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Fed outlines which banks would get 'stress test' relief

The eight banks expected to be subject to the new tougher capital requirements are Bank of America (BAC), Citigroup , (C) Wells Fargo (WFC), JPMorgan Chase (JPM), Goldman Sachs (GS), Morgan Stanley (MS), Bank of New York Mellon (BK) and State Street (STT).

Business

Yahoo Hacked: What It Means for Small Business

Are companies taking enough steps to secure, as best they can, customer information? The account information of at least 500 million users was stolen by hackers in 2014, including names , email addresses , passwords, telephone numbers , and answers to some security questions.

Business

China's Wanda Group in talks with Dick Clark Productions

TheWrap previously reported that Dick Clark Productions was looking to sell to a Chinese buyer at a $1 billion valuation. Investment firm Guggenheim Partners bought Dick Clark Productions in 2012 for about US$380 million from RedZone Capital Management, a private equity firm run by Washington Redskins owner Daniel Snyder.

Business

Mylan Understated Its Profit Margin: Included Taxes When Giving Figures to Congress

According to a poster that showed how various costs affected the profits the company earned from EpiPens, Mylan's average revenue per two-pack was actually $274. The company says that the updated figures clarify that the numbers were after taxes. "It's just that it's being taxed at a much lower rate because of the tax-avoidance schemes that [Mylan] and many other companies use".

Business

Clinton and Trump face off in first debate

From Hillary's emails (yep, people still go on about that) to Donald's flat-out lies and ignorance of what a blind trust is, take your lunch break to get the gossipy highlights so you're ready with a "did you know", no matter what topic comes up during tonight's debate.

Business

Mexicans prefer Clinton to Donald Trump, poll shows

The surveys hit ahead of tonight's first debate featuring Clinton, the Democratic nominee, and Trump the Republican nominee. The current record for a televised presidential debate is 80.6 million viewers, set by the 1980 encounter between the Democratic incumbent, Jimmy Carter, and his Republican challenger, former California governor Ronald Reagan.

Business

Resounding victory my mandate to lead Labour - Jeremy Corbyn

Corbyn, 67, attracts a devoted following, but his election to leader past year on a wave of enthusiasm for change also unleashed a backlash against centrist members of parliament where personal attacks, allegations of anti-Semitism and abuse left little room for debate over policy.

Business

Hazard: No excuse for Arsenal defeat

The Germany global recorded his second goal of the season late in the first half to wrap all three points up for the Gunners. The three players were all key for the Gunners this weekend as they beat Chelsea at the Emirates. "Today he is 50-50". "It was a big blow for Walcott not to go to the Euros. He does the job both ways and he does it with commitment". This was their best performance in years, thanks to the pace and incision provided by Walcott and Alexis Sanchez up front.

Business

Loras Poll: Clinton, Trump deadlocked in Iowa

And it won't even be close. An estimated 90 million people were expected to watch the Democratic and Republican candidates go toe-to-toe for 90 minutes starting at 9.00pm (9.00am Singapore time Tuesday) on the stage at Hofstra University in NY.

Business

Bills push panic in Week 2

The Bills are 0-2 after losing to division rivals the Patriots and Jets in back to back weeks, and they fired their offensive coordinator , Greg Roman , on Friday following the team's Thursday night loss to NY. "It's only the second game, and we're still getting better", coach Todd Bowles said Friday. Fitzpatrick finished 24 of 34 for 374 yards and a 5-yard touchdown pass to Eric Decker.

Business

Deutsche Bank shares plunge to lowest level in 20 years

Analysts also attributed some of the losses to a local magazine report over the weekend suggesting German Chancellor Angela Merkel would rule out assistance for the lender, whose shares are down more than 50% so far this year. The case concerns allegations that the bank misled investors about the quality of subprime mortgage bonds it created and sold during the US housing boom that led to the 2008 crisis.

Business

Jill Stein aims to crash TV debate as Greens 'occupy' Hofstra

According to her Twitter account, Stein says officers from Hofstra and from Nassau County, New York, stopped her and asked her to produce credentials as she was on her way to a scheduled interview with MSNBC. In 2012, Stein and her running mate were arrested outside Hofstra University when they tried entering the premises during a presidential debate between President Obama and then-Republican nominee Mitt Romney.

