Markets


West Elm opening chain of boutique hotels West Elm opening chain of boutique hotels
- September 27, 2016

But this morning we're learning it's not the furniture the company is bringing. The first properties are expected to be located in Detroit, Minneapolis, Savannah, Ga., Charlotte, N.C. Founded in 2014, DDK is a full service management company providing operations expertise and technical services for boutique hotel management and development. (more...)
United Nations wants Dakota Access Pipeline construction halted
- September 27, 2016

The sale also is exempt from North Dakota's Depression-era anti-corporate farming law that limits the number of nonprofit groups allowed to buy land, and requires the governor to approve land purchases. The company also says the pipeline will employ advanced technology to ensure safety and reliability. "Thousands have gathered peacefully in Standing Rock in solidarity against the pipeline", Archambault told commission members. (more...)
After Endorsement, Cruz Refuses To Say Trump Is Fit For The Presidency
- September 27, 2016

The senator justified his about-face with the fact that previous year he promised to support whatever Republican candidate was elected and also, while he has "areas of significant disagreement" with Trump, he believes that "by any measure Hillary Clinton is wholly unacceptable ". (more...)
CBOE To Acquire Bats Global
- September 27, 2016

Under the terms of the agreement, Bats stockholders will receive $10.00 per share in cash and 0.3201 of a share of CBOE Holdings common stock, representing a total consideration of approximately $32.50 per share, based on the closing price of CBOE Holdings common stock on September 23, 2016. (more...)
Nasdaq hits record high after Fed
- September 27, 2016

GDP growth has slowed in 2016, despite solid consumption and job growth, due to weak investment, partly reflecting developments in the energy sector, and a prolonged inventory correction", the Organization for Economic Co-operation and Development said Wednesday, ahead of the rate decision. (more...)
Monarch Airlines denies being in financial trouble Monarch Airlines denies being in financial trouble
- September 27, 2016

The statement added that it expected to announce a significant investment in the coming days. A spokesperson for the company said the airline was operating flights as scheduled. The airline flies to more than 30 destinations from Manchester, majority in Europe, and has been hit hard by the decline of tourism in Egypt and Turkey. (more...)
Clinton camp worries that Trump will get easier debate questions Clinton camp worries that Trump will get easier debate questions
- September 27, 2016

Trump said in a tweet after it was reported that Clinton has taken a day off from her grilling campaign schedule. Clinton has been preparing for the debate for weeks, and she has no public campaign events planned for the rest of the week so she can continue studying. (more...)
Canadian-Iranian prof freed from prison in Tehran, Trudeau confirms Canadian-Iranian prof freed from prison in Tehran, Trudeau confirms
- September 27, 2016

She became an Irish citizen through marriage to an Irish man and her family have said she has a "deep bond" with the Irish community in the UK. Other family members did not immediately respond to a request for comment. She was first arrested and interrogated in March and released on bail. "They understand that cases like these impede more productive relations", he added. (more...)
Charlotte Mayor Lifts City Curfew After Sixth Night of Protests
- September 27, 2016

The ACLU is calling on Charlotte police to release all the remaining video footage of the events surrounding the fatal police shooting of Keith Lamont Scott last week. Demonstrators have taken to the streets for almost a week, after police shot and killed Keith Lamont Scott on Tuesday. They also said Scott had marijuana. (more...)
UAE says backs output freeze to support oil markets
- September 27, 2016

Correction: An earlier version of this story incorrectly summarized the Reuters report that Saudi Arabia agreed to lower production if Iran freezes its output. A Dubai-based regional research firm said here on Sunday the Organisation of Petroleum Exporting Countries ( OPEC ) needs to cut production to sustain a rise in crude prices above $50 a barrel. (more...)
Love makes Moore final Ryder Cup pick
- September 27, 2016

He has not had a Ryder's victory since 2008. "This is the best golf team maybe ever assembled". "We've got a bunch of guys that are good, but nobody is standing out". "I do like our team and I think they'll play well". We're not going to have that rough next week. Phil Mickelson kept hearing the wrong tone of cheers coming from the 18th green, one after another, until he realized the singles match he was on the verge of winning would not prevent Europe from capturing the Ryder Cup . (more...)
Twitter Stock Rises on News That Disney Might Be Bidding
- September 27, 2016

