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Council clears draft law for compensating states' loss

It is essential that enabling laws for GST are passed in second half of Budget Session to ensure its rollout from July 1. He added that legally vetted drafts for all important bills would be presented to the council next month, while states are expected to get the final draft of CGST and SGST on March 1.

Business

Unilever rejects £111 billion offer from Kraft Heinz

The PEG ratio represents the ratio of the price to earnings to the expected future growth rate of the company. The current share price indicate that stock is 0.04% away from its one year high and is moving 30.45% ahead of its 52-week low. Covering research analysts have taken a stance on where they see Kraft Heinz Co (NASDAQ:KHC) moving in the future. "This deal is likely to prompt a Marmite response, while the markets love the idea given the share price reaction, there is a good chance ...

Business

FDA approves costly drug to fight Duchenne Muscular Dystrophy

Corticosteroids are a common treatment option for DMD around the world but this is the first time that the FDA has approved any drug in the class to treat the condition and also the first time that Emflaza was approved for any kind of use.

Business

World's heaviest woman weighing 500 kg lands in Mumbai for surgery

Her flight was for a duration of 5 hours and it took 40 minutes to unload her from the cargo plane, said a Saifee hospital attendant. "We will perform a sleeve gastrectomy operation, " said Dr Lakdawala, who travelled with Eman and her sister Shaimaa from the airport in a truck.

Business

Past Quarters Earnings Report for Cliffs Natural Resources Inc. (NYSE:CLF)

Several hedge funds and other institutional investors have recently bought and sold shares of CLF. Many research firms have provided their ratings on Cliffs Natural Resources Inc . The correct version of this news story can be read at https://baseballnewssource.com/markets/omega-advisors-inc-acquires-shares-of-1140100-cliffs-natural-resources-inc-clf/421075.html.

Business

Freddie Mac: Mortgage Rates In Holding Pattern Due To Economic Uncertainty

A year ago at this time, the 15-year FRM averaged 2.95%. 5/1 Adjustable Rate Mortgages at Chase start at 3.250%. with an April of 3.493% to start. One point equals 1 percent of the loan amount. The short term, popular 15 year fixed rate mortgages can be had for 3.710% today and an April of 3.894%. These applications rose 2 percent for the week and are at a 3.6 percent higher than they were a year ago.

Business

Cognizant (CTSH) Q4 Earnings & Revenues Increase Y/Y February 08, 2017

For the past 5 years, the company's revenue has grown 22%, while the company's earnings per share has grown 17.4%. A number of analysts offered their Estimated Earnings analysis for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for the current quarter.

Business

January 2017 new auto registrations up 2.9% YOY

According to the latest figures released by the Society of Motor Manufacturers & Traders, 174,564 new cars were registered in the month - 2.9 per cent up on January 2016 and highest total recorded since 2005. "It's encouraging to see alternatively fuelled vehicles benefiting from this positive growth, reaching a record market share", he added. NEW vehicle sales in Northern Ireland fell by almost one per cent in January compared to the same month a year ago, according to industry figures.

Business

Brexit French PM, Juncker say deal must be worse than membership

But some Labour MPs - 47 of whom defied Mr Corbyn's orders last week by voting against the government - say ministers need to be subjected to greater scrutiny over their plans for Brexit. Corbyn has now ordered a new three-line whip for the final vote on the bill. Mr Jones said he did not want a situation where MPs could send negotiators back to Brussels to try for a different deal before leaving, as this would be "the surest way of undermining our negotiating position and delivering a ...

Business

United Kingdom services growth cools as costs dominate firms' concerns

Activity in the U.S. services sector hit a 14-month high in January, according to data released on Friday. There is evidence that higher costs are deterring some companies from taking on extra staff, with the January surveys finding employment to have increased at the slowest rate since August.

