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Olympics: Ryan Lochte guarantees Michael Phelps is not retiring

Phelps also joined track and field Olympians Al Oerter and Carl Lewis as the only Americans to win an individual event four times . Ryan Lochte guarantees it. Lochte ended up fifth in 1:57.47, falling just about half a second back of a podium finish. "I got my lanes mixed up". "He brings the best out of me, and hopefully I can say the same for him".

Business

Teddy Riner wins another gold in Olympic judo

France's Emilie Andeol, right, reacts after defeating Cuba's Idalys Ortiz to win the gold medal during the women's +78 kg judo competition of the 2016 Summer Olympics in Rio de Janeiro, Brazil, Friday, Aug. France also won gold in the women's over +78kg category. Yamabe, 25, also appearing in her first Olympics, booked a quarterfinal berth with two ippon victories, but succumbed in the semis to 2012 London Olympic champion Idalys Ortiz of Cuba, who scored a yuko with an ouchi-gari.

Business

Was open to extension, attacks vitiated atmosphere: Rajan

BJP MP Subramaniam Swamy had accused MR Rajan of not being "mentally fully Indian" and not working for the good of India. Reserve Bank of India (RBI) Governor Raghuram Rajan speaks during an event at the RBI headquarters in Mumbai , India, August 4, 2016.

Business

Wall Street Hits 17 Year Highs 12 August 2016

Also among the day's bright spots, Nordstrom rose 8 per cent to US$51.38 after the department store chain operator reported better-than-expected comparable sales and quarterly profit. Benchmark US crude rose 1.78 dollars, or 4.3%, to close at 43.49 a barrel in NY. The commodity complex was slightly higher, with the Bloomberg Commodity Index rising 0.10 percent.

Business

Ed Miliband gives backing to Owen Smith for Labour leadership

Towards the end of a heated 90-minute debate in Gateshead, chaired by Sky's Sophy Ridge, he said serving under Mr Corbyn would be "futile work". Unite, Britain's biggest trade union, voted overwhelmingly in favour of Mr Corbyn during its conference in July, before Mr Smith declared his leadership challenge.

Business

Unions and economists react to Trump's economic speech

The Politico story quoted a draft of the open letter as saying: "We believe that Donald Trump's divisiveness, recklessness, incompetence, and record-breaking unpopularity risk turning this election into a Democratic landslide, and only the immediate shift of all available RNC resources to vulnerable Senate and House races will prevent the GOP from drowning with a Trump-emblazoned anchor around its neck".

Business

Sam Hornish Jr. wins NASCAR Xfinity pole at Mid

Gaughan visited Victory Lane turning left and right at Road America in 2014, while Dillon placed third at Mid-Ohio previous year. Fast facts: The series visits the second of three road courses Saturday at Mid-Ohio, which features 13 multi-dimensional turns.

Business

Trump takes jab at Obama

Obama has previously responded: "Calling a threat by a different name doesn't make it go away". It's emotion. Trump strikes a chord with Republicans who can not bring themselves to admit they were beaten fair and square by Barack Obama, not once but twice.

Business

Stocks trading higher on Wall Street (12 pm)

LAYOFFS PROXY: Applications for new unemployment benefits fell slightly last week to 266,000. "In order for stocks to continue to make new highs and continue to grind higher, we're going to need to see some improvement in revenues and see some improvement in earnings in the second half of 2016".

Business

Family bids farewell to billionaire landowner the Duke of Westminster

Preston coroner's office has confirmed that the Duke of Westminster, Gerald Cavendish Grosvenor, died after suffering a heart attack. The Duke, who was a close friend of the Royal Family, was thought to be the third richest person in the United Kingdom with a fortune estimated at $10.8bn (£8.3bn, €9.7bn), according to Forbes magazine.

Business

After Computer Outage, Delta Grounds Flights Worldwide

Despite the additional Wednesday cancellations, the company said they managed to depart 1,500 flights, while about 80 percent of the flights departed within 30 minutes of the time they had been scheduled to leave. Delta, which turned to its fleet of private jets to get some of its highest-level customers to their destinations, plans to offer other amenities for its premium and frequent-flier customers, Mr.

Business

LeEco to Build $1.8B Factory for Electric Vehicles in China

To take advantage of that high demand, at least two companies are apparently moving ahead with plans for large factories dedicated to electric cars . LeEco announced that it will be investing a sum of $3 billion in a manufacturing park that will house advanced electric auto making unit.Located in Hangzhou in Zhejiang Province, the LeSEE Manufactory Park will be the world's most advanced electric vehicle production base with a projected annual production of 400,000 vehicles, the company said ...

