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Business

Tesla CEO says company to start selling solar roof tiles

Tesla is very confident about their product and has announced a lifetime warranty it for the buyers. Tesla's cost of active solar tiles is about $ 42 per square foot , "significantly below" BNEF's prior estimate of $68 per square foot, Bromley said.

Business

Boeing resumes 737 MAX test flights

The US airline manufacturer said this week that a possible flaw in an engine part had come to light during an inspection at its suppliers, a joint venture between General Electric and Safran. The restart of some flights raised the possibility that Boeing could maintain its commitment to deliver the first of the upgraded 737 jets next week to Malindo Air, an affiliate of Indonesia's Lion Mentari Airlines.

Business

China's 1st large homemade passenger jet taking to the skies

China first gave the world a glimpse of the plane, which will be able to carry 158-168 passengers, in November 2015 when it rolled it out at a ceremony in Shanghai. Bao Pengli, deputy director of Comac's project management department, said Thursday the manufacturer planned to make two planes a year from now to 2019 to obtain proof of safe flight, before any mass production would be started.

Business

Oriental Bank shares tank 7 pc after Q4 earnings

The bank's actual provision of Rs 464.5 crore fell short of RBI's calculation of Rs 1322.5 crore, revealed the news report. The bank has disclosed that Gross NPAs as reported by it on March 31, 2016 were Rs 748.98 crore, which is vastly lower than the Rs 4,925.68 crore as assessed by the RBI.

Business

Snapchat parent company's value plummets after earnings report

Snap is also embroiled in an embarrassing unfair dismissal case with a (brief) former member of staff who claims that the company sought to buff-up its usage figures prior to its initial public offering. Snap needs to grow fast in order to justify a market valuation of around $27bn prior to yesterday's crash, after it debuted with a valuation of $20bn - a price many suggested was grossly over-valued.

Business

United States to expand airline laptop ban to Europe

Citing officials who have been briefed on the matter, Reuters reported the ban is likely to be expanded but that the administration is now in the process of reviewing how to ensure that lithium batteries stored in the cargo hold don't explode mid-flight.

Business

US laptop ban "likely" to be expanded to flights from Europe

The current ban on Middle Eastern flights covers only nonstop flights to the USA coming from 10 airports in the Middle East and North Africa - including a few of the busiest transit hubs in the world: Istanbul, Turkey, and Dubai in the UAE.

Business

South Korea orders recalls for Hyundai, Kia after whistleblower report

Hyundai Motors Malta said it was investigating whether any vehicles in Malta were affected. But after it expanded in Gujarat there had been talk that major investors were investing outside Tamil Nadu. "Under such business needs and requirements of our company and stakeholders, I hope you kindly understand that we have not established our overseas plants in the same States where the plants of Hyundai Motor Company are located", Mr.

Business

Justin Bieber India Show

During a break in his Purpose World Tour schedule, the Biebs took to the streets for a friendly game of kickball with locals. Alisha, a 21-year-old final-year engineering student, has been a Bieber fan for the last seven years, and she didn't let an important upcoming exam stop her from attending the concert.

Business

Confusion over cost of company tax cuts

The Budget delivered by Treasurer Scott Morrison also outlined a massive $75 billion infrastructure splurge over 10 years, including the Commonwealth's outright purchase of Snowy River Scheme from NSW and Victoria. And the ultimate sign of getting the message is the abandoning of the so-called zombie measures - the cuts from the 2014 budget the senate refused to pass.

Business

Snap Inc (SNAP) Releases Earnings Results, Misses Expectations By $0.26 EPS

The social media company that he co-founded just lost almost a quarter of its value overnight after Wall Street reacted negatively to Snap's first earnings report as a publicly-traded company. Not to miss out on the trend , Facebook also launched disappearing stories this year. "If Snapchat can continue to introduce things that will surprise and delight consumers, they can attract more users".

Business

General Electric Company (GE) Shares Sold by Pittenger & Anderson Inc

Pittenger & Anderson Inc.'s holdings in General Electric Company were worth $5,783,000 as of its most recent SEC filing. Wells Fargo & Company P/E (price to earnings ) ratio is 13.68 and Forward P/E ratio of 12.08. The current consensus recommendation provided by covering analysts is 2.30. Investors of record on Monday, February 27th were given a dividend of $0.24 per share.

