Business

Business Airline vet to lead Amtrak in a summer of repairs, reckoning
Author: 0 Airline vet to lead Amtrak in a summer of repairs, reckoning

Anderson is officially joining Amtrak on July 12, a week after Amtrak starts its emergency fix work at Penn Station - which is expected to impact thousands of rush hour commuters. Anderson was among the most outspoken US airline industry leaders. Anderson joins Amtrak at a challenging time for the beleaguered intercity passenger railroad, which is largely funded by the federal government.

Business Lowest early-summer gas prices in 12 years
Author: 0 Lowest early-summer gas prices in 12 years

Fears about an oversupply of oil are one of the factors driving declines in crude oil and, thus, gas prices, Jenkins said. Palm Beach County's average price of $2.30 was six cents lower than a week ago, while the $2.28 average in Miami-Dade County was also four cents less than the previous Monday.

Business Justin Trudeau Marches for Pride in Toronto
Author: 0 Justin Trudeau Marches for Pride in Toronto

Trudeau, who takes his sock game seriously, sported a rainbow pair with the words " Eid Mubarak ", which marks the religious holiday that ends Ramadan, the Islamic holy month of fasting. A Black Lives Matter chapter demanded NY police abandon gay Pride Marches Sunday, claiming the officers were a threat to the safety of black people .

Business New study of Seattle's $15 minimum wage says it costs jobs
Author: 0 New study of Seattle's $15 minimum wage says it costs jobs

The truth is more nuanced, and unearthing it requires the kind of study being conducted by a team at the University of Washington . This is thanks to their employers cutting their hours in response to the law raising the minimum wage from $10.50 an hour to $13 an hour in 2016.

Business Co-op Bank says nears rescue deal with investor group
Author: 0 Co-op Bank says nears rescue deal with investor group

It added that the bailout deal will enable it to meet its longer-term capital requirements and continue as a stand-alone entity, as well as safeguarding the values and ethics written into its rules during its so-called bail-in back in 2013.

Business Buffett's company buys 9.8 percent of real estate investment firm
Author: 0 Buffett's company buys 9.8 percent of real estate investment firm

It is listed as one of the largest and fastest-growing net-lease REITs in America, owning a large and diversified portfolio of single net-lease properties in 1,750 locations within 48 states as of March 31, 2017. This amounted to 9.8% of the company's outstanding shares. Shapiro Capital Management LLC's holdings in Berkshire Hathaway were worth $212,000 as of its most recent filing with the SEC.

Author: 0 Are Analysts Bearish IFG Group PLC (LON:IFP) After Last Week?

Mckinley Cap Mngmt Lc Delaware holds 0.01% or 1,990 shares in its portfolio. With 34,100 avg volume, 0 days are for SKF AB ADR (OTCMKTS:SKFRY)'s short sellers to cover SKFRY's short positions. Avid Technology had 5 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was initiated by Piper Jaffray on Tuesday, February 23 with "Overweight".

Author: 0 Trump to welcome India's prime minister to White House

In their remarks, the two leaders are expected to lay their visions for the India-US relationship. After their meetings, Modi and Trump will make statements in the Rose Garden. After their media interaction, Trump joined by the First Lady would host the Prime Minister and the visiting Indian delegation for a dinner in the historic Blue Room of the White House.

Business Chronology of events in former nurse Elizabeth Wettlaufer's case
Author: 0 Chronology of events in former nurse Elizabeth Wettlaufer's case

It won't be the first time family members have heard from Wettlaufer - her video confession was played for the court after she pleaded guilty. Her prison term has already been proposed as part of a joint sentencing submission made last month: life, no chance of parole for 25 years for eight counts of first-degree murder.

Author: 0 Residents remaining in evacuated tower blocks 'must leave', says council

Local authorities have now confirmed that 60 cladding samples taken from as many high-rise buildings across 25 local authority areas have failed fire safety tests . Speaking before the latest figures were released, Mr Javid said: "We expect that authorities and landlords are very sensibly giving the highest priority to buildings with which they have most concern".

