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Coal demand growth to stall as appetite wanes: IEA

Lower demand from China and the USA, along with fast growth of renewables and strong focus on energy efficiency in countries such as India, will bring down the share of coal in the mix of fuels used for generating electricity to 36% by 2021 from 41% in 2014, marking a decline of more than 12%.

Business

Apple's AirPods are now available for purchase

According to Apple , AirPods will arrive in Apple Stores and carrier stores starting next week. The impact on you at home: Apple will likely have limited supply of AirPods at launch-at 10:30 a.m. Apple is apparently having trouble syncing audio between the two separate wireless earphones, a source familiar with the development of the AirPods told the Journal .

Business

Unarmed, Elderly Man With Dementia Shot Dead By California Police

Police shot Francisco Serna after a witness pointed at him, according to the Times . Serna worked for years at a cotton gin in McFarland and retired in the early to mid-2000s, his son said. He had shown signs of dementia since 2015, but his symptoms seemed more pronounced in the past month. He went on to say that in his golden years, his father should have been spending time with his loving family, not being surrounded by gunfire.

Business

One Stock Analysts Are Watching - Lexington Realty Trust (NYSE:LXP)

A number of other institutional investors have also added to or reduced their stakes in VNO. Advisors Asset Management Inc. now owns 16,971 shares of the real estate investment trust's stock worth $472,000 after buying an additional 332 shares in the last quarter.

Business

Mediaset Expresses Alarm Over Feared Vivendi Hostile Takeover Attempt

That deal fell through and Mediaset and Fininvest subsequently filed suit against Vivendi. Mediaset says it had not been informed of Vivendi's intentions, which were announced Monday and come as the two companies spar in court over a partnership agreement they signed in April.

Business

Trump picks Exxon CEO Rex Tillerson as US secretary of state

Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee. Tillerson dealt with Russian Federation extensively as Exxon CEO, and received the Order of Friendship decoration from the country in 2013. The New York Times reported Monday that Exxon has billions of dollars in oil deals that can only go through if the USA lifts sanctions against Russian Federation that aim to pressure the country for its actions in eastern Ukraine .

Business

Data breach exposes health info of 34K Quest Diagnostics patients

The stolen data includes names, birth dates and lab results, but not Social Security numbers or credit card accounts. A third party obtained the information by hacking into the Madison, N.J. The portal that hackers targeted contains information from more than 3 million people, Gorode said. Quest said Monday it is working with a cybersecurity firm and law enforcement to investigate the breach, while taking steps to prevent similar incidents from recurring.

Business

Junaid Jamshed's body identified, funeral arrangements underway

Addressing the media outside his residence in Karachi , Humayun Jamshed said, they would wait for DNA results till Wednesday, following which they will bring Junaid's body to Karachi . Last week, Jamshed was travelling from Chitral to Islamabad in flight PK-661 when the aircraft crashed near Abbottabad, killing all 48 people on board.

Business

Italy's largest bank to shed jobs in aggressive overhaul

MILAN/LONDON, Dec 13 (Reuters) - Italy's largest bank, UniCredit, plans to raise 13 billion euros ($13.8 billion) in the country's biggest-ever share issue to shore up its balance sheet and shield itself from a broader banking crisis. These moves are created to generate EUR1.7 billion net annual recurring cost savings from 2019, helping the lender make a EUR4.7 billion net profit despite weak revenue growth.

Business

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock Down -3.28% in Tuesday's Premarket

The rating was downgraded by Wells Fargo to "Market Perform" on Tuesday, September 1. The current price is at $27.63, indicating a downward gap of -5.62%. The stock has a 50 day moving average of $24.36 and a 200-day moving average of $21.59. For the most recent period which ended on 2016-09-30, Patterson-UTI Energy, Inc.'s EPS was reported as $-0.58.

Business

Company: Equipment didn't detect North Dakota oil leak

If it's not "solved" by the time he's scheduled to take office in January, the US president-elect vowed quick action on the Dakota Access oil pipeline. "Obviously there will be some component of the cleanup that will go toward spring". The Poplar Pipeline, operated by a True Companies subsidiary, leaked about 30,000 gallons of crude oil into the Yellowstone River in eastern Montana in 2015, prompting a town to shut down its drinking water service to 6,000 residents, the Casper Star ...

Business

David Moon: Fed rate increase irrelevant

The Fed last raised interest rates in December 2015. US monetary policymakers are widely expected Wednesday to announce an increase to the overnight federal funds rate by 25 basis points, to a 0.50-0.75 percent target range. If, as expected, the Fed raises the federal funds rate by a quarter of a percentage point, then the prime rate will rise to 3.75 percent. USA gold futures were down $3.90 at $1,161.90.

