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Coca-Cola CEO Muhtar Kent to step down next year

The executive was named to the operating chief role in August 2015, following stints as head of the company's European group and Mexican division. Coca-Cola also is offloading more of its bottling operations around the world, a move that will dramatically cut its headcount and let the company focus on product development.

Business

Trump Picks Oklahoma Attorney General for EPA Post

President-elect Donald Trump at Trump Tower in Manhattan, New York City, U.S., December 7, 2016. In a statement responding to a climate change initiative by a group of state attorneys general, Pruitt wrote , "Reasonable minds can disagree about the science behind global warming, and disagree they do".

Business

South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 bln

A US subsidiary of Sibanye oversaw the transaction, which is for all outstanding shares of Stillwater at $18 each, a premium of 25 percent to its volume-weighted share priced during the 30 days prior to the announcement and a 23 percent premium to its closing price on Thursday.

Business

President Obama defends counterterrorism plan before handover to Trump

With almost eight years in office, Obama cited reduced U.S. troop commitments in Iraq and Afghanistan. In his last national security speech , delivered before troops on December 6, Barack Obama praised and defended his administration's legacy and offered his view on how successors should continue its policies and uphold its values.

Business

How the Dow Jones industrial average finished Thursday

Bond yields are falling, and investors seeking income are buying stocks that pay large dividends, like real estate investment trusts, utilities and phone companies. Brent crude, the worldwide standard, shed $1.01 to $53.93 a barrel in London. U.S. Steel rose $2, or 5.6 percent, to $37.95. The central bank is expected to extend the duration beyond the current end-date of March.

Business

Trump Picks Climate Denier and 'Fossil Fuel Industry Puppet' to Head EPA

Pruitt, 48, a staunch ally of the fossil fuel industry, has taken a lead nationally in resisting Obama's environmental agenda. "Respect for private property rights have allowed our nation to thrive, but with the recently finalized rule, farmers, ranchers, developers, industry and individual property owners will now be subject to the unpredictable, unsound and often byzantine regulatory regime of the EPA", Pruitt said a year ago.

Business

Euro steadies after short-covering rally, eyes on ECB and Italy

This time, Mr Mattarella accepted the resignation of the man who in February 2014 became Italy's youngest premier aged just 39. Referencing the clamour for early elections, he said: "We are not afraid of anything or anybody, if other parties want to go to the polls.

Business

What are analysts Suggestions on: Advanced Micro Devices, Inc. (NASDAQ:AMD)

This past month, Advanced Micro Devices, Inc .'s stock is trading 47.71%, 75.25% over the last quarter, 139.35% for the past half-year and 340.00% for the past year. ( AMD ), so its rating change is noteworthy. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation.

Business

Broad rally takes US indexes back above record highs

United States stock rose again on Thursday and set fresh record highs, bolstered by data showing United States labour market strength, and amid hopes that the Trump administration will usher in tax cuts, deregulation and fiscal stimulus. Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq , a 2.06-to-1 ratio favoured advancers. Sentiment got a lift after Wall Street notched its best performance since the US election on Wednesday, sending both the S&P ...

Business

Brent Oil drops despite poor US Crude Levels December 07, 2016

West Texas Intermediate (WTI) crude oil futures for delivery in November were 0.2% higher at $50.87 per barrel during Wednesday's pre-market trading session while Brent oil futures for delivery in December were 0.1% higher at $52.48 per barrel.

Business

ED: Tom Price and Health and Human Services

As a congressman, Georgia Republican Tom Price has been thwarted in his hopes to repeal the Affordable Care Act and transform Medicare into a voucher-like program for future participants. His comments come as some Republicans are coalescing around a plan to repeal the law without a replacement drafted, with a transition period to allow current consumers to maintain coverage as the GOP works to implement a new system.

Business

Trump Picks Oklahoma Attorney General Pruitt as Head of EPA

Early in his career, Pruitt sued to prevent the EPA from settling lawsuits brought by environmental groups like the Sierra Club. Politico reported that for Pruitt's 2014 reelection campaign, in which he ran unopposed, he raised $114,000 from energy company PACs and executives, including donations from ExxonMobil, Koch Industries, and oil and coal industry interests.

Business

ECB says stimulus extension to support economy

At the same time, the European Central Bank will slow the pace of purchases, buying €60 billion of debt a month instead versus its current pace of €80 billion ($64 billion instead of $85 billion). The contract gained $1.07, or 2.1 per cent, to close at $50.84 a barrel in the previous session. Holger Schmieding, economist at Berenberg Bank, said that the ECB's decisions - offering less stimulus but for longer - "should roughly offset each other".

Business

Trump delivers 'mixed message' on China at Iowa rally

Trump called Branstad "a very special man" who has become "a great friend" who knows how to get results "and he will deliver results". "That has hurt the Chinese people's feeling and created an extremely negative background for Sino-American relations", Liu highlighted".

Business

ECB denies world's oldest bank more time to raise funds

A source close to a United States private equity fund said yesterday it would be interested in putting money in the lender if the Italian government also injected cash and offered some guarantees for its investment. And Monte dei Paschi is just the biggest - not the only - worry facing Italy's banking system, which is lumbering under 360 billion euros ($386 billion) in loans that won't be repaid in full.

Business

How 'very enjoyable meal' in Dublin led to¤751m deal for Fyffes

In early trading today, Fyffes shares - listed in Dublin and London - jumped nearly 45% higher, up €57.5 to €186.5, indicating the hefty price being paid is a knock-out blow. The group now imports 30 per cent of the all of the bananas coming into Japan. "Sumitomo will provide Fyffes with experience, support and investment to continue to build on the tremendous Fyffes skills and experience and reach greater potential".

Business

Time Inc. Hires Help To Weigh Overtures

The company tapped Morgan Stanley and Bank of America Corp., according to people familiar with the matter. Some analysts believe that magazine publisher and TV station owner Meredith Corp. Digital advertising has been the lone bright spot for the company, with revenue rising 63% in the latest quarter. Time Inc., which has a stock market value of about $1.77 billion, has been struggling to adapt to a digital world.

Business

Mauricio Pochettino sends warning to Man United ahead of Tottenham clash

However efforts from Dele Alli, Harry Kane and an Igor Akinfeev own goal earned an important win and sent Pochettino's men into the Europa League. Tottenham were third in the group and will enter Europa League when the knockout stages begin in February.

Business

Markets Right Now: Stocks edge up; Dow, S&P 500 at records

Traders are reacting to the European Central Bank's (ECB) decision to leave interest rates unchanged, and extend its stimulus program for at least another year, though the policymakers will scale back monthly bond purchases starting in April.

Business

RENZI RESIGNS: Italian PM QUITS three days after crushing referendum defeat

Italian voters dealt Premier Matteo Renzi a re. Italian Premier Matteo Renzi said he would resign Wednesday evening now that Parliament has approved the 2017 national budget, a step required by the nation's president before he would let the leader step down .

Business

Apple makes its first major investment in wind power

According to the cooperative framework, Beijing Tianrun agrees to transfer to Apple 30 percent of the equity in each of the following subsidiaries: Nanyang Runtang New Energy Co., Ltd.in Henan province; Zibo Runchuan New Energy Co., Ltd.in Shandong province; Shuozhou Pinglu Sineng Wind Power Co., Ltd.in Shanxi province; and Qiaojia Tianqiao Wind Power Co., Ltd.in Yunnan province.

Business

Poland to buy Pekao bank from UniCredit

Miners at Makoszowy coal mine in southern Poland will vote on a potential strike against government plans to close the mine, Rzeczpospolita daily said. The sales should give UniCredit a boost ahead of a strategic review next week that is expected to include a 13 billion euro share issue, despite political uncertainty at home following the resignation of Italian Prime Minister Matteo Renzi.

Business

Donald Trump Attacks China Through Twitter

Turns out, Donald Trump was expecting backlash against his call to the Taiwanese president because, reportedly, it was the plan all along. The 10-minute phone call marked the first time a United States president or president-elect had spoken with Taiwanese leadership in more than 30 years.

Business

Amazon looking to open 2000 stores with different shopping formats

The new store is now only available for Amazon employees. Even if these new verticals are not taken into account , Mr. Kurnos believes that Amazon's revenue could increase by 28% this year and by 22% next year, with Amazon Web Services (AWS) expanding 56% in 2016 and 44% in 2017, respectively.

