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Toshiba Reports Massive Loss for Year Over Westinghouse Woes


But Western Digital has not been put off by Toshiba's legal warnings earlier this month. Tokyo-based Toshiba Corp. labelled the results released Monday as projections, rather than results, as they had not obtained auditors' approval, but it was in line with what it had said recently. Read More »

EV Energy Partners, L.P. (EVEP) Rating Reiterated by Citigroup Inc


Analysts have placed a $2.13 price target on EV Energy Partners, L.P., suggesting a 93.64% gain from recent close. Energy Transfer Partners LP (NYSE:SXL) was downgraded by analysts at Credit Suisse Group AG from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Monday, May 1st. Read More »

China's industrial production slows down


Fixed asset investment in the manufacturing sector also slowed over Jan-April, with growth of 4.9 per cent down from 5.8 per cent in the first quarter. The country's first quarter economic growth came in at a faster-than-expected 6.9 percent, the quickest since 2015 on higher government infrastructure spending and a gravity-defying property boom. Read More »

China calls for closer ties across Asia and Europe to boost trade

Pakistani Prime Minister Nawaz Sharif meets Chinese President Xi Jinping ahead of the Belt and Road Forum in Beijing, China May 13, 2017. "Innovation is an important force powering development". Back then, India had not yet named an official delegation to take part in a summit of the "One Belt, One Road" initiative. It will also provide aid worth 60 billion yuan (£6.7 billion) to developing countries and global organisations taking part in the initiative to revive the ancient trade route. Read More »

MTA launches courtesy campaign to offer seats to pregnant women, seniors


New York's subway system is offering " Baby on Board " pins for pregnant riders to help them secure them a seat while taking public transit. Those interested can get a button free of charge by visiting the MTA's website . With the ubiquity of smartphones and the expansion of Wi-Fi throughout the subway, some riders might be so consumed with their gadgets that they do not notice a pregnant woman standing nearby. Read More »

Sprint, SoftBank start early deal talks over T-Mobile - BBG


Deutsche Telekom hits 17-month high, up 3.7 pct at $17.33. Sprint tried acquiring T-Mobile back in 2014, but the deal fell through over regulatory hurdles. Over the last two years, T-Mobile's evaluation has soared to $55 billion, or $23 billion more than Sprint's. Sprint is languishing in fourth place in the U.S. Read More »

United Airlines says cockpit access information made public


The incident once again highlights to organizations the security risks posed by insiders; in this instance an employee accidentally breaking strict rules governing highly sensitive corporate information. The Air Line Pilots Association, a union that represents about 55,000 pilots in the USA and Canada, said on Sunday that the issue has been fixed. Passengers aren't allowed in the front bathroom on an aircraft when the cockpit door is open , and access to the flight deck is blocked, sometimes ... Read More »

Travel boss warns of tougher times for UK as sales growth slows


Tourists have over the a year ago been avoiding Turkey, as well as Egypt and Tunisia, over security concerns, instead opting for western Mediterranean destinations such as Spain and Portugal. In the first half of the financial year, the sector continued its growth path and achieved a substantial improvement in its operating result. TUI expects to deliver a 10-percent increase in underlying profit over the full year from 898 million euros last year. Read More »

Coach Goes Shopping, Picks Up Stylish Rival Kate Spade For $2.4B


Coach's CEO, Victor Luis, reacted to the acquisition news to comment, "Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials". Coach shares closed with a gain of 0.21 percent on Friday. Kate Spade , which was founded in 1993 by a former fashion journalist, sells bags priced from $100 to $500, while those of Coach go for $285 to $3,000. Read More »

Europol warns of further cyberattacks on Monday morning

Microsoft said it had taken the "highly unusual step" of releasing a patch for computers running older operating systems including Windows XP, Windows 8 and Windows Server 2003. CERT-In has informed all chief information security officers regarding the ransomware and an advisory has been issued. Hong Kong-based Ivezic said that the ransomware was forcing some more "mature" clients affected by the worm to abandon their usual cautious testing of patches "to do unscheduled downtime and urgent ... Read More »

Men Exchange Punches On Southwest Plane, One Arrested


Other incidents - including a passenger arguing with an American Airlines flight attendant who allegedly tore a stroller from a woman carrying a baby and a near-riot at a Ft. One victim was bloodied and suffered a chipped tooth, Burbank police were quoted as saying to multiple news organizations. Another passenger sustained minor injuries in the fight. Read More »

Jays' Liriano placed on 10-day DL with shoulder problem


He never started for the Jays in the playoffs, but appeared in two games, giving up two runs in Game 2 of the Division Series against the Texas Rangers. "As hot as we were with the bat in Philadelphia, we've been just as cold here in Toronto", manager Scott Servais said. I wanted to really just see the ball out of his hand, feel a little bit more comfortable with him. Read More »

