BUSINESS NEWS - Last Generation Network News - TUESDAY MAY 2 2017

BUSINESS NEWS - Last Generation Network News - TUESDAY MAY 2 2017

Infosys, an Indian Outsourcing Company, Says It Will Create 10000 US Jobs

New York Times - ‎1 hour ago‎
Vishal Sikka, the chief executive of Infosys, in 2014. The company said on Tuesday that it would open a technology and innovation office in August in Indiana.

Interns at these 25 companies make more than the median US worker

Washington Post - ‎1 hour ago‎
Summer is nearing, and workplaces everywhere are awaiting the arrival of this year's interns to help out on extra projects and shoulder the seasonal load.

Morning Agenda: A Nervous Time for Banks

New York Times - ‎2 hours ago‎
President Trump spoke at the White House on Monday to members of the Independent Community Bankers of America. Credit Stephen Crowley/The New York Times.

Alitalia board starts bankruptcy proceedings

Reuters - ‎21 minutes ago‎
FILE PHOTO: An airplane of Alitalia is seen at the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, April 28, 2017. REUTERS/Tony Gentile/File Photo.

Angie's List to be acquired by HomeAdvisor parent company

USA TODAY - ‎1 hour ago‎
INDIANAPOLIS - More than 20 years after pioneering the online user review business, Angie's List has acknowledged a painful truth: People prefer reviewing companies on another (free) website.

Pfizer (PFE) Tops Q1 Earnings Estimates, Misses Sales

Zacks.com - ‎49 minutes ago‎
Pfizer Inc.'s (PFE - Free Report) is one of the most well-known names in the pharmaceutical sector not just for its medicines and vaccines but also for its consumer healthcare products.

Stock Futures Mixed as Fed Convenes for Rates Meeting, Apple Earnings on Tap

TheStreet.com - ‎33 minutes ago‎
Stock futures were mixed on Tuesday morning as the Federal Reserve's monetary policy group convened for a two-day meeting to discuss interest rates.

Greece agrees to new bailout terms — and more austerity

Washington Post - ‎1 hour ago‎
ATHENS, Greece - Greece and its rescue creditors have reached a deal needed to unfreeze the country's bailout program and avoid a default this summer, though it leaves Greeks facing years more of austerity and hardship.

Schumer's claim that 'millions would pay more' under Trump's tax plan

Washington Post - ‎5 hours ago‎
Sen. Charles E. Schumer (D-N.Y.): “Well, but he also takes away things like the mortgage interest deduction, the local - state and local property …” Chris Wallace: “No, no, no, that's not true.

Aramco Boosts Fuel-Trading in Fight for Asia, Africa Sales

Bloomberg - ‎16 hours ago‎
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world's biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa.

Airbnb's battle with San Francisco shows the payoff to going up against regulators

Washington Post - ‎1 hour ago‎
Home-sharing company Airbnb cleared a major legal hurdle in its hometown of San Francisco on Monday, settling a case that was viewed by many in Silicon Valley as a bellwether for how far start-ups can go to test government.

Dollar hits six-week high vs yen on Mnuchin bond hints

Reuters - ‎16 minutes ago‎
Light is cast on a U.S. one-hundred dollar bill next to a Japanese 10,000 yen note in this picture illustration shot February 28, 2013.

Net neutrality redux: The battle for an open net continues

CNET - ‎19 minutes ago‎
Remember the knock-down, drag-out fight over net neutrality? Get ready for another round. gettyimages-673446306.jpg. Federal Communications Commission Chairman Ajit Pai introduced a new plan that rolls back Obama-era net neutrality regulation at an ...

Proterra to test self-driving bus in downtown Reno

SFGate - ‎18 minutes ago‎
Companies from Uber to Ford are racing to deploy self-driving taxis on city streets, perhaps within five years. Other robot vehicles may not be far behind.

Merck Q1 Results Beat Estimates; Raises 2017 Outlook

Nasdaq - ‎53 minutes ago‎
(RTTNews.com) - Merck & Co., Inc. ( MRK ) reported a profit for the first-quarter 2017 that increased 38 percent from last year, while quarterly sales rose 1 percent.

BP Debt Keeps Rising Even as Oil-Price Rebound Boosts Profit

Bloomberg - ‎5 hours ago‎
BP Plc's net debt rose again in the first quarter, reaching the highest level in at least a decade as payments linked to the Gulf of Mexico oil spill countered an almost threefold jump in profit.

Oil up as OPEC, Russia cuts outweigh output elsewhere

Reuters - ‎13 minutes ago‎
FILE PHOTO: A worker walks past a pump jack on an oil field owned by the Bashneft company near Nikolo-Berezovka, Bashkortostan, Russia , January 28, 2015.

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