Business

Author: 0 UK's Co-operative Bank says received several bids in sale process

The mutual slumped to a pre-tax loss of £132 million for 2016 after the value of its 20% holding in the Co-operative Bank was slashed from £185 million in 2015 to zero. But it is thought the sale - set to save the lender from raising up to £750 million or being wound down - could see bidders snap up parts of the bank rather than the whole business.

Business IRS assigns some old debts to private collection agencies
Author: 0 IRS assigns some old debts to private collection agencies

The IRS said Tuesday it would start sending letters out this month to taxpayers whose longtime unpaid tax debts are being farmed out to authorized private debt collection firms. Toll-free assistors do not have any more updated information than what's available on the tool. The IRS will begin with 100 referrals to each of the four collection companies per week and will ramp up to 1,000 referrals per week.

Author: 0 Ford unveils China-focused new energy auto strategy

Fields will further expound upon Ford's strategy this Saturday at an event taking place in Shanghai. Ford's plan involves localized production of the new Mondeo Energi plug-in hybrid in Chongqing by early 2018; Changan Ford now builds the recently-launched Mondeo Hybrid at Chongquing.

Author: 0 EIA Reports Surprise Build in Domestic Oil Supplies

Worryingly, stocks at the Cushing terminal in Oklahoma - the key delivery hub for US crude futures traded on the New York Mercantile Exchange - was up 1.41 million barrels from previous week's level to a record 69.14 million barrels. USA fuel inventories and oil production levels are key to whether the United States remains the world's biggest oil importer, helping to support prices, or if soaring output and large stocks cut imports, which would weigh on oil markets.

Business Uber driver told he will be accused of rape
Author: 0 Uber driver told he will be accused of rape

Dash-cam footage, which was posted online this week, showed the female passenger furiously accosting the male driver for almost 9 minutes - even going so far as to say "Donald Trump going to send you and your family back [to your country]".

Author: 0 Oil prices jump after US launches missile strike in Syria

At a news conference with King Abdullah of Jordan on Wednesday, Trump said the apparent chemical attack, "crossed a lot of lines for me". The US military launched 59 Tomahawk missiles from two US Navy destroyers today at a Syrian airfield and targets included aircraft and air defence systems, a Pentagon spokesman said.

Author: 0 Google Launches Live YouTube TV Streaming Service, Monthly Plan Set for $35

YouTube also said Wednesday it will also add several AMC Networks-owned channels, including the flagship that carries " Walking Dead " plus IFC - plus BBC America and BBC World News. Google bases some of the channels off of your set location (for instance, those in Philadelphia can watch NBC 10 and 6ABC), so you'll have to have Global Positioning System on at all times to watch YouTube Live.

Author: 0 Syria 'violated convention' with chemical attack, United States launches missiles

Striking Assad could put the United States on a collision course with Russian Federation, which intervened on the Syrian president's side in 2015, turning the tide of the conflict against mostly Sunni Muslim rebel groups in his favour.Trump has until now focussed his Syria policy nearly exclusively on defeating Islamic State militants in northern Syria, where USA special forces are supporting Arab and Kurdish armed groups.

Author: 0 Taiwan: US relations won't be harmed by Trump Xi meeting

Trump infuriated Beijing when, as president-elect, he took a call from Taiwan's president and suggested he might not abide by the policy. Last week, the president predicted in a tweet that his meeting with Mr Xi would be " very difficult ".

Business United Kingdom caps tax credit for families at two children
Author: 0 United Kingdom caps tax credit for families at two children

Earlier this week, charities such as SWA, Rape Crisis Scotland (RCS) and Engender pledged not to become "third parties" in enforcing the policy across Scotland. If your child was born before today, credits for three or more children will still be applicable. "Child poverty obviously means a worse upbringing for children but it also has longer-term implications".

