Economy

by | May 15, 2017 | 20:56

The drama between hard disk maker Western Digital (WDC), and its flash memory-chip partner Toshiba ( 6502JP ), took a new turn today as Western announced it has requested arbitration by the International Court of Arbitration to block Toshiba from auctioning off Toshiba's half of the joint venture between the two, stating that it is resorting to legal means after exhausting other options to reach an understanding with Toshiba .

by | May 15, 2017 | 19:36

But worries over the potential bursting of price bubbles in China's biggest cities have led to a flurry of government cooling measures in recent months as buyer demand appeared to be more resilient than expected. " China seems to have returned to an investment-driven growth strategy". In a briefing after the data release, an NBS spokesman said the nation had already met 63.4 percent of this year's targeted cuts for steel and 46 percent of coal cuts.

by | May 15, 2017 | 20:19

British Chancellor of the Exchequer Philip Hammond delivers a speech on Plenary Session of High-Level Dialogue, at the Belt and Road Forum in Beijing May 14 , 2017. He said his government will provide aid worth 60 billion yuan ($8.7 billion) to developing countries and worldwide organizations. "We will not interfere in other countries' internal affairs", he said.

by | May 15, 2017 | 19:58

The FCC banned telecom and cable companies from discussing mergers for nearly year while it was auctioning off wireless spectrum. SoftBank Chairman Masayoshi Son and Deutsche Telekom Chief Executive Officer Tim Hoettges separately told investors this week they'd be open to discussions about consolidation.

by | May 15, 2017 | 19:13

Cockpit doors were fortified and secured following the 9/11 hijackings . In an emailed statement to NBC Los Angeles , King said the cockpit door access information was "inadvertently made public" - it did not say how - and she insisted that it was not a breach of security.

by | May 15, 2017 | 19:12

Organizations around the world have spent the weekend trying to recover after being hit by a virus that seeks to seize control of computers until victims pay a ransom. Ben Yaakov said that "at this point there is no information indicating that terrorist organizations were behind the attack, but we need to take into account that they can also use ransomware to obtain funds for their activities".

by | May 15, 2017 | 19:27

Morales now has seven homers this season, six of which have either tied the game or given Toronto the lead. His mom, Wendy, dad Mike and wife Amanda were all at Rogers Centre. The game appeared to be going in extra innings until Pillar's heroics in the ninth. They have gone 14-10 since starting 2-11 and have hit 19 home runs in their past 12 games.

by | May 15, 2017 | 17:21

Soil collapsed over a 20-foot square section of a tunnel housing contaminated material at Hanford - a former nuclear weapons production site in the south-central part of the state, about 45 miles from Yakima. New Jersey Rep. Frank Pallone said the incident underscores the need for the department to take all necessary precautions to ensure the safety and security of workers.

by | May 15, 2017 | 16:41

Then he used that speed to snatch the race away with a last-lap pass of Busch. McMurray finished second, with Busch in third, Almirola finished in fourth, with Kasey Kahne in fifth. "We had good pit stops". Harvick, Ryan Blaney , Truex Jr. and Jimmie Johnson rounded out the top five in the stage. Stenhouse started the race from the pole, and was able to lead the field early in Sunday's race.

by | May 15, 2017 | 15:12

Mattis and Yildirim meet for about 30 minutes before the start of an global conference in London on security threats and humanitarian crises in Somalia. "It's Europe's southern border, and we'll stay closely connected", Mattis told reporters during a visit to Lithuania. His comments came a day after Sean Spicer , the White House press secretary, said that the United States wants to reassure the people and government of Turkey that it is committed to preventing additional security risks ...

by | May 15, 2017 | 14:45

During remarks Thursday, Trump said the order would prevent religious groups from being singled out for their political views. This executive order may go down in history as the Citizens United of church/state separation in the context of political spending.

by | May 15, 2017 | 14:16

Bligh says the banks have been given only until midday Monday to make submissions to Treasury about the new tax. "Recent bad press about the big banks means the levy is likely to enjoy bi-partisan political support in Australia, but the design features will be many: ascertaining which liabilities are in scope, territorial issues, quarterly reporting obligations, competition issues vis-à-vis other financial institutions, and importantly, who actually bears the burden of the tax", he said.

