Money
Air France says long-haul flights impacted by strike…
It recommends that its customers with a Thursday flight reservation change their ticket "at no extra cost". Pilots, flight attendants and navigation crews that work for French flag carrier Air France are striking on Thursday, demanding a salary raise, the company said in a press release. [Full Article...]
Fed expects economic gains to prompt gradual rate hikes
She did not mention interest rate rises in Friday's speech. Higher rates could also tighten credit for consumers as well as companies that have struggled to grow their sales as quickly as their profits during this economic recovery. The pace of inflation has already begun to dominate Powell's first month in charge. Although inflation continues to run below the Fed's 2 percent target despite un... [Full Article...]
Hewlett Packard Enterprise Co (HPE) Shares Skyrocket on Q1 Sales Beat
This comparison specified negative percentage difference of -1.08%. Schroder Investment Management Group now owns 12,475,175 shares of the technology company's stock valued at $181,763,000 after purchasing an additional 5,177,979 shares during the last quarter. [Full Article...]
General Mills buys Blue Buffalo Pet Products for $8 billion
Also, CEO William W. Bishop, Jr. sold 3,180 shares of the firm's stock in a transaction dated Wednesday, December 27th. General Mills also says that the deal has the approval of it and Blue Buffalo Pet Products Inc's Boards of Directors. [Full Article...]
Los Angeles police confirm 'ongoing' investigation into Jonathan Martin post
Students who had already arrived at the campus could wait until their parents or guardians could pick them up. In the chilling post, he hashtagged his former school, Harvard Westlake in California and the Miami Dolphins. The threat was taken as a serious threat by his former high-school which went on lock-down shortly after the post was made on Instagram. Daily News the post that prompted the ... [Full Article...]
RBS boss hails 'symbolic' first profit since financial crisis
Chief executive Ross McEwan told the BBC that the return to profit was 'a really symbolic moment, ' adding that 10 years ago, RBS was the largest bank in the world, with a balance sheet of £2.2 trillion, which has now shrunk to about £750 billion. [Full Article...]
Feathers fly as chicken shortage shuts KFCs across Britain
That went over poorly. Just days after a chicken shortage resulted in almost 900 Kentucky Fried Chicken restaurants in the United Kingdom to close their doors, the restaurant chain has issued an apology. "A chicken restaurant without any chicken", the company said in the advertisement. KFC took the crisis in its stride, setting up a website called https://www.kfc.co.uk/crossed-the-road to in... [Full Article...]
Wall Street climbs further after Fed minutes; industrials lead
European shares dipped. A flurry of corporate results failed to lift sentiment after speculation about US interest rates soured risk appetite globally. The pan-European FTSEurofirst 300 index .FTEU3 lost 0.15 percent and emerging market stocks fell 0.64 percent. The Dow Jones Industrial Average rose 164.7 points, or 0.66 per cent, to 24,962.48, the S&P 500 gained 2.63 points, or 0.10 per cent,... [Full Article...]
U.S. crude oil stocks unexpectedly drop
West Texas Intermediate (WTI) crude CLc1 futures rose $1.09, or about 1.8 percent, to settle at $62.77 a barrel. That compared to the 1.8 million-barrel rise in inventories forecast by experts. "It makes more sense to liquidate your on-hand inventories", Lipow said. The decrease in net imports caught the market offguard, said Brian Kessens, portfolio manager at energy investment manager Tortoise... [Full Article...]
May U-turn on rights for EU migrants after Brexit
The ONS head of migration statistics, Nicola White, said Brexit "could well be a factor in people's decision to move to or from the United Kingdom", though she noted that "people's decision to migrate is complicated and can be influenced by lots of different reasons". [Full Article...]
The Coca-Cola (KO) Given a $48.80 Price Target at Societe Generale
Capital International Investors now owns 37,897,916 shares of the company's stock worth $1,699,722,000 after acquiring an additional 383,733 shares in the last quarter. Donaldson Mgmt Llc reported 156,887 shares. Dorsey & Whitney Tru Llc holds 0.5% of its portfolio in Corning Incorporated (NYSE:GLW) for 83,601 shares. [Full Article...]
Blac Chyna's sex tape leaks
The video ends with Chyna rising up from the bed, the tattoos on her body fully visible. As previously reported , the sex tape was leaked by an anonymous Twitter account on early Monday morning, February 19. The lawyer went on to specifically call out men admitting he was "tired" of having to tell his clients "not to make videos because men will put them out later". [Full Article...]
Bahrain rights activist jailed for five years for 'insulting' tweets
Rajab was arrested in June previous year after tweets from his account suggested that security forces had tortured detainees in a Bahraini prison and on a military campaign in Yemen by a Saudi-led coalition that includes Bahrain . It is not the first time the activist has been sentenced for a tweet - he was sent to prison for six months in 2015 on similar charges. Prosecutors also investigated t... [Full Article...]
Toys 'R' Us Plans to Close Another 200 Stores
Things appear to be going from bad to worse for the beleaguered USA arm of Toys R Us as a further 200 stores look set to be closed. The retailer is another in a long list facing dropping sales as consumers continue to favor online shopping. [Full Article...]
Enable Midstream Partners (ENBL) Price Target Raised to $20.00 at UBS Group
Shareholders of record on Friday, February 2nd were given a dividend of $0.2917 per share. Its down 16.46% from 1.36M shares previously. With 996,300 avg volume, 6 days are for Imax Corporation (NYSE:IMAX)'s short sellers to cover IMAX's short positions. [Full Article...]
Raj Nair, Ford's President of North America, Exits Company
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The company says Nair's behavior was not consistent with Ford's code of conduct. In this post he will be responsible for all of Ford's North American business and report to Jim Farley, Ford EVP and president of Global Markets. Nair stands to lose about US$4.8 million worth of Ford restricted shares he was granted in May 2017 that would have vested had a remained with the company until May 2020... [Full Article...]
Albas disappointed by Alberta ban of BC wine
BC's heated trade dispute with Alberta might be cooling down, now that Premier John Horgan is seeking legal advice on whether he's allowed to restrict the transportation of oil through this province. The Alberta government has taken out full page ads in some B.C. newspapers, mocking the "left coast" despite stating within that both provinces still share many common goals. [Full Article...]
British Gas owner to axe 4000 jobs - despite making £1.25bn profit
Centrica said the job losses, which are part of an extended cost-cutting programme, would fall mainly in its United Kingdom energy supply business. Meanwhile, the firm's British Gas business shed 9 per cent of its United Kingdom domestic customers last year.The company's United Kingdom business division also saw profits plunge by 92 per cent in adjusted operating profit for the year to 31 Decem... [Full Article...]
BHP Billiton plc (BBL) held by 95 SEC 13F Filers
The SI to BON-TON STORES INC COMMON SHARES's float is 0.93%. The stock increased 2.17% or $2.29 during the last trading session, reaching $108.03. BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. [Full Article...]
RBI panel to keep tab on rising bank frauds
In a statement on Tuesday, RBI said it had issued repeated warnings to banks on the possibility that the SWIFT system could be misused. We immediately alerted the correspondent banks to recall the funds. Meanwhile, USD 1,000,000 made its way to a Chinese-based bank, where someone used forged documents to claim the funds. "One was $500,000 to Dubai which has been retrieved fully", said N. [Full Article...]