Author: 0 EPA decides against ban on use of chlorpyrifos on fruits and vegetables

While the study was going on, the ban on indoor uses of chlorpyrifos came into effect. In 2015, the agency proposed banning farmers from using the pesticide. After the Obama administration proposed a ban in 2015, a court order compelled the agency to issue a final rule by the end of March. Chlorpyrifos is used as an insecticide against plant pests of numerous crops, including some meant for human consumption.

Business Hudson's Bay Company Names Dr. Wolfgang Link CEO of HBC Europe
Author: 0 Hudson's Bay Company Names Dr. Wolfgang Link CEO of HBC Europe

Earlier this year, HBC abandoned talks to acquire US giant Macy', they said. In Canada, HBC faces tougher competition in the luxury segment following the arrival of US - based Nordstrom Inc. "The past year was a disruptive one for the retail industry", said CEO Jerry Storch. He also said the company continues to believe that there is still "tremendous value" in its real estate holdings, which include some of the most valuable retail properties in Toronto, New York and Europe.

Business Irena says 2016 record breaking year for renewables
Author: 0 Irena says 2016 record breaking year for renewables

Wind , solar, biomass and waste-to-energy, geothermal, small hydro and marine sources added 138.5 gigawatts to global power capacity in 2016, up nearly 9 per centfrom the 127.5 gigawatts added the year before. Renewables were the biggest new source of electricity a year ago as the cost of building new wind and solar farms fell. Net-generation from renewable energy sources in Germany increased from 6.3% in 2000 to 34% in 2016.

Author: 0 Amtrak: Weakened wooden railroad tie caused derailment

Amtrak is responsible for maintenance of the tunnels and tracks at Penn Station. Customers on trains arriving/departing New York Penn Station may experience delays up to 50 minutes during rush hours and up to 25 minutes during non-rush hours.

Author: 0 Trump presses China on North Korea; another bluff could hurt him

April 6 US stocks were higher on Thursday morning, led by financial and consumer discretionary companies, but gains were kept in check by cautious trading ahead of the Trump-Xi meeting and on uncertainty about quick USA fiscal stimulus. Congress just months after Washington switched diplomatic recognition from Taipei to Beijing governs U.S. relations with Taiwan in the absence of official ties.

Author: 0 How Amazon Could End Google and Facebook's Stranglehold on the Advertising Market

The company had a trading volume of 214,252 shares. Alphabet comprises 9.2% of Honeycomb Asset Management LP's portfolio, making the stock its 2nd largest position. During the same quarter a year ago, the business earned $8.67 earnings per share. On average, analysts forecast that Alphabet Inc will post $33.26 earnings per share for the current year.

Business Sprint goes all in on its unlimited data plan
Author: 0 Sprint goes all in on its unlimited data plan

Only a few weeks ago the wireless carrier market saw a sudden shift to unlimited plans when Verizon made the move to offer them again. With the new plan, both new and existing customers can indulge in award-winning shows such as Game of Thrones, Big Little Lies, VEEP and several more .

Author: 0 Why Trump is bombing Syria, explained in 2 sentences

Praising a military strike that will likely lead to casualties and a confrontation with Russian Federation, is hard, but Trump sent a necessary message, one to which he needs to remain true. September 27, 2013: The U.N. Security Council orders Syria to account for and destroy its chemical weapons stockpile, following a surprise agreement between Washington and Moscow, averting USA strikes.

Author: 0 After Syrian Chemical Attack, Republicans Get Back To Their Hawkish Roots

The US has blamed the attack on Tuesday on the Russia-backed Syrian government and it is understood detailed discussions on military options had taken place and maybe ongoing, reported the BBC. "We sought the Russian analysis or readout of what they thought had happened" in the poison gas attack, the official said on condition of anonymity.

