Business

Business Paint giants squabble in merger battle as takeover bid rises
Author: 0 Paint giants squabble in merger battle as takeover bid rises

AkzoNobel has chosen not to comment on the latest offer but says that under Dutch regulations it will carefully review and consider the proposal. PPG called the new proposal " one last invitation " for Akzo's board to engage in talks. Shareholders want created value through increasing dividends and share price. He said PPG believed the deal would add to its earnings from the first year and given the support from Akzo shareholders, the US firm would submit a formal offer to the Dutch ...

Business Alibaba's Ma champions UN e-commerce drive for development
Author: 0 Alibaba's Ma champions UN e-commerce drive for development

In this way, machines won't replace humans entirely, but will work as a "human partner". He explained how he tried early on to warn against how tech would disrupt traditional trailers, but he was largely ignored, according to several published reports .

Business United Airlines Crisis: dragged passenger to talk about incident
Author: 0 United Airlines Crisis: dragged passenger to talk about incident

Observers say a lawsuit is very likely to cost the airline millions, and predicted UA CEO Munoz will have to step down as a result of the airline's mishandling of the situation. "We are not going to put a law enforcement official onto a plane to take them off ... to remove a booked, paid, seated passenger; we can't do that".

Business O'Reilly Ousted at Fox News
Author: 0 O'Reilly Ousted at Fox News

Despite the inglorious end to Bill O'Reilly's two-decade Fox News Channel career, observers say his deep imprint on Fox and other cable news outlets and his influence on barbed political discourse are intact for the foreseeable future. O'Reilly received a reported $25 million upon his exit. According to the report , the five women who received settlements either worked for O'Reilly or appeared as guests on his show.

Business United execs get dragged to testify on Capitol Hill
Author: 0 United execs get dragged to testify on Capitol Hill

His lawyers said he plans to sue the airline. After the market closed on Monday, United reported a 96 million dollar (£74 million) first-quarter profit, down 69% from a year earlier largely because of higher costs for fuel, labour and maintenance.

Business United Airlines CEO Oscar Munoz won't be promoted to chairman
Author: 0 United Airlines CEO Oscar Munoz won't be promoted to chairman

The company's first response, attributed to Munoz, did not go over well. The carrier also revealed it would link executive bonuses in part to demonstrable progress towards improvements in customer experience. The incident before a flight from San Francisco to Dallas came two weeks after airport police in Chicago dragged a passenger off a plane after he refused to give up his seat to make room for an airline employee.

Business Straight Path Shares Jump as It Announces Unsolicited Offer 'Superior' to AT&T's
Author: 0 Straight Path Shares Jump as It Announces Unsolicited Offer 'Superior' to AT&T's

Straight Path , which holds a large trove of 28 GHz and 39 GHz millimeter wave spectrum used in mobile communications, would give a new owner an advantage in 5G development. Straight Path said in a statement that it was obliged to consider the unsolicited offer as "superior". If the deal falls through, Straight Path would have to pay AT&T a termination fee of up to $38 million - which Straight Path says the new bidder has offered to pay to AT&T , on Straight Path's behalf, if ...

Author: 0 Trump condemns anti-Semitism on Israel's Holocaust Remembrance Day

Visitors listen to a guide during a tour the Yad Vashem Holocaust Memorial in Jerusalem , Sunday, April 23, 2017. On Monday morning, the Israeli government will participate in a wreath-laying ceremony at Yad Vashem where names of Holocaust victims will be recited and a two-minute siren will be heard throughout Israel.

Author: 0 European Union divided on Britain's election announcement

Theresa May fired the starting pistol on the Conservatives' election campaign by travelling more than 200 miles from Westminster to Greater Manchester to ask voters for a mandate to lead post-Brexit Britain. Opposition Labour leader Jeremy Corbyn insisted Thursday that he could still win Britain's snap June general election despite dire poll ratings, pitching himself as an anti-establishment candidate fighting for change.

