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Business

The city's failing subway system is now a state of emergency

The news came as the MTA was holding its Genius Transit Challenge Conference, which brought transit officials from other cities (including Toronto and Paris), along with MTA officials, to discuss the state of the subways and ideas to get them in a state of good fix.

Business

Rupert Murdoch's £11.7bn Sky bid set for further probe

James Murdoch is the chairman of Sky and CEO of the Fox group - there is also heavy involvement from his father Rupert Murdoch . It continued to say that the merger would lead to a "limited increase in Sky's existing share of the markets for the acquisition of TV content" and the supply of TV channels.

Business

Forex - Euro extends rally, hits 14-month highs against dollar

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, hit a trough of 95.57, the weakest since October. Bundesbank President Jens Weidmann said on Thursday he sees the current expansive monetary policy as appropriate. USA crude rose 0.51 percent to $44.97 per barrel and Brent was last at $47.42, up 0.23 percent on the day.

Business

Tesco share price: Grocer set to axe 1200 jobs at head office

Earlier this year it also culled 1,600 deputy store manager roles in its smaller stores, with junior staff left to pick up the slack. Tesco said it was a "significant next step" in the turnaround of the company. Welwyn Hatfield MP Grant Shapps said: "I was very concerned to hear about Tesco's announcement today of upcoming job losses in Welwyn Garden City".

Business

Fed Approves US Banks' Capital Plans

Wells Fargo "s capital return plan also received the Fed's approval, despite some expectations that a consumer sales scandal might negatively affect the policymakers" decision. The Comprehensive Capital Analysis and Review , in its seventh year, evaluates the capital planning processes and capital adequacy of the largest USA -based bank holding companies, including the firms' planned capital actions that also include potential major acquisitions.

Business

Govt, JNPT set out to contain damage from malware attack

The virus, whose victims included major global companies from Merck MRK & Co.to PAO Rosneft, bore similarities to last month's global ransomware attack but was in some ways more insidious, security experts said. It was anticipated that there could be bunching of in-bound and out-bound container cargos. In India, private port operator APM Terminals Pipavav's operations too have partially been hit by Petya.

Business

Tesco urges watchdog to fast-track investigation into £3.7bn Booker merger

The CMA is assessing whether the deal could reduce competition and choice for shoppers and other customers, such as stores now supplied by Booker. The CMA explained in a separate statement that if it proceeds with a fast track procedure it would expect to issue a Phase I decision within the next 10 working days.

Business

Pakistan Defends Salahuddin, to Keep Backing Kashmir Struggle

He said Syed Salahuddin is a freedom fighter and the AJK government stands by him. It asked, "While the USA claims to espouse and stand for democratic principles of liberty and justice, how can it turn a blind eye on the brazen violations in this part of the world?" Following Monday's Modi-Trump meeting in Washington DC, Pakistan has accused the USA of " speaking India's language ".

Business

Check Out the Odds on General Mills, Inc. (GIS), Chevron Corporation (CVX)

Stockholders of record on Monday, July 10th will be given a $0.49 dividend. Sfmg upped its stake in General Mills by 0.7% in the Q1. Finally, Asset Management One Co. (NYSE: GIS ) rating on Thursday, March 24. RBC Capital Markets has "Outperform" rating and $73 target. The firm earned "Buy" rating on Monday, April 11 by Citigroup.

Business

Soon, your wallet will have Rs 200 currency notes also; printing begins

Unlike earlier reports of some discrepancies in the new Rs 500 denominations, the new Rs 200 notes are likely to have advanced security features . Adding further to this she said, "The introduction of 200 rupee notes will replenish the missing middle, triggered by the withdrawal of the old series of 500 rupee notes".

Business

Barrick Gold Corporation (ABX): What's the Story?

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. However it has a net margin of 16.40%. Year to date is 80.55%, 60.00% over the last quarter, 72.71% for the past six months and -71.65% over the last 12 months.

Business

Russia Announces Crackdown on Telegram App

Telegram , an app built to provide its users with a private means of communication by allowing them to send encrypted messages to and from one another, has thus far refused to comply with the law and with requests from Russian authorities to surrender data.

Business

United Kingdom financial watchdog announces retail banking study

Good morning: "Weak price competition. evidence of sustained, high profits over a number of years". "The increased transparency proposed by the FCA will enable an informed investor to choose high-quality, low-priced products which will lead to better financial outcomes for United Kingdom investors".

