Monday, 17 December 2018
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Inflation at 7-month high on higher food, fuel prices

Retail inflation inched up to a seven-month high in October on the back of higher food, fuel and housing prices, dashing hopes of any cut in interest rates by RBI for now. It was lower by 22.51 per cent in September. Retail inflation has been steadily rising since June, when it eased to 1.46 per cent - its slowest pace since India started releasing such figures in January 2012, based on combined data for rural and urban consumers. Read More »

EgyptAir commits to 24 Bombardier CS300s

EgyptAir chairman and CEO Safwat Musallam said the CS300 will be used for growth and for the replacement of smaller narrowbodies. The Egypt flag carrier is not the first CSeries customer in the Middle East, but it hopes to be the first operator. Read More »

Rosogolla battle ends on a sweet note for West Bengal

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Registry and Intellectual Property India on Tuesday presented the Geographical Indication Tag status to Banglar Rasogolla of West Bengal and Mamallapuram stone sculptures of Tamil Nadu. However, two years on, and West Bengal can finally claim that the rasgulla is officially theirs. Odisha made a claim on September 19 when West Bengal filed an application for the GI tag. Read More »

Brookfield Property Partners offers to buy rest of mall owner GGP

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Renaissance Technologies LLC now owns 445,398 shares of the financial services provider's stock valued at $9,924,000 after purchasing an additional 153,156 shares in the last quarter. from $25.25 to $25.50 and gave the stock an "outperform" rating in a research report on Monday, November 6th. 83,500 shares of the company were exchanged, compared to its average volume of 135,066. Read More »

Carbon emissions up, 'time is running out,' warn scientists

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These are continuing to rise as a outcome of warming driven by ever higher greenhouse gas levels in the atmosphere, in response to the profligate global consumption of fossil fuels . One bright spot was a large drop in the growth rate of India's emissions (from 6% a year to 2%), though it is most likely temporary. It is again a key driver in 2017. Read More »

More Sunshine, Warmer Monday

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We could even see a bit of drizzle in the mix but that's about the extent of today's rain chances. Light to moderate showers developed ahead of it, and they're slowing creeping southeast right along I -20 now, but we do expect them to weaken more as they continue moving southward. Read More »

Lyft is expanding internationally to step up its fight against Uber

The news follows an earlier report that Lyft was poised to grab a third of the ride-hailing market in the USA in the latest sign that the company was continuing to profit off Uber's stumbles earlier in the year. Uber arrived in Canada several years ago and has fought an uphill regulatory battle ever since, leaving it banned or pushed out of some Canadian cities as the taxi cab industry dug in its heels against new competition from unlicensed platforms. Read More »

Idea Cellular reports Q2 net loss of Rs 1106.8 crore

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Idea Cellular Infrastructure Services Ltd, a unit of Idea Cellular , had around 9,900 towers with a tenancy ratio of 1.80 as of 30 September 2017. Idea would get 40 billion rupees from the deal, while Vodafone will get the remainder, the company said. Read More »

McDonald's manager reportedly attacked over nuggets order

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Friday. The incident happened around 3 a.m. on Friday morning at a McDonalds in Indianapolis when two women pulled into the drive-thru complaining that they hadn't received the chicken McNuggets that they ordered, Fox 59 said. "All I knew was I had to just keep on rolling and keep on shooting that video because it was going to help the individuals inside especially that last bit of video because that's when I captured the license plate number", she said. Read More »

Hasbro, Inc. (HAS) Reportedly Mulls Mattel Acquisition

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Joe under the same roof. However, the terms of any possible deal were not revealed. Representatives for Hasbro and Mattel declined comment on the report, saying they don't respond to speculation. Hasbro Inc. shares rose $2.55, or 2.8 percent, to $94. The bankruptcy filing in September by Toy "R" Us, the largest toy retailer in the USA, highlighted struggles that the sector is facing including children's preferences shifting from traditional toys to electronics and online competition ... Read More »

Boeing signs deal to sell 300 planes worth $37 billion to China

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China Aviation Supplies , a state run service that leases aircrafts to most airlines in China and works alongside other companies to finalize any deal made by China on aviation machinery, have recently confirmed that the order that Boeing has won will consist of 40 B777s and B787s, along with 260 B737s. Read More »

Amazon store to pop up in Rochester Hills Whole Foods

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While many Whole Foods began stocking the Amazon Echo and Echo Dot immediately after its acquisition by Amazon in August, the grocery brand announced plans to expand the selection of products on Thursday. Additionally, Amazon pop-up shops will appear at five Whole Foods locations in the next week. The supermarket chain has been facing pushback from fellow mall tenants ever since Amazon acquired it. Read More »

Allahabad Bank net profit up 8% in Q2

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The total number of shares traded during the day was 624508 in over 1874 trades. SBI Chairman Rajnish Kumar , who was named to his position just last month, has said tackling of bad loans would be a key priority, although the bank will not shy away from growth opportunities. Read More »

#OutOfOffice: How women are marking Equal Pay Day

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Today is Equal Pay Day - the date on which women in the United Kingdom effectively start working for free, a full 51 days before the end of the year. "Employers with 250 staff or more need to review their pay systems and publish their gender pay gaps, with a clear action plan in place to close it". Read More »

