Economy


Davenport & Co LLC Sold A Little More Wells Fargo & Company (WFC) Stock Davenport & Co LLC Sold A Little More Wells Fargo & Company (WFC) Stock
- October 15, 2017

Inverness Counsel Limited Ny reported 487,077 shares. (WFC)'s stock declined 8.66%. The Quantres Asset Management Ltd holds 15,500 shares with $859,000 value, down from 36,300 last quarter. Since May 5, 2017, it had 1 buying transaction, and 3 sales for $3.93 million activity. Vanguard Group Inc. raised its holdings in shares of Wells Fargo & by 1.2% in the second quarter. (more...)
Local scouting community reacts to Boy Scouts changes Local scouting community reacts to Boy Scouts changes
- October 14, 2017

Annali has been informally joining her brother Jayden, 9, at his Cub Scout meetings for about a year after leaving a Girl Scout troop, their mother said. Our local councils offer resources as well, so you won't be in it alone. Even this new move by the Boy Scouts isn't completely inclusive or integrated. (more...)
Samsung CEO Kwon Oh-hyun resigns amid strong guidance for Q3 Samsung CEO Kwon Oh-hyun resigns amid strong guidance for Q3
- October 14, 2017

Kwon, a semiconductor engineer, has met with President Moon Jae-in and attended events both at home and overseas since Lee was detained in February on corruption charges. The departure of 32-year Samsung veteran Kwon after five years in the top job comes at a time of leadership uncertainty at the company. Kwon has served as a vice chairman at Samsung Electronics since 2012 and also served as a senior executive at the company's display division since a year ago. (more...)
CPI rises 3.28% in September; August IIP jumps 4.3% CPI rises 3.28% in September; August IIP jumps 4.3%
- October 13, 2017

Manufacturing sector, which accounts for more than three-fourth of the entire index, continued to growth at 3.1 percent in August, compared with 0.1 percent growth in July, government data showed. Among non-food categories, the "fuel and light" segment's inflation rate accelerated to 5.56 per cent in September. The Index of Industrial Production ( IIP ) had registered a tepid growth of 1.2 per cent in July this year. (more...)
Amazon Introduces Logins For Teen Shoppers Amazon Introduces Logins For Teen Shoppers
- October 13, 2017

Signing up takes moments for both teens and parents. Teens may also access certain Prime benefits if their parents are a Prime member. Parents can review each item, its cost and the payment method being used before finalizing the transaction. (more...)
Oil Stable After OPEC Suggests Extraordinary Measures Oil Stable After OPEC Suggests Extraordinary Measures
- October 12, 2017

In a deal aimed at clearing the glut, OPEC is curbing output by about 1.2 million bpd, while Russian Federation and other non-OPEC producers are cutting half as much, until March 2018. "The supply forecast for next year will be revised downward if higher oil prices and lower costs do not materialize", the report said. Barkindo said the effort in part helped the energy sector emerge from the "most vicious of all oil cycles", with oil prices tanking below $30 per barrel past year on ... (more...)
Toyota and Honda affected by industrial scandal in Japan
- October 11, 2017

The products were delivered to more than 200 companies, including Toyota , Mitsubishi Heavy Industries and Subaru . It said that inspection data on the products, including those on strength and duration of the materials, were rewritten by workers who were "under pressure" to meet a deadline when the actual data failed to meet customer specifications. (more...)
Nobel victor Richard Thaler praised 'demonetisation', but damned Rs.2000 notes Nobel victor Richard Thaler praised 'demonetisation', but damned Rs.2000 notes
- October 11, 2017

Influential in the field of behavioural economics, his research showed how traits such as lack of self-control and fear of losing what you already have prompt decisions that may not have the best outcome in the longer term. Interestingly enough, the Nobel Memorial Prize in Economic Sciences was never established in the will of Alfred Nobel, thus the "memorial" distinction from the other five established prizes. (more...)
Stuart Pearce explains what Hart needs to do to keep England spot
- October 08, 2017

