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Chinese Government Stepping Up Samsung Galaxy Note 7 Recall

According to the smartphone industry on October 13, the shutdown of the Galaxy Note 7 business will have a negative impact on Samsung Electronics's plan to expand its wearable device business and solidify the foundation for new services based on the Galaxy Note 7.

Business

Wilbur Ross Says Trump Plan Means Higher Carried-Interest Taxes

Clearly, there is a need to simplify the code and this should be done within pro-growth tax reform that lowers tax rates for all Americans and eliminates many credits and deductions in an overall net tax cut. Mr. Trump has proposed consolidating the existing seven marginal income-tax rates to three and generally lowering those rates, to 12%, 25% and 33%.

Business

USA weekly crude inventories fall, EIA reveals

OPEC is pumping out more oil than at any time in recent history.The Organization of Petroleum Exporting Countries produced almost 32.9 million barrels of oil a day in June, according to its monthly statistical bulletin. Crude held above $50 a barrel as investors weighed the likelihood of a deal to reduce supply after Russia's Energy Minister said the country's output could rise to a record next year.

Business

Samsung expands Note 7 recall in USA to include replacement phones

Samsung is now counting the financial cost of the recall - but would the promise of a nice, crisp Benjamin be enough to entice you back? Analysts said most of the income will be generated by sales of advanced displays and semiconductors. The product safety agency said that 1.9 million original and replacement Galaxy Note 7 smartphones are subject to the expanded recall in the US, including 1 million Note 7 phones sold after Samsung's first round of recall on September 15.

Business

Samsung Sets Up Note 7 Exchange Booths at Major Airports

With Samsung actively trying to help Note 7 users buy another Samsung device, I'm sure the booths will be well-stocked with shiny, new alternatives. Virgin said customers won't be able to travel with the phones on any of its flights "whether on their person, in carry-on baggage, or in checked baggage".

Business

State unemployment rate rises to 4

The comparable estimates for the nation were 5 percent in September, 4.9 percent in August and 5.1 percent a year ago. Payroll employment (wage and salary jobs) in the nonfarm industries of California totaled 16,549,600 in September, a gain 30,000 from August.

Business

Nissan completes 34% stake in Mitsubishi, largest shareholder

Osamu Masuko, chief executive at Mitsubishi Motors , said: "I welcome Nissan's willingness to provide strategic, operational and management support as our new lead shareholder", said Masuko. As WSJ notes, Nissan's self-driving tech and Mitsubishi's hybrid system are both items that the companies operate strongly with and can help each other with developing further.

Business

"Marmageddon" avoided as Tesco and Unilever settle dispute

He said: "Price increases are landed with most of our customers". Unilever shares fell 2.5% and Tesco was more than 2% lower. But Tesco refused to play ball, removing Unilever products from its website and warning other items could be removed from its shelves.

Business

A massive tobacco deal is about to go down

The company's links with British American Tobacco date to 2004, when R.J. Reynolds Tobacco Co. merged with BAT's Brown & Williamson unit, creating Reynolds American. The combined company's operations would stretch across the U.S., South America, Africa, the Middle East, and Asia where cigarette makers are betting population growth and rising disposable income in these regions will offset the health warnings and antismoking regulation in Europe and North America, to continue to boost ...

Business

Florida adds 23000 jobs in September while unemployment rate unchanged

Bureau of Labor Statistics reported today. The current estimate is 11,800 higher than the year-ago level of 60,700. It says the jobless figure is skewed by the large number of workforce dropouts in recent years. The state's poverty rate has fallen 1.9 percentage points over this time period and is now one of the lowest in the Southeast behind only Maryland, Virginia and Florida.

Business

Trump mocks critics: I'll accept election results _ if I win

And I don't get it. "We've got to get together". Trump's best line: "You know, the president told me to stop whining, but I really have to say, the media is even more biased this year than ever before - ever". Karina Virginia says Trump touched her breast after a chance meeting at the 1998 U.S. Open tennis tournament in NY. In a race against Trump and independents Gary Johnson and Jill Stein, Clinton may struggle to reach 50 per cent of the vote.

Business

Take Note, 7 trillion Korean won blow to Samsung

The Korea Herald reports that Koh also said he would do everything possible to "restore trust of consumers so that they can use Samsung products without any safety concerns". Indeed, Samsung will have to work hard to ensure that its next flagship device launch sends a clear message that its fiery Note 7 problems are behind it.

