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Warnings issued for Florida as Hurricane Matthew turns from Cuba

The governor said his biggest worry is that residents won't take seriously the threat from Matthew if an evacuation order is issued, especially since so many new residents have never lived through a hurricane. "If Matthew directly impacts Florida , there will be massive destruction that we haven't seen in years". By Thursday , Matthew will be on eastern Florida's doorstep.

Business

Senate Dems' bill would let Wells Fargo customers sue

Wells Fargo (WFC), the embattled American banking giant, has seen its stock price slump as the company has come under fire for a customer-accounts scandal in which employees created fake accounts unbeknown to its clients. Hillary Clinton is holding up Wells Fargo as Exhibit A in what's wrong with Corporate America. At a House Financial Services Committee hearing last week, Stumpf said he believed that the arbitration process was fair, but that the bank would pay for a mediator to ...

Business

CT reviewing its relationship with Wells Fargo

Wells Fargo said Tuesday that Stumpf will forfeit about $41 million in unvested equity and temporarily forgo his salary. Though Stumpf has not resigned, he comes into the hearing on the heels of an announcement that Wells Fargo's Independent Directors are launching an investigation into allegations that bank employees were opening accounts without customers' knowledge or permission and that his pay had been frozen.

Business

Ill. the Latest State to Suspend Business With Wells Fargo

State Treasurer Michael Frerichs said Monday that his office would stop brokering investments through banking giant Wells Fargo after the bank was fined $185 million for bilking customers out of millions. Wells Fargo spokesman Mark Folk said the bank is "working to make things right" if any customer has a product or service they don't want or need.

Business

Replacement Samsung Note7 Smartphones With Unaffected Batteries Available in Stores

Samsung and the U.S. CPSC urge everyone who bought a Note7 before September 15 to power down their device. However, this is yet to be confirmed , but it could still be another way of dealing with stubborn owners of the Note 7 who are reluctant to take back their recalled phones.

Business

'The Situation ... Is Truly Catastrophic'; Hurricane Matthew Slams Into Haiti

While it's too soon to know if it will make a direct hit on Florida or somewhere else along the US coast, Matthew is expected to create risky conditions. Matthew is the strongest hurricane to hammer the region since 2007, when Felix reached Category 5 status with sustained winds of 160 miles per hour and killed more than 130 people, most in Nicaragua.

Business

Saudi adopts Gregorian calendar for payments

This news story is related to Latest/154564-Saudi-abandons-Islamic-calendar-for-govt-pay/ - breaking news, latest news, pakistan ne. Also, government employees will get less annual salaries than they used to receive. Since its founding in 1932, the Kingdom has had a lunar calendar. Saudi authorities on Sunday started enforcing increases in the fees for entry visas.

Business

NJ set to hike gas tax by 23 cents a gallon

The vote has been a highly controversial one for New Jersey residents, many of whom have to commute to NY and Philadelphia for work. That would still be lower than neighboring NY and Pennsylvania, but higher than Alaska, which at 12.25 cents a gallon has the lowest gas tax in the country.

Business

Goldcorp Inc. (NYSE:GG) , Anadarko Petroleum Corporation (NYSE:APC)

The company stock was upgraded to Buy from Accumulate, wrote analysts at Johnson Rice, in a research note issued to clients on Tuesday September 13, 2016. The price target according to the broker shows a possible decrease of -5.39% from the current stock price of 63.42. The company finished it is trading at $63.42.

Business

Barrick Gold Corp. (ABX) Upgraded to "Strong-Buy" at Zacks Investment Research

On July 14 the stock rating was upgraded from "Hold" to "Buy" by Jefferies. The stock has "Hold" rating given by Berenberg on Wednesday, September 7. 02/12/2016 - Kinross Gold Corporation had its "equal weight" rating reiterated by analysts at Barclays.

Business

Tim Kaine attacks, Mike Pence fights back in vigorous VP debate

Pence, an equally genial politician, was unflappable. "The newly emboldened - the aggression of Russian Federation, whether it was in Ukraine or now they're heavy-handed approach.", said the calm and cool looking Indiana Governor as he was interrupted by Kaine, who appeared to be on the attack from the very first moment of the debate.

