Markets


Samsung China to recall 1858 Galaxy Note 7 smartphones: watchdog Samsung China to recall 1858 Galaxy Note 7 smartphones: watchdog
- September 15, 2016

The software update, which will be automatic, will begin at 2 a.m. local time on September 20, Samsung said in a statement. Samsung said Wednesday it was doing its best to push through a challenging recall of its Galaxy Note 7 smartphones, as it offered a software fix to jolt users into returning defective devices. (more...)
Wells Fargo cutting sales goals in wake of $185 million fine
- September 15, 2016

Abraham Simmons, a spokesman for the prosecutor's office in San Francisco declined to comment on the probe, while James Margolin, a spokesman for U.S. Wells Fargo saw a number of changes during Tolstedt's tenure - particularly at the end of it. Approximately 5,300 employees were fired in connection to the issue. (more...)
Apple unveils new operating system for iPhones
- September 15, 2016

Plus, users will be able to send messages that include animated on-screen banners, such as "Happy Birthday!" or "Congratulations!" "Everyone's saying #iOS10 is messing up their phones and I already pressed update ", said another Twitter user Newport Shawty, who could possibly come to regret the decision. (more...)
Asian shares mostly down on worries about global growth, Fed Asian shares mostly down on worries about global growth, Fed
- September 15, 2016

The looming US presidential election meant that there was already little likelihood that Janet Yellen, the head of the US Federal Reserve, would raise interest rates at next week's policy meeting. Brent crude, the benchmark for worldwide oil trading, lost 40 cents to $47.92 a barrel in London. The Nasdaq composite lost 61 points, or 1.2 percent, to 5,151. (more...)
British retail sales hold up better than thought in August British retail sales hold up better than thought in August
- September 15, 2016

Sales in different sectors varied but "overall the figures do not suggest any major fall in post-referendum consumer confidence", she said. The city-state's retail sales rate ramped up 2.8% YoY on back of stronger motor vehicle sales, which climbed 36.5% in 2016. (more...)
Sadly Samsung Is Now Recalling The Galaxy Note 7 Sadly Samsung Is Now Recalling The Galaxy Note 7
- September 15, 2016

The galaxy note 7 was to be made possible in the Indian business and there have been totally 35 cases that have been listed globally and now leading a precise review with suppliers to know possible changed batteries in the Indian market. MobileSyrup has reached out to Canada's other carriers to confirm whether they have also put an immediate stop on sales for the ill-fated device. (more...)
Rupee hit by devaluation talk, despite ministry denial Rupee hit by devaluation talk, despite ministry denial
- September 15, 2016

The finance ministry denied that the government was discussing a possible devaluation of the rupee, whose floating exchange rate is managed by the Reserve Bank of India. Those remarks came at a sensitive time, as the RBI has a new chief, Urjit Patel, and a six-member Monetary Policy Committee being created to set interest rates has yet to be fully staffed up. (more...)
G20 summit concludes with historic consensus on world growth G20 summit concludes with historic consensus on world growth
- September 15, 2016

Besides the situation in Syria, Obama also reportedly discussed with Putin concerns over militant pro-Russian separatists in Ukraine and Russian cybersecurity crimes . "The one thing that we have to ensure we do is to move in concert with other countries, because there is always a danger that if one. acts unilaterally, that it's not just a matter of a USA company being impacted, but it may also have an impact in terms of our ability to collect taxes from that same company", Obama said . (more...)
EU chief appeals for more unity in Europe rife with division
- September 15, 2016

As the heads of 27 European Union governments prepared to meet in the Slovakian capital today, Mr Juncker said it was time to stop the "endless disputes, quarrels and bickering" and focus on shaping a new post-Brexit future for the EU. The project, WIFI4EU (Wi-Fi for you), aims to put free Wi-Fi hotspots open to all EU citizens in parks, squares, libraries and other public buildings. (more...)
Cauvery issue: BJP pledges support to Pondy bandh on Sept 16 Cauvery issue: BJP pledges support to Pondy bandh on Sept 16
- September 15, 2016

