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Dow closes down nearly 400 points on rate fears

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The Nasdaq set record highs on two consecutive days earlier this week. If anyone needs an explanation about why the stock market was soft on Friday, look no further than more Federal Reserve jawboning about the ability and desire to raise interest rates. Read More »

Volkswagen emissions scandal: Engineer pleads guilty, will cooperate

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As part of the certification process for each new model year, including model years 2009 through 2016, the co-conspirators continued to falsely and fraudulently certify to EPA and CARB that VW diesel vehicles met USA emissions standards and complied with the Clean Air Act , according to the plea agreement . Read More »

Wells Fargo fined $185 million for improper account openings

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If you're a Wells Fargo bank customer, you might have had a bank account or credit card in your name that you never knew existed until the fines began to rack up. "If the incentive compensation schemes or sales targets are implemented in ways that threaten harm to consumers and lead to violations of the law, then banks and other financial companies will be held accountable", he told reporters. Read More »

Stock To Watch: Dollar Tree, Inc. (NASDAQ:DLTR)

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The stock's market capitalization is 19.62B. Palladium Partners LLC raised its position in Dollar Tree by 0.7% in the second quarter. During its last trading session, Stock traded with the total exchanged volume of 2.78 million shares. Morgan Stanley set a $90.00 price target on shares of Dollar Tree and gave the company a "hold" rating in a report on Wednesday. 08/26/2016 - Dollar Tree, Inc . Read More »

Asia Minute: Korean Shipping Giant in Dangerous Financial Waters

Sherwood's ruling came after Hanjin Group said it will inject $90 million to help resolve disruptions to container cargo transport caused by Hanjin Shipping's financial troubles. Numerous caucus members represent the Long Beach and L.A. ports affected by the Hanjin situation. One of Hanjin's captains on board a vessel in worldwide waters close to Japan has said that his vessel was allowed to enter the Japanese port on Wednesday in order to unload cargo. Read More »

Friend of Mother Teresa celebrates her canonization

Her legacy complements Pope Francis's vision of a humble church that strives to serve the poor. This morning too, Francis gave powerful expression to hers and his commitment to the poor and the outcasts by inviting 1,500 poor and discarded people-cared for by her order across Italy-to attend the canonization. Read More »

Tim Cook calls EU's $14.5 billion ruling against Apple 'political crap'

The Apple boss said he would "love" to see the Irish government appeal against the commission's ruling to pay €13bn (£11bn) in back tax to the Irish government. Ireland's cabinet members are now deliberating whether or not they should follow Noonan's advice to appeal the Commission's ruling. "It is effectively proposing to replace Irish tax laws with a view of what the Commission thinks the law should have been". Read More »

Sports Direct boss blames poor treatment of workers on… trade union Unite

It expects underlying earnings to be around £300m this year, compared with a forecast of £309m, and £381m last year. The retailer said it would offer better working conditions for employees at its main warehouse in Derbyshire, and said shop staff would have the option of working guaranteed hours as an alternative to zero-hours contracts. Read More »

Chipotle shares jump as investor Ackman takes a bite

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The 2,124-store chain is "an attractive investment", Pershing said in a regulatory filing , but could use improvements with its board composition, operations and the financial condition of the company. Prior to today's spike, CMG shares had fallen 13.71% year-to-date. CMG closed Tuesday's regular trading at $414.07, up $5.66 or 1.39 percent. First off, Ackman's current 9.9% interest dwarfs the combined 2.86% interest held by Co-CEOs Steve Ells and Monty Moran. Read More »

On historic trip to Laos, Obama aims to heal war wounds

Nevertheless, the South China Sea issue is expected to once again be discussed at the three days of meetings hosted by ASEAN . Much of the global attention on Duterte during his presidential race focused on his unorthodox political style (using profanity and challenging rivals to duels) and later on his threats to kill all the country's criminals. Read More »

PayPal reaches deal with MasterCard for store payments

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Users will also be able to pull cash from their PayPal accounts using a debit card without being charged the digital wallet fee MasterCard now charges PayPal . This will allow consumers to use their tokenized Mastercard in their PayPal Wallet to make in-store purchases at the more than 5 million contactless-enabled merchant locations across the globe. Read More »

Iran supports $50-60 oil price, stability measures

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But even the appearance of increased coordination could boost prices. Still, prices have fallen sharply in the past few days. Nonfarm payrolls rose by 151,000 last month. "The fear of some intervention, kicked off today by Putin, and others potentially to follow, will probably help the market to stabilize", said Ole Hansen, head of commodity strategy at Saxo Bank. Read More »

General Electric to spend $1.4 billion on 3-D printing

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Shares of 3-D printing technology makers 3D Systems (DDD), Stratasys (SSYS), Voxeljet (VJET), and ExOne (XONE) are surging today after industrial giant General Electric (GE) this morning said it would spend $1.4 billion to buy two companies in the 3-D market, Arcam AB ( ARCM ) and SLM Solutions Group AG ( AM3D ), although Citigroup's Kenneth Wong today casts doubt on any related buyout implications for 3D Systems and Stratasys . Read More »

Russia, Saudi Arabia pledge to stabilize oil output

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There is now no need to limit oil output, Saudi Energy Minister Khalid Al-Falih said on Monday, after signing an energy agreement with his Russian counterpart Alexander Novak . Novak also said a production deal may not have to include Iran until Tehran's production had recovered to pre-sanctions levels. Instead, prices will remain subdued because the world is swimming in oil. Read More »

