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Ringgit may continue to weaken following no change in FOMC rate


The comment on interest rates, however, showed a non-committal stance from the Fed, and is what likely caused the selloff in the Dollar. Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Read More »

Georgia Back-to-School Sales Tax Holiday


MS stores are gearing up for this year's sales tax holiday , which begins tonight just after midnight and continues all day Friday and Saturday. The Ohio Sales Tax Holiday is created to allow your family to stretch a dollar further during this important time of year. Read More »

NextEra agrees to buy Texas electric giant Oncor for $18.4B


Regulators cited their belief that the deal was not in the public interest as one of the main reasons for rejecting it. NextEra may have learned something from that experience, offering a detailed list of bullet points in its press release about the benefits of the deal to Oncor and its customers. Read More »

Monte dei Paschi Board Approves Plan to Shed Bad Loans

Monte dei Paschi confirmed early this morning that it had received letters from Passera and UBS containing proposals for the bank. BMPS would suffer a 14.23 percent plunge in its core capital ratio - a key measure of a bank's financial stability - by 2018 under an economic shock scenario being modelled by the European Banking Authority. Read More »

Clinton ready to sell herself in biggest political moment

Her nomination came 24 years after her husband's and eight years after her first bid. Following reports Russian Federation hacked Democratic Party emails, Trump said he'd like to see Moscow find the thousands of emails Clinton deleted from the account she used as secretary of state. Read More »

Roll call: Clinton heads to convention with 2814 delegates

Wasserman Schultz's abrupt departure was undoubtedly an effort to keep the Democrats' gathering from devolving into the tumult that marred last week's GOP meeting, when runner-up Ted Cruz pointedly and publicly refused to endorse nominee Donald Trump. Read More »

China green lights ride-hailing services with new regulations


American rideshare company Uber and its Chinese rival Didi Chuxing are cruising on the good news today that China has taken a step towards making their businesses more legal. "We call for local authorities to adopt market-driven approaches that encourage innovation and new business models in order to continue serving the real needs and interests of our ecosystem participants", Didi wrote. Read More »

Vikings give coach Mike Zimmer a contract extension


Last season, Zimmer led the Vikings to an 11-5 record and the first NFC North Championship since 2009. At various points during his time with the Vikings, it probably would have been fair to wager the first two coaches Greenway played for - Brad Childress and Leslie Frazier - would have lasted longer than they did. Read More »

Boeing reports first quarterly loss in nearly 7 years

The report of a quarterly loss comes days after one of Boeing's key suppliers, Rockwell Collins, publicly called out the company for being behind on $30 million to $40 million in bills for various electronic and cockpit equipment. Finally, Boeing is recording a $393 million after-tax charge related to its KC-46 Pegasus military tanker development program. Even as airlines started preferring more efficient two-engine aircraft, such as the Boeing 777 and Boeing 777-300, the ... Read More »

Tim Kaine gets a warm homecoming in Richmond

Ms Warren, in contrast, is known for her fierceness, particularly when going after Wall Street and big banks, and is a favourite of the party's radical base. However, Sanders said the emails will not impact his support for Clinton. Here's what you should know about Tim Kaine: He's 10 years younger than Hillary, he's fluent in Spanish, he's a former lawyer, and many consider him to be the definition of a "safe" pick. Read More »

Whole Foods shares fall as Goldman downgrades, says 'wellness has gone mass'

Investors will be closely watching the EPS estimate movement leading up to the expected report date. Current revenue movements show that, the company has set average revenue estimates of 3.73B covering forecast of 20 analysts. Credit Suisse analysts say Whole Foods may have exceeded its $300 million cost-cutting target, though investment in repositioning is expected to increase in the third quarter. Read More »

Hillary Clinton becomes Democratic nominee, making history at DNC


In November, she will take on Republican Donald Trump . Almost $33 million of that amount was for the Democratic Congressional Campaign Committee, the House Democrats' fund-raising arm. "Tim Kaine of Virginia", cleveland.com's Jeremy Pelzer writes . At the finish, Clinton said choosing the "real one" would mean voters would be blessed by their children and grandchildren. Read More »

Facebook trounces Wall Street estimates as ad sales growth soars


Analysts had feared Facebook's growth would show new signs of deceleration, but the behemoth is reporting steady growth in mobile revenue, even ticking up slightly the last four quarters. "Our community and business had another good quarter", said Facebook founder and chief executive Mark Zuckerberg . Previously it was organized in reverse-chronological order. Read More »