Author: 0 International Monetary Fund revises up India growth forecast for FY17 to 6.8 per cent

He says commodity prices have "firmed" since early a year ago, but at a relatively low level. As for the first quarter of the year, every walk of life performed well, the MOEA said. The IMF does not foresee the Brexit vote particularly hurting the United Kingdom, however. "With persistent structural problems-such as low productivity growth and high-income inequality pressures for inward-looking policies are increasing in advanced economies", says the report that was released on Tuesday, at ...

Business FCC Chair to Discuss Net Neutrality Strategy Wednesday
Author: 0 FCC Chair to Discuss Net Neutrality Strategy Wednesday

Pai is expected to outline his proposal in an afternoon speech at the Newseum in Washington, and could formally deliver the plan to his fellow commissioners later this week. "Americans rely on the internet to succeed in school, apply for jobs, and start their own businesses - and they rely on the FCC to be the cop on the beat to ensure that access remains fair, open and reliable".

Author: 0 Lockheed Martin's sales miss estimates, shares drop

Over the past five trading sessions shares of Lockheed Martin Corporation (NYSE:LMT) are 2.35%; 2.49% for the month; 8.01% for the last quarter; 20.79% for the past six-months; and 25.15% for the last 12 months. The firm earned "Sector Perform" rating on Thursday, May 19 by RBC Capital Markets. Wall Street analysts forecast that Lockheed Martin Co. Sales rose to $11.1 billion from $10.4 billion, just below the FactSet consensus of $11.2 billion.

Business Uber expects flying taxis to take off in 2020
Author: 0 Uber expects flying taxis to take off in 2020

This isn't going to be easy". Uber, along with most companies in the space, aren't releasing the flying cars you saw in "Back to the Future". Kicking off the event Tuesday morning, Holden outlined a future where a rider will open the Uber app and choose "UberAIR".

Business Ohio Gov. John Kasich on
Author: 0 Ohio Gov. John Kasich on "Two Paths", 2016 race and unity

Kasich, who fought bitterly with Trump for the Republican presidential nomination past year, has been a vocal critic of the real estate mogul since before he was elected. It's important for Trump to act like a "good father" for the country, like he is in his personal life, Kasich said, and he does believe the president is feeling his responsibilities and should be given a chance to succeed.

Business We won't drag passenger off plane anymore: United Airlines CEO
Author: 0 We won't drag passenger off plane anymore: United Airlines CEO

Dao's graphic removal was recorded and immediately went viral on social media. Mr Munoz said the company would no longer use law enforcement officers to remove passengers from overbooked flights. 'That is not who our family at United is, ' he said . United was trying to find seats for four employees, meaning four passengers had to deplane. In his most contrite apology yet, Oscar Munoz said no one should be mistreated that way.

Author: 0 Trump administration to issue new Syria sanctions

Earlier in April, Lavrov stated Moscow was using its relations with Damascus to encourage the Syrian government to fully cooperate with the OPCW, which announced in January 2016 that it had destroyed Syria's chemical weapons arsenal in accordance with an agreement reached after the 2013 Ghouta attack.

Business The Answer to Why Donald Trump Keeps Sean Spicer Around:
Author: 0 The Answer to Why Donald Trump Keeps Sean Spicer Around: "Great Ratings"

Yet the location at the White House perplexed lawmakers who have grown accustomed to such briefings taking place in a secure location on Capitol Hill, where there is more room to handle such a large group. Earlier in the day , President Trump discussed the situation in a phone conference with China's President Xi Jinping and Japanese Prime Minister Shinzo Abe.

Business Energy boss hits out over Conservative price cap plans
Author: 0 Energy boss hits out over Conservative price cap plans

The boss of British Gas owner Centrica has said some people at the heart of the Conservative government "don't believe in free markets". UBS lowered its stance on the British Gas owner from "buy" to "neutral" today, and trimmed its price target on the shares from 255p to 215p.

