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Global equities advance on back of Fed decision

On Wednesday the FED's announcement the Dow Jones industrial average gained 163.74 points, 0.90%, to close at 18,293.7, the S&P 500 rose 23.36 points, 1.09%, to end at 2,163.12, and the Nasdaq jumped 53.83 points, 1.03 %, to close at 5,295.18.

Business

United States officer charged over Oklahoma shooting

However Charlotte police reported two officers were injured on Thursday night. "But I don't think the charge was only to give the crowd some blood. You can read the criminal complaint charging Shelby here. A former federal prosecutor says prosecutors in Tulsa were right to swiftly charge a white police officer with first-degree manslaughter in the fatal shooting of an unarmed black man.

Business

AP Moller-Maersk splits its shipping, energy operations

The Danish shipping group A.P. Moeller Maersk split in two separate units, dividing its transport and logistics business from the oil and energy divisions. "The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments". Under Mr Andersen, the group sold off a number of units that were not related to oil or shipping, including a stake in Danske Bank and shares in a supermarket chain.

Business

Federal charges filed against NY,NJ bombing suspect

In separate complaints filed in U.S. District Court in the Empire and Garden States, Rahami was charged with several counts of using weapons of mass destruction, bombing a place of public use, and attempting to destroy property by means of fire or explosives.

Business

Gold shines as dollar slips after Fed decision

It also reduced its longer-run interest rate forecast to 2.9 per cent from three per cent. Mr. Haberkorn said long-term buyers are returning to gold, given low to negative interest rates around the world. The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.

Business

Asian markets continue to rise toward two week high

Despite the decision to keep rates unchanged, the vote wasn't unanimous, indicating a chance for a rate hike before the end of the year. For instance, the unemployment rate has remained at 4.9 percent for the past three months, and that's up from 4.7 percent in May.

Business

Messi out for three weeks as Atletico hold Barca

He has scored eight goals with Barcelona this season. Simeone was very satisfied with Atletico's work as they absorbed plenty of pressure but created plenty of openings themselves. Barca had 29 minutes to find a victor without Messi, and despite chances for Pique and Neymar, Atletico held firm. Barca striker Luis Suarez, meanwhile, had fierce words for Atletico defender Filipe Luis, who uploaded a picture onto Instagram of his bloodied foot bearing stud marks from a clash with Suarez.

Business

Ron Darling On WFAN: Jay Bruce Is Out Of Chances

Louis Cardinals, and San Francisco Giants entered Wednesday in a three-way tie for two NL Wild Card spots (as I covered in The Cheat Sheet this morning, but I know you already read that!). But since coming to NY, he's hitting.176 with four home runs and 11 RBIs. Inciarte calls it "the best catch he's ever made". What should have easily been a triple turned into a double and was a pre-cursor of things to come for Cespedes, who would miss two game-winning home runs by mere inches on Wednesday.

Business

Yahoo says 500 mn users hit by state sponsored hack in 2014

The global tech giant added the hack was a state-sponsored act and the thieves had stolen some information like telephone numbers, dates of birth, email addresses and encrypted passwords of users along with their names. If you haven't changed your password since 2014, you should. Though the data breach obviously spells trouble for those with YahooMail accounts, users with hacked accounts need to keep in mind that the breach goes so much further.

Business

Divided Fed holds interest rates steady but notes improving economy

The Fed also said in the statement that near-term risks to the USA economic outlook "appear roughly balanced", a further sign that the central bank could raise rates by the end of this year. The central bank projected a less aggressive rise in interest rates next year and in 2018, and it cut its longer-run interest rate forecast to 2.9 percent from 3.0 percent.

Business

Asian Stocks End Six-Day Slump as Fed Rate-Increase Bets Wither

Investors are fairly uncertain on the direction of the markets, though the main theme seems to be that Central Banks have realised the risks of ultra-loose and accommodative policies and may be looking towards normalising interest rates in the near future.

Business

Rite Aid Q2 Profit Matches Estimates; Same Store Sales Down 2.5%

Rite Aid Corporation (NYSE:RAD) reported sales (ttm) of 32.27 Billion, whereas, 7 number of analysts estimated the mean sale of 8368 million. It has been suggested as "Buy Opinions" from 1 and 0 issued "Sell Thoughts" for the stock. For the past 5 years, the company's revenue has grown 4%, while the company's earnings per share has grown 17.6%. Average recommendation stands as "HOLD" with consensus analysis of "8" Analysts.

