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Business

Airbus Still Struggling to Hit Delivery Targets

It acknowledges "a number of in-service issues" with the A320neo - particularly with the Pratt & Whitney PW1100G-powered version - and says these "need to be resolved". Overall Airbus group revenues for the first quarter of 2017 increased 7 percent on the same period in 2016 at just under €13 billion ($14.3 billion).

Business

US unemployment claims tick up but remain at low level

The less volatile four-week average fell to 242,250, its lowest level since February. Continuing claims, a reading on the number of people receiving ongoing unemployment benefits, rose by 10,000 to 1.988 million in the week ended April 15th.

Business

Uber gears up to test flying cars in Dubai, Dallas by 2020

The company expects the cost of taking flying taxis to fall below auto ownership in the long run. The on-demand airborne ride-hailing service will be able to cut 30-minute trips on land to just around 5 minutes , saving customers a lot of time from their daily commute.

Business

Trump proposes major US tax cuts

Trump's tax proposal plans to cut corporate tax rate to 15 percent from 35 percent "to make US businesses the most competitive in the world", Secretary of Treasury Steven Mnuchin told reporters at the White House . The plan would also eliminate the deduction for state and local taxes, a step that could hurt taxpayers in places with high state taxes such as California and NY.

Business

Asian shares retreat from highs after Trump tax plan

It isn't. Like most things that involve Washington , it's complicated. If it passes into law, the estate tax will be gone, and so-called pass-through entities like hedge funds would enjoy almost a 5 percent tax cut. He argued that his big tax cuts would lead to a bigger economy and pay for themselves. But some economists and others warned that there simply aren't enough details contained in the plan, suggesting that there's more work to be done.

Business

McDonald's shelves plans to sell Japan unit stake after rebound

D Orazio & Associates Inc. increased its position in McDonald's Co.by 0.7% in the fourth quarter. Zions Bancorporation increased its position in McDonald's Co.by 0.6% in the fourth quarter. The business's revenue was down 3.9% on a year-over-year basis. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.9, indicating analysts in general look favorably on the company's future prospects.

Business

Trump Moves to Support Wisconsin Dairy, Lumber by Slapping Tariff on Canada

The Trump administration has drafted an executive order that would withdraw the US from the North American Free Trade Agreement (Nafta), US media say. He made the comment on Tuesday while imposing sizeable tariffs on all softwood lumber that Canada sells to the US, apparently in retaliation for Canada's decision to close its market to ultra-filtered milk that originates on dairy farms across Wisconsin.

Business

Canada Puts Housing Speculators on Notice as Toronto Prices Soar

Tim Hudak, CEO of the Ontario Real Estate Association, said the measures could help make homes more affordable for residents. "Right now we believe these are the measures needed to help people find a place to live that they can afford", she said.

Business

American Airlines Group Inc (AAL) Downgraded by Vetr Inc. to "Hold"

The stock increased 2.86% or $1.29 during the last trading session, reaching $46.44. The stock has a market cap of $23.26 billion, a P/E ratio of 9.59 and a beta of 0.93. Also, Director Ray M. Robinson sold 8,000 shares of American Airlines Group stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $45.22, for a total transaction of $361,760.00.

Business

1st Twitter Revenue Drop Since IPO

Overall, the number of global users checking Twitter daily grew 14% from the previous year, signaling greater engagement on the platform. Twitter reported first-quarter revenue of $548.3 million (down 8% annually) and adjusted EPS of $0.11 (down $0.04 annually), easily topping consensus analyst estimates of $511.9 million and $0.01.

Business

Lloyds share price rallies as investors cheer profit rise

LLOY has been the topic of a number of other research reports. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 74.00. JPMorgan Chase & Co. upped their price target on Lloyds Banking Group PLC from GBX 70 ($0.89) to GBX 75 ($0.96) and gave the company an overweight rating in a research report on Friday, January 20th.

Business

United Airlines to offer passengers over €9000 to give up seats

United CEO Oscar Munoz , who has been the head of the company through several PR disasters of late, said the new procedures came out of a review of this month's incident involving Dao, which sparked worldwide outrage . The United spokesman said the airline offered compensation to the owner, but did not disclose the amount. United said the changes being introduced were the result of "a thorough examination of its policies and procedures, and commitment to take action"' in the wake of Dao ...

