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Commerce Department to Launch Probe into Boeing, Bombardier Dispute

It argues that Bombardier's true goal is to grab half the US market share for 100-to-150-seat aircraft and it is using its sale of cheap planes to Delta to build momentum. Lawyers for the USA aerospace giant argued Thursday that Bombardier's own words prove it was rescued financially by multibillion-dollar assistance from the Quebec government, which a year ago invested US$1 billion in exchange for a 49.5 per cent stake in the CSeries.

Business

Chinese jets intercept US radiation-sniffing plane, US says

A WC-135 Constant Phoenix aircraft was intercepted by Chinese fighter jets while it was conducting a routine mission, NBC said Thursday. The US crew aboard the US Air Force WC-135 characterized the move as " unprofessional ", according to the statement from Air Force Lt.

Business

Salesforce posts better-than-expected quarterly revenue (CRM)

The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . On Wednesday, February 15th, Craig Conway sold 250 shares of salesforce .com, inc. (NYSE: CRM ) or 49,048 shares. U.S. based company, Salesforce .com, inc. Morgan Stanley reaffirmed an "overweight" rating and issued a $107.00 price objective on shares of salesforce .com, inc.in a report on Wednesday, March 8th.

Business

Times Square crash victim was 18-year-old Michigan woman

According to Daily Mail , he could have been under the influence of synthetic marijuana , and though he has two DWIs on his record, he was given a breathalyzer at the police station which confirmed that no alcohol had been in his system.

Business

Play ball ... faster! MLB, union to meet on pace of game

And Facebook has landed other deals around the world, including live streaming 46 Mexican soccer games this season. The broadcast each week will be a feed from a participating team's local broadcast rightsholder. Live sports are emerging as a primary video content target for digital platforms like Amazon, Twitter and Facebook that are looking to expand their programming slates and hopefully pull ad dollars away from television.

Business

Wal-Mart sees online sales surge, draws more shoppers

In March, the company received a patent for a process in which drones would transport products between departments in stores. Growth in the business has been picking up after Wal-Mart said in October it would slow down new store openings to focus on expanding its e-commerce business.

Business

What is Amazon Prime Reading? Amazon's new free reading service explained

Titles highlighted in the Prime Reading launch offering include the Man Booker Prize shortlisted The Fishermen by Chigozie Obioma, Harry Potter and the Philosopher's Stone by J K Rowling, The Angels of Lovely Lane by Nadine Dorrie, as well as non-fiction and short-form content including Kindle Singles by Susan Hill and Howard Jacobson and works from authors such as Gloria Steinem.

Business

Comac C919 takes off for maiden flight in China

With a standard range of 4,075 kilometres, the narrow-body jet is comparable with updated Airbus 320 and Boeing's new generation 737, signalling the country's entry into the global aviation market, Xinhua news agency commented. This includes the electrical system and landing gear, which are produced in the USA by Honeywell International. Airbus has estimated Chinese airlines will need almost 6,000 new planes over the next two decades, while Boeing foresees 6,800 aircraft.

Business

Cathy McMorris Rodgers spokesperson issues statement on her response to Putin comment

House Majority Leader Kevin McCarthy suggested past year to fellow top Republicans that Russian President Vladimir Putin was paying Donald Trump , according to a published report . McCarthy's comment really does sound like dark humor. Rohrabacher, who has a history of expressing support for the Putin regime and has been described as "Putin's favorite congressman", told the Guardian Wednesday night that McCarthy reassured him it was a joke.

Business

Uber is now officially in the trucking business too

And Uber Freight says it will compensate truckers for unexpected hassles, like waiting longer than expected for a load. Now it seems that the company wants to disrupt the cargo industry next with Uber Freight . Uber Freight's initial focus is on the two most common freight types in the US, dry van and refrigerated (reefer), which offers a lot of space to route and optimize movements of these small fleets using the app, as well as provide ways to visualize and guarantee the highest levels ...

Business

Extending Oil Output Cuts Will Stabilise Prices, Says Putin

US stock indexes are pointed toward narrowly mixed openings when the NY day session begins. The Organization of Petroleum Exporting Countries and other major producers have reached a preliminary agreement to extend limits on output, state-run Kuwait News Agency reported on Sunday, citing Oman's oil minister Mohammed Al Rumhy.

