• Amtrak CEO to step down after 'summer of hell'; new CEO announced
Amtrak CEO to step down after 'summer of hell'; new CEO announced

Anderson will join Amtrak July 12 and serve in a co-CEO capacity with current CEO Wick Moorman through December 31, 2017, when Moorman will step down and serve as an advisor to Amtrak. The repairs, estimated to cost $30 million to $40 million over several years, was expedited after recent derailments and other problems from decaying infrastructur...

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  • State gas prices fall heading into holiday weekend
State gas prices fall heading into holiday weekend

Florida's average is $2.20 a gallon, down from $2.26 a week ago, and elsewhere in the state, motorists are finding $2 a gallon gasoline, AAA said. Record refinery production rates and high gasoline and crude oil inventory have been cited as contributing factors in the lower prices.

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  • Co-op Bank discontinues sale process amid rescue deal hopes
Co-op Bank discontinues sale process amid rescue deal hopes

According to Sky News , Interritus Limited and Al Faisal Holding "held several rounds of talks" with Co-op Bank , however sources said there are "a series of significant hurdles to any deal being agreed". Co-Op bank also said it's planning to reduce risk-weighted assets to as little as 5 billion pounds, from a previous target of about 6 billion p...

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  • Sheriff: Lawmen 'desperately' searching for killer inmates
Sheriff: Lawmen 'desperately' searching for killer inmates

ATLANTA (AP) - Two Georgia inmates who killed their guards and escaped from a prison bus have stolen a second vehicle as they try to stay ahead of a massive manhunt , a sheriff said Wednesday. Multiple agencies contributed to a reward of $60,000 for information leading to the arrests of the two inmates , Georgia Bureau of Investigation s...

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  • QinetiQ Group plc (QQ) Receives GBX 264.83 Consensus Target Price from Analysts
QinetiQ Group plc (QQ) Receives GBX 264.83 Consensus Target Price from Analysts

It has a 22.75 P/E ratio. The Company's divisions include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other. Ims Cap Mngmt owns 0.36% invested in BAE Systems plc (LON:BA) for 2,134 shares. Hudock Gru Limited reported 2,205 shares. Analysts await Centrica PLC (LON:CNA) to report ear...

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  • Faulty Airbag Maker Takata Files for Bankruptcy, Sells to Rival
Faulty Airbag Maker Takata Files for Bankruptcy, Sells to Rival

Japan's three main auto producers, Honda , Nissan and Toyota, have fronted recall costs so far and claimed they were unlikely to be compensated. The company's defective airbag inflators, which can explode and send shrapnel into drivers and passengers, have been blamed for 11 deaths in the USA and several others elsewhere.

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  • Personal chemistry key as Trump meets India Prime Minister for first time
Personal chemistry key as Trump meets India Prime Minister for first time

A delegation level talk will take place in the Oval Office while a face to face meeting will take place in the cabinet room of the White House. After their meetings, Modi and Trump will make statements in the Rose Garden. Modi has called India's relationship with the U.S . The president welcomed Prime Minister Narendra Modi to the White Hous...

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  • Cladding on 34 tower blocks across the United Kingdom fail fire safety tests
Cladding on 34 tower blocks across the United Kingdom fail fire safety tests

The council is tasked with moving 3,000 residents from the Chalcots Estate in north London . All of the buildings for which external cladding samples were so far submitted failed combustibility tests, Communities Secretary Sajid Javid said.

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  • Takata files for bankruptcy, overwhelmed by air bag recalls
Takata files for bankruptcy, overwhelmed by air bag recalls

The bankruptcy process opens the door for a financial rescue by Chinese-owned United States parts supplier Key Safety Systems ( KSS ), which is taking over Takata's viable operations in a $1.6bn deal. Of that amount, 850 million dollars (£666 million) goes to carmakers to cover their costs from the recalls. Takata has already paid $125m int...

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  • Uber's under-pressure boss has finally given in
Uber's under-pressure boss has finally given in

The investors sent Kalanick a letter titled "Moving Uber Forward" that urged him to leave the company as they believe it's in need of a change in leadership. Uber also fired its president of business in the Asia Pacific, Eric Alexander , after journalists inquired about the former executive's obtaining the medical records of a woman who had bee...

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  • Key Safety Systems to acquire Takata for $1.59 billion in bankruptcy deal
Key Safety Systems to acquire Takata for $1.59 billion in bankruptcy deal

Key Safety Systems, a Chinese-owned company based in MI, is paying $1.6 billion for almost all of Takata's operations. Seko also said he wanted to closely monitor liquidity and funding conditions for small companies that dealt with Takata.

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  • Successful SpaceX launch delivers satellites into orbit
Successful SpaceX launch delivers satellites into orbit

In the process, it became the first booster to notch a launch from the West Coast and the East Coast. The two launches brings the company's year-to-date total up to nine successful launches, surpassing the milestone it set in 2016. Following stage separation, the first stage of Falcon 9 successfully landed on the " Just Read the Instructions " dr...

