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California suspends ties with Wells Fargo - Another blow

Stumpf, I have a mortgage with your bank", Hensarling said. "This was a focus problem", he said. Stumpf sought to defend his bank in front of a very hostile audience of members of the House Financial Services Committee. On Democratic New York representative Gregory Meeks's Twitter you'll find him not letting Stumpf "off easy" by comparing him to a bank robber. Additional punishment could involve severing all ties between the treasurer's office and the bank, Chiang's office said.

Business

WGU Indiana to Offer Help to Former ITT Tech Students

Diane Taylor, who was working and getting her bachelor's degree, said she does not intend to give up, and encouraged fellow students to do the same. The school told students and staff it would be closing for financial reasons earlier this month.

Business

1 dead, over 100 injured in New Jersey transit train crash

However, Christie noted Thursday at a news conference that the one person who died was a woman who was standing on the platform and was struck by debris. If a train isn't being operated in accordance with signals, speed limits or other rules, the system automatically slows or stops it. Rail service has been suspended in and out of Hoboken , which is directly across the Hudson River from New York City.

Business

Deutsche Bank CEO seeks to reassure staff over market concerns

The bank said its trading clients remained largely supportive with the "vast majority" understanding that it had a "stable financial position". "European markets are rattled". Doing so may result in civil and/or criminal penalties. Eckhardt Rehberg, parliamentary budget spokesman for the ruling conservatives, signaled he would oppose any support.

Business

FDA tentatively approves 1st drug for muscular dystrophy

The company is primarily focused on rapidly advancing the development of its potentially disease modifying duchenne muscular dystrophy drug candidates. They had been working with United States biotechnology company Sarepta Therapeutics to get the drug through clinical trials. The most common side effects from Exondys 51 include vomiting and problems with balance.

Business

S&P 500 Futures Signal More Stock Gains After Fed-Spurred Rally

The Dow Jones Industrial Average edged up 0.54% to 18,392.46 points, the S&P 500 grew 0.65% to 2,177.18 points and the Nasdaq rose 0.84% to 5,339.52 points. The energy index surged 1.03 percent and was the top gainer among the 11 major S&P indexes. This, along with climbing oil prices, helped drive the Canadian dollar up 0.26 of a cent at 76.56 cents US.

Business

US Fed chief says appropriate to raise interest rate this year

Merited or not, the persistent questioning of the Fed's objectivity - and Yellen's inability to deflect that skepticism - could become a headache for the officially nonpartisan and independent central bank, an economist said. "In conclusion, our post-crisis approach to regulation and supervision is both forward-looking and tailored to the level of risk that firms pose to financial stability and the broader economy", Yellen said.

Business

Deutsche Bank shares plummet 7% on fears about its health

European shares fell sharply in early deals on Friday to touch their lowest level in eight weeks as fresh concerns over the stability of Deutsche Bank hit banking stocks. Deutsche Bank's investors are hitting the panic button... again. The German bunds gained Friday, following concern about the financial health of country's biggest lender after insolvency fears plaguing Deutsche bank heated up, triggering market-wide risk aversion.

Business

Deutsche Bank shares plunge to fresh lows dragging down London market

Concerns about Deutsche Bank's health have rattled Europe's financial stocks on Friday as the bank's shares hit new lows. "Some forces in the markets are now trying to damage this trust". Eight years after the Lehman Brothers collapse back in September 2008, United States banks remain in recovery mode and European banks are weak in the wake of Eurozone debt crisis and negative interest rates.

Business

Watch Bank of England for Hints on Fed's Next Move

Wall Street also benefited from a 3.4% jump in Apple shares, after the company said the first batch of its new iPhone 7 Plus sold out globally. Concerns about the policy effectiveness of the world's major central banks have triggered a steepening trend in bond yields since last Thursday and the yen's gains also looked like a vote against the Bank of Japan's ability to weaken the currency.

Business

Iowa city flood prevention system holds back Cedar River

He said he expected that residents in the evacuation area would likely be able to return to their homes and businesses on Saturday. Posted: Sep. 27, 2016 8:00 am Updated: Sep. "It's still going to hold at the crest for several hours, but we're cautiously optimistic". Firefighters and police also rescued a woman who was swept away Monday afternoon by the river.

