Finance


Tropical Storm Hermine batters US East Coast through weekend Tropical Storm Hermine batters US East Coast through weekend
- September 18, 2016

Hermine, which already caused Gov. Christie to declare a state of emergency Saturday, was moving at 12 miles-per hour in an East-Northeasterly direction as of 5 a.m. Forecasters said the system could strengthen back into a hurricane Monday through Wednesday as it moves on an offshore path from the waters of Maryland to CT, before weakening again off New England. (more...)
Activist Needmor calls on Wells Fargo to split Chair-CEO roles Activist Needmor calls on Wells Fargo to split Chair-CEO roles
- September 17, 2016

The bank also said it discovered the problem itself and has fired 5,300 workers for improper sales practices since 2011. The senators ask for a response before September 19, a day before Stumpf is scheduled to appear before the Senate Banking Committee. (more...)
Hillary Clinton's New Medical Report
- September 16, 2016

The letter states the Democratic presidential nominee "is recovering well with antibiotics and rest", said Dr. Lisa Bardack , Clinton's doctor. Clinton was at home in Chappaqua, New York for a third straight day Wednesday, recovering from a health scare that has rocked her bid to become's America's first woman president. (more...)
India set for broadband disruption with Jio launch India set for broadband disruption with Jio launch
- September 16, 2016

The Reliance company's target is to expand its network services all over India and hold huge target customers national wide. The advertisement comes a day after Reliance held an AGM on Thursday to announce the key features and packs of 4G network Jio. (more...)
Group wants Donald Trump Jr. to apologize over 'gas chamber' remark Group wants Donald Trump Jr. to apologize over 'gas chamber' remark
- September 16, 2016

He said what? Donald Trump Jr. referenced the Holocaust while criticizing what he believes is the media's protection of Hillary Clinton during a radio interview on Wednesday, September 14, and people are not too pleased. "This is the real Trump", independent presidential candidate Evan McMullin tweeted. Criticism of Trump's comment was quick to follow. "He should apologize immediately", Cooper said. (more...)
Adult audiences drive 'Sully's' big $35.5 million landing
- September 16, 2016

The animated feature The Wild Life has banked little more than $20 million during a whirlwind late summer tour around the world, and only added $3 million during its fifth place domestic debut weekend. DC's Suicide Squad came in at No. 4, bringing in another $5.6 million. It likely won't have a lot of legs to it but it'll do well overall, though less than the similarly themed film The Perfect Guy , which arrived the same time previous year and did $25 million for its opening. (more...)
US, Russia talks on Syria to go into Monday; no deal yet US, Russia talks on Syria to go into Monday; no deal yet
- September 15, 2016

But, was it a deliberate snub? He made the comment in a televised news conference in southern Davao City. And then there were the altercations . China was angered when Australia blocked the A$10 billion ($7.7 billion) sale of the country's biggest energy grid to Chinese bidders last month. (more...)
Ford expects lower profit in 2017 Ford expects lower profit in 2017
- September 15, 2016

Fiat Chrysler Automobiles also said earlier this year it will end production of all cars in the U.S.by the end of this year. Ford has finally confirmed that its entire line of small cars will soon be built in Mexico. And we think its stock price has almost unlimited room to run for early in-the-know investors! Republican presidential nominee, in particular, has singled out Ford for moving jobs to Mexico. (more...)
Samsung Australia recalls over 50000 Galaxy Note 7 Samsung Australia recalls over 50000 Galaxy Note 7
- September 15, 2016

In the USA, the South-Korean player has launched an exchange offer for those who bought the Galaxy Note 7 units; users can go for Galaxy S7 or S7 edge in place of the Note device. The man says his Samsung Galaxy Note7 exploded in his hotel room in Perth, Australia. Samsung take this step because of the Apple's iPhone 7 launch this month. (more...)
Australian Airlines Ban Galaxy Note 7 Use On Their Planes Australian Airlines Ban Galaxy Note 7 Use On Their Planes
- September 15, 2016

The supersized smartphone received great reviews in the first few days but things haven't gone well for the company. Samsung said that it will start giving courtesy devices for those who had to return their Note 7 phones from September 7. (more...)
Bayer to Buy Monsanto in $65Bln Deal
- September 15, 2016

However, competition authorities are likely to scrutinise the tie-up closely, and some of Bayer's own shareholders have been highly critical of a takeover plan which they say risks overpaying and neglecting the company's pharmaceutical business. (more...)
Based Golfsmith seeks Chapter 11 bankruptcy protection Based Golfsmith seeks Chapter 11 bankruptcy protection
- September 15, 2016

Private equity-backed Golfsmith International Holdings began Chapter 11 play on Wednesday with the intent of reorganizing its USA operations and liquidating its Canadian business. Golfsmith has been headquartered in Austin since 1973. According to documents the company owes between $100 million and $500 million to creditors. The Company intends to use these proceeds to repay a substantial portion of the Company's first lien credit facility to reduce leverage and interest costs while the ... (more...)
Fewer Iowans lack insurance, Census report says Fewer Iowans lack insurance, Census report says
- September 14, 2016