Business

Indian equity markets dent on profit booking

At 3.07 p.m., the 30-share BSE index Sensex was down 105.06 points or 0.37 per cent at 28,668.07 and the 50-share NSE index Nifty was down 28.85 points or 0.33 per cent at 8,838.60. Asian markets opened mixed on Friday. According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty traded with sideways sentiments on profit booking at higher levels from traders.

Business

Dunford: No doubt Russian Federation is responsible for aid convoy hit

Before wrapping his speech Wednesday, Kerry called on the global community to take a stand against Russia, Syria and any other nation that is helping to "sabotage" the delicate peace process. The UN announced on Wednesday that it would resume aid deliveries as early as Thursday suspended after the convoy attack, the AP reported. Kerry claims Moscow has backtracked on taking responsibility for the attack and said simple logic indicates the Russians are lying.

Business

Hillary Clinton rolled with Zach Galifianakis's punches on 'Between Two Ferns'

The roast of Clinton's rival begins even before her interview , with her nameplate reading, "Hillary Clinton had pneumonia", poking fun of Trump-fueled conspiracy theories about her health . The last part is intentional; the whole conceit of "BTF" on FunnyOrDie.com is that the celebrity guest has to put up with one rude, out-of-it question after another for five whole minutes.

Business

Pipeline firm whose spill caused gas shortage expects to restart line Wednesday

Alabama Governor Robert Bentley said during a press conference Monday he was "concerned" about the amount of gasoline the state has and said Colonial's chief executive told him Monday that the line would likely restart this week. Including the change in gas prices in IL during the past week, prices are 19 cents a gallon lower than one year ago and 3 cents lower than a month ago.

Business

Government severs ties with for-profit colleges accreditor

ACICS has faced a tremendous amount of criticism from lawmakers and regulators over the past year for its allegedly lackluster oversight of schools that state and federal agencies have sued in court, claiming they defrauded students with false promises and misleading claims about graduation and job-placement rates.

Business

The Zuckerbergs pledge to invest $3 billion to fight diseases globally

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan announce how they plan to help cure all diseases by the end of the century. The first investment is a new $600 million research center called Biohub , in partnership with scientists and researchers from Stanford University; the University of California, Berkeley; and the University of California, San Francisco.

Business

SpaceX reaches out to public to help with investigation into rocket explosion

The U.S. Air Force will still let Elon Musk's SpaceX launch rockets after the company's last rocket exploded on the launch pad. During a media roundtable at the Long Beach conference, Winston Beauchamp, deputy undersecretary of the Air Force for space, said "the damage looks like it's moderate" and "definitely repairable".

Business

Seoul urges swift offloading of Hanjin cargo, to unveil new shipping measures

KDB's credit line, like Korean Air's loan, also takes Hanjin Shipping's accounts receivables as collateral, KDB said in its statement. Hanjin Shipping had sought bankruptcy protection earlier this month as the troubled firm was saddled with debts of more than Dollars 5 billion.

Business

Eurozone Growth at 20-Month Low as Germany Slows

Output levels increased at a faster pace, as did employment growth. Economic growth across the 19-country eurozone has fallen to a 20-month low as the German economy, in particular, loses momentum, a closely watched survey showed Friday. This led the French Composite PMI to rise above its German counterpart for the first time in over four years. "You are seeing some inflationary pressures coming back into the system - they are not particularly strong but given the low inflation period we ...

Business

Stocks climb, dollar falls as Fed holds rates steady

Brent crude, used to price global oils, rose 33 cents to $47.16 in London. The Fed's rate-setting committee will release its policy statement at 2 p.m. That could make it more hard for the Fed to shape expectations about what it will do next, and inhibit officials' willingness to experiment with new policy tools if necessary.

Business

MNS-affiliate sets 48-hour deadline for Pakistani artists to leave India

Days after Pakistan-backed militants attacked an Indian Army base in Uri, Raj Thackeray's Maharashtra Navnirman Sena (MNS) today issued a 48 hour-ultimatum to all Pakistani artists working in India to immediately leave the country. He has also waded in with vitriol into a number of other controversies involving celebrities and the film industry. The MNS and its competitively xenophobic parent organisation Shiv Sena routinely target Pakistani personalities.

