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Business

Carrier reveals in employee letter that 1300 jobs are going to Mexico

Trump forewarned companies before making a very expensive mistake, telling them that moved jobs overseas would face "retribution or effect". The rumored Trump cabinet candidate was referring to Indiana-based production company Carrier's announcement on November 29 that they would refrain from moving 1,400 jobs to Mexico as planned and would instead keep 1,000 jobs in the state after speaking with Trump and Vice President-elect Indiana Gov.

Business

Fake news story leads to real threat at DC pizza joint

Despite the owner's clarifications , conspiracy theories about Comet Ping Pong restaurant's involvement in a child sex operation are still circulating online. Comet Ping Pong was closed, as it normally is on Mondays. The worker managed to flee and alert police. Comet Ping Pong , a pizzeria in Washington , D.C., has been made the center of a freaky online conspiracy theory - with real-world consequences.

Business

What do Analysts suggest for: The Procter & Gamble Company (NYSE:PG)

The ratio is negative, as 65 funds sold all Procter & Gamble Co shares owned while 775 reduced positions. Capital World Investors now owns 53,097,172 shares of the company's stock worth $4,495,738,000 after buying an additional 376,640 shares in the last quarter.

Business

Veterans To Form 'Human Shields' To Protect Standing Rock Protesters

Sometime over the Thanksgiving weekend, Mensa took a trip to Standing Rock in order to protest the controversial Dakota Access Pipeline. While this is more passive than physically blocking supplies, a supply deficit could prove risky with the season's first snow already covering the camps.

Business

Did authorities miss opportunities to prevent tragic fire?

Investigators announced that a warehouse fire in Oakland that killed 36 people did not appear to have been set intentionally and may have been caused by a refrigerator or other electrical appliance. The Fire Prevention Bureau's safety inspectors are not firefighters. "It's an eye-opener for everyone", Horton said. The deadly fire erupted Friday night, December 2, 2016, during a dance party at the warehouse.

Business

Cleaner showered with gifts after being mocked online

The comment prompted an outpouring support of the cleaner on social media, and Abdullah al Qahtani, the owner of the Twitter account Ensaniyat (humanitarianism), started a campaign to find the man in the photo. Followers started sending Nazer watches , money, phones, jewelry - even bags of rice. In addition, Turki al-Dajam, who is an executive at a local Saudi sports channel, tweeted images of Abdulkareem recieving a gold jewelry set.

Business

Snow Squall Warning For North And East Lambton

Guelph and area residents are waking up to frigid temperatures and a two-to-five centimetre dusting of snow, which is expected to accumulate throughout the day as a snow squall watch continues for Wellington County. If visibility is reduced while driving, slow down, watch for tail lights ahead and be prepared to stop. Travel may be hazardous due to sudden changes in the weather.

Business

UK Supreme Court begins hearings on Brexit challenge

He said the legislation enabling the European Union referendum had been passed with the "clear expectation" that the government would implement the result, and that Parliament had had the opportunity to restrict the government's power to trigger Article 50 , but had chosen not to do so.

Business

Air Canada adding nonstop flights between Denver and another Canadian city

The flight will depart DFW Airport daily at 11:50 a.m. and arrive in Montréal at 4:35 p.m. with the return flight departing Montréal at 8:10 a.m. and arriving in DFW at 11:15 AM. "Apart from linking Canada's largest cities with popular US destinations, these new and expanded services will also serve to channel traffic to and from our domestic and worldwide networks through our major airport hubs, contributing to the success of our ongoing global expansion".

Business

Oil hits $55.33 high in buying rush after OPEC agreement

Crude stocks at the Cushing, Oklahoma, delivery hub for US crude futures USOICC=ECI , however, jumped by 3.8 million barrels, EIA said. US crude West Texas Intermediate ( WTI ) CLc1 futures rose 23 cents to $51.91 a barrel, a 0.5 percent gain.

Business

Upbeat Healthcare Stocks- Universal Health Services (NYSE:UHS), Tenet Healthcare (NYSE:THC)

Universal Health Services, Inc .'s (UHS) ended its day with a loss of -11.88% and finalized at the price of $111.36. After this transaction, the insider's stake stands at 267,492 shares, with a market value of $29787909. (NYSE:UHS)'s distance from 20 day simple moving average is -7.72% whereas its distance from 50 day simple moving average is -7.82% along with -10.54% distance from 200 day simple moving average.

