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S&P 500, Nasdaq rally to record high close on robust jobs data

By mid-afternoon, the Nasdaq Composite was up 1.1%, the Dow gained 0.9% and the S&P 500 added 0.8%. The Bank of England lowered its key lending rate to 0.25% from 0.5% and said it would take "whatever action is necessary" to achieve stability in the wake of Britain's vote to leave the European Union.

Business

Dollar edges down, kiwi firm despite rate cut expectations

The euro bought 113.29 yen and US$1.1104 against 112.89 yen and US$1.1096. Market indications of volatility, however, have dropped back sharply in the past week to close to their lowest this year, suggesting trading has moved firmly into a summer lull.

Business

United States marches on, meets Venezuela

The Americans led 35-9 after the first quarter and by 43 at the half. Miroslav Raduljica added 18 points on 7-for-8 shooting for Serbia, part of an global basketball power in the old Yugoslavia but absent from the Olympics since 2004, when it competed as Serbia and Montenegro.

Business

Rio Olympics open with fanfare, environmental call

The network was blasted for its delayed, five-hour presentation of the opening ceremony of the Rio Olympics Friday night, a decision that it said was made, in part, to appease female viewers. Rio de Janeiro . - A bullet has been fired at a press conference room at the equestrian centre at the Rio Olympics, landing inside the building, a New Zealand Olympic Committee spokesperson says.

Business

Union Bank net profit down 68% in Q1

Similar movement was seen on the NSE, where the stock opened at Rs 59.25, then fell 6.11 per cent to a low of Rs 57.60 in late afternoon trade. Net NPAs also more than doubled to Rs.8,147.41 crore as against Rs.3,650.22 crore in the year-ago period.

Business

Oil prices higher after entering bear market

West Texas Intermediate for September delivery was at $40.82 a barrel on the New York Mercantile Exchange, 1 cent lower than Wednesday's close, at 1:21 p.m. Traders and analysts often watch this data for signs of what to expect from the USA government's official figures released a day later. Cushing, the main delivery point for NYMEX oil, is the largest crude storage facility in the U.S.

Business

Bronze medal in women's 3m synchro

A stutter and fall off the springboard cost her a medal at the 2015 world titles, the video becoming a YouTube hit. "I've had lots of problems in the past but I think that I have grown a lot as a diver over the last couple of years and months", said Keeney, who was making her Olympic debut in Rio.

Business

Delta Flights Grounded Due To System Outage

Delta , the world's second largest airline, said the problem is a power outage at its Atlanta hub, starting at about 2:30 a.m. ET. The airline said a power outage was responsible for knocking out its computer systems, affecting its operations worldwide.

Business

Delta Air Lines flights grounded worldwide after major IT meltdown

The computer problems were apparently caused by a power problem, according to a statement from the Atlanta-based carrier. Delta Air Lines cancelled about 300 flights Monday morning because of a global computer system outage. "They're instructed to check everyone in and wish us luck. I'm surprised all flights are grounded", said passenger Robert Bennett. The Lee High School graduate, who was on leave for his mother's birthday last week, returned to the airport at around 9 a.m.to see ...

Business

Separating Donald Trump From Trumpism

Trump repeated his positions on the following: asking TransCanada to renew its Keystone pipeline permit application, rescinding the Climate Action Plan and "waters of the U.S." rule; opening offshore drilling; and killing the Paris climate agreement.

Business

Erdogan accuses West of double standards and prejudice against Turkey

JULY 20: Erdogan returns to Ankara for the first time since the attempted coup, and shortly before midnight declares a three-month state of emergency. The Turkish government is demanding Gulen's extradition from the U.S. Washington has said it would need evidence of the cleric's involvement, and says the extradition process must be allowed to take its course.

Business

After PM, RSS asks people to expose cow vigilantes

The Indian Express report by Milind Ghatwai published on Monday further quoted Mahamandleshwar Swami Akhileshwaranand Giri, who is the chairman of the executive council of the Madhya Pradesh Gaupalan Evam Pashudhan Samvardhan Board saying, "The cow has always been a source of contention".

Business

Airbus Beats Boeing in Air-Show Deals

GoAir, among eight budget airlines operating in India , is one of only three carriers worldwide that have begun using the Neo upgrade of the A320, so that a follow-on order would provide a vote of confidence in a model dogged by issues with its Pratt & Whitney turbines since a year ago.

