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Trump Claims Credit For Keeping Ford Lincoln Production In Kentucky

Whenever Donald Trump tweets to brag or take credit for something, double-check it first. "We are encouraged that President-elect Trump and the new Congress will pursue policies that will improve USA competitiveness and make it possible to keep production of this vehicle here in the United States", she added, in a statement.

Business

Oil May Rise to $55 if All Producers Cooperate - Iran

OPEC members most likely will reach an agreement during the upcoming meeting which is scheduled for November 30, Bijan Namdar Zanganeh, Iran's oil minister said . Nor did they secure a promise from Russian Federation to accomplish more than top production, as of now at record levels. While Libya, Nigeria and Iran have been granted special considerations within the Algiers deal, Saudi Arabia is insisting that other members equitably share the burden of production cuts.

Business

ATMs Ready, Notes Printed, Back To Normal By Month End: Government Sources

India is the world's fastest-growing major economy. But the last date of depositing old banned currency is December 30. There are no signs of the queues getting shorter according to local media reports. "There is hardly any cash exchange", said Imran, who had taken more than 2.5 million rupees in old notes to deposit, but only handed out 50,000 rupees in new currency.

Business

Goldman On OPEC & Oil Risk In 2017

Crude oil prices moved higher to start the day on Friday on competing strains from production levels outside of OPEC and sentiment for a market deal. That is because Tehran wants exemptions from output limits as it tries to regain market share after the easing of Western sanctions in January.

Business

Elon Musk gets go-ahead to merge Tesla and SolarCity

Speaking after the vote , Musk said that after conversations with SolarCity engineers, "it's looking quite promising that the solar roof will cost less than a normal roof before you even take the value of electricity into account". Tesla shares rose less that 1 percent to close at $183.93 Wednesday. Tesla forecast that SolarCity , which makes and installs panels for businesses and residential customers, would contribute a billion dollars in revenue to the combined company next year ...

Business

New Jersey has fourth lowest divorce rate in US

But the divorce rate isn't the same across the USA - it's highest in Washington, D.C., where 29.9 marriages out of every 1,000 ended in divorce. The rate rose from 31.9 marriages for every 1,000 unmarried women aged 15 and older in 2014 to 32.3 marriages in 2015.

Business

Tesoro Set to Snap Up Western Refining in $6.4 Billion Deal

Stock monthly performance is recorded as -20.41% while its performance in last one week is -7.51%. The deal created a lot of optimism among the investors. The company's revenue was down -19.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.69 EPS.

Business

Trump attorneys to argue for delay in Trump University trial

The deal announced Friday by NY state Attorney General Eric Schneiderman would settle a lawsuit he filed three years ago, plus two class-action lawsuits in California filed on behalf of former Trump University students. Now that Trump is President-elect , he is claiming that he is too busy to participate in a civil trial . Although Trump claims that he is way too busy to attend a trial, he has offered to testify via video tape before the class action trial begins on November 28, 2016.

Business

Trump quickly settles university lawsuits after a long fight

The allegations have been a major point of controversy for the President-elect for years. Schneiderman called the agreement a "stunning reversal" for the president-elect, saying Trump "fought us every step of the way, filing baseless charges and fruitless appeals and refusing to settle for even modest amounts of compensation for the victims of his phony university".

Business

IN employment stable in October

Ohio's rate was in line with the national average 4.9 percent. Florida created almost 6,000 jobs for the month of October, but the unemployment rate went up, according to the latest numbers from the Florida Department of Economic Opportunity.

Business

Russia's Economy Minister Arrested Over Bribery Allegations

Authorities on Tuesday said that Russia's Federal Security Service had been listening to Ulyukayev's phone conversations for months, and Putin's spokesman, Dmitry Peskov, told reporters that the Russian president had been aware of the investigation all along.

Business

Tesla, SolarCity get shareholder approval for merger

There were speculations early on that the solar roof will be expensive than the normal roofs. 'Thanks for believing, ' Elon Musk tweeted as the verdict was revealed. More significantly it means that plans for the new Tesla/SolarCity Solar Roof will go through, and Panasonic will be brought in to run the Buffalo gigafactory, which will likely end up producing Panasonic heterojunction silicon PV modules , and not Silevo technology as originally planned.

