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GM sale of Opel to PSA to be announced Monday

Another sticking point was GM's demands that "a PSA-owned Opel be barred from competing against its own Chevrolet lineup in China and other overseas markets", according to the Reuters source, who said it was resolved after the American company bundled the issue together with the pension liabilities offering PSA more than the initial proposal of $1 billion to $2 billion to fund the pension plans. Read More »

What are analysts Suggestions on: General Motors Company (NYSE:GM)

Vanguard Group Inc. increased its position in General Electric Company by 0.6% in the second quarter. Want to see what other hedge funds are holding EDE? PNC Financial Services Group Inc. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The firm had revenue of $33.10 billion for the quarter, compared to analysts' expectations of $33.67 billion. Read More »

FCC votes to block internet privacy rule

Privacy rules were addressed by the FCC after its passage of 2015's net neutrality rules resulted in ISPs being reclassified as "common carriers", an action that moved them out of the FTC's authority. It also included any content from unencrypted message that may have been accessible to the service provider. A September 2016 Pew Research Center report found that more than nine out of 10 adults (91%) agree or strongly agree consumers have lost control of their personal data and its use. Read More »

Ben Carson Confirmed As HUD Secretary

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Carson's inexperience to lead the Department of Housing and Urban Development ", wrote Democratic Sen. "Dr. Carson knows that removing regulatory barriers is a necessary component of any national housing policy and that housing is key to the long-term health of the USA economy". Read More »

Pepsi, Coke ban: Retailers to lose ₹400 crore

According to reports, some hotels in Coimbatore, around 500 km from here, have already started boycotting Pepsi and Coke. The Indian Beverage Association has said it is "deeply disappointed" by a call for a boycott in southern India that includes The Coca-Cola Co and PepsiCo brands. Read More »

Oil Hits Three-Week Low on Record-High Inventories

Interestingly, this price level, according to unnamed OPEC sources, is considered sufficient to discourage US shale producers from building production further. OPEC has made a decision to produce 1.8 million barrels less per day to end the global oil oversupply. The Labor Department released a report on Thursday showing that first-time claims for USA unemployment benefits fell to their lowest level in over forty years in the week ended February 25th. Read More »

Dow breaks 12-day record streak ahead of Trump speech; retail down

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The Nasdaq Composite fell 35 points, or 0.6%, to 5,826. The Dow fell 0.1 percent, to 20,812.24. The Dow closed at record highs for 13 sessions in a row back in 1987, nine months before the Black Monday market crash. Brent crude, used to price worldwide oils, rose 4 cents to $56.46 in London. Stocks have risen sharply in the wake of the November 8 election, bolstered by Trump's promises of tax reform, infrastructure spending and reduced regulations, and investors are looking for more ... Read More »

United Airlines starting non-stop flights to Chicago in June

CAA board chairman Charles R. Gray said the service will utilize an Airbus 319 with a 128-seat configuration. United discontinued similar service to San Francisco from Sonoma County in 2001. "United has been part of Bradley's network for more than 50 years". In 2016, Bradley marked its fourth consecutive year of year-over-year passenger growth, Malloy said. Read More »

DeVos opposed undoing transgender protections

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She said the guidance was "one-size fits all" and "top-down", adding her approach is to put as much control as possible into state, local and parental hands. However, under pressure from Sessions and Donald Trump, DeVos has agreed to the move, as she was unwilling to either resign or go against the president, but she and Sessions reportedly still have differences over the language of the directive that will reverse the previous one, according to the paper. Read More »

JCPenney Announces Closure Of As Many As 140 Stores

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The affected stores represent about 13 percent of the company's 1,014 stores, but the stores represent less than 5.0 percent of total sales. " This year was not without its challenges, particularly in our women's apparel business, but I am proud this team delivered on our goal to return our company to profitability in 2016 ", JCPenney Co.'s chairman and chief executive officer, Marvin R. Read More »

Day ahead: RBS, StanChart last on banks' 2016 results roller coaster

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The group revealed recently it had set aside another £3.1bn ahead of an expected fine from United States authorities - linked to the sale of mortgage-backed securities - which was included in the bank's results. Restructuring costs include a £750m provision for the plan announced earlier this week that would see RBS boost banking competition instead of selling Williams & Glyn. Read More »

Owner of Burger King, Tim Hortons to Buy Popeyes for $1800000000

Under the new ownership, the chicken chain will be "accelerating its pace of growth" with the opening of new restaurants in the United States and elsewhere, it added. "The team has done a great job setting the foundation for future growth." he further stated that the Popeyes is going to be managed independently. It's been more than two years since the $12 billion merger between Tim Hortons and Burger King, so it was probably only a matter of time before 3G Capital made its next deal in the ... Read More »

Analyst's Proposition on General Motors Company (GM), The Kraft Heinz Company (KHC)