Business

The Economy Just Gained 227000 Jobs. Here's How It Can Continue Growing

The problem, said the Journal , is that "no one knows how many Americans work as contractors, because they don't fit neatly into the job categories tracked by government agencies [such as the BLS]". That pace, however, would be more than enough to continue to bring down the unemployment rate. Couriers and other cargo-handling businesses slashed payrolls by 13,000 jobs in January, ending several months of gains during which the logistics sector ramped up for the holiday season.

Business

CBS, Entercom to Merge Radio Business

The merged entity will own 244 stations, including CBS Radio's 117 stations, with pro forma revenue of about $1.7 billion on a trailing 12-month basis. A purchase price was not disclosed, but the companies said the deal would be structured as a Reverse Morris Trust, which would be tax-free to CBS and its stockholders.

Business

Facebook Revenues Soar As Its Nears 2 Billion Users

Facebook pocketed US$27.6 billion in total revenue in 2016 on the back of its booming advertising business, up 54 per cent from the year earlier. "We've launched our new camera in Messenger and have started rolling it out in Facebook as well". Facebook's core network contributed most of its earnings, though the company also boasts huge user numbers on messaging service WhatsApp and photo-sharing platform Instagram , where it has introduced more and more features that closely ...

Business

United States oil exports set to hit all-time high under Trump

Brent crude LCOc1 settled up $1.22 a barrel at $56.80. Moreover, Russia announced that they will gradually lower their production according to the production deal agreement between 24 countries. Feb 1 Russian Federation has cut its oil and gas condensate production in January by around 100,000 barrels per day ( bpd ), as concluded from the data provided to Reuters by two industry sources on Wednesday.

Business

Walmart Just Gave Shoppers a Big Reason to Drop Amazon

The caveat is that there is a minimum purchase required for free shipping to homes, which Walmart lowered from $50 to $35. The only catch is that, unlike with Amazon's Prime membership , Walmart customers still have to meet a $35 threshold to qualify for two-day shipping.

Business

Eurozone GDP growth beats expectations as inflation edges up and unemployment falls

Meanwhile, unemployment in the eurozone fell to 9.6 per cent, against expectations of 9.8 per cent and down nearly a whole percentage point from last year's 10.5 per cent. While here at home, the seasonally adjusted unemployment rate for January was 7.1%, down from 7.2% in December 2016. The lowest level was reported for Germany - 3.9%, while Greece registered unemployment of 23%.

Business

Chuck Schumer Vows To Fight Trump Immigration Order

Democrats will fight President Donald Trump's "unconstitutional" refugee ban, pledged a teary-eyed Sen. The President's executive order temporarily suspended immigration from several Muslim majority countries, halts refugee admissions for four months and indefinitely halts the processing of Syrian refugees in particular.

Business

Almost 200 in downtown Tulsa for pipeline protest

The project needs approval from the U.S. Army Corps of Engineers. The new 36-inch pipeline would run 1,179 miles from Hardisty, Alberta, to Steele City, Nebraska, where it would connect to pipelines to IL and to the Gulf Coast. The issue of the DAPL seemed to be put to rest last November with a series of nationwide protests prompting President Obama to halt all further action toward its construction.

Business

Nigerians lose bid to sue oil giant Shell

In 2015, Shell agreed to an $84m (£55m) settlement with residents of the Bodo community in the Niger Delta for two oil spills. Legal firm Leigh Day , representing the claimants, called it a "very surprising decision". There is no hope of justice in the Nigerian courts. A British court has blocked Nigerian villagers' attempt to sue oil giant Shell for allegedly polluting their fishing waters and farmland.

Business

Alibaba affiliate Ant Financial nears deal to buy MoneyGram

The acquisition is a drop in the bucket for Ant Financial, which has a $60 billion valuation and raised $4.5 billion just past year. There were even rumors that MoneyGram could wind up combining with its rival Western Union. Formally known as Zhejiang Ant Small & Micro Financial Services Group Co, the Chinese company has begun making investments overseas, notably in India and Southeast Asia, to take its model of online finance and local services to emerging markets.

