Markets


Another EU Bank Settles With a US Regulator Another EU Bank Settles With a US Regulator
- September 29, 2016

The Royal Bank of Scotland stated that the settlement is substantially covered by the existing provisions, which stood at £3.8 billion ($4.95 billion) as of Jun 30, 2016, and that it will have no impact on the bank's CET1 ratio. Under the settlement, RBS does not admit fault, the NCUA was quoted as saying in a statement. An RBS spokesman pointed to comments that RBS CEO Ross McEwan made at a conference in London on Tuesday, in which he said the bank was working toward resolving various ... (more...)
Michelle Obama says America 'needs an adult' in White House Michelle Obama says America 'needs an adult' in White House
- September 29, 2016

The first lady never mentioned Republican presidential nominee Donald Trump during the rally at LaSalle University. First lady Michelle Obama acknowledges the crowd before delivering remarks on the first day of the Democratic National Convention, July 25, 2016, in Philadelphia . (more...)
Wells Fargo's Scandal Costs Its CEO Millions - Which Isn't Much To Him Wells Fargo's Scandal Costs Its CEO Millions - Which Isn't Much To Him
- September 29, 2016

It also said that he would forgo salary during an independent investigation the board is leading and has recused himself from all matters related to that as well as independent directors' deliberations. Chiang noted that the state also similarly sanctioned HSBC earlier in the year, and drew comparisons between Wells and HSBC to failed financial institutions from the financial crisis. (more...)
National Coffee Day 2016 freebies and deals: Dunkin', National Coffee Day 2016 freebies and deals: Dunkin',
- September 29, 2016

The best deal appears to be coming from Krispy Kreme , which is offering a free cup of coffee and glazed doughnut to anyone who shows up. All upstate NY locations of Stewart's Shops will be offering free hot and iced coffee from noon to close on September 29. (more...)
Neither Trump, Clinton exactly right about stop-and- frisk Neither Trump, Clinton exactly right about stop-and- frisk
- September 28, 2016

The answer comes in several parts. Analysis by the New York Civil Liberties Union (NYCLU), an organization often at odds with the NYPD, confirmed the decline in stops. The city's first and only black mayor, Dinkins pushed through a temporary tax hike to increase the headcount in the largest US police department to above 35,000. (more...)
Rescued boater returns to shore
- September 28, 2016

Coast Guard. The mother and son duo set off on September 18 for an Atlantic coast fishing trip, but the 31-foot boat sank shortly after takeoff. For about a week, the Coast Guard searched roughly 60,000 square miles for the pair . Sharon Hartstein, a close friend of Linda Carman's, said the mother and son regularly went on fishing trips together. Carman grew up in Middletown, Connecticut, but bought a home in Vermont two years ago. (more...)
West Elm to open boutique hotel at Cass and Canfield West Elm to open boutique hotel at Cass and Canfield
- September 27, 2016

Brooklyn, New York-based West Elm said the hotel is one of five it plans to open starting in late 2018 as part of a diversification beyond running its 93 retail stores. The retailer looks for cities that have strong local neighborhood areas and are relevant places for West Elm's customer base to visit. "They want a boutique experience, and expect great, reliable service that caters to their needs", DDK cofounder David Bowd said in a press release. (more...)
CBOE to buy Bats in a $3.2 billion deal CBOE to buy Bats in a $3.2 billion deal
- September 27, 2016

The $3.2 billion value is based on CBOE's shares valued at $70.30. CBOE will also be able to move into non-transactional revenue streams via Bats' market data offerings. The CBOE said it expects to gain about $50 million in annualized expense synergies, typically through cost-cutting, and up to $65 million within the five years after the deal closes. (more...)
Disney Eyes Twitter Buy
- September 27, 2016

There's another contender in the bid to buy Twitter . Twitter , which has 313 million users, has been struggling to grow its users and hit Wall Street's expectations. Even though old media businesses are now investing in tech companies, the track record for this trend isn't great. TWITTER shares reversed those declines on the news of DISNEY's interest, rising as much as 2%, trading at $22.83 this afternoon. (more...)
Oil jumps after third surprise weekly United States crude draw
- September 25, 2016

The October contract had expired yesterday at $43.44 a barrel and the front-month has now rolled over to November delivery. Last week, EIA reported that USA crude oil inventories fell 600,000 barrels, after the biggest inventory draw of the century in the week prior, which was a 14.5 million barrel draw. (more...)
Alabama pipeline restarts: When will gas prices go down? Alabama pipeline restarts: When will gas prices go down?
- September 24, 2016

The line carries gas from the Gulf of Mexico up along the east coast. Gasoline should begin flowing again Wednesday - through a temporary bypass on a critical pipeline - after a major leak in Alabama forced a shutdown that led to surging fuel prices and scattered gas shortages across the South, a company official said Tuesday. (more...)
Feds test bomb remnants of New York blast that injured 29
- September 23, 2016