Author: 0 Italian PM 'guarantees' savers' accounts in 2 troubled banks

European shares rose on Monday as banks rallied after Italy reached a deal to wind up two failed regional banks and Nestle climbed to a new record after an activist investor urged changes at the consumer bellwether. The EU executive also said that Intesa was chosen in an "open, fair and transparent sales process". It too did not explain. The resources approved by the government will facilitate, as widely anticipated, Italian bank Intesa Sanpaolo's taking on the "good" assets of the ...

Business Puerto Rico votes on statehood: Polls and protests
Author: 0 Puerto Rico votes on statehood: Polls and protests

On June 11, millions of Puerto Ricans will head to the polls to decide the political status of the Caribbean island. Puerto Rico previously voted in favor of becoming a state in 2012, but statehood opponents said the voter turnout was not high enough to accurately reflect will of the Puerto Rican people.

Author: 0 SpaceX launches 10 satellites from California air base

In this Sunday, June 25, 2017 , photo released by SpaceX, a SpaceX Falcon 9 rocket is seen before lift off Sunday, carrying 10 more satellites for Iridium Communications , from Vandenberg Air Force Base , Calif. The drone landing pad had to be repositioned due to that, though there were still worries that the poor visibility would make it hard to control the rocket's first stage as it comes in for the landing.

Author: 0 India, US Bilateral Trade Is Poised For A Multi-Fold Increase

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attend a meeting of heads of member states at the SCO summit in Astana June 9, 2017. The US press secretary was being asked about the similarity between the visions and ideas of both leaders; with Modi promoting the "Make in India" campaign and Trump saying 'Buy American , ' and make in America - or 'Hire American '.

Business Durable Goods Orders Fell 1.1% in May, Driven by Transportation
Author: 0 Durable Goods Orders Fell 1.1% in May, Driven by Transportation

Orders of machinery, electrical equipment and motor vehicles were the bright spots, with the latter category rising 1.2 percent on top of April's 0.5 percent gain. The U.S. dollar was trading lower against a basket of currencies. Total durable goods orders slid 1.1% to $228.2 billion, down from an adjusted $230.7 billion in April, according to a monthly report from the US Commerce Department .

Business Faulty Airbag Maker Takata Files for Bankruptcy
Author: 0 Faulty Airbag Maker Takata Files for Bankruptcy

Takata Corp. has succumbed to the financial pressures of the largest automotive recall in history, filing for bankruptcy and selling key assets to USA supplier Key Safety Systems for $1.59 billion. Despite widespread media coverage and numerous campaigns to alert owners of the problem, more than 65 percent of the vehicles that are part of the recall are believed not to have been repaired.

Author: 0 With Whole Foods, Amazon acquires distribution network

With its acquisition of Whole Foods, Amazon acquires a portfolio of a dozen stores in New York City, including one at the Time Warner Center and another on the way at Manhattan West, as well as the grocer's distribution-supply chain. "Everybody's been kind of joking that it's going to be robots and drones", Clark said of potential changes from Amazon, which uses robots in its warehouses and is testing drones for delivery.

Author: 0 Southwest flight diverted after woman attempts to open door

As she attempted to open the emergency exit aboard the plane, she was tackled and subdued by a passenger, Pamela Michenow, an off-duty officer of the Cleveland, Texas , Independent School District. But the airline said crew became concerned about one of the passengers and chose to divert to Corpus Christi airport, about 200 miles short of the intended destination.

Business Recode: Pandora CEO to step down
Author: 0 Recode: Pandora CEO to step down

Pandora declined to comment. Westergren, who co-founded Pandora in 2000, served as its Chief Executive and president from May 2002 to July 2004, before returning to the company as its chief executive previous year. Sirius XM is controlled by Liberty Media, a holding company led by Greg Maffei and its principal owner John Malone, the cable-TV billionaire. How many chose to also exit could be a key indicator of the company's intentions.