But the 30-year-old will be eager to to impress this season as he seeks to ensure that he remains Englands first-choice goalkeeper going into next summer's World Cup in Russian Federation, ahead of Jack Butland. England offered little attacking threat on a dreary and subdued night at Wembley Stadium that was lit up only in the fourth minute of additional time when Kane latched onto Kyle Walker's cross and struck under goalkeeper Jan Oblak. (more...)
North Korean Workers Wear 'Brave Face' on Forced Return From China North Korean Workers Wear 'Brave Face' on Forced Return From China
- October 07, 2017

North Korean minders ensure that workers do not have access to phones or email and that workers walk between the dormitory and their jobs in pairs- conditions that many in the USA would refer to as "modern slavery". John Connelly, president of the National Fisheries Institute, urged its 300 members to "ensure that wages go to the workers, and are not siphoned off to support a unsafe dictator". (more...)
Officers recover 23 guns from Las Vegas shooter's hotel room Officers recover 23 guns from Las Vegas shooter's hotel room
- October 06, 2017

The tanks sit on property owned by McCarran International Airport. They said that Danley, who is Australian, had arrived in the Philippines more than a week before the shooting. Earlier it was reported that the shooter brought to the hotel room Mandalay Bay not more than 16 firearms. Mendoza said Paddock would lay into the much smaller Danley when she asked about using his casino card, which had credits from gambling that could be used to pay for things inside the casino. (more...)
Srinagar: Attack in BSF camp, 3 terrorists killed Srinagar: Attack in BSF camp, 3 terrorists killed
- October 05, 2017

Heavily armed militants stormed an Indian Border Security Force (BSF) camp early Tuesday in disputed Jammu and Kashmir's capital. A senior police official said that militants came from the Friends Colony side of the BSF camp. There were several guests inside the paramilitary base at the time and security services evacuated them before moving in on the militants. Besides the AK 47 rifles and pistols, some grenades were also recovered from the possession of the militants, said officials. (more...)
Equifax knew about cyber vulnerabilities before attack, ex-CEO claims Equifax knew about cyber vulnerabilities before attack, ex-CEO claims
- October 05, 2017

When questioned by the House subcommittee on the matter of executives selling shares just days after the breach was discovered, he said they did not know about the breach "to the best of my knowledge". Criminals stole the data between May and July, Equifax said. Smith offered a timeline of what went wrong, saying the Department of Homeland Security warned the company on March 8 about the need to patch a particular vulnerability in software used by Equifax and other businesses. (more...)
Why did Stephen Paddock do it? Investigators don't yet know Why did Stephen Paddock do it? Investigators don't yet know
- October 05, 2017

The president congratulated hurricane-ravaged Puerto Rico for escaping the higher death toll of "a real catastrophe like Katrina" but added "you've thrown our budget a little out of whack". " He loved her . He doted on her", Eric said. Knights told Australia's Channel 9 from his home near Brisbane, "It seemed like he just looked after my aunty and that was it". (more...)
PH production PMI still subdued in September: IHS Markit PH production PMI still subdued in September: IHS Markit
- October 03, 2017

IHS Markit director Rob Dobson said: "Although it looks as if the sector made solid progress through the third quarter as a whole, the growth slowdown in September is a further sign that momentum is being lost across the broader United Kingdom economy". (more...)
Gareth Bale doubtful for Real Madrid and Wales with calf injury Gareth Bale doubtful for Real Madrid and Wales with calf injury
- October 02, 2017

Keeping himself at bay, Zidane cleared himself by saying he will be the last one to get involved in such issues as the discussion is between the club and player. By that time, Real Madrid were already ahead through Isco's opener, but the visitors' renewed intensity and tempo after the restart changed the dynamic of the contest. (more...)
Air France flight with engine damage makes emergency landing Air France flight with engine damage makes emergency landing
- October 01, 2017