Business

Delayed Delta passengers make most of day at RDU

As of 1:30 p.m. EDT, it was operating about 1,679 of its almost 6,000 scheduled flights. Operation resumed just before 10 a.m. but huge backups remained for travelers. And after years of rapid consolidation in the airline business, these computer systems may be a hodgepodge of parts of varying ages and from different merger partners.

Business

Facebook research: 'Dog people have more friends'

There were some pretty strong pop culture differences as well between the two animal camps: cat people preferred books like Dracula , Watchmen and Alice in Wonderland , while dog people enjoyed books like The Purpose Driven Life , The Shack , and, of course, Marley & Me.

Business

UK consumer spending picks up in July, bucking signs of slowdown -Visa

Visa's managing director for Britain and Ireland, Kevin Jenkins, said the data of last month reveals consumer spending in United Kingdom is holding up even though the Brexit is uncertain and growth is at lower levels. People also spent more on recreation and cultural activities, like trips to the cinema or the museum, with spending in the category rising by more than 5 per cent.

Business

Opposition in Rajya Sabha demands start of political process in Kashmir

Citing social media comments on Modi not making any statement on the Kashmir unrest, he said people are eager to listen to his views on the situation. Union Home Minister Rajnath Singh with Governor of J&K N N Vohra and Chief Minister Mehbooba Mufti. "But, at the same time", he added, "the government should initiate a political process".

Business

Raghuram Rajan Calls on Jaitley Ahead of Monetary Policy

BofA-ML, however, is certainly optimistic and expects Rajan to deliver another rate cut to end his tenure. State Bank of India Chairman Arundhati Bhattacharya observed that vegetable prices had actually increased the inflation (CPI number).

Business

Crude oil briefly dips below $40 United States on supply glut

A weaker greenback also prompted buying in dollar-priced oil, which becomes cheaper to holders of other currencies when the dollar falls. Standard Chartered bank said there was "no fundamental justification for recent oil-price falls" and "the global oil market has rebalanced, and USA crude supply and inventories are expected to fall".

Business

Iran hangs nuclear scientist on espionage charges

When Amiri returned to Iran in 2010, he was treated as a hero, with the Iranian government even claiming he had been feeding the U.S. false information. It is unclear what would have prompted Iranian authorities to execute Amiri, years after his first disappearance. He also said Israeli agents were present at his interrogations and that that Central Intelligence Agency officers offered him $50 million to remain in America.

Business

Donald Trump promises lower taxes, fewer regulations

The Detroit speech was Trump's first on the economy since announcing a 13-man team of economic advisers last week. However, Trump added that many Americans will not pay any taxes, saying that "for many American workers, their tax rate will be zero".

Business

Tesla Motors agrees to buy SolarCity for $2.6bn

Tesla believes the combination would accelerate Tesla's transition from electric-vehicle automaker into an innovated energy products company. In addition to the luxury electric vehicles it has become known for, Tesla also manufactures a home energy storage system created to complement renewable power generators such as solar cells.

Business

Twilio's Revenue Jumps on More Customer Accounts

That helped Twilio's total revenue soar to $US64.51 million ($84.26 million) from $US37.95 million a year earlier and easily beat analysts average estimate of $US58.22 million, according to Thomson Reuters I/B/E/S. During a slow market for initial public offerings in general and technology IPOs in particular, Twilio's strong debut in June was hailed as a sign of hope.

Business

Muslim Couple Forced to Leave Flight for 'Sweating', Saying 'Allah'

The Ali couple's experience with USA carrier Delta is just one of many incidents where airlines eject passengers for " threatening " flight crew members because they "appear Muslim". "He said to us, 'You did nothing wrong". You can't do this to us.' " Nadia Ali said. The pair, Niala Mohammad, a journalist for Voice of America and her friend, who did not want to be named, but works for the USA government, were kicked-off the flight because an air steward said he had been uncomfortable ...

Business

May considers giving fracking funds direct to residents

In a consultation published on Monday outlining how the shale wealth fund should be run, the government said payments to individual communities, where residents could decide what to do with the money, should not exceed 10 million pounds over the 25-year lifespan of the fund.

