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Business

Ford to cut 1400 jobs by the end of this summer

In a statement, Ford said it remains focused on "becoming as lean and efficient as possible" but didn't provide specifics on anticipated cost savings. But investors are clearly anxious that sales in the U.S., Ford's biggest market, are peaking. Ford is pouring billions into developing driverless cars, while sales of its conventional models are struggling to keep pace with rivals including General Motors Co.

Business

North Korea in new test of medium-range ballistic missile

Sunday's launch took place one week after North Korea carried out one of its most successful missile tests date, sending an intermediate-range missile almost 800 miles. South Korean President Moon Jae-in held a National Security Council meeting to discuss the launch, which his foreign ministry described as "reckless and irresponsible".

Business

Scottish football records broken as Celtic beat Hearts to end season unbeaten

No team had gone an entire season without defeat since Rangers in 1899. They brought the curtain down on a campaign to forget thanks to goals from Kenny Miller and Jon Toral, with Graham Cummins pulling one back. At that time, a season comprised only 18 games, compared to the current 38. Celtic ended Brendan Rodgers' first Ladbrokes Premiership season as manager with a host of Scottish league records.

Business

Plane crashes into Los Angeles airport truck after landing

The Boeing 737 was taxiing to an arrival gate when it collided with the utility truck carrying multiple people who were injured, fire and airport officials said. In a separate incident on Saturday at LAX, another inbound aircraft experienced hydraulic issues. But a statement from the airport said one passenger reported suffering some pain after leaving the aircraft.

Business

NKorea vows to strengthen nukes as US increases pressure

North Korea will rapidly strengthen its nuclear strike capability as long as the United States maintains its " hostile policy " toward the country, the country's deputy U.N. "So our effort is to work with the United Nations , work with China, work with Japan, work with South Korea to try to find a way out of this situation".

Business

Tunnel cave-in leads to Hanford site emergency

A former Energy Department official Bob Alvarez said that the rail cars carry spent fuel from a reactor area long the river to the chemical processing facility, which then extracts risky plutonium and uranium. The tunnels were used to hold rail cars loaded with contaminated equipment during the Cold War. "There's no indication of contamination spread during this event".

Business

IPL 2017 final: Mumbai Indians eye record third title against RPS

If Rohit Sharma-led MI will win final against Rising Pune Supergiant, the side will achieve a unique mile stone by becoming the only IPL team to win 3 titles. Along with the world's best finisher - Dhoni -Tiwary took away the game from Mumbai's grasp, milking 41 runs from last 2 overs during first qualifier at Wankhede.

Business

Plans new package of Venezuela sanctions soon

The aides spoke on condition of anonymity after being briefed on the action, which they say could come as early as later in the day. A ruling by the court in late March stripping the opposition-controlled assembly of its remaining powers ignited a deadly wave of unrest.

Business

Khursheed Shah blames govt over Kulbhushan Jadhav case verdict

Aziz claimed that Jadhav was not an ordinary Indian, he was "an officer in the Indian Navy who has also admitted to carrying out espionage activities in Pakistan". The ICJ had in its order indicating provisional measures dismissed Pakistan's arguments related to reservations about the court's jurisdiction, maintainability of petition and urgency of the matter.

Business

Donald Trump to call on Arab leaders to confront 'Islamist extremism'

Saudi's foreign minister also called Trump's meetings with the Saudi king "the beginning of a turning point" between the United States, Saudi Arabia and its Gulf allies. The King of Bahrain also praised the two nations' long-term alliance. Mr Trump said the two countries "have a wonderful relationship" but that "there has been a little strain" and vowed to improve things further.

Business

Workspace Group plc (WKP) Receives Overweight Rating from JPMorgan Chase & Co

This was disclosed in an analyst report on 9 May. The current consensus rating on BT Group plc (NYSE:BT) is Hold (Score: 2.44) with a consensus target price of $372.69 per share, a potential 1,767.17% upside. AZZ's profit will be $15.85 million for 23.81 P/E if the $0.61 EPS becomes a reality. RSA Insurance Group PLC (LON:RSA) had its stock rating noted as Neutral by analysts at JP Morgan Cazenove.

Business

GST: Phone bills and cost of buying a new phone to soar

The exempt services will also include animal slaughtering, banks giving loans or deposits and those provided by the veterinary clinics. These exemptions will continue. Non-AC train travel will be exempt and the 5 per cent will be levied on AC travel tickets. This, in effect, lowers the tax incidence on the consumer.

