Money

by | May 13, 2017 | 08:26

But questions remain about the effectiveness of OPEC-led cuts, with OPEC member Libya saying production now exceeded 800,000 barrels per day (bpd) for the first time since 2014 and could rise to 1.2 million bpd later this year. "Higher oil production from the United States, along with rising oil output from Canada and Brazil, is expected to curb upward pressure on global oil prices through the end of 2018, said EIA acting administrator Howard Gruenspecht in a statement ".

by | May 13, 2017 | 08:22

On the loss front, nearly $2 billion of the loss went towards stock compensation costs related to the IPO. "Snap came to the public markets just as its user and monetization growth were both starting to meaningfully slow". "Just because Yahoo has a search box doesn't mean they're Google", he said. The company has sharply divided the bulls and the bears, with bulls pointing to the company's popularity among teens and scalability, while bears have pointed to the the company's lack of profits, ...

by | May 13, 2017 | 08:12

On Tuesday, the District Attorney's Office had said that, following a lengthy investigation, it had concluded there was insufficient evidence to bring charges. The train was traveling 106 miles per hour, more than twice the posted speed limit, when it entered a sharp curve at Frankford Junction and derailed.

by | May 13, 2017 | 08:10

Last week the US Food and Drug Administration granted the drug its first approval for use in patients with advanced bladder cancer. " AstraZeneca was the stand-out performer after reporting a successful cancer drug trial". An interim report of the study has found that Imfinzi has already met one of its primary endpoints. The next step in the analysis of the trial will be to see if Imfinzi improved overall survival.

by | May 13, 2017 | 07:58

That's when takeoff was delayed. United directed the plane back to its gate when the creature was spotted and had medics examine the customer for any scorpion stings. While the airline originally stated that weather was the cause for the delay, one passenger tweeted about a scorpion being spotted. They shuffled everyone off the plane and switched aircrafts just in case they were about to run into some sort of scorpions-on-a-plane B-movie thriller situation.

by | May 13, 2017 | 07:55

That analysis confirmed what the networks and their owners have known for many years - that Australia's monopoly electricity networks are achieving many multiples of the returns of any other sector of the Australian economy. In a clever political move, the Treasurer has exempted customer deposits of less than $250,000, as well as superannuation and insurance funds. Mr Morrison has demanded the banks "pony up" and do their part for budget fix on Wednesday, while warning them not to hit ...

by | May 13, 2017 | 07:48

It was the first such "track two" dialogue between the US and North Korea since Trump took office. It will be headed by a veteran operations officer to harness and direct the spy agency's efforts in addressing the nuclear and ballistic missile threats.

by | May 13, 2017 | 07:27

In the same quarter a year ago, the department store chain reported $2.81 billion in revenue and adjusted losses of 32 cents per share. The venerable retailer posted adjusted diluted earnings per share (EPS) of $0.06 and $2.7 billion in revenues .

by | May 13, 2017 | 07:24

Ohio State Highway Patrol has confirmed that one officer was wounded during a shooting situation Friday morning at the Pine Kirk Care Center in the Licking County city of Kirkersville . Authorities responded to the report of an active shooter situation at the Pine Kirk Care Center, 205 E. Main Street in Kirkersville. The sheriff said he didn't know the motive for the shootings, or whether the gunman knew any of the slain.

by | May 13, 2017 | 07:22

Guggenheim Cap Ltd Co has invested 0% in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). It has underperformed by 26.31% the S&P500.The move comes after 6 months negative chart setup for the $93.79 million company. 12/12/2016 - Pennsylvania Real Estate Investment Trust was downgraded to "hold" by analysts at Stifel Nicolaus. RBC Capital Markets has "Outperform" rating and $30 target.

by | May 13, 2017 | 07:17

North Korea has continued to carry out ballistic missiles tests despite numerous sanctions and warnings from the USA government and other world leaders. The ambassador said that the issue was not that serious for the nation. 'The UN Security Council has been sanctioning against us whenever we launch missiles or satellites and carry out nuclear tests, ' he said.

