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Warning signs abound for United Kingdom economy following strong Q4

Separate figures from the ONS showed that gross domestic product (GDP) expanded by 0.7%, in its final estimate of fourth quarter growth, matching its previous estimate but still surpassing initial readings of 0.6%. Economists had been expecting another 0.2% rise. Inflation surged to 2.3% in February, as sterling's post-Brexit collapse made everyday items more expensive.

Business

Toshiba shareholders approve NAND flash sale

Toshiba concluded upon determining the scale of the losses related to the United States nuclear operations that it had no choice but to file for bankruptcy in order to protect the larger company from the fallout. SCANA said in September that the cost of building the reactors had increased almost $3 billion from the original $11 billion estimate in 2009. All four reactors at the Vogtle and Summer plants were supposed to be online by April; instead, the first won't start up until at least ...

Business

Global Automotive Cast Aluminum Market 2017 - Alcoa Inc, Novelis Inc, UACJ Corporation

Research brings to light the comprehensive study and factual information of Nonwoven Filter Media market. The report talks about the distinct traits of the Home Theater market and provides in-depth study of the various segments of the market.

Business

Samsung Galaxy S8 Microsoft Edition being sold at Microsoft stores

Microsoft previously signed a deal with Samsung in 2015 so that many of Microsoft's Android apps could be pre-loaded onto Samsung's Android devices. Furthermore, the devices can be used with Samsung Dex - which transforms smartphones into a desktop-like experience - and work with Samsung Connect to manage IoT-enabled devices through one app.

Business

SES satellite lofted by re-usable launcher for first time

Although Jeff Bezos and his company, Blue Origin, have successfully reused their New Shepard rocket in the past, SpaceX's reusing of the Falcon 9 is more significant because the New Shepard was a suborbital rocket, whereas the Falcon 9 is orbital class.

Business

France's Hollande says no trade deal with United Kingdom before Brexit

Tusk had 48 hours to respond to the notification of withdrawal. The day after Prime Minister Theresa May initiated the U.K.'s European Union exit , Brexit Secretary David Davis revealed the Great Repeal Bill to the House of Commons. But it is also open to a transitional arrangement after Brexit as a "bridge" to a future deal some years down the line, but said that it would have to be under European Union rules.

Business

'Fearless Girl' statue stays at least through February, 2018

The 50-inch bronze statue of a defiant girl with fists on hips was installed to mark International Women's Day on March 8th. The 4-foot-tall, pony-tailed statue of a girl with arms akimbo was supposed to be removed on April 2, but NY city officials announced on Sunday that it was extending its stay through February of next year.

Business

Finland says no date yet for Arctic summit, Trump-Putin meeting

Cutmore said to Putin, "I just want to be very clear about this, you and the Russian government did never try [sic] to influence the outcome of the US presidential election, and there will be no evidence found". 30 de marzo de 2017, 13:23Moscow, Mar 30 (Prensa Latina) Russia in no way wants to wage a war or compete with the United States, the country with the largest military expenditures in the world, President Vladimir Putin said today at an worldwide forum on the Artic.

Business

Upward GDP revision sends Wall St higher

Fourth quarter's final GDP reading exceeded estimates. Meanwhile, the Dow Jones Industrial Average ended up almost 70 points, or 0.3%, at 20,728. Cullen/Frost Bankers (CFR) and SVB Financial (SIVB) are turning in two of the banking sector's best performances on the day. Investors were also encouraged by rising oil prices , which extended gains Thursday on reports that major oil producers may extend an output cut deal expiring by the end of June.

Business

Ferrari's Win In F1 Australian GP Paints Clear Picture Of 2017 Championship

Wolff denied the call was a sign of rustiness on the pit wall after years of dominance and said the team was always braced for a day when it would no longer be far ahead of its rivals. Because of a good strategic call we won the race past year. Ferrari had not won in Melbourne since Kimi Raikkonen's 2007 victory and it was Vettel's second triumph in Australia after winning the 2011 race with Red Bull.

Business

Dozens of Brazilian government officials suspended for exporting rotten meat products

Still, he acknowledged that it has caused "an economic embarrassment for the country" as he spoke to a conference organized by the Council of the Americas. Late Monday, the Brazilian government said it was barring the exports of meats from 21 plants being investigated, but that sales for internal consumption would not be affected.

