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Amtrak names former Delta executive as next CEO

As co-CEO, Moorman will remain in charge of Amtrak's ambitious, summer-long effort to fix years of deferred maintenance at its busiest hub, New York's Penn Station . Anderson retired as Delta's board chairman last October, five months after stepping down as CEO and handing the Atlanta-based airline's reigns to Ed Bastian.

Business

AAA: Summer begins with lowest gas prices in 12 years

Motorists should be on the look out for $2 a gallon gasoline, because even as the Fourth of July holidays approach, it's nearly here. "It's unbelievable (that) we're staring at some of the cheapest prices of the year as the holiday comes into view", DeHaan said.

Business

New study of Seattle's $15 minimum wage says it costs jobs

In particular, to avoid confusing establishments that were subject to the minimum with those that were not, the authors did not include large employers with locations both inside and outside of Seattle in their calculations. Seattle locals have their own take on how the $15 wage is working out. And that was during an economic boom time, when you would expect earnings to go up.

Business

Co-op Bank discontinues sale process amid rescue deal hopes

The Co-operative Group now only owns a minority stake in the bank. In March, the Co-op Bank said it would require between £700m and £750m of new top quality capital, the majority of which would be generated by exchanging some of its debt for equity - a process known as a liability management exercise.

Business

Under investigation, SeaWorld subpoenaed for executives' comments on 'Blackfish' doc

The company says it "has cooperated with these government inquiries and intends to continue to cooperate with any government requests or inquiries". Now, both the Department of Justice and Securities and Exchange Commission will also look at trading in the company's securities before and during August 2014.

Business

Morgan Sindall Group PLC (MGNS) Insider Sells 13174 Shares of Stock

The Firm operates through two divisions: Citicorp and Citi Holdings. It has a 9.11 P/E ratio. The Company's divisions include Investment properties and Developments. King Luther Cap Mngmt accumulated 132,895 shares. Park Circle Commerce, Maryland-based fund reported 1,418 shares. This was disclosed in analysts report on Friday morning.

Business

Air bag recalls, lawsuits lead Takata to file for bankruptcy

Japanese air bag maker Takata Corp . on Monday filed for bankruptcy protection, as part of a restructuring scheme to restore its business batte. Takata's inflators can explode with too much force when they fill up an air bag, throwing out shrapnel.

Business

Elizabeth Wettlaufer to be sentenced Monday in senior murders

Wettlaufer is expected to also be sentenced for four counts of attempted murder and two counts of aggravated assault with sentences that would be served at the same time as her life term. A former nurse from Woodstock who murdered eight elderly patients has been sentenced to life in prison. Crown prosecutors have said they are proposing a joint submission with the defence on sentencing.

Business

Camden Tower Block Evacuation Gave Resident Breakdown, She Tells LBC

Cladding samples from 60 high-rise buildings in 25 local authorities across the country have failed fire safety tests ordered after the tragedy. The apartments were evacuated overnight after fire inspectors concluded that the buildings, in north London's Camden area, were unsafe because of problematic fire doors, gas pipe insulation, and external cladding similar to that blamed for the rapid spread of a fire that engulfed Grenfell Tower on June 14.

Business

Italy giving 5.2B euros in resources to keep 2 banks open

Padoan said about 4.8 billion euros would be set aside immediately to "maintain capitalisation" of retail bank Intesa Sanpaolo , which had made that a condition of any cooperation. The Italian government would provide state guarantees worth up to €12 billion to cover potential losses at the "bad" bank, Pier Carlo Padoan , the finance minister, told reporters in Rome.

Business

SpaceX launches 10 satellites from California air base

Little by little, SpaceX manages to break new ground for itself with each successive launch. After launching as scheduled from the Vandenberg Air Force Base in California at 1.25 pm local time (2025 GMT), the Falcon 9's first stage returned less than eight minutes after taking off.

Business

Narendra Modi: India PM talks tough on terror ahead of Trump meeting

We will bring you the live coverage of this historic meet as it happens. Highlighting his achievements in rooting out corruption, Prime Minister Narendra Modi said that there has been "not even one taint or blot" on his government in the past three years.

Business

Puerto Rico gov upholds statehood in vote hit by boycott

In 2012, around 1.8 million people voted - a turnout of 77.5% - but State Electoral Commission figures show that just 518,000 people (or 23% of eligible voters) voted in Sunday's referendum. Should Puerto Rico be admitted to the union if a representative majority of its residents vote for it? Of those who did vote, 97 percent of voters were in favor of statehood.

