Economy

7th Pay Commission: Allowances panel submits reports, seeks abolition of 52

Besides the Finance Secretary, "the Committee had Secretaries of Home Affairs, Defence, Health and Family Welfare, Personnel and Training, Post, and Chairman, Railway Board, as its Members and Joint Secretary (Implementation Cell) as its Member Secretary", a Finance Ministry release here said.

Warning of oil shortages as global discoveries hit record low

Oil discoveries declined to 2.4 billion barrels in 2016, compared with an average of nine billion barrels per year over the past 15 years. The industry gave the greenlight to drill only 4.7 billion barrels last year, about a third less than the previous year and sharply lower than the annual average before oil prices collapsed in 2014.

$0.12 EPS Expected for MannKind Co. (MNKD) This Quarter

RBC Capital Markets downgraded it to "Underperform" rating and $1 target in Wednesday, November 4 report. Moreover, Point72 Asia (Hong Kong) has 0% invested in MannKind Corporation (NASDAQ: MNKD ) for 1,370 shares. The company's market cap is $88.61 Million, and the average volume is 2.89 Million. MannKind reported earnings of ($0.30) per share in the same quarter last year, which indicates a positive year over year growth rate of 140%.

Italian PM rules out nationalisation of Alitalia

Alitalia chairman Luca Cordero Di Montezemolo said the carrier will now look to name an administrator to begin the process of selling off numerous airline's assets. The deal would have cut flight crews' wages an average of 8 percent and laid off some 980 permanent workers. Shareholders will meet April 27 to discuss available options.

Ontario Set to Unveil Its Plan to Cool Toronto Housing

The tax would be revenue neutral, she added, aimed squarely at tempering demand. A highlight of the Ontario government's response is a 15% tax on foreign buying. He has said he could make a case for that with data collected from Toronto Hydro and Toronto Water. The province has extended rent controls to all rental apartments including those built after 1991.

Here's Why These Two Are Trending: Twilio (TWLO), Skyworks Solutions, Inc. (SWKS)

Norinchukin Bank The increased its position in shares of Skyworks Solutions by 0.6% in the third quarter. Finally, Northern Trust Corp raised its position in shares of Skyworks Solutions by 1.8% in the third quarter. Several other analysts also recently issued reports on SWKS. Stock market analysts watching Skyworks Solutions , Inc. Pacific Crest upgraded shares of Skyworks Solutions from a "sector weight" rating to an "overweight" rating and set a $120.00 price target on the stock in ...

Continues to Hold Position in Toronto-Dominion Bank (TD)

On average, equities research analysts expect that Toronto-Dominion Bank will post $3.92 EPS for the current fiscal year. The stock presently has an average rating of "Hold" and a consensus target price of $59.09. 05/01/2015 - Toronto Dominion Bank (The) was upgraded to "hold" by analysts at Zacks. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.41.

Indian IT firms may face layoffs due to US visa curbs: Assocham

IT secretary Aruna Sundararajan said there was no cause for alarm, as the review process has just started. Indian software industry body Nasscom said Trump's move indicates a more "aggressive" monitoring and enforcement of the H1B programme by America.

Payday 2 Gets a Surprise Nintendo Switch Announcement

Nintendo has recently offered concrete numbers about how strong their sales were for the latest "Legend of Zelda " game and the Nintendo Switch . The remaining copies were sold for the company's last console, the Wii U. The Nintendo Switch is selling fast and breaking records at Nintendo. What first looked like a hokey re-skin of Wii Sports Boxing has since become one of the system's most anticipated games.

Dozens of Holiday Inn, IHG hotels across country affected by data breach

Customers at ten CT hotels may have had their credit card information stolen according to the company that manages the properties. United States residents who want more information can contact IHG at 855-330-6367 from 8:00 a.m.to 8:00 p.m.

Hyundai recalls model year 2013-2014 Sonatas and Santa Fe Sports

The 2011-14 Kia Optima and 2013-14 Hyundai Sonata sedans are also affected. Hyundai and Kia are recalling some 1.2 million vehicles, because the engines can fail and stall. Owners of the recalled cars will likely hear a clunky sound from the engine that speeds up as the engine speed rises. If this occurs, the engine could seize while the vehicle is in motion, increasing the risk of crash.

Liberum Capital Reiterated WH Smith PLC (LON:SMWH) As 'Hold'

The Company has operations in Asia, the United States and the United Kingdom. It now has negative earnings. The Firm operates through two divisions, which include Housing and Care. Deutsche Bank has "Buy" rating and GBX 210 target. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 7 with "Outperform" rating.

