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US prepares to ban laptops on flights from Europe

Secretary of Homeland Security John Kelly and "a number of" European ministers was set for the meeting later on Friday". DHS spokesman David Lapan said no announcement was planned for Friday on whether the USA government will expand the ban and that no final decision had been made on expanding the restrictions.

Business

Fed signals gradual rate-hike approach intact despite soft patch

However, the Fed on Wednesday didn't signal any change to its balance sheet policy. USA consumer spending was unchanged in March for a second straight month while a measure of inflation fell for the first time in more than a year, but some economists see the weakness as only temporary.

Business

China's first domestically-designed airliner makes its maiden flight

China is touting the C919 as a rival to single-aisle jets such as the Airbus A320 and Boeing 737. The aircraft maker, state-owned Commercial Aircraft Corp. Federico Marziali, head of quality management of Dornier Seawings GmbH, said he is very impressed by the size of the COMAC C919 project. It will still be a while before you'll get the chance to take a flight aboard a C919 with the plane still needing to undergo various tests and safety checks.

Business

China, US reach agreement on beef, poultry and natural gas

Ross downplayed the impact, pointing to the decline in natural gas prices. The deal is the first sign of progress on the 100-day action plan that Trump and Xi called for during their meeting at Trump's Florida estate in April. Beijing also agreed to issue guidelines by then to allow US -owned card payment services "to begin the licensing process" in a sector where China's UnionPay system has had a near monopoly.

Business

Apple CEO Cook Discloses $1 Billion Advanced Manufacturing Fund

Cook, who met with lawmakers in Washington earlier this year to discuss tax policy and technology issues, said that Apple would have to borrow the cash for its USA manufacturing investment fund and said he was hopeful Trump administration would address the repatriation issue.

Business

Compass Group plc's (CPG) Hold Rating Reiterated at Numis Securities Ltd

Qs Invsts Limited Com, a New York-based fund reported 4 shares. We have $15.74 PT which if reached, will make NASDAQ:ON worth $437.50M more. Among 7 analysts covering Bank of Georgia Holdings PLC ( LON:BGEO ), 5 have Buy rating, 0 Sell and 2 Hold.

Business

Hamas elects Haniya as new chief of Islamic movement

Hamas is branded a terrorist group by Israel , the United States and the European Union, and the new document is aimed in part at easing its global isolation. In June 2007, Hamas fighters took complete control over the Gaza Strip, following a week of clashes between Hamas and Fatah, resulting from the firing of Prime Minister Ismail Haniyeh (Hamas) by PA Chairman Mahmoud Abbas (Fatah).

Business

Moller-Maersk profit up as oil unit improves, shipping lags

Skou took charge of the company a year ago and plans to bulk up its transport business while seeking alliances or a separate listing for its energy operations. Despite the loss, there were several positives for the world's biggest box carrier who reported improving market fundamentals, a 10 percent increase in transported volumes thanks to improved demand and increased market share, while freight rates increased by 4.

Business

DE judge denies Anthem injunction request in fight with rival Cigna

Cigna plans to immediately increase the open market share repurchase activity as a result of the termination of the transaction. " Cigna's repeated willful breaches of the merger agreement and its successful sabotage of the transaction has caused Anthem to suffer massive damages", Anthem said in a statement.

Business

Wells Fargo management expected to woo shareholders with new cost cuts

Overall, Wells Fargo expects net interest income to grow in the low-to-mid single percentage points this year, which some analysts characterized as disappointing, as were executives' assertions that Wells will not hit its cost efficiency ratio this year.

Business

Microsoft to Rival Chromebooks Soon - Hardware Changes Coming

While the Surface range struggled to get everyone to agree, Microsoft launched the Surface Laptop, a laptop that wants to make you zap the MacBook Air . The base model of the Surface Laptop is powered by the latest Intel Core i5 processor, 4 GB of RAM, and 128 GB SSD storage while users can opt for an Intel Core i7 processor and different memory and storage configurations.

Business

ITV sees ad revenue down by as much as 20pc in June

In a trading update released ahead of the company's AGM on Wednesday, outgoing chief executive Adam Crozier said the advertising market is "very much as we anticipated". The group reiterated its forecast for the full year. ITV Chairman, Peter Bazalgette, will take on the role of Executive Chairman during that time.

Business

SoftBank annual profit up 13 per cent on better performance by Sprint

It added that Son told reporters he believes a merger is "critical" for both companies if they want to become more competitive in the USA mobile landscape, which is now dominated by Verizon Communications Inc. Two and a half years ago, SoftBank abandoned talks to acquire rival T-Mobile US Inc TMUS.O for Sprint amid opposition from USA antitrust regulators but a potential merger is still close to Son's heart.

Business

ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) recently sold by insider Moore Terrence O

Needham & Company LLC reiterated a "buy" rating and set a $49.00 price objective on shares of ACADIA Pharmaceuticals in a research report on Wednesday , April 5th. Zacks Investment Research raised ACADIA Pharmaceuticals from a "sell" rating to a "hold" rating in a report on Friday, April 14th. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark laws.

Business

Trump, Putin to meet in July, Russian state media says

Lavrov. "We had an official photographer in the room, as did they", spokeswoman Sarah Huckabee Sanders said Thursday. Trump's abrupt decision to fire Comey earlier this week has come under criticism, particularly from Democrats who question why the president removed him in the middle of an FBI investigation into Trump associates' contacts with Russian Federation.

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.


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