Markets

Closing time for The Limited stores

Closing time for The Limited stores The New Albany-based chain, with roughly 230 stores nationwide, has been owned by Florida-based Sun Capital Partners since 2007. News began circulating just before Christmas that The Limited was quietly working to shutter stores in malls around the country, but without a whole lot of other details being provided. [Full Article...]

Donald Trump Plans to Continue Tweeting as President

Donald Trump Plans to Continue Tweeting as President Omarosa Manigault , a former reality television personality who worked on Trump's campaign and transition, and Bill Stepien, a former aide to New Jersey Gov. Both Ivanka Trump and Jared Kushner, her husband, were key members of Donald Trump's campaign and are considering White House roles, even informal or unpaid. [Full Article...]

Analyst Buzz: Kohl's Corp. (NYSE:KSS)

Analyst Buzz: Kohl's Corp. (NYSE:KSS) For the reporting quarter, equity analysts expect the stock to deliver $1.64 in earnings per share (EPS). Macy's (M) and Kohl's (KSS) shares were set aflame late Wednesday (and continue to burn Thursday) on same-store sales declines and slashed earnings targets. [Full Article...]

Kim Kardashian's First Selfie Of 2017 Features A New Piercing

Kim Kardashian's First Selfie Of 2017 Features A New Piercing Kim also sported the rocky piercing (which is not real, people ) at Kris's Christmas Eve party, where she wore a silky gold custom made Alexander Wang dress and a choker to go with it. And followers of Kim's were happy to have her back. "She had three months off and was able to spend an fantastic chunk of time with her kids and [husband] Kanye, and I don't think she would trade that in for anythi... [Full Article...]

Apple to invest $1B in SoftBank's tech fund

Apple to invest $1B in SoftBank's tech fund Apple (AAPL, Tech30) confirmed on Tuesday that it is investing $1 billion in a massive new technology fund from Japan's SoftBank Group, which has recently drawn the attention of the president-elect. SoftBank itself will invest $25 billion in the fund over five years, and the Public Investment Fund of the Kingdom of Saudi Arabia will contribute up to $45 billion over the same period. [Full Article...]

Government to present Combined Union Budget and Railway Budget on 31st Jan

The BJP-led government's decision to scrap the railway budget is seen as a policy reform measure aimed at doing away with the "culture of populism" that has taken a heavy toll on the state-owned transporter's financial health over the years. [Full Article...]

Aid flotilla to help Rohingya Muslims in Myanmar

Clashes have been continuing on and off in the region, especially since 9 October, when a police post was attacked near the border with Bangladesh by the ethnic armed men, killing nine security officers. She also recently met the foreign ministers of neighboring Southeast Asian nations and told them the Myanmar government is committed to resolving the issues in Rakhine State, but said "time and sp... [Full Article...]

SBI cuts benchmark lending rate across various tenures by 0.9 per cent

SBI cuts benchmark lending rate across various tenures by 0.9 per cent The change will be applicable with effect from January 1 this year. The demonetisation drive has put the skids on the banking industry with credit offtake down to a trickle, forcing banks to park their surplus cash in low-yielding government securities and market stabilisation bonds that the government announced in the aftermath of the November 8 announcement. [Full Article...]

Compost your Christmas tree for free in the Grand Valley

Compost your Christmas tree for free in the Grand Valley Additionally, Republic, the city's new waste hauler, will pick up trees as part of residents' normal trash pick up the first two weeks of January. The Organic Materials Composting Facility accepts trees and debris year-round on Tuesdays through Saturdays from 8 a.m. [Full Article...]

Italian bank Monte dei Paschi di Siena needs 8,8 billion

According to the Italian economic newspaper Il Sole 24 Ore , the Italian government will need to invest some six billion euros in the lender and the rest would be raised through the forced conversion of bonds into equity. Support from the government was requested by the bank in form of state precautionary recapitalization last week after a plan to raise over €5 billion from private investors ... [Full Article...]

