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Arianna Huffington to leave Huffington Post to focus on startup

In 2014 she published " Thrive " and this year she published "The Sleep Revolution" and has been lecturing on the topics around the country. The Huffington Post was founded as a liberal alternative to the Drudge Report and quickly rose in prominence as a blogging platform and news aggregator.

Business

U.S. stock indexes close at record highs

A report showing a bigger-than-expected increase in US oil stockpiles last week weighed on the price of crude, reversing an early gain. The sector got a boost from a turnaround in oil prices, which fell earlier Thursday but then rose 4.3% to $43.49 a barrel.

Business

Oil up 4% as Saudis mull meeting, tighter market forecast

Crude was also moved into products during June, as OECD countries reported excess crude as part of inventories, commercial stocks ballooned to 5.7 million barrels daily. Crude oil prices extended their decline in early Asian trade on Thursday amid the expected growth in OPEC's production. "Oil is increasingly looking like it may want to retest its Dollars 39 lows that it touched at the start of August", said Angus Nicholson, a strategist at IG Markets, said in a note.

Business

Snapshots: Koch network passes on Trump

The "blood libel" refers to a centuries-old false allegation that Jews murder Christians - especially Christian children - to use their blood for ritual purposes, such as an ingredient in the baking of Passover matzah (unleavened bread). The first priority of his donor network is "to preserve the country's financial future and to eliminate corporate welfare". The Kochs have refused to support Trump , despite pressure to do so from some donors in their network.

Business

Rail passengers face five-day strike after Southern talks break down

Southern said it will run 60% of trains in an emergency timetable from Monday. GTR claimed that "one-in-five rostered conductors defied RMT pressure and attended work on Monday". They did not want to discuss the role of the On-Board Supervisor and remain rigidly opposed to evolving the role of on- board staff to focus more on customers.

Business

More rail woe as RMT union calls Eurostar strike to ruin holidays

Striking workers on a British rail network have called off the final two days of a strike that has disrupted the journeys of hundreds of thousands of commuters. "The company knows that prescriptive pre-conditions would not allow genuine talks to take place". "The ball is now in their court", he said. The union has staged a protest outside the Transport Department in London, accusing the Government of "sabotaging " attempts to reach a deal.

Business

"Mostly Peaceful" Protesters Attempt Murder On Anniversary of Mike Brown's Death

A vehicle speeding down West Florissant Avenue, where roughly 75 protesters gathered not far from where Brown died, struck a protester who was in the street. And no arrests have been made. There were no charges against Wilson because the State grand jury refused to do so. He adds Ferguson is well on the road to recovery after the unrest that followed Brown's death in 2014, with a net-positive economic growth since that time.

Business

India has huge potential for cloud services: Alibaba

Alibaba Group Holding Ltd is extending a hand to companies such as SAP SE keen on operating in China, proffering a window into a market that's increasingly hostile to foreign technology. In conjunction with the debut of AliLaunch, Alibaba Cloud also announced the formation of a global program-called the Global Technology Partners Marketplace-to assist tech companies in building cloud-based software that is hosted by and integrated with Alibaba Cloud's services.

Business

Delta cancels hundreds more flights, expects normal operations soon

And it offered refunds and $200 in travel vouchers to people whose flights were cancelled or delayed at least three hours. Delta's technological snag has been resolved but cancellations and delays continued into Wednesday as the airline struggled to reset its global flight schedules and get thousands of employees back into their regular rotations, according to officials.

Business

Wall Street softer on falling crude oil

Stocks in the United States and Europe raced higher on Thursday helped by encouraging corporate reports and a 4 percent surge in oil prices on comments from the Saudi oil minister and a forecast for a tighter crude market. Saudi Arabia is one of a handful of countries that burns crude oil for electricity. Oil declined after a government report showed USA crude inventories increased on weakening demand from refineries.

Business

How the Dow Jones Industrial Average Fared on Monday

THE QUOTE: "It's been such an oversupplied market for a long period of time, to get that supply-demand closer to being in balance, or to be in balance, is a huge driver", said David Chalupnik, head of equities for Nuveen Asset Management. After more than a year without setting new records, the benchmark S&P 500 consistently has been reaching new peaks after breaking to a new all-time high a month ago.

