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Cameron defends referendum call as Brexit launched

The two issues had been mentioned side by side because they were "all bound up in our membership of the European Union", he said. On Wednesday, May launched the process to leave the EU, formally notifying the bloc via a letter to European council president Donald Tusk.

Business

Committee approves, yet doesn't endorse, casino expansion bills

Despite the vote, however, members of the General Assembly's Public Safety Committee made it clear the issue is far from settled. An open questionWednesday was where would the conversation about expanding casino gambling continue in the General Assembly? Edwin A.

Business

Analysts At Jefferies & Co Upgraded Brookdale Senior Living (NYSE:BKD) To Buy

Royal Bank of Canada reissued a "buy" rating and set a $19.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, February 15th. Tanquilut now anticipates that the firm will earn $0.51 per share for the quarter, down from their previous forecast of $0.53. The high and low revenue estimates for the current quarter are $1.22 Billion and $1.19 Billion, respectively.

Business

SACP confirms Zuma intends to replace Gordhan, Jonas

The south African currency rand plunged more than any other major currency on Monday after President Jacob Zuma, told the Finance Minister Pravin Gordhan to return home a day after he departed for the week of investor roadshow in London and the U.S.

Business

'We already miss you': EU vows unity as Britain braces for Brexit

France's foreign minister said talks for a future relationship can only take place once Brexit negotiations have concluded. German Chancellor Angela Merkel also rebuffed May's call for negotiations on Britain's withdrawal to run alongside talks on a future trade agreement.

Business

I still remain South Africa's finance minister - Gordhan

According to insiders, secretary-general Gwede Mantashe , treasurer-general Zweli Mkhize and deputy president Cyril Ramaphosa rejected Molefe's name. In a sign of how divided the party is, at the funeral of anti-apartheid stalwart Ahmed Kathrada on Wednesday the congregation clapped and cheered as a letter written by Kathrada calling for Zuma to resign was read out.

Business

Tobacco display ban hits sales at Budgens and Londis owner

Booker blamed the tobacco display ban and the impact of plain packaging legislation for the decline, which had a knock-on effect for sales to retailers (down 0.6% over the year). Prior to the update, analysts' average forecast was for a pretax profit of 171.3 million pounds ($212.9 million) for the 2016-17 year, up from 150.8 million pounds in 2015-16, according to Reuters data.

Business

H&M sales disappoint as more customers shop online

Swedish clothing giant Hennes and Mauritz (H&M) Thursday announced the launch of its eighth fashion brand as tough market conditions in the U.S. and Central Europe hurt profits. But she said March sales - up 7 percent on a constant currency basis - looked disappointing, "even taking into account the later Easter this year".

Business

Russia says oil cuts may be extended amid high compliance

WTI crude much cheaper than worldwide peer Brent, which is being supported above $50 per barrel by the OPEC-led production cut. Oil prices settled at a roughly one-week high Tuesday, buoyed by disruptions to Libyan crude production and talk of a six-month extension to an OPEC-led pact to limit global output.

Business

More countries are importing US crude oil

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year. In the US, West Texas Intermediate (WTI) crude futures rose 19c to $49.70 a barrel. Crude oil futures are now trading 7.9% below their 100-day moving average and 3.3% below their 20-day moving average.

Business

Two-Party Rejection to Build Border Wall Grows in USA

Still reeling from their health care reform debacle last week, congressional Republican leaders appear more willing to stiff President Trump on initial funding for his wall along the border with Mexico than risk a fight with Democrats that could result in a government shutdown.

Business

Toshiba's nuclear unit Westinghouse files for United States bankruptcy

While the firm's NAND-type flash memory business has become a global industry standard, with the memory devices, produced locally, used in technology such as smartphones around the world and estimated to be worth 2 trillion yen, it's nuclear business has failed in a number of areas, both at home and overseas.

Business

Power down for Earth Hour this weekend

Earth hour has marked its 10th anniversary, after launching in Sydney in 2007. Starting 8:30PM local time, people are encouraged to turn off their lights, power down their computers, kill the heaters, and stay at home with family and friends.

Business

Is OPEC headed for a showdown with US shale?

