Business

Business Air Berlin files for insolvency
Author: 0 Air Berlin files for insolvency

The Gulf-based company said the development was "extremely disappointing" especially as it had provided extensive support to Air Berlin over the last six years, notably with a €250m (£227m) cash injection in April this year. "However, Air Berlin's business has deteriorated at an unprecedented pace, preventing it from overcoming its significant challenges and from implementing alternative strategic solutions".

Business July furniture store sales jump 5
Author: 0 July furniture store sales jump 5

There was a 0.3% increase in food and drinking places with the June data also revised to show a 0.3% increase which will boost confidence in discretionary spending. Consumer spending is by far the largest source of USA economic activity. The dollar.DXY was stronger against a basket of currencies. In April, sales increased 1.1 percent.

Business Warren Buffett Dumps Struggling General Electric Company (GE)
Author: 0 Warren Buffett Dumps Struggling General Electric Company (GE)

Buffett's financial moves are closely watched by Wall Street. Berkshire had previously held 10.4 million shares in the U.S. industrial giant, according to earlier securities filings. Shares in GE dipped 0.4 percent in after-hours trading to $25.27, while Synchrony rose 4.4 percent to $30.95. The firm owned about 10.6 million shares in the company.

Business Home Depot Inc (NYSE:HD) Stake Increased by Webster Bank NA
Author: 0 Home Depot Inc (NYSE:HD) Stake Increased by Webster Bank NA

If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. In related news, CEO Craig A. Menear sold 90,661 shares of the company's stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total value of $1,095,920.00.

Business German growth slightly slower than expected in Q2
Author: 0 German growth slightly slower than expected in Q2

Germany, the euro-zone's locomotive, saw its economic output rise by 0.6%, slightly below 0.7% expected. The economy expanded 2.1 percent from a year earlier. "The development of foreign trade, however, had a downward effect on growth because the price-adjusted quarter-on-quarter increase in imports was considerably larger than that of exports".

Business German growth robust, but unimpressive
Author: 0 German growth robust, but unimpressive

Moreover, the first quarter growth was revised up to 0.7% from 0.6%. This was slightly weaker than the consensus forecast of 0.7% in a Reuters poll. "With today's strong growth data, it will be hard for any opposition party to pick out the economy as a main theme for the final stage of the election campaign", said Brzeski.

Author: 0 Dramatic Olivier Giroud winner as season explodes into life

But he has to take his share of the blame for Leicester's first goal after leaving his post when Arsenal had failed to deal with a corner. The fear for Arsenal fans is that they deserve so much more than they are getting from the club and there might not be further investment.

Business Gas Prices Up to Start the Week
Author: 0 Gas Prices Up to Start the Week

Austin- $2.12/g, down 1.1 cents per gallon from last week's $2.13/g. Prices in Kenton were up slightly as well this week. Midland Odessa- $2.18/g, flat from last week's $2.18/g. Prices rose by two cents a gallon in five states: Arizona, Oregon, North Carolina, North Dakota and Iowa. "Although we're still experiencing relatively affordable gas prices across Kansas, compared to the national average and compared to recent years, strong gasoline demand has driven our continued increase in ...

Business Amazon shuts down Lovefilm DVD rentals in Europe
Author: 0 Amazon shuts down Lovefilm DVD rentals in Europe

With Lovefilm's streaming side folded into the Amazon Instant Video service, the end of physical rentals marks the demise of Lovefilm. Amazon is shutting down Lovefilm by Post six years after acquisition. The service, Lovefilm, was acquired by Amazon in 2011, and does not operate anywhere else in the world, according to Variety . Today, Amazon is hammering another nail into the coffin of DVDs with the closure of its "Lovefilm by Post" business.

Business Top US general says it's Trump's decision whether to strike N. Korea
Author: 0 Top US general says it's Trump's decision whether to strike N. Korea

A tweet from the joint chiefs on Sunday showed him arriving at Yokota Air Base in Japan . The statement on the North's state-run Korean Central News Agency said the army's strategic force would complete the plan to "envelop Guam" with missile strikes by mid-August, then convey it to leader Kim Jong Un and await his order.

Business Spy satellites spot North Korea moving mobile missile launcher amid Guam threat
Author: 0 Spy satellites spot North Korea moving mobile missile launcher amid Guam threat

Senator Lindsey Graham of SC said Mr Trump had "basically drawn a red line" and declared he was not going to just "contain the threat". But how do President Trump's comments compare to other presidents? Asked if USA forces would lead a military operation in the country, Trump replied: "We don't talk about it but a military operation - a military option - is certainly something that we could pursue".

Business VF Corporation to buy Williamson-Dickie Mfg for $820m
Author: 0 VF Corporation to buy Williamson-Dickie Mfg for $820m

Fort Worth, Texas-based Williamson-Dickie has been a leader in the workwear business for nearly 100 years and has annual sales of $875 million. As Fortune reports, the company "has been working to update its portfolio in recent years but [has] frustrated investors by the absence of a major deal".