Business

Shanghai's Joyson Electronic steps in to save bankrupt airbag firm Takata

TK Holdings, its USA operations, filed Chapter 11 bankruptcy in DE on Sunday with liabilities of $10-billion to $50-billion, while the Japanese parent filed for protection with the Tokyo District Court early on Monday. His family - which still has control of the 84-year-old company - likely would cease to be shareholders. "We're in a very hard situation, and we had to find ways to keep supplying our products", said group president Shigehisa Takada.

Business

US Treasurys Pull Back as Investors React to Fed Signals

The Federal Reserve interest rate decision met market expectations with a further 0.25% increase in interest rates to 1.00-1.25% and the second rate increase on 2017. Yes, a complex situation is coming our way. While the territory effectively imports USA monetary policy due to its currency peg, local banks have been reluctant to pass on higher rates to customers amid fierce competition for mortgages - heightening a property boom, as well as fueling depreciation in the Hong Kong dollar.

Business

US durable goods orders fall 1.1% in May vs 0.6% drop expected

Ex-transportation orders had been expected to rise by 0.5 percent. Durable goods orders, stripping transportation, increased modestly 0.1 percent in May. US futures markets pointed to a higher opening for the Dow Jones Industrial Average. Still, other recent data suggests manufacturing has stumbled after a strong winter.

Business

Airbag giant Takata files for bankruptcy

Takata has made a decision to sell its business to US auto parts maker Key Safety Systems Inc., owned by Chinese company Ningbo Joyson Electronic Corp. Honda said it will continue talks with the supplier but anticipates difficulties in recovering the bulk of its claims. Yes. Automakers are ultimately responsible for the safety of their vehicles, and they have been funding the recalls.

Business

Whole Foods CEO literally 'dreamed' about Amazon merger

The stores could also help the e-retailer solve the last-minute challenge related to its deliveries - as online shoppers will be able to pick up their orders from Whole Foods shops. They're not playin' a bunch of BS games. Mackey's excitement was met with applause from the crowd of Whole Foods employees. We're gonna - we're gonna - we're gonna import their passion about that.

Business

Watching the Tape Move for Jaipan Industries Ltd

Facebook Inc (NASDAQ:FB) has risen 26.75% since June 23, 2016 and is uptrending. It has outperformed by 27.73% the S&P500. Among 7 analysts covering Pan American Silver Corp. 13 are held by Comml Bank. Smithfield invested 0.02% in Equinix, Inc. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company.

Business

Buffett's company buys 10 pct of real estate investment firm

Store is a Scottsdale, Arizona-based real estate investment trust whose portfolio includes more than 1,750 properties in 48 USA states.Its specialties include sale-leaseback transactions, where owners sell properties and lease them back, freeing up sale proceeds to invest elsewhere.

Business

Southwest flight diverted after woman attempts to open door

The unruly woman was seen in the LAX terminal prior to the flight and it is reported she had a few outbursts even before boarding the plane. "Some things with the government - personal and political", said Franklin. A Cleveland ISD police officer, Pamela Michew, was on board the flight and was traveling with her children from Sacramento. "She was definitely a hero for us", said Sanchez.

Business

Pandora CEO Tim Westergren To Exit

June 25 Music streaming service Pandora Media Inc's founder and chief executive, Tim Westergren , plans to step down, Recode reported citing people familiar with the company's plans. Pandora was a vanguard of music streaming with its digital version of radio, but it has lost steam in the last five years to faster-growing rivals like Spotify and Apple Music .

Business

Shore Capital Reiterates "Buy" Rating for Conviviality PLC (CVR)

Finally, Goodbody raised J D Wetherspoon plc to a "buy" rating and lifted their target price for the company from GBX 975 ($12.42) to GBX 1,095 ($13.95) in a report on Thursday, March 23rd. The stock's 50 day moving average price is GBX 275.34 and its 200 day moving average price is GBX 277.25. Robusto Dino had bought 12,000 shares worth $502,080 on Tuesday, February 21.

Business

Travis Kalanick Has Resigned His Role As Uber CEO

That was cast as adult supervision for Kalanick as the company tried to end a crisis over sexual harassment allegations and other wrongdoings. According to CNBC, five of Uber's major investors - venture capital firm Benchmark, First Round Capital, Lowercase Capital, Menlo Ventures, and Fidelity Investments - asked Kalanick to resign immediately.

