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Business

New museum chronicling black history opens

President Barack Obama said the newly opened National Museum of African American History and Culture is "the newest American icon" during his weekly address Saturday. "Our fraternity was built for African-American men to have a place to share our history and stories", said fraternity brother Drew Collins. "While we are proud to host this museum.

Business

Cuomo Aides, SUNY Poly President Facing Charges From Bharara's Office

This January, Percoco left the state government to work for the Madison Square Garden Company . He is accused of steering state contracts connected to projects in Syracuse and the Buffalo Billion to two companies that had sent kickbacks to a SUNY Polytechnic consultant.

Business

Hillary Clinton visits 'Between Two Ferns With Zach Galifianakis'

During the intentionally awkward interview, Galifianakis asked her: "Are you excited to be the first girl president?" "What happens if you get pregnant?" The parody segment poked fun at both Clinton and her opponent Donald Trump. Zach Galifianakis " Between Two Ferns " has been a staple of amusing or Die for years now, hosting a slew of special guests from Justin Bieber to Brad Pitt and even President Barack Obama .

Business

Why the Fed is slow to raise interest rates

Apple rose 0.9 percent to $114.56 and was the top influence on the S&P and the Nasdaq after Nomura and RBC raised their price targets. "The Fed and central banks worldwide have been providing investors with a sense of calm and complacency".

Business

Fed stays on hold but December rise likely

Gold is highly exposed to monetary policy, particularly in the United States, as higher interest rates lift the opportunity cost of holding non-yielding assets and boost the dollar, in which the precious metal is priced. Dollar. Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester also dissented, saying they favored raising rates this week.

Business

Salesforce reportedly discussing Twitter acquisition

Twitter Inc is moving closer to a sale and has received expressions of interest, CNBC reported on Friday, sending the microblogger's shares up more than 19% in their biggest gain in over two years. Bloomberg reported Friday that Goldman Sachs is helping Twitter talk to potential buyers. Vala Afshar, who describes himself as chief digital evangelist at Salesforce , added to the rumours by tweeting about Twitter - twice.

Business

Puerto Rico in darkness following blackout

Puerto Rico, home to 3.5 million American citizens, is trudging through an economic crisis, burdened by $70 billion of debt and rampant migration as residents flock to the US mainland. SAN JUAN, Puerto Rico (AP) - Frustration mounted across Puerto Rico on Friday amid record-high heat as the USA territory struggled to restore electricity more than two days after a power plant fire caused an island-wide blackout when it shut down an aging utility grid.

Business

Chinese Premier Calls for Extradition Treaty in Ottawa Visit

OTTAWA-Canada and China have agreed to launch exploratory talks on a possible free-trade agreement, the leaders of both countries said Thursday. Trudeau and Chinese Premier Li Keqiang, who had already met in Beijing earlier this month, agreed to solve a drawn-out dispute over exports of Canadian canola, worth C$ 2 billion (US$1.53 billion) a year.

Business

Market rallies as US Fed keeps rates

The three officials are all presidents of regional Fed banks - Esther George of Kansas City, Loretta Mester of Cleveland and Eric Rosengren of Boston. The dissents from those wanting a hike suggested to some economists that pressure was building. The Federal Reserve kept interest rates steady Wednesday but made clear that it sees an increase coming soon.

Business

Stocks gain with dimming chances of September rate hike

The Bank of England will be a focus on Thursday. In response to a separate question, around one-quarter of 47 economists said their conviction around a Fed hike this year had increased in the past month, while about 60 percent said it had stayed the same.

Business

Defenses presses witnesses in Bridge-Gate trial

Kelly was Christie's deputy chief of staff and headed an office responsible for outreach to county and municipal officials. A former Port Authority of NY and New Jersey official who pleaded guilty in the George Washington Bridge lane-closing case has appeared in court as the government's star witness.

Business

Treasury yields flat as investors gauge hawkish Fed talk against weak data

The Treasury 30-year yield was little changed at 2.33 percent as of 10:32 a.m. London time, according to Bloomberg Bond Trader data. FED TO FOLLOW: Investors doubt the Fed will raise interest rates when it wraps up its policy meeting on Wednesday, but are watching closely for hints about future moves.

