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Switzerland's Clariant, Huntsman of US in chemicals merger

NEW YORK (AP) - U.S. stocks are higher Monday as the market bounces back from a turbulent week. Nordic telecoms firm Telia said it was buying Finnish cloud services firm Nebula from private equity company Ratos in a 165 million euro ($185 million) deal.

Business

Oil prices fall on White House proposal to sell US oil reserves

The past months reveal the new oil market realities where the responsiveness and competitiveness of the USA shale industry prevent prices from rising sustainably beyond Dollars 50 per barrel. The US strategic petroleum reserves (SPR) are the world's biggest, standing at around 688-million barrels, a week's worth of global oil demand. Brent crude futures were trading down 23c, or 0.4/oz, at $53.64 a barrel at 4.50am GMT.

Business

Trump, family make private visit to Western Wall

Trump was considering making that bold announcement during his trip here, but backed off fulfilling that pledge amid a torrent of warnings from U.S. foreign policy officials and Arab diplomats, who said such a move would hinder peace efforts and set off tensions in the region.

Business

Bomber set off blast after Ariana Grande concert

A CNN journalist saw a heavy armed police presence in parts of the city, particularly outside the Royal Infirmary Hospital where several victims are being treated. A number of election events were planned for Tuesday including the launch of the Social Democratic and Labour Party (SDLP) manifesto and the unveiling of a Sinn Féin billboard in north Belfast but these were deferred as a mark of respect for those who died and were injured in the suicide bombing.

Business

Notre Dame Students Walk Out of Mike Pence Commencement Address

Pence was asked by Notre Dame to deliver the speech Sunday at its graduation , but the moment he stepped up to the lectern.at least 20 students got up headed toward the back. In a news item on its website, the university said that approximately 100 students participated in the walkout. Before Pence delivered his commencement address, valedictorian Caleb Joshua Pine used his own time at the podium to speak out against the Trump administration's "scapegoating of Muslims" and proposal ...

Business

McMaster: Trump's Federal Bureau of Investigation comments to Russians were to find 'areas of cooperation'

Former FBI Director James Comey was so concerned that his contacts with President Donald Trump jeopardized the agency's independence that he documented all of them and gave the records to his aides, a longtime friend said Thursday .And in fact when I chose to just do it, I said to myself, I said you know, this Russian Federation thing with Trump and Russian Federation is a made up story, it's an excuse by the Democrats for having lost an election that they should have won.

Business

Loesch: Pres. Trump 'Said Islamic Extremism to Saudi Arabia's Face'

President Donald Trump looked to make clear that the United States is not at war with Islam in a major speech here on Sunday, instead defining the battle against terrorist groups as a "battle between good and evil" as he urged Muslim-majority countries to redouble their counterterrorism efforts.

Business

Ford CEO Mark Fields steps down after 28 years

Ford has replaced its chief executive, Mark Fields , following a major reshuffle at the United States auto giant. They can see their opportunity in that. The reorganization expands Bill Ford's duties as well. Hackett said the two have plans to go to a MI football game. Before joining Ford in 2007, Farley was group vice president and general manager of Lexus, responsible for all sales, marketing and customer satisfaction activities for Toyota's luxury brand.

Business

James Comey reportedly rebuffed Trump's attempts to get chummy

Former Connecticut Sen. Joe Lieberman was seen as the front-runner. After the Comey memo, which detailed Trump's attempts at securing the FBI director's loyalty and commitment to lay off in the investigation into then-National Security Adviser Mike Flynn, the feeling was that Trump's actions were minimally unbecoming of a president, but the public discussion quickly turned to what, exactly, is the definition of obstruction of justice.

Business

Former FBI Director James Comey Will Testify In Open Session

In response to the latest reports on Friday, White House Press Secretary Sean Spicer again rejected the allegations and said, "A thorough investigation will confirm that there was no collusion between the campaign and any foreign entity".

Business

Tigers snap Rangers' streak at 10, beat Texas 9-3

Miguel Cabrera had three hits and an RBI as the Tigers are back at.500. Grossman and Kepler each hit two-run homers in the first inning, and Brian Dozier had an RBI double in the second off Ian Kennedy (0-4) in his first game back from the disabled list.

Business

First working session of G7 finance summit begin

Earlier, he told reporters that "the relationship with Mnuchin improves every time we see each other". "This is a reminder to all of us of the importance and focus on cyber security", Mnuchin said, according to Reuters . Japan's Finance Minister Taro Aso arrives for a G7 of Finance Ministers and Central Bank Governors meeting, in Bari , southern Italy, Friday, May 12, 2017.

