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Business

British Airways computer problems at Sea-Tac, other airports

Later, British Airways said some flights had been cancelled on Monday "due to operational reasons" but that specialists were "working to resolve this issue". Ewan Crawford, of Glasgow, said he was at Chicago O'Hare International Airport. Police said the protesters were now in police custody after being arrested on suspicion of aggravated trespass, being unlawfully airside and breaching London City Airport bylaws.

Business

Oil price jumps 5% as Russian Federation and Saudi energy ministers unite

Russian Energy Minister Alexander Novak said Russia and Saudi Arabia were moving toward a strategic energy partnership and that a high level of trust would allow them to address global challenges. USA trading was thin following the long Labor Day holiday weekend. The Organization of the Petroleum Exporting Countries and non-OPEC producers such as Russian Federation will hold informal talks in Algeria on September 26-28, but many in the market are skeptical a deal will happen.

Business

Jobs report gives ammo to Fed sceptics on September rate hike

The Labor Department will release its closely watched employment report on Friday and readings in line with expectations would reinforce views that the economy has regained speed after nearly stalling in the first half of the year. "While it's still a decent pace of job growth, I think the optics of it is not particularly compelling, to the extent that it reflects a sharp deceleration in the pace of labor-market momentum", said Millan Mulraine, deputy head of US research and strategy for TD ...

Business

Farm Overtime Bill Will Have Devastating Impacts

Recent studies show that Golden State farmers and ranchers brought in more than $54 billion in revenue in 2014 despite the state's devastating drought. The bill, which has already cleared the State Senate, now moves on to Governor Jerry Brown , who has until September 31st to sign or veto the bill.

Business

WTF Moments From The Commander-In-Chief Forum

Both candidates believe they have the upper hand, with Mrs Clinton contrasting her experience with Mr Trump's unpredictability and the Republican arguing that Americans anxious about their safety would be left with more of the same if they elect Mr Obama's former secretary of state.

Business

Karnataka Braces For Friday 'Bandh' Over Cauvery Water Release

The union Water Resources Secretary is the Chairman of the Supervisory Committee while the chief secretaries of Karnataka, Tamil Nadu, Kerala and Puducherry are its members, besides officials from the Central Water Commission. According to the award, Karnataka is meant to release 192tmcft of water to Tamil Nadu. Meanwhile, a day-long shutdown was observed in Mandya district to protest against the top court's order to release the water to Tamil Nadu.

Business

Euro Edges Higher As ECB Keeps Rates Unchanged

Draghi has urged governments that have the money to invest more in infrastructure, and to cut back on red tape and regulatory permissions that make it harder to start a business. Facing high unemployment, weak growth and the threat of deflation, the European Central Bank has provided extraordinary stimulus in recent years, cutting interest rates deep into negative territory and pushing the cost of credit to all-time lows, hoping to jump start growth.

Business

Eli Lilly(NYSE:LLY) upgraded from Neutral to Overweight by JPMorgan today

The forecast of 15 polled investment analysts covering the stock advises investors to Buy stake in the company. The stock has earnings growth of 25.10% yoy and showed a low EPS growth of -13.20% over the past five years. Societe Generale issued their verdict on Eli Lilly and Co (NYSE: LLY ) recently. Overweight rating was given by 2 analysts and Underweight rating was given by 0 analysts.

Business

Rowe To Oppose Oracle Deal For NetSuite

The investment firm also said NetSuite should have consulted other potential buyers before settling on a price with Oracle . The offer is conditioned on both the receipt of a majority of shares outstanding and a majority of those not held by Ellison or NetSuite insiders and employees.

Business

Hewlett-Packard Enterprise To Spin Off Assets in $8.8B Deal

With regards to the current deal, Whitman said, "We believe that the software assets that will be a part of this combination will bring better value to both our customers and shareholders as part of a more focused software company committed to growing these businesses on a stand-alone basis".

Business

Mylan announces new cost-saving options for EpiPen users

Democratic Senator Amy Klobuchar, whose daughter relies on EpiPen, has called on the Federal Trade Commission to launch an anti-trust investigation. "The price is what Medicare, Medicaid and insurance companies pay". Shares in Mylan were down almost 2 percent at $42.40 in mid-afternoon trading, after having lost almost 11 percent over two sessions after the furor broke out over EpiPen.

