Economy Retail sales slip on falling gas prices; key measure rises For February, retail sales excluding those of automobiles was also down 0.1%, versus a -0.2% estimate and a revised -0.4% from the month before. Household spending, which makes up about 70 percent of the economy, may accelerate in the first three months of this year, according to economists' projections as of March 14. Chinese woman dies in elevator with power improperly cut off Along with this, the building has two elevator cars, so it is assumed that other residents would naturally focus their attention on the operating vehicle during that time and would pay little attention to the broken one. A number of people are said to have been arrested in connection with the incident. It seems that China is regularly plagued by safety accidents as safety regulations and standards are often not followed and enforcement is not consistent, sometimes due to corruption, ... New Jersey Senate president fights Gov. Christie's Supreme Court nominee The governor told a reporter "permission denied" when he sought to ask about something unrelated to the nomination of a state judge to the top court. Murray said Wednesday that Sweeney "is clearly on defense and flailing" about why he is once again refusing to give Bauman a hearing, "offering four different excuses in 24 hours for why he is abandoning his constitutional duty, including this canard". Samsonite to buy USA luxury baggage maker Tumi for $1.8B For Samsonite, the world's biggest travel luggage company, the deal gives it a bigger slice of the top tier of the market. Premium rival Tumi has about 2,000 distribution points across 75 countries, and the firm saw net sales increased by 4% year-on-year in 2015 to $548m. Tomic hits back for Australia after Isner win The tie is well poised heading into Saturday's pivotal doubles rubber with the Americans looking to edge ahead through the Bryan brothers, Bob and Mike, against a yet-to-be determined Australian combination. "Bernie stepped up. It's never easy after going down 1-0", Australia team captain Lleyton Hewitt said courtside. "But on the flip-side, maybe not so much". Uber, Ola Launch Motorbike-Hailing Services In Bangalore The service will have the standard features of a cab ride, including driver details, Global Positioning System tracking and sharing trip details with friends. Two-wheelers are the most popular form of transport in many of India's traffic-clogged cities, but schemes to rent a bike and driver by the kilometer are rare. Fed survey finds stronger home sales, weaker exports Consumer spending rose in most Fed districts, and labor markets continued to improve, according to the Fed's Beige Book. Kansas City, a region hurt by weakness in energy and farming, reported a modest decline. Manufacturing contacts in eight districts - Boston, Philadelphia, Cleveland, Chicago, St. Louis, Kansas City, Dallas and San Francisco - all reported "significant headwinds" due to weak demand from energy companies. Even as gasoline prices rise, drivers will save at the pump The Charleston-North Charleston area reported the highest average gas prices statewide at $1.59 a gallon. Forecasters say prices should rise at least 30 cents or more by June. Both global benchmarks, Brent and West Texas Intermediate, managed to post weekly gains, though market fundamentals continue to point to abundant supplies. Hillary Clinton Wins Big in Texas, Ted Cruz Stays Alive Of the first 15 states to nominate candidates, Ms Clinton and Mr Trump have each won 10. Super Tuesday marked the day on which 13 states and territories saw voters head to the polls to select a presidential nominee, with Alaska - one of the states with the smallest populations - being one of them. Alaska Airlines applies to begin daily flights to Cuba American's bid comes as US air carriers, including Southwest Airlines, compete to provide commercial service to Cuba for the first time in decades under an agreement reached by government officials last month that liberalized air travel regulations. US companies added 214000 jobs in February Steady hiring that fosters faster wage growth should provide further impetus for consumer spending, which accounts for about 70 percent of the economy. Trade/transportation/utilities grew by 20,000, down from a downwardly revised 26,000 the previous month. Goods-producing employment rose by 5,000 jobs in February, just over a quarter of January's upwardly revised 19,000. Alberta Premier Rachel Notley on Quebec's Energy East injunction request But Quebec's motion is likely to exacerbate already tense relations with the western energy-producing province of Saskatchewan, which says the lack of pipeline capacity to the east coast causes crude to trade at big discounts. "We do not anticipate any kind of delay - additional delay - to the project calendar", he said. "That does not mean that we are not open to having a full, open and transparent dialogue with the Quebec government to share information and hear their questions and concerns ... AB InBev agrees sale of SABMiller stake in Snow beer For this objective, AB InBev planned to off load two of the SABMiller's European finest brands, Peroni and Grolsch, to tackle the regulatory issues. Anheuser-Busch InBev NV said it has agreed to sell SABMiller PLC's Chinese beer business to China Resources Beer Holdings Co., as the Belgian brewer seeks Chinese regulatory approval for its pending acquisition of its biggest rival. South Africa's Zuma says