Economy

Economy Wells Fargo & Co (WFC) Stock Falls on Q3 Revenue Miss
Author: 0 Wells Fargo & Co (WFC) Stock Falls on Q3 Revenue Miss

The Stock now has a Weekly Volatility of 1.06% and Monthly Volatility of 1.31%. About 35.31M shares traded or 102.81% up from the average. Wells Fargo's net interest margin, which measures the difference between what banks spend on funds and what they generate from lending those funds, was 2.87 percent, down from 2.9 percent the prior quarter and below some analyst expectations.

Economy Supreme Court bench will decide on Sabarimala women entry
Author: 0 Supreme Court bench will decide on Sabarimala women entry

The Supreme Court is hearing a plea challenging the practice of the ban on entry of women by the management of the Sabarimala temple . Prayar Gopalakrishnan, Travancore Devasom Board chief, asserted that women from decent families won't enter Sabarimala even if the apex court removes the ban on their entry inside the temple.

Economy Flight 666 Flies to HEL on Friday the 13th
Author: 0 Flight 666 Flies to HEL on Friday the 13th

The flight started 11 years ago and has fallen on Friday the 13th 21 times with no reported ill effects. 'As of October 29, some of our flight numbers in our network will change and our AY666 flight from Copenhagen to Helsinki will change to AY954.

Economy Pop Tax Repeal OK Expected Today In Cook County Committee Vote
Author: 0 Pop Tax Repeal OK Expected Today In Cook County Committee Vote

The tax prompted lawsuits, a warning from a federal agency that IL could lose millions in funding for food stamp benefits and complaints of plummeting sales from store owners. "Because of provisions in IL tax law - unique to this state and not relevant to adoption of taxes elsewhere - the Cook County tax was quite different than those in other cities".

Economy US Jobless Rate Dips Despite Hurricanes' Hit To Payrolls
Author: 0 US Jobless Rate Dips Despite Hurricanes' Hit To Payrolls

Food services and drinking places alone lost 105,000 jobs. There was a significant impact on the data from hurricanes Harvey and Irma with a notable dip in employment numbers for the month due to storm damage. Employees who weren't paid during the Labor Department's survey week (of September 12) were not counted as employed. That is the highest level of annual wage growth in more than eight years, and it means some people are getting more in their paychecks.

Economy Renewables to grow by 1 TW by 2022 - IEA
Author: 0 Renewables to grow by 1 TW by 2022 - IEA

The IEA report comes as Ottawa aims to drastically cut carbon emissions, largely by expanding renewable energy capacity. Along with India and the United States, the three will be responsible for two-thirds of renewables expansion by 2022.

Economy Ford to cut costs by $14B
Author: 0 Ford to cut costs by $14B

One aim of Ford's " Team Edison " is to identify and develop electric-vehicle partnerships with other companies, including suppliers, in some markets, according to Sherif Marakby , vice president of autonomous vehicles and electrification.

Economy UKIP's next leader: Who will save (or scuttle) the ship?
Author: 0 UKIP's next leader: Who will save (or scuttle) the ship?

It had been feared that a victory for Ms Waters would have seen the party lurch towards the far right, prompting up to 18 MEPs and scores of councillors and other members to quit the party's ranks. Mr Bolton did not join UKIP until 2014, but quickly made an impression by becoming its candidate in Kent in the 2016 Police and Crime Commissioner elections.

Economy Air France flight to Los Angeles diverted after engine damage
Author: 0 Air France flight to Los Angeles diverted after engine damage

The plane arrived at the airport with part of the engine cowling missing and was met by fire crews, but their assistance wasn't needed. There was a sudden movement followed by a loud noise, which caused panic among the passengers. "The passengers are now being assisted by teams dispatched to the location". The Goose Bay airport is a local airport and is not built for larger planes, and certainly, not for the largest passenger airplane in the world.

Economy Trump Admin Rebuffs US Ambassador for Legitimizing Jewish Settlements
Author: 0 Trump Admin Rebuffs US Ambassador for Legitimizing Jewish Settlements

US President Donald Trump is seeking to restart frozen peace negotiations between Israel and the Palestinians. Trump has indirectly endorsed the construction of Israeli settlements and has even hinted that Washington might consider moving its embassy from Tel Aviv to Jerusalem; foreign policy moves that might impede the realisation of a two-state solution.

Economy United Kingdom 'bitterly disappointed' as U.S. trade ruling threatens jobs
Author: 0 United Kingdom 'bitterly disappointed' as U.S. trade ruling threatens jobs

Announcing the regulator's preliminary findings September 26, US Secretary of Commerce Wilbur Ross said "even our closest allies must play by the rules". Boeing's complaint against Bombardier drew a backlash even before Tuesday's decision. As recently as this year, Prime Minister Justin Trudeau gave the Montreal-based firm another $1.5 billion .

