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Macron fully supports Paris Olympic bid in talk with Bach

L.A. organizers weren't so much making the case that their bid is worthy of the Games - a consensus is clear that both bids are - but that it deserves to have the 2024 Olympics it is bidding for. Baumann said his group spent a lot of of time at the UCLA and USC university campuses, proposed for the Olympic Village and Media Village respectively, because they are key to LA's project and "radical reuse" strategy.

Business

Acting FBI director says will carry on with Russian probe

If things change, Trump might find his own words from his interview with Lester Holt used against him in articles of impeachment. Comey was so careful, for example, to avoid the appearance of impropriety that during the Obama years, the 6-feet-8-inch Comey was sure to never play basketball with the then-president.

Business

Burberry Group plc (BRBY) Stock Rating Upgraded by Credit Suisse Group AG

In a research report sent to investors on Friday morning, Jefferies restate their Hold rating on shares of AZN. Kepler Cheuvreux have a GBX 1560.00 target price per share on the stock. The company has market cap of 26.18 billion GBP. The Firm operates in various categories, including spirits and beer. It has a 11.75 P/E ratio. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

Business

Company tax cut cost reaches $65.4bn over 10 years

By the time the federal Treasurer's speech was over, the banks faced a super tax, two powerful new regulatory bodies, fines of up to $200 million for breaching tough new misconduct rules and a beefed-up competition watchdog. However, Ms Bligh said telling banks to absorb the tax was code for eating into profits which would otherwise go to shareholders. Despite its assurance of "close monitoring" of bank behaviour, the government will have trouble controlling their actions under their current ...

Business

Markets Right Now: Stocks end mostly lower on Wall Street

However, that news did not seem to faze investors too much as many still expect the United States government to implement its tax reform agenda at some point. NOSEDIVE: Nordstrom plunged $4.81, or 10.4 percent, to $41.40, the biggest loss in the S&P 500 , after a key sales figure weakened last month by more than analysts expected.

Business

No announcement Friday on laptop ban expansion

Europe has warned the US that imposing a laptop ban on transatlantic flights could pose a risk to safety. It said the ban had a direct impact on demand for air travel into the US and it faced rising costs from introducing complimentary laptop loans to some passengers.

Business

'Dangal' becomes highest grossing Indian film in China

The movie collected massive $5.81 million (37.27 crores) on the 8th day. No wonder that the film has made such big money at the box office. Talking about the worldwide collection, the movie has grossed 950 crores mark. It is the first Bollywood movies to gross 900 crores worldwide. Aamir Khan Aamir Khan is well known to China by his movies and PK stood as the most loved Indian movie in China by collecting more than 100 crores .

Business

Trump launches commission to probe alleged voter fraud

Maine Secretary of State Matthew Dunlap said he wasn't looking to take on more work when his counterpart in Kansas, Kris Kobach , contacted him earlier this year to ask if he'd be interested in working with the vice president's office on an examination of USA voter systems.

Business

Suspended AAP Leader Kapil Mishra, Who Accused Arvind Kejriwal of Corruption, Attacked

The two allegedly had a brief argument, following which he repeatedly slapped Mishra, police said.While Mishra's team claimed that the attacker was a member of the AAP, the party has denied his involvement with the ruling party. Karawal Nagar MLA who got suspended from AAP threatened to start a hunger strike from tomorrow if the details of foreign visits are not made public.

Business

Jones not worried about England's group of death

England head coach Eddie Jones said: " It's all very exciting , we've got two Tests against Argentina in June so we can practice a little bit". If they win the pool, Australia would face the second place team from England, France and Argentina's pool in the quarter-finals, but coach Michael Cheika said figuring out the possible permutations was not that important.

Business

China's Belt and Road investments since 2013 total $60 billion - state planner

The Belt and Road Forum for International Cooperation has an emphasis on mutual discussion, mutual construction and mutual sharing. A part of the "Silk Road Economic Belt and the 21st Century Maritime Silk Road" initiative launched by President Xi Jinping in 2013, the Belt and Road Forum (BRF) is being attended by 27 other heads of states or governments.

Business

GBP: BoE Remains 'Overly Optimistic'; On Hold This Year And Next - SEB

Monetary policy committee (MPC) members voted 7-1 to hold rates at a record low of 0.25%, in a widely expected move. Minutes of the rates meeting showed seven MPC members voted to keep rates unchanged, while outgoing policymaker Kristin Forbes remained the sole dissenter, repeating her call for a rise to 0.5% on worries over rising inflation.

