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German government prepare Deutsche Bank rescue plan - Die Zeit

But the pressure has intensified since mid-September, when it revealed that the US Justice Department had requested $US14 billion ($18.3 billion) to settle a probe tied to residential mortgage-backed securities. But investors were further rattled when news weekly Die Zeit on Wednesday reported that German and European Union officials were working on an emergency plan for Deutsche "if the worst comes to the worst".

Business

Restaurant operator Cosi files for bankruptcy protection

Right before the announcement, it closed 29 of 74 company-owned locations. Demilio said the company looked into equity and/or debt in either public or private transactions; selling the company outside the bankruptcy process and selling certain company assets, among other possible transactions.

Business

Blackberry: A Phone Inventor Stops Smartphone Manufacturing

The move will help the company avoid the risks of a competitive market and focus on its more lucrative businesses of software and managing rival devices, Reuters quotes chief executive John Chen as saying on Wednesday. BlackBerry will continue to develop smartphone applications and an extra-secure version of the Android operating system. The company is now worth about 4.1 billion dollars.

Business

Elizabeth Warren Gives Wells Fargo CEO Scathing Dressing-Down

The culture of the bank has been brought into question, with aggressive targets, sales quotas and rewards for bank staff blamed for the episode. Clinton, who was criticized during the Democratic primaries for representing Wall Street interests, laid out a plan to address what she called "the culture of misconduct and recklessness" in the banking system.

Business

Oil production agreement sees energy firms gain

Disagreements between regional rivals Saudi Arabia and Iran had dimmed hopes for a deal. The Nasdaq composite edged up 12.84 points, or 0.2%, to 5,138.55. He cut his profit forecast for Verizon, which lost 51 cents, or 1 percent, $51.99. The oil rally also spilled over into the stock markets, with the Dow Jones Industrial Average rising 110.94 points to 18,339.24 and the S&P 500 gaining 11.44 points to 2,171.37.

Business

Oil prices surge after OPEC's surprise output cut deal

The Organization of Petroleum Exporting Countries ( OPEC ) on Wednesday reached a "historical" agreement to ceil oil output from 33.24 million barrels a day to 32.5 or 33 million barrels a day. Saudi Arabia and Russian Federation announced this Monday that they agreed to cooperate in the oil market. The Australian dollar, which is influenced by moves in oil prices, climbed from levels near $0.7650 in the overnight session to as high as $0.7696 on Thursday morning local time.

Business

Trump on Federal Reserve

He also called her "more political" than Democratic rival Hillary Clinton . "The day Obama goes off and he leaves and he goes off to the golf course for the rest of his life to play golf, when they raise interest rates, you're going to see some very bad things happen", Trump said Monday.

Business

India agrees to buy French Rafale fighters

Rafale jets deal was announced in April 2015 during Indian Prime Minister Narendra Modi's visit to Paris but negotiations on pricing have protracted for over a year. The fighter jets will have state-of-the-art missiles like Scalp and Meteor that will give the Indian Air Force a capability that had been sorely missing in its arsenal.

Business

United States asks Deutsche Bank to pay $14bn to settle mortgage probe

Analysts remain bearish on RBS, with Deutsche Bank reiterating its "sell" stance on the stock yesterday, without specifying a price target on the stock. In the FTSE 250, shares in private equity investment firm SVG Capital rose almost 4% to 676p after it said a 650p-a-share offer it received from U.S.

Business

India says firing continues across frontier with Pakistan

Mortar shells were also fired by Indian forces during LoC violation. It is alleged that the Pakistan-based terrorist outfit Jaish-e-Mohammad planned the Uri attacks, but Indian politicians have hinted that they may have been funded by the Pakistan government.

Business

ICICI Prudential Life makes disappointing debut on bourses, lists below issue price

The Rs 6,057 crore initial public offering of the insurer, which was sold between September 19 and 21 was oversubscribed 10 times. Mumbai: Shares of ICICI Prudential Life Insurance Co. But given the high bidding by the HNI investors, he could get only Rs 27 crore worth of shares, Times of India quoted sources as saying. Ahead of the public share sale, the insurance firm raised Rs 1,636 crore by selling shares to 38 anchor investors including Morgan Stanley, Singapore sovereign wealth ...

