Business


Ford's global job cut unlikely to have major impact in India

Ford Motor Company (NYSE:F) is looking to cut up to 10% of its global workforce, according to reports, as the automaker combats sluggish USA sales growth and lower margins on its vehicles. Ford last month committed to cutting costs by $3 billion this year, despite that commodity prices are up by $1 billion. "The company's performance has been lagging, even during times when the US market was doing extremely well", said Sascha Gommel, a Frankfurt-based automotive analyst at Commerzbank.


American Eagle posts surprise rise in comparable sales

American Eagle posts surprise rise in comparable sales

Finally, Wunderlich reiterated a buy rating and issued a $22.00 price target on shares of American Eagle Outfitters in a report on Wednesday, January 11th. The business also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Friday, April 7th were issued a dividend of $0.125 per share.


European Union says Philippines declines new EU grants

European Union says Philippines declines new EU grants

More than 8,000 people have been killed in the Philippines since Duterte became president last June, with police claiming 30 percent of killings happened in self-defence during legitimate operations. "It is more of a reaction to criticism". He said Europe ranks fifth or sixth largest donor of official development assistance. The EU delegation in Manila said yesterday that the Philippine government informed it about its decision this week.


Oil prices fall amid slower demand and high USA output

Oil prices fall amid slower demand and high USA output

Gasoline demand rose to the highest since late March to over 9.2 million barrels a day, but still down 2.4% from the same period previous year, according to the data . "While OPEC is trying to cut production, Libyan output is at its highest level since October 2014 and US shale oil has added 800,000 barrels to the market", he said.



Analysts Anticipate Gap Inc (GPS) to Announce $0.29 EPS

Miles Capital Inc. increased its position in Gap by 2.9% in the fourth quarter. ILLEGAL ACTIVITY WARNING: "Hartford Investment Management Co". Ltd. now owns 36,632 shares of the apparel retailer's stock worth $815,000 after buying an additional 756 shares in the last quarter.



Watch Google's I/O keynote live here

This year, Google is expected to announce key changes in Android Pay, to make it more popular and also expand it more markets like India, where digital transaction has just begun peak after the demonization of high currency notes (Rs. Google is yet to confirm precisely when this update is going to be released for Android TV so it's unclear right now how long users will have to wait before they get Assistant and a brand new launcher on their smart TV.