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Business

Latest GDP report is an economic wake-up call

This residual seasonality means it would be a mistake to reach a conclusion about what the first-quarter report means for the rest of the year. The economy grew at a 2.1 percent pace in the fourth quarter. Trump said he could double growth to 4 percent, though since then, Treasury Secretary Steven Mnuchin has said the goal is to achieve GDP growth of 3 percent or better with a combination of lower taxes, deregulation and better enforcement of trade agreements.

Business

Alphabet Shares Hit New All-Time High on Strong Earnings

One analyst said that for a company the size of Google to post growth it did, is testament to the usefulness and quality of its products. Certain advertisers have curtailed their spending until they are convinced Google can prevent their brands from appearing next to extremist clips promoting hate and violence.

Business

NYC launches ferry service with Queens, East River routes

A ride costs $2.75, the same as the subway, and includes transfers. "A new era begins in New York City", Mayor Bill de Blasio said . Now in Hudson County, there is ferry service to Manhattan in West New York, Weehawken, Hoboken and Jersey City.

Business

FCC Chief Lays Out 'Net Neutrality' Rules Rollback

Some sources say his approach this week could simply be to propose doing away with the FCC's regulatory classification of internet service providers and solicit comments on how the agency can keep the net neutrality principles without that classification.

Business

Airbnb settles lawsuit with San Francisco over home-sharing rules

Airbnb will produce a platform for hosts to register with the city through its website. "This is a turning point when it comes to enforcement", Herrera said. Registration numbers from that office - or at least proof of a pending application - will be required for all San Francisco listings. Short-term rental companies have previously shown reluctance to help the city enforce the law.

Business

Predators take 2-1 series lead, beating St. Louis Blues 3-1

Louis. Nashville won, 3-1, in Game 3, taking a 2-1 lead in the best-of-seven Western Conference semifinal series on an afternoon when the Blues weren't almost competitive enough, according to coach Mike Yeo. So for third time in three games in the series, the Predators had the game's first goal. "I don't think we did, and that's why we won, to be honest".

Business

Trump signs bill to prevent government shutdown

The short-term bill, known as a continuing resolution (CR), extends fiscal 2016 government funding levels through next Friday. Republicans introduced a bill Wednesday to fund government operations at current levels for one more week, giving them time to finish negotiations with Democrats on the plan for the rest of the fiscal year ending September 30 .

Business

Embattled United CEO received US$18.7m in 2016 compensation

The Senate Committee on Commerce, Science and Technology said Friday that the airline and the Chicago Department of Aviation did not meet their Thursday deadline for providing an explanation about the altercation on United Express Flight 3411.

Business

White House officials offer conflicting details of Trump tax plan

The White House sought to build some momentum on Friday with an effort to examine and potentially dismantle some of Obama's tax and financial regulations. However, Mnuchin emphasized that he anticipates the tax system will be changed in 2017. He said Monday that Trump is "very determined" that the US can achieve sustained economic growth of 3 percent or greater, which would pay for the tax cuts along with "trillions of dollars" brought in from offshore havens.

Business

United Airlines reaches settlement with passenger dragged from plane

Dao's lawyer, Thomas Demetrio, said his client "has become the unintended champion for the adoption of changes which will certainly help improve the lives of literally millions of travellers". Those officers have been suspended with pay while the investigation is ongoing. Dao's lawyer had said in an interview with "Today" Monday morning that he planned to file a lawsuit in the case.

Business

New York City to Receive $61Mln Reimbursement for Trump Security Costs - Mayor

Members of Congress managed to agree on a spending bill-price tag is more than $1 trillion-that includes $1.5 billion in new border security but not an actual wall , plus $15 billion more for the Pentagon. Today, the mayor's office said it had cost the city $24 million. Trump moved to Washington on January 19. O'Neill has estimated that protecting the president's Fifth Avenue Xanadu costs the city up to $146,000 daily when its owner isn't in town-and more than twice that when he is.

Business

Oil prices fall on expected surge in USA shale output

United States gasoline stocks posted a counter-seasonal build of 1.5 million barrels, because of rising refining activity. OPEC and other producers such as Russian Federation agreed to cut output by almost 1.8 MMbbl/d in the first half of 2017 to drain a supply overhang that has persisted for nearly three years.

