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'Trump paid no tax for decades'

The filings show a net loss of $915,729,293 in federal taxable income for the year, a large enough loss to allow him to avoid paying federal income taxes for as many as 18 years. "Congress, which writes the tax laws, affirmatively subsidizes commercial real estate through the mechanism of the tax code". As a candidate who has built his campaign on his business acumen and understanding of USA tax laws, Trump's tax returns are just as consequential - and front page-worthy - as his sexist ...

Business

US consumer spending flat in August as auto purchases drop

It was the poorest showing since a flat reading in March. Economists had forecast that personal incomes increased by 0.2%, while spending rose 0.1%, according to Bloomberg. So despite softer-than-expected spending and income gains, many analysts believe the inflation update should give the Fed enough justification to raise its benchmark interest rate by year's end, assuming employment gains hold up over the next few months and no other surprises pop up.

Business

OPEC Members Agree On Oil Production Cut

Oil prices slipped Friday, as Russian Federation said it would wait for details of OPEC's surprise agreement to cut crude output before deciding on any changes to its own production. WTI crude dropped 4 cents to $47.01 a barrel, after first hitting $47.47, its highest since September 8. Goldman Sachs said the deal should add $7 to $10 to oil prices in the first half of next year, but added that longer term it was sceptical on the implementation of the proposed quotas.

Business

Global stocks mostly higher, weighing possible United States rate hike

DRUGMAKER DOWNER: Merrimack Pharmaceuticals, which develops cancer drugs, slumped 39 cents, or 6 percent, to $5.96 after announcing that it would cut nearly a quarter of its workforce and look for a new CEO. Telia Company advanced 0.52 percent in Stockholm. Among stocks making big moves, Merrimack Pharmaceuticals slumped 31 cents, or 5 percent, to $6.04.

Business

Investigators Scour Hoboken, NJ, Train-Crash Site for Second Data Recorder

He said people should let the National Transportation Safety Board "do their work", adding that "you let the facts lead you to the appropriate conclusion". Witnesses and officials said the New Jersey Transit train came into the station too fast and never slowed, but it was unclear why. De Kroon was 34.

Business

Oil heads for big weekly gain after OPEC-fueled rally

Energy Aspects estimated the net effect of the production cuts would be around 400,000 bpd as output from Libya and Nigeria remained uncertain. " OPEC's track record on adhering to production cuts to quotas is ridiculously poor ... "If this proposed cut is strictly enforced and supports prices, we would expect it to prove self defeating medium-term with a large drilling response around the world", analysts at Goldman Sachs said in a note, citing a 1987 OPEC cut that led to surge in ...

Business

Syria: Hospital attacked as regime makes gains in Aleppo

At least six people were killed in the raids on Sunday morning, activists told Al Jazeera. The ministry concluded by expressing gratitude to Russian Federation for "standing by Syria on the military, political and economic levels and helping Syria to regain security and stability".

Business

Murder investigation launched following discovery of a body in Dublin

The 64-year-old victim lived in Ballinascorney Upper, Brittas, Co Dublin, and was a passionate conservationist. Following the discovery of Mr McCoy's body, his grieving family appealed for help to find one of the dogs that has failed to return home.

Business

3 dead, including gunman, in Tennessee factory shooting

Joyce said officials and workers with the company are "heartbroken" over the shootings. Employees ran from the building, taking shelter in a nearby wooded area, a cemetery and another plant. "We ask that you join us in keeping all of our employees, our colleagues in Athens , the families of the victims, and the community of Athens in your thoughts and prayers during this hard time", the statement said in part.

Business

Japan shares lead Asian gains as yen slips on strong US data

The 225-issue Nikkei Stock Average rose 148.83 points, or 0.90 percent, to close at 16,598.67. Sterling crept up 0.2 percent to $1.2851 GBP= after plunging close to 31-year lows against the dollar on Monday after the United Kingdom set a March deadline to begin the formal process for Britain's exit from the European Union.

Business

No surprises as RBA holds rates steady

Reserve Bank of Australia in its monetray policy meeting left interest rates unchanged at 1.5 percent as it weighs the effect of past easing and the biggest-ever boom in apartment building helps underpin economic activity and jobs growth. Financial institutions are in a position to lend for worthwhile purposes. Although these factors are assisting the economy to make the necessary economic adjustments, an appreciating exchange rate could complicate the process, the bank said.

