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OPEC cuts extension 'necessary' but may not be enough, claims Kemp

On Thursday, the Organization of the Petroleum Exporting Countries and key producers pledged to extend a six-month deal to cut output by 1.8 million barrels per day (bpd) by another nine months until the end of the first quarter of 2018. A further 8 United States oil rigs were added last week, bringing the total count up to 720, the most since April 2015, and it is very likely this trend will continue at current oil prices . Read More »

Aldi and Lidl sales surge as inflation grows

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Lidl, too, continues to post impressive growth, rising by 18.3% since past year to sit on 5.0% market share. Some 62 per cent of people shopped in an Aldi or Lidl during the past 12 weeks, compared to 58 per cent a year ago, equating to an extra 1.1 million households. Read More »

BA 'has two weeks to save its brand' after IT failure

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British Airways said it was hoping to operate a near-normal schedule of flights from Gatwick, London's other major airport, and the majority of its Heathrow services. Passengers were asked to contact BA to locate their luggage, after many were forced to leave Heathrow without claiming their bags in chaotic scenes that saw queues snaking out of the airports. Read More »

Declares Monthly Dividend of $0.08 (PSEC)

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The company was initiated on Friday, January 29 by National Securities. Zacks Investment Research upgraded shares of Prospect Capital from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a report on Wednesday, April 12th. Read More »

May could lose majority in UK parliament: YouGov study in The Times

But if she does not handsomely beat the 12-seat majority Cameron won in 2015, her electoral gamble will have failed and her authority could be undermined just as she tries to deliver what she has told voters will be a successful Brexit . The figures came in stark contrast to earlier expectations that the Conservatives would increase their majority. YouGov firm acknowledged that its predictions were controversial and that they suggested big swings in the usual voting patterns for many Britons. Read More »

At Memorial Day events, SLO County honors those who sacrificed their lives

Jimmy Russell, who was the host speaker of the ceremony, explained why Memorial Day really should be recognized every day. "Yes, we gather together and we have a nice meal, but we still remember those who've gone before us", Rockey said. "But then Memorial Day is set aside to remember those who have died while in service", he told KRMG.After the address, Trump visited a section of the cemetery for US service members killed in the Iraq and Afghanistan wars. Read More »

Sterling dips after poll suggests hung parliament

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JC: What we think is it's more important to invest for the whole community and collect the money back through taxation on the principle of universalism. "A hung parliament would in more normal circumstances be viewed as quite a negative for sterling", analyst Paul Meggyesi said in a note distributed to media on Tuesday and sent to clients at the end of last week. Read More »

France's Macron, Alongside Putin, Denounces Two Russian Media For Election Meddling

Two days before the May 7 election run-off, Mr Macron's team said thousands of hacked campaign e-mails had been put online in a leak that one New York-based analyst said could have come from a group tied to Russian military intelligence. "He knows immediately, from the off, that they are not on his side, they are not his friends", Nixey said, adding that it is hard to say how Putin will react to Macron's actions. Read More »

JM Smucker to Acquire the Wesson Oil Brand from Conagra

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Cap Guardian Trust Commerce reported 1,163 shares or 0% of all its holdings. Johnson Inv Counsel Incorporated reported 77,485 shares or 0.31% of all its holdings. The brokerage now has a $132.00 price target on the stock, down from their prior price target of $135.00. The firm has "Outperform" rating given on Wednesday, September 16 by Credit Suisse. Read More »

PM Modi names India's longest bridge after Assamese legend Bhupen Hazarika

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It reduces the distance by 165 km, cutting travel time by seven to eight hours between Anjaw in eastern Arunachal Pradesh to Assam's Tinsukia or Dibrugarh , paving path for more opportunities for trade and economic development. The construction of this 9.15-km-long bridge began in 2011 under public private partnership. The BJP will be organising a pan-Indian festival-like publicity campaign to highlight the achievements of the Narendra Modi-led NDA three-year rule. Read More »

