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Finance

Global arms trade rises to post-Cold War high

In the Middle East, arms imports jumped by 86 percent between 2012 and 2016, accounting for 29 percent of global weapons purchases. A Swedish think tank says that the global arms trade has steadily increased in volume the past five years, propelled by an nearly doubling of arms imports in the Middle East and strong growth in demand in Asia.

Finance

GST Council approves draft Compensation Bill; to next meet in March

GST Council to next meet on March 4-5. In the next meeting, Jaitely said, "The GST council to approve laws like Central Goods and Service Tax (C-GST), Integrated Goods and Service Tax (I-GST) and State Goods and Service Tax (S-GST)." "In Budget Session's second half (that begins on March 9), all enabling laws under GST constitutional amendment should get approved", he added.

Finance

Sensex hits 5-month high, Nifty reclaims 8800 mark

While, their replacement of India bull-housing finance and Indian Oil Corporation gained 2.70 per cent and 2.20 per cent respectively. The gauge finally settled 183.75 points or 0.65 per cent lower at 28,155.56, its lowest closing since February 1 when it had ended at 28,141.64.

Finance

Yellen: Fed interest rate hike may be 'appropriate'

Prices increased by 1.6 percent during 2016, a full percentage point more than in the previous year, although that is still below the Fed's preferred 2 percent annual pace. Small business borrowing was up almost 4 per cent over the previous year and a survey of small businesses revealed that only 4 per cent of firms said they couldn't obtain all the credit they desired, she added.

Finance

1 in 5 Pennsylvania bridges are 'structurally deficient,' report says

I was also delighted to learn that one of the structurally deficient bridges includes the Brooklyn Bridge, which has 134,174 daily crossings. At that pace, it would take more than two decades to replace or fix all of them, according to American Road & Transportation Builders Association (ARTBA) Chief Economist Dr.

Finance

Major health insurance company CEO says Obamacare is in a 'death spiral'

Eliminating the individual mandate would not be successful unless insurance companies can offer mandate-free or mandate-light plans at low cost, and offer consumers tax-free health savings accounts and high-deductible plans at low prices. "If you remember when the Affordable Care Act passed , at the earliest part of President Obama's presidency, it didn't start until 2014". "I don't think I would be able to afford [health insurance]".

Finance

Restaurant Brands International Inc

The stock presently has an average rating of Hold and a consensus price target of $50.25. If you are accessing this piece on another website, it was stolen and reposted in violation of US and global copyright and trademark laws. Looking just at the fourth quarter, Restaurant Brands realized an increase in net income by 67.7%. Tower Research Capital LLC TRC now owns 6,169 shares of the company's stock worth $275,000 after buying an additional 2,414 shares during the last quarter.

Finance

Eight-year sentence for U.S. voter fraud convict

A Tarrant County (Fort Worth) jury convicted 37-year-old Rosa Maria Ortega on two felony counts, and the punishment is eight years in the slammer and a $5,000 fine. On her voter application, Ortega was faced with only two options - to mark herself as a "citizen" or a "noncitizen" - and didn't know better, he added.

Finance

China's January exports jump 7.9%, boon for Asia amid Trump concerns

Last year, Chinese imports decreased by 5.5 percent, while exports went down 7.7 percent. China's exports to Russian Federation grew 29.5 percent, reaching $3.41 billion, while imports from Russian Federation increased by 39.3 percent - up to $3.14 billion.

Finance

Heaviest woman lifted by crane, lands Mumbai for treatment

Now she weighs 500 kg and can't even leave her bed. She has also already suffered a stroke that left her right arm and leg paralyzed, she does not speak coherently and is at high risk of pulmonary embolism, as reported by The Times of India .

Finance

Sears says to cut $1 billion in costs, shares surge 40 percent

Under the latest plan, the company said it would consolidate Sears and Kmart's corporate and support functions and improve product assortment at its stores.Some measures outlined on Friday, such as inventory management, monetizing real estate assets and using data generated from its Shop Your Way membership program to understand customer preferences, have been part of previous cost-cutting exercises.

Finance

IEA OMR: The First Cut is the Deepest

Oil futures climbed Friday after the International Energy Agency reported a record compliance rate on the OPEC output deal, as 90% of the crude that the cartel agreed to cut was removed from the market. Oil supply is expected to grow year-on-year in the first half of 2017 in large non-OPEC producers such as Canada, Brazil and Kazakhstan, BNP Paribas said in a research note this week.

Finance

Why Cliffs Natural Resources, Pilgrim's Pride, and World Wrestling Entertainment Jumped Today

The firm's revenue for the quarter was up 58.4% compared to the same quarter past year. A total of 91.81M shares exchanged hands, whereas the company's average trading volume stands at 12.61M shares. The stock is now moving above its 20-Day Simple Moving Average of -0.83% with the 50-Day Simple Moving Average of -0.83 percent. The home construction supplier posted revenue of $550 million in the period.For the year, the company declared net income of $149.8 million, or $1.03 per share, swinging ...

