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Business

Uberpool not illegal, says Uber

The App also identifies all the riders and the Driver Partner .The law permits a contract carriage permit holder to stop to pick upor set down passengers who are included in the contractualunderstanding with the driver. However, a new angle was derived, after few officials realized that such taxi-apps are only allowed to conduct point to point pick-ups and drops within the city premises, as they have "contract carriage permits".

Business

Japan January services sector growth slows slightly, outlook stays bright

The Markit/CIPS construction purchasing managers' index (PMI) hit a five-month low of 52.2 in January after December's nine-month high of 54.2, a steeper decline than all forecasts in a Reuters poll, though still indicating modest growth. "The main area of concern is the extent to which companies' costs are rising", said Chris Williamson, chief business economist at the London-based company.

Business

Knife-Wielding Man Attacks Soldier Near Louvre Museum In Paris

The French newspaper L'Express said the suspect was carrying a knife and was wounded by the soldier. The Interior Ministry confirmed police action after a "serious incident" at the museum. Louvre officials said the museum was closed and that visitors already inside when the attack took place were being kept there. The attacker was seriously injured, it added.

Business

Fast start sees Watford shock Arsenal

That said, Arsenal have now gone six games without a win away at a top-six side, drawing four and losing two in that stretch. "I was very happy at the end because recently we deserved to win some games, but didn't because luck was not on our side".

Business

Bank of England revises up United Kingdom growth forecasts

The BOE's latest forecasts show it still expects a slowdown in the coming years as quickening inflation and subdued wage growth eat into household spending. Policymakers said it was likely that there was more room for the unemployment rate to fall before pay pressures start to emerge. This means there was more slack in the labour market than previously thought.

Business

Snapchat to make high-profile stock debut after revealing IPO plans

Snap had quietly filed its papers with the Securities and Exchange Commission late a year ago, since under the JOBS Act, a company making less than $1 billion annually in revenue can do so. In outlining its business plan, Snap said it generates revenue primarily through advertising and emphasized its willingness to take risks to drive user engagement at numerous points throughout the filing.

Business

Union Budget clueless : Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee on Thursday raised concerns over the issue of H-1B U.S. visas and called for a protection to IT companies and professionals. The party said the note-ban was implemented without taking Parliament into confidence. Presenting Union Budget, Jaitley claimed that double-digit inflation has been controlled and slow grown will be replaced by the high growth.

Business

Trump may soon sign H-1B visa program order

The tech industry's interest in this issue is clear, as it employs many foreign workers. A related visa is the L1, which is given to employees of a company who are transferred to the US. Many tech executives and venture capitalists opposed Trump's candidacy. "Foreign workers with work visas are at a disadvantage to start with", Liano said.

Business

American Airlines Group, Inc. (NASDAQ:AAL), MetLife, Inc. (NYSE:MET)

The consensus recommendation, according to Zacks Investment research, is 2.15. American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 20th. 10/31/2016 per share and the total transaction amounting to Andrew P Nocella. The shares were sold at an average price of $40.65, for a total transaction of $6,966,718.95.

Business

Budweiser's Super Bowl ad is immigration-themed

The ad - marking the 42nd year Anheuser-Busch will advertise during the Super Bowl - is meant to kick off Budweiser's yearlong ambition-inspired platform that it will use to celebrate those who live on their own terms, the company said .

Business

Snap Expects IPO This Month, Profits Elude Company

Investors also may have questions about how much time users are spending on Snapchat. The IPO comes shortly after Snap re-branded itself from Snapchat , the ephemeral messaging service for which it became famous, and introduced a connected eye-wear product called Spectacles that allows people to easily record videos and share them with their friends.

Business

UBS Securities Gives Marvell Technology Group Price Target With Potential 31.32% Upside

Marvell Technology Group Ltd. (NASDAQ:MRVL) has the market capitalization of 7.55 Billion. 11/18/2016 - Marvell Technology Group Ltd. was upgraded to "positive" by analysts at Susquehanna. was Initiated by Loop Capital to "Buy" on Dec 6, 2016. EPS measures what each share is worth and also indicates how much money their sharehoders would gain if the company was to pay out all of its profits.

