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GE Healthcare's Flannery named CEO of General Electric; Immelt to retire

Immelt's work did not pay off for investors, however. Immelt will stay on as chairman of the board until year's end. Further, the company announced that Jeff Bornstein , current CFO, has also been promoted to Vice Chair of GE. Magee says GE's underperforming stock prompted activist investors to push for change. Today, GE is a high-tech industrial company with a bright future. Read More »

Could Amazon's Whole Foods takeover happen here?


Mackey didn't give an indication of the "incredible" topics they covered, however, keeping a lid on their plans until the $13.7 billion deal is completed. According to Madeline Hurley, IBISWorld senior analyst, this acquisition means Amazon will be able to reach more consumers than ever before. One change coming after the Whole Foods deal closes, says Citigroup, will involve private label offerings . Read More »

Fed raises rate to 1-1.25%, hints at further hike

This rebalancing could give the Fed the excuse not to hike rates as it would provide additional tightening, Hermes chief economist Neil Williams. However, markets did not respond as expected to the Fed's hawkish stance, with the rand firming and USA treasuries weakening even as the Fed remains positive on a higher consumer inflation trajectory, which is not supported by actual data. Read More »

Ronaldo's header sinks hosts Russia — FIFA Confederations Cup


Experienced defender Tommy Smith said the team will fight for everything like they did against Russian Federation. "We lose, you lose, everyone loses". We are going to be fearless. Ronaldo proved the main threat throughout the first half as the hosts offered little going forward, and he tested Akinfeev with a 25th-minute free-kick before forcing the keeper to block with his legs seven minutes later. Read More »

Trump tweets support for banking bill


Walter Jones of North Carolina, voted against). While the political class and the media were entertaining themselves with the Comey Senate hearings, the House Republicans passed legislation that will gut the Obama-era Dodd-Frank Law that regulates the banking system in the United States. Read More »

De Villiers confident of leading South Africa in 2019 World Cup

Dhawan's 125-run knock against Sri Lanka came off 128 deliveries and had 15 boundaries and a six in it as it laid a flawless platform for India's total of 321 runs in the 50 overs. "There's always going be questions until we do get it right", he said. In what was effectively a quarterfinal tie, South Africa sank to a mediocre 191 all out on a benign pitch at the Oval, before India rushed home with 12 overs to spare. Read More »

After Georgia, Republicans celebrating, Democrats searching


But her frequent appearances on ballots in the Sixth District offered her an important name-identification advantage in the initial balloting in April. Mulvaney, who is a founding member of the far-right Freedom Caucasus of the Republican party, won by landslides in each of his elections . In short, Democrats have been outperforming their usual margins by upwards of 20 points, in some of their weakest regions in America: the Mountain West, the Great Plains and the South. Read More »

Scandal-Ridden Uber CEO Travis Kalanick Forced To Resign!


Travis Kalanick has resigned as chief executive of Uber , bringing an end to eight years at the head of the world's biggest ride-hailing company. Kalanick took an indefinite leave of absence earlier this month , in part to deal with a personal tragedy. Looming on top of all that is Uber's challenging business situation. Read More »

Trump Calls The Health Care Bill He's Been Praising 'Mean'

In May, a Kaiser health tracking poll found that most Americans view the proposed replacement of the Affordable Care Act unfavorably. As we sit here the ACHA has an approval rating that makes Donald Trump look popular. "Opening it to scrutiny before a vote would be the congressional equivalent of exposing a vampire to sunlight ". The senator said Trump didn't state many policy preferences but said people with pre-existing conditions should be protected and spoke about making tax ... Read More »

Trump returns to Iowa and unhappy independent voters

Republican Senator Ron Johnson of Wisconsin said he wanted to read the bill and discuss it with constituents before he votes. Key provisions of the Senate's ObamaCare repeal bill meant to curb abortion services are in serious danger of being dropped from the legislation, which could cost the bill votes from conservatives. Read More »

Chuck Schumer invites GOP to open talks on health care

The House bill would phase out the Medicaid expansion and the Obamacare subsidies that help people afford coverage. By contrast, the Affordable Care Act , which has been attacked for being rushed and overly partisan, was subject to six months of hearings before several committees after it was introduced, and was debated on the floor of the Senate for 25 straight days before it passed . Read More »

