Business
Cabinet gives in-principle nod on ONGC-HPCL mega merger
Ltd. merges with gas utility GAIL, may be in the offing. Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals Ltd (MRPL) to bring all the refining assets of ONGC under one unit. The source, cited earlier, said a committee - headed by Finance Minister Arun Jaitley and comprising Pradhan and Road Transport Minister Nitin Gadkari - has been constituted to work out the modalities.
Business
BPCL makes its first United States oil purchase
Oil prices have weakened since March, as investors have grown frustrated with high global inventory levels despite efforts by OPEC and others to reduce supply. West Texas Intermediate, the USA benchmark for the price of oil, was up 1.6 percent to $46.75 per barrel. The group's output climbed last month to the highest this year as members exempt from the deal - Nigeria and Libya - pumped more and others slipped in delivering their pledged curbs.
Business
New British Airways 'safety video' includes hysterical celebrity cameos
The video, which features celebrities such as Gordon Ramsay , Sir Ian Mckellen , Warwick David and Jess Glynne, puts them in an audition style format, as they showcase the aircraft's safety features in a series of humorous sketches. The new video, which will begin airing on flights in September, is also created to raise money for Flying Start , a charity partnership between the airline and Comic Relief .
Business
Walton Goggins Joins Marvel Studios' 'Ant-Man & The Wasp'
He is transformed into Ant-Man after being given Pym's suit and receiving training that allows him to fully utilise the suit's capabilities that as well as shrinking him down allow him to control real ants. John-Karmen has starred in the likes of Steven Spielberg's "Ready Player One" and recently completed filming on upcoming "Tomb Raider" reboot with Alicia Vikander along with Goggins.
Business
Rare Form of Mad Cow Disease Found in AL
USDA Animal and Plant Health Inspection Service testing determined that the cow was positive for atypical (L-type) BSE. In the US there have now been five cases of BSE detected. "The incidence of BSE in the United States is extremely low, and will remain so", Holliman added. The World Organization for Animal Health (OIE) has labeled the United States as having a negligible risk for BSE.
Business
Why Vertex Pharmaceuticals Incorporated Stock Is Soaring Today
As for the mean price target, it implies downside of -0.63% from the $129.21 prior closing price. Geode Capital Mgmt Limited Liability Company reported 2.15 million shares. Another trade for 3,842 shares valued at $336,790 was sold by SMITH IAN F. 1,688 shares were sold by Silva Paul M, worth $179,434. Stock value has moved between $6.91 - 18.37 in last one year.
Business
IBM reports 21st straight quarter of declining sales
While IBM's announcement doesn't specifically plug the 'Watson ' brand, the company notes that these new locations will allow its customers in those regions to get low-latency access to its cognitive services, as well as its blockchain, big data and IoT offerings.
Business
BC wildfires by the numbers
Fire Information Officer Ellie Dupont said the fire went through several municipalities but was not able to say how many buildings had been destroyed. Emergency Management BC now estimates that almost 46,000 people have been evacuated. Evacuees in the province, officials say, including 8,400 forced out of Williams Lake on Saturday.
Business
Arsenal beat Bayern Munich on penalties in Shanghai
Arsene Wenger has already made two important signings in Sead Kolasinac , on a free transfer from Schalke, and Alexandre Lacazette , for a club record fee from Lyon, and while more new faces are expected before the summer transfer window comes to an end, the Arsenal manager will be keen to see just how equipped his side are for the new season.
Business
Julian Edelman Shares Letter From Professor Who Doubted His NFL Aspirations
For Edelman, this was just another reminder of how comments like this during his college career actually motivated him to do more and to work harder. After leaving San Mateo, Edelman would transfer to the losingest Division I college football program in history in the Kent State Golden Flashes.
Business
Dollar sinks on Trump healthcare blow
The dollar sank Tuesday as two Republican senators rejected their party's bill to repeal Obamacare , effectively killing it and throwing Donald Trump's economic agenda into doubt. A further rise in the CPI beyond the current annual rate of 2.9% could encourage hawkish BoE policy members to push for a rate hike. And with the euro and yen both gaining on the possibility that the European Central Bank and Bank of Japan will raise interest rates later this year as their economies improve, the ...
Business
Porsche Contemplates Killing Diesel Models
But diesel's image has been tarnished by the emissions scandal and revelations that some engines pump high levels of poisonous nitrogen oxides into the air, prompting many auto makers to review their strategies. It comes after Volvo earlier this month became the first traditional carmaker to announce it will go-all electric with new models from 2019 . CEO Oliver Blume hinted the sports vehicle manufacturer might ditch them altogether - though this idea might also be forced upon them, since ...
