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Asian stocks mixed as traders follow US debate

Traders said the stock recovered after remarks by a senior u.s. Justice Department official on the possibility of lowering mortgage-related penalties for banks if they cooperated with authorities. Lanxess is paying $33.50 per share for Chemtura, a 19-percent premium, and the companies valued the deal at $2.5 billion. The share price is now -15.92 percent versus its SMA20, -14.96 percent versus its SMA50, and -30.74 percent versus its SMA200.

Business

Are Democrats pushing the federal government toward a shutdown?

But Democrats see a double standard, noting that the spending bill does not address Flint's water crisis but does contain funds to help flood-ravaged Louisiana. Republicans hold a majority in both houses of Congress but that majority is slim in the 100-member Senate, where it takes at least 60 votes for a bill to pass cloture - meaning, for a bill to advance to the stage where it can get final passage.

Business

Middletown Man Recently Rescued at Sea Was Suspect in Grandfather's Death

Nathan Carman , 22, and his mother, 54-year-old Linda Carman , were reported missing September 18 after heading out in the 31-foot aluminum fishing boat Chicken Pox and failing to return from a fishing trip off Point Judith, Rhode Island.

Business

Brad Pitt is 'Focused on Family Situation,' Opts Out of Movie Premiere

After Ange, 41, filed for divorce , it's no surprise that Brad is wanting to lie low and be with his family at this time. It was later reported that Pitt was under investigation after allegations that he "got physical" with and verbally abused his children on their private jet.

Business

Boris Johnson says Article 50 could be triggered in early 2017

Over the course of the next year or so, there is a general election in France, one in Germany, and a major vote in Italy, which could end up triggering an election there as well, should prime minister Matteo Renzi and his government lose the referendum on constitutional reform.

Business

Iran remains unwilling to freeze oil output

A little earlier U.S. oil dipped two per cent to under $45 per barrel, while global benchmark Brent crude was down nearly a dollar at $46.36 per barrel. The country's oil output recently touched an all-time high of 11.75 MMbbl/d. The IMF says the Saudis need oil close to $67 a barrel to square the books.

Business

Syria's civil war: Army pounds Aleppo with air raids

Dozens of civilians were reported to have been killed. A rebel commander said the blasts were the fiercest the city had faced. " Aleppo is being wiped out". An intense wave of bombings unleashed on Aleppo by the Syrian government will be backed up by ground forces, a Syrian military source has said. "Breaking the siege through the Castello road has become very hard", Yassin Abu Raed, an opposition activist based in Aleppo province, told The Associated Press.

Business

Deutsche Bank shares stabilize as unit sale raises cash

The European and U.S. banks have strong links in the end". But Deutsche Bank's share price recovered to close steady at €10.55 ($15.45) as analysts discounted Merkel's comments, arguing that Berlin would be forced to intervene if Deutsche's situation became critical, because the bank was too important to the German economy to be allowed to fail.

Business

Clinton debate seen by record 84 million US TV viewers

As expected, Monday night's first debate between presidential candidates Hillary Clinton and Donald Trump drew a huge audience of curious viewers. Monday's figure does not include millions of people watching the debate online - through Twitter, Facebook - or the countless others watching in pubs and bars.

Business

Labor Dept. to review Wells Fargo's workplace practices

A special committee of independent directors will lead the company's review, working with the board's human resources committee and the law firm Shearman & Sterling LLP, according to the statement. Dean, president and chief executive of Dignity Health, a San Francisco-based not-for-profit health-care system. The Wall Street Journal had reported earlier Tuesday that Wells Fargo was mulling various clawback measures.

Business

Iran says not ready for oil output freeze in Algiers

It is also expected that the Organization of Petroleum Exporting Countries ( OPEC ) informal meeting will be held Wednesday on the sidelines of the IEF 15. But Iran's oil minister said later in the day that he has met with Saudi Arabia and Russian Federation and hasn't received an official proposal. More than 800,000 barrels a day of additional crude is entering the global market this month compared with August.

Business

Phoenix to buy Deutsche Bank's Abbey Life for £935m

Deutsche Bank's asset management division acquired Abbey Life in 2007. The sale, while relatively small, is good news for the bank at a time of renewed investor concerns about its thin capital cushion ahead of a potential multibillion-dollar settlement with USA authorities over mortgage-securities probes.

