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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

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 »

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 »

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 »

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

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 »

Orange County Businesses Reopen Following Water Emergency

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The pipe fix was completed Saturday but area residents emptied local stores of water, and local schools, UNC and restaurants were forced to close. Officials dismissed elementary students at 1:30 p.m., middle school students at 2:10 p.m. Even people who drink fluoridated water, use fluoride toothpaste and get fluoride treatments at the dentist are not getting enough of it to cause problems, he said. Read More »

VW and Bosch propose deals to settle U.S. diesel claims

If it can't, it will have to buy back all vehicles with the smaller diesel engines. According to court documents filed in the U.S., Volkswagen will pay $1.2 billion in settlements to compensate owners of about 80,000 of its larger, 3-liter vehicles implicated in the scandal, as well as buying some back and fixing others. Read More »

Exports, new orders boost factory activity

The Indian manufacturing output increased during January on the back of rising order books, but failed to generate jobs in the sector, the research firm said. The latter, the largest economy in Europe, saw its manufacturing sector rise to a three-year high. Zhao attributed the deceleration of production and new orders to the Lunar New Year holiday which slashed work days. Read More »

'Who Is His Acting Coach': Trump Rips Schumer for Crying Over Order

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During a meeting with small business leaders on Monday morning, President Donald Trump mocked House Minority Leader Chuck Schumer for becoming emotional while talking about the president's travel ban. "We're demanding the president reverse these executive orders that go against what we are, everything we have always stood for", he said. A government official in Baghdad said Foreign Minister Ibrahim al-Jaafari plans to meet the US ambassador on Monday or Tuesday to express dismay at Trump's ... Read More »

Is Mobile Search Cannibalizing Google's Core Search Business?

On Thursday, Google parent Alphabet Inc . posted fourth-quarter profit below analysts' estimates . 20 percent on a $26 billion revenue run rate biz at the beginning of '10 and is now growing 20 percent on a $104 billion run rate biz. "We see tremendous potential in these businesses", CFO Ruth Porat said in an earnings call , adding that Google is also investing in machine learning and "next-generation" computing systems. Read More »

Canada is "Not Concerned" Over Renegotiating NAFTA

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The Trump administration is signalling Ottawa that it's open to bilateral trade deals. White House press secretary Sean Spicer told reporters Monday that the Trump administration will be pursuing and favouring bilateral deals over multilateral ones because he said it will give the USA more control over trade deals. Read More »

Rio shares surge on NSW coal sale

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Rio Tinto (ASX:RIO) has signed a deal sell its Australian subsidiary Coal & Allied Industries Ltd to Chinese government-controlled Yancoal Australia Ltd (ASX:YAL). Chinese state-owned Yanzhou Coal owns 78% of the Australian Securities Exchange-listed company. "Yancoal has successfully restructured its operations and reduced costs throughout the past three years and established itself as a leading coal producer committed to investing in the Australian resources sector". Read More »

China growth 'super steady' but slows to 26-year low

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Other full-year data: Retail sales jumped 10.9%, industrial production rose 6%, and fixed asset investments increased 8.1%. Brian Jackson, China economist at IHS Markit, told CNBC that "it would be more useful to look at sector level value-added growth to gauge the direction and pace of economic restructuring than official rhetoric". Read More »

Bengaluru ranked the world's most dynamic city, trumping Silicon Valley and Shanghai

The CMI ( http://www.jll.com/cities-research/City-Momentum ), part of This was figures during the discussions at the ongoing World Economic Forum annual meeting at Davos-Klosters, Switzerland. By doing so, it outranked U.S. cities such as Silicon City (3), Austin (7) and Boston (9). US technology capital, Silicon Valley remained near the top of the list. Read More »