Finance

Speaking in Spain, Mr. Mackenzie said the company acknowledged that it had paid too much and mistimed its entry into the USA onshore shale sector but that it expects competitive returns from the operation. Elliott said it believes a Sydney listing will enable the company to take greater advantage of tax benefits in Australia. A source close to BHP said the company expected to meet Elliott in Barcelona.
  • Sensex edges higher, up 66 points; Nifty trades at 9337

    Finance

    The Sensex touched a high of 30,016.04 points - crossing the important 30,000-mark - and a low of 29,877.41 points during the day's trade. Among BSE sectoral indices, metal index gained the most by 1.2 per cent, followed by realty 1.1 per cent, capital goods 0.97 per cent and power 0.96 per cent.
  • Tunnel with nuclear waste collapses in Washington state

    Tunnel with nuclear waste collapses in Washington state

    Finance

    In a statement, the Department of Energy said that "everyone has been accounted for and there is no initial indication of any worker exposure or an airborne radiological release". The TALON system allows crews to safely monitor the scene from up to half a mile away, the site says. The collapse was spotted by workers doing routine surveillance.
  • Emergency declared at Hanford nuclear site in Washington state

    Emergency declared at Hanford nuclear site in Washington state

    Finance

    Soil collapsed over a 20-foot square section of a tunnel housing contaminated material at Hanford - a former nuclear weapons production site in the south-central part of the state, about 45 miles from Yakima. Officials detected no release of radiation and say there were no workers inside the tunnel. Pallone said the Energy Department should provide details on the implications of the incident on continuing cleanup efforts.
  • Govt's anti-Naxal ops should instill 'fear' in them, says Rajnath Singh

    Govt's anti-Naxal ops should instill 'fear' in them, says Rajnath Singh

    Finance

    Singh also said the Maoists could not be dealt with only by force but by long-term and short-term solutions. Highlighting the pro-active surrender and rehabilitation policy of the state government, Patnaik said: "Determined efforts of the state to contain the extremist activities have been substantially successful in weaning away the population in the affected areas of the state from the ideology of violence and extremism".
  • USA lawmakers to grill United Airlines on passenger removal

    USA lawmakers to grill United Airlines on passenger removal

    Finance

    United and other airlines have announced policy changes regarding overbooked flights. Eight of the House's ten 10 recipients of airline transport campaign contributions in 2016 are on the Transportation Committee, including Shuster, the panel's top Democrat, Rep.
  • Corporate Tax Reform: Expect the Unexpected

    Corporate Tax Reform: Expect the Unexpected

    Finance

    The top federal tax rate on businesses is 35%, and Trump wants to slash it to 15%. But the issue is complex. So how dramatic the proposed cut in the headline rate would be in practice would depend on how resolute lawmakers are in taking on the vested interests behind those tax expenditures.
  • Trump says he's willing to consider raising gas tax

    Finance

    The ASCE estimates the USA needs to spend some $4.5 trillion by 2025 to improve the state of the country's roads, bridges, dams, airports, schools, and more. Higher-income households could receive tax cuts of up to $250,000, middle-class families would get around $2,200 and lowest-income households would receive a measly $128, according to a 2015 33-page analysis of Trump's tax proposal from Tax Policy Center.
  • Man sues American Airlines after being crushed by 'grossly obese' passenger

    Man sues American Airlines after being crushed by 'grossly obese' passenger

    Finance

    Since the flight in December 2015, Mr Taylor says that he has suffered from back injuries and neck pain, and that it aggravated his pre-existing spinal curvature. According to the court documents, Taylor says that the bodies of the passengers next to him " spilt over and encroached " into his seat and had to "stand up, crouch, kneel, and lean forward" during his 14 hour flight.
  • China Launches first Domestic Jetliner

    Finance

    The country first announced plans to build the plane in 2008, but production issues repeatedly pushed the flight back. It is created to be a direct competitor to the Boeing 737 and Airbus A320. The industry ministry said in a statement the flight went smoothly and that all the systems functioned properly. Merluzeau also expressed confidence in the future development of COMAC, the Shanghai-based manufacturer of the C919.
  • AAP sacks Mishra, gets two new faces in Cabinet rejig

    AAP sacks Mishra, gets two new faces in Cabinet rejig

    Finance

    Speaking to ANI , Congress's Shakil Ahmed said that the allegations by Mishra were grave and needed to investigated. Mishra tweeted close to midnight alleging that Kejriwal was calling up MLAs to plot against him before his press conference tomorrow.
  • New York City cafe says Starbucks stole its unicorn drink

    New York City cafe says Starbucks stole its unicorn drink

    Finance

    Inevitably, a barista, desperate to keep the trend alive, created a Mermaid Frappuccino , but, perhaps due to a lack of neon ingredients, it looks exactly the same as the dragon version, but includes toasted coconut and matcha powder. The End's Unicorn Latte is a wellness potion made with cashews, cold-pressed ginger, spirulina extract, spirulina powder, and maca root. "For example, People Magazine broadly proclaimed that Katy Perry, a world-renowned recording artist and marketing icon, ...
  • Deadline approaches for spending paper £5 Bank of England notes

    Deadline approaches for spending paper £5 Bank of England notes

    Finance

    Similarly, a spokesperson for Royal Bank of Scotland added: "After the note goes out of circulation, customers will still be able to bring in their old £5 notes for exchange at one of our branches". Alternatively, your bank or building society may be able to help you at your local branch. PEOPLE have until the end of today to spend or bank their old paper fivers before they lose their legal tender status .
  • Gold demand 18% down