Business

'My snake got stuck in my earlobe' - pet owner seeks hospital treatment

Firefighters were flummoxed. So, it was off the emergency room at Adventist (in case you ever get a snake stuck in your ear - this might be the hospital to consider). Her original post to Facebook has gone viral, generating over 32,000 shares and 23,000 likes. Doctors made a small incision and used vaseline for him to slither free.

Business

Gavekal Capital adds Occidental Petroleum Corporation (OXY) by $13485310

Finally, 1ST Source Bank boosted its stake in shares of Occidental Petroleum Corporation by 0.4% in the second quarter. LifeLock, Inc. has 0 buy ratings, 3 holds and 1 sells even after the stock tumbled -0.25% from its high of $23.99 to a $2.25 billion market value through last close.

Business

NY Times subscriptions doubled in 2016

During 2016, print advertising revenue fell by approximately 16 percent. On a per-share basis, the New York-based company said it had net income of 23 cents. The declining print-ad business that has rocked the industry for years, shrinking newsroom staffs, continues to do so. Digital ad revenue climbed by 10%, or about $7 million.

Business

Growth in global oil, coal demand could stop from 2020

The growth of battery-powered cars could be as disruptive to the oil market as the OPEC market-share war that triggered the price crash of 2014, potentially wiping hundreds of billions of dollars off the value from fossil fuel producers in the next decade.

Business

BoE Unanimously Vote To Retain Policy; Raises Growth Forecast

But nonetheless, the Bank and its governor Mark Carney resolved to "remain vigilant around the issue". In a sign of a developing split, the BoE said some of its rate-setters had "moved a little closer" to their limits for tolerating an overshoot of the Bank's 2 percent inflation target, caused by sterling's slide since June's Brexit vote.

Business

Tata Motors To Reveal A Mid-Engine Two-Seater Sportscar In Geneva

Tata Motors announced the launch of their new sub-brand today - called TaMo (short for Tata Motors). TAMO will operate as a separate vertical in the first step on a low volume, low investment model to provide fast tracked proofs of technologies and concepts, the company said.

Business

Past Quarters Earnings Report for Cadence Design Systems Inc. (NASDAQ:CDNS)

EST. The company provided EPS guidance of $1.32-$1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. (NASDAQ:CDNS) traded at an unexpectedly high level on 01/31/2017 when the stock experienced a -0.34 gain to a closing price of $26.03.

Business

Pound falls despite Bank's hike to growth forecasts

The BoE upgraded 2017 GDP growth to 2% from November's 1.4% and August's 0.8%, and nudged both 2018 and 2019 growth 0.1% higher to 1.6% and 1.75% respectively. After Britain surprisingly outgrew the world's other big rich economies past year, the BoE is expected to raise its 2017 growth forecast for the second time in three months, according to a Reuters poll of economists.

Business

Morning Runner: SeaDrill Limited (NYSE:SDRL)

The company reached its 52-Week high of $7.49 on Mar 4, 2016 and 52-Week low of $1.57 on Feb 11, 2016. This company was Downgrade by Morgan Stanley on 28-Jan-16 to Equal-Weight. The shares of Infosys Limited now represents -16.4 Percent Distance from 200-Day simple Moving Average. The projected growth estimate for the next quarter is 9.1 percent.

Business

Veterans Vow to Stop Dakota Access Pipeline: 'Not On Our Watch'

Construction of the final piece of the more than 1,700-mile pipeline is awaiting approval from the U.S. Army. "The Assistant Secretary for the Army Civil Works will make a decision on the pipeline once a full review and analysis is completed in accordance with the directive", it said in a statement .

Business

Shares of FireEye, Inc. (FEYE) Sees Large Inflow of Net Money Flow

Bank of America Corporation reaffirmed a hold rating and set a $15.00 target price on shares of FireEye in a report on Friday, November 4th. Overall the consensus ratings were for Hold as compared to Hold rating in last month, courtesy to WSJ.

