Economy


AT&T misses on Q1 revenues, cites low wireless equipment sales AT&T misses on Q1 revenues, cites low wireless equipment sales
- April 26, 2017

Operating expenses fell to $32.5 billion from $33.4 billion; operating income was $6.9 billion versus $7.1 billion; and operating income margin was 17.4 percent versus 17.6 percent. The results underscore the company's strategy to realign the business to drive growth around media through the $85.4 billion purchase of Time Warner Inc. (more...)
Lanka workers strike against proposed oil deal with India Lanka workers strike against proposed oil deal with India
- April 26, 2017

A strike leader at state-run Ceylon Petroleum Corporation said they will return to work after Prime Minister Ranil Wickremesinghe promised that no agreement over a tank farm will be signed with India in an upcoming visit. The trade union did not want the government to go ahead with a deal with which, they claim, would give India too much leverage over fuel prices in Sri Lanka. (more...)
Study suggests artificially sweetened drinks may be tied to dementia and stroke
- April 26, 2017

Those who drank a can of artificially sweetened soft drink per day were 2.96 times more likely to have an ischaemic stroke (when a blockage prevents blood flow to the brain) and 2.89 times more likely to develop Alzheimer's disease, than those who drank them less than once a week. (more...)
Right-wing radio host Alex Jones responds to Chobani lawsuit Right-wing radio host Alex Jones responds to Chobani lawsuit
- April 26, 2017

It then goes on to accuse Jones of defaming the company in a video , posted last year, that accused Chobani of " importing " unsafe men from the Middle East, resulting in the rape of a five-year-old girl (the incident made news in Twin Falls, Idaho), by the yogurt company's employees. (more...)
Larry 'Google' Page has shown off his flying vehicle
- April 26, 2017

If you're ready to buy and then fly (the company says you can learn how in just " minutes ") - keep any eye on the company's website. It doesn't exactly look like the flying cars we saw in The Jetsons , but this is Larry Page's vision of futuristic transportation. (more...)
Larry Page's "flying car" makes its debut
- April 26, 2017

But on the company's website , it says the Flyer will look different from the prototype. "We've designed our first version specifically to fly over water". Rising to an altitude of 15 feet, the Kitty Hawk Flyer could be our first real glimpse at the future of flying transportation. Airbus hopes to test its own flying vehicle by the end of this year and Chinese firm Ehang showed off its take on a flying auto in 2016 which looks more like a one man drone. (more...)
PPG Industries ups bid for Akzo Nobel to $28.8B PPG Industries ups bid for Akzo Nobel to $28.8B
- April 26, 2017

PPG called the new proposal " one last invitation " for Akzo's board to engage in talks. "I think it's important for them to do the due diligence and to sit down and listen to us", McGarry said. Dulux owner AkzoNobel has continued to stand its ground in an increasingly acrimonious dispute with leading shareholders by rejecting a request to hold a vote on the future of its chairman. (more...)
United CEO won't add chairman title in 2018 as was planned
- April 25, 2017

Future determinations related to the chairman position are left to the discretion of the board, the carrier said in a regulatory filing Friday. Thomas Demetrio is attorney for David Dao, the passenger forcibly removed from a United Airlines flight earlier in April, speaks at a press conference on April 13, 2017. (more...)
Lawyer Of Doctor Dragged From Flight Speaks Out Lawyer Of Doctor Dragged From Flight Speaks Out
- April 25, 2017

The attendant then challenges that passenger with "Try it, hit me". A passenger on the San Francisco-Dallas flight, Surain Adyanthaya , posted a video online of the confrontation with the caption: "OMG". A mother traveling from Argentina was in tears as an American Airlines attendant allegedly grabbed her stroller violently. "Good customer service is finding a way to de-escalate a situation and he (the flight attendant) was throwing gasoline on it". (more...)
Higher After French Election
- April 25, 2017

Le Pen, 48, has also touted her pledges to suspend the EU's open-border agreement on France's frontiers, and to expel foreigners who are on the watch lists of intelligence services, as the right response to a series of Islamist attacks in France. (more...)
Spurs Vs. Grizzlies Live Stream
- April 24, 2017

