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Business

Christie, Cuomo Call For Review Of Amtrak Protocol At Penn Station

The first derailment caused a day of delays, but a derailment last Monday left NJ Transit and Long Island Rail Road riders stranded and frustrated for a full five days as the company tried to fix the damage. The recent derailment was caused by "defective wood ties" on the tracks. Christie told Anthony Coscia, chairman of Amtrak's board, that he has "directed NJ Transit to cease making any payments to Amtrak under the agreement until there has been a thorough and independent examination of ...

Business

Wells Fargo asks for $75M back

Tolstedt ", said Enu Mainigi, a lawyer with Williams & Connolly LLP. The US banking giant said it demanded or "clawed back" an additional $28 million (R389.73 million) from former chief executive John Stumpf, who led the bank at the time of the scandal, and $47 million from former community banking chief Carrie Tolstedt, whose division was at the heart of the problem.

Business

Rizzo and Cubs raise banner, beat Dodgers 3-2 in home opener

Russell's throw was so bad that it allowed Forsythe to scamper home with the tying run, and conjured up thoughts of an ill-fated ceremonial first pitch . By then, the seventh game of a 162-game schedule was barely an afterthought on a night that was all about remembering the history made by a team that returned almost intact from that November 2 finish.

Business

JD Sports profit surges, shares hit all-time high

Several other analysts have also issued reports on JD. JD Sports Fashion PLC has an average rating of Buy and a consensus target price of GBX 663 ($8.23). If you are accessing this news story on another website, it was copied illegally and republished in violation of United States and global trademark and copyright legislation.

Business

Thumbs up: Wells Fargo claws away at problem

Wells Fargo's board said Monday that it would claw back an additional $75 million in compensation from the two executives on whom it pinned most of the blame for the company's sales scandal: the bank's former chief executive, John G. Sanger said the report showed the board had taken the appropriate action with the information it was given and had revamped compensation, leadership and its own structure to make sure such abuses did not reappear.

Business

'Shell knew about Nigeria oil kickbacks'

In March 2010, an email from a former MI6 officer employed by Shell shows the company believed Etete stood to benefit from the deal. "Agaev stated that Etete said, 'I can't pay you, I have to pay Adoke [Mohammed Bello Adoke, then Nigeria's attorney general] $400m and all the other people in the Senate and the National assembly.' Agaev stated that he would think President Goodluck Jonathan got at least $200m of this money".

Business

China Bends To Trump As Threat Of Trade War Looms

There was nothing in the 100 day plan solving this issue, but U.S. Commerce Secretary Wilbur Ross said that he was impressed by and optimistic about the outcome of the meetings. "We focused specifically on a more balanced economic relationship, specifically on trade", he told reporters after the meeting. The president has yet to announce whether he will accept any deal with China , and the meetings seemed to have little impact on world markets on Monday April 10.

Business

Hollande, Trudeau Pay Tribute to Canada's WWI Casualties

It was the first time that four military divisions from Canada fought together as the Canadian Corps. However, officials say the prime minister's trip to France is meant to honour the sacrifices of all Canadian soldiers. Delivering part of his address in French Charles added: "We honour those who served so gallantly, and who gave so much". A solemn Sunday is in store as Canadians take time to remember the thousands of our country's soldiers who died while fighting on Vimy Ridge a century ...

Business

Troubled Toshiba reports unaudited results after 2 delays

Toshiba is expected to hold a news conference later. Taiwan-based Foxconn, one of Apple's biggest suppliers, has offered as much as 3 trillion yen ($27 billion), according to The Wall Street Journal and Bloomberg. "For those reasons, we continue to carefully monitor Toshiba's business conditions and sale of its chip business", Seko said. The probe was started after a whistleblower complained that one or more executives at the U.S.

Business

United Kingdom house price growth slows in February, misses expectations

The Bank of England sees inflation hitting close to 3 percent by the end of the year - well above its 2 percent target. On the hike in food prices, the ONS said: 'For the past two years, the price changes for food in the United Kingdom remained well below the other countries.

Business

Trading Notes on Rent-A-Center, Inc. (NASDAQ:RCII): Active Stock Recap

Activist investment fund Engaged Capital has urged Rent-A-Center's board to start evaluating strategic alternatives, including the potential of a sale, according to Reuters . LLC now owns 2,956,302 shares of the company's stock valued at $33,258,000 after buying an additional 2,578,360 shares in the last quarter. Finally, First Citizens Bank & Trust Co.

