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Amtrak Announces Purchase of 28 New High-Speed Trains

Amtrak plans to put the first of 28 new trains into service in about five years. They will be able to tilt hard into curves, allowing them to move faster (160 mph) than the Acela trains running on the Northeast Corridor (135 mph). In terms of job creation, the train sets will be built at Alstom's site in Hornell, N.Y., and maintained at Amtrak depots in Boston, New York and Washington, DC.

Business

US hiring slows to 151K jobs in August; Fed hike less likely

While the U.S.is on a long streak of job growth, reports over the last few months have been inconsistent: growth was weak in April and May, but picked up in June and July and seems to have slowed again in August. Over the last several years, the government's August payrolls estimates have been weak only to be subsequently revised higher. "Overall, it still looks like the job market is doing well", said Michael Feroli, chief USA economist at JPMorgan Securities LLC in NY, who projected a ...

Business

Tim Cook on European Union tax ruling: 'It is total political crap'

Apple's chief financial officer, Luca Maestri, told reporters on Tuesday that the assertion that Apple doesn't pay taxes anywhere on much of its profits is "simply wrong". Cook has complained in the past that high USA taxes have discouraged the company from bringing those earnings home. However, other lawyers note that Apple's unusual tax structure - involving companies which are tax resident nowhere - means its tax rulings are unlikely to have many close comparators.

Business

Black vote concentrated, but key in Trump-Clinton matchup

After the service, which Trump is expected to attend for only a few minutes, he will give a private interview with the church's pastor, who happens to have his own religious cable TV network. "I'm not protesting Wayne Jackson". In an attempt to improve his standing with the African-American community, The New York Times notes that the Trump campaign has "edited" and "scripted" his upcoming interview, including the questions and answers that will take place.

Business

Andhra HC stays order against Naidu in cash-for-vote case

In another related development, Justice B Siva Sankara Rao of the Hyderabad High Court issued bailable warrant against Stephenson, the complainant in the case and sought his presence in the court on September 30 for hearing a contempt case filed against him in the same case.

Business

Shares slip on Fed rate hike worries; dollar climbs

Fischer has said that jobs data for August due on Friday will be a consideration on when the Fed raises rates. "While we see parity as a matter of when, not if, we're not convinced now is the time for a run up to that level". "If the jobs data is going to be good, gold will fall to $1,260-$1,270 levels as markets will hope for a rate hike in September". "It's finely balanced and remarkably stable.

Business

Irish Cabinet Decides to Fight EU on Apple Tax

The final decision was taken after two days of negotiations in the country's minority Government after concerns were raised by Independent members of the cabinet. Apple and Dublin said the U.S. company's tax treatment was in line with Irish and European Union law and they would appeal the ruling. "I hope they will be as open and fast as possible for us to be able to publish the decision".

Business

Demand pickup drives PMI to 13-month high

However, the latest survey indicates only a partial move towards stabilisation, rather than a return to business as usual across the construction sector, Tim noted. Laith Khalaf, senior analyst at Hargreaves Lansdown, said the manufacturing data adds to a picture of improved sentiment since the fallout of the referendum result.

Business

Russians hacked voter registration databases in 2 USA states

The bureau is also now urging states to improve their computer security systems in preparation for the upcoming presidential election on November 8. While it is amusing for Colbert to make light of the recent situation, voters are definitely concerned that Russian hackers were able to grab that kind of information from registered voters.

Business

DAHLIA | Made In China Or Made In Canada: What Are You Wearing?

Canadian farmers sold $2 billion worth of canola seed previous year in China - or 40 per cent of the country's exports of the crop. The two sides chose to extend the existing agreement while they negotiate a permanent deal. Trudeau, centre, with China's Ambassador to Canada Luo Zhaohui, left, and Canada's Ambassador to China Guy Saint-Jacques on the Great Wall in Beijing.

Business

Hanjin shipping files for bankruptcy

On Wednesday, the world's seventh-largest shipper filed for court protection after its creditors, led by the state-run Korea Development Bank, rejected its self-rescue scheme worth 500 billion won (USD$ 446 million), saying it was not enough to help the shipper get on a normalization path.

