Economy

Dollar Extends First Weekly Gain of Year Before Yellen Speaks

Dollar Extends First Weekly Gain of Year Before Yellen Speaks

Some safe-haven demand has surfaced again following the resignation of President Trump's national security advisor, Mike Flynn, who made contradictory statements about his contacts with Russian Federation. We expect to see a strong pushback from the Chair and in the age of "currency wars" the Fed's independence remains a key ingredient to a strong-USD view, since the rhetoric from the Administration has increasingly targeted foreign-currency weakness. Read More

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Toshiba chairman resigns as company reports huge nuclear loss

Toshiba chairman resigns as company reports huge nuclear loss

For Japan's Toshiba Corp, Tuesday was a day of last-minute delays and confusion. "They are losing trust", said Ichiro Yamada, general manager of the equities department at Fukoku Mutual Life Insurance Co. The company also downgraded its earnings projection for the full year through March to a 390 billion yen loss, from the previous estimate of a 145 billion yen profit. Read More

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Greek bailout delay could result in re-rerun of 2015, says governor

The latest comments from German Finance Minister Wolfgang Schaeuble show that he "seems convinced that attack is the best form of defense", said Piccoli. "Moreover it is not correcting those forecasts based on facts, based on the actual outcomes", he said. A mission of experts from the lenders was expected to return to Athens this week to give their latest state of play report, European Union officials said. Read More

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German economy grew 0.4% in fourth quarter

The economy continued with its moderate growth, expanding 0.4 percent quarter-on-quarter on a seasonally adjusted basis, noted the Federal Statistical Office (Destatis). "Political uncertainty regarding Brexit, the future United States economic policy as well as the considerable number of upcoming elections in Europe further depresses expectations". Read More

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Rolls-Royce reports record loss of £4.6bn

Rolls-Royce's order book increased by £3.3bn to £79.8bn during the year, led by its civil aerospace arm - and on an underlying basis, pre-tax profits were actually ahead of expectations. The group said in December it was slashing another 800 jobs worldwide at Rolls-Royce across its embattled marine business. In addition, aftermarket services revenue was robust for in-production large engines, but declined for regional and older large engines. Read More

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Worker Missing in Louisiana Pipeline Explosion Assumed Dead

Charles Parish Coroner's office will begin their investigation", Phillips 66 said in an 8:30 a.m. update. "Our deepest sympathies go out to Josh's family, friends and co-workers", read a statement from Phillips 66. on February 9, and two of them were taken to hospitals, the company said. The high-velocity pipeline contains propane and possibly other similar gases, according to officials. Read More

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Trump administration begins immigration raids across the US

Trump administration begins immigration raids across the US

Following up on the policies stated in the executive order passed by President Donald Trump, the US immigration authorities have reportedly arrested hundreds of undocumented immigrants this week. Paul, have agreed to be sanctuary churches. The man has been living in the United States for 27 years, has no criminal record and has a wife and four USA -born children. Read More

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Toshiba shares take a dive amid loss-reporting delay

Toshiba is getting ready to announce a writedown of as much as 700 billion yen ($6.1 billion) in its nuclear power business due to cost overruns at a USA unit and diminishing prospects for its atomic-energy operations. Shares in the troubled Japanese conglomerate plunged as much as 10 percent Tuesday after it failed to report earnings at the scheduled time. One likely measure is setting up a committee at Westinghouse Electric, the subsidiary responsible for the loss, to evaluate its profits ... Read More

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GVK Group wins bid for Navi Mumbai International Airport

GVK Group wins bid for Navi Mumbai International Airport

The MUMBAI International Airport Ltd (MIAL) led by GVK, which operates the Chhatrapati Shivaji International Airport in Mumbai, will now build the long-delayed Navi Mumbai International Airport. Delhi, Mumbai and Chennai airports are bursting at the seams, with passenger traffic that is rising over 23% every year, making India the fastest growing aviation market in the world. Read More

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Quebec City Mosque Shooting Suspect Criticized Refugees and Supported President Trump Online

Bissonnette's online profile and school friendships revealed little interest in extremist politics until last March when French nationalist leader Marine Le Pen visited Quebec City and inspired Mr. New York Mayor Bill de Blasio also said police were providing additional protection for mosques in that city-while noting that "the terrible attack in Quebec is not an outlier". Read More

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Is Restaurant Brands International Inc. in Your Portfolio?

Is Restaurant Brands International Inc. in Your Portfolio?

The Canada-based company reported adjusted earnings of 44 cents per share, up 37.5% from a year ago and above the FactSet consensus of 43 cents a share. "We are here for the long run", Schwartz said. Stratos Wealth Partners LTD. now owns 5,904 shares of the company's stock worth $263,000 after buying an additional 381 shares during the last quarter. Read More

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Senate uses arcane rule to silence Warren in Sessions debate

Senate uses arcane rule to silence Warren in Sessions debate

One thing's for sure, however: the circumstances surrounding Rule 19's creation were quite different than Tuesday's exchange on the Senate floor. Sessions for the position of US attorney general, Senate Majority Leader Mitch McConnell, R-Ky., silenced Warren shortly after she read Coretta Scott King's words, invoking an obscure Senate rule against impugning colleagues. Read More

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Metro Detroit Gas Prices Rise

Metro Detroit Gas Prices Rise

Average retail gasoline prices in IL rose 4 cents a gallon in the past week, averaging $2.30 on Monday, according to GasBuddy's daily survey of 4,378 gas outlets in IL. The national average on Sunday was $2.27 per gallon, up 1.4 cents from a week earlier, down 7.1 cents from a month ago and up 57.9 cents from a year ago. Read More

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Paulo Coelho asserts SRK deserved Oscar for MNIK on film's 7th anniversary

