Economy

Mercedes gives team orders to Bottas

Mercedes gives team orders to Bottas

If anyone ever thinks I should feel happy with second, then I don't really know what to say. "It is great to know we have a strong auto and be able to fight for wins", the four-time champion said. "We will come back fighting". "Our generator broke on the grid and we couldn't bleed Valtteri's tyres so we were starting with the completely wrong tyre pressures on his vehicle", said Mercedes chief Toto Wolff. Read More

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Struggling apparel retailer Bebe to shut all stores by end of May

Struggling apparel retailer Bebe to shut all stores by end of May

The exact number of stores was not immediately available. In February, bebe was already in the process of shrinking its store base. The filing didn't specify whether it will continue as an online-only retailer. Founded by CEO Manny Mashouf in San Francisco, Calif.in 1976, the store drew its name from Shakespeare's phrase, "To be, or not to be". Earlier in the month, the chain had filed paperwork noting it planned to close only 21 stores, which represented roughly 12 percent of its total ... Read More

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Here's Why Oil Prices Dipped to almost $50 Today

US crude production rose to 9.252 million barrels per day from 9.235 million barrels in the week prior, continuing a strong rebound, according to EIA. Oil dropped to a two-week low after a report showed US gasoline supplies gained for the first time in nine weeks as crude output rose. US WTI crude futures rose 1 cent to $52.66 a barrel. Read More

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United Airlines CEO: We won't let police drag people off planes anymore

United Airlines CEO: We won't let police drag people off planes anymore

In what has been denounced as a public relations blunder, the CEO of United , Oscar Munoz, which is named as a respondent, first apologized only for having to "re-accommodate" passengers, then blamed Dao. Munoz also said the company would reassess policies for seeking volunteers to give up their seats, for handling oversold flights and for partnering with airport authorities. Read More

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Trump orders review of US visa program

A senior Trump administration official argued on Monday that the H-1B visas are supposed to be awarded to highly qualified workers, but often bring in less skilled employees who earn lower wages than those they are meant to replace. The halt is expected to last up to six months. We'll hear more about how industry is reacting to those proposed changes in a moment. "We are finally standing up for our workers and for our companies". Read More

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BP's leaking Alaska well stops spraying crude oil, still emitting gas

BP has dealt with several spills and leaks in Alaska in the past. DEC is coordinating with BPXA and the Alaska Oil and Gas Conservation Commission to investigate the cause. Employees on Friday morning discovered leaks at the oil and gas well in the Alaskan Arctic about five miles from the remote town of Deadhorse. Fossil fuel companies have long eyed portions of Alaska's North Slope now off-limits to oil and gas production, including the Arctic National Wildlife Refuge, home to over 200 ... Read More

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Ceremony honours 31 Islanders killed at Vimy Ridge

Before the prime minister spoke, Canadian Governor General David Johnston pointed to the majestic Vimy monument, unveiled between world wars in 1937, and declared it a symbol of what the battle accomplished a century ago. Two Canadian Mounted Police sit on their horses prior to a sunset ceremony and mounting of the vigil at the WWI Canadian National Vimy Memorial in Givenchy-en-Gohelle, France on Saturday, April 8, 2017. Read More

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B.C. party leaders back on the hustings today after fiery debate

John. "And the only way to achieve that is through the Site C clean energy project". NDP leader John Horgan is expected to make an announcement this morning at one of Vancouver's SkyTrain stations. Clark said she doesn't want to see marijuana sold in liquor stores, whereas Horgan wasn't definitive on whether his government would do the same, saying his party has also consulted with pharmacies. Read More

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Regulators sue Ocwen Financial, say it mishandled mortgages

Regulators sue Ocwen Financial, say it mishandled mortgages

The bureau said in a statement that it had uncovered evidence that Ocwen, based in West Palm Beach, Florida, had "engaged in significant and systemic misconduct at almost every stage of the mortgage servicing process". Based on the findings, Ocwen approved an agreement that required the company to fund an independent audit of the accounts by January 13, 2017. "We can not allow this to continue", Grace said in a formal statement. Read More

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EU urges Turkey to probe referendum vote

EU urges Turkey to probe referendum vote

Prime Minister Binali Yildirim , whose job will cease to exist once the constitutional changes take full effect, said Erdogan would be invited to rejoin the ruling AK Party as soon as official results are announced, a sign the government has no intention of waiting to see the outcome of opposition appeals. Read More

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VP Pence meets Indonesian president on Asia tour

VP Pence meets Indonesian president on Asia tour

US Vice-President Mike Pence's tour of Australia is expected to focus on regional security concerns and trade. Indonesia is on President Donald Trump's trade hit list, and US company Freeport-McMoran Inc., which operates the world's largest copper mine in the Indonesian province of Papua, is in a protracted dispute with the Indonesian government. Read More