by | May 13, 2017 | 07:15

Opposition to the AHCA was highest among voters who identified themselves as Democrats, with 81 percent saying they disapprove of the House GOP plan. "Quite frankly, this bill is a tweak of Obamacare", Blum said Tuesday in Dubuque before the first of four meetings across his district, which spans central Iowa to the Mississippi River.

by | May 13, 2017 | 07:11

In the negotiations leading to China's accession to the World Trade Organization more than a decade ago, the United States fought for access to China's telecom industry. A number of USA companies are seeking permits to build facilities to process liquefied gas, which would allow America to become a net exporter of gas, something it has not been since the 1950s.

by | May 13, 2017 | 07:07

The aircraft took off at 2:01 pm local time, and remained aloft for more than an hour before returning at 3:19 pm. The flight lasted 90 minutes with the plane hitting a maximum speed of 170 knots. But Gao sees China's "rapid growth in the foreseeable 20 years". The statistic is a good reminder that developing an aviation industry takes many decades.

by | May 13, 2017 | 07:07

CEO Tim Cook recently announced a new $1 billion U.S. Manufacturing Fund, and today, it revealed the name of its first recipient. Now, 10 years later, Corning's Gorilla Glass has become an industry standard - as is used in mobile devices across the globe, not just Apple products.

by | May 13, 2017 | 06:54

On Friday, India released a new series of industrial output and wholesale inflation data, revising the base year to 2011/12 from 2004/05. The government will anounnce new series data for both the IIP and WPI on Friday. The 2004-05 series had 620 items (397 item groups ). But the IIP series for first 11 months of 2016-17 showed a major divergence, with a contraction of 0.3 per cent in manufacturing output compared with 7.7 per cent growth noted in the gross value added data of GDP for the ...

by | May 13, 2017 | 06:55

All other sectors saw increases over April past year. The sequential gain marked an improvement over a 0.1 percent increase from February to March, and the annual gain was off from a 5.2 percent annual increase in March. "Rather, they are the outcome of a change in where consumers spend that money". Some sectors are better off than others: Department stores are faltering and apparel sales are challenged in part because of softening in the athleisure category.

by | May 13, 2017 | 06:45

Apple once again sold fewer iPads and iPhones in the second quarter of its fiscal year, but despite that, the American technology company increased its turnover and profit results. Cook reiterated that point during the CNBC interview, along with Apple's claim that it has created 2 million jobs in the United States, 80,000 of which are directly at Apple and the rest coming from suppliers and software developers for the company's app ecosystem.

by | May 13, 2017 | 06:42

Previous reports have suggested Trump is leaning towards exiting the deal, but there has been no official confirmation from the administration of when an announcement would come. Both men have this week pressed Trump to stay on board. Such appeals have spurred speculation over whether China, the world's biggest emitter of greenhouse gases, will emerge as a leader in the fight against climate change while the U.S.

by | May 13, 2017 | 06:42

The Trump administration has said the original ban was necessary because intelligence suggests terrorists are now able to hide explosives in laptops and other devices. But Greeley Koch, executive director of the Association of Corporate Travel Executives (ACTE), said there were "more questions than answers" about the so-called laptop ban and its possible extension to transatlantic routes.

by | May 13, 2017 | 06:27

China will finally open its borders to U.S. But Sun Lin, a 33-year-old chef at a high-end Beijing hotel, said he viewed the trade deal as merely a diplomatic gesture. The deficit with China represented about 60 percent of the country's total deficit past year of $500.6 billion. Beijing had announced an end to a 14-year embargo on American beef last year, but the decision has yet to be implemented.

by | May 13, 2017 | 06:22

Randy Bradbury, said that there was no radiation leaked and fortunately, workers were not injured. "After no contamination was detected, the shelter in place order was lifted, and employees were sent home from work early as a precaution", a statement by the Department of Energy said.

by | May 13, 2017 | 06:16

The American Assets Capital Advisers holds 40,127 shares with $5.72M value, up from 34,327 last quarter. Vornado Rlty Tr now has $17.53B valuation. About 23,205 shares traded. Kemper Master Retirement stated it has 0.66% in Vornado Realty Trust (NYSE:VNO). (NYSE:GGG) or 11,700 shares. Lexington Realty Trust is a real estate investment trust (REIT).

