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Suresh Prabhu Moves To Ministry Of Commerce

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During Shri Goyal's previous tenure, India became Power & Coal surplus for the first time ever. Suresh Prabhu on Sunday indicated that he was set to lose his Railway portfolio. The three new Ministers of State with independent charge are R.K. Singh (Power, New and Renewable Energy), Hardeep Puri (Housing and Urban Affairs) and K.J. Read More »

Marks and Spencer Group Plc

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It has underperformed by 6.34% the S&P500. They now have a GBP 260.00p price target on the stock. Investors sentiment decreased to 0.85 in Q4 2016. 483 were accumulated by Winch Advisory Service Ltd Co. On Monday, December 5 the stock rating was maintained by Beaufort Securities with "Buy". Peel Hunt now has a GBX 740.00 TP on the 2.33 billion GBP market cap company or 10.74% upside potential. Read More »

Rovio confirm plan for IPO on Helsinki NASDAQ

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Rovio, which started out by selling its games, was caught out as consumers gravitated to companies offering games under a so-called freemium model, in which players download the game for free and pay for additional features. According to Bloomberg , the firm is benefiting from a new strategy that places more focus on in-game purchasing and advertising instead of paid downloads. Read More »

A Decision on DACA is Imminent

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Another proposal from Florida Republican Rep. Carlos Curbelo has entirely Republican support and is expected to be introduced in a similar form in the Senate by North Carolina Republican Thom Tillis. Any action by the President to sunset DACA would put immediate pressure on Congress to act, something the White House and a senior congressional source recognize would be a challenge with many other pressing priorities at the moment, from Harvey relief to the debt ceiling to government spending. Read More »

Bitcoin slumps as China clamps down on digital tokens

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The ban means trading and usage of all cryptocurrencies, including bitcoin , could now be illegal in China. The SFC warns: "As digital tokens involved in ICOs are transacted or held on an anonymous basis, by their nature they pose inherent and significant money laundering and terrorist financing risks". Read More »

Hermes joins revolt at Sports Direct vote

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At the company's 2016 AGM last September, 53% of independent shareholders voted against Hellawell's re-election, but when all votes including Ashley's were cast, only 19% voted against. He added that the zero-hours contracts meant Sports Direct would find it easier to employ people like single mothers and students. Sports Direct's under-fire chairman, Keith Hellawell, has defended the retailer's decision not to shift temporary staff off zero-hours contracts, saying a "very large proportion" ... Read More »

Jeremy Kerley returns to Jets with one-year contract

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Before the Kerley signing, the Jets had seven wide receivers listed on their 53-man roster, with only Kearse and Robby Anderson having caught at least 20 National Football League passes. Despite his previous success , he was released before the start of the season. Jermaine Kearse , whom the Jets traded for this week, is the lone receiver on the roster with more than one year of experience. Read More »

Court orders Intel case review in blow to European Union antitrust regulators

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Intel appealed to the General Court, which specifically deals with complaints against other European Union institutions, on the basis that the fine was excessive and should be reduced or annulled. Intel was fined in 2009 when the Commission found that between 2002 and 2007, the company had offered incentives to computer makers Dell , Lenovo, HP and NEC if they bought all of their x86 microprocessors from Intel instead of a rival, AMD. Read More »

IDBI approaches SC to seek its intervention in Jaypee Infratech case

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Senior Supreme Court lawyer, Abhishek Manu Singhvi, counsel for the IDBI, mentioned this before the apex court three-judge bench, headed by Chief Justice of India (CJI) Dipak Misra . Under the Insolvency and Bankruptcy Code of 2016, flat buyers do not fall under the category of secured creditors like banks. The petition alleged that the action of the Ministries of Finance and Corporate Affairs of introducing Section 14 of the Code was "unjust, unfair and unreasonable" and violative of ... Read More »

Stock in Review: Hewlett Packard Enterprise Company (HPE)

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Palo Alto, California-based Hewlett Packard Enterprise (NYSE: HPE ) is set to report its Q3 earnings after the market close on the 5th of September. The price of the CTP acquisition was not disclosed, but the company had previously raised $34 million in funding. Additionally the company recently announced a dividend for shareholders to be paid on Wednesday the 4th of October 2017. Read More »

Scandal-hit Bell Pottinger hires BDO to advise on sale

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In addition to HSBC, Clydesdale Bank, the construction company Carillion, and United Kingdom broadband operator TalkTalk all revealed on Tuesday that they had stopped working with Bell Pottinger. That followed the resignation of chief executive James Henderson on Sunday in the wake of the company's own internal investigation into its PR campaign, which has been criticised for being racist and anti-white. Read More »

