Economy

Newark Airport Reopens After Engine Fire Forced Closure

After the tower notified Flight 1579 of the fire, the flight crew deployed the plane's slide chutes and evacuated the passengers on the tarmac. Guerin said the plane had been carrying 124 passengers and seven crew members. "The flight attendants were like: 'Get off the plane, get off the plane'". The airport was temporarily shut down as a result of the aircraft deploying its emergency slides, ... [Full Article...]

Spurs' Kawhi Leonard questionable for Game 3

San Antonio isn't ready to let this best-of-seven series get away as it shifts home. "Unlike Game 1 we did that tonight". "I'm like, 'Warriors acting coach, '" he said, pointing to the logo on his shirt. Leonard was also sidelined in Game 2 . "It's fun to watch", Durant said. "My approach to this game for 14 years that I've been in the league is to play hard and [give] 100 percent of w... [Full Article...]

Trump pushes for Mideast peace, but avoids thorny details

Welcoming Trump, Netanyahu said, "I also look forward to working closely with you to advance peace in our region, because you have noted so succinctly that common dangers are turning former enemies into partners". Netanyahu, invoking Abraham Lincoln's desire to visit what he called "the eternal capital of the Jewish people, said, "There's no city on Earth where you are more welcome than right here... [Full Article...]

Ford to cut 1400 salaried employees in North America, Asia

Ford to cut 1400 salaried employees in North America, Asia Ford's board of directors reportedly turned up the pressure on Chief Executive Officer Mark Fields to explain the company's fading fortunes and his plan to turn things around. The cuts belong to a formerly announced strategy to cut expenses by $3 billion, the person stated, as USA new automobile sales have revealed signs of decline after seven years of successive development since the end of... [Full Article...]

Fidelity & Guaranty Life to be acquired in $1.84 billion deal

The stock of Fidelity & Guaranty Life (NYSE: FGL ) has "Buy" rating given on Tuesday, January 17 by Sandler O'Neill. Nationwide Fund Advisors holds 7,478 shares or 0% of its portfolio. Synovus Financial Corp accumulated 6,606 shares or 0% of the stock. After posting $0.62 EPS for the previous quarter, Fidelity & Guaranty Life's analysts now forecast 1.61 % EPS growth. [Full Article...]

Investors Must See: Wal-Mart Stores Inc. (WMT)

Earnings were an improvement from 98 cents a year ago and beat analyst estimates of 96 cents, according to Yahoo Finance. The company said sales at United States stores open at least a year, or same-store sales, grew by 1.4%, beating analyst expectations of 1.3% and marking the 10th consecutive quarter of same-store sales growth. [Full Article...]

Looking For a Catalyst: Update on Advance Auto Parts, Inc. (NYSE:AAP)

A number of other research analysts have also issued reports on AAP . TheStreet lowered shares of Advance Auto Parts from a "b" rating to a "c+" rating in a report on Monday, March 27th. The Diversified Trust Co holds 9,911 shares with $1.68M value, up from 1,400 last quarter. Advance Auto Parts had a net margin of 4.75% and a return on equity of 20.42%. [Full Article...]

Wells Fargo & Co (NYSE:WFC) & Halliburton Company (NYSE:HAL) Watch List

Wells Fargo & Co (NYSE:WFC) & Halliburton Company (NYSE:HAL) Watch List It has outperformed by 29.51% the S&P500. The VC1 of Wells Fargo & Company (NYSE:WFC) is 57. Finally, Lederer & Associates Investment Counsel CA purchased a new stake in shares of Wells Fargo & Co during the fourth quarter valued at approximately $2,036,000. [Full Article...]

TSA is taking a closer look at LAX passengers' electronic devices

TSA is taking a closer look at LAX passengers' electronic devices Now, the TSA is working on more changes meant to make the security process more efficient - like removing food from carry-ons and using digital ID scanners. Cluttered carry-on bags, which have become increasingly more common as passengers try to avoid fees for checked luggage, can take longer for TSA screeners to decipher on an X-Ray machine. [Full Article...]

Latest N.Korean missile test reveal improved technology: Seoul

Army Gen. Lee Sun-jin, Korea's chairman of the Joint Chiefs of Staff (JCS), had a almost 2-hour video conference with his US and Japanese counterparts Tuesday agreeing to bolster "substantive cooperation" between the three countries in response to the North's nuclear and missile threat. [Full Article...]

