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Adidas manages to find a buyer for its golf business

TaylorMade's first-quarter 2017 net sales were $294 million, up 4 per cent on a currency-neutral basis year over year, but Adams and Ashworth were drags on the golf unit. "TaylorMade is a leading global golf brand with an exceptionally strong market position", said Kasper Rorstead, CEO of adidas AG. Completion of the transaction is expected later in 2017 and is subject to customary closing conditions and approvals.

Business

EU ruling could complicate new trade deals _ including UK's

The European Court of Justice has ruled that a free trade deal struck between the EU and Singapore in 2014 can not come into force unless ratified by all of the bloc's member states. But the ECJ says the EU-Singapore deal, concluded in 2014, has parts that affect powers enjoyed by member states. Therefore, national and regional parliaments will also need to approve it.

Business

Alphabet Inc Makes AdSense More Lenient On Publishers

Google said this would mean it being "more surgical" in ensuring that adverts do not appear next to pornography, violent images or illegal drug sales. And Google is taking a right step in this direction by providing them access to info on why ads were removed from their website. Advertising is the cornerstone of Google's business, but with AdSense in particular it relies on publishers to sign up to receive Google-derived ads on their sites - Google said that it paid out $11 billion to ...

Business

Mnuchin: US partners more comfortable with Trump on trade

Treasury Secretary Steven Mnuchin met one-on-one with finance officials from Canada, Germany and Japan on Friday, as a conference of G7 nations got underway in Bari, Italy . Trump has vowed to press for trade that is fair as well as open and benefits USA workers, and has focused on bilateral, or country-to-country, relations.

Business

Republican healthcare bill 'a huge tax cut for guys like me': Buffett

Still, Buffett is uncomfortable with keeping so much of Berkshire's cash parked on the sidelines, and acknowledges that the pressure is on to figure out whether to spend it-likely on a major acquisition-or pay it back to shareholders. He also addressed criticism that Berkshire discloses too little about businesses such as aircraft parts maker Precision Castparts Corp, which it bought past year for $32.1 billion.

Business

Oil rises as countries join OPEC cuts, U.S. inventory falls

But global inventories remain high, pulling crude back below $50 per barrel and putting pressure on Opec to extend the cuts to the rest of the year. Even as USA oil production increased yet again and more oil was released from the Strategic Petroleum Reserve, old supplies fell .

Business

Top Story of the Week: Snap Inc. Bombs First Earnings Release

Snap Inc, formerly Snapchat , Inc, is a camera company. In a report last month, eMarketer noted that in the past Facebook and Instagram added new features similar to Snap's to boost their appeal, and that Snap has recently started doing the same by introducing new self-service tools for marketers.

Business

Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

Buffett said: "We've had a lot of (tax cuts) in our lifetimes - it's certain that some of a lower corporate rate would be competed away, and it's sure that some of it would inure to the benefit of shareholders". I did not think (Jeff Bezos) could succeed on the scale that he has. Buffett was also critical of the American Health Care Act approved by House Republicans last week, saying it will aid the wealthiest Americans at the expense of everyone else.

Business

Kushner family won't attend China investor pitch after criticism

Meyer wanted to make clear that her brother had stepped away from the company in January and has nothing to do with this project", a company spokesperson said. residency visas for themselves and their families by investing at least $500,000 in certain development projects. But critics say loopholes have allowed deep-pocketed developers to finance lucrative projects in well-to-do urban areas instead of drawing jobs to needier areas, as the law intended.

Business

Dakota Access pipeline leaked 84 gallons of oil in April

The long-debated pipeline leaked crude oil on April 4 in Tulare Township in Spink County, according to the South Dakota Department of Environmental and Natural Resources. "Our lawsuit challenging this risky project is ongoing and it's more important than ever for the court to step in and halt additional accidents before they happen - not just for the Standing Rock Sioux Tribe and our resources but for the 17 million people whose drinking water is at risk ", Archambault said.

Business

EIA lowers forecasts for oil prices

The announcement will likely boost to oil prices, which yesterday jumped on reports from the American Petroleum Institute and the Energy Information Administration , which both estimated USA crude oil inventories to have fallen by more than 5 million barrels in the week to May 5.

Business

Australia plans major spending plus surplus in 3 years

That will certainly cause some frustration, because the government has done a lot to build expectations that it is committed to making Australia one of the best countries in the world for innovators. " Banks can jack up prices on their customers any day. if they do, take your money somewhere else, take your money to a regional or smaller bank". In addition, bank executives will face tough penalities for misconduct under a Banking Executive Accountability Regime.

