Economy

Uber President Jeff Jones Resigns After Six Months of Controversy

Jones is the latest to quit the company after a string of high profile exits including that of Amit Singhal who was asked to resign because of a sexual harassment allegation against hime in his previous job at Alphabet Inc's Google. Uber has since prohibited the use of Greyball to target local regulators. "In 6 months, he made an important impact on the company - from his focus on being driver obsessed to delivering our first brand reputation study, which will help set our course in the ... Read More

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AI made operational loss, not profit:CAG says AI's loss at Rs…

AI made operational loss, not profit:CAG says AI's loss at Rs…

Kurian told reporters here. Heavily-indebted Air India, which was bailed out in 2012 with $5.8 billion of government funding, saw its short-term loans rising to four times the limits laid down in its turnaround plan, the CAG said. "For 2015-16 where Air India has reported an operating profit of approximately Rs 105 crore, the audit of Air India's standalone accounts for 2015-16 has been completed", Deputy CAG Pradeep Rao said. Read More

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Single-payer health care is best plan

Single-payer health care is best plan

The hardest hit would be those who are older and with the lowest incomes, a considerable demographic in Florida, said David Bruns, an AARP spokesman. The CBO projected that premiums would be 20% to 25% higher for a 64-year-old in 2026 than they would be under Obamacare. Driven by the ways in which the bill would seriously harm Americans 50 and older, AARP has chose to make the decision on final passage in the House "an accountability vote". Read More

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Yogi Adityanath era begins in Uttar Pradesh

Yogi Adityanath era begins in Uttar Pradesh

Adityanath-led Uttar Pradesh team comprises Nand Gopal Gupta Nandi, Siddharth Nath Singh, Mukut Bihari Verma and Ashutosh Tandon as cabinet ministers. "We will work together for the development of all without any bias against community and religion". 'Polarisation' Opposition Congress Party leader Manish Tewari criticised Mr Adityanath's appointment, saying it was a "harbinger for greater polarisation". Read More

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Chesapeake Energy Corporation (CHK) Closed last trading session at $5.45

Public Employees Retirement System of OH raised its stake in shares of Chesapeake Energy by 65.2% in the second quarter. Numeric Investors LLC increased its stake in shares of Chesapeake Energy by 1,623.1% in the fourth quarter. Ladenburg Thalmann Financial Services lifted their price target on Chesapeake Energy from $6.00 to $7.50 in a report on Sunday, December 4th. 29 Analysts think that the Price Target for Chesapeake Energy Corporation (NYSE: CHK ) might hit $7.43, however, the High ... Read More

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G20 Leaders 'Caved Into Pressure' From President Trump

The lack of reference to anti-protectionism in a joint statement released after a meeting of G-20 finance ministers and central bank governors over the weekend poses greater risks to trade-reliant Korea, observers said. "I regret that our discussions today were unable to reach a satisfying conclusion on two absolutely essential priorities that our world and which France would have liked to see the G20 continue to take firm and concerted action on", said French Finance Minister Michel Sapin. Read More

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Rock & roll pioneer Chuck Berry dies aged 90

Rock & roll pioneer Chuck Berry dies aged 90

Goode ", died today in St. Charles County, Mo. To celebrate turning 90, the rocker announced last fall he would release his first album in 38 years - "Chuck" - sometime in 2017 on the Nashville-based lable Dualtone. 5 on its pop chart. Among other big-screen Berry moments, Marty McFly (aka Michael J. Fox) gets into a little " Johnny B. Goode " action in 1985's " Back to the Future ". Read More

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Mnuchin at G-20: USA wants free but fair and balanced trade

The group's final statement Saturday said that countries "are working to strengthen the contribution of trade" to their economies. Early drafts have dropped an earlier ban on protectionism, but there was no agreement on what to replace it with or exactly how to put their position into words, said officials who briefed reporters Friday on condition of anonymity because the talks were ongoing. Read More

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World powers fail to agree to oppose trade protectionism

Finance ministers from the world's biggest economies on Saturday failed to get the USA to renew an anti-protectionist pledge and a vow to fight climate change, in the face of Donald Trump's "America First" push. But it wasn't clear what one or another meant by that", he said. President Donald Trump's administration has previously expressed its will to make worldwide trade rules fairer, raising concerns among exporting nations like Germany. Read More

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JCPenney: All UP locations to close

