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'Classy' US tweet adds to China spat

In a concession to Beijing, the statement doesn't mention China by name and says excess steel capacity is a global issue, though USA and European officials say the vast Chinese state-owned industry, which accounts for half of worldwide output, is the root of the problem.

Business

Russia cuts key interest rate as inflation eases

The board of directors of Russia's Central Bank has chose to cut its key interest rate by half a percentage point to 10%, citing an inflation slowdown and inflation expectations at the remaining unsustainable economic activity, the regulator's press release said, according to Sputnik International.

Business

First look at Trump on Dr. Oz

He weighs 236 pounds and is six feet, three inches tall. Trump's physician, Dr. Harold Bornstein , wrote that Trump was in "excellent health". A video of Hillary Clinton leaving a September 11 memorial ceremony Sunday stumbling and being held up by her aides sparked calls for both presidential candidates to release health records to the public.

Business

Red Bull sets pace in opening Singapore GP practice

In the night session - with greater grip and in conditions more representative of what they will face in Saturday's qualifying and Sunday's race - he was a quarter of a second faster than Ferrari's Kimi Raikkonen, with Red Bull's Max Verstappen a further tenth of a second back in third.

Business

Obama pledges to lift sanctions

According to a BBC report, Obama informed the Congress about the lifting of sanctions and said Myanmar would be added to the Generalised System of Preferences, which protects selected countries from high taxes. STATE COUNSELOR SUU: Well, I need hardly say that I'm very happy to be here, because this is an opportunity for me to thank all the people of the United States who helped us along our democratic struggle.

Business

Former Hockey Coach Graham James Granted Full Parole

Despite objections by several former victims, the parole board justified their decision by saying that James has shown progress over the past months and was evaluated as a low risk to re-offend. That two-year sentence was increased to five years in 2013 following an appeal. One said James took away his "soul and dignity", while another said the assaults left him a "broken and battered" man.

Business

House panel quickly passes Dodd-Frank overhaul

It would also reorganize the Consumer Financial Protection Bureau (CFPB), a watchdog created through Dodd-Frank that last week penalized Wells Fargo for creating millions of fake accounts under customers' names. The Financial CHOICE Act next goes before the full House. This is the rule that prevents banks from taking the money deposited by small depositors and risking it in shaky financial schemes.

Business

[Ticker] Eurogroup tells Greece to 'speed up' reforms

The head of the Eurogroup, Jeroen Dijsselbloem, said a lot of time had already been lost. During the Friday meeting in Bratislava in Slovakia, the European officials expressed concern Athens is falling behind schedule in its efforts to reform the economy.

Business

Hanjin Group hopes to ease shipping crisis with US$91m infusion

The Journal report said that the company's bankruptcy filing has left some 80 Hanjin ships and approximately 500,000 containers stranded at sea. Hanjin's creditors rejected a rescue plan for the shipping company and refused to provide more funds.

Business

Broker Buy/Sell/Hold Updates For Midcoast Energy Partners, L.P. (NYSE:MEP)

Zacks Investment Research upgraded Energy Transfer Partners L.P. from a strong sell rating to a hold rating in a research note on Tuesday, August 9th. When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -102.60%. A number of hedge funds have recently modified their holdings of NEP .

Business

Sandra Bland's Family Reaches Settlement In Civil Lawsuit

As part of the settlement, Waller County jail must enact new jail procedures. According to the family's attorney, Cannon Lambert , the settlement also stipulates that the county jail have a nurse or emergency medical technician on duty at all times and install electronic sensors to ensure that guards are checking on detainees.

Business

It's neck and neck for Clinton and Trump

When the poll is extended to include the Libertarian and Green Party candidates, however, Clinton and Trump hold 42pc each. Sixty-five percent of respondents said they don't consider Clinton an honest person, and 57 percent said the same of Trump.

Business

Prosecutors Are Looking Into Wells Fargo's Cross Selling Practices

On September 14, 2016, Reuters reported that the U.S. Attorney's Offices for the Southern District of NY and the Northern District of California were investigating bringing charges against the Company. The bank hasn't identified any senior executives held responsible for the behavior. He declined to name the highest-ranking employee let go among that group.

