Business


Ex-Northwestern professor charged in 'grisly' Chicago stabbing death Ex-Northwestern professor charged in 'grisly' Chicago stabbing death
- August 21, 2017

Lathem, 46, had communicated for months before with Andrew Warren, 56, about "carrying out their sexual fantasies of killing others and then themselves", Natosha Toller, an assistant Cook County state's Attorney, told the court. Once in custody, prosecutors said Warren confessed to plotting the murder-suicide fantasy, and admitted that there was a plan to kill another victim the morning after Cornell-Duranleau's death - though he didn't know if the person showed up at Lathem's condo after they ... (more...)
Infosys to buyback shares worth up to 130 billion rupees Infosys to buyback shares worth up to 130 billion rupees
- August 20, 2017

The buyback decision came a day after the company's Chief Executive Officer (CEO) Vishal Sikka resigned and was appointed Executive Vice-Chairman till a new CEO takes charge by March 31, 2018. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique known for aggressive pursuit of litigation claims on behalf of their clients. (more...)
Foot Locker Stock Just Took a Big Hit Foot Locker Stock Just Took a Big Hit
- August 20, 2017

The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.80 billion. 504 were reported by Tower Ltd Company (Trc). has a 12 month low of $34.29 and a 12 month high of $79.43. (NASDAQ:SPLS). At the time of writing, the First Call consensus price target for the company is $10.06. (more...)
Susquehanna Keeps Its Susquehanna Keeps Its "Hold" Rating on Hibbett Sports (NASDAQ:HIBB) Shares Today
- August 19, 2017

The company swung to a net loss of $3.2 million, or 15 cents a share in the three months to July 29 from posting a profit of $6.5 million, or 29 cents a share, a year ago. 3G Capital Partners Lp increased Microsoft Corp (MSFT) stake by 7.11% reported in 2016Q4 SEC filing. 387,514 were accumulated by Oppenheimer And. These ratios show how well income is generated through operations, and are important to both creditors and investors. (more...)
One person has died following multiple stabbing in Finnish city One person has died following multiple stabbing in Finnish city
- August 19, 2017

The attack occurred at two market places close to each other in the city center - Kauppatori, known in English as Central Market Square, as well as the Puutori Market Square , YLE reported . Turku is located on the southwest coast of Finland , about 10 miles from Helsinki. "Two dead and six injured", Turku police tweeted after the assault in a market square. (more...)
Trump Shutters Business Councils After Schwarzman Discussed Disbanding Them
- August 18, 2017

And we have always believed that dialogue is critical to progress; that is why I joined the President's Forum earlier this year. "But this group can no longer serve the objective for which it was formed". The statement also said racism and violence have "no place" in America - a reference to the white nationalist march that led to a counter-protester being killed. (more...)
Sensex, Nifty open in the green, currency markets closed Sensex, Nifty open in the green, currency markets closed
- August 18, 2017

Indian shares rallied to close near the day's highs on Wednesday, with strong gains in Europe lending support. U.S. stocks ended slightly firmer on Wednesday but off the day's highs as worries mounted over President Donald Trump's agenda and minutes from the latest Federal Reserve meeting suggested policymakers are anxious about weak inflation. (more...)
Saudi Arabia announces allows Qatari Pilgrims at Hajj to enter country Saudi Arabia announces allows Qatari Pilgrims at Hajj to enter country
- August 18, 2017

Qatari foreign minister said on July 31 that the crisis should be solved through diplomacy without touching Qatar's sovereignty and made it clear that Qatar will not accept any demands that are not in line with worldwide law. "What matters to us is the bottom line, which is that our citizens now have a way to attend the hajj, and we uphold our demand that hajj be spared politicisation and remain separate from our political issues", he said. (more...)
NDP strikes commission to raise minimum wage to $15 by 2021 NDP strikes commission to raise minimum wage to $15 by 2021
- August 17, 2017