Business

Outrage as US passenger dragged from plane

Much of the online uproar surrounded the appropriateness of removing a paying customer in order to accommodate airline staff. "We are also reaching out to this passenger to talk directly with him to address and resolve this situation". United called police to enter the aircraft and remove the already seated passenger, who was dragged on his back while screaming and bleeding. "I could not believe that was happening in the United States", Charlie Leocha said.

Business

Guterres reiterates call for India-Pakistan dialogue on Kashmir

The Indian army said Monday its soldiers killed four suspected rebels who attempted to cross into the Indian-administered part of Kashmir at the unofficial border dividing the disputed territory with Pakistan. Indian-occupied Kashmir witnessed deadly protests in 2016, after a popular separatist leader, Burhan Wani, was killed by Indian forces. Army on Monday claimed to have foiled an infiltration bid in Kupwara district of north Kashmir by killing four militants.

Business

Passenger Dragged off Overbooked Airplane

The video clearly shows one of the men grabbing the passenger, who screams, then dragging him on the floor by his arms toward the front of the aircraft. In part that's the man's fault, when the police came on he shouldn't have resisted, he should have just left. The CEO of United Airlines posted a statement on Twitter about the incident.

Business

Toshiba approves Westinghouse bankruptcy filing

Westinghouse said it has arranged $800 million in debtor-in-possession financing so that it can continue to service customers while restructuring its business. Its parent company, the Tokyo-based Toshiba Corp ., reported that Westinghouse had amassed $9.8 billion in liabilities by the end of previous year.

Business

Masters 2017: Justin Rose positive on Augusta hopes after Sergio Garcia play-off

Open champion Rose told reporters. It's been 18 years since that sunny afternoon outside of Chicago, and as is normally the case, hindsight can be a cruel companion. Mark O'Meara had 14 victories on the PGA Tour when he won the 1998 Masters at 41. I don't have the thing I need to have. But this year was different.

Business

Hedge fund Jana lines up potential directors for Whole Foods battle

Earlier Monday, shares of Whole Foods jumped almost 10 percent after Jana took a almost 9 percent stake in the company and suggested it should consider putting itself up for sale. The deadline for shareholders-read Jana Partners-to launch a director contest at Whole Foods 2018 annual meeting is September 6. It is still refining its discount 365 by Whole Foods Market' chain.

Business

Regina hockey fans blast NHL for pulling out of Winter Olympics

It's not about the long-term goals of our game and growing it and the bigger picture. NHL commissioner Gary Bettman stated that the National Hockey League will not participate in the 2018 winter Olympics in South Korea. Just being a part of those games, it's so special. Without the star power of names such as Crosby, McDavid, Matthews, Kopitar, Oshie and Eriksson, will the women's tournament get more of the spotlight in Pyeongchang? "Yeah, I didn't change my mind and I won't", ...

Business

Syria, Russia to top agenda as G7 ministers meet

The guided-missile destroyer USS Porter (DDG 78) launches a tomahawk land attack missile in the Mediterranean Sea as the United States blasted a Syrian air base. The U.S. says the strike was in response to a nerve gas attack on the rebel-held town of Khan Sheikhoun last week, which has been widely blamed on government forces.

Business

Swift and Knight combining to create trucking giant

Straight Path Communications more than doubled after the wireless spectrum license company agreed to be acquired by AT&T in a deal valued at $1.25 billion. The deal would help Knight and Swift take on their competitors amid plunging orders for some companies like Volvo Trucks North America. Swift Transportation has a 12 month low of $14.31 and a 12 month high of $27.18.

Business

Text of letter from United CEO defending employees

Our employees followed established procedures for dealing with situations like this. I do, however, believe there are lessons we can learn from this experience, and we are taking a close look at the circumstances surrounding the incident.

Business

Red Sox trying to stay the course amid injury, illness

The Chris Sale era in Boston is off to as good a start as anyone could have hoped; it's his teammates that have been the problem. It was his fourth double and sixth hit of this series. After two starts, the Detroit ace's ERA stands at 1.35. Then Castellanos committed his second error of the season at third base. On Saturday, during a matchup between the Detroit Tigers and Boston Red Sox, a couple of fans got enough courage (stupidity), on separate occasions, to rush the field at ...

Business

Garcia finally lands elusive Major

It was never easy until the end, when Rose sent his drive into the trees on the 18th hole in the playoff, punched out and failed to save par from 15 feet. However, there was disappointment for both Jordan Spieth and Rickie Fowler, with the American pair only shooting rounds of 76 and 75 respectively to finish in 11th position.