Author: 0 Debenhams Plc (DEB) Given Average Rating of "Hold" by Analysts

Goldman Sachs have set a target price of 457 GBX on its stock. It has underperformed by 14.21% the S&P500. It has underperformed by 16.70% the S&P500. Mogy Joel R Investment Counsel, California-based fund reported 225,613 shares. Franklin Resources Inc holds 0% of its portfolio in Smith & Nephew plc (LON:SN) for 175,044 shares.

Author: 0 Uber co-founder Travis Kalanick resigns as chief executive

In a statement, Uber's board said: "Travis has always put Uber first". The report states that five of Uber's most prominent investors, including Benchmark, wrote a letter titled "Moving Uber Forward", which recommended that the CEO step aside immediately.

Author: 0 Overwhelmed By Air Bag Troubles, Takata Files For Bankruptcy Protection

The company was founded in 1933, producing lifelines for parachutes and later on auto seat belts and associated products. USA bankruptcy laws permit a would-be buyer to acquire Takata's desirable assets, but not necessarily assume unwanted liabilities - including recall obligations, according to Robert Rasmussen, a University of Southern California law professor specialising in corporate reorganisations.

Business Astros hit 3 HRs, finish winning trip by beating Seattle 8-2
Author: 0 Astros hit 3 HRs, finish winning trip by beating Seattle 8-2

They quickly added to that total. He left two pitches up to George Springer and Yuli Gurriel that were both sent into orbit for home runs. They also own the top record in baseball at 52-25, helped by 124 home runs. "You don't often see that", Servais said. "Sometimes the eyes go bad, but the ears usually don't go bad". As part of the organization's 40-year anniversary celebration, former Mariners catcher Dan Wilson threw out the first pitch Sunday.

Author: 0 Insurance study ties legal pot to boost in auto crash claims

These seemingly contradictory findings leave one marijuana reformer confused but certain that the sky isn't falling. A study by the American Journal of Public Health published on Thursday looked at motor vehicle fatalities and found no significant increase in Colorado and Washington State.

Author: 0 Crude prices sag amid doubts over OPEC's influence

July WTI oil dropped $1.73, or 3.7%, to settle at $44.73/bbl, the lowest since November. USA inventories fell less than forecast last week, keeping supplies more than 100 million barrels above the five-year average, according to data from the Energy Information Administration on Wednesday.

Author: 0 Equiniti Group (LON:EQN) New Price Targets

It has underperformed by 55.52% the S&P500. The firm earned "Neutral" rating on Friday, November 13 by JP Morgan. Recently stock market broker analysts have updated their ratings and price targets on shares of Equiniti Group (LON:EQN). The company was maintained on Wednesday, September 30 by Citigroup. Finally, Numis Securities Ltd boosted their target price on Polypipe Group PLC from GBX 375 ($4.78) to GBX 405 ($5.16) and gave the stock an add rating in a report on Thursday, March 30th.

Author: 0 Argus Boosts Rating On Oracle Corporation (ORCL) To "Outperform"

It has underperformed by 2.62% the S&P500. The current PEG for Oracle Corporation NYSE:ORCL is valued at 2.77 with a P/S value of 5.48. Analyst's mean target price for company is $48.64 while analysts mean suggestion is 2.30. Wedbush maintained Oracle Corporation (NYSE:ORCL) on Thursday, March 30 with "Neutral" rating. RBC Capital Markets maintained it with "Outperform" rating and $53 target in Thursday, June 22 report.

Author: 0 Air bag maker Takata files for bankruptcy protection

Takata's president Shigehisa Takada told reporters in Tokyo that with the company rapidly losing value, filing for bankruptcy protection was the only way it could carry on. Takata took the first step in the purchase by filing for bankruptcy. The Tokyo Stock Exchange suspended trading of Takata shares Monday and said it would delist Takata stock Tuesday.

Author: 0 Queen to outline United Kingdom government plans

Lawmakers will have to approve the speech in a vote, expected next Thursday, that will be a de facto vote of confidence. The address to Parliament traditionally includes planned state visits, but the Government's programme for the next two years only contains a reference to welcoming King Felipe and Queen Letizia of Spain in July.

