Business

U.S. tweaks sanctions on Russian Federation spy service FSB

During a brief background call with reporters, a senior Treasury official said the department's Office of Foreign Asset Control, which oversees sanctions, had begun to get complaints from us companies on December 30, and that the change covered mostly consumer devices and consumer software.

H&M's expansion plan calls for new stores and added emphasis on digital

H&M announced Tuesday in its full-year earnings report that it will no longer work to open 10% to 15% more physical stores each year and instead aim to increase sales at current divisions by the same levels. After the Tax Sweden based company's profits were recorded 18.636 billion kronor in the year ending 30 November 2016. Analysts polled by FactSet had expected net profit of 5.42 billion kronor.

Trump To Target H-1B Visas; What It Means For Indian IT

The bill will make it hard for firms to use the programme to replace American employees with foreign workers. "The new bill does not treat all IT companies with H-1B visa holders equally", Shivendra Singh, vice-president and head of global trade development of the National Association of Software and Services Companies ( Nasscom ), told the BBC.

Five-year-old boy handcuffed at Dulles airport

CBP issued a statement claiming it was complying with both the court and executive orders: Upon issuance of the court orders yesterday CBP immediately began taking steps to comply with the orders. Instead, CBP kept the Dulles detainees-and it still isn't public how many lawful American residents were held there, and for how long-from having face-to-face conversations with attorneys.

GM and Honda plunge $85M into hydrogen fuel cell push

The joint venture, Fuel Cell System Manufacturing will begin producing the fuel cell systems around 2020 at GM's Brownstown Township, Mich., plant south of Detroit , where the automaker already produces battery packs for hybrid and electric vehicles.

Demonstrators at SFO loudly protest Trump's immigration ban

At least 200 people were in attendance at a protest outside of City Hall in the Central Business District. People have called for more such protests outside airports across the country in the days to come. Another protest is planned for this afternoon outside Terminal A at the Philly airport. "Congressman Darren Soto believes this executive order is unnecessary, unconstitutional and un-American".

Today, US Gets Back Control of Its Border

The order will jump-start the process of building the wall , which was one of the President's primary campaign promises. "We're going to restore the rule of law in the United States", President Trump said during a speech at the Department of Homeland Security on Wednesday.

Keystone XL builder sends new permit application to Trump

On Tuesday, US President Donald Trump signed executive orders to advance the construction of the Keystone XL and Dakota Access pipelines. "I've always thought it was the right thing to do, and I've always said, eventually, you know, the right thing happens if you're patient", said TransCanada CEO Russ Girling in a video statement.

Linda McMahon confirmation hearing underway in Washington

McMahon repeatedly responded to questions by recounting anecdotes about what she learned about the needs of small businesses during her Senate campaigns. Karen Mills, who led the agency from 2009 to 2013, said she's happy the position will remain as a Cabinet-level position. She said she would advocate on their behalf if confirmed, which she is expected to be.

NAR existing-home sales: 'Soft' ending to a strong year

December's report surprised analysts who had forecast a more modest decline with existing-home sales dropping 1.1% to an annual rate of 5.52 million sales, according to Reuters. The torrid pace in November "constrained inventory", as did climbing rents, home prices and mortgage rates which were squeezing potential buyers out of the market, Yun said.

OPEC, Russia Meet to Check on Oil-Cuts Progress

They intend to prove the group is serious about finally eliminating a three-year crude oversupply and dispel skepticism stemming from previous unfulfilled promises. The committee will hold monthly meetings, they said. Crude has since slipped about 5 percent from that peak as traders await proof that they will follow through on the deal.

What are Analysts report about: The Procter & Gamble Company (NYSE:PG)

Analysts rating the company a 4 or 5 indicate a Sell recommendation. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 13 analysts given HOLD rating to the stock. In related news, insider Price Matthew sold 3,081 shares of the company's stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total transaction of $267,738.90.

Axis Bank's Profit Declines, Asset Quality Worsens In Third Quarter

The asset quality of the bank's loan book, however, deteriorated with more slippages. The city-based lender had reported a post tax profit of Rs 675.6 crore in the corresponding October-December period past year. Gross non-performing assets (NPAs), at Rs 1,005.9 crore, rose almost ten percent sequentially from the three months ended September 2016. Net interest income (NII) grew 4 per cent y-o-y to ₹4,334 crore in Q3 FY17 (₹4,162 crore in Q3 FY16).

Pearson shares fall 27% on profits and dividend warning

Meanwhile Pearson said it managed to meet its operating profit target for 2016, in spite of an extraordinary decline in demand in North America educational publishing market in the fourth quarter. Bertelsmann has repeatedly said that it wanted to increase its stake in Penguin Random House , the largest general-interest paperback publisher in the world.

Luxottica and Essilor merge (2)

Del Vecchio will be the single largest shareholder with his Delfin holding company owning a stake of between 31 and 38 percent. The companies added that the new entity would have a combined revenue of more than 15 billion euros, and that major cost-savings would result from the transaction.

Billionaire George Soros Makes a Huge Stock Miscalculation

Billionaire George Soros, a major Hillary Clinton supporter, lost close to $1 billion in trades by betting stocks would collapse after Donald Trump's stunning victory in November, it was reported Thursday. Druckenmiller, who spent $3.5 million on donations to Republicans - a small amount compared to Soros's $20 million in 2016 - "scored gains of more than 10% in 2016" through his own firm, the Journal reports.

Analysts Estimates and Ratings: Ford Motor Co. (NYSE:F)

Teacher Retirement System of Texas increased its stake in shares of General Motors Company by 3.0% in the third quarter. The company is benefitting in part due to its strong mix of SUVs and other higher-margin vehicles that are heavily in demand.

AT&T does not expect to seek FCC approval to buy Time Warner

The merger is strongly opposed by consumer groups since it would give AT&T control over Time Warner properties like CNN, HBO and the Harry Potter franchise. The FCC is by far the bigger threat, since it has a broad mandate to kill mergers it thinks aren't in the " public interest ", and can also put restrictions on the merger.

BJP national executive to laud PM Modi on 'surgical strikes', note ban

Earlier, ahead of the national executive meet, BJP president Amit Shah addressed the party office-bearers. Reminiscent of former PM Indira Gandhi's "Garibii Hatao" slogan of the 70s, Modi, sources said, told a closed-door BJP national executive meet in Delhi that "Gareebi humare liye seva ka avsar hai, gareeb ki seva prabhu [God] ki seva ke samaan hai".

McAvoy, Lindgren Grab Gold with Team USA at WJC

In their first semifinal game against Switzerland, a team the U.S. should have beaten handily, it all seemed to fall apart. It was a captivating, back-and-forth affair that was rife with drama and tension and emotion. But for the objective of today's column, he's the man who coached Team Canada in back-to-back World Junior seasons in 2005 and 2006, recording unbeaten records in both.