Business

Business Trump says he's considering top aide Gary Cohn for Fed chair
Author: 0 Trump says he's considering top aide Gary Cohn for Fed chair

But he said in April that he was open to the possibility of her serving another term. Former Fed governor Kevin Warsh, Glenn Hubbard, who served as chairman of the Council of Economic Advisers under President George W. Trump said he is considering "two or three" other candidates for the post, adding he probably wouldn't announce a nominee until the end of the year.

Business All-electric Mini to be built in United Kingdom from 2019
Author: 0 All-electric Mini to be built in United Kingdom from 2019

The MINI's electric drivetrain is still expected to be built at BMW's e-mobility centre at Plants Dingolfing and Landshut in Bavaria, but the engine will then be fully integrated into the auto in Oxford . The BMW Group now produces electrified models at 10 plants worldwide. "If required, we can increase production of electric drivetrain motor components quickly and efficiently, in line with market developments".

Business Wall Street adds to gains after Fed holds rates steady
Author: 0 Wall Street adds to gains after Fed holds rates steady

The trends in the Fed's key mandate data have been clear throughout the summer: incremental improvements in the labor market, along with an inflation rate that has been sinking lower and continues to fall well short of the Fed's long-run target.

Business Astrazeneca shares tumble on failed trial of cancer drug
Author: 0 Astrazeneca shares tumble on failed trial of cancer drug

AstraZeneca Chief Executive Pascal Soriot told reporters he did not believe the group was now more vulnerable, noting that positive data could have actually made it more desirable. In early trading on the stock market today , shares plunged 15.7% to 28.60. But Bristol-Myers Squibb , which is working on a similar combination to AstraZeneca's durva/treme cocktail, could be hit, according to Bernstein analyst Tim Anderson .

Business RBI stops printing Rs 2000 note, to release new Rs 200 note
Author: 0 RBI stops printing Rs 2000 note, to release new Rs 200 note

Meanwhile, the government has not responded to a question asked by the opposition leader Naresh Agarwal in Parliament on Wednesday, who wanted to know whether Rs 2000 notes will be scrapped. This enables the easy circulation of money in the country. This implies that approximately the Rs 500 notes amounting to Rs 7.85 trillion are been withdrawn from circulation after demonetization.

Business MidCaps Drop From Record as India's Sensex Closes Flat on Expiry
Author: 0 MidCaps Drop From Record as India's Sensex Closes Flat on Expiry

At 3.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) provisionally closed lower by 7.15 points or 0.07 per cent at 10,013.50 points. Both Sensex and Nifty were trading at a new life time high. The S&P BSE Metal index (up 1.71%), and Nifty Metal index (up 1.65) were the top sectoral gainers on BSE and NSE, rising almost 2%.

Business Kerala JD-U rebels against Nitish for aligning with BJP
Author: 0 Kerala JD-U rebels against Nitish for aligning with BJP

Yadav also criticised the BJP-led Central government today morning, giving enough hint that he was unhappy with the JD (U)-BJP tie-up. Kumar had resigned as Bihar's chief minister late Wednesday evening after his alliance partner Rastriya Janata Dal's chief Lalu Yadav said his son Tejashwi would not resign as the state's deputy chief minister despite being caught in a corruption scandal.

Business Lloyds still battling conduct issues with £1.5bn in charges
Author: 0 Lloyds still battling conduct issues with £1.5bn in charges

Following a review, Lloyds has made a decision to reimburse mortgage arrears fees and has taken actions to improve handling of customers in these areas. "There will always be redress costs, just like impairment losses". Lloyds has, on several occasions, insisted there would be no more bad news on PPI.

Business Disturbing Footage Emerges Of Tonight's Fatal Shooting At Central Station
Author: 0 Disturbing Footage Emerges Of Tonight's Fatal Shooting At Central Station

Police were called to the scene after reports of an armed robbery. Police have said the incident was not terrorism-related and appealed more people to come forward to testify. "That investigation will be subject to independent review and all information will be provided to the Coroner". "I'm not saying that's not bad, or that's good; at the end of the day he still held scissors up to a worker".

Author: 0 US New-Home Sales Edged Higher in June

Sales increased in the West and Midwest while there was a decline in the South and no change in the Northeast. "Although we saw modest gains this month, new-home sales have risen almost 11 percent since the start of 2017", said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in an NAHB Now update .

Business Did Lyft and Taco Bell Just Solve the Stoned Driving Dilemma?
Author: 0 Did Lyft and Taco Bell Just Solve the Stoned Driving Dilemma?

Eventually, they may be able to order their food through the Lyft app, so that it's ready when their ride arrives at Taco Bell . Taco Bell has a solution for Millennials with the munchies after a night on the town: Ask your Lyft driver to drive through one of its locations on the way home so you can pick up that Double Chalupa Box you're craving.

Business UN Chief Condemns Killing of Peacekeeper in Central African Republic
Author: 0 UN Chief Condemns Killing of Peacekeeper in Central African Republic

They reiterated that attacks against peacekeepers may constitute war crimes and reminded all parties of their obligations under worldwide humanitarian law. Since 2013, the Central African Republic has been mired in a civil conflict after clashes surged between the mainly Muslim Séléka rebel coalition and Anti-Balaka militias.

