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Business

Tesla to build self-driving tech into all cars

US Transportation Secretary Anthony Foxx said the federal government intends to set the safety standards for cars of the future where no human is involved in the driving, even while individual states still regulate cars with humans behind the wheel.

Business

Why the Tesla Model X's doors open and close automatically

Most notably, Tesla has chosen not to include Lidar laser-based sensors, a tool most other vehicle makers believe is necessary for full autonomy. Tesla says the sensors can detect both hard and soft objects at almost twice the distance of its prior system.

Business

Average US 30-year mortgage rises to 3.52 percent

The average 30-year mortgage rate was 3.52% in the week ended October 20, Freddie Mac said in its latest mortgage rate survey. The low rates have been luring buyers into the market. The last time the conforming 30-year FRM was over 3.5% was for the week of June 23, before the Brexit vote took place, when it averaged 3.56%. Rates on adjustable five-year mortgages averaged 2.85 percent, up from 2.82 percent last week.

Business

Less wine was produced this year due to the rough weather

World wine output is expected to hit a four-year low in 2016 after bad weather hit production in France and South America, industry forecasts say. The Czech Republic is expected to have a good quality vintage but production may decline to 550,000 hectolitres - a huge drop compared to 740,000 in 2015.

Business

Michigan GOP ousts officer who publicly denounced Trump

Instead, he said , the Republicans he talked to were "wonderful". The Trump campaign initially planned to send vice presidential nominee Mike Pence in Trump's place, but ultimately Pence's appearance was canceled as well. Trump notably tried to revive Bill Clinton's history by inviting his accusers to the last debate. Wyoming's three electoral votes have been safely locked in Trump's column since the moment the gavel rapped to close the Republican National Convention.

Business

Snoopy, Peanuts gang, cut loose by MetLife as it retools biz

Going forward, MetLife will sell primarily to corporate clients, who apparently don't like cartoons. It also unveiled a new tagline, "MetLife. Navigating life together", in what the New York-based company called the most significant change to its brand in three decades.

Business

At booming Jim Beam, strikers complain of grueling workweeks

Union representatives did not disclose what exactly encouraged the huge disapproval of the newly proposed contract and initiated the Jim Beam strike . A spokesman declined to tell The Wall Street Journal whether those contingencies call for the use of nonunion replacement workers. "They tend to be more isolated events".

Business

More inflation spikes expected as current rate rises to one per cent

Britain's statistics agency says inflation in the country spiked to a near two-year high of 1 percent in the year to September from 0.6 percent in August. Sterling also rose 0.5 per cent against the USA dollar to $1.22 and was up 0.3 per cent against the euro at €1.11 on news consumer price inflation rose to 1.0 per cent in September, up from 0.6 per cent in August.

Business

This is what happens when a Samsung Galaxy Note 7 explodes

Samsung Electronics says it is expecting a 6% rise in quarterly profits to $7bn (£5.6bn) despite the cost of a damaging recall of its latest smartphone. Bloomberg reported that Samsung may have to issue a second recall. Well, according to analysts, the Samsung's other businesses definitely helped soften the blow, the company's chip and display businesses are definitely doing great, better than expected, and the company's high profit margins are the result of that.

Business

US DOT bans Samsung Galaxy Note7 from all flights

The ban will go into effect Saturday at noon (Eastern Standard Time). "We recognize that banning these phones from airlines will inconvenience some passengers, but the safety of all those aboard an aircraft must take priority", said Transportation Secretary Anthony Foxx.

Business

Bank places 100 'lucky pennies' across US worth $1000 each

The 100,000 is how many pennies are in $1,000. Those who think they've found an Ally Lucky Penny can go to their website and enter the code on the back of the penny to find out if they can cash out on their penny. The other nine cities involved include: Austin, Texas, Chicago, Denver, Detroit , Los Angeles, Miami, New York City, San Diego and Washington, D.C.

Business

United States interest rates could rise 'relatively soon', according to Federal Reserve members

Members also diverged on how much longer the Fed should wait for inflation to reach its 2 percent target level. The minutes said that some officials believed it would be appropriate to raise rates " relatively soon " if the labor market kept improving.

