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Wolseley H1 Profit Declines On Impairment Charges; LFL Revenue Up 3.2%

Ferguson bought Murphy's family business, Midwest Pipe and Supply, in 1999. But earlier the firm announced plans to rename itself Ferguson, reflecting the dominance of a USA business which now provides almost 70% of group revenues 35 years after it first entered into the market.

Business

London attacker Khalid Masood acted alone, according to police

Authorities have carried out at least 21 searches and seized more than 2,700 items including "massive of amounts of computer data". The Islamic State group claimed responsibility for Wednesday's attack. The crowds at Trafalgar Square late Thursday brought messages of defiance, flags and flowers, and offered their condolences to officers who lost a colleague in the attack.

Business

GOP finger-pointing goes on following failure of health care bill

The prospect of repealing and replacing Obamacare has been so critical to Republican success, it is arguably responsible for hollowing out the Democratic Party. Asked if it were realistic for the House to try to revive its health care legislation, Sen. "At one point in time Paul Ryan said 'now this is constructive, this is what we need to be doing, ' " Weber continued.

Business

Toshiba's United States nuclear unit is bankrupt

Westinghouse has been hurt by cost overruns at two nuclear plants it is building in the United States, as well as challenging economics for new plants in organized power markets. Neither Toshiba or Westinghouse explicitly mentioned NuGen in their statements today, but the U.S. nuclear subsidiary said it: "remains committed to its AP1000 technology as the industry's premier Gen III+ nuclear power plant design, and will continue its existing projects in China as well as pursuit of other ...

Business

Updated Trading Report: Exact Sciences Corporation's (EXAS)

This represents a change from most recent open price of 2.45%. Intellectus Partners LLC acquired a new stake in EXACT Sciences during the fourth quarter valued at approximately $134,000. Following the completion of the sale, the senior vice president now owns 50,790 shares in the company, valued at $1,074,716.40. Canaccord Genuity reaffirmed a "buy" rating and set a $24.00 price objective (down from $27.00) on shares of EXACT Sciences in a research report on Wednesday, February 22nd.

Business

Joy, sorrow: People in UK, Europe react to Brexit triggering

The British Prime Minister will formally launch the process through a letter that will be hand delivered to European Council President Donald Tusk at around 12.30pm. Compared to trade terms on offer through WTO membership, a free trade agreement (FTA) normally secures broader and deeper market access for goods and services, indicating a significant gap in market access when compared to trading under the umbrella of the European Union single market.

Business

Penn National Gaming to buy 2 Tunica County casinos for $44M

It has outperformed by 9.93% the S&P500. Penn National Gaming, Inc. presently has an ROIC of 0.172876. The average volume stands around 1.45 million shares. Vanguard invested in 0% or 217,771 shares. Looking at the stock's movement on the chart, Penn National Gaming, Inc . recorded a 52-week high of $17.40.

Business

Pro-China leader for Hong Kong

Politicians across party lines in Taiwan said Sunday they hope the people of Hong Kong will have a right to choose their top government leader, as people here do. "I hope lawmakers can give positive feedback, for the benefit of Hong Kong , to afford some patience and time to Mrs Lam and her team". An emotional Lam, 59, bowed to supporters as it was announced she had won comprehensively with 777 votes against 365 for John Tsang, seen as a more moderate establishment figure.

Business

Republicans vote to end U.S. internet privacy

VPNs provide secure and encrypted connections between a user's Wi-Fi device and the VPN server, cloaking their browsing history and preventing intrusions into their private information. In a rare political move that has united liberals and conservatives in outrage, the United States Congress has voted to repeal an array of internet privacy protections .

Business

Trump's order to reverse Obama-era climate policies draws debates

Tuesday the President signed an executive order undoing former President Obama's Clean Power Plan . Environmental groups heaped scorn on Trump's order , arguing it was risky and went against the broader global trend toward cleaner energy technologies.

Business

Airline cabin laptop ban to be implemented 'no later than Saturday'

Dubai was one of 10 cities in Muslim-majority countries affected by the new rule, which will force passengers to forego their tablets, laptops and other gadgets on direct flights to the U.S. Officials did not explain why the restrictions only apply to travelers arriving in the United States and not for those same flights when they leave from there.