The new British Columbia government confirmed it won't tinker with the previously-announced $.50 increases to BC's general minimum wage and liquor server wage. A living wage in Vancouver is pegged at $20 an hour, leaving the increase $5 short of that. In making the announcement today, Premier John Horgan said moving over time to a $15 minimum wage is long overdue in making life more affordable for British Columbians. (more...)
United Kingdom unemployment rate hits lowest since 1975 but wage growth still weak United Kingdom unemployment rate hits lowest since 1975 but wage growth still weak
- August 17, 2017

The number of people out of work now stands at 1.48 million. However, average pay was still subdued, with average weekly earnings in the three months up at an annual rate of 2.1 per cent. However, once inflation is taken into account, total pay in real terms sank by 0.5% both including and excluding bonuses. The increase in the cost of living, which rose in response to the Brexit-hit pound, held steady at 2.6 per cent in July, in line with the rate for June. (more...)
Oil at 3-week low, pressured by growth in United States shale output Oil at 3-week low, pressured by growth in United States shale output
- August 16, 2017

Oil likely saw "some value buying moving into the market", Robbie Fraser, commodity analyst at Schneider Electric, told MarketWatch as prices pared earlier losses. The recent OPEC/non-OPEC capacity cuts have meant that India has had to diversify its crude suppliers, with state-run refiners making purchases of U.S. (more...)
Bill Gates' stake in Microsoft is now just 1.3 percent Bill Gates' stake in Microsoft is now just 1.3 percent
- August 16, 2017

The amount represents about 5% of Mr Gates' current $90bn fortune and reduces his stake in Microsoft to just 1.3% from 24% in 1996. The Bill & Melinda Gates Foundation has focused on global health and development, as well as educational programs in the US. (more...)
Canada sends soldiers to migrant border crossing Canada sends soldiers to migrant border crossing
- August 12, 2017

The refugee camp would be able to house up to 500 people and would be built in Saint-Bernard-de-Lacolle, Quebec. The migrants fear the U.S.is becoming less welcoming and have made a decision to try their luck seeking asylum in Canada. The delays mean migrants have been forced to wait in an area with no beds, just benches and chairs. Numerous recent refugee claimants crossing into Quebec are Haitians who have been living in America for years but now face deportation. (more...)
Video Captured on Officer's Eyeglasses Helps Convict Man Who Shot Him Video Captured on Officer's Eyeglasses Helps Convict Man Who Shot Him
- August 12, 2017

The officer of Estill Police Department, Quincy Smith , was lucky to survive the attack, the New York Post reported . He had previously purchased the glasses with his own money. WATCH: Camera glasses show Officer Smith's shocking confrontation with an armed robbery suspect . Once back inside his patrol vehicle Smith begged for backup, blood-covered hands fumbling with the radio controls as he tried to alert his dispatcher. (more...)
SoftBank Vision Fund Invests Big in Flipkart SoftBank Vision Fund Invests Big in Flipkart
- August 12, 2017

Flipkart raised $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp.in April. The fresh round of investment could make SoftBank the largest investor in Flipkart and reduce the influence of Tiger Global, whose representative Kalyan Krishnamurthy is Flipkart's CEO. (more...)
French Soldiers Injured in Car Ramming in Paris Suburb French Soldiers Injured in Car Ramming in Paris Suburb
- August 10, 2017

Failed attacks by individuals have also taken place on police and soldiers on the Champs-Elysees, near the Louvre museum and outside Notre Dame cathedral . Three of the six injured soldiers are in a serious condition, but their lives are not in danger, according to the ministry. The soldiers were from the 35th infantry regiment and served in Operation Sentinelle , created to guard prominent French sites after a string of deadly Islamic extremist attacks in 2015. (more...)
Gas prices up 8 cents in RI, 5 cents in Mass. Gas prices up 8 cents in RI, 5 cents in Mass.
- August 09, 2017

