Monday, 10 December 2018
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Food stamp changes worrying business owner

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Mick Mulvaney , White House OMB Director called "America's Harvest Box" a "Blue Apron-type program " saying it was keeping up with the "modern era", according to Politico . It's still unclear how the government plans to distribute "America's Harvest Box" to recipients who live throughout the US including dense rural areas of the country. Read More »

Publishers Warm to Google's Ad Blocker, but Chafe at Company's Power

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A survey of 40,000 U.S. and European web users found that the most intrusive ads were full-page ads that hide the content of a web page and flashing animated ads, according to a blog by Chris Bentzel at Google. The most intrusive ad experiences include prestitial ads - full-page ads that block you from seeing the content on the page - and flashing animated ads. Read More »

Markets Right Now: Stocks seen sharply lower at opening

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US market indexes were higher on Wednesday. This chart shows that history says we're still in the safe zone for "swimming" with the "sharks" on stock markets . That was a significant improvement from modest annual growth rates of around 2 percent the USA experienced during the economic recovery, now in its ninth year. Read More »

Uber Fourth-Quarter Loss Drops to $1.1B

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Over the entire 2017, Uber lost $4.5 billion, whereas it was "only" about $2.8 billion in the red a year earlier, though 2016 isn't considered an optimal reference point for evaluating its long-term performance because the majority of its losses incurred over that year was amortized by the sale of its China business to local rival Didi Chuxing. Read More »

Brokers Recommendations on: Eldorado Gold Corporation (NYSE:EGO)

Keybank National Association who had been investing in Invesco Ltd for a number of months, seems to be less bullish one the $13.23 billion market cap company. Corporation ( NYSE:FNB ), 8 have Buy rating , 0 Sell and 3 Hold. Investors sentiment increased to 1.25 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. Read More »

(XOM) Shares Sold by First National Trust Co

The stock decreased 0.05% or $0.04 during the last trading session, reaching $76.21. About 16.74M shares traded or 30.91% up from the average. Exxon Mobil Corporation has been given an analysts' mean target of 87.71. Since September 18, 2017, it had 0 buys, and 5 sales for $5.23 million activity. VAGELOS P ROY also sold $7.14M worth of Regeneron Pharmaceuticals, Inc. Read More »

Bank of India slips into red, net loss at Rs 2341 crore

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Total provision more than doubled to ₹4,899 crore, from ₹2,302 crore in the year-earlier period. Instead, the bank declared a loss of Rs 2,420 crore. He said the net profits for the nine month period ending December 31, 2017 increased to Rs 1,127.01 crore from Rs 1,085.97 crore registered during corresponding period of past year. Read More »

Sensex rises 167 points in early trade on firm global cues

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The BSE MidCap Index gained 0.67% and the BSE SmallCap Index gained 0.77%. Metal and IT indices strengthened the market rising 114 points or 0.75% and 98 points or 0.82%, respectively. Japan's Nikkei advanced 1.62 percent or 340 points following three successive days of losses that took it to a four-month low the previous day. In the banking space, Yes Bank slipped 4.40 per cent, SBI 4.06 per cent, Axis Bank 3.35 per cent, ICICI Bank 2.29 per cent and Bank of Baroda 1.75 per cent. Read More »

Redbarn Pet Products Recalls Bully Sticks for Possible Salmonella Contamination

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People who handle contaminated pet food and anything it touches, including counter tops, utensils and pet bowls, are at risk of contracting infections from pathogens such as Salmonella . "Darwin's told me it was safe to feed Blitz the ( ZooLogics ) food because it wasn't on the recall list they were dealing with back in November/December". Read More »

Secret Talks to Discuss Aftermath of Queen's Death

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The Commonwealth of Nations, formerly known as the British Commonwealth , now consists of 53 countries scattered across the globe. And it is reported a group of former heads of state and cabinet ministers is meeting in central London today to consider who will take over when the Queen's reign ends. Read More »

Emergency teams search for victims of Russian plane crash

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Helicopters were at the scene as well as rescuers on snowmobiles. Transport Minister Maxim Sokolov said that the bodies are so badly damaged that identification will have to be by DNA matching from devastated family members. The Kremlin said the two leaders also discussed some aspects of the Mideast peace process in the telephone conversation before Putin's meeting with Palestinian leader Mahmoud Abbas in Moscow . Read More »

