Business

European Union presidency urges Britain to ditch Brexit

Speaking in a joint press conference with Theresa May in Berlin , Mrs Merkel said that a bespoke deal did not have to mean Britain that was "cherry-picking" the best elements of the single market without paying the price for European Union membership.

Kraft Heinz says it cut costs by $1.7bn in 2017

KHC has been the subject of a number of research analyst reports. As the current market price of the stock is $2.47 and diluted EPS for the trailing twelve month is -0.79, the P/E ratio for the stock comes out as N/A. Considering that the stock recent volume of 7410879 shares, this represents a pretty noteworthy trading in volume size. Blue Chip Partners Inc. boosted its stake in The Kraft Heinz by 0.5% in the 2nd quarter.

Girl Scout Sells Cookies Outside Pot Dispensary In CA

Urbn Leaf, a marijuana dispensary in San Diego, posted a photo of a Girl Scout selling the organization's iconic cookies outside, prompting praise and questions about the sales. The Girl Scout Cookie Program is the largest entrepreneurial program for girls in the world that teaches girls essential life skills, including goal setting, decision making, money management, people skills and business ethics.

BP records 'one of the strongest years'

BP further reported that its exploration had delivered the most successful year for the company since 2004, while the group's upstream production jumped 12 percent. BP's organic capital expenditure for 2017 was USD16.5 billion, within the company's USD15.00 billion to USD17.00 billion guidance, which BP had said in October would in part be covered by asset sale proceeds.

Weekly Crude Oil Review: Soaring US Output Weighs On Sentiments

According to the EIA, global oil demand increased to 98.38 million barrels a day in 2017 up from around 92 million barrels of oil a day in 2015. US oil production, led by record output in Texas, averaged more than 10 million barrels a day for the first time since 1970 as oil prices rose, drillers became more efficient, and export markets grew.

Brighton Jones LLC Raises Position in Wells Fargo & Co (NYSE:WFC)

Wells Fargo & Co has a 52 week low of $49.27 and a 52 week high of $66.31. At the close of regular trading, its last week's stock price volatility was 8.42% which for the month reaches 7.21%. Capital World Investors now owns 111,753,448 shares of the financial services provider's stock worth $6,192,259,000 after purchasing an additional 10,927,679 shares in the last quarter.

President's power to oust consumer watchdog's chief is curbed by court

Finally, the majority held that the functions of the CFPB and its Director, unlike, for example, the Secretary of State or another Cabinet officer, are not core executive functions, and financial and consumer protection regulators have always been afforded a degree of independence, citing the FTC, the Federal Reserve, the FDIC, and others as examples.

Chevron makes major oil discovery in Ballymore prospect in US

The company revealed that now a sidetrack well is being drilled to further evaluate the Ballymore discovery and to start chalking out development options. The company said it expected global deepwater production to exceed 900,000 boe per day by 2020, from already established areas. A sidetrack well is now ongoing to confirm the upside potential.

EBay drops PayPal as first choice for payments

Other analysts, however, said PayPal, which has been eBay's preferred provider for the past 15 years and will remain a payment page option on the platform for the foreseeable future, had the scale to ride out the blow. "The planned evolution of our relationship with EBay is consistent with our strategic direction and growth opportunities and does not alter our financial guidance", PayPal spokeswoman Amanda Miller said.

Facebook Bans Ads for Cryptocurrencies and ICOs

Bitcoin's price slumped on Tuesday night as Facebook announced it would ban adverts promoting cryptocurrencies and United States authorities launched a probe into a large online exchange. Facebook is taking a stand against questionable financial products. Facebook, along with its other properties including Instagram, won't allow ads that say "Use your retirement funds to buy Bitcoin!" for example, or those that promote binary options trading, a risky derivative with an all-or-nothing payoff.

