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Hanjin's creditors ready to provide $90 mln in funds-govt officia

Shares of Hanjin Shipping jumped 21 per cent to 1,295 won as of 9:39 am in Seoul trading. Last week, creditors led by the Korea Development Bank rejected a plan by Hanjin Group to spend another 500 billion won ($447.2 million) to rescue the shipping firm, way short of Hanjin Shipping's more than 6 trillion won ($5.37 billion) in debts.

Business

Hanjin allowed to unload some cargo at U.S. ports

Though the judge's order allowed container ships operated by Hanjin to dock in USA ports without interference from creditors, it was unclear if the company could afford to pay for services needed to offload the ships. Sherwood was told that port terminals were not accepting the routine return of empty Hanjin shipping containers from retailers, forcing stores to spend to store them.

Business

Mkhitaryan and Lingard start for United in derby against Man City

At this point, he looks like a mix of the best centre-midfielders to ply their trade in the Premier League combining Roy Keane's engine, with Scholes' passing, Viera's defensive capabilities and Gerrard's all-action approach. "And football also changes in the past years". We speak through our players, through our games, not what we're talking about here. "The rivalry is more the media".

Business

Markets Right Now: US stocks turn higher at midday

Each shareholder will get 0.984 shares of the combined company's stock for each SE share they own. Master limited partnerships for the respective companies, Enbridge Energy Partners and Spectra Energy Partners will, however, continue as separate publicly traded firms.

Business

Colorado Sen. Gardner wants United States to get tough with South Korea

The United States , Britain and France pushed the United Nations Security Council on Friday to impose new sanctions on North Korea over its fifth and biggest nuclear test as the 15-member council condemned the move by Pyongyang. KRT bulletin shows North Korean Leader Kim Jong Un in this still image taken from video on September 9, 2016. "On the contrary, it is poison that is slowly suffocating the country".

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Nuclear test must be condemned

South Korea's foreign minister said on Saturday that North Korea's nuclear capability is expanding fast, echoing alarm around the world over the isolated state'sfifth nuclear test carried out in defiance of United Nations sanctions. Last Monday, as G20 leaders were meeting in China, North Korea fired three ballistic missiles into the Sea of Japan . But the Park administration is prepared to take military action, with the Joint Chiefs of Staff speaking Friday of a preemptive strike in ...

Business

Fed rate talk hits US, European stocks

Crude oil prices sank to $45.88. Seoul's KOSPI index fell nearly 1.3 percent, while Sydney and Singapore each lost 0.9 percent. US stocks fell broadly in early trading Friday , Sept. The S&P Smallcap 600 was also sharply lower by 2.3% to 745 and led by Basic Energy Services (NYSE:BAS) down 25% to $0.56. Weakness emanating from overseas poses short-term downside risks to the domestic US economy", yet there are also "longer-term risks from significantly overshooting the USA economy's ...

Business

Flag that was raised at ground zero is back at the site

A spokesperson for the City of Everett said detectives sifted through photographs and used DNA analysis and eyewitness accounts to authenticate the flag. Get breaking news right in your inbox. . Two years ago, the flag was turned in by an as-yet-unidentified man at a firehouse in Everett, Washington.

Business

US stocks slump as traders fear higher interest rates

US stocks were down sharply in late-afternoon trading Friday, pulling the Dow Jones industrial average down more than 300 points and placing the market on course for its biggest loss since June. Those stocks have been in favor among investors seeking income while interest rates and bond yields remained ultra-low. Great Britain's FTSE 100 index fell 1.19 percent, while France's CAC 40 was down 1.12 percent.

Business

Yao Ming makes great 'practice' joke during Hall of Fame speech

McGrady last played in 2012, meaning he will be eligible next year, and can expect him to join the aforementioned trio as a first-ballot entrant. To celebrate its stars of the hardwood, Reebok released two limited-edition shoes, styles they wore during their careers.

Business

Murkowski calls for formal investigation into EpiPen price hike

In wake of Mylan's new price, many doctors will begin prescribing a similar medication made by rival Adrenaclick, which carries a list price of $461, according to the Associated Press . Recent measures by Mylan to appease consumer and activist concerns about the rising price of their allergic reaction treatment EpiPen do not go far enough, 20 USA senators wrote in a letter sent to the company on Tuesday.

