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Ford hires 300 for Canadian connected car research

The plant commitments were made to Unifor during contract talks in November. "We're investing in Ford of Canada to create jobs for Canadians and strengthen Canada's auto manufacturing industry", Trudeau said. The new hires more than double the size of Ford's mobile connectivity engineering team. Additional locations will be created in Waterloo and Oakville, and will focus on connectivity research and development across infotainment, in-vehicle modems, gateway modules, driver-assist ...

Business

Darden Restaurants, Inc. (NYSE:DRI), Eastman Chemical Company (NYSE:EMN)

Nations Financial Group Inc. IA ADV increased its position in Dow Chemical by 0.3% in the fourth quarter. Bristol Gate Capital Partners Inc. now owns 514,766 shares of the company's stock valued at $26,680,000 after buying an additional 15,169 shares in the last quarter.

Business

Sears, Kmart company says it sees 'substantial doubt' for stores surviving

Meanwhile, megahome improvement chains like Lowe's and The Home Depot have plucked many of Sears' customers. While historical performance drives the disclosure, our financial plans and forecast do not reflect the continuation of that performance.

Business

Energy Transfer Partners LP (ETP) Position Reduced by Brookfield Asset Management Inc

The company had revenue of $6.53 billion for the quarter, compared to analysts' expectations of $6.48 billion. If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ETE earned gross profit of 7.12 Billion, in 2015 8.09 Billion gross profit, while in 2016 Energy Transfer Equity , L.P.

Business

Cyclone Debbie continues to cause chaos in Australia

Cyclone Debbie worked its way across the coast of Queensland on Tuesday, with winds up to 114 miles per hour. The authorities have warned residents to stay out of the floodwater. "Think again!" Queensland Fire and Emergency tweeted, with photos of the shark. "Producers in the Whitsunday area were planting winter vegetables and they're expected to suffer heavy crop losses as well as infrastructure, crop and irrigation equipment damage", said Queensland's Rural Economic Development Minister ...

Business

Hasler confident NRL contract will be done

Five-eighth Josh Reynolds has come under fire for his side's inability to score points this season, however the Bulldogs No.6 was arguably their best in the victory against the Broncos. We re-assessed it during the week. Brisbane coach Wayne Bennett won't talk to Jordan Kahu about the line drop-out brain fade he says was the difference in the Broncos' 10-7 loss to Canterbury.

Business

Schiff says he will meet with Nunes on Thursday

Nunes has pledged not to reveal his source to the rest of the committee and has rebuffed calls to step aside from the investigation. "Mr. Nunes's recusal is necessary to restore integrity to the investigation and ensure the public's faith in its findings".

Business

Wells Fargo customers in $110 million settlement over fake accounts

The firm purchased 13,200 shares of the financial services provider's stock, valued at approximately $727,000. Toronto Dominion Bank boosted its position in shares of Wells Fargo & Co by 46.9% in the third quarter. Wells Fargo & Co's dividend payout ratio is now 38.10%. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation.

Business

How YouTube plans to prevent ads from appearing on controversial videos

AT&T said on Wednesday it was pulling its ads from YouTube and the Google Display Network; the latter places ads on content from third parties. "We have hard-and-fast policies that define where Google ads should appear and in the vast majority of cases, our policies and tools work as intended", he added.

Business

J&J latest to suspend ads from YouTube over offensive videos

Besides suspending their spending on YouTube, Walmart, Pepsi and several other companies have said they will stop buying ads that Google places on more than 2m other third-party websites. According to The Times , other major USA brands which have been advertised on extremist websites include KFC, the quick service restaurant chain, and Beam Suntory, the maker of Jim Beam whiskey.

Business

Lloyd's chooses Brussels over Lux

While Lloyd's choice on Thursday surprised some, lower rental prices and its proximity to Britain could help other financial firms choose the multilingual home of the European Union over Dublin, Frankfurt, Paris and Luxembourg. The news was disclosed alongside annual results for 2016, which showed that Lloyd's made a pretax profit of £2.1 billion a year ago, unchanged from 2015.

Business

Hot Stock Overview: Sprouts Farmers Market, Inc. (NASDAQ:SFM)

The stock's current distance from 20-Day Simple Moving Average (SMA20) is -4.4% where SMA50 and SMA200 are -5.95% and -15.93% respectively. Moving toward other technical indicators, Sprouts Farmers Market, Inc. 09/08/2016 - Sprouts Farmers Market, Inc. was downgraded to "hold" by analysts at Deutsche Bank. Ameriprise Financial Inc. now owns 912,381 shares of the company's stock worth $18,841,000 after buying an additional 26,104 shares during the period.