Business

Amazon Unveils Free Same-day Delivery For Prime Members In Toronto, Vancouver

Orders placed later in the day will be delivered to eligible areas by 9 p.m. the next day, including weekends. According to C/Net , the process would work like this: when you make a purchase from Amazon store, you can opt for an in-home delivery, allowing the courier one-time access to your home via an August-locked door or Garageio-controlled garage.

Business

Drone fly-by closes Dubai's busy airport for a half hour

Drone halts traffic at Dubai airport was posted in World of TheNews International - https://www.thenews.com.pk on September 28, 2016 and was last updated on September 28, 2016. "Dubai Airports is working closely with its stakeholders to minimise customer inconvenience". At the World Aviation Summit this year Michael Rudolph, the head of aviation regulation and safety at the Dubai Civil Aviation Authority (DCAA), estimated that the airspace being closed down costs around Dhs3.6 million a ...

Business

Hillary Clinton wins the debate-and the next-day trolling

Some Republicans were unhappy with Holt, suggesting that he was unfair because he asked tougher questions of Trump, and challenged his facts on issues like Trump's support for the war in Iraq and a court case involving the "stop-and-frisk" method of policing.

Business

Assad accuses USA of supporting ISIS in Syria

De Mistura also said he was "profoundly outraged" by Monday's attack on an aid convoy that killed some 20 civilians, describing it as a "game changer" in forcing a serious discussion on how to stop the violence. Under the terms of their agreement, the United States was supposed to rein in opposition forces and Moscow was to ensure its ally Syrian leader Bashar al-Assad halted attacks.

Business

Panthers sign S Griffin

When first-round pick Vernon Butler suffered a high ankle sprain Sunday, a position of strength became a position of need for the Carolina Panthers. Love rejoins the Panthers after being among the final cuts ahead of the 2016 season. Michael Griffin provides a veteran presence that Dave Gettleman and Ron Rivera really covet in the secondary. The Tennessee Titans originally drafted Griffin in the first round of the 2007 NFL Draft and he spent the last nine years with them.

Business

German giant moves for UK Mail

UK Mail , which is focused on business customers, previous year launched a new hub in Coventry with machinery it said enabled it to handle 24,000 parcels an hour - four times as many as before. The deal values the FTSE-listed company at £243m and the cash offer of 440p a share represented a 43 per cent premium to yesterday's closing price.

Business

United States to Modernize Nuclear Force

Referring to Pakistan, which is also seeking NSG membership, the defence secretary said: " Pakistan nuclear weapons are entangled in a history of tension, and while they are not a threat to the United States directly, we work with Pakistan to ensure stability".

Business

13 civilians killed in airstrike on house

The source said the drone struck the house of a public health employee, who just had returned from Haj. Brig. Gen. Charles Cleveland, U.S. Forces-Afghanistan spokesman, said in the emailed statement that while they military does not "discuss the details of counter-terror operations" it was "currently reviewing all materials related to this strike".

Business

Asian stocks mostly lower ahead of US presidential debate

A man walks past an electronic stock board of a securities firm in Tokyo, Tuesday, Sept. 27, 2016. Asian stocks began the week on a sluggish note on Monday after USA shares fell on Friday following three days of gains. USA stocks slumped Monday, and banks took the biggest losses. "Any ramping up of populist rhetoric would likely rattle investors". EUROPEAN BANKS: European banks tumbled after the German magazine Focus said Deutsche Bank won't get a government bailout if it asks for one.

Business

Senator calls for SEC investigation into Yahoo breach

Mark Warner (D-Va.) asked the Securities and Exchange Commission to investigate whether Yahoo and its senior executives "fulfilled their obligations" under federal securities laws to inform the public and investors about the security breach.

Business

Charles Schwab (NYSE:SCHW) Issued With 'Overweight' Rating At Morgan Stanley

The fund owned 971,307 shares of the company's stock after buying an additional 451,688 shares during the period. On September 20, 2016 Schwab Advisor Services announced availability of a robust suite of resources and tools to help independent financial advisors develop, strengthen and maintain their cybersecurity defense.

