Business

Israel debating bill banning rights groups from defending Palestinians

US President Donald Trump had promised during his campaign to move the American embassy from Tel Aviv to Jerusalem . Earlier this month , he held a warm meeting with the Palestinian president, Mahmoud Abbas, at the White House. Officials from the Israeli Prime Minister's office asked Trump administration officials if Israeli Prime Minister Benjamin Netanyahu may accompany the President to the ... [Full Article...]

Oil prices near 5-month low as global oversupply weighs

Both benchmarks lost 4.9 percent Thursday, falling to their lowest level since November 30 - the day when OPEC members and Russian Federation agreed to cut their individual oil production to increase prices. "We've dropped to a five month low". Moreover, the recent EIA report on U.S. crude oil inventory declining only by 900,000 barrels as against market expectation of a 2.3 million barrel dec... [Full Article...]

Snapchat's disappointing growth leads to shares slump

On Tuesday, the company posted a $2.2 billion loss in the first quarter, much of which was tied to compensation following the companys IPO in March. The slowing rate of growth was in line with an estimate from JPMorgan, which accurately expected 166 million DAUs for the first quarter. Facebook , for example, has been snapping up features present in Snapchat and incorporating them into its own... [Full Article...]

SoftBank recognises $1.4 bn losses from India investments in 2016-17

SoftBank recognises $1.4 bn losses from India investments in 2016-17 The potential merger between Indian e-commerce companies Flipkart and Snapdeal continues to hang in the balance with a crucial board meeting of Snapdeal ending inconclusively. The deal would include SoftBank spending as much as $1.5 billion to buy a double-digit stake held by U.S. investor Tiger Global in Flipkart. "SBG recorded loss from financial instruments of 160,419 million Japanese Yen... [Full Article...]

Volkswagen names US compliance officer after diesel scandal

Volkswagen names US compliance officer after diesel scandal The 3.0-liter settlement brings the total amount the company must pay in the dieselgate matter in North America to more than $22 billion. The settlement [Reuters report] requires Volkswagen to pay at least $1.22 billion to buy back or fix 80,000 3.0-liter vehicles. [Full Article...]

Amtrak Engineer Charged With Manslaughter for 2015 Crash

Prosecutors said Friday they have been in talks with Bostian's attorney to have him surrender and be arraigned on the charges. On Wednesday, the family of 39-year-old Rachel Jacobs , who was killed in the crash, filled out a private citizen criminal complaint, which the DA's office again declined. [Full Article...]

Analysts Upgrade/Downgrade Activity of Tribune Media Company (TRCO)

Analysts Upgrade/Downgrade Activity of Tribune Media Company (TRCO) Gabelli lowered Tribune Media from a "buy" rating to a "sell" rating in a report on Tuesday. Wells Fargo & Co lowered shares of Tribune Media from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 20th. [Full Article...]

Kohl's Same Store Sales Off In Q1

Kohl's Same Store Sales Off In Q1 Tradewinds Limited Co invested in 15 shares or 0% of the stock. In terms of volatility, it has a beta coefficient of 1.13 and technical analysis volatility indicator called Average True Range or ATR around 1.14. The dividend is payable June 21, to shareholders of record at the close of business on June 7. The stock's Dividend Yield stands at 5.11%. Kohl's Co.'s dividend payout ratio is presently... [Full Article...]

500M Windows 10 devices, half of 2018 goal

The endgame of the drive for a billion users is convincing iPhone and Android app developers that Windows 10 has enough users to be worth their time. To Microsoft's credit, it's making some savvy moves to grow Windows 10: New devices like the Surface Studio PC and Surface Book laptop are wooing away Apple superfans who feel jilted by the latest MacBooks, while the forthcoming Surface Laptop lo... [Full Article...]

Everything you need to know about the Eurovision Song Contest 2017

Everything you need to know about the Eurovision Song Contest 2017 When asked about possible sanctions being taken against Channel One Russia following the country's late withdrawal from the competition, Sand confirmed that this will be discussed in due course. Then it's time for the Grand Final, on Saturday, where the victor of the Eurovision Song Contest 2017 will be revealed. With just hours to go until the Eurovision Song Contest gets under way, here is w... [Full Article...]

