ibusinesslines.com November 12, 2018

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Saudi to cut oil exports by 500,000 barrels per day in December
US Federal Reserve Keeps Interest Rates Unchanged
Xbox One keyboard/mouse support launches November 14
Alibaba Singles Day smashes $25 billion sales record
Bombardier cutting 5000 jobs, selling Q400 and flight training programs

Finance

Rolls-Royce To Increase Inspections On Some 787 Engines

Rolls-Royce To Increase Inspections On Some 787 Engines

14 April 2018, 07:53

The manufacturer said the increased inspections were driven by "our further understanding of the durability of the Trent 1000 Package C compressor". The Trent 1000 snag, which concerns the engine compressor, has led to unscheduled shop visits for d...

Trump orders targeted strikes on Syria

Trump orders targeted strikes on Syria

14 April 2018, 03:27

In a televised address, Mr Trump said the USA was prepared to sustain its response until the Syrian regime stopped its use of chemical weapons . She also refuted the accusation of Russian Federation in the United Nations meeting earlier on Fr...

United Kingdom ministers agree need to deter Syrian use of chemical weapons

United Kingdom ministers agree need to deter Syrian use of chemical weapons

14 April 2018, 02:53

UK Prime Minister Theresa May has moved closer committing Britain to military action against Syria , saying "all the indications" are that President Bashar Assad's forces were behind a chemical weapons attack in Douma. No details of United Kingd...

Facebook CEO Mark Zuckerberg Testifies Before Congress

Facebook CEO Mark Zuckerberg Testifies Before Congress

14 April 2018, 02:39

Interestingly, Facebook will still retain some of this data, as the official statement mentions. And if he's hiding information from us, they've gotta know that, too, and legally require him to turn it over. The questions from House members were ...

Someone stole $3 million from Coinsecure Bitcoin exchange

Someone stole $3 million from Coinsecure Bitcoin exchange

14 April 2018, 11:05

In its police complaint, the company claimed that on April 9, Saxena contacted them stating that the funds have been stolen due to an attack, but Kalra did not believe his explanation. The company said in a statement posted on its website, "We regret...

Oil steadies near 2014 highs, as global tensions linger

14 April 2018, 05:44

Brent, the benchmark for global oil prices, earlier climbed to its highest level in more than three years after U.S. President Donald Trump earlier warned Russian Federation to "Get ready" for a U.S. US crude futures CLc1 rose $1.31 to settle a...

Wells Fargo CFO: Government, Not Banks, Should Set Gun-Safety Policies

Wells Fargo CFO: Government, Not Banks, Should Set Gun-Safety Policies

14 April 2018, 04:47

Most of the customer account fraud victims were in Arizona and California. This compares with USD5.63 billion, or USD1.03 per share, in last year's first quarter. "However, we recognize that it will take time to put all of our challenges behind us"....

Headlines Expand, Blizzard Conditions on Doorstep

Headlines Expand, Blizzard Conditions on Doorstep

14 April 2018, 02:42

Much colder air will filter across the region along with strong gusty winds. "Accumulating snow is possible Saturday night into Sunday ". Snow showers will be on and off in areas south and east of the metro. And to the west, in the panhandle, sn...

New Jersey man revealed as victor of $533 million Mega Millions jackpot

New Jersey man revealed as victor of $533 million Mega Millions jackpot

14 April 2018, 01:23

It was just the fourth time the jackpot has surpassed the $500 million mark, lottery officials have said. Wahl says he plans to retire. Wahl waited two weeks before claiming his windfall. Richard Wahl, 47, has been announced as the victor of the Me...

Bratz maker's CEO bids $890 million for Toys 'R' Us stores

Bratz maker's CEO bids $890 million for Toys 'R' Us stores

13 April 2018, 11:20

Larian said the money he bid will come from his own funds, additional investors and bank financing. "The industry will truly suffer". However, Larain says the liquidation of Toys "R" USA would have a negative impact on the toy industry. The company...

Tesla Model Y CUV May See November 2019 Production Kickoff

Tesla Model Y CUV May See November 2019 Production Kickoff

13 April 2018, 11:19

Price Michael F reported 4,000 shares or 0.01% of all its holdings. The company is also rapidly developing a network of superchargers.However, high research and development costs, low number of chargers and high requirement of capital expenditure are...

Fargo profits up, but potential settlement may change that

Fargo profits up, but potential settlement may change that

13 April 2018, 10:42

Barclays boosted their price objective on Wells Fargo from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. Riley in Boston. Wells Fargo has a fifty-two week low of $49.27 and a fifty-two week...

