Economy

Italy giving 5.2B euros in resources to keep 2 banks open

Intesa Sanpaolo , Italy's largest bank, will take control of the banks' so-called "good assets" after paying the symbolic price of €1. The agreement bolstered bank stocks across Europe, with Intesa leading gainers, while putting into question the effectiveness of European rules meant to ensure that private investors share the burden of bank bailouts. [Full Article...]

Lewis' fist will talk back: Lauda

This I don't understand. Decent guy, but he's "totally insane". This I don't understand. Another three points would see him hit with a one race ban following three other offences carried over from last season. " For him to pretty much get away with driving into another driver, is a disgrace ". He should know how to manage his temper and keep his cool in a challenging situation like that, esp... [Full Article...]

Morgan Sindall Group PLC (MGNS) Insider Sells 13174 Shares of Stock

Acxiom Corp now has $2.05B valuation. State Common Retirement Fund holds 0% of its portfolio in Ashtead Group plc (LON:AHT) for 131,257 shares. NPTN's SI was 6.38 million shares in June as released by FINRA. Therefore 73% are positive. Peel Hunt has "Add" rating and GBX 160 target. The stock was purchased at an average cost of GBX 42 ($0.54) per share, with a total value of £225.54 ($287.35). [Full Article...]

More new Australians hailing from Asia than Europe

Our population is growing - and fast. There were 4,823,991 respondents in Sydney on census night compared to Melbourne's 4,485,211, but the Victorian state capital's growth rate surpassed that of its northern neighbor, with 1,859 residents being added to Melbourne's population each week compared to 1,656 in Sydney. [Full Article...]

Indian rupee opens higher at 64.48 per dollar

Indian rupee opens higher at 64.48 per dollar The Fed earlier this month raised interest rates a second time this year, and signaled it plans to raise them once more this year and three times next year. "However, fixed-income markets are saying it's over for this year as they don't see inflationary pressures coming anytime soon". While some Fed officials have argued for a pause in the rate-hiking campaign to wait for clearer signs that infl... [Full Article...]

Oil falls again, despite decline in US crude supplies

Oil falls again, despite decline in US crude supplies Given the strong drilling demand in the U.S., the oil supply from the country is likely to increase sharply in the coming quarters. Oil stocks in Europe's Amsterdam-Rotterdam-Antwerp hub hit 64.2 million barrels in the week to June 16, the highest in a year, according to data from industry monitor Genscape. [Full Article...]

Amtrak names airline veteran Richard Anderson as next CEO

Amtrak names airline veteran Richard Anderson as next CEO The project has caused a rift between Amtrak, the station owner, and the two states that use most of the hub's track space, NY and New Jersey. He merged Delta and Northwest in 2008. That's when Moorman will become an adviser to Amtrak. "It is an honor to join Amtrak at a time when passenger rail service is growing in importance in America", Anderson said. [Full Article...]

JK Rowling marks 20 years since Harry Potter appeared

JK Rowling marks 20 years since Harry Potter appeared Of course, that's not all Rowling had to offer for Harry Potter's big 2-0. A magic wand will appear and sparks will fly on your screen. It was June 26, 1997 when Harry Potter and the Philosopher's Stone hit shelves in the United Kingdom. [Full Article...]

Louisville Basketball: Rick Pitino suspended five games as part of infractions decision

Louisville Basketball: Rick Pitino suspended five games as part of infractions decision The penalties do not include any future postseason bans for the program, as UofL self-imposed its own postseason ban in the 2015-2016 season. NCAA hands down punishment to Pitino and Louisville . Louisville interim president Greg Postel confirmed that the Cardinals will appeal these sanctions. Pitino said that he and his staff did not interact with prospects from 10 p.m. [Full Article...]

Shocking! Woman chops off boyfriend's penis for refusing sex

Shocking! Woman chops off boyfriend's penis for refusing sex When he reached their home, his girlfriend of four years, broached the topic of marriage. When the man started shouting with pain, they woman and her family pushed him out of the house. Fortunately, neighbours spotted Ravi and called the police. The 23-year-old butchered her boyfriend's genitals in front of the couple's family at around 11.30am on Wednesday, according to the Daily Mail . [Full Article...]