Keurig Green Mountain is merging with Dr. Pepper Snapple

PAPER DEAL: KapStone Paper and Packaging Corp . soared 29.9 per cent after it agreed to be bought by rival WestRock for $35 a share, or $3.39 billion. (NYSE:DPS) is 30.00000. The Q.i. Jefferies maintained the shares of DPS in report on Thursday, July 6 with "Buy" rating . The stock presently has an average rating of "Hold" and a consensus price target of $102.38.

Great Britain's select biggest Winter Olympics team ever for Pyeongchang

Team GB, who had a total of 56 athletes in Sochi, will be hoping to surpass the best-ever return of four medals - achieved in Chamonix in 1924 and four years ago in Sochi - for the Games which run from February 9-25. Years of training and endless hours in the gym mean these women have hit peak human fitness, which pays dividends for them as athletes, and us, the spectators.

Dow opens at record on better-than-expected earnings, continuing economic growth

But Wynn Resorts plummeted 10.1 per cent after the Wall Street Journal published an investigation outlining numerous complaints of sexual misconduct by billionaire casino mogul Steve Wynn. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 35.21 points, or 0.22 per cent, at 16,239.22. U.S. Treasury yields climbed after the U.S.

Three leaders of USA Gymnastics step down

Olympic Committee on Twitter , chiding the organization for "shamelessly taking credit" for the resignations of three top board members at USA Gymnastics . Miller continued her statement, by asking Nassar to write down every single time that MSU , USA Gymnastics , and Twistars, the MI gymnastics club where some of Nassar's abuse occurred, "could have" and also "should have" stopped him from abusing his patients.

Lloyds Group offers £50m for Carillion's small business victims

The government is setting up a Carillion task force formed of business and unions to help with the fallout of the collapsed contractor. It said it wanted to provide "reassurances" at an "unsettling" time. The lender will also take over contracts arranged by Carillion, which provide employment for another 1,500 workers. "We want those other private sector companies to take on those workers".

UP police busts biggest haul of demonetised currency notes in Kanpur

The haul, with banned notes making up a bed-sized stack of cash, is the biggest since Rs 500 and Rs 1000 notes were removed as legal tender in November 2016 during the demonetisation drive. They were arrested along with the builder. A senior police officer, who was leading the investigation team, said that the arrested persons were part of old currency racket, which was active in the exchange of demonetized currency notes.

Bitcoin sinks 20 percent as cryptocurrencies plummet

Bitcoin was trading at $13,209.25, down 2.8 percent from the day before as of 7:13 a.m. GMT, according to Coindesk, after falling earlier by as much as 7 percent. "South Korea holds some of the world's largest crypto-currency exchanges, so a ban is expected to disrupt Bitcoin trading", said a note from British consultancy Capital Economics, which also alluded to Chinese concerns of bitcoins's effect on financial stability.

UnitedHealth Group Incorporated (NASDAQ:UNH) To Report Earnings

About 13.11 million shares traded. Analysts forecast that UnitedHealth Group Incorporated will post $8.02 EPS for the current year. It has outperformed by 16.06% the S&P500. $2.88M worth of UnitedHealth Group Incorporated (NYSE: UNH ) shares were sold by BURKE RICHARD T. First Personal Financial Services, which manages about $474.22 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 4,003 shares to 30,540 shares, valued at $4.71M in 2017Q3, according to the ...

Carillion files for liquidation after lending talks fail

The demise of the 200-year-old business "poses a major headache for Theresa May's government, which has employed Carillion to work on 450 projects including the building and maintenance of hospitals, prisons, defence sites and the country's new superfast rail line", says Reuters .

US Direct Flights Plan to Create 150 Jobs at Kenya Airways

Kenya Airways flight will be the fastest connection from East Africa to NY, with 15 hours duration eastbound and 14 hours westbound and will be operated by a Boeing 787 Dreamliner. "The flights will substantially boost Kenya's global profile as a tourism destination as they will provide a shorter, quicker and more affordable connection for tourists and business", she said.