Tata Sons says names N. Chandrasekaran as new chairman, to take charge from Feb 21
By Devidutta Tripathy and Sankalp Phartiyal | MUMBAI MUMBAI India's $100 billion salt-to-software conglomerate Tata Group on Thursday named veteran insider Natarajan Chandrasekaran as the new chairman of its holding company, three months after firing its former chair.Tata Sons, the holding company in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt pans, ousted Cyrus Mistry in October, sparking a bitter public spat.Chandrasekaran, 53, currently heads IT o..>> view originalWall St. opens lower on Trump's disappointing speech
U.S. stocks opened lower on Thursday after President-elect Donald Trump gave little clarity on his promises of boosting economic growth that had powered a record-breaking rally on Wall Street for two months.The Dow Jones Industrial Average .DJI was down 61.62 points, or 0.31 percent, at 19,892.66, the S&P 500 .SPX was lower 6.99 points, or 0.31 percent, at 2,268.33 and the Nasdaq Composite .IXIC was off 24.15 points, or 0.43 percent, at 5,539.50. (Reporting by Yashaswini Swamynathan in Beng..>> view originalSenate opens Obamacare repeal drive with overnight marathon
"This resolution will set the stage for true legislative relief from Obamacare that Americans have long demanded while ensuring a stable transition," Senate Budget Chairman Mike Enzi of Wyoming said, just after 1 a.m. "The Obamacare bridge is collapsing and we're sending in a rescue team."Kentucky Sen. Rand Paul, one of the most vocal GOP opponents of voting on a repeal bill before coming up with a replacement package, voted against the budget resolution and California Sen. Dianne Feinstein was ..>> view originalGerman Economic Growth at End of 2016 Probably Beat Forecast
German Economic Growth at End of 2016 Probably Beat Forecast by January 12, 2017, 4:05 AM EST January 12, 2017, 7:40 AM EST Germany’s economic expansion last quarter may have accelerated more than analysts predicted as 2016 growth climbed to the fastest pace in five years.Gross domestic product expanded about half a percent in the October-December period from the previous three months, when it grew 0.2 percent, according to the Federal Statistics Office...>> view originalUnited Retires Jumbo-Jet Icon Boeing 747 Ahead Of Time
United Airlines is speeding up the retirement of its Boeing 747 jumbo jets, moving its last flight from the end of 2018 to the last quarter of this year. President Scott Kirby dubbed it a “bittersweet milestone” as the 747s — fondly called the “Queen of the Skies” and have been part of the United fleet since its maiden flight between California and Hawaii in 1970 — once symbolized state-of-the-art travel in the air. End Of An Era “Today, there are more fuel-efficient, cost-effective and reliabl..>> view originalUS weekly jobless claims total 247000 vs 255000 estimate
Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 255,000 in the latest week. A Labor Department analyst said there were no special factors influencing last week's data and that only claims for Virginia had been estimated. The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 1,750 to 256,500 last week. The labor market is considered to be at or near full emp..>> view originalMnuchin will sell investments, quit boards, if confirmed for Treasury
Steven Mnuchin, a hedge fund manager and former Goldman Sachs executive, is President-elect Donald Trump's choice for Treasury secretary, a source told USA TODAY. Here is what we know about the 53-year-old. USA TODAY NETWORKFile photo taken in 2017 shows Steven Mnuchin, President-elect Trump's nominee for Treasury secretary, arriving at Trump Tower in New York City for meetings.(Photo: EDUARDO MUNOZ ALVAREZ, AFP/Getty Images)Steven Mnuchin plans to sell millions of dollars in investmen..>> view originalDelta Sees Unit Revenue Gains but Higher Fuel and Labor Costs Will Cut Margins
Delta Air Lines (DAL) said fourth-quarter net income fell due to a new pilot contract but current quarter unit revenue will be flat to up 2%, reversing a long negative trend. In the first-quarter, higher costs for fuel and labor will reduce operating ...>> view originalMassachusetts judge requires Exxon to hand over climate documents
BOSTON A Massachusetts judge has refused to excuse Exxon Mobil Corp from a request by the state's attorney general to hand over decades worth of documents on its views on climate change, state officials said on Wednesday.The decision by Massachusetts Superior Court Judge Heidi Brieger denying Exxon's request for an order exempting it from handing over the documents represents a legal victory for Attorney General Maura Healey, who is investigating the world's largest publicly traded oil company..>> view originalUS launches WTO complaint over Chinese aluminum subsidies
By David Lawder | WASHINGTON WASHINGTON The Obama administration on Thursday launched a new complaint against Chinese aluminum subsidies at the World Trade Organization, accusing Beijing of "artificially" expanding its global market share through cheap state-directed loans and subsidized energy.The complaint, which seeks consultations with Beijing over the matter, will likely add to rising trade tensions between the world's two largest economies as President-elect Donald Trump prepares to ta..>> view original
Tuesday, February 7, 2017
Tata Sons says names N. Chandrasekaran as new chairman, to take charge from Feb 21 and other top stories.
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