Business

Business Flight cancellations at University Park Airport
Author: 0 Flight cancellations at University Park Airport

Kennedy International Airport. Hundreds of flights have been canceled in advance of an upcoming winter storm. Airlines such as American Airlines, Southwest and JetBlue have already told travelers to change their flights as cancellations would likely happen.

Business Massive snow storm bears down on Capital Region
Author: 0 Massive snow storm bears down on Capital Region

Louis. Chance of precipitation is 100 percent. The city said it does not plow residential streets until a storm is at or near its end or at least three inches or more of snow has accumulated on roads. The southeastern part of the state especially will see temperatures drop into the lower teens at night, which - in conjunction with freezing rain - will make driveways and roadways slippery.

Business Oil prices fall to three month-low amid growing U.S. supply
Author: 0 Oil prices fall to three month-low amid growing U.S. supply

It closed the previous session down 1.6 percent at $51.37. Goldman has preserved its second-quarter price outlook for the U.S. benchmark West Texas Intermediate crude, it is then priced at a $57.50 a barrel and copper on the London Metal Exchange at $6,200 a ton.

Business After Jio and Airtel, Idea Cellular announces free incoming roaming calls
Author: 0 After Jio and Airtel, Idea Cellular announces free incoming roaming calls

Along with free incoming, the company has also announced various worldwide roaming value packs. This facility will be available on both prepaid and postpaid connections across 2G, 3G and 4G networks. Global roaming rates can be costly on general basis with an outgoing call charged at around Rs 150/minute and incoming calls could cost up to Rs 50 per minute, whereas SMS at Rs 15 per text message.

Business OPEC detects 'high compliance' with oil cut deal
Author: 0 OPEC detects 'high compliance' with oil cut deal

He added that OPEC's task was more hard as it aimed to cut inventory levels rather than simply target a specific price. Last week oil cut through the 100 and 200-day moving averages along with support around $50. Its next meeting is May 25th in Vienna. The rally stalled this year as USA output and supplies continued to grow. But while the participating countries have indeed taken about 1.1 mb/d off the market, they did so from their peak levels, and those cuts were offset by rising output ...

Business Independence Realty Trust, Inc. (IRT) Broker Price Targets For The Coming Week
Author: 0 Independence Realty Trust, Inc. (IRT) Broker Price Targets For The Coming Week

Nisa Investment Advisors LLC now owns 5,800 shares of the real estate investment trust's stock worth $122,000 after buying an additional 5,000 shares during the last quarter. During the same period in the prior year, the company posted $0.25 earnings per share. Cedar Realty Trust had 5 analyst reports since August 12, 2015 according to SRatingsIntel.

Business Costa hopes for Hazard stay amid Spanish interest
Author: 0 Costa hopes for Hazard stay amid Spanish interest

Diego Costa is anxious that Chelsea team-mates Eden Hazard and Thibaut Courtois could both be tempted to leave for Real Madrid . Real Madrid have been regularly linked with him this season, while Barcelona have also been touted as a possible destination.

Author: 0 Russian Federation reacts to steep drop in oil prices

Crude oil continued to fall on Monday in the global markets, as rising inventories in the United States and revived drilling activity in the country cancelled out the expectations that OPEC's attempts to restrict crude production would yield results.

Business Asda kicks off supermarket petrol price war
Author: 0 Asda kicks off supermarket petrol price war

Following today's news that the grocery price war might be starting to ease off, another price war is looming between Tesco, Asda and Morrisons as they each drop their petrol and diesel prices. Average diesel wholesale prices have hit a plateau of about 35.5ppl over the past month. Tesco is cutting prices for petrol and diesel by 2ppl at their 500 United Kingdom fuel stations.

Business Feb WPI inflation hits 39-month high at 6.5%
Author: 0 Feb WPI inflation hits 39-month high at 6.5%

Wholesale prices rose 5.25 percent year-on-year in January compared with a 1.07 percent fall a year ago. According to a report by Nomura, it had said that WPI inflation is expected to rise in the next three months and is likely to average around 4.4% in 2017, much higher than 2% in 2016.

