Business

Business HSBC Stock Dips On Wider Q4 Loss; Plans $1 Bln Share Buyback
Author: 0 HSBC Stock Dips On Wider Q4 Loss; Plans $1 Bln Share Buyback

Iain Mackay, HSBC's group finance director, said 2016 had presented a hard operating environment for the bank with regulatory and geo-political uncertainties. Still, the shares have risen by about 46 per cent since the United Kingdom voted to leave the European Union on June 23, the most of any major European bank.

Author: 0 Dallas surgeon sentenced to life in prison for maiming elderly patient

Duntsch was charged in 2015 with five counts of aggravated assault causing serious bodily injury and one count of injury to a child, elderly or disabled person. "I trusted that he would do what was right". Don Martin, joined by his daughter, said they were thankful for the verdict. The medical board cited abuse of care with six patients when they revoked his license.

Author: 0 Popeyes to be sold to Burger King's parent company for $1.8B

Popeye's was founded in 1972 by Al Copeland Sr., in 1972. Following the closing of the transaction, Popeyes will continue to be managed independently in the USA, while benefitting from the global scale and resources of RBI. Popeyes shares soared on the news, reaching US$79.03 in early morning trading, a jump of about 19.5 per cent from Friday's close. SG Americas Securities LLC bought a new stake in shares of Popeyes Louisiana Kitchen during the third quarter worth $231,000.

Business Anglo American weather commodity crisis, doubling profit over 2016
Author: 0 Anglo American weather commodity crisis, doubling profit over 2016

Attendees stand in front of a promotional sign for the Anglo American Plc mining company at the 20th annual Investing in African Mining Indaba in Cape Town, South Africa, on February 10, 2015. Cheif executive Mark Cutifani said "asset disposals for the purposes of deleveraging are no longer required". Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock.

Business Alibaba's Ant Financial invests $200M in messaging platform Kakao
Author: 0 Alibaba's Ant Financial invests $200M in messaging platform Kakao

With this investment, Alibaba's Ant Financial is now looking to extend the reach of its digital payment services to the 48 million users on Kakao Talk. The cooperation will benefit the two in mobile payments and innovation services. Ant, valued at $60 billion during a $4.5 billion fund raising round last April, has been using its financial firepower to expand at home and overseas as it prepares for an initial public offering that could be later this year.

Business RBI increases Weekly Cash Withdrawal Limit to Rs 50000 from today
Author: 0 RBI increases Weekly Cash Withdrawal Limit to Rs 50000 from today

An announcement in this regard was made in an Reserve Bank of India (RBI) notification on January 30. However, the limits were slowly relaxed by the central bank as part of its remonetisation process. Till now, there is no limit on current account and there is a cap of Rs 50,000 for farmers a week and Rs 2.5 lakh for marriage. This was preceded by the relaxation on January 16 when the limit was raised to Rs 10,000 per day from Rs 4,500.

Author: 0 RBI to Soon Launch New Design of Rs 1000 Notes

The new Rs 1000 currency was expected to come in January but because of the heavy load on the press was busy in printing the Rs 500 and Rs 2000 currency notes. "Rs 1,000 notes set to be back?" More than 70 new rules were passed during the 50 day period of the note ban. Other measures to ease the cash flow constriction include an increasing the upper limit of cash withdrawals from banks.

Author: 0 Varun Dhawan not allowed to vote as name missing from voter list

It's not sure whether Varun indeed meant Rajya Sabha or any other elections, because the Rajya Sabha MPs are elected by the Legislative Assembly of States and Union territories. Varun and Alia will resume publicity duties for Badrinath Ki Dulhania , which releases on March 10 and which they are promoting around the country.

Business BMC polls: Celebrities queue up to cast their votes
Author: 0 BMC polls: Celebrities queue up to cast their votes

Anushka Sharma too cast her vote early in the morning and shared her selfie flaunting the blue mark. Having voted the first thing in the morning, Anushka even took to Twitter and urged people to do the same saying, "Started my morning by casting my vote".