The scheduled quarterly exam will be held on Saturday. In Chennai , the Koyambedu wholesale market will be closed. The residents of a Tamil colony also condemned some incidents of attacks on Kannadigas and their property in Tamil Nadu and appealed to the neighbouring state Chief Minister to ensure safety of Kannadigas living there. (more...)
Wife of ex-US Rep. Jesse Jackson Jr. leaves prison camp Wife of ex-US Rep. Jesse Jackson Jr. leaves prison camp
- September 15, 2016

Due to be released October 18, she was free Wednesday a little more than a month shy of completing a one-year sentence at a minimum-security prison in West Virginia. The ex-congressman completed his prison sentence a year ago. She married into the Jackson family, led by its patriarch, the Reverend Jesse Jackson Sr. (more...)
Spectra Energy Corp, Enbridge Inc. to Merge in Stock-for-Stock Deal
- September 15, 2016

Enbridge shares were up 3.6 percent on the Toronto exchange at Can$55.16. According to the transaction terms, Spectra shareholders would get 0.984 shares of the merged company for every share they current hold. He will work closely with Paine & Partners to identify new investment opportunities in the sector and serve in a leadership role at attained companies. (more...)
Wells Fargo Reportedly Faces Federal Probe Over Sales Tactics
- September 15, 2016

As the paper sums it up, the CEO's story goes like this: It was the employees' fault. "There was no incentive to do bad things", he told the Journal . For decades, big banks sought to put tellers in a position to improve product sales, Bove said, but regulators and elected officials may now step up pressure against that business model. (more...)
Met Office issues alert for heavy thundery rain Met Office issues alert for heavy thundery rain
- September 15, 2016

The Met Office chief forecaster said: "A fairly cloudy start to the day, though cloud soon breaking to leave a dry, warm and humid day with good sunny spells". Following the balmy forecasts, warnings have been sounded by Public Health England (PHE) urging caution over the coming days and nights. The highest September temperature recorded was in 1906 when the mercury hit 35.6C (96.1F) in Bawtry, South Yorkshire. (more...)
YouTube Launches Their Own Social Network (Sort Of) YouTube Launches Their Own Social Network (Sort Of)
- September 15, 2016

For the sake of facilitating productive interactions, YouTube creators will be able to moderate the comments in their Community tabs, which will also have no character limits and appear in reverse chronological order. As creators, your ideas and feedback shape our platform, inspire new features, and help us decide what to prioritize. However, as per the report , the firm will take a couple of months to release full grown version of YouTube Community. (more...)
Carl Icahn wants to up Herbalife stake to 50% Carl Icahn wants to up Herbalife stake to 50%
- September 15, 2016

Icahn also said that nutrition and weight management company Herbalife would be a strong candidate to go private, saying such a move would allow it to avoid the kind of criticism aimed at it from Pershing Square hedge fund founder William Ackman. (more...)
Wells Fargo's unit to sell fund administration business Wells Fargo's unit to sell fund administration business
- September 15, 2016

Wells Fargo's practices of putting customers into fake accounts, which last week led the US government to fine the bank $190 million, took center stage in Congress on Tuesday with staff members for the Senate Banking Committee set to meet with representatives of the bank. (more...)
Reliance Jio to finally launch 4G on Monday Reliance Jio to finally launch 4G on Monday
- September 15, 2016

One of the most lucrative offers that Reliance Jio is giving is free voice calling. Roaming charges will also be zero, Ambani said. Reliance Jio still had many surprises under its sleeve. The network will become operational from September 5, but commercial operations will begin only on December 31. Additionally, students with a valid ID card will be offered 25% more data for the same price as the usual Jio subscription. (more...)
Americans got raise last year for first time since 2007
- September 15, 2016

Income in the median USA household peaked in 1999 at $57,909, the bureau says. Between 2005 and 2015, Clark County saw median household incomes grow more than 26 percent. "Income grew for households across the income distribution, with the fastest growth among lower- and middle-income households". Census Bureau announced Tuesday. (more...)
Bayer and Monsanto officials tout benefits of merger agreement
- September 15, 2016

After months of courtship, German drug and farm chemical maker Bayer AG finally reached an agreement to buy US seed and weed-killer company Monsanto, in a deal that is valued at $66 billion and which will keep the merged entity's seed business in Monsanto's home base of St. (more...)

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