Author: 0 Dollar rallies after Fed signals June rate hike likely

Wednesday's affirmation from the Fed that it was optimistic on economic growth and that its rate rise plans remained intact bolstered the dollar against the euro and yen and pushed Treasury yields slightly higher. Indeed, last week's initial read on first-quarter GDP growth showed that investment was one of the bright points, with non-residential investments growing at a double-digit or better pace.

Author: 0 Airline Execs Raked Over the Coals by Congress

The hearing was Capitol Hill's first chance to grill airline executives since the violent removal of a passenger from a United Airlines flight last month sparked global outrage. New actions from Congress risks a "one size fits all" approach bad for consumers, Shuster said. Munoz has further defended the policy of overbooking, saying it helps the airline better serve passengers.

Business Warm weather and low energy prices hurt Centrica's margins
Author: 0 Warm weather and low energy prices hurt Centrica's margins

The company is expected to have cut around 1,500 jobs this year to meet its cost savings target. But a price cap isn't the only trouble Conn faces. Britain's biggest supplier of energy to homes has called for the costs of funding government policies such as smart metering to be met via general taxation rather than being passed on to consumers via their energy bills.

Business Nisa Investment Advisors LLC Cuts Position in Newell Brands Inc (NWL)
Author: 0 Nisa Investment Advisors LLC Cuts Position in Newell Brands Inc (NWL)

The company is set at a mean analysts' recommendation of 1.80. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.98%. The shares were sold at an average price of $45.62, for a total value of $244,203.86. This is an increase over its revenue of $1.31 billion from the same time past year. We believe this transformative value creation story is unique to Newell Brands given our leading brand positions in large global categories, the inherent opportunities ...

Author: 0 Activist Investor CtW Supports Scandal-Plagued Wells Fargo's Board

But in practice, directors who win with less than 80 percent support should consider exiting the board, said Charles Elson, a University of DE expert on corporate governance."If they're below 80 (percent) I'd say they have a lot of soul-searching to do", he said.Sanger noted that six of Wells Fargo's directors are expected to leave over the next four years.

Author: 0 Berkshire Hathaway events continue, Buffett set for TV interviews

At that moment, that's the key to everything. The billionaire has long said that he plans to work for as long as possible, and while he has identified successors for his roles as Berkshire's chairman and top stock picker, he has not said who would actually run the company.

Business Growth During First Quarter in U.S. Weakest in 36 Months
Author: 0 Growth During First Quarter in U.S. Weakest in 36 Months

Analysts say that lingering issues in this area may artificially hold down Friday's initial GDP estimate for the first quarter. U.S. growth slowed to its lowest level in three years in the first quarter as consumer spending and government expenditures tumbled to their lowest levels in years, the Commerce Department reported yesterday.

Business Conte responsible for my improvement, says Chelsea defender
Author: 0 Conte responsible for my improvement, says Chelsea defender

Manchester United boss Jose Mourinho is Chelsea's most successful manager, with three Premier League titles. "Last season I supported a lot Claudio Ranieri to win the title". 'But don't forget that Tottenham dropped out at the first group stage of the Champions League , and then dropped out in the first game in the Europa League .

Author: 0 China open to renaming China Pakistan Economic Corridor, says envoy

An important factor to be considered for mediation is the Dollars 46 billion worth agreement signed for the facilitation of the China-Pakistan Economic Corridor (CPEC), which passes through a portion of Pakistan-occupied Kashmir (PoK). "Some Indian media say that China always puts Pakistan first when handling its relations with South Asia countries". "India is exaggerating the situation".

Author: 0 House Advances Republican Bill to Overhaul Dodd-Frank Rules

It passed on a 34-26 party-line vote . Republicans argued that the law is slowing the economic growth because of cost compliance and restriction in lending. Throughout the three-day hearing, Democrats blasted Hensarling's almost 600-page plan as "immoral", calling it "poisonous" and "a deeply misguided" piece of legislation that would bring harm to American families and come to the rescue of Wall Street.

Author: 0 Apple leaks new thinner, lighter iPad ... revenues

Yesterday (3), Apple announced it was creating a fund to get more people in the USA to do "advanced manufacturing", kicking it off with a billion dollars. Following the completion of the transaction, the insider now directly owns 14,390 shares in the company, valued at approximately $2,087,269.50. Maestri said that sales of Macs and the company's services were strong in China during the March quarter.

Author: 0 Dollar inches up as Fed eyed for June rate hike steer

A statement from the Federal Reserve said: "In view of realized and expected labor market conditions and inflation, the Committee made a decision to maintain the target range for the federal funds rate at 3/4 to 1 percent". The rand has had a rough ride since at least March when it was hovering around R12.31/$ before weakening to R13.95/$ as a result of the domestic politics, which for now appear to have taken a backseat.