Democrat Defeat in Georgia Election a 'Major Disappointment — BBC Reporter

In Kansas, Republicans held onto the seat of Mike Pompeo, now the Central Intelligence Agency director, and they kept the Montana seat of Ryan Zinke, who became Trump's secretary of Interior. Trump's foreign policy is as "winning" as his domestic policy, with the Syria crisis as his latest failure. Thank you @FoxNews "Huge win for President Trump and GOP in Georgia Congressional Special Election". Read More »

Belmont Stakes Odds 2017: Betting Tips for Race

The race will not feature this year's Kentucky Derby and Preakness Stakes winners , Always Dreaming and Cloud Computing . There are 12 3-year-olds entered in the 11/2-mile Belmont with the lukewarm favorite being the Graham Motion-trained Irish War Cry , who is 7-2. Read More »

Donald Trump blames Obama inaction for Otto Warmbier's death

Otto Warmbier , the American college student who spent 17 months in detention in North Korea , died on June 19, 2017 in Cincinnati, Ohio, his family said in a statement. However, it said in a statement on its website yesterday that Mr Warmbier's death had "led us to reconsider our position on accepting American tourists". Read More »

May Struggles to Hang On as Election Plunges Britain Into Political Chaos


Labour leader Jeremy Corbyn , who was able to secure more seats for his party, demanded May's resignation stating that she lost "votes, support and confidence" of the people. The turnout is the highest proportion since the 1997 General Election , which saw 71.3 per cent of the electorate go to the polls. Corbyn's Labor Party lobbied against Brexit but has indicated it will honor the results of the United Kingdom referendum to leave the EU. Read More »

Uber CEO Travis Kalanick Steps Down Under Pressure

Being that the advised overhaul came from a man who once served as the country's chief law enforcement official, it's no surprise that Uber's investors were eager for change. Last week, Kalanick said he was taking a leave of absence for personal reasons, an announcement that came at a time when the company was dealing with a series of workplace scandals. Read More »

European Central Bank meeting in Tallinn: Interest rates unchanged


The bank also retained its asset purchases of Euro 60 billion a month till December 2017. The ECB now expects growth across the eurozone to be 1.9% in 2017 compared with its March forecast of 1.8%. It pays for the purchases with newly created money. It also confirmed that it would continue with its €60bn per month asset purchase programme until at least the end of 2017 - and maintained the pledge to expand it if conditions deteriorate. Read More »

Bayern insist Lewandowski is staying


The Polish striker, who has previously canvassed the idea of working with Jose Mourinho at Old Trafford , has claimed 110 goals in 147 games for the German side since arriving in 2014. 'That's what Lewandowski has been doing at Bayern so he's used to that. Bayern meanwhile will have a vacancy should Lewandowski leave, but have never shelled out more than £35m for a player in their history, an amount the Bavarians just dropped on midfielder Corentin Tolisso this summer. Read More »

SpiceJet hits over 2-decade high on Boeing deal

The 220-seat MAX 9 had largely been unable to score against the 236-seat A321neo, which had marred the otherwise highly successful 737 MAX sales campaign. Additional MAX 10 orders announced in Paris Tuesday included 20 for US aircraft lessor Aviation Capital Group, 15 for China Aircraft Leasing Group (CALC), 10 for Irish airline Ryanair , and 8 for Chinese airline Okay Airways. Read More »

Oil continues to dip despite compliance

The agency noted that oil inventories across the world's most industrial nations rose in April by 18.6 million barrels to 3.045 billion bbl. Oil refining companies make products such as petrol and diesel from crude oil brought from both India's exploration companies and global markets. Read More »

Embattled Uber CEO Kalanick steps down


Some of the positions that Uber has open include a chief operating officer and a chief financial officer - and now, obviously, CEO. Matters have reached a head in recent months with the criticism of surge charging during disasters and the widely posted blog post by Karen Miller talking about her experiences with the company. Read More »

Amazon acquires huge grocery store chain


The deal could be "transformative", Moody's lead retail analyst Charlie O'Shea said, "not just for food retail, but for retail in general". "It instantly makes them a serious brick and mortar player and perhaps sets the stage for even more brick and mortar presence". Read More »

