Economy

by | April 28, 2017 | 06:52

The Prime Minister stressed that the Government of Canada will vigorously defend the interests of the Canadian softwood lumber industry, as we have successfully done in all past lumber disputes with the US. The American side has signalled that it intends to trigger a 90-day consultation period. The customer is always right? "Rather than terminating NAFTA, which would be a pretty big shock to the system, we will renegotiate", Trump told reporters in the Oval Office on Thursday.

by | April 28, 2017 | 06:46

But despite Mr Trump's statement that his tax overhaul "really formally begins on Wednesday", White House officials quickly cautioned against high expectations that Mr Trump would provide the legislative text of a detailed tax plan this week.

by | April 28, 2017 | 06:41

Uber's set itself a goal to kickstart trials in Dallas and Dubai by 2020 and eventually start ferrying customers by 2023. The company states that it will not be manufacturing its own flying cars. Sky's the limit, they say, and Uber wants to verify whether this phrase is true. The company's flying taxis will consist of small and electric aircraft that would take off and land vertically without any trace of emissions and noise pollution in the city.

by | April 28, 2017 | 06:40

He said the Liberals are courting danger by running the same steady-as-she-goes campaign as they did in 2013. New Democrats, defending Mr. Horgan's debate aggression, have said his attacks on the Liberal Leader rallied their party base. She's signed backroom deals to allow companies to utilize temporary foreign workers instead of British Columbians in our resource industries. However the party pulled in more than 1,200 votes in 2013, more than enough to play spoiler should soft NDP or ...

by | April 28, 2017 | 06:31

MLA Somnath Bharti also echoed the minister's sentiments. Keep your phones on "recording mode", Delhi Chief Minister Arvind Kejriwal today advised the AAP's newly-elected municipal councillors and warned them against "betraying the party" by falling into the BJP's trap.

by | April 28, 2017 | 06:31

The U.S. Commerce Department said it would impose countervailing duties on Canadian softwood lumber of between 3 per cent and 24 per cent. "The prime minister and the president reaffirmed the importance of the mutually beneficial Canada-US trade relationship", Canada's readout said.

by | April 28, 2017 | 06:16

The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, May 2nd. Frontier Communications Corporation (FTR) is expected to post revenue of $2.33 Billion in the current quarter, according to consensus of 10 analysts.

by | April 28, 2017 | 06:12

Former acting attorney general Sally Yates is scheduled to appear at a congressional hearing next month on Russian interference in the 2016 USA presidential election. "The White House has refused to provide this committee with a single piece of paper", Cummings said, "and that is simply unacceptable". Chaffetz said he did not think it would be necessary to subpoena the documents, calling the administration "cooperative" so far.

by | April 28, 2017 | 06:10

US President Donald Trump called Wednesday for a dramatic cut in USA corporate taxes to boost job growth in the world's largest economy and massive reforms in the country's complex tax code that could affect millions of American taxpayers. If the plan actually increases the prosperity of the economy, "Trump will have accomplished something his tax-cutting Republican predecessors were unable to do", Max Ehrenfreund writes in the Washington Post .

by | April 28, 2017 | 06:07

In economic releases, South Korea's economy accelerated at a faster than expected pace in the first quarter on the back of strong exports and capital investment, central bank data showed. "So if the profits are left in the United States, 47.5% tax is paid compared with a tax rate of 24% in Israel, and if you enter Israel's Law for the Encouragement of Capital Investment, you can benefit of tax rate between 9% and 16%".

by | April 28, 2017 | 06:07

On Monday, the USA imposed significant new duties of up to 24 per cent on lumber imports. In recent weeks, the United States has argued that Canada protects its dairy industry to the detriment of farmers here. The Trump administration pointed out that the imports were unfairly subsidized. "Any two countries are going to have issues that will be irritants to the relationship and, quite frankly, having a good constructive working relationship allows us to work through those irritants".

by | April 28, 2017 | 05:56

Oil giant Exxon Mobil will not be allowed to resume drilling in Russian Federation after US President Donald Trump vowed to uphold sanctions. Exxon Mobil has requested a waiver from USA sanctions against Russian Federation in order to restart its joint venture with state oil company Rosneft , The Wall Street Journal has reported.

