Markets
Trump Says Obstruction Investigation Based On 'Phony' News
- June 16, 2017
Director of National Intelligence Dan Coats, National Security Agency Director Adm. Mike Rogers and Rogers' former deputy Richard Ledgett agreed to be interviewed as part of Mueller's investigation, according to five people "briefed on the requests" who were "not authorized to discuss the matter publicly", the paper reports. (more...)
- June 16, 2017
Director of National Intelligence Dan Coats, National Security Agency Director Adm. Mike Rogers and Rogers' former deputy Richard Ledgett agreed to be interviewed as part of Mueller's investigation, according to five people "briefed on the requests" who were "not authorized to discuss the matter publicly", the paper reports. (more...)
Rape victim sues Uber, claiming it wrongly obtained her medical records
- June 15, 2017
The lawsuit , filed in a California federal court, came as Uber Chief Executive Travis Kalanick announced a leave of absence this week. Alexander was sacked just as the company announced that it had fired 20 employees over the last few months for harassment, discrimination and inappropriate behaviour. (more...)
- June 15, 2017
The lawsuit , filed in a California federal court, came as Uber Chief Executive Travis Kalanick announced a leave of absence this week. Alexander was sacked just as the company announced that it had fired 20 employees over the last few months for harassment, discrimination and inappropriate behaviour. (more...)
Dow Hits New Intraday High; Tech Stocks Recover
- June 15, 2017
Investors seemingly shrugged off the testimony of Attorney General Jeff Sessions - chock-full of denials about Russian ties - and bank stocks and bond yields enjoyed a lift ahead of tomorrow's conclusion of the Fed's June meeting, with Janet Yellen & Company widely expected to announce a rate hike . (more...)
- June 15, 2017
Investors seemingly shrugged off the testimony of Attorney General Jeff Sessions - chock-full of denials about Russian ties - and bank stocks and bond yields enjoyed a lift ahead of tomorrow's conclusion of the Fed's June meeting, with Janet Yellen & Company widely expected to announce a rate hike . (more...)
UK Parliament opening date set, suggesting Tory deal reached
- June 15, 2017
He predicts this will mean Parliament will now have a greater say over upcoming negotiations with Brussels to agree on a Brexit deal since Mrs May triggered Article 50, the mechanism to leave the European Union in the 2007 Lisbon Treaty, last March. (more...)
- June 15, 2017
He predicts this will mean Parliament will now have a greater say over upcoming negotiations with Brussels to agree on a Brexit deal since Mrs May triggered Article 50, the mechanism to leave the European Union in the 2007 Lisbon Treaty, last March. (more...)
U.S. consumer prices slipped 0.1 percent in May
- June 15, 2017
The CPI measure of inflation reached 2.9 per cent in May, hitting its highest level since June 2013. Consumer prices edged down 0.1 per cent last month following a small 0.2 per cent increase in April, the Labor Department reported Wednesday. (more...)
- June 15, 2017
The CPI measure of inflation reached 2.9 per cent in May, hitting its highest level since June 2013. Consumer prices edged down 0.1 per cent last month following a small 0.2 per cent increase in April, the Labor Department reported Wednesday. (more...)
Nestle may sell USA confectionery business
- June 15, 2017
Category leaders included The Hershey Co. The review's scope includes iconic US brands like Butterfinger , Baby Ruth, Raisinettes, and SweeTarts , LaffyTaffy , and Nerds and the worldwide Crunch brand. "The possible disposal of the USA business is not everything we had hoped for, but might be the start of something bigger". The review would also comprise the worldwide rights for the Crunch chocolate brand, but won't incorporate Nestle's Toll House baking products, which the Big ... (more...)
- June 15, 2017
Category leaders included The Hershey Co. The review's scope includes iconic US brands like Butterfinger , Baby Ruth, Raisinettes, and SweeTarts , LaffyTaffy , and Nerds and the worldwide Crunch brand. "The possible disposal of the USA business is not everything we had hoped for, but might be the start of something bigger". The review would also comprise the worldwide rights for the Crunch chocolate brand, but won't incorporate Nestle's Toll House baking products, which the Big ... (more...)
US factory output fell 0.4 pct. in May as car sales slump
- June 15, 2017
Analysts had expected factory output to rise a modest 0.1 percent. That's the biggest monthly gain since May 2010. Manufacturing output fell 0.4% in May after a revised 1.1% increase in April. Output in the mining sector is still 10% below its December 2014 peak. Utilities output also rose by 0.4% in May following a 0.7% increase in the previous month. (more...)
- June 15, 2017
Analysts had expected factory output to rise a modest 0.1 percent. That's the biggest monthly gain since May 2010. Manufacturing output fell 0.4% in May after a revised 1.1% increase in April. Output in the mining sector is still 10% below its December 2014 peak. Utilities output also rose by 0.4% in May following a 0.7% increase in the previous month. (more...)