Author: 0 Investors Real Estate Trust

The research firm Downgrade the stock to Hold. Breton Hill Capital Ltd. now owns 39,291 shares of the real estate investment trust's stock worth $234,000 after buying an additional 12,870 shares during the period. 12/12/2016 - Pennsylvania Real Estate Investment Trust was downgraded to "hold" by analysts at Stifel Nicolaus. Revenue is expected in between 61.49 Million and 61.43 Million with an average of 61.46 Million.

Business Fed, in shift, may move to faster pace of rate hikes
Author: 0 Fed, in shift, may move to faster pace of rate hikes

US employers added a robust 235,000 jobs in February and raised pay at a healthy pace, making it all but certain that the Federal Reserve will raise short-term interest rates next week. If the US federal government significantly increases its spending, that will put more upward pressure on inflation, but this is far from guaranteed. Worth noting, the underlaying data inside the report indicates the rise in wages will likely continue and could even improve.

Business Intel to Pay $15.3B for Driverless Car Tech Company
Author: 0 Intel to Pay $15.3B for Driverless Car Tech Company

The company makes driver assistance systems and is enhancing the technology for self-driving cars. Intel and Mobileye have both participated in a couple of self-driving partnerships for most of the previous year, and the companies have discovered that they work well together.

Business Preet Bharara declined to answer phone call from Donald Trump citing protocol
Author: 0 Preet Bharara declined to answer phone call from Donald Trump citing protocol

Some additional U.S. Attorneys appointed by President Obama have already resigned their offices. "By asking for the immediate resignation of every remaining United States attorney before their replacements have been confirmed or even nominated, the president is interrupting ongoing cases and investigations and hindering the administration of justice".

Business David Miami, Heinz Bring Don Draper Pitch to Life
Author: 0 David Miami, Heinz Bring Don Draper Pitch to Life

Rather, it featured shots of food - french fries, a hamburger, a piece of steak - that do well with ketchup. "It only means one thing". In the show's sixth season, Don pitches an idea that's "clean, simple and tantalizingly incomplete" for Heinz ketchup.

Author: 0 N Korea security threat to be focus of Tillerson's Asia trip

This modus operandi was evident in the assassination of Kim Jong-nam. If it pushes too hard it could create a political crisis that could lead to the downfall of the Kim dynasty and the unification of Korea. "The impeachment has brought about an opportunity to reset China-Korea relations, which have sunk to rock bottom", Shen said. In an effort to show Seoul the costs of hosting Thaad, Beijing has ordered a suspension of the sale of tour packages to South Korea and denied visas to Korean ...

Business Toshiba asks for second third-quarter extension, expands Westinghouse probe
Author: 0 Toshiba asks for second third-quarter extension, expands Westinghouse probe

The company plans to review the positioning of its USA nuclear power unit Westinghouse and "aggressively consider strategic options for it", the company said in a regulatory filing. The report said Toshiba aims for a swift decision regarding Toshiba Tec, having selected an advisory firm to assist in searching for buyers and offer procedural support.

Business Intel buys driverless vehicle company Mobileye for $15bn in record-breaking deal
Author: 0 Intel buys driverless vehicle company Mobileye for $15bn in record-breaking deal

More details to come on this breaking news story. (INTC - Free Report) announced a huge move in the self-driving vehicle race, buying Israeli firm Mobileye NV (MBLY - Free Report ) for a reported $15.3 billion . The acquisition will allow Intel to merge its own work on autonomous technologies with Mobileye's , headquartering its research in Jerusalem, the two companies said in a joint release .

Business US Fed expected to hike interest rates tomorrow, second in four months
Author: 0 US Fed expected to hike interest rates tomorrow, second in four months

Nonfarm payrolls increased by 2,35,000 jobs last month as the construction sector recorded its largest gain in almost 10 years due to unseasonably warm weather, the Labor Department said on Friday. The February jobs report was very much like January's . Politico's Chief Economic Correspondent was quick to point out that these numbers are about the same for the last few Februarys.

