Business

News

Wal-Mart increases stake in China's JD.com

And while it may never catch Amazon on the e-commerce side, it can certainly widen the gap between its online business and those of other competitors. Chief Financial Officer Brett Biggs said in an interview that the company would focus its capital s...

Train derailment injures dozens, disrupts service on Long Island, New York

Governor Cuomo said in a statement, "At approximately 9:10 p.m. this evening, a train on the Long Island Rail Road was heading eastbound on the mainline when the first three cars of a 12 auto train derailed about one half mile east of the New Hyde Pa...

Mall of America to close on Thanksgiving

The decision to close the mall for that day was made in an effort to allow employees to spend time with their family and friends that day. Last year, more than 150 stores in the mall opened at 6 p.m. Most national retailers have not yet announced t...

How the Dow Jones industrial average fared on Monday

The Dow Jones industrial average fell 85 points, or 0.5%, to 18,222. The S&P 500 is down 17.78 points, or 0.8 percent. The yield on the 10-year Treasury note rose to 1.72 percent from 1.69 percent. USA stocks had been pressured this week by conce...

How Did Deutsche Bank Become a Favorite of Short Sellers? (DB)

The comment comes amid intense discussion over the size of the penalty that may be meted out to Deutsche Bank over faulty mortgages. "Since the crisis, enhanced regulation and oversight have strengthened banks' capital and liquidity buffers, making...

UVA Center for Politics Lays Out Some Expectations for VP Debate

While the conversation is expected to center on the fierce battle between Clinton and Trump, the political records of the two vice presidential contenders are also likely to come under scrutiny. Pence and Kaine have to decide whether to focus mo...

Rogue trader Jerome Kerviel must pay Societe Generale €1 million in damages

October 5: Convicted for breach of trust, forgery and entering false data, Kerviel is sentenced to five years in prison, with two years suspended, and ordered to pay Societe Generale 4.9 billion euros in damages and interest. As a result, the top cou...

Citigroup Inc. Reaffirms Neutral Rating for Wal-Mart Stores Inc. (WMT)

Some buy side analysts are also providing their Analysis on Wal-Mart Stores Inc., where 3 analysts have rated the stock as Strong buy, 2 analysts have given a Buy signal, 19 said it's a HOLD, 2 reported it as Underperform and 1 analysts rated the sto...

NTSB probe of deadly crash focuses on engineer, black box

NTSB vice Chair Bell Dinh-Zarr said at a news conference the investigation was expected to take seven to 10 days. A potentially key piece of evidence has been recovered in the hunt for what caused a deadly crash of a commuter train in New Jersey...

Another Must-Win Situation For The New York Jets

As a pass rusher, you want to get after them as much as possible". So it stuck with Boykin when the message came up from the Fabers on Sunday congratulating Boykin on completing 7 of 9 passes for 65 yards in the 37-18 win over San Francisco and for...

Pending home sales down nationally, but local market holding up

August's score also came in marginally lower than the performance a year earlier, when the reading was 108.7. Home purchases and prices have risen much of this year but a slowdown surfaced in August as a lack of inventory has hurt the market.

Osborne's flagship Help to Buy scheme to close, Hammond confirms

More than 185,000 people in the United Kingdom have been able to buy a new home using the Government's flagship set of Help to Buy schemes, the latest quarterly statistics show. "Moreover, the high LTV mortgage market has become less reliant on the s...

California suspends some Wells Fargo business amid scandal

Wells Fargo's (WFC) two former employees have filed a lawsuit against the bank, seeking $2.6 billion, on behalf of employees affected amid the unauthorized accounts scandal. That's based on an updated tally of Tolstedt's stock holdings that Wells F...

North Dakota borrowing $6M for pipeline protest costs

Hosted by the UI Native American Student Association, Thursday's rally included speeches from UI students and professors, as well as representatives of local Native American nations. The greatest organized protests against the pipeline thus far have ...

Ted Cruz Endorses Donald Trump for President

A Cruz endorsement could be the last pillar to helping Trump shore up the support of conservatives who have remained reticent about supporting his campaign. Her running mate, Virginia Sen. Cruz offered little defense of Trump's past comments on Mus...

Stocks rise, led by high-dividend sectors

Typically, nearly all its officials vote in line with Fed Chair Janet Yellen. While the chances of a hike are marginal this time, investors will comb the central bank's statements for clues about a December hike. Fed Chair Janet Yellen, speaking af...

