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Networks Will Probably Be The Real Winners Of The Presidential Debates

Ms. Clinton first invited billionaire Mark Cuban - who has been a bugbear for Mr. Trump for years - to be in the front row during the debate . "If dopey Mark Cuban of failed Benefactor fame wants to sit in the front row, perhaps I will put Gennifer Flowers right alongside of him!" It's quite possible that a few sharp questions from the moderator or a stinging rebuttal from Hillary Clinton will cause Donald Trump to lose the tenuous hold he has on his own temper and rationality.

Business

Wozniacki turns back Radwanska to reach final

Wozniacki, who reached the US Open semi-finals earlier this month to signal her return to form, roared into a 5-0 lead in the second set as Osaka's game unravelled in the Tokyo sunshine. Caroline Wozniacki and Naomi Osaka did not come out of the Tokyo championship match unscathed. "She is very young and she played very well", said Wozniacki.

Business

CISAC Calls for Further Measures On EU 'Copyright Package'

The Commission has proposed a new European Electronic Communications Code with rules created to make it more attractive for all companies to invest in new infrastructure everywhere in the EU, both locally and across national borders. Britain, which voted to leave the European Union on June 23, had previously strongly opposed any move towards an European Union army. You are reading news and information on LongIsland.com, Long Island's Most Popular Website, Since 1996.

Business

Deutsche Bank faces US$14bn United States settlement bill

In late 2013, Deutsche Bank agreed to pay $1.9 billion to settle claims that it defrauded United States government-controlled Fannie Mae and Freddie Mac, America's biggest providers of housing finance, into buying $14.2 billion in mortgage-backed securities before the 2008 financial crisis.

Business

Federal Reserve will not raise interest rates for at least another month

Although it hailed a pickup in economic activity since the sluggish first half of the year, the policy-making Federal Open Market Committee showed uncertainty about some persistent weak signs in the economy, and cut their 2016 growth forecast to 1.8 percent, down from 2.0 percent in June.

Business

Google or Salesforce might buy Twitter

The American business news channel CNBC reported it could receive a formal offer soon. CNBC reported that according to sources , Twitter's board of directors were eyeing a deal but no sale was imminent. Twitter shares rose sharply to $22.77, up 22 percent. US-listed Twitter shares were up 3.38 U.S. dollars at 21.95 United States dollars per share.

Business

Arnold Palmer, one of Golf's greatest players, dies at 87

Palmer was notably the first client of Mark McCormack's sports management firm IMG. "Arnold transcended the game of golf. He was an iconic American who treated people with respect and warmth, and built a unique legacy through his ability to engage with fans".

Business

China Takes Its Turn in Cuba

Li highlighted the reboot in bilateral relations after a decade of cooling under the previous Canadian administration, calling for "a new golden decade" between the two countries. Presidents of the Cuba Chamber of Commerce and the China Council for the Promotion of International Trade, Orlando Hernandez and Jiang Zengwei respectively, signed the document in the presence of Cuban Minister of Foreign Trade and Foreign Investment (MINCEX), Rodrigo Malmierca.

Business

Trump vs. Clinton debate: Let the psychological games begin

Two days before the first presidential debate that could determine the trajectory of the general election, Donald Trump took to Twitter to taunt Hillary Clinton with the possibility that he would invite one of her husband's former mistresses to sit in the front row.

Business

Trump promises to recognise Jerusalem as Israel's capital, if elected

Trump and Netanyahu discussed "at length" Israel's use of a fence to help secure its borders, an example Trump frequently cites when he's talking about the wall he wants to build between the USA and Mexico. The candidates are to have an opportunity to respond to each other, which would make it a true debate. Despite the fact Trump's daughter Ivanka converted to Judaism upon her marriage to property developer and top Trump campaign aide Jared Kushner in 2009, he has made some missteps so ...

Business

Ecuador hopes OPEC will reach agreement in Algeria, warns of risks

Stockpiles remain at the highest seasonal level in more than 20 years. The sources added that Riyadh had voiced readiness to cut its oil production to levels seen early this year in exchange for Iran freezing its output at the current level of 3.6 million barrels per day (mb/d).

Business

Global Stocks Head for Best Week Since July

The two best-performing parts of the S&P 500 this year are utilities and telecoms, up 18% and 15% respectively. HSBC economists issued a report expressing doubt that the Fed will even hike in December, and rates overall remain low and monetary policy accommodative.

