Economy

White House spokesman Sean Spicer also read a statement on Moon's election win. Economically, Xinhua argues, South Korea should look to Beijing and not Washington for expanded opportunity: "With China being the country's largest trading partner and a major source of its trade surplus, it is apparently desirable for the new South Korean leader to join hands with China and work for constant improvement in their ties".
  • USA announces deal to boost exports with China

    USA announces deal to boost exports with China

    Economy

    Department of Agriculture's Foreign Agricultural Service. North American Meat Institute (NAMI) chairman and Bob Evans Farms president and chief executive officer Mike Townsley responded to the news by saying, "The meat industry has long sought access to the Chinese market for USA beef, making today's announcement a significant and very welcome milestone ".
  • Arbor Realty Trust, Inc. (ABR) Going Through Hard Times This Year

    Economy

    A widely used metric is a company's preice to earnings ratio. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. Tensile Capital Management Llc sold 302,000 shares as Ptc Inc (PTC)'s stock rose 2.57%. Now the P/E of Arbor Realty Trust Inc. stands at 10.7. For trailing twelve months, EPS value for the stock is $-1.27.
  • Workers plug hole in collapsed tunnel at United States nuclear site

    Economy

    About six Hanford employees discovered the tunnel collapse Tuesday morning and an emergency was declared about 8:30 a.m. Energy Department officials said that there was "no indication of a release of contamination at this point" but that crews were still testing the area for contamination.
  • US wants to ban laptops on flights from Europe

    Economy

    As NPR's Jason Slotkin reported , the airline cited the Trump administration's bans on travel from other Muslim-majority countries, now held up by the courts, as additional factors in the reduction of business. Airlines For America, which said it was "represented" at the meeting, told IBD that it continued to believe that "security and efficiency are not mutually exclusive goals" and would work with DHS and the TSA on making travel smooth and safe.
  • Opec output cut extension emerging hope, may pave the way for recovery

    Economy

    The bank also said that a fall by 5.3 million barrels in US crude inventories C-STK-T-EIA this week to 522. 5 million barrels was "providing some fundamental support for prices". NEW YORK, May 11 ( Reuters ) - Oil prices rose more than 1 percent on Thursday, as large drawdowns in USA inventories and growing support for continued OPEC output cuts boosted confidence that a seemingly insurmountable glut might finally diminish.
  • Jefferies Group LLC Boosts Dcc Plc (DCC) Price Target to GBX 8500

    Economy

    In a research report sent to investors on Friday morning, Jefferies restate their Hold rating on shares of AZN. The rating was maintained by Shore Capital on Thursday, September 17 with "Hold". Tyson Charles E sold 18,944 shares worth $2.91 million. Investors sentiment decreased to 1.54 in Q4 2016. Its up 0.03, from 1.02 in 2016Q3. 40 funds opened positions while 100 raised stakes.
  • Travelers scuffle with Spirit Airline workers amid flight cancel

    Economy

    A brawl broke out at Fort Lauderdale Airport Monday, as passengers angry over flight delays clashed with police. Video posted online showed deputies grappling with screaming passengers and breaking up fights. Fort Lauderdale-Hollywood International Airport was the scene of a January mass shooting that killed five people and wounded six. The airline won a federal court order on Tuesday ordering the union to have its members again start flying their normal allotment of flights.
  • 5 key games in Chelsea's Premier League title success

    5 key games in Chelsea's Premier League title success

    Economy

    Chelsea regained the Premier League trophy on Friday with Michy Batshuayi the star - both on the field and on social media. League rules however dictate that players are only guaranteed a medal if they play a minimum of five matches. Just as Chelsea appeared to be in control, they survived two scares in quick succession as Albion enjoyed their best spell of the game. After Chelsea keeper Thibaut Courtois was called into action in the opening couple of minutes, pushing over Salomon ...
  • Coach confirms acquisition of Kate Spade

    Economy

    American bags and accessories design house Coach has acquired its rival Kate Spade for United States $2.4 billion. This represented a premium of about 27.5 percent from the closing price of December 27 before the speculation about a potential transaction started.
  • U.S., EU Officials to Discuss Airline Electronics Ban Next Week

    Economy

    Nearly two months after the Department of Homeland Security instituted a ban on large electronics on US -bound flights from several countries in the Middle East, the agency is considering expanding the prohibition to flights from Europe. On Wednesday, Reuters reported that the Trump administration is likely to include some European countries in the in-cabin electronics ban. Bulc stressed concerns over the potential safety risk of storing large numbers of personal computers in the baggage ...
  • Fed likely to leave rates alone but signal more hikes coming

    Economy

    The decision leaves the benchmark short-term fed-funds rate in a range of 0.75% to 1%. While acknowledging that the pace of growth in the US economy was slower than expected during the first quarter, Fed officials remained bullish on the country's economic prospects.