Others passengers tweeted hearing a "loud thud and a lot of vibration" before looking out at the mangled engine. Air France operates 10 Airbus A380s, which are the largest passenger planes in the world. Passengers reported the engine blowing out over the Atlantic Ocean, about one hour of the Canadian coast. Air France said it is now working to re-route passengers to Los Angeles via the airline's connecting platforms in North America. (more...)
Russell Westbrook, Oklahoma City Thunder agree to five-year $205-million deal Russell Westbrook, Oklahoma City Thunder agree to five-year $205-million deal
- October 01, 2017

The extension allows for Westbrook to sign for 35 percent of the salary cap and five additional seasons. After Kevin Durant's departure, the Thunder worked creatively to find elite teammates for Westbrook , who averaged a triple-double last season (36.1 points, 10.7 rebounds, 10.4 assists) on his way to winning Most Valuable Player. (more...)
Volkswagen's Diesel Fix In US Costing $3B More Than Expected Volkswagen's Diesel Fix In US Costing $3B More Than Expected
- September 30, 2017

Volkswagen's diesel emissions cheating scandal continues to get more expensive as the automaker disclosed Friday it would take a $2.95 billion charge in the third quarter due to higher-than-expected vehicle buyback and retrofit costs. He has since been suspended from employment at VW Group. Volkswagen AG will take a surprise charge of about $3 billion as plans to buy back or retrofit tainted USA diesel cars proves more complex than expected, bringing total damages from the two-year-old ... (more...)
Worldwide airports hit by computer system crash Worldwide airports hit by computer system crash
- September 29, 2017

It would not say how many airlines or airports were affected. The check-in systems of affected airlines at Changi Airport have been restored after experiencing nearly three hours of technical glitch. In addition to Lufthansa and Qantas, CNN reported Air France, Air China, Korean Air and Southwest Airlines were among the carriers affected by the network issue. (more...)
Crude oil rallies amid talk of OPEC production cut deal extension Crude oil rallies amid talk of OPEC production cut deal extension
- September 27, 2017

Iran expects to maintain overall crude and condensate exports at around 2.6 million bpd for the rest of this year, a senior official from the country's state oil company said . West Texas Intermediate crude remained about $4 below its 2017 high, but topped $51 a barrel for the first time in four months. The wellhead was uncapped, and oil gushed higher overnight with Brent rising almost four percent and WTI three percent. (more...)
Uber CEO apologises for 'mistakes' after company hit with London ban Uber CEO apologises for 'mistakes' after company hit with London ban
- September 27, 2017

The city's transportation agency said last week it would not renew Uber's license when it expires September 30, citing a lack of corporate responsibility and concern for public security. London's traditional "black cab" drivers have long campaigned against the service, and welcomed Friday's decision. The apology comes after Transport for London decided not to renew its license to operate. (more...)
Can the Senate Push Aside the Saturday Deadline for Graham-Cassidy? Can the Senate Push Aside the Saturday Deadline for Graham-Cassidy?
- September 26, 2017

The hearing was paused as several protesters, some wheelchair-bound, chanted, "No cuts to Medicaid". The amendment would have barred NY from receiving federal reimbursements for state Medicaid funds raised by local governments, effectively forcing state officials to choose between collecting the $2.3 billion from its counties or facing a similar cut to the $33.15 billion the federal government contributes to the state. (more...)
Gas Prices Trending Cheaper, 'Falling' Trend Expected to Continue Gas Prices Trending Cheaper, 'Falling' Trend Expected to Continue
- September 26, 2017

During Hurricane Harvey, gas prices rose by 50 cents to $2.73 a gallon. Prices surged when Harvey struck refineries along America's Gulf Coast and remained elevated as demand spiked in the southeastern US following Hurricane Irma. "For the second straight week, nearly every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels", Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement. (more...)
Expect delays: Air traffic glitch could impact Rockhampton flyers today Expect delays: Air traffic glitch could impact Rockhampton flyers today
- September 26, 2017

