Economy

US Senate votes to restore and save Net Neutrality

US Senate votes to restore and save Net Neutrality This measure now goes to the House , but it's not likely to pick up any traction there. But in reality the victory is a completely hollow one, as despite the vote , it is highly unlikely to pass the Republican-controlled House of Representatives. [Full Article...]

Iran says nuclear deal talks with European Union 'constructive'

Iran says nuclear deal talks with European Union 'constructive' In a separate interview on CNN's " State of the Union ", he said Iran's economic condition is "really quite shaky", so the impact of sanctions "could be dramatic". So, the rationale for getting out of the deal is that it was contrary to American national security interests when we entered into it, and it hadn't gotten any better with age. [Full Article...]

US Senate Vote Saves Net Neutrality For Now

US Senate Vote Saves Net Neutrality For Now Edward Markey (D-Mass.)-who spearheaded the Senate CRA-had called "the most important week for the internet that the Senate has ever seen". "A vote against this resolution will be a vote to protect large corporations and special interests, leaving the American public to pay the price". [Full Article...]

Tesla driver says she slammed into fire truck on Autopilot

Tesla driver says she slammed into fire truck on Autopilot Doug Field, senior vice-president of engineering, is taking time away from the company to recharge, according to a company spokesman. Matthew Schwall, Tesla's primary contact with United States regulators, just joined the safety team at Waymo, the self-driving-car company started by Google. [Full Article...]

GOP Legislators Will Fight Seattle Head Tax as Unconstitutional

GOP Legislators Will Fight Seattle Head Tax as Unconstitutional When the city council was considering a head tax a year ago, councilmembers were unable to agree on an employee-hours tax of 6.4 cents per employee per hour, which would have generated about $25 million annually. Residents showed up two hours before the vote Monday to wait in line and claim a space in the chamber, which was packed to capacity. "We are fighting everywhere, '" Sawant said. [Full Article...]

Gap Apologizes for Selling T-shirt with 'Incorrect' Map of China

Gap Apologizes for Selling T-shirt with 'Incorrect' Map of China Gap said the T-shirt - omitting Taiwan , Tibet and islands in the South China Sea - had been pulled from the Chinese market and were destroyed. It also added that it would implement more rigorous reviews to ensure the same thing would not happen again. [Full Article...]

Cantor Fitzgerald Reiterates $25.00 Price Target for Valeant Pharmaceuticals International (VRX)

Cantor Fitzgerald Reiterates $25.00 Price Target for Valeant Pharmaceuticals International (VRX) It has outperformed by 30.45% the S&P500. The Dow Jones industrial average gained 94.81 points, or 0.4 percent, to 24,357.32. It is down 0.00% since May 7, 2017 and is. About 55.12M shares traded or 518.14% up from the average. For every buyer, there is a seller, and each transaction contributes to the count of total volume. [Full Article...]

Amazon Go targets Chicago, San Francisco for new stores

Amazon Go targets Chicago, San Francisco for new stores That news comes from the fact that the internet retail giant has listed Amazon Go store manager positions for Chicago and San Fransisco on its jobs site. Customers simply have to download the Amazon Go app and scan a unique barcode that automatically identifies them when they walk into a store. Customers are billed after leaving the store using credit cards on file. [Full Article...]

More pain at the pump: Gas prices continue to climb statewide

More pain at the pump: Gas prices continue to climb statewide AAA says gas prices are up 7-cents on average to $2.93, creeping ever closer to the $3 mark as we approach Memorial Day and the start of the summer travel season. On the plus side, AAA says airfares are down seven percent as compared to last Memorial Day, with an average price of $168 for a round-trip flight along the top 40 domestic routes and auto rental prices are down 11 percent. [Full Article...]

Pilot and child (7) confirmed dead in Offaly plane crash

Pilot and child (7) confirmed dead in Offaly plane crash Mr Slattery - whose son is Clonbullogue-based musician and film maker Paddy Slattery - called the emergency services and waited at the scene to direct them to the crash site. They said GardaĆ­ and emergency services are at the scene of the crash. He thought nothing was unusual except the plane seemed to be flying very close to the ground, he explained. [Full Article...]

