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85 dead in Aleppo airstrikes amid fiery words at UN over Syria

The U.S., the United Kingdom and France had requested the emergency meeting after the Syrian military on Thursday announced a new offensive on east Aleppo. "A so-called military solution is impossible, including in Aleppo", he stressed. "I just need to explain what working with our American colleagues is like", he said, telling the 15-member council that Washington had failed to rein in violence by the rebel forces it backs in Syria.

Business

Eight Times Stumpf Was Hammered by Senators

Wells Fargo told CNBC that Stumpf "made a personal decision to resign" as the council's Twelfth District's representative. Stumpf appeared in front of the Senate Banking Committee, where Sen. The employee got a paycheck, possibly a bonus. Investor Warren Buffett doesn't plan to discuss the employee misconduct at Wells Fargo before November even though his Berkshire Hathaway conglomerate owns roughly 10 percent of the bank.

Business

Presidential Debate 2016: What Time Does It Start?

Sure. In fact, I have an over-under bet for a case of beer with one of my debating graduate assistants of 30 minutes. The debate will be broadcast on the BBC News Channel and Channel 4 and on all the major television networks in America - such as ABC, CBS and Fox - many of which can be viewed in Ireland.

Business

Theresa May Must Opt for a 'Soft' Brexit — George Osborne

He said however that Britain would still play a role in European defence after it has left the bloc. Boris Johnson has hinted that Britain may invoke Article 50 to kickstart its exit from the European Union as early as next year. "If you are a research-intensive university, like the University of Cambridge, you've got very serious amounts of money tied up in this", Sheffield Hallam University vice-chancellor Chris Husbands told the Guardian.

Business

CBS4 Analyst: Trump Has Opportunity To Capitalize In Monday's Debate

When asked about why Trump would make a definitive statement about something he didn't know , Conway told MSNBC's "Morning Joe": "He didn't lie". For the first time in the US presidential campaign, the two major candidates will face each other in a live debate. Clinton has accused Trump of racism and of being temperamentally unfit for the Oval Office.

Business

Sales of new homes tumbled 7.6 percent in August

New single-family home sales dropped 7.6% between July and August to a seasonally adjusted annual rate of 609,000, the Commerce Department reported Monday. New home sales have also benefited from a dearth of previously owned houses available for sale. The median sales price of a new home was $284,000, while the average sales price was $353,600.

Business

How to join Clinton, Trump supporters at presidential debate watch parties

Trump, on the other hand, first took part in debates this primary season, sharing the stage with various combinations from three to 16 opponents. The latest Reuters/Ipsos poll finds Clinton leading Trump nationally by 4 percentage points.

Business

Russian Federation accused of possible Syria war crimes

On the sidelines of the meeting, U.N. Secretary-General Ban Ki-moon urged the Security Council to force a halt to the hostilities in Aleppo, and he condemned Russian Federation and the Syrian government's alleged use of bunker busting bombs, which are created to penetrate underground facilities.

Business

Wells Fargo fiasco should have been Hillary Clinton's moment: Wells

Altogether, Wells Fargo opened more than 2 million deposit and credit card accounts that may not have been authorized, the CFPB said in announcing the penalties on September 8. But that "cross-selling" strategy is now under intense scrutiny after the bank was caught creating over 2 million fake bank and credit card accounts without the knowledge or consent of its customers.

Business

Oil Prices Fall Ahead Of Expected US Crude Stock Build

Both crude benchmarks are extending moderate gains on Tuesday. "Regardless of the weekly inventory reports in the USA, all the signs point clearly to an oversupply given the high level of production that is under way everywhere", said Commerzbank in a note.

Business

Algeria says all options 'possible' for Algiers OPEC gathering

Ecuadoran President Rafael Correa on Saturday said that he hopes OPEC countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria , warning of "serious risks" for the group if they do reach a deal. Reports about the possibility of an output freeze deal have been mixed this week, but today's reports are what's driving prices down, DeAngelis noted.

Business

Vikings' Peterson set for knee surgery

Peterson has a history of healing fast. According to the team, the lateral meniscus fix surgery was performed Thursday morning by team physician Chris Larson at Twin Cities Orthopedics. "I feel awful for him, " Stoops told the Pioneer Press. The Vikings fourth-year defensive tackle's surgery was reportedly on his meniscus, and was a trim that will only cost him "roughly" six weeks, according to NFL Network's Mike Garafolo .

