Business

The U.S. Treasury froze the assets of 11 agents of the North Korean government Friday in response to the regime's continued development of a nuclear missile program. The women's team will enter Pyongyang from Beijing on Monday. The official, from the North Korean Sports Ministry, reportedly told Choi that the North Koreans will attempt to send "as many athletes as possible" through qualifying events.
  • Cbn Pegs Exchange Rate For School Fees, Medicals, Others At N360/$1

    Cbn Pegs Exchange Rate For School Fees, Medicals, Others At N360/$1

    Business

    The Central Bank of Nigeria, CBN , has ordered Nigerian banks to sell the dollar at a rate of N360 per unit to its customers with immediate effect. "The CBN to sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc)", the apex bank said in the statement.
  • Emmanuel Macron seen as winning first televised presidential debate

    Business

    Socialist candidate Benoit Hamon and far-left leader Jean-Luc Melenchon, both looking to boost their poll numbers, were the first to take swipes at Le Pen. It welcomed the focus on policy after a campaign so far overshadowed by Fillon's expenses woes and Le Pen's refusal to meet investigating magistrates over claims she misused European Parliament allowances.
  • Dollar slips amid uncertainty of gradual rate hike; Euro gains

    Dollar slips amid uncertainty of gradual rate hike; Euro gains

    Business

    Gold rallied in the wake of last Wednesday's less hawkish than expected Fed policy statement, which dampened speculation that the USA central bank would raise interest rates quickly this year. The euro ticked up to $1.0758, near Friday's six-week high of $1.07825, maintaining its gains made last week after a election defeat for Dutch far-right leader Geert Wilders, which eased broader fears of a populist drift in European politics.
  • A Boutique Is Suing Ivanka Trump's Label for 'Unfair Competition'

    A Boutique Is Suing Ivanka Trump's Label for 'Unfair Competition'

    Business

    Ivanka Trump will have her own office on the second floor of the West Wing, Politico reported on Monday. In her unpaid role, Ivanka will "continue to be the eyes and ears of her father and provide candid advice as she has for her entire adult life", her attorney, Jamie Gorelick , said in an NPR interview.
  • Uber loses president after controversies continue to rock the ride-hailing giant

    Uber loses president after controversies continue to rock the ride-hailing giant

    Business

    All three issued full-throated admissions that the company has big problems that are being rooted out in various areas, including Kalanick's leadership, the way the company operates internally and how the company treats its drivers. This fall's election and the current fiscal crisis in Kansas is driving me to more fully participate in our democracy - and I want to do that in the place I call home.
  • Wall Street edges down as healthcare, utility stocks fall

    Wall Street edges down as healthcare, utility stocks fall

    Business

    A victory for Wilders's party "may cause the euro to give back more of the gains it posted following the recent European Central Bank meeting, and in combination with a rate hike by the Fed, it could push euro/dollar gradually lower for another test near the key 1.0500 territory", he said.
  • Yahoo Hack: US Charges 4 Alleged Russian Spies and Criminals

    Yahoo Hack: US Charges 4 Alleged Russian Spies and Criminals

    Business

    Justice Department links Russia's top spy agency, the FSB, to the massive hacking operation which began in 2014 with the twin goals of espionage and financial gain. The case further blurs the lines between the Russian government and cybercriminals. In the indictment, United States authorities name two hackers as Alexsey Alexseyevich Belan, aka "Magg", 29, a Russian national and resident; and Karim Baratov, aka "Kay", "Karim Taloverov" and "Karim Akehmet Tokbergenov", a 22-year-old Canadian ...
  • Tourists and BBC crew suffer minor injuries in Mount Etna blast

    Tourists and BBC crew suffer minor injuries in Mount Etna blast

    Business

    BBC science reporter Rebecca Morelle tweeted: "Many injured - some head injuries, burns, cuts and bruises". The crew, exhausted and panicked, made it back to a large snowmobile which had sustained damage from flying debris, with some sustaining " cuts, bruises and burns ", according to Morelle, adding that they were all "very shaken" by the " extremely scary " experience.
  • The collapse of Valeant, as told by its stock chart

    The collapse of Valeant, as told by its stock chart

    Business

    As of December, the firm owned 18.1 million shares of Valeant and is estimated to have booked a $2.8 billion loss on the shares since then. They have traded as low as $10.50 on Tuesday, their lowest level since May 2009. Analysts predict that Valeant Pharmaceuticals Intl Inc will post $3.89 EPS for the current year. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
  • Milwaukee Business Journal: Gander Mountain files for bankruptcy, Germantown store to close

