Thursday, 18 October 2018
Latest news
Home » Finance


United Airlines won't fire anyone over manhandled passenger


Delta, the first major US airline to report last week, posted a 0.5% decline in fares. Blumenthal, a Democrat from CT and frequent critic of the airline industry, called the removal of United flight 3411 passenger David Dao by Chicago airport police "brutal and shocking". Read More »

Airlines poke fun at United fiasco in amusing ads


Of course, it's good for some passengers, too: Of the 475,000 people who were bumped off flights on the 12 largest airlines previous year, 91% did it voluntarily, agreeing to take cash or a travel voucher and a seat on a later departure. Fellow passengers captured footage of the officers seemingly slamming Dao against an armrest before dragging him along the floor down the aisle and off the plane. Read More »

The IMF is upbeat on the Australian economy


Despite the upgrade for 2017, the International Monetary Fund said the medium-term growth prospects for the United Kingdom had diminished due the Brexit effect. Euro area growth forecast for this year was increased to 1.7% from 1.5% and the projection for next year was retained at 1.6%. "Acceleration will be broad based across advanced, emerging, and low income economies, building on gains we have seen in both manufacturing and trade", Obstfeld said. Read More »

Trump takes aim at H-1B visa program

Trump went to Kenosha, Wisconsin, on Tuesday where he signed an order dubbed "Buy American, Hire American", ordering the Labour, Justice and Homeland Security Departments to propose reforms to the visa programme to prevent immigration fraud and abuse. Read More »

Nintendo Unveils New Wii Boxing-Style Game for Switch Called Arms

CNNTech writes that Nintendo Switch sold over 906,000 units in the first month of launch in the USA alone. That means Nintendo sold more copies of Breath of the Wild for the Switch than it sold of the Switch console itself. Nintendo will continue to support the Switch with a steady stream of releases over the next couple of months. Mario Kart 8 Deluxe , Arms , Splatoon 2 , Xenoblade Chronicles 2 and Super Mario Odyssey are all slated to launch this year, which should result in some ... Read More »

United finally apologises, vows review of airline's practices


Meanwhile, attorneys for Dao called a news conference for Thursday morning after filing an emergency "bill of discovery," seeking the airline's documentation of Sunday's confrontation, including all surveillance videos, cockpit voice recordings, passenger and crew lists, and incident reports. Read More »

Bruins defenseman Colin Miller expected to play in Game 4

This time Bruins rallied from a 3-0 deficit with three goals in second period, tying the game on a power play goal by David Pastrnak . Noel Acciari , David Backes and David Pastrnak answered for the Bruins in their second straight three-goal second period. Read More »

BP plc 32.4% Potential Upside Indicated by Barclays Capital

The stock decreased 0.93% or $0.16 during the last trading session, reaching $17.01. About 4.21M shares traded. It has underperformed by 2.42% the S&P500. BNP Paribas maintained Tesco PLC (LON:TSCO) rating on Thursday, September 29. The firm earned "Hold" rating on Thursday, March 30 by Berenberg. The stock has "Hold" rating by Jefferies on Wednesday, October 19. Read More »

Back to the ballot box: UK lawmakers back June 8 election

May had for months ruled out an early election, but switched tack Tuesday saying it was needed for "certainty and stability" ahead of the Brexit negotiations. In the case of the UK, May is hoping to cash in on increased voter support for her Conservative Party and to solidify her position through an election to strengthen the negotiations of Brexit, the UK's departure from the European Union (EU). Read More »

Oil edges down after expected climb in US output


Leading non-OPEC suppliers included Russian Federation (14% of total imports), Oman (9%), and Brazil (5%). Output from the Permian play, the country's largest shale region, was expected to reach a record 2.36 million bpd. As a result, March's global oil supply fell, according to the International Energy Agency. Regarding new technical capabilities in the oil and gas sector, the worldwide financier said "annual oil demand growth, commonly projected at about 1.2 mbd, will be met by ... Read More »