Business

Bass Pro buys Cabela's in multi-billion dollar deal

Bass Pro operates a store inside Fingerlakes Mall in Aurelius. "The story of each of these companies could only have happened in America, made possible by our uniquely American free enterprise system", Morris said. "As of today, we can not make comments as it relates to the pending transaction with Cabela's", said Jack Wlezien, spokesman for Bass Pro Shops . Wlezien said because Cabela's is a publicly traded company and there are a number of federal regulations that need to be followed ...

Business

Sterling falls as May announces Brexit trigger date

Peel Hunt economist Ian Williams said that the confirmation that Article 50 will be triggered in March 2017 has given some clarity for investors, but that in practical terms little has changed. She said this would make Britain an "independent, sovereign nation" and that the repeal of the 1972 Act will not take effect until the country leaves the European Union under Article 50.

Business

Put forth evidence of surgical strikes to expose Pakistan: Congress to govt

The Centre had after the LoC raid asked Jammu and Kashmir and Punjab to move people living close to Pakistan frontier to safer locations. He said that India wants to divert the world's attention from Kashmir by escalating tensions. On Friday, United Nations secretary general Ban Ki-moon said he was deeply concerned and called upon both countries to "exercise maximum restraint".

Business

Colonial Pipeline plans to restart line Wednesday

Colonial Pipeline said supply disruptions would be felt first in Georgia , Alabama, Tennessee, North Carolina and SC. The American Automobile Association reports that in Georgia, the regular gas price rose about 5 cents from Monday to Tuesday, to an average $2.36 statewide.

Business

Tesla Autopilot update starts rolling out tonight

The change is said to address the limitations that contributed to the fatal Autopilot crash in Florida. Musk has said that the latest upgrade to Autopilot will process radar signals better, meaning it will likely be able to better detect some objects that could be harder to see because of light, color, or weather.

Business

Elizabeth Warren Destroys Wells Fargo CEO: 'You Should Be Criminally Investigated'

He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a "scam". In particular, the board's oversight of the bank's compensation is under fire because of an incentive-pay structure that fueled the scandal by rewarding employees for selling more products to existing customers.

Business

Surgical strikes: Manohar Parrikar likens Indian Army to Hanuman

It is understood that Mr Doval gave Mr Janjua the details of the surgical strike carried out by the Indian Army last Friday, during which Indian soldiers destroyed five terror launch pad and two facilities of the Pakistan Army in a simultaneous strike inside Pakistan Occupied Kashmir.

Business

Tribes bring North Dakota pipeline fight to Congress

He also took a 24-hour road trip over Labor Day weekend to deliver supplies and visit the campground in Cannonball, North Dakota- where more than 4,000 people from more than 280 tribes have gathered in support of the Standing Rock Sioux. It is unclear what Energy Transfer Partners intends to do with the property. "The tribe was denied access to information and excluded from consultations at the planning stage of the project and environmental assessments failed to disclose the presence and ...

Business

NY AG orders Trump Foundation to stop fundraising

However, one of the entities not falling for the jig is the New York Attorney General's Office, which has ordered The Trump Foundation to shut down. The Trump campaign said yesterday that the charity would cooperate with the investigation: "While we remain very concerned about the political motives behind AG Schneiderman's investigation, the Trump Foundation nevertheless intends to cooperate fully with the investigation", said campaign spokeswoman Hope Hicks.

Business

So does Trump's tax maneuvering make him a genius or irresponsible?

The Clinton Foundation has been a subject of scrutiny during Hillary Clinton's presidential campaign, but a new Morning Consult poll shows Donald Trump's relationship with his own nonprofit charity is even more disconcerting to voters. Workers who are frequently seeking new positions, moving from one show to the next, have nothing to gain, and everything to lose, by publicly acknowledging difficulties on the job.

Business

Oil drifts after Brent hits US$50 per barrel

The Organization of the Petroleum Exporting Countries (OPEC) is discussing a plan that could cut oil production by nearly 700,000 barrels a day, but experts note this production decrease isn't likely to see gas prices rise in the near future.

Business

Yellen Pledges Diversity at Fed Amid Search for Atlanta Chief

Garrett also suggested that there may be something to the perception that Fed governors have a "cozy" relationship with the Obama Administration and the Clinton campaign. Mr Evans said weak growth, an aging workforce and poor productivity may leave the U.S. economy stuck with low interest rates for years to come, and the Fed struggling to reach its 2 per cent inflation target.