    Milwaukee Business Journal: Gander Mountain files for bankruptcy, Germantown store to close

    Business

    The company is now headquartered in Saint Paul, Minnesota and once had 162 stores and over 5,600 employees. It voluntarily filed for federal Chapter 11 bankruptcy protection to help sell it and its subsidiaries. Company officials said the bankruptcy filing is planned to maximize the chances of selling the company. The company said Friday it expects to conduct normal business operations during its restructuring.
  • US Fed chair signals March interest rate hike likely if economy progresses

    US Fed chair signals March interest rate hike likely if economy progresses

    Business

    The US dollar index rose to its highest level since early January as a third Fed official this week, Fed governor Lael Brainard , said tighter monetary policy "will likely be appropriate soon". The Standard & Poor's 500 index fell 3 points, or 0.2 per cent, to 2,378. But economists said the Fed's more hawkish stance was unlikely to alter the RBA's own rates course anytime soon, despite mounting evidence that last year's rate cuts have sparked a re-acceleration of house prices and ...
  • Following Ambassador, Peugeot set to acquire Opel, Vauxhall

    Business

    Between them, Opel and PSA, which makes Peugeot and Citroen cars, have three factories in Spain, which employ about 13,000 people in total. Spokespeople for PSA and Opel declined to comment. The news site says its two sources familiar with negotiations have confirmed that PSA has agreed to buy Opel from the General, and that the parties plan to make the announcement on Monday.
  • Portland General Electric Company

    Business

    In the past 6 months, 6 Insider purchases and 1 Insider Sales were made in which 64093 shares were traded as Insider purchases and 73389800 shares were exchanged as Insider Sales. The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, February 27th will be paid a dividend of $0.24 per share.
  • Bay Street Nervous Amid US Rate Hike Chatter

    Business

    United States stocks were marginally up on Friday, as investors focused on Federal Reserve chair Janet Yellen's speech for clues on the possibility of an interest rate hike later this month. Federal funds futures, which reflect the implied probability of a rate hike, at one point Tuesday signaled a 62% chance of an increase this month, doubled from the day before.
  • Schumer asks FCC to allow JCCs to trace bomb threat calls

    Business

    MacCleery said the Consumer Reports had "heard from more than 50,000 consumers who support these rules through petitions and comments directly to the FCC". Included in that agenda is a notice of proposed rulemaking that would allow phone service providers to block calls from "spoofed" numbers, which disguise the source of certain robocalls.
  • Kazakhstan over fulfills obligations on oil output cut

    Business

    OPEC's own report indicates their member nations had a compliance rate of 90-percent for the first month of 2017. Despite the threat of USA production, several analysts' and fund managers expect prices to rebound from their current level, thanks to higher than expected compliance from OPEC producers.
  • Ben Carson One Step Closer to Becoming HUD Secretary

    Ben Carson One Step Closer to Becoming HUD Secretary

    Business

    Carson's nomination was delayed after receiving intense criticism from Democrats, who were skeptical of his lack of government experience, his seeming contempt for public assistance, and some past inflammatory statements he has made. Born in Detroit, he was raised by a single mother with a third-grade education. "Can we count on Dr. Carson to keep those promises?" "Housing inventories are tight and mortgage credit is hard to come by, and at the same time far too many buyers are saddled ...
  • USA manufacturing continues to rise in February: ISM

    USA manufacturing continues to rise in February: ISM

    Business

    Production saw a 1.5 percent gain to 62.9 for its sixth straight month of growth and at its highest level since March 2011's 64.2. The Employment Index declined 1.9 points to 54.2 in February, indicating expansion for the fifth consecutive month.
  • RBS Suffers $8.74B Loss in 2016, CEO McEwan Pledges Cost-Cutting Strategy

    RBS Suffers $8.74B Loss in 2016, CEO McEwan Pledges Cost-Cutting Strategy

    Business

    RBS expects to report its first profit in a decade in 2018 after accumulating more than 58 billion pounds of losses over the past nine years. The Edinburgh-based lender said it had been severely hit by litigation and conduct costs of nearly 5.9 billion pounds, including over its issuance of United States mortgage-based securities and its role in the mis-selling of a UK insurance product.