• Caterpillar Inc. (CAT) Receives $96.78 Average PT from Analysts

    Markets

    The analysts offering Earnings Estimates for the company were believing that Caterpillar Inc . Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, April 25th. The 52 week high is -2.60%, with 54.82% being its 52 week low. The company's market cap is $61.38 billion. Caterpillar also saw unusually large options trading activity on Thursday.
  • News Prodotto, Volkswagen considers selling Ducati

    News Prodotto, Volkswagen considers selling Ducati

    Markets

    Volkswagen AG is considering selling its Italian motorcycle brand Ducati as part of an asset review that started past year to examine options for non-core operations, according to people familiar with the matter. Harley Davidson, Suzuki, Honda and Kawasaki could also be interested. "It is an asset for trophy buyers with bigger interest in the brand than in the technology", one of the people said.
  • Canada braces for 'tough times' in USA lumber dispute

    Canada braces for 'tough times' in USA lumber dispute

    Markets

    The U.S. action is unwarranted and uses the arguments previously rejected by panels convened by North America Free Trade Agreement panels, West Fraser Timber Co. If those deals go through, that means 20 to 25 of the 58 farms dropped by Grassland Dairy will still need to find other buyers by Monday. One person in the room said Trump threatened that dairy could be next.
  • David Dao Boarding United Flight Before Being Dragged Off

    Markets

    Delta Airlines raised to $10,000 the amount it would pay passengers to voluntarily give up seats on overbooked flights. Airlines are legally allowed to overbook flights and bump passengers against their will, although there are federal rules that need to be followed.
  • United to compensate people on flight when man dragged off

    United to compensate people on flight when man dragged off

    Markets

    Munoz described the situation with Dao as a "system failure". The Transportation Department said it is investigating the incident to determine if United violated consumer-protection or civil-rights laws. The practice lets airlines keep fares low while managing the rate of no-shows on any particular route, said Vaughn Jennings, spokesman for Airlines for America, which represents most of the big US carriers.
  • Reliance Industries shares jump 3.5% post Q4 results

    Reliance Industries shares jump 3.5% post Q4 results

    Markets

    The conglomerate also reported substantial savings in interest costs, which came in at Rs 556 crore in the January-March period, versus Rs 842 crore in the corresponding period of previous year, on the back of the rupee appreciating vis-à-vis the US Dollar, which made the company's overseas borrowings cheaper in rupee terms.
  • Louis Vuitton group LVMH takes control of Christian Dior in £10bn deal

    Louis Vuitton group LVMH takes control of Christian Dior in £10bn deal

    Markets

    The transactions "will allow the simplification of the structures, long requested by the market, and the strengthening of LVMH's Fashion and Leather Goods division", Arnault said in a statement. LVMH will pay 260 euro per share and shareholders can choose to be paid in cash or to get Hermes shares in return. They said the full acquisition of Dior will also boost LVMH earnings from the first year, with the transaction expected to be complete during the second half of 2017.
  • Canadian jets intercept Russian bombers

    Canadian jets intercept Russian bombers

    Markets

    In both instances, the Russian aircraft entered the U.S. Air Defense Identification Zone, a virtual buffer surrounding U.S. air space that allows the military to identify planes potentially entering U.S. Russian military aircraft have never strayed into American territorial airspace. One was a maritime patrol by two IL-38s, which are not bombers. Miller said the activity this week is not unprecedented given that the peak of long range Russian bomber flights into the AZID occurred in 2014.
  • Trump's budget chief says money for border wall a must

    Trump's budget chief says money for border wall a must

    Markets

    Trump and his administration have repeatedly suggested scrapping Obamacare's annual $7 billion in insurance premium subsidies that go to low income people but Democrats have publicly been unmoved, confident that Trump again would be blamed for throwing the insurance market into turmoil.
  • International Monetary Fund members delete anti-protectionism pledge, keep currency commitments

    International Monetary Fund members delete anti-protectionism pledge, keep currency commitments

    Markets

    Mexican central bank chief Agustin Carstens, the IMFC chairman, said most countries have some trade restrictions and that protectionism was an "ambiguous" term. It's not clear if the U.S. is winning anyone over with its trade stance. And on Friday U.S. Treasury Secretary Steven Mnuchin repeated a call for the International Monetary Fund to police the currency markets and call out countries that undervalue their currencies to gain an unfair price advantage for their exporters.
  • The Daily Show Looks at Bill O'Reilly's Most Racist Moments

    The Daily Show Looks at Bill O'Reilly's Most Racist Moments

    Markets

    Steel and Michael S. Schmidt reported April 1 that Fox and O'Reilly had paid $13 million to silence women who accused the conservative host of sexual harassment. Fox even signed O'Reilly to a contract extension knowing that The New York Times was investigating harassment allegations against him — the story that led to O'Reilly's ouster.
  • Volkswagen to pay $2.8 billion in US diesel emission scandal

    Volkswagen to pay $2.8 billion in US diesel emission scandal

    Markets

    District Judge Sean Cox approved deal and fine - the largest ever levied by the US government against an automaker - negotiated by VW and the Justice Department during a Friday hearing in Detroit . Customs and Border Protection claims for customs fraud. The German automaker pleaded guilty in March to fraud, obstruction of justice and falsifying statements after admitting to installing secret software in 580,000 US vehicles.
  • Ontario, Canada brings in foreign housing tax to cool market

    Ontario, Canada brings in foreign housing tax to cool market

    Markets

    Kavcic expects Ontario's foreign-buyer tax will have less of an impact on the GTA market than BC's did on Metro Vancouver as the share of non-resident home purchases is lower here. - More flexibility for municipalities when it comes to using property tax tools to encourage development. Gordon has suggested the province could implement a progressive property surtax , which would be an annual surtax that only applies to homes appraised over a certain value.
  • Xi, Trump Pledge to Expand Mutually Beneficial Cooperation, Manage Differences

    Xi, Trump Pledge to Expand Mutually Beneficial Cooperation, Manage Differences

    Markets

    They then set off on a short sightseeing tour of Alaska's largest city. However, Xi apparently got something out of dinner. It's a two-way street, with Alaska's imports from China only lagging behind trade with neighboring Canada. "So I think all of us are feeling very good about the results of this summit in terms of what it did for setting a very constructive tone going forward".
  • How dangerous air bags can find their way into used cars

    Markets

    She said her organization wants to see the EPA do more to protect the East Chicago community. Pruitt, during his brief remarks, did not comment on any proposed cuts to the EPA but instead pledged his agency's support for East Chicago . Administrator Scott Pruitt will join IN leaders including Gov. Eric Holcomb IN East Chicago . There are proven, low-priced ways to capture methane instead of letting it pollute our air, and the last administration put in place standards to make sure we do ...
  • 'We're going to surprise you' with speed of tax reform

    'We're going to surprise you' with speed of tax reform

    Markets

    Mnuchin told the Financial Times this week the tax reform timeline is "highly aggressive to not realistic at this point", in referring to his prior comments on finishing tax reform by August. The main driver for that move, said strategists, was a weaker dollar and the pricing out of the bet that the U.S. Federal Reserve would raise interest rates three times this year.