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Bee-Line fares to change Sunday, get in line with MTA

A single MetroCard ride is still $2.75, but weekly and monthly cards now cost more. The seven-day MetroCard increased by $1, while the 30-day MetroCard went up to $121 from $116.50. Subway ridership fell only about 0.3 percent to 1.756 billion trips past year with weekday ridership topping six million on some weekdays, and at its highest level since 1948.

Business

G20 drops pledge to fully oppose trade protectionism amid Trump pushback

The G20 has in the past pledged support to the existing multilateral trade system, including the World Trade Organisation (WTO). "We are working to strengthen the contribution of trade to our economies", said the statement concluding this year's meeting.

Business

G20 drops anti-protectionist pledge

Experts said before the meeting that a failure by the G20 to commit to free trade would signal that Trump is serious about following through with at least some of those threats. That could include job training and education, since the International Monetary Fund says trade and globalization have benefited higher-skilled workers.

Business

U.S. Bancorp (USB) Stake Reduced by American Trust Investment Advisors LLC

Kentucky Retirement Systems purchased a new position in U.S. Bancorp during the second quarter valued at about $5,566,000. U.S. Bancorp (NYSE:USB) jumped 0.13 percent and ended the day at $55.03. The business's revenue for the quarter was up 4.3% on a year-over-year basis. U.S. Bancorp had a net margin of 25.89% and a return on equity of 13.88%.

Business

Trump puts his mark on budget

So that's a lot of money. Sen. Marco Rubio of Florida said cuts to the State Department - the second-biggest loser in Trump's budget - "undermine America's ability to keep our citizens safe". Outrage these days is the currency by which opinions are sold. Under the Trump budget, pollution cleanup efforts and energy efficiency measures would be shoved to the side.

Business

China to build on 'Panatag' this year

Then on Friday, a Hainan Daily report quoted Sansha Communist Party secretary Xiao Jie as claiming that China will begin preparatory work this year for the environment monitoring station in Scarborough Shoal. During his Senate confirmation hearing for secretary of state, Rex Tillerson compared China's island-building and deployment of military assets to Russia's 2014 annexation of Crimea, and suggesting China's access to the island should not be allowed.

Business

Stocks for your portfolio - Intel Corporation (NASDAQ:INTC), Mobileye NV (NYSE:MBLY)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in Intel by 0.6% in the third quarter. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.

Business

Economy Watch: Interest Rates Rise, So Does Inflation

Having fog-horned their decision to move the Fed Funds target rate band up by 25 basis points to a level between 0.75 and 1.00 per cent, comments from chairman Janet Yellen after yesterday's meeting were perhaps more dovish than traders expected.

Business

Southland Mall JCPenney store survives corporate closures

Marie, Mich., location is one of 138 being closed by the American department store chain later this year. The JCPenney store in Rome is safe - as are the stores at the Sangertown Square Mall in New Hartford and Destiny USA in Syracuse, according to a company announcement.

Business

Steel Dynamics Inc. (STLD) shows weekly volatility of 3.41%

The Stock had a 1.64 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.58 and 1.45 respectively. Thus the company showed an Earnings Surprise of 0 Percent. The stock's market capitalization is 8.81B, it has a 52-week low of 21.57 and a 52-week high of 40.17.

Business

'Ridiculous' claims that GCHQ spied on Trump 'will not be repeated'

White House press secretary Sean Spicer repeated claims last night that the British spy agency GCHQ bugged Donald Trump for Barack Obama in order to ensure there were "no American fingerprints" on the alleged surveillance. Mr Spicer claimed Mr Obama was "able to get transcripts of conversations involving President-elect Trump". The White House wouldn't confirm whether the British government asked for Mr Spicer to retract his remarks, or whether it was under consideration.

Business

G-20 summit ends without consensus on trade, climate

The confrontation at a two-day meeting of finance ministers of the Group of 20 economies pitted the US, which is seeking to rectify what it says is an off-kilter global trading system, against a bloc of advanced and emerging market countries attempting to head off what they see as President Donald Trump's protectionist agenda.

