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Denmark's Maersk To Split Into Two Companies

But some said the US$30 billion company had not gone far enough. The Danish business conglomerate, with a history of more than 100 years, said its Maersk Line will focus on transport and logistics division. Meanwhile AP Moller - Maersk's oil re...

Occidental Petroleum Corporation (NYSE:OXY) earnings reaction history

The stock dropped -1.69% the day following the earnings was released, and on 7th day price change was -3.63%. The company lost about -3.1 percent in value since last earnings when it was at $73.12. Investors can consider investing in Occidental for i...

Strike averted as tentative deal is reached between GM, Unifor

It also will include new transmission work and extended production of the V-6 engine built in the facility, according to one source familiar with the plans. "The pattern is set", he said. Unifor leaders called the new deal with GM a "framework" o...

Colonial expects U.S. gasoline line restart Wednesday after leak

A 1996 Colonial Pipeline rupture in upstate SC spilled almost 1 million gallons of diesel fuel into the Reedy River. "It's definitely set to go down", answers Johnson. Patrick DeHaan, senior fuel analyst with tracking site GasBuddy , said the res...

Samsung sued by Florida man burnt by exploding Galaxy Note 7

This is possible the first lawsuit filed against the company by a customer having been caused personal harm from the Note 7 battery fiasco. In other Note 7 news, Samsung is being sued over the faulty battery in its new flagship. The agency advise...

Apple Ordered to Pay $118 Million for Underreporting Tax in Japan

The EU ordered Apple to pay Ireland US$14.6 billion (RM60.19 billion) in back taxes, prompting US Treasury Secretary Jack Lew to express concern the EU ruling could undermine the US tax base. Engler also called for an end to all other "state aid" i...

Senator says Israel made a mistake by signing security deal

But the right-wing Netanyahu decided it would be best to forge a new arrangement with Obama, who leaves office in January, rather than hoping for better terms from the next US administration, according to officials on both sides. "We can adjust these...

Obama administration calls Netanyahu's ethnic cleansing video 'inappropriate'

Last week, after Israel approved the building of 284 new housing units in West Bank settlements, the US said the policies could expand settlements in a "potentially unlimited way". A Palestinian source close to President Mahmoud Abbas told Al-Monitor...

Stocks slip, euro rises in wake of European Central Bank decision

People stand in front of an electronic stock board of a securities firm in Tokyo , Friday, Sept. 9, 2016. In a fresh dig at politicians, Draghi said that to reap the full benefits from the ECB's monetary policy measures, "other policy areas must c...

Oil Prices Jump On Large US Crude Stock Draw

Brent futures rose 72 cents to settle at $47.98 a barrel. At 0725 Friday AEST, it was up $US1.78, or 3.56 per cent, at $US49.69 a barrel. USA crude oil imports averaged about 7.1 million barrels per day last week, a 1.8 million barrels per day decl...

Canada's job market rebounds after poor July: Statistics Canada

The Edmonton census metropolitan area shed 8,500 jobs in August compared to July, giving the region the third highest jobless rate of the country's urban areas. There was little change in the other provinces. "I've never seen so many Canadians movi...

Interest rate increases depend entirely on data, Fed´s Fischer says

That echoed what other senior Fed officials had been saying in the run-up to the Jackson Hole symposium. In an interview after the speech, Fed vice-chair Stanley Fischer reinforced Yellen's comments by stating that Yellen's speech was "consistent...

Australia marks 25 years of growth

Meanwhile, booming government spending provided a big lift in quarterly GDP, with consumption rising 1.9 per cent and investment soaring 15.5 per cent. However, he embraced the rise in public infrastructure spending. Noting the improving income num...

Darkhorse Arizona nabs top recruit DeAndre Ayton away from Kansas, Kentucky

He was recruited by associate head coach Joe Pasternack and eighth-year coach Sean Miller , who has led the Wildcats to three Elite Eight appearances but still is seeking his first Final Four. Whether the NCAA will accept Ayton's coursework from...

Dollar holds gains on Fed rate hike bets

Fed officials, including Fed Chair Janet Yellen and FRB of San Francisco President John Williams have both said that breakeven jobs growth is only around +100K per month, for what it's worth. The record gap suggests that the Fed is indeed behind the ...

BMS backs out, other unions keen on strike

Given below is a break-down of the services in your city that could be affected. Initially, the unions had demanded Rs 15,000 as minimum monthly income for daily wagers but the demand was revised after the government accepted the recommendations of...

Canada Post, postal workers reach tentative agreements

Early details of the tentative agreements , which will be put to union members for ratification in the coming weeks, show the union was also successful in staving off more closures of Canada Post outlets. The negotiations were extended twice since t...

Airline adds flights to Texas, Puerto Rico from Pittsburgh

The new year-round route will operate twice weekly and expand on the service Allegiant now operates to Punta Gorda Airport (PGD). The Las-Vegas based airline plans to add twice-weekly flights to Austin beginning on December 16 and once-weekly sea...

PotashCorp, Agrium shares halted following report on merger talks

La Ball said PotashCorp and Agrium already work closely as members of Canpotex, which markets and exports Canadian potash production overseas. USA -listed shares of Potash and Agrium rocketed up 13 and 8 percent respectively, before being h...

