• Ackman on comeback trail takes aim at ADP, gets instant pushback
Ackman on comeback trail takes aim at ADP, gets instant pushback

The company also took aim at Pershing Square's financial performance, which has been battered by the Valeant investment. Friday's statement comes after Bloomberg first reported last week that Ackman had built a stake in the firm. ADP said Ackman has told the company he owns an 8 per cent stake, largely accumulated through derivatives that reliev...

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  • Teva Pharmaceutical reports big drop in profits, cuts dividend
Teva Pharmaceutical reports big drop in profits, cuts dividend

The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.69 billion. That missed the $1.12 billion average of analysts' estimates compiled by Bloomberg. Share performance for the month is now at -2.12%. COPYRIGHT VIOLATION WARNING: This story was originally posted by Chaffey Breeze and is owned by of Chaffey...

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  • Census data shows Canadian households are changing
Census data shows Canadian households are changing

In the USA, 27.3% of all households are those living alone, 28.5% in the United Kingdom, 34.5% in Japan, and 41.1% in Germany. Finally, population aging and higher life expectancy have also contributed to the increase in one-person households, given that a larger share of seniors live alone as compared to other age groups.

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  • USAF to buy unclaimed Russian 747s for Air Force One replacement
USAF to buy unclaimed Russian 747s for Air Force One replacement

Although the US Air Force (USAF) has chose to go ahead with its plans of buying two new aircraft to replace the current presidential transport, it still found a way to cut the cost of the $386.8 million price tag for each of the two 747s.

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  • Teen evaluated after jumping from plane when it landed
Teen evaluated after jumping from plane when it landed

The Panama-based airline said in a brief statement that a crew member on Copa Airlines Flight 208 closed the door and the plane then taxied to the gate, where all the other passengers got off the flight without incident . Copa Airlines officials were not immediately available Wednesday for further comment. "People were yelling, 'Tell the fligh...

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  • Caixin manufacturing PMI hits four-month high in July
Caixin manufacturing PMI hits four-month high in July

Manufacturing sector in India contracted in July following the GST launch as new orders and output dropped for the first time since the downturn in December previous year post demonetisation, a survey said on Tuesday. The PMI exceeded the consensus forecast of 54.4 in a Reuters poll of economists. The latest survey adds more evidence that par...

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  • Fork Watch: First Bitcoin Cash Block Mined
Fork Watch: First Bitcoin Cash Block Mined

Will they process the blocks or reject them? What will happen after the bitcoin fork? . The firm operates the GDAX exchange, which said in an email alert it has temporarily disabled bitcoin withdrawals and deposits Tuesday "in preparation for the upcoming fork".

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  • Discovery Communications, Scripps Networks Bring HGTV & TLC Together In $14.6B Deal
Discovery Communications, Scripps Networks Bring HGTV & TLC Together In $14.6B Deal

David Zaslav, President and CEO, Discovery Communications said: "This is an exciting new chapter for Discovery". Teachers Advisors LLC now owns 467,294 shares of the company's stock worth $12,514,000 after buying an additional 18,077 shares during the last quarter.

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  • Acceleration: GDP Rises At 2.6% Annual Pace
Acceleration: GDP Rises At 2.6% Annual Pace

The Commerce Department will release its advance second-quarter GDP estimate on Friday at 8:30 a.m. EDT. Investment on nonresidential structures like oil and gas wells likely provided another boost to GDP growth in the second quarter.

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  • WTI, Brent crude oil futures settle higher
WTI, Brent crude oil futures settle higher

Brent crude futures were up 86 cents at $52.35 a barrel at 11:35 a.m. EDT (1535 GMT) after reaching a two-month high of $52.68 a barrel. The deal to curb output propelled crude prices above $58 a barrel in January but they have since slipped back to a $45 to $50 range as the effort to drain global inventories has taken longer than expected.

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  • Jailed Volkswagen exec to plead guilty in USA diesel scandal
Jailed Volkswagen exec to plead guilty in USA diesel scandal

Earlier in July, the Justice Department charged former Audi manager Giovanni Pamio with directing employees to design software enabling thousands of Audi diesel cars to beat US emissions tests. U.S. District Judge Sean Cox has refused to release Schmidt on bond, saying he might flee. The US court approved in May the compensation plan of some 60...