Business After poll debacle, Irom Sharmila heads to Kerala for month-long sojourn
Author: 0 After poll debacle, Irom Sharmila heads to Kerala for month-long sojourn

To form a government in Manipur, a party needs to secure 31 votes in the 60 member Manipur assembly. She announced that she was quitting politics. Shattered by the incident, the now-famous activist began a fast the very next day, against the draconian Armed Forces Special Powers Act (AFSPA), which allowed the armed forces to carry out atrocities without fear of the law.

Business BJP hijacks Manipur, Biren Singh set to become new Chief Minister
Author: 0 BJP hijacks Manipur, Biren Singh set to become new Chief Minister

Biswajit Singh proposed the name and (it was) seconded by Nemcha Kipgen. In another development, Manipur Chief Minister Ibobi Singh, in a sudden turn-around, on Monday evening announced that he will tender resignation within 24 hours. However, CM Singh said that no one has defected from the Congress yet. Yesterday, the agriculture minister in the outgoing ministry, Abdul Nasir, flew the Independent MLA from Jiribam, Ashab Uddin, to Imphal via Silchar (the nearest airport to Jiribam) and ...

Business No restrictions on cash withdrawal from banks and ATMs starting today
Author: 0 No restrictions on cash withdrawal from banks and ATMs starting today

The Reserve Bank of India had announced last month that the all caps on cash withdrawals would end on March 13. Gradually, the central bank lifted restrictions. The limits were placed following the 8 November demonetisation of Rs 1,000 and Rs 500 notes. "This amount itself would have now increased to beyond Rs 12 lakh crore", he said in Lok Sabha during Question Hour.

Business Intel's $15 billion purchase of Mobileye shakes up driverless car sector
Author: 0 Intel's $15 billion purchase of Mobileye shakes up driverless car sector

The $ 63.54 per share transaction is the largest technology conquest in Israel's history and the first purchase of a company primarily emphasized in the self-driving sector. Intel estimated in its press release for the acquisition the market opportunity might be up to $70 billion by 2030. In January of this year, Intel announced that it would be buying a 15% stake in HERE, an embedded navigation solutions provider.

Business Girl Scout cash box thief behind bars
Author: 0 Girl Scout cash box thief behind bars

Now there are over 3.7 million members in America. Membership is organized by age, and there are different activities available at each level, all suited to the individual needs of each age group. The mission of Girl Scouts is building girls of courage, confidence and character to make the world a better place. Girl Scout Day is the ideal day to pay homage to all that Juliette Gordon Low did for millions of girls the world over.

Business How to Watch the NCAA Tournament Selection Show Live Stream Online
Author: 0 How to Watch the NCAA Tournament Selection Show Live Stream Online

Villanova enters the NCAA Tournament at 31-3 on the season, with a flawless 8-0 record in neutral site games after capping Saturday's Big East championship with a resounding win over Creighton. "I like their chances". Also, beware of conference tournament upset winners. "It was definitely hard, I'm not going to lie", he said. The last three came against teams that will be in the NCAA Tournament, and seeded very highly.

Business Intel acquires self-driving vehicle tech company Mobileye for $15.3 billion
Author: 0 Intel acquires self-driving vehicle tech company Mobileye for $15.3 billion

Intel CEO Brian Krzanich said during a conference call today that the deal combines "the eyes of the autonomous vehicle with the intelligent brain that actually drives the auto". "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers", he said in a statement.

Business Ackman bails on Valeant, losing $3 billion
Author: 0 Ackman bails on Valeant, losing $3 billion

The 52-week range of the stock is $11.36 to $70.43. The company has a 50-day moving average price of $14.37 and a 200-day moving average price of $19.09. Ackman's move is a bit of a surprise because the activist fund manager behind insurgent fund Pershing Square Capital Management has steadfastly supported Valeant, arguing late past year that the company could find its way out of a multi-billion-dollar debt swamp by selling non-core assets.

