Economy

European Union says divorce bill, citizens' rights focus of Brexit talks

One European diplomat in London said the political upheaval was such that it was hard to know what to write back to his capital, pouring scorn on May's campaign slogan of "strong and stable leadership". Besides forging a deal to keep her job and preparing for Brexit talks, May is grappling with a crisis over the breakdown in power-sharing between the pro-British DUP and the Catholic nationalist Sinn Fein party in Northern Ireland's separate, devolved government. Read More

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Shimla Municipal Corporation Election Results 2017 - 17 BJP, 13 Congress

Shimla Municipal Corporation Election Results 2017 - 17 BJP, 13 Congress

Last time, the CPI-M had three councillors elected in SMC, apart from Mayor and Deputy Mayor, out of which one had crossed over to Congress later. Out of the total elected representatives of the Council, 50% will be women, this time. The poll verdict to the municipal body assumes significance with the state going for assembly elections next year. A meeting of the councillors, and the election of mayor and deputy mayor would take place the same day as per the provisions of the Himachal ... Read More

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'Cars 3' speeds to No. 1, Tupac biopic nets strong debut

'Cars 3' speeds to No. 1, Tupac biopic nets strong debut

As of Sunday morning, it appears some have fared better than others. Pixar's latest film, cars 3, secured the top spot over the weekend, bringing in $53.5 million over the course of its first three days. Besides, moviegoers ended up liking the movie as the biopic earned an A- CinemaScore. The film directed by Benny Boom takes its audience back into the life of Shakur's evolution as a musician, actor, activist and poet. Read More

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What is Oath; Verizon's new venture combining Yahoo, AOL

Mayer who was not given any bonus for the year 2016 will be getting a severance pay of Dollars 186 Million. The country's largest wireless carrier got Yahoo and its more than 1 billion monthly users at a bargain price following years of turmoil at the Internet provider - high CEO turnover and uncertain direction, culminating in the disclosure (while the merger was pending) of massive data breaches that happened under Mayer. Read More

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Sensex, Nifty slip in late morning trade

Sensex, Nifty slip in late morning trade

Meanwhile, the Nifty was trading higher by 7.35 points or 0.08% at 9,682.45 with 17 components gaining. At 1:08 pm, the S&P BSE Sensex was trading at 31,190, down 120 points, while the broader Nifty50 was at 9,639, down 35 points. A host of significant developments across the globe, including rising tensions in West Asia after major Gulf states severed ties with Qatar , the coming testimony of former Federal Bureau of Investigation director James Comey , besides forthcoming snap ... Read More

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Broker Changes For INVESCO MORTGAGE CAPITAL INC (NYSE:IVR)

Zacks Investment Research downgraded AG Mortgage Investment Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 3rd. 87,992 were accumulated by Commerzbank Aktiengesellschaft Fi. Smithfield Trust holds 1,439 shares or 0% of its portfolio. Legal General Grp Public Limited Co holds 5.31M shares or 0.32% of its portfolio. Read More

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Fed raises rates, unveils balance sheet cuts in sign of confidence

Fed raises rates, unveils balance sheet cuts in sign of confidence

Describing the rate hike as economic progress, the Fed also foresees one additional rate hike later this year but gave no details on when it might occur. US shares looked set to open lower , with Dow futures down 0.4 percent and S&P futures off 0.6 percent. ASIA'S DAY: Japan's Nikkei 225 stock index fell 0.3 percent to 19,831.82 and South Korea's Kospi sank 0.5 percent to 2,361.65. Read More

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Tapwrit wins Belmont Stakes by 2 lengths for Pletcher

Tapwrit wins Belmont Stakes by 2 lengths for Pletcher

After Pimlico, it was a sweet victory for Pletcher. J Boys Echo is one of five Belmont runners who skipped the Preakness after running in the Derby, a route taken previous year by Belmont victor Creator . Irish War Cry paid $4.70 and $3.90 while Patch , another Pletcher-trained horse , returned $6.50 to show. Still, few seemed unduly confident about any single horse in the race. Read More

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Dozens of victims feared to be still inside Grenfell Tower

She met survivors privately on Friday and promised measures including 5 million pounds ($6.4 million) for emergency costs, and new homes nearby within three weeks. "During recent visits in Manchester and London , I have been profoundly struck by the immediate inclination of people throughout the country to offer comfort and support to those in desperate need". Read More

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Malaysia money laundering probe: Leonardo DiCaprio returns Brando's Oscar, Picasso painting

Malaysia money laundering probe: Leonardo DiCaprio returns Brando's Oscar, Picasso painting

The U.S. Justice Department filing was the latest legal action tied to alleged money laundering at the fund set up by Malaysian Prime Minister Najib Razak in 2009 to promote economic development. Hollywood star Leonardo DiCaprio confirmed Friday that he has turned over an Oscar won by Marlon Brando , along with other gifts, amid an inquiry into a multibillion-dollar money-laundering scheme involving a Malaysian sovereign wealth fund. Read More

