Business

Author: 0 Italy giving 5.2B euros in resources to keep 2 banks open

Milan-based Intesa can initially tap about 5.2 billion euros ($5.8 billion) to take on the assets without hurting its capital ratio. The rescue for customers and investors in the failing Veneto Banca and Banca Popolare di Vicenza produced a sigh of relief for other banks wary of having to shoulder the burden of their collapse.

Author: 0 Acquisition Of Whole Foods A Potentially Transformative Transaction For Amazon.com, Inc

Such a split would also allow Amazon to look past the high- and middle-income consumers that shop at Whole Foods and take a run at the USA grocery giant and its primary rival: Walmart. But the internet retailer isn't "stupid enough" to change Whole Foods' brand, Mackey told employees at Friday's gathering. It is famous for its willingness to lose money year after year due to low prices and big investments in the company, so long as it is vastly increasing the customer base.

Business Family of suspect in attack on London Muslims say they are devastated
Author: 0 Family of suspect in attack on London Muslims say they are devastated

Londoners bearing flowers and messages of solidarity gathered Monday at the site where Osborne ploughed the van he was driving into pedestrians. Locals in Osborne's home in Lisvane, a leafy suburb between Cardiff and Newport in South Wales, Osborne's life has been on a downward spiral for some time.

Business Amazon Said To Plan Cuts To Shed Whole Foods' Pricey Image
Author: 0 Amazon Said To Plan Cuts To Shed Whole Foods' Pricey Image

Still, if Amazon's deal for Whole Foods closes, that could mean Amazon ends up being a shareholder of Instacart . The grocer will continue to operate stores under the Whole Foods Market brand and John Mackey will remain as its chief executive officer, the companies said.

Business 'Like bombs': Bankrupt company's air bags still out there
Author: 0 'Like bombs': Bankrupt company's air bags still out there

At least 16 deaths and 180 injuries worldwide were linked to the faulty airbags. In its bankruptcy filing in the United States, Takata projected its liabilities at $10 billion to $50 billion, vastly more than it will have to give even after the infusion of cash from Key Safety Systems .

Business Slumping oil prices rein in stock indexes
Author: 0 Slumping oil prices rein in stock indexes

Oil has lost 20 percent in value this year as a global oversupply continues to weigh on prices despite efforts by major producers to reduce output. On the economic front, total existing home sales climbed 1.1 per cent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April, beating market consensus, according to the National Association of Realtors on Wednesday.

Business Bill Cosby's jury wants to hear accuser's testimony again
Author: 0 Bill Cosby's jury wants to hear accuser's testimony again

Then Uber board member and hedge fund partner David Bonderman resigned Tuesday night after making what he called an inappropriate remark about women at a company meeting. Jurors have spent a total of about 16 hours over two days discussing the case and going over evidence with the judge. They also requested further definition of the third count, which pertains to whether Cosby gave her a substance "without [her] knowledge" for the goal of "preventing resistance".

Business Supreme Court sides with same-sex couples in Arkansas suit
Author: 0 Supreme Court sides with same-sex couples in Arkansas suit

The state Department of Health said it will take information from same-sex couples who want to amend a birth certificate, but was waiting on guidance from the state's high court. "In an opinion that did not in any way seek to defy but rather earnestly engage Obergefell , the state supreme court agreed", Gorsuch continued. LGBTQ advocates celebrated the decision , declaring victory for same-sex couples who wish to be legally recognized as their children's parents.

Business Air bag recalls, lawsuits lead Takata to file for bankruptcy
Author: 0 Air bag recalls, lawsuits lead Takata to file for bankruptcy

The global recall, the biggest-ever faced by the auto industry, follows a number of fatal airbag inflator ruptures, which saw the auto parts maker in February plead guilty to a US felony charge related to the recalls. January, 2017 - Takata pleads plead guilty to US criminal wrongdoing, agrees to pay $1 billion fine. US lawmakers have criticized the pace of the recalls.

Business Canada nurse gets life for killing 8 people in her care
Author: 0 Canada nurse gets life for killing 8 people in her care

A judge has sentenced a former nurse to life behind bars for killing eight elderly people in her care. Toronto police were notified after she disclosed her crimes to a psychiatrist. "You can not blame yourselves", he said. Thomas described Wettlaufer's "free run" on her nine-year killing spree, with no oversight or even an inkling she had committed such calculated murders.

