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Business

Aetna-Humana $37B merger blocked over fear it would harm consumers

According to the decision , the efficiencies gained through the merger would not be enough "to mitigate the anticompetitive effects for consumers in the challenged markets". Shares of Hartford, Connecticut-based Aetna Inc . fell about 3 percent, or $3.54, to $118.99 Monday afternoon, while broader indexes slipped less than 1 percent.

Business

OPEC, Russia Meet to Check on Oil-Cuts Progress

Following the meeting Kuwaiti Oil Minister Essam Al-Marzouk announced that participants had agreed upon a monitoring mechanism and would not accept "anything less than 100 percent compliance" with the cuts. His anticipation came after the Organization of Petroleum Exporting Countries (OPEC) agreed to cut oil production by 1.2 million barrels per day starting January 2017 and 11 non-OPEC countries vowed to cut oil output by 558,000 barrels per day.

Business

Avaya files for Chap. 11 bankruptcy protection

Avaya's CEO, Kevin Kennedy, commented, "Our business is performing well, and we are confident that we can emerge from this process stronger than ever, as this path is a reflection of our debt structure, not the strength of our operations or business model".

Business

China's economy grows 6.7 pct, remains global growth driver

China posted 6.8% GDP growth in the fourth quarter, as full-year 2016 growth hit 6.7%, its slowest pace in 26 years following a tidal wave of debt over the past year and a half that the country had never before experienced. Gross domestic product increased 6.8 percent in the three months through December from a year earlier, compared with a 6.7 percent median estimate in a Bloomberg survey .

Business

Whiting Petroleum Corporation (NYSE:WLL) 52 Week High stands at 14.44

The stock's market cap is $3.43 billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -3.29% where SMA50 and SMA200 are -3.51% and 9.63% respectively. Occidental Petroleum Corporation was Downgraded by BofA/Merrill to " Neutral" on Jan 4, 2017. They set a "buy" rating and a $83.00 price target on the stock.

Business

Yellen: US is near 'maximum employment'

But adjusting monetary policy, however slowly, in accordance with the prescription will raise the ire of a President who doesn't want higher interest rates and a higher dollar to get in to the way of his plans to make America great again. The other Asian markets, however, have entered into consolidation phase as traders and investors take less risk ahead of Trump's inauguration speech later this week.

Business

Britain will be forceful advocate for free trade, says PM May

She said in a speech delivered before a packed house on the forum's main stage here that Brexit was a vote to "take control and take decisions for ourselves" and to become "even more global and internationalist in action and spirit as well".

Business

Oxfam report shows 8 people own half the world's wealth

The report shows the gap between the rich and the poor is far much greater than originally feared, with the poorest half of the world having less wealth than previously thought. Mark Littlewood, director general at the Institute of Economic Affairs thinktank, said: "Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise out of poverty in the past year alone".

Business

Central Intelligence Agency boss: Trump does not understand Russian Federation

Adam Boulton will be in the United States to present a special Sky News programme - Trump: America's President - every day at midnight from now until Friday. "What I do find outrageous is equating the intelligence community with Nazi Germany", he said, referring to a tweet by Mr Trump last Wednesday. Posting on Twitter, Trump even likened the situation to 'Nazi Germany'.

Business

Diesel cheating inquiries widen to Renault and Fiat

Fiat also denies the charges. "We are in line with what happened to Volkswagen in September 2015. these are topics that are scary because they potentially mean extra costs for penalties", Natixis analyst Georges Dieng said by phone. Volkswagen's bill for its cheating rose this week after the company settled criminal and civil complaints with the U.S. Department of Justice, including pleading guilty to conspiracy to defraud the government and obstruction of justice.

Business

Amazon plans to hire 100000 over the next 18 months

Along with fulfillment, Bezos said the company will expand in "cloud technology, machine learning and advanced logistics". Amazon is already one o the country's biggest employers and its rapid growth has transformed the Denny Triangle and the South Lake Union neighborhoods just outside the downtown Seattle.

Business

Rex Tillerson's Confirmation Hearing to Be Donald Trump's Secretary of State

Senate Foreign Relations Committee Chairman Sen. The information, reportedly gathered by a former British spy whose work US intelligence agencies have found credible in the past, was drawn from a lengthy dossier later published by BuzzFeed .

Business

Russian Federation denies involvement in hacker attacks against US

Trump". On Tuesday, intelligence officials behind the report reiterated that they can't talk about how they reached their conclusions without jeopardizing their sources. It also says Mr. Trump was offered various real estate deals ahead of the 2018 World soccer cup but he did not take up these for "unknown" reasons. Shortly after news reports were published about the briefing, Trump lashed out at the media, tweeting: "FAKE NEWS - A TOTAL POLITICAL WITCH HUNT!" She continued to spread ...