Business

Trump pledges 'easy' health care deal after defeat

The lawyer said Yates still meant to testify and would not disclose any classified information. Since the Republicans' coverage bill died in the House last week, marking the defeat of Trump's first major legislative initiative, the president has sent conflicting signals about trying again and has left people guessing about whether his words on the subject are meant to be taken literally.

Business

Dow and DuPont Announce Amendments to Transaction Merger Agreement

DuPont said its $130 billion merger with Dow Chemical, which was expected to close in the first half of 2017, is now anticipated to close between August 1 and September 1. Under the terms of the agreement, FMC will acquire DuPont's Cereal Broadleaf Herbicides and Chewing Insecticides portfolios - including Rynaxypyr®, Cyazypyr® and Indoxacarb.

Business

Bradford & Bingley asset sale 'raises £12bn for taxpayers'

The Treasury is to recoup nearly £12bn from the sale of Bradford & Bingley loans, acquired by the taxpayer to help the lender at the height of the financial crisis. "We are determined to return the financial assets we own to the private sector and today's sale is further proof of the confidence investors have in the United Kingdom economy", Chancellor of the Exchequer Philip Hammond said in a statement .

Business

Idea-Vodafone India merger creates leader with 42% market share

India is the world's second largest mobile phones services market after China, and it's not just network operators trying to make their mark in the country. The promoters of Idea will have a 26 per cent stake in the company and the rest will be held by public. Idea informed the bourses that its board on Monday approved the "scheme of amalgamation of Vodafone India Limited (VIL) and its wholly owned subsidiary Vodafone Mobile Services Limited (VMSL) with the company".

Business

"Skinny Budget" could starve Meals on Wheels federal funding

The budget outline states that the programs should be dealt with at a state level, which makes it hard to gauge the impact that slashing the budget would make. A little over a quarter of their funding comes from the federal government. The White House was "literally taking food away from seniors, " said Representative Linda T.

Business

Hate content: Now, J&J, GSK, join others in suspending ads from Google

To shield its brand, Verizon took the same action. EMarketer projected YouTube's advertising will rise 26 per cent this year to $7 billion , but that prediction came before marketers began to suspend their spending. "As a result, we have temporarily halted all YouTube advertising, while executives at Google, YouTube and our own media agencies focus on alleviating these risks and concerns going forward".

Business

Freedom Caucus Founder: Bad Process at Core of Healthcare Bill Failure

Brat said that could be done "in short order". Specifically, the bill, which has five GOP co-sponsors, would let states maintain the ACA or use the law's funding stream to help people buy health insurance with tax credits and health savings accounts, a popular conservative approach.

Business

Yields gain after data shows United States annual inflation rise

Weak consumer spending suggested that economic growth slowed further in the first quarter. The other components of the data though were more subdued with consumer spending barely rising in February with a 0.1 percent gain. With consumer confidence at 16-year highs and labor market tightness pushing up wage growth, the moderation in spending is likely to be temporary. The February spending figure reflected in part an unusually mild winter, which sapped demand for utilities.

Business

European Union puts pen to paper, signs unity pledge on 60th anniversary

Both pro- and anti-EU protesters marched in Rome on March 25, as the Italian capital hosted leaders from the European Union's 27 member states to mark the 60th anniversary of the Treaty of Rome , which created the European Economic Community.

Business

US House, Senate Intelligence Cmts. Invited to White House to Review Documents

News has not independently confirmed the New York Times or the Washington Post reports . A week after the Politico story was published , Nunes made his trip to the White House grounds to view the intelligence that he brought to the attention of the press and the president the following day.

Business

Swiss find signs of spying linked to Turkish community

He said Turkey could even hold a United Kingdom like referendum on the matter. "We expect European politicians to abandon their wrong attitudes immediately", Erdoğan said, while lashing out in response to Saturday's rally in Bern where PKK sympathizers displayed a banner that read "Kill Erdoğan" with a gun pointed to the Turkish president's head.

Business

Jefferies & Co reiterated Aa PLC (LON:AA) as 'Underperform'

The company has market cap of $31.35 billion. The company's stock had a trading volume of 1,831,094 shares. Panmure Gordon maintained Morses Club PLC (LON:MCL) rating on Friday, January 6. This is an increase from Moneysupermarket.Com Group PLC's previous dividend of $2.75. Market capitalisation for LON:RMV is £3,702,412,945 GBP. The Firm operates through wholesaling activities segment.