Business

German prosecutors to search Daimler offices in diesel probe

According to Reuters , Chancellor Merkel said on Monday, "We need long-term horizons and companies that invest in the future". "The battery factory in Kamenz is an important component in the implementation of our electric offensive". The company assumes that the proportion of electric vehicles in the total unit sales of Mercedes-Benz will be between 15 and 25 percent by 2025. While Germany's automakers are ramping up production of electric cars, most batteries they use are made in Asia, ...

Business

Sorl Auto Parts Inc (SORL) Shows Positive Weekly Momentum

Investors sentiment increased to 1.05 in Q4 2016. Wall Street await Advance Auto Parts, Inc. For the uninitiated, Sorl Auto Parts is a Chinese-based automotive parts store that develops and distributes brakes and other safety parts for sale locally and internationally.

Business

Analysts Keeping an Eye on: United States Steel Corporation (NYSE:X)

Based on data provided from analysts polled by Thomson Reuters, AK Steel Holding Corporation has a current consensus target price of 8.63. The Relative Volume of the company is 0.65 and Average Volume (3 months) is 18.22 million. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website . The Director added these shares by way of transaction on May.

Business

US Imposes Sanctions on Venezuela Supreme Court

In March, the Venezuelan Supreme Court temporarily dissolved the National Assembly and assumed the powers of the legislature . Trump's comments came one day after the Venezuelan government announced it was sending more than 2,500 troops to a trouble-hit region on the border with Colombia to try to quell weeks of violence that have claimed 44 lives nationwide.

Business

AT&T workers go on three-day strike

Richter said the company was confident it would would settle the contract dispute after having successfully reached 29 contract agreements covering over 128,000 employees since 2015. Just over half of the employees work for the company's wireless business, primarily in call centers and retail stores, and have been without a long-term contract since February.

Business

AutoZone, Inc. (NYSE:AZO) Bending Lower, Touching Top Loser's List

The company's shares this morning fell below $600 for the first time since January 2015, declining more than 9% and bottoming out today at $597.45 a share after AutoZone earned $11.44 per share during the three months ended May 6, improving on a $10.77 per share profit during the same quarter a year ago but still missing the Capital IQ consensus by $0.51 per share.

Business

Germany, France confident of unlocking Greek aid

Hopes were high that the deadlock could be broken after Greek lawmakers last Thursday adopted a new round of additional, painful austerity measures. "The Eurogroup held an in-depth discussion on the sustainability of Greece's public debt but did not reach an overall agreement", the Eurozone ministers said in a statement.

Business

Pound sags vs yen after Manchester blast, euro at six-month highs

United States crude rose 0.61 percent to $50.98 per barrel and Brent was at $53.80, up 0.35 percent on the day. The dollar weakened 0.2 percent to 110.98 yen. The euro was last up 0.22 percent at $1.1229. The euro's rally meant the dollar was pulled back to the six-month low it hit last week after concerns about Donald Trump's firing of a former Federal Bureau of Investigation head and his administration's links to Russian Federation had given the greenback a drubbing.

Business

Two killed in plane crash near New Jersey's Teterboro airport

Carlstadt Police Sergeant John Cleary told reporters the plane hit one building in an industrial or manufacturing area, skidded across a parking lot and broke apart. Carlstadt Mayor Craig Lahullier said all town employees already had left for the day before the plane crashed next to the town's public works building.

Business

Cafe Introduces Avocado Latte to Millennial Hipster Delight

It's called the "avolatte ". You cant scroll through Instagram these days without seeing a plate of smashed avocado or an intricately poured latte. If you order it at Truman Cafe, though, it's actually a bargain. Some are considering the avolatte a tongue-in-cheek clap-back in response to those statements.

Business

Islamic State group claims responsibility for Manchester blast at Ariana Grande concert

He said there were children among the dead, and many more among the injured. May, who faces an election in two-and-a-half weeks, said her thoughts were with the victims and their families. The Mayor of Greater Manchester , Andy Burnham has been talking to journalists about the attack. This MUST end! No more war.no more innocent lives taken.