Business

Govt clears $3.14 bn stake buy in 2 Rosneft fields

The Indian cabinet gave the green light to the consortium comprised of Oil India Limited (OIL), Indian Oil Corporation Limited (IOCL), and Bharat Petro Resources Limited (BPRL) to buy 23.9 percent in JSC Vankorneft and 29.9 percent in LLC Taas-Yuryakh, the companies running the Vankor and Taas-Yuryakh fields, respectively.

Business

Donald Trump's campaign brings in more than $18 million after the debate

Between Clinton calling out Trump's legal battles against the Department of Justice and Trump calling her out for using the term "super predators", there was plenty of shade to go around. Bonnie Corbitt has backed Trump since the primary and said the debate was underwhelming. "He gets to decide what he's going to do", Clinton said.

Business

US looks to restrict China coal imports from North Korea

Investigators found the firm, in concert with others, used front companies dotting the globe as havens for illicit financial transactions involving USA dollars and the US banking system. On Monday, the United States sanctioned Dandong Hongxiang Industrial Development Co. and four of its executives for acting on behalf of Korea Kwangson Banking Corporation, a North Korean entity that has been under U.S.

Business

Make a difference, sign up on National Voter Registration Day

Make sure you are registered to vote . Registering to vote online will be available next year. Secretary Merrill is working with Alabama's federal, state, and local leaders to make eligible voters aware of registration deadlines and requirements for the November 8 general election.

Business

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

When European Council president Donald Tusk said she had told him she expected the negotiations would start in January or February his comments were rejected by Downing Street. " The two things have nothing to do with each other and we should go for a jumbo free trade deal and take back control of our immigration policy ".

Business

Poll says Hillary Clinton won first debate but no boost to support

When Clinton pledged at Monday's debate that her economic plan would create millions of jobs, Trump did not use the opportunity to point out she oversold how many jobs she could create in upstate NY. The latter number mirrors the amount of voters who had no opinion-26 percent. HILLARY CLINTON: He loves beauty contests, supporting them and hanging around them.

Business

Tesla 8.0 software update with new Autopilot features begins rolling out tonight

Tesla CEO Elon Musk acknowledged that the Autopilot improvements might have prevented a crash that killed an OH man in May, when his Model S slammed into a truck. Tesla updates the software to its cars "over the air" in much the same way that smartphone makers update devices. The two companies had previously worked together on developing driver assistance technology.

Business

Clinton Widens Lead Since Last Week's Tie In Latest Ipsos/Reuters Tracking Poll

Traits for which Clinton got better numbers than Trump include having the right temperament to be president, handling terrorism threats and negotiating trade deals. Scott has been in the 3rd District House seat since 1993 and served in the General Assembly before that. Only 12 percent said they were satisfied or happy.

Business

OPEC reaches preliminary accord to curb oil production

Still, the mere fact there are numbers on the table before OPEC's formal meeting in Vienna in November shows that Saudi Arabia and Iran are closer to a deal than any time in the last two years. Analysts said the world's number one crude exporter Saudi Arabia and top producer Russian Federation seem amicable to a freeze but Iran, whose production has stagnated at 3.6-million-barrels per day (bpd), wants to ramp up to at 4 million bpd first.

Business

Ukraine rebels deny downing Flight MH17, reject probe findings

They confirm an earlier investigation by the Dutch Safety Board. Previous year the Dutch Safety Board found that a Buk missile hit the plane but did not say where it was sacked from. The team of prosecutors from the Netherlands, Australia, Belgium, Malaysia and Ukraine have identified 100 "persons of interest" during their inquiry.

Business

Nationals' Wilson Ramos suffers torn ACL

Washington Nationals relief pitcher Yusmeiro Petit (52) pitches during the 5th inning of a baseball game at Nationals Park in Washington , Monday, Sept. The only two major leaguers with more home runs hit as a catcher in 2016 are Jonathan Lucroy (23) and the Dodgers' Yasmani Grandal (27). Mitch Haniger and Jake Lamb also homered for Arizona.

Business

Wells Fargo Faces Class-Action Lawsuits from Shareholders, Workers

The penalties represent one of the biggest financial sanctions ever levied against executives and could be a watershed moment as despite various scandals in the sector, no chief exec has had to give back a bonus. During the questioning, Senator Elizabeth Warren, who has always been a critic of the U.S. banking industry, was unmoved by his apology. They have agreed with Mr.

