• UK chancellor, BoE chief stress Brexit perils
UK chancellor, BoE chief stress Brexit perils

Speaking earlier on Tuesday, Transport Secretary Chris Grayling denied the United Kingdom had effectively conceded to the EU's timetable for talks - which will see discussions on a future trade deal come after those on the terms of exit. Britain has lost its first battle with the European Union over the timetable for Brexit talks. "I think it...

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  • Fed: Large Banks Would Remain Well-Capitalized Under Severe Stress
Fed: Large Banks Would Remain Well-Capitalized Under Severe Stress

The Fed introduced stress tests after the 2008 financial crisis rocked markets around the globe in order to examine whether the country's biggest banks could handle a severe recession. Testings results released Thursday by the Federal Reserve show that the 34 institutions under scrutiny have enough capital to make it through the two scenarios reg...

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  • Justices say law on offensive trademarks is unconstitutional
Justices say law on offensive trademarks is unconstitutional

The ban violates the First Amendment free speech clause and "contrary to the government's contention, trademarks are private, not government speech", said the court in its decision. The court decided the ban on registering "scandalous, immoral, or disparaging remarks" violated the First Amendment. "The Supreme Court vindicated the Team's position...

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  • Instacart Thinks Its Deal with Whole Foods Will Survive Amazon Buyout
Instacart Thinks Its Deal with Whole Foods Will Survive Amazon Buyout

The message is this: The brick-and-mortar retail business that pioneered organic, fresh food and the country's dominant e-commerce company makea powerful combination. And figuring out how to get it to your front door is the ultimate inconvenience for consumers. The parties expect to close the transaction during the second half of 2017.

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  • Oil prices fall on OPEC output increase, rising US crude stocks
Oil prices fall on OPEC output increase, rising US crude stocks

Data from the U.S. Energy Information Administration (EIA) showed U.S. commercial crude oil inventories fell by 1.7 million barrels in the week through June 9. ANZ bank [The Australia and New Zealand Banking Group Limited] said in a note to clients that prices were "under pressure earlier in the day after a report from OPEC showed that its ...

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  • Kane rescues draw for England against Scotland
Kane rescues draw for England against Scotland

Scotland's deep-lying 5-4-1 system starved England's creative players of space, but gradually cracks began to appear. It was a insane end to the game and that's global football for you. England were on course for victory after substitute Alex Oxlade-Chamberlain took advantage of some weak defending and goalkeeping in the 70th minute after Craig G...

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  • Ruth Davidson given DUP gay rights assurance
Ruth Davidson given DUP gay rights assurance

A spokesman for the Scottish Conservatives said: "The reality is that the party in Scotland already has autonomy and has done for the last few years". The DUP opposes same-sex marriage and Northern Ireland is the only part of the United Kingdom where it is not legal. Davidson, who gained 13 seats in Scotland for the conservative party, is an ...

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  • Oil rises as U.S. stockpiles fall
Oil rises as U.S. stockpiles fall

A week ago, the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC members met in Vienna to roll over the output cut deal to reduce 1.8 million barrels per day until the end of next March. Rising output from OPEC members, Nigeria and Libya , which were exempted from the output reduction deal, is also undercutting atte...

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  • Most Carolina Memorial Day Weekend travelers expected in over a decade
Most Carolina Memorial Day Weekend travelers expected in over a decade

The Virginia Department of Transportation is gearing up by lifting planned construction zones and offering real-time travel data. Almost 40 million Americans will travel 50 miles or more away from home this Memorial Day weekend, according to AAA .

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  • Blitzboks officially crowned World Series champions!
Blitzboks officially crowned World Series champions!

But that didn't prevent them securing runners-up spot in the overall standings, behind South Africa, after picking up three opening-day wins in the pool stage. "I'm absolutely elated", said Riddell. The win was preserved by the youngest and smallest player on the squad, former Howe of Fife player George Horne, who made a brilliant cover tackle an...

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  • Wheeling, Weirton AT&T Workers Could Strike
Wheeling, Weirton AT&T Workers Could Strike

That includes the 19,000 line and cable workers in California, Nevada and CT and the DirecTV technicians who will also be walking picket lines over the weekend if they don't get a new contract. Employees at several area AT&T stores, including the one at the Eastwood Mall in Niles, and the call center in Boardman said they plan to join the picket ...

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  • FBI chief's unceremonious ouster boomerangs on Trump
FBI chief's unceremonious ouster boomerangs on Trump

Congressional Democrats were already concerned that Trump was trying to stifle a probe into possible coordination between his campaign and Russia's election meddling by firing Comey last week. As FBI director, he was accustomed to hours-long oversight hearings before Congress covering a wide range of topics. "I think we know enough now, and there...

