Markets


Another 1000 jobs to go at troubled Deutsche Bank
- October 10, 2016

Wednesday. "The bottom line is, I think the Deutsche Bank issues will be resolved and there won't be any contagion episode", said Hal S. Scott, a professor at Harvard Law School and the author of the recent book "Connectedness and Contagion". (more...)
Wells Fargo's scandal reportedly impacted 10000 small business accounts
- October 10, 2016

The letters are the latest salvo from Congress as Wells Fargo WFC, +2.78% continues to reel from the scandal in which millions of fraudulent accounts were opened. (3) Authorized an audit to determine if improperly opening new bank accounts complied with IL law on returning unclaimed property to consumers. Wells Fargo spokesman Gabriel Boehmer noted that the problems occurred in the company's retail bank, but that its Government and Institutional Banking division has "diligently and ... (more...)
Hurricane Matthew to throttle Carolinas and Georgia
- October 10, 2016

Pat McCrory said three people were killed in his state. In Haiti , the death toll rose to nearly 900 but the head of the country's civil protection services, Marie-Alta Jean Baptiste, said early on Saturday that the number was likely to rise as it was still impossible to reach some stricken areas four days after the hurricane struck. (more...)
Oil Prices Surge on Fifth Straight Week of Falling Inventories
- October 10, 2016

The latest EIA oil data shows us that U.S crude oil inventories have now dropped by more than 10 million barrels in the last few weeks. The possible collaboration among OPEC and Russian Federation, combined with continual decline in US crude inventories buoyed USA -trade oil prices to close above for the first time in the overnight NY session since June. (more...)
Trump comments likely to become debate focus
- October 10, 2016

On Saturday night, Trump retweeted two tweets from Juanita Broaddrick, who in 1999 accused Clinton of raping her two decades before. On Friday, The Washington Post and NBC News both released a 2005 recording of Trump describing attempts to have sex with a married woman. (more...)
Giuliani says Trump may go after Bill Clinton
- October 10, 2016

Following the damning revelations of the Trump Tapes, in which the Republican candidate was heard making sexually aggressive comments about women, the event will likely be even more heated than the first. The debate on Sunday will be held in St. Louis in the USA state of Missouri. While there has never been a winning write-in campaign in a United States presidential contest, such an effort could make it harder for Mr Trump to win. (more...)
Canada Unveils Carbon Price, Alberta Demands Pipeline in Return
- October 10, 2016

He also gave the provinces two options for implementing that price: a carbon tax or cap-and-trade system. The Canadian government has proposed a new approach to pricing carbon pollution: All jurisdictions will have carbon pricing in place by 2018. (more...)
Sex tapes talk takes US presidential campaign in sordid direction Sex tapes talk takes US presidential campaign in sordid direction
- October 10, 2016

As a phone rang, the announcer said , "It's 3 a.m., and your children are safe and asleep". Trump even speculated in his string of tweets that his rival ex-Secretary of State Hillary Clinton may have had something to do with Machado becoming a US citizen just so Clinton could use her in Monday's debate. (more...)
Facebook reports 11-million-pound United Kingdom tax credit as revenues soar Facebook reports 11-million-pound United Kingdom tax credit as revenues soar
- October 10, 2016

Facebook won't get the benefit of the tax deduction until this happens, which means the company may still have to pay tax for 2015. Analysts say Facebook generates hundreds of millions of dollars in revenue from United Kingdom clients each year but until this year all transactions were booked in Ireland, minimizing the social media group's United Kingdom tax bill. (more...)
Cuomo: Work train 'violated the space' of LIRR commuter train Cuomo: Work train 'violated the space' of LIRR commuter train
- October 10, 2016

Nassau County Executive Ed Mangano told a news conference 29 people were treated in hospitals for non-life threatening injuries such as broken bones and concussions. 8, 2016. Cuomo urged everyone to exercise caution and let investigators examine the crash site before drawing any conclusions. "Fortunately, then it stopped and we were tilted in our auto, but everybody in our vehicle was fine", Heller said. (more...)
Only little people have to pay taxes -- Thomas Bartell
- October 10, 2016