Business

Chipotle Mexican Grill: 'Bad Sell-Side Math Won't Help Bulls'

The business's quarterly revenue was up 3.7% on a year-over-year basis. Several hedge funds and other institutional investors have recently bought and sold shares of CMG. After posting a 20% decline in same-restaurant sales last year, the company is vowing to bounce back with an increase in the high single digits this year.

Business

GOP suspends rules to push through EPA pick despite Dem boycott

With Tillerson, six high-ranking Trump nominees have been approved by the full Senate: Elaine Chao as transportation secretary; retired generals John F. Trump's nominee to head up the EPA, Scott Pruitt, has expressed his support for the agency's continued existence, but qualified that opinion by explaining that the organization should have a more limited scope.

Business

Amazon net income, revenue increase in Q4

During the quarter, Amazon recorded revenue of $43.7 billion - up 22% from the $35.7 billion it brought in during fourth quarter 2015. This was down on the 44.68 billion (£35.6bn) market analysts had predicted. Continuing its global expansion, Prime Video is now available in more than 200 countries and territories. But the company has never disclosed how many Prime members it has.

Business

Day Mover: Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP)

The danger here is a potentially overbought situation, but for now, the stock price is moving abruptly higher and through resistance. Looking into the profitability ratios of BP stock, investor will find its ROE, ROA, ROI standing at -3.90%, -1.40% and -4.80%, respectively.

Business

Fed leaves interest rates alone at first meeting of '17

Still, she warned that the Fed would prefer to wait until inflation reached 2 percent, a sign that the economy is sufficiently booming. Following the conclusion of its meeting, the Fed said it needs more time to consider the situation, despite inflation climbing towards its 2% target and strengthening of the job market.

Business

Lifetime to Air Women's Soccer in Push to Broaden TV 'Fempire'

NWSL has entered a partnership with A+E networks to broadcast games on Lifetime , one of the channels owned by the network. Lifetime's broadcasts will start with a pre-game show every Saturday of the season at 3:30 p.m. Women's soccer has been gaining in popularity, especially as the US women's national team has become a phenomenon winning Olympic and World Cup titles.

Business

Snapchat files for IPO as $SNAP - looks to raise $3 billion

Revenue and Losses: As a privately held company, Snap has yet to disclose its revenue numbers or whether it's even profitable. Snap will trade on the New York Stock Exchange under the ticker symbol SNAP. Facebook famously tried to acquire the company for $3 billion in 2013. For example, the company's mission: "Snap Inc.is a camera company". Snap is popular among North American teens and young adults.

Business

Why are Trump opponents deleting their Uber accounts?

Uber then tweeted to say its surge pricing, where fares go up during times of high demand, was being switched off at JFK. It also asked Uber to donate to nonprofit organizations that are fighting the ban, publicly declare it will not punish drivers protesting the ban and show its support by allowing users to tip through the app.

Business

Bank of England raises United Kingdom growth forecast again to 2% for 2017

The Bank has upgraded its forecasts for growth for the next three years, to 2 per cent this year, 1.6 per cent in 2018 and 1.7 per cent in 2019. "Domestic demand has been stronger than expected over the past few months, and there have been relatively few signs of the slowdown in consumer spending that the Committee had anticipated following the referendum", it added.

Business

Analysts At Craig Hallum Reiterated Cirrus Logic (NASDAQ:CRUS) As Hold

Zacks Investment Research cut shares of Cirrus Logic from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 28th. During the same period previous year, the firm posted $0.82 earnings per share. Hedge funds and other institutional investors own 87.91% of the company's stock.

Business

New Residential Investment Corp. (NRZ) Stock Rating Upgraded by Compass Point

The stock volatility for week was 1.75% while for month was 1.34%.The stock, as of last close, traded 78.92% to its 52 week low and was changed -7.23% from its 52 week high. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate.

Business

Bank of England sharply raises 2017 growth outlook

In recent months it has fallen below $1.21 against the dollar, but has bounced off those lows. "This looks like a major barrier to rates being hiked", says Wilson. Over the month, outstanding unsecured personal debt grew by £1 billion to bring the total to £193 billion, by the Bank of England's calculations, leaving annual growth at 10.6%.


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