Business

Tropical Storm Karl passes near Bermuda, turns north

This NOAA satellite image taken Saturday, Sept. 24, 2016 at 12:45 AM EDT shows Tropical Storm Karl over Bermuda that is moving Northward. Karl had made the anticipated turn to the northeast and was moving away from Bermuda at 18 miles per hour.

Business

Fed wants to put new limits on banks' commodities activities

The Fed's governors are proposing restrictions for banks' holding, transporting and trading of commodities like oil, aluminum and coal. U.S. regulators in recent years have shown increasing concern with banks' involvement in the commodity and energy sectors, calling on lawmakers to help limit such activities.

Business

Fed signals one rate hike in 2016 but dollar comes under pressure

Fed officials concluded that economic growth is improving after an anemic first half of the year, job gains are approaching an apex and inflation remains low. Fed projection materials point to two hikes in 2017, consistent with recent comments that they would hold rates low for longer. That rate, which determines what banks charge each other for loans, is now in the range of 0.25 percent to 0.5 percent.

Business

BrainJuicer Group PLC (BJU) Raises Dividend to GBX 13.10 Per Share

A number of other research analysts also recently weighed in on PRU. Sanford C. Bernstein upgraded shares of SSE PLC from an "underperform" rating to a "mkt perform" rating in a research report on Wednesday, September 7th. The ex-dividend date is Thursday, September 1st. Shareholders of record on Thursday, September 29th will be paid a dividend of GBX 13.10 ($0.17) per share on Thursday, October 20th.

Business

Senators seek probe of Wells Fargo's 'mental abuse' OT environment

Chief executive John Stumpf resigned his position on the advisory council of the San Francisco Fed, which consists of banking chiefs and is created to guide policymakers just one day after chairwoman Janet Yellen expressed her own concern at the latest revelations in the saga.

Business

Hagerstown police chief: Officers acted properly in incident with teen girl

The video shows two Hagerstown Police Department officers struggle with a teen who screams as they repeatedly try to detain her and get her to comply. The cops told her they wanted to contact her parents, but she wouldn't give them any information. Hysterical, the teen pleads for the officers to let her go, which they refused to do.

Business

Oil rebounds on possibility of 'formal' freeze talks meeting

Algerian Energy Minister Noureddine Bouterfa said the meeting could become official since everyone will be present, including Iran, which stayed out of the failed April talks. OPEC will hold an informal meeting after the closing session of the International Energy Forum conference in Algiers on the afternoon of September 28, Bouterfa said on public radio.

Business

Futures on the move after Fed stands pat

The Fed also projected a less aggressive rise in rates next year and in 2018, fanning expectations bond yields will remain low for the foreseeable future. The blue-chip FTSE 100 index .FTSE closed up 1.1 percent at 6,911.40 points, edging nearer to its 2016 peak of 6,955 points reached in August, its highest level in more than a year.

Business

Stocks gain after Fed's vote on interest rates

Market odds of a rate hike at the Fed's December meeting sit at 48% right now. The 30-year yield rose to 2.460 percent from 2.435 percent. The Canadian dollar was last trading at C$1.3163 to the greenback, or 75.92 US cents, much weaker than Thursday's close of C$1.3062, or 76.56 USA cents.

Business

Stocks head for best week since July despite mixed mood

Murphy Oil jumped $1.07, or 4 percent, to $27.58, Transocean rose 38 cents, or 4 percent, to $9.52. In European markets, Germany's DAX and France's CAC-40 were down 0.4 percent and 0.6 percent respectively while the dollar softened by 0.1 percent to 1.1279 against the euro.

Business

Snoqualmie Tribe members travel to North Dakota to oppose oil pipeline

Police in Minot say about five Dakota Access pipeline protesters briefly interrupted North Dakota's top oil regulator at an industry conference. Since numerous supporters can not make the trip to North Dakota in person, they wanted to join in prayer and in sending positive thoughts to those protesting.