The Time was not contented, and so they published the other first page of Trump's non-resident tax return in CT. Free Press readers share their opinions about news that Republican presidential nominee Donald Trump in 1995 reported a $916-million loss, revealed by the New York Times when it published parts of Trump's tax return from that year. (more...)
Australian-Chinese $277 million bid for Australian ranches Australian-Chinese $277 million bid for Australian ranches
- October 10, 2016

Earlier bids for Kidman bid have been rejected over concerns about Chinese control. Rinehart has partnered with a Chinese company, Shanghai CRED Real Estate Stock which will hold a third share of the joint venture. "Given the size and significance of the Kidman portfolio, I am concerned that the acquisition of an 80 per cent interest in S Kidman & Co by Dakang Australia Holdings may be contrary to the national interest", Morrison said at the time. (more...)
Yellen Speaks on Financial Regulation
- October 10, 2016

Louis. Ms Yellen told the committee that, in general, large and regional banks are now well-capitalized and profitable, and the Fed is seeing growth in commercial and industrial lending. "I think that the economy can handle that". "And I have never seen that on the part of any of my colleagues". Beatty came to Yellen's defense, saying the Fed chair's meetings with administration officials is a natural effect of her intellectual stature. (more...)
Illinois suspends $30B in Wells Fargo activity; bank 'sorry'
- October 10, 2016

Senate Democrats on Wednesday asked for a criminal probe into senior Wells Fargo executives as their counterparts in the House asked federal banking regulators to strengthen rules on clawing back pay. On Monday, Illinois Treasurer Michael Frerichs suspended $30 billion in investment activity with Wells Fargo , and it's possible that other states and cities may do the same going forward. (more...)
33 injured after NY train derails 33 injured after NY train derails
- October 10, 2016

Nassau County Police said it recieved a call around 9 p.m. that a vehicle or truck had slammed into a train and caused two cars of the train to derail. Passengers describe the first responders arriving quickly, evacuating the train in an orderly manner. Passengers were shaken up, seats were busted and windows were broken by the impact. (more...)
Wells Fargo CEO faces lawmakers, apologizes again Wells Fargo CEO faces lawmakers, apologizes again
- October 10, 2016

Theft is theft", committee head Rep. Jeb Hensarling, R-Texas, told Stumpf. "I'm moving forward to break up Wells Fargo bank", Waters said. As he had also done before that panel, however, Stumpf seemed to tacitly acknowledge that previous bank-wide practices were problematic. (more...)
Governor: Trains Side-swiped Each Other, Causing Derailment Governor: Trains Side-swiped Each Other, Causing Derailment
- October 10, 2016

Among the injured were 26 passengers and seven LIRR employees, five from the passenger train and two from the work train, Prendergast said. 4 of the injuries were serious. Train service has been suspended in both directions. "Clearly there could have been a lot more injuries just in the evacuation". The mishap occurred 30 kilometers (20 miles) east of the city. (more...)
With Google device, 'smart speaker' options grow With Google device, 'smart speaker' options grow
- October 10, 2016

Using the Google Knowledge Graph, Google Home can answer more than 70 million facts. Google Home is open for pre-order today and will ship to retail stores on November 4. The device is not always listening, since it is activated by saying 'OK, Google , ' and the voice activation feature can also be disabled with the press of a mute button on the back of the device. (more...)
United States refrains from commenting on India's surgical strikes across LoC
- October 10, 2016

At least six militants attacked an Indian army camp in north Kashmir on Sunday night, killing one border guard and wounding another, two weeks after a similar attack killed 19 Indian soldiers and ratcheted up tensions between India and Pakistan. (more...)
Texas Lawmakers Respond to Trump's 2005 Lewd Comments Texas Lawmakers Respond to Trump's 2005 Lewd Comments
- October 10, 2016

Trump has hinted he may turn the debate into a referendum on Clinton's marriage - namely her husband's extramarital affairs and her treatment of the women who were involved. During the Republican primary, GOP officials anxious that disavowing Trump would alienate his supporters and hurt the party in congressional races. (more...)

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