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Business

SUV stuck in TTC streetcar tunnel

A male driver has been fined after a SUV had to be removed from a tunnel designated for TTC vehicles near Union Station. TTC spokesperson Brad Ross says the driver claims he was just following his Global Positioning System when he ended up in the tunnel.

Business

Public cloud to see growth seven times greater than IT spend growth

And while SaaS's dominance might fade over time, it will still account for 60 percent of cloud spend by 2020, IDC said. That SaaS spending includes both applications and infrastructure, but application purchases will comprise more than half of public cloud spending through 2020.

Business

France make three changes for Ireland clash

Noa Nakaitaci stays on the right wing while Camille Lopez and Baptiste Serin go again at 10 and nine respectively. Bernard Le Roux will start in his place. Remi Lamerat 14. Yoann Huget 15. Rabah Slimani 4. Sebastien Vahaamahina 5. Notably, there's no specialist out-half on among the French replacements .

Business

Sell-side Review & Stock Update on AK Steel Holding Corporation (NYSE:AKS)

On Wednesday, Shares of United States Steel Corporation (NYSE:X) lost -2.60% to $40.49. A number of analysts offered their Estimated Earnings analysis for United States Steel Corp. 04/08/2016 - AK Steel Holding Corporation was downgraded to "sell" by analysts at UBS. AKS has P/E (Price to Earnings ttm) value of 0, Forward P/E of 10.99, P/C (Price to cash per share) of 15.78 and Price to Free Cash Flow (P/FCF) value of 15.44.

Business

Earlier, the dollar opened lower as investors awaited the

On early Thursday, however, the U.S. dollar somewhat recovered following overnight losses after market participants digested the latest Fed minutes . The headline PCE inflation rate had increased to 1.6% and a few members also pointed to evidence from other inflation measures that inflation was reaching the committee's 2% objective.

Business

Tesla Model 3 production to start in July

Tesla also intends to make more use of its SolarCity acquisition this year as it announced that the company is now working on expanding their solar energy department and creating more solar products to be made available on Tesla stores.

Business

ARRIS International PLC (ARRS) Posts Earnings Results, Beats Expectations By $0.09 EPS

Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.71 for the ARRS while maintaining high price target of 40 and average of 36.17, as reported by WSJ. Following the transaction, the executive vice president now directly owns 89,258 shares of the company's stock, valued at $2,581,341.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website .

Business

Hotpoint and Indesit issue tumble dryers safety warning

Tumble dryers sold under the Hotpoint, Creda and Indesit brands have been behind a series of fires. You may have heard about an ongoing issue regarding certain tumble dryers made by Whirlpool that have a potential fire hazard. A Whirlpool spokesman said: "Trading Standards confirmed, following an internal review by independent experts, that the modification programme remains the most effective way of resolving this issue".

Business

After Claims Of Sexism, More Stories Of Uber's Abusive Workplace Culture Surface

Sexism and harassment claims against Uber Technologies - the parent company of Uber Taxi service and Uber Eats - have intensified as a New York Times (NYT) report detailed complaints against the firm. As you've probably heard, Uber found itself thrust into the spotlight after former employee Susan Fowler published a blog post last Sunday about her experiences working for the company.

Business

The Popcorn Stand: MLB could lead fans to take intentional walk

However, it's estimated this change will save approximately one minute per intentional walk. A rule change is coming to Major League Baseball this season to improve the pace of play, but it likely won't do much in the big picture. Or maybe I'm just getting old . If it's something that comes from the top and it's vital to the survival of the game of baseball, of course, you jump on board.

Business

Goldman: 'Cognitive dissonance exists in the United States stock market'

Of all equities tracked, Goldman Sachs Group, Inc . While for the next 5 years, the growth estimate is 12.68%. (NYSE:GS) analysts said they expected us 30-year conventional mortgage rates to rise 150 basis points to about 5.5 percent by 2019, in step with an increase in benchmark Treasury yields and investors demanding higher compensation to own mortgage-backed securities.

