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Governor, unions reach deal to restructure pension debt

But Malloy maintained doing nothing could result in state payments - out of the General Fund - eclipsing $4 to $6 billion for each year in the 2030s, for which drastic cuts to services or unprecedented tax increases would be necessary. "This agreement at last moves us to a funding system that does its job for the people of the state and the employees who serve them". "But it does not include critical issues such as pension benefits and individual contributions that must be addressed if the ...

Business

Italy bank shares rise on bailout hopes

The ECB had no immediate comment Friday. The group added that the rescue should be financed by raising Italy's budget deficit. The Italian government could be forced to inject billions of euros into the bank to avoid it being wound down.

Business

Gender pay gap by profession revealed in new website

They set out how employers should calculate and report on the gender pay gap within their organisation from April 2017. The key changes in the Regulations as compared to the February 2016 version are summarised below. The gender pay gap is calculated by taking the difference between average hourly earnings (excluding overtime) of men and women as a proportion of men's average hourly earnings.

Business

Oil Prices Dip As Output Rises From OPEC, Russia

International Brent crude oil futures were trading at $53.69 per barrel at 0131 GMT, down 24 cents, or 0.45 percent, from their last close. Brent futures LCOc1 fell 93 cents, or 1.7 percent, to settle at $53.00 a barrel, while USA crude CLc1 lost $1.16, or 2.3 percent, to settle at $49.77.

Business

SoftBank's $50 bln US pledge is the easy bit

The investment, announced jointly by Trump and Son in the lobby of Trump Tower in Manhattan, would come from the $100 billion investment fund the head of SoftBank is setting up with Saudi Arabia's sovereign-wealth fund and other potential partners, according to the Wall Street Journal .

Business

World Vision says hundreds affected by Solomon Islands quake

A strong 7.0-magnitude quake struck approximately 100 kilometers (km) west of Peka Island in the Solomons at 0610 AEDT at a depth of 88 km., Geoscience Australia said in a statement. Speaking from the capital Honiara, Suzy Sainovski, World Vision's Pacific Timor-Leste spokeswoman, said it has been hard to get a full assessment from some more remote communities, some of which don't have cellphone coverage.

Business

Shares in troubled Italian bank plunge amid bailout fears

Other Italian banks' shares were also down with UniCredit falling 3.4 percent and Banco Popolare 7.4 percent lower. Advisers on the Monte dei Paschi deal such as JP Morgan Chase are still scrambling to find willing partners, Italian media report.

Business

Berenberg Gives Legal & General Group PLC Price Target With Potential 27% Upside

Carillion PLC has 430,200,000 shares in issue which have a share price of 242.1 giving Carillion PLC a market capitalisation of 1.04B GBp. Barclays PLC reiterated an "equal weight" rating and issued a GBX 920 ($11.69) target price on shares of Pearson plc in a research report on Wednesday, August 31st.

Business

Amazon opens a grocery store with no checkout line

Amazon's Just Walk Out Technology does it all, ensuring the customer's Amazon Go virtual card is charged only for the items they have taken, with the receipt sent straight to the app immediately. Amazon said it began working on the technology in 2012. If that were not enough, they are making the shopping experience for their retail customers much more efficient, giving consumers an easy way to shop and pay without any of the hassles normally found at places like Wal-Mart.

Business

Why oil prices are suddenly surging

He further noted that non-member Russian Federation had committed to cutting 300,000 barrels a day (bpd) from its output of more than 10 million. Before news of the deal emerged, oil prices jumped more than 8 per cent to a five-week high as some of the world's largest oil producers gathered in Vienna to try to agree a production cut .

Business

Biden urges Canada to fight climate change despite Trump

The Canadian government on Friday reached a deal with eight of the 10 provinces to introduce a landmark national carbon price, which Prime Minister Justin Trudeau says will help Canada meet its worldwide climate change obligations. This comes as Trudeau is anxious about the USA potentially making plans against reducing carbon emissions under President-elect Donald Trump, who called global warming a "hoax".

Business

Asian shares meander as ECB-inspired rally fades

The 2-year German bund yield sank on Thursday, while the 10-year bund yield rose as long-dated debt were sold on the ECB's decision to reduce the buying amount while widening the overall maturity range of its purchases. Yet, by having reduced the scale of the ECB's monthly bond purchase program, Mr. Draghi would be less well equipped than before to provide such support without having the European Central Bank reverse policy course.

