Friday, 24 November 2017
Latest news
Home » Business


200000 users, 150 countries hit by ransomware: Europol chief

Several European countries, including Russian Federation, were among the worst hit in the attack. Governments and private security firms said on Saturday that they expected hackers to tweak the malicious code used in Friday's attack, restoring the ability to self-replicate. Read More »

OECD says new deal will help fight tax avoidance

The United States said on Saturday the world's other rich economies were getting used to the policy plans of President Donald Trump , but Europe and Japan showed they remained anxious about Washington's shift. "We are excited about United States trade policies and I think you probably saw we made an announcement of a 100 day economic plan with the Chinese so I think we're very happy with how were proceeding with the Chinese", the former banker said. Read More »

SoftBank logs Rs 9000 cr valuation loss from Ola, Snapdeal


But things may change now, said analysts. The company booked a valuation loss of $1 billion, or Rs 6,500 crore, on its investment in Snapdeal, nearly matching the money it has invested in the homegrown marketplace during 2016-17. SoftBank has been pushing for Snapdeal's sale, which also has investors Kalaari Capital and Nexus Venture Partners on board. Further, in the last week of April, the news came out that internet giant SoftBank was all set to invest over $1.4 billion in Paytm. Read More »

Tax lawyers outline Trump's Russian income but don't release documents

According to the letter, income from the Miss Universe pageant made up a "substantial portion" of the $12.2 million in foreign income that Trump reported in 2013. "With the firing of James Comey and the investigation into Trump's ties to Russian Federation heating up, the tax returns are more important than ever", Helmstetter said. Read More »

Tribune Media Co Announces Quarterly Dividend of $0.25 (trco)


Gabelli lowered Tribune Media from a "buy" rating to a "sell" rating in a report on Tuesday. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Read More »

Engineer charged in deadly Amtrak crash

The charges come three days after the city district attorney's office said no charges would be filed since it couldn't prove Bostian acted with "conscious disregard" when he accelerated the train above 100 miles per hour on a 50 miles per hour curve. Read More »

Indian tycoon Vijay Mallya guilty of disobeying top court


Mallya is out on bail after assuring the court about abiding all conditions related to extradition proceedings, including surrendering his passport. The 61-year-old can face a jail term or fine or both if he does not show up in court. The UK's Crown Prosecution Service (CPS) will argue the case on behalf of the Indian authorities. According to a report in the Business Standard , Mallya will be represented by Montgomery, who has been described as "a superstar and frighteningly intelligent" ... Read More »

Tunnel with nuclear waste collapses in Washington state


Yes. Washington Attorney General Bob Ferguson filed a lawsuit last fall against the Energy Department and its contractor, Washington River Protection Solutions, contending tank vapors pose a serious risk to Hanford workers. New Jersey Rep. Frank Pallone said the incident underscores the need for the department to take all necessary precautions to ensure the safety and security of workers. Read More »

AkzoNobel rejects third takeover bid from PPG worth $29 bln


The company, which also said its own plans for growth were superior, has been urged to reject PPG's offer by the Dutch government and its own workers. The bid comes just weeks after PPG raised its offer to buy Akzo for the second time. After refusing to meet with PPG since the United States company's first offer in early March, executives of the two companies finally sat down together on Saturday to discuss the proposal. Read More »

Hinduja brothers top UK annual rich list


Besides the Hinduja brothers, there are 40 other Indian-origin super-rich in this year's list. Britain's super-rich "kept calm and carried on making billions" despite worries about Brexit, according to The Sunday Times newspaper's Rich List for 2017, with more billionaires living in the country than before. Read More »

Kapil Mishra: Kejriwal took Rs. 2 crore from Satyendra Jain


Pledging to remove corrupt people from the party, he said that he will go to all the higher authority and make the revelation about these things. "Corruption charges against AAP are nothing new". Talking to ANI , Kapil Mishra said, "I had met Arvind a year ago when the tanker scam surfaced". But after seeing the cash I can not keep quiet. In another tweet he said he had been involved with the movement since 2004 and "was going nowhere". Read More »