Business

Global stocks climb, dollar falls as Fed holds rates steady

Most market participants expect the Fed to raise rates in December. Yellen said the Fed is trying to "decide what the best policy is to foster price stability and maximum employment to manage the variety of risks that we see as affecting the outlook".

Business

Gold Set for Biggest Weekly Gain in Two Months

The European oil and gas index rose 2.4 per cent, helped by a 2.4 to 5.1 per cent rise in BP, Total and Saipem. 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

Theresa May moves to reassure USA financial giants over Brexit

Labour Treasury spokeswoman Rebecca Long-Bailey highlighted a warning from the House of Commons Treasury Committee on Tuesday that more than 5,000 UK-based firms rely on passporting arrangements to sell financial services on continental Europe.

Business

Oil prices rebound after Algeria says all options open at OPEC meeting

Europe's STOXX 600 closed down 0.7 per cent. Due to some weak economic numbers in the US the chances of a rate hike seem to be diminishing in September and Fed will probably push it out to December. OPEC officials from Saudi Arabia and Iran met this week in Vienna . Venezuela is the most active supporter to the possible freeze deal. Before that happens, however, OPEC nations must believe other countries in the cartel will honour any agreement for coordinated action.

Business

Saudis, Iran don't anticipate oil-freeze deal at OPEC talks

Members of the Organization of the Petroleum Exporting Countries and non-OPEC producers are scheduled to meet September 28 in Algeria in a bid to reach a deal to boost prices by limiting oil production. "It is a meeting being held for other reasons, but all the OPEC members will be there, so we hope to have other informal meetings and reach agreements to stabilize the oil market", Correa said in his weekly televised broadcast.

Business

World stocks gain, dollar falls after Bank of Japan; eyes on Fed

The US dollar fell after the Federal Reserve left its key interest-rate target unchanged and emphasised a gradual path toward tighter monetary policy, dimming the outlook for increases through the end of next year. Three of her colleagues on the Fed dissented from the decision to hold rates steady. The dollar had already been on the defensive against the yen before the Fed's policy statement, as the yen pushed higher after the Bank of Japan overhauled its policy focus.

Business

Yen Firm Before Fed And BOJ Meeting

Japan's Topix index rose 0.3 per cent. Australia's S&P/ASX 200 Index gained 0.4 per cent. The city's Nikkei index ended 0.7 percent lower. Markets in China, Taiwan and South Korea were closed for public holidays on Thursday. "We also look for the BoJ to announce a change to the composition of its asset purchases, with a focus on steepening the yield curve ", she said. "When it comes to margins, because of negative rates and the competitive environment, they continue to be compressed", ...

Business

US Treasury's Lew faults 'bad behavior' at Wells Fargo

WASHINGTON, Sept 13 Wells Fargo's practices of putting customers into fake accounts, which last week led the USA government to fine it $190 million, took center stage in Congress on Tuesday with staff members for Republicans on the Senate Banking Committee set to meet with representatives of the bank.

Business

Lawmaker Says Mylan's Lobbying Opened Door For EpiPen Scrutiny

Bresch earned $18 million previous year. Bresch argues with law makers that the company is not profiting much from the recent increased prices of now more than $600 for the lifesaving pens. Critics say EpiPen would remain profitable at a lower price. "Parents don't have a choice", Chaffetz said. He also pointed out that the FDA has approved four other epinephrine injector products, two of which are still on the market.

Business

Florida State focuses on problems ahead vs. South Florida

No. 13 Florida State will face another potent offense with a mobile quarterback this week in South Florida . But FSU's porous defense, which surrendered eight touchdowns in a 63-20 defeat at Louisville, gave up four big plays that led to Fisher's subdued temperament in the team's first game since its blowout loss at Louisville on September 17.

Business

Cuomo's 'Enforcer' Buddy Faces Bribery And Fraud Charges

A top aide to New York Governor Andrew Cuomo was charged in a complaint September 22 for taking hundreds of thousands of dollars in bribes from companies seeking to claim state-funded contracts. Over at the executive branch, Percoco , 47, served as Gov. Cuomo's deputy secretary, confidant to his and his father's administrations, and "gatekeeper" between January 2012 and mid-2014.

