Business

Samsung scion sentenced to 5 years in slammer

Song Wu-cheol, one of Lee's defence lawyers, described the verdict as "unacceptable" and said that the lower court ruling would be appealed. The corruption scandal has also resulted in the conviction of another close associate of Park's, Choi Soon-sil, who was sentenced to three years in jail in June.

Amazon plans big price cuts at Whole Foods Markets

What that means, is, when the work is done, Prime members who visit Whole Foods in-store will receive even more special savings. The targeted products include select bananas, organic Gala and Fuji apples, organic rotisserie chicken , responsibly farmed salmon, organic brown eggs, ground beef, almond butter and 365 Everyday Value organic butter .

'Heated rhetoric' expected during NAFTA talks, Canadian officials say

Mexican and Canadian leaders have framed their aims as "modernizing" NAFTA to better reflect how trade works now, including adding guidelines for e-commerce. The Honourary Chairperson of the Council, Maude Barlow, recently said in a press release, "If (Canada's) government is truly concerned about the environment, labour and public protection, it should look at the glaring problem: Chapter 11, which has made Canada vulnerable to billions of dollars of corporate lawsuits over our ...

Railway Minister offers to quit, Board Chairman replaced

Mr Lohani, 58, belongs to the 1980 batch of the Indian Railways Service Mechanical Engineers. His resignation was tendered to Railways Minister Suresh Prabhu . Prabhu met the prime minister after a meeting of the Cabinet today and left the city soon after, his staff told PTI . It was because of his initiatives that the Fairy Queen, the world's oldest steam engine, was run on Indian tracks, setting the Guinness world record in 1998.

Dwyane Wade to Cavaliers after Bulls buyout?

The deadline for players to be playoff-eligible with a new team is March 1, and it's expected that a buyout will take place between the Bulls and Wade prior to then - if not well before. If there's one thing Miami fans have learned over the past few years, it's that no National Basketball Association offseason would be complete without a conspiracy theory involving a prominent player linked to the Heat.

Khairy regrets mistake over Indonesian flag

President Joko "Jokowi" Widodo also called for an apology but cautioned against exaggerating the incident. Indonesia's Olympic committee chief Erick Thohir earlier criticised Malaysia's "negligence". The hashtag #ShameOnYouMalaysia was trending on Twitter today as Indonesians vented their anger over their flag being printed upside-down in the souvenir programme distributed to VIPs during the opening of the SEA Games yesterday.

French group Total buys Maersk Oil in $7.5 billion deal

The transaction is expected to close in first quarter 2018 and has an effective date of 1st July 2017. Alongside Maersk Oil's UK North Sea assets, Total will also take over its Danish and Norwegian... Pierre-Louis Brenac, Middle East managing partner of consultancy Sia Partners, said that the deal seemed to be a flawless match to generate savings.

NGAM Advisors LP Sells 54429 Shares of Foot Locker, Inc. (FL)

The stock now has an average rating of "Hold" and an average target price of $72.17. Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. $1.94 million worth of stock was sold by PETERS LAUREN B on Wednesday, March 8. Foot Locker's dividend payout ratio is now 25.36%. A rating of 4 or 5 would represent a Sell recommendation.

Sensex, Nifty extend gain for 3rd day; GMR Infra, Infosys jump

Infosys closed higher by 4.83% at Rs 1,022.30 per share . Major gainers in the 30-share index were Infosys (3.21%), Reliance Industries (1.58%), Dr Reddy'S Laboratories (0.84%), Tata Steel (0.83%), GAIL (India) (0.77%), and Bharti Airtel (0.75%).

Americans splash the cash in July as retail sales rise

Retail sales in many earlier months of the year were lackluster. Helping to push the June level higher was a 1.2% increase in auto sales from the month before, its biggest increase since December. In response, the dollar hit a near three-week high against a basket of major currencies. The nation's gross domestic product (GDP) increased at an annual rate of 2.6% in the second quarter, up from the 1.2% pace in the first quarter of the year.

Target Acquires Company To Help Them Make Same-Day Deliveries

Target said on Monday that it plans to bring the same-day delivery pilot to a few more NY stores this fall. It said the company will become a part of the company's technology unit and said Grand Junction will stop working with other retailers when those contracts end.

India's International Olympic Committee buys first USA sweet crude for end-October delivery

September West Texas Intermediate crude oil CLU7, +0.34% fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel on the New York Mercantile Exchange-off the day's low of $47.02. On the balance situation, a survey of analysts from S&P Global Platts revealed expectations of a 3.6 million drop in USA crude oil inventories and a 400,000 barrel decline for gasoline .

Sharad Yadav may leave JD-U if he wants: Paswan

Summary: Amid signs of an "imminent and conclusive" action against Sharad Yadav for "crossing the party line", his supporters are mulling a plan to present their group before the Election Commission as the "real" JD (U), claiming support of 14 state units.

BC government to fight Kinder Morgan's Trans Mountain expansion

At the time, Premier John Horgan suggested there were ways to halt the pipeline, including First Nations lawsuits. Not all First Nations in B.C. are opposed to the project. Thomas Berger has been hired as an external lawyer for matters relating to the pipeline, which was green-lighted by the previous BC Liberal government in January and federal government last November .