Fed signals gradual rate-hike approach intact despite soft patch

Most analysts foresee the Fed raising its key rate again at least twice more before year's end, a testament to the durability of the US economic recovery and a more stable global picture. economic data could influence the Fed's economic outlook. Previously used to describe a period of inflation below the Fed's 2% target, that term was now used to describe a weakening of the economy's performance during the first quarter, when the annualized rate of growth slowed to a three-year low of 0.7%. Read More »

Demand for Gold Slides


Last year, the figure was particularly strong, with first-quarter 2016 inflows to gold-backed exchange-traded funds GLD, -1.40% IAU, -1.49% the second highest on record, he said. Jewellery demand rose by 16 percent to 92.3 tonnes in Q1 from 79.8 tonnes in the year-ago period, and in the process, lifted global jewellery demand . Read More »

Canadian exports hit record high in March as trade deficit narrows


Exports of goods fell last month compared to February, reflecting lower sales overseas of oil, cars and civilian aircraft, but are rising over a broader period. The data agency said sales overseas of so-called other food products led the increase, in particular shipments of yellow peas and red lentils to India. Read More »

VW brand profit soars as cost cuts materialise


The unit signed a landmark labor agreement a year ago to save 3.7 billion euros in expenses in a renewed savings push, partly in response to the scandal. Volkswagen Group also sold more models with higher profit margins, a spokesperson said. Fines and related costs from the scandal reduced the company's cash reserve somewhat but CFO Frank Witter said the group retained "a strong financial foundation" despite facing further scandal outlays this year in double-digit billions. Read More »

Call for journalists jailed in Turkey to be freed


Journalists at the SABC were at some point previous year instructed to stop reporting negatively on President Jacob Zuma and have a 70% "positive" news and 30% "negative" news balance on its news cycle. Norway was the top-ranked country on the World Press Freedom index . Separately, famous Geo News anchor Hamid Mir was awarded a medal "Sitara-e-Sahafat" (Medal of Journalism) at an event organised by Allama Iqbal Open University. Read More »

Uber takes to the skies with next ride-hailing project


Also announced at the event was Uber's collaboration with electric vehicle charging-point provider ChargePoint, which will develop charging stations for the eVTOLs in the years to come. These are VTOL hubs that will have multiple takeoff and landing pads, including charging infrastructure. The goal of the partnership is to develop a new on-demand VTOL network to enable customers in the future to order high-speed flights in and around cities at the push of a button. Read More »

O'Reilly Still Denies Harassment Allegations After Fox News Ouster


Earlier this month, The New York Times reported that Fox and O'Reilly paid five women, including former staffers and guests on his program, a total of $13 million to settle harassment claims. Some bestsellers include "Old School: Life in the Sane Lane", "The O'Reilly Factor: The Good, the Bad, and the Completely Ridiculous in American Life", "The No Spin Zone", "Killing Lincoln", "Things That Matter: Three Decades of Passions, Pastimes and Politics" and "Killing Jesus". Read More »

Purchases 8178 Shares of Dr Pepper Snapple Group Inc. (DPS)


With these kinds of figures it is worthy to note that Dr Pepper Snapple Group, Inc. The Rothschild Capital Partners Llc holds 73,479 shares with $6.77 million value, down from 119,724 last quarter. COPYRIGHT VIOLATION WARNING: This article was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. Read More »

Caterpillar (CAT) Spikes Over Earnings Beat, Wait for Further Rally

Caterpillar's revenue was up 3.8% compared to the same quarter past year. Earnings per share (EPS) is -0.12, and this is looking to grow in the next year to 38.89% after growing -102.70% this past year. This represents an increase of approximately 477% compared to the average daily volume of 1,489 put options. Hedge funds and other institutional investors have recently bought and sold shares of the stock. Read More »

Volkswagen looks towards possible sale of motorbike brand Ducati


While Wolfsburg-based VW has started reaching out to potential buyers to sound out their interest, no decision has been taken on whether the brand will be sold, they added. Harley Davidson, Suzuki, Honda and Kawasaki could also be interested. Reuters also says that another possible consideration is to offer Ducati on a public stock exchange, to raise funds. Read More »