Jaguar Land Rover to cut United Kingdom workforce

Jaguar Land Rover to cut United Kingdom workforce

13 April 2018, 10:35

Much of the slump was down to the monumental dive in diesel sales, which fell by 16 per cent on the back of additional surcharges and changes to VED introduced by the Government last April. JLR revealed "temporary adjustments" to production schedul...

NC brewpub features tarantula burger for Exotic Meat Month

NC brewpub features tarantula burger for Exotic Meat Month

13 April 2018, 10:25

But adults seem to be onboard with items like bug ice cream, bug burgers, rabbit meatball subs , plus creations made from camel, elk, alligator, python, duck, ostrich, boar, turtle, caribou, reindeer, goat, and Rocky Mountain Oysters - otherwise kno...

JPMorgan, Citigroup and Wells Fargo Report First-Quarter Results

JPMorgan, Citigroup and Wells Fargo Report First-Quarter Results

13 April 2018, 10:11

By implementing the simple moving average system, short-term traders can evaluate the stocks effortlessly as compared to the long-term moving average. On Wednesday, February 7 the stock of Citigroup Inc . C opened at $72.13 on Friday. (NYSE:C) has...

With new CEO, Volkswagen shifts focus from scandal to future tech

With new CEO, Volkswagen shifts focus from scandal to future tech

13 April 2018, 08:46

Hans Dieter Potsch, Chairman of the Supervisory Board said, "Matthias Muller has done outstanding work for the Volkswagen Group". Luxury group Audi will be placed in a separate premium division and high-end brands Porsche , Bentley , Bugatti an...

Trump Administration Weighs Plan To Drug Test Food Stamp Recipients

Trump Administration Weighs Plan To Drug Test Food Stamp Recipients

13 April 2018, 02:58

For years, conservative lawmakers at both the federal and state levels have been pushing efforts to have welfare recipients drug-tested. Currently, four states test drug felons before they become eligible. Ed Bolen, senior policy analyst at the Cen...

Trump amps up Amazon fight with an executive order

Trump amps up Amazon fight with an executive order

13 April 2018, 12:58

President donaldtrump late Thursday signed an executive order creating a task force to examine the U.S. Postal Service firm model, a movement that came amid criticism of Amazon and its particular operator Jeff Bezos . In December the President tweet...

Industrial output up by over 7% in February

Industrial output up by over 7% in February

13 April 2018, 10:36

Overall industrial output, which combines manufacturing and energy production, rose 0.1 per cent in February, compared with a 1.3 per cent expansion in January and weaker than the 0.4 per cent consensus in the Reuters poll. The earlier low at 3.58 pe...

Hopwood Hall College smallest gender pay gap

Hopwood Hall College smallest gender pay gap

13 April 2018, 10:31

He added: "We have many very successful women in the business and this will help erode the pay gap". The research, conducted by the National Partnership for Women & Families using data from the U.S. Fashion retailer East Lifestyle had a median ge...

Undulating Stock General Electric Company (NYSE:GE)

Undulating Stock General Electric Company (NYSE:GE)

13 April 2018, 09:42

Price Michael F reported 4,000 shares. The company had Year Ago Sales of 27.66 Billion. On Tuesday, January 30 the stock has "Hold" rating by Stifel Nicolaus. The stock performance is one of these statistics that have to be observed. 45,577 Motorola ...

Hold Recommendation?: Rio Tinto plc (RIO)

Hold Recommendation?: Rio Tinto plc (RIO)

13 April 2018, 06:43

The stock presently has a yearly EPS of $5.12. The company reported EPS (ttm) of 1.55. The Monthly and Yearly performances are 2.05 percent and 30.85 percent respectively. Rio Tinto plc has its outstanding Shares of 1.8 Billion. When prices rise...

Tesla says inattentive driver to blame for fatal Model X crash

Tesla says inattentive driver to blame for fatal Model X crash

13 April 2018, 03:41

Tesla said Thursday it will no longer participate in a U.S. probe of a fatal crash after disagreeing with officials over public disclosures about the investigation. It was an apparent dig at the cherry-red Tesla Roadster that Musk launched into ...

Technical summary on Bed Bath & Beyond Inc. (BBBY)

Technical summary on Bed Bath & Beyond Inc. (BBBY)

13 April 2018, 02:20

They now have a $16 target price on Bed Bath \u0026 Beyond ( NASDAQ : BBBY ). Analysts mean recommendation for the stock is 3.40. Comparable sales decreased 0.6%, with strength in customer-facing digital channels offset by a store decline in th...