The nation-al average has increased 1.4 cents per gallon during the last month and stands 11.7 cents per gallon higher than this day one year ago. So far in 2017, average gas prices in Florida have ranged from a high of $2.47 per gallon in April to a low of $2.13 per gallon in the middle of July. (more...)
Cuomo Pans De Blasio's Tax The Rich Plan For Decaying Subway System Cuomo Pans De Blasio's Tax The Rich Plan For Decaying Subway System
- August 08, 2017

Kathryn Wylde, CEO of the pro-business Partnership for New York City and a Cuomo ally, accused Mayor de Blasio of throwing "the city's high earners under the bus". It would affect just under 1% of people filing taxes in the city. "If the city wants to up its contribution to help shore up the subways for commuters and their families - which we support - it certainly has the means to do that", Mr. (more...)
Thousands of 'contaminated' Dutch eggs hit United Kingdom shelves Thousands of 'contaminated' Dutch eggs hit United Kingdom shelves
- August 08, 2017

Dutch food safety watchdog NVWA published a list this week of the serial numbers of eggs that were deemed unsafe, with one specific range of eggs labeled as an acute health hazard because of possible contamination with the insecticide fipronil. (more...)
Why Bitcoin Cash Is A 'House Of Cards' Why Bitcoin Cash Is A 'House Of Cards'
- August 07, 2017

The rest stated that the August 1 hard fork would have minimal impact on the bitcoin network, if any, because the industry has already started to consider Bitcoin Cash as an alternative cryptocurrency (altcoin). Other Asian countries have relaxed regulations, and China is soon going to publish guidelines for trading in the currency . This is attributed to more exchanges accepting bitcoin cash and is said to be its natural stabilization towards its futures value. (more...)
Martin Shkreli Speaks out Guilty Verdict Martin Shkreli Speaks out Guilty Verdict
- August 06, 2017

Brafman encouraged the jurors to be "proud" to say "I gave Martin Shkreli a fair trial even though he is Martin Shkreli ". Shkreli was vindicated on the charges identifying with Retrophin , yet indicted making fake deceptions in regards to two mutual funds he ran. (more...)
Tesla burns through record cash to bring the Model 3 to market Tesla burns through record cash to bring the Model 3 to market
- August 05, 2017

And in July, weekly net order rate for Model S and Model X was about 15% higher than Q2 average weekly order rate. The demo, however, may occur early next year, Musk said during the company's second-quarter earnings call Wednesday. The automaker released its production ramp schedule, and according to it, those who ordered the most expensive models with premium features can expect priority, even if they ordered after buyers who ordered the base model. (more...)
Gunman wounds three at San Francisco park packed with families and tourists Gunman wounds three at San Francisco park packed with families and tourists
- August 05, 2017

Hatter , a witness who goes by that name, told the SF Gate that he saw some park regulars confront the group of men. Unconfirmed reports on social media indicate that at least one person was wounded in the incident; ABC7 reports that a wounded male victim has been transported to a hospital with non-life threatening injuries. (more...)
More and more millennials living with mom and dad More and more millennials living with mom and dad
- August 04, 2017

The share of Canadians aged 20 to 34 who were living with a parent has increased to 34.7 per cent, according to census data released by Statistics Canada on Wednesday. Among Indigenous people in Canada, Cree was the most common- 83,985 people reported that they spoke Cree in their homes in 2016. Canada's 35.15 million people are getting older; there are now more seniors than children under the age of 14. (more...)
Passengers say teen who jumped from plane at SFO was 'anxious, fidgety' Passengers say teen who jumped from plane at SFO was 'anxious, fidgety'
- August 03, 2017

The penalties faced by such a minor too much in a hurry were not yet known. He was also reportedly taken to a hospital for a psychiatric evaluation. Police are questioning passengers who were onboard the flight. "Just a standard landing and then everyone started noticing that I was sitting behind the mid emergency exit door and everyone noticed that the door had come off", passenger Sebastian Tamarelle said. (more...)
Sunshine alert! Great warm weather across NJ to end July Sunshine alert! Great warm weather across NJ to end July
- August 01, 2017

