Economy

Centrist Macron talks France's future with Obama

Le Pen has no plans to leave behind the attacks upon the immigrant community, declaring that if she becomes a president, she will impose a new security point at the borders. Even without a shock outcome, Brussels worries that neither of the more mainstream candidates can revive France's economy or help Germany confront doubts about the EU's future if they are victorious in a May run-off. [Full Article...]

Stock Seesawing Amidst Rampant Activity: Cypress Semiconductor Corporation (NASDAQ:CY)

Stock Seesawing Amidst Rampant Activity: Cypress Semiconductor Corporation (NASDAQ:CY) CY has a 1-year high price of $ 14.98 and 1-year low price of $7.95. In other ON Semiconductor Corp news, EVP George H. Cave sold 5,000 shares of ON Semiconductor Corp stock in a transaction on Wednesday, January 25th. The good news is, sales may return to growth this quarter. Their 52-Week High and Low are noted here. Company's distance from 20 day simple moving average is 7.58% and distance fr... [Full Article...]

Bill O'Reilly to get payout up to $25 million

The Dana Perino-hosted edition of the 8 p.m. cable news show clocked in with 3.3 million viewers, with 625,000 of those falling in the key adults 25-54 demo. Fox News parent Twenty-First Century Fox Inc. announced on Wednesday it had parted ways with the star cable news host, ending his more than 20-year career, following allegations of sexual harassment from a number of women. [Full Article...]

Trump addresses Paris incident: Looks like a terrorist attack

Trump addresses Paris incident: Looks like a terrorist attack But experts say it's unclear what kind of effect the attack will have on the vote, the first round of which comes Sunday. "Other policemen engaged and shot and killed the attacker", he added. "Whether this could tip the election is to be seen", Bell said. Le Pen has based her campaign on opposing Islamist influence in France, which she has called a "barbaric and monstrous totalitarian ideology". [Full Article...]

Ousted Fox host O'Reilly could get $25 mn

Ousted Fox host O'Reilly could get $25 mn So when the New York Times first reported that Fox News and its star had spent more than $13 million in payouts to women accusing O'Reilly of sexual or verbal harassment, it didn't seem like a career-ending revelation. It is tremendously disheartening that we part ways due to completely unfounded claims, it is the unfortunate reality many of us in the public eye must live with. [Full Article...]

Oil set for longest gain since 2012 as Saudis seen extending cut

Oil set for longest gain since 2012 as Saudis seen extending cut Canada's share of USA crude oil imports declined slightly from 2015, as both imports and import shares from countries such as Iraq and Nigeria grew, according to annual trade data from EIA's Petroleum Supply Monthly . Crude supplies Meanwhile US crude supplies fell by 1.3 million barrels last week, the American Petroleum Institute was said to report. Front-month prices rose 32 cents to US$53.... [Full Article...]

Chevron loses appeal against $260 million Australia tax bill

Chevron loses appeal against $260 million Australia tax bill Chevron Australia might appeal to the High Court after losing an appeal to the full Federal Court over a $340 million financial dispute with the tax office. CFC borrowed at 1.2 per cent but on-lent the money at 9 per cent, which gave CFC significant profits. The Federal Court of Australia has twice found Chevron responsible for shifting profits from Australia to the US using an intra-company ... [Full Article...]

BJP national meet charts plans to capture power in more states

The party's gold era, he said, will coincide with India's golden era and it will emerge as a great nation in the world. Assembly elections in Odisha are two years away which would be held along with the Lok Sabha election in 2019. In what has been termed as the "resurgence" of the party in the state, the BJP won on 294 seats out of the 849 seats that went to the polls, which is nearly 10 times w... [Full Article...]

Lavalin to buy British engineering firm WS Atkins PLC for $3.6 billion

Lavalin to buy British engineering firm WS Atkins PLC for $3.6 billion WS Atkins PLC late Thursday confirmed it has agreed to a takeover offer from Canadian engineering services firm SNC-Lavalin Group Inc which values the United Kingdom engineering and project management firm at GBP2.1 billion. Headquartered in Epsom, Atkins was established in 1938 by Sir William Atkins in London and in its early years specialised in civil and structural engineering design. [Full Article...]

Indian IT Firms May Face Layoffs Due To Visa Curb: ASSOCHAM

Indian IT Firms May Face Layoffs Due To Visa Curb: ASSOCHAM It added that the executive order, however, is "another harbinger" of more aggressive oversight and enforcement of the H-1B visa programme. According to Chandrashekhar, every country wants highly skilled workers from anywhere in the world, but there is a need to define "highly skilled workers" and ensure immigration policies of a country open the doors to them. [Full Article...]

