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CAT 1st Quarter Numbers Down from a year ago

Caterpillar now expects 2016 earnings per share at US$3.00, or US$3.70 per share excluding restructuring costs. Excluding restructuring costs, the company earned 67 cents a share. The Peoria, Illinois-based company said the main reason for the incre...

EDF secures state-backed finance deal ahead of Hinkley Point decision

John Sauven, Greenpeace UK executive director, said: "The only way Hinkley can be kept alive is on the life support machine of state aid". Hinkley would be the first nuclear power plant to be built in Britain in two decades. The admission from the ...

It's on ... Amazon's stand-alone streaming targets Netflix

That company has more than 75 million worldwide subscribers to its streaming services. However, as of May, they were supposed to start paying the extra buck or two . Netflix isn't forecasting the same tremendous subscriber growth that it saw last...

How the Dow Jones industrial average fared on Wednesday

Energy.SPNY was up 1.51 percent. NICE DRIVE: General Motors rose 2.3 percent after the automaker said its profit more than doubled, thanks partly to strong demand in North America. The Nasdaq Composite (INDEXNASDAQ:.IXIC) added 21.8 points to clo...

One-time star in solar energy, SunEdison seeks protection

CEO Ahmad Chatila commented: "Our decision to initiate a court-supervised restructuring was a hard but important step to address our immediate liquidity issues". TerraForm Global has sued its parent company over a power deal in India that collaps...

Kuwait oil unions end 3-day strike over government cutbacks

USA crude futures for May settled at 3.27 percent higher, at $41.08, a new high for this year. Brent futures were down 77 cents at $43.26 a barrel at 1046 GMT (5:46 a.m. Meanwhile, average earnings including bonus' are expected to have risen by 2...

Yahoo deterioration deepens as company mulls possible sale

Gross revenue for the quarter was $1.09 billion, down from $1.23 billion year-over-year (YoY). Yahoo expects the second quarter will be even worse, with at least a 12 percent decline in sales from a year ago. The earnings report released by Yaho...

Giuliani says he's endorsing Trump as president

If no one gets 50 percent, the top vote-getter garners two, the runner-up one. Trump will 25 delegates for getting the most votes in the 1st and 2nd districts in the St. And this time size really matters: The margin of Trump's win will be hug...

Trump casts ballot in NY primary

Bush's " brain " - predicts Trump will land 90 of New York's delegates , a result the insurgent candidate surely would be very happy with. "I think our rules allow us to take into account the will of the voters and also support those who work ...

UnitedHealth to trim ACA exchanges to 'handful' of states

It now sells policies on exchanges in 34 states in the US, although not necessarily in every county in each. Current enrollees in UnitedHealth's individual insurance plans in Missouri will be notified of the change at least 180 days prior to to Jan...

Delta drops fee for tickets bought on phone and at airports

The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta , GA. Delta's 1Q16 Earnings Are In, but What Do We Make of Them? The company's shares performance for the last one month was 1.53% and 5.87% in the previo...

Still need more time? How to file a tax extension

Forms like Schedule K-1, for instance, which shows income from partnerships, are habitually tardy and are becoming more common as more people invest through partnerships. If you owe money , you still have to pony up by April 18 or face penalties a...

Tesla Model 3 Orders Hit 325000 In One Week

Online reservations opened shortly after. People who want to buy the new electric auto can pay $1000 to make the reservation. Once the unveiling was complete, and the company started taking pre-orders the numbers got bigger. The Model S and Model X...

Taiwan to send delegation to China to discuss deportations

They were part of a group of Taiwanese nationals arrested in Malaysia and deported to Taiwan. They were deported from Malaysia Friday evening. The official spoke on condition of anonymity because he wasn't authorized to speak to the media. Taiwan's g...

US official says no access to US financial system for Iran

It has been well advertised by the Kremlin, that upon lifting of the sanctions against Iran by world powers, Russian Federation is primed to sell lots of sophisticated weapons to the Islamic Republic, once they are flush with $150 billion.

US official says no access to US financial system for Iran

It has been well advertised by the Kremlin, that upon lifting of the sanctions against Iran by world powers, Russian Federation is primed to sell lots of sophisticated weapons to the Islamic Republic, once they are flush with $150 billion.

