Business

Court reopens case against Neymar for Barcelona transfer

Court reopens case against Neymar for Barcelona transfer A fraud case against Neymar and his father relating to the Brazilian international's 2013 transfer to Barcelona has been re-opened following an appeal by Spanish prosecutors. Santos received just 17.1 million, 6.8 million euros of which went to DIS. " All the players and their coach are used to dealing with things that have nothing to do with football ". [Full Article...]

North America's win might not be enough

Even McDavid said he'd prefer to play for Team Canada next time around, even though he'd be under 24 if the next World Cup is in 2020 and would qualify for a North American team in the existing framework. "We're happy we won", forward Mark Scheifele said. First up are Canada and Russian Federation, a rivalry burned into Canada's consciousness by the 1972 Summit Series and dominated in recent y... [Full Article...]

Janet Yellen fires back at Trump: Fed is not political

It's the first time more than one dealer has gone against market consensus in the week of a policy meeting since last September. Near-term risks to the economic outlook appear roughly balanced. He joined Esther George and Loretta Mester in voting against the decision to hold off in a rate increase, according to the statement. Oil prices were slightly lower, following two sessions of strong r... [Full Article...]

Wells Fargo CEO resigns from San Francisco Fed's advisory council

But he said it wasn't an "orchestrated" scheme and defended the company's cross-selling strategy as vital to its success. So one way or another, Wells Fargo (WFC) will likely be kicking off the hunt for a new CEO at some point in the next 12 months. [Full Article...]

Wisconsin congressman grills CEO of company that makes EpiPen

Wisconsin congressman grills CEO of company that makes EpiPen That reason, "I believe, was to get filthy rich at the expense of our constituents", he said. Bresch defended the cost. Several lawmakers questioned why the Mylan CEO didn't just promise to reduce the cost of the EpiPen itself. "You need one in the vehicle and another in the backpack or whatever", he said. Bresch, who made $18.9m in 2015, is weathering some justifiably sharp scrutiny right... [Full Article...]

How the Dow Jones industrial average fared on Friday

How the Dow Jones industrial average fared on Friday Energy stocks fell along with a steep decline in the price of oil. Nasdaq 100 e-minis NQc1 were down 7.25 points, or 0.15 percent, on volume of 16,097 contracts. Google parent Alphabet ended unchanged, while Salesforce dropped 5.6 percent after both were reported to have shown interest in buying Twitter, which has struggled to build on the growth momentum of its early years. [Full Article...]

French court cuts damages owed by rogue trader Jerome Kerviel

French court cuts damages owed by rogue trader Jerome Kerviel Jerome Kerviel, the convicted rogue trader who racked up huge losses at Societe Generale before the financial crisis, has had his damages bill nearly eradicated by a French court. The bank has appealed against a labor tribunal ruling in June that ordered it to pay Kerviel 450,000 euros in damages for dismissal "without genuine or serious cause". [Full Article...]

Canada's Annual Inflation Slowed in August

Canada's Annual Inflation Slowed in August But despite unexpectedly weak inflation and retail sales data released by Statistics Canada, economists predicted the central bank will refrain from touching its benchmark interest rate any time soon. The Bank of Canada's core inflation measure was unchanged on the month with an annual 1.8% increase from 2.1% previously and compared with a consensus expectation of a slight decline to 2.0%. [Full Article...]

Twitter surges after report that it may be on the block

Twitter surges after report that it may be on the block Our response, if CRM were to buy TWTR, would be negative. Rumors of a Twitter buyout have been circulating for quite some time, but to hear that Google and Salesforce could be considering a formal bid changes things up a bit. Buying an established player could give the push a much-needed boost while cementing its hold over the consumer technology world. It has reportedly received expre... [Full Article...]

US average 30-year mortgage rate declines to 3.48 percent

US average 30-year mortgage rate declines to 3.48 percent The Fed kept its key interest rate unchanged but signaled that it likely will raise rates before year's end. The 15-year fixed-rate mortgage averaged 2.76%, down one basis point during the week. Low mortgage rates have combined with an improved job market to bolster demand from possible buyers. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.8%, down from last week when... [Full Article...]