Business
England Unveils New 10-Pound Note Featuring Jane Austen
It is around 15 per cent smaller compared to current £10 note but bigger than the new £5. "The new £10 note celebrates Jane Austen's work". Along with the portrait of Austen, the note also features an illustration of one of her most beloved characters, Elizabeth Bennet, says the Bank of England .
Business
Morgan Stanley escapes the worst of Wall Street's bond trading pains
Shares climbed 2.5 percent in premarket trade. Morgan Stanley was the best of a bad bunch in bond trading for banks on Wall Street in the second quarter. The firm's earnings per diluted share, meanwhile, were reported at $0.87, above the $0.76 that was expected by analysts, according to a Yahoo Finance consensus.
Business
$0.92 EPS Expected for Magellan Midstream Partners, LP (MMP)
Citigroup downgraded it to "Neutral" rating and $16.50 target in Thursday, March 10 report. The stock has "Buy" rating by Ladenburg Thalmann on Monday, December 19. 10,000 shares were sold by Korner Lisa J , worth $786,700. The insider TYSON LAURA D sold $144,085. GEPHARDT Richard A sold $336,603 worth of stock or 4,350 shares.
Business
Extra 'rip-off' charges for paying by card to be banned, Government announces
Under the Consumer Rights Regulations , businesses are only allowed to charge a sum that reflects their own costs in processing a transaction. "My only real concern is how it will affect small businesses, such as news agents, who sometime take small payments via cards and will get charged by the provider".
Business
Trump Slams Reports Of A Second "Secret" Putin Meeting As "Fake News"
The meeting followed the two leaders' formal two-hour meeting on 7 July in which Mr Trump said Mr Putin denied allegations that he directed efforts to meddle in the 2016 United States presidential election. Asked if there was any depth to the conversation, Coons said there was no way to know . Leaders and their spouses were invited to a musical performance at Hamburg's riverside concert venue, followed by an intimate dinner in which they were seated next to the spouse of one of their ...
Business
Jagga Jasoos: After receiving lukewarm response, makers to call off sequel plans?
Jagga Jasoos that was in making for over 3 years finally released on July 14, however, the film failed to live to the hype and flopped at the box-office. Though the box office numbers aren't that great, the film has managed to find its multiplex audiences in the metro-cities. However, while the producers are speaking of the film "growing", the distributors and exhibitors are groaning at the prospect of another loser at the box office.
Business
Collusion Investigation Between Trump Campaign And Russia Has So. Calif. Ties
The U.S. Secret Service pushed back on an assertion one of President Donald Trump's lawyers made Sunday that the agency should have prevented Russians from meeting a year ago with the president's eldest son. "There was no "second meeting" between President Trump and President Putin, just a brief conversation at the end of a dinner". Sekulow pointed to Trump Jr.'s comments in the interview that he had now disclosed everything about the meeting.
Business
Darjeeling unrest: GJM supporters demand restoration of internet services
The committee that held its third meeting in Kalimpong since its inception last month, also condemned the alleged killing of a pro-Gorkhaland activist in Mirik in Darjeeling district in police firing. Gurung's statement admitted, albeit in a roundabout way, that people had started feeling the pinch of the shutdown: "Despite the shortage of food, vegetables and essential commodities in Darjeeling , our people are willing to continue the bandh till the Gorkhaland demand is fulfilled".
Business
McCormick to buy Reckitt's food unit for $4.2 bln
McCormick appears to have shrugged off competition from Unilever (LON:ULVR) with a report in The Sunday Times suggesting that the Anglo-Dutch consumer goods giant was one of several companies to have tabled a bid for the business, along with Hormel Foods, the company which owns Spam.
Business
Discovery & Scripps reported to be discussing merger
Channels of Scripps , which has a market value around US$ 8.8 billion, are - HGTV, Travel Channel and a significant major stake in Food Network, has been seeking a purchaser when it is under pressure to grow, Reuters reported sources as saying.
Business
BHP Billiton plc's (LON:BLT) "Outperform" Rating Reaffirmed at Macquarie
A number of other hedge funds also recently made changes to their positions in BHP . Conning Inc. acquired a new position in BHP Billiton Limited during the first quarter worth approximately $317,000. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/07/19/bhp-billiton-limited-bhp-given-media-sentiment-score-of-0-01-updated.html.