The explosion in New York City occurred almost 12 hours after a bomb detonated in a garbage can in Seaside Park, New Jersey . Twenty-nine people were treated for injuries related to the blast. Danilo Gabrielli, 50, was watching TV at his 23rd Street apartment about a block away from the explosion site when he heard the blast. "And he urged Americans to follow the lead of residents here by not submitting to fear". (more...)
Fed leaves interest rates alone; dials down 2016 forecast
- September 23, 2016

It characterizes the near-term risks to the economic outlook as "roughly balanced". Some economists had pointed to the minutes of the Fed's July meeting and comments from officials since then to suggest that the central bank's "hawks" - those who think it should be acting faster to raise rates - are gathering adherents from the dove camp. (more...)
Initial jobless claims in USA match lowest level since April Initial jobless claims in USA match lowest level since April
- September 23, 2016

The median estimate in a Bloomberg survey called for 261 000. Last week also coincided with the period that the government surveys businesses and households to calculate payrolls and the jobless rate for September. Applications for unemployment insurance are close to a four-decade low as companies focus more on filling available positions than on trimming staff. (more...)
Mylan CEO Set To Defend EpiPen Prices Amid Public Outcry
- September 22, 2016

That effort has made the so-called auto-injector a must-have for anyone with a serious allergy - perhaps to bee stings or tree nuts - that may trigger anaphylaxis, a life-threatening reaction in which the airways swell and close. "This unprecedented move is the fastest and most direct way to reduce the price for all patients", she told the committee. Again, this failed to impress the committee. (more...)
Libya Exports First Oil Cargo From Ras Lanouf Since 2014: Port Manager Libya Exports First Oil Cargo From Ras Lanouf Since 2014: Port Manager
- September 22, 2016

A second tanker, the Syra , is scheduled to depart from Ras Lanuf within days. His forces handed the ports over to the National Oil Corporation (NOC), which said that crude exports would resume "immediately" from Ras Lanuf and another of the four, Zuwaytina. (more...)
Company restarts gasoline pipeline after leak in Alabama
- September 22, 2016

Other gas stations limited the amount of fuel each customer could purchase. Wednesday, drivers saw some improvement at popular gas pumps in Raleigh. Motorists could pay more for gasoline in coming days, although experts said any spike in service station prices should only be temporary. (more...)
As Trump rises, Clinton sticks with traditional playbook
- September 21, 2016

Hillary Clinton leads Donald Trump by 5 points in the battleground state of Florida, according to a Monmouth University poll. But it's smaller than her lead in the previous Monmouth poll in Florida last month, which showed Clinton up by 9. (more...)
Beyonce too sick for Emmy Awards Beyonce too sick for Emmy Awards
- September 20, 2016

We're not mailing this to her. Maggie, if you want this, it'll be in the lost and found. No, these stars put some serious effort into the Emmys outfits... Needless to say the Beyhive , as her diehard fans are known, were all abuzz. While many think Beyoncé chose not to attend the Emmys because she had a hunch she wasn't going to win, we can also consider the idea that maybe she was just too exhausted from her recent performances during the Formation World Tour. (more...)
Wenger praises unlikely Arsenal hero after Hull win
- September 19, 2016

Arsene Wenger's side took the lead after 17 minutes at the KCOM Stadium when Alex Iwobi's shot deflected in off Sanchez. "I started him previous year because I've seen that there's something in him that is quality of vision, quality of give and go, of movement", he said. (more...)
Two Arsenal Attackers Singled Out For Praise By Wenger
- September 19, 2016

Wenger said that Sanchez should not have been taking the penalty. "Santi was down to take it, I don't know why it did not happen", Wenger said. 11 against 11, I thought we played well. On-going takeover talks and uncertainty over the future of caretaker manager Mike Phelan, who is yet to accept an offer to take the job full-time, have contributed towards the downturn in results for the pre-season relegation favourites, who had pulled it back to 2-1 with a late penalty from Scotland ... (more...)
Ian Wright reacts on Twitter to Granit Xhaka's Arsenal screamer
- September 19, 2016

Sanchez could even afford to miss a first-half penalty at the KCom Stadium - where Hull were reduced to 10 men - as the Gunners continued their recovery following a slow start to the season which saw them take only a point from their first two games. (more...)
OPEC tries to heal wounds before crucial meeting OPEC tries to heal wounds before crucial meeting
- September 19, 2016

Iran has said it would only cooperate on the freeze if fellow exporters recognised its right to fully regain market share to pre-sanction levels. It will be too early for Iran to discuss freezing crude output when the world's biggest producers meet this month in Algiers, according to an official from the country's state-oil company. (more...)
Goodyear jumps after company raises dividend, reaffirms 2016 target Goodyear jumps after company raises dividend, reaffirms 2016 target
- September 19, 2016

