Business

VW to pay $250M, recall more vehicles in emissions scandal

The deal was agreed between VW and the Justice Department, U.S. Environmental Protection Agency and California state officials. VW had admitted in September 2015 to installing secret software in 475,000 US 2.0-liter diesel-engined cars to cheat exhaust emissions tests, making them appear far cleaner in testing than they really were during road operation. [Full Article...]

White House Indefinitely Bans Drilling in Large Swaths of Arctic, Atlantic

The President's Arctic withdrawal, which encompasses the entire U.S. Chukchi Sea and significant portions of the U.S. Beaufort Sea, will provide critical protection for these vibrant and fragile offshore ecosystems, which are home to marine mammals and other important ecological resources and marine species on which many Alaska Native communities rely for subsistence and cultural traditions. [Full Article...]

Lagarde will remain as chief despite conviction — International Monetary Fund board

Lagarde will remain as chief despite conviction — International Monetary Fund board Lagarde was found guilty for an incident relating to her time serving as French foreign minister, in which she referred a legal battle involving controversial businessman Bernard Tapie and lender Crédit Lyonnais to a private arbitration. [Full Article...]

Oil ticks higher on API's reported crude inventory drop

Stock futures for the March quarter on the S&P TSX index were up 0.04% recently. The cartel will meet up with non-OPEC members in the Austrian city of Vienna to discuss the barrels/day production of crude (which it is thinking of cutting down to 600,000 barrels/day) for the non-members. [Full Article...]

Department of Education ends financial aid access for Charlotte School of Law

The American Bar Association announced on November 14 that Charlotte School of Law was being placed on probation, citing the school's non-compliance with several standards necessary to maintain its accreditation with the ABA. The Department of Education says a year ago 946 Charlotte School of Law students received federal loans, netting the school $48.5 million in federal dollars. [Full Article...]

Rocky Balboa packs a punch for Liverpool's Jurgen Klopp

Dropping Karius was a gutsy move and Mignolet, despite his flaws, now gives Liverpool the best chance to win matches. Man Utd, Arsenal or Chelsea - which club makes most sense for James Rodriguez? "But the job is to make it as hard as possible for the crowd to enjoy the game". [Full Article...]

Walgreens, Rite Aid Divest 865 Stores To Fred's Pharmacy For $950M

Walgreens, Rite Aid Divest 865 Stores To Fred's Pharmacy For $950M Closing of the transaction is expected to take several months after Walgreens Boots Alliance's proposed acquisition of Rite Aid is completed and is subject to approval by the Federal Trade Commission as well as customary regulatory approvals and closing conditions. [Full Article...]

Lebanon: Hariri Presents Cabinet More than a Month after Designation

He has considerable political experience: In 2005, he was appointed as administrative reforms minister in the government of Prime Minister Fouad Siniora and he was a state minister in Hariri's' 2009 government. New portfolios include an anti-corruption post and, for the first time, a minister of state for women. The new government will include two ministers from Hezbollah. [Full Article...]

Lebanon forms new government, vows to 'preserve stability'

It includes most political groups, including the militant Hezbollah, but the Christian Phalangist party rejected the portfolio it was offered, according to the BBC. Hariri urged for the spirit of "national entente" that emphasizes the message of coexistence in the coming months as the country steps away from its political impasse that had lasted for more than two years. [Full Article...]

Key investor says to go ahead with Monte dei Paschi investment

Monte dei Paschi revealed today that Quaestio Capital Management, which manages the Atlante fund, on Saturday "expressed strong reservations in relation to the term sheet for the senior bridge loan". Rome is reportedly begging Brussels to allow the state to give banks the cash, without inflicting losses on ordinary Italians. In the share sale, 35 percent will be offered to individual investors... [Full Article...]

The Eli Lilly and Co. (LLY) Issues FY16 Earnings Guidance

Several brokerages have commented on LLY. Argent Trust Co raised its stake in Eli Lilly and by 0.3% in the second quarter. On 10/19/2015 Eli Lilly and announced a quarterly dividend of $0.50 2.57% with an ex dividend date of 11/10/2015 which will be payable on 12/10/2015. [Full Article...]