Danielle Herrington Just 3rd Black Woman To Cover Sports Illustrated's Swimsuit Issue

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After telling ET that Banks - who was the first black woman to land the cover of an SI Swimsuit issue - was one of her "idols", Herrington got to walk the red carpet with the 44-year-old supermodel. The first was Tyra Banks and the second was Beyoncé - two of Herrington's idols. SI was a goal from that point, from seeing Trya on the cover. Previous year the Compton native did her first professional shoot, as in ever, with the publication in Fiji. Read More »

Shipping Wars: Walmart Launches Free Delivery for Sam's Club Members

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Club members or formerly Sam's Savings used to pay $45 annually, but the price has been marked down to $40 annually. "Our Memphis center will teach us a lot as we build out this new e-commerce supply chain", Jamie Iannone, CEO, SamsClub.com and executive VP of membership and technology , said in the blog . Read More »

RBI ask banks to settle big bad loans in 180 days

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In case the accounts are not in default, the information would have to be sent on a monthly basis. "The resolution plan (RP) may involve any actions / plans / reorganization including, but not limited to, regularisation of the account by payment of all over dues by the borrower entity, sale of the exposures to other entities / investors, change in ownership, or restructuring4". Read More »

Crude oil prices continue to rise amid recovery of global capital markets

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The IEA's "Oil Market Report", issued every month, said new and revised data show a "modest" tightening early this year in the worldwide oil balance. Saudi Arabia said on Wednesday it will further trim oil production and exports next month to reduce excess stockpiles that have weighed on crude prices, as concerns mount over U.S. Read More »

Stocks post rebound after dismal 2 weeks

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Consequently, investors are paying close attention to the bond market, in relation to interest rates, with yields dropping during Tuesday's morning trade . had made a takeover approach for the company and that both companies had been in talks over the past few weeks. Natural gas slid 3 cents to $2.55 per 1,000 cubic feet. Read More »

YouTube Couple Hides in Closet After Armed Fan Breaks Into House

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The fan, Christopher Giles , was later killed during a standoff with the police. According to a warrant obtained by the Albuquerque Journal , Giles kept notes on his phone dedicated to his obsession with the couple. Austin Police officers confronted Giles as he drove away, hearing a gunshot from the auto and returning fire. When he failed to find them, Giles left. Read More »

Treat women better, Bill and Melinda Gates tell President Trump

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President Trump proposed severe cuts to foreign aid. Both of us love digging into the science behind our work. Yet others said the Gates' commitment to the approach will be tested by how they communicate going forward. We think that's a basic responsibility of anyone with a lot of money. Gates says he and his wife will spend the coming years focused on the foundation's twin pillars, global health and USA education. Read More »

How Analysts Feel About IQE plc (LON:IQE)?

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Zurcher Kantonalbank (Zurich Cantonalbank) reported 6,536 shares stake. Vigilant Capital Mngmt Ltd Company holds 1,154 shares or 0.04% of its portfolio. The firm has "Buy" rating given on Thursday, October 12 by Cowen & Co. Barclays Capital maintained the shares of MONY in report on Monday, October 3 with "Equal Weight" rating. Read More »

Gas Prices Lower Than Last Week, Still Higher Than 2017

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The average price in Broward County was $2.67 on Monday - 3 cents more than a week earlier . Average retail gasoline prices in Minnesota have fallen 2.5 cents in the past week, averaging $2.55 per gallon Sunday , according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. Read More »

Air bag hazard: Ford provides 33000 Rangers to do-not-drive record

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Ford hasn't said a peep about whether or not some version of the new Ford Ranger Raptor supertruck might become available in the United States. A company investigation into Ranger inflators from the 2006 model year found test results showing that more inflators had ruptured or recorded high internal pressure readings, spokeswoman Elizabeth Weigandt said Monday . Read More »

Amazon looking to build its own shipping company

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Amazon's planned test of its own delivery service from merchants' warehouses to its fulfillment centers is the first step in a long-term strategy that could change how packages make the final journey to your door, possibly resulting in lower prices and faster shipping times for consumers. Read More »

Another step to prevent drowsy driving

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A second warning will then follow after the 11th hour, while a third and final notification will serve as a 30-minute warning, the Washington Post reports . While adopting new rules to restrict tired driving that year, the New York City taxi regulator reported that the crash rate for taxi drivers working more than 12 hours a day was 24% higher than the crash rate for drivers working 12 or fewer hours. Read More »