Business

Brazil meat packers accused of exporting rotten beef

Investigators are alleging health inspectors and politicians were bribed by some managers to get their products government certifications. He said at least one executive reported that rotten meat was mixed with healthy meat to be sold to consumers.

Business

France regrets G20 meeting outcome on trade, climate change

Reports suggest the difficulty stems from a major shift in the views of the United States, where the new Trump administration is considering protectionist trade measures to curb imports and considers efforts to try to halt global warming a "waste of money".

Business

Debt limit goes back into effect at level near $20 trillion

The borrowing limit had been suspended since November 2015, allowing the government to borrow as much as needed to meet obligations. It cited its high level of debt and uncertainty about the federal government's ability to manage that debt load following a debt ceiling showdown.

Business

Mnuchin at G20 plays nice while snubbing rules of world trade

In two days of meetings in Baden-Baden, delegates were split under the pressure of the new U.S. rhetoric on the balance of global trade, with most favouring a multilateral, rules-based system as now embodied in the World Trade Organisation.

Business

G20 ministers drop climate, anti-protectionist pledges

BOJ Governor Haruhiko Kuroda said while there was a shared consensus in the global community of the need to promote free trade, it was uncertain how the G20 debate could unfold. However, German Finance Minister Wolfgang Schauble struck a conciliatory tone, noting that in the USA the matters of finance and trade were divided in two portfolios.

Business

Allegheny Technologies Incorporated (NYSE:ATI) Broker Price Targets For The Coming Week

Finally, Bank of America Corp downgraded Allegheny Technologies from a "buy" rating to an "underperform" rating and set a $16.00 price target on the stock.in a report on Friday, January 20th. 10/07/2014 - Allegheny Technologies Incorporated was downgraded to "hold" by analysts at KeyBanc. 4 said a "Buy Rating" and 1 announced "Overweight Rating".

Business

G20 finance ministers meet as America First casts pall

In his first worldwide meeting since he was sworn in, Mnuchin said "the historical language was not really relevant". Sources close to the talks say the ministers were presented on Saturday with a compromise text that attempts to strike a balance between the position of the United States and other powers.

Business

Tillerson to face Chinese ire over blame for N.Korea tensions

Secretary of State Rex Tillerson indicated Thursday that he was on board with President Donald Trump's proposal to cut the State Department's budget by 28 percent for the next fiscal year. Tillerson began his two-day trip to South Korea on Friday, flying from Japan. He had flown in from Tokyo , where he had talks with Japanese Prime Minister Shinzo Abe and Foreign Minister Fumio Kishida, among others.

Business

EPA approves $100 million in federal funding for Flint

The new funding is a supplement to the EPA's State Revolving Fund (SRF), which supplies over $30 billion to states in need of infrastructure fix. "We are taking action to provide safe and reliable drinking water infrastructure that will protect the health and well-being of all Michiganders".

Business

G20 Economies Struggle with US 'Protectionism'

Finance chiefs of the world's largest economies yesterday set aside their previous commitment to avoid protectionist policies and fudged their statement on the desired nature of worldwide trade, in response to the Trump administration's view that global commerce arrangements need to be reworked.

Business

Trump Asks DC Circ. For Power To Fire CFPB Chief

The structure of the Consumer Financial Protection Bureau ( CFPB ) will not be supported by the DOJ in a legal battle over the constitutionality of it having a single director. But the law says the director may be removed by the president only for "inefficiency, neglect of duty, or malfeasance in office". The agency's structure also has come under attack, with some Republican lawmakers seeking to curb independence that was specifically drafted into the law to ensure its enforcement powers.

Business

Trader's Watch List: CVS Health Corporation (CVS), Adeptus Health Inc. (ADPT)

They now have a Dollars 31 price target on the stock. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Adeptus Health Inc. Current price places the company's stock -93.88% away from its 200-day simple moving average, -73.76%, away from the 50-day average and also -64.23% away from 20-day average.

Business

Maha Budget: Fadnavis Govt. increases Value-Added Tax from 23.08 to 25.93 pct

For the construction of Bal Thackeray memorial and BR Ambedkar memorial, the state has allocated Rs 200 crore. Chief Minister Devendra Fadnavis's pet project Jalyukt Shivar Abhiyaan which envisages a drought free Maharashtra by digging ponds and artificial bunds gets Rs 1,200 crore allocated in the budget.

