Markets


Lufthansa seeks injunction to stop pilots' strike Lufthansa seeks injunction to stop pilots' strike
- November 29, 2016

The five-day strike by members of the Vereinigung Cockpit union has now grounded almost 2,800 flights, affecting 350,000 passengers. The union has been demanding a pay rise of an average of 3.66 percent per year, retroactive for the past five years. (more...)
Hundreds Of O'Hare Workers To Walk Off The Job Next Week
- November 29, 2016

While the workers voted on Thursday, the exact dates for the strike have not been decided by the nearly 500 workers who committed to the strike. Details of the potential strike were few, but union officials said they expect "hundreds" of workers to participate and that they expect a strike to happen "in the coming days". (more...)
British PM hints at transitional Brexit deal
- November 29, 2016

The Belgian MEP, who leads the liberal group in the European Parliament, said Brexit could not mean enjoying the benefits of EU membership while imposing curbs on migration. If May sticks to her promise of triggering article 50 by the end of March 2017, the 27 governments of the European Union can be expected to agree a mandate by late April or early May, paving the way for serious talks to begin. (more...)
Jersey pump prices not likely to soar, despite OPEC cuts, analyst says Jersey pump prices not likely to soar, despite OPEC cuts, analyst says
- November 29, 2016

There were also reports this morning that non-Opec producer Russian Federation, one of the world's largest oil exporters, will not attend the Vienna meeting after all, meaning it will not make a corresponding cut in the short term. The newly appointed energy and mines minister said the net importer was still undecided as to whether they will join in on any freeze or reduction to production, stressing the importance of a "fair deal" for all members. (more...)
O'Hare airport workers to announce strike date today
- November 29, 2016

Late last week more than 500 airport baggage handlers, cabin cleaners, janitors and wheelchair attendants announced their intent to strike in the coming days. The agency said it's ready for the additional 55,000 passengers a day over the Thanksgiving holiday, but, they still recommend arriving two hours early for domestic flights. (more...)
Uber drivers to join protest for $15 minimum wage Uber drivers to join protest for $15 minimum wage
- November 29, 2016

Drivers in more than a dozen cites plan to participate in a national day of protest organized by the labor movement Fight for $15, according to a spokeswoman for the group. The protests come as President-elect Donald Trump prepares to take office, and protest organizers say workers also will be sending a message that they will oppose efforts by the new administration to block wage increases, gut workers' rights or healthcare, deport immigrants, or support racism or racist policies. (more...)
US Bank robbed Monday; Police release surveillance photos US Bank robbed Monday; Police release surveillance photos
- November 29, 2016

A homeless man was arrested Sunday and now faces charges in at least three bank robberies over the past year. He then displayed a weapon and demanded money, troopers said. A man was arrested while police believed he was trying to escape a bank robbery on a mini-bike on Saturday morning. Anyone with information that could help police is encouraged to contact the Hampton Police Division at 757-727-6111 or the Crime Line at 1-888-LOCK-U-UP. (more...)
Lufthansa cancels 1700 more flights as pilots resume strike Lufthansa cancels 1700 more flights as pilots resume strike
- November 29, 2016

A walkout that started last Wednesday over a long-running pay dispute is scheduled to resume on November 29 and 30, following failed talks on Sunday between Lufthansa and the German pilots union Vereinigung Cockpit (VC). "We have to talk", said Bettina Volkens, Lufthansa's board member in charge of human resources. "This can not be forced via strikes". Lufthansa has said the dissents cause in regards to 10 million euros in harms on days when both mainland and whole deal flights are ... (more...)
Heavy rain expected this week
- November 29, 2016

Temperatures will be on the warm side for this time of year, middle 50s to lower 60s. These amounts will help to alleviate the drought conditions somewhat across the region, but they are not enough to totally recover from the 18-month old drought. (more...)
Trump reportedly 'furious' Kellyanne Conway went rogue and publicly bashed Romney Trump reportedly 'furious' Kellyanne Conway went rogue and publicly bashed Romney
- November 29, 2016

Referring to the new president-elect as a "fraud", Romney accused Trump of using his multiple bankruptcies to hurt small business owners and their workers, while stating, "A business genius he is not". Mitt Romney as secretary of state. Conway and others have pointed to the vicious personal attacks Romney lobbed at Trump throughout the campaign as being different and more severe than many other #NeverTrump Republicans fired off. (more...)
Trump ally: Romney a 'self-serving egomaniac' Trump ally: Romney a 'self-serving egomaniac'
- November 29, 2016