Midair crash between Vistara, Air India flights averted over Mumbai

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Vistara confirmed the incident and said both its pilots had been taken off flying duty, pending the investigation. A mid-air collision between Air India and Vistara aircrafts was averted just in the nick of time on January 7 when a woman pilot of Air India plane used her presence of mind.Vistara's Pune-bound United Kingdom 997 aircraft from Delhi was carrying 152 passengers on January 7, while it was just 100 feet away from Air India's Bhopal bound AI 631 flight that carried 109 passengers. Read More »

Merkel defends coalition deal on German TV

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Martin Schulz resigned on Tuesday, hoping to end turbulence that has rocked the centre-left party since it agreed a coalition deal with Chancellor Angela Merkel's conservatives. Angela Merkel says that the "painful concessions" she made to the Social Democrats ( SPD ) to secure another term in office were fully justified and do not mean that her authority is on the wane, The Guardian wrote. Read More »

Amazon Eliminates Hundreds of Seattle Jobs

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Amazon employs approximately 560,000 people worldwide. According to Reuters, it created around 130,000 jobs worldwide past year. The firings are part of a shifting headcount and talent allocation to businesses within arenas such as Amazon's Alexa service that are growing, sources said. Read More »

A robot 'dog' that opens doors?!

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Now the firm, owned by Japan's Softbank Group, has released new footage showing two SpotMinis combining to help one another through a closed door. In the new video , though, it manipulates the door handle , snakes the arm out the gap and then trots off with a second Spot . Read More »

Iceland may use more electricity mining bitcoin than powering homes this year

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Johann Snorri Sigurbergsson is a spokesperson for Icelandic energy company HS Orka and he estimates that electricity use at bitcoin mining data centres is likely to exceed that of every single home in the country. Smári McCarthy, an Icelandic member of parliament for the Pirate Party, was critical of the endeavours: "We are spending tens or maybe hundreds of megawatts on producing something that has no tangible existence and no real use for humans outside the realm of financial ... Read More »

President Trump's budget looks to cut funding to the Great Lakes

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Since it was approved in 2009 , the GLRI has given more than $2 billion to the eight-state region for projects that have removed toxic wastes from industrial harbors, fought invasive species such as Asian carp, restored wildlife habitat and supported efforts to prevent harmful algal blooms. Read More »

Oil holds decline as industry data show USA stockpiles expand

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USA proved natural gas reserves increased 5 percent in 2016 and the proved reserves of crude oil and lease condensate remained at 35.2 billion barrels in 2016, a governmental agency said Tuesday. The dollar reversed course, and was down 0.6 percent in the early afternoon. The physical markets are reflecting this concern. The International Energy Agency on Tuesday raised its forecast for 2018 demand growth by 100,000 bpd to 1.4 million bpd, but said the rapid increase in global supply, ... Read More »

Punjab National Bank shares fall 8.5% on $1.8bn fraud report

It is learnt from informed sources that that Nirav Modi wrote to PNB and other banks that he would return the outstanding money. Total provisions (other than tax) and contingencies made during the third quarter of 2017-18 jumped 74 percent to Rs 4,466.68 crore against Rs 2,562.19 crore in the year-ago period. Read More »

Ordering Valentine Day flowers? Make sure you get what you pay for

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One of the most classic and emblematic of Valentine's Day gifts is the bouquet of roses. "We noticed some quality issues on some of the things we bought it from California", he said. He's getting a jump on Mother's Day. "Believe it or not, there is love in the air and it's a popular time for guys to get engaged", said Patrick Murphy of Murphy Jewelers. Read More »

Credit Suisse trims loss, cites upside of USA tax reform

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Credit Suisse is getting its house in order. The bank posted a loss of 2.1 billion Swiss francs in its fourth quarter due to the writedown, better than the 2.6 billion franc loss reported this time past year. Too much of it and clients could become averse to trading risks or hold off on new listings. Marc Halperin, a fund manager at top-30 Credit Suisse shareholder Federated Investors, said investors had weathered enough not to be put off by last week's derivatives shakeup. Read More »

Inflation eases marginally to 5.07% in Jan

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For the industries, 16 out of the 23 groups in the manufacturing sector showed positive growth in December 2017 as compared to the corresponding month of the previous year. "The inflation and inflationary outlook suggest that RBI is likely to remain in a pause mode at least during the first half of 2018 and, if warranted, may take a view in the second half", said Sunil Sinha, Principal Economist, India Ratings & Research. Read More »

