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Philadelphia transit workers go on strike

With a strike threat looming for Philadelphia's bus, trolley and subway workers next week, officials are asking customers in the nation's sixth-largest transit system to start figuring out alternate ways to get to work and school. Local 234 represents about 5,700 SEPTA employees. Updates on the situation will be posted online at Philly.com. He said he did not know how long the strike might last.

Business

Former Bush lawyer says Federal Bureau of Investigation may have broken law over Clinton emails

Clinton told supporters at a rally Monday that she felt confident the FBI would ultimately reach the "same conclusion" as it did in its initial investigation, declaring, "There is no case here". Trump, she said, called in to a local television station to "brag" that, with the Twin Towers collapsed and thousands dead or missing, one of his own buildings was now the tallest in lower Manhattan.

Business

Tata Group files caveats to prevent legal challenge from Cyrus Mistry

He said he was "shocked beyond words". "After the regime changed, Mr (Ratan) Tata remained as the Chairman of the Trusts and Mr Mistry the Chairman of Tata Sons". His office however has said that he is not considering any legal option "at this stage". There are more than 100 companies in the group. He then goes on to list the specific problems of each legacy hotspot, as well as businesses that has somewhat ushered into by Ratan Tata, such as Air Asia India and the joint venture with ...

Business

Recent Price Move of Shares: Marathon Oil Corporation (NYSE:MRO)

As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.15. AlphaMark Advisors LLC boosted its stake in shares of Marathon Petroleum Corp.by 98.7% in the second quarter. (NYSE: MRO ) opened at 13.72 on Monday. KeyCorp. recently traded 12.36% above its 50-day simple moving average and went up 20.39% from its 200-day simple moving average.

Business

USA pipeline project pushes Enbridge Energy Partners to $406.4M loss

Princeton Portfolio Strategies Group LLC now owns 16,539 shares of the company's stock worth $506,000 after buying an additional 105 shares in the last quarter. Tudor Pickering raised Spectra Energy Partners, from a "hold" rating to a "buy" rating in a report on Wednesday, September 7th. The market cap of 18293.07 for Energy Transfer Partners, L.P.in today's market indicated its current strength, making the company's shares a lucrative one.

Business

Pipeline protesters disagree on tactics

By Monday afternoon, 600,000 people checked in on Facebook at Standing Rock , according to CNN . As a reminder, the $3.7 billion pipeline, purportedly an economic opportunity to make the USA rely less on imported oil, would run through four states, including land perilously near Standing Rock.

Business

Pfizer quarterly profit falls 38%

Forward guidance on products like top-selling cancer drug, Xtandi, which came from the Medivation acquisition of Pfizer Inc could also influence how the stock reacts to the earnings release today. (NYSE:PFE) was sold by SUSMAN SALLY on Monday, May 9. Pfizer believes it is poised to grow its Innovative Health and Essential Health businesses, so that they can be leaders in their markets.

Business

Authorities arrest dozens of IRS call center scammers

The defendants, who were indicted by a grand jury in the U.S. District Court for the Southern District of Texas on October 19, included 32 people at five Indian call centers and 24 people in nine U.S. "They are menacing and they are ruthless in their pursuit of their victims". Almost two dozen accomplices arrested inside the United States on Thursday (Oct 27) were accused of working as "runners", or managers to collect and then launder the money by using pre-paid debit cards, Western Union ...

Business

Former Tata chairman says allegations of Docomo issue mishandling baseless

Mistry acted on his own, or contrary to "Tata values", or without the knowledge and/or concurrence of Ratan Tata and Soonawala is as false as it is mischievous", it stated. Mr. Mistry had always mentioned that the Tatas should honour all commitments within the law. He also asserted that "Insinuations that Docomo issue was handled in a manner inconsistent with Tata culture and values are baseless".

Business

Explosion in Alabama shuts gas pipeline, shortages possible

The blaze, which continued to rage late Monday, prompted the closure of the pipeline, which stretches from Houston to NY and provides gasoline for 50 million people, according to company estimates. A plume of smoke rises from the site of an explosion on the Colonial Pipeline on Monday, Oct. 31, 2016, in Helena, Ala. "He was afraid it was a lot closer than where it actually was", Chatman said.

Business

Dollar hovers at fresh 7-month highs vs. other majors

Federal Reserve would hike interest rates as early as its December 13-14 meeting. The deposit rate on money left at the ECB overnight by banks is at minus 0.4 percent. The euro was down 0.3 percent at $1.0902 after seeing a seven-month trough of $1.0897. Instead, he was asked about the mechanics of the ECB's bond-purchase program and progress on work to ensure it can be executed smoothly.

