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Business

House Passes Bill to Rein in Obama-Era Wall Street Regulations

That law, passed with nearly no Republican support, was the biggest overhaul of financial regulations since the Great Depression and one of President Barack Obama's signature accomplishments. President Donald Trump's promise to loosen post-financial crisis regulations by dismantling Dodd-Frank is making headway. "Today's passage of the Financial CHOICE Act is a bad decision by the House of Representatives ", left-leaning think tank Economic Policy Institute said of the vote.

Business

Scalise Moved Out Of Intensive Care Unit

A Nebraska Democratic Party official was sacked Thursday, after a recording caught him saying he was glad Scalise had been shot and wished he died. Special Agent David Bailey and Rep. The FBI did not specify which six lawmakers were named. The night before the shooting, Hodgkinson looked up driving directions from Alexandria back to his home in Belleville and also did a Google search for the "2017 Republican Convention", according to online searches reviewed by investigators.

Business

Tatas better candidate if Air India is privatised: Sunil Mittal

The carrier's founder, the Tata Group , is believed to have held preliminary and informal talks with senior members of the Narendra Modi government to buy back the airline, or the Maharaja as its often called. If the deal comes through, it would be a homecoming of sorts for Air India, which was originally owned by the Tata Group before being nationalised in 1953.

Business

Why the ECB Closed the Door on Further Rate Cuts

Mr. Draghi said policy makers had removed "some of our easing biases" because the risk of severe setbacks that could lead to deflation had been eliminated. This is down from the forecasts released in March, which saw inflation reaching 1.7% in 2017, 1.6% in 2018 and 1.7% in 2019. Core inflation was 0.9 per cent, down from 1.2 per cent previously.

Business

GOP Health Bill: Senate Leader Faces Battle for Support

Several members of New Hampshire's Democratic congressional delegation condemned the Senate Republicans' health care bill , calling it heartless and devastating to the state's residents. Sen. Dean Heller , R-Nev., facing a tough re-election fight next year, said he had "serious concerns' about the bill's Medicaid reductions". Second, both bills prohibit the individual tax subsidies mentioned above from paying for insurance plans that cover abortion procedures (whether the insured gets ...

Business

European Central Bank seeks greater power over clearing supervision

This would essentially give it powers over London's massive euro clearing market, monitoring and addressing perceived risks associated with clearing that could affect its monetary policy , the operation of payment systems and the stability of the euro.

Business

Former UMass Captain Wins Stanley Cup with Pittsburgh

Pittsburgh Mayor Bill Peduto says there will be a victory parade for the Stanley Cup champion Penguins, but plans for the event are still being developed. Penguin's captain Sidney Crosby was awarded the Conn Smythe Award as MVP of the playoffs. "I don't know", Cullen said. It ends the deepest playoff run in Predators history.

Business

Vladimir Putin gave direct instructions to help elect Trump, report says

In a recent tweet, Trump asked a question that only the nearly year-long investigation can provide answers to. "Why didn't they stop them?" Trump's alleged ties to Russian Federation have received so much attention, including investigations by a special counsel and two congressional committees, that the adequacy of the Obama administration's response has largely escaped scrutiny.

Business

Extreme heat forces flight cancellations in southwestern US

Extreme heat causes the air to thin, which makes it harder for airplanes to take off and land safely, mainly smaller jets . "Temperatures will pretty much stay in the 110-115 range for the next coming week", she added. The record high was 122 degrees, recorded June 26, 1990. The prediction for Phoenix on Tuesday is 120-degrees, a mark hit only three times in history.

Business

Four GOP senators to oppose current Republican health care bill

This was created to address several problems, including the possibility that people would purchase coverage only when they got sick. Medical coverage for multiple conditions - including maternity care and mental health - would not be required after 2019, with states having control regarding what is covered.

Business

Amazon Buys Whole Foods For $13.7 Billion, Workers Will Now Be Robots?

But shoppers could start to grow more comfortable buying, and Amazon sees the grocery business as a hot market because shoppers buy weekly or even more often for items they run out of. Amazon has been dipping its toes in groceries since it launched its Amazon Fresh delivery service a decade ago in Seattle , and expanded it to California, New York, and the Philadelphia area.

Business

Turkish military base in Qatar exclusively internal issue of sides

According to the document seen by AP, Qatar is being asked to shut down diplomatic posts in Iran, expel any members of Iran's elite Revolutionary Guard and only conduct trade with Iran that complies with USA sanctions. "There are no IRGC (Iranian Revolutionary Guard Corps) elements in Qatar and the agreement with Turkey is a long-standing diplomatic agreement so we can not ask them to leave".