Airservices Australia said the incident was down to a software failure and not a cyberattack. "Our technicians are now working to rectify the situation", ASA said. Anyone planning to travel out of Mascot Airport is being urged to check their flight and airline to see if it has been affected. "Virgin Australia is working to have all guests on their way as quickly and safely as possible". (more...)
Russian Federation at United Nations slams 'military hysteria' over N. Korea Russian Federation at United Nations slams 'military hysteria' over N. Korea
- September 25, 2017

Wang said that the situation of North Korea is of utmost importance and is of common concern among the United Nations member countries. At a news conference Friday on the sidelines of the United Nations General Assembly, Russian Foreign Minister Sergey Lavrov once again hit back on claims his country meddled in the 2016 U.S. (more...)
Here's What You Need To Know Before Signing That Uber Petition Here's What You Need To Know Before Signing That Uber Petition
- September 25, 2017

Uber , which boasts 40,000 drivers in London and claims that 3.5 million people use the service, plans to appeal against the decision by the Transport for London (TfL), which said the USA -based company's approach and conduct was "not fit and proper" to hold a private vehicle hire licence. (more...)
Mahira Khan trolled over smoking pictures with Ranbir Kapoor Mahira Khan trolled over smoking pictures with Ranbir Kapoor
- September 23, 2017

While most are hopeful of a budding romance between the two, the "haya (shame) brigade" has taken it upon itself to shower Mahira with unwarranted judgement over her dress and lifestyle habits. People voting for Imran Khan don t have any right to criticise Mahira. In the photos, the " Raees " star is seen in a white backless dress, smoking with actor Ranbir Kapoor in NY. (more...)
The Fed Stands Pat On Rates The Fed Stands Pat On Rates
- September 23, 2017

The Consumer Price Index, a major measure of consumer inflation in the US economy , rose 0.4 percent in August, or 1.9 percent year-on-year, according to the Labor Department. Reasons for any caution at the Fed is persistently low inflation and, indeed, the Fed lowered its inflation forecast. However, because the scale is small and the market has been expecting the increase, the rates are expected to rise only minimally. (more...)
Tesla may be working with AMD on AI chip for cars Tesla may be working with AMD on AI chip for cars
- September 22, 2017

Tesla is looking to develop their own chips that are custom made to their AI needs, and provide energy efficiency while tackling specifically the problems of self-driving. Lipacis also comments on Nvidia (NASDAQ: NVDA ), which was bumped to the side in favor of AMD , saying that near-term headline risks aren't favorable but he doesn't see a long-term risk. (more...)
Pilot union BALPA urges Ryanair to improve working conditions Pilot union BALPA urges Ryanair to improve working conditions
- September 22, 2017

During the meeting he said Ryanair is planning to take back one week of their pilots' holidays to prevent any further flight cancellations. O'Leary told shareholders he took personal responsibility for the staffing issues and the way the company broke the news to customers, adding that Ryanair's pilot pay levels may have been too modest in the past. (more...)
Toshiba swings again, chooses Bain group to buy chip unit Toshiba swings again, chooses Bain group to buy chip unit
- September 21, 2017

However, the parties have not yet reached a definitive agreement and opposition to the deal remains, according to the report citing a person familiar with the matter . The special objective entity making the acquisition will be called Pangea and receive about 600 billion yen in loans, the person said. The auction has gone through dizzying twists and turns . (more...)
USA stocks open higher ahead of Fed meeting USA stocks open higher ahead of Fed meeting
- September 20, 2017

The fact that US stocks closed at records on Friday "suggests that as long as the situation does not escalate into military conflict, market participants may continue to place less and less emphasis on North Korean developments", said Charalambos Pissouros, senior analyst at IronFX, in a note to clients on Monday. (more...)
Wife of ousted PM Sharif wins Pakistan by-election Wife of ousted PM Sharif wins Pakistan by-election
- September 20, 2017

