Italy's largest bank to shed $18.8B in bad loans, cut jobs

The "shock and awe" restructuring and recapitalization from UniCredit (UNCFF) Tuesday may have boosted Italy's biggest bank, but it also left Monte dei Paschi di Siena's (BMDPY) cash raising plans looking more endangered than ever. The job cuts wil... More..

by | Published more than a month ago
by | Tuesday, December 13, 2016

Historic Boeing-Iran Deal May Get Trumped

Farhad Parvaresh, the managing director of Iran Air that signed the agreement with Boeing , told the domestic media that the purchase involved 50 twinjet narrow-body Boeing 737 planes and 30 long-range wid...More..

Will end 'gundaraj' in UP if voted to power: Narendra Modi
by | Tuesday, December 13, 2016

Will end 'gundaraj' in UP if voted to power: Narendra Modi

As Parliament remained deadlocked over demonetisation, he came down heavily on Opposition parties describing them as "discarded" by the electorate and accused them of trying to "suppress" the truth. In his shor...More..

Ohio gas prices 21 cents higher than same time last month
by | Tuesday, December 13, 2016

Ohio gas prices 21 cents higher than same time last month

On Monday afternoon, the average price in Georgia was listed at $2.15, in Tennessee its at $2.04 and $2.02 in Alabama. Area prices were 28.9 cents a gallon higher than a year ago and are 35.7 cents higher tha...More..

by | Monday, December 12, 2016

JCPenney, Kohl's, Macy's, Sears hit with lawsuit over misleading prices

This pricing is what allegedly led to customers believing they were receiving a much better bargain at the current sale price than what they were actually receiving. Eventually, J.C. Penney settled its suit for...More..

by | Monday, December 12, 2016

New Zealand third in Cape Town

England had led 12-5 at halftime and although South Africa levelled up at 12-12 soon after the restart, a try to Ruaridh McConnochie, converted by Tom Mitchell, helped push England out to a 19-12 lead. Scotland...More..

Oil cartel seeks output cutbacks by non-member countries
by | Sunday, December 11, 2016

Oil cartel seeks output cutbacks by non-member countries

OPEC decided last week to reduce its output by 1.2 million bpd from January to boost the now low prices and to increase their government revenues. Ross added that OPEC would target an oil price of $60 per bar...More..

How the Dow Jones industrial average finished Wednesday
by | Sunday, December 11, 2016

How the Dow Jones industrial average finished Wednesday

The Dow Jones industrial average added 45.82 points, or 0.2 percent, to 19,216.24. The Standard & Poor's 500 index picked up 12.76 points, or 0.6 percent, to 2,204.71. The Dow Jones Industrial Average (NYSEAR...More..

by | Sunday, December 11, 2016

Oil extends gains on hopes for non-Opec output cuts

USA crude oil was trading at $51.17 a barrel at 09:44 GMT, up 26 cents or 0.51% from its last close, after falling as low as $47.04 earlier. The cut is by about 1.3 million barrels a day out of a total 34 milli...More..

Fidel Castro's ashes interred in private ceremony in Cuba
by | Saturday, December 10, 2016

Fidel Castro's ashes interred in private ceremony in Cuba

Raul Castro announced on Saturday that, respecting Fidel's wishes, no streets, plazas nor public buildings will bear Fidel Castro's name, and no statues nor monuments will be built in his honour. Beyond those ...More..

by | Saturday, December 10, 2016

Immigration Hardliners Rip Trump's Pick for Labor Secretary

In 2010, Mr. Puzder co-wrote the book Job Creation: How It Really Works and Why Government Doesn't Understand It , in which he helped provide a framework for instilling strong optimism among US businesses tha...More..

by | Saturday, December 10, 2016

Pakistan plane crash kills 47 passengers

Saigol said that now their focus is to recover all the dead bodies. PIA's spokesperson in a statement said: "PIA aircraft ATR-42 (AP-BHO) crashed near Havelian at 1642 hours, 42 passengers, five crew members ...More..

by | Friday, December 09, 2016

Watchdog launches crackdown on crowdfunding

Based on a review of the feedback received, issues seen during the supervision of crowdfunding platforms now trading and consideration of applications from firms seeking full authorisation, the FCA believes it ...More..

