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Trump urges India to do more to ease trade barriers

This was the first time Modi and Trump, who have previously spoken on the phone, met. Trump even highlighted their affinity for social media in the Rose Garden. The president on Monday did not specifically mention the drones or the cargo planes, but in a delegation meeting in the White House Cabinet Room Trump, flanked by his vice president and secretary of state, expressed appreciation for India ordering American defense equipment.

Business

Sort it 'face to face' like men: Hamilton tells Vettel

Under a Safety Car period during Sunday's Formula One race at Baku , race leader Lewis Hamilton seemed to slow down a bit before a restart. Hamilton was leading in Baku and on course for a crucial victory when Vettel - claiming the Brit brake-tested him by suddenly slowing - ran into his auto from behind under the safety vehicle.

Business

'Pharma Bro' defies advice to keep quiet before fraud trial

Martin Shkreli , center, the former pharmaceutical CEO who became a pariah after raising the cost of a life-saving drug 5,000 percent, is the focus of media attention as he arrives at federal court in the Brooklyn borough of NY, for jury selection in his trial.

Business

Census 2016: Milestone passed as Australia becomes more Asian than European

We can't all be CEOs but over recent decades, Australia's education standards have been reshaped. Australia remains a pretty religious country, with 60% of people reporting a religious affiliation. There was a slight increase in the proportion for secondary school students (42.1% to 42.8% in non-government schools). He said the Census had a response rate of 95.1 per cent, with 63 per cent of people completing it online.

Business

Walmart reportedly not interested in buying Whole Foods

It is less about the purchase of Whole Foods and more about Amazon's impact on the retail industry in general. Amazon said it has no plans to introduce that technology to Whole Foods, though a person familiar with the matter said the company is considering eliminating cashiers as part of its long-term grocery strategy.

Business

Oil prices slip as physical excess overpowers Opec

Specifically today came the news that production will be up more than 110,000 barrels per day by August in Nigeria and Libya , both of which are exempt from Opec supply cuts. The increased supply has been met with a "disappointing" demand for oil within the USA, analysts said. Berentsen said that unless OPEC deepened cuts or there was a large, unexpected production stoppage, prices will remain low.

Business

Fed's Williams sees gradual rate hikes as key to further U.S. growth

The Fed raised interest rates for the second time this year in June and stuck to its projection for one more rate hike this year despite the subdued inflation outlook, but investors think the pace of its tightening will be much slower than policymakers want.

Business

MA Sells 2147 Shares of BT Group PLC

QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since June 26, 2016 and is uptrending. It has outperformed by 16.47% the S&P500. Investors sentiment decreased to 0.71 in Q4 2016. Polypipe Group Plc had 53 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Wolseley plc (LON:WOS) earned "Neutral" rating by JP Morgan on Friday, March 24.

Business

Police looking for more victims of Uber driver who allegedly assaulted passenger

Investigators did not believe that Spence did anything "at this point" to make the woman unconscious, Hayes said. Surveillance video shows him taking the victim into the motel, the captain said. A spokesman for the ride-hailing company Uber released the following statement to NBC4: "No person should ever have to experience the violent act that has been reported to police".

Business

Events leading to air bag maker Takata's bankruptcy filing

American vehicle parts maker Key Safety Systems ( KSS ) will take over Takata which will sell its assets and businesses to KSS for an estimated $1.6 billion. Yale Zhang, managing director with Shanghai based auto business consultancy Automotive Foresight, described the PSAN business as "a bomb", a notorious business that no potential buyer would consider taking over.

Business

FOMC Preview: One Hike Today, One More Later In 2017

A local expert says the US rate hike could actually help Korea resolve its massive household debt problem, which topped a staggering 1.2-trillion USA dollars in the first quarter. Fed officials voted 8-1 to raise the federal funds rate to a range of 1 to 1.25 percent. Neel Kashkari dissented the rate hike. The Federal Reserve struck a familiar tone in its statement concerning interest rates, pointing out that gradual increases in interest rates remain appropriate.

Business

Two Indiana insurers left on healthcare.gov exchange

Next year's projected 17.8-percent rate increase is slightly lower than the reported increase of 19 percent last year. Gibson was speaking to me via Skype from a police van, where she being transported with other activists after they were arrested for protesting the Senate version of the American Health Care Act (AHCA), dubbed the Better Care Reconciliation Act (BCRA).

Business

NCAA Faults Louisville Basketball Program For Ethics And Oversight In Sex Scandal

As part of a number of penalties levied by the NCAA, Pitino has been suspended for the first five ACC games of the schedule for failing to realize improper behavior conducted by one of his staffers. McGee received a 10-year show cause penalty. -Andre McGee has been given a 10-year show-cause order that will keep him out of college basketball (officially) for at least a decade.

Business

Woman arrested for chopping off genitals of boyfriend

However, Ravi refused , saying his family was against it, police said. Ravi later told the police that his girlfriend's brother and sister-in-law were also present at the house, but did not intervene when he was being bobbitised . The woman and her family members had fled their house after the attack. Fortunately, neighbours spotted Ravi and called the police. "We're searching for the woman and we don't think she has left Delhi ", the officer added.

Business

Top GOP Senator Challenges Trump Arms Deals Over Qatar Crisis

As a measure to lower the terrorist threat, Qatar is expected to stop naturalization of citizens from Saudi Arabia, the UAE, Bahrein and Egypt, as well as to give out all the criminals, those countries are searching for. Among other items, the four countries demanded that Qatar shut down the Al-Jazeera television network, long a source of conflict between Qatar and its neighbors.

Business

Scott Visits Tampa, Pensacola To Tout New Appointment

Patronis also backed Scott during his initial run for governor seven years ago. We will have more details on the story on News 13 tonight at 10. "As Florida's next CFO, I want Florida to be the place where government does its job fairly and predictably so workers can find great jobs at great businesses", Patronis said.

Business

New American duties on lumber imposed

The new anti-dumping duty will overlap for about two months with average preliminary countervailing duties of 19.88 per cent announced in April that are set to expire August 27. One of the measures the Liberals had planned to implement to help B.C. lumber producers was a plan to pre-purchase lumber from them for government projects like social housing.

Business

Takata files for bankruptcy protection in Japan

While the Takata brand name will be replaced, the infrastructure still exists and will continue to ensure a stable supply of air bags. The filings have, however, not resolved all issues . The company originally began in 1933 as a textiles manufacturer. Takata also agreed to sell its global assets and operations to United States auto parts maker Key Safety Systems, owned by China's Ningbo Joyson Electronic , for approximately 175 billion yen or $1.588 billion.

Business

Supreme Court sides with same-sex couples in Arkansas suit

The decision was an extension of Obergefell v. Hodges , the 2015 Supreme Court case that led to marriage equality. Before the ruling , provisions hadn't been for same-sex parents, and in some cases, health officials refused to list a "non-biological spouse" on a newborn's birth certificate.

Business

Shell Midstream Partners, LP (SHLX) Given Daily Media Sentiment Score of

It has underperformed by 0.71% the S&P500. Receive Cone Midstream Partners News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cone Midstream Partners with MarketBeat.com's FREE daily email newsletter.

Business

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.


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