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Moody's downgrades China's credit rating citing concerns over its growing debt

Investors shrugged off the rise in Britain's terror threat level to maximum in the wake of Monday's attack in Manchester, and the slide back in market volatility helped put a floor under European and USA stocks. China's benchmark stock indexes fell more than 1 percent shortly after the market opened, before recovering some losses. The U.S. dollar pulled away from recent 6-1/2 month lows as investors pored over President Donald Trump's first full budget plan.

Business

Newark Liberty International Airport reopens after United Airlines plane engine catches fire

United spokesman Jonathan Guerin said the aircraft was notified of the apparent fire by the control tower and one person suffered an ankle injury while evacuating. United Flight 1579 typically departs around 8:30 p.m. from the NJ airport, landing in San Francisco International Airport before midnight local time.

Business

Golden State Warriors vs. San Antonio Spurs

Coach Popovich will still be feeling filthy about his best player in Kawhi Leonard , but he didn't hesitate to criticize his team's lack of belief in themselves as they really didn't put up a fight after falling behind early. His efficiency and accuracy are at all-time levels right now, and should he enter Game 3 without Leonard there to cause disruption on the wing, Curry could wind up having another field day shooting the ball.

Business

Ford plans big job cuts

This move could put the automaker on a direct collision course with U.S. President Donald Trump , who made increasing employment in the auto industry one of his top priorities. Ford also recently embarked on an expensive, 10-year plan to remake its Dearborn campus. Ford has about 200,000 employees worldwide . Ford Motor Co .þÄôs net income fell 35 percent to $1.6 billion in the first quarter reported Thursday, April 27, 2017, as it was hit by costly recalls, lower sales and rising prices ...

Business

Wal-Mart Stores Inc (WMT) Really IS Turning It Around

BIG DEALER: McKesson jumped 7.8 percent after the prescription drug distributor reported earnings for its latest quarter that easily beat Wall Street's forecasts. "At Walmart U.S., the 2.9% increase in net sales equates to an additional $2.1 billion taken over the first quarter - an impressive achievement given 2016 included an extra day of trading from the leap year".

Business

Salman Abedi likely part of a network, Manchester police say

Collomb said it was "possible" that Abedi had had assistance from other people, adding: "In any case, the links with Daesh are proven". The father-of-six said that his son visited Libya a month-and-a -half ago. U.S. and United Kingdom intelligence services, along with Africa Command, are looking at the possibility Abedi could have met with ISIS members or operatives from al Qaeda in the Islamic Maghreb (AQIM).

Business

Kinder Morgan Inc (KMI) Shares Bought by Karpas Strategies LLC

The Company's assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

Business

TSA tests screening larger electronic devices separately

The WSJ reports that the TSA is taking on customers' overstuffed, cluttered bags with screening tests at smaller airports around the country. And "TSA officers may also advise travelers to place other carry-on items separately in a bin", LaJoye said - including food and books, which can obscure X-rays.

Business

Long Term Growth Stock in Review: Regions Financial Corporation (NYSE:RF)

They expect $0.52 earnings per share, up 26.83 % or $0.11 from last year's $0.41 per share. The institutional investor held 851,914 shares of the major banks company at the end of 2016Q4, valued at $12.23M, up from 201,299 at the end of the previous reported quarter.

Business

Oil continues to gain ahead of OPEC meeting

So far, though, OPEC's cuts haven't curbed the global oil glut almost as much as anticipated, as $50-a-barrel oil fueled a US drilling recovery that threatens to counteract the cartel's efforts to lift prices. From a technical perspective, oil has had a bullish run, analysts said. The US government poses another risk to OPEC's attempts to erode oil stockpiles.

Business

Boeing, DARPA to design next-gen space plane

The goal is for it to provide a faster and more affordable way of small satellite launches compared to conventional methods. According to the agency, this first of a new class of spaceplanes would allow the U.S. The goal is to get costs down to as little as $5 million per launch all told, and be able to fly at least 10 times a year. The project, known as XS-1, is expected to debut in 2020.

Business

China stocks fall after rating cut, other Asian markets gain

Moody's said it expects that the strength financially of the economy in China will erode during the next few years as its growth will slow and debut will continue rising. "Of course we're not really sure of the details of the budget plan, and what form it will finally take, but it has given the market the perception that everything is moving forward again, after recent distractions such as "Russia-gate", said Mitsuo Imaizumi, Tokyo-based chief foreign-exchange strategist for Daiwa Securities".

