Markets


Brock Turner has been released from jail after serving three month sentence Brock Turner has been released from jail after serving three month sentence
- September 16, 2016

Even though there were several witnesses and Brock Turner was literally caught in the act, he was only sentenced to six months in jail because Judge Persky believed a longer sentence would have a "severe impact" on Turner. Turner based on the conviction". It was a conviction and lenient sentence that stirred a national uproar. But Dan Newman, a spokesman for the campaign in favor of the ballot measure, called the list "merely a starting point". (more...)
Fitbit Brushes Off Apple's EU Tax Fight; Expands Into Ireland (FIT, AAPL)
- September 16, 2016

Last week, the US Treasury lashed out at the commission΄s approach, arguing that it is "inconsistent" with worldwide norms and undermines the global fight against tax avoidance. "I think that Apple was targeted here", he said. " Ireland is being picked on and this is unacceptable", Cook was quoted as saying by the Irish Independent . (more...)
Claudio Ranieri: Champions League brings Riyad Mahrez to life
- September 16, 2016

Thrashed by Tottenham 4-1 at White Hart Lane last season in Europa League, Monaco took its revenge on Europe's biggest club stage with a 2-1 win at Wembley. Mario Gotze opened the goal scoring in the seventh minute, and Dortmund were soon three goals up in the first 17 minutes. "Maybe the [Champions League] music woke him up", Ranieri said. (more...)
Ford CEO: Donald Trump is wrong about Mexico
- September 16, 2016

Without high demand or strong margins, Ford needed to make a move to reduce costs for its smaller vehicles. "It was just announced that Ford is moving all small auto production - all of it - 100 percent to Mexico over the next two to three years". (more...)
Informa agrees to buy USA rival Pentland for £1.2bn Informa agrees to buy USA rival Pentland for £1.2bn
- September 16, 2016

Barrett Gilmer, managing director of MidOcean Partners, and Anup Bagaria, co-managing Partner of Wasserstein & Co said: "Following extensive and exclusive discussions with Informa, we are delighted this transaction will take Penton to its natural next stage, combining two strong portfolios of exhibitions, data and information services businesses that will derive significant benefits from greater scale and global reach". (more...)
U.S. average 30-year mortgage rate jumps to 3.50 percent U.S. average 30-year mortgage rate jumps to 3.50 percent
- September 16, 2016

Rates on a 30-year FHA-backed fixed-rate loan dropped from 3.52% to 3.50%. MBA's Builder Applications Survey tracks application volume from mortgage subsidiaries of home builders across the country. The market composite index - a measure of total loan application volume - increased 4.2 percent from the previous week. Mortgage applications in the USA rose 4.2 percent last week. (more...)
New contractors oversight law after Berkeley balcony collapse New contractors oversight law after Berkeley balcony collapse
- September 16, 2016

Early in the morning of January 16, 2015, the fifth-floor balcony at the Library Gardens apartment complex on Kittredge Street collapsed, killing Olivia Burke, Eimear Walsh, Eoghan Culligan, Niccolai Schuster and Lorcán Miller, all 21 and from Ireland, and Ashley Donohoe, 22, of Rohnert Park; Donohoe and Burke were cousins. (more...)
Reliance Jio keeps Airtel and Idea shares under pressure Reliance Jio keeps Airtel and Idea shares under pressure
- September 16, 2016

Reliance Jio has been officially launched and claims to have the lowest data rates in the world, with just 50/GB for 4G data, which will go further down to Rs 25/GB if your usage crosses a certain threshold. Reliance Jio is an all IP based network, so when LTE network is not available it has to fall back on the 2G and 3G network of other operators which will incur a charge of 14p. (more...)
What to do to if you own a Samsung Galaxy Note 7 What to do to if you own a Samsung Galaxy Note 7
- September 16, 2016

Samsung Electronics America announced that replacements for Note 7 smartphones will be available at retail locations in the U.S. by September 21. Of those 1 million potentially risky phones sold to consumers, Samsung has received a total of 92 reports of batteries overheating, just in the United States alone. (more...)
How the Dow Jones industrial average fared on Wednesday How the Dow Jones industrial average fared on Wednesday
- September 16, 2016

At 10:03 a.m. ET, the Dow is down 195 points (1.07%), the S&P 500 is down 21 points (1%) and the Nasdaq is down 49 points (0.95%). The S&P 500 index SPX, -1.48% ended the day 1.5% lower, while the Dow average DJIA, -1.41% lost 1.4%, enough to erase their solid gains from Monday. (more...)
Kindergartner brings 30 packets of heroin to school Kindergartner brings 30 packets of heroin to school
- September 16, 2016

