Business

Government 'Needs a Good Shutdown' to Fix Senate 'Mess'

But Senate Majority Leader Mitch McConnell has said he will not do the same to pass legislation, and more than 60 senators urged him not to do so in an April 7 letter. There's a great amount of shock and awe in the halls of Congress that President Donald Trump has become a great champion of completing the nuclear transformation of the Senate and letting a simple majority pass legislation. Read More

Continue Reading »

French presidential hopeful Macron heckled by pro-Le Pen workers

French presidential hopeful Macron heckled by pro-Le Pen workers

Voicing support for Macron, the statement said the group called on the centrist candidate to strengthen his program, especially with regard to social justice and the ecological transformation of Europe. Meanwhile, Le Pen was having selfies taken with workers outside a factory a few miles away. Last week, the war of words renewed as Marine Le Pen issued another attack in an interview with RMC radio, calling herself a "feminist" who had freed herself from her authoritarian father. Read More

Continue Reading »

The latest from the Shanghai auto show

The latest from the Shanghai auto show

Last week we revealed that Volvo were planning to announce their first battery electric auto at the Shanghai Motor Show , and that it will be built in China for global export. "There is a clear (Chinese) government policy in favor of electromobility - high subsidies and an industrial framework in the form of joint venture companies which are being encouraged to invest in this technology", Diess said, adding Beijing appeared to be trying to replicate the success of hybrid auto technology in ... Read More

Continue Reading »

Kevin O'Leary drops out of Conservative leadership race

Kevin O'Leary drops out of Conservative leadership race

His support for Maxime Bernier, a former foreign affairs minister and free-market libertarian, may give him a big boost in a crowded race. Prior to Wednesday, O'Leary had offered no hint that he was considering dropping out. O'Leary said he made his decision after concluding that he would be unable to expand the Conservative party base of support in the province of Quebec, because he does not speak French. Read More

Continue Reading »

Credit Suisse Bank raises fresh capital, drops Swiss IPO

Credit Suisse Bank raises fresh capital, drops Swiss IPO

The business earned $5.18 billion during the quarter. The bank recently announced that its first quarter profits rose to CHF 596m as compared to a CHF 302m loss posted past year. Credit Suisse had previously signaled that 2017 had gotten off to a strong start, particularly in its investment-banking and wealth-management units, due to the rosier mood in financial markets following the US presidential election. Read More

Continue Reading »

FCC chief lays out attack on 'net neutrality' rules

FCC chief lays out attack on 'net neutrality' rules

A court past year upheld the FCC's decision to apply Title II, ruling for the agency in a lawsuit brought by Comcast , AT&T and other broadband providers. Ed Markey (D-Mass.), have questioned whether the rules slow investment, pointing to the latest US Census data showing that investments from telecom companies were up from 2014 to 2015. Read More

Continue Reading »

Could Drinking Too Much Diet Soda Be Destroying Your Brain?

Compared to never drinking artificially sweetened soft drinks, those who drank one a day were nearly three times as likely to have an ischemic stroke , caused by blocked blood vessels, the researchers found. It is to be noted that the researchers have only shown a correlation between the consumption of the sugary drinks and the medical conditions. Researchers have also learned that those who drank one a day were almost three times as likely to be diagnosed with dementia. Read More

Continue Reading »

Larry Page's "flying car" makes its debut

But on the company's website , it says the Flyer will look different from the prototype. "We've designed our first version specifically to fly over water". Rising to an altitude of 15 feet, the Kitty Hawk Flyer could be our first real glimpse at the future of flying transportation. Airbus hopes to test its own flying vehicle by the end of this year and Chinese firm Ehang showed off its take on a flying auto in 2016 which looks more like a one man drone. Read More

Continue Reading »

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

But it has come under pressure from Elliott Management, the USA hedge fund founded by billionaire Paul E. Singer, and other shareholders to engage with its suitor. "PPG strongly believes that the future of AkzoNobel's employees in a combined company will be more secure, with many exciting opportunities for future growth, than under AkzoNobel's new plan which includes a separation of the speciality chemicals business", PPG added. Read More

Continue Reading »