Business

Kimco Realty Corp. (KIM) Receives $31.72 Consensus PT from Analysts

Shares of Capital Bank Financial Corp. 10/22/2015 - Realty Income Corporation was upgraded to "buy" by analysts at Bank of America Merrill Lynch. Trust Co acquired a new stake in shares of Realty Income Corp. The stock of Kimco Realty Corp (NYSE:KIM) earned "Buy" rating by Argus Research on Wednesday, December 16. The DividendRank report noted that among the coverage universe, KIM shares displayed both attractive valuation metrics and strong profitability metrics.

Business

Labor Secretary Contender Puzder Meets Again With Trump

In the past few years, labor organizers have been uniting with low-wage workers, including those from the fast food industry, to call on Congress to raise the federal minimum to $15 per hour. No one can say Puzder is unfamiliar with the Labor Department's work. Puzder has been an outspoken critic of some of the Obama administration's most prominent labor initiatives, including its joint-employer rule .

Business

Cabrera Bello extends lead at Hong Kong Open

I know I will win again. A bogey from Brazel on the ninth - his penultimate hole - then provided the Spaniard with a cushion as he goes in search
of a first win in nearly five
years. Veteran Thai player Thongchai Jaidee is in T7 while defending champion Justin Rose is ten shots off the pace on one under. The Olympic champion said he was moving more freely on day two but after a number of missed putts, the tournament is slipping out of reach.

Business

Italy's Monte dei Paschi denies ECB notice on deadline

Prime minister Matteo Renzi was schedule to resign at 7pm on Wednesday after a bruising defeat for the Italian government in the country's referendum on constitutional reforms . "Both MPS and other Italian banks need more consolidation", Mr Gallo added. Bank of Ireland fell nearly 5 percent after one its shareholders who helped keep the bank out of state hands in 2011 announced a sale of part of its stake.

Business

Trump Sold Stock and Bond Holdings in June, Spokesman Says

Trump last week said he plans to leave his business "in total" in order to focus on the presidency, though he is not "mandated under law" to do so. Shares of Boeing were among his investments, as were a number of large banks and oil companies.

Business

Trump transition team seeks details on Energy Dept. workers

At least 15 of the questions within the form are dedicated to EIA, the agency's statistical arm known for generating its web of energy data into short- and long-term predictions of how markets will move. Energy Department officials have not yet decided how to respond to the questions targeting the agency's climate activities, according to federal officials who asked not to be identified to discuss internal deliberations.

Business

US Treasurys hold lower after European Central Bank keeps rates unchanged

The extension to QE is much longer than we expected, but the tapering announcement is nearly hawkish, a mere three days after the Italians voted No in its referendum. The euro fell for the second day after the ECB news gave the euro zone common currency its biggest daily loss against the dollar on Thursday since Britain's vote to leave the European Union in June.

Business

Trump responds after Carrier union leader says he lied

Trump tweeted at USW 1999 and Jones, saying, "If United Steelworkers 1999 was any good, they would have kept those jobs in Indiana". The sudden attention from the country's next leader didn't feel real. In a secondary tweet, Trump accused United Steelworkers 1999 as a whole. Jones, who said the union wasn't involved in the negotiations, said he's working to lift his members' spirits.

Business

Commons motion 'won't impact Brexit court case'

If the justices find against the Government, Ms May could ask for the case to be referred to European courts for further consideration however this would be considered highly contentious given the nature of the Brexit case. "So the real question is, can we as a court say to parliament, the trigger stage, a motion would not be good enough, even a motion supported - a unanimous motion, that would not be good enough", Robert Carnwath, one of the Supreme Court judges, said during the appeal.

Business

Opec production cut has little effect

He also suggested non-Opec states would not hold up their end of the BARGAIN- cuts of 600,000 barrels a day - and that a rise in USA shale production would offset reductions elsewhere. Brent crude oil prices continued to remain above $50.0 per barrel after OPEC's (Organization of the Petroleum Exporting Countries) production cut deal during the week ending December 2, 2016.

