Markets

United Kingdom economy grew less quickly than first estimated in 2016

Britain's economy picked up speed in the final three months of previous year, but a downward annual revision has lost the United Kingdom its title as the fastest growing country in the G7. John Hawksworth, chief economist at PwC, said the ONS data was a mixed bag of good and bad news, but he said this did not change the fact the United Kingdom continued to grow steadily in the six months following the Brexit vote.

Jay Z Wants to Invest In Your Startup

Shawn Carter is launching a venture capital fund along with Roc Nation President Jay Brown, Business Insider reports. Always one to invest his hard-earned fortune, Jay Z is planning to launch a VC fund. Tidal wasn't his first foray, however. Labeled the "Uber for private jets", Jay Z joined members of the royal Saudi family in helping the startup raise more than $105 million in Series C funding just previous year.

Headscarf row dominates Le Pen's Lebanon visit

Lebanon, a former French protectorate, shares a large border with Syria, and has taken in some 1.2 million Syrian refugees - the equivalent of one-fourth of its own population. "The French can tell the difference between genuine scandals and political dirty-tricks", Le Pen told reporters while on a visit to Meaux. Le Pen , who has led the anti-EU party since 2011, is a member of the European Parliament which accuses her of defrauding it off almost 340,000 euros.

Burger King and Tim Hortons owner to buy Popeyes for $1.8 bln

Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,755,491 shares of the stock are valued at $116.07 million. BlackRock Fund Advisors increased its stake in shares of Popeyes Louisiana Kitchen by 6.0% in the third quarter.

SIPRI: Arms imports rise in Asia, Middle East

Nearly half of its arms exports went to the Middle East. India's overall arms imports account for a grand 13% of all arms sales between 2012-16. Its arms exports increased by 21 per cent compared with 2007-2011. The Institute's database covers the period since 1950, while describing the trends in worldwide military transfers, the experts examined an average performance of a five-year period.

Trump Boycott Trouble for Wegmans

Wegmans will replenish its supply, but it might take three to four weeks, Natale said. The Washington Post reported the Prince William County National Organization for Women planned to protest Wegmans in Northern Virginia over its refusal to remove Trump wine from its shelves.

Michael Floyd Pleads Guilty to Extreme DUI

According to court documents, Floyd's BAC at the time of his arrest was.217 - almost three times the legal limit. The extreme DUI charge wasn't the only one he was facing, but six additional charges were dropped when he put in the guilty plea .

Cisco Raises Dividend on Better than Expected Q2 Earnings

The stock's higher opening tick of $33.26 has so far turned out to be a penny from the session low of $33.25. Chief Executive Chuck Robbins (pictured) said in comments during the earnings conference call that he's confident in the company's strategy, but Cisco's shares, which had risen about 1.6 percent in regular trading, to $32.82 a share, initially fell a little under 1 percent in trading after the market close.

High WPI inflation works against further rate cuts

United Kingdom consumer price inflation jumped to 1.8 per cent in the year to January from a rise of 1.6 per cent in the year to December, as the slump in the pound since last June's Brexit referendum continued to trickle through to the high street.

Skechers USA, Inc. (NYSE:SKX), Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Post opening the session at $32, the shares hit an intraday low of $31.92 and an intraday high of $32.5 and the price was in this range throughout the day. Washington Trust Bank increased its position in Teva Pharmaceutical Industries Limited by 2.7% in the third quarter. AGF Investments Inc. now owns 1,252,708 shares of the company's stock valued at $62,909,000 after buying an additional 300,224 shares during the last quarter.

The Yemen Raid: Lessons Unlearned, Propaganda Unleashed

Asked about McCain's comments at the briefing, Spicer said he had a "message" for anybody who said the mission was not a success, though he did not mention McCain by name. 29". Neither Trump nor Blumenthal fought in the war after receiving multiple deferments, though Blumenthal did serve in the Marine Corps Reserve. He called Navy SEAL Ryan a "hero" who "died on a winning mission ( according to General Mattis), not a 'failure .' Time for the USA to get smart and start winning again!" He ...

Solar Accounts for 1 in 50 New US Jobs in 2016

The report , which is the seventh annual look at the solar power workforce in the country, found that solar industry employment outpaced US economic growth by 17 times, with an addition of 51,000 jobs during the year. "The better way to look at it from Canada's perspective is that the last couple of years have really been an anomaly , based essentially on a bunch of projects coming through the pipeline all at the same time", Amy Grace, a researcher at BNEF, told the National Observer.