Newt Gingrich , Mike Huckabee and Kellyanne Conway have publicly lobbied against Romney, who Trump met with earlier this month. Some of the other top contenders for secretary of state are former New York City mayor Rudy Giuliani , former United Nations ambassador John Bolton, Tennessee Senator Bob Corker and retired general David Petraus. (more...)
Qatar Airways adds Las Vegas to list of 11 USA destinations Qatar Airways adds Las Vegas to list of 11 USA destinations
- November 29, 2016

We continuously strive to make travel easier and the adoption of an industry-leading "pay wallet" solution is a natural progression for us in providing our passengers with the simplest methods to book their next Qatar Airways journey. The Gulf airline's chief executive, Akbar Al Baker, recently said that it hoped to begin flying the route in May, depending on aircraft availability. (more...)
Latest Target Cyber Monday Deals 2016
- November 29, 2016

Total sales were expected to top $3.3 billion, an increase of 9.4 percent from past year. The company measures 80 percent of all online transactions from the top 100 US retailers and uses a predictive model powered by Adobe Sensei predictive software to calculate the sales made and dollars spent per hour. (more...)
What Wall Street is saying about The Home Depot, Inc. (NYSE:HD) What Wall Street is saying about The Home Depot, Inc. (NYSE:HD)
- November 29, 2016

HD's value Change from Open was at -0.07% with a Gap of 0.34%. Frontier Wealth Management LLC purchased a new stake in Office Depot during the second quarter valued at $113,000. The Return on Equity (ROE) value stands at 18.1%. The business's revenue for the quarter was up 6.6% compared to the same quarter previous year. While looking at the Stock's Performance, Office Depot, Inc. (more...)
Pilot strike prompts Lufthansa to scrap 1700 more flights Pilot strike prompts Lufthansa to scrap 1700 more flights
- November 29, 2016

While Tuesday's walkout will only affect short-haul flights from Germany, Wednesday will see some long-haul services also affected. Several Lufthansa flights to and from Sofia were also cancelled. Lufthansa is lurching towards paralysis in the grip of a pilots' strike that is grounding more than one in four of its flights. It is part of a pay dispute that has festered for more than two years. (more...)
US economy grew at 3.2 percent in third quarter US economy grew at 3.2 percent in third quarter
- November 29, 2016

The data showed spending on durable goods rose 2.8 per cent over the second quarter, 0.7 points more than previously estimated. "That comes on the heels of a 4.3 per cent jump in the second quarter, painting a picture of a healthy and confident USA consumer, supported by continued gains in the labour market", Leslie Preston, senior economist at TD Bank, said in a note to clients. (more...)
London backs plans to build second-tallest tower in western Europe
- November 29, 2016

Officially named 1 Undershaft, in reference to the site's address, the 73-storey building will replace the Aviva Tower which is due to be demolished. Dubbed The Trellis after its distinctive crossbrace-patterned facades, the 90,000-square-metre tower was commissioned by Singapore property developers Aroland Holdings and first unveiled late past year. (more...)
Hefty overdraft fees under scrutiny as watchdog reviews payday loan cap Hefty overdraft fees under scrutiny as watchdog reviews payday loan cap
- November 29, 2016

Other forms of high-cost credit are thought to be just as damaging, including the likes of catalogue credit, pawnbroking, logbook loans and some rent-to-own arrangements. "The cost and design of these products can trap people in cycles of repeat borrowing which deepens their financial difficulties", said Mike O'Connor, chief executive of StepChange Debt Charity. (more...)
United States crowds pick up slightly on Black Friday, online sales jump
- November 29, 2016

People are scrambling to the stores for Black Friday deals, but many are holding out for Cyber Monday . But it includes online spending and other nonstore sales such as catalog spending. Around 137 million people plan to or are considering doing their shopping during the Thanksgiving weekend, according to a survey conducted for the National Retail Federation. (more...)
Gold edges lower, market focus turns to Opec Gold edges lower, market focus turns to Opec
- November 29, 2016

The most active gold contract for December delivery rose 12.4 USA dollars, or 1.05 percent, to settle at 1,190.80 dollars per ounce. Gold is sensitive to moves in USA rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar in which it is priced. (more...)

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