Business

Paul Ryan Calls For More Information On Comey Memo

Ryan spoke at a weekly briefing following news late Wednesday that former Federal Bureau of Investigation Director Robert Mueller has been appointed special counsel to oversee the investigation into Russia's alleged interference in the 2016 presidential election.

Business

Iran: Rouhani supporters celebrate election victory into the night

Rouhani sealed a second term in the office after he won with more than 57% percent of the votes in Friday's election. Fixing the economy will not be easy. "I think the Trump administration will remain pretty consistent on this issue". A number of Iranians eager to vote had to cross the border to vote in the USA with 55 polling stations placed there.

Business

Trump stops by Toby Keith concert in golf cart with Saudi King

Saudi King Salman presents President Donald Trump with The Collar of Abdulaziz Al Saud Medal at the Royal Court Palace, Saturday, May 20, 2017 , in Riyadh . He was joined by First Lady Melania Trump. Trump, senior White House officials said, does not plan to travel overseas and lecture other countries on human rights, as former president Barack Obama did - and his line about good vs.

Business

Louisville baseball to host ACC Tournament as top seed

Tuesday in the Pool C opener. The games begin Tuesday at 11 a.m., and the tournament concludes with the championship game Sunday at noon. Second-seeded North Carolina and hard-charging NC State have been paired together in the same three-team pool for next week's ACC baseball tournament at Louisville Slugger Field.

Business

Wal-Mart sees online sales surge, more shoppers at stores

That's a contrast with many rivals that saw both those figures drop. He added Wal-Mart made a few strategic acquisitions to further improve its product assortments. The clothing sites are operating as stand-alone operators and appeal to younger shoppers. The stock recovered 22.73% since its low point and has performed -35.71% year-to-date.

Business

Pa. jobless rate bumps up, payrolls shrink in April

Asa Hutchinson said in a prepared statement. But those jobs pay below the state average, keeping a cap on wage gains. IN was the only state to see a significant decrease in jobs last month. "I encourage unemployed and underemployed Hoosiers to be steadfast in their job searches and consider training and placement opportunities available at their local WorkOne Career Center", Braun said.

Business

Passengers say man acted oddly before takeoff

Federal Bureau of Investigation have not yet stated what charges the man faces, although it is likely he will be charged with "interfering with a flight crew", which carries a penalty of up to 10 years in prison. As the police said, he had consumed alcohol. They say he was spotted by a contractor and detained until police officers arrived. LAX police spokesman Rob Pedregon said that the Turkish national told the airport authorities that he lost his way because he was tipsy from drinking and ...

Business

Salesforce.com, inc. Posted losses of -0.1% in the Last Trade

MKM Partners reaffirmed a "buy" rating and set a $104.00 price objective (up from $98.00) on shares of salesforce.com, inc.in a report on Friday. Vetr downgraded salesforce.com, inc. On 5/18/2017 Marc Benioff, Chairman, sold 10,000 with an average share price of $87.79 per share and the total transaction amounting to $877,900.00.

Business

Draft a sign of progress on South China Sea code of conduct

The agreement was reached during the 14th Chinese and ASEAN senior officials' meeting on the implementation of the Declaration on the Conduct of the Parties in the South China Sea (DOC), co-chaired by Chinese Vice Foreign Minister Liu Zhenmin and Singapore's Permanent Secretary for Foreign Affairs Chee Wee Kiong.

Business

How does GST rates impact your monthly household budget?

With 18 per cent GST on machinery, there is neither loss nor gain. GST rate of food grains is yet to be finalised, reported NDTV. "As expected, healthcare and education will continue to remain exempt under the GST regime to maintain the affordability of these basic services", said Priyajit Ghosh, Partner, Indirect Tax, KPMG.

Business

North Korea Fires Unidentified Projectile

South Korea's Joint Chiefs of Staff said the projectile was sacked from an area about 50 miles northeast of Pyongyang. The U.S. Pacific Command says it tracked the missile before it landed in the sea. The launch comes a week after the North successfully tested a new midrange missile that experts say may one day be capable of reaching Alaska or Hawaii.

Business

China's Xi threatens war, Philippine leader says

Chinese President Xi Jinping (R) shakes hands with Philippines President Rodrigo Duterte prior to their bilateral meeting during the Belt and Road Forum, at the Great Hall of the People in Beijing , China May 15, 2017. Handling incidents and disputes in an appropriate manner is important, they said. China's foreign ministry said the document had been agreed upon, but gave no details of its contents, according to a report by Reuters.

