• Existing US home fell in December as supplies at 17-year low
Existing US home fell in December as supplies at 17-year low

Single-family home sales were at a SAAR of 4.88 million - a 1.8 percentage point month-over-month decline and a 1.5 percentage point increase from December 2015. Americans retreated from purchasing homes in December, as the number of properties listed for sale sank to its lowest level since 1999. The median price had been $200,000 in December 2015.

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  • France's Safran launches US$9b offer for Zodiac Aerospace
France's Safran launches US$9b offer for Zodiac Aerospace

The merged group will have 92,000 employees and €21.2 billion in adjusted revenues. Zodiac has persistently vowed to stay independent but chief executive Olivier Zarrouati said last March it would be "receptive to any offer that is in the interests of the company".

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  • Dollar Traders Await Bank Rate Word
Dollar Traders Await Bank Rate Word

The bank also released its latest monetary policy report , which contained the bank's first updated forecasts and broad economic assessment since the November election victory by Trump, who will be sworn in Friday. The loonie reached on Tuesday a almost three-month high at C$1.3019, helped by recent data that showed a surge in jobs in December and...

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  • All eyes on Luxottica, Essilor merger
All eyes on Luxottica, Essilor merger

The merger is expected to boost operating profit by up to 600 million euros in the medium term, the companies said . It will also have a complex governance structure, with Del Vecchio and Essilor Chairman and CEO Hubert Sagnieres effectively sharing the driving seat, while the 16-strong board will have an even split of Essilor and Luxottica ...

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  • Bank of America, JPMorgan Beat Earnings Estimates, Split On Revenue
Bank of America, JPMorgan Beat Earnings Estimates, Split On Revenue

The banks net charge offs, which are a measure of costs for its bad debt, dropped from just over $1.1 billion to $880 million. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for strong sell. The earnings per share increased from 27 cents to 40 cents in the fourth quarter year-over-year. Bank of America provides...

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  • North Atlantic Treaty Organisation allies 'right to be alarmed' at Russian Federation
North Atlantic Treaty Organisation allies 'right to be alarmed' at Russian Federation

However, his comments stopped short of a full-throated endorsement of the Paris Agreement and he later said he expected the Trump administration to carry out a full review of existing USA funding towards global and climate change initiatives, such as the UN Green Climate Fund.

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  • President Obama Ends
President Obama Ends "Wet Foot, Dry Foot" Policy For Cubans

It was a more conservative approach to the previous policy that allowed Cuban refugees caught at see to become permanent residents within a year. President Barack Obama's surprise move to end a decades-policy allowing illegal Cuban immigrants to remain in the United States could put President-elect Donald Trump in a political bind, Politico repo...

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  • Retail Sales Rose in December
Retail Sales Rose in December

The report is partly backed by a Commerce Department report also showing sales increases in December, notably in auto buying and online shopping. For the year, retail sales were up 3.3 percent over 2015. The Commerce Department also reported improving retail sales on Friday, though those figures were helped by demand for autos - something exclude...

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  • Def Leppard returning to Sioux Falls
Def Leppard returning to Sioux Falls

The tour begins in Manchester, New Hampshire on April 8 and concludes June 25 in Indianapolis. Tickets will go on sale at the box office and at Ticketmaster.com on Friday, January 20th. Joining them will be Poison which, for the first time in five years, will include original members Bret Michaels, CC DeVille, Bobby Dall and Rikki Rockett.

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  • Oil drop stymies Dow's march to 20000; techs send Nasdaq to rec
Oil drop stymies Dow's march to 20000; techs send Nasdaq to rec

Wall Street was mixed In 1.20pm trading in NY, the Dow Jones Industrial Average slipped 0.2 percent, while, in 1.05pm trading, the Standard & Poor's 500 Index inched 0.1 percent lower. While the UK's FTSE 100 Index rose by 0.4%, the German DAX Index dipped by 0.3% and the French CAC 40 Index fell by 0.4%. A string of multi-billion dollar health...

