Money

IMF foresees global economy accelerating to 3.5 pct. in '17

The body kept its projection for 2018 unchanged at 3.6 per cent. Britain's economy is performing better than expected in the wake of Brexit, according to the latest forecast from the International Monetary Fund (IMF). Also, I.M.F. has predicted 3.9% growth in the year 2018. The comment came Wednesday in the newest edition of the IMF's Global Financial Stability Report , which also said the financial system has gotten more stable in recent months, as economic growth strengthened and ... Read More

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The FCC is about to unveil its net neutrality rollback plan

The FCC is about to unveil its net neutrality rollback plan

FCC Chairman Ajit Pai will kick off the process to scrap the Obama administration's net neutrality rules on Wednesday, according to four sources familiar with the matter. Public Knowledge urges President Trump to honor his campaign promises to put Americans before monopolies by preserving net neutrality rules as he nears the end of his first 100 days. Read More

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Trump's reversals come after crash course on the issues

A US Treasury spokesman confirmed that the Treasury Department's semi-annual report on currency practices of major trading partners, due out later this week, will not name China a currency manipulator. In fact, the president's trade stance on China has taken an even softer tone since he met last week with President Xi Jinping. Trump's Treasury Department used the same standards for determining currency manipulation as those of the previous administration under President Barack Obama. Read More

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AT&T Continues to Lose Subscribers

AT&T Continues to Lose Subscribers

AT&T's revenue shortfall is in part owed to losing 66,000 postpaid mobile phone subscribers during the quarter. "In a very competitive quarter, we continued to execute on our goals of driving efficiencies in our business while growing adjusted earnings per share", said Randall Stephenson, AT&T Chairman and CEO, in a statement. Read More

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Farron: Lib Dems will not enter coalition government

Farron: Lib Dems will not enter coalition government

Asked why he had not been clear earlier, Mr Farron said: "I was asked the question early on and I didn't want to get into a sort of series of questions unpicking the theology of the Bible". "Otherwise they will face a vicious backlash in the election - we know these voters are open to the Liberal Democrats". "This had become a talking point, an issue, and in that case if people have got the wrong impression of what I think about on these issues, then that's something it's right you ... Read More

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Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

It said in a statement Monday that it " will carefully review and consider this proposal " which it said was " a third unsolicited and conditional proposal " from PPG. "Elliott therefore believes that friendly discussions now are in the best interest of all stakeholders". The latest offer represents a premium of around 50% over AkzoNobel's share price back in March, before PPG's first bid was made public. Read More

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Chappell leads in Texas

Chappell leads in Texas

Like many before him in Round 3, Chappell struggled on the front nine. NOTES: There have not been multiple leaders at the Valero Texas Open after 54 holes since 1993 when Jay Haas, Bob Lohr, Tom Lehman and Dan Forsman shared the lead at Oak Hills. Read More

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Bebe to close all 175 stores

Bebe to close all 175 stores

Same-store sales for the quarter that ended December 31, 2016, plunged 10.5%. Bebe did not immediately return messages from CNNMoney asking whether it plans to go out of business or transition to online-only. Net sales for the formerly profitable Bebe were $101.9 million in the second quarter of the 2017 fiscal year, a decrease of 16.8 percent from $122.4 million reported for the second quarter a year ago. Read More

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Morgan Stanley Q1 Profit & Revenue Blow Away Expectations

Morgan Stanley Q1 Profit & Revenue Blow Away Expectations

Zacks Investment Research also rated the stock with a value of 2.25. It was the second day in a row that a weak report from a single company pulled the Dow sharply lower, as Goldman Sachs did on Tuesday. Its Target Price was fixed at 47.24 at an IPO Date of 2/23/1993. It fell $1.96, or 3.6 percent, to $52.93 per barrel in London. Ford and General Motors both rose about 1 percent and Tesla gained nearly 2 percent. Read More

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Who gained the most today? American Express Company : AXP

Who gained the most today? American Express Company : AXP

The performance for recent week is -2.19% and the performance for three months is at -0.65%. This showed the surprise of -2.8% in the last quarter earnings. Over the trailing year, the stock is underperforming the S&P 500 by -18.5%, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. Read More

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Duke's Grayson Allen to return for senior season

Duke's Grayson Allen to return for senior season

Allen, a 6-5, 200-pound guard from Jacksonville, Fla., was projected by mock draft websites as a late first-round or early second-round pick. Grayson Allen will be Duke's most experienced player next season. "I love being a Duke student - and continuing to be part of the university culture is something I don't take for granted". Allen's junior season was a disappointment. Read More

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Hat-trick hero Ronaldo first to 100 Champions League goals