House passes bill to undo Dodd-Frank financial rules
- June 15, 2017
It would also create a new bankruptcy code chapter to handle the failure of large, complicated financial institutions . Early indications are that the Senate version may leave much of the Volcker rule intact while helping lift some of the regulations said to be hampering small- and medium-sized banks from lending. (more...)
- June 15, 2017
It would also create a new bankruptcy code chapter to handle the failure of large, complicated financial institutions . Early indications are that the Senate version may leave much of the Volcker rule intact while helping lift some of the regulations said to be hampering small- and medium-sized banks from lending. (more...)
Brighton panhandler who refused job offer (and son) arrested for vagrancy
- June 15, 2017
Paulson of Howell, a dealership manager. The sign said, "Please do not give anything to this panhandler. We offered him a full time job at $10.00/HR", the sign reads. According to locals, the panhandler has been targeting the area for the past two years. "You feel bad for them and stuff, but then it's day after day, week after week". (more...)
- June 15, 2017
Paulson of Howell, a dealership manager. The sign said, "Please do not give anything to this panhandler. We offered him a full time job at $10.00/HR", the sign reads. According to locals, the panhandler has been targeting the area for the past two years. "You feel bad for them and stuff, but then it's day after day, week after week". (more...)
Greece to get 'more clarity' about debt deal
- June 15, 2017
Debt relief talk has been a hard sell in Germany , the biggest contributor to the Greek bailouts, which faces elections in September and does not want to anger its bailout-weary voters with discussions of relief for Athens . But some euro zone scenarios show that with sufficiently high economic growth and fiscal discipline - a primary surplus above 3 percent of GDP for 20 years - Greece would not need any extra debt relief. (more...)
- June 15, 2017
Debt relief talk has been a hard sell in Germany , the biggest contributor to the Greek bailouts, which faces elections in September and does not want to anger its bailout-weary voters with discussions of relief for Athens . But some euro zone scenarios show that with sufficiently high economic growth and fiscal discipline - a primary surplus above 3 percent of GDP for 20 years - Greece would not need any extra debt relief. (more...)
TDP MP creates ruckus at airport, damages property
- June 15, 2017
Diwakar reached Vishakapatnam airport late to catch an Indigo flight to Hyderabad and the Boarding Pass counter was closed. In the month of April, Trinamool Congress MP Dola Sen got engaged herself in quarreling with a staff member of the Air India over the issue of seating. (more...)
- June 15, 2017
Diwakar reached Vishakapatnam airport late to catch an Indigo flight to Hyderabad and the Boarding Pass counter was closed. In the month of April, Trinamool Congress MP Dola Sen got engaged herself in quarreling with a staff member of the Air India over the issue of seating. (more...)
Global shares fall on Fed rate hike, United Kingdom rate outlook
- June 15, 2017
The Fed noted that the jobless rate is at a 16-year low , the job market is growing and inflation is low . Two more policymakers at the Bank of England (BoE) joined existing rate rise advocate Kristin Forbes in calling for a reversal to the Bank's cut to interest rates last August, sending the pound as high as $1.2795 in the minutes following the Bank's decision, which left rates unchanged. (more...)
- June 15, 2017
The Fed noted that the jobless rate is at a 16-year low , the job market is growing and inflation is low . Two more policymakers at the Bank of England (BoE) joined existing rate rise advocate Kristin Forbes in calling for a reversal to the Bank's cut to interest rates last August, sending the pound as high as $1.2795 in the minutes following the Bank's decision, which left rates unchanged. (more...)
UK's Hammond pulls out of Mansion House speech after London fire
- June 15, 2017
Mr Hammond announced on Thursday that in light of the tragedy he had withdrawn and that his thoughts are with the families affected by the blaze. It followed an announcement by Prime Minister Theresa May that there will be a full public inquiry into what caused the fire which has so far claimed 17 lives. (more...)
- June 15, 2017
Mr Hammond announced on Thursday that in light of the tragedy he had withdrawn and that his thoughts are with the families affected by the blaze. It followed an announcement by Prime Minister Theresa May that there will be a full public inquiry into what caused the fire which has so far claimed 17 lives. (more...)
Gold, silver futures settle higher after Fed raises interest rate
- June 15, 2017
The U.S. technology index was down 0.8 percent, leading a broad decline in the S&P 500 , pulled down by heavyweights including Apple Inc and Alphabet Inc after bearish research comments. Also on Wednesday, a prominent Republican was among those shot by a gunman said to be angry with Trump. Scalise was listed in critical condition. Economic data this week have shown inflation rising to almost 3%, average wages falling and retail sales declining. (more...)
- June 15, 2017
The U.S. technology index was down 0.8 percent, leading a broad decline in the S&P 500 , pulled down by heavyweights including Apple Inc and Alphabet Inc after bearish research comments. Also on Wednesday, a prominent Republican was among those shot by a gunman said to be angry with Trump. Scalise was listed in critical condition. Economic data this week have shown inflation rising to almost 3%, average wages falling and retail sales declining. (more...)
