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Chinese Firm Charged With Plotting to Evade N. Korea Sanctions

Also Monday, the Treasury Department blacklisted the same firm, Dandong Hongxiang Industrial Development Company, and the individuals. The South Korean military has apparently lost a helicopter during a surprise exercise with United States warships in the East China Sea staged as the latest show of military might and readiness to counter " North Korea's unprovoked acts of aggression".

Business

US consumer confidence jumped in September

The Present Situation index rose to 128.5 (a fourth straight gain) while the Expectations Index increased to 87.8 (a second consecutive gain). USA consumer confidence in September rose to the highest level in nine years, a hopeful sign that economic growth will accelerate in coming months.

Business

Giants' first loss under McAdoo a repeat of previous year

I didn't get to the National Football League, and most of these guys didn't get to the National Football League, because they're mentally weak or they're unable to ride the highs or the lows. He showed some emotion on the field after making two consecutive catches against Norman in the fourth quarter, but he seemed agitated at times on the sideline.

Business

Sale of national assets: NLC prepares for nationwide protest

A member of the National Executive Council of the NLC, Mr. Issa Aremu , in a statement in Kaduna on Monday, said Nigeria was not short of resources, arguing that the nation lacked "genuine resourceful leaders at all levels". He blamed the current recession in the country on corruption and mismanagement. "Moreover, such sales in the past including the power and steel sectors privatisation is just a shift from public monopoly to private monopoly which has further worsen those sectors".

Business

Saudi and Iranian energy ministers dash hopes for Opec oil output limit

In return, Iran would have to agree to freeze at 3.7 million barrels a day-slightly above its August levels, the people said. Earlier, Reuters reported that expectations for any sort of OPEC deal are beginning to sputter after comments made by Saudi Arabia and Iran.

Business

The Yakuza 0 Trailer Packs a Punch

Also see how Kazuma Kiryu earned the title of the "Dragon of Dojima". Rounding out the huge dump of new info, SEGA's released a new trailer for the crime-adventure title that walks you through one of Kiryu's first jobs for the unsafe and extremely powerful Dojima Family.

Business

Senator to SEC: You Need to Investigate Yahoo Breach

What Yahoo says is that there is no evidence that what it calls "the state sponsored actor " - the person or body it is blaming for the hack - is now in Yahoo's network. Thorsheim said the other issue is that there are probably millions of people who have forgotten about a Yahoo email account they used to have. Yahoo said last week that the company had suffered a huge data breach in 2014.

Business

Deutsche Bank shares crater to a record low

Deutsche Bank has denied claims made in a German magazine which caused it to tumble more than 7 percent on Monday, triggering a fall in European shares. London's benchmark FTSE 100 index closed 1.3 percent lower compared with the close on Friday. Volkswagen fell 3.1 percent after the U.S. Justice Department was said to be assessing how big a criminal fine it can extract from the carmaker without putting it out of business.

Business

Google interested in buying Twitter

Citing unnamed sources , CNBC reported Friday that Twitter has received "expressions of interest" from several tech companies and was "engaged in conversations with potential suitors". Vala Afshar, chief digital evangelist at Salesforce .com tweeted, 'Why twitter? "1 personal learning network 2 the best realtime, context rich news 3 democratize intelligence 4 great place to promote others".

Business

GT Band of Ottawa & Chippewa Indians Travel to North Dakota for Protest

Archeologists and museum directors have denounced the "destruction" of Native American artifacts during the construction of a contentious oil pipeline in North Dakota, as the affected tribe condemned the project in an address to the United Nations.

Business

Warren Buffett Will Wait to Comment on the Wells Fargo Scandal

At a Senate panel hearing on Tuesday, Ms. Warren urged Wells Fargo Chief Executive John Stumpf to resign and return pay to take responsibility for the problem. The revelations are a severe hit to Wells Fargo's reputation. The question is this: How do 5300 employees commit fraud without managers and executives knowing it? One by one, senators from both sides of the aisle took turns scolding Stumpf for his bank's actions, in what Sen.

Business

Wells Fargo employees fired for blowing whistle, they say

Stumpf also faced pressure from U.S. politicians who wrote to the San Francisco Fed urging it not to reappoint him to a third one-year term. US Senate lawmakers excoriated Wells Fargo & Co.'s chief for his oversight of the bank as it opened two million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are "too big to fail".