Business

Ctrip.com International, Ltd. (NASDAQ:CTRP) Moves Into Potential Pullback Territory

During its last trading session, Stock traded with the total exchanged volume of 3.3 million shares. According to 29 analysts, Price Target for Ctrip.com International Ltd. The stock presently has a consensus rating of "Buy" and an average price target of $53.49. Shelton Capital Management increased its position in Ctrip.com worldwide by 12.3% in the second quarter.

Business

Global Eagle Entertainment Inc (ENT) Downgraded by Citigroup Inc

The analysts believe that the company stock price could grow as high as $18. The stock lost -27.97% in total of its share price. They now have a United States dollars 11.75 price target on the stock. Global Eagle also disclosed that it "expects to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 after the March 16, 2017 U.S.

Business

Sonia Gandhi accuses PM Modi of taking away people's 'happiness'

The Gandhi scion went on to quote a few lines of a famous Hindi film song: "I have a message for those spreading hatred, you will neither become a Hindu nor a Muslim, you are a human being's child and you will become a human being". Bharatiya Janata Party has responded to the letter, saying it indicates the Congress-Samajwadi Party alliance in Uttar Pradesh has failed. She said that "instead of providing " achche din ", the government has snatched everything from the poor, including their ...

Business

Storm Doris: Flights cancelled and disruption on roads

Meanwhile two men were also seen helping an elderly woman along the same stretch of pavement as the country was hit by the violent weather conditions. The Republic of Ireland's state Electricity Supply Board said some 37,000 customers were without power due to around 1,000 separate faults, with high winds and falling timber damaging electricity lines.

Business

Five things you need to know about MP Brian Molefe

Molefe, meanwhile, sat quietly while learning how to use the Parliamentary systems. The opposition Democratic Alliance described the appointment as a "major escalation in the civil war within the ruling party and the battle for control of national treasury".

Business

The PNC Financial Services Group, Inc. (NYSE:PNC)

Ltd. raised its stake in PNC Financial Services Group by 1.6% in the second quarter. (The) by 56.0% in the second quarter. After this purchase, 12,225 common shares of HIG are directly owned by the insider, with total stake valued at $591,201.

Business

Glencore net up, outlook better as commodity price revive

The Baar, Switzerland-based company reported net income before exceptional items of $1.99 billion in 2016, against $1.34 billion the year before when Glencore was mired in debt and considered by some as on the brink of collapse. He also suggested extra cash could fund small deals to bolster existing assets. Glencore shares have more than doubled over the past year as a growing optimism about Chinese and U.S.

Business

US Home Sales Surge to 10-Year High

While the Fed chose to leave its interest rates unchanged at a meeting three weeks ago, investors widely expect two to three more rate hikes this year, perhaps as early as March, as the Fed continues on its path of gradually raising interest rates to combat gathering inflation.

Business

Committed to 'very significant' tax reform by August: Mnuchin

Mnuchin said that there were "some concerns" with a border adjustment tax but that it also had "interesting aspects". He said tax reform will focus on middle-class tax cuts, tax simplification and lower corporate tax rates, all promises Trump made as a presidential candidate.

Business

Notable Stock Analysts Ratings: Boston Scientific Corporation (NYSE:BSX)

In case of Revenue Estimates, 20 analysts have provided their consensus Average Revenue Estimates for Boston Scientific Corporation as 2.08 Billion. The last session's volume of 7.96 million shares was lower than its average volume of 8.82 million shares.

Business

Stock futures flat as investors assess Fed minutes

Oil futures rose after OPEC said it was sticking to its deal to reduce output. Details on U.S. fiscal stimuli remained sketchy, but investors seemed patient for progress on these possible programmes as they have been assuaged by upbeat company results.

Business

Analyst Research and Recommendations: American Express Company (AXP), Abercrombie & Fitch Co. (ANF)

According to these analysts, the Low Revenue Estimate for American Express Company is 7.51 Billion and the High Revenue Estimate is 7.92 Billion. ZWJ Investment Counsel Inc.'s holdings in American Express Company were worth $13,965,000 as of its most recent filing with the SEC.

