Economy

Johnson Publishing announces sale of Jet, Ebony magazines

The rapid growth of social media and digital outlets, however, has been a constant struggle for Johnson Publishing Company, as it has for many publishers. However, the company still owns the Fashion Fair Cosmetics business, which markets beauty products to African-American women. Johnson Publishing Company, originally founded in 1942 by John H.

Money laundering case: ED attaches Vijay Mallya's properties worth Rs 1411 crore

He also refuted ED's allegation that "proceeds from the loan made to Kingfisher Airlines by IDBI Bank were diverted or siphoned out" saying "Kingfisher Airlines have provided full details supported by copies of bank statements and swift copies showing that the funds were utilised only for legitimate business purposes".

7 automakers add 4.4M vehicles to Takata recall

Ford, Toyota and 11 other automakers also recalled passenger-side Takata airbag inflators in recent days as part of NHTSA's massive expansion of the Takata recall. Models from 2011 or older in high heat and humidity areas will get first priority, followed by 2008 and older models in Southern-tier states, then 2004 and older models in the rest of the country.

Asian shares rise as US dollar wallows

Unexpectedly sharp criticism from current BoJ board member Takehiko Sato on the bank's Negative Interest Rate Policy (NIRP) suggests strong discord will keep the central bank from fresh moves. The stock added 76 cents to $19.09. The stock rose $3.65 to $46.13. The euro dipped to US$1.1357 from US$1.1364 but was well up from the US$1.1154 reached Thursday.

Monsoon to be normal or excess this year: IMD

According to D Sivananda Pai, India's chief monsoon forecaster, the El Nino condition that prevailed during the past two years and brought drought to India, had weakened significantly by May-end. However, rain in July is likely to be 107 per cent of Long Period Average and 104 per cent of Long Period Average during August with a model error of plus minus nine per cent.

Sun rises for White Sox after epic collapse

Chicago wasted a 4-2 lead in the eighth after failing to protect a 5-2 seventh-inning advantage on Friday and a 7-1 ninth-inning margin on Saturday. Trailing by two, Lorenzo Cain brought the crowd to life with an opposite-field solo homer on a 3-2 pitch from Jones, a booming shot to make it 4-3.

Striking Verizon workers to return Wednesday; deal inked

It includes 1,300 new call center jobs, almost 11 percent in raises over four years and the first contract for Verizon wireless store workers. As part of the deal, Verizon also committed to hire 1,400 new employees, with the vast majority set to be based in call centers on the East Coast.

Verizon, unions reach deal in principle for 4-year contract

Labor Secretary Tom Perez announced Friday afternoon that a tentative agreement has been reached in the month old strike against Verizon. We're ready to come back to work. The National Labor Relations Board is trying to stop Verizon workers from certain striking tactics. "This tentative contract is an important step forward in helping to end this six-week strike and keeping good Verizon jobs in America", Stephenson said in a statement .

Power Grid March Quarter Profit Up Over 13% At Rs. 1599 Crore

For the full fiscal 2015-16, GAIL reported a net profit of Rs.2,299 crore on a turnover of Rs.51,614 crore. Revenue from estate and property development and animal feed segment in the January-March quarter was Rs. "The total impact of the above factors, which are non recurring in nature, is Rs 2,580 crore out of a total loss of Rs 3,587 crore", Rego said. He said GAIL imported 55 LNG cargoes, or 3.5 million mt, during financial year 2015-16 and is likely to import an equal number of cargoes ...

New home sales surge more than expected

Tuesday's report from the Commerce Department, which also showed a surge in new home prices to a record high, offered further evidence of a pick-up in economic growth that could allow the Federal Reserve to raise interest rates soon. For the first quarter, Knoxville home sales totaled 3,088, up 14.8 percent over first quarter 2015. New-home sales continued its roller coaster in April and is not only up from last month but is also up from past year.

4 things that need to happen at WWE Extreme Rules

You can check out that video below. The biggest fight card of the show is the revenge match between Roman Reigns and AJ Styles that will see the latter challenge the current World Heavyweight champion for the title. Seriously, has WWE done anything to make the US title or either of these wrestlers relevant? Tried and failed to look up the last time WWE held one of these, but it's at least something a bit unique for a match that's already been seen a bunch on television.

Android is core part of Google conference

Only the parts you need are sent to your phone on an as-needed basis. Meanwhile, Google plans to extend the reach of Android Pay further. It also will enable users to reply directly to notifications, something iPhones already allow. It plays music and can control smart home devices, like lights or the Nest thermostat. Daydream is a new virtual reality ecosystem that will be made available to all comers, duplicating a strategy that worked well for Google after it fell behind Apple ...