Business

Clinton's campaign asks FBI to reveal Trump's Russian ties

The FBI has been investigating Donald Trump's former campaign manager Paul Manafort's alleged business ties in Russian Federation and the Ukraine. News of the preliminary inquiry comes a day after Senate Majority Leader Harry Reid suggested FBI James Comey had "explosive information about close ties and coordination between Donald Trump, his top advisors, and the Russian government".

Business

Bank of England boss Carney to stay until 2019

Carney's plans. But the currency reversed those losses later in the day and rose even higher after Mr. In a letter to the Chancellor, Carney expressed his wish to extend his current five-year term by one year in order to "help contribute to securing an orderly transition to the UK's new relationship with Europe".

Business

Canada and EU Signed a New Trade Agreement

CETA was brought back from the brink last week after Wallonia, a small region in Belgium, reversed its opposition to the deal. However, following intense negotiations, an addendum to the deal has addressed regional concerns. International Trade Minister Michael Chan issued a statement saying he was "thrilled" Trudeau signed the agreement. With 28 member states and a population of more than 500 million, the European Union is Ontario's second-largest trading partner, according to the ...

Business

Melbourne Cup 2016: Kerrin McEvoy Wins On Almandin

And we know that running second to Winx is nothing to be ashamed about. Twenty-four horses will bolt out of the gates at 3 p.m. local time, while punters cheer, cringe and hold their breath over the two-mile stretch at Flemington Racecourse.

Business

BP profits 'nearly halve' amid low oil prices

Third quarter profit, which the oil giant calculates on an underlying replacement cost basis, came to $933 million, down from the 2015 third quarter figure of 1.8 billion. We continue to make good progress in adapting to the challenging price and margin environment. The company announced an unchanged dividend for the quarter of 10c per ordinary share, expected to be paid in December.

Business

Federal Bureau of Investigation director's poor decision about Clinton e-mails could taint the United States election

Senate Democratic Leader Harry Reid also said Comey may have violated the Hatch Act, in a letter to congressional committee chairs, because FBI investigators knew about the new emails several weeks ago and Comey only just revealed that fact to the American public.

Business

Royal Dutch Shell says 3Q earnings rose 18 percent

In the downstream segment, the Anglo-Dutch super-major reported adjusted income of $2,078 million, 21% less than the $2,617 million earned in the year-ago period. Over the last twelve months Royal Dutch Shell's stock price has increased from 0.00 to 2150.8, a change of 0%. Finally, Deutsche Bank AG set a GBX 2,220 ($27.06) price objective on Royal Dutch Shell Plc and gave the company a "buy" rating in a research report on Tuesday, October 18th.

Business

Trump Amps Up Criticism of Clinton

However, officials familiar with Comey's decision said that he felt a sense of obligation to lawmakers to "supplement" his testimony under oath in July that the Clinton investigation was complete and there would be no charges. He said Clinton's corruption is a "threat to democracy" and asserted that the only way to save democracy was to get out and vote by the millions.

Business

Malaysia's PM hopes to improve his image with China trip

Two weeks ago, Philippine President Rodrigo Duterte was in China when he announced his "separation" from its ally, the United States, and realigned with Beijing. Mr Najib, the son of a former Malaysian prime minister and close ally of successive Australian governments, has faced global humiliation over investigations in at least five countries into allegations that about $US10 billion was embezzled from the 1Malaysia Development Berhad sovereign fund, known as 1MDB.

Business

At Least 13 Dead, 20 Missing in Chinese Mine Explosion

Rescuers have worked continuously to find trapped miners and the bodies of those who died in the explosion before noon on Monday at the privately-owned Jinshangou mine in the Chongqing region. Rescuers are working around the clock to search for 20 miners who have remained trapped in a colliery in Chongqing for almost 24 hours following a gas explosion.

Business

Maruti Suzuki gears down owing to Oct sales numbers

Maruti Suzuki in the month of October sold 1.33 lakh units compared to 1.34 lakh units that it sold in year ago period. "While month-on-month sales figures are impacted by very short-term factors including number of working days, availability, stock plan, the more accurate reflection of demand is that for the festive season (August to October), MSIL sales have grown by about 14 per cent compared to previous year".

Business

Brexit: Nissan to build new Qashqai model in UK

Liberal Democrats leader Tim Farron told Sky News it was "utterly ridiculous" the United Kingdom was having to give "special assurances" to key manufacturers to deal with the "Brexit fallout her Government is creating". And Business Secretary Greg Clark said: "This is fantastic news for the United Kingdom economy, the people of the North East as well as the automotive industry and its supply chain".

