Money

Cost increases spark construction output slowdown

On the price front, input cost inflation climbed to its highest mark since August 2014, while output charges were raised for the eleventh successive month, IHS Markit report said. Although housebuilding remained the best performing category, the latest expansion was the weakest for five months. Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics , said it was worrying that manufacturers were increasingly reliant on domestic demand, which could fade away once price rises ... Read More

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Volkswagen passes Toyota to become world's biggest automaker

Volkswagen passes Toyota to become world's biggest automaker

This is the first time that Toyota has lost the crown since 2011, when the company was hit by supply chain disruptions caused by a massive natural disaster that led to a tsunami in Japan's north-eastern region. The German company's CEO Matthias Mueller recently said the firm would stop making volume leadership one of its chief goals. In Europe sales rose four percent. Read More

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GM to slash up to 600 jobs at CAMI plant, union says

The Ingersoll plant builds the Chevrolet Equinox and the GMC Terrain. Unifor has 2,800 workers now at the plant, and another 300 are non-union salaried positions. GM has been under pressure from President Trump about its Mexican plants. Trump has called NAFTA the worst trade deal the USA has ever signed. "Make in United States of America or pay big border tax!" The move comes as GM plans to invest one-billion dollars in its US plants, allowing it to add or keep thousands of jobs. Read More

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Bob Evans Selling Its Restaurants to Firm for $565 Million

CEO Saed Mohseni said in a statement that the transactions "are a major step in our strategic transformation that we believe will continue Bob Evans' history of success". Mohseni said the company's executive team, including Bob Evans Restaurants President John Fisher, will remain in place to oversee the transition and following the completion of the transaction. Read More

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Reporters See Changes Made To The Oval Office By Trump

Reports of the removal prompted protests from British figures including the United Kingdom foreign secretary, Boris Johnson, who in turn was criticised when he blamed the swap on Obama's "ancestral dislike of the British empire". A bust of the World War II leader has been in the president's home for decades, but Obama moved it from the Oval Office to the residence at the White House when he started his first term. Read More

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IEA revises upward its demand growth data for 2016

IEA revises upward its demand growth data for 2016

In the first week of January alone, oil output jumped by 176,000 barrels per day to 8.95 million barrels per day from 8.77 million, according to the U.S. In the meantime, the IEA said it had revised upwards its estimate for global oil demand growth in 2016 and now saw growth at 1.5 mbd, "with most of the revision contributed by stronger European demand". Read More

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Local women to march on state, nation's capitals

Local women to march on state, nation's capitals

We are non-partisan and will use the Women's March on Homer as a peaceful means to express our support for women's rights and human rights in our community and the country , rather than to criticize politicians or political parties. Kendy Altizer, a doctoral candidate in the department of anthropology at UT, is a member of the Knoxville chapter of the Women's March on Washington. Read More

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Tehran high-rise building collapses after fire

Local media had said that 30 people were injured by the initial fire before the building crumbled. Iran's state-run Press TV announced the fire fighter's deaths, without giving a source for the information. Several embassies are located near the building. -Rescue efforts continued Thursday afternoon in Iran, where one of the capital's landmark buildings collapsed earlier in the day as firefighters fought to put out a blaze. Read More

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Experimental Japanese Rocket Fails to Launch Tiny Satellite Into Orbit

Experimental Japanese Rocket Fails to Launch Tiny Satellite Into Orbit

Use of such a small rocket was meant to demonstrate the feasibility of Japan's mini-rocket and micro-satellite technology , which the country hopes to commercialize through private companies. It was created to place a satellite weighing up to 4 kg in orbit at an altitude of up to 2,000 km. The space agency added that the first and second stage separated as expected, but the ignition of the second stage was stopped. Read More

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SpaceX Edges Closer To Weekend Launch

