Economy

Kevin Chappell birdies 72nd hole to win Valero Texas Open

Kevin Chappell birdies 72nd hole to win Valero Texas Open

I stayed patient and made a lot of putts". "There wasn't any question I was going to make 4 (birdie) and win the golf tournament". He chipped to two feet on the downwind, 318-yard 17th and had another tap-in birdie. Chappell, the 2008 national player of the year while at UCLA who tied for seventh with Rory McIlroy at the Masters last week, and he got his late charge going Saturday after leaving an eagle putt short at the par-5 14th. Read More

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Wall St climbs as earnings gather pace; AmEx boosts Dow

Wall Street ended the week higher, shaking off worries over conflicts with North Korea and a five-day decline in crude, as a series of positive earnings from major S&P 500 companies kept investors in a buying mood. The stock jumped 6.7 percent to $50.11 after the No. 3 USA railroad operator's quarterly profit beat estimates. Revenue slipped 1% to $27.66 billion from $27.85 billion, but was above the FactSet consensus of $26.37 billion, as GE's power, renewable energy, oil-and-gas, aviation, ... Read More

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Lawyer: United will save evidence in dragged passenger case

Lawyer: United will save evidence in dragged passenger case

Immediately following its recent crisis-in which a passenger was forcibly removed after refusing to give up his seat-the airline said that it needed the seats to accommodate its commuting crew members. According to video taken by passengers, Dao was repeatedly asked to get off the aircraft by law enforcement and told them they would have to drag him off the aircraft. Read More

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Ontario, Canada brings in foreign housing tax to cool market

Ontario, Canada brings in foreign housing tax to cool market

One thing officials did agree on was not to take any measures that would boost housing demand, Morneau said on April 18, adding that policymakers were also looking at steps to deal with speculation. But even Ma, who said only 5 to 8 percent of the 10,000 deals his 1,100 agents did previous year involved foreign investors, thinks it is time for the government to do something about the housing bubble. Read More

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Morgan Stanley posts strong 1Q profit, helped by trading

Morgan Stanley posts strong 1Q profit, helped by trading

They set a "neutral" rating and a $46.00 price target for the company. It closed Tuesday at $41.21, in a 52-week range of $23.11 to $47.33. Morgan Stanley (NYSE:MS) reported first-quarter profit of $1.93 billion. Macquarie reiterated an "outperform" rating on shares of Morgan Stanley in a research note on Thursday, February 16th. Analysts had expected 90 cents a share. Read More

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AmEx Sales Drop 2% to $7.9B, Beat Estimates

AmEx Sales Drop 2% to $7.9B, Beat Estimates

There may be various price targets for a stock. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases. Read More

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Allen returning to Duke for senior season

Allen returning to Duke for senior season

He also dealt with disciplinary issues when he was suspended for multiple incidents of tripping opponents on the court. Allen averaged 14.5 points, good for third on the Blue Devils, as well as a team-best 3.5 assists. That nonconference finale in Greensboro, N.C., on December 21 became the third time Allen tripped an opponent that calendar year. Allen struggled to adjust to his new role as point guard and Duke never met its lofty expectations before falling to SC in the second round of ... Read More

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Dairy farmers worry about trade to Mexico

U.S dairy farmers already struggling with low milk prices worry President Donald Trump's talk of renegotiating the North American Free Trade Agreement could harm trade to Mexico, its biggest export market. House Speaker Paul Ryan was unable to attend because he's leading a congressional delegation on an overseas trip this week. "Now changes in Canada's pricing structure have slammed the door on dairy trade with the United States". Read More

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Insurers say Trump must do more to stabilize 'Obamacare'

She could not be reached late Thursday for comment on the final version. First, the ones that still remain in the individual exchanges have to decide whether to submit their 2018 plan designs and premiums by May 23. Only 20 percent of Americans support keeping things as they are. "If we were able to take that element out, and basically just have one universal payer that handled all the claims-but with the idea that they're not here to make profit, they're here to pay for correct treatment. Read More

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Wells Fargo claws back $75 million from former CEO and top exec

Then-CEO John Stumpf was dragged in front of both the Senate and House of Representatives to testify, where politicians on both sides of the aisle called for criminal charges to be brought against the bank and its executives. In all, 5,300 employees were fired due to sales practice violations, a figure the board did not learn of until the bank settled with regulators in September. Read More

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Chinas inflation rises marginally in March food prices remain major drag

Chinas inflation rises marginally in March food prices remain major drag

Total pay, which includes bonuses, when adjusted for inflation, increased by just 0.2% between December and February from a year earlier, the lowest growth rate since August to October in 2014, the ONS said. "The CPI also will be boosted over the next two months by further utility price rises". In March, the prices of milk and milk-based products surged by 4.69 per cent. Read More

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KFC to remove antibiotics important to human medicine by 2018

KFC to remove antibiotics important to human medicine by 2018

While the privately owned Chick-fil-A stopped putting antibiotics in its products in 2014, followed by McD's in 2016, and then Taco Bell and Pizza Hut last month, KFC is finally promising to do the same - by the end of 2018. "This announcement is a win for anybody who might someday depend on antibiotics to get well or even save their lives - i.e. everybody", Wellington added. Read More

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Government still looking at July 1 for GST rollout, says FM Jaitley

The four bills are the Central Goods and Services Tax Bill (CGST), the Integrated Goods and Services Tax Bill (IGST) the Goods and Services Tax (Compensation to States) Bill and the Union Territory Goods and Services Tax Bill (UTGST). Basis the GST implementation experience in most countries, India may witness an inflationary impact during the transition phase, which should fade away with the legislation sinking in and operationalizing of measures like anti-profiteering. Read More

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Germany approves bill curbing online hate crime, fake news

Germany approves bill curbing online hate crime, fake news

Beyond hate speech and fake news, the draft legislation also covers other illegal content, including child pornography and terrorism- related activity. He said the new bill would not restrict the freedom of expression, but intervene only when criminal hatred or intentionally false news are posted. Critics denounced the bill as a violation of free speech. Read More

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Free Cone Day at Ben & Jerry's

Free Cone Day at Ben & Jerry's

By the early nineties, every scoop shop in the United States joined the efforts to pass out free cones on a single day in May. A lot of ice cream is up for grabs. Then again, I have a wife who isn't working today and if she doesn't stop at a location and get me a Chocolate Chip Cookie Dough cone I'm going to be pretty angry. Read More

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Ivanka Trump, Chelsea Clinton commemorate Equal Pay Day

It's not just progressive states like California taking the wage gap seriously, either - North Dakota passed a bill in 2015 strengthening employer salary reporting requirements. In 2016, Black women made $641 a week compared to white women who made $766, and made almost $300 less than White men (they made $942) according to an analysis by the Institute for Women's Policy Research . Read More

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