Economy

Aetna to leave Iowa health insurance exchange

Aetna to leave Iowa health insurance exchange

One other insurer, Gundersen Health Plan, sells individual policies but only in five Iowa counties. The future of the Affordable Care Act has been in doubt since Republicans swept to power last fall. The Aetna and Wellmark decisions to leave the individual-insurance market here don't affect other kinds of plans, such as those sold via employers or those that supplement Medicare plans. Read More

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Labour vows to charge Value-Added Tax on school fees

Labour vows to charge Value-Added Tax on school fees

Mr Corbyn will outline the plan later today and point to research showing that offering universal access to free school meals improves pupils' productivity, enabling primary school pupils to advance by around two months on average. 'Universalism is a proud tradition of the Labour Party and it is welcome that school food provision will now be a part of that important approach, continuing the important work the last Labour Government did when we introduced the universal free school meal pilots ... Read More

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GST Council clears draft rules; Next meeting on May 18-19

Since the GST Constitution Amendment Act does not provide for subsuming "electricity duty" under GST, it will continue to be levied by the respective state governments. The Lok Sabha on Wednesday passed four bills, relating to the implementation of the GST, following a marathon nine-hour debate. "Once the rules are finalised, the committee of officials will work on the fitment of commodities", said an official. Read More

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European Union celebrates 60 years and the blessing of the

European Union celebrates 60 years and the blessing of the "multi-speed" concept

Italian Prime Minister Paolo Gentiloni, the host of the summit, said over the past dozen years the EU's development had stalled. "The Rome declaration is the first stop toward renewing the unity of the EU", Szydlo told reporters. Four days before Prime Minister Theresa May, absent from the ceremony in the Italian capital, delivers an unprecedented blow to the bloc's growth by filing Britain's formal exit papers, her fellow leaders hailed 60 years of peace and prosperity and pledged to deepen ... Read More

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Loan waiver promises need to be eschewed, says RBI

Loan waiver promises need to be eschewed, says RBI

Patel's remarks are significant as many states have begun the practice of granting farm loan waivers. A day after the announcement, Maharashtra chief minister Devendra Fadnavis said he was studying the UP model. That can lead to crowding out of private borrowers as a result of high cost of government borrowing. I think we need to create a consensus such that loan waiver promises are eschewed, he said. Read More

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Ron Johnson: Border Wall is a 'metaphor' for border security

Ron Johnson: Border Wall is a 'metaphor' for border security

Though Mr Trump has said the estimated cost would be between USD10-12 Billion, Senate Majority Leader Mitch McConnell has estimated the cost to be between USD12-15 Billion. From that pool, the administration is expected to choose between 4 and 10 companies to build prototypes; the finalists will be announced in June and will be expected to complete a prototype by July. Read More

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Shares of Seadrill Sink More Than 50% -- Here's Why

Shares of Seadrill Sink More Than 50% -- Here's Why

The announcement was "largely expected", even if Seadrill shares rallied more than 20 percent in the week that preceded it, said Sondre Stormyr of Danske Bank AB. The combination of these two things has likely convinced many Seadrill investors that Fredriksen would make sure common shareholders were, if not kept whole, at least not completely wiped out. Read More

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Consortium contracts ASN for INDIGO cable system

As reported by iTWire today a consortium of major tech players including Google and Telstra have joined forces to build the new Indigo subsea cable system under an agreement with Alcatel Submarine networks (ASN). David Burns, Telstra's group managing director of global services and worldwide, said: "With internet data consumption growing by 70% in Asia past year alone these sorts of investments in worldwide networks are critical for meeting the needs of connected consumers and businesses". Read More

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Feds Raid a Suspected Green Card Fraud Ring for Wealthy Chinese Investors

Feds Raid a Suspected Green Card Fraud Ring for Wealthy Chinese Investors

Federal authorities on Wednesday raided the Los Angeles-area business they say cheated a US government visa program to obtain green cards for wealthy Chinese investors. Some of the investors who landed green cards under the scheme were fugitive Chinese nationals accused of white-collar crimes like bribery. The search warrant is targeting the San Gabriel Hilton office California Investment Immigration Fund which was set up by an attorney named Victoria Chan and her father. Read More

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A Current Affair reporter Ben McCormack charged over child porn offences

A Current Affair reporter Ben McCormack charged over child porn offences

The police on Thursday arrested a veteran television reporter for allegedly being in possession of child pornography. Computers, a mobile phone, and electronic storage devices were taken in. Police reportedly arrested McCormack early this morning, leading to investigators attending the show's Willoughby offices to conduct a search. It is not yet clear what the focus of the raids was but police were carrying evidence bags. Read More

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Just Became Extremely Difficult For South Africa