by | May 15, 2017 | 13:59

Overnight, crude futures settled higher on Wednesday, as investors cheered the latest report from the Energy Information Administration (EIA), showing USA crude inventories fell more than expected. Investing.com offers an extensive set of professional tools for the financial markets. Signs that oil-producing Iraq and Algeria were joining Saudi Arabia backing an extension to supply cuts also supported the price.

by | May 15, 2017 | 15:30

It is pertinent to mention here that new Sri Lankan President Sirisena has put several Chinese projects on hold temporarily. "We see you as a seamless part of our continuum". The Prime Minister will also be visiting the hilly regions of Sri Lanka that host tea plantations. This is his second visit to the Indian Ocean island nation as Prime Minister after his visit in March 2015.

by | May 15, 2017 | 14:21

Finally, US Bancorp DE increased its position in shares of Vista Outdoor by 2.2% in the third quarter. (VSTO) is 1.14. The Average Volume (3 months) is 1.31 Million. VSTO has been the subject of several analyst reports. Jefferies Group LLC restated a "buy" rating and issued a $30.00 price objective on shares of Vista Outdoor in a research note on Friday, February 10th.

by | May 15, 2017 | 13:54

Describing the visit as historic, Mr al-Jubeir said President Trump's visit to Saudi Arabia would include a bilateral summit, a meeting with Arab Gulf leaders and another with leaders of Arab and Muslim countries. From Saudi Arabia, Mr Trump will travel to Israel - leaving open the possibility of an additional stop in the West Bank. Trump has provided no concrete details on how he will revive long-stalled peace talks, but has asked Israel to limit its building of Jewish settlements on land ...

by | May 15, 2017 | 14:37

Castleark Management Llc increased Abiomed Inc (ABMD) stake by 12.42% reported in 2016Q4 SEC filing. Cincinnati Casualty Company acquired 5,350 shares as Lyondellbasell (LYB)'s stock rose 6.11%. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Monday, June 27 report. On Thursday, October 8 the stock rating was maintained by Credit Suisse with "Neutral".

by | May 15, 2017 | 14:20

The maximum sentence for blasphemy in Muslim-majority Indonesia is five years in prison. The trial against Ahok was encouraged by Islamist radicals, led by the Islamic Defenders Front organisation, who were against a non-Muslim being in charge of Jakarta , and which organised mass protests against him in October and November.

by | May 15, 2017 | 13:37

Philippe's age would reinforce the generational shift in France's corridors of power and the image of youthful vigor that Macron is cultivating. White House spokesman Sean Spicer said Monday that Trump had spoken with Macron. Emmanuel macron on Sunday, may 14, took office as President of France. Newly-elected French President Emmanuel Macron on Sunday urged his nation to "rise to the moment" and meet the domestic and external challenges in today's world, which he said needed a strong ...

by | May 15, 2017 | 13:29

Chinese President Xi Jinping on Sunday said the Belt and Road Initiative is "a project of the century" that will benefit people across the world . "The Silk Road spirit has become a great heritage of human civilisation". In addition, Xi pledged about additional $14 billion for the construction of the Belt and Road project, of which CPEC is the chief component. Some of the projects could be in development for years, Reuters reported.

by | May 15, 2017 | 13:40

Yesterday, leaked images pointed towards Microsoft launching its answer to the Chromebook Pixel laptop series that's been revered by education-centered audiences. With that one, you can choose from burgundy, cobalt blue, graphite gold, or platinum, but in all the others, the sole color option is platinum. Surface Laptop is an Intel processor based clam-shell, with a 13.5-inch high-resolution PixelSense touch screen and physical keyboard.

by | May 15, 2017 | 12:54

Honore de Balzac once said, "The heart of a mother is a deep abyss at the bottom of which you will always find forgiveness". Your mom just wants her day to feel special, she knows you have no money and she knows you love her. While your mother might like animals, she spent a large part of her life cleaning up after you . For those wanting and waiting for a child who has yet to come: "I know the plans I have for you ", declares the LORD, "plans to prosper you and not to ...

by | May 15, 2017 | 12:14

The G-7 includes Canada, France, Germany, Japan, Italy, the United States and U.K., with representatives of the European Union also attending. The US is adamantly challenging the status quo in worldwide trade, and as a result, the most recent G7 meeting produced an indecisive communique, indicating the rising degree of uncertainty, possibly bearing the seeds of trade wars and greater currency manipulations in the global struggle for competitiveness.

