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Business

Trump, Clinton Clash at First Meeting Over Climate Change, Trade and Energy

The rhetoric from United States presidential nominees "represent a step backward in terms of free trade because neither of them is advocating for TPP and, in varying degrees, they're arguing to put up barriers of protection and our concern is if that happens, we'll see more of that in other countries around the world", Mr Key says.

Business

Iran dims hopes for deal on output freeze this week

Oil prices jumped around 3.0 percent in value Monday as the dollar weakened before a meeting of crude producing nations in Algeria to discuss a stubborn supply glut. "Nobody offered us such proposals", Novak was quoted as telling newsmen in Algeria , adding that at the moment they were only talking about "freezing" the level of oil production.

Business

Deutsche Bank drops further as Merkel gives no sign of help

Deutsche is contesting the fine, which is more than twice the £4.8bn that it has set aside in legal costs and about 80% of its stock market value. But his efforts have been put at risk by the US Justice Department requesting US$14 billion to settle a probe tied to residential mortgage-backed securities, the report said.

Business

Tesla Motors, Inc. (NASDAQ:TSLA) Insider Activities Are in the Air

The new model, Focus Electric, will also pack on an improved range of 100 miles (compared to 76 miles on a full charge as of now.) While that marks a noticeable uptick, the new Focus will likely be no match to Tesla's upcoming Model 3 and GM's forthcoming Chevrolet Bolt, at least on paper.

Business

Irn-Bru maker AG Barr to cut 10% of its workforce

Barr expects to implement the cuts by the end of the financial year. The company is also forecasting a £3 million to £4 million impact on input costs across a number of commodities in the 2017 year if the value of sterling remains depressed.

Business

Deutsche Bank slump rattles European markets

Utermann said that with balance-sheet assets of about $2-trillion Deutsche Bank was "too important to the German economy" for the government to let it fail. Home Depot shed $1.93, or 1.5 percent, to $125.86 and Lowe's fell $1.35, or 1.9 percent, to $71. Drugmakers also fell after Pfizer said wouldn't split up into two companies, as many had hoped.

Business

Clinton, Trump round one a draw

Not only with his comments on memorable Donald Trump quotes and an astoundingly accurate description of the hour-and-a-half showdown, but also with one particular tweet that proved there might have been a better moderator than NBC's Lester Holt.

Business

Arnold Palmer Leaves Golf Footprint at Oglebay

Palmer's everlasting legacy is found in the star players and rich events of today, such as Rory McIlroy and the $11.5 million he won Sunday for taking the Tour Championship and FedExCup playoff crown. And the Ryder Cup made it clear it did not want to go on without Palmer. Pelley says "in this week of the playing of the 41st Ryder Cup in particular, we remember fondly his time as a six-time Ryder Cup player and two-time captain".

Business

DC appeals court hears arguments in Clean Power Plan case

The EPA finalized the plan a year ago, but the Supreme Court in February temporarily blocked, or stayed, the plan from taking effect while the legal challenge against it winds its way through the courts. Meanwhile, other states and local governments, as well as myriad environmental and clean energy groups, have joined the EPA as allies in defense of the CPP.

Business

Key government witness testifies for 3rd day in bridge case

Wildstein said Sokolich was viewed by the administration as a good guy. Wildstein said he told the board member that "there was going to [be] a lot of traffic in Fort Lee, and it came from the governor's office because of Mayor Sokolich". Wildstein said that set in motion a plan to punish the town's Democratic mayor for not endorsing Christie. Christie wound up winning in a runaway over Democrat Barbara Buono.

Business

Wolseley to shed 800 jobs as it closes 80 United Kingdom branches

Wolseley´s bottom-line was also helped by a sharp drop in impairments and exceptional items, from £264 to £96m. Wolseley said its net debt was £936m, from £805m. A strategic review of its Nordic operations was also underway. Headline earnings per share were 247.7 pence, compared to 230.2 pence a year ago. Close Brothers posted its preliminary results for the year to 31 July on Tuesday, with adjusted operating profit up 4% to £233.6m, and adjusted basic earnings per share up 7% to 128.4p.

Business

Six Most Memorable Moments in the Clinton-Trump Debate

Pundits may be discussing the fiery exchange of words during the first presidential debate between Hillary Clinton and Donald Trump , but the candidates' colorful facial expressions told a story on its own. When Clinton suggested that maybe Trump hadn't released his tax returns because he hadn't paid income taxes in every year, he said, "That makes me smart" ― appearing to confirm the fact.