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Petrol pumps to remain shut on Sundays

Petrol pumps to remain shut on Sundays

In a series of tweets, the petroleum ministry said such closure of petrol pumps by a small section of dealers will lead to inconvenience to general public. "On an average the daily sales of fuel is for around Rs 153 crore". The decision will also be communicated to the oil supplying companies soon, he said almost 20,000 outlets will be closed on the holiday. Read More

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Netflix's Q2 Subscriber Guidance Was Well Ahead Of Analyst Expectations

The company expected it would add about 8.15 million subscribers overall during the first half of this year as compared with 8.42 million in the same period in 2016. Netflix said it will spend more than $1 billion this year to "drive member acquisition". "Because of that, the major indicators of our progress were member and revenue growth and United States contribution margins", it said. Read More

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Riyadh says oil output cut may be extended

Riyadh says oil output cut may be extended

The oil price fell from just over $55 a barrel earlier this week to lows of $52.66 on Wednesday evening as USA data reignited fears that the resurgence of shale production could have a bigger impact on global production than first thought. said. "The market has already taken the output cut plan seriously". OPEC is meeting on May 25 to discuss a potential extension of the cuts. "Consensus is building, but it is not done yet", Falih said, saying he was still consulting with fellow oil ... Read More

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United Airlines won't use police to remove overbooked passengers - CEO

Delta Air Lines Inc. United said that it needed to "reaccommodate" the passengers in order to seat their own employees traveling to Louisville, Kentucky. "It's kind of like musical chairs, whoever's left standing is out of luck", said Snyder. Four people were asked to leave the aircraft on Sunday. The company sought to quell the uproar over the incident by also announcing that it would no longer ask police to remove passengers from full flights. Read More

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Durant sits as Warriors 'err on side of caution'

NEED TO KNOW: John Wall (32 points, 14 assists) controlled Game 1 for Washington, and Markieff Morris (21 points, seven rebounds, four blocks) was outstanding. Warriors: Thompson matched Hall of Famer Rick Barry for second place on the franchise list for postseason games played with 66. If Durant is plagued by injuries in a series against the San Antonio Spurs or Cleveland Cavaliers, the Warriors could be in a lot of trouble. Read More

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IMF foresees global economy accelerating to 3.5 pct. in '17

Euro area growth forecast for this year was increased to 1.7% from 1.5% and the projection for next year was retained at 1.6%. Maurice Obstfeld, economic counsellor for the IMF, said: "Mainly in advanced economies, several factors-lower growth since the 2010-11 recovery from the global financial crisis, even slower growth of median incomes, and structural labour market disruptions-have generated political support for zero-sum policy approaches that could undermine worldwide trading ... Read More

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Palestinians in Israeli jails launch mass hunger strike

Peace talks on the creation of a Palestinian state between Israel and Palestinian President Mahmoud Abbas broke down in 2014. The move came after he published an opinion piece in The New York Times on the hunger strike. Barghouti declined to offer a defense at his trial and refused to recognize the Israeli court's jurisdiction and legitimacy. A day before the strike began, Barghouti had described his personal experience in Israeli prisons, speaking of " inhumane " treatment and " ... Read More

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UP Police arrests 3 terror suspects

UP Police arrests 3 terror suspects

The joint operation was carried out by Special Cell Delhi Police, Intelligence Cell Andhra Pradesh, Maharashtra ATS, Punjab Police, Bihar Police and UP ATS. Investigations show that one of them wanted to finance the group and they were continuously communicating with each other about carrying out some major strike in the near future. Read More

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Overall Sales Growth at Unilever for Q1

Overall Sales Growth at Unilever for Q1

Unilever CFO Graeme Pitkethly said on an analyst call that USA consumer spend was down throughout the quarter and noted that tax repayments and some political angst may have contributed to the subdued quarter. "This reflects our continued investment in both innovations and brand support, and reconfirms the strength of our long term sustainable compounding growth model", says CEO Paul Polman. Read More

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Hike in Premier League football costs continues to hurt Sky's bottom line

Hike in Premier League football costs continues to hurt Sky's bottom line

Executives from both Sky and HBO will be responsible for greenlighting projects, inviting pitches from both the USA and Europe, which Darroch said would provide great opportunities for independent production companies. Sky said it had attracted 769,000 new customers over the past year, with 106,000 joining in the last quarter. "Looking forward, we enter the final quarter of our fiscal year in good shape". Read More

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Pagegroup PLC (PAGE) Upgraded by Credit Suisse Group AG to "Neutral"

It has a 112.52 P/E ratio. The Firm operates through five divisions: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; United Kingdom, which includes sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which includes wholesale and retail sales of jewelry and watches, and Other, which includes new projects and traded auctions. Read More

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