Business

Vishal Sikka quits as Infosys CEO, Board attacks Narayana Murthy

Vishal Sikka quits as Infosys CEO, Board attacks Narayana Murthy

A day after the exit of Vishal Sikka as the MD and CEO of Infosys , three US-based law firms have launched an investigation against the IT major. Sikka was "heavily pushing" the company towards dee...

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Foot Locker, Inc. (NYSE:FL) Bending Lower, Touching Top Loser's List

Foot Locker, Inc. (NYSE:FL) Bending Lower, Touching Top Loser's List

The original version of this news story can be accessed at https://stocknewstimes.com/2017/08/18/foot-locker-inc-fl-stock-rating-lowered-by-bank-of-america-corporation.html. Ahl Ptnrs Limited Liabilit...

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Colefax Group Plc (CFX) Raised to Buy at Peel Hunt

Colefax Group Plc (CFX) Raised to Buy at Peel Hunt

This was released in analysts note on 16 August. Nordea Investment Management Ab, which manages about $37.81 billion US Long portfolio, upped its stake in Petroleo Brasileiro Adr by 45,245 shares to...

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Sensex, Nifty trade in green; Infosys gains 3% on share buyback proposal

Sensex, Nifty trade in green; Infosys gains 3% on share buyback proposal

Shares of Infosys rallied after India's second-biggest software services exporter said it will consider a proposal for buyback of its equity shares at its meeting to be held on August 19. India VIX...

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Rovio planning an IPO valued at €2bn

Rovio planning an IPO valued at €2bn

While Rovio has yet to make concrete moves towards an IPO, the company has also been tied to other avenues that would benefit its bottom line. In the year prior, Rovio posted a loss. Elsewhere, Rovio ...

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Philippines Suspends Uber for One Month

Philippines Suspends Uber for One Month

At a congressional hearing earlier this month, Uber told lawmakers there were almost 67,000 drivers registered with Uber in the Philippines. Uber said on Tuesday that it would appeal the ord...

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German Economic Growth Robust Despite Slowdown in Second Quarter

German Economic Growth Robust Despite Slowdown in Second Quarter

Germany's gross domestic product (GDP) expanded by 0.6 percent from April to June compared with the previous quarter, adjusted for price, seasonal and calendar effects, federal statistics authority De...

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Demonstrators hold candlelight vigil for victims of Charlottesville violence

Demonstrators hold candlelight vigil for victims of Charlottesville violence

A Candlelight Vigil was held at Orange City Hall Sunday evening in order to remember those who have died at the hands of racism. Scroll through his photos. "I thought of this about 2 o'clock", she sai...

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Air Berlin files for bankruptcy

Air Berlin files for bankruptcy

In a surprise announcement, the airline said it had filed for insolvency with the court of Berlin-Charlottenburg after Etihad "notified Air Berlin PLC of the fact that it will not provide any furthe...

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GB Group plc (LON:GBG) Given Average Rating of

GB Group plc (LON:GBG) Given Average Rating of "Buy" by Brokerages

In a analysts note made public on Monday, 14 August, analysts at Morgan Stanley's equities research division cut Experian (LON:EXPN)'s stock to a "Equal-weight". Four analysts have rated the stock wit...

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Musk Alludes to Model 3's Battery Capacity on Conference Call

Musk Alludes to Model 3's Battery Capacity on Conference Call

Considering the hype for Tesla Motors' Model 3 , the company is being pressured to deliver with the fastest production possible. The company can fund the almost $2 billion manufacturing investment ...

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BJP hopeful of Nitish to 'manage' Sharad Yadav's discord

BJP hopeful of Nitish to 'manage' Sharad Yadav's discord

This has come in after reports, a few days ago that Nitish Kumar will join BJP and leave the Grand Alliance-mahagathbandhan. The party is also contemplating "precipitous steps" to suspend leader...

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Korea Tensions Weigh on Futures

Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe .MIWD00000PUS posted its largest weekly drop since the week bef...

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United States stock futures, dollar slip on rising Korean tensions

United States stock futures, dollar slip on rising Korean tensions

Investors' unease over escalating tensions between the US and North Korea had weighed on stocks earlier in the day, pushing gold and bond prices slightly higher. He said that North Korea "can be...

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British Columbia throws wrench in Kinder Morgan pipeline plan

British Columbia throws wrench in Kinder Morgan pipeline plan

The review goes ahead in November. The province also promised to fulfil its duty of "meaningful" consultation with indigenous people concerning this project, including consultations regarding potent...

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USA stocks close lower after President Trump's remarks to North Korea

USA stocks close lower after President Trump's remarks to North Korea

The Standard & Poor's 500 index fell 35 points, or 1.4 percent, to 2,438, its biggest drop since mid-May. The Dow also fell 0.5% to dip briefly back below the 22,000 mark, and the Nasdaq tumbled a...