Bayern CEO Karl-Heinz Rummenigge said after the match that Neuer sustained the injury as Real scored one of Cristiano Ronaldo's goals which fired them into the semifinals, and suggested that the goalkeeper would miss the rest of the domestic season and also the build-up to the Confederations Cup, which begins in Russian Federation on June 17. Read More

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Arconic CEO Klaus Kleinfeld steps down

Arconic CEO Klaus Kleinfeld steps down

ACHES AND PAINS: Eli Lilly and Incyte stumbled after the Food and Drug Administration refused to approve their much-anticipated pill for the immune disorder rheumatoid arthritis. Netflix climbed 3% to 147.25 U.S. dollars (£117) on Monday, but slumped 1.5% in aftermarket trading as it did not gain as many subscribers in the first quarter as investors hoped and its profit guidance also fell short of analyst estimates. Read More

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Uno, dos, tres, Garcias! White Sox OF filled with Garcias

Uno, dos, tres, Garcias! White Sox OF filled with Garcias

Left fielder Willy Garcia was recalled from Triple-A Charlotte to fill in while Melky Cabrera is on paternity leave. Cabrera is expected to rejoin the White Sox when they open a series at the New York Yankees on Monday night. All three Alous did not start together in any of the games, however. Steady showers fell again in the second and third innings, but the teams were able to keep playing through it. Read More

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Uber denies stealing Google technology

Uber denies stealing Google technology

Levandowski is now the head of all of Uber's self-driving efforts. US District Judge William Alsup has said, however, that he will not accept Uber's defence of being unable to find the files as a reason not to grant the injunction. "You have got to do more than what you are telling me". The court war is among two technology giant companies, Waymo and Uber relating to the self-driven auto technology. Read More

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China's Consumer Inflation Heats Up to 0.9% in March

China's Consumer Inflation Heats Up to 0.9% in March

Factory gate inflation "has eased", NBS analyst Sheng Guoqing said in a statement, noting that March's figure fell back from a 7.8 per cent increase in February after five months of expansion. Meanwhile, the number in work rose by 39,000 to a new high of 31.8 million, representing an employment rate of 74.6 per cent, the joint highest since records began in 1971. Read More

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Phil Mickelson Paid $2M For His Gambling Habit

Phil Mickelson Paid $2M For His Gambling Habit

Attorney for the Southern District of NY. At one point , assistant US attorney Brooke Cucinella told the jury, Walters purchased 1.5 million shares of Dean Foods just minutes after Davis left him a phone message telling him the company was spinning off part of its business and was about to report a surprisingly robust earnings announcement. Read More

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KFC to stop using chickens raised with human antibiotics

KFC to stop using chickens raised with human antibiotics

The fast-food chain said the change will be completed by the end of next year at its almost 4,200 restaurants in the US, thus becoming the latest company to switch to more natural and healthy food product. Brands which owns the quick service restaurant. ( YUM ), said it is also in the process of removing artificial colors and flavors from certain menu items by the end of 2018. Read More

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Lok Sabha passes Taxation Laws Bill

Lok Sabha passes Taxation Laws Bill

The Goods and Services Tax bills was on Thursday passed in the Rajya Sabha. GST is a unified tax that will subsume all indirect taxes. "Yesterday, the former Prime Minister advised me not to move the amendment as it will disturb the fine consensus that has been arrived at in the GST Council". Read More

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Trump signs repeal of US broadband privacy rules

Another campaign , started by Misha Collins of Los Angeles, has raised more than $81,000 toward a goal of publicizing the internet history only of lawmakers who voted in favor of killing the FCC privacy rules. These rules also required broadband providers to take reasonable measures to protect customer information, although those weren't spelled out. Gigi Sohn, counselor for former FCC chairman Tom Wheeler, stated that the repeal means that all these companies can now sell user data and ... Read More

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Free Cone Day 2017

Free Cone Day 2017

Ben & Jerry's. - AFP picNEW YORK, April 4 - Free Cone Day is back. Not sure. But if you're desperate to get your free cone fix, you'd better be prepared to venture out of Zone 1 tomorrow. Free Cone Day is a great time to move out of your ice cream comfort zone. If you're craving something sweet, you can stop by one ice cream parlor in Charlottesville for a free treat. Read More

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Cacti Asset Management LLC Has $292000 Position in Ford Motor Company (F)

Cacti Asset Management LLC Has $292000 Position in Ford Motor Company (F)

GM sees the the industry's annualised sales pace, adjusted for seasonal trends, accelerating to 17 million for the month, trailing analysts' estimates for a rate of 17.2 million. Toyota , Ford, Fiat Chrysler and Honda each reported sales declines for March, all due to tumbling auto sales. However, Ford's fleet sales still generated 33% of total sales, which is a bit high - GM, by comparison, only generated 20% of its March sales from fleet segments. Read More

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