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Business

At least 26 hurt as China Eastern flight hits turbulence

Passengers are being treated for bone fractures, scalp lacerations and soft-tissue injuries caused by falling baggage or collisions with overhead lockers, it cited local hospitals as saying. "The process lasted about 10 minutes", the agency quoted a slightly injured passenger surnamed Zhang as saying. "We were lucky the plane did not crash".

Business

Japan Has Surprise Trade Deficit in May on Energy Import Jump

The May deficit is "mainly because of a rise in imports, reflecting Japan's resilient economy ", Minami said. The 14.9 percent annual increase in exports in May was the biggest rise since January 2015 and almost twice the pace seen in April, though it was below analysts' expectations of 16.1 percent.

Business

Amazon Announces Plan To Buy Whole Foods For $13.7 Billion

Before Friday, when Amazon announced the blockbuster acquisition of the grocery retailer, the company's next most-lucrative deal was its purchase of video game streaming site Twitch for a reported $970 million in 2014. Whole Foods has posted seven straight quarterly sales declines at established stores and recently overhauled its board of directors in the face of pressure from activist hedge fund Jana Partners LLC.

Business

Stocks pressured by report on Trump probe, Fed hike, soft U.S. data

In the 12 months through May, the index rose 1.9 percent. Stocks were also weighed down as Brent crude remained under 47 USA dollars a barrel, down another 0.1% at 46.84 U.S. While the increase reflects renewed confidence in the United States job market and the wider economy, some critics remain concerned the current level of inflation still isn't high enough to justify the decision.

Business

White House defends Trump over lawsuit on violation of anti-corruption rules

However, the case from two Democratic attorneys general could stand a better chance in court as the first government action over allegations that Trump , a Republican, violated the constitution's so-called emoluments clause . The suit says that hotel payments, tax breaks, and permits all count as domestic emoluments received by Trump, according to CNN Money . "We can not treat the president's ongoing violations of the constitution and his disregard of the rights of the American people ...

Business

In Britain : 'Sombre' country prepares for historic Brexit talks

The Chancellor told BBC One's Andrew Marr Show: "What we put in place may not be a single arrangement that endures forever, it may be an arrangement which lasts for a couple of years as a temporary measure before we get to the long-term agreed status quo".

Business

Trump hints at major jobs announcement for Wisconsin

The biggest change: Trump will "direct the Department of Labor to allow companies, trade associations, and union to develop their own "industry-recognized apprenticeship" guidelines, which the Department of Labor will review for quality and then approve".

Business

Donald Trump says he is victim of a huge witchhunt

Mr Robert Mueller , the special counsel named by the department to investigate the Russian Federation matter, is now examining whether Mr Trump or others sought to obstruct the probe, a person familiar with the inquiry said on Thursday.

Business

Asa Resource Group PLC's (ASA) "not rated" Rating Reaffirmed at Shore Capital

Close Brothers Group plc (LON:CBG) has 0.00% since June 16, 2016 and is. Therefore 65% are positive. The stock of E I Du Pont De Nemours And Co (NYSE:DD) earned "Neutral" rating by Credit Suisse on Wednesday, January 27. Numis Securities Ltd raised Pets at Home Group PLC to a buy rating and set a GBX 200 ($2.53) target price for the company in a research report on Thursday, May 25th.

Business

Anthony Rizzo Continues Surge as Cubs Romp to Win Over Pirates

Four of those runs belong to Nicasio, who blew a chance for his second career save. Rivero worked a ideal ninth to give the Pirates a boost following their meltdown the night before. Chicago Cubs manager Joe Maddon was ejected from Friday's game against the Pittsburgh Pirates after leadoff hitter Anthony Rizzo hit a ball over the fence that was ruled foul by the umpires.

Business

Oil sits near half-year lows as global supply overhand weighs

Canada's oil-sands will increase production rapidly in the next three years, ranking only behind US shale as the biggest contributor to global supply growth. Natural gas futures for July delivery tacked on 0.4 cents to $2.937 per million British thermal units, as traders looked ahead to weekly storage data due later in the global day.

Business

March against Islamic law, counter-protest draws a crowd in Lansing

The Minnesota chapter of the Council on American-Islamic Relations (CAIR-MN), among other groups, helped to organize a counter protest . It says it condemns bias against religious groups and is "proud to stand shoulder to shoulder with peaceful Western Muslims as well as peaceful Muslims worldwide".

