Business
U.S. jobs report shores up markets but oil weakens further
U.S. light sweet West Texas Intermediate ( WTI ) crude futures were trading at $45.40 per barrel, down 12 cents, or 0.3 per cent, after a more than 4 per cent drop the previous session. USA production "could go pretty high", Hamm said in March at the CERAWeek by IHS Markit conference in Houston, one of the largest gatherings of oil executives in the world.
Business
Justice Department launches criminal investigation into Uber
Uber's "Greyball" software revealed to a be a program that enables Uber drivers to identify government authorities. Greyball even helped Uber evade authorities overseas in countries such as Australia and China, according to the New York Times .
Business
US Economy Grows At Slowest Pace Since 2014
The Atlanta Federal Reserve was predicting first-quarter growth of just 0.2%. "Household spending was held down by a drop back in motor vehicle sales from a near-record high at the end of past year and the unseasonably warm winter weather, which depressed utilities spending", said Paul Ashworth, chief USA economist at Capital Economics .
Business
Fed holds interest rates steady, downplays economic weakness
Analysts and traders widely expected the Fed to leave rates unchanged and keep to a forecast of two more potential hikes this year. The report indicated that economic growth seems to have accelerated at the start of the second quarter after slowing to 0.3% in the first three months of the year.
Business
United Nations should consider 'stronger sanctions' on N.Korea
While South Korea's Defence Ministry could not immediately confirm the report, the Office of the Joint Chiefs of Staff said: "Our military is closely monitoring the North Korean military's movement in Wonsan areas and we are firmly maintaining readiness".
Business
Macron Targeted in Massive Hack, France Warns against Republishing Campaign Emails
As much as nine gigabytes of data were posted on a profile called EM LEAKS to Paste Bin, a site that allows anonymous document sharing. It said that the hackers had mixed fake documents along with authentic ones, "to sow doubt and misinformation".
Business
Fed leaves rates unchanged but signals further hikes ahead
The U.S. economy grew at an annual rate of 0.7 percent in the first quarter of this year, lower than the 2.1 percent growth in the previous quarter and the weakest performance in three years, the Commerce Department said Last week. A statement from the Federal Reserve said: "In view of realized and expected labor market conditions and inflation, the Committee made a decision to maintain the target range for the federal funds rate at 3/4 to 1 percent".
Business
Philippine justice writes online book on China's sea claims
The New York Times reports today that, six weeks ago, during the lead-up to the Mar-a-Lago summit between Trump and Xi Jinping, the Pentagon turned down a request from the Pacific Command to sail a warship near a disputed reef in the South China Sea.
Business
Buffett dumps Big Blue: 'I don't value IBM the same way ...'
Berkshire spent $10.7bn (£8.3bn) to acquire a 5.4% stake in IBM in 2011 - a move that took analysts by surprise as Buffett had previously steered clear of technology firms. "We're taking time to make sure we invest in the right places and make sure we get the kind of margin high-value profile we're looking for". The conglomerate also ended the quarter with roughly US$96.5 billion of cash, equivalents and Treasury bills, a record sum and enough for one or more major acquisitions.
Business
Comac C919 lands after uneventful maiden sortie
China hopes, in the course of time, to convert the current worldwide airliner duopoly of Airbus and Boeing into a triumvirate, by making Comac a major manufacturer as well. Both companies said in November that they have started the hunt for suppliers, and they're aiming to conduct a maiden flight for the C929 in 2022. A letter from China's ministerial cabinet, read out after the plane landed, said the successful flight marked a "major breakthrough" and milestone for China's passenger jet ...
Business
Parents, Two Infants Kicked off Overbooked Delta Flight
Because their flight was over-sold, Brian and Brittany Schear say flight attendants told them their 2-year-old would have to vacate a seat they'd paid for, and he would have to sit on their laps instead. "So, then, it's going to be a federal offense", one agent said, "and you and your wife will be in jail and your kids will be -". Schear responded to that by saying there was no where he or his family including a pair of infants could go the crew member said, "You guys are on your own".
Business
SpaceX launches Falcon 9 rocket from Kennedy Space Center
The launch was originally supposed to be for Sunday, but the mission was postponed due to an issue with one of the first stage sensors. According to a tweet by SpaceX founder Elon Musk, the second launch almost didn't happen due to the wind.
