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Business

Donald Trump Celebrates St. Mother Theresa: 'There Was Nobody Like Her'

The day of Mother Teresa's canonisation should be celebrated as one to ensure the betterment of the lives of the poor and the sick. Christopher Hitchen's documentary pointed to her relationships with dubious figures all around the world, including Haitian dictator Jean-Claude Duvalier and the corrupt American financier Charles Keating.

Business

Goodbye, headphone jack: Apple iPhone 7 ships with Lightning headphones and dongle

The event kicked off with Tim Cook and James Corden in a nod to Carpool Karaoke , before Mr Cook took to the stage to begin the big reveal of what he described as "the most advanced iPhone ever". One new killer app coming to the Apple Watch is " Pokemon Go ", the hit augmented-reality smartphone game from Niantic. Comes down to one word. It's not an Apple Car, but it was a huge crowd pleaser.

Business

Authorities to build up presence before oil pipeline ruling

Th pipeline route, which would cross through North Dakota, South Dakota, Iowa and IL if completed, disturbs sacred tribal land, according to Standing Rock Sioux tribe leaders. Morton County Sheriff Kyle Kirchmeier said law enforcement officers pulled back from responding to a report of 150-200 protesters gathered at a building area on private land because they determined it wasn't safe to respond.

Business

Apache may have struck big in West Texas

The operator now holds more than 300,000 net acres, about two-thirds of the estimated 450,000-acre field. "These efforts have resulted in the identification of an huge resource that we believe will deliver significant value for our shareholders for many years", he said.

Business

Intel to spin out cybersecurity unit, sell stake in business to TPG

But mainly, Intel, which announced plans last spring to lay off 12,000 employees, has been focusing its efforts on its data center business and emerging Internet of Things initiatives. It looks after more than 250 million endpoints and "secures the footprint" for almost two-thirds of the world's 2000 largest companies, according to Intel.

Business

S&P, Dow slightly lower as key Fed report awaited

Analysts say the Federal Reserve has been prepping the markets for a possible hike in December. The stock was the top percentage gainer on the Nasdaq. "Most people's two-year contracts are nearing the end, so I think the iPhone 7, just from a replacement basis, will be a successful launch", Mike Binger, senior portfolio manager at Gradient Investments in Minneapolis, told Reuters .

Business

Oil Trades Near $45 as Saudi Arabia, Russia Fall Short of Freeze

Speculation has mounted in the past month that OPEC nations and Russian Federation may reach an agreement to freeze production when they hold informal talks in Algiers at the end of the month. European stocks touched an eight-month high as oil and mining firms grabbed what at one point was a 5% leap in crude prices, which was later reduced.

Business

USA stocks rally after Yellen's speech

Vice Chair Stanley Fischer suggested on CNBC that a rate hike as soon as next month was possible. Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped $4.55, or 0.34%, to trade at $1,322.55 by 8:40AM ET (12:40GMT).

Business

Elon Musk: New setback as SpaceX rocket goes up in flames

The founder of SpaceX rocket Elon tweeted that Loss of Falcon vehicle today during a propellant fill operation. The cause of the explosion is yet unknown. Last October, Zuckerberg unveiled on Facebook their first project to deliver the Internet from space. The genius innovator has shows considerable ability to handle adversity in the past and despite the fact that this explosion could set back a Falcon 9 launch by weeks or even months, Musk will learn and be better prepared next time.

Business

Defense Secretary: US Will Not Ignore Russian Interference

His comments risk souring an already tense diplomatic standoff between the two military superpowers, who are involved in ongoing talks over the future of Syria. "It lashes out, alleging that it fears for its own viability and future, even though no nation - not the United States, not the United Kingdom - seeks to defeat it or constrain its potential", he said.

Business

Libertarian presidential candidate gets place on CT ballot

Johnson has to say. One of Virginia's top newspapers endorsed Libertarian Gary JohnsonGary JohnsonPoll: Clinton's lead shrinks to 2 points nationally Virginia newspaper endorses Gary Johnson Johnson: "Dire consequences" for campaign if he misses debates MORE for president Saturday.

Business

CNN Highlights Critic of Mother Teresa, who was Canonized This Week

In 1950, she established the Missionaries of Charity, a Roman Catholic Latin Rite religious congregation which is now active in more than 200 countries. The low turnout suggested that financial belt-tightening and security fears in the wake of Islamic extremist attacks in Europe may have kept pilgrims away.