Business

Arianna Huffington to leave Huffington Post for wellness start-up Thrive Global

She, however, stated that the contract broadened her horizons and helped her to launch her new company " Thrive Global" even as she continued in her role at the site. NEW YORK — The Huffington Post is going to be without a Huffington. The publication won a Pulitzer Prize in 2012 and has expanded globally in the last several years.

Business

Global stocks at record highs with crude rallying

A man cycle pasts an electronic stock board of a securities firm in Tokyo, Friday, Aug. 12, 2016. Wall Street opened little changed on Wednesday as investors paused after a day when the S&P 500 and the Nasdaq hit record highs and the Dow closed 0.4 percent shy of its all-time high.

Business

US rig count up 17 this week to 481, Texas up 13

Baker Hughes (BHI) said Friday, Aug. 12, that active US rotary rigs were up for the seventh consecutive week to 481, a monster uptick of 17 rigs from last week's count of 464. That, however, is not much higher than the average 477 oil and gas rigs that Baker Hughes said were active since the start of the year. In 2015, the total rig count averaged 978.

Business

Turkish diplomats on the run after failed coup attempt

The purge is worrying Western allies concerned about stability in the North Atlantic Treaty Organisation member and partner in the fight against Islamic State. Pointing to the failed coup bid in Turkey, Zarif said, "We believe that the era of bullying and coups is over and [these things] no longer have a place in our region.

Business

4 reported killed in 2 PKK attacks in Turkey

The official said at least four people were killed in the attack targeting a police vehicle in the mainly Kurdish city of Diyarbakir. About 30 civilians and 10 police officers were wounded. Backed by a helicopter, counter-terror squads raided HDP offices in the central Istanbul district of Beyoglu at 3 a.m. (0000 GMT) as armoured vehicles and a water cannon vehicle were deployed nearby, the Dogan news agency reported.

Business

Oil numbers drop below ND's $50-a-barrel threshold

West Texas Intermediate Crude, the benchmark USA crude price, is trading around $44 a barrel today, well below the $60 mark analysts say would spark more activity on the Bakken range. On Friday, the North Dakota rig count was 34, versus an all-time high of 218 in late May 2012, figures released on Friday by the DMR showed. Price for North Dakota sweet crude continued downward, hitting $32.25/bbl Friday after being $35.57/bbl in July, down from June ($38.75/bbl).

Business

Department stores hope to recapture previous role as destination

The Macy's Terre Haute location is one of 10 throughout the state with an employment total of approximately 1,600 people. Although the management indicated the closure to be cash flow positive but in recent years, Macy's has seen a declining profitability, said Mr.

Business

Madeira wildfires: Woman dies as flames reach Funchal

A major forest fire in Portugal's Madeira Islands forced the evacuation of more than 400 people and left 174 others seeking medical treatment, officials said Tuesday. The National Civil Protection Service said 2,900 firefighters supported by 24 water-dumping aircraft were in action on the mainland. The residents were evacuated in a shopping center and a hospital, reports said.

Business

At least 2 killed in explosion at Silver Spring, Md., apartment complex

Firefighters responded to the four-story complex in Silver Spring, shortly before midnight Wednesday and worked for nearly two hours to control the blaze. "As a result of these joint efforts, 34 individuals were taken to local hospitals, including three firefighters who have been treated and released as of this morning".

Business

Dow, Nasdaq, S&P 500 End At Records For First Time Since 1999

The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index advanced amid better-than-forecast profits at retailers Macy's Inc . and Kohl's Corp . It edged up 0.1 percent from its previous high. The major stock indexes in Europe closed higher. Consumer discretionary stocks gained 1% on the S&P and the multiline retail sub-group outperforming with a 3.2% advance.

Business

Vail Resorts Buys Whistler: Winter is Coming (MTN,WB)

Vail Resorts Inc . announced Monday that it was purchasing Whistler Blackcomb Holdings Inc ., the Canadian ski resort company, for $1.06 billion, adding to its aggressive expansion. Vail operates nine mountain resorts and two ski areas in the US and Australia, making Whistler Blackcomb its first foray into Canada. Quoted in the Globe and Mail , Whistler Blackcomb CEO Dave Brownlie praised Vail Resort's track record, especially on successful marketing campaigns and its commitment to ...

