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.
Business
People will avoid flying United if rival offers same flight
The video sparked outrage throughout the internet, with netizens calling out the airline for its "inappropriate" behavior in handling overbooking situations. During the removal, which grew into an embarrassing global episode, Dao had two of his teeth knocked out, suffered a broken nose and a concussion and may require surgery, his lawyer said.
Business
Will a new foreign property buyer's tax cool Toronto's housing market?
To help Ontarians buy their first home, the province doubled the maximum Land Transfer Tax refund to $4,000 for qualifying first-time homebuyers, effective January 1, 2017. Creating a new housing supply team to identify barriers to specific housing development projects and work with developers and municipalities to find solutions.
Business
UK's Sports Direct enters U.S. with Bob's Stores/Mountain Sports deal
Sports Direct said it expects to complete the purchase by mid-May. The aggregate cost of the acquisition to Sports Direct amounts to $101 million in cash. In the financial year to 28 January 2017, the two businesses posted a pre-tax operating loss of $26m however their assets are valued at $126m. Sports Direct operates approximately 800 stores.
Business
Cadence Design Systems, Inc. (NASDAQ:CDNS) Reviewed By Analysts
The stock increased 0.90% or $0.29 on April 19, reaching $32.45. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Cadence Design Systems (NASDAQ:CDNS) traded down 0.51% during trading on Tuesday, hitting $31.11. It has 279.46 million of outstanding shares and its shares float measured at 276.34.
Business
Parliament head wants rights for European Union nationals
On Wednesday, the UK House of Commons backed Prime Minister Theresa May's bid for an early general election on June 8. "Under the [Brexit] treaty everything under the treaty is under the court", said Tajani in a further contradiction of British government policy.
Business
Oil set for longest gain since 2012 as Saudis seen extending cut
In the latest note on oil outlook, published Goldman Sachs' analysts, cite that they expect a return to stable long-term oil prices, in the wake of improvements in technology and therefore the costs involved with shale extraction. Earlier Tuesday, Bloomberg reported that Saudi Arabia slashed its production by 111,000 barrels per day to 9.9 million barrels per day in March, after increasing production in February.
Business
Everything you need to know about the French election
The attack was described as a terrorist act by French authorities, and the perpetrator, who was killed by police, was reportedly a radicalized Belgian affiliated to Daesh. He also wants to take France out of North Atlantic Treaty Organisation, bring energy companies under state control and substantially raise taxes on the rich.
Business
After O'Reilly ouster, Mike Huckabee uses ill-timed kiss analogy
The Times had previously reported that FOX News settled five lawsuits, dating back to 2002, alleging sexual harassment against O'Reilly for a collective $13 million. Kelly exited Fox News for a position with NBC News. The departed O'Reilly's " The Factor " will continue through this week with Dana Perino hosting Wednesday and Thursday night, and Greg Gutfield on Friday.
Business
BP's Alaska North Slope Well Stops Leaking Crude Oil
BP was fined $255 million by the state of Alaska for negligence in their maintenance of Prudhoe Bay pipelines. The authorities have not established yet, what prompted the well to discharge oil and gas. The nearest village, Nuiqsut (noo-IK-sit), is 50 miles away. BP said infrared cameras on a flight over the site appeared to confirm that the oil released with the gas was contained on the gravel pad surrounding the well head and the tundra had suffered no damage.
Business
UK says it has gotten its money back from Lloyds bailout
A number of research analysts recently commented on LLOY shares. Credit Suisse Group AG's target price suggests a potential upside of 9.81% from the company's previous close. ILLEGAL ACTIVITY WARNING: This story was first reported by BBNS and is owned by of BBNS. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of USA & global copyright legislation.
Business
Ontario to place 15 per cent tax on foreign home buyers
The province's housing package will also expand rent control, which now only applies to units built before November 1991, after tenants in newer units complained of dramatic spikes in rent. Our meeting was productive and included discussions about how speculative activities may be driving up housing costs, and resulting in homes being left vacant, constraining supply.
Business
Opec bets on USA petrol demand to drive up summer oil prices
USA output has reached above 9 million barrels the past seven weeks, as drilling activity continues to increase and US oil stockpiles sit at record highs. But even as the Organization of Petroleum Exporting Countries works to slow the onrush of oil, it expects increasing resistance from American shale producers and other non-OPEC countries.
Business
Bullish Oil bets gain amid OPEC output cut
Gasoline stockpiles rose by 1.5m barrels to 237.7m barrels during the week ending on 14 April, while those of distillate fuels shrank by 2.0m barrels, according to the Energy Information Administration , the US Department of Energy's statistical arm.
Business
Number of IS militants killed by US bomb jumps to 90
Gen. John W. Nicholson, NATO commander in Afghanistan, at a news conference. Mr Shinwary had earlier confirmed to the BBC that Afghan special forces, with the help of American air support, had begun anti-IS operations in the area two weeks ago.
Business
Greece beats a key bailout target but faces hard choices
Earlier on Friday, the country's statistics agency, Elstat, said Greece's primary surplus stood at 3.9% of GDP under the European Union accounting framework, versus a downwardly revised 2.3% deficit in 2015. Government spokesman Dimitris Tzanakopoulos said the primary budget surplus under bailout terms reached 4.19 percent of gross domestic product past year versus the 0.5 percent of GDP target.
Business
No waivers for Russian Federation sanctions, Treasury tells Exxon
Trump has been keen to improve ties with Russian president Vladimir Putin, but the relationship has soured since the U.S. attacks on Syria last month, and the investigation into Trump's connections to the Kremlin during the election campaign.