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Business

The most severe hypothetical scenario projects $383 billion in loan losses at the 34 participating bank holding companies during the nine quarters tested. For individual banks, the Fed requires a level of 4.5 percent. The latest downturn scenario includes: the US unemployment rate peaking at 10 percent in the third quarter of 2018 - up from 4.3 percent in May; a 49.7 percent decline in the Dow Jones Industrial Average; a decline in home prices of 25.7 percent and a 34 percent decline in ...
  • Reynolds outlines goals as Iowa governor

    Reynolds outlines goals as Iowa governor

    Business

    Ambassador to China. It still has not been decided how a replacement for Lieutenant Governor will be decided. For half an hour, Iowa did not have a governor, as Terry Branstad, the longest serving governor in USA history, resigned to be the next ambassador to China.
  • World champions Blitzboks stutter into London quarters

    World champions Blitzboks stutter into London quarters

    Business

    Veteran playmaker Stannard, 34, took his career tally of points in the world series past 1000 in the win over Samoa and later earned rich praise from coach Andy Friend. Scotland defeated England in an scintillating HSBC London Sevens final on Sunday as South Africa were officially crowned series champions. Dan Norton is chasing United States's Perry Baker for the series top try scorer and he narrowed the lead by scoring two against an Australian side that were much improved since ...
  • About 37000 AT&T workers go on three-day strike

    About 37000 AT&T workers go on three-day strike

    Business

    Since December, AT&T workers have picketed retail stores in San Francisco, New York, Boston, Seattle, Chicago, San Diego and other cities, hung banners on freeway overpasses, organized rallies and marches and confronted the corporation at its annual meeting in Dallas.
  • Why Kate Middleton Won't Be Pippa's Maid of Honor

    Why Kate Middleton Won't Be Pippa's Maid of Honor

    Business

    According to E News , Pippa has been working out at the very fancy Grace Belgravia health club in London, where a three month "bridal membership" was customised for her. "But if your sister is a future queen, she is going to upstage the bride and draw attention", she told People magazine . A florist called Green Parlour in Berkshire, United Kingdom, are providing the flowers for the event and their displays are set to incorporate trees very much in the way that Kate had the knave ...
  • United States clothing retail sales slip in April

    United States clothing retail sales slip in April

    Business

    Census Bureau. Auto sales rose 0.7 percent after falling in March. Sales at gasoline stations were 12.3% higher in April than a year ago, as the cost of oil strengthened. Consumer confidence has soared since the presidential election, but spending hasn't increased as much as the jump in optimism would suggest. And inflation has ticked up, eroding most of that wage gain.
  • Tesla starts selling solar roof; says savings to cover costs

    Tesla starts selling solar roof; says savings to cover costs

    Business

    They're also printed a special way so that the solar panels aren't visible from the road - they supposedly look opaque enough to be mistaken for traditional roofing tiles unless you're looking nearly straight down on them. " Tesla's mission is to accelerate the world's transition to a sustainable energy future by creating products that are so compelling, there is no alternative", says Tesla.
  • Turkmenistan to join OPEC production cut

    Turkmenistan to join OPEC production cut

    Business

    In the deal from November 30, OPEC pledged to cut 1.2 million bpd of its production, while Azerbaijan, Bahrain, Brunei Darussalam, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Republic of Sudan, and Republic of South Sudan committed to a collective cut of 558,000 bpd.
  • US May Soon Ban Laptops In Cabins On Flights From Europe

    Business

    The original ban, and any extension of it to include flights originating from other regions of the world, is based out of a fear that terrorists have developed the ability to create powerful bombs that could be concealed inside larger electronic devices.
  • Boeing halts test flights of new plane over engine issue

    Boeing halts test flights of new plane over engine issue

    Business

    CFM is the joint venture between United States firm General Electric and French-based Safran. Boeing stated that the LEAP-1B engines were thoroughly inspected throughout more than 2,000 hours of testing, during which time the company did not experience any problems.
  • S African court orders Zuma to explain shock cabinet reshuffle

    S African court orders Zuma to explain shock cabinet reshuffle

    Business

    This ruling was as a result of a legal action filed in April by the opposition Democratic Alliance (DA) party against the reshuffle that saw five ministers lose their jobs including former Finance Minister Pravin Gordhan. Ramaphosa usually publicly backs Zuma and his criticism of Gordhan's sacking was a sign of deepening divisions in the ruling African National Congress that are likely to worsen until the party elects a new leader in December.
  • Now, Baba Ramdev eyes 'fast food chain' to take on McDonald's, KFC