Business

Jibrin shuns House Ethics Committee hearing

The House had last Wednesday given the committee one week to probe Jibrin (APC/Kano) over alleged breach of the 360 members' privileges through his media campaign against Mr. "We suspended our own rules to make this public because Nigerians need to know the process through which we arrive at decisions", Ossai said. The decision to adjourn the hearing follows Jibrin's refusal to appear before the committee.

Business

European shares fall as Deutsche Bank drops to record lows

The bank is so tightly entwined with other lenders that if it were to fail, the International Monetary Fund fears that it could trigger an economic collapse across Europe. US crude gained 3.3% to $45.93 a barrel Monday after prices sank around 4% on Friday. Brent crude, used to price global oils, rose 38 cents to $46.86 a barrel.

Business

Marriott International acquires Starwood to create world's largest hotel group

The corporation has a market capitalization of US$11.94 Billion. Four Points by Sheraton, like all brands within Starwood's portfolio, is proud to offer the Starwood Preferred Guest® program, the industry's richest loyalty program. The merger between Marriott and Starwood is now complete, bringing with it a host of new implications for loyalty members at some of the biggest brands around the world.

Business

Oil price plunges as Saudi Arabia doubts possibility of a deal

Members of the Organization of the Petroleum Exporting Countries, OPEC , are meeting informally on the sidelines of the International Energy Forum in Algeria from September 26-28, where they will discuss a possible deal to limit output. "There definitely seems to be a bigger push towards achieving some co-ordination amongst members this time around, so even if there is no concrete deal in Algeria , this isn't over yet", said Amrita Sen at consultant Energy Aspects Ltd.in London .

Business

Hillary Clinton a clear victor after first presidential debate

Trump stuck to a talking point about how Democrats have taken black voters for granted; "living in hell" are black voters who have been "abused and used in order to get votes by Democrat politicians" who are allowing the chaos to happen. Clinton visited supporters who had attended a debate watch party in Westbury, New York, telling the crowd, "Do you feel good tonight?" Well, I sure do.

Business

Giants centre Richburg 1st NFL player ejected under new rule

In the second quarter, Richburg was given his first unsportsmanlike penalty - which are handed out for abusive language or taunting the opposing team - though it was hard to say what he did to earn it, Dan Duggan of NJ.com explained. Beckham, despite being held out of the end zone, had 11 catches for 128 yards. The matchup wasn't as one-sided as those numbers suggest, though. Also, Redskins center Kory Lichtensteiger, who was poked in the eye earlier in the game, injured his calf on the ...

Business

Senators seek Labor Department probe of Wells Fargo over wage, hour violations

Exclusive discounts on ALM and ThinkAdvisor events. Sen. Warren , the progressive crusader from MA, made the most of her opportunity, calling Wells boss John Stumpf "gutless" and urging him to resign. "His top priority is leading Wells Fargo ". Debit cards were issued and activated, as well as PINs created, without customers' knowledge. Among other stipulations, the FLSA mandates that non-exempt employees receive overtime pay equal to 1.5 times his or her regular rate, if the employee ...

Business

Colbert Knows Exactly Why Donald Trump Kept Sniffling During the Debate

Colbert said prior to the debate, "Democrats have not been this nervous since Anthony Weiner asked to borrow their phone". The host opened with the lopsided expectations for both candidates, drawing the fine line Clinton had to walk between "confident but not smug, knowledgeable without being a know-it-all, charming without being affected, commanding but not shrill, also likable, authoritative, warm and not coughing".

Business

Clinton, Trump: gladiator contest of modern times

During the debate at New York's Hofstra University, with an anticipated audience of up to 100 million, Clinton repeatedly questioned her rival's fitness to serve in the Oval Office. Clinton was able to skillfully deflect that by apologising for her "mistake' of using a private server". There were some key moments as both candidates tried to win over the undecided voters.

Business

Responding to Trump, China says committed to Korea stability

According to Chung, his sources in Beijing said China is likely to participate in a resolution like the one that the United Nations adopted in March against the North. And, in fact, that other deal is, in fact, the worst deal I've ever seen negotiated - that you started as the Iran deal. "And they should have done something with respect to Yemen and all these other places".

Business

Premier Li Says China, Canada Begin Exploratory Talks on Free Trade Agreement

The two countries signed over 20 intergovernmental agreements and business contracts in various fields, including economic, technology, finance and information communications. Li said this reflected, "China's commitment to, and China's goodwill to, farmers and producers in Canada". But he said the treaty would have to spell out clearly that people couldn't be extradited for political crimes, like advocating separatism, and that people extradited wouldn't face the death penalty.

