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Netflix CEO gives conditional approval of AT&T-Time Warner deal

That's led to speculation that this deal is a vanity project for telecom executives, a way to diversify the business that doesn't actually have any meaningful synergies to exploit. AT&T forecasts a new phase of video innovation - and argues that this deal will unleash it. The companies underscore that their deal would combine two entities that don't directly compete in a so-called vertical merger.

Business

Oil prices fall as Canadian dollar, TSX also head south

Enbridge Inc. fell 1.2 percent and TransCanada Corp. was down 1.4 percent. The lender's stock rose 0.3 percent to a record high. Financials, which account for about a third of the index, fell 0.1 percent after Toronto-Dominion Bank and TD Ameritrade Holding Corp.

Business

California Investigates Whether Wells Fargo Committed Criminal Identity Theft

The California investigation is being run by Attorney General Kamala Harris , who is running for U.S. Senate. Wells Fargo & Company is a bank holding company. from an underperform rating to a market perform rating in a report on Monday. Employees then used the illegally obtained information "to commit false impersonation and identity theft by opening unauthorized accounts, credit cards and various other products that resulted in the accumulation of fees and charges for Wells Fargo ", ...

Business

HDFC Bank Q2 net jumps 20% at Rs 3455 crore; NPAs improve

Net NPAs stood at 8.32% as on 30 September 2016, up from 7.47% in the first quarter, and 3.16% from the year-ago quarter. Total Income of the company has decreased by 13.57% to Rs 879.92 crore for quarter under review from Rs 1018.12 crore for the quarter ended September 30, 2015.

Business

Paula Nickolds appointed John Lewis Managing Director

She will replace Andy Street, who leaves on Friday to contest the election of the mayor of the West Midlands, a region of central England, for the ruling Conservative Party. Paula said: "As a partner with 22 years' service, I know just how special the John Lewis Partnership is". Operations director Dino Rocos will take over responsibility for company operations until Nickolds' takes up her role, focusing on the delivery of seamless customer service during the critical peak trading period.

Business

Audit Ordered After 3.2 Million Indian Cards Seen Compromised

While there were some reports about certain cards, affected by security breach , having been used fraudulently overseas including in China , bankers appeared putting the blame on a payment services provider that manages ATM network of a private sector bank.

Business

'Torpedo' carrying £4m of cocaine found on beach in Ireland

They called police who cordoned off the beach after originally suspecting it to be a bomb. Small bales of cocaine, each about a foot long and weighing about 1kg, were found wrapped in plastic, with some stamped with the iconic Playboy bunny logo.

Business

Greenleaf Trust Lowers stake in Honeywell International (HON)

The investment management company now holds a total of 94,413 shares of Honeywell International which is valued at $10,184,330 after selling 13,585 shares in Honeywell International, the firm said in a disclosure report filed with the SEC on Oct 19, 2016.Honeywell International makes up approximately 0.27% of Greenleaf Trust's portfolio.

Business

CNY region unemployment rates dipped in September compared to a year ago

Dutchess County, which ranged 10th in the state, had an unemployment rate of 4.2 percent, down from 4.4 percent one year earlier. The rate is down significantly from past year when it was 8.4 percent. Genesee County is considered a micropolitan area. Professional and business services also posted losses. Putnam County fell from 4.3 percent in September 2015 to 4.1 this September to be ranked fifth in the state.

Business

No early release for the Samsung Galaxy S8

He explained that when you have such a large pool of customers, you are bound to have a wide array of decisions occurring. It stopped production earlier this month when its replacements for recalled phones also caught fire. In other words, all S7 owners will be paying just the half price on the chosen model when they join the upgrade program, without any extra charge for upgrading.

Business

The $100 Billion Tata Group (NSE:TATAMOTORS) Sacks Its Chairman

The media has also pointed out that an interview of the then chairman, Cyrus Mistry, uploaded on the group's corporate website a month ago, has been removed too. Mistry as Chairman in an unusual surprise move. Eventually, they say, the battle might have boiled down to the differing business philosophies of Ratan Tata and Mistry.

Business

Crash killing Jim Prentice: the investigation continues

Friday ET) shortly after taking off from Kelowna, CTV reported , citing sources. The following May 2015, in the midst of plunging oil prices, he suffered a crushing defeat when his party lost to Alberta's NDP led by Rachel Notley. I had the honour of working alongside Jim as members of Parliament and I know that his loss is felt across the country from coast to coast to coast.