Japan's Abe calls for 'peaceable' resolution on North Korea

The US and South Korea have activated the Terminal High Altitude Area Defence system, which is capable of intercepting incoming warheads from North Korea. A sales manager for a Sinotruck dealer, Zhongnanhai, said the company exports about 1,000 trucks to North Korea every year under contracts that specify the vehicles are designed and manufactured for civilian use. Read More »

Trump enters US-Canada milk fight with threat to end NAFTA

The governors say Canada's actions could cost the USA economy hundreds of millions of dollars. "With our growing concern that even more of our milk producers and our processors will be affected, I urge the federal government to call on Canada to reconsider these harmful regulations and continue our courteous, mutually beneficial trade relations", Cuomo said in a statement. Read More »

Amazon will force Australian retailers to lift their game


The announcement by the global e-commerce giant also heralds a tough period for Australian retailers with one Harvey Norman executive telling ChannelNews that this is now "make or break time for retailers". The warning, published in the Australian , came before Thursday's announcement. Its arrival in Australia is imminent and it's actively inviting retailers and brands to sign up as partners to sell goods on its Marketplace platform. Read More »

Amber Heard ready to wed?


The "Danish Girl" actress - who divorced Johnny Depp a year ago amid allegations he had been abusive - is "very serious" about the billionaire businessman and her father David insists they are keen to settle down together. However, it seems that Amber and the Tesla boss are not quite as far along as Dad has stated. "She was telling friends over Christmas how smitten she is with Elon". Read More »

Is Plug Power Inc. (PLUG) Buy Now?


The company reported revenue of $51.57 Million in the same period a year ago. Plug Power Inc. P/E ( price to earnings) ratio is 0 and Forward P/E ratio of 0. with's FREE daily email newsletter . The number of shares now owned by investors are 245.49 mln. Finally, Teachers Advisors LLC raised its stake in Plug Power by 1.8% in the fourth quarter. Read More »

Maxim Group Reaffirms "Buy" Rating for eBay Inc (EBAY)


Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for eBay Inc. the EPS stands at 0.54 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.54, suggesting the stock fell short of the analysts' expectations. Read More »

Oil prices dip on bloated USA market, mixed Saudi signals


Meanwhile, OPEC Secretary General Mohammad Sanusi Barkindo said the cartel is confident that production cuts agreed with non-members to prop up prices will lead to a recovery in the market. The group agreed to let Iran pump an additional 90,000 barrels a day to reach output of about 3.8 million as the country recovers from sanctions. Eleven non-OPEC countries also participated in the cuts the first time around, and are expected to participate in the extension. Read More »

Pence tells Japan: 'We are with you 100 percent'

Pence's meeting in Seoul with business leaders comes before he heads to Tokyo later on Tuesday, where he will meet Japan's Finance Minister Taro Aso and kick off talks that Washington hopes will open doors for US -made products. China has close economic ties with North Korea, despite United Nations sanctions, which is why U.S. President Donald Trump went out of his way to woo the Chinese leader, Xi Jinping, in recent weeks. Read More »

Toronto stock index weighed down by gold and oil


At 11:11 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was little changed, edging 1.88 points lower, to 15,620.69, reversing gains earlier in the morning session. "Energy has been a drag in Canada, mainly on concerns around increased US production out of the USA shale names and some uncertainty around the OPEC decision in May", said Ali. Read More »

No one to be fired over forcible removal of passenger

Dr. David Dao, the 69-year-old Vietnamese-American doctor who was seen in video being dragged off a United flight a week ago, will likely sue the airline, his attorney said on Thursday. Limited competition at many major airports could blunt any nascent boycott of United. According to the couple, who said they were en route to get married, a federal marshal had escorted them from the plane before take-off from Houston, Texas, but United denied this on Sunday, saying in a statement that ... Read More »

United won't use police to remove passengers


The others complied. After Dao refused, airport security officers yanked him out of his seat and dragged him off the plane. "We're not going to put a law enforcement remove a booked, paid, seated passenger", United Continental Holdings Inc Chief Executive Officer Oscar Munoz told ABC News on Wednesday morning. Read More »