Whole Foods CEO Says Amazon Connection Was 'Love at First Sight'

This in contrast to Amazon requiring a paid annual membership in Prime, which offers a similar shipping service. Mackey's excitement was met with applause from the crowd of Whole Foods employees. They have had the courage that nearly no other public company has had the courage to, basically, resist the drumbeat of short-term, quarterly earnings that have had us trapped here for a couple of years, as our same-store sales- came down. Read More »

Queen Elizabeth II outlines government program

This could mean they drop both of their original proposals to end the state pension triple lock from 2020 and to introduce means-testing to the universal winter fuel payment. There was also no mention of May's controversial promise to allow a parliamentary vote to repeal a ban on fox hunting, which angered left-wingers. "We urge the government to give a green light to both Crossrail 2 and Northern Powerhouse Rail as infrastructure projects crucial to the future success of United Kingdom plc, ... Read More »

Michigan Lt Governor: Alibaba is flawless platform for US SMEs


In Detroit, the Chinese e-commerce giant took that message to the smaller businesses that it sees as having potential for growth, even in the relatively small terrain of the U.S. Ma said the company's business strategy in the United States differs from that of Amazon or eBay . To reach a million jobs, two-thirds the size of Walmart's workforce, the article estimates US companies would have to export $245 billion in goods annually through Alibaba-$75 billion more than the total USA exports ... Read More »

US Federal Reserve hikes rates again as confidence in the economy grows

The Federal Reserve has raised its key inte. A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, June 15, 2017, in Tokyo. Despite the increase - the fourth since December 2015 - interest rates remain near historic lows, but the move will mean higher borrowing costs for consumers. Read More »

MSCI adds China-listed stocks to index in long awaited move


According to a major equity research agencies, the Indian bourses may witness potential foreign institutional investors (FIIs) cash outflow following MSCI's decision. When one considers that China-linked stocks already account for 27% of the index through those Hong Kong and New York-listed stocks, the Alibabas and ICBCs and the PetroChinas, it doesn't seem so significant. Read More »

The Police Dashcam Video Of Philando Castile's Fatal Shooting Has Been Released


New dashcam video of the police officer firing seven shots into Mr Castile's auto, in the Minneapolis suburb of Falcon Heights, has caused fresh outrage. "I told him to get his hand out". The video shows Yanez following Castile's vehicle, then pulling it over. "There are officers being killed in the United States in small communities and large communities", Marcou said. Read More »

Saudi king names son Mohammed bin Salman as crown prince

Prince Mohammed bin Nayef, who is King Salman's nephew, was widely praised for his role as Saudi Arabia's counter-terrorism chief and for suppressing an al-Qaida bombing campaign against the kingdom between 2003 and 2006. He has also been Saudi Arabia's interior minister - another job that will now be filled by Prince Mohammed bin Salman. Prince Mohammed bin Nayef, 57, has been removed from his role as head of domestic security, state media say. Read More »

South Korea to scrap building new nuclear power plants

According to the Brookings Institute, the plan "envisions limited warfare with an emphasis on preemptive strikes on strategic targets in North Korea and "decapitation raids" to exterminate North Korean leaders". Warmbier died in OH on Monday, days after being released by North Korea. The route to inflicting significant economic pain on Kim's government remains through China. Read More »

1 tropical storm churns in Gulf, 2nd disbands in Caribbean

There were also reports of voluntary evacuations from some coastal communities in Texas, including the Bolivar Peninsula in Galveston County, which is close to where the storm is expected to hit land. Ahead of the storm, Alabama's Gov. Already some flooding from outlying rain bands was reported on Alabama's Dauphin Island and flood control locks and gates were being closed along Louisiana's bayou-marbled coast as Cindy hovered almost stationary - still well offshore . Read More »

US Index Futures Signal More Stock Losses as Oil Woes in Focus


A drop in oil prices pulled USA stocks lower on Tuesday. The market was buoyed by gains from two sectors that aren't supposed to rise together-technology and financials. The move, which will begin next year, will likely cause big shifts of money into mainland Chinese stocks by mutual funds and other investors that track the index. Read More »