Just Became Extremely Difficult For South Africa

But with the credit rating downgrade, the borrowing costs of South Africa are almost certain to go up. "This has increased the likelihood that economic growth and fiscal outcomes could suffer", says S&P, which cut its rating by one notch to BB+ - its highest non-investment grade mark and also assigned Africa's most industrialised economy a negative outlook. Read More

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Terrorists may seek to target Anzac Day commemorations in Gallipoli, Government says

Terrorists may seek to target Anzac Day commemorations in Gallipoli, Government says

Tehan urged the almost 500 Australians and New Zealanders registered to travel to Gallipoli, Turkey, to mark ANZAC Day on April 25 to exercise a high degree of caution amid the warning, but offered no specifics about the alleged threat. The federal government's Smart Traveller website recommends travellers "reconsider" their need to travel to Ankara and Istanbul, which are many hours away, but there is no direct warning not to go to Gallipoli. Read More

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'Going in Style' review: an old-guy-heist movie worth treasuring

Those with long memories might find this plot oddly familiar, and Going In Style is a loose remake of the 1979 movie starring George Burns, Art Carney and Lee Strasberg. " Going In Style " narrates story of three men over 70 and why they decide to rob a bank. Matt Dillon scowls and talks tough as an Federal Bureau of Investigation agent, while Joey King has little to do in the role of Joe's 14-year-old granddaughter, and the wonderful Maria Dizzia is utterly wasted as his daughter. Read More

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Markets Right Now: US stocks are off to a mixed start

Markets Right Now: US stocks are off to a mixed start

Session activity on Constellation Brands, Inc.(NYSE:STZ) stock is placing it on today's most active list. Stock research firms now have a positive stance on shares of WidePoint Corporation (:WYY). These holdings make up 71.73% of the company's outstanding shares. The dominant statistics will authorize the investment community to govern the size of Constellation Brands, Inc . Read More

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Sunoco selling 1000+ stores to 7-Eleven

Sunoco selling 1000+ stores to 7-Eleven

The deal with 7-Eleven is the first step in Sunoco's strategic move away from company-operated convenience stores to focus on its fuel supply business. It does not include Sunoco's APlus franchisee-run stores or its Aloha Petroleum unit in Hawaii. The deal would be the biggest by 7-Eleven Inc, known for its "Slurpee" frozen beverage. Read More

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Investment in renewable energy dips globally as prices fall

Adnan Z. Amin, Director-General of IRENA, said: "We are witnessing an energy transformation taking hold around the world, and this is reflected in another year of record-breaking additions in new renewable energy capacity". "It's a whole new world: even though investment is down, annual installations are still up; instead of having to subsidize renewables, now authorities may have to subsidize natural gas plants to help them provide grid reliability", he added. Read More

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Border wall won't span sea to sea

Apprehensions of people trying to sneak into the United States , seen as an indicator of the total flow of undocumented immigrants, dropped to 16,600 in March, down 30 percent from February and 64 percent from a year ago. Typically, this time of year, Customs and Border Protection officers see an increase in people attempting to enter the USA illegally from Mexcio. The bids came after the Department of Homeland Securities released an extensive list of requirements last month, specifying it ... Read More

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Gibraltar says Spanish patrol ship entered its waters

Gibraltar says Spanish patrol ship entered its waters

It also posted a short video of the corvette. The rocky enclave at the tip of the Iberian peninsula has been a British territory - and cause of friction between the United Kingdom and Spain - since 1713. Theresa May and Foreign Secretary Boris Johnson have moved to reassure the people of Gibraltar that the territory will remain under British control. Read More

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Ducks retake top spot in Pacific Division after victory over Flames

Ducks retake top spot in Pacific Division after victory over Flames

The rough play started after a knee-on-knee hit from Flames defenseman Mark Giordano left Ducks defenseman Cam Fowler laying on the ice in significant pain. I don't know how bad, I just hope he's okay. Kris Versteeg had two goals and Michael Frolik also scored for Calgary. "That's just desperation and that's why he's been so good for us lately and put us in the position that we're in right now", Flames forward Troy Brouwer said. Read More

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Amazon offering refunds for purchases made by kids

Amazon offering refunds for purchases made by kids

The FTC's action against Amazon followed similar cases filed against Apple Inc. and Google Inc . related to unauthorized in-app charges incurred by children, which required the companies to fully refund consumers for such charges. In 2016, a USA federal judge ruled that Amazon had failed to properly inform users before charging for in-app purchases, which are frequently found in free-to-play games. Read More

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Toshiba says Westinghouse filing for bankruptcy protection

Toshiba says Westinghouse filing for bankruptcy protection

However, the bankruptcy will allow the company to renegotiate or break the construction contract. Although Tsunakawa did not give details, the company's fortunes lie with the sale of its semiconductor business. According to Stephen Byrne, COO at Scana's South Carolina Electric & Gas Co., Toshiba assumed that taking control of Stone & Webster in 2015 would improve productivity at both US construction sites by a third. Read More

