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Yahoo Finance - Business finance, stock market, quotes, newshttps://in.finance.yahoo.com/news/india-opens-ports-used-steel-162807842.html -- India opens new ports for used steel importsSat, 20 Jan 2018 11:28:07 -0500

India opens new ports for used steel importsIndia has increased the number of ports that can handle imports of non-prime steel to a total of six, with the addition of three new ports, the ministry of commerce and industry said. A ministry notification ...


https://in.finance.yahoo.com/news/watch-dubai-mumbai-now-got-162047294.html -- Watch Out Dubai! Mumbai’s Now Got Its Own Night BazaarSat, 20 Jan 2018 11:20:47 -0500

Watch Out Dubai! Mumbai’s Now Got Its Own Night BazaarWill the Mumbai Shopping Festival become the largest in the world?


https://in.finance.yahoo.com/news/india-restricts-imports-petcoke-users-135015835.html -- India restricts use of imported petcoke in Delhi regionSat, 20 Jan 2018 10:59:25 -0500

India restricts use of imported petcoke in Delhi regionIndia's environment ministry has placed restrictions on the use of imported petroleum coke in the capital Delhi and its surrounding region, in the latest effort to curb rising air pollution. Local producers include Indian Oil Corp, Reliance Industries and Bharat Petroleum Corp. "Only consented and registered industrial units of NCR States shall be permitted to directly import pet coke and consignment shall be in the name of user industrial units for their own use," the ministry of environment, forest and climate change said in a notification issued late on Friday.


https://in.finance.yahoo.com/news/india-meet-divestment-target-first-145411173.html -- India To Meet Divestment Target First Time After ONGC-HPCL DealSat, 20 Jan 2018 09:54:11 -0500

India To Meet Divestment Target First Time After ONGC-HPCL DealTotal disinvestment proceeds in 2017-18 will go up to a record Rs 91,253 crore. 


https://in.finance.yahoo.com/news/us-government-shutdown-hit-indian-135604579.html -- US government shutdown to hit Indian exports: EEPCSat, 20 Jan 2018 08:56:04 -0500

US government shutdown to hit Indian exports: EEPCKolkata, Jan 20 (IANS) The Engineering Export Promotion Council of India (EEPC) on Saturday said the shut-down of the US Federal government will hit exports to the country which is among the largest destinations for Indian exports. The US government began shutting down on Saturday for the first time in more than four years after Senate Democrats blocked consideration of a stopgap spending measure to keep the government operating. "The shutdown of the US Federal government is certainly bad news for the Indian exporters since the American economy is among the largest destinations for exports," EEPC India Chairman Ravi P. Sehgal said.


https://in.finance.yahoo.com/news/padmaavat-uproar-did-state-embolden-133633566.html -- Padmaavat Uproar: Did The State Embolden The Fringe?Sat, 20 Jan 2018 08:36:33 -0500

Padmaavat Uproar: Did The State Embolden The Fringe?The state let the fringe go out of control, says film industry veterans. 


https://in.finance.yahoo.com/news/taxman-imposed-rs-414-crore-131413084.html -- Taxman Imposed Rs 414 Crore Fine On Young India: Swamy To CourtSat, 20 Jan 2018 08:14:13 -0500

Taxman Imposed Rs 414 Crore Fine On Young India: Swamy To CourtSwamy submits in court that the income tax department fined Young Indian Rs 414 crore.


https://in.finance.yahoo.com/news/ongc-buy-majority-stake-refiner-130920894.html -- ONGC to buy majority stake in refiner HPCL for $5.78 billionSat, 20 Jan 2018 08:09:20 -0500

ONGC to buy majority stake in refiner HPCL for $5.78 billionIndia's biggest explorer Oil and Natural Gas Corp (ONGC) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp for 369 billion rupees ($5.78 billion), ONGC said on Saturday. It will pay a premium of about 14 percent on HPCL's current market price for the 51.1 percent stake, the company said in a statement to the stock exchange. The deal is part of the government's objective to combine various public sector enterprises "to give them the capacity to bear higher risks" and create more value for shareholders, ONGC said.


