Markets


US Stocks Rebound as Consumer Companies and Banks Rise
- October 02, 2016

Deutsche Bank Additional Tier 1 securities slumped to their lowest ever level on Friday after reports some of its hedge fund clients were reducing their financial exposure. The company has sold off several brands to focus on product lines like Chef Boyardee and Hebrew National, and it's getting ready to split into two companies. (more...)
Oil rises in NY, buoyed by Opec cheer
- October 02, 2016

Oil prices shot up by around 5 percent after details of the agreement leaked. The global benchmark crude closed at a $1.41 premium to WTI. LONDON, Sept 30 (Reuters) - Oil prices fell on Friday as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide. (more...)
Gabon president Bongo names new prime minister Gabon president Bongo names new prime minister
- October 02, 2016

At least 100 people dead and dozens arrested, according to the opposition, after candidate Jean Ping had rejected the results pointing to a Bongo reelection. She will decide later whether to open a formal investigation. Ping insists he won the August 27 presidential poll and accuses Bongo, the son of Omar Bongo , who ruled the oil-producing Central African nation for over four decades, of rigging the results. (more...)
Investigators yet to question engineer over deadly New Jersey train crash
- October 02, 2016

A train vehicle is pictured in an aerial photo inside the New Jersey Transit Hoboken Terminal following a train crash in Hoboken, N.J., on Thursday, Sept. If the feds had had their way, they say the Amtrak crash could have been prevented: PTC was originally supposed to be implemented nationwide by the end of a year ago. (more...)
Stocks open higher on Wall Street Stocks open higher on Wall Street
- October 02, 2016

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Shares in the bank, that was until recently seen as one of the strongest in Europe, fell 9% to €9.92, a slump of nearly two-thirds compared to last November, before recovering slightly later. (more...)
United States stocks rally on Deutsche Bank deal United States stocks rally on Deutsche Bank deal
- October 02, 2016

The bank, he insisted, is fundamentally strong, is meetings its capital requirements, and has "an extremely comfortable buffer" when it comes to liquidity, with reserves of more than 215 billion euros ($241 billion). It might better have blamed the problem on German officials who side-tracked Eurozone efforts to craft an effective, practical resolution regime in their efforts to make it not just one that ensured resolution, but also revenge. (more...)
Hurricane Matthew soaks Colombia, heads for Jamaica, Haiti
- October 02, 2016

A hurricane watch has also been issued for a portion of Cuba, the hurricane center said. It spent much of Saturday sitting almost stationary in the Caribbean Sea a few hundred miles south of Haiti and Jamaica. "It is important to remind users that average NHC track forecast errors are around 175 miles at day 4 and 230 miles at day 5", forecasters wrote in their Saturday morning discussion. (more...)
Banks lead US stock recovery; Costco lifts consumer stocks
- October 02, 2016

At one moment in frenzied early trading, the bank's stock fell another 8 percent to below 10 euros per share for the first time, before recovering somewhat to trade 4.3 percent lower at 10.42 euros in Frankfurt, Germany. US stocks are bouncing back early Friday, Sept. 30, 2016, after a steep loss late the previous day. Asian markets (http://www.marketwatch.com/story/asian-shares-rattled-by-concerns-over-oil-deutsche-bank-2016-09-30) finished largely lower, with the Nikkei 225 index dropping ... (more...)
Feds seek witness accounts of deadly train crash Feds seek witness accounts of deadly train crash
- October 02, 2016

Thursday's crash killed at least one person and injured more than 110 others. Federal investigators say the probe into a train that crashed into a rail station in New Jersey is in the fact-gathering phase and it may be up to two days before there is full access to the site. (more...)
Half of recalled Galaxy Note 7s exchanged in US — Samsung Half of recalled Galaxy Note 7s exchanged in US — Samsung
- October 02, 2016

In a fillip for the Korean company, 90% of those who bought an original Galaxy Note 7 have swapped there's for a new model instead of opting for a refund or a different Samsung phone. Previously, the DGCA had issued an advisory prohibiting the use of the infamous Samsung Galaxy Note 7 on-board an aircraft. The Ministry has advised airlines and travelling public not to turn on or charge the said mobile during flights. (more...)
Will Deutsche Bank Become the Next Lehman?
- October 02, 2016