Business

Apple boss slams European Union chiefs for "picking on Ireland" over tax deal

The EU's antitrust regulator Tuesday demanded that Ireland recoup roughly €13 billion in taxes from Apple, alleging that arrangements the government offered the company in 1991 and 2007 allowed it to pay around 1% to nearly zero tax on its European profits between 2003 and 2014.

Business

ITT Technical Institute Closes Campuses Nationwide

Completely removing federally funded students from the candidate pool was expected to have a devastating impact on the Indianapolis-based operation. When did ITT's problems first come to light? In announcing those actions, federal education officials said ITT is "not in compliance, and is unlikely to become in compliance" with accreditation criteria.

Business

Danaher to buy Cepheid for about $4 billion, including debt

The company reported the earnings of $0.9/Share in the last quarter where the estimated EPS by analysts was $1.23/share. Looking five years out, the company is projecting roughly $0.30 in EPS accretion. Nordea Investment Management AB boosted its position in shares of Danaher Corp.by 16.0% in the second quarter. Danaher Corporation (NYSE:DHR) had its target price raised to $91 by Barclays Capital in an issued report issued 9/7/2016.

Business

United States rate hike 'makes sense now', says Fed official

Goldman now says there is a 55% chance that the Fed will raise rates in September, up from a 40% chance it had been predicting before Friday's jobs numbers. The yield on the two-year Treasury note, the coupon maturity most sensitive to Fed policy expectations, fell six basis points, or 0.06 percentage point, to 0.73 per cent as of 5pm in NY, according to Bloomberg Bond Trader data.

Business

Reliance Jio 4G Plans

The Central Government's Digital India concept and the Smart Cities concept seem to be easy in achieving with the announcement of the Reliance Jio offers yesterday. Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL), India's private sector company, is the first telecom operator to hold pan India Unified License.

Business

US job openings jump to record high in mixed signal to Fed

On Wednesday, Sept. 7, 2016, the Labor Department reports on job openings and labor turnover for July. Monthly job openings - a gauge of the USA economy that's closely watched by Janet Yellen - increased in July, the Bureau of Labor Statistics said on Wednesday.

Business

Star-studded Louisiana flood concert raises $800K and counting

Randy Jackson and Harry Connick Jr . have agreed to co-host the show, which will benefit victims of recent South Louisiana floods . The live show will be carried on all Raycom Media stations, other groups with stations participating are the ABC Owned and Operated Stations, Hearst Television, Sinclair Broadcasting Group, Cordillera Communications, Meredith, Graham Media Group, and Cox Media Group round out an impressive list of 91 markets in total.

Business

Economists still expect Singapore GDP growth of 1.8% for 2016: MAS poll

In 2016, economists expect the growth in the manufacturing sector to be up 0.7 per cent from no growth expectations in the previous June survey, while wholesale and retail trade is now expected to grow by 2.1 per cent this year, marginally up from the 2 per cent growth.

Business

2 laid-off ITT Educational employees file federal lawsuit

As many as 8,000 ITT employees will lose their jobs as a result of the shutdown, the company said. Students, faculty and staff at the 130 ITT Technical Institute campuses across the United States, including two in the Bay Area and another dozen in California, got the distressing news on Tuesday that the embattled company was shutting down its network of for-profit trade schools.

Business

Energy Infrastructure Firms Enbridge And Spectra Enter $28B Merger

Spectra Energy operations include 21,000 miles of natural gas and crude oil pipelines; 300 Bcf of natural gas storage; 4.8 million bbl of crude oil storage; as well as natural gas gathering, processing, and local distribution operations. Spectra Energy shares rose $2.10 (+5.81%) to $38.25 in premarket trading this morning. In the eyes of Spectra CEO Greg Ebel, who will become chairman of Enbridge following the deal, the merger will create "what we believe is the finest platform for serving ...

Business

ONGC Q1 net profit falls 21% at Rs 4232 crore

The profit in this segment stood at Rs 9 crore as against a loss of Rs 397 crore in the corresponding period of past year. This resulted in revenue increase in this segment by 95% to Rs. The company has beaten street expectations by reversing the trend of negative topline growth prevailing for the last 14 straight quarters. For the June quarter, load factor stood at 92.5 per cent, the fifth quarter in a row when loads have been above 90 per.

Business

Merkel's CDU loses to anti-immigrant party

He noted that the state of Mecklenburg-Vorpommern has around 1.3 million voters, the highest youth unemployment rate of all German states, a high poverty rate and that "the extreme right-wing party, NPD (National Democratic Party), has been member of the regional parliament for ten years".

