Business

Business Standard Life, Aberdeen to cut 10% of jobs in merger
Author: 0 Standard Life, Aberdeen to cut 10% of jobs in merger

Some offices will also be at risk of closure in cases where Standard Life and Aberdeen had bases in the same areas as the firm's look to "achieve cost synergies". Standard Life and Aberdeen will each have eight representatives to the board of directors for the combined group. The even split comes despite the different sizes of the two companies - Standard Life is almost twice the size of Aberdeen by market capitalisation.

Business Gold inches up from eight-week low as dollar slides
Author: 0 Gold inches up from eight-week low as dollar slides

Gold has fallen in four of the past five trading sessions and is off 1.9% from its 50-day moving average of $1,247.84 an ounce, according to FactSet data. "The fall of the volatility index further hollows out the safe-haven bid that has underpinned gold for most of 2017". "We think that gold's slide could perhaps extend to $1,180 to $1,200, an area of good technical support", said INTL FCStone analyst Edward Meir.

Business Hong Kong stocks rise to fresh 21-month high despite China slump
Author: 0 Hong Kong stocks rise to fresh 21-month high despite China slump

Tencent rose to a fresh record intraday-high but gave up gains at the close, falling 0.1 percent. Monthly inflation rose a marginal 0.1%, but the result was positive as prices were expected to fall by 0.3% month-on month. Commodity prices sank to a five-month low last week, according to Bloomberg. The blue-chip CSI300 index fell 0.5 per cent to 3,337.70 points, down for the 8th straight session, while the Shanghai Composite Index lost 0.9 per cent to 3,052.79 points.

Business Trump Was 'Psyched' To Nix NAFTA But Was Persuaded To Reconsider
Author: 0 Trump Was 'Psyched' To Nix NAFTA But Was Persuaded To Reconsider

I think NAFTA has been a catastrophic trade deal for the United States, trading agreement for the United States. Or it was until about 12 hours later, when Trump announced that the Mexican president and Canadian prime minister had politely asked him to renegotiate, and since Trump said he really likes those two countries, he said O.K.

Author: 0 Warren Buffett Tells Value Investors To Resist The Temptation To Speculate

He argued that the American Health Care Act , which passed the House this past week, amounted to "a huge tax cut for guys like me". I remain bullish on Apple for a number of reasons, however Warren Buffett's enthusiasm for a stock he would otherwise not have considered just a few years ago makes me even more bullish.

Business Trump to Rollback Student Meal Plan Initiated by Michelle Obama
Author: 0 Trump to Rollback Student Meal Plan Initiated by Michelle Obama

President Trump's Secretary of Agriculture is rolling back Obama-era regulations on school lunches that were costly for districts and unpopular with students. The rule was signed following a school lunch he ate with students at an elementary school in Leeburg, Virginia, where he claimed that the administration was "not winding back any nutritional standards".

Author: 0 Rockets C Nene out for rest of playoffs with groin injury

When you slow the game down, it nearly kind of favors them. I guess that's where all the passion comes out, at those moments. Lowry averaged career bests of 22.4 points, 7.0 assists and 4.8 rebounds per game this season but was limited to 60 games because of a right wrist injury that required surgery in February.

Business Donald Trump sacking FBI's Comey 'reeks of Russian cover up' Democrat claims
Author: 0 Donald Trump sacking FBI's Comey 'reeks of Russian cover up' Democrat claims

President Donald Trump has fired FBI Director James Comey who was leading the investigation into whether his election campaign had ties to Russia's alleged interference in the U.S. "There can be no question that a fully independent special counsel must be appointed to lead this investigation". Amash is one of four Republicans who have signed on to legislation that would force Trump to release his tax returns.

Author: 0 Crosby plays on after scare of head-first crash

Consider, too, that for the first four games of this series, Pittsburgh Coach Mike Sullivan was praised - rightly - for squeezing the most out of a team that had endured injuries all season, a factor when Crosby missed Game 4 with a concussion and the Penguins won anyway.