Government proposes letting airline passengers make phone calls
by | Friday, December 09, 2016

Government proposes letting airline passengers make phone calls

The U.S. Department of Transportation is considering making it mandatory for airlines to inform passengers before purchasing tickets if they will allow voice calls using mobile wireless devices on board their a...More..

Markets Right Now: US stocks open slightly lower
by | Friday, December 09, 2016

Markets Right Now: US stocks open slightly lower

The broad-based rally was driven by consumer and technology stocks, which tend to do well in a growing economy, as well as stocks that traditionally pay high dividends such as telephone and real estate companie...More..

Tribal leader tells pipeline foes to leave camp
by | Friday, December 09, 2016

Tribal leader tells pipeline foes to leave camp

The Army's refusal to grant a permit for the Dakota Access oil pipeline to cross beneath the Missouri River has focused more attention on alternative routes, but several other options already have been consider...More..

Nuclear security at par with international standards: Pak
by | Thursday, December 08, 2016

Nuclear security at par with international standards: Pak

Pakistan's nuclear security credentials have been foregrounded by Foreign Secretary Aizaz Ahmad Chaudhary at the International Ministerial Conference on Nuclear Security, organized by International Atomic Energ...More..

Pistons hold off Bulls for 6th win in last 8 games
by | Thursday, December 08, 2016

Pistons hold off Bulls for 6th win in last 8 games

Tuesday, though, they were spectators. "There hasn't been a blanket statement that he won't play back-to-backs, but I also haven't gotten assurances that he will, either", coach Stan Van Gundy said. The Bulls ...More..

by | Thursday, December 08, 2016

Thousands mourn beloved leader Jayalalithaa in south India

Meanwhile, a central intelligence estimate has put the toll at 30 besides four suicide attempts. The party also released the list of 77 dead persons, who hailed from different parts of the state. "All other b...More..

by | Thursday, December 08, 2016

Sensex down 156 points on RBI status-quo

Similarly, the barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,456.21 points, provisionally closed at 26,236.87 points (at 3.30 p.m.) - down 155.89 points or 0.59 per cent from the pr...More..

by | Thursday, December 08, 2016

Amazon replaces cashiers with AI and computer learning

And according to multiple reports, this is one of several experiments that Amazon is launching with the hope of capturing the lucrative market for groceries . So far, observers remain split on whether the Ama...More..

Pharma, biotech stocks fall after Trump comment on drug prices
by | Thursday, December 08, 2016

Pharma, biotech stocks fall after Trump comment on drug prices

And to the extent that lower drug prices mean less incentive for disease-curing innovation, there are a variety of ways to solve that problem that are more narrowly tailored than having the government overpay f...More..

Valley man remembers Tennessee roots as fire death toll increased to 13
by | Wednesday, December 07, 2016

Valley man remembers Tennessee roots as fire death toll increased to 13

Veronica Carney looks at the skyline from the remains of the home she grew up in, Thursday, Dec. 1, 2016, in Gatlinburg, Tenn . On the first day officials let property owners return to assess the damage from t...More..

Expanded U.S. Health Bill Anticipated to Breeze Through House Vote
by | Wednesday, December 07, 2016

Expanded U.S. Health Bill Anticipated to Breeze Through House Vote

The bill , in turn, has garnered an unusually broad range of support, ranging from Republican lawmakers and conservative think tanks to the White House, patient advocacy groups, Democrats and nonprofit organiz...More..

by | Wednesday, December 07, 2016

North Carolina Governor McCrory Concedes Election To Democratic Challenger/ Attorney General

As the state went to the polls last month, McCrory's luck appeared to have run out , as his Democratic opponent Roy Cooper took a narrow lead in the battle for the Governorship. McCrory's defeat is the 13th ti...More..

by | Tuesday, December 06, 2016

Referendum rejected: Italy's prime minister to resign

Mattarella will then be charged with brokering the appointment of a new government or, if he can't do that, ordering early elections. Following the results, the euro fell to 20-month lows against the dollar, ...More..