not at war with finmin Gordhan: presidency In a letter from his lawyers, Gordhan said he had received the questions at a time when he was preparing his budget speech , which he delivered on February 24. "Talk is that one of the parties will have to go - the market fears it will be Gordhan". On Monday, Zuma acknowledged difficulties between Moyane and Gordhan, but stressed that the Finance Minister's job was safe. Clippers unveil terrifying condor-toucan hybrid as new mascot Head coach Doc Rivers heard what Ballmer would be doing and knew he was working on the dunk at the practice facility, and he was anxious at first, but Ballmer demonstrated he was up to the task. In a surprise to nobody, Ballmer went absolutely bonkers after throwing down the two-handed jam. Stay with me, I promise this all makes sense in the end. Eurozone unemployment rate falls to 10.3% The youth unemployment rate slid marginally to 22% from 22.1% in December. Even so, the jobless rate remains high more than double the U.S.'s rate of 4.9 percent, for example and particularly so in certain countries. According to Eurostat data, there were 21.789 million unemployed in the European Union in January, including 16.647 million in the eurozone. And there are signs the decline in the jobless rate may be slowing as businesses become less confident about their prospects in ... Commodity markets rout slams miner Glencore's profit However, the company is still only worth close to half as much as it was during a year ago. Highly-leveraged trading giant Glencore is doubling down on its asset sales program, as it tries to bolster investor confidence amid a worsening commodity price rout. Missing Hong Kong bookseller to give up British passport, denies being kidnapped He added: "I think it's important to say first that we haven't monitored the Chinese Super League up to this point, but if you're looking at vulnerability or risk assessment I'm not sure a lot of money pouring in is something that would pique our interest". Return to deflation puts pressure on European Central Bank The dollar was buying 112.75 yen, edging up about 0.1 per cent, while the Australian dollar added 0.2 per cent against its US counterpart to $0.7155 after the Reserve Bank of Australia left its rates at a record low 2.0 per cent. It has already announced a cut to its bank deposit rate, which remains in negative territory. In France they were down 0.1 percent and Italy reported flat month-on-month wage inflation. Indonesia's Manufacturing Sector: Contracting for 17 Straight Months This was its lowest reading since February 2014 but remained above the 50 line that separates growth from contraction for a 32nd month. United Kingdom manufacturing had its weakest month for nearly three years in February as the beleaguered sector's growth ground almost to a halt. Intercontinental Exchange circles London Stock Exchange Intercontinental Exchange (ICE.N) said that it had not yet approached the LSE's board or decided on a bid. The wider LSE Group was formed in October 2007 when the London Stock Exchange merged with Milan stock exchange Borsa Italiana. It acquired NYSE Euronext in 2013, lating spinning out the Euronext business. It also snapped up United Kingdom trading firm Trayport for $650 million a year ago. Barclays announces move out of Africa In addition, according to industry analytics firm Coalition, trading revenue in fixed income, currencies and commodities fell to multi-year lows at the world's largest banks, of which Barclays is one. " Barclays has reported a 2.0-percent drop in underlying profits, while also announcing that it will cut its dividend by more than half", Graham Spooner, investment research analyst at The Share Centre, said in reaction to the heavy share price drop. China manufacturing index dips to lowest since 2011 United Kingdom manufacturing grew the least in nearly three years in February and new orders barely rose, highlighting the fragility of the economy as it heads into an uncertain year. As well as the slowing of the global economy, Britain's June 23 referendum on its membership of the European Union could cause uncertainty and weigh on the country's growth rate, economists have said. Will defend South Korea in emergency, assures US Still, he added that the US government is not in a hurry at all and the deployment would be unnecessary if the goal of denuclearization can be attained without it. With regard to this matter, the South Korean government said that the cancellation of the deployment will not happen under any circumstances as far as the North Korean nuclear threat remains. Buffett says distracted driving is a growing problem Geico's underwriting profit plummeted to $460 million past year from 2014's $1.16 billion. The letter also touched on climate change. He defended his investment in International Business Machines Corp . "But when you are thinking only as a shareholder of a major insurer, climate change should not be on your list of worries". Buffett says Berkshire has always craved efficiency, just like 3G. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 Forward →
Retail sales slip on falling gas prices; key measure rises For February, retail sales excluding those of automobiles was also down 0.1%, versus a -0.2% estimate and a revised -0.4% from the month before. Household spending, which makes up about 70 percent of the economy, may accelerate in the first three months of this year, according to economists' projections as of March 14.
