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Sterling 'flash crashes' to 31-year low before recovering

A shock flash crash in the British Pound in early Asian trade greets sleepy-eyed London traders on Friday. The pound plunged as much as 10 percent at one point after French President Francois Hollande called for a hard Brexit for Britain, saying the European Union should negotiate toughly with the U.K.to avoid a fallout on member states.

Business

British pound's 6 percent "flash crash" baffles traders

Over just a few minutes, sterling GBPUSD, -1.9501% slumped more than 6% to trade as low as $1.1378 on some trading platforms, but other currency-trading providers showed a low of around $1.1841. "We must have this firmness". Freedom of movement is a requisite of membership of the single market, as as set rules for business. While sterling's move broadly coincided with some news reports that Britain's separation from the eurozone may be a tough process, some traders blamed it on a possible ...

Business

Wells Fargo CEO slammed for 'suspicious' $13M stock sale

Wells Fargo Bank, doing business as Wells Fargo Dealer Services, agreed to pay more than $4.1 million after the Justice Department alleged it repossessed 413 cars owned by servicemembers without obtaining a court order. Ellison questioned Stumpf for several minutes, often calling him out when he couldn't come up with an answer. Republicans on the committee have often advocated easing Wall Street regulations but at Thursday's hearing they were among Stumpf's strongest critics.

Business

Samsung Electronics to make Qualcomm Snapdragon 830 chips: Electronic Times

Samsung Electronics responded warily Thursday to a proposal by United States hedge fund Elliott Management to split the South Korean tech giant into two companies but markets cheered the plan, sending its shares to a record high. A number of Galaxy Note 7 units were shipped out with malfunctioning batteries which tend to explode when the phone is charging, and the company was forced to recall the Galaxy Note 7.

Business

Indian director chops off Fawad Khan's role from Dhoni's biopic

Not only critics, but even audience have praised the actor for portraying the role of the Indian skipper to the perfection. But did you know that Pakistani actor Fawad Khan was also a part of this flick? Directed by Neeraj Pandey, the film also features Anupam Kher, Disha Patani and Bhumika Chawla in pivotal roles.

Business

Trump Says He Won't Bring Up Bill Clinton's Past in Next Debate

Despite all evidence to the contrary, Trump insisted the event wasn't part of his debate prep. "I don't love. I don't hate". He also challenged Pence on Trump's decision to break with decades of campaign tradition by not releasing his personal tax information.

Business

Analysts Set Playtech PLC (LON:PTEC) Target Price at $1080.78

Analysts are expecting that the company to achieve $32.45 Price Target in next 52-weeks, average price is come up through the consensus of analysts. Vodafone's $7.2 billion cash injection into its Indian business has turned up the heat just days ahead of an $84 billion airwave auction which could decide who wins and loses in one of the world's fastest-growing telecoms markets.

Business

New Clinton ad is a 'Measure' of her commitment to children

It's called Immigration and Customs Enforcement. PENCE: -we're going to suspend immigration from countries compromised by terrorism. We're going to secure the border. If we got along with Russian Federation and Russia went out with us and knocked the hell out of ISIS, that's OK with me, folks. "Last night, America got a chance to look at my judgment".

Business

Yahoo scanned user email for signs of terrorist messages, report says

The order was described as "unusual" because it required the scanning of individual emails instead of user accounts as a whole, and was allegedly only given to Yahoo as other tech companies, including Apple, have said they never encountered such a demand .

Business

Brocade Communications Systems Inc. (BRCD) Now Covered by DA Davidson

The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.93 and a beta of 0.74. In the most recent session, Brocade Communications Systems, Inc . Investors of record on Friday, September 9th were paid a dividend of $0.055 per share. It has a dividend yield of 2.33%. The ex-dividend date was Wednesday the 7th of September 2016.

Business

Change is going to come and Tories will make it, pledges May

Her speech hinted that the Government's aims would be to maintain free trade with Europe but retake control of immigration and to refuse to adhere to the decisions of the European Court of Justice. Repeatedly referencing "ordinary working class people", she said she wanted Britain to become a "meritocracy" that worked for everyone. She added that the vote for Brexit in this year's referendum reflected not just a desire to quit the EU.

Business

Trump taking credit for Pence performance against Kaine

Pence's running mate, (Donald) Trump", said Schapiro who has covered Virginia elections and politics for the past 30 years. Tim Kaine fired up social networks like Facebook and Twitter as Donald Trump and Hillary Clinton weighed in on social media.

