Markets
Court orders regulators to study airline seat size
The judge rejected the FAA's argument that seat size was unimportant to getting off the plane in an emergency. Still, the FAA did claim that they had successfully performed emergency evacuation tests with the current seat dimensions. The FAA rebuked the effort, so Flyers Rights took its demands to court and won the right to move forward. The F.A.A. said in a statement that it was "studying the... [Full Article...]
Discovery announces $14.6 billion deal to buy Scripps Networks
SELL rating has been given by 1 analyst (s) and 1 analyst (s) given BUY rating to the stock. Scripps stock was trading at about $67 per share before the deal talks were reported in the press. TRADEMARK VIOLATION NOTICE: This report was first published by StockNewsTimes and is the sole property of of StockNewsTimes. Shares of Scripps Networks Interactive Inc., based in Knoxville, Tennessee, ... [Full Article...]
Snapdeal to send Flipkart's proposal to shareholders
TOI was the first to report in its July 28 edition that the merger was likely to be called off after prolonged talks failed to convince all shareholders to support the transaction and even one vote against the merger would scupper the deal. [Full Article...]
Eurozone unemployment falls to lowest since February 2009
Eurostat also revised down the May unemployment figure to 9.2 percent from the previously estimated 9.3 percent. "This is the lowest rate recorded in the euro area since February 2009", Eurostat said in a statement, when the European economy was still in the doldrums after the global financial crisis. [Full Article...]
Neymar storms out of training amid transfer talk
Thanks to video surfacing of the incident, we can see that Neymar was squaring up with Barcelona's newest transfer, ready to throw more than insults. He did so before Neymar was bought in 2013, he has done so alongside the Brazilian over the past few seasons, and he can do so again if the former Santos forward ends up moving this summer. [Full Article...]
HSBC beats estimates as it announces third share buyback
The bank also announced a further US$2 billion share buy back. Reported loan impairment charges and other credit risk provisions decreased by $1.7 billion, and reported operating expenses decreased by $2.2 billion. Adjusted profit before tax of $143 million was $39 million or 21 percent lower as revenue decreased, partly offset by a reduction in costs. HSBC has kept its dividend payout ratio... [Full Article...]
Flood wreaks havoc in Jajpur, Kendrapara
Howrah, Hooghly and West Midnapore districts were the worst affected by floods caused by heavy rains last week. There are seven multipurpose flood shelters of 2000 persons capacity each in Bari Block and five more similar shelters in Jajpur Block constructed by the Government of Odisha to house the people during flood and cyclone. [Full Article...]
Danbury plane crash injures three men
All three were taken to Danbury Hospital, but the victim with the most serious injuries has since been transferred to Westchester Hospital. The Cessna 172S crashed after taking off from Danbury Municipal Airport at 10:25 a.m, according to the Federal Aviation Administration . [Full Article...]