Markets


Amancio Ortega dethrones Bill Gates as richest person in the world Amancio Ortega dethrones Bill Gates as richest person in the world
- September 10, 2016

They say his fortune gained $1.7 billion on Thursday, and his net worth is now estimated to be $77.8 billion to $79.5 billion. The reclusive Spaniard, a former railway worker, first overtook the Seattle-based computer nerd when shares of his company Inditex, which owns Zara and other clothing companies such as Massimmo Dutti, surged by 2 percent on Wednesday. (more...)
House passes 9/11 legislation as Obama veto threat looms
- September 10, 2016

Two top Senate Democrats are pushing President Obama to sign a bill that allows the families of 9/11 victims to sue Saudi Arabia in USA courts. They argue that if Saudi Arabia, or any other government, is innocent of involvement in attacks, they have nothing to fear from the legislation. (more...)
Jon Voight on Donald Trump: 'How Can Anyone Doubt His Sincerity?'
- September 10, 2016

As GOP presidential nominee Donald Trump courted evangelicals at the Values Voter Summit on Friday, he followed his recent practice of reading from teleprompters. This was only Team Trump's latest exercise in (rather successfully) wooing Christian and evangelical leaders and voters into his camp. Instead, over the course of the primary, the opposite happened. (more...)
Pence releases 10 years of tax returns Pence releases 10 years of tax returns
- September 10, 2016

MSNBC reported earlier that Mr Pence was planning to release his returns Friday. Their highest combined income was $187,495, in 2009, and their lowest family income was $113,026 in 2015. Pence's financial disclosure form from August showed he and his wife had taken on almost $300,000 in loans to send their three children through college. (more...)
Do more heads need to roll at Wells Fargo?
- September 10, 2016

Now we know why. The Consumer Financial Protection Bureau (CFPB) announced Thursday that it had fined Wells Fargo $100 million over charges that thousands of its employees opened up secret accounts in customers' names to boost sales numbers. (more...)
Ford buys shuttle service as part of new mobility push Ford buys shuttle service as part of new mobility push
- September 10, 2016

In August, Fields said the automaker will be operating a self-driving auto service by 2021. Chariot is now operating a fleet of Ford Transit Vans, a "happy coincidence" according to Ali Vahabzadeh, Chariot's founder. Vahabzadeh told me that Ford can help with expansion not only in terms of funds and logistics expertise, but also through its relationships with governments in countries and cities around the world. (more...)
Standing Rock Sioux Tribe's request to stop work on pipeline denied
- September 10, 2016

But an advocacy group says the tribe's claims are misleading. Hasselman said that they'll "hope that construction isn't completed while that (appeal) process is going forward". It's been described as the largest unification of Native American tribes in decades. People from as far as NY and Alaska were there, as well as Canada. (more...)
Volkswagen engineer blamed in emissions scandal leaves Detroit court Volkswagen engineer blamed in emissions scandal leaves Detroit court
- September 10, 2016

He was directly involved in creating the so-called defeat device which was set up to disguise how much the vehicles really polluted. Liang was part of a diesel development team in Germany when he was assignment the cheat device project. Liang moved to the United States in May 2008 to assist in the launch of VW's new "clean diesel" vehicles in the US market, according to the plea agreement . (more...)
US and Samsung tell Galaxy Note 7 owners: Power down now
- September 10, 2016

Aviation regulator DGCA on Friday prohibited the use of Samsung Galaxy Note7 mobile phones onboard an aircraft following a series of incidents of the smartphone's battery exploding even as the company said it has delayed sales of the device to alleviate any safety concerns. (more...)
Asian stocks fall after European Central Bank stays pat Asian stocks fall after European Central Bank stays pat
- September 10, 2016

Yields of USA government debt are spiking after the European Central Bank said it would not extend its bond-buying program earlier on Thursday. The ECB said it would leave interest rates "this low or lower for a long time". In other energy trading, wholesale gasoline rose 7 cents, or 5.2 percent, to $1.42 a gallon. The ECB staff's economic estimates showed inflation is expected to increase only gradually. (more...)
Zlatan Ibrahimovic is phenomenal for the Premier League, says Andy Cole Zlatan Ibrahimovic is phenomenal for the Premier League, says Andy Cole
- September 09, 2016