Business

USA stocks rise with oil prices ahead of Fed statement

Since they weren't, the dollar fell to 100.58 yen from 101.84 yen. PULLED A RABBIT: Open source software company Red Hat rose $3.89, or 5 percent, to $80.86 after the company reported better than expected results in its second quarter. The price of a two-pack of EpiPens has jumped more than 500 percent over the last decade to more than $600, and Mylan is getting ready to start selling a version that costs about half as much.

Business

Wells Fargo CEO John Stumpf steps down from Fed council

But there are real world implications here on young families that will be put in a poverty situation because of that, even though you think it's a few hundred bucks in fees", Senator Jon Tester (D-Montana) told Stumpf. Regulators fined Wells Fargo $185m last September for opening some two million customer deposit and credit card accounts without customer approval.

Business

Yahoo confirms huge data breach affecting 500 million accounts

Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. In July, 161 million people worldwide used Yahoo email on personal computers, a 30 percent decline from the same time in 2014, when the breach first occurred.

Business

Asian shares soar, dollar falters on slow-motion Fed

He believes that the anomalies in the May payrolls number was miscommunicated and suggests the Fed could still have hiked in the summer despite the shock result of the United Kingdom referendum on its European Union membership. "I think the market continues to be focused on the Fed pushing a hike for later as a good thing rather than bad". Yellen said the differences inside the FOMC mainly came down to the timing of rate increases, not to whether they should be carried out.

Business

500 million accounts hacked

While Yahoo's data breach may not include financial information, one computer science professor says it should still prompt some password changes. Shares of Yahoo stock closed a penny higher at $44.15, while shares of Verizon, were up about 1 per cent. "If anything has changed, it's that these attacks are getting publicly disclosed".

Business

Stumpf told to resign as Wells Fargo boss over accounts scandal

She began by reading from the bank's "vision and values statement", which says "we believe in values lived, not phrases memorized", and "if you want to find out how strong a company's ethics are, don't listen to what its people say". Cross-selling isn't about helping customers get what they need - if it was, you wouldn't have to squeeze your employees so hard to make it happen. Questioned again by Warren, Stumpf said the bank had not considered firing Tolstedt.

Business

Mylan chief executive's answers on EpiPen frustrate House panel

Lawmakers on Capitol Hill questioned the CEO of Mylan, Inc. for hours Wednesday, on the price and profits of EpiPens, as well as a program encouraging schools to have them. Since acquiring the product in late 2007, Mylan has raised the list price 548% to almost $609. U.S. politicians have accused the boss of drug company Mylan of attempting to get "filthy rich" by "jacking up" the price of life-saving allergy treatment EpiPen.

Business

Sports Direct names controlling shareholder Mike Ashley as CEO

Ashley will take over his duties "with immediate effect", the company said. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.

Business

Canada, China aim to strike free-trade deal

China is Canada's second largest trading partner after the United States, with trade exceeding Can$85 billion ($64.5 billion USD) previous year. Canadian opposition parties fear they could be subjected to human rights abuses and the death penalty in China.

Business

US Federal Reserve leaves interest rate unchanged

Federal Reserve Chairwoman Janet Yellen outlines the Fed's strategy on the economy during a news conference following Wednesday's announce ment. Prices for fed funds futures contracts suggested investors continued to see just better-than-even odds of a hike at the December policy meeting, and nearly no chance of an increase in November.

Business

Gigi Hadid designed her Tommy Hilfiger collection in just seven hours

But after the song's release, the Scottish DJ caused some drama when he dismissed the idea of ever working with Swift. Neilson Barnard/Getty Images for Tommy HilfigerTaylor Swift certainly didn't look like a woman scorned - or perhaps a woman who just dumped her boyfriend - Friday night in New York City.

Business

Brad Pitt spoke with LAPD over family incident

Brad Pitt ", LAPD Officer Jenny Houser told CNN . The LA County Dept. of Children and Family Services would not deny nor confirm to the paper whether they had launched an investigation. - April 2012: Jolie and Pitt announce their engagement after she is spotted wearing a large diamond ring designed by Pitt. Jolie during her pregnancy in 2008.


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