Business

South Korean prosecutors arrest woman at center of political crisis

That, after Choi Soon-sil returned from Germany on Sunday, where she'd been in hiding following damning revelations linked to President Park Geun-hye. According to Yonhap news agency, Choi told reporters Monday on her way to meet with the prosecutors, "Please, forgive me". But Chosun Ilbo quoted an unnamed South Korean government official as saying that while Tokyo has approached Seoul recently with a proposal to hold the talks around late November to early December, the Park ...

Business

Bank of England Governor Carney to stay until June 2019

Following the announcement, a spokesman at Number 10 said: "The Prime Minister welcomes the Governor's decision to stay on beyond his initial five year term". "She recognises the work that he's been doing for the country and supports that, while recognising it's also a decision for him". Really not sure what was driving the stupid speculation over the future of Mark Carney as Governor of the Bank of England, but as the Economist says ...

Business

Which way Dominion Resources, Inc. (NYSE:D) earnings may go

Many Wall Street Analysts have commented on Dominion Resources. Analysts had expected the company to earn $1.07 per share, according figures compiled by Thomson Reuters. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company now has an average rating of "Hold" and an average target price of $33.30.

Business

Panasonic slashes profit estimate, feels pinch of strong yen

The electronics manufacturer forecast group profit of ¥245bil (RM9.8bil) for the year ending March 31, down from a previous estimate of ¥310bil (RM12.4bil) under global financial reporting standards (IFRS). Panasonic Corp. (PCRFY.PK,PCRFF.PK) reported Monday that its first-half attributable net income increased 8 percent to 119.9 billion yen from last year's 111.3 billion yen.

Business

Australia's central bank keeps rates unchanged

Indeed, it's still below the 2% level the Federal Reserve targets, one reason the Fed is nearly certain to leave interest rates unchanged when it meets this week. Lastly, the strategists explained to clients that central banks had not "distorted" risk premiums, if anything their actions had reduced the expected returns on government bonds.

Business

Emerson Poll: Clinton, Feingold lead in Wisconsin

Johnson refused. Likewise, Feingold has stood by his description of Hillary Clinton as "honest and trustworthy", even though Wisconsin polls have consistently shown voters don't see her that way. Nelson has always had "serious concerns" about Clinton's email use but he still believes Trump is too risky to be president. Their race is one of the most competitive in the state.

Business

United Nations special envoy for Syria 'appalled' that rebels target civilians in Aleppo

Rebels launched a major assault on Friday, backed by auto bombs and salvos of rockets, to break through government lines and reach the 250,000 people besieged in the city's east. The regime, too, has been accused of indiscriminately attacking civilians in Aleppo. Instead of attacking military targets, they've attacked hospitals, schools.

Business

Illegal and invalid action of Tata Sons shocked me: Cyrus Mistry

The battle between Ratan Tata and Cyrus Mistry moved to cyber space on Wednesday with Tata sons preparing a comprehensive response to Mistry's email to the board. The Board also constituted a Selection Committee to choose a new Chairman for Tata Sons, comprising Ratan N. Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya.

Business

Search suspended for star Chinese sailor lost in mid-Pacific

The team is in contact with commercial ships but the nearest one is hundreds of miles away because Guo Chuan was taking a non-traditional route, it said. Guo started his challenge on October 19 from San Francisco with his Super Trimaran " China Qingdao" heading for Shanghai, hoping to set a new cross-pacific sailing record.

Business

Clinton ally wants person who approved private email server 'drawn and quartered'

In November 2011, he wrote a memo describing the intersection of his foundation fund-raising efforts and his management of President Clinton's for-profit business opportunities, which Band called Bill Clinton, Inc. Charles Delavan, the IT Helpdesk Manager for the Clinton campaign, appeared to fall for it too, however. The Clinton campaign has refused to confirm or deny the authenticity of the emails, instead focusing on intelligence reports blaming the data breach on the Russian government.

Business

European Central Bank holds key rate at record low of zero percent

Benchmark 10-year Treasury notes were up 6/32 in price to yield 1.731 percent, down 2 basis points from late on Wednesday, while the 30-year bond was up 21/32 in price, yielding 2.482 percent, which was down 3 basis points from Wednesday. He said the European Central Bank is now re-examining the design of the QE programme and would make a decision at the 8 December meeting. Draghi said inflation should increase in 2017 and 2018, partly because of changes in year-ago comparisons.

Business

Core sector grows 5% in September

With steel in particular, earlier there was dumping by China that was affecting the sector. This is the only sector which rose by double digit. The cement sector grew by 5.5 per cent in September, faster than the 3.1 per cent seen in August.


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