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United Airlines CEO Oscar Munoz won't chair company's board in 2018

Munoz, Robert A. Milton or Henry L. Meyer III would not constitute "Good Reason". The lawyer for a man who was violently dragged off a United Airlines flight is now representing the mother involved in a separate incident on American Airlines over the weekend.

Business

Anonymous bidder trying to steal spectrum out from under AT&T's nose

What's more, Straight Path is giving AT&T five business days to negotiate an amendment to match or exceed this new offer. The new deal comes in well above AT&T's $95.63 per share buyout that was announced just over two weeks ago. AT&T had agreed to buy Straight Path , a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal on April 10. As part of the settlement, Straight Path agreed to pay a $100 million civil penalty to the United States Treasury, ...

Business

Trump denounces anti-Semitism on Israel Holocaust day

Visitors listen to a guide during a tour the Yad Vashem Holocaust Memorial in Jerusalem , Sunday, April 23, 2017. In homes and businesses, people stopped what they were doing to pay homage to the victims of the Nazi genocide, in which a third of world Jewry was annihilated.

Business

France's Marine Le Pen gets criticism from dad

Cillaire, for her part, said that she "would nearly prefer to see Fillon and Le Pen in the second round", and that "if Macron comes to power, Le Pen will manage to win in five years". "We were asked to choose between hatred toward foreigners and the hatred toward the poor", wrote one Twitter user following the publication of election results on Sunday, using the trending hashtag #SansMoiLe7Mai , or #WithoutMeOnMay7.

Business

The IMF just boosted its growth forecast for Britain's economy to 2%

In its latest World Economic Outlook , the International Monetary Fund said it now expects the British economy to expand by two per cent in 2017, up from January's forecast of 1.5 per cent. Gains in infrastructure and trade support the IMF's prediction for greater global economic growth than previously expected. This will be the first spring meeting in Washington since US President Donald Trump took office, promising to take an "America first" approach in foreign policy.

Business

FCC Chairman Expected to Outline Net Neutrality Plans on Wednesday

Pai was an opponent of the FCC's increasing control over Internet service providers and led the charge against net neutrality rules ahead of his tenure as FCC chairman but still said he backs a "free and open internet," just under a different regulatory structure.

Business

Lockheed Martin Corporation (NASDAQ:LMT) To Release Earnings

The company has market cap of $1.31 billion. The Company operates through four segments. It has a 20.06 P/E ratio. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

Business

Kasich gives Trump 'incomplete,' keeps options open for 2020

John Kasich said Monday that he would grade President Donald Trump's performance as an "incomplete". After Trump won the nomination Kasich refused to endorse Trump. "My job is to be a voice that's constructive", Kasich said. "We don't communicate with one another, we are all consuming with what we agree with, and if we don't like what we see, we unfriend somebody or tell them they're insane".

Business

Alitalia expected to start bankruptcy procedures

Jointly with the Italian shareholders, Etihad had reaffirmed its strong commitment and principal willingness to support the airline with a package worth almost €2 billion in aggregate to help fund Alitalia's new five-year business plan. It was unclear if the Italian government might try to convince European Union officials to allow a "bridge loan" for Alitalia to ease the crisis. Earlier in the day the company said shareholders would discuss the next steps on April 27.

Business

Entire US Senate to be briefed on North Korea crisis

Counselor Kellyanne Conway and former Trump campaign communications director Jason Miller both declined offers to fill the press secretary position before Spicer was hired. Kim Sang Duk, also known as Tony Kim, was teaching at Pyongyang University of Science and Technology. "I think his comments that he made last week, that he understands that in a lot of cases this involves families and small children who have been here and he has a heart".

Business

Barrick Gold slashes Argentina mine output forecast after spill

Usually the RSI is considered overbought when above 70 and oversold when less than 30. Barrick Gold Corp (NYSE:ABX) traded down 0.99% during mid-day trading on Monday, hitting $19.04. The company has a 50-day moving average of $19.05 and a 200 day moving average of $17.43. Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future.

Business

Uber expects flying taxis to take off in 2020

Kicking off the event Tuesday morning, Holden outlined a future where a rider will open the Uber app and choose "UberAIR". The move comes as interest in futuristic flying cars is growing in Silicon Valley and around the world, with advocates promising the vehicles will cut commute times and ease road congestion.