Barclays faces trial over $3 billion Quatar loan

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Barclays, Varley and Jenkins were also already accused of giving unlawful financial assistance. In addition to a corporate charge, the SFO is prosecuting four of Barclays' then senior executives, including former boss John Varley. It marked the first criminal charges to be brought in the United Kingdom against a bank and its former executives for activities during the financial crisis. Read More »

South and North Korean officials continue exchange during Olympics

Kim Yo-jong , the first member of Pyongyang's ruling dynasty to set foot in the South since the end of the 1950-53 Korean War, accompanied Kim Yong-nam, North Korea's ceremonial head of state, to the meeting. In public comments, he repeatedly emphasized the strength of the U.S. alliance with South Korea and the need for North Korea to give up its nuclear ambitions. Read More »

Potter fights off stars to earn second PGA Tour win

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In 2014 he broke his right ankle in a freak accident stepping off a curb. Fellow Americans Johnson, Phil Mickelson and Chez Reavie and Australian Jason Day tied for second on 14-under. The Scottsdale resident went out in blemish-free 5-under, circling holes 1, 4, 6, 8 and 9, two from between 33 and 37 feet, but came home in birdie-less 1-over, squaring bogey-6 at 14. Read More »

JB Hi-Fi sales and revenue lift

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Over a five-year period, the value of sales rose 20 percent compared to volume growth of 76 percent. The home electronics and entertainment retailer says sales revenue for the 12 months to December 31 surged 41 per cent to $3.69 billion, reflecting the November 2016 acquisition of rival The Good Guys . Read More »

Analysts' Activity: Rite Aid Corp (RAD)

The firm earned "Underperform" rating on Friday, June 30 by Bank of America. They issued a "hold" rating and a $2.25 target price for the company. The firm has "Buy" rating given on Monday, November 6 by Argus Research. Currently Rite Aid Corp (NYSE:RAD)'s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 51.4%. The stock has changed 44.93% to a low over the previous 12 months and showed performance of -67.48% to a high over the same period. Read More »

Nancy Pelosi's Heels Are the New Filibuster Sneaker

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Democratic Rep. John Delaney of Maryland told Business Insider that there was no specific whipping against the plan, which does not guarantee any action to extend protection for DACA recipients, but that there would be "a lot of discussion" when House Democrats gathered later in the evening. Read More »

Puel explains decision to bring Mahrez back v Man City

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Kevin de Bruyne put in yet another virtuoso display in Man City's midfield, while Sergio Aguero reminded everyone of his world-class finishing skills as he scored four goals against the Foxes . The former Liverpool man's previous best was 11 goals, which he recorded in the 2014/15 and 2015/16 seasons. Roma, who pursued Mahrez last summer, continue to have an interest in the player, but not at the price that Leicester quoted City last week. Read More »

Credit Suisse Says It Saw No Losses From VIX-Linked Securities

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Credit Suisse (CS -1.6%) will end trading in its inverse volatility ETN, the VelocityShares Daily Inverse VIX Short-Term (NASDAQ: XIV ), after an 84% collapse that halted trading in the notes. The VIX jumped 115%, sending the XIV and SVXY funds down at least 15%. Inverse volatility ETNs hold short positions in these futures contracts, and short sellers know buying the underlying contracts is part of the process of closing out these short positions. Read More »

Uber Pays Waymo $245 Million to Reach Settlement On Trade Secrets

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Uber and Waymo, a subsidiary of Alphabet / Google that specializes in autonomous auto technologies, reached an amicable agreement ending accusations of theft of patents made by the latter against the former. Uber bought Otto, the company Levandowski formed just before he quit Waymo in January 2016, in a deal valued at more than $600 million in stock. Levandowski was also set to take the stand Monday, when he was expected once again to repeatedly take the Fifth, a move that Uber's lawyers ... Read More »

Stocks open higher Friday after major U.S. index enters correction territory

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But first: There's a reason this correction feels worse that any correction I can recall in 35 years of watching markets . The up-and-down trading Friday came a day after the market entered its first correction in two years. The yield on the 10-year Treasury note rose to 2.84 percent. Among the sectors that have performed poorly on Wall Street this week are banks, homebuilders and tech companies . Read More »