Business

Stalled LIRR Train in Queens Causing Delays

By 8:30 a.m., 17 trains had been cancelled or rerouted to Atlantic Terminal or Hunterspoint Avenue. An LIRR train connected to the disabled train at 7:40 a.m. The practice, called cross-honoring, allows commuters to use their rail ticket on ferries and PATH trains to complete their trip to and from NY when Morris & Essex line trains are diverted to Hoboken from NY, starting on July 10.

Business

Pharrell Talks About Raising Triplets - Who Harmonise!

The former judge on The Voice said of the three new additions: 'It's an assembly line. they harmonize (when they cry). 'While I was doing it, it was like helping other people was like a drug to me. "There's nothing she can't do". He continued: 'She carried those three bodies and she's just on it all the time'. "And we do have some unbelievable people to help us".

Business

The Comparing Navios Maritime Partners (NMM) and Seaspan Corporation (SSW)

Campbell Soup Company (NYSE:CPB) has declined 12.82% since June 26, 2016 and is downtrending. Navios Maritime Midstream Partners LP has a one bull (extreme weakness) technical rating because it's trading below the 10 day, 50 day and 200 day simple moving averages while the 10-day moving average is below the 50-day moving average and the 50-day moving average is below the 200-day moving average.

Business

Phoenix fire teaches firework safety for the 4th of July

Celebrating the Fourth of July with fireworks, cookouts and community events can quickly turn to disaster if proper precautions are not taken. County residents are prohibited from using any type of pyrotechnic devices except in Blythe, Cathedral City, Coachella, Desert Hot Springs and Indio, where "safe and sane" fireworks can be sold to the public.

Business

West Braces For More Record Heat, Flight Cancellations

The canceled flights mostly took place between 3 p.m. and 6 p.m. local time, when temperatures were the highest . American Airlines canceled almost 40 Phoenix flights operated by regional jets because of Tuesday's heat. At a physical level, the issue comes down to hot air: The warmer the air, the thinner it is, and the thinner the air, the more thrust is required by the jet engine's to take off.

Business

Canadian Supreme Court Rules Google Must Remove Certain Search Results Worldwide

Organisations like ARIA and Music Rights Australia have requested the Turnbull government remove a proposed measure that would give immunity to Google and Facebook for infringing user-uploaded content. The Equustek decision is part of a troubling trend around the world of courts and other governmental bodies ordering that content be removed from the entirety of the Internet, not just in that country's locale.

Business

Airline forced wheelchair-bound man to crawl up stairs to board plane

Vanilla Air on Wednesday said it has apologised to Kijima and that the carrier has since made it mandatory to have lifts for the disabled at the Amami Airport. Vanilla Air had previously barred passengers who can not walk unaided from boarding flights at Amami, citing the risk of accidents. According to low-priced carrier Vanilla Air, Kijima would not be allowed to board if he could not climb up the stairs himself.

Business

Delhi: 43 out of 55 outlets of McDonald's to remain shut temporarily

Brand strategist Harish Bijoor told ET that unless McDonald's sorts out its legal battle, things might worsen. CPRL didn't announce the reasons for its closure but according to the sources, CPRL failed to get the mandatory regulatory health licences renewed because of the infighting between Bakshi and McDonald's.

Business

US to Seek More Security on International Flights

Homeland Security says part of the web of threats they've detected involves terrorists hoping to recruit airport and airline "insiders" who would be in a position to do serious damage. The department will need cooperation from airlines, since the DHS does not have jurisdiction over airports in foreign countries. Passengers on US -bound flights can expect to go through a more "extensive screening process" beginning as soon as this summer in some areas, according to senior officials.

Business

Major global cyber attack; JNPT port affected

Our preliminary findings suggest that it is not a variant of Petya ransomware as publically reported , but a new ransomware that has not been seen before. Spanish media reports that the offices of large multinationals such as food giant Mondelez and legal firm DLA Piper have suffered attacks. The attacks started Tuesday at around 2:00 pm Kiev time (1100 GMT) and quickly spread to 80 companies in Ukraine and Russian Federation, said cybersecurity company Group IB .

Business

John Romero is auctioning off original Doom 2 floppy disks

These will make your bank balance his bitch, though: the bidding now sits at $3,050.00 for them on eBay . There's no word yet on whether the buyer wants Romero to sign the diskettes, but given the selling price I'd say it's the least he could do.

