Money

London Mayor: 'My Heart Goes Out to Those Who Lost Loved Ones'

London Mayor: 'My Heart Goes Out to Those Who Lost Loved Ones'

Mr Trump linked to a report of the interview in a tweet , saying "You have to be kidding me?!" How do you think London's mayor Sadiq Khan will respond to the terrorist attack, will he stand by his statement that it is just "part and parcel" of living in the big city? As of early evening local time , London authorities said that one person had been killed and at least 10 injured after a vehicle hit pedestrians on Westminister Bridge, with a police officer reported stabbed nearby at ... Read More

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PT Review for Canadian Solar Inc. (NASDAQ:CSIQ) Shares

PT Review for Canadian Solar Inc. (NASDAQ:CSIQ) Shares

Canadian Solar said it is "vigorously contesting" the early results of the department's revised anti-dumping and other tariffs on Chinese-manufactured solar panels, which are "hugely different from the past rates imposed on the company". The firm had revenue of $668.40 million for the quarter, compared to analysts' expectations of $698.57 million. During the same quarter in the previous year, the company earned $1.05 EPS. Read More

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9.8M Viewers Watched French Presidential Debate - Agency

9.8M Viewers Watched French Presidential Debate - Agency

Polls show him trailing Macron, a former economy minister who is running as an independent, and Marine Le Pen of the far-right National Front, and failing to make it into the second round runoff. Given that he was expected to be the main punchbag the En Marche candidate will just be happy to emerge fairly unscathed. While Le Pen spoke broadly of a need for " economic patriotism " and higher taxes on companies that outsource jobs, other candidates didn't challenge her proposed duties on ... Read More

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Uber President Quits in Response to Controversies

Uber President Quits in Response to Controversies

After a video surfaced earlier this year, showing Kalanick arguing with an Uber driver, the CEO admitted he needed leadership help, and announced his search for a new chief operating officer . She said there's an "absolute commitment that the findings will be made public and that they will inform all the actions". "After we announced our intention to hire a COO, Jeff came to the tough decision that he doesn't see his future at Uber ", Travis issued the note in the meantime. Read More

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Loonie weakens as oil prices outweigh wholesale trade data

Loonie weakens as oil prices outweigh wholesale trade data

Federal Open Market Committee member Charles Evans speaks this afternoon and Fed Chair Janet Yellen will also speak on Thursday. This might seem daunting, at first, but NerdWallet mortgage analyst Tim Manni confides: "For consumers now shopping for a mortgage to purchase a property or refinance an existing loan, shouldn't feel like a real shock to the system since the rate move has already been "baked" into the market". Read More

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Gold, silver trade higher in early trade

Gold, silver trade higher in early trade

This, as the US dollar hit a five-week low following the Federal Reserve's cautious message on interest rates, thus making bullion cheaper for holders of non-U.S. "This was the best scenario indeed, because the Fed is confident enough to hike, confident enough in the US economic performance but it also doesn't sound in the mood to take away the punch bowl". Read More

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Valeant Dives To 8-Year Low After Ackman 'Throws In The Towel'

Valeant Dives To 8-Year Low After Ackman 'Throws In The Towel'

Valeant shares closed Monday at $12.11, down from a record high of $263.81 in August 2015. According to Yahoo Finance, the price target for the company which analysts are aiming is 55. The streaming radio specialist said that it would launch an on-demand music streaming service beginning on Wednesday, and investors weren't impressed with the company's strategic decision. Read More

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Volkswagen pleads guilty in United States for Dieselgate-related charges

Volkswagen pleads guilty in United States for Dieselgate-related charges

The German automaker continues to wrestle with the fallout from its September 2015 admission that it rigged as many as 11 million diesel vehicles worldwide to cheat on emissions tests. And that's in the USA alone - these cars were shipped worldwide, so the automaker must deal with governments and customers around the world. "Volkswagen deeply regrets the behavior that gave rise to the diesel crisis", the company said in an emailed statement after the hearing. Read More

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Gander Mountain to close Charleston location

Gander Mountain to close Charleston location

The company plans to have normal business hours during the restructuring process. No word on when the Augusta location will close or how local employees will be affected. The company says they have experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce. Read More

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Sources say PSA Group to announce Opel purchase

GM has not turned a full-year profit in Europe since 1999 and since then has lost billions battling high labor costs and an intensely competitive auto sales market. PSA likely used a non-compete clause to help convince GM to pay more into the pension. That was the 16th consecutive loss-making year for GM in Europe, bringing its cumulated losses on the continent since 2000 to more than $15bn. Read More

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Crude Oil Prices Plunge Following Record US Oil Inventories