The U.S. Commodity Futures Trading Commission said Friday that net long positions in the crude futures market fell by more than 86,000 contracts, the biggest one-week reduction on record. Changes in refined product inventories also impact crude oil (XES) (RYE) (SCO) prices. Oil prices have erased most of the gains made since the Opec announced its supply curbs on November 30, falling below 50 a barrel in NY on concerns the cuts aren't clearing the surplus quickly enough and that a rapid ...

Business

SM Energy Co (SM) Stock Price Down 9.4% on Analyst Downgrade

SWN has been the subject of several other research reports. Equity research analysts have given opinions on where they foresees the stock level. Southwestern Energy Company (SWN ) jumped 2.47 percent and ended the day at $7.89. The stock now has a Market Cap of $3.80B. Taking a closer look, Southwestern Energy Company (NYSE:SWN) has an FCF quality score of -0.247246. In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Southwestern Energy ...

Business

Palestinian Authority warns against Jerusalem Embassy move

Public support in Israel for the establishment of a Palestinian state has hit a historic low, according to the findings of a new poll that shows the Israeli people are more skeptical than ever that the Palestinians will take the steps necessary to strike a peace accord with the Jewish state.

Business

US Judge To Issue Further Decision On Travel Ban

The Department of Justice opposed Hawaii's request to extend Watson's temporary order. Watson rejected that argument, preventing the administration from halting the flow of refugees. A hearing has started in federal court in Hawaii on whether a judge should extend his temporary order blocking President Donald Trump's travel ban until the state's lawsuit is resolved.

Business

Hamilton music scene mourns Chuck Berry

Beatles drummer Ringo Starr also expressed his condolences: "R I P. And peace and love Chuck Berry Mr. rock "n" roll music". His latest album was announced on his 90th birthday in October past year and Billboard magazine reports the owner of a music club where Berry used to perform says the album is quite sensational.

Business

Nuclear giant Westinghouse files for bankruptcy after costs skyrocketed

A storied name in nuclear power, Westinghouse incurred billions of dollars of cost overruns building the nuclear reactors in Georgia and SC, a financial disaster that threatens Toshiba's viability. Toshiba had previously warned that it was facing a write-down topping 700 billion yen (S$8.8 billion) at Westinghouse . SCANA Corporation to Hold Analyst Call on March 29, 2017 to Discuss Plans to Continue Work on the New Nuclear Project during a Transition and Evaluation Period Cayce, ...

Business

Severe Weather-Southern Plains story

This story has been corrected to show that Corbin Lee Jaeger was the driver of the Jeep involved in the fatal wreck Tuesday that killed three storm chasers in West Texas. Cary Meltzer, 38, of NY, said he knew the two men in the Suburban. "About 50-50. Some people says you're insane and the other half says, 'I want to go with ya'".

Business

Voters Care More About Health Care After GOP Reforms Fail, Poll Shows

Their refusal to back the bill, coupled with a handful of moderate members, ultimately caused President Trump and House Speaker Paul Ryan, R-Wis., to cancel a vote on the legislation Friday. Suggesting that Democrats "are going to come on board" with "the president's vision on lowering taxes", Priebus added that, if certain measures "are incompatible with some members of the Republican House, then it's going to be incompatible, and then we need to work with moderate Democrats to make sure ...

Business

At Mnuchin's First Big Meeting, G20 Shies From Endorsing Free Trade

It said that countries "are working to strengthen the contribution of trade" to their economies. The gathering will help set the tone for worldwide commerce and finance and will give Mnuchin a chance to clarify what the US position is. Canada, like China a major trade partner of the USA, took a nuanced approach. The world's biggest economies have dropped a long-standing public endorsement of free trade at their first meeting with the Trump administration.

Business

Reality Check On Trump Calling For Bipartisanship On Health Care

Their refusal to back the bill, coupled with a handful of moderate members, ultimately caused President Trump and House Speaker Paul Ryan, R-Wis., to cancel a vote on the legislation Friday. They'd been promising repeal for years. House and Senate Republicans had very different ideas of repeal and replace, again despite having seven years to settle these differences internally.

Business

Oil stable on falling Libyan output, but bloated USA market still weighs

In the United States, West Texas Intermediate (WTI) crude futures CLc1 were up 34 cents, or 0.7 percent, at $48.71 a barrel. The volume of oil output dropped by 252,000 barrels per day in Libya after suspension of production at the country's Sharara and Wafa fields which were reportedly blocked by armed groups.