Business

UK's May leaning toward approving Heathrow expansion- FT

Heathrow will back the plans in the next two weeks, and The South London Partnership made the case to Mrs May for expanding Gatwick Airport instead. Johnson has previously vowed to lie down in front of bulldozers if they started work on the third runway. Mrs May told ministers the decision had been "delayed for too long" and it was in the "national interest" to announce the intention soon.

Business

Galaxy Note 7 Second Recall Causes Samsung to Slow Down Future Projects

But even more pain could be yet to come. The company said it will expand sales of two other smartphones released in spring, the Galaxy S7 and Galaxy S7 Edge, quashing rumors that it may try to release updated versions of those devices. Samsung has announced financial incentives for US and South Korea customers who exchange Note 7s for other Samsung products, as part of efforts to stem customer defections.

Business

Full rail service to be restored at Hoboken terminal Monday

According to its June filing to the Federal Railroad Administration (FRA), NJT had made no progress onPTC implementation despite the federal December 2018 deadline. The investigation continues. There's no official cause of the crash yet. Emergency brakes were initiated just one second before the crash, the report found.

Business

ISP to make sure 'every Hoosier vote counts' despite voter fraud investigation

Secretary of State spokesperson Valeria Warycha says they "can't jump to the conclusion" that this case of potential voter fraud is connected to the Indiana State Police investigation into possible voter fraud by a group called the Indiana Voter Registration Project.

Business

Regulators: Pennsylvania health insurance premiums to rise

Keystone, which had a premium of $253.53 for that silver plan in 2016, will not sell silver plans in Pennsylvania for 2017. The administration is also planning a major outreach effort, including more than 10 million pieces of direct mail and a steady stream of email to an electronic mailing list of more than 20 million people.

Business

Monthly Social Security checks grow by $4 on average in 2017

That's still an improvement from this year, when the lack of inflation kept benefits from increasing at all. The Social Security COLA is calculated by the Bureau of Labor Statistics' periodic Consumer Price Index, a statistical estimate of the anticipated price of a variety household goods and services.

Business

Clinton says Trump would be Putin's 'puppet'

He also claimed the USA presidential election is "rigged" against him and said he may refuse to accept the result if he loses on November 8. Trump responded: "You're the puppet ". "That you encouraged espionage against our people". Mrs. Clinton, though, said the accusations fit with a pattern of demeaning behavior Mr. Trump has shown throughout the years, reciting his statements that seem to indicate his accusers were making up their stories because he didn't find them attractive.

Business

2 more N Carolina deaths raise Matthew's United States death toll to 43

A spokeswoman for Georgia Secretary of State Brian Kemp said he has instructed Chatham County officials to comply with Moore's order. Twenty-four people have died in North Carolina and thousands have been forced from their homes in the eastern and central parts of the state due to record flooding in Matthew's aftermath.

Business

Police van rams protesters in front of U.S. embassy in Manila

The violence happened as the protesters gathered to demand an end to the presence of USA troops in the country and to support a call by President Rodrigo Duterte for a foreign policy not dependent on the US, the country's longtime treaty ally.

Business

Indian equity markets end higher following Asian peers

The benchmark index, which opened at 28,031 against the previous close of 27,984, hit an intraday high of 28,212 and low of 28,031. In overseas markets, European and Asian shares were mixed. The losers were: Lupin, down 0.68 per cent at Rs 1501.80; Hindustan Unilever, down 0.64 per cent at Rs 840.55; Tata Motors, down 0.54 per cent at Rs 547.30; and Sun Pharma, down 0.49 per cent at Rs 746.70.

Business

Wipro is buying cloud consultant Appirio for $500M

The deal, once completed, will create one of the world's largest cloud transformation practices, Wipro added. The deal also brings along TopCoder, a crowdsourcing marketplace connecting over a million designers, developers and data scientists with customers.

Business

China growth steady as retail spending rises

Government projects in infrastructure and the boom in the property market have pushed prices and the demand for goods and raw material from steel to cement to furniture. Real estate has been a driving force behind China's economy this year, with separate data released today showing that investment in property rose by 5.8 per cent between January and September with sales increasing by nearly 27 per cent.