Business

Poor are having a sound sleep, corrupt are upset: PM

Invoking former Prime Minister Jawaharlal Nehru on his birth anniversary, PM Modi said, "people of Nehru family falsely accused me but I am here to fulfill what was left incomplete from your time". Many low-income people including maids, drivers and local traders, without access to bank accounts and who store cash at home, complain that their savings have been completely wiped out.

Business

Volkswagen Job Cuts To Affect 30000 Workers In Wake Of Emissions Scandal

The VW group comprises 12 brands from seven European countries: Volkswagen passenger cars, Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Volkswagen agreed to make Wolfsburg the center for its development of electric auto platforms and digitization, which was a key concession to win Lower Saxony Prime Minister Stefan Weil's backing for job cuts.

Business

Elon Musk says Tesla's solar roof will be cheaper than ordinary roofs

On Thursday afternoon, the shareholders of Tesla and Solar City voted to merge the electric-car manufacturer and solar-power company into one corporation, centralizing Elon Musk's efforts to create an integrated network of renewable energy homes and electric cars.

Business

Abe heads for NY for first talks with Trump

The alliance becomes alive only when there is trust between us ", Abe told reporters after the meeting, which was closed for the press. Mr. Trump said during his campaigning for the presidency that he could require Japan to pay more to remain under the umbrella of US security - backed up by America's nuclear weapons - which remains a cornerstone of America's Asia policy in the face of an increasingly assertive China.

Business

Yellen Says Improving Economy Strengthens Case For Rate Hike

WALL STREET: The Dow Jones industrial average added 0.2 percent to 18,903.82. US stocks were poised for a lower opening with Dow futures and the broader S&P 500 futures down 0.5 percent. The FTSE/JSE Africa Gold Mining Index fell 2.7 percent, heading for a second weekly decline. YELLEN FOCUS: Federal Reserve Chair Janet Yellen will testify before Congress this morning.

Business

Kansas police seek public help in search for missing newborn

Dallas SWAT recovered a missing Kansas newborn early Saturday morning when they took two people into custody, at least one of whom is suspected in the abduction and the fatal shooting of the baby's mother, police said. Police have no suspect information to share with the public, and that is required before an Amber Alert will be issued. He said it was a combination of tips, police work and help from the Federal Bureau of Investigation that helped them find baby Sophia.

Business

Texas getting 'extreme pressure' from boosters to hire Tom Herman

As Herman's done ever since getting to Houston, the Cougars upset a ranked Power Five team, this time in the form of the Louisville Cardinals, 36-10. Meanwhile, Herman has become one of the hottest names in the coaching fraternity this season by guiding the Cougars to a 9-2 record - including wins over Oklahoma and Louisville.

Business

Trump Settles Suit Against Trump University

The real estate mogul faced three class-action lawsuits , which accused the school of misleading the students in their curriculum. Shortly after Trump won the election, his attorney Daniel Petrocelli asked U.S. Trump also attacked the US-born federal judge handling the case in San Diego , Gonzalo Curiel , saying he could not be impartial because of his Mexican roots - comments that outraged many.

Business

Ford states Donald Trump no Lincoln MKC SUV production going to Mexico

Ford is, however, planning on making more of the Escape in Kentucky, and will eventually adjust MKC production in order to keep up with demand for the popular Ford SUV. By 2020, the vehicle companies from Europe, Asia and the United States had already announced a total investment volume of 17 billion dollars. Donald Trump , the narcissistic compulsive liar America elected as its next president, has an unhealthy penchant for bragging.

Business

Volkswagen to cut-down 30000 jobs

Recent announcements have included its brand Audi abandoning its racing activities in the World Endurance Championship , and Volkswagen ending its involvement in the World Rally Championship . Reports of VW Group and the IG Metall engineering union planning job cuts already emerged before the "Dieselgate" emissions scandal erupted, but the aftermath of the crisis will certainly have expedited the process.

Business

Iraq's oil contracts make joining OPEC output cut more painful

Brent crude oil futures LCOc1 were flat at $46.49 per barrel at 1101 GMT. It was on track to gain 3.6% for the week, the first weekly increase in four. But since the September meeting, some producer nations in OPEC, including Iraq , have asked to be exempt from any output cut deal and the group's production in October climbed to a record of 33.83 million barrels a day.

