Business

Author: 0 USA growth hits three-year low at start of 2017

Weakness in Q1 of 2017 centered on much slower consumer spending. "The responses to the recent consumer confidence surveys have reflected that there's a pretty general level of comfort on that front", he said . The bank previously forecast inflation to peak at 2.8% in the first half of next year and for GDP to grow by 1.6% in 2018. Most experts believe the economy is picking up.

Author: 0 Chinese-Made Passenger Jet Takes Off For Its First Test Flight

A recent Boeing forecast said that China will need 6,810 new aircraft in the next 20 years at an estimated cost of United States dollars one trillion. It was built by state-owned Commercial Aircraft Corp. of China or Comac. French-US supplier CFM International has provided technology for the aircraft's engines.

Author: 0 USA crude oil slides below US$45 for first time since November

Brent crude, the global oil benchmark, rose 0.3% to $48.52 a barrel on London's ICE Futures exchange. Crude prices stabilized around $50-$55 a barrel over the past five months, but have recently been on a downward trend, losing 7 percent two weeks ago.

Business Democrats seek to protect watchdog as GOP tackles Dodd-Frank
Author: 0 Democrats seek to protect watchdog as GOP tackles Dodd-Frank

A House panel on Thursday is expected to approve a GOP-pushed bill that would repeal about 40 provisions of the Dodd-Frank Act. Democrats argued the bill would allow banks to make risky investments like those that triggered the 2008 economic crisis, in which taxpayers were required to rescue some of the country's largest financial institutions.

Business Centrist Macron surges, but don't dismiss Le Pen
Author: 0 Centrist Macron surges, but don't dismiss Le Pen

US stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election. For all the paeans to Macron's unifying vision in divided times, it is now up to French voters to decide whether to entrust him with this nuclear-armed nation in the May 7 presidential runoff.

Author: 0 Medical Properties Trust Inc. (MPW) Plummeted -0.84% in the last trading session

Currently, the market capitalization of Medical Properties Trust Inc. The Meritage Portfolio Management holds 332,160 shares with $4.09 million value, up from 251,460 last quarter. The dividend will be payable on June 29, 2017 to shareholders of record on June 14, 2017. Moreover, Oxbow Limited Liability Co has 0.75% invested in Medical Properties Trust, Inc.

Business Busy stretch of I-55 reopens south of St. Louis
Author: 0 Busy stretch of I-55 reopens south of St. Louis

Residents of the levee-protected part of Valley Park, Missouri, are to return home Friday. The stretch of the MS was expected to remain closed through the weekend, he said. Meanwhile, the Missouri Department of Transportation is working overtime with more than 230 roads still closed across the state, as of press time Wednesday.

Author: 0 Crude Futures Settle Nearly 5% Lower; Gains From OPEC-Led Deal Erased

Oil prices rebounded in European trading on Friday after suffering sharp falls overnight, with Brent climbing back above $48 per barrel. USA crude prices plunged more than 3% in a matter of minutes on Friday morning in Asia, taking the price of a barrel below $45 for the first time since a landmark OPEC deal in November to slash production.

Author: 0 Tony Blair won't endorse Jeremy Corbyn as next PM

Instead, Labour will focus on trying to keep the benefits of the single market and customs union - two things May has indicated she's prepared to give up. It also marked out MPs who are powerful advocates of a close partnership with the EU27 and plans to help defend them in the upcoming election as part of a cross-party campaign to stop what Blair termed "Brexit at any cost".

Author: 0 China's first large passenger jet takes to sky

With a standard range of 4,075 km, the narrow-body jet is comparable with updated Airbus 320 and Boeing's new generation 737 planes. The C919 has been beset by delays: It was expected to first fly in 2014 and be delivered to buyers in 2016.

Business Trump signs executive order to promote religious liberty
Author: 0 Trump signs executive order to promote religious liberty

The executive order on promoting free speech and religious liberty declares that it is the policy of the Trump administration to protect and vigorously promote religious liberty. "We intend to file suit today". Nancy Northup, president and CEO of the Center for Reproductive Rights (CRR) weighed in as well, saying the executive order "discriminates against women and robs them of essential preventive care".

Author: 0 Delta Apologizes for Kicking Family Off Flight

He was told he would have to give up his son's seat. One employee is also heard warning Brian Schear he is committing a "federal offence" and he could be put in jail and his kids placed in foster care. "He can not be in a seat at all", the staffer says in the video. "He can't occupy a seat because he's two years or younger". "He won't sleep unless he's in his auto seat".

Business Trump signs order to ease ban on political activity by churches
Author: 0 Trump signs order to ease ban on political activity by churches

The amendment bans tax-exempt organizations like churches and other religious institutions from political speech and activities. "Among its many faults", the FFRF lawsuit states, Trump's order "requires the IRS to selectively and preferentially discontinue enforcement of the electioneering restrictions of the tax code against churches and religious organizations, while applying a more vigorous enforcement standard to secular nonprofits".

