPEC decision to cut output

Brent crude oil contracts surged 4.1% to settle at around $53.94 a barrel after hitting the highest level of $54.53 a barrel for the first time since July 27, 2015. The other question is whether non-OPEC producers will stick to their side of the deal. It further stated that a stable increase in oil prices which is one of the rewards that the deal will produce would most likely contribute positively to the stimulation of the economies of member countries including Nigeria that are now ...

Business

S. Koreans to March for 6th Weekend Calling for Park Ouster

Opposition and independent lawmakers handed in the bill to impeach Park early Saturday, heralding a vote on it next Friday. A faction of the ruling party, which is not loyal to Park, had agreed to impeach Park, but its position changed after her third public speech.

Business

Black Friday promotions provided boost for November auto sales

Power obtained by Bloomberg, compared with Ford's $4,467, a 5 percent increase, and Fiat Chrysler's Ram at $6,062, up 19 percent. Sales of the big Escalade SUV rose 25%, while the new midsize XT5 crossover managed a 5.5% gain over strong year-ago results for its predecessor, the now-discontinued SRX.

Business

Anti-Trump electors raising money off effort

While Art was trying to do the right thing, he accidentally dishonored the Constitution and the founders who created it - not because of his failure to vote, but because he viewed his pledge to his state as greater than his pledge to his country which is to go through the complicated process of evaluating the candidates and vote for the best choice.

Business

How To Benefit "Bigly" From Trump's Tax Plan

Starting next year, with Republicans in control of the Executive Branch as well as both bodies of Congress, all indications point to significant tax legislation for 2017 and beyond. Moore told the Wall Street Journal that Trump's plan "was designed so that the [itemized] deduction cap offsets the revenue loss from lowering the top tax rate on ordinary income from 39.6% to 33%".

Business

At Least 9 Killed In Oakland Fire During Warehouse Party

Firefighters responded to reports of a blaze at 1305 31st Ave. around 11:32 p.m., according to the fire department. On Friday night, there was an event featuring musician Golden Donna's 100% Silk West Coast tour. Deloach-Reed said fire officials will verify those names against the ones they have. "I had to let him go". "Please refrain from messaging this page or Joel's personal channels unless you have information on the Oakland fire victims".

Business

Black boxes are recovered from Colombia plane crash

Twenty two Chapecoense players and staff were on the flight and only three survived. Brazilian football clubs have offered to loan players to stricken Chapecoense free of charge, according to reports. It said the plane's black boxes had been recovered and were being analysed. A spokesman for Bolivia's civil aviation agency, Cesar Torrico, said the plane was inspected before departing for Colombia and no problems were reported.

Business

Unemployment Lowest in 9 Years as Job Creation Continues

They climbed 2.5% over the 12 months ended in November, following a 2.8% year-over-year gain in October. While a surge in USA government bond yields and a rally in the dollar in the wake of Donald Trump's election as the next U.S. Construction employment increased by 19,000 jobs last month after rising by 14,000 in October. A rate hike is considered a sign that the economy is getting healthier.

Business

November logs more job growth, but weaknesses linger

The consensus expected another month of decent job gains that would not set off any alarm bells about the economy's health, keeping the Federal Reserve on track to raise interest rates at its meeting later this month . One item of particular note beneath the headline: how could the U6 fall to levels not seen in more than 8 years yet the labor force participation rate also fall? The labor force participation rate, defined as those with jobs or actively seeking jobs within the past ...

Business

Ward-led, Bridges-less Michigan St. beats Oral Roberts 80-76

At the other end of the court, though, the freshman forward may have given up more points and rebounds than he had himself in the box score. Ward was too much to handle near the basket for Oral Roberts and he scored 16 in the second half as Michigan State had to overcome a three-point deficit with less than 10 minutes to play.

Business

Big Mac inventor Jim Delligatti dies aged 98

A McDonald's spokeswoman said that Mr Delligatti had passed away at home in the Pittsburgh area, surrounded by family and friends. So when Delligatti came up with his seven-ingredient Big Mac which had a double dose of everything-beef patties, lettuce, cheese, pickles, onions and special sauce-they weren't too excited.

Business

Carrier Corp. Deal Differs From Common Incentives in Indiana

Mutz, who said he was briefed on the deal this week, said he doesn't know the full details as of Thursday, but said: "I don't see how I could vote against given the benefits it has for jobs and Hoosier jobs and people I care about", Mutz said.

Business

Macquarie Research Indicated Ford Motor Company (NYSE:F) As 'Neutral'

Stock monthly performance is recorded as 15.72% while its performance in last one week is 7.59%. Sterling Capital Management LLC increased its stake in General Motors by 8.5% in the second quarter. This represents a $0.60 annualized dividend and a dividend yield of 5.17%. Ford Motor's dividend payout ratio (DPR) is now 33.15%. TRADEMARK VIOLATION NOTICE: This report was first published by Community Financial News and is the sole property of of Community Financial News.