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  • New study of Seattle's $15 minimum wage says it costs jobs
New study of Seattle's $15 minimum wage says it costs jobs

There would be about 5,000 more low-wage jobs in the city without the law, the study estimated . While higher prices - in this case of labor - tends to depress demand the relationship is not exact. Jacob Vigdor, a public policy professor and one of the authors of the new report, stood by the team's findings. That finding may appear to contradict...

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  • Nabors Industries Ltd. (NBR) Downgraded by Seaport Global Securities
Nabors Industries Ltd. (NBR) Downgraded by Seaport Global Securities

The firm has "Buy" rating by Needham given on Friday , May 26. The firm has "Buy" rating by Guggenheim given on Monday, November 30. The rating was maintained by Cowen & Co with "Outperform" on Thursday, February 18. Dimensional Fund Advsrs Limited Partnership reported 18.67M shares. Capstone Asset Management stated it has 23,581 shares or 0.01% o...

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  • Trump to welcome India's prime minister to White House
Trump to welcome India's prime minister to White House

Thereafter the two leaders would be joined by their respective delegations in the adjoining Cabinet Room. Senior Indian officials, including National Security Advisor Ajit Doval were present at the meeting . That message runs counter to Trump's "America First" messaging, where Trump is looking to punish American companies who ship jobs and p...

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  • Puerto Ricans - But Not A Lot Of Them - Voted For Statehood
Puerto Ricans - But Not A Lot Of Them - Voted For Statehood

Those who oppose statehood worry the island will lose its cultural identity and warn that Puerto Rico will struggle even more financially because it will be forced to pay millions of dollars in federal taxes. Meantime, right after the credit rating agencies reduced the island's bonds to junk status, vulture funds swooped in to buy up numerous islan...

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  • Italy makes 5.2B euros in resources to keep 2 banks afloat
Italy makes 5.2B euros in resources to keep 2 banks afloat

Italy will pay up to 17 billion euros ($19 billion) to rescue two Venetian banks that are facing bankruptcy, the government said Sunday. Padoan told reporters that the overall price tag for the rescue operation would eventually be almost 17 billion euros ($20 billion) because it would include Italian government " guarantees " for 12 billion...

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"Sustained" Cyber Attack Targets UK Legislators

A spokesman said yesterday: 'Parliament's first priority has been to protect the network and systems from the cyber attack to ensure that the business of the Houses can continue. Just this May, cyber-attacks victimized 70 countries and held United Kingdom hospital systems at ransom for up to $600 in bitcoins. Britain's parliament was on Saturda...

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  • President Trump Sends 'Warm Greetings' to Muslims
President Trump Sends 'Warm Greetings' to Muslims

Some argue that the tradition goes back even farther than the late 20th century. The first White House Iftar dinner (the name for a meal held after sunset, when Muslims break their fast), is said to have been hosted by President Thomas Jefferson in 1805 for a Tunisian envoy.

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  • Japanese airbag maker Takata files for bankruptcy, gets US sponsor
Japanese airbag maker Takata files for bankruptcy, gets US sponsor

TK Holdings, its USA operations, filed Chapter 11 bankruptcy in DE on Sunday with liabilities of $10 billion to $50 billion, while the Japanese parent filed for protection with the Tokyo District Court early on Monday.Scott Caudill, chief operating officer of TK Holdings, said in a court affidavit that the company "faces insurmountable claims" ...

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  • Trump budget chief sees Fed continuing accommodative rate policy
Trump budget chief sees Fed continuing accommodative rate policy

In a show of confidence, the Fed also upgraded its economic growth forecast and unemployment for the U.S.in 2017. Government bonds on both sides of the Atlantic came under further pressure Thursday morning after three Bank of England officials dissented on the central bank's decision to keep its benchmark interest rate steady, arguing instead for...

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  • Whole Foods Physical Stores Are Vital to Amazon's Grocery Success
Whole Foods Physical Stores Are Vital to Amazon's Grocery Success

Use the map below to compare the concentration of Whole Foods stores (in green shading) with Amazon's distribution and fulfillment network (use the menu drop-down option to change views). Mergermarket's Lim says the first challenge for Amazon is how to successfully run a physical supermarket chain. "We're gonna become as customer-centric as Amazo...

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  • Bovis Homes Group plc (BVS) Upgraded to
Bovis Homes Group plc (BVS) Upgraded to "Buy" by Deutsche Bank AG

It now has negative earnings. The Company's construction and infrastructure division provides specialist construction and infrastructure design and build services on projects, frameworks and alliances. As per Tuesday, December 8, the company rating was upgraded by Morgan Stanley. Liberum Capital upped their price objective on Morgan Sindall Group P...