Author: 0 U.S. comparable sales strong for Home Depot

In other Home Depot, Inc. Several research firms have weighed in on HD. Paragon Capital Management LLC boosted its position in Home Depot , Inc. Home Depot Inc Last issued its quarterly earnings results on Nov 15, 2016. (The) in a report on Wednesday, November 30th. Home Depot reported earnings before Tuesday's open and smashed Wall Street's estimates . The company presently has a consensus rating of "Buy" and a consensus price target of $145.83.

Author: 0 BHP half-year profit surges to $A4.2b

Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. BHP's results come on the back of a surge in commodity prices in 2016 and renewed demand in China. "This is a strong result that follows several years of a considered and deliberate approach to improve productivity and redesign our portfolio and operating model", chief executive officer Andrew Mackenzie said.

Business Amazon just dropped its free-shipping minimum to $35
Author: 0 Amazon just dropped its free-shipping minimum to $35

It was $49 previously. It seems the move could be in response to Walmart's recent decision to offer free two-day shipping on eligible orders worth $35 or more . While the price has fluctuated, the limitations on free two-day shipping from Amazon remains unchanged. In contrast, another competitor, Best Buy, says it "sometimes offers free shipping for specific shipping methods in select categories, or free shipping sitewide".

Business Bengaluru shocker: Air hostess molested, injured by motorcyclist in posh locality
Author: 0 Bengaluru shocker: Air hostess molested, injured by motorcyclist in posh locality

According to reports, the air hostess was approached by the bikers and they groped her that resulted in the woman's shirt getting torn. "The way the incident has occurred suggests that it's a case of attempt for snatching her chain". According to Banaswadi police, a case under section 354 of the Indian Penal Code has been registered against the unidentified biker. A Hoysala patrol auto also arrived but it was too late.

Business Brexit shock sees HSBC net profit for 2016 plunge by 82%
Author: 0 Brexit shock sees HSBC net profit for 2016 plunge by 82%

In the final quarter of 2016, the bank swung to a $3.45bn (£2.77bn) pre-tax loss. To alleviate the blow to shareholders, HSBC said it would buy back another $1 billion shares, to be completed in the first half of this year. HSBC shares were trading at HK$66.10, down 4.20%. Like most global banks, HSBC has been struggling to boost profits as uncertainty caused by Britain's looming exit from the European Union casts a shadow over the sector.

Business Kraft Heinz withdraws Unilever bid
Author: 0 Kraft Heinz withdraws Unilever bid

Under current rules, Kraft's withdrawal means the company will not be able to make another offer for Unilever for six months. If successful, the deal would have been the biggest acquisition of a British company on record based on offer value.

Author: 0 TCS board clears Rs. 16000 cr. share buy-back at Rs. 2850

TCS in the closing hours of the market soared nearly 6% pushing the major indices higher.TCS board announced that the buyback of its shares will happen at Rs 2850 per share. Early February, Cognizant Technology Solutions announced a dividend payout and a share buyback of $3.4 billion, bowing to pressure from activist investor Elliott Management.

Author: 0 Kraft Heinz drops $203b offer for Unilever

Kraft reportedly withdrew its offer because it felt it was too hard to negotiate a deal following the public disclosure of its bid so soon after its approach to Unilever. The UK's FTSE 100 Index ended the day practically unchanged from the previous close, as a slide in Unilever shares offset gains in Royal Bank of Scotland Group.

Business Paytm to pump in Rs. 600 crore to expand
Author: 0 Paytm to pump in Rs. 600 crore to expand

As per the numbers revealed by the company, its QR code-based payment solution is now being used by more than five million merchants. "The company is acquiring nearly a million merchants a month and aiming for over 10 million merchants in 650 districts of the country".