Business

Beck Capital Management Lowers stake in JetBlue Airways Corporation (JBLU)

Now the company has earned "Buy" from 5 equity analysts. 10 number of analysts also provided their insight on JetBlue Airways Corporation, where the Average Price Target for the stock is $22.7. These analysts have also projected a Low Estimate of $0.53/share and a High Estimate of $0.62/share. Some analyst provided their insight on Growth Estimates; JetBlue Airways Corporation has the Current Quarter Earnings Growth rate of -1.7%.

Business

Analysts showing optimistic trends for: Exxon Mobil Corporation (NYSE:XOM)

Back on July 29, 2016, it posted earnings per share at $0.41 which missed the consensus $0.64 projection (negative surprise of-35.9%). $-0.46 and $-0.46 were given as the EPS estimates for between seven and 30 days. As competitors continue to flood the world market with a liquefied form of the fuel, depressing prices, Exxon is heeding the advice of forecasters scanning a quarter-century beyond the current glut.

Business

Judge Halts Parts of Dakota Pipeline, But Not on Standing Rock

The Standing Rock Sioux Tribe is trying to stop construction of a section of the pipeline that tribal leaders say would violate sacred and culturally sensitive grounds. He will rule by Friday on a lawsuit filed by the Standing Rock tribe that would halt construction near Lake Oahe in North Dakota. The pipeline is being built by Energy Transfer Partners ETP, -0.07% nd an affiliate company.

Business

Earnings Watchlist: ENERGY TRANSFER PARTNERS (NYSE:ETP)

Energy Transfer Equity L.P. (ETE): The consensus price target for Energy Transfer Equity L.P. (ETE) is $18.38 for the short term with a standard deviation of $6.21. Zacks Investment Research cut Energy Transfer Equity L.P. from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 10th.

Business

Will Apple get rid of headphone jack in new iPhone?

Many predict that today's keynote event will be all about the iPhone 7 ahead of its expected release date later this month. The speculation is it will be the same with the model due to be revealed on Wednesday in San Francisco . Apple has not said anything about its plans for next year. You can buy a Lightning-to-headphone-jack adapter, allowing you to plug an old-fashioned pair of headphones - or any other audio device that uses the standard headphone jack - into your iPhone 7.

Business

Trump to call for eliminating the sequester on defense spending

There is precedent for presidential candidates to visit the former Ground Zero on the anniversary of the terror attacks. On average , 12.4 per cent of decided voters say they will vote for third party candidates, including Libertarian Gary Johnson.

Business

Trump and Clinton tied, according to polls

Clinton led Trump last week 42 percent to 38 percent in the poll , with Libertarian Party candidate Gary Johnson trailing behind them with 9 percent. The polls are not the only factors that determine support for a candidate, especially in a race like this one. The GOP nominee continues to hold a small lead among voters not affiliated with either major political party, this week leading 36 percent to 28 percent.

Business

Man stabbed outside of Great Baraboo Brewing Company in Clinton Township

Maierle said the victim was stabbed in the lot, walked near the entrance of the establishment and collapsed. Without a struggle, police arrested a 30-year-old township resident at his home near Moravian, north of Metropolitan Parkway, less than an hour later, Maierle said.

Business

Goldman Sachs bans top employees from donating to Trump-Pence campaign

The change was also aimed at minimizing "potential reputation damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules", according to the memo . The highly charged political environment became more onerous as one of the nation's most prominent financial services companies has issued a ban on executives offering financial contributions to the Republican presidential ticket.

Business

Verifone Systems, Inc. (NYSE:PAY)

Vetr cut shares of VeriFone Systems from a strong-buy rating to a buy rating and set a $21.50 price target on the stock.in a research report on Monday, August 22nd. On average, equities research analysts expect that VeriFone Systems will post $1.71 earnings per share for the current year. These analysts have also projected a Low Estimate of $0.25/share and a High Estimate of $0.51/share.

Business

China August forex reserves fall to lowest since 2011

The forex reserves stood at US$3.185 trillion at the end of last month, down US$15.89 billion from the end of July, according to data released by the People's Bank of China on Wednesday. economic data and diminished expectations of a near-term interest rate increase by the Federal Reserve. However, stronger market expectations for a United States rate hike by the year's end have put the currency under pressure again, the report said.


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