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  • Marshalls plc (MSLH) Rating Reiterated by Numis Securities Ltd
Marshalls plc (MSLH) Rating Reiterated by Numis Securities Ltd

Progressive Bank, N.A. (the Bank) is a community bank and operates over nine full service branch offices. The Firm provides lending, deposit taking, wealth management services and securities trading. Beaufort Securities maintained the shares of LGEN in report on Wednesday, August 10 with "Buy" rating. The stock has "Underperform" rating by BNP Pari...

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  • Whole Foods Market, Inc. (WFM) Shares Sold by Oppenheimer & Co. Inc
Whole Foods Market, Inc. (WFM) Shares Sold by Oppenheimer & Co. Inc

Westside Investment Management Inc. now owns 4,137 shares of the company's stock valued at $125,000 after buying an additional 3,320 shares in the last quarter. The company was downgraded on Wednesday, June 15 by Northcoast. SRB Corp boosted its stake in Whole Foods Market by 12.3% in the third quarter. Whole Foods Market's dividend payout rati...

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  • Warren Buffett Buys $377 Million of Rental REIT (BRK.A, STOR)
Warren Buffett Buys $377 Million of Rental REIT (BRK.A, STOR)

Warren Buffett's Berkshire Hathaway Inc . took a 9.8 percent stake in Store Capital Corp . A press release said Store issued 18.6 million shares of its stock in a private transaction with a subsidiary of Berkshire at $20.25 per share. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified port...

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  • Takata, brought down by airbag crisis, files for bankruptcy
Takata, brought down by airbag crisis, files for bankruptcy

The company's faulty airbag inflators, which can blast shrapnel into drivers and passengers, have resulted in the recall of tens of millions of vehicles and been linked to 11 deaths in the USA and several others elsewhere. The Tokyo Stock Exchange suspended trading on the company all day Monday after the announcement and said the shares will be d...

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  • Takata files for bankruptcy as air bag recalls bite
Takata files for bankruptcy as air bag recalls bite

The company's bankruptcy filings Monday cleared the way for a $1.6 billion takeover of most of Takata's assets by Key Safety Systems , which is based in Detroit but owned by a Chinese company. The firm had initially been seeking a turnaround plan that was not court mandated, but both automakers and Key Safety Systems Inc. insisted on the court's...

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  • Officials hope for 'chemistry' as White House prepares to host Modi
Officials hope for 'chemistry' as White House prepares to host Modi

Prime Minister Narendra Modi hailed the increasing "convergence" of US-Indian interests and values, as he prepared for his first face-to-face meeting Monday with President Donald Trump . " Modi will try to give Trump some tweetable wins", Tanvi Madan said, which in the defense arena could see the announcement of a $ 2 billion deal by United...

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  • Donald Trump ends White House iftar dinner tradition
Donald Trump ends White House iftar dinner tradition

Because it relies on a lunar calendar, the festival marking the start of the new month depends on a sighting of the moon, which can vary from place to place. The Eid salat must only be performed in congregation (Jama'at). The prime minister was talking to the media after exchanging Eid greetings with a cross-section of people, party leaders...

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  • Trump meets wireless, drone executives on new technologies
Trump meets wireless, drone executives on new technologies

President Trump who has handed over control of his business empire to his two adult sons still has a financial stake in the company and receives profit reports from Donald Jr. And despite heavily criticizing a proposed merger between AT&T and Time Warner just months ago, Trump commended Stephenson's work, saying that " most companies would ...

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  • Oil Market Rebalancing At 'Slower Pace
Oil Market Rebalancing At 'Slower Pace

The contract lost 27 cents to US$44.46 yesterday, the lowest since November 14. In a separate report , the U.S. Energy Information Administration said U.S. Add in Russia's tanker shipments and its total exports are likely above 9 million bpd. According to secondary sources, OPEC's crude oil production in May increased by 336,100 bpd compared...

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  • There Could Be A Link Between Car Wrecks And Marijuana
There Could Be A Link Between Car Wrecks And Marijuana

These insurance companies have found several possible factors that could be responsible for the spike in vehicle crash claims. Legal recreational pot sales in Colorado commenced in January 2014, while Washington and OR followed suit. Colorado had 13.9 percent more vehicle accidents than Nebraska, Utah, and Wyoming while Washington's rate was...

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  • Pandora CEO Tim Westergren to step down
Pandora CEO Tim Westergren to step down

Earlier this month, satellite music company Sirius XM said it would invest $480 million in Pandora in exchange for a 19 percent stake and three board seats; that deal has yet to close. The company had 31.6 million subscribers at the end of Q1 of 2017, and expects to add 1.3 million paying subscribers in 2017. Yet as cars become better wired with ...

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  • Falling aircraft sales prompt dip in May US durable goods orders
Falling aircraft sales prompt dip in May US durable goods orders

A plunge in demand for civilian and military aircraft drove the decline in May. Transportation orders were down by 3.4% in comparison to April, reaching $75.41bn. USA manufacturing has struggled to gain its footing this year. A private-sector gauge of USA manufacturing activity, produced by the Institute for Supply Management, showed expansion in...

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