Raiola will be interested in what takes place, though, as Ibrahimovic will be crossing paths with his former Barcelona coach Guardiola again. Guardiola and his players apparently watched Mourinho's presser from the team's hotel, but the reaction from the manager was one nobody could've predicted. (more...)
Wells Fargo fined $185M: Things to know Wells Fargo fined $185M: Things to know
- September 09, 2016

In all, Wells Fargo employees opened roughly 1.5 million bank accounts and applied for 565,000 credit cards that may not have been authorized by customers, the regulators said in a news conference. "I think this is unique to Wells Fargo and their particular situation and how hard they push on cross-sell", he said. Workers also issued and activated debit cards without consent - in some cases creating PIN numbers without telling customers - and also created phony email addresses to enroll ... (more...)
Colin Powell: Using private email same as private phone call
- September 09, 2016

The emails , Cummings said, showed that Clinton's use of a personal server was not outside of the norm for a person in her position. The main thing to remember is that Powell was not Clinton's boss, professor, mentor, or instruction-giver, and that his intentional misbehavior does not give sanction to hers. (more...)
Apple AirPods use Bluetooth after all
- September 09, 2016

Or you can use wireless headphones, which also have to be charged and cost $159. Stylish and futuristic looking, the white AirPods and their case fit in well with Apple's crisp design aesthetic. All this comes at a price with the iPhone 7 Plus 32GB, 128GB and 256GB models priced at starting at £719, £819 and £919 respectively. Another widely rumoured feature - a dual lens rear camera - also turned out to be true. (more...)
US govt names first-ever CISO US govt names first-ever CISO
- September 09, 2016

Now a deputy assistant secretary for cybersecurity and communications within the Department of Homeland Security, Touhill will report to federal chief information officer Tony Scott and will begin his new role later in September, according to a source familiar with the matter, Reuters reports . (more...)
Paul Ryan Criticizes Vladimir Putin Amid Trump's Praise for Russian Leader
- September 09, 2016

Donald Trump might not have revealed state secrets, but his controversial description Wednesday night of the agents who gave him his recent intelligence briefings still caused waves. Her remarks came following an NBC town hall on Wednesday night where Mr Trump asserted that Mr Putin was a better leader than President Obama . Trump campaign manager Kellyanne Conway spoke with Trump supporters in Congress on Thursday morning, and Trump spoke with the group by phone to thank them for their ... (more...)
Europe to open lower ahead of European Central Bank meeting
- September 09, 2016

The central bank kept the timetable for its quantitative easing programme unchanged, and ECB President Mario Draghi said that the possible extension of the programme had not been discussed, although bank committees had been ordered to consider options. (more...)
Analysts Review on Earnings Estimates: Donaldson Company, Inc. (NYSE:DCI) Analysts Review on Earnings Estimates: Donaldson Company, Inc. (NYSE:DCI)
- September 09, 2016

During last trade, its maximum trading price was registered $6.64 and it's the minimum trading price was noted $6.31. In taking a look at technical levels, shares are trading -5.02% away from the 50 day simple moving average and 1.68% away from the 200 day simple moving average. (more...)
[Ticker] UK: No second vote on Brexit
- September 09, 2016

Ex-Chancellor Lord Lawson told the BBC that Single Market membership with control over migration was "unnegotiable" should be abandoned as an objective, prioritizing certainty for British business and the economy. But Mrs May indicated she is seeking a tailor-made arrangement for Britain, telling her two counterparts that the final outcome would not necessarily follow "an existing model". (more...)
Closing Asia trip, Obama touts 'unprecedented' cooperation Closing Asia trip, Obama touts 'unprecedented' cooperation
- September 09, 2016

The encounter took place just before a dinner during a summit of regional leaders in Laos, officials indicated. A White House statement said: The exchange consisted of pleasantries between the two. The tough-talking president has also blasted United Nations -appointed human rights experts and rights watchdogs who have expressed concerns over the extrajudicial killings of more than 2,800 suspected drug dealers and users since Duterte took office. (more...)

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