With traders shrugging off lower guidance from software giant Microsoft (MSFT), stocks showed a substantial turnaround over the course of the trading session on Thursday. The major averages recovered from early weakness to end the day sharply higher. The major averages saw further upside going into the close, ending the session at their best levels of the day. The Dow […]

Foreign Direct Investment inflows to India declined $19 billion to $45 billion in 2021 but the country still remained among the top 10 global economies for FDI last year, the United Nations said on Thursday. According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report, flows of foreign direct investment recovered to pre-pandemic levels last year, […]

Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS […]

Kansas City, Missouri -based Paris Brothers, Inc. is recalling several specific cheese products citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves cheese products under Paris Brothers, Cottonwood River, D’amir, and other brands produced on May 4, 5, and 6. The affected cheeses include Cottonwood River Cheddar; D’amir Brie Double […]

Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday shareholder vote on whether to accept one of those buyout offers after a flurry of counter proposals from Frontier Airlines and JetBlue Airways. Spirit said Wednesday that it rescheduled the vote on its preferred offer, from Frontier, until June 30, giving its board another three weeks […]

The exemption of Trump-era tariffs on UK steel imports to the United States has come into force on Wednesday. The UK-US tariff dispute was resolved in March after the United States announced that it will replace Section 232 of the Trade Expansion Act on steel and aluminum from the United Kingdom with tariff-rate quotas. It will allow UK manufacturers to […]

International Business Machines Corp. has been ordered to pay $1.6 billion to BMC Software Inc. for fraud and contract violations in connection with mutual client AT&T Inc. U.S. District Judge Gray Miller made the final ruling in the case, which began five years ago in the US District Court, Southern District of Texas (Houston). The judgement followed a seven-day trial […]

EXCLUSIVE: UTA has signed award-winning filmmaker Amanda Micheli, the day before the world premiere of her latest documentary at the Tribeca Film Festival. Micheli, an Oscar and Emmy nominee, directed Halftime, a film that offers “an intimate peek behind the curtain revealing the grit and determination that makes Jennifer Lopez the icon she is, from her performances onscreen and on […]

Poor sleep can significantly increase the risk of life-threatening flare-ups in people with chronic obstructive pulmonary disease, or COPD, according to a new study supported by the National Institutes of Health. The study also revealed that poor sleep may induce more life-threatening flare-ups than even a person with a history of smoking. COPD is a progressive, incurable lung condition that […]