Business

Americans miss out on Olympic quarterfinals by one kick

The Americans can finish ninth in Olympic competition with a victory over Spain on Thursday. Despite being down a man, Fiji scored a try on the final play of the first half to go into halftime leading 12-7. Ebner grew up playing rugby but switched to play football in college. Rugby is in the Olympics for the first time since 1924. Ebner, a former Ohio State Buckeye, gave his National Football League teammates something to cheer about, scoring a try to help the US defeat Brazil 26-0.

Business

Crude oil remains below $40 as oversupply weighs

Supplies rose to 521.1 million barrels through July 22, keeping them more than 100 million barrels above the five-year average. Oil prices tumbled Monday below $40 per barrel for the first time since April , with both Brent and U.S. Oil fell during afternoon trade in Asia Wednesday, with United States crude hovering near three-month lows as traders awaited data that will give hints of demand in the world's top consumer.

Business

Donald Trump calls Obama 'founder of ISIS'

He's the founder of ISIS. Trump responded: "No, I meant he's the founder of ISIS. I do". Trump blamed the president for his decision to withdraw troops, which some argue created a power vacuum in which extremist groups like ISIS thrive.

Business

Trump refuses to back away from false claim Obama founded Islamic State

I do". The night before, Trump had made one of his signature wild claims, this time that President Obama is the "founder" of the terror group ISIS. You meant that he created the vacuum, that he lost the peace. Trump's accusation - and his use of the president's middle name, Hussein - echoed previous instances where he's questioned Obama's loyalties. "In fact, in many respects, you know they honor president Obama".

Business

Trump won't back off false claim that Obama founded IS

Donald Trump repeatedly accused President Barack Obama of founding ISIS at a rally Wednesday. Some Republicans see a small silver lining in Trump talking more about Clinton. This has happened over and over during the campaign, and it would happen, with much higher stakes, during his presidency. The conservative radio show host pressured Trump to restate what he had said, but Trump refused.

Business

Trump Doubles Down on ISIS Claims Against Clinton, Obama

When asked if it was fair to label the president as the founder of a terrorist organization, Trump said: "All I do is tell the truth". "We've really been given a false narrative", Trump said of his struggles in Utah. He accused Trump of "echoing the talking points of Putin and our adversaries to attack American leaders and American interests". The concerns are compelling enough that dozens of anxious Republicans gathered signatures Thursday for a letter to the GOP party chairman urging ...

Business

What's behind Turkey's rapprochement with Russian Federation?

Turkey on Tuesday warned the United States against sacrificing relations between the two nations for the sake of Pennsylvania-based preacher Fethullah Gulen , who Ankara blames for the July 15 failed coup . Halted joint projects include the construction of the Turkish Stream gas pipeline and the Akkuyu Nuclear Plant. Erdogan also mentioned that Putin was one of the first world leaders to call him after the attempted coup on July 15 to express his support, which Erdogan said "gladdened ...

Business

Erdogan and Putin sit together to end Turkey-Russia rift

At the time, Putin described it as a 'stab in the back by supporters of terrorism.' President Erdogan said that Turkey had warned Russian Federation about crossing into its airspace and he later apologised for the incident. Speaking to French Le Monde, Erdogan accused the European Union of teasing Turkey for 53 years. "God willing, with these steps the Moscow-Ankara axis will again be a line of trust and friendship", Erdogan said.

Business

U.S. Drillers Need $60 Oil to Stage Real Comeback, IEA Say

The main consolation for those wishing for an upturn in the oil sector was that inventories of gasoline and distillates fell back, with gasoline supplies down 2.8mln barrels and distillate reserves 2mln barrels lower. The forecast for 2017 - although still above trend - was cut by 0.1 million bpd from last month's report following a revision to the global economic outlook by the International Monetary Fund after Britain voted in June to leave the European Union.

Business

Michael Johnson says ban dope cheats from Olympics

The IOC's decision not to ban the entire Russian delegation from Brazil has looked increasingly weak as the Games have progressed, with the Paralympic movement's eviscerating attack on the country's doping culture adding to the pressure on Bach, who has a good relationship with Russian president Vladimir Putin.

Business

Donald Trump's lead in SC under margin of error

A recent poll commissioned by NBC News and SurveyMonkey indicates Clinton holding a commanding 10-point lead over Trump. Clinton's lead jumped from one point to eight after becoming her party's presidential nominee at the Democratic National Convention.

