Economy


U.S. airlines to scoop nearly half of global profit in 2018 U.S. airlines to scoop nearly half of global profit in 2018
- December 06, 2017

But not all the forecasts are so positive, with passenger demand measured in revenue passenger kilometres - measures of traffic for an airline flight - set to rise by only 6%, slightly less than 2017's 7.5% increase. This may indicate spillover from the impact of Hurricanes Irma and Maria. Capacity grew 9.1 percent, but load factor decreased.3 percent. "Per passenger, airlines on average will make less than $9 and the net margin of 4.7 per cent is hard won", he added. (more...)
Cboe plans December 10 launch of Bitcoin futures trading Cboe plans December 10 launch of Bitcoin futures trading
- December 05, 2017

But the cryptocurrency could be poised to become a friend to institutional investors, with one of the largest derivatives exchanges in the world, CME Group , planning to launch bitcoin futures before the end of the year. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that now contribute the pricing data for calculating the BRR. CBOE has already expressed its desire to list these products, and - just this week - The Wall Street Journal reported Nasdaq Inc. (more...)
GDP growth breaks 5-Q slide GDP growth breaks 5-Q slide
- December 03, 2017

Expressing concern on the GDP numbers, Finance Minister Arun Jaitley said, "Last five quarters had witnessed a downward trend, GDP at 6.3% marks the reversal of that trend". The reasons for the foreseen growth recovery are many: a rise in industrial production and exports, restocking by businesses after the transition to GST and some major festivals that would have boosted consumer demand. (more...)
Black Friday online sales rise, but footfall dips Black Friday online sales rise, but footfall dips
- November 30, 2017

Multichannel shoppers spent about $49 more than those shopping only in-store, and $82 more than those shopping online. Average spend per person over the five-day period was $335.47, with $250.78, or about 75%, going toward gifts, according to NRF . (more...)
White House Gingerbread House It's Huuuuge!!!! 300 Pounder White House Gingerbread House It's Huuuuge!!!! 300 Pounder
- November 30, 2017

Furthermore, lack of information about her daily activities has generated speculation she spends less time in the White House than is usual for a First Lady. Ms Trump has had a fraught relationship with her husband's first wife Ivana Trump . Oh, and everything else, too. When Melania Trump delayed her move to the White House, there was speculation that the marriage was troubled. (more...)
Online sales keep soaring while in-store numbers stay flat Online sales keep soaring while in-store numbers stay flat
- November 29, 2017

Adobe Analytics is projecting Cyber Monday 2017 could be the biggest USA online shopping day ever. E-commerce, however, is again expected to show the most growth. "People increasingly know where to find the best deals and what they want to purchase, which results in less price matching behavior typically done on desktops", the executive added. (more...)
TRAI bats for net neutrality, says internet services should be non-discriminatory TRAI bats for net neutrality, says internet services should be non-discriminatory
- November 29, 2017

Lauding the involvement of content providers, service providers, access providers, research, and academia to monitor violations and make recommendations to the authority on regulations and standards, Nasscom said such a uniform approach would facilitate fair, alert and effective implementation of Net Neutrality . (more...)
Meredith seals $1.85B deal for Time Inc Meredith seals $1.85B deal for Time Inc
- November 28, 2017

Meredith Corp is buying Time Inc for about $1.8bn (£1.35bn), a deal CEO Stephen Lacy called "a transformative and financially compelling growth opportunity" that joins two giant magazine companies. owns properties including Time , Sports Illustrated , People , Fortune and Entertainment Weekly. However, acquiring Time Inc with the help of the Koch brothers will give their media group access to a total readership of over 130 million and a subscription circulation of close to 60 ... (more...)
Black Friday Online Sales Surge to New Records With Mobile Pushing Fastest
- November 28, 2017

Shares of retailers such as Macy's Inc and Wal-Mart were up on Monday following a promising start to the holiday season and ahead of what is expected to be the largest US online shopping day in history. ShopperTrak senior executive Brian Field released a statement on the debate over the decline in in-store retail shopping. Shoppers started lining up as early as 5:45 p.m. (more...)
Hackers Stole Personal Info Of 57 Million Uber Users, Company Says Hackers Stole Personal Info Of 57 Million Uber Users, Company Says
- November 23, 2017

The company's admission that it failed to disclose the breach came as Uber was seeking to recover from a series of crises that culminated in the Mr Kalanick's ousting in June . That pledge shouldn't excuse Uber's previous regime for its egregious behavior, said Sam Curry, chief security officer for the computer security firm Cybereason. (more...)
Here's a look at your Thanksgiving forecast in MA Here's a look at your Thanksgiving forecast in MA
- November 21, 2017