Co-op Bank abandons sale talks as it edges towards rescue deal

Co-op Bank abandons sale talks as it edges towards rescue deal It is understood the bank is now close to securing a deal with a group of United States hedge funds. In a statement , Co-Op Bank said: "The Bank confirms that a majority of the key commercial aspects of the Proposal have been substantially agreed between the Bank and the Investors". [Full Article...]

NBA Awards show: Mike D'Antoni wins NBA Coach of the Year

NBA Awards show: Mike D'Antoni wins NBA Coach of the Year Dan, who was a three-year starter, averaged 17.5 points per game as a senior and was elected to Marshall's Athletic Hall of Fame in 1990. This is the second time the Mullens, W.Va., native has won the award, as he received the honor in 2005 while he was the head coach of the Phoenix Suns . [Full Article...]

'Like bombs': Bankrupt company's air bags still out there

'Like bombs': Bankrupt company's air bags still out there After months of searching for a buyer, the struggling airbag company has agreed to sell its assets to Key Safety Systems, a Michigan-based supplier. 2013: Toyota, Honda , Nissan, Mazda and General Motors recall almost 3.4 million older-model vehicles worldwide due to defective Takata air bags. [Full Article...]

Chinese troops cross Sikkim border, Indian Army chief to visit

In a late-night statement in Chinese on Monday, the PLA squarely blamed the Indian army for the flare-up and said the Chinese soldiers were building roads in the Donglang sector the region and were within their rights to do so. According to the sources, the Chinese side said a bridge had broken because of which the pilgrims could not cross into Tibet for the annual yatra. The development comes a... [Full Article...]

Rick Scott appoints political ally as Florida's new chief financial officer

Rick Scott appoints political ally as Florida's new chief financial officer A Florida State University graduate, Patronis will be sworn in Friday to the $128,972-a-year job, joining Attorney General Pam Bondi and Agriculture Commissioner Adam Putnam on the Cabinet. Patronis, 45, a Panama City native, has a political science degree from Florida State and served as a Republican state House member from 2006 to 2014. [Full Article...]

Scotia Howard Weil Downgrades Rating On Rice Midstream Partners LP Comm (RMP)

Therefore 88% are positive. The company was downgraded on Friday, July 31 by Credit Suisse. Barclays Capital has "Overweight" rating and $54.0 target. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, August 11. The stock has "Neutral" rating by Goldman Sachs on Friday, December 18. The firm earned "Neutral" rating on Monday, February 6 by Mizuho. [Full Article...]

USA excludes three Canadian provinces from softwood lumber probe

USA excludes three Canadian provinces from softwood lumber probe The new anti-dumping duty will overlap for about two months with average preliminary countervailing duties of 19.88 per cent announced in April that are set to expire on August 27. "This was proven in the last round of litigation and we fully expect it will be the case again". "We will react to market conditions in the reality of the moment", he said Thursday. [Full Article...]

Amazon's Acquisition of Whole Foods to Impact North Texas

Amazon's Acquisition of Whole Foods to Impact North Texas The deal has the possibility to be "transformative", Moody's lead retail analyst Charlie O'Shea said in a note, "not just for food retail, but for retail in general". For now, the Amazon-Whole Foods deal seems unlikely to change much. By joining forces with Amazon , Whole Foods gains access to an entirely new distribution channel - which should be good news for anyone hoping to shop for org... [Full Article...]

Support for gay marriage surges, even among groups once wary

It was released Monday, the second anniversary of the U.S. Supreme Court's historic ruling on same-sex marriage. Since Arkansas requires that the husbands of mothers of babies conceived through artificial insemination by an anonymous sperm donor be named on the birth certificate, a birth certificate in that is not just about biological relationships and the state can not treat same-sex marriag... [Full Article...]

United States durable goods slump more than expected in May

United States durable goods slump more than expected in May Total durable goods orders slid 1.1% to $228.2 billion, down from an adjusted $230.7 billion in April, according to a monthly report from the US Commerce Department . Prices of U.S. Treasuries edged up after the data. US manufacturing production has slowed after a solid start to the year. Recent data on retail sales, manufacturing production and inflation have been disappointing. [Full Article...]


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