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Enbridge, Spectra to Create Pipeline Giant

Houston-based Spectra, was formed in 2007 as a spin off of Charlotte, N.C. based Duke Energy's natural gas business . The terms of the deal call for Spectra Energy's stockholders to get 0.984 shares of the combined company for each SE share they own presently.

Business

JD Sports post 66% sales jump

With over 900 United Kingdom stores the brand attributes the jump in profits to a strong performance in sports fashion, with underlying sales rising by around 10 per cent. It said net cash at the end of the first half stood at 232 million pounds, more than double its 100 million a year ago. "We are the leader in the market".

Business

Anadarko Petroleum to buy Freeport's Gulf of Mexico assets for $2bn

Over the past 12 months (to end-June), the company sold 73,000 barrels of oil equivalent per day from these assets, compared with the 136,000bbl/d of oil-equivalent Freeport churned out in the June quarter. Additionally, the transaction expands Anadarko's infrastructure in the Gulf , adds to our unmatched inventory of low-priced, subsea tieback opportunities, and bolsters optionality with new exploration prospects.

Business

North Korea ready to conduct fresh nuclear test, says South

The man-made natural disaster, detected by USA instruments Friday at 5.3 in magnitude, was more powerful than any of the previous underground tests conducted by the government of North Korean leader Kim Jong Un - indicating that the weapon detonated with a yield of about 10 kilotons.

Business

US Open Final 2016: Stan Wawrinka defeats Novak Djokovic

Djokovic made a strong start by winning the first set but struggled after that. The world number one also suggested the injury to his left wrist had nearly caused him to withdraw before the tournament had started. He brings out your self-confidence. "I don't think it's necessary for me to talk about that now", he said. Wawrinka refuses to be featured in any "Big Five;" he feels the other four are much more consistent.

Business

Goldman slashes September rate-hike odds to 25% after Fed's Brainard comments

About 7.8 billion shares changed hands on US exchanges, well above the 6.3 billion daily average for the past 20 trading days, according to Thomson Reuters data. The Dow Jones industrial average jumped 251 points, or 1.4 percent, to 18,336 as of 3:05 p.m. The dollar was lower after Brainard's remarks, trading at 101.59 yen in early trade in Tokyo, down from 101.85 yen in NY late Monday.

Business

Black Lives Matter Protest Blocks Flights at London Airport

The group called environmental inequality a "racist crisis" which disproportionately affects black people both in sub-Saharan Africa and the UK. Scotland Yard said it was investigating claims they got onto the runway from the Thames. BLM started in the United States as a reaction to fatal shootings of Black people by white USA police officers. The Black Lives Matter movement began in response to perceived police brutality against African Americans.

Business

Major constituency changes proposed for Northumberland

Yvette Cooper, Tristram Hunt and Labour leadership challenger Owen Smith are other MPs whose seats would be affected. Once the consultation has taken place the BCE must report back to Parliament in 2018 and, if agreed by Parliament, the new constituencies will be in use at the next scheduled General Election in 2020.

Business

Dollar falters amid mixed Fed rate signals

The S&P 500 posted 2 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 32 new highs and 44 new lows. The euro rose to $1.1241 from $1.1228. European indices in France, Germany and the United Kingdom fell by up to 2 per cent. That helped take technology stocks higher. Spot gold was up about 0.3% at $1,330.41/oz by 3.35am GMT.

Business

Reporter who documented guard dogs charged with trespassing at pipeline protest site

The three government agencies said in their joint statement that, "important issues raised by the Standing Rock Sioux Tribe and other tribal nations and their members regarding the Dakota Access pipeline specifically, and pipeline-related decision-making generally, remain".

Business

US Stocks Jump as Comments from Fed's Brainard Calm Investors

The Shanghai Composite index fell 0.2 percent and markets in Southeast Asia were mostly lower. "We can stick with our main scenario that the Fed won't raise rates in September". German 10-year government bond yields DE10YT=TWEB , the benchmark or euro zone borrowing costs, fell 1.4 basis points to 0.03 percent, having turned positive on Friday for the first time since Britain's June 23 vote to leave the European Union.

Business

Volkswagen engineer pleads guilty in United States diesel emissions probe

While repairs have begun on another 10.5 million vehicles VW sold overseas, no effective fix has yet been found for meeting the tougher USA emissions standards. "I knew that Volkswagen did not disclose the defeat device to USA regulators", Liang said in court. Mark Chutkow, chief of the criminal division for the U.S.

