Economy

Shareholder Union Investment says Deutsche Bank not 'in crisis'

Troubled Deutsche Bank received a stern warning from a top official of the International Monetary Fund that it must prove to investors that it has both the assets and an effective business model to survive a massive USA fine for its role in the global subprime mortgage debacle.

Fiat Chrysler, Unifor begin negotiations on new contract

Talks are set to begin after workers at General Motors accepted their new contract. However, union leaders said they were satisfied with the outcome of the negotiations. "We can have the best wages and benefits in the world, but it doesn't mean a damn thing if your plant's closed". "Our government is now working with our partners at GM, Unifor and the federal government to assist in landing these new product investments", Duguid said in a statement.

Apple to base London headquarters at Battersea Power Station

In a statement to Mashable , Apple said employees from eight existing offices around the city will relocate in the "new London campus" which will open in 2021 . The news will no doubt come as an enormous sigh of relief for the consortium of Malaysian developers that are now working to redevelop the Battersea site into a new mixed use development of homes, offices and retail space.

Federal Corruption Charges Filed Against Current and Former Top State Officials

Federal prosecutors on Thursday announced charges against nine men, including two former advisers to New York Governor Andrew Cuomo, in a corruption and fraud case involving state contracts worth hundreds of millions of dollars. One of Governor Andrew Cuomo's closest confidantes who had served as a top aide until early this year is facing federal corruption charges . "Like my father before me, I believe public integrity is paramount", the governor added, referring to Mario Cuomo.

Marriott International Completes Acquisition of Starwood Hotels & Resorts Worldwide

Marriott CFO Leeny Oberg said on Friday's conference call that Marriott will try to sell Starwood's owned hotels while retaining the management and branding contracts. Starwood Hotels & Resorts Worldwide, Inc. Silver member in Marriott will be in Preferred Plus the lowest category of Starwood. Host Hotels and Resorts Inc (HST) made into the market gainers list on Tuesdays trading session with the shares advancing 0.06% or 0.01 points.

U.S., Israel agree on largest military aid deal in history

Katz: That's an old story, if you look at the way things are handled in the Security Council, although we can say the same about China as well, but the United States will always veto any attempt whatsoever that deals with Israel's criminal aggression against the Palestinians in Gaza.

More charges likely in case of abduction, bodies found

At the end of the call, the police arrive and take Grate into custody. Remains of two people were found in the residence when police searched the two homes on Covert Court Tuesday after the 911 call. She says that Grate is sleeping in the same room where she was calling from. The police statement says the coroner hasn't determined her cause of death or identified the second body.

Furniture prices rise at slower rate; material costs grow

Since the European Union referendum, the value of the pound has fallen, however much of the effect of this reduced value of sterling has been seen in the increased cost of raw materials and imports "for the second month running" according to the ONS' Mike Prestwood.

Sportech plans disposal of betting game for almost £100m to Burlywood Capital

Sportech wants to sell the betting firm, which began 93 years ago and was once the main way to gamble on football, to focus on its USA business. It plans to apply for admission on AIM of a new company set up to buy The Football Pools and to finance the acquisition through a combination of equity from institutional investors and a new debt facility.

Is Hanjin Collapse a 'Lehman' Moment for Shipping?

The world's largest container shipping company Maersk Line, a shipping unit under A.P. Moller-Maersk Group, on Sunday said the cargo crisis caused by Hanjin Shipping's abrupt collapse has positively affected the company for the short-term.

ValueAct buys stake in Seagate Technology

The firm's revenue for the quarter was down 9.3% on a year-over-year basis. Also, SVP Mark Re sold 12,750 shares of Seagate Technology PLC stock in a transaction that occurred on Wednesday, August 24th. 07/12/2016 - Seagate Technology . had its "buy" rating reiterated by analysts at BTIG Research. Friday bloom on Seagate Technology plc (NASDAQ:STX) [ Trend Analysis ], stock moved down around -0.55% in early session as its gaining volume of 4.74 Million.

Australia's economy has grown for 25 years straight

It actually grew 1.0% in the first quarter, revised from a previously estimated growth rate of 1.1%. Compensation of employees rose by a modest 0.5 per cent in the June quarter to be 3.1 per cent higher through the year. Total investment was flat in the quarter, with the continued reduction in engineering construction associated with the mining sector offset by growth in public investment.

Five-Star Center DeAndre Ayton Commits To Arizona

Against Sunrise, Ayrton messed around and earned a triple double with 52 points, 33 rebounds and 10 blocks in what was by far his best game. DeAndre Ayton made his announcement live on ESPN Tuesday night, picking Arizona over United Kingdom and Kansas.

