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Cisco Earnings Preview: Recurring Revenue Will Be the Star of the Show

Analysts predict that Cisco Systems, Inc . This is an increase from Cisco Systems's previous quarterly dividend of $0.26. Pennsylvania Trust Co now owns 134,837 shares of the network equipment provider's stock valued at $4,277,000 after buying an additional 3,715 shares during the period.

Business

Toshiba Reports Massive Loss for Year over Westinghouse Woes

Western Digital has no basis for stopping the procedure. Tokyo-based Toshiba Corp, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, however, failed to win auditors' approval for its financial results for the previous quarter, after questions were raised over the acquisition of United States nuclear construction company CB&I Stone and Webster.

Business

Trump revealed intelligence secrets to Russians in Oval Office meeting

He said Secretary of State Rex Tillerson and Dina Powell, deputy national security adviser for strategy, remember the meeting the same way. But what the Post reported - confirmed by The New York Times , Reuters , CNN , and BuzzFeed , one of whose sources said Trump's disclosure is "far worse than what has already been reported" - is that Trump "jeopardized a critical source of intelligence on the Islamic State" by disclosing details Russian Federation "could use that detail to help ...

Business

Wenger: "It was a very convincing win"

Aaron Ramsey of Arsenal brraks past Manolo Gabbiadini of Southampton during the Premier League match between Southampton and Arsenal at St Mary's Stadium on May 10, 2017 in Southampton , England. Arsenal and Stoke are separated by 150 miles yet the teams have developed an unlikely rivalry with Wenger the target of vicious abuse from Stoke supporters.

Business

Special delivery: Man orders pizza from stranded Amtrak train

A pizza deliveryman became an instant hero to riders trapped on an Amtrak train in DE - going above and beyond the call of duty to dish pies to famished passengers. "I do whatever it takes", he was quoted as saying. The delivery guy's customer happened to be sitting on an Amtrak train. Amtrak's website said the train was more than three hours delayed.

Business

Diesel emissions contribute to thousands of early deaths

He noted that the testing conditions are well known to auto manufacturers before the day of the test, and manufacturers will even go so far as to hire drivers who can "drive" the vehicle most efficiently while it's hooked up to lab equipment to produce the lowest emissions possible.

Business

Disappointed With UBS Loss, Singapore's GIC Fund Slashes Stake

UBS is managing the sale, the Zurich-based bank said in an earlier statement. GIC had bought into Switzerland's biggest bank early in the financial crisis, purchasing bonds that converted into stock when UBS needed capital to cover losses on subprime mortgage bonds.

Business

US spat erupts ahead of Trump visit to region

An official in Netanyahu's office expressed "astonishment" over the comment. Israel has long pressed nations to move their embassies to Jerusalem ; Palestinians, and much of the global community, view east Jerusalem as the capital of a future Palestinian state.

Business

Tamil Nadu transport unions began a state-wide strike

Vijayabaskar appealed to the members of transport unions to call of their strike."We have already participated in five rounds of talks and have appealed to the members who had called for the strike to get back to work". Police protection is being provided to buses plying on the roads, the minister said. The government had engaged in retired bus drivers and conductors, and efforts were being made to run as many buses as possible.

Business

Tillerson: We 'cannot reset' relations with Russia

U.S. -Russian relations, now at their worst since the Cold War, will not reset "with a clean slate", Secretary of State Rex Tillerson told NBC on Sunday. However, "whether we can improve it or not remains to be seen", he added. Tillerson said the United States and Russian Federation have numerous major issues to consider, but said he has no question in his own mind that Russian Federation interfered.

Business

Oil producers' talk of longer cuts spurs optimism

United States crude oil prices rose ~4.2% in the week ending May 12, 2017, due to the expectation of an extension of major producers' production cut deal beyond 2017. Meeting on the sidelines of China's One Belt One Road conference in Beijing, energy ministers from the two countries said supply cuts should be prolonged for a further nine months, ie, until March 2018, from June 2017 as originally scheduled, to rein in a global glut that is preventing prices from firming up.