Author: 0 Oil falls further after crashing to five-month lows in previous session

Oil prices rebounded in European trading on Friday after suffering sharp falls overnight, with Brent climbing back above $48 per barrel. What has proved to be a double whammy for OPEC is the fall in worldwide commodity markets triggered by recent Chinese manufacturing surveys.

Author: 0 Buffett says health care costs hurt U.S. profits

Above: Berkshire-owned Justin Brands cowboy hats for sale at the Berkshire Hathaway 2017 Annual Shareholders Meeting. Buffett said at the meeting that health care costs have become a bigger issue for American businesses than taxes. Buffett also argued that executives at Wells Fargo, in turning a blind eye to the creation of fraudulent accounts to meet sales goals, had fostered a toxic culture.

Business Unemployment rate fell to 4.4% in April, a 10-year low
Author: 0 Unemployment rate fell to 4.4% in April, a 10-year low

A broader measure of unemployment, which counts unemployed people, discouraged workers and those working part-time who can't find full-time work, also dropped to a almost 10-year low, at 8.6 percent. The Fed on Wednesday kept its benchmark overnight interest rate unchanged and said it expected labor market conditions would "strengthen somewhat further".

Author: 0 Fed Signal Keeps Dollar Strong

The Fed's policy-making committee kept its benchmark rate target at 0.75 percent to 1 percent. Since the last meeting, economic data has been mixed, with the economy growing at a sluggish 0.7 percent annual pace in the first quarter as consumer spending nearly stalled, but a surge in business investment and the fastest wage growth in a decade suggest activity will regain momentum as the year progresses.

Business North Korea Says It's Detained Another American Citizen
Author: 0 North Korea Says It's Detained Another American Citizen

The North is now detaining four American citizens, including Korean American pastor Kim Dong-chul and college student Otto Warmbier. The PUST was founded by evangelical Christians and opened in 2010 . He still has family members in China and Korea, David Kim said. Last year, North Korea sentenced U.S. college student Otto F. Warmbier to 15 years' hard labor after accusing him of trying to steal a political banner.

Business AkzoNobel rejects another takeover bid from PPG Industries
Author: 0 AkzoNobel rejects another takeover bid from PPG Industries

PPG had raised an earlier offer for the Dutch company by 8% to €96.75 per share, valuing AkzoNobel at €26.9bn (£22.8bn). A group of Akzo Nobel shareholders led by hedge fund Elliott Advisors who support a merger of the two companies have been pushing for talks, but Akzo said in a statement it would not engage in discussions with the US company.

Author: 0 North Korea detains another United States citizen

Kim Tong Chol, a U.S. citizen detained in North Korea , is presented to reporters in Pyongyang, North Korea on Friday, March 25, 2016. Relations between the USA and North Korea have grown more strained in recent months as Pyongyang conducts nuclear and ballistic missile tests in defiance of worldwide bans.

Business Chinese export, import growth slow in April as rebound cools
Author: 0 Chinese export, import growth slow in April as rebound cools

The smaller-than-expected rise in exports and imports underscores the challenges the global economic recovery faces. Customs data also showed that a leading indicator for China's exports rebounded from 40.2 to 40.7 month on month in April, signalling positive potential in exports.

Business His Support for Black Colleges Remains 'Unwavering'
Author: 0 His Support for Black Colleges Remains 'Unwavering'

This comes on the heels of President Trump inviting the presidents of all HBCUs to the White House for a meeting about the future of these historical colleges. Black also thought it was especially unusual that Trump would focus on race, ethnicity, and gender - but not religion or disability. Two sources said the statement singling out black colleges had bypassed those who had worked on HBCU issues.

Business Canadian wages see weakest growth since 1997, jobless rate falls to 6.5%
Author: 0 Canadian wages see weakest growth since 1997, jobless rate falls to 6.5%

The underemployment rate, a measure that includes those working part-time who would take a full-time job if it were available, dropped to 8.6 per cent, the lowest since November 2007, just before the last recession began. That number was almost triple the 4,200 jobs added in March, according to data released May 5 by Statistics Canada. Significantly, the total number of hours worked increased 1.1 percent in the 12-month period.

Business Puerto Rico requests bankruptcy protection for public debt
Author: 0 Puerto Rico requests bankruptcy protection for public debt

The bonds are backed by the island's constitution. Because of the impending bankruptcy filing, lawsuits will presumably be frozen, preventing court rulings that favor one creditor group over another. The board stopped trying to negotiate with creditors this week and filed for bankruptcy . "Puerto Rico is no longer shielded from creditors rushing to the courthouse to lay claim to its assets - that includes the beaches, pieces of art, historical furniture and any assets whether they are ...

