• New Tamil Nadu Chief Minister gets vote of confidence
New Tamil Nadu Chief Minister gets vote of confidence

Later, former Chief Minister O. Panneerselvam and his team of supporters called on the Governor before he left for Mumbai. However, Speaker rejected secret ballot proposal but he had planned the Trust Vote to have it in six segments and divided the MLAs into six blocks with each 38 MLAs.

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  • USA energy strategy may affect oil and gas trade flows
USA energy strategy may affect oil and gas trade flows

The Organization of the Petroleum Exporting Countries and other exporters including Russian Federation have agreed to cut crude output by nearly 1.8 million barrels per day (bpd) during the first half of 2017. Non-OPEC producers had delivered on more than half of their pledged production reductions, said the minister, Essam Al-Marzouk, who chairs a...

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  • German grocery giant to make a big United States debut ahead of schedule
German grocery giant to make a big United States debut ahead of schedule

Lidl still has not publicly disclosed its initial Virginia and Maryland stores, though a company spokesman confirmed the picture it distributed to the press Wednesday is of its prototype store in Fredericksburg, Virginia. "At Lidl , we are committed to delivering outstanding quality goods to our customers at market-leading prices". Lidl and A...

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  • Aetna Merger With Humana Canceled
Aetna Merger With Humana Canceled

It didn't take long for the other shoe to drop in government challenges to major health insurance mergers, with a federal trial court smacking down the proposed $48 billion purchase of Cigna Inc.by Anthem Inc. It also filed a lawsuit in DE, asking a judge to declare legal its decision to terminate the deal and to approve $13 billion in damages fo...

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  • Fortress acquired for $3.3B by Japanese telecom giant
Fortress acquired for $3.3B by Japanese telecom giant

Japanese telecom giant SoftBank Group Corp. will buy the publicly-traded company for $8.08 per share - a 39 percent premium - the companies announced . This move comes in the wake of SoftBank's founder, Masayashi Son , announcing in October 2016, that the bank is joining hands with Saudi Arabia to raise U.S.

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  • Retail sales up 0.4% in December as vehicle sales slow
Retail sales up 0.4% in December as vehicle sales slow

Core retail sales (excluding autos) was also stronger than expected with a reported rise of 0.8% versus an expected 0.4% gain and against an increase of 0.2% in the prior month. Purchases at restaurants and bars climbed 1.4 percent. "Sales are growing at a decent clip, but the surge in consumers' confidence since the election is yet to translate ...

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  • Judge denies tribes' request to halt pipeline
Judge denies tribes' request to halt pipeline

According to the Native American tribes fighting against the multi-billion dollar project, it compromises their access to clean, fresh water. The native tribes' original lawsuit , filed in July, argued that North Dakota-to-Illinois pipeline would disrupt their cultural sites and could turn their drinking water supply toxic.

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  • IEA: Opec cut compliance helps oil market rebalance
IEA: Opec cut compliance helps oil market rebalance

Nevertheless, producers will probably have to extend the production cuts beyond six months if they want to achieve their goal of balancing the oil market. "Non-OPEC members have also started cutting output and we hope they will quickly get to the figures they have committed to reach", he said. Hence, paradoxically, a clearly anti-American geoecon...

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  • Management reassurance drove Sears Holdings Corp (NASDAQ: SHLD) stock
Management reassurance drove Sears Holdings Corp (NASDAQ: SHLD) stock

The spike followed a steep slide earlier this week when Bloomberg data showed that the cost of insuring Sears' debt against default almost doubled last month in anticipation of a possible bankruptcy this year, TheStreet reported . Fourth quarter revenue will likely have fallen 16% to $6.1 billion and losses should come in between $535 million and ...

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  • Brazil files WTO complaint against Canada after aid for Bombardier
Brazil files WTO complaint against Canada after aid for Bombardier

The Brazilian government in a statement Wednesday said it has requested consultations with Canada under the WTO dispute settlement system. "In Brazil's understanding, Canadian subsidies artificially affect the worldwide competitiveness of the sector, in a manner incompatible with Canada's obligations to the WTO", Brazil's Ministry of Foreign Affa...

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  • England Captain Alastair Cook steps down from Test captaincy after record stint
England Captain Alastair Cook steps down from Test captaincy after record stint

Joe Root, one of the best modern-day batsmen, is tipped to take over England's captaincy in Tests. "It will be a weight lifted off his shoulders, but the next time he steps on to a cricket field as an England player it will not be "Alastair Cook, captain of England ".

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  • Lockheed finalises deal for 90 F-35s, claims $728M savings
Lockheed finalises deal for 90 F-35s, claims $728M savings

Defence giant Lockheed Martin had agreed to sell 90 new F-35 fighter jets to the US Defence Department for $8.5 billion, cutting $700 million on the last batch of the aircraft to be delivered. White House Press Secretary Sean Spicer was quick off the mark and declared it "another big win that the president has delivered on for United States taxpa...

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  • U.S. economy adds 227000 jobs in January - the best figures since June
U.S. economy adds 227000 jobs in January - the best figures since June

But the unemployment rate rose one-10th of a percentage point to 4.8% and wages increased modestly, suggesting that there was still some slack in the labour market. The majority of gains occurred in retail trade, construction, and financial activities. Turning to some of the key unemployment rates. Manufacturing added 5,000 jobs, a meager increas...