California unemployment rate decreases to 5.4 percent

The Illinois Department of Employment Security has announced that Illinois' unemployment rate has slightly risen to 6.5 percent. In a year-over-year comparison (March 2015 to March 2016), nonfarm payroll employment in California increased by 420,80...

MARKET & ECONOMICSUS industrial production falls more than expected in March

The latest data follows annual revisions made earlier this month, which downgraded the production index and capacity utilization from February's initial readings. The recent raft of disappointing economic news has weighed on consumers' minds, with on...

Russia rejects criticism of fly-by near US Navy destroyer

Some military analysts say they believe the Russian maneuver may have come out of the Kremlin's resentment of a US warship being so close to Russian territory. They said the maneuvers happened at the distance of about ten meters, while U.S.offici...

Clinton's judgement, Sanders' Wall Street plan questioned in NY debate

A strong win for Clinton in NY would effectively push back against the momentum his campaign has generated over the past few weeks. As the two-hour debate ended, social media analyst Brandwatch said Sanders had more than 173,000 mentions on Tw...

Verizon Workers Go on Strike Amid Contract Dispute

Rogers, president of the Newport News-based Local 2205 chapter of Communication Workers of America. Verizon has said health care issues for retirees and current workers must be addressed due to rising medical costs. "We're kind of stuck, waiting to...

BP faces shareholder discontent over CEO's $20M pay pack

Some 59.11 percent of shareholders voted against the pay in a stark contrast with previous years when over 80 percent and sometimes as many as 90 percent voted in favour of high pay packages. To put that into some form of perspective, Chief Financial...

US producer prices fall 0.1 percent in March

On an annual basis, the pace of consumer price growth slowed to 0.9% in March from 1.0 in February, and the pace of core price growth edged down to 2.2% from 2.3%. "The weaker dollar has slowed the drop in goods prices, the tight market is boosting r...

Bakery charges women 79 cents on a dollar for Equal Pay Day

The average woman with a graduate degree earns an annual $5,000 less than the average man with a bachelor's degree. The data come from San Francisco-based Hired, an online service that matches job-seekers with companies looking to hire.

Summer Gas Prices Will Be Lowest Seen Since 2004

USA crude oil traded down 82 cents or 1.9 percent early Wednesday to $41.35 per barrel. "As of August, Canada provided 45 percent of all crude oil imports to the United States, nearly three times as much as all Persian Gulf countries combined", acc...

Benzema will miss Euro 2016 due to ban

Once it was handed down, Benzema wrote in French, "Unfortunately for me and for those who always supported me..." "The ability of players to work towards unity, in and around the group, setting an example and the preservation of the group are also ...

Tesla Model 3's first week: 325000 orders

Tesla claims that even in its most basic form, the Model 3 will hit 62mph from a standstill in under six seconds, with an estimated range of 215 miles on a single charge. That remains Musk's most interesting challenge in the considerable run-up lea...

Retail sales fall below expectations

Sustained gains in consumer spending, the biggest part of the economy, are needed at a time exports are still depressed by cooling global markets and USA manufacturing is barely emerging from a slump. Business inventories in the USA saw a modest decr...

Fitch downgrades Saudi Arabia ratings to AA-minus from AA

The downgrade comes less than two months after another rating agency Standard & Poor's cut the country's credit rating in mid February. The preceding years, Saudi Arabia had posted a surplus. These include GDP per capita and World Bank measures of go...

Tesla Model 3 Spotted Driving Around In Public

The first week pre-orders now correspond to $14 billion in implied future sales, making it "the single biggest one-week launch of any product ever". While the pre-orders speak volumes about the popularity of Tesla, it also raises concerns about the...

Tesla tops 325000 reservations for the Model 3

Tesla Motors, the silicon valley based electric auto maker, that revealed the Tesla Model 3 prototype last week has received over 3.25 lakh bookings within a week's time . Less costly Model 3 will test Tesla's shift to full-fledged automakerMusk...

Crude oil futures rise as United States drilling falls to 2009 lows

The oil market has been in contango for some time where the future price of the commodity is higher than the spot price. Latin American countries meeting in Quito Friday called for producers to take necessary steps at the Doha meeting to stabilize ...