Author: 0 Sacked water minister paints Kejriwal with graft brush

Before his scheduled briefing, the ousted minister tweeted that he has "witnessed HIM taking illegal cash". Earlier, as Mishra went to meet the LG at Raj Niwas, the top leadership of AAP remained huddled at Kejriwal's residence. However, Mishra claimed that he was removed after he put pressure on the party leaders over matters of "corruption" that have been taking rounds for quite some time.

Author: 0 What Are Analysts Suggestions On Ascena Retail Group Inc. (ASNA)

Guggenheim began new coverage on Ascena Retail Group, Inc. giving the company a " rating. Equities research analysts anticipate that Ascena Retail Group will post $0.38 earnings per share for the current year. Therefore 14% are positive. 9 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 1602.44 million while high and low sale targets are estimated at 1625.49 million and 1588 million respectively.

Author: 0 North Korea detains another U.S. citizen: state media

KCNA claimed that "a relevant institution" was "conducting [a] detailed investigation" of Kim's alleged crimes, reports the BBC . North Korea arrested a U.S. "Due to privacy considerations, we have no further comment", the official said. He was passionate about solving North Korea's food shortage, and would use his own money to fund his projects and send food to the impoverished nation.

Author: 0 Alphabet reports strong Q1 on the back of booming advertising business

Alphabet Chief Financial Officer Ruth Porat said during the earnings call that "YouTube revenues continue to grow at a significant rate", dispelling concerns about the possible impact of an advertiser boycott of the video service. In 2015, Google's non-advertising revenue accounted for 9.6% of the Alphabet's revenue, and in 2016 it was 11.3% of total revenue. The company generated $21 Billion as advertising revenues - a jump of over $3 Billion.

Business Interior releases list of national monuments to be reviewed
Author: 0 Interior releases list of national monuments to be reviewed

No private land can be part of a national monument. The Bears Ears monument is a source of ire for Utah's conservative leadership and is a top review priority. The Organ Mountains Desert Peaks National Monument near Las Cruces will reviewed under a presidential order issued by President Donald Trump, the U.S.

Author: 0 Democrats see a winning issue in opposing GOP health bill

Mr. Connor said the AHCA would provide $8 billion nationwide for pre-existing conditions, which he said is "woefully inadequate". A moderate Republican, Sen. Price said the changes will make sure that people who rely on Medicaid get the care and coverage that they need. "What my position is and I believe this is the Democratic position: Don't repeal Obamcare", she said.

Author: 0 United Kingdom economic growth shows weakest growth since Brexit vote

Wage gains will play a bigger role in helping boost sentiment and offset the negative effects on consumer spending from higher inflation, said Tom Simons, an economist at Jefferies LLC in NY. In a report, the Office for National Statistics (ONS) said gross domestic product expanded by a seasonally adjusted 0.3% in the three months ended March 31, below forecasts for growth of 0.4%.

Author: 0 Warren Buffett addresses arena crowd

Buffett told shareholders of his company Berkshire Hathaway on Saturday that he realized early on that Google was turning significant profits from advertising on the Internet though he did not think it could sustain long-term success, CNBC reported .

Author: 0 UK GDP falls from 'giddy pace of growth' to 0.3% in Q1

Gross domestic product, the broadest measure of goods and services produced in the USA, rose 0.7%, at a seasonally adjusted annual rate, in January through March, the Commerce Department said Friday. growth rate decline to the lowest in three years. The 2.7% expansion from a year earlier was boosted by the shift in the Easter holiday to April this year, as economic activity tends to slow sharply during that week.

Author: 0 North Korea accuses Central Intelligence Agency of plot to murder Kim Jong

According to the ministry, such actions are nothing more than "an act of state terrorism initiated by the USA and South Korea, aimed at disrupting the sovereignty and security" of North Korea. House of Representatives voted to toughen sanctions against the North Korean regime, according to experts quoted by South Korea's Yonhap News Agency .

Author: 0 Favored Always Dreaming wins Kentucky Derby

Lookin At Lee was almost three lengths back for second as Always Dreaming pulled away on the muddy Churchill Downs track, while Battle of Midway was third. Before the race, Classic Empire , McCracken , Always Dreaming and Irish War Cry were mentioned by experts as the favorites . He steered Always Dreaming into an ideal spot behind pacesetter State of Honor, with mud flying in all directions.

Author: 0 EU Commission: English Language Losing Importance in Europe Amid Brexit

She stressed that she would approach Brexit negotiations "fairly and constructively". Speaking to press on the steps of Downing Street, Mrs. The row blew up after a German newspaper published an apparently well-briefed account of the Prime Minister's meeting with key Brussels figures in No 10 last week.

Author: 0 Warren Buffett sells a third of stake in IBM

Buffett told shareholders of his company Berkshire Hathaway on Saturday that he realized early on that Google was turning significant profits from advertising on the Internet though he did not think it could sustain long-term success, CNBC reported .