Volkswagen has appointed Herbert Diess as CEO

Volkswagen has appointed Herbert Diess as CEO

13 April 2018, 02:05

According to "SPIEGEL", Diess has expressed a desire to lead the wider Volkswagen Group, as well as its flagship brand Volkswagen, simultaneously. Volkswagen's move follows similar initiatives by other manufacturers, such as GM Holden - which launc...

BlackRock's quarterly profit beats estimates

BlackRock's quarterly profit beats estimates

13 April 2018, 01:12

About 21.94M shares traded. It has outperformed by 25.88% the S&P500. Based on this, we estimate BlackRock's total asset base to increase from $6.29 trillion at the end of 2017 to $6.35 trillion at the end of Q1 2018. Deutsche Bank dropped thei...

NXP Semiconductors (NXPI) Expected to Post Earnings of $1.69 Per Share

13 April 2018, 01:06

HBK Investments L P now owns 14,858,400 shares of the semiconductor provider's stock worth $1,739,770,000 after purchasing an additional 524,967 shares during the last quarter. $25,016 worth of Hess Corporation (NYSE:HES) shares were bought by HOLIDA...

Gas prices rise nationally to highest levels since 2015

Gas prices rise nationally to highest levels since 2015

13 April 2018, 12:58

USA crude stocks rose last week while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. EIA forecasts that Brent crude oil will average $63/b ($1.50/gal) this summer, about $12/b ($0.2...

Business groups demanding action on pipeline impasse

Business groups demanding action on pipeline impasse

13 April 2018, 12:25

The goal of the itinerary change is to convene a Sunday meeting with B.C. Premier John Horgan and Alberta Premier Rachel Notley "to discuss next steps for moving the Trans Mountain Expansion project forward", the prime minister's office said in a s...

Bitcoin jumps 10% to two-week high, leads broad crypto surge

Bitcoin jumps 10% to two-week high, leads broad crypto surge

12 April 2018, 10:26

The open was $6861.80. It last traded at EtherDelta exchange. On the Luxembourg-based Bitstamp exchange, Bitcoin spiked as much as 14% at one point in mid-morning European trading and by afternoon, was up 10.3% at $7,657, its highest level since Ma...

Delta Air Lines, Inc. (DAL) Rating Setd by Imperial Capital

Delta Air Lines, Inc. (DAL) Rating Setd by Imperial Capital

12 April 2018, 10:19

Buckingham Research maintained the stock with "Buy" rating in Wednesday, October 5 report. Coldstream Management has invested 0.04% in Delta Air Lines, Inc . The disclosure for this sale can be found here. Over the last three months, insiders have...

Stevenage Toys R Us to close doors next Thursday

Stevenage Toys R Us to close doors next Thursday

12 April 2018, 09:58

Toys "R" Us received interim approval of the incremental financing from the US Bankruptcy Court for the Eastern District of Virginia yesterday, and final approval by the court is scheduled for April 27. The retailer's administrators have confirmed ov...

Inflation Rate Drops For 14th Consecutive Time

Inflation Rate Drops For 14th Consecutive Time

12 April 2018, 09:18

Analysts polled by Reuters had predicted March's consumer inflation rate would ease to 4.20 per cent from 4.44 per cent in February. The Nigerian economy has recorded a drop in the inflation rate for the 14th consecutive time since January 2017, ...

IAG acquires 4.61% stake in Norwegian in 'attractive investment'

IAG acquires 4.61% stake in Norwegian in 'attractive investment'

12 April 2018, 07:14

IAG said in a statement it considered Norwegian to be an "attractive investment". IAG now owns 4,6 percent of Norwegian, a stake it may have bought in order to initiate discussions, the sources said. Kjos has though, said that the airline was "far b...

UK Takeover panel sets Disney/Sky conditions

UK Takeover panel sets Disney/Sky conditions

12 April 2018, 05:42

It also posits that this would not be required if another third party has acquired 50% of Sky by then. The UK Takeover Panel ruled that the Walt Disney Co would have to make a mandatory offer for Sky PLC after completing its proposed USD60.00 billi...

Internet reacts to Mark Zuckerberg's unusual prop at Congress

Internet reacts to Mark Zuckerberg's unusual prop at Congress

12 April 2018, 04:22

One note appears to offer a defense of Facebook and an attack at Cook, saying there are "lots of stories about apps misusing Apple data, never seen Apple notify people". "We didn't take a broad enough view of our responsibility, and that was a big ...

Carpetright closes on Foss Islands Road - leaving a big store empty

Carpetright closes on Foss Islands Road - leaving a big store empty

12 April 2018, 03:32

The beleaguered retailer, which employs 2,700 people in the United Kingdom, said 11 of the sites earmarked for closure had already stopped trading. It plans to shut 92 of these in the short term, while the remaining 113 sites will be subject to a r...