Business

Russian, South Korean presidents hold telephone conversation

The Russian leader congratulated his South Korean counterpart upon his election as the head of state and wished him continued success. The statement says Xi relayed China's opposition to the missile-defense system being installed in South Korea that it says threatens its own security.

Business

Stock Showing Surging Activity: United States Steel Corp. (X)

Vetr lowered United States Steel from a "sell" rating to a "strong sell" rating and set a $32.95 price objective on the stock.in a research note on Thursday, February 16th. Tracking most recent quarter period, Price to book (P/B) ration is at 1.64 and Price to cash per share ration is at 2.70. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%.

Business

What Are Analysts Suggestions On Whiting Petroleum Corp. (WLL)

The stock declined 1.84% or $0.16 reaching $8.53 per share. Sentinel Trust Lba holds 0.1% of its portfolio in Whiting Petroleum Corp (NYSE: WLL ) for 59,130 shares. EPS breaks down the profitability of the company on a single share basis. If you are reading this report on another publication, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright law.

Business

COMAC C-919: China's indigenously developed jetliner takes off

The C919, with over 150 seats and a standard range of 4,075 kilometers, is expected to compete with the updated Airbus 320 and Boeing's new-generation 737, which now dominate the market, the report said. These include engines made by CFM International, a joint venture between General Electric and France's Safran Aircraft Engines. There is still a long way to go down the road to a globally competitive aerospace industry, however.

Business

5 things to know about French president-elect Emmanuel Macron

Welcoming Macron, Chair of United Kingdom based Sikh Federation Amrik Singh said: "We have been in regular contact with Sikhs in France and understand his political position on many issues could result in improvements for the small minority Sikh community in France in terms of religious freedoms".

Business

Oil trades near five-month lows despite Saudi assurances on cuts

Stocks have steadily declined for the last four weeks, but at 527.8 million barrels they are just 7 million barrels off a record high. Professor Alex Kemp, from the University of Aberdeen, said the recent fall in cost for Brent Crude and West Texas Intermediary ( WTI ) was due to "stubbornly high" reserve stocks.

Business

White House Postpones Meeting to Decide on Participation in Paris Climate Pact

But the White House said no decision would be announced until after Trump returns from the G7 summit of leaders from the world's leading economies at the end of May in Sicily. The G-7 meeting is expected to be a prime opportunity for world leaders to push Trump to stay in the historic 2015 pact, in which each of almost 200 countries agreed to their own nonbinding cuts or limits in greenhouse gas emissions.

Business

EIA increases Kazakhstan's oil output forecast

That marked a sharp reversal from the recent trend, which has seen oil prices crash through a number of technical levels to fall as low as $43.76. US light crude oil was $1.28, or 2.8% higher at $47.16 USA a barrel. West Texas Intermediate for June delivery climbed as much as 38 cents to $46.26 a barrel on the New York Mercantile Exchange, and traded at $46.13 at 7:50 a.m.in London.

Business

India is a huge market for anyone to ignore: Warren Buffet

Buffett said. Dave Mueller flew out from Denver, Colorado, for his fourth meeting to hear the 86-year-old Buffett and 93-year-old Munger. On 3G, with which Berkshire controls Kraft Heinz Co and tried to merge it with Unilever NV, Buffett acknowledged a dislike for the cost-cutting for which the Brazilian firm is known.

Business

President Donald Trump: 'What Is Digital?'

No sir. I said, "Ah, how is it working?" The ship set sail for the first time in April. "You [are] going to godd**ned steam; the digital costs hundreds of millions of dollars more money and it's no good". Emphasis mine. What's not immediately clear is whether or not this change is occurring because of the president's suggestion; I called the office of the Assistant Secretary of the U.S.

Business

Macron tells Trump he will defend Paris Agreement

President Donald Trump wants out. The White House postponed a meeting scheduled for Tuesday to discuss whether the United States should pull out of the Paris climate change agreement. The Paris accord calls for limiting the global average temperature increase since the industrial revolution to 2 degrees Celsius (3.6 degrees Fahrenheit) or less - a goal that has been called ambitious.