Sri Lanka petroleum union call off strike over Indian deal

Sri Lanka petroleum union call off strike over Indian deal

The strike action launched by the Petroleum Trade Union Collective has been called off following successful discussions with the Prime Minister. The Petroleum Joint Union Alliance said that it was opposed to the proposal to transfer operation rights of oil tanks to India since the agreement would benefit International Olympic Committee, while debt-ridden CPC will incur more financial losses. Read More

Continue Reading »

Rockwell Collins, Inc. (NASDAQ:COL) Expected To Report Earnings On Friday

Rockwell Collins, Inc. (NASDAQ:COL) Expected To Report Earnings On Friday

They now have a Dollars 90 price target on the stock. Rockwell Collins Inc . (COL) has been given an average price target of $104.35 from analysts, according to data collected by Finviz. Rockwell Collins's dividend payout ratio (DPR) is presently 23.57%. "Joining the Rockwell Collins family and its forward-thinking approach to the market sets us on an exciting path that will greatly benefit our customers, employees and shareowners". Read More

Continue Reading »

TN farmers issue must be taken up at state level: Centre

TN farmers issue must be taken up at state level: Centre

Palaniswamy earlier in the day said he discussed the farmers' issue in the NITI Aayog's Governing Council meeting and forwarded their demands to the Prime Minister. The chief minister also talked about the steps the state government had taken to mitigate the hardship of farmers. This group of men from Tamil Nadu have worn green dhotis and turbans forced the state's political leaders to register their presence at the protest venue. Read More

Continue Reading »

Paris attack will 'probably help' Le Pen in France

The French election may well see two anti-EU candidates fight each other in the last round of voting. Despite the close numbers, many believe that support for Le Pen may be underestimated. Macron is also projected to win in the second round. But Macron doesn't have anything in the bag yet. Unemployment and the economy topped voters' concerns as first-round ballots are cast for one of 11 candidates in the most nail-biting elections in generations. Read More

Continue Reading »

Trump Eyes Changes To Obama's Tax And Wall Street Rules

Trump Eyes Changes To Obama's Tax And Wall Street Rules

Mnuchin to review significant changes to the tax code made a year ago to determine if they "impose an undue financial burden on American taxpayers", "add undue complexity" or "exceed statutory authority", the White House said. The White House's tax plan must win support in the House and Senate before it can become law. Mnuchin said Friday that his agency has held more than 16 meetings about financial regulations, and participants said Trump administration officials were particularly interested ... Read More

Continue Reading »

Britain could see its first full day without coal

Britain could see its first full day without coal

Coal had powered the Industrial Revolution that took off in England in the 18th century before spreading to the rest of the world; Thomas Edison had built the first coal-fired power station in London in 1882. "The first country to use coal for electricity is now on the cusp of being the first major economy to completely phase it out", said Ben Caldecott from the University of Oxford. Read More

Continue Reading »

Bebe expects to close all stores by end of May

Bebe expects to close all stores by end of May

Before Friday's announcement, the chain said it planned to close 21 stores, or 12 percent of the company outlets. In March, Bloomberg reported that Bebe is planning to shut its stores and seek a turnaround as an online brand. In his second quarter statement, Mashouf said the retailer's reduction of expenses helped its bottom line. The Limited announced in January its plan to close all of its 250 stores. Read More

Continue Reading »

United CEO says no one will be fired for dragging incident

The damaging passenger dragging incident, caught on video, was down to a 'system failure'. Munoz says he takes full responsibility "for making this right " after the April 9 incident aboard a United Express plane in Chicago. Munoz and other top United executives again apologized for the incident, and vowed to improve customer service. Munoz is slated to visit China soon to meet with officials and discuss the incident. Read More

Continue Reading »

Tesla recalling 53000 vehicles worldwide for brake problem

Tesla recalling 53000 vehicles worldwide for brake problem

Tesla also instructed owners that it is safe to continue regular use of their vehicle. According to Tesla , the problems stem from a gear within the parking brake system that could potentially fail. Because of the design of the gear, it is hard to tell exactly which vehicles are affected. The company services customer vehicles instead through a network of around 135 service centres and with mobile technicians who fix customer cars at their homes or workplaces. Read More

Continue Reading »