Wall Street Weekahead: U.S. broadcasters in line for political ad windfall

Aug 10 2018

Local TV companies such as Sinclair Broadcast Group and Gray Television are set for a significant political advertising boost this year as candidates and special interest groups are spending heavily to woo voters in mid-term elections.

U.S. utilities balk at expanded carbon-capture subsidy

Aug 02 2018

Few U.S. energy policies can bring together coal miners, oil drillers, environmentalists, Republicans and Democrats.

US Democratic candidates embrace gun control despite political risks

Jul 30 2018

Aftab Pureval, a Democrat seeking to unseat a Republican congressman in Ohio, knows the political risks in calling for gun restrictions – and taking on the powerful National Rifle Association, which has spent more than $115,000 (£87,610) supporting his opponent over the years.

Under fire in Congress, Pompeo defends Trump's Putin summit

Jul 26 2018

State Mike Pompeo vigorously defended President Donald Trump’s foreign policy actions as senators from both parties denounced Trump’s behaviour, particularly at his recent summit with Russia’s Vladimir Putin.

Democrats with intel, military backgrounds tout service after Trump-Putin summit

Jul 21 2018

Abigail Spanberger, a former CIA officer running in a competitive congressional race in Virginia, is using the outcry over President Donald Trump’s meeting with Russia’s Vladimir Putin to press what she and other Democrats believe will be a powerful campaign theme.

Merkel's migrant deal hangs on Social Democrat, EU approval

Jul 04 2018

The center-right leader needs the backing of both her junior coalition partner and fellow European Union states if the plan is to succeed.

Chaos in Merkel's coalition after Seehofer dangles resignation

Jul 02 2018

Merkel will make a last-ditch effort to end a migration row with her conservative allies by holding talks with interior minister, whose offer to resign cast doubt over whether her fragile govt can survive.

Republicans might need an even stronger US economy to hold onto House

Jun 30 2018

Every 2 years, a small league of political scientists and economists fire up computer models they’ve developed to predict who will win the US congress elections in November.

US police chiefs oppose Trump move to detain immigrant families

Jun 27 2018

Police chiefs from across the United States, both Republicans and Democrats, on Wednesday urged the White House to find alternatives to detention of immigrant families given the risks it poses to children and its huge cost.

German SPD leader: Tensions over migrants, "waiting to see" on new election

Jun 27 2018

Situation in Merkel’s coalition is extremely tense, the leader of Germany’s Social Democrats Andrea Nahles said, leaving open the question of a possible new election.

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Stocks In News



Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports


Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports


To decide on buy back of shares on Aug. 20


Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports


Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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