Markets


United Airlines CEO answers lawmakers on passenger dragging incident United Airlines CEO answers lawmakers on passenger dragging incident
- April 27, 2017

The carrier's report highlighted 10 changes, including increasing its cash enticement to US$10,000, effective tomorrow, to get customers to voluntarily give up their seats on overbooked flights. Dr David Dao, 69, was filmed being forcibly removed from an overbooked USA domestic flight on 9 April after refusing to give up his seat. The review released Thursday details those changes, which includes additional employee training on how to deal with hard situations. (more...)
DuPont offers downbeat outlook for current quarter DuPont offers downbeat outlook for current quarter
- April 27, 2017

It opened the session with a $63.98 price tag, later ranging from $63.81 to $64.91, the range at which the stock has traded at throughout the day. Jefferies Group LLC upgraded Dow Chemical from a "hold" rating to a "buy" rating and upped their price target for the stock from $65.00 to $75.00 in a research note on Monday, March 6th. (more...)
Airbus Q1 profit slides on weak pricing, higher costs Airbus Q1 profit slides on weak pricing, higher costs
- April 27, 2017

Deurloo said that Pratt will triple production of the fan blades after opening two new assembly facilities this year. The world's second-largest planemaker after Boeing said adjusted operating profit fell to 240 million euros ($261.7 million) as revenues rose 7 percent to 12.988 billion. (more...)
US unemployment claims tick up but remain at low level US unemployment claims tick up but remain at low level
- April 27, 2017

Meanwhile, initial jobless claims are used as a real-time proxy for the pace of layoffs since people usually file for benefits soon after they lose their jobs. The four-week moving average of claims, considered a better measure of labour market trends as it irons out week-to-week volatility, fell 500 to 242,250 last week, the lowest level since February. (more...)
Uber unveils plans for flying auto network by 2020
- April 27, 2017

Taxi-hailing app Uber has announced plans to introduce a flying taxi service in just three year's time. In February, the company said it hired NASA aircraft engineer Mark Moore to work on Uber Elevate , its flying vehicle initiative. (more...)
Trump tax plan is heavy on cuts but light on details
- April 27, 2017

Brady added on CNBC that he wants tax reform to be permanent because doing so would create more economic growth. The plan would cut the tax rate for businesses to 15 percent and according to the White House , small- and medium-sized businesses would be eligible for that rate. (more...)
Trudeau warns of "thickening" border between Canada and US
- April 27, 2017

TORONTO (AP) - Prime Minister Justin Trudeau warned Tuesday that Canada and the USA could suffer a "thickening" border as the Trump administration imposes new tariffs on softwood lumber and trade tensions between the two countries escalate. (more...)
Kathleen Wynne's Housing Plan Will Create Slums and Won't Solve Affordability Issues
- April 27, 2017

Once legislation passes, it will be effective retroactively to April 21. Among more than a dozen measures in the government's housing affordability plan will be some kind of clampdown on domestic housing speculators - though they will not face a 15 per cent tax. (more...)
Traders Purchase High Volume of Put Options on American Airlines Group (AAL) Traders Purchase High Volume of Put Options on American Airlines Group (AAL)
- April 27, 2017

Edge Wealth Management Llc acquired 10,000 shares as American Airlines Group Inc (AAL)'s stock rose 23.85%. Following U.S. election volatility some analysts have updated their recommended target prices on shares of American Airlines Group , Inc. (more...)
Trump tweets don't help: 1st Twitter revenue drop since IPO
- April 27, 2017

Analysts say Twitter's user engagement - how often people respond, retweet or "like", for instance - likely benefited from "political discourse" in the first quarter. The company, also seemingly allergic to altering its product, has also made some changes in recent months to trim down the complex nature of Twitter . (more...)
Mexico wall demands eased as spending talks advance Mexico wall demands eased as spending talks advance
- April 27, 2017

On Monday, US media reported that President Donald Trump may halt the construction of the wall until October to avoid a government shutdown. And a White House official told CNN's Jim Acosta that Trump still expected money for the wall to be included in the spending bill this week. (more...)
German soldier arrested on suspicion of planning attack German soldier arrested on suspicion of planning attack
- April 27, 2017

Investigators believe the lieutenant was motivated by a " xenophobic background " to plan an attack, possibly on migrants and refugees. Prosecutors weren't immediately available by telephone but planned a news conference later in the day. Shortly afterwards in January of a year ago, the officer, whose name has been withheld, applied for asylum in Bavaria and was allocated a room at a local refugee facility. (more...)
Controversial Coulter Speech at UC Berkeley Canceled Controversial Coulter Speech at UC Berkeley Canceled
- April 27, 2017

The Times reports that late Tuesday, Young America's Foundation, the conservative group helping Coulter in her legal efforts to force Berkeley to host her, backed out. Police and university officials said they were bracing for possible trouble whether Coulter comes to campus or not, citing intelligence and online chatter by groups threatening to instigate violence. (more...)
What You Should Know About Trump's Tax Reform Plan
- April 27, 2017

Mnuchin added, "We are determined to move this as fast as possible, to get this done this year". We haven't achieved growth of 3 percent or higher since 2005 . But the Trump administration's early embrace of the BAT landed them in political hot water. Why? Private corporations like ExxonMobil will benefit the most from corporate tax cuts. (more...)
Asia stocks firm as markets mull Trump's tax plan
- April 27, 2017

Mr Mnuchin declined to comment on how the president would benefit from his proposals. Small and medium-size businesses will be eligible for the business rate as well, Mnuchin added. He and other administration officials left the room as reporters shouted questions about how the plan would affect the Trump family. Ron Wyden of OR, the top Democrat on the Senate Finance Committee. (more...)
Shareholders angry over fake accounts disrupt Wells Fargo meeting Shareholders angry over fake accounts disrupt Wells Fargo meeting
- April 27, 2017

Stockholder Proposal 7: The Board of Directors should study whether Wells Fargo should divest its non-core businesses, effectively breaking up the bank. Even so five members, including the chairman, received only tepid support from investors . A person familiar with board discussions said some of those retirements are likely to happen sooner. (more...)
Amtrak to release details on Penn Station repairs, delays Amtrak to release details on Penn Station repairs, delays
- April 27, 2017

The news follows Amtrak's acknowledgment earlier this month that track disrepair played a role in two recent train derailments at the station. "Fix it, fix it", he said, addressing Amtrak . Midtown Direct trains were forced to be diverted to Hoboken. Commuters traveling in and out of Penn Station have likely been experiencing delays on a more regular basis prior to the Thursday announcement. (more...)
Homeland Security formally opening immigrant crime office Homeland Security formally opening immigrant crime office
- April 27, 2017

A number of victims and their families were on hand for the announcement. "All crime is awful, but these victims are unique - and too often ignored", John F. Frank Sharry, executive director of the immigrant-rights group America's Voice Education Fund, said in a statement Wednesday that creating the office is "disgusting and unsafe". (more...)
Trump tax plan could be good news for many, bad for deficit
- April 27, 2017

President Donald Trump's administration announced a tax plan today that eliminates many popular deductions, including the deduction for Washington state sales tax . However, he added that rich individuals would not be able to use the lower business rate as a loophole. "Right now we have a 35 per cent corporate rate on worldwide income in deferral". (more...)
Key provisions of proposed GOP health care compromise
- April 27, 2017

Among the 10 categories of benefits are hospital and outpatient care; pregnancy, childbirth and newborn care; mental health and substance abuse treatment; prescription drugs; lab tests; kids' vision and dental care, and rehabilitative care. (more...)