Author: 0 New photo as Prince Charlotte turns two

The last time Prince George and Princess Charlotte were seen in public was during Christmas previous year. The photograph, which was taken in April at Prince William and Kate's residence in Norfolk, appears to be the continuation of a trend for the family.

Author: 0 Coach bags NY rival Kate Spade for $2.4bn

Coach CFO Kevin Wills notes that once the acquisition is final, Coach will begin to implement many of its business strategies - which the company credits with turning around lackluster sales - at its smaller rival. Coach has made an aggressive push to polish the image of its namesake brand, scaling back on its distribution in department stores and relying less on the discounts it had used to get shoppers to buy the brand.

Author: 0 Syria says Israel attacked Hezbollah arms depot near Damascus airport

The Lebanese news agency Al-Manar, which is affiliated with Hezbollah, is claiming that an Israeli airstrike led to the explosions. A spokeswoman for the Israeli military, asked if Israel had been involved in carrying out the air strikes on Thursday, told Haaretz : "We can't comment on such reports".

Business Tunnel with nuclear waste collapses in Washington state
Author: 0 Tunnel with nuclear waste collapses in Washington state

The Hanford site is regularly updating the situation. A spokesman for the Washington state Department of Ecology told the AP that there's been no apparent release of radiation and no workers were injured. "There are no reports of injuries, no reports of a radiological release". Carpenter said he expects total cleanup costs could reach $300 billion to $500 billion.

Author: 0 Judges raise thorny questions about revised Trump travel ban

Jadwat said Trump's anti-Muslim rhetoric continued even after he was elected. Trump release on "total and complete shutdown" of Muslims entering USA has been on campaign site since '15. The San Francisco-based 9th U.S. Circuit Court of Appeals will listen to arguments on May 15 at its Seattle courthouse. A federal judge in Maryland who blocked the revised travel ban in March cited Trump's comments as evidence that the executive order is a realization of Trump's promised Muslim ban.

Author: 0 What the best financial minds are saying about the government's bank levy

Except in the area of housing affordability, there continues to be little funding for core social infrastructure that is needed for people when they are managing challenging circumstances. It was the preferred option over the more contentious proposal to allow first-home buyers to dip straight into their superannuation accounts for a deposit, as opposed to providing additional contributions.

Business President Trump Fired FBI Director James Comey, but now Democrats are Upset
Author: 0 President Trump Fired FBI Director James Comey, but now Democrats are Upset

However, Trump praised Comey's actions on the email investigation days before Election Day - the same investigation the White House cited in part as justification to fire the FBI director. White House officials denied allegations that there was any political motive in the move by Trump, who took office on January 20. "I know the president will select a qualified replacement that will restore the public trust in the FBI", Wilson said by email.

Author: 0 Warren Buffett To Shareholders: 'We Messed Up By Not Investing In Amazon'

The results were released one day before Berkshire's annual meeting in Omaha, Nebraska, where Buffett, 86, and Berkshire Vice Chairman Charlie Munger, 93, were to answer five hours of questions from shareholders, journalists and analysts. "I know the product lines, the customers". "I would police it pretty hard to keep out the fraud", he said. He said the company had too much cash it could not reasonably deploy.

Author: 0 Analyst Earnings Estimates Scan: Sysco Corporation (SYY)

Gulf Int Retail Bank (Uk) Ltd holds 0.14% of its portfolio in SYSCO Corporation (NYSE:SYY) for 163,459 shares. 105 funds opened positions while 265 raised stakes. Archer-Daniels-Midland Company (NYSE:ADM), at its latest closing price of $42.96, it has a price-to-book ratio of 1.41, compared to an industry average at 3.38.