Business

OPEC nearing deal to extend output cut to March 2018

And that's where Thursday's OPEC meeting comes into play. "Summer demand is picking up, refineries are back, if they can get it right, if they can cut exports I do think we see 60 (dollars a barrel) by late Summer", Sen added. If they only agree to the 9-month extension then it should become a "buy the rumor, sell the fact" situation and prices should fall on profit-taking.

Business

Motorist who mowed down Times Square pedestrians to face murder charges

The other victims were taken to multiple hospitals in the area, but there was no word on the extent of their injuries, police said . Her 13-year-old sister was injured. According to police reports, Rojas drove a Honda at a high rate of speed from West 42nd Street to West 45th Street, where he crashed into a metal stanchion, causing the auto to catch fire.

Business

Philippines: Duterte's hometown Davao in lockdown

To enforce the Mindanao martial law for 60 days, Mr Duterte will have to send a report to Congress, which will then decide whether to accept or reject his proclamation of martial rule. He said Wednesday he is anxious about his wife, a secretary at the cathedral, because she does not have her medicines for a heart problem. The Catholic church said rebels had taken hostage Father Chito Suganob, a priest at Marawi's Cathedral of Our Lady Help of Christians, and several churchgoers.

Business

Trump Praises 'Fantastic' Meeting With Pope Francis

That theme was reflected in their words and their gifts. "During their 1st ever meeting, Pope Francis gave a book to President Trump regarding #ClimateChange ". "It was an honor to be with the pope ". Trump emerged from a long motorcade and the Pope from his Ford Focus. He also said the thought a successful staging of the visit could provide Trump with a good news storyline to briefly overshadow the tumult back home over the firing of his Federal Bureau of Investigation director ...

Business

Rosenstein Defends Memo Condemning Comey Before Trump Fired Him

The FBI's investigation into Trump's Russia ties has been going on for a while now, but McClatchy reported on Friday that now, the Trump-Russia investigation involves a possible cover-up by White House officials as well. White House Press Secretary Sean Spicer told the Times in a statement that Comey had put unnecessary pressure on Trump's ability to conduct diplomacy with Russian Federation.

Business

Budget Office to Gauge Health Bill Effect on Coverage, Cost

In addition to steep rate increases this year, carriers lack enough younger, healthy plan members to offset the higher cost of sicker, older enrollees. In states that obtained both of those waivers, it would mean lower premiums for people buying individual insurance. And in states that chose to waive the requirements for essential benefits, even people with insurance “would experience substantial increases in what they would spend on health care, ” because their policies might no longer ...

Business

Rouhani: 'Trump Anti Terrorism Summit 'Only A Show'

He said Iran welcomed better relations with its regional neighbours and pledged to fulfil his campaign promises of opening Iran to the world and delivering freedoms to the Iranian people. And he would also tell him "it is important to reach out and talk to Iran ". "There is no doubt in this", Mr Rouhani said. "Who can say the region will experience total stability without Iran? " he said at a news conference.

Business

Instinet Boosts Noble Co. (NE) Price Target to $5.00

Noble Energy's payout ratio is -17.24%. (NYSE: NBL ) for 71 shares. Webster National Bank N A reported 2,900 shares. Vanguard Group Inc. raised its position in Noble Energy by 3.9% in the first quarter. The firm earned "Buy" rating on Friday, October 14 by Mizuho. The business is expected to announce its next earnings report on Wednesday, July 26th. The firm earned "Overweight" rating on Thursday, July 14 by Barclays Capital.

Business

Iran mocks Trump after speech in Saudi Arabia

Iranian Foreign Minister Mohammad Javad Zarif tweeted that Washington may be "milking" Saudi Arabia. Mr. Trump's address on Sunday was the centrepiece of his two-day visit to Saudi Arabia, his first stop overseas as President. The US itself has been a supporter of Saudi Arabia in its brutal war on Yemen and of the many violent groups fighting in Syria to topple President Bashar al-Assad.

Business

China says Moody's downgrade overestimates difficulties facing its economy

Last September, the Bank for International Settlements (BIS) warned that excessive credit growth in China signaled an increasing risk of a banking crisis within three years. Signs of trouble in China could easily derail the world-wide equities rally and dampen global economic growth given the country's significant role in worldwide trade.

Business

Evidence suggests Lazarus Group responsible for WannaCry

The earlier attacks did not exploit the vulnerability that helped WannaCry spread so far, so fast but instead used six other malicious programs favoured by Lazarus . The North Korean diplomat was forced to speak on the matter after last week, three well-known cyber-security firms advanced a theory that North Korea was behind the attacks .

Business

LS Investment Advisors LLC Boosts Stake in General Motors Company (GM)

It improved, as 52 investors sold MCD shares while 574 reduced holdings. He is also eligible for an annual bonus of up to $3.6 million, plus compensation from his service at Ford's mobility unit. If you are viewing this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law. A number of brokerages recently weighed in on F.

Business

Parades, cemetery visits scheduled for Memorial Day weekend

Brighton Circle West, Crystal Lake. CARY-GROVE AMVETS FLAGS AT WINDRIDGE, 5 to 6 p.m. Local Boy and Girl Scout troops will be participating in the raising of the colors and presentation of wreaths. Pastor Ann Spitzenberger will give the benediction. Services in Ludlow will be held at 10 a.m. Monday, May 29 , at the Ludlow Community Center, 204 E.

Business

Ford Confirms 1400 Job Cuts In North America, Asia

A Ford spokesperson, who declined to comment on the reported layoffs, said in a statement that the company is focused on "strategic priorities that will create value and drive profitable growth ", including investing "aggressively, but prudently" in new opportunities.

Business

Spirit Realty Capital, Inc (SRC) Announces Earnings Results

The share price of the company (NYSE:SRC) was down -0.14%, with a high of 7.32 during the day and the volume of Spirit Realty Capital, Inc. shares traded was 11492078. It has underperformed by 52.90% the S&P500. Jane Street Group LLC raised its stake in shares of Spirit Realty Capital by 389.0% in the third quarter.

Business

British parliament closes to visits after Manchester attack

She said he had been known to security forces "up to a point". Mr Patel, who works opposite the family home in Tarleton, Lancashire, also spoke of the horror faced by Saffie's dad Andrew as he arrived at Manchester Arena to collect his daughter.

Business

Ariana Grande's mother ushered fans to safety after Manchester attack

The UK police have identified a man they suspect of having perpetrated the attack, 22-year-old Salman Abedi. A male relative of Abedi's told the Sun that he had seen him approximately ten days before the attack looking "happy, relaxed and smiling".

Business

USA places Venezuela Supreme Court justices on sanctions list

The US has imposed new sanctions on Venezuelan officials for alleged human rights abuses . " President Trump has made clear that the US will not tolerate bad actors that exist in Venezuela under President Maduro", they added. It said the National Assembly was in contempt. Venezuela President Nicolás Maduro took control of the country's National Assembly in March with the help of a ruling by the nation's Supreme Court that nullified the legislative branch.

Business

Chelsea edges Watford in seven-goal thriller

I'll sit down and consider it with my family, whether that [offer is] here or overseas or wherever that may be. "Genuinely I have not made any decisions of yet and I am evaluating all my options at the moment". It is something I really appreciate and I work a lot. From Willian's right-wing corner, Kurt Zouma headed the ball against Terry, who reacted sharply to hook the ball in off the left-hand post for his first goal since January a year ago.

Business

Former US representative Anthony Weiner pleads guilty in sexting case

The New York Post reported that Weiner had sent sexual messages along with the alleged photo to an unidentified woman in 2015. He held a commanding lead in the Democratic primary race as late as June 2013, until more, newer relationships came to light.

Business

Banco Santander-Chile (BSAC) Receiving Very Favorable News Coverage, Report Shows

Banco Santander, S.A. P/E (price to earnings) ratio is 13.24 and Forward P/E ratio of 13.77. Citigroup Inc reaffirmed a buy rating on shares of Banco Santander, in a report on Thursday, February 9th. Banco Santander, ( BME:SAN ) opened at 6.58 on Monday. If you are viewing this piece on another publication, it was illegally copied and republished in violation of US and global copyright laws.

Business

China just got its first credit downgrade since 1989

OPEC FOCUS: The OPEC oil cartel and other producers, notably Russian Federation, are this week expected to extend last year's production cut in a concerted attempt to prevent oil prices from falling. In March 2016, Moody's revised down China's sovereign rating outlook to "negative", but China's economic performance turned out to be much better than projected.

Business

Trump, Abbas Discuss Ways to Make Progress in Israeli-Palestinian Talks

But the Trump family's visit to the wall once again highlighted the issues raised by groups such as Women of the Wall, prompting concerns that Melania and Ivanka Trump would shun tradition in order to pray with the president. A one-state-solution, one that would aim at finding that elusive land of Peacerael, however, would demand political sea changes from Israelis and Palestinians alike.


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