A gradual warming trend through the week will bring temperatures back into the middle to upper 80s by Wednesday . Comfortable temperatures remain in place until late in the day on Tuesday . Daytime temperatures for the week will have a high in the low to mid-to-low 80s and nighttime lows will be about 70, the weather service said. Our best chance for storms will Thursday through Saturday as cold front will slow down and stall to our west. (more...)
BJP to ask absentee Rajya Sabha MPs for explanation BJP to ask absentee Rajya Sabha MPs for explanation
- August 01, 2017

This despite a party whip, which makes it mandatory for lawmakers to be present in Parliament during a vote. BJP President, Amit Shah is satisfied as being the party's president and said that he will not join the Union Cabinet. The BJP chief said that the Indian Space Research Organisation (ISRO) has launched 104 satellites into orbit under the present government. The lone Muslim minister, Mohsin Raza, who is also not a member of either House is most likely on his way out after being ... (more...)
Passengers told to limit luggage to reduce airport delays following terrorism raids Passengers told to limit luggage to reduce airport delays following terrorism raids
- August 01, 2017

Passengers on domestic flights should arrive at airports at least two hours before departure because of extra screening, he said, and those on worldwide flights should arrive at least three hours before takeoff. Colvin said police were still investigating the specification location, date and time of the planned attack, but confirmed that information pointed to the likelihood that "the aviation industry was potentially a target". (more...)
Grab free lipstick from MAC Cosmetics this Saturday only Grab free lipstick from MAC Cosmetics this Saturday only
- July 29, 2017

If you're looking for a neutral, everyday shade, I'm personally partial to Honeylove (the most flawless beige with a hint of pink) and Verve (a muted brownish-plum). (more...)
US Economy Expanded at 2.6% Rate in Q-2 US Economy Expanded at 2.6% Rate in Q-2
- July 29, 2017

Most promisingly, equipment spending soared in the latest data to its fastest pace since the third quarter of 2015, up 8.2 percent, with 4.9 percent growth in structures spending. Andrew Hunter, US economist at Capital Economics, said: "Looking ahead, the strengthening labor market should continue to support real consumption growth, while the business surveys remain at a high level and suggest that investment will continue to recover". (more...)
Amazon Founder Jeff Bezos Beats Bill Gates Amazon Founder Jeff Bezos Beats Bill Gates
- July 28, 2017

But the recent rise in the share price of Amazon pushed Jeff Bezos at the top of the list. Bezos, who founded the company in 1994, owns around 17 per cent of Amazon's shares. Bezos has gained tens of billions of dollars over the previous year as Amazon shares surged more than 40 percent, The New York Times reported . That would put him past Gates, expecting the valuations of their non-stock property haven't changed. (more...)
UK GDP grows 0.3% in second quarter, first half lacklustre UK GDP grows 0.3% in second quarter, first half lacklustre
- July 27, 2017

Commenting on the figures, Darren Morgan, head of national accounts at the Office for National Statistics, said: "The economy has experienced a notable slowdown in the first half of this year". Chris White, head of United Kingdom equities at Premier Asset Management, says it is likely that 'given the lack of consensus and clarity surrounding Brexit , the UK's economic growth will wane, at least on a relative basis compared to other European countries. (more...)
New Trump communications chief vows to 'stop those leaks' New Trump communications chief vows to 'stop those leaks'
- July 24, 2017

Host Jake Tapper began to ask a question about what "this anonymous person" had claimed. He also said on CNN's " State of the Union " that "we're going to defend him very, very aggressively when there's nonsensical stuff being said about him". (more...)
Siemens Cuts Some Russia Ties Over Crimea Turbines Scandal Siemens Cuts Some Russia Ties Over Crimea Turbines Scandal
- July 22, 2017