Business

Emirates Airlines throws major shades at United Airlines

Earlier today, United Airlines CEO Oscar Munoz offered Dao an apology-the executive's third attempt at apologizing for the incident-and has promised to no longer use law enforcement officers to remove passengers. His lawyers filed court papers on Wednesday asking the airline and the city of Chicago to preserve evidence in the case. Thomas Demetrio and Stephen Golan, aviation lawyers who are representing David Dao , held a press conference where Crystal Dao, one of Dao's five children, also ...

Business

Emmanuel Macron picks up endorsement from Hollande

The report came a day after Macron's campaign chief Richard Ferrand accused Russian Federation of carrying out cyberattacks on the campaign's computer network. Macron will win the second round as a majority of voters regard Ms. Le Pen and her party as risky for France's democracy and its values. However, Mr McGuire cautioned that, after the UK Brexit vote and the election of Donald Trump in the U.S., no one should take anything for granted ahead of the second round on 7 May.

Business

Netflix breaking into China with iQiyi deal

Netflix is to introduce original content in China in a licensing deal with local video streaming service iQiyi .com, says the USA company. "Right now what we will do is look to license content into China". Variety reported earlier that a Netflix executive, Robert Roy, announced at a conference in Indonesia that a deal with iQiyi was in place. Netflix CEO Reed Hastings recently said that a full China launch was unlikely in the near term, and that the company would focus on licensing for ...

Business

Ontario's New Fair Housing Plan - The Good and the Bad

Following two consecutive years of double-digit gains, Toronto's average house prices in March 2017 were up over 33 per cent over a year earlier. Tal took issue with the province's plans to expand rent control, which now applies only to units built before November 1991, to all private rental units.

Business

CytRx Corporation's (CYTR) stock price is Currently Worth at $0.83

Earnings per share (EPS ) breaks down the profitability of the company on a single share basis, and for CytRx Corporation the EPS stands at -0.06 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.11, suggesting the stock exceeded the analysts' expectations.

Business

Nasdaq passes 6000 for first time

The Nasdaq, which includes Bay Area tech stalwarts Apple, Google's parent company Alphabet, Intel, Oracle and Cisco Systems, crossed the 6,000 level shortly after stock trading began at 6:30 a.m. Polls show Macron is likely to beat his far-right rival Marine Le Pen in a deciding vote on May 7. Of the 100 S&P 500 companies that have reported results so far, 77% have beaten profit expectations, according to Thomson Reuters I/B/E/S.

Business

Looters will have to return the loot, PM tweets over Mallya's arrest

Expressing delight post the arrest of beleaguered liquor baron Vijay Mallya from London, former Kingfisher employee Neetu Shukla on Tuesday said the employees will cherish the move further more when they recover their dues. March-April: ED issues several summons to Mallya to appear before it. Non-bailable warrant issued by designated courts (ED). The Congress asked why the Modi government sought Mallya's extradition, and not deportation which it claimed would have ensured his immediate ...

Business

Walker welcomes help from feds on Canadian dairy dispute

After Trump's attack, Canada's ambassador to the US sent a letter to the governors of Wisconsin and NY saying Canada' dairy policy is not the cause of financial losses for USA dairy farmers. A recent paper by the Montreal Economic Institute said that supply management in Canada's dairy sector has led to inflated consumer prices for milk products that cost each Canadian an extra $258 a year.

Business

MCD polls: EVMs dominate talks during AAP huddle at Arvind Kejriwal house

A ward-to-constituency computation of exit polls suggests the AAP numbers would plummet down to a single digit if elections for Delhi's legislature were to held right now. Exit poll by ABP News predicted a huge win for BJP in all the three municipal corporations with AAP a distant second. A voter shows her inked finger and voter ID card after casting her vote during the MCD elections, in New Delhi on Sunday.

Business

Facebook Spaces Brings a Fun Way to Interact in VR Environment

During his keynote speech at the company's developer conference F8, Zuckerberg said people would be able to do cool things like use their phones to play virtual games on coffee tables, overlay stats on an exercise video and leave virtual notes on the fridge.

Business

Marissa Mayer will walk away from Yahoo with $186 million

CEO Marissa Mayer is set to earn $186 million after the Internet company's sale to Verizon Communications (VZ) is complete, the Wall Street Journal reports . Yahoo declined to comment on Mayer's compensation, apart from the information included in its legal filings. Mayer, along with other Yahoo execs, will receive accelerated vesting of all stock options and other equity awards under the terms of the Verizon sale.