Business State budget will strengthen rural economy: Telangana CM
Author: 0 State budget will strengthen rural economy: Telangana CM

The Chief Minister is hopeful that the budget will strengthen the rural economy. Eatala said that the budget reflects Chief Minister K. Chandrashekar Rao's concern for the welfare of the poor and economic development of the State, as was the case with the previous three budgets.

Business Chelsea Get Spurs, Arsenal Draw Manchester City - FA Cup Semi-Final Draw
Author: 0 Chelsea Get Spurs, Arsenal Draw Manchester City - FA Cup Semi-Final Draw

But former Tottenham captain Mabbutt, who led them to a 2-1 win over Nottingham Forest in the FA Cup final 26 years ago, insists that Mauricio Pochettino's side should not fear any of their potential opponents. Man City cruised into the semi-finals after claiming a 2-0 win over Middlesbrough on Saturday afternoon. Despite the thrills and shocks served up by the likes of Lincoln, Sutton and Millwall, four of the Premier League's current top five are left in the competition.

Business Voices: Health care bill not good for America
Author: 0 Voices: Health care bill not good for America

The estimate of the drop in coverage is even larger than many analysts had predicted. That would leave hospitals, state and local governments, or privately insured patients to foot the bill. "The question is, are we providing a system where people have access to health insurance if they choose to do so?" Advocates are mainly anxious about the bill's overhaul of Medicaid expansion.

Business Vail Resorts, Inc. (MTN) Price Target Raised to $205.00 at Stifel Nicolaus
Author: 0 Vail Resorts, Inc. (MTN) Price Target Raised to $205.00 at Stifel Nicolaus

Institutional investors and hedge funds own 93.34% of the company's stock. Norges Bank purchased a new position in Vail Resorts during the fourth quarter valued at about $50,522,000. If you are accessing this piece on another website, it was illegally copied and republished in violation of worldwide trademark and copyright legislation.

Business Stocks flat ahead of Fed meeting
Author: 0 Stocks flat ahead of Fed meeting

U.S. February employment data published on Friday further cleared the way to an interest rate rise, with the economy adding another 235,000 jobs. "We're just at a different place now than in 2013 when there was a lot of angst and uncertainty about the economy's prospects", said Mark Zandi, chief economist at Moody's Analytics.

Business Vista Equity Acquires DH Corporation For $4.8 Billion
Author: 0 Vista Equity Acquires DH Corporation For $4.8 Billion

Misys technology covers lending, treasury, capital markets and investment management. The C$25.50-a-share cash offer announced Monday is an 11 percent premium above DH Corp.'s closing price Friday of C$23.04 a share, and 36 percent above where shares closed on December 5, before reports that the company was exploring strategic alternatives.

Business President Donald Trump to make first MI visit as President this week
Author: 0 President Donald Trump to make first MI visit as President this week

This will be Trump's first visit to MI since he was inaugurated as President in January and the first time to metro Detroit since Election Day. The administration has made a decision to review the feasibility of the 2022 through 2025 vehicle emissions rules, sources told Reuters last week, after the Obama administration moved in its final days to keep them.

Business Brexit is making monthly rent fall in Britain
Author: 0 Brexit is making monthly rent fall in Britain

Recent falls in London and the South East are small in the context growth in recent years. Fears over the effects of Brexit on the nations financial capital, combined with a sudden supply glut, pushed prices down. "That is likely to limit rental growth". John Goodall, chief executive of Landbay, pointed out that whatever happens, United Kingdom renters are struggling.

Business Gordmans declares bankruptcy, liquidates all stores
Author: 0 Gordmans declares bankruptcy, liquidates all stores

The company, founded in 1915, has reported losses in five of the past six quarters , including $4.8 million in the most recent period. Gordmans is planning a liquidation of its inventory and assets, including Gordmans' retail stores and distribution centers, according to a news release.