https://in.finance.yahoo.com/news/constitution-greatest-public-policy-justice-125814912.html -- Constitution Is The Greatest Public Policy: Justice ChelameswarSat, 20 Jan 2018 07:58:14 -0500

Constitution Is The Greatest Public Policy: Justice ChelameswarJustice Chelameswar is one of the four Supreme Court judges who questioned the CJI over the allocation of cases.


https://in.finance.yahoo.com/news/jaitley-offers-pre-budget-halwa-124004927.html -- Jaitley offers pre-Budget 'halwa' to Finance Ministry officialsSat, 20 Jan 2018 07:40:04 -0500

Jaitley offers pre-Budget 'halwa' to Finance Ministry officialsNew Delhi, Jan 20 (IANS) Following the Indian tradition of having something sweet before setting out on an auspicious work, the Finance Ministry here on Saturday performed the "halwa" ceremony ...


https://in.finance.yahoo.com/news/ongc-buy-governments-51-11-122806257.html -- ONGC to buy government's 51.11% stake in HPCL for Rs 36,915 crSat, 20 Jan 2018 07:28:06 -0500

ONGC to buy government's 51.11% stake in HPCL for Rs 36,915 crNew Delhi, Jan 20 (IANS) State-run Oil and Natural Gas Corporation Ltd (ONGC) will acquire the government's 51.11 per cent equity share-holding in Hindustan Petroleum Corporation Ltd (HPCL) at a consideration of Rs 36,915 crore. Through the single share sale, the Centre would be able to meet half of its disinvestment target of Rs 72,500 crore for 2017-18. "The Government of India has entered into an agreement with ONGC today (Saturday) for strategic sale of its 51.11 per cent equity share-holding in HPCL at a consideration of Rs 36,915 crore," a statement said.


https://in.finance.yahoo.com/news/republic-day-sales-e-commerce-115804690.html -- Republic Day sales on e-commerce platforms to kick off on January 21Sat, 20 Jan 2018 06:58:04 -0500

Republic Day sales on e-commerce platforms to kick off on January 21New Delhi, Jan 20 (IANS) All major e-commerce platforms like Amazon India and Flipkart are set to commence their sales from Sunday (January 21) offering various deals and huge discounts across various categories. While Amazon India will begin its "Great Indian Sale" on January 21-24 with over 160 million products across various categories -- including big brands -- at discounted prices, e-commerce giant Flipkart will also launch its three-day "Republic Day Sale" on January 21. Amazon, as usual, has offered 12-hours early access to its Prime members starting the sale from Saturday afternoon (January 20).


https://in.finance.yahoo.com/news/jlr-launches-range-rover-velar-114437525.html -- JLR Launches Range Rover Velar Starting At Rs 78.83 Lakh Sat, 20 Jan 2018 06:44:37 -0500

JLR Launches Range Rover Velar Starting At Rs 78.83 Lakh JLR India had opened the bookings for the Range Rover Velar in December last year.


https://in.finance.yahoo.com/news/ongc-buy-government-stake-hpcl-111125943.html -- ONGC To Acquire Government’s 51.1% In HPCL For Rs 36,915 CroreSat, 20 Jan 2018 06:11:25 -0500

ONGC To Acquire Government’s 51.1% In HPCL For Rs 36,915 CroreThe government meet half its divestment target through a single share sale


https://in.finance.yahoo.com/news/equities-highs-upbeat-q3-results-105604430.html -- Equities at new highs on upbeat Q3 results, GST rate-cutSat, 20 Jan 2018 05:56:04 -0500

Equities at new highs on upbeat Q3 results, GST rate-cutMumbai, Jan 20 (IANS) Upbeat quarterly corporate earnings along with influx of foreign funds and major decisions undertaken by the government during the week catapulted the key Indian equity indices -- ...


https://in.finance.yahoo.com/news/chief-justice-misra-led-supreme-104850598.html -- Chief Justice Misra-Led New Supreme Court Bench To Hear Judge Loya CaseSat, 20 Jan 2018 05:48:50 -0500

