Economy

Ransomware cyber-attack a wake-up call

Cybersecurity firm Avast said it tracked more than 75,000 ransomware attacks in 99 countries Friday. But the agency added that some infections may not yet have been detected, and that existing infections can spread within networks. The US security firm Symantec said the attack appeared to be indiscriminate. Security agencies in affected countries were racing to find out. Europol, the European Union's police agency, said the onslaught was at "an unprecedented level and will require a complex ... Read More

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SpaceX Falcon 9 blasts off with mega satellite, no landing

SpaceX Falcon 9 blasts off with mega satellite, no landing

Department of Defense . Spectators who have become used to seeing and hearing the landing of the Falcon 9's first stage would be disappointed. If successful, it would be a record of six launches in just four months. This was SpaceX's sixth launch so far this year, its 34th Falcon 9 flight overall and the seventh since a Falcon 9 exploded on its Cape Canaveral Air Force Base launch pad September 1. Read More

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United Airlines says cockpit door access information made public

United Airlines says cockpit door access information made public

Even if the right code is entered, pilots have the ability to override the system and prevent someone from entering the cockpit. "United utilizes a number of measures to keep our flight decks secure beyond door-access information". After passenger Dr. David Dao was forcibly dragged off a flight to make room for staff in a manner which left him with facial injuries, the airline was forced to apologize and offered what was likely a substantial amount of compensation to prevent the firm being ... Read More

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NASSCOM refutes reports of mass layoffs by Indian IT companies

NASSCOM refutes reports of mass layoffs by Indian IT companies

Wipro has also reportedly started the process of making the organisation leaner and more decentralised by reducing unwanted and excess managers and executives. "Each year our employees are evaluated based on strict performance criteria in an objective process, consistent with industry norms, to ensure we are aligned with our customer needs, business priorities, and the overall industry evolution". Read More

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Jefferies Group LLC Boosts Dcc Plc (DCC) Price Target to GBX 8500

Abiomed Inc now has $5.76B valuation. XNCR's SI was 1.98 million shares in May as released by FINRA. About 1.35M shares traded. Microsemi Corporation (NASDAQ:MSCC) has risen 20.41% since October 4, 2016 and is uptrending. The stock has "Hold" rating by Zacks on Saturday, August 8. On Monday, May 16 the stock rating was maintained by Peel Hunt with "Buy". Among 31 analysts covering AstraZeneca PLC ( LON:AZN ), 15 have Buy rating, 5 Sell and 11 Hold. Read More

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Trump Delays Decision on Paris Climate Accord Amid Infighting

The business world is also mobilizing to voice their support for the agreement, which GOP heavyweights and Climate Leadership Council leaders George Shultz and Ted Halstead summarized in a New York Times op-ed. But full withdrawal would roil Washington's allies and seriously undermine global efforts to limit carbon emissions, which the vast majority of experts say are changing the climate in risky ways. Read More

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Religious Leaders Weigh-in on Latest Executive Order

Religious Leaders Weigh-in on Latest Executive Order

He vowed to defend all faiths, saying the order showed the United States "will never stand for religious discrimination". DAVID SAPERSTEIN: What is a pastor to if a congregant who's a major donor says , I'll give you the gift this year but only if you endorse such a candidate? GJELTEN: Trump's actual order, however, only directed the Justice Department to, quote, " issue guidance interpreting religious liberty protections in federal law". Read More

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Australian Banks Condemn 'Hasty' New Levy

Unsurprisingly, the head of the Australian bankers' Association dubbed the new tax to be: "a direct attack on jobs and growth", but he will garner little sympathy outside of banking circles. Westpac chief executive Brian Hartzer said the levy was a "stealth tax" that would reduce the worldwide competitiveness of the sector, while flagging a possible increase in interest rates for borrowers, job cuts, or a reduction in returns to shareholders. Read More

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Oil steadies but rattled by concern about OPEC's clout

Oil steadies but rattled by concern about OPEC's clout

It has reduced output by more than 500,000 bpd so its total production now runs slightly below 10 million bpd, mostly involving cuts in output of medium and heavy oil grades. Market participants are now largely expecting OPEC to extend, and possibly deepen, the supply cuts when they meet for a summit on May 25. Today, OPEC released data showing that production fell by 18,000 barrels a day April, even as Saudi Arabia raised output. Read More

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Deutsche reiterated Compass Group (LON:CPG) as 'Hold'

On 10/27/2016 BT Group plc announced a dividend of $0.28 with an ex dividend date of 12/28/2016 which will be payable on 2/13/2017. The stock decreased 0.59% or $0.49 during the last trading session, reaching $81.97. It has a 18.8 P/E ratio. The Company's segments include retail/wholesale and licensing. Interserve plc using EPIC/TICKER code (LON:IRV) has had its stock rating noted as "Reiterates" with the recommendation being set at "HOLD" this morning by analysts at Liberum Capital. Read More

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Russian Federation says Syria safe zones to be closed to United States aircraft

