Economy


Essar Shipping Q4 net loss narrows, to sell stake in subsidiary
- May 27, 2016

The bank had reported a net loss of Rs 56 crore in the same quarter previous year. The figure stood at Rs 36,519.14 crore in the preceding quarter. The company had reported a net profit of Rs 1,412.48 crore for the corresponding period of 2014-15, it said in a regulatory filing. (more...)
U.S. new home sales surge in April, beat expectations U.S. new home sales surge in April, beat expectations
- May 25, 2016

The increasing new home sales trend will also affect the Fed's decision to raise interest rate in June, regarding to the Fed's April 26-27 policy meeting, which considered the improvement in second-quarter growth as an important benchmark. Data for February and March were revised to show 39,000 more units sold than previously reported. At a median price of $321,100, according to the Commerce Department, new home purchases totaled more than 600,000. (more...)
Canada firefighters hope cooler weather will help control Alberta wildfire Canada firefighters hope cooler weather will help control Alberta wildfire
- May 22, 2016

Some good news, as of Sunday: Due to favorable winds, the fire was burning away from the city of Fort McMurray. Fifteen-year-old Emily Ryan and her stepmother's nephew, Aaron Hodgson, died in the accident after the fire drove 80,000 people from the city. (more...)
Struggling ace Harvey to make next scheduled start for Mets Struggling ace Harvey to make next scheduled start for Mets
- May 21, 2016

After being the toast of New York Mets baseball and his resilient season past year coming off of surgery, pitcher Matt Harvey has gone from being the hero of the team to being booed off the field by his very own fans. Collins does not believe Harvey is lacking the arsenal to get pitchers out, but he just isn't making the pitches in big counts like he has in the past. (more...)
Stocks fall in early trading; Target drops after reporting weak sales Stocks fall in early trading; Target drops after reporting weak sales
- May 19, 2016

Industrial production surged last month; retail sales climbed to the highest levels in more than a year; and momentum in the housing sector continued to build. Staples fell 1 percent to $8.20 after the company said it does not expect top-line growth this year, while Lowe's was up 2.9 percent to $78.15 after the home improvement chain's quarterly sales exceeded expectations. (more...)
Herbalife estimates possible FTC settlement could reach $200 million
- May 07, 2016

Herbalife Ltd . (NYSE: HLF) shares are up almost 15 percent on Thursday evening amid three positive catalysts: A top/bottom line beat in Q1, raised full-year EPS guidance and a disclosure that talks with the FTC are progressing. Herbalife has defended its business practices. It recently traded in a range of $56.67-$58.32 at a volume of 813160 shares. Herbalife has been coping with the dual challenges of boosting growth while warding off Ackman's criticism. (more...)
Herbalife says it is in advanced talks with FTC
- May 07, 2016

Based on the most relevant historical data, there is a 56 percent probability for share price to go up following the next earnings report. Sales of $1.1 billion in the first quarter were up 1 percent over previous year. In a filing Thursday, the company elaborated on its FTC negotiations, saying it's hard to predict the timing of a potential resolution and the likely outcome. (more...)
A Trump proposal for national debt would send rates soaring
- May 07, 2016

President Barack Obama pauses while speaking in the briefing room of the White House in Washington , Friday, May 6, 2016, about the economy and new steps to strengthen financial transparency and combat money laundering, corruption, and tax evasion. (more...)
PGA Tour Tournament Preview & Tips - Wells Fargo Championship
- May 06, 2016

He won this PGA tour for the first time in 2010. "The length is a premium this year here more than others", Fowler said. The last couple of weeks have seen Charley Hoffman and Brian Stuard take home trophies, but with all the big-time players going to Charlotte it is going to much harder for an underdog to beat out the field. (more...)
Supreme Court of US Colorado State Outlaws Local Bans on Fracking Supreme Court of US Colorado State Outlaws Local Bans on Fracking
- May 04, 2016