SpaceX Edges Closer To Weekend Launch

The launch at the Vandenberg Air Force Base launch complex and the booster will hopefully land out to sea on one of the company's automated drone ships aptly named Just Read the Instructions. Those launches including cargo resupply flights to the International Space Station and the first liftoff of its Falcon Heavy rocket , which been repeatedly postponed over the course of four years. Read More

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Wells Fargo & Co (NYSE:WFC) & GlaxoSmithKline plc (ADR) (NYSE:GSK) News Review

Wells Fargo & Co (NYSE:WFC) & GlaxoSmithKline plc (ADR) (NYSE:GSK) News Review

Big bank shares rose following a slew of earnings reports . Moors And Cabot reported 43,831 shares or 0.32% of all its holdings. JPMorgan shares edged higher on the news, but BofA saw its price fall in premarket trading. "( WFC ) Win Back Its Credibility?" on January 11, 2017, also Forbes.com with their article: " Wells Fargo Reaches Analyst Target Price" published on January 11, 2017, Gurufocus.com published: "Waverton Investment Management Ltd Buys Wells Fargo & Co, US Bancorp, ... Read More

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Fiat Chrysler to invest $1 billion in US

Repurposing the Mexican factory would be "costly and uncertain". He cited that NAFTA regards both Mexico and Canada, where FCA has two plants that primarily make cars for the U.S. "Thank you Ford & Fiat C!" Ford's CEO cited demand , rather than the policies of President-elect Donald Trump , who has vowed to impose a "border tax" on companies that send jobs overseas. Read More

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US Senate to act on Obamacare repeal

They've told me about the cost of their premiums doubling, or even tripling, with deductibles so high they are practically paying for all of their own care. "We are going to use every tool at our disposal, through legislation and regulations, to bring replacement concurrently with repeal so we can save people from this mess", Ryan said. Read More

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Yahoo is not changing its name to Altaba in Verizon sale!

Yahoo is not changing its name to Altaba in Verizon sale!

Yahoo! Inc . has said it will be renamed Altaba Inc and chief executive Marissa Mayer will step down from the board following the closing of its merger deal with Verizon Communications Inc. It seems the new Altaba and soon-to-be Verizon-owned Yahoo are interested in starting fresh with new leaders at the helm. Verizon began exploring a lower price or a possible exit from its purchase agreement in the wake of the recent disclosure of one of the largest-scale data breaches reported to ... Read More

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Jack Ma Meets with Donald Trump Promises 1 Million Jobs

Trump said that together with Ma, they will do great things for small businesses. "And Jack and I are going to do some great things ". In this context, Trump's embrace of a company that aims to help US exporters capitalize on America's trade relationship with China may be a source of comfort: Better for the president-elect to flip-flop on trade with the Chinese then to start a war over it. Read More

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SoftBank Gains After Apple Confirms $1 Billion Investment In Its Tech Fund

SoftBank Gains After Apple Confirms $1 Billion Investment In Its Tech Fund

The Tokyo-based company has lined up $10 billion to $15 billion in financing from Japanese banks to partly finance their share of the fund, with the rest coming from future asset disposals, the people said. Editor-at-large and co-founder at The Tech Portal. Japan yacht SoftBank participates on first day of Americas Cup race in ny harbour. Then, in December, several news outlets reported the company was in talks to chip in $1 billion to the cause. Read More

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Kohl's Stock Plunges On Big Holiday Season Sales Declines

Kohl's Stock Plunges On Big Holiday Season Sales Declines

Kohl's, which will report full fourth quarter results, slashed its full year earnings forecast to $2.92 to $2.97 per share, down from its previous guidance of $3.12 to $3.32 per diluted share. Inc. now owns 6,483 shares of the company's stock worth $246,000 after buying an additional 40 shares during the period. Kohl's Corporation (NYSE:KSS) last posted its earnings results on Thursday, November 10th. Read More

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Kmart in Wilmington to close this spring