Europe's leaders gather amid fears about Trump's rhetoric

One by one, the European Union leaders queued up to vent their disquiet at Mr Trump's ban on travellers from seven Muslim-majority countries - and implicitly reject Mrs May's offer to be a bridge between Brussels and Washington. The not-so-subtle back-and-forths continued on Friday as Chancellor Merkel said at the Malta Summit that "Europe is on top of the agenda for me and not talking about other parts of the world".

FireEye, Inc. (NASDAQ:FEYE) Analyst Estimates

Quantitative Systematic Strategies LLC acquired a new position in shares of FireEye during the second quarter worth about $165,000. Standpoint Research initiated coverage on shares of FireEye in a report on Friday, January 13th. Stifel Research also lowered their FEYE target price to $17 from $20 noting that a variety of factors, including "ongoing transitions within the salesforce and a continued push away from traditional appliance sales in favor of recurring subscriptions continue" to ...

DUI checkpoints being readied for Super Bowl weekend

Andrew Cuomo. Enforcement periods can include sobriety checkpoints, saturation patrols and additional law enforcement on duty dedicated to impaired driving enforcement. "If you do plan to drink, do not forget to pass the keys to the sober driver before kickoff". Meanwhile, Durham Police say they will also be staging R.I.D.E checks, including several in and around GO stations.

Trump Says Post-Crisis Financial Rules Will Be Cut Back

The order directs the secretary of the Treasury to review banking regulations and report back to the president on ways in which they can be eased. Critics, many in the financial industry, have said it makes it more hard to lend and harms smaller banks.

The Donald Trump Phone Call That Sent Australian Media Into Overdrive

While discussing the refugee deal, Trump told Turnbull that it was the "worst deal ever" and accused Australia of trying to send the "next Boston bombers" to the U.S. He refused to say whether the United States president was out of line in the way he handled the phone call or for labelling the deal dumb on Twitter .

Peter Thiel Wants to Make New Zealand Great Again

Following public pressure, New Zealand's government on Wednesday released 145 pages of documents revealing details of the deal. The New Zealand government was persuaded by Thiel's appeal, however, and granted him citizenship in 2011. I have concluded that the New Zealand government supports capital expansion, scientific research and global investment. In the January 30 issue of the New Yorker , Thiel was revealed to be one of many super-wealthy "doomsday preppers" who plan to ride out a ...

Why H&M Will Close Stores As It Now Favors Online Growth

H&M said it was investing in technology, automation and analytics to speed up its own supply chain. "H&M-branded physical stores didn't reach the goals", said H&M Chief Executive Karl-Johan Persson in an interview. H&M's 2016 turnover grew to 222.6 billion Swedish krona (23.6 billion euro), but despite that lovely growth, its post-tax profit dropped to 18.6 billion Swedish krona (2 billion euro).

TCS leads software stocks lower as Trump boubles H1-B visa costs

Consulting companies such as Deloitte Consulting LLP, which has a significant presence in the Harrisburg area, top the list of H-1B applicants. The use of H-1B visas has been a contentious issue for some time, as many believe that the overuse of these visas has lead to white collar Americans being pushed out of the workforce.

Vodafone India confirms it is considering a merger with Idea Cellular

Vodafone India, a 100 per cent subsidiary of UK-based Vodafone Group, and Idea Cellular (an Aditya Birla Group company) both started operations in 1994. The Vodafone-Idea merger would result in a strong balance sheet as well as spectrum holding for the joint entity. Vodafone India, which has over 200 million customers, has been buffeted by increased competition.

Mexicans unite against Trump's border wall and trade plans

One day after the spat boiled over, with Peña Nieto canceling a trip to Washington next week in response to Trump's insistence that Mexico pay for the barrier, the two leaders held an hour-long phone conversation. Companies that sell Mexican imports in the US could either increase prices to offset the increased tariffs, or they could absorb the tax and accept decreased profits.

Honda and GM to Build Next-Generation Fuel Cell Stacks in MI

The work is expected to create almost 100 new jobs, the company said. GM and Honda have more than 2,220 patents between them, according to the Clean Energy Patent Growth Index. They'll also work together on setting up fueling stations to make the cars marketable. The prospect of significant numbers of "green" hydrogen-powered electric cars on United Kingdom roads moved a step closer today as two of the world's biggest car-makers joined forces to "mass-produce" fuel cells.

Trump's threatened 20% Mexico import tax may benefit oilpatch

Later in the day, Trump contemplated introducing a 20% import tax for products from Mexico to pay for The Wall. Trump then reiterated the call for Mexico to foot the bill. Earlier, Trump had said that if Mexico was not going to pay for the wall, there was no use of the two presidents meeting next week as scheduled. Mexican billionaire Carlos Slim said Friday in a press conference that "surely, President Pena Nieto knows he has the country's support".