Texas Roadhouse offers free lunch to veterans

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Dunkin' Donuts: On Saturday, November 11, veterans and active duty military can enjoy a free donut. Provide proof of service required. Buffalo Wild Wings: Active and retired Armed Services Members receive free small traditional or boneless wings and side of fries for dine-in on November 11. Read More »

JC Penney Share Jump on Strong Sales

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Credit Suisse Group AG initiated coverage on shares of J.C. Penney Co. In related news, CFO Jeffrey A. Davis purchased 50,000 shares of the firm's stock in a transaction on Tuesday, August 22nd. Cowen and Company set a $6.00 price objective on J. C. Penney Company, Inc . A negative earnings surprise will usually result in a decline in share price. Read More »

(:MLSS) & NVIDIA Corporation (NASDAQ:NVDA)

Susquehanna Interest Gp Llp reported 0.29% of its portfolio in NVIDIA Corporation (NASDAQ: NVDA ). The stock now has an average rating of Hold and a consensus target price of $166.93. The correct version of this piece of content can be read at nvidia-corp-nvda-coverage-initiated-by-analysts-at-loop-capital/1229324/. The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Read More »

European Union autumn forecast 2017: looking good

Only the United Kingdom's growth outlook is nearly the same as Italy's, but Britain was excluded from the EU-28 table for the first time in view of Brexit. Eurozone inflation is also expected to remain broadly flat at 1.5% in 2017, down from a 1.6% forecast previously, decelerating to 1.4% next year before rising marginally to 1.6% in 2019. Read More »

Tata Motors profit jumps 3-fold to Rs. 2483 cr

Indian carmaker Tata Motors Thursday reported a three-fold increase in quarterly profits, beating analyst estimates and boosted by higher sales from its Jaguar Land Rover business. Lower sales in the United Kingdom and Europe were offset thanks to a considerable rise in China sales - up 27.4 per cent, and a five per cent increase in the US. Read More »

Safety group finds lead in some fidget spinners

The research revealed some of the spinners could contain as much as 300 times the federal limit for lead in children's products. They may be fun to play with, but a new report warns that some fidget spinners could expose kids to lead. High levels of lead can affect multiple systems in the body and is especially harmful to young children, according to the World Health Organization . Read More »

TripAdvisor adds badge to properties where sexual assault has occurred

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These badges are only temporary, however, and last for a three-month period. Decisions to add or remove a badge will be made by an employee committee. Jamie Valeri, who also said she was raped in the resort complex five years later, pointed out that if the website didn't delete Love's review, she might not have gone there at all. Read More »

Walmart Black Friday 2017 Ad: 5 Things to Expect & 3 Not To

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JCPenney and Macy's are among the retailers in the Staten Island Mall that have already released their Black Friday ads. Best Buy offered just over a dozen Black Friday deals early last year, but this year it has gone further by offering hundreds of early Black Friday sales on everything from iPad minis to 4K TVs to Beats Studio2 wireless headphones. Read More »

Snap trims earnings losses after Tencent announces a 10% stake (SNAP)

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That's hardly the kind of talk that inspires confidence. Now, they expect $871.3 million. The shares were sold at an average price of $12.50, for a total transaction of $2,438,750.00. Like Twitter before it, however, Snap has identified a potential problem that could hurt its evolution: its own devoted users. Founder and chief executive Evan Spiegel admitted that the company must do more to grow and outlined new plans to redesign the app which is popular among younger audiences. Read More »

Ex-Yahoo CEO Sorry for Hacks That Affected All 3 Billion Users

Senator Bill Nelson said "only stiffer enforcement and stringent penalties will help incentivize companies to properly safeguard consumer information". Mayer said it's still unclear who is behind the 2013 hack. "The threat from state sponsored attacks has changed the playing field so dramatically that today I believe all companies, even the most well defended ones, could fall victim to these crimes", she said. Read More »

Here's What Propelled Time Warner's Top Line in 3Q17

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Only place worse may be @NBCNews, @CBSNews, @ABC and @CNN. Reports said the hold-up was, however, "all about CNN", citing sources. "We are in active discussions with the DOJ". "Vertical deals are generally seen as pro-competitive and so the government is usually loath to try to stop them", he said in an interview with "Power Lunch". Read More »

Altice USA to launch as a wireless carrier by partnering with Sprint

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Altice USA, the nation's fourth-largest cable company, is teaming up with Sprint, the nation's fourth-largest wireless network, in order to create a new wireless carrier. Altice first began operating in the U.S. in 2015, after acquiring regional cable company Suddenlink. By bundling internet services with content, United States cable companies are hoping to give customers more value, which could help reduce customer churn. Read More »

Qatar Airways Takes a Minority Stake in Cathay Pacific

The investment adds to Qatar Airways' overseas portfolio. The transaction will be completed later on Monday, Qatar Airways said. The airline has been unable to fly to the previously lucrative markets of the United Arab Emirates and Saudi Arabia as part of an airspace rights dispute with neighbours, and has been looking to invest elsewhere to broaden its reach. Read More »