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Business

Construction Spending Rose in November

However, the rate is almost 11 percent higher than a year earlier. Construction spending in October was revised up to show a 0.6 percent rise instead of the previously reported 0.5 percent increase. Commercial construction, which includes retail, warehouse and farming facilities, rose 0.3 percent in November and 12 percent year-over-year. In the NY area, residential construction starts lagged in November, while nonresidential construction starts took a huge leap.

Business

Oil hits 18-month high at $58.37

The cartel as a whole has pledged to cut production by 1.2 million barrels a day, with 11 non-OPEC oil producers, including Russian Federation, promising to curb output by another 600,000 barrels a day. This is a 1.2-million barrel per day production cut. Book also dismissed the notion of coordinated action by OPEC and Russian Federation, pointing out that "We've been waiting to see this come through for decades; is this going to be the time?" Libya plans to ship from a port near Tripoli ...

Business

Property assessments soar in the North Okanagan

But while many higher priced, lake-shore homes in the area have dropped in assessed value, overall the typical single family detached house in Kelowna jumped in value in 2016 by 11.1 per cent, in West Kelowna 10.7 per cent, in Lake Country 16.3 per cent and Peachland 10.8 per cent, according to figures released by the assessment authority this week.

Business

Trump blasts GM for Mexican-made Chevy Cruze

The firm only imports the hatchback version from a factory in Ramos Arizpe, Mexico, which represents a small percentage of the 172,000 Cruzes sold by GM in the U.S., spokesman Patrick Morrissey said . While the average age of a vehicle is still at record highs, subprime automobile loans will soon start to become a problem and incentivized selling has driven much of the USA auto makers fantastic results over the last few quarters.

Business

Marathon Oil Corporation (MRO) Earns "Hold" Rating from RBC Capital Markets

Los Angeles Capital Management & Equity Research Inc. now owns 454,673 shares of the company's stock valued at $14,436,000 after buying an additional 446,660 shares during the period. The Company operates through three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas ...

Business

Apple Watch Series 3 manufacturer focused on better battery life

Well , sorry, but it sounds like that's just not going to happen, with latest leaks suggesting the third-generation wearable will retain the same square form factor as its predecessors. But what exactly will the release of the Apple Watch Series 3 bring? Performance was a problem for the Apple Watch Series 2, so it only makes sense for Apple to focus on it.

Business

The FTSE 100 has reached another record high

The UK's leading companies drove the FTSE 0.7% higher to 7,202 points in early trading, but it has since given up some of the gains to trade around 7,165.9 as sterling reversed earlier losses. "The UK's housing sector could particularly perform well under that scenario and perhaps you may want to look at some prominent estate agents' stocks which have been brutally punished in 2016".

Business

German inflation hits highest level in three years in December

A breakdown of the non-harmonized data showed rising energy prices and higher food costs were the strongest drivers behind the overall increase. These are really strong inflation data, showing that the negative effects of lower oil prices now has no fade.

Business

RBI clears Paytm payments bank

Last year, Paytm announced a partnership with ICICI Bank to launch the virtual debit cards. Mobile payments and commerce platform Paytm has received the final approval from Reserve Bank of India (RBI) to formally launch its payments bank, almost an year and half after getting the "in-principle" approval from the central bank.

Business

Trump to Obama: Don't Let Any More Prisoners Out of Gitmo

Obama promised to close Guantanamo Bay during his first presidential campaign in 2008. Obama has made closing the detention facility a priority for his administration, arguing that its use has been a potent recruiting tool by terror groups and the prison has damaged USA reputation overseas.

Business

Asos reiterated as Hold By HSBC

Numis Securities maintained N Brown Group plc (LON:BWNG) rating on Thursday, September 22. They now have a GBP 7.00p price target on the stock. They have a GBP 1190.00p price target on the stock. They have a GBP 1200.00p price target on the stock. 06/24/2016 - Standard Chartered had its "sell" rating reiterated by analysts at Deutsche Bank. They have a GBP 1150.00p price target on the stock.

Business

Foxconn to set up Apple products manufacturing unit in Gujarat

The Cupertino-based company, Apple has been stepping up its efforts to grow its business as the Indian government has been incentivising companies to start manufacturing in India, exploring local manufacturing as a way to lower the cost of its devices and set up official Apple-branded stores.