Business

Saudis, Iran Dash Hopes for OPEC Oil Deal in Algeria

Iran is not ready to freeze oil production, Iran Oil Minister Bijan Zanganeh told BloombergTV's Caroline Connan at the informal OPEC meeting in Algeria . Iran oil minister Zanganeh has re-iterated reluctance to freeze output as of 27 September. Gary Ross, a veteran OPEC watcher and founder of US -based think tank PIRA, said Saudi output had risen too steeply in recent months and even if it were cut to pre-summer levels, Iran would see an offer to freeze its own output as unfair.

Business

Markets Right Now: Banks lead a slump in United States stocks

ET (1455 GMT), the Dow Jones industrial average was down 103.14 points, or 0.56 percent, at 18,158.31. The Standard & Poor's 500 index fell 17 points, or 0.8 percent, to 2,147. At the same time, oil prices retreated after Iran played down expectations for a deal on oil production, calling the OPEC meeting on Wednesday "consultative" and dashing hopes that an agreement will be made.

Business

Deutsche Bank shares fall further to fresh low

Sydney's S&P-ASX 200 rose 0.4 percent to 5,497.40 and India's Sensex added 0.1 percent to 28,319.04. "Any ramping up of populist rhetoric would likely rattle investors". Legal & General was weaker as it said that following a strong third quarter, its retirement arm was on track to double new business sales in the full year, with customer demand for bulk annuities and lifetime mortgages seemingly unaffected by the introduction of Solvency II regulation, Brexit uncertainty or lower interest rates.

Business

Why Hillary Clinton 'won' the first USA presidential debate against Donald Trump

He has really started his political activity based on this racist lie that our first black president was not an American citizen. Clinton, who acknowledged that using personal email hosted on a private server was a mistake, said Trump is not releasing his tax returns may be because of certain reasons.

Business

The Apprentice candidate Jessica Cunningham already has a load of celebrity friends

She's a bit like Piers Morgan on steroids, and of course the media lap it up. "One of the things I love about this process is, as I'm getting older, I've got a great production team that keep me on my toes as far as technology is concerned".

Business

Senate panel to scrutinize proposed Bayer-Monsanto merger

Other witnesses that testified at the hearing included executives from Bayer CropScience, DuPont Co., Dow Chemical AgroSciences and Monsanto Co. The agriculture industry "desperately needs" those investments, he added. Shares in Bayer extended gains to trade 3 percent higher on the news, outperforming. Bayer plans to pay for the deal through bridge financing from creditors, a new round of share sales and the issuing of convertible bonds.

Business

Oil rises on reported United States crude stock draw, Japan import data

Oil was also supported by an industry strike in Norway that threatened to cut North Sea crude output and a weaker dollar ahead of a Federal Reserve policy announcement at 2:00 p.m. Benchmark Brent crude has averaged about $43 a barrel this year. The Guards is a militia, which until September had been controlling the oil ports in Libya for a number of years since the ouster and subsequent death during 2011 of Moammar Gadhafi the former dictator.

Business

Clinton leads Trump by 4 points ahead of first presidential debate

Donald Trump needs to prove to voters that he has the policy depth and gravitas to serve as commander in chief. At left, Hillary Clinton participates in an April 14 Democratic primary debate in NY. "No journalist - I don't care what they say to you - no journalist wants the headline to read that they were sexist against a person who may go down in history", Carter said.

Business

Wells Fargo board weighing Stumpf clawback

Courthouse News Service reports bank employees filed a class action suit in Los Angeles Thursday, accusing the bank of imposing strict quotas on employees and pressuring workers to boost eight banking products - whether customers wanted them or not.

Business

Sensex Rises As Markets Assess Clinton-Trump Debate

And it'll be released. When asked by moderator Lester Holt to explain a previous comment that Clinton doesn't have a "presidential look", Trump simply repeated the comment. It may be hard to remember, but before Mrs Clinton was a secretary of state, or a senator or a first lady, she was a lawyer - and, by all regards, a talented one.

Business

U.S. Congress dives into Wells Fargo case, panel to hold hearing

The elimination of the sales goals, effective January 1, follows instructions from the lender to US call center workers to temporarily halt cross-selling of financial products. Clinton's position was made clear in late August with her insistence that she would "veto any effort to weaken Wall Street reform". Also of note: The executive who headed that specific department within Wells Fargo will leave the company at year's end with $125 million in her pocket along with glowing praise from ...

