Anti-capitalist protesters spoil inauguration of ECB’s new $1.4 billion tower

Anti-capitalist protesters spoilt the inauguration of the European Central Bank's (ECB) new headquarters in Frankfurt. More than 10,000 protesters descended on the euro area's financial capital hours before the ceremonial opening of the billion-euro ($1.4 billion) tower.

Several cars were set on fire and streets were blocked by burning stacks of tyres and rubbish bins. The protesters clashed with riot police and also set off smoke bombs and threw stones, glass and corrosive substances.

Police officers deployed water cannons to keep the demonstrators at bay in the area surrounding the building.

Grand Island’s Animal Advisory Board makes a change to Proposed Regulations on Beekeeping

On Tuesday, Animal Advisory Board of Grand Island made a change to proposed regulations on beekeeping. The regulations allow people to keep two beehives per lot within the city limits.

According to the board, people must have to place a 'bee hives present' sign on fencing surrounding the bee hives. The sign idea was brought up by Laurie Dethloff, director of Central Nebraska Humane Society. She asked the board, "Do you think it would be proactive to identify within a certain area that there are bees so that somebody who would have an allergy would be more cautious?"

Fannie, Freddie need More Bailouts

Regulators of the United States housing finance companies Fannie Mae and Freddie Mac said on Wednesday that the mortgage loan companies could require more bailouts from United States taxpayers as risks are increasing because of shrinking reserves.

The two companies were bailed out by Washington in 2008 at height of the financial crisis. That time, the companies were ordered to reduce their capital buffers.

In an earlier report, Federal Housing Finance Agency Office of Inspector General said that future profitability is far from assured. The Inspector General also pointed out that Fannie Mae and Freddie Mac could again overcome losses on their derivatives portfolios, same to those that they reported in the fourth quarter.

Premera Blue Cross suffers Cyber-Attack

Healthcare insurance provider Premera Blue Cross revealed that it faced a cyber-attack that might have exposed medical records and financial information that belong to more than 10 million customers.

According to the health insurer, the attackers might have gained access to data involving clinical information, banking account numbers, birth dates, Social Security numbers and other data. Premera said that the attack took place last year.

Lufthansa pilot Union to Extend Strike to Long-Distance Flights on Thursday

Lufthansa pilots are on strike leading to cancellation of hundreds of flights. Due to strike Wednesday that grounded some 750 flights affected around 80,000 passengers. Most of the flight were domestic or within Europe.

The strike is active on short and medium haul operations. The Vereinigung Cockpit union said that on Thursday, it would extend its strike to long-distance flights. In past few months, the union has hit many Lufthansa units resulting into walkouts.

The argument is over the airline's plans to scarp transition payments for pilots to want to take early retirement. But the union wants no changes and payments to be maintained.

Starbucks Employees to Discuss about Race Relations with Customers

Starbucks CEO Howard Schultz is encouraging his employees to discuss about race with their customers. Earlier also, the coffee house chain has involved itself into debates about same-sex marriage and gun control.

In fact, two years ago an investor said that the company's support for gay marriage in Washington State had affected sales. Lately, Starbucks came up with a full page ad in the Sunday New York Times having the headline 'Shall We Overcome?" and the words "Race Together" were included in the company logo.

On Monday also similar advertisement was published in USA Today. Starbucks wants to initiate conversation about race in America.

Pages

News in Focus

Raymond Realty Share Price Target at Rs 700: ICICI Direct

ICICI Direct has initiated coverage on Raymond Realty with a Buy rating and a net-asset-value-based target of Rs 700, implying roughly 23 percent upside from the prevailing Rs 568.

Apeejay Surrendra Park Hotels Share Price Target at Rs 156:Prabhudas Lilladher Research

Prabhudas Lilladher has retained its BUY rating on Apeejay Surrendra Park Hotels after a management meeting, holding a sum-of-the-parts target of Rs 156 against a current price of Rs 112 — an upsid

Kirloskar Oil Engines Share Price Target at Rs 2,850: ICICI Securities

ICICI Securities has initiated coverage on Kirloskar Oil Engines with a BUY rating and a sum-of-the-parts target of Rs 2,850, implying about 28 percent upside from the current price of Rs 2,230.

Comprehensive vs Bumper-to-Bumper Car Insurance: Key Differences

Understanding different coverage options helps you choose the right car insurance.

Prestige Estates Projects Share Price Target at Rs 1,805: Axis Securities

Axis Securities has issued a BUY call on Prestige Estates Projects under its Axis PUNCH medium-term product, setting a target of Rs 1,805 against a current price of Rs 1,644 for an upside of about

LG Electronics India Share Price Could Reach Rs 2,141: Ventura Research

Ventura Research has initiated coverage on LG Electronics India with a BUY rating and a 24-month target of Rs 2,141, implying about 27 percent upside from the current price of Rs 1,688.