Business

Fed's internal split tied to dueling views on jobs outlook

USA stock indexes opened lower on Friday but were poised to end the week higher after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. That's one reason why we hear so many conflicting views from different Fed officials recently, and why their strategy revisions are so frequent. Endo International ENDP.O shares jumped 15 percent after the drugmaker announced a new chief executive.

Business

Golf Has Lost The Greatest - RIP Arnold Palmer 1929

The CEO of Arnold Palmer Enterprises Alastair Johnson revealed that the veteran golfer died on Sunday afternoon. Palmer is credited with helping to elevate golf from the elite country club pass time to the sport that is played by millions around the world today.

Business

Democratic VP candidate raises debate expectations for Clinton

Trump supporters will attend a $27-per-person dinner and debate-watch gathering at Toscana Brick Oven in the Southpointe complex, 1800 Main St., Cecil. Priebus appeared on Fox New Channel's "Sunday Morning Futures". He said: "We want this to be about the issues". Then they'll get a chance to respond to each other.

Business

Lanxess to buy Chemtura in $2.7 billion chemical-company merger

Under the terms of the deal, Chemtura shareholders will receive $33.50 a share in cash for each of their shares, which is a premium of about 19% to the closing price on Friday. The announcement of the transaction late Sunday comes after a yearlong quest to generate shareholder value, Chemtura Chairman and CEO Craig Rogerson said in a written statement.

Business

Prince George leaves Canadian PM Justin Trudeau hanging 0

William and Kate travelled Sunday without their children, three-year-old Prince George and Princess Charlotte, who is one. Upon their arrival, the Duke and Duchess of Cambridge were met by a massive crowd assembled. Apparently, Prince George has better things to do with his time. Ahead of the visit, Heiltsuk First Nation Chief Marilyn Slett said in a statement: "We are greatly honoured to be in the world spotlight with this recognition of our work to protect our lands, waters and ...

Business

Fed Leaves Rates Unchanged, Statement Signals December Hike

The central bank said risks to its economic outlook are "roughly balanced". Officials are now projecting a move to a 0.65 percent rate this year, up from a current level of 0.4 percent. They now expect rates to hit 1.1 per cent at the end of 2017, down from a forecast of 1.6 per cent in June. Three out of 10 of the USA central bank's policymakers voted against the decision to hold rates.

Business

US accuses Russia of "war crimes, barbarism" in Aleppo

The ceasefire between rebel and government fighters was called to let aid and supplies in, but it ended badly when an aid convoy was hit in an airstrike. "In short, it is hard to deny, that Russian Federation is partnering with the Syrian regime to carry out war crimes", British ambassador Matthew Rycroft said, adding that incendiary munitions "indiscriminate in their reach" were being used against Aleppo civilians.

Business

Democrats and Republicans Unite to Rip Mylan CEO for EpiPen Price Hikes

Bresch tried to explain why EpiPen prices have climbed more than 500 percent in just the last 9 years as top execs got huge raises. Lawmakers on Capitol Hill questioned the CEO of Mylan, Inc. Holding up an EpiPen, he said: "the actual juice that's in here that you need costs about a dollar". Mr Chaffetz said executives for the company made $US300 million ($NZ408 million) over five years while the list price for a pair of the emergency allergy shots rose.

Business

Charlotte police release footage of Scott shooting

After darkness fell, dozens of people took to the streets to urge police to release dashboard and body camera video which could show what happened more clearly. After reviewing the footage, the family's attorney said in a statement that it's "impossible" to detect what Scott is holding and at no point did Scott appear or act aggressively.

Business

Bayer confirms US$66B takeover of Monsanto

After four months of courtship, Leverkusen, Germany-based Bayer AG said Monsanto Co. accepted its third offer. The deal is huge, valued at $66 billion dollars. Werner Baumann (left), CEO of Bayer AG, and Hugh Grant, Chairman and Chief Executive Officer of Monsanto . Bayer shares rose 0.6 percent in US trading Wednesday to close at at $104.85.

Business

British CEOs Consider Relocation After Brexit -- KPMG Survey

A survey also released today by PwC/CPI revealed that 72% of asset and wealth managers are now more anxious about their companies' business prospects than they were three months ago. The British pound has tumbled back to near Brexit lows. John Nelson, chairman of Lloyd's of London, told Reuters last week that the insurance market would be ready to move some of its business to the European Union as soon as Britain invoked Article 50 of the EU's Lisbon Treaty, which triggers the start of ...