Warmer air return tomorrow with highs climbing into the mid 60s. Sunday night is when the temperatures hover back below freezing, with lows around 30. Even cooler weather is expected on Wednesday as highs should only reach the mid-40s, before a nice warm-up on Thursday , when the Thanksgiving high looks to be around 60 degrees. (more...)
Modi govt sabotaging Winter session of Parliament: Sonia Modi govt sabotaging Winter session of Parliament: Sonia
- November 21, 2017

Counting of votes and declaration of results will take place on December 19, Mullapally Ramachandran, the chairman of the Congress' central election authority, told reporters after the CWC meeting. Rahul's reluctance to lead the party from the front was also seen as a reason for the delay in his coronation. "Thus, despite a disastrous track record, Rahul's elevation as the next Congress president was a foregone conclusion", he added. (more...)
In Crackdown on MS-13, ICE Arrests Six in Montgomery County In Crackdown on MS-13, ICE Arrests Six in Montgomery County
- November 19, 2017

While Operation Raging Bull is being heralded as a victory, there are still many risky MS-13 members that the government is still targeting. The first phase of the operation involved unsafe members of the gang, and the initial arrests in El Salvador numbered 53, after a year and a half of investigation that concluded in September. (more...)
Slight rise in Idaho unemployment for October Slight rise in Idaho unemployment for October
- November 18, 2017

The state's unemployment rate has dropped for the second month in a row. The state unemployment rate dipped to 2.7% in October, a tenth of a percent lower than in September. Pennsylvania's nonfarm jobs count was down 4,300 from September's record high level to 5,973,800 in October. The Omaha metro area's rate of 2.4 percent also was the lowest in almost 20 years. (more...)
Japan: Train departs 20 seconds early, rail operator apologises Japan: Train departs 20 seconds early, rail operator apologises
- November 17, 2017

The company said the train had been scheduled to depart at 9:44:40 - but left at 9:44:20. The Tsukuba Express railway connects Akihabara and Tsukuba, two towns that are about 37 miles apart, a journey that takes about 45-minutes. As such, a train leaving 20 seconds early could cause some commuters to miss their trains, resulting in them missing their other transfers along their destinations and snowballing into them being late for work or their appointments, Japan Today said. (more...)
Best Black Friday Deals 2017 Best Black Friday Deals 2017
- November 16, 2017

You definitely don't want to stand in line with all the other Walmart Black Friday shoppers on Thanksgiving Day to buy these items, and many simply aren't worth buying as part of the online Walmart Black Friday deals either. Walmart is shying away from mentioning Black Friday in its current sale but trust us, you're going to find some killer Black Friday level discounts on a number of products on the retailer's "Holiday Specials" sale page. (more...)
Sprint is adding free Hulu service to its unlimited plan Sprint is adding free Hulu service to its unlimited plan
- November 16, 2017

Users can sign up for the deal on Friday by going to sprint .com/hulu from their Sprint phone and following the outlined steps. Sprint customers with unlimited-data plans will soon enjoy free access to Hulu , Variety reported Wednesday. (more...)
Rasgulla: West Bengal gets GI Status over Odisha for Rosogolla Rasgulla: West Bengal gets GI Status over Odisha for Rosogolla
- November 15, 2017

The eastern state, known for its saccharine laden delicacies, West Bengal has once again proved that they are the king of candies by winning the Geographical Identification (GI) battle over one of India's signature candies rosogolla . Abdur Rezzak Mollah, Food Processing Minister stated "Earlier we had fought a similar battle with other states over the GI of Joynogorer Mowa". As per the documents submitted by the West Bengal government, the Rasgulla was invented by sweet maker Nabin Chandra ... (more...)
Hasbro, Inc. (HAS) Reportedly Mulls Mattel Acquisition Hasbro, Inc. (HAS) Reportedly Mulls Mattel Acquisition
- November 14, 2017

During the same quarter in the prior year, the business earned $0.71 EPS. Weekly performance analysis shows the equity at 11.43%.Covering Sell-Side analysts have offered recommendations and price target estimates on Mattel , Inc. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and global copyright law. TheStreet downgraded Mattel from a "c" rating to a "d" rating in a research report on Thursday, October 26th. (more...)
More Sunshine, Warmer Monday More Sunshine, Warmer Monday
- November 14, 2017

