Wm. Morrison Supermarkets posted it first full-year profits in five years Thursday but cautioned on “uncertain” conditions for grocery store companies in 2017. Wm. Morrison Supermarkets plc posted it first full-year profits in five years Thursday but cautioned on “uncertain” conditions for grocery store companies in 2017.
Day: March 9, 2017
Shell Plans Partial Exit From Canada’s Oil Sands; Will Hold 10% Athabasca Stake
Royal Dutch Shell said Thursday that it will significantly reduce its assets in Canada’s controversial oil sands area in the province of Alberta. Royal Dutch Shell said Thursday that it will significantly reduce its assets in Canada’s controversial oil sands area in the province of Alberta.
Oil Inches Back From $50 Ledge as U.S. Supply Stymies OPEC Cuts
Oil halted losses after the biggest drop in more than a year as record U.S. crude stockpiles began to raise doubts about the effectiveness of OPEC-led efforts to ease a global glut. Futures gained as much as 0.9 percent in New York after losing 5.7 percent the previous three sessions and threatening to slip below $50 for the first time since December.
Secrets of Korea’s Elite to Air in `Trial of the Century’
The trial of Samsung Electronics Co. vice chairman Jay Y. Lee began Thursday, as prosecutors try to prove the billionaire conspired to funnel millions of dollars to a confidante of President Park Geun-hye to help secure control of the world’s largest smartphone maker.
Military-Grade Tech to Monitor Eggplants Rather Than Explosives
On a rooftop in the Jewish-Arab Tel Aviv neighborhood of Jaffa, a former military technologist and an ex-journalist sit in a transparent bio-dome where their robot is busy learning how to grow food. Flux IoT’s Eddy, a robot measuring less than a foot tall and resembling a life buoy, is built with military-grade sensors and armed with image-processing technology.
The FCC is investigating AT&T’s sudden 911 outage
The Federal Communications Commission is investigating a outage of 911 emergency service that affected some AT&T Wireless customers in several states on Wednesday night. The outage, which lasted about an hour, prevented affected customers from making 911 calls.
Oil Rises on Output Cuts
Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag. The Organization of the Petroleum Exporting Countries and other oil producers reached an agreement last year to cut output by almost 1.8 million barrels per day in the first half of 2017, with investors paying close attention to levels of compliance with the landmark deal.
Nikkei Gains Helped by Weaker Yen; Toshiba Dives
Japan’s Nikkei share average snapped a four-day losing streak on Thursday, helped by a weaker yen as the dollar gained after a private jobs report cemented expectations the U.S. Federal Reserve will raise interest rates next week. Toshiba Corp dived 7.2 percent and was the fourth most traded stock by turnover after sources told Reuters Westinghouse Electric Co LLC, the U.S. nuclear power plant developer it owns, has brought in bankruptcy attorneys from law firm Weil Gotshal & Manges LLP.
China Stocks Close at 2-Week Lows on Slumping Oil Prices
China stocks closed at two-week lows on Thursday, as energy shares tumbled on diving oil prices while global investors turned cautious ahead of a widely expected hike in U.S. interest rates next week. Renewed weakness in the yuan currency also dampened confidence, though China’s state banks stepped into the market to keep the currency from falling too fast.
County leads join political efforts to ban toxic chemical from refineries in Torrance and Wilmington
The county Board of Supervisors, prodded by increasing political and regulatory efforts to protect public health and safety, endorsed proposals Wednesday to ban highly toxic hydrofluoric acid from the two South Bay refineries that use the chemical. That has prompted the South Coast Air Quality Management District to propose banning the chemical by year’s end .
Budget 2017: Squeeze on family finances ‘extended until 2020s’
The squeeze on both family and public finances have been prolonged until well into the 2020s, according to a think tank’s analysis of the Budget. The UK is on course for an unprecedented 15 years of spending cuts and lost pay growth the Resolution Foundation said.
European Stocks Called Lower After Wall Street Declines; ECB Meeting in Focus
European stocks are expected to open lower Thursday following three consecutive session declines on Wall Street as investors await a key policy meeting from the European Central Bank. European stocks are expected to open lower Thursday following three consecutive session declines on Wall Street as investors await a key policy meeting from the European Central Bank .
Carrefour Posts Solid Full-Year Earnings, Sees Stronger Sales Gains for 2017
Carrefour, the world’s second largest retailer, posted full year earnings that were largely in-line with analysts’ forecasts and reiterated plans to float is Carmila property division sometime later this year. Carrefour SA , the world’s second largest retailer, posted full year earnings that were largely in-line with analysts’ forecasts and reiterated plans to float is Carmila property division sometime later this year.
RadioShack Bankruptcy Protection Part Deux
U.S. electronics chain RadioShack filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp. The Chapter 11 filing comes after RadioShack, owned by General Wireless Operations, tried to revitalize its business by co-branding stores with the wireless carrier in an effort to compete against their largest rivals. General Wireless, which acquired the RadioShack brand in 2015, listed assets and liabilities in the range of $100 million to $500 million in the U.S. bankruptcy court for the Delaware district.
Bull Market in U.S. Stocks Turns 8
The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington. Strategists, however, warn that a correction of as much as 10 percent should be expected as the market is richly valued.
Congress looks to overturn Obama internet privacy rules
PanARMENIAN.Net – Republicans in the U.S. Congress are moving to repeal regulations adopted by the Obama administration in October that would have subjected internet service providers to stricter scrutiny than websites to protect customers’ private data , Reuters reports. Senator Jeff Flake of Arizona introduced a resolution on Tuesday, March 7 backed by 34 other senators to undo the regulations under a provision that allows Congress to repeal recently approved federal regulations.
China Said to Plan Stricter Bank Capital Rules to Curb Risks
China’s central bank plans to apply a stricter method for assessing banks’ capital as part of efforts to contain financial-sector risks, people with knowledge of the matter said. Under the proposed change to the so-called Macro Prudential Assessment framework, the People’s Bank of China will remove an intermediary category in its evaluation of banks’ capital adequacy, the people said, asking not to be identified because the matter is private.
From V-necks to handcuffs
He had just been elected to the board at Samsung Electronics, and one of the few images we could trace showed him as a younger man, smiling, with a name badge clipped to a preppy lilac V-neck sweater. There are no shortages of pictures now, but smiles and upbeat knitwear are in limited supply.