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Business

Labour has a real opportunity in this general election

Mr Hinds echoed the Prime Minister's justification for the snap election , saying the need for strength was greater than ever as Britain takes the first steps toward leaving the European Union . Britain is now gearing up for its third general election in seven years, which comes less than a year after the divisive referendum that decided the United Kingdom would withdraw from the EU.

Business

VP Pence to Talk Trade, Security During Trip to Australia

Fullilove believes the fallout from that call gives Australia's political leaders a bit of leverage when Pence arrives to make peace. Mr Pence is travelling with his wife and two daughters. Indeed, the vice president seemed determined to reassure Australia of its importance to the US, noting as he stood next to Turnbull on the shores of Sydney Harbour: "It's always heartening to stand beside a friend, and I do so today".

Business

Sacked news host Bill O'Reilly blasts 'unfounded' harassment claims

He had initially planned to return to his The O'Reilly Factor show on April 24, but as outrage mounted and new allegations of inappropriate behaviour surfaced, it became clear the company could no longer afford to back the star who helped bring Fox News to prominence almost 20 years ago.

Business

Noticeable Buzzer: Visa Inc. (NYSE:V) , Rockwell Collins, Inc. (NYSE:COL)

The share price is now up 9.82% for the past three months. Cowen and Company reaffirmed an "outperform" rating and issued a $112.00 target price on shares of Rockwell Collins in a report on Monday. It had previously forecast $5.3 billion to $5.4 billion. Stockholders of record on Monday, May 15th will be given a dividend of $0.33 per share. It has a dividend yield of 1.35%.

Business

American Airlines Investigating Video of Apparent Altercation

OMG! AA Flight attendant violently took a stroller from a lady with her baby on my flight, hitting her and just missing the baby. A man sitting in one of the plane's front rows then stood up and demanded that he receive the name of the employee responsible.

Business

No evidence of chemical weapons use by Syrian troops-Putin

The press conference came just moments before Russian Federation again cast a veto at the UN Security Council, blocking a bid from the US, UK and France to condemn the suspected gas attack and push the Syrian government to cooperate with investigators.

Business

San Francisco power outage snarls traffic shuts rail station

Gridlock: A view on downtown San Francisco shows traffic at a standstill on Friday. Passengers on both lines are advised to either get off at Powell or at Embarcadero stations. People used the lights of their cellphones to walk through the darkened station before service was restored. People milled on sidewalks, controllers directed traffic manually, and shops were dark.

Business

Michele Scarponi dead: Cycling legend, 37, dies after crash with van

Yesterday he completed the Tour of the Alps in fourth position, having won the opening stage of the race. Astana paid tribute to a "great champion and a special guy". That was echoed by the BMC Racing Team, who tweeted: "Our deepest condolences go out to the family and friends of Michele Scarponi and the entire Astana Team".

Business

The Latest from the Shanghai Auto Show

GM will start production of a pure-electric model in China within two years, Matt Tsien, president of GM China, told a news conference during the Shanghai auto show. Those rules will likely require companies to generate as much as 8% of their China sales with plug-in cars, either fully-electric or plug-in hybrid vehicles.

Business

Pres. Trump promises 'massive tax cuts' to individuals, businesses in new plan

For now, though, the president will settle for changes he can make with the stroke of a pen. The government originally set August as the deadline for getting congressional approval for tax reform, but Mnuchin warned Thursday that it will "take till the end of the year".

Business

BP struggles to contain a natural gas leak in Alaska

In 2010, a BP-operated drilling rig called Deepwater Horizon exploded, killing 11 people and spilling almost 5 million barrels of oil into the Gulf of Mexico, making it the largest oil spill in US federal waters. Leaks were first detected Friday in the well operated by BP Exploration Alaska Inc., a subsidiary of BP. The accident was the worst oil spill in the North Slope, but thankfully does not even come close to the millions of barrels that the Macondo well gushed into the Gulf of Mexico in ...

Business

Majority says Ivanka, Kushner's White House roles inappropriate

Her father's first year in office has proved to be fruitful for Ivanka Trump's business assets: Imports of her merchandise in China and across the globe have surged; sales have already reached record highs in 2017; and her perfume was the No.

Business

United Crew Can No Longer Bump a Boarded Passenger

A spokesperson for the airline told the New York Times that the policy change was meant to help guarantee that incidents like last week's "never happen again". The video has been viewed millions of times worldwide, and caused a global uproar and grabbed headlines in multiple countries. The incident - and Munoz's muted response to it - also prompted global outrage, particularly from China, where public anger was fuelled by reports that the passenger was Asian.

Business

United chief met Chinese officials over dragged passenger

He was asked if the company ever considered firing anyone, including management. It also said airline employees will have to book seats at least an hour in advance, to avoid bumping passengers already on board the aircraft. Security was called and after a violent tussle with the passenger in his economy-class window seat, the medic was dragged off, apparently unconscious, with two teeth missing, a broken nose and concussion.

Business

Ready to respond to US aggression: North Korea

Though understandable given North Korea's own irresponsible behavior over the decades, ongoing joint military exercises with the USA and South Korea act as a perpetual irritant. So-called secondary sanctions on Chinese banks that do business with North Korea could also be in the offing, officials have said. "If the U.S.is planning a military attack against us, we will react with a nuclear pre-emptive strike by our own style and method".

Business

GM plans to launch 10 electric cars in China by 2020

In order to defend its market position in China, VW will invest in locally developed electric auto technology, Diess said. SAIC, the country's largest automaker, said it expects to double sales to 600,000 units this year. "We are going to localise electric cars for Mercedes-Benz", Daimler's board member responsible for China, Hubertus Troska, said. General Motors is showing the Buick Velite 5 plug-in hybrid , a revised Chevy Volt.

Business

United States urges China to open trade, holds off on currency manipulator tag

While the report stops short of labeling the country a currency manipulator, the Treasury Department report criticizes China for past currency manipulation and warns that the United States "will be scrutinizing China's trade and currency practices very closely".

Business

World oil prices edge down over expected climb in United States output

WTI rose 4.6 per cent to $53.40 a barrel in the report week, and traded 0.9 percent lower at $52.73 as of 12:55 p.m.in Hong Kong on Monday. 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

France says pressure needed to stop North Korea crossing next nuclear hurdle

It has conducted five so far, and last week analysts warned that the country's nuclear test site was "primed and ready" for a sixth. Meanwhile, UN Secretary General Antonio Guterres, on Wednesday said that he believes it is important for all countries involved in past talks on denuclearising the Korean Peninsula - South Korea, Japan, China, Russia and the United States - to help prevent the North's potential nuclear capability from becoming a threat to the global community.

Business

Bubba Watson fires 66 to take lead at Shenzhen International

Star draw Bubba Watson struggled to get much going on the greens as he fired a 70 to stay within striking distance of Wiesberger on 10 under alongside Levy and Gregory Bourdy, who made a sensational start when he followed a birdie at the second with a hole-in-one at the third.

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.


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