Business

Westinghouse files for bankruptcy

A bankruptcy filing would allow Westinghouse to renegotiate or break its construction contracts for several nuclear plant projects in the United States which have been dogged by delays and cost overruns. As reported, in order to diversify sources of nuclear fuel supply for the country's NPPs, Energoatom jointly with Westinghouse in 2000 launched the project for the qualification of this company's fuel.

Business

Idea Cellular, Vodafone India announce merger

From what has been reported so far, Vodafone India has insisted on retaining the CEO and CFO positions while Idea Cellular's Kumar Mangalam Birla will be the chairman. The Aditya Birla Group has the right to acquire up to a 9.5% additional stake from Vodafone under an agreed mechanism with a view to equalising the shareholdings over time.

Business

Trump says Germany owes 'vast sums' to North Atlantic Treaty Organisation

Allegations from the United States that British spy agency GCHQ snooped on Donald Trump during his election campaign are "arrant nonsense", the deputy head of the U.S. "You look at the deficits that we have and you look at all of the accumulation of debt". In one highly publicized moment, Trump appeared to rebuke Merkel's attempt at a handshake, though it's not clear if he heard her equest .

Business

US Congress Opens the Door to Sell off Private Internet Data

The White House said Tuesday that President Donald Trump would sign the legislation , which would also prohibit the FCC from adopting a similar policy in the future. "There are a lot of companies that are very concerned about drawing attention to themselves and being regulated on privacy issues, and are sitting this out in a way that they haven't sat out earlier privacy issues", Aaron said.

Business

Aldermore Group PLC (ALD) Upgraded by Macquarie to "Outperform"

Nine analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. Investors of record on Thursday, February 23rd will be paid a GBX 23.70 ($0.29) dividend. The company was maintained on Monday, March 13 by JP Morgan. KAZ Minerals PLC is an investment holding firm principally engaged in mining businesses.

Business

Westinghouse Electric filing for bankruptcy

Westinghouse said it as secured $800 million in financing to fund and protect its core businesses during its reorganization. Toshiba said the Chapter 11 bankruptcy filing will limit its exposure to future losses at Westinghouse . Toshiba's nuclear development subsidiary Westinghouse Electric filed for Chapter 11 bankruptcy court protection this morning, the New York Times reports.

Business

Lok Sabha takes up amendments to Finance Bill

Yechury said that the Lok Sabha had passed the Bill in a hurry. "There are lot of wild information going around over the authority of assessment officers over search and seizure", added Jaitley. "If firewalls can be broken, and hacking can be done, it will be done whether Aadhaar is there or not". The letter states, "Because it enables data sharing even by private companies, it renders all citizens vulnerable to identity theft, fraud, cyber-piracy, data breaches and other uses of their ...

Business

Alibaba (NYSE:BABA) Receives Overweight Rating From Barclays Capital Analysts

Sarasin & Partners LLP increased its position in Alibaba Group Holding by 285.8% in the third quarter. The stock added 2.58% beyond one week and climbed 4.05% during previous one month session. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and global trademark & copyright laws.

Business

Bezos passes Buffett as world's 2nd richest person

Bezos added $1.5 billion to his fortune after Amazon gained $9 billion in market value during trading on Wednesday. The company received a generous stock bump after a Barclay's analyst declared Amazon will "likely to be one of the first trillion-dollar market cap companies".

Business

White House: Climate Funding Is 'A Waste of Your Money'

The FY 2017 supplemental funding request for the military seeks to authorize $5 billion in OCO budget and $24.9 billion in funds for DoD's base budget initiatives that include F-35s, F/A-18 Super Hornets, Terminal High Altitude Area Defense system, Army helicopters, DDG-51 Arleigh Burke-class destroyers and tactical missiles.

Business

Full Budget Release to Push Infrastructure Plan Into Fall: Mulvaney

Legal Services Alabama, the only organization in the state dedicated to representing poor residents, takes several thousand family violence, consumer protection, and housing cases a year, a lot of them at no cost. He's also vowed that the USA would leave the United Nations (UN) Human Rights Council if the organization does not undergo "considerable reform". Rogers also pointed to infrastructure programs like Transportation Investment Generating Economic Recovery, or TIGER, grants and ...


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