Business Snapchat Spectacles Are Available To Buy Online
Author: 0 Snapchat Spectacles Are Available To Buy Online

Snapchat Spectacles are now available online. There's no word on when they may become available worldwide, but Snap Inc.'s plans may follow this guideline. What do you think about the Snapchat Spectacles price? Only US customers can purchase Spectacles... for now. The resulting Spectacles quickly became a hot selling item thanks in no small part to the fact that they were only available via a single vending machine that spontaneously relocated.

Business Sensex soars 193 points; TCS zooms 4 pc
Author: 0 Sensex soars 193 points; TCS zooms 4 pc

The gauge had gained 39.78 points yesterday. The NSE Nifty-50, after shuttling between 8,809.80 and 8,886.25, finally closed 57.50 points, or 0.65 per cent higher at 8,879.20. On the other hand, Axis Bank (1.94%), ITC (1.04%), Housing Development Finance Corporation (0.89%), Dr Reddy'S Laboratories (0.60%), ICICI Bank (0.26%), and Cipla (0.10%) were the biggest losers in the Sensex.

Business One Saudi Female CEO Just Got A Game-Changing New Job
Author: 0 One Saudi Female CEO Just Got A Game-Changing New Job

Sarah Al Suhaimi, now NCB Capital Co's chief executive officer, has just been announced as the chair of Saudi Arabia's stock exchange, making her the first woman in that position. While other Saudi women have already assumed corporate leadership positions, their rise comes against some of the world's tightest restrictions on women.

Author: 0 Mark Clattenburg named among match officials for Premier League weekend fixture

It is believed he had grown increasingly frustrated over a perceived lack of support from the Premier League's refereeing body Professional Game Match Officials Limited (PGMOL). The County Durham official, who became an assistant referee in the Northern League at 18, has reportedly grown unhappy with the level of public support officials are given by PGMOL and he has been linked with various lucrative moves overseas.

Author: 0 New Jersey gas prices keeping flat after weeks of falling

In fact, in six of the past 17 years, the seasonal peak has taken place between May 9th and May 24th. A year ago at this time, gas was selling for $1.691 per gallon. Petersburg-Clearwater ($2.183), Orlando ($2.193) and Jacksonville ($2.202). But that's still much higher than the national average from a year ago, when motorists were paying $1.71.

Business Donald Trump to hold Florida rally
Author: 0 Donald Trump to hold Florida rally

I want to thank you, but I want to thank everybody". "This was truly a great movement". Trump said in a news conference Thursday that he was disappointed by how Flynn had treated Pence, but did not believe Flynn had done anything wrong by having the conversations.

Business Crude Oil Prices Up After a Weekly Loss, US Production in Focus
Author: 0 Crude Oil Prices Up After a Weekly Loss, US Production in Focus

U.S. WTI crude ended the session at $53.58 per barrel on Monday, up 19 cents since tis close, while Brent futures gained 23 cents to trade at $56.05 per barrel. Baker Hughes reported that the US Energy companies continued to add oil rigs for the fifth consecutive week. However, the threat of US production strongly weighed on oil prices over the last couple of weeks, thanks to growing inventories from USA shale players.

Author: 0 TRAI seeks views on promotional offers, predatory pricing

Overall, the newcomer Reliance Jio has become a leader in the broadband segment at 52.23 million connections, followed by Bharti Airtel (43.93 million), Vodafone (34.88 million), Idea Cellular (28.4 million) and BSNL (20.39 million). The consultation paper issued by Trai aims to deal with transparency, promotional offers, disclosures and non-discrimination, adherence to the principle of non-predatory pricing, and assessment of dominant position.

Business No camera tricks, Kangana is actually naked during lovemaking scenes of Rangoon
Author: 0 No camera tricks, Kangana is actually naked during lovemaking scenes of Rangoon

In " Rangoon ", Saif will be seen playing a ruthless Parsi film producer, which marks his return to the negative character zone after portraying Langda Tyagi in Vishal Bharadwaj's " Omkara ". "I think people are also expecting a lot from this film". They wanted me to put tape around the body, but the tape would show and all of it. Even the usually in-command Nawab Saif Ali Khan, who hails from a family associated to the industry, seemed like a small entity as Kangana fiercely claimed ...