Author: 0 Equal Pay Day celebrated Tues. across US

Still, women's median earnings are lower than men's in almost all occupations, whether they work in occupations predominantly done by women, occupations predominantly done by men, or occupations with a more even mix of men and women. National Equal Pay Day , was enacted to raise awareness about the wage discrepancy in our country. Representative Sean Patrick Maloney (NY-18) released the following statement on Equal Pay Day, which symbolizes when, more than three months into the year, women's ...

Author: 0 Uber, Lyft Drivers in Massachusetts Fail New Background Check

The state also identified 51 sex offenders. Both companies let people summon rides using smartphone apps, but Lyft has cultivated a reputation as a more socially responsible and driver-friendly version of the service. "The new screening includes unfair and unjust indefinite lookback period that has caused thousands of people in MA to lose access to economic opportunities", the company said in a statement.

Author: 0 Japanese PM says further provocative action is possible from North Korea

U.S. President Donald Trump says North Korea will top the agenda during his meeting with Chinese President Xi Jinping later this week. When North Korea test-fired this missile in February, South Korean officials said it flew about 500 kilometers (310 miles) before landing in global waters.

Author: 0 Sen. McCaskill to vote 'no' on Gorsuch, Missouri GOP reacts

McCaskill said her decision was "really hard", adding, "While I have come to the conclusion that I can't support Neil Gorsuch for the Supreme Court - and will vote no on the procedural vote and his confirmation - I remain very anxious about our polarized politics and what the future will bring, since I'm certain we will have a Senate rule change that will usher in more extreme judges in the future".

Author: 0 Trump administration discussing military options on Syria

At the time, Obama's potential actions were considered dubious under law, as Syria had neither attacked the United States nor had the United Nations authorized military intervention. Any US military action against Assad's forces is complicated by the sustained presence of Russian personnel and aircraft in areas controlled by the regime.

Business Farage jeered for 'mafia' slur in EU parliament
Author: 0 Farage jeered for 'mafia' slur in EU parliament

Deputies voted 516 to 133 in favour of the resolution which lays out the guiding principles for a withdrawal settlement, including a "divorce bill" exit charge. A Spanish warship sailed into disputed waters off Gibraltar yesterday (4 April), the British overseas territory said, at a time of high tension between London and Madrid over the fate of the Rock.

Author: 0 Nepotism vs. Nationalism in West Wing Showdown - Kushner Clashes with Bannon

Chief White House strategist Steve Bannon referred to President Donald Trump's son-in-law Jared Kushner as a "globalist" and a "cuck", while venting to people inside the White House about the man who insiders say he openly clashes with. "General McMaster has returned the NSC to its proper function". Mr Bannon's myriad enemies, both inside and outside the White House, celebrated what they saw as a defeat for his brand of firebrand politics.

Business FOREX: CBN offers $100m for wholesale
Author: 0 FOREX: CBN offers $100m for wholesale

Trading at the interbank market saw the naira closed at N306.25. On Wednesday, the central bank offered an additional $10,000 to bureaus de change besides the earlier one disbursed on Tuesday, making it a total of $20,000 per week to each member.

Author: 0 Trump says China should step up on NKorea

The fanfare over the summit on Thursday was overshadowed by another pressing foreign policy issue: the US response to a deadly poison gas attack in Syria. Matt Pottinger, a top White House Asia expert who was tasked with planning the summit, promised a "relaxed interaction" despite a backdrop of tensions over trade and North Korea.

Author: 0 Analysts At JP Morgan Reiterated Barratt Developments (LON:BDEV) As Neutral

Diageo plc with EPIC/TICKER LON:DGE has had its stock rating noted as "Reiterates" with the recommendation being set at "OUTPERFORM" this morning by analysts at Credit Suisse. The company was maintained on Friday, August 21 by Deutsche Bank. The firm earned "Neutral" rating on Wednesday, July 29 by Bryan Garnier & Cie. The rating was maintained by National Bank Canada on Wednesday, February 1 with "Sector Perform".