On Wednesday, Sears said it would close 150 of its namesake and Kmart stores, which it called "a hard but necessary step as we take actions to strengthen the company's operations and fund its transformation". It was announced last week 30 Kmarts and 16 Sears would also be closing, including the one in the Enfield Square mall. A week earlier, on December 27, employees at 30 other Kmart stores and 16 Sears stores were given the same news. Read More

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Investors Catching Stocks: J. C. Penney Company, Inc. (NYSE:JCP)

Holding Company comprises approximately 0.4% of Evercore Trust Company N.A.'s portfolio, making the stock its 25th largest position. In the preceding quarter, J C Penney Company Inc (NYSE:JCP) saw a surprise factor of 4.55%. Holding Company (NYSE:JCP) last issued its quarterly earnings data on Friday, November 11th. The analysts estimated EPS for the higher end at -0.13 and lower end at -0.28 while the year ago reported earnings per share was -0.17. Read More

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Ford is building a 300-mile range all-electric SUV

Ford is building a 300-mile range all-electric SUV

While details of the brand new model are minimal apart from a 2020 release date, the U.S. carmaker has promised that the V8 Mustang hybrid will benefit from more low end torque and will be sold exclusively in the U.S. Some 700 new jobs will also be created at the plant which now builds the Mustang and Lincoln Continental. Field said that one of the cars will be built in Chicago, though both could be upfitted with their police gear at Ford's police vehicle modification center, which ... Read More

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Budget Session of Parliament likely from January 31;Union Budget on Feb 1

Budget Session of Parliament likely from January 31;Union Budget on Feb 1

Officials expect the move to hold the budget at the beginning of February instead of the end will allow for earlier allocation of funds for different government schemes and projects and lead to better implementation on the ground. A group of secretaries in the government had recommended advancing the budget to overcome the problem. Parliament passes the budget through a two-stage process. Read More

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SBI cuts cost of lending rate by 0.9% across maturities

SBI cuts cost of lending rate by 0.9% across maturities

All rupee loans sanctioned and credit limits renewed by banks with effect from April 1, 2016 are priced with reference to the MCLR. According to estimates, banks have collected cash deposits of over Rs 14.9 lakh crore following Prime Minister Narendra Modi's November 8 announcement, demonetising Rs 1,000 and Rs 500 notes to eliminate black money, counterfeit notes and terror financing. Read More

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Passengers revolt after pilot stumbles through security

Passengers revolt after pilot stumbles through security

Reports suggest the pilot made it all the way to the cockpit of the CityLink plane, a budget Indonesian airline and subsidiary of national airline Garuda Indonesia, before his condition was noticed. Video footage of Tekad going through security at the airport shows him unsteady on his feet, unable to stand up straight, and dropping his belongings. Read More

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Mobile Galaxy Note 7 Battery Killing Update Arrives Today

Earlier, sources having decent records in Samsung-related leaks suggested that S8 will have a brilliant folding technology accompanied with a smart watch which will be synchronized with the device at all times. How safe the phone turns out to be is more important than any hardware innovation. And the Note 7 felt like a refined S7 Edge, bonus a stylus pen. According to Yahoo , Samsung has collaborated with LG in order to replace the Note 8 batteries to minimize the same incident they had ... Read More

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Kris Jenner 'wants to buy Dream Kardashian'

She was then seen on Snapchat without her wedding or engagement ring as she posed with her sister Khloe . She did it because she wanted to relax and not worry about Kanye's outbursts. "The only thing that might keep them together is the kids", the insider added. There's even a possibility that Kanye might dish all the dirt on the Kardashians if he ends up getting thrown under the bus. Read More

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All eyes on Mulayam as Yadav pari-war re-erupts

Akhilesh Yadav has submitted his own list of candidates for the elections against Shivpal's list. Political analysts say that by selecting candidates for all 403 seats of the state, Akhilesh had also indicated that any possibility of an alliance with any party has now ended, at least from his end. Read More

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