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GDP Growth Beat Economists Expectations

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The data comes after the fourth quarter previous year grew 2.9%. The slowdown in consumer spending in the first quarter offset more positive developments such as continued momentum in business investment and a rise in USA exports. "There's some speculation that the extra money, which is definitely there, might take a little longer for people to turn into consumption", he told reporters at a breakfast Thursday sponsored by the Christian Science Monitor. Read More »

Cloud, Office growth helps Microsoft log $36.8bn in revenue

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The company's net income also rose 35% to 7.4 billion dollars (£5.3 billion). Office commercial products, on its own, declined by 15% (16% CC), and Microsoft says that this is because more businesses are moving to the cloud. Revenues at office commercial products and cloud services revenue increased 14 percent, driven by Office commercial revenue growth of 42 percent. Read More »

Customs union not enough, says FTA

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Labour's Sir Keir Starmer said: "Amber Rudd appears to have let slip that discussions around the cabinet table about negotiating a customs union with the EU have not in fact concluded". The Prime Minister is now exclusively focused on internal party management and masking the divisions within her government. The customs union has become the latest battleground between those that want to leave Europe decisively and those who would prefer a "soft Brexit", where numerous current ... Read More »

US Now Exports Oil Than Africa Top Oil Producer, Nigeria

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The United States of America is now exporting crude oil more than Africa's top oil producing country - Nigeria . US President Donald Trump has been very vocal of his displeasure with the current 2015 deal that has lifted trading sanctions and implemented regulatory safeguards on Iran's nuclear capabilities. Read More »

Ford limiting vehicle lineup to Mustang, Focus

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Shanks wouldn't say whether Ford would need to eliminate jobs to achieve the additional $11.5 billion in cost cuts. Savings will come from engineering, product development, marketing, materials and manufacturing. Shanks said Ford is "unleashing the creativity of the teams to challenge norms, challenge conventions". Cuts and efficiencies are not done yet, he said. Read More »

Trump Administration Must Accept New DACA Applications, Federal Judge Rules

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U.S. Supreme Court Justice Sonia Sotomayor. A spokesman for the Justice Department , quoted by Politico , said the administration will continue to defend its decision to end DACA. The Trump administration had sought to phase out the program starting last month, but two previous federal rulings stalled its efforts. The Ninth U.S. Read More »

3% Isn't the Most Important Number in the Bond Market

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It could also lead to reduced spending-pushing stocks lower, and forcing investors to rejigger their portfolios after years of ultra-low rates. "Finally, weak credit fundamentals and higher equity market volatility are likely to amplify the impacts". Read More »

Brexit regulatory equivalence is "pragmatic solution" says European Union financial services boss

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Last December Switzerland's stock exchange was only given temporary equivalence access, angering the Alpine state, whose minister for global finance, Joerg Gasser, cautioned Britain about going down the same road. A 21-month transition deal was agreed at an European Union summit in March, meant to give firms more time to meet new rules under Brexit and prepare their contingency planning. Read More »

Intertek Group plc (LON:ITRK) Ratings Summary as of April 23, 2018

As per Thursday, November 2, the company rating was maintained by UBS. JP Morgan has "Overweight" rating and GBX 1305 target. Berenberg maintained Spire Healthcare Group Plc (LON:SPI) rating on Wednesday, May 11. Daiwa Securities has 0.02% invested in Marathon Petroleum Corporation (NYSE:MPC) for 34,135 shares. Among 9 analysts covering Supervalu Inc. "Buy" rating has 4, "Sell" are 0, while 0 are "Hold". Read More »

Jetstar examines checks after 12-year-old's lone Bali trip

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Drew apparently did not like his mother's response and chose to go on the trip anyway - by himself. Drew searched the internet for airlines that allowed 12-year-olds to fly unaccompanied and booked himself a ticket and a hotel room. However, his four-day vacation was not as carefree as he planned. The parents went to the police after school the teacher asked why drew didn't come to class. Read More »

Amazon rumoured to be developing a domestic robot

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While the project has been in development for some years, the company has recently stepped up its hiring. The Lab 126 Jobs page now has numerous listings for software engineers who specialize in robotics and principle sensors engineers. Amazon's reported robot will ship before anything Apple has in the works. In the future, Alexa will sense a deviation from the baseline of what your voice typically sounds like, then use this to inform your experience with Alexa-enabled devices. Read More »

Korean Air owner's daughters step down

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Some analysts said that Korean Air's ownership risk will have a limited impact to the air carrier's stock price, as the company has enjoyed a boom in the cargo industry and growing demand for outbound travel. She forced a plane back to the boarding gate at New York's John F. Kennedy International Airport because she was upset with the way her nuts were served - in an unopened bag instead of on a plate. Read More »