Hikma Pharmaceuticals (LON:HIK) Receives Buy Rating From Numis Securities Analysts

With 264,200 avg volume, 13 days are for Genocea Biosciences Incorporated (NASDAQ:GNCA)'s short sellers to cover GNCA's short positions. The SI to Ingredion's float is 2.01%. K3 Business Technology Group plc is a provider of integrated business solutions. The company has market cap of 4.80 billion GBP. The Firm is an worldwide owner of containerships.

ClubCorp to not pursue strategic alternatives; CEO to step down

For the next year, analysts expect that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.41 to $1.05. WARNING: " ClubCorp Holdings Inc (MYCC ) Receives Consensus Rating of "Buy" from Analysts" was posted by Community Financial News and is the property of of Community Financial News.

North Korea warns against United States 'hysteria' as it marks founder's birth

He then stepped up to a podium and clapped with senior government officials to address the thousands of soldiers and civilians taking part in the parade at Kim Il Sung Square in Pyongyang, the capital. USA satellite imagery suggests the country could conduct another underground nuclear test at any time. The officials are hopeful China and Russian Federation would agree to tighter United Nations sanctions on North Korea if it conducts another nuclear test.

Silver Wheaton Corp. (SLW) Coverage Initiated by Analysts at CSFB

Currently, EPS of Silver Wheaton Corp . 09/30/2016 - Silver Wheaton Corp had its " rating reiterated by analysts at RBC Capital. Deutsche Bank AG lowered their price target on shares of Silver Wheaton Corp . 11/16/2016 - Silver Wheaton Corp was upgraded to " by analysts at Scotiabank. The share price of the company (NYSE:SLW) was unchanged +0.00% during the last trading session, with a high of 22.11 and the volume of Silver Wheaton Corp shares traded was 3221993.

Brokerages Set Pendragon PLC (PDG) Price Target at $45.33

The stock's market capitalization is GBX 6.85 billion. The Company is engaged in house building within the United Kingdom. It now has negative earnings. Finally, Citigroup Inc restated a "neutral" rating and issued a GBX 1,831 ($22.74) target price on shares of Persimmon plc in a research note on Friday, January 6th.

Ralph Lauren restructuring includes closing flagship NYC store

The company announced restructuring plans last year, laying off 8% of its staff and closing 50 stores to save $180 million to $220 million a year. By mid-April, all of the store's products will be moved to its men's and women's flagship locations at 867 and 888 Madison Aves., as well as its Downtown outposts.

Two Stocks To Trade Now: TherapeuticsMD, Inc. (TXMD), Exxon Mobil Corporation (XOM)

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on April, 25. Exxon Mobil Corporation was upgraded to " by analysts at Credit Suisse. Ruggie Capital Group increased its stake in Exxon Mobil by 0.5% in the third quarter. Rockland Trust Co. now owns 127,632 shares of the company's stock worth $11,140,000 after buying an additional 6,494 shares during the last quarter.

Krispy Kreme owners buy Panera Bread for $7.5B

Master Blenders 1753 business with the coffee business of Mondelez International Inc MDLZ.O . JAB Holding offered $315 in cash for each Panera share, representing a 20.3 percent premium to the stock's March 31 closing price. Though the coffee chain still sells pastries that are branded La Boulange in its cafes, Starbucks shut down the bakery chain two years ago. JAB owns other well-known consumer brands such as Einstein Noah bagels, Peet's Coffee, Caribou Coffee, Stumptown Coffee and a ...

Flint, Michigan Is Going To Have 18,00 Lead-Tainted Pipes Replaced

A proposed settlement filed Monday will require the state to fund Flint's efforts to replace the lead and galvanized water service lines by 2020. The settlement "continues the state's commitment", to providing recovery resources to the residents of Flint, Republican Governor Rick Snyder said in a statement .

UKIP's Foreign and Commonwealth Affairs spokesman condemns Spanish incursion into Gibraltar waters

He added: "In that respect, the clause inserted by Spain into the draft European Union guidelines may, if it endures beyond April 29, yet make the Spanish government a hostage of its own attempts to abuse its position in respect of Gibraltar".

