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Business

Saudi Arabia hikes India's Haj quota by 34500

An Iranian delegation of representatives is going to visit Saudi Arabia on February 23 to discuss with Saudi officials the issue of Hajj, the Muslim pilgrimage which has been on halt for Iranians for the past year or so. If Haj travel is opened to more airlines, the airfare will be cheaper. The Supreme Court had in 2012 directed the Union government to gradually reduce and abolish Haj subsidy by 2022.

Business

Stonehenge tunnel plans finalised by government

Plans to widen the road have always been hampered by the proximity to the Neolithic monument and the archaeology of the area; 9.6 km² around Stonehenge is designated as an ancient monument and World Heritage Site. They sit at the heart of the world's most significant and best-preserved stone-age landscape. In 2015, historian Dan Snow said: "We have recently started to realise that the standing stones are just a beginning".

Business

80 flights cancelled at Heathrow

Airlines are encouraging passengers to double check their flight before making the journey to Dublin Airport. British Airways said it has liaised with Heathrow Airport and air traffic officials and has agreed, along with other airlines, to reduce schedules.

Business

OPEC to continue reduction in oil production to boost Pol prices

West Texas Intermediate crude futures rose 44 cents at $51.26 per barrel. USA crude was last down $1.39, or 2.57 percent, at $52.6 per barrel. Futures prices for both crude benchmarks marked the lowest settlements since December 7, according to FactSet data .

Business

Ameriprise Financial Inc. Has $19311000 Position in Host Hotels & Resorts, Inc. (HST)

Corporate insiders own 1.90% of the company's stock. The average volume stands around 10.52 million shares. Franklin Resources Inc. raised its position in shares of Host Hotels & Resorts by 1,605.4% in the second quarter. REIT - Hotel/Motel holds an EPS of 1.07 that demonstrates an EPS growth this year at -23.20%. Many Analysts provided their foresight on Revenue Estimates of Host Hotels & Resorts, Inc.

Business

Turkish parliament debates constitutional amendments

According to Britain's Guardian newspaper, protests were reported from some quarters as parliament began its deliberations. Muharrem Erkek, Çanakkale province deputy for the Republican People's Party (CHP) - the main opposition party - and a member of the constitutional committee, told Vice News: "I want to express that it is not a presidential system".

Business

Tidal lagoons 'could ensure United Kingdom power supplies'

Similarly, when the tide rises, power would be generated as water fills the lagoon. Juliet Davenport, chief executive of renewable electricity company Good Energy - one of the first investors in the Swansea Bay project - said: "By kicking off a British tidal lagoon industry we are presenting the world with another awesome low-carbon option, and its British know-how that will be called upon should other countries look to take up that option".

Business

Anadarko Petroleum Corporation (NYSE:APC) Earnings Preview: Should Traders Be Nervous?

Several other equities research analysts also recently issued reports on MRO. Underperform rating was given by 3 analyst and Outperform rating was given by 9 analyst. CNN, the news division of Time Warner Inc, said on Wednesday that its decision to publish "carefully sourced reporting" on unverified intelligence documents concerning Donald Trump is "vastly different than Buzzfeed's decision to publish unsubstantiated memos".

Business

Trump defamation by Twitter case tossed out

Jay Butterman, an attorney for Ms. Jacobus, told reporters the ruling will be appealed. Jacobus sued Trump for libel, claiming his tweets and his followers' responses damaged her reputation and professional opportunities. "Indeed, to some, truth itself has been lost in the cacophony of online and Twitter verbiage to such a degree that it seems to roll of the national consciousness like water off a duck's back".

Business

Primark enjoys a Brexit sales bounce

In its first quarter trading update, ABF said Primark's sales were up 11 per cent at constant currency and that "the United Kingdom performed well". The increase in sugar prices combined with the lower beet costs and a weak sterling/ euro exchange should see the division's full-year operating result "improve substantially".

Business

Delta Air Lines Q4 Earnings Fall 31%, Meeting Views

In Delta Air Lines, Inc . Janus Capital Management LLC increased its stake in shares of Delta Air Lines by 86.5% in the second quarter. Capital Guardian Trust Co. For the next 5 years, Delta Air Lines, Inc .is expecting Growth of 11% per annum, whereas in the past 5 years the growth was 26.87% per annum. Credit Suisse Group reiterated a "buy" rating on shares of Delta Air Lines in a report on Tuesday, November 8th.

Business

Iran Takes Delivery of 1st Airbus Plane after JCPOA

Navy in 1988. Iran Air officials say the plane will be used for domestic flights, though they may also be used for global flights. A first Airbus aircraft arrived in Iran on Thursday as part of a huge order placed after the lifting of global sanctions on the Islamic republic.