Business

Here's how to outsmart fake news in your Facebook feed

There are a lot of variables that factor into exactly how much a viral hoax story can make for its creator. He thinks that the "horrible sites" that have "no creativity or purpose" behind them should be washed out by Google and Facebook's new desire to clean up fake news , but he hopes his own sites that have "purpose and meaning" will not be affected.

Business

United Kingdom government has no plan for Brexit, leaked memo says

It also said that, due to cabinet splits, the government may need another six months to decide on its priorities. "To do so would put Labour against the majority will of the British people and on the side of certain corporate elites, who have always had the British people at the back of the queue", he will say.

Business

Texas electors under pressure to change their votes

It's a longshot effort. The electors will gather at their state capitols in December, and vote to formally make Trump the 45th president. Kim says that's not going to happen, "I reject the Democratic party principles and I reject Hillary Clinton".

Business

Ohio's jobless rate up to 4.9% for October

The Massachusetts economy lost 5,500 jobs in October, according to preliminary federal estimates, and the state's labor force - the amount of people working or actively seeking work - decreased by 2,300 over the month. • Professional and business services with 13,300 new jobs. The jobless rate was 3.6 percent last month. And Virginia is adding jobs at a faster rate than the nation as a whole, a 2 percent growth rate compared to this time previous year.

Business

Russian Minister for Economic Development arrested for $2m bribe

Ulyukayev had been reluctant to sign off on state-controlled Rosneft's purchase of smaller oil company Bashneft - the transaction for which he is now being accused. Rosneft declined to comment on the investigation, but said the Bashneft deal complied with Russian laws. A Rosneft spokesman, Mikhail Leontyev, was quoted as saying by TASS news agency that the company saw no risk to the Bashneft deal stemming from Ulyukayev's arrest.

Business

Mexico won't pay for Trump's wall

The stock market in Mexico was down more than 2 percent in afternoon trading. The day after Trump's victory on Tuesday, the peso plunged to an all-time low, standing at 20.74 to 1 USA dollar. Ford plans to shift all small auto production to Mexico in the next two to three years, sending production of the Ford Focus and C-MAX from its Michigan Assembly Plant in Wayne to Mexico.

Business

Singles' Day: Alibaba posts record sales as Chinese e-shoppers spend billions

Within two hours it had reaped $7.2 billion in sales-already half of the 24-hour sale's total $14.3 billion haul past year. The figure eclipses the $3.97 billion research firm comScore says Americans spent in total a year ago on Cyber Monday, the country's biggest online shopping day.

Business

Black Friday Still Most Important Shopping Day of the Year

With a range of smartwatches being produced now by various manufacturers including Apple, Samsung , Pebble and more , there are plenty of different designs, styles and functionality to choose from. Amazon not being one to wait has already started posting their deals leading up to the day in what they're calling their "countdown to Black Friday ", and there are already some great discounts on tons of tech like Amazon's collection of Kindle e-readers, battery packs, and more .

Business

'Trump is in the White House Because of Me'

The tech news outlet found that the 20 top-performing bogus stories from hoax websites and extremely partisan blogs generated slightly more than 8.7 million shares, reactions and comments at the leading social network in the three months before the November 8 election.

Business

Dollar rises above 110 yen on looming Fed rate hike

The probability of a December rate hike by the Federal Reserve going from as low as 30 percent to as high as 96 percent after the USA presidential election. SolarCity was up 2.8 percent at $20.97 after Tesla CEO Elon Musk won approval from the electric luxury automaker's shareholders for an acquisition of the solar energy system installer in which he is the largest shareholder.

Business

Will Trump pull out of NAFTA, and what would happen to BC?

It has become a tradition that the first foreign visit by a USA president is to Canada. David MacNaughton, Canada's ambassador to Washington, said that Mr. Trump has said he wants the U.S.to get a share of the profits if the pipeline were to be built. Brad Wall, premier of the Canadian province of Saskatchewan, noted Trump's support for Keystone XL.

Business

Demonetisation: IT notices to those depositing huge cash

The Government had earlier said black money deposited in bank accounts during the 50-day period will be subject to tax, interest and 200 per cent penalty. "We urge every conscientious citizen to help join the government in eradicating it". The government also set a December 30 deadline for accepting the old decommissioned currency notes, in exchange for legal tenders.


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