Economy


Insurers say Trump must do more to stabilize 'Obamacare'
- April 18, 2017

Some insurers say they've lost hundreds of millions of dollars, and many have pulled back or are considering it. But even if Republicans keep trying to come to terms on a compromise, they're going to keep tripping over the same problem. In response, the Obama administration tightened some of these requirements a year ago and announced it would run a pilot program starting this summer to randomly select half of all special enrollment applicants for verification review , holding up the ... (more...)
Ahmadinejad's Back: Ex-President Registers to Run in Iranian Election Ahmadinejad's Back: Ex-President Registers to Run in Iranian Election
- April 18, 2017

Officials said a total of 1,636 people registered for the election, including 137 women. Iranian President Hassan Rouhani said on Friday that he would seek re-election in the May 19 election. The 12-member Guardian Council, which scrutinizes the candidates, was to announce on April 26, 2017, which candidates it determined were qualified to run. (more...)
It's A Boy! April The Giraffe Delivers Anticipated Calf It's A Boy! April The Giraffe Delivers Anticipated Calf
- April 17, 2017

In this photo provided by Animal Adventure Park in Binghamton, N.Y., a giraffe named April kisses her new calf on Saturday, April 15, 2017. The zoo began streaming from April's enclosure in February. It all went back to February, when someone reported the live feed that had been set up to follow the last moments of the pregnancy as "sexually explicit". (more...)
False Gunfire Report Triggers Penn Station Stampede, Injuring 16 False Gunfire Report Triggers Penn Station Stampede, Injuring 16
- April 16, 2017

Chief James R Waters, NYPD chief of counterterrorism later released a statement on Twitter saying there were no shots fired during the incident in Penn Station or Macy's. NJ Transit officials said Amtrak is responsible for maintaining the power to the tracks in the tunnel. Even more LIRR trains-261 in total-were delayed by six minutes or more, and an additional 83 LIRR trains to or from Penn Station were diverted before reaching their final destinations. (more...)
U.S. drops 'mother of all bombs' on Islamic State hideout
- April 14, 2017

The US has used "the mother of all bombs" to attack a tunnel complex in eastern Afghanistan, killing 36 Islamic State group fighters. A separate non-nuclear weapon known as the Massive Ordnance Penetrator, or MOP, which is larger in its physical dimensions but carries a smaller load of conventional explosives, is created to take out deeply buried targets like reinforced bunkers. (more...)
Uber's PR head resigns amid tumultuous time for company Uber's PR head resigns amid tumultuous time for company
- April 13, 2017

Though both Whetstone and Uber are painting the departure as amicable, The New York Times reports that Whetstone and Kalanick, both individuals with strong personalities, clashed over how to handle external communications. Ed Baker, the vice president of product and growth, left a few days later . Jeff Jones, the second in command to Kalanick, said last month he was quitting after six months on the job because of concerns over the firm's management culture. (more...)
BHP rises after activist investor urges reform BHP rises after activist investor urges reform
- April 13, 2017

In blue-chip risers, shares in BHP have been in demand after Elliott Advisors sent a letter to the miner proposing a plan , involving scrapping the miner's London listing, demerging its USA oil unit and revising its capital return policy. Elliott's proposal argued BHP should be an Australia-headquartered firm paying Australian taxes to eliminate the trading value mismatch between the two lines of shares and optimise the value impact of share buybacks. (more...)
Hungary should talk with Soros-founded school Hungary should talk with Soros-founded school
- April 12, 2017

After days of protests and worldwide criticism, the Hungarian government dispatched its education minister to Brussels to defend a controversial law that critics say would effectively shutter the Central European University, funded by the billionaire financier George Soros. (more...)
Apple is developing in-house power management chips, German analyst reports Apple is developing in-house power management chips, German analyst reports
- April 12, 2017

Apple hired several Imagination employees before news broke of the company's plans to sever ties with the firm. Industry sources in Taiwan suggest that manufacturing of samples of a power management integrated circuit for Apple is already underway, Iltgen wrote. (more...)
Ailing Josh Donaldson not starting in Blue Jays' home opener Ailing Josh Donaldson not starting in Blue Jays' home opener
- April 12, 2017

If I have time to play after the game when my day's done, I'll get on there and play some friends or play my 'Road to the Show, ' or get on my season mode I've started. Howell sidelined, will also be needed on the 25-man roster. "It wasn't a good trip by any means", Gibbons said as he surveyed the handful of players who participated in the optional workout. (more...)
United States disappointed by Russia's reaction to its airstrike on Syrian airbase - Tillerson United States disappointed by Russia's reaction to its airstrike on Syrian airbase - Tillerson
- April 10, 2017