Business

Google is trying very hard to be Twitter's suitor in sale game

Twitter's revenue graph isn't faring really well since the last few quarters and a relatively slow growth in the number of active users may be the possible reason behind the same. " Twitter certainly has value if someone runs the company to maximize profitability", Pachter said. "I simply love Twitter ", he said. The company has also faced criticism for its failure to stem abuse on the platform and for missing the opportunity to play a bigger role in the red-hot messaging arena.

Business

Google is trying very hard to be Twitter's suitor in sale game

Twitter's revenue graph isn't faring really well since the last few quarters and a relatively slow growth in the number of active users may be the possible reason behind the same. " Twitter certainly has value if someone runs the company to maximize profitability", Pachter said. "I simply love Twitter ", he said. The company has also faced criticism for its failure to stem abuse on the platform and for missing the opportunity to play a bigger role in the red-hot messaging arena.

Business

US swept out of World Cup of Hockey

USA Hockey not only has to foster a culture within its senior team (something that was clearly lacking during all three lackluster performances) but develop young players who are brought up playing together, improving, and working toward getting to the level of Canada, Russia, even Sweden.

Business

US Fed likely to hike in December, analysts say

After all, markets are only pricing in a 20% chance of a rate hike on Wednesday, and there's a 54% chance of a hike by December. Jeremy Zirin, chief equity strategist at UBS Wealth Management Americas, says the Fed was expected to hold off on a rate hike today.

Business

Asia central bank doves flutter wings as Fed takes its time

Federal Reserve's decision to stick to the status quo, as well as rising commodity prices . With the global economy showing few signs of rebounding and investors fretting about the limits of monetary easing by major central banks, the BOJ's move came mostly as a welcome relief for markets.

Business

Twitter initiates talks with tech companies over sale

CNBC said some of the potential buyers for the microblogging platform include Google , and Salesforce .com, with TechCrunch reporting Microsoft and Verizon are also interested parties. But Twitter , which boasts a market capitalisation of $16 billion continues to struggle to expand its user-base, despite its recent move to ramp up video content.

Business

Twitter reportedly in talks with Google, Salesforce for potential sale

Twitter has also signed a deal with the National Basketball Association that would allow the company to stream two new, exclusive shows and additional video. Twitter's board met several weeks ago after hearing from Salesforce , said the people, who asked not to be named because the information isn't public.

Business

NY governor's ex-aide among 9 charged with bribery, fraud

He worked for his father, former New York Governor Mario Cuomo. Joseph Percoco is the former executive deputy secretary to the governor. According to the complaint, Competitive Power Ventures Holdings paid more than $287,000 in bribes to Percoco and his wife in exchange for official help in winning a state contract worth more than $100 million, which was to be used to finance a almost $1 billion power plant in Wawayanda, New York .

Business

Market report Fed rate rise a no-go, stocks jump

The S&P TSX index was down 29.69 points, or 0.2 per cent, to 14,767.49 in early trading. Markets are pricing in on a 60% chance of a rate increase in December. economic situation, strengthening the belief that the Fed will indeed raise the interest rates in December. German Bund yields also fell 0.4 basis points to minus 0.088 percent DE10YT=TWEB.

Business

Sebi Eases Norms For Real Estate, Infrastructure Investment Trusts

REITs will be allowed to invest up to 20 per cent in under-construction assets and the definition of real estate projects has been expanded to include hospitals and hotels. Further, holding company would be allowed to distribute 100% cash flow realised from underlying SPVs and at least 90% of the remaining cash flow. The move assumes significance in the wake of the government already having announced tax incentives for offshore fund managers willing to relocate to India.

Business

Soothing Fed Gives Stocks Their Mojo

The US Federal Reserve agreed to keep interest rates on hold at its meeting yesterday but a split amongst policymakers has raised expectations of a December rate move. "The market has come to the conclusion that everything is fine: central banks are still there, supporting equity markets and keeping yields low", said Daniel Morris, an investment strategist at BNP Paribas Investment Partners.BNPQY 3.62 % .

Business

Stocks jump as Fed holds rates steady

TVC NEWS Wall Street rose on Wednesday, helped by gains in technology and energy stocks, ahead of the Federal Reserve's decision later in the day. QUEASY FEELING: Health care and household goods companies, which made the biggest gains on Tuesday, lagged the market.


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