Business

Tesla Misses Estimates (By A Mile) But Affirms Delivery Targets

But no firm timetable was provided then. The company's losses ballooned to $150 million in the quarter ending in June, more than twice what Wall Street had expected. While we continue to see risk to the future prospects painted by the bulls, we don't see anything in this result that otherwise changes this outlook, as bulls can still walk away feeling confident in the long-term outlook.

Business

The Key Numbers To Watch From Brandywine Realty Trust (NYSE:BDN)'s Earnings

During the same period in the previous year, the firm posted $0.39 earnings per share. Note the stock price at publication ($21.43), since the technical rating is based on intraday stock prices. Brandywine Realty Trust is up 8.92% in the last 3-month period. Zacks Investment Research cut shares of Piedmont Office Realty Trust from a "buy" rating to a "hold" rating in a report on Wednesday, July 13th.

Business

White House condemns terrorist attack in Pakistan

The claim, however, could not be independently verified. Mr Kasi had strongly condemned the attacks and local media said he had announced a two-day boycott of court sessions in protest at the killing of a colleague last week. "Television footage showed scores of lawyers running for cover as gunfire echoed in the background". "The people, policy and security forces in Balochistan have given sacrifices for the country".

Business

Donald Trump says 'dishonest' media distorted his 'baby joke'

As it happens, Daniel Dale, a reporter from the Toronto Star , was sitting right behind her and wrote that the entire incident was mischaracterized. "This was a handsome baby and a lovely mother". This prompted a gusher of headlines about how Trump had "booted" a baby from his rally, fueling the media and pundits' narrative that Trump was having a rocky post-convention week replete with missteps.

Business

Valeant endures year from hell as it prepares to report quarterly results

Ackermann spent the last 14 years in various legal roles at Novartis AG. Valeant on Monday named Scott Hirsch as senior vice president, business strategy and communications. Other Hedge Funds, Including, Evercore Wealth Management reduced its stake in VRX by selling 1,115 shares or 78.8% in the most recent quarter. The Manitowoc Company, Inc.

Business

Real GDP Growth Disappointed in the Second Quarter

House Ways and Means Committee Chairman Kevin Brady (R-Texas) referenced OMB's projection in a statement today about the second-quarter figures . The average growth for these three years now stands at 2.2 percent . The fourth quarter of 2015 was also subpar, with GDP expanding just 0.9 percent. Personal saving was $763.1 billion in the second quarter, versus $847.8 billion in the first quarter (and the personal saving rate as a percentage of disposable personal income) was 5.5% in the ...

Business

US stock indexes veer lower in afternoon trading; oil up

DASHED EXPECTATIONS: Allergan slid 3 percent after the Botox-maker's second-quarter revenue fell short of Wall Street's forecasts. Benchmark U.S. crude rose $1.22, or 2.9 per cent, to close at $43.02 per barrel in NY. Hong Kong's Hang Seng gained 1.6%, while the Shanghai Composite Index rose 0.9%. The Standard & Poor's 500 fell 2 points, or 0.1 percent, to 2,181.

Business

What's Next for the Yahoo Stock Price After $4.8 Billion Verizon Acquisition

With AOL and Yahoo , Verizon would still be far behind internet juggernauts Google and Facebook (FB.O). Yahoo's stake in e-commerce giant Alibaba is worth between $25 billion and $31 billion. Yahoo buys Broadcast.com for $5.7 billion, giving it key technology to stream audio over the Internet . "Mayer put her resources in some of the wrong places, spent a lot of money, and didn't have a lot to show for it", says Jan Dawson, an analyst with Jackdaw Research.

Business

New Law Will Increase Bay State's Reliance on Renewable Energy

The report also highlighted major opportunities to develop renewable energy in deeper waters around the United Kingdom, using innovative technologies like offshore wind floating turbines to harness strong winds further offshore. This opportunity has been highlighted in a number of other studies, including by the Energy Technologies Institute, which found that encouraging floating wind is a "key strategic issue for the UK".

Business

Syrian government delivers supplies to Aleppo via alternative route - monitors

The semi-official Iranian Fars News Agency said the Lebanese militant group Hezbollah had deployed fighters from its Radwan division to a government-held neighborhood in Aleppo. A western Aleppo resident said supplies had arrived. The rebel group that has led the offensive is Jabhat Fateh al-Sham, formerly known as the al-Qaeda affiliated Nusra Front.


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