Russian Federation has cut oil output by 100000 bpd: ministry
- January 23, 2017

A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The deal to cut output marked a dramatic reversal of OPEC's previous Saudi-led strategy of flooding the market to squeeze US shale oil producers, which need a higher oil price to make money. (more...)
Furniture sales slow in December; amount purchased drops Furniture sales slow in December; amount purchased drops
- January 21, 2017

The ONS says that estimates of Black Friday spending are not included - falling in November instead - but those for Cyber Monday, the first Monday in December, were. "In recent years, it has become increasingly more meaningful to look at retail sales over the whole of the fourth quarter rather than concentrate particularly heavily on December as increased discounting (particularly Back Friday in late November) has tended to bring some sales forward", said Howard Archer, chief market analyst ... (more...)
Canadian Pacific CEO Harrison to leave early Canadian Pacific CEO Harrison to leave early
- January 21, 2017

CP Rail plans to invest about $1.25 billion in capital programs in 2017, an increase of six per cent over $1.18 billion spent in 2016. In a separate transaction, on Dec 23, 2016, Ubavka Rebecca Macdonald (director) sold 3,900 shares at 143.65 per share price.On Nov 25, 2016, Peter John Edwards (VP People) sold 15,300 shares at 149.60 per share price.On Apr 27, 2016, Matthew H Paull (director) purchased 1,000 shares at 143.89 per share price. (more...)
Inflation rises to 1.5% Inflation rises to 1.5%
- January 21, 2017

Economists had expected a bigger increase of 1.7 per cent year-over-year in December. Sales rose in five of 11 major categories marking 45 per cent of the industry total. On a seasonally-adjusted basis, prices rose 0.3% in December following a 0.1% gain in November. Sales at building material and garden supply stores rose 2.9 per cent, the most since the start of past year. (more...)
Pearson forecasts years of textbook gloom; to sell Penguin
- January 19, 2017

It also said it would have to "rebase" its dividend from 2017, raising fears that it could be cut or axed altogether. Net revenue fell 30% year-on-year, and revenue for the business for the full year was down 18%. While higher education in North America remains Pearson's biggest problem, the company also has faced setbacks in its efforts to capitalize on the Common Core primary- and secondary-education standards that have faced a backlash in several US states. (more...)
IEA chief warns of more 'much more' oil price volatility in 2017 IEA chief warns of more 'much more' oil price volatility in 2017
- January 18, 2017

While the production cuts are expected to boost oil prices, Birol told Reuters that rising prices could encourage US shale producers to grow production. Separately, Russia's Energy Minister Alexander Novak said the country was starting to implement its own planned cuts in conjunction with an agreement among the non-Opec producers. (more...)
Trump HHS Pick In Potential Insider Trading Scandal
- January 18, 2017

Chairman of the House Budget Committee Tom Price (R-GA) speaks to reporters after announcing the House Budget on Capitol Hill in Washington on March 17, 2015. Price continued to hold about $2,000 worth of shares in the company, the source said, despite having introduced the bill that would have helped the firm just days earlier. (more...)
Retail Sales Rose in December
- January 16, 2017

The figures also pointed to a continuation of consumer trends in shopping, with online businesses seeing rising sales, while department stores moved fewer goods off the shelves. NRF President Matthew Shay said the numbers showed the current economic recovery was gaining pace and that "consumers feel good about the future". Consumer sentiment hovered this month near an nearly 13-year high, according to a University of MI survey. (more...)
Iran Air takes delivery of its first new-build Western aircraft Iran Air takes delivery of its first new-build Western aircraft
- January 14, 2017

State TV quoted Parvaresh as saying on Thursday that Iran's Bank of Industry and Mine had financed the purchase of the first plane delivered. The deal - for 46 A320, 38 A330 and 16 A350 XWB jetliners - are the first new planes to be bought by Iran since before 1979. (more...)
EC yet to take call, budget session from January 31 EC yet to take call, budget session from January 31
- January 09, 2017

Earlier the government, while breaking away from decades-old tradition of holding the Budget session in last week of February, had announced that it will advance the Budget date and present it on February 1 instead of last week of the same month. (more...)
An Ex Employee Is Suing Snapchat For Lying About Growth To Investors An Ex Employee Is Suing Snapchat For Lying About Growth To Investors
- January 08, 2017