by | May 13, 2017 | 06:14

The potential move would expand restrictions imposed in March by the USA and Britain to ban electronic devices larger than a smartphone in passenger cabins of flights from eight Middle Eastern and African countries. Reuters says that the expansion will affect flights on United Airlines , Delta Air Lines and American Airlines Group. "The question is how good is intelligence", Pistole said.

by | May 13, 2017 | 06:14

The current rule still allows passengers to take phones inside the cabin, but forces them to check any larger electronic items, including laptops and tablets. European officials are arguing that such a ban would create chaos in the busy travel hubs. European regulators have warned that placing hundreds of devices in the hold on long-haul flights could also compromise safety by increasing the risk of fire from poorly deactivated lithium-ion batteries.

by | May 13, 2017 | 06:10

Buffett said his federal income taxes would have gone down 17 percent previous year if the GOP bill was in effect. American business magnate and world-renowned investor Warren Buffett talked about India while speaking to ET Now after a session with shareholders of Berkshire Hathaway during its 53rd annual general meeting.

by | May 13, 2017 | 06:02

It has outperformed by 9.92% the S&P500. Peel Hunt's price target suggests a potential upside of 21.81% from the company's last stock price. Other analysts also recently issued reports about the stock. Among 7 analysts covering Bank of Georgia Holdings PLC ( LON:BGEO ), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 48% are positive. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,838.00.

by | May 13, 2017 | 05:45

Nine flights were canceled, according to WSVN , which led to long lines and boiling tempers. Canceled flights due to pilot unavailability have impacted over 20,000 passengers since May 1. Passengers were livid that nine flights had been canceled, leaving 500 stuck in Ft. Videos posted to social media showed passengers screaming at each other, pushing and shoving, and clashing with law-enforcement officers at Fort Lauderdale-Hollywood International Airport.

by | May 13, 2017 | 05:33

This marks the fourth year at number one for Noah and the third for Emma. Emma is the most popular girls' name in the United States, and Noah took the top spot for boys. For boys in 2016, that name was Kylo, which rose from 3,359 in 2015 to 901 previous year. Kehlani is a singer, songwriter and dancer who has collaborated with Chance the Rapper and Zayn.

by | May 13, 2017 | 05:34

The CIA declined to comment and South Korea has issued no statement so far. Pyongyang accuses US and South Korea spy agencies of attempt to assassinate country's leader with biochemical weapons. The airport attack, blamed by the United States and Seoul on North Korean agents, has been cited by Washington in its efforts to persuade countries to minimize ties with North Korea.

by | May 13, 2017 | 05:30

Chris Brunt warns Chelsea that West Bromwich Albion will not " roll over " when the Blues attempt to win the Premier League title at the Hawthorns on Friday. It looked as if the champagne might be kept on ice for a couple more days as a frustrating game wore on until Michy Batshuayi, who has remained a peripheral figure at the club since his summer arrival from Marseille, bundled home the victor after 82 minutes.

by | May 13, 2017 | 05:15

He explained on Instagram that the corporation's first tunnel would run from Los Angeles International Airport to Culver City, Santa Monica, Westwood and Sherman Oaks. It's unclear whether Musk has received the necessary approval from the city government for this tunnel. Last month he showed off a concept video explaining how it could work, and on Friday he shared another video of a test of an actual high-speed sled moving through a tunnel.

by | May 12, 2017 | 13:32

The closer that the Republican bill to replace Obamacare gets to becoming law, the less Americans like it - even when they are Republicans. Many services provided by Medicaid today, including home health care and services for people with disabilities, are considered "optional" under the GOP health bill.

by | May 12, 2017 | 13:28

USA crude stockpiles probably fell by 2 million barrels last week, according to a Bloomberg survey before an EIA report Wednesday. Crude inventories fell 5.2 million barrels in the week to 5 May, the US Energy Information Administration said .

by | May 12, 2017 | 13:20

The 13-country OPEC is curbing its output by about 1.2 million bpd from January 1 for six months, the first reduction in eight years. The increase, OPEC said, represents the biggest increase among countries within the oil producers' group.