Business
China's Economy Grows at 6.9% in the first quarter
Most analysts agree an overheating property market poses the single biggest risk to China's economic growth, with increasingly tough government measures to cool soaring prices raising the risk of a nasty crash. Retail sales, which measure private and government spending, climbed 10.9% year-on-year, compared to 9.5% in February. Real estate plays an outsize role in fueling growth in the wider Chinese economy by spurring knock-on demand in the manufacturing and service sectors.
Business
United States crude oil stocks drop
A Reuters poll showed analysts expected data to show US crude stocks fell in the week to April 14. Crude inventories fell 1.03 million barrels to 532.3 million, the agency reported Wednesday. USA production rose to 9.252 million barrels a day in the most recent week, highest since August 2015. In the past nine weeks, the growth has reached 30,000 barrels per day.
Business
France PM warns Le Pen against 'exploiting' Paris tragedy
Mr. Mélenchon, who surged in the polls in the last weeks of the campaign, stays focussed on economic issues with promises to raise public spending and taxes on the rich. Fillon wanted greater cooperation with Russian Federation and Iran. "But it's ― I don't know whether that hurts or helps". The Champs Elysees shooting is the latest in a series of attacks by Islamist militants on France in recent years in which more than 200 people have been killed .
Business
Ashmore Group plc (ASHM) Given "Hold" Rating at Peel Hunt
The Firm operates through five divisions: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; United Kingdom, which includes sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which includes wholesale and retail sales of jewelry and watches, and Other, which includes new projects and traded auctions.
Business
Mattel Gets Thrashed as Sales of Barbie Dolls Fall Off a Cliff
That was higher than the $73m for the same period a year ago earlier. During the same quarter past year, the company posted ($0.14) EPS. Moreover, the company's earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 67.45%.
Business
Rob Gronkowski just crashed Sean Spicer's White House press briefing
The official Patriots account quickly shot back, saying that the photos "lack context". "An earlier version of this article included photos comparing the size of the Patriots' gathering at the White House in 2015 and the gathering on Wednesday".
Business
No short-term measures for homebuyers: Morneau
Asian investment in Toronto reportedly picked up after Vancouver introduced its foreign buyer tax last summer. A similar tax in Vancouver brought sky-high prices down initially, but they're creeping back up, suggesting the measure's effect may have been only temporary.
Business
French presidential candidates make appeals in last TV pitch
French police are hunting a man identified by Belgian security services in connection with an attack on police officers in Paris Thursday, a French interior ministry spokesman said . But he lost ground after being charged over accusations that he put his wife Penelope on the public payroll for a fictitious job as his parliamentary assistant, for which she was paid almost €700,000 ($750,000).
Business
Sanctuary cities threatened with loss of federal grant money
In letters to each of the nine jurisdictions the Justice Department , headed by Attorney General Jeff Sesssion (left, ) said the government entities signed documents previous year when they applied for Byrne Justice Assistance Grant money saying they complied with a section of federal law that demands cooperation when immigration agents ask for it.
Business
New video shows Dr Dao stay on flight to treat patients
Video of the incident has been shown around the world. His legal team planned to hold a news conference Thursday to discuss the matter with reporters. On Monday night, Cummings said he got a call from a United representative who offered an apology and a full refund for her tickets. The United CEO had previously referred to Dao as a " disruptive and belligerent passenger " in an internal company communication.
Business
Maxim Integrated up after fiscal Q3 beat, solid guidance
Weaver C. Barksdale & Associates Inc. raised its position in shares of Maxim Integrated Products by 27.8% in the first quarter. The stock tapped a 52-week high of US$114.65 while the mean 12-month price target for the shares is US$114.14.
Business
Canadian minister looking forward to Trump trade talks
The latest report by the United States Trade Representative on the trade barriers faced by the US singled out the Class 7 changes as a potential problem. Congress still hasn't granted negotiating authority to the Department of Commerce. According to Canadian Government statistics, dairy farmers there exported close to 100 million kilograms of dairy products in 2016, valued at almost $C235 million ($AU233m).