Business

Microsoft criticises NSA's role in the global cyber attack

A statement released today by Hampshire Hospitals NHS Foundation Trust said: "Radiology services at Basingstoke and North Hampshire Hospital have returned to normal following the national cyber-attack". Dr Hampson outlined to OT that the cyber attack had the potential to severely impact patient care. Just this Friday, the NHS experienced what is now being called a "ransomware attack", with the cyber security breach causing 16 out of 47 trusts to face issues.

Business

Brady touts border-adjustable tax in House GOP plan; Mnuchin skeptical

What Warren is getting at is this: The Trump administration is doing its best to make everyone think it is bringing back the Wall Street regulation - to deliver on a Republican campaign promise - when all it's really doing is using the old law's name.

Business

Senate Intelligence Committee Wants to See Comey Memos

Chaffetz, a conservative Republican who was first elected to the House of Representatives in 2008, gained prominence as head of the committee that investigated Democratic presidential candidate Hillary Clinton's use of a private email server while she was USA secretary of state.

Business

This burger chain was just rated America's favorite

In 2003, the restaurant started franchising and today there are almost 1,500 restaurants worldwide. Burger juggernaut McDonald's could only make it to number seven in the rankings, behind smaller operators including Wendy's at four and Culver's at five.

Business

Ian Poulter accepts invite for BMW PGA Championship at Wentworth

Finishing second rarely sits well with Ian Poulter but on Sunday the Englishman was in good spirits after his joint runner-up performance at The Players Championship. Cabrera Bello threw his 8-iron high in the air, and it went into the water, though at least it could be retrieved. "I really wish we could have that benefit", Kim said.

Business

China's Xi vows to defend climate pact in call with Macron

The Paris climate agreement may be better without the United States given the president's skepticism on the issue, worldwide experts said. Putting off the determination creates an opening for the leaders of Germany, U.K. Instead of keeping their advice to President Donald Trump closely held, the President's advisers have openly discussed their views of the agreement on television and at events.

Business

Brokers Issue New Targets On Pennsylvania Real Estate Investment Trust (NYSE:PEI)

Market Capitalization if basically the market value of the company's shares outstanding. Kornack now anticipates that the company will earn $0.41 per share for the year, down from their prior estimate of $0.43. In the past 5 years, the stock showed growth of -22.54% per annum. Pennsylvania Real Estate Investment Trust was downgraded to "neutral" by analysts at Boenning & Scattergood.

Business

Oil Holds Advance as Saudis, Russia Favor Output Cut Extension

The price for Brent crude oil, the global benchmark, was around $52 per barrel in early Tuesday trading, up more than 10 percent from last week. Longer cuts at already agreed-upon volumes are needed to reduce global inventories to the five-year average, the energy ministers of the world's biggest crude producers said at a joint press briefing in Beijing yesterday.

Business

India finalises tax rates for goods and services

Capital goods and industrial intermediate items will also be taxed at 18% under GST . Daily-use items like sugar, tea, coffee (barring instant coffee) and edible oil will attract the lowest tax rate of 5 per cent, nearly the same as current incidence.

Business

Illegal-alien Arrests Up Nearly 40 Percent Under Trump

The data also show a 156 percent jump in arrests of immigrants living in the US illegally who have no criminal record. The Obama administration deported a record number of undocumented immigrants, but ICE was under orders to target people with criminal records.

Business

HSBC Holdings plc Reiterates Neutral Rating for Morgan Stanley (MS)

Hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC now owns 4,176 shares of the financial services provider's stock worth $134,000 after buying an additional 26 shares in the last quarter. The ex-dividend date was Thursday, April 27th. On the other hand the company has Relative Strength Index (RSI 14) of 52.12 along with Average True Range (ATR 14) of 0.75, Consequently Morgan Stanley (NYSE:MS)'s weekly and monthly volatility is 1.34%, 1.53% respectively.

Business

Firestorm over Comey's dismissal adds to Trump frustrations

In a series of tweets on Friday, Trump also suggested he might cancel future press briefings. He told reporters three times that "The president has nothing further to add on that" when asked if the president was recording conversations in the White House.

