Business

Decision Striking Down Registration Rule Reopens Drone Debate

Decision Striking Down Registration Rule Reopens Drone Debate

Many other things could change as well: I wouldn't be surprised if there was an adjustment to the minimum mass of a drones that the FAA decides to care about, and it's entirely possible that there could be a registration exemption for people who fly with community groups in designated areas, which could potentially satisfy model aircraft hobbyists as well.



Ford Motor Co. to slash global workforce by 10%

Ford has 200,000 employees globally, half of which work in North America. Primarily, salaried workers in North America and Asia would be laid off, reported Reuters . In an email to employees, Ford said it wants to strengthen its core business and invest aggressively in new opportunities. Nonetheless, the automaker, in business since 1903, recently added 700 jobs in MI, according to Motor Trend , and in March announced a $1.2 billion investment in three of its facilities in the state, as ...



CIBC Increases Alibaba Group Holding Ltd (BABA) Price Target to $140.00

The fund owned 316,000 shares of the specialty retailer's stock after buying an additional 188,000 shares during the period. During the same quarter in the previous year, the firm posted $0.47 earnings per share. While looking at the Stock's Performance, Alibaba Group Holding Limited now shows a Weekly Performance of 2.39%, where Monthly Performance is 9.08%, Quarterly performance is 22.58%, 6 Months performance is 32.69% and yearly performance percentage is 57.33%.



USA stock indexes bounce back from slump a day earlier

EARNINGS BEAT: Ross Stores rose 2.1 percent after the discount retailer reported quarterly results that beat Wall Street's estimates. Total revenue was $117.5 billion, up 1.4 percent; excluding currency, total revenue was $118.8 billion, a 2.5 percent rise.


GAIL shares down nearly 3 per cent after Q4 results

GAIL shares down nearly 3 per cent after Q4 results

Turnover was up 16 per cent at Rs 13,644 crore. The narrowing down of losses were mainly attributed to lower provisioning of Rs 4,483.53 crore to cover for bad loans during the quarter, as against Rs 5,441.67 crore a year ago. "We hope to replace the short and medium term contracted volumes with US LNG", Tripathi said, adding that the company has floated a tender to time-charter four LNG ships to ferry the gas in its liquid form (LNG) from US coast to Dahej in Gujarat .


Polls: May's Conservative Party Lead Narrows

Polls: May's Conservative Party Lead Narrows

A YouGov poll showed her lead had halved to 9 points in a week. And as outrage swelled, Mrs May announced on Monday that a Tory Government would, in fact, consult on a possible cap on social care costs. David Cameron had meant to cap the amount at £72,000 from 2020, four years later than he had originally planned. Theresa May has been forced to make a significant concession over the Conservative Party's manifesto pledges on social care.