Business

New Home Sales Dropped 11.4% In April

New home sales dropped 11.4 percent sequentially to 569k, as compared with consensus expectations of 610k. Economists had expected a more modest retreat from March sales of 642,000, which were the highest since October 2007. The housing market is at or near 10-year highs for newly built and previously owned homes, and economists said momentum is likely to continue throughout the year despite last month's dip.

Business

Oil prices fall as White House proposes U.S. oil reserve sales

Croft told CNBC that Iraq will ultimately cooperate "but they might make it difficult along the way", pointing out that oil minister Jabbar al-Luaibi has fought hard to prevent his country from having to take what is the second largest hit to its production figures; she added that Iraq has the capability of raising production levels quickly.

Business

US says Fiat Chrysler used software to beat emissions tests

Further pressure was added this past week when news broke that the U.S. Department of Justice is gearing up to sue FCA over the issue if it is not resolved promptly. All owners of affected 2014-2016 vehicles will have to visit their dealership for the update, if approved. The software update would begin rolling out once the EPA and California Air Resources Board approved it, Fiat Chrysler said Friday.

Business

Iran's leader jabs Trump's 'theatrical' Saudi trip

He said Friday's election in Iran that saw Rouhani convincingly defeat hardline challenger Ebrahim Raisi had been a message to the world that Tehran was ready for engagement, reported AFP. "When they imposed sanctions on us, they made a mistake", he said. "When they attacked Afghanistan, they made a mistake". Within hours of Trump's speech Rouhani's rivals were hitting at him hard, calling him responsible for Trump's attack, as well as for the diplomatic success of Saudi Arabia - Iran's ...

Business

Bovis Homes Group plc (BVS) Upgraded to "Buy" at Jefferies Group LLC

The stock was purchased at an average price of GBX 1,014 ($13.09) per share, for a total transaction of £1,622.40 ($2,094.23). (TSE:MDI) has risen 6.00% since April 19, 2017 and is uptrending. It has a 76.32 P/E ratio. About 3.62 million shares traded. BAE Systems PLC (ADR) (OTCMKTS:BAESY) has risen 6.00% since April 19, 2017 and is uptrending.

Business

Manchester terror attack: The Queen's statement on Ariana Grande concert tragedy

Like many celebrities who were shocked by the news , Corden said his thoughts and prayers were with the people of Manchester last night, including the staff at Manchester Arena , the security and emergency services teams, as well as Grande and her team and the affected families.

Business

Saudi Aramco 'strongly interested' in Indian refining project - Oil Minister Dharmendra Pradhan

It has been suggested that USA output, which is not included in the deal, might scupper the agreement, however, the current weak oil price makes exploitation of U.S. Iran was the only OPEC member allowed to increase its output under the supply cut deal. The initial deal failed to bring supply back within the limits of the five-year average, which is considered by OPEC to be a fair measure of oil's fundamentals.

Business

Pres. Trump 'asked' intelligence officials to deny existence of Russian Probe

In March testimony to Congress, Comey confirmed for the first time that the bureau was looking into "the nature of any links between individuals associated with the Trump campaign and the Russian government and whether there was any coordination between the campaign and Russia's efforts".

Business

Trump uses Israel visit to champion 'ultimate deal' for peace

Over the next nine months, John Kerry, the U.S. secretary of state, held dozens of rounds of talks with Israeli and Palestinian negotiators. As the two leaders left, Netanyahu reiterated that intelligence sharing was "terrific", before adding, "And it's never been better".

Business

Rio Tinto plc (RIO) Price Target Cut to GBX 4150

The rating was maintained by Deutsche Bank with "Buy" on Wednesday, June 22. The firm earned "Outperform" rating on Friday, April 21 by BNP Paribas. GBX 3287.65's average target is 2.55% above currents GBX 3206.03 stock price. Rio Tinto plc is a mining and metals company. Quantbot Technologies LP acquired a new position in Rio Tinto plc during the first quarter worth about $111,000.

Business

Trump's first foreign visit starts in Saudi Arabia, then Israel

USA president Donald Trump said he never mentioned "the word or the name Israel" during a recent conversation with top Russian diplomats. In his Saudi speech, Mr Trump condemned " Islamic extremism ", " Islamists " and " Islamic terror ", but not once uttered the precise phrase he pressed Mr Obama on.

Business

Bullish Traders Hoping for Deepened Production Cuts

Petroleum Minister Dharmendra Pradhan on Monday raised the issue of premium being charged on oil supplied to Asian countries by some OPEC members and asked that a reasonable pricing policy be adopted by the 13-nation producers' cartel.


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