Babri Masjid case accused are innocent for public: Giriraj Singh

India's Supreme Court announced that 13 senior members of the BJP, including former BJP chief Lal Krishna Advani, current water resources minister Uma Bharti, and Kalyan Singh, who was the chief minister of Uttar Pradesh at the time of the Babri mosque demolition, will stand trial. [Full Article...]

Financial Review of Select Comfort Corporation (NASDAQ:SCSS)

Financial Review of Select Comfort Corporation (NASDAQ:SCSS) Overall, 11.82 Million shares exchanged hands versus its average trading volume of 928.86 Million shares. The stock's market capitalization is 1.11B. The RSI oscillates between zero and 100. Now the shares of Select Comfort Corporation (SCSS) has the trading volume of 11.63 Million shares with the average trading volume of 2720 shares. [Full Article...]

ITC examining options for Taj Mansingh auction

ITC examining options for Taj Mansingh auction The Tata Group susbsidiary had then told the apex court that it was unclear why the civic body wanted to auction the hotel despite the fact thet it earned the "best revenue" for NDMC. In the meeting, it was decided that the NDMC, which owns the public property, will e-auction the hotel at market rental value. It is not a matter of right. [Full Article...]

Zuckerberg and Musk Aim to Make Telepathy a Reality

Zuckerberg and Musk Aim to Make Telepathy a Reality In the interview with Wait But Why , Musk explained that he's dedicated to creating something " consensual telepathy " as a way of communicating any kind of concept or idea. Musk didn't mention any specific time frame for realizing these goals, but he said an experimental version of the technology could be available in around a decade's time. [Full Article...]

Ofcom Plans to Make BT's Openreach Network Available to Rivals

Ofcom Plans to Make BT's Openreach Network Available to Rivals Ofcom has announced its grand plan for encouraging the deployment of full-fibre broadband (i.e. FTTP or "ultrafast") networks to the United Kingdom, and at the same time "reducing the country's reliance on Openreach", the infrastructure arm of BT that owns all of the ducts and poles used to deliver copper telephone wires to everyone in the UK. [Full Article...]

Oil near flat in strong week for crude

OPEC and other oil producers agreed in November to cut output by 1.8M barrels per day during the first half of 2017 in order to stabilise the oil market. "There is no formal proposal from Saudi Arabia but one is taking shape in the monitoring committee", one official said. Opec was upbeat on the outlook for the market in its monthly report. [Full Article...]

US rig count rises 10 this week to 857; Texas up 6

US shale production in May was set for its biggest monthly increase in more than two years as producers stepped up their drilling activity, according to USA energy data. If oil holds between $50 and $60 per barrel through 2018 as Stephens predicts, this pressure on oilfield service providers should abate in the second half of 2017 as the supply chain responds. [Full Article...]

Sensex climbs 162 points on renewed hope of US tax cuts

Sensex climbs 162 points on renewed hope of US tax cuts Meanwhile, the broad based NSE Nifty fell by 17.00 or 0.19% at 9,119.40 with 36 components registering drop. The Sensex touched a high of 29,584.34 points and a low of 29,259.42 points during the intra-day trade. Sentiments also got a boost after Bank of Japan said it will keep an accommodative policy in place. "Both the indices failed to sustain at higher levels and now traded with volatile s... [Full Article...]

How major United States stock market indexes fared on Thursday

How major United States stock market indexes fared on Thursday IBM stock fell $7.69, or 4.5 per cent, to $162.36. The data is expected at 10 a.m. ET (1400 GMT). The number of people collecting unemployment checks also fell to a 17-year low last week. The S&P 500 rose 2 points, or 0.1%, to 2,344, with consumer-discretionary and health-care stocks leading gainers. Markit's PMI flash data for April is expected to show a slightly higher reading. [Full Article...]

Plunging Cigarette Shipments Hurt Philip Morris International

Plunging Cigarette Shipments Hurt Philip Morris International The stock presently has an average rating of "Buy" and an average target price of $111.98. During the same period past year, the company posted $0.98 earnings per share. (NYSE:PM) stock a Strong Buy, 1 rate the stocks of the company a Buy, 3 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Revenue net of excise tax was down a fraction of a percentage point to $6.06 billion, which was far wors... [Full Article...]


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