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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.

Business

Strategy on N. Korea centers on sanctions, open to talks

During a meeting with foreign ambassadors who sit on the United Nations Security Council, Trump answered questions about his goals in Syria and North Korea - but declined to offer specific terms for U.S. On Wednesday, North Korea's United Nations mission said it would react to "a total war" with the US with nuclear war. Beijing's influence is seen as vital to agreeing to and implementing tougher economic sanctions to try to persuade North Korea to abandon its weapons programs.

Business

China criticizes North Korea, praises U.S. on nuclear issue

Those possibilities include defensive exercises or Chinese concerns over North Korea. Mattis credited China with trying to help get the North Korea situation "under control" with the goal of denuclearizing the Korean Peninsula. military presence to China's borders. Mattis denounced North Korea's attempted missile launch as he began a Middle East tour, telling reporters traveling with him to Saudi Arabia, "the leader of North Korea again recklessly tried to provoke something by launching a ...

Business

Trump condemns Holocaust deniers, anti-Semitism

President Donald Trump condemned anti-Semitism and Holocaust denial at a ceremony inside the U.S. Capitol Rotunda on Tuesday. Speaking at the Holocaust Memorial Museum in Washington, D.C., Trump memorialized the late Holocaust survivor and Nobel laureate Elie Wiesel and said it was humanity's duty to never forget the Nazi regime's crimes.

Business

Donald Trump proposes biggest tax cut to bolster job prospect in US

Trump officials have offered varying explanations for why the president does not disclosure his returns. His daughter and son-in-law, both White House advisers, are also holding onto significant business assets. Short said the administration didn't want to set a firm timeline, after demanding a quick House vote on a health care bill and watching it fail. On the other hand, it would trim other deductions, including for state and local tax payments, a change that could alienate lawmakers in ...

Business

Prudential plc 29.9% Potential Upside Indicated by Berenberg

The correct version of this article can be viewed at https://transcriptdaily.com/2017/04/25/intercede-group-plcs-igp-corporate-rating-reiterated-at-finncap.html. Numis Securities maintained Weir Group PLC (LON:WEIR) on Friday, February 12 with "Hold" rating. The rating was downgraded by Loop Capital to "Hold" on Thursday, March 2.

Business

Ford 1Q earnings down on recalls, lower sales; revenue rises

Ford said it had 14.1% of the North American market, down 0.5 points from past year. In February for example, Ford announced it would invest $1 billion over the next five years to take a majority stake in Argo AI, an autonomous driving startup headed by former employees of Google and Uber.

Business

China launches second aircraft carrier

China now has only one operational aircraft carrier , the Liaoning , which was built more than 25 years ago by the Soviet Union. In the past few decades, India and China have taken different paths in terms of aircraft carriers , but the different results achieved by the two countries point to the underlying importance of economic development.

Business

Under Armour Inc (UAA) Stock Rating Reaffirmed by Credit Suisse Group AG

Finally, Credit Suisse Group AG downgraded shares of Under Armour from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $29.00 to $17.00 in a report on Tuesday, January 31st. If you are reading this report on another site, it was illegally copied and republished in violation of U.S. & global copyright legislation. Hedge funds and other institutional investors have recently modified their holdings of the company.

Business

Caterpillar, Inc. (NYSE:CAT) Under Analyst Spotlight

Caterpillar (NYSE: CAT ) traded up 0.23% during trading on Wednesday, hitting $104.66. Integrated Wealth Management increased its stake in Caterpillar by 34.6% in the third quarter. On average, analysts forecast that Caterpillar Inc . will post $3.26 EPS for the current year. Shareholders of record on Monday, April 24th will be issued a dividend of $0.77 per share.

Business

Kane's focus on Tottenham not Chelsea in title run

Narrow victory at Crystal Palace, courtesy of Christian Eriksen's solitary goal 12 minutes from time, proved his side's strength of character following an FA Cup semi-final defeat and Chelsea's win the night before, and maintained the momentum they have built up since late February.

Business

Apple to test self-driving cars in California

The permit allows Apple to test drive three different vehicles with six different "drivers" sitting behind the wheel. Recent reports indicate Apple may not be building its own autonomous auto, but is rather focusing on developing self-driving software to be implemented in partnership with existing automakers.

Business

United Airlines CEO answers lawmakers on passenger dragging incident

But the ten month old and 3 foot long rabbit named Simon was found dead when arrived to the United States city. The changes being implemented by United are unlikely to end the public relations backlash that continues to dog the airline nearly three weeks since the incident involving Dao.

Business

Obama Makes First Public Speech Since Leaving Office

Without getting overtly political on this topic, Obama made it clear that it's up to young people to take charge and create the country they want, echoing the tone of his final presidential speech in January. For the most part, Obama and former first lady Michelle Obama have steered clear of the public spotlight since leaving the White House. He has tweeted a few times and issued a few statements through a spokesman, notably to defend his signature domestic policy achievement, health care ...

Business

Mnuchin: Trump's tax plan is a 'middle-income tax cut'

The plan would also reduce the tax rate for "pass-through" businesses, which include partnerships of doctors and lawyers and sprawling real estate partnerships like those Trump ran himself. And Bush's tax cuts put the nation on vulnerable fiscal footing, depriving the government of revenue as the United States waged two wars and faced a financial crisis.

Business

France's Le Pen steps down as party leader

Le Pen and liberal centrist Macron will face off in the second round vote on May 7, neither of them bound to a traditional party. The candidate for the extreme-right traveled Wednesday to the Whirlpool site in Amiens while, a few kilometers away, Macron spoke, as planned, with union delegates from the enterprise.


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