Business

May faces calls to resign as election hangs in balance

May faces calls to resign as election hangs in balance

With results declared for almost all of the 650 seats, Conservatives won 318 while the opposition Labour secured 262, leaving neither party anywhere close to the 326 seats required for an overall majority. Britain has been plunged into political chaos after a shock result in Thursday's general election that saw the ruling Conservative Party's majority wiped out.



Britain's Hammond to push for UK to stay in EU customs union

Mr Hammond said the United Kingdom "should prioritise protecting jobs, protecting economic growth and protecting prosperity". He will say the British Business Bank will extend the limits in its current venture capital investment programme and a UK Guarantee Scheme will offer new types of support, including construction guarantees, for major projects.



AK Steel Holding Corporation (AKS) Closed at $6.25

Finally, Winslow Evans & Crocker Inc. acquired a new position in United States Steel Corporation during the first quarter worth about $283,000. California State Teachers Retirement System now owns 337,929 shares of the basic materials company's stock worth $6,373,000 after buying an additional 41,900 shares in the last quarter.



Uber to add new board member amid ongoing turmoil, reports say

Full view will be published shortly. Uber CEO Travis Kalanick will discuss taking a possible leave of absence when the board convenes, The Wall Street Journal reported , citing an unidentified person familiar with the matter. Michael reportedly oversees strategy initiatives including mergers, acquisitions and fundraising. One of its recommendations called for Kalanick's departure.


Energy Transfer Equity, LP (ETE) Position Boosted by OppenheimerFunds Inc

Energy Transfer Equity, LP (ETE) Position Boosted by OppenheimerFunds Inc

Investors of record on Wednesday, May 10th were given a dividend of $0.285 per share. Its up 0.17, from 0.94 in 2016Q3. It improved, as 20 investors sold MTZ shares while 85 reduced holdings. Energy Transfer Partners, L.P. P/E ( price to earnings) ratio is 9.3 and Forward P/E ratio of 22.47. Barclays Capital maintained it with "Overweight" rating and $48 target in Tuesday, May 31 report.



Jeff Immelt to retire as GE CEO, Flannery to succeed

The official changeover will come in 2018, when Immelt, 61, officially retires on December 31, 2017. His biggest critic is Trian Fund Management , an activist investment group led by Nelson Peltz, which has compiled a 2.3 percent stake in GE.