by | Tuesday, December 06, 2016

Trump Supporter Sarah Palin Calls Carrier Deal 'Crony Capitalism'

Just hours after using Twitter to complain about the most recent "Saturday Night Live" skit mocking him for his tweeting habits, Mr. Trump turned his account to more serious matters of American business. Th...More..

by | Tuesday, December 06, 2016

Far-Right Hofer Faces Left-Leaning Independent In Austrian Presidential Vote

Hofer has urged voters to ensure a "safe Austria" for their "children and grandchildren". "Great win by Alexander Van der Bellen in Austria". "I don't think this government will last much longer", Hofer sa...More..

by | Monday, December 05, 2016

Indiana Overseas Business Incentives Under Pence Counters Trump's Jobs Deal

President-elect Donald Trump vowed to whiplash companies that offshore jobs then try to sell goods back into the USA with a 35 percent imports tax, in a series of Sunday-morning Twitter posts. Trump recen...More..

British Currency Contains Animal Fat, And Vegans Aren't Pleased
by | Monday, December 05, 2016

British Currency Contains Animal Fat, And Vegans Aren't Pleased

Following on from the backlash by the vegetarian and vegan community, the Bank of England has said it is addressing concerns over the new polymer £5 note containing tallow. Many vegetarians and vegans have ex...More..

US employers add 178K jobs as unemployment sinks to 4.6 pct
by | Sunday, December 04, 2016

US employers add 178K jobs as unemployment sinks to 4.6 pct

As NPR's Marilyn Geewax notes, 4.6 percent unemployment is what most economists consider " full employment ", which she says is "when the number of people seeking jobs is roughly in balance with the number of...More..

Electoral College voters form group to block Trump presidency
by | Sunday, December 04, 2016

Electoral College voters form group to block Trump presidency

Yet another member of Washington's Electoral College said she won't vote the way she pledged to. She assured her community that she would do all to make sure Trump doesn't become the head of the state and f...More..

U.S. crude futures extend gains on production cut deal
by | Saturday, December 03, 2016

U.S. crude futures extend gains on production cut deal

Benchmark Brent futures settled 4.1 percent or $2.10 higher at $53.94. Saudi Arabia, the group's de facto leader, will shoulder more than half of the production cuts, while regional rival Iran will be allowed t...More..

Sensex ralllies 100 points, Nifty holds above 8150
by | Saturday, December 03, 2016

Sensex ralllies 100 points, Nifty holds above 8150

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,408.62 points, traded at 26,550.89 points (at 1.15 p.m.) - up 200.72 points or 0.76 per cent from the previous close at 26,350.17 p...More..

USA rate hike fears, fund outflow suppress Indian equities
by | Saturday, December 03, 2016

USA rate hike fears, fund outflow suppress Indian equities

The NSE 50-share Nifty too dropped by 67.80 points or 0.84% to close below the crucial 8,000-level to 7,965.50. The fall in the markets happened after the United States dollar hit a six-month high. Sector-wis...More..

by | Saturday, December 03, 2016

Energy bill would benefit IL

Officials with Exelon subsidiary Commonwealth Edison estimate that the entire package will result in an average monthly bill increase of less than 25 cents for residential customers in northern IL over a 13-y...More..

Cyrus Mistry, Nusli Wadia to contest proposal of removal by Tata Sons
by | Saturday, December 03, 2016

Cyrus Mistry, Nusli Wadia to contest proposal of removal by Tata Sons

Both Mistry and Wadia will be making separate representations to all the members of the company. Wadia had earlier questioned the contents of a Special Notice of November 11, of Tata Steel and the item No.2...More..

UnitedHealth Group Incorporated (NYSE:UNH) Reviewed By Analysts
by | Saturday, December 03, 2016

UnitedHealth Group Incorporated (NYSE:UNH) Reviewed By Analysts

On Wednesday Mizuho Securities upgraded its broker consensus on shares of Unitedhealth Group Inc. UnitedHealth Group Incorporated (NYSE: UNH ) Health Care Plans has a Current Ratio of *TBA with a Quick Ra...More..