by | May 15, 2017 | 12:19

Vodafone now holds a 40% indirect interest in Safaricom through a wholly-owned subsidiary, Vodafone Kenya Ltd ("VKL"). "Acquiring a strategic stake in Safaricom will provide our shareholders with access to a high growth, high margin, high cash generation business operating in a high growth market".

by | May 15, 2017 | 12:03

The ransomware was created to repeatedly contact an unregistered domain listed in its code. That move, which cost just $10.69, redirected the attacks to the server of Kryptos Logic, the security company where he works. Fortune reported Thursday that the price of bitcoin was at an all-time high. It is believed to be the biggest online extortion recorded. Sixteen National Health Service organizations in the United Kingdom were hit, and some of thosehospitals canceled outpatient appointments ...

by | May 15, 2017 | 13:25

North Korea warned the USA that "its mainland and Pacific operation region are in range for strike and that it has all powerful means for retaliatory strike". Some former American officials have been considering the possibility of North Korea and the United States returning to serious negotiations for the first time since 2012.

by | May 15, 2017 | 13:37

The new Silk Road project is central to president Xi's ambition to place China as a champion of globalisation in contrast to the "America First" protectionist approach advocated by USA president Donald Trump. On the second and concluding day of the conference, the global leaders are discussing policy and roadmap regarding 'One Belt-One Road Initiative. Several other European leaders, including the prime ministers of Spain, Italy, Greece and Hungary, are also attending the summit.

by | May 15, 2017 | 13:26

Pivetta gave up three homers to the Nationals on May 5 in a loss at home in his second start at the major league level. PHILLIES KEY TRENDS: The Phillies have lost eight of their last nine games but are 6-1 in Hellickson's last seven starts overall.

by | May 15, 2017 | 12:23

Coach will pay $18.50 per share of Kate Spade & Company. Here's what they had to say. Kate Spade's stock rose more than 8 percent as of midafternoon trading Monday, while Coach's rose just less than 5 percent. The acquisition would add to earnings from fiscal 2018, and lead to "double-digit accretion" by the following year, Coach said . " Coach's extensive experience in opening and operating specialty retail stores globally, and brand building in worldwide markets, can unlock Kate ...

by | May 15, 2017 | 11:46

In another tweet , Musk said the roof can be ordered for "almost any country". After a Hollywood reveal, Tesla is ready to bring its solar roofs to Main Street - or perhaps just to some exclusive suburban communities, depending on the price.

by | May 15, 2017 | 12:12

The U.S. will also authorize Chinese imports of cooked chicken into the country by mid-July. U.S. Commerce Secretary Wilbur Ross sits for an interview in his office in Washington , U.S. U.S. Trade Representative Robert Lighthizer, confirmed May 11, said in his Senate hearing in March he recognized the importance of digital trade provisions.

by | May 15, 2017 | 12:10

Tribune's portfolio would help expand Sinclair's already vast network of 173 stations in 81 USA markets and marks the largest acquisition for the Baltimore-based company. Sinclair Broadcast Group will acquire 100 percent of Tribune Media Company for $3.9 billion, plus the assumption of $2.7 billion in net debt, according to a press release from Tribune.

by | May 15, 2017 | 11:09

USA crude oil inventories fell 5.8 million barrels last week, above analysts' expectations for a 1.8 million barrel decline, according to industry group the American Petroleum Institute. WTI crude oil prices dropped to the level of $43.76 per barrel, the level not seen since mid-November 2016, on resurgence of bearish factors that seems to have hindered the Opec's efforts to support world oil markets.

by | May 15, 2017 | 09:55

Brent was 70 cents higher at $50.92 a barrel by 0945 GMT. OPEC boosted estimates for growth in rival supplies by 64 percent as the USA oil industry's recovery accelerates, threatening the group's attempts to clear a surplus. Despite an overall drop in OPEC crude production in April, Saudi Arabia's output increased, according to a monthly report from the cartel out Thursday.

by | May 15, 2017 | 10:41

With a fifth of Germans - 13.1 million - eligible to vote in North Rhine-Westphalia, an election in the western state is always closely watched. SPD leader Martin Schulz admitted that the loss in his home state marked a "difficult day for the SPD" and for him personally, but urged supporters to battle on.