Westinghouse Files For Chapter 11, Says Employees Will Be Okay

Westinghouse has been hurt by cost overruns at two nuclear plants it is building in the United States, as well as challenging economics for new plants in organized power markets. But delays were inevitable: the reactor company claims that safety regulations passed to prevent terrorist attacks against targets like nuclear reactors forced redesign and relicensing of the two power plants, which "created additional, unanticipated engineering challenges that resulted in increased costs and ...

United Airlines kicks two girls off flight for wearing leggings

More on the story ... Delta Airlines needled United Airlines Monday after its business rival temporarily barred two girls clad in leggings from getting on one of its flights the day before. A spokesman for United Airlines , Jonathan Guerin, told NBC News that the group of women included two teens. "As the mother of 4 daughters who live and travel in yoga trousers, I'd like to know how many boys @United has penalized for the same reason".

Here Is How Much It Costs To Make A Nintendo Switch

Nintendo has managed to combine three different designs into one fairly compact device. InDemand Design is now seeking funding for the SwitchCharge on Indiegogo , with a target of US$80,000. Also, the Switch has been known to get scratched when it's in the docking station. The tabletop mode seems to be the best option for multiplayer gaming on the console.

The Tesla Model 3 Looks Incredible in These Two New Videos

The arrival of the Tesla Model 3 at the end of the year should only increase the confidence of investors, the entry-level model proposed at around 35,000 € already being pre-ordered by almost 400,000 people. Ultimately, the biggest value proposition for the Model 3 is its more affordable price tag. What Johnson is describing as a "lack of industrial rigor" is actually Tesla's different approach to self-driving.

Moody's Holds Back on SA Credit Rating Decision

Moody's, which is scheduled to announce its review of SA's sovereign credit rating on Friday, issued a statement on Monday night warning it meant to announce a downgrade. For now, Fitch and Moody's - whose Baa2 rating is two notches above "junk" - ensure South Africa meets that criteria. JPMorgan - which compiles some of the most widely used emerging market debt indexes - estimates that a junk rating for South Africa's mostly dollar-denominated foreign currency Eurobonds could see forced ...

Dow Jones Industrial Average Futures Dip as UK Triggers Brexit

The Dow Jones Industrial Average edged lower, falling for the ninth session out of the past 10. 25 stocks to dump before the second quarter, if history is any indicator. Trump signed the "Energy Independence" executive order rolling back several climate change initiatives put in place by the Obama administration.

Beyoncé's Blue Ivy Hugs Mommy's Baby Bump - Too Cute!

The video was quite unique in that while the singer modeled her dress in different poses, her body was sometimes replaced by the floral background behind her. The media hysterics over Blue Ivy Carter were fierce, but the game has changed since Beyoncé and Jay Z's first daughter was born in 2012. Many insisted: "It IS a boy and a girl".

Emirates defends security as laptop ban looms

Senior U.S. administration officials declined to elaborate on the threats that prompted the ban, saying only that commercial airlines are still a target of terrorists who are trying to smuggle explosives in electronic devices. The US ban will apply to direct flights to the US from 10 global airports serving the cities of Cairo, Amman, Kuwait, Casablanca, Doha, Riyadh, Jeddah, Istanbul, Abu Dhabi and Dubai.

Canada seeks to end Uber's tax advantage over taxi companies

Budget 2017 announces an $11 billion national housing strategy - $1 billion a year over 11 years to try "to build, renew and fix Canada's stock of affordable housing". The credit was introduced to encourage people to use public transit, thus reducing greenhouse gases, but the government says it hasn't worked. MORE: Did the budget walk the walk on the Liberals' innovation talk? Numerous spending announcements in this budget are actually being taken out of funds that were already committed ...

Google's YouTube losing major advertisers upset with videos

Alphabet Chairman and former Google CEO Chairman Eric Schmidt said the search engine giant can not guarantee that ads will not run alongside offensive content on YouTube and other platforms, during an interview with Maria Bartiromo on Fox Business today.

How Much is Michael Phelps Worth?

Is this New Zealand's most successful Olympics ever? And here's something else. With the medal count for the United States at a jaw-dropping 81 as I write this article, the biggest victor at the Rio Olympic Games, Uncle Sam, won't be making an appearance on the podium.

Russian Rostelecom has invested $31 million in a hopeless project

It is an easy calculation. If Google has over 49 million clicks per day, the audience of "Sputnik" is not more than 4.2 thousand. Media reported that Russian giant Rostelecom has signed the contract with the "Sputnik" (a subsidiary company of Rostelecom) and expects to receive the fast development of specialized services of the portal.