Finance

Fed governor Daniel Tarullo, who oversaw bank supervision, to resign

Tarullo was tapped to fill an unexpired term ending January 31, 2022. In a two-sentence resignation letter Friday to Trump, Tarullo said that it has been "a great privilege" to work with former Fed Chairman Ben Bernanke and Chair Yellen during such a "challenging period for the nation's economy and financial system".

Finance

Groundwork Mortgage reports mortgage rates are still low

At Wells Fargo, the 7/1 ARM is on the books at a rate of 3.750% and it holds an April variable of 3.918%. (All 80% LTV loan reports include the origination fee.) For mortgages of this type with jumbo loan balances (over $424,000) the average contract interest rate decreased to 4.27% from 4.32%, and points for 80% LTV loans decreased to 0.31 from 0.34.

Finance

Alastair Cook reveals one regret as England captain

English top scorer: In May 2015, during the first Test of the series against New Zealand, Alastair Cook surpassed Graham Gooch's 8,900 run mark to become England's top scorer. He will likely end up close to, or even surpass, Sachin Tendulkar's Test record of 15,921 runs and without the added burden of captaincy, one that has looked to be weighing heavily on his game in the past year, it is to be hoped he can recapture his best form.

Finance

Profits fall at Ryanair as European fares tumble

Ryanair's average fares dropped 17 per cent in the reporting period, offset by a 16-per cent rise in passenger traffic. But it stood by its previous guidance that annual post-tax profit would be in a range from €1.3bn to €1.35bn, although it said that guidance depended heavily on the absence of "security events" affecting bookings in its final two months of the year.

Finance

UK January PMI Services PMI Index Slows To 54.5, Inflation Pressures Continue

There was also some evidence that increased costs were discouraging companies from increasing staffing levels. "Can the United Kingdom economy keep pace as inflation erodes the spending power of the consumer?" Economists expect the index to be at 55.8 in January, compared to 56.2 in the previous month.

Finance

What Could Hudson's Bay see in Macy's — Business Report

Shares of Macy's rose as much as 12 percent Friday, its biggest intraday gain since August 11, according to Bloomberg. Hudson's Bay would face some challenges in absorbing Macy's . No one can agree on what Hudson's Bay Co.'s extensive collection of department stores is worth, and that sets up an intriguing opportunity for investors who thrive on uncertainty.

Finance

Uber hits the brakes in Taiwan

The United States firm has racked up fines since it entered the Taiwan market in 2013 for running a business without the proper registration to operate as a taxi service. It entered the Taiwan market in 2013, and its growing popularity has triggered anger among domestic taxi drivers, who staged a massive protest against Uber past year.

Finance

Miss France Iris Mittenaere is Crowned Miss Universe 2017 victor

In Europe we have open borders. Miss Kenya, another finalist, said Donald Trump's presidency "may not have been the choice of many people" and divided the United States. Most people were probably watching to see if Harvey would screw up again . She also spoke out in support of former US President Barack Obama and said she backed Hillary Clinton to be America's first woman president.

Finance

Richard Sherman interception highlights Seahawks' efforts in 2017 Pro Bowl

The teams combined for fewer than 100-yards rushing. After playing the first scoreless quarter in a Pro Bowl in 10 years, the teams finally cracked the scoring seal in the second quarter. Kelce tallied 36 receiving yards and a touchdown as well as a first-down conversion on a fake field goal. Talib went nearly the entire length of the field until Cousins exacted revenge, stripping the DB.

Finance

Body cam footage shows Washington officer rescuing woman from burning auto

The officer had to break the window out and, with the help of a neighbor, assist the woman through it in order to get her out of the burning vehicle. She had a late night hankering for some ice cream. I was coming out", Novak said . "It was like a baby going through the birth canal". The flames were so intense and close to him. "I'm just grateful and blessed.

Finance

Bernie Ecclestone removed as CEO of Formula 1

My position has been taken by Chase Carey. The sport's veteran boss has been offered a less hands-on role - with a title such as life president - but Liberty Media is determined to demonstrate that it is taking F1 into a new era by pursuing a radical overhaul of its commercial operation.

Finance

Vegemite returns to Australia!

Mondelez International has sold a clutch of its Australian and New Zealand grocery brands, including the iconic spread business Vegemite, to Bega cheese for AUD460m (US$346m). Bega said on Thursday it would acquire Vegemite, ZoOSh mayonnaise and Bonox under the deal to buy most of Mondelez International's Australia and New Zealand grocery and cheese business.

Finance

Yellen Sees "A Few" Rate Hikes Per Year Until 2019

In her speech, though, Yellen said while rates are expected to move higher in the coming years, inflation is still running below the Fed's objective, and by some measures, there's room left for improvement in the labor market. "Right now our foot is still pressing on the gas pedal". Bond were lower ahead of Yellen's speech, with the two-year yield - sensitive to interest-rate expectations - up three basis points to 1.189% at 2:43 p.m.

Finance

15 states involved in milk lawsuit refund

California residents who have purchased milk at any time since 2003 are eligible to receive cash as part of a $52 million class-action settlement with major U.S. As part of the program, cooperatives bought out entire herds of cattle and sent them for early slaughter, which reduced the supply of raw milk in order illegally to drive up prices.