Earnings Estimates Report: Herbalife Ltd. (HLF)

Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (June 2016). Citing a favorable shift in foreign currency exchange rates, Herbalife raised its 2016 full-year earnings per share guidance to $4.40 to $4.75.

In Norway, search for 2 missing bodies after deadly crash

The medium-twin helicopter was flying from the Gullfaks B oil platform and was carrying a crew of two, as well as 11 passengers from Statoil ASA. Stephen Rennie, resident golf professional and manager at Brechin Golf Club where he was a member, told the Sunday Mail: "The whole club is shocked and saddened to hear the devastating news about Iain".

Upcoming Earnings Report: Herbalife Ltd. (NYSE:HLF)

For the first quarter of fiscal year 2016 (1QFY16), the company posted earnings and revenues that breezily went past estimates. Last year Herbalife posted adjusted earnings of $1.29 per share. The dispute boils down to whether there is legitimate demand for Herbalife's products by actual consumers, which is the FTC's test for a pyramid scheme.

Rory McIlroy feeling good ahead of title defence at Quail Hollow

Rory McIlroy's record at Quail Hollow is exceptional and his form figures read 1-MC-2-10-8-1. It's not that I don't think he's the most likely victor and by some distance, just that he's not quite at his best and at single figures I want to feel like he is.

RBA cuts official rate back to 1.75 per cent

Despite the rate cut of 25 basis points, which had been forecast by a number of analysts, HSBC still do not think this will be enough to get Australia's inflation back towards the RBA's target. The RBA reiterated the need for a lower currency to support activity in the economy, outlining in its statement: "These factors are all assisting the economy to make the necessary economic adjustments, though an appreciating exchange rate could complicate this".

Israel army kills Palestinian siblings in 'attack'

Palestinian medical sources confirmed that the Palestinian woman, who was killed by Israeli army fire, on Wednesday, did not carry an explosive belt as the army claimed, but was instead five months pregnant, and "her only fault was walking the wrong route and not understanding Hebrew".

Opponents of LGBT law deliver petitions

The bill addressing bathroom use by transgender people and limits government protections for LGBT citizens. That ruling centered around a Virginia case, but that fourth circuit court of appeals is over North Carolina, and will likely impact any challenges to HB2.

Louis renewable energy company SunEdison seeks bankruptcy protection

As a result of this process, we expect that SunEdison will be in an even better position over the long term to utilize our capabilities in the renewable energy sector in service of our customers, business partners, and employees. That was related to the failed acquisition of Utah-based Vivint Solar . It would have been SunEdison's biggest deal to date. The $2.2bn cash-and-stock deal fell through in March, after SunEdison failed to close on the acquisition.

FBI Probing Virus Behind Outage At MedStar Health Facilities

It was noted that they serve "hundreds of thousands" of patients in these hospitals and medical centers. An employee reportedly told The Washington Post that they couldn't get into any part of MedStar Health's computer system. "People view this, I think, as a form of terrorism and are attempting to extort money by attempting to infect them with this type of virus", observed Dr.

Boeing says it will cut more than 4500 jobs

The aircraft maker said it would cut jobs through retirement, resignation, voluntary buyouts and by not hiring employees for unfilled positions. Last year, Airbus had more orders than Boeing - 1,007 to 568 - but Airbus has not delivered as many planes as Boeing .

Vodafone Complaints Up With New Billing System

EE's main complaint drivers were related to faults, service and provision issues; Plusnet's main complaint drivers were related to fault, service and provision issues, and complaints handling. Ofcom's latest figures on broadband complaints show that Virgin and Sky saw below industry levels at the end of previous year. That is more than double the figure for the same period in 2014, at which point Vodafone was still the most complained about network.

Oil prices rebound on less than expected build in stocks

On Nymex, April gasoline shed 2.2 cents, or 1.5%, to $1.432 a gallon, while April heating oil added under a penny to $1.163 a gallon. Inventories at the logistics hub of Cushing, Oklahoma fell by 300,000 barrels to a total of 66 million barrels.

Britain looks to help steel plant in face of potential sale

A picture shows part of the Tata Steel steel plant at Port Talbot, south Wales, on March 30, 2016. The Indian company held a board meeting in Mumbai on Tuesday at which the decision was made to sell its United Kingdom steel operations. Unions have accused China of killing off British industry by "dumping" steel on the market at prices that can not be competed with. Chancellor George Osborne would be deeply hostile to any form of re-nationalisation, however temporary, just as he blocked state ...