Business

Boasting About Oil Exports, Iran Says OPEC Needs Cooperation To Boost Prices

Crude oil prices declined for two consecutive sessions as traders sifted through the details of a decision last week from members of the Organization of Petroleum Exporting Countries to hold output at 32.5 million barrels per day starting in January.

Business

Europe's central bank keeps economy on life support for another year

The purchases pump freshly printed money into the banking system in hopes of increasing weak inflation and boosting growth. Purchases of securities under the APP with a yield to maturity below the interest rate on the ECB's deposit facility will also be permitted.

Business

Trump Takes Aim At Union Official Over Carrier Job Count

Jones said if he regrets anything, maybe it was his "choice of words", but Trump's numbers were inflated, and he called the president-elect out about it. "He said something to the effect, 'No, we're not leaving, because Donald Trump promised us that we're not leaving, ' and I never thought I made that promise", Trump said.

Business

Trump Tweets Attack On Carrier Union Leader

In lieu of moving to Mexico, Carrier chose to stay in the United States and save 800 out of 1,400 jobs at the plant, in the short-term future. President-elect Donald Trump announced last week that air conditioner maker Carrier Corp., a division of United Technologies, would keep hundreds of factory jobs in Indianapolis rather than shutting down the plant there and shifting the jobs to Mexico as planned.

Business

Pak-India can't shy away from bilateral issues: Abdul Basit

Interpreting Basit's comments, Sibal said Pakistan's point seems to be "that India and Pakistan hold a dialogue which is immune from terrorism" which is a core concern of India. "I think we have wasted 70 years of our existence". "We have longstanding relations and cooperation with Iran", he said adding Iran-India ties were their bilateral matter.

Business

ECB under pressure to extend stimulus amid uncertainties

Analysts also suspect the European Central Bank may start preparing investors for an eventual tapering of its stimulus, which could underpin the euro even as the Federal Reserve prepares to raise US interest rates next week. Tapering of the programme would likely see bond prices start falling and vast suns of capital repatriated to the Eurozone which would in turn bid up the value of the shared currency.

Business

Restoration Hardware Holdings Inc. (RH) Releases Q4 Earnings Guidance

The number of Restoration Hardware Holdings shares in issue is 40,711,000 which have a current share price of 38.99 bringing Restoration Hardware Holdings's market capitalisation to 1.59B Dollars. And the once-highflying company said it expects revenue in the range of $562 million to $592 million for the fiscal fourth quarter, falling short of analysts projections for $639.2 million.

Business

Tougher crowdfunding rules proposed by FCA

Both peer-to-peer and crowdfunding have grown significantly in recent years, fuelled by a squeeze on lending to businesses by banks and poor interest rates paid on savings. The FCA is also concerned that there are inadequate provisions in the event a firm goes bust and can not repay borrowings. Other concerns highlighted included the plans some firms have for wind-down in the event of their failure and client money handling standards.

Business

McDonald's to move global tax base to UK

While the move away from Luxembourg appears politically motivated, McDonald's signalled that the choice of the United Kingdom as the destination was a vote of confidence in the United Kingdom after the Brexit vote. It's created to keep profits in the country where they were really generated. In a statement to Bloomberg that echoes previous statements to other outlets, McDonald's said that it pays a "significant amount" of corporate taxes .

Business

Michelle Obama wows at final Kennedy Center Honors gala

The honourees at the event in Washington on Sunday (December 4th 2016) were iconic rock band the Eagles, veteran Oscar winning star Al Pacino, Argentine pianist Martha Argerich , five-time Grammy winning singer-songwriter James Taylor and gospel singer Mavis Staples.

Business

Euro tumbles after European Central Bank extends bond-buying programme

The ECB is restricted to buying no more than 33 per cent of eligible bonds from a single state and 33 per cent of any single bond in issue in most cases. Will it work? The initial response of markets was that this looked awfully like tapering. Higher yields are seen as helping reduce pressure on margins for a sector which has been struggling to grow due to sluggish economic growth and ultra-low interest rates.


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