    Gold demand 18% down

    Finance

    The council said central banks' demand for gold continued at a much slower pace. In India, demand for jewelry increased by 16 percent to 92.3 tonnes, while the sector suffered at the end of 2016 from the government's demonetisation effort.
  • Sensex reclaims 30000-level, rises 99 pts in early trade

    Sensex reclaims 30000-level, rises 99 pts in early trade

    Finance

    The 30-share index was trading 99.41 points, or 0.33 per cent, higher at 30,020.59 with all sectoral indices led by realty, power, auto, metal and capital goods trading in the positive zone. Europe's STOXX 600 index slipped 0.2 per cent in opening trade. Companies which traded lower were Lupin (3.09 per cent), HDFC (1.37 per cent), ICICI Bank (1.16 per cent), Tata Motors (1.11 per cent) and Tata Steel (1.03 per cent).
  • Philippine environment chief dumped as miners triumph

    Philippine environment chief dumped as miners triumph

    Finance

    Dominguez took the unprecedented action of testifying against a fellow cabinet member when he told the commission hearings that Lopez should be rejected. Lopez in particular pointed at San Juan Representative San Juan Rep. Ronaldo Zamora, the head of the House contingent at the CA. "We were just thankful that the commission has resolved this rather than spindle", Recidoro said.
  • White House welcomes Infosys move to hire 10000 Americans

    White House welcomes Infosys move to hire 10000 Americans

    Finance

    The 10,000 new United States jobs will form a small part of Infosys' overall workforce of over 200,000. "We're glad to see companies like Infosys see opportunity in the American economy again", Ninio Fetalvo, a White House official, said in a statement to The Washington Post.
  • Murray Goulburn dumps dairy support scheme

    Murray Goulburn dumps dairy support scheme

    Finance

    The news of Murray Goulburn's closures comes just days after the competition watchdog revealed it was taking the processor to court for giving farmers "false and misleading" information before slashing farmgate milk prices a year ago. But Mr McLaren said MG's opening milk price for the next season would determine what direction he took with his long career in the dairy industry. The UDV has welcomed the ACCC announcement and agrees with the commission's decision not to seek penalties from ...
  • Aadhaar mandatory to avoid fake PAN cards: Govt tells SC

    Aadhaar mandatory to avoid fake PAN cards: Govt tells SC

    Finance

    The apex court was hearing multiple petitions challenging the Centre's decision to make Aadhaar mandatory for filing income tax returns. He said that as of today, technologically Aadhaar was "protected system" with all sophisticated safeguards and there was not a single leak from Unique Identification Authority of India ( UIDAI ).
  • Sainsbury's warns over pay squeeze as profits fall

    Sainsbury's warns over pay squeeze as profits fall

    Finance

    Group sales, including Value-Added Tax, surged 12.7 per cent thanks to a robust contribution over the final six months from the Argos business, which the group bought when it acquired Home Retail for £1.4bn a year ago. The news broke earlier this Wednesday that the second largest supermarket Sainsbury was massively losing in the first three months of the year.
  • DISH Network Corporation Earnings Ahead: Quick Glance

    DISH Network Corporation Earnings Ahead: Quick Glance

    Finance

    In terms of earnings per share, 16 analysts have a 0.74 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 16 analysts have a 0.64 EPS mean target and for the quarter ending Sep-17 there are 21 estimates of 2.75 EPS.
  • South Dakota man claims he found mouse in Coca-Cola can

    South Dakota man claims he found mouse in Coca-Cola can

    Finance

    The company also plans to redesign its organization to make it faster and more agile, and as it creates a more focused, leaner corporate center and broadened enabling services, it could result in the laying off of around 1,200 workers beginning in the second half of this year and carrying into the next year.
  • BHP reports record Iron Ore production in WA

    BHP reports record Iron Ore production in WA

    Finance

    The stock had a trading volume of 5,454,545 shares. It has outperformed by 4.45% the S&P500.The move comes after 6 months negative chart setup for the $87.59 billion company. However, we will only divest the field if it maximises value for shareholders, " BHP Billiton said back then. Barely a fortnight after Elliott Associates urged it to demerge its United States petroleum assets, BHP said efforts to divest "non-core" parts of the shale business it acquired for $US20 billion in 2011 ...
  • Man removed from flight for using bathroom before takeoff

    Man removed from flight for using bathroom before takeoff

    Finance

    The entire aircraft was emptied and all passengers, except Kima Hamilton, were allowed to re-board. For the one minute Hamilton spent in the washroom, the flight was delayed for about two hours. "[An agent] said he came to arrest me, but realized after our conversation, realized that some of the language that was associated with my name wasn't accurate", Hamilton recalled.
  • Trump's new threat, after lumber tax, on Canadian dairy: 'Watch!'

    Trump's new threat, after lumber tax, on Canadian dairy: 'Watch!'

    Finance

    He also argues that the tariffs won't boost home prices by almost as much as builders say it will. Conservative estimates suggest a 25 per cent combined duty could yield a loss of 25,000 jobs. But he conceded that, "everything relates to everything else when you're trying to negotiate". Reminded that dairy is not covered under the NAFTA, Ross added, "that's one of the problems".
  • Uproar over United video imperils Chicago airport police

    Uproar over United video imperils Chicago airport police

    Finance

    He even appeared on Good Morning America on Wednesday morning to continue his apology tour. Dao's treatment aboard the United Airlines flight has come under heated criticism after a security guard allegedly slammed the doctor's head into the armrest before yanking him out of the seat he refused to give up then towed him by the shirt down the cabin aisle.