Business Virat Kohli signs Rs 100-cr Deal with Puma
Author: 0 Virat Kohli signs Rs 100-cr Deal with Puma

Previously, Sachin Tendulkar and Mahendra Singh Dhoni have been a part of it.Kohli has also endorsed sports brand adidas that fetched him Rs 10-crore per-annum. The first commercial of Puma featuring Virat Kohli is expected to air on Monday and the Indian batsman is expected to work in markets such as the UK, Australia, and South Africa and places wherever cricket is relevant.

Author: 0 Anti-Trump message projected on United Kingdom parliament building in London

London Mayor Sadiq Khan has backed calls for the state visit to be cancelled, and he has hit out at the President's " cruel and shameful " policies. The demonstrations come as thousands are expected to fill Parliament Square to call for a state visit by Trump, which was announced after UK Prime Minister Theresa May's visit to meet the newly inaugurated president in January.

Author: 0 Greece: EU and International Monetary Fund in 'common position'

Bailout administrator European Stability Mechanism (ESM) announced the payment on Monday morning as finance ministers for the Eurogroup travel to Brussels to assess the progress of the bailout before releasing the next tranche of assistance.

Author: 0 Battle for Mosul: Iraqi forces take southern villages

During Iraq's assault on IS-posts in the eastern side of the city last month, USA -led coalition airstrikes targeted some of the bridges to prevent militants on the west side from sending reinforcements to their eastern counterparts. An estimated 650,000 civilians still reside in IS-controlled Mosul. Two suicide bombers, who emerged today, blew themselves up, killing three soldiers and two civilians and injuring many more.

Business Kraft walks away from 'friendly' bid for Unilever
Author: 0 Kraft walks away from 'friendly' bid for Unilever

The company continued: "Our intention was to proceed on a friendly basis, but it was made clear Unilever did not wish to pursue a transaction". USA company Kraft Heinz's rapid retreat from its surprise bid for Unilever sent the Anglo-Dutch group's shares down over seven percent on Monday in London and Amsterdam.

Business Saif's daughter to make Bollywood debut opposite Tiger Shroff
Author: 0 Saif's daughter to make Bollywood debut opposite Tiger Shroff

Confirmed: Karan Johar to launch Saif Ali Khan's daughter was posted in Entertainment of TheNews International - https://www.thenews.com.pk on February 20, 2017 and was last updated on February 20, 2017. And Kangana once again was on a rampage! According to the sources, Disha was finalized as Tiger was keen to have her in the film. Today I am so glad to tell you that I was so wrong.

Author: 0 Treasury plan may allow RBS to avoid selling 300 branches

Lenders in the region have seen expectations of rising inflation and interest rates boost their share prices of late, but Barclays said "we are still waiting to see the evidence of this feeding through into the industry-level data". The firm's 50-day moving average price is GBX 484.64 and its 200-day moving average price is GBX 450.74. Shares of Royal Bank of Scotland Group plc closed the previous trading session at 240.61 down -1.79 -0.74% with 11,378,998 shares trading hands.

Author: 0 London is among the worst cities in the world for traffic congestion

London is the UK's most congested city, with motorists spending 73 hours in traffic in rush hours a year ago, with Inrix estimating the gridlock cost the capital's economy £6.2bn. Using big data and technology to improve operations of existing roadways offers a more immediate impact on traffic flows and mobility while transportation officials explore strategic capital investments.

Business Blackburn Rovers 1-2 Manchester United
Author: 0 Blackburn Rovers 1-2 Manchester United

The FA Cup is back this weekend, with defending champions Manchester United visiting Championship club Blackburn Rovers in the fifth round on Sunday afternoon (16:15). The Red Devils responded with Jason Steele having to beat out an Ander Herrera drive and the visitors were level with 27 minutes played, as Henrikh Mkhitaryan played a ideal throughball to Rashford , who rounded the keeper and slotted home into the empty net.