Chief Justice Misra-Led New Supreme Court Bench To Hear Judge Loya CaseJudge Loya case will be heard by a bench headed by Chief Justice of India Dipak Misra.


https://in.finance.yahoo.com/news/jlr-launches-range-rover-velar-103605103.html -- JLR launches Range Rover Velar in India starting at Rs 78.8 lakhSat, 20 Jan 2018 05:36:05 -0500

JLR launches Range Rover Velar in India starting at Rs 78.8 lakhNew Delhi, Jan 20 (IANS) Jaguar Land Rover India on Saturday launched its Range Rover Velar SUV in India with prices starting from Rs 78.83 lakh. The new edition is available in three powertrain options ...


https://in.finance.yahoo.com/news/south-africa-name-eskom-head-101351541.html -- South Africa to name new Eskom head within hours - eNCA TVSat, 20 Jan 2018 05:13:51 -0500

South Africa to name new Eskom head within hours - eNCA TVSouth African authorities are due to name a new executive chairman for troubled power utility Eskom within 24 hours, broadcaster eNCA television said on Saturday, adding that former finance minister Nhlanhla ...


https://in.finance.yahoo.com/news/oneplus-opens-first-authorised-offline-075604221.html -- OnePlus opens first authorised offline store in IndiaSat, 20 Jan 2018 02:56:04 -0500

OnePlus opens first authorised offline store in IndiaMumbai, Jan 20 (IANS) Chinese smartphone maker OnePlus on Saturday announced the launch of its first "OnePlus Authorised Store" in the country here. "The new 'OnePlus Authorised Store' is designed to complement our online first business strategy and also attract new users, while serving as a destination for our fast-growing community to experience and purchase OnePlus products," Vikas Agarwal, General Manager, OnePlus India, said in a statement. The company is offering a free "Bullet V2" earphone on the purchase of any OnePlus smartphone to early buyers who visit the "OnePlus Authorised Store".


https://in.finance.yahoo.com/news/f-secure-announces-top-leadership-064004572.html -- F-Secure announces top leadership change for Asia-Pacific marketSat, 20 Jan 2018 01:40:04 -0500

F-Secure announces top leadership change for Asia-Pacific marketNew Delhi, Jan 20 (IANS) Global cybersecurity company F-Secure said on Saturday that Amit Nath, Head of its Asia Pacific Corporate Business, will move to Helsinki to take up a global leadership role within the company. In line with its commitment to India, Malaysia, Australia-New Zealand and the rest of the Asia-Pacific market, the company's current Country Manager for Japan, Keith Martin, will take over as Head of its Asia Pacific Corporate Business, F-Secure said in a statement. In his new role, Nath will manage different aspects of sales execution related to customers, partners and internal sales for F-Secure's global sales organisation.


https://in.finance.yahoo.com/photos/budget-2018-farming-community-expect-slideshow-wp-061119991/ -- Budget 2018: What can the farming community expect?Sat, 20 Jan 2018 01:11:19 -0500

Budget 2018: What can the farming community expect?Despite a win again with a comfortable margin, the Gujarat assembly elections in December 2017 proved to be a wake-up call for the ruling BJP. BJP’s policies that haven’t done much to alleviate rural distress in the state is to be blamed for it. Not just Gujarat, farmers are seething in the rest of the nation as well because of mounting losses resulting from demonetisation, low selling price of their produce and few alternate employment opportunities to supplement their paltry income – all a result of the government’s alleged greater focus on the corporate sector.


https://in.finance.yahoo.com/news/simultaneous-polls-help-save-resources-060808660.html -- Simultaneous Polls Will Help Save Resources: PM Modi on Zee NewsSat, 20 Jan 2018 01:08:08 -0500

Simultaneous Polls Will Help Save Resources: PM Modi on Zee NewsIn his first interview of 2018, PM Modi talked about relations with Pakistan & China, Rohingya Muslims, GST & more.


https://in.finance.yahoo.com/photos/budget-2018-farming-community-expect-slideshow-wp-053212438/ -- Budget 2018: What can the farming community expect?Sat, 20 Jan 2018 00:32:12 -0500