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  • Valeant Pharmaceuticals sells 3 of its products to L'Oreal
Valeant Pharmaceuticals sells 3 of its products to L'Oreal

Finally, Piper Jaffray Companies set a $16.00 price objective on shares of Valeant Pharmaceuticals International and gave the company a "sell" rating in a research note on Wednesday, December 14th. Finally, J P Morgan Chase & Co restated a "neutral" rating on shares of Valeant Pharmaceuticals International in a report on Tuesday, October 25th.

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  • Detroit auto show reveal: Volkswagen Tiguan
Detroit auto show reveal: Volkswagen Tiguan

The soft-roader was unveiled during a private event held ahead of its public debut at the Detroit Auto Show. The 2018 Volkswagen Tiguan long-wheel-base. Every detail of the Tiguan has been thoughtfully engineered for our U.S. customers to maximise space and convenience, while retaining its performance, agility, and value.

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  • Trio steals $6M worth of jewelry in midtown heist
Trio steals $6M worth of jewelry in midtown heist

CCTV footage has emerged of the moment burglars used New Year's Eve celebrations as cover while they pulled off a $6m (£4.88m) jewellery heist. Three criminals used wrenches and hammers to smash their way into the Gregg Ruth outlet in NY during loud fireworks and celebrations on Sunday.

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  • Petroleum prices to remain unchanged is New Year gift, says Dar
Petroleum prices to remain unchanged is New Year gift, says Dar

The government has made a decision to maintain existing petroleum prices for the next fortnight. He said in order to maintain stability since April 2016, prices have been maintained despite fluctuation in global prices and the government has been absorbing the negative financial impact due to government's decisions for not passing increases to end ...

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  • MNF: Cowboys vs Lions Game Thread
MNF: Cowboys vs Lions Game Thread

Mickey Spagnola said, "So after the Cowboys lost the season opener at home, they've won 6 consecutive games at AT&T Stadium". Our algorithms project Elliott and Bryant in the top-five fantasy options at their positions for this week, and Prescott is still a surefire starter in the fantasy championships.

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  • US GDP growth revised up to 3.5% rate in third quarter
US GDP growth revised up to 3.5% rate in third quarter

There were some headwinds, however: a smaller increase in PCE, and an acceleration in imports, which counts as a subtraction to GDP. Last month, the ONS estimated that in Q3, UK GDP grew by 0.5%, where it was boosted by export growth, stronger consumer spending and an unexpected leap in business investment.

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  • Lockheed Bows To Trump, Will Cut F-35 Program Costs Significantly
Lockheed Bows To Trump, Will Cut F-35 Program Costs Significantly

Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet! Ms. Hewson also stated that she gave her personal commitment to the new president to drive down costs aggressively.

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  • Boy, 3, Out Shopping With Grandma Dies in Road Rage Shooting
Boy, 3, Out Shopping With Grandma Dies in Road Rage Shooting

It all began when the victim's grandmother was at a stop sign and a vehicle pulled up behind her and honked the horn. The city of Little Rock Arkansas and the Federal Bureau of Investigation doubled their initial $20,000 reward for information leading to the arrest of the attacker, who was still at large on Tuesday, according to NBC News .

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  • Judge grants sides final chance to settle VW emissions case
Judge grants sides final chance to settle VW emissions case

The company in June agreed to a settlement worth about $15 billion to address those 2.0-liter vehicles, including an offer to buy back all 475,000 cars. VW's payments could total as much as 2.1 billion Canadian dollars ($1.57 billion). U.S. District Judge Charles Breyer at a brief court hearing in San Francisco on Monday said he was optimistic a ...

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  • Omnicom, Publicis get DoJ subpoenas over video production practic
Omnicom, Publicis get DoJ subpoenas over video production practic

Omnicom said it had received the subpoena on Wednesday. Publicis did not disclose which subsidiary was subpoenaed and a representative for the company declined to provide any further information. Publicis shares were down 0.62% at €63.83 in Paris, while Omnicom shares were up 0.27% at $86.41 in NY. "Large marketers will continue to realize ...

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