Business

Oil prices slide as oversupply concerns weigh

And that is the United States. There was more optimism on the North American stock markets, however. Prices had been supported earlier in the session by data from the American Petroleum Institute (API) which showed a crude build of 1.4 million barrels for the week ended September 9, smaller than the 3.8-million-barrel rise expected by analysts.

Business

Sinkhole sends millions of gallons of radioactive water into Florida Aquifer

A large sinkhole opened up under a gypsum stack at a Mosaic fertilizer plant in Mulberry, a company spokesperson has confirmed. The sinkhole was found by crews in a containment pond at the New Wales Mosaic plant in Mulberry on August 27th. The plant says they have been in contact with state officials and are monitoring the groundwater for contamination. As of now Mosaic doesn't believe the contaminated water has made its way to any private wells since it hasn't shown up in the monitoring ...

Business

Oil tumbles three percent after both IEA, OPEC see glut persisting

Oil stockpiles rose to a record high 3.1 billion barrels while the amount of crude that refiners process actually grew at the lowest pace in a decade. All three confirmed the continuing oversupply of crude that has engulfed the market and kept prices low over the last 2 1/2 years. Meanwhile, news that Nigeria and Libya are now in a position to ramp up oil exports has also provided a growing headwind for oil prices.

Business

Moving Services Stock Highlights: Starbucks Corporation (NASDAQ:SBUX)

Macquarie upgraded shares of Starbucks Corp. The variance in the lower and upper price target of the stock is from $58 to $72 respectively with the standard deviation of all price targets being $3.794. This represents a $0.80 annualized dividend and a yield of 1.48%. Starbucks Corp.'s payout ratio is now 44.69%. The stock had a trading volume of 3.6 M shares.

Business

Texas unemployment rate up slightly in August to 4.7 percent

A TWC statement says Texas grew by an estimated 21,400 nonfarm jobs in August. San Antonio's seasonally unadjusted unemployment rate fell to 3.9 percent in August from 4.2 percent in July. The state in August added jobs in both services and the goods-producing sector, which includes the oil and gas industry and manufacturing. "Texas employers added 190,600 jobs over the past year, with the diversity of our economy highlighted by nine out of eleven industries adding jobs", said Texas ...

Business

Irish PM tells Britain: No access to EU market without free movement

The minister, reflecting the chaotic state of early Brexit planning, said that he had been "given 180-degree opposite opinions on some things" in terms of how to proceed within the law. The House if Lords Constitution Committee has published a report that has stated that by-passing Parliament and triggering Article 50 would be "unwise", "constitutionally inappropriate" and "set a disturbing precedent".

Business

Target (TGT) Stock Slides as Cowen Cuts to 'Market Perform'

Moreover, the analyst stated that he still is of the view that Target holds substantial market share in the bigger stock-up trips for its customer base. The company has a market cap of $39.83 billion, a P/E ratio of 12.82 and a beta of 0.68. The companies 50 day moving average is 72.69 and its 200 day moving average is 75.13.

Business

United Kingdom jobless total falls to 1.63 million

The number of employed people rose by 174,000 to 31.8 million, the highest on record. An Office for National Statistics report found that retail sales slipped 0.2% on the month, below the 0.4% decline that analysts had expected, after 1.9% expansion in July, which was revised up from 1.4%.

Business

Short Seller Chanos Warns Tesla Could Go Bankrupt (TSLA, SCTY)

U.S. solar installer SolarCity Corp (NASDAQ:SCTY) has raised United States dollars 305 million (EUR 272m) in its second cash equity transaction, the company said on Monday. To answer that we need to look at the Powerwall batteries that Tesla sells . While Tesla's current mortality rate of one fatality for 200 million miles driven with Autopilot is better than a mortality for about every 90 million miles driven in the USA and about one every 60 to 70 million miles driving in the rest of ...

Business

Asia stocks up as weak data hurt Fed hike chances

South Korean, Chinese, Taiwanese and Hong Kong markets are closed for holidays. NEW YORK, Sept 15 (Reuters) - Global equity prices gained on Thursday after weak USA retail sales data undermined the argument that the Federal Reserve will raise interest rates next week.