Business

Stock under Radar: Comcast Corporation (NASDAQ:CMCSA)

The stock grabbed 174 new institutional investments totaling 57,694,494 shares while 63 institutional investors sold out their entire positions totaling 25,425,364 shares. Stock has got OUTPERFORM rating from 14 analysts of Thomson Reuters , 2 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th.

Business

China President Xi to Meet Trump Next Week

A statement from the Office of the Press Secretary read, "The two leaders will discuss global, regional, and bilateral issues of mutual concern". Donald Trump and his Chinese counterpart Xi Jinping will hold their first face-to-face talks next week in Florida, a highly anticipated meeting between leaders at odds over trade, China's strategic ambitions and how to deal with North Korea's weapons programs.

Business

Police stumped as all but one suspect freed in London attack

Rowley added on Twitter that two more people were arrested late Thursday in West Midlands and Northwest, and that there were now nine people in custody in connection with the attack. Two are still in a critical condition, and one person is considered to have life-threatening injuries. His auto mounted the pavement on Westminster Bridge before driving along the road and footpath and crashing into the fence of the Houses of Parliament.

Business

Roy Cooper Signs North Carolina's Shameful HB2 Repeal Into Law

As for other potential political hot spots, such as Texas where lawmakers are considering a similar bill and where the Final Four will be next year, the NCAA is in no rush to weigh in. It does remain important that cities be able to pass laws if they see fit in order to protect their transgender residents from, for example, having to worry about confrontation in the bathrooms.

Business

Countdown to SpaceX's first-ever launch of a used rocket

The rocket was recovered, reconditioned and reloaded for its second launch, which happened at 3:27 p.m. PT Thursday. This evening, almost a full year after it first launched a payload into orbit, a Falcon 9 booster will attempt a second launch.

Business

BlackBerry Beats Earnings Estimates, Expects To Be Profitable Next Year

In terms of earnings per share, 11 analysts have a -0.00 EPS mean target for the quarter ending May-17, for the quarter ending Aug-17, 11 analysts have a 0.00 EPS mean target and for the quarter ending Aug-17 there are 15 estimates of 0.02 EPS.

Business

SpaceX makes history by successfully launching recycled rocket booster

The company has successfully launched and landed one of its used first stage rockets. A SpaceX Falcon 9 rocket lifts off on a supply mission to the International Space Station from historic launch pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 19, 2017.

Business

Google vows to pull ads from extreme videos and sites

AT&T said it was removing ads from Google's non-search platforms specifically over concerns that its ads were running next to extremist videos. According to The Times , the telecom companies like AT&T and Verizon, auto rental company Enterprise and pharmaceutical firm GSK , have pulled out all non-search advertising.

Business

Oil producers meet in Kuwait over output-cut compliance

The agreement to cut 1.8 million barrels per day, which came into effect on January 1, 2017, was for six months and is extendable for an additional six months, depending on the status of supply and demand, including global inventories. Oil prices have been falling since the middle of the month, as a spate of reports showing stronger-than-expected growth in US inventories sparked selling from speculators that had build record long positions in crude futures.

Business

Will Westinghouse Bankruptcy Leave Cranberry Reeling?

For years, Toshiba has been stained by accounting scandals in what Satoshi Ogasawara, who has written a book about the conglomerate systematically falsifying financial results, called "a dubious corporate culture". "As announced on March 29, Westinghouse LLC and certain subsidiaries and affiliates filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code".

Business

Huawei 2016 sales up 32 percent, profit little-changed

Selling and administrative expenses were up by 38.8 percent, to 86.4 billion yuan, while its foreign exchange loss was up by nearly 20 percent, to 5.2 billion yuan. It shipped 139 million phones a year ago. Xu declined to elaborate on goals for its consumer business but said keeping a net profit margin of around 7 percent for the group overall "is a reasonable target now".

Business

Dutch authorities carry out raids in tax evasion probe

AMSTERDAM/ZURICH, March 31 (Reuters) - Credit Suisse's London, Paris and Amsterdam offices were contacted by local authorities over client tax matters, it said on Friday, after Dutch prosecutors said they had seized assets and arrested two people in an global hunt for tax evaders.


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