Business England captain Eoin Morgan rested for T20 decider against South Africa
Author: 0 England captain Eoin Morgan rested for T20 decider against South Africa

Despite Buttler adding a useful 31 from 22, it was South African paceman Dane Paterson who dominated the finale of England's innings, taking four wickets for just eight runs in his last two overs. I love playing worldwide cricket , but unfortunately that is the case. England's bowlers enjoyed a dream start, Curran trapping Reeza Hendricks with his fifth ball as the opener lofted up a simple catch to Plunkett at mid-off.

Author: 0 Japan's airbag giant Takata files for bankruptcy

Michigan-based Key Safety Systems ( KSS ), which is owned by Chinese supplier Ningbo Joyson, is expected to purchase Takata operations as it has to continue to produce millions of replacement air bag inflators. Takata has filed for bankruptcy protection in Tokyo and the USA, overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators.

Business Amazon purchase makes grocery wars hotter
Author: 0 Amazon purchase makes grocery wars hotter

It's hard to imagine a scenario in which Amazon wants to keep Instacart as a Whole Foods delivery partner long term, especially since Amazon is investing big in its own one-hour delivery services like Prime Now, and Instacart presumably doesn't share valuable customer data with Whole Foods .

Business Israel to Invest in India Link on Eve of Modi Visit
Author: 0 Israel to Invest in India Link on Eve of Modi Visit

We're really seeking to roll out the red carpet. Trump has also previously criticized India for its role in securing the rights of Third World countries during the 2015 Paris Climate Change Accords. Almost six months after he took office, President Donald Trump will welcome Narendra Modi to the White House on Monday. Interacting with the Indian diaspora here on Sunday, Modi said their success is due to the supportive environment in the USA, and his government is working to provide ...

Business Man, two children killed in crash in Mississauga, Ont.
Author: 0 Man, two children killed in crash in Mississauga, Ont.

A 40-year-old man was also killed. The Mercedes was carrying a driver and four children. One adult, believed to be the only person in one of the two vehicles, was pronounced dead at the scene. The driver of the Mercedes suffered minor injuries. Police have not released information on the driver's age or gender. Winston Churchill Boulevard is closed between the QEW and North Sheridan Way as police investigate.

Business CWS FINALS: Things to know as LSU, Florida play for title
Author: 0 CWS FINALS: Things to know as LSU, Florida play for title

O'Sullivan mentioned relievers like freshman Sam Dyson and sophomore closer Michael Byrne as options for Tuesday, and while he said Faedo, the 18th-overall pick in the 2017 Major League Baseball draft, is probably off limits in game three, he didn't slam the door completely.

Business Avolon inks MOU for 75 Boeing 737 MAX Aircraft
Author: 0 Avolon inks MOU for 75 Boeing 737 MAX Aircraft

The airline's senior vice president Garry Laderman said that the Max 10 had the best economics of the family. The orders and commitments are worth as much as $30 billion at list prices. Xiamen Airlines is an existing 737 MAX customer and plans to use the new airplanes with their subsidiaries, including Hebei Airlines and Jiangxi Airlines.

Business Italy giving 5.2B euros in resources to keep 2 banks open
Author: 0 Italy giving 5.2B euros in resources to keep 2 banks open

Rome will provide a further " guarantee " of 400 million euros, Padoan said, with the remaining cash going to cover a huge hole due to bad loans. The banks' assets would be split into "good" and "bad". She added that "Italy will support the sale and integration of some activities and the transfer of employees to Intesa Sanpaolo". Intesa Sanpaolo insisted that the acquisition of the two banks would be "fully neutral" to its core "Tier 1" capital ratio and dividend policy.

Business GOP senators call for more time to debate, change health care bill
Author: 0 GOP senators call for more time to debate, change health care bill

Sen. Susan Collins of ME said it would be "very difficult" for President Trump and GOP leaders to get her support this week for the Senate's health care bill. Schumer said Democrats have been clear they will cooperate with Republicans if they agree to drop a repeal of the Affordable Care Act and instead work to improve it.

Business U.S. raises rates, but will we see a third hike in 2017?
Author: 0 U.S. raises rates, but will we see a third hike in 2017?