PM Abbasi arrived in New York Monday afternoon to lead the country's delegation to the 72nd session of the United Nations General Assembly (UNGA). The new Trump policy lays special emphasis on kinetic operations to subdue the Taliban insurgency in Afghanistan, envisions greater role for India in Afghanistan and the overall regional security. (more...)
Ryanair cancelled flights - Michael O'Leary ADMITS 'this is our mess' Ryanair cancelled flights - Michael O'Leary ADMITS 'this is our mess'
- September 19, 2017

It said the number of cancellations will equate to less than 2 percent of its daily schedule of 2,500 flights and has provided an updated list on its website up to this Wednesday (20 September ). He said: "What we have messed up is the allocation of holidays and trying to over-allocate holiday during September and October while we're still running most of the summer schedule, and taking flight delays because of principally air traffic control and weather disruptions". (more...)
Barzani: Without better alternative to independence, no turning back from referendum Barzani: Without better alternative to independence, no turning back from referendum
- September 16, 2017

Kirkuk's provincial council had announced on 29 August its decision - at a session boycotted by Turkmen and Arab members - to include the disputed province in an upcoming referendum on Kurdish regional independence in northern Iraq. "But we will hold our referendum without an alternative and whatever happens, happens", he emphasized. Iraqi neighbors - Turkey, Iran and Syria - oppose the referendum, fearing that it could fuel separatist moods among their own Kurdish minorities. (more...)
NYPD Commissioner Says No Direct Threats To New York City NYPD Commissioner Says No Direct Threats To New York City
- September 16, 2017

As a manhunt takes place across the capital, authorities have tightened security on all transport hubs, The New York Times reports . The broadcaster also reported that the device did not fully detonate . Photos taken inside a District Line train show a white plastic bucket inside a supermarket shopping bag. None was thought to be in a serious or life-threatening condition. (more...)
Oracle's Cloud-Computing Guidance Raises Concerns About Growth Oracle's Cloud-Computing Guidance Raises Concerns About Growth
- September 16, 2017

Massachusetts Financial Services Communications Ma reported 0.88% of its portfolio in Oracle Corporation (NYSE: ORCL ). Rosenblatt maintained the stock with "Buy" rating in Thursday , June 22 report. & global copyright and trademark laws. 06/26/2017 - Oracle Corporation had its "overweight" rating reiterated by analysts at Mitsubishi UFJ. A total of 34 analysts have reported on the stock. (more...)
Britain eyes wider probe on Sky takeover Britain eyes wider probe on Sky takeover
- September 13, 2017

She made the decision, after months of deliberation, because of media plurality and whether there is a commitment to broadcasting standards. Currently, his 21st Century Fox owns 39 percent of the company - but it wants way more. She also raised concerns about "corporate governance issues". "My proper concern is whether Fox will have a genuine commitment to attaining broadcasting standards objectives". (more...)
Teva's stock rockets to biggest gain since 1984 Teva's stock rockets to biggest gain since 1984
- September 13, 2017

Another trade for 18,000 shares valued at $789,073 was made by Conine Steven on Monday, April 10. Teva Pharmaceutical Industries Limited ( TEVA)'s current session activity disclosed discouraging signal for active traders . Trian Fund Management Lp acquired 3.74M shares as Wendys Co. (NYSE:PPG). Old Mutual Customised Solutions (Proprietary) accumulated 8,500 shares. Jensen Inv Management owns 5,110 shares. (more...)
Watch Live Sports in Beautiful Picture with Apple TV 4K Watch Live Sports in Beautiful Picture with Apple TV 4K
- September 13, 2017

This is the Apple TV 4K. In an ideal world there'd be no need for an Apple TV . For the first time, developers could write apps specifically for the Apple TV . You'll be able to control elements of your smart home, including the upcoming Apple HomePod . Users can share recent photos and videos from iPhone and iPad, including the best Memories, with friends and family on the biggest screen, with iCloud on Apple TV . (more...)
China's Bitcoin Trading Volume Rises Significantly Despite Exchange Ban Talks China's Bitcoin Trading Volume Rises Significantly Despite Exchange Ban Talks
- September 12, 2017

