Markets

US crude, gasoline inventories rise unexpectedly

US crude, gasoline inventories rise unexpectedly

Brent futures fell 37 cents, or almost 0.5 percent, to $79.20 a barrel by 0636 GMT, after climbing 35 cents on Tuesday. US refiner Valero Energy Corp this year boosted its imports of Venezuelan crude ahead of USA sanctions over the country's disputed presidential election and as other customers received less of the OPEC-member's exports, according to Thomson Reuters trade flows data. Read More

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Democrats Try to Hang Net Neutrality Vote on GOP in Midterms

Democrats Try to Hang Net Neutrality Vote on GOP in Midterms

Susan Collins of ME and John Kennedy of Louisiana joined Democrats in a 52-47 vote to undo the Federal Communication Commission's repeal order. He said the internet thrived long before the Obama administration stepped in, and he predicted that when the Trump administration's rule scrapping net neutrality goes into effect in June, consumers won't notice a change in service. Read More

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Oil prices race to $80

Oil prices race to $80

Worldwide benchmark Brent crude futures for the July delivery rose by 0.8 percent to $78.93 per barrel, marking a new high after hitting a 3-1/2 year high of $78.53 during the previous session. Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the worldwide market which saw the price leap to $78 yesterday, up from $67 April average. Read More

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Starbucks to allow anyone to use its bathrooms

Starbucks to allow anyone to use its bathrooms

Until now, Starbucks has held a "loose" policy of letting paying customers use the store's restroom, but managers had discretion to allow others to use the restroom as well. Clearly, people hang out in coffee shops all the time, sometimes even (gasp) near the bathrooms-which brings us to this new policy. Some of the men detained on April 12 has been denied entry using your bath before sitting to await a small business meeting. Read More

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Fayez Sarofim & Company Holding in Southwestairlinesco (LUV) Upped as Stock Price Declined

Fayez Sarofim & Company Holding in Southwestairlinesco (LUV) Upped as Stock Price Declined

Epoch Inv Prtn has invested 0.02% in Southwest Airlines Co . (NYSE:WTI). State Street holds 0% or 1.61M shares. Following the purchase, the director now owns 70,469 shares of the company's stock, valued at $3,963,881.25. (NYSE:WTI) for 2.70M shares. Southwest Airlines Co . (NYSE:LUV), maintained return on investment for the last twelve months at 12.64, higher than what Reuters data shows regarding industry's average. Read More

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Trump Quotes Old Lawyer To Slam Mueller For 'Screwing With' The President

Trump Quotes Old Lawyer To Slam Mueller For 'Screwing With' The President

Asked what questions might be appropriate, the lawyer Rudy Giuliani , a former NY mayor, suggested two to Reuters: "Was there some agreement with the Russians?" But he really has his heart into it. US President Donald Trump on Friday (May 4) shifted his position over possible talks with US Special Counsel Robert Mueller , saying his lawyers have advised him against any talks but that he would submit to questioning if it was "fair". Read More

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After Binny Bansal, Sachin may exit from Flipkart

After Binny Bansal, Sachin may exit from Flipkart

Although Sachin's exit from Flipkart looks imminent, Walmart is holding on to Kalyan Krishnamurthy, the web retailer's present chief executive, TOI further said citing sources. last week to oversee final lap negotiations with Walmart. People familiar with the negotiations said Walmart has been keen on retaining only one of the two founders as they fine-tune the deal. Read More

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Italy April factory activity growth weakest since Jan 2017 - PMI

Italy April factory activity growth weakest since Jan 2017 - PMI

In contrast to the trend we saw over the previous two months - and despite reports of improving domestic demand conditions - staffing levels stagnated at the start of Q2-2018. Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April. IHS Markit said optimism among manufacturers dipped to a five-month low in April as concerns about Brexit, trade barriers and the overall economic climate remained widespread. Read More

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Mueller gives list of questions to Trump's lawyers

Mueller gives list of questions to Trump's lawyers

Most of the questions the Times printed focus on whether Trump may have obstructed justice or tried to frustrate the FBI's Russian Federation investigation, including whether he asked then-FBI Director James Comey to lay off then-national security adviser Mike Flynn, whether he leaned on others to pressure Comey, and why he fired Comey. Read More

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Suppliers could be squeezed by Asda Sainsbury's merger

Suppliers could be squeezed by Asda Sainsbury's merger

Sainsbury's and Walmart's Asda are in talks to create Britain's biggest supermarket group, a combination which would surpass Tesco's grocery market share and be worth up to £15billion (R254.5bn). "It's a proud Yorkshire business and I'm a proud Yorkshire man so Asda, I'm delighted to say, will remain in Yorkshire with its headquarters in Yorkshire because this proposal is about a twin brand strategy with Asda and Sainsbury's remaining very much separate brands". Read More

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Asian Stocks Follow Wall Street Lower

Asian Stocks Follow Wall Street Lower

Volume on US exchanges was 6.67 billion shares, compared to the 6.75 billion average for the full session over the last 20 trading days. But the comments from Caterpillar's executives, as well as from other major companies like 3M and Sherwin-Williams, had investors worrying about whether that growth will show up. Read More

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Marquez wins sixth consecutive MotoGP in Austin

Marquez wins sixth consecutive MotoGP in Austin

MARC Marquez couldn't have headed to a better circuit after his turbulent fortnight. By the halfway mark, the race win was all but sealed as Marc Marquez was flying and his race lead was over five seconds. Marquez had seemed cavalier about the penalty that bumped him from pole position and showed why on Sunday: No other rider was in his class once the race started. Read More

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P&G To Acquire German Merck's Consumer Health Unit For $ 4.2 Billion

P&G To Acquire German Merck's Consumer Health Unit For $ 4.2 Billion

Net sales rose 4.3 percent to $16.28 billion, helped by demand for skincare products Olay and SK-II, as well as fabric and home care products such as Febreze. Merck will continue to focus on its pharmaceutical business. Merck has stated that the proceeds from the acquisition deal will help the firm minimize its debt, thereby offering more flexibility in running the company's operations. Read More

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International Business Machines Corporation (IBM)

International Business Machines Corporation (IBM)

It has underperformed by 10.35% the S&P500. BMO Capital Markets restated a hold rating and issued a $175.00 price objective on shares of IBM in a research note on Thursday, January 11th. About 1.76 million shares traded. Guggenheim initiated the shares of ADBE in report on Thursday, April 13 with "Buy" rating. California-based Telos Cap Management has invested 0.21% in International Business Machines Corporation (NYSE: IBM ). Read More

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ATMs across country go dry, Arun Jaitley says 'temporary shortage'

ATMs across country go dry, Arun Jaitley says 'temporary shortage'

The current currency in circulation is around Rs 18.04 trillion - this is marginally higher than the notes in circulation during demonetisation time, which was Rs 17.74 trillion. Seizing an opportunity, some opposition leaders didn't refrain from blaming the centre for the cash crunch . West Bengal Chief Minister Mamata Banerjee has commented that cash crunch in ATMs remind her of the demonetization days. Read More

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Volkswagen to replace CEO with VW brand chief Herbert Diess

Volkswagen to replace CEO with VW brand chief Herbert Diess

Longtime CEO Winterkorn quit after the firm admitted in 2015 to manipulating 11 million diesel vehicles worldwide to cheat regulatory emissions tests in a scandal that became known as " dieselgate ". The management revamp comes after the company posted record profit previous year. Mr. Diess has been running the Volkswagen brand since 2015. Volkswagen may replace its chief executive as part of a management restructure, the vehicle maker has said. Read More

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