Economy

Paris: French President-Elect Emmanuel Macron won an offer of support from Socialist ex-Prime Minister Manuel Valls on Tuesday as he and his aides worked on strategy ahead of parliamentary elections crucial to his reform plans. The rest will be from the centrist Modem party or rebels from the Socialists and right-wing Republicans. Macron, who will be inaugurated on Sunday, has said he is aiming for an absolute majority in the lower chamber in June's elections.
  • UBS Securities Gives Kohl's Corporation Price Target With Potential 4.25% Upside

    UBS Securities Gives Kohl's Corporation Price Target With Potential 4.25% Upside

    Economy

    Overall, Kohl's said sales fell 2.7 percent at established stores during the February to April period. First Trust Advisors LP raised its stake in shares of Kohl's Co.by 12.5% in the third quarter. will post $3.64 EPS for the current year. Several research firms have commented on KSS . Kohl's Corporation had 47 analyst reports since August 6, 2015 according to SRatingsIntel.
  • OPEC calls for 'collective efforts' to counter U.S. oil boom

    Economy

    U.S. West Texas Intermediate (WTI) crude oil futures were trading at $46.66 per barrel, up 23 cents, or 0.5 percent from the day before. For the week ended May 3, the EIA said that crude oil inventories fell by 5.25 million barrels, which confounded expectations of a draw of 1.79 million barrels.
  • Obama's Russia Ambassador Doubts Sally Yates' Blackmail Claim About Michael Flynn

    Obama's Russia Ambassador Doubts Sally Yates' Blackmail Claim About Michael Flynn

    Economy

    Flynn, who was removed by President Barack Obama in 2014 as the director of the Defense Intelligence Agency, was sacked by Trump 18 days after Yates' warning , following public revelations about his false statements. Mr Pence said in January that Mr Flynn denied those calls involved sanctions placed on Russian Federation by the Obama administration in response to its election meddling.
  • Coach to acquire handbag company Kate Spade for $2.4bn

    Coach to acquire handbag company Kate Spade for $2.4bn

    Economy

    This represented a premium of about 27.5 percent from the closing price of December 27 before the speculation about a potential transaction started. "Kate Spade has created a very unique positioning in the marketplace - they own the emotional attributes around fashion that are connected with fun, fashionable and femininity that resonates both in the USA but globally with consumers", Coach CEO Victor Luis told TheStreet in an interview .
  • Mnuchin: US partners more comfortable with Trump on trade

    Mnuchin: US partners more comfortable with Trump on trade

    Economy

    Morneau and Mnuchin met on the sidelines of the Group of Seven finance ministers' meeting in Bari, Italy . The meeting focused on finance and security issues such as keeping multinationals from dodging taxes and a collective response to cybercrime like the ransomware attack that hit dozens of countries on Friday.
  • Nadal snaps winless streak vs Djokovic to reach Madrid final

    Economy

    Nadal, a four-time Madrid champion, improved to 14-0 on clay this season and reached the final of the ATP World Tour Masters 1000 event for the seventh time in nine years. "He did whatever he wanted, especially in the first set". The wayward form of Djokovic continued in the third game, two more errors, and an off-forehand victor from Nadal, and it was another break, and if that had thrilled the Spanish fans, a love hold, made with a smash and a forehand victor, had them in a state of ...
  • At least 74 countries affected in 'biggest ever' cyber attack

    Economy

    Researchers with security software maker Avast said they had observed 57,000 infections in 99 countries with Russia, Ukraine and Taiwan the top targets. "I don't believe it will have been a targeted attack, but will simply have been that the ransomware has sought out those organizations that are running susceptible devices", he said.
  • British central bank: consumers squeezed by inflation

    Economy

    The earnings result is not expected to directly impact the Pound , but slowing wage growth and rising inflation could cause a wage squeeze. In the latest quarterly inflation report , which is published every three months on a "Super Thursday", the Bank slightly raised its growth forecasts for the United Kingdom economy for 2018 and 2019 to 1.7% from 1.6% in February's projection.
  • Wesco Aircraft Holdings Inc (WAIR) Releases Q2 Earnings Guidance

    Economy

    Norges Bank acquired a new position in Wesco Aircraft Holdings during the fourth quarter valued at $14,084,000. Royce & Associates LP boosted its stake in Wesco Aircraft Holdings by 9.4% in the first quarter. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
  • Trump's tax plan could cost an estimated $5.5 trillion

    Trump's tax plan could cost an estimated $5.5 trillion

    Economy

    National Economic Director Gary Cohn, right, yields the podium to Treasury Secretary Steve Mnuchin in the briefing room of the White House in Washington , Wednesday, April 26, 2017, where they discussed President Donald Trump tax proposals .