Business Trump to seek trade probe of China amid North Korea tensions
Author: 0 Trump to seek trade probe of China amid North Korea tensions

Landing a blow against China would also be more complicated if the US chooses to target sectors where the countries are connected along global supply chains, which make up a most of their bilateral trade. Even if the Trump administration "does decide to impose tariffs on steel and aluminum, the most widely discussed measures, the impact on China's growth would likely be limited because they make up only a sliver of China's exports and GDP", Chen wrote in a recent note.

Business Suspension of Uber 'cruel and absurd' - Poe
Author: 0 Suspension of Uber 'cruel and absurd' - Poe

CNBC reached out to Grab, an Asia-based Uber rival, asking if its operations in the Philippines will also be affected, but did not immediately hear back. The decision to suspend Uber's operations came amid an ongoing dispute between the LTFRB and ride-hailing services. A five-page LTFRB suspension order made available on Tuesday said the suspension was due to the "irresponsible" behavior of Uber in "unduly challenging the limit of fair regulation" by continuing to accept driver applications.

Business World shares rebound as North Korea-related selling abates
Author: 0 World shares rebound as North Korea-related selling abates

Japan's Nikkei 225 stock index dipped 0.8 percent to 19,564.98 on selling of shares in export manufacturers whose profits would be hurt by a stronger yen. That news helped ease investor worries about the risk of a conflict between the United States and North Korea, improving sentiment toward riskier assets.

Business World's largest thermal power plant to create thousands of SA jobs
Author: 0 World's largest thermal power plant to create thousands of SA jobs

The government only needs up to 125MW of energy and the new plant will be able to supply other consumers. Jay Weatherill, South Australian Premier, said about the power plant that it is "the biggest of its kind in the world". The design is inspired by a solar thermal plant already running in the US state of Nevada. The power plant slated for Port Augusta in South Australia is based on the same design, with solar energy focused by arrays of heliostats onto a central tower where molten salt ...

Business Safe-haven currencies rally as US-North Korea tensions escalate
Author: 0 Safe-haven currencies rally as US-North Korea tensions escalate

South Korea's KOSPI fell 1,8 percent to a low of almost 12 weeks, but its losses for the week are a relatively modest 3,2 percent. The North Korean leadership is claiming that within the next month it will demonstrate its nuclear arsenal by firing missiles around the waters surrounding Guam, a strategic US territory and military complex in the Pacific due south of Japan and South Korea.

Business Global Markets, Dollar Rally As North Korea Blinks
Author: 0 Global Markets, Dollar Rally As North Korea Blinks

Investors were less fearful of threats from North Korea on Monday and US stocks closed mostly in the green. Hong Kong's Hang Seng added 1.4 percent to 27,250.23, while the Shanghai Composite was up 0.8 percent at 3,262.54. island territory of Guam. In Australia, the S&P/ASX 200 climbed 0.51%, with the broader index driven by gains in the information technology and energy sub-indexes.

Business Enable Midstream Partners LP
Author: 0 Enable Midstream Partners LP

The pipeline company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Solaris Asset Mngmt Ltd Liability invested 0.51% in Magellan Midstream Partners, L.P. It is negative, as 22 investors sold EQM shares while 55 reduced holdings. 41 funds opened positions while 127 raised stakes. Commonwealth Of Pennsylvania Public School Empls Retrmt System has 0.93% invested in EQT Midstream Partners LP (NYSE:EQM).

Business Goodbye to London's Garden Bridge
Author: 0 Goodbye to London's Garden Bridge

Mr Johnson angrily hit out at the decision, saying: 'So sad Sadiq Khan has killed Garden Bridge and wasted so much time and money. But at least the taxpayer has been spared a continuing cost that might have run into further millions, and a folly that would have stood for all that was worst about the chumocracy years of the Cameron era.

Business Target (TGT) Acquires Delivery Tech Company Grand Junction
Author: 0 Target (TGT) Acquires Delivery Tech Company Grand Junction

This acquisition builds on Target's increasing efforts to deliver products faster to consumers in order to compete with Amazon.com ( AMZN - Free Report ) and Walmart ( WMT - Free Report). Arthur Valdez, Target's executive vice president, chief supply chain and logistics officer, said in the blog that the Grand Junction acquisition is part of the company's supply chain and logistics transformation process, enabling greater speed and convenience and new offerings for customers.

Business Korean tensions keep yen near eight-week highs
Author: 0 Korean tensions keep yen near eight-week highs

Greg McKenna, an analyst at AxiTrader, said the data could bolster the Federal Reserve's plan to start winding in its multi-trillion-dollar bond holdings balance sheet, expected to be announced next month. The Canadian dollar was trading at an average price of 78.71 cents United States, down 0.12 of a cent. Trump warned North Korea again on Thursday not to strike Guam or USA allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been ...

Business Tesla Inc. (TSLA) Stock Price Up 6.5% on Better-Than-Expected Earnings
Author: 0 Tesla Inc. (TSLA) Stock Price Up 6.5% on Better-Than-Expected Earnings

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Finally, Acropolis Investment Management LLC purchased a new position in shares of Tesla during the second quarter worth about $122,000. While looking at the Stock's Performance, Tesla Motors, Inc. now shows a Weekly Performance of 0.27%, where Monthly Performance is 10.66%, Quarterly performance is 10.18%, 6 Months performance is 32.92% and yearly performance percentage is 59.12%.