Business
Lawmakers to airlines: Improve service or Congress steps in
United Airlines Inc executives will visit Capitol Hill on Tuesday to face lawmakers' questions about the forcible removal of a passenger on an overbooked flight last month, an incident that provoked worldwide outrage.United Chief Executive Oscar Munoz's appearance before the U.S.
Business
US Secretary of State lays out US diplomatic priorities
U.S. Secretary of State Rex Tillerson (C) shakes hands with ASEAN foreign ministers before a working lunch at the State Department in Washington , U.S., May 4, 2017. The secretary of state also threatened that Washington will impose restrictions on foreign companies and individuals doing business with North Korea if the respective countries did not act.
Business
GDP Growth Below Wall Street Estimates
Meanwhile, the large drag on fourth quarter growth was net exports, with economic headwinds overseas and the strong USA dollar challenging manufacturers. The U.S. economy's output grew at the slowest pace in three years during the first quarter, underscoring the challenges facing the Trump administration as it seeks to rev up economic growth.
Business
Delta boots family off red-eye flight, threatens kids with "foster care"
Brian and Brittany Schear originally bought the seat on the April 23 flight for their 18-year-old son, but at Delta's suggestion, Brian Schear told NBC Chicago , the teen took an earlier flight so the baby could ride in his vehicle seat in an airplane seat of his own.
Business
Esure Group PLC 11.3% Potential Decrease Indicated by Barclays Capital
This would imply the analyst believes there is a potential downside of -11 .3% from the opening price of 267.2 GBX. The last stock close price is down -5.74% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time.
Business
Heavily Indebted Puerto Rico Files for Bankruptcy
According to NYT , the state was on brink, needing to make a decision for its financial future because a court stay that had been keeping Puerto Rico's creditors from suing for full and timely debt repayment expired Monday. And the scale of Puerto Rico's debts is far larger than any other major American government, exceeded only by those of the more populated and wealthier New York, California and MA.
Business
Buffett's Berkshire Hathaway Cuts Stake in IBM by Third
The news comes from CNBC, and manages to take many unawares. Berkshire's share price has slightly lagged the Standard Poor's 500 including dividends during the eight-year bull market, but has outperformed since the global financial crisis mushroomed in September 2008.
Business
China's homegrown jumbo passenger jet takes to the sky
Questions remain regarding the safety approvals needed for the C919 to secure a foothold outside of China. The C919 project was first conceived in 2008 with the intent of taking market share from Boeing and Airbus. October 2013: Local media reports the C919's first flight will be delayed by a year until 2015, pushing first delivery dates to around 2017 or 2018.
Business
Macron stretches lead before French vote
En Marche! said the documents only showed the normal functioning of a presidential campaign, but that authentic documents had been mixed on social media with fake ones to sow "doubt and misinformation". Macron's team say his En Marche! party has been the target of attempts to steal email credentials since January. Le Pen "is one of the most intelligent politicians in France", Ophuls said.
Business
VWR CORP (NASDAQ:VWR) plays big role keeping medical laboratories well-stocked
The Stock now has the market capitalization of $4.5 Billion, P/E (price to earnings ttm) of 30.29 and Weekly volatility of 8.09% and monthly volatility of 3.06% respectively. 4 have given the stock a Hold rating, 0 as Underperform and 1 as Sell. The share last price represents downtick move of -62.54% in value from company's 52-Week high price and shows 70.32% above change in value from its 52-Week low price.
Business
Energy shares lead Asian stock losses as oil falls under $45
Job growth rebounded sharply last month with 211,000 positions added and the national unemployment rate down to near a 10-year low of 4.4 percent. "Today is a real scary day for the billions of dollars invested in higher oil prices", said Tom Kloza, global head of energy analysis at Oil Price Information Service.
Business
Buffett cuts stake in IBM and shares slide
Operating profit, which excludes investment and derivative gains and losses, fell 5 percent to US$3.56 billion, or US$2,163 per Class A share, from US$3.74 billion, or US$2,274. He's indicated he could sell portions of Berkshire's stock portfolio to fund a deal. Gems of wisdom from legendary investors like Warren Buffett and Charlie Munger often become inspiration and money-spinning mantras for investors.