Sensex scales 30000-mark in early trade

Sensex scales 30000-mark in early trade It opened at 29,977.50 points, traded at 29,979.54 points (around 9.30 a.m.) from its previous close at 29,926.15 points. The S&P 500 had ended flat on Monday after briefly touching a record high, while Wall Street's "fear gauge" dropped to its lowest in over two decades following centrist Emmanuel Macron's victory in the French presidential election. [Full Article...]

Car rental company Hertz posts bigger quarterly loss

Car rental company Hertz posts bigger quarterly loss In contrast to the year ago quarter EPS was at 0.73. The business's revenue was down 3.4% compared to the same quarter a year ago. They expect $-1 EPS, down 100% or $1 from last year's $n/a per share. The Mosaic Company (NYSE:MOS) closed up +0.09 points or 0.38% at $23.54 with 6.84 mln shares exchanging hands. News stories about Hertz Global Holdings (NYSE: HTZ ) have trended somewhat posi... [Full Article...]

Workers at US nuclear site take cover after tunnel collapse

There had been a shelter-in-place directive for 3,000 workers at the entire Hanford Site , but that was lifted for most of the area hours later. The U.S. Its last reactor closed down in 1987 but millions of gallons of leftover waste are contained in tanks at the site. Efforts were bolstered by about $2 billion in federal stimulus funds authorized several years ago, but decades of work remain. [Full Article...]

AkzoNobel rejects third PPG takeover bid

AkzoNobel rejects third PPG takeover bid PPG said it was "disappointed" with the rejection of its third proposal, saying the meeting "lasted less than 90 minutes" and Akzo Nobel officials made clear at the outset they would only discuss PPG's offer and not negotiate. Such a move exposes the company to the possibility that PPG will take the offer directly to shareholders. Finally, the deal would create uncertainty for Akzo employees. [Full Article...]

Crowds cheer as first Chinese-made passenger plane makes maiden flight

Built by state-owned aerospace manufacturer Commercial Aircraft Corporation of China (COMAC), the plane represents almost a decade of effort in a government-mandated drive to reduce dependence on European consortium Airbus and USA aerospace giant Boeing. [Full Article...]

AAP sacks Mishra, gets two new faces in Cabinet rejig

AAP sacks Mishra, gets two new faces in Cabinet rejig The allegation, first made in a somewhat cryptic tweet on Sunday morning. was explicitly stated by Mishra in a subsequent press conference in the capital. The party also inducted two new faces - Seemapuri MLA Rajendra Pal Gautam and Najafgarh legislator Kailash Gehlot - into the Cabinet. Mishra did not stop there. [Full Article...]

Deadline looms for handing in old £5 notes

Deadline looms for handing in old £5 notes Technically you have only a few hours left. The deadline for spending old paper £5 Bank of England notes is approaching. High street banks can also refuse to exchange notes after the cut-off date, however many said they will replace the notes brought into a branch providing that you're a customer of that bank. [Full Article...]

Demand for gold plunges after Trump win

Demand for gold plunges after Trump win A focus on capital outflows may have been weighing on the Chinese central bank's interest in gold, the WGC's head of market intelligence Alistair Hewitt said. The total global supply of gold in the three months to March 30 was a 12 per cent-lower 1 032 tonnes, mainly on a 21 per cent recycling fall to 283 tonnes. [Full Article...]

Satellite launch to cement India's ties with neighbours: Prez

Satellite launch to cement India's ties with neighbours: Prez The GSAT-9 has been launched with an objective to provide different communication applications in Ku-band with coverage over South Asian countries, the ISRO said. Of course, there's a geopolitical backdrop there, too: Beijing, as part of its One Belt, One Road initiative, is seeking to boost its economic and diplomatic influence in South Asia. [Full Article...]

SC to hear plea challenging govt.'s decision making Aadhar mandatory

SC to hear plea challenging govt.'s decision making Aadhar mandatory It alluded to its request in 2015 when the pinnacle court had made the Aadhaar discretionary. Giving statistics in support of the Centre's decision to make Aadhaar mandatory for PAN cards and filing I-T returns under Section 139AA of the amended Income Tax Act, Attorney General Mukul Rohatgi submitted that "seeding of Aadhaar with PAN will ensure there is no duplicity as biometrics obtained un... [Full Article...]


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