Business

North Korea threat requires "new and creative" moves: Bishop

But he told the sailors, "as all of you know, readiness is the key". Japanese Prime Minister Shinzo Abe and U.S. Vice President Mike Pence affirmed Tuesday in Tokyo that they will urge China to play a greater role in preventing further provocation by North Korea.

Business

SUPER THURSDAY: What to expect from the Bank of England later today

Bank of England governor Mark Carney has warned the Brexit squeeze on United Kingdom households has begun as inflation pushes up prices and outstrips wage growth. The Bank has also revised down its productivity growth forecast for 2017 to a disappointing 0.75 per cent, from 1.75 per cent previously. "This is going to be a more challenging time for households", Carney said at a press conference in London on Thursday.

Business

Oil price tumbles on fears of oversupply

West Texas crude lost 4.9% to $45.48. Oil prices stabilized in Asian trading Friday after hitting a five-month low while regiona. "While the cartel is expected to extend a self-imposed production cap by another six months, it will be a challenge to convince several non-OPEC members to follow suit", said Abhishek Kumar, Senior Energy Analyst at Interfax Energy's Global Gas Analytics, "Persistent growth in United States oil production.

Business

JC Penney Company Inc (JCP) Releases FY18 Earnings Guidance

A number of analysts have issued reports on JCP shares. Susquehanna Bancshares Inc restated a positive rating on shares of J C Penney Company in a research note on Tuesday, February 28th. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2017/05/15/j-c-penney-company-inc-jcp-releases-fy18-earnings-guidance.html.

Business

Tesla, Inc. (NASDAQ:TSLA) Holding Above The Trend Line

This change led market cap to move at $55.84B, putting the price -1.39% below the 52-week high and 81.32% above the 52-week low. Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future.

Business

Republican health bill devastating for entrepreneurs

Under the Affordable Care Act, insurance companies were required to cover pre-existing conditions and to keep the cost of coverage the same for everyone, whether or not they had a medical condition that began before coverage did. Instead of throwing tens of millions of people off health insurance , we must guarantee health care as a right to all. The caucus said in part: "We urge you to drop the current partisan effort to repeal and replace health care reform through reconciliation.

Business

Liberty Global plc - Class A (LILA) Getting Positive Media Coverage, Report Finds

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Liberty Global plc the EPS stands at 2.45 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.03, suggesting the stock exceeded the analysts' expectations.

Business

Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !

Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Business

Katy Perry announces album release date, North American tour

All in time for Glastonbury next month, too. Katy Perry will be making 'em go "aah, aah, aah" at Quicken Loans Arena on December 10. There are too many to type out tbh. Citi is the official US credit card of WITNESS: The Tour . Tickets start at $35.75 and go on sale at 10 a.m. Saturday. For pre-sale details, visit citiprivatepass.com.

Business

US Lawmaker Calls for Trump's Impeachment Over 'Obstruction' of Russian Probe

Rep. Al GreenAl GreenDem rep calls for impeachment of Trump House Dems ask Fed to consider diverse candidates to fill Richmond vacancy GOP makes case for firing consumer bureau chief MORE (D-Texas) on Monday called for the impeachment of President Trump after the firing of FBI Director James Comey .

Business

200000 cyberattack victims in 150-plus states: Europol

Europol said a special task force at its European Cybercrime Centre was "specially created to assist in such investigations and will play an important role in supporting the investigation". Russia has been one of the worst affected countries by the attack, with WannaCry crashing systems at Russian banks, phone networks and IT systems supporting transport infrastructure.

Business

Delta kiosk checks your face before you check your bag

Delta also noted in the release that it would be collecting customer feedback during the trial run of the machines, in order to make sure they improve the experience for travelers, the release said. And as more people become more comfortable (or at least tolerant) with the idea that privacy doesn't carry much weight at USA airports, the use of these types of scanning processes is likely to grow more frequent.

