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Oil at six-week low as oversupply outweighs output freeze talks

Worries that US oil stockpiles may have risen last week, however, limited gains in crude futures. Worldwide benchmark Brent crude oil futures were trading at $45.82 per barrel at 0649 GMT, down 13 cents from their last close. West Texas Intermediate for October delivery, which expires Tuesday, fell 64 cents, or 1.5%, to $42.66 a barrel at 9:18 a.m. on the New York Mercantile Exchange.

Business

Germany Wants US to Treat Deutsche Bank Fairly on $14bn Claim

Deutsche Bank hasn't said what it has set aside in anticipation of a settlement. U.S. stocks fell on Friday as the possibility of a $ 14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S.

Business

Revenue Estimates Analysis: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

Post opening the session at $27.45, the shares hit an intraday low of $27.02 and an intraday high of $27.78 and the price vacillated in this range throughout the day. now shows a Weekly Performance of -5.31%, where Monthly Performance is -7.16%, Quarterly performance is 20.34%, 6 Months performance is -6.49% and yearly performance percentage is -88.81%.

Business

Neil Young Debuts New Song, "Indian Givers", Protesting Midwestern Oil Pipeline

As the magazine reports, residents of the Standing Rock Indian Reservation and members of the ReZpect Our Water organization staged demonstrations against the project's expansion this summer, which resulted in many arrests as well as physical clashes between protesters and security personnel hired to guard the pipeline.

Business

SRK Fandom Awards to be hosted in Mumbai

And SRK's film is also slated to hit theatres on the same date. Of course, the clash between Raees and Kaabil is still on but whether it will stay that way remains to be seen. SRK's Raees was assumed to collide with Salman Khan's Sultan , however the latter requested SRK to transfer their film and so they did. He had then zeroes in on Republic Day in 2017 as the release date.

Business

NY, NJ bombings: A search for clues... 14min

Two law enforcement officers were wounded in the gunfight, as was Ahmad Khan Rahami, a 28-year-old naturalized USA citizen who lives in Elizabeth. Ahmad Khan Rahami , the 28-year-old man wanted in connection with bombings this weekend in NY and New Jersey, was taken into custody Monday after he was shot by police officers.

Business

Wells Fargo CEO apologizes for betraying customers in heated Senate hearing

Wells Fargo spokeswoman Aimee Worsley told ABC News previously that the bank believes it has identified and refunded all affected customers, though it encourages customers who think they may have been affected to come forward. "The unfair and abusive practices at Wells Fargo remind us that we need tough watchdogs looking out for customers", Clinton states. She added bankers became so desperate to meet their quotas, they would resort to underhanded schemes.

Business

NIA registers Uri attack case, will collect samples of dead Jaish militants

In 2016, there have been 18 infiltration bids foiled by the Indian Army. Indian-held Kashmir has been in the grip of widespread protests against Indian rule for more than two months, sparked by the killing of a popular rebel leader in a gun battle with soldiers on July 8.

Business

Macy's to hire about 83000 holiday workers

Seasonal hiring is ramping up in Birmingham and nationwide: Macy's hopes to hire 83,000 workers nationwide, including for its two locations in Birmingham. The company will hire about 1,000 workers at its customer service centers and more than 1,000 to support the Macy's annual Thanksgiving Day Parade and other events, it said.

Business

West Virginia AG subpoenas Mylan over EpiPen price hike

WV Attorney General Patrick Morrisey confirmed the investigation today, revealing that he'd issued a subpoena to Mylan back in August, seeking documents and other information related to EpiPen , but that the company failed to meet the September 7 deadline.

Business

Mattel (MAT) Receives Anayst Rating

The stock tapped a 52-week high of US$17.17 while the 12-month Consensus Price Target is US$15.63. Over the last 30 and 90 trading days the company share price has increased 12.58 points and increased 12.29 points respectively. With reference to all theories, earning yield also gives right direction to lure investment, as MAT has 4.79% dividend yield. At the recent close, Mattel, Inc.

Business

Suspect in Seaside Park, NYC bombings caught in Linden after shootout

There has been a loud explosion in the area of the scene of a police investigation of a suspicious device found near at New Jersey train station. One of five explosive devices detonated just about a mile from the home of the man authorities would ultimately identify as a suspect in this weekend's multiple blasts in NY and New Jersey - Ahmad Kham Rahami.

Business

Google acquires natural language understanding startup Api.ai

Google took a shot at Facebook's chatbot-building services on Monday with its acquisition of API.ai, a company that helps developers build and improve conversational interfaces for their services. The app isn't available yet, but API.ai may give developers an added incentive to build for it. Google's Api.ai is already a mature bot platform that works with 15 languages/dialects, including English, Chinese, French, German and Spanish.