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Second Lego CEO in eight months

Second Lego CEO in eight months

Lego's chairman has told the Financial Times that the change in management has nothing to do with Mr Padda's performance as chief executive and instead is down to the 61-year-old's age. Padda has b...

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Japan's Foreign Ministry Urges ASEAN to Increase Pressure on N Korea

Japan's Foreign Ministry Urges ASEAN to Increase Pressure on N Korea

ASEAN's deadlock over the statement highlights China's growing influence on the grouping at a time of uncertainty over the new US administration's security priorities and whether it will try to keep C...

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De Blasio proposes tax on wealthiest New Yorkers to fund subway repairs

De Blasio proposes tax on wealthiest New Yorkers to fund subway repairs

On Monday, de Blasio will announce what the New York Times refers to as a "millionaires tax" to help fix the deteriorating system, which is plagued by delays, mechanical issues, and even derailments...

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Contaminated eggs reached the UK

Contaminated eggs reached the UK

The UK's Food Standards Agency say the risk to the public is very low. She said the move was purely precautionary and did not mean that eggs contaminated with fipronil had actually entered those cou...

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'Pharma Bro' Martin Shkreli guilty for fraud secuities conspiracy

'Pharma Bro' Martin Shkreli guilty for fraud secuities conspiracy

Shkreli was on his YouTube channel chatting with fans and sparring with a reporter after Friday's verdict. After the operations went south, prosecutors said Shkreli misused funds from another drug com...

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Economy adds 209000 more jobs in July

Economy adds 209000 more jobs in July

The June jobs report showed that top-line job growth was 222,000, and employment growth was broadly distributed. Right now we're merely keeping pace with the status quo of the previous year or two, ...

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Toyota's operating profit drops 11% on incentives, currency losses

Toyota's operating profit drops 11% on incentives, currency losses

According to Reuters , rival auto giants, Toyota and Mazda are expected to put their rivalry aside on Friday to start the construction of a $1.6 billion USA assembly plant. The announcement also ...

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Pound falls as Bank holds rates and cuts forecasts

Pound falls as Bank holds rates and cuts forecasts

July private sector PMI figures this week have been mixed this week, with the manufacturing sector seeing a pickup in activity, whilst the pace of expansion in the construction sector slowed significa...

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Reserve Bank of India Cuts Repo Rate by 25 bps to 6pc

Reserve Bank of India Cuts Repo Rate by 25 bps to 6pc

Expecting further steps to curb the surplus liquidity into the market causing inflation Rakesh Yadav, Chairman, Antriksh India Group said, "The sector was hopeful for a rate cut today and after near...

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Led by Apple, Dow Industrials hit 22000 for first time

Led by Apple, Dow Industrials hit 22000 for first time

Analysts have praised Apple's latest quarterly report , noting that earnings beat forecasts and the company has calmed fears about slow iPhone sales . USA shares are still mixed going into the c...

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Teen detained after jumping from plane at San Francisco International Airport

Teen detained after jumping from plane at San Francisco International Airport

Airport spokesman Doug jaeckel said that the builders who were working near detained the teenager until the police arrived. Passengers say the 17-year-old U.S. According to the passengers, the boy see...

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British Gas customers prepare for a price increase

British Gas customers prepare for a price increase

Instead, the industry regulator, Ofgem , has been asked to find ways to cut bills for a smaller number of so-called vulnerable households. "In that time, overall electricity costs have increased by...

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Elon Musk Warns of 'Manufacturing Hell' for Model 3

Panasonic's close involvement with Tesla makes it a major player in batteries, but Korean firms LG and Samsung have more automaker clients. Development of the Model 3 has cost the company billions...

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Rory McIlroy dumps long-term caddie JP

Rory McIlroy dumps long-term caddie JP

According to Reuters , the 28-year-old will have a new man on the bag this week at the WGC Bridgestone Invitational in Akron, Ohio, before the US PGA Championship at one of the Northern Irishman's m...

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Sprint posts its first quarterly profit in three years

Sprint posts its first quarterly profit in three years

One of them cautioned that it could still take several weeks or more to reach an agreement with either company . In the same period a year ago, it reported a net loss of $302 million, or 8 cents per ...

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HSBC reports higher profit, plans $2B more in share buybacks

HSBC reports higher profit, plans $2B more in share buybacks

HSBC profits rose 12 percent in the first half of 2017 as the Chinese-British bank recovered from a previously unstable year. The buyback was unveiled along with a 12% increase in adjusted pre-tax p...

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Sensex, Nifty open flat, trading on a cautious note

Sensex, Nifty open flat, trading on a cautious note

Maruti Suzuki rose as much as 2.2 per cent to touch an all-time high, after reporting a 21 per cent increase in July sales. It ended the session 50 points lower at 3,672, with IDBI Bank (up 0.08 pe...