Trump announces Air Traffic Control Reform Initiative
- June 15, 2017
Critics of the plan have also questioned the White House's assertion that the plan will make passengers safer, pointing to the airlines' history of computer system failures and the risk that goes along with adopting a complex new satellite system . (more...)
- June 15, 2017
Critics of the plan have also questioned the White House's assertion that the plan will make passengers safer, pointing to the airlines' history of computer system failures and the risk that goes along with adopting a complex new satellite system . (more...)
Kroger posts 2nd straight same-store sales declines as revenues fall
- June 15, 2017
June 15 USA supermarket operator Kroger Co's on Thursday reported a 56.5 percent decline in quarterly profit, hurt by costs related to pension plans and as it offered voluntary retirement to some employees. The company now expects fiscal 2017 earnings per share in the range of $2.00-$2.05 per share, down from the earlier estimate of $2.21-$2.25. Kroger continues to envision identical supermarket sales (excluding fuel) in the range of flat to up 1% in fiscal 2017. (more...)
- June 15, 2017
June 15 USA supermarket operator Kroger Co's on Thursday reported a 56.5 percent decline in quarterly profit, hurt by costs related to pension plans and as it offered voluntary retirement to some employees. The company now expects fiscal 2017 earnings per share in the range of $2.00-$2.05 per share, down from the earlier estimate of $2.21-$2.25. Kroger continues to envision identical supermarket sales (excluding fuel) in the range of flat to up 1% in fiscal 2017. (more...)
The Tony Awards needed more Bette Midler, less head-scratching
- June 15, 2017
If other award ceremonies have featured a never-ending stream of jokes about President Donald Trump , Sunday's Tony Awards , hosted by double Oscar victor Kevin Spacey , were more politically restrained. A number of stars took thinly veiled jabs at the Trump administration during the Tony Awards June 11. The night belonged to Dear Evan Hansen , which has made stars not only of Platt, who was previously best known for appearing in the Pitch Perfect films (2012 and 2015), but also ... (more...)
- June 15, 2017
If other award ceremonies have featured a never-ending stream of jokes about President Donald Trump , Sunday's Tony Awards , hosted by double Oscar victor Kevin Spacey , were more politically restrained. A number of stars took thinly veiled jabs at the Trump administration during the Tony Awards June 11. The night belonged to Dear Evan Hansen , which has made stars not only of Platt, who was previously best known for appearing in the Pitch Perfect films (2012 and 2015), but also ... (more...)
Firefighters yet to fully search burnt London tower block: fire brigade chief
- June 15, 2017
Singer Adele was among people who gathered on Wednesday night close to a London tower block that was destroyed in a catastrophic fire, according to posts on social media. Volunteers in the city of Glasgow - 550 kilometers (350 miles) away - sent a truck laden with nappies and other supplies. A woman speaking to Sky News said, "Most Muslims now observing Ramazan will normally not go to bed until about 2:00am maybe 2:30 am ... (more...)
- June 15, 2017
Singer Adele was among people who gathered on Wednesday night close to a London tower block that was destroyed in a catastrophic fire, according to posts on social media. Volunteers in the city of Glasgow - 550 kilometers (350 miles) away - sent a truck laden with nappies and other supplies. A woman speaking to Sky News said, "Most Muslims now observing Ramazan will normally not go to bed until about 2:00am maybe 2:30 am ... (more...)
Sen. Reed Weighs In On Comey Testimony
- June 15, 2017
He said he began writing memos after his meetings with Mr Trump because he was "honestly anxious he might lie". During the news conference on Friday, ABC News' Jonathan Karl asked Trump to clarify his response to Comey's testimony . When I hear the Flynn comments, you and I both know my father a long time. While Comey said Trump had lied about him, Trump didn't use that exact terminology in return on Friday. (more...)
- June 15, 2017
He said he began writing memos after his meetings with Mr Trump because he was "honestly anxious he might lie". During the news conference on Friday, ABC News' Jonathan Karl asked Trump to clarify his response to Comey's testimony . When I hear the Flynn comments, you and I both know my father a long time. While Comey said Trump had lied about him, Trump didn't use that exact terminology in return on Friday. (more...)
Judge: Redo part of analysis for Dakota Access pipeline
- June 15, 2017
U.S. District Judge James Boasberg in Washington said the Army Corps did not adequately consider the effects of a possible oil spill on the fishing and hunting rights of the Standing Rock Sioux tribe . The Corps may be able to persuade the judge to allow Dakota Access to keep operating during the period of further environmental review, Clearview Energy Partners LLC analysts led by Christine Tezak said in a note to clients Wednesday. (more...)
- June 15, 2017
U.S. District Judge James Boasberg in Washington said the Army Corps did not adequately consider the effects of a possible oil spill on the fishing and hunting rights of the Standing Rock Sioux tribe . The Corps may be able to persuade the judge to allow Dakota Access to keep operating during the period of further environmental review, Clearview Energy Partners LLC analysts led by Christine Tezak said in a note to clients Wednesday. (more...)
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European Central Bank lowers deposit rate to minus 0.5 percent