In addition, Siemens intends to break licensing agreements with Russian state companies for the supply of equipment for power plants and suspend deliveries under existing contracts with all Russian companies controlled by the state. However, those trains cost Moscow over 1 billion euros to buy and cover with a 30-year Siemens service contract. The Munich-based company has halted deliveries of power-generation equipment to Russian state-owned companies, it said in a statement on Friday. (more...)
Justice Department Takes Down AlphaBay 'Dark Web' Marketplace Justice Department Takes Down AlphaBay 'Dark Web' Marketplace
- July 21, 2017

AlphaBay's founder, Alexander Cazes, was arrested in Thailand , and US officials successfully negotiated his extradition to the U.S.in early July. Police also reported seizing four Lamborghinis and three houses worth almost $12 million. (more...)
Sears is adding Alexa support to its Kenmore smart home appliances Sears is adding Alexa support to its Kenmore smart home appliances
- July 21, 2017

Amazon will also begin selling Sears' Kenmore products directly, which is a significant bit of good news (and a new sales channel) for the struggling department store chain. From there, the company plans to expand to the rest of the country, and hopes to eventually offer two-day delivery for Amazon Prime customers. The partnership illustrates a recent trend of traditional retailers that have long fought Amazon deciding to embrace their rival, CFRA Research equity analyst Tuna Amobi said. (more...)
Cabinet approves ONGC buying govt's 51% stake in HPCL Cabinet approves ONGC buying govt's 51% stake in HPCL
- July 20, 2017

As per Wednesday's closing price, a 51.11 per cent stake in HPCL is worth almost Rs 30,000 crore. ONGC has sent a proposal to acquire HPCL and the Petroleum Ministry is working on in-principle approval to the plan, Petroleum Minister Dharmendra Pradhan said on Wednesday. (more...)
Oil is stable as demand balances persistent glut Oil is stable as demand balances persistent glut
- July 20, 2017

Weekly data from EIA shows that total USA oil production is close to 9.4 million bpd, the highest since August 2015. Output cuts from producing countries coordinated by OPEC have been stymied by rising output from Libya and Nigeria, which are exempt. (more...)
Discovery, Scripps Networks discuss merger Discovery, Scripps Networks discuss merger
- July 20, 2017

Either transaction would make sense, for one overriding reason: TV network owners that don't also own a broadcast station or sports need size to sustain their positions on pay-TV platforms. Homebuilders jumped after the Commerce Department said construction of new homes rose 8 percent in June, breaking a three-month losing streak. Shares of Discovery Communications were recently trading up about 4% at $27.02. (more...)
BBC top earners expected to show gender gap BBC top earners expected to show gender gap
- July 20, 2017

The BBC will reveal the salaries of its highest-paid stars in an annual report which will be released at 11am today - the first time that this information has been made public. The actor, who plays Charlie Fairhead in the popular medical drama, earns between £350,000 and £399,000 while, Capaldi languishes between £200,000 to £249,000. (more...)
BHP iron ore output hits new record but copper production tanks BHP iron ore output hits new record but copper production tanks
- July 20, 2017

BHP Billiton Limited (NYSE:BHP) traded down 0.50% during midday trading on Tuesday, hitting $39.44. BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago, enabling the world's third largest producer to meet its full-year guidance and set a bigger target for the current year. (more...)
Highest voter turnout witnessed in 2017 presidential elections Highest voter turnout witnessed in 2017 presidential elections
- July 18, 2017

The ECI has permitted 14 Rajya Sabha members, 41 Lok Sabha members to vote in the State Legislative Assemblies instead of Parliament . Madhya Pradesh BJP MLA Narottam Mishra was disqualified from voting in the Presidential poll . A total of 776 MPs and 4,120 MLAs were eligible to vote. Fifty-four MPs had sought permissions to cast their vote in State capitals. Uttar Pradesh Chief Minister Yogi Adityanath and Goa Chief Minister Manohar Parrikar , who are yet to resign from the ... (more...)
Treasury yields tumble after weaker-than-expected retail sales, inflation Treasury yields tumble after weaker-than-expected retail sales, inflation
- July 16, 2017