Author: 0 Warren Buffett Explains Why He Dumped A Third Of His IBM Stock

Buffett and Berkshire's board oppose all three shareholder measures this year. However, the company's revenue rose from past year. Ms. Rometty has been working to offset waning older businesses with younger ones like cloud computing, where Amazon.com Inc.'s Amazon Web Services dominates, and artificial intelligence, a stronghold of Alphabet Inc.'s Google division.

Author: 0 Oil trades near five-month lows at $47 per barrel

West Texas Intermediate ( WTI ) or USA crude was hovering around $45 a barrel on the Global market. "This was later clarified by the Russian energy minister who said the Opec cuts deal should be extended, a little late in the day it has to be said, though probably nothing to do with the fact that prices closed at their worst levels in five months, maybe".

Author: 0 China's First Civilian Airliner - And Industry Ambitions - Take Maiden Flight

The 158-seater C919 took to the skies from Shanghai Pudong International Airport and made China the fourth jumbo jet producer after the US, Europe and Russian Federation. "It is important for the Chinese government to show that its industrial processes are on par with the West or are heading in that direction", he said.

Author: 0 Fed holds USA rates steady, maintains gradual hike option

Almost eight years after the recession ended, the unemployment rate is a low 4.5 percent. US interest rates look like rising next month after the US Federal Reserve left then unchanged at this week's two day meeting, but made it clear it saw the sluggishness in US economic activity in the first quarter as "transitory".

Author: 0 Fed holds interest rates steady, dismisses first quarter slump as 'transitory'

While acknowledging that the pace of growth in the US economy was slower than expected during the first quarter, Fed officials remained bullish on the country's economic prospects. Earlier this month, the Fed's influential vice chair, Stanley Fischer, said he still expects the central bank to raise rates a total of three times this year.

Author: 0 Alphabet Shares Hit New All-Time High on Strong Earnings

Last quarter, Google's "other revenues" grew more than 60 percent year-over-year and hit $3.4 billion in quarterly revenue. Its paid clicks meanwhile grew 44 percent year-over-year in the first quarter. "We are evolving overall to a better place", Pichai said. Alphabet chief financial officer Ruth Porat claimed that the fast-rising advertising revenues enabled Google to channel investment into other activities, especially cloud and hardware.

Author: 0 HONG KONG (CNNMoney) - The oil market's May meltdown is getting worse

Crude prices recovered 2 percent Friday, but remained below $50 as investors took a short-term buying position to benefit from Thursday's slump. Meanwhile, an S&P Global Platts survey released Friday, showed that crude output from the 10 OPEC members who agreed to cut production was unchanged in April at 31.85 million barrels a day, compared with a month earlier.

Business Portland, Oregon to demand controversial Uber software tool
Author: 0 Portland, Oregon to demand controversial Uber software tool

Uber has shared some information with the city but has not turned over the Greyball software itself. Uber and the Justice Department have declined to comment. In an April 21 letter, lawyers for Uber admitted to using Grayball to mask its UberX drivers for two weeks in December 2014, prior to receiving permission to operate there.

Business UK economic slowdown in first quarter 'worse than expected'
Author: 0 UK economic slowdown in first quarter 'worse than expected'

Meanwhile, a reading on core consumer prices, which exclude food and energy prices, showed that the pace of price growth accelerated to 2.0% in the first quarter from 1.3% in the fourth quarter. Those gains were partly offset by a decline in private inventories, which shaved 0.93 percentage points from the overall growth rate. The Federal Reserve, the United States central bank, has previously signalled that it does not read too much into "noisy" quarterly GDP figures and the data is ...

Business Fed Keeps Rate As-is Amid Economic Optimism
Author: 0 Fed Keeps Rate As-is Amid Economic Optimism

The FOMC raised the federal funds interest rate in March from 0.75 to 1 percent. Oil prices fell for the fourth day in a row on Thursday, nearing their lowest level since late March after data showed a lower than expected decline in US inventories.

Business North Korea ready to fire 'at any time'
Author: 0 North Korea ready to fire 'at any time'

At the same time, the nuclear aircraft carrier USS Carl Vinson, complete with its strike group of guided missile destroyers and cruiser, is headed toward waters off the Korean Peninsula. Adding to the tensions, North Korea detained a USA citizen on Saturday, bringing the number of Americans being held there to three. The carrier group was sent to the region as a warning to North Korea and a show of solidarity with US allies.