The Silver and Black never recovered. "The more he gets double-teamed, the more I enjoy it because he is just going to get better and better at finding out where people are", San Antonio coach Gregg Popovich told reporters. The Bucks moved the ball well, hit open shots and had a double-digit edge on points in the paint for much of the night. He also had 12 rebounds. That led to another start for Randolph and James Ennis. (more...)
United changes policy, crew can't displace seated passengers
- April 23, 2017

The new policy comes almost a week after a passenger, Dr. David Dao, was forcibly removed from an overbooked United flight from Chicago's O'Hare International Airport. On Sunday night, United offered passengers $400 each, then $800 each, to voluntarily leave the flight, but no one was interested. However, on an interview with Good Morning America, Munoz stated that he will not step down as the CEO of United Airlines. (more...)
Trump directs Commerce Dept. to investigate possible steel tariffs Trump directs Commerce Dept. to investigate possible steel tariffs
- April 23, 2017

President Trump and Commerce Secretary Wilbur Ross have a message for big American steel companies. Trump will sign a memorandum authorizing a probe under section 232 of the Trade Expansion Act of whether steel imports hinder national security, according to the White House schedule. (more...)
Kyle Busch Leads Saturday Morning Cup Practice at Bristol Kyle Busch Leads Saturday Morning Cup Practice at Bristol
- April 23, 2017

Now? The team is winless through the first seven races of the season and looking to break the drought at Bristol Motor Speedway . Blaney has never led a lap on a short track during his Cup Series career , but he did win an Xfinity Series race at Bristol in 2014 to go along with seven top-10 finishes at short tracks in the second-tier series. (more...)
Why Schlumberger Q1 Earnings Left Investors Unimpressed Why Schlumberger Q1 Earnings Left Investors Unimpressed
- April 23, 2017

Schlumberger Limited. also was the recipient of some unusual options trading activity on Friday. Schlumberger's shares were little changed at $76.15 in premarket trading. First American Bank increased its stake in shares of Schlumberger Limited .by 38.1% in the third quarter. DA Davidson initiated the stock with "Buy" rating in Friday, February 19 report. (more...)
Regulators sue Ocwen Financial, say it mishandled mortgages Regulators sue Ocwen Financial, say it mishandled mortgages
- April 22, 2017

A phone message left with Ocwen President and Chief Executive Ronald Faris was not immediately returned. With the help of a lawyer, she was able to get a modification from Ocwen , but she has continued to fight with the company about other aspects of her loan, she said. (more...)
Germany's Lilium says successfully tests 'flying taxi' prototype Germany's Lilium says successfully tests 'flying taxi' prototype
- April 22, 2017

What gives the Lilium potential to become a great personal jet (or flying vehicle, if you prefer to call it that) is that it doesn't need a runway. In flight tests, a two-seat prototype executed maneuvers that included a midair transition from hover mode, like a drone, to wing-borne flight, like a conventional aircraft, Lilium said. (more...)
Trump enters US-Canada milk fight with threat to end NAFTA
- April 21, 2017

The letter follows on other Cuomo administration efforts urging the Canadians to rethink their dairy trade policies, including a letter sent by the governor to Prime Minister Justin Trudeau last fall that apparently fell on deaf ears. The senator has repeatedly denounced the programs since past year, having called on former President Barack Obama to take action. On Wednesday, the Department of Commerce also gave notification that it would postpone a planned decision on whether or not to ... (more...)
EPA to reduce workforce with buyouts, early retirement plan
- April 20, 2017

The leader of the Environmental Protection Agency is scheduled to tour an IN public-housing complex where roughly 1,000 people were ordered evacuated because of lead contamination. EPA Administrator Scott Pruitt, who was confirmed in February, is visiting the Superfund site this week, Kaplan said. Thirteen other families are appealing their relocation offers from the city housing authority or have been given notice to move. (more...)
U.S. accuses Iran of 'alarming provocations'
- April 20, 2017

Tehran also supports the Houthis in Yemen, threatening the southern border of Saudi Arabia, while the Iranian-sponsored Quds force has been " undermining security in Iraq for years ", Tillerson said. U.S. sanctions, as approved by Congress, were suspended instead of revoked; they can be reimposed with the stroke of a presidential pen. However, his predecessor Barack Obama argued the deal, between Iran and six world powers including China, Russia and the United Kingdom, was the best way to ... (more...)
Asia stocks, dollar under pressure after soft U.S. data Asia stocks, dollar under pressure after soft U.S. data
- April 20, 2017