Business

China complains to US over Pelosi visit to Dalai Lama

Chinese government weighs heavily on any country or corporation or person who speaks out for the Tibetan people. I am more hopeful than ever that we will meet the challenges that face us. The Dalai Lama was forced to flee Tibet and has been living in India after an unsuccessful uprising in 1959. "We call upon the Chinese government to respect the human rights of the Tibetans, and to release all Tibetan prisoners of conscience, including the 11th Panchen Lama, who is one of the world's ...

Business

Helmet Cam Captures Crazy Footage of Bear Chasing Mountain Bikers

Vinžík, who shot the video, shouts to the man ahead, who has no idea the large animal is on his tail. Not only does it appear to be totally real, but the bear is clearly unhappy with the bikers and gets way to close for comfort. According to a media report , two cyclists in Slovakia had the most unexpected visitor while they were cycling and they raced to save their lives.

Business

China to import US Beef for first time since 2003

The United States also signaled that it was eager to export more LNG (liquefied natural gas), saying China could negotiate any type of contract, including long-term contracts, with U.S. Nebraska Gov. Pete Ricketts, a Republican, welcomed the trade announcement. "You watch and you'll see". "Companies from China may proceed at any time to negotiate all types of contractual arrangement with U.S.

Business

1.2M Ram trucks recalled for possible airbag, seat belt failures

Ram manufacturer Fiat Chrysler Automobiles said it is aware of one fatality, two injuries and two accidents that may be related. The company's US division said Friday that it is aware of one death, two injuries and two accidents that may be related to the problem .

Business

Fiat Chrysler recalling 1.25 million trucks for software error

Early this morning, Fiat Chrysler Automobiles issued a recall of more than 1.25 million Ram pickup trucks produced between 2013 and 2016. If the light is gone, the vehicle is working correctly, the automaker said. The United States on January 12, 2017 charged Fiat Chrysler with using software on its trucks to evade emissions standards on about 104,000 vehicles, an accusation the company immediately denied.

Business

Zynga Inc (ZNGA) Announces Earnings Results, Meets Expectations

Zacks Investment Research upgraded Zynga from a hold rating to a buy rating and set a $3.25 price target on the stock in a research note on Thursday, April 13th. Four analysts have made estimates for Zynga's earnings. The stock was sold at an average price of $2.73, for a total transaction of $457,111.20. The Kroger Co.

Business

China trade agreement impacts meats, natural gas

This is a shift from past administrations, which had signaled they may block Chinese interests from buying USA advanced technology companies through the Committee on Foreign Investment in the US, or CFIUS, which reviews the national security implications of foreign investments.

Business

Broker Changes For Shell Midstream Partners, LP (NYSE:SHLX)

Antero Midstream Partners Lp now has $6.30 billion valuation. The stock declined 1.46% or $1.1 reaching $74 on the news. The total volume of shares traded was 70535 which puts the relative volume at 0.49 for the day. The rating was upgraded by Stifel Nicolaus on Tuesday, December 6 to "Buy". 04/20/2015 - Dominion Midstream Partners, LP had its "overweight" rating reiterated by analysts at JP Morgan.

Business

Most CT insurers propose double-digit rate hikes

The increase, according to Anthem , is due to a 13.4 percent increase in the cost of medical care and the increased demand for medical services. Minimum increases ranged from 9 to 53 percent, with maximum rate increases ranging 36 to 90 percent.

Business

Historically Black University Cancels Sen. John Cornyn's Speech After Outcry

Texas Southern University in Houston had scheduled Cornyn to be the keynote speaker for commencement Saturday morning. While never particularly in Trump's thrall, Cornyn has been a loyal partisan since Trump entered the White House. There's one school HBCU that didn't want to follow in the footsteps of Bethune-Cookman University, by having a republican give the class of 2017 commencement speech.

Business

Trump Lawyers Say Tax Documents Show No Income, Debt Links to Russian Federation

President Donald Trump's tax returns show no "income of any type from Russian sources", according to a report Friday from the Associated Press based on a letter from a Trump lawyer. The assessment comes amid a mushrooming crisis for the Trump team as questions swirl over why the president fired his FBI director, who was overseeing an investigation into Russian election meddling and possible connections between Trump campaign associates and Russia a year ago.

Business

China Tests Ballistic Missile To Counter THAAD Deployment in S.Korea

The test's "rare high-profile announcement" came a month after Chinese Defense Ministry spokesman Yang Yujun announced that Beijing would be testing new weapons and conducting live-fire drills as a security measure in response to the THAAD deployment.