Business

Harper injured after fake tag, benches clear, Nats top Bucs

Harper went down, was checked by a trainer and stayed in. "How could you defend throwing the ball behind someone's head for whatever reason?" Kang came to bat the next half-inning and the first pitch from Nationals starter A.J. Three batters and two hits later, Harper's replacement Heisey singled home the go-ahead run. Shawn Kelley tossed a quick, 1-2-3 eighth. (Or maybe 21-man, since teams are able to get through the regular season without using four of the starting pitchers on their ...

Business

Twitter In Talks To Explore Sale

Twitter is reportedly in talks with several companies that are interested in buying the social media site. Verizon, another company mentioned in media reports on Friday as a possible suitor, said it did not comment on M&A rumors but that it had not submitted a bid for the company.

Business

Effects of pipeline leak still affect nation's gas prices

Florida's average gas price declined for the 25th consecutive day on Sunday , for a total discount of 8 cents. "While it appears that the worst may be behind us, we're not out of the woods yet, where gasoline inventory levels are concerned", Gregg Laskoski, senior petroleum analyst for GasBuddy, said.

Business

United Nations steps into Dakota oil pipeline fight

Following Standing Rock Sioux Tribe Chairman Dave Archambault II's request for support, the Mille Lacs Band of Ojibwe passed an official resolution supporting the Tribe's efforts to stop construction of the Dakota Access Pipeline project in North Dakota on September 8.

Business

Ted Cruz is backing Donald Trump now

Trump said in a statement that he was "honored" to have Cruz's endorsement: "I am greatly honored by the endorsement of Senator Cruz". "I am truly grateful for his endorsement of our ticket and look forward to working with him to advance Donald Trump's agenda to make America great again".

Business

Curfew lifted in USA city despite continued protests

Protests continued in uptown Charlotte Sunday for the sixth straight day following the deadly officer-involved shooting of Keith Lamont Scott. Under public pressure, the Charlotte police on Saturday released two police videos of the shooting, in which Scott was not shown pointing a gun or threatening the officers.

Business

Eldorado Gold Corporation (NYSE:EGO)

Barrick Gold Corporation (NYSE:ABX) shares have been given an average broker rating of 2.87 by Wall Street analysts covering the stock. 4,024,355 shares of the company's stock traded hands. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,060 shares of the company's stock valued at $877,000 after buying an additional 1,224 shares in the last quarter.

Business

Ryder Cup 2016: European captain declares his team underdog

They will meet McIlroy, Sergio Garcia, Justin Rose, Henrik Stenson and Matt Fitzpatrick, plus remaining vice-captain Ian Poulter, who are already in America. "The comments have been quite amusing but we are just going to go out there and try to play golf". It was a little bit of work but it evolved quite quickly.

Business

United States presidential debate: where and when to watch it

Many experts believe more than 100 Million people will be tuning in tonight. PHOTOS: Always On Call - Hillary Clinton Exposed As Demanding Boss From Hell! Clinton, looking to become the first female US president, is the more seasoned debater, having gone head-to-head against political opponents over the last 16 years, including Obama in the Democratic presidential nominating contest she lost to him in 2008.

Business

Fed will raise United States interest rates - but not yet

But in a sign of growing confidence, the Fed said the near-term risks for the economic outlook "appear roughly balanced". The Japanese yen and United States dollar settled on Friday after a bumpy week driven by sharper monetary policy signals from the Bank of Japan and Federal Reserve .

Business

Philip Morris International: 3 Dividend Facts You Should Know

U.S. based company, Philip Morris International , Inc.'s (PM)'s latest closing price distance was 6.37% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 1.61% and 1.43% compared with the 20 Day Moving Average.

Business

Fed to Ease Stress Tests for Regional Banks

Shares of Goldman Sachs sank 2.1% on the stock market today, piercing its 50-day moving average after back-to-back days of negative regulatory news. Banks below that threshold would not have to satisfy the new standard. The bank denied the reports and said it doesn't plan to increase its capital. The Fed's stress test considers how roughly 30 banks could weather a downturn lasting more than two years.