Business Emails leaked in 'massive hacking attack' on French presidential campaign
Author: 0 Emails leaked in 'massive hacking attack' on French presidential campaign

The candidates must stop campaigning at midnight Friday to give voters a day of reflection before the election. " The En Marche movement has been a victim of a massive and coordinated hacking attack leading to the spreading this evening on social media of internal information of a diverse nature (emails, documents, contracts )", the statement said .

Business WRAPUP 2-Fed holds interest rates steady, downplays economic weakness
Author: 0 WRAPUP 2-Fed holds interest rates steady, downplays economic weakness

Since the Federal Reserve upped its benchmark interest rates by a notch in mid-March, the skies have grown a shade darker for the world's largest economy. The statement prompted speculations the United States central bank will raise interest rates next month, but some analysts suggested that is far from a foregone conclusion, even though the markets have already priced it in.

Author: 0 Is US steering clear of South China Sea under Trump?

On the occasion of ASEAN's 50th anniversary this year, Geng said China will support important consensus in building the ASEAN community, maintaining centrality in regional cooperation, and playing a bigger role in worldwide and regional affairs.

Author: 0 Insurance dampens Berkshire results before annual meeting

Citing Buffett, CNBC added that he owned around 81 million shares of IBM at the end of 2016, but sold a third in the first and second quarters of this year . Having gone over a year since a big acquisition, Buffett may be asked how he can better deploy the $US86.4 billion of cash, equivalents and Treasury bills that Berkshire recently held.

Business China's 1st big passenger jet completes maiden flight
Author: 0 China's 1st big passenger jet completes maiden flight

The narrow-body C919 jet - white with green and blue stripes - soared over Pudong worldwide airport in the commercial hub Shanghai as a crowd of thousands cheered. Isaac Stone Fish, a journalist and a senior fellow at the Asia Society, said China considers the C919 a sign of its growing role in the global economy.

Author: 0 SpaceX launches first government satellite, lands booster

SpaceX , which is based in Hawthorne and whose full name is Space Exploration Technologies Corp., was certified two years ago to launch national security satellites. "Tough call, as high altitude wind shear was at 98.6% of the theoretical load limit". The satellite was launched to enhance the spying capabilities. After splitting from its payload, the rocket landed back to Earth at Cape Canaveral Air Force Station.

Business Congress puts airlines on notice about customer service
Author: 0 Congress puts airlines on notice about customer service

Lawmakers lambasted executives from United Airlines and other carriers Tuesday as the first of two congressional hearings began into the high-profile incident of police dragging a man off a flight last month. American, Southwest and Alaska Airlines all are there too. Regarding the incident, Kerry Philipovitch, American airline senior vice president of customer experience, said: "Clearly what happened was wrong".

Author: 0 U.S. needs to balance foreign alliances: Rex Tillerson

Trump also slashed USA funding to United Nations foreign programs and signalled plans to drastically scale back the power of the United States Agency for International Development, which sends aid to foreign countries in times of crisis.

Business US economy likely slowed last quarter, but rebound expected
Author: 0 US economy likely slowed last quarter, but rebound expected

That was the poorest showing in more than seven years. The figure should add a measure of reality to the administration's calculations and to punditry celebrating supposedly high confidence. The last time the performance was that weak was during the first three months of 2014. The administration's goal of boosting GDP growth to 3 percent is a long way off, the new data show.

Author: 0 Flybe Group PLC (FLYB) Given "Buy" Rating at HSBC Holdings plc

This would imply the analyst believes there is a potential downside of -11 .3% from the opening price of 267.2 GBX. Shares of Chesnara Plc ( LON:CSN ) traded down 0.13% during mid-day trading on Friday, reaching GBX 379.75. Deutsche Bank maintained J Sainsbury plc (LON:SBRY) on Wednesday, August 26 with "Hold" rating. Its up 0.14% from 638,500 shares previously. Credit Suisse maintained the stock with "Neutral" rating in Tuesday, October 25 report.

Author: 0 Puerto Rico files for bankruptcy

States can't file for bankruptcy , and investors bought the bonds assured that it wasn't a legal option for Puerto Rico either. The control board said the move to restructure a portion of the debt in court will help Puerto Rico gain access to the capital markets after credit rating agencies downgraded the island's debt to junk status in recent years.

Author: 0 Berkshire Hathaway Inc. (BRK.B) Downgraded by Zacks Investment Research to Sell

Berkshire's share price has slightly lagged the Standard Poor's 500 including dividends during the eight-year bull market, but has outperformed since the global financial crisis mushroomed in September 2008. Having gone over a year since a big acquisition, Buffett may be asked how he can better deploy the $US86.4 billion of cash, equivalents and Treasury bills that Berkshire recently held.

