Business

Business European markets mixed: oil prices bounce back
Author: 0 European markets mixed: oil prices bounce back

On Friday, the S&P 500 and the Dow Jones Industrial Average closed lower after growth in retail sales and consumer prices missed expectations, and worries deepened over the health of department stores after weak earnings reports. That drove a roughly 2.5 percent rise in oil prices, and spurred gains for copper and iron ore and in commodity-linked currencies including the Australian and Canadian dollars and Russia's rouble.

Author: 0 Sinclair close to buying rival TV operator Tribune

More TV station consolidation may begin under the Trump Administration: Sinclair Broadcast Group has proposed a massive deal to buy Tribune Media for just under $4 billion. "We don't think we need to sell any of them", he said. Sinclair already owns 173 stations, making it the largest USA television station owner. Fox had been planning an offer for Tribune but in the end didn't submit a bid, Bloomberg reported last week.

Business Judge orders Uber not to use technology taken from Waymo
Author: 0 Judge orders Uber not to use technology taken from Waymo

United States ride hailing business Lyft has formed a partnership with Alphabet's self-driving auto unit Waymo to help develop self-driving vehicles, the two companies have announced. Waymo said the partnership would let its technology reach "more people, in more places". Waymo claims that in October 2015, Levandowski and Uber hatched a plan for him to steal confidential information.

Business United Airlines says cockpit security information may be compromised
Author: 0 United Airlines says cockpit security information may be compromised

United Airlines said it randomly selected Dao, along with three other passengers, to vacate the plane after no volunteers opted to give up their seats for four airline employees who needed to board the flight. One of the flight attendants posted the codes to a public website . In the interim this protocol ensures our cockpits remain secure. The security measures allow pilots to override efforts by anyone from entering the cockpit, regardless of whether the correct codes are entered.

Business Chinese Market Opens To US Credit Cards And Beef Imports
Author: 0 Chinese Market Opens To US Credit Cards And Beef Imports

Natural gas exports may move the needle a little more but China's total imports of the fuel are still quite small, worth about $17 billion previous year, he added . He said now, the cattle market has improved since last fall and most recely has been decent. In return, China will send a delegation to a foreign investors meeting in the USA this summer.

Business Trump, in first trip overseas, to visit Israel, Saudi Arabia
Author: 0 Trump, in first trip overseas, to visit Israel, Saudi Arabia

Speaking to reporters after the Trump administration said the president would visit Riyadh as well as Israel later this month, Adel al-Jubeir said President Trump had a high probability of succeeding in his efforts to secure a peace deal with Israelis and Palestinians because of his "fresh" approach.

Business Tender ballad by Portugal's Sobral wins Eurovision
Author: 0 Tender ballad by Portugal's Sobral wins Eurovision

Isaiah Firebrace from Australia performs the song " Don't Come Easy " during rehearsals for the Eurovision Song Contest, in Kiev, Ukraine, Friday, May 12, 2017. Some have remarked that the Eurovision Village, where visiting fans gathered to watch the shows live on big screens, is in central Khreshchatyk Street and Independence Square, scene of bloody protests little more than three years ago.

Author: 0 US institutions "under assault': Ex National Intelligence head"

The President also dismissed reports that he demanded loyalty pledge from former FBI Director James Comey at a private dinner.Trump responded saying, "No, I didn't but I think loyalty to the country, loyalty to the U.S.is important". Clapper said he was "concerned" with Trump's firing of Comey this week. But that's not exactly what Clapper said, the former DNI chief again explained Sunday.

Author: 0 Snapchat shares slide as growth slows

About $2 billion of Snap's $2.2 billion net loss in the January-March period was for IPO-related stock compensation costs. Analysts were only anticipating a loss per share of $0.19. "It's just early days for us", he said. Facebook, in order to not miss the trend , launched their own disappearing stories in 2017. The new features enable users to loop videos for repeated play or to re-view an incoming Snap for as long as they like without the normal automatic deletion kicking in after ...

Business China's Su clinches men's 100m title at Shanghai meeting
Author: 0 China's Su clinches men's 100m title at Shanghai meeting

She went on to produce a dramatic finish to win Olympic gold, diving across the line to edge out American world champion Allyson Felix in 49.44. Jamaica's new sprint queen has been in good form this year but feels there is still "room for improvement" as she gears up for the world championships in London .

Author: 0 Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

Billionaire investor Warren Buffett on Saturday criticized the bill House Republicans passed this week aimed at repealing and replacing ObamaCare, calling it "a huge tax cut for guys like me". "That's cost people a lot of money at Berkshire", he said. "Berkshire in fact ended March with more than $96 billion of cash and cash-like instruments, and Vice chair Charlie Munger said it could do a "$US150 billion" acquisition now if it wanted.

Business China, US reach agreement on beef, poultry and natural gas
Author: 0 China, US reach agreement on beef, poultry and natural gas

Beijing and Washington announced Friday an agreement giving United States beef, natural gas and certain financial services access to China's massive market in a deal highlighting the warm ties nurtured by their presidents. Beijing promised to open up the renminbi clearing industry when it joined the World Trade Organisation in 2001 and lost a related 2012 case about its failure to do so.

