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Rupee softens 12 paise against dollar in early trade

This is the biggest one-day fall in the rupee since August 3, 2016. Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July. The benchmark six-month premium for February slumped to 176-178 paise from 180.5-182.5 paise and the forward August 2017 contract also drifted to 364-366 paise from 370.5-372.5 paise yesterday.

Business

How the Wells Fargo Unauthorized Accounts Crackdown Affects Customers

The CFPB estimated the practice may have resulted in as many as 1.5 million deposit accounts and 565,000 credit cards that might not have been authorized by customers. Wells Fargo regularly releases numbers about how many products it sells to customers, a practice it calls "cross-sell". Because money was removed from customers accounts they were charged for overdraft fees or fees for insufficient funds.

Business

Chipotle Mexican Grill, Inc. maintained as Neutral By Robert W. Baird

I couldn't agree more with Ackman's belief that Chipotle's stock is " undervalued " and an "attractive investment". Pershing Square is known in the restaurant industry as an activist investor who often pushes for significant change. coli and norovirus outbreaks were linked to it. This move is likely to reignite efforts to stir restaurant retailer's nine-person board, which has been under criticism for its lethargic response toward the company's food-safety crisis and lack of different ...

Business

Hanjin Shipping to pay handlers to unload US-bound ships

The court has prevented Hanjin ships being seized if they enter USA ports, but Samsung has also asked the judge to order the ships be allowed to leave port once unloaded and for cargo holders to recover their property. Singapore-based crop shipper Agrocorp International said DP World, terminal operator at Port Metro Vancouver, last week held 24 containers, or 660 tons, of its Canadian lentils that were bound for India and Bangladesh, demanding a release fee of $450 per container.

Business

Bill Gates dethroned as world's richest by Zara founder

Amancio Ortega is the Spanish magnate who created Zara, and in doing so, he made himself the richest man on the planet. It is not the first time Ortega has topped the list. Zara has over 2,100 stores that span across 88 different countries, and its brand value of $10.7 billion comes in at No.53 on the Forbes list of World's Most Valuable Brands .

Business

Campaign frenzy begins as early voting starts

Tim Scott told them that a vote for the Republican nominee is a vote for "hope". He again touted his school-choice policy prescriptions, and continued denouncing Democratic politicians for not taking care of black constituents in "the inner cities".

Business

US Congress votes to allow 9/11 families to sue Saudi Arabia

The House is expected to vote on a bill - called the Justice Against Sponsors of Terrorism Act - that would prevent countries accused of having ties to terrorism from invoking sovereign immunity in court. The White House has strongly argued against the legislation, cautioning that it could ruin relations with a key USA ally in the Middle East and set a new precedent that could jeopardize US diplomats who now enjoy immunity in foreign countries.

Business

Do more heads need to roll at Wells Fargo?

Wells Fargo found that employees had opened more than 1.5 million bogus deposit accounts alone from 2011 to past year, resulting in millions of dollars in customer fees while helping bank employees meet sales targets and receive bonuses. The average amount each customer received is $25, and the amount Wells Fargo sent out at that time totaled $2.6 million. If you're anxious you might have incurred fees as a result of Wells Fargo opening an account for you without your knowledge or ...

Business

FAA Issues Warning About Fire Risk Tied to Samsung Phone Batteries

CPSC also said it is working quickly to determine whether a replacement Galaxy Note7 is an acceptable remedy for Samsung or their phone carriers to provide to consumers. United, Alaska Airlines and others said that during pre-takeoff safety demonstrations, flight attendants would ask passengers not to use the Galaxy. In February, a UN aviation panel recommended that nations adopt a temporary ban on cargo shipments of rechargeable lithium batteries on passenger airlines, although the policy ...

Business

New PS4 (slim): Release date, specs and everything you need to know

With Black Friday approaching, you can expect a few more deals to start creeping in soon. All you have to do is press the button on the controller and the videos or screenshots will be captured in higher resolution when the game is running on the PS4 Pro console.

Business

Hewlett-Packard Enterprise Sells Software Unit

As part of that process, Whitman past year split HP's operations focused on selling business technology products from its personal computer and printer operations. If all goes as anticipated, it should close sometime between April and October next year. " HPE will no doubt be glad to see the back of Autonomy , which it acquired in 2011 in one of the worst deals in recent corporate history".

Business

Oil prices up in world market

Energy Minister Noureddine Bouterfa traveled to Moscow on Thursday, following recent trips to Qatar and Iran . With the market predominately controlled by the news this week, crude oil traders have been forced to deal with a considerable amount of volatility.

Business

Dakota Access Pipeline Case: Federal Judge Denies Tribe's Request to Halt Construction

Gulf Coast. As detailed in a report just released by Food & Water Watch, the Standing Rock Sioux are not just up against the oil and gas industry and the federal government in their battle against the environmentally destructive pipeline that threatens the Tribe's sacred sites.

Business

North Dakota tribe's request to stop work on Bakken oil pipeline denied

The 1,172-mile project will carry almost a half-million barrels of crude oil daily from North Dakota's oil fields through South Dakota and Iowa to an existing pipeline in Patoka, Illinois. Thousands of people from more than 200 Native American tribes have supported the Standing Rock Sioux's efforts to protect their lands, waters and sacred sites during construction of the pipeline, according to the tribe.

Business

German jitters weigh on stocks, ECB doubts lift yields

New Zealand shares closed in the red for a second day running as investors locked in some recent gains. However, the bank stopped short of confirming a specific extension of its €80-billion monthly asset purchases, reaffirming its existing line that they would continue until next March or beyond if necessary.

Business

Sony Confirms PlayStation 4 Pro Will Not Have Paid Patches

Sony also pointed out that all games will support 4K, but not all will support 4K and HDR at the same time. Original story: Many existing PlayStation 4 games will be patched to add support for the PlayStation 4 Pro's increased power and high dynamic range (HDR) color features.

Business

Dollar General to open Caruthers store

Dollar General operates more than 13,000 stores in 43 states. It is one of the fastest growing box stores of its kind and a year ago netted $5.26 billion, according to Dollar General. The new stores are about12,000 square feet, compared to a traditional Dollar General format that is some 9,100 square feet. "Meeting our customers' needs is our top priority when choosing store locations", Dan Nieser, Dollar General's senior vice president of real estate and store development, said in a ...

Business

Air travellers on Samsung phone honour system after fires

It is very unusual for the FAA to warn passengers about a specific branded product. Australia is among countries with airlines that have banned travelers from bringing Galaxy Note 7 handsets on planes. He said the airlines could act on their own to bar the phones, as they did a year ago with hoverboards. United, Alaska Airlines and others said that during pre-takeoff safety demonstrations, flight attendants would ask passengers not to use the Galaxy.

Business

Indianapolis joins in on Dakota Access Pipeline protests

U.S. Judge James Boasberg has said he'll rule by September 9 on a request from the Standing Rock Sioux tribe for an injunction that would stop construction on the pipeline while their lawsuit against the $3.8 billion project unfolds. The Standing Rock Sioux Tribe's lawsuit challenges the Army Corps of Engineers' decision to issue permits for the pipeline, arguing it violates the National Historic Preservation Act.

Business

SLI issues open letter to Sports Direct as it votes against board

The shareholder gathering was later told that Keith Hellawell, perhaps best-known as a former government drugs' tsar and chief constable of West Yorkshire, would quit next year if he failed to win significant support from investors. Mr Hellawell's words at the AGM did nothing to appease Standard Life Investments, the firm's second largest shareholder. The tour of the Shirebrook facility was created to give people a glimpse into the usually secretive facility, which had been compared to a ...

Business

Wells Fargo to pay $190 million to settle customer fraud case

The Consumer Financial Protection Bureau (CFPB) [official website], a federal agency entrusted with consumer protection in the financial sector, announced [press release] on Thursday a $100 million fine against banking giant Wells Fargo [corporate website] for widespread illegal sales practices.

Business

Wells Fargo employees fired over 2 million phony accounts

They set up sham accounts that customers learnt about only after they started accumulating fees. The bank will not admit any wrongdoing. This "disgusting" fraud by Wells Fargo under Stumpf's leadership is just "one more choice by a person in charge that hurts the trust of the public", Shiffer tells TheDCNF.

Business

Old Firm derby talking points

Whether we were playing Rangers , Aberdeen, St Johnstone, Hearts, whoever we play at home, the objective going into the game is to win. When asked whether he had the same confidence this time, Miller said: "It's a different challenge. Rangers start to the season has been mediocre to say the least, playing against three out of the four teams that finished in the bottom half of the Premiership last season.

Business

European Central Bank keeps interest rates, QE parameters unchanged

Asian shares have tracked the U.S. lower this morning, further pressured by reports that North Korea had conducted a nuclear test. That evidence included data on Thursday showing China's imports rose unexpectedly in August for the first time in almost two years, suggesting domestic demand may be picking up.

Business

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) Becomes A Growth Company

They now have $14.00 price target on the stock, down from their prior price target of $17.00. Also, CEO Paul Black sold 15,000 shares of the stock in a transaction that occurred on Monday, June 13th. had its "outperform" rating reiterated by analysts at Cowen. LS Investment Advisors LLC increased its position in shares of Allscripts Healthcare Solutions by 65.2% in the second quarter.

Business

Tourists stuck in French Alps cable cars rescued

After a night in the frozen dark, dangling at an altitude of 3,800 metres (12,500 feet), the string of cars lurched into movement at around 8 am (0600 GMT). "The extent of this rescue operation is simply unbelievable", said Col. Frederic Labrunye, commander of the provincial gendarmerie group of Haute-Savoie.

Business

Yellen nudges up traders' view on year-end USA rate hike

Her latest speech continues to point more toward a Federal Open Market Committee (FOMC) rate hike, rather than not hiking. The price of gold surged on Friday afternoon, despite the fact that Federal Reserve chair Janet Yellen hinted that a rise in interest rates could be on the cards soon.

Business

Protesters opposing oil pipeline march in Indianapolis

It argues the project threatens water supplies and has already disrupted sacred sites. A section of the pipeline is planned to be bored under the Missouri River and run less than a mile from the tribe's reservation boundary. Archambault was scheduled to speak later Friday. About a dozen Guard members are manning a traffic information point on State Highway 1806 to free up law enforcement to have a visible presence near the protest site.

Business

More questions than answers in woman's death in trunk

She was hit in the head and locked in her auto boot, but managed to use her mobile phone to call her husband and report the abduction. Knezovich told the Spokesman-Review people should not call her death a homicide "until we actually find out what is going on".

Business

Pacquiao backs Duterte after Obama bust-up

President Barack Obama hung over part of the ASEAN meetings, after Duterte used foul language in relation to a planned meeting between them. Mr Duterte caused outrage earlier in the week for saying the slur against the US President after Mr Obama pledged to ask about alleged extrajudicial killings by Filipino government forces in their war on drugs.

Business

Wells Fargo Bank Fined $100 Million for Illegal Practices

Additionally, Wells Fargo will have to refund affected customers-the CFPB expects those charges to total at least $2.5 million-and hire an independent consultant to conduct a thorough review of the bank's procedures. Employees also applied for 565,000 credit cards without customer permission, also resulting in fees for customers who had no idea the card was opened in their name.

Business

Computer problems cause widespread delays according to British Airways

Some shared pictures of the handwritten boarding passes they had been given. There seem to be no cancellations so far, however. A professional poker player from London indicated that she was queued for her flight in Las Vegas for more than two and a half hours.

Business

Europe lower, Asia mixed after ECB keeps policy unchanged

The bank's governing council voted to keep the benchmark refinancing rate at zero percent, while the rate on the marginal lending facility remains at 0.25 percent and the bank deposit rate at -0.4 percent. "A rate hike in September is highly unlikely", said Hiroko Iwaki, senior bond strategist at Mizuho Securities. Meanwhile, the dollar rose 0.2 percent to 102.73 yen.

Business

Instant Analysis: What Nintendo's Mario on iOS Means

Prior to the announcement and subsequent success of Pokemon Go (which was developed by third party Niantic Labs), Nintendo had indicated that it would aim to introduce new properties for mobile rather than build around its established franchises.

Business

North Dakota tribe's request to stop work on pipeline denied

The tribe sued the U.S. Army Corps of Engineers, saying it inappropriately put Energy Transfer Partners' permit application for the new route on a fast track to approval. The Corps did not immediately return a call seeking comment Thursday evening. A separate lawsuit filed Thursday by a South Dakota tribe also challenges the decisions to grant the permits.


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