A weak backdoor cold front will begin to edge in over the northeast but will have only minor affects on our weather. Saturday: We will kick of the weekend with partly sunny conditions and slight chance for rain in the early morning hours. (more...)
Idea Cellular posts smaller-than-expected Q2 loss; shares plummet 3 Idea Cellular posts smaller-than-expected Q2 loss; shares plummet 3
- November 14, 2017

The transactions will help ATC strengthen its foothold in India's telecom tower sector. "The aggregate cash consideration for the transactions is expected to be Rs 78.5 billion, or approximately $1.2 billion at current exchange rates, subject to customary closing adjustments", said the United States based tower company that had earlier acquired Viom Networks, another Indian tower company. (more...)
JC Penney Share Jump on Strong Sales JC Penney Share Jump on Strong Sales
- November 12, 2017

Penney CEO Marvin Ellison said on a call to discuss earnings, noting that where the retailer did not have a centralized pricing strategy just over a year ago, it would now be aggressive on pricing online and in stores. During the same period in the previous year, the firm posted ($0.21) EPS. The business's revenue was down 1.8% on a year-over-year basis. sell-side analysts anticipate that J.C. (more...)
Eurozone growth at fastest pace in 10 years Eurozone growth at fastest pace in 10 years
- November 10, 2017

UK GDP growth for 2017 was downgraded to 1.5% - from 1.8% in the previous forecast in the spring - with the prediction for 2018 unchanged at 1.3% and a gloomier 1.1% for 2019, when Britain is due formally to leave the EU. "After five years of moderate recovery, European growth has now accelerated", EU Economy Commissioner Pierre Moscovici said. Moreover, structural convergence and the strengthening of the euro area are necessary to make it more resilient to future shocks and to turn it into ... (more...)
At Walmart, Black Friday starts on Thanksgiving At Walmart, Black Friday starts on Thanksgiving
- November 10, 2017

Still, it may be the safer bet to drop by brick-and-mortar Best Buy locations on Thanksgiving, when tickets will be handed out around 3 p.m. local time. on Thanksgiving morning. He said the company is confident that it has enough of the deal items in stock that it doesn't need to require customers to line up for wristbands. (more...)
Disney negotiating to buy 21st Century Fox studio, FX, Nat Geo Disney negotiating to buy 21st Century Fox studio, FX, Nat Geo
- November 08, 2017

The pre-merger clearance process would very likely take a number of months, and the final deal might look very different from what the studios agreed to at the beginning, especially if Disney is required to sell Fox assets to get government approval. (more...)
Target opening at 6 PM Thanksgiving Night Target opening at 6 PM Thanksgiving Night
- November 07, 2017

Last year , a NerdWallet study found that some stores inflated the amount of certain Black Friday discounts to make deals appear better than they actually were. As is the case with other retailers, Penney is getting an earlier start on Black Friday deals, starting online promotions on the preceding weekend rather than they day before, and the company has already released its 72-page Black Friday circular, publishing it nearly a week earlier than previous year. (more...)
Bizarre Places People Have Been Caught Having Sex in Public
- November 07, 2017

TWO plane passengers have been arrested after a woman performed a sex act on the man sitting next to her during a flight. The two were strangers before the flight, officials said. The lusty duo were issued citations for the raunchy in-flight entertainment, and the matter ended in the FBI's lap. "There are seniors. These things should be respected". (more...)
Starbucks Announces TAZO Sale to Unilever
- November 04, 2017

Starbucks said that, by selling Tazo, it would "sharpen its focus on its up-level tea strategy with Teavana ". Now the iconic tea brand is sold primarily in grocery, mass and convenience channels, offered in formats including packaged teas, K-Cup pods, and bottled ready-to-drink teas. (more...)
Why it should worry you that Trump's Twitter feed went down Why it should worry you that Trump's Twitter feed went down
- November 04, 2017

Twitter said it would not remove the tweet or suspend Trump's account , explaining that the company takes a number of factors into account when faced with controversial user-generated content, including its "newsworthiness" and whether it has "public interest". (more...)
CME Readies Bitcoin Futures in One Small Step for Cryptocurrencies CME Readies Bitcoin Futures in One Small Step for Cryptocurrencies
- November 01, 2017

CME Group Chairman and CEO Terry Duffy said in a statement the company's decision was driven by the "increasing client interest in the evolving cryptocurrency markets". Previously, the largest US options exchange - Chicago Board Options Exchange (CBOE) said that its Futures exchange is planning to offer cash-settled bitcoin futures maximum by early 2018. (more...)
Sprint: Not Clear Talks Are Off with T-Mo, Says CNBC's Faber
- October 31, 2017

