Business
Duterte: Philippines Military Could Team up With China for Naval Exercises
Meanwhile, President Duterte said he has not yet given a definite response to the invitation of US President Donald Trump to visit the US. In Washington, White House Chief of Staff Reince Priebus told ABC's This Week that Mr Trump was seeking to firm up support in South-east Asia to help rein in North Korea's nuclear and missile programmes. [Full Article...]
Indian shares pause after hitting record highs
BSE benchmark Sensex shed 111 points to settle below its milestone the 30,000-mark at 29,918.40. On a weekly basis, the Sensex and Nifty gained 553.10 points (1.88 percent) and 184.65 points (2.02 percent) respectively, their best performance since March 17 on better-than-expected earnings by corporates. [Full Article...]
US FCC chairman Ajit Pai proposes overturning Obama-era net neutrality rules
However, Republican Ajit Pai , who voted against those rules as a commissioner and was named chairman by president Trump three months ago, has openly expressed his desire to replace those regulations. "This is a fight that we intend to wage, and this is a fight that we are going to win". The biggest problem in the argument is that net neutrality is still wildly misunderstood by lawmakers. [Full Article...]
BP's profit triples on higher oil prices and output
BP's underlying profits beat market expectations, nearly trebling from $532 million to $1.5 billion against a forecast of $1.26 billion, and its shares rose 2 per cent to 454p in early trading. BP scared investors this year when it said it needed oil to be at $60 a barrel to break even. BP bumped up its production by five per cent in the quarter to 3.5m barrels per day. [Full Article...]
Trump tax plan: Relief for his voters but lots of unknowns
In announcing the guiding principles for tax reform on Wednesday, Treasury Secretary Steven Mnuchin said there would be only two tax deductions that would be sacrosanct in negotiations with Capitol Hill. Hence, the proposal would boost the USA federal debt by $7.2 trillion (the sum includes interest costs) over the decade. The interview recalled the roll-out of the plan Wednesday - just in t... [Full Article...]
U.S. GDP Rose 0.7% in First Quarter
Such weak economic growth won't be something Trump will show off at his rally in Pennsylvania on Saturday, which marks his 100 days in office. Real GDP grew at a seasonally adjusted annual rate of 0.7% during the first quarter of 2017, according to the Bureau of Economic Analysis's "advance" estimate, down from 2.1% in the fourth quarter. [Full Article...]
Iran receives positive signals from OPEC, NON-OPEC countries for output cuts
Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts. Angola's oil minister, José Maria Botelho de Vasconcelos, said he believed the deal would be extended beyond June. Speaking at a conference in Paris , Mohammad Barkindo , secretary-general for OP... [Full Article...]
'Be more like Trump': Jean-Marie Le Pen criticises daughter's presidential campaign
Le Pen accounted for 21.3% of first round votes, finishing runner-up to Emmanuel Macron who received 24% of all votes. The intervention by her father follows her announcement on Monday that she plans to step back from day-to-day management of the far-right party he founded ahead of the run-off and marks the latest tussle between the two of them over its future direction. [Full Article...]
Goodyear Tire revenue misses estimates on lower shipments (ML, CON)
About 1.11M shares traded. Cooper Tire & Rubber Co's payout ratio is presently 9.86%. The stock price weekly volatility remained at 1.53% while volatility is standing at 2.20% for the month. If you are accessing this article on another website, it was stolen and reposted in violation of worldwide copyright & trademark legislation. The legal version of this article can be viewed at ... [Full Article...]
Thames garden bridge scrapped by mayor
Sadiq said he consulted this report before penning the letter as well as assessing all information available about the project. As recently as December - whilst Dame Margaret's investigation was under way - the mayor told the Garden Bridge Trust that he did not believe that the probe would reach the conclusion that cancelling the project was in taxpayers' best interests . [Full Article...]
