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Asian Stocks Ease, Cautious Ahead of Central Bank Announcements

Analysts widely expect the central bank to stay put on benchmark rates but anticipate a possible hike in the late liquidity window, the facility though which it funds banks. GO HIGHER: GoPro, which makes wearable cameras, surged 16.3% to $8.55 after it announced a cost-cutting plan and said it's sticking by its forecast for 2017 profits. Read More »

Russian Hackers Indicted for Yahoo Breaches


The FSB officers "directed, facilitated and paid criminal hackers to collect information through computer intrusions", acting United States assistant attorney-general Mary McCord told reporters. The other alleged criminal hacker , Belan, has been charged twice before in the U.S. In all 500 million Yahoo accounts were stolen, and the accounts of at least 18 users of other email services were compromised. Read More »

People pelted with boiling rocks as Mount Etna erupts


The news outlet added that six of the injured people had already been sent to the hospitals of Catania and Acireale cities. "Volcanologist said most unsafe incident experience in his 30-year career". She said the experience was extremely scary . At least 10 people were injured in a powerful explosion of Mt. Etna in Sicily, Italy Thursday. Officials at Sicily's Catania airport announced they would reduce arrivals by half to five flights an hour, due to ash clouds. Read More »

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) Stock current Trends Analysis


Other major USA activist investors such as Paulson & Co, ValueAct Capital Management and Davis Selected Advisers remain among the five largest Valeant shareholders; between them controlling more than 12 per cent of the company. The billionaire is supposedly leaving the multinational specialty pharmaceutical company with a loss of over US$3 billion (AU$3.97 billion) after trying to rescue Valeant for some 18 months. Read More »

Oil prices drop to three-months lows


Oil last week broke below the $50 a barrel level it had held above since the Organization of Petroleum Exporting Countries and 11 other nations started trimming supply on January 1. "Is price the only consideration when it comes to the decision of extending cuts?" Harold Hamm, head of one of the largest USA shale producers, said that industry would need to add output in a "measured way, or else we kill the market", suggesting no new dash for growth. Read More »

Tesla Built A Huge Solar Battery Plant On The Island Of Kauai


Well, that would mean reverting to fossil fuels so that the island has energy to use at night. American automaker and energy storage firm Tesla has unveiled its first big solar energy storage project, the SolarCity. Tesla Inc. (NASDAQ:TSLA) has been slowly and gradually moving toward solar products and recently launched its Powerpack 2 to provide solar energy to people. Read More »

Gander Mountain to close stores in Killeen, Waco


Two of Gander Mountain's chief competitors, Bass Pro Shops and Cabela's , joined forces in a $5.5 billion deal past year. It posed a letter on its Facebook page Friday afternoon, saying that Gander Mountain employees would do everything they can to make the process "invisible and inconsequential" to customers. Read More »

Elon Musk has another ambitious energy project and this time it's free


In a Twitter exchange with Australian billionaire Mike Cannon-Brookes, the CEO of silicon valley start-up Atlassian, Musk assured he was serious following a previous vow from a Tesla executive (via Guardian ). Cannon-Brookes volunteered to help provide funding and lobbying for the project's political support. Considering the state of Southern Australia is in fact under the tight grips of an energy crisis, the offer does seem all the more appealing. Read More »

Afghan family detained in Los Angeles are asking for release


The mother, father and their three children, including a baby, arrived at LAX for a connecting flight to Washington state, where they planned to resettle. Inlender told ABC News that the family was held for nearly two days without any communication and without access to attorneys after arriving at LAX. Read More »

China to increase defence budget by 7%


The country registered the slowest economic growth in 26 years, which political leaders have labelled "the new normal". This suggests China has little intention of starting an arms race with the United States, where President Trump just recommended a 10% increase in military spending to $603 billion. Read More »

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 »

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 »

Ben Carson Confirmed As HUD Secretary


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 »

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


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


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 »

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


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 »

JCPenney Announces Closure Of As Many As 140 Stores


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 »

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)

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 »