Business

Warren Buffett says coal won't make a comeback

Buffett admitted he was wrong to think International Business Machines Corp "would do better" six years ago, when he started amassing an 81 million share stake. Buffett also called rising medical costs the " tapeworm of American economic competitiveness ", claiming it has been health care expenses, as opposed to high corporate taxes, that are holding companies back.

Business

Snap Loses $6B in Market Value Despite CEO Spiegel's Confidence in Future

That's almost a decade younger than the average age of retail clients trading Snap that day, TD said. They issued a "reduce" rating and a $16.00 price target on the stock. It's not unusual for tech startups to post many years of losses as they build market share and recoup their initial investments. ILLEGAL ACTIVITY NOTICE: This story was first posted by Markets Daily and is owned by of Markets Daily.

Business

South Korea to attend China's Silk Road summit amid diplomatic rift

The top priority for the first talks between Trump and Moon should be to identify common goals and strategies on the North and lay out a shared negotiating plan that ensures one country does not get out ahead of another, they said. South Korean officials called the claim "groundless". "This heinous crime, which was recently uncovered and smashed in the Democratic People's Republic of Korea is a kind of terrorism against not only the DPRK but the justice and conscious of humankind and an ...

Business

With China deal, U.S. poised for new LNG boom

The announcement was part of the statement on the initial results if 100-Day Action Plan of the US-China Comprehensive Economic Dialogue released by the commerce department. Developers will now be able to target Chinese buyers directly, potentially supporting project financing. China and the USA will also invest jointly in the development of infrastructure that will be needed for the processing of the gas.

Business

India's Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart

A non-binding term sheet means that at the end of the due diligence, Snapdeal Board as well as Flipkart can walk away from the deal without any obligations. Snapdeal was valued at Dollars 6.5 Bn during its USD 200 Mn funding round in February 2016 led by Ontario Teachers' Pension Plan, Iron Pillar, Brother Fortune Apparel and Bennett Coleman & Co.

Business

How will the new bank tax affect consumers?

The banks have already started to fight back, warning that borrowers and shareholders could be forced to pay the cost of the tax, which could be passed on to customers. "That is not a fair tax policy", Mr Morrison told reporters on Saturday. It is taking a swipe at the banks as part of a package of limited measures created to head off the banks' real nightmare - the prospect of a comprehensive royal commission into the financial sector, which would expose the full extent of their rip-offs of ...

Business

Snapchat Debuts New Disappearing Stock Price

Since then, it has been "look out below" for stockholders. In after-hours trading, however, its shares dropped more than 25 percent, reaching a low of $17.18. With its first earnings results, Snapchat risks suffering the same fate as its social media rivals. Additionally, clicking on the "looping" icon allows a video to play in a continuous loop.

Business

Treasury targets big banks with $6B levy

The bank boss said he believed putting a tax on banks would play well in the opinion polls for the federal government but voters had to ask if that was how they wanted economic policy to be determined. Mr Morrison warned the banks not to put up fees to cope with this new tax during an address at the National Press Club in Canberra on Wednesday. "In so far that banks were able to hold their dividends prior to this I don't think that is going to be the straw that breaks the camel's back ...

Business

Most Recent Analysts Ratings Arbor Realty Trust Inc. (ABR)

It has outperformed by 61.31% the S&P500. Alliancebernstein Lp increased Education Rlty Tr Inc (EDR) stake by 24.86% reported in 2016Q4 SEC filing. The United Kingdom-based Findlay Park Partners Llp has invested 2.68% in the stock. Tensile Capital Management Llc sold 302,000 shares as Ptc Inc (PTC)'s stock rose 2.57%. $781,027 worth of Graco Inc. (NYSE:EDR) on Thursday, February 23.

Business

Trump Team Hails US-China Trade Deal As 'Herculean Accomplishment'

In financial services, China said it would begin allowing wholly foreign-owned financial groups to offer credit rating services in China by July 16. Much of the change in tone has come about as Mr Trump has sought China's help in trying to rein in its ally in North Korea as the regime in Pyongyang continues to develop long-range missiles and threaten new nuclear tests.

Business

Airline industry, Homeland Security officials discuss expanding laptop ban

European Commission spokeswoman Anna-Kaisa Itkonen said DHS Secretary John Kelly and "a number" of European ministers were scheduled to hold the talks late Friday. In the United States may prohibit the transportation of electronics in the cabin from Europe. It said the ban had a direct impact on demand for air travel into the US and it faced rising costs from introducing complimentary laptop loans to some passengers.


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