Osage Nation Sends Support to Standing Rock Sioux

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The Sacagawea Pipeline is pictured under construction on August 27 south of New Town, N.D. The Eastern Shoshone have passed a resolution in support of the Standing Rock Sioux, and the Wind River Native Advocacy Center has sent 17 people along with food, water and other supplies to southcentral North Dakota where about 1500 people are camping out. Read More »

Labor Day weekend warmup in Omaha area will bring chance of rain

Labor Day: High: 92 Mostly sunny and breezy. Clear, with a low around 59. Highs around 87°F/Overnight, look for partly cloudy skies. Light wind in the morning becoming east around 10 miles per hour in the afternoon. Some areas could pick up another 1 to 2 inches of rain. Off the coast, weather models have continued to project waves between 10 - 15 feet to even cresting at 20 feet well off the coast of New Jersey. Read More »

Hermine hits Florida coast as 1st hurricane in a decade

During the briefing with Scott, DEM staff said the storm will likely cross over the state to Jacksonville over about one day. Sandbags are being distributed in many Tampa Bay area locations . Greaves said he lived in South Florida when Hurricane Andrew devastated the area in 1992. The watch area includes the Georgia cities of Brunswick, St. Read More »

US Average 30-Year Mortgage Rate Rises to 3.46 Percent

FED FACTOR: Fed Chair Janet Yellen made comments Friday that were bullish on the economy but gave no timetable for future rate increases. Vice Chair Stanley Fischer suggested on CNBC that a rate hike as soon as next month was possible. MSCI's all-country world equity index.MIWD00000PUS was last up 0.13 points, or 0.03 percent, at 418.55. The S&P 500 declined 0.29%, the Dow Jones Industrial Average fell 0.35%, while the Nasdaq fell 0.29%. Read More »

Hurricane Gaston expected to weaken in the Atlantic

For the next couple of days, as this system tracks toward the northwest, near Cuba, it will continue to struggle to become more organize. "It's still expected to move into a more organized development but it's still too early to know what it's going to do", he said. Read More »

Will Canada join China infrastructure bank?

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Chrystia Freeland, part of Prime Minister Justin Trudeau's delegation in China, said she understands the "absolute importance" of the two countries' trade relationship, which includes billions of dollars worth of canola shipments. "Until now, the China-Canada relationship has somewhat lacked in stability and regularity". The delay may be seen as a victory for Trudeau, as the import dispute has taken center stage during his China visit. Read More »

Minister to visit Calais as anti-migrant tension rises

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Shopkeepers, police unionists and farmers are set to join hauliers in calling for the northern section of the Jungle camp at the French port to be demolished. He said: "While I have the deepest sympathy for the people of Calais , Monday's demonstration will achieve nothing other than chaos on the roads of France and Kent". Read More »

Tesla Motors Inc (TSLA) Needs More Cash for Gigafactory, Model 3

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As Tesla needs to raise additional cash, investors are thrashing the stock as it trades below 4% during the intra-day trading today. The horizontal orientation of the tablet is a noticeable difference compare to Tesla Model S and X. One of the biggest questions since Tesla Motors (NASDAQ: TSLA) unveiled its Model 3 in March has been how the electric-car maker would make customers pay for access to its robust Supercharger network . Read More »

Campbell "fresh" push falters on puny carrots, drink recall

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Campbell Soup's latest earnings report was not a pleasant one, as it reported a loss for the fiscal fourth quarter and adjusted earnings for the quarter and full year came in below analyst estimates. It has been assigned a low target price of $50 and a high target price of $68. The company's shares fell 4.5 per cent in premarket trading on Thursday. Read More »

Indiana University drone regulations tight despite new rules

The FAA's final commercial drone rules, issued in June, imposed a series of limits that will make Amazon's drone package delivery ambitions hard to achieve in the US unless the company can receive specific waivers. Businesses can apply for a waiver of most of the operational restrictions as long as they can guarantee its safety. "It opens up the doors again so people like me can do real estate photography, aerial photography, videography for sports events and things of that nature". Read More »

More than a million Indian workers to go on strike on Friday

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The RSS-affiliated Bharatiya Mazdoor Sangh (BMS) has pulled out of the strike. "CITU considers this statement a deliberate "misinformation campaign" to create confusion and to sabotage the countrywide general strike on Friday which all sections of workers and employees have already prepared to join", it added. Read More »

Trudeau hails new era of China-Canada ties on Beijing visit

Trudeau made the remarks in a brief meeting with Chinese Premier Li Keqiang in Beijing. Canada's growing openness to China could in fact help the Asian country ease global worries about its trade practices, Trudeau said. Trudeau is in the east Asian country for high-level meetings and the G20, which gets underway later this week, but the canola dispute is expected to dominate the trade agenda. Read More »

General Motors Expects Auto Sales Won't Match Record 2015

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GM on Thursday forecast 2016 sales at 17.3 million vehicles. "Despite tighter dealer inventories, we had a solid retail performance in August led by Chevrolet, which gained retail share in eight different segments", said Kurt McNeil, vice president of USA sales operations. Read More »

Mylan offers price relief for EpiPen

However, Mylan bosses have upset the actress by raising the cost of the prescription allergy medication to over $500 (£379), after price hikes in 2014 and 2015. Mylan also said that more than half the amount paid by the health care system for EpiPens goes to pharmacy benefit managers, insurers, wholesalers and pharmacy retailers, not to the company itself. Read More »

U.S. unwillingness to compromise ended TTIP - German economy minister

Though the office of the U.S Trade Representative on Monday said efforts to seal a trade deal between the usa and the European Union were still "making steady progress", the attempt to put an optimistic spin on the struggling negotiations was undermined once again on Tuesday as France's financial minister called for the outright suspension of talks. Read More »