Israel denies killing Palestinian lecturer in Malaysia's capital

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Palestine will approach the UN Security Council to demand global protection for Palestinians under Israeli occupation, a spokesman for President Mahmoud Abbas said on Friday, the Anadolu Agency reported. Malaysian police chief Mohamad Fuzi Bin Harun said on Sunday that no arrests had been made. When asked who he blamed, he replied: 'The Israeli Mossad. Read More »

Vigil begins for woman killed in Southwest flight

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The pilot made an emergency landing; the woman later died from her injuries. With a total of more than 8,000 of the engines now in use on both commercial and military aircraft, the engine is considered one of the safest and most efficient in the world. Read More »

Summary of Bloomsbury Publishing plc (LON:BMY) Ratings

The stock of HSBC Holdings plc (LON:HSBA) has "Hold" rating given on Monday, April 4 by Deutsche Bank. On Tuesday, February 27 the firm has "Hold" rating given by Numis Securities. The stock decreased 0.09% or GBX 0.5 during the last trading session, reaching GBX 585.5. About 2.04M shares traded. Listed here are Genus plc (LON:GNS) PTs and latest ratings. Read More »

Orlando weather: Breezy Friday to see mostly sunny skies

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Moisture is back! After starting with areas of fog/drizzle and mist this morning and cloudy skies.we're calling for a 50% rain/storm chance today with highs in the 70s. North winds 10 to 15 miles per hour. Rain that began overnight was expected to continue throughout Thursday , but that should be the end of wet weather for the week, forecasters said. Read More »

Dry for the weekend, rain returns Monday

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There will likely be rain on Monday and all day Tuesday , tapering off on Wednesday . We will also see a mix of clouds and sunshine heading into the middle of next week. Overnight lows Saturday night dip into the 50s. This sets the stage for several nice days with warming temperatures expected. Partly to mostly cloudy skies in the morning will give way to overcast skies by the afternoon. Read More »

Coca-Cola European Partners plc (NYSE:CCE): A Distinct Look Into The Stock

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It has underperformed by 42.83% the S&P500. Texas Permanent School Fund decreased its stake in Oge Energy Corp (OGE) by 7.41% based on its latest 2017Q4 regulatory filing with the SEC. Valley Natl Advisers has invested 0.02% in Weyerhaeuser Company (NYSE:WY). The Coca-Cola Company (KO ) has so far tried and showed success to beat the consensus-estimated $0.38, with their earning staying at $0.39 per share. Read More »

The Coca-Cola Company (NYSE:KO)

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Cannell Capital Llc, which manages about $347.86 million and $343.89 million US Long portfolio, decreased its stake in Volt Information Sciences In (NYSEMKT:VISI) by 191,454 shares to 699,442 shares, valued at $2.66M in 2017Q4, according to the filing. Read More »

Sensex, Nifty log fourth straight weekly gain; technology shares jump

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This is Rs 7,917.08 crore short of the $100 billion mark. The stock jumped 6.76 per cent to settle at Rs 3,406.40 on BSE on Friday. The top Sensex losers were: Axis Bank, down 2.60 per cent at Rs 518.70; Mahindra and Mahindra, down 1.55 per cent at Rs 797.05; IndusInd Bank, down 1.23 per cent at Rs 1,844.65; Hero MotoCorp, down 0.97 per cent at Rs 3,733.55; and Coal India, down 0.89 per cent at Rs 285.05 per share. Read More »

Time to reduce taxes on petrol and diesel

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The oil prices in India have been rising for last few weeks. Diesel prices also touched new record levels on Friday. In Kolkata, it retailed at Rs 76.78, in Mumbai at Rs 81.93 and in Chennai at Rs 76.85. The Organization of the Petroleum Exporting Countries or OPEC and its partners in a supply reduction pact will meet today in Jeddah, Saudi Arabia. The fuel prices have been consistently increasing since August 2017. Read More »

Audit clears Facebook despite Cambridge Analytica leaks scandal

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In 2011, Facebook agreed to a host of terms, including biennial privacy audits , to settle an investigation into allegations that it had shared users' information without their permission. Any violations of that pact could cost the company a lot of money. This month, Facebook chief executive Mark Zuckerberg told Reuters that his company would apply the European Union law globally "in spirit", but stopped short of committing to it as the standard for the network across the world. Read More »

Facebook Messenger is now forcing some users to check their privacy settings

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The Facebook founder and CEO claimed not to be familiar with them, and although it's not a term Facebook uses officially, it's also hard to believe Zuckerberg has never heard of the most widely used name for these occult files. MIT Technology Review reports Cambridge Analytica , whose parent company entered into a contract with Kogan's company, later "combined the Facebook data with other data sets to build robust, integrated profiles of 30 million United States voters". Read More »