Business

Samsung Galaxy S8+ 6GB variant could come to other markets as well

While the Galaxy S8 and S8 Plus smartphones are expected to launch here in India on May 5th, we can expect some sort of information about the Galaxy Note 7R on that day. But with the company gearing up to release its first flagship phone since the ill-fated Galaxy Note 7, it seems as though Samsung could certainly benefit from undistracted leadership at this contentious time.

Business

Congress votes to allow Internet providers to sell your browsing history

In a press release, Senator Jeff Flake (R-Arizona) defended rolling back the protections, saying the FCC's privacy policy "has the potential to limit consumer choice, stifle innovation, and jeopardize data security by destabilizing the internet ecosystem".

Business

U.S. warned of retaliation after missile attack on Syria

A small but vocal group of lawmakers, including Mr. Paul, said Mr. Trump's missile strikes were illegal and insisted that any military action against a government that hasn't attacked the USA must get congressional approval first. In the days after the Khan Sheikhoun attack, Turkey provided the Syrian Civil Defense search and rescue outfit with 50 protective kits for responding to chemical attacks, and trained them in their use, Anadolu said.

Business

BHP Billiton shares jump on activist shareholder Elliott Management's calls for reform

BHP said it's been in talks with the hedge fund for many months, and the costs and risks associated with the proposals outweigh the benefits. On the topic of BHP's petroleum assets, which the company owns as part of its "four pillars" diversification strategy, Elliott believes the group should spin-off these assets and list them in NY to help the division realise its full growth potential.

Business

China-US relations | Trump, Xi showdown fails to materialize

The North calls the drills preparations for war against it. SEOUL - North Korea plans to hold its key parliamentary meeting this week amid attention over whether its leader Kim Jong-un will deliver a message targeting the United States , experts said Monday.

Business

FinnCap Reaffirms "Corporate" Rating for Redcentric PLC (RCN)

The firm now has a GBX 460 ($5.78) price target on the stock. Booker Group PLC has 1,769,599,000 shares in issue which have a share price of 199.6 giving Booker Group PLC a market capitalisation of 3.53B GBp. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/03/30/finncap-reaffirms-corporate-rating-for-redcentric-plc-rcn.html.

Business

ARU give Force, Rebels 'adequate time' to plead for Super Rugby future

Rugby WA has issued a writ against the ARU on behalf of the Force, while the Rebels are also considering their legal options as the axe hovers over both clubs ahead of next year's return to a 15-team Super Rugby format. While the Kiwi outfits continue to dominate the competition, Tew said viewer numbers in Australia and South Africa had "plummeted" this season. The ARU also released its accounts on Monday, which showed that bailing out the Force previous year had cost A$4.8 million ($3.60 ...

Business

Trump aides differ over Assad's future after Syria attack

In the aftermath of the attack, which Syria said killed at least seven people, Russian Federation announced it would suspend its cooperation in the information-sharing campaign. Advisers said he was outraged by heartbreaking images of young children who were among the dozens killed in the chemical attack. Ties between Russian Federation and some members of Trump's campaign team have been the subject of much scrutiny in recent weeks.

Business

G7 ministers look to persuade Russian Federation to abandon Syria's Assad

Calling the strike a "game changer", British Foreign Secretary Boris Johnson said support for the Syrian president "was toxifying the reputation of Russia" and suggested sanctions could be imposed on Moscow if it refused to change course. Iranian Foreign Minister Mohammad Javad Zarif, whose government is another backer of Assad's, also called for an independent inquiry under United Nations auspices when he spoke Monday to Alfano, Italy's foreign ministry said in a statement.

Business

Delta Still Dealing with Delays, Cancellations Following Storms

Delta officials said in a statement , "While we can't control the weather, we understand the resulting recovery has not been ideal and we apologize for that". Thunderstorms Wednesday triggered the cancellation spree. Travelers stranded in Atlanta's airport. Goldklang's flight finally left Savannah for NY, 61 minutes late.

Business

Wells Fargo board place bulk of account scandal blame on former executives

Ultimately, despite her plans to retire voluntarily, Wells Fargo decided in September that it would fire Tolstedt for cause, employing a harsh distinction rarely used in an industry that often lets even shamed executives walk away on their own terms.

Business

Yellen Says Fed's Focus Has Shifted to Holding Growth Gains

Louis Fed President James Bullard, regarded as a dove, to reporters in Australia on Monday.Bullard said the central bank could begin winding down its massive balance sheet sometime later this year in a shift that would make it less necessary to raise the official funds rate.Financial markets were also watching out for developments in the Syrian civil war following last week's US missile strike on an air base in Syria, which had given the perceived safe-haven Japanese currency a boost.


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