Tesla Sues State of Michigan Over Dealership License Denial

Tesla Sues State of Michigan Over Dealership License Denial Tesla says it's been stymied by the grip of automakers and dealers on the legislature in MI, which along with Texas, Connecticut and Utah are the only states where it has so far been unable to get a license to sell directly to consumers. Other states prohibit it or allow it only under certain circumstances. The Michigan Automobile Dealers Association didn't immediately return a call. [Full Article...]

Bank of Japan policy tinkering explained

Bank of Japan policy tinkering explained The US Fed had last gone for an interest rate hike in December 2015 when it raised raised its benchmark overnight interest rate to a range of 0.25 per cent to 0.50 per cent, the first hike in almost a decade. The yen earlier dropped as much as 1.1 percent to 102.79, the weakest since September 14, after Governor Haruhiko Kuroda and his board said the BOJ would move away from a rigid target for exp... [Full Article...]

OECD slashes British growth forecast over Brexit

OECD slashes British growth forecast over Brexit The Paris-based OECD, a group of 35 developed nations, said that monetary policy had "become overburdened and is creating distortions in financial markets". In Europe, Britain is projected to have the lowest growth rate in 2017 after Italy, since its forecast was revised downward by one percentage point from the last report. [Full Article...]

SEC charges hedge-fund manager Leon Cooperman with insider trading

SEC charges hedge-fund manager Leon Cooperman with insider trading Cooperman abused his access to executives as a large shareholder by trading on the confidential information, SEC Enforcement Director Andrew Ceresney said. Cooperman, who lives in Boca Raton, Florida, founded Omega in 1991 after working as a senior executive at Goldman Sachs. The SEC charges allege that Cooperman knew about the sale of the gas facility prior to its being made public, and that Om... [Full Article...]

Fed leaves interest rates alone; dials down 2016 forecast

In July, only George broke from the decision to hold rates just above zero. Sep 21, 2016-National Association of Federal Credit Unions ( NAFCU ) Chief Economist Curt Long issued the following statement in response to the Federal Open Market Committee's announcement of no change in interest rates after the conclusion of its two-day meeting today. [Full Article...]

Grey's Anatomy Photos: "Catastrophe and the Cure"

Grey's Anatomy Photos: Show creator Shonda Rhimes says that Jo's story will be told and intertwined with that of Alex's. According to reports , the new season will revolve around the show's original characters, Meredith and Alex. It can be recalled that in the previous season, Alex nearly got DeLuca killed through his punches. Only time will tell. But despite how happy this makes us, we can't help but worry for bot... [Full Article...]

Lyft to switch to self-driving cars in 5 years

Lyft to switch to self-driving cars in 5 years Lyft Chief Executive John Zimmer predicts that his company's ride-hailing fleet of cars will be mostly autonomous within five years, and that "private auto ownership will all but end in major USA cities" by 2025. Although Zimmer did not detail how the company plans to achieve that feat in just a few short years, he does outline phases where self-driving vehicles will gradually become more tec... [Full Article...]

Trump says 'bomb went off in New York'

Trump says 'bomb went off in New York' It was the worst stretch of her campaign, and during it, a newly confident Trump for the first time in several weeks began to veer off his written remarks. While he repeated his charge that Mrs Clinton would introduce "total amnesty in the first 100 days, which means Obamacare, Social Security and Medicare for illegal immigrants", her website does not mention amnesty. [Full Article...]

Kasich aide slams RNC chair Reince Priebus over Trump support remark

Kasich aide slams RNC chair Reince Priebus over Trump support remark Ted Cruz and Ohio Gov. John Kasich - have already said they won't endorse the billionaire. Dickerson asked, "would the party itself penalize somebody who does not make good on the pledge that they made to support the party nominee?" "We're a private party, we're not a public entity". [Full Article...]

Wenger Rules Giroud, Ramsey Out Of EFL Cup Clash

Bendtner claimed he was one of the best strikes in the world while at the Gunners in 2010. Ramsey is working hard on his fitness levels as he bids to try and get back to action as soon as possible. Nicklas Bendtner spent nine years at Arsenal . His efforts will more than likely be rewarded with yet another bench appearance this weekend, but he's slowly showing his unique and devastating abili... [Full Article...]


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