Author: 0 What Time & TV Channel Is the Clash at Daytona on Tonight?

The idea being that you want your roster of drivers to put up the highest total possible while remaining under the salary cap for the site, $50,000 for DK and $100 for NL. Elliott finished 37th in last season's Daytona 500 after wrecking early. "I hope we can just make it to the end of the race next week", Elliott said.

Business US, Russia Top List Of Global Arms Exporters
Author: 0 US, Russia Top List Of Global Arms Exporters

The global transfer of major weapons systems rose over the past five years to the highest volume since the end of the Cold War, according to an annual report on weapons sales released on Monday. The main suppliers-the United States, Russia, China, France and Germany accounted for 74% of the total volume of arms sales, while the United States and Russia altogether accounted for 56%.

Business Kim Kardashian Paris Robbery: Chilling Pics Give Insight Into Terrifying Ordeal
Author: 0 Kim Kardashian Paris Robbery: Chilling Pics Give Insight Into Terrifying Ordeal

Kim Kardashian and Paris Hilton now seemingly exist on different planes of existence, but this weekend those two worlds came crashing back together. Perhaps the photo is a bigger tribute than meets the eye. The TV star, 36, later gave fans another glimpse of her new hairstyle on Snapchat by posing with the infamous flower crown filter on the app. They have seen a few ups and downs during their relationship, but they are enjoying their bond now.

Business Vishal Bhardwaj's Shahid Kapoor Kangna Ranaut Saif Ali Khan starrer Rangoon
Author: 0 Vishal Bhardwaj's Shahid Kapoor Kangna Ranaut Saif Ali Khan starrer Rangoon

While Karan recalled a moment when he trolled Saif Ali Khan during an earlier season when he shared the couch with Preity Zinta, Kangana promised dignity. Karan's comeback was: "The person who is helming the show doesn't want to make any sense of the show". The situational round had Saif and Kangana saying a "yes" or "no" by drinking coffee shots.

Author: 0 Price Target Overview of Occidental Petroleum Corporation (NYSE:OXY)

Quadrant Capital Group LLC now owns 2,947 shares of the company's stock valued at $207,000 after buying an additional 28 shares during the period. They noted that the move was a valuation call. Occidental Petroleum Corporation has a 5 year average dividend yield of 3.28% and the stock has a Indicated annual dividend of $3.04. After this transaction, the insider's stake stands at 1,554,395 shares, with a market value of $103274004.

Author: 0 Rep. Soto hosts Obamacare town hall; woman says ACA saved her life

Rep. Lee said some of the law's lesser-known benefits would be lost if Republicans succeed in repealing the ACA. I contacted the insurance company and it confirmed everything the widow had told me. "From a conservative point of view, the government really has no business telling you what type of insurance you can and can't have", he said. If it were repealed and replaced? When her husband's employer-based health insurance lapsed, she sought to purchase a family insurance policy on her own.

Business Kraft's Unilever Bid Faces Likely Scrutiny in Europe
Author: 0 Kraft's Unilever Bid Faces Likely Scrutiny in Europe

The target had been unclear, but this shows Kraft Heinz was prepared to shoot the moon with a potentially huge deal. Unilever was recently involved in a dispute with Tesco due to attempts by the firm to raise wholesale prices by up to 10%, following the collapse in sterling after the Brexit vote.

Business My fine-tuned machine is tackling the mess I inherited
Author: 0 My fine-tuned machine is tackling the mess I inherited

At home and overseas, a mess", he said . Trump stressed that the Times story centered instead on inappropriate action by United States intelligence agencies, as he stepped up earlier Thursday attacks in which he vowed to catch "low-life leakers" of potentially classified information that led to the ouster of his national security advisor.