Money

Weak rupee, TCS mood-upper lift Nifty IT index to new high

Weak rupee, TCS mood-upper lift Nifty IT index to new high This content is restricted to site members. "Strong demand in digital across all industry verticals and large transformational deal wins has made this one of best fourth quarters in recent years". In comparison, TCS' revenues and net profit grew at a compounded annual growth rate of 13 per cent and 11 per cent, respectively, during three year ending March 2017. [Full Article...]

FAA orders tests on airplane engines after April 17 fatal explosion

FAA orders tests on airplane engines after April 17 fatal explosion The death marked first passenger fatality for the Dallas-based airline in its 47-year history. A Southwest Airlines plane flying from NY to Dallas had to make an emergency landing Tuesday morning in Philadelphia after one of its engines was damaged, according to the Federal Aviation Administration. [Full Article...]

Younkers, Herberger's going-out-of-business sales begin Friday

Younkers, Herberger's going-out-of-business sales begin Friday If the stores close, it would impact almost 300 local workers. A spokesperson for Bon-Ton Stores said the liquidation sales are expected to run for about 10 to 12 weeks. Two liquidation firms are the victors of an auction for the bankrupt company's assets after the retailer failed to find a bidder willing to continue operating the business. [Full Article...]

South Range school board approves sale of complex

South Range school board approves sale of complex The increase will be in effect for next year's budget and will impact auxiliary, paraprofessional, professional and administrative employees. Rogers noted that LISD tax rates have actually gone down over the past few years, but the total property tax revenue has gone up with property values. [Full Article...]

Plastic-eating enzyme could help fight pollution, scientists say

Plastic-eating enzyme could help fight pollution, scientists say Researchers of the United States and Britain have accidentally engineered an enzyme that can digest plastics. Another is the recently discovered enzyme that consumes PET plastics called PETase , which scientists at the University of Portsmouth and the US Department of Energy's National Renewable Energy Laboratory (NREL ) used as a starting point for their groundbreaking research. [Full Article...]

In Latest Trade Salvo, China Imposes 179 Percent Tariff On US Sorghum

In Latest Trade Salvo, China Imposes 179 Percent Tariff On US Sorghum China is the largest buyer of US sorghum - grown mostly in the rural American South, a region that voted heavily for Trump in the 2016 election. The Commerce Ministry made a decision to launch anti-dumping and anti-subsidy probes into US' sorghum in early February. [Full Article...]

Facebook confirms it can track you even if you delete your account

Facebook confirms it can track you even if you delete your account If Facebook did, it could be fined $40,000 per infraction. In his post , Baser explained in detail how Facebook gathers information about you - it's basically a reminder of why nobody should be shocked when something you might have been looking up elsewhere then shows up as an ad on Facebook . [Full Article...]

JP Morgan Chase reveals first-quarter profit jumped to $8.7bn

JP Morgan Chase reveals first-quarter profit jumped to $8.7bn JPM outperformed the S&P500 by 12.44%. Cue Financial Group Inc increased its stake in Medley Cap Corp (MCC) by 77.12% based on its latest 2017Q4 regulatory filing with the SEC. BACON ASHLEY sold $1.84 million worth of JPMorgan Chase & Co. JPM had 9 insider sales and 1 buying transaction since October 25, 2017. There were some concerns about JPMorgan's credit quality, however. [Full Article...]

Iran drone intercepted in Feb was Strike Assignment

The advanced Iranian UAV was identified and monitored by Israeli defense systems until it was intercepted and "did not pose a danger" while it was inside Israeli territory, the army statement added. Israel considers Iran an existential threat because of its nuclear and missile programs, its support of violent anti-Israel groups in the region and frequent calls for the destruction of the Jewish s... [Full Article...]

VW replaces CEO Matthias Mueller amid group restructure

VW replaces CEO Matthias Mueller amid group restructure The surprise leadership switch is due to be finalized at a supervisory board meeting on Friday, the people said. Mr Diess, a former BMW executive who joined VW in July 2015, has clashed with the company's labour leaders. "Diess is ready to weather conflict, which is important to make things happen in a company like Volkswagen", said Ferdinand Dudenhoeffer, director of the University of Duisbur... [Full Article...]

