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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%.

Business

Verizon Completes Yahoo Acquisition and Launches a New Subsidiary

And Marissa Mayer , CEO of Yahoo since 2012, said Tuesday on Tumblr she would resign. "Verizon wishes Mayer well in her future endeavors", a Verizon press release published on Tuesday reads . However, the Yahoo and AOL consumer brands will remain. Verizon's goal, and the main incentive for the acquisition is to monetize on Yahoo's extensive reach, through which it hopes to compete against tech giants such Facebook Inc.

Business

Saudi rejects offer of Turkish military base amid Qatar spat

Baker III Institute for Public Policy at Rice University who has extensively studied Qatar . It had also once falsely reported that the United States was removing Malta from the countries eligible for its Visa Waiver Program. Saudi Arabia launched a campaign to isolate Qatar earlier this month, cutting diplomatic ties and imposing a blockade, which was followed by other allies.

Business

Heritage praises Trump's plans for air traffic control

He is scheduled to give remarks on the plan he'll send to Congress at 11:30 a.m.in the East Room of the White House. But Trump plans a new push with the help of House members like Shuster and Katko, members of the Transportation and Infrastructure Committee.

Business

Global shares fall on Fed rate hike, United Kingdom rate outlook

The majority of the panelists, 60 percent, expect mortgage rates to remain more or less unchanged in the coming week while 30 percent predict further declines. The Hang Seng in Hong Kong dropped 1.2 percent to 25,565.34, but Shanghai's Composite index rose 0.1 percent lower to 3,132.49. China's yuan edged up against the dollar on Thursday after the central bank set guidance at a fresh seven-month high following the US Federal Reserve's widely-anticipated rate hike .

Business

May meets Northern Irish 'kingmakers'

Ms Foster said the talks deadline remained "realistic". According to BBC , a deal between both parties was supposed to be announced on Wednesday thereby helping May form government in the United Kingdom after her party emerged as the largest party in the recently concluded elections but failed to win a majority.

Business

Could Trump's "witch hunt" tweet come back to haunt him?

Earlier this month, Rosenstein told The Associated Press he would recuse himself from overseeing Robert Mueller's investigation if his role in former FBI Director James Comey's firing becomes relevant to the inquiry. Friday's tweet marked the first time Mr Trump has publicly acknowledged he is under investigation. The former Federal Bureau of Investigation chief said it would be up to Meuller to determine whether Trump had obstructed justice.

Business

Greek PM renews call for lenders to tackle Greece's debt

Greece has been promised some form of help on its long-term debt repayments if it delivered wide-ranging economic reforms and kept a tight control on its spending. The IMF said it would propose its participation in Greece's bailout "in principle", while expecting further clarity on debt relief for the country when its present bailout programme expires next year.

Business

Harman Leads US Open After Round 3, Thomas Sets Course Record

Masters champion Sergio Garcia of Spain. Johnson, who had bullishly expected to do well on a course he believed to be perfectly suited to his game, admitted he was surprised to be out after only 36 holes. Casey took his place amongst the leading group after recovering from an early implosion that sent him plunging down the leaderboard. Casey sandwiched a pair of bogeys around his triple during a four-hole stretch of the back nine.

Business

Government says it has been "crystal clear" on approach to Brexit negotiations

There was speculation that chaos in Britain, caused by last week's shock general election outcome, would lead to Brexit negotiations being delayed. The source said talks with the small Northern Irish party were progressing well as meetings in Downing Street with all of the British province's main political leaders were taking place.

Business

Centrica PLC (CNA) Earns "Sell" Rating from Deutsche Bank AG

The stock of Genuine Parts Company (NYSE:GPC) has "Hold" rating given on Wednesday, April 19 by Jefferies. The firm has "Neutral" rating given on Thursday, January 28 by Barclays Capital. As per Friday, November 13, the company rating was downgraded by Numis Securities. The firm earned "Sell" rating on Thursday, July 23 by N+1 Singer. 09/06/2017 - Shire Plc had its "Buy" rating reiterated by analysts at Jefferies.

Business

European Union and United Kingdom officials hold 'talks about talks' on Brexit

Addressing her party on Monday after one of its most memorable electoral failures, May said she would take a broader, more consultative approach to the Brexit talks. "As we set out in the Article 50 letter, our view is that withdrawal agreement and terms of the future relationship must be agreed alongside each other", a spokesman for Britain's Brexit ministry said.

Business

United Kingdom finance minister Hammond seeks 'pragmatic' Brexit

May's Conservatives need the support of the Protestant DUP's 10 MPs to have a majority in parliament, and some have called for the government to take a cross-party approach to Brexit given May's weakened position following the election. Chancellor of the Exchequer Philip Hammond has said the government's priority as it enters Brexit negotiations should be on jobs and the economy.

Business

Federal Reserve Raises Benchmark Interest Rate

US Federal Reserve on Wednesday raised the benchmark interest rates for the fourth time since December 2015, and unveiled a plan to start trimming its balance sheet. The Fed's balance sheet unwind "beginning soon" means markets have not been given an exact target date and therefore the game continues with looming volatility in equity markets ahead of each Fed meeting.

Business

6 suspects convicted in 1993 Mumbai bomb blasts

Firoz khan was convicted under charges of conspiracy and murder under sections of IPC, TADA and Explosives Act. The court acquitted Abdul Qayyum of all charges and ordered his release "on personal bond". He is now lodged in Taloja Central Jail in Raigad. All six were found guilty of offences under the Terrorism and Disruptive Activities Act and five were also convicted of criminal conspiracy and murder.

Business

Amazon eyes big serving of USA grocery pie

On Wall Street, grocery stocks plunged on the news of the Whole Foods takeover deal. It operates approximately 456 stores in the United States , Canada , and the United Kingdom. TARRANT: As Amazon get this ramped up and pushed out, I think we'll see a lot of brick-and-mortar supermarkets closing doors in the next four to five years not unlike we're seeing in traditional retail.


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