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The Fed Raises Rates

Kashkari detailed his reasons for dissent in an essay published earlier on Friday, saying they largely turned on his concern about falling inflation despite near-full employment in the US economy. Yellen also cited a low unemployment rate as justification for the rate increase, referring to a relationship between the labor market and price pressures known as the Phillips curve, which she said "remains at work". Read More

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TSA is testing 3-D scanners for carry-on luggage

TSA is testing 3-D scanners for carry-on luggage

One checkpoint lane in Terminal 4 at Phoenix Sky Harbor International Airport is a hotbed of technology at the moment. The system is being installed at Terminal E, where the tests will occur. The new technology comes as the Department of Homeland Security is considering extending a ban imposed in March on taking laptops and other large electronic devices as carry-on US-bound direct flights from 10 North African and Middle East destinations. Read More

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Trump hits out over probe on possible obstruction of justice

Mueller is investigating Russia's interference in the 2016 election and any possible dealings Donald Trump's campaign, transition team , and administration may have had with officials of the Russian Federation. Carson's comments come as speculation mounts that Trump could attempt to fire Mueller, along with Deputy Attorney General Rod Rosenstein , who appointed Mueller to lead the Russian Federation investigation last month. Read More

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Justice Department Says Rod Rosenstein Isn't Recusing Himself From Russia Investigation

In a tweet Thursday morning, Trump , who has been putting together his own team of outside lawyers to represent him, called the Post's report Wednesday that he is being investigated for collusion "phony". On Friday, the president continued to mock the multiple investigations into Russian interference in the presidential election and possible ties between the Kremlin and Trump associates. Read More

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Senate passes Iran and Russian Federation sanctions despite Obama's nuke deal

Senate passes Iran and Russian Federation sanctions despite Obama's nuke deal

The Senate on Thursday voted 98-2 for new sanctions on Iran and Russian Federation, including new powers for Congress to block President Donald Trump from rolling back any penalties against Vladimir Putin's government. The Senate adopted amendment #232 as modified (Russia sanctions) to S. 722, Iran Sanctions, 97-2. From the Senate, the bill still has to be approved by the House and then by President Trump to become law. Read More

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Oil prices edge up; still near 2017 lows on stubborn glut

Oil prices have slipped to six-week lows due to high global inventories and increasing doubts over OPEC's ability to comply with the agreed output cuts. This imbalance would potentially require OPEC to sustain production cuts to prevent further downward pressure on prices. Both crude oil benchmarks have lost all the gains made at the end of a year ago after the oil cartel agreed with other big producers to cut output in an effort to prop up prices. Read More

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Anglo American plc's (AAL) "Sell" Rating Reaffirmed at Liberum Capital

With 940,900 avg volume, 2 days are for Grifols SA Ads (NASDAQ:GRFS)'s short sellers to cover GRFS's short positions. About 267,073 shares traded. Trimble Inc (NASDAQ:TRMB) has risen 51.45% since June 12, 2016 and is uptrending. Market capitalisation for LON:HLMA is £4,299,937,012 GBP. The Company's Infrastructure business includes investment and asset management to generate capital returns and cash income and focuses on the United Kingdom and Europe. Read More

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Amazon is buying Whole Foods in $13.7B deal

Together, we have built an incredible company and have positioned ourselves to deliver outstanding value for Whole Foods Market shareholders - which includes many of you. Every retailer in the market that competes with Whole Foods is going to have to offer their customers similar experience not just in product selection but in availability and timeliness. Read More

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NY Anti-Islamic Law Rally, Counter-Protest Face Off

The March Against Sharia Law happened in nearly 30 cities across the United States on Saturday, including in Kansas City at Washington Square Park at Crown Center. The department said it was still reviewing how many people were arrested and what charges they might face, but at least some were expected to be booked for investigation of assault. Read More

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Uber board approves changes to fix corporate culture

Uber board approves changes to fix corporate culture

Downward spirals in tech don't often end well. One of Uber's top executives and CEO Travis Kalanick's closest aid Emil Michael , has made a decision to leave the company. "If [Kalanick] really wants to save the company, he has to get himself out", says Paul Argenti, a professor of corporate communication at the Tuck School of Business at Dartmouth. Read More

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Banks Rejoice as Federal Reserve Hikes Rate to 1

Banks Rejoice as Federal Reserve Hikes Rate to 1

The US Federal Reserve has hiked its fed funds rate three times aggregating to 75 basis points in just the past six months. It expects to begin the normalization of its balance sheet this year, gradually ramping up the pace. It means an interest rate maybe double today's, but lower than the rates we often experienced before the crisis. Health care and education cost have grown faster, but prices for clothes, furnishings and food have generally increased less or no more than household ... Read More

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Hot, humid weekend in store for the midsatte

An upper-level system moving over the Great Lakes deepens Sunday night and Monday , a cool front will trigger more numerous showers and thunderstorms Monday night into Tuesday . Partly cloudy, a stray shower possible. High temperatures will be near 90 with heat indices around 93. Between that and the rain, our temperatures will be about 10° cooler than the weekend with highs in the mid to upper 70s Monday afternoon. Read More

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