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Economy

McDonald's dropped 5.2 percent after RBC lowered its price target on the stock and cut its 2018 earnings estimate, citing a disappointing early sales impact from McDonald's value menu. "The impact on total corporate earnings first would be driven by the impact on the economy", said Keith Parker, U.S. equity strategist for UBS in NY.
  • Ford's president of North America sacked over inappropriate behavior

    Ford's president of North America sacked over inappropriate behavior

    Economy

    David McClelland was made vice president of Ford and CEO of Ford Motor Credit Co, Stuart Rowley was named vice president and chief operating officer for Ford North America and John Lawler was appointed vice president, strategy of Ford. He apologized to workers and warned that there was "absolutely no room for harassment" at Ford. But the timing is particularly bad for Ford, which has struggled to lay out a clear direction for its future.
  • Saudi Arabia taking harder line on oil prices

    Saudi Arabia taking harder line on oil prices

    Economy

    London Brent crude was up 52 cents, or 0.8%, at $65.36, after rising more than 3% last week. Kuwait plans to add 225,000 bpd of capacity by end March; Iran's oil minister is saying it could add 100,000 bpd immediately after the expiration of the output cut agreement; Iraq said it would hit 5 million bpd of capacity by the end of the year, whereas the UAE seems set to add a whopping 500,000 bpd, late in 2018.
  • Sony to Form Alliance to Build Taxi-Hailing System

    Sony to Form Alliance to Build Taxi-Hailing System

    Economy

    Sony's alliance includes Tokyo-based operators Daiwa Motor Transportation , Hinomaru Kotsu, Kokusai Motorcars, Green Cab and the Checker Cab group. Japan, with its mature smartphone market, could provide an opportunity for growth. Non-professional drivers are effectively barred from offering taxi services, so apps like Uber have to link riders with existing taxi fleets.
  • Trump considers global steel tariffs, potentially hitting Canada

    Trump considers global steel tariffs, potentially hitting Canada

    Economy

    The report found that US reliance on foreign-produced steel and aluminum, which is often government subsidized, could compromise national security because those products have crucial military uses. Commerce Secretary Wilbur Ross , he said, submitted the result of the investigations to him this month. The recommendations could boost the USA steel industry.
  • Fire on Southwest airliner forces 139 passengers to evacuate

    Fire on Southwest airliner forces 139 passengers to evacuate

    Economy

    Southwest said the airline company will continue to work with passengers to accommodate travel plans and have updated their customer accommodation policies on their website . "The pump has been fixed and additional glycol has been delivered to replenish what we used over the weekend", the spokeswoman said. It is the very first flight Miller has ever been on in his life.
  • Rising Bond Yields Keep World Stocks Unstable

    Rising Bond Yields Keep World Stocks Unstable

    Economy

    Congressional efforts to approve a budget deal and avoid a government shutdown should remain in the headlines Thursday and could continue to stir discontent in the bond market. Franzese says the big question everyone is asking themselves is whether this is a blip or there's something bigger at work: "A lot of people are sitting on cash and trying to decide what to do".
  • Qualcomm rejects 'final' Broadcom offer, but is deal actually off?

    Qualcomm rejects 'final' Broadcom offer, but is deal actually off?

    Economy

    Mr Tan said he was "astonished" the target wasn't willing to meet until Tuesday, after the companies are scheduled to meet with proxy advisers Glass Lewis and ISS. Another element of interest here is that even if the bid was accepted by Qualcomm, chances of it getting approved were quite slim as regulators might have decided that it would affect the balance of power in the smartphone chip market.
  • Where to find free or discounted pizza on National Pizza Day

    Where to find free or discounted pizza on National Pizza Day

    Economy

    PIZZA lovers - today is National Pizza Day meaning you can feast on your favourite treat and save money. It's also National Pizza Day . The demand for frozen food items has been on a rise since the past few years. Double the love, double the pepperoni with Papa John's Dual Layer Pepperoni pizza: through March 5th, get a large or pan crust Dual Layer Pepperoni pizza for only $10! Peter Piper Pizza - Get a large specialty pizza for 12.99.
  • Borrowers warned of imminent rise in United Kingdom interest rates

    Borrowers warned of imminent rise in United Kingdom interest rates

    Economy

    Federal Reserve, to further raise the bank rate. Economists think it is likely that the next rate rise will come in May, but are not certain. "The flip side of interest rate rises for defined benefit scheme members is that, should they increase by more than expected, the record high transfer values that we have seen are likely to come to an end".
  • Florida woman flushes pet hamster down airport toilet after being denied passage

    Florida woman flushes pet hamster down airport toilet after being denied passage

    Economy

    Aldecosea skipped her flight and tried to rent a auto instead, but said she was too young to rent one. "It was horrifying trying to put her in the toilet", Aldecosea said. She twice called Spirit in advance, to verify the hamster could fly. Eventually, a Spirit employee allegedly suggested that Aldecosea release the hamster outside or flush it down an airport toilet.
  • Snap Inc (SNAP) Says App Redesign Having Positive Effects

    Snap Inc (SNAP) Says App Redesign Having Positive Effects

    Economy

    Snap blew past Wall Street expectations with bumper revenue and daily active user growth. Shares in the owner of the Snapchat app's have had a poor performance since the company went public previous year amid concerns about competition from Instagram .
  • Gilead Sciences, Inc. (NASDAQ:GILD) To Release Earnings

    Gilead Sciences, Inc. (NASDAQ:GILD) To Release Earnings

    Economy

    About 448,535 shares traded. Gilead Sciences (NASDAQ: GILD ) last released its quarterly earnings data on Tuesday, February 6th. It has underperformed by 38.50% the S&P500. Daiwa Securities Grp reported 157,835 shares. This is not the biggest gains investors have seen in recent months as the GILD 12-month high is $89.54 with a corresponding 12-month low of 63.76.
  • Stock market turmoil extends to crude prices

    Economy

    However, crude imports in the country have fallen after the recent rise in the production and inventories last week. The US oil price benchmark, West Texas Intermediate crude, is now watched closely worldwide by foreign customers of US gasoline, diesel and crude.