Business

Let the Battles Begin - Donald Trump Versus House Republicans

His Twitter postings on Sunday "suggest this is just the beginning of an extensive and involved effort by Trump to cajole and nudge and even intimidate firms thinking about offshoring", Pethokoukis said. He cautioned reporters against judging what Trump will do ahead of taking office. Brown said that uncertainty about the sustainability of Trump's plan could discourage USA firms from hiring, and he echoed the view that such moves could spark trade wars.

Business

MGM National Harbor Casino Has Star-Studded Opening

National Harbor draws meetings and conventions with more than 3,300 hotel rooms, including the Gaylord National Resort and Convention Center, and more than half a million square feet of meeting space. Maryland Gov. Larry Hogan and Prince George's County Executive Rushern Baker were also there to speak at a news conference. To date, the Peterson's overall National Harbor project is only about 50 percent complete.

Business

Democrats Keep Hammering Republicans on Medicare

Heidi Heitkamp of North Dakota and Sen. If the Republicans , as expected, hold on to the seat, they will control at least 52 seats in the chamber next year. The Democratic Party "needs to speak up for working-class people", Ryan said. Donnelly will also be running in Vice President-elect Mike Pence's home state.

Business

Donald Trump Will Remain EP On 'Celebrity Apprentice'

While most acting presidents put their former lives - including their careers - aside while sitting in the Oval Office (which, ya know, makes sense since you're pretty darn busy running a country), Trump will not be relinquishing his hold on the reigns of various business ventures.

Business

Warren: Trump's treasury pick 'the Forrest Gump of the financial crisis'

Wilbur and I have worked very closely together on the campaign. Mnuchin still serves as a director of Sears Holding, of which Lampert is chairman and CEO. The committee has the power to designating companies as potential threats to overall financial stability, putting them under stricter government oversight.

Business

Trump warns of 'retribution' for United States companies that offshore jobs

Trump also pledged Thursday to lower the U.S. corporate tax rate from 35% to 15% to keep companies from outsourcing their operations, saying that the current tax rate is "terrible for business". For example: Other countries send more of their manufacturing jobs to IN than any other Midwest state, and that number is going up. Carrier announced earlier this year that it would move most of its IN operations to Mexico, cutting 2,100 American jobs IN the process.

Business

Polar bear numbers to plunge a third as sea ice melts

Though the Arctic data is jarring, it follows a trend for the year: November was the seventh month of 2016 with record-low levels of sea ice. Specifically, the blanket of ice around the North Pole averaged 3.51 million square miles for the month, the lowest November in the satellite record, and 309,000 square miles below the record set in November 2006.

Business

Austria's Far-Right Freedom Party Blames Nigel Farage For Defeat

But with Sunday's election coming after Donald Trump's win in the United States and the Brexit vote in Britain, the vote was being watched across Europe as an indication of how well right-wing euroskeptic figures would do next year in elections in other European Union nations.

Business

Italian Prime Minister PM Renzi to resign on Friday

One consultancy, the London-based Centre for Economics and Business Research, thinks the chances of Italy still using the euro in five years' time have fallen below 30 percent following the rejection of Renzi's constitutional reform plan in a referendum Sunday.

Business

Crude oil prices inch higher on Monday

On Wednesday, oil prices continued to slide from the 16-month highs seen on Monday with Brent oil trading 31 cents down at $53.62 and US WTI trading at $50.62. Russian Federation has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants.

Business

Markets Right Now: Dow notches another record high close

In commodities, oil prices edged higher after a volatile overnight session, with Nymex crude futures gaining 0.3% to $54.95 a barrel. The Standard & Poor's 500 index jumped 11 points, or 0.5 percent, to 2,203. Treasury yields were lower across the yield curve with the 10-year note richer to 2.349% and the 30-yr bond yield topping 3.00%. STARVING: Chipotle Mexican Grill fell $29.00, or 7.3 percent, to $367.64 after the company's CEO said he was "nervous" about hitting full-year forecasts ...

Business

Sales, profit at Sears continues downward spiral

Many analysts have provided their estimated foresights on Sears Holdings Corporation Earnings, with 1 analysts believing the company would generate an Average Estimate of $-4.06. About 1.48M shares traded hands or 120.44% up from the average. The group's share price was up more than five per cent in USA afternoon trading, to $12.74.

Business

Oil Rises Above $50 Despite Doubts Over OPEC Output Cut

Still, a strong US dollar sapped some of the price strength, and both benchmarks remained roughly 2 per cent below the highs reached just after the Organization of the Petroleum Exporting Countries announced plans to cut production late last month, and were on track to close the week with small losses.