Business
Wells Fargo claws back $75M from former executives
Former CEO John Stumpf, who left the bank in October, will pay an additional $28 million, while the former head of community banking, Carrie Tolstedt, will return $47 million in stock options on top of the $19 million she agreed to pay back after stepping down previous year, according to a report by the Wells board of directors.
Business
Treasury doesn't name any countries as currency manipulators
The Treasury report also kept five other trading partners on the monitoring list: Japan, South Korea, Taiwan, Germany and Switzerland. Like the last report by the Obama administration in October, China met only one of the three criteria - for having a large trade deficit - that's used by the Treasury as a threshold for manipulation.
Business
Ninety-thousand hit by massive power cut in San Francisco
The outage started around 9 a.m. Friday and affected the city's Financial District and other areas. Pacific on Friday. We chatted with a PG&E rep earlier in the afternoon when PG&E was still shooting to have power restored by 1 p.m., but it looks like that estimate has changed.
Business
Pagegroup PLC (MPI) Upgraded to Buy at Kepler Capital Markets
It has a 20.56 P/E ratio. The Firm has four divisions: UK Car Insurance, International Car Insurance, Price Comparison and Other. This is 25.74% from the current price. Research Frontiers, Inc. (NASDAQ:REFR) has declined 53.69% since September 8, 2016 and is downtrending. It has outperformed by 14.30% the S&P500. The Company's portfolio consists of European onshore projects.
Business
M&S to create 1400 jobs despite store closures
The brothers drafted in by Marks & Spencer (Frankfurt: 534418 - news) 's last boss to generate huge savings from its supply chain have been handed a lucrative new deal as the company prepares to shake up the leadership of its key clothing business.
Business
Britain to head to the polls on 8 June
Angus Robertson, leader of the SNP in Westminster, said May had changed her mind because she now realised the Brexit discussions were going to be much harder than Eurosceptics had imagined. That would make it easier for her to ignore opposition calls for a softer European Union exit - making compromises to retain some benefits of membership - and to face down hardliners within her own party who want a no-compromise "hard Brexit" that many economists fear could be devastating.
Business
US rig count rises 10 this week to 857; Texas up 6
After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig count receded. The U.S. added five oil rigs this week, pushing its current mark to 688. Canada's rig count continued to fall this week, losing another 19 rigs. The last time oil rigs were this high was two years ago this week. Most wells produce both oil and gas.
Business
Saudi Arabia Said Likely to Support OPEC Extending Output Cuts
Brent for June settlement rose 16 cents to $56.39 a barrel on the London-based ICE Futures Europe exchange at 9:05 a.m.in NY. If Wednesday's price rises hold, they would mark the seventh straight daily increase. But the Organization of the Petroleum Exporting Countries also raised its forecast for supplies from non-member countries in 2017 as higher oil prices encourage United States shale drillers to pump more, reducing demand for Opec's oil this year.
Business
May's Conservatives lead in latest election YouGov poll
A United Kingdom general election will be held on 8 June after MPs backed Prime Minister Theresa May's call for a snap poll. May wasted no time, going from the vote in Parliament to kick off her campaign with a speech in to supporters northwestern England.
Business
Trump signs executive orders on financial services
Trump promised during the 2016 presidential campaign to "dismantle" Dodd-Frank, but so far the Treasury Department's review of existing regulations has been overshadowed by delayed efforts to overhaul the tax code and repeal the Affordable Care Act.
Business
Delta says 150 more flights cancelled as storm effects linger
Delta Air Lines, trying to get back to normal after thunderstorms wreaked havoc on flight schedules, had to scrub about 130 more flights Sunday. Last year, the airline logged 161 days without a cancellation on its mainline. Typically before an expected snowstorm, Delta and other airlines can cancel flights a day or more in advance of the weather threat. Delta was also dealing with over 1,350 delayed flights, according to FlightAware.com at 4:10 p.m.
Business
British Lawmakers Overwhelmingly Support Early General Election In June
She said that since Britons voted to leave the European Union in June, the country had come together, but politicians had not. The European Union, meanwhile, said it will stick to a timetable for preparing to launch Brexit negotiations with the United Kingdom despite the early general election .
