Economy

Ford announces temporary halt to production of F-150s

Ford announces temporary halt to production of F-150s Meridian plant manager George Asher told Automotive News the company is working to move dies for stamping parts to its plants in Ontario and the U.K. The company is meeting continuously to find a solution to replace and manufacturer (sic) parts that were lost due to the fire at Meridian. The incident also impacts some production at General Motors, Fiat Chrysler Automobiles and Mercedes-Benz. [Full Article...]

To-Denver Delta flight fills with smoke upon landing

To-Denver Delta flight fills with smoke upon landing The Delta flight was initially scheduled to arrive in Denver shortly after 5 p.m. but was delayed almost 3 hours. Pictures on social media showed passengers standing on the plane's wing during the evacuation while a shuttle bus transported them to the airport. [Full Article...]

ZTE shuts down operations due to United States ban

ZTE shuts down operations due to United States ban As the United States and China continue to ratchet up fears of a trade war, ZTE has become stuck in the crosshairs. This followed the revelation that ZTE had flouted a USA order by shipping US-made components to Iran and North Korea in 2017. [Full Article...]

Dollar index adds gains on concerns over Iran nuclear deal

Dollar index adds gains on concerns over Iran nuclear deal The dollar climbed 0.5 percent to 109.68 yen and edged up 0.3 percent to 1.0044 Swiss franc on fading worries about U.S. President Donald Trump's decision to pull the United States out of the Iran nuclear deal . On Monday, Italy's two largest parties resisted President Sergio Mattarella's call to rally behind a "neutral government". "Solid U.S. inflation data tomorrow and the expected dovish co... [Full Article...]

Software irregularities discovered in Audi V6 diesel engine

Software irregularities discovered in Audi V6 diesel engine Audi said in November 2015 - two months after the admission of wrongdoing by VW - that defeat device software was installed in about 85,000 cars in the United States fitted with its larger engines. "We did that immediately in this case". Audi UK said it does not yet have figures for how many UK cars are included in the 60,000 total, but customers will be notified in the coming weeks. [Full Article...]

Consolidated (COKE)'s Fuel Running Low? The Stock Reaches 52 Week Low Today

Consolidated (COKE)'s Fuel Running Low? The Stock Reaches 52 Week Low Today Worries over higher borrowing costs, along with uncertainties around tariffs and geopolitical tensions have overshadowed a strong earnings season. A number of analysts have issued reports on the company. Shares of NYSE :KO opened at $44.51 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 1.38. Its P/Cash valued at 4.68. [Full Article...]

MoviePass Parent's Stock Plunges Again Following Warning on Cash Burn

MoviePass Parent's Stock Plunges Again Following Warning on Cash Burn Calculating the market cap is easy. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. (NasdaqCM: HMNY ) is -0.000284. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. [Full Article...]

Gilead Sciences Reports Weaker-than-Expected Q1 Results

During the same period in the previous year, the company posted $2.23 earnings per share. analysts predict that Gilead Sciences will post 6.32 earnings per share for the current year. Investors sentiment decreased to 0.8 in 2017 Q4. It fall, as 95 investors sold GILD shares while 545 reduced holdings. 411 rose positions while 104 funds bought positions. [Full Article...]

Migrants: '1000 people rescued in two days', Libyan Navy

Migrants: '1000 people rescued in two days', Libyan Navy The legal process can take up to three years but should the migrants win, they can be awarded damages and Italy would be forced to abandon its policy of equipping, training and coordinating the Libyan Coast Guard. He said the Libyan government behaved carelessly to intercept migrants and return them to Libya. Seventeen Nigerian survivors of a 2017 migrant boat sinking have filed a case with the ... [Full Article...]

Saudi ready to raise oil supply after U.S. pullout from Iran deal

Saudi ready to raise oil supply after U.S. pullout from Iran deal Just under three-quarters of young Arabs view the election of Donald Trump, and his presidency, as a negative for the Middle East and North African region. Crude oil prices ended down about 2.0 percent on Tuesday, but off the lows for the day, after President Donald Trump confirmed the USA will withdraw from the deal with Iran to curb its nuclear program. [Full Article...]