Business

Turkish exports to Qatar triple during Gulf crisis - trade minister

Qatar - which has always been accused of supporting terrorist groups - was also asked to sever ties with terrorists, ideological and sectarian organisations including the Muslim Brotherhood , Isis, Al-Qaeda, Hezbollah and Jabhat Fateh al Sham.

Business

New homes sales rebounded 2.9 percent in May

The rebound in sales in May had been expected following the big drop in April. Sales were up 8.9 percent on a year-on-year basis. Economists polled by Reuters had forecast new home sales, which make up about10 percent of all home sales, rising 5.4 percent to a pace of 597,000 units last month from the previously reported rate of 569,000 units.

Business

Pelosi confident of her caucus' support

Wednesday, Pelosi wanted to spend her weekly press conference slamming the Republicans Senate health bill. "The House remains in play now". Pelosi had abjured critics by touting her accomplishments Thursday, saying, "Well, I'm a master legislator".

Business

Analytical Overview of Newell Brands Inc. (NWL)

The stock has a market cap of $25.15 billion, a P/E ratio of 22.09 and a beta of 1.13. The stock volatility for week was 1.83% while for month was 1.45%.The stock, as of last close, traded 21.05% to its 52 week low and was changed -5.19% from its 52 week high.

Business

The Ritz-Carlton enters into luxury yachting, cruises

The firm says that its itineraries will feature "intimate and signature destinations" in gentler climates - the Mediterranean, Northern Europe, the Caribbean and Latin America. The yachts will also have a signature Ritz-Carlton Spa, as well as a Panorama Lounge and a wine bar. While home ports for the ships have not yet been announced, booking will begin next May.

Business

Trump and Republicans don't want Nancy Pelosi to go

The leadership of the House Democratic Caucus tried to put the best face on Tuesday's special election losses in Georgia and SC by saying they're making progress, and the GOP victories were much more narrow than in the past. In Pelosi's case, the former Speaker of the House managed to get Obamacare through a rigorous process of debate and sunshine, and then got it passed by keeping the Democratic caucus unified.

Business

Barnes & Noble Education Inc (BNED) Analysts See $0.20 EPS

Ser holds 0% or 450 shares in its portfolio . Barnes & Noble, Inc.is now trading 2.71% above its 20-day and -29.89% versus the 200-day simple moving averages while -9.65% compared with its 50-day simple moving average. JA Solar had 8 analyst reports since August 12, 2015 according to SRatingsIntel. As per Wednesday, October 7, the company rating was initiated by Cantor Fitzgerald.

Business

United States Steel Corporation (X) Upgraded to "Hold" at Citigroup Inc

A number of analysts have recently issued reports on TMST shares. United States Steel Corporation now has an average rating of "Hold" and an average price target of $29.49. Stockholders of record on Wednesday, May 10th were issued a $0.05 dividend. Strs Ohio reported 40,100 shares or 0% of all its holdings. Currently, MGIC Investment Corporation net profit margin for the 12 months is at 34.1%.

Business

Iraq PM: Mosul liberation to be announced in few days

The ancient minaret known as "Al-Hadba" (Hunchback) lies next to the Nuri mosque and was the most loved and recognisable landmark in Mosul , sometimes referred to as Iraq's Tower of Pisa. Members of the Islamic State ( ISIS ) have reportedly destroyed the Great Mosque of al-Nuri, a medieval Islamic religious institution in Mosul .

Business

Senate Health Care Bill Shows GOP Has Learned Nothing

One group of senators says the plan doesn't go far enough in being fiscally conservative . Collins called the Medicaid piece "the most significant budget move for counties ever" and said that it would fix and stabilize county finances for the next 50 years.

Business

House votes to undo key parts of Dodd-Frank financial reform law

The almost 600-page bill passed with a party-line vote of 233 to 186. It was authored by House Financial Services Committee Chairman Jeb Hensarling , R-Texas, and gives banks a choice between complying with Dodd-Frank or holding onto more capital.

Business

Arab States Send Qatar 13 Demands to End Crisis, Official Says

Qatar has 10 days to comply with all demands , which include paying an unspecified sum in compensation , failing which the list becomes "void", the official said without elaborating. "We are mystified", Nauert said, adding that "at this point we are left with one simple question: Were the actions really about the concerns regarding Qatar's alleged support for terrorism or were they about the long-simmering grievances between and among the GCC countries?" - Cut ties to terrorist ...