Business

What to expect from FedEx earnings

FedEx's strengths such as its revenue growth, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures outweigh the fact that the company shows low profit margins.

Business

Financial Fraud Happened Once In Every 15 Secs In UK In H1

There have been more than one million cases of financial fraud where victims lost money were detected in the first half of 2016, up by 53 per cent on previous year, according to Financial Fraud Action UK (FFA UK). City of London Police Commissioner Ian Dyson says fraud and cybercrime account for almost half of all crime. Research for the campaign suggests 26% of consumers still provide personal details to people claiming to be from their bank, even if they do not think they should.

Business

UAE to send 100 tonnes of aid to South Sudan refugees

The July fighting came as a major setback to peace efforts in South Sudan which has been torn by a civil war between factions of Kiir and Machar that erupted in December 2013. In an interview with the Chicago Tribune, Mr. Prendergast said the mistake the U.S. and the global community made in supporting South Sudan's independence is that they ignored the underlying corruption of the country's political and military leaders.

Business

Naturalized U.S. citizen from Afghanistan sought in New York City blast

At least 29 people were injured in an explosion at Chelsea neighborhood of NY city in the USA on Saturday, officials said. An explosion rocked a bustling Manhattan neighborhood Saturday night and an unexploded pressure-cooker device was found blocks away; there was a pipe bomb blast earlier Saturday in a New Jersey shore town; and five explosive devices were found near a New Jersey train station late Sunday.

Business

Benches Clear After Yasiel Puig & Madison Bumgarner Almost Come to Blows

He's 0-1 with a 2.25. The benches emptied in another epic battle Monday night between the San Francisco Giants and Los Angeles Dodgers and team aces Madison Bumgarner and Clayton Kershaw . And I would assume, again with Bumgarner under 100 pitches and looking great, the incident nearly certainly had to be one of the reasons Bochy took Bumgarner-or Bumgarner asked-out of the game.

Business

Christie told about plan to close traffic

But in opening statements Monday, prosecutors said Wildstein will testify that he and Baroni bragged about the scheme to Christie at a September 11 memorial event in New York City on the third day of the four-day lane closures. But if these prosecutors have their way, Bridgegate could taint Christie's entire legacy. Prosecutors said Monday that they will show Gov. Christie was told about the traffic and that Fort Lee Mayor Mark Sokolich's public safety concerns were ignored.

Business

George H.W. Bush said to be voting for Clinton

The Donald J Trump Foundation made a $25,000 donation to a Bondi-aligned PAC in 2014, while Bondi was considering joining legal action against Trump University. Bondi set up her accounts in early August 2013. Though her upper-level staff discussed the Schneiderman complaint, she said she was unaware of it. "There was not an investigation into Donald Trump".

Business

FTSE 100 falls as bank shares knocked by Deutsche case

BANK OF ENGLAND: Overnight, the Bank of England kept its main interest rate unchanged at a record low of 0.25 percent after a run of better-than-anticipated news after voters opted to leave the European Union. Some observers are also concerned that Deutsche Bank may need to raise funds, potentially through a capital increase, to finance the settlement. In 2014, USA bank Citigroup settled a probe into mortgage-backed securities for $7bn (£5bn) while in a similar case this year, Goldman ...

Business

Gov. Deal issues executive order on gas price gouging

Alpharetta-based Colonial Pipeline Company estimates between 252,000 gallons and 336,000 gallons of fuel leaked in the spill, which was discovered September 9. The GasBuddy app is available on the Apple app store and on Google Play . If you believe a gas station is price gouging, you can report violations to the fuel and measures division of the Georgia Department of Agriculture.

Business

Markets Right Now: Energy stocks pull USA market lower

As the market eyed a producers' meeting later this month for some reprieve, the Paris-based International Energy Agency forecast a continuing global supply glut in 2017. Investment in the world's oil and gas fields tumbled in 2015 and 2016 in the longest period of retrenchment in energy spending in nearly half a century, the International Energy Agency said.

Business

Gasoline pipeline break adds pain at the pump

Fuel supplies in those five states were threatened by the spill, and the U.S. Department of Transportation ordered Colonial to take corrective action. "Gasoline prices tend to go up like rocket ships and come down like feathers", Robicheaux said. "Normally it would cost me $40 to fill her up, but today it cost $60 and I wasn't even near empty", he said.

