Markets

Hillary Clinton cancels California trip after pneumonia diagnosis, stumble at 9/11 ceremony

Hillary Clinton cancels California trip after pneumonia diagnosis, stumble at 9/11 ceremony

Clinton is a healthy 67-year old female whose current medical conditions include hypothyroidiam and seasonal pollen allergies", wrote Dr. Lisa Bardack, Clinton's doctor since 2001, in a health statement provided by Clinton's campaign. Democratic presidential candidate Hillary Clinton's health issues are at the forefront of her campaign Sunday. But that probably won't stop conservative pundits and politicians from insinuating that Clinton is hiding something about her health. Read More

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Volkswagen engineer indicted in United States emissions case

The automaker has already agreed to spend an estimated $16.5 billion to settle civil litigation regarding 2.0-liter diesel vehicles, pay environmental reparations, compensate dealers and resolve state lawsuits. Liang pleaded guilty to conspiring to defraud the US public about Volkswagen's vehicle emissions. As part of the deal, prosecutors won't use Liang's criminal conduct against him when he's sentenced on January 11. Read More

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Seoul eyes consolidation as Hanjin Shipping files for receivership

Seoul eyes consolidation as Hanjin Shipping files for receivership

Unlike South Korea's shipbuilding industry, which includes the world's three-largest manufacturers, shipping liners are not huge employers, giving them less political clout. But Hanjin Shipping demanded additional support from the creditors, saying that they could collect 500 billion won (US$434 million) only. The KDB's decision to stop backing Hanjin Shipping shows the government is taking a tougher stance with troubled corporate groups. Read More

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Wells Fargo Is In Trouble For Charging Customers Millions For Bogus Accounts

Wells Fargo Is In Trouble For Charging Customers Millions For Bogus Accounts

In the first quarter, about $2.6 million was refunded to clients as a result of that review , and refunds averaged $25, she says. "They nearly doubled our goals and decreased our incentive pay". For those employees, who typically make far less than high-ranking executives, bonus pay can be an important slice of their compensation. That image is in danger now of being challenged by disclosures of improper account and product openings by employees unveiled in an enforcement action the bank ... Read More

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Apple CEO Tim Cook on EU's tax ruling: 'Total political crap'

Asked about Mr Cook's assertion that the commission's accusation that the company paid 0.005 per cent tax in 2014 was false, Ms Vestager said the commission had used figures supplied by Apple in US Senate hearings in 2013. Cook on Thursday said in another interview with Irish broadcaster RTE that he is "very confident" the ruling will be overturned. The Education Minister says the ruling simply has to be appealed. Read More

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Oil Up on Weaker Dollar Following Jobs Report

Oil Up on Weaker Dollar Following Jobs Report

Shortly after the removal of the sanctions, Iran increased its oil production by several hundred thousand barrels per day. Depending on market conditions, the Islamic Republic was ready to raise its oil output to 4.0m barrels per day over the next two to three months, Seyed Mohsen Ghamsari, the director for worldwide affairs at the National Iranian Oil Company, said at the Argus Crude Forum, according to Reuters. Read More

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Tesla Looks to Upgrade Controversial Autopilot, Raise More Cash

Palo Alto-based Tesla plunged 5.3 percent in Thursday's trading, while San Mateo-based SolarCity nose-dived 9.1 percent. The Autopilot mode of Tesla has caused a few problems since it has been introduced. Tesla booked a net loss of $486 million in 1H2016, increasing 78% from the same period a year ago. "We think it has the appearance of being a bailout", said Efraim Levy, an S&P Global Market Intelligence analyst who has a rare "sell" rating on Tesla . Read More

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Allardyce Reveals Team To Face Slovakia

While insisting the squad has moved on from that harrowing defeat against Iceland in Nice in June, the need for England to win on Sunday and start the process of restoring faith in the national team is not lost on Lallana. Jan Kozak's side accumulated four points in Group B and were one of the "best" third-placed finishers and narrowly advanced to the knockout round following the infamous 0-0 with England . Read More

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No gold for Yogeshwar Dutt

No gold for Yogeshwar Dutt

The same rule was followed in the case of Yogeshwar, who had lost to silver medallist, the late Besik Kudukhov of Russian Federation, before winning bronze. Given the silver-medalist had also tested positive earlier, reports suggest that Yogi's medal may be upgraded to Gold, but it is yet to be confirmed. Read More

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Ireland doesn't want $14.5 billion in tax from Apple

Ireland doesn't want $14.5 billion in tax from Apple

Fianna Fail technology spokesman James Lawless said earlier that Ireland had to appeal but admitted this would be hard to explain to voters who wanted the money "gift-wrapped on their doorstep". "We had two things that saved us: one was Apple , one was our pharmaceutical industry". "The royalties Apple collects for its overseas sales of products designed and developed in the USA should be taxed in the U.S", says Carl Levin, a former US senator who has been highly critical of Apple's use ... Read More

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Huge blast in Somali capital, clouds of smoke seen

Huge blast in Somali capital, clouds of smoke seen

At least 10 people were killed in a suicide vehicle bomb attack outside a popular hotel close to the presidential palace in Somalia's capital Mogadishu on Tuesday. Al Shabaab's Radio known as Andaluz reported that the group was the mastermind of the explosion. 30 others were also said to have been wounded in the attack. Read More

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Rajnath Singh in Kashmir; youth dies in fresh clashes

Prime Minister Modi, in his Independence Day speech, had said that he was thanked by the people of Balochistan and Pakistan-occupied-Kashmir, including Gilgit-Baltistan, for flagging their problems. Azad said the government should decide who to start the dialogue with in Kashmir. After the review meeting, the Home Minister had separate meetings with heads of para-military forces and state police chief for understanding their working conditions and also to enquire whether there was an ... Read More

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Antitrust regulators approve Tesla deal to buy SolarCity

Antitrust regulators approve Tesla deal to buy SolarCity

Elon Musk can breathe a temporary sigh of relief as he moves Tesla forward on the company's goal of acquiring SolarCity . Musk's purchase comes after the company revealed that it would cut down on operating costs to lessen expenses. SolarCity didn't disclose the total amount of money raised by the bond issue or detail how the new funds would be spent. Personal backing by owners and executives usually sends positive signals to the market about the business. Read More

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AstraZeneca to sell molecule antibiotics business to Pfizer

AstraZeneca to sell molecule antibiotics business to Pfizer

The deal gives Pfizer the opportunity to sell the pharmaceuticals in most markets outside the United States and Canada, as well as Merem in North America. Pfizer had planned that $119 billion acquisition as a so-called "tax inversion" enabling Pfizer to slash its USA tax bill by moving its nominal headquarters - but not its corporate offices or executives -to England. Read More

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At least 16 homes destroyed in Washington state wildfires

At least 16 homes destroyed in Washington state wildfires

Smoky conditions and tough-to-access terrain also causes concerns about firefighters' safety, Greiser said. A plane aids in firefighting efforts behind Hearst Castle as a wildfire burns in San Simeon, Calif ., Saturday, Aug. On Monday, the fire was just 35% contained. It's between West Yellowstone, Montana, a town just outside the park's western boundary, and Madison Junction within the park. Read More

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Stocks fall in early trading as oil prices decline

South Korea's Kospi index added 0.1 percent. South Korea .KS11, Australia and Shanghai .SSEC all gained. In Tokyo, the dollar slipped to 100.22 yen from 100.32 yen Monday in NY. Derivatives traders are fully pricing in just one rate hike over the next three years, overnight index swaps show. On Wall Street, stocks shares the same faith, absorbing an early session crude oil stumble, and following recent remarks from central bank officials. Read More

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