Business

Venezuela Says OPEC, Non-OPEC Oil Stabilizing Deal Close

Brent crude futures were up 65 cents at $46.53 a barrel, while the US West Texas Intermediate (WTI) crude futures increased 85 cents at $44.90 a barrel, Reuters reported. The OPEC Secretary General also observed that the UAE Energy Ministry has been "consistent and constructive" in its statements concerning the oil market, something he hoped would continue in the future.

Business

What we learned from the Washington Redskins win against NY

Breeland was mostly going to cover rookie Sterling Shepard in the slot with veterans Josh Norman and Greg Toler outside. Ironically, Giants center Weston Richburg was tossed for picking up two unsportsmanlike penalties, the second after blocking Norman and saying something to him.

Business

Fed will raise U.S. interest rates - but not yet

The central bank characterized the near-term risks to its economic outlook as "roughly balanced". IBD'S TAKE: Some bank stocks have traded more tightly as Wall Street speculates whether the Federal Reserve will decide to hike rates this year.

Business

Doubts, Protests follow release of police shooting video

The officers saw Scott rolling a marijuana cigar, or blunt, though they didn't consider it a priority at first, it said. In one of the police videos, a dashboard-mounted camera from a squad auto showed Scott exiting his vehicle and then backing away from it.

Business

Half of Rolling Stone sold to Singapore music company

A local startup, started by the son of palm oil tycoon Kuok Khoon Hong, has taken a 49 per cent stake in the iconic United States magazine Rolling Stone . According to data quoted in other reports provided by Rolling Stone , ad pages fell by 14 per cent at the magazine between January and August compared to the same period a year ago.

Business

Oil prices increase due to fall in U.S. crude inventories

World oil prices sank Wednesday as traders eyed rising gasoline and distillates stockpiles, amid ongoing jitters over the stubborn global crude supply glut, analysts said. That's down to growth of 1.6 million in the first quarter of this year, 1.4 million in the second quarter and, "worryingly", a projected growth of 800,000 barrels in the third quarter of this year, he said.

Business

Rory McIlroy wins $11.5 million playoff with some jaw-dropping golf

Dustin Johnson and Kirkland homeowner Kevin Chappell share the lead entering Sunday's final round of the Tour Championship, the last event in the four-tournament FedEx Cup playoffs. "First and foremost I need to go out tomorrow and try to win the golf tournament", McIlroy said. In addition to the FedEx Cup, several players are trying to make their case to be the final man who will be selected to compete in next week's Ryder Cup.

Business

Fire breaks out on Mexican state oil tanker in Gulf of Mexico

Firefighting boats were battling the blaze aboard the Burgos , which is owned by state oil company Petroleos Mexicanos , or Pemex. In 2013, 37 people were killed by a blast at Pemex's Mexico City headquarters, and 26 people died in a fire at a natural gas facility owned by the company in northern Mexico in 2012.

Business

Algeria urges Opec decision to stabilise oil price

I'm not saying that this will happen, but the possibility that it might makes this meeting in Algiers the most significant thing happening in the next few days. Saudi Arabia has reportedly announced that it is ready to reduce its oil production if Iran agrees to freeze its own output over the remaining months to the end of 2016, Reuters reported on Friday.

Business

Atlanta Advisor: Fed Could Raise Interest Rates in December

It was the most "no" votes since the December 2014 meeting. "Inflation has continued to run below the committee's 2% long-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports". Only 6 percent of those surveyed expected the Fed to raise rates, with the majority believing it would wait until December. The independent bank regulatory agency, which is operated by the major banks with some federal input, said Wednesday the USA job market has ...

Business

Clinton Proposes Estate Tax Hike

But the combination of the 65% top estate tax and the change to capital-gains rules could lead to significant increases in effective tax rates at death on some people - including, for example, Mr. Targeting the estate tax is only the most recent tactic of having the wealthiest in the nation pay more in taxes. Both have only proposed reducing the exemption to $3.5 million per person, which is very high by historical standards.

Business

Oil prices rise as U.S. crude stocks drop

U.S. West Texas Intermediate (WTI) crude futures were up $1.05, or 2.4 per cent, at $45.10. "We continue to assume no material difference between the prices of WTI and Brent oil, based on both the feasibility of USA crude oil exports and our observation of this spread being generally much less than $2.5 per barrel in the year to date", S&P said.


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