Xerox terminates merger agreement with Fujifilm

Xerox terminates merger agreement with Fujifilm Icahn and Deason had in late April won a temporary injunction against the merger after a NY judge agreed the deal prioritized the interests of the Xerox CEO over that of the company's shareholders. Xerox said it believes that the transaction can not reasonably be expected to be completed under the circumstances, particularly given the court injunction and that shareholders didn't support it on cur... [Full Article...]

Tesla, probably on autopilot, slams into truck in dramatic Utah wreck

Tesla, probably on autopilot, slams into truck in dramatic Utah wreck Investigators are also examining the Autopilot system in that case. There was no indication the Tesla's driver was under the influence of any substance, and information on what the driver may have told investigators about the circumstances of the crash likely would not be available before Monday, Winkler said by telephone. [Full Article...]

Lalu Yadav's son Tej Pratap marries Aishwarya Rai in Patna

Lalu Yadav's son Tej Pratap marries Aishwarya Rai in Patna After the wedding, Prasad will fly to Ranchi on Monday to report to jail authorities. Lalu Prasad arrived here on Thursday from Ranchi on parole for three days to attend the elder son's marriage. The menu includes gulab jamun, bundi malai, imarti, kadhai paneer, vegetable kofta, parwal, dum aloo, Kashmiri dal, vegetable biryani, meetha dahi vada, naan, missi roti, Punjabi kulcha, Punjabi chhole,... [Full Article...]

City appeals two National Energy Board decisions on Trans Mountain pipeline

City appeals two National Energy Board decisions on Trans Mountain pipeline The Liberal government is also seeking intervener status on the case. In December, the NEB exempted Trans Mountain from following Burnaby's permitting and tree bylaws because they said it would cause unreasonable delay, and in February, the city asked the Federal Court of Appeal for permission to appeal this ruling, but the request was denied. [Full Article...]

FCC fine of $120M for almost 100 million robocalls in three months

FCC fine of $120M for almost 100 million robocalls in three months The FCC announced the penalty during its monthly open meeting on Thursday, May 10. Abramovich and his legal representatives could not be immediately reached to comment on the fine. The agency had previously proposed the fine in 2017 but is now coming through on its promise to reprimand Abramovich. Those robocalls impacted other people and services, the FCC said. [Full Article...]

Morse Asset Management Inc Takes $961000 Position in Nvidia (NASDAQ:NVDA)

Morse Asset Management Inc Takes $961000 Position in Nvidia (NASDAQ:NVDA) DnB Asset Management AS now owns 75,858 shares of the computer hardware maker's stock worth $14,679,000 after buying an additional 5,800 shares during the period. NVIDIA Corporation's insider ownership stands at 0.5 percent, while its insider transaction is -3.66 percent. It has outperformed by 96.78% the S&P500. [Full Article...]

ICICI Bank Q4 net profit plunges 45% to Rs 1142 crore

ICICI Bank Q4 net profit plunges 45% to Rs 1142 crore ICICI Bank , the country's largest private sector bank , has reported a 50 per cent fall in its net profit and a 27 per cent surge in non-performing assets (NPAs) or bad loans during the fourth quarter ended March 2018 even as the bank's MD and CEO Chanda Kochhar , who is facing allegations of conflict of interest while sanctioning loans to the Videocon group , said that the bank's board ha... [Full Article...]

Oil breaks US$70 as market awaits U.S. call on Iran

Oil breaks US$70 as market awaits U.S. call on Iran In other news, hedge funds cut their net long U.S. crude futures and option positions in the week to May 1 by 11,825 contracts to 444,060, according to the U.S. We are not just talking about a return to strained relations between the USA and Iran if Trump pulls out of the deal, but we also need to look at the risk of what impact this could have on regional markets within the Middle East. [Full Article...]

Following Shares of Air France-KLM SA (OTCMKTS:AFLYY)

Following Shares of Air France-KLM SA (OTCMKTS:AFLYY) The strike has had an impact of more than?300m euros, as reported by the airline. 'Be responsible. The survival of Air France is in the balance, ' he added. Staff at Air France-KLM have been locked in a dispute over pay since February, with unions demanding 5.1 per cent increases this year, and are set to walk out for the 14th day today. [Full Article...]

Parkland student rips Trump over NRA speech: 'He's a professional liar'

Parkland student rips Trump over NRA speech: 'He's a professional liar' In addressing the gun lobbying group's annual convention, the Republican president will emphasize his support for gun rights in political terms, likely claiming again that Democrats want to take away Americans' firearms, a White House official said. [Full Article...]


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