This news comes less than a week after it was revealed that China had banned Initial Coin Offering (ICO ), which has recently emerged as the most effective way for startups to raise funds. "There has been a general tightening of the screws on regulating financial and monetary conditions", said Mr Mark McFarland, chief economist at Union Bancaire Privee. (more...)
Mexican Quake Death Toll Rises to 58 Mexican Quake Death Toll Rises to 58
- September 11, 2017

The death toll from the powerful 8.1 magnitude natural disaster that jolted the southern coast of Mexico late Thursday, rose to 61 with relief operations still underway. The U.S. Geological Survey reported the magnitude at 8 .1, but other institutions rated it between 8.2 and 8.4. Mr Pena Nieto said a million people had initially been left without power, but 800,000 had now had it restored. (more...)
Piyush Goyal takes charge as Minister of Railways Piyush Goyal takes charge as Minister of Railways
- September 08, 2017

Nirmala Sitharaman emerged as the biggest gainer of the cabinet reshuffle today as Prime Minister Modi gave her the heavyweight Defence portfolio, while Piyush Goyal replaced Suresh Prabhu in the Railway Ministry in a major rejig, which saw nine new faces being inducted. (more...)
Time Warner Cable Customer Records Exposed Time Warner Cable Customer Records Exposed
- September 06, 2017

As the report is quick to note, Time Warner Cable isn't alone when it comes to leaving customer and company data exposed on Amazon cloud servers. Charter clarified that once the unlocked server was discovered, Broadsoft immediately removed the information and began a joint investigation into the incident. (more...)
Princess Mako of Japan will leave royal family to marry university boyfriend Princess Mako of Japan will leave royal family to marry university boyfriend
- September 05, 2017

Japanese Emperor Akihito's oldest granddaughter, Princess Mako , will soon become a commoner following her decision to marry a former classmate with no blood connection to the island nation's royal family. At the request of her parents Prince Akishino and Princess Kiko, who supported Princess Mako's relationship with Komuro, bodyguards from the Imperial Guard that must accompany the princess when she goes out tried to blend into the crowd while performing their duty. (more...)
Brokenshire in Stormont talks with five main NI parties Brokenshire in Stormont talks with five main NI parties
- September 05, 2017

Mr Brokenshire holds discussions with the Ulster and the Democratic Unionists, nationalist SDLP, cross-community Alliance Party and Sinn Fein on Monday on whether to initiate another round of talks. if we can reach a wider agreement on these matters". The Creggan councillor said: "RTÉ reports that Jeffrey Donaldson "gave the example of Sinn Féin wanting 10 per cent of all public jobs to go to Irish speakers". (more...)
Duchess of Cambridge expecting third child
- September 05, 2017

This is published unedited from the PTI feed . It's already a big week for the family as they prepare for George to start school at Thomas's Battersea in south London on Thursday. "Given the recent anniversary, there'll be plenty of interest in the name Diana if the baby is a girl", the agency said. On a royal tour of Poland in July 2017, Kate joked about having a third - after being given a present designed for newborns. (more...)
Major Pipeline shuts down due to Hurricane Harvey Major Pipeline shuts down due to Hurricane Harvey
- September 03, 2017

It also has 15 storage locations to serve customers, and connects to more than 260 terminals. The Colonial shutdown may cause more of a ripple effect and spark higher price increases in some areas, DeHaan said. Across Marietta on Thursday afternoon, motorists at the pump were feeling Harvey's effects in their pocketbooks. "Once Colonial personnel can safely access these facilities, we will evaluate and provide an estimate of the time necessary to ensure our pipe, pumps, tanks and related ... (more...)
Harvey rattles fuel markets Harvey rattles fuel markets
- September 03, 2017

The national average for a regular gallon of gasoline rose to $2.519 as of Friday morning, according to motorists advocacy group AAA , with even gaudier increases in the U.S. Now, gas originally meant for northern states can be sold in Florida and some still-open refineries can focus on making the one type of high-volatility gasoline. (more...)