CWG 2018: Mary Kom wins gold in women's 45-48 kg category

CWG 2018: Mary Kom wins gold in women's 45-48 kg category Mary Kom punched Northern Ireland's Kristina O'Hara in a common decision from all the five judges in the final of 45-48kg weight category in CWG 2018. However, Prior grinned her way through the game and blinked back the tears on the podium, the enormity of the moment finally sinking in. "It's Sunday tomorrow so everybody will be glued to the TV". [Full Article...]

Imperial Capital Reaffirms "In-Line" Rating for Delta Air Lines, Inc. (DAL)

Imperial Capital Reaffirms Stephens set a $67.00 price target on Delta Air Lines and gave the company a "buy" rating in a report on Monday, December 18th. For a total of 1.07 million shares it increased its holding in L Brands Inc (LTD) by 215,226 shares in the quarter, and has risen its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT). [Full Article...]

Markets Right Now: Stocks close mostly lower on Wall Street

Markets Right Now: Stocks close mostly lower on Wall Street The UK's FTSE index was trading lower by 0.12 percent, while French CAC 40 Index rose 0.37 percent. Analysts expect quarterly profits for S&P 500 companies to rise 18.5 percent from a year ago, which would be the biggest gain in seven years, according to Thomson Reuters I/B/E/S. [Full Article...]

Russia's Rusal plunges on United States sanctions

Russia's Rusal plunges on United States sanctions Companies owned by Russian billionaire Oleg Deripaska warned that United States sanctions against his Russian aluminium and energy empire would have a "materially adverse impact" on future business prospects and could result in technical credit defaults. [Full Article...]

Volkswagen says it's looking at changing CEO in reshuffle

Volkswagen says it's looking at changing CEO in reshuffle The statement added: "It is now open whether the considerations and discussions will lead to a further development of the management structure or to personnel changes". "If Diess is confirmed as the successor, VW shares will extend their gains", Evercore ISI analyst Arndt Ellinghorst said, who has an "outperform" rating on the stock. [Full Article...]

Vigil planned tonight at home arena of Humboldt Broncos

Vigil planned tonight at home arena of Humboldt Broncos Golden West Radio said in a statement that he was being mentored by Tyler Bieber, the team's play-by-play announcer who was also killed in the Friday crash at a highway intersection in east-central Saskatchewan. "One of the best hockey players and an even greater guy off the ice", Tyson Chizma wrote on Twitter . "Now I don't know what goes on now". In Humboldt, the team's home rink became a s... [Full Article...]

YouTube Shooter Gun Seller: 'I Wish We Could Look Into Someone's Soul'

YouTube Shooter Gun Seller: 'I Wish We Could Look Into Someone's Soul' Police confirmed Tuesday that a woman believed to be a shooter opened fire at YouTube headquarters in San Bruno, California , wounding at least four people before apparently killing herself. "It's not like she stood out", he told Mercury News . "I Googled 'Mountain View, ' and it was close to YouTube headquarters". Officers ran her license plate and discovered she had been reported missing... [Full Article...]

Ken Starr: Mueller Appears to Be Investigating 'Russian Invasion' Not Trump 'Collusion'

Ken Starr: Mueller Appears to Be Investigating 'Russian Invasion' Not Trump 'Collusion' The US authorities have also put on the sanction list a number of Russian officials, including Security Council Secretary Nikolai Patrushev, Interior Minister Vladimir Kolokoltsev, chairman of the Federation Council's worldwide affairs committee Konstantin Kosachyov, and head of the federal communications watchdog Roskomnadzor, Aleksander Zharov, as follows from a news release by the US Depa... [Full Article...]

Prince Charles lands in Australia for Commonwealth Games

Prince Charles lands in Australia for Commonwealth Games Several media outlets leapt on images of the Duchess of Cornwall leafing through a programme during Wednesday's proceedings as evidence that she would rather have been elsewhere. Later that day, Prince Charles and Camilla attended the opening ceremony of the Commonwealth Games. The tour comes as Australia is debating having a local head-of-state after the death of Queen Elizabeth. [Full Article...]

Markets Now: Stocks Gain Steam on Trade War Relief

Markets Now: Stocks Gain Steam on Trade War Relief The Dow again traded in a broad range, rising as much as 358 points in morning trading before giving up most of those gains. It fell modestly for the week. Among technology companies, Apple gave up $4.42, or 2.6 percent, to $168.378 and PayPal shed $3.09, or 4 percent, to $73.86. It fell 0.7 percent for the week. [Full Article...]


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