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Eyitemclub-012317.jpg The U.K. economy is set to undergo a fairly gradual dip and recover over the coming four years as the country is set to initiate steps to leave the EU this year. According to the EY ITEM Club winter forecast, released Monday, the economy has to shift its reliance from consumer spending towards exports as households started to contain their expenditure due to rising inflation.

Markets-111714_23Jan17.jpg European stocks are seen opening a tad lower on Monday as the U.S. dollar retreated against most of its peers, including the euro and pound, after Donald Trump's inaugural speech. Trump kicked off his presidency promising to put Americas first and hitting out at global trade deals, offsetting optimism...

Dodge County police officials were surprised when they discover huge load of Skittles spilled across highway. The load had fallen of a lorry and were actually intended to be cattle feed. The mystery began on Tuesday night when the Dodge County Sheriff's Office came across hundreds of thousands of...

The Trump administration has indefinitely suspended a recent reduction of Federal Housing Administration (FHA) annual mortgage insurance premiums which was passed by the Obama administration. The agency said that the plan to reduce the annual premiums by 25 basis points for new mortgages would not...

Hans Kissle Company is recalling about 6,348 pounds of ready-to-eat chicken products because of faulty processing that could have left bacteria alive. The company is recalling 16-oz. lidded bowls containing Roche brand "R Kitchen Sweet & Sour Chicken." 16-oz. (1-lb.) lidded bowls containing Roche...

PizzaHut-011917.jpg Pizza Hut is planning to hire about 11,000 employees for the Super Bowl in order to meet high demand for its pizzas. The Super Bowl is the busiest day of the year for Pizza Hut as well as other fast food chains. Pizza Hut expects to deliver over 2 million pizzas during the February 5 game. The...

WellsFargo-pittsburghMills-012017.jpg Wells Fargo Bank has bought a 1.1 million-square foot mall in Pennsylvania for an unbelievable price of $100. The bank was the only bidder for the property at an auction. The Pittsburgh-area mall was foreclosed after its owners failed to repay $143 million to the bank. The transaction was a consensual...

Starbucks-Leave-012017.jpg Starbucks Corp. (SBUX) has decided to expand its parental leave plan for U.S. employees, as the coffee retailing giant looks to lure its employees to stay put. In a note to employees, Starbucks said birth moms will be eligible for six weeks of paid leave at 100 percent of their average pay, effective...

HSBC-012017.jpg HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as...

wallstreet-111914_20Jan17.jpg After moving to the upside early in the session, stocks gave back some ground over the course of the trading day on Friday but managed to remain mostly positive. With the upward move, the Dow snapped a five-session losing streak.

GalaxyNote7--battery-012017.jpg Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had...

DonaldTrump5-012017.jpg After officially being sworn in as the 45th President of the United States, Donald Trump delivered an inaugural address focused on his plan to lead an administration that puts America first. Trump's remarks on the steps of the Capitol in rainy Washington, D.C. hewed closely to the themes of his presidential...

wallstreet-112014_20Jan17.jpg After moving to the upside early in the session, stocks remain mostly positive in mid-day trading on Friday. The strength on the day comes on the heels of the moderate weakness that was seen in the previous session.

Uber-Deivers-012017.jpg Ride hailing company Uber Technologies Inc. agreed to pay $20 million to resolve Federal Trade Commission accusations that it misled drivers with exaggerated earnings claims and vehicle financing. The agency said it will use $20 million to provide refunds to affected drivers across the country. According...

SenatorChuckSchumer-012017.jpg Republicans control both houses of Congress and the White House for the first time in a decade, but Senate Minority Leader Chuck Schumer, D-N.Y., has promised that Democratic lawmakers will continue to fight. In an interview of CNN's "New Day" on Friday, Schumer said Democrats are willing to work...

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