Puerto Rico files for bankruptcy

Puerto Rico has filed for bankruptcy and sought relief under a law enacted to help the USA commonwealth restructure its massive debt load, a media report said. Puerto Rico has been able to sell huge amounts of debt due to its tax-free status in the... More..

by | Published more than a month ago
by | Monday, May 08, 2017

AAP has lost its anti-corruption plank: Delhi Cong

If these allegations turn out to be true, then the dream of Aam Aadmi - and the concept of a different party - will be shattered and it would become more hard for the party to survive! Whether he is being fra...More..

by | Monday, May 08, 2017

Ascena Retail Group, Inc.'s (ASNA)

Swiss National Bank & Trust holds 0% or 248,688 shares. Relative strength index (RSI-14) for Ascena Retail Group Inc. The stock rose 3.15% or $0.12 reaching $3.77. Therefore 100% are positive. The 1-year Hi...More..

by | Monday, May 08, 2017

Oil prices at five-month lows following Russian indecision

US crude ended the session 4.81 percent lower at $45.52 per barrel after falling as much as 5.29 percent to an intraday bottom of $45.29, the lowest since November 29. "The risk of a higher cut is that it could...More..

by | Monday, May 08, 2017

North Korea arrests fourth United States citizen for 'hostile acts'

Less than a month after a Korean-American professor was taken into custody, North Korea again detained a US citizen on Sunday, according to reports from a state-run news agency. Much of the costs of the Uni...More..

by | Monday, May 08, 2017

Democrats see a winning issue in opposing GOP health bill

Obama made the remark Sunday night in Boston while accepting the John F. Kennedy Profile in Courage Award. He said repealing Obamacare is "critically important for Kentucky" citing few insurance carriers and ...More..

Quarter economic growth slowest in three years
by | Monday, May 08, 2017

Quarter economic growth slowest in three years

The U.S. economy has seen its slowest pace in last three years due to low consumer spending in the first quarter. This was below the 1.3% estimate and the roughly 2% average growth rate during the almost eight-...More..

by | Monday, May 08, 2017

Buffett says AHCA is tax cut for the rich

Buffett revealed on Saturday that Berkshire and 3G, which together own 51 percent of Kraft Heinz, had each been prepared to devote $15 billion of cash to the transaction. Buffett also explained that, in his vie...More..

by | Monday, May 08, 2017

GDP Increases 0.7% in First Quarter of 2017, Below Expectations

That followed the fourth quarter's robust 3.5 percent growth rate. "Consumption growth will rebound in the second quarter", says Paul Ashworth, chief United States economist at Capital Economics , a resear...More..

by | Monday, May 08, 2017

Buffett expresses sympathy, but Berkshire political spending proposal fails

Buffett said rising health care costs are crippling the competitiveness of US companies overseas. "It is no cinch that the industry will have some more pricing sensibility in the next 10 years than they had ...More..

Turnbull says meeting with Trump was like 'family'
by | Monday, May 08, 2017

Turnbull says meeting with Trump was like 'family'

Trump: Australia has better health care than U.S. Contrastingly, the AHCA would remove insurance coverage from approximately 24 million Americans, and would make it harder for people with pre-existing condi...More..

Why Have Michelle Obama's Healthy School Meals Been Junked?
by | Monday, May 08, 2017

Why Have Michelle Obama's Healthy School Meals Been Junked?

The rules, championed by former first lady Michelle Obama , require schools to cut back on salt and fat and to serve more whole grains, fresh fruits, and vegetables. Lon Abrams, director of food services at St...More..

by | Monday, May 08, 2017

(VLO) Plans Quarterly Dividend of $0.70

Other institutional investors have also recently modified their holdings of the company. On Friday, March 24 the stock rating was maintained by Scotia Capital with "Buy". Valero Energy has increased its dividen...More..

Buffett pans Wells Fargo's 'huge error,' admits missing on Google
by | Monday, May 08, 2017

Buffett pans Wells Fargo's 'huge error,' admits missing on Google

Buffett placed blame on Wells Fargo's incentive system, which paid, graded and promoted workers based on the number of services they sold to customers. It's hard to say exactly how much Berkshire Hathaway would...More..

by | Monday, May 08, 2017

China's narrow-body C919 jet makes maiden flight from Shanghai

The maiden flight brought congratulations from Boeing and Airbus which said it welcomes competition. Comac will seek certification from China's civil aviation authority and foreign regulators, making two plan...More..

GST will make domestic companies more competitive: Adhia
by | Monday, May 08, 2017

GST will make domestic companies more competitive: Adhia

In his address at the last day of India Integrated Transport and Logistics Summit here, Adhia said the Goods and Services Tax (GST) - which would take effect from July 1 - would also create a common national ma...More..

by | Monday, May 08, 2017

Tillerson tells Kim Jong-un the U.S. doesn't want regime change

Tillerson's first meeting with all members of the 10-nation Association of Southeast Asian Nations will also address China's pursuit of territory in the South China Sea. The administration has been working to...More..

by | Monday, May 08, 2017

Emmanuel Macron wins French presidential election in landslide

Polling companies release victor projections immediately afterward. The election of a French president who championed European unity could strengthen the EU's hand in its complex divorce proceedings with Bri...More..