Elimination of Violence Against Women Day recognized in Peterborough
by | Saturday, December 03, 2016

Elimination of Violence Against Women Day recognized in Peterborough

She says the magnitude of on-going violence against women and children in Jamaica is cause for alarm. Groups such as the Gender Equality Network (GEN), Women's Organizations Network of Myanmar (WON), Women's ...More..

Markets Right Now: Dow at another record as oil price soars
by | Friday, December 02, 2016

Markets Right Now: Dow at another record as oil price soars

Meanwhile, the oil minister of the United Arab Emirates, Suhail al Mazroui told CNBC on Tuesday the obstacle standing in OPEC's way to cut a deal was that not all member states appeared ready to participate i...More..

by | Friday, December 02, 2016

Canada gives approval for $5bn Trans Mountain oil pipeline expansion

Prime Minister Justin Trudeau has approved the Kinder Morgan Trans Mountain Expansion project and the Enbridge Line 3 Replacement Project. "The decision we took today is the one that is in the best intere...More..

Fitch cuts GDP forecast to 6.9 per cent
by | Friday, December 02, 2016

Fitch cuts GDP forecast to 6.9 per cent

With the recent industrial production data and October core-sector figures reflecting continued sluggishness in mining and electricity - and to some extent, manufacturing - it is clear that demonetisation put a...More..

Here Is a Horrifying Anecdote About Steve Bannon's Views on Black Voters
by | Friday, December 02, 2016

Here Is a Horrifying Anecdote About Steve Bannon's Views on Black Voters

It's nearly as though "least politically correct" is a politically correct way of saying someone is a racist. But we can uncomfortably imagine that Trump under Bannon's direction will do whatever it takes to ge...More..

Huntington Bancshares Incorporated (NASDAQ:HBAN) Issued With 'Outperform' Rating At Wedbush
by | Friday, December 02, 2016

Huntington Bancshares Incorporated (NASDAQ:HBAN) Issued With 'Outperform' Rating At Wedbush

The share price is now 7.66 percent versus its SMA20, 17.12 percent versus its SMA50, and 27.55 percent versus its SMA200. Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednes...More..

Thanksgiving, Black Friday sales up 9 percent
by | Friday, December 02, 2016

Thanksgiving, Black Friday sales up 9 percent

Mobile online shopping activity increased by a whopping 34 percent on Cyber Monday, with a total of $1.07 billion in sales. Thanksgiving and Black Friday are still a welcome time for retail stores, but th...More..

House Democrats reelect Pelosi as head amid discord
by | Friday, December 02, 2016

House Democrats reelect Pelosi as head amid discord

She had 13 years to get votes, to get support. First elected to House leadership 15 years ago, Pelosi has faced calls for her ouster since Democrats lost the majority under her watch in 2010, during Obama's...More..

Facebook adds free games like 'Pac-Man' to Messenger app
by | Thursday, December 01, 2016

Facebook adds free games like 'Pac-Man' to Messenger app

According to the words from developers, Instant Game has also been offering adequate graphics. The update is now rolling out to iOS v8 and Android v5 or later devices in Canada and 29 other countries, a...More..

by | Thursday, December 01, 2016

Patagonia's Black Friday sales hit $10 million -- and will donate it all

The idea of closing on Black Friday used to be out of the question, until competing outdoors retailer REI began doing that a year ago, encouraging customers and employees alike to go enjoy the outdoors. This ...More..

Ratan's half brother Noel back in fray for Tata's corner office job
by | Thursday, December 01, 2016

Ratan's half brother Noel back in fray for Tata's corner office job

Noel Naval Tata, the obsessively media shy half brother of Ratan Tata and the current managing director of Tata International, has emerged as a contender for the top job at Tata Sons , after the committee to...More..

Virgin announces V6 4K TV box for January 2017
by | Thursday, December 01, 2016

Virgin announces V6 4K TV box for January 2017

Additional boxes around the home will allow for more storage and more simultaneous recordings and it will be possible to view recorded content on other V6 or TiVo boxes. It will be available via the V6 and ...More..