Business

George W. Bush to attend Trump's inauguration

The event will put the 2016 presidential rivals on the same platform only weeks after their tough campaign. A similar situation unfolded in 2000 when outgoing Vice President Al Gore attended the inauguration of George W. Bush's father, however, reportedly crossed the aisle and voted for Clinton. Former presidents traditionally attend the ceremonial transfer of power at the US Capitol.

Business

Tesla Extends Free Unlimited Supercharger Use to Early January Buyers

Tesla has a self-driving build of its software for the latest Autopilot hardware suite that can detect and act on intersections with stop signs as demonstrated in recently released videos, but the feature is still only part of the development program of its fully self-driving system and not intended for the "Enhanced Autopilot".

Business

China launches first freight train to London

A new freight train service between China and the United Kingdom has been launched, BelTA learned from China Daily. The route runs through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France, before arriving in London. China's One Belt, One Road initiative aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence.

Business

Controversial McDonald's Opens on Vatican Property

The McDonald's opened Friday in a Vatican-owned building in the Pio Borgo district of Rome, about 100 yards from the Vatican State, the Catholic Press Agency reported Sunday . This time, however, the opposition was all for naught. "Anything that is good for the economy of our country is fine by me", she said. Cardinal Calcagana's stance is probably a wise one for religious leaders to take, as the commercialization of historic Rome at this point seems inexorable.

Business

Analysts, Options Traders Upbeat Toward Post-Conduent Xerox Corp (XRX)

During the same quarter a year ago, the company earned $0.24 EPS. The consensus recommendation provided by analysts is now 2.90. According to their observations and findings, the stock could provide a high EPS of $0.29/share and a Low EPS of $0.25/share.

Business

China Confirms Aircraft Carrier Participated in Military Drills in South China Sea

China claims most of the South China Sea through which about $5 trillion in ship-borne trade passes every year. Beijing's territorial claims to the Spratly Islands, known as the Nansha Islands in China, which are believed to be rich in oil and gas reserves, run counter to those of the Philippines, Taiwan, Malaysia, Brunei and Vietnam.

Business

ANZ sells stake in Shanghai bank in Asian retreat

ANZ's stake in the Chinese bank contributed $259 million to ANZ's post-tax profits a year ago. The ANZ Bank has sold its 20% stake in Shanghai Rural Commercial Bank for $1.838 billion, about three times what it paid for it. Elliott, who has been in the job for about a year, announced the sale in October of the bank's retail and wealth management business in Singapore, Hong Kong, Taiwan, China and Indonesia to Singapore's DBS Bank.

Business

Baggage handler survives 90-minute flight while locked in cargo hold

Speaking to the Charlotte Observer , a United spokesperson added: "United Express flight 6060 operated by Mesa Airlines from Charlotte Douglas to Washington-Dulles (IAD) landed safely at IAD yesterday". When he arrived, the man appeared to be OK and refused medical treatment. The company is a leading provider of baggage handling services based in Texas, airline officials said.

Business

Ford Cancels Plan for New Small Car Plant in Mexico

Less is known about the company's plans for a 300-mile all-electric SUV, though electric-car proponents will welcome such a vehicle after minimal Ford efforts since 2012 with the Focus Electric compliance auto. He said he'd hit the company with a 35 percent tariff on vehicles it makes over the border and sells in the U.S. Doing so will safeguard about 3,500 jobs at a facility in Wayne, Michigan, the company said in a press release, and the investment in a new "Manufacturing Innovation ...

Business

Euronext offers €510m for Clearnet's French business

LSE Group intends on keeping its London-based arm of LCH. According to the FT, the competition probe was revised to exclusively focus on whether the operation will unduly dominate derivatives clearing. Listed derivatives and commodities counted for 20%. Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext said: "The potential acquisition of Clearnet represents an opportunity for Euronext to achieve revenue growth and diversification".

Business

When is Carrie Fisher's funeral? Memorial for Star Wars legend this week

Last week, the world mourned the loss of Star Wars actress Carrie Fisher after she suffered a heart attack while on a flight from London to Los Angeles . Writing in a column for The Hollywood Reporter , Joely - who is the daughter of singer Eddie Fisher and actress Connie Stevens - wrote: "We spent the better part of our childhoods as neighbours, our two families right next door.

Business

Budget session likely from January 1

The Budget Session, which is the longest session of Parliament, is normally held towards the end of February, but the Centre is trying to convene the session in January end. In the past, funds were not allotted from the beginning of the financial year on 1st April, creating a backlog and choking funds. With this merger, Indian Railways is expected to rid of the annual dividend it has to pay for gross budgetary support from the government every year.

