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Chief Baker issues statement on Standing Rock ruling

Owned by Dallas-based Energy Transfer Partners , the $3.8 billion, 1,172-mile project would carry almost a half-million barrels of crude oil daily from North Dakota's oil fields through South Dakota and Iowa to an existing pipeline in Patoka, Ill., where shippers can access Midwest and Gulf Coast markets.

Business

Philippine President: US Troops Stationed in the Country 'Have to Go'

When the American forces withdrew in February previous year, US officials said a smaller contingent of USA military advisers would stay. "If they see Americans there, they will really kill them. "Maybe we'll just have to decide to separate from the United Nations", Duterte said. Asked about Duterte's comments Monday, White House press secretary Josh Earnest said that he was not surprised given the "tendency of this individual to make some rather colorful comments".

Business

Brazil's Congress Ousts Former House Speaker Eduardo Cunha

He was nominally removed upon the recommendation of the house ethics committee for having lied to Congress about having secret bank accounts in Switzerland. Cunha, who said the accounts belonged to a trust, was pressured into resigning as speaker after the accounts came to light, but he had refused to give up his post as a lawmaker.

Business

Teenager charged with planning London bombing

British police say a London teenager has been charged with preparing acts of terrorism. "This defendant was attempting to carry out a terror attack on the scale of 7/7 or something like that". The man, 61, was held at around 4.10pm on suspicion of "possessing an article for a objective connected with the commission, preparation or instigation of an act of terrorism".

Business

Europe demands YouTube pay more to artists

The commission said it wants to address the concerns of artists who see the value of their work plummet once it appears on-line for free. The body which represents the British music industry said this week that YouTube was still not paying artists enough for their music.

Business

Fed's Brainard Calls for "Prudence" in Raising Interest Rates

Spot gold may revisit a low of $1,301.91 per ounce, as indicated by its wave pattern, a Fibonacci retracement analysis and a falling channel, according to Reuters technical analyst Wang Tao. Holdings in gold-backed exchange traded funds added 0.6 metric ton to 2,020.3 tons on Monday, data compiled by Bloomberg show. In the United Kingdom, inflation rose 0.6% in the year to August, unchanged from July's growth but below estimates for a 0.7% increase, the Office for National Statistics revealed.

Business

Americans got raise past year for first time since 2007

Median incomes are still lower today than in 2007. The data released Tuesday was widely anticipated because evidence from other sources suggested it was likely to show a strong increase in household incomes previous year. This is a stunning report , indicating that middle income earners in the U.S.at long last are experiencing some relief after the Great Recession - a development that bodes well for retailers that have struggled to cater to households wary of the state of their finances.

Business

Democrats Make History As Household Income Increase Crushes GOP Change Argument

However, the statement noted that household incomes remained 1.6 percent lower than in 2007, the year before the global financial crisis, and were 2.4 percent lower than a peak in 1999. "For every family who hasn't yet felt progress these past eight years, we've got more work to do - we know that". Average income for upper-class households is $118,847.

Business

Samsung offers exchange for Galaxy Note 7 in Bahrain

While you can still carry your Galaxy Note 7 on board the plane, you are not allowed to use it before and during flights, and probably even when you land. The FAA is reportedly working on guidance for airlines in the U.S. concerning the issue with the Galaxy Note 7 and fire risk. " Samsung is taking a proactive approach to address customer needs around the Galaxy Note 7 ", said Ismail Yoon, the president of Samsung Gulf Electronics.

Business

Rider Assaults Conductor on Train at Essex Street Station: MTA

Witnesses told police that when the conductor opened the door to her booth, it struck the officer, who was on the train. When she got up, she pulled the emergency brake, stopping the train in its track halfway into the tunnel. Commuters were stuck on the train for up to an hour. The conductor, who had been working for the MTA for just over three years, and another passenger were taken to Beth Israel Hospital.

Business

Samsung China to recall 1858 Galaxy Note 7 smartphones - watchdog

It's still unclear whether the software update will be extended to users in other countries like the United States and Canada. In the meantime, the South Korean company halted sales of the Galaxy Note 7 until all customers who bought one get them replaced or switch to a different smartphone.

Business

JP Morgan Leapfrogs Over Wells Fargo in Market Capitalization

Politicians are calling for an investigation, and Wells Fargo and regulators are expected to testify in the Senate next week. Warren Buffett's Berkshire Hathaway is the biggest shareholder in the bank with more than nine percent. Tolstedt, who was often on Fortune's list of the Most Powerful Women, had a $1.7 million salary at Wells Fargo . What is Wells Fargo going to do with Tolstedt? Debit cards were issued and activated, and PINs created, without telling customers.