SS Rajamouli's Baahubali: The Conclusion (Bahubali 2) has been making headlines for various reasons and now the film is again in news for Shah Rukh Khan . "It's kinda sad too that MNIK is still relevant". Khan has given various memorable cameos in the past, such as in Shaad Ali's 2002 romantic film Saathiya , Raj Kanwar's 2010 romantic drama Har Dil Jo Pyar Karega , Sajid Khan's 2007 directorial debut Heyy Babyy , Zoya Akhtar's directorial debut Luck By Chance , the Bhoothnath ... Read More

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Experiences make for popular, low-cost Valentine's Day gifts

Experiences make for popular, low-cost Valentine's Day gifts

It takes about two minutes", said Tracy Wey. Girls also loves to give their boyfriends lots of kisses and hugs on the valentine day. The greatest gift you can give your loved one is the gift of health, strength and long life. "Instead, I greet my girlfriend verbally or on Facebook". Mass-produced Valentine's cards became prominent in the 1840s, and the day became a major consumer holiday . Read More

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Featured Stock Overview: Starbucks Corporation (NASDAQ:SBUX)

Buffington Mohr McNeal now owns 2,142 shares of the coffee company's stock worth $115,000 after buying an additional 17 shares during the period. Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. If you are accessing this article on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark law. Read More

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After 8 previous nominations, Londoner takes home a grammy at last

Herms, who grew up the son of an Edmonton Pentecostal minister before working with the likes of Barbra Streisand and Josh Groban, believes his Grammy will give him an extra boost of motivation as he returns to his Nashville studio. Last night, Drake landed multiple Grammy Awards trophies from the annual ceremony . "Right now Drake and the boys are out in London finishing up the tour", he said a short speech. Read More

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Infosys stock jumps 2% despite board-founders differences

Infosys stock jumps 2% despite board-founders differences

Seshasayee , Chairman, Infosys. Seshayee said that the IT major conducted a thorough probe after it received a complaint over the issue of hefty severance package given to former CFO Rajiv Bansal who had quit Infoys at the end of 2015. Seshasayee explained that the hike was linked to the longevity of Vishal in the company. Focusing on the cost without focusing on the value is a big disservice to Sikka . Read More

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Disney parks just raised admission prices … again

In California, the best time to visit California Adventure of Disneyland is during Value Days, or low season periods, where admission to either park will now cost $97- an increase of $2. Perhaps you've suffered the same fate and existential crisis when purchasing tickets. Disney will keep prices unchanged for its two highest level annual passes: Signature Passport ($849), and Signature Plus ($1,049), adds Bloomberg . Read More

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Stock Price of Brookfield Asset Management Inc (BAM) Increases 4.34%

Stock Price of Brookfield Asset Management Inc (BAM) Increases 4.34%

Citigroup Inc. began coverage on Brookfield Asset Management in a research report on Thursday, January 19th. TheStreet cut Brookfield Asset Management from a "buy" rating to a "hold" rating in a research report on Wednesday, December 14th. The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be issued a $0.14 dividend. Read More

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Heineken steps up challenge to AB InBev in Brazil

To advance restructuring, Kirin logged around 110 billion yen in extraordinary losses for the Brazilian business in 2015. Along with the five breweries and sales network that it bought from Femsa in 2010, Heineken will become a significant player in what is the world's third largest beer market, after China and North America. Read More

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Chance The Rapper's Spotify streams increase by 200% following Grammys success

It was a honest, powerful moment for the Chicago emcee, who is clearly capping one incredible year with the start of another. Drake picked up two more Grammys for "Hotline Bling" by winning Best Rap Song and Best Rap/Sung collaboration. Chance's insistence on keeping control over his music is not unlike the attitude of the late Prince, or of fellow tradition-breaking artist Frank Ocean, who spent years buying himself out of his label contracts. Read More

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The Emerson Electric Company (EMR) Shares Sold by HighTower Advisors LLC

Mosaic Family Wealth LLC's holdings in Emerson Electric Company were worth $1,314,000 as of its most recent SEC filing. Williams Capital initiated coverage on El Paso Electric Company in a research report on Wednesday, January 11th. Emerson Electric Company had a net margin of 8.50% and a return on equity of 24.26%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. Read More

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Trump Guest Causes Stir With Controversial Photo

Trump Guest Causes Stir With Controversial Photo

DeAgazio continued in the caption to say he and other members of Mar-a-Lago were "at the center of the action". "It is held by an aide-to-camp, and [] is the man". According to another post from DeAgazio of his membership letter, he joined the club after the election. That was after he had dinner with a female friend on Friday night for her birthday, and snapped the photo of her planting a kiss on the cheek of President Trump. Read More

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Trump might be more

Trump might be more "convenient" but could still set limits - Netanyahu

Approximately 500,000 Israelis now live in more than 100 Jewish-only settlements built since Israel occupied the Palestinian West Bank and east Jerusalem in 1967. Davis has been one of America's most vocal black activists. On Friday, Trump told an Israeli newspaper that "going forward with settlements" is not a "good thing for peace", a position that puts him far closer to traditional US policy, and to Obama, than before. Read More

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Allergan To Acquire Body Contouring Company Zeltiq Aesthetics For $2.5 Billion

On Sep 16 ZELTIQ Aesthetics, Inc . "The deal makes sense" in large part because it would enable Allergan to sell multiple procedures to individual patients, analyst Jonathan Block of the investment firm Stifel Financial Corp. Currently, the company has SMA200 (200-day simple moving average) of 35.99 Percent. ZELTIQ Aesthetics, Inc . P/E (price to earnings) ratio is 66.76 and Forward P/E ratio of 158.84. Read More

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