Business

Nielsen Holdings shares plummet after earnings disappoint

The ex-dividend date is Friday, November 18th. The stock now shows the Market Capitalization of 71.96 Billion. The company marked its 52 week high milestone of $55.94 on Jul 25, 2016 while its 52-Week Low was marked on Jan 20, 2016 at $42.9.

Business

Consumer prices to possibly bottom out next year

Consumer prices in Singapore has fallen for the 23rd time already, with a slight 0.2% contraction in September compared to 0.3% in the preceding month. Furnishings, household equipment and routine household maintenance went up by 0.92 per cent, according to the latest report published by the National Centre for Statistics and Information.

Business

Oil nudges down ahead of U.S

West Texas Intermediate (WTI) crude oil futures for delivery in December were 1.4% lower at $51.08 per barrel during Thursday's pre-market trading session while Brent oil futures for delivery in the same month were down by 1.5% at $51.85 per barrel.

Business

Up-To-Date Stocks Report: Teck Resources Ltd (NYSE:TCK) , Noble Corporation (NYSE:NE)

Teck Resources Ltd (NYSE: TCK ) initiated the shares trading at $20.73 while the stock's final trade was registered at $ 20.50. The price to sales ratio is 17. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company.

Business

President Obama Returns to "Jimmy Kimmel Live" For More Mean Tweet Abuse

POTUS' reply? "Well, at least I'll go down as a president". At Kimmel's prodding, Obama said he'd watched Trump's Access Hollywood "Meeting of the Minds" with Billy Bush, and the president suggested that what he heard would probably get any ordinary person at a regular job in trouble with Human Resources.

Business

United Kingdom lawmaker from PM May's party resigns after Heathrow decision

Pressure group "Plane Stupid" rolled out a mock runway in Westminster on Tuesday, with protesters dressed as aircraft marshals dancing and chanting against a planned expansion of Heathrow, already Europe's busiest airport. "It beggars belief that it has taken ministers over a year since the publication of the Davies report to even make that start", he said. The new Heathrow runway is expected to cost £17.6 billion ($21.5 billion).

Business

Mourinho challenges his players to show they are 'men' in Manchester derby

Conte was not making humiliating gestures or jeering. "But the more they say this is the fourth competition, the better it is for us". "I don't know if [Mourinho] considered it a lack of respect or a provocation but that was not Conte's intention".

Business

California Launches Criminal Investigation into Wells Fargo Over Unauthorized Accounts

With so many agencies looking at the bank, it's likely that there will be more revelations about the scope and the details of the problems that pushed more than 5,000 workers to open as many as 2 million unauthorized checking, savings and other accounts for customers over the last five years.

Business

'I actually think we're winning'

Still, 14% of likely voters say they see neither candidate as honest, a share that has held steady over that time . Obama told Nevadans they have a winning hand in Clinton and Senate candidate Catherine Cortez Masto, who is locked in a tight race to fill the seat being vacated by retiring Democratic Sen.

Business

Swaps or cash: Final choice for Samsung Note 7 owners

Wireless carriers and retailers have also stopped sales and exchanges of the device. As per recent reports, the company has added a new color variant to the S7 Edge model. But the company subsequently had to issue a statement indicating that operating profit in the third quarter would now be 5.2 trillion won ($4.6 billion), down 33% from previous estimates, while revenue expectations have been cut by 2 trillion won to 47 trillion ($41.8 billion).

Business

Richard Bruton 'preparing contingency plans' as teachers' strike 'likely' to go ahead

It's due to be the first of seven days of industrial action over pay levels for new staff, who're earning less than colleagues hired before the crash. The sides meet again tomorrow, but no one is holding out any hope that Thursday's stoppage can be averted. About 500 schools are in the process of telling parents that they can not open because of the stoppage by members of the Association of Secondary Teachers Ireland (ASTI).

Business

New Zealand tops World Bank survey as easiest place to do business

India moved up one position in the International Finance Corporation's (IFC) ease of doing business rankings , forcing the Indian government into to claim that numerous reform initiatives undertaken by it in the last one year had not been factored in by the World Bank.