Analysts said the troubles at Deutsche Bank are raising scrutiny over other banks in Europe, which are also in talks regarding mortgage settlement with the US authorities. The bank is fundamentally strong, is meeting its capital requirements, is profitable and has "an extremely comfortable buffer" when it comes to liquidity, with reserves of more than 215 billion euros, he said. (more...)
Australian rules-Bulldogs break six-decade drought in classic final
- October 02, 2016

Bulldogs midfielder Jack Macrae was massive in the decisive second half with 19 possessions and 32 for the game. If the game went the other way, it was likely that Josh Kennedy would have won the all the plaudits, with the midfidler picking up 22 disposals before halftime. (more...)
Notre Dame hopes new attitude means better D vs. Syracuse Notre Dame hopes new attitude means better D vs. Syracuse
- October 02, 2016

The East Carolina transfer was 23 of 41 with touchdowns covering 28 yards to David Eldridge, 12 yards to Olamide Zaccheaus and 3 yards to Richard Burney. It was a flawless pass and catch, yes, but it also was crucial to Notre Dame's momentum. Kelly noted that changes come in South Bend when a team performs as poorly as it had. (more...)
Crew 'Very Cooperative' in Hoboken Train Crash Investigation
- October 02, 2016

A separate train system, PATH, continues to run through Hoboken. Meanwhile, early on Friday morning commuters faced a confusing and dark journey into New York City. SAP said in a statement: "SAP is profoundly saddened and shaken by the news of today's train crash in New Jersey". National Transportation Safety Board investigators were examining the event recorder taken from the locomotive at the rear of the train, NTSB Vice Chairman T. (more...)
Yusa Scores as NorthEast United Beat Kerala Blasters in ISL Opener Yusa Scores as NorthEast United Beat Kerala Blasters in ISL Opener
- October 02, 2016

The Indira Gandhi Athletics Stadium in Assam will host at least 30,000 on Saturday (about 30,319 attended NEUFC's opening home against FC Goa on Oct 15, 2015) and similar numbers will continue to turn up for ISL games all over the country. (more...)
Morgan Stanley estimates Deutsche settlement over US fine at $6 billion
- October 02, 2016

Strong earnings from Costco are giving consumer stocks a lift. "There's a little bit of recognition of the reality that Deutsche Bank is not Lehman", said John Stoltzfus, chief market strategist at Oppenheimer & Co in NY. Brent crude, the global standard, slipped 18 cents to $49.06 a barrel in London. Companies that drill for oil rose sharply as investors expected them to benefit from higher prices for crude. (more...)
California Imposes Sweeping Sanctions On Wells Fargo Amid Scandal
- October 02, 2016

One lawmaker called Mr. Stumpf "the head banana" of Wells Fargo , while another brought a mug shot of a man who allegedly robbed a Wells Fargo branch and made a comparison between him and Mr. The senators noted several civil lawsuits and other complaints by Wells Fargo workers alleging the bank failed to pay overtime for late nights and weekends spent working to meet sales quotas. (more...)
The real loser from the first debate
- October 02, 2016

That finding was echoed by top Republican strategists, presidential historians and pollsters surveyed by NJ Advance Media on Monday. She should have been forced, either by the moderator or by Trump himself, to explain her email server and the immunity deal with her former aides who were involved. (more...)
Donald Trump plans to attack Hillary with Bill Clinton's scandals Donald Trump plans to attack Hillary with Bill Clinton's scandals
- October 02, 2016

But if she loses Pennsylvania, Trump's possible routes to 270 open up. Her answer was a terse "No". The possibility that Donald Trump's presidential bid may have suffered a serious setback is, of course, heartening. "I'm voting for Trump ", said 20-year-old Josiah Adams of Greenfield, New Hampshire. Trump only has ten days until the next debate, but he is still whining about losing a debate that occurred four days ago. (more...)
US Fed chief says appropriate to raise interest rate this year US Fed chief says appropriate to raise interest rate this year
- October 02, 2016

The announcement was made in the State Dinning Room of the. She declined to respond to the most heated questions about Wells Fargo, including whether the Fed should consider breaking it up. Legally, Brainard is allowed to make political donations in her position. Yellen was speaking as part of her semiannual testimony before the House Financial Services Committee about financial regulation. (more...)

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