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OPEC rallying for support to extend oil output cuts

According to OPEC, crude oil supply from non-members this year will average 57.89 million bpd, thanks to growing output in the USA and modest declines in Columbia and China . The compliance rate with the agreement among OPEC members and some non-members, including Russian Federation, "has been impressive", the International Energy Agency (IEA) said in its monthly oil market report, giving a lift to oil prices.

Business

Wall Street opens higher as earnings season kicks into gear

The Dow Jones Industrial Average was up 164.63 points, or 0.81 per cent, at 20,569.12 and the S&P 500 was up 16.66 points, or 0.71 percent, at 2,354.83. While no top-tier economic data is due on Wednesday, investors will keep an eye on the Federal Reserve's Beige Book , which will give a glimpse into economic conditions across the United States.

Business

Sensex slips 57 pts on profit booking

Also, the NSE Nifty surged 47.25 points, or 0.51 percent, to 9,183.65. The barometer finally ended at 29,365.30, down 57.09 points or 0.19 per cent. The BSE market breadth was bullish - with 1,766 advances and 886 declines. Indian shares snapped a two-session winning streak to end lower on Monday as software service exporters took a hit on concerns over a stronger rupee, .

Business

Trump to sign measures to review financial regulation

President Trump said he would release new details about his plan to overhaul the tax code on April 26, a sign that he is accelerating one of his most ambitious campaign promises even though key details remain very closely held. Retailers, automakers and oil refiners that rely on imported materials have all complained that border adjustments would mean higher prices for consumer goods.

Business

Tesla recalling 53000 vehicles worldwide for brake problem

Assuming Tesla snares 10 percent share of the truck parc , the analysts see Tesla making $7.5 billion. Tesla Motors , Inc. (TSLA) now has the market capitalization of $48.91 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 2.71% and monthly volatility of 2.74% respectively.

Business

Will Maria Sharapova Be Eligible To Play The French Open?

The recently-turned 30-year-old will be unranked, though any points she earns in Stuttgart, Madrid and Rome will count towards her ranking, which was as high as number five at the time of her last competitive match. On the other hand, Sharapova is a five-time grand slam victor and former No. 1 player in the world. Sharapova was originally banned for two years following a positive test for the newly-banned drug Meldonium at the 2016 Australian Open but the sanction was reduced to 15 months by ...

Business

United misses deadline to answer senators on dragging

The flight had been overbooked, as the airline was trying to make room for four crew members from a sister airline. Of 419 people who voted, 386 said airlines should not be allowed to overbook flights. "This is not a new practice, but something we have done to help manage travel changes in advance". "We look forward to sharing the full results of this ongoing review and the immediate, concrete actions we will take to better serve our customers with the committee".

Business

Electric flying taxi by Lilium successfully completes its first voyage

When the wing flaps are horizontal, all of the lift required to keep the Lilium Jet in the air is provided by air passing over the wings - as with a conventional airplane. The same sort of safety measures protect the batteries and there's even a system to stop the pilot pushing the Jet beyond safe limits when flying. The Lilium Jet is, ironically, not actually a jet.

Business

American Express Company (AXP) Strong First Quarter Delivers a Beat

Analysts, on average, were expecting $1.28 a share. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

Business

Pro-Life Group Endorses Karen Handel in Georgia Congressional Runoff

Ossoff will now face former Secretary of State Karen Handel , a Republican who finished in clear second despite running around 30 points behind Ossoff. "Glad to be of help!" Is Tuesday's vote a predictor of Democratic gains in 2018 mid-term elections? Trump's approval rating has not topped 50 percent since he took office on January 20, according to Reuters/Ipsos polling.

Business

As rail woes persist, Christie mum on tunnel project he axed

Rail problems have been plaguing Penn Station in the last month: an Amtrak train derailed there weeks ago, and an NJ Transit derailment two weeks ago shut down eight of 21 tracks there and disrupted travel in the region for days. As for getting the transportation secretary here, the governor and the senator say they're on the same page and will work together to make that happen.

Business

United CEO Oscar Munoz: No one has been fired over passenger incident

Oscar Munoz, United's CEO has repeatedly apologized for the incident and assured customers that law enforcement removing passengers from United planes for reasons other than safety or security would "never happen again". I'm sure there was lots of conjecture about me personally. Shares of United Continental Holdings were down 4.1 percent in afternoon trading, despite earnings that outperformed analyst expectations on several key metrics.

