by | July 26, 2018 | 03:54

The company had warned investors to expect a surge in costs due to efforts needed to address concerns about Facebook's inadequate handling of users' privacy. The company's net income for the quarter was $5.1 billion, compared to $3.89 billion in Q2 of 2017. In terms of revenue, the tech giant earned $13.23 billion but missed Thomson Reuters' estimates of $13.36 billion.

by | July 26, 2018 | 03:42

In Marchionne's final full year FCA earnings call in January 2018, Morgan Stanley analyst Adam Jonas stated: "We hadn't seen anything like you". The Italian-Canadian executive took the reins at Fiat in 2004. He later consolidated his reputation as a turnaround specialist at SGS SA, a Geneva-based product-testing company at the time controlled by the Agnelli family.

by | July 26, 2018 | 02:28

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to USA national security, an argument that allies such as the European Union and Canada reject. Jochen Stanzl, the chief market analyst with CMC Markets, joins us from Frankfurt. Farmers would prefer trade to aid, he said during a conference call with reporters.

by | July 26, 2018 | 02:12

But the EU has in the past floated two ideas to prevent vehicle price wars - getting all big auto makers around the world to drop tariffs or agreeing a limited EU-US free trade deal on goods. trade war will hit them hard. "So we have to reduce prices down to where they were prior to the tariff", Sandison said. "The farmers will be the biggest beneficiary", Trump said of his ongoing trade disputes during a speech in Missouri on Tuesday.

by | July 25, 2018 | 11:37

Help us grow and continue telling Israel's story to the world. On Sunday, Iran's President Hassan Rouhnai had warned the US against inciting Iranians against the regime. "You are not in a position to incite the Iranian nation against Iran's security and interests", he added. The pushing many countries hard to stop buying Iranian oil before U.S.

by | July 25, 2018 | 11:11

The Irish Airline Pilots' Association branch of the Fórsa union gave notice last week of two additional one day strikes by Ryanair pilots. Ryanair maintains that the union Forsa has refused to accept its offer of a Working Committee to discuss the issues and come to an agreement.

by | July 25, 2018 | 08:08

Earlier this year, two other Mega Millions winners made history - with one winning a prize of $451 million in January and another winning $533 million in April. Each annual payment is five percent larger than the previous one. The odds of winning a smaller prize is 1-in-24. As of Tuesday morning, the jackpot was estimated at $522 million and is expected to grow even more before the drawing Tuesday night.

by | July 25, 2018 | 07:43

In the first acknowledgment by President Donald Trump's administration that his aggressive trade actions are hurting Americans, the government on Tuesday announced $ 12 billion in aid for farmers who have been the primary targets of retaliation.

by | July 25, 2018 | 04:42

Trump's tweet comes as he is scheduled to meet with European Commission President Jean-Claude Juncker in Washington tomorrow for talks aimed at heading off a trade war. USA farm profits were already projected to reach a 12-year low before any trade actions were announced. The president appealed for patience on his trade policies at the annual Veterans of Foreign Wars national convention in Kansas City, Missouri.

by | July 25, 2018 | 02:57

The headlining story of this release is that the market was surprised by Google acheiving far stronger ad sales than expected. Following a reorganisation of the company, the Google unit that includes the main search engine and YouTube video service still delivered the lion's share of revenues at US$32.5 billion, with "other bets" driving US$145 million in revenue.

by | July 25, 2018 | 02:35

Gholamhossein Gheybparvar said America wants to "destroy Iran", but Mr Trump "cannot do a damn thing", Reuters reported, citing Iranian news agency ISNA. Iranian officials have in the past threatened to block the Strait of Hormuz in retaliation for any hostile U.S. action. "I don't think there's any question, and there is no question in my mind.

by | July 25, 2018 | 02:14

Republican Senator Chuck Grassley of Iowa, who's been critical of Trump's moves on trade, said before the announcement that commodity supports aren't a long-term solution and will be costly to taxpayers. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that previous year totalled $335 billion.

by | July 25, 2018 | 02:13

The pan-European FTSEurofirst 300 index lost 0.15 percent, amid rising trade tensions. Offshore spot yuan 6.7714 -0.19% * Offshore 6.833 -1.08%. China's yuan strengthened against an easing U.S. "Although U.S. equities edged lower on Friday and the yen strengthened, most cross-asset moves are supportive of APAC equities - particularly dollar weakness, strength in emerging markets FX, and a dramatic bear steepening of global yield curves".

by | July 24, 2018 | 04:25

The Journal said Tesla confirmed that it is "seeking price reductions from suppliers for projects, some of which date back to 2016, and some of which haven't been completed". After the memo was leaked over the weekend, Musk tweeted: "Only costs that actually apply to [the third quarter and] beyond will be counted. It would not be correct to apply historical cost savings to current quarter".

by | July 24, 2018 | 01:44

After massive rate cuts on a number of commodities under the Goods and Services Tax (GST) was announced on Saturday, Bihar Finance Minister Sushil Kumar Modi has said that common people would be benefitted from the move. He further said that the decisions would increase compliance, widen the tax base and are in the right direction to achieve the objectives of GST. Quarterly returns for business turnover up to Rs 5 crore instead of monthly filings.

by | July 23, 2018 | 09:58

If Trump follows through with his threat to impose $US500 billion of tariffs on China (and imposes tariffs on European cars) it would only force the currency relativities further apart, as well as pushing up U.S. Despite Trump's claim, the yuan has been rising steadily if gradually in recent years, as most economists and officials say Beijing actually has been intervening in currency markets to keep the currency from weakening.

by | July 23, 2018 | 08:20

There was no mention in the statement of Saudi June crude exports. ANZ analysts said in a note: "Investors did find some solace in comments from Saudi Arabia that it would not oversupply the market indiscriminately". Oil is mostly traded in USA dollars all over the world and a stronger US dollar pressures the oil demand. Since quitting the worldwide nuclear agreement with Iran, the Trump administration has sent conflicting signals, indicating last month that it meant to choke off Iranian ...

by | July 23, 2018 | 04:06

The largest lottery victor won in MI was Donald Lawson, a Lapeer man who won a $337 million Powerball jackpot. It will rank as the sixth-largest Mega Millions jackpot of all-time and the 19th largest pot for any lottery game played in the USA, including Powerball.

by | July 23, 2018 | 02:24

The S&P 500 Index slipped less than 0.1 percent to 2,801.83 as of 4:08 NY. In Taipei, the TAIEX on Friday closed up 96.73 points, or 0.89 percent, at 10,932.11 on turnover of NT$164.46 billion (US$5.35 billion). However, passive component, disc and silicon wafer companies were relatively weak, indicating that the market's structure is changing, they said. Elsewhere, industrial conglomerate Honeywell rose 3.7 percent to $153.01 after it raised its forecast for the year.

by | July 23, 2018 | 01:55

There have not been any complaints of illness at this point, according to the company, who asks consumers to throw out any of these products. Several Ritz Cracker products are being recalled nationwide due to possible Salmonella contamination .