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  • Lyft Drivers Say 'Hell No' to Rideshare Company's Taco Bell Partnership
Lyft Drivers Say 'Hell No' to Rideshare Company's Taco Bell Partnership

I am sure this will be a lot of fun for the drivers. Taco Mode will be launched as a pilot program between 9 p.m. and 2 a.m. during two date periods: July 27-29 and August 3-5 in Orange County, California. Lyft combining with Taco Bell is a night out partnership at its best , as the Lyft explains. Taco Bell isn't paying Lyft , and the ...

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  • Ari Fleischer on Spicer Departure: 'Sean Has Had Enough'
Ari Fleischer on Spicer Departure: 'Sean Has Had Enough'

Shortly after reports that Scaramucci accepted the position began circulating, curious Twitter users handled the news the only logical way, by delving deep into Scaramucci's online past. The appointment comes as the White House deals with questions around a special counsel probe and several congressional investigations into alleged Russian med...

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  • No Korean military talks after North Korea snubs South's call
No Korean military talks after North Korea snubs South's call

Koryo Tours and Young Pioneer Tours , the latter being the company that took Warmbier into North Korea , issued statements regarding the ban on Friday. The U.S. State Department confirmed it shortly after, citing safety concerns for U.S. citizens. The US will announce the ban within a couple of days, said Simon Cockerell, general manager ...

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  • Lyft Announces Self Driving Cars by the End of this Year
Lyft Announces Self Driving Cars by the End of this Year

Lyft is embarking on this in-house solution years behind Uber , Waymo, and many others. Until now, Lyft was focused on building a dense, diverse network of partnerships while rival Uber was employing teams of engineers to work on developing its own self-driving technology.

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  • Deputy AG Rosenstein Weighs In On Mueller Hiring Clinton Donors
Deputy AG Rosenstein Weighs In On Mueller Hiring Clinton Donors

But days later, Trump admitted in an interview with NBC News that he would have fired Comey regardless of any recommendation. With regards to James Comey's decision to leak his memorandums from his conversations with the President, did you - what was your reaction to that when he said that he leaked that information to the press? "We have a...

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  • IMI plc's (IMI)
IMI plc's (IMI) "Neutral" Rating Reiterated at Goldman Sachs Group, Inc

Shore Capital maintained the shares of STJ in report on Tuesday, April 25 with "Buy" rating. The firm now has GBX 520.00 TP on the stock. Jefferies's target indicates a potential downside of -26.84% from the company's last price. It has underperformed by 11.87% the S&P500. The company has market cap of $13.15 billion. The company had a trading volu...

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  • Bharat Arun appointed Team India's bowling coach, confirms BCCI
Bharat Arun appointed Team India's bowling coach, confirms BCCI

Left to myself, I don't want to be involved in any of these issues, but if it lands in our lap what do we do? Later, India thumped South Africa 3-0 in home Test series and reached semi-finals of 2015 World Cup and 2016 World T20. And we have the side to win away from home. It is pertinent to add that the 54-year-old had in the past served in the ...

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  • Bruce Allen doesn't know Kirk Cousins' name, calls him 'Kurt' multiple times
Bruce Allen doesn't know Kirk Cousins' name, calls him 'Kurt' multiple times

Per the NFL's collective bargaining agreement, because he's playing 2017 on the franchise tag , Washington can not negotiate with Cousins until after the season. In the 2016 offseason, the Redskins' best offer - made early in the offseason - was for $ 16 million per year, with $ 24 million guaranteed. Washington claims they never got a s...

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  • Nasdaq continues win streak as Wall Street closes mixed
Nasdaq continues win streak as Wall Street closes mixed

Stocks in the US were ready to open in record territory Monday as investors prepared for what will be a busy week with several companies reporting earnings and an important report on manufacturing. This follows a robust first quarter when U.S. companies posted their best earnings since 2011, according to Thomson Reuters I/B/E/S. The Russell...

