Economy

Passengers brawl in airport terminal after United States airline cancels flights

On Monday, fights broke out between airline staff and angry passengers - and led to three arrests for inciting a riot, resisting arrest, trespassing and disorderly conduct. "We are shocked and saddened to see the videos of what took place at Ft". It's just the latest incident in a series of black eyes for the airline industry - including so many recorded confrontations that even Congress got involved last week. Read More

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Battle for 2024 hots up as IOC heads to LA

Battle for 2024 hots up as IOC heads to LA

The IOC president will give guidance in July on whether Los Angeles is worthy of hosing the summer games. It is hard to ascertain what kind of impact NOlympics LA will have on the IOC's decision, if any, given its 11th-hour launch; however, if Los Angeles were awarded the 2028 Olympic Games, the group would have more than a decade to rally public antipathy for the Games. Read More

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Trump to broker Israeli-Palestinian peace

Underscoring the inherent difficulties of forging a peace agreement, Abbas told reporters that "it's about time for Israel to end its occupation of our people and our land". The president declared that he was ready to "help unlock" the economic potential for the Palestinian people on the road to a peace deal. The American president told his guest that he sees "a very, very good chance and I think you feel the same way". Read More

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Act II for France's Macron: getting the majority to govern

Former French prime minister Manuel Valls said on Tuesday he wanted to be a candidate for newly elected president Emmanuel Macron's centrist movement in next month's legislative elections. Macron will be hoping that most voters take a similarly pragmatic line as he tackles a to-do list of unemployment around 10 percent, simmering tensions in deprived suburbs, and the home-grown Islamist radicalization that has contributed to a wave of attacks since 2015. Read More

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Iraq, Algeria support extension of oil production cuts

Oil prices have increased due to reports that Saudi Arabia may reduce crude exports to offset the impact of rising USA output, which is preventing the market from restoring stability. government figures. Also supporting prices were comments from Algeria's energy minister that Algeria and Iraq favour extending global supply cuts when OPEC meets this month. Read More

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Warren Buffett's one-word answer for why he hasn't purchased Amazon shares

He told CNBC that while most people might buy appliances on price, he'd noticed that it was much easier to persuade people to pay more to buy the furniture they really wanted, rather than a cheaper alternative. Unlike in many other countries where much of health care spending is publicly financed, employers provide health insurance coverage for almost half of Americans and often face skyrocketing rates. Read More

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Comey never told Trump he wasn't under investigation

Comey never told Trump he wasn't under investigation

White House spokeswoman Sarah Huckabee Sanders on Wednesday pushed back on the criticism, claiming that the administration has been considering the move since Trump was elected in November. A key Senate committee investigating Russia's meddling in the 2016 election has asked ousted FBI Director James Comey to testify, according to the committee's top Democrat. Read More

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US mulling extending carry-on computer ban to Europe

A final decision on whether or not to expand the electronics ban could be coming in the next couple of weeks. Now, the ban is expected to be expanded to include flights coming to the USA from Europe. In March, the initial ban was announced for nonstop flights to the US from 10 worldwide airports serving the cities of Cairo in Egypt; Amman in Jordan; Kuwait City in Kuwait; Casablanca in Morocco; Doha in Qatar; Riyadh and Jeddah in Saudi Arabia; Istanbul in Turkey; and Abu Dhabi and Dubai in ... Read More

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Boeing halts test flights of new plane over engine issue

Boeing halts test flights of new plane over engine issue

The engine had achieved U.S. Federal Aviation Administration (FAA) and European EASA certification in May 2016. The head of Safran's SAF.PA aircraft engines division said on Thursday that an engine problem with a Boeing BA .N plane was not a design issue, and that an Airbus AIR.PA plane using a different version of that engine was not affected. Read More

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Dakota Access pipeline leaked 84 gallons of oil in April

Dakota Access pipeline leaked 84 gallons of oil in April

Eighty-four gallons of crude oil spilled from a pump along the controversial Dakota Access pipeline in South Dakota, the Dakota Media Group reported . According to The Columbus Dispatch , the Federal Energy Regulatory Commission sent a letter on Wednesday prohibiting Texas-based Rover Pipeline from any new drilling activities until the company complies with new measures and receives authorization. Read More

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Oil price up on in USA petroleum stocks, possible OPEC cut extension