Business

Turkey: Erdogan expects parliament to restore capital punishment

If Germany comes down hard on Turkey, it will surely strengthen Erdogan and bring dire consequences, Gabriel stressed, while not referring to the publication directly. Sweeping aside the EU's remarks , Turkey's European Union affairs minister and foreign minister earlier this week threatened to tear up the migration deal, accusing the European Union of reneging on its promise to grant visa exemption for Turkish citizens.

Business

Court orders TEPCO, state to pay evacuees of nuclear disaster

A court in Japan has ruled that negligence by the state contributed to the triple meltdown of the Fukushima Daiichi nuclear power plant in March 2011 and awarded significant damages to evacuees. Around 30 similar suits have been filed in at least 20 district courts across Japan, lawyers said. His child, who was three years old at the time of the nuclear disaster, received no compensation whatsoever.

Business

G20 may sidestep trade issue due to discord with the US - Schaeuble

We do not want unfair competition. Participants still disagree on how to address trade in a final communique from the two-day summit, with the U.S. at odds with other delegations over whether to repeat past commitments to reject protectionism, sources involved in the talks told AFP.

Business

Subway to Sue CBC For 'False' Reports About Chicken Products

CBC Marketplace last month said DNA analysis found that Subway's oven roasted chicken was just 53.6% chicken on average and the chicken strips were found to be made of just 42.8% chicken on average, the rest being soybeans. The sandwich chain responded to Marketplace's claims with a statement on March 1, announcing it had two independent labs test its chicken, and the tests found " the Canadian chicken products tested had only trace amounts of soy, contradicting the accusations made" by ...

Business

Despite US Rate Increases, the Dollar's Biggest Gains Look Done for Now

U.S. stocks closed higher on Wednesday, as oil prices bounced back and the Fed took a less hawkish stance than expected. Chinese stocks slipped 0.6 per cent as investors sought more evidence of a sustainable economic recovery, but indexes were set for a 1 per cent increase for the week.

Business

Despite Senate's assertion on lack of evidence, Trump 'stands by' wiretap claim

That pledge came after British officials lodged a high-level diplomatic complaint over White House press secretary Sean Spicer's citation of a disputed Fox News commentator's report suggesting the United Kingdom helped former President Barack Obama spy on his successor, as first reported Thursday by Bloomberg News.

Business

Dutch Anti-Islam Politician Loses Election But Sees Growing Support

However, Wilders, a non-practicing Catholic, also welcomed his Freedom Party's emergence as the second-largest party in the 150-seat Dutch Parliament and vowed his "patriotic spring" would triumph next time. It gave Rutte an opportunity to show his statesmanship by refusing to bow to foreign pressure, a stance with widespread backing in the nation. Dutch leaders on Thursday began the hard process of forming a ruling coalition, hours after voters dealt a blow to European anti-immigrant ...

Business

US Looking to Charge 4 People Related to Yahoo! Hacks

The charges came amid a swirl of controversies relating to alleged Kremlin-backed hacking of the 2016 US presidential election and possible links between Russian figures and associates of US President Donald Trump. "Rather than do that type of work, they actually turned against that type of work", McCord said. Obama administration officials said past year that the indictment of the Chinese officials and other efforts persuaded Beijing to somewhat curtail its aggressive cyber efforts to ...

Business

House will vote on Obamacare repeal Thursday as Trump pledges '100%' support

Additionally, the ratings agency notes the AHCA would reduce federal Medicaid financing and allow insurers to charge enrollees premiums up to five times more than younger enrollees, compared to the current 3:1 ratio. Another amendment would give states the option to convert Medicaid from an entitlement program (which covers anyone who meets certain eligibility requirements) into a block grant (a fixed annual sum that does not rise or fall with the poverty rate).

Business

US Justice Dept delivers documents on wiretap claim to Congress

Spicer was simply pointing to public reports, not endorsing any specific story", said a White House official. Current and former NSA officials have described an acrimonious relationship between intelligence agencies and the Trump administration.


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