Business

Bank warns of 'moderate' growth as it keeps interest rates at 0.25%

Since February, Carney and his deputy Ben Broadbent have both highlighted the fact that the BoE's forecasts are based on a gradual increase in interest rates over the next few years - something that is not yet reflected in financial markets.

Business

Clark, Horgan, Weaver all say they're willing to work with other parties

She says she has worked with Green Party leader Andrew Weaver in the past and called him a "smart, thoughtful and reasonable guy". "Whether it's a majority or minority government that I lead, we are going to work hard with other parties ...

Business

Delta 'sorry' for booting family off a plane over seating mix-up

The 8-minute video was viewed almost 4 million times in the two days since it was posted. " Delta's goal is to always work with customers in an attempt to find solutions to their travel issues", the statement adds. After yet another viral video has surfaced of people being kicked off an overbooked plane. "It's a federal offense if you don't abide by it", she said.

Business

Asian shares gain, shrug off cyberattack, NK missile launch

Outside militaries and experts will closely analyze what the North fired. In the aftermath of the latest North Korean missile launch , meanwhile, American, European and Japanese military units gathered for war games in a group of remote US islands in the Pacific Ocean.

Business

Trump says he's 'looking at' breaking up big banks

Mr Trump also said he's open to increasing the USA petrol tax to fund infrastructure development, in a further sign that policies unpopular with the Republican establishment are under consideration in the White House . However, numerous big institutions at the center of the crisis were not banking behemoths but rather investment banks or, in the case of American International Group, an insurer.

Business

Trump adds trips to Saudi Arabia, Israel, Vatican before North Atlantic Treaty Organisation, G7 summits

Recent media reports suggested that Trump may have been snubbing the pope but there was also speculation the president sought to delay his first audience with the pontiff because he has not yet appointed a US ambassador to the Holy See to accompany him.

Business

Belt and Road needs to reject protectionism: Xi Jinping

These outcomes will lend strong support to the building of the Belt and Road, and serve to boost confidence from all parties to advance cooperation, he said. Closer economic integration "should change the very political and economic landscape of the continent, bringing Eurasia stability, prosperity", said Putin.

Business

United Kingdom spending money to strengthen cyber security of health system - Fallon

There have been calls for an inquiry into the circumstances surrounding Friday's major incident (May 12), with the Government and NHS chiefs facing questions over their preparedness and the robustness of vital systems. Jim Killock, the group's executive director, said: "US and United Kingdom security agencies kept a widespread vulnerability secret rather than telling the companies so they could fix it".

Business

Australia budget 2017: Treasurer implores banks to absorb tax

The government estimated the deficit for the current fiscal year ending June 30 will be AU$37.6 billion ($27.6 billion), AU$500 million ($367 million) worse than was forecast a year ago. The Treasurer also promised a "one-stop shop" for customer complaints aganst the banks called the Australian Financial Complaints Authority. He continued: "While similar taxes operate in other global jurisdictions, they were introduced to recover the cost of governments having to take over their banks".

Business

World braces for more cyberattacks as work week begins

Wainwright said he was concerned that the numbers of those affected would continue to rise when people returned to work on Monday morning. In a blog post , released by Microsoft on Sunday, they called the attack a "wake-up call" and identified "nation-state action and organised criminal action" as "the two most serious forms of cybersecurity threats in the world today".

Business

US Homebuilder Sentiment Climbs Higher in May

More Americans are seeking homes as job security has improved with low unemployment. "On net, year-to-date applications for new homes are running about 3 percent above the same period from 2016". economist at Pantheon Macroeconomics . Housing starts are expected to rise to an annual rate of 1.260 million in April after tumbling to a rate of 1.215 million in March.

Business

It appears BC has its first minority government in 65 years

Premier Christy Clark said Wednesday she intends to form a government and is willing to work with others to stay in office. Speaking to reporters the day after the vote, Weaver, whose party tripled its support earning three seats in the legislature, said he has no intention of rushing into an alliance with either the Liberals or NDP.


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