Business

Bayer signs deal to acquire Monsanto for $66 billion

One year ago, this sector had over six global players. It was the third time in four months that Bayer returned with a richer offer to sell the acquisition to Monsanto , and hopefully, its shareholders. The Bayer-Monsanto deal will be the largest ever involving a German buyer, beating Daimler's tie-up with Chrysler in 1998, which valued the US carmaker at more than $40 billion.

Business

Singapore Airlines drops Airbus A380 plane

The news comes after Airbus more... "This will offer a great opportunity for new entrants with new business models to start operating the A380", a spokesman for Airbus said. Singapore Airlines will announce on a later date its plans on the other four Airbuses . He said demand for the A380 worldwide has struggled recently "not because it's not a good aircraft but because Airbus has produced another aircraft - the A350 - which has far better economy and residual value than the A380".

Business

'Tremendous Risks' are in the Market, Billionaire Investor Carl Icahn Says

Earlier this month, Icahn Enterprises bought auto-parts manufacturer Federal Mogul, a company, like Herbalife, that Icahn already had a significant stake in. "They make good products", he said, adding that he personally does not enjoy its weight-loss shakes because they gave him "a lot of gas". Ackman and Icahn have now spent years sparring over Herbalife.

Business

RCom, Aircel merge to create Rs 65000 crore telecom giant

They announced the merger of the wireless business of RCom and Aircel into a third entity - a move that would not only combine their total presence in the market but also significantly reduce their debt. The new company that would be formed will have the second-largest spectrum holding of 448 MHz across the 850, 900, 1800 and 2100 MHz bands, across all 22 circles, and spectrum will be valid till 2033-35.

Business

Some improvement for Israel's Peres but condition still critical: hospital

Dr Rafi Valden said Mr Peres squeezed his hand when the sedation was reduced, appearing to be "awake and listening". On the Right, Likud MK Amir Ohana said that even though his political camp often disagreed with Peres, certainly about the Oslo Accords, it wishes him a speedy recovery, good health and a long life as someone who always wanted what's good for Israel .

Business

Wells Fargo Will End Sales Goals After Settlement Over Alleged Fake Accounts

The Wall Street Journal reported Monday that Wells Fargo had instructed some customers to stop cross-selling multiple bank products. In 2014, Wells Fargo specifically cited "strong cross-sell ratios" as a factor behind Tolstedt's multi-million dollar pay.

Business

Allergan to buy Vitae Pharmaceuticals in $639m deal

The deal adds to Allergan's dermatology pipeline with a first-in-class Phase 2 psoriasis treatment, as well as a topical Phase 2 compound for the treatment of atopic dermatitis. The specialty of Vitae's research and development (R&D) team has helped it stand out, and make first-in-class treatments for such challenging diseases.

Business

Wells Fargo CEO is 'sorry' -- but he's not stepping down

The sales goals will be eliminated by January 1, the San Francisco-based bank said Tuesday. As first noted by Fortune Magazine, Ms. Tolstedt, 56, retirement package is expected to reach almost $125 million, including thousands of shares of Wells Fargo stock, options, and restricted shares.

Business

Oracle Corp.'s (ORCL) Buy Rating Reaffirmed at Barclays PLC

Presently, Analysts decided consensus EPS estimate of $0.58 for present quarter and one month ago projected EPS estimate was at $0.58. The company earned $10.60 billion during the quarter. The investment management firm now holds a total of 365,908 shares of Oracle Corporation which is valued at $15,035,160. Oracle Corporation makes up approximately 1.87% of Busey Trust Co's portfolio.

Business

FOREX- Dollar gains as focus turns to December Fed rate hike

The STOXX 600 index fell 1 percent but remained above a five-week intraday low hit on Monday, while volatility, an indicator of investor nervousness, also resumed its rise to end up 4 percent. The move comes a little more than a year after activist investor Carl Icahn disclosed that he bought a stake in Freeport-McMoRan. Of the 30 stocks on the Dow average, only Apple traded higher.

Business

Sports Direct's Mike Ashley to face shareholders' showdown at AGM

It also sought to quash speculation that Ashley would capitalise on the company's depressed share price by buying back the business he founded in 1982. The meeting also saw independent shareholders vent their anger at chairman, Dr Keith Hellawell, with 53 per cent voting against his re-appointment.

