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US, Europe Fray Each Other's Nerves With Company Crackdowns

Deutsche Bank shares fell 2.8 percent, with traders expressing disappointment at a lack of progress in the company's battle against a demand by US authorities for up to $14 billion over misselling allegations. Cryan has said he expects USA authorities to scale back the initial request. "They were never going to sort out the USA issues that quickly, and whatever happens, I still think they will need to have a rights issue".

Business

Oil slips from price high over Russian uncertainty

U.S. West Texas Intermediate (WTI) crude futures fell 75 cents, or 1.5%, to $50.04 U.S. per barrel. According to the report, global oil supply rose by 0.6 mn bpd in September, with non-OPEC up almost 0.5 mn bpd on higher Russian and Kazakh flows and OPEC at an all-time high of 33.64 mn bpd, on robust Middle East production.

Business

Assad: Aleppo a springboard to 'liberate' Syria

Shelling and rocket fire by myriad rebel and jihadist groups, meanwhile, has killed 68 people in government-held areas. "This is the importance of Aleppo now", Assad said. In an interview with Russian media " Komsomolskaya Pravda ", Assad said his forces would retake the Aleppo as a springboard to liberate other parts of the country.

Business

A rebellion built on hope

Many people who were possibly on the edge of how they feel about Rogue One really got excited after seeing this epic trailer . While we're lead to believe that Mikkelsen and Vader are facing off, I actually think that's just some clever trailer editing, and that that shot of Mikkelsen is just an extended glimpse of the scene in the rain.

Business

RGP warns against threatening "killer clown" pranks

Parents are worrying that people with bad intentions can take advantage of the trend. The fun has been spoilt now. But, if you plan to buy these items to scare, you're asking for trouble. According to an admirable Rolling Stone summation of the creepy clown crisis by reporter Suzanne Zuppello, "some officials are anxious there will be a violent end to the clown sightings".

Business

Crude Oil Holds $50 Despite Inventories Build

OPEC's crude oil production stood at a record 33.6 million bpd in September. U.S. West Texas Intermediate (WTI) crude was down 42 cents, or 0.84 percent, at $49.76 per barrel. The prices were hit and came under pressure after Organization of the Petroleum Exporting Countries (OPEC) reported a rise in output whilst the cartel aims to cut production in a bid to oust rein of supply glut that dominated in the market.

Business

China's Trade Struggles Add to Worries Over Economic Outlook

Bank of America fell 20 cents, or 1.2%, to 15.83 dollars and Bank of New York Mellon skidded 1.03 dollars, or 2.6%, to 39.09 dollars. China's exports in yuan-denominated terms fell 5.6% year on year in September, while imports rose 2.2%. Fertilizer maker Mosaic shed 93 cents, or 3.9%, to $22.86 and chemical conglomerate DuPont lost $1.01, or 1.5%, to $67.77. ANALYST VIEW: "Higher prices for heavy industrial products will provide China's heavily indebted corporations with more top line ...

Business

Marmite-gate is over - Unilever ends dispute with Tesco

Tesco , one of the U.K.'s largest supermarket chains, is resisting moves by its biggest supplier to increase wholesale prices. Unilever said it was on track to meet its full-year targets, but the results were overshadowed by the dispute with Tesco which has pulled dozens of the company's brands from its website, including popular products such as Marmite and PG Tips tea bags.

Business

Raiders' move to Las Vegas passes its first big hurdle

Nevada taxpayers will have to ante up to make Sheldon Adelson's dream of building a domed stadium in the desert come true. The Nevada Senate approved the bill by a 16-5 vote and it will head to the state Assembly on Thursday, according to reports.

Business

Kenyan pilots call strike to demand change

CS Macharia's tough talk coming against the backdrop of the national carrier issuing a statement threatening to stop selling their tickets if KALPA did not call off their strike notice that saw them lose Sh200 million following a similar strike in April 2016, threats the CS says could not be actualized.

Business

OPEC: Iran's crude output reaches 3.665 mb/d

Brent crude oil was down $1, or 1.9%, at $52.14 a barrel by 11:42 am EDT (1541 GMT), off the one-year high of $53.73 hit on Monday. In Tuesday morning trading, light profit-taking saw a barrel of benchmark NY crude fall 4 cents to $51.31 a barrel while Brent, the global standard, was down 18 cents at $52.96 a barrel.