Deadline extended to sign up for Jan. 1 Obamacare coverage

The Obama administration is giving consumers a few extra days to sign up on HealthCare.gov in time for health insurance coverage to take effect January 1. "Nearly a million consumers have left their contact information to hold their place in line", he said. Healthcare.gov handles ACA insurance sales for the 38 states that don't run their own exchanges. [Full Article...]

Jordanian police patrol comes under attack in town of Karak

A Canadian tourist and several security officers are among at least 10 people who died after gunmen opened fire at a Crusader castle in southern Jordan Sunday. There was no immediate claim of responsibility for the attacks in and near Karak. In another attack, gunmen fired on a security patrol in Karak, causing no injuries, the statement said. [Full Article...]

Chelsea march on as Costa seals victory at Palace

Stoke City threw away a two-goal lead against 10-man Leicester City to draw 2-2 in a bad-tempered game that saw Jamie Vardy sent off and six Foxes players booked by referee Craig Pawson. Leonardo Ulloa's header halved the deficit after the break before Amartey's late leveller. "But, if you ask me if I'm disappointed to lose him and Kante, yes I'm disappointed". [Full Article...]

Movers of most recent trading session: PerkinElmer Inc. (NYSE:PKI), Apollo Commercial…

Yorktown Mngmt And holds 0.16% of its portfolio in Ares Commercial Real Estate Corp (NYSE:ACRE) for 60,000 shares. The stock of Ares Commercial Real Estate Corp (NYSE:ACRE) is a huge mover today! Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. [Full Article...]

FY2017 EPS Estimates for Reliance Steel & Aluminum Co. Raised by Analyst (RS)

Deutsche Bank AG boosted their target price on shares of Reliance Steel & Aluminum Co. from $78.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, December 5th. now owns 3,465,741 shares of the company's stock valued at $84,910,000 after buying an additional 1,425,548 shares in the last quarter. Shareholders of record on Saturday, December 31st will be issued a $0.14 di... [Full Article...]

Sumner Redstone leaving Viacom board after February meeting

Shari Redstone, Vice chairman of Viacom's board said in a statement that the firm is extremely energized by the procedure Viacom is seeking after under Bob's initiative, and additionally the determined diligent work and energy he has shown not just in his quick begin in charge however in his numerous years at the organization. [Full Article...]

How the Fed's interest rate hike hits consumers

How the Fed's interest rate hike hits consumers Partly as a result of the changes anticipated under Trump, the Fed sees three rate hikes in 2017 instead of the two foreseen as of September. The Fed's policy statement "didn't mention the fiscal stimulus but typically their aggressiveness does indicate that there's a little more confidence that they can get away with three hikes next year", said Aaron Kohli, interest rate strategist at BMO Ca... [Full Article...]

Needham & Company Reiterates "Strong Buy" Rating on Apple, Inc., (AAPL)

Needham & Company Reiterates Legal & General Group Plc increased its position in shares of Apple by 2.6% in the second quarter. For the next 5 years, Apple Inc.is expecting Growth of 8.7% per annum, whereas in the past 5 years the growth was 8.89% per annum. The correct version of this piece of content can be viewed at http://sportsperspectives.com/2016/12/16/atria-investments-llc-buys-12603-shares-of-apple-inc-aapl/. [Full Article...]

Cuba Offers To Pay Multi-Million-Dollar Debt To Czech In Alcohol

Cuba Offers To Pay Multi-Million-Dollar Debt To Czech In Alcohol Czech Deputy Finance Minister Lenka Dupakova said repaying the debt with rum was "an interesting option". Cuba is trying to pay back that debt in "drugs and several brands of rum", a Czech official told CNBC . The drink is a trademark Cuban product and, if the offer is accepted, the Czech government would have enough rum to last over a century. Does Cuba's Havana Club rum hold up to its legen... [Full Article...]


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