Business

Stocks jump, euro steady as Deutsche Bank rebounds

In September 2008, the US government made clear that it was not going to bail out investment bank Lehman Brothers when it was in huge difficulty. The bank, he insisted, is fundamentally strong, is meetings its capital requirements, and has "an extremely comfortable buffer" when it comes to liquidity, with reserves of more than 215 billion euros ($241 billion).

Business

Wells Fargo CEO to forfeit $41 million amid fake-accounts scandal

The compensation and investigation announcement comes as Wells Fargo attempts to recover from a scandal that kicked off on September 8, when regulators alleged that employees opened or applied for accounts without customers' knowledge or permission.

Business

Deutsche Bank races against time to reach US settlement

Deutsche Bank is poised to reach an agreement with labour representatives this week that will pave the way for the German lender to eliminate about 1,000 jobs in its home market as part of chief executive officer John Cryan's cost cuts announced past year, said people with knowledge of the matter.

Business

Amazon bans incentivized reviews tied to free or discounted products

The Seattle-based company selects the customers conducting the reviews on promotional products, so there is no direct link to the sellers or expectation of a positive review. In addition, vendors don't have any contact with Vine reviewers, nor do they get to influence which reviewers will receive their products, which are submitted directly to Amazon for distribution.

Business

Hillary Clinton up 5 points over Donald Trump in latest national poll

Clinton says it means Trump "may not have paid a dime" in federal income taxes for almost two decades. "If he thinks that makes him smart , what does he think of you?" the narrator asks, before the ad cuts to Trump saying "How stupid are the people of the country?" Across all age groups, support for Trump releasing his tax returns was lowest at 63 percent among voters age 40-49.

Business

Players and fans to pay respects to Arnold Palmer at Ryder Cup

Known simply as "the King", Palmer's influence on the world of sport can not be overstated. Palmer was especially dominant from 1960 to 1963, winning 29 PGA Tour events. Palmer became the first major United States sports celebrity endorsement star, the role made for him in the 1960s. "I've respected a number of players who came before me, but Arnold Palmer was my model on and off the course", he said in a statement ( via golfchannel.com ).

Business

Pound falls as Brexit date is set for March 2019

The British government has been under pressure from European leaders to formally begin the two-year process of leaving the EU since it voted in June to leave the bloc. Uncontrolled mass immigration from the European Union was a major factor in Britain's historic vote to become the first country to leave the bloc after four decades of membership.

Business

Nougat for Galaxy S7, S7 edge said to bring new Grace UI

The problem doesn't affect all Note 7 phones, because Samsung uses batteries from different suppliers. The update will change the color of the battery icon in the display of the smartphone from white to green, which will make it easier for users and authorities such as airport personnel to spot unsafe Galaxy Note 7 smartphones .

Business

Libertarian candidate for president Gary Johnson coming to Phoenix

But the hour didn't go as planned. He was also referring to a moment a few weeks ago when he was asked what he would do about Aleppo, which is a city in Syria that's facing a mass amount of destruction due to the ongoing war there. Pressed to "pick any leader", Johnson finally replied, "The former president of Mexico". "The former president of Mexico", said Johnson . Gary Johnson's presidential campaign has brought national attention to some of the most important questions facing the ...

Business

After debate, Trump says he raised $13 mln

Libertarian candidate Gary Johnson drew 7% support, ahead of Green Party candidate Jill Stein at 1%. As the campaigns are winding down, only nine respondents said they were still undecided. Around 57 percent of likely voters, who watched the debate , said Clinton was a better contestant than Trump, who was favoured by just 23 percent.

Business

Factsheet: Donald Trump's tax returns

The Democrat's broadside was her first response to a weekend New York Times report that Trump claimed a loss of almost $916 million in a single year on his personal income taxes. If there's one thing that Donald Trump is good at, it's burning bridges. "You see that man?" A lot of people you won't ever hear from again from that period.

Business

Wells Fargo CEO to forfeit $41 mn in bonuses amid scandal

Stumpf, I regrettably have a mortgage with your bank". 'Fraud is fraud. Theft is theft, ' the committee head, Republican Jeb Hensarling, told Stumpf. Democratic Massachusetts Rep. Stephen Lynch said the company "satisfied all the elements" under the Racketeer Influenced and Corrupt Organizations Act, passed in 1970 to go after mobsters.


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