Finance

Morgan Stanley (NYSE:MS) & Himax Technologies, Inc

Teachers Advisors Inc. boosted its position in shares of Morgan Stanley by 0.7% in the second quarter. Stock monthly performance is recorded as 0.39% while its performance in last 5 sessions is -1.51%. The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. The analysts' present consensus range is $0.71-$1.08 for EPS.

Finance

Eight billionaires 'own same as half the world'

According to the report , released just hours before world and business leaders meet at 2017's World Economic Forum in Davos, Switzerland, the gap between rich and poor is far wider than had been previously detailed. The report also added that the incomes of the richest 1% - who own more wealth than the rest of the population since 2015 - grew by $11,800 between 1988 and 2011 while the incomes of the poorest 10% increased by just $65 in that period.

Finance

Trump's Nazi Germany tweet puzzles German FM

CNN , which first reported the unsubstantiated allegations Tuesday, did not give details of the compromising information. The firm was paid for its work first by Mr. "I think the American people have a right to know this", Wyden said. She continued to spread fake news when she later claimed in an interview with Anderson Cooper that Trump never was briefed on the dossier.

Finance

Killer whale at center of 'Blackfish' dies

SeaWorld, which owns several entertainment parks in the United States, said the approximately 36-year-old killer whale had spent years with the company. Daniel Dukes, 27, hid in the park after closing and evaded security before climbing naked into the killer whale tank. He said Tilikum suffered deep psychological stress after being captured in Iceland in 1983 at about age two, when he was brought to Sealand of the Pacific in Oak Bay, B.C.

Finance

Japan Defence Minister visits Yasukuni war shrine

Abe's visit to Pearl Harbor earlier this week came seven months after President Barack Obama became the first sitting US leader to visit Hiroshima, the site of the atomic bomb attack on August 7, 1945 that effectively ended World War II. "China is firmly opposed" to the visit. In 1995, the 50th anniversary of the end of World War II, Prime Minister Tomiichi Murayama visited the Museum of the War of Chinese People's Resistance Against Japanese Aggression near the Marco Polo Bridge, where ...

Finance

Arrested After Snapchat-Planned Flash Mob Breaks Out At Philly Mall

According to the Philadelphia Inquirer the police and mall security were prepared - this was the second night in a row that teens swarmed the mall for a fight - and only 30 to 40 juveniles made it inside the shopping center . What's worse, say police, the teens have vowed to continue to return to the mall to cause more mayhem for the remainder of the week. But within an hour, most of the juveniles had left.

Finance

Volkswagen and Audi reach deal to compensate customers affected by emissions scandal

Tuesday's agreement came after Breyer offered parties four extensions in December to reach a deal, including two on Dec. 16 during, what he called, "intense discussions". The Canadian settlement doesn't include vehicles with 3.0-litre diesel engines, the Competition Bureau warned. Breyer had set Monday as a deadline for US regulators and lawyers for auto owners to provide an update on diesel vehicles that weren't covered under the earlier settlement.

Finance

Volkswagen costs for emissions scandal set to rise by another $1 billion

A federal judge is extending by one day a Monday deadline that called for Volkswagen to reach an agreement with federal regulators to fix or buy back about 80,000 3-liter diesel vehicles that were rigged to cheat US emission standards to give negotiators more time to work out a deal.

Finance

NY hedge fund founder, 6 others arrested in federal fraud case

The Wall Street Journal is reporting this morning that top executives at Platinum Partners have been arrested and will face charges in a $1 billion securities fraud case . attorney Robert Capers said. The executives allegedly inflated the value of Platinum's companies to investors "despite clear evidence that the companies were unprofitable and in debt", the indictment said.

Finance

US state AGs sue six cos, including Mylan, Teva, over drug pricing

The Israeli pharmaceutical giant Teva is fielding a number of legal troubles in recent weeks, including a class action suit by US investors as a result of a US Department of Justice probe into alleged price-fixing alongside a number of other companies in the field, and an internal investigation into bribery allegations in Romania.

Finance

Gambia In Fear After Jammeh Officially Challenges Election Result

The United Nations Special Representative for West Africa said on Wednesday that Gambia's President Yahya Jammeh would be "strongly sanctioned" if he sought to remain in power after his mandate ends next month. The election should be annulled, the ruling Alliance for Patriotic Reorientation and Construction (APRC) said in a document handed to the registrar of the Supreme Court.

Finance

Mail carrier rushes to save Christmas packages from truck fire

The fire began in the truck's engine and quickly spread to the rest of the vehicle. Some of the parcels were wet but they weren't burned. Canada Post says you can send holiday cards as late as December 21st for local delivery, and December 19th for outside the province.

Finance

Italy's UniCredit to slash 14000 jobs, shed $18.8 billion bad loans

They come at a turbulent time for Italian banks and the economy - with Monte dei Paschi di Siena (MI:) at risk of failure, a new government just installed in Rome and early elections expected next year. However, the UK's banks are only marginally exposed to Italy. The bank added it planned to slash other costs by 600 million euros, resulting in an annual saving of 1.7 billion euros.