Chinese woman dies in elevator with power improperly cut off Along with this, the building has two elevator cars, so it is assumed that other residents would naturally focus their attention on the operating vehicle during that time and would pay little attention to the broken one. A number of people are said to have been arrested in connection with the incident. It seems that China is regularly plagued by safety accidents as safety regulations and standards are often not followed and enforcement is not consistent, sometimes due to corruption, ...
New Jersey Senate president fights Gov. Christie's Supreme Court nominee The governor told a reporter "permission denied" when he sought to ask about something unrelated to the nomination of a state judge to the top court. Murray said Wednesday that Sweeney "is clearly on defense and flailing" about why he is once again refusing to give Bauman a hearing, "offering four different excuses in 24 hours for why he is abandoning his constitutional duty, including this canard".
Samsonite to buy USA luxury baggage maker Tumi for $1.8B For Samsonite, the world's biggest travel luggage company, the deal gives it a bigger slice of the top tier of the market. Premium rival Tumi has about 2,000 distribution points across 75 countries, and the firm saw net sales increased by 4% year-on-year in 2015 to $548m.
Tomic hits back for Australia after Isner win The tie is well poised heading into Saturday's pivotal doubles rubber with the Americans looking to edge ahead through the Bryan brothers, Bob and Mike, against a yet-to-be determined Australian combination. "Bernie stepped up. It's never easy after going down 1-0", Australia team captain Lleyton Hewitt said courtside. "But on the flip-side, maybe not so much".
Uber, Ola Launch Motorbike-Hailing Services In Bangalore The service will have the standard features of a cab ride, including driver details, Global Positioning System tracking and sharing trip details with friends. Two-wheelers are the most popular form of transport in many of India's traffic-clogged cities, but schemes to rent a bike and driver by the kilometer are rare.
Fed survey finds stronger home sales, weaker exports Consumer spending rose in most Fed districts, and labor markets continued to improve, according to the Fed's Beige Book. Kansas City, a region hurt by weakness in energy and farming, reported a modest decline. Manufacturing contacts in eight districts - Boston, Philadelphia, Cleveland, Chicago, St. Louis, Kansas City, Dallas and San Francisco - all reported "significant headwinds" due to weak demand from energy companies.
Even as gasoline prices rise, drivers will save at the pump The Charleston-North Charleston area reported the highest average gas prices statewide at $1.59 a gallon. Forecasters say prices should rise at least 30 cents or more by June. Both global benchmarks, Brent and West Texas Intermediate, managed to post weekly gains, though market fundamentals continue to point to abundant supplies.
Hillary Clinton Wins Big in Texas, Ted Cruz Stays Alive Of the first 15 states to nominate candidates, Ms Clinton and Mr Trump have each won 10. Super Tuesday marked the day on which 13 states and territories saw voters head to the polls to select a presidential nominee, with Alaska - one of the states with the smallest populations - being one of them.
Alaska Airlines applies to begin daily flights to Cuba American's bid comes as US air carriers, including Southwest Airlines, compete to provide commercial service to Cuba for the first time in decades under an agreement reached by government officials last month that liberalized air travel regulations.
US companies added 214000 jobs in February Steady hiring that fosters faster wage growth should provide further impetus for consumer spending, which accounts for about 70 percent of the economy. Trade/transportation/utilities grew by 20,000, down from a downwardly revised 26,000 the previous month. Goods-producing employment rose by 5,000 jobs in February, just over a quarter of January's upwardly revised 19,000.
Alberta Premier Rachel Notley on Quebec's Energy East injunction request But Quebec's motion is likely to exacerbate already tense relations with the western energy-producing province of Saskatchewan, which says the lack of pipeline capacity to the east coast causes crude to trade at big discounts. "We do not anticipate any kind of delay - additional delay - to the project calendar", he said. "That does not mean that we are not open to having a full, open and transparent dialogue with the Quebec government to share information and hear their questions and concerns ...
AB InBev agrees sale of SABMiller stake in Snow beer For this objective, AB InBev planned to off load two of the SABMiller's European finest brands, Peroni and Grolsch, to tackle the regulatory issues. Anheuser-Busch InBev NV said it has agreed to sell SABMiller PLC's Chinese beer business to China Resources Beer Holdings Co., as the Belgian brewer seeks Chinese regulatory approval for its pending acquisition of its biggest rival.
South Africa's Zuma says not at war with finmin Gordhan: presidency In a letter from his lawyers, Gordhan said he had received the questions at a time when he was preparing his budget speech , which he delivered on February 24. "Talk is that one of the parties will have to go - the market fears it will be Gordhan". On Monday, Zuma acknowledged difficulties between Moyane and Gordhan, but stressed that the Finance Minister's job was safe.
