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Markets

BB&T Corp. projected Thursday it would experience an overall $2.6 billion revenue loss if the USA economy were to go through a severe downturn during a 2½-year period ending March 31, 2019. "Today's results reaffirm that USA banks are strong and remain well positioned to continue playing their important role in accelerating economic growth", said ABA President and CEO Rob Nichols.
  • Captain Kane rescues England against Scotland

    Markets

    We know how good this England side are. "We got ourselves into decent positions, but could not finish". Griffiths, 26, had never previously scored for Scotland and his goals drew rich praise from manager Gordon Strachan after a result that kept Scotland in fourth place in the pool.
  • US beats Kiwis on opening day of America's Cup qualifiers

    US beats Kiwis on opening day of America's Cup qualifiers

    Markets

    Groupama Team France is led by Frenchman Franck Cammas. Land Rover Bar now face a race against the clock to get the boat repaired in time for more qualifiers on Sunday. "It's good for the mind, it's good for the maturation for the next days". "We're even more obsessed with this". It swapped out two of the workhorse grinders per race.
  • President Trump's job approval rating at 40% in MI

    President Trump's job approval rating at 40% in MI

    Markets

    Sixty-five percent of New Yorkers have an unfavorable view of the Republican president, off four points from the last poll a month ago, according to Siena College. Almost nine in ten voters (88 percent) voters who supported Trump in 2016 said they approved of his performance, including 47 percent who strongly approved.
  • Egypt blocks 21 websites, including Al Jazeera

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    Qatar's Foreign Minister said early Wednesday that he did not make any statement regarding withdrawal or eviction of five Arab ambassadors from Doha , Al Arabiya News Channel has reported. Egypt, the UAE and Bahrain should reconsider their antagonistic stance against Qatar. Al Jazeera says it is an independent news service giving a voice to everyone in the region.
  • EU's Moscovici confident Eurogroup will reach deal on Greece

    EU's Moscovici confident Eurogroup will reach deal on Greece

    Markets

    Prime minister Alexis Tsipras is redoubling his push to reduce his country's debt burden after the economy fell back into recession unexpectedly at the start of the year. That contrasts with guarded comments by Finance Minister Wolfgang Schaeuble, a Christian Democrat, who said euro-area finance ministers were discussing the matter on Monday in Brussels.
  • AT&T workers prepare for a three-day strike

    Markets

    In March, about 17,000 AT&T wireline workers in California and Nevada went on strike. "Dallas-based AT&T says it has a contingency workforce" ready in preparation for the walkouts. "This is the largest walkout in the USA since Verizon workers went on strike past year". AT&T worker Nicole Popis told People's World that she and her coworkers were ready to do "whatever it takes" to get a fair contract.
  • SolarCity CEO Lyndon Rive to leave Tesla

    SolarCity CEO Lyndon Rive to leave Tesla

    Markets

    Rive, the former CEO of SolarCity , told Reuters on Monday that he wants to start a new company and spend more time with his family. Since previous year, SolarCity's former CEO had been serving as head of sales and service for Tesla's energy division.
  • Comac C919 takes off for maiden flight in China

    Markets

    The plane took off at around 2 p.m. The flight lasted about 80 minutes. It was built by state-owned Commercial Aircraft Corp. of China or Comac. The twin-engine C919, whose name sounds like the Chinese word for "everlasting", can seat 168 passengers in an arrangement similar to other narrow-body jets: three white-velvet upholstered seats line each side of its central aisle.
  • Energy chief says hole has been filled at nuclear waste site

    Markets

    Workers have most of the road in place to get heavy equipment to the collapsed tunnels site. The Hanford facility has some 9,000 employees, most of whom were told to stay home on Wednesday, Henderson said. Tuesday's collapse is the latest incident to raise safety concerns at the sprawling site that made plutonium for nuclear bombs for decades after World War II.
  • Northwell CEO derides Obamacare replacement bill as a 'charade'

    Markets

    According to the Washington Post , the few Republican lawmakers who are courageous enough to go out and face angry voters in their districts were given advice on how to present the American Health Care Act, which was recently passed in the GOP-led House of Representatives.
  • SoftBank's profit zooms on Sprint turnaround, Alibaba

    SoftBank's profit zooms on Sprint turnaround, Alibaba

    Markets

    Stocks for both companies rose in response to the news "as investors bet a deal may finally happen under the Trump administration's looser regulatory climate", reported Bloomberg . Mr. Son also said he would explore possibilities other than a combination with T-Mobile: "We're basically open to anything". If Sprint builds out the mid-band spectrum as promised, and T-Mobile follows through on its plan to use low-band 600MHz spectrum, combining the two would make a killer 5G network .