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  • The Trump Administration Is Letting American Businesses Hire More Foreign Workers
The Trump Administration Is Letting American Businesses Hire More Foreign Workers

In order to hire foreign workers through the non-immigrant visa program, businesses must show there are not enough USA workers "able, willing, qualified, and available" for the jobs. Businesses' petitions are expected to be reviewed on a first-come, first-served basis. The H-2B visa is used extensively by Trump's own businesses, including his M...

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  • Why Shares of Blue Apron Holdings Continue to Get Crushed
Why Shares of Blue Apron Holdings Continue to Get Crushed

Amazon's acquisition of Whole Foods means the company will soon have access to top-notch food sourcing and distribution, which will undoubtedly make it easy to compete with Blue Apron in the meal-kit market. And while the meal kit category is fraught with problems-including reports of high churn rates as consumers wrestle with food quality, ...

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  • Camilla Parker Bowles Facts: Duchess Of Cornwall Celebrates 70th Birthday
Camilla Parker Bowles Facts: Duchess Of Cornwall Celebrates 70th Birthday

Having a lavish celebration would be seen by many as disrespectful, and although Camilla has been a member of the Royal Family for 12 years now, she still needs to tread lightly protecting her image with the public. Read: Will Camilla Be The Next Queen? The picture was taken by photographer Mario Testino and shows the couple standing close tog...

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  • Delta Publicly Apologizes to Ann Coulter, Will Refund Her $30
Delta Publicly Apologizes to Ann Coulter, Will Refund Her $30

At the time of boarding, the airline said it moved Coulter to another window seat on the same row to accommodate seating requests from other passengers. "$30! It cost me $10,000 of my time to pre-select the seat I wanted, investigate type of plane & go back periodically to review seat options", Coulter wrote on Twitter .

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  • The Chinese economy is growing faster than all expectations
The Chinese economy is growing faster than all expectations

As reported by Bloomberg , industrial output rose by 7.6 percent from a year earlier after it was estimated it would only grow by 6.5 percent. There is fear that growing debt in the manufacturing sector could combine with overcapacity to drag the economy down, and there are also worries that large cities are now in the middle of a property bubble....

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  • Financial Stocks Down After Bank Earnings - Financials Roundup
Financial Stocks Down After Bank Earnings - Financials Roundup

It's now trading about -7.32% below its 52-week high. Rafferty downgraded Wells Fargo & Co (NYSE: WFC ) on Wednesday, April 12 to "Sell" rating. It has underperformed by 7.03% the S&P500. Therefore 42% are positive. Stifel Nicolaus downgraded the stock to "Sell" rating in Thursday, January 12 report. Equity research analysts have forecasted the s...

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  • Wind gusts of up to 70 km/hour expected in some wildfire zones
Wind gusts of up to 70 km/hour expected in some wildfire zones

The province is reminding evacuees to register with the Canadian Red Cross and, if they need lodging or food, to register at emergency social services reception centres as well. "Unfortunately, significant rain continues to elude the southern half of the province for the foreseeable future", Environment Canada said. The winds have already been a ...

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  • Congress urges Centre to resolve India-China border stand-off diplomatically
Congress urges Centre to resolve India-China border stand-off diplomatically

The Opposition camp featured the likes of the Congress' Ghulam Nabi Azad and Mallikarjun Kharge, the Leaders of the Opposition in the Rajya Sabha and the Lok Sabha respectively, Sitaram Yechury (CPI-M), Mulayam Singh Yadav (Samajwadi Party), Tariq Anwar (NCP), Sharad Yadav and KC Tyagi (JD-U), and O'Brien, among others.

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  • S&P, Dow flat after big banks' earnings
S&P, Dow flat after big banks' earnings

The Dow is up 1,875.14 points, or 9.5 percent. Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 percent. Thursday's action left the Nasdaq composite ahead almost 2% for the week and tracking toward its best weekly finish since late May.

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  • Disgraced former Federation Internationale de Football Association official Blazer dies aged 72
Disgraced former Federation Internationale de Football Association official Blazer dies aged 72

The ban was announced by FIFA's ethics committee for his "many acts of misconduct" at FIFA and as general secretary of the Confederation of North, Central America and Caribbean Association Football (CONCACAF). Chuck Blazer had been battling cancer up to his death. "Sorry about all the issues regarding Federation Internationale de Football Associ...

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