Author: 0 Samsung tips huge jump in profit as heir to stand trial

The company is set to release the finalized earnings report later this month. While Samsung will not provide detailed earnings results until the end of April, analysts tipped its chip division to earn a record 5.8 trillion won and propel the firm to its best overall operating profit since the third quarter of 2013.

Business Sunoco is selling most convenience stores to 7-Eleven
Author: 0 Sunoco is selling most convenience stores to 7-Eleven

USA store count increased over the past decade from 5,500 to 8,900. Seven & i said it expects to carry out the acquisition from Texas-based Sunoco in August. If 7-Eleven continues to expand its footprint and transform into a grocery destination like its rivals, several private companies could start to lose their dominating power in the U.S.

Author: 0 Senate prepares for nuclear showdown

None of those Democrats supported the rules change, however. Warren spoke on the Senate floor in 2013 to castigate Republicans who opposed then-President Obama's judicial nominations. "It was a warfare tactic". After the Democrats assembled the forty-one votes needed to prevent the end of debate under current rules, the constitutional option allowing cloture on a simple majority became the only remaining path to placing Gorsuch on the Court.

Business US Congress makes move to repeal data privacy laws
Author: 0 US Congress makes move to repeal data privacy laws

But opponents see the bill as a handout to corporate entities like Comcast and Time Warner at the expense of internet users, which is why they are hoping to convince President Trump to use the first veto of his presidency to return the bill to Congress.

Business Tesla Sells A Record 25000 Units In The First Quarter Of 2017
Author: 0 Tesla Sells A Record 25000 Units In The First Quarter Of 2017

Elon Musk's Tesla has accelerated past expectations to deliver just over 25,000 cars in the first three months of the year, an increase of 69 per cent on the same time last year. It isn't new for the company to miss both vehicle delivery and production targets. The American manufacturer Tesla had a good start to the year 2017, recording two quarterly recordsGood start to the year for Tesla .

Author: 0 Freedom Caucus' Jordan: Tweets and blame 'don't change facts'

A top adviser to President Donald Trump has urged the defeat of a MI congressman and member of a conservative group of U.S. House lawmakers who derailed the White House on legislation to repeal and replace the Obama-era health care law. Justin Amash, a Freedom Caucus member from MI. And the White House is sending contradicting signals on the new tax, adding to the uncertainty. "Tweets and statements and blame don't change facts", Jordan stated.

Business Keystone XL opponents promise to fight
Author: 0 Keystone XL opponents promise to fight "tooth and nail" in Nebraska

One of Trump's first acts after taking office in January was to give a conditional go-ahead for the controversial cross-border project, which Obama had put on hold. Oil industry advocates say the pipeline will improve USA energy security and create jobs, although how many is widely disputed. "We've stopped the toxic Keystone XL Pipeline once, and we will do it again", he said.

Business Colorado routes among 11 US finalists for Hyperloop system
Author: 0 Colorado routes among 11 US finalists for Hyperloop system

Another Colorado proposal includes a 242-mile route that would connect Wyoming to Pueblo, and the third proposal would run 1,152 miles between Cheyenne and Houston. Executives from Hyperloop One joined leading policymakers and transportation experts here today to reveal details of select Hyperloop routes in the United States and to initiate a nationwide conversation about the future of American transportation.

Business Sotheby's April 2017 Hong Kong Sales Achieve $406.1 Million
Author: 0 Sotheby's April 2017 Hong Kong Sales Achieve $406.1 Million

A December 2016 Bain and Company report said this generation brought jewelry makers " a compelling opportunity ", and Chow Tai Fook has been quick in recent years to take advantage of it. "I know there was a lot of talk about the economy in China not being as positive as it was a few years ago", but the results from its jewelry auction Tuesday, which included almost 200 other lots, were very strong, she said.

