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Business

As a result of slapdash practices, ten customers were able to deposit large sums of money earned through criminal activity without having the source of the funds sufficiently checked by the bookie. "This was a systemic failing at William Hill which went on for almost two years and today's penalty package - which could exceed £6.2m - reflects the seriousness of the breaches", the commission said in a statement.
  • Chandrababu Naidu to visit Hyderabad on Feb 28

    Chandrababu Naidu to visit Hyderabad on Feb 28

    Business

    The chief minister said interests of the state are of paramount importance to him. "The Centre did nothing for us in the last four years". Sources say that the meeting will take place before 24 February as chief minister and his entire cabinet will get busy with the partnership summit to be held in Visakhapatnam.
  • Tesla cloud account hacked to mine cryptocurrency

    Tesla cloud account hacked to mine cryptocurrency

    Business

    Researchers from the RedLock Cloud Security Intelligence (CSI) team discovered that cryptocurrency mining scripts, used for cryptojacking - the unauthorized use of computing power to mine cryptocurrency - were operating on Tesla's unsecured Kubernetes instances, which allowed the attackers to steal the Tesla AWS compute resources to line their own pockets.
  • Trump now weighing options for global steel tariff; Canada will watch closely

    Trump now weighing options for global steel tariff; Canada will watch closely

    Business

    The announcement by Beijing's Ministry of Commerce of a probe into imports of United States sorghum ratchets up the tit-for-tat trade conflict between the world's two largest economies. The Commerce Department's aluminum and steel reports were welcomed by Schumer, who has repeatedly urged the agency to take action against imports. " Domestic steel mills use a production process that is unable to produce the steel necessary to make tires", she said.
  • Crude oil futures slip 0.42 pc on profit-booking

    Crude oil futures slip 0.42 pc on profit-booking

    Business

    According to traders, the higher prices of American oil are due to the reduced capacity of the Canadian oil pipeline Keystone at the end of a year ago due to a leak. Threatening to undermine the Opec-led effort to tighten markets is soaring production in the United States, which is not participating in the pact to cut.
  • Plans unveiled for world's tallest wooden skyscraper by 2041

    Plans unveiled for world's tallest wooden skyscraper by 2041

    Business

    The rest will comprise 185,000 cubic metres of timber. The building would use a " braced tube structure " with columns and beams made from steel and timber, supplemented by additional diagonal steel braces. Sumitomo Forestry , the lumber arm of one of Japan's largest corporations, is proposing the 70-storey hybrid timber skyscraper to mark the company's 350th anniversary in 2041.
  • Home Depot earnings, sales top Wall Street expectations as traffic spikes

    Home Depot earnings, sales top Wall Street expectations as traffic spikes

    Business

    The stock decreased 0.54% or $0.05 during the last trading session, reaching $9.21. On 9/7/2017 Matt Carey, EVP, sold 32,000 with an average share price of $157.10 per share and the total transaction amounting to $5,027,200.00. Wagner Bowman Management Corp has 0.42% invested in The Home Depot , Inc. (NYSE:HD) has returns on equity of 238.90%, which is measuring a corporation's profitability by revealing how much profit generates by HD with the shareholders' money.
  • Independence Realty Trust reports 4Q results

    Business

    The stock decreased 3.08% or $3.25 during the last trading session, reaching $102.2. The institutional investor held 241,276 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.78 million, up from 192,413 at the end of the previous reported quarter.
  • Shoaib Akhtar Starts New Innings As Pakistan Cricket Board's Brand Ambassador

    Shoaib Akhtar Starts New Innings As Pakistan Cricket Board's Brand Ambassador

    Business

    Afridi has always been vocal about using cricket as the bridge to fill the void between the two countries. "I hope the tournament becomes more successful". The 2018 edition is set to be the biggest yet with six teams in contention following the addition of Multan Sultans. Pakistani heartthrobs Ali Zafar and Shahzad Roy will also be entertaining fans at the event.
  • Enable Midstream Partners LP (NYSE:ENBL) to Issue Quarterly Dividend of $0.32

    Business

    The stock increased 0.97% or $0.54 during the last trading session, reaching $56.1. About 587,792 shares traded. It has outperformed by 10.26% the S&P500. Newfocus Financial Gru Ltd Liability holds 45,426 shares. Bnp Paribas Arbitrage Sa reported 5,242 shares or 0% of all its holdings. Stifel Nicolaus maintained CSX Corporation (NASDAQ:CSX) rating on Tuesday, October 17.
  • Rite Aid Shares Given Boost as Albertsons Eyes Chain