CNBC's David Faber reported on "Closing Bell" on Monday that the social media giant is moving closer to a formal sale process for the company, according to sources familiar with the situation. Meanwhile, Disney's shares were down more than 1 percent after the news. The company has a history of investing in digital media properties including Hulu, Vice, and streaming service provider BAMTech , which provides the technical backbone to products like HBO Now. (more...)
Sales of new homes tumbled 7.6 percent in August Sales of new homes tumbled 7.6 percent in August
- September 27, 2016

The sales rate of newly built homes fell 7.6 percent compared to an especially strong July, however. There were 235,000 new houses on the market at the end of August. "Given the huge jump in sales in July, the August reading remains robust", said Ed Brady, chairman of the National Association of Home Builders (NAHB). (more...)
Drugmaker Pfizer decides not to break up business Drugmaker Pfizer decides not to break up business
- September 27, 2016

The decision comes almost six months after the U.S. Treasury Department implemented new rules on corporate tax inversions that effectively scuttled Pfizer's $160 billion combination with Ireland-based Allergan. Investors shifted their focus to whether Pfizer would split after the company terminated the deal for Irish drugmaker Allergan in April. The company had considered the split largely because its patent-protected medicines routinely enjoyed sales growth while demand for its generics ... (more...)
Hollande says migrant camp in Calais must be fully dismantled
- September 27, 2016

France plans to relocate the migrants in small groups across the country, but right-wing opponents of the Socialist leader are raising the heat ahead of the presidential election in April, accusing him of mismanaging a problem that is ultimately a British one. (more...)
North Dakota borrowing $6M for pipeline protest costs
- September 26, 2016

Nor is there reason to fear that the pipeline would compromise the Standing Rock Sioux Tribe's water supply. Grijalva said the pipeline threatened the tribe's natural resources and said the project was part of a "long history of pushing the impacts of pollution onto the most economically and politically disadvantaged people and communities across this country". (more...)
Potential Wells Fargo Whistleblowers Were Fired Over Phony Account Scandal
- September 26, 2016

The Consumer Financial Protection Bureau said Wells Fargo sales staff opened more than 2 million bank and credit card accounts that may have not been authorized by customers. But lawmakers said phony bank accounts might have hurt customer credit ratings, potentially increasing the cost of a mortgage or vehicle loan. "With investigations ongoing, we note that Wells Fargo may incur additional fines over and above the costs borne by their customers", wrote Ramsden, who has a buy rating on ... (more...)
Rookies lead Cowboys to easy win over Bears
- September 26, 2016

Week 3 against the Bears, 4 for 4. The veteran McClain has been outstanding from the onset of the season and continues to show up in games. Dallas was off and running from the first drive of the game, when Prescott ended a 10-play, 75-yard drive with a 1-yard touchdown run, and Elliott adopted the workhorse mentality and took over from there. (more...)
Labour Party under Jeremy Corbyn not electable - Blunkett
- September 26, 2016

Steve Wright, chairman of the Warrington South constituency Labour Party, said: "On behalf of Warrington South Constituency Labour Party I would like to congratulate Jeremy Corbyn on being re-elected leader of the party". He blamed Corbyn for being "lukewarm" about tackling anti-Semitism in the party and condemned his left-wing supporters. But Labour MP Ruth Smeeth, who has been targeted with death threats, said: "If I'm not going anywhere, not one of you gets to go anywhere because we are ... (more...)
Snapchat unveils video-recording Spectacles, announces name change
- September 26, 2016

After five years the company chose to change its name to Snap Inc . The device, which the company is calling Spectacles , will record 10-second clips. Watch a video demo of Spectacles , featuring quite a bit of skateboarding, below. "What if you could go back and see that memory the way you experienced it?" This effectively means that this gadget records videos in the similar way the human eye sees. (more...)

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