What to Expect From Oil & Gas After Hurricane Harvey

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Meanwhile, gasoline for October RBV7, -3 .53% slid 7 cents, or 4%, to $1.68 a gallon, after rallying last week when Hurricane Harvey hit the Texas and Louisiana coast and shut down around 25% of USA refining capacity due to severe flooding. Read More »

Scientists just invented a new form of chocolate

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It's time for dark , milk and white chocolate to step aside, scientists have invented a new chocolate. Global chocolate market volumes declined 1.5 percent in 2015 and 0.4 percent past year, according to Euromonitor. Consumers would also be able to buy the Ruby chocolate with different levels of fruitiness, according to the company's plan. Speaking to The Sun , chocolate expert and editor of industry bible Kennedy's Confection Angus Kennedy said, "Ruby chocolate is very different and ... Read More »

Ryanair make changes to cabin bag allowance to 'eliminate delays'

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Ryanair is ending its policy of allowing non-priority passengers to have two items of hand luggage. Budget airline Ryanair has announced that only priority boarding customers will be able to take two bags into the cabin from November - as part of a range of changes it hopes will "ease delays". Read More »

Forex - Dollar hit by concerns over North Korea, rates outlook

The dollar fell as much as 0.4 percent against the Swiss franc, another safe-haven currency, on the risks surrounding North Korea to a session low of 0.9545 franc. As a result, the yen has continued to behave as a safe-haven currency despite Japan's proximity to North Korea. Still, six forecast that rates would rise on Wednesday to 1.0 percent, with several changing their view after the strong second-quarter GDP data. Read More »

Banks, technology companies lead United States stocks lower

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Energy companies led the gainers as the price of crude oil headed higher. The blue-chip Dow Industrial Average closed down 1.1 percent at 21,753.31. Banks and technology companies fell more than the rest of the market Tuesday. The index on Tuesday fell 0.5%, hurt by geopolitical worries and a jump in the pound to a three-week high above $1.30. Read More »

Tronc to Buy New York Daily News

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Chicago-based Tronc, the newspaper chain that owns The Chicago Tribune , has struck a deal to buy The New York Daily News . The paper a year ago shared the Pulitzer Prize with ProPublica for public service after an investigation revealed a systemic abuse of an obscure civil enforcement law that ousted shop owners from their business and residents from their homes. Read More »

Charter Customer Data Left Sitting on an Open Server

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The files, more than 600 gigabytes in size, were discovered on August 24 without a password by researchers of Kromtech Security Center, the technology news website reported. To be on the safe side, though, Charter is recommending that MyTWC owners change their user names and passwords. Improperly securing data is just as bad if not worse because it was preventable. Read More »

Stevens Capital Management LP Has $10.19 Million Holdings in Schlumberger NV (SLB)

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Carnegie Capital Asset Management Llc increased Schlumberger Ltd ( SLB ) stake by 6.77% reported in 2016Q4 SEC filing. Rathbone Brothers Plc acquired 17,437 shares as Schlumberger Ltd Usd0.01 Common Stock (SLB)'s stock declined 11.04%. (NYSE:SLB) on Monday, April 25 with "Outperform" rating. The company was maintained on Thursday, January 12 by Imperial Capital. The ex-dividend date is Friday, September 1st. Read More »

Defense secretary quickly contradicts Trump over North Korea diplomacy

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Kim, however, made it clear earlier on Wednesday that there would be more ballistic tests in the wake of Tuesday's launch of an intermediate range missile, the first ballistic missile North Korea has fired over Japan. South Korea has said it wants to revise the agreement to increase the cap on the payload. Pyongyang has warned of more similar tests to come. "It sounds like Moon is saying , "We're going to have to talk to these guys" - which is true - and Trump is frustrated", Delury ... Read More »

Trump, Abe agree to strengthen pressure on North Korea

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With tensions surging, Moscow urged Washington not to use force against North Korea and also said attempts to toughen sanctions would be counterproductive. Park Su-hyun, spokesman of South Korean President Moon Jae-in, said the exercise was conducted after Moon directed the military to "display a strong capability to punish" the North, according to the AP. Read More »

Higher gas prices, rain will greet holiday travelers

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The Valero was selling regular gas at $2.59 a gallon Friday. According to AAA East Central, this week's national average price is the highest this year. "It will probably increase another ten, maybe even twenty cents here within the next week", Josh Carrasco, a spokesman for AAA said. "At the gas price level, we're seeing prices go up, because the supply is being shipped down". Read More »

Jewish Billionaire Donates 'Twice Chai' Millions to Help Houston

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From ordinary citizens grabbing their boats to aid rescue efforts to Hollywood celebrities and sports stars leading the donation effort , nationwide help has been sent to Texas. Michael Dell was born in 1965 in Houston, to a Jewish family that Anglicized its original Yiddish name, Thal, when it immigrated to the US. Department store chain Walmart pledged up to $20 million in cash, products and matching donations. Read More »