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US warns it may act in Syria if UN won't

US warns it may act in Syria if UN won't

Tillerson accused both Russian Federation and Iran, Syria's other top ally, of sharing moral responsibility in his own statement Tuesday. Images and video published shortly after the incident showed dozens of men, women and children gasping for air, convulsing, and foaming at the mouth. Read More

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Ivanka Trump and Jared Kushners' finances revealed in disclosure documents

Ivanka Trump and Jared Kushners' finances revealed in disclosure documents

Bannon, who has advocated a brand of protectionism and populism the Trump administration adopted, disclosed at least $1.3 million in income a year ago, largely from a consulting firm and entities backed by the billionaire Mercer family. One of Bannon's employees at Breitbart - now his top lieutenant in the White House - has assets that could be worth as much as $2.3 million. Most of Conway's assets, more than $31 million, are held in cash or money-market accounts - likely because she had ... Read More

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Peabody makes fresh US stock debut after bankruptcy exit

Peabody makes fresh US stock debut after bankruptcy exit

Peabody Energy (NYSE:BTU) remained flat at $2.07 on Friday. The approach underscores just how cautious those in the US coal sector remain even as Trump's cheerleading fuels a nascent sense of optimism. The industry has undergone a dramatic reversal from a year ago, when a slump in coal prices pushed large, debt-ridden US coal companies such as Peabody into bankruptcy. Read More

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Iraq vows full compliance with oil cut deal

US benchmark West Texas Intermediate crude oil prices was down 1 cents to $50.23 a barrel. Reuters reported that Libya's largest oilfield - Sharara - had resumed production on Sunday after a week-long disruption, with the country's state-owned oil company lifting its force majeure on the loading of crude. Read More

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Factory worker creates sparks at French election debate

Factory worker creates sparks at French election debate

The below excerpt from a Bloomberg account of the French presidential race in the southern city of Perpignan echoes the accounts that Asia Unhedged continues to hear from French voters. He has risen to around 17 percent - and the 63-year-old former prime minister is an assured performer in debates as he pushes his wish to slash public spending. Read More

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US says North Korean missile test ended in fiery crash

During a military parade in April 2012, North Korea's military displayed a mockup of a mobile ICBM system referred to as the Hwasong-13 (designated by the U.S. Early Soviet submarine-launched ballistic missiles used liquid fuel, and the fueling process could be picked up on US Navy sonar. "As such, his most important job is to ensure that other countries know exactly where the USA stands when a major worldwide event - like the one in North Korea - occurs". Read More

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Macquarie Initiates Coverage on NVIDIA Co. (NVDA)

NVIDIA has a consensus rating of "Hold" and a consensus price target of $101.22. The company's share price is down -11.57% from previous highs of around $120.92 per share on February 07, 2017. Also, insider Michael Byron sold 750 shares of the firm's stock in a transaction on Wednesday, March 1st. Ajay Puri, the EVP - Worldwide Field Ops and an insider of Nvidia Corp unloaded a total of 133,542 shares of Nvidia Corp, worth approximately $14,492,819 Dollars, at $108.5 per share at the ... Read More

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Taylor 'despondent' after horror tackle on Coleman

Taylor 'despondent' after horror tackle on Coleman

The match also saw Everton's Seamus Coleman suffer a broken leg in a separate incident involving Neil Taylor, which led to a sending off for Wales full-back. Wales' will be traveling to Serbia in June without the suspended Bale, after he was booked for a second-half tackle on John O'Shea. "It was a typical British derby game, there was needle all the way through it", Chris Coleman responded angrily to Irish reporters. Read More

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Stock under Radar: Sprint Corp (NYSE:S)

That value represents a market adjusting for revenues that have been growing by 2.57 % on a quarterly year/year basis as of the company's last quarterly report. ILLEGAL ACTIVITY NOTICE: "Capital One Financial Corp". UMBF has been the subject of several analyst reports. While looking at the Stock's Performance, Regions Financial Corporation now shows a Weekly Performance of 1.11%, where Monthly Performance is -3.99%, Quarterly performance is 1.33%, 6 Months performance is 48.08% and yearly ... Read More

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SpaceX to launch used rocket into space for first time

The Falcon 9 booster, which previously flew in April 2016, lifted off from the Kennedy Space Center at 2227 GMT (6:27 a.m.in Manila) to put a communications satellite into orbit for Luxembourg-based SES SA. Speaking soon after the rocket touched down, Musk said it "did its mission perfectly" before landing "right on the bullseye" of the barge. The first successful relaunch of an orbital rocket. Read More

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