Author: 0 I Love All Socialist Health Care, Not Just Australian Single-Payer

By contrast, House Republicans' Obamacare repeal bill, whose passage Trump celebrated earlier Thursday at the White House, would cut back Medicaid funding in part by repealing a tax on wealthy Americans' investments. The two attended a dinner aboard the Intrepid, now a museum docked in the Hudson River, to honour the 75th anniversary of the strategic victory of the United States and Australia over Japan in the Battle of the Coral Sea during World War II.

Author: 0 France's tense presidential race is colliding with May Day labor marches

One police officer was seen spraying a troublemaker in the face. Talking about France's borders, Mr Fillon said: "Then, there is the frontier of the Rhine, the most open, the most risky, the most promising too - this Germanic world with which we have been so often in conflict and with which we will yet cooperate in so many ways".

Business USDA prepared to scale back on healthy school lunch choices
Author: 0 USDA prepared to scale back on healthy school lunch choices

President Trump's Agriculture Secretary, former Georgia Gov. Sonny Perdue , has said he plans to lighten up meal requirements for the federally-subsidized school lunch program. Many are bullied and, as a result, are likely to suffer from depression and self-esteem issues. Some school districts and cafeteria workers complained the rules are too costly and restrictive.

Business Digging Up the Facts on Rex Energy Corporation (REXX)
Author: 0 Digging Up the Facts on Rex Energy Corporation (REXX)

The SI to Valero Energy Corporation's float is 4.25%. The 52-week high price of the stock is $70.66 while its 52-week Low price is $45.45. It has outperformed by 4300.32% the S&P500. The lower end of the projection is $1.17 per share, while the higher end is $2.04 per share. The overall volume in the last trading session was 4.08 million shares, versus the average volume of 4.32 million shares.

Business Warren Buffett: Shares 'number one problem with mankind'
Author: 0 Warren Buffett: Shares 'number one problem with mankind'

But on a more serious note, Buffett says he's gotten a lot of joy in life out of teaching other people things. In 2015, Berkshire made a bet that could profit from increased cyber breaches. "Berkshire ended March with more than $96 billion of cash and cash-like instruments, and Munger said it could do a "$150 billion" acquisition now if it wanted.

Author: 0 'Made in China' C919 passenger jet takes maiden flight

COMAC has already received orders for 570 C919s from domestic aviation and leasing companies, benefitting from the national market, which is the second-largest in the world. China's home-grown C919 passenger jet is seen at the Shanghai Pudong International Airport ahead of its scheduled maiden flight in Shanghai, China, Friday, May 5, 2017.

Author: 0 Tillerson seeks action on NKorea as he meets SE Asia bloc

Patrick Murphy, U.S. deputy assistant secretary of state for East Asia, said Tillerson stressed Washington's security and economic commitment to the region, amid doubts raised by President Donald Trump's "America First" platform and withdrawal from the Trans Pacific Partnership (TPP) trade pact.

Business Macron says respects voters drawn to extremes, wants closer Europe
Author: 0 Macron says respects voters drawn to extremes, wants closer Europe

Many voters expressed similar frustration, and a big question remaining Sunday was how many of them would bother to vote. Voting stations will all close by 2 p.m. Initial vote-counts showed Macron winning between 65.5% and 66.1% of ballots, with Le Pen trailing badly on between 33.9% and 34.5%. "His program seems to be very vague, but in reality it is a simple continuation of Francois Hollande's government", Le Pen said .

Business IN congressman says injured United passenger shouldn't have resisted
Author: 0 IN congressman says injured United passenger shouldn't have resisted

Airline executives were grilled before a congressional panel on Tuesday about customer complaints, with lawmakers criticizing them for overbooking flights, denying boardings, and imposing fees for flight changes and checked baggage. Dao, I appreciate that, it was very bad to watch that, it reminded me of a Trump campaign rally". Alaska Airlines told the committee Tuesday that it's considering changes to its overbooking policy, but American Airlines has said it has no plans to end the practice.

Business USA lumber tariffs to hinder Canada's lumber industry
Author: 0 USA lumber tariffs to hinder Canada's lumber industry

The step escalates an economic battle among neighboring countries that normally have one of the friendliest worldwide relationships in the world. In what the White House described as "a very amicable call" on Tuesday, Trump and Trudeau discussed the dairy trade in border states, as well as lumber imports into the US.

Business France To Pick New President In Historic Race
Author: 0 France To Pick New President In Historic Race

Whoever wins will spell a new chapter in French politics. "After what happened in the USA elections, I am anxious about Le Pen winning". Tabuchi, who has lived in Los Angeles since November, cast her ballot against Le Pen Saturday afternoon at a polling station set up for French citizens in Burbank.