JCPenney: All UP locations to close

The Limited closed its remaining stores last month , and American Apparel, which filed for bankruptcy for a second time previous year, is expected to close all its stores. Most affected stores will begin the liquidation process April 17. JCPenney will also close two distribution centers. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers", said Marvin R. Read More

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G20 finance ministers drop anti-protectionist pledge

The outcome marked a win for Trump, whose "America First" agenda and anti-globalization rhetoric has spooked allies. "At some meetings you can not reach all that you want to achieve". The Hamburg summit is to be chaired by German Chancellor Angela Merkel, whose nation now holds the G20 presidency. Germany now holds the G20 presidency. Read More

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New MTA Fares Go Into Effect Next Week

New MTA Fares Go Into Effect Next Week

However, the MTA board voted to keep the base fare for subways and buses at $2.75 but decrease the bonus riders gets when they put cash on their MetroCards. The E-ZPass toll at the Verrazano-Narrows Bridge will increase by 44 cents to $11.52, while cash tolls increase $1 to $17. The service is awful, and MTA line their pockets enough. Read More

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G20 Finance Ministers Fail to Agree on Free Trade Following US Pressure

World leaders redoubled their commitment to free trade in the wake of the global financial crisis in 2008 as they sought to prevent recession turning into a global depression. In this first G20 summit of the Trump era, there was trepidation among other members, following Trump's declaration of an "America First" agenda, and his criticism of the trade policies of China, Mexico, and others. Read More

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The Raymond James Trust NA invests in US Bancorp (USB) Shares

Heading into the stock price potential, PacWest Bancorp needs to grow just 9.24% to cross its median price target of $60.75. First Trust Advisors LP increased its position in First Financial Bancorp by 16.5% in the third quarter. OFG Bancorp had its "neutral" rating reiterated by analysts at Piper Jaffray. They noted that the move was a valuation call. These analysts have also projected a Low Estimate of $0.77/share and a High Estimate of $0.85/share. Read More

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Justice Department files brief saying consumer watchdog agency's structure is unconstitutional

Justice Department files brief saying consumer watchdog agency's structure is unconstitutional

This marks the first time a presidential administration has sought to dismiss an independent agency's director for cause. Finally, the United States argues that the Court's grant of rehearing en banc in Lucia v. The Department wants the President to be able to fire the director at will. The members of such commissions normally are split between the political parties. Read More

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Trump Seeks $2.5B Cut For DOL Budget

Trump Seeks $2.5B Cut For DOL Budget

The Senate Minority leader aired his thoughts on the budget plan in Saratoga County Thursday. It is the cornerstone of preparedness and prevention against terrorist threats, and enables us to do what we can do to keep the city secure, ' the New York Daily News reported. Read More

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Duterte on Panatag: We can not stop China from doing its thing

Beijing rejected both the authority of the tribunal and the ruling, while continuing its activities in the South China Sea; Tillerson previously called these activities "illegal" during his confirmation hearing. Duterte said if American naval ships were allowed to cross Philippine territory, Chinese coast guards should be able to do so as well. President Duterte, meanwhile, said the Chinese presence is nothing to worry about for now. Read More

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Number 10: 'Ridiculous' claims from Sean Spicer 'will not be repeated'

In a series of tweets earlier in March, Trump accused Obama of spying on him during the 2016 presidential campaign, in which he defeated Democratic candidate Hillary Clinton. The phrasing of the statement left open the possibility that tenants or employees working in the tower may have been monitored. The department is slated to provide a response to the committee by Monday. Read More

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JCPenney closes Michigan Sault store

The JCPenney at the Palisades Center will be shutting down as part of the company's plan to shutter 138 of its stores nationwide over the next few months. "Therefore, our decision to close stores will allow us to raise the overall brand standard of the Company and allocate capital more efficiently". One in Lakeland Florida and the second in Buena California. Read More

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Maharashtra budget today amid growing clamour for farm loan waiver

Maharashtra budget today amid growing clamour for farm loan waiver

Mumbai: Maharashtra finance minister Sudhir Mungantiwar will present state's budget for 2017-18 at 2pm on Saturday in the legislative assembly amid a growing clamour for farm debt-waiver by legislators of all political parties. For the youth skill development and employment under the Pramod Mahajan Kaushalya Udhyogatha Vikas Abhiyan, as 25 per cent population is in the age group of 18-30 years, about 1,970 training institutions have been listed to give training to 1.22 lakh youths, of them 57 ... Read More