BA travelers face third day of delays and cancellations

He told the BBC that the power failure had affected all its systems including baggage, flight and customer communication technology. Travellers spent the night sleeping on yoga mats spread on terminal floors on Saturday after BA cancelled all flights leaving the London hubs, and disruption continued into Sunday with dozens more services from Heathrow axed. Read More »

UK PM May says no delaying June 19 start to Brexit talks

You've announced a major policy and you don't know how much it will cost. With polls showing May is more trusted to deliver Brexit than Corbyn , she will look to keep the election debate tightly focused on the upcoming talks, seeking to recover from a backlash to her plans to make elderly voters pay more towards the cost of their old age care. Read More »

Trump tweets against Germany, escalating row after tense summits

Merkel herself described her diplomatic encounter with the Americans as "very hard, not to say very unsatisfactory". Mrs Merkel regards her speech on Europe becoming more active internationally as a reflection of the reality during the Ukraine conflict and the refugee crisis, according to a senior German government official with knowledge of her thinking. Read More »

Amazon joins the $1000 club

When Amazon hit $1,000, it's technically the equivalent of a $12,000 share price in today's terms. On an FX-neutral (FXN) basis, revenue growth was unchanged Q/Q. 2,306 shares valued at $1.93 million were sold by Jassy Andrew R on Wednesday, February 15. Amazon.com, Inc. has a 20-Day Simple Moving Average . Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $1.17 million activity. Read More »

Weekend Box Office: Dead Man Walking

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The movie starring Johnny Depp , Javier Bardem , Kaya Scodelario and Brenton Thwaites earned an estimated $62.2 million in its first weekend, with the Memorial Day boost bringing its estimated weekend total to $76.6 million, AceShowbiz reports. Read More »

Amazon shares rise above $1000 for the first time

Only four other USA -listed companies have shares trading above $1,000: online travel booking company Priceline Group Inc., homebuilder NVR Inc., pork producer and ocean transportation company Seaboard Corp. Amazon had said that sales rose a 23 percent during that quarter and that its Amazon Web Services business sales rose by a whopping 42 percent. Amazon now is the fourth biggest company by market capitalization after Apple, Google parent Alphabet and Microsoft. Read More »

Cloud Computing surges past Always Dreaming to win Preakness

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Always Dreaming had appeared to be that horse after winning his first four races this year by a combined 231⁄4 lengths, including a 23⁄4-length score in the May 6 Kentucky Derby . "We made a great call." Always Dreaming and Classic Empire dueled for most of the race before Classic Empire stuck his nose in front midway on the far turn". Read More »

Venezuela sets date for delayed regional elections

The head of the pro-government electoral council said voting for the congress would be held in late July, while regional elections, meant to be held in 2016, would take place on December 10. The opposition blames him for an economic crisis that has caused major shortages of food, medicine and other basic goods amid soaring inflation. "Fifty days in which we have transformed fear into courage and strength", opposition leader Miguel Pizarro wrote on Twitter. Read More »

Three Mile Island owner threatens to close ill-fated plant

In the meantime, Exelon wants Pennsylvania to give nuclear power the preferential treatment given to renewable energies, such as wind and solar. Nuclear power plants around the US have been struggling in recent years to compete with generating stations that burn plentiful and affordable natural gas to produce electricity. Read More »

Pentagon: Missile defense test was a success

North Korea has held nine missile tests of its own so far this year, with the latest coming within about 230 miles of where commercial Japanese ships usually travel. can use that information to guide an interceptor missile to knock into the enemy weapon while it's still in space - away from people - and smash it into smithereens. Read More »

Officers found Woods asleep at the wheel

According to the report, Tiger did not know where his home was, despite being arrested in the same Florida town in which he lives. The police report from Woods' arrest also reveals that Woods blew a.000 on two breathalyzer tests but failed field sobriety tests . Read More »