Markets

One person dead after officer-involved shooting in New London
- August 20, 2016

According to police, he pulled out a weapon when two officers confronted him, and officers responded by drawing their guns and shooting him. "The officers drew their duty weapon and shot the subject". Neighbors told WBAY-TV they heard about six shots fired. The state Department of Justice is handling the investigation. One resident recalls seeing a person on a bicycle getting shot. (more...)

Markets Right Now: Stocks opening flat on Wall Street (10 am)
- August 20, 2016

By the close the Dow Jones had added 0.1% to 18,574. The benchmark S&P index is up 7 percent since December 31. Power company Dominion Resources Inc . Discount retailer Ross Stores raised its profit projections after it surpassed Wall Street estimates in the second quarter, and its stock rose $3.30, or 5.2 percent, to $66.18. (more...)

Railroads show little progress on key safety technology
- August 20, 2016

While UTA officially showed zero progress in reports, FRA said 22 percent of all the nation's passenger track mileage now has PTC systems operating. "This is lifesaving technology available now, and railroads should aggressively work to beat the deadlines Congress has put in place". (more...)

Kinder Morgan (NYSE:KMI) Receives Overweight Rating From Morgan Stanley Analysts
- August 20, 2016

In the past 5 years, the stock has earnings growth rate of -10.17% per annum while the Upcoming 5 year's earnings growth rate is expected to be 8.37% per annum. It touched its peak point at $36.68 and its lowest price point stood at $35.29 in last session after starting the trading at $. Kinder Morgan, Inc . (more...)

Gawker Closing After 14 Years In Business, Hulk Hogan Gloats
- August 20, 2016

Gawker said Denton, the company's chief executive, informed staffers of the news Thursday afternoon, a few hours before a bankruptcy court in Manhattan decides on Univision's offer. Commenting on the news in an internal email seen by Politico, Denton said: "I am relieved that, with the approval today of the agreement with Univision , that we have found the best possible harbor for Gizmodo, Lifehacker, Kotaku , Jalopnik, Jezebel and Deadspin, and our talented writers and other staff". (more...)

Dollar rebounds after Fed's Williams adds support for rate hike
- August 20, 2016

Recent comments from Fed officials suggested a hike in the world's largest economy could be on the cards as soon as next month, but signs of restraint within the rate-setting committee brought relief to markets, sending global bond yields lower . (more...)

As global instability grows, Canadian cities still among most livable
- August 20, 2016

Victoria's coastal capital was followed by Austria's Vienna in second place, while Canada's Vancouver and Toronto have been ranked third and fourth respectively. They offer a range of recreational activities, low crime levels and smart, stable infrastructure. The top five best countries to live in, according to the report, remained unchanged from a year ago. (more...)

Global stocks climb on signs United States rate hike off table for now
- August 20, 2016

The FOMC noted that some participants thought the Fed should wait until the economic data provided a "greater level of confidence", but also added a new twist in that the economy should be strong enough "to withstand a possible downward shock". (more...)

Govt to set up panel for improving India's innovation ranking
- August 20, 2016

The report released jointly by Cornell University, INSEAD, World Intellectual Property Organization (WIPO), A.T. Kearney and Confederation of Indian Industry (CII) showed Switzerland, Sweden, the United Kingdom, the US, Finland and Singapore lead the 2016 GII rankings. (more...)

Stocks indexes fall, dollar rises on rate-hike bets
- August 20, 2016

Gold for December delivery was recently down 0.6% at $1348.70 a troy ounce on the Comex division of the New York Mercantile Exchange. New York Fed president William Dudley and Atlanta Fed president Dennis Lockhart have also in recent days made the case that the USA economy is in good shape and that the Fed should soon restart an expected run of gradual rate hikes that it began last December but shelved amid financial market turmoil and fears of the effects of a slowdown in China and ... (more...)

Dollar up in Asia but gains capped by rate-hike doubts
- August 20, 2016

Speculation that the Federal Reserve would soon lift borrowing costs - a plus for the dollar - got a strong boost this week as an influential member of the central bank s NY branch hinted that a rate hike was possible as early as September. (more...)

Construction finishes on the 1st US offshore wind farm
- August 20, 2016

Energy experts believe that the construction of the first offshore farm in the United States is just the beginning- it will soon encourage the construction of more wind farms in the country in response to the growing demand for renewable energy solutions. (more...)

Elyria grad Tianna Bartoletta soars to gold in long jump
- August 20, 2016

It also describes her years of supremacy. The women's 200 meters was won by the same person winning the 100 meters: Elaine Thompson of Jamaica, running a 21.78, her best this season. The reigning European champion and two-time world championship bronze medallist said: "I am very happy to be here, to fight with these girls for the medals". (more...)

Macy's Shares Rise 17% on Store Closure Plan
- August 20, 2016

But Macy's appears to be taking seriously pressure from some of its investors to begin selling its stores, which are themselves valuable but may sit on even more valuable real estate. Last month it also announced it was experimenting with technology to help in-store shoppers. In the Region, it has stores at River Oaks Mall, in Calumet City, and Southlake Mall, in Hobart. (more...)

Japanese yen weakens on poor GDP data
- August 20, 2016

Private consumption, which accounts for roughly 60 percent of GDP, rose 0.2 percent, slowing from a 0.7 percent increase in the previous quarter. As such, a big overhaul to Japan's policy framework may be the only way forward for this struggling economy. (more...)

Corbyn on defending a North Atlantic Treaty Organisation ally
- August 19, 2016

But he admitted during the party's latest leadership debate that Labour will have to appeal to people who have previously considered voting for the Conservatives. The Labour leadership contest result will be announced on 24 September. Debate moderator ITV News' Carl Dinnen, attempted to quash tensions while Mr Smith said: "This is what is going wrong with the Labour Party". (more...)

Malcolm Turnbull gives a homeless man $5 in Melbourne
- August 19, 2016

Agnes Prest from the Whistleblowers Activists and Citizens Alliance (WACA) interupts Prime Minister Malcolm Turnbull. "Shame on you, close Nauru" the group yelled as security personnel tried to herd the protesters outside. Prime Minister Malcolm Turnbull has been spotted giving a $5 note to a homeless man while holding a wad of cash in his other hand. The government has faced ongoing domestic and global criticism over offshore detention efforts this week, after more than 2000 incident ... (more...)

Gawker sold to Univision
- August 19, 2016

Univision's purchase, which is set to go before a U.S. bankruptcy judge on Thursday, shows how keen the company is to expand its digital media portfolio and court a millennial audience. One of its key targets for new revenue: English-speaking Millennials who are willing to experiment with new news sources and don't mind a bit of pizzazz in editorial presentation. (more...)

Gawker sold to Univision in aftermath of Hulk Hogan case
- August 19, 2016

In March, a USA jury in Florida ordered that wrestling star Hogan be allowed to collect $140 million in total compensation after Gawker published a videotape of him having sex with a friend's wife. Representatives from Gawker and Univision didn't immediately respond to requests for comment outside of normal business hours. Gawker maintained it had a 1st Amendment right to present the tape excerpt on the web because Gollea had publicly discussed his sex life in the past, making it a ... (more...)

Trump says Obama-ISIS remark was sarcasm
- August 19, 2016

Trump raised eyebrows when he made that claim and gave many details of what he said he saw in the film. But Trump did not explain fully what he meant . "I do. He was the most valuable player". Trump had previously said Clinton founded the militant group, but shifted the blame to Obama on Wednesday during a rally in Florida. (more...)