Business Long term Growth Analysis of Barrick Gold Corporation (NYSE:ABX)
Author: 0 Long term Growth Analysis of Barrick Gold Corporation (NYSE:ABX)

Acadian Asset Management LLC boosted its position in Barrick Gold Corp by 0.9% in the third quarter. Analysts' mean recommendation for Barrick Gold Corporation (ABX) stands at 2.40. Barrick Gold Corp had a positive return on equity of 6.81% and a negative net margin of 28.22%. The company reported an impressive total revenue of 8.56 Billion in the last fiscal year.

Business Netflix Lands A Licensing Deal In China
Author: 0 Netflix Lands A Licensing Deal In China

The pact is a licensing deal with multiple shows, a Netflix spokeswoman said in an email. But it's understood that the service soon will make some Netflix originals available via iQiyi day-and-date with the rest of the world. Protectionism by Chinese regulators has prevented Netflix and Amazon from entering the market, with Netflix chief executive Reed Hasting conceding that a full launch in China is unlikely on an earnings call a year ago.

Author: 0 Canada, Ontario face hard choice as Toronto home bubble builds

The B.C. government implemented a 15-per-cent tax on property purchases in Metro Vancouver by buyers who aren't citizens or permanent residents. "What we're aiming to do is to bring in some initiatives that will help people in that whole continuum of housing right from rental through to purchasing a home without having unintended consequences, " she said in Ottawa.

Author: 0 Are Traders Stacks up now on CytRx Corporation (CYTR)

To measure price-variation, we found FOE's volatility during a week at 2.33% and during a month it has been found around 2.48%. The company's market cap is $73.97 Million, and the average volume is 1.65 Million. CYTR's value Change from Open was at 27.69% with a Gap of 6.56%. Looking out over the past year, company shares have been recorded -75.71% off the 52 week high and 146.97% away from the low over the same period.

Author: 0 Nasdaq breaches 6000 mark for first time ever

McDonald's shares jumped 4.4% during the session after it revealed a 4% jump in global same-store sales as the company continues to make progress in its turnaround efforts led by CEO Steve Easterbrook. Biogen was one of the biggest risers on the Nasdaq, up 5%, as its quarterly profits and revenues beat expectations. Lockheed Martin lost 2.6 per cent after reporting that first-quarter profit fell 15 per cent to United States dollars 763 in results that lagged analyst expectations.

Author: 0 Former RCB owner Mallya arrested in the UK

He was presented in Westminster Magistrates Court, which released him on bail. India had earlier asked Britain to deport Mallya, who has defaulted on about $1.4 billion owed by his now defunct Kingfisher Airlines, and his diplomatic passport has been revoked.

Business US President to Help Farmers in Dairy Fight with Canada
Author: 0 US President to Help Farmers in Dairy Fight with Canada

Canada changed its policy on pricing domestic milk to cover more dairy ingredients, leading to lower prices for Canadian products including ultra-filtered milk that compete with US milk. Relations with the U.S. are crucial for Canada, since more than 75 percent of its exports go to the U.S. Eighteen percent of U.S. exports go to Canada.

Author: 0 No One Is Getting Fired Over Passenger Dragging Incident, Says United CEO

While he asserted that he took full responsibility "for making this right ", he said that his organisation will review and update their policy on overbooked flights by the end of April. Dao was one of four passengers removed from the sold-out flight to make room for airline crew members. In the wake of the incident, Munoz said he has reached out to members of the Chinese consulate in Chicago.

Author: 0 Facebook Is Going All-In on Augmented Reality

Facebook CEO Mark Zuckerberg opened the keynote explaining how the camera on the smartphone is the first mainstream augmented reality platform. He said the nature of work would also change: "In the future, I think that more of us are going to contribute to culture and society in ways that are not measured by economics or traditional GDP".

