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Markets

BOA's net charge off ratio made an improvement to 0.39%, which was a historic low the prepared statement said . The US bank - the second biggest in the country by assets - said its net income rose by 46,8% to $4.34 billion in the three months ended December 31, up from $2.95 billion a year earlier.
  • $6 Million in Jewelry Stolen Near Times Square New Year's Eve

    $6 Million in Jewelry Stolen Near Times Square New Year's Eve

    Markets

    While it is unclear how the men broke into the safes, authorities believe they were either open or the robbers knew the combinations beforehand, the Post reports . The trio gained access to two safes belonging to high-end jewelry designer Gregg Ruth , according to WABC-7. Another man, wearing a hoodie and a face mask, jumped up and bashed the camera with something that looks like a wrench.
  • Fuel prices hiked again

    Fuel prices hiked again

    Markets

    The decision in that regard was made on the directives of Prime Minister Nawaz Sharif as a New Year's gift to the people. This is the third hike in petrol prices in one month and the second in case of diesel in one fortnight. He said in order to maintain stability since April 2016, prices have been maintained despite fluctuation in worldwide prices and the government has been absorbing the negative financial impact due to government's decisions for not passing increases to end consumers.
  • Cowboys Tame Lions in Arlington

    Cowboys Tame Lions in Arlington

    Markets

    Our algorithms project Elliott and Bryant in the top-five fantasy options at their positions for this week, and Prescott is still a surefire starter in the fantasy championships. But when the Cowboys defense finally settled in, they shut out the Lions in second half. He needs 178 yards in the finale to break Eric Dickerson's 33-year-old rookie rushing record of 1,808 yards.
  • U.K. Current-Account Deficit Widens; GDP Growth Revised Higher

    Markets

    But growth was revised down by 0.1 percentage points in the first and second quarters of the year to 0.3 and 0.6 percent respectively. For the quarter that ends this month, economists believe weaker export sales and slowed business inventory growth will push the overall US growth rate back down to around 1.5 percent.
  • Trump vows to cut F-35 spending

    Trump vows to cut F-35 spending

    Markets

    USA media interpret the fourth point - finding greater efficiency - as streamlining bureaucracy to cut costs. "The F-35 program and cost is out of control". The F-35 programme is reportedly regarded as one of Pentagon's largest weapons project and Trump's reluctance in continuing the project has invoked fears in the White House.
  • Police offering $40000 reward in shooting death of 3-year-old

    Markets

    The incident began Saturday evening when a motorist behind the grandmother grew agitated that she was not moving quickly enough at a stop sign, Little Rock Police Department spokesman Lt. A one-year-old was also in the auto with his grandmother during the shooting. Police said the grandmother and the slain boy had no relationship with the suspect.
  • VW to pay $1.6B to settle emissions cases in Canada

    VW to pay $1.6B to settle emissions cases in Canada

    Markets

    The Canadian suit had alleged owners suffered from a decline in the resale value of their VW-made vehicles since the scandal came to light in September 2015. Although Volkswagen's and its competitors' sales rose by high single-digit/double-digit percentages in November, this was mainly on the back of hefty discounts or incentives.
  • WPP receives USA subpoenas over video production practices

    Markets

    Publicis did not disclose which subsidiary was subpoenaed and a representative for the company declined to provide any further information. Both Omnicom and Publicis said they received the subpoenas on Wednesday. On December 7, Interpublic (IPG) said one of its standalone agencies was contacted by the DOJ for documents regarding video production practices.
  • Fed's Yellen: 'Education key to higher-paying jobs'

    Fed's Yellen: 'Education key to higher-paying jobs'

    Markets

    Yellen is scheduled to speak on the job market at a University of Baltimore commencement. The economy is growing more slowly than in previous periods of recovery. In explaining the decision to reporters, Yellen said the labor market was "in the vicinity of maximum employment", meaning that almost all of the spare resources that are available are being used.
  • US stock indexes hold near record levels, bond yields relax

    US stock indexes hold near record levels, bond yields relax

    Markets

    The Dow Jones industrial average rose 137 points, or 0.7 percent, to 19,930 and is on the precipice of crossing the 20,000 threshold for the first time. Among them was Chipotle Mexican Grill, which jumped $9.72, or 2.5 percent, to $392.07. Four new directors will join the board, as part of an agreement with activist investor Bill Ackman's Pershing Square.