    Rite Aid Shares Given Boost as Albertsons Eyes Chain

    Business

    Under the terms of the agreement, in exchange for every 10 shares of Rite Aid common stock, Rite Aid shareholders will have the right to elect to receive either one share of Albertsons common stock plus approximately $1.83 in cash or 1.079 shares of Albertsons stock.
  • Bitcoin rises as South Korea regulator shows support for trading

    Bitcoin rises as South Korea regulator shows support for trading

    Business

    With a market cap in the hundreds of billions, the influence of cryptocurrency is impossible to ignore. The platform now offers trades in Bitcoin, Litecoin, and Ethereum , which are the top digital currencies in the world. Moreover, predictions of sustainable growth in bitcoin prices from key analysts have been adding to bullish sentiments. This is fantastic news for the cryptocurrency , and shows just how tough it can be.
  • Lucky Charms Debuts New

    Lucky Charms Debuts New "Magical Unicorn" Marshmallow

    Business

    The new marshmallow reveal follows news that Lucky Charms is pulling the hourglass marshmallow from the mix. Unicorns have been a particularly trendy symbol in the culinary space over the previous year. Kids weren't the only ones excited about the addition, though. No time was given as to when the new marshmallow would make its debut. And while Lucky Charms have been increasingly popular with adults in recent years, it was ultimately the suggestions of children that stood out.
  • Gas prices dropping around the state

    Gas prices dropping around the state

    Business

    Last week, reports show the average price fell again, this time by five cents to $2.24 a gallon. As of today, Virginia has dropped four cents on the week. "Dead ahead on the calendar is turnaround season at the nation's refiners, which promises at least some short-term pain for long-term gain", said Patrick DeHaan, head of petroleum analysis for GasBuddy, a fuel-tracking website.
  • Wal-Mart's Q4 Should Benefit From Strong Holiday Sales

    Business

    Sumitomo Mitsui Trust Holdings Inc who had been investing in Teleflex Inc for a number of months, seems to be bullish on the $12.17 billion market cap company. Since August 21, 2017, it had 0 insider purchases, and 12 insider sales for $1.37 billion activity. In related news, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction on Monday, December 11th.
  • Renault Zoe EV revealed - Most powerful Zoe yet!

    Renault Zoe EV revealed - Most powerful Zoe yet!

    Business

    Top of the list is a new electric motor, an electric motor which is the same size as in the current Zoe but increases in power from 91bhp to 107bhp. The pack combines the purple exterior with a violet satin finish for the interior trim. Android Auto also makes its way to the R-Link Evolution infotainment system.
  • HSBC Misses Profit Target as Bad Loan Charges Weigh on Results

    HSBC Misses Profit Target as Bad Loan Charges Weigh on Results

    Business

    It was Mr Gulliver's last set of results before handing the reins to John Flint, an HSBC veteran who needs to maintain momentum as the bank tries to put years of restructuring and scandal behind it. Mr Flint, HSBC's chief executive designate, said: "These results and the achievements of the last couple of years give us a great platform to build on".
  • Indian billionaire jeweller denies involvement in $1.8 billion bank fraud case

    Indian billionaire jeweller denies involvement in $1.8 billion bank fraud case

    Business

    The ED and the Income Tax department have zeroed in on about 200 dummy or shell companies in India and overseas that were being used to route or receive funds as part of the alleged fraud. They even ironically mentioned that the bank has saved over Rs 45 crore. Nirav Modi reportedly wrote in a letter that his companies owe the bank under 50 billion rupees ($775.25 million) - much lower than the amount pegged by the bank.
  • Elon Musk Gets Hyperloop Digging Permit in DC

    Elon Musk Gets Hyperloop Digging Permit in DC

    Business

    The state has issued a conditional utility permit for the project, allowing the firm to dig a 10.3 mile tunnel under part of the Baltimore-Washington Parkway, according to LA Times . Robots are the next step in using technology to explore sexuality. Hyperloop is a proposed method of travel that would transport people at roughly 700mph between distant locations.
  • Volkswagen ID Vizzion electric concept set for Geneva premiere

    Volkswagen ID Vizzion electric concept set for Geneva premiere

    Business

    The power is sent to all four wheels and the I.D. Vizzion concept has a top speed of 112 miles per hour. VW has even dreamt up a virtual host which passengers can communicate with using voice and gesture control. The system power of the 5.11 meter long I.D. Volkswagen has detailed some of the powertrain specifications underpinning the I.D. Vizzion too. In profile, the I.D.
  • Don't fall for this tax scam