Business

Dollar rebounds, bond yields jump on Yellen's rate guidance

Although I am cautiously optimistic that some of these forces will abate over time, I anticipate that they will continue to restrain overall growth over the medium term, likely holding down the level of interest rates consistent with stable labor market conditions.

Business

Wal-Mart to add about 10000 retail jobs in the US

Some buy side analysts are also providing their Analysis on Wal-Mart Stores Inc., where 4 analysts have rated the stock as Strong buy, 5 analysts have given a Buy signal, 18 said it's a HOLD, 2 reported it as Underperform and 1 analysts rated the stock as Sell.

Business

CIA Director Airs Warnings for Trump Amid Intelligence Tensions

John Brennan's warning to the incoming Republican president - just days before Friday's inauguration - came as United States senators launched a bipartisan probe into Moscow's alleged meddling in the 2016 election. The president-elect said the claims were "fake news" and "phoney stuff". The Republican said leaks from the intelligence community led to some USA media outlets reporting unsubstantiated claims that he was caught in a compromising position in Russian Federation.

Business

Renault Tumbles As Paris Prosecutor Opens Inquiry Into Emissions

A separate investigation by the French environment ministry found some cars made by Renault and rivals emitted nitrous oxide many times over the European Union legal limit, but didn't punish the auto makers. The company was accused of having hidden software on diesel trucks that allowed them spew out excess emissions . The Italian-American company immediately denied the charges and pledged to work with President-elect Donald Trump's adminstration to resolve the issue "fairly".

Business

Mexican president weighs on the border wall issue

The president-elect of the United States and the president of Mexico both made public statements on the infamous U.S. -Mexico border wall on Wednesday. The president-elect said that since Mexico has been "so nice", that there will probably be a deal done before that happens. Responding to a series of questions on cyber hacking, particular those from Russia, Trump said, Moscow would have much more respect for the USA when he was leading it.

Business

Tesco and Marks & Spencer report strong Christmas sales

The headline 2.3 per cent like-for-like sales certainly got people's attention, but the underlying like-for-like was "only" 0.8 per cent because of the calendar shift. Overall, Primark's United Kingdom sales were up 11% at constant currency. Over the shorter seven-week Christmas period to January 7, which also includes the Black Friday promotional frenzy, like-for-like sales were up by 5pc, or 1.7pc in constant currency.

Business

Amazon launches Chase card for Prime members

Those with an eligible Amazon Prime membership earn 5% back from Amazon .com purchases, while purchases at restaurants, gas stations and drug stores net 2% cashback, and all other purchases yield 1%. Costco's Visa Anywhere cards, issued by Citigroup (C), offer just 2% cash back on Costco purchases. Amazon .com, Inc. (NASDAQ:AMZN) has always tried to stay ahead of its competition by implying new ways to attract customers towards itself.

Business

As consolidation hits Housing merges with PropTiger in $70-75 million deal

PropTiger is also clearly not an emerging market hopeful when you consider it could be valued at around $460 million using what REA Group just paid for its stake in the business as a valuation guide. Rahul Yadav said that a founder always has vision and can convince the market, thereby keep people patient during tough time. The company's other investors include SAIF Partners and Accel Partners.

Business

Accused Orlando Cop Killer: Reward Rises To $100K

According to the newswire, Orlando Police Master Sgt. Debra Clayton was gunned down near a Wal-Mart store in northwest Orlando earlier Monday. Scott tweeted that he is praying for the Orlando Police Department and said the state of Florida stands ready to help in any way.

Business

Fed Minutes Show More Interest Rate Hikes Coming This Year

Despite these risks, the minutes repeatedly said the central bank expects it can continue to make only "gradual adjustments" in the interest rate, although they emphasized the need to adjust course "as economic conditions evolve". Those include the strength of the dollar, "financial vulnerabilities in some foreign economies" and the still-low level of the benchmark federal funds rate (which doesn't give officials much room to maneuver if a crisis or downturn were to develop).