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[ad_1] People walk in Central Park as smoke from wildfires in Canada cause hazy conditions in New York City on June 7, 2023.  Timothy A. Clary | AFP | Getty Images Smoke from Canada wildfires is set to disrupt flights again Thursday after hundreds were delayed a day earlier due to decreased visibility, the Federal Aviation Administration said. The FAA said it will "likely need to take steps to manage the flow of traffic safely into New York City, DC, Philadelphia and Charlotte due to reduced visibility from wildfire smoke." Traffic to Philadelphia International Airport was paused until 9:15 a.m., the FAA said. Hundreds of flights at LaGuardia Airport and Newark Liberty International Airport were delayed on Wednesday due to the heavy smoke. The FAA had briefly paused traffic altogether into LaGuardia during the day. As of about 9 a.m. ET on Thursday, there were nearly 800 flights delayed across the U.S., according to flight-tracker FlightAware . This story is developing

[ad_1] WWE SmackDown World Tour Joern Pollex | Bongarts | Getty Images World Wrestling Entertainment and Endeavor-owned UFC are set to merge this year in a deal that will create a sports entertainment behemoth valued at more than $21 billion. After the deal was announced in early April, WWE shares soared to their highest point in nearly four years. The stock is up more than 50% so far this year. For wrestling fans, though, the story's not about those numbers. Rather, the merger's success hinges on what's actually happening in the ring — and whether it's worth their time and money.  In a landscape where consumers have broad economic and political sway , the merger will serve as a test of just how potent fans' collective power can be in the face of corporate behemoths. And wrestling fans aren't afraid to share their opinions. Some are worried that a return to a pay-per-view model for WWE's flagship event, WrestleMania, is on the horizon. Last month, i

[ad_1] NEW DELHI: India's exports in December 2022 dipped by 12.2 per cent to $34.48 billion as against $39.27 billion in the same month last year, according to the data released by the commerce ministry on Monday. Imports in December 2022 also declined to USD 58.24 billion as against $60.33 billion in the same month last year. During April-December this fiscal the country's overall exports rose by 9 per cent to $332.76 billion. Imports during the period increased by 24.96 per cent to $551.7 billion. Commerce secretary Sunil Barthwal said that despite global headwinds, india's exports have held its head high. [ad_2] Source link https://worldnews2023.com/business/indias-exports-in-december-2022-dipped-by-12-2-times-of-india/?feed_id=286861&_unique_id=65e7f9c568365

[ad_1] NEW DELHI: Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity in fuel retailers that lost money on selling petrol and diesel at discounted rates last year, officials said. The government had in the annual Budget for 2023-24 (April 2023 to March 2024 fiscal) announced Rs 30,000 crore of capital support to state-run fuel retailers -- Indian Oil Corporation (IOC), HPCL and Bharat Petroleum Corporation Ltd ( BPCL ) -- to support their energy transition and net-zero initiatives. In June, the government asked IOC and BPCL to launch rights issues (to get the capital), and advised HPCL to make a preferential share allotment to the government. Board of IOC earlier this month approved raising up to Rs 22,000 crore by inviting existing shareholders to purchase additional new shares in the company (this type of issue gives existing shareholders securities called rights).

[ad_1] A general view of fans in front of the Washington Commanders logo during the first half of the game between the Washington Commanders and the Philadelphia Eagles at FedExField on September 25, 2022 in Landover, Maryland. Scott Taetsch | Getty Images The NFL's Washington Commanders entered into a deal to be sold to a consortium led by private-equity financier and professional sports team owner Josh Harris, the sides announced Friday. The deal comes months after team owner Dan Snyder hired investment bankers to explore a sale of the team, CNBC previously reported . The deal is valued at approximately $6 billion, according to a person familiar with the matter. It is still subject to the NFL's approval. Snyder wasn't being forced to sell the team despite the pressure that had recently mounted to have him removed as owner. Snyder and the Commanders have been the subjects of recent probes by both the  House Oversight Committee  and the NFL for sexual harassment and fi