Business

Repeal Of Obama-era Methane Emission Limits Narrowly Fails In Senate

The House passed a resolution to repeal the methane rule in February, but the bill stalled in the Senate as some Republicans expressed concern that such a bill would prevent the government from enacting "substantially similar" regulations in the future.

Business

Pippa Middleton marries financier as royal guests look on

Older sister Kate, also known as the Duchess of Cambridge, looked after the page boys and bridesmaids, who were all under five years old and included her own children, Prince George, 3, and Princess Charlotte , 2. On Saturday her younger sister wore a more modest hair clip in her glossy up-do. After dating a string of high-society men, Pippa chose to settle down with 41-year-old Matthews, who popped the question last summer after nearly two years of dating.

Business

Jamshedpur remains tense after violence over lynching

SEVEN PERSONS, including two brothers returning from work linked to the Swachh Bharat campaign, were beaten to death by mobs in two attacks over the last 24 hours in tribal-dominated areas near Jamshedpur following rumours of gangs involved in kidnapping children being active in the region.

Business

Philippines calls for 'gentlemen's agreement' between ASEAN, China on sea code

Political observers said Duterte's frank account of the conversation in the Chinese capital could infuriate China . Romana has welcomed the completion of the draft of the framework of the Code of Conduct (COC) for the South China Sea territorial disputes.

Business

This Basquiat Painting Just Set a New Art Auction Record

A week ago, a 1982 Basquiat self-portrait that had been featured in a number of major retrospectives sold for $57.3 million at a Christie's auction in NY. Five of Basquiat's works sold Thursday night, pulling in $129.3 million total, Sotheby's said. The Picasso piece sold at Christie's in NY in 2015.

Business

ICJ can't nullify Jadhav's death sentence: Aziz

The opposition leaders' criticised government's management for the case at International Court of Justice thus Sartaj Aziz had given the notice. While answering to the question as to why Pakistan moved the ICJ on the Kulbhushan Jadhav matter, he said Pakistan was a member state of the United Nations and the decision was taken after consultation.

Business

OPEC panel looking at deepening, extending oil cuts

Commodity Futures Trading Commission (CFTC) said on Friday. In its monthly report last Thursday, OPEC estimated that non-OPEC production this year would grow by 950,000 barrels per day (bpd). For full coverage of all proceedings in Vienna at OPEC's 172 meeting - log into www.opec.org for live webcast from 0900 Central European Time on Thursday 25 May 2017 .

Business

Snapchat shares plummet as Snap Inc's first results are out

Snap saw its daily users increase by 5% to 166 million at the end of March, which was below analysts' expectations, while year-on-year growth fell to 36% from 48% in the previous quarter. Among those expenses, CEO Evan Spiegel received a $750 million bonus for taking the company public. Facebook has also added Geostickers to Instagram, offering location-specific tags in two cities (New York City and Jakarta) that users can paste over images.

Business

Harvard Report: There Is A Huge Anti-Trump Bias In Corporate Media

According to a new study from Harvard University's Shorenstein Center on Media - part of its Kennedy School of Government - Trump's first one hundred days in office was a veritable blitzkrieg of negative press. CNN appears to be leading the assault on Trump, with Eric Bolling, host of "The Fox News Specialists", pointing out that "they're coming in at 92, 93 percent [negative]".

Business

Indian Navy foils piracy attempt in Gulf of Aden

On May 16, at about 4.45pm, INS Sharda received a distress call from MV Lord Mountbatten (a Liberia registered ship), 230nm southwest of Salalah. The vessel reported a piracy attempt by two suspicious mother vessels and eight skiffs. New Delhi, May 18 The Indian Navy has thwarted a piracy attempt on a Liberian vessel in the Gulf of Aden, in a swift operation involving marine commandos and an armed chopper.

Business

Tejas Express Luxury Trains To Start Operations Between Mumbai, Goa Soon

The train will depart on its maiden journey from Mumbai to Goa on Monday. Turns out that the Tejas train, created to run at a speed of up to 200 kmph, is not that fast after all. A seat in the Executive Class in Tejas is going to set you back by Rs. 2940, however, if you choose to let go of the food, it will be Rs 2,540. Catering services for the new train will be managed by the Indian Railway Catering and Tourism Corporation (IRCTC).


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