Business

Rolling Stone 'rape on campus' victim says PTSD hampers memory of assault

The magazine said her deposition proved that it did not publish the article with "actual malice", a legal term indicating that it knew or suspected that the article was probably false. "I was naïve", she said in the deposition . Jackie had claimed in her first year in 2012 she had been the victim of a brutal gang rape by seven men at a fraternity house.

Business

BSF Soldier Injured in Cross-Border Attack, Dies

More details are still awaited. "The boy and the BSF soldier died during the intense exchange of small arms fire and mortars throughout the night along the border", Rana said. Pakistan's military said the shelling hit the sectors of Harpal, Pukhlian and Charwah along the disputed "working boundary", which separates Pakistan's Punjab province from Indian-administered Kashmir's Jammu region.

Business

United Kingdom inflation rises to 1.0% in September

British annual inflation surged to a near two-year high of 1.0 percent in September, official data showed Tuesday, as a tumbling pound raised prices of imported goods and attracted tourists. Since the report, interest rates in the USA rose to session highs with the 10-year treasury yield trading at 1.78% and the 2-year yield - which is more sensitive to a change in the fed funds rate - is trading at 0.82%.

Business

Consumer confidence declines in October, after monthly gains

Consumers' assessment of the labor market was also less positive (fell) than last month. Yet 17.5% expect their incomes to increase, unchanged from a month ago. The percentage of consumers expecting business conditions to improve over the next six months dipped to 16.0 percent from 17.0 percent, and those expecting business conditions to worsen increased to 12.2 percent from 10.8 percent.

Business

Tesla plans to equip new vehicles with self-driving hardware

Starting next week, the cars will be built with more cameras, giving computers a full 360 degree view around the vehicle. In addition, they will get a more powerful forward-facing radar and twelve short-range ultrasound sensors. The new model 3, scheduled for production start in 2017, will already come with the new hardware. Musk said he thinks the price will prove to be a pittance if he meets his goal of improving the technology so it's eventually 10 times safer than a human driver.

Business

Get set for the Heritage Classic with hot dog facts and more

Fourteen players from both rosters, including those on injured reserve, have skated in an outdoor game. Winnipeg, meanwhile, got a good showing from goalie Connor Hellebuyck , who swatted off 32 shots in a losing effort. It's the second straight week an Oiler has been named First Star by the National Hockey League. "I've only been on the winning end of it and it's just been awesome both times ".

Business

AT&T says new streaming service will cost $35 a month

Stephenson, speaking at the WSJDLive conference in Laguna Beach, Calif. along with Time Warner Inc. The deal faces possible opposition from USA antitrust authorities and objections by lawmakers as well as media and telecom rivals. AT&T , which is buying Time Warner Inc. for $85.4 billion, is developing the service to respond to online-only TV competitors like Netflix Inc.

Business

President Obama Reads Mean Tweets, Dishes Sick Trump Burn

Kimmel routinely has celebrities read some of the mean tweets sent their way. There was a moment of seriousness though that came when Kimmel asked if Obama wished he was running against Trump. Obama appeared to have some trouble getting "yes" out. Obama also said Murray agreed to do a social media skit about signing up for healthcare. Then he's giving me tips about putting.

Business

Obama health plan hit by double-digit premium hikes

However, people who earn too much for the subsidies, or who buy individual health plans sold outside of government-run Obamacare marketplaces such as HealthCare.gov, are not eligible for help with their premiums. The premium hikes apply to the roughly 10 million people with ObamaCare coverage. Should the election result in a Donald Trump presidency or a Republican majority in Congress, it could spell the end for Obamacare.

Business

Third runway at Heathrow Airport given the go-ahead in "truly momentous" step

The new runway at Heathrow will bring economic benefits to passengers and the wider economy worth up to £61bn over 60 years, the government said. A study past year, led by Sir Howard Davies, recommended a third runway at Heathrow, but other options included a new runway at Gatwick or extending one of Heathrow's existing runways.

Business

Oil Prices Drop With Iraq's Non-Cooperation To OPEC For Production Cut

Russian Federation is still in talks with OPEC about production and "many scenarios" are being discussed, Energy Minister Alexander Novak said after meeting his Gulf Arab counterparts in Riyadh . Total OPEC production is already near the high end of the level outlined in Algeria and further exemptions would make the agreement hard to uphold.


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