Business

Yahoo will become Altaba, lose Mayer after Verizon buyout

Japan and Alibaba stakes and its other assets. The High Revenue estimate is predicted as 1.41 Billion, while the Low Revenue Estimate prediction stands at 1.35 Billion. If you are viewing this piece on another website, it was stolen and reposted in violation of United States & global copyright and trademark legislation.

Business

Manhunt after policewoman shot dead in Orlando

Orlando attorney Brian Sandor met Lewis while both were students at UCF. Her funeral is scheduled for 2 p.m. Saturday at the First Baptist Church of Orlando. Clayton was involved in Operation Positive Direction, he said. He is wanted for the murder of his pregnant ex-girlfriend in December. "Please continue to be vigilant and help us bring this killer to justice", a spokesperson tweeted for the Orlando Police Department early Tuesday.

Business

Which way ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA) insiders are heading

In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Incyte Corporation (NASDAQ:INCY) [ Trend Analysis ] tries to capture market sentiments, shares shows upbeat performance moved up 9.43% to $118.53.

Business

Fiat Chrysler Avoids Trump's Wrath; Plans To Invest $1 Billion In USA

Fiat which has acquired United States' Chryslers' assets during the Great recession said that it would invest $1 billion in the United States to modernize two existing plants in the United States and that would add as much as 2000 jobs. The news come the eve of the Detroit auto show. The updates are expected to be finished by 2020. Ford discontinued the Ranger, a small truck, in 2011, but newer versions are sold in 180 markets around the world.

Business

Grigor Dimitrov claims first ATP title in two and half years

There was little to separate Dimitrov and 2016 Wimbledon finalist Raonic in the first set, both players making the most of their big serves and not offering a single breakpoint opportunity. And since I have been here, every night I've been going to the arcades, for example, for an hour and a half, been playing arcades. Nadal, 30, may have been ranked lower than top seed Raonic but was the quarter-final favourite after rattling off a total of five wins in the past week in tournaments in Abu ...

Business

Scotland's Sturgeon says "unacceptable" lack of

The Scottish First Minister mooted that a hard Brexit could sway public opinion in Britain's northernmost country in favour of independence - but claimed she was willing to work with the Prime Minister to develop a "compromise solution". Many wanted her to put her words into action. She said that if the United Kingdom opts for leaving the single market then she would "give Scotland the opportunity to decide whether it wants to be driven off a hard Brexit cliff by right-wing Tory Brexiteers ...

Business

Licences to be seized if Aircel-Maxis don't appear in court: SC

The idea was floated by a Bench of Chief Justice Khehar and Justices NV Ramana and DY Chandrachud after respondents T Ananda Krishnan and Ralph Marshal, both associated with Malaysian company Maxis, failed to appear before the Court. CBI had filed a charge-sheet against Maran and Krishnan, besides others claiming Maran received a bribe of Re 642 crore. It further directed the Department of Telecommunications and the Ministry of Communication and Telecom to be prepared to ensure that ...

Business

Fed Officials in Minutes Cite 'Considerable Uncertainty' About Trump's Impact on Economy

Financial markets, including stocks, the USA dollar and government bond yields were fairly muted in reaction to the Fed minutes. But a robust discussion about the potential economic impact from his election victory does. Interestingly, under the administration of President-elect Donald Trump , the Fed itself may get a face lift. "Several" Fed voting members "noted that if the labor market appeared to be tightening significantly more than expected, it might become necessary to adjust the ...

Business

Macy's Closing Stores, Cutting 10100 Jobs

The Macy's corporation revealed the closures Wednesday afternoon as part of an ongoing effort to save money and focus resources on its best-performing store locations. A year ago 38 Macy's stores closed, including the massive one that spans almost 100,000 square feet at iconic Suburban Square in Ardmore. Shares of Macy's plunged as much as 7% in afterhours trading to $33.30 as it also issued lackluster holiday season sales and profits.

Business

Analyst's Review to Watch: Ford Motor Company (NYSE:F)

The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Based on an average daily volume of 19,504,086 shares, the days-to-cover ratio is now 2.1 days.

Business

Xerox split with Conduent complete

The transaction was disclosed in a filing with the SEC, which is available through the SEC website . A number of other research firms also recently commented on XRX. The company's previous year sales total was 4.65 Billion. This estimate is provided by 10 analysts. Institutional investors own 83.87% of the company's stock.

Business

Petroleum prices to remain unchanged is New Year gift, says Dar

Following the hike, the petrol price in Delhi from today midnight would be scaled to Rs 69.25. Only partial increase in MS Petrol and HSD of what had been recommended by OGRA was passed on to the end consumers for only the month of December, 2016.