[ad_1] The extraordinary activist-investor interest in Salesforce (CRM) eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. These big-name investors also made moves in nine other Club stocks during a strong three-month stretch that ended the best first half for the market in years. Starting with Salesforce, Dan Loeb's Third Point shed its stake in the second quarter. Jeff Smith's Starboard Value — the first known activist to target the enterprise software giant — cut its stake by 21% in the three months ended June 30. Those sales are among the Club-related trades revealed this week by the latest batch of securities filings known as 13Fs. Submitted to U.S. regulators on a quarterly basis, these disclosures offer a look — albeit with some limitations — into the investment decisions that closely followed Wall Street pros have made. CRM .SPX YTD mountain Salesforce's year-to-date stock performance, in compariso

[ad_1] Your Hometown Deli in Paulsboro, N.J. Google Earth A former fugitive wanted on criminal stock manipulation charges related to a money-losing New Jersey deli once valued at $100 million has agreed to be extradited from Thailand to the United States, Thai authorities said. Peter Coker Jr., 54, was arrested last week by Thai police in the resort area of Phuket, more than three months after he, his father, Peter Coker Sr., and an associate, James Patten, were indicted in New Jersey federal court. The 12-count complaint alleges financial crimes related to two publicly traded companies, Hometown International , which owned only a modest, now-closed deli in Paulsboro, New Jersey, and E-Waste , a shell company that had no assets. Coker Jr., an American who most recently was known to be living and working as a businessman in Hong Kong, is being held in a Bangkok jail for the next several weeks before his expected extradition, the Associated Press reported Friday. Thai police, in

[ad_1] Shoppers may get an early present this holiday season: falling prices in many gift-giving categories. On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper. He said the retailer expects some of the stickier higher prices, such as the ones for pantry staples, to "start to deflate in the coming weeks and months," too. "In the U.S., we may be managing through a period of deflation in the months to come," he said on the company's Thursday earnings call. "And while that would put more unit pressure on us, we welcome it, because it's better for our customers." For more than a year, consumers have coped with inflation that peaked around four-decade highs and drove up the cost of nearly everything, including groceries, rent and utilities. But McMillon's comments echoed what the government and other retailers said earlier this week, o

[ad_1] A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. VCG | Getty Images Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024. The company also narrowed its outlook for full-year adjusted earnings per share to a range of $6.37 to $6.43, although its forecast for unadjusted earnings fell due to its plans to write down Gillette and restructure certain markets. Shares of the company rose about 1% in premarket trading. Here's what P&G reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: $1.84 adjusted vs. $1.70 expected Revenue: $21.44 billion vs. $21.48 billion expected P&G reported fiscal second-quarter net income attributable to the company of $3.47 billion, or $1.40 p

[ad_1] Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC Airfare fell 6.4% in January from a year earlier, the Labor Department said in its monthly consumer price index report on Tuesday. It might not last too long. January is typically a slower month for travel as customers take fewer trips following the New Year's holiday. Domestic travel usually picks up during school breaks and spring holidays. The drop comes even though carriers are facing capacity constraints this year, in part because of an engine recall from Pratt & Whitney , congested airspace and delayed aircraft deliveries. Meanwhile, airline executives have forecast robust demand this year, even in the domestic market, which has faced more competition from international destinations that opened up in the wake of the pandemic. Those trends could help lift fares. "The capacity decline is related to artificial constraints due to aircraft delivery delays and GTF engine issues

[ad_1] A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023.  George Frey | Reuters Drugmakers aren't the only ones feeling the impact of the weight loss industry gold rush.  Retailers with pharmacy businesses, such as Walmart , Kroger and Rite Aid , said increased demand for prescription weight loss drugs helped boost sales for the second quarter.  But analysts note that those blockbuster treatments are minimally profitable for retail pharmacies – and may even come with margin headwinds. "More recently, you're starting to hear retailers talk about these drugs. But I wouldn't say they're necessarily beneficiaries of the increased popularity," Arun Sundaram, an analyst at CFRA Research, told CNBC. "They're really not making much of a profit on the drugs. So it's really just a traffic driver and not really a p