Author: 0 H&R Block, Inc. (HRB): What's the Story?

The Company got Downgrade by Morgan Stanley on 16-Nov-16 from Overweight to Equal-Weight. Several institutional investors have recently modified their holdings of HRB. now owns 5,343 shares of the company's stock worth $122,000 after buying an additional 695 shares during the last quarter. Today, BMO Capital Markets reiterated its Hold rating on H & R Block (NYSE:HRB).

Author: 0 USA jobs report signals Fed will raise interest rates

Thailand's central bank is not anxious if the Federal Reserve raises USA interest rates this week and it expects no impact on Thai financial markets, the governor said on Monday. Trump early a year ago praised Yellen and extolled the value of keeping interest rates low. Annual wage growth is running at 2.8%. Some economists also made clear they saw major risks despite the potential for Trump to deliver higher growth.

Business Republicans propose a ruinous plan to replace the ACA
Author: 0 Republicans propose a ruinous plan to replace the ACA

Trump insisted it would be a vast improvement over Barack Obama's signature health care reform. Until then, it's hard to know what to expect. "You have premiums going up, you've got deductibles where people have an insurance card but they don't have any coverage, have a third of the counties in this nation that only have one insurer offering coverage, five states with only one insurer offering coverage", Price said in a pre-recorded interview broadcast Sunday on NBC's " Meet the Press ".

Business SSE set to increase electricity prices
Author: 0 SSE set to increase electricity prices

The big six supplier stated that this rise "reflects the increasing cost of supplying electricity", and that these costs are "levied predominantly against electricity customers". "Five have announced hikes, and British Gas is freezing prices until August, and will, I suspect, increase prices then". Stephen Murray, energy expert at MoneySuperMarket, adds: "Now is the time to take action and lock in a fixed deal, before increasing prices get the better of your bills and you face inflated costs".

Business Amec Foster Wheeler Shares Top Stoxx 600 After Wood Group Takeover
Author: 0 Amec Foster Wheeler Shares Top Stoxx 600 After Wood Group Takeover

The six-year contract builds on Amec Foster Wheeler's significant expertise in petrochemicals and refinery integration, alongside the impressive track record of delivering PMC services to KPC companies in Kuwait. In the previous year, Amec Foster Wheeler and Wood Group shares have risen 17% and 24% respectively. It is understood that Amec Foster Wheeler has been reviewing a number of initiatives to add financial muscle; a £500m rights issue mid-March was one of the options floated.

Business Arkansas Unemployment Rate Drops To 3.8 Percent
Author: 0 Arkansas Unemployment Rate Drops To 3.8 Percent

In another sign of tightening conditions, the average work week for all private sector employees increased from 33.4 to 33.8 hours. The U.S. unemployment rate is 4.8 percent for January 2017. The state's unemployment rate for the same time period a year ago was 3.9%. Alaska's rate had been worse than New Mexico's, but it rose slightly in January, leaving New Mexico behind, according to the Department of Labor.

Business Capital controls end as Iceland recovers from 2008 collapse
Author: 0 Capital controls end as Iceland recovers from 2008 collapse

Back in 2012, the fishing, aluminium, and tourism industries generated an nearly equal amount of wealth in the structure of Iceland's GDP (around 200-250 bln kronur in export value each), according to Statistics Iceland and Islandsbanki. The central bank might lower its benchmark rate again on Wednesday from 5 percent to 4.75 percent, Arion Bank said. That trapped many foreign investors who had flocked to Iceland, lured by its high yields.

Business CRA shuts down online tax filing over Internet vulnerability
Author: 0 CRA shuts down online tax filing over Internet vulnerability

According to a notice posted to the website, the CRA took down its online services after becoming aware of an internet vulnerability. The CRA says the services were taken offline as a precaution and its website was not hacked. The agency said tax returns that had already been filed were processed normally while the services were down and that Canadians should not "expect a delay in getting their refund".