Business

Detectives: Suspect in Florida mosque fire confessed

Sheriff's deputies in St. Lucie County investigate a suspected arson Monday, Sept. 12, 2016 at a mosque of which Pulse nightclub gunman Omar Mateen was a member. He was released from state prison in August 2014 after serving 18-months for a grand theft charge, records show. In a first appearance before a judge Thursday, the court said "there is no condition of release that could protect the community" and there are serious concerns that he's a flight risk.

Business

'The Beatles: Eight Days a Week' is a magical mystery tour

Viewers will be treated to remastered footage from the band's historic Shea Stadium concert in NY, the first of its kind to play to more than 55,000 people. and their insistence on equality and fairness forced genuine social change that might have taken a lot longer to come about. Macca told reporters: 'We're getting great memories obviously of playing with John and George.

Business

UN has 'problem' getting aid to Syria, Assad blamed

A UK-based monitoring group said Russian troops were replacing Syrian government forces along the road. "The bad news is that we are not using this window of opportunity so far to reach all of these places with humanitarian assistance, like we did when this humanitarian task force was born out of the February agreement on the cessation of hostilities", he said.

Business

Dollar Edges Higher as Impact from Fed Comments Wane

In late NY trading, the euro fell to 1.1207 dollars from 1.1238 dollars in the previous session, and the British pound decreased to 1.3186 dollars from 1.3335 US dollars in the previous session. Trends in bond markets will continue to be watched very closely in the short term, with silver vulnerable to further selling if yields continue to increase, especially given the risk of stops, while a strong rally in bonds would underpin silver.

Business

FOREX-: Dollar recovers against commodity currencies on risk aversion

Lower prices for oil and non-precious metals has caused the currencies of exporting countries to fall, which is supporting the dollar more than Fed expectations today. Perrigo jumped 7.34 percent after activist investor Starboard Value disclosed a stake in the drugmaker and said it must make improvements to revive its stock.

Business

California to extend most ambitious United States climate change law

In a statement , California Chamber of Commerce President and CEO Allan Zaremberg said, "Taken together, SB32 and AB197, impose severe caps on the emission of greenhouse gases in California, without requiring the regulatory agencies to give any consideration to the impacts on our economy, disruptions in everyone's daily lives or the fact that California's population will grow nearly 50 percent between 1990 and 2030".

Business

Hillary Clinton fit to serve, after pneumonia diagnosis

Trump later added at the same rally, "We want her better, we want her back on the trail ". The latest USA election polls show Donald Trump gaining ground on the national stage and in key battleground states. "I confess I'll never be the showman that my opponent is, and that's OK with me". Trump's campaign released the letter from his doctor, Harold Bornstein, MD, a gastroenterologist at Lenox Hill Hospital in NY, before the show aired Thursday.

Business

Volkswagen engineer pleads guilty to conspiracy in emissions scandal

Liang, a 62-year-old California man, pled guilty to one count of conspiracy to commit wire fraud, defraud the USA and violate the EPA's Clean Air Act . As new model years came out, he says they continued to falsely cetify the vehicles met US emissions standards. As part of the plea deal, he admitted to lying to regulators and consumers about VW's emissions.

Business

Meghalaya Assembly session: James changes mind, gives Mondal a breather

A No Confidence Motion will also be admitted against the speaker on the last day of the autumn session i.e. Friday. However, the Chief Minister said there are many priorities for both the ruling alliance and the opposition to focus upon. In an interesting turn of events, the resolution was withdrawn just one day after the opposition withdrew the no trust motion moved against the MUA II government.

Business

Ashland County kidnapping, murder suspect has been in jail here

On Tuesday morning, a woman called from inside an Ashland home saying she had been abducted . One of the victims was Stacey Stanley , a 43-year-old Huron County woman whose family said had been missing since September 8 after she got a flat tire near the home where her body was found.

Business

Apple Ordered to Pay $118 Million for Underreporting Tax in Japan

Mark Mazur, Treasury Assistant Secretary for Tax Policy, said in a statement, "We are closing another tax loophole that contributes to the erosion of our tax base". The U.S. Treasury announced late Thursday that it would tighten its restrictions on U.S. multinational companies who use foreign tax credits to reduce taxes.

Business

Monster Beverage Corporation (NASDAQ:MNST)

The Company expected to announce next earnings approximately $1.14 per share. The company provides carbonated energy, and non-carbonated dairy based coffee and energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.


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