Business

US Factory Orders up 1.9 Percent in July, Best in 9 Months

The key category that tracks business investment plans posted the best increase since January. Factory orders increased by 1.9% in July, roughly in line with expectations, according to a report from the Commerce Department on Friday. Similarly, the energy sector had dramatically reduced its drilling and exploration efforts as a results of the massive drop in oil prices, with this sector only now starting to find some footing.

Business

U.K. Construction Index Jumps Most Since 2013 in Brexit Rebound

Growth in the eurozone manufacturing sector lost momentum in August as rates of expansion slowed for production, new orders and new export business, resulting in weaker job creation, fresh data has indicated. The pound surged on Thursday after Manufacturing PMI came out well above expectations in August, easily beating the 49.0 forecast, and revealing yet more underlying resilience in the United Kingdom economy post-Brexit.

Business

Canada to Open 7 new Visa Centers in China

CTVNews.ca has compiled a roundup of the announcements that have come out the visit so far. Chinese Premier Li Keqiang told reporters through a translator that both sides have "shown flexibility" on the issue. Garratt was living in a Chinese city on the North Korean border where he conducted Christian aid work for North Koreans when Beijing detained him in 2014.

Business

Dozens Killed as Earthquakes Strike Central Italy

The centre of Amatrice was devastated and homes collapsed on residents as they slept. As crews continue to search for survivors from the quake that rocked central Italy Wednesday, officials say the death toll has risen to almost 250 people and many missing.

Business

Elon Musk says Tesla will update Autopilot with 'major improvements' soon

Tesla planned to redeem $422 million in convertible notes. While Tesla understands the urgency to generate more cash before the end of this year, management has not made up its mind regarding which approach will be best to raise the capital required.

Business

India's richest man launches free 4G service

According to reports, Airtel, Idea, and Reliance lost a whopping Rs. 13,165 crores in market value after Reliance Industries chairman Mukesh Ambani announced the aggressively low prices of its Jio mobile services. These are all prepaid plans and there are no postpaid plans as of yet. If you think this is all, you're wrong. " Reliance Jio is a valued member of the COAI".

Business

More Indian players should play overseas: Constantine

India will aim to climb up the rankings when they host Puerto Rico in an worldwide friendly football match at the Andheri Sports Complex here on Saturday. Sandesh Jhingan will remain key in the defence along with Arnab Mondal and Company. However, in a more fluid system, Lyndoh could find himself partnering Halder in a deeper role, giving Sumit Passi a place just behind striker Jeje in the side.

Business

US Commercial Flights Take Off For Cuba

Earlier this summer, DOT announced the approval of six USA passenger airlines and one all-cargo airline to serve cities in Cuba other than Havana. The meeting took place just hours after the arrival of the official, who traveled among the 150 passengers aboard the Airbus A-320 of the US airline JetBlue, which resumed regular flights between the two countries, interrupted by more than half a century.

Business

Mylan CEO on EpiPens

Mylan raised the price of the drug 500% since then to $600 now. "This is not a public health solution". Customers of Express Scripts Holding Co., the nation's largest prescription benefits manager, pay $73.50. Mylan has come under fire for raising the price of EpiPens by more than 400 percent over the last seven years. He's afraid many patients just won't get their medication.

Business

Samsung to recall phones after explosion claims

Samsung traced the problem to a flaw in the phone's lithium battery, and issued a voluntary global recall. The South Korean company said customers who had already bought the phone would be able to swap it for a new one. As for people who have already purchased the phone, the company says it "will voluntarily replace their current device with a new one over the coming weeks".

Business

India's Reliance announces launch of 4G mobile services

Well, we are here to help you and give you a quick guide to switching your current number to Reliance Jio 4G Sim. Shares of Bharti Airtel dropped 8.99 per cent to Rs 302. What will be the charge for Jio users? "If you use more data, it will go down to Rs 25 per GB", said Ambani . Jio customers will get a "free welcome offer" which is nothing but an extension of the "free preview offer" that Jio was doling out resulting in a 4-million strong customer base even before a proper launch.

Business

Hillary Clinton calls for EpiPen price cuts

They are only sold in packs of two and now cost upwards of $600. There is a growing controversy surrounding the surging price of EpiPens, the auto-injector devices used to treat severe allergic reactions, and the media has finally discovered that a Democratic Senator's daughter is at the center of it.