Business

Airbag-maker Takata files for bankruptcy in Japan, US

At the time, the defective air bags were linked to at least 16 deaths, including 11 in the U.S. Takata's president Shigehisa Takada told reporters in Tokyo that with the company rapidly losing value, filing for bankruptcy protection was the only way it could carry on.

Business

The Hain Celestial Group, Inc. (HAIN) Shares Gap Down Following Weak Earnings

They are return on equity and return on assets. In this case, shares are down -11.15% from $14.98, the 52-week high touched on March 28, 2017, and are keeping their losses at 26.88% for the past 12 months. A rating of 5 would indicate a Strong Sell recommendation. The rating was maintained by UBS with "Buy" on Friday, January 6. (NASDAQ: HAIN ) might see muted action given an ABR of 2.5 or Hold rating.

Business

Astros hit 3 HRs, finish winning trip by beating Seattle 8-2

The umpires then called Haniger out, saying the play stood. Hernandez is the Mariners all-time career leader in wins (156), starts (364), quality starts (242), innings pitched (2442.1) and strikeouts (2286). Two runs scored, but Haniger was thrown out at the plate on a strong relay throw from shortstop Correa. Trying to score from first, Mitch Haniger was ruled out at the plate.

Business

Oil in Global Economy Series: OPEC May deal compliance review

Following a precipitous drop toward the May 5 low last week, analysts warned that WTI's next stop could be $42.20 a barrel, a level not seen since mid-November. The news underscored the market's ongoing struggles with weak gasoline demand in the United States, the world's top consumer of the motor fuel, and rising production, especially from US shale drillers.

Business

Are there more road deaths in places where marijuana is legal?

Naturally, proponents of marijuana legalization - that is, proponents of marijuana - question the methodology of the study. A study published a year ago in the same journal reported that the enactment of medical marijuana legalization laws is associated with a reduction in traffic fatalities compared to other states , particularly among younger drivers.

Business

Legal & General Group Plc (LGGNY) Analyst Recommendation

About shares traded. Parker-Hannifin Corp (NYSE:PH) has risen 44.23% since June 23, 2016 and is uptrending. Ct Mason owns 58,310 shares or 1.39% of their USA portfolio. Susquehanna Int Limited Liability Partnership owns 16,240 shares. Dekabank Deutsche Girozentrale holds 19,200 shares or 0.01% of its portfolio. Prentiss Smith has 209 shares for 0.01% of their portfolio.

Business

AB de Villiers to decide future in August

A demotivated South Africa will be very keen to forget the three limited-overs legs of this tour as they look ahead to an all-important Test series. They will be without their in-form batsman Jonny Bairstow for the encounter as he has been released for his Yorkshire duties which might mean an opportunity for Dawid Malan .

Business

A look at Takata's bankruptcy and air bag recalls

Japanese air bag maker Takata Corp. filed for bankruptcy protection in Tokyo and the USA on Monday, saying it was the only way to ensure it could carry on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people.

Business

Oil rises, but United States drilling drags

The increase in US drilling activity and shale production has mostly offset efforts by OPEC and other producers to cut output in a move to prop up the market. US energy firms added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2014, according to data from energy services firm Baker Hughes Inc.

Business

'Mann Ki Baat': Modi recalls Emergency as darkest time

Foreign investors too have been eagerly looking forward to the rollout of the single pan-India GST , which will replace the existing myriad central and state levies on both goods and services. Besides, Mariott International chief Arne Sorenson, Johnson & Johnson's Alex Gorsky, MasterCard's Ajay Banga, Warburg Pincus' Charles Kaye and Carlyle Group's David Rubenstein also attended the session at the Hotel Willard Intercontinental in Washington ahead of Modi's summit meet with President ...

Business

3 people dead in Mississauga crash, 3 in hospital

ET. A four-year-old and 12-year-old traveling in a vehicle with three other passengers were transported to hospital but later died. One adult, believed to be the only person in one of the two vehicles, was pronounced dead at the scene. "It would be a Sunday night pretty close to a fairly popular complex for entertainment". Winston Churchill Boulevard remained closed in all directions at the QEW overnight because of the fatal crash but all lanes were expected to reopen by 6:30 a.m.


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