Business

OPEC nears preliminary accord on oil production

The agreement on production comes just weeks after the International Energy Agency said that growth in oil demand had slowed significantly during the third quarter, further suppressing crude prices. The prospect of OPEC returning to its traditional role of propping up oil prices with production cuts - a weapon it had kept sheathed since oil prices fell in 2014 - sent the crude market on a wild ride.

Business

Congress overrides president's veto of Sept. 11 legislation

But sponsors of the measure said it was more important to give the 9/11 families their day in court than to worry about the possible fallout with Saudi Arabia, which they argued wouldn't have anything to worry about if it was not connected to the terror plot.

Business

I Give Lester Holt a 'C' For Performance as Debate Moderator

That year, "the population of the United States was a little over 220 million". But he didn't do it, he said, because "I didn't wanna say what I was going to say with Chelsea in the room". "Everybody sees through that except for his base", Harlim said. "It's over. Trump, the egoist, the racist, the narcissist, the liar, "won". Clinton was joining Sanders on the campaign trail for the first time since they held a "unity" rally in July in an attempt to unify the Democratic Party.

Business

Teacher, 1 Child From Shooting in Good Condition

A teenager shot and wounded two children and a teacher at a primary school in SC. Dr. Tom Dobbins, chairman of District 4, said it doesn't appear the shooter was related to the shooting victims at the school. "We're confident we have the sole shooter and no one else is involved". The other student, a 6-year-old child, was airlifted to Greenville Memorial and was in critical condition.

Business

Energy shares lead Asian stocks higher on OPEC output deal

Global benchmark Brent was up 5.9 percent at $48.69 a barrel. But it may well play into the prospects for a more comprehensive OPEC deal as Saudi Arabia is already in a dire fiscal situation and the prospects of major class action lawsuits from victims of the 9/11 attacks are unlikely to be relished by the Saudi Arabian treasury.

Business

Markets Right Now: Stocks end higher, led by energy sector

Iran's Oil Minister Bijan Namdar Zanganeh also hailed the agreement, while stressing that Tehran hopes to bring its own production back up to the level of around 4 million bpd it enjoyed before global sanctions over its nuclear programme were imposed.

Business

Donald Trump claims Fed is 'more political' than Clinton

Presidential candidates Donald Trump and Hillary Clinton. The Fed, under Bernanke and later Yellen, left rates near zero from the end of 2008 through December 2015 as it tried to stoke job growth in the wake of the Great Recession. "The (Obama) administration, my experience has been, greatly respects the Fed's independence to make decisions in accordance with the Fed's mandate".

Business

Fed's Janet Yellen Says 'No Fixed Timetable' on US Rate Increase

This spring the Fed said five out of eight of those banks, including Wells Fargo & Co. and Bank of America Corp., did not have credible plans, and gave them until October to make revisions. But Garrett pressed further. There are also rumors swirling that Brainard is seeking a top position in Clinton's administration if she's elected.

Business

Samsung delays restarting sales of its Galaxy Note 7 in S Korea

Citing Korean TV network YTN , the Wall Street Journal reported that customers who have received replacement Note 7s since last week are complaining that the replacement devices overheat and lose battery power even while being charged. Considering 1 million Galaxy Note 7 phones were sold in the United States alone, that means there are still hundreds of thousands of recalled Galaxy Note 7 devices being used by consumers.

Business

Vodafone Group Plc (NASDAQ: VOD) - Analysis of a Large Market Cap Stock

Bank of America Corp. reaffirmed a "buy" rating and issued a GBX 4,600 ($60.04) price target on shares of Rightmove Plc in a research note on Friday, September 2nd. now owns 846,220 shares of the company's stock valued at $59,244,000 after buying an additional 16,040 shares during the last quarter. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,458.00.

Business

Korea eye more steps against North Korea

On Monday, the United States said it had sanctioned a Chinese industrial machinery and equipment wholesaler for using front companies to evade sanctions on North Korea's nuclear weapons and ballistic missile programs. Beijing didn't cause the nuclear crisis now gripping the peninsula, but would oppose the spread of nuclear weapons, Foreign Ministry spokesman Geng Shuang told reporters at a daily news briefing.

Business

Wall Street set to open lower after three-day rally

Tom Porcelli, chief US economist at RBC Capital Markets, said, in order to hike in December, the Fed will have to be able to say, as it did in its statement Wednesday, that the labor market "has continued to strengthen" and the consumer has been "growing strongly".


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