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Economy

What happens now? The reintroduction of sanctions will not just hurt the people of Iran , but United States companies such as Boeing which loses a United States $20 billion (NZ$28.8b) contract with Iranian airlines. There are multiple reasons prices have been going up, but speculation that Trump would announce the U.S.'s departure from the deal was one of those reasons.
  • Warren Buffett just bought a ton more shares of Apple

    Warren Buffett just bought a ton more shares of Apple

    Economy

    On having never invested in Microsoft, Buffett said that "in the earlier years, the answer is stupidity". That adds to 165 million shares that Berkshire had at the end of previous year. Analysts surveyed by FactSet expected operating earnings of $2.08. Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia".
  • Sonam Kapoor and Anand Ahuja hug and dance at the Mehendi ceremony

    Sonam Kapoor and Anand Ahuja hug and dance at the Mehendi ceremony

    Economy

    But surprisingly, unlike the fashionista, the clothes for her Mehendi are truly simple, but yet elegant enough. Scroll through for a look at Sonam Kapoor's first bridal look, and to find out which stars dropped by on her special day. It was in the year 2014 when Pernia was styling Sonam and Anand was a close friends of hers. Just like Meghan Markle, who is set to tie the knot on May 19 with Prince Harry , Sonam is also gearing up to wear the outfit created by Tamara Ralph and Michael Russo.
  • Warren Buffet dumps IBM, buys 75 mn more Apple shares

    Warren Buffet dumps IBM, buys 75 mn more Apple shares

    Economy

    Why Buffett is not afraid of the stock market: The Berkshire Hathaway CEO is one of the most ardent bulls when it comes to the USA stock market and the economy at large. The report for the first quarter is set for release on Saturday morning, just before Berkshire's annual shareholder meeting in Omaha, Nebraska, Mr.Buffett's hometown.
  • Is Justify the horse to lift the Kentucky Derby's 'curse of Apollo'?

    Is Justify the horse to lift the Kentucky Derby's 'curse of Apollo'?

    Economy

    It will be held at Churchill Downs in Louisville, making it the 144th Kentucky Derby held there. Although Walden declined to offer details of the sponsorship agreement, Walden said the Audible horse ownership group was intrigued by Audible, Inc.'s concept for cross-promotion of the horse and its products, including a comprehensive social media campaign and television commercials that tie into horse racing, and the company's commitment to contribute to equine aftercare.
  • Flipkart Approves 75% share to Walmart at $20 Billion Valuation

    Flipkart Approves 75% share to Walmart at $20 Billion Valuation

    Economy

    The American company will buy 73% of Flipkart for around $14.6 billion in a cash-and-stock buyout, reported Factor Daily . This could likely be the secondary valuation at which Walmart will invest in Flipkart . Walmart would maintain a focus on the grocery market, said the sources, suggesting that nearly 50% of Walmart's initial investment would be funneled into building a food and grocery supply chain.
  • Trump hosts heroes of Southwest jet accident, praises their courage

    Trump hosts heroes of Southwest jet accident, praises their courage

    Economy

    Trump, in a meeting in the Oval Office, praised the response of pilot Tammie Jo Shults , who steered the plane to safety on April 17 after an engine explosion blew out a window, killing passenger Jennifer Riordan. The president said they responded with "tremendous bravery" and "everybody's talking about it". Several other passengers suffered injuries described by authorities as minor.
  • BP Profits Surge as Output Grows, but Debt Rises

    BP Profits Surge as Output Grows, but Debt Rises

    Economy

    Underlying profit was also 23 per cent higher than the previous quarter, marking BP's best results in three years. This tops their initial prediction of $2.2 billion according to to a company-provided analytics survey. "The results definitely benefit from a higher oil price that we've seen come through", Gilvary noted. BP's results follow a mixed picture from the sector with Royal Dutch Shell RDSa.L and Exxon Mobil XOM.N falling short of forecasts while results from Chevron CVX.N and ...
  • Sunny weather for the weekend after a few showers Friday

    Sunny weather for the weekend after a few showers Friday

    Economy

    Tonight , the low will be around 44 with mostly clear skies and a west wind of 6 to 8 miles per hour becoming north northeast after midnight, according to the weather service. Mostly cloudy, with a low around 67. Sunday night: Mainly clear skies. Mostly sunny, with a high near 82. There will be some patchy fog before 9 a.m.
  • Deutsche Bank (DB) Stock Rating Upgraded by Zacks Investment Research

    Deutsche Bank (DB) Stock Rating Upgraded by Zacks Investment Research

    Economy

    Investment banking yielded surprises at Deutsche Bank and Barclays in the first quarter of 2018: the former's revenue looked as disgusting as the latter's did outstanding. In the first quarter of 2018 Deutsche Bank booked profits of EUR120 million, compared to EUR575 million in the same quarter of 2017. The bank said in a statement on Thursday that Germany's biggest lender would scale back the United States rates sales and trading, diminish the corporate finance business in the United ...
  • Subway to close about 500 more stores

