Economy

Mallya was arrested by the Scotland Yard , London earlier today and was later released on bail. The agency was probing him since 2014, first as part of a preliminary enquiry and later registering a case against him in July 2015. Britain had turned down the initial request for his deportation previous year, saying he entered the country on a valid passport. The court concluded the proceedings after a three-and-a-half-hour hearing during which the Centre contended that Mallya was mocking ...
  • Netflix nears 100 million subscribers

    Netflix nears 100 million subscribers

    Economy

    The firm increased revenues by over a third to $2.64bn for the quarter compared to the first three months of previous year, while net income rose to $178m from $28m. Netflix needs subscribers to support all that spending, which is what has Wall Street anxious. HBO takes pride in having 134 million subscribers at the global level, covering viewers paying for an internet-only variant of the channel that was sparked by Netflix's success.
  • Former RCB owner Mallya arrested in the UK

    Economy

    Known for his flamboyance, the only reference Mallya made to his arrest was to blame the Indian media with an earlier tweet. "He was arrested after attending a central London police station and will appear at Westminster Magistrates' Court".
  • Vijay Mallya arrested in London, gets bail within hours

    Economy

    Former employees of Kingfisher had hailed his arrest and pinned hope that justice will be delivered to them at the earliest. India's Central Bureau of Investigation (CBI) and Enforcement Directorate initiated criminal investigation against Mallya in July 2015 and January 2016 respectively under the Prevention of Money Laundering Act.
  • What last-minute income tax filers need to know

    What last-minute income tax filers need to know

    Economy

    Or, you can create a Tax Day slush fund and funnel as much as you can into an automatic savings plan starting today. If you owe taxes, they're still due by midnight Tuesday or you'll face penalties and interest. Make sure all Social Security numbers included on your return are correct. To qualify, a taxpayer must have earned income from a job, self-employment or even some disability payments.
  • Expert says May seeks to cover bases by announcing early election

    Expert says May seeks to cover bases by announcing early election

    Economy

    According to the BBC , May had explained the decision by citing opposition to her plans on Brexit , with the UK's Labour party threatening to vote against the final plan. "Every day has been a privilege and a pleasure but it can't go on for ever and the electoral cycle means that each incumbent has to think again about what's best for them, the constituency and the Party", he said in the letter.
  • Markets Right Now: Health care, banks lead US stocks lower

    Markets Right Now: Health care, banks lead US stocks lower

    Economy

    U.S. equities were on the back foot all day, following European markets down after the surprise call for snap British elections, and ahead of Sunday's first round of voting in the French presidential election. Goldman Sachs reported a sharp increase in first-quarter profits , but markets had been expecting more and shares in the bank fell 3.4% in early trade.
  • Has $3.181 Million Position in Anadarko Petroleum Co. (APC)

    Economy

    Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Occidental Petroleum Corporation the EPS stands at -0.13 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.02, suggesting the stock fell short of the analysts' expectations.
  • Not guilty pleas entered for two accused men in BC polygamy trial

    Not guilty pleas entered for two accused men in BC polygamy trial

    Economy

    Suffredine argued the polygamy charges involve separate and different allegations. Both men have served as bishops for the religious settlement of Bountiful, British Columbia which follows the teachings of the Fundamentalist Church of Jesus Christ and Latter-Day Saints, often referred to as the FLDS.
  • What's next and what's at stake in UK snap election

    What's next and what's at stake in UK snap election

    Economy

    But in a shock announcement today, Theresa May said that without a stronger conservative majority Brexit could be in jeopardy. British Prime Minister Theresa May has stunned the United Kingdom political world by calling for an early general election, seeking a stronger mandate in talks over leaving the European Union.
  • Delta to pay up to US$10000 to bumped customers

    Delta to pay up to US$10000 to bumped customers

    Economy

    United, which is undertaking an audit of its practices, already amended some policies, saying it will require employees to be booked at least 60 minutes prior to departure. The 30 percent of respondents who said they hadn't heard about the airline recently were split almost 50-50 when it came to identical United or American flights.