Time to Reconsider NVIDIA Corporation (NVDA) After Reaching 52-Week High?

Time to Reconsider NVIDIA Corporation (NVDA) After Reaching 52-Week High? The transaction is a bet on Artificial intelligence, a sector which is rapidly becoming a driving factor in technology M&A, with over 30 acquisitions of Artificial Intelligence taking place in the first quarter of 2017 alone. The Company's Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health f... [Full Article...]

OPEC nearing deal to extend oil output cut to March 2018

OPEC's second-largest producer, Iraq , had insisted on limiting the extension to six months but said this week it would not object to a nine-month prolongation after talks with Saudi Arabia. "With oil stocks nowhere near OPECs self-assigned objective of the recent five-year average level, an extension of cuts seems all but a forgone conclusion", said Harry Tchilinguirian, strategist at BNP Parib... [Full Article...]

Boeing Awarded DARPA Contract to Build Spacecraft

Boeing Awarded DARPA Contract to Build Spacecraft The XS-1 will launch vertically using an Aerojet Rocketdyne AR-22 engine fueled with liquid oxygen and liquid hydrogen. Boeing will develop an autonomous, reusable spaceplane capable of carrying and deploying a small expendable upper stage to launch small (3,000 pound/1,361 kg) satellites into low Earth orbit. [Full Article...]

Further delay to RBS legal action amid 'good' progress in settlement talks

Further delay to RBS legal action amid 'good' progress in settlement talks Talks to agree a £200m settlement between investors and Royal Bank of Scotland have been going on for 48 hours but it is not clear if the offer from the bailed-out bank has been accepted. RBS, which is still more than 70 percent state owned, denies any wrongdoing and says former executives did not act illegally. However, sources said late on Tuesday that a number of shareholders in the 9,000-s... [Full Article...]

Cisco Systems, Inc. (NASDAQ:CSCO) Under Analyst Spotlight

Cisco Systems, Inc. (NASDAQ:CSCO) Under Analyst Spotlight Corporate insiders own 0.11% of the company's stock. About 22,494 shares traded or 12.88% up from the average. Before that, quarter ending January 2016, Cisco Systems, Inc. It worsened, as 81 investors sold CSCO shares while 635 reduced holdings. Several hedge funds have recently made changes to their positions in CSCO . [Full Article...]

Iran accuses U.S. of 'Iranophobia', arming 'dangerous terrorists'

Iran accuses U.S. of 'Iranophobia', arming 'dangerous terrorists' Welcoming Trump , Netanyahu said , "I also look forward to working closely with you to advance peace in our region, because you have noted so succinctly that common dangers are turning former enemies into partners". The official briefed on Sunday's meeting said the package includes building permits for Palestinians in Area C that has largely been off limits to Palestinian development until now... [Full Article...]

Duterte declares martial rule in besieged south Philippines

The announcement, made by his spokesman at a press conference in Moscow where Duterte was on an official visit, fulfils an often-repeated warning by the president that he would enforce military rule to quell security threats. The US State Department offers a $5-million bounty for Hapilon s capture. Duterte had put the entire island of Mindanao under martial law following the recent terror atta... [Full Article...]

Why Melania and Ivanka Trump Covered Their Heads at the Vatican

The Washington Post reports the Pope was unsmiling during their one-on-one exchange, and rung his bell after 30 minutes to end the meeting. Trump also met on Wednesday with Italian Prime Minister Pablo Gentiloni, and will head next to Brussels for the 2017 North Atlantic Treaty Organisation summit. [Full Article...]

Iran's ballistic missile programme will continue: Rouhani

Iran's ballistic missile programme will continue: Rouhani Within hours of Trump's speech Rouhani's rivals were hitting at him hard, calling him responsible for Trump's attack, as well as for the diplomatic success of Saudi Arabia - Iran's regional archrival - in apparently uniting numerous Islamic nations against the Republic. [Full Article...]

Kuwait oil minister says deeper OPEC output cuts possible

Kuwait oil minister says deeper OPEC output cuts possible OPEC has promised to cut supplies by 1.8 million barrels per day (bpd) until the end of June and is expected on Thursday to decide to prolong that cut to March 2018. But if OPEC's public comments convince traders it will ensure oil stockpiles are reduced to their five-year average, it may embolden United States producers to ramp up shale oil production. [Full Article...]


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