Business

How about renegotiating NAFTA as a treaty this time?

They called me. They said , 'Rather than terminating NAFTA, could you please renegotiate?' I like them very much, I respect their countries very much. "The only surprise was the quick reversal", said Gary Hufbauer, a senior fellow at the Peterson Institute and a top U.S. NAFTA expert. "They should reasonably be able to expect that others are also going to play by the rules", said Tom Vilsack, president and CEO of USDEC.

Business

ICC vote paves way for Ireland's promotion to Test cricket status

India will get US$293m and England $143m, while Zimbabwe will receive US$94m. The BCCI's opposition to revamped governance model was rejected 1-9, while its opposition to a proposed revenue model was struck down 2-8. According to an unnamed senior BCCI official present in Dubai , the ICC has not yet withdrawn its offer of $390 million - almost $100 million more than the $293 million which the BCCI is slated to get now.

Business

Reckitt Benckiser Group Plc 25.1% Potential Upside Indicated by Whitman Howard

The stock increased 1.34% or $0.67 during the last trading session, reaching $50.73. About 430,007 shares traded. Curtis Banks Group PLC (LON:CBP) declared a dividend on Thursday, March 23rd. Denver Advsr reported 0.01% stake. Its up 2.98% from 692,400 shares previously. Dunedin Enterprise Investment Trust PLC is a United Kingdom-based investment trust.

Business

Cities can sue banks under fair housing law

This ruling opens the door for the City of Miami to proceed with its lawsuit, which alleges that Bank of America and Wells Fargo discriminated against African-American and Hispanic homeowners in their mortgage terms and fees, leading to excessive foreclosures and loss of property tax revenue collected by the city, according to City Commissioner Francis Suarez, who spearheaded the decision to sue the banks.

Business

Lawmakers find common ground on $1T plan to keep gov't open

Trump had requested $30 billion more in military funds for this year after campaigning hard on a defense buildup during the 2016 election campaign". Republicans will be able to tout increases in defense and border spending, while Democrats will highlight a $2 billion increase in National Institutes of Health funding and year-round Pell grants, as opposed to grants only awarded twice per year.

Business

McDonald's Just Created a Fork Made of French Fries

McDonald's announced a new product that will be released Friday that will help you make a happy plate without getting your hands messy. "Will the Frork change your life?" The Signature Sandwiches are customizable, upscale burgers and chicken sandwiches that feature flavors like Pico Guacamole , Sweet BBQ Bacon and Maple Bacon Dijon .

Business

Twenty-First Century Fox in talks with Blackstone to buy Tribune

A source familiar with the situation confirmed that the companies were in talks, but said a bid may not materialize. Tribune Media, which closed Monday at 36.58, has a market cap of $3.2 billion. The reports of Fox ramping up its efforts to win Tribune's assets arrive as Sinclair is reportedly only a week away from solidifying its bid for Tribune.

Business

Trump reveals his team talked him out of scrapping NAFTA

In phone calls Wednesday to Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau, the White House said, Trump "agreed not to terminate NAFTA at this time ". He has called NAFTA the worst trade deal in history and blames it for the loss of millions of U.S. manufacturing jobs to Mexico, even though congressional nonpartisan research found that not to be true.

Business

Petrol and diesel prices to be revised daily now

Oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, which own over 95 percent of almost 58,000 petrol pumps in the country, will launch the daily price revision in these 5 cities in the pilot phase.

Business

United Airlines chief executive set to testify before Congress

It clearly showed the police pulling him off his seat with great force. His lawyer says he lost teeth and suffered a broken nose and a concussion. Separately, United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to US$10,000 and limit the use of law enforcement to safety and security issues alone.

Business

National Ag Organizations Relieved US Will Remain in NAFTA

Trump, sitting Thursday alongside Argentinian President Mauricio Macri, said, "I was going to terminate NAFTA as of two to three days from now". Dias said the only way for the Canadian government to respond is "to go head to head" with the Trump administration.

Business

Oil prices tumble on United States inventories data

Analysts said they expected crude oil inventories to have fallen by around 1.5 million barrels last week. U.S. West Texas Intermediate slipped 17 cents to $52.24 a barrel as of 10:49 a.m. WTI futures settled at $52.41 a barrel, down 24 cents. U.S. OPEC members Saudi Arabia and Kuwait signalled that the Organization of the Petroleum Exporting Countries and other producers, including Russian Federation, would likely extend their oil output cut beyond June.