Business
Companies Helping Brides Affected by the Alfred Angelo Closing
Plus, one woman who invited the community to her reception. Brides who arrived at their local Alfred Angelo store to pick up their gowns were met with a notice saying the store had closed and that they were to email the company's law firm.
Business
McConnell Backup Plan To Repeal Affordable Care Act Falters
A comparison of public meetings on Obamacare and the Republican bills to repeal it. Senators Jerry Moran of Kansas and Mike Lee of Utah issued separate statements late Monday saying they can't support the legislation. If the Senate doesn't deliver, he said he plans to " let Obamacare fail " because "it will be a lot easier". "We will not bail you out of a crisis of your own making".
Business
Vice President Pence says Congress need to 'step up' on health care
Last night we learned that the Senate still doesn't have consensus on a bill to repeal and replace Obamacare at the same time, but President Trump and I fully support the majority leader's decision to move forward with a bill that just repeals Obamacare and gives Congress time, as the President said, to work on a new healthcare plan that will start with a clean slate.
Business
Trump to nominate Huntsman as Russian Federation ambassador -White House
Huntsman will have a hard job ahead of him as Washington continues to investigate Russia's role in the 2016 presidential election. "Huntsman has had a distinguished career as a politician, diplomat, and businessman", the White House said announcing Trumps intention to nominate him as the US Ambassador to Russian Federation.
Business
International Business Machines Corp. 2Q 2017 Earnings: Sales Miss Est
On Thursday, January 12 the stock rating was maintained by Stifel Nicolaus with "Buy". The firm earned "Neutral" rating on Tuesday, October 18 by Goldman Sachs. (NYSE: IBM ) for 5,426 shares. Osborne Prns Capital Mgmt reported 0.84% stake. Geode Capital Limited Liability Corp has 0% invested in Maxwell Technologies Inc.
Business
Amazon.com's (NASDAQ:AMZN) Buy Rating Reiterated at Deutsche Bank AG
Moreover, Whittier Trust has 0.92% invested in Amazon.com, Inc. The stock rose 1.25% or $12.64 reaching $1022.67. The Wafra Investment Advisory Group Inc holds 18,779 shares with $14.08 million value, up from 11,334 last quarter. 157 funds opened positions while 606 raised stakes. As of the end of the quarter Piedmont Investment Advisors LLC had sold 2,870 shares trimming its position 2.5%.
Business
Chipotle shuts Virginia store after reports of illnesses
This incident may be a one-off event that would probably be less consequential for any other chain, but Chipotle is still recovering from the food safety disaster that rocked the company in 2015. Chipotle says it plans to reopen the restaurant Tuesday after a "complete sanitization". Five people in Washington state contracted E. coli after eating at Chipotle in July of that year, followed by hundreds being sickened in California by norovirus, and finally 64 people in Minnesota being ...
Business
Nasdaq gains for 7th day: ASX tipped for flat start
Technology shares, which represent the largest component of the S&P 500 , have been crucial to advance's in the broad-market benchmark, though valuations have been a main concern for market participants. The apparent failure of the health-care legislation is seen as delaying pro-growth policies espoused by President Donald Trump, which could boost the buck and push Treasury prices lower.
Business
Adverts depicting sexist stereotypes to be banned from 2018
An ad that suggests an activity is inappropriate for a girl because it is stereotypically associated with boys or vice versa. Similarly, the ASA acknowledged it received complaints concerning a KFC ad in which a man with anxiety is mocked, but chose not to take action.
Business
FBI Warning: Watch Out Parents, Internet Connected Toys Are Dangerous
There is now a huge trend for fitting internet-connected gadgets with cameras and sensors. Many of these smart toys have a combination of sensors, cameras, microphones, data storage or other components, such as voice recognition and Global Positioning System, the warning said.
Business
De Boer: Benteke is staying put
Crystal Palace manager Frank de Boer insists Christian Benteke is not for sale. "He made a great impact last season, especially in the second half of the season, and he is crucial to us and we don't want to sell him". So far this summer Palace have signed Ruben Loftus-Cheek on loan from London rivals Chelsea , but the fans are eager to see ambition in the transfer market and more new faces arrive before the start of the new season.
Business
Thousands of student loans could be wiped away due to missing paperwork
The National Collegiate Student Loan Trusts are a collection of trusts that together comprise one of the US's biggest owners of private student loans , possessing around 800,000 different loans totaling $12 billion. Student loans account for $1.4 trillion of debt nationwide, and judges have begun clearing debts in New York, New Jersey, Texas and Ohio. In 2015, he hired a contractor to audit the servicing company that bills National Collegiate borrowers each month and found not one of 400 ...