Nova Scotia remains in limbo over softwood lumber exemption


Department of Commerce's decision to impose an unfair and punitive duty", said Jim Carr, Canada's Minister of Natural Resources, and Chrystia Freeland, Canada's Minister of Foreign Affairs, in a joint statement. The lumber dispute comes just a week after Trump complained about USA dairy products being shut out of the Canadian market, setting the stage for job losses for American farmers. Read More »

United to compensate people on flight when man dragged off


The magazine had last month named Munoz its "US Communicator of the Year" for 2016 based on his steadying of the airline after the prior chief executive resigned amid a scandal and Munoz himself suffered a heart attack. The airline said that, when no one volunteered, the crew created a list of passengers that would be reassigned to another flight. When no one volunteered, it selected several passengers to deplane. Read More »

Police say United passenger dragged off flight caused his own injuries

After the video of a man being violently dragged off a United flight from Chicago became viral, looks like another airline is taking its place in the spotlight. They can take the compensation in cash or credits. "I share all of those sentiments, and one above all: my deepest apologies for what happened". For me personally, I'd add shame. Read More »

LVMH, Arnault to simplify Christian Dior business structure


It would offer 172 euros in cash and 0.192 shares in Hermes HRMS.PA , in which Arnault also has a stake, to buy each remaining Christian Dior DIOR.PA share it does not now hold. The simplification of the shareholder structure appeared to please investors and LVMH shares were showing a gain of around three per cent on the Paris stock exchange in response to the news , while the blue-chip CAC 40 index was up just 0.1 per cent. Read More »

Russian planes patrol US West coast


On Wednesday, a Russian IL-38 maritime patrol and anti-submarine plane was spotted in the same area, and was followed by American planes. The first incident happened Monday night, when two nuclear-capabe Tu-95 Bear bombers were intercepted by American F-22 fighter jets about 100 miles off the coast of Kodiak Island. Read More »

'US seeks help for dismantling financial networks of terror


A similar change on the issue of protectionism was made in a communique that the Group of 20 major economies issued last month in Baden-Baden, Germany. The move could lead the United States to impose tariffs on steel. She cautioned, however, that "just as we see this momentum unfolding, we also see - at least in some advanced economies - doubts about the benefits of economic integration, about the very "architecture" that has underpinned the world economy for more than seven decades". Read More »

Bill O'Reilly accuser appears on 'The View'


Waters alleges that O'Reilly's behavior was endemic of a culture of sexism at Fox News displayed by men in leadership, including Roger Ailes, who resigned as chairman and CEO of Fox News last summer after a former anchor filed a sexual harassment lawsuit against him. Read More »

Volkswagen to pay $2.8 billion in diesel emission scandal


On March 10, the manufacturer pleaded guilty in the U.S. court in Detroit admitting that almost 600,000 of its diesel cars in the United States were programmed to cheat the emissions tests. "We let people down and for that we're deeply sorry". USA prosecutors said in January that five of the seven are believed to be in Germany. A judge on Friday ordered Volkswagen to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests, blessing a deal ... Read More »

No housing measures that could boost demand: Morneau


Canada's biggest city, Toronto, will follow the lead of Pacific port Vancouver and will impose a 15 per cent foreign home buyer tax in a bid to cool its runaway housing market. A review of the rules governing the conduct of real estate agents. The Ontario Liberals' new plan to help curb soaring home prices and curtail questionable rental practices, particularly in the Greater Toronto Area, was met with mixed reaction Thursday. Read More »

'Only time will tell' on improving US-China trade


Secretary of State Rex Tillerson touted the first summit between the leaders of the world's two largest economies as a success and said Trump and Xi enjoyed "very frank, very candid" discussions that were "very positive". Commerce Department's $1.17 billion fine on Chinese telecom company ZTE last month for the illegal shipment of equipment to Iran and North Korea in violation of U.S. Read More »

Mnuchin: August deadline for tax reform 'not realistic at this point'


The dollar slipped to 108.35 yen, hitting a five-month low. Mnuchin also acknowledged that one of the key elements in a tax overhaul plan being developed in the House of Representatives, a border-adjustable tax on imports that would give preferential treatment to exporters and to retailers and manufacturers who source goods and raw materials within the United States, is facing resistance from within the administration. Read More »