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FT reports, The 15 analysts offering 12 month price targets for Kraft Heinz Co have a median target of 98.00, with a high estimate of 110.00 and a low estimate of 90.00. The company, with brands such as Oreo, Chips Ahoy!, Triscuit, Nabisco, Milka, Toblerone, Cadbury, Trident, Dentyne, and Tang powdered drinks, has a presence in about 165 countries, giving Kraft Heinz the geographical reach it needs. Read More »

Rockets fired into southern Israel from Egypt's Sinai

Recently, the IS-affiliated group of "Sinai Province" claimed responsibility for launching missiles at Israel, which came down in southern Israel and caused no injuries or deaths. The attack took place near the Sinai border with the Gaza Strip, outside of the city of Rafah. It wasn't immediately clear who fired the shells but Islamic militants in Egypt's lawless Sinai have been behind a number of such attacks in recent years. Read More »

Looks at $143 billion acquisition of Unilever

Unilever commented: "This fundamentally undervalues Unilever ". Warren Buffett's Berkshire Hathaway and 3G Capital own 50.9% of Kraft Heinz . Kraft Heinz shares were up more than 7% when the U.S. The company is the world's fourth-largest consumer goods company by sales, with revenues a year ago of €52.7 billion. "There will undoubtedly be competition concerns given how big any new company would be, and Kraft is already in the process of drilling down on costs as a result of its ... Read More »

With Samsung chief's arrest, three executives in spotlight

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He was already being held at a detention centre after appearing in court Thursday as judges deliberated whether to issue an arrest warrant. Lee Jae-Yong, Samsung Electronics vice chairman, is accused of paying almost $40 million in bribes to Park's secret confidante to secure policy favours. Read More »

Yahoo and Verizon 'near to agreeing revised sale terms'

According to a new report , Verizon wants to shave off $250 million from the original deal. Sources said the deal is now likely to close by April, the time frame Yahoo had announced recently. The Securities and Exchange Commission is investigating the breaches and their disclosures, Yahoo said in a filing in January. Then, in December 2016, Yahoo announced a separate, even more massive breach of user data. Read More »

Report says more than 1900 bridges in OH are 'structurally deficient'

The inventory of structurally deficient bridges has declined 0.5 percent since the 2015 report . Being declared "structurally deficient" doesn't mean a bridge is about to fall down. Black says state and local transportation departments lack the resources to keep up with bridge repairs. While the bridges might not be immediately unsafe, ARTBA says they do need attention. Read More »

Stock to Track: Verizon Communications Inc. (NYSE:VZ)

The stock tumbled -9.44 percent over the last 6 months. According to sentiments of 22 analysts the mean estimates of short term price target for the company's stock is marked at $52.23. This represents a $2.31 annualized dividend and a dividend yield of 4.79%. When we have a peek on stock's historical trends we come to know that, the stock has climbed 0.48% in the past one week and plunged -8.14% during previous one month drive, the stock went up 4.49% during past quarter. Read More »

Consumer price inflation set to see upside pressure: Crisil

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The official data disclosed that prices of vegetable plunged by (-) 15.62 per cent on a year-on-year (YoY) basis, whereas cost of pulses dropped by (-) 6.62 per cent. The CPI data revealed that the annual retail inflation for rural India was 3.36 per cent while that for the urban centres was 2.90 per cent. Food prices have also been easing for six consecutive months. Read More »

China's Jan crude imports rise to third-highest on record

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The January export figures could be a precursor to frictions with Washington as US President Donald Trump accused Beijing of currency manipulation to give Chinese exporters a trade advantage, while he also threatened to impose huge tariffs on Chinese imports. Read More »

Oil industry can't stand another price collapse - Venezuela

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But it also repeated its forecast that overall non-OPEC production is likely to increase by almost 400,000 b/d this year, compared with an 800,000 b/d decrease last year, thanks to a revival in U.S. The country reduced output by 120,000 b/d last month, short of its 210,000 b/d pledge. With a view to contributing to support the oil barrel price, the Vienna-based organization of the major Middle East oil producers has agreed to accept a very considerable output reduction, together with the ... Read More »

After Trump, White House releases list of 78 terror attacks 'under-reported'

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Such attacks are generally reported with blanket coverage on TV, and receive wide attention in other media. In addition, several global media outlets published longform pieces on the scope of the coverage itself. It stood at 4.9 murders per 100,000 people, a far cry from the rates in the 1970s, 1980s and most of the 1990s, when they were typically over 6 per 100,000, peaking at over 10 in 1980. Read More »

Greek debt will become 'explosive' within 13 years

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The IMF staff said that additional austerity measures and spending cuts would not improve Greece's financial prospects in the longer term. Finance Minister Euclid Tsakalotos and Bank of Greece governor Yannis Stournaras have hit back at the International Monetary Fund report. Read More »