Business

Hero-astronaut John Glenn to lie in state in Ohio

Glenn returned to America as a hero, and was given a ticker-tape parade through the streets of NY. I was proud to serve with him in the Senate for four years, focusing on what we could do together to help OH families. Kennedy riding in a convertible during a parade in Cocoa Beach after his historic spaceflight. John Glenn, Jr., in his Mercury flight suit. (Alan Shepard in 1961 was the first American astronaut to reach space.) The Cold War and the space race are history book chapters now, but ...

Business

Donald Trump gets one presidential intelligence briefing a week

Pew shows just 40 percent of people say they approve of the choices Trump has to fill out his Cabinet and his administration. Like other winning candidates in the past, Trump enjoyed a post-election boost in popularity, but his favorable rate is still well behind President Barack Obama's 78 percent in a January 2009 Gallup poll after winning his first term.

Business

Trump calls for Air Force One replacement to be scrapped

The president-elect will be back on the road today in North Carolina, the latest stop on his nationwide "Thank You Tour". Trump told the crowd in Fayetteville. "We are now under contract for $170 million to help determine the capabilities of these complex military aircraft that serve the unique requirements of the President of the United States", it said.

Business

Highlights: Zorya 0 Manchester United 2

Let's hope everything goes well". Manchester United summer signing Henrikh Mkhitaryan has explained his slow start to life at Old Trafford by admitting that he, rather than manager Jose Mourinho, is to blame. "It's not my problem". United are now unbeaten in seven but have drawn six of their eight matches in the Premier League. "He's the "Special One" and always will be the "Special One".

Business

Trump Again Threatens to Take Action Against Flag Burners

Of the nominees Trump has announced, Mattis has been one of the most universally praised, with the majority of Democrats and Republicans believing him to be a fine choice, although some Democrats take issue with the fact that he has not been out of the military for long enough to serve in the role.

Business

Trump expected to pick Puzder for Labor

Owens said Puzder's opposition to a minimum wage hike is "not only inconsistent to the role of the secretary of labor and the priority of raising wages for working people, but it's really out of line with where most of America is". Together with his second wife Dee, Puzder contributed $150,000 in late May to Trump's campaign and Republican Party partners, fundraising records show.

Business

Trump taps China ambassador, consults Obama

China's state-run news agency Xinhua said in a Thursday commentary that Branstad's appointment is a "positive signal sent amid a mixture of messages from Trump", a reference to Trump's call with Taiwan leader Tsai Ing-wen and his criticism of China on trade and geopolitical issues.

Business

Black Friday vs. Cyber Monday

Staten Islanders argued the reason Black Friday shopping was not as busy this year was because online retailers already started sales weeks before and many stores opened early on Thanksgiving Day. Whatever your Cyber Monday plans are, experts suggest having a plan in place-spend Sunday doing the ground work for what you've had your eye on, place it in your cart to get the most guaranteed Cyber Monday experience.

Business

House passes government funding bill but problems persist in Senate

However, the bill could face a roadblock in the Senate due to a dispute over healthcare benefits for retired coal miners. It also extends health benefits for miners for only four months, which unions and their allies say is insufficient. "There's a lot of widows and miners in eastern Kentucky that depend on the UMWA pension for their health care", said Joseph Hatfield of Pikeville, Kentucky, the president of the United Mine Workers Union's Local 1511, at the September rally.

Business

Industrial production sees surprise 1.9 per cent dip in October

The cumulative growth for the period April-October 2016 declined by (-) 0.3 percent, an official press release said, quoting the data. Newsletter has been successfully subscribed. The output of consumer non-durable goods declined by 3 per cent in October as against 4.8 per cent growth a year ago. India's industrial growth fell 1.9% in October, after rising marginally last month.

Business

Record UK exports drive huge narrowing in trade deficit

The trade deficit in October narrowed to 1.971 billion pounds ($2.5 billion) from 5.812 billion pounds in September, the narrowest figure since May. But the data for October was overshadowed by big upward revisions to the deficit in the previous three months.

Business

Wedbush has upgraded the stock of Synchrony Financial (NYSE:SYF)

Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. Also, insider Margaret M. Keane sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $30.00, for a total value of $60,000.00.

Business

Brexit appeal at Supreme Court explained: What's at stake?

The judge went on to ban the publication of home addresses of the pro-European campaigners who brought the action, including investment manager Gina Miller and hairdresser Deir Dos Santos, and the names of children of the plaintiffs. He said that "without exception", none had any objections. Lord Pannick said this had been the intention of Parliament when it passed legislation paving the way for June's referendum.


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