Business

Tobacco companies announce $49-billion merger - will others follow?

British American Tobacco Plc has agreed to fully take over Reynolds American Inc. on terms that are improved from an initial bid made previous year. "When we think about this transaction though, British American Tobacco does not have any other operations in the United States", she stated.

Billionaire George Soros Makes a Huge Stock Miscalculation

Soros was one of many who bet on a Trump win causing a massive selloff, but instead, the market has rallied almost 10%. These positions ultimately proved to be poor as the market rallied hard on the back of optimism in the markets shortly after the rise of Donald Trump.

Oil prices jittery as investors continue to fret about global supply

Brent crude gained 21 cents, or 0.37%, to US$57.10 a barrel, and United States crude was up 23 cents, or 0.43%, at US$53.99. In the United States, energy companies last week added rigs for a tenth week in a row, extending the drilling recovery into an eighth month as crude prices remained at levels at which many U.S.

Facebook launch new mid-roll video ad format

Facebook started testing mid-roll ads in live videos past year, but an executive told Poynter the format would be rolled out to all videos eventually . This time limit is set for videos that will at least run for 90 seconds and not less than that. Publishers should also be intrigued by the potential for a new earnings stream.

Note ban step to equitable society: BJP resolution

The BJP has maintained that the decision of demonetisation has strengthened the honest middle class, taxpayers, small traders, professionals and other such people, who were bearing the brunt of corruption and black money in day-to-day life.

U.S. motorists to spend $52 billion more on gas

That's a considerable jump given that motorists saved $39 billion on gasoline in 2016 versus 2015. In fact, GasBuddy predicts $3 a gallon gasoline will be seen in the largest cities: New York, Los Angeles, Chicago, Washington, D.C. Motorists were paying $1.84 for gas a year ago. Prices began to rise in December after the Organization of Petroleum Exporting Countries agreed to cut production along with other non-members of the group, led by Russian Federation.

Investigators search for cause of Brooklyn train crash

More than 100 injured people were taken to area hospitals. "That train was coming in much faster". "Accidents seem to happen in an instant but they take some time to unravel", Southworth said. "The train suddenly slammed", said a woman who was riding in the first auto of the train. While NTSB officials are just beginning their investigation, the LIRR is now in the middle of a billion dollar system safety upgrade.

This Is What A $632000 Tuna Fish Looks Like

Kiyoshi Kimura, who owns Kiyomura Corp., bid a winning 74.2 million yen ($632,000) for a bluefin tuna that, at 212 kilograms (466 pounds), weighed as much as two or three people. Pacific bluefin are already depleted by more than 97% from historic levels, according to the Pew Charitable Trusts. "We've been in turmoil as the timing of the relocation has not been fixed yet", an official of a fish wholesaler said, addressing participants of the auction.

Spirit Airlines launching nonstop flights from Tampa to Boston

Southwest Airlines Co. (NYSE:LUV) has the market capitalization of 31.22 Billion. Southwest Airlines is planning to launch service on June 4 to Cincinnati/Northern Kentucky International Airport and to Grand Cayman's Owen Roberts International Airport (subject to Southwest receiving requisite governmental approvals).

Cuomo proposes free tuition at SUNY

During the primary race for the Democratic nomination for president, Sanders vowed to make college tuition-free for all students, if elected. The proposal includes two-year state and city community colleges and four-year State University of New York (SUNY) schools, as well as City University of New York (CUNY) institutions.

Let the basic income begin - Finland gives 2000 citizens money for nothing

Experts say this will actually encourage the jobless to seek out employment opportunities (didn't these same people say welfare was not a deterrent to seeking employment?). Under Universal Basic Income (UBI), people will receive a standard amount of cash for just being alive. Those chosen will receive 560 euros every month, with no reporting requirements on how they spend it.

JonBenet Ramsey's Brother Files $750 Million Lawsuit Against CBS

CBS have declined to comment on the lawsuit. According to Ramsey, the "pseudo-experts" also falsely stated that Patsy Ramsey, the mother of Burke and JonBenet, wrote the ransom note that was found at the crime scene to cover for Burke. Burke's attorney , Lin Wood , named CBS , experts who appeared in the show, and the production company that was behind the documentary. The lawsuit says that as a result of CBS' defamatory statements against Burke, he has suffered damage and harm ...

Black Twitter reacts to Dylann Roof refusal to save his life

Essentially, Dylann - who is notoriously representing himself - told U.S. District Judge Richard Gergel that he does not plan on using evidence or any witnesses to help his case. He was represented by a lawyer during the guilt phase of the trial. When the jury returns January 3 to begin the penalty phase, they will hear from both sides before mulling whether Roof should be put to death for his crimes or sentenced to a life prison term.

Volkswagen gets final extension for possible emissions deal

Under the new settlement - which requires court approval expected to come no sooner than spring 2017 - VW will recall 63,000 of the affected vehicles and either bring them into compliance with emissions standards or buy them back from owners or terminate their leases.

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

According to the federal competition watchdog, it would be one of the largest consumer settlements in Canadian history. The Canadian settlement doesn't include vehicles with 3.0-litre diesel engines. Smaller amounts will be paid to eligible non-owners, including those who leased the vehicles. Under the terms of the deal, owners will be able to sell their vehicles back to the company, trade them in for upgrades, or get them repaired.