Business Trump Opts For Renegotiation Over Pulling Out Of NAFTA
Author: 0 Trump Opts For Renegotiation Over Pulling Out Of NAFTA

Millions of American jobs could be caught in the crossfire of President Trump's plans for NAFTA, the trade deal between the US, Mexico and Canada. Trump added, "Now, if I'm unable to make a fair deal, if I'm unable to make a fair deal for the United States, meaning a fair deal for our workers and our companies, I will terminate NAFTA ".

Business Adi Godrej steps down as GCPL chairman, passes reins to daughter Nisaba
Author: 0 Adi Godrej steps down as GCPL chairman, passes reins to daughter Nisaba

Veteran industrialist Adi Godrej on Tuesday handed over the baton of Godrej Group flagship firm, Godrej Consumer Products (GCPL) to his daughter Nisaba, who at 39 years is among the youngest women to head a large-sized Indianfirm. "I will continue to serve the GCPL Board and contribute in whatever way I can to GCPL's success and long-term growth". She has also institutionalised design driven thinking and directly leads product development.

Business United given boost at the back before Celta semi-final
Author: 0 United given boost at the back before Celta semi-final

The second leg is at Old Trafford next Thursday with the winners of the tie meeting Ajax or Lyon in the final. The United boss said: "It would be a good achievement given the problems this season and would allow us to be back in the Champions League next season, so the Europa League has now become for us more important".

Author: 0 COMAC C-919: China's indigenously developed jetliner takes off

The first trial model of the C919 took off from Shanghai Pudong International Airport shortly after 2 p.m. on Friday. The 80-minute flight was greeted with applause by more than 1,000 spectators on the tarmac, including Chinese Vice Premier Ma Kai and Shanghai Communist Party chief Han Zheng.

Business Supreme Court Chief Justice sentenced to 5 yr imprisonment
Author: 0 Supreme Court Chief Justice sentenced to 5 yr imprisonment

Indian Supreme Court has sentenced a judge of the Kolkata High Court to six month in prison for contempt of court. Before announcing the first-ever jail sentence for a judge, the court rejected an argument around "the blemish" cast by sentencing a judge.

Author: 0 Puerto Rico files for bankruptcy protection

In the midst of Puerto Rico's financial calamity, Rossello, a scientist and the son of a former governor of the island, has been advocating for Puerto Rico to gain statehood as a means to help it dig out from $70 billion in public debt. Given the size of the debt, it would be the largest such insolvency in USA history, far outstripping Detroit's $18 billion restructuring in 2013. The city was able to reach an agreed debt restructuring with stakeholders, in part by soliciting huge contributions ...

Business David Dao & United Airlines Reached An
Author: 0 David Dao & United Airlines Reached An "Amicable Settlement"

Legal observers had speculated Dao could receive anything from $1-5 million. United also said it will take actions to reduce overbooking flights and improve customer satisfaction. Dr Dao then flopped into the aisle and remained mostly still as the police dragged him toward the front of the plane. "Mr. Munoz said he was going to do the right thing, and he has", Demetrio said in a statement .

Author: 0 GOP moderate offers health care amendment

Trump said his fellow Republicans had to acquiesce to Democratic demands in a government spending bill negotiated this week because the party's majority was too slim to win the 60 Senate votes that would have been needed if Democrats had chosen to block the legislation with a filibuster.

Business William Hill 17-week Revenues Rise; Trading In Line With Market Expectations
Author: 0 William Hill 17-week Revenues Rise; Trading In Line With Market Expectations

The trading statement comes in contrast to an update from Ladbrokes Coral which reported a 2 percent drop in United Kingdom retail net revenue from Jan.1-April 23, hit by punter-friendly sports results and pressure on consumer spending. The online sportsbook amounts wagered grew by nine per cent . William Hill marked the release of its its new Sportsbook Android application .

Business City of Montreal declares state of emergency from flooding
Author: 0 City of Montreal declares state of emergency from flooding

Montreal Mayor Denis Coderre said about 220 people had been moved from their homes. One of the hardest-hit towns is Rigaud, west of Montreal. National Public Safety Minister Ralph Goodale told CTV Sunday that 450 troops are on the ground across the province and that number is increasing.

