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Business

De Blasio will announce tax proposal to fix the subways

The mayor's plan also calls for half-price MetroCards for low-income riders. "Taxpayers, particularly New York City taxpayers, already provide approximately 40 percent of the mass transit budget through the payroll mobility tax and other taxes", she said an emailed statement.

Business

Softbank is 'interested' in an Uber or Lyft investment

SoftBank, however, has not released a forecast for the current business year ending March, citing uncertainty. The idea of investing in Uber , which rivals Ola, Grab and 99 but was beaten by Didi in China , has surprised many, but throw in the fact that SoftBank is also weighing its rival and there's likely to be further confusion over the motivation.

Business

Govt deactivates 11 lakh PAN cards; Here's how you can check yours

But the Aadhaar-PAN linking revealed some shocking facts. According to rules, a person is supposed to have only one PAN (Permanent Account Number) card. You can check whether the PAN Number is in activation mode or deactivation by following the below steps . The mobile number that you enter on this page needs to be the same one that you had for your PAN card.

Business

Sensex, Nifty End Range-bound Session Lower

Market breadth was in the favour of losers, with about 2 stocks declining to every 1 stock that advanced. The BSE Midcap and BSE Smallcap indices closed 1.05 and 1.14 per cent higher respectively outperforming the Sensex and Nifty. The major gainers of 30-share Sensex during the early morning trade were Tata Steel , ICICI Bank, SunPharma and Hero Moto Corp with 591.50 points, 300.10 points, 512.10 points and 3999.25 points upwards respectively.

Business

Tyson Foods, Inc. (TSN) Stake Maintained by Shell Asset Management Co

Weatherly Asset Management L.P. acquired a new stake in Tyson Foods during the second quarter worth approximately $775,000. Atria Investments LLC bought a new stake in Tyson Foods during the second quarter worth about $452,000. will post $5.01 earnings per share for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th.

Business

CommBank blames coding error for some alleged money laundering breaches

As the hours count down to its annual profit result, Australia's biggest bank is trying to avert a financial catastrophe by blaming a software glitch for most of its alleged money-laundering breaches. "This error became apparent in 2015 and within a month of discovering it, we notified AUSTRAC , delivered the missing TTRs and fixed the coding issue", the bank said.

Business

Lucas Perez to Newcastle: Rafa Benitez confirms interest in Arsenal forward

The former Spain Under-21 global striker spent the 2016-17 season on loan at Deportivo La Coruna, scoring five goals and providing one assist in 20 La Liga appearances in the process, according to WhoScored . Newcastle have also been linked with a move for Stoke's Joselu but Benitez was more coy on a move for the 27-year-old. "Last year I barely had any opportunities and when I had them I took advantage of them and this season is clearly going to be more of the same".

Business

China Cancels Vietnam Meeting Over South China Sea Spat

As ASEANists, we want to return the favour and we hope these low fares will inspire the people to discover more about the region we call home. Susan Thornton is the top US diplomat for Asia. McMaster, who told MSNBC news that the U.S. leader was reviewing plans for a "preventive war". Saturday's resolution banning North Korean exports and limiting investments in the country was passed unanimously.

Business

Renault is to step-up production of 300000 cars each year in Iran

Following the strategic agreement reached at the Mondial de Paris 2016, Renault announces on Monday, August 7, the creation of a new joint venture in Iran. But it had to put a brake on its growth plans until Iran concluded a nuclear deal with world powers that came into force in January 2016, easing global sanctions.

Business

Prosecutors seek 12 years' jail for Samsung heir Lee Jae-Yong

He will face the longest prison term on record for a South Korean conglomerate executive if the court finds him guilty when it makes a ruling August 25, two days before Lee's current period of detention ends. The prosecution suspects Park of being involved in 13 different cases of bribery, coercion and abuse of power. The prosecutors also asked for 10 years' imprisonment on each of the three former Samsung officials - Choi Gee-sung, former vice chairman and head of Samsung's future strategy ...

Business

Flight lands safely in Philadelphia after extreme turbulence; 10 injured

Stated that injured three passengers and seven crew members. "The flight attendants were in the last rows when they said 'fasten your seat belts, '" Smith said. A reporter for ProPublica , Jessica Huseman , tweeted that she had been on the flight. The airline described the turbulence as brief, and said that all 10 passengers have since been released from the hospital.