NY hedge founder indicted in $1 billion fraud case

Seven executives with the NY hedge fund Platinum Partners , including the founder, were arrested Monday on charges connected to $1.3 billion fraud in a Ponzi-type scheme. The case is U.S. v. Nordlicht et al, U.S. District Court, Eastern District of New York, No. 16-cr-640. Mark Nordlicht , the chief investment officer for Platinum Partners , sent a desperate e-mail December 13 to an unnamed accomplice, identified in court papers as "Co-Conspirator 1", stating, "Am on my way to jfk with ...

Maine joins antitrust lawsuit against generic drugmakers

Heritage Pharmaceuticals' former president Jason Malek and former CEO Jeffrey Glazer were charged with colluding to "rig bids, and fix and maintain prices of doxycycline hyclate sold in the United States", according to a court filing. District Court for the District of CT against Heritage Pharmaceuticals, Inc., Auribindo Pharma USA, Inc, Citron Pharma, LLC, Mayne Pharma (USA), Inc., Mylan Pharmaceuticals, Inc.and Teva Pharmaceuticals USA, Inc.

United Nations warns Gambia's President Yahya Jammeh must leave power when term ends

That same evening, Jammeh's party filed documents with the Supreme Court asking for the annulment of the December 1 elections, citing, among other things, irregularities by the IEC and intimidation of its supporters. The country's most influential lawyers' group, The Bar Association, has said any appointment of judges by Jammeh to decide on a case involving himself would be fundamentally unjust.

NEW INFORMATION: USPS tells customers to track packages after semi fire

The truck caught fire while making deliveries and video showed the driver and a passerby rushing to to get all the packages off before they went up in flames. The postal service is working with customers who are missing packages. In a statement , Amazon said: "We appreciate the efforts of all those involved and are grateful that everyone is safe".

UniCredit to raise billions and cut jobs

UniCredit's gains saw the stock finally recover its losses since the United Kingdom's Brexit vote in June which spurred a selloff across periphery bank stocks with Italy's banking stocks the hardest hit. The Monte dei Paschi situation will be solved, and by the year-end. The move comes at a pivotal moment for the Italian banking sector, which is weighed down with bad debt and low profitability and buffeted by political instability.

Oil extends gains on hopes for non-OPEC output cuts

There was selling interest above $51.00 p/b in January WTI futures with consolidation just above $50.50 into the United States open with as February Brent futures traded just above $53.50. The deal is also good news for dairy and tillage farmers as a sustained lift in oil prices is traditionally mirrored by stronger grain and dairy commodity markets.

How the Dow Jones industrial average finished Wednesday

This is a big call, but this Trump trade has muscle and there are plenty of people looking towards a more profitable future for banking stocks in the U.S., less so in Europe. Companies that make medical device and equipment also slid. OIL: Benchmark U.S. crude oil added 13 cents to $49.90 per barrel in NY. Pfizer and Merck each fell 2 percent.

Energy Transfer Partners seeks quick court ruling on Dakota Access pipeline

His comments come after the US Army said it would not authorise the final section of the pipeline to allow alternative routes to be considered. Earlier in the show Billy Mills, a member of the Oglala Lakota tribe and a 1964 U.S. Energy Transfer Partners and Sunoco Logistics Partners called the move "a purely political action" in a statement Sunday, adding that they are fully committed to bringing the project to completion.

Trump takes on another Mexico-bound Indiana manufacturer

President-elect Donald Trump has announced that the United States is going to reduce and cut back taxes and regulations on business except those who leave the country and sell their products in its dominion area. "We found out today that more jobs are leaving than what we originally thought", Bray said . Trump's plan to keep jobs and business in America was a focal point of his campaign and is key to his policy plan for the White House.

IKEA expands paid parental leave to 4 months for United States employees

The Swedish company, which is the largest furniture retailer in the world, said the parental leave benefits apply to birth mothers and also fathers, as well as adoptive and foster parents. It is the latest push by the Swedish company to improve worker conditions in the U.S., one of the few thriving countries in the world where there is no nationwide law to support paid parental leave.

Corporations Just Learned How to Flip Donald Trump on His Back

Putin said in an interview with the NTV channel to be broadcast later on Sunday that Trump's business accomplishments show him to be a "smart man". President-elect Donald Trump threatened companies with a 35 percent tariff on goods sold back to the United States if they move their operations outside the country.

Is your money made from animal fat?

In a statement it said: "We are aware of some people's concerns about traces of tallow in our new five pound note". "The Bank has actively followed up with Innovia, who are investigating the matter further, and looking into alternatives, and have committed to keep the Bank informed as to their next steps", continued Ménard.

US Employers Add 178K Jobs as Unemployment Sinks to 4.6 Pct

These data have shown little recent movement. But even with consistent job creation, a historically large share of Americans have opted out of the workforce and wage gains have remained below prerecession levels. The benchmark Fed rate has been stuck near zero since the beginning of the Great Recession, and many have argued that it is time to end the Fed's historically low interest rates policy.

Bergdahl seeks pardon from Obama to avert desertion trial

He was captured by the Taliban and became a prisoner for five years. Bergdahl was freed following five years in captivity in 2014 when the US gave up five Taliban detainees in return for the disgraced service member. A source told Fox News that, in a letter, Bergdahl both thanked the President for rescuing him in May 2014 in a controversial exchange for five Taliban prisoners from Guantanamo Bay and asked for a pardon.

Washington presidential elector joins anti-Trump movement

But a growing number of electors are trying to get at least 40 Republican electors to not vote for the President-elect. The Hamilton electors - also known as faithless electors - "are pledging to put America first and vote for a responsible Republican alternative who can unify our country", according to their website.