Business

Active Movers - Marathon Petroleum, (NYSE:MPC), Southern Company, (NYSE:SO)

BlackRock Group LTD now owns 8,719,540 shares of the company's stock worth $353,925,000 after buying an additional 114,238 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Marathon Petroleum Corp.by 15.3% in the second quarter. Analysts mean target price for Marathon Oil Corporation (NYSE:MRO) is $18.64 while their mean recommendation is 2.50 (1=Buy, 5=sell).

Business

The global oil surplus will disappear in 2017

The Organisation of the Petroleum Exporting Countries agreed on November 30 to cut output by 1.2 million bpd to 32.5 million bpd for the first six months of 2017, together with another 558,000 bpd in cuts from the likes of Russia, Oman and Mexico.

Business

Lloyds Banking Group PLC

Lloyds announced in a statement to the London Stock Exchange this morning that the Treasury's holding in the group had dropped to below seven percent. There are 5 sell ratings, 9 hold ratings, 14 buy ratings on the stock. The stock presently has a consensus rating of "Hold" and an average target price of $3.50.

Business

High Bridge Under Johor Bahru-Singapore RTS To Be Finalised Next Year

The two countries had in 2013 set the deadline for completion of the rail link for the end of this decade, with Najib calling it a "huge game changer" that will transform the way the neighbors do business. The remaining service will be a domestic one from KL to Iskandar Puteri, with five stops en route, comprising Putrajaya , Seremban, Ayer Keroh, Muar and Batu Pahat.

Business

Non-Opec countries agree to cut oil output to ease glut

That strategy has now failed. "Once you begin to trend past the mid-$60s, you're going to have a surfeit of shale producers jump back into the market". There have been a huge amount of jobs lost in the oil industry since United States production boomed, and not a lot of investment. "I can tell you with absolute certainty that effective January 1 we're going to cut and cut substantially to be below the level that we have committed to on November 30", he said, according to media reports.

Business

Japanese brewer Asahi to buy East Europe beer brands for $8B

Asahi's sales outside of Japan account for around a fifth its total revenue, and a successful deal to buy SABMiller Eastern European assets would be the biggest ever made by the Tokyo-based company. "The target business is highly compatible with our existing business in western Europe and will strengthen our platform, allowing Asahi to grow sustainably across Europe", the Japanese brewer said in a statement.

Business

The sectors expected to hire in Singapore Q1 2017

Lyndy van den Barselaar‚ Managing Director of Manpower SA‚ explains the beginning of the year often remains a high tourist season for the local market off the back of the year-end spike‚ which explains why the hiring prospects have remained relatively stable.

Business

Tesco grows United Kingdom market share for third straight month - Kantar Wor

Sales of supermarkets' premium ranges in the United Kingdom have risen sharply, as shoppers spend 13 per cent more on top of the line ranges than a year ago. McKevitt added that despite anticipation of higher prices, consumers have not yet felt the effects of rising inflation, with a typical basket of everyday groceries 0.1% cheaper that this time past year.

Business

Uber employees 'helped ex-boyfriends stalk their ex-girlfriends'

These were really just pretexts for firing someone who's not only relatively older (currently 45 years old), but who blew the whistle on shoddy security practices. Spangenberg tells Reveal that Uber employees generally ignored the pop-up warning alerting them that their activity was being monitored. While employees who are caught tracking customer data without permission are fired, Spangenberg told Reveal that "if you knew what you were doing, you could get away with it forever".

Business

Aflac Inc. (AFL) Director Joseph L. Moskowitz Purchases 1000 Shares

The company's price sits -1.90% below from its 50-day moving average of $70.41 and 0.36% far from the stock's 200-day moving average which is $71.41. However the company's price to cash per share for most recent quarter stands at 5.39. Wells Fargo & Co. initiated coverage on shares of Aflac in a report on Friday, September 23rd. Thrivent Financial for Lutherans now owns 14,260 shares of the company's stock worth $1,030,000 after buying an additional 37 shares in the last quarter.

Business

Key test for Tata, Mistry as TCS shareholders vote tomorrow

In a letter to the shareholders of Tata Steel, which has convened an EGM on December 21 to consider a resolution by Tata Sons to remove Cyrus Mistry and him as directors, Wadia said several allegations levelled against him were false, unsubstantiated and baseless.