It was the second time the Fed has raised rates this year after the first hike in March . However, the Fed says it would start reducing its holdings of bonds and other securities in this year, which is a sign of its confidence in US economy's growth and strengthening job market.

Business Morgan Sindall Group PLC (MGNS) Insider Sells 13174 Shares of Stock
Author: 0 Morgan Sindall Group PLC (MGNS) Insider Sells 13174 Shares of Stock

About shares traded. Johnson Outdoors Inc. The stock increased 0.73% or $0.06 during the last trading session, reaching $8.31. It has outperformed by 50.94% the S&P500. It has a 22.75 P/E ratio. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business.

Business Cindy's remnants: Street flooding from South to Midwest
Author: 0 Cindy's remnants: Street flooding from South to Midwest

Thursday afternoon, a twister rattled nerves, and scattered debris in Fairfield, Ala. just outside of Birmingham. One resident said he'd been riding his boat through the streets. Alabama Gov. Kay Ivey issued a state of emergency Tuesday because of the threat of torrential rains and other severe weather , including unsafe high tides and rip currents.

Business Trump calls Obama a copycat for saying health bill is 'mean'
Author: 0 Trump calls Obama a copycat for saying health bill is 'mean'

Without the support of at least 50 of the 52 Republican senators, the long-anticipated bill likely is doomed. Though an estimate from the Congressional Budget Office won't be released until Monday, Senate Majority Leader Mitch McConnell is pushing for a vote this week, before the July 4 recess.

Business L1 Retail to buy Holland & Barrett for £1.8bn
Author: 0 L1 Retail to buy Holland & Barrett for £1.8bn

This will allow Carlyle to make a partial exit from Holland & Barrett owner Nature's Bounty, which it acquired seven years ago for USD3.8 billion. According to a report in the Financial Times , L1 faced competition in its purchase, with United States giant KKR, private equity firm Sycamore Partners and Hong Kong's AS Watson, which owns United Kingdom health and beauty retailer Superdrug, all thought to be interested in the retailer.

Author: 0 Airbus concedes defeat to Boeing in Paris order race

Design changes for the 737 MAX 10 include a fuselage stretch of 66 inches, or about 1,68 metres, compared to the 737 MAX 9 and levered main landing gear, with an expanded capacity to carry up to 230 passengers , or 10 people more than that of the 737 MAX 9.

Business Turkish foreign minister heads to Kuwait in Qatar crisis
Author: 0 Turkish foreign minister heads to Kuwait in Qatar crisis

Saudi is not willing to let Pakistan sit on the fence over the Saudi-Qatar logjam. "Victimising Qatar through smear campaigns serves no goal". Firstly, the Iranian Regime is still working on nuclear weapons in secret and secondly, now that they have achieved the deal, their behaviour towards other nation states and their own people has gone massively downhill from the negotiation stage when they were trying to trick the world into believing that they were moderates.

Business Jury deliberating in Cosby trial
Author: 0 Jury deliberating in Cosby trial

Cosby is charged with three counts of aggravated indecent assault. Jurors have been deliberating for more than 27 hours since getting the case Monday. Mason testified that Constand said she'd waited about a year to come forward because she felt embarrassed and was daunted by Cosby's standing at his alma mater, Temple University, where she worked for the basketball program.

Author: 0 Air bag maker Takata bankruptcy filing expected in Japan, US

The U.S. business of embattled Takata Corp. filed for Chapter 11 protection in DE late Sunday, with the parent company following suit in Tokyo Monday morning. "To all our creditors and all who have supported us, we apologise from the bottom of our hearts for the trouble we have caused you", Takata said in a statement .

Business Modi treated to Gujarati meal by Portuguese PM
Author: 0 Modi treated to Gujarati meal by Portuguese PM

India is the only major power bordering the war-torn country and that support from Modi will greatly improve the chances of finishing off all ISIS presence in the Northern reaches of the country. "This is good governance ", Modi said. "The youth of India understands technology and the importance of technology very well.Increased usage of technology brings transparency in systems".