    Now, Baba Ramdev eyes 'fast food chain' to take on McDonald's, KFC

    Business

    Mr Balkrishna said, "In Nagpur, construction of production facility is underway in the Special Economic Zone (SEZ) which will cater to exports. In dishwash segment, we have about 35 per cent market share", he said. At Rs 825 crore, Patanjali's hair oil sales are higher than that of key player Bajaj Corp. In fact, he advised some Yoga exercises for officials from traditional FMCG brands in India, as he said, "Turnover figures will force MNCs to go for kapalbhati (a breathing exercise)".
  • Energy shares lead world stock losses on volatile oil price

    Business

    Oil's decline was in step with other commodities including industrial metals such as copper, which has been hit by concerns over Chinese demand. The main emerging currencies were all on track for weekly losses and MSCI's closely-followed EM stocks index hit a 10-day low.
  • Google to pay $334 million to settle Italian tax dispute

    Google to pay $334 million to settle Italian tax dispute

    Business

    Italy has done a search for money and come up with 306 million euros from Google . Other European countries have also accused Google of avoiding taxes by booking income earned in higher-taxing markets through its Ireland unit, where taxes are lower.
  • Federal Bank soars to new high on huge volumes on robust results

    Federal Bank soars to new high on huge volumes on robust results

    Business

    The net interest income increased by 10 per cent on a year-on-year (YoY) basis to Rs 5,962 crore during the quarter under review from Rs 5,404 crore in the quarter ended March 31, 2016. Several public sector banks have been struggling to cope with rising bad loans and higher provisions to cover for a risk of defaults. Marathe said the bank will focus on growing its retail credit and bad loan recoveries to turn the situation around.
  • UFC creates fourth weight class for women, adding 125-pounders

    UFC creates fourth weight class for women, adding 125-pounders

    Business

    Plans for a new weight class will surely come as good news to dozens of fighters now on the roster - contenders who were either too small to compete at 135 pounds, but too big to compete at 115. The one glaring hole on the UFC's roster for the last several years has been the absence of a women's flyweight division. The decision comes hot on the heels of a featherweight class being launched in February where Germaine de Randamie was crowned the inaugral champion when she won a controversial ...
  • US trade deficit narrows in March

    US trade deficit narrows in March

    Business

    Imports grew 1.7 per cent to $47.11 billion on higher inward flows of metal and non-metallic mineral products, particularly unwrought gold from Japan. On the service part, Exports of services increased $0.4 billion to $64.7 billion in March, at the same time imports of services decreased less than $0.1 billion to $42.9 billion in March.
  • Marchers use Trump's 100th day to protest climate policies

    Marchers use Trump's 100th day to protest climate policies

    Business

    Her friend Kathy Goos, also of Northampton, who showed up carrying a sign reading "Alternative Energy Not Alternative Facts", agreed, calling climate change "our premium, No. Speakers included a lobsterman, a solar company owner and members of the Penobscot Nation tribe. Democratic Party Senator Bernie Sanders led a march of some 3,000 in Vermont.
  • The Goodyear Tire & Rubber Company Earnings Ahead: Quick Glance

    The Goodyear Tire & Rubber Company Earnings Ahead: Quick Glance

    Business

    Last year, Cooper reported earning $59 million, or $1.05 per share, on sales of $649.8 million. Net sales for the company dropped $7 million compared to a year ago. Sell-side analyst recommendations point to a short term price target of $20.42 on the company shares. The P/E ratio was recorded at 7.53.The volatility in the previous week has experienced by 1.50% and observed of 2.15% in the previous month.96.60% ownership is held by institutional investors while insiders hold ownership of 0.30%.
  • Yahoo's chief Mayer to receive $186m golden parachute from Verizon sale

    Yahoo's chief Mayer to receive $186m golden parachute from Verizon sale

    Business

    The money, detailed in a 429-page document sent to shareholders, includes the value of shares already owned, outstanding share options, a "golden parachute" payment, cash payments and medical benefits. Mayer admitted that year the company had only started investing in mobile in 2013 and was "late" and "behind". If you're a 90's kid then you're aware of the importance of Yahoo in your life at one point in time.