Business

Growth worries push stocks lower, Fed hike lifts US dollar

United States stocks mostly fell while the dollar cut its losses on Wednesday after the Federal Reserve delivered a widely expected U.S. interest rate hike. The Fed expects the rate to increase and stabilize around 2% during the next couple of years. Sterling weakened 0.3% to $1.2717 before a Bank of England (BoE) policy decision expected to leave interest rates at record lows.

Business

Mexico snatch dramatic late leveller to deny Portugal victory

A giant screen reports a VAR incident is being reviewed during the Confederations Cup , Group A soccer match between Portugal and Mexico , at the Kazan Arena, Russia , Sunday, June 18, 2017. Portugal believed they had grabbed the lead in the 20th minute through Pepe only for the Video Assistant Referee to deem it to have been offside after a brief consultation with the man in the middle.

Business

Microsoft won't be making any money on the Xbox One X

Like most consoles before it, The Xbox One X will be a loss leader, with Microsoft taking a hit on the hardware, so they can make it up later on software sales. We didn't get get any hint on how numerous original Xbox games would be coming to the program, but Spencer said to Giant Bomb after the show that "It won't be as big as Xbox 360, I'll tell people that".

Business

Russian Federation inquiry: Vice-President Pence hires lawyer

Bush. In May, President Donald Trump hired lawyer Marc Kasowitz - who a year ago represented the Trump campaign and has previously represented Trump personally - to serve as the president's attorney for investigation-related issues.

Business

Morocco To Send Food To Qatar Amidst Gulf Diplomatic Crisis

Erdogan said that it was Qatar , alongside Turkey, which had been fighting Islamic State (IS, formerly ISIS/ISIL) extremists the most. "Qatar has shown the most decisive stance against the terrorist organisation Islamic State alongside Turkey".

Business

Amazon's Acquisition of Whole Foods to Impact North Texas

Amazon , started in Seattle in 1994 by former hedge fund manager Jeff Bezos , has grown into the world's biggest diversified online retailer, with a market capitalization of almost $500 billion. It could have built up its groceries business without acquisitions, said Neil Saunders, managing director of GlobalData Retail, but that would have been costly and time-consuming.

Business

Verizon Acquires Yahoo! for $4.48 Billion

In a message, Mayer outlined a long list of developments at the company under her tenure, and said she was "brimming with nostalgia, gratitude and optimism" in spite of her departure. Former Yahoo! CEO Marissa Mayer has chosen to walk away from the business and will receive a hefty $23 million (R290 million) golden handshake. The downside to the deal is that around 2 000 Yahoo! and AOL jobs will be cut, with retrenchments set to begin as early as Wednesday.

Business

Jefferies Group LLC Reaffirms Buy Rating for Zpg Plc (ZPG)

It has a 62.82 P/E ratio. The Firm operates through two divisions: Flight Support and Aftermarket Services. Investors sentiment increased to 2.25 in 2016 Q4. The rating was maintained by Barclays Capital with "Overweight" on Friday, August 7. As per Monday, April 18, the company rating was maintained by Jefferies.

Business

Oil prices drop as Libya reportedly increases production

Benchmark Brent crude futures LCOc1 were trading at $49.67 a barrel at 0849 GMT, down 96 cents from the previous close. U.S. West Texas Intermediate crude CLc1 futures were up 40 cents, or 0.8 percent, $48.72 a barrel. But Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance, said the US decision to walk away from the climate agreement was not likely to impact oil markets.

Business

Maryland, DC sue Trump for accepting funds without congressional approval

For example, federal judges in Texas ruled the state had standing to sue the president because it would spend more money if more immigrants sought drivers licenses. The emoluments clauses were included in the Constitution to shield and prevent the president from benefiting from outside influence and ensure that he works in the nation's interest rather than in his personal financial interest.

Business

India ready for GST, anti-profiteering rules soon - Adhia

While Union Finance Minister Arun Jaitley , making these announcements, said India does not have the "luxury of time" to defer implementation of the new indirect tax regime, stakeholders hailed the Council's decision to give the initial two-month relaxation in filing of returns.

Business

Killing of 6 cops an act of 'cowardice': Jaitley

After Sabzar Ahmad Bhat, a close associate of Burhan Wani, was killed in an encounter on May 27, Mattoo is the second big success for Indian security forces. During the attack some policemen also sustained serious bullet injuries and were rushed to a nearby hospital. J&K DGP S P Vaid termed Junadi's killing as a major achievement for forces and a jolt for Lashkar.

Business

Govt to allow late return filing in first two months of GST

Companies would be able to file simplified, aggregate returns in July and August, with a deadline of the 20th of the following month, said Hasmukh Adhia, a finance ministry official steering the launch of the tax. "We don't have the luxury of time to defer GST implementation", Jaitley made it clear. The GST Council will meet again on June 30, the eve of the launch, Mr Jaitley said.

Business

Amazon To Buy Upmarket Grocer Whole Foods For US$13.7b

As Recode smartly pointed out, the deal won't just give Amazon control of a major grocery chain, it will also give the ecommerce giant access to " more than 400 stores to use as delivery hubs ". "The checkout-free experience in Go is not yet ready for prime-time as it is still only being beta-tested by AMZN employees, but we believe the Go technology could be rolled out to physical retail, including Whole Foods , over time ".

Business

United Kingdom plans to offer "very generous" terms for European Union citizens after Brexit

After failing to secure a parliamentary majority in a national election last week, May's conservatives are in coalition talks with a small, far-right, protestant Northern Irish party, Democratic Unionist Party (DUP). Hammond, who reportedly supports the U.K.'s membership of the free-tariff market, told the press that the priority for the talks is protecting jobs .

Business

'Trump is considering firing Mueller as special counsel'

When asked about the interview by CNN, Ruddy said: "My quote is accurate". Deputy Attorney General Rod Rosenstein is on Capitol Hill today at 10 a.m. Comey , whom Mr. Trump unceremoniously sacked, which could color his views on the president and his circle. A big no: Rosenstein himself testified before a Senate panel on Tuesday and was asked a simple question by Democratic Sen.

Business

RT Ruptly Producer Attacked in London During Protest Over Grenfell Tower Fire

As the camera enters the inside of Grenfell Tower , the floor is visibly flooded after firefighters battled for hours to douse the blaze. There is simmering anger in the multi-ethnic north Kensington area hit by the blaze, and public fury has been directed at senior government figures, including May, who was jeered Friday after she visited the fire community.

Business

US Navy ship collides with merchant ship off Japan

The Navy says the remains are being transferred to Naval Hospital Yokosuka where they will be identified. Bryce Benson, who was reported to be in stable condition, the Navy said. The Philippine ship is 29,060 tons and is 222 meters (730 feet) long, the coast guard said. The USS Fitzgerald hit a container ship on Saturday. Japanese news agency NHK reported, citing the coast guard, that in addition to seven missing USA sailors, one was injured in the crash.

Business

Energy Transfer Equity LP

Castleark Management Limited holds 0.02% of its portfolio in Energy Transfer Equity LP (NYSE: ETE ) for 32,100 shares. It has underperformed by 22.30% the S&P500. Waddell And Reed Financial holds 0.05% or 329,170 shares in its portfolio. Jane Street Grp Incorporated Ltd Limited Liability Company reported 13,927 shares stake.

Business

Omega Advisors Inc. Acquires 6067100 Shares of Zynga Inc. (ZNGA)

Several other institutional investors have also modified their holdings of the company. In a June 8 note to investors, MS analyst Brian Nowak upgraded his rating on Zynga to "overweight" from "equal weight" and boosted his price target on the stock to $4.50 from $3.00.

Business

General Electric Company (GE) CEO Immelt Suddenly Steps Down

I am privileged to have spent the last 16 years at the company working for Jeff, one of the greatest business leaders of our time. "We can weather the cycle in the short term and we will be very well positioned to lead the industry going forward", said Immelt at the time.

Business

DIONNE: Gutting health care in the dark

The details of the Republican-backed bill is still a mystery; and, many Medicaid patients are anxious that the bill will slash state funding by millions of dollars. "'We don't have languague", Ernst said. McConnell can only lose three votes to pass the legislation, so any wavering on the bill by GOP members could doom it.

Business

Puerto Rico Election Shows Voters Favor Statehood

But despite the clear "Yes" vote to join the USA, the plebiscite only registered a 23 percent turnout of 2.25 million eligible voters. Among those hoping Puerto Rico will become a state is Jose Alvarez, a 61-year-old businessman. Appropriately, the governor's political party is called the New Progressive Party. They now do not cast votes for the presidency. Rosselló contested the commission's figures, telling CNN the electorate was 1.6 million - meaning turnout was 33%.


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