The two companies have been in talks for months, and Softbank had hoped to combine the two companies as early as 2013 . Japan's SoftBank Group Corp is planning to break off negotiations on a merger between subsidiary Sprint Corp and T-Mobile US Inc due to a failure to agree on ownership of the combined company, Nikkei reported on Monday. (more...)
Winx unstoppable on way to Cox Plate trifecta Winx unstoppable on way to Cox Plate trifecta
- October 30, 2017

Winx had to overcome a tough three wide run and sustained a long run from the 800m when Hugh Bowman made a decision to put the pressure on her rival runners. She is the type of horse that you dream of. "We've just got to make sure that challenge isn't a breaking point". "You never know what is going to happen on a racetrack and it was great to see her moving forward in that normal style, but gee, Humidor gave us a hell of a fight". (more...)
Jeff Bezos Just Passed Bill Gates For World's Richest Person
- October 29, 2017

Bezos, who owns 17 percent of Amazon stocks, saw his net worth soar $10 billion to $92.8 billion at 1630 GMT - just three hours after USA markets opened. Jeff Bezos has leapfrogged Bill Gates again for the title of world's richest billionaire. Bezos, 53, topped the list July 27 before losing it hours later to Microsoft co-founder and CEO Bill Gates. (more...)
New US airport screening: What will be different when you land New US airport screening: What will be different when you land
- October 29, 2017

New security measures including stricter passenger screening take effect on Thursday on all US -bound flights to comply with government requirements aimed at responding to threats of hidden explosives, airlines said. AI and United are the only two airlines that fly nonstop between India and US. SIA put up a notice on its website on October 25 to remind travel-lers of the tighter security screening, though The Straits Times understands that checks at Changi Airport were already intensified in ... (more...)
Need more internal democracy in political parties: PM Modi Need more internal democracy in political parties: PM Modi
- October 29, 2017

Though the prime minister made no reference to any rival party, but his comments come against the backdrop of reports that the Congress may elevate its vice president Rahul Gandhi as president in place of his mother Sonia Gandhi. The party's expansion may be a reason behind divergent views, he said. He said the nation is entering the new year with a lot of positivity. While the government and media may have complaints against each other, Modi hoped the two can still amicably work together ... (more...)
Sensex trims gains as telecom, banking stocks falls Sensex trims gains as telecom, banking stocks falls
- October 28, 2017

A healthy inflow of foreign funds and a strengthening of the rupee's position against the USA dollar kept the market trajectory northwards throughout the session. Among the laggards, the S&P BSE Bankex Index fell 0.8 percent after rallying in the past two sessions. Foreign portfolio investors (FPIs) sold shares worth a net Rs 375.63 crore yesterday, as per provisional data released by the stock exchanges. (more...)
BJP to celebrate Nov 8 as 'anti-blackmoney day' BJP to celebrate Nov 8 as 'anti-blackmoney day'
- October 27, 2017

Raja, Dravida Munnetra Kazhagam (DMK) Member of Parliament Kanimozhi and Bahujan Samaj Party (BSP) Member of Parliament Satish Mishra. We shall be highlighting the moves taken by our government in this direction. "I can quite understand their discomfort". "Congress had adequate opportunity to be in power, and I can't recollect a single significant step that they ever took against black money", said Jaitley. (more...)
United Kingdom economy grows by 0.4% amid pressure for interest rate hike
- October 26, 2017

The UK's quarterly gross domestic product growth rose to 0.4% in the third quarter from 0.3% in the second, beating expectations for 0.3% growth. It comes as the Bank's Monetary Policy Committee (MPC) mulls whether to raise interest rates from record lows of 0.25% in November, as inflation continues to soar. (more...)
Europe sale drags GM to a Q3 loss; operating profit falls 31% Europe sale drags GM to a Q3 loss; operating profit falls 31%
- October 25, 2017

Boyd Watterson Asset Mgmt Limited Com Oh holds 0.48% of its portfolio in General Motors Company (NYSE:GM) for 27,000 shares. Rand Wealth Limited Liability Corporation has invested 0.2% in General Motors Company (NYSE:GM). Nevertheless, the financial results for the period from July through the end of September equaled $1.32 a share, which beat expectations on Wall Street. (more...)
Could London's T-Charge be the end for toxic fumes? Could London's T-Charge be the end for toxic fumes?
- October 25, 2017