Clippers unveil terrifying condor-toucan hybrid as new mascot Head coach Doc Rivers heard what Ballmer would be doing and knew he was working on the dunk at the practice facility, and he was anxious at first, but Ballmer demonstrated he was up to the task. In a surprise to nobody, Ballmer went absolutely bonkers after throwing down the two-handed jam. Stay with me, I promise this all makes sense in the end.
Eurozone unemployment rate falls to 10.3% The youth unemployment rate slid marginally to 22% from 22.1% in December. Even so, the jobless rate remains high more than double the U.S.'s rate of 4.9 percent, for example and particularly so in certain countries. According to Eurostat data, there were 21.789 million unemployed in the European Union in January, including 16.647 million in the eurozone. And there are signs the decline in the jobless rate may be slowing as businesses become less confident about their prospects in ...
Commodity markets rout slams miner Glencore's profit However, the company is still only worth close to half as much as it was during a year ago. Highly-leveraged trading giant Glencore is doubling down on its asset sales program, as it tries to bolster investor confidence amid a worsening commodity price rout.
Missing Hong Kong bookseller to give up British passport, denies being kidnapped He added: "I think it's important to say first that we haven't monitored the Chinese Super League up to this point, but if you're looking at vulnerability or risk assessment I'm not sure a lot of money pouring in is something that would pique our interest".
Return to deflation puts pressure on European Central Bank The dollar was buying 112.75 yen, edging up about 0.1 per cent, while the Australian dollar added 0.2 per cent against its US counterpart to $0.7155 after the Reserve Bank of Australia left its rates at a record low 2.0 per cent. It has already announced a cut to its bank deposit rate, which remains in negative territory. In France they were down 0.1 percent and Italy reported flat month-on-month wage inflation.
Indonesia's Manufacturing Sector: Contracting for 17 Straight Months This was its lowest reading since February 2014 but remained above the 50 line that separates growth from contraction for a 32nd month. United Kingdom manufacturing had its weakest month for nearly three years in February as the beleaguered sector's growth ground almost to a halt.
Intercontinental Exchange circles London Stock Exchange Intercontinental Exchange (ICE.N) said that it had not yet approached the LSE's board or decided on a bid. The wider LSE Group was formed in October 2007 when the London Stock Exchange merged with Milan stock exchange Borsa Italiana. It acquired NYSE Euronext in 2013, lating spinning out the Euronext business. It also snapped up United Kingdom trading firm Trayport for $650 million a year ago.
Barclays announces move out of Africa In addition, according to industry analytics firm Coalition, trading revenue in fixed income, currencies and commodities fell to multi-year lows at the world's largest banks, of which Barclays is one. " Barclays has reported a 2.0-percent drop in underlying profits, while also announcing that it will cut its dividend by more than half", Graham Spooner, investment research analyst at The Share Centre, said in reaction to the heavy share price drop.
China manufacturing index dips to lowest since 2011 United Kingdom manufacturing grew the least in nearly three years in February and new orders barely rose, highlighting the fragility of the economy as it heads into an uncertain year. As well as the slowing of the global economy, Britain's June 23 referendum on its membership of the European Union could cause uncertainty and weigh on the country's growth rate, economists have said.
Will defend South Korea in emergency, assures US Still, he added that the US government is not in a hurry at all and the deployment would be unnecessary if the goal of denuclearization can be attained without it. With regard to this matter, the South Korean government said that the cancellation of the deployment will not happen under any circumstances as far as the North Korean nuclear threat remains.
Buffett says distracted driving is a growing problem Geico's underwriting profit plummeted to $460 million past year from 2014's $1.16 billion. The letter also touched on climate change. He defended his investment in International Business Machines Corp . "But when you are thinking only as a shareholder of a major insurer, climate change should not be on your list of worries". Buffett says Berkshire has always craved efficiency, just like 3G.
Top news Eurozone unemployment rate falls to 10.3% Commodity markets rout slams miner Glencore's profit Missing Hong Kong bookseller to give up British passport, denies being kidnapped Return to deflation puts pressure on European Central Bank Indonesia's Manufacturing Sector: Contracting for 17 Straight Months Intercontinental Exchange circles London Stock Exchange Barclays announces move out of Africa China manufacturing index dips to lowest since 2011 Will defend South Korea in emergency, assures US Buffett says distracted driving is a growing problem Valeant shares slump 6% after company pulls guidance, reschedules earnings release Budget 2016: NHAI to raise Rs 15000 crore through bonds in FY17 Stocks end strong week on flat note CDC announces 14 new cases of Zika virus transmitted through sex Iran reformists performing well in early election results