Author: 0 Apple makes $1B commitment toward more United States manufacturing jobs

In a research note to clients, the analyst viewed, "We would look past disappointing iPhone sales, as consumers delay purchases ahead of an iPhone X launch (features to include OLED displays, wireless charging, and 3D sensing)". Despite the iPhone not performing quite as well as expected, Apple has still managed to rake in the cash, bringing in more than $11 billion in profit.

Business Handbag giant Coach buys Kate Spade for $2.4 billion
Author: 0 Handbag giant Coach buys Kate Spade for $2.4 billion

Besides, it will retain key talent in Kate Spade to ensure a smooth transition to its ownership. Rumors had already surfaced that the deal was looming, with many analysts writing in recent notes about Coach's acquisition strategy and how it could help the retailer boost sales.

Business French election results catapult Wall St. higher; Nasdaq sets record
Author: 0 French election results catapult Wall St. higher; Nasdaq sets record

Le Pen has said for months she is not, strictly speaking, an FN candidate but a candidate backed by the FN. If you look at the attitude of numerous leaders, this is very unusual because we have seen people around Fillon, for example, the central right candidate just after the announcement of the result immediately supported Mr.

Author: 0 Hawthorne-Based SpaceX Successfully Launches Spy Satellite

We don't know much about what was in the part of the rocket that continued to space, except that it's for the National Reconnaissance Office . SpaceX lead mechanical design engineer John Federspiel, who hosted the company's webcast, said the SpaceX team made a decision to halt the launch "out of an abundance of caution" after noticing an issue with a sensor on the first-stage rocket booster.

Author: 0 ASEAN Summit Recap: Assertive China flexes its muscles

According to chairman's statement, the summit avoided tacit references to China's building and arming of its man-made islands. Patron said no ASEAN head of state had pushed for the inclusion of China's land reclamation and militarization in the chairman's statement.

Business New Hamas chief makes first public appearance in native Gaza
Author: 0 New Hamas chief makes first public appearance in native Gaza

The former Palestinian prime minister, he added, was from Hamas's pragmatic camp. Tensions between Fatah and Hamas have been on the rise over the last few weeks due to the PA's decision to stop transferring funds to pay its employees living in the Gaza Strip, who haven't been performing their duties since Hamas took control of the area in 2007.

Business Emergency declared after nuclear waste tunnel collapse
Author: 0 Emergency declared after nuclear waste tunnel collapse

Located next to the PUREX in the center of the Hanford site, it is used to store contaminated materials. Anna King of the Northwest News Network, a public radio station collaboration, reports that approximately 3,000 other workers in the area were originally taking cover indoors.

Author: 0 Ducks pluck victory over Oilers in Game 3 at raucous Rogers Place

Ryan Ellis had a goal and an assist and James Neal also scored for the Predators, who had their franchise-high five-game postseason winning streak snapped. Game five will be in Anaheim on Friday. Anaheim has lost two straight games after an 18-game run since March 10 without a regulation defeat. On the other hand, maybe the Oilers don't mind messing with the Ducks' heads when it comes to shift work.

Business Macron win helps stocks and euro strengthen
Author: 0 Macron win helps stocks and euro strengthen

With the two mainstream parties - the conservative Republicans and the left-wing Socialists - both failing to reach the presidential runoff vote, his chances of winning a majority that supports his election pledges will depend on him widening his centrist base.

Business Kite Pharma, Inc. (NASDAQ:KITE) Slides -1.11% Tuesday's Pre-market
Author: 0 Kite Pharma, Inc. (NASDAQ:KITE) Slides -1.11% Tuesday's Pre-market

The shares of Kite Pharma crashed on the news of patient death as cerebral edema was the same adverse event for which Juno Therapeutics, Inc.'s JUNO phase II study (ROCKET) on its most advanced pipeline candidate, JCAR015, for relapsed/refractory acute lymphoblastic leukemia (r/r ALL) was placed on clinical hold.