Business World oil prices exceed $51
Author: 0 World oil prices exceed $51

USA gasoline stockpiles increased by 1.9 million barrels last week, the API said Tuesday, according to people familiar with the data. The U.S. West Texas Intermediate crude September contract was at $48.39 a barrel by 10:35AM ET (1435GMT), up 50 cents, or around 1.1%.

Business Oil Tankers Association goes on countrywide strike
Author: 0 Oil Tankers Association goes on countrywide strike

The body further told the court that the association of oil tankers called for an unwarranted strike over strict action against oil tankers with regard to safety measures. Later, speaking to the media, Ogra spokesman Imran Ghaznavi invited the oil tanker owners to come to the table for another round of talks. "We will not allow it".

Business Snapdeal Closes deal with Axis bank to sell FreeCharge for $60 Million
Author: 0 Snapdeal Closes deal with Axis bank to sell FreeCharge for $60 Million

Earlier, we had reported that Axis Bank was among the frontrunners for the acquisition of the online payments platform from troubled eCommerce marketplace Snapdeal. For Axis Bank, the acquisition will give it a good chance to have a strong play in the consumer focussed digital payments space. FreeCharge, much like Snapdeal, has been in a free fall since late previous year as the company was unable to keep up with rivals like the cash rich Paytm.

Business Samsung reports record $9.7 billion profit, buoyed by a 'memory super cycle'
Author: 0 Samsung reports record $9.7 billion profit, buoyed by a 'memory super cycle'

Have you read Trendiee Today? "The company's strategic model going against Apple Inc's iPhone 8 and Samsung Electronics' Galaxy Note 8 in the second half of 2017 is expected to fall short, making it hard for mobile revenue growth". It has also been buffeted by a scandal that has seen vice-chairman and heir Lee Jae-Yong charged in connection with the sprawling corruption scandal that brought down South Korean president Park Geun-Hye.

Business HTC unveils Vive Standalone, an all-in-one VR headset
Author: 0 HTC unveils Vive Standalone, an all-in-one VR headset

The Chinese variant of the standalone headset is powered by a Qualcomm Snapdragon 835 processor which is more than capable enough of powering decent VR experiences as we found out when we went hands-on with Qualcomm's standalone VR headset in 2016.

Business Ford earnings top Wall Street expectations; raises full-year forecast
Author: 0 Ford earnings top Wall Street expectations; raises full-year forecast

Additionally, Ford has also upgraded its earnings forecasts for the full year, now estimated between US$1.65 to US$1.85 per share. Last year Ford reported a record pre-tax profit of $10.4bn. Adjusted earnings per share were 56 cents, above FactSet's earnings consensus for 43 cents per share. Shares were down over two per cent. The auto maker reported revenue of US$39.9bn, above expectations for US$37.1bn, and earnings came in at 56 USA cents per share compared to the consensus of 43 U.S.

Business The Brokerages Anticipate Coca-Cola Company (The) (KO) to Announce $0.58 EPS
Author: 0 The Brokerages Anticipate Coca-Cola Company (The) (KO) to Announce $0.58 EPS

The company has a 50 day moving average of $45.02 and a 200-day moving average of $43.17. The Coca-Cola Company (KO) now trades with a market capitalization of $192.39 Billion. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. The biggest institutional shareholders in Coca-Cola Company (The) include Berkshire Hathaway Inc which owns 400 million shares in the company valued at $16.98 B million.

Business Lobby groups and analysts cautious over UK GDP figures
Author: 0 Lobby groups and analysts cautious over UK GDP figures

The U.K. economy expanded at a faster pace from April to June compared with the first three months of the year, but the annual pace slowed. Two days ago the International Monetary Fund downgraded its forecast for the United Kingdom economy, calling its performance "tepid" however in early morning trading, the pound crept up against the dollar and euro, indicating a predicted growth in GDP .

Business Elon Musk dissapears a Model S underground, into a Boring tunnel
Author: 0 Elon Musk dissapears a Model S underground, into a Boring tunnel

But looks like AI might have blown that cover and brought in two chief executives- Elon Musk and Mark Zuckerberg in the spotlight. The founder of Tesla and SpaceX Elon Musk and founder of Facebook mark Zuckerberg cannot get enough regarding the pros and cons of artificial intelligence in the future.

Author: 0 IPhone 9 Comes With Its Own OLED Technology

Over the years, Apple has been seen as more bent on using a wide range of suppliers for various iPhone components. But since the fall is usually new iPhone time and July is nearly over, many people are wondering when the iPhone 8 event might arrive.

Author: 0 AU Optronics Corp (NYSE:AUO) Receives Consensus Rating of "Hold" from Brokerages

Finally, Zacks Investment Research lowered AU Optronics Corp from a "buy" rating to a "hold" rating in a report on Tuesday, June 27th. Au Optronics Corp (NYSE:AUO) shares traded on -5.5% down secure line and closed at $3.95. A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.