Business

Marine Le Pen separates herself from Front National

Oddschecker reports 68% of bets have been placed on Le Pen since her announcement she is to step aside from the National Front and fight the second round of the election as an independent candidate. Le Pen started her day at the Rungis wholesale market outside Paris , calling for more food to be produced and consumed in this country known as the gastronomic center of the Western world.

Business

Canadian Energy Companies Pembina Pipeline, Veresen to Combine

Some Canadian producers hope to replicate the success of US drillers using hydraulic fracturing technology, and Monday's deal appears created to capitalize on that. Pembina shares declined 2.2 percent to C$42.56, and the overall energy group retreated 0.5 percent. The Transaction was unanimously approved by the Boards of Directors of both companies and is expected to close late in the third quarter or early in the fourth quarter of 2017.

Business

Google pays CEO Sundar Pichai $200 mn for 2016

For the three months ended March 31, Alphabet reported revenues of US$24.8 billion - up 22% year-on-year and 24% on a constant currency basis. In the earnings release to accompany the results, Porat added: "We clearly continue to benefit from our ongoing investments in product innovation and have great momentum in our new businesses across Alphabet ".

Business

United issues a 10-point plan for not being a disgusting airline

However, the doctor refused, making the airport police at Chicago's O'Hare International Airport drag him out of his seat. Dao suffered concussion, a broken nose, and lost his two front teeth in an experience that his lawyer said was "more horrifying and harrowing" than his experiences during the Vietnam War.

Business

USA growth hits three-year low at start of 2017

Gross domestic product, the broadest measure of goods and services produced in the USA, rose 0.7%, at a seasonally adjusted annual rate, in January through March, the Commerce Department said Friday. Wall Street anticipates for growth at an annual rate of 2.8 percent in the second quarter. Consumer spending weakness has been blamed on the mild winter that undermined the demand for utilities and heating production.

Business

What Will Stop Uber From Being Just Another Failure In The Sky?

The flying auto option would eventually be available in the Uber App. The fleet of VTOL aircraft has been dubbed Uber Elevate , and will be manufactured in partnership with Aurora Flight Science , Pipistrel Aircraft , Embraer , Mooney , and Bell Helicopter .

Business

US Supreme Court Denies Arkansas Request to Begin Executions

Monday was a chaotic day in both state and federal courts, which ended up lifting two of the largest obstacles that faced Arkansas from carrying out its first execution since 2005, reports ABC News. "Earlier this evening Don Davis did receive his last meal which consisted of fried chicken, rolls, great northern beans and mashed potatoes, fruit punch and strawberry cake for dessert", Graves said.

Business

Opec: Oil price recovery seen amid output cuts

US government drilling data showed shale production next month was set to rise to 5.19 million barrels per day (bpd), with output from the Permian play, the largest USA shale region, expected to reach a record 2.36 million bpd. USA crude oil production reached 9.24 MMbpd, according to the latest Energy Information Administration data, making it the world's third-largest producer after Russian Federation and Saudi Arabia.

Business

United Airlines Provides 'Amicable Settlement' For Dao Incident

The chief executive of United Airlines Inc will testify before a House panel on Tuesday in the aftermath of the forced removal on April 9 of a passenger from a Chicago flight, an incident that drew global condemnation. Dao's attorney praised his client's apparent role in bringing about the changes. Munoz said he also wants agents and flight attendants to get more help at de-escalating tense situations.

Business

Deadly crash on OH interstate sparks large fireball

Mark Ponichtera. "The fire crews had to let that burn out before they were able to put foam on that". The station spoke with resident Brad Roediger. The southbound carriageway will be closed for several days as engineers fix the extensive damage to the road surface caused by the inferno, according to WHIO-TV.

Business

Trump to visit Philippines in November for East Asia Summit

Despite Duterte's anti-U.S. statements, analysts say most of his tangible policy changes geared towards Washington have been minor. The 71-year-old Duterte, who has been compared with Donald Trump , was elected president of the Philippines just months prior to Trump's 2016 election win.


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