by | April 28, 2017 | 05:55

The highlight of the proposal is a reduction in federal income-tax rate to 15 percent from the current 35 percent, for corporations, small businesses and partnerships of all sizes, although the effective top rate is far less after tax breaks.

by | April 28, 2017 | 05:50

SANTA FE, N.M. (AP) - President Donald's Trumps executive order to review the designation of national monuments on federal lands could scuttle an unapproved land swap with the state of New Mexico created to generate more local income for education, the state's land commissioner said Wednesday.

by | April 28, 2017 | 05:49

That value represents a market adjusting for revenues that have been growing by 144.39 % on a quarterly year/year basis as of the company's last quarterly report. Several brokerages have recently weighed in on EXAS. Craig Hallum set a $28.00 price target on EXACT Sciences and gave the stock a "buy" rating in a research report on Monday, March 27th.

by | April 28, 2017 | 05:45

However, the White House said late Wednesday that Trump has told the leaders of Canada and Mexico that he will not pull out of NAFTA and that the leaders agreed to "proceed swiftly" to enable the renegotiation of NAFTA to the benefit of all three countries.

by | April 28, 2017 | 05:42

In another one of Trump's first actions as President, he followed through on a campaign promise to freeze hiring of federal workers. "The country wasn't based on executive orders", said Trump at a town hall in SC in February 2016. Since taking office, Trump has railed at mainstream media often but this one tweet got them all into bundled into the same one pile: "The FAKE NEWS media (@nytimes, @NBCNews, @ABC, @CBS, @CNN) is not my enemy, it is the enemy of the American People!" He ...

by | April 28, 2017 | 05:38

In March, orders for commercial aircraft rose 7 percent while demand for defense aircraft was up an even bigger 26.1 percent. Nondefense shipments, a good guide of equipment spending, rose 1.3 percent last month. Shipments of manufactured durable goods in March, up four of the last five months, increased $0.6 billion or 0.2% to $239.8 billion. February's ISM reading with the best since August 2014.

by | April 28, 2017 | 05:21

Mexico responded that it agreed on keeping NAFTA and working with Canada to come to a "successful renegotiation". In fact, Mexico is the largest buyer of US corn so it would have a negative effect on sales, market prices and farmer profitability because Mexico will look to other markets.

by | April 28, 2017 | 05:21

Horgan did a great debate, Ms. Clark did a great debate, and I was having fun, and a great debate and I think it was". "Sixteen years and your whole narrative is to be better than the B.C. Christy Clark's Liberals have mounted a largely stay-the-course campaign so far, highlighting their stewardship of Canada's top-performing economy and posting five consecutive balanced budgets.

by | April 28, 2017 | 05:09

Korea Investment CORP owned about 0.11% of Anadarko Petroleum worth $38,952,000 at the end of the most recent reporting period. LLC purchased a new position in shares of Anadarko Petroleum during the fourth quarter valued at about $106,000.

by | April 28, 2017 | 04:59

Security National Trust Co. raised its position in shares of United Parcel Service by 3.8% in the third quarter. They expect $1.3 EPS, up 2.31% or $0.03 from last year's $1.27 per share. giving the company a "hold" rating. The business's revenue was up 5.5% on a year-over-year basis. Stock is now moving with a negative distance from the 200 day simple moving average of approximately -1.26%, and has a poor year to date (YTD) performance of -5.4% which means the stock is constantly ...

by | April 28, 2017 | 04:53

Trump conceded that renegotiating NAFTA is simpler: "And so I decided (to do that) rather than terminating NAFTA, which would be a pretty big shock to the system". Sonny Perdue, who was sworn in as secretary of agriculture the day before the reports of the president's executive order hit. Reworking the agreement had been one of Trump's key campaign promises, but it's up against a clock.

by | April 28, 2017 | 04:50

Its down 0.17, from 1.61 in 2016Q3. Moreover, Creative Planning has 0.02% invested in Chipotle Mexican Grill , Inc. 66 funds opened positions while 114 raised stakes. In other news, Director Matthew H. Paull acquired 400 shares of the business's stock in a transaction that occurred on Monday, February 6th. Chipotle Mexican Grill, Inc .