Business

NASA footage indicates Europe's Schiaparelli lander fell onto Mars' surface

A statement from the European Space Agency said: "It is also possible that the lander exploded on impact as its thruster propellant tanks were likely still full". The Schiaparelli lander will only have a few days to collect data on the surface of the planet, as its main objective is to test mars landing technology for future missions.

Business

Republicans at risk due to Trump association

When asked if he thought Ryan wanted Trump to win, the GOP nominee said: "Maybe not". During the rally in Green Bay, a crowd of Trump supporters shouted " Paul Ryan sucks ". A spokeswoman over the weekend rebuked Trump for his claims that the election is "rigged", but the speaker himself has yet to speak out. Ryan is a precarious spot.

Business

UK's May always saw parliament playing important Brexit role- spokeswoman

May's decision comes ahead of a court ruling on Thursday which will decide if she can trigger article 50 - the rule that initiates the process of separating Britain from the European Union - without the consent of parliament. May has rejected the idea that leaving the single market means a "hard" Brexit that could be more damaging to Britain's economy. The hearing comes amid wider calls for lawmakers to have a vote over the details of Brexit negotiations.

Business

Mars Reconnaissance Orbiter finds Schiaparelli crash site

NASA's Mars Reconnaissance Orbiter has identified new markings on the surface of the Red Planet that are believed to be related to Europe's Schiaparelli test lander, which arrived at Mars on October 19. Here to aid is the photo you see below contrasted with a previous one: two new items are visible in it, one thought to be Schiaparelli's crash site and the other to be its parachute.

Business

Heathrow Airport expansion decision put back by another year

A special Cabinet committee set up to make a final recommendation is now not expected to meet until next week, pushing the decision close to its deadline of October 31. He added that pollution studies had not taken into account further mitigation measures put in place by Heathrow that would counter the pollution impact from vehicle traffic created by millions more passengers using an expanded airport.

Business

USA oil prices little changed, near 4-month peak

OPEC representatives and countries which are not members of the cartel, including Russia, Azerbaijan and possibly Mexico, will discuss details of the plan to limit oil production on Wednesday. interest rates by the end of the year. It remains unclear how much lower oil output would go if OPEC agrees to cut supply growth. Earlier this week, the Saudi energy minister said he was optimistic of a deal, his Algerian counterpart said he expected to see non-OPEC commitments, and Russian ...

Business

Case Keenum throws worst INT in National Football League history

It resulted in a successful field goal kicked by recently-recruited Robbie Gould, in for usual starter Josh Brown who was left at home after disturbing new revelations about domestic violence came to light last week. Keenum has thrown for eight touchdowns and 10 interceptions this season. "I can't put it into words", Keenum said. "Take a look at the tape", Fisher said, "see who's responsible for the interceptions".

Business

Donald Trump, Hillary Clinton in painfully awkward fundraiser roast

The 70-year-old Republican nominee began his remarks with some light-hearted comments, including jokes about his "beautiful hands" and that Clinton appearing at the event without charging any fees for it, but was booed as he shifted gears from the self-deprecating humorous tone of the event to call Clinton "corrupt".

Business

Oil prices jump on USA inventory drop

There was also growing skepticism about the Organization of the Petroleum Exporting Countries' (OPEC) upcoming plan to limit production, said Tariq Zahir, trader at Tyche Capital Advisors in NY. driven by bullish technical drivers and supportive conditions in the broader financial markets", although it added that current fundamentals did not warrant much higher prices.

Business

Fed: case for interest rate hike had strengthened

Currently, the Fed's economic forecast sees interest rates around 1% by the end of 2017, and almost 2% by the end of 2018. The weakness of the pound has meant a strengthening of the dollar, and despite a small slump in job creation last month central bank chief Janet Yellen has declared satisfaction with the general health of the U.S.

Business

"Aaron Rodgers isn't broken â€" the Packers are

Thursday night at Lambeau Field brought another spin of the Chicago Bears quarterback carousel. Instead, coach Mike McCarthy turned to his own version of an air-raid offense, with four- and five-receiver sets becoming the norm and a reliance on short passes to neutralize the defensive strategy employed by the Giants, Cowboys and Bears in successive weeks: All three teams blitzed infrequently while asking Rodgers and his receivers to dice a bevy of dense coverages.