In the short term, OPEC will downplay the renewed growth in shale output and emphasize its own compliance with announced production cuts. Reports about ambitious plans for expanding Iraq's refining capacity contributed to the pessimism, but Oil Minister Jabar al-Luaibi reassured the market that Iraq will stick to its undertaking in the production cut agreement, adding that it plans to tender five new refineries on an investment basis, and expand existing ones, a lot of them damaged during ... Read More

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THE DOCTOR IS IN: Senate Confirms Ben Carson As HUD Secretary

THE DOCTOR IS IN: Senate Confirms Ben Carson As HUD Secretary

The vote cleared the way for the retired neurosurgeon and former Republican presidential candidate to assume the post of secretary of the Department of Housing and Urban Development (HUD). There is still support coming in from other politicians, albeit mostly Republicans, congratulating Carson. "Dr. Carson knows that removing regulatory barriers is a necessary component of any national housing policy and that housing is key to the long-term health of the US economy". Read More

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Again, Nigeria's Manufacturing Index Declines in February

Of 18 manufacturing industries the index tracks, 17 reported growth, led by textile mills and apparel, leather and allied products. The February PMI, the index used by the ISM to measure growth, came in a 57.7 (a reading of 50 or higher indicates growth), which was 1.7 percent ahead of January, marking the highest monthly PMI reading going back to August 2014's 57.9. Read More

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RBS trebles deficit with £7billion loss in 2016

RBS trebles deficit with £7billion loss in 2016

Ross McEwan, RBS's eternally hopeful chief executive, says better days are just around the corner. "These costs are a stark reminder of what happens to a bank when things go wrong", McEwan said in a statement. The bank now has a £6.8bn war chest to cover U.S. litigation costs, but if the bill exceeds that number, RBS will have to put its hand in its pocket again. Read More

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Fresh from fending off Kraft, Unilever to review strategy

The stock is a Buy among 14 brokerage firms polled by Factset Research. TCI Wealth Advisors Inc. now owns 2,267 shares of the company's stock valued at $203,000 after buying an additional 20 shares during the last quarter. The year ago sales the company reported in the same quarter is 4.75 Billion. Popeye's approximately 2,600 locations and $3 billion in system-wide sales compares to nearly 16,000 and $18 billion for Burger King and 4,500 and $6.5 billion for Tim Horton's. Read More

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Analysts Review: Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI)

In the last Quarter, Popeyes Louisiana Kitchen, Inc. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI)'s distance from 20 day simple moving average is 22.03% whereas its distance from 50 day simple moving average is 25.55% along with 37.37% distance from 200 day simple moving average. Read More

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Israeli military response to Sinai rocket attacks impossible: former intelligence official

No one was injured and no damage was caused by the missiles, the army said. In a statement on social media, the group said it had fired two Katyusha rockets at "southern Palestine", according to the Walla news site. "Like always, the special forces of Lichtenstein probably took out a few terrorists from Daesh in Sinai", Lieberman joked, using the Arabic name for the Islamic State. Read More

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Unilever rejects Kraft Heinz takeover bid, shares spike

Shares of Unilever (UL) listed in the United States were trading sharply higher in pre-market trade on Friday after Kraft Heinz (KHC) confirmed it had made a bid to acquire the company. " Unilever would expand Kraft Heinz's CPG footprint beyond food in a major way in a single strategic acquisition", Stone points out. The Kraft Heinz Company has a one year low of $71.02 and a one year high of $91.30. Read More

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Verizon reaches tentative agreement to lower price of Yahoo deal

Both companies say the revised takeover deal will include a provision that Verizon and Yahoo! share the liability for the legal fallout in the case. More than 500 million accounts were affected. Yahoo Chief Executive Marissa Mayer may soon be breathing a sigh of relief. Meanwhile, Yahoo is subject to a class action lawsuit filed in January accusing management of making "materially false and misleading statements", and failing to disclose Yahoo had not encrypted its users information. Read More

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Report says more than 1900 bridges in OH are 'structurally deficient'

Department of Transportation. More than 50 Interstate bridges in CT remain structurally deficient, according to a new study, of almost 340 statewide crossed by vehicles 4.7 million times daily. The Colorado Department of Transportation has lofty goals for not just bridge fix, but roadway updates on major highways, so it's not yet clear in what order the bridge fix will be tackled. Read More

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India's Consumer Inflation Drops to 5-Year Low

India's Consumer Inflation Drops to 5-Year Low

Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. India's inflation slowed slightly more than expected in January, data from the Central Statistics Office revealed Monday. Howard Archer, chief United Kingdom economist at forecaster IHS Global Insight, said: 'Inflation is expected to have been lifted in ... Read More

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