by | April 28, 2017 | 04:45

Key wording now includes the bank's statement that economic risks are "tilted to the downside", meaning it is more likely the economy and inflation will grow less than expected rather than more than expected. Draghi also stated that there had been no discussion of changing its forward guidance at the meeting and he gave no ammunition to those looking for a shift at the next European Central Bank meeting.

by | April 28, 2017 | 04:39

Trump spoke with both President Peña Nieto of Mexico and Prime Minister Trudeau of Canada". After reports that Trump was planning an executive order for United States withdrawal from NAFTA, the White House issued a statement Wednesday evening saying Trump has "agreed not to terminate NAFTA at this time" and will renegotiate the trade deal instead, the CBC reports.

by | April 28, 2017 | 04:24

State Street Corp now owns 12,483,605 shares of the bank's stock worth $537,303,000 after buying an additional 982,580 shares during the last quarter. Harris Henry Simmons as Chairman, Chief Exec. Officer and Chairman of Zions First National Bank. Bancorp Inc (NASDAQ:TBBK) traded up 1.83% during mid-day trading on Monday, hitting $5.02.

by | April 28, 2017 | 04:21

Ross dismissed the idea that USA home prices would go up exclusively as a result of lumber tariffs, saying that the total cost of a home depends much more on the land than the product used to build the home. "Lumber and wood products account for over 3 per cent of Canadian worldwide goods exports, with the US tariffs applying to almost half of these", Toronto-Dominion Bank chief economist Beata Caranci, senior economist Michael Dolega and economist Dina Ignjatovic said in a report.

by | April 28, 2017 | 04:15

Late Wednesday, Trump informed Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto in a pair of phone calls that he would not pull out of NAFTA . During the 2016 campaign, he said he would seek to renegotiate NAFTA and pull out if he could not rework it to his satisfaction. The NAFTA trade pact between the US, Canada and Mexico came into force on 1 January 1994 and created one of the world's largest free trade zones by reducing or eliminating tariffs on ...

by | April 28, 2017 | 03:59

Proponents of net neutrality , such as Sen. Millions of Americans expressed support for these rules by submitting comments with the FCC leading up to the Open Internet Order. He was elevated to chair the agency by President Trump in January. FCC Chairman Ajit Pai outlined a plan on Wednesday to roll back Obama-era rules on net neutrality, saying he will ask the agency to start the rule-making process to undo the regulations next month.

by | April 28, 2017 | 03:58

SOL Capital Management CO's holdings in Nokia Oyj were worth $537,000 at the end of the most recent reporting period. The highest EPS estimate is $0.05 and the lowest is $0.03. Moreover, the stock is down -1.65% in one month through last close, to $5.37, showing a 16.23% return during the past three months. Teachers Advisors LLC raised its stake in Nokia Oyj by 3.4% in the fourth quarter.

by | April 28, 2017 | 03:47

The Dow Jones Industrial Average rose 198 points, or 1%, to 20746 in recent trading. But after Emmanuel Macron, an independent seen as pro-business and friendly to the European Union, won the most votes in Sunday's election, France's main election index hit its highest point since 2008.

by | April 28, 2017 | 03:24

Quarterly revenues are lumpy in this area but they would have been far worse if the US$7.8bn divestments by AB InBev of SAB Miller's breweries in central and Eastern Europe to Asahi had not completed on March 30. The Sioux Falls, South Dakota-based company said it had profit of $1.17 per share. Earnings per share serves as an indicator of a company's profitability.

by | April 28, 2017 | 03:19

Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). Synchrony Financial had a net margin of 15.15% and a return on equity of 16.34%. Following the sale, the insider now directly owns 169,962 shares in the company, valued at approximately $6,140,727.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .

by | April 28, 2017 | 03:18

Others said the AMOLED displays used by Samsung have taken flak for blue-leaning color rendering in the past, and that the company had incorporated a so-called deep-red technology to offset the problem. " Samsung concluded the risks and the challenging environment surrounding a change in the corporate structure would not be beneficial for enhancing shareholder value and sustaining long-term business growth", the company said in a statement .