Ford 1Q earnings down on recalls, lower sales; revenue rises
The Dearborn, Mich. -based automaker has warned that earnings would decline in 2017, as Ford comes off a year in which a new F-150 pickup truck drove sales. Shanks said Ford's own used-car values at its finance arm were down 7 percent compared to the same quarter in 2016, but said customers' credit scores remained high and we "feel really good about where credit is". [Full Article...]
Anthem, Inc. (NYSE:ANTM) announced the appointment of VP
During the same quarter a year ago, the firm earned $3.46 EPS. State Street Corp raised its position in shares of Anthem by 3.8% in the fourth quarter. If you are reading this article on another site, it was copied illegally and republished in violation of US and global copyright laws. The original version of this news story can be viewed at https://baseballnewssource.com/markets/anthem-inc-antm... [Full Article...]
Canada reports progress with United States on lumber, "but not there yet"
U.S. Commerce Department officials say it's been a tough week for trade relations with Canada. The U.S. softwood lumber industry has long complained that competing imports from Canada are subsidized by provincial governments, giving Canadian lumber firms an unfair pricing advantage. [Full Article...]
Alexco Resource Corp. (AXU), First Majestic Silver Corp. (AG)
The company reported an impressive total revenue of 891.56 Million in the last fiscal year. Silver Wheaton Corp . The business had revenue of $258 million for the quarter, compared to the consensus estimate of $244.84 million. The stock's 50-day moving average price is $8.28 and its 200 day moving average price is $8.64. This represents a $0.28 annualized dividend and a dividend yield of 1.39%. [Full Article...]
Magellan Midstream Partners, L.P. (MMP) Research Coverage Started at Macquarie
EQT Midstream Partners earned a media sentiment score of 0.24 on Alpha One's scale. Archer Daniels Midland Company had 22 analyst reports since July 29, 2015 according to SRatingsIntel. COPYRIGHT VIOLATION WARNING: "Magellan Midstream Partners, L.P. (MMP) Research Coverage Started at Macquarie" was reported by Transcript Daily and is owned by of Transcript Daily. [Full Article...]
American Airlines tops 1Q profit views; unveils pay boost
American Airlines' chairman and CEO Doug Parker and president Robert Isom announced the offer in a letter and press release April 26. Despite the fact the airline has an existing contract with its pilots' union, the carrier is raising their pay between seven and 8.7 percent, dependent upon seniority. [Full Article...]
Flynn Warned About Accepting Foreign Government Payments in 2014: Documents
A Defense Department spokesman confirmed the Flynn probe opened April 4. But on Thursday Elijah Cummings, the committee's vice chair, said the DIA informed the committee that there is no evidence that Flynn requested approval to take the money from RT, which the U.S. [Full Article...]
Most Active Stock: Fiat Chrysler Automobiles NV (FCAU)
Receive Fiat Chrysler Automobiles N.V. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiat Chrysler Automobiles N.V. In North America, which accounts for some 80 percent of profits, adjusted earnings were flat at 1.24 billion euros. For trailing twelve months, EPS value for the stock is $0.92. [Full Article...]
Mobile US raises outlook again after strong Q1
The gain helped the company post profit excluding some items of 48 cents a share, beating analysts' 35-cent average estimate. 02/21/2017 - T-Mobile US, Inc. was upgraded to "buy" by analysts at CFRA Research. T-Mobile has done this through offering lower prices and improving its network. (NASDAQ: TMUS ), 9 rate it "Buy", 12 "Outperform", 7 "Underperform", 1 "Sell", while 0 "Hold". [Full Article...]
Jason Chaffetz exploring private sector jobs
Jason Chaffetz's decision Wednesday not to run for re-election in 2018 is the clearest signal yet that ambitious, young politicians view time served in Washington as an impediment to seeking - and winning - higher office. No firm progress on either of those ideas has been made so far in the present Congress. Chaffetz told the station that he made his decision after his 50th birthday in March, ... [Full Article...]