Fiat Chrysler raises outlook as Q2 profits jump 25 percent


In its report , the company also explains how going forward, it will attempt to be "transparent" following reports that it has been pumping up its vehicle sales data, and that from now on, FCA will be using a "new methodology" for counting the number of cars sold. Read More »

Beijing urged to accept South China Sea ruling

Foreign ministers from China, Japan and South Korea supported the ASEAN Community and backed ASEAN playing a central role in regional cooperation. Brunei, Malaysia, the Philippines, Taiwan and Vietnam have rival claims. The Philippines, which says it owns areas claimed by China, took the case to a Hague-based tribunal for arbitration. Read More »

Turkey: Erdogan to meet Putin Aug. 9 in Russia


A senior Turkish official, speaking on the condition of anonymity in keeping with government protocol, said the dismissal of the journalists was not related to their professional activities, but possible criminal conduct. Gulen, 75, whose foundation runs a global network of schools, charities and media interests, has strongly denied the accusations. Under a portrait of Turkish Republic founder Mustafa Kemal Ataturk, Turkey's President Recep Tayyip Erdogan chairs the cabinet meeting, in ... Read More »

Fiat Chrysler to invest $1.48 billion in Sterling Heights plant


The automaker's decision to issue a lengthy explanation detailing how the company and its dealers report sales comes in the wake of media reports and a federal investigation that questions the way it reports sales. During three months - September of 2013, August of 2015 and May of 2016 - sales would have declined under the new reporting methods. Before the disclosure, the Italian-U.S. Read More »

Honduras detects 8 cases of babies with Zika-related defect

Health officials in Barcelona say a woman has given birth to a baby boy with microcephaly associated with the Zika virus - the first detected case in Spain . " Spain has 190 known Zika cases to date, according to the country's health ministry, 189 contracted overseas, while one case was sexually transmitted". Read More »

BlackBerry's new Android smartphone is a rebadge of the Alcatel Idol 4

Everyone should be aware of security and privacy, he noted, whether they're the CEO of a Fortune 500 company or a parent. BlackBerry has not reached any agreements with Verizon, AT&T or T-Mobile to distribute the DTEK50. Earlier this month it said it would cease production of its Classic handset, which uses its own BlackBerry 10 operating system. The DTEK50 features a 5.2-inch screen, expandable memory up to 2GB, and a 13-megapixel camera . Read More »

Yahoo's core business sold for $4.83b

A spokesman for Yahoo said it's "too early to say" whether she will stay on as CEO, accept a new role at Verizon , or step aside. But most of that money has flowed to Google and Facebook, two companies that eclipsed Yahoo during its long slide from a sensation to a dysfunctional also-ran. Read More »

Verizon and Yahoo deal has $4.8 billion price tag


That portfolio of brands also includes what AOL has invested in and grown, including The Huffington Post , TechCrunch , the web magazine Engadget , the digital platform MAKERS , and ONE by AOL for publishers and advertisers. Under Armstrong, AOL has beefed up its advertising technology with a string of acquisitions, and launched the mobile video service go90. It's unclear what Mayer will do after the deal closes. Read More »

Province to tax foreign buyers of Metro Vancouver homes


Foreign nationals could avoid the tax, which would take effect on August 2, by purchasing properties through locals - something that is already suspected to be common practice. Vancouver real estate agent Tom Gradecak, who specialises in neighbourhoods popular with Chinese buyers, said he been flooded with calls from clients anxious about sales that could fall through now because of the new tax. Read More »

At least 40 percent of Canada oil spill recovered

Oil recovery efforts are underway. Officials said they planned to shut supply intakes if the oil spill reached the community of 14,000 people, which could happen as early as Friday. Further east, Husky has been lauded as "really diligent" by Saskatchewan's Environment Ministry manager of Hazmat and Impacted Sites, Ralph Bock, for its response to the incident. Read More »

Solar Impulse 2 Begins Final Leg Of Around-The-World Flight


To find out more about Solar Impulse and the idea behind the clean technology plane, take a look at the plane's blog here. Today at 23:28 GMT (July 24, 1:28 am EET), the single-seater aircraft took off from Cairo International Airport with Bertrand Piccard at the controls. Read More »

Verizon, Yahoo set to announce $5 billion deal

The deal, for its core business and some real estate, will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February. If the deal goes through, Verizon plans to combine Yahoo's internet assets with AOL , according to Recode . AT&T and Quicken Loans founder Dan Gilbert, as well as firms Vector Capital Management and TPG, were also active in bidding for Yahoo . Read More »