Business

Deutsche Bank shares fall sharply after report

And with cash flow under pressure from its the recent $14 billion proposed settlement with the U.S. Department of Justice over allegations of mis-selling mortgage securities, Deutsche Bank may yet be the world's riskiest globally significant lender, making DB stock untouchable beyond a short.

Business

Trump Campaign Manager Bashes Reporters Ahead Of First Debate

Donald Trump's campaign manager says her boss' comment that presidential debate moderator Lester Holt is a Democrat isn't a lie, because the candidate didn't know Holt's voter registration. "Excuse the Trump campaign if we feel like we can't get a fair shake from certain people", she said. "I don't understand what that has to do with Mark's question", Brzezinski said as Conway complained about unfair media coverage.

Business

Jewish peer resigns from Labour party after Corbyn re-elected

Corbyn won nearly 62 per cent of more than half a million votes cast, an increase of more than 2 per cent on his margin past year. Asked whether he wanted sitting MPs to be reinstated in the upcoming redrawing of boundaries, or if he would prefer a set of candidates with views closer to his own, Mr Corbyn said: "Listen, I wish them well".

Business

4 reasons OPEC will struggle to boost oil prices

The price on Friday was $44.48 a barrel. "It's well known Opec members are facing huge revenue shortfalls and they need to agree a co-ordinated cut in production". "So it's important to see what measures can be adopted in the short term and very short term to find a solution to this situation that isn't helping any OPEC country".

Business

How to Watch Tonight's Presidential Debate without Cable

But look for both candidates to more subtly project health and stability. Two-thirds believed that Trump lacked the temperament necessary in a president. In a race as riotous as this one, voters have had few opportunities since the primary season to ponder the candidates. She said, "I'm looking for her to adequately and, actually, wonderfully express her ideas for America and the future".

Business

Hollande calls on United Kingdom to help move migrants from crowded French camp

Mr Hollande made the remarks on a landmark visit to Calais where he also repeated his plan that the Jungle camp be "completely dismantled" by the end of the year. At present, almost 10,000 undocumented immigrants are gathered in Calais as they wait for an opportunity to cross the Eurotunnel that runs under the British Channel to arrive in the United Kingdom.

Business

Obama says Palmer was the American dream

Arnold Palmer, one of golf's most iconic and transformative figures, died Sunday at the University of Pittsburgh Medical Center Shadyside. "He invited me in to the garage, I couldn't believe it", said Bryan Azevedo, who was staying at a friend's house in the gated community near the golf course.

Business

The regions should 'take back control', says John McDonnell MP

Regions likely to benefit most from the scheme would be Wales, which is allocated 2.4 billion euros (£2.1bn) under the current seven-year programme, the South West, which is due to receive 1.5bn euros (£1.3bn) and the North West, with an allocation of 1.13bn euros (£979m).

Business

Yahoo hack hit 500m users, likely 'state sponsored'

Yahoo! Inc . said on Thursday at least 500 million user accounts were affected by a massive data breach. Why Did Yahoo Take So Long To Find The Data Breach? The company said it believes the details were taken by a state-sponsored hacking group and is advising users who may have been affected to change their password.

Business

Gold steady, set for biggest weekly gain in two months

The Fed meeting book-ended a day which began with the Bank of Japan embarking on an innovative new stance of targeted long-term bond yields to fight disinflation and get its economy moving. The central bank said risks to its economic outlook are "roughly balanced" - marking the first time it has used that wording since last December, when it most recently raised rates.

Business

Disney Is Thinking About Buying Twitter

Growth essentially came to a standstill previous year, and has only been slowly recovering in recent months. The 52-week range for the stock is $13.73 and $31.87. Disney , if it decides to make a bid, would be able to help the company further its video-streaming media strategy. With Jack Dorsey of Twitter sitting on the board of Disney , and the social media company taking steps to move into the world of media streaming off the back of partnerships with the National Football League and ...


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