China and ASEAN to maintain stability in South China Sea

Likewise, the ASEAN foreign ministers emphasized the importance of non-militarization and self-restraint in the conduct of all activities by claimants and all other states, including those mentioned in the Declaration of Conduct in the South China Sea that they said could further complicate the situation and escalate tensions in the region.

U.S. created 209000 jobs in July, vs 183000 jobs expected

The number of people overall in the workforce increased by 400. Alberta lost 14,000 jobs and saw its unemployment rate rise from 7.4 per cent in June to 7.8 per cent in July. In June, there were 6,977,000 who were unemployed and in July that number grew to 6,981,000. Trump has pledged to sharply boost economic growth and further strengthen the labor market by slashing taxes, cutting regulation and boosting infrastructure spending.

Toyota, Mazda plan electric partnership

It is due to begin operations by 2021. The factory will be used to build Toyota Corollas , and as yet un-named Mazda SUV crossover vehicle. Also, they have extended their dominance in Japan's auto sector, while, Mazda will take a 0.25% share of its larger rival, Toyota .

Should Analyst help in decision?: Tesla, Inc. (TSLA)

The electric vehicle maker has cautioned that its rollout of the Model 3, its first attempt at a mass-market auto, would face challenges. The company said it is actually seeing an increase in orders for its luxury Model S vehicles, despite the launch of a cheaper model.

Carney keeps the pound pressured

The Bank's inflation report said it expected economic growth of 1.7 per cent in 2017 and 1.6 per cent in 2018, down from the 1.9 per cent and 1.7 per cent in previous forecasts. For the pound , it's going to boil down to how things unfold in today's MPC meeting and Carney's comments in this morning's press conference, while the Dollar Bulls will be looking ahead to tomorrow's nonfarm payroll and wage growth figures, the Euro on track to hit $1.20 levels in August and sooner rather than ...

Charter Communications declines a merger with Sprint

Some industry analysts previously speculated that SoftBank had no expectations of Charter agreeing to any kind of a merger and has simply submitted a bid in an effort to gain more leverage in its upcoming consolidation talks with T-Mobile that are expected to resume in the coming days after being put on hold for two months due to the aforementioned exclusivity negotiation period that Sprint agreed to enter alongside Comcast and Charter itself.

HSBC Tops First Half Estimates, Boosts Share Buyback Program by $2 Billion

He made the remarks on a conference call after the bank reported an increase in first half profit and announced $2bn share buyback programme . It completed a previously announced $1bn buyback in April. "The return of capital comes from the fact that the business is very accretive, very profitable. the dividend is 51 cents for the foreseeable future", said finance director Iain Mackay.

Markets create new records on strong corporate earnings

Meanwhile, the Nifty auto index rose as much as 1.2 per cent to hit a record high, on expectations of higher sales numbers from Indian automakers in July. The 50-issue NSE Nifty hit an all-time high during the day. Market breadth was positive with 666 advances against 275 declines. In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 945.83 crore, while domestic institutional investors (DIIs) purchased stocks worth Rs ...

Starbucks to close all Teavana stores, including location in White Oaks Mall

Employees will have the opportunity to apply for positions at Starbucks stores, the company said. A press release said the company tried to boost Teavana's sluggish sales "through creative merchandising and new store designs", but expected the "underperformance" to continue.

Britain Bans Petrol, Diesel Cars From 2040

Volvo recently said all of its cars will have an electric motor by 2019, while BMW will build an electric version of its iconic Mini in Britain. Judges ruled that prior clean-air plans were inadequate to meet European Union pollution limits in coming years.

GM earnings fall, outlook holds steady

Other institutional investors also recently made changes to their positions in the company. Despite the automaker's ability to beat Wall Street's expectations, Brian Johnson, an analyst with Barclays, doesn't expect the company's stock price to increase much above its recent trading price of about US$35 per share.

German auto cartel case may take long time to prove

BMW sought to defuse concern about possible collusion with other German vehicle makers by rejecting allegations of cheating on diesel emissions and downplaying talks with rivals as being focused on promoting exhaust-treatment technology in Europe.

Spieth in charge; awesome Grace shoots 62 at British Open

Grace's 2017 Open campaign had not started perfectly with two bogeys in the first four holes but he bounced back to finish with an even-par 70. "I had no idea whatsoever that was the lowest", Grace said . The lowest round in a women's major is 61, shot by Hyo-Joo Kim in the 2014 Evian Championship. On his third-round performance: "Fortunately I hit some really good shots today, a lot better than I have the last couple of days, and shot a really good score".

AstraZeneca plc (AZN) Receives Average Rating of "Hold" from Analysts

S&P Research has "Hold" rating and $40 target. About 36,304 shares traded. About 353,011 shares traded. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses.

U.S. stocks close lower as General Electric drags Dow

Winners and Losers: Shares of General Electric sunk almost 3 percent after posting a decline in second-quarter profit. Mr. Bornstein defended the timeline, saying it is a "big, big body of work", and that Mr. "We've reduced our Industrial structural costs year to date by $670 million and we are on track to meet or exceed our $1 billion cost reduction target for the year", Chairman and CEO Jeff Immelt said in an earnings release.

Mustard, ketchup maker French's sold in $4.2B deal

McCormick shares retreated 0.1 per cent in NY yeseterday ahead of the announcement and had gained about 4 per cent this year. French's and Frank's RedHot will become McCormick's second- and third-largest brands, respectively, CEO Lawrence E.