Business

US, Japan, South Korea consider more steps against North Korea

China spoke out on Tuesday against the United States for deciding to bring criminals charges against a Chinese industrial firm for allegedly financing North Korea's nuclear program. (DHID) Monday. The United States, Japan and South Korea have been working to cut off North Korean revenue streams from coal and overseas workers and are considering further joint action after Pyongyang's latest nuclear test, a senior US official said on Tuesday.

Business

Britain's May to meet Goldman, Amazon, IBM to discuss post-Brexit investment

At a strategic level, those allies fear its exit from the EU could mark a turning point in post-Cold War worldwide affairs that will weaken the West in relation to China and Russian Federation, undermine efforts toward European integration and hurt global free trade.

Business

Shareholders approve tie-up of world's biggest beer makers

In response, SABMiller agreed to recognize two classes of investors, with the deal requiring approval from 75 per cent of smaller shareholders. "We are pleased that our shareholders' vote brings us one step closer to combining our companies, teams, strong heritage and passion for brewing", said AB InBev chief executive Carlos Brito.

Business

Wells Fargo chief could still walk with $77 million

But that has not been enough for lawmakers, who have been pushing for the company's top leaders to give back the millions of dollars in bonuses they earned while the irregularities were occurring. The Labor Department said it has set up a working group to expedite a review of the issue. The company fired 5,300 employees who were involved in the scandal, while USA and California regulators fined the company $185 million.

Business

China ready to expand cooperation with Canada: Premier Li

Both leaders held a 90-minute meeting that was packed with officials from both countries, including several Canadian cabinet ministers. China stands ready to further enhance high-level exchange of visits, deepen economic cooperation and step up coordination on global affairs with Cuba so as to push forward bilateral ties, said Li.

Business

Oil falls after Iran balks at output freeze

Futures fell as much 1 percent in NY after climbing 3.3 percent Monday. Prices for Brent crude oil, the global benchmark, are down by 3.5% at $46.26 per barrel as of 12:36 a.m. Influential forecasters gave a worsening outlook for the market, with the head of the International Energy Agency saying supply and demand won't be in balance until late 2017 and Goldman Sachs Group Inc.

Business

Google this: Clinton surpasses Trump in searches

After Trump bragged about his temperament, Clinton responded with a few real-world examples of why "a man who could be provoked by a tweet shouldn't have his fingers anywhere near the nuclear codes". "He seemed unable to handle that big stage", said Clinton campaign chairman John Podesta. A USA district judge in 2013 ruled that the tactic unlawfully targeted minorities.

Business

Dollar rises on comments by Fed's Rosengren; on track for weekly loss

At 11:08 a.m. ET (1508 GMT), the Dow Jones Industrial Average was up 58.55 points, or 0.32 percent, at 18,188.51. Hong Kong's Hang Seng edged up 0.1 percent to 23,776.37 and the Shanghai Composite Index in mainland China dipped 0.2 percent 3,037.46.

Business

8@eight: Clinton v Trump debate gives markets a shake

I had some hostile questions. "She wasn't the caricature her foes and the media had created of her", Della Volpe says, summarizing what his interview subjects told him about their reactions to the debate . His lack of preparation for Monday's debate and his surface grasp of the biggest issues facing this country left voters with an unnerving portrait of a candidate unwilling to do his homework, even at a high-stakes moment.

Business

Students register new voters on campus as Election Day approaches

King said there will be puppies, prizes and food, all of which she hopes will encourage people to turn out to vote. Hundreds of ballots were being prepared to be mailed out Tuesday at the Buchanan County Courthouse. "In the last presidential election in Arizona, 38 percent of millennials voted compared to 61 percent of individuals 30 years or older", she said. McHenry County residents who are not registered to vote may want to do so now after a federal judge blocked a law that ...

Business

Colombian president signs historic peace deal with FARC rebels. What's next?

President Juan Manuel Santos and Rodrigo Londono, top commander of the Revolutionary Armed Forces of Colombia (FARC), formally signed the agreement before a crowd of 2,500 foreign dignitaries and special guests, including UN Secretary-General Ban Ki-moon and USA secretary of state John Kerry.

Business

Five suspected devices found near train station in New Jersey

When the duo spotted wires poking out from the bag, however, the set it down and called the authorities. The explosion was not a controlled blast . The Elizabeth mayor confirmed a suspicious package was found, and officials were on the scene.


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