Business

Limbaugh Is 'Not Happy' About Trump 'Caving' On Border Wall

President Donald Trump showed signals of holding off funding for the construction of U.S. -Mexico border wall Monday, just days ahead of a government shutdown deadline. The first time , telling Speaker Paul Ryan to pull the healthcare bill before it even came to a vote. Trump had requested that Congress provide USA funds to begin the wall, but he signaled Monday that he would not insist on it, saying he might be willing to wait until September for the funding.

Business

Coulter's Berkeley speech canceled, police prep for violence

But she said she changed her mind after student organizers withdrew their invitation, though they vowed to press ahead with a lawsuit filed on Tuesday accusing UC Berkeley of suppressing freedom of speech. "We're anxious about it turning into a huge battle between her security and conservative militia and antifascists and others", Pranav Jandhyala, founder of a nonpartisan campus club called BridgeCal, told The Post.

Business

What You Should Know About Trump's Tax Reform Plan

There would also be three tax brackets instead of the current seven, and many deductions in the current tax code would be eliminated. Roughly 176,000 of the 638,280 returns filed in ME in 2014, the a year ago for which figures are available, contained itemized deductions.

Business

Trump proposes major tax cuts, 15% corporate rate

The disappointment on the tax plan, which included a cut in the corporate tax rate from 35 percent to 15 percent, pulled down U.S. Treasury yields and the dollar overnight while U.S. Democrats sounded an immediate warning to the White House . "President Trump's tax plan is short on details and long on giveaways to big corporations and billionaires", said Nancy Pelosi, the top Democrat in the House of Representatives.

Business

Wells Fargo Directors Face Uncertain Prospects

Archon Partners LLC lowered its stake in shares of Wells Fargo & Co (NYSE: WFC ) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. "We do want a core of directors left able to reconstitute the board", said Anne Simpson, Calpers" investment director of sustainability. Management also faced questions and demands from activist investors on topics ranging from Wells Fargo's funding of a controversial oil pipeline to ...

Business

Amtrak accelerating Penn Station work, rail delays expected

For the almost 600,000 daily commuters that rely on Penn Station, the accelerated improvement schedule means weekday track work which could take platforms out of use during peak travel times. "The events of the past month have shown that we need to step it up there", said Moorman. Santoro said NJ Transit served as a tenant and had signed an agreement with Amtrak to provide funding for "state-of-good repair" for the Northeast Corridor.

Business

US Homeland Security Launches Office to Protect Victims of Immigrant Crimes

The Victims of Immigration Crime Engagement Office, or VOICE, was called for in President Donald Trump's January 25 executive order . The idea is to inform victims of the immigration proceedings of suspects, the Associated Press reports .

Business

President Trump Unveils Plan for Tax Reform

However, Congress would determine how much money an American family would be required to make before they jump between tax brackets . "For most Americans, we think they should be able to do their taxes on a large postcard", he said at the event, which was hosted by the newspaper The Hill .

Business

Donald Trump's rude awakening on health care

Mr. Trump's administration has signaled an openness to. Views of the law have been sharply divided along partisan lines since its passage. Polls this winter found widespread opposition to the GOP alternative. A group of conservative House Republicans have come out in favor of the bill after some proposed changes. States to run high-risk pools? Obamacare also established strong protections for people with pre-existing conditions , such as diabetes and depression - preventing consumers ...

Business

The FCC Begins Its Efforts to Undo Net Neutrality Protections

Net neutrality is the concept that Internet service providers should enable consumer access to available content and applications without either blocking or giving preferred access to specific content providers. It prohibits ISPs from charging content providers for speedier delivery of their content on " fast lanes " and deliberately slowing the content from content providers that may compete with ISPs.

Business

'Australians first': Temporary Foreign Workers Visa Abolished

The Daily Telegraph reports the government is working on a plan to replace the Howard government citizenship test with a more contemporary test that examines whether migrants have integrated into the Australian way of life and adopted its social values.

Business

Trudeau will stand up to Trump on trade

In a readout of the same phone conversation earlier on Tuesday, Canada's Prime Minister's office said that Trudeau refuted Trump's accusations against Ottawa over its alleged harmful softwood lumber trade practices. The US Commerce Department said it will conduct a thorough investigation and confirm its position on the lumber tariffs by September 27. Mr Trump also called a new Canadian tariff regime affecting U.S.