Budget 2018: What can the farming community expect?Despite a win again with a comfortable margin, the Gujarat assembly elections in December 2017 proved to be a wake-up call for the ruling BJP. BJP’s policies that haven’t done much to alleviate rural distress in the state is to be blamed for it. Not just Gujarat, farmers are seething in the rest of the nation as well because of mounting losses resulting from demonetisation, low selling price of their produce and few alternate employment opportunities to supplement their paltry income – all a result of the government’s alleged greater focus on the corporate sector.


https://in.finance.yahoo.com/news/bqmutualfundshow-want-save-tax-best-043623500.html -- #BQMutualFundShow: Want To Save Tax The Best Possible Way? Fri, 19 Jan 2018 23:36:23 -0500

#BQMutualFundShow: Want To Save Tax The Best Possible Way? For everyone investing in Public Provident Fund, here’s the bad news.


https://in.finance.yahoo.com/news/china-draws-special-emission-curbs-033509347.html -- China draws up new 'special' emission curbs on industriesFri, 19 Jan 2018 22:35:09 -0500

China draws up new 'special' emission curbs on industriesChina will impose "special emissions restrictions" on enterprises in major industrial sectors in northern China later this year, as it bids to ensure its war on pollution continues once a tough winter anti-smog campaign ends in March. To meet politically crucial air quality targets last year, China forced 28 cities in northern China to cut concentrations of hazardous, breathable particles known as PM2.5 by 10-25 percent from October 2017-March 2018.


https://in.finance.yahoo.com/news/lloyd-bets-more-indians-seeking-032954571.html -- Lloyd’s Bets On More Indians Seeking Cover Against Loss From CalamitiesFri, 19 Jan 2018 22:29:54 -0500

Lloyd’s Bets On More Indians Seeking Cover Against Loss From CalamitiesLloyd’s prepares for April test in India.


https://in.finance.yahoo.com/news/twitter-notify-users-exposed-russian-031838811.html -- Twitter to notify users exposed to Russian propaganda during U.S. electionsFri, 19 Jan 2018 22:18:38 -0500

Twitter to notify users exposed to Russian propaganda during U.S. electionsThe company said it would email 677,775 people in the United States who followed, retweeted or liked content from accounts associated with the Internet Research Agency (IRA) during the election. The IRA is a Russian organization that according to lawmakers and researchers, employs hundreds of people to push pro-Kremlin content under phony social media accounts. Twitter added that because it has already suspended these accounts, the relevant content is no longer publicly available on its platform.


https://in.finance.yahoo.com/news/facing-investor-pressure-thyssenkrupp-pledges-030643688.html -- Facing investor pressure, Thyssenkrupp pledges to refine strategyFri, 19 Jan 2018 22:06:43 -0500

Facing investor pressure, Thyssenkrupp pledges to refine strategyFRANKFURT/BOCHUM, Germany (Reuters) - Thyssenkrupp will review its strategy after a planned tie-up with India's Tata Steel, its chief executive said on Friday, fuelling investor hopes for further steps to make the sprawling industrial group more focused. Frustrated shareholders, led by activist Cevian, have been putting pressure on Thyssenkrupp boss Heinrich Hiesinger, saying the company was too unwieldy and should be broken up further. Hiesinger, at the helm since 2011, has already cut the number of business units, slashed debt and embarked on a mission to transform Thyssenkrupp into a group focused on technology and less on the steel business for which it is famous.


https://in.finance.yahoo.com/news/possible-buffett-heir-abel-small-013141147.html -- Possible Buffett heir Abel has small Berkshire stake, likely to growFri, 19 Jan 2018 20:31:41 -0500

Possible Buffett heir Abel has small Berkshire stake, likely to growAbel, who along with Ajit Jain was named a Berkshire vice chairman and director last week, disclosed his stake a day after Jain reported a $109 million ownership stake. Abel, 55, who has run the Berkshire Hathaway Energy unit, was appointed vice chairman to oversee non-insurance operations such as the BNSF railroad, Dairy Queen ice cream, Fruit of the Loom underwear and NetJets planes.