Business

May and Corbyn hit campaign trail after MPs back General Election

Labour trails a long way behind Prime Minister Theresa May's Conservatives in opinion polls, and many within the party believe 67-year-old socialist Corbyn is too left-wing to connect with voters. She will have received affirmation at the polls for her approach to the Brexit talks, which should quiet some of the objectors from her own party. Though May has been cautious in detailing her Brexit strategy, traders think a big victory for in the election could give her ammunition in dealing ...

Business

Global stocks mixed after UK announces snap election

Sterling was just off a six-month peak against the dollar above $1.28 having surged when British Prime Minister Theresa May called an early general election for June 8, seeking to strengthen her party's majority ahead of Brexit negotiations.

Business

Justice Department Sends Warnings To NYC, Other Sanctuary Cities

The US Department of Justice on Friday gave New York City and eight other local governments that provide "sanctuary" to illegal immigrants until June 30 to prove they're not violating federal law by refusing to cooperate with immigration authorities.

Business

Trump signs 'Buy American, Hire American' executive order targeting foreign material sourcing

Based on a review of U.S. Labor Department filings for 2016 regarding temporary visa programs , Reuters found 3,339 workers of approximately 22,000 Facebook employees working in the U.S. Trump, during his presidential campaign, had called for a moratorium on H1-B visas, however, the executive order does not impose any such ban. The order specifically asks the secretary to review waivers of these rules in free-trade agreements.

Business

Citi: Oil May Rally 20 Percent This Year on Supply Curbs

Last November, OPEC members along with non-OPEC countries such as Russian Federation have agreed to reduce their daily output by 1.8 million barrels during the first half of this year in a bid to end the global supply glut. But crude prices retreated Wednesday as US output continues to rebound. Crude oil fell on Monday in quiet trading after the three-day Easter break on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market ...

Business

Rockwell Collins, Inc. (NYSE:COL) Up 0.59% in Pre-Market

The stock has "Neutral" rating by Robert W. Baird on Thursday, October 6. 01/23/2017 - Rockwell Collins, Inc. was upgraded to " by analysts at Seaport Global Securities. Sell-side analysts have also provided a consensus recommendation of 2.30 on company shares. TRADEMARK VIOLATION WARNING: "Somewhat Positive Media Coverage Likely to Impact Rockwell Collins (COL) Stock Price" was originally posted by Transcript Daily and is the property of of Transcript Daily.

Business

Arrest made over attack on German football team

Spain worldwide Marc Bartra and a police officer were injured in last Tuesday's triple blasts as the players and coaching staff left a hotel ahead of a Champions League match in Germany. A police officer accompanying the bus was also injured. The man faces charges of attempted murder, causing an explosion and serious bodily harm. They say it was filled with "contradictions and inconsistencies" and that there's "no indication" it was sent by the suspect.

Business

Netflix claims opportunity 'gigantic' as growth disappoints

This is a bit less than the company's own projections that saw it predict 5.2 million subscribers in the first quarter - 1.5 million in the US and 3.7 million internationally. Netflix also provided guidance for the second quarter. Total revenues jumped to Dollars 2.637 billion from 1.958 billion the year before and against the company's guidance of 2.5 billion.

Business

British Parliament Votes In Favour Of Early Election

Earlier, May said holding an election in June, rather than as scheduled in 2020, would "deliver a more secure future for our country" as it negotiates its departure from the EU. The spokesman added: "Political punting is proving increasingly popular after we were bashed over Brexit, Donald Trump, and indeed rank outsider Corbyn's election as Labour leader".

Business

French candidates halt campaigns; Le Pen calls for border controls

Hamon won the Socialist primary but the party is deeply divided, and Socialist President Francois Hollande is so unpopular that he's not seeking a second term. The protesters also carried banners and placards that read "Marseille against the National Front" - Le Pen's eurosceptic party - "Migrants Welcome, Fascists get out!", and "The Extreme Right, you can't fight at the ballot box".