    Don't fall for this tax scam

    Business

    Using the stolen data of potential victims, scammers file fraudulent tax returns using victim's real bank account. Reynolds says Delawareans should know the IRS never calls taxpayers by phone. "Identity theft is rising in the country too". They'll tell you to put money into a random account that has no connection to the IRS. Taxpayers who need to return a legitimate erroneous refund should follow this official IRS guide .
  • After running out of chicken

    After running out of chicken

    Business

    If you typed those famous three letters into social media, it showed people were very , very pissed off. One joked that KFC running out of chicken was probably "the end of the world". "We won't compromises on quality so no deliveries has meant some of our restaurants are closed, and others are operating a limited menu, or shortened hours".
  • Soon, travel from Mumbai to Pune in 25 minutes

    Soon, travel from Mumbai to Pune in 25 minutes

    Business

    It has already identified few routs and planned the development. Putting across several initiatives that his government has taken on the policy intervention and governance level, the Prime Minister spoke of India entering the 5 trillion dollar economy soon and about the state of Maharashtra that has started talking about entering the trillion dollar economy club.
  • PNB fraud: net widened; Modi, Choksi passports suspended

    PNB fraud: net widened; Modi, Choksi passports suspended

    Business

    The two were suspected to have left India in early January, well before the irregularities were discovered. Gokulnath Shetty, retired deputy manager of the bank, and Manoj Kharat, the single window operator, were arrested by the Central Bureau of Investigation (CBI) on Saturday along with Hemant Bhatt, the authorised signatory of the Nirav Modi Group.
  • Advisor Group Inc. Boosts Position in Cisco Systems, Inc. (CSCO)

    Advisor Group Inc. Boosts Position in Cisco Systems, Inc. (CSCO)

    Business

    It has underperformed by 3.50% the S&P500. Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. Cleararc Cap Incorporated holds 0.21% or 3,189 shares in its portfolio. (NYSE:BLK). Nelson Roberts holds 0.02% or 135 shares in its portfolio. Partnervest Advisory Ltd Liability Co has invested 0.28% of its portfolio in Cisco Systems, Inc.
  • Renault green-lights Ghosn for 4 more years, picks No. 2

    Renault green-lights Ghosn for 4 more years, picks No. 2

    Business

    Carlos Ghosn which will be put before the general assembly of shareholders on June 15", the company said in a statement. Ghosn agreed to cut his salary by about 30 percent, Renault confirmed, securing government support. Renault now holds 43.4 percent of Nissan, which in turn controls Mitsubishi Motors via a 34 percent stake. His new mandate reflects the priorities of France, which owns a 15 percent stake.
  • Pilot Forced To Land Plane After Passenger Refuses To Stop Passing Gas

    Pilot Forced To Land Plane After Passenger Refuses To Stop Passing Gas

    Business

    A low-priced Dutch airliner flying from Dubai to Amsterdam had to be diverted and was forced to make an emergency landing in Vienna after a fight between passengers broke out in mid-air. A police spokesman confirmed that the incident centred around a passenger suffering from wind who was not attempting to restrain himself, which offended two Dutch men on the flight.
  • José Mourinho

    José Mourinho "doesn't care" how long Paul Pogba is out for

    Business

    Reports had claimed the France global was keen to leave Old Trafford - something Mourinho furiously denied - and United's scouring of the market for a new midfielder added to concerns that Pogba was on the move. 'He came to us in pre-season and then we realised that with Andreas Pereira going to Valencia, we decided not to buy another player because we had Scott McTominay ready to step up.
  • Sacred Tibetan monastery catches fire

    Sacred Tibetan monastery catches fire

    Business

    The extent of the damage to the site, which has more than 1,300 years of history, remains unclear. Firefighters doused the fire and the relics are intact, state-run China Daily reported, without providing details. The Tibetan New Year was celebrated last Friday, coinciding with the Spring Festival this year. Images posted on social media of the blaze showed the eaved roof of a section of the building lit with roaring yellow flames and emitting a haze of smoke.
  • Walt Disney Co (DIS) Shares Sold by Pictet & Cie Europe SA

    Business

    Stock has got OUTPERFORM rating from 7 analyst (s) whereas last month 7 analyst (s) have given outperform rating. The insider of Pier 1 Imports Incde, Towle & Co is in the stock market news today. (NASDAQ:PTC) has risen 57.23% since February 17, 2017 and is uptrending. It has underperformed by 5.63% the S&P500. Among 34 analysts covering Suntrust Banks Inc.
  • Moneysupermarket.Com Group (LON:MONY) Stock Rating Reaffirmed by Peel Hunt