Business

Watch List - Wal-Mart Stores, (NYSE:WMT), Diamond Offshore Drilling, (NYSE:DO)

The institutional investor owned 320,418 shares of the retailer's stock after selling 11,450 shares during the period. BlueMountain Capital Management LLC now owns 9,255 shares of the retailer's stock worth $634,000 after buying an additional 2,572 shares in the last quarter.

Business

Oil prices soar after OPEC deal

The OPEC deal triggered frenzied trading, with Brent futures trading volumes for February and March, when the supply cut will start to be visible in the market, hitting record volumes. Banks from Goldman to UBS Group AG are turning more bullish on oil after the Opec's first agreement to reduce output in eight years. He added that achievement will depend from the cooperation of the non-member states of OPEC to cut 600 thousand bpd of their present production, 300 thousand corresponding to ...

Business

Consumer companies lead United States stocks to new records

Today the Dow breached 19,000 for the first time, touching 19007, before slipping back to 18,991, up 0.18 per cent. The Dow Jones Industrial Average gained 45 points, or 0.2%, to 19069, a day after closing above 19000 for the first time.

Business

Best stocks of the day: Automatic Data Processing, Inc. (NASDAQ:ADP)

The performance this quarter is at 8.43% while the weekly performance is at 2.31%. Following Earnings result, share price were DOWN 4 times out of last 7 Qtrs. Burke And Herbert Savings Bank And owns 5,767 shares or 0.48% of their United States portfolio. Dividend disbursement date was 2017-01-01 while the ex-dividend date was fixed at 2016-12-07.

Business

November Auto Sales: GM, Nissan, VW Rise as FCA Tumbles

Balentine LLC bought a new stake in shares of Ford Motor during the second quarter valued at about $109,000. — General Motors Co.'s sales rose 10 percent to 252,644. TRADEMARK VIOLATION NOTICE: This report was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of global trademark and copyright law.

Business

PM Narendra Modi urges citizens to share 'first-hand' view on demonetization

Prime Minister Narendra Modi wants BJP MPs to publicise "benefits" of the demonetisation and also counter the opposition's charges against it during this weekend as the political battle over the measure heats up in and outside Parliament. It includes questions that asks whether or not one thinks there is black money in India and if people mind the inconvenience faced to fight against black money.

Business

Zinedine Zidane Not Surprised By Sergio Ramos' Late Heroics

Ramos leaped and headed home with power to earn his team a point. In the 90th minute Ramos made it 1-1 with a powerful header from a freekick. Only Alfredo di Stefano (18) has scored more goals for Real Madrid than Ronaldo (16) against Barcelona in all competitions .

Business

British PM hints at transitional Brexit deal

She also committed to the plans of the previous government to introduce a 17-percent rate for corporate tax - the lowest level in the G20. The PM's aim to keep United Kingdom corporation tax lower than its worldwide rivals may mean going beyond the cut from the current 20% rate to 17% by 2020 already announced by former chancellor George Osborne, as US President-elect Donald Trump has said that he will slash the equivalent tax in America to just 15%.

Business

OPEC to meet producers on December 10

Brent prices settled Thursday at the highest since late August of past year, according to data from Dow Jones. Russia's output cut should be spread proportionally among the country's producers, who have said they support the move, Energy Minister Alexander Novak told reporters Thursday.

Business

OPEC to Meet Non-OPEC Producers on December 10 in Vienna

Only Nigeria and Libya are exempt from the deal, which in total should cut OPEC production by 1.2 million barrels a day to 32.5 million barrels a day. and in the rest of the world". The fact that a deal was done is in itself positive as, for example, Goldman Sachs predicted an oil price fall as low as US$30 if an OPEC agreement failed to materialise.

Business

US jobless rate falls to 9-year low, payrolls rise

Which is good news for the country, sure, but also for our Donald Trump , who's about to inherit such a robust economy. But even with November's high unemployment rate included, the average 2016 rate is on track for 5 percent , a lower level of unemployment than has ever been recorded annually for post-9/11 veterans, Military Times calculations of Bureau of Labor Statistics information indicate.

Business

Donald Trump's cabinet could be wealthiest in modern history

We look at two of Donald Trump's Cabinet picks: Steven Mnuchin for treasury secretary and Wilbur Ross for commerce secretary. "We're really going to be focused on economic growth and creating jobs", said Mnuchin , 53, whose appointment must be confirmed by the Senate.

Business

Samsung to review corporate structure

Elliott first proposed the split in October with the aim of boosting shareholder value. It did add though that the review "does not indicate the management or the board's intention one way or another". In addition, Samsung has calmed its investors down a bit by announcing further enhancements to its shareholder return program. Investors say Samsung shares trade at steep discounts to global peers due to its complex ownership structure, poor corporate governance and inefficient cash ...

Business

OPEC Accepts Reduction of Oil Production

It finalises a preliminary deal struck in September in Algeria when OPEC agreed to cut production, but left the details to clear up later. "If they don't do anything, oil will be cheaper", said Gheit. Russian Federation is also producing crude oil at record levels. Iran's output level was trimmed only slightly to 3.797 million barrels a day from 3.975 million barrels.


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