Business

Liberty Media snaps up Formula One for £6bn

Upon completion, Liberty Media will add Delta Topco to its Liberty Media Group division, which will be renamed the Formula One Group. Carey, who joined the sport's 85-year-old commercial supremo Bernie Ecclestone in answering questions, said there was a more passionate fan base in America than people realised even if it took time to build the audience.

Business

Wawrinka rallies past Nishikori to set up Djokovic final at US Open

With Djokovic in possession of three more set points while serving at 5-1, 40-love, Monfils transitioned into something that might have appeared to be an attempt to lose on objective but which he explained afterward was the tennis equivalent of Muhammad Ali's boxing "rope-a-dope", absorbing someone else's best shots and pretending not to be interested in attacking.

Business

NewsAlert:SNC-Lavalin violated Elections Act with contributions to Liberals, Tories

SNC-Lavalin "acknowledges that, in offering to reimburse its employees for federal political contributions, and in reimbursing such contributions, it was in fact making those contributions itself", according to the compliance agreement. "It once again shows our desire and commitment to resolve past issues", Bruce said in a press release Thursday. The provincial government started a program a year ago to recover money paid in connection with public contracts obtained as a result of fraud or ...

Business

UK Confirms Post-Brexit Trade Working Group With India

Chancellor Philip Hammond, meanwhile, is meeting top City figures, including the CEO of the London Stock Exchange Group and the chairman of HSBC and Barclays, to discuss Brexit. At PMQs and following her statement, Mrs May was asked about David Davis's suggestion that it is "very improbable" the United Kingdom can remain part of the European single market if it wishes to regain control over its borders.

Business

Belkin iPhone 7 Adapter Lets You Listen to Music While Charging

This generates a single-core score of 3,233 and a multi-core result of 5,363, just a few points behind the 5,472 performance you get from a 12.9-inch iPad Pro. The new devices detect when users are switching from, say , an iPhone or an iPad and can summon Apple's artificial intelligence assistant, Siri, by touching the outside of the ear bud.

Business

Mexican peso slips as fianance minister steps down

He had called Mexican migrants "criminals" and "rapists". An investigation led by the minister for public administration cleared Videgaray and Pena Nieto of wrongdoing past year, but critics questioned the probe as it was conducted by someone picked by the president.

Business

Both Sides React to Friday's Decisions In Dakota Access Pipeline Case

A federal judge denied a Native American tribe's request to temporarily block construction of the four-state, Dakota Access oil pipeline that has sparked heated protests. Standing Rock Sioux Tribal Chairman Dave Archambault II is expected to speak from the North Dakota Capitol shortly after 3 p.m. Friday. The government also announced that this case highlighted the need to consider "nationwide reform with respect to considering tribes' views on these types of infrastructure projects".

Business

Government Steps In After Judge Denies Tribe's Request to Stop Pipeline

A federal judge is set to deliver a key ruling on the four-state Dakota Access pipeline that has drawn thousands of protesters to a construction site in North Dakota in recent weeks. "We urge everyone involved in protest or pipeline activities to adhere to the principles of nonviolence", the statement said . But in his decision (pdf), U.S.

Business

Volkswagen engineer pleads guilty to criminal charges in emissions cheating case

A Volkswagen engineer has plead guilty for his reole in the emissions scandal. It seems likely Liang's plea and active cooperation with investigators will figuratively put some heat on some higher-ups at VW, but we won't know for sure until the engineer is sentenced on January 11th.

Business

Embassy to Malaysia issues travel warning for Zika virus

He said she has traveled to Singapore recently, while her husband travels back and forth daily due to his job. Malaysia's health minister says it is likely more cases would be reported in Johor Bahru. On Tuesday, Singapore's Ministry of Health said that in just over one week the total number of identified cases of locally transmitted Zika virus infection in the island nation had risen from zero to 258.

Business

Spectra Energy bought by Enbridge in $28 billion deal

The transaction is subject to shareholder and certain regulatory approvals, as well as other customary conditions and is expected to close in the first quarter of next year. Jay Hatfield, chief executive officer of Infrastructure Capital Management LLC, said, "The environmentalists are out there, they're powerful, and they're trying to stop the natural gas pipelines".

Business

Breather for India as G20 gives time to ratify Paris climate agreement

Secretary of State John Kerry and Russian foreign minister Sergey Lavrov have for weeks been trying to broker a deal that would curb the violence between the Mr Assad's government forces and rebels backed by the US. As the FBI investigates cyber attacks at the Democratic National Committee and the Democratic Congressional Campaign Committee, sources have attributed the attacks to Russian government-linked hackers, leading some to speculate that Putin is trying to influence the USA election ...

Business

British Airways system glitch causes global flight delays

Airlines had had a hard period this summer, with many of them facing technical problems that caused delays and cancellations, according to commentators. Last month, Delta experienced a computer outage that caused delays and cancelations, costing passengers' time and costing the airline an estimated $100 million in revenue.

Business

California VW engineer pleads guilty in emissions case, will cooperate

Although he was charged in June, the case was kept secret until today. The indictment marked the first time a criminal charge had been levied in the US Justice Department's year-long investigation into emissions-cheating software VW installed in some 11 million vehicles worldwide.

Business

Derbyshire Based Sports Direct Opens Warehouse Doors For AGM

Shareholders have demanded that the company overhaul the board and dismiss the chairman, Keith Hellawell. In a vote of all shareholders, about 81% of votes cast were in favour of re-electing Hellawell and 92% in favour of re-electing founder and majority shareholder Mike Ashley.

Business

An Unforgettable 208-Second Flight Creates A Bureaucratic Frenzy In 'Sully'

In less than three and a half minutes, the plane he was piloting was struck by a group of birds who paralyzed the vessel. The captain glided the disabled plane right onto the Hudson River, saving the lives of everyone on board - 155 people.

Business

Tribe's request to stop work on pipeline denied

Our original post appears below. Judge James Boasberg of the U.S. District Court in Washington, D.C., said in his opinion that there is not enough evidence that allowing the pipeline to proceed would harm the Standing Rock Sioux Tribe that sued to stop the pipeline's construction.

Business

Wells Fargo fined $185m for creating millions of fake accounts

Wells Fargo said it has refunded $2.6 million to affected customers for monthly maintenance fees, insufficient fund fees, overdraft charges and other fees paid. Trouble is, the bank's customers didn't know any of this was going on - and in many cases were being charged extra fees for these phony accounts. The bank will send notices to those who were taken advantage of explaining what happened and how much they're being refunded.

Business

Man Confesses To Decades-Old Child Murder

Asked in court whether he abducted, sexually assaulted and killed Jacob, Heinrich said: "Yes, I did". "Danny Heinrich is no longer a person of interest", U.S. Jacob's abduction shattered childhood innocence for many in rural Minnesota, changing the way parents watched over their kids. The Stearns County Sheriff's Office said Jacob's remains were identified Saturday.

Business

Las Vegas Sands (LVS) Shares are Up 7.15%

The stock's 50-day moving average is noted at $51.31 and its 200-day moving average is stands at $48.59. Mirae Asset Global Investments who had been investing in Las Vegas Sands Corp for a number of months, seems to be less bullish one the $44.36 billion market cap company.

Business

Bill Kristol: Both Candidates 'Awful' But Trump Topped Clinton in Forum

Clinton and her allies have outspent Trump and his team on the airwaves nearly 5 to 1, according to ABC News. "When they circle our attractive destroyers with their little boats and they make gestures at our people that they shouldn't be allowed to make, they will be shot out of the water", he said.

Business

When is the first presidential debate between Hillary Clinton and Donald Trump?

Clinton blasted Trump for appearing on the network and praising Putin, as he had done on Wednesday night during a televised national security forum. Clinton then circled back to her national security meeting, characterizing Trump's actions as "reckless" for the country's security. "He acted without the consent of Congress.

Business

Missoula residents speak out as federal agencies halt Dakota Access Pipeline construction

Wilson, superintendent of the Oklahoma Indian Missionary Conference of the United Methodist Church, said he and two other Oklahomans recently traveled to North Dakota to stay at the Red Warrior prayer camp in the city of Cannonball on the Standing Rock Sioux Reservation.

Business

Hamilton's poor start gifts Rosberg Italian Grand Prix

Hamilton held a 0.5s qualifying advantage over the German, suggesting he had a significant advantage around the high-speed circuit, but Rosberg believes he had the edge on race pace. The race is on with Lewis. "He did a great job and I just had to get back up to second". "We live to fight another day". "Obviously the start was the decider of the race, then after that just trying to get back into the points, back into second to try and reduce the loss from the start".


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