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US House passes Russian Federation sanctions bill defying Trump

US House passes Russian Federation sanctions bill defying Trump

Oklahoma's all-Republican congressional delegation has voted unanimously in favor of sanctions on several countries, including Russian Federation, in a move that could handcuff President Donald T...

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Forecast: Beautiful start to the week; temps in the mid-80s

Forecast: Beautiful start to the week; temps in the mid-80s

Good Monday morning everybody! No complaints to be found about Monday's forecast. Sunshine will stick around for the next few days ending the month of July on a high note! Remember, a heat wav...

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Reince Priebus pushed out as Trump's chief of staff

Reince Priebus pushed out as Trump's chief of staff

President Donald Trump's former chief of staff, Reince Priebus, said in his first interview since it was announced he would leave his role that Trump " wanted to go a different direction". K...

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Branson Sells Stake in Virgin Atlantic in Broader Tie-Up

Branson Sells Stake in Virgin Atlantic in Broader Tie-Up

This is the Shanghai-based carrier's largest strategic investment and is expected to speed up its global expansion. -China open skies accord be negotiated. It's no different this time, with Delta gain...

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Starbucks to close all 379 Teavana stores

RBC Capital Markets analysts said about 36% of the company's USA revenue in the third-quarter came from Starbucks rewards members, which makes the stall in user growth a cause for concern. Competiti...

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Trump takes credit for Foxconn $10b USA plant

Trump takes credit for Foxconn $10b USA plant

Experts say it will likely require improvements to infrastructure, transportation systems and more job training programs to prepare for the new skilled labor jobs. That makes the prospect of import ta...

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Experts warn petrol and diesel vehicle ban to cost trillions

Experts warn petrol and diesel vehicle ban to cost trillions

Sweden's Volvo Car Group said that by 2019 all of its cars will have an electric motor , while BMW AG will build an electric version of its iconic Mini compact car in Britain . The Times says...

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Global Shares Rise on Fed Signals

Global Shares Rise on Fed Signals

Dealers on Wednesday will be hoping for guidance from Fed boss Janet Yellen on its plans for interest rates and when it will start winding in its bond holdings balance sheet, effectively sucking c...

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Now oil prices are nearing $51 as U.S. inventories drop

Now oil prices are nearing $51 as U.S. inventories drop

The number of oil rigs fell last week, oilfield services giants Schlumberger (SLB) and Halliburton (HAL) see more cooling, and on Monday, Anadarko Petroleum (APC) said it would cut its 2017 ca...

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Ford Motor Company (F) Stake Raised by ARGI Investment Services LLC

Ford Motor Company (F) Stake Raised by ARGI Investment Services LLC

Acadian Asset Management LLC increased its stake in Ford Motor by 130.3% in the first quarter. 14540098 shares were traded on General Motors Company's last session. Bartlett And Limited reported 0...

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Oil tankers association calls off strike after talks with govt

Oil tankers association calls off strike after talks with govt

Tourists who had gone to Gilgit-Baltistan and surrounding areas, found themselves stranded there due to fuel shortage and a halt in public transport services. While talking to Minister of Petroleum an...

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No apology from Fox in its battle with The New York Times

No apology from Fox in its battle with The New York Times

The controversy took on extra weight when Trump, a devoted Fox and Friends viewer, tweeted on Saturday, "The Failing New York Times foiled US attempt to kill the single most wanted terrorist, Al...

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European Union investigates possible German emissions treatment systems cartel

European Union investigates possible German emissions treatment systems cartel

The German government has summoned local officials and auto executives to a "diesel summit" August 2 to both find ways to reduce emissions and ensure that diesel technology has a future. Audi spokes...

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International Monetary Fund downgrades United Kingdom and U.S. growth figures on 'weaker than expected' activity

International Monetary Fund downgrades United Kingdom and U.S. growth figures on 'weaker than expected' activity

While global growth projections remained on track to deliver improved output of 3.5% in 2017 and 3.6% in 2018, on a country-by-country basis, the United Kingdom was one of a handful of developed econo...

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State, local unemployment rates down

State, local unemployment rates down

The national unemployment rate is 4.4 percent. The rates in North Dakota (2.3 percent) and Tennessee (3.6 percent) set new series lows. New claims for United States jobless benefits tumbled in mid-J...

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PGA pro breaks record for lowest round in British Open masterpiece

PGA pro breaks record for lowest round in British Open masterpiece

Open at Oakmont, where he won his first major title . Branden Grace became the first man in history to shoot a round of 62 in a major during a record-breaking third round at The 146th Open. But low...

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Rolls-Royce Holding PLC 24.4% Potential Upside Indicated by Citigroup

Rolls-Royce Holding PLC 24.4% Potential Upside Indicated by Citigroup

It has outperformed by 9.53% the S&P500. Investors sentiment decreased to 1.13 in 2016 Q4. Its up 1.35, from 1.22 in 2016Q3. They now have a "buy" rating on the stock. Therefore 33% are positive. (T...

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