The new charge will be applied during 7am to 6pm weekday hours and comes on top of the existing congestion charge of 11.50 pounds, which has been in place since 2003. By 2019, the Mayor's office will introduce an Ultra Low Emissions Zone which will mean many more vehicles will have to pay the charge - and by then it is hoped pollution will be reduced by as much as 50 per cent. (more...)
Child, 2, crushed to death becomes eighth victim of recalled Ikea drawers Child, 2, crushed to death becomes eighth victim of recalled Ikea drawers
- October 23, 2017

A company spokeswoman said it was unclear how numerous recalled dressers were still in use. "Our hearts go out to the affected family, and we offer our honest condolences during this most hard time". If a consumer is unable to bring the product back to the store, Ikea will arrange to pick it up at their home". Still, a large number of consumer safety groups - including the American Academy of Pediatrics and the Consumer Federation of America - are not satisfied that these changes are ... (more...)
Google parent firm puts down $1B investment on Lyft
- October 23, 2017

Lyft will use the new $1 billion funds to double down on the USA market. In conjunction with the funding, CapitalG Partner David Lawee is joining Lyft's Board. Those relationships are further complicated by how Uber is dealing with a lawsuit filed by Waymo, the self-driving vehicle unit that is owned by Alphabet. (more...)
Gilead ramping up auto T clinics after US FDA Yescarta approval Gilead ramping up auto T clinics after US FDA Yescarta approval
- October 21, 2017

There are approximately 72,000 new cases of National Hockey League diagnosed in the United States annually. To date, 100 patients have reportedly been treated with Yescarta. Also, patients must be informed of the potential serious side effects and of the importance of promptly returning to the treatment site if side effects develop. (more...)
Rio Tinto and former bosses hit with United States fraud charges Rio Tinto and former bosses hit with United States fraud charges
- October 19, 2017

Rio Tinto raised $5.5 billion from USA investors, approximately $3 billion of which was raised after May 2012, when executives at Rio Tinto Coal Mozambique had already told Albanese and Elliott that the subsidiary was likely worth negative $680 million. (more...)
Ford recalls over a million trucks Ford recalls over a million trucks
- October 19, 2017

The recall includes trucks sold in the United States, Canada and Mexico. "In affected vehicles, a frozen door latch or a bent or kinked actuation cable may result in a door that will not open or will not close condition", Ford said in a statement. (more...)
IBM launches blockchain partnership for improved cross-border payments IBM launches blockchain partnership for improved cross-border payments
- October 18, 2017

Several global banks have already partnered with IBM for this solution which includes Wizdraw (KH) of WorldCom Finance, TD Bank, Rizal Commercial Banking Corp. And blockchain will be used to record the whole thing from the farmer's collateral to letters of credit to pay. IBM informed that it is closely working with Spain's BBVA, Indonesia's Bank Danamon and Australia's National Australia Bank to implement solutions using blockchain. (more...)
Harley-Davidson Q3 Income Retreats 40%
- October 18, 2017

Harley-Davidson ( HOG ) released earnings for third quarter that fell compared to the same period previous year. Harley-Davidson, Inc. (NYSE: HOG ) shares have been recently spotted -26.46% away from the 52-week high, and 2.41% away from the 52-week low mark. (more...)
Forbes List: Trump's Fortune plummets $600 Million to $3.1 Billion
- October 18, 2017

As a candidate, Trump said his net worth was more than $10bn, but Forbes pegged that figure at $4.5bn in September 2015. The Forbes 400 list features the wealthiest billionaires in the United States, but not every American with three commas in their net worth made the cut. (more...)
Facebook enables ordering food deliveries from platform Facebook enables ordering food deliveries from platform
- October 17, 2017

You can also read friends' meal reviews. Facebook has partnered with a number of food delivery services - Delivery.com, DoorDash, ChowNow, Zuppler, EatStreet, Slice, and Olo - and outlets - Papa John's, Wingstop, Panera, Jack in the Box, TGI Friday's, Denny's, El Pollo Loco, Chipotle, Five Guys and Jimmy John's - to give users a wide range of choice. (more...)
Bank of America Corporation (BAC) Earns Bank of America Corporation (BAC) Earns "Buy" Rating from Oppenheimer Holdings, Inc
- October 15, 2017

ANTM's SI was 5.96M shares in October as released by FINRA. M Holdings Securities Inc. now owns 95,018 shares of the financial services provider's stock valued at $2,242,000 after purchasing an additional 40,069 shares during the period. Alliancebernstein LP holds 63.15M shares. Bridgeway Capital Management Inc, a Texas-based fund reported 43,357 shares. 50,846 are owned by Grimes And. (more...)