• 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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  • Gildan wins race to acquire American Apparel
Gildan wins race to acquire American Apparel

Canada-based manufacturer Gildan expects the transaction-which is subject to bankruptcy court approval Thursday-to be completed by early February. Bell said Gildan hasn't decided where American Apparel-branded goods will be made from now on, but it chose not to exercise the right to assume leases on two factories and a distribution center in Lo...

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  • Grigor Dimitrov claims first ATP title in two and half years
Grigor Dimitrov claims first ATP title in two and half years

The Bulgarian seventh seed, runner-up in 2013, battled through a first-set tie-break before breaking serve twice in the second set. Bulgaria's Grigor Dimitrov has won the Brisbane International title, beating Japanese star, Kei Nishikori in three sets, 6-2 2-6 6-3, and snapping a 30 month title drought.

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  • Sturgeon offers Shelved Independence Referendum in Return for Soft Brexit
Sturgeon offers Shelved Independence Referendum in Return for Soft Brexit

However, in an interview for the Andrew Marr programme, she warned the United Kingdom government and Ms May that "they will be making a big mistake if they think I am in any way bluffing" on the prospect of another Scottish independence referendum.

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  • Stocks set to extend yesterday's rally ahead of Fed meeting minutes
Stocks set to extend yesterday's rally ahead of Fed meeting minutes

However committee members' median projection for the fed funds rate was raised slightly to include three rate hikes (one more than before) in 2017 and three more rate hikes in 2018. The minutes showed how broadly views within the Fed are shifting in response to U.S. President-elect Donald Trump's promises of tax cuts, infrastructure spending and de...

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  • Customs at airports across country experience computer outage
Customs at airports across country experience computer outage

Officials from the CBP confirmed to CBS News that the outage was nationwide, after many passengers took to Twitter , expressing their frustration at being stranded and sharing photos of huge lines. CBP officers continued processing worldwide travelers using " alternative procedures " until the system came back online but waits were longer than...

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  • The World's Largest Legal Ivory Market Is Shutting Down
The World's Largest Legal Ivory Market Is Shutting Down

Carter Roberts, the president and CEO of WWF, said: "The large-scale trade of ivory now faces its twilight years, and the future is brighter for wild elephants". There was also a sense that China's key role in the illicit ivory trade - estimated to be worth around $10 billion a year and run by global criminal networks and African rebel groups - w...

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  • Wall Street closes lower, doubts on Dow Jones hitting 20000
Wall Street closes lower, doubts on Dow Jones hitting 20000

The S&P 500 is on track to close with a gain of 10.1% for the year, which would mark the sixth double-digit percentage gain in the last decade. Around noon Wednesday, the Dow Jones Industrial Average (DJI) dropped almost 43 points, or 0.22 percent, the S&P 500 ( GSPC ) fell 5 points, or just over 0.22 percent, and the Nasdaq Composite Index...

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  • How to put all those empty Amazon boxes to good use
How to put all those empty Amazon boxes to good use

The postal service then delivers the donation to your nearest Goodwill location. It's the season of giving, and even though the biggest gift opening day of the year is now in our rear view mirror, Amazon wants to help you give a little more.

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  • Cable Network Cancels KKK Docuseries After Learning Participants Were Paid
Cable Network Cancels KKK Docuseries After Learning Participants Were Paid

In a statement released on Christmas Eve, an A&E spokesman said the network learned that the show's producers - from a third-party production company - made cash payments to "facilitate access" to participants, which violates A&E policy.

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