Business

David Davies Roasted For His Solution To Tesco's Marmite Shortage

The dispute between Tesco and one of the world's biggest consumer goods companies means popular products such as Persil washing powder and PG Tips tea bags are not now available via Tesco's website, the country's largest online grocer. Shoppers trying to buy items from Tesco's website on Wednesday were met with the message "Sorry, this product is now not available". They say: "In light of the recent fall in sterling, we have been actively working with relevant suppliers to ensure that ...

Business

Cautious view of OPEC deal dampens oil price revival hopes: Reuters poll

Oil climbed, approaching $50 a barrel in NY, after government data showed that USA crude stockpiles dropped last week. The UAE exports most of its crude to Asia but it increased oil exports to the U.S. Oil prices have increased following a report that predicts a fall in USA fuel inventories for the fifth straight week. Brent futures LCOc1 already moved over $50 at the start of this week, and were trading 4 cents up at $52.55 per barrel.

Business

Trump campaign pulls resources out of Virginia

Tim Kaine , who's now the state's junior USA senator. John Fredericks, speaking on behalf of Trump's Virginia campaign, denies the report. But former Trump Virginia state chairman Corey Stewart blasted the decision, telling NBC News it was "totally premature" and insisting on Facebook that his state is "winnable" in November.

Business

Oil Holds Above $50 Amid Uncertainty Over Russia Supply Stance

Oil prices are up roughly 15 percent since OPEC said that it would cut production by 200,000 to 700,000 barrels per day. Oil prices fell Wednesday, with US crude briefly dipping below $50 a barrel, on concerns about how committed the world's major exporters are to recent plans for considering production cuts.

Business

Sprint to Mortgage Airwaves to Raise $3.5B

The 12-month price target is $7.28 with two analysts rating the company a strong buy, zero analysts rating the company a buy, nineteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and lastly four equity analysts rating the company a sell.

Business

EU chief promises tough talks on UK departure

The industry, which pays about 60 to 67 billion pounds in taxes, could lose up to 38 billion pounds in revenue in a " hard Brexit " that would leave it with restricted access to the European Union single market of 500 million consumers, the report commissioned by TheCityUK said.

Business

Softbank sets up technology fund with $100 billion potential

The company said it would invest about $25 billion in the SoftBank Vision Fund over the next five years, while the Saudi public investment fund will "consider investing in the fund and becoming the lead investment partner". In June, the PIF departed from Saudi Arabia's traditional strategy of low-risk investments and took a step into the tech world by announcing the $3.5 billion purchase of a stake in USA ride-hailing firm Uber.

Business

Fed's Hacker said Better to Wait until After Elections for Rate Hike

The current range is 0.25%-0.50%, after it was increased last December for the first time in almost a decade. But after a slew of setbacks - low oil prices, fears of China's downturn and a slight hiring slowdown in the USA - the Fed has now dialed down to one rate hike.

Business

Here's the latest from the Trump campaign trail

Experts attribute the high percentages not to Trump, but to a history of Republican lawmakers campaigning against voter fraud to pass voter identification laws. "She comes straight to me and says to me, big smile, very pleasant voice, says to me, 'I'm Hillary Clinton ". She and Al Gore will speak about the 'urgent threat of climate change, ' her campaign says.

Business

Notable Runner: What's Next for Endeavour Silver Corp After Today's Big Increase?

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in First Majestic Silver Corp. 05/06/2015 - Endeavour Silver Corporation was upgraded to "buy" by analysts at Pi Financial. They now have a Dollars 2.66 price target on the stock.

Business

A Democratic sweep is a realistic possibility, conservative scholar says

He condemned Mrs Clinton on a broad array of issues, including immigration, national defence and global relations, and asserted that official Washington - both Democrats and Republicans in Congress - is committed to protecting special interests rather than the people.

Business

Rahami pleads not guilty to bombings in NY, NJ

Ahmad Khan Rahimi, 28, a USA citizen who was born in Afghanistan, lay in a medical bed, his arms covered with a blanket and his head propped up with a pillow, as Judge Regina Caulfield read the state charges against him. Rahimi first came to the United States in 1995 and became a naturalized citizen in 2011. "The federal indictment for the bombings states that a handwritten journal recovered from Rahimi after his arrest lauds Osama bin Laden and says: "(God willing) the sounds of the bombs ...