Business

American Express will give all parents 20 weeks of paid leave

That's a big shift from the company's current policy of offering six weeks of paid leave for the primary parent plus another six to eight weeks for birth mothers who require medical leave. Both full-time and part-time employees will be eligible. Added to all of the above, beginning in January, expectant parents will have access to a parent concierge, who will help employees understand and navigate parental leave and the wide array of parental resources and programs available to them.

Business

Have travel plans? Prepare for cold rain and snow

The slick roads led to several traffic crashes during the snow and ice events. Willamette Pass Resort reported a snow depth of 38 inches at the lodge Monday . More than 1,300 flights at Midway and O'Hare were canceled. "For the rest of the day the best advice is just to stay off the road if you can, and otherwise go slow and give yourself more time to reach your destination", National Weather Service meteorologist Mark Steinwedel told motorists in the Midwest.

Business

China Industrial Output Jumps 6.2% In November

Electricity output surged by 7% year-on-year, rising to 503.4 billion kilowatts. That is often because of the lag between when developers book sales and when they break ground to replenish stock, which means new construction activity can show up in months later, economists say.

Business

Apple in talks to invest $1 billion in SoftBank tech fund

SoftBank itself is investing about $25 billion and the Saudi Arabian government is expected to contribute $45 billion. Just last week, SoftBank chief Masayoshi Son said during a meeting with President-elect Trump that he plans to invest $50 billion of the fund's assets in the US, creating 50,000 jobs in the process.

Business

Bulgarian cargo train explosion kills 4 after smashing into buildings

Nikolay Nikolov, who heads the country's firefighting department, said at least 20 buildings in the village of Hitrino were destroyed when containers of gas exploded at 5-40 a.m. Prime Minister Boiko Borisov has appealed for blood donations at the local hospital treating the injured. "There will be more casualties", Mr. Borisov told reporters.

Business

Oil prices soar as non-Opec countries agree cuts to production

Russian Federation and 10 other states on Saturday said they will reduce their production by more than half a million barrels per day (bpd), the Organization of the Petroleum Exporting Countries announced. And OPEC has also been successful in convincing other producers to join in the cuts. "OPEC is playing Wall Street very well", Stephen Schork, president of the Schork Group Inc., a consulting company in Villanova, Pennsylvania, said by phone.

Business

Trump taps Goldman Sachs president as director of National Economic Council

In a statement, Trump says Cohn will "put his talents as a highly successful businessman to work for the American people". Trump's pick comes despite his past criticism of the financial sector's power. A Goldman Sachs spokesman was not immediately available for comment. He follows fellow former Goldman executives Robert Rubin and Stephen Friedman, who both previous ran the NEC.

Business

Wall Street drifts lower as financial, tech stocks drag

Gains in petroleum-linked shares pushed the Dow to a fresh record Monday, but the S&P 500 and Nasdaq fell on weakness in technology and defense stocks. The Dow rose to a record-high 19,824.59, while the S&P 500 climbed to a record 2,264.03 before retreating. The healthcare sector was the biggest boost to both the S&P 500 and the Dow industrials.

Business

Wells Fargo scandal grows to include Prudential insurance polices, suit alleges

The 29 analysts offering 12-month price forecasts for Wells Fargo have a median target of 55.00, with a high estimate of 65.00 and a low estimate of 44.00. Numerous customers, who often had Hispanic last names, didn't know what they had purchased, Bloomberg reported, citing a lawsuit the employees filed in New Jersey state court.

Business

UK's Hammond backs Brexit transition, says would help EU too

Speaking on Monday, Hammond - considered to be one of the most prominent advocates of a so-called "soft" Brexit - said a transition could be used to phase in the terms of a deal successfully negotiated during the two-year divorce period, or to bridge the lack of a final settlement.

Business

Long Term Growth review of General Motors Company (NYSE:GM)

Institutional investors and hedge funds own 54.26% of the company's stock. 1832 Asset Management L.P. raised its position in Ford Motor by 21.5% in the second quarter. The experts have a positive EPS target of $1.9 for the company while the lowest estimate for the year is set at $1.48 year. It has met expectations 0 times and missed earnings 4 times.

Business

British police say six arrested in anti-terrorism raids

The unit was supported by officers from Derbyshire, Staffordshire and the Metropolitan Police. Here is an earlier report about the four who were arrested in Derby . Local officers will be patrolling the areas to speak to anyone with concerns, police said. Steven Allen, 32, who lives in the road, said: "I've just come out of my flat, saw a police vehicle there, thought it a bit odd".


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