German economy minister says EU-US trade talks have failed

He noted that in 14 rounds of talks the two sides haven't agreed on a single common chapter out of 27 chapters being discussed. Backers of a sweeping U.S. He said leaving the European Union would not just help Britain but "might revitalise free tra...

10000th Syrian Refugee to Arrive in US Monday

The U.S. will hit its goal of taking in 10,000 refugees from Syria on Monday, a month ahead of the deadline set by President Barack Obama. "The Republican nominee for president, Donald Trump, wants to ban anyone coming from an area with terrorism...

Fitbit launches Charge 2 with bigger screen, Flex 2 with swim tracking

Fitbit is also selling bracelets that can be worn over the Flex 2 itself. You can improve your score over time by increasing exercise frequency, intensity, or by reaching a healthier weight. You'll also find connected Global Positioning System capabi...

As Trump courts Latinos, Clinton links him to radical fringe

The New York real estate magnate intends to lay out specifics of his immigration plan over the next few weeks, Trump's new campaign manager Kellyanne Conway said. One of the mothers, who did not say her name, pointed to the need to deport undocumente...

Range Rover sales, forex peg back Tata Motors' Q1 show

Consolidated revenue during the period increased by 9 per cent at Rs 67,056 crore, driven by strong sales volume growth in all regions for JLR and continued growth in the medium and heavy commercial vehicles (M&HCV) and light commercial vehicle (LCV)...

Best Buy Surges On Strong Q2 Results

The firm's 50-day moving average price is $32.88 and its 200 day moving average price is $31.86. The company's stock price increased over 20% following the announcement. Advisors Asset Management Inc. boosted its position in shares of Best Buy by 2...

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Breaking News

Iranian Ships Approach US Ships in Strait of Hormuz

A Navy official called the Iranian actions " unsafe and unprofessional ", The Washington Post reported . The prefix "USNS" means the ship belongs to the U.S. The Pentagon has pr...

Uber Greyball Program Helped Company Evade Authorities Around The World

Uber's bad year got worse this afternoon, when The New York Times reported that the company went to extraordinary lengths to circumvent investigations into its ride-hailing servi...

London pre-open: Stocks seen lower as investors eye Fed speakers

Several of Yellen's USA central bank colleagues in recentdays had also put a rise at the next rate-setting meeting onMarch 14-15 of the committee firmly in view. She cautioned tha...

Caterpillar stock tumbles on reports of federal prosecutor activity

The U.S. Attorney's Office also confirmed the searches in Peoria, East Peoria and Morton. To view the full article, register now. The company also received subpoenas requesting...

US Home Prices Continue To Soar - Will Homebuilders Benefit?

But if you want to look for the dark cloud in all of this I'll point out that Chicago is still tied with Phoenix for 4th from last place in terms of annual home price appreciation....

Palo Alto Networks Splashes £85 Million On Behavioural Analytics Firm LightCyber

Palo Alto Networks expects in the third quarter, the revenue of $406 million to $416 million and adjusted profit of 54 cents to 56 cents per share for the quarter. Palo Alto say...

Pro-Trump rally to be held Monday in Monmouth County

Indivisible Liberty is hosting an anti-Trump rally, around that time as well and they're gathering on the East Side of the Bridge of Lions. Supporters of President Donald Trump ...

Mnuchin: Trump Isn't Cutting Medicare, Social Security

The United States mainly taxes corporate income. Mnuchin said Trump was looking at a "reciprocal tax" that would help create more parity with other countries. One proposal, a bor...

"'Get Out" Blows Away Expectations with $30.5M Opening Weekend

Sticking with the horror genre at the box office , the fifth installment of the vampire vs. werewolf franchise, Underworld: Blood Wars debuted on January 6 at number 4 on the bo...

Tesla, Inc. Earnings: What to Expect From Gross Margin

You add a layer of difficulty when the electric vehicle in question is a Tesla Model S P100D with all-wheel-drive dual motor and over 700 horsepower. The company, which surprised...

Special Reports

LG K10 (2017) with SOS panic button launches at ₹13990 for India

LG K10 (2017) with SOS panic button launches at ₹13990 for India

Interestingly, the device is manufactured in company's Noida facility and comes with an 112 SOS panic button. For pictures, there is a front snapper of 5MP with 120 degrees wide an...

UPS Testing Drone Deliveries In Florida

UPS Testing Drone Deliveries In Florida

On Monday, shipping and logistics giant UPS performed its first test of a drone delivery, launching the autonomous copter from the roof of one of its shipping trucks. In between ...

Wal-Mart Tops Sales Expectations, Sending Stock Soaring

In the fourth quarter, Wal-Mart has generated $11.9 billion in operating cash flow and has returned $3.6 billion to shareholders through dividends and share repurchases. For the th...

Health Department Recommends Alabamians Get Flu Shots

For the predominant circulating influenza A type H3N2 flu strain, its effectiveness comes in at 43 percent. Effectiveness is estimated to be 73% for influenza B viruses. The deaths...

Trump Had Boeing CEO Listen In On Call About Lockheed With General

Trump first complained in December that costs are "out of control" for the F-35, alarming many in the Dallas-Fort Worth area, where thousands of jobs are dependent on the jets that...