Business

'New York Times' to Trump's lawsuit threat: Bring it

The Clinton campaign noted that it launched Ralph Carr Republicans from among members of the GOP who supported her candidacy last month. Her voice close to cracking with emotion, Obama described the Republican as "a powerful individual speaking freely and openly about sexually predatory behaviour".

Business

Many Hurricane Matthew victims don't have flood insurance

The Tar River is now cresting, while others are starting to recede. Four of the six shelters in Robeson County now have permanent power. It was a cruel fate for an economically depressed town historically saddled with an unemployment rate nearly twice that of the state.

Business

Samsung sending Galaxy Note 7 users fireproof boxes, gloves

The company said it was revising its revenue and profit forecast because of the Note 7 debacle. Elliot Kaye, chairman of the U.S. Consumer Product Safety Commission, said that decision was "the right move". Giving some credence to the new theory - putting the blame beyond the battery itself - are explosion incidents that have surfaced with replacement phones using new batteries produced by another company.

Business

Tesco confirms pricing row with Unilever has been settled

He added: "No one wants to put prices up ahead of Christmas. They were voting for other reasons and they just didn't consider the economic repercussions; so now why is it a surprise?" Despite receiving a 24 per cent pay rise in 2014, Polman told the Washington Post: "If you would pay me double, I am not going to work twice as much, because I am already probably maximising my tame available".

Business

Fed policymakers closer to rate hike, but inflation doubts remain

Among the full 17 policymakers in attendance, there was further division over how much more economic data will be needed before a rise is implemented. Trump told CNBC in September that Fed Chair Janet Yellen should be "ashamed" by her actions as head of the USA central bank, without providing evidence of his allegations.

Business

ULTA Jumps 3% on Higher Sales and Profit Guidance

If the stock rises above the range then a buy is signaled, and a sell if it falls below. Cowen and Company lifted their price target on Ulta Salon, Cosmetics & Fragrance from $265.00 to $286.00 and gave the company an outperform rating in a report on Friday, August 26th.

Business

Tesco, Unilever settle price row

That fight appeared to spread to supermarket shelves. Supermarket chain Asda said it too had successfully negotiated with Unilever. The standoff dominated the news in Britain on Thursday, with "Marmitegate" trending on Twitter and "Marmite Wars" splashed on the front pages.

Business

S/Africa's Rand tumbles as Court summons finance minister

Gordhan, 67, has been the key driver of South Africa's efforts to maintain its investment-grade credit rating and shore up an economy that's growing at the slowest pace since a 2009 recession. "The universal verdict of every serious commentator is that the National Prosecuting Authority has basically found some flimsy pretext to go after the finance minister", Daryl Glaser, a politics professor at the University of Witwatersrand in Johannesburg , said by phone on Wednesday.

Business

NY state deems 2 ex-Uber drivers employees, not contractors

Former Uber drivers Levon Aleksanian and Jakir Hossain were found to be eligible for unemployment benefits in rulings from the State Department of Labor decided this summer. "Unless Uber can show that other drivers were treated differently, which is highly unlikely, the New York State Board will have to issue the same ruling for all other drivers", Melnik said.

Business

North Dakota oil production drops below 1M barrels daily

At least two North Dakota operators restricted production in August, contributing to the drop, Helms said. North Dakota was the second-biggest oil-producing state in the U.S.in July, trailing only Texas, Energy Information Administration data show.

Business

Emerson Electric, (NYSE:EMR), Mastercard, (NYSE:MA)

The most current P/E ratio is 24.45 and market capitalization is 259.16B. Let's have a look at some of the important valuation ratios of the General Electric Company (NYSE:GE). "0" brokerage firms have rated the company as a "Hold". The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th.

Business

Verizon says Yahoo hack 'material,' could affect deal

Yahoo in September disclosed that it had fallen victim to a data breach in 2014 that compromised users' names, email addresses, telephone numbers, dates of birth and encrypted passwords. They were down 1.8 percent to $41.62 at 3:43 p.m.in NY, while Verizon's were little changed at $50.34. It's seeming more and more likely that the nonsensical deal in which Verizon would acquire the rotting, farting corpse of Yahoo for nearly $5 billion is maybe not going to go through as originally ...


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