https://in.finance.yahoo.com/news/adm-pursues-big-ag-merger-012437380.html -- ADM pursues big ag merger with grain trader Bunge - WSJFri, 19 Jan 2018 20:31:11 -0500

ADM pursues big ag merger with grain trader Bunge - WSJCHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co (ADM.N) has proposed a takeover of Bunge Ltd (BG.N), The Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with Swiss-based rival Glencore Plc (GLEN.L). Thin margins have squeezed core commodity trading operations, including those of ADM, Bunge, Cargill Inc and Louis Dreyfus Co. Together the four are known as the "ABCDs" and dominate the global grains trade.


https://in.finance.yahoo.com/news/trump-tout-u-economy-urge-004724224.html -- Trump to tout U.S. economy, urge fair trade at elite Davos forumFri, 19 Jan 2018 19:47:24 -0500

Trump to tout U.S. economy, urge fair trade at elite Davos forumU.S. President Donald Trump will be entering something of a lion's den when he visits the elitist enclave of Davos next week, rubbing shoulders with the same "globalists" that he campaigned against in winning the 2016 election. Aides said some of Trump's advisers had argued against him attending the World Economic Forum in order to steer clear of the event, which brings together political leaders, CEOs and top bankers. A senior administration official said Trump is expected to take a double-edged message to the forum in Switzerland, where he is to deliver a speech and meet some world leaders.


https://in.finance.yahoo.com/news/facebook-prioritise-trustworthy-news-based-003743365.html -- Facebook to prioritise 'trustworthy' news based on surveysFri, 19 Jan 2018 19:37:43 -0500

Facebook to prioritise 'trustworthy' news based on surveysFacebook Inc (FB.O) will prioritise "trustworthy" news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Mark Zuckerberg said on Friday. The company, which has more than 2 billion monthly users, said its members, not experts or Facebook executives, would determine how news outlets rank in terms of trustworthiness. It also said it would put an emphasis on local news sources.


https://in.finance.yahoo.com/news/archer-daniels-made-takeover-approach-212327125.html -- ADM pursues big ag merger with grain trader Bunge -WSJFri, 19 Jan 2018 18:56:30 -0500

ADM pursues big ag merger with grain trader Bunge -WSJCHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co (ADM.N) has proposed a takeover of Bunge Ltd (BG.N), the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc (GLEN.L). Glencore last year sought a tie-up with grains trader Bunge in what was viewed as start of a wave of consolidation in the industry.


https://in.finance.yahoo.com/news/trump-administration-says-u-mistakenly-232406731.html -- Trump administration says U.S. mistakenly backed China WTO accession in 2001Fri, 19 Jan 2018 18:24:06 -0500

Trump administration says U.S. mistakenly backed China WTO accession in 2001The United States mistakenly supported China's membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down on Chinese trade. "It seems clear that the United States erred in supporting China's entry into the WTO on terms that have proven to be ineffective in securing China's embrace of an open, market-orientated trade regime," the administration said in an annual report to Congress on China's compliance with WTO commitments.


https://in.finance.yahoo.com/news/twitter-notify-users-exposed-russian-231619041.html -- Twitter to notify users exposed to Russian propaganda during U.S. electionsFri, 19 Jan 2018 18:16:19 -0500

Twitter to notify users exposed to Russian propaganda during U.S. electionsThe company said it would be emailing notifications to 677,775 people in the United States who followed, retweeted or liked content from accounts associated with the Internet Research Agency (IRA) during the election. Twitter added that because it has already suspended these accounts, the relevant content is no longer publicly available on its platform. Twitter executives on Wednesday told U.S. lawmakers that it may notify the users on the Russian propaganda.


https://in.finance.yahoo.com/news/mcdonalds-joint-employment-trial-delayed-220159464.html -- McDonald's 'joint employment' trial delayed amid settlement talksFri, 19 Jan 2018 17:47:07 -0500