Tunnel collapses at American nuclear weapons site


Surveys of the area show no indication of release of contamination as a result of the cave-in. Thousands of workers at the Hanford nuclear reservation had to take cover on Tuesday when a tunnel containing radioactive waste collapsed, local and national United States newspapers reported. Read More »

White House Again Postpones Meeting on Paris Climate Pact

But an ongoing argument over the fate of the 2015 Paris climate accord has spilled into unusually public view as top advisers to the President near a decision on withdrawing from the landmark pact. Meetings to discuss the plan between aides are announced publicly as a final decision approaches. US President Donald Trump has expressed scepticism about the pact. Read More »

Erdogan criticises United States plan to arm YPG in Syria


President Donald Trump approved arming the Syrian Kurdish militia this week to support the USA -led offensive in Raqqa. The Trump administration has not specified the kinds of arms to be provided, but USA officials have indicated that 120 mm mortars, machine guns, ammunition and light armored vehicles were possibilities. Read More »

Banks confront Morrison on levy details

Mr Hartzer commented: "Yesterday, $14 billion of value was wiped off Australian bank shares because of speculation around this new tax". Asked if the banks would mount a mining tax-style ad campaign against the tax, she said: "The banks will continue to prosecute this issue in a number of ways". Read More »

Religious Groups Divided Over Trump's Executive Order


Nancy Northup, president of the Center for Reproductive Rights , suggested the order's provision exempting religiously affiliated companies and other groups from covering preventative care is sex discrimination. Trump spoke to religious leaders in the Rose Garden, where he also announced he'll visit Israel, Saudi Arabia and the Vatican - including a meeting with Pope Francis - on his first foreign trip. Read More »

Crude Oil Price Forecast: OPEC's Kitchen Sink Fails To Lift Crude


Crude inventories fell 5.2 million barrels in the week to May 5, the US Energy Information Administration said . Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in US crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Read More »

India calls for deeper ties with Sri Lanka as China looms

Prime Minister Narendra Modi today assured Sri Lanka of Indias support in its nation-building efforts, saying New Delhi will be a friend and a partner, amid Chinas forays into the important Indian Ocean country. Ours is a friendship that lives in the hearts of our people and in the fabric of our societies, ” he said. He hailed the spirit of Indian-origin Tamils in Sri Lanka and announced the construction of additional 10,000 houses in upcountry areas and the extension of the emergency ... Read More »

Attack sparks debate on when spy agencies should disclose cyber holes

The malware, using a technique purportedly stolen from the U.S. National Security Agency, affected the U.K.'s National Health Service, Russia's Ministry of Interior, Germany's Deutsche Bahn rail system, automakers Nissan Motor Co. Soon he and MalwareTech were communicating about what they'd found: That registering the domain name and redirecting the attacks to the server of Kryptos Logic had activated the kill switch, halting the ransomware's infections. Read More »

Trump plans first presidential overseas trip, to Israel, Vatican and Saudi Arabia


On the National Day of Prayer, President Donald Trump announced his first official trip overseas will be to three religious meccas: Saudi Arabia, Israel and Italy, where he will meet with Pope Francis. When asked how Trump was preparing for the trip, the official said, "He's been preparing his whole life for a lot of these things". White House officials told NBC that while in Saudi Arabia Trump will meet Arab leaders from across the Middle East to discuss peace in the region and cutting ... Read More »

Oil tumbles on supply concern, euro up ahead of French vote


Just off the coast, in the Straits of Malacca, dozens of tankers loaded with record amounts of unsold fuel show an OPEC-led agreement to cut production in the first half of 2017 has yet to tighten the market. Dean Rogers, senior technical analyst at Kase & Co, said charts showed the next potential stalling points were US$44.20 for WTI and US$47.20 for Brent . Read More »

Oil collapses to $45

WTI futures have fallen below prices when the Opec cuts were agreed in late November and are at their lowest since Nov 14. Decline being driven by expanding USA output before Opec is set to decide whether to prolong its cuts. Silencing critics who predicted OPEC would cheat its own quotas, the cartel has shown considerable restraint this time around by overwhelmingly complying with its supply cut agreement. Read More »

Macron sworn in as new president of France, promises unity

HH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah yesterday sent a congratulatory cable to Macron on his inauguration. That country's about to vote on a new president. "You are now the man of your time... and by the sovereign choice of the people, you are now, above all... the man of our country". Tight security is in place across Paris for the inauguration of Emmanuel Macron as France's president. Read More »