Business

Trump in Florida: Open immigration system made terrorist attacks possible

Trump also repeatedly blasted Clinton and Obama for, he said , allowing the Islamic State to blossom, claiming a weak response to the group's spread and the decision to withdraw USA troops from Iraq in 2011 fostered its aggressive growth. In his interview, Trump said the U.S.is too tentative in its efforts against terrorism overseas. On Sunday, Islamic State claimed responsibility, calling the man "a soldier", and the Federal Bureau of Investigation said it was investigating the attack as a ...

Business

Buk missile which took down MH17 flight brought into Ukraine from Russian Federation

Both Russia and the rebels in Ukraine deny any role in the July 2014 attack on Malaysia Airlines Flight 17, which was traveling from Amsterdam to Kuala Lumpur, the Malaysian capital. According to the JIT, the missile was a Russian-made 9M38, a surface-to-air BUK rocket. Both reports confirm that a sophisticated ground-to-air Buk missile was sacked by pro-Russian separatists from eastern Ukraine.

Business

Philippines: Duterte wants end to 'war games' with US

Please click the button below to manage your account. 'They will pay. When the time comes, I will eat you in front of people, ' he said at the time. He also said he would buy weapons from Russian Federation and China to decrease reliance on America in defense matters, and that Manila would not participate in a maritime conflict were it to be initiated by Washington, despite a 1951 treaty requiring it to do so.

Business

Deutsche Bank shares tank as concern grows over stability

SEOUL, South Korea (AP) - Global stock markets were sharply lower Friday as investor sentiment was dented by renewed worries about the financial health of Deutsche Bank following reports that some hedge funds were moving their businesses out of Germany's biggest bank.

Business

Israelis pay respects to Shimon Peres, funeral on Friday

President Barack Obama will lead a USA delegation to attend the funeral of former Israeli president Shimon Peres, the White House said Wednesday. Former President Bill Clinton, who worked and regularly met with Peres while President, will attend the funeral on behalf of the Clinton family.

Business

China again warns against US THAAD system in South Korea

Fried also acknowledged that the actions of the United States government were aimed not only at Chinse companies but also at the Chinese government. Experts have long said China - Pyongyang's closest ally - is the key to reining in North Korea, but that Beijing is reluctant to do so for fear of a unified Korea allied with the United States.

Business

Nissan's Ghosn may ask United Kingdom to cover Brexit-related losses

The Sunderland plant is Nissan's biggest factory in Europe, with a production capacity of around 500,000 cars per year. Nissan is due to decide early next year on where to build its next Qashqai sport utility vehicle. Around 1.59 million cars were manufactured in Britain a year ago, and some 80 percent of them were exported, majority to European countries. It said the imposition of duties as part of a Brexit deal would make running its English plant "very, very tough".

Business

Lanka pulls out of 19th SAARC Summit in Pakistan

Meanwhile, Pakistani media reported Sartaj Aziz, adviser on Foreign Affairs to Pakistani Prime Minister Nawaz Sharif, as saying that the summit would be postponed if the member nations stick to their decision of not participating. India's announcement came on a day Foreign Secretary S Jaishankar issued a second demarche to Pakistan High Commissioner Abdul Basit over September 18 Uri attack and confronted him with proof of "cross-border origins" of the terror strike in which 18 jawans were ...

Business

Global stocks lower on renewed worries about banking sector

Mr Cryan has insisted that Deutsche does not need a state rescue plan, despite Die Zeit reporting that the German government is compiling a contingency plan to provide emergency aid. Politicians are reluctant to back a group disliked by many Germans because of its pursuit of investment banking overseas that resulted in billions of euros of penalties for wrongdoing.

Business

Oregon State Treasury to press Wells Fargo for major changes

The CEO of Wells Fargo says almost 150,000 Texas accounts possibly were affected in the banking scandal that's drawn the attention of Congress. The panel's senior Democrat, Rep. Carrie Tolstedt, who until recently ran the Wells Fargo retail banking operation, will lose $19 million in compensation. "This is the behavior of people that we found that we did not want", Stumpf insisted.

Business

Which got more viewers - the debate or the 2015 Patriots Super Bowl?

In contrast, Hillary Clinton said she'd raise taxes on the richest Americans so they'd pay for their 'fair' share. "Anyone who complains about the microphone is not having a good night", she told reporters. He also said the public perception of Hillary Clinton is wrong and that in his interactions with her, she was fascinated with the Australian political system.

Business

Reds fall 4-3 to Cardinals

Earlier in games, managers have 10 seconds to tell the umpires they are checking video of a call, and 30 seconds to determine whether they will make a challenge. "In this situation, Bryan Price did not come up to the top step", Miller told a pool reporter. "It's baseball, you're going to have times when you just don't get it done", Matheny said.