Singapore palm oil scion buys 49% stake in Rolling Stone

Rolling Stone publishes 12 worldwide editions - Australia, Argentina, Brazil, Colombia, France, Germany, India, Indonesia, Italy, Japan, Mexico and Russian Federation - and reportedly reaches an audience of over 65 million people. BandLab's flagshi...

Pfizer decides not to break up business

In an unexpected twist, Pfizer (PFE) decided against splitting up Monday, ending years of analyst speculation over what would have been one of the biggest corporate breakups in US history. "They've been preparing the market for this". Pfizer wi...

Oil prices rise as United States crude stocks drop

Global benchmark Brent crude oil futures were trading at $45.82 per barrel at 0649 GMT, down 13 cents from their last close. The October contract had expired yesterday at $43.44 a barrel and the front-month has now rolled over to November delivery.

Federal Government Invites Tribal Leaders to 'Consultations' Over Pipeline Protests

Gulf. Tribal leaders say the proposed 1,172 pipeline that would carry oil from North Dakota to IL would jeopardize sacred sites and burial grounds of the Standing Rock Sioux Tribe. Dakota Access did not disclose the purchase price with the state tax ...

Fed keeps key rate unchanged but hints of coming hike

She suggested that much of the discussion centred on which set of risks was greater: overheating the economy by delaying a rate increase now, or taking a chance that inflation will remain below its 2 per cent goal by removing monetary accommodation t...

Tesla (TSLA) Stock Lower, Suing Michigan Over Dealership Law

Tesla has filed suit with the Western District Court of MI over its ability to sell its cars directly to consumers in the state, Electrek reports , as well as its ability to service vehicles owned by state residents. A spokesman says Snyder doesn't ...

UNIFOR and General Motors Reach Tentative Agreement

Dias' tone is a notable shift from this morning, when he said he was "feeling encouraged" by talks. Dias, however, reiterated his position that the union would not extend its strike deadline. While it's focusing negotiations on GM, the tentative ag...

Oil falls as much as 3% after IEA revises supply forecast

Crude prices fell about 3% for a second consecutive day on Wednesday following a 4.6-million barrel build in USA distillates inventories. Oil futures slumped 3% on Tuesday on a bearish demand growth projection from the International Energy Agency.

Alabama, Georgia governors lift driver rules after gas spill

The company has acknowledged that between 252,000 gallons and 336,000 gallons of gasoline leaked from a pipeline near Helena, Alabama, since the spill was first detected September 9. A gas line leak in Alabama may soon affect gas prices and even supp...

Officer shot after exchange of gunfire; 1 suspect killed

Prosecutors say the shooting happened around 2:30 a.m. Saturday after the officers saw three men trying to rob three others near a parking garage at Caesars casino. Martell Chisholm, 19, of Millville, and Demetrius Cross, 28, of Bridgeton, were taken...

Julia strengthens again into tropical storm

In the eastern Pacific, Orlene is a tropical storm with maximum sustained winds of 65 miles per hour. Most of the storms associated with Julia are on the eastern side and that puts most of the weather offshore. NHC forecasters expect that the tro...

Youtube's Community Social Network Allows Creators to Interact with Fans

Creators can now use text, images and animated GIFs to engage fans between uploads. Currently, the Community beta is only live for the following curators: John & Hank Green, to AsapSCIENCE , The Game Theorists,Karmin, The Key of Awesome , The Klo...

Burritos in the sky: Chipotle tests drone deliveries

However, the report does not mention the distance that the drone expects to travel to make the delivery. The question is, will guac still be extra if it's delivered by drone? The company's Project Wing will realize every college stoner's dream and ...

Stock's Earnings in Focus: HD Supply Holdings Inc (NASDAQ:HDS)

HD Supply Holdings Inc makes up approximately 6.64% of Three Corner Global Investors Lp's portfolio. It has outperformed by 10.69% the S&P500. For the third quarter, which ends in October, HD Supply expects an adjusted profit of 77 cents to 82 ...

VW engineer pleads guilty in emissions case, will cooperate

James Robert Liang, 62, of Newbury Park, California, entered the plea Friday in U.S. District Court in Detroit to one count of conspiracy to defraud the government through wire fraud. Liang will be sentenced in January and could face up to five y...