Business

Stocks slip, euro gains as European Central Bank holds line on stimulus

The ECB is expected to extend its trillion-euro bond-buying program beyond March 2017 and announce plans to expand the universe of eligible bonds as part of its efforts to kick-start the euro zone's economy . But the European Central Bank is still far from hitting its primary goal of keeping inflation just below 2%, a target it has missed for more than three years.

Business

While world watches iPhone 7, Apple quietly updates iPad range

There's a lot that is new on the table with the iPhone 7 and iPhone 7 Plus, and we take a look at all the fresh features introduced on the two smartphones. Lastly, the iPhone 7 camera now supports RAW camera API, and wide colour capture API. The new iPhone has been made water-resistant for the first time and has had the headphone jack removed and camera redesigned and improved.

Business

Enterprise Products Partners L.P. (EPD) Downgraded to Buy at Vetr Inc

They also projected Low Price Target as $4 while High Price Target is set at $6. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. now owns 2,000,800 shares of the company's stock valued at $58,543,000 after buying an additional 40,000 shares in the last quarter. "Jim" Teague, CEO of Enterprise's general partner, in a statement.

Business

European Central Bank: Governments must do more to help economy

But its untested and often controversial unconventional measures are still seen as insufficient, so the European Central Bank is widely expected to provide even more stimulus before the end of the year as governments have for years failed to do their part to lift growth.

Business

Gold slips as focus shifts to U.S. payrolls data

Her statements strengthened what many other senior Fed officials had been saying in the days leading up to her speech at Jackson Hole. Federal Reserve Vice Chairman Stanley Fischer said Tuesday the US job market is " very close to full employment " and that an interest rate hike - or a series of them - would be made based on economic signs.

Business

Allina, Minnesota nurses' union return to negotiations

Services such as childbirth classes and tours at Abbott have been canceled in anticipation of a strike, but core services like emergency care will be maintained. The nurses previously held a seven-day strike at these hospitals back in June. 1,500 temporary replacements have been recruited from other hospitals so that Allina hospitals can treat their patients for the period of the strike.

Business

Almost everyone seems appalled by Matt Lauer's presidential forum performance

Clinton argued that Trump was helping the terrorists by describing their efforts as "radical Islamic terrorism", something with which she disagreed. "I took it very seriously", Clinton said. "I could see myself working that". Trump told the forum he was "totally against the war in Iraq" - contrary to some statements he made at the time - and added that "I have good judgment".

Business

Company expands payment breaks, but stands firm on price

Cummings (D). The company said it would take immediate action, including providing a savings card that would cover up to $300 of the cost of a pack of two EpiPens, an increase from the $100 savings card it had been offering. "The financial burden of continuing to do so with the latest price increases is unbearable for our family", says a concerned CT mother. Bresch said something needs to be done about a health care system where those with insurance are paying higher deductibles and the ...

Business

Clinton defends email handling at national security forum

A Trump adviser said the Republican candidate would ensure the additional spending is fully paid for. A document was distributed last night by his campaign as he seeks to convince sceptics in both the major United States parties that he is ready to lead the world's most powerful military.

Business

Obama Laughs Off Trump's Criticism Of His Presidency

Clinton also called the Iran nuclear agreement one of the most important strategic questions and said she does not think the U.S.is being taken advantage of by the Iranian government. Trump, who has campaigned on a platform railing against illegal immigration, also said he had no problem with existing U.S. policy of allowing undocumented immigrants to stay in America if they serve in the military.

Business

European Central Bank projects slow increase in inflation

Draghi had his usual stern words for the structural reform efforts of the region's governments, saying they needed to be "substantially stepped up" to raise productivity, improve the business environment, and boost infrastructure. Real GDP is expected to grow at a moderate but steady pace. The bank repeated its guidance Thursday that it expects interest rates to stay "at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases", a formulation ...

Business

United States generals 'reduced to rubble,' he'd replace some

Too sick to serve then? "Everyone comes in saying they want to reduce wasteful spending", said Todd Harrison, a military budget expert with the Center for Strategic and International Studies. The issue has raised questions about whether she can be trusted to serve as president. "I think my single greatest asset, of any assets I have, is my temperament", Trump declared in North Carolina on Tuesday.

Business

European Central Bank holds off on more stimulus

Instead, he used his news conference to urge governments to do their part. Draghi had his usual stern words to say on the structural reform efforts of the region's governments, describing them as in need to be "substantially stepped up" to raise productivity, improve the business environment, and boost infrastructure.