Business

Further promising data seen with Biogen Alzheimer's drug

Biogen Inc . Biotechnology has a PEG of 1.84 alongside a PS value of 5.55 and a PB value of 5.23. Signaturefd LLC increased its stake in Biogen by 217.7% in the second quarter. Trust Department MB Financial Bank N A now owns 19,164 shares of the biotechnology company's stock valued at $4,634,000 after buying an additional 19,157 shares in the last quarter.

Business

Part-time work helps Canada add 10700 jobs; jobless rate dips to 6.8%

Total nonfarm payroll employment increased by 178,000 from last month, while the unemployment rate decreased to 4.6%, according to the Bureau of Labor Statistics Employment Situation Summary . The final U.S. jobs report for this year will be released at 8:30 a.m. ET. The number of those who lost jobs and persons who completed temporary jobs edged down by 194,000 to 3.6 million in November.

Business

Kinross Gold Corp. (KGC) Rating Lowered to Sell at Citigroup Inc

The Market Capitalization of the company stands at 4.22 Billion. The company's stock has a Return on Assets (ROA) of -10.3 percent, a Return on Equity (ROE) of -19.9 percent and Return on Investment (ROI) of -15.2 percent. "Kinross Gold Corporation is based in Toronto, Canada". The Dow Chemical Company (NYSE:DOW) belongs to Basic Materials sector closed its last session with a gain of 0.29 percent and closed its previous trading session at $56.22.

Business

Renzi to step down now that Senate OK'd Italy's 2017 budget

Italian voters have dealt a serious defeat to the government of Prime Minister Matteo Renzi. With the defeat plunging Europe's fourth-largest economy into political and economic uncertainty, and financial markets seeking reassurances, President Sergio Mattarella asked Renzi to hold off on leaving until the budget legislation is passed.

Business

Wal-Mart: Police calls fall since theft-prevention steps

Simeon Gutman, Morgan Stanley analyst commented, "AMZN picked up an incremental 20 bps of market share to 17.2%, jumping WMT which slipped 60 bps to 16.8%, while TGT (9.8%) and BBBY (9.7%) remain well behind". Company stock is -6.45% away from its one year high and is moving 22.50% ahead of its one year low. For the Current Quarter, 13 analyst are projecting the mean EPS to be $0.83/share.

Business

Trump cancels Boeing-Air Force One deal in a tweet

It's unclear why Trump sold when he did. Trump has frequently singled out companies for criticism especially those planning to move jobs overseas, like Ford and Carrier. "Well the plane is totally out of control", President-Elect Trump said to reporters outside of Trump Tower on Tuesday. "Taxpayers want to make sure we're seeing absolute accountability, that the government is doing the best to drive costs down", Miller said, adding that the transition team will look for areas where they can ...

Business

Paragon Group of Companies PLC 41.9% Potential Upside Indicated by Jefferies International

Anglo American PLC has a 52 week low of 215.55GBX and a 52 week high of 1,270.50GBX The company's market cap is now 0 GBX. Berenberg Bank increased their target price on CVS Group Plc from GBX 880 ($10.99) to GBX 910 ($11.37) and gave the company a "buy" rating in a report on Friday, July 29th.

Business

European Central Bank to 'Taper' Bond Purchases in April

The central bank announced that the euro-zone central bank will print money to buy bonds for nine months beyond its previously scheduled deadline, until December 2017. Draghi may also be quizzed on the potential fallout as the United Kingdom moves toward a formal request to leave the European Union, the resignation of Italian Prime Minister Matteo Renzi after a failed referendum, and the health of Italian banks.

Business

South Korea: Parliament introduces bill to vote on Park's impeachment

Reuters reports that the embattled President now has a 50-50 chance but her fate would be determined by events leading to Dec 9 date slated for the impeachment hearing. Speaking at a news conference, he promised to work to keep the political situation stable, saying: "I believe that the citizens feel uneasy facing a serious situation in which the duty of the president is suspended".

Business

Fidel Castro Deceased Cuban leader's remains embark on long trip to Santiago

Instead, the country would be represented by the top diplomat already on the island, chargé d'affaires Jeffrey DeLaurentis, and deputy national security adviser Ben Rhodes , who - Earnest stressed - was going to be in Cuba this week anyway.

Business

Trump expected to pick oil drilling advocate to run Interior Department

It shouldn't come as a surprise that she's taken nearly half a million dollars in campaing funds from the oil and gas industry in recent years. The Wilderness Society issued a statement noting that while Rodgers has supported renewable energy and the responsible siting of wind and solar energy projects on public land, many of her House votes are bad for the environment.


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