Economy

As the numbers increased, Trump tweeted today: "For every CEO that drops out of the Manufacturing Council , I have many to take their place". President Trump's two business councils were already on shaky ground Wednesday. Without mentioning the president by name, he criticized those more interested in attacking critics than focusing on making progress. Before diving back into the Charlottesville controversy in his remarks Tuesday, Trump said people are quitting the manufacturing board ...
  • IndiGo airlines denies reports of cancellation of flights

    IndiGo airlines denies reports of cancellation of flights

    Economy

    Our schedule was planned in the month of June itself pertaining to non-availability of these aircraft for the month of July, August and September. IndiGo, India's biggest airline, today said it has grounded eight Airbus A320 neo jets amidst reports of engine problems with its Airbus A320 neo jets, even as the no-frills carrier refuted media reports that the airline had grounded 13 planes and that it was forced to cancel 84 flights because of the engine problem.
  • India Grounds Hundreds of Airbus A-320 (NEO) Due to Technical Snag

    India Grounds Hundreds of Airbus A-320 (NEO) Due to Technical Snag

    Economy

    Earlier this month, IndiGo said that it had received a compensation from Pratt & Whitney as the manufacturer is struggling to improve the equipment used in air engines that power Airbus SE's new A320 Neo jets. "All passengers have been informed of the changes and accommodated accordingly", a statement issued by the airline said. "There is no new development pertaining to the grounding of Neos".
  • European markets open lower

    European markets open lower

    Economy

    The terrorist attack took place in Barcelona late on Thursday afternoon, when a van drove through a crowd in a busy tourist area causing the deaths of 13 people. British Airways owner International Consolidation Airlines Group ( IAG ) was one of the worst performing FTSE 100 stocks, down 2% or 13p at 611p in morning trading, while travel agency TUI dropped 0.5% to 1,327p.
  • Statements by 3 CEOs on Quitting Trump Council

    Statements by 3 CEOs on Quitting Trump Council

    Economy

    Frazier's resignation comes shortly after a violent confrontation between white supremacists and protesters in Charlottesville , Virginia, that left one person dead and 19 injured. "The AFL-CIO has unequivocally denounced the actions of bigoted domestic terrorists in Charlottesville and called on the president to do the same", Trumka said in a statement.
  • Ford Motor Co. (F)

    Ford Motor Co. (F)

    Economy

    It has underperformed by 33.33% the S&P500. The company also is investing $1 billion in a budding robotics startup, Argo AI, to acquire more expertise for autonomous vehicles. Wunderlich maintained the stock with "Buy" rating in Thursday, September 8 report. Company insiders own 1.08% of the company's stock. On Thursday, March 2 the insider Fowler Bennie W .
  • Hargreaves Lansdown PLC (HL) Receives

    Hargreaves Lansdown PLC (HL) Receives "Buy" Rating from Shore Capital

    Economy

    Robert W. Baird has "Neutral" rating and $77 target. The firm earned "Overweight" rating on Thursday, May 25 by Barclays Capital. On Friday, March 24 the stock rating was maintained by RBC Capital Markets with "Sector Perform". It has a 47.59 P/E ratio. About 18,316 shares traded. Canaccord Genuity reiterated a "hold" rating and set a GBX 60 ($0.78) price target on shares of Debenhams Plc in a research report on Thursday, April 20th.
  • Hibbett Sports, Inc. (HIBB) Set to Announce Quarterly Earnings on Thursday

    Hibbett Sports, Inc. (HIBB) Set to Announce Quarterly Earnings on Thursday

    Economy

    The company traded as low as $12.20 and last traded at $12.28, with a volume of 1,035,020 shares. Stratasys, Ltd. (SSYS) has risen 41.74% since August 15, 2016 and is uptrending. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. (NASDAQ:HIBB) earned "Buy" rating by Suntrust Robinson on Wednesday, November 18.
  • Trump says CEOs who quit his council are 'grandstanders'

    Trump says CEOs who quit his council are 'grandstanders'

    Economy

    He added: "You can be sure we will charge and advance the investigation towards the most serious charges that can be brought, because this is an unequivocally unacceptable and evil attack that cannot be accepted in America". Grandstanders should note have gone on. Krzanich becomes the third member of the council to resign over the recent Charlottesville rioting, following Kevin Plank of Under Armor and Kenneth Frazier of Merck earlier in the day.
  • Trump Dissolves Two Business Councils After Top CEO's Quit

    Trump Dissolves Two Business Councils After Top CEO's Quit

    Economy

    He stepped down from President Trump's manufacturing council, saying "America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy". "The past few months have provided me with an opportunity to reflect upon my commitment to these values", he said in his statement announcing his resignation.
  • AFTER HOURS: Clothes retailers Ross Stores and Gap in demand

    AFTER HOURS: Clothes retailers Ross Stores and Gap in demand

    Economy

    Shares of Gap jumped 6.5%, undergirded by Old Navy, which was the only global brand in the company to post growing same-store sales for the quarter. About 1.71 million shares traded. During the same period past year, the business earned $0.71 earnings per share. On average, equities analysts predict that Ross Stores will post $3.16 earnings per share for the current year.
  • RBI announces new Rs 50 note, old notes to remain legal tender

    RBI announces new Rs 50 note, old notes to remain legal tender

    Economy

    With fluorescent blue as its base colour, the new Rs50 notes will bear the picture of the iconic stone chariot at Hampi, Karnataka on the reverse and will measure 66 mm x 135 mm. The Reserve Bank Of India will "shortly issue" new Rs 50 banknotes in the Mahatma Gandhi series, it said in a press release on Friday. ALSO READ: Hiring in India! This is the third currency note that has been introduced post-demonetisation, after ₹2,000 and ₹500.