Business
Justice Department opens criminal probe into Uber
An Uber spokesman and the Justice Department declined to comment. Soon after the use of the so-called "greyballing" technology in many countries was reported by the New York Times in early March, Uber said it would prohibit the use of the technology to target action by local regulators.
Business
Oil tumbles on supply concern, euro up ahead of French vote
While the market takes direction from USA inventories and rising production, investors are also monitoring whether producing countries have been complying with their 2016 deal to cut output around 1.8 million barrels per day (bpd) by the middle of the year.
Business
House committee approves bill to overhaul Dodd-Frank
While it's critical to ensure America does not face another financial crisis, Dodd-Frank was a knee-jerk reaction and has not lived up to the promises that it was sold on. One controversial provision of the bill, for example, might now be omitted: the Durbin Amendment. The bill would be subject to a Democratic filibuster in the Senate, and it's hard to imagine eight Senate Democrats breaking ranks to support legislation that's even similar to the House bill.
Business
Federal Reserve keeps interest rates steady -- June hike likely
Inflation measured on a 12-month basis recently has been running close to the Committee's 2 percent longer-run objective. The Fed has raised rates twice since the election, the most recent in March, and is expected to approve another hike in June.
Business
Apple Inc. (AAPL) Rating Reiterated by Rosenblatt Securities
Insiders have sold a total of 186,732 shares of company stock valued at $25,914,734 over the last quarter. Finally, National Pension Service boosted its stake in shares of Apple by 8.7% in the third quarter. Apple said on Thursday it's selling what may be $7 billion of debt, and will use proceeds in part to support a 63-cent dividend and an increased stock-repurchase programme.
Business
Canada Trade Dispute Is About Votes Not Money
At a meeting in the White House with the farmers, President Trump promised to open foreign markets to their products, but also used the same platform to protest against Canada's rejection cross border trade of dairy and lumber. "People don't realize that Canada has been very rough on the United States". Historically, lumber and dairy have always been points of contention between the countries, leading to tariffs, trade litigation, and settlements.
Business
Former NHLer Keith Primeau sorry for Sidney Crosby's plight
The victory gave the Penguins a commanding 3-1 lead in the best-of-seven series. A couple of things are going to have to happen, all of them possible. His save percentage ranks first among goaltenders in the second round and his GAA ranks second. ABOUT THE PENGUINS: While Crosby remains the face of the league, fellow former Hart Trophy victor Evgeni Malkin leads the NHL with 15 points (four goals, 11 assists) in eight playoff games and is no stranger to picking up the slack in ...
Business
Marine Le Pen hijacks Emmanuel Macron campaign visit to factory
Meanwhile, Martin Schulz, Germany's Social Democrat candidate and former president of the European Parliament, said he hoped Macron would win the second round with a broad majority to defeat the "anti-European" Le Pen . Mr Le Pen has faced several charges of racism and antisemitism in the past. Dalil Boubakeur urged the country's almost 5 million Muslims to "vote massively" to elect Macron , describing the second round of the vote as "decisive for the destiny of France and its religious ...
Business
Obama endorses Macron in France's presidential runoff
The lead of En Marche! The debate between the far-right Le Pen and her centrist rival Macron could be the climax of the heated campaign, as the two candidates attempt to shore up support from France's voters - 18 percent of whom are estimated to be undecided.
Business
Baton Rouge cops who shot Alton Sterling won't be charged
The report also says the officers saw the butt of a gun in one of Sterling's trousers pockets and saw him try to reach for it before he was shot. Richardson said organizers will continue to work on behalf of Sterling's family and in the broader fight to end killings of blacks by police.
Business
Warren Buffett sells 30 percent stake in IBM after revaluing it downward
Like blooming flowers, the sudden viral spread of rosé, and young people acting like horned-up animals, people with gather in Omaha, Nebraska tomorrow to celebrate another rite of spring: The Berkshire Hathaway Annual Meeting. In all, Buffett and his deputy investment managers, Todd Combs and Ted Weschler, spent $10.6 billion on equities in the quarter while selling $3.5 billion in stock.