Business

Toshiba's Westinghouse to file for US bankruptcy Tuesday

Slowing demand for electricity and falling prices for natural gas have eroded the economic rationale for nuclear power, which is extremely costly and technically challenging to develop. The company said it will spend at least the next 30 days reviewing its options. Meanwhile, in Japan, Toshiba will completely break away from the overseas nuclear business sector, and focus specifically on the domestic nuclear business including decommissioning projects, as well as on infrastructure projects.

Business

Sen. McCain Says Select Committee Must Be Formed to Probe Trump & Russia

Asked whether he would recuse himself, he said, "The investigation continues". But Nunes can not say whether Trump or any of the president's associates personally participated in the communications that were intercepted, meaning it's possible that the information he's citing merely refers to foreign officials talking about Trump transition team members.

Business

Toshiba approves Chapter 11 filing for nuclear unit Westinghouse - Nikkei

Bankruptcy Court. While Westinghouse was responsible for reactor design, a company called S&W was responsible for on-site construction, Westinghouse wrote in its court filing (PDF). But Nuclear Regulatory Commission files say that the Lake Charles plant was shipping faulty modules, forcing Westinghouse to reweld them at the reactor sites.

Business

Smurfette is shunned in Israeli ultra-Orthodox city

Indeed, most regions in the country are very progressive, and many have taken to social media to poke fun at the decision to axe Smurfette, a central character in the film voiced by Demi Lovato, from the posters. Some religious Jews do attend secular cinema, and others secretly download films and view them at home or at Internet cafes. Thousands of ultra-Orthodox Jews demonstrated in Jerusalem on Tuesday over military service in one of several protests following the recent detention of a ...

Business

European Union responds to Brexit letter: 'We already miss you'

May wants to negotiate Britain's divorce and the future trading relationship with the European Union within the two-year period, though European Union officials say that will be hard given the depth of the relationship. Tusk said he will share his proposal for guidelines with member states on Friday. These include the timeframe for wrapping up the EU-U.K. talks, which remains unclear but has been an early sticking point ahead of negotiations.

Business

Congress sends White House repeal of broadband privacy rules

The US Congress has approved a Bill to revoke the Federal Communications Commission's (FCC ) broadband privacy regulations, which the Opposition fears, will strip consumers of critical privacy protections for their online data . In addition to repealing the previously-enacted rules, the resolution prohibits the FCC from passing any new privacy restrictions to protect users. Internet rights group Fight for the Future on Monday promised to "expose Congress members" who vote for the repeal ...

Business

'United Kingdom is leaving EU': PM Theresa May triggers Brexit

Going forward, May said, the British government will seek to control immigration but maintain trade ties, in line with the wishes of British voters. Those things have become part of life since the United Kingdom joined what was then called the European Economic Community in 1973.

Business

Putin Opponent Detained by Police Amid Massive Protests in Russian Federation

Kremlin critic and opposition leader Alexei Navalny has been handed a 15-day jail sentence for his part in a big anti-government protest in Moscow . According to police, Navalny was detained during the protest as he refused to leave the scene and offered resistance to police. These anti-corruption protests were against Dimitry Medvedev and his "ways for increasing personal wealth".

Business

Utilities vow to finish reactors despite Westinghouse woes

Toshiba has said it's expecting a loss of 500 billion yen ($4.3 billion) for April-December of a year ago, including a 712.5 billion yen ($6.2 billion) hit from its embattled nuclear business. "Toshiba/Westinghouse find themselves a victim of their own hubris and a nuclear industry where financial prudence was never a strong point", Greenpeace Germany added in a brief (pdf).

Business

Dave & Buster's Entertainment, Inc. (PLAY) Set to Announce Quarterly Earnings on Tuesday

Latest closing price was 7.24% above its 50-day moving average and 24.85% above its 200-day moving average. Dave & Buster's said it earned $27.4 million, or 63 cents a share, in the quarter , compared with $23 million, or 53 a share, in the fourth quarter of 2015.

Business

Officials condemn Trump's planned elimination of the Clean Power Plan

Trump's edict today called on the Environmental Protection Agency to withdraw the restrictions on fossil fuel pollution rather than continue to litigate the case-but Schneiderman asserted that, as an intervening party, NY can and will carry on the fight in D.C.

Business

USA sanctuary cities weigh response to Trump's threat to curb funding

Just to state the obvious, our nation's laws have gone unenforced for too long. "Very limited funding that he might be able to withhold, because it has to be related to the objective of the grant", she added . As city officials across the country have since noted, numerous jurisdictions Sessions threatened to withhold funding from say they already abide by 8 USC 1373 and have done so for years.