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  • Pippa Middleton's wedding dress reportedly taken in 5 times already…
Pippa Middleton's wedding dress reportedly taken in 5 times already…

Pippa, who shares a £17million mansion in West London with her husband-to-be, was busy yesterday stepping up her pre-wedding beauty regime with a trip to a spa in South Kensington offering such treatments as £100 sugar cane facials. "Ruth and Dorothy were very close and she must be heartbroken", Jean revealed to Mail Online. In fact, according to t...

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  • SoftBank wants merger talks between T-Mobile US, Sprint
SoftBank wants merger talks between T-Mobile US, Sprint

Oft-cited as a potential merger partner for Sprint , T-Mobile was once again identified as SoftBank Chairman Masayoshi Son's favored merger partner during his company's earnings conference call this week, the Financial Times reported (sub.

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  • Boeing stock drops after halting 737 MAX test flights
Boeing stock drops after halting 737 MAX test flights

The company's stock opened at $185.48 per share and saw a high on Wednesday of $185.65 per share, New York Stock Exchange data shows. Engine maker CFM informed Boeing of a potential quality issue with the five stage Low Pressure Turbines (LPT), which are manufactured by CFM joint venture partner French Safran Aircraft Engines.

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  • Jakarta's Christian governor jailed for insulting Islam
Jakarta's Christian governor jailed for insulting Islam

After the verdict, the governor was taken to a Jakarta prison but it was unclear whether he would remain in jail or be released later to allow him to file his appeal. "Today is one of the darkest days in Indonesia", he added. Before the blasphemy controversy erupted, Purnama enjoyed a large lead in opinion polls due to his determination to clean ...

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  • Banks hit with new levy, potentially costing billions
Banks hit with new levy, potentially costing billions

This comes at a cost of $2.2 billion over four years. "This represents an additional and fair contribution from our major banks, is similar to measures imposed in other advanced countries, and will even up the playing field for smaller banks", Mr Morrison said.

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  • S&P, Nasdaq hit record highs as volatility drops
S&P, Nasdaq hit record highs as volatility drops

The Nasdaq stood fast, closing up 0.3% to post another new closing high. The 10-year US Treasury note's yield, which moves inversely to price, hit its highest point in almost six weeks, adding 0.5 basis points at 2.392 per cent, while the price of gold , another so-called safe-haven asset, dropped 0.5 per cent to an eight-week low at 1,220.29....

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  • Hertz Global Holdings, Inc (HTZ) Receives $32.44 Average PT from Analysts
Hertz Global Holdings, Inc (HTZ) Receives $32.44 Average PT from Analysts

A number of hedge funds have recently made changes to their positions in HTZ. Over the past five trading sessions it is -4.19%; 4.94% for the month; -0.53% for the last quarter; -33.13% for the past six-months; and -48.2% for the last 12 months.

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  • South Africa's ANC accuses judiciary of pandering to opposition
South Africa's ANC accuses judiciary of pandering to opposition

Judge Bashir Vally gave Zuma five days to provide the records. On April 24th, the Democratic Alliance (DA) party applied to the courts to force Mr Zuma to disclose the thinking and documentation behind the reshuffle, because it could not seek a legal review of the president's actions on March 31st without that information.

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  • Baba Ramdev calls for '100 heads' for each Indian soldier's death
Baba Ramdev calls for '100 heads' for each Indian soldier's death

Baba Ramdev also revealed that Patanjali is working on the plans to launch its chain of restaurants. Patanjali Ayurved, promoted by yoga guru Ramdev, had clocked a turnover of Rs 10,561 crore in the financial year ended March 31, 2017. Patanjali's ayurvedic and herbal medicines business, Divya Yog Pharmacy earned Rs 870 crore and Patanjali Gramod...

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  • Oil down on lower than expected drop in U.S. inventories
Oil down on lower than expected drop in U.S. inventories

There was also a sign of slowing energy demand in China, the world's second largest oil consumer, when a survey showed growth in that country's services sector in April was at its slowest in nearly a year. Crude futures pulled back on Thursday as investors focused on US inventories falling less than expected, deepening skepticism that production cu...

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  • Google agrees to pay $335 million in Italy tax dispute
Google agrees to pay $335 million in Italy tax dispute

Italy's tax agency said that talks would begin on signing "preventive agreements" to ensure the company pays the correct tax in the future. In 2015, the last year for which accounts are available, Google Ireland generated sales to the value of €22.6bn - about a third of its total income that year - but only paid €48m in tax here.