Business

UK drug firm AstraZeneca makes lung cancer breakthrough

There are now serious doubts about Tecentriq, which is only approved in the USA in bladder cancer on the basis of phase 2 data. AstraZeneca recently received accelerated approval from the United States authorities for Imfinzi in previously treated patients with advanced bladder cancer.

Business

JC Penney set to hit record low as department store woes continue

Gross margin was positively impacted by improved selling margins throughout the quarter, which was partially offset by the continued growth in the Company's online and major appliance businesses. In March, Standard & Poor's Rating Services upgraded the Company's credit rating one notch to B+ and affirmed their positive outlook on the Company.

Business

Kyle Lowry says he's 'doubtful' for Sunday

There are some open ones we passed up and we just have to be comfortable [taking them]". He did a fantastic job throughout the game of drawing out the trap and being more patient on offense. Over the course of an 82-game season, that's a 73 win pace. "That's the makeup of our team". This was the first time in seven postseason games that the Cavs held an opponent under 100 points.

Business

Allergan plc (AGN) Stock Rating Lowered by Goldman Sachs Group Inc

Piper Jaffray Companies set a $205.00 target price on Allergan plc and gave the stock a hold rating in a research note on Wednesday, February 22nd. Deutsche Bank AG lifted their price target on Allergan plc from $262.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, March 28th.

Business

Trump delays decision on Paris climate pact

White House spokesman Sean Spicer said that Mr Trump is continuing to hear from advisers on the pros and cons of the USA remaining in the global accord, but that he will make a decision when he returns from the G7 summit in Italy, not prior to that as originally planned.

Business

Broad-based upswing pushes German economy into higher gear

Fear that trade barriers could spring up with Britain, one of Europe's largest economies and a key trading partner for Germany, meant that Brexit sapped the confidence of businesspeople, investors and consumers alike. The European Commission forecast on Thursday that Germany's economy would grow by 1.6% in 2017-slightly less than 2016 because of fewer working days in the year- and 1.9% in 2018.

Business

Crude posts further gain in Asia after suprise US stocks draw

Crude inventories fell 5.2 million barrels in the week to May 5, the US Energy Information Administration said . Global oil benchmark, Brent crude, recouped some of the losses it recorded in recent days on Wednesday and traded above the $50 per barrel mark.

Business

Arbor Realty Trust, Inc. Announces Public Offering of Common Stock

It has underperformed by 19.23% the S&P500. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. The rating was reinitiated by FBR Capital on Thursday, June 23 with "Outperform". If you can understand the annual reports, credit history, and the core business; it's a good bet. Guggenheim Limited Liability Company reported 10,401 shares stake.

Business

Hot Stock to Watch: Crocs, Inc. (CROX)

Several sell side analysts reviewed their recommendations on Crocs, Inc . Crocs, Inc . (CROX) shares have been seen trading -52.55% off its 52 week- peak value and changed 0.34% from its 52 week-bottom price value. The firm had revenue of $267.90 million for the quarter, compared to analysts' expectations of $258.10 million. During the same period in the previous year, the company posted $0.07 EPS.

Business

USA stocks fall as retail sales disappoint

United States retail sales in April rebounded from two sluggish months - but clothing was one of just a few categories not to see any pickup in spending as shoppers continued to stay away from malls and online competition intensified. And inflation has ticked up, eroding most of that wage gain. On Wednesday Macy's reported sharply lower sales and profits, causing a collapse in its share price.

Business

United flight delayed after scorpion reported aboard

In the end, the passengers departed on another plane and it was not clear whether the scorpion managed to scurry away. United said paramedics at the gate "immediately examined the customer and determined that he had not been stung". United has been under fire since a passenger was violently dragged off an overbooked flight by aviation police in Chicago on April 9. "Another man sitting next to him saw the scorpion before it went under the man's seat".

Business

Weakness in oil prices weighs on TSX futures

Moody's says the downgrade reflects its ongoing concerns that expanding levels of private-sector debt could weaken asset quality in the future. David Madani, senior Canada economist at Capital Economics, said the downgrade comes amid mounting concerns about the housing market and its effect on the economy.


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