Seagate Technology PLC (NASDAQ: STX) Price Target Up at Craig Hallum

Shares of Seagate Technology PLC (NASDAQ:STX) opened at 33.92 on Tuesday. The stock price is going above to its 52 week low with 98.21% and lagging behind from its 52 week high with -23.28%. Finally, Traynor Capital Management Inc. purchased a new ...

Crude Oil Expected to Extend Gains

The price for Brent crude oil was down 1.8 percent at the start of trading at $49.07 per barrel. Crude inventories in the US remain near the highest seasonal level in more than 30 years despite the drop in stockpiles. Traders cited hopes for a glob...

Man steals money from bra of 93-year-old woman in wheelchair

The incident so enraged local East Harlem residents and the store manager that a GoFundMe page was launched, and shortly after Lopez's arrest, a $600 check was presented to Vasquez. Police are searching for the man, estimated to be about 35 years o...

Canadian unemployment edges up to 7%

The impressive job numbers come after a month where the economy cut 31,200 positions, with huge losses in full-time employment. Although the number of jobs decreased, there were fewer people looking for work and the unemployment rate fell a tick to...

Search

Breaking News

Markets fall after Beijing accuses Washington of 'blackmail'

Separately, the Chinese Commerce Ministry has hit back accusing the USA of blackmailing by threatening to slap additional tariffs on Dollars 200 billion of Chinese goods and warn...

One deputy killed, another in critical condition in Kansas City, Kansas

The surviving deputy is female. The suspect also was shot and was operated on at the hospital. The investigation into the shooting is continuing. One of them said he heard gunf...

GREAT AGAIN: Fed RAISES 2018 Economic Outlook, HIKES Interest Rates

The central bank raised its key short-term rate today by a modest quarter-point to a still-low range of 1.75 percent to 2 percent. Other changes included referring to "further grad...

IHOP changes name to IHOB, internet has a lot of fun

The news website says that they changed their name because they now " burger " just as well as they "pancake". A week later, IHOb announced that the "b" in their new name stand...

Trump delivers warning on trade as he leaves G-7 summit

Russian President Vladimir Putin walks to speak to the media after his annual call-in show in Moscow, Russia, Thursday, June 7, 2018. Previous G7 summits have seen large-scale an...

US Reaches Deal With China's ZTE - Secretary of Commerce

Bureau of Industry and Security within the Commerce Department. US President Donald Trump came under criticism for announcing last month that he would reverse the ban , with som...

Petrol and diesel prices: Another day, another paltry reduction

The so-called big four supermarkets - Tesco, Asda, Sainsbury's and Morrisons - raised the price of petrol by 5.49p a litre and diesel by 5.88p in May. Brent crude futures lost ...

Merkel hand Macron olive branch on eurozone reforms

Macron wants to turn Europe's existing bailout fund into a European Monetary Fund (EMF), to act as a buffer in any future financial crises in the bloc, which was almost torn ap...

Sears to close another 72 United States stores

For the first quarter, net loss attributable to Sears' shareholders was $424 million or $3.93 per share, compared to net income of $245 million or $2.29 per share in the year-ago p...

Visa card payment disruption across UK and Europe

The outage seems to be widespread across the United Kingdom , however a small number of payments do appear to be going through - so stay on your toes if you need to use your Visa c...

Special Reports

Steel industry braces for United States tariffs on European exports

The U.S. president slapped a 25% tariff on steel imports and a 10% tariff on aluminum back in March, calling it a matter of national security. "Only they have to decide whether the...

AAA: Highest Memorial Day gas prices since 2014

AAA: Highest Memorial Day gas prices since 2014

Along with traffic woes, holiday travelers are facing high gas prices , up about a penny a day over the last few weeks. The national average for a gallon of gasoline is $2.96,...

OPEC's suggestion of more oil drags markets lower

OPEC's suggestion of more oil drags markets lower

Brent crude oil rose above 80 dollars a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighte...

New privacy rules could spell the end of legalese

New privacy rules could spell the end of legalese

Many companies have made changes to their privacy policies across all continents; the difference is that users in the US aren't protected legally by GDPR , because it's a Euro...

Italy's top two parties demand re-vote rather than…

Italy's top two parties demand re-vote rather than…

Economists worry that such goals are unrealistic given that Italy is deeply in debt ― making up 132 percent of its GDP. While in Rome the leaders of the Five-Star Movement (M5S...