Business

UK's Hammond says would like Carney to extend time

Sterling fell on Thursday, undermined by growing concerns of a "hard" exit by Britain from the European Union and sidestepping Prime Minister Theresa May's comments on the impact of loose monetary policy. "They helped us recover from the financial crisis. But I certainly would welcome his decision to stay if that is the decision he makes", Hammond told Bloomberg Television in an interview .

Business

Trump forum was likely debate prep, says host

She wants to build up her energy for Sunday night". Republican Roger Souland, 30, a small businessman from Hudson, said he came to hear Trump in person and not through media sound bites. The rehearsals were comprehensive. Christie is reportedly helping Trump prepare for town-hall-style campaigning, a format that helped Christie become a national figure.

Business

United Kingdom industrial output weakens while trade deficit widens

The statistics came days after the Chancellor Philip Hammond had called on United Kingdom industry to ramp up its productivity levels if the country was to build an economy "that works for everyone". With the United Kingdom now facing a highly uncertain future outside the European Union, the need to improve productivity becomes ever greater, IHS Global Insight Economist Howard Archer, said.

Business

Global Dimethyl Sulfoxide Market Report: Focus on China

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. In terms of consumption , the Contactless Card segment in the global powered smart card market stood at 1,317.9 Mn units in 2015 and is expected to register a CAGR of 12.6% to reach 3,895.5 Mn units by 2024 end.

Business

'Keeping Up With the Kardashians' Production Halted at E! Following Paris Robbery

Should the show go on hiatus, it's possible that the family would remain on the air through its numerous spinoffs. Meanwhile Kanye has rescheduled two shows. 'She thought they were for sure going to kill her, ' a source told E! There also has not been any new activity on her social media accounts since the robbery .

Business

Oil prices fall on surging Iran sales

Ministers from the Organization of Petroleum Exporting Countries emerged from a closely-watched meeting last week in Algeria to say the 14-member production group, of which Venezuela is a member, could no longer ignore the pressure from the broad gap between supply and demand and how that was impacting the industry and the sovereign economies that hinge on those market dynamics.

Business

Lam Research, KLA-Tencor end merger, cite antitrust views

KLA-Tencor and Lam Research said in August that regulatory clearance for the deal may be delayed beyond October 20. Analysts rating the company a 1 or 2 indicate a Buy recommendation. It was $960.4451 millions for the quarter ended 2016-06-30. The company's revenue for the quarter was up 21.5% compared to the same quarter a year ago.

Business

International Monetary Fund Lowers Its Outlook For US Economic Growth

The Fund blamed a disappointing first half caused by weak business investment and consumption. The IMF said other risks to the outlook included further turbulence from China's transition towards a more consumer-driven economy, another drop in commodity prices, a sharp hike in trade barriers and a flare-up in geopolitical tensions.

Business

Big names pay respects to Arnold Palmer

Palmer died on September 25, at the age of 87. The Ryder Cup is displayed during a Celebration of Arnold Palmer at Saint Vincent College on October 4, 2016 in Latrobe, Pa . “It was the incredible ability to make you feel good — not just about him, but about yourself. "I called him one day", Saunders started, according to yahoo.com "And he would always answer the phone with 'Where are you?'" "Listen, I'm so proud to be Arnold Palmer's grandson".

Business

International Monetary Fund lowers Hungaryʼs 2016 GDP growth forecast to 2%

Globally, IMF projected world growth to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The unemployment rate is expected to remain stable at 1.9 per cent for this year, the same as in 2015, and increasing slightly in 2017, according to International Monetary Fund predictions, to hit 2 per cent.

Business

Prince's Paisley Park Museum Will Open, at Least for Now

Fans who purchased tickets for all other days through October 15 will be contacted by email with further details. The Chanhassen City Council wants to review public safety and traffic concerns before allowing Paisley Park to operate as a museum.

Business

Global growth to stay weak

The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April, reflects a more subdued outlook for advanced economies following the June UK referendum in favour of leaving the European Union (Brexit) and weaker-than-expected growth in the United States, the International Monetary Fund said.