Business

Senate to scrutinize Monsanto merger

The German company is paying a hefty premium now for the promise of a business model that some say could be up to a decade away. Competition in an industry usually holds down prices. The biggest losers from a failed deal may be its opponents, who will spend the rest of their lives in a world where misguided judgments of corporate popularity have increasing sway over laws and regulations.

Business

Oil Drops as Prospects Fade for OPEC Deal

The price for Brent crude oil was down 1.65 percent to open at $45.19 per barrel. US gasoline futures fell on profit-taking from last week's rally on the outage of a key gasoline pipeline due to a leak. "The resilience of non-Opec and United States production has been underestimated". Venezuela is highly dependent on oil revenue. Drillers added two oil rigs in the week to September 16, bringing the total rig count up to 416, the most since February.

Business

US Building Permits Fall 0.4% in August; Housing Starts Decline 5.8%

Economists had forecast housing starts falling to a 1.19 million-unit pace last month and building permits rising to a 1.17 million-unit rate. The dollar was little changed after the data, while prices of USA government debt rose. Housing market strength boosted Lennar Corp's profits in the third quarter. Construction of single-family houses fell 6 percent to a 722,000 rate from 768,000 the previous month.

Business

Donald Trump's $14 Billion Conflict Of Interest

Deutsche shares slapped lower: Financial stocks were the worst performing, helping to push the Stoxx Europe 600 Bank Index down 1.9%. Deutsche Bank suffered enormous selling pressure on Friday despite its claim that the U.S. Deutsche Bank chief executive officer John Cryan, 55, has struggled to boost profits as unresolved legal probes and claims compound concerns that the lender will be forced to raise capital or sell assets.

Business

Cozy Corruption Bedfellows: Bayer Buying Monstanto for $66 Billion

German-based Bayer , known to US consumers for introducing aspirin more than a century ago, made three other buyout offers before Monsanto accepted an all-cash deal, the largest this year and the biggest foreign takeover of a USA corporation, according to DealLogic.

Business

Main gas line to restart Wednesday after company fixes leak

In Georgia, the average price rose 21 cents according to AAA , and by a dime or more in the Carolinas, Tennessee, Ohio and Indiana. The leak led to a complete shutdown, causing a major disruption of fuel shipments. The state's average per-gallon cost was $2.21. Gas stations in many areas of Alabama, Georgia, Tennessee, North Carolina, South Carolina and Virginia are seeing service stations run out of fuel .

Business

Wenger hints Ospina may be Arsenal's keeper in Champions League

The Uruguay worldwide, leading the line for PSG this season in the absence of Zlatan Ibrahimovic, was in again three minutes before the break, but he could not bring Di Maria's pass under control with just Ospina to beat. "It was a great game, but the result does not show what we did on the field". Overrun in midfield, the Gunners nearly conceded in the 34th after a deflected ball ended in Cavani's path.

Business

Copper, gold trade stagnant as Fed meeting commences

Hong Kong ended 0.9 percent higher as investors returned from a three-day weekend to play catch-up with Friday's regional rally. "As a result we're stuck in a trading range that we probably can't break out of until you get through the Fed meeting, and you get through probably the debate next Monday, and you get a lot closer to the next round of earnings releases", Meckler said.

Business

Dollar General Corp. (NYSE:DG) Given Consensus Rating of "Hold" by Analysts

Unilever PLC had its "overweight" rating reiterated by analysts at JP Morgan. Telsey Advisory Group reiterated a "buy" rating on shares of Dollar General Corp.in a research note on Sunday, May 29th. during the second quarter worth $115,000. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of McKesson Corp.by 2,162.8% in the second quarter.

Business

German leader's party suffers Berlin election setback

German Chancellor Angela Merkel's conservatives look set to suffer a second electoral blow in two weeks in a Berlin city vote on Sunday as a growing number of voters are expected to express their unease with her refugee-friendly policy. Among other things, disillusionment is high over the capital's notoriously inefficient bureaucracy and issues such as years of delays in opening its new airport.

Business

Upton, Martinez power Tigers to rare win over Indians

LHP Daniel Norris (2-2) is to start for Detroit on Sunday and RHP Trevor Bauer (11-7) for Cleveland. RAYS 5, ORIOLES 2 (at Baltimore) - Evan Longoria homered, tripled and scored three runs to lead Tampa Bay. Ausmus brought on closer Francisco Rodriguez to get Santana for the final out of the eighth. Erick Aybar - His two RBI singles in the second and third innings didn't attract as much attention, but they might have been the biggest hits in the game, particularly as the Tigers were ...


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