United CEO apologizes before Congress as lawmakers threaten rules changes
by | Monday, May 08, 2017

United CEO apologizes before Congress as lawmakers threaten rules changes

DeFazio (Ore.), the ranking Democrat on the committee: "Very few passengers have any idea what their rights are", he said , noting that 40,000 ticketed passengers were bumped from their flights previous year. ...More..

France begins voting in second round of presidential election
by | Monday, May 08, 2017

France begins voting in second round of presidential election

The commission says Saturday the data leaked apparently came from Macron's "information systems and mail accounts from some of his campaign managers". Polls close at 8 p.m. local time (5 p.m. GMT/2 p.m. E...More..

Canada Trade Dispute Is About Votes Not Money
by | Monday, May 08, 2017

Canada Trade Dispute Is About Votes Not Money

Department of Commerce's decision to impose an unfair and punitive duty". The step escalates an economic battle among neighboring countries that normally have one of the friendliest global relationships in the ...More..

French election: voters decide between Macron and Le Pen
by | Monday, May 08, 2017

French election: voters decide between Macron and Le Pen

She wore a red, white and blue outfit and a scarf with illustrations of the French and American flags. The result wasn't even close: Pollsters projected that Macron won 65 percent of the votes. Emmanuel Macro...More..

by | Sunday, May 07, 2017

First Quarter GDP Weak

The expected sluggish first-quarter growth pace, however, is not a true picture of the economy's health. Trump has taken credit for increased consumer confidence, growing employment and record gains on the st...More..

USA sanctions over 270 Syrians after chemical attack
by | Sunday, May 07, 2017

USA sanctions over 270 Syrians after chemical attack

The report said that the chemical found there matches the biological fingerprint of the Assad government's sarin manufacturing process. Mr Assad has repeatedly denied that his forces used chemical weapons and...More..

by | Sunday, May 07, 2017

Red Cross tweets image of freed Chibok girls

The local authorities have not disclosed the identities of the latest batch of girls released, but they are believed to be among the 276 girls, aged 16 to 18, kidnapped by the militants from Government Girls Se...More..

by | Sunday, May 07, 2017

Barclays Capital Indicated AK Steel Holding Corporation (NYSE:AKS) As 'Equal Weight'

Clarivest Asset Management Ltd Liability Corp owns 39,373 shares. The number of shares AK Steel Holding Corporation now has in issue is 314,785,000, which have a value of 5.83 per share calculating AK Steel H...More..

by | Sunday, May 07, 2017

China's First Civilian Airliner - And Industry Ambitions - Take Maiden Flight

State broadcaster CCTV sent out live footage from the plane, which had no passenger seats installed for the maiden flight. "China wanted to build a homegrown airliner so it would no longer relinquish its lucr...More..

by | Sunday, May 07, 2017

Berkshire Hathaway shareholder events continue Sunday

Information for this article was contributed by Noah Buhayar, Laura J. Keller, Jordyn Holman and Katherine Chiglinsky of Bloomberg News; and by Josh Funk of The Associated Press. Buffett also addressed question...More..

by | Sunday, May 07, 2017

Insurance income woes for Warren Buffett & Berkshire Hathaway Inc

A massive box of peanut brittle, made by longtime Berkshire holding See's sweets, sat between them. "It's bad enough having a bad system, but they didn't act", Buffett said. Responding to a question on what the...More..

by | Sunday, May 07, 2017

Warren Buffett sells a third of stake in IBM

Buffett also said that Wells Fargo's leaders may have been bamboozled by the billions of dollars in fines incurred by Wall Street since the financial crisis, so that the relatively smaller fine that was initi...More..

by | Sunday, May 07, 2017

Trump to visit Israel, Saudi Arabia and Vatican

Dates were not specified, but it has been reported that the trip will take place during the week of May 21, with the Israel stop the following day. In recent months there had been speculation about a possib...More..

by | Sunday, May 07, 2017

BUSINESS REPORT: A tale of two employment pictures

Breaking down the results by ethnicity, the BLS says the unemployment rate for black workers has dipped below 8 percent, after standing at almost 9 percent one year ago. Demographic changes such as the retire...More..

Celebrating Free Comic Book Day in Luzerne County
by | Sunday, May 07, 2017

Celebrating Free Comic Book Day in Luzerne County

Bankston said the day is even a great way to promote reading for kids. All three stores will also be present when Staten Island's comic book community unites for the first annual New Dorp Comic Fest held on M...More..

by | Sunday, May 07, 2017

Warren Buffett To Shareholders: 'We Messed Up By Not Investing In Amazon'

In response to a question about the impact of driverless cars, trucks and trains, Buffett said they'd not only be a threat to trucking and railroad businesses, but the insurance industry too. He disclosed this ...More..

ADB hoping US will keep support for regional lender, growth
by | Sunday, May 07, 2017

ADB hoping US will keep support for regional lender, growth

Jaitley also asked the bank to focus more on social infrastructure like health and education besides climate resilient agriculture, better farm production technologies, improved value chain management and creat...More..

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