Business
Service charge in hotels not mandatory
If hotels levy the charge mandatorily, customers can approach consumer courts. It maybe recalled that in January this year, Paswan had promised that the issue of service charge was an unfair trade practice that need to be addressed effectively through a provision in the new Consumer Protection Bill.
Business
Passenger removal prompts United Airlines China visit
There was "never consideration" of firing an employee over the incident, he said. United Airlines bigs will be on the hot seat at an upcoming House Transportation Committee hearing on commercial airline consumer issues after a passenger was dragged off an April 9 flight in Chicago to make room for crew members.
Business
Streaming Deals Like Amazon's NFL Deal Not 'Smart For Us — Netflix
The firm has a market cap of $60.97 billion, a PE ratio of 329.42 and a beta of 1.27. Netflix's subscriptions range from $8 to $12 per month, with the most popular option at $10. TRADEMARK VIOLATION NOTICE: "Netflix, Inc". "We're pleased with our global growth and we've got a lot of growth left in the U.S.as well". However, all bets are off today, as the stock marched onward and downward and seem destined for a close in the $140 range, if not below $140 a share.
Business
OPEC, non-OPEC producers committed to restoring market stability - Barkindo
United States shale production in May was likely to post the biggest monthly gain in more than two years, government data showed on Monday, as producers stepped up the pace of drilling, with oil prices holding above $50 a barrel. That could indicate fading strains from an oversupplied market, though USA crude oil production continues its build beyond 9 million barrels per day, offsetting the decline in oil inventories to some extent.
Business
Investors Buy High Volume of Put Options on Range Resources Corp. (RRC)
Stephens downgraded Antero Resources Corp (NYSE:AR) on Tuesday, February 23 to " rating. The analysts estimated EPS for the higher end at 0.16 and lower end at -0.05 while the year ago reported earnings per share was 0.06. Among 31 analysts covering Range Resources Corp . The shares were acquired at an average price of $27.46 per share, for a total transaction of $109,840.00.
Business
Ovechkin returns to game after apparent left leg injury
They need to win one of two remaining games. After three straight defeats, Boston Bruins takes on Ottawa Senators in the 2017 Stanley Cup Playoffs Round 1, Game 5 tonight. The Leafs power play continued to struggle in the third period when Caps forward Tom Wilson took his fourth minor penalty of the game. The Capitals got off to a flawless start, once again scoring two goals in the opening five minutes for an early lead, walking out of the first period with a 4-1 lead.
Business
Paris gunman thought to be 39-year-old from suburbs
He was convicted in that attack and had a criminal record because of involvement in violent robberies. The far-right presidential candidate in France, Marine Le Pen, has condemned what she calls security lapses, as the nation prepares to vote in the shadow of a terror attack.
Business
Korea on alert ahead of North's army anniversary
Ah. Super-mighty nuclear ashes are the best kind of nuclear ashes. Chinese air force land-attack, cruise-missile-capable bombers were put on high alert as Beijing is preparing to respond to a potential situation in North Korea , a USA defence official said.
Business
Werner Enterprises Inc. (WERN) hit its 1-Year High price on 12/09/16
The firm has a 50-day moving average price of $26.39 and a 200-day moving average price of $26.41. Werner Enterprises Inc has $34 highest and $21 lowest target. While the company's share hit the 52 week high on 12/09/16 stationing the value of $28.93. (WERN)'s stock to Hold with no specific Price Target. 3 Months Ago, the stock has been recommended as Buy from 1 and 2 suggested Sell for the stock.
Business
Macron fades in final BVA French election poll
Le Pen, who has often employed hardline rhetoric against Islam and immigration during her campaign delivered a speech early Friday despite calls from other candidates to put aside politics for now. The candidate added that, if she is elected president of France , she "will immediately , and with no hesitation, carry out a battle plan against Islamist terrorism and against judicial laxity".
Business
Dortmund bus attack suspect arrested
Frauke Köhler, spokeswoman of the federal public prosecutor, said the 28-year-old suspect faces charges including attempted murder and setting off an explosion. Koehler said there was "no indiction so far" of accomplices, but said investigators did not rule out that others were involved. Metal pins fitted to the devices - 70mm wide, 6mm in diameter and weighing 15g each - were found 250 metres from the site of the explosions.