Business Marissa Mayer will get $186M golden parachute from Yahoo
Author: 0 Marissa Mayer will get $186M golden parachute from Yahoo

Marissa Mayer is expected to depart Yahoo following the closing of Verizon's $4.5 billion takeover in June - but she's going to cash out big time, as she now owns stock worth more than $200 million. Yahoo was not immediately available for comment. Once the sale goes through Mayer will leave the company. In a March Tumblr post, Mayer said she had "expressed my desire that my bonus be redistributed to our company's hardworking employees, who contributed so much to Yahoo's success in 2016".

Author: 0 Student assessment changes approved by House Education Committee

The phase-in is supported by authors of the original House bill and the N.C. Association of School Administrators, the release says. The deal announced Monday night-rolled out as an amendment to a bipartisan-backed House Bill 13 , includes a gradual phasing-in of smaller class sizes, with districts required to reduce maximum class sizes to 23 students in 2017-2018 and to 21 students in 2018-2019.

Business Trump pushes for corporate tax reduction
Author: 0 Trump pushes for corporate tax reduction

Sen. But if changes to the tax code add to the deficit, they would expire after 10 years, adding uncertainty for businesses and possibly hurting economic growth. On Monday , administration officials signaled that the president might be satisfied with additional funding for border security, not earmarked for the construction of the border wall.

Author: 0 United Airlines to testify at hearing after violent video surfaces

However, United President Scott Kirby told reporters during a conference call yesterday that it was now too early to tell if the company's business in China would be hurt by the incident. While the CEO of the airline called Dao " disruptive and belligerent ", the company's shares fell by 6.3% - which was a whopping $1.4-billion in real money.

Business Banks boost FTSE as French election ignites risk-on rally
Author: 0 Banks boost FTSE as French election ignites risk-on rally

Delomez, of the Socialist Party, has been in office since 2008, and is livid that 38 percent of his region voted on Sunday for the National Front candidate who has a hard stance against Islam and refugees. The defeated far-left candidate, Jean-Luc Melenchon, pointedly refused to back Macron, and Le Pen's National Front is hoping to do the once unthinkable and peel away voters historically opposed to a party long tainted by racism and anti-Semitism.

Business US sub arrives in South Korea amid nuclear test fears
Author: 0 US sub arrives in South Korea amid nuclear test fears

North Korea defiantly said in a state media commentary marking the 85th anniversary of the foundation of the Korean People's Army that its military was prepared "to bring to closure the history of US scheming and nuclear blackmail". The Times, known for its nationalist editorials, warned the North Korean regime of unprecedented sanctions imposed by the United Nations and of attacks by Washington on its military and nuclear facilities, which would force "the Pyongyang regime (.) to make a ...

Author: 0 Theresa May: The election result is not certain despite polls

Some opinion polls have put Labour more than 20 points behind the Conservatives. Parliament is expected to be dissolved on May 3, as British law mandates the dissolution must happen 25 working days before a general election. "Now we will be much freer". When asked what their plan is for Brexit, Labour quite simply have no answers for the British people, only soundbites that may roll off the tongue easily but don't give real answers to the real issues on Brexit that people care about.

Author: 0 Wall Street 'Charging Bull' Sculptor: Remove 'Fearless Girl' Statue

Where others see an inspiring note for women and girls , Arturo Di Modica sees "an advertising trick " that is violating his legal rights . USA Today Di Modica as saying , "The bull represents strength, the strength of America, the strength of the market".

Business Lawyer for United Airlines passenger signals law suit
Author: 0 Lawyer for United Airlines passenger signals law suit

A video made by a passenger and shown on Facebook shows a woman crying while holding a child. As CBS reported , the video shows a passenger confronting the attendant, saying "Hey, bud?" The crew member then points his finger and challenges the passenger to hit him and the man eventually returns to his seat.

Author: 0 Delhi MCD election result 2017, counting date is April 26

The MCD Election results are scheduled to be out on April 26, 2017. AS AAP leaders met at party chief Arvind Kejriwal's official residence Monday morning, a sullen apprehension continued to prevail. "What is state election commission (SEC) doing?" the Aam Aadmi Party convenor had tweeted. As many as 71,39,994 votes were polled in a contest that had the BJP, the Congress and the AAP engaged in a fierce battle.