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  • Entercom and CBS Corp merging radio stations
Entercom and CBS Corp merging radio stations

A new board, headed by Entercom president and CEO David Field, will comprise five Entercom representatives and four from CBS Radio. Philadelphia-based Entercom said Thursday it is merging with CBS Radio, which is based in NY. The merger supersedes CBS Corp.'s previous plan to spin off CBS Radio as an independent company. The tax-free merg...

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  • Facebook's Q4 beats across the board, monthly users up 17 percent
Facebook's Q4 beats across the board, monthly users up 17 percent

According to the company's earnings report from the fourth quarter of 2016, Facebook now boasts almost two billion active users-and plenty of profit to go along with it. Facebook's push for video goes well beyond the News Feed. "They grew 57 per cent in 2016, and our current model has "only" 38 per cent revenue growth in 2017".

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  • Wal-Mart Just Admitted Amazon Prime Can't Be Replicated
Wal-Mart Just Admitted Amazon Prime Can't Be Replicated

Customers can have orders of any price shipped to a Walmart location within two days. In this day and age, two-day shipping is really just table stakes - people shouldn't have to pay for it and certainly not a membership. That said , Amazon Prime offers something that Walmart can't. This includes products that customers shop for the most, suc...

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  • Euro Zone GDP Increases, Unemployment Drops
Euro Zone GDP Increases, Unemployment Drops

In December the total number of people out of work slipped to 9.6 percent of the workforce - the lowest level since before the eurozone-wide debt crisis almost eight years ago. Now it's at the forefront of the currency bloc's reflation, with price increases potentially exceeding 2%, and dissatisfaction with the European Central Bank has morphed int...

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  • Future of Dakota Access Pipeline uncertain due to Trump executive order
Future of Dakota Access Pipeline uncertain due to Trump executive order

Previously: Thousands of people across the country - green groups, Native American tribes, and their supporters - spent months trying to block a section that would run near the Standing Rock Sioux reservation. " President Trump is legally required to honor our treaty rights and provide a fair and reasonable pipeline process ", said Dave Archambaul...

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  • American Airlines reports $2.7 billion 2016 profit
American Airlines reports $2.7 billion 2016 profit

Earnings: American Airlines Group beat on earnings. However a year ago for the same quarter the company has reported $2 earnings per share. Revenue was $9.8 billion; FactSet consensus was $9.75 billion. The stock's next day closing price was $40.49 with the loss of -0.10% in its share price. The Company expects total revenue per availabl...

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  • Ant Financial buying MoneyGram in first big USA move
Ant Financial buying MoneyGram in first big USA move

Ant Financial, which is expected to go public in the near future, is valued at $60 billion according to a Wall Street Journal report a year ago. The two companies stressed that MoneyGram will keep its headquartered in Dallas and that it should "maintain and grow its US -based workforce".

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  • Yellen signals further rate rises as U.S. economy storms ahead
Yellen signals further rate rises as U.S. economy storms ahead

However, the greenback rebounded this morning after Fed boss Janet Yellen pointed out that rates were likely to rise "a few times a year" for the next couple of years. However, it jumped nearly one percent against the South Korean won, 0.4 percent against the Australian dollar and 1.3 percent on Canada's dollar. To promote the study of economics,...

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  • Netflix Shares Pop on Subscriber Additions and Positive Guidance
Netflix Shares Pop on Subscriber Additions and Positive Guidance

However a year ago for the same quarter the company has reported $0.1 earnings per share. Analysts polled by Thomson Reuters expect the internet television network to earn 13 cents a share, up 30% year over year, on sales of almost $2.47 billion, up 35%, in Q4.

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  • China rejects USA trade accusations
China rejects USA trade accusations

The United States has launched a formal complaint with the WTO ( World Trade Organization ) over alleged subsidies received by Chinese aluminum producers. LLC; Kaiser Aluminum; Astro Shapes, Inc.; Aerolite Extrusion Co.; and General Extrusions Inc. Heidi Brock, president of the Aluminum Association, said in a statement that her group is sti...

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  • Pharmaceutical stocks fall on Trump vow to slash Medicare drug prices
Pharmaceutical stocks fall on Trump vow to slash Medicare drug prices

His remarks, in fact, won him an unlikely ally: afterwards, Bernie Sanders said during a Senate floor speech that Trump was "exactly right". The Nasdaq Biotechnology Index fell 2.6 per cent at 11:28 a.m.in NY, and the Standard & Poor's 500 Pharmaceuticals, Biotechnology & Life Sciences Index was down 1.7 per cent.

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  • IranAir Receives First Delivery of Airbus Jet
IranAir Receives First Delivery of Airbus Jet

Both Airbus and Boeing however saw demand for new planes fall to their lowest total since 2010. But many airlines are now moving towards more fuel efficient planes. Between them, the big-two aircraft manufacturers achieved a slight rise in overall output previous year, to 1,436 aircraft, but their combined net orders declined by nearly a quarter.

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