Business

Buffett loses US$1.4 bln as Wells Fargo tumbles on scandal

Berkshire Hathaway Inc., the lenders biggest shareholder, fell 2 percent, causing the 86-year-olds fortune to drop more than anyone elses on the Bloomberg Billionaires Index . According to Bloomberg , the founder of Inditex Armancio Ortega lost $3,3 billion, while Bill Gates lost $2,4 million dollars in less than a week.

Business

Trump visiting Flint to denounce govt role in water crisis

Trunp's visit also coincides with the Impact Network's 9 p.m. Wednesday airing of Bishop Wayne T. Jackson's September 3 interview with the real estate developer at Great Faith Ministries. The visit comes less than two weeks since his last stop in MI, when he worshiped at a Detroit church.Democratic presidential candidate Hillary Clinton speaks at the House Of Prayer Missionary Baptist Church, Sunday, Feb.

Business

U.S. household incomes rise in first since recession

This marks the first time since 2007-the year before the Great Recession-that median household income has increased at all. After years of glacial economic growth and stagnant wages, the median household enjoyed a almost $3,000 income boost in 2015.

Business

With sport's popularity fading, Golfsmith files for bankruptcy

Bankruptcy Court in Wilmington, Del. Fairfax and CI, which together hold more than 40 percent of Golfsmith's second-lien secured notes due 2018, will help Golfsmith recapitalize and restructure its USA business. Private equity investor Ontario Municipal Employees Retirement System owns Golfsmith and shanked the 2012 investment by acquiring it in a $97 million leveraged buyout, which put the company in deep debt at the same time interest in golf waned.

Business

Pradhan mulls replicating Singapore's petrochemical complex in India

Pradhan in his tweets added that he visited the Jurong Island at Sembcorp, that provides all common utilities to the industries in the 35 sq km island. Britain is India's 12th largest trading partner and the third largest investor in India with $23 billion in investment between April 2000 and March 2016.

Business

Vodafone Buys Lebara Mobile's Australian MVNO

As a mobile virtual network operator, Lebara had rented capacity on Vodafone's 4G network to serve its own customers, who tend to be drawn from migrant communities. Vodafone says it will be business as usual with the takeover of Lebara. "The Australian market is experiencing massive price competition and with similar offerings targeting Lebara's traditional customer base".

Business

Saudi Arabia tops United States as world's biggest oil producer

The Oil is somehow expected to drop further because the oil supply continues to increase and the demand remains low, fundamentally the rate could drop again because the OPEC is not able to freeze the Oil price. The increase by Iran, which has been recovering from years of economic sanctions following the global agreement limiting its nuclear program, has been swifter than the IEA expected.

Business

Mel and Sue quit as hosts of 'The Great British Bake Off'

However, the BBC was said to have offered up to twice its current production fee but Channel 4 put up even more cash, although Love Productions insisted it wasn't about the money. The whole family loves it, ' he said. "But they have always said they are in it together", the source continued. GBBO has been with the BBC since its inaugural season in 2010.

Business

Median household incomes just surged in the largest increase on record

The official poverty rate decreased to 13.5 percent for a year ago, a drop of 1.2 percentage points. Still, the government's annual report on incomes and poverty portrays an economy that is finally starting to benefit a wider range of Americans, roughly six years after the recovery began.

Business

Wells Fargo CEO John Stumpf says he will not resign

When we contacted Wells Fargo to ask about the situation Tuesday, senior vice president Mark Folk said Tolstedt is remaining with the company through December to help the transition process. "Forget about substantially curbing the CFPB's powers", he wrote. In a letter addressed to Shelby, Warren, along with Sens. The assertions here are nearly beyond belief in an age when every bank knows that the CFPB is looking at the cross-selling of products.

Business

Mike Pence Returns to Capitol Hill to Huddle with Republicans

Blitzer recounted Clinton's comments and appeared to throw Duke's name into the question nearly as an afterthought, a settled case of a clearly deplorable human, right? "Blitzer asked." I mean, right? Pence told House Republicans in the closed-door meeting that he didn't know Trump when they first met, but had gotten to know him well, citing what he said was Trump's kindness and things he's done to show that he's different than what people see on TV.

Business

Asian markets tumble after Wall Street skids on U.S. rate outlook

The yen weakened against the dollar on a Nikkei report that the Bank of Japan plans to make its controversial negative interest rate policy the centerpiece of future monetary easing. However, U.S. stock futures were both down 0.7 per cent, pointing to a lower open for U.S. shares. Brent crude LCOc1 was down 0.3 percent at $48.16 a barrel after rising 0.65 percent overnight on a weaker dollar and stronger USA equity markets.


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