The annualised rate of inflation in several CPI components over the past three months showed declines of 4.9 percent in apparel, 5.5 percent in used cars and trucks and 4.1 percent in professional services, said Heidi Learner, chief economist in NY for brokerage Savills Studley, a unit of Savills Plc SVS.L . (more...)
Second person in custody in connection to quadruple murder Second person in custody in connection to quadruple murder
- July 16, 2017

That all changed with a pair of stark revelations Thursday. The details were provided after one of DiNardo's lawyers said Thursday that DiNardo had confessed to murdering the missing men, including a Maryland college student. An attorney for Dinardo did not respond to a message seeking comment, and no one answered when a Washington Post reported visited the address listed for the 20-year-old in court filings. (more...)
Theresa May said she shed a 'little tear' after the election result Theresa May said she shed a 'little tear' after the election result
- July 15, 2017

May, who at the time commanded only a slim majority in parliament, said she chose to call the snap election in order to secure a strong mandate from the British public for her approach to Brexit negotiations with the EU. "I saw a Jeremy Corbyn there who was a good constituency MP, working with those people", she said. Mrs May said there should have been a more positive message during the campaign but she did not regret calling the election because it was "the right thing to do at the ... (more...)
OPEC Output Increases, Saudi Arabia Seeks Solution OPEC Output Increases, Saudi Arabia Seeks Solution
- July 13, 2017

OPEC members led by Saudi Arabia and non-OPEC countries led by Russian Federation took action and capped their oil production to support oil market prices. gasoline demand may have peaked in absolute terms a year ago", Bank of America Merrill Lynch said, adding it expected no tightness once the peak demand summer season was over. (more...)
What's Really Behind President Trump's Voter Commission? What's Really Behind President Trump's Voter Commission?
- July 13, 2017

After pushback and inquiries from across the country, the Federal Election Commission is telling states to hold off on fulfilling its request for voter data following a lawsuit from the Electronic Privacy Information Center . Arkansas has been the only state to comply. Responded Mississippi's Delbert Hosemann, another Republican , "They can go jump in the Gulf of Mexico, and Mississippi is a great state to launch from". (more...)
Honda Confirms 11th US Death From Faulty Takata Airbag Honda Confirms 11th US Death From Faulty Takata Airbag
- July 12, 2017

The Japanese automaker said the incident occurred in Florida in June 2016 when an individual was working on repairs on a 2001 Honda Accord and the air bag ruptured. Of the approximately 29 million cars affected by the Takata recall, some with the most unsafe types of inflators are said to be Hondas and Acuras from the early 2000s, including the 2001-2002 Accord and Civic . (more...)
USA investigates Air Canada near miss that could have caused disaster USA investigates Air Canada near miss that could have caused disaster
- July 12, 2017

Mistaking the airport's Taxiway C - which had four full wide-body aircraft on it waiting to take off - for runway 28R, the pilot can be heard asking air traffic control to confirm that he's cleared to land. He's told there are no other planes on the runway. "Just want to confirm, this is Air Canada 759 we see some lights on the runway there". Air Canada says it too is investigating the flight from Toronto, which had 135 passengers and five crew members. (more...)
Celebrate Free Slurpee Day at 7-Eleven on Tuesday Celebrate Free Slurpee Day at 7-Eleven on Tuesday
- July 11, 2017

This year the brand is flaunting a cotton candy flavor that tastes just like the carnival treat - in addition to the usual Wild Cherry and Coca-Cola flavors, and that odd cinnamon-flavored Pepsi Fire. The 11 FREE Slurpee drink coupons may be redeemed one at a time or all at once. Participating stores will carry Slurpee Chrome Dome Lids and Cups, to get fans to snap selfies on 7/11. (more...)

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