Business

North Carolina class-size proposal phases in lower caps

The bill, an altered version of HB 13 , gives systems more flexibility in reducing classroom size and paying specialties teachers in the school year that begins in July. Requiring local school districts to achieve a district-wide average class size in grades K-3 that is equal to the teacher-to-student ratio now in law and being funded by the state (either 18, 16 or 17 students, depending on the grade level) and a single class maximum of three above that number in the 2018-19 school year.

Business

French presidential hopeful Marine Le Pen temporarily stepping down as party leader

Le Pen finished just two points behind Macron on Sunday while earning her political party the most votes it's ever gotten. It attacked presidential Macron as a "candidate of oligarchs" and banking lobbies, who parties with show-business celebrities, as it sought to portray Le Pen as more in touch with the French people.

Business

N. Korea conducts large-scale artillery drills on anniversary

According to the daily, "all parties would bear the consequences, with Pyongyang sure to suffer the greatest losses". The warships were briefly at the centre of some confusion when they did not immediately head to the Korean peninsula , but US Navy officials said it is now proceeding to the region as ordered.

Business

Tory election manifesto 'will include PM's Brexit pledges' to stifle rebellion

Although Parliament will not be officially dissolved until early May, campaigning is already under way - with Lib Dem leader Tim Farron addressing a rally of activists in south-west London earlier on Wednesday . The U.K.'s having another election in June, this time to decide which party will be running the country during its separation from the European Union.

Business

Bull versus the girl: iconic NY statues at loggerheads

As a result he's challenging New York City's authorities to have " Fearless Girl " removed before its intended February 2018 closing. The goal of the statue "was to create a powerful symbol to stand as a reminder" that putting more women in corporate leadership roles was a boon on many levels, the statement concluded.

Business

United Debacle Attorney Now Repping Mother From American Incident

The woman, who has not been identified, was boarding a flight at San Francisco International Airport when passengers allege a flight attendant "violently" took a stroller from her, nearly striking her baby. Officials at American Airlines have apologised, saying that the alleged confrontation does not reflect the company's values. Asked if there will also be a lawsuit by the mother against American Airlines-which was far more responsive than United to the respective incidents-Demetrio said he ...

Business

MCD polls: SEC receives 9 complaints of glitches in EVMs

The AAP and the Congress were expected to get 10 seats each. "One, pre-2006 EVMs without security features are being used in Delhi; two, these EVMs have no VVPATs; three, the EVMs are coming from Rajasthan (where he said EVMs were tampered with)", Kejriwal told reporters on Sunday.

Business

FelCor Lodging Trust Incorporated (FCH) Stake Cut by AQR Capital Management LLC

The firm is scheduled to report its next earnings report on Wednesday, May 3rd. Chatham Lodging Trust (REIT)'s dividend payout ratio is 155.30%. However, the stock is trading at -12.75% versus recent highs ($9.13). Several other hedge funds have also recently made changes to their positions in FCH. Ltd. raised its position in shares of Chatham Lodging Trust by 26.7% in the third quarter.

Business

Seoul: N. Korea drill marks military anniversary

With North Korea reportedly coming close to owning a nuclear-tipped ballistic missile, the U.S. Trump administration has been ramping up pressure on North Korea and persuading China to join efforts to curb North Korea's nuclear and missile programs.

Business

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

The PPG chairman said shareholders will certainly want to know why AkzoNobel executives have refused to meet with PPG ever since the United States company launched its first bid for the company in early March. The new proposal offered to buy all shares at some 96.75 euros per share, an increase of 6.75 euros on its last bid on March 21. " AkzoNobel's standalone plan also will require substantial restructuring; potentially decreases free cash flow, putting future and accelerated growth ...

Business

Police pick up adorable intruders: A pair of pygmy goats

Sergeant Daniel Fitzpatrick was the hero they needed, tracking them down to a stranger's garage in Belfast, Maine , where they were eating cat food. Fitzpatrick then just drove around looking for the goats' owner, but not before taking some selfies of his adventure.

Business

What's Boosting Caterpillar Stock to a New High after Earnings

It's all connected to a Swiss subsidiary -- where it is believed by investigators that Cat moved $8 billion in profits to avoid more than $2 billion in USA taxes. Hasbro, Inc. (NASDAQ:HAS) reported first-quarter profit of $68.6 million. Alcoa is no longer the "unofficial" start of earnings season, but it should enjoy some time in the spotlight amid an earnings beat and a pop in AA shares.


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