Business Pier 1 Imports, Inc. (NYSE:PIR) Under Analyst Spotlight
Author: 0 Pier 1 Imports, Inc. (NYSE:PIR) Under Analyst Spotlight

Public Employees Retirement System of OH now owns 28,411 shares of the company's stock valued at $146,000 after buying an additional 5,853 shares in the last quarter. had its "neutral" rating reiterated by analysts at Guggenheim. Zacks Investment Research downgraded shares of Pier 1 Imports from a "buy" rating to a "hold" rating in a report on Wednesday, February 15th.

Author: 0 Oil Stockpiles Dropping, Will Production Cuts Follow?

US stockpiles shrank by 1.83 MMbbl last week, the industry-funded API was said to report , while government data due Wednesday is also forecast to show a decline. The group pumped 32.095 million barrels a day last month, based on information compiled from analysts, oil companies and ship-tracking data. Iraq , the second-largest producer in OPEC, said it would cut 200,000 bpd.

Author: 0 Asian stocks mostly lower as region awaits Trump-Xi meeting

Whatever dealings go down between Xi and Trump at Mar-a-Lago, they'll have to happen somewhere else. "The market is only starting to factor in recent developments regarding North Korea, and it now wants to figure out the geopolitical implications of the U.S".

Author: 0 US general confident North Korean missile can be intercepted

We hope that they will be able to reach agreement on the host of issues before them, especially those which affect and involve us - on Trump's efforts to build up the U.S. Secretary of State Rex Tillerson subsequently suggested that China be barred from the artificial islands it has built in the South China Sea . China says it is doing all it can and has said it is up to the United States to de-escalate with Pyongyang.

Business Coal miner Cloud Peak urges Trump to stay in Paris climate deal
Author: 0 Coal miner Cloud Peak urges Trump to stay in Paris climate deal

Donald Trump has called global warming a "hoax", and the sweeping national rejection of coal a "war". Before you answer, keep the following in mind. The opposition to the Clean Power Plan isn't just about the 2030 goals, Dan Byers, vice president for policy at the U.S. Chamber of Commerce's Energy Institute, said in a phone interview.

Author: 0 Ecuador's Lenin Defeats Banker in Presidential Election

The comments of the leader of the right contradict affirmations of the National Electoral Council (CNE) and the missions of worldwide observation, that assured and verified in situ the transparency of the process. It is unclear whether Lasso's claims, or demands for a recount, will be heeded. The group refrained from saying which candidate was leading until the electoral authorities made their pronouncement.

Author: 0 House leaving town with GOP health care bill in shambles

The House Rules Committee will consider an amendment to the American Health Care Act to fund high-risk pools in states in an attempt to show progress on the GOP's plan to repeal and replace Obamacare before the House goes on a two week recess starting Friday.

Author: 0 Passage Of Tax Reform GST Bills: A New Start

The Central Goods and Services Tax (CGST) Bill, 2017, along with three other GST Bills were moved for consideration in the lower house. After an 8-hour long debate, The Lok Sabha passed all four bills corresponding to GST or Goods and Services Tax crucial to the launch from July 1 of the country's biggest tax reform since Independence.

Author: 0 Bill to amend customs, excise Acts introduced in Lok Sabha

The Goods and Services Tax (GST) Council has cleared five amended rules of the GST bill and has tentatively approved the other four. The Lower House of Parliament passed the Bills by voice vote, after Speaker Sumitra Mahajan initiated clause-by-clause voting at the end of a long debate on GST, billed as the country's biggest tax reforms since Independence.

Business Trump's Border Wall May Trap Some Americans on Mexico Side
Author: 0 Trump's Border Wall May Trap Some Americans on Mexico Side

Kelly said he was consulting with U.S. Customs and Border Protection officials about where additional fencing along the almost 2,000-mile border was most needed, adding that he had been given "a lot of elbow room" on the issue. US President Donald Trump is welcomed as he speaks to commanders and coalition representatives during a visit to U.S. Central Command and USSpecial Operations Command at MacDill Air Force Base in Tampa, Florida, Monday.