West Texas Intermediate (WTI) crude oil prices are forecast to average $2 per barrel less than Brent prices in both 2017 and 2018, according to the report. At 522.5 million barrels, crude stocks were the lowest since February. Nigeria, which along with Libya is exempt from OPEC cuts, is also expected to see a jump in output soon as Shell tests the Trans Forcados oil export pipeline before it restarts. Read More

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Fallout from Trump's Dismissal of FBI Director

Senior administration officials initially insisted on Tuesday the President was following the recommendation of Deputy Attorney General Rod Rosenstein by firing Comey . "I'm not going to spend time on the decision or the way it was executed". Some Republicans said Comey's firing will be a fresh start, while others called Trump's dismissal bad timing . Read More

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Kohl's Corporation (NYSE:KSS) Experiencing Unusual Activity Mid-day

Kohl's Corporation (NYSE:KSS) Experiencing Unusual Activity Mid-day

After a recent spot-check, Kohl's Corporation (NYSE:KSS)'s ATR is 1.13. Ronna Sue Cohen owns 27,994 shares or 1.69% of their USA portfolio. For the three months to end of April, comparable sales growth - a key industry metric that compares year-on-year sales at stores open at least 12 months - fell 2.7 per cent, a much steeper fall than the 0.6 per cent dip that the market was expecting. Read More

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Comey sends farewell letter to friends and agents

But Sen. Chris Van Hollen, D-Maryland - who introduced Rosenstein during his Senate confirmation hearing, recommending him for the post - said Wednesday he's "disappointed" with Rosenstein's letter to Trump . He said: "My hope is that you will continue to live our values and the mission of protecting the American people and upholding the Constitution. In the meantime, we need cooler heads to prevail and not get carried away with theories before we have the facts". Read More

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Comac's C919 Airliner Takes Flight from Shanghai

China finally launched its C919 airliner in Shanghai Friday after nearly three years of delays in a bid to take on the aviation duopoly of Boeing and Airbus. (Tianjin lies on the coast of north-east China.) Boeing has signed an agreement with, perhaps ironically, Comac, to set up an Aircraft Completion Centre for the 737, in the city of Zhoushan, south of Shanghai. Read More

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Lavrov acknowledges Comey fracas by quipping 'Was he fired?'

Trump's meeting with Lavrov came the day after Trump fired FBI Director James Comey, who just recently asked for more money in the investigation into Trump's campaign and Russian Federation. Trump has said he has no ties to Russia and isn't aware of any involvement by his aides in any Russian election interference. But those hopes dimmed when the United States launched dozens of missiles in April at an air base used by Syrian President Bashar Assad's forces in response to a chemical weapons ... Read More

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Tunnel collapse latest safety issue at nuclear site

Henderson added that all non-essential employees that work north of the Wye-Barricade have been asked to stay home while crews work to fix the tunnel. "This system imposes unduly harsh sentences for actions that would not be considered crimes in the United States", it added, reminding Americans that the two countries do not have diplomatic relations. Read More

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Snapchat CEO burns Facebook on earnings call

For now, it's hard to say whether Facebook is truly to blame for Snapchat's decline, especially when the company itself stresses that the losses mostly come from stock-based compensation and bonuses. So how did Snap manage to lose that much money in just three months? The company had aimed to accrue a further two million new users. The company reported an adjusted Ebitda loss of $188.2 million, more than its revenue total and higher than the average analyst estimate of $180.7 ... Read More

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Kushner family apologizes for mentioning White House adviser Jared Kushner

The New York Times reported that at an event in Beijing, Meyer had told investors that the project "means a lot to me and my entire family", and mentioned her brother's former role as chief executive of Kushner Companies . Something like 90 percent of those putting up half a million dollars for a set of green cards through the EB-5 program are from China. Supporters, who point to the billions of dollars invested in American businesses through the EB-5 program, consider it an essential ... Read More

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Tunnel collapse renews safety concerns about nuclear sites

Tunnel collapse renews safety concerns about nuclear sites

A 20-foot hole in the roof of a tunnel at Washington state's nuclear waste site is being filled with soil, according to the US Department of Energy. Till now there are no indications of any nuclear waste's radiation leakage in the surrounding regions, but it is mandatory for the authorities to take extreme precautions at the incident, says the plant's officials. Read More