Business

US Unemployment Rate Drops to 7-year Low

Late a year ago, they began rising a slightly higher pace. The unemployment rate fell from 4.7 percent to 4.5 percent in March, the lowest level since May 2007. But in a sign there is still slack in the economy, the hourly wages of permanent employees rose by just 0.9 percent from March 2016. Barrie's unemployment rate dipped slightly last month.

Business

Government drops new probate fees branded as "stealth tax"

The government on Friday shelved a controversial plan to introduce what critics had called a stealth tax on death in a move that will cost the Treasury £300m. When asked by the BBC, a senior Tory refused to say if the policy would be brought back if the Tories win the upcoming general election. Under the proposed changes , fees would have been set at one of seven levels depending on the size of the estate .

Business

May wins Parliament vote to hold snap elections on June 8

The point was hammered home by Labour's Yvette Cooper, who challenged the prime minister's explanation for calling an election. As Britain enters an extremely important period in its political future, various MPs assembled this afternoon to discuss and debate the Prime Minister's recent decision to call a snap election .

Business

United Kingdom retail sales plunged in March

The pound is 14% lower against the dollar than it was on the day of the referendum in June when the United Kingdom voted to leave the European Union. James Brooke, CEO of Amplience, believes today's figures will be harsh a wake-up call for many retailers.

Business

Why Schlumberger Q1 Earnings Left Investors Unimpressed

The company, which lists Houston as one of its headquarters, plans to reactive its entire fracking fleet by the fourth quarter, and its pending joint venture with Weatherford International will give it a foothold in every USA oil basin with both hydraulic horsepower and multistage completion technology, the executive said.

Business

Delta Airline to pay passengers $10,000

The airline also faces a Thursday deadline from the Senate Commerce Committee to answer detailed questions about the incident on United Flight 3411, in which 69-year-old Dr. The fiasco has hurt shares of United Continental, which dropped about 4 percent on Tuesday, despite the company reporting better-than-expected earnings late Monday.

Business

Oil Falls to One-Week Low

Crude fell in the previous two sessions, but it received a boost from comments on April 19 by the secretary-general of OPEC that the group was committed to cutting inventories to the five-year average. Oil dropped to the lowest in more than a week on signs USA output is rebounding, undermining OPEC's efforts to clear a global glut. "I think they will keep the same level if the deal is extended", Almarzooq, who chairs the committee monitoring the cuts, said Wednesday in an interview in ...

Business

Berkeley Group Holdings PLC (BKG) Downgraded by Liberum Capital to Hold

The Firm provides personal, commercial and specialty insurance services and products direct-to-customers. It has a 11.96 P/E ratio. The Company's divisions include Americas Adhesives, Europe, India, Middle East and Africa, Asia Pacific, Construction Products and Engineering Adhesives.

Business

Patriots curiously fight with NY Times over Trump crowd size

Five takeaways from the Georgia special election MORE in November. "The New England Patriots are big supporters of our military and America's veterans", said Trump, highlighting long snapper Joe Cardona, who serves in the Navy reserves.

Business

VP Pence arrives in Australia, last stop in Asia

The deals - involving US corporations like General Electric and Lockheed Martin - include "the delivery of cutting-edge USA technologies to help meet Indonesia's energy needs and process waste into valuable byproducts", the White House said in a statement.

Business

Redskins hosting Giants on Thanksgiving

They will play the New York Giants on November 23rd at 8:30. I can say for myself that I hope they schedule it for the early or late game, because otherwise they'll just have to reschedule Thanksgiving. It comes right after the Monday night road game in Kansas City. Last season, the Lions had two primetime games in the regular season. This is more good news for the Redskins.

Business

Canada's Trudeau defends dairy system after Trump criticism

Francois Dumontier, a spokesman for Les Producteurs de lait du Quebec, said imports of USA milk products have increased since 1993 and now account for three-quarters of milk products in Canada. In a story April 19 about a U.S. "Time and again Canada has demonstrated its disregard of its dairy commitments to the United States - hampering America's exports to Canada - while pursuing ways to use its government-controlled system to unfairly dump greater Canadian exports in global markets".

Business

UN strongly condemns North Korean missile launch after delay

In an interview in Wisconsin, the United States president complained that his predecessors should have dealt with North Korea's pursuit of a nuclear arsenal, but said he was in the position now where he was "going to have to do something about it".


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