Economy

Trump announces Quarles as top bank cop

Trump announces Quarles as top bank cop Analysts at Compass Point Research point to a statement from Quarles calling Dodd-Frank "a failure of ambition" and a "concession to inappropriate pressures". Trump has also chosen Wisconsin businessman Stephen King to serve as US ambassador to the Czech Republic. The nomination to the Fed board, confirmed Monday, was expected. [Full Article...]

CBS Will Air Animated Michael Jackson's Halloween Special

CBS Will Air Animated Michael Jackson's Halloween Special Jim Parsons of "Big Bang Theory", actress Lucy Liu of " Elementary ", along with Christine Baranski , Alan Cumming and Brad Garrett all will voice parts. Michael Jackson's Halloween was created and produced by Optimum Productions, a company owned by Jackson's estate. It all leads up to an over-the-top, spectacular dance finale which will feature an appearance from an animated Michael ... [Full Article...]

HSBC expects Canada to hike rates in July and October, changes forecast

HSBC expects Canada to hike rates in July and October, changes forecast Canada's unemployment rate has steadily fallen to 6.5% (June) from a peak of 8.7% after the financial crisis, and wage growth has picked up in 2017. Acknowledging the contradiction in raising rates amid low inflation, the bank said it will continue to analyse short-term price fluctuations "to determine the extent to which it remains appropriate to look through them", and noted temporary factors ... [Full Article...]

RBS to Pay $5.5 Billion to Settle Toxic Mortgage Claims in US

RBS to Pay $5.5 Billion to Settle Toxic Mortgage Claims in US R.B.S. said it would be reimbursed $754 million of the settlement amount under indemnification agreements with third parties. RBS CEO Ross McEwan characterized the settlement as a "stark reminder" of the heavy price British taxpayer and the bank itself paid for the global ambitions of the institution under disgraced former boss Fred Goodwin. [Full Article...]

Bank of England's Ben Broadbent sceptical about interest rates rise

Bank of England's Ben Broadbent sceptical about interest rates rise The pound has recovered ground after solid jobs figures showed the United Kingdom unemployment rate had fallen to 4.5% in the three months to May, the lowest level since 1975. The Bank of England is watching wage growth closely as it gauges whether the increase in inflation is creating longer-lasting pressure on prices. [Full Article...]

India's Reliance Jio acknowledges systems breach in police complaint

The Cyber Cell of the Maharashtra police on Tuesday night picked up a man in Rajasthan in connection with the leakage of data of Reliance Jio users. Based on the analysis conducted by the Maharashtra police, the location of the accused was zeroed in on. The suspect's computer, mobile and storage devices have been seized and will be sent for a thorough examination, he said. [Full Article...]

British pay growth lags further behind inflation, but jobless rate drops

British pay growth lags further behind inflation, but jobless rate drops Meanwhile, employment rose by 175,000 to 32.01 million. The pound nosed higher against the dollar, rising a meagre 0.05 per cent to $1.2854, from a low of $1.2813 after figures by the Office for National Statistics showed excluding bonuses, average weekly earnings rose two per cent during the quarter, compared with forecasts of 1.9 per cent. [Full Article...]

Coca-Cola Company (The) (NYSE:KO) Shares Sold by Meyer Handelman Co

Coca-Cola Company (The) (NYSE:KO) Shares Sold by Meyer Handelman Co Aristotle Capital Management LLC now owns 4,893,457 shares of the company's stock worth $202,883,000 after buying an additional 4,865,457 shares in the last quarter. Beverage companies such as PepsiCo and The Coca-Cola Co. 42,800 shares were sold by Eberly Ceree, worth $1.74 million. Coca-Cola European Partners PLC (NYSE:CCE) last released its quarterly earnings results on Thursday, May 4th. [Full Article...]

You Can Now Use PayPal to Make Purchases on iTunes, App Store

You Can Now Use PayPal to Make Purchases on iTunes, App Store Shares of PayPal hit an all time high of $56.99 on Wednesday thanks to a new company partnership with Apple . On your iPhone , iPad , or iPod touch , tap Settings, tap your name, tap iTunes & App Store, then tap your Apple ID . For Apple , the move is a bit of a changing of the guard, and perhaps an admission that Apple Pay isn't generating the sort of volumes they'd like. [Full Article...]

Gymboree to shutter about 350 stores

Gymboree to shutter about 350 stores All Janie and Jack stores in Arizona will remain open, according to a company website . Most of the stores targeted for closure are Gymboree and insane 8. The Gymboree stores, meanwhile, fall into an awkward middle market that consumers, across apparel and retail niches, have been abandoning. The chain is closing Central Florida stores at Altamonte Mall, West Oaks Mall in Ocoee and Seminole Tow... [Full Article...]