The Goodyear Tire & Rubber Company (GT): The consensus price target for The Goodyear Tire & Rubber Company (GT) is $33.8 for the short term with a standard deviation of $8.11. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. (more...)
Rosberg fastest in FP3 as Hamilton struggles
- September 18, 2016

Formula One teams tested their machines one more time ahead of the qualifying session at the 2016 Singapore GP. Red Bull's Max Verstappen was fourth, but last year's victor Sebastian Vettel had a disaster in his Ferrari, as a broken anti-roll bar relegated him to the back row of the grid when he failed to get out of Q1. (more...)
Delhi Health Minister rejects complaints of shortage of beds in govt. hospitals Delhi Health Minister rejects complaints of shortage of beds in govt. hospitals
- September 18, 2016

Chikungunya is taking its toll in the national capital where the number of cases have climbed to over 1,000 this season and fever clinics are getting swamped with rush of patients. Nadda to call a meeting of health ministers of Delhi and neighbouring states to review healthcare facilities. "We have had five deaths in the past three weeks of patients with chikungunya fever, most of whom were elderly". (more...)
East Coast faces gas shortages, price hikes after pipeline leak
- September 18, 2016

These declarations will loosen restrictions on fuel trucks, enabling them to act in place of the pipeline, and keep the fuel supply flowing. In neighboring Georgia, Gov. Alabama and Georgia has declared a State of Emergency because of the spill. Fuel supplies in at least five states are threatened by a gasoline pipeline spill in Alabama, and the U.S. (more...)
Bayer to acquire Monsanto for $57B
- September 16, 2016

In a deal that publicly began months ago, it's now official: Bayer is buying Monsanto for a whopping $66 billion ($128 per share). Together, Bayer and Monsanto will represent a global giant weighing 23 billion annual turnover of euros and involving close to 140,000 employees. (more...)
Oil prices drop on returning Libya, Nigeria supplies Oil prices drop on returning Libya, Nigeria supplies
- September 16, 2016

Crude oil inventories in the US fell by 600,000 barrels last week to 510.8 million barrels, the Energy Information Administration reported , adding that they remain at unseasonably high levels. Also worrying in the U.S.is the shutdown of the Colonial Pipeline Line 1, which transports 1.2 million barrels of gasoline a day from Texas as far as New Jersey. (more...)
More than 30 oil pipeline protesters arrested in last 2 days
- September 16, 2016

Amidst the controversy of the Dakota Access Pipeline project, the North Dakota Public Service Commission held a hearing for another pipeline in McKenzie County. They argue it would cross through sacred sites and could pollute local drinking water. Energy Transfer Partners has pumped hundreds of thousands of dollars into lobbying policymakers in Washington D.C. (more...)
What You Should Know If You Think Wells Fargo Ripped You Off What You Should Know If You Think Wells Fargo Ripped You Off
- September 14, 2016

Already, Wells Fargo officials said the bank has hired an outside firm that has reviewed customer accounts looking for bogus accounts and that the bank has paid $2.6 million in refunds so far. "You don't get over 5,000 employees all doing the same thing, all ripping off customers, without some type of coordination or incentive that led them to take such actions", he said. (more...)
Clinton didn't think pneumonia a big deal
- September 14, 2016

Clinton said . The Trump supporter was not ejected by security. But she didn't back down from describing his campaign as largely built on prejudice and paranoia. O'Reilly, who just released his newest book, "Killing the Rising Sun: How America Vanquished World War II Japan", also defended his former boss and Fox founder, Roger Ailes, who stepped down as chief executive following sexual harassment charges from former employee Gretchen Carlson. (more...)
Chevy Bolt gets 238 miles of electric range Chevy Bolt gets 238 miles of electric range
- September 14, 2016

The latter, its battery-SUV, fell nearly two years behind the mark. The Chevy Bolt is meant to change all that, though it's going to be an uphill climb to convince the average buyer to even consider an electric auto. "It's all about customer convenience". GM's range announcement on Tuesday may offer one of the first glimpses into the value proposition for the all-electric Bolt. (more...)
Americans got raise last year for first time since 2007 Americans got raise last year for first time since 2007
- September 14, 2016

The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent. This is the largest year-to-year increase since 1997 to 1998 when median household income increased 3.7 percent - making this the largest increase over the past 17 years. (more...)
Potash, Agrium to combine and create new fertilizer company Potash, Agrium to combine and create new fertilizer company
- September 12, 2016

The new company will be based in Saskatoon, Saskatchewan, the current location of Potash Corp.'s headquarters. Under the terms of the merger, each Potash share will be exchanged for 0.400 common shares of the new company, while each Agrium share will be swapped for 2.230 shares of the new company. (more...)

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