Business Euro slides as dollar strengthens and Macron's rally loses steam — FX Focus
Author: 0 Euro slides as dollar strengthens and Macron's rally loses steam — FX Focus

With markets only pricing in one rate hike in 2017 per Fed funds futures contracts, the mere appearance of hawkish Fed rhetoric could help reignite long-end U.S. The Australian dollar sank more than half a percent after another batch of soft retail sales numbers pointed to more weakness in a domestic economy struggling to find a solid basis for growth.

Author: 0 Nordic American Tanker Ltd

Raymond James Financial Services Advisors Inc. now owns 12,502 shares of the shipping company's stock worth $105,000 after buying an additional 919 shares during the last quarter. The company's consensus rating on Reuter's scale slipped from 2.57 to 2.43 during a month. The ROIC 5 year average of Nordic American Tankers Limited (NYSE:NAT) is -0.013410.

Author: 0 Amazon Has Officially Unveiled the Echo Show

It is called Echo Show and brings more voice skills to your home including two-way video calling, accessing smart home cameras, photos, weather forecasts, to-do and shopping lists, and more. In addition to live calls, Alexa will also have the ability to record and send voice messages to your contacts, or store them locally for other people in your home to listen to later.

Author: 0 Oil collapses to $45 as U.S. shale output

Brent crude prices have plunged more than 16% since recent highs of 58 U.S. dollars per barrel (£44.83) in January, when enthusiasm for the Opec oil cuts - meant to tackle an overabundance of supply and help boost prices - reached a fever pitch.

Author: 0 The economy grew 0.7 percent in Trump's first quarter, federal data show

The U.S. economy grew by just 0.7 percent in the first quarter of this year. Kristian Rouz - The pace of US GDP expansion in the first three months of this year was its slowest since the first quarter of 2014, with consumer spending having slowed significantly amid lower auto sales and utility receipts.

Business Sally Yates Provided a Helpful Timeline of the Mike Flynn Saga
Author: 0 Sally Yates Provided a Helpful Timeline of the Mike Flynn Saga

The subcommittee meeting Monday is one of multiple congressional probes into any Russian Federation interference, along with House and Senate intelligence panels. Throughout the Russian Federation probes, the Trump White House has pointed to testimony earlier this year from Clapper that he had seen no evidence in the January intelligence report of collusion between the President's campaign and Russian Federation.

Business Trump administration hollows out EPA science integrity board
Author: 0 Trump administration hollows out EPA science integrity board

At least five board members received emails stating their three year terms would not be renewed, Davenport reported . An EPA spokesperson, J.P. Freire, told The New York Times that the agency may consider filling the now-vacant posts with members from industries affected by the EPA's regulations.

Business HUDCO IPO oversubscribed 3 times on Day 2
Author: 0 HUDCO IPO oversubscribed 3 times on Day 2

Of the total equity shares offered, 50% will be sold to qualified institutional buyer (QIB), 35% for retail individual investors (RII) and remaining for non-institutional investors (NII). The government has disinvested 10.19 per cent of its stake in this IPO. HUDCO's net profit stood at Rs 496.29 crore on revenue from operations of Rs 2613.02 crore in nine months ended 31 December 2016.

Author: 0 Oil lower, U.S. crude output seen at record high in 2018

Brent crude futures were up 9 cents at $49.43 per barrel at 1110 GMT, above a session low of $49.18, while US West Texas Intermediate futures were up 11 cents at $46.54 per barrel. For 2018, the EIA's growth forecast is 650,000 bpd, down from its previous forecast of 680,000 bpd. Goldman Sachs told the news agency that the rise is production is primarily driven by shale oil drillers who ramped-up their output rapidly than the conventional producers.