Business

Dividend Paying Stock: Bristol-Myers Squibb Company (BMY)

Several other equities analysts have also recently issued reports on the company. Bristol-Myers Squibb Company shares increased 0.64 percent over the past week and rose 9.76 percent over the previous month. The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shares have risen 7.20% over the trailing 6 months.

Business

South Korea to inject $2.6 bln into ailing shipyard Daewoo

But they slipped into the red in 2015 amid a commodities downturn and bleak trade volumes, prompting cost cuts and asset sales. They claimed that the shipyard could face a cash shortage of as much as 5.1 trillion won over the next two years if the current situation goes on.

Business

Broker Outlook For The Week Ahead Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH)

A number of other research firms have also commented on AMPH . Additionally Needham issued their verdict on the stock of the company, on record date of Nov-01-16 the stock was "Reiterated" as Buy from $20 to $22 besides that on May-10-16 Amphastar Pharmaceuticals Inc (NASDAQ: AMPH ) was "Reiterated" by Needham as Buy from $21 to $20.

Business

For One Day, Krispy Kreme Is Bringing Back Their Emerald Doughnuts

Patrick's Day (and have an excuse to eat something sweet). The Krispy Kreme in Albany was busy early Friday morning as folks tried their luck to get a St. The doughnuts will be available at a variety of locations including the Krispy Kreme location in West Allis. Krispy Kreme said they also changed the name of the donuts to O'riginal glazed for an Irish sound.

Business

Ackman apologizes for Valeant losses, calls bet a mistake

The specialty pharmaceutical company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. Banc Funds Co reported 0.12% of its portfolio in Peoples Bancorp of North Carolina, Inc. Okumus Fund Management Ltd. owns 4.10 million shares or 13.87% of their United States portfolio. It fall, as 4 investors sold Overstock.com, Inc. shares while 22 reduced holdings.

Business

Applications for US unemployment aid fell to 258K last week

Figures out of Washington Thursday morning showed a modest drop in first-time claims for USA unemployment benefits in the week ended March 25. That's the longest such stretch since 1970. KEY DRIVERS: The economy is growing at a steady, if unspectacular, pace and companies stepped up hiring at the beginning of the year. The Atlanta Federal Reserve is forecasting gross domestic product rising at a 1.0 percent annualized rate in the first three months of 2017.

Business

Carl's Jr. And Hardee's Shelve Ads Featuring Women In Bikinis

Notably missing in the campaign are the bikini-wearing actresses and supermodels that have always been the focus of the company's marketing efforts. "Carl Sr.is back to focus on what we do best: making damn tasty food". Hardee Sr. then explains that he became sidetracked, while recounting the brand's origin story. Earlier this week, the chains introduced an all-natural charbroiled chicken breast fillet from chickens raised without antibiotics.

Business

Liberals release $28.5 billion deficit budget

Frances Donald, senior economist at Manulife Asset Management, says the federal budget is a "placeholder budget" and that it was created to keep things on hold. Instead, the budget contained major new ongoing spending. Make the tax system fairer for the middle class . Without both, the spending might have to be put off, Morneau said Thursday in a post-budget interview with The Canadian Press.

Business

Lululemon Athletica inc. (LULU) Issues FY18 Earnings Guidance

Pacific Crest cut lululemon athletica inc .to a "hold" rating in a report on Saturday, February 4th. 03/28/2017 - lululemon athletica inc . had its "outperform" rating reiterated by analysts at Wedbush. closed the previous trading session at 66.30 up +2.62 4.11% with 2,608,250 shares trading hands. "Admittedly the overall sales gain was slightly softer than that posted during the prior quarter, but this is mostly a function of a more challenging prior year comparative", said GlobalData ...

Business

Probable outcomes of Idea -Vodafone merger

Vodafone India will be deconsolidated by the parent company. India's second- and third-biggest operators, Vodafone and Idea had been in talks for several weeks about a merger of their businesses in India's fiercely competitive mobile market, where established operators have been struggling to cope with the arrival past year of 4G new entrant Reliance Jio.

Business

AT&T to build broadband network for first responders

The rollout of the network, which will cover will cover all states, five US territories and the District of Columbia, will begin later this year, AT&T said on Thursday. AT&T is expected to spend some $40 billion over the life of the contract to cover deployment, operation, and maintenance of the network, the DOC said.