McDonald's 'joint employment' trial delayed amid settlement talksAdministrative Law Judge Lauren Esposito in Manhattan said that even though the trial is expected to wrap up as soon as next week, McDonald's, its franchisees, and the National Labor Relations Board's general counsel should have a chance to pursue a settlement. The office of General Counsel Peter Robb, appointed by President Donald Trump and took office in November, requested the stay on Wednesday.


https://in.finance.yahoo.com/news/facebook-prioritise-trustworthy-news-sources-210316572.html -- Facebook to prioritise 'trustworthy' news sourcesFri, 19 Jan 2018 17:41:01 -0500

Facebook to prioritise 'trustworthy' news sourcesFacebook Inc (FB.O) will begin to prioritise "trustworthy" news outlets on its stream of social media posts as it works to combat "sensationalism" and "misinformation," Chief Executive Mark Zuckerberg said on Friday. The company, which has more than 2 billion monthly users, said it will use surveys to determine rankings on how trustworthy news outlets are. It also said it would put an emphasis on local news sources.


https://in.finance.yahoo.com/news/u-ftc-set-second-request-201944722.html -- U.S. FTC makes second request on Broadcom's bid for QualcommFri, 19 Jan 2018 17:24:54 -0500

U.S. FTC makes second request on Broadcom's bid for QualcommAs part of its defence against Broadcom, Qualcomm has argued that any deal faces a long antitrust review. Broadcom said that it had anticipated the second request as a normal part of the regulatory approval process. "This signifies that Broadcom is moving into the next stage of the U.S. antitrust review process," Broadcom said in a statement.


https://in.finance.yahoo.com/news/canadas-hydro-quebec-unable-meet-221234321.html -- Canada's Hydro Quebec unable to meet demand from digital currency minersFri, 19 Jan 2018 17:12:34 -0500

Canada's Hydro Quebec unable to meet demand from digital currency minersCanada's largest utility, Hydro Quebec, is reviewing its commercial energy strategy after being inundated with demand from global digital currency miners rushing to the province to benefit from political stability and low energy prices. Hydro Quebec will not have the long-term capacity to meet all the anticipated demand, a company spokesman said, after the utility's potential mining projects more than doubled in a week to 70. Bitcoin mining consumes large quantities of energy because it uses computers to solve complex math puzzles to validate transactions in the cryptocurrency, which are written to the blockchain, or digital ledger.


https://in.finance.yahoo.com/news/wall-street-week-ahead-where-065406740.html -- Wall Street Week Ahead: Where Netflix goes, Big Tech may followFri, 19 Jan 2018 17:07:13 -0500

Wall Street Week Ahead: Where Netflix goes, Big Tech may followNetflix Inc's (NFLX.O) quarterly results on Monday may offer an advanced preview of whether Facebook Inc (FB.O), Amazon.com Inc (AMZN.O) and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering. Wall Street on Friday shrugged off a looming U.S. government shutdown and propelled the S&P 500 to a record high as investors focused on upcoming quarterly reports. Many of the largest companies - Microsoft Corp (MSFT.O), Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Amazon.com - have outperformed the broader market in the first 13 trading days of 2018, with investors betting strong earnings growth will justify tech valuations at their highest levels in a decade.


https://in.finance.yahoo.com/news/global-markets-asia-stocks-near-005918130.html -- Global Markets: World stocks rise as shutdown brews, bond yield at 3-1/2 year highFri, 19 Jan 2018 17:05:41 -0500

Global Markets: World stocks rise as shutdown brews, bond yield at 3-1/2 year highWorld equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued their ascent to hit their highest ...


https://in.finance.yahoo.com/news/trump-tout-u-economy-urge-194855091.html -- Trump to tout U.S. economy, urge fair trade at elite Davos forumFri, 19 Jan 2018 16:57:27 -0500

Trump to tout U.S. economy, urge fair trade at elite Davos forumU.S. President Donald Trump will be entering something of a lion's den when he visits the elitist enclave of Davos next week, rubbing shoulders with the same "globalists" that he campaigned against in winning the 2016 election. Aides said some of Trump's advisers had argued against him attending the World Economic Forum in order to steer clear of the event, which brings together political leaders, CEOs and top bankers. A senior administration official said Trump is expected to take a double-edged message to the forum in Switzerland, where he is to deliver a speech and meet some world leaders.