Business

Hanjin: U.S. Retailers Call for Help

One ship was already seized in Singapore by a creditor last week. Other shipping lines may take on some of Hanjin's traffic - but at a price. While the Japanese aluminum market had limited exposure to the bankruptcy of South Korean container shipping firm Hanjin, there could be long-term impact as shipping of aluminum from the Middle East may take longer than usual due to port congestion, Japan market sources said Friday.

Business

Samsung recalls over 50000 Galaxy Note 7 phones across Australia

Samsung agreed to replace the handset and pay the full hotel bill, but the real damage is to the company's reputation and that of the Galaxy Note 7. After discovering "isolated battery cell issues", the South Korean smartphone maker has made a decision to recall all Galaxy Note 7 devices it has sold since the August 2 global launch.

Business

Green Party Candidate Stein Charged in Connection With DAPL Protest

Stein, 66, was allegedly caught on video spray painting a bulldozer at a construction site, during an environmental protest against an oil pipeline there. We've always been peaceful", Hall said to the Herald. The activists scored a victory Tuesday when a federal judge issued a temporary, limited order halting some of the project's construction.

Business

Brokerage Firm Rating Update on M&T Bank Corporation (MTB)

The company has a market cap of $44.48 billion. The 52-week high for The Bank of New York Mellon Corporation stands at -6.41% while the 52-week low stands at 29.39%. Realty Income Corporation (NYSE:O) surged +1.21% and closed the trade at $ 67.99. The trading activity of 4.47 Million shares climbed down over an average volume of 5.81 Million shares.

Business

Casey's General Stores Profit Rises, But Results Miss Expectations

Company has a market cap of $5,145 M. Casey's General Stores Inc. will soon open its first store in OH, which would mark the convenience store retailer's entry into its 15th state, Terry Handley, president and CEO, stated Tuesday during prepared remarks following the release of its 2017 fiscal first-quarter earnings.

Business

Trump not qualified to be president: Obama

He told the audience at the event at the Intrepid Air and Sea Museum in NY they live in a "divided country" before launching an attack on presidential rival Hillary Clinton. "And, you know, the lovely part of getting along, Russian Federation wants to defeat ISIS as badly as we do". On Thursday foreign ministry spokeswoman Maria Zakharova was asked whether the world could expect worldwide relations between Russian Federation and the United States to improve.

Business

Accounts Payable For The Goodyear Tire & Rubber Company (NASDAQ:GT) Is $2643

It has 264.00 million of outstanding shares and its shares float measured at 262.26. Goodyear Tire & Rubber Co makes up approx 0.12% of Great Lakes Advisors's portfolio.Tower Research Capital (trc) boosted its stake in GT in the latest quarter, The investment management firm added 1,286 additional shares and now holds a total of 3,386 shares of Goodyear Tire & Rubber Co which is valued at $99,210.

Business

Federal Reserve Vice Chairman Stanley Fischer Said Negative Rates Seem to Work

She said the case for an interest rate hike has strengthened in recent months as the labor market and economy improved. At the Jackson Hole economic symposium she said that concerns related to weak economic growth in the first half of the year and global turmoil have dissipated, mostly due to "solid" consumer outlays and a job market rebound following a slump in hiring in spring.

Business

Hanjin bankruptcy causes global shipping chaos

But in the meantime, ship running costs can not be covered and dozens of vessels with thousands of containers are tied up in ports, about to be or not being allowed in, with a knock-on effect for customer supply chains and landside container transport and empty container park (ECP) operations.

Business

You Can Bid on the Last Mitsubishi Lancer EVO US#1600 Starting Today

Mitsubishi says that proceeds will go towards Feeding America Riverside & San Bernardino and the Second Harvest Food Bank of Orange County. The auction will take place on eBay tomorrow on September 8 at 9 a.m. A set of dark-chrome Enkei alloy wheels, a matching front grille surround and bi-xenon HID headlights complete the differences. Inside, this special model features black pillars, sun visors, assist handles and headliner, a gloss-black center-console box with a US1600 plaque, red ...

Business

North Dakota's chief archaeologist to inspect pipeline site

US District Judge James Boasberg ordered a temporary halt to construction on a portion of the Dakota Access Pipeline in the state, because he said the US Army Corps of Engineers lacks jurisdiction to build on private property. Tomas Alejo, who participated in Saturday's demonstrations, said in an interview that the security officers had formed a "barricade" with guard dogs to prevent protesters from accessing the bulldozers, and that the dogs bit children and tribal elders.


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