Business

Obama to highlight climate issues at home before journey overseas

President Obama defended his legacy on the environment and criticized climate change denial Wednesday in Lake Tahoe, Nevada, saying "smart" environmental and economic policy aren't mutually exclusive. Scientists believe an array of factors such as storm-water runoff, vehicle traffic and nearby construction have fueled the loss of clarity in the alpine lake, leading to major investments over the last 20 years by Congress, private groups, local authorities and the states of California and Nevada.

Business

Urjit Patel appointed as new RBI governor

Dr Patel, who is now serving as a deputy governor of RBI under Rajan, will take on some of the country's biggest financial challenges once he assumes office. "Patel is an astute economist with a clear vision, who will surely continue to de-risk the Indian economy and strike the fine balance between growth imperatives and inflation management", he said.

Business

Tropical system could threaten Florida, Gulf states

But the chance of the system strengthening into a tropical depression or tropical storm Saturday or Sunday is now just 30%. 99L was expected to move near south Florida and the Florida Keys and into the Gulf of Mexico, where forecasters think it could have a better chance of development.

Business

Tesla plans to raise funds this year to tackle cash crunch

Earlier this year, CEO Musk had warned of another "small equity capital raise", to fund both the development of Tesla's Model 3 auto, and to build out its massive battery-making "gigafactory". Tesla's board took the possible deal more seriously on May 31 - just 13 days after the secondary stock offering was announced - when it directed management to assess a potential solar acquisition.

Business

Wal-Mart launches holiday layaway Friday

Items as low as $10 can be placed on layaway with a minimum purchase of $50. Just as last year's Star Wars: The Force Awakens premiere focused shoppers attention on all things galactic, the debut of Rogue One: A Star Wars Story on December 16 is likely to spur sales of soon-to-be-released toys such as the Star Wars Electronic R2D2 , another of Walmart's most popular picks.

Business

Rosberg back in title hunt with Belgian GP win

With third place Hamilton lost only 10 points at Spa to victor and Mercedes team-mate Nico Rosberg to hold a nine-point lead in the championship, despite taking grid penalties for introducing three fresh engines this weekend. The race start was clean enough for Rosberg, but it was mayhem behind him. "We prepared ourselves in the way we hoped to get some points, but one of my guys took me up to the Paddock Club before the race and I said "I might not finish today", Hamilton revealed after ...

Business

Mosquitos test positive for Zika in Florida

Those infected with the virus may not experience symptoms, while some may see mild symptoms such as fever, rash, headache, joint pain or conjunctivitis. As the outbreak spreads, many of Singapore's five million people are covering up and staying indoors to avoid mosquitoes as health experts warn that virus in the tropical city-state would be hard to contain.

Business

Hanjin Shipping files for bankruptcy in South Korea

The Hanjin Vienna, a 280-metre-long container ship, landed at the Deltaport container terminal Tuesday, but terminal operator Global Container Terminals declined to handle cargo from the vessel because it couldn't guarantee it would be able to pay for the service.

Business

Singapore on battle mode against Zika after infections rise

The committee's chairman David Heymann said Singapore was expected to sequence the virus strain in its outbreak next week. The small Asian nation now has over 100 reported cases of Zika , a number that has been steeply rising since they recorded their first locally transmitted infection earlier this week.

Business

Breakthrough In Case Of Gang Stealing Cars Outside Dublin Homes

The VW Golf was partially dismantled. The Operation Thor sting targeted a gang believed to have stolen vehicles from residential areas in Dublin. A Nissan Qashqai and two laptops were also recovered by gardaí in the southside of Limerick city as part of the investigation.

Business

Here's Why SolarCity Corp And Tesla Motors Inc Shares Are Down

Unlike many analysts' belief, Tesla CEO and SolarCity Chairman Elon Musk initially came up with the acquisition idea about six months back in February. Adding to the money going tout the door, the company also noted in the filing that it "received notices of conversion from holders of approximately $422 million in aggregate principal amount of Tesla's convertible senior notes due 2018".

Business

JetBlue makes historic flight to Cuba

Secretary of Transportation Anthony Foxx said at the time of the approval. The arrangement also provides each country's airlines with the opportunity to operate up to 10 daily roundtrip flights between the USA and each of Cuba's nine global airports, other than Havana, for a total of 90 daily roundtrips.


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