Russian Federation says Syria safe zones to be closed to United States aircraft

The de-escalation zones will be in rebel-held territory in the northwestern province of Idlib, in parts of Homs province in the center, in the south, and in the opposition enclave of Eastern Ghouta near Damascus. And most complicating of all, all three of those countries are already combatants mired in the war, far from neutral "peacekeepers". The HNC also said the deal was an attempt to give Syrian government troops military victories they could not achieve on the battleground by ... Read More

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Israel cuts million dollar funding to United Nations over critical resolution

Israel was infuriated by Sweden's vote , with Foreign Ministry spokesperson Emmanuel Nahshon posting on Twitter: "Hard to believe Sweden is the only European country which voted against Israel at UNESCO today!" Israel said , on Wednesday, that it will cut back $1 million in aid for UNESCO, in response to a recent resolution which is critical of Israeli policy in Jerusalem . Read More

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Microsoft unveiled the Surface Laptop with Windows 10 S

Yesterday, leaked images pointed towards Microsoft launching its answer to the Chromebook Pixel laptop series that's been revered by education-centered audiences. Windows 10 S can run any browser in the Windows Store. Microsoft's (MSFT) newest laptop appears to be taking on not just Alphabet's (GOOGL) Google Chromebooks, as expected, but Apple's (AAPL) laptops as well. Read More

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US told by rest of G7: don't go it alone

On Saturday, the Finance Ministers of the G-7 countries, which are Canada, France, Germany, Japan, Italy, the United States and U.K., are going to discuss how to make growth more inclusive, how to illicit money flows, and how to fight tax evasion , reported ABC News, according to Focus News Agency. Read More

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Trump, South Korea's Moon agree to cooperate on North Korea

Trump, South Korea's Moon agree to cooperate on North Korea

South Korean President Moon Jae-in holds a telephone conversation with Australian Prime Minister Malcolm Turnbull at his presidential office in Seoul on May 12, 2017. But the U.S. has refused the back down, insisting it will use "all the means at our disposal" to denuclearise the Korean peninsula. Moon and Trump may also disagree on the US missile defense system THAAD. Read More

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Oil Prices Dropped as Oversupply Concerns Return

The drop is the result of continued concerns of oversupply and persistent production glut despite previous assurances from Saudi Arabia that OPEC together with Russian Federation will get supply under control. At the next meeting on May 25, the cartel will decide whether to expand their agreement to lower crude production. The selloff in part was because of the return of OPEC members in Libya to the marketplace and the fact that while OPEC said they would extend their production cut, it was ... Read More

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We will all suffer under Trumpcare

But Lankford said the road ahead faces tough going because the House plan, embraced by President Donald Trump, won't provide sufficient subsidies for low-income people to afford insurance . The problem with all that, Jones said, is it's not going to be enough money. The House bill actually enhances federal funding for the 31 states and the District of Columbia that chose to expand its Medicaid program. Read More

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Coach: Kate Spade Buy a Good Deal?

Here's what they had to say. Coach will pay $18.50 in cash for each Kate Spade share - an increase of almost 30% from where the stock was trading prior to rumors of a sale. The acquisition will add to earnings from fiscal 2018, and will lead to "double-digit accretion" by the following year, Coach said. Analyst Christian Buss sees Coach's efforts to clean up Kate Spade's distribution and cut costs as the major profit tailwinds. Read More

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China's dealmakers edge out Trump in first round

China's dealmakers edge out Trump in first round

In turn, China will be able to send cooked poultry to the USA once the two sides resolve "outstanding issues" - mostly related to concerns over safety and hygiene. Exports of beef and gas were unlikely to shift the balance of trade in a big way, Evans-Pritchard said. In 2014, the United States exported about $315 million worth of poultry products to China , including chicken feet, or paws, which are popular there. Read More

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Sinclair To Expand US Footprint With $3.9 Billion Tribune Deal

Sinclair To Expand US Footprint With $3.9 Billion Tribune Deal

Fox News owner 21st Century Fox and a NY investment firm were recently in talks to buy Tribune , seeking to acquire Tribune-owned local TV stations including WGN in Chicago and PIX 11 in NY. But the FCC, under chairman Ajit Pai, newly appointed to that post by Trump, has moved to reinstate an archaic rule known as the "UHF discount" that allows broadcasters to understate their overall reach. Read More

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Oil prices rise in Asia in expectation of Aramco supply cut

Oil prices rise in Asia in expectation of Aramco supply cut

The Energy Information Administration reported that USA commercial crude inventories fell by 5.2 million barrels to a total of 522.5 in the week through May 5. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. OPEC is curbing its output by about 1.2 million barrels per day (bpd) from January 1 for six months, the first reduction in eight years, to clear excess supply. Read More

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Snap Co-Founder Evan Spiegel Just Lost More than $1 Billion

Shares in Snap have sunk after it reported slow growth in its first quarter. Barclays, which received the fifth-most shares, lowered its price target to $18 from $24, while keeping a neutral rating. SNAP shares closed $22.98 per share and went down to as much as $17.68 each after hours. The company now has an average rating of "Hold" and a consensus target price of $23.08. Read More

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