The 2014 rate - part of the first comprehensive Census data to include a full year of enrollment under President Obama's signature health law - marked the first time Texas' uninsured rate fell below 20 percent in more than a decade. "In 2015, private health insurance continued to be more prevalent than public coverage, at 67.2 percent and 37.1 percent, respectively", said the report. (more...)
Dublin based Horizon to buy Raptor for $800m Dublin based Horizon to buy Raptor for $800m
- September 14, 2016

The Ireland-based drug developer stated Monday that the accord will strengthen its business in the U.s.and provide a platform to expand in Europe and other worldwide markets. The last stock price close is up 7.92% relative to the two hundred day moving average, compared with the S&P 500 Index which has not moved over the date range. (more...)
Hillary Clinton says may restart campaigning in a 'couple of days' Hillary Clinton says may restart campaigning in a 'couple of days'
- September 14, 2016

Chuck Schumer (D-NY) told Clinton he had pneumonia a few weeks ago , too. "There's no other undisclosed condition". That was a mistake, Fallon said. "I probably would have been better off if I pulled my schedule Friday", Clinton said. "I could feel how hot and humid it was". "Shouldn't she have been transparent and released that information to the public right away?" His efforts to raise questions about Clinton's stamina mirror that strategy. (more...)
Starboard buys into drugmaker Perrigo and pushes for changes Starboard buys into drugmaker Perrigo and pushes for changes
- September 13, 2016

Starboard says Perrigo shares have fallen sharply since it rejected a takeover bid from rival Mylan NV previous year and that its plans to improve the company on its own did not pan out. Tysabri, which Perrigo picked up with the $8.6 billion acquisition of Dublin-based Elan Corp. plc in 2014, should generate an estimated $360 million in royalty payments to Perrigo this year, according to Starboard Value's letter. (more...)
Libyan general seizes key oil terminals from militia Libyan general seizes key oil terminals from militia
- September 13, 2016

All three Mediterranean ports are in Libya's "oil crescent", which is seen as a vital source of income for the Tripoli-based Government of National Accord (GNA), which has struggled to assert its authority. If the terminals are operational again and oil exports resume, the revenues, together with a continuing political impasse, could provide the eastern region with a strong temptation to declare self-rule. (more...)
Fed's Kashkari sees little urgency on rate hike Fed's Kashkari sees little urgency on rate hike
- September 13, 2016

Federal Reserve Bank of Atlanta President Dennis Lockhart repeated his call for a " serious discussion " about raising interest rates at the USA central bank's meeting later this month, even after some recent disappointing economic indicators. (more...)
US Secretary of State on 2-day India visit for economic partnership US Secretary of State on 2-day India visit for economic partnership
- September 13, 2016

Kerry, who was forced to cancel his trip to three religious sites on Wednesday in the city after incessant rains in the national capital. In his speech at IIT, Kerry said, "The US continues to call on China and the Philippines to abide by the (UN) tribunal's recent decision (recognizing Beijing had violated Manila's rights in South China Sea) which is final and legally binding on both parties". (more...)
Hilfiger turns Fashion Week into a carnival _ no, a real one
- September 13, 2016

People might need a break from me". This image taken from video shows, from left, TV personality Yolanda Hadid, singer Taylor Swift, model Martha Hunt and Formula One racer Lewis Hamilton at the the Tommy Hilfiger Fall 2016 collection at Fashion Week in New York, Friday, Sept. (more...)
Amazon Plans Dozens Of Pop Up Stores Amazon Plans Dozens Of Pop Up Stores
- September 13, 2016

These stores will be 300- to 500-square feet and will carry Amazon hardware, but differ from Amazon's recently opened brick and mortar location. Amazon has announced that it will be launching around 100 pop up stores in the United States and the company will be showing off a wide range of its devices at the pop up stores. (more...)
Micro Focus buys Hewlett Packard Enterprise software assets for $8.8 billion
- September 13, 2016

Micro Focus , headquartered in Newbury, said the proposed deal with HPE Software is a "rare opportunity" to significantly increase Micro Focus' scale and breadth. Analysts say CEO Meg Whitman aims to better position the company vs. Dell Technologies, following its just-completed acquisition of EMC, as large companies shift spending to cloud computing services. (more...)
9/11 anniversary marked at Flight 83 crash site 9/11 anniversary marked at Flight 83 crash site
- September 13, 2016

Almost 3,000 people were killed. He urged Americans to view the anniversary of the attacks as an opportunity to "reaffirm our character as a nation" and, in what could be interpreted as a veiled reference to Trump's immigration proposals, "not to let others divide us". (more...)
Carson Wentz leads Eagles past Browns 29-10 Carson Wentz leads Eagles past Browns 29-10
- September 13, 2016

We had good pressure on him a lot today and he never flinched. The Browns finally got going in the second quarter. And Wentz's statistics would have been even more impressive on Sunday, but at least five of his passes were dropped. Trailing 10-0, the Browns got back into the game thanks to one big play and one big penalty. After a pass interference call against Malcolm Jenkins negated a stop on third down, Isaiah Crowell ran in from the 2 to cut it to 10-7. (more...)
SLI takes stand against Sports Direct board
- September 12, 2016

The company is trying to assuage concerns of investors, who are running out of patience with the embattled company and its billionaire founder Mike Ashley. Sports Direct has already commissioned a second review of working practices to monitor progress, but Ms Hamilton-Claxton said this review needed to be conducted under a new chairman "otherwise we are unlikely to see change". (more...)