Business

Burberry profit falls 21 pct ahead of new CEO arrival

Having stripped 20 million pounds from costs past year, Burberry is aims to achieve annual savings of 100 million pounds by the end of 2019. However, after stripping out the benefit of currency movements, adjusted profit before tax fell 21 per cent , in line with analysts' forecasts.

Business

What the WannaCry attack means for all of us

Ahead of the attack, Microsoft released a security update that fixes the exploited flaw on now supported Windows operating systems. "Russia and India were hit particularly hard, largely because Microsoft's Windows XP, one of the operating systems most at risk, is still widely used in the countries", Ankush Johar, director at Human-Firewall.io, a phishing protection company, told Economic Times.

Business

Whatsapp malfunction affects users across globe

It's with the inclusion of sending as well as receiving messages, images, videos, and so on. The issue began at around 6pm. In India, WhatsApp is used by 200 million people. Statement from the Down Detector . A verified Twitter page meant to inform the public about what's happening has not been updated since 2014, and people are wondering what issues the famous messaging app is facing.

Business

Billion App Installs From Google Play Recorded In 2016

Google's improving its multitasking credentials with a new picture-in-picture tool that allows users to carry on a video call while hopping between different apps. In a bid to expand the user-base, Google Assistant has been made available in Apple iPhones. The Android platform is a juicy target for potential scammers, but Google so far seems to have dealt with threats quickly and efficiently (given the scope of the platform, you understand).

Business

Blancco Technology Group PLC (RGS) Now Covered by Analysts at FinnCap

Barclays Capital has "Overweight" rating and GBX 550 target. Finally, Citigroup Inc reiterated a buy rating on shares of BP plc in a report on Wednesday, February 22nd. Raymond James downgraded the stock to "Mkt Perform" rating in Thursday, January 7 report. Jefferies maintained Goldcorp Inc. The stock has "Neutral" rating by JP Morgan on Wednesday, January 27.

Business

Philippine economy grows 6.4 percent in first quarter

Preliminary data from the Philippine Statistics Authority (PSA) showed that growth in economic output - as measured by gross domestic product (GDP) - slowed from the 6.6% posted in the preceding quarter and from 6.9% logged during the same period a year ago.

Business

US, Europe swap air security information at laptop ban talks

Current and former USA officials said Trump went well beyond outlining basic threat information in his meeting and Israel has voiced concern about the disclosure. Although a final decision has not been made, the U.S. Department of Homeland Security has said that an expansion of the ban to flights originating in Europe is likely.

Business

Celtics win NBA draft lottery, Lakers keep their second pick

The window is now. His team couldn't win 10 games. "You have to build on this momentum", said Pierce. The rest of the league was intently watching because with those 2 franchises landing on top, it increases the likelihood of a blockbuster trade this summer involving someone such as Paul George or Jimmy Butler .

Business

Abby Lee Miller reveals what happened in court

She also "threw back a couple of strong free drinks at the bar". "And my own students, you know, of course, that are at my studio", she continued, "but didn't get the pleasure and the money and the perks of being on a television show, but have paid me since they were 3 years old and are very loyal customers and loyal students".

Business

Factors to Note Before Buying Rite Aid Corporation (RAD)

Investors sentiment decreased to 0.92 in Q4 2016. Its up 0.09, from 0.91 in 2016Q3. It fall, as 67 investors sold RAD shares while 114 reduced holdings. Now the P/E of Rite Aid Corporation (RAD ) stands at 1260. (NYSE: RAD ) traded down 4.09% on Thursday, reaching $3.52. Rite Aid Corporation (NYSE: RAD ) shares tanked -8.03% to $3.78 on Tuesday.

Business

Walker will appoint replacement to Clarke as sheriff

Milwaukee County Supervisor Peggy West, a critic of Sheriff Clarke, says she shook her head when she heard he would be moving to a federal agency. "And then figure out, after I talk with Secretary (John) Kelly, figure out a strategy to create this better liaison between the Department of Homeland Security and our state and local partners".

Business

Alibaba set to enter Pakistan, signs MoU

Prior to the signing, Prime Minister Nawaz Sharif visited the Alibaba headquarters and in an address, stressed that Pakistan possesses enormous potential for investors. Meanwhile, Prime Minister Sharif arrived in Hong Kong on Tuesday on the second leg of his visit to China. Ma was on hand for the signing ceremony.


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