Business

Fire-proof boxes for Samsung Note 7 returns

It estimates operating profit loss in the fourth quarter at around the "mid-2 trillion ($2.2 billion) won range" and 1.0 trillion won for the first quarter of 2017. It was previously reported that Samsung had halted their production for Galaxy Note 7 which caused some explosions while being used. Samsung has advised Note 7 owners to stop using the device - both original and the replaced one.

Business

Timeline of decades of industry deals preceding AT&T's acquisition of Time Warner

As it is, Republican presidential candidate Donald Trump said tonight about the deal, "It's too much concentration of power in the hands of too few". Several analysts say the AT&T deal will likely face opposition from Washington. Comcast, a dominant cable distributor, wanted to own cable channels and a movie studio. Bewkes felt the offer significantly undervalued his company, and now two years later, he can look at the pending AT&T deal as proof that he was right.

Business

Virginia's unemployment rate up slightly to 4 percent in September

North Carolina's Labor Market Has Tightened Up With its unemployment rate below 5 percent for the past four months, North Carolina's labor market has now returned to the zone of full employment. "Another highlight from this month's jobs numbers is the fact that our manufacturing employment is nearing pre-recession levels", said Fitzgerald Washington, Secretary of the Alabama Department of Labor in a press release.

Business

U.S. airline can now legally weigh passengers to prevent crash landings

Hawaiian Airlines executives had a dilemma: Their planes were burning more fuel than projected on their regular 2,600-mile route between Honolulu and American Samoa . "What they're saying is Samoans are obese", Atimua Mig told the Associated Press at Honolulu International Airport on October 10. At least one other airline, which also services the Samoan community, has enacted policies related to passengers' weight.

Business

Afghanistan's Opium Cultivation Jumps 10 Percent In 2016

Overall, potential opium production in Afghanistan has increased 43 percent, with 4,800 tonnes this year compared to 3,300 tonnes in 2015. Cultivation dropped a year ago due to drought conditions but it has been on the rise in the past decade, fuelling the Taliban insurgency and spurring a growing crisis of drug addiction despite costly US-led counter-narcotics programmes.

Business

Samsung Galaxy Note 7 BANNED from United States flights over 'explosion' fears

The expanded action bans the devices from all flights and applies to all Samsung smartphones covered by the latest recall. The statement mentions that flight restrictions will be extended to all 1.9 million Galaxy Note 7 smartphones sold in the United States, starting Saturday , October 15.

Business

A $47 billion transatlantic tobacco deal is on the cards

It would have a sprawling footprint across developed markets such as the USA and Western Europe, as well as emerging markets such as Russia, Turkey, Pakistan and Brazil. "Thanks to free-speech rights under the First Amendment, U.S. companies are protected from plain-packaging rules like the ones sweeping across Europe that require cigarettes be sold in packages without signature logos and colors", the Journal noted.

Business

South Africa set to withdraw from ICC

The lack of action has been blamed, in part, on countries - including South Africa - that signed the Rome Statute and were obliged to arrest Bashir, yet refused to do so. Masutha said the state will drop its appeal. South Africa would be the first country to leave the court. Observers say a country wishing to leave the court must write to the United Nations secretary-general; the withdrawal then takes effect a year after the letter is received.

Business

Cameroon train crash death toll tops 70

Cameroon President Paul Biya offered his condolences to families of the victims in a Facebook post and said the government would "provide full assistance to the survivors". One of those injured died as he arrived in Douala, and "we are doing everything possible to save the lives of the close to 200 victims sent to Douala", said Governor Ivaha Diboua Dieudonne of the western Littoral region.

Business

California investigating Wells Fargo for ID theft

If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. An internal Wells Fargo inquiry is also underway. The reported earnings topped the analyst's consensus by $0 with the surprise factor around 0.00%. The company earned $22.30 billion during the quarter.

Business

US Imports of Crude Oil Increase for First Time Since 2010

OPEC's previous talks stalled when members couldn't come to an agreement on appropriate cutbacks that didn't sway the oil market in certain members' favor. Lower crude oil prices, which dropped below $30 per barrel this year, also limited US crude oil production as energy companies scaled back in the expensive inland shale basins.

Business

Oil holds above US$50 as investors weigh production cut pact

The Organization of the Petroleum Exporting Countries (Opec) plans to implement a 500,000 to 1 million barrels per day production cut after a meeting on Nov 30. North Sea Brent crude futures were at $52.23 a barrel, up 55 cents, or 1 per cent. By region, EIA said imports from members of the Organization of Petroleum Exporting Countries increased by 504,000 barrels per day, making up the bulk of the new oil entering the USA economy.


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