Business US Durable Goods Orders Fall 1.1% in May
Author: 0 US Durable Goods Orders Fall 1.1% in May

Orders for durable goods-products created to last at least three years, such as computers and industrial robots-decreased 1.1% from April to a seasonally adjusted $228.18 billion in May, the Commerce Department said Monday. Prices fell very early in the day and were little changed through lunch hour, as traders ignored economic data. The U.S. economy grew at an annual rate of 1.2 percent in the first quarter of this year, lower than the 2.1 percent growth in the previous quarter, according ...

Business Court refuses to hear gun cases
Author: 0 Court refuses to hear gun cases

Peruta's lawyers argued that the qualification for concealed carry rights effectively makes it impossible to carry a firearm for self defense in San Diego. He was given a suspended jail sentence and a year of probation, which he completed. Justice Thomas, who was joined by Justice Neil Gorsuch in his dissent , wrote that the lower court's ruling erred because it had narrowly considered only whether the regulatory concealed carry scheme established by a local sheriff was valid, not ...

Author: 0 Trump to welcome India's prime minister to White House

Trump said while running for office that H1-B visas "decimate" USA workers and keep down US wages. Ahead of his talks with Trump, Modi is also expected to meet with Secretary of State Rex Tillerson and Defense Secretary Jim Mattis as India eyes the purchase of more military equipment from the US.

Business HDFC Bank to organise GST workshops across India
Author: 0 HDFC Bank to organise GST workshops across India

That should help reduce the vast power India's myriad middlemen wield at state borders, free up internal trade, make it easier to do business and widen the country's tiny tax base. From now on, there will only be GST on three levels- central, state and integrated", said Naidu.Earlier, reports surfaced regarding the Opposition's plans to skip the special session on June 30, although no official confirmation has been received so far.Meanwhile, CPI (M) leader Sitaram Yechury confirmed that ...

Business Takata files for bankruptcy, to be bought by US-based firm
Author: 0 Takata files for bankruptcy, to be bought by US-based firm

But it added that it expected it will become hard to recover the majority of the claims. "We caused troubles for our supporters, those who cooperated with us and the creditors", Chairman Shigehisa Takada said at a news conference Monday where he bowed before the cameras.

Business Amtrak names former Delta executive as next CEO
Author: 0 Amtrak names former Delta executive as next CEO

To ensure a smooth transition, Anderson will serve in a co-CEO capacity with current CEO Wick Moorman through December 31, 2017, at which time Moorman will become an advisor to the company. The CEO of Amtrak is stepping down at the end of the year as the transportation agency has been criticized for the "Summer of Hell" that has caused delays and disruptions of rail traffic along the Northeast Corridor.

Business OH gas prices rise but stay lower than national average
Author: 0 OH gas prices rise but stay lower than national average

AAA spokesman Mark Jenkins said, "Oil prices moved even lower last week, dragging gas prices down with them". The national average stands nearly 6 cents per gallon lower than previous year and 11 cents less than a month ago. "It's incredible (that) we're staring at some of the cheapest prices of the year as the holiday comes into view", DeHaan said. People driving through Champaign are paying some of the lowest prices.

Business Beaten-down crude oil is tracking for a huge losing streak
Author: 0 Beaten-down crude oil is tracking for a huge losing streak

Brent crude futures were up 48 cents at $46.02 per barrel by 0836 GMT. Last week, crude oil futures officially entered a bear market. West African and European suppliers are already feeling the chill from China's reduced demand, and a global glut has dragged spot prices for crude last week to their lowest since November, 2016.

Business Warren Buffett's Berkshire Hathaway just made a big bet on real estate
Author: 0 Warren Buffett's Berkshire Hathaway just made a big bet on real estate

Store Capital Corp . of Scottsdale, Arizona, said Monday that Berkshire Hathaway Inc. of Omaha has invested $377 million in the company and now owns about 9.8 percent of its shares. Berkshire did not immediately respond to a request for comment. Store plans to use proceeds from the offering to buy properties, repay debt and other purposes.Berkshire's other investments tied to real estate include HomeServices of America, the second-largest US residential real estate brokerage, and Clayton ...