Priyanka Chopra in 'Isn't It Romantic'; her Third Hollywood film

Priyanka Chopra in 'Isn't It Romantic'; her Third Hollywood film Priyanka gained worldwide fame with her appearance in American TV series Quantico . Well, much has not been revealed about her role in the movie, some of the photographs from the sets have gone viral in social networks. "Priyanka has approved three stories, and hopefully, she will be seen in one web series". The dress, which has a V-neckline and frills on the top, is clinched at her waist and Cho... [Full Article...]

Denver airport workers join strike over pay, working conditions

Denver airport workers join strike over pay, working conditions The 700 workers consist of baggage claim handlers, cleaners, customer service agents and offer assistance to those who seek wheelchair assistance at the airport. As a result the workers made a decision to strike, citing unfair labor practices. Travel was also affected at John F. Kennedy International Airport in NY, as well as airports in Philadelphia and Washington because of walkouts. [Full Article...]

Trump Says Senate Democrats Have Confirmed Only 48 of His 197 Nominees

Trump Says Senate Democrats Have Confirmed Only 48 of His 197 Nominees Barack Obama had 183 nominees confirmed by that date in his first term, and George W. Bush 130. Next to not bothering to nominate anyone for almost seven out of every ten key positions requiring confirmation, not bothering to formally notify the Senate is the Trump administration's greatest screw up. [Full Article...]

EXTRA: Burberry Beats Expectations As First-Quarter Sales Grow

EXTRA: Burberry Beats Expectations As First-Quarter Sales Grow On an underlying basis sales grew by 3%, while like-for-like sales increased by 4%. But there was weakness in some areas of continental Europe, continued challenges in Korea and a decline in the United States. "Because it's such a major decision for Burberry with a great deal of investment involved, we chose to take our time", said finance director Julie Brown. [Full Article...]

Former Anheuser Busch CEO arrested for trying to fly helicopter while intoxicated

Former Anheuser Busch CEO arrested for trying to fly helicopter while intoxicated Swansea (Ill.) police on Tuesday did not name Busch as the pilot, but he is identified in a search warrant application. The former CEO of Anheuser-Busch, August Adolphus Busch IV was arrested after he landed a helicopter in an IL business park Monday afternoon and returned appearing too intoxicated to take off, officials said Tuesday. [Full Article...]

Centre's only job is to divide people on communal lines: Mamata Banerjee

Centre's only job is to divide people on communal lines: Mamata Banerjee After inaugurated a number of developmental projects for East Medinipur district here, Ms Banerjee said, "Why should there be malice, misinformation and conspiracy against a government?" "We are observing that a few BJP leaders in the state, with the help of their government at the Centre, are trying to initiate violence in different places in the state in a planned manner". [Full Article...]

Krispy Kreme offering 80 cent donuts Friday

Krispy Kreme offering 80 cent donuts Friday For Krispy Kreme , Thursday, July 13, 2017 marks 80 years of being the undefeated champion of glazed donuts. If you have 80 cents in your pocket, you'll be able to buy a dozen doughnuts at Krispy Kreme on Friday. A dozen of the Original Glazed donuts costs about $8 and a dozen of other varities costs about $9. Krispy Kreme Doughnuts is proud of its Fundraising program, which for decades h... [Full Article...]

Twitter names Ned Segal as new CFO

Twitter names Ned Segal as new CFO Twitter announced the appointment of Ned Segal as its new chief financial officer, from late August. Segal comes from Intuit, where he was most recently senior VP of Finance for the Small Business Group. Twitter has struggled for years to translate its popularity into profit. The company reported its first ever year-over-year decline in revenue last quarter and cautioned that it expects revenu... [Full Article...]

EIA World Oil Demand Prediction Drops By 70000 Barrels

EIA World Oil Demand Prediction Drops By 70000 Barrels Crude futures continued to move higher Wednesday, riding on optimism that USA crude inventories likely shrank again last week. Crude oil prices rose 1.65 per cent to Rs 2,960 per barrel at the futures market today as speculators created fresh bets, taking positive cues from global markets. [Full Article...]

Gianluigi Donnarumma agrees new four-year AC Milan deal

Gianluigi Donnarumma agrees new four-year AC Milan deal This morning's Gazzetta dello Sport expects a €70m release clause to be inserted into the new deal. "Pure class and talent that will continue to defend AC Milan's goal ready to help the Rossoneri in the race for the Champions League". Milan fans had reacted to his initial refusal to accept those terms but unveiling a banner reading "Dollarumma" as the player turned out for Italy at the under-2... [Full Article...]


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