Business

European Parliament chief Martin Schulz warns 'no a la carte' over Brexit

Mr Johnson, who spearheaded the campaign to leave the EU in Britain's June referendum, said on Sunday that Britain should exit before the next European Parliament elections in May 2019. The People's Challenge, which is financed by a crowdfunding campaign, said it had planned to make public the government's written legal defence of its position on triggering Article 50 alongside its own lawyers' submissions to court so that the country could see and engage with the competing arguments.

Business

HP Inc buys Samsung's printer business for $1bn

HPQ recently signed a deal to acquire Samsung Electronics' printer business for a purchase price of $1.05 billion. HP was split into two companies at the end of previous year - one focusing on PC and printing businesses and the other for HP's software, server, storage and networking services.

Business

Oil Rises as Investors Watch Fed Meeting

Brent for November settlement rose as much as 90 cents, or 2 per cent, to $46.78 a barrel on the London-based ICE Futures Europe exchange. "It's necessary at least to reduce by 1 million barrels a day to re-balance the market". OPEC will hold an informal meeting on the afternoon of September 28 after the closing session of the International Energy Forum conference, Bouterfa said.

Business

Yen dips on bets Bank of Japan to further lower rates

Futures traders are now pricing in a 12% chance of a rate increase in September, down from 15% on Wednesday, according to the CME Group's FedWatch tool. The SNB warned that significant risks remained after sticking with its ultra-loose monetary policy and currency intervention, while the BoE said it was still likely to cut interest rates to just above zero this year.

Business

Samsung Could Resume Note 7 Sales In The US October 21

Samsung has sold 2.5 million phones equipped with the suspect batteries , and the recall may cost it upwards of $1 billion (£770 million). This green battery icon will be used in the Note 7's status bar, on the Always On Display screen, and on the Power Off prompt screen.

Business

Prosecution seeks arrest of Lotte chairman in bribery probe

Senior Prosecutor Cho Jae-Bin of the Seoul Central District Prosecutors Office revealed on the day that Shin is suspected of embezzling 170 billion won (some 1.5 billion USA dollars).Earlier on September 20, 2016 Shin was summoned to the prosecutor's office for investigation.

Business

Endo Replaces CEO De Silva With Campanelli After Stock Slump

Campanelli was CEO of Par, then became president of Endo's generic and over-the-counter drugs business following the accord closed. Specifically, during his tenure, Par significantly raised total revenue, attained JHP Pharmaceuticals and established a presence in the European generics market.

Business

Marriott's Starwood purchase makes largest hotel chain

The overall global travel market - for both domestic and worldwide travel - is increasing because of the growing middle class in many developing countries, Mr. The second reason we will keep these brands is the hotels are owned by third-party real estate investors. However, that doesn't mean there can't be changes to brands.

Business

Jabil Circuit Inc. (JBL) Stock Rating Lowered by Needham & Company LLC

For the fourth quarter of fiscal year 2016, U.S. GAAP (as defined below) operating income was $93.8 million and U.S. GAAP net diluted earnings per share was $0.20. The stock has its Price to Earnings (P/E) ratio of 14.21 and Forward Price to Earnings ratio of 11.03. Northwestern Mutual Investment Management Company LLC now owns 33,007 shares of the company's stock worth $610,000 after buying an additional 132 shares in the last quarter.

Business

Mortgage approvals at 19 month low, but consumer credit soars

Numbers of mortgages loans approved in the United Kingdom dropped off for the third consecutive month in August, according to data from the banking industry published on Monday. "Although lending has shown strong growth over the past few years, mortgage approvals have been relatively flat and further increases in house prices could dampen market activity in the future, potentially causing growth in mortgage lending to slow".

Business

Oil worries weigh on Saudi and UAE shares

Unless someone comes in to dispute Friday's news that Saudi Arabia does not expect a decision on production in Algiers , prices are likely to remain under pressure this week. Russian Federation is also attending. Oil climbed to a two-week high after rival OPEC members Saudi Arabia and Iran met in Vienna for a second day before the wider group holds talks in Algiers .

Business

Former employees file class action against Wells Fargo

As a retired employee who spent 20-plus years at Wells Fargo, and also as a customer and former shareholder, I have become deeply saddened, disappointed, embarrassed, and very angry about the events have come to light in recent weeks about Wells Fargo's bogus customer accounts that were created to meet onerous sales targets set by management.


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