Business

US Fed raises key rates for 2nd time this year

The Fed began buying the bonds after the Great Recession to try to depress long-term loan rates. The US Federal Reserve lowered its forecast for inflation but raised its prediction for growth, opening the door for further rates hikes in 2017.

Business

JNPT, India's largest container port, hit by cyber attack

The JNPT port, which consists of three terminals, has a capacity to handle 4.5 million standard container units, and GTI Terminal has a 1.8 million TEU capacity. DLA Piper said in a statement it was hit by a suspected malware attack and that it was "taking steps to remedy the issue". The current attacks come weeks after the Wannacry ransomware attack , which impacted systems of many companies.

Business

EU Commission fines Google a record 2.42 billion (EUR) (£2.1 billion)

This is widely considered the EU's most significant antitrust ruling since 2004, when Microsoft was fined over $500 million, according to TechCrunch. The most prominent graphic in the European Union report shows just how dominant Google is as a search engine. "With this decision, the commission is saying that Google has broken the law and now needs to stop its abuse and allow competition back into the marketplace", said Richard Stables, the Kelkoo's CEO.

Business

Clippers to trade Chris Paul to the Rockets

Paul , 32, agreed to opt in to the final year of his $24.2 million contract, clearing the way for the Clippers to execute a sign-and-trade deal with the Rockets and bring back assets for the star player, league sources told The Vertical .

Business

Petya: Govt working with Maersk to resolve situation at JNPT

Netherlands-based shipping company TNT Express, now a subsidiary of FedEx, also said it was experiencing system interference following a global cyber attack, however, it did not specify whether or not it was related to the Petya attack. Moeller-Maersk, the world's biggest containership operator, shuttering terminals around the world. The Danish conglomerate has said that operations at some of APM Terminals' 76 port terminals around the world, including Los Angeles, were affected.

Business

'Handmaids' descend upon Hill to protest health care bill

And the group aren't the only ones to have protested in reference to The Handmaid's Tale in recent weeks; similar demonstrations have taken place in Texas and OH in objection to the GOP bill. Under the Gilead regime, women have limited roles in society. The dramatic wardrobe was inspired by the robes worn by the handmaids themselves in the series based on the 1985 novel by Margaret Atwood .

Business

Aadhaar-PAN linking mandatory from July 1, what you need to know

Through an amendment to tax proposals in the Finance Bill for 2017-18, Finance Minister Mr. Arun Jaitley for filing of income tax returns, has made Aadhaar mandatory and to check the tax evasion through use of multiple PAN cards, provided linking of PAN with Aadhaar.

Business

Chelsea kick off title defence with Burnley at the Bridge

Manchester United begin at home to West Ham , 2016 champions Leicester visit Arsenal , while Liverpool go to Watford . David Wagner has done an extraordinary job with the West Yorkshire outfit, but has a serious challenge on his hands keeping the Terriers in the Premier League .

Business

Unusual Activity Spotted in Junefield Department Store Group Ltd

They now have a GBX 3150.00 PT on company. The firm has "Buy" rating given on Monday, February 22 by Goldman Sachs. Barclays Capital maintained Ibstock plc (LON:IBST) rating on Thursday, April 13. It dived, as 21 investors sold Centrica PLC shares while 45 reduced holdings. 36 funds opened positions while 90 raised stakes. AAON's SI was 2.21 million shares in June as released by FINRA.

Business

Boeing lifts 20-year demand forecast to $6 trillion

Boeing now has over 240 orders and commitments for the 737 Max 10 its latest and largest model at the price of about $30 billion including Monday and Tuesday's announcements. "As competition and our business continue to grow, the superior efficiency and additional capacity of the 737 MAX 10 will allow us to keep differentiating ourselves and offer the best all-inclusive business and economy fares to our loyal passengers".

Business

Wells Fargo to Sell Commercial Insurance Business to USI Insurance

Farmers & Merchants Investments Inc who had been investing in Wells Fargo for a number of months, seems to be bullish on the $264.16 billion market cap company. The firm earned "Hold" rating on Wednesday, August 5 by S&P Research. Investors sentiment increased to 1.12 in 2016 Q4. 247.74 million shares or 5.69% less from 262.69 million shares in 2016Q3 were reported.


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