    Business

    BNP Paribas maintained the shares of SGRO in report on Monday, October 3 with "Neutral" rating. Liberum Capital maintained the shares of NEX in report on Friday, June 9 with "Buy" rating. It now has negative earnings. The firm also supplies water-coolers and bottled water; engages in the wholesale of soft drinks to the licensed trade; and offers financing services.
  • High Court rules Public Protector's remedial action 'unlawful'

    High Court rules Public Protector's remedial action 'unlawful'

    Business

    The judge said Mkhwebane clearly made findings and conclusions in her report and subsequent remedial action, which by no means could be regarded as mere recommendations. "She failed to disclose in the report that she had a meeting with the Presidency". A full bench of judges ordered Mkhwebane to pay 15% of the SARB's costs in her personal capacity.
  • Tops owners preparing to file for bankruptcy protection, Bloomberg reports

    Tops owners preparing to file for bankruptcy protection, Bloomberg reports

    Business

    Both bankruptcies would be "a sign of the mounting pressures in the grocery industry", according to Bloomberg . The moves threaten to force older chains to either consolidate or revamp their operations. And the industry's intense competition made it hard to offset the burden by raising prices. Since then, the Trump administration has contemplated even more reductions.
  • BJP links Singhvi to Nirav Modi, Congress leader threatens to sue Nirmala

    BJP links Singhvi to Nirav Modi, Congress leader threatens to sue Nirmala

    Business

    The police also arrested a third person, Hemant Bhat, whom the source described as the "authorised signatory" of the companies tied to Nirav Modi . "The outstanding exposure involved in the transactions is approximately $411.82 million and the bank is fully confident to receive the payment from the PNB", UCO Bank said in a regulatory filing.
  • Winter Olympics: Ester Ledecka - the snowboarder who won gold on borrowed skis

    Winter Olympics: Ester Ledecka - the snowboarder who won gold on borrowed skis

    Business

    World champion Alpine skier Lindsey Vonn responded to trolls on Twitter who blasted her after she failed to medal during the women's Super-G in Pyeongchang. But this was to reckon without Ledecka, wearing bib No 26, who leapfrogged everybody with a run for posterity, despite treating this race as a merely a novelty, using skis loaned by giant slalom gold medallist Mikaela Shiffrin .
  • Swiss freestyle skier Hoefflin wins women's slopestyle at PyeongChang Olympics

    Swiss freestyle skier Hoefflin wins women's slopestyle at PyeongChang Olympics

    Business

    Compatriot Mathilde Gremaud won silver , while Britain's Isabel Atkin took the bronze in a final that had confounded many pre-competition predictions. My heart was racing. "It's the Olympics. You gotta send it and leave nothing on the table and be happy with it, so that's what I am", she said. 'I can not put it in words, it's just incredible and awesome, you just have to be there, otherwise you're not a real athlete, ' news.at reported.
  • American Airlines agent saves 2 teenage girls from human trafficking scheme

    American Airlines agent saves 2 teenage girls from human trafficking scheme

    Business

    The vigilant employee began to think something was seriously wrong when she noticed that the tickets, both first class, were purchased online with a credit card under a name that did not match what either of the teens had provided. "That's typically the ruse that's being used to get minors and others involved to do that", he added. "In my opinion, what was going to happen was they were going to go back to NY and become victims of sex trafficking".
  • SEC denies Chicago Stock Exchange sale to China-based investors

    SEC denies Chicago Stock Exchange sale to China-based investors

    Business

    The deal had been recommended for approval by the S.E.C. staff, but was delayed by the chairman, Jay Clayton, a Republican and a Trump appointee. Manchin added in his statement at the time that Chinese currency manipulation could negatively influence US markets if the deal was approved.
  • Uber sets up helpline and pledges immediate police reports

    Uber sets up helpline and pledges immediate police reports

    Business

    It will now start reporting serious incidents directly to the police, after being criticised for leaving the reporting to victims . The San Francisco-based ride sharing service on Friday said that it was launching a 24/7 telephone support service, accessible to both customers and drivers, to report issues around incorrect cancellation fees and other disputes.
  • Dog food withdrawn from stores after euthanasia drug found in food

    Dog food withdrawn from stores after euthanasia drug found in food

    Business

    Smucker's memo claims that the amount detected was "extremely low" and did not pose a risk to pets, however, its presence was "not acceptable". The move follows a report by a Washington, D.C., television stationthat worked with an independent lab to test 62 samples of wet dog food from more than 24 brands numerous times.