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  • ICICI Warns Cost Cuts As Surging Bad Loans Eat Into Profit Margins
ICICI Warns Cost Cuts As Surging Bad Loans Eat Into Profit Margins

Net interest income grew 10.32% to Rs 5,962.16 crore during the quarter from Rs 5,404.51 crore in Q4FY16. "Standalone profit after tax was Rs 9,801 crore (US$ 1.5 billion) for FY2017 compared to Rs 9,726 crore (US$ 1.5 billion) for FY2016", the statement said.

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  • UFC announces a fourth women's division
UFC announces a fourth women's division

Now the UFC has three female weight divisions, bantamweight (135 pounds), strawweight (115 pounds), and featherweight (145 pounds). With this new fourth Flyweight division, 125lb fighters will be able to compete at a much healthier and more equitable weight.

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  • US trade deficit narrows in March
US trade deficit narrows in March

With imports and exports both falling, the Commerce Department released a report on Thursday showing that the USA trade deficit was little changed in the month of March. Imports from the US - Canada's largest trading partner, by far - were up two per cent, while exports to the US edged down a fraction of a percentage point.

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  • Marchers use Trump's 100th day to protest climate policies
Marchers use Trump's 100th day to protest climate policies

When they got to the White House, protesters sat on the ground, their backs to the White House, then patted their chests in imitation of a heartbeat for 100 seconds. Climate marcher Emily Verna of Washington , D.C., says she doesn't worry that her message is being diluted by one protest after another. "Hell, I haven't marched this much in year...

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  • Cooper Tire & Rubber Co (CTB) Shares Down 9.8% on Disappointing Earnings
Cooper Tire & Rubber Co (CTB) Shares Down 9.8% on Disappointing Earnings

The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.69 by $0.12. Cooper Tire & Rubber Co.'s raw material costs surged by $50 million in the first quarter, one of several headwinds the company grappled with on its way to reporting significantly lower profits for the year's first three ...

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  • Marissa Mayer is about to get really rich off Yahoo's sale
Marissa Mayer is about to get really rich off Yahoo's sale

This acquisition will result in the end of an era but also the struggle to restore the company back to its original status amid pressure from competitors. Probably, one of the reasons why this deal got so much interest is not only linked to its impressive value, but also to the fact that Verizon cut part of the initial offer and finally said it wil...

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  • Is this a new Trump? Abrupt reversals may reflect experience
Is this a new Trump? Abrupt reversals may reflect experience

New language in the Treasury report citing a history of currency intervention in China, South Korea and Taiwan is in line with what experts say could be eventual changes to the criteria aimed at deterring future manipulation. someone called Trump), that man wasn't even there to meet him. Washington has not branded any country a currency manipulato...

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  • AT&T sheds more lucrative wireless customers in 1Q
AT&T sheds more lucrative wireless customers in 1Q

Adjusting for $0.18 of costs for amortization, merger- and integration-related and other items, earnings per diluted share was $0.74 compared to an adjusted $0.72 in the year-ago quarter. AT&T is fighting to both keep and add customers and increase revenue amid a price war with smaller rivals T-Mobile US Inc. and Sprint Corp . AT&T's wireless...

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  • FCC to launch 'comprehensive review' of media regs
FCC to launch 'comprehensive review' of media regs

Citing four sources close to Pai, Recode reported that the process to overturn the rules will start tomorrow. Chairman Ajit Pai , a Republican, will likely announce a plan to reverse course on the 2-year-old regulations and end the agency's classification of broadband as a regulated, common-carrier service.

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  • Le Pen's run-off campaign targets far left and right
Le Pen's run-off campaign targets far left and right

Choosing from inside the system is no longer an option, as voters rejected the two mainstream parties that have alternated power for decades in favour of Ms Le Pen and the untested Mr Macron , who has never held elected office and who founded his own political movement just previous year.

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  • Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover
Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

Akzo Nobel , which bought ICI in 2008, employs 3,500 staff while PPG has 10 manufacturing and RD sites. "We are extending this one last invitation to you and the AkzoNobel boards to reconsider your stance and to engage with us on creating extraordinary value and benefits for all of AkzoNobel's stakeholders ", PPG Chief Executive Officer Mic...

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  • Chappell finally wins on PGA Tour in 180th career start
Chappell finally wins on PGA Tour in 180th career start

He was just a shot behind Chappell's lead, but he parred there and drove next to a cactus bush on the 18th. Round of the day: Koepka started the day four shots off the pace, but he made a quick move up the standings with five birdies over his first eight holes.

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