Business

Arianna Huffington leaving Huffington Post

She said she made a decision to leave the online news organization because "I simply couldn't do justice to both companies". "I step down as editor-in-chief filled with gratitude for our awesome HuffPost team and for what we've built together, and for [AOL CEO] Tim Armstrong who had the vision to buy HuffPost five years ago and to support from day one our global expansion", said Huffington in a statement .

Business

Who else is closing stores

But Macy's stock surged in response to its store-closure announcement. Thursday's report is the first since the company announced the impending departure of CEO Terry Lundgren next year, when current Macy's President Jeff Gennette will take the helm.

Business

Valeant CEO receives unsolicited buyer interest for core assets

EDT. Valeant earned an adjusted $1.40 per share ($1.47 expected) on revenue of $2.42 billion ($2.46 billion expected) during the second quarter. On average, equities research analysts predict that Valeant Pharmaceuticals International will post $6.53 EPS for the current year.

Business

Montini: Trump's excuse for hinting at violence to Clinton is a crock

Trump's response didn't help, as his campaign blasted supposed media bias. Claiming falsely that Clinton wants to revoke the right to gun ownership guaranteed in the Constitution's Second Amendment, Trump said there would be "nothing you can do", if she's elected, to stop her from stacking the Supreme Court with anti-gun justices.

Business

Rio Olympics: Swiss cyclist Cancellara wins gold in men's time trial

The 2008 victor and four-time world champion Cancellara clocked 1 hour 12 minutes 15.42 seconds on a wet morning over the 54.5-kilometre distance. Tour de France champ Chris Froome took bronze. I think I'm just proud. "The best answer I can give is that I can". The son of Olympic medalists David Phinney and Connie Carpenter-Phinney, Taylor Phinney's career took a gruesome hit two years ago when he suffered a severe leg fracture.

Business

IEA sees oil markets slowly tightening after months of oversupply

On the demand side, the IEA said it expected a slowdown from 1.4 million barrels per day in 2016 to 1.2 million bpd in 2017. It comes as concerns that global oil markets are recovering less quickly than previously expected have weighed on crude prices recently.

Business

Clinton portrays Trump economic plans as handouts for rich

Clinton once called the TPP the "gold standard" of trade deals when she served as Obama's secretary of state but announced her opposition to the deal past year, saying it did not meet her standard for creating jobs, raising wages and protecting national security.

Business

Video showing cruelty at Tyson chicken farms prompts firings

After announcing the suspension and termination of several employees resulting from initial reports of animal cruelty at a contract chicken production facility in Virginia earlier this week, Tyson Foods officials announced additional action on August 9.

Business

All three top stock indexes post record closing highs

The Dow Jones industrial average climbed 117.86 points, or 0.6 percent, to 18,613.52. The Standard & Poor's 500 index rose 10 points or 0.5 percent to 2,186. Disney (DIS) reported upbeat second-quarter results and announced the purchase of a stake in video-streaming service BAMTech. Among the worst performers on the Big Board, meanwhile, is fast food firm Shake Shack Inc (NYSE:SHAK), which reported disappointing quarterly same-stores sales.

Business

Trump blames George Bush for Humayun Khan's death

Trump faced widespread criticism in recent days from the Veterans of Foreign Wars , other veterans groups and fellow Republicans for disparaging the parents of Humayun Khan , a US Army captain who was killed in 2004. During a March presidential debate in Miami , Rubio drew a contrast between Muslim terrorists and those who had served in the nation's military. Those who have worked with Trump say that in private meetings, he can often appear amenable to putting a controversy aside.

Business

Fiji 7s assured of Olympic medal

Rugby is back in the Olympics for the first time since a 15-a-side tournament was played in 1924. Fiji absolutely blew out Great Britain, 43-7, in the Olympic gold medal rugby game Thursday night, giving the country its first ever Olympic medal.

Business

Department stores hope to recapture appeal, be destinations

The majority of the stores will be shutting their doors early next year, representing the shuttering of about 14 percent of all locations. Macy's said the store closures could result in the loss of about $1 billion in sales, even after accounting for shoppers who would go online and to other Macy's locations.

Business

Zika Linked to Deformed Limbs in Newborns

This field moves so fast; however, no one has examined the viral proteins in Zika before. The Zika virus might be responsible for a number of problems in babies, which could only become clear as they grow up, scientists have suggested. Babies with microcephaly often have smaller brains that might not have developed properly. He worked with Berislav Zlokovic, director of the Zilkha Neurogenetic Institute at Keck Medicine of USC.


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