    Subway to close about 500 more stores

    Economy

    Subway disputed published reports that said it will shut down 500 stores, saying that figure was a projection, not a confirmed number. There could be a few hundred less Subway locations in North America - and Western New York - by the end of the year.
  • Ford is killing off its saloons in North America

    Economy

    Over that time, it will phase out longstanding brands such as the Ford Fiesta and Taurus from the North American market. General Motors and Ford Motor Co . Net income totaled $1.7 billion, up by $100 million from the same period a year earlier, and earnings increased to 43 cents a share, up by 3 cents.
  • Meek Mill says he doesn't 'feel free' after being released from prison

    Meek Mill says he doesn't 'feel free' after being released from prison

    Economy

    Mill was allowed to post bail and temporarily get out of jail by the Pennsylvania Supreme Court after the Philadelphia district attorney's office petitioned Judge Genece Brinkley for his release after some of his arresting officers were included in the list of officers who were accused of framing witnesses and lied under oath.
  • Comcast formally takes on Murdoch with pound sterling22bn Sky bid

    Comcast formally takes on Murdoch with pound sterling22bn Sky bid

    Economy

    Comcast CEO Brian Roberts says his company's cash offer values each Sky share at 12.50 pounds, 16 per cent higher than the 21st Century Fox offer of 10.75 pounds. "Sky has a strong business, excellent customer loyalty, and a valued brand". Sky is a highly complementary business and will expand Comcast's global footprint in the United Kingdom and Continental Europe.
  • 10-year Treasury yield hits 3% for first time since 2014

    10-year Treasury yield hits 3% for first time since 2014

    Economy

    Investment-grade and high-yield corporate bonds are also now negative on the year, and the rise in Treasury yields appeared to be rippling through emerging markets, as investors eye shifting money into safer USA debt. The greenback had risen without pause through much of the past week as US-China trade conflict fears receded and allowed the market to turn its attention back to dollar-supportive fundamentals, notably the surge by US yields .
  • Kim Wall murder: Danish inventor Peter Madsen given life sentence

    Kim Wall murder: Danish inventor Peter Madsen given life sentence

    Economy

    Wall boarded the submarine on August 10 to report a story about Madsen, according to her family. The judge and two lay judges, who must decide on the verdict, watched as the prosecution showed images of her mutilated body and played a selection of more than 140 internet video clips found on Madsen's computer and iPhone.
  • Shire considers Takeda's revised £46bn takeover offer

    Shire considers Takeda's revised £46bn takeover offer

    Economy

    Any deal between the two companies is still subject to the resolution of several issues, including completion of due diligence by Shire on Takeda , Shire said. It would also be the third biggest acquisition of a UK-traded company in history. This isn't the first M&A bid for Shire - a $52 billion takeover by AbbVie had been agreed but was terminated in 2014 because of a change in United States tax rules.
  • More Southwest flight cancellations at Bay Area airports as engine checks continue

    More Southwest flight cancellations at Bay Area airports as engine checks continue

    Economy

    United States and European aviation officials have ordered expedited inspections for airplane engines similar to the one that failed on a Southwest Airlines flight earlier this week that left one woman dead. The 43-year-old mother of two was sucked out of the broken window and pulled back inside by fellow passengers. The affected Southwest Boeing 737 took off Tuesday morning from NY, headed for Dallas.
  • New York Mets vs. Atlanta Braves, 4/21/2018 Prediction & Odds

    New York Mets vs. Atlanta Braves, 4/21/2018 Prediction & Odds

    Economy

    Harvey got off to a good start this season. That became a distinct possibility Saturday, when manager Mickey Callaway announced the team's intentions to move Harvey to the bullpen. The Mets really had no choice but to make Saturday's decision. It begins with potential and helping the team win, but slowly morphs in to a story about one guy, who had success , but is now struggling and only ever speaking about his mechanics, his arm, his velocity, and his health, while limited to only ...
  • Last Week The Rank Group Plc (LON:RNK) Ratings

    Economy

    The Illinois-based Rmb Mngmt has invested 0.01% in PZ Cussons Plc (LON:PZC). Johnson Fin Grp holds 86,192 shares. Moreover, Shelton Capital Management has 0.02% invested in Carclo plc (LON:CAR) for 7,069 shares. The stock has "Overweight" rating by JP Morgan on Friday, November 10. On Wednesday, January 3 the stock of GB Group plc (LON:GBG) has "Buy" rating given by Peel Hunt.
  • Butte Herberger's starts going-out-of-business sale

    Butte Herberger's starts going-out-of-business sale

    Economy

    A bankruptcy court hearing is scheduled for Wednesday to approve the sale and liquidation details. It previously operated stores at Destiny USA in Syracuse, Great Northern Mall in Clay and ShoppingTown Mall in DeWitt. Despite reports of the potential for closing, employees on Thursday said they were stunned by the news of the shutdown, because they said the Partridge Creek location was still profitable.