Business

Seahawks QB Wilson on facing Jets: 'No doubt'

The Jets' versatile front poses an interesting challenge to the suddenly less mobile Wilson. But to Carroll, he is being paternal. While Carroll said Wilson is doing "exceedingly well", he also said the Seahawks plan to be "careful" with the Super Bowl-winning, franchise quarterback.

Business

Deutsche Bank shares slide on investor concerns

Markets have been rife with talk that the bank could require a German government bailout, but Berlin and the bank have repeatedly rejected such speculation. That may see bondholders take a hit or a possible merger of the bank with Commerzbank, which has its own financial problems. Deutsche has said that it will not have to pay the full amount demanded by the DoJ over its role in the devastating subprime mortgage crisis, pointing to USA banks that negotiated much lower settlements.

Business

Train crashes into New Jersey station; more than 100 injured

What we know: About 8:45 a.m. All NJ Transit train service into and out of the Hoboken station is suspended until further notice, officials said Thursday afternoon. He is cooperating with law enforcement officials. He said he doesn't know what struck him. Positive Train Control is not required on L.A. Metro's subways and other light rails .

Business

Interview: nuclear project shows strong China-UK ties: Chinese ambassador

The £18.5bn (€21.4bn) Hinkley Point C will now be built in southwest England - just 250km across the Irish Sea from Wexford - by France's EDF with £6.2bn of cash from China. Hinkley Point will provide around 7pc of Britain's electricity. EDF Energy CEO Vincent de Rivaz said: "Hinkley Point C will kickstart Britain's nuclear revival".

Business

Yahoo's leak of 500m accounts 'unacceptable', say 'disturbed' senators

In a letter addressed to CEO Marissa Mayer , six lawmakers led by Sen. Yahoo! announced the 2014 breach last week, but Warner wants to know what executives knew and when they knew it. There has been no indication as to when Yahoo! itself learned that about the theft, how the theft was carried out, or about how Yahoo arrived at its conclusion that a state-sponsored hacker was behind the attack.

Business

Donald Trump Now Thinks The Presidential Debate Was A 'Rigged Deal'

He praised Hillary Clinton's performance, saying the Democrat was "well prepared, she's got the right temperament for the job, she's well-respected around the world, she's serious, she does her homework". I say for now because we need to see what the other polls came out with post-debate. Unlike most polls, LA Times and USC tracks a panel of roughly 3,000 U.S.

Business

Disney launches new "Star Wars" figures for "Rogue One" spin-off

That won't be the case in the coming weeks though, as according to StarWarsNews.net a new trailer for the highly anticipated anthology film is set to debut with another Disney film - Doctor Strange . Darth Vader is back and so are a new collection of Imperial Death Troopers and Shore Troopers. Rogue One will reach British and American cinemas on Friday 16th December 2016.

Business

Trump Slams First Presidential Debate

Over the past few weeks Clinton has maintained a lead of between 4 and 6 points over Trump . "So that was pretty good", he argued. Clinton raised the subject when she said Trump had referred to former Miss Universe Alicia Machado of Venezuela as "Miss Piggy" because she had gained weight and as "Miss Housekeeping", ostensibly because she's Hispanic.

Business

Hollande wants 'Jungle' camp dismantled

Hollande's visit to Calais was his first as president, and did not include an trip to the actual camp, where an estimated 7,000 people live in squalid conditions. President Hollande told Britain to accept hundreds of migrant children from Calais yesterday as he pledged to end the port's migration crisis by the end of the year.

Business

Chinese factories eke out expansion in September

It was only the second time the index had been in expansionary territory since February 2015. The official China manufacturing PMI for September from the National Bureau of Statistics and China Federation of Logistics and Purchasing will be released on Saturday and came in at 50.4 in August which was the highest since October 2014.

Business

Pakistan rejects India on Kashmir 'surgical strike'

Pakistani Military has announced no such operation has been performed by any foreign army. India's Director General of Military Operations (DGMO) Lt General Ranbir Singh said India had carried out a "surgical strike" to stop attempted infiltration over the LoC.

Business

Deutsche Bank CEO ' rules out ' govt support

European shares rose on Wednesday, helped by gains among commodity stocks, while Deutsche Bank recovered from all-time lows hit in the previous session. Raising capital "is now not an issue", and accepting government support is "out of the question for us", German newspaper Bild quoted Cryan as saying in an interview.


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