[ad_1] Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Lindsey Nicholson | Getty Images Two big companies weighed in on persistent demand woes this week. General Mills , which reported earnings Wednesday morning, said tepid demand and pricing pressures are compounding problems for the Dunkaroos and Bisquick maker. That echoed what FedEx said in its report after the bell Tuesday. FedEx shares fell 12% on Wednesday, on pace for its worst day in 15 months, while General Mills' stock slipped more than 3%. And, just like FedEx, General Mills trimmed its full-year sales outlook. With two quarters remaining in the Cheerios producer's fiscal year, the company now sees revenue down 1% to flat, compared with previous guidance of a 3% to 4% increase. General Mills is also cutting the high end of its earnings guidance due to the lower demand foreca

[ad_1] NEW DELHI: GAIL has inked a multibillion dollar deal for sourcing one million tonne of LNG annually for 10 years from commodities trading giant Vitol, marking the state-run utility's first long-term deal in a decade amid rising domestic demand. Vitol will start shipping super-chilled gas from 2026, even as GAIL is negotiating more such deals with others in view of a projected demand of 500 mcmd by 2030 from 155 at present. [ad_2] Source link https://worldnews2023.com/business/gail-inks-10-year-lng-deal-with-trading-company-vitol-times-of-india/?feed_id=275607&_unique_id=65d15804a9417

[ad_1] NEW DELHI: Google laid off over 450 employees in India as part of the company’s global downsizing, joining the growing list of technology giants that have been cutting workforce to factor in slowdown trends. The downsizing, which was announced by Google and Alphabet CEO Sundar Pichai on January 20 this year as part of a global action across various markets, was heard loudly across social media platforms, especially LinkedIn, where the hashtag #googlelayoffs had started trending. Questions sent to Google India on the matter were not answered by a company spokesperson, who re-directed the queries to Pichai’s statement where he had announced plans to reduce workforce by 12,000. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that,” he had said, adding that cuts would be spread across Alphabet, product areas, functions, levels and regions. It is believed that reduction in India headcoun

[ad_1] MUMBAI: Hotel associations mainly comprising the Hotels and Restaurants Association Western India (HRAWI) and the Association of Hotel and Restaurant Owners (AHAR), representing the hospitality industry in Maharashtra, have raised a strong objection to the proposed increase in Value Added Tax (VAT) on alcohol consumption in restaurants from November 1 and want it to be rolled back immediately.The decision, which would elevate VAT to 10%, from the earlier 5%, not only discriminated against the restaurant industry but also lacked consultation with industry stakeholders and consideration of its potential repercussions, they said. With about 18,000 bars in hotels and restaurants of Maharashtra, they contribute to about 50% of beer sales of 33 crore litres, and 30% of the annual sale of Indian Made Foreign Liquor (IMFL) selling 8.5 crore litres of 28 crore litres. The delegations led by AHAR President Sukesh Shetty and HRAWI President Pradeep Shetty called on the excise ministr

[ad_1] Win Mcnamee | Getty Images News | Getty Images Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin. The lawyers said the investors never explained how Musk intended to defraud anyone or what risks he concealed, and that his statements such as "Dogecoin Rulz" and "no highs, no lows, only Doge" were too vague to support a fraud claim. "There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion," Musk's lawyers said. "This court should put a stop to plain

[ad_1] Pharmacist Ani Martirosyan administers an immunization to a patient at a CVS on Tuesday, Sept. 12, 2023 in Glendale, CA. Brian Van Der Brug | Los Angeles Times | Getty Images The rollout of a new round of Covid vaccines in the U.S. is off to a bumpy start as some patients report delays in health insurance coverage for the shots.  Private insurance plans and government payers such as Medicare are required to cover the new jabs from Pfizer and Moderna , which became available late last week. U.S. regulators have recommended all Americans ages 6 months and up get the new round of vaccines.  The Centers for Medicare & Medicaid Services, some private health-care providers and CVS confirmed the temporary delays in coverage and emphasized that Americans can access Covid vaccines at no cost through insurance plans. They said the reason for the delays is that some insurers are still working to update their plans to include the new vaccines. Dozens of posts on social medi