Business

Bank of England considers palm oil for £20 polymer notes

When the new polymer £5 note was launched in May vegans, vegetarians and religious groups voiced their outrage that the note contained tallow, a by-product mainly derived from livestock farming. The WWF has expressed concern about the use of palm oil: "Large areas of tropical forests and other ecosystems with high conservation values have been cleared to make room for vast monoculture oil palm plantations - destroying critical habitat for many endangered species, including rhinos, elephants ...

Business

Analysts' Recommendations Stocks Traders Alert: Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) & Cheniere

It has underperformed by 19.24% the S&P500.The move comes after 7 months positive chart setup for the $27.28B company. In general, companies with the lowest combined rank may be the higher quality picks. Vertex Pharmaceuticals (NASDAQ:VRTX) last posted its quarterly earnings results on Wednesday, January 25th. Massmutual Tru Fsb Adv accumulated 0% or 107 shares.

Business

Oracle Co. (ORCL) CEO Sells $23323601.44 in Stock

The stock's price switched up 2.97% 20-Days Simple Moving Average, added 7.42% from 50-Days Simple Moving Average and rose 11.77% from 200 Days Simple Moving Average. Oracle's dividend payout ratio (DPR) is 28.99%. COPYRIGHT VIOLATION WARNING: This story was first reported by Community Financial News and is the property of of Community Financial News.

Business

SC reserves order on plea seeking liquor outlets on highways

The Supreme Court will on Wednesday hear a batch of petitions seeking modification of its December 2016 order banning liquor shops within 500 metres of state and national highways across the country. He complained that because of the direction, even restaurants serving liquor within the restricted area would not be able to do so as their licences would be cancelled after April 1, 2017, when the court-set deadline for the removal of liquor shops ends.

Business

McConnell says Senate won't take up 'Obamacare'

Moreover, this defeat suggests that, given the ideological divide in the GOP, and the unanimous opposition of congressional Democrats, the most impressive GOP majorities since the 1920s may be impotent to enact any major complicated or complex legislation.

Business

Flint to Replace 18000 Water Lines, Michigan Agrees to Pay $97 Million

The Concerned Pastors for Social Action, Natural Resources Defense Council and American Civil Liberties Union of MI sued Flint and MI in a civil lawsuit that led to the agreement. Flint's water was tainted with lead for at least 18 months, starting in spring 2014. A group of students are putting together a project to help people in Flint, Michigan.

Business

Oil prices drop on rise in United States drillingea

Saudi exports to other regions, notably Asia, remained elevated despite an effort led by the Organization of the Petroleum Exporting Countries, and supported by other producers including Russian Federation, to cut output by 1.8 million bpd during the first half of the year.

Business

Markets welcome Fed's less hawkish tone; stocks rally, dollar tumbles

They discussed global economic developments and financial regulation. "I'm getting to know him", Yellen set of Mnuchin. Moreover, crude oil prices rose about two percent on the back of the weaker USA dollar and a surprise drawdown in U.S.

Business

Trump approves northern leg of Keystone pipeline

Senator John Thune said the decision is "long overdue" and has been held up by government for a "really long time". The pipeline would also further strengthen the bonds between the two key North American producers and increase the interdependence of the U.S.

Business

Experts respond to Trump's climate blitzkrieg

Trump's executive action lifts restrictions on domestic coal and onshore oil and gas production, with key provisions taking effect immediately. "Trump may be able to delay America's inevitable transition to clean energy and cause unnecessary harm at home and overseas, but he can not stop it because its momentum is too great".

Business

We should have reacted in a better manner: TVF on allegations

The women included former employees of TVF and others who had been in contact with TVF/Arunabh. We were confused and taken aback. We recognize that we should have handled that response better. "I have filed a complaint against Arunabh Kumar for intentionally indulging in various wilful, criminal, vulgar and contentious acts of sexual harassment against a woman at workplace", he said.

Business

Lauding the prime minister, Adityanath said, "The"

Regarding the closure of illegal abbattoirs, Adityanath said the National Green Tribunal (NGT) had in the past couple of years insisted on their closure. The 44-year-old Chief Minister had himself performed Rudrabhishek at the bungalow. Another controversy surrounds his references to "Love Jihad", which is described by Hindutva ideologues as a ploy contrived by Muslim men to lure young Hindu women into marriage and conversion into Islam.


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