Business

Secretary of State pick, Rex Tillerson, gets grilled in confirmation hearing

One notable thing about Tillerson's hearing on Wednesday (11 January) was his professed lack of knowledge. Rubio asked Tillerson about the Russian hacking of the Democratic National Committees emails during the 2016 election, sanctions against the country and about Russian President Vladimir Putin, expressing dissatisfaction with the responses he was getting from Tillerson.

Business

Amazon Prime to premiere Ronja, the Robber's Daughter

Since the early '80s, Studio Ghibli - headed by Hayao Miyazaki - has been creating visually stunning, emotionally riveting, award-winning animations that've resonated with audiences young and old alike. In today's TV News Roundup , premiere dates for "Ronja, the Robber's Daughter" and more, plus a new exec comes to TBS and TNT. While painstaking hand-drawn artwork is a Studio Ghibli trademark, this isn't the first time CG graphics have been used.

Business

Worth Observing Stocks: ConocoPhillips (NYSE:COP), Valero Energy Corporation (NYSE:VLO)

SunTrust Banks, Inc. raised their price objective on Duke Energy Corporation from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, September 26th. Duke Energy Corporation (NYSE:DUK)'s earnings per share has been growing at a 6.1 percent rate over the past 5 year when average revenue increase was noted as 10.4 percent.

Business

Marks & Spencer clothing arm returns to sales growth of 2.3%

Rowe noted that, looking forward, M&S's fourth quarter numbers will be adversely affected by sale timing and a later Easter. He added the group would plough on with its restructure plans "against the background of uncertain consumer confidence".

Business

Tesco Sees UK Like-For-Like Sales Rise Over Christmas Period

Britain's biggest grocer reported a 1.5pc rise in like-for-like sales for the 13 weeks ending November 26. Over Christmas, Tesco's like-for-like sales grew by 0.3pc for the six weeks to January 7, while in the United Kingdom like-for-like sales grew by 1.3pc.

Business

Occidental Petroleum Corporation's (OXY) loss of -1.60%

Charter Trust Co. now owns 12,075 shares of the company's stock worth $912,000 after buying an additional 420 shares in the last quarter. The heightened volatility saw the trading volume jump to 39,35,597 shares. Goldman Sachs Group, Inc. Occidental Petroleum Corporation got Downgrade on 4-Jan-17 where investment firm BofA/Merrill Downgrade the stock from Buy to Neutral.

Business

Stock Seesawing Amidst Rampant Activity: SUPERVALU Inc. (NYSE:SVU)

In the last trading session, The Company traded 5.19 Million shares. SVU's revenue was down -1.4% compared to the same quarter past year. Though executives noted that the trend was an improvement from a few months earlier, it was a steeper drop than the 4.7% forecast by Consensus Metrix, a compiler of analyst estimates.

Business

EXTRA: Taylor Wimpey Order Book Dips, But Upbeat On 2016 Profit

The group said it expected to report an improved full year operating profit margin of around 20.8% up from a 2015 figure of 20.3%, and a return on net operating assets of over 30%, up from 27.1%. The second-largest United Kingdom home builder by market capitalization said it expected to report full-year earnings before interest, taxes and amortization of between 706.4 million and 755 million pounds ($860 million to $919 million).

Business

National Football League odds: Divisional round matchups figure to produce fewer blowouts

The Seahawks' biggest stars are still on defense. The Seahawks have been known for physical play in their secondary. After Saturday's game against Detroit, however, the Seahawks should go into Atlanta with the confidence that the team will not have to rely exclusively on the passing of quarterback Russell Wilson to be in a position to win a game.

Business

Taoiseach urges Northern Ireland parties to 'engage and find a way forward'

Introduced while Foster was minister for enterprise, the scheme was meant to help businesses with the costs of using eco-friendly heating, but reportedly resulted in an overspending of up to 490 million pounds ($595 million). There's been a softening of negativity among local businesses concerning the implications of Brexit, according to Limavady-native and Chief Executive of the Northern Ireland Chamber of Commerce, Ann McGregor.

Business

FTSE 100 closes at record high after longest-ever winning streak

The pound regained some poise versus the greenback during afternoon trading, rising by a marginal 0.02% to 1.216. That compares to a 1.1% drop in the previous trading update. Laith Khalaf, senior analyst at Hargreaves Landsdown, said the FTSE 100 had risen for an eleventh session on the bounce, matching the longest winning streak the index has ever produced.