The motion from the ex-staff member, which was first noted by the Hollywood Reporter yesterday, claims that the company has been misleading investors to drive up its forthcoming initial public offering (IPO) and that he was sacked for being a whistleblower. (more...)
Canada sinks Sweden to set up gold medal showdown with USA
- January 07, 2017

Julien Gauthier scored the first of his two goals to put Canada 3-2 ahead before Captain Dylan Strome made it 4-2. There wasn't any point in this game where we thought losing was an option. Chabot was also named the best defenceman of the tournament and best player of the final. But that was only the opening act of the period. Both teams deserved to win, but the Americans at the end of the day pulled out a small miracle on ice . (more...)
NTSB Official Says LIRR Train Crash Investigation Could Take Days NTSB Official Says LIRR Train Crash Investigation Could Take Days
- January 06, 2017

And in cases where trains are going slowly, as initial reports indicate occurred in Wednesday's incident, Positive Train Control may not avert an accident at all. As the train got to the station, witnesses said they felt it slam against something, and many began to panic, scream and cry. Officials said the train struck a "bumping block", where it was supposed to stop, and went over the block. (more...)
Southwest Airlines adds summer flights to Charleston Southwest Airlines adds summer flights to Charleston
- January 06, 2017

Southwest Airlines joins Alaska Airlines as the two carriers providing nonstop service between Boise and San Diego. The flight to Newark comes after Southwest recently launched cross-country flights to Baltimore/Washington D.C. In other Southwest Airlines Company news, EVP Jeff Lamb sold 14,534 shares of the firm's stock in a transaction dated Friday, December 2nd. "During a unique period in which Southwest Airlines has more opportunity for success than aircraft to fill its needs, we are ... (more...)
Would you spend $632000 on a Bluefin tuna? He just did Would you spend $632000 on a Bluefin tuna? He just did
- January 06, 2017

A beaming Kiyoshi Kimura, owner of Kiyomura Corp, posed with the prized fish after winning the predawn New Year auction. Previous year the auction was supposed to be the last at Tsukiji's current location, but a shift to a new facility on Tokyo Bay was delayed due to soil contamination at the former gas plant site. (more...)
NYC prepares for New Year's celebration
- December 31, 2016

If you plan on riding NJ Transit, extra service to and from New York City will be available New Year's Eve until 6 a.m. And as we do every year, we'll let you enjoy the sights and sounds without commentary during and after the ball drop . (more...)
Burke Ramsey files lawsuit against CBS Burke Ramsey files lawsuit against CBS
- December 30, 2016

A spokesperson for CBS declined to comment. In October, Burke Ramsey filed a separate $150M suit against Dr. Werner Spitz , who appeared on The Case Of giving an interview to CBS Detroit in which he said of Burke's involvement in the killing, "If you really, really use your free time to think about this case, you can not come to a different conclusion". (more...)
Amazon Is Considering Drone-Friendly Floating Warehouses
- December 30, 2016

Amazon wants to use shuttles to take employees, stock, and drones up to the AFCs and back to the ground, which would mean the drones could save their power for deliveries. Amazon says the AFC might be supported by, or incorporated into, an airship or dirigible, and can remain airborne for extended periods. The patent uses sporting events as an example of when such a delivery method would be useful, CNN reports . (more...)
OPEC effect: Brent crude passes $55
- December 29, 2016

West Texas intermediate crude for February delivery rose 90 cents to $53.92 a barrel at 12:02 p.m. on the New York Mercantile Exchange after earlier advancing to the highest intraday level in two weeks. Brent for February settlement climbed 85 cents, or 1.5%, to $56.01 a barrel on the London-based ICE Futures Europe exchange. "Right now the focus is going to be on the OPEC cut which is why [oil] has found some gradual support", said Amrita Sen, the chief oil analyst at Energy Aspects. (more...)
Vikings Safe Following Plane Skids off the Runway in Wisconsin Vikings Safe Following Plane Skids off the Runway in Wisconsin
- December 27, 2016

Stay updated on this and other stories by downloading the FREE 13WMAZ app now in the iTunes store or on Google Play . The Minnesota Vikings trip to Green Bay started and ended poorly for the team. The flight from Minneapolis to Appleton, Wisconsin is under an hour, but after a safe landing, the plane slid a few feet off of the taxiway, causing the delay. (more...)