Business

The final Clinton-Trump debate: Four key moments

Trump's statement may appeal to his anti-establishment followers, but it was unlikely to reverse opinion polls that show him losing, including in key states that will decide the election. "The only thing you have over me is experience but it's bad experience", he added. "Excuse me - my turn", he said. Clinton said the women came forward after Trump said in the last debate he had never made unwanted advances on women.

Business

NFL Minute: Patriots run through the AFC North looks much easier now

Flacco missed the Ravens' Wednesday workout but coach John Harbaugh said: "He has a legitimate shot at playing Sunday". "I thought he played well previous year when he played in Arizona and Kansas City". If Coates is available, then the Patriots might not be able to dedicate a deep safety to Brown the entire game, but CB Eric Rowe could get an opportunity to show his performance against A.J.

Business

Stock Earnings Roundup: SUPERVALU INC. (NYSE:SVU)

Minneapolis, MN, reported sales for the fiscal second quarter ended September 10 of $3.9 billion, a decrease of 4.8 percent year-over-year. Revenue fell 4.8 percent to $3.87 billion. Over the same time span, the stock marked US$7.22 as its best level and the lowest price reached was US$3.94. Analysts mean target price for SUPERVALU Inc .

Business

Reliance Industries Posts 23 Per Cent Drop In Q2 Net Profit

However, the company's June quarter GRMs were ahead of analyst estimates, leaving room for the possibility of a surprise in the September quarter as well. KG-D6 JV has completed one side track at MA field which has been put to production in Q3FY17. RIL's capital expenditure of Rs 17,210 crore was spread across segments that included ongoing projects in the petrochemicals and refining business at Jamnagar, Dahej, Hazira, US Shale gas projects, and digital services business.

Business

OH to suspend doing business with Wells Fargo

It reported diluted earnings per share slipped to $1.03 from $1.05. The scandal cost former chief executive and chairman, John Stumpf, his job when he was forced to resign on Wednesday after 34 years with the bank. Analysts on average had expected the No. 3 U.S. bank by assets to report earnings of $1.01 per share and revenue of $22.21 billion, according to Thomson Reuters.

Business

BNY Mellon earnings climb in third quarter

However, pressure on margins owing to the low-rate environment is expected to continue in the near-term. Peapack Gladstone Financial Corp boosted its position in Bank Of New York Mellon Corp.by 2.6% in the second quarter. Dodge & Cox now owns 55,928,092 shares of the company's stock worth $2,172,806,000 after buying an additional 1,880,245 shares during the last quarter.

Business

Short Interest in Harmony Gold Mining Co. (HMY) Expands By 98.5%

According to Zacks Investment Research , " Hecla Mining Company is a leading low-priced USA silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada". These ratios are important while doing valuation of the company or the shares of the company. Investors Capital Advisory Services now owns 22,489 shares of the company's stock worth $114,000 after buying an additional 57 shares in the last quarter.

Business

Saudi Arabia sets record with mammoth $17.5 billion bond issue

Kabir pleaded guilty to the shooting and killing of fellow Saudi citizen Adel bin Suleiman bin Abdulkareem Al-Muhaimeed during a mass brawl, according to Saudi state media. "Not only could the bond help develop the Kingdom's debt markets by introducing a more sophisticated type of investor, but there are also positive ripple effects for Gulf Cooperation Council fixed income as well as more global investors to take a closer, and longer-term, look at the region".

Business

Duration of eurozone stimulus in focus as central bank meets

CET (1:30 p.m. BST). Attention now turns to Draghi's press conference, where investors will be looking for clues about the bank's next stimulus moves following speculation that it may wind down the so-called "quantitative easing" bond-buying scheme.

Business

England captain Cook wins toss, elects to bat vs Bangladesh

It will be a different level of focus once the Test series starts, but after a drawn series on home soil during the summer against Pakistan, it has to be at least a fraction concerning for the Poms. You should probably speak to the medical team and Jimmy on that. While Cook is hopeful his good friend will play some part in the remaining four Tests against India, his comments of Anderson's struggles when he bowls is troubling.

Business

WikiLeaks releases more emails from Clinton campaign chairman

Palmieri says, "I imagine they think it is the most socially acceptable politically conservative religion". Mr Halpin, who is himself Catholic, wrote: "Friggin' (Rupert) Murdoch baptised his kids in Jordan where John the Baptist baptised Jesus".


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