Business

How major U.S. stock market indexes fared on Tuesday

Scores of hot stocks have driven the S&P 500 more than 7% higher year-to-date, and the Nasdaq Composite is better still, gaining more than 13%. The Standard & Poor's 500 index slipped 2.46 points, or 0.1 percent, to 2,396.92. With the USA job market continuing to improve, along with economies around the world, Orlando says he expects profits to keep rising through the year.

Business

S&P, Dow edge lower but Nasdaq notches another record high

Volatility in the markets has fallen considerably after the French election's results, with the S&P 500 VIX Index, a measure of volatility in the S&P 500 Index, falling 2.4% to 10.30, its lowest level in 12 months. After the bell, vehicle rental company Hertz Global Holdings reported a deeper-than-expected quarterly loss and its stock slumped 15 percent. Pandora Media sank 4.4% to $9.94 after the streaming music company cut its revenue estimate for the year and shook up its board.

Business

US upbeat after Turkey talks on Syria, Mattis: 'We'll work it out'

The U.S. sees the Kurds as its most effective battlefield partner against IS in northern and eastern Syria. The announcement comes one week before Turkish President Recep Tayyip Erdogan is scheduled to visit Washington and meet Trump. "We want to reassure the people and government of Turkey that the U.S.is committed to preventing additional security risks and protecting our North Atlantic Treaty Organisation ally".

Business

Trump administration hollows out EPA science integrity board

Earlier this year, the House Science Committee led by Lamar Smith (R-TX) pushed for reforms to the Scientific Advisory Board to put more industry representatives in those seats and prevent scientists holding EPA grants from sitting on the board.

Business

GOP-led panel OKs bill to overhaul Dodd-Frank

The Financial CHOICE Act , whose chief sponsor is committee chairman Jeb Hensarling, R-Texas, makes substantial changes at many financial regulators, including the Securities and Exchange Commission and the Financial Stability Oversight Council, which would no longer be able to designate non-bank firms as systemically important and would have to repeal previous designations.

Business

New York City cafe says Starbucks stole its unicorn drink

In a lawsuit filed in Brooklyn federal court, The End says Starbucks meant to establish "its deceptively similar beverage as the main (if not only) "unicorn" beverage on social media". Starbucks is being sued for creating and selling the Unicorn Frappuccino , according to TMZ , and the magic is officially dead. Starbucks has also brought back the S'mores Frappuccino, which contains a whole lot of marshmallow whipped cream and chocolate.

Business

Tesla Posts Q1 Loss as Ramp up to Model 3 Production Continues

Tesla has much riding on the Model 3 , which could finally make the cash-hemorrhaging automaker profitable. The EV maker is now ramping up production for the mass-market Model 3 , which has received more than 400,000 reservations. "We have made a solid start to what should be an exciting 2017", said Tesla in a letter to shareholders. The shares have been on a tear since last month, when Tesla announced its first quarter production and deliveries.

Business

USA consumer spending flat for second month in March

While acknowledging that the pace of growth in the US economy was slower than expected during the first quarter, Fed officials remained bullish on the country's economic prospects. An earlier report by payrolls processor ADP said private employers expanded their payrolls by 177,000 jobs last month, the smallest gain since the 62,000 increase last October as they faced increasing difficulty finding qualified workers.

Business

Gold demand 18% down

Total gold recycled in India was at 14.5 tonnes (14 tonnes) in the March quarter.Global gold demand in the first quarter of 2017 slipped 18 per cent from the year before due to a slowdown in inflows in exchange-traded funds and a drop in demand from central banks.

Business

US trade deficit narrows in March

A shrinking trade deficit adds to economic growth. Exports to countries other than the US rose 15.3 per cent in March to a record high $12.6 billion. Prices rose 1.9 per cent and volumes fell 0.2 per cent. But the politically sensitive trade gap with China rose. Export Development Canada says rising commodity prices will fuel export growth. "This is a solid report overall", Reitzes said.

Business

SBI reduces term deposit rates by up to 50 bps

Deposits of two-to-three years maturity will now generate a return of only 6.25% annually as against 6.75% earlier. Lakshmi Vilas Bank has also revised down the one-year MCLR by 0.05 per cent to 9.70 per cent per annum, with effect from today.

Business

Deadly crash on Ohio interstate sparks large fireball

The crash resulted in a massive fire that shut down both directions of Interstate 75 in Dayton and left at least one person dead, police said. A driver was killed instantly when the truck he was driving crashed into an oil tanker while heading the wrong way down the interstate .

Business

Advanced Micro Devices (AMD) Receives News Sentiment Score of 0.06

On the last trading day, Advanced Micro Devices, Inc . Company's distance from 20 day simple moving average is -22.49% and distance from 50-Day simple moving average is -24.48%. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock.