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Facebook under fire after censoring 'napalm girl' photo

The social media giant erased the iconic photograph , showing children running from a bombed village, from the Facebook pages of several Norwegian authors and media outlets, including top-selling newspaper Aftenposten . "Our solutions won't always be flawless, but we will continue to try to improve our policies and the ways in which we apply them". Espen Egil Hansen, editor-in-chief of the Aftenposten , the country's biggest newspaper, has published a long tirade against Mr Zuckerberg ...

Business

Asian stocks mixed after European Central Bank stays pat

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.6 percent after touching a 13-month high on Thursday, mirroring the slide in the MSCI's all-country world index .MWD00000PUS . USA bond yields also hovered around their highs of the week, with the 10-year bond yield rising to 1.6210 per cent. They would be reverting back to a similar mindset to December 2015 and raise because they had to save face.

Business

Asian shares slip after ECB disappointment, oil jumps

The declines shrank gains for the week to 2.3 percent. Japan's Nikkei closed flat after pulling back earlier on reports of the North Korean nuclear test. It is set for a 1.1 percent rise this week. With the European Central Bank out of the way, the focus will shift back to the Fed's policy meeting later this month.

Business

Formula One set for major changes after multibillion-dollar takeover

While Formula One has struggled to crack the United States market, A it generated $1.3 billion from TV rights and other revenue sources including race-hosting fees in 2014, the most recent year available, according to filings at the UK's Companies House.

Business

Navy's futuristic destroyer makes port call in Rhode Island

The ship also has advanced propulsion systems and is "much larger than today's destroyers", according to the Zumwalt public affairs office. The most advanced USA surface warship ever built departed the Bath Iron Works in ME on Wednesday to start a three-month-long journey to its homeport of San Diego, California.

Business

Airline Shares Jump as Southwest Eases Fears About Overcapacity

The Relative Volume of the company is 0.86 and Average Volume (3 months) is 7.51 million. Van De Ven Michael G accumulated 4,200 shares in the company at a per-share price of $35.77 and ended up spending $150,230 in the investment. McDonald's Corp. (NYSE:MCD) is valued at US$101.3 Billion and has recently risen 1.23% to US$117.25. The average volume stands around 7.51 million shares.

Business

Mkts see no U.S. rate hike in Sept despite Yellen's hints

Meanwhile, the Commerce Department reported Friday that USA gross domestic product rose 1.1% in the second quarter, below a previous estimate of 1.2%. The group of policy activists, labor unions and community groups has been lobbying the Fed since 2014 to keep rates low to allow the economy to strengthen enough to benefit more Americans.

Business

IAEA: N. Korea's nuclear test deeply troubling and regrettable

Monday's latest ballistic missile launches were met with a UNSC statement of condemnation warning of "further significant measures". That marked Pyongyang's fifth nuclear test in defiance of United Nations resolutions that ban the country from conducting nuclear tests or carrying out ballistic missile launches.

Business

Mexico's Finance Minister Steps Down After Trump Trip Backfires

The spectacle of the Mexican president standing next to the Republican candidate who has disparaged Mexicans prompted widespread dismay and anger here, and reportedly divided Mr. Trump's visit backfired on the president, with Mexicans voicing outrage that a United States politician who has branded Mexican migrants as "rapists" would get such a prestigious invitation.

Business

G20 Summit: Narendra Modi raises issue of black money, tax evasion

Prime Minister Narendra Modi on Sunday stressed to China's President Xi Jinping that it was of "paramount importance" for bilateral relations that Beijing respected India's concerns on key strategic issues. Modi's comments at G20 come against the backdrop of escalating war of words between India and Pakistan in the aftermath of the continuing unrest in the Kashmir Valley that broke out on July 8 after Hizbul commander Burhan Wani was killed by security forces.

Business

Sports Direct scraps zero-hours contracts and "six strikes" policy

The Labour MP for Hartlepool called for a wider, more independent review of corporate governance practices at the company. " Sports Direct's reputation has been dragged through the mud and its share price has taken a hammering". The retailer also said that its warehouse staff will be paid above National Minimum Wage following a review into its working practices . "Shirebrook and Sports Direct are a symptom of a malaise in our society in the way in which we have a lack of respect for ...

Business

ICICI Prudential Life's Rs 5000 cr IPO to open on Sep 19

This would be the biggest initial public offering after Coal India. Shares of ICICI Bank were trading at Rs. 270.30 at around 2:10 p.m. on Friday, down 0.74 percent from their previous close on the Bombay Stock Exchange. ICICI Bank has around 68 per cent stake in the insurer, while that of Prudential is 26 per cent. The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore.

Business

Enbridge And Spectra Merger Creates Biggest Energy Infrastructure Company In North America

The combined company will become North America's largest energy infrastructure company with assets approaching $100 billion, a total of 30,320 km of liquids pipelines, 165,000 km of natural gas pipelines, and more than 3.5 million customers.

Business

Pliskova stuns Serena to reach US Open final

First new World No. 1 since 2012 . Pliskova upset a hobbled Williams in the first semifinal Thursday, which clinched No. 1 for Kerber - who was doing all she could not to think about ascending to the top of the rankings as she prepared to take the court.

Business

UK fraud office charges 3 over Tesco profits overstatement

Despite the ongoing criminal investigation Mr Scouler joined telecommunications group Talk Talk in March 2015 after being hired by Dido Harding, who was a former Tesco colleague. It added that the allegations facing the men related to activity between February 2014 and September 2014 and it was yet to conclude its inquiry, which began nearly two years ago.

Business

Former intel briefer: 'Wildly unlikely' Trump account correct

And it just seems to me that what they said, President Obama, and Hillary Clinton , and John Kerry, who is another total disaster, did exactly the opposite. And the first time a presidential candidate has ever politicized a national intelligence briefing. "Not so much from the people that have been doing it for our country", Trump said.

Business

Pub companies at loggerheads over impact of Brexit

Before exceptional items, pre-tax profit was 80.6 million pounds, compared to 77.8 million pounds a year ago. Wetherspoon shares were up 5% and Greene King down 5%. Greene King shares were down 4.5 percent at 803 pence. Larger peer Greene King, which is also a brewer, said it remains confident of delivering another year of strategic and financial progress, but it is alert to a potentially tougher trading environment ahead as a result of Brexit.

Business

Court Calls for More Hanjin Funding

South Korea's Hanjin Shipping Co has been keeping up with its rent payments for the use of wharfs at Kaohsiung Port, even though the container carrier has applied for bankruptcy protection in the United States, the Ministry of Transportation and Communications said yesterday, adding that it would meet with Taiwanese shipping firms today to determine how they would respond to the changing circumstances.

Business

Mark Zuckerberg Gives Pope Francis Model Of Facebook's Solar-Powered Aquila Drone

Though he admitted to not owning a mobile phone or using a computer, according to the Catholic News Agency , Pope Francis created his Twitter account in 2012 and his Instagram account March 19. He added this was a meeting they will never forget. After discussing the importance of connecting people in the world without internet access, Zuckerberg presented the Pope with a drone - but, alas, not a working one.

Business

MasterCard faces $18.6 billion UK lawsuit over fees

The European Court of Justice declared that such fees were a violation of EU anti-trust rules in 2014. Law firm Quinn Emanuel said the lawsuit was the largest damages claim in British history and would be brought under a law meaning consumers would automatically be claimants unless they opt out.

Business

North Korea conducts fifth and largest nuclear test: South Korea and Japan

After that test, some analysts said the country likely needed only a couple more test explosions before acquiring a miniaturized warhead that could be mounted on a long-range missile. Another nuclear test would be the latest in a long series of events that test the current worldwide approach to trying to contain the North's nuclear ambitions.

Business

Best stocks of the day: Spectra Energy Corp. (NYSE:SE)

The consideration to be received by Spectra Energy shareholders is valued at United States $40.33 per Spectra Energy share. Stifel Nicolaus lifted their price objective on shares of Spectra Energy Partners, from $50.00 to $55.00 and gave the company a buy rating in a report on Thursday, August 4th.

Business

Royal Caribbean gets show of support

The stock failed to cross $68.68 in Wednesdays trading. While the value investor may see an opportunity to scoop up the stock at lower levels, for now, the stock price is moving sharply lower. Royal Caribbean Cruises Ltd. has a market capital of 15444.22 at the moment and a profit to earnings ratio of 19.77. The stock is a Buy among 14 brokerage firms polled by Factset Research.

Business

Russian Federation and United States could strike Syria deal within days: Vladimir Putin

Leaders of the G20, the world's biggest developed and emerging economies, have agreed to oppose protectionism, Chinese President Xi Jinping said Monday. There was also progress was in commitments to protect the environment. Australia and Russian Federation are seeking a counter-terrorism memorandum of understanding, which both leaders said they would work quickly to conclude.

Business

United Kingdom trade deficit narrows in July as exports rise, ONS reveals

Construction output was unchanged in July compared with June, the Office for National Statistic said Friday. The previous Labour leader, Ed Miliband, pledged to end the "epidemic" of zero-hours contracts in the 2015 general election campaign and singled out Sports Direct as a "terrible place to work" because of its liberal use of zero-hours contracts.

Business

Shooter Dies After Injuring 2 at Texas School

A student at the school, whose friend was shot, told CBS 7 , 'There was blood all over the hallway' . Dodson says the 14-year-old later died of an apparent self-inflicted gunshot wound. An officer was also injured by friendly fire while responding to the shooting. At some point after the exact scene of the shooting had been secured by the deputy but before it was confirmed that there was only one suspect, other law enforcement officers from other agencies flooded the building in order ...

Business

CFPB levies $100 million fine against Wells Fargo

On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts, without their customers knowing it, since 2011. They also created fake email accounts and PIN numbers to sign customers up for new accounts, most of which were unnoticed or closed shortly after opening.

Business

What Enbridge Saw in Spectra Energy to Prompt Buy

That is compared with the $0.23 in earnings per share it reported during the same period previous year. "Companies that rely on expanding infrastructure and resources haven't been allowed that for years". SEP has been the subject of a number of other research reports . Enbridge Energy Partners , L.P. (NYSE:EEP)'s highest estimates of price target are $28.00 and low forecast is $20.00 based on the opinion of 8 analysts.

Business

Governments must do more for economy — European Central Bank

No change would result in a "de facto" deviation from the capital key in Germany, Finland, Portugal and Ireland, causing "tapering" in these countries, while increasing purchases in other countries (according to the capital key). Some analysts thought the bank might commit to a longer program. With a wide variety of issues troubling the region, the central bank nevertheless held fire during a regular monetary policy meeting Thursday, keeping its benchmark interest rate at zero.

Business

Hillary Clinton and Donald Trump in Four Tight Battleground Races

In fact, he and Cavuto found the time to go into a discussion about the possibility of profiting from the war. "You've got to make sure you're doing it to both candidates with the same set of rules", Jamieson said . And, in part because of her own high unfavourable ratings, observers say she can not adopt the "run out the clock" strategy she has employed in recent weeks.

Business

Karnataka gears up for shutdown over Cauvery water release

IT giants Wipro, Infosys and about 400 multinationals have declared a holiday. Many passengers who had to board trains or flights during the day rushed to railway stations and airports in the early hours before the 12-hour shutdown began at 6 a.m.

Business

Tusk tells May 'ball in United Kingdom court' to get Brexit rolling

German vehicle manufacturers, Italian manufacturers of consumer white goods use the City of London ", Hammond said. The financial sector, which represents more than 10 percent of Britain's economy, is anxious that it will lose "passporting" rights to do business across the single market.

Business

Twitter Is Dragging Matt Lauer For #LaueringTheBar at the Presidential Forum

Still, we didn't find extensive Libya comments from him, making Clinton's claim Mostly True . "We have got to take them on in the arena of ideas", she said, adding that partnering with Muslims was essential for that. She says she will not divulge what she was told by experts tasked with briefing presidential candidates. The picture for smaller slices of the electorate can change slightly with Johnson and Stein factored in -- for example, Trump's lead among independents falls to five points ...

Business

Sony bids to expand console market with new PlayStation 4s

In addition, the PS4 Pro will support PlayStation VR, once it releases in October. Remedy's PR manager Thomas Puha has offered a comment about PS4 Pro and the way it is going to handle 4K graphics. If you don't yet have a current generation console, the PS4 Pro is only $50 more than the 1TB PS4. Both Sony and Microsoft have things working in their favor here, but it'll be interesting to see if all of this leads to even more success for Sony or perhaps a leveling out effect that brings the ...

Business

North Korean leader Kim Jong-un demands 'miraculous achievements' in nuclear development

Security Council resolutions and further strengthen our efforts to seal the loopholes and sanctions implementation". In Laos today after a bilateral meeting with South Korea , Obama said it was a pleasure to meet with Park and her delegation.


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