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Business

Khizr Khan, father of US Army captain, to campaign for Hillary Clinton

After Trump was roundly criticized by Democrats and Republicans for his reaction to Khan's speech - including an explicit disavowal of his candidacy by ME senator Susan Collins - the Khans withdrew from campaign appearances, telling CNN that they found the experiences too draining.

Business

Oil prices drop as investors doubt OPEC's deal to limit output

The losses came after oil prices fell more than 1 percent on Wednesday as a report showing a surge in USA crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about oversupply.

Business

Iraq, seeking OPEC curbs exemption, exports more oil in Oct

Iraqi oil minister Jabar Ali al-Luaibi said Baghdad wants to be exempt from any production cut the Organization of the Petroleum Exporting Countries is aiming to achieve. The industry group also reported a 1.7-million-barrel increase in gasoline stocks, while distillates likely dropped by 900,000 barrels. He stressed that between June 2014 and January 2016 the OPEC Reference Basket price fell by 80 percent, which was the largest percentage fall over the past three decades.

Business

OPEC output cut may hasten oil market re-balance, says IEA

On OPEC's agenda next month is whether its members can agree on crude oil production cuts. U.S. Commodity Futures Trading Commission (CFTC) and InterContinental Exchange data reveals that money managers have bought almost 218,000 lots of crude futures and options contracts in October, the largest monthly rise to date.

Business

Bitter war of words from May and Sturgeon over Brexit

Mrs May is convening a meeting of the UK Joint Ministerial Committee to offer Holyrood , Cardiff Bay and Stormont a "direct line" into David Davis, the Brexit secretary in a bid to make good on her promise to engage the devolved administrations in her European Union exit plans.

Business

Apple reports 5 percent dip in iPhone sales

The company also may have underestimated the number of customers it would win from Samsung Electronics Co Ltd, which recently recalled its own large format phone, the Galaxy Note 7, after a number of them caught fire. The shares hit a 12-month low of $89.47 in May but have been on an uptrend since then as investor confidence returned. Revenue and EPS of $46.9 billion and $1.67, respectively, were about in line with analyst expectations for the two key metrics.

Business

Dieselgate costs VW record $14.7 billion fine

Volkswagen says the claims process for arranging buybacks or modifications has already started. All affected owners will also receive between $5,000 and $10,000 in compensation depending on vehicle type, miles accumulated and other factors.

Business

Toomey's split strategy embraces Kaine and attacks Clinton

Toomey and McGinty met in a debate taped last week in Pittsburgh. On the state level, she served as the secretary of the Department of Environmental Protection and as Gov. On Wednesday, McGinty will campaign with Massachusetts Sen. Over the course of the campaign, Toomey has parsed the difference between "endorsing" and "supporting" Trump, ruling out the former while leaving the door open to the latter.

Business

Women in Iceland Leave Work 14% Early to Protest Gender Wage Gap

Women in Iceland have had it up to here with wage disparity. On October 24, 1975, nine out of 10 women took the "day off" and refused to work, cook, or take care of their kids, to highlight all they do in society. Women in Iceland were fed up of the pay gap which exists between men and women so they chose to do something about it. While the pay gap is closing, at the rate it's going it will take approximately 52 years to be equal.

Business

AT&T acquiring Time Warner on shifting media terrain

The commission is also poised to adopt rules that would end cable and satellite TV operators' effective monopoly over the set-top boxes customers use to receive their programming, which should help independent and online-only content providers compete against the CNNs of the world.

Business

Passengers Evacuated After MBTA Train Overheats in Boston's Back Bay

The MBTA is telling riders to take the Green Line for downtown service instead. Dozens of commuters were forced to flee a smoke-filled subway train during the evening rush hour in Boston Wednesday. Claudia explains that people were jumping out of the windows and doors of other train cars, "probably hurting themselves trying to get out because of the incited panic".

Business

Tesla says self-driving hardware to be built into all its cars

Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric auto company bids to be the first among many rivals to get autonomous vehicles on the road.

