Economy

Oil prices had some spring in their step midday Wednesday after USA government data confirmed a larger-than-expected fall in US crude inventories as refineries cut output. "We really need to see some of the data starting to support the idea that global inventory levels are coming down", Saxo Bank senior manager Ole Hansen said, noting there have also been signs of wavering in terms of demand growth.
  • China pledges $124b for new Silk Road plan

    Economy

    Chinese President Xi Jinping delivers a keynote speech at the opening ceremony of the Belt and Road Forum (BRF) for International Cooperation in Beijing, capital of China, May 14, 2017. But officials have expressed concern Beijing might use "Belt and Road" to promote exports by encouraging its neighbors to adopt China's industrial standards for railways and other goods.
  • Baby on Board badge not just for cars in New York

    Baby on Board badge not just for cars in New York

    Economy

    Senior citizens, pregnant or disabled passengers can request MTA-issued buttons, signaling to other riders that they're seeking a seat, according to the release. Dutchess of Cambridge Kate Middleton brought global attention to the program when she wore an official "Baby on Board" button in 2013. I'm not pregnant, but when it comes to manspreaders or women who keep their bags on the seat next to them, I'm a big fan of saying "Hey, I'd like to sit" and watching their faces fall as they realize ...
  • Mobile US, Sprint restart merger talks

    Mobile US, Sprint restart merger talks

    Economy

    After the ban was lifted in late April, reporters asked Deutsche Telekom chief Tim Hoettges whether he would consider a merger, and he said T-Mobile is willing to look at deals and partnership offers from interested companies. Sprint may not represent an enticing target for T-Mobile considering their struggles to keep customers. Sprint parent Softbank named T-Mobile on 10 M ay as the "most orthodox choice".
  • United Airlines says cockpit door access info may have been made public

    United Airlines says cockpit door access info may have been made public

    Economy

    The security measures allow pilots to override efforts by anyone from entering the cockpit, regardless of whether the correct codes are entered. In messages obtained by CNN , the airline's pilots were told "flight deck access procedures may have been compromised and a corrective plan was being established".
  • Tour operator TUI Group says UK sales slow, shares drop

    Tour operator TUI Group says UK sales slow, shares drop

    Economy

    Revenue for the summer is 8% ahead of the previous year while customer numbers have gained 4%. The group noted that "current trading for summer 2017 is in line with expectations", with customer numbers up on a year ago. "Also we've had last year a profit increase of 14.5 percent and we guided for this year another profit increase of 10 percent - and the basis for that is a transformation story", Friedrich Joussen, CEO of TUI Group, told CNBC Monday.
  • Coach Just Bought Kate Spade & Here's What That Means for Bargain Hunters

    Coach Just Bought Kate Spade & Here's What That Means for Bargain Hunters

    Economy

    Given Coach's extensive worldwide presence, it would put the company in a good position to "unlock Kate Spade's largely untapped global growth potential", according to Victor Luis , CEO at Coach. Last month, Reuters reported that Kate Spade would need more time to negotiate a sale after receiving an offer from Coach . Coach has worked its way out of considerable doldrums to reclaim its place as a more upscale accessories retailer after heavy discounts and outlets sales damaged its ...
  • Technical Analysis Perspective: CARVANA CO. (CVNA), Synergy Pharmaceuticals Inc. (SGYP)

    Technical Analysis Perspective: CARVANA CO. (CVNA), Synergy Pharmaceuticals Inc. (SGYP)

    Economy

    The Stock now has a Weekly Volatility of 5.03% and Monthly Volatility of 4.10%. Synergy Pharmaceuticals Inc (NASDAQ: SGYP ) have shown a low EPS growth of -31.80% in the last 5 years and has earnings growth of -16.80% yoy. Previously Synergy Pharma Cmn (NASDAQ:SGYP) reported $-0.3 earnings per share (EPS ) for the quarter, missing the consensus estimate of $-0.23 by $-0.07.
  • Santa Clara man breaks up fistfight on Southwest flight

    Santa Clara man breaks up fistfight on Southwest flight

    Economy

    Southwest spokeswoman, Alyssa Eliasen, said police were summoned and one passenger, identified as 37-year-old Chaze Mickalo Cable, was arrested. A massive brawl broke out at a Florida airport following a series of fights being canceled this week, Fox News reports .
  • Mariners fall to Blue Jays 7-2, Smoak 3-3, 4 RBI's

    Mariners fall to Blue Jays 7-2, Smoak 3-3, 4 RBI's

    Economy

    Ryan Tepera (3-1) pitched 2 1/3 ideal innings to earn the win as the Blue Jays (17-21) completed a four-game sweep of the Mariners (17-21). "It's an expensive DL though, I'll tell you that". With a starting rotation gutted by injuries and suspect middle relief pitching, the Mariners willl likely have to score at least five runs to win games.
  • Hanford crews work overnight to begin tunnel repairs

    Hanford crews work overnight to begin tunnel repairs

    Economy

    Department of Energy officials said . In the 1950s and 1960s, two tunnels were constructed next to PUREX, in an industrial area near the center of Hanford that is called the 200 East Area. Energy Department Secretary Rick Perry has been briefed on the incident. Personnel at the site have been evacuated, the department says, and workers nearby have been sent indoors "as a precaution".
  • US Defense Chief Affirms Commitment to Protecting Turkey

    US Defense Chief Affirms Commitment to Protecting Turkey

    Economy

    The Pentagon on Tuesday said it was aware of concerns in Turkey, a North Atlantic Treaty Organisation ally that has given vital support to a US-led campaign against ISIS in Syria and Iraq. "I hope very much that this mistake will be reversed immediately", Erdogan said. The official, who wasn't authorized to discuss the issue publicly and spoke on condition of anonymity, said the USA has yet to provide the weapons.