Business

Hosts have won 14 games in a row in major competitions

Team Russia forward Alex Ovechkin (8) looks on in the final seconds of the game as team Canada defeated Russia during third periodsemifinal World Cup of Hockey action in Toronto on Saturday, September 24, 2016. He said he knew every player other than Edmonton youngster Leon Draisaitl, so becoming a team was easy. His electrifying style of play earned him a spot on North America, and he didn't disappoint with a goal and an assist in North America's three tournament games.

Business

Markets Right Now: Banks lead a slump in US stocks

The stock fell as much as 6.9% and traded 6% lower in Frankfurt. Adding to the downbeat mood of the market, United States new home sales slid in August, but by less than Wall Street economists expected, as the market for new home construction cooled following a sharp rise in July.

Business

Mets announcers cry talking about tragic death of Jose Fernandez

When he retired Curtis Granderson to end the game, the Marlins gathered once more around the edge of the mound and bowed their heads, and then tossed their caps onto the dirt and kneeled, tears flowing yet again for Fernandez . This was published on Jose Fernandez's Instagram account 10 weeks ago. Divers recovered two bodies under the boat, and a third victim was found on the rocks.

Business

UAE says backs output freeze to support oil markets

A US dollar, which makes commodities like crude oil more expensive for holders of other currencies, also hampered oil prices that had strengthened in the previous session. "The rise started in the Asia Pacific so it was a bit of a slow burn", McCarthy said. That came ahead of weekly inventory reports from industry group the American Petroleum Institute (API) that will be released later on Tuesday, and the US Department of Energy's Energy Information Administration (EIA) that will be ...

Business

Samsung Galaxy Note7 owners can get replacement starting September 21

NEWS BRIEF U.S. safety regulators announced Thursday the official recall of Samsung's Galaxy Note 7 after almost 100 reports of the phone's battery overheating and in some cases catching fire. The phone has been plagued with reports of overheating and exploding batteries. On Monday, about 100,000 new devices will be made available in stores, after which Samsung will supply an additional 50,000-60,000 replacement phablets each day, delivering all of them by September 25, the official said ...

Business

Germany's Merkel declines comment on Deutsche Bank

Adding to the downbeat mood of the market, United States new home sales slid in August, but by less than Wall Street economists expected, as the market for new home construction cooled following a sharp rise in July. Banks were also hurt by falling bond yields, which mean lower interest rates and smaller profits on lending. Earlier, shares in Japan fell 1.3% as the dollar fell 0.4% against the yen to ¥100.6130.

Business

Wall Street higher as tech, energy gain

As of 1553 BST the yield on the benchmark 10-year US Treasury note was higher by one basis point to 1.62%. The Dow Jones industrial average rose 120 points, or 0.7 percent, to 18,414 as of 12:45 p.m. and ConocoPhillips . The U.S. central bank had hinted that it might raise rates before the year ends and interest rate futures were pricing in roughly a 60 percent chance of a rate increase by December.

Business

Asian Stocks Rally After Fed Holds Rates, Trims Expectations

The large-cap index advanced 23.36 points, or 1.1%, to 2,163.12. The component is made up of mostly tax-efficient REITs, or real estate investment trusts, which are often attractive to investors seeking dividends or a high yield stock that acts like a bond.

Business

'Dancing With The Stars' Trades Kym Johnson For Erin Andrews

Johnson, who had appeared as a professional dancer on the series, is the host of the live online interview show, DWTS: All-Access. "Sending hugs and condolences", Bergeron tweeted . There is also one other change: Erin Andrews will not be present. In a separate tweet , Bergeron mentioned that he will be joined by another co-host for Tuesday's episode however, he will be left to anchor the dancing competition by himself on Monday.

Business

WTO slashes global trade forecast by a third

With expected global GDP growth of 2.2 per cent in 2016, this year would mark the "slowest pace" of trade and output growth since the financial crisis of 2009, it said. "Effects over the longer term remain to be seen". But what makes the current slowdown especially worrisome is that it comes soon after the spike in sentiments against globalisation and free trade.

Business

TransCanada bids US$848M to buy rest of Columbia Pipeline Partnership

Both agencies are giants in the ad buying world, with the former responsible for buying $77 billion worth of ads for marketers in 2015. The share price is now -2.93 percent versus its SMA20, -4.81 percent versus its SMA50, and 1.79 percent versus its SMA200.

Business

US Presidential Debate: Asia stocks bounce, yen ebbs amid Trump, Clinton challenge

Markets have tended to see Clinton as the candidate of the status quo, while few are sure what a Trump presidency might mean for U.S. foreign policy, trade and the domestic economy. "What's concerning is whether the dollar can retain its number one safe-haven status if greater support for Trump begins clouding the economic outlook", said Bart Wakabayashi, head of Hong Kong FX sales at State Street Global Markets.


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