Illinois Home Sales Down In December, Up For Overall Year

December's report surprised analysts who had forecast a more modest decline with existing-home sales dropping 1.1% to an annual rate of 5.52 million sales, according to Reuters. "Given current population and economic growth trends, housing starts should be in the range of 1.5 million to 1.6 million completions and not stuck at recessionary levels", he said.

Pearson shares drop 25 percent on weak demand for education products

Why the decline in sales? It also said it would cut its dividend with shareholders. Pearson explained in a statement: "Our net revenues fell 30 percent during the final quarter resulting in an unprecedented 18 percent decline for the full year".

Trump Comments Send Dollar Reeling

The Dow Jones Industrial Average declined 59 points, or 0.3%, to 19827. Ten-year yields dropped 5.1 basis points to 2.33 percent. All eyes will be on Trump's inauguration on Friday for any clarity on his economic plans, with investors often turning to gold as a so-called safe-haven in times of economic uncertainty.

Luxottica, Essilor $24 billion merger creates eyewear giant

The new business, with annual sales worth nearly €16bn, more than 140,000 employees and sales in over 150 countries, is expected to provide a growth platform "ideally positioned to seize future opportunities". As per the terms of the deal Delfin, the Del Vecchio family holding company that controls Luxottica , will exchange its 62 per cent stake in the Italian company for newly issued Essilor shares.

Salem Capital Management Inc Cuts Position in Bank of America Corp (BAC)

Let's look at the results and whether Bank of America is attractive at today's price. Bank of America posted $1.96 billion for the fourth quarter against the estimation of $2.12 billion . Bank of America's valuation has been a lot lower over the past year, e.g. when I discussed its second quarter results the bank was trading at just 0.60 times book value.

George Soros reportedly lost around $1 billion after Trump's election

Soros lost almost $1 billion as a result of the stock-market rally spurred by Donald Trump's surprise presidential election . The Journal's Gregory Zuckerman and Juliet Chung cited people familiar with Soros' trading who said the billionaire became bearish after Trump's the victory, and those bets seem to have come back to bite him.

Martin Luther King Jr. Read In

To encourage local community action, the nonprofit organization HandsOn Greater Richmond is also hosting many service events open to the public on Martin Luther King Jr . University of Richmond hosts Interfaith Youth Corps founder Eboo Patel at a commencement event on the school's campus "as a time to reflect on what Dr.

Valeant sells skincare brands to L'Oreal

Analysts give AG a mean recommendation of 2.50. "While we see these asset sales as somewhat encouraging, we think 20 17 will mostly be a transition year". 12/14/2016 - Valeant Pharmaceuticals International, Inc . had its "underperform" rating reiterated by analysts at Wells Fargo . Deutsche Bank AG started coverage on Valeant Pharmaceuticals International in a report on Tuesday, September 20th.

Clemson vs. Alabama College Football Playoff Championship Game

Tonight's College Football Playoff national championship game is a rematch from last year's national final between the Clemson Tigers and the Alabama Crimson Tide. If Georgia misses out, look for Alabama or Clemson to land him down the road. It went the better part of a month without allowing a touchdown. The front seven on the 2016 Alabama defense is faster and more athletic than a year ago.

Time Warner Seeks Shareholder Approval of AT&T Meld

The merger is strongly opposed by consumer groups since it would give AT&T control over Time Warner properties like CNN, HBO and the Harry Potter franchise. But not everyone thinks Trump's opposition is absolute, or a deal-killer. Trump's opinion is unlikely to lead to the merger being blocked unless the president chooses to get heavily involved in the approval process, said Barry Diller, a media veteran who's now chairman of IAC/InterActiveCorp.

Kosovo former PM arrested in France on Serbian warrant

Albanian language media reported first that Haradinaj had been detained based on an global warrant issued by Serbia , the N1 broadcaster reported. Haradinaj was cleared of war crimes charges in two lengthy trials by a United Nations war crimes tribunal. He has consistently denied the allegations , and stepped down as prime minister after just 100 days to face the charges.

Lansing Mall Macy's store, 67 others, closing in 2017

In a statement , the company said it "intends to opportunistically close approximately 30 additional stores" as leases expire or sales transactions are completed. "Eligible full-time and part-time associates who are affected by the store closings will be offered severance benefits". Alton's Mayor Brant Walker said Alton Square has improved in the 18 months since Hull Property acquired it, with new tenants including Hibbett Sports and Ross Dress For Less.

Finland Starts Handing Out a Basic Income

Some unemployed workers now avoid part time jobs because even a small income boost could result in their unemployment benefits being canceled. Unemployed citizens in Finland will become the first in Europe to get a basic monthly income equal to about $814 (560 euros), which is about a sixth of the average private sector income for a month (3500 euros).

Dozens take polar bear plunge into Percy Priest Lake

Towie is hoping even more people will join the fun next year, saying the chilly water isn't as intimidating as it seems. For a number of years local icon Jim Saddler, gathered support for the event by encouraging people to participate or watch from the banks of the river.

Petroleum prices to remain unchanged in January

The government has made a decision to maintain existing petroleum prices for the next fortnight. "The government wants to maintain a policy of stability since April except for a partial increase in December". The minister said increase of petroleum prices in the global market during the month of November was partially passed on to the people as the government absorbed the major chunk of the raise.

Standing Rock protesters unfurl banner over field at Minneapolis NFL game

Bank to divest from the four-state, $3.8 billion pipeline. Two protesters climbed the rafters of the stadium and hung a sign reading "Divest #NoDAPL ", according to a press release sent by the organizers to reporters at the stadium. As of this writing, they are still trying to get the two protesters down, but the situation continues to get even more freakish. We'll update you if there are any developments.

Airbus adapts A380 deliveries following Emirates deferrals

Airbus "will adapt its delivery rate with the delayed delivery to Emirates for six A380 aircraft from 2017 to 2018 and six others from 2018 to 2019", he said, after an agreement between the airline and the British motorist Rolls-Royce who must equip these devices.

Trump rejects Air Force One

The president-elect told reporters afterward that talks focused "primarily the F-35, trying to get the costs down - a program that is very, very expensive". On Wednesday, Boeing's CEO told reporters the company is committed to building a new plane for less than $4 billion. "I think Boeing is doing a little bit of a number".

Toddler killed in road rage shooting while out with grandmother

The road rage shooting death of Acen King marks the 40th homicide of 2016 in the city, according to the Little Rock Police Department. According to King-Macon, a black Chevy Impala pulled behind her while she stopped at a traffic light.

Southwest Airlines Having Problems with Website for Check-In, Other Tasks

Southwest did not immediately say whether the problems were delaying its flights, but it appeared the glitch might be having an effect on the carrier's operation. "Until full functionality is restored, customers may check in at the airport using a kiosk or by visiting a Southwest ticket counter". Southwest is one of the busiest carriers at Phoenix Sky Harbor International Airport, carrying 30 percent of the airport's passengers a year ago.

Comprehensive Stock Analysis of: General Motors Company (NYSE:GM)

The firm owned 9,554,154 shares of the auto manufacturer's stock after selling 532,400 shares during the period. Stock market analysts and brokers have recently amended their target prices on shares of General Motors Company (NYSE:GM). This represents a $1.52 annualized dividend and a yield of 4.15%. General Motors's payout ratio is 17.41%. WFG Advisors LP increased its position in shares of General Motors by 0.5% in the second quarter.

Fireworks market explosion in San Pablito, Mexico, 'leaves 70 people injured'

He also said that despite media reports of fatalities, there was no "official information" about any deaths as a result of the explosion. The video was captured by friends of Lalo Gonzalez who then shared the video on Twitter. Emergency services scrambled to the Tultepec Rocket Market soon after the blast at around 2.30pm local time. And in 2006, another fire destroyed hundreds of stands at the same market.

Corpus Christi Is the Latest American City to Suffer a Water Crisis

City spokeswoman Kim Womack told a local news station that officials had inspected the suspected site of the contamination and had not found a "backflow preventer". The official water notice was released December 14, when the city urged residents to only use bottled water for drinking, cooking, bathing, washing and any household use.

US consumer prices up 0.2 percent in November

Bureau of Land Management reported today. On Thursday, the U.S. Department of Labor released its Consumer Price Index for the month of December. This is the largest October to November rise since 2010 and continues the rather volatile movements observed during 2016, especially over the latest 3 months.

Yahoo Says Second Hack Affected More Than 1 Billion in 2013

Yahoo has discovered a 3-year-old security breach that enabled a hacker to compromise more than 1 billion user accounts, breaking the company's own humiliating record for the biggest security breach in history. Yahoo says it has taken steps to secure accounts. The shares dropped as much as 2.7% in extended trading after the announcement. Yahoo has more than a billion monthly active users, although some have multiple accounts and others have none at all.

USA dollar surges on prospect of more Fed rate hikes

Treasury yields edging up as the Fed follows through with more rate hikes next year. "Our decision to raise rates is - certainly be understood as a reflection of the confidence we have in the progress the economy has made and our judgment that that progress will continue and the economy has proven to be remarkably resilient", said Fed chair Janet Yellen at a press conference on Wednesday.