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Kyodo: G-20 finance chiefs begin talks amid trade, currency concerns

Mnuchin has said trade needs to be "fair", which would be a step back from the group's previous blanket condemnation of trade barriers. Chinese Finance Minister Xiao Jie said his country would "unswervingly oppose trade protectionism". German Chancellor Angela Merkel and Chinese President Xi Jinping agreed to work together for free trade and open markets, a German government spokesman said. Read More

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German Kurds stage anti-Erdogan protest in Frankfurt

German Kurds stage anti-Erdogan protest in Frankfurt

The demonstration was linked to the ancient festival of Newroz . Frankfurt police described the protest as peaceful and said most of the demonstrators had complied with German law. On the same day that PKK followers marched in Frankfurt, the deputy chair of Turkish ruling Justice and Development Party was banned from addressing local Turkish community in the northern German state of Lower Saxony. Read More

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Japan, US agree to abide by G7, G20 FX agreement - Aso

The conspicuous omission came amid a push by US President Donald Trump to pursue an "America First" policy that includes penalising companies that manufacture overseas by heavily taxing their products. He added that the final communique contained language that was not very concrete but which reflected the economies' shared commitment to fair trade, as demanded by the USA, and rejection of currency manipulation. Read More

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McConnell: Congress will raise debt ceiling in the near future

McConnell: Congress will raise debt ceiling in the near future

Back in November 2015, federal lawmakers suspended the federal debt ceiling, which would be about $19.9 trillion, if they do not vote to extend the suspension which ends on Wednesday. But during the prior presidency of Democrat Barack Obama, Republicans used the debt limit as leverage to force other policy changes and limit spending, repeatedly taking the country to the brink of default. Read More

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Jat agitation: Delhi metro rail services to be hit

Jat agitation: Delhi metro rail services to be hit

There's a Supreme Court direction in place which prescribes that no tractor and trolley should be permitted inside Delhi; therefore, the police is bound to implement the SC's direction. The Haryana Assembly on March 15 discussed the ongoing Jat agitation. A Jat leader, however, claimed that police had lobbed tear gas shells and tried to disperse them when they were marching in a peaceful manner. Read More

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PC leadership candidates deliver closing arguments at convention

PC leadership candidates deliver closing arguments at convention

Starke also noted that provincial law does not allow for the merger of political parties, meaning the formation of a new party could lead to three conservative parties on the scene. Nonetheless, a merger bolsters the pro-business right against the incumbent left-leaning New Democrats, who have drawn the ire of conservatives by imposing a carbon tax on the emissions-heavy energy sector and by what critics says is heavy government spending despite budget deficits. Read More

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EPA begins doling out $100 million for Flint

EPA begins doling out $100 million for Flint

Flint was under state control when it switched in 2014 from Detroit's water system to the Flint River to save money. This funding was only available to a community like Flint that received a federal emergency declaration by the President due to a public health threat from risky amounts of lead in drinking water. Read More

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G20 finance ministers meet as America First casts pall

Finance ministers from the 20 leading world powers (G20) concluded talks in the German city of Baden-Baden Saturday without a agreeing on a joint position that explicitly renews their long-standing pledge to free trade. After meeting German Chancellor Angela Merkel on Friday, Trump said he did not believe in isolationism but that trade policy should be fairer. The U.S. Read More

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Court returns OPL 245 to Shell, ENI in Malabu scandal

Court returns OPL 245 to Shell, ENI in Malabu scandal

The EFCC asked the court to temporarily return the oil well to the government while it continued its investigation‎, which the court granted. Both companies approached the court with an application, challenging the ruling. The rights to the oil block were originally awarded to Malabu, in controversial circumstances, by former petroleum minister, Dan Etete . In the deal finally consummated in 2011, only $210 million of the $1.3 billion paid by Shell and Eni for the block went into ... Read More

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Turkey's Threat To Scrap EU Refugee Deal Questioned

Cavusoglu noted in comments carried by the state-run Anadolu Agency on Thursday that most parties running in Wednesday's parliamentary elections received between 17 and 20 percent of the votes. Switzerland would only be obliged to cooperate if the act concerned was considered a crime in both Turkey and Switzerland, he said . The relationship between Turkey and the European Union has been on edge since Turkey began engaging in a post-coup crackdown previous year. Read More

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