Business

Gocompare to demerge from esure

Following the conclusion of the review, it now plans to demerge Gocompare.com Holdings Ltd from the group through a separate listing on the main market of the London Stock Exchange. "We are all focused on the implementation and evolution of the Gocompare.com strategy, which we believe will continue to enhance Gocompare.com's business performance".

Business

Asian markets gain on US Fed governor's dovish comments on rate hike

People walk by an electronic stock board of a securities firm in Tokyo , Monday, Sept. 12, 2016. "The more cautious they are, the more sensitive the market becomes", he said . Low rates have fueled a steady rise in stock prices as investors put their money in high-risks stocks instead of low-interest savings accounts or bonds.

Business

Gold edges up as dovish Fed comments lower rate hike prospects

The Fed should avoid removing support for the USA economy too quickly, Board Governor Lael Brainard said on Monday in comments that solidified the view the central bank would leave rates unchanged next week. Against the yen, the dollar slid to 101.72 yen from Monday's high of 102.82 yen. Asian stocks rose early on Tuesday, buoyed by an overnight rally on the Wall Street.

Business

Olive Garden?s unlimited pass becomes key tactic

All you can eat pasta? This year, Olive Garden will be selling a whopping 21,000 passes, starting on Thursday, September 15 at 2 p.m. ET, so make sure to set your alarm now. Guests can enjoy unlimited pasta for seven weeks beginning October 3 either using the $100 pass (which covers the entire seven weeks) or $9.99 each time they dine, within the timeframe.

Business

Army chief to visit JK today

The Minister, who is leading an all-party delegation on a two-day visit to assuage the volatile situation in the Valley, said the entire country and Parliament are pained by the situation in Kashmir . At the meeting, lawmakers also discussed the limitations of reviewing the enforcement of the Armed Forces (Special Powers) Act in the Valley. Singh described their visit as positive but he lashed out at the separatists for their refusal to meet MPs.

Business

Ravens' defense carries team in season opener

That group delivered impressive performance against the Bills. That doesn't bode well for a Bills offense that came off as badly overrated in the opener. Buffalo failed to convert on a pair of 3rd-and-1s and a 3rd-and-2, all of which were run plays including a 3rd-and-goal at the one-yard line. THE PENALTY that irritated Ryan, though, was a 15-yard leveraging infraction on a Baltimore field goal attempt by defensive tackle Jerel Worthy.

Business

Bank of England Official On Benchmark Review To Step Down

The LSE is familiar territory for the former International Monetary Fund deputy managing director as she earned a Master's in Economics at the school, which is part of the University of London. With her wide-ranging remit, many of her speeches focused on operational matters, market misconduct and banker behavior. A senior figure at the Bank of England has been appointed as the new head of the London School of Economics (LSE).

Business

Bengal CM to distribute 800 cheques to Singur farmers on Sep 14

The Supreme Court had on August 31 ruled that the land acquisition process in Singur was faulty and not for public goal and had directed to return it to the farmers within 12 weeks. We hope they (the Tatas) will remove them within the next two-three days. As for whether new industrial units will be set up in Singur, Mr. Chatterjee said only the farmers could take a call on the matter.

Business

A Fed official just poured cold water on a September rate hike

In a speech in Chicago, Brainard said that the risk that higher rates will damage a fragile economy exceeds the risk that higher rates will ignite inflation. We have seen a slight calming of nerves though, and traders were more than happy to buy risk assets and emerging market assets, such as equities, into Brainard's speech.

Business

Five things To know: Lots of records at the Rio Paralympics

Cox was tearful on the podium, recalling her two-year journey from stroke symptoms in May 2014 which were later diagnosed as MS, a progressive disease which made her determined to compete in two sports in Rio. Meanwhile China maintained her lead on the overall medals table with 41gold, 33silver and 24bronze while Britain with 24 gold is second, Ukraine is third with 19 gold and United States of America remains fourth with 13 gold.

Business

Greece urged to speed up reforms to get more bailout cash

Greece's left-wing Prime Minister Alexis Tsipras, together with Italy's Renzi, French President Francois Hollande and the leaders of Portugal, Cyprus and Malta, will also be discussing investment and job creation, as well as security. Delays by Athens make it easier "for creditors to hide their differences and blame Greece". Looking back on the recession that wracked Greece, Tsipras said that over five years "a quarter of our national wealth was destroyed, disposable income fell by 40 ...