Business Liberal MP: 'same-sex marriage could happen sooner than you think'
Author: 0 Liberal MP: 'same-sex marriage could happen sooner than you think'

And again each time the topic emerges publicly, senior Government figures endorse the Coalition's policy for a plebiscite. Turnbull, a proponent of a costly public vote, or plebiscite on same-sex marriage, shot down rumours from within his own party that it may have changed its stance on allowing MPs to vote on the issue.

Business New study of Seattle's $15 minimum wage says it costs jobs
Author: 0 New study of Seattle's $15 minimum wage says it costs jobs

Seattle's minimum-wage law is boosting wages for a range of low-paid workers, but the law is causing those workers as a group to lose hours, and it's also costing jobs, according to the latest study on the measure voters passed in 2014. But this might not be data you can take to the bank. There is a cost beyond simple dollars and hours. "Raising the minimum wage helps ensure more people who live and work in Seattle can share in our city's success, and helps fight income ...

Business Co-op Bank halts sale on brink of £700m rescue
Author: 0 Co-op Bank halts sale on brink of £700m rescue

The lender said that the rescue plan would enable it to continue as a stand-alone entity and "safeguard the Bank's values and ethics". The bank, which put itself up for sale in February , almost collapsed in 2013 after losses from problem real estate loans and has been struggling to rebuild its financial health.

Author: 0 Shell Midstream Partners, LP (SHLX) Shares Bought by Driehaus Capital Management LLC

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. Therefore 43% are positive. Finally, US Capital Advisors cut shares of Rice Midstream Partners from a buy rating to a hold rating in a research report on Monday, June 19th. As per Friday, September 30, the company rating was initiated by Mizuho.

Business Scott Points To 'Breadth Of Knowledge' In Patronis Pick
Author: 0 Scott Points To 'Breadth Of Knowledge' In Patronis Pick

Scott chose Captain Anderson's, the Patronis family's Panama City eatery and a frequent campaign backdrop, to make the announcement. "Jimmy faithfully served Floridians in the Florida House of Representatives for four terms, and I was proud to appoint him to both the Constitution Revision Commission and the Public Service Commission".

Author: 0 U.S. passenger tried to open emergency exit mid-flight

KPRC reports the woman had been confronted by airport security in Los Angeles because she was yelling in the terminal, but she was still allowed onto the plane. She has not yet been identified by authorities. "We've been visiting Corpus Christi over that for four to five hours". Daniel Gonzales said on Twitter: "I'm on this flight!" The plane landed without incident and local officers met the jet at the gate "and removed the disruptive passenger", Southwest said in the statement.

Author: 0 Teen caught after fall from amusement park ride

The Sky Ride has been cleared operation by the New York State Department of Labor , however it will remain closed while the park does an internal review. The ride operator stopped the ride once notified that there was a problem. Loren Lent said his wife, daughter and two of her friends were on the ride at the time .

Business Federal agencies demand records from SeaWorld theme park
Author: 0 Federal agencies demand records from SeaWorld theme park

In the filing where SeaWorld disclosed the investigation , the company also revealed news about a more recent issue. SeaWorld is being investigated by two USA federal agencies who are inspecting public statements by executives, including comments on the documentary Blackfish , which led to a public uproar based on how killer whales were treated.

Business Over one million new Mobile Internet users added per day
Author: 0 Over one million new Mobile Internet users added per day

This will in turn account for 5 billion LTE subscriptions by 2022, up from 1.9 billion in 2016. Total traffic in North East Asia will be the highest at 15 billion GB per month, followed by North American mobile networks at 9.8 billion GB per month.

Business Jaguar announces new 300PS petrol engine for XE, XF and F-Pace
Author: 0 Jaguar announces new 300PS petrol engine for XE, XF and F-Pace

Packing 296 horsepower and 295 pound-feet of torque, this 2.0-liter I4 will send the F-Pace to 60 miles per hour in 5.7 seconds. The new engine is manufactured at the Engine Manufacturing Centre in Wolverhampton, UK. With the new engine, Jaguar claims fuel economy of 37mpg for the F-Pace, 40mpg for the XF and 41.5mpg for the XE. A 240PS 2.0-litre four-cylinder twin turbo diesel was also introduced.