EPA Chief Pruitt Calls For US To "Exit" From Paris Agreement

Although he himself has no power to enact this himself - that , of course, rests with the President - it's a depressing sign of the times in an increasingly anti-intellectual America. Environmental groups, including the Natural Resources Defense Council, want government officials to look at water quality citywide. The hypocrisy of it all hasn't been lost on community activists who fought for years to try to protect East Chicago children living atop a toxic Superfund site from lead ... Read More »

Yu Group PLC's (YU) house stock Rating Reiterated at Shore Capital

It has outperformed by 16.09% the S&P500. Panmure Gordon reiterated their buy rating on shares of Epwin Group PLC (LON:EPWN) in a research report released on Thursday. The firm has "Sell" rating by Numis Securities given on Tuesday, September 6. On Tuesday, October 18 the stock rating was maintained by Wedbush with "Outperform". Read More »

Madrid Sees Off Bayern in Controversial Thriller to Reach Semis

The extra man proved decisive as Madrid settled the tie with a 3-goal burst either side of half time in extra time. Marcelo twice cleared off the line for Madrid and Jerome Boateng did the same for Bayern in a thrilling game, which was tilted in Madrid's favour by Arturo Vidal's dismissal for two yellow cards, the second of which was harsh. Read More »

Bulldog Mentality, Zags Headed to First Title Game


Gonzaga is the first men's basketball team to make it to the NCAA Final Four from Washington state since Seattle University went in 1958. Gonzaga maintained that lead and more for much of the second half, leading by as many as 14 after Nigel Williams-Goss' three-point play with 10:40 left. Read More »

Coutinho: I was told to stay home before leading Liverpool comeback


Enhanced winnings paid in free bets. Klopp put him on the bench and he started the second half, scoring the equaliser in a 2-1 victory to boost his side's Champions League chances. "That is why the keeper is there to make saves in important moments and help your team out and the feeling is better still when you win the game after all that, " said the Belgium worldwide. Read More »

Elliott looking to oust AkzoNobel chairman


Elliott added that Akzo had not adequately consulted with shareholders before rejecting both bids, saying that had it done so, it would most likely have found that most shareholders want the boards to engage with PPG. AzkoNobel, the paints and coating group, claimed that Elliott Advisors was preparing to share potentially price-sensitive information with PPG, the U.S. Read More »

Gas prices will rise this summer but should remain low


Motorists in 48 states saw gasoline prices increase in the last week, while the national average has spiked to $2.40 per gallon. Its average of $2.09 marks a 7-cent rise from last week, and 25 cents higher than a year ago. Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto and clicking on Gas Saving Tips & Tools. About 80 miles to the south, Stuart's average was three cents higher. Read More »

Red all the rage on Grand National day

Russell was becoming the fourth woman to train the National victor after Jenny Pitman, Venetia Williams and Sue Smith, and went on: "It means everything". "As much as I love Arthur, I haven't spent thousands of pounds on him in school fees, so I was watching Thomas", he admits. To add to the female influence on the world's toughest and most famous steeplechase, the eight-year- old chaser is owned by the " Two Golf Widows ", Belinda McClung and Deborah Thomson, who first met at pony club. Read More »

'Tweetable job announcements' are not enough from China meetings

Chinese officials had feared that the two leaders' 24-hour encounter at Trump's Mar-a-Lago estate in Florida might be marred by a campaign-style anti-China outburst from Mr Trump. "The Presidents' discussions on North Korea were very wide-ranging, very comprehensive, and more focused entirely on both countries' previous commitments to denuclearise the peninsula.?There was no kind of a package arrangement discussed to resolve this", Secretary of State Rex Tillerson said. Read More »

The Fight for Equal Pay: Ohio Considers Wage-Gap Reporting Bill


The first figures were published Thursday. U.S. Rep. Rosa DeLauro speaking in April 2014 during a news conference in Washington, mark Equal Pay Day . New regulations that will require private sector employers to publish annual data on their gender pay gap have come into force . And on average, the wage gap is even wider for women of color than it is for white women. Read More »