Platinum fell 1.1 percent to $962.99, while palladium was up 0.2 percent at $776. The dollar edged higher after US Treasury secretary said he saw the currency's strength over the long-term as a positive, although he agreed with Trump's view that it hurts exports in the short-term. (more...)
North Korea says Syria airstrikes prove its nukes justified North Korea says Syria airstrikes prove its nukes justified
- April 19, 2017

Backing away from a campaign pledge, President Donald Trump said his administration will not label China a currency manipulator in a report due this week, though he does feel the US dollar "is getting too strong". Trump said in a brief appearance before reporters that he and Xi made "tremendous progress" in their first face-to-face talks and that he believe "lots of very potentially bad problems will be going away". (more...)
Departing 'O'Reilly Factor' Advertisers Now In Other Fox Shows Departing 'O'Reilly Factor' Advertisers Now In Other Fox Shows
- April 19, 2017

However, the allegations and defection hit hard on the shares of the 21st Century Fox because they fell 1.2% to $31.75 at the close in NY. Fox News was also at the centre of a sexual-harassment scandal a year ago. The new lawsuit against Ailes was brought by Fox's Julie Roginsky and is notable because it accuses Fox's current management of trying to cover up for Ailes. (more...)
Blue Jackets' Werenski out for playoffs with face fracture
- April 19, 2017

Game four goes Tuesday night. Zach Werenski's goal increased Columbus' lead to 3-1 with a slap-shot. Sergei Bobrovsky has been less-than-average and the bite and snarl the Blue Jackets had seems non-existent next to the colossus that is the Pittsburgh Penguins. (more...)
On North Korea, Trump signals break with US-China policy On North Korea, Trump signals break with US-China policy
- April 19, 2017

North Korea's Ambassador to the United Nations has warned nuclear war may break out at any moment, accusing the USA of turning the Korean Peninsula into the "world's biggest hotspot". He said that with the action on Syria, Trump "made sure that members of Congress were notified of his action in a very, very short amount of time". (more...)
North Korean Test Missile Explodes on Launch North Korean Test Missile Explodes on Launch
- April 19, 2017

Ironically, the United States has absolutely no interest in the Korean peninsula and its peoples; its sole rationale for maintaining the ongoing conflict with North Korea is to justify maintaining the extensive military bases encircling China, with the support of the Japanese. (more...)
Bahrain GP: Hamilton, Bottas finish in podium but Vettel secures win
- April 19, 2017

Although he also faced the prospect of having to move aside twice for teammate Lewis Hamilton, Bottas reckoned that the Sakhir weekend showed he was getting more on top of the Mercedes vehicle - which gives him reason to feel can still challenge for the title. (more...)
Airstrikes on Syria might also send message to North Korea Airstrikes on Syria might also send message to North Korea
- April 19, 2017

Trump said in a brief appearance before reporters Friday that he and Xi made "tremendous progress" in their talks and that he believes "lots of very potentially bad problems will be going away". Trump aides who participated in the talks described a productive first meeting between the leaders, saying they exhibited "positive" chemistry. USA officials say President Donald Trump and Chinese President Xi Jinping have agreed to increase cooperation on trying to get North Korea to abandon its ... (more...)
ELON MUSK: Tesla will unveil two electric trucks ELON MUSK: Tesla will unveil two electric trucks
- April 19, 2017

The Tesla CEO did add that the company's engineers have done an "amazing job" on it and that the vehicle is "seriously next level". If that doesn't get you excited, here are a couple of other things that might: Musk also revealed via replies to other Twitter users that we'll see a Tesla-branded pick up truck revealed sometime in the next 18 to 24 months. (more...)
Snapchat CEO said India Snapchat CEO said India "too poor" to consider expansion
- April 18, 2017

According to the information on App Store , the ratings of the current version of the app was single star (based on 6,099 ratings) and all versions rating was one and half star (based on 9,527 ratings) as on Sunday morning. On Thursday, Facebook's Instagram announced that over 200 million people were now using the Instagram Stories feature every day - suggesting that reports about the adverse impact the Snapchat clone has had on Snap's growth are at least partly true. (more...)
Uber may be forced to add one of Lyft's best features Uber may be forced to add one of Lyft's best features
- April 18, 2017