Business

Vietnam takes on China for its expansionist policies in South China Sea

U.S. Secretary of State Rex Tillerson is due to attend the Manila meeting and will press China and other Asian countries to take tougher action against North Korea . Malaysia's relationship with North Korea became tense after the assassination of Kim Jong Nam, the estranged elder half-brother of North Korean supreme leader Kim Jong Un, at klia2 on Feb 13.

Business

Dominion Diamond Corporation (DDC) Cut to "Market Perform" at BMO Capital Markets

Sell-side analyst recommendations point to a short term price target of $14.3 on the shares of Dominion Diamond Corporation (DDC). The company reported the earnings of $0.09/Share in the last quarter where the estimated EPS by analysts was $0.11/share.

Business

DCP Midstream Partners LP

Citigroup Inc. upgraded shares of EnLink Midstream to a "neutral" rating and set a $19.00 target price on the stock in a research note on Wednesday. BidaskClub raised Magellan Midstream Partners L.P. Additionally the company recently declared a dividend which will be paid on Monday the 14th of August 2017. Stockholders of record on Friday, August 4th will be issued a dividend of $0.935 per share.

Business

Bitcoin Cash Plummets, Bitcoin Soars, Coinbase Offers Clarification

Finally, the value of the single Bitcoin is over $3,000. In the last 4 days, we have seen a high of almost $1000 to a low of $200. Within two months of time in August it reached the $3,000. Speculators who are considering entering bitcoin should watch the news carefully for information about disruptive events surrounding potential forks .

Business

United Kingdom prepared to pay 40bn-euro Brexit bill

Whitehall is a district in London where Britain's civil servants and ministers are based. The EU's chief negotiator, Michel Barnier, has declined to publicly name a sum for Britain's divorce bill, which includes its share of EU spending projects already agreed, as well as pension contributions of staff, among other expenses.

Business

GST Council to discuss e-Way Bill, anti-profiteering body

It will not be applicable for exempted goods. In the previous VAT regime, work contracts were taxed at 5 per cent. The GST law also has an anti-profiteering provision meant to ensure that businesses pass on the benefit of lower tax incidence and availability of input tax credit to the consumers.

Business

Liberum Capital Reaffirms "Hold" Rating for Glencore PLC (LON:GLEN)

They now have a GBX 785.00 target price on Just Eat (LON:JE). The stock's 50 day moving average is GBX 297.82 and its 200-day moving average is GBX 254.33. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Therefore 45% are positive.

Business

Spirit Realty Capital, Inc. (NASDAQ:SRC) To Release Earnings

A number of other institutional investors have also recently modified their holdings of SRC. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.02. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.63%. 08/09/2016 - Spirit Realty Capital, Inc. had its " rating reiterated by analysts at Wunderlich.

Business

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) To Report Earnings

The hedge fund held 36,500 stocks of the information technology service provider's shares after unloading 900 shares through out the quarter. CENTRAL TRUST Co now owns 6,368 shares of the information technology service provider's stock valued at $379,000 after buying an additional 770 shares in the last quarter.

Business

OneBeacon Insurance Group, Ltd. (NASDAQ:OB) To Release Earnings

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . XL Group Ltd . Several research firms have weighed in on XL. As of the end of the quarter Kbc Group Nv had sold 75 shares trimming its holdings by 48.4%. Zacks Investment Research upgraded shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 19th.

Business

Nissan assembly plant workers to decide whether to unionize in Mississippi

The workers are organizing in Canton, one of only three nonunion Nissan plants worldwide. A complaint by the NLRB yesterday accused Nissan of threatening employees with termination because of union activities, and threatening to close the plant if workers voted to unionise, charges Nissan vehemently denied.

Business

Body scans and biometric checks proposed in airport security plan

A commander in Islamic State ordered a group of Australian men to build a bomb destined for an Etihad Airways flight departing from Sydney , police have said. However, that attempt was aborted and a second plan was then hatched to create a "chemical dispersion device". Australian police prevented an attack that could have taken down an Etihad Airways flight from Sydney Airport to Abu Dhabi scheduled for July 15.

Business

Unemployment rate in Manitoba lowest in the country

The 13,400 new jobs created during the July-to-July period included 11,800 full-time ones. That's it's lowest level since October 2014, it added. The data also showed another 2,900 new workers entered the provincial labour force in July, boosting the total number of Manitobans either employed or actively looking for work to 683,500.

