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Business News from Topix.net

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Channel Description: Business News continually updated from thousands of sources around the net.

 
U.K. Terror Threat Level Reduced to 'Severe' After Manchester Bombing Arrests

Britain's terrorist threat level has been reduced one level to "severe", Prime Minister Theresa May said Saturday, after a series of arrests linked to last week's bombing of a concert hall in Manchester. May announced the lowering of the threat level following a so-called Cabinet Office Briefing Room, or COBRA, meeting with security services in central London.

...read more

Warthog attack plane finds new life in Trump administration

Once on the brink of forced retirement, the A-10 attack plane with the ungainly shape and odd nickname has been given new life, spared by Air Force leaders who have reversed the Obama administration's view of the plane as an unaffordable extra in what had been a time of tight budgets. In the 2018 Pentagon budget plan sent to Congress this week, the Air Force proposed to keep all 283 A-10s flying for the foreseeable future.

...read more

An elite military unit is accused of human rights violations...

An investigation into one of Iraq's "effective fighting force" is underway after a photojournalist captured footage of them torturing and performing extrajudicial killings. The Iraqi government is said to be looking into the abuse allegations against the Interior Ministry's Emergency Response Division, according to The Washington Post .

...read more

Jury convicts Florida co-pilot of operating plane drunk

A Michigan jury has convicted a Florida co-pilot of being drunk while preparing for a charter airline flight last summer. The jury in Grand Rapids federal court convicted 35-year-old Sean Michael Fitzgerald on Friday of operating a common carrier under the influence of alcohol.

...read more

Gunmen Kill 28 Christians in Egypt

Masked gunmen killed a group of 28 Coptic Christians, while wounding 25 others, who were traveling to a monastery in southern Egypt on Friday. Witnesses say the gunmen opened fire on the group after stopping their bus and other vehicles, according to Reuters .

...read more

U.S. growth in Q1 revised up to 1.2 percent, but still weak

The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading to a rate of 1.2 percent - better than an earlier estimate of 0.7 percent but well below President Donald Trump's ambitious growth targets.

...read more

Cyprus' economy expected to pick up speed over next 2 years

Cyprus' economic growth is projected to pick up from 2.8 percent this year to around 3 percent annually over the next two years, the governor of the east Mediterranean island's Central Bank said Friday. Chrystalla Georghadji said in the bank's annual report that the positive outlook is owed to an uptick in tourism, strong consumer demand, investment and exports.

...read more

South Carolina's ETV Network gets millions from sale

The State newspaper reports the money comes from the sale of airwave space associated with ETV's Greenville station to the Federal Communications Commission. The FCC then sold the space to wireless and telecommunications companies for $43 million.

...read more

4 protesters arrested at Senate hearing on energy nominees

Four protesters have been arrested after disrupting a Senate hearing on nominees to serve in energy-related posts in the Trump administration. Two men and two women were arrested on Capitol Hill after disrupting a hearing by the Senate Energy and Natural Resources Committee.

...read more

TD Bank profit rises 22% to $2.5B

TD Bank had $2.5 billion of net income during the second quarter, up 22 per cent from a year ago. That compared with $1.07 per share or $2.05 billion of net income during the same period last year.

...read more

Average US 30-year mortgage rate falls to 3.95 pct, 2017 low

Long-term U.S. mortgage rates fell this week to their lowest levels of the year. The benchmark 30-year rate dipped below the key 4 percent mark.

...read more

Netflix Should Be Looking Over Its Shoulder; Facebook May Want to Kill It

By all indications, Facebook is dropping strong clues it wants to launch its own video on demand service, and do so very soon. Facebook is prepared to pay as much as $250,000 per episode for its planned original video initiative, Reuters reported this week.

...read more

GOP candidate in Montana's special election is accused of...

A reporter said he was physically assaulted by Republican congressional candidate Greg Gianforte on Wednesday, a day before Montana residents could vote him into office. "Greg Gianforte just body slammed me and broke my glasses," tweeted Ben Jacobs, a reporter with The Guardian, who was covering a Gianforte campaign event.

...read more

SoftBank Said to Take $4 Billion Stake in Chipmaker Nvidia

SoftBank Group Corp. has quietly amassed a $4 billion stake in Nvidia Corp. making it the fourth-largest shareholder in the graphics chipmaker, according to people familiar with the situation. The Japanese company, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments to the technology investment fund on Saturday.

...read more

You're now free to comment on the FCC's plan to change how...

The Federal Communications Commission on Tuesday released its updated proposal to repeal the net-neutrality rules set during the Obama administration. There isn't much about the new text that's radically different than the initial proposal the FCC released in late April - it still aims to reverse the Title II classification that gives the agency broad authority over internet service providers, and still questions whether rules that ban those ISPs from slowing down or speeding up certain sites for payment are even necessary in the first place.

...read more

BBC Radio 5 Live went off-air for 10 minutes as journalists were evacuated for a fire alarm.

BBC radio station 5 Live went off the air briefly Wednesday after staffers at one of the broadcaster's buildings in Manchester were evacuated. The announcement of the evacuation, which was made during the live broadcast and saw the station revert to prerecorded audio, came at a time of high alert in the U.K. after the deadly bomb attacks in Manchester on Monday night.

...read more

Manchester Police Arrest 3 Men In Connection With Concert Bombing

Manchester Police have arrested another three men in connection with the investigation into Monday night's bombing that killed 22 people after an Ariana Grande concert. That brings the total arrests to four after police on Tuesday brought in a 23-year-old man.

...read more

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