Business

The Patterson-UTI Energy, Inc. (PTEN) Shares Sold by M&T Bank Corp

Patterson-UTI Energy, Inc. It has outperformed by 16.21% the S&P500. Aqr Capital Management Llc decreased Visteon Corp (VC) stake by 0.67% reported in 2016Q4 SEC filing. (NASDAQ:PTEN) has "Buy" rating given on Wednesday, April 5 by Nomura. The company was maintained on Friday, July 24 by Cowen & Co. ETRADE Capital Management LLC acquired a new stake in Patterson-UTI Energy during the third quarter worth about $200,000.

Business

The Guardian view on Saudi Arabia's crown prince

Prince bin Salman is also fronting Vision 2030 , he plans to diversify the economy away from its dependency on oil, and there must be a new motion with the change in the leadership, she noted. But after promoting his own son to deputize the crown prince, and now the crown, Saudi Arabia's king seem to have changed the narrative and cut off other family branches from the throne.

Business

Armed men storm Philippine village, take hostages

A Philippine Marine aims his assault rifle he and other Marines advance toward militant positions in Marawi on May 30, 2017. Gen. Eduardo Ano told The Associated Press that Malaysian Mahmud bin Ahmad reportedly channeled more than $600,000 from the IS group to acquire firearms, food and other supplies for the attack in Marawi.

Business

Sears closes another 20 stores

Sears Canada plans to close 59 stores and cut approximately 2,900 jobs under a court-supervised restructuring. Sears Holdings Corp . is closing 20 more stores, including a Sears in Chicago's Galewood neighborhood, in mid-September. Headquartered in Toronto, Sears Canada operates 225 stores in all, including 95 department stores, 65 Sears Hometown stores and 23 Sears Home stores.

Business

Wall St opens little changed as oil edges up

Analysts are expecting a 1.2 million-barrel decline. Republicans were due to release details of a bill aimed at overhauling USA healthcare law on Thursday and a vote could come as soon as next week, several senators told Reuters . According to JBS Energy, 300,000 barrels a day of production were shut in. " He waved away the recent price drop, dismissing the importance of such short-term movements in the market ".

Business

OppenheimerFunds Inc. Sells 342510 Shares of Acadia Realty Trust (AKR)

Mackie Lindsey bought $10,717 worth of stock. In related news, insider John M. Bryant, Jr. sold 20,385 shares of Healthcare Realty Trust stock in a transaction on Wednesday, May 10th. Vornado Realty Trust has had earnings per share growth of 12.30% over the past five years. Spirit Of America Management New York reported 0.27% of its portfolio in QTS Realty Trust Inc (NYSE:QTS).

Business

I don't have tapes of James Comey

In a tweet on Thursday , Trump said he had "no idea" if there were tapes and that he did not record the conversations. Meanwhile, former House Speaker Newt Gingrich speculated that President Trump may not have taped the conversations he had with Mr Comey.

Business

Schlumberger NV (SLB) Shares Sold by Everett Harris & Co. CA

Schlumberger Limited. (NYSE: SLB ) has declined 3.30% since June 21, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.The move comes after 6 months positive chart setup for the $91.48 billion company. Jefferies maintained it with "Hold" rating and $85 target in Monday, July 11 report. The company was downgraded on Wednesday, June 21 by Barclays Capital.

Business

Carnival Corp (CCL) Posts Q2 Earnings Beat, Solid Q3 Outlook

The firm bought 4,373 shares of the company's stock , valued at approximately $258,000. The Price Index 12m for Carnival Corporation (NYSE: CCL ) is 1.41036. KRUSE STEIN sold $3.16M worth of stock or 60,664 shares. Alphabet Inc was raised too. Carnival Corporation is a leisure travel company. The Price to Book ratio for Carnival Corporation NYSE: CCL is 2.093837.

Business

Analysts See $0.65 EPS for Bed Bath & Beyond Inc. (BBBY)

Telsey Advisory Group lowered their price target on Bed Bath & Beyond from $42.00 to $41.00 and set a market perform rating for the company in a research report on Thursday, April 6th. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . In related news, CEO Steven H. Temares sold 200,000 shares of Bed Bath & Beyond stock in a transaction dated Friday, April 21st.

Business

The Investors Buy High Volume of Call Options on Johnson & Johnson (JNJ)

Dynamic Advisors Solutions Llc increased Cf Inds Hldgs Inc (CF) stake by 81.72% reported in 2016Q4 SEC filing. OMC's SI was 19.32 million shares in June as released by FINRA. As per Tuesday, November 29, the company rating was downgraded by Barclays Capital. The firm has "Overweight" rating given on Tuesday, December 1 by Barclays Capital.


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