Business

Trump threatens "big border tax" on GM over Chevy Cruze production

GM responded to Trump's tweet , saying that all Cruze sedans sold in the USA are built in Lordstown, though it noted that a "small number" of Cruze hatchbacks made in Mexico are sold in the U.S. IN said it would provide up to $7 million in tax incentives to the air-conditioner maker Carrier to persuade it to keep hundreds of jobs in IN that were originally planned to be sent to Mexico.

Business

Finland's Basic Income Experiment Hopes to Reduce Poverty

Unemployed people in Finland will now receive a basic income of around £480 per month in an attempt to get 2,000 jobless Finns back to work. The latest job figures from Finland in November show that the unemployment rate is now at 8.1%, with prime minister Juha Sipila and his government keen to tackle the problem.

Business

Iran Approves European, Asian Companies For Oil, Gas Projects

The historic deal lifted economic sanctions against Iran in exchange for Tehran curbing its controversial nuclear program. The Iranian Oil Ministry said on January 3 that the National Iranian Oil Company will soon hold tenders for energy exploration and production, something made possible due to Tehran's signing of a nuclear deal with six world powers in 2015.

Business

Gas prices are up for the start of 2017

According to AAA , the retail price for gasoline has increased 35 of the last 36 days, in large part because of the sustained rally in crude oil prices. Also, gasoline inventories in the Great Lakes region dropped almost 1 million bbl last week according to the latest EIA report. As a result, three of the most expensive states for gasoline are in the region, which is also the most volatile in the country.

Business

United Kingdom grocer cuts women's razor cost to match men's

Some of the products tested, which included razors and pens, appeared to charge a premium simply for being pink. Tesco's razors were singled out in a 2016 investigation by The Times , which found that products aimed at women and girls cost, on average, 37 per cent more than nearly identical products for men.

Business

Ready to get rid of your Christmas tree? Here's what to do

This is something we can all agree to avoid. Taking it down on this day is usually in observance of the Epiphany, also known as Three Kings Day, a Christian holiday. Trees should be placed at the curb by 9 a.m. for pickup. Trees brought in will be turned into mulch for landscaping at city parks and facilities. Note- If you want to drop off your tree-Residents can drop off natural, un-flocked trees for FREE at American Organics at 20055 Shay Road, Victorville, through January 31.

Business

Chinese cities issue smog alert

Timelapse video shot from a Beijing bank on Monday shows a thick cloud of yellow smog swallowing buildings as it rolls into the city. "On Sunday, 25 cities in China issued 'red alerts" for smog, which triggers orders to close factories, schools and construction sites.

Business

Bajaj Auto total sales down 22% in December

The scrip opened at Rs. 2640.00 and has touched a high and low of Rs. 2658.30 and Rs. 2556.00 respectively. The total number of shares traded during the day was 35099 in over 3376 trades. The company has sold 22217 commercial vehicles during December 2016, a drop of 46% year-on-year in comparison with sales of 41221 commercial vehicles during December 2015.

Business

Two kids abducted and believed to in danger

He has brown hair and brown eyes. Police said 10-year-old Avery Rader and his brother 6-year-old Zek Rader were last seen just before 5 p.m.in Princes Lake, Indiana. Zek is 3' and 40 pounds with short brown hair and brown eyes. 727MIO. Sgt. John Perrine with Indiana State Police tweeted a photo of a similar vehicle.

Business

Hyundai, Kia global sales fall 2 pct; miss target

Its domestic sales jumped 39 percent to 111,101 cars. The company's monthly sales increased 10.5% from a year ago to 16,705 in December 2016 to hit a new high. The flagship smartphone, released in August, caught fire and overheated, prompting two global recalls and its discontinuation a year ago. Specifically, Hyundai Motor Company sold 658,642 cars in South Korea and 4,201,407 out of the country, down 7.8% and 1.2% from a year ago, respectively.

Business

Islamic State claims deadly bombings in central Baghdad

The radical Sunni group said that two suicide bombers detonated their explosive belts amid a crowd of Shiites at the market. No one has claimed responsibility for the blast, but the Islamic State has executed similar attacks in the past. Sixty-four people were killed in the attacks, according to a security official from Baghdad Operations Command, who spoke on the condition of anonymity because he was not authorized to release the death toll.


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