Business

Encana Corp. (ECA) Upgraded to Buy by Citigroup Inc

The stock's 50 day moving average price is $9.82 and its 200 day moving average price is $8.06. The stock closed at $10.47 for the day, a gain of 3.66% for the day session. The dividend was $0.015 per share for the quarter which comes to $0.06 on an annualized basis. For trailing twelve months, EPS value for the stock is $2.50.

Business

Eli Lilly and Co (NYSE:LLY) Analyst Estimates

The Company owns leases acquires disposes of develops expands and manages regional and super-regional shopping centers and interests therein. For trailing twelve months, LLY attains gross profit margin of 73.70% and operating margin stands at 14.60%, that are showing consistency of trends in firm's earnings.

Business

Canada to implement carbon tax

On Monday , while provincial environment ministers were meeting with federal counterpart Catherine McKenna in Montreal to hash out a climate change plan, Trudeau trumped them by announcing the details in the House of Commons. The provincial government isn't the only entity in Saskatchewan raising alarm bells over the impending carbon tax. Goodale said the province can have control of how the carbon tax will be collected.

Business

Philippines' Duterte tells Obama 'you can go to hell' in new tirade

No, I can not stop because I will lose my momentum and I can not afford it because I am now the President. Last week, Duterte wanted to cancel the ongoing joint military exercise with American troops. His latest broadside against the United States came in a speech before a local convention attended by officials and business executives. But he said he will not apologize to the critics of his tough and often violent crackdown on suspected drug users, producers and sellers.

Business

Sharif praises Burhan Wani's 'sacrifice' in Pakistan Parliament amidst peace-talk rants

PM Nawaz also asked for putting an end to the ongoing curfew in the Occupied territory. The Prime Minister said, "I am happy to note that both sides have established various platforms and tools to promote trade, business and investment between the two countries, which provides a solid basis for enhancing multi-dimensional relations".

Business

Oil Prices Continue Their Rally As EIA Reports Surprise Draw

Yesterday, API reported a huge draw of 7.6 million barrels, marking the fifth week of negative estimates. Last week the EIA reported a draw of 1.9 million barrels in a not-too-common sync with the American Petroleum Institute, which had estimated inventories to have gone down by 752,000 barrels.

Business

Amtrak delays after Bronx freight derailment; no injuries

Trains being held in New Haven. Amtrak Acela Express and Northeast Regional services were temporarily suspended between New York City and New Rochelle (roh-SHEHL'), New York. Service is now suspended btwn NYP/New Rochelle due to a freight derailment. Passengers traveling through area should expect delays. Amtrak customers have been advised to switch to Metro-North Railroad until the tracks are cleared.

Business

Oil hits highest since June on possible US inventory drop

The narrowing of the Brent-WTI differential was driven, in part, by the weekly report from the Energy Information Agency (EIA), which indicated that crude inventories in the USA had declined by 1.88 MMbbl during the previous week. " All eyes now turn to the EIA crude inventory numbers tonight ", said Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore. OPEC agreed in Algeria, in September, to cap production at not more than 33 million barrels per day.

Business

Pence to Kaine: 'You whipped out that Mexican thing again'

I put that to Kelly Anne Conway, Mr Trump's campaign manager: "He's on his ticket, so he agrees with him - so I don't agree with that". Moderator Elaine Quijano eventually implored the two vice presidential nominees to scale back the interruptions, echoing the thoughts of many on Twitter.

Business

World Teachers' Day being celebrated across the globe

Its aim is to mobilize support for teachers and to ensure that the needs of future generations will continue to be met by teachers. The theme for the World Teachers' Day 2016 was Valuing Teachers, Improving their Status . Ms. Philippa Larsen, acting President of GNAT, who made the appeal at the launch of this year's World Teachers Day in Accra, said the association was very much concerned about laying a solid foundation for pupils from the Kindergarten level.

Business

US services companies report fastest growth in nearly year

The measure rose to 60.3 in September, also the highest since October 2015, after 51.8 in August that was the weakest since the start of 2010. On Monday, the ISM released a separate report showing a turnaround by activity in the manufacturing sector in the month of September.

Business

Hillary Clinton's debate surge is now clear

The former U.S. secretary of state clinches 50 percent in a head-to-head matchup, but still leads the billionaire by 6 points. Foreign policy was the most important for 18 per cent, followed by immigration at 9 per cent and security and environment, both at 8 per cent.