Author: 0 China's first homemade passenger plane makes maiden flight

State media said the plane flew at an altitude of around 3,000 metres (9,800 feet), some 7,000 metres lower than a regular trip, and at a speed of more than 300 kilometres (186 miles) per hour. The plane also relies on an array of overseas technology, with CFM International, a joint venture between General Electric's aerospace arm and a unit of French firm Safran supplying the engines.

Author: 0 Marine Le Pen predicts French presidential win as campaign closes

En Marche! said the documents only showed the normal functioning of a presidential campaign, but that authentic documents had been mixed on social media with fake ones to sow "doubt and misinformation". Even if she loses, she is likely to be a powerful opposition figure in French politics in the coming parliamentary election campaign and beyond. It's a "major political force that has replaced the old parties", she said.

Business How Technical Charts Are Flashing For Sprint Corporation (S), VWR CORP (VWR)
Author: 0 How Technical Charts Are Flashing For Sprint Corporation (S), VWR CORP (VWR)

VWR CORP (NASDAQ: VWR ) shares have been recently spotted -8.27% away from the 52-week high, and 39.93% away from the 52-week low mark. The 20 day simple moving average is 20.97% and the 200 day simple moving average is 22.84%. now owns 2,527,517 shares of the medical research company's stock valued at $71,680,000 after buying an additional 71,430 shares during the last quarter.

Author: 0 Buffett cuts stake in IBM and shares slide

The stock price of IBM declined more than 2% to $154.80 per share around 1:33 in the afternoon in NY. After a run of three straight annual declines, IBM's shares gained about 21 per cent in 2016 but are still more than 25 per cent lower than the company's 10-year peak in 2013.

Author: 0 Justice Department opens criminal probe into Uber

The Justice Department did not immediately return a request for comment. The company would prohibit the use of Greyball following the New York Times revealing its existence earlier this year. Once a user was "Greyballed", so to speak, Uber would show a different version of the its app with fake cars that would not respond to call requests.

Business Nigeria seeks six months extension from OPEC cuts
Author: 0 Nigeria seeks six months extension from OPEC cuts

Support is building within OPEC to extend its oil production cuts by an additional three or six months, senior Gulf officials previously told CNNMoney. The main emerging currencies were all on track for weekly losses and MSCI's closely-followed EM stocks index hit a 10-day low. US gold futures GCcv1 gained 0.06 percent to $1,229.30 an ounce.

Author: 0 GOP-led House panel votes to overhaul Dodd-Frank

The House Financial Services Committee voted along party lines to approve something called the Financial Choice Act , the point of which is to gut most of the Wall Street reforms created in the wake of the 2008 crash. Instead, he said they put together a bill for "Wall Street fat cats". "The community banks in the rural parts of America did not cause any of the problems, and yet that's where the heaviest burden of the regulatory regime lies", said Rep.

Business Fed June rate hike odds jump after policy statement
Author: 0 Fed June rate hike odds jump after policy statement

The Fed raised its benchmark rate by a quarter of a percentage point back in March , to a range of 0.75 percent to 1 percent, where it remains. The Fed in its statement showed little concern about a softening in inflation, characterizing it as "running close to the committee's 2 percent longer-run objective".

Business French presidential front-runner Le Pen steps down as party leader
Author: 0 French presidential front-runner Le Pen steps down as party leader

Melenchon said before the first round that he would not be endorsing any candidate, and has stuck to that. "Ten little points, believe me, it's perfectly doable", she said on Monday night. Fillon and fifth-placed Socialist candidate Benoit Hamon have both rallied behind Macron. As Macron was meeting with union leaders from the Whirlpool plant in northern France, Le Pen popped up outside the factory itself, amid its workers in bright-yellow hazard vests, and declared herself the ...

Author: 0 Our new lumber man in Washington

But while there's a new administration in the White House, this current situation is just a repeat of an ongoing dispute over the years. Ross said the preliminary decision that was put out imposes those countervailing duties on softwood lumber from Canada.

Author: 0 Sidney Crosby not ruled out for Game 5, skates with Penguins

Fleury, facing a barrage as he has been in most of Pittsburgh's games this postseason, made 36 saves in a 3-2 win in a pivotal Game 4 of an Eastern Conference semifinal on Wednesday night at PPG Paints Arena. I loved our compete level". I think I didn't control the puck well. "He's really shown it in these playoffs". Not only does Crosby's injury leave them without their best player, it carries residual effects down the roster.

Author: 0 DOJ: Not enough evidence to prosecute; Family: State should prosecute

He said the state's investigation was stalled until the federal investigation was completed. The officers had received an anonymous tip that Sterling had threatened the caller with a gun. "To date this matter has not been investigated or reviewed for possible violations of the Louisiana Criminal Code". Members of Sterling's family were meeting at midday with Justice Department officials to discuss the case and planned to hold a news conference afterward.