Economy Unilever to acquire personal care company Carver Korea
Author: 0 Unilever to acquire personal care company Carver Korea

The move towards the cosmetic and personal care sector has already seen the FTSE 100-listed giant acquire a number of beauty brands, including Dermalogica, Ren, Murad and Living Proof as they offer higher growth and profit margins, compared to its food brands.

Economy Londoners Reveal Their Thoughts On The Uber Ban
Author: 0 Londoners Reveal Their Thoughts On The Uber Ban

On Friday , Uber had criticised a decision of the TfL contrary to the interests of the 3.5 million Londoners who use the application and of 40 000 drivers of the company in the capital. "I appreciate Uber has an army of lawyers , they've also made aggressive threats about taking us to court and the rest of it", he told BBC radio .

Economy Japan's Abe announces snap election amid worries over North Korea
Author: 0 Japan's Abe announces snap election amid worries over North Korea

Surveys suggest voters approve of nationalist Abe's hardline stance on North Korea , which fired two missiles over the country in the space of a month and has threatened to "sink" Japan. In the previous 2014 election, he lost to Kenji Eda, former deputy president of the main opposition Democratic Party, in the No. 8 constituency of Kanagawa Prefecture.

Economy Ryanair can't rule out further flight cancellations
Author: 0 Ryanair can't rule out further flight cancellations

Pilots at London Stansted, Dublin, Frankfurt and Berlin have now been offered an additional 10,000 euros per year, O'Leary told a news conference. There have been suggestions of a strike over conditions at Ryanair , an airline where CEO Michael O'Leary had previously referred to pilots as "glorified taxi-drivers".

Economy Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low
Author: 0 Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

This comes despite OPEC's decision in January to cut oil production by 1.8 million bpd at least until March 2018, a cut made in conjunction with along with major oil producer Russian Federation. Market players were looking ahead to a meeting Friday between OPEC and other producers regarding a possible extension by more than three months of oil production cuts that expire in March 2018.

Economy Oil prices climb after IEA report
Author: 0 Oil prices climb after IEA report

Gold and most commodity prices are lower. This is published unedited from the PTI feed . That was followed by the International Energy Agency (IEA) saying the global oil glut was shrinking thanks to strong European and USA demand, as well as production declines in Opec and non-Opec countries.

Economy State Attorney General advises Iowans to take action after Equifax data breach
Author: 0 State Attorney General advises Iowans to take action after Equifax data breach

New York State Attorney General Eric Schneiderman has issued a warning after the massive Equifax data breach that exposed 143 million Americans' personal information. "Reports of a significant data loss at USA -based Equifax and the potential impact on some United Kingdom citizens gives us cause for concern", ICO Deputy Commissioner James Dipple-Johnstone said in a Friday statement .

Economy Google launches appeal against EU's $2.9 billion antitrust fine
Author: 0 Google launches appeal against EU's $2.9 billion antitrust fine

Lodging the appeal does not suspend the fine, meaning Google is still obliged to pay up, though it can put the money in a blocked account until the decision is reached. The EU fined the internet giant for abusing its dominance in Europe to position its own shopping comparison service at the top of Google search results.

Economy Another Reason To Evacuate Downtown Miami: Construction Cranes
Author: 0 Another Reason To Evacuate Downtown Miami: Construction Cranes

Irma's ferocious winds have also caused a crane to snap. A crew will be dispatched to secure the crane as soon as weather conditions improve, developer Ryan Shear, a principal of Property Markets Group, said in an emailed statement. According to the Weather Channel , Miami had seen reports of gusts above 130 miles per hour with several reports in the 100 miles per hour range.

Economy HPE acquires Cloud Technology Partners to build out hybrid IT offering
Author: 0 HPE acquires Cloud Technology Partners to build out hybrid IT offering

RBC Capital Markets maintained Owens Corning (NYSE:OC) rating on Thursday, July 23. The technology business posted $0.30 EPS (EPS) for the period, exceeding Zacks' average forecast of $0.26 by $0.04. On Tuesday, November 3 the stock rating was initiated by Wells Fargo with "Outperform". The share price is now up 4.76% for the past three months. The Company's products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, ...

Economy Fed Vice Chairman Fischer to resign for personal reasons
Author: 0 Fed Vice Chairman Fischer to resign for personal reasons

In his two-paragraph letter to the president, Fischer hailed the USA economy's progress and the Fed's reforms to make the financial system more resilient. During his tenure at the Federal Reserve , he served as chairman of the Fed's committee on financial stability and the committee on economic and financial monitoring and research, and represented the Fed at worldwide regulatory gatherings.

Economy Northern California wildfires force evacuations
Author: 0 Northern California wildfires force evacuations

Authorities said at least 10 houses and 20 outbuildings have been destroyed, and urged residents in vulnerable areas to evacuate into shelters. Bureau of Land Management spokesman John Gaffney told the Reno Gazette-Journal on Friday that the fire had burned 83 square miles and was spreading in all directions, fueled by volatile cheat grass.

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