Business

USA stocks shrug off Deutsche Bank woes

Deutsche Bank is the largest lender in Germany, and investors are anxious not just about its stock price, but the effect on the financial system if Deutsche Bank runs into serious trouble and the German government does not help it. Cryan said the bank was stable, with a sufficiently large capital cushion. Analysts at Morgan Stanley estimated Deutsche could pay about $6 billion to settle with the DOJ.

Business

Deutsche Bank shares up as investors await fine amount

S&P 500 e-minis (ESc1) were up 0.75 points, or 0.03 percent, with 132,719 contracts traded. UBI Banca (Milan Stock Exchange: UBI-IT) shares were 1 percent lower after the European Central Bank rejected a proposed plan by the lender to buy three other Italian banks.

Business

Russian embassy in Damascus comes under fire

The US has condemned Russia's backing of Syrian President Bashar al Assad as "irresponsible and profoundly ill-advised" but vowed to keep up peace efforts in Syria. The move had been threatened last week by Secretary of State John Kerry, furious at repeated airstrikes on rebel-held areas of Aleppo. The Kremlin said it would restore the treaty if the USA decreased the size of Nato forces deployed in eastern Europe, ended sanctions against Russia over the Ukrainian conflict, and cancelled the ...

Business

Congress takes strong stand for 9/11 victims

And, citing "unexpected ramifications" - like threats to Americans overseas - they want to change the law they've just forced through over his objections. By doing so, Americans have once again put across a message that they are friends of none and do not care even about those who contributed immensely in their economic development through massive investments.

Business

Constituent Assembly is Solution to Peace: FARC-EP

The peace deal had been hailed as historic from the time it was concluded on Aug 24 to the moment it was signed last week in the presence of United Nations chief Ban and US Secretary of State John Kerry. With the deal at risk of collapse, a half-century war that has killed more than 220,000 and displaced eight million, could easily flare up again, a scenario that seemed unimaginable before Sunday.

Business

NAB apologises for national system outage

NAB retains a 20 per cent stake in the life insurance business and has agreed to what it called a "long-term" partnership with Japan's Nippon Life that includes a 20-year distribution deal. Some customers posted photos on social media that they had been on hold for more than an hour as they waited to speak to someone from the bank. Other customers complained that none of their staff could be paid, while one man claimed he couldn't even afford to buy food.

Business

U.S. Trade Deficit Unexpectedly Widens To $40.7 Billion In August

The value of exports climbed 0.8 percent to $187.9 billion in August from $186.4 billion in July, as a jump in exports of industrial supplies and materials was partly offset by a drop in exports of capital goods. Exports to the United Kingdom were up 25 percent during the month, while sales to China were up 5.7 percent. Economists polled by Reuters had forecast the trade gap decreasing to $39.3-billion in August.

Business

US Trade Deficit Unexpectedly Widens To $40.7 Billion In August

Overall volumes rose by 0.4 percent while prices edged up 0.2 percent. Canadian exports rose 0.6 percent during the month, led by energy sales, and are up 5.3 percent since touching a two-year low in May. With the value of imports rising by more than the value of exports, the Commerce Department released a report on Wednesday showing that the US trade deficit unexpectedly widened in the month of August.

Business

Bass Pro Shops buying rival for $5.5B

State economic incentives will be part of the pitch presented to Bass Pro by a "transition team" of local and state officials, the governor said. In the deal announced Monday, Bass Pro is paying Cabela's shareholders $65.50 cash per share.

Business

BlackBerry cuts the cord on its ailing hardware business

In fact, he suggested future partnerships with hardware makers would yield additional BlackBerry devices. BlackBerry (BBRY) is walking away from making its own smartphones as part of its turnaround plan, but the exit may not be enough to turn around its struggling business.

Business

Hassan pounces on Ayotte's Trump response

Ayotte, who has not endorsed Trump for president, said she "absolutely" views him as a role model during a debate. Democrats are hoping that Trump atop the Republican ticket will help them in a handful of purple states - including New Hampshire - that were previously carried by President Obama by negatively impacting down-ballot races.

Business

Earnings Estimates About ON Semiconductor Corporation (NASDAQ:ON)

While in the same Quarter Previous year, the Actual EPS was $-0.63. The stock's 50 day moving average price is $29.55 and its 200 day moving average price is $29.52. Presently, Analysts measured mean EPS forecast of $0.05 for current quarter and thirty days ago mean EPS estimate was at $0.05. The stock now has its 52-Week High range of $33.63 and 52-week low range of $18.22.


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