USA home prices continue rise -- along with mortgage rates

USA home prices continue rise -- along with mortgage rates Last month's report showed that home prices finally surpassed all-time highs set in July 2006, with prices recording a 5.5% annual gain in September. "With the current high consumer confidence numbers and low unemployment rate, affordability trends do not suggest an immediate reversal in home price trends", he said. [Full Article...]

Equity markets plunge, Sensex closes below 26000 points

Equity markets plunge, Sensex closes below 26000 points Indian equity markets fell sharply on Monday as selling pressure intensified in metal, pharma and realty shares. All the BSE sectoral indices were trading in the negative zone with Realty index leading the declines, down 2.6 per cent. In other Asian markets , Hong Kong's Hang Seng index was down by 0.86 per cent, while Japan's Nikkei shed 0.16 per cent in early trade on Thursday. [Full Article...]

Demonetisation is only 'short term pain' for 'long term gain': PM

Speaking at the inauguration of newly-built campus of SEBI's National Institute of Securities Management here, he said that government will not shy away from taking tough decisions and "hardship caused by demonetisation was only temporary, and that it will bring long-term benefits". [Full Article...]

Airbus confirms Iran deal for 100 jets

Under the terms of the deal, Airbus said deliveries are expected to begin early next year. "So this agreement is also a significant first step in the overall modernization of Iran's commercial aviation sector". "We hope this success signals to the world that the commercial goals of Iran and its counterparts are better achieved with worldwide cooperation and collaboration". [Full Article...]

As Holiday Travel Rises, So Do Gas Prices

AAA said "improvements in the labor market and rising wages" as well as "low gas prices and increased consumer optimism" have encouraged Americans to hit the road. Fuel prices have rocketed upward in 41 of 50 US states this month following OPEC announcing a major production cut agreement November 30. On Wednesday afternoon, prices for regular gasoline were $1.95 at Poteau gas stations at E-Z Mar... [Full Article...]

Browns win; Lions remain NFL's only 0-16 team

Browns win; Lions remain NFL's only 0-16 team Up next for the Browns? Tight end Antonio Gates , the former Kent State Golden Flashes product had a game high eight receptions for 94 yards and a touchdown. Chargers quarterback Philip Rivers completed 24 of 47 passes for 321 yards and a pair of touchdowns. Next week the Browns will play in Pittsburgh, while the 49ers have the Rams and Seahawks remaining. [Full Article...]

Boeing CEO Says Air Force One Costs Will Be Under $4 Billion

Boeing CEO Says Air Force One Costs Will Be Under $4 Billion Late Thursday, Trump posted on his Twitter account that he had asked Boeing to price out a comparable F-18 Super Hornet fighter because of rising costs in the F-35 program. 21, 2016. This will cover the $100 million removed from F-35 accounts by Pentagon top brass in 2014 for unrelated projects. The celerity businessman-turned-politician held meetings Wednesday with generals, military procurer... [Full Article...]

RBI withdraws Rs 5000 deposit limit

RBI withdraws Rs 5000 deposit limit On December 19, it came out with a new regulation restricting deposit of more than Rs 5,000 by one person. "The central bank has issued 2.2 billion (220 crore) pieces of notes of new Rs500 and Rs2,000 during the period - November 10 to December 19", the RBI said in its notification. [Full Article...]

Banca Monte dei Paschi Rescue Raises Complex Issues for European Authorities

Banca Monte dei Paschi Rescue Raises Complex Issues for European Authorities The parliament's approval came hours after the shares of MPS, the country's third-biggest bank, were suspended after the ailing bank announced that it would run out of liquidity in four months instead of 11 months as had been previously announced. [Full Article...]

Fire erupts at 22nd floor of Air India building in Nariman point

Fire erupts at 22nd floor of Air India building in Nariman point Nine fire engines, seven water tankers, two hydraulic platforms and other apparatus were rushed to the spot. Tata. "The uniqueness and amount of the table can not be expressed and we are happy that the entire CMD's cabin remained unaffected", Mr Singh said. [Full Article...]


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