Business

Stocks Trending Alert: Brookdale Senior Living Inc., Merrimack Pharmaceuticals Inc

Wells Fargo & Company lowered shares of Brookdale Senior Living from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 2nd. Neuberger Berman Group LLC now owns 56,457 shares of the company's stock worth $872,000 after buying an additional 14,389 shares during the last quarter.

Business

Pharma Industry 'Getting Away With Murder'

Last year, Mother Jones reported on the "enormous financial influence of the drug industry, which rivals the insurance industry as the top-spending lobbying machine in Washington". It's on the agenda now. The broader market remains near all-time highs after surging in the first few weeks after the election. Big Pharma was already struggling with a negative outlook for the year, as captured in a breakfast reception tied to the J.P.

Business

How Barrick Gold Corporation (NYSE:ABX) trades after earning announcements?

In the past 5 years, the stock showed growth of -45.84% per annum. Now the stock has been rated as "Buy" from 15 Analysts. Commerzbank Aktiengesellschaft FI now owns 8,197,244 shares of the company's stock valued at $175,011,000 after buying an additional 2,088,846 shares during the period.

Business

Fox's Shep Smith Defends CNN Over 'Belittling' from Trump

It represents the core of what the First Amendment protects, informing the people of the inner workings of their government; in this case, briefing materials prepared for President Obama and President-elect Trump last week. As CNN pointed out, Trump is using Buzzfeed to deflect from the very real allegations made by CNN. CNN, by contrast, reported only that a synopsis based on that report was part of an intelligence briefing to both Trump and President Obama, that the FBI was investigating ...

Business

What are analysts Suggestions on: Eldorado Gold Corporation (NYSE:EGO)

Bridgewater Associates LP now owns 597,900 shares of the company's stock valued at $2,347,000 after buying an additional 74,400 shares in the last quarter. If you are reading this piece on another domain, it was illegally stolen and republished in violation of United States & global copyright and trademark laws.

Business

Analytical Preview of Wells Fargo & Company (NYSE:WFC)

Sell side analysts that regularly cover the stock have provided price targets and recommendations on Wells Fargo & Company (NYSE:WFC). Analysts mean target price for Seaspan Corporation (NYSE:SSW) is $11.80 while their mean recommendation is 3.30 (1=Buy, 5=sell).

Business

Province green lights Kinder Morgan pipeline, reaches benefits deal

The project has been met with fierce opposition from a number of environmental groups and First Nations groups and just last month, conservation groups filed a new court challenge to the federal government's approval of the oil pipeline. "We believe environmental protection and economic development can occur together, and the conditions attached to the EA certificate reflect that". However, B.C.'s conclusion on environmental harm could not conflict with federal law or federal requirements.

Business

Delhi Shivers As Temperature Drops To The Season's Lowest Of 5.2 Degrees

In Himachal Pradesh, tourist resort towns of Shimla and Manali also witnessed bitter cold, recording minimum temperatures of minus 3.2 and minus 6.6 degrees, six and eight degrees below normal respectively. The local weather office said that there no respite is likely from the cold wave in the next 48 hours. In Jaipur, the District Collector has directed schools will not start before 9.30 a.m.

Business

Volkswagen Pleads Guilty In Emissions Scandal

On Monday, Schmidt was accused of conspiracy to defraud the United States over the company's emissions cheating and the automaker was charged with concealing the cheating from regulators. Including its Audi, Porsche, and Skoda brands, the company sold some 10.3 million vehicles worldwide in 2016, an increase of 3.8 percent year-on-year.

Business

Walmart Plans Hundreds of New Job Cuts

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 17th. Brian Yarbrough, a retail analyst with Edward Jones, said job cuts at the home office would be another sign of how hard the changing retail environment is for Wal-Mart with competitors like Amazon.com.

Business

Southwest Airlines announces December, Q4, full-year 2016 traffic stats

The company rocked its 52-Week High of $52.12 on Jan 5, 2017 and touched its 52-Week Low of $33.96 on Feb 8, 2016. Southwest Airlines Company's dividend payout ratio is presently 11.40%. Reiterated Rating of Buy. To view the price target ranked by analysts, LB attains high-level price target of 96 while lower level target was 48, it can be use an indication to know how much worth stock has stored in it.

Business

Donald Trump Slams CNN Reporter During News Conference

It's all fake news. While he has conducted one-on-one interviews with select media and taken questions from reporters in informal settings, his performance at the press conference will be scrutinized, as polls show his already bleak approval ratings deteriorate further as the clock ticks down to inauguration day on January 20.


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