Business

Malaysia central bank braces for challenging year as inflation climbs

Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the ringgit was expected to strengthen with the retracement of the U.S. Malaysia has largely relied on domestic private investment and consumption to power growth in recent years as exports slumped amid lower commodity prices and sluggish orders for manufactured goods from advanced economies.

Business

Li Keqiang warns Donald Trump against trade war with China

The impact would be felt mostly by foreign, especially USA, companies, he said , citing a report from an unidentified global think tank. U.S. President Donald Trump's trade policy should focus on China and not Mexico, it added, warning that the Chinese government could "capriciously punish U.S.

Business

Mark Latham Sacked By Sky News For Series Of Controversial Comments

Latham was condemned by former Labor colleagues, including leader Bill Shorten and deputy leader Tanya Plibersek on Wednesday, as a furore formed over remarks he made on the Outsiders programme on March 12. In an interview with the Daily Telegraph , he said stood by his comments about the video. It followed controversial on-air remarks he made about a Sydney high school student, in which he speculated about the teenager's sexuality.

Business

US crude oil stockpiles build as products draw down

Refinery crude runs rose by 425,000 barrels per day, EIA data showed. U.S. crude futures surged to almost a two-week high after the Energy Information Administration (EIA) reported that crude inventories rose 867,000 barrels last week, almost half the build expected, as refineries ramped up processing after seasonal maintenance and imports dropped and exports rose.

Business

Britain officially files for divorce from the European Union

The European Council chief warned that no one would emerge as a victor during the divorce process, which will essentially be about "damage control". "The Europeans have made it very clear, many times, that we can't have as good a deal as we have at the minute", said Graham Bishop, a British consultant on EU integration and former banker who started his career in finance in 1971.

Business

Trump administration seeks delay in ruling on climate plan

The EIA admits that lower mining costs, cheaper transportation and more favorable exchange rates are giving countries like Australia, Indonesia, Russia, Colombia and South Africa and edge over the U.S. More refugees mean more political turmoil, more chaos, more wars. But various options exist. We have been mining coal in America for more than 150 years - the stuff that's left is increasingly expensive, of poor quality and hard and unsafe to get out of the ground.

Business

General Electric Company (NYSE:GE)'s power services signed agreement

Company has 12.50% insider ownership. The stock has a market cap of $258.43 billion, a price-to-earnings ratio of 33.17 and a beta of 1.20. The fund owned 28,285 shares of the company's stock after buying an additional 1,906 shares during the period.

Business

Here's the science behind Neuralink, Elon Musk's sci-fi new venture

Although Musk has not made a formal statement regarding Neuralink, the company registered in California as a "medical research" group last July, according to the news outlet. Each needle containing the neural lace is millimetres in length. Should technology advance, and if Neuralink Corp . become one of the pioneers, the prospects for advancing medical science through computer-brain interfaces becomes ever nearer.

Business

Hurricane Energy Says Well Suggests Lancaster, Halifax Fields Linked

An oil discovery has been made near the Shetland Islands which has been described as potentially the biggest find in British waters this century . The company says the well results support its theory that the Lancaster field and the Halifax discovery are in fact part of the same single hydrocarbon accumulation - initially being referred to as the Greater Lancaster Area (GLA).

Business

Earnings On Deck For Lululemon Athletica Inc

Shares of Lululemon Athletica inc. closed the previous trading session at 63.42 down -0.69 -1.08% with 2,637,985 shares trading hands. From a different angle, the stock has been recently recorded -47.47% off of the 52-week high of 15.59 and +13.75% removed from the 52-week low of 7.20.

Business

European Union powerhouses fire Brexit warning shots

I was disenfranchised as an European Union citizen having lived here for so many years, and I think it's bad", Kwiadk said . "At that time we all looked to the West, towards a free and unifying Europe, instinctively feeling that this was the very future we were dreaming about".

Business

Toshiba's US nuclear unit files for bankruptcy protection

For Toshiba, the aim is to fence off soaring liabilities and keep the group afloat. To protect the core businesses during the re-organization period, the Westinghouse unit said that it had secured $800 million in financing. Founder George Westinghouse, a prolific inventor, started making air brakes which greatly improved the safety of train travel and freight transportation.


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