A communication link between US and Russian military officials has protected pilots flying missions over the crowded skies of war-ravaged Syria, but now Moscow says it is suspending its cooperation over an American missile strike. About 100 protesters gathered outside the U.S. Embassy in the Turkish capital of Ankara to protest Friday's U.S. missile strike on a Syrian air base. (more...)
Fed minutes reveal debate over inflation and Trump
- April 09, 2017

The Dow posted its largest intra-day downside reversal in 14 months in Wednesday's session after shedding a gain of more than 198 points to end near the session low, which was a drop of almost 50 points. It raised rates in December and March. Wall Street economists expect Friday's employment report to show the USA economy added 180,000 jobs as the unemployment rate held steady at 4.7% in March. (more...)
KFC to stop using chickens raised with human antibiotics KFC to stop using chickens raised with human antibiotics
- April 09, 2017

KFC U.S. President Kevin Hochman called the chain's move a "major milestone" that should significantly increase the supply of bone-in chicken raised without medically important antibiotics. Industry leaders including Subway, Chick-fil-A, Chipotle , McDonald's and others have made various commitments to eliminate unnecessary antibiotic use from their supply chains. (more...)
SA's sovereign credit rating downgraded to junk status SA's sovereign credit rating downgraded to junk status
- April 07, 2017

It further said "The negative outlook reflects our view that political risks will remain elevated this year, and that policy shifts are likely, which could undermine fiscal and economic growth outcomes more than we now project". Paying higher debt costs would mean less money for critical services such as housing, education and sanitation, which could incite more protests that have rocked towns across the country. (more...)
Recall of anti-allergy medicine EpiPen expands to the U.S. Recall of anti-allergy medicine EpiPen expands to the U.S.
- April 05, 2017

Both have expiry dates of May this year. The kids version, EpiPen Jr., is also a part of the USA recall. Mylan NV announced that the additional recalled items were part of 13 lots of EpiPen (0.3 mg) and EpiPen Jr. EpiPens administer doses of epinephrine to patients with anaphylaxis - a serious allergic reaction that can be fatal if not treated immediately. After Mylan bought the product in 2007 the drug company raised prices nearly 600 percent over the course of the next decade. (more...)
Trump's trust lets him take money at any time Trump's trust lets him take money at any time
- April 04, 2017

He says he handed the company to his adult sons, Donald Jr. and Eric, as well as chief financial officer Allen Weisselberg . The original trust document designated Trump as its " exclusive beneficiary ", but did not specify how or when Trump could access his money. (more...)
Two-wheeler manufacturers Honda,Bajaj,Hero,Suzuki offering upto Rs 22000 discount on BS III vehicles Two-wheeler manufacturers Honda,Bajaj,Hero,Suzuki offering upto Rs 22000 discount on BS III vehicles
- April 02, 2017

The precedence of public health over the commercial interests of corporate behemoths upheld by the Supreme Court should become the guiding principle for conflict-resolution cases like these in the future. The court also turned down an appeal by carmakers to let them clear stock. The automobile industry has a stock 8.24 lakh units of unsold BS-III vehicles. (more...)
Oil hits 3-week high as Opec deal extension seen likely
- March 31, 2017

The price for the global benchmark was 1.12 percent higher than Monday's close to reach $51.32 per barrel about a half hour before the start of trading in NY. Output is lower this month because more cuts have been implemented and due to planned maintenance, industry sources say. Gasoline stocks tumbled 3.7 million barrels compared with expectations for a 1.9 million barrels slip. (more...)
Timeline: Devin Nunes and the Trump wiretapping claims Timeline: Devin Nunes and the Trump wiretapping claims
- March 30, 2017

Nunes' visit to the White House last Tuesday, his move to personally brief President Trump on the matter on Wednesday - before sharing the information with members of his committee - and his prior position as a member of Trump's transition team have led to calls for his recusal from his post leading the House investigation into Russian interference into the presidential election. (more...)
Trump attacks conservative lawmakers over health bill Trump attacks conservative lawmakers over health bill
- March 29, 2017

And the Freedom Caucus makes no secret of its support for the steep tax cuts President Trump wants as well as his proposed military buildup. But if the Freedom Caucus was discomforted, it did not strike back. On 2/16, @RepCummings @SenWarren @SenWhitehouse & I wrote @USGAO & asked they review Mar-a-Lago security procedures & taxpayer funded travel - Tom Udall (@SenatorTomUdall) March 28, 2017 This is not new territory for the GAO, which from time to time is asked by one party or the other ... (more...)