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Ontario to tax non-resident foreign housing buyers 15%

The main reason house prices are skyrocketing in Toronto (the price of an average detached home is now over $1 million and has risen 33 per cent in the past year) isn't that there aren't enough government taxes on real estate. "The argument that developers need to be able to increase rent by as much as 100 per cent or they won't keep building rental units, just does not hold water". Read More »

Dortmund bus attack suspect bet against the team

The 28-year-old dual German and Russian national, named only as Sergei W, is believed to have carried out the attack purely to make a profit by selling shares in the team. Dortmunds first-leg match against Monaco was postponed and the team lost 3-2 to Monaco the next day. The bomb shattered several windows on the bus, wounding Bartra. Read More »

Trump believes in 'reciprocal' free trade: Treasury chief


The IMF projected that Nigeria's economic growth will rise by 0.8 per cent this year. Carstens said that it was important on the issue of trade to recognize the viewpoints of different countries. "We do so think so", she added. France is to hold the first round of presidential elections on Sunday. That inclusiveness needs to be identified and supported by policies on three dimensions: "within countries, across countries, and between generations", she said. Read More »

Trump to Sign Measures to Review Financial Regulation


USA stock indexes have wavered in April, as investors dialed back expectations for tax cuts and fiscal stimulus from the Trump administration that initially pushed up stocks and government-bond yields after the November election. Earlier, Mnuchin suggested that a tax proposal would "pay for itself". Kristian Rouz - One of US President Donald Trump's electoral promises was to boost his country's economic growth through an unprecedented fiscal stimulus plan, which is set to include massive ... Read More »

Bebe expects to close all it stores by the end of May


Last month Bloomberg reported that Bebe was planning to shut just 21 stores and instead become an online-only seller of women's fashion merchandise. Bebe is closing all its stores, the latest brick-and-mortar retailer to get dumped by customers who would rather shop with their phones than their feet. Read More »

United Airlines' Corporate Clients Are Pushing for Customer Service Fixes

Dr David Dao was forcibly removed from another United Airlines plane on April 9 after refusing to give up his seat. All three are still suspended pending an internal investigation into their conduct. United's first-quarter financial results shows higher profits than those expected by analysts, which Munoz said gave the company "a lot of confidence about the foundation we're building". Read More »

Yahoo beats on earnings, says Verizon deal to close in June


The company now has an average rating of "Hold" and a consensus price target of $45.35. There is no concrete way to calculate a price target. In the current month, Pivotal Research has reportedly retained its Hold rating while boosting its price objective to $46. Read More »

Single-Family Housing Production Falls in March


Single-family construction slipped 6.2% to an 821,000-unit pace in March, following its strongest post-recession pace of 875,000 units in February. Looking past month-to-month fluctuations, starts in the first quarter were up 8.1% from the same period in 2016. Read More »

Last call to collect leftover tax refunds

In Horn's more than 25 years of experience, most taxpayers filed at the last minute because they were waiting on a 1099 form or a document from a partnership or a business in a taxpayer has invested, such as K-1 form. The requirement to file depends on a person's income, filing status, age and whether they can be claimed as a dependent on someone else's return. IRS will automatically process an extension of time to file when taxpayers select Form 4868 and they are making a full or ... Read More »

LeEco, Vizio Scuttle Proposed Merger


The company is known for its low retail prices on televisions and has entered other areas of consumer electronics such as computers, smartphones and tablets. Less than a year later, Reuters reported that LeEco would be forced to sell the land, saying the company was "cash-strapped and struggling to repay a pile of debts to suppliers and business partners". Read More »

KFC promises to ditch to antibiotic-laden chicken


Officials say it can lead to germs becoming resistant to drugs, making antibiotics no longer effective in treating some illnesses in humans. KFC's rivals have already announced plans to curb their use of chickens raised with antibiotics. Read More »

California governor declares end to drought emergency

It led to the first conservation rules for the nation's most populated and agriculturally productive state, focused on turning off sprinklers and ripping out thirsty lawns. The reversal was swift: As of this week, just 1 percent of the state is still in severe drought, compared to 74 percent of the state one year ago. "They will continue to receive tanks and bottles water for drinking". Read More »

49ers CB Brock arrested on domestic violence charge


It's a swift move from an organization that's attempting to change the culture in Santa Clara. According to a news release from Santa Clara police, officers responded to a report of a domestic violence incident around 9:35 PT Thursday. Cops say the woman's injuries were minor, and she did not require medical attention. They acted quickly just hours after the news of Brock's arrest became public, which was the right decision. Read More »

Alabama Ethics Commission expected to hear Bentley case on Wednesday

The commission, in a series of public votes after hours of private meetings, found probable cause that Bentley violated both the Alabama Ethics Act and the Fair Campaign Practices Act. For example, Byrne said Bentley loaned money to his campaign so he could pay legal bills. Special counsel Jack Sharman, under a tentative schedule he released, plans to kick off proceedings Friday with the release of a report. Read More »

4 things to know about Equal Pay Day

It takes a woman until the following Tuesday to earn what a man does in a single week, and more than 15 months to earn what a man does in a year, according to the National Committee on Pay Equity. She might want to take a closer look at the policies and ideologies her father and his administration have already set forth. Women in New York State only earn 89 cents for every dollar a man does. Read More »

Pink diamond sells for a world record $71.2M

The 14.62 carat vivid blue diamond was sold by Christie's for $57.5 million last May to an undisclosed buyer . It sold for $83m in Geneva in 2013 but the buyer later defaulted. Originally a 132.5 carat rough diamond, the Pink Star took two years to cut and polish after being mined in Botswana by De Beers in 1999. The auction house was forced to buy the diamond from the seller because it had guaranteed a $60 million sale price. Read More »