Business

India vs Australia, 1st Test Day 1: Australia elect to bat

Little did anyone know that one of the standout performances of the day would come from Umesh Yadav. The pitch was dry and parts of it had huge cracks which would have been a frightening sight for the Aussies, who are aware of India's spin firepower.

Business

Tesla Claims Its Battery Cost Goes Below $124/kWh At Gigafactory

More than 40,000 units of the Model S and Model X is expected to be delivered by the company during the first two-quarters of the year . Revenue, cash, and orders for the Model S and X are all up. While looking at the Stock's Performance, Tesla Motors , Inc. now shows a Weekly Performance of 1.11%, where Monthly Performance is 11.68%, Quarterly performance is 48.01%, 6 Months performance is 21.8% and yearly performance percentage is 63.42%.

Business

Notable Runners -Fang Holdings Ltd (NYSE:SFUN), HSBC Holdings plc (ADR) (NYSE

HSBC Holdings plc (HSBC) is the banking and financial services company. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters , 1 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating.

Business

British Gas sees residential profits tumble by 11 per cent

The industry has faced mounting pressure to treat loyal customers fairly and has been criticised for being slow to pass on falls in wholesale gas prices, with consumer groups hitting out at the size and timing of cuts. Following a two-year investigation by the Competition and Markets Authority (CMA), Ofgem announced it will put a price cap on prepayment meters. "2016 was a year of robust performance and progress in implementing our customer-focused strategy".

Business

Barclays shares rise 3% on profits surge

Barclays UK saw underlying profits fall from £2.7 billion to £2.6 billion, and Barclays International saw underlying profits fall from £3.9 billion to £3.7 billion. HSBC had also reiterated contingency plans to shift 1,000 jobs to France depending on the nature of any Brexit deal but Mr Staley said Barclays had no plans to shift staff to Europe.

Business

Morning Runner: General Electric Company (NYSE:GE)

Equity research analysts have given opinions on where they foresees the stock level. Wolfe Research downgraded shares of Portland General Electric Company from a "market perform" rating to an "underperform" rating in a research report on Tuesday.

Business

India Inc pay hikes to be at 8-year low in 2017

The study, released on Wednesday, said this is a marginal decrease from 2016. This year, however, a host of factors-Brexit, the change in the U.S. government, demonetisation, and a reduction in startup funding-have led to this significant drop.

Business

Norwegian confirm transatlantic flights from Shannon with €69 fares

Norwegian's initial transatlantic route map from Edinburgh. . Stewart International in New York state is 90 minutes with train and bus routes into New York City. While the flights are at rock bottom prices, passenger will have to pay extra to buy food on board and to put luggage in the hold. Tickets to Stewart International and Providence Airport start at £69.

Business

Boeing unveils first 787-10 Dreamliner

Korean Air is scheduled to introduce five 787-9s to its fleet this year, with another five due to join its fleet by 2019. At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther.

Business

Federal Reserve voted for rate hike eyeing possible U.S. inflation surge

But the minutes didn't offer a clear sign on when the Fed will next raise rates, disappointing some investors. Feb 22 The Federal Reserve is set to gradually raise interest rates as long as the US economy continues on its current path, an influential Fed governor said on Wednesday.

Business

PSA's Profit Leap for 2016 Strengthens the Peugeot Manufacturer

That position is now held by rival French automaker Renault. Last month, the carmaker said auto sales rose 5.8 percent to 3.15 million units in 2016 in an increase largely due to its resumption of business in Iran following the easing of most worldwide sanctions under a nuclear deal with world powers.

Business

Manchester United fans anxious Fellaini will start EFL Cup final

Mkhitaryan scored the only goal as United strolled through to the last 16 of the Europa League with a 4-0 aggregate win over the French side. Obviously they are both important players for us and not to have them for the final is complicated.


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