Nordstrom Rack in Brentwood Apologizes to Black Teens Falsely Accused of Shoplifting

Nordstrom Rack in Brentwood Apologizes to Black Teens Falsely Accused of Shoplifting The president of Nordstrom Rack was in St. Louis Tuesday apologizing to three black teenagers who were falsely accused of stealing from the store. In addition to the theft accusations, the teens said a customer in the store called them punks and allegedly said 'are your parents proud of you for what you do?' "We made the purchase to show them that we're equal and we didn't have to steal anyt... [Full Article...]

Vodafone confirms £16bn deal to buy Liberty Global's European assets

Vodafone confirms £16bn deal to buy Liberty Global's European assets The blockbuster deal "accelerates Vodafone's converged communications strategy through in-market consolidation", it added. The deal, which has been the subject of on-off talks for several years, will transform Vodafone from a mobile operator into a cable and broadband TV giant across the continent. [Full Article...]

Walmart-Flipkart deal set to be announced? Here's what could follow

Walmart-Flipkart deal set to be announced? Here's what could follow The wait for Walmart-Flipkart deal would end today. Japan's SoftBank Group (9984.T), which owns roughly a fifth of Flipkart through its Vision Fund, is expected to completely exit, Reuters has previously reported. Flipkart will hold a town hall for employees on Friday, with Walmart CEO Doug McMillon likely to attend, one of the sources said. Tiger Global Management and Tencent Holdi... [Full Article...]

Employers Posted a Record 6.6 Million Job Openings in March

Employers Posted a Record 6.6 Million Job Openings in March Task openings hit a brand new report in March, farther resisting opinion that the labor market is rebuilding and close complete. The number of people quitting rose 4.2 percent to 3.3 million in March, slightly ahead of December's total and the highest since January 2001. [Full Article...]

How Many Card Factory plc (LON:CARD)'s Analysts Are Bullish?

Sold All: 17 Reduced: 67 Increased: 63 New Position: 27. The stock decreased 5.25% or $0.26 during the last trading session, reaching $4.69. PS Business Parks, Inc . Barclays Capital maintained the stock with "Overweight" rating in Monday, October 19 report. Canaccord Genuity upgraded Chemring Group plc (LON:CHG) on Monday, January 30 to "Buy" rating. [Full Article...]

Pop culture: Carrie Underwood returning to 'American Idol' as superstar mentor

Pop culture: Carrie Underwood returning to 'American Idol' as superstar mentor Underwood's " Cry Pretty " video is centered around a live performance. The album is called " Cry Pretty " and will be released on Sept.14. Over the next few months, she wouldn't bare her full face to cameras. It's the first single off her forthcoming sixth studio album which is set to drop on September 14. She started recording the album in January and began teasing songs in early spring before h... [Full Article...]

Government investing billions in Baby Boomers in new budget

Government investing billions in Baby Boomers in new budget The measure is created to be an increase to the Low Income Tax Offset (LITO ), which is delivered as the end-of-the-year tax rebate. The tax offset is now worth $445 for people who earn less than $37,000 per year, however that's expected to increase to $1000. [Full Article...]

JetBlue Plane Windshield Shatters, Flight Diverted

JetBlue Plane Windshield Shatters, Flight Diverted The cracks did not cause the cabin to lose pressure and the plane made a safe landing however, passengers were shaken up by the incident as they were escorted onto another flight. The JetBlue worker tried to calm any worries by saying that the passengers were never in any grave danger. Southwest Airlines has had two incidents involving damaged windows in the past month. [Full Article...]

'Stamp Out Hunger' food drive May 12

'Stamp Out Hunger' food drive May 12 Postal Service in the Alamogordo area. A letter carrier or volunteer will pick up the donation and ensure it gets to Oregon Food Bank. For details on the North Coast food bank, call Gary White, Vineyard's pastor, at 805-927-5550. Last year, Second Harvest distributed over 8.4 million pounds of food. Bags should be filled and ready for pickup by Litchfield mail carriers May 12. [Full Article...]

Medical trip: We can't guarantee Buhari's return - Presidency

Medical trip: We can't guarantee Buhari's return - Presidency However, a year ago he spent 104 days in the UK. The president's position was contained in a statement issued by Garba Shehu , the senior special assistant to the president on media and publicity on Monday, May 7. A cleric, Pastor Gabriel Adegboye has declared himself as the next president of the country, saying it was through divine revelation. "The president embarked on medical trip when me... [Full Article...]


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