Business

Samsung Offers Galaxy Note 7 Owners $100 Incentive to Trade in Device

Samsung has received 96 reports of overheating phones in the U.S., with 23 of those occurring after 15 September, the date of the initial recall. The Note 7 was recalled last month after battery fires, but when replacement phones experienced the same problem, Samsung scrapped the device.

Business

Tammy Baldwin says Obamacare needs some fixes, but not repeal

Costs differ greatly by state, depending on how many private insurers are competing for business. "Relatively few people will feel the premium increases , but everyone will hear about them", Dan Mendelson, president of consulting firm Avalere Health, told CNN Money .

Business

Apple Inc. (NASDAQ:AAPL) Considers iMessage For Android

According to Daring Fireball's John Gruber, Apple has been internally circulating mockups of iMessage for the competing platform, suggesting a release could still happen. iMessage runs only on Apple products such as Mac, iPad, and iPhone. It wouldn't be the first time that Apple and Android have worked together, as Apple has three apps on the Google Play Store, including Apple Music and Beats Pill.

Business

Crude Oil Slips Near $49, API Reports Huge Inventory Build

Visit MarketWatch.com for more information on this news. The Energy Information Administration reported a draw of 600,000 barrels in US crude oil inventories for the week ending October 21, bringing a shred of calm to the market worries sparked by the American Petroleum Institute's estimate of a 4.8-million-barrel inventory increase reported yesterday.

Business

Grimshaw's Heathrow expansion gets government go-ahead

Heathrow CEO John Holland-Kaye said he envisages a "flat" charging regime going forward. One City planning partner said that the primary role for external legal advisers at this stage would be the promotion of the planned scheme, which would account for "80-90% of the work".

Business

Dollar Climbing Following European Central Bank Announcement

The discussion firmly shot down any talk of tapering its 1.7 trillion euro ($1.9 trillion) asset-buying program. Draghi's bond-buying program - created to push interest rates down while boosting credit - was launched January 22, 2015, and involved 60 billion euros in monthly bond purchases from across the eurozone.

Business

US stocks are mixed as banks keep climbing and Apple falls

Shares of the world's most valuable public company were off 3.4 per cent in heavy premarket trading after the company said sales of its flagship iPhones fell for the third quarter in a row. Coca-Cola Co reported better-than-expected quarterly revenue, helped by higher prices for sodas and strong demand for water and sports drinks in North America.

Business

Holcomb, Gregg set for final Indiana gubernatorial debate

Republican Eric Holcomb, Democrat John Gregg and Libertarian Rex Bell are set for a final televised debate as they go into the last two weeks of their contentious campaign for the IN governor's office. Tuesday's debate at the University of Southern Indiana in Evansville focused on health and social issues, but Holcomb and Gregg weren't asked about their differences over extending state civil rights protections to gay, lesbian, bisexual and transgender people.

Business

BB&T Corporation (NYSE:BBT) Vs. Industry Vs. Sector Growth Analysis

With an institutional ownership near 64.2%, it carries an earnings per share ratio of 2.69. The market capitalization of the company is at $31.83 Billion. Coach, Inc. (NYSE:COH)'s earnings per share has been growing at a -10.8 percent rate over the past 5 year when average revenue increase was noted as 1.6 percent.

Business

Asbestos, waste from demolished Carlton pub found at developer's western suburbs property

The developer "cowboys" who illegally destroyed a Melbourne pub will be hauled before the planning tribunal in a bid to force them to rebuild it. Workers at the Carlton site put tarpaulins over the remains of the pub. "It may have taken us much longer to find the waste without that valuable information". It was demolished by Shaq Demolition and Excavation, half owned by Mr Shaqiri.

Business

NJ father jumps from bridge with 2 children

Chris DePuyt said. They found the family in a wooded area near the river, state police said in a statement . John Spincken was pronounced deceased at the scene at 9:00 p.m. This is when they found the father dead and the children still alive underneath the bridge after the fall of 100-feet. Depuyt said: "When the story was being relayed to me, I was expecting the worst ending possible".

Business

USDA: Corn, soybean harvest almost finished in IL

On the other hand, soybean acres are expected to hit a record high of 88.4 million acres. The most active wheat futures was little changed at $4.02-3/4 a bushel, having closed down 2.5 percent on Monday. A tender being held on Tuesday by Egypt , the world's biggest wheat importer , could underline the greater competitiveness of Russian wheat , which has dominated purchases by Egypt despite rising prices in Russia.