Manny Pacquiao unanimously outpoints Timothy Bradley

Bradley landed occasionally but it was Pacquiao who did the most damage, landing a straight left that caught his American rival flush on the chin in the second round. Many people believe that Pacquiao should have been given the decision in that fight...

Tesla Fails To Deliver Enough Model X Cars In Q1, Blames 'Hubris'

Despite the lower-than-forecast delivery count, Tesla reaffirmed its commitment to delivering 80,000-90,000 vehicles for the full year. The smaller mid-priced electric sedan unveiled at an official event on March 31 has since garnered more than 276...

Tesla Model 3 Price, Release Date, Pre-Orders, Photos

Tesla has finally taken the wraps off its first mainstream electric auto, the Tesla Model 3. Tesla's newest sedan is also created to seat five adults in comfort and the roof is, as Musk describes it, "One continuous pane of glass" giving it more spac...

Tesla attracts the masses with Model 3, logs 276000 reservations

In an official statement, Tesla blamed the low production numbers on "hubris" and the shortage of some critical parts. Furthermore, the carmaker says lessons learned from this Model X parts setback mean the same problems will not be repeated when...

After Primaries, A Bleak Election Landscape For Donald Trump

Trump's best chance to win delegates in Colorado is the 3rd Congressional District convention, where one of his top volunteer organizers, Becky Mizel, is rallying support in Pueblo. If Trump fails to clinch on the first ballot (a scenario that's a ...

Space station getting inflatable room, a cosmic 1st

NASA officials have reported these exact words, "American astronaut Jeff Williams of NASA and cosmonauts Oleg Skripochka and Aleksey Ovchinin of Russia's Federal Space Agency (Roscosmos) launched toward the space station at 5:26 p. NASA was dev...

Mumbai Indians Look Most Settled Side in IPL 2016: Sangakkara

Mumbai, April 8 After veteran pacer Lasith Malinga was ruled out of the first half of Indian Premier League (IPL), Mumbai Indians' bowling coach Shane Bond said on Friday his side has enough depth in their bowling line-up and adequate replacement of ...

SpaceX back in delivery business with futuristic pop-up room

The mission's primary goal is to test and demonstrate the efficacy of inflatable habitat technology. The private spaceflight company will also try again to land the spent first stage of its rocket on a drone ship in the Atlantic Ocean. Eastern. I...

OCBC To Buy Barclays' Asian Wealth Management Unit For $320M

Asia's growing wealth has attracted Swiss and US lenders to Singapore , seeking business in serving rich individuals. "Price paid is also on the reasonable side, although we don't yet have visibility of exactly what they are getting". A DBS spokesma...

Why Did the Reserve Bank of India Cut Interest Rates?

When it last reviewed its policy in February, the RBI kept rates unchanged. In all, the RBI reduced by repo rate by 1.25 percent in 2015, but it has been frustrated by commercial banks failure to pass on the full benefits to the wider economy.

Tesla unveils much-anticipated, $35K Model 3 electric car

All those reservations were sight-unseen and yet, Tesla CEO Elon Musk announced that the company already had a staggering 115,000 Model 3 reservations with deposits and they are still coming in. Considering the company posted a net loss of $889m (...

Car maker Tesla unveils lowest-priced electric vehicle

Tesla's Model 3 may be the cheapest vehicle in its portfolio, but prices start from $35,000, which is approximately Rs 23 lakhs. According to Tesla figures, the Model 3 can go up to 346km on one single charge and has supercharging that recharges th...

Verizon reportedly planning bid for Yahoo next week, Google considering too

Verizon values Yahoo's core business at less than $8 billion, it said. Yahoo's representative wasn't immediately available for comment. Some suitors have decided against a bid, including AT&T; (T - Analyst Report), Comcast (CMCSA - Analyst...

Ukraine leader defends himself in offshore account leaks

Mr Sharif, who is believed to be a billionaire twice over, is now being probed by Transparency International as a result of the leaked documents. ICIJ states: Controversy has long engulfed Pakistan Prime Minister Nawaz Sharif's family, including th...

UConn rolls to 4th consecutive national title behind Stewart

Last night, the UConn women's basketball team won its fourth straight NCAA Championship by defeating the Syracuse Orange. Connecticut's Gabby Williams (15) intercepts a pass intended for Syracuse's Briana Day during the first half of the NCAA women...