'Chemical attack' in Syria kills at least 35 people


August 20, 2012: U.S. President Barack Obama says the use of chemical weapons would be a "red line" that would change his calculus on intervening in the civil war and have "enormous consequences". Planes carried out the suspected attack that killed several people including children in the Syrian town. Claims of chemical weapons attacks, particularly the use of the chlorine agent, are not uncommon in Syria's conflict. Read More »

Clause allows Trump to withdraw money from businesses


He also dismissed the Pulitzer Prize-winning ProPublica as a "left-wing blog". A change to the documents , which were signed February 10, says Trump's trustees "shall distribute net income or principal to Donald J. Eric Trump is the President of a large number of The Trump Organization's operating companies and is the Chairman of the Advisory Board. The filing was revealed last week after the GSA, which oversees federal land, told the Trumps that the company is "in full compliance" ... Read More »

Federer Edges Kyrgios, Sets Nadal Final in Miami


Meanwhile, Nadal cruised to 3-3 having dropped just one point on serve, and would drop only five in this set, too. "I wasn't with them and had that match , so it was nice to get this one". 1 Roger Federer in straight sets in the third round of the Masters event in Miami . Known as the Nasdaq-100 Open back then, the round-of-32 matchup saw the two youngsters - one of whom who was still in his teens - play each other for the first time in their careers. Read More »

President Zuma appoints new finance minister

Another ANC veteran, former cabinet minister Barbara Hogan, said Mr. Zuma has become a "rogue" president and the ANC is beginning to distance itself from him. The main opposition party, the Democratic Alliance, said it would file an urgent legal request to try and block the reshuffle and separately push for a parliamentary vote of no-confidence in the President. Read More »

Key findings from the AP-NORC poll on President Donald Trump

If you're hoping to revive the effort, you may want to try something different. Almost 6 in 10 Americans disapprove of Trump's overall performance, and about the same percentage say the country is headed in the wrong direction, according to a new poll by the Associated Press-NORC Center for Public Affairs Research. Read More »

Sterling slides as Article 50 trigger looms


Among them are uncertainty about whether Mr Trump, who recently failed in his bid to transform the United States healthcare system, will be able to enact ambitious tax reform, France's turbulent presidential election and speculation that the European Central Bank might move to rein in its huge asset purchase programme. Read More »

Lululemon Athletica inc. (LULU) Issues FY18 Earnings Guidance


A number of analysts recently weighed in on the stock. "The magnitude of the trend reversal for Lululemon was surprising", wrote Evercore ISI analyst Omar Saad in a research note. The firm had revenue of $789 million for the quarter, compared to the consensus estimate of $783.32 million. In the last Quarter, Lululemon Athletica Inc . Read More »

BlackRock bets on robots to improve Its stock picking


It's also planning to roll out nine new mutual funds managed by its quantitative investment team. As a result, more than 40 employees will be laid off, including portfolio managers. Fink said in 2014 that he'd spent "hundreds of millions of dollars rebooting" the business. The executive behind the overhaul is Mark Wiseman, the former CEO of the Canada Pension Plan Investment Board, who was hired past year to turn around the stock-picking business. Read More »

Westinghouse Electric Chapter 11 Bankruptcy

Both companies stressed that only Westinghouse's U.S. operations would be affected by the filing. "We reaffirm USG (US government) commitment to civil nuclear cooperation with India", the spokesman added. "Lenders are aware that Toshiba wants to file by the end of the month, but if possible would like to see it after the meeting", the source said. Any filing would trigger complex negotiations between Toshiba, the nuclear unit and creditors, and could embroil the U.S and Japanese ... Read More »

World powers drop pledge to fully oppose trade protectionism

Rather than omit trade from the statement altogether, he said he wanted to find a formulation all could agree. At this weekend's gathering of the Group of 20 , the world's 20 largest economies, the group took a step back from its typically overt pro-free trade agenda, in the wake of pushback from the United States. Read More »

Putin says Iran is Russia's reliable and stable partner


Iranian arms purchases and Russian investment in the Iranian energy sector are likely talking points for Rouhani, less than two months before Iran's May 19 presidential election. The rapprochement is a concern for both Saudi Arabia, Tehran's main rival for dominance in the Middle East, and for U.S. President Donald Trump, who has expressed an interest in working more closely with Russian Federation but has issued a number of harsh statements about Iran. Read More »

Lenders to face foreign investment scenario in Bank of England stress test


Bank of England Governor Mark Carney said earlier this year that he did not believe leaving the European Union was the biggest threat to British financial stability, a view that has not changed. It added there would be contingency plans in place to manage potential risks as talks get underway from Wednesday. "Sudden adjustment could disrupt the provision of market liquidity and investment banking services", the BoE said. Read More »

Judge considering plan on fix for 18000 Flint water lines

Flint Mayor Karen Weaver welcomed the settlement. Flint's drinking water became contaminated with lead in April 2014, when a state-appointed emergency manager, as a short-term cost-cutting measure, switched the city's drinking water supply from Lake Huron water treated in Detroit to Flint River water treated at the Flint Water Treatment Plant. Read More »

Brazilian government orders meat recall


China is a major importer of Brazilian meat . The corruption scandal has hurt Brazil's reputation as the world's largest meat exporter, with sales of nearly $14 billion a year ago. China is the second-largest importer of Brazilian beef, after Hong Kong, with more than $703 million in imports in 2016. According to the ministry of agriculture, China's ban on Brazilian products will be suspended on Monday, with the exception of meat processed in 21 plants still under investigation by ... Read More »