Business

News Sentiment For Bristol-Myers Squibb Company (NYSE:BMY)

Additionally the company declared a dividend to be paid on Tuesday the 1st of November 2016. The stock's price switched up -0.11% 20-Days Simple Moving Average, dropped -7.47% from 50-Days Simple Moving Average and negatively -15.52% from 200 Days Simple Moving Average.

Business

Samsung could face second recall as US probes burnt phone

Shortly after its August release, the Galaxy Note 7 was linked to a spate of fires believed to be caused by the phone's battery. Samsung did not provide earnings or sales figure estimates for each of its business divisions. The company said it plans to replace the faulty batteries of the devices with new ones over the coming weeks. The Verge report included a photo taken by Green of the scorched phone lying on the plane's carpeted floor.

Business

FirstEnergy, Met-Ed send crews to Florida

As of 7 p.m. Thursday, almost 350 customers were without power in the Orange and Seminole County areas. Florida Power and Light reported about 7,150 customer outages in Miami-Dade and 4,150 in Broward, but those numbers could rise. OUC said it is prepared and ready to respond to Hurricane Matthew, and is bringing in hundreds of line techs and tree trimmers from as far as Texas and Missouri, and the company has more than triple its normal resources.

Business

Prince's Paisley Park gets temporary permit to open as museum

The museum at the home and studio of the late rock superstar Prince was due to open Thursday before the city council postponed action on a rezoning request. This includes parking in designated off-site areas for visitors and not placing memorials on the exterior of the fence surrounding Paisley Park. Specifically, council member, Bethany Tjornhom said that the community needs additional time to decide whether they will be prepared to host potentially 600,000 people a year.

Business

Two New Featurettes For Westworld Unveiled

Aside from the two videos, HBO has also unveiled a new poster for the series. In the HBO version of Westworld, there's only one theme in the park, a massive, completely immersive landscape in some unspecified location. The people who visit Westworld are known as "guests", and it's the job of the "hosts", android characters created by the technology group, to help keep up the facade that the world they're in is real.

Business

New 'Westworld' Teaser & Featurette Explore the Consequences of Humans Behaving Badly

The series is set to explore the boundaries of artificial intelligence as the synthetic "Hosts" begin acting erratically around the guests, referred to as "Newcomers". She's experienced the worst of Westworld , nearly on a daily basis. Whether Dolores' pain is programmed doesn't really matter. Stalking the park is Ed Harris as a black-clad gunslinger, stepping into the gunbelt worn by Yul Brynner in the original movie.

Business

Kaine: Pence threw Trump 'under the bus' in debate

Throughout this week's vice-presidential debate, Republican No. 2 Mike Pence shook his head and denied that Donald Trump had made inflammatory comments on a series of domestic and worldwide comments. Michael Frank, director of the Center for Public Service at Anderson University, said vice presidential debates don't move the needle on support for the presidential ticket.

Business

Judge orders UberX, Lyft to halt services in Philadelphia

The cease and desist order from Judge Linda Carpenter came on Thursday in the wake of a lawsuit from Taxi Workers Alliance of Pennsylvania and an announcement made by the Philadelphia Parking Authority. Both companies tell Action News they're "reviewing the order", and late Thursday Uber added, "While our appeal is pending". "I feel better. I feel better", said Syed Ahmad, cab driver.

Business

Damaged NJ Transit Train Removed From Terminal After Crash

A final report on what exactly caused the crash that injured more than 100 people could take a year or more to complete, WABC-TV says. Investigators said about 38 seconds before the crash, the train's throttle was moved from idle to a greatly accelerated position - reaching a maximum speed of 21 miles per hour.

Business

Asian shares firm after US service sector rebounds

Asian shares rose yesterday thanks to stronger United States economic data, while growing prospects of a near-term rate hike in the world's largest economy and possible tapering of stimulus in Europe hit gold and lifted the greenback. Silver also fell to US$17.565 per ounce, its lowest since late June. In Commodities Markets oil futures fell on Thursday after Saudi Arabia trimmed the price of its flagship crude to Asia, but were still near more than three-month highs following a fall in US ...

Business

SC slams BCCI for defiant attitude towards reforms

BCCI's legal counsel Kapil Sibal acknowledged court's order, but asked for more time. " BCCI must have a transparent policy on money disbursement to state associations". Further the Supreme Court also directed the BCCI not to disburse funds to its state units. The move came after the BCCI appointed a five-member selection committee during its Annual General Meeting (AGM) on September 21, which was in violation to the Lodha panel's guidelines.


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