Business

Modi to flag off first Udan flight today

Ude Desh Ka Aam Nagrik or UDAN by flagging off the Alliance Airlines flight on Shimla-Delhi sector from Jubbar Hatti airport near Shimla on Thursday. "Simultaneously, Prime Minister Narendra Modi will also flag off the inaugural UDAN flights on Kadapa-Hyderabad and Nanded-Hyderabad sectors", the Ministry said in a statement.

Business

Vice President Hamid Ansari arrives in Poland

The meeting saw both sides agree on the fact that the global community must unite and speak with one voice against terrorism and not have double standards on the issue. India's Vice-President Mohammad Hamid Ansari arrived in Warsaw on Wednesday evening for his a three-day State visit to Poland. There is also considerable potential for bilateral engagement in the defence sector.

Business

Axis net falls 43%

The Bank's Net Interest Income (NII) grew 4% YOY to Rs 4,729 crores during Q4FY17 from Rs 4,553 crores in Q4FY16. Mr Kharat said the bank has earned a net profit of 319.70 crore rupees last quarter, which is a remarkable 278 percent growth as compared to the same period the previous year.

Business

Price Target Estimates for SeaDrill Limited (SDRL)

John Fredriksen as Chairman and Pres. Price targets show what analysts believes a stock will be worth at the end of a certain time period. While looking at the Stock's Performance, SeaDrill Limited now shows a Weekly Performance of -6.8%, where Monthly Performance is -50.07%, Quarterly performance is -76.14%, 6 Months performance is -69.74% and yearly performance percentage is -81.75%.

Business

Delta passenger kicked off flight after bathroom emergency

On April 18, Kima Hamilton was heading from Atlanta to Milwaukee on a Delta and as he was waiting on the tarmac for the flight to take off, Hamilton had to pee. Grounded by Delta, Hamilton told WDJT he was forced to buy a ticket for a Southwest flight- at three times the price of his original Delta ticket- to get home later that evening.

Business

Indian soldiers, 2 suspected rebels killed in Kashmir

Another video showed a young man tied to an army vehicle to prevent stone throwing at a convoy which was on the move to rescue colleagues surrounded by violent mobs. Two militants were killed as army foiled their attack, the sources said. Army spokesman Rajesh Kalia said two attackers were also killed during the pre-dawn assault in Kupwara district near the de facto border that divides Kashmir between India and Pakistan.

Business

Potash Corp's profit beats as costs fall, potash sales rise

I will analyse the latest data and look at the future of this high growth company in more detail. For the next 5 years, Potash Corporation of Saskatchewan Inc .is expecting Growth of -22.88% per annum, whereas in the past 5 years the growth was -30.99% per annum.

Business

SC Extended Sahara Chief Subrata Roy's Parole Till June 15

The apex court in a stern message warned Roy that he may be sent to jail again if the amount is not paid. Prakash Swamy had filed an affidavit on behalf of a foreign firm expressing his intent to buy Sahara's New York-based hotel. 1,100 crore to the apex court registry for acquiring land from Sahara. Earlier, the apex court had refused to hear a fresh plea of Sahara Group seeking more time to deposit Rs 5000 crore (approx.) with the SEBI.

Business

Maruti Q4 net profit jumps 16% on higher sales of premium models

The company sold 4.14 lakh cars in the period, the numbers growing by 15 per cent. For entire 2016-17, MSI posted net profit of Rs 7,337.7 crore, up 36.8 per cent, from Rs 7,511 crore in the previous fiscal. MSI had paid a dividend of Rs 35 per share in 2015-16. However, Q4FY17 net profit has declined by 2.03% from Rs 1,744.50 crore of the preceding quarter.

Business

Trump agrees 'not to terminate NAFTA at this time'

While campaigning previous year, Trump continuously vowed to force Canada and Mexico to renegotiate the NAFTA trade agreement with the USA, if elected. It removed tariffs and allows a free flow of goods between the United States, Canada and Mexico. Where Mr Trump stands on Nafta is hard to discern.

Business

Thursday's roundup: Predators sweep Blackhawks

But if that's not good enough for you, and you're now all like, "BUT WHY ISN'T THERE A VIDEO OF HER SCREAMING FROM THE STANDS?", please know, there is from Game 3 . They so dominated in every aspect of the game that good scoring opportunities for Chicago were rare, and frustrated Blackhawks chucked plenty of pucks from bad angles and from distance.


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