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Oil jumps on drop in US crude stocks

International Brent crude futures were at $50.46 a barrel at 4.38am GMT on Thursday, up 24c, or 0.5%, from their last close. Higher crude output from the U.S. In addition to the potential extension of the OPEC agreement into 2018, some ministers have also discussed the possibility of deepening their output cuts, said four delegates. Read More

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North Korea has a long history of odd accusations

The North Korean Security Ministry alleged that a North Korean native working in Russian Federation as a lumberjack was "bribed", Yonhap reports , by the Central Intelligence Agency and NIS to kill Kim Jong-un. Pyongyang, which says it needs nuclear weapons to defend itself against invasion, has carried out a series of missile launches and threatened a sixth atomic test, while the administration of new US President Donald Trump has said that military action was an "option on the table" - ... Read More

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Snapdeal sale: Softbank a step closer to bring Nexus on board

Snapdeal sale: Softbank a step closer to bring Nexus on board

In the said annual report , the Japanese giant has yet again announced that it has written down the value of its investments by a hefty 160.42 billion yen (approx $1.41 billion). For Softbank, whose Indian investments haven't really paid off, this deal is a silver lining. Top three investors Softbak, Nexus and Kalaari Capital in Snapdeal had in past failed to arrive at a consensus on proposal to sale Flipkart owing to certain differences that surfaced after the proposal was first mooted. Read More

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N/Korea accuses U.S. of plot to assassinate president

KCNA continued to tell the story including all the details but eventually said that it wasn't successful. The U.S. has tried talking one-on-one with the North Koreans, it has tried bringing in other nations in the area to talk reason to North Korea, and North Korea has made promises that last long enough to get some economic sanctions lifted. Read More

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China's 1st big passenger jet completes maiden flight

China's 1st big passenger jet completes maiden flight

While the C919 is part of China's goal to break into the Western-dominated global aviation industry, U.S. experts believe the new Chinese-made passenger planes pose no threat to companies like Boeing and Airbus. The country is already an adept designer of military aircraft, but has sought to catch up to Boeing in the USA and Airbus in Europe in manufacturing civilian airliners. Read More

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Phoenix serial killing suspect arrested in deaths of 7

Phoenix Police Chief Jeri L. Williams announces, Monday, May 8, 2017, in Phoenix, the arrest of 23-year-old Aaron Juan Saucedo in connection with the serial street shootings that terrorized the Phoenix area over four months in 2016. Other victims cops believe were killed by Saucedo are Diego Verdugo-Sanchez and Krystal White, who were both gunned down in April of previous year; and Horacio De Jesus Peña and Manuel Castro Garcia, who were fatally shot last June. Read More

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Active Volume Stock: Kohl's Corp. (KSS)

Active Volume Stock: Kohl's Corp. (KSS)

Large investors have recently made changes to their positions in the company. Hightower Advsr Ltd Liability Co has invested 0.02% in Kohl's Corporation (NYSE:KSS). for 735,825 shares. "(KSS) This Quarter" was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. A number of research firms have commented on KSS. Read More

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Fed likely to leave rates alone but signal more hikes coming

Its policy statement on Wednesday said the Federal Open Markets Committee "views the slowing in growth during the first quarter as likely to be transitory". Announcement from the Institute for Supply Management that its non-manufacturing purchasing managers index rose to 57.5 in April from having previously recorded an index rise of 55.2 in March beating expectations from economists of an index rise by 55.8 also sent the United States dollar to rally on Wednesday. Read More

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Trump says was 'Psyched to Terminate NAFTA' but Reconsidered

Trump told media he agreed not to scrap the deal but rather renegotiate it after telephone conversations with Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto. The document also blames NAFTA for a "massive transfer of wealth" from the United States, the loss of 700,000 jobs and a more than $1-trillion trade deficit with Mexico since the agreement was enacted in 1993. Read More

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United CEO calls passenger incident epic mistake

Munoz defended United's overbooking policy during the hearing, arguing that it helps the airline better serve passengers. "If airlines don't get their act together, we are going to act; it is going to be one size fits all". United Airlines has issued new guidelines following the incident and announced a settlement with the passenger last week. With the panel rounded out by United Airlines president Scott Kirby, American Airlines senior VP Kerry Philipovitch, Alaska Airlines senior VP ... Read More

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