Business

Rhode Island man found alive after being lost at sea for week

Authorities had searched 62,000 square nautical miles off New England, an area larger than the state of Georgia, after Linda Carman, 54, and Nathan Carman, 22, failed to return to their Rhode Island port from a fishing trip on their 31-foot (9.5 m) boat the " Chicken Pox " on September 18.

Business

Senator wants Wells Fargo CEO to resign and be criminally investigated

But that was not enough for many members of the committee, who grilled Stumpf for details about the scheme and repeatedly expressed astonishment that senior management allowed problems to fester for so long without taking more assertive action.

Business

Hillary Clinton vows to protect Wells Fargo customers

In addition to the $100 million fine, the agency ordered Wells Fargo to pay $50 million to the county and city of Los Angeles, $35 million to the Comptroller of the Currency and up to $2.5 million in refunds for customers subjected to fees.

Business

United States stocks gain as Fed keeps rates unchanged

Stocks posted solid gains on Thursday as investors, comfortable that the Federal Reserve will keep interest rates low, bought up stocks that pay big dividends. Investors are now looking ahead to the release next week of a raft of economic data, such as monthly USA consumer confidence and durable goods orders and Chinese factory activity, for the latest insights on the world economy's health.

Business

Voter registration is way up around the state

Further, the 65% of Democrats saying they will definitely vote is well below their average for the prior four presidential elections (77%), whereas the 76% of Republicans saying they will definitely vote is only a bit lower than their prior average (81%).

Business

Fired Wells Fargo workers fight back with federal lawsuit

In last week's letter, lawmakers said Wells Fargo employees described being chastised and forced to work extra hours to meet quotas. "That's exactly what happened with Wells Fargo , and why the abuses could go on so long". Also, three customers in Utah have filed a lawsuit against the bank for fraud, breach of contract and invasion of privacy. Meanwhile, as senators call for Stumpf's resignation and the initiation of criminal investigations, former Wells Fargo employees are suing the ...

Business

Ross Stores, Inc. (NASDAQ:ROST) Price Target Set At $63.312

Bessemer Group Inc. boosted its stake in Ross Stores by 4.7% in the first quarter. (NASDAQ:ROST) is likely to release quarterly report around 2016-11-17 for the quarter ending 2016-10-31. The most recent short interest data show 2.11% of the company's stock are short sold. The count of Hold ratings in that period was 2. While this marks the company's debut in Colorado, the new Florida store brings dd's DISCOUNTS store count to 30 in the state, simultaneously taking its countrywide store ...

Business

Marriott Completes Starwood Merger, Making World's Largest Hotel Company

Starting Friday, members of Starwood and Marriott's two loyalty programs will be able to link their accounts together. Each point at Starwood will equal three points in Marriot Rewards. "That's something we intend to continue to respect". Also, CFO Gregory J. Larson sold 40,000 shares of the company's stock in a transaction on Tuesday, August 16th.

Business

Password breach could have ripple effects well beyond Yahoo

The FBI is also investigating the hack , which Yahoo has blamed on a "state-sponsored actor" although the company has not provided technical information to support that claim. All affected users will be notified about the theft and advised how to protect themselves, according to the company. As investors and investigators weigh the damage of Yahoo's massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open ...

Business

Yum Brands buys back $5.1 billion in stock, issues stock dividend

The rating firm gave a Outperform rating to this stock in a research note on Sep 23, 2016.Credit Agricole analysts issued their verdict on Yum! Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Business

Bankers sue Wells Fargo over account scheme

In the final analysis, those low rates are the Federal Reserve's doing, not Wells Fargo's . Many questions were about Carrie Tolstedt, the Wells Fargo executive in charge of the unit where employees opened as many as 2 million unauthorized customer accounts.

Business

Microsoft Partners with Adobe to Compete with Amazon in Cloud

This is because Adobe's customers will now be able to utilize Microsoft's capabilities in machine learning, artificial intelligence and advanced analytics around their marketing cloud data. According to BT, customers can now gain access to Microsoft's rapidly growing collection of integrated cloud services, including leading Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) computing capabilities.


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