Business

US, UK curb electronics on planes from ME, N African airports

The measures took effect Tuesday morning, and in the US they cover about 50 incoming flights a day from the eight countries on the list - Jordan, Egypt, Turkey, Saudi Arabia, Kuwait, Morocco, Qatar and the United Arab Emirates. The change affects six British airlines, including British Airways and EasyJet, and eight foreign carriers. A spokeswoman said: Passengers travelling to the countries affected may wish to consider leaving their electronic devices at home, although this may be hard for ...

Business

Featured Stock to See: Lululemon Athletica Inc. (LULU)

Lululemon stock tumbled more than 22.5 percent to $51.31, its lowest level since December 2015, as multiple brokerages cut their price targets and ratings. In the last Quarter, Lululemon Athletica Inc . In reporting a first-quarter sales slowdown, Lululemon execs admit consumers are finding its latest offers a little drab.

Business

Russia Reaches 2/3 Of Oil Output Cut Target

ANZ said on Thursday that prices were supported by Libyan oil output falling to about 500,000 barrels per day (bpd) due to the shutdown of pipelines from its biggest field. Brent for May settlement was up $0.51 at $51.84/bbl on the Europe exchange, and traded at a $3.07/bbl premium to WTI. US gasoline stocks fell 3.7 million barrels in the week ending March 24, compared with expectations for a 1.9-million barrel drop , the Energy Information Administration (EIA) said on Wednesday.

Business

ConocoPhillips Attacks Debt With $13 Billion In Canadian Divestitures

The deal is the latest sale of energy assets in Canada by worldwide companies gravitating toward higher-profit drilling in USA shale basins. Conoco will retain operated stakes in the Surmont oil sands joint venture (50%) and Blueberry-Montney unconventional acreage (100%).

Business

Utilities vow to finish reactors despite Westinghouse woes

The filing for Chapter 11 protection from creditors will allow Pittsburgh-based Westinghouse, whose nuclear plant projects have been dogged by delays and cost overruns, to renegotiate or break its construction contracts, although the utilities that own the projects would likely seek damages.

Business

US Fed rate hike to have minimal impact on RBI policy

In their efforts to stop investors from shifting to U.S. markets that now offer much higher returns, the central bank of China recently raised their interbank interest rates just a few moments after the Federal Reserve's announcement. It will soon cost consumers more to swipe their credit cards. "They want to make sure they don't short-circuit the recovery", said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company.