https://in.finance.yahoo.com/news/ex-ibm-employee-china-gets-215555073.html -- Ex-IBM employee from China gets five years prison for stealing codeFri, 19 Jan 2018 16:55:55 -0500

Ex-IBM employee from China gets five years prison for stealing codeA former software engineer for IBM in China was sentenced to five years in prison after he pleaded guilty to stealing proprietary source code from the company, prosecutors announced on Friday. Jiaqiang Xu, 32, was sentenced on Thursday by U.S. District Judge Kenneth Karas in White Plains, New York, according to a statement from the office of U.S. Attorney Geoffrey Berman. Xu pleaded guilty in May 2017 to economic espionage and theft of a trade secret.


https://in.finance.yahoo.com/news/judge-overseeing-t-time-warner-215413155.html -- Judge overseeing AT&T, Time Warner merger trial hears document disputeFri, 19 Jan 2018 16:54:13 -0500

Judge overseeing AT&T, Time Warner merger trial hears document disputeAT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video. Daniel Petrocelli, who represents AT&T and Time Warner, said that his team had been unable to get data requested from third parties, who had said they no longer had some of it.


https://in.finance.yahoo.com/news/oil-prices-drop-uptick-u-013036361.html -- Oil prices fall as rally falters on growing U.S. output concernsFri, 19 Jan 2018 16:49:57 -0500

Oil prices fall as rally falters on growing U.S. output concernsOil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging U.S. production concerns. Brent crude futures (LCOc1) fell 70 cents, or 1 percent, to settle at $68.61 a barrel after hitting a session low of $68.28. On a weekly basis, Brent settled 1.8 percent lower while WTI was down 1.5 percent.


https://in.finance.yahoo.com/news/general-electric-shares-drop-fifth-192113864.html -- GE shares stumble to worst week since financial crisisFri, 19 Jan 2018 16:28:28 -0500

GE shares stumble to worst week since financial crisisGeneral Electric (GE.N) shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week. New GE Chief Executive John Flannery also indicated the company was looking closely at breaking itself up. "The company has a more complicated issue than just making some changes to its business portfolio," said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York.


https://in.finance.yahoo.com/news/wall-street-set-rise-investors-140424109.html -- Wall Street ends higher despite government shutdown threatFri, 19 Jan 2018 16:27:36 -0500

Wall Street ends higher despite government shutdown threatWall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after ...


https://in.finance.yahoo.com/news/u-regulators-begun-streamline-volcker-182416711.html -- Fed's Quarles details steps to ease rules from Volcker to stress testsFri, 19 Jan 2018 16:04:58 -0500

Fed's Quarles details steps to ease rules from Volcker to stress testsA top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts. During a speech in Washington on Friday, Randal Quarles, the Fed's vice chair of supervision, outlined for the first time a comprehensive vision for how the Fed can go about easing rules introduced following the 2007-2009 financial crisis.


https://in.finance.yahoo.com/news/schlumberger-profit-beats-predicts-strong-141206278.html -- Schlumberger profit beats, sees stronger year for oil sectorFri, 19 Jan 2018 16:00:41 -0500

Schlumberger profit beats, sees stronger year for oil sectorSchlumberger (SLB.N) on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and gave an upbeat outlook, predicting its international operations would grow in 2018 for the first time in four years. Schlumberger, the largest energy company so far to report results, is a bellwether for oilfield services and drilling. Its forecast for broad improvements this year on higher oil prices signals a stronger recovery for producers and service companies.


https://in.finance.yahoo.com/news/feds-williams-citing-tailwinds-says-193353227.html -- Fed's Williams says three rate hikes 'good starting point'Fri, 19 Jan 2018 15:10:02 -0500

Fed's Williams says three rate hikes 'good starting point'The Federal Reserve should continue to raise rates at a gradual pace during 2018, San Francisco Federal Reserve Bank President John Williams said on Friday, saying he expects the recent tax cuts and other tailwinds to boost economic growth this year.


 


 
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