Business Freeport hit by Indonesia export ban, permit talks to start
Author: 0 Freeport hit by Indonesia export ban, permit talks to start

Earnings per share serves as an indicator of a company's profitability. Investors will be eagerly watching to see if the firm beats or misses on the earnings front. The stock's 50 day moving average is $12.84 and its 200 day moving average is $13.54. Nuance Communications Inc. (NASDAQ:NUAN) was trading -6.19% below its 52-week high and +30.73% above its 52-week low.

Business Caterpillar Inc. (CAT) Stake Maintained by Howland Capital Management LLC
Author: 0 Caterpillar Inc. (CAT) Stake Maintained by Howland Capital Management LLC

The fact that CAT's share price has been sideways even as sales continue to improve shouldn't be too much of a surprise, given the market's forward looking nature. Analysts on average had expected first-quarter earnings of 62 cents per share on revenue $9.27 billion. If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, CAT earned gross profit of 14.47 Billion, in 2015 13.47 Billion gross profit, ...

Author: 0 One Stock Analysts Are Watching - RLJ Lodging Trust (NYSE:RLJ)

The stock's 50 day moving average is 22.93 and its 200 day moving average is 22.80. According to Zacks , analysts expect that RLJ Lodging Trust will report full year sales of $263.2 million for the current financial year, with estimates ranging from $1.1 billion to $1.12 billion.

Business North Korea stages massive weapons drill to mark special occasion
Author: 0 North Korea stages massive weapons drill to mark special occasion

The vessel will take part in joint naval drills with the South's forces to "demonstrate Seoul and Washington's strong determination to punish North Korean provocations", the South Korean Navy said in a statement. "People put blindfolds on for decades and now it's time to solve the problem". Trump on Monday urged the UN Security Council to consider stronger sanctions against Pyongyang, and U.S.

Author: 0 England Announce Champions Trophy Squad; Steven Finn Left Out

Middlesex pace bowler Steven Finn made the squad for the Ireland games, but is not included for the Champions Trophy which takes place in England and Wales in June. While the squad for the Champions Trophy is the one that will take on South Africa, the ODIs against Ireland will feature Steven Finn and Ben Duckett too.

Business PPG Industries sweetens offer for AkzoNobel
Author: 0 PPG Industries sweetens offer for AkzoNobel

Akzo Nobel also responded by announcing plans last week to hive off its speciality chemicals business, in a move that would see 1.6bn returned to shareholders. The deal is comprised of cash of €61.50 and 0.357 shares of PPG common stock, values Akzo Nobel at $28.8 billion, PPG said, including the assumption of net debt and minority interests.

Business Police 'arrest' goats on the lam
Author: 0 Police 'arrest' goats on the lam

The goats that were on the loose in Belfast on Sunday have been reunited with their owner. - Police officers found a pair of pygmy goats wandering around the streets of Belfast, Maine , according to a pair of Facebook posts shared by the Belfast Police Department.

Business Can urges City to do 'stupid' Liverpool a favour against United
Author: 0 Can urges City to do 'stupid' Liverpool a favour against United

We had the chances. "It was stupid from us", midfielder Can said. Again it was a set piece. "We are very happy obviously". All the set pieces in training we had done very well but again we concede a goal after a set piece. "As long as there is a chance to qualify for the Champions League, we have to believe in it", Wijnaldum told the official Liverpool website. "That is why I accepted the challenge with Palace, and we need to be the best we can as a team to succeed".

Author: 0 Officer: Man removed from United flight with 'minimal' force

In an incident reported released by city authorities and posted on the Chicago Tribune's website, aviation police officer Mauricio Rodriguez said Dao had become combative when he and two other officers tried to persuade him to leave the plane.

Author: 0 Hansa Trust PLC (HAN) to Issue GBX 8 Dividend

The Firm is engaged in the research, development and commercialization of pharmaceutical products. It now has negative earnings. The Company's divisions include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.