Business COMAC launches C919 inaugural flight
Author: 0 COMAC launches C919 inaugural flight

A Commercial Aircraft Corp. of China Ltd. (Comac) C919 aircraft takes off at the Pudong International Airport in Shanghai on May 5, 2017. So far, Comac has received orders for 570 of the new airliners from 23 customers, majority from Chinese airlines and leasing companies.

Business Apple to spend $200 million supporting Corning plant in Ky
Author: 0 Apple to spend $200 million supporting Corning plant in Ky

Apple has announced its first investment from the fund and United States based Corning Inc is the recipient. The companies say their partnership has sustained 1,000 jobs, including 400 in Harrodsburg. CEO Tim Cook recently announced a new $1 billion U.S. Manufacturing Fund, and today, it revealed the name of its first recipient. According to Corning's CEO, Wendell Weeks, the company's partnership with Apple over the last 10 years has already led to creation of almost 1,000 jobs in ...

Author: 0 Trump says he invented an 84-year-old phrase. But, why?

Merriam-Webster's increasingly sassy Twitter account noted that the expression, which it defines as "government investment expenditures created to induce a self-sustaining expansion of economic activity", dates back to at least 1933. The President first said he doubted he would do it, and insisted that "nobody" cared about his returns "except the media". But even Mr Trump has a longer history with the expression.

Author: 0 Govt 'upfront' about company tax: Morrison

And here we are in the year 2017 and that budget surplus has remained ever-so elusive. Follow Business Insider Australia on Facebook , Twitter , LinkedIn , and Instagram . This is a smart tax. The moves are aimed at alleviating public concerns about the dominance of the big banks following a series of scandals in the banking sector and public allegations of abuse of market power.

Author: 0 Australia plans major spending plus surplus in 3 years

Despite this, Labor assistant treasurer Andrew Leigh argued on Friday morning that "they were tough [savings] decisions, we were heavily criticised at the time for it, but that was fully funded". The charge will apply to liabilities including corporate bonds, commercial paper, certificates of deposit and Tier 2 capital instruments, and be levied on the proportion of individual customer's deposits in excess of A$250,000.

Author: 0 Iraq, Algeria support extension of oil production cuts

USA light crude oil was $1.81 higher at $47.69 a barrel. Brent and US crude futures contracts closed on Tuesday at their second lowest levels since November 29, the day before OPEC announced it would cut output in the first half of 2017. In a report on Thursday Opec announced group production was down in April. On Monday, Saudi Arabia's oil minister Khalid al-Falih said he expected the output deal to be extended to the end of the year or possibly longer.

Business You are fired, Trump tells FBI director James Corney
Author: 0 You are fired, Trump tells FBI director James Corney

The statement also said the "search for a new permanent FBI Director will begin immediately". During testimony to Congress in March, Mr Comey flatly rejected an explosive claim from Trump that he was wiretapped by his predecessor Barack Obama.

Author: 0 Oil prices edge up in anticipation of extended crude output cut

Data from the InterContinental Exchange yesterday showed investors had cut their bullish bets on Brent to the lowest level since late November, according to Reuters . From a bearish perspective, Falih admitted what many oil analysts have been saying: market rebalancing is taking longer than expected at the start of the year.

Business Your Tesla collects video footage of your driving
Author: 0 Your Tesla collects video footage of your driving

Last week, the automaker had released a new update for its vehicles equipped with second generation Autopilot hardware, and it asked the owners/users to approve the new data sharing policy, as reported on Electreck. "Using remote diagnostics, our service technicians are increasingly able to identify fix needs in advance of meeting with customers and even before customers notice issues", the Tesla executives wrote.

Business Hertz Misses in CEO's First Quarter Trying to Fix Business
Author: 0 Hertz Misses in CEO's First Quarter Trying to Fix Business

The company's shares closed at $14.61 on May 4, the lowest since 2009. The company has market cap of $111.51 million. Its last month's stock price volatility remained 2.89% which for the week stands at 1.96%. In the trailing twelve months, gross profit margin was 44.40% and net profit margin of the company was 3.20%. ILLEGAL ACTIVITY WARNING: This piece was originally posted by Markets Daily and is the property of of Markets Daily.

Author: 0 Le Pen comes under fire over plagiarised speech

Macron is now favourite to become France's youngest ever president, leading Le Pen by 19 points in the polls, but she has shown she is an effective campaigner. "I am hesitating between two candidates - a man and a woman", Macron said in an interview with the BFMTV channel. Le Pen said on France 2 television Monday that she would wait until after the German election this fall to discuss the euro issue with the European Union and to submit the issue to a referendum in France.

Author: 0 EPA's Pruitt recuses himself from environmental lawsuits

He added that he was at the end of his first three-year term with the Board of Scientific Counselors, but that he had "never heard of any circumstance where someone didn't serve two, consecutive terms". When the EPA announced on April 28 its site was "undergoing changes that reflect the agency's new direction under President Trump and Administrator Scott Pruitt", it posted a snapshot of the website as it looked on January 19, the day before Trump took office.

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