NY officials are trying to force the ride-sharing app to include a tipping option after a petition was signed by 11,000 drivers. In a blog by its policy team past year, Uber said it considered building a tipping option into the app but ultimately decided against it "because we felt it would be better for riders and drivers to know for sure what they would pay or earn on each trip - without the uncertainty of tipping". (more...)
North Korea's missile launch fail
- April 18, 2017

A U.S. military official said the USA does not intend to use military force against North Korea in response to either a nuclear test or a missile launch. The South Korean government had said earlier this year that Kim Won Hong was sacked from his job as state security minister, presumably over corruption. (more...)
Congratulations April! World Famous NY Giraffe Gives Birth Congratulations April! World Famous NY Giraffe Gives Birth
- April 17, 2017

Adventure Park in Harpursville, New York has not announced the calf's sex yet but an official did call it a " perfect delivery ". Adventure park owner Jordan Patch says mother and calf are both doing fine. Its gender was not yet known, and its name will be determined through a competition run by the park. Many have watched the pregnant giraffe through different live streams provided by numerous feeds throughout the Internet, including the CBSDFW Facebook page. (more...)
Virginia Congressman and Freedom Caucus member on future of healthcare Virginia Congressman and Freedom Caucus member on future of healthcare
- April 17, 2017

Rep. Mark Meadows, R-N.C., the head of the conservative House Freedom Caucus, "is a pathological liar who isn't interested in getting to yes", one House GOP colleague told The Hill . Mark Sanford, R-S.C., that would require insurers to cover patients with pre-existing conditions so long as they maintained continuous coverage. Worse, this week it was reported that Trump is officially putting tax reform on hold to give health care another go . (more...)
Trump picks critic to lead Ex-Im Bank he once opposed Trump picks critic to lead Ex-Im Bank he once opposed
- April 16, 2017

Justin Amash, a member of the conservative House Freedom Caucus and a longtime critic of the bank, tweeted displeasure about the Ex-Im Bank moments after the White House announced Garrett's nomination. Trump's previous refusal to name candidates for the two vacancies on the bank's five-member board has prevented it from having a quorum and being able to act on loans over $10 million (9.4 million euros). (more...)
Asian shares mixed as Trump talks down US dollar Asian shares mixed as Trump talks down US dollar
- April 15, 2017

Prasad: The interesting thing is that the currency manipulation charge that Mr. Trump leveled against China during the campaign certainly was not grounded in economic reality, because if anything, the Chinese currency , the renminbi, has been weakening against US dollar and that's the way the markets want to push it. (more...)
NDP "plan" a multi-billion dollar crater for BC economy: Liberals
- April 15, 2017

He says the growing economy will generate $3-billion in new revenue for the provincial government, and he will cut some of what he calls "waste" in the Christy Clark government. Horgan also promised changes to the Residential Tenancy Act to stop landlords from using fixed-term leases to get around the provincial cap on annual rent increases. (more...)
Russian Federation vetoes United Nations resolution on Syria chemical weapons attack
- April 15, 2017

President Donald Trump painted a bleak picture of U.S. -Russia relations Wednesday, saying that the relationship between the two nations may be at an "all-time low". Lavrov also said Russian Federation expects the U.S.to take part in a meeting on Afghanistan this week. Mr Tillerson, who was personally awarded an Order of Friendship medal by Mr Putin in 2013 when he was chief executive of ExxonMobil, met Mr Putin for two hours during which time the situation in Syria and the April 4th ... (more...)
Loan growth stalls despite profit, trading gains at some US banks
- April 14, 2017

Wells Fargo reported first-quarter net income of $5.5 billion, or $1 a share, which exceeded the 96 cents that analysts were projecting. The comments came after JPMorgan reported a 17 percent rise in profit for its first quarter, driven primarily by more trading. (more...)
Warmer weather moves in again for the holiday weekend
- April 14, 2017

Eventually, clouds should clear out during the overnight period with temperatures in the 40s. There may be some sunshine around over the Easter Weekend , but any sun we do see will primarily come early in the day. Expect a mix of sunshine and clouds. Monday night: Mostly cloudy, low around 38. A weak cold front will approach from the north late Sunday . On Easter Sunday , that threat for showers or a thunderstorm will also come in the afternoon, but may continue further into ... (more...)