COGA spent about $1 million fighting the Fort Collins and Longmont laws, along with a fracking ban in Lafayette and moratorium in Broomfield. Colorado's highest court overturned two cities' bans on hydraulic fracturing Monday, ruling that state law preempts them. (more...)
RBA cuts cash rate by 25 basis points to 1.75%
- May 04, 2016

Diving into today's monetary policy announcement, the central bank mentioned that inflation has been low for some time and that recent data was unexpectedly low. The chief economist at AMP Capital, Shane Oliver, agreed that another cut to take the cash rate to 1.5 percent was likely. The forecast was no change in the interest rates from 2%. (more...)
Saudi Arabia to introduce 'green card' for expats
- May 02, 2016

In an exclusive interview with Al Arabiya News Channel by Turki Aldakhayel, Deputy Crown Prince Mohammed bin Salman said that the Kingdom of Saudi Arabia was founded by late King Abdulaziz and his companions without the need for oil , pointing out that it is very risky to deal with Aramco company as our constitution. (more...)
Volkswagen vows to fix diesels, launch new electric vehicles
- May 01, 2016

Chief Executive Matthias Mueller talked to President Obama for a couple of minutes during his visit to Hanover on Sunday. Also because we know that we have disappointed many people - people who have placed their trust in Volkswagen. Volkswagen has admitted to manipulating software in 11 million cars worldwide, including about 600,000 in the United States, so that emissions equipment operated at full capacity only when the vehicles were being tested. (more...)
Hamilton reprimanded following qualifying infringement at Russian Grand Prix
- May 01, 2016

Rosberg can win his seventh race in succession and fourth of the season on Sunday. The world champion was ruled out of the battle for pole for the second successive race on Saturday by a repeat failure in his Mercedes power unit - despite a new energy-recovery MGU-H being fitted after the problem first struck two weeks ago in Shanghai. (more...)
"Carly terrifies Hillary Clinton", Cruz says
- May 01, 2016

In Indiana, which Cruz backers once believed they were favored to win after his strong defeat of Trump in Wisconsin , Cruz's numbers have fallen precipitously: Once leading, Cruz now trails in the state by eight to 10 points, according to a person who has seen the numbers, with Trump over the 40% mark. (more...)
Natig Aliyev: Contradictions within OPEC prevented success at Doha talks Natig Aliyev: Contradictions within OPEC prevented success at Doha talks
- April 30, 2016

OPEC and nonmember oil-producing nations could revive talks to cap crude output this summer, Ibrahim Muhanna, a top adviser in the Saudi oil ministry, told the Wall Street Journal . He said the estimated level of oil price was still higher than the government's forecast of between US$30 and US$35 per barrel announced at the Budget 2016 recalibration in January. (more...)
After days of carnage, Syrian city of Aleppo mostly calm
- April 30, 2016

He said the United States was "outraged" over the airstrikes , saying they appeared to have been deliberate. Secretary of State John Kerry condemned the attack, saying it " follows the Assad regime's appalling record of striking such facilities and first responders". (more...)
FAA: Smoke in jet cabin, cockpit leads to emergency landing FAA: Smoke in jet cabin, cockpit leads to emergency landing
- April 30, 2016

Passengers evacuated on slides. A passenger shot this photo after he was evacuated from an American Airlines plane. The report adds that outbound flights are still departing, but aircraft scheduled to leave the airport are being delayed. (more...)
Family: 2 Palestinian siblings slain by Israel without cause
- April 30, 2016

The police found another knife identical to the one she was carrying, while a switchblade was found on the her brother's body. "The past three days have witnessed intensified incursions accompanied by dances and prayers under the Israeli occupation forces' protection and when Muslim worshipers and mosque guards tried to stop them, the occupation forces assaulted them and injured many of them". (more...)
Valeant CEO to tell Senate he regrets raising heart drug prices
- April 29, 2016

Pearson will appear on Wednesday alongside Valeant's activist investor and board member William Ackman, and board member Howard Schiller, where they are expected to be peppered with questions of the company's business and pricing practices. (more...)