Oil little changed amid rising US output and Opec cuts

Latest OPEC data showed members had cut March output beyond what they had promised. Brent for June LCOM7, +0.00% rose 5 cents to $55.91 a barrel, recovering from an intraday low of $55.61. US oil drillers boosted the rig count to 672 last week, the most since August 2015, Baker Hughes data show. Russian Federation and 10 other non-OPEC producers agreed to cut half as much. Read More »

The Delta Air Lines, Inc. (DAL) Short Interest Up 53.5% in March


The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, President Glen W. Hauenstein sold 43,717 shares of Delta Air Lines stock in a transaction on Wednesday, February 15th. The 52 week high Delta Air Lines DAL's shares have peaked at is 52.76 whilst the 52 week low for the company's shares is 32.6. (DAL) stock price fell -8.35 percent over the past one year, while increased 10.05 percent during the past 6 months. Read More »

Rio Tinto plc (ADR) (NYSE:RIO) & Hostess Brands, Inc. (NASDAQ:TWNK)

Over 12 months Rio Tinto PLC's share price has increased from 2175.47 to 3043, a change of 39.88%. The stock exchanged hands with 4.30 million shares contrast to its average daily volume of 4.08 million shares. Stockholders of record on Friday, February 24th were given a dividend of $1.2582 per share. ILLEGAL ACTIVITY NOTICE: "Rio Tinto plc (RIO) Given "Outperform" Rating at Macquarie" was first reported by Transcript Daily and is the sole property of of Transcript Daily. Read More »

Oracle to Acquire Digital Measurement Firm Moat

Founded in 2010, Moat helps advertisers and publishers manage and track online advertising with a range of tools, starting with a free search engine for display ads through to paid services, including ad measurement, analytics and intelligence. Read More »

Allegheny Technologies Incorporated (ATI) Expected to Post Earnings of $0.12 Per Share


Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company had revenue of $796 million for the quarter, compared to analysts' expectations of $800.11 million. The company's revenue was up 7.7% compared to the same quarter a year ago. Read More »

OPEC 'optimistic' oil output cuts leading to price recovery


Oil's worst day since March is in the books. OPEC has had a hard time reducing a global crude glut, as supply remains high in parts of the world, particularly the United States, where inventories were at 532.3 million barrels, only about 3 million less than the record reached in March. Read More »

Brokers Issue New Targets On Energy Transfer Equity, L.P. (NYSE:ETE)


Zacks Investment Research has downgraded Energy Transfer Equity LP (NYSE:ETE) to Hold in a statement released on 4/18/2017. Finally, BMO Capital Markets set a $19.00 target price on Energy Transfer Equity, L.P. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & global copyright & trademark law. Read More »

Fed survey finds moderate economic growth in spring


The central bank raised rates by a quarter-point in December and March, but analysts are not expecting a rate hike in May. A tightening labor market is putting broader pressure on wages as US firms increasingly report trouble filling low-skilled jobs, according to a new Federal Reserve report. Read More »

Gorsuch Confirmed To Supreme Court. What Could This Mean For LGBT Community?


Three Democrats joined all 52 Senate Republicans in confirming Gorsuch, who, at 49 years old, could serve on the Supreme Court for decades. Gorsuch, who was U.S. Gorsuch's confirmation gave a boost to Trump, showing he can get important agenda items through a Congress controlled by his fellow Republicans after the House of Representatives last month failed to pass healthcare overhaul legislation. Read More »

United CEO: not to fire employees involved in passenger-dragging incident

Munoz said he takes full responsibility "for making this right " after the April 9 incident aboard a United Express plane at Chicago's O'Hare airport. Mr Dao's lawyers have taken steps ahead of impending legal action against the airline and the city of Chicago, which operates O'Hare Airport. The airline already offered refunds to passengers on the flight and said police will no longer be called to remove paid, seated passengers from flights, unless for safety or security issues, Munoz said. Read More »