Business

The Clintons pay a ton in taxes. Here's why

According to the filings, Bill and Hillary Clinton earned $10.7 million in 2015 and paid roughly $3.6 million in federal taxes. The Democratic presidential candidate has proposed under her tax plan that anyone with adjusted gross income over $1 million would have to pay a minimum of 30% of their income in taxes.

Business

Hit by online sellers, Macy's to close 100 United States stores

The company intends to close approximately 100 Macy's full-line stores (out of a current portfolio of 728 Macy's stores, including 675 full-line locations). For decades, USA citizens had relied on numerous shopping centres and department stores for just about everything from paper towels to electronic goods.

Business

Oil traders short the market as U.S. crude inventories swell

The end of unplanned supply disruptions in Nigeria, Libya , and Canada has been a major concern for oil bulls, but perhaps the monthly survey conducted by Reuters has anxious them most. USA oil futures are almost 20% lower from their 2016 highs above $50 a barrel scaled in early June, technically placing it in bear market territory, as signs of an ongoing recovery in US drilling activity combined with growing gasoline stocks weighed.

Business

No regrets for taking on fallen soldier's parents, Trump says

Mr Khan said his son would not have been in America if it had been up to Mr Trump, who has called for a ban on Muslims from entering the US. The billionaire businessman challenged that assertion and also implied Ghazala Khan's religion prevented her from speaking.

Business

Arianna Huffington Announces She Is Leaving Huffington Post

The Huffington Post was launched in 2005, and acquired by AOL in 2011 for $315m, and it has since established nine Huffington post global sites. World-renowned entrepreneur Arianna Huffington has stepped down as the editor-of-chief at The Huffington Post as she embarks on the next major phase of her career journey.

Business

Bank of Japan disappoints as it shuns helicopter money

The central bank said it would nearly double its annual purchases of exchange traded funds, to 6 trillion yen ($57 billion) from the current 3.3 trillion yen. The bank now sees Japan's real gross domestic product growing 1.0% for fiscal 2016 from the previous 1.2%, and 1.3% in fiscal 2017 from 0.1%. The British pound also traded weaker, down 0.21 per cent to US$1.3188 on Thursday morning while the euro weakened, down 0.06 per cent at 1.10825.

Business

Macy's plans to close 100 stores, fate of Texas stores unknown

Contributing to Macy's relative success, Lundgren noted, was a combination of normalized weather patterns (which helped apparel sales), a smaller decrease in tourist spending during the lucrative summer months, and consumers' positive response to promotional events created to boost traffic and conversion.

Business

Amid tensions, Russia deploys advanced surface-to-air missile system to Crimea

Moscow may break off diplomatic relations with Ukraine if there are no other options left on the table, Russian Prime Minister Dmitry Medvedev said, in commenting on the foiled terrorist attacks in Crimea that Russia blamed on Ukrainian intelligence.

Business

US stock indexes edge lower as investors weigh economic data

At the same time, oil prices were steady. Consumer discretionary stocks were another strong sector after Macy's announced plans to close 100 stores in the United States and boost investment in e-commerce. Devon Energy added 4.4%, while Chesapeake Energy rose 4.8%. General Growth Properties fell $1.14, or 3.7 percent, to $29.58, while Simon Property Group shed $5.01, or 2.3 percent, at $213.97.

Business

US Judge Expects Anthem-Cigna Ruling by Early 2017

WASHINGTON-A federal judge said Friday she wouldn't be able to rule by the end of 2016 on the legality of Anthem Inc.'s proposed acquisition of Cigna Corp., a setback for Anthem's efforts to hold the deal together. "I still think it's hard to understand what the fix would be for all the issues that were raised by the Anthem-Cigna deal". CI may be unwilling to agree to extend the deadline because of the contentious relationship between the two companies; also, if the deal does not close ...

Business

Delta Skelter: Airline Cancels Another 300 Flights Tuesday

Delta Chief Executive Ed Bastian apologized to customers on a video posted on the company's website and said the company was working round the clock to restore its systems. For passengers, hardship from the early morning meltdown was compounded by the fact that Delta's flight-status updates weren't working either. Delta spokesman Trebor Banstetter said that after a power outage at the company's Atlanta headquarters, some key systems and network equipment did not switch over to backup systems.

Business

What was behind Macy's decision to cut more stores?

Macy's said that the stores have been reporting declining volumes and profitability in recent years, and "do not yield an adequate return on investment and often do not represent a customer shopping experience that reflects our aspirations".


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