The calm before the storm

The calm before the storm

12 April 2018, 02:22

Our next storm system will increase the threat for severe weather across the Baton Rouge metro, Friday night into Saturday . YOUR FREE WECT MOBILE WEATHER APP: Your First Alert weather app can keep you one step ahead of the storm, and alert yo...

China's SenseTime now world's most valuable AI startup with $600 million funding

China's SenseTime now world's most valuable AI startup with $600 million funding

12 April 2018, 11:43

The latest round of investment followed a $410 million capital injection SenseTime received in July past year. The capital injection will provide important impetus to the buildout of SenseTime's AI platform, advancing the company's technologica...

Necco Wafers at risk of going out of business; candy stores react

Necco Wafers at risk of going out of business; candy stores react

12 April 2018, 10:46

The Massachusetts-based New England Confectionary Company, also called Necco, is the maker of various old-fashioned candy classics, such as Sweethearts , Mary Janes, Candy Buttons, Squirrel Nut Zippers - and the Necco Wafer. Samuels attempted to str...

E Fund MSCI China A GO ETF (CASH)

12 April 2018, 10:44

Despite the past success, investors want to know where the stock is headed from here. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Many traders will use the ADX in combination w...

CBI probing Rs 5280cr Choksi loan

CBI probing Rs 5280cr Choksi loan

12 April 2018, 09:20

Additional solicitor general Sandeep Sethi, appearing for ED, argued that the jurisdiction of the high court under Article 226 of the Constitution of India was discretionary in nature and a "fugitive" should not be allowed to seek any relief under it...

Should You Be Careful About Investing in Stock?: Exxon Mobil Corporation (XOM)

Should You Be Careful About Investing in Stock?: Exxon Mobil Corporation (XOM)

12 April 2018, 08:18

Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. Moreover, Hl Financial Service Limited has 2.2% invested in Exxon Mobil Corporation (NYSE: XOM ...

Fed Talks Faster Pace Of Rate Hikes, Minutes Show

Fed Talks Faster Pace Of Rate Hikes, Minutes Show

12 April 2018, 08:10

At the March meeting, the Fed raised its benchmark federal-funds rate by a quarter percentage point to between 1.5% and 1.75%. "Participants did not see the steel and aluminium tariffs, by themselves, as likely to have a significant effect on the n...

Theresa May 'orders submarines to Syria as Britain prepares to strike'

Theresa May 'orders submarines to Syria as Britain prepares to strike'

12 April 2018, 07:40

The likelihood of a US strike on Syria appeared to heighten Wednesday morning, after President Donald Trump warned in a tweet that missiles " will be coming " toward Syria . Tensions rose in Syria after reports of a suspected chemical att...

CFPB chief: The Consumer Financial Protection Bureau 'does not exist'

CFPB chief: The Consumer Financial Protection Bureau 'does not exist'

12 April 2018, 07:31

Mulvaney told lawmakers that he's interested in gathering more data about potential changes to data required from companies under the Home Mortgage Disclosure Act (HMDA), as well as the CFPB's controversial consumer complaint database. "I still m...

Last-Gasp Ronaldo Penalty Gives Real Victory Over Juventus

Last-Gasp Ronaldo Penalty Gives Real Victory Over Juventus

12 April 2018, 06:46

Buffon had particularly irked the referee in the violent manner he protested the decision. "Lucas was pushed from behind and if the penalty was given, it's a goal". Real coach Zinedine Zidane was more sympathetic towards Buffon. "We can not p...

Credit Suisse Group Increases Bank of America (BAC) Price Target to $36.00

Credit Suisse Group Increases Bank of America (BAC) Price Target to $36.00

12 April 2018, 02:15

Needham Investment Management Llc decreased its stake in Apple Inc (AAPL) by 18.81% based on its latest 2017Q4 regulatory filing with the SEC. Rothschild Asset Management Inc sold 115,226 shares as the company's stock declined 1.20% with the market.

Alibaba Group Holding Limited (NYSE: BABA)

12 April 2018, 01:02

In recent trading day Alibaba Group Holding Limited ( BABA) stock showed the move of 4.26% with the closing price of $177.10. The S&P 500 had been up as much as 1.90 per cent before midday, but started to backtrack following media reports that R...

Fox Networks raided by European Union antitrust authorities

12 April 2018, 12:04

In a statement, the European Commission said it had concerns that Fox and other companies that were raided "violated EU anti-trust rules that prohibit cartels and restrictive business practices". Sports broadcasting has become a huge business in Euro...

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