Samsung estimates 7.5 per cent gain in 1Q operating profit

The Galaxy S7 and S7 Edge smartphones have received improved ratings after Samsung included the expandable storage and water-resistance features in these phone, which were absent in its predecessors. Sales of the Galaxy S7 and Galaxy S7 are exp...

'Panama Papers' law firm says 'hacked by servers abroad'

Credit Suisse chief executive Tidjane Thiam said: "We do not condone structures for tax avoidance". "United Kingdom banking giant HSBC said it was working closely with authorities to combat financial crime and has put sanctions in place.on sanction...

Four-Peat: UConn beats 'Cuse for 4th straight national title

It was an unceremonious end to Syracuse's best season. Stewart put up 24 points and had 10 rebounds and six assists. After winning the opening tip by a hands-length over Briana Day, she never relented her stranglehold on the last game of her illustri...

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Breaking News

Investors take fright at rising chances of Trump US election win

Most Asian stocks struggled higher on Monday but investors were rattled by news that the Federal Bureau of Investigation is planning to review more emails related to Democratic pr...

Baylor sexual assault scandal: Police reports not shared, new policies delayed

In a closed-door meeting before Briles was sacked , he tearfully said he "delegated down, and I know that I shouldn't have" but didn't admit specific wrongdoing, regents told the...

FY2016 EPS Estimates for Marathon Petroleum Corp. Decreased by Analyst (MPC)

Bartlett Lc holds 0% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 782 shares. Marathon Petroleum Corp (NYSE:MPC) announced the earnings results for Fiscal Year 2016...

Mourinho charged by FA for 2nd time in a week

Only last Thursday Mourinho was charged with misconduct over comments about referee Anthony Taylor ahead of United's goalless draw against arch-rivals Liverpool. Mourinho felt Jon ...

New solar tiles from Tesla

My favourite is certainly the Smooth Glass Tile modern look which is flat and actually shows as opaque from the street, but the angle to the sun is transparent, allowing the sola...

AT&T; Set To Take Over Time Warner for Close to $86bn

And secondly, whether AT&T; will favour its own content over others that it's carrying. AT&T; has been keen to add more content and original programming as it gears up to launch ...

Opec, non-members discuss production cuts

Moreover, he expressed his appreciation of the agreements on oil output freeze reached in Algeria, opening remarks, published on the official OPEC website following meeting of the ...

GOP wants new numbers on ObamaCare subsidies after premium hikes

Recently, it was confirmed by the US administration that the premium for affording healthcare insurance under President Obama's signature Affordable Care Act, more commonly referr...

Saints' Unger valued in New Orleans, missed in Seattle

Salk remembers Unger, a veteran with lifelong ties to the Pacific Northwest, looking and sounding miserable over the trade. "I'll take a peek at him", Strief said. Brandin Cooks ...

BAT offers to buy Reynolds in $47 billion tobacco deal

The cash-and-shares offer would see BAT purchase the 57.8-percent of Reynolds American that it does not already own. It added that current Reynolds shareholders other than BAT ...

Special Reports

Macau Stocks Rise Despite China Arrests

Macau Stocks Rise Despite China Arrests

It is understood the visiting executive Jason O'Connor, who heads up Crown's VIP International Team as well as the vast majority of Crown's China based employees, has been arrested...

Athletes to Trump: That's not how our locker room talks

Athletes to Trump: That's not how our locker room talks

Donald Trump's bragging teaches young men that they can get away with it-and your silence means you stood by and watched. Count LeBron James among those that don't agree with Tr...

UK PM offers MPs Brexit scrutiny

The process will take up to two years, involving complex debates about issues such as immigration and access to the European single market. The pound rebounded slightly on Wednes...

Yahoo's Email Hack Could Cause Verizon To Abandon $4.8 Billion Deal

Yahoo's Email Hack Could Cause Verizon To Abandon $4.8 Billion Deal

Yahoo agreed in July to sell its core assets to Verizon for $4.8 billion, ending a 20-year run as an independent company for the internet pioneer. The Times, quoting an unnamed...

Eagles tackle Lane Johnson hit with 10-game suspension

Eagles tackle Lane Johnson hit with 10-game suspension

As for Johnson, he is now forced to stay away from the NovaCare Complex for the next 10 week. The only reason that Eagles' lineman Lane Johnson has been playing this year is ...