Business

Trump says he would repeal 'disastrous' Obamacare

Chaney says the bottom line in all this is MS still has some of the lowest rates in the nation for the consumer, he also says the entire state still has coverage at this time. The HHS report confirms news of double-digit rate increases that some state insurance regulators have been disclosing in recent weeks. The government provides income-based subsidies to about 85 percent of people enrolled, and those credits will increase with the higher premiums.

Business

Texans fan creates GoFundMe page to buy out Brock Osweiler's contract

Once free agency opened up Denver GM John Elway was overly confident that Osweiler would re-sign with the Broncos. Gary Kubiak may not have heard our noise, but he sure came to the same conclusion when game planning for the Texans. We all loved watching Arian Foster play. I wasn't even paying attention to it. Miller said the end of the streak was nothing to be concerned about.

Business

Chipotle's 1st Tasty Made Burger Store to Open This Week

Chipotle Mexican Grill Inc. says the new Tasty Made restaurant is scheduled to open Thursday in Lancaster, about 30 miles southeast of Columbus. The Denver-based company says the Tasty Made restaurant will serve only burgers, fries, milkshakes and sodas.

Business

Performance Update for Sherwin-Williams Company (The) (NYSE:SHW)

Today's result is disappointing for investors, but keep in mind that earnings are still expected to be $11.30 to $11.40 per share, implying about a 22 P/E ratio ahead of the Valspar deal. Advisor Group Inc. purchased a new stake in shares of Sherwin-Williams during the second quarter worth $5,052,000. In the fourth quarter, Sherwin-Williams said it expects adjusted earnings per share between $2.13 and $2.23.

Business

Apple delays AirPods launch, needs 'a little more time'

Apple has announced its wireless AirPods earphones will not be ready for their scheduled release before the end of the month. Now the Cupertino, California company isn't saying when they'll be released, or why it needs more time. "We don't believe in shipping a product before it's ready, and we need a little more time before AirPods are ready for our customers". Since the announcement, the AirPods have received a mixed reception to say the least.

Business

Sebi to look into Tata-Mistry saga for breach of corporate rules

The SEBI is also monitoring the stock movement of all Group stocks for unusual trading activities. He referred to a "recent" forensic investigation revealing "fraudulent transactions of Rs 22 crore involving non-existent parties in India and Singapore".

Business

Obama compares Affordable Care Act to Samsung smartphone that catches fire

But Obama will be attempting a hard sales job. Premium increases for next year are considerably higher than during the first three years of exchange sign-ups, and health insurers quitting some marketplaces has significantly diminished competition, especially in states where only one insurance provider is participating in the exchanges.

Business

May rejects talk of 'hard Brexit', says UK's options not binary

May also added that Britain's national security was better served inside the European Union, because of instruments to coordinate security forces and share information. "They don't like the fact that they've been overruled by the people who voted". A number of European Union government officials have previously told BuzzFeed News that the introduction of work permits by the United Kingdom could make even temporary access to the single market problematic for several administrations.

Business

Energy Stocks Directions: Whiting Petroleum (NYSE:WLL), Ferrellgas Partners (NYSE:FGP)

United States of America based company, Whiting Petroleum Corp.'s (WLL)'s latest closing price was -3.90% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 1.83% and -5.72% compared with the 20 Day Moving Average.

Business

Barack Obama trolls Donald Trump over "mean tweet" on late night TV

But on Monday night, Jimmy Kimmel asked if Obama if ever just laughs at Trump. Under the US Constitution, presidents are limited to two terms - which is just as well, Obama said. He confirmed, "Most of the time". Although Obama reiterated his support for Clinton more by his put downs of her opponent than outright support for the candidate herself, he did affirm his support for the former Secretary of State.

Business

2 children lucky to survive accident at Aussie park

It was not immediately clear if they were locals or tourists, police said. Queensland Police Assistant Commissioner Brian Codd said officers have reviewed CCTV revealing one raft flipped after a crash and the victims were tossed onto a conveyor belt.


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