Police in Trenton, New Jersey, want to know how a kindergartner wound up with the 30 packets of heroin that were allegedly found in his lunchbox, police tell PEOPLE. He was tested and came back negative for opioids, a Trenton police spokesman told the paper. "IAT is fully committed to providing a safe, healthy environment in which all our students can be engaged, high-achieving learners and positive role models", the school wrote on its Facebook page . (more...)
Hinkley Point nuclear plant approved by British government
- September 16, 2016

Other burdens include the planned acquisition of lossmaking nuclear group Areva on the instructions of the French government, which holds an 85 percent stake in EDF. The spokesman said: "We have done a good deal to secure Britain's energy security and supply into the future". The decision to go ahead with Hinkley goes some way to easing concerns that May, a former interior minister, was closing the door to foreign investment, particularly from China which has plans to invest billions in ... (more...)
United Kingdom approves China-funded Hinkley Point nuclear plant deal
- September 16, 2016

Hinkley Point C received the "green light", as long as EDF does not take into consideration selling the biggest holding of shares before finalizing the construction and only with government approval. State-owned China General Nuclear Power Corp holds a one-third stake in the Hinkley Point C project and plans to use its own reactor technology for another nuclear plant to be built in Bradwell in Essex, northeast of London. (more...)
Oil rises on draw in US crude stocks, but supply worries remain
- September 16, 2016

The outlook is not clear nor rosy, the agency said. The IEA left its forecast for demand growth for 2017 unchanged from its prediction in June at 1.2 million barrels per day, but cut its forecast for 2016 consumption growth to 1.3 million bpd, from 1.4 million. (more...)
Canada's Household Debt Hits Record in 2Q
- September 16, 2016

Household credit market debt, which includes consumer credit and mortgage and non-mortgage loans, rose 2 per cent in the quarter, easily outpacing growth in disposable income of just 0.5 per cent. The Bank of Canada has flagged the high level of debt as a potential vulnerability for the financial system. At the end of the second quarter, Canadian mortgage debt was at $1.29 trillion. (more...)
Conservative leadership hopeful goes after IMF head for 'left-wing ideology' Conservative leadership hopeful goes after IMF head for 'left-wing ideology'
- September 16, 2016

Lagarde made the comments after a meeting in Ottawa with Prime Minister Justin Trudeau, who recently spoke out against anti-globalization movements at the G20 summit in China. "I don't see anything that would prevent us from achieving (the conditions)", she said in a briefing. "It's one thing to come in and tell us it's great to spend, it's another thing to come in and tell us exactly how we're going to pay it all back", Raitt said. (more...)
Republican deal averts vote on impeaching head of IRS Republican deal averts vote on impeaching head of IRS
- September 16, 2016

The IRS commissioner had indicated in a September 8 letter that he would be willing to testify before the panel, according to the Washington Post . The conservatives said they'll allow the process to play out, but if their party leaders try to pull a fast one along the way, they'll go back to forcing an impeachment vote straight to the floor. (more...)
Ford Shifting Small Car Production From US To Mexico
- September 16, 2016

Ford has more than 85,000 US employees, compared to the 8,800 workers the company employs in Mexico. Without high demand or strong margins, Ford needed to make a move to reduce costs for its smaller vehicles. According to Ford, no jobs will be lost in the United States. "We are going to turn this around", said Trump. It now employs 8,800 people in Mexico, and the new plant will create 2,800 additional jobs there. (more...)
Hinkley Point gets the go ahead with new safeguards Hinkley Point gets the go ahead with new safeguards
- September 16, 2016

But ultimately, after stunning Paris and Beijing by putting the deal on hold in July after May took office, it agreed to go ahead with the Hinkley Point C project in southwest England. China's Foreign Ministry did not immediately respond to a request for comment. To allay concerns Mr Clark did announce new rules around future foreign investment that will see the Government take a "special share" in all new nuclear projects in a bid to control who owns the sites. (more...)
UK govt tells BBC to disclose salaries of top talent UK govt tells BBC to disclose salaries of top talent
- September 16, 2016

He added : "The BBC operates in a competitive market and this will not make it easier for the BBC to retain the talent the public love". - The BBC would be required to publish the names of the now 109 on-air hosts and performers, including news anchors, sports announcers, talk show and entertainment show hosts, with salaries in excess of £150,000 ($198,000), with pay initially disclosed in bands of £50,000 ($66,000). (more...)

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