Business

International Trade Balance Narrowed in June

The goods deficit decreased $2.1 billion to $65.3 billion, while the services surplus grew $0.6 billion to $21.6 billion. The government reported last Friday that trade contributed nearly two-tenths of a percentage point to the economy's 2.6 per cent annualised growth pace in the second quarter.

Business

European shares rally, sterling hits 11-month peak as BoE decision looms

But the bank also said that a response to above-target inflation and domestic price pressures will be needed. "The UK economy is faltering and consumer purses are under pressure, so it's no surprise the Bank of England has decided not to upset the apple cart by raising interest rates", Laith Khalaf, senior analyst at Hargreaves Lansdown , said.

Business

Markets Right Now: Apple gain sends Dow Jones above 22000

The Dow industrials DJIA, +0.19% on Tuesday closed just 36 points shy of that big round number, finishing at 21,963.92 . The Dow is a price-weighted index, meaning that companies with higher share prices - not market capitalization - have an outsized influence on its level.

Business

Unemployment dips to lowest rate since 2008

The unemployment rate for all Americans declined from 4.4 percent in June to 4.3 percent in July, which is the lowest level seen in 16 years. In its latest monthly Labour Force Survey report, the federal agency said Manitoba's jobless rate fell to 5.0 per cent from 5.3 per cent in June.

Business

Mediclinic International PLC (MDC) Given Average Rating of "Hold" by Brokerages

In general, if the reading goes above -20, the stock may be considered to be overbought. The rating was downgraded by Standpoint Research to "Reduce" on Thursday, June 1. Credit Suisse maintained the shares of CTEC in report on Tuesday, December 6 with "Neutral" rating. Jefferies maintained the shares of ESNT in report on Friday, August 26 with "Buy" rating.

Business

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Shares Gap Up Following Earnings Beat

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 25.26 and a beta of 2.98. About 1,210 shares traded. ( NASDAQ AAOI ) traded down 5.72% during midday trading on Wednesday, hitting $93.91. Wall Street Assocs reported 51,812 shares or 0.8% of all its holdings. Over the previous year Company's shares have been trading in the range of $11.67 and $103.41.

Business

Blue Apron Layoffs: Meal Delivery Company to Cut 1270 Jobs

Employees have reportedly been given the choice to relocate to Linden, New Jersey as part of the shift. While Blue Apron had initially said that it would likely sell shares to the public in the range of $15 to $17, shares hit the market at the dramatically reduced price of $10 in the wake of Amazon's news.

Business

Rockwell Collins stock jumps on report of deal from United Technologies

NEXT Financial Group Inc raised its stake in Rockwell Collins by 35.7% in the second quarter. Insiders have acquired a total of 18,000 shares of company stock valued at $1,480 in the last three months. Rockwell Automation's dividend payout ratio (DPR) is 49.03%. $273,500 worth of Rockwell Collins, Inc. The original version of this story can be accessed at ...

Business

Digital Realty Trust (DLR) Earning Positive News Coverage, Study Finds

Ebay Inc. now has $38.12B valuation. 10,000 shares were bought by Eisenstat Abraham , worth $50,800. 459.06 million shares or 0.50% less from 461.37 million shares in 2016Q3 were reported. Grt Prns Ltd Limited Liability Company accumulated 23,161 shares. Seatown Hldg Pte Ltd invested in 2.43% or 300,000 shares. Lazard Asset Management Llc increased Federal Realty (FRT) stake by 43.25% reported in 2016Q4 SEC filing.

Business

Nabors Industries Ltd. (NYSE:NBR) Declares $0.06 Quarterly Dividend

Currently, EPS of Nabors Industries Ltd . ( NBR ) is -0.38 while the analysts predicted the EPS of the stock to be -0.35 suggesting the company fell short of the analysts' expectations. In other Nabors Industries news, CFO William J. Restrepo bought 22,000 shares of the company's stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $8.25 per share, for a total transaction of $181,500.00.

Business

Trump Blames Congress for 'All-Time' Poor Relations With Russia

Dealt a striking congressional rebuke, Donald Trump grudgingly signed what he called a "seriously flawed" package of sanctions against Russian Federation on Wednesday, bowing for the moment to resistance from both parties to his push for warmer ties with Moscow.


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