Zambia Out Of Time With Challenge

Lungu won the election by a narrow margin according to official results, garnering 50.3% or about 100 000 votes. Zambia is known for its relative stability, but the run-up to the vote was marked by clashes between supporters of Lungu's Patriotic Front (PF) and Hichilema's United Party for National Development (UPND).

Fertilizer giants Potash Corp, Agrium talk merger

The deal would come after a series of tie-ups and acquisition talks reshaping the world of agricultural, seed, fertilizer and pesticide products. In addition to cost synergies, the market is likely baking in improved industry fundamentals from the deal, most likely better potash pricing.

Wall Street set to open little changed

The S&P 500 financial index rose 0.6 per cent, with Wells Fargo and JPMorgan rising about 0.8 per cent. Mounting expectations for a Fed hike this year boosted financial stocks on both sides of the Atlantic, limiting losses in USA shares and helping the pan-European STOXX 600 (.STOXX) hit its highest level since mid-August.

Iraq to support oil output freeze at OPEC meeting - PM

Iran was producing that much before Western sanctions brought its oil exports down. Oil entered a bull market August 18, less than three weeks after tumbling into a bear market, as prices surged partly on speculation that talks next month among members of the Organization of Petroleum Exporting Countries may result in action to stabilize the market.

Tata Motors profits fall on weak Jaguar Land Rover sales

According to Tata Motors, which declared its results in a regulatory filing on Friday, the foreign exchange issue impacted Tata Motors' British arm Jaguar Landrover (JLR). JLR's profit during the quarter declined 38.2 per cent to £304 million but revenue increased 9.2 per cent to £5,461 million compared to a year-ago period.

Best Buy shares soar on surprise rise in comparable-stores sales

Joly said. In addition to its traditional brick and mortar stores, Best Buy has an increasingly strong online presence with BestBuy.com and the Best Buy app for Android and iOS. Domestic revenue totaled $7.9 billion. Earnings Roundup: In the last fiscal quarter alone, Best Buy Co., Inc. generated almost $8.44B in sales and net income of $0.44/share.

Mylan says it will expand programs that lower EpiPen costs

It saves you all of the costs of going to the hospital - just an ambulance ride can be $1,000 - so for $300 you can save five-, or ten-, or twenty-thousand dollars. She has also sharply criticized Turing Pharmaceuticals for raising the price of an antiviral medication commonly used by AIDS patients and pregnant women, to $750 from $13.50 a tablet.

Hull confounding grim preseason forecasts in Premier League

He was unfortunately forced off after an hour with an ankle problem, consequently missing out on wins over AFC Bournemouth and Southampton. But while Hull's superb performances are probably the exception to the rule, teams which would have been expected to play a part higher up in the table are now struggling with poor results.

A.r. Schmeidler Lowers stake in J M Smucker Co (SJM)

Comparable net sales for the full year are now expected to be flat to down 1 percent, compared to previous estimate of growth of 1 percent. Wall Street expects Best Buy Co Inc (NYSE: BBY) to report quarterly earnings at $0.43 per share on revenue of $8.40 billion before the opening bell.

Did Christie help Trump out of millions in casino debt?

Christie spokesman Brian Murray said in a statement Wednesday, though, that Christie was not involved in the settlement, which was handled by the state Department of Treasury and Office of the Attorney General. The Times reported that a Trump spokeswoman did not provide comment for the piece. Though it's not clear what role Christie will play in Trump's campaign, the Republican nominee has already started to announce his leadership picks.

What Brokerage Suggest Today? NVIDIA Corporation (NASDAQ:NVDA), LinkedIn Corporation (NYSE:LNKD)

Recently, analysts have updated the mean rating to 2.5. The average true range of NVIDIA Corporation's (NVDA) is recorded at 1.19 and the relative strength index of the stock stands 74.10. Nvidia has also branched out into new areas including deep learning , AI and even the automotive sector, and the company is reaping the rewards.

Disney revenue jumps 9 percent

Yelp reported second-quarter earnings of 1 cent per share on revenue of $173 million. Excluding special items related to separate United Kingdom merchant litigations taken in both this quarter and the previous year's quarter, the company reported net income of $1.1 billion, an increase of 10% or 11% on a currency-neutral basis, and earnings per diluted share of $0.96, up 13% or 14% on a currency-neutral basis versus the year-ago period.