Business

Why Brock Turner left jail early

The protesters were particularly angry about the early release of Turner, who just served half of his six-month jail term. Persky ordered the six-month sentence for Brock Turner, a Dayton, Ohio , resident who had been attending Stanford on a swimming scholarship.

Business

Farm workers overtime bill approved

So did Republican Frank Bigelow, whose district includes the central Sierra Nevada. Thousands of workers walked off farms in 1970, picketing for farm owners to recognize and negotiate fair labor conditions with the union that Chavez had established almost a decade earlier.

Business

Oil Declines as U.S. Crude Stockpiles Seen Expanding Oversupply

Traders are now fixed on a meeting of OPEC countries and non-cartel member Russian Federation in Algeria later this month. "This has been mainly due to a lower-than-expected decline in U.S. This represents a decline of 20,000 bpd year-on-year and reflects an upward revision of 10,000 bpd from the August report. According to secondary sources, OPEC production ticked lower last month, as an increase from Iran and Saudi was offset by losses from Nigeria, and to a lesser extent, Libya.

Business

Blanchett, other movie stars spotlight plight of refugees

As a UNHCR Goodwill Ambassador, I believe the very least each of us can do is work together to ensure refugees have the basics with which to build back their lives - an education, somewhere safe to live, the ability to work", Blanchett added.

Business

Samsung shares plunge over smartphone explosion debacle

Pakistan International Airlines (PIA) has stopped passengers from carrying the recently-launched Samsung Galaxy Note 7, following reports of the smartphone's batteries exploding, officials said on Sunday. The world's largest smartphone maker scrambled to address the problem last week, recalling 2.5 million Note 7 phones and vowing to replace all the devices which have been handed in.

Business

Asian stocks advance after worries over Fed rate hike ease

Presidents of the Fed's regional banks are far more likely to cast dissenting votes. This morning, the USA dollar broadly weakened, falling 0.4% against the Indonesian rupiah, 0.7% against the Malaysian ringgit, and 0.3% against the Japanese yen.

Business

Deadline Extension Granted in China/Canada Canola Dispute

Trudeau, who leaves for China on Monday, will focus on building the economic connection between the two countries. On Friday, he described the trip as something of a "reset" in the relationship. This is the first official visit of Trudeau to China since taking office in November 2015. He is scheduled to meet with both Premier Li Keqiang and President Xi Jinping Wednesday.

Business

Trump wants Clinton well for debate

Clinton had been seeking to bounce back from a campaign blunder Friday, when she told donors that half of Trump's supporters belonged in a "basket of deplorables" - so Sunday's episode was certainly ill-timed. Clinton admitted: "If we weren't fast enough, you know, I've talked to my staff, we, you know, take responsibility for that". "I'll be lucky to hold her back another day".

Business

Greek unions stage large protests as more austerity looms

A Syrian woman carries a plastic bag with garbage at Ritsona refugee camp north of Athens , which hosts about 600 refugees and migrants on Thursday, Sept. "The Maltese economy has nearly nothing in common with the economies of the other countries here today", Muscat said. More than a million refugees and migrants traveled across Greece since the start of a year ago and authorities are struggling to cope with 60,000 people stranded here by European border closures.

Business

Mike Ashley blames unions and MPs for Sports Direct woes

He added that workers could not rely on "bad publicity" to stamp out every instance of employers mistreating their staff and called for a ban on zero-hours contracts. Company owner Mike Ashley told MPs from the Business Select Committee in June that staff were not paid during security searches at the end of their shift, meaning they took home less than the minimum amount required by law.

Business

M&S announces departure of exec director Laura Wade-Gery

Wade-Gery, multichannel director of United Kingdom retail and online operations, will receive a payoff worth up to £2.4m in cash and shares, although only about £560,000 of that is guaranteed and